HomeMy WebLinkAbout02-151 RESOLUTION 02-151
ADOPTING PROPOSED CITY BUDGETS AND CERTIFYING
PRELIMINARY 2003 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
MOTION BY: Petersen 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 2003 General Fund
Operating Budget increase of approximately 12.7% which would amount to
$8,636,532.00, and subject to approval by the City Council at its budget adoption
proceeding scheduled for December 2; and
WHEREAS, The City of Prior Lake's proposed 2003 Enterprise Fund budgets total an aggregate
$2,730,120 which include the Water & Sewer Utility, Water Quality Utility and
Transit Services, and
WHEREAS, The total proposed property tax levy approved has been determined to be
$6,062,013.00; and
WHEREAS, The City of Prior Lake hereby certifies that the levy certification rate will increase
for payable 2003 property taxes; and
WHEREAS, The proposed City of Prior Lake property tax levy for the year payable 2003
represents an increase of 9.8%; and
WHEREAS, The City Council will consider the 2003 General Operating Budget, Enterprise Fund
Budgets and the Final 2003 Property Tax Levy during its regularly scheduled
council meeting at 7:30 p.m. on Monday December 2, 2002 at 16776 Fish Point
Road, Prior Lake with a continuation (if necessary) at 7:30 p.m. on December 9,
2002.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, that the
proposed tax levy be distributed upon the taxable property in said City for the following purposes in
payable 2003:
Purpose Amount
* For General City Purposes $4,423,843.00
* Revolving Equipment Fund $260,000.00
* G.O. Improvement Bonds '94 (Prior South) $57,000.00
* G.O. Improvement Bonds '95 (Ridgemont) $47,000.00
* G.O. Improvement Bonds '96 (Northwood) $61,000.00
* G.O. Improvement Bonds '97 (Pike Lake) $80,000.00
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (952) 447-4230 / Fax (952) 447-4245
R:',RESOLUTIWINARESk2002\02.151.d~c AN EQUAL OPPORTUNITY EMPLOYER
* G.O. Improvement Bonds '98 (Duluth) $77,000.00
* G.O. Improvement Bonds '99 (Candy Cove) $81 000.00
* G.O. Improvement Bonds ' 00 (Oak Ridge) $ 81 000.00
* G.O. Improvement Bonds '01 (Frog Town) $64 000.00
* G.O. Improvement Bonds '02 (Pixie Point) $75 000.00
** Fire Hall Referendum Bonds '93 $162 415.00
** Park Referendum Bonds '97 $592 755.00
Total... $6,062,013.00
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 3rd day of September 2002.
YES NO
Haugen X Haugen
Gundlach X Gundlach
LeMair X LeMair
Petersen X Petersen
Zieska X Zieska
{Seal} City Manager
R:'uRESOLLITI~FINA RESt2002\02-151 .doc