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City <br />El*_ <br />— <br />Resolution 15 -60 <br />Vt r <br />A Resolution of the City of Elk River Authorizing the Proposed Property <br />Tax Levy for Collection in 2016 <br />WHEREAS, the Elk River City Council has reviewed the City's anticipated <br />expenditures for all funds in 2016; and, <br />WHEREAS, the Elk River City Council has considered projected revenues for <br />all funds in 2016; 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 <br />River that the following amounts are the maximum to be levied as <br />property taxes payable in 2016: <br />Le�� <br />General Fund 9,730,900 <br />Library 59,400 <br />Quiet Zone repayment - <br />City Special Assessments 4,221 <br />2010A G.0, Capital Improvement Plan Bonds 366,405 <br />Economic Development Tax Abatement 144,857 <br />TOTAL $ 10,305,783 <br />Passed and adopted by the City Council of the City of Elk River this 21 st <br />day of September, 2015. <br />JoJ. Dietz, i r <br />ATTEST:,,,, <br />Tina Allard, City Clerk <br />9 W I a 1 0 8 T <br />NATUREE] <br />