HomeMy WebLinkAboutResolution - 95-166 - 1996 Proposed Tax Levy and 1996 Proposed Budget - 09/05/1995 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. J)5 - 16 6
A RESOLUTION ADOPTING THE CITY'S PROPOSED 1996 PROPERTY TAX LEVIES,
SETTING THE DATE(S) FOR THE "TRUTH-IN-TAXATION" HEARINGS,
AND ACCEPTING A PROPOSED BUDGET FOR GENERAL OPERATIONS AND
TAX-SUPPORTED OBLIGATIONS FOR 1996
WHEREAS, the City Council of the City of Eden Prairie has reviewed the .City
Manager's recommended 1996 budget and tax levies; and
WHEREAS, the City Council has decided to accept these recommendations at
this time,
NOW, THEREFORE, BE IT RESOLVED, that the City Council:
1) Established the following proposed taxes on real and personal
property within the City of Eden Prairie for the 1995 Budget:
Net Levy on Tax Capacity $14,487,610
Levy on Market Value 435,300
Total NET LEVY $14,922,910
(The NET LEVY excludes $588,226 in Homestead and Agricultural
Credit Aid [HACA] , and $675,876 in distribution from the
Metropolitan Tax-Base Sharing Pool [Fiscal Disparities] )
The proposed total net levy may not be exceeded when the City
Council sets the final tax levy for 1996.
2) . Sets the following dates for the "Truth-in-Taxation" public
hearings on the proposed 1996 tax levy and budget:
Public Hearing: Wednesday, December 6, 1995
7:30 PM, Council Chamber
Eden Prairie City Center
8080 Mitchell Road
Reconvened Public Hearing: Wednesday, December 13, 1995
Same time and location
If the public hearing is completed and closed on December 6, the
Council will consider action on the 1996 final tax levy and
budget at its regularly-scheduled meeting on December 19, 1995.
3) Accepts the 1996 proposed net levy of $14,922,910 and proposed
budget totalling $22,516,200 at this time.
Adopted by the City Cou eptember 5, 1995
Attest: n L. Harris, Mayor
Joh ane, City Clerk