RES 11-51RESOLUTION 11 - 51
• A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE PROPOSED PROPERTY TAX LEVY
FOR COLLECTION IN 2012
WHEREAS, the Elk River City Council has reviewed the City's anticipated
expenditures for all funds in 2012; and,
WHEREAS, the Elk River City Council has considered projected revenues for
all funds in 2012; 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 2012:
L~
General Fund $ 9,728,746
• Library 63,100
Surface Water Management 50,000
City Special Assessments 17,090
2005 Improvement Bonds 88,600
2007 Improvement Bonds 118,400
G.O. capital improvement plan bonds 617,951
Economic Development Tax Abatement 428,504
TOTAL $11,112, 391
Passed and adopted by the City Council of the City of Elk River this 12th
day of September, 2011. t
Jo J. D'' tz, May r
ATTEST:
`~ _
Tina Allard, City Clerk
•