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RE~oL~TIaNO~- <br />A RESaLUTiQN FaR THE CITY aF ELC~ Ri~ER <br />A RE~aLUTIaN A~uTHaRIZING Tf~E PRaPOSED PROPERTY TAB LEVY <br />FaR CaLLECTIaN iN 200 <br />WHEREAS, the Elk River City Council has reviewed the City's anticipated <br />expenditures for all funds in 201 D; and, <br />WHEREAS, the Elk River City Counci! has considered projected revenues for <br />all funds in 2010; and, <br />wHEREaS, revenues from sources other than property taxes are not sufficient <br />to meet anticipated expenditures of all funds; and, <br />wHEI~EAS, debt levies have been adjusted or cancelled based on revenue <br />collections and projections, <br />N®w, TFiER.EPaRE, BE IT RE5aLUED by the City Council of the City of Elk River that <br />the following amounts are the maximum to be levied as property taxes <br />payable in 2010; <br /> L~ <br />General Fund ~ - <br />PERA Emp over Rate Increase 70,983 <br />Library 58,550 <br />Surface vllater Management 50,000 <br />City Special Assessments 16,427 <br />2005 Improvement Bonds 56,800 <br />2007 Improvement Bonds 120,632 <br />2006 Certificate of Indebtedness 89,061 <br />Public Safety Lease Revenue Bonds 606,341 <br />Economic Development Tax Abatement 395,330 <br />TOTAL $ <br />Passed and adopted by the City Council of the City of Elk River this ~th <br />day of September, 2009 <br />ATTEST; <br />Stephanie Klin~ing, Mayar <br />Tina Allard, City Clerk <br />