HomeMy WebLinkAbout01-112 RESOLUTION 01-112
RESOLUTION AMENDING RESOLUTION 01-103 CERTIFYING
PROPOSED 2002CITY OF PRIOR LAKE PROPERTY TAX LEVY TO
SCOTT COUNTY DEPARTMENT OF TAXATION
MOTION BY: ZIESKA SECOND BY: PETERSEN
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
WltEREAS, The City Council of the City of Prior Lake anticipates a 2002 General Fund
Operating Budget increase of approximately 7.28% which would amount to
$7,656,703.00, exclusive of enterprise fund expenditures, and subject to approval by
the City Council at its budget adoption proceeding scheduled for December 3; and
WIIEREAS, The total proposed property tax levy approved has been determined to be
$5,520,913.00; and
WItEREAS, The City of Prior 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 16.75%; 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 TltEREFORE, BE IT RESOLVED BY TIlE 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 $3,988,233.00
* Revolving Equipment Fund $250,000.00
* G.O. Improvement Bonds '94 (Prior South) $57,000.00
* G.O. Improvement Bonds '95 (Ridgemont) $95,000.00
* 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
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372 1714 / Ph. (952) 447-4230 / Fax (952) 447-4245
* G.O. Improvement Bonds '0I (Frog Town) $58,000.00
** Fire Hall Referendum Bonds '93 $150,540.00
** Park Referendum Bonds '97 $565,140.00
Total... $5,520,913.00
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 24th day of September 2001.
YES NO
Mader X Mader
Ericson X Ericson
Gundlach Absent Gundlach Absent
Petersen X Petersen
Zieska X Zieska
{Seal} Frank B{}y~al~ger