87-062 RES
RESOLUTION 87- 62
A RESOLUTION OF THE CITY OF ELK RIVER
.
A RESOLUTION AUTHORIZING TAX LEVIES FOR CALENDAR YEAR 1988
WHEREAS.
the Elk River City Council has reviewed the City's anticipated expenditures
for all funds in 1988; and.
WHEREAS.
the Elk River City Council has considered projected revenues for all
funds in 1988; 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 1988.
Old City Urban Rural Tax New City
General Fund 448.003 268.802
Library 25.031 15.019
Dutch Elm 10.000
Infrastructure Replacement Fund 95.000
Dam Rehabilitation Loan 32.572
1977 G.O. Refunding Bond 19.720 14.280
~80 Improvement Bond 25.000
. . 82 Sewer Equipment Bond 11. 185
1985 G.O. Refunding Bond 130.325
1985 Certificate of Indebt. 15.700
1986 Certificate of Indebt. 26.185
1987 Certificate of Indebt. 28. 850
1988 Certificate of Indebt. 30.600
City Owed Special Assessments 8.200
TOTALS------------------------- 19.720 473.034 283.821 427.897
Passed and adopted by the Elk River City Council this 5th day of October. 1987
!:--h/.c!J C~
~telle E. Gunkel. Mayor
ATTEST:
7?d~ l! )a~
411rtrick D. Klaers. City Administrator
Total
$716.805
40.050
10.000
95.000
32.572
34.000
25.000
11. 185
130.325
15.700
26.185
28. 850
30.600
8.200
1.204.472