HomeMy WebLinkAbout19-143 2020 Budget Resolution - 2020 Final Budget and Property Tax Levy - FINAL
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 19-143
A RESOLUTION ADOPTING 2020 CITY BUDGETS AND CERTIFYING
FINAL 2020 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: Briggs Second By: Braid
WHEREAS, State statute requires that the Prior Lake City Council certify a 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 2020; and
General Fund $ 14,656,748
Debt Service Funds 5,432,317
Cable Fund 9,200
Capital Park Fund -
Revolving Equipment Fund 1,200,000
Revolving Park Equipment Fund 346,000
Permanent Improvement Revolving Fund 979,933
Facilities Management Fund 114,000
EDA 453,135
Water Fund 3,401,315
Sewer Fund 3,465,196
Water Quality Fund 819,692
Total $ 30,877,536
WHEREAS,
The property tax levy for the City of Prior Lake for payable year 2020 is as follows; and
General Purposes $ 8,711,099
Revolving Equipment Fund 625,000
Revolving Park Equipment Fund 319,000
Permanent Improvement Revolving Fund 80,000
Facilities Management Fund 30,000
EDA 274,750
Debt Service 3,561,288
Total $ 13,601,137
WHEREAS,
The property tax levy by tax base for the City of Prior Lake for payable year 2020 is as
follows; and
Tax Capacity Based Levy $ 13,359,080
Market Value Based Referenda Levy 242,057
Total $ 13,601,137
WHEREAS, The City of Prior Lake property tax levy for the year payable 2020 represents a
$823,102 or 6.44% increase in total tax levy (including the Economic Development
Authority levy); and
The City Council will consider the 2020 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 2020 Property Tax Levy
during its regularly scheduled council meeting at 7:00 p.m. on Monday December 2,
2019 at 4646 Dakota Street SE, Prior Lake with a continuation (if necessary) at 7:00
p.m. on December 16, 2019.
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 tax levy be distributed upon the taxable property in said City for the following purposes in payable
2020:
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 8,711,099
* Revolving Equipment Fund 625,000
* Revolving Park Equipment Fund (Park Equipment & Trail Replacement) 319,000
* Permanent Improvement Revolving Fund (Street Overlay) 80,000
* Facilities Management Fund 30,000
* EDA 274,750
Debt Service:
* F557-G.O. Imp Bonds 2010 (CR12) 124,000
* F558-G.O. Imp Bonds 2011A (Boudin I/Arcadia ROW) 167,000
* F559-G.O. Imp Bonds 2011B (Boudins II/Arcadia) 181,000
* F317-G.O. CIP Refunding Bonds 2012A 663,158
* F560-G.O. Imp Bonds 2013A (Welcome, CR12, Sunset) 170,000
* F561-G.O. Imp Bonds 2014A (Maplewood, Crest, Carriage) 160,500
* F562-Guaranteed Energy Savings Program 300,614
* F564-G.O. Imp Bonds 2015B (150th/13) 124,382
* F565, 566, 567-G.O. Imp Bonds 2016A (Manitou) 76,904
* F566-G.O. Imp Bonds 2016A (150th/13) 42,000
* F567-G.O. Imp Bonds 2016A (Equipment) 68,040
* F568-G.O. Imp Bonds 2017A (Cates, Balsam, Franklin, Sycamore) 325,889
* F569-G.O. Imp Bonds 2017A (Mill and Overlay) 629
* F570-G.O. Imp Bonds 2018A (Equip, CIP, Imp, Street Recon) 684,623
* F571-G.O. Imp Bonds 2018A (Mill and Overlay) 6,190
* F572-G.O. Imp Bonds 2019A (Street and Capital Improvements) 224,302
** F318-Fire Station #2 Referendum Bonds ‘06 242,057
Total Debt Service 3,561,288
Total $ 13,601,137
VOTE Briggs Thompson Burkart Braid Erickson
Aye ☒ ☒ ☐ ☒ ☐
Nay ☐ ☐ ☐ ☐ ☒
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☒ ☐ ☐
______________________________
Jason Wedel, City Manager