HomeMy WebLinkAboutResolution - 2022-133 - Certifying 2023 Tax Levy and Adopting 2023 Budget and HRA Tax Levy - 12/06/2022CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2022-133
A RESOLUTION CERTIFYING THE 2022 TAX LEVY
AND ADOPTING THE 2023 BUDGET
WHEREAS, the City Council has reviewed the budget recommended by the City Manager, listened
to public comment, and discussed the proposals and tax levy for the 2023 Budget.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL of the City of Eden
Prairie, County of Hennepin, Minnesota, that the following sums of money be levied upon the
taxable property in said City for the following purposes:
Taxes to be Levied Against Tax Capacity
General Fund
Capital Improvements
Bonds and Interest
2021A 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
$ 41,956,284
400,000
280,000
42,636,284
2,477,021
40,159,263
905,000
905,000
1,368,000
$ 42,432,263
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).
BE IT FURTHER RESOLVED that, with the conclusion of the Proposed Prope1iy Tax and Budget
Hearing process, the City Council approves the 2023 Budget totaling $57,395,407.
BE IT FURTHER RESOLVED that the council consents and approves the 2023 HRA tax levy of
$205,000.
ADOPTED by the Eden Prairie City Council this 6111 day of December 2022.
Ronald A. Case, Mayor
ATTEST:
CITY OF EDEN PRAIRIE
NOTICE OF ADJUSTMENT TO REQUIRED DEBT LEVIES
LEVIED YEAR 2022, COLLECTED YEAR 2023
EXHIBIT 2
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 Actual Levy
OUTSTANDING DEBT WITH REQUIRED LEVY Issue Issue 2021/2022 2021/2022
G.O. Tax Abatement Bonds 2021A 12/08/21 $11,940,000 $1,252,965 $1,368,000
G.O. Refunding Bonds 2020A (Market Value)10/28/20 $4,408,000 $952,030 $905,000
G.O. Refunding Bonds 2020A (Tax Capacity)10/28/20 $1,673,000 $359,652 $280,000
GRAND TOTAL $2,564,647 $2,553,000