HomeMy WebLinkAbout93-74
RESOLUTION 93-74
RESOLUTION CERTIFYING "PROPOSED" 1994
CITY OF PRIOR LAKE TAX LEVY TO SCOIT COUNTY AUDITOR
MOTION BY:
WHITE
SECONDED BY:
KEDROWSKI
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 1994 Operating Budget
increase of approximately 19% which would amount to $4,724,450.00, 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
$2,863,000.00; and
WHEREAS,
the proposed City of Prior Lake property tax levy for the year payable 1994
represents an increase of 29.9%; and
WHEREAS,
the City of Prior Lake shall conduct a public hearing at 8:00 P.M. Wednesday
December 8, 1993 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
15, 1993 at which time the City Council will approve the 1994 Operating Budget;
and
WHEREAS,
the City Council will approve the Final 1994 Property Tax Levy during a
subsequent meeting on Monday December 20, 1994.
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
1994:
*
*
*
*
*
*
*
**
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)
Capital Park Bonds of '73 & '77
$2,212,500.00
36,000.00
12,000.00
125,000.00
100,000.00
100,000.00
240,000.00
37,500.00
$2,863,000.00
Note: Single starred funds shall be spread over the entire consolidated City of Prior Lake.
4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLDYER
Note:
Note:
Double starred funds shall be spread over the consolidated City except for the former
Savage portion subject to annexation.
All other bond issues have sufficient fund balances to cover debt requirements.
Passed and adopted this 11h day of September, 1993.
{Seal}
YES
Andren
Fitzgerald
Kedrowski
Scott
White
x
X
X
X
X
NO