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City of <br />Elk <br />River <br />Resolution 23-S9 <br />A Resolution of the City of Elk River Authorizing the Proposed Property Tax <br />Levy for Collection in 2024 <br />WHEREAS, the Elk River City Council has reviewed the City's anticipated expenditures <br />for all funds in 2024; and, <br />WHEREAS, the Elk River City Council has considered projected revenues for all funds in <br />2024; 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 2024: <br />Levy <br />General Fund $ 14,917,700 <br />Library 79,000 <br />2020A GO CIP Bond 608,709 <br />2021A GO CIP/Equipment Bond 392,023 <br />Economic Development Tax Abatement 139-900 <br />TOTAL $ 16,137332 <br />Passed and adopted this 4' day of December 2023. <br />ATTEST: n <br />Tina Allard, City Clerk <br />v <br />)L <br />hn .-`Diet21M ayor <br />r0VFRII BY <br />NA TUR <br />