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RESOLUTION 00-126
RESOLUTION ADOPTING 2001 PRIOR LAKE BUDGETS AND
CERTIFYING FINAL 2001 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
MOTION BY: PETERSEN
SECOND BY: GUNDLACH
WHEREAS,
The City Council of the City of Prior Lake hereby adopts the 2001 General Fund
Operating Budget in the amount of $7,517,047.00 and an Enterprise Fund Budget of
$2,088,646.00 following a period of comment and discussion during the course of a
public hearing held December 4, 2000; and
WHEREAS,
The City of Prior Lake's operating budget tax levy IS hereby equivalent to
$3,903,647.00; and
WHEREAS,
The revolving equipment fund levy amount is calculated to be $250,000.00; and
WHEREAS,
Special debt levies account for an additional tax levy of $575,000.00; and
WHEREAS,
The total property tax levy approved has been determined to be $4,728,647.00.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, that the
proposed tax levy be distributed upon the taxable property in said City for the following purposes in
payable 2001:
Purpose Amount
* For General City Purposes $2,860,709.00
* For Opt-out Transit Purposes $317,453.00
* Revolving Equipment Fund $250,000.00
* G.O. Improvement Bonds '94 (Prior South) $64,000.00
* G.O. Improvement Bonds '95 (Ridgemont) $110,000.00
* G.O. Improvement Bonds '96 (Northwood) $68,000.00
* G.O. Improvement Bonds '97 (Pike Lake) $84,000.00
* G.O. Improvement Bonds '98 (Duluth) $82,000.00
* G.O. Improvement Bonds '99 (Candy Cove) $84,000.00
* G.O. Improvement Bonds '00 (Oak Ridge) $83,000.00
** Fire Hall Referendum Bonds '93 $164,115.00
** Park Referendum Bonds '97 $561,370.00
Total... $4,728,647.00
Note: Single starred funds shall be spread over the entire consolidated City of Prior Lake.
R: IRESOLUTIIFINARES\2000100-126.doc
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
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, 2000.
Mader
Ericson
Gundlach
Petersen
Zieska
YES
X
X
X
X
X
NO
Mader
Ericson
Gundlach
Petersen
Zieska
{Seal}
R:\RESOLUTIIFINARES\2000100-126.doc