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RESOLUTION 97- <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />A RESOLUTION AUTHORIZING THE PROPOSED MAXIMUM TAX LEVY <br /> FOR CALENDAR YEAR 1998 <br /> <br />WHEREAS, the Elk River City Council has review the City's anticipated <br /> expenditures for all funds in 1998; and, <br /> <br />WHEREAS, The Elk River City Council has considered projected revenues for <br /> all f~nds in 1998; and, <br /> <br />WHEREAS, revenues from sources other than property taxes are not sufficient <br /> to meet anticipated expenditures of all funds. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River that <br /> the proposed General fund Budget in the amount of $4,977,200 <br /> is hereby adopted. <br /> <br />BE IT FURTHER RESOLVED by the City Council of the City of Elk River that the <br /> <br />following amounts are the maximum to be levied as property taxes <br />payable in 1998: <br /> <br />General Fund <br />Library <br />Dam Loan <br />Development Fund <br />Surface Water Management <br />Matching Grants <br />1994 Storm Sewer Bonds <br />City Special Assessments <br />1989 Fire Equipment <br />1994 Certificate of Indebtedness <br />1995 Certificate of Indebtedness <br />1996 Certificate of Indebtedness <br />1997 Certificate of Indebtedness <br />1998 Certificate of Indebtedness <br /> <br /> Gross Levy <br />$ 3,230,754 <br /> 54,950 <br /> 32,572 <br /> 125,000 <br /> 51,473 <br /> 58,432 <br /> 117,627 <br /> 24 682 <br /> 70 424 <br /> 23 124 <br /> 24 694 <br /> 20 739 <br /> 32 673 <br /> 35 000 <br /> <br />HACA <br />Reduction Net Levy <br />$ 497,911 $2,732,843 <br />8,469 46 481 <br />5,020 27 552 <br />19,265 105 735 <br />7,933 43 540 <br />9,005 49 427 <br />18,129 99 498 <br />3,804 20 878 <br />10,854 59 570 <br />3,564 19 560 <br />3,806 20 888 <br />3,196 17,543 <br />5,035 27,638 <br />5,394 29,606 <br /> <br />TOTAL 3,902,144 601,385 3,300,759 <br /> <br />Passed and adopted by the City Council of the City of Elk River this 8th <br />day of September, 1997 <br /> <br />ATTEST: <br /> <br />Sandra A. Thackeray, City Clerk <br /> <br />Henry A. Duitsman, Mayor <br /> <br /> <br />