HomeMy WebLinkAbout13-134 2014 Preliminary Budget and Property Tax Levy/� PRjQ\
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4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 13 -134
A RESOLUTION ADOPTING PROPOSED 2014 CITY BUDGETS AND CERTIFYING
PRELIMINARY 2014 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: Souk
The proposed property tax levy for the City of Prior Lake for payable year 2014 is as
follows; and
Morton
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, Preliminary budget amounts for the City of Prior Lake for calendar year 2014 are
estimated as follows; and
General Fund
$ 12,481,134
Debt Service Funds
7,195,501
Revolving Equipment Fund
725,356
Facilities Management Fund
371,395
Water Fund
3,048,579
Sewer Fund
2,946,250
Water Quality Fund
796,636
Transit Fund
1,129,544
Total
$ 28,694,395
WHEREAS,
General Purposes
Revolving Equipment Fund
Debt Service
Total
WHEREAS,
Second By:
$ 6,452,728
200,000
2,922,190
$ 9,574,918
The proposed property tax levy by tax base for the City of Prior Lake for payable year
2014 is as follows; and
Tax Capacity Based Levy $ 8,568,126
Market Value Based Referenda Levy 1,006,792
Total $ 9,574,918
WHEREAS, The proposed City of Prior Lake property tax levy for the year payable 2014 represents
a $310,794 or 3.30% increase in total tax levy (excluding the Economic Development
Authority levy); and
WHEREAS, The City Council will consider the 2014 General Fund, Debt Service Funds, Revolving
Equipment Fund, Facilities Management Fund, EDA Special Revenue Fund and
Enterprise Fund Budgets and the Final 2014 Property Tax Levy during its regularly
scheduled council meeting at 7:00 p.m. on Monday November 25, 2013 at 4646 Dakota
Street SE, Prior Lake with a continuation (if necessary) at 7:00 p.m. on December 9,
2013.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. That the proposed tax levy be distributed upon the taxable property in said City for the following purposes
in payable 2014:
Purpose
Amount
Amount
General City Purposes
Keeney
$ 6,452,728
Revolving Equipment Fund
200,000
Debt Service:
McGuire
CSAH 82 Improvement Appropriation `06
$148,840
Morton
G.O. Street Reconstruction Bonds `07
182,000
x
G.O. Improvement Bonds `08 (Brooksville Hills I)
91,000
G.O. Improvement Bonds '09 (Brooksville Hills II)
114,000
G.O. Improvement Bonds 2010 (CR12)
109,000
G.O. Improvement Bonds 2011A (Boudins I /Arcadia ROW)
167,000
G.O. Improvement Bonds (`04) 2011A Refunding
157,000
G.O. Improvement Bonds 2011 B (Boudins II /Arcadia)
214,000
G.O. CIP Refunding Bonds 2012A
574,558
G.O. Improvement Bonds 2013A (Welcome,CR12,Sunset)
158,000
** Park Refunding Bonds `05
786,112
** Fire Station #2 Referendum Bonds `06
220,680
Total Debt Service
2,922,190
Total
$ 9,574,918
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 9 DAY OF SEPTEMBER, 2013.
YES
NO
Hedberg
x
Hedberg
Keeney
x
Keeney
McGuire
x
McGuire
Morton
x
Morton
Soukup
x
Soukup
Frank , by Manager