HomeMy WebLinkAbout23-125 Resolution Approving Preliminary 2024 EDA Budget and Property Tax Levy
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 23-125
A RESOLUTION ADOPTING PROPOSED 2024 ECONOMIC DEVELOPMENT AUTHORITY
BUDGET AND CERTIFYING PRELIMINARY 2024 ECONOMIC DEVELOPMENT AUTHORITY
PROPERTY TAX LEVY TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: Braid Second By: Briggs
WHEREAS, 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 2024 has been
determined to be approximately $1,133,998; and
WHEREAS, the Prior Lake EDA, at its regularly scheduled meeting of September 11,
2023, authorized a 2024 tax levy for economic development purposes in the
amount of $390,000 and a 2024 budget of $647,396.
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 $390,000 and proposed budget of $647,396 are approved for payable
year 2024.
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 2024.
Passed and adopted by the Prior Lake City Council this 18th day of September 2023
VOTE Briggs Braid Burkart Churchill Lake
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Jason Wedel, City Manager