RES 15-60City
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Resolution 15 -60
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A Resolution of the City of Elk River Authorizing the Proposed Property
Tax Levy for Collection in 2016
WHEREAS, the Elk River City Council has reviewed the City's anticipated
expenditures for all funds in 2016; and,
WHEREAS, the Elk River City Council has considered projected revenues for
all funds in 2016; 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 2016:
Le��
General Fund 9,730,900
Library 59,400
Quiet Zone repayment -
City Special Assessments 4,221
2010A G.0, Capital Improvement Plan Bonds 366,405
Economic Development Tax Abatement 144,857
TOTAL $ 10,305,783
Passed and adopted by the City Council of the City of Elk River this 21 st
day of September, 2015.
JoJ. Dietz, i r
ATTEST:,,,,
Tina Allard, City Clerk
9 W I a 1 0 8 T
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