97-094 RESRESOLUTION 97- 94
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE PROPOSED MAXIMUM TAX LEVY
FOR CALENDAR YEAR 1998
WHEREAS, the Elk River City Council has review the City's anticipated
expenditures for all funds in 1998; and,
WHEREAS, The Elk River City Council has considered projected revenues for
all f~nds in 1998; 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 $4,977,200
is hereby adopted.
BE IT FURTHER RESOLVED by the City Council of the City of Elk River that the
following amounts are the maximum to be levied as property taxes
payable in 1998:
General Fund
Library
Dam Loan
Development Fund
Surface Water Management
Matching Grants
1994 Storm Sewer Bonds
City Special Assessments
1989 Fire Equipment
1994 Certificate of Indebtedness
1995 Certificate of Indebtedness
1996 Certificate of Indebtedness
1997 Certificate of Indebtedness
1998 Certificate of Indebtedness
Gross Levy
$ 3,230,754
54,950
32,572
125,000
51 473
58 432
117 627
24 682
70 424
23 124
24 694
2O 739
32 673
35 000
HACA
Reduction
$ 497,911
8,469
5,020
19,265
7,933
9,005
18,129
3,804
10,854
3,564
3,806
3,196
5,035
5,394
Net Levy
$2,732,843
46 481
27 552
105 735
43 540
49 427
99 498
20 878
59 570
19 560
20 888
17,543
27,638
29,606
TOTAL 3,902,144 601,385 3,300,759
Passed and adopted by the City Council of the City of Elk River this 8th
day of September, 1997 .. ,
ATTESt':
Sa~dra A.-Thackeray, Cit~ Clerk ,~