HomeMy WebLinkAboutResolution - 2011-108 - Certifying the 2012 Tax Levy and Adopting Budget - 12/06/2011 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,MINNESOTA
RESOLUTION NO. 2011-108
A RESOLUTION CERTIFYING THE 2012 TAX LEVY
AND ADOPTING THE 2012 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 2012 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 $28,647,954
Market Value Homestead Credit 490,042
Capital Improvements 89,894
Bonds and Interest
2005A Special Assessment Bond 109,000
2006B Building Bond 355,000
2008A Equipment Certificates 425,000
2049E Equipment Certificates 380,000
2009C Public Facility Bonds 316,000
2011 B Equipment Certificates 96,100
Net tax capacity levy for certification $30 908,990
Less Fiscal Disparities distribution 1,673,1 50
Net tax collectible $29,235,840
Taxes to be levied against market value
2003A Refunding Park Bonds $ 115,000
2003C Refunding Open Space Bonds 200,000
2005C Park Bonds 213,302
2006A Park Bonds 821,698
Market value tax levy
for certification $ 1,350,000
Total net tax collectible $30,585,840
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 2).
BE IT FURTHER RESOLVED that,with the conclusion of the Proposed Property Tax and Budget
Hearing process, the City Council approves the 2012 Budget totaling$41,466,168.
BE IT FURTHER RESOLVED that the council consents and approves the 2012 HRA tax levy of
$200,000.
ADOPTED by the Eden Prairie City Council this 6th day of December, 2011.
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K leen Porta, City Clerk