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RESOLUTION 07 - <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br />A RESOLUTION AUTHORIZING THE PROPERTY TAX LEVY <br />FOR COLLECTION IN 2008 <br />WHEREAS, the Elk River City Council has reviewed the City's anticipated <br />expenditures for all funds in 2008; and, <br />WHEREAS, the Elk River City Council has considered projected revenues for <br />all funds in 2008; and, <br />WHEREAS, the Elk River City Council has held a public hearing and received <br />public input on the tax levy. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River that <br />the following amounts be levied as property taxes payable in 2008. <br /> Levy <br />General Fund $ 9,139,350 <br />Library 78,350 <br />Surface Water Management 100,000 <br />City Special Assessments 18,286 <br />1994 Storm Sewer Bonds 117,380 <br />2005 Improvement Bonds 89,900 <br />2007 Improvement Bonds 122,864 <br />2007 Certificate of Indebtedness 112,226 <br />2006 Certificate of Indebtedness 95,869 <br />2005 Certificate of Indebtedness 155,478 <br />Public Safety Lease Revenue Bonds 634,440 <br />Economic Development Tax Abatement 97,168 <br />TOTAL $10,761,311 <br />Passed and adopted by the City Council of the City of Elk River this 17th <br />day of December, 2007. <br />Stephanie Klinzing, Mayor <br />ATTEST: <br />Tina Allard, City Clerk <br />