RES 22-72u
Resolution 22-72
A Resolution of the City of Elk River Authorizing the Proposed Property Tax
Levy for Collection in 2023
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 to be levied as property taxes
payable in 2023:
Levy=
General Fund $ 13,893,000
Library 75,000
2020A GO CIP Bond 606,346
2021A GO CIP/Equipment Bond 389,135
Economic Development Tax Abatement 131.475
TOTAL $ 15,094,956
Passed and adopted this 5`' day of December 2022.
11 J. ietz, IG or
ATTEST:
Tina Allard, 6ty Clerk
P 0 w E R I I I I
NATuR