HomeMy WebLinkAbout00-79 RESOLUTION 00-79
A RESOLUTON CERTIFYING PROPOSED 2001
CITY OF PRIOR LAKE PROPERTY TAX LEVY TO
SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: PETERSEN Second By: ERICSON
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, the City Council of the City of Prior Lake anticipates a 2001 General Fund Operating
Budget increase of approximately 2Y2% which would amount to $7,517,047.00, exclusive
of enterprise fund expenditures, and subject to approval by the City Council following the
Truth-in-Taxation public hearing scheduled for December 4th; and
WHEREAS, the total proposed property tax levy approved has been determined to be
$4,728,706.00; and
WHEREAS, the City of Prior Lake hereby certifies that the levy certification rate will decrease for
payable 2001 property taxes; and
WHEREAS, the proposed City of Prior Lake property tax levy for the year payable 2001 represents a
decrease of 2.8%; and
WHEREAS, the City shall conduct a Truth-in-Taxation public hearing at 7:30pm Monday December
4, 2000 in the Prior Lake Council Chambers for the purpose of review and discussion of
the City's proposed budget and a continuation hearing, if necessary, shall be scheduled
for Monday December 11, 2000; and
Whereas, the City Council will approve the 2001 General Operating Budget and the Final 2001
Property Tax Levy during a subsequent meeting on Monday December 18, 2000.
Now THEREFORE, be it resolved by the City Council of the City of Prior Lake that the proposed tax levy
be distributed upon the taxable property in said City for the following purposes in payable 2001:
Purpose Amount
* For General City Purposes ................................. ~ .............. ..$..~.~_8.....6....0.z.7....6_2_.00_
................................... $317,459.00
* For Opt-out Transi~ ....P..~.r....p..9.~.~ .............................................................................................................................................................................
..................................... ~ $250,000.00
* Revolving Equipment Fu~....cl.. ........................................................................................................
........ ;-'"'-(~-~'6"i'"'i'~'~'~:~;~'~'~¥"~'~-r~'~J'~ '94 (Prior South) i $64,000.00
..............................................................................................................................................................................................................................* G.O. Improvement !~_.o_n..~.~ i~.~i.l~.~.~?..~.~..t..) ............. ii ....................... .............................................................. ~'~'";~"~'i6~'~':'~J~ .....
............................................................................... ~ $68,000.00
* G.O. Improvement Bon...d.~_'_~.~ (~..~[~...h..~?..~.) ........................................ i ...................................................................................
* G.O. Improvement Bonds'99 (Candy Cove) $84,000.00
......................................................................................................................................................................................... ...... ~ ........... _G....:.~.:....Impr. ovement B.og..d.....s..
** Fire Hall Referendum Bonds '93 ..................... '~';~"~,,'~-;I-~'~J~-i
..... ;':";;'-"""I~'~'F~'"I~'~'~'~'~'~'"'~'~'~'~I-~'"~ .......................................................................................................................
16200 Eagle Creek 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 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 5TH DAY OF SEPTEMBER, 2000.
YES NO
Ericson Ericson I
Gundlach Gundlach I
Petersen Petersen _ I
vacant va~
{Seal} ~
City Manag~_~fiy c~ Prior Lake
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