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<br /> <br /> <br /> <br /> <br /> <br />Resolution 19-____ <br /> <br />A Resolution of the City of Elk River Authorizing the Preliminary Property <br />Tax Levy for Collection in 2020 <br /> <br />WHEREAS, the Elk River City Council is required to establish a preliminary tax levy for <br />taxes payable in 2020 by September 30,2019 and certify the preliminary tax levy to the <br />Sherburne County Auditor; and, <br /> <br />WHEREAS, the Elk River City Council has reviewed the City’s anticipated expenditures <br />for all funds in 2020; and, <br /> <br />WHEREAS, the Elk River City Council has considered projected revenues for all funds in <br />2020; and, <br /> <br />WHEREAS, revenues from sources other than property taxes are not sufficient to meet <br />anticipated expenditures of all funds; and, <br /> <br />WHEREAS, debt levies have been adjusted or cancelled based on revenue collections and <br />projections. <br /> <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 2020: <br /> Levy__ <br /> General Fund $ 12,160,300 <br /> Library 69,000 <br /> 2010A G.O. Capital Improvement Plan Bonds 619,920 <br /> Economic Development Tax Abatement 138,550 <br /> Lake Orono Dredging 100,000 <br /> <br /> TOTAL $ 13,087,770 <br /> <br />rd <br />Passed and adopted this 3 day of September 2019. <br /> <br /> <br /> <br /> John J. Dietz, Mayor <br />ATTEST: <br /> <br /> <br /> <br />Tina Allard, City Clerk <br /> <br />