HomeMy WebLinkAboutResolution - 2021-73 - 2022 Proposed Property Tax Levy & Budget & HRA Tax Levy - 09/07/2021CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2021-73
A RESOLUTION ADOPTING THE CITY'S PROPOSED 2022 PROPERTY TAX
LEVIES, ACCEPTING A PROPOSED BUDGET FOR GENERAL OPERATIONS AND
TAX-SUPPORTED OBLIGATIONS FOR 2022, AND CONSENTING AND
APPROVING THE 2022 HRA LEVY
WHEREAS, the City Council of the City of Eden Prairie has reviewed the City Manager's
recommended 2022 budget and tax levies; and
WHEREAS, the City Council has decided to accept these recommendations at this time.
NOW, THEREFORE, BE IT RESOLVED that the City Council:
1. Establishes the following proposed taxes on real and personal property within the City of
Eden Prairie for the 2022 budget.
Taxes to be Levied Against Tax Capacity
General Fund
Capital Improvements
Bonds and Interest
2014A Tax Abatement Bonds
2020A Refunding South West Fire Station Bonds
Tax Capacity Levy for Certification
Less Fiscal Disparities Distribution
Net Tax Collectible
Taxes to be Levied Against Market Value
2020A Refunding Park Bonds
Market Value Tax Levy for Certification
Tax Abatement
Total Net Tax Collectible
$40,149,554
400,000
280,000
40,829,554
2,494,942
38,334,612
905,000
905,000
1,368,000
$ 40,607,612
Funds have been provided for principal and interest payments on all bond issues except as shown
above, and no other levies are required (as shown in Exhibit 2).
The proposed total Levy may not be exceeded when the City Council sets the final tax levy for 2022.
2. Accepts the 2022 proposed levy of$43,102,554 and proposed budget totaling $55,617,390 at
this time.
3. Consents and approves the 2022 HRA tax levy of $205,000.
ADOPTED by the City Council on September 7, 2021.
ATTEST:
~~ Nicole Tinglei,C'C
CITY OF EDEN PRAIRIE
NOTICE OF ADJUSTMENT TO REQUIRED DEBT LEVIES
LEVIED YEAR 2021, COLLECTED YEAR 2022
EXHIBIT2
Debt levy amounts previously certified may be adjusted to the amounts shown below due to the availability of
other repayment sources.
Date of Amount of Required Levy
OUTSTANDING DEBT WITH REQUIRED LEVY Issue Issue 2021/2022
G.O. Park Bonds 2012A 03/01/12 $5,110,000 $0
G.O. Capital Imrpovement Crossover Refunding Bonds 2012B 03/01/12 $3,170,000 $0
G.O. Tax Abatement Bonds 2014A 07/15/14 $17,155,000 $1,368,000
G.O. Refunding Bonds 2020A (Market Value) 10/28/20 $4,408,000 $905,000
G.O. Refunding Bonds 2020A (Tax Capacity) 10/28/20 $1,673,000 $280,000
GRAND TOTAL $2,553,000
Actual Levy
2021/2022
$0
$0
$1,368,000
$905,000
$280,000
$2,553,000