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Resolution 21-65 <br />A Resolution of the City of Elk River Authorizing the Preliminary Property <br />Tax Levy for Collection in 2022 <br />WHEREAS, the Elk River City Council is required to establish a preliminary tax levy for <br />taxes payable in 2022 by September 30,2021 and certify the preliminary tax levy to the <br />Sherburne County Auditor; and, <br />WHEREAS, the Elk River City Council has reviewed the City's anticipated expenditures <br />for all funds in 2022; and, <br />WHEREAS, the Elk River City Council has considered projected revenues for all funds in <br />2022; 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 2022: <br />Levy <br />General Fund $ 13,357,700 <br />Library 75,950 <br />2020B G.O. CIP Refunding Bonds 602,650 <br />Economic Development Tax Abatement 97.800 <br />TOTAL $ 1 1 <br />Passed and adopted this 20`' day of September 2021. <br />ATTEST: <br />Tina Allard, City Clerk <br />ohn I - Di , Mayor <br />r <br />sNATUREE <br />