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RESOLUTION 99-139
RESOLUTION ADOPTING 2000 PRIOR LAKE BUDGETS AND
CERTIFYING FINAL 2000 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
MOTION BY:
Kedrowski
SECOND BY:
Schenck
WHEREAS,
The City Council of the City of Prior Lake hereby adopts the 2000 General Fund
Operating Budget in the amount of $7,334,944.00 and an Enterprise Fund
Budget of $1,829,183.00 following a period of comment and discussion during
the course of a public hearing held December 6, 1999; and
WHEREAS,
The City of Prior Lake's operating budget tax levy is hereby equivalent to
$3,949,728.00; and
WHEREAS,
The revolving equipment fund levy amount is calculated to be $250,000.00; and
WHEREAS,
Special debt levies account for an additional tax levy of $667,000.00; and
WHEREAS,
The total property tax levy approved has been determined to be $4,866,728.00.
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 2000:
Purpose Amount
* For General City Purposes $2,917,559.00
* For Opt-out Transit Purposes $317,459.00
* Revolving Equipment Fund $250,000.00
* G.O. Improvement Bonds '93 (Waterfront Passage) $178,000.00
* G.O. Improvement Bonds '94 (Prior South) $65,000.00
* G.O. Improvement Bonds '95 (Ridgemont) $110,000.00
* G.O. Improvement Bonds '96 (Northwood) $70,000.00
* G.O. Improvement Bonds '97 (Pike Lake) $85,000.00
* G.O. Improvement Bonds '98 (Duluth) $77,000.00
* G.O. Improvement Bonds '99 (Candy Cove) $82,000.00
** Fire Hall Referendum Bonds '93 $162,340.00
** Park Referendum Bonds '97 $552.370.00
Total... $4,866,728.00
Note: Single starred funds shall be spread over the entire consolidated City of Prior Lake.
l~2mff:~~~LEl~~~V~~~~rior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
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 20th day of December, 1999.
YES NO
Mader Mader X
Kedrowski X Kedrowski
Petersen X Petersen
Schenck X Schenck
Wuellner X Wuellner
{Seal}
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