HomeMy WebLinkAbout05-15516200 Ea§le Creek Avenue $.E.
Prior Lake, MN 55372-1714
RESOLUTION 05-155
A RESOLUTION ADOPTING PROPOSED 2006 CITY BUDGETS AND CERTIFYING
PRELIMINARY 2006 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: LeMair Second By: Fleming
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.
WHEREAS,
The City Council of the City of Prior Lake anticipates a 2006 General Fund Operating
Budget increase of approximately 8.8%, which would amount to $10,840,734.00, and
subject to approval by the City Council at its budget adoption proceeding scheduled for
December 19, 2005.
WHEREAS,
The City of Prior Lake's proposed 2006 Enterprise Fund budgets total an aggregate
$3,904,298.00 which includes the Water & Sewer Utility, Water Quality Utility and
Transit Services.
WHEREAS,
The total proposed property tax levy approved has been determined to be
$8,086,236.00.
WHEREAS,
The City of Prior Lake hereby certifies that the levy certification rate will increase for
payable 2006 property taxes.
WHEREAS,
The proposed City of Prior Lake property tax levy for the year payable 2006 represents
an increase of 10.6%.
WHEREAS,
The City Council will consider the 2006 General Operating Budget, Enterprise Fund
Budgets and the Final 2006 Property Tax Levy during its regularly scheduled council
meeting at 7:00 p.m. on Monday December 5, 2005 at 16776 Fish Point Road, Prior
Lake with a continuation (if necessary) at 7:00 p.m. on December 12, 2005.
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 2006:
Purpose Amount.
* For General City Purposes $5,641,201.00
* Revolving Equipment Fund $280,000.00
* G.O. Improvement Bonds '96 (Northwood) $55,000.00
R:\RESOLUTI\FINARES\05-155 prelim budget, doc www.cityofpriorlake.com
Phone 952.447.4230 / Fax952.447.4245
Note:
Note:
Note:
* G.O. Improvement Bonds '97 (Pike Lake) $56,000.00
* G.O. Improvement Bonds '98 (Duluth) $58,000.00
* G.O. Improvement Bonds '99 (Candy Cove) $55,000.00
* G.O. Improvement Bonds '00 (Oak Ridge) $71,000.00
* (3.0. Improvement Bonds '01 (Frog Town) $59,000.00
* G.O. Improvement Bonds '02 (Pixie Point) $59,000.00
* G.O. Improvement Bonds '03 (150th Street) $106,000.00
* G.O. Improvement Bonds '04 (Breezy Point) $185,000.00
* (3.0. Improvement Bonds '05 (Fish Point) $171,000.00
* G.O. Building Bonds '05 (EDA) $538,735.00
** Fire Hall Referendum Bonds '93 $175,540.00
** Park Referendum Bonds '97 $575,760.0p
Total... $8,086,238.00
Single starred funds shall be spread over the entire consolidated City of Prior Lake.
Double starred funds represent market value based referendum taxes and shall be spread over
the entire consolidated City of Prior Lake.
All other bond issues have sufficient fund balances to cover debt requirements.
PASSED AND ADOPTED THIS 6TH DAY OF SEPTEMBER, 2005.
YES NO
Hau~len X Haugen
Flemin~l X Flemin~l
LeMa!r X LeMair
Petersen X Petersen
Zleska X Zieska
Frank ~
Boyles,
R:\RESOLUTI\FINARES\05-155 proposed budget and prelim tax levy 2006.doc