HomeMy WebLinkAboutResolution - 2000-207 - Certifying the 2000 Tax Levy, Collectible in 2001, and Adopting the 2001 General Fund Budget - 12/19/2000 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, NIINNESOTA
RESOLUTION NO. 2000-207
A RESOLUTION CERTIFYING THE 2000 TAX LEVY, COLLECTIBLE IN 2001,
AND ADOPTING THE 2001 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 2001 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 $19,606,824
Equipment Revolving Fund 580,000
Bonds and Interest
1998 Equipment Certificates 163,500
1995 Improvement Refunding Bonds 500,000
1995 Building Refunding Bond 206,000
1997A Improvement Refunding Bonds 749,000
2000A Public Facility Bonds 325,000
$22,130,324
Less HACA 690,295
Net tax capacity levy
for certification $21,440,029
Less Fiscal Disparities distribution 954,746
Net tax collectible in 2001 $20,485,283
Taxes to be levied against market value
1992 & 1993 Park Bonds $ 446,000
1994 Open Space Bonds 168,000
Market value tax levy
for certification $ 614,000
Total net tax collectible in 2001 $21,099,283
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 the City Council declare its compliance with the "Truth-in-
Taxation" requirements, having published a notice of Proposed Property Tax and Budget Hearing
in the Eden Prairie News on November 30, 2000 and conducting the hearing on December 4,
2000.
BE IT YET FURTHER RESOLVED that, with the conclusion of the Proposed Property Tax and
Budget Hearing process, the City Council approves the 2000 Budget for the General Fund and
Debt Service Obligations totaling $28,905,873.
Adopted by the City Council December 19, 2000
can L. Harris, Mayor
ATTEST:
Kathie n Porta, City Clerk