HomeMy WebLinkAbout06-167
A RESOLUTION ADOPTING PROPOSED 2007 CITY BUDGETS AND CERTIFYING
PRELIMINARY 2007 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
MOTION BY:
Millar
SECOND BY:
LeMair
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.
WHEREAS, The City Council of the City of Prior lake anticipates a 2007 General Fund Operating
Budget increase of approximately 5.8%, which would amount to $11,465,807.00, and
subject to approval by the City Council at its budget adoption proceeding scheduled for
December 18, 2006.
WHEREAS, The City of Prior lake's proposed 2007 Enterprise Fund budgets total an aggregate
$4,590,757.00 which includes the Water & Sewer Utility, Water Quality Utility and
Transit Services.
WHEREAS, The total proposed property tax levy approved has been determined to be
$8,498,777.00.
WHEREAS, The City of Prior lake hereby certifies that the levy certification rate will increase for
payable 2007 property taxes.
WHEREAS, The proposed City of Prior lake property tax levy for the year payable 2007 represents
an increase of 5.10%.
WHEREAS, The City Council will consider the 2007 General Operating Budget, Enterprise Fund
Budgets and the Final 2007 Property Tax levy during its regularly scheduled council
meeting at 6:00 p.m. on Monday December 4, 2006 at 16776 Fish Point Road, Prior
lake with a continuation (if necessary) at 6:00 p.m. on December 11, 2006.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE that:
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 2007:
PurDose
Amoun~
*
For General City Purposes
Revolving Equipment Fund
G.O. Improvement Bonds '97 (Pike lake)
$5,979,130.00
$290,000.00
$56,000.00
*
*
www.cityofpriorlake.com
Phone 952.447.4230 / Fax 952.447.4245
* 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) $100,000.00
* G.O. Building Bonds '05 (EDA) $565,735.00
* CSAH 82 Improvement '06 $152,963.00
** Fire Hall Referendum Bonds '93 $170,540.00
** Park Referendum Bonds '97 $591 A09.00
Total... $8,498,777.00
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 5th day of September, 2006.
Haugen
Dornbush
Erickson
leMair
Millar
YES
X Haugen
X Dornbush
X Erickson
X leMair
X Millar
City Manag?:J J-I
City of Prior lake
NO
{Seal}
1:\COUNCIL\RESOLUTI\FINARES\2006\06-167 Prelim 2007 Budget.doc