RES 10-46RESOLUTION 10 - 46
• A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE PROPOSED PROPERTY TAX LEVY
FOR COLLECTION IN 2011
WHEREAS, the Elk River City Council has reviewed the City's anticipated
expenditures for all funds in 2011; and,
WHEREAS, the Elk River City Council has considered projected revenues for
all funds in 2011; and,
WHEREAS, revenues from sources other than property taxes are not sufficient
to meet anticipated expenditures of all funds; and,
WHEREAS, debt levies have been adjusted or cancelled based on revenue
collections and projections.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River that
the following amounts are the maximum to be levied as property taxes
payable in 2011:
• General Fund
PERA Employer Rate Increase
Library
Surface Water Management
City Special Assessments
2005 Improvement Bonds
2007 Improvement Bonds
Public Safety Lease Revenue Bonds
Economic Development Tax Abatement
TOTAL
Lev
$ 9,665,436
93,077
63,100
50,000
17,767
85,100
119,516
591,142
427,253
$11,112,391
Passed and adopted by the City Council of the City of Elk River this 13th
day of September, 2010.
~ w
Stephanie linzing, Mayor
ATTEST;
Tina/Allard, City Clerk