HomeMy WebLinkAbout01-103 RESOLUTION 01-103
RESOLUTION CERTIFYING PROPOSED 2002 CITY OF PRIOR LAKE
PROPERTY TAX LEVY TO SCOTT COUNTY DEPARTMENT OF TAXATION
MOTION BY: PETERSEN SECOND BY: GUNDLACH
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 2002 General Fund Operating Budget
increase of approximately 6.58% which would amount to $7,606,703.00, exclusive of
enterprise fund expenditures, and subject to approval by the City Council at its budget
adoption proceeding scheduled for December 3; and
WHEREAS, The total proposed property tax levy approved has been determined to be $5,494,913.00; and
WHEREAS, The City of Pdor Lake hereby certifies that the levy certification rate will increase for payable
2002 property taxes; and
WHEREAS, The proposed City of Prior Lake property tax levy for the year payable 2002 represents an
increase of 16.2%; and
WHEREAS, The City Council will consider the 2002 General Operating Budget and the Final 2002
Property Tax Levy during its regularly scheduled council meeting on Monday December 3,
2001.
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 2002:
Purpose Amount
* For General City Purposes $3,938,233.00
* Revolving Equipment Fund $250,000.00
* G.O. Improvement Bonds '94 (Prior South) $57,000.00
* G.O. Improvement Bonds '95 (Ridgemont) $105,000.00
* G.O. Improvement Bonds '96 (Northwood) $57,000.00
* G.O. Improvement Bonds '97 (Pike Lake) $78,000.00
* G.O. Improvement Bonds '98 (Duluth) $73,000.00
* G.O. Improvement Bonds '99 (Candy Cove) $77,000.00
* G.O. Improvement Bonds '00 (Oak Ridge) $72,000.00
* G.O. Improvement Bonds '01 (Frog Town) $72,000.00
** Fire Hall Referendum Bonds '93 $150,540.00
** Park Referendum Bonds '97 $565,140.00
Total... $5,494,913.00
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (952) 447-4230 / Fax (952) 447-4245
Note: Single starred funds shall be spread over the entire consolidated City of Pdor 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 4th day of September 2001.
YES NO
Mader X Mader
Ericson X Ericson
Gundlach X Gundlach
Petersen X Petersen
Zieska X Zieska
{Seal} Susan Walsh, Acting City Manager
City of Prior Lake