RES 12-67 • RESOLUTION 12 -67
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE PROPOSED PROPERTY TAX LEVY
FOR COLLECTION IN 2013
WHEREAS, the Elk River City Council has reviewed the City's anticipated
expenditures for all funds in 2013; and,
WHEREAS, the Elk River City Council has considered projected revenues for
all funds in 2013;and,
WHEREAS, revenues from sources other than property taxes are not sufficient
to meet anticipated expenditures of all tunds;and,
WfitKtAS, 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 2013:
• Levy
General Fund $ 9,203,085
Library 63,100
Surface Water Management 50,000
City Special Assessments 6,942
2005 Improvement Bonds • 86,500
2012B G.O. Improvement Refunding Bonds 185,569
2010A G.O. Capital Improvement Plan Bonds 364,486
Economic Development Tax Abatement 216,083
TOTAL $ 10,175,765
Passed and adopted by the City Council of the City of Elk River this 3rd
day of December, 2012.
011 ,
J./n J Dietz yor
ATTES :
Tina Allar , City Clerk
•