HomeMy WebLinkAbout22-152 Approving 2023 City Budgets and Certifying 2023 City of Prior Lake Property Tax Levy
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 22-152
A RESOLUTION ADOPTING 2023 CITY BUDGETS AND CERTIFYING
FINAL 2023 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: Braid Second By: Churchill
WHEREAS, State statute requires that the Prior Lake City Council certify a property tax levy
to the Scott County Department of Taxation; and
WHEREAS, budget amounts for the City of Prior Lake for calendar year 2023 are estimated
as follows; and
General Fund $ 18,810,399
Debt Service Funds 5,303,506
Cable Fund 11,000
Capital Park Fund 653,400
Revolving Equipment Fund 1,372,600
Revolving Park Equipment Fund 1,155,000
Permanent Improvement Revolving Fund 203,100
Facilities Management Fund 613,500
Water Fund 4,997,830
Sewer Fund 4,613,762
Water Quality Fund 1,486,655
Total $ 39,220,752
WHEREAS,
the property tax levy for the City of Prior Lake for payable year 2023 is as follows;
and
General Purposes $ 11,927,587
Revolving Equipment Fund 750,000
Revolving Park Equipment Fund 440,000
Permanent Improvement Revolving Fund -
Facilities Management Fund 155,000
Debt Service 3,591,369
Total $ 16,863,956
WHEREAS,
the property tax levy by tax base for the City of Prior Lake for payable year 2023
is as follows; and
Tax Capacity Based Levy $ 16,630,068
Market Value Based Referenda Levy 233,888
Total $ 16,863,956
M:\City Clerk\City Council\Resolutions\2022\22-152 Approving 2023 City Budgets and Certifying 2023 City of Prior Lake Property Tax Levy.docx 2
WHEREAS, the tax levy is comprised of a City and EDA portion. The total levy increase is
$1,981,195 broken out as follows: % of Total Change
City of Prior Lake tax levy $1,971,195 12.91%
Economic Development Authority (EDA) tax levy 10,000 .07%
Total tax levy increase $1,981,195 12.98%
WHEREAS,
WHEREAS,
the City of Prior Lake property tax levy for the year payable 2023 of
$16,863,956represents a $1,971,195 increase; and The City Council will consider
the 2023 General Fund, Debt Service Funds, Cable Fund, Capital Park Fund,
Revolving Equipment Fund, Revolving Park Equipment Fund, Permanent
Improvement Revolving Fund, Facilities Management Fund and Enterprise Fund
Budgets and the Final 2023 Property Tax Levy during its regularly scheduled
council meeting at 7:00 p.m. on Monday December 5, 2022 at 4646 Dakota Street
SE, Prior Lake with a continuation (if necessary) at 7:00 p.m. on December 19,
2022.
the Economic Development Authority (EDA) property tax levy for the year payable
2023 of $370,000 represents a $10,000 increase in the EDA portion of the tax
levy. The EDA tax levy and budget is addressed on a separate, accompanying
resolution. The City Council will consider the 2023 EDA Budget and the Final
2023 EDA Property Tax Levy during its regularly scheduled council meeting at
7:00 p.m. on Monday December 5, 2022 at 4646 Dakota Street SE, Prior Lake
with a continuation (if necessary) at 7:00 p.m. on December 19, 2022.
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 tax levy be distributed upon the taxable property in said City for the following purposes
in payable 2023:
Note: Single starred funds shall be spread over the entire consolidated City of Prior Lake.
Purpose Amount Amount
* General City Purposes 11,927,587
* Revolving Equipment Fund 750,000
* Revolving Park Equipment Fund (Park Equipment & Trail
Replacement)
440,000
* Permanent Improvement Revolving Fund (Street Overlay) -
* Facilities Management Fund 155,000
Debt Service:
* F560-G.O. Imp Bonds 2013A (Welcome, CR12, Sunset) 172,000
* F562-Guaranteed Energy Savings Program 290,614
* F563-G.O. Imp Bonds 2015B (150th/13) 325,509
* F565, 566, 567-G.O. Imp Bonds 2016A (Manitou) 74,802
* F566-G.O. Imp Bonds 2016A (150th/13) 39,795
* F567-G.O. Imp Bonds 2016A (Equipment) 59,260
* F568-G.O. Imp Bonds 2017A (Cates, Balsam, Franklin, Sycamore) 302,614
* F570-G.O. Imp Bonds 2018A (Equip, CIP, Imp, Street Recon) 535,379
* F571-G.O. Imp Bonds 2018A (Mill and Overlay) 4,090
*
*
*
*
F572-G.O. Imp Bonds 2019A (Street and Capital Improvements)
F574-G.O. Imp Bonds 2021A (Street, Equipment, Refunding)
F575-G.O. Imp Bonds 2021B (Refunding)
F576-G.O. Imp Bonds 2022A (Street and Capital Improvements)
206,012
257,615
922,888
166,903
** F318-Fire Station #2 Referendum Bonds ‘06 233,888
Total Debt Service 3,591,369
Total $16,863,956
M:\City Clerk\City Council\Resolutions\2022\22-152 Approving 2023 City Budgets and Certifying 2023 City of Prior Lake Property Tax Levy.docx 3
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 by the Prior Lake City Council this 5th day of December 2022.
VOTE Briggs Thompson Burkart Braid Churchill
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Jason Wedel, City Manager