RES 24-73C ty of
Elk ---,
River
City of Elk River
City Council
Resolution 24-73
A Resolution of the City Council of the City of Elk River Authorizing the
Proposed Property Tax Levy for Collection in 2025
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 to be levied as property taxes
payable in 2025:
Levy
General Fund $15,626,050
Library 79,000
2020A GO CIP Bond 604,771
2021A GO CIP/Equipment Bond 394,121
Economic Development Tax Abatement 140,239
Total Tax Levy $16,844,183
Passed and adopted this 2nd day of December, 2024.
Joniietz, Vyor
ATTEST:
Tina Allard, City Clerk
PD1EAEI I
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