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RESOLUTION 92-24
A RESOLUTION CERTIFYING INITIAL "PROPOSED" 1993
CITY OF PRIOR LAKE TAX LEVY TO SCOTT COUNTY AUDITOR
MOTION
BY: WHITE
SECONDED BY
KEDROWSKI
WHEREAS,
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 1993 Operating Budget increase of approximatelf 12.0%
which would amount to $3,998,175.00, exclus1ve of
enterprise fund expenditures, and subject to approval
by the Council following the course of public hearings
scheduled for the month of December; and
property
tax levy
of Scott
WHEREAS, the total proposed property tax levy approved has been
estimated to be $3,113,000.00; and
WHEREAS, this proposed City of Prior Lake property tax levy for
the year payable 1993 represents an increase of 10.00%;
and
WHEREAS, the City of Prior Lake shall conduct a public hearing
at 8:00 P.M. Monday December 7, 1992 in the Prior Lake
Council Chambers of Cit~ Hall for the purpose of review
and discussion of the Clty's proposed budget; and
WHEREAS, a continuation hearing if necessary, shall be scheduled
for Tuesday December 15, 1992 at which time the Council
will adopt a final property tax levy and budget.
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 1993:
$ 2,751,725.00
100,000.00
33,000.00
100,000.00
12,000.00
77,000.00
39,275.00
$ 3,113,000.00
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.
* 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
4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPlDYER
Passed and adopted this 8th day of September, 1992.
YES NO
Andren x Andren
Fitzgerald Fitzgerald x
Kedrowski x Kedrowski
Scott x Scott
White x White
{Seal}