HomeMy WebLinkAbout24-143 Resolution Approving Final 2025 City Budget and Tax Levey4646 Dakota Street SE
Prior Lake. MN 55372
RESOLUTION 24-143
A RESOLUTION ADOPTING 2025 CITY BUDGETS AND CERTIFYING
2025 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: Second By: ---------
WHEREAS, State statute requires that the Prior Lake City Council certify a property tax levy
to the Scott County Department of Taxation; and
WHEREAS, final budget amounts for the City of Prior Lake for calendar year 2025 are
estimated as follows; and
General Fund Debt Service Funds
Cable Fund Capital Park Fund
Revolving Equipment Fund Revolving Park Equipment Fund
Permanent Improvement Revolving Fund Facilities Management Fund
Water Fund Sewer Fund
Water Quality Fund
Total
$ 22,168,668 5,185,248
3,700 2,505,600 1,074,200 2,060,000 369,736 787,175
5,847,906 5,179,585
2,334,004
$47,515,822
WHEREAS, the property tax levy for the City of Prior Lake for payable year 2025 is as follows; and
General Purposes Revolving Equipment Fund
Revolving Park Equipment Fund Permanent Improvement Revolving Fund
Facilities Management Fund Debt Service
Total
$ 14,848,732 875,000
535,000
255,000 3,341,678
$ 19,855,410
WHEREAS, the City of Prior Lake property tax levy for the year payable 2025 of $19,855,410
represents a $1,140,120 or 6.09% increase; and
WHEREAS, the City Council will consider the 2025 General Fund, Debt Service Funds, Cable
Fund, Capital Park Fund, Revolving Equipment Fund, Revolving Park Equipment Fund, Permanent Improvement Revolving Fund, Facilities Management Fund and
Enterprise Fund Budgets and the Final 2025 Property Tax Levy during its regularly
scheduled council meeting at 7:00 p.m. on Tuesday December 10, 2024 at 4646 Dakota Street SE, Prior Lake with a continuation (if necessary) at 7:00 p.m. on
December 26, 2024.
Braid Briggs
M:\1- Deputy Clerk- Admin Assistant\Council Meeting Printing Folder\Manually Compiling Folder\Attachment 1Resolution 1 - Consider Approval of a Resolution
Approving Final 2025 City Budgets and Property Tax Levy.docx 2
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 2025:
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 by the Prior Lake City Council this 10th day of December 2024.
VOTE Briggs Braid Burkart Churchill Lake
Aye
Nay
Abstain
Absent
Jason Wedel, City Manager
Purpose Amount Amount
General City Purposes 14,848,732
Revolving Equipment Fund 875,000
Revolving Park Equipment Fund (Park Equipment & Trail
Replacement)
535,000
Permanent Improvement Revolving Fund (Street Overlay) -
Facilities Management Fund 255,000
Debt Service:
F410 Revolving Equipment Fund Tax Levy in Advance 150,000
F562-Guaranteed Energy Savings Program 110,305
F563-G.O. Imp Bonds 2015B (150th/13) 610,359
F565-G.O. Imp Bonds 2016A (Manitou) 68,401
F566-G.O. Imp Bonds 2016A (150th/13) 38,325
F568-G.O. Imp Bonds 2017A (Cates, Balsam, Franklin, Sycamore) 264,529
F570-G.O. Imp Bonds 2018A (Equip, CIP, Imp, Street Recon) 479,829
F572-G.O. Imp Bonds 2019A (Street and Capital Improvements)
F574-G.O. Imp Bonds 2021A (Street, Equipment, Refunding)
F575-G.O. Imp Bonds 2021B (Refunding)
F576-G.O. Imp Bonds 2022A (Street and Capital Improvements)
206,157
267,229
722,138
161,918
F318-Fire Station #2 Referendum Bonds ‘06 262,488
Total Debt Service 3,341,678
Total $ 19,855,410