HomeMy WebLinkAboutResolution - 96-155 - 1997 Proposed Tax Levy & 1997 Proposed Budget - 09/03/1996 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,MINNESOTA
RESOLUTION NO. 9 6 - 1 5 5
A RESOLUTION ADOPTING THE CITY'S PROPOSED 1997 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 1997
WHEREAS, the City Council of the City of Eden Prairie has reviewed the City Manager's recommended 1997 budget and tax
levies; and
WHEREAS, the City Council has decided to accept these recommendations at this time,
NOW, TBEREFORE,BE IT RESOLVED, that the City Council:
1) Establishes the following proposed taxes on real and personal property within the City of Eden Prairie for the 1997 Budget:
Net Levy on Tax Capacity(City) $16,226,884
Levy on Market Value 455,000
Total NET LEVY $16,681,884*
*The NET LEVY excludes$645,970 in Homestead and Agricultural Credit Aid[HACA], and$712,246 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 1997.
2) Sets the following dates for the "Truth-in-Taxation"public hearings on the proposed 1997 tax levy and budget:
Public Hearing: Wednesday, December 4, 1996
7:30 PM, Council Chambers
Eden Prairie City Center
8080 Mitchell Road
Reconvened Public Hearing: Wednesday, December 16, 1996
Same time and location
If the public hearing is completed and closed on December 4, the Council will consider action on the 1997 final tax levy
and budget at its regularly-scheduled meeting on December 19, 1995.
3) Accepts the 1997 proposed net levy of$16,681,884 and proposed budget totaling$23,543,181 at this time.
ADOPTED by the City Council on September 3, 1996.
GR`
jean L. Harris, Mayor
ATTEST:
J rare, City Clerk