HomeMy WebLinkAboutResolution - 2017-118 - Certifying 2018 Tax Levy & Adopt 2018 Budget - 12/12/2017 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2017-118
A RESOLUTION CERTIFYING THE 2018 TAX LEVY
AND ADOPTING THE 2018 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 2018 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 $ 34,296,820
Capital Improvements 300,000
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 35,256,820
Less Fiscal Disparities Distribution 1,791,975
Net Tax Collectible 33,464,845
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 $ 35,357,845
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 2018 Budget totaling $48,648,652.
BE IT FURTHER RESOLVED that the council consents and approves the 2018 HRA tax levy of
$200,000.
ADOPTED by the Eden Prairie City Council this 12th day of December, 2017.
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ATTEST:
Kath en Porta, City Clerk