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City of Elk River <br />City Council <br />Resolution 24-55 <br />A Resolution of the City Council of the City of Elk River Adopting the <br />Preliminary Property Tax Levy for Taxes Payable in 2025 <br />WHEREAS, the Elk River City Council is required to establish a preliminary tax levy for <br />taxes payable in 2025 by September 30, 2024 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 2025; and, <br />WHEREAS, the Elk River City Council has considered projected revenues for all funds in <br />2025; 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 2024: <br />General Fund <br />Library <br />2020A GO CIP Bond <br />2021A GO CIP/Equipment Bond <br />Economic Development Tax Abatement <br />Total Tax Levy <br />Passed and adopted this 16`' day of SeSe pttember 2024. <br />ATTF <br />Tina Allard, City Clerk <br />Levy <br />$16,014,050 <br />79,000 <br />604,771 <br />394,123 <br />140,239 <br />$17, 232,183 <br />rI <br />A■E6E1 11ATURE <br />