HomeMy WebLinkAboutResolution - 2002-194 - Certifying the 2003 Property Tax Levy and Approval of 2003 Budget - 12/17/2002 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,MINNESOTA
RESOLUTION NO.2002-194
A RESOLUTION CERTIFYING THE 2002 TAX LEVY,COLLECTIBLE IN 2003,
AND ADOPTING THE 2003 GENERAL FUND 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 2003 General Fund Budget.
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL ofthe City of Eden Prairie,County
of Hennepin,Minnesota,that the following sums of money be levied upon the taxable property in said City the
following purposes:
Taxes to be levied against tax capacity
General Fund $22,722,273
Equipment Revolving Fund 614,800
Bonds and Interest
1995 Improvement Refunding Bonds 500,000
1995 Building Refunding Bond 215,000
2000A Public Facility Bonds 346,000
2002 Public Facility Bonds 231,000
2002 Equipment Certificates 150,000
Tax Abatement 130,000
Net tax capacity levy for certification $24,909,073
Less Fiscal Disparities distribution 1,165,722
Net tax collectible in 2003 $23,743,351
Taxes to be levied against market value
1992& 1993 Park Bonds $ 445,000
1994 Open Space Bonds 178,000
Market value tax levy
for certification $ 623,000
Total net tax collectible in 2003 $ 24,366,351
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 1).
BE IT FURTHER RESOLVED that,with the conclusion of the Proposed Property Tax and Budget Hearing
process, the City Council approves the 2003 Budget for the General Fund and Debt Service Obligations
totaling$31,472,699.
ADOPTED by the Eden Prairie City Council this 17th day of December,2002.
ancy a- nen , or
ATTEST:
I1.atnleLn Porta,City Clerk