HomeMy WebLinkAboutResolution - 93-220 - Certifying the 1993 Tax Levy, Collectible in 1994, and Adopting the 1994 General Fund Budget - 12/13/1994 i
CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 9 3 - 2 2 0
A RESOLUTION CERTIFYING THE 1993 TAX LEVY, COLLECTIBLE IN 1994,
AND ADOPTING THE 1994 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 1994 upon the taxable property in said City of
Eden Prairie for the following purposes:
Taxes to be levied against tax capacity
General Fund $11,795,000
Fire Relief 261,000
Bonds and Interest
1986 Fire Bonds 187,500
Equipment Certificates 680,000
• 1977 Fire Bonds 68,000
1989 Rec Facility Ref Bonds 287,000
Transportation Bonds 500,000
1989 Public Facility Ref Bonds 230,000
$14,008,500
Less HACA 674 ,568
Net tax capacity levy
for certification $13,333,932
Less Fiscal Disparities distribution 821,811
Net tax collectible in 1994 $12,512,121
Taxes to be levied against market value
1992 Park Bonds $ 66,000
1993 Park Bonds 246,000
Market value tax levy
for certification $ 312.000
Total net tax collectible in 1994 $12,824,121
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 on
Exhibit 1) .
•
Resolution Certifying 1993 Tax Levy, Collectible in 1994,
and Adopting the 1994 General Fund Budget
Page 2
•
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 26,
1993, and conducting the hearing on November 30, 1993.
BE IT YET FURTHER RESOLVED that, with the conclusion of the Proposed
Property Tax and Budget Hearing process, the City Council approves the 1994
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.
0 pted thi 13th day of December, 1993.
qA
f
01
uglas B. Tenpas, Mayor
•ATTEST:
John Y.
Frane, City Clerk
•
CITY OF EDEN PRAIRIE
NOTICE OF ADJUSTMENT TO REQUIRED DEBT LEVIES
LEVIED YEAR 1993, COLLECTED YEAR 1994
De amounts previously certified may be adjusted to the amounts shown below due to the availability of
of payment sources.
Date of Amount Outstanding Required Levy Actual Levy*
Issue of Issue 12/31/92 1993/1994 1993/1994
OUTSTANDING BONDS WITH REQUIRED LEVY
G.O.Water and Sewer 03/01/74 $2,500,000 $200,000 $0 $0
G.O.Water&Sewer Refund Bonds 03/01/78 $6,150,000 $5,800,000 $835,900 $0
G.O. Public Bldg Refunding Bonds 1989A 04/01/89 $2,060,000 $1,910,000 $256,240 $230,000
G.O. Rec Fac Ref Bonds 1989B 04/01/89 $2,770,000 $2,600,000 $344,387 $287,000
G.O. Equip Cert of Ind 1989C 04/01/89 $1,200,000 $600,000 $0 $0
G.O.Water and Sewer 07/01/73 $2,500,000 $150,000 $0 $0
G.O. Park Bonds 1992A 07/01/92 $1,100,000 $1,100,000 $104,006 $66,000
G.O. Equip Certificates 1991A 09/01/91 $1,900,000 $1,725,000 $555,503 $680,000
G.O. Improvement 1991B 09/01/91 $6,050,000 $6,050,000 $81,772 $0
G.O. Bonds- Fire Equip 09/20/77 $998,000 $345,000 $85,700 $68,000
G.O. Bonds-Water&Sewer 09/20/77 $1,400,000 $585,000 $125,100 $0
G.O. Water and Sewer 10/01/76 $1,640,000 $210,000 $39,100 $0
G.O. Improvement Refunding 1991 D 10/01/91 $7,235,000 $5,780,000 $80,167 $500,000
G.O.Water Revenue Bonds 12/01/83 $400,000 $100,000 $0 $0
G.O. Building Series 1986 12/01/86 $2,300,000 $2,050,000 $210,400 $187,500
Water and Sewer Bonds 12/01/78 $2,350,000 $1,425,000 refunded 511/93
G.O. Water Revenue Bonds 12/01/86 $1,700,000 $1,500,000 refunded 5/1193
G.O. Water and Sewer 12/15/87 $5,000,000 $4,500,000 refunded 5/1/93
Park Bonds 1993A 05/01/93 $3,400,000 $0 $342,935 $246,000
OUTSTANDING BONDS WITH NO REQUIRED LEVY
G.O. Improvement Refunding Bonds 03/01/78 $5,090,000 $400,000
G.O. Improvement Bonds 1988A 12/01/88 $9,800,000 $6,950,000
G.O.Water and Sewer 1991C 09/01/91 $9,500,000 $9,500,000
G.O. State Aid Rd Refunding 1991E 10/01/91 $420,000 $420,000
G.O. Water and Sewer Rev Ref 1991F 10/01/91 $3,125,000 $2,925,000
H.R.A. Lease Revenue Bonds 1992A 08/01/92 $2,640,000 $2,640,000
G.O. Improvement Bonds 12/01/78 $500,000 $250,000
G.O. State Aid Rd Bonds 1992E 07/01/92 $1,940,000 $1,940,000
G.O. State Aid Rd Imprvmt Bonds 12/01/82 $2,300,000 $50,000
G.O. Water and Sewer Refunding Bonds 1993C 05/01/93 $6,735,000 $0
G.O. Improvement Bonds 1993B 05/01/93 $2,695,000 $0
H.R.A. Lease Revenue Bonds 1993A 05/01/93 $1,415,000 $0
H.R.A. Lease Revenue Bonds 1992B 12/01/92 $9,760,000 $0
H.R.A.Taxable Lease Revenue Bonds 1992C 12/01/92 $2,355,000 $0
GRAND TOTAL $61,705,000 $3,061,210 $2,264,500
*subject to reduction by HACA and Fiscal Disparities, except 1992&1993 Park Bonds