RES 09-065RESOLUTION 09 b b5
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE PROPOSED PROPERTY TAB LEVY
FOR COLLECTION IN 2Q~ D
WHEREAS, the Elk River City Council has reviewed the City`s anticipated
expenditures for all funds in 2010; and,
WHEREAS, the Elk River City Council has considered projected revenues for
all funds in 2010; and,
V~HEREAS, 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, EE 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 201 D:
L.~
General Fund $ 9,617,967
PERA Employer Rate increase 70,983
Library 58, 850
Surface water Management 50,000
City Special Assessments 16,427
2005 Improvement Bonds 86,800
2007 Improvement Bonds ~ 20,632
2006 Certificate of Indebtedness 59,061
Public Safety Lease Revenue Bands 6D6,341
Economic Development Tax Abatement 395,330
TOTAL $11,112, 391
Passed and adopted by the City Council of the City of E!k River this 7th
day of December, 2009,
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Step ~ anie Klinzing, Mayo
ATTEST:~~~
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Tina Allard, City Clerk