HomeMy WebLinkAboutResolution - 99-240 - Certifying the 1999 Tax Levy, Collectible in 2000, and Adopting the 2000 General Budget - 12/21/1999 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, NIINNESOTA
RESOLUTION NO. 99-240
A RESOLUTION CERTIFYING THE 1999 TAX LEVY, COLLECTIBLE IN 2000,
AND ADOPTING THE 2000 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 2000 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 $18,465,600
Equipment Revolving Fund 580,000
Bonds and Interest
1998 Equipment Certificates 150,000
1995 Improvement Refunding Bonds 500,000
1995 Building Refunding Bond 249,000
1998A Improvement Refunding Bonds 678,000
$20,622,600
Less HACA 690,126
Net tax capacity levy
for certification $19,932,474
Less Fiscal Disparities distribution 817,871
Net tax collectible in 2000 $19,114,603
Taxes to be levied against market value
1992 & 1993 Park Bonds $ 449,000
1994 Open Space Bonds 170,000
Market value tax levy
for certification $ 619,000
Total net tax collectible in 2000 $19,733,603
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 1999 Tax Levy, Collectible in 2000, and Adopting the 2000 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 2, 1999 and conducting the hearing on December 6, 1999.
BE IT YET FURTHER RESOLVED that, with the conclusion of the Proposed Property Tax and
Budget Hearing process, the City Council approves the 2000 Budget for the General Fund and
Debt Service Obligations totaling $27,062,627.
Adopted by the City Council December 21, 1999
can L. Harris, Mayor
ATTEST:
Kabileen Porta, City Clerk