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ver <br />Resolution 23-39 <br />A Resolution of the City of Elk River Adopting the Preliminary Property Tax <br />Levy for Taxes Payable in 2024 <br />WHEREAS, the Elk River City Council is required to establish a preliminary tax levy for <br />taxes payable in 2024 by September 30, 2023 and certify the preliminary tax levy to the <br />Sherburne County Auditor; and, <br />WHEREAS, the Elk River City Council has reviewed the City's anticipated expenditures <br />for all funds in 2024; and, <br />WHEREAS, the Elk River City Council has considered projected revenues for all funds in <br />2024; 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 2024: <br />Levy <br />General Fund $ 15,421,450 <br />Library 79,000 <br />2020A GO CIP Bond 608,709 <br />2021A GO CIP/Equipment Bond 392,023 <br />Economic Development Tax Abatement 139M <br />Total Tax Levy $ 641.082 <br />Passed and adopted this 18`h day of September 2023. <br />ATTE <br />w Tina Allard, City Clerk <br />J h J. Dlet"z, 1 a r <br />I/ <br />�axERE� �r <br />[NATURE] <br />