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RESOLUTION 10 - 46 <br />• A RESOLUTION FOR THE CITY OF ELK RIVER <br />A RESOLUTION AUTHORIZING THE PROPOSED PROPERTY TAX LEVY <br />FOR COLLECTION IN 2011 <br />WHEREAS, the Elk River City Council has reviewed the City's anticipated <br />expenditures for all funds in 2011; and, <br />WHEREAS, the Elk River City Council has considered projected revenues for <br />all funds in 2011; and, <br />WHEREAS, revenues from sources other than property taxes are not sufficient <br />to meet anticipated expenditures of all funds; and, <br />WHEREAS, debt levies have been adjusted or cancelled based on revenue <br />collections and projections. <br />NOW, THEREFORE, BE IT RESOLVED 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 2011: <br />• General Fund <br />PERA Employer Rate Increase <br />Library <br />Surface Water Management <br />City Special Assessments <br />2005 Improvement Bonds <br />2007 Improvement Bonds <br />Public Safety Lease Revenue Bonds <br />Economic Development Tax Abatement <br />TOTAL <br />Lev <br />$ 9,665,436 <br />93,077 <br />63,100 <br />50,000 <br />17,767 <br />85,100 <br />119,516 <br />591,142 <br />427,253 <br />$11,112,391 <br />Passed and adopted by the City Council of the City of Elk River this 13th <br />day of September, 2010. <br />~ w <br />Stephanie linzing, Mayor <br />ATTEST; <br />Tina/Allard, City Clerk <br /> <br />