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<br />RESOLUTION 94 - 94
<br />
<br />A RESOLUTION FOR THE CITY OF ELK RIVER
<br />
<br />A RESOLUTION AUTHORIZING THE PROPOSED TAX LEVY FOR
<br />CALENDAR YEAR 1995
<br />
<br />WHEREAS, the Elk River City Council has reviewed the City's
<br />anticipated expenditures for all funds in 1995; and,
<br />
<br />WHEREAS, the Elk River City Council has considered projected revenues
<br />for all funds in 1995; and,
<br />
<br />WHEREAS, revenues from sources other than property taxes are not
<br />sufficient to meet anticipated expenditures of all funds.
<br />
<br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
<br />Elk River that the proposed General Fund Budget in the
<br />amount of $3,807,700 is hereby adopted.
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<br />BE IT FURTHER RESOLVED by the City Council of the City of Elk River
<br />that the following amounts be levied as property taxes
<br />payable in 1995.
<br />
<br />General Fund
<br />Library
<br />Dam Loan
<br />1977 G.O. Refunding
<br />Surface Water Management
<br />City Special Assessments
<br />1989 Fire Equipment
<br />1991 Certificate of Indebtedness
<br />1992 Certificate of Indebtedness
<br />1993 Certificate of Indebtedness
<br />1994 Certificate of Indebtedness
<br />1995 Certificate of Indebtedness
<br />TOTAL
<br />
<br />Gross Levy
<br />$2,256,082
<br />50,600
<br />32,572
<br />29,300
<br />240,000
<br />38,331
<br />69,747
<br />18,822
<br />23,437
<br />24,853
<br />25,000
<br />29,000
<br />$2,837,744
<br />
<br />HACA Reduction
<br />$487,379
<br />10,955
<br />7,052
<br />6,344
<br />51,962
<br />8,299
<br />15,101
<br />5,158
<br />5,074
<br />5,381
<br />5,413
<br />6,279
<br />$614,397
<br />
<br />Net Levy
<br />$1,768,703
<br />39,645
<br />25,520
<br />22,956
<br />188,038
<br />30,032
<br />54,646
<br />13,664
<br />18,363
<br />19,472
<br />19,587
<br />22,721
<br />$2,223,347
<br />
<br />Passed and adopted by the City Council of the City of Elk River this 12th day
<br />of September, 1994.
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