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City of Elk River <br />City Council <br />Resolution 24-____ <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 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 2025: <br />Passed and adopted this _____ day of _______ 2025. <br />John J. Dietz, Mayor <br />ATTEST: <br />Tina Allard, City Clerk <br />Le vy <br />General Fund $15,626,050 <br />Library 79,000 <br />2020A GO CIP Bond 604,771 <br />2021A GO CIP/Equipment Bond 394,123 <br />Economi c Deve lopment Tax Abate ment 140,239 <br />Total Tax Le vy $16,844,183 <br />Page 180 of 211