02-083 RESRESOLUTION 02- 83
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE PROPOSED PROPERTY TAX LEVY
FOP, COLLECTION IN ZOO.3
WHEREAS,
the Elk River City Council has reviewed the City's anticipated
expenditures for all funds in 2003; and,
WHEREAS, the Elk River City Council has considered projected revenues for
all funds in 2003; 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 2003:
General Fund
Street Replacement
Library
Surface Water Management
City Special Assessments
1994 Storm Sewer Bonds
2003 Certificate of Indebtedness
2000 Certificate of Indebtedness
1999 Certificate of Indebtedness
PERA Employer Rate Increase
Public Safety Lease Revenue Bonds
Economic Development Tax Abatement
TOTAL
Levy
$4,580,083
150,000
69,000
175,000
25,298
115,233
140,000
41,088
35,032
9,713
634,000
5,714
$5,98o,161
Passed and adopted by the City Council of the City of Eik River this 9th
day of September, 2002.
v Steph~i Klinzing, MaW '
ATTEST:
Sandra A. Peine, City Clerk
LEVY SAMPLE
FOR TAXES PAYABLE 2003
General Fund*
Street Replacement
Library*
Surface Water Mgmt.
City Special Assessments
1994 Storm Sewer Bonds
2003 Certificate of Indebtedness
2000 Certificate of Indebtedness
1999 Certificate of Indebtedness
PERA Employer Rate Increase
Public Safety Lease Rev. Bonds
Economic Development Tax Abatement
* Levy subject to change based on approved budget.
Net
Levy
$ 4,580,083
150 000
69 000
175 000
25 298
115 233
140000
41088
35032
9 713
634,000
5,714
$ 5,980,161
Limited
Levy
$ 4,974,083
Levy
Limit
4,974,083
NTC Net Levy Tax Rate
Payable 2002 11,739,030 5,118,288 43.600%
Proposed NTC per County 9/4/02
2002 Tax Rate
13,434,639
13,434,639
5,980,161
5,857,503
44.513%
43.600%
122,658
EDA
Taxable MV per County 9/4/02
HRA
Taxable MV per County 9/4/02
Market Value
996,907,800
1,156,956,800
996,907,800
1,156,956,800
Levy %
0.01813%
0.01813%
0.0131%
0.01310%
Total Levy
180,739.38
209,756.27
130,594.92
151,561.34
9/9/02
Taxlevy.xls