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City <br />E <br />Resolution 16-fi1— <br />A Resolution of the City of Elk River Authorizing the Proposed Property Tax <br />Levy for Collection in 2017 <br />WHEREAS, the Elk River City Council has reviewed the city's anticipated expenditures <br />for all funds in 2017; and, <br />WHEREAS, the Elk River City Council has considered projected revenues for all funds in <br />2017; and, <br />WHEREAS, revenues from sources other than property taxes are not sufficient to meet <br />anticipated expenditures of all funds; and, <br />WHEREAS, debt levies have been adjusted or cancelled based on revenue collections and <br />projections. <br />NOW, THEREFORE, BE IT RESOLVE© by the City Council of the City of Elk <br />River, Minnesota, as follows: The following amounts are the maximum to be levied as <br />property taxes payable in 2017: <br />Levy <br />General Fund $ 10,052,950 <br />Library 53,650 <br />2010A G.O. Capital Improvement Plan Bonds 308,030 <br />Economic Development Tax Abatement 183,178 <br />TOTAL $ 657.808 <br />Passed and adopted this 19"' day of September 2016. <br />ATTEST: <br />Tina Allard, City Clerk <br /><��- JIt h 6�� <br />ietz, or <br />rr <br />�nrE�E� � <br />U <br />