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RESOLUTION 95-85
RESOLUTION CERTIFYING "PROPOSED" 1996
CITY OF PRIOR LAKE TAX LEVY TO SCOTT COUNTY AUDITOR
MOTION BY:
KEDROWSKI
SECONDED BY:
GREENFIELD
WHEREAS,
Truth in taxation provisions as specified by property tax legislation requires a
proposed property levy certification to the County Auditor's Office of Scott
County; and
WHEREAS,
the City Council of the City of Prior Lake anticipates a 1996 Operating Budget
increase of approximately 6.2% which would amount to $5,447,005.00, exclusive
of enterprise fund expenditures, and subject to approval by the Council following
the course of public hearings scheduled for the month of December; and
WHEREAS,
the total proposed property tax levy approved has been determined to be
$3,400,710.00; and
WHEREAS,
the proposed City of Prior Lake property tax levy for the year payable 1996
represents an increase of 8.8%; and
WHEREAS,
the City of Prior Lake shall conduct a public hearing at 8:00 P.M. Wednesday
December 6, 1995 in the Prior Lake Council Chambers for the purpose of review
and discussion of the City's proposed budget; and
WHEREAS,
a continuation hearing, if necessary, shall be scheduled for Wednesday December
13, 1995 at which time the City Council will approve the 1996 Operating Budget;
and
WHEREAS,
the City Council will approve the Final 1996 Property Tax Levy during a
subsequent meeting on Monday, December 18, 1995.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and City Council that the proposed tax levy be
distributed upon the taxable property in said City for the following purposes in payable 1996:
* For General City Purposes
* G.O. Improvement Bonds '87 (Carriage Hill)
* G.O. Improvement Bonds '88 (North Shore Oaks)
* Advance Refunding Bonds '92 (North Shore)
* Advance Refunding Bonds '92 (Water Tower)
* Crossover Refunding Bonds '92 (Downtown Overlay)
* G.O. Improvement Bonds '93 (Waterfront Passage)
* G.O. Improvement Bonds '94 (Prior South)
* G.O. Improvement Bonds '95 (Creekside)
** Capital Park Bonds of '73 & '77
* * * Fire Hall Referendum Bond ' 93
$2,529,420.00
10,000.00
40,000.00
100,000.00
50,000.00
105,000.00
248,000.00
64,500.00
55,000.00
35,780.00
163,010.00
$3,400,710.00
16200 Eagle Creek Ave., 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 shall be spread over the consolidated City except for the former
Savage portion subject to annexation.
Note: Triple 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, 1995.
YES
NO
Andren
Greenfield
Kedrowski
Schenck
Scott
Andren
Greenfield
Kedrowski
Schecnck
cott
{ Seal}
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