HomeMy WebLinkAbout06-222
16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 06-222
RESOLUTION ADOPTING 2007 PRIOR LAKE BUDGETS AND
CERTIFYING FINAL 2007 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: LeMair
Second By: Millar
WHEREAS, The City Council of the City of Prior Lake hereby adopts the 2007 General Fund
Operating Budget in the amount of $11,685,807.00, an Enterprise Fund Budget of
$4,009,178.00 and Transit Services Budget of $581,579.00 following a period of
comment and discussion during the course of a public hearing held December 4, 2006;
and
WHEREAS, The City of Prior Lake's general fund operating budget tax levy is hereby equivalent to
$7,526,814.00; and
WHEREAS, The revolving equipment fund levy amount is calculated to be $290,000.00; and
WHEREAS, A Scott County cooperative agreement appropriation of $152,963.00 for CSAH 82 is
included; and.
WHEREAS, Special debt levies account for an additional tax levy of $749,000.00; and.
WHEREAS, The total property tax levy approved has been determined to be $8,718,777.00.
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 proposed tax levy be distributed upon the taxable property in said City for the following
purposes in payable 2007:
PurDose Amount
* For General City Purposes $5,979,130.00
* Revolving Equipment Fund $290,000.00
* G.O. Improvement Bonds '97 (Pike Lake) $56,000.00
* 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
www.cityofpriorlake.com
Phone 952.447.4230 / Fax 952.447.4245
*
CSAH 82 Improvement Appropriation
Fire Hall Referendum Bonds '93
Park Referendum Bonds '97
Fire Station Referendum Bonds '06
$152,963.00
$170,540.00
$591,409.00
$220,000.00
Total... $8,718,777.00
**
**
**
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 18TH DAY OF DECEMBER, 2006.
Haugen
Dornbush
Erickson
LeMair
Millar
YES
X
X
X
X
X
NO
Haugen
Dornbush
Erickson
LeMair
Millar
~. ,1~ !--
Frank BOYle~,~anager
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