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WHEREAS,
WHEREAS,
4646 Dakota Street S.E.
Prior Lake, MN 55372-1714
RESOLUTION 09-183
RESOLUTION ADOPTING 2010 PRIOR LAKE BUDGETS AND
CERTIFYING FINAL 2010 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: Hedberg
Second By: LeMair
The City Council of the City of Prior Lake conducted a Truth in Taxation public hearing
on December 7, 2009 pursuant to state requirements; and
The City Council hereby adopts the following 2010 budgets; and
General Fund $ 12,120,546
Water & Sewer Fund 5,576,734
Water Quality Fund 443,367
Transit Fund 1,144,473
Total $ 19,285,120
WHEREAS, The property tax levy by tax base approved for payable year 2010 is as follows; and
Tax Capacity Based Levy $ 8,994,287
Market Value Based Referenda Levy 1,084,899
Total $ 10,079,186
WHEREAS, The property tax levy approved .for payable year 2010 is for the following purposes:
General Purposes $ 7,020,503
Revolving Equipment Fund 260,000
Debt Service 2,798,683
Total $ 10,079,186
WHEREAS, The City of Prior Lake's General Fund operating budget tax levy is hereby equivalent to
$8,710,402; and
WHEREAS, The Revolving Equipment Fund levy amount is $260,000; and
WHEREAS, The Special debt levies account for an additional tax levy of $1,108,784 of which the
Scott County cooperative agreement appropriation of $159,784 for CSAH 82 is
included.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
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
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Phone 952.447.9800 /Fax 952.447.4245
Purpose
* For General City Purposes
* Revolving Equipment Fund
* G.O. Improvement Bonds 2001 (Frog Town)
* G.O. Improvement Bonds 2004 (Breezy Point)
* G.O. Improvement Bonds 2005 (Fish Point)
* CSAH 82 Improvement Appropriation 2006
* G.O. Street Reconstruction Bonds 2007
* G.O. Improvement Bonds 2008 (Brooksville I)
* G.O. Improvement Bonds 2009A (Brooksville II)
* G.O. Improvement Refunding Bonds 20096
* G.O. Building Bonds 2005 (EDA)
** Fire Hall Referendum Bonds 2008 (Refunding)
** Park Referendum Bonds 1997
** Fire Station Referendum Bonds 2006
Total...
Amount
$ 7,020,503
260, 000
55, 000
158, 000
100, 000
159, 784
182, 000
91,000
139,000
224, 000
605,000
186, 000
688, 019
210,880
$ 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 21st DAY OF DECEMBER, 2009.
YES NO
Haugen X Haugen
Erickson X Erickson
Hedberg X Hedberg
LeMair X LeMair
Millar Absent Millar
Frank B I ity Manager
M:\COUNCIL\Resolutions\2009\09-183 Adopt Budget Certify Tax Levy.doc