City Council Resolution 2021-71CITY OF MONTICELLO
RESOLUTION NO 2021-71
RESOLUTION ADOPTING THE 2022 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 her estimated needs of the City of Monticello for operations and debt
service for the fiscal year commencing January 1, 2022; 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
NO W, THEREFORE, BE IT RESOL VED B Y THE CO UNCIL OF THE CITY OF
MONTICELLO that there be and hereby is a preliminary levy for the fiscal year commencing
January 1, 2022, and the following sums for the respective purposes indicated therein upon the
taxable property of the City of Monticello, to wit:
BE IT FURTHER RESOLVED, 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 2021 for collection in the year 2022 as follows:
Debt Service Levies
PRELIMINARY
TAX LEVY
REVENUE
Levy Added
(Canceled)
General Fund
$ 7,475,000
Community Center
485,000
OTHER FUNDS
606,707
Debt Service
2,311,400
Capital Projects - Future Debt
1,081,600
TOTAL TAX LEVY
$ 11,353,000
BE IT FURTHER RESOLVED, 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 2021 for collection in the year 2022 as follows:
Debt Service Levies
Bond
Resolution
2021
Levy
Levy Added
(Canceled)
G.O. Bonds, Series 2011A
$ 173,533 $
-
$ (173,533)
G.O. Bonds, Series 2014A
606,707
-
(606,707)
G.O. Bonds, Series 2015B
197,650
192,650
(5,000)
G.O. Bonds, Series 2016A
406,929
406,929
G.O. Bonds, Series 2017A
242,367
242,367
G.O. Bonds, Series 2017A - Abatement
185,000
185,000
G.O. Bonds, Series 2018A
148,812
131,812
(17,000)
G.O. Bonds, Series 2018A - Abatement
320,000
320,000
G.O. Bonds, Series 2019A
664,446
634,446
(30,000)
G.O. Bonds, Series 2019A - Abatement
75,000
75,000
G.O. Bonds, Series 2020A
123,196
123,196
-
Tota I
$ 3,143, 640 $
2,311,400
$ (832, 240)
The above resolution was introduced by Councilmember Davidson , was duly seconded
by Councilmember Murdoff , with the following voting in favor thereof:
Davidson, Gabler, Hudgins, Murdoff
The following voting in opposition: None
(Mayor Hilgart absent)
The Finance Director is hereby instructed to transmit a certified copy of this resolution to the
County Auditor of Wright County, Minnesota.
ADOPTED BY the Monticello City Council this 27th day of September, 2021.
CITY F ONTICELLO
ar ro rto d A ler, Acing Mayor
ATTEST:
V -&"r `
1 / "
yJenifer Schreiber, ity Clerk