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ver <br />A Resolution of the City of Elk River Authorizing the Proposed Property Tau <br />Levy for Collection in 2019 <br />WHEREAS, the Elk River City Council has reviewed the City's anticipated expenditures <br />for all funds in 2019; and, <br />WHEREAS, the Elk River City Council has considered projected revenues for all funds in <br />2019 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 RESOLVED by the City Council of the City of Elk <br />River, Minnesota, as follows: The following amounts are to be levied as property taxes <br />payable in 2019: <br />Levy <br />General Fund $ 11,187,400 <br />Library 66,000 <br />2010A G.O. Capital Improvement Plan Bonds 470,130 <br />Economic Development Tax Abatement 160,235 <br />Government Building Reserve 55,000 <br />TOTAL $ 11 <br />Passed and adopted this 3`d day of December 2018 1�)4w <br />J n J ietz, Ni6yor <br />ATTEST: <br />Tina Allard, City Clerk <br />