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RESOLUTION 97- 94 <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />A RESOLUTION AUTHORIZING THE PROPOSED MAXIMUM TAX LEVY <br /> FOR CALENDAR YEAR 1998 <br /> <br />WHEREAS, the Elk River City Council has review the City's anticipated <br /> expenditures for all funds in 1998; and, <br /> <br />WHEREAS, The Elk River City Council has considered projected revenues for <br /> all f~nds in 1998; 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 $4,977,200 <br /> is hereby adopted. <br /> <br />BE IT FURTHER RESOLVED by the City Council of the City of Elk River that the <br /> <br />following amounts are the maximum to be levied as property taxes <br />payable in 1998: <br /> <br />General Fund <br />Library <br />Dam Loan <br />Development Fund <br />Surface Water Management <br />Matching Grants <br />1994 Storm Sewer Bonds <br />City Special Assessments <br />1989 Fire Equipment <br />1994 Certificate of Indebtedness <br />1995 Certificate of Indebtedness <br />1996 Certificate of Indebtedness <br />1997 Certificate of Indebtedness <br />1998 Certificate of Indebtedness <br /> <br />Gross Levy <br /> <br />$ 3,230,754 <br />54,950 <br />32,572 <br />125,000 <br />51 473 <br />58 432 <br />117 627 <br />24 682 <br />70 424 <br />23 124 <br />24 694 <br />2O 739 <br />32 673 <br />35 000 <br /> <br /> HACA <br />Reduction <br />$ 497,911 <br /> 8,469 <br /> 5,020 <br /> 19,265 <br /> 7,933 <br /> 9,005 <br /> 18,129 <br /> 3,804 <br /> 10,854 <br /> 3,564 <br /> 3,806 <br /> 3,196 <br /> 5,035 <br /> 5,394 <br /> <br /> Net Levy <br />$2,732,843 <br /> 46 481 <br /> 27 552 <br /> 105 735 <br /> 43 540 <br /> 49 427 <br /> 99 498 <br /> 20 878 <br /> 59 570 <br /> 19 560 <br /> 20 888 <br /> 17,543 <br /> 27,638 <br /> 29,606 <br /> <br />TOTAL 3,902,144 601,385 3,300,759 <br /> <br />Passed and adopted by the City Council of the City of Elk River this 8th <br />day of September, 1997 .. , <br /> <br />ATTESt': <br /> <br />Sa~dra A.-Thackeray, Cit~ Clerk ,~ <br /> <br /> <br />