HomeMy WebLinkAboutResolution - 2005-147 - Certifying the 2006 Tax Levy and Adopting the 2006 Budget - 12/13/2005 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2005-147
A RESOLUTION CERTIFYING THE 2006 TAX LEVY AND ADOPTING THE 2006
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 2006 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 for the following purposes:
Taxes to be levied against tax capacity
General Fund $24,257,744
Equipment Revolving Fund 639,392
Capital Improvements 1,000,000
Bonds and Interest
2005A Special Assessment Bond 109,000
2004 Building Refunding Bond 195,000
2000A Public Facility Bonds 330,000
2002 Public Facility Bonds 210,000
2002 Equipment Certificates 195,000
2004 Equipment Certificates 250,000
Net tax capacity levy for certification $27,186,136
Less Fiscal Disparities distribution 1,284,921
Net tax collectible in 2006 $25,901,215
Taxes to be levied against market value
2003A Refunding Park Bonds $ 425,000
2003C Refunding Open Space Bonds 210,000
2005C Park Bonds 249,975
2006A Park Bonds 826,749
Market value tax levy
for certification $ 1,711,724
Total net tax collectible in 2006 $27,612,939
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).
BE IT FURTHER RESOLVED that,with the conclusion of the Proposed Property Tax and Budget
Hearing process, the City Council approves the 2006 Budget totaling $36,768,552.
BE IT FURTHER RESOLVED that the council consents and approves the 2006 HRA tax levy of
$200,000.
ADOPTED by the Eden Prairie City Council this 13th day of December, 2005.
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ATTEST:
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Ka Teen Porta, City Clerk