HomeMy WebLinkAboutResolution - 92-200 - Certifying the 1993 Proposed Tax Levies, Approving a Proposed Budget for 1993, and Setting the Public Hearing Date - 09/15/1992 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
• RESOLUTION NO. 92-200
A RESOLUTION CERTIFYING THE 1993 PROPOSED TAX LEVIES,
APPROVING A PROPOSED BUDGET FOR 1993, AND SETTING THE PUBLIC
HEARING DATE(S) FOR THE BUDGET AND PROPOSED PROPERTY TAXES
WHEREAS, the Minnesota Truth-in-Taxation legislation
specifies a process for the deliberation of and actions to be
taken regarding the budget for the upcoming year and the amount
of property taxes to be levied to support that budget; and
WHEREAS, the Council of the City of Eden Prairie has had an
opportunity to discuss budget and tax levy proposals for the 1993
calendar year; and
WHEREAS, the City of Eden Prairie must, according to law,
take action regarding a proposed budget, proposed tax levies, and
setting the public hearing for discussion of these proposals,
NOW, THEREFORE BE IT RESOLVED, by the Council of the City of
Eden Prairie:
1) That it approve a proposed budget of $18,204,900
for the general fund, tax-supported debt service
• funds, and fire relief agency fund, an amount
approximately 0.6% less than the adjusted 1992
budget; and
2) That it approve proposed property tax levies
totalling $13 ,525;700, consisting of:
a) $13,460,700 to be levied against the tax
capacities of properties in the City, and
b) $65, 000 to be levied against the market
values of properties in the City, for
debt service obligations resulting from
a March 1992 referendum approving issuance
of $4.5 million of bonds for park acquisition
and improvements.
The total amount of property taxes eventually
levied to be paid in 1993 may not exceed these
figures.
The proposed net tax levies are projected to be
$12,262,273, or 1.24% greater than for 1992,
and may be modified by technical calculations
for HACA and metropolitan tax-base sharing
(the "fiscal disparities" program) .
Resolution No.92-200
Page Two
. 3. That it convene the public hearing on the proposed
budget and tax levies on Wednesday, December 9,
1992 and, if necessary reconvene the hearing on
Wednesday, December 16, 1992. The hearings shall
begin at 7:30 PM in the Council Chamber at the City
Offices, 7600 Executive Drive.
ADOPTED by the Eden Prairie City Council this 15th day of
September, 1992.
Dougla B. Tenpas, Mayor
SEAL
ATTEST:
John rane, City Clerk
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