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RESOLUTION 98- 102
<br />
<br />A RESOLUTION FOR THE CITY OF ELK RIVER
<br />
<br />A RESOLUTION AUTHORIZING THE 1998 PROPOSED PROPERTY TAX LEVY
<br /> FOR COLLECTION IN 1999
<br />
<br />WHEREAS,
<br />
<br />WHEREAS,
<br />
<br />the Elk River City Council has review the City's anticipated
<br />expenditures for all funds in 1999; and,
<br />
<br />the Elk River City Council has considered projected revenues for
<br />all funds in 1999; 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 />
<br />the following amounts are the maximum to be levied as property taxes
<br />payable in 1999:
<br />
<br />General Fund
<br />Lake Orono
<br />Library
<br />Dam Loan
<br />Development Fund
<br />Surface Water Management
<br />City Special Assessments
<br />1989 Fire Equipment
<br />1994 Storm Sewer Bonds
<br />1995 Certificate of Indebtedness
<br />1996 Certificate of Indebtedness
<br />1997 Certificate of Indebtedness
<br />1998 Certificate of Indebtedness
<br />1999 Certificate of Indebtedness
<br />
<br />TOTAL
<br />
<br />Gross Levy
<br />$ 3,489,800
<br /> 100,000
<br /> 62,500
<br /> 32,572
<br /> 135,000
<br /> 59,500
<br /> 17,868
<br /> 71.862
<br /> 114225
<br /> 23 631
<br /> 22 857
<br /> 28 978
<br /> 31 500
<br /> 40 000
<br />
<br /> HACA
<br />Reduction Net Lev)/
<br />
<br />$ 495,862 $2,993,938
<br /> 14,209 85,791
<br /> 8,881 53,619
<br /> 4,628 27,944
<br /> 19,182 115,818
<br /> 8,454 51,046
<br /> 2,539 15,329
<br /> 10,211 61,651
<br /> 16,230 97,995
<br /> 3,358 20,273
<br /> 3,248 19,609
<br /> 4,117 24,861
<br /> 4,476 27,024
<br /> 5,684 34,316
<br />
<br />$ 4,230,293 $ 601,079 $3,629,214
<br />
<br />Passed and adopted by the City Council of the City of Elk River this 14th
<br />day of September, 1998.
<br />
<br />ATT?T:
<br />~;ahdra A.'lSeine, City Clerk
<br />
<br />J
<br />
<br />//¢-I~nry'/f2C_/Duitsman, ° - -
<br />
<br />
<br />
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