HomeMy WebLinkAbout16-130 2017 Preliminary Budget and Property Tax Levy
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 16-130
A RESOLUTION ADOPTING PROPOSED 2017 CITY BUDGETS AND CERTIFYING
PRELIMINARY 2017 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: McGuire Second By: Keeney
WHEREAS, State statute requires that the Prior Lake City Council 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 2017
are estimated as follows; and
General Fund $ 13,097,917
Debt Service Funds 5,019,318
Cable Fund 11,250
Capital Park Fund 0
Revolving Equipment Fund 872,704
Revolving Park Equipment Fund 213,406
Facilities Management Fund 232,140
EDA 160,825
Water Fund 6,027,065
Sewer Fund 4,463,295
Water Quality Fund 1,383,983
Total $ 31,481,903
WHEREAS,
The proposed property tax levy for the City of Prior Lake for payable year 2017
is as follows; and
General Purposes $ 7,271,555
Revolving Equipment Fund 375,000
Revolving Park Equipment Fund 213,406
EDA 140,000
Debt Service 3,646,956
Total $ 11,646,917
WHEREAS,
WHEREAS,
WHEREAS,
The proposed property tax levy by tax base for the City of Prior Lake for
payable year 2017 is as follows; and
Tax Capacity Based Levy $ 10,628,897
Market Value Based Referenda Levy 1,018,020
Total $ 11,646,917
The proposed City of Prior Lake property tax levy for the year payable 2017
represents a $568,555 or 5.13% increase in total tax levy (including the
Economic Development Authority levy); and
The City Council will consider the 2017 General Fund, Debt Service Funds,
Cable Fund, Capital Park Fund, Revolving Equipment Fund, Revolving Park
Equipment Fund, Facilities Management Fund, EDA Special Revenue Fund
and Enterprise Fund Budgets and the Final 2017 Property Tax Levy during its
regularly scheduled council meeting at 7:00 p.m. on Monday November 28,
2016 at 4646 Dakota Street SE, Prior Lake with a continuation (if necessary)
at 7:00 p.m. on December 12, 2016.
NOW THEREFORE, 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 2017:
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 26th DAY OF SEPTEMBER 2016
VOTE Hedberg Keeney McGuire Morton Thompson
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
____________________________
Frank Boyles, City Manager
Purpose Amount Amount
* General City Purposes $7,271,555
* Revolving Equipment Fund 375,000
* Revolving Park Equipment Fund 213,406
* EDA 140,000
Debt Service:
* F553-CSAH 82 Improvement Appropriation ‘06 $147,925
* F554-G.O. Street Reconstruction Bonds ‘07 169,000
* F555-G.O. Imp Bonds ‘08 (Brooksville Hills I) 85,000
* F556-G.O. Imp Bonds ’09 (Brooksville Hills II) 140,000
* F557-G.O. Imp Bonds 2010 (CR12) 109,000
* F558-G.O. Imp Bonds 2011A (Boudin I/Arcadia ROW) 142,000
* F559-G.O. Imp Bonds 2011B (Boudins II/Arcadia) 201,000
* F317-G.O. CIP Refunding Bonds 2012A 610,958
* F560-G.O. Imp Bonds 2013A (Welcome, CR12, Sunset) 165,000
* F561-G.O. Imp Bonds 2014A (Maplewood, Crest, Carriage) 243,000
* F562-Guaranteed Energy Savings Program 285,000
* F564-G.O. Imp Bonds 2015B (150th/13) 142,199
* F565, 566, 567-G.O. Imp Bonds 2016A (Manitou) 83,645
* F566-G.O. Imp Bonds 2016A (150th/13) 38,850
* F567-G.O. Imp Bonds 2016A (Equipment) 66,360
** F316-Park Refunding Bonds ‘05 792,838
** F318-Fire Station #2 Referendum Bonds ‘06 225,181
Total Debt Service 3,646,956
Total $ 11,646,917