94-094 RES
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RESOLUTION 94 - 94
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE PROPOSED TAX LEVY FOR
CALENDAR YEAR 1995
WHEREAS, the Elk River City Council has reviewed the City's
anticipated expenditures for all funds in 1995; and,
WHEREAS, the Elk River City Council has considered projected revenues
for all funds in 1995; 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 $3,807,700 is hereby adopted.
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BE IT FURTHER RESOLVED by the City Council of the City of Elk River
that the following amounts be levied as property taxes
payable in 1995.
General Fund
Library
Dam Loan
1977 G.O. Refunding
Surface Water Management
City Special Assessments
1989 Fire Equipment
1991 Certificate of Indebtedness
1992 Certificate of Indebtedness
1993 Certificate of Indebtedness
1994 Certificate of Indebtedness
1995 Certificate of Indebtedness
TOTAL
Gross Levy
$2,256,082
50,600
32,572
29,300
240,000
38,331
69,747
18,822
23,437
24,853
25,000
29,000
$2,837,744
HACA Reduction
$487,379
10,955
7,052
6,344
51,962
8,299
15,101
5,158
5,074
5,381
5,413
6,279
$614,397
Net Levy
$1,768,703
39,645
25,520
22,956
188,038
30,032
54,646
13,664
18,363
19,472
19,587
22,721
$2,223,347
Passed and adopted by the City Council of the City of Elk River this 12th day
of September, 1994.
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ATI'EST:
c/~V
Sandra A. Thackeray, City Cler
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