HomeMy WebLinkAboutResolution - 2014-116 - Certifying 2015 Tax Levy and Adopting 2015 Budget - 12/02/2014 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2014-116
A RESOLUTION CERTIFYING THE 2015 TAX LEVY
AND ADOPTING THE 2015 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 2015 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 $ 31,051,842
Capital Improvements 95,369
Bonds and Interest
2005A Special Assessment Bond 109,000
2008A Equipment Certificates 395,000
2009B Equipment Certificates 75,000
2011 B Equipment Certificates 96,100
2012B SouthWest Fire Station 320,000
2014A Tax Abatement Bonds 0
Tax Capacity Levy for Certification 32,142,311
Less Fiscal Disparities Distribution 1,611,314
Net Tax Collectible 30,530,997
Taxes to be Levied Against Market Value
2011C Park Bonds 750,000
2012A Park Bonds 150,000
Market Value Tax Levy for Certification 900,000
Tax Abatement 750,000
Total Net Tax Collectible $ 32,180,997
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 2015 Budget totaling $44,337,935.
BE IT FURTHER RESOLVED that the council consents and approves the 2015 HRA tax levy of
$200,000.
ADOPTED by the Eden Prairie City Council this 2nd day of December, 2014.
jancy,,Y?rrraZ ns, ayor
ATTEST:
Kathl en Porta, City Clerk