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RESOLUTION 03 - 5/-I- <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />A RESOLUTION AUTHORIZING THE PROPOSED PROPERTY TAX LEVY <br /> FOR COLLECTION IN 2004 <br /> <br />WHEREAS, <br /> <br />the Elk River City Council has reviewed the City's anticipated <br />expenditures for all funds in 2004; and, <br /> <br />WHEREAS, <br /> <br />the Elk River City Council has considered projected revenues for <br />all funds in 2004; and, <br /> <br />WHEREAS, <br /> <br />revenues from sources other than property taxes are not sufficient <br />to meet anticipated expenditures of all funds; and, <br /> <br />WHEREAS, <br /> <br />debt levies have been adjusted or cancelled based on revenue <br />collections and projections. <br /> <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 2004: <br /> <br />General Fund <br />Street Replacement <br />Library <br />Surface Water Management <br />City Special Assessments <br />1994 Storm Sewer Bonds <br />2003 Improvement Bonds <br />2004 Certificate of Indebtedness <br />2003 Certificate of Indebtedness <br />2000 Certificate of Indebtedness <br />PERA Employer Rate Increase <br />Public Safety Lease Revenue Bonds <br />Economic Development Tax Abatement <br /> <br />TOTAL <br /> <br />Levy <br />$5,117,598 <br /> <br />69,000 <br />175,000 <br />25,164 <br />116,230 <br />100,000 <br />140,000 <br />129,203 <br />38,826 <br />11,875 <br />638;263 <br />3,844 <br /> <br />$6,564,803 <br /> <br />Passed and adopted by the City Council of the City of Elk River this ~'-' <br />day of September, 2003. <br /> <br /> -' Stephanie Klinzing, Mayo'~.~.,'/ /' <br />ATTEST~ ? , <br /> <br /> <br />