HomeMy WebLinkAbout09-124 Tax Levy and Prelim 2010 BudgetOF PRIp~~
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~ ~ ~ 4646 Dakota Street S.E.
U ~ ~ ~~, ~ ~ Prior Lake, MN 55372-1714
`~jNiVESO~P*"'B
_~~_ RESOLUTION 09-124
A RESOLUTION ADOPTING PROPOSED 2010 CITY BUDGETS AND CERTIFYING
PRELIMINARY 2010 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
MOTION BY: Hedberg SECOND BY: Millar
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, Preliminary budget amounts for the City of Prior Lake for calendar year 2010 are
estimated as follows:
General Fund $ 12,156,839
Water & Sewer Fund 5,858,273
Water Quality Fund 454,786
Transit Fund 1,143,484
Total $ 19,613,382
WHEREAS, The proposed property tax levy for the City of Prior Lake for payable year 2010 is as
follows:
General Purposes $ 7,020,503
Revolving Equipment Fund 260,000
Debt Service 2,798,683
Total $ 10,079,186
WHEREAS, The proposed City of Prior Lake property tax levy for the year payable 2010 represents
an increase of 2.0%; and
WHEREAS, The City Council will consider the 2010 General Fund and Enterprise Fund Budgets
and the Final 2010 Property Tax Levy during its regularly scheduled council meeting at
6:00 p.m. on Monday December 7, 2009 at 4646 Dakota Street SE, Prior Lake with a
continuation (if necessary) at 6:00 p.m. on December 21, 2009.
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 2010:
www.cityofpriorlake.com
Phone 952.447.9800 /Fax 952.447.4245
Purpose Amount
* For General City Purposes $ 7,020,503
* Revolving Equipment Fund 260,000
* G.O. Improvement Bonds `01 (Frog Town) 55,000
* G.O. Improvement Bonds `04 (Breezy Point) 158,000
* G.O. Improvement Bonds `05 (Fish Point) 100,000
* CSAH 82 Improvement Appropriation `06 159,784
* G.O. Street Reconstruction Bonds `07 182,000
* G.O. Improvement Bonds `08 (Brooksville Hills I) 91,000
* G.O. Improvement Bonds '09 (Brooksville Hills II) 139,000
* G.O. Imp Refunding Bonds 20096 224,000
* G.O. Building Bonds `05 (EDA) 605,000
** Park Refunding Bonds `05 688,019
** Fire Station #2 Referendum Bonds `06 210,880
** Fire Station #1 Refunding Bonds `08 186,000
Total $ 10,079,186
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 8th day of September, 2009.
YES NO
Haugen X Haugen
Erickson X Erickson
Hedberg X Hedberg
LeMair X LeMair
Millar X Millar
~~ /J ,
City Manager
City of Prior Lake
A4:I000NCILIRESOLUTI12009\09-124 Tax Levy and Prelim 2010 Butlget.doc