RES 06-104
.
RESOLUTION 06 -104
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE PROPOSED PROPERTY TAX LEVY
FOR COLLECTION IN 2007
WHEREAS, the Elk River City Council has reviewed the City's anticipated
expenditures for all funds in 2007; and,
WHEREAS, the Elk River City Council has considered projected revenues for
all funds in 2007; 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 2007:
.
Levv
$ 8,263,032
150,000
100,000
19,255
117,716
85,900
120,000
84,719
161,335
634,359
20,741
$ 9,757,057
General Fund
Library
Surface Water Management
City Special Assessments
1994 Storm Sewer Bonds
2005 Improvement Bonds
2007 Certificate of Indebtedness
2006 Certificate of Indebtedness
2005 Certificate of Indebtedness
Public Safety Lease Revenue Bonds
Economic Development Tax Abatement
TOTAL
Passed and adopted by the City Council of th.e City of Elk Rivr~ .1~.
day of September, 2006. \ I l)
l
.r;
Larry Farber, AC ng ayor
.
ATTEST: ,
(~\ )~
';/jr:7.z-J /?<::- .
Joa~ Schmidt, City Clerk
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06-104