City Council Resolution 2023-84CITY OF MONTICELLO
RESOLUTION NO 2023-84
RESOLUTION ADOPTING THE 2024 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, 2024; 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, 2024, and the
following sums for the respective purposes indicated therein upon the taxable property of the
City of Monticello, to wit:
PRELIMINARY TAX LEVY
REVENUE
General Fund
$8,745,000
Community Center
$525,000
OTHER FUNDS
Debt Service
$2,026,175
Capital Projects
$1,837,825
TOTAL TAX LEVY
$13,134,000
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 2023 for collection in the year 2024 as follows:
Bond
Levy Added
Debt Service Levies
Resolution
2024 Levy
(Canceled)
G.O. Bonds, Series 2015B
$200,223
$165,223
($35,000)
G.O. Bonds, Series 2016A
$407,979
$357,979
($50,000)
G.O. Bonds, Series 2017A
$236,842
$136,842
(100,000)
G.O. Bonds, Series 2017A - Abatement
$190,000
$190,000
-
G.O. Bonds, Series 2018A
$129,337
$99,337
($30,000)
G.O. Bonds, Series 2018A - Abatement
$340,000
$340,000
-
G.O. Bonds, Series 2019A
$656,965
$636,964
($20,001)
G.O. Bonds, Series 2019A - Abatement
$75,000
$75,000
- I
G.O. Bonds, Series 2020A
$124,830
$24,830
($100,000)
TOTAL
$2,361,176
$2,026,175
($335,001)
The above resolution was introduced by Councilmember Murdoff , was duly seconded
by Councilmember Martie , with the following voting in favor thereof: - r..
The following voting in opposition: 0
The Finance Director 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 25th day of September 2023.
CITY OF MONTICELLO
Lloyd Hilgar , p ayor
ATTEST:
OVAI
()JeNiferS reib , City Clerk