HomeMy WebLinkAbout13-184 EDA 2014 Budget and Tax Levy/� PRjQ\
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4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 13 -184
A RESOLUTION ADOPTING THE 2014 ECONOMIC DEVELOPMENT AUTHORITY BUDGET
AND CERTIFYING THE 2014 ECONOMIC DEVELOPMENT AUTHORITY PROPERTY TAX
LEVY TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: Souk
Second By: Kee
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, State Statute 469.107 subd. 1 provides that a city may, at the request of the Economic
Development Authority, levy a tax in any year for the benefit of the authority in an
amount not to exceed 0.01813 percent of taxable market value; and
WHEREAS, The maximum allowable EDA property tax levy for payable year 2014 has been
determined to be approximately $445,000; and
WHEREAS, The Prior Lake EDA, at its regularly scheduled meeting of November 18, 2013,
authorized a 2014 tax levy for economic development purposes in the amount of
$150,000 and a 2014 budget of $189,170.
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. A final tax levy of $150,000 and proposed budget of $189,170 are approved for payable year 2014.
3. That the proposed Economic Development Authority tax levy be distributed upon the taxable property in
said City for the purposes of economic development in payable 2014.
PASSED AND ADOPTED THIS 9 DAY OF DECEMBER, 2013.
YES NO
Hedberg
X
Hedberg
Keeney
X
Keeney
McGuire
X
McGuire
Morton
Morton
X
Soukup
X
Soukup
Frank Boyl s .,ity anager