80-042 RES RESOLUTION 80-42
A RESOLUTION AUTHORIZING TAX
LEVIES FOR CALENDAR YEAR 1981
WHEREAS, The Elk River City Council has reviewed the City's anticipated expenditures
for all funds in 1981; and,
WHEREAS, The Elk River City Council has considered projected revenue for all funds
in 1980; and,
WHEREAS, Revenues from sources other than property taxes are insufficient to cover
anticipated expenditures of all funds.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River that the
following dollar amounts be levied as property taxes payable in 1981 per the
stipulations and requirements of the consolidation agreement between Elk
River Township and the City of Elk River:
Old City of Urban Tax Rural Tax New City of
Elk River District District Elk River Total
General Fund 192,619 78,981 271,600
Library Fund 10,638 4,362 15,000
Dutch Elm 2,837 1,163 4,000
Fire Relief Fund 300 300
1976 Improvement Fund 3,200 3,200
Alki977 G.O. Refunding
Bond Fund 20,600 14,500 35,100
1977 Improvement Re-
funding Bond Fund 57,100 57,100
1977 Sanitary Sewer
Bond Fund 17,600 17,600
1978 Certificate of
Indebtedness Bond
Fund 30,000 30,000
Total 98,500 206,094 84,506 44,800 433,900
Adopted this 5th day of January, 1981.
Mayor
IIIIITEST:
.,_,-,----/L _____ .4.:,/,-4,,,, ,_
Robert C. Middaugh, City dministrator