City Council Resolution 2020-88CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2020-88
RESOLUTION ADOPTING THE 2021 FINAL PROPERTY TAX LEVY AND
AUTHORIZING CANCELLATION OF CERTAIN DEFERRED TAX LEVIES
WHEREAS, the Finance Director has prepared and submitted to the City Council a budget
setting forth therein his estimated needs of the City of Monticello for operations, capital
improvements and debt service for the fiscal year commencing January 1, 2021; 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;
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Monticello as
follows:
SECTION I. There is hereby levied upon all taxable property in the City of
Monticello a direct ad valorem tax collectible in 2021 for the following purposes and in the
following amounts:
REVENUE
NET CERTIFIED LEVY
General
$7,16900
Community Center
$
485,000
Capital Projects - Future Debt
$
578,221
DEBT SERVICE FUNDS
G.O. Bonds, Series 2014A
$
513,570
G.O. Bonds, Series 2015B
$
201,115
G.O. Bonds, Series 2016A
$
40609
G.O. Bonds, Series 2017A
$
250,097
G.O. Bonds, Series 2017A - Abatement
$
18000
G.O. Bonds, Series 2018A
$
138,077
G.O. Bonds, Series 2018A - Abatement
$
3105000
G.O. Bonds, Series 2019A
$
639,945
G.O. Bonds, Series 2019A - Abatement
$
75,000
G.O. Bonds, Series 2020A
$
117,586
TOTAL TAX LEVY
$119063,700
SECTION II. There is hereby levied $366,300 upon all taxable real property within
the City of Monticello a special benefit tax, collectible in 2021, under Section 469.033, subd.
6, of the HRA Act (HRA levy):
SECTION III. It is hereby determined that sufficient monies are now on hand, or will
be when needed, for the payment of principal and interest to come due during the year 2021 for
certain bond issues outstanding of the City of Monticello.
SECTION III. 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 2020
for collection in the year 2021 as follows:
Debt Service Levies
Bond
Resolution
Levy
2021 Added
Le Canceled
G.O. Bonds, Series 2011A
175,948
- 175,948
G.O. Bonds, Series 2014A
6075626
5139570 94,056
G.O. Bonds, Series 2015B
2019115
201,115 -
G.O. Bonds, Series 2016A
4069089
406,089 -
G.O. Bonds, Series 2017A
250,097
250,097 -
G.O. Bonds, Series 2017A - Abatement
1809000
1805000 -
G.O. Bonds, Series 2018A
158,077
1389077 20,000
G.O. Bonds, Series 2018A - Abatement
310,000
310,000
G.O. Bonds, Series 2019A
6591945
639,945 20,000
G.O. Bonds, Series 2019A - Abatement
75,000
75,000
G.O. Bonds, Series 2020A
1171586
117,586 -
Total
$ 3,141,483
$ 2,831,479 $ 310,004
SECTION IV. City personnel are instructed to submit the following certifications to
various government agencies by December 28, 2020:
• Certified copy of this resolution to the Wright County Auditor -Treasurer
• City and HRA final levy certification forms to the Wright County Auditor -Treasurer
• City and HRA levy Certification of Truth in Taxation Compliance forms to the Minnesota
Department of Revenue
• City and HRA Property Tax Levy Report forms to the Minnesota Department of Revenue.
ADOPTED BY the Monticello City Council this 14th day of December, 2020.
CITY OF MONTICELLO
ri n Stumpf, or
ATTEST:
The above resolution was introduced by Councilmember Hilgart and was duly seconded by
Councilmember Fair.
The following voting in favor: Davidson, Fair, Gabler, Hilgart, and Stumpf
The following voted in opposition: None
CERTIFICATION
STATE OF MINNESOTA
COUNTY OF WRIGHT
I hereby certify that the foregoing is a true and correct copy of a resolution duly passed,
adopted and approved by the Monticello City Council at their scheduled meeting on December
149 2020, and recorded in minutes of said meeting.
1
Notary Public: 1
Date:
ELIZABETH ELLEN GREEN
Notary Public, State of Minnesota
' a My Commission Expire$
� January 31, 2022