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<br />. <br /> <br />RESOLUTION 05 - 105 <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />A RESOLUTION AUTHORIZING THE PROPOSED PROPERTY TAX LEVY <br />FOR COLLECTION IN 2006 <br /> <br />WHEREAS, the Elk River City Council has reviewed the City's anticipated <br />expenditures for all funds in 2006; and, <br /> <br />WHEREAS, the Elk River City Council has considered projected revenues for <br />all funds in 2006; and, <br /> <br />WHEREAS, revenues from sources other than property taxes are not sufficient <br />to meet anticipated expenditures of all funds; and, <br /> <br />WHEREAS, debt levies have been adjusted or cancelled based on revenue <br />collections and projections. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River that <br />the following amounts are the maximum to be levied as property taxes <br />payable in 2006: <br /> <br />. <br /> <br />1&YY <br />$ 7,220,536 <br />69,000 <br />175,000 <br />17,915 <br />112,125 <br />131,566 <br />86,900 <br />120,000 <br />167,210 <br />90,183 <br />630,165 <br />3,193 <br /> <br />$8,823,793 <br /> <br />General Fund <br />Library <br />Surface Water Management <br />City Special Assessments <br />1994 Storm Sewer Bonds <br />2003 Improvement Bonds <br />2005 Improvement Bonds <br />2006 Certificate of Indebtedness <br />2005 Certificate of Indebtedness <br />2004 Certificate of Indebtedness <br />Public Safety Lease Revenue Bonds <br />Economic Development Tax Abatement <br /> <br />TOTAL <br /> <br />Passed and adopted by the City Council of the City of Elk River this 12th <br />day of September, 2005. <br /> <br />ATTEST: <br /> <br /> <br />i~ <br /> <br />. <br /> <br /> <br />05-105 <br />