HomeMy WebLinkAbout12-207 2013 Budget and Tax Levy
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 1 2 - 207
RESOLUTION ADOPTING 201 3 PRIOR LAKE BUDGETS AND
CERTIFYING FINAL 201 3 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: Hedberg Second By: Erickson
WHEREAS, The City Council of the City of Prior Lake conducted a Truth in Taxation public budget
meeting on November 26 , 201 2 pursuant to state requirements; and
WHEREAS, The City Council hereby adopts the following 201 3 budgets; and
General Fund $ 12, 192,316
Debt Service Funds 1 4, 3 5 8, 310
Revolving Equipment Fund 489 , 196
Facilities Management Fund 447,874
Water Fund 3,349,169
Sewer Fund 2,918,462
Water Quality Fund 1,186,373
Transit Fund 1,127,046
Total $36, 068 , 746
WHEREAS, The property tax levy by tax base approved for payable year 201 3 is as follows; and
Tax Capacity Based Levy $ 8 , 28 7,275
Market Value Based Referenda Levy 976,849
Total $ 9 , 26 4 ,124
WHEREAS, The property tax levy approved for payable year 201 3 is for the following purposes:
General Purposes $ 6, 17 4,590
Revolving Equipment Fund 2 8 0,000
Debt Service 2, 8 09 , 534
Total $ 9 , 26 4 ,124
WHEREAS, The City of Prior Lake’s General Fund operating budget tax levy is hereby equivalent to
$ 7,151,439 ; and
WHEREAS, The Revolving Equipment Fund levy amount is $2 8 0,000; and
WHEREAS, The Special debt levies account for an additional tax levy of $1, 832,685 of which the Scott
County cooperative agreement appropriation of $ 148, 685 for CSAH 82 is included.
N OW 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 tax levy be distributed upon the taxable property in said City for the following purposes in
payable 201 2 :
Purpose Amount Amount
* General City Purposes $ 6, 17 4,590
* Revolving Equipment Fund 280,000
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) 11 4 ,000
* G.O. Imp Refunding Bonds 2009B 115 ,000
* G.O. Improvement Bonds 20 10 (CR12) 109,000
* G.O. Improvement Bo nds 20 11 A (Boudins I & Arcadia ROW) 1 67 ,000
* G.O. Improvement Bonds (‘04) 20 11 A Refunding 157,000
* 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 ‘06 223,680
** Fire Station #1 Refunding Bonds ‘08 0
Total Debt Service 2,809,534
Total $ 9, 26 4,124
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 1 0 th DAY OF DECEMBER , 201 2 .
YES NO
Myser X Myser
Erickson X Erickson
Hedberg X Hedberg
Keeney X Keeney
Soukup X Soukup
______________________________
Frank Boyles, City Manager
2