85-069 RES
RESOLUTION 85-69
.
A RESOLUTION AUTHORIZING TAX LEVIES
FOR CALENDAR YEAR 1986
WHEREAS ,
the Elk River City Council has reviewed the City's anticipated
expenditures for all funds in 1986; and,
WHEREAS ,
the Elk River City Council has considered projected revenues for
all funds in 1986; and,
WHEREAS ,
revenues from sources other than property taxes are insufficient to
cover anticipated expenditures of all funds.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River
that the following dollar amounts be levied as property taxes
payable in 1985.
General Fund
Library
tR77 G.O. Refundin9
77 Imf. Refundin9
77 Sanitary Sewer.
1979 1II,F". Bond
1900 Iu. Bond
1982 Sewer EquiF.
1982 Cert. of Indebt.
1983 Cert. of Inde~t.
1984 Cert. of Indebt.
Dam Loan
Lawcon GranU
1985 Refunding Bond
Dutch ElIl
Adverti~in9** Economic Development
1986 Cert of Indebt.
HRA
Ci vil DefHI~e
TOTALS
16,489,612
21,324,634
20,839,897
42,164,531
42,164,531
TOTAl..
495,957
38,541
36,300
40,000
16,460
5,000
5,895
7.077
17.073
40,404
16,055
32,572
103,500
77,113
10.000
5.000
23,700
5.000
2,714
978,361
*This levy is for the City's matching share of the Lawcon Grant
**This levy provides fo~ advertising costs related to the Star City Program
~ld City = 29.06
Old Twp. = 18.31
U.P.A. = 24.36
Old City Df
Elk Ri ver
Urban Tax
District
309,973
24,088
21,000
40,000
16,460
77,460
3:34,061
Rural Tax
District
New Cih of
Elk River
185,984
14,453
15,300
5,000
5,895
7,077
17,073
40,404
16,055
32,572
103,500
77 .113
10,000
5,000
23,700
5,000
2,714
200,437 366,403
.
.
.
Passed and adopted by the Elk River City Council this eighteenth day
of November 1985.
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Richard inKle, Mayor
ATTEST: