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Of <br />WWI <br />Resolution 20 - 95 <br />A Resolution of the City of Elk River Authorizing the Proposed Property Tax <br />Levy for Collection in 2021 <br />WHEREAS, the Elk River City Council has reviewed the City's anticipated expenditures <br />for all funds in 2021; and, <br />WHEREAS, the Elk River City Council has considered projected revenues for all funds in <br />2021; 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 2021: <br />Levy <br />General Fund $ 12,315,000 <br />Library 71,500 <br />2010A G.O. Capital Improvement Plan Bonds 618,870 <br />Economic Development Tax Abatement 98,450 <br />TOTAL $ 1 .103.820 <br />Passed and adopted this 7r' day of December 2020. <br />Wirnij-Dietz,,�Ia3or <br />ATTL 'T: <br />Jes -ic l 'filler, DeputykUty Clerk <br />P 0 N E R E 0 R I <br />NATURE <br />