HomeMy WebLinkAboutResolution - 98-218 - Certifying 1998 Tax Levy, Collectible in 1999, Adopting 1999 General Budget - 12/15/1998 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, IVIINNESOTA
RESOLUTION NO. 98- 218
A RESOLUTION CERTIFYING THE 1998 TAX LEVY, COLLECTIBLE IN 1999,
AND ADOPTING THE 1999 GENERAL FUND BUDGET
WHEREAS, the City Council has reviewed the budget recommended by the City Manager,
listened to public comment, and discussed the proposals and tax levy for the 1999 General Fund
Budget,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL of the City of Eden
Prairie, County of Hennepin, Minnesota, that the following sums of money be levied upon the
taxable property in said City the following purposes:
Taxes to be levied against tax capacity
General Fund $17,313,215
Equipment Revolving Fund 562,800
Bonds and Interest
1995 Building Refunding Bonds 112,000
Equipment Certificates 150,000
1995 Improvement Refunding Bonds 500,000
1998A Improvement Refunding Bond 815,000
$19,453,015
Less HACA 645,872
Net tax capacity levy
for certification $18,807,143
Less Fiscal Disparities distribution 787.152
Net tax collectible in 1999 $18,0199991
Taxes to be levied against market value
1992 & 1993 Park Bonds $ 432,000
1994 Open Space Bonds 160,000
Market value tax levy
for certification $ 592,000
Total net tax collectible in 1999 $18,611,991
Funds have been provided for principal and interest payments on all bond issues except as shown
above, and no other levies are required (as shown in Exhibit 1).
Resolution Certifying 1998 Tax Levy, Collectible in 1999, and Adopting the 1999 General
Fund Budget
BE IT FURTHER RESOLVED that the City Council declare its compliance with the "Truth-in-
Taxation" requirements, having published a notice of Proposed Property Tax and Budget Hearing
in the Eden Prairie News on December 3,1998 and conducting the hearing on December 7, 1998.
BE IT YET FURTHER RESOLVED that, with the conclusion of the Proposed Property Tax and
Budget Hearing process, the City Council approves the 1999 Budget for the General Fund and
Debt Service Obligations totaling $25,527,672.
Adopted by the City Council December 15, 1998.
an L. Harris, Mayor
Attest:
Donald Uram, City Clerk