6.8. SR 12-15-1997~.ty of
iver
MEMORANDUM
Item #6.8.
TO:
FROM:
DATE:
SUBJECT:
Mayor & City Council
Pat Klaers, City Administratpr
December 15, 1997 ~
Consider 1998 Municipal Budget
Resolution and 1998 Tax Levy
Resolution
In September the City Council approved its proposed maximum budget and
tax levy for 1998. The net levy was proposed in the amount of $3,300,759.
This was a $375,450 increase over the adopted 1997 amount. Eighty-four
percent of the tax levy is dedicated toward general fund activities. Almost all
of the tax levy increase proposed for 1998 was for general fund purposes.
The September budget was proposed in the amount of $4,977,200. This was
a 9.73 percent or $441,350 increase over the adopted 1997 budget.
On December 1, 1997, the City Council held its Truth in Taxation public
hearing. No public comments were received at this public hearing. Notices
were sent out to all property owners in the county and a published notice was
put into the Elk River Star News. Figures in the marled notices and in the
newspaper notice were based on the September budget and levy proposal.
Based on these figures, the city tax rate was estimated to increase from
24.683 in 1997 to 26.613 in 1998. In spite of the city tax rate increase, the
total tax rate was estimated to decrease from 112.767 in 1997 to 111.798 in
1998.
At the December 1, 1997, Truth in Taxation meeting, the City Council
discussed a possible reduction in the September general fund tax amount. At
this meeting, the City Council noted that reducing the general fund tax
amount by $149,650 would reduce the proposed tax rate increase at the city
level from 8 percent to 3 percent. Discussion included on how much of a tax
rate reduction, if any, should take place and whether or not some or all of the
$149,650 should be designated for a specific project. All or part of this
amount can be designated for an activity and placed into a reserve if the city
is not going to spend these funds in 1998.
13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425
The September tax amount reflected an 8 percent increase in the city tax
rate. A reduction in this September amount by $149,650 would then reduce
the city tax rate increase to 3 percent. In an earlier budget worksession with
the City Council, the $149,650 was taken out of the general fund tax revenue
line item and further adjustments were made which established a city budget
in the amount of $4,905,250. This is $71,950 less than the September budget
amount. It seems that regardless of the City Council decision on the
$149,650 issue, the budget is fairly well established at the $4,905,250
amount. (This is an 8 percent or $369,400 increase over the adopted 1997
budget.) The Council should note that some of the $149,650 could go back
into the general fund budget ff the City Council wanted to add funds back
into its City Council contingency fund or reduce the reserve allocation that is
in the general fund revenues.
On December 15, 1997, the City Council is asked to adopt a budget resolution
and is also asked to adopt a tax levy resolution. The City Council will need
to decide the tax amount that should be levied in 1998 and this issue centers
on the $149,650 situation. Once the Council makes this tax amount decision,
Assistant City Administrator Lori Johnson will then take a break from the
meeting and prepare the final resolution for Council consideration. The
Council can then approve the tax levy resolution when it is completed and
presented later in the evening.
Attachments
· September 1997, General Fund Revenues
· September 1997, General Fund Expenditures Summary
· September 1997, Tax Levy Resolution for 1998
· November 3, 1997, General Fund Revenues
· November 3, 1997, General Fund Expenditures Summary
· Tax Levy and Rate Information
· Proposed 1998 Budget Resolution
SEPTEMBER 1997
SOURCE OF FUNDS
1995 1996 1997 1998
ACTUAL ACTUAL ADOPTED PROPOSED
GENERAL PROPERTY TAX
INTERGOVERNMENTAL REVENUES
CHARGES FOR SERVICES
FINES & FORFEITS
LICENSES & PERMITS
OTHER REVENUES
TRANSFERS
TOTAL
81,801,547 $2,160,675 $2,441,150 82,782,250
941,211 957,127 1,014,950 1,135,400
392,941 476,632 337,800 321,300
73,058 80,028 77,000 80,000
287,446 439,001 267,000 314,700
157,605 91,852 138,900 136,700
297,600 267,950 259,050 205,450
$3,951,408 $4,473,265 84,535,850 $4,975,800
GENERAL PROPERTY TAX
Ad Valorem Tax
INTERGOVERNMENTAL REVENUES
Local Government Aid
HACA
Local Performance Aid
PERA Aid
Police Relief
Gravel Tax
Urban Street Maintenance
Cops Fast Grant
Police Training Reimbursement
CHARGES FOR SERVICES
GENERAL GOVERNMENT
Administrative Project Fees
Plan Check Fees
Planning & Zoning Fees
Sewer Inspection Fees
Miscellaneous Sales
Assessment Searches
PUBLIC SAFETY
School Liaison
Police Contract
Impound Fees
Fire Calls & Contracts
PUBLIC WORKS
Street Services
RECREATION
Recreation Fees
Softball League Fees
$2,782,250 $2,782,250
265,4OO
506,900
18,550
10,000
109,000
39,500
28,000
152,550
5,500
15,000
102,750
14,500
1,000
2,500
5,000
53,000
3,000
1,300
70,000
3,000
48,900
1,350
1,135,400
321,300
9/8/97
SOURCE OF FUNDS
FINES & FORFEITS
Court Fines
LICENSES & PERMITS
PERMITS
Building Permits
Building Permit Surcharge
Plumbing & Heating Permits
Contractor License Surcharge
Parking Permits
LICENSES
Dog/Cat
Cigarette
Liquor
Amusement
Gas Fitters
Garbage Haulers
Mineral Extraction
Apartment Licenses
Other Business
OTHER REVENUE
Interest
Landfill Surcharge
Contribution-Municipal Utilities
Contribution-Guardian Angels
Refunds & Reimbursements
TRANSFERS
Liquor
Equip & Program Reserve
Street Reserve
Landfill
NSP/RDF Reserve
Sewer
Economic Development Authority
Housing & Redevelopment Authority
TOTAL REVENUES
80,000
80,000
197,250
8OO
45,000
4,700
5OO
1,500
5O0
33,000
2,250
1,500
75O
10,800
9,150
7,OO0
314,700
45,000
9,000
78,000
3,7OO
1,000
136,700
113,450
6,500
35,OOO
19,750
19,750
8,0OO
2,000
1,000
205,450
4,975,800
9/8/97
APPROPRIATIONS SUMMARY
1995 1996 1997 1998
Actual Actual Adopted Proposed
MAYOR & COUNCIL
ADMINISTRATION & FINANCE
ECONOMIC DEVELOPMENT
ELECTIONS
LEGAL
ENGINEERING
BUILDING & ZONING
ENERGY Cl]-Y
PLANNING
PLANNING COMMISSION
DATA PROCESSING
GOVERNMENT BUILDINGS
POLICE
POLICE RESERVE
FIRE
EMERGENCY PREPAREDNESS
STREETS
EQUIPMENT REPAIR & MAINT.
SNOW REMOVAL
STREET LIGHTING
SHADE TREE
PARKS
RECREATION
SR. CITIZEN PROGRAMS
CONTINGENCY
TOTAL
$ 69,227 $ 78,110$ 76,800$ 93,750
431,966 482,735 497,450 534,450
35,512 39,677 31,550 33,750
7,500 19,613 18,500 22,450
52,414 66,919 54,000 63,600
33,440 37,786 34,000 43,000
257,139 292,886 313,750 348,750
- 5,847 30,200 20,200
129,082 139,818 165,700 175,600
6,211 5,341 6,800 7,300
21,724 19,539 36,050 40,700
99,551 111,610 104,000 166,500
1,378,641 1,514,062 1,623,900 1,759,700
26,570 18,177 24,600 28,350
253,318 267,682 278,750 262,100
8,383 11,304 13,350 14,800
404,153 488,664 462,150 495,000
94,898 77,207 99,900 120,250
66,962 107,834 97,850 123,250
1,085 1,203 1,500 1,500
6,188 5,368 11,600 11,600
122,663 110,476 140,550 159,100
134,068 157,439 166,000 .180,600
35,494 37,676 39,300 43,900
14,555 13,260 207,600 227,000
$3,690,744 $4,110,233 $4,535,850 $4,977,200
8/21/97
RESOLUTION 97- 94
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 Lev7
$ 3,230754
54 950
32 572
125 000
51 473
58 432
117627
24 682
70424
23124
24694
20739
32673
35.000
HACA
Reduction
$ 497,911
8,469
5,020
19,265
7,933
9,005
18,129
3,804
10,854
3,564
3,806
3,196
5,035
5,394
Net Lev~
$2,732 843
46 481
27 552
105 735
43.540
49427
99.498
20.878
59 570
19,560
20,888
17,543
27,638
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
A'KI'ESI': _
"Sa~idra A. Thackeray, Cit~ Clerk ,,~
SOURCE OF FUNDS
1995 1996 1997 1998
ACTUAL ACTUAL ADOPTED PROPOSED
GENERAL PROPERTY TAX
INTERGOVERNMENTAL REVENUES
CHARGES FOR SERVICES
FINES & FORFEITS
LICENSES & PERMITS
OTHER REVENUES
TRANSFERS & FUND BALANCE
TOTAL
81,801
941
392
73
287
157
297
$3,951
547
211
941
058
446
605
600
$2,160675
957 127
476 632
80 028
439 001
91 852
267 950
$2,441,150 82,632,600
1,014,950 1,102,550
337,800 347,300
77,000 80,000
267,000 317,950
138,900 142,150
259,050 282,700
408 $4,473,265 $4,535,850 $4,905,250
GENERAL PROPERTY TAX
Ad Valorem Tax
INTERGOVERNMENTAL REVENUES
Local Government Aid
HACA
Local Performance Aid
PERA Aid
Police Relief
Gravel Tax
Urban Street Maintenance
Cops Fast Grant
Police Training Reimbursement
CHARGES FOR SERVICES
GENERAL GOVERNMENT
Administrative Project Fees
Plan Check Fees
Planning & Zoning Fees
Sewer Inspection Fees
Miscellaneous Sales
Assessment Searches
PUBLIC SAFETY
School Liaison
Police Contract
Impound Fees
Fire Calls & Contracts
PUBLIC WORKS
Street Services
RECREATION
Recreation Fees
Softball League Fees
$2,632,600 $2,632,600
241,550
506,900
18,550
10,000
100,000
39,500
28,000
152,550
5,500
15,000
112,750
17,500
1,000
2,500
5,000
60,000
3,OO0
1,300
76,000
3,000
48,900
1,350
1,102,550
347,3OO
11/25/97
SOURCE OF FUNDS
FINES & FORFEITS
Court Fines
LICENSES & PERMITS
PERMITS
Building Permits
Building Permit Surcharge
Plumbing & Heating Permits
Contractor License Surcharge
Parking Permits
LICENSES
Dog/Cat
Cigarette
Liquor
Amusement
Gas Fitters
Garbage Haulers
Mineral Extraction
Apartment Licenses
Other Business
OTHER REVENUE
Interest
Landfill Surcharge
Contribution-Municipal Utilities
Contribution-Guardian Angels
Refunds & Reimbursements
TRANSFERS
Liquor
Equip & Program Reserve
Street Reserve
Landfill
NSP/RDF Reserve
Sewer
Economic Development Authority
Housing & Redevelopment Authority
TOTAL REVENUES
Undesignated Fund Balance
TOTAL SOURCE OFFUNDS
80,000
80,000
198,500
8OO
47,000
4,7O0
5OO
1,500
500
33,000
2,250
1,500
750
10,800
9,150
7,000
317,950
45,000
9,000
78,000
3,700
6,450
142,150
123,450
43,050
40,000
19,750
19,750
8,000
2,000
1,000
257,000
4,879,550
25,700
$4,905,250
11/25/97
APPROPRIATIONS SUMMARY
1995 1996 1997 1998
Actual Actual Adopted Proposed
MAYOR & COUNCIL
ADMINISTRATION & FINANCE
ECONOMIC DEVELOPMENT
ELECTIONS
LEGAL
ENGINEERING
BUILDING & ZONING
ENERGY CITY
PLANNING
PLANNING COMMISSION
DATA PROCESSING
GOVERNMENT BUILDINGS
POLICE
POLICE RESERVE
FIRE
EMERGENCY PREPAREDNESS
STREETS
EQUIPMENT REPAIR & MAINT.
SNOW REMOVAL
STREET LIGHTING
SHADE TREE
PARKS
RECREATION
SR. CITIZEN PROGRAMS
CONTINGENCY
TOTAL
$ 69,227 $ 78,110 $ 76,800 $ 78,900
431,966 482,735 497,450 532,450
35,512 39,677 31,550 33,750
7,500 19,613 18,500 22,050
52,414 66,919 54,000 62,600
33,440 37,786 34,000 42,000
257,139 292,886 313,750 347,650
- 5,847 30,200 20,200
129,082 139,818 165,700 175,100
6,211 5,341 6,800 7,300
21,724 19,539 36,050 40,200
99,551 111,610 104,000 166,500
1,378,641 1,514,062 1,623,900 1,790,300
26,570 18,177 24,600 28,350
253,318 267,682 278,750 273,200
8,383 11,304 13,350 14,800
404,153 488,664 462,150 490,500..
94,898 77,207 99,900 111,650
66,962 107,834 97,850 123,250
1,085 1,203 1,500 1,500
6,188 5,368 11,600 11,600
122,663 110,476 140,550 154,100
134,068 157,439 166,000 191,750
35,494 37,676 39,300 43,900
14,555 13,260 207,600 141,650
$3,690,744 $4,110,233 $4,535,850 $4,905,250
11/25/97
City
7 County IYletro
Andover
Anoka
Ch~mplin
Chsnhassen
Chaska
Ham Lake
Hastings
Lino Lakes
Mounds View
N. St. Paul
Prior Lake
Ramsey
Rosemount
Savage
Shakopee
Stillwater
Vadnais Heights
White Bear Lake Twp.
1996 Population
21 495
17 693
19 838
16 199
14.370
11.030
16.920
13 756
12 789
12 764
13 519
16 431
12 272
15 152
14 292
15 906
12~895
10 703
Average Total
Tax Rate
for 1997
107.37
113.42
116.41
150.80
136.55
103.12
121.30
129.03
136.34
130.37
140.48
108.54
124.05
142.17
133.83
127.70
125.04
123.16
Non Metro
Albert Lea 18,183 114.16
Brsinerd 12,591 111.29
Fairmount 11,337 117.30
Fairbault 18,838 132.75
Fergas Falls 13,079 117.33
Hutchinson 12,587 146.76
Marshall 12,348 113.46
New Uhn 13,881 128.12
N. Mankato 11,561 122.69
Northfield 15,859 119.52
Owatonna 20, 577 121.23
St. Peter 9,789 130.33
Willmar 18,654 130.31
Worthington 10,411 110.25
Becker 1,711 75.49
Big Lake 4,022 111.53
Buffalo 9,114 112.76
Otsego 6,391 125.41
Rogers 1,364 122.62
Zimmerm an 2,022 134.91
ELK RIVER 14,019
Source: September 1997 League of MN Cities Magazine
112.77
s:kadminkcitypop, doc
PRELIMINARY ESTIMATE OF 1998 TAX RATE
Estimated Valuation data received from Sherburne County on October 2, 1997.
Value Year 1996 1997 Percent
Taxes Payable Year 1997 1998 Change
Market Value
565,589,913 646,244,554 14.26%
Total NTC 12,251,909 12,681,358 3.51%
TIF 326,877 278,710 -14.74%
Taxable NTC 11,925,032 12,402,648 4.01%
Estimated Payable 1998 Tax Rate
~lncrease of 7.82% or 1.930 points. I
Levy reduction required to match 1997 Tax Rate of 24.683
26.613%
[ 239,413 J
Estimated Tax Rate is based on SEPTEMBER 8 LEVY RESOLUTION as approved by Council
and estimated Tax Capacity information from Sherburne County.
11/25/97:TAXCOM P.XLS
Classification
Homestead Residential
Commercial/Industrial
(single parcel owner -
applicable to 1997 only)
THE IMPACT OF CLAS'..,. ,CATION RATE CHANGES
Estimated Property Tax Data Based on Approved Proposed Maximum Tax Levy
Market NTC Tax Rate Property Tax Increase
Value 1997 1998 1997 1998 1997 1998
72,000 720 720 24.683% 26.613% 178 192
75,000 780 750 24.683% 26.613% 193 200
100,000 1,280 1,213 24.683% 26.613% 316 323
125,000 1,780 1,675 24.683% 26.613% 439 446
175,000 2,780 2,600 24.683% 26.613% 686 692
500,000 9,280 8,613 24.683% 26.613% 2,291 2,292
14
7
7
6
6
1
7.82%
3.67%
2.13%
1.46%
0.84%
0.06%
100,000 3,000 2,700 24.683% 26.613% 740 719 (22) -2.96%
150,000 5,300 4,050 24.683% 26.613% 1,308 1,078 (230) -17.61%
250,000 9,900 8,050 24.683% 26.613% 2,444 2,142 (301) -12.33%
500,000 21,400 18,050 24.683% 26.613% 5,282 4,804 (479) -9.06%
1,000,000 44,400 38,050 24.683% 26.613% 10,959 10,126 (833) -7.60%
2,000,000 90,400 78,050 24.683% 26.613% 22,313 20,771 (1,542) -6.91%
Classification
Estimated Property Tax Data Based on 3% INCREASE IN TAX RATE
Market NTC Tax Rate. Property Tax
Value 1997 1998 1997 1998 1997. 1998
Homestead Residential
72,000 720 720 24.683% 25.407% 178 183
75,000 780 750 24.683% 25.407% 193 191
100,000 1,280 1,213 24.683% 25.407% 316 308
125,000 1,780 1,675 24.683% 25.407% 439 426
175,000 2,780 2,600 24.083% 25.407% 686 661
500,000 9,280 8,613 24.683% 25.407% 2,291 2,188
Increase
Commercial/Industrial
(single parcel owner -
applicable to 1997 only)
100,000 3,000 2,700 24.683% 25.407% 740 686
150,000 5,300 4,050 24.683% 25.407% 1,308 1,029
250,000 9,900 8,050 24.683% 25.407% 2,444 2,045
500,000 21,400 18,050 24.683% 25.407% 5,282 4,586
1,000,000 44,400 38,050 24.683% 25.407% 10,959 9,667
2,000,000 90,400 78,050 24.683% 25.407% 22,313 19,830
5
(2)
(8)
(14)
(26)
(102)
This data shows how the changes in the classification rates affect the taxes on individual properties. Because of the decreases
in the class rates for commercial/industrial and higher value residential properties, lower value homes will experience
an increase in taxes while other properties' taxes decrease.
Changes in assessed value would affect the amount of tax paid and the percent change.
(55)
(279)
(398)
(696)
(1,292)
(2,483)
2.93%
-1.03%
-2.49 %
-3.14%
-3.73%
-4.47 %
-7.36%
-21.34%
-16.30%
-13.18%
-11.79%
-11.13%
11/25/97 Page 1
CITY t., -~.K RIVER
TAX INFORMATION
ESTIMATED
Levy Year 1997 1996 1995 1994 1993
Tax Payable Year 1998 1997 1996 1995 1994
Total Levy 3,902,144 3,544,555 3,163,819 2,837,744 2,359,297
Limited Levy 2, 956,151 O O
Special Levy 945,933 O 0
Unlimited Levy 0 3,544,555 3,163,819 2,837,744 2,359,297
HACA & Equalization Aid 601,365 601,246 593,360
Net Levy 3,300,759 2,943,309 2,570,439 2,223,347 1,744,898
Percent Increase(Decrease) 12.14% 14.51% 15.61% 27.42% 11.33%
1992 1991 1990
1993 1992 1991
2,217,797 2,134,349 2,068,852
0 1,750,384 1,652,844
0 383,965 416,008
2,217,797 0 O
614,397 614,399 650,427 592,775 511,677
1,567,370 1,541,574 1,557,175
1.67% -1.10% 11.22%
Gross Levy Distribution
General Fund 2,998,232 2,939,800 2,619,859 2,286,082 2,026,082 1,872,900 1,676,11 2 1,589,453
Library 54,950 54,950 50,600 50,600 41,700 41,700 41,700 41,700
Debt Service (1) 348,963 223,133 219,387 258,490 258,943 270,625 383,965 392,627
SWM (I) 51,473 169,100 241,401 210,OO0
Dam Loan 32,572 32,572 32,572 32,572 32,572 32,572 32,572 32,672
Development Fund 125,000 125,000
Market Value 646,244,554 565,589,913 519,105,699 470,973,1OO 41 8,748,955
Percent Increase 14.26% 8.95% 10,22% 12.47% 4.40%
Total Net Tax Capacity 12,681,358 12,251,909 11,028,524 9,894,097 8,051,412
TIF Tax Capacity 278,710 326,877 333,668 583,834 621,742
Taxable Net Tax Capacity 12,402,648 11,925,032 10,694,856 9,310,263 8,673,154
Percent Increase 4.O1% 11.50% 14.87% 7.35% 1.69%
401,1OO,782 381,819,248 354,456,943
13.16% 7.72%
7,928,363 7,961,31 5 7,653,019
6OO,641 596,61 2 562,270
8,529,004 8,557,927 8,215,289
3.82% 4.17%
TAX RATES
Total Tax Rate
City 26.61 3% 24.683% 24.033% 23.958% 21.902% 20.560% 19.742% 20.690%
County 27.251% 24.392% 23.574% 22.380% 21.807% 19.883% 19.474% 18.226%
School 56.462% 62.359% 54.530% 56,511% 63.103% 61.209% 64.386% 54.938%
HRA 0.632% 0.574% 0.587% 0.606% 0.612% 0.599% 0.31 2% 0.306%
EDA 0.840% 0.759% 0.773% 0.792% 0,793% 0.774% 0.698% 0.685%
Total NTC Rate 111.798% 112.767% 103.497% 104.247% 108.217% 103.025% 104.61 2% 94.845%
School Market Value Rate ? 0.05274% 0.05256% 0.05050% 0.05252% n/a n/a n/a
CITY SHARE OF TOTAL TAX RATE (3)
24.00% 21.50% 22.41% 22.99% 20.24%
Excludes MV levy Excludes MV levy Excludes MV levy
NOTES: (1) The SWM debt levy for taxes payable 1998 is included in Debt Service due to levy limits.
I2) The tax rate Is an estimate based on the 9/8 levy resolution and the 10/2 estimated valuation data from Sherburne County.
(3) This does not include the School market value levy for 1994 and 1995 which would decrease the City's share in 1994 and 1995.
19.91% t8.61% 21.81%
Finance:TAXCOMP. XLS 1:11 PM 11/25/97
RESOLUTION 97 -
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION APPROVING THE 1998 MUNICIPAL
GENERAL FUND BUDGET
WHEREAS,
the City Council annually reviews and adopts a municipal
budget which balances proposed expenditures with
anticipated revenues; and,
WHEREAS,
on September 8, 1997, the City Council adopted Resolution
97-94 which established the proposed maximum levy and
general fund budget for 1998; and,
WHEREAS,
on December 1, 1997~ the City Council, in compliance with
state law, held a public hearing on the proposed 1998 levy
and proposed 1998 budget; and,
WHEREAS,
after due review and consideration, the City Council is now
prepared to adopt its 1998 general fund municipal budget.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Elk River, Minnesota, that it does hereby approve and adopt its 1998
municipal general fund budget in the amount of $4,905,250.
Passed and adopted by the City Council of the City of Elk River, Minnesota,
this 15th day of December 1997.
Henry A. Duitsman, Mayor
ATTEST:
Sandra A. Thackeray, City Clerk
RESOLUTION 97-
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE FINAL 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 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 RESOLVED by the City Council of the City of Elk River that the
following amounts are to be levied as property taxes payable in 1998
General Fund
Infrastructure/Capital Improvements
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
$3,081 104
100 000
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 $2,583,193
- 100,000
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
3,8O6 20,888
3,196 17,543
5,035 27,638
5,394 29,606
TOTAL $ 3,852,494 $ 601,385 $ 3,251,109
Passed and adopted by the City Council of the City of Elk River this 15th
day of December, 1997.
ATTEST:
Henry A. Duitsman, Mayor
Sandra A. Thackeray, City Clerk