RES 17-78Resor® ligan 07- 78
A Resolution of the City of Elk River Authorizing the Proposed Property Tax
Levy for Collection in 2018
WHEREAS, the Elk River City Council has reviewed the City's anticipated expenditures
for all funds in 2018; and,
WHEREAS, the Elk River City Council has considered projected revenues for all funds in
2018; 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, Minnesota, as follows: The following amounts are to be levied as property taxes
payable in 2018:
Lever
General Fund $ 10,497,800
Library 54,000
2010A G.O. Capital Improvement Plan Bonds 369,500
Economic Development Tax Abatement 142.530
TOTAL $ i80
Passed and adopted this 4`s day of December, 2017.
ATTEST:
Tina Allard, City Clerk
NATURE