HomeMy WebLinkAbout10-083 2011 Prelim Budget and Tax Levy4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 10-083
A RESOLUTION ADOPTING PROPOSED 2011 CITY BUDGETS AND CERTIFYING
PRELIMINARY 2011 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By:
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 2011 are
estimated as follows; and
General Fund
Debt Service Funds
Revolving Equipment Fund
Water Fund
Sewer Fund
Water Quality Fund
Transit Fund
Total
WHEREAS,
WHEREAS,
WHEREAS,
$ 12,456,390
4,278,001
693,756
3,823,926
2,928,591
906,906
851,893
$ 25,939,463
The proposed property tax levy for the City of Prior Lake for payable year 2011 is as
follows; and
Erickson
General Purposes $ 6,961,567
Revolving Equipment Fund 270,000
Debt Service 2,882,557
Total $ 10,114,124
The proposed property tax levy by tax base for the City of Prior Lake for payable year
2011 is as follows; and
Tax Capacity Based Levy $ 9,008,762
Market Value Based Referenda Levy 1,105,362
Total $ 10,114,124
The proposed City of Prior Lake property tax levy for the year payable 2011 represents an
increase of 0.35%; and
WHEREAS, The City Council will consider the 2011 General Fund, Debt Service, Revolving
Equipment Fund and Enterprise Fund Budgets and the Final 2011 Property Tax Levy
during its regularly scheduled council meeting at 6:00 p.m. on Monday December 6, 2010
at 4646 Dakota Street SE, Prior Lake with a continuation (if necessary) at 6:00 p.m. on
December 20, 2010.
M:ICOUNCIUResolutions12010110-083 2011 Prelim Budget and lax Levy.doc
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 2011:
Pur ose Amount
For General City Purposes $ 6,961,567
Revolving Equipment Fund 270,000
~` 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 `06 155,195
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 2009B 168,000
G.O. Improvement Bonds'10 (CR12) 109,000
G.O. Building Bonds `05 (EDA) 620,000
** Park Refunding Bonds b5 703,682
** Fire Station #2 Referendum Bonds '06 213,680
** Fire Station #1 Refunding Bonds `08 188,000
Total. $10,114,124
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 7th DAY OF SEPTEMBER, 2010.
YES
NO
M ser M ser x
Erickson x Erickson
Hedber x Hedber
Keene Keene x
Millar x Millar
Frank B le , ity Manager
M:ICOUNCIUResolutions12010110-083 2011 Prelim Budget and Tax Levy.doc 2