HomeMy WebLinkAboutResolution - 2004-178 - 2005 Property Tax Levy and 2005 Fund Budget - 12/21/2004 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,MINNESOTA
RESOLUTION NO. 2004-178
A RESOLUTION CERTIFYING THE 2005 TAX LEVY AND ADOPTING THE 2005
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 2005 General Fund 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 $24,328,239
Equipment Revolving Fund 61400
Bonds and Interest
1991B Improvement Refunding Bonds
2004 Building Refunding Bond 220,000
2000A Public Facility Bonds 345,000
2002 Public Facility Bonds 225,000
2002 Equipment Certificates 205,000
2004 Equipment Certificates 275,000
Tax Abatement 118,000
Net tax capacity levy for certification $26,331,039
Less Fiscal Disparities distribution 1,283,217
Net tax collectible in 2005 $25,047,822
Taxes to be levied against market value
2003A Refunding Park Bonds $ 445,000
2003C Refunding Open Space Bonds 200,000
Market value tax levy
for certification $ 645,000
Total net tax collectible in 2005 $25,692,822
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 2005 Budget for the General Fund and Debt Service
Obligations totaling$32,440,445.
ADOPTED by the Eden Prairie City Council this 21 st day of December, 2004.
a cy a tens, or
ATTEST:
Katlileen Porta, City Clerk