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RESOLUTION 89-19
A RESOLUTION CERTIFYING INITIAL "PROPOSED" 1990
CITY OF PRIOR LAKE TAX LEVY TO SCOTT COUNTY AUDITOR
Governor Perpich's veto of the 1989
has created the need for cities to
property tax legislation; and
WHEREAS, the circumstances surrounding the veto has resulted in
the requirement of the City to adopt a premature levy
before the completion of the normal budget process; and
MOTION
BY:
FITZGERALD
SECONDED BY
WHEREAS,
LARSON
Omnibus Tax
comply with
Bill
1988
WHEREAS, the city Council of the City of Prior Lake anticipates
a 1990 Operating Budget increase of approximately 7%
which would amount to $4,140,115.00 and would be
subject to approval following the course of upcoming
public hearings scheduled for the month of Septemberi
and,
WHEREAS, the total proposed property tax levy approved has been
estimated to be $2,272,625.00; and
WHEREAS, this proposed City of Prior Lake pro~erty tax levy for
the year payable 1990 represents an lncrease of 9.75%;
and
WHEREAS, special levies account
aforementioned levy; and
for
$627,390.00
of
the
WHEREAS, the City of Prior Lake's operating budget tax levy
subject to the levy limitation would be equivalent to
$1,645,235.00i and
WHEREAS, The City of Prior Lake's levy limitation is projected
to be $1,645,235.00.
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
$ l,917,870.00
200,000.00
30,000.00
10,000.00
77,000.00
37,755.00
$ 2,272,625.00
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 17 th day of
YES
July , 1989.
NO
Andren
Fitzgerald
Larson
Scott
White
x
X-
X-
X-
X-
Andren
Fitzgerald
Larson
Scott
White
{Seal}