HomeMy WebLinkAbout04-188
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 04-188
RESOLUTION ADOPTING 2005 PRIOR LAKE BUDGETS AND
CERTIFYING FINAL 2005 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
MOTION BY: BLOMBERG
SECOND BY: LEMAIR
The City Council of the City of Prior Lake hereby adopts the 2005 General Fund Operating
Budget in the amount of $9,716,033.00, an Enterprise Fund Budget of $3,426,245.00 and
Transit Services Budget of $540,038.00 following a period of comment and discussion during
the course of a public hearing held December 6,2004; and
The City of Prior Lake's general fund operating budget tax levy is hereby equivalent to
$5,912,669.00; and
The revolving equipment fund levy amount is calculated to be $280,000.00; and
The building fund levy amount is calculated to be $250,000.00; and
Special debt levies account for an additional tax levy of $871,000.00; and
The total property tax levy approved has been determined to be $7,313,669.00.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, that the proposed tax levy be
distributed upon the taxable property in said City for the following purposes in payable 2005:
Purpose Amount
* For General City Purposes $5,122,489.00
* Revolving Equipment Fund $280,000.00
* Building Fund $250,000.00
* G.O. Improvement Bonds '93 (BOP) $50,000.00
* G.O. Improvement Bonds '95 (Ridgemont) $45,000.00
* G.O. Improvement Bonds '96 (Northwood) $50,000.00
* G.O. Improvement Bonds '97 (Pike Lake) $71,000.00
* G.O. Improvement Bonds '98 (Duluth) $73,000.00
* G.O. Improvement Bonds '99 (Candy Cove) $72,000.00
* G.O. Improvement Bonds '00 (Oak Ridge) $77,000.00
* G.O. Improvement Bonds '01 (Frog Town) $64,000.00
* G.O. Improvement Bonds '02 (Pixie Point) $68,000.00
* G.O. Improvement Bonds '03 (150th Street) $116,000.00
* G.O. Improvement Bonds '04 (Breezy Point) $185,000.00
** Fire Hall Referendum Bonds '93 $164,915.00
** Park Referendum Bonds '97 $625,265.00
Total... $7,313,669.00
R:\RESOLUTI\FINARES\2004\04..188 doc
www.cityofpriorlake.com
Phone 952.447.4230 / Fax 952.447.4245
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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 20th day of December, 2004.
Haugen
Blomberg
LeMair
Petersen
Zieska
YES
X
X
X
X
X
{Seal}
R:\RESOLUTI\FINARES\2004\04..188.doc
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Haugen
Blomberg
LeMair
Petersen
Zieska
NO
Frank Boyles, c~JI--