HomeMy WebLinkAbout02-202 RESOLUTION 02-202
RESOLUTION ADOPTING 2003 PRIOR LAKE BUDGETS AND
CERTIFYING FINAL 2003 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
MOTION BY: ZIESKA SECOND BY: LEMAIR
WltEREAS, The City Council of the City of Prior Lake hereby adopts the 2003 General Fund
Operating Budget in the amount of $8,636,532.00, an Enterprise Fund Budget of
$2,380,698.00 and Transit Services Budget of $470,912.00 following a period of
comment and discussion during the course of a public hearing held December 2,
2002; and
WHEREAS, The City of Prior Lake's operating budget tax levy is hereby equivalent to
$5,179,013.00; and
WHEREAS, The revolving equipment fund levy amount is calculated to be $260,000.00; and
WHEREAS, Special debt levies account for an additional tax levy of $623,000.00; and
WHEREAS, The total property tax levy approved has been determined to be $6,062,013.00.
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
* 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
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16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (952) 447-4230 / Fax (952) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
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 16th day of December, 2002.
YES NO
Haugen X Haugen
LeMair X LeMair
Petersen X Petersen
Zieska X Zieska
Vacant NA Vacant NA
{Seal} City Manager
City of Prior Lake
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