HomeMy WebLinkAbout89-28
RESOLUTION 89-28
A RESOLUTION CERTIFYING INITIAL "PROPOSED" 1990
CITY OF PRIOR LAKE TAX LEVY TO SCOTT COUNTY AUDITOR
MOTION
BY: LARSON
SECONDED BY FITZGERALD
WHEREAS, Truth in Taxation provisions within the 1989 property
tax legislation requires a proposed property tax levy
certification to the county auditor's office of Scott
County;
WHEREAS, the City Council of the City of Prior Lake anticipates
a 1990 Operating Budget increase of approximately 4.6%
which would amount to $4,046,895.00 exclusive of
enterprise fund transfers, and subject to approval by
the Council following the course of public hearings
scheduled for the month of November; and,
WHEREAS, the total proposed property tax levy approved has been
estimated to be $2,544,785.00; and
WHEREAS, this proposed city of Prior Lake property tax levy for
the year payable 1990 represents an increase of 23%;
and
WHEREAS,
the State of Minnesota shift in local
account for approximately 14% of
levy increase; and
government aids
the property tax
WHEREAS, special levies account
aforementioned levy; and
WHEREAS, the City of Prior Lake's operating budget tax levy
subject to the levy limitation would be equivalent to
$1,917,890.00; and
for
$626,895.00
of
the
WHEREAS, The City of Prior Lake's levy limitation is projected
to be $1,917,919.00.
NOW, THEREFORE BE IT RESOLVED, by the Mayor and City Council that
the initial tax levy proposal be distributed upon the taxable
property in said City for the following purposes in payable 1990:
* For General City Purposes
* 3,450,000.00 Bonds '86 (North Shore)
* 225,000.00 Bonds '87 (Carriage Hill)
* 390,000.00 Bonds '88 (North Shore Oaks)
* 1,175,000.00 Bonds '89 (Downtown Project)
** Capital Park Bonds of '73 & '77
$ 2,190,030.00
200,000.00
30,000.00
10,000.00
77,000.00
37,755.00
$ 2,544,785.00
4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447-4245
Note: Single starred funds shall be spread over the entire
consolidated City of Prior Lake.
Note: Double starred funds shall be spread over the consolidated
City except for the former Savage portion subject to
annexation.
Note: All other bond issues have sufficient fund balances to
cover debt requirements.
Passed and adopted this 6th day of November, 1989.
Andren
Fitzgerald
Larson
Scott
White
YES
X
X-
X-
abSent
X
NO
Andren
Fitzgerald
Larson
Scott
White
{Seal}