HomeMy WebLinkAbout12-149 2013 Preliminary EDA Budget and Property Tax Levy
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 1 2 - 149
A RESOLUTION ADOPTING PROPOSED 20 1 3 ECONOMIC DEVELOPMENT AUTHORITY
BUDGET AND CERTIFYING PRELIMINARY 20 1 3 ECONOMIC DEVELOPMENT AUTHORITY
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, State Statute 469.107 subd. 1 provides that a city may, at the request of the Economic
Development Authority, levy a tax in any year for the benefit of the authority in an amount
not to exceed 0.01813 percent of taxable market value ; and
WHEREAS, The maximum allowable EDA property tax levy for payable year 2013 has been
determined to be approximately $426,000; and
WHEREAS, The Prior Lake EDA, at its regularly scheduled meeting of August 20, 2012, authorized a
2013 tax levy for economic development purposes in the amount of $200,000 and a 2013
budget of $151,450 .
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. A preliminary tax levy of $150,000 and proposed budget of $151,450 are approved for payable year
2013.
3. That the proposed Economic Development Authority tax levy be distributed upon the taxable property in
said City for the purposes of economic development in payable 201 3 .
PASSED AND ADOPTED THIS 10 DAY OF SEPTEMBER , 201 2 .
th
YES NO
Myser X Myser
Erickson X Erickson
Hedberg X Hedberg
Keeney X Keeney
Soukup X Soukup
______________________________
Frank Boyles, City Manager