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RESOLUTION 09 b b5 <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br />A RESOLUTION AUTHORIZING THE PROPOSED PROPERTY TAB LEVY <br />FOR COLLECTION IN 2Q~ D <br />WHEREAS, the Elk River City Council has reviewed the City`s anticipated <br /> expenditures for all funds in 2010; and, <br />WHEREAS, the Elk River City Council has considered projected revenues for <br /> all funds in 2010; and, <br />V~HEREAS, revenues from sources other than property taxes are not sufficient <br /> to meet anticipated expenditures of all funds; and, <br />WHEREAS, debt levies have been adjusted or cancelled based on revenue <br /> collections and projections. <br />NOW, THEREFORE, EE 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 201 D: <br /> L.~ <br /> General Fund $ 9,617,967 <br /> PERA Employer Rate increase 70,983 <br /> Library 58, 850 <br /> Surface water Management 50,000 <br /> City Special Assessments 16,427 <br /> 2005 Improvement Bonds 86,800 <br /> 2007 Improvement Bonds ~ 20,632 <br /> 2006 Certificate of Indebtedness 59,061 <br /> Public Safety Lease Revenue Bands 6D6,341 <br /> Economic Development Tax Abatement 395,330 <br /> TOTAL $11,112, 391 <br />Passed and adopted by the City Council of the City of E!k River this 7th <br />day of December, 2009, <br />~ h <br />~~' 1 r 1 r <br />~ ~~ ~, <br />~.: <br />Step ~ anie Klinzing, Mayo <br />ATTEST:~~~ <br />r~' ,~ <br />Tina Allard, City Clerk <br />