HomeMy WebLinkAboutResolution - 92-255 - Certifying 1992 Tax Levy Collectable in 1993 and Adopting the 1993 General Fund Budget - 12/09/1992 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 32-
• A RESOLUTION CERTIFYING THE 1992 TAR LEVY,
COLLECTIBLE IN 1993
AND ADOPTING THE 1993 GENERAL FUND BUDGET
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 for the current
year, collectible in 1993 upon the taxable property in said City of Eden Prairie
for the following purposes:
General Fund $10,980,000
Fire Relief 261,000
Bonds and Interest
1989 Park Bonds (Ref) 325,000
Transportation System Bonds 500,000
1989 City Services Bonds (Ref) 230,000
1986 Fire Bonds 236,000
Equipment Certificates 928,000
1992 Park Bonds (Referendum) * $ 65,000*
13 ,525,700
*To be levied against Estimated Market Value Only.
Funds have been provided for principal and interest payments on all bond issues
0"cept as shown above and no other levies are required (as shown on Exhibit 1) .
Tne net tax levies are anticipated to total $12,262,273 following receipt of
Housing and Agricultural Credit Aid (HACA) revenues from the State of Minnesota
and distribution from the metropolitan tax-base sharing ("fiscal disparities")
program.
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 December 3, 1992, and
conducting the hearing on December 9, 1992.
BE IT YET FURTHER RESOLVED that, with conclusion of the Proposed Property Tax and
Budget Hearing, the City Council approves the 1993 General Fund budget.
The City Clerk is hereby instructed to transmit a certified copy of this
resolution to the County Auditor of Hennepin County, Minnesota.
ADOPTED this 9th day of December 1992.
Douglas Tenpas, Mayor
ATTEST:
0
Joh .Fr , City Clerk
EXHIBIT 1
CITY OF EDEN PRAIRIE, MINNESOTA
NOTICE OF ADJUSTMENT TO REQUIRED DEBT LEVIES
LEVIED YEAR 1992, COLLECTED YEAR 1993
• Debt levy amounts previously certified may be adjusted to the amounts shown below
due to the availability of other repayment sources.
Required Actual
Date of Amount Levy Levy
Issue of Issue 1992/93 1992193
OUTSTANDING BONDS WITH REQUIRED LEVY
G.O.Water and Sewer 07/01/73 $2,500,000 $0 $0
G.O.Water and Sewer 03/01/74 $2,500,000 $0 $0
G.O.Water and Sewer 10/01/76 $1,640,000 $76,100 $0
G.O. Bonds —Water& Sewer 09/20/77 $1,400,000 $124,500 $0
G.O. Bonds — Fire Equip 09/20/77 $998,000 $89,300 $0
G.O.Water&Sewer Refund Bonds 03/01178 $6,150,000 $806,900 $0
Water and Sewer Bonds 12/01/78 $2,350,000 $230,800 $0
G.O.Water Revenue Bonds 12/01/83 $400,000 $57,400 $0
G.O. Building Series 1986 12/01/86 $2,300,000 $214,800 $236,000
G.O.Water Revenue Bonds 12/01/86 $1,700,000 $152,500 $0
G.O.Water and Sewer 12/15/87 $5,000,000 $489,900 $0
G.O. Public Bu Bonds 1989A 04/01/89 $2,060,000 $242,682 $230,000
G.O. Rec Fac Ref Bonds 1989B 04/01/89 $2,770,000 $322,455 $325,000
G.O. Equip Cen of Ind 1989C 04/01/89 $1,200,000 $336,263 $336,263
G.O. Equip Certificates 1991A 09/01/91 $1,900,000 $470,584 $591,737
G.O. Improvement 1991B 09/01/91 $6,050,000 $37,942 $0
G.O. Improvement Refunding 1991 D 101/91 $7,235,000 $70,590 $500,000
• G.O. Park Bonds 1992A 7/1/92 $1,100,000 $106,488 $65,000
OUTSTANDING BONDS WITH NO REQUIRED LEVY
G.O. Improvement Refunding Bonds 03/01/78 $5,090,000 $0 $0
G.O. Improvement Bonds 12/01/78 $425,000 $0 $0
G.O. Improvement Bonds 1988A 12/01/88 $9,800,000 $0 $0
G.O.Water and Sewer Rev 1991 C 09/01/91 $9,500,000 $0 $0
G.O. State Aid Rd Refunding 1991 E 10/01/91 $420,000 $0 $0
G.O.Water and Sewer Rev Ref 1991 F 10/01/91 $3,125,000 $0 $0
H.R.A. Lease Revenue Bonds 1992A 8/1/92 $2,640,000 $0 $0
G.O. State Aid Road Bonds 1992B 7/1/92 $1,940,000 $0 $0
H.R.A. Lease Revenue Bonds 1992B 12/1/92 $9,760,000 $0 $0
H.R.A.Taxable Lease Revenue Bonds 1992C 12/1/92 $2,355,000 $0 $0
Note: All tax increment bonds have been called.