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<br />RESOLUTION 98-
<br />
<br />A RESOLUTION FOR THE CITY OF ELK RIVER
<br />
<br />A RESOLUTION AUTHORIZING THE 1998 PROPERTY TAX LEVY
<br />FOR COLLECTION IN 1999
<br />
<br />WHEREAS, the Elk River City Council has review the City's anticipated
<br />revenues and expenditures for all funds in 1999; and,
<br />
<br />WHEREAS, revenues from sources other than property taxes are not sufficient
<br />to meet anticipated expenditures of all funds; and,
<br />
<br />WHEREAS, the Elk River City Council has received public input and comment
<br />on the Tax Levy and Budget.
<br />
<br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River that
<br />the following amounts are to be levied as property taxes
<br />payable in 1999:
<br />
<br />General Fund
<br />Lake Orono
<br />Library
<br />Dam Loan
<br />Development Fund
<br />Surface Water Management
<br />City Special Assessments
<br />1989 Fire Equipment
<br />1994 Storm Sewer Bonds
<br />1995 Certificate of Indebtedness
<br />1996 Certificate of Indebtedness
<br />1997 Certificate of Indebtedness
<br />1998 Certificate of Indebtedness
<br />1999 Certificate of Indebtedness
<br />
<br />TOTAL
<br />
<br />Gross Levy
<br />$ 3,489,800
<br />100,000
<br />62,500
<br />32,572
<br />135,000
<br />59,500
<br />17,868
<br />71,862
<br />114,225
<br />23,631
<br />22,857
<br />28,978
<br />31,500
<br />40,000
<br />
<br />$ 4,230,293
<br />
<br />HACA
<br />Reduction
<br />$ 495,862
<br />14,209
<br />8,881
<br />4,628
<br />19,182
<br />8,454
<br />2,539
<br />10,211
<br />16,230
<br />3,358
<br />3,248
<br />4,117
<br />4,476
<br />5,684
<br />
<br />$ 601,079
<br />
<br />Net Levy
<br />$2,993,938
<br />85,791
<br />53,619
<br />27,944
<br />115,818
<br />51 ,046
<br />15,329
<br />61,651
<br />97,995
<br />20,273
<br />19,609
<br />24,861
<br />27,024
<br />34,316
<br />$3,629,214
<br />
<br />Passed and adopted by the City Council of the City of Elk River this 21 st
<br />day of December, 1998.
<br />
<br />ATTEST:
<br />
<br />Sandra A. Peine, City Clerk
<br />
<br />Henry A. Duitsman, Mayor
<br />
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