HomeMy WebLinkAbout03-147 RESOLUTION 03-147
ADOPTING PROPOSED 2004 CITY BUDGETS AND CERTIFYING
PRELIMINARY 2004 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
MOTION BY: LEMAIR SECOND BY: ZIESKA
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 2004 General Fund
Operating Budget increase of approximately 1.33% which would amount to
$8,751,570.00, and subject to approval by the City Council at its budget adoption
proceeding scheduled for December 1; and
WHEREAS, The City of Prior Lake's proposed 2004 Enterprise Fund budgets total an aggregate
$3,301,868.00 which includes the Water & Sewer Utility, Water Quality Utility and
Transit Services, and
WHEREAS, The total proposed property tax levy approved has been determined to be
$6,588,000.00; and
WHEREAS, The City of Prior Lake hereby certifies that the levy certification rate will increase
for payable 2004 property taxes; and
WHEREAS, The proposed City of Prior Lake property tax levy for the year payable 2004
represents an increase of 8.7%; and
WHEREAS, The City Council will consider the 2004 General Operating Budget, Enterprise Fund
Budgets and the Final 2004 Property Tax Levy during its regularly scheduled
council meeting at 7:00 p.m. on Monday December 1, 2003 at 16776 Fish Point
Road, Prior Lake with a continuation (if necessary) at 7:00 p.m. on December 8,
2003.
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 2004:
Purpose Amount
* For General City Purposes $4,856,740.00
* Revolving Equipment Fund $270,000.00
* G.O. Improvement Bonds '94 (Prior South) $55,000.00
* G.O. Improvement Bonds '95 (Ridgemont) $45,000.00
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (952) 447-4230 / Fax (952) 447-4245
R:/RESOLUTI~FINARES/2003\03-147 doc AN EQUAL OPPORTUNITY EMPLOYER
* G.O. Improvement Bonds '96 (Northwood) $50,000.00
* G.O. Improvement Bonds '97 (Pike Lake) $71,000.00
* G.O. Improvement Bonds '98 (Duluth) $73,000.00
* G.O. Improvement Bonds '99 (Candy Cove) $72,000.00
* G.O. Improvement Bonds '00 (Oak Ridge) $77,000.00
* G.O. Improvement Bonds '01 (Frog Town) $64,000.00
* G.O. Improvement Bonds '02 (Pixie Point) $68,000.00
* G.O. Improvement Bonds '03 (150th Street) $116,000.00
** Fire Hall Referendum Bonds '93 $158,715.00
** Park Referendum Bonds '97 $611,545.00
Total... $6,588,000.00
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 2nd day of September 2003.
YES NO
Haugen X Haugen
Blomberg X Blomberg
LeMair X LeMair
Petersen X Petersen
Zieska X Zieska
{Seal} City Manager
City of Prior Lake