HomeMy WebLinkAbout07-216 2008 Budget and Tax Levy
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4646 Dakota Street S.E.
Prior Lake, MN 5.5,372-1714
RESOLUTION 07-216
RESOLUTION ADOPTING 2008 PRIOR LAKE BUDGETS AND
CERTIFYING FINAL 2008 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: Hedberg
Second By: Erickson
WHEREAS, The City Council of the City of Prior Lake hereby adopts the 2008 General Fund
Operating Budget in the amount of $12,426,431.00, an Enterprise Fund Budget of
$4,411,188.00 and Transit Services Budget of $575,651.00 following a period of
comment and discussion during the course of a public hearing held December 3, 2007;
and
WHEREAS, The City of Prior Lake's general fund operating budget tax levy is hereby equivalent to
$8,131,224.00; and
WHEREAS, The revolving equipment fund levy amount is calculated to be $300,000.00; and
WHEREAS, A Scott County c:ooperative agreement appropriation of $136,663.00 for CSAH 82 is
included; and.
WHEREAS, Special debt levies account for an additional tax levy of $797,550.00; and.
WHEREAS, The total property tax levy approved has been determined to be $9,365,437.00.
NOW THEREFORE, BE IT HERE:BY 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 2008:
Puroose Amount
* For General City Purposes $6,554,743.00
* Revolving Equipment Fund $300,000.00
* G.O. Improvement Bonds '98 (Duluth) $60,000.00
* G.O. Improvement Bonds '99 (Candy Cove) $53,000.00
* G.O. Improvement Bonds '00 (Oak Ridge) $77,000.00
* G.O. Improvement Bonds '01 (Frog Town) $62,000.00
* G.O. Improvement Bonds '02 (Pixie Point) $63,000.00
* G.O. Improvement Bonds '03 (150th Street) $120,000.00
* G.O. Improvement Bonds '04 (Breezy Point) $183,000.00
* CSAH 82 Improvement Appropriation '06 $136,663.00
* G.O. Street Reconstrllction Bonds '07 $179,550.00
* G.O. Building Bonds '05 (EDA) $576,170.00
www.cit}.!ofpriorl?ke.com
Phone 952.447.9800 / Fax 952.447.4245
** Fire Hall Referendum Bonds '93
** Park Referendum Bonds '97
** Fire Station Referendum Bonds '06
$165,400.00
$624,581.00
$210.330.00
Total... $9,365,437.00
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 '17TH DAY OF DECEMBER, 2007.
Haugen
Erickson
Hedberg
LeMair
Millar
Haugen
Erickson
Hedberg
LeMair
X Millar
Fr:!-d, City Manager
YES
X
X
X
NO
X
M:ICOUNCILIRESOLUTIIFinanceI2007107-216 2008 Budget and Tax Levy,doc