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<br />RESOLUTION 99 -
<br />
<br />.
<br />
<br />A RESOLUTION FOR THE CITY OF ELK RIVER
<br />
<br />A RESOLUTION AUTHORIZING THE 1999 PROPERTY TAX LEVY
<br />FOR COLLECTION IN 2000
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<br />WHEREAS, the Elk River City Council has review the City's anticipated
<br />expenditures for all funds in 2000; and,
<br />
<br />WHEREAS, revenues from sources other than property taxes are not sufficient
<br />to meet anticipated expenditures of all funds.
<br />
<br />WHEREAS, the Elk River City Council has received publci 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 payable in 2000:
<br />
<br /> HACA
<br /> Gross Levy Reduction Net Levy
<br /> General Fund $ 3,809,355 $ 498,244 $3,311,111
<br /> Lake Orono 100,000 13,080 86,920
<br /> Library 66,650 8,717 57,933
<br /> Dam Loan 32,572 4,260 28,312
<br /> Development Fund 145,000 18,965 126,035
<br />. Surface Water Management 57,500 7,521 49,979
<br />City Special Assessments 28,926 3,783 25,143
<br /> 1989 Fire Equipment 72,891 9,534 63,357
<br /> 1994 Storm Sewer Bonds 116,073 15,182 100,891
<br /> 2000 Certificate of Indebtedness 57,500 7,521 49,979
<br /> 1999 Certificate of Indebtedness 40,000 2,851 37,149
<br /> 1998 Certificate of Indebtedness 23,150 3,307 19,843
<br /> 1997 Certificate of Indebtedness 25,283 3,028 22,255
<br /> 1996 Certificate of Indebtedness 21,794 5,232 16,562
<br /> TOTAL $ 4,596,694 $ 601,225 $3,995,469
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<br />Passed and adopted by the City Council of the City of Elk River this 13th
<br />day of December, 1999.
<br />
<br />Stephanie Klinzing, Mayor
<br />
<br />ATTEST:
<br />
<br />Sandra A. Peine, City Clerk
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