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RESOLUTION 97-109
RESOLUTION ADOPTING 1998 PRIOR LAKE BUDGETS AND
CERTIFYING FINAL 1998 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY AUDITOR
MOTION BY:
KEDROWSKI
SECOND BY: SCHENCK
WHEREAS,
The City Council of the City of Prior Lake hereby adopts the 1998 General Fund
Operating Budget in the amount of $6,830,198.00 and an Enterprise Fund Budget of
$1,705,702.00 following a period of comment and discussion during the course of a
public hearing held December 3, 1997; and
WHEREAS,
The City of Prior Lake's operating budget tax levy IS hereby equivalent to
$3,695,732 and
WHEREAS,
The revolving equipment fund levy amount is calculated to be $140,000.00; and
WHEREAS,
Special debt levies account for an additional tax levy of $752,000.00; and
WHEREAS,
The total property tax levy approved has been determined to be $4,587,732.00
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 1997:
Purpose Amount
* For General City Purposes $2,989,112.00
* For Revolving Equipment Fund $140,000.00
* G.O. Improvement Bonds '88 (North Shore Oaks) $55,000.00
* G.O. Improvement Bonds '92 (Downtown Overlay) $115,000.00
* G.O. Improvement Bonds '93 (Waterfront Passage) $270,000.00
* G.O. Improvement Bonds '94 (prior South) $65,000.00
* G.O. Improvement Bonds '95 (Ridgemont) $95,000.00
* G.O. Improvement Bonds '96 (Northwood) $80,000.00
* G.O. Improvement Bonds '97 (Pike Lake) $72,000.00
** Capital Park Bonds of '73 & '77 $33,030.00
*** Fire Hall Referendum Bonds '93 $163,145.00
*** Park Referendum Bonds '97 $510,445.00
Total... $4,587,732.00
162dff~fe~reek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
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 15th day of December, 1997.
YES
Andren X Andren
Kedrowski X Kedrowski
Mader Mader
Robbins X Robbins
Schenck X Schenck
NO
X
{Seal}
98TAXRES.DOC