HomeMy WebLinkAboutResolution - 2019-102 - Certifying the 2020 Debt Levy - 09/17/2019CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2019-102
A RESOLUTION CERTIFYING THE 2020 DEBT LEVY
WHEREAS, the City Council reviewed and adopted the preliminary tax levy and budget at the
September 3rd, 2019 City Council Meeting; and
WHEREAS, Hennepin County requires that the City levy the amount originally certified for debt
unless the taxing authority passes a resolution canceling the levy.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL of the City of Eden
Prairie, County of Hennepin, Minnesota, that funds have been provided for principal and interest
payments on all bond issues except as shown below and no other debt levies are required (as shown
in Exhibit 2).
Debtury 2020
Debt ury on Tax Capacity
2012B South West Fire Station 310,000
2014 Tax Abatement 1,397,000
Sub-total 1,707,000
Debt ury on Mamet Value
201 lC Parks Referendum 165,000
2012A Parks Referendum 681,000
Sub-total 846,000
Total $ 2,553,000
ADOPTED by the Eden Prairie City Council this 17th day of September, 2019.
7'z-~
Ron Case, Mayor
ATTEST:
CITY OF EDEN PRAIRIE
NOTICE OF ADJUSTMENT TO REQUIRED DEBT LEVIES
LEVIED YEAR 2019, COLLECTED YEAR 2020
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 2019/2020
G.O. Park Bonds 201 IC 12/01/11 $4,455,000 $246,572
G.O. Park Bonds 2012A 03/01/12 $5,110,000 $698,414
G.O. Capital Imrpovement Crossover Refunding Bonds 2012B 02/21112 $3,170,000 $327,712
G.O. Tax Abatement Bonds 2014A 06/17/14 $17,155,000 $1,472,323
GRAND TOTAL $ 2,745,020
Actual Levy
2019/2020
$165,000
$681,000
$310,000
$1,397,000
$2,553,000