98-140 RESRESOLUTION 98-]./+ 0
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE 1998 PROPERTY TAX LEVY
FOR COLLECTION IN 1999
WHEREAS, the Elk River City Council has review the City's anticipated
revenues and expenditures for all funds in 1999; and,
WHEREAS,
revenues from sources other than property taxes are not sufficient
to meet anticipated expenditures of all funds; and,
WHEREAS,
the Elk River City Council has received public input and comment
on the Tax Levy and Budget.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River that
the following amounts are 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
HACA
Gross Lev)/ Reduction Net Levy
$ 3,489,800 $ 495,862 $2,993,938
100,000 14,209 85,791
62,500 8,881 53,619
32,572 4,628 27,944
135,000 19,182 115,818
59,500 8,454 51,046
17,868 2,539 15,329
71,862 10,211 61,651
114,225 16,230 97,995
23,631 3,358 20,273
22,857 3,248 19,609
28,978 4,117 24,861
31,500 4,476 27,024
40,000 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 21 st
day of December, 1998.
ATTESt: ,
//¢-I~nry 7Duitsman, Mayor