HomeMy WebLinkAbout14-149 2015 Preliminary Budget and Property Tax Levy (EDA)
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 14-149
A RESOLUTION ADOPTING PROPOSED 2015 ECONOMIC DEVELOPMENT AUTHORITY
BUDGET AND CERTIFYING PRELIMINARY 2015 ECONOMIC DEVELOPMENT AUTHORITY
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, 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 2015 has been
determined to be approximately $476,000; and
WHEREAS, The Prior Lake EDA, at its regularly scheduled meeting of August 18, 2014, authorized
a 2015 tax levy for economic development purposes in the amount of $187,500 and a
2015 budget of $195,000.
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.A preliminary tax levy of $187,500 and proposed budget of $195,000 are approved for payable year 2015.
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 2015.
PASSED AND ADOPTED THIS 22nd DAY OF SEPTEMBER, 2014.
VOTE Hedberg Keeney McGuire Morton Soukup
Aye
☒☒☒☒☒
Nay
☐☐☐☐☐
Absent
☐☐☐☐☐
Abstain
☐☐☐☐☐
______________________________
Frank Boyles, City Manager