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RESOLUTION 97-74
RESOLUTION CERTIFYING PROPOSED 1998
CITY OF PRIOR LAKE PROPERTY TAX LEVY TO
SCOTT COUNTY AUDITOR
MOTION BY: Schenck
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
SECOND BY:
Kedrowski
Truth in taxation provisions as specified by property tax legislation requires a
proposed property tax levy certification to the County Auditors' Office of Scott
County; and
The City Council of the City of Prior Lake anticipates a 1998 General Fund
Operating Budget increase of approximately 11 % which would amount to
$6,839,672.00, exclusive of enterprise fund expenditures, and subject to approval by
the City Council following the course of public hearings scheduled for the month of
December; and
The total proposed property tax levy approved has been determined to be
$4,606,749000; and
The proposed City of Prior Lake property tax levy for the year payable 1998
represents an increase of 19.56% inclusive of the park referendum levy; and
The City shall conduct a public hearing at 6:00 PoM. Wednesday December 3, 1997
in the Prior Lake Council Chambers for the purpose of review and discussion of the
City's proposed budget and a continuation hearing, if necessary, shall be scheduled
for Wednesday December 10, 1997; and
The City Council will approve the 1998 General Operating Budget and the Final
1998 Property Tax Levy during a subsequent meeting on Monday Decernber 15,
1997.
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 1998:
*
*
*
Purpose
Amount
For General City Purposes
Revolving Equipment Fund
G.O. Improvement Bonds '88 (North Shore Oaks)
GoO. Improvement Bonds '92 (Downtown Overlay)
$3,001,129.00
$140,000.00
$55,000.00
$115,000.00
16200 Eagle Creek Ave. S.L, Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
R: ICOUNCILIRESOLUTIIFINARES\9774.DOC
*
G.Oo Improvement Bonds '93 (Waterfront Passage)
G.O. Improvement Bonds '94 (Prior South)
G.O. Improvement Bonds '95 (Ridgemont)
GoO. Improvement Bonds '96 (Northwood)
GoO. Improvement Bonds '97 (Pike Lake)
Capital Park Bonds of '73 & '77
Fire Hall Referendum Bonds '93
Park Referendum Bonds '97
$270,000.00
$65,000.00
$95,000.00
$80,000.00
$79,000.00
$33,030.00
$163,145.00
$510,445.00
*
*
*
*
**
***
***
Total... $4,606,749.00
Note: Single starred funds shall be spread over the entire consolidated City of Prior Lake.
Note: Double starred funds shall be spread over the consolidated City except for the former Savage
portion subject to annexation.
Note: Triple 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 2nd day of September, 1997.
YES
Andren x Andren
Kedrowski x Kedrowski
Mader Mader
Robbins x Robbins
Schenck x Schenck
NO
x
{Seal}