HomeMy WebLinkAbout01-81 RESOLUTION 01-81
A RESOLUTION CONFIRMING THE CITY OF PRIOR LAKE'S
DESIRE TO EXERCISE THE LOCAL LEVY OPTION
PURSUANT TO M.S. 473.388 SUBD. 7 FOR PAYABLE 2002
TRANSIT TAX LEVY
Motion By: ERICSON Second By: PETERSEN
WHEREAS, Minnesota Statutes Section 473.388 Subd. 7 allows Minnesota Transit Demonstration
Program Cities ("Opt Out") to locally levy transit property taxes for operating purposes;
and
WHEREAS, since 1997, the City of Prior Lake has locally levied for transit services; and
WHEREAS, because of the local levy option, the City has minimized the annual transit property tax levy
amount; and
WHEREAS, pursuant to State levy guidelines, the City's maximum allowable transit levy is
$526,347.00; and
WHEREAS, the City desires to provide transit at a cost equivalent to or less thant he service cost
currently expended.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA
that:
1. The recitals set forth above are incorporated herein.
2. A transit tax levy not to exceed $379,950 for payable 2002 is authorized.
3. The City Manager is hereby authorized to convey this information to the State of Minnesota
Department of Revenue in accordance with state law.
PASSED AND ADOPTED THIS 18TM DAY OF JUNE, 2001.
YES NO
Mader X Mader
Ericson X Ericson
Gundlach X Gundlach
Petersen X Petersen
§us~n Walsh, Acting City Manager
16200 Ea§le Creek Aue. S.E., Prior Lake, Minnesota $S372-1714 / Ph. (612) 447 4230 / Fax (612) 44-7-4245
AN EQUAL OPPORTUNITY 12MPkOYER