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City of <br />Elk -�.-1 <br />River <br />Resolution 22- <br />A Resolution of the City of Elk River Adopting the Preliminary Property Tax <br />Levy for Taxes Payable in 2023 <br />WHEREAS, the Elk River City Council is required to establish a preliminary tax levy for <br />taxes payable in 2023 by September 30, 2022 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 2023; and, <br />WHEREAS, the Elk River City Council has considered projected revenues for all funds in <br />2023; 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 2023: <br />Levy — <br />General Fund $ 14,000,150 <br />Library 75,000 <br />2020A GO CIP Bond 606,346 <br />2021A GO CIP/Equipment Bond 389,135 <br />Economic Development Tax Abatement 131,475 <br />Total Tax Levy $ 15202.106 <br />Passed and adopted this 61h day of September 2022. <br />John J. Dietz, Mayor <br />ATTEST: <br />Tina Allard, City Clerk <br />