HomeMy WebLinkAbout91-35
MOTION
HERITAGE
1891
COMMUNITY
1991
20JI
ct9"J!7fJK
RESOLUTION 91-35
A RESOLUTION CERTIFYING INITIAL "PROPOSED" 1992
CITY OF PRIOR LAKE TAX LEVY TO SCOTT COUNTY AUDITOR
BY:
SCOTT
SECONDED BY
WHITE
Truth in Taxation provisions as specified by
tax legislation requires a proposed property
certification to the County Auditor's office
County; and
WHEREAS, the City Council of the City of Prior Lake anticipates
a 1992 Operating Budget increase of approximately 3.0%
which would amount to $3,573,250.00, exclusive of
enterprise fund expenditures, and subject to approval
by the Council following the course of public hearings
scheduled for the months of November and December; and
WHEREAS,
property
tax levy
of Scott
WHEREAS, the total proposed property tax levy approved has been
estimated to be $2,880,080.00; and
WHEREAS, this proposed City of Prior Lake property tax levy for
the year payable 1992 represents an increase of 7.9%;
and
WHEREAS, special levies account
aforementioned levy; and
WHEREAS, the City of Prior Lake's operating budget tax levy
subject to the levy limitation would be equivalent to
$2,137,290.00; and
for
$692,790.00
the
of
WHEREAS, The City of Prior Lake's statutory levy limitation has
been determined to be $2,137,291.00.
NOW, THEREFORE BE IT RESOLVED, by the Mayor and City Council that
the initial tax levy proposal be distributed upon the taxable
property in said City for the following purposes in payable 1992:
* For General City Purposes
* 3,450,000.00 Bonds '86 (North Shore)
* 225,000.00 Bonds '87 (Carriage Hill)
* 1,500,000.00 Bonds '87 (Water Tower)
* 390,000.00 Bonds '88 (North Shore Oaks)
* 1,175,000.00 Bonds '89 (Downtown Project)
** Capital Park Bonds of '73 & '77
$ 2,471,380.00
100,000.00
32,000.00
100,000.00
11,000.00
75,000.00
40,700.00
$ 2,830,080.00
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: All other bond issues have sufficient fund balances to
cover debt requirements.
4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447-4245
Passed and adopted this 19 day of Auqust, 1991.
{Seal}
Andren
Fitzgerald
Larson
Scott
White
YES
NO
x
X-
X-
X-
X-
Andren
Fitzgerald
Larson
Scott
White