RES 24-55City of Elk River
City Council
Resolution 24-55
A Resolution of the City Council of the City of Elk River Adopting the
Preliminary Property Tax Levy for Taxes Payable in 2025
WHEREAS, the Elk River City Council is required to establish a preliminary tax levy for
taxes payable in 2025 by September 30, 2024 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 2025; and,
WHEREAS, the Elk River City Council has considered projected revenues for all funds in
2025; 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 2024:
General Fund
Library
2020A GO CIP Bond
2021A GO CIP/Equipment Bond
Economic Development Tax Abatement
Total Tax Levy
Passed and adopted this 16`' day of SeSe pttember 2024.
ATTF
Tina Allard, City Clerk
Levy
$16,014,050
79,000
604,771
394,123
140,239
$17, 232,183
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A■E6E1 11ATURE