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HomeMy WebLinkAboutResolution - 98-116 - Local Transit Levy Option for 1999 Payable Taxes - 06/16/1998 CITY OF EDEN PRAIRIE COUNTY OF HENNEPIN RESOLUTION NO. 98-116 DECLARING INTENT TO EXERCISE LOCAL TRANSIT LEVY OPTION FOR TAXES IN 1999 WHEREAS,Laws of Minnesota for 1996, Chapter 455, Section 4(the"Local Levy Option Act"), allows the Cities of Eden Prairie,Chanhassen,and Chaska,to make a local transit tax levy in lieu of receiving assistance from the Metropolitan Council under Minnesota Statutes, Section 473.388, subdivision 4; and, WHEREAS,said local transit levy will replace a similar transit tax levy which would otherwise be made by the Metropolitan Council;and, WHEREAS,in order to effectively exercise the local transit tax levy option,it is necessary that each of the Cities of Eden Prairie,Chanhassen, and Chaska,notify the State Commissioner of Revenue and the Metropolitan Council of its intent to levy the taxes before July 1 of each levy year and to include in the notification the amount of the City's proposed transit tax for the levy year, and, WHEREAS,it is in the best interest of the City of Eden Prairie that it declare its intent to exercise the local transit levy option for taxes payable in 1999. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Eden Prairie as follows: 1. The City hereby declares its intent to exercise the local transit tax levy option for taxes payable in 1999 as permitted by Local Levy Option Act and as certified by the State Commissioner of Revenue in accordance therewith. 2. The City Manager is authorized and directed to give the State Commissioner of Revenue and the Metropolitan Council of the City's intent to exercise the local transit tax option for taxes payable in 1999 in accordance with the notice attached hereto as Exhibit A and incorporated herein by reference. ADOPTED by the City Council of the City of Eden Pr ' this 16th day of June 1998. Harris,Mayor ATTEST: Donald R. Uram, City Clerk EXHIBIT A NOTICE OF INTENT TO EXERCISE LOCAL TRANSIT TAX LEVY OPTION FOR TAXES PAYABLE IN 1999 The State Commissioner of Revenue and the Metropolitan Council are hereby notified that the City of Eden Prairie,Minnesota,intends to exercise the local transit tax levy option for taxes levied in 1998 and payable in 1999 pursuant to Laws of Minnesota for 1996, Chapter 455, Section 4. The proposed amount of the City's transit tax for the 1999 levy year is$3,039,303,or the 1998 levy amount($2,772,442)multiplied by the maximum levy limit for the City of Eden Prairie,whichever is less, all in accordance with Laws of Minnesota for 1996, Chapter 455, Section 4,for taxes levied by the City in 1998.and payable in 1999. By order of the City Council of the City of Eden Prairie.