RES 20-58City of
Elk
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Resolution 20- 58
A Resolution of the City of Elk River Authorizing the Preliminary Property
Tax Levy for Collection in 2021
WHEREAS, the Elk River City Council is required to establish a preliminary tax levy for
taxes payable in 2021 by September 30,2020 and certify the preliminary tax levy to the
Sherburne County Auditor; and,
WHEREAS, the Elk River City Council has reviewed the City's anticipated expenditures
for all funds in 2021; and,
WHEREAS, the Elk River City Council has considered projected revenues for all funds in
2021; 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 the maximum to be levied as
property taxes payable in 2021:
Levy
General Fund $ 12,522,100
Library 71,500
2010A G.O. Capital Improvement Plan Bonds 618,870
2012A G.O. Capital Improvement Plan Bonds 200,000
Economic Development Tax Abatement 98,450
TOTAL $
Passed and adopted this 21" day of September 2020.
Jo 4�. *�Ctz,*or
ATTEST: (P
Tina Allard, City Clerk
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