RES 19-68Resolution 19- 68
A Resolution of the City of Elk River Authorizing the Proposed Property Tax
Levy for Collection in 2020
WHEREAS, the Elk River City Council has reviewed the City's anticipated expenditures
for all funds in 2020; and,
WHEREAS, the Elk River City Council has considered projected revenues for all funds in
2020; 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 2020:
Levi -
General Fund $ 11,938,300
Library 69,000
2010A G.O. Capital Improvement Plan Bonds 619,920
Economic Development Tax Abatement 138,550
Lake Orono Dredging 100.000
TOTAL $ 12.865.770
Passed and adopted this 2nd day of December 2019-
ATTEST:
i
Tina Allard, City Clerk
J
J. ietz, Mayor
IP 0 W E 0 E 0 0 r
FNATLWE