HomeMy WebLinkAboutResolution - 94-203 - 1994 Tax Levy and Adopting the 1995 General Fund Budget - 12/06/1994 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 9 4 - 2 0 3
A RESOLUTION CERTIFYING THE 1994 TAB LEVY, COLLECTIBLE IN 1995,
AND ADOPTING THE 1995 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 1995 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 $12, 012,228
Equipment Revolving Fund 450,100
Bonds and Interest
1986 Fire Bonds 229,000
Equipment Certificates 948,000
1977 Fire Bonds 86,000
1989 Recreation Facility Refunding Bond 357,000
Special Assessment Bonds--City Share 500,000
1989 Public Facility Refunding Bonds 249,000
$14,8311328
Less HACA 692 ,056
Net tax capacity levy
for certification $14,139,272
Less Fiscal Disparities distribution 646,272
Net tax collectible in 1995 $13,493,000
Taxes to be levied against market value
1992 & 1993 Park Bonds $ 292,000
1994 Open Space Bonds 115,000
Market value tax levy
for certification S 407,000
Total net tax collectible in 1995 $13,900,000
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) .
Resolution Certifying 1994 Tax Levy, Collectible in 1995,
and Adopting the 1995 General Fund Budget
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 25,
1994, and conducting the hearing on November 29, 1994.
BE IT YET FURTHER RESOLVED that, with the conclusion of the Proposed
Property Tax and Budget Hearing process, the City Council approves the 1995
Budget for the General Fund and Debt Service Obligations totalling
$22, 058,500.
Adopted by the City Cou it December 6, 1994
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Attest: ouglas . Tenpas, a or
John Frane, City Clerk
CITY OF EDEN PRAIRIE
NOTICE OF ADJUSTMENT TO REQUIRED DEBT LEVIES
LEVIED YEAR 1994, COLLECTED YEAR 1995
Debt levy amounts previously certified may be adjusted to the amounts shown below due to the availability of
other payment sources.
Date of Amount Required Levy Actual Levy*
Issue of Issue 1994/1995 1994/1995
OUTSTANDING BONDS WITH REQUIRED LEVY
G.O. Water&Sewer Refund Bonds 03/01/78 $6,150,000 $784,088 $0
G.O. Public Bldg Refunding Bonds 1989A 04/01/89 $2,060,000 $304,310 $249,000
G.O. Rec Fac Ref Bonds 1989B 04/01/89 $2,770,000 $338,540 $357,000
G.O. Park Bonds 1992A 07/01/92 $1,100,000 $103,234 $100,000
G.O. Equip Certificates 1991A 09/01/91 $1,900,000 $542,286 $591,000
G.O. Improvement 1991E 09/01/91 $6,050,000 $902,068 $0
G.O. Bonds-Fire Equip 09/20/77 $998,000 $85,276 $86,000
G.O. Bonds-Water&Sewer 09/20/77 $1,400,000 $122,249 $0
G.O. Water and Sewer 10/01/76 $1,640,000 $36,367 $0
G.O. Improvement Refunding 1991D 10/01/91 $7,235,000 $1,061,004 $500,000
G.O. Building Series 1986 12/01/86 $2,300,000 $208,058 $229,000
G.O. Park Bonds 1993A 05/01/93 $3,400,000 $195,962 $192,000
G.O. Park Bonds 1994A 08/01/94 $1,950,000 $114,731 $115,000
G.O. Equip Certificates 08/01/94 $1,200,000 $356,948 $357,000
OUTSTANDING BONDS WITH NO REQUIRED LEVY
G.O. Improvement Refunding Bonds 03/01/78 $5,090,000
G.O. Improvement Bonds 1988A 12/01/88 $9,800,000
G.O. Water and Sewer 1991 C 09/01/91 $9,500,000
0 G.O. State Aid Rd Refunding 1991 E 10/01/91 $420,000
G.O. Water and Sewer Rev Ref 1991 F 10/01/91 $3,125,000
H.R.A. Lease Revenue Bonds 1992A 08/01/92 $2,640,000
G.O. Improvement Bonds 12/01/78 $500,000
G.O. State Aid Rd Bonds 1992B 07/01/92 $1,940,000
G.O. State Aid Rd Imprvmt Bonds 12/01/82 $2,300,000
G.O. Water and Sewer Refunding Bonds 1993 05/01/93 $6,735,000
G.O. Improvement Bonds 1993E 05/01/93 $2,695,000
H.R.A. Lease Revenue Bonds 1993A 05/01/93 $1,415,000
H.R.A. Lease Revenue Bonds 1992E 12/01/92 $9,760,000
H.R.A.Taxable Lease Revenue Bonds 1992C 12/01/92 $2,355,000
GRAND TOTAL $5,155,119 $2,776,000
*subject to reduction by HACA and Fiscal Disparities,except 1992&1993 Park Bonds
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