HomeMy WebLinkAboutResolution - 2023-88 - Preliminary 2024 Tax Levy and Budget - 09/05/2023CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2023-88
A RESOLUTION ADOPTING THE CITY'S PROPOSED 2024 PROPERTY TAX
LEVIES, ACCEPTING A PROPOSED BUDGET FOR GENERAL OPERATIONS AND
TAX-SUPPORTED OBLIGATIONS FOR 2024, AND CONSENTING AND
APPROVING THE 2024 HRA LEVY
WHEREAS, the City Council of the City of Eden Prairie has reviewed the City Manager's
recommended 2024 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 2024 budget.
Taxes to be Levied Against Tax Capacity
General Fund
Capital Improvements
Bonds and Interest
2021 A 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
$ 44,337,436
400,000
348,271
45,085,707
2,316,660
42,769,047
950,440
950,440
1,102,605
$ 44,822,092
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 2024.
2. Accepts the 2024 proposed levy of$47,138,752 and proposed budget totaling $60,322,771 at
this time.
3. Consents and approves the 2024 HRA tax levy of $210,000.
ADOPTED by the City Council on September 5, 2023.
7/~ '
Ronald A. Case, Mayor
ATTEST:
CITY OF EDEN PRAIRIE
NOTICE OF ADJUSTMENT TO REQUIRED DEBT LEVIES
LEVIED YEAR 2023, COLLECTED YEAR 2024
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
OUTSTANDING DEBT WITH REQUIRED LEVY Issue Issue 2023/2024
G.O. Refunding Bonds 2020A (Market Value) 10/28/20 $4,408,000 $950,440
G.O. Refunding Bonds 2020A (Tax Capacity) 10/28/20 $1,673,000 $348,271
G.0. Tax Abatement Bonds 2021A 12/08/21 $11,940,000 $1,102,605
GRAND TOTAL $2,401,316
Actual Levy
2023/2024
$950,440
$348,271
$1,102,605
$2,401,316