HomeMy WebLinkAboutResolution - 2007-101 - Adopting Preliminary 2008 Budget and HRA Levy - 09/04/2007 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2007-101
A RESOLUTION ADOPTING THE CITY'S PRELIMINARY PROPOSED 2008
PROPERTY TAX LEVIES, ACCEPTING A PROPOSED BUDGET FOR GENERAL
OPERATIONS AND TAX-SUPPORTED OBLIGATIONS FOR 2008, AND CONSENT
AND APPROVE THE 2008 HRA LEVY
WHEREAS, the City Council of the City of Eden Prairie has reviewed the City Manager's
recommended 2008 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 2008 budget.
Levy on Tax Capacity $31,896,902
Levy on Market Value 1,721,724
Total LEVY $33,618,626
The preliminary proposed total Levy may not be exceeded when the City Council sets the final
tax levy for 2008.
2. Accepts the 2008 proposed levy of$33,618,626 and proposed budget totaling$42,054,786
at this time.
3. Consents and approves a preliminary 2008 HRA tax levy of$200,000.
4. This Resolution establishes the maximum amount of the levies set forth above. The final
levy shall be no more than said amount,but may at the Council's discretion,be less.
ADOPTED by the City Council on September 4, 2007.
Phil Youn , ayor
ATTEST:
K leen Porta, City Clerk