City Council Resolution 2019-71CITY OF MONTICELLO
RESOLUTION NO 2019-71
RESOLUTION ADOPTING THE 2020 PRELIMINARY TAX LEVY AND
AUTHORIZING CANCELLATION OF CERTAIN DEFERRED TAX LEVIES
WHEREAS, the Finance Director has prepared and submitted to the City Council a preliminary
budget setting forth therein his estimated needs of the City of Monticello for all operations and
the debt service for the fiscal year commencing January 1, 2020; and
WHEREAS, the City Council has reviewed the same and has made such changes therein as
appear to be in the best interest of the City of Monticello; and
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
MONTICELLO that there be and hereby is a preliminary levy for the fiscal year commencing
January 1, 2020, and the following sums for the respective purposes indicated therein upon the
taxable property of the City of Monticello, to wit:
BE IT FURTHER RESOL VED, that the Auditor/Treasurer of Wright County is hereby
authorized and directed, pursuant to the provisions of Section 475.61, Minnesota Statutes
Annotated, to cancel or otherwise amend the levies for said indebtedness heretofore made to be
levied in the year 2019 for collection in the year 2020 as follows:
Debt Service Levies
Bond
Resolution
PRELIMINARY
TAX LEVY
REVENUE
G.O. Bonds, Series 201 lA
172,641
General Fund
$
6,813,000
Community Center
$
417,000
OTHER FUNDS
601,578
535,501
Debt Service
$
2,939,987
Capital Projects"- Future Debt
$
275,013
TOTAL TAX LEVY
$
10,445,000
BE IT FURTHER RESOL VED, that the Auditor/Treasurer of Wright County is hereby
authorized and directed, pursuant to the provisions of Section 475.61, Minnesota Statutes
Annotated, to cancel or otherwise amend the levies for said indebtedness heretofore made to be
levied in the year 2019 for collection in the year 2020 as follows:
Debt Service Levies
Bond
Resolution
2020
Lev
Levy
Added
Canceled
G.O. Bonds, Series 201 lA
172,641
172,641
G.O. Bonds, Series 2013A
75,044
-
75,044
G.O. Bonds, Series 2014A
601,578
535,501
66,077
G.O. Bonds, Series 2015B
198,385
198,385
-
G.O. Bonds, Series 2016A
405,039
405,039
-
G.O. Bonds, Series 2017A
252,367
252,367
-
G.O. Bonds, Series 2017A - Abatement
175,000
175,000
-
G.O. Bonds, Series 2018A
167,434
167,434
-
G.O. Bonds, Series 2018A - Abatement
305,000
305,000
-
G.O. Bonds, Series 2019A
663,620
663,620
-
G.O. Bonds, Series 2019A - Abatement
65,000
65,000
-
Total
$ 3,081,108
$ 2,939,987
$ 141,121
The above resolution was introduced by Councilmember �� r , was duly seconded
by Councilmember L_)gV , 4 SO v1 -,,with the following voting in favor thereof:
The following voting in opposition: Yme-
CoLkVU, LL C1AWLCr a.%
The City Administrator is hereby instructed to transmit a certified copy of this resolution to the
County Auditor of Wright County, Minnesota.
ADOPTED BYthe Monticello City Council this 23rd day of September, 2019.
CITY OF MONTICELLO
Brian Stumpf, ayor
ATTEST:
Jeff WVX, City Administrator