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City of <br /> Elk <br /> River <br /> Resolution 17- <br /> A Resolution of the City of Elk River Authorizing the Proposed Property Tax <br /> Levy for Collection in 2018 <br /> WHEREAS, the Elk River City Council has reviewed the City's anticipated expenditures <br /> for all funds in 2018; and, <br /> WHEREAS, the Elk River City Council has considered projected revenues for all funds in <br /> 2018; and, <br /> WHEREAS, revenues from sources other than property taxes are not sufficient to meet <br /> anticipated expenditures of all funds; and, <br /> WHEREAS, debt levies have been adjusted or cancelled based on revenue collections and <br /> projections. <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br /> River,Minnesota, as follows: The following amounts are the maximum to be levied as <br /> property taxes payable in 2018: <br /> Levy— <br /> General Fund $ 10,634,800 <br /> Library 54,000 <br /> 2010A G.O. Capital Improvement Plan Bonds 369,500 <br /> Economic Development Tax Abatement 142,530 <br /> TOTAL $ 11200.830 <br /> Passed and adopted this 181h day of September 2017. <br /> John J. Dietz,Mayor <br /> ATTEST: <br /> Tina Allard, City NATUREJ <br />