RES 21-65Resolution 21-65
A Resolution of the City of Elk River Authorizing the Preliminary Property
Tax Levy for Collection in 2022
WHEREAS, the Elk River City Council is required to establish a preliminary tax levy for
taxes payable in 2022 by September 30,2021 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 2022; and,
WHEREAS, the Elk River City Council has considered projected revenues for all funds in
2022; 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 2022:
Levy
General Fund $ 13,357,700
Library 75,950
2020B G.O. CIP Refunding Bonds 602,650
Economic Development Tax Abatement 97.800
TOTAL $ 1 1
Passed and adopted this 20`' day of September 2021.
ATTEST:
Tina Allard, City Clerk
ohn I - Di , Mayor
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