98-102 RESRESOLUTION 98- 102
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE 1998 PROPOSED PROPERTY TAX LEVY
FOR COLLECTION IN 1999
WHEREAS,
WHEREAS,
the Elk River City Council has review the City's anticipated
expenditures for all funds in 1999; and,
the Elk River City Council has considered projected revenues for
all funds in 1999; and,
WHEREAS, revenues from sources other than property taxes are not sufficient
to meet anticipated expenditures of all funds.
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 1999:
General Fund
Lake Orono
Library
Dam Loan
Development Fund
Surface Water Management
City Special Assessments
1989 Fire Equipment
1994 Storm Sewer Bonds
1995 Certificate of Indebtedness
1996 Certificate of Indebtedness
1997 Certificate of Indebtedness
1998 Certificate of Indebtedness
1999 Certificate of Indebtedness
TOTAL
Gross Levy
$ 3,489,800
100,000
62,500
32,572
135,000
59,500
17,868
71.862
114225
23 631
22 857
28 978
31 500
40 000
HACA
Reduction Net Lev)/
$ 495,862 $2,993,938
14,209 85,791
8,881 53,619
4,628 27,944
19,182 115,818
8,454 51,046
2,539 15,329
10,211 61,651
16,230 97,995
3,358 20,273
3,248 19,609
4,117 24,861
4,476 27,024
5,684 34,316
$ 4,230,293 $ 601,079 $3,629,214
Passed and adopted by the City Council of the City of Elk River this 14th
day of September, 1998.
ATT?T:
~;ahdra A.'lSeine, City Clerk
J
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