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RESOLUTION 11 - 51 <br />• A RESOLUTION FOR THE CITY OF ELK RIVER <br />A RESOLUTION AUTHORIZING THE PROPOSED PROPERTY TAX LEVY <br />FOR COLLECTION IN 2012 <br />WHEREAS, the Elk River City Council has reviewed the City's anticipated <br /> expenditures for all funds in 2012; and, <br />WHEREAS, the Elk River City Council has considered projected revenues for <br /> all funds in 2012; 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 2012: <br /> L~ <br /> General Fund $ 9,728,746 <br />• Library 63,100 <br /> Surface Water Management 50,000 <br /> City Special Assessments 17,090 <br /> 2005 Improvement Bonds 88,600 <br /> 2007 Improvement Bonds 118,400 <br /> G.O. capital improvement plan bonds 617,951 <br /> Economic Development Tax Abatement 428,504 <br /> TOTAL $11,112, 391 <br />Passed and adopted by the City Council of the City of Elk River this 12th <br />day of September, 2011. t <br />Jo J. D'' tz, May r <br />ATTEST: <br />`~ _ <br />Tina Allard, City Clerk <br />• <br />