HomeMy WebLinkAbout18-195 2019 Final Budget and Property Tax Levy
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 18-195
A RESOLUTION ADOPTING 2019 CITY BUDGETS AND CERTIFYING
FINAL 2019 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: Braid Second By: Burkart
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, The City Council hereby adopts the following budgets for the City of Prior Lake for
calendar year 2019; and
General Fund $ 13,554,319
Debt Service Funds 5,480,327
Cable Fund 17,805
Capital Park Fund 470,000
Revolving Equipment Fund 1,149,336
Revolving Park Equipment Fund 289,292
Permanent Improvement Revolving Fund 886,933
Facilities Management Fund 89,963
EDA 149,817
Water Fund 5,257,031
Sewer Fund 3,598,410
Water Quality Fund 1,001,502
Total $ 31,944,735
WHEREAS,
The property tax levy for the City of Prior Lake for payable year 2019 is as follows; and
General Purposes $ 8,146,555
Revolving Equipment Fund 600,000
Revolving Park Equipment Fund 289,292
Permanent Improvement Revolving Fund 95,000
EDA 150,000
Debt Service 3,497,188
Total $ 12,778,035
WHEREAS,
The property tax levy by tax base for the City of Prior Lake for payable year 201 9 is as
follows; and
Tax Capacity Based Levy $ 12,543,617
Market Value Based Referenda Levy 234,418
Total $ 12,778,035
WHEREAS, The proposed City of Prior Lake property tax levy for the year payable 2019 represents
a $700,497 or 5.80% increase in total tax levy (including the Economic Development
Authority levy); and
The City Council will consider the 2019 General Fund, Debt Service Funds, Cable
Fund, Capital Park Fund, Revolving Equipment Fund, Revolving Park Equipment Fund,
Permanent Improvement Revolving Fund, Facilities Management Fund, EDA Special
Revenue Fund and Enterprise Fund Budgets and the Final 2019 Property Tax Levy
during its regularly scheduled council meeting at 7:00 p.m. on Monday December 3,
2018 at 4646 Dakota Street SE, Prior Lake with a continuation (if necessary) at 7:00
p.m. on December 17, 2018.
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 2019:
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.
Purpose Amount Amount
* General City Purposes 8,146,555
* Revolving Equipment Fund 600,000
* Revolving Park Equipment Fund (Park Equipment & Trail Replacement) 289,292
* Permanent Improvement Revolving Fund (Street Overlay) 95,000
* EDA 150,000
Debt Service:
* F556-G.O. Imp Bonds ’09 (Brooksville Hills II) 126,000
* F557-G.O. Imp Bonds 2010 (CR12) 114,000
* F558-G.O. Imp Bonds 2011A (Boudin I/Arcadia ROW) 132,000
* F559-G.O. Imp Bonds 2011B (Boudins II/Arcadia) 176,000
* F317-G.O. CIP Refunding Bonds 2012A 642,858
* F560-G.O. Imp Bonds 2013A (Welcome, CR12, Sunset) 184,000
* F561-G.O. Imp Bonds 2014A (Maplewood, Crest, Carriage) 198,000
* F562-Guaranteed Energy Savings Program 237,614
* F564-G.O. Imp Bonds 2015B (150th/13) 275,557
* F565, 566, 567-G.O. Imp Bonds 2016A (Manitou) 77,604
* F566-G.O. Imp Bonds 2016A (150th/13) 42,735
* F567-G.O. Imp Bonds 2016A (Equipment) 69,300
* F568-G.O. Imp Bonds 2017A (Cates, Balsam, Franklin, Sycamore) 318,644
* F569-G.O. Imp Bonds 2017A (Mill and Overlay) 2,099
* F570-G.O. Imp Bonds 2018A (Equip, CIP, Imp, Street Recon) 660,239
* F571-G.O. Imp Bonds 2018A (Mill and Overlay) 6,120
** F318-Fire Station #2 Referendum Bonds ‘06 234,418
Total Debt Service 3,497,188
Total $ 12,778,035
PASSED AND ADOPTED THIS 3rd DAY OF DECEMBER 2018.
VOTE Briggs McGuire Thompson Braid Burkart
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
______________________________
Frank Boyles, City Manager