94-127 RES
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RESOLUTION 94 - 127
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
$3,732,250 is hereby adopted.
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.
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Gross Levy
$2,286,082
50,600
32,572
29,300
210,000
38,331
69,747
18,822
23,437
24,853
25,000
29,000
$2,837,744
General Fund
Library
Dam Loan
1977 G.O. Refunding
Surface Water Management
City Special Assessments
1989 Fire Equipment
1991 Certificate ofIndebtedness
1992 Certificate of Indebtedness
1993 Certificate ofIndebtedness
1994 Certificate of Indebtedness
1995 Certificate of Indebtedness
TOTAL
HACA Reduction
$494,957
10,955
7,052
6,344
45,467
8,299
15,101
4,075
5,074
5,381
5,413
6,279
$614,397
Net Levy
$1,791,125
39,645
25,520
22,956
164,533
30,032
54,646
14,747
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 ~day of
December, 1994.
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Sandra A. Thackeray, City Clerk