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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,
<br />
<br />WHEREAS,
<br />
<br />the Elk River City Council has review the City's anticipated
<br />expenditures for all funds in 1998; and,
<br />
<br />The Elk River City Council has considered projected revenues for
<br />all funds 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 /> following amounts are the maximum to be levied as property taxes
<br /> payable in 1998:
<br />
<br /> Gross Levy
<br />General Fund $ 3,206,538 $ 497,265
<br />Library 54,950 8,522
<br />Dam Loan 32,572 5,051
<br />Development Fund 125,000 19,385
<br />Surface Water Management 51,473 7,982
<br />Matching Grants 58,432 9,062
<br />1994 Storm Sewer Bonds 117,627 18,242
<br />City Special Assessments 24,682 3,828
<br />1989 Fire Equipment 70,424 10,921
<br />1994 Certificate of Indebtedness 23,124 3,586
<br />1995 Certificate of Indebtedness 24,694 3,830
<br />1996 Certificate of Indebtedness 20,739 3,216
<br />1997 Certificate of Indebtedness 32,673 5,067
<br />1998 Certificate of Indebtedness 35,000 5,428
<br />
<br /> HACA
<br />Reduction Net Levy
<br />
<br />$2,709,273
<br />46,428
<br />27,521
<br />105,615
<br />43,491
<br />49,370
<br />99,385
<br />20,854
<br />59,503
<br />19,538
<br />20,864
<br />17,523
<br />27,606
<br />29,572
<br />
<br />TOTAL 3,877,928 601,385 3,276,543
<br />
<br />Passed and adopted by the City Council of the City of Elk River this 25th
<br />day of August, 1997
<br />
<br />ATTEST:
<br />
<br />Henry A. Duitsman, Mayor
<br />
<br />Sandra A. Thackeray, City Clerk
<br />
<br />
<br />
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