HomeMy WebLinkAbout08-127 2009 Budget and Tax Levy
4646 Dakota Street S.E.
Prior Lake, MN 55372-171:t:_~~___,~.___~ ___~.__~_~__~_~__~__
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RESOLUTION 08-127
A RESOLUTION ADOPTING PROPOSED 2009 CITY BUDGETS AND CERTIFYING
PRELIMINARY 2009 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
MOTION BY: Hedberg
SECOND BY: LeMair
WHEREAS, Truth in taxation provisions as specified by state statute requires the Prior Lake City
Council to certify a proposed property tax levy to the Scott County Department of
Taxation; and
WHEREAS, The City Council of the City of Prior Lake anticipates a 2009 General Fund Operating
Budget increase of approximately 2.23%, which would amount to $12,702,974 and
subject to approval by the City Council at its budget adoption proceeding scheduled for
December 15, 2008; and
WHEREAS, The City of Prior Lake's proposed 2009 Enterprise Fund budgets (Water & Sewer,
Water Quality) total an aggregate $4,569,297 excluding transfers; and
WHEREAS, The City of Prior Lake's proposed 2009 Transit Service Fund budget totals $810,120;
and
WHEREAS, The total proposed property tax levy approved has been determined to be $9,881,555;
and
WHEREAS, The City of Prior Lake hereby certifies that the levy certification rate will increase for
payable 2009 property taxes; and
WHEREAS, The proposed City of Prior Lake property tax levy for the year payable 2009 represents
an increase of 5'Y2%; and
WHEREAS, The City Council will consider the 2009 General Operating Budget, Enterprise Fund
Budgets and the Final 2009 Property Tax Levy during its regularly scheduled council
meeting at 6:00 p.m. on Monday December 1, 2008 at 4646 Dakota Street SE, Prior
Lake with a continuation (if necessary) at 6:00 p.m. on December 8,2008.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE that:
1. The recitals set forth above are incorporated herein.
2. That the proposed tax levy be distributed upon the taxable property in said City for the following
purposes in payable 2009:
PurDose
Amount
*
For General City Purposes
Revolving Equipment Fund
G.O. Improvement Bonds '99 (Candy Cove)
G.O. Improvement Bonds '00 (Oak Ridge)
www.cityofpriorlake.com
$7,004,828.00
$250,000.00
$39,000.00
$65,000.00
*
*
*
Phone 952.447.9800 / Fax 952.447.4245
* G.O. Improvement Bonds '01 (Frog Town) $55,000.00
* G.O. Improvement Bonds '02 (Pixie Point) $55,000.00
* G.O. Improvement Bonds '03 (150th Street) $100,000.00
* G.O. Improvement Bonds '04 (Breezy Point) $157,000.00
* G.O. Improvement Bonds '05 (Fish Point) $100,000.00
* CSAH 82 Improvement Appropriation '06 $159,023.00
* G.O. Street Reconstruction Bonds '07 $179,970.00
* G.O. Improvement Bonds '08 (Brooksville Hills I) $91,000.00
* G.O. Building Bonds '05 (EDA) $586,120.00
** Park Refunding Bonds '05 $660,206.00
** Fire Station #2 Referendum Bonds '06 $213,355.00
** Fire Station #1 Refunding Bonds '08 $166,053.00
Total... $9,881,555.00
Note: Single starred funds shall be spread over the entire consolidated City of Prior Lake.
Note: Double starred funds represent market value based referendum taxes and shall be spread over
the entire consolidated City of Prior Lake.
Note: All other bond issues have sufficient fund balances to cover debt requirements.
Passed and adopted this 15th day of September, 2008.
Haugen
Erickson
Hedberg
LeMair
Millar
YES
X
Absent
X
X
X
NO
Haugen
Erickson
Hedberg
LeMair
Millar
{Seal}
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City M n r
City of rior Lake
M\COUNCIL\RESOLUTI\2008\08-127 2009 Budget and Tax Levy,doc