HomeMy WebLinkAboutCity Council - 02/26/1991 FINANCE DIRECTOR A G E N D A
JOHN FRANE PECIAL EDEN PRAIRIE CITY COUNCIL MEETING
TUESDAY, FEBRUARY 26, 1991 6:00 PM, CITY HALL COUNCIL CHAMBERS
7600 Executive Drive
CDUNCILMEMBERS: Mayor Douglas Tenpas, Richard Anderson, Jean
Harris, H. Martin Jessen, and Patricia Pidcock
CITY COUNCIL STAFF: City Manager Carl J. Jullie, Finance Director
John Y. Frane, Director of Planning Chris Enger,
Director of Parks, Recreation & Natural
Resources Robert Lambert, Director of Public
Works Gene Dietz, City Assessor Steve Sinell,
Director of Inspections, Safety & Facilities
Kevin Schmieg, Police Chief Keith Wall, Director
of Human Resources & Community Services Natalie
Swaggert, and Recording Secretary
PLEDGE OF ALLEGIANCE
ROLL CALL
I. APPROVAL OF AGENDA
II. STUDY ITEMS
A. Budget/Revenue Projections
III. APPOINTMENTS
A. Board of Appeals & Adjustments (3 three-year terms commencing
arch T, g91
B. Buildin Code Board of Appeals (2 three-year terms commencing March
991
C. Flying Cloud Airport Advisory Commission (2 three-year terms)
D. Historical & Cultural Commission (4 Positions: 1 unexpired two-
year term, and 3 three-year terms commencing March 1, 1991)
E. Human Ri hts & Services Commission (3 three-year terms commencing
March 1, 1991j
F. Parks Recreation & Natural Resources Commission (3 Positions:
one-year unexpired term, and 2 three-year terms commencing
March 1, 1991)
G. Planning Commission (2 three-year terms commencing March 1, 1991)
H. Waste Management year ter
Commission (3 Positions: 1 two-year unexpired
term, and 2 three- ms)
IV. OTHER BUSINESS
V. ADJOURNMENT
Working Draft
1991-1994 Budget Forecast
General Fund Operations and Debt Service
City of Eden Prairie
City Manager's Office
January 29, 1991
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F
FACTS
Pay 1991 Net Tax Capacity = $72,280,000
35.1% Residential
6.8% Apartment
48.7% Commerical/Industrial
9.4% Other
Pay 1991 Adjusted net Tax Capacity = $58,947,000
Pay 1991 Tax Rate = 21.550%
Pay 1991 Tax = 72.6% of general fund operations and debt service expenses
12/31/90 Estimated General Fund Balance = $2,500,000
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GENERAL ASSUMPTIONS
Tax Base
* No change in value of existing single-family housing; $60 million
of new single-family construction will occur each year.
* Estimated changes in market value and new construction the same in
all scenarios for 91Pay92
Change to Value from
Existing Buildings New Construction
Single-Family 0 &o-v $60 MM c°
Condominium -3% 0
Townhome -2% 3 MM
Twin/Zero-lot -3% 0
Apartments -5% 5 MM
Industrial/Whse 0% 5 MM
Retail/Office -5% 10 MM
Land 0% 0
Other 0% 0
* 91Pay92 Adjusted Net Tax Capacity would be $60,346,000, or 2.4% more
than 90 Pay 91.
* Percentage of C/I tax base "lost" to Fiscal Disparities & TIF
remains constant 36.04%.
Revenues
* Tax Rate remains constant 1991-1994.
* Levy limit increase will remain at 3% of base + 1% due to
population growth (1991 levy limit increased 4.9%)
* Recreation fees increase $35,000/yr., or 3-4%, due primarily to
increased number of participants.
* There will be $150,000 from TIF Administration after 1991
(1991 = $200,000), due to 3-year extension for collecting
increments.
* There will be $200,000 each year for engineering fees within
_ the TIF area.
* No transfers will be made from the General Fund balance,
estimated to be $2.5 million on 12-31-90.
* "Other" revenues will remain constant at $1.7 million.
* City will receive no LGA, HACA, or federal aid.
Expenses
* General operations increases at 5%/yr.
* Property acquisition has obligation for Boyce property -- $175,000
for 1991-1993, $50,000 in 1994.
* Landfill closure expense to be $50,000 after 1991.
Laws
Ue—gislature makes no changes to existing laws and state agencies make no
changes to existing regulations re: municipal budgets and taxation. s.'
SCENARIO I - RECESSION CONTINUES
SCENARIO II - NO COMMERCIAL GROWTH
SCENARIO III - ECONOMIC REBOUND
{
1
MARKET VALUES
(Billions)
3 — --
2.8 _
2.8
— — --
2.4
- -
2.2
--
2
1991 1992 1993 1994
Year
Recession Continues ® No Commercial Growth
Economic Rebound
1991 1992 1993 1994
Recession Continues 2.440 Bil 2.487 Bil 2.549 Bil 2.561 Bil
No Commercial Growth 2.440 Bil 2.487 Bil 2.547 Bil 2.607 Bil
Economic Rebound 2.440 Bil 2.487 Bil 2.590 Bil 2.786 Bil
I
ADJUSTED NET TAX CAPACITY
Millions
67
65
63
61
59 `,
57 _-
-- \ —
55
1991 1992 1993 1994
Year
(! Recession Continues ® No Commercial Growth
(� Economic Rebound
1991 1992 1993 n321
Recession Continues 58.947 Mil 60.346 Mil 61.473 Mil
No Commercial Growth 58.947 Mil 60.346 Mil 61.449 Mil Economic Rebound 58.950 Mil 60.346 Mil 62.079 Mil
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TAX REVENUE
Millions
16 -- --
14 I
13
12 I
11 -
10
1991 1992 1993 1994
Year
Recession Ca ntinues ® No Commercial Growth
Economic Rebound
t
1991 1992 1993 1994
Recession Continues 12.703 Mil 13.005 Mil 13.247 Mil 13.167 Mil
No Commercial Growth 12.703 Mil 13.005 Mil 13.242 Mil 13.480 Mil
Economic Rebound 12.703 Mil 13.005 Mil 13.378 Mil 14.275 Mil
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TOTAL REVENUE
(Millions)
19 — --- -
18.5
18
17.5 --
17 I \
16.5 —
16
1991 1992 1993 1994
Year
Recession Ccntinues No Commercial Growth
Economic Rebound
�I
1991 1992 1993 1994
Recession Continues 17.360 Mil 16.830 Mil 17.080 Mil I7.030 Mil
No Commercial Growth 17.360 Mil 16.800 Mil 17.120 Mil I7.400 Mil
Economic Rebound 17360 Mil 16.940 Mil 17.520 Mil I8.570 Mil
I
REVENUE AND EXPENSE COMPARISONS
Scenario 1 - Recession Continues
(Millions)
18.5
18
17.5
17
18.5 \
18
Year
Revenue ®Expenses
RECESSION CONnNUES REVENUE EXPENSES BALANCE ADD LEVY BALANCE
1991 17.355 Mill 17.355 Mil 1 0 Mil
1992 16.825 Mill 16.908 Mil -0.083 Mil 0.215 Mil 0.132 Mil
1993 17.077 Mil 1 17.672 Mi 1 -0.595 Mil 0.451 Mil -0.144 Mil
1994 17.032 Mill 18.347 Mil -1.315 Mil 1 1.028 Mil -0.287 Mil
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REVENUE AND EXPENSE COMPARISONS
Scenario 2 - No Commercial Growth
(Millions)
19
18
17
18
15 \
1991 1992 1993 1994
Year
LM Revenue ®Expenses
NOCOMMERCIALGROWTI;I REVENUFJ EXYENSHS I RATANCH 1 1, Ann.-1 ALANCE
1991 17.355 Mil 17.355 Mil 0 Mil
1992 16.800 Mil 16.908 Mil -0.I08 Mil 0.215 Mil 0.107 Mil
1993 17.122 Mil I7.672 Mil -0.550 Mil 0.456 Mil -0.094 Mil
1994 17.395 Mil 18.347 Mil -0.952 Mil 0.615 Mil -0.337 Mil
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REVENUE AND EXPENSE COMPARISONS
Scenario 3 - Looking at a Rebound
(Millions)
19
-----
18
\\17 _--
-- ——
15
1991 1992 1993 1994
Year
�Revenue ®Expenses
ECONOMIC REBOUND REVENUE EXPENSES BALANCE ADD LEVYF BALANCE
1991 17.355 Mil 17.355 Mil 0 Mil
1992 16.940 Mil 16.908 Mil 0.032 Mil 0.215 Mil 0.247 Mil
1993 17.523 Mil 17.672 Mil -0.149 Mil 0.320 Mil 0.171 Mil
1994 18.570 Mil 18.347 Mil 0.223 Mil 0.080 Mil 0.143 Mil
MAJOR CAPITAL IMPROVEMENTS
City Hall $5,500,000
Police Station Expansion 800,000
Fire Station(Southwest) 800,000
Relocate Fire Station No. 1
(Highway 5 and Mitchell Road) 1,200,000
Relocate Public Works/Parks Maintenance Building
(including outdoor storage) 6,000,000
Community Center Office Space 300,000
i
2nd Ice Surface at Community Center 2,000,000
Miller Park 3,400,000
Outdoor Pool/Water Park 3,000,000
TOTAL MAJOR CAPITAL IMPROVEMENTS $23,000,000
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GENERAL IMPLICATIONS
1. City should stick close to its budget and minimize use of General Fund balance.
- This balance may be needed for operating transfers in future years.
2. Tax revenue is the largest component of total revenue. Its volatility and/or changes in
tax burden philosophy will shape City's ability to meet projected expenses.
- City should optimize pricing for services as non-tax revenue.
- City should continue to lessen use of equipment certificates of indebtedness to
reduce future tax obligations.
3. City may be facing need to increase tax levy to statutory maximum.
4. Under the worst case,the City tax levy may need to be 8% above the current rate;this
would be less than 2% of total property taxes.
5. Trend is to shift the share of taxes to residential and away from commercial/industrial.
- This shift may increase tax 5-10% on homesteaded property.
6. Tax revenue receipts in excess of those needed for operations may be possible;however,
! this savings program for new municipal facilities should not be relied upon.
4 7. Current staffing levels should stabilize.
I
Working Draft
1991-1994 Budget Forecast
General Fund Operations and Debt Service
Worksheets
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1
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1
IJA�R►
7
51'6k+ �o moderaie 40y4Urn i�r%46k Fwl t994
T�t° �Q �
,y1991 '?;*WD 121163,006
1992 1209000 (00,396,oD0 +4.5410 II)IDDS1000 +24°l0
1193 14,o39,0o0 41,473,060 +1.5°7o 13,241,000 + 096
1994 73,038,000 G 1i 101,000 -I.3`!o i3,1I,'1,000 -0•b10
1991 pk,1992. P ,199 3 Prw 1944
Rcstd�i+'ul 35.1% 3C,3% 37.16% 39.0
Apartm�+t �.B 6.7 4•6 4•3
�ANwleruul`lh1<ksial 98.1 �f8•o 97.1 45.4
Dien 9.4 9 0 9.0 9.3
?rojedred Rev,"t 11,35,000 14,�?,�000 174.Ao% 1'1,03Z1000
Pro*eei d Expe*se 11.3 S.S.a ow, 1t,,9o8.noo 11,0006 ► 47
BA cE 0 -83,000 --5930oo -113K,000
Amll offal L"y AU+kO(;+y Zs9,000 21S,000 45fi,000 t,oz6,00a
InabseorerfrdecfedTLykvkw 2-0% +1.4go +3-Alo +7•$170
v► cre��, t.wy �.r+�-BehKec. 287,000
-t2s4,000 4�32,000 -1'44,000 -
SCEIAI;10 I
l99! 1992 1993 1994
Tagcs a. 12 64000 12,90s,000 13,141,1O 13,001OW
'6K�Id►n Per�+;t s I,o540o0 815,000 Ssg000 8sb,000
Fees, 30000a 35gO00 3spoo 3So0000
PlaKwn�*K;kiF .S A046 25,000 Zs,000 2s,060
Reack,wc,,Fe" 74000 ezgoob sss000 a%ooa
11F Admini s4rAo x ZC4 000 1 sq 006 6s�000 1 So,000
04W Ik91,000 IIINo00 1,7001000 14lou,000
_ Gemft,j Fuxl Balei:C¢ 6 2M6 in O e
11,355,000 14NS,000 17,07 Wo 11,072,000
,r
*+*MIOfW( 0"S 13,95bpoo 14,WA000 J%7poo 1�1*54o06
Debt Sevvicf- PIS,000 21094000 o8a,000 211400
lop"A 4i;,siwo-., 1101400D 115,000 r 5,0o0 50,040
L.miPillClosure. nsopo SO,000 Scoop 50,000
1113551000 1008,00o IIAIZ,aoo I6,617,066
'g 10 0 -83,000 53sow -1315 00
14 415;W0 PS400 28700o
_��difio I A�i��Y► 2s9,00a Zt u�w .�� qs�o00 �of a
L►va 12,%7,000 13,U0,000 1316%,coo 14►19S,000
SCekAZ►o
Sta6mmf fyop4y mar6t P41991-fal 1994-no c6iibe,w value f"92-
94
-ohly'loula i%valwe Age iO4&,0Do,1D new AV it ;w��lycpwsiY++f'ti6t, N9Z-94
laac Base Cl�ciw
,tJc�r�Ba� Acl• (19�FT��13uat 9aCl���(Ad�.� TunDwaut 01oC1�,Q
941991 ?Z,ZSv000 S$,947,0�0 12,�03,000
1992 40.Spa t3pc,0 o +2 4%
1993 14,o Is,000 41,441,o00 +1.06 13,t4;o0a +►.Ylo
1994 15,119,000 l02,5S3,000 41.5olo 13'4ao wo 41.0c
,it iSttr;bw�hbi,�1ti+neibaaa�_
&1991 092 19913 199+
Resld*mal 35AO 34.3h 37.3116 36.1117a
Nea rimer►+ 4.a 6.1 &.4 6.4
(0► w.$vual1l,,A*;al 4b.7 48.0 i1.1 $6.4
01�w 9.4 9.0 1.0 9.1 --
?NeLW Rev+im't 11,M000 16,$00,000 lljir4wo 17139Stoo0
SAL,Mcc 0 —14000 -5'4coo -5s;000
Oda iii0AU I LeVY)NOWIly +Uipo ZIS,poo 4%pw WSiDdo
lweDAL over Nei TQ4e6Awm. 2.0% +1•4010 4304 +4.Slo
423ioab 4107,000 li,000 -331000 _._
Sc�:l��oIC
1991 l��i ig93 J ��¢
REv�u1;s
I' ►,o, I�I�o3 Ooo I2,90�,Ow 13,14Z,wo IVSq W0
$u�Id�n�P�r»atFee�s I,OSb,Ooo► 5S0,000 Sso,000 600,000
EN$lneevi► Fetes 3agOoo 35q 000 400,you 400,000
F14MIti►ilb%,hhFee5 5b,000 LS,000 ZS,DO* ZS,000
ReoveAm Feels Ik000 $20,000 $Ss,000 81,04000
la Admihi S) 4 6h 2M,000 1sb,p00 I Sa,000 194i000
Qik" 11W,000 111oowo 111001000 1,100,000
(mmeral Fu a Raiawy- Os'poo 0 0 0
11,35�000 141 W,000 11112;000 1'l,W,000
� ENsE
LieMe+alO ioaa 13,9So,0oe 14,63S,Ooo 15,31t000 1(0113s0od
Sevv icy LtUS,Ooc) LI A 8,000 ;080,ow Z1112,600
�ro�rniy ACga�is�{ian I,cld,OcO M,Ow 115,wo Sb,cob
_ A F;li .1et►�� 175a00o 5c,000 3b,000 AM
C1,35s 000 16,908,090 111&7; oo 18,311,000
0 - - o
+ 07cou —
LAVY Ci►a► _-_-1411%000
,
SC,�a t
�GoNOM1�C,dowa�t�rNlao}br�s owtLr',n6199! moderOLrrtowy apfare►.,i ;,rfaj%04
I�a,�-Turl�a�. AdTl�trwc,gaae 90 t�I'Adc� �.KReue+,.►�e °��t+�,
?wi 1991 IM0,00o 6a,947,Do* 12,'703,000
119Z 7;%2,Doc) 60,344,Do +0.157o 1j MS,000 at'Wlo
1995 74,6%,000 (o2,o",000 429ala i3,318,mo +2.1)90
IW4 19,W6,000 64,24o,000 4.4% 14,21S,o00 4096
T4bi*,64Sov,6vi 6el6a4)
FL1991 1992_ 1993 1994
ReSi 'lkl i 35.J°lp 36.30I6 3I'7 31.h
174�rnr � 6.6 0 4.5 6.4
CoMmerc�ul ?+ Wff AB-0 4.1 44.5
Aror
Projected Reese Il, s,Doo l6,990,00� 17Im,0on 1g1570,Ooo
frolecred Egewz I1,3SSno0 lJotboe 1-71boo -I%Ml,pob
SAkwcE 0 + 3Z,000 — 14.9;000 +2z3,pop
PW,ItO AI LevyA hm4y +294,000 +ZISf000 J 3io,oae -50,000
�nlivuaa oaerPnj�ed�r�cR 2.�% -)•1•b°�o ♦2.4oTa -0.6�10
�{{ere►+ce,L y A�, ;►y—Fe�la�ee +2",000 +247,900 +171,000 +wS,voo -
1991 I 2- Ig93 19g4
?ZVeOVE&
T#-,"o 12, OI000 12,9K 000 13,274000 I4,11S,000
z%klW;"6&00Mfiws I,oso,000 994000 ►,los,000 (11K,000
N6imewP 'K�'feeS 30,000 3So,000 400,000 rw,006
Tian VIK //e►.;Y6Fees S0,000 vs,000 3s,000 50,006
Recreant"%eS 7N ooa 15 lo,wo M,000 S9q boo
11F AdWlV1'15ruiiav, 200000 ISO,OW I5o,000 m0000
Oi6r I169),000 I,'100,000 ►,7oq ono 1,704000
6Pimx.l Fud UC4,,es- 61S.o00 0 0 d
�1,3Ss;obo 1G,94o,00a 17,523,00o I8,S7o,D�o
�.xp�ustis
4fm& ql O fev iiow,, IS,9S4W 14163S,000 is,'361,000 16,13S,uao
NL-,f Seyvice. 2,21S,000 Z'CAADo 2y0%,000 211i2►0M
l'roP"Awwts� ,, 11014000 riscDo I7S00o 5gooa
lidgiI c6ure. Motto 50pdp Sb 000 So,am
11,3Ss,000 16,90b,000 17,b12,000 tg,341,006
pia K0 22
;t t24� t I",oco
" fbfiml Lev Moo
o
2
Levy � r 12,9Sl,aoo t3, ooa t3,69a000 �9,t9s oo(
CANDIDATES FOR BOARDS/COMMISSIONS
s"
BOARD OF APPEALS & ADJUSTMENTS
3 three-year terms to be filled)
Neil E. Akemann 6ACunbent)
Sharon Roe Anderson
John E. Freemyer (incumbent)
James B. (Jim) Hawkins
Michael J. Wilkus
BUILDING CODE BOARD OF APPEALS
t
2 three-year erms to be filled)
Allan Callander (incumbent) - also interested
in Flying Cloud Airport Advisory Commission)
Neil Heupel (also interested in the Historical
& Cultural Commission)
James E. Hildreth (also interested in
Board of Appeals & Adjustments)
Robert C. Lebeck, AIA/CCS (also interested in
Board of Appeals & Adjustments)
FLYING CLOUD AIRPORT ADVISORY COMMISSION
2 three-year terms to be filled--
Kent Barker (Mr. Barker is already serving
a term on the Human Rights & Services
Commission which does not expire until
2128193. In the event he is appointed
to the Flying Cloud Airport Advisory
Commission, this would leave his unexpired
term on the Human Rights & Services Commission
to be filled by the Council)
Andrew Detroi
Leon D. Dominick (also interested in the
Historical & Cultural Commission)
Jason Thomas Giesen
Steve R. Guyette
Richard S. Johnson
John Phipps
Gerard Wersal
HISTORICAL & CULTURAL COMMISSION
4 Positions to be filled: unexpired two-year
term, and 3 three-year terms)
Beth Beutell
Ronald A. Case
Michael T. Kallas (incumbent)
Betty McMahon
L -
HUMAN RIGHTS & SERVICES COMMISSION
3 three-year terms to be fib—If Kent Barker
is appointed to the Flying Cloud Airport Advisory
Commission, there would be an additional I two-
year unexpired term to fill)
r
+ Bette Anderson (incumbent)
Jim Biwer (also interested in the Planning Comm.,
Parks, Recreation & Natural Resources Comm-, or
Flying Cloud Airport Adv. Comm*
Dick Daniels - (also interested in Bd. of
Appeals & Adjustments, Planning Commission,
ion
Waste Management Commission, Parks,
cal
& Natural Resources Commission; and His tori
& Cultural Commission)
Joan H. Engstrom
Virginia Gartner (incumbent)
Beverly S. Holzheu
Peter Michalowski �x14�1
Ann H. Seifert �},dretJ
Deirdre M. Stannard(J"
Lynda Traves
PARKS, RECREATION & NATURAL RESOURCES COMMISSION
I one-year unexpired term and 2 three-year terms)
Bruce Bowman
Neal Bruce Frisch (also interested in the
Planning Commission)
Glenn Fristed
Claire Hilgeman
t
Phillip C• Junttijn the
PatcommiJ. Lueck (alsossion' Historicaltested&rCultural Commission,
the the Building Code Board of Appeals)
Phil Olson (also interested in Planning Commission)
Patrick A. Richard (incumbent)
Bill Stewart (also interested in the
Ross L. Thorfinnson, Jr. (a
Human Rights & Services Commission)
Richard L. Ward
PLANNING COMMISSION
7. three-year terms)
Raiford "Bud" Baker
T. Neal Burton II (also interested in the
Building Code Board of Appeals)
Cynthia Clish - (also interested in the
Human Rights & Services Commission, Parks,
Recreation & Natural Resources Commission, or
the Waste Management Commission
Thomas C. D'Aquila - (also interested in the
Board of Appeals & Adjustments)
Margaret DuCharme-Johnson - (also interested
in the Flying Cloud Airport Adv. Comm.)
Delavan S. Dye
Douglas W. Fischer - (also interested in the
Parks, Recreation & Natural Resources
Commission or the Flying Cloud Airport
Advisory Commission)
Shelley J. Goodall
Pat Groeper
Katherine C. Kardell - also interested in the
Waste Management Commission
Mark A. Pancratz - (also interested in the
Human Rights & Services Commission)
Tom Roberts
Thomas M. Thorfinnson - (also interested in
the Parks, Recreation & Natural Res.Comm.)
Callen A. Zachman
WASTE MANAGEMENT COMMISSION
Tr two-year unexpired term and Z three-year terms)
Bret Borth (also interested in the Planning
Commission or Parks, Recreation & Natural
Resources Commission)
Jerri Coller
Timothy J. Colliton, P.E., CIH
Todd A. Houghton
Sharon Howard
Bob Kruell
Diane Popovich Lynch (also interested in the
Parks, Recreation & Natural Resources
Commission)
Julie Ann Myhre
Charles "Chuck" Shaw
1991 Eden Prairie Real Estate Taxes-Residential Property of 3 or
less units. Properties in School District 272 and WS #4
Full/Mid Year Non
ENV Homestead Homestead 1991 Payable Tax Rates (11
50000 553 1659 City of Eden Prairie 21.039' 4
55000 608 1825 Hennepin County 30.114" � s
60000 664 1991 School Dist. 272 51.425" N. 5
65000 719 2156 School Dist. 270 53.659
70000 796 2323 School Dist. 276 55.355
75000 907 2489 Misc. 6.540-
$0000 1017 2655 Watershed #1 .030
85000 1128 2820 Watershed #2 .163
90000 1238 2986 Watershed #4 .449•
95000 1349 3152 Voc. Tech. 1.046'
100000 1460 3318 Total 110.6131
105000 1570 3484 Typical Total Tax Rate
110000 1681 3650
115000 t847 3816
120000 2013 3982
125000 2179 4147 Calculation of Tax
130000 2345 4314 Capacity and Tax
135000 2510 4479
140000 2676 4646 Non-Homesteads
145000 2842 4811 ENV X 3.00% o Tax Capacity
150000 3009 4978 Tax Capacity
160000 3340 5309 X 110.613%
170000 3672 5641 Tax Payable
180000 4004 5973
190000 4336 6305 Homestead:
200000 4668 6636 lst $68000 ENV X 1.00 %
225000 5497 7466 + Next $42000 ENV X 2.00%
250000 6327 8295 + Remainder ENV X 3.00%
275000 7156 9125 Tax Capacity
300000 7986 9955 X 110.613%
325000 8815 10784 Net Tax Payable
350000 9645 11614
375000 10475 12443 Notes Homestead Tax
400000 11304 13273 calculations have the
500000 14623 16591 the former homestead
600000 17941 19910 credit built into the
700000 2126 223228 class rates for taxes
800000 24578 26547 payable in 1991.
900000 27896 29865
1000000 31215 33184 Notes Mid-Year Homestead
is calculated the same as
homesteaded for taxes
payable in 1991.
Revised 2/25/1991
1990 Eden Prairie Real Estate Taxes-Residential Property of 3 or less
units. Properties in School District 272 and WS #4
EMV Homestead/ Non
Mid Year Hmstd. Homestead 1990 Payable Tax Rates {%)
50000 507 1520 City of Eden Prairie 20.277*
5 000 557 16 2 Hennepin County 27.916*
6 000 608 1824 School Dist. 272 46.539*
65000 659 T TF6 School Dist. 270 42.017
70000 730 2129 School Dist. 276 52.555
000 831 22 0 Misc. 5.055*
80000 932 2432 Watershed Al .312
85000 1034 2584 Watershed 02 .186
0000 1135 2736 Watershed #4 .436*
95000 1236 2 88 Voc. Tech. 1.103*
100000 1338 3040 101.326*
50 8 39
10000 1641 33 U
15000 1793 3496 * Typical Total Tax Rate
120000 1 4 3648
000 2097 3800 Calculation of Tax Capacity & Tax
000 2 9 952
35000 2401 4104 Non-Homestead:
0000 2553 4256 EMV x 3.00% - Tax Capacity
145000 2705 44 8 Tax Capacity x 101.326 = Tax Payable
15 000 2857 4560
60000 3161 —48-6T Homestead:
000 3465 1 6
180000 3769 5472 1st 68000 EMV x 1.00%
190000 4073 5776 + Next 32000 EMV x 2.00%
200000 4377 6080 + Remainder EMV x 3.00%
2 000 137 6840 = Tax CapaciTy
50000 589 9 x 101.326%
275000 6657 8359 = Net Tax
300000 7417 9119
325000 8177 9 Note: Homestead Tax calculations
350000 89 639 have the former homestead credit
375000 9697 399 built into the class rates for
00000 10457 taxes payable in 1990.
000 1349751
600000 16536 18239 Note: Mid-Year Homestead is
calculated the same as homestead
for taxes payable in 1990.
Revised 2120190
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Value Ranges for Residential Properties for 1990
Assessment Taxes Payable 1991
$ 0 to 75,000
75,001 to 100:006
100,001 to 125,000
125,001 to 150,000
150,001 to 175,000
175,001 to 200,000
201,000 to 300,000
300,001 to 400,000
400,001 to 900,000
0 0 0 0 0 0 0 0
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Number of Housing Units
Value Range `# of Properties % of Total
$ 0 to 75,000 2,090 11.90%
75,000 to 100,000 3,060 42.90%
100,001 to 125,000 2,682 15.20%
125,001 to 150,000 1,492 9.70%
150,001 to 175,000 901 6.40%
175,001 to 200,000 480 5.40%
200,001 to 300,000 704 4.00%
300,001 to 400,000 194 2.10%
400,001 to 900,000 83 1.70%
Totals 11,686 100.00%
Residential Properties include single family, townhouse, condo, twinhomes,
and double bungalows. Apartment properties are not Included.
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Composite Tax Rates for Eden Prairie �
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8600r Waterslta Ply '�0 :Tay ' i "10 Change parbel lit of
District Distrfiet ai:,
270 1 96.680 112.428 16.3% 300 2.0
270 4 96.804 112.85 16.6% 82 .5
272 1 101.202 110.19 8.9% 1,857 12.7
272 2 101.076 110.33 9.2% 316 2.2
272 4 101.3261 110.61 9.2% 11,490 78.4
276 4 107.342 114.541 6.7% 6141 4.2
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Individual Tax Rates for Eden Prairie
Pay.� Pay '91 °�Change
City of Eden Prairie 20.277 21.039 3.8%
Hennepin County 27.916 30.114 8.0%
School District 272 46.539 51.425 10.5%
School District 270 42.017 53.659 27.7%
School District 276 52.555 55.355 5.3%
Miscellaneous 5.055 6.540 29.4%
Watershed 1 0.312 0.030 -90.0%
Watershed 2 0.186 0.163 -12.4%
Watershed 4 0.436 0.449 3.0%
Voc. Tech 1.103 1.046 -5.2%
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OVERALL TAX IMPACT
(Com mercial/industrial/Apartment)
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Market balue 1990 L�8$1 $ Increased Increase
(CommerclaT or •Tax ')`"�t� t
�`TndustrtaT� ,
$100,000 $5,184 $5,374 $190 3.67%
$500,000 $25,921 $26,870 $949 3.67%
$1,000,000 $51,841 $53,740 $1,899 3.67%
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Market Value 1950 191 $ It1Cweaser ° Incte.
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A a�tntenfi) TaX Tax
$100,000 $3,648 $3,982 $334 9.16%
$500,000 $18,239 $19,910 $1,671 9.16%
$1,000,000 $36,477 $39,820 $3 343 9.16%
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OVERALL TAX IMPACT
(Residential)
Markel-Value 1994. 191 Increase o Irti«tE�88
$75,000 $831 $907 $76 9.10%
$100,000 $1,338 $1,460 $122 9.10%
$125,000 $2,097 $2179 $82 3.90%
$150,000 $2,857 $3,009 $152 5.30%
$175,000 $3,617 $3,838 $221 6.10%
$200,000 $4,377 $4,668 $291 6.60%
$300,000 $7,417 $7,986 $569 7.70%
$400,000 $10,457 $11,304 $847 8.10%
Tax Capacity Rate Used for 1991 Tax ......................................110.613%
Tax Capacity Rate Used for 1990 Tax ......................................101.326%
2/25/91
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CITY TAX IMPACT
(Residential)
Market•V61u� 7rA��l �`8X '�? c�ItBM� 6 ' ;
F4oma Cltat�ge i#uf Ipf fKbtTli City'
$75,000 $76 $7
$100,000 $122 $10
$125,000 $82 —$6
$150,000 $152 $0
$175 000 $221 $6
$200,000 $291 $12
$300,000 $569 $35
$400,000 $847 $57
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2/25/91
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CITY TAX LEVY
Market Value `: Cltp Tax: City lax $ a
Hoge gay ��9a ��� 1st �ri�n�� z Change
$75,000 $166 $173 $7 4.20%
$100,000 $268 $278 $10 3.70%
$125,000 $420 $414 -$6 -1.40%
$150,000 $572 $572 $0 0.00%
$175,000 $724 $730 $6 0.80%
.$200,000 $876 $888 $12 1.40%
$300,000 $1484 $1,519 $35 2.40%
$400,000 •$2,093 $2,150 $57 2.70%
2/25191