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HomeMy WebLinkAbout98-103RESOLUTION 98-103 RESOLUTION CERTIFYING PROPOSED 1999 CITY OF PRIOR LAKE PROPERTY TAX LEVY TO SCOTT COUNTY AUDITOR MOTION BY: Kedrowski SECOND BY: Peter~¢n WHEREAS, 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 1999 General Fund Operating Budget increase of approximately 4% which would amount to $7,116,582.00, 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 $4,816,674.00; and The proposed City of Prior Lake property tax levy for the year payable 1999 represents an increase of 4.99% inclusive of the transit service levy; and The City shall conduct a public hearing at 7:00 P.M. Monday December 7, 1998 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 Monday December 14, 1998; and WHEREAS, The City Council will approve the 1999 General Operating Budget and the Final 1999 Property Tax Levy during a subsequent meeting on Monday December 21, 1998. NOW TltEREFORE, 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 1999: Purpose Amount * For General City Purposes $3,171,549.00 Revolving Equipment Fund $150,000.00 * G.O. Improvement Bonds '92 (Downtown Overlay) $116,000.00 * G.O. Improvement Bonds '93 (Waterfront Passage) $235,000.00 16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER H:~BLIDGETOgBRPRES.DOC * G.O. Improvement Bonds '94 (Prior South) * G.O. Improvement Bonds '95 (Ridgemont) * G.©. Improvement Bonds '96 (Northwood) * G.O. Improvement Bonds '97 (Pike Lake) * G.O. Improvement Bonds '98 (Duluth) ** Capital Park Bonds of '73 & '77 *** Fire Hall Referendum Bonds '93 *** Park Referendum Bonds '97 $65,000.00 $100,000.00 $85,000.00 $72,000.00 $88,000.00 $36,640.00 $165,415.00 $532,070.00 Total... $4,816,674.00 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 8th day of September, 1998. {Seal} YES NO Mader X Mader Kedrowski X Kedrowski Petersen X Petersen Schenck X Schenck ~_ Wuellner ~ ~i~ Mana~r City of