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RESOLUTION 96- <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />A RESOLUTION AUTHORIZING THE PROPOSED MAXIMUM TAX LEVY <br /> FOR CALENDAR YEAR 1997 <br /> <br />WHEREAS, the Elk River City Council has review the City's anticipated <br /> expenditures for all funds in 1997; and, <br /> <br />WHEREAS, The Elk' River City Council has considered projected revenues for <br /> all funds in 1997; and, <br /> <br />WHEREAS, revenues from sources other than property taxes are not sufficient <br /> to meet anticipated expenditures of all funds. <br /> <br />NOW, THEREFO.~E, BE IT RESOLVED by the City Council of the Cit, y of Elk River that <br /> the proposed General fund Budget in the amount of <br /> is hereby adopted. <br /> <br />BE IT FURTHER RESOLVED by the City Council of the City of Elk River that the <br /> <br />following amounts are the maximum to be levied as property taxes <br />payable in 1997. <br /> <br />General Fund <br />Library <br />Dam Loan <br />SWM/Development Fund <br />City Special Assessments <br />1989 Fire Equipment <br />1993 Certificate of Indebtedness <br />1994 Certificate of Indebtedness <br />1995 Certificate of Indebtedness <br />1996 Certificate of Indebtedness <br />1997 Certificate of Indebtedness <br /> <br /> HACA <br />Gross Levy Reduction Net Levy <br />$ 2,965,300 $ 499,397 $2,465 903 <br />54,950 9,254 45 896 <br />32,572 5,486 27 086 <br />294,100 49,530 244 570 <br />33,577 5,655 27 922 <br />68,586 11,551 57 035 <br />13,000 2,189 10 811 <br />24,393 4,108 20 285 <br />26,327 4,434 21 893 <br />26,250 4,421 21 829 <br />31,000 5,221 25 779 <br /> <br />TOTAL $ 3,570,055 $ 601,246 $2,968,809 <br /> <br />Passed and adopted by the City Council of the City of Elk River this ¢ ~ ' <br />day of September, 1996. <br /> <br />ATTEST: <br /> <br />Henry A. Duitsman, Mayor <br /> <br />Sandra A. Thackeray, City Clerk <br /> <br /> <br />