HomeMy WebLinkAbout05-198
Motion By: Fleming
Second By: Petersen
WHEREAS, The City Council of the City of Prior lake hereby adopts the 2006 General Fund
Operating Budget in the amount of $10,840,734.00, an Enterprise Fund Budget of
$3.312.230.00 and Transit Services Budget of $592.068.00 following a period of
comment and discussion during the course of a public hearing held December 5, 2005.
WHEREAS, The City of Prior lake's general fund operating budget tax levy is hereby equivalent to
$6.931.236.00.
WHEREAS, The revolving equipment fund levy amount is calculated to be $280,000.00.
WHEREAS, Special debt levies account for an additional tax levy of $875.000.00.
WHEREAS, The total property tax levy approved has been determined to be $8.086.236.00.
NOW THEREFORE, BE IT HEREBY RESOL VEO 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
* 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
* G.O. 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
* G.O. 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 ~575.760.00
Total... $8,086,236.00
R'\RESOI UTI'FINARi=S\Or:..'j 0<> A"o"t 2r\f)1'; "';jrl,.,,,,,. .",.,lI.AllUI;JCl....t"\fnn(''lrI..'''\,~rJ:V1l"" rio~
..~ ... \ I A..."'. . ~.I ....<u \.I~; ..'oJ"",,.! 1.)"t...~t:~; C-A:.U~~;rJ"!hy ~""'f'~ ,~r..'f;~vy.,,,, "..
Phone 952.447.4230 / Fax 952.447.4245
I I
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 19TH DAY OF DECEMBER, 2005.
YES
NO
Hauaen X Hauaen
Flemlna X Flemlna
LeMalr X LeMair
Petersen X Petersen
Zleska X Zleska
Frank BOYle~ tt-
R:IRESOLUTI\FINARESI05-198 Adopt 2006 Budget and Certify Final Property Tax Levy,doc
I [