RES 15-73E
,ve.
Resolution 15-73
r .
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 leave. been adjusted or cancelled Lased on revenue
collections and projections.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
Diver that the following amounts are the maximum to be levied as
property taxes payable in 2016:
Levy
General Fund $ 9,596,850
Library 59,400
Quiet Zone improvements -
City Special Assessments 4,221
2010A G.O. Capital Improvement Plan Bonds 366,405
Economic Development Tax Abatement 144,857
TOTAL $ 10,171,733
Passed and adopted by the City Council of the City of Elk River this 7th
day of December, 2015. ,,
Jo �. Die 2 1 ayc
ATTEST:
Tina Allard, City Clerk