RES 22-48Resolution 22-48
A Resolution of the City of Elk River Adopting the Preliminary Property Tax
Levy for Taxes Payable in 2023
WHEREAS, the Elk River City Council is required to establish a preliminary tax levy for
taxes payable in 2023 by September 30, 2022 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 2023; and,
WHEREAS, the Elk River City Council has considered projected revenues for all funds in
2023; 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 2023:
Levi•
General Fund $ 14,000,150
Library 75,000
2020A GO CIP Bond 606,346
2021A GO CIP/Equipment Bond 389,135
Economic Development Tax Abatement 131.475
Total Tax Levy $ 1 2 2 1 6
Passed and adopted this 6`' day of September 2022.
r
John Diet M I -)r
ATTEST:
Tina Allard, City Clerk
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