HomeMy WebLinkAbout87-056 Ems,
CITY OF PRIOR LANCE
PSI 87 -56
P1' N?TMORIZIM SOfx1T CO3M AWI'1W70 LEW TAXES PAMWLE IN 1988
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N7f= BT: SMIT ARTS BY WHrM
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WEB, the.City 0ouncil of the City of Prior Lake has adopted the 1988
rail t period of consent and discussion
ng Htxk�a following a pe
during the course of public hearings. held Septmber 8th and
Septeeber 21st 1987E and
WEB, the total levy WWaved has been determined to be $2,105,665.001 .
and,.
"MOB, special levies account for 8648.045.40 of the., 0oreeentioned
levy; and
WAS,, the City of Prior Lakes operating budget.. tax levy subject to
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the levy limitation is equivalent to $1.457.620.001 and 0
Y 0
WHM1AS, The (Zity of Prior Lake's levy limitation is $1,585,T6240. "
NOW, BE IT RF i.VBb, by the Mayor and City Council that the
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following `suss of money be raised' by tax upon th e taxable peoperty in said
City or the following ,.: able •1988:
y n9 P�p�s paY
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Pbr' general City Purposes $ 1,786,595400
* 3,450,000.00 G.O. Bap. Bonds '86 150.000".00
2,700,000.00 Refunding Hoods '87 ., 100400.00
225,000.00 G.0. hap. Bonds 1 87 \ 29,000.00`
** Capital Park Bonds of 1 73 1 77 " _ 40.070.00
� 2,105,665.00
Notes Single starred funds shall be spread over the entice consolidated
City C Prior Lake.
Note: Double'starred funds shall be t ead over the consolidated City
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swept for the former Savage > portion subjoc to amm ation.
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Note: All other bona issues have suffici bslanoss to over debt
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CITY"' OF PRIOR LAKE"
RESMUZZON ` 87 -56
. A MAUP= AUmonziNG sa= ammy 'AUDITM TO LEVY TAXES PAMWM IN 1988
MMON BY: SODTT SEMMM BY WHITE
WBR MMs, the City Oounc of the City of ` Prior Lakeohas adopted the 1988
Operating Budget following a period of coamment and discussion
during the course of public hearings held September 8th and
September 21st 1987= and
WHETS, the total levy approved has been determined to be $2,105,665.001
and
WEREM, special levies account for $648,045.00 of the aforementioned
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levyn and
WH6'P=, the Ctty of Prior Lake's operating budget ti taut levy subject. to '
the levy limitation is equivalent to $1,457,620.00; and
The City of Prior Lake's levy limitation is $11585,162.00.
]W, TIIZMW= WIT HESWEP by the Mayor„ and City Council that the
010ilow ng some of, Caney, be raised, by tax upon the taxable property in'said
;City:;for the following purposes, payable 1988s
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$lor General City Purposes $ 1,786.595.00`
* '1,450,00,0.00 G.p."Imp. Bonds 1 86° 150000.00
* 2MO Wunding Bonds 1 87 . 100,000.00
* 22,5,000.00 G.O. rV� Bords 1 87 29#000.00
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Capital s park Bonds of 1 73 &: 1 77 40.0
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$ 2,105,465.00'
$Loos Single starred funds shall be spread over the entire consolidated
City.ouE Poor Lake.
Note': Double stained funds shall be spread over the consolidated = City
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q exc+�gt, for the former Savage portion subject to annexation.
°N te: Ail other bond issues have sufficient fund balances to cover debt
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equirerments. a
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(d12) 447.039 °. 4b2If QAKOTA STREET S.E. P.O. BOX PRIOR LAKE, MINNESOTA 115372
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