93-047 RES
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RESOLUTION 93 - !:!L
RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE PROPOSED TAX LEVY
FOR CALENDAR YEAR 1994
WHEREAS, the Elk River City Council has reviewed the City's anticipated
expenditures for all funds in 1994; and,
WHEREAS, the Elk River City Council has considered projected revenues for
all funds in 1994; and,
WHEREAS, revenues from sources other than property taxes are insufficient 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
is hereby adopted.
BE IT FURTHER RESOLVED by the Elk River City Council of the City of Elk River
that the following amounts be levied as property taxes payable in 1994.
General Fund
Library
Dam Loan
1977 G. O. Refunding
1989 Fire Equipment
1990 Certificate of Indebtedness
1991 Certificate ofIndebtedness
1992 Certificate of Indebtedness
1993 Certificate ofIndebtedness
1994 Certificate ofIndebtedness
City Special Assessments
TOTAL
Gross
1m
$2,069,582
41,700
32,572
30,800
67,143
17,000
25,266
24,550
34,884
28,000
31,300
$2,402,797
Net
~
$1,540,388
31,037
24,243
23,297
49,974
12,653
18,805
18,273
25,964
20,840
23,297
$1,788,398
HACA
Reduction
$529,194
10,663
8,329
7,876
17,169
4,347
6,461
6,277
8,920
7,160
8,003
$614,399
Passed and adopted by the City Council of the City of Elk River this I day of
September, 1993.
ATTEST:
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Sandra Thackeray, City Clerk