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RESOLUTION 12 - <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br />A RESOLUTION AUTHORIZING THE PROPOSED PROPERTY TAX LEVY <br />FOR COLLECTION IN 2013 <br />WHEREAS, <br />the Elk River City Council has reviewed the City's anticipated <br />expenditures for all funds in 2013; and, <br />WHEREAS, <br />the Elk River City Council has considered projected revenues for <br />all funds in 2013; and, <br />WHEREAS, <br />revenues from sources other than property taxes are not sufficient <br />to meet anticipated expenditures of all funds; and, <br />WHEREAS, <br />debt levies have been adjusted or cancelled based on revenue <br />collections and projections. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River that <br />the following amounts are the maximum to be levied as property taxes <br />payable in 2013: <br />Levy <br />General Fund $ - <br />Library 63,100 <br />Surface Water Management 50,000 <br />City Special Assessments 6,942 <br />2005 Improvement Bonds 86,500 <br />20128 G.O. Imporvement Refunding Bonds 185,569 <br />2010A G. 0. Capital Improvement Plan Bonds 364,486 <br />Economic Development Tax Abatement 216,083 <br />TOTAL $ - <br />Passed and adopted by the City Council of the City of Elk River this 4th <br />day of December, 2012. <br />John J. Dietz, Mayor <br />ATTEST: <br />Tina Allard, City Clerk <br />