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RESOLUTION 96- 81 <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, 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 $4,550,000 <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 /> <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 <br /> <br />2,965,300 $ 499,397 <br />54,950 9,254 <br />32,572 5,486 <br />294,100 49,530 <br />33,577 5,655 <br />68,586 11,551 <br />13,000 2,189 <br />24,393 4,108 <br />26,327 4,434 <br />26,250 4,421 <br />31,000 5,221 <br /> <br /> Net Levy <br />$2,465 903 <br /> 45 696 <br /> 27 086 <br /> 244 570 <br /> 27 922 <br /> 57 035 <br /> 10 811 <br /> 20 285 <br /> 21 893 <br /> 21 829 <br /> 25 779 <br /> <br />TOTAL $ 3,570,055 $ 601,246 $2,9~,8,809 <br /> <br />Passed and adopted by the City Council of the City of Elk River this Ninth <br />day of September, 1996. <br /> <br /> -I~nry Ac~:)uitsman, Mayor <br /> <br />ATTE,~T: <br /> <br />Sandra A. Thackeray, City ~lerk <br /> <br /> <br />