8.1. SR 09-08-1997RESOLUTION 97-
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE PROPOSED MAXIMUM TAX LEVY
FOR CALENDAR YEAR 1998
WHEREAS, the Elk River City Council has review the City's anticipated
expenditures for all funds in 1998; and,
WHEREAS, The Elk River City Council has considered projected revenues for
all f~nds in 1998; and,
WHEREAS, revenues from sources other than property taxes are not sufficient
to meet anticipated expenditures of all funds.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River that
the proposed General fund Budget in the amount of $4,977,200
is hereby adopted.
BE IT FURTHER 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 1998:
General Fund
Library
Dam Loan
Development Fund
Surface Water Management
Matching Grants
1994 Storm Sewer Bonds
City Special Assessments
1989 Fire Equipment
1994 Certificate of Indebtedness
1995 Certificate of Indebtedness
1996 Certificate of Indebtedness
1997 Certificate of Indebtedness
1998 Certificate of Indebtedness
Gross Levy
$ 3,230,754
54,950
32,572
125,000
51,473
58,432
117,627
24 682
70 424
23 124
24 694
20 739
32 673
35 000
HACA
Reduction Net Levy
$ 497,911 $2,732,843
8,469 46 481
5,020 27 552
19,265 105 735
7,933 43 540
9,005 49 427
18,129 99 498
3,804 20 878
10,854 59 570
3,564 19 560
3,806 20 888
3,196 17,543
5,035 27,638
5,394 29,606
TOTAL 3,902,144 601,385 3,300,759
Passed and adopted by the City Council of the City of Elk River this 8th
day of September, 1997
ATTEST:
Sandra A. Thackeray, City Clerk
Henry A. Duitsman, Mayor
RESOLUTION 97-
A RESOLUTION FOR THE CITY OF ELK RIVER
a RESOLUTION AUTHORIZING THE PROPOSED MAXIMUM TAX LEVY
FOR CALENDAR YEAR 1998
WHEREAS,
WHEREAS,
the Elk River City Council has review the City's anticipated
expenditures for all funds in 1998; and,
The Elk River City Council has considered projected revenues for
all funds in 1998; and,
WHEREAS, revenues from sources other than property taxes are not sufficient
to meet anticipated expenditures of all funds.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River that
the proposed General fund Budget in the amount of $4,977,200
is hereby adopted.
BE IT FURTHER 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 1998:
Gross Levy
General Fund $ 3,206,538 $ 497,265
Library 54,950 8,522
Dam Loan 32,572 5,051
Development Fund 125,000 19,385
Surface Water Management 51,473 7,982
Matching Grants 58,432 9,062
1994 Storm Sewer Bonds 117,627 18,242
City Special Assessments 24,682 3,828
1989 Fire Equipment 70,424 10,921
1994 Certificate of Indebtedness 23,124 3,586
1995 Certificate of Indebtedness 24,694 3,830
1996 Certificate of Indebtedness 20,739 3,216
1997 Certificate of Indebtedness 32,673 5,067
1998 Certificate of Indebtedness 35,000 5,428
HACA
Reduction Net Levy
$2,709,273
46,428
27,521
105,615
43,491
49,370
99,385
20,854
59,503
19,538
20,864
17,523
27,606
29,572
TOTAL 3,877,928 601,385 3,276,543
Passed and adopted by the City Council of the City of Elk River this 25th
day of August, 1997
ATTEST:
Henry A. Duitsman, Mayor
Sandra A. Thackeray, City Clerk