RES 05-105
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RESOLUTION 05 - 105
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE PROPOSED PROPERTY TAX LEVY
FOR COLLECTION IN 2006
WHEREAS, the Elk River City Council has reviewed the City's anticipated
expenditures for all funds in 2006; and,
WHEREAS, the Elk River City Council has considered projected revenues for
all funds in 2006; 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 that
the following amounts are the maximum to be levied as property taxes
payable in 2006:
.
1&YY
$ 7,220,536
69,000
175,000
17,915
112,125
131,566
86,900
120,000
167,210
90,183
630,165
3,193
$8,823,793
General Fund
Library
Surface Water Management
City Special Assessments
1994 Storm Sewer Bonds
2003 Improvement Bonds
2005 Improvement Bonds
2006 Certificate of Indebtedness
2005 Certificate of Indebtedness
2004 Certificate of Indebtedness
Public Safety Lease Revenue Bonds
Economic Development Tax Abatement
TOTAL
Passed and adopted by the City Council of the City of Elk River this 12th
day of September, 2005.
ATTEST:
i~
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05-105