HomeMy WebLinkAboutResolution - 2016-123 - 2017 Budget & Tax Ley - 12/06/2016 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2016-123
A RESOLUTION CERTIFYING THE 2017 TAX LEVY
AND ADOPTING THE 2017 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 2017 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 $ 32,958,841
Capital Improvements 200,000
Bonds and Interest
2008A Equipment Certificates 310,000
2009B Equipment Certificates 40,000
2012B SouthWest Fire Station 310,000
2014A Tax Abatement Bonds 0
Tax Capacity Levy for Certification 33,818,841
Less Fiscal Disparities Distribution 1,672,350
Net Tax Collectible 32,146,491
Taxes to be Levied Against Market Value
2011 C Park Bonds 725,000
2012A Park Bonds 150,000
Market Value Tax Levy for Certification 875,000
Tax Abatement 1,018,000
Total Net Tax Collectible $ 34,039,491
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 2017 Budget totaling $47,130,983.
BE IT FURTHER RESOLVED that the council consents and approves the 2017 HRA tax levy of
$200,000.
ADOPTED by the Eden Prairie City Council this 6th day of December, 2016.
L
ancy ra- e or
ATTEST:
Kathi6en Porta, City Clerk
CITY OF EDEN PRAIRIE
NOTICE OF ADJUSTMENT TO REQUIRED DEBT LEVIES
LEVIED YEAR 2016,COLLECTED YEAR 2017
EXHIBIT 2
Debt levy amounts previously certified may be adjusted to the amounts shown below due to the availability of
other repayment sources.
Date of Amount of Required Levy Actual Levy
OUTSTANDING DEBT WITH REQUIRED LEVY Issue Issue 2016/2017 2016/2017
G.O.Equipment Bonds 2008A 10/01/08 $3,120,000 $385,654 $310,000
G.O.Equipment Bonds 2009B 07/21/09 $2,455,000 $66,938 $40,000
G.O.Park Bonds 2011C I2/01/11 $4,455,000 $789,269 $725,000
G.O.Park Bonds 2012A 03/01/12 $5,110,000 $154,409 $150,000
G.O.Capital Imrpovement Crossover Refunding Bonds 2012B 02/21/12 $3,170,000 $322,777 $310,000
G.O.Tax Abatement Bonds 2014A 06/17/14 $17,155,000 $1,051,851 $1,018,000
GRAND TOTAL $ 2,770,898 $2,553,000