RES 18-68ver
A Resolution of the City of Elk River Authorizing the Proposed Property Tau
Levy for Collection in 2019
WHEREAS, the Elk River City Council has reviewed the City's anticipated expenditures
for all funds in 2019; and,
WHEREAS, the Elk River City Council has considered projected revenues for all funds in
2019 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 2019:
Levy
General Fund $ 11,187,400
Library 66,000
2010A G.O. Capital Improvement Plan Bonds 470,130
Economic Development Tax Abatement 160,235
Government Building Reserve 55,000
TOTAL $ 11
Passed and adopted this 3`d day of December 2018 1�)4w
J n J ietz, Ni6yor
ATTEST:
Tina Allard, City Clerk