HomeMy WebLinkAbout04-140
16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 04-140
A RESOLUTION ADOPTING PROPOSED 2005 CITY BUDGETS AND
CERTIFYING PRELIMINARY 2005 CITY OF PRIOR LAKE
PROPERTY TAX LEVY TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: LEMAI R
Second By: ZIESKA
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, the City Council of the City of Prior Lake anticipates a 2005 General Fund Operating
Budget increase of approximately 10.60/0 which would amount to $9,675,333.00, and
subject to approval by the City Council at its budget adoption proceeding scheduled for
December 20, 2004; and
WHEREAS, the City of Prior Lake's proposed 2005 Enterprise Fund budgets total an aggregate
$3,980,249.00 which includes the Water & Sewer Utility, Water Quality Utility and Transit
Services; and
WHEREAS, the total proposed property tax levy approved has been determined to be $7,314,969.00;
and
WHEREAS, the City of Prior Lake hereby certifies that the levy certification rate will increase for
payable 2005 property taxes; and
WHEREAS, the proposed City of Prior Lake property tax levy for the year payable 2005 represents an
increase of 110/0; and
WHEREAS, the City Council will consider the 2005 General Operating Budget, Enterprise Fund
Budgets and the Final 2005 Property Tax Levy during its regularly scheduled Council
meeting at 7:00pm on Monday, December 6, 2004 at 16776 Fish Point Road, Prior Lake
with a continuation (if necessary) at 7:00pm on December 13, 2004.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA
that:
1. The recitals set forth above are incorporated herein.
2. The proposed tax levy be distributed upon the taxable property in said City for the following
purposes in payable 2005:
www.cityofpriorlake.com
Phone 952.447.4230 / Fax 952.447.4245
Purpose Amount
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I **Fire Hall Referendum Bonds '93 I $164,915.00 I
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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 7TH DAY OF SEPTEMBER, 2004.
Haugen X Hauaen
Blomberg X Blomberg
LeMair X LeMair
Petersen X Petersen
Zieska X Zieska
YES
NO
City Man:!.&:; Lake
R:\RESOLUTI\FI NARES\2004\04-140. DOC