HomeMy WebLinkAboutResolution - 2003-176 - 2003 Property Tax Levy and 2004 Fund Budget - 12/16/2003 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,NIINNESOTA
RESOLUTION NO. 2003-176
A RESOLUTION CERTIFYING THE 2003 TAX LEVY, COLLECTIBLE IN 2004,
AND ADOPTING THE 2004 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 2004 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 the following purposes:
Taxes to be levied against tax capacity
General Fund $23,332,063
Equipment Revolving Fund 614,800
Bonds and Interest
1991B Improvement Refunding Bonds 500,000
1995 Building Refunding Bond 200,000
2000A Public Facility Bonds 300,000
2002 Public Facility Bonds 235,000
2002 Equipment Certificates 190,000
Tax Abatement 118,000
Net tax capacity levy for certification $25,489,863
Less Fiscal Disparities distribution 1,232,207
Net tax collectible in 2004 $24,257,656
Taxes to be levied against market value
2003A Refunding Park Bonds $ 500,000
2003C Refunding Open Space Bonds 50,000
Market value tax levy
for certification $ 550,000
Total net tax collectible in 2003 $24,807,656
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 2004 Budget for the General Fund and Debt Service
Obligations totaling$31,513,486.
ADOPTED by the Eden Prairie City Council this 16th day of December, 2003.
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ATTEST:
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K hlee Porta, City Clerk