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RESOLUTION 97- 94 <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 $4,977,200 <br /> is hereby adopted. <br /> <br />BE IT FURTHER RESOLVED by the City Council of the City of Elk River that the <br /> <br />following amounts are the maximum to be levied as property taxes <br />payable in 1998: <br /> <br />General Fund <br />Library <br />Dam Loan <br />Development Fund <br />Surface Water Management <br />Matching Grants <br />1994 Storm Sewer Bonds <br />City Special Assessments <br />1989 Fire Equipment <br />1994 Certificate of Indebtedness <br />1995 Certificate of Indebtedness <br />1996 Certificate of Indebtedness <br />1997 Certificate of Indebtedness <br />1998 Certificate of Indebtedness <br /> <br /> Gross Lev7 <br />$ 3,230754 <br /> 54 950 <br /> 32 572 <br /> 125 000 <br /> 51 473 <br /> 58 432 <br /> 117627 <br /> 24 682 <br /> 70424 <br /> 23124 <br /> 24694 <br /> 20739 <br /> 32673 <br /> 35.000 <br /> <br />HACA <br />Reduction <br /> <br />$ 497,911 <br />8,469 <br />5,020 <br />19,265 <br />7,933 <br />9,005 <br />18,129 <br />3,804 <br />10,854 <br />3,564 <br />3,806 <br />3,196 <br />5,035 <br />5,394 <br /> <br /> Net Lev~ <br />$2,732 843 <br /> 46 481 <br /> 27 552 <br /> 105 735 <br /> 43.540 <br /> 49427 <br /> 99.498 <br /> 20.878 <br /> 59 570 <br /> 19,560 <br /> 20,888 <br /> 17,543 <br /> 27,638 <br /> 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 /> <br />A'KI'ESI': _ <br /> <br />"Sa~idra A. Thackeray, Cit~ Clerk ,,~ <br /> <br /> <br />