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RESOLUTION 95-
<br />• A RESOLUTION FOR THE CITY OF ELK RIVER
<br />A RESOLUTION AUTHORIZING THE PROPOSED MAXIMUM TAX LEVY
<br />FOR CALENDAR YEAR 1996
<br />WHEREAS, the Elk River City Council has review the City's anticipated
<br />expenditures for all funds in 1996; and,
<br />WHEREAS, The Elk River City Council has considered projected revenues for
<br />all funds in 1996; and,
<br />WHEREAS, revenues from sources other than property taxes are not sufficient
<br />to meet anticipated expenditures of all funds.
<br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River that
<br />the proposed General fund Budget in the amount of
<br />is hereby adopted.
<br />r
<br />BE IT FURTHER RESOLVED by the City Council of the City of Elk River that the
<br />following amounts are the maximum to be levied as property taxes
<br />payable in 1996.
<br /> HACA
<br /> Gross Levy Reduction Net Levy
<br />General Fund $2,672,868 $ 493,037 $ 2,179,831
<br />• Library 50,600 9,334 41,266
<br />Dam Loan 32,572 6,008 26,564
<br />SWM 241,301 44,530 196,771
<br />City Special Assessments 34,261 6,320 27,941
<br />1989 Fire Equipment 71,973 13,277 58,696
<br />1992 Certificate of Indebtedness 10,000 1,845 8,155
<br />1993 Certificate of Indebtedness 21,368 3,942 17,426
<br />1994 Certificate of Indebtedness 25,535 4,710 20,825
<br />1995 Certificate of Indebtedness 26,250 4,842 21,408
<br />1996 Certificate of Indebtedness 30,000 5,534 24,466
<br />
<br />TOTAL $3,216,728 $ 593,379 $ 2,623,349
<br />Passed and adopted by the City Council of the City of Elk River this fifth
<br />day of September, 1995.
<br />Henry A. Duitsman, Mayor
<br />ATTEST:
<br />Sandra A. Thackeray, City Clerk
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