HomeMy WebLinkAboutResolution - 98-163 - Certifying Proposed 1999 Property Tax Levy, Accepting Proposed 1999 Budget, and Setting Truth-In-Taxation Hearing Dates - 09/01/1998 RESOLUTION# 98-163
CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,MINNESOTA
A RESOLUTION ADOPTING THE CITY'S PROPOSED 1999 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 1999
WHEREAS,the City Council of the City of Eden Prairie has reviewed the City Manager's recommended 1999
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 1999
budget.
Net Levy on Tax Capacity(City) $18,019,991
Levy on Market Value 592,000
Total NET LEVY $18,611,991
* The NET LEVY excludes $645,872 in Homestead and Agriculture Credit Aid (HACA), and $787,152 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 1999.
2. Sets the following dates for the"Truth-in-Taxation"public hearings on the proposed 1999 tax levy and budget:
Public Hearing: Monday,December 7, 1998
7:30 PM,Council Chambers
Eden Prairie City Center
8080 Mitchell Road
Reconvened Public Hearing: Tuesday,December 15, 1998
6:30 PM,Council Chambers
Eden Prairie City Center
8080 Mitchell Road
If the public hearing is completed and closed on December 7,the Council will consider action on the 1999 tax levy
and budget at its regularly-scheduled meeting December 15, 1998.
3. Accepts the 1999 proposed net levy of$18,611,991 and propo d budget totaling$25,527,672 at this time.
ADOPTED by the City Council on September 1, 1998.
J an L.Harris,Mayor
Donald R.Uram,City Clerk