RES 10-63r
RESOLUTION 10 - 63
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE PROPOSED PROPERTY TAX LEVY
FOR COLLECTION IN 2011
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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:
LAC
General Fund $ 9,665,436
PERA Employer Rate Increase 93,077
Library 63,100
Surface Water Management 50,000
City Special Assessments 17,767
2005 Improvement Bonds 85,100
2007 Improvement Bonds 119,516
G.O. capital improvement plan bonds 591,142
Economic Development Tax Abatement 427,253
TOTAL $11,112,391
Steph ie Klinzing, Mayor
ATTEST:
Tina Allard, City Clerk
Passed and adopted by the City Council of the City of Elk River this 6th
day of December, 2010.
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