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E <br />,ve. <br />Resolution 15-73 <br />r . <br />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 leave. been adjusted or cancelled Lased on revenue <br />collections and projections. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br />Diver that the following amounts are the maximum to be levied as <br />property taxes payable in 2016: <br />Levy <br />General Fund $ 9,596,850 <br />Library 59,400 <br />Quiet Zone improvements - <br />City Special Assessments 4,221 <br />2010A G.O. Capital Improvement Plan Bonds 366,405 <br />Economic Development Tax Abatement 144,857 <br />TOTAL $ 10,171,733 <br />Passed and adopted by the City Council of the City of Elk River this 7th <br />day of December, 2015. ,, <br />Jo �. Die 2 1 ayc <br />ATTEST: <br />Tina Allard, City Clerk <br />