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City of <br />Elk <br />River <br />Resolution 19- <br />A Resolution of the City of Elk River Authorizing the Proposed Property Tax <br />Levy for Collection in 2020 <br />WHEREAS, the Elk River City Council has reviewed the City's anticipated expenditures <br />for all funds in 2020; and, <br />WHEREAS, the Elk River City Council has considered projected revenues for all funds in <br />2020; 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 to be levied as property taxes <br />payable in 2020: <br />Levy— <br />General <br />evy <br />General Fund $ 11,938,300 <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 />TOTAL $ 12.865.770 <br />Passed and adopted this 2nd day of December 2019. <br />ATTEST: <br />Tina Allard, City Clerk <br />John J. Dietz, Mayor <br />