HomeMy WebLinkAboutResolution - 97-165 - Certifying Proposed 1998 Property Tax Levy, Accepting Proposed 1998 Budget, and Setting Truth-In-Taxation Hearing Dates - 09/02/1997 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 97-165
A RESOLUTION ADOPTING THE CITY'S PROPOSED 1998 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 1998
WHEREAS, the City Council of the City of Eden Prairie has reviewed the City Manager's recommended 1998 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) Establishes the following proposed taxes on real and personal property within the City of Eden Prairie for the 1998 Budget:
Net Levy on Tax Capacity(City) $17,270,492
Levy on Market Value 608,000
Total NET LEVY $17,878,492
*The NET LEVY excludes$646,200 in Homestead and Agricultural Credit Aid[HACA], and$764,992 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 1998.
2) Sets the following dates for the "Truth-in-Taxation" public hearings on the proposed 1998 tax levy and budget:
Public Hearing: Wednesday, December 10, 1997
7:30 PM, Council Chambers
Eden Prairie City Center
8080 Mitchell Road
Reconvened Public Hearing: Wednesday, December 17, 1997
7:30 PM, Council Chambers
Eden Prairie City Center
8080 Mitchell Road
If the public hearing is completed and closed on December 10, the Council will consider action on the 1998 final tax levy
and budget at its regularly-scheduled meeting on December 16, 1997.
3) Accepts the 1998 proposed net levy of$17,878,492 and proposed budget totaling$24,675,990 at this time.
ADOPTED by the City Council on September 2, 1997.
�Harris, ayor
ATTEST:
On. F , City Clerk