HomeMy WebLinkAbout12-148 2013 Preliminary Budget and Property Tax Levy
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 1 2 - 148
A RESOLUTION ADOPTING PROPOSED 20 1 3 CITY BUDGETS AND CERTIFYING
PRELIMINARY 20 1 3 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: Hedberg Second By: Soukup
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, Preliminary budget amounts for the City of Prior Lake for calendar year 201 3 are
estimated as follows ; and
General Fund $ 12, 385,680
Debt Service Funds 13,863,310
Revolving Equipment Fund 489,196
Facilities Management Fund 447,874
Water Fund 4,183,615
Sewer Fund 3, 111,508
Water Quality Fund 1,118,035
Transit Fund 1,127,771
Total $ 36, 726 , 989
WHEREAS, The proposed property tax levy for the City of Prior Lake for payable year 201 3 is as
follows ; and
General Purposes $ 6, 784,576
Revolving Equipment Fund 2 8 0,000
Facilities Management Fund 75,000
Debt Service 2,999,807
Total $ 10, 1 39,383
WHEREAS, The proposed property tax levy by tax base for the City of Prior Lake for payable year
201 3 is as follows; and
Tax Capacity Based Levy $ 8, 972,261
Market Value Based Referenda Levy 1,167,122
Total $ 10, 1 39,383
The proposed City of Prior Lake property tax levy for the year payable 20 13 represents a
WHEREAS,
$ 7 25,259 or 7.70 % increase in total tax levy (excluding the Economic Development
Authority levy) ; and
The City Council will consider the 201 3 General Fund , Debt Service Funds , Revolving
WHEREAS,
Equipment Fund , Facilities Management Fund, EDA Special Revenue Fund and
Enterprise Fund Budgets and the Final 201 3 Property Tax Levy during its regularly
scheduled council meeting at 7 :00 p.m. on Monday November 26 , 20 1 2 at 4646 Dakota
Street SE, Prior Lake with a continuation (if necessary) at 7 :00 p.m. on December 1 0 ,
2 0 1 2 .
NOW THEREFORE , BE IT HEREBY RESOLVE D BY THE CITY COUNCI L OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. That the proposed tax levy be distributed upon the taxable property in said City for the following
purposes in payable 201 3 :
Purpose Amount Amount
* General City Purposes $ 6, 784 , 576
* Revolving Equipment Fund 280,000
* Facilities Management Fund 75,000
Debt Service:
* G.O. Improvement Bonds ‘05 (Fish Point) $ 0
* CSAH 82 Improvement Appropriation ‘06 148, 685
* G.O. Street Reconstruction Bonds ‘07 162 ,000
* G.O. Improvement Bonds ‘08 (Brooksville Hills I) 91,000
* G.O. Improvement Bonds ’09 (Brooksville Hills II) 1 1 4 ,000
* G.O. Imp Refunding Bonds 2009B 1 1 5 ,000
* G.O. Improvement Bonds 20 10 (CR12) 109,000
* G.O. Improvement Bonds 20 11 A (Boudins I / Arcadia ROW) 1 67 ,000
* G.O. Improvement Bonds ( ‘04) 20 11 A Refunding 15 7 ,000
* G.O. Improvement Bonds 2011B (Boudins II/Arcadia) 214,000
* G.O. CIP Refunding Bonds 2012A 555,000
** Park Refunding Bonds ‘05 753,169
** Fire Station #2 Referendum Bonds ‘06 2 23 , 680
** Fire Station #1 Refunding Bonds ‘08 1 90 , 273
Total Debt Service 2, 999 , 807
Total $ 10, 1 39,383
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 10 DAY OF SEPTEMBER , 201 2 .
th
YES NO
Myser Myser X
Erickson X Erickson
Hedberg X Hedberg
Keeney Keeney X
Soukup X Soukup
______________________________
Frank Boyles, City Manager