City Council Resolution 2021-107CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2021-107
RESOLUTION CERTIFYING THE 2022 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 their estimated needs of the City of Monticello for operations,
capital improvements 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;
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 2022 for the following purposes and in the following
amounts:
REVENUE
NET CERTIFIED
LEVY
General
$ 7,475,000
Community Center
485,000
Capital Projects
1,081,600
DEBT SERVICE FUNDS
G.O. Bonds, Series 2015B
192,650
G. 0. Bonds, Series 2016A
406,929
G. 0. Bonds, Series 2017A
242,367
G. 0. Bonds, Series 2017A - Abatement
185,000
G. 0. Bonds, Series 2018A
131,812
G. 0. Bonds, Series 2018A - Abatement
320,000
G. 0. Bonds, Series 2019A
634,446
G. 0. Bonds, Series 2019A - Abatement
75,000
G. 0. Bonds, Series 2020A
123,196
TOTAL TAX LEVY
$ 11,353,000
SECTION II. There is hereby levied $388,000 upon all taxable real property within the
City of Monticello a special benefit tax, collectible in 2022, 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 2022 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 2021
for collection in the year 2022 as follows:
Debt Service Levies
Bond
Resolution
2022
Levy
Levy Added
(Canceled)
G.O. Bonds, Series 2011A
$ 173,533 $
-
$ (173,533)
G. 0. Bonds, Series 2014A
606,707
-
(606,707)
G. 0. Bonds, Series 2015B
197,650
192,650
(5,000)
G. 0. Bonds, Series 2016A
406,929
406,929
G. 0. Bonds, Series 2017A
242,367
242,367
G. 0. Bonds, Series 2017A - Abatement
185,000
185,000
G.O. Bonds, Series 2018A
148,812
131,812
(17,000)
G. 0. Bonds, Series 2018A - Abatement
320,000
320,000
G.O. Bonds, Series 2019A
664,446
634,446
(30,000)
G. 0. Bonds, Series 2019A - Abatement
75,000
75,000
G. 0. Bonds, Series 2020A
123,196
123,196
-
Total
$ 3,143,640 $
2,311,400
$ (832,240)
SECTION IV. City personnel are instructed to submit the following certifications to
various government agencies by December 28, 2021:
• 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 BYthe Monticello City Council this 13th day of December, 2021.
CITY OF MONTICELLO
c
Lloyd Hilgay , Mayor
ATTEST:
"2tP'_'
Je nifer Schreiber, i y Clerk
The above resolution was introduced by Councilmember MWhK and was duly seconded
by Councilmember &Xlo[ty'
The following voting in favor: NA44ftl., , 6�;'x4pu'v 1 *'V4,rf� Vyu'ii dor-1'
The following voted in opposition: Y10
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
13, 2021, and recorded in minutes of said meeting.
INV
Jen fifer SchreibeO, City Clerk
Notary Public:
Date:
STAiP `'a =ANNi�� NM
Commission N 20127153