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ver <br />City of Elk River <br />City Council <br />Resolution 24-SS <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 />Li bra ry <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 day of <br />ATTEST: <br />Tina Allard, City Clerk <br />2024. <br />Levy <br />$16,114, 050 <br />79,000 <br />604,771 <br />394,123 <br />140,239 <br />$17, 332,183 <br />John J. Dietz, Mayor <br />POWERED R1 <br />NAMR <br />Page 210 of 381 <br />