96-081 RESRESOLUTION 96- 81
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE PROPOSED MAXIMUM TAX LEVY
+ FOR CALENDAR YEAR 1997
WHEREAS, the Elk River City Council has review the City's anticipated
expenditures for all funds in 1997; and,
WHEREAS, The Elk River City Council has considered projected revenues for
all funds in 1997; 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 $4,550,000
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 1997.
General Fund
Library +
Dam Loan
SWM/Development Fund
City Special Assessments
1989 Fire Equipment
1993 Certificate of Indebtedness
1994 Certificate of Indebtedness
1995 Certificate of Indebtedness
1996 Certificate of Indebtedness
1997 Certificate of Indebtedness
HACA
Gross Levy Reduction
2,965,300 $ 499,397
54,950 9,254
32,572 5,486
294,100 49,530
33,577 5,655
68,586 11,551
13,000 2,189
24,393 4,108
26,327 4,434
26,250 4,421
31,000 5,221
Net Levy
$2,465 903
45 696
27 086
244 570
27 922
57 035
10 811
20 285
21 893
21 829
25 779
TOTAL $ 3,570,055 $ 601,246 $2,9~,8,809
Passed and adopted by the City Council of the City of Elk River this Ninth
day of September, 1996.
-I~nry Ac~:)uitsman, Mayor
ATTE,~T:
Sandra A. Thackeray, City ~lerk