HomeMy WebLinkAbout14-148 2015 Preliminary Budget and Property Tax Levy
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 14-148
A RESOLUTION ADOPTING PROPOSED 2015 CITY BUDGETS AND CERTIFYING
PRELIMINARY 2015 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: KEENEY Second By: 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 2015 are
estimated as follows; and
General Fund $ 12,888,070
Debt Service Funds 4,122,975
Cable Fund 7,000
Capital Park Fund 50,000
Revolving Equipment Fund 797,550
Facilities Management Fund 143,052
Water Fund 5,702,627
Sewer Fund 3,311,204
Water Quality Fund 1,131,020
Transit Fund 90,000
Total $ 28,243,498
WHEREAS, The proposed property tax levy for the City of Prior Lake for payable year 2015 is as
follows; and
General Purposes $ 7,043,230
Revolving Equipment Fund 250,000
Debt Service 2,913,356
Total $ 10,206,586
WHEREAS, The proposed property tax levy by tax base for the City of Prior Lake for payable year
2015 is as follows; and
Tax Capacity Based Levy $ 9,171,093
Market Value Based Referenda Levy 1,035,493
Total $ 10,206,586
The proposed City of Prior Lake property tax levy for the year payable 2015 represents
WHEREAS,
a $907,668 or 9.80% increase in total tax levy (excluding the Economic Development
Authority levy); and
WHEREAS, The City Council will consider the 2015 General Fund, Debt Service Funds, Revolving
Equipment Fund, Facilities Management Fund, EDA Special Revenue Fund and
Enterprise Fund Budgets and the Final 2015 Property Tax Levy during its regularly
scheduled council meeting at 7:00 p.m. on Monday December 8, 2014 at 4646 Dakota
Street SE, Prior Lake with a continuation (if necessary) at 7:00 p.m. on December 22,
2014.
NOWTHEREFORE, 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 2015:
Purpose Amount Amount
* General City Purposes $ 7,043,230
* Revolving Equipment Fund 250,000
Debt Service:
* F553-CSAH 82 Improvement Appropriation ‘06 $148,805
* F554-G.O. Street Reconstruction Bonds ‘07 179,000
* F555-G.O. Imp Bonds ‘08 (Brooksville Hills I) 91,000
* F556-G.O. Imp Bonds ’09 (Brooksville Hills II) 139,000
* F557-G.O. Imp Bonds 2010 (CR12) 109,000
* F558-G.O. Imp Bonds 2011A (Boudin I/Arcadia ROW) 167,000
* F559-G.O. Imp Bonds 2011B (Boudins II/Arcadia) 201,000
* F317-G.O. CIP Refunding Bonds 2012A 587,058
* F560-G.O. Imp Bonds 2013A (Welcome,CR12,Sunset) 15,000
* F561-G.O. Imp bonds 2014A (Maplewood,Crest,Carriage) 241,000
** F316-Park Refunding Bonds ‘05 820,475
** F318-Fire Station #2 Referendum Bonds ‘06 215,018
Total Debt Service 2,913,356
Total $ 10,206,586
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 22nd DAY OF SEPTEMBER, 2014.
VOTE Hedberg Keeney McGuire Morton Soukup
Aye
☒☒☒☒☒
Nay
☐☐☐☐☐
Absent
☐☐☐☐☐
Abstain
☐☐☐☐☐
______________________________
Frank Boyles, City Manager