HomeMy WebLinkAbout22-115 Preliminary 2023 EDA Budget and Property Tax Levy
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 22-115
A RESOLUTION ADOPTING PROPOSED 2023 ECONOMIC DEVELOPMENT AUTHORITY
BUDGET AND CERTIFYING PRELIMINARY 2023 ECONOMIC DEVELOPMENT AUTHORITY
PROPERTY TAX LEVY TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: Braid Second By: Churchill
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; and
WHEREAS, State Statute 469.107 subd. 1 provides that a city may, at the request of the
Economic Development Authority, levy a tax in any year for the benefit of the
authority in an amount not to exceed 0.01813 percent of taxable market value;
and
WHEREAS, the maximum allowable EDA property tax levy for payable year 2023 has been
determined to be approximately $962,000; and
WHEREAS, the Prior Lake EDA, at its regularly scheduled meeting of June 29, 2022,
authorized a 2023 tax levy for economic development purposes in the amount
of $370,000 and a 2023 budget of $627,615.
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. A preliminary tax levy of $370,000 and proposed budget of $627,615 are approved for payable
year 2023.
3. That the proposed Economic Development Authority tax levy be distributed upon the taxable
property in said City for the purposes of economic development in payable 2023.
Passed and adopted by the Prior Lake City Council this 19th day of September 2022
VOTE Briggs Thompson Burkart Braid Churchill
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Jason Wedel, City Manager