HomeMy WebLinkAboutResolution - 99-169 - Certifying the City's Proposed 2000 Property Tax Levies, Setting the Dates for the "Truth-In-Taxation" Hearings & Accepting Proposed Budge for 2000 - 09/07/1999 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,NIINNESOTA
RESOLUTION 99-169
A RESOLUTION ADOPTING THE CITY'S PROPOSED 2000 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 2000
WHEREAS,the City Council of the City of Eden Prairie has reviewed the City Manager's recommended 2000
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 2000
budget.
Net Levy on Tax Capacity(City) $19,114,603
Levy on Market Value 619,000
Total NET LEVY $19,733,603*
* The NET LEVY excludes $690,126 in Homestead and Agriculture Credit Aid (BACA), and $817,871 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 2000.
2. Sets the following dates for the"Truth-in-Taxation"public hearings on the proposed 2000 tax levy and budget:
Public Hearing: Monday,December 6, 1999
7:00 PM,Council Chambers
Eden Prairie City Center
8080 Mitchell Road
Reconvened Public Hearing: Tuesday,December 21, 1999
6:30 PM,Council Chambers
Eden Prairie City Center
8080 Mitchell Road
If the public hearing is completed and closed on December 6,the Council will consider action on the 2000 tax levy
and budget at its regularly-scheduled meeting December 21, 1999.
3. Accepts the 2000 proposed net levy of$19,733,603 and proposed budget totaling$27,062,627 at this time.
ADOPTED by the City Council on September 7, 1999.
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ATTEST:
Kathleen Porta,City Clerk