HomeMy WebLinkAboutResolution - 20006-151 - Certifying the 2007 Tax Levy and adopting the 2007 Budget - 12/19/2006 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2006-151
A RESOLUTION CERTIFYING THE 2007 TAX LEVY AND ADOPTING THE 2007
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 2007 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 $25,356,612
Equipment Revolving Fund 664,968
Capital Improvements 1,629,029
Bonds and Interest
2006C Equipment Certificates 255,000
2006B Building Bond 375,000
2005A Special Assessment Bond 109,000
2004 Building Refunding Bond 215,000
2000A Public Facility Bonds 345,000
2002 Equipment Certificates 155,000
2004 Equipment Certificates 260,000
Net tax capacity levy for certification $29,364,609
Less Fiscal Disparities distribution 1,369,663
Net tax collectible in 2007 $27,994,946
Taxes to be levied against market value
2003A Refunding Park Bonds $ 435,000
2003C Refunding Open Space Bonds 210,000
2005C Park Bonds 249,975
2006A Park Bonds 826,749
Market value tax levy
for certification $ 1,721,724
Total net tax collectible in 2007 $29,716,670
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 2007 Budget totaling $39,061,313.
BE IT FURTHER RESOLVED that the council consents and approves the 2007 HRA tax levy of
$200,000.
ADOPTED by the Eden Prairie City Council this 19th day of December, 2006.
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ATTEST:
Ka leen Porta, City Clerk