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RESOLUTION 95-122
RESOLUTION ADOPTING 1996 PRIOR LAKE BUDGETS
AND CERTIFYING FINAL CITY OF PRIOR LAKE TAX LEVY
TO SCOTT COUNTY AUDITOR
MOTION BY:
GREENFIELD
SECONDED BY:
KEDROWSKI
WHEREAS,
the City Council of the City of Prior Lake hereby adopts the 1996 General Fund
Operating Budget in the amount of $5,447,005.00 and an Enterprise Fund Budget
of $1,587,525.00 following a period of comment and discussion during the
course of a public hearing held December 6, 1995; and
WHEREAS,
the City of Prior Lake's operating budget tax levy is hereby equivalent to
$2,728,210.00; and
WHEREAS,
special debt levies account for an additional tax levy amount of $672,500.00; and
WHEREAS,
the total property tax levy approved has been determined to be $3,400,710.00.
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 (Ridgemont)
* * 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
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.
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
Passed and adopted this 18th day of December, 1995.
YES
Andren X Andren
Greenfield X Greenfield
Kedrowski X Kedrowski
Schenck X Schenck
Scott X Scott
NO
{ Seal}
BUD22.wRT
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER