City Council Resolution 2024-92CITY OF MONTICELLO
RESOLUTION NO 2024-92
RESOLUTION ADOPTING THE 2025 PRELIMINARY TAX LEVY AND AUTHORIZING
CANCELLATION OF CERTAIN DEFERRED TAX LEVIES
WHEREAS, the City Administrator and Finance Director have prepared and submitted to the
City Council a preliminary budget setting forth therein their estimated needs of the City of
Monticello for operations and debt service for the fiscal year commencing January 1, 2025; 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, 2025, 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
$8,985,000
Community Center
$535,000
OTHER FUNDS
Debt Service
$2,196,193
Capital Projects
$2,400,807
TOTAL TAX LEVY
$14,117,000
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, due to excess funds on hand in the
debt service funds, heretofore made to be levied in the year 2024 for collection in the year
2025 as follows:
Debt Service Levies
G.O. Bonds, Series 2015E
Bond
Resolution
$200,879
2025 Levy
Levy Added
(Canceled)
$160,879
($40,000)
G.O.
Bonds, Series 2016A
$408,189
$433,189
$25,000
G.O.
Bonds, Series 2017A
$233,942
$208,942
($25,000)
G.O.
Bonds, Series 2017A - Abatement
$195,000
$195,000
G.O.
Bonds, Series 2018A
$119,127
$69,127
($50,000)
G.O.
Bonds, Series 2018A - Abatement
$350,000
$350,000
G.C.
Bonds, Series 2019A
$655,836
$600,836
($55,000)
G.O.
Bonds, Series 2019A - Abatement
$80,000
$80,000
G.O.
Bonds, Series 2020A
$128,220
$98,220
($30,000)
TOTAL
$2,371,193
$2,196,193
($175,000)
The above resolution was introduced by Councilmember Gabler , was duly seconded
by Councilmember Martie , with the following voting in favor thereof: 5
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 23rd day of September 2024.
CITY OF MONTICELLO
Llo ilgart, ayor
ATTEST:
n WN
Cien ifer+Sceier City Clerk