HomeMy WebLinkAbout16-177 2017 Final Budget and Property Tax Levy
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 16-177
A RESOLUTION ADOPTING 2017 CITY BUDGETS AND CERTIFYING
FINAL 2017 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: McGuire Second By: Keeney
WHEREAS,
The Prior Lake City Council conducted a public budget meeting on November 28, 2016
pursuant to State requirements; and continued their discussion until the December 12,
2016 meeting; and
WHEREAS,
The City Council hereby adopts the following budgets for the City of Prior Lake for
calendar year 2017; and
General Fund $ 13,070,878
Debt Service Funds 5,019,318
Cable Fund 11,250
Capital Park Fund 0
Revolving Equipment Fund 872,704
Revolving Park Equipment Fund 223,406
Facilities Management Fund 232,140
EDA 160,825
Water Fund 6,025,897
Sewer Fund 4,461,398
Storm Water Utility Fund 1,388,206
Total $ 31,466,022
WHEREAS,
The proposed property tax levy for the City of Prior Lake for payable year 2017 is as
follows; and
General Purposes $ 7,192,793
Revolving Equipment Fund 375,000
Revolving Park Equipment Fund 213,406
EDA 140,000
Debt Service 3,646,956
Total $ 11,568,155
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 $ 10,550,136
Market Value Based Referenda Levy 1,018,019
Total $ 11,568,155
WHEREAS,
The proposed City of Prior Lake property tax levy for the year payable 2017 represents
a $489,794 or 4.42% increase in total tax levy (including the Economic Development
Authority levy); and
WHEREAS,
The City Council considered the 2017 General Fund, Debt Service Funds, Cable Fund,
Capital Park Fund, Revolving Equipment Fund, Revolving Park Equipment Fund,
Facilities Management Fund, Economic Development Authority 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 December 12, 2016 at 4646 Dakota
Street SE, Prior Lake.
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 represent tax capacity based property tax levies.
Note: Double starred funds represent market value based referendum taxes.
Note: All other bond issues have sufficient fund balances to cover debt requirements.
Purpose Amount Amount
* General City Purposes $ 7,192,793
* 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 $ 11,568,155
PASSED AND ADOPTED THIS 12th DAY OF DECEMBER, 2016.
______________________________
Frank Boyles, City Manager
VOTE Hedberg Keeney McGuire Morton Thompson
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐