95-060 RES
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RESOLUTION 95- 60
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE PROPOSED MAXIMUM TAX LEVY
FOR CALENDAR YEAR 1996
WHEREAS, the Elk River City Council has review the City's anticipated
expenditures for all funds in 1996; and,
WHEREAS, The Elk River City Council has considered projected revenues for
all funds in 1996; and,
WHEREAS, revenues from sources other than property taxes are not sufficient
to meet anticipated expenditures of all funds.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River that
the- proposed General fund Budget in the amount of $ 4 , 094 , 750
is hereby adopted.
BE IT FURTHER 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 1996.
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General Fund
Library
Dam Loan
SWM
City Special Assessments
1989 Fire Equipment
1992 Certificate of Indebtedness
1993 Certificate of Indebtedness
1994 Certificate of Indebtedness
1995 Certificate of Indebtedness
1996 Certificate of Indebtedness
Gross Levy
$ 2,619,859
50,600
32,572
241.401
34,261
71,973
10,000
21,368
25.535
26.250
30,000
TOTAL
HACA
Reduction
$ 491.358
9.490
6.109
45,275
6,426
13,499
1.876
4,008
4,789
4.923
5,627
Net Levy
$ 2.128.501
41,110
26.463
1 96. 126
27,835
58.474
8,124
17.360
20.746
21.327
24,373
$ 3,163.819 $ 593.380 $ 2.570,439
Passed and adopted by the City Council of the City of Elk Riverthis fifth
day of September, 1995.
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