HomeMy WebLinkAboutResolution - 95-21 - Supporting Changes in Business Property Taxes - 01/17/1995 CITY OF EDEN PRAIRIE
Hennepin County, Minnesota
RESOLUTION NO. 95 - 21
A RESOLUTION SUPPORTING CHANGES IN BUSINESS PROPERTY TAXES
WHEREAS, businesses are the principal source of jobs and economic vitality in the City of Eden
Prairie; and
WHEREAS, Eden Prairie's businesses must have competitive prices in order to stay in business and
continue employing residents of our community; and
WHEREAS, business property taxes are a significant cost of doing business, equalling a second
fifteen-year mortgage on every Minnesota business; and
WHEREAS, Minnesota business property taxes place local businesses at a competitive disadvantage
because their taxes are significantly higher than their competitors in other states; and
WHEREAS, communities like Eden Prairie cannot afford to lose jobs because potential new
employers choose other, less expensive locations; and
WHEREAS, previous efforts by the Legislature to reduce effective tax rates on business property
have not been meaningful,
NOW, THEREFORE, BE IT RESOLVED, that the City of Eden Prairie does hereby call on the
1995 Minnesota Legislature to act to make business property taxes competitive with those in
Minnesota's neighboring states.
BE IT FURTHER RESOLVED that the City of Eden Prairie will work voluntarily with state
officials to develop funding alternatives to reduce the reliance on business property taxes.
Adopted by the City Council on January 17, 1995
d�QnTL. Harris, Mayor
ATTEST:
Vis.-Friane, City Clerk