City Council Resolution 2024-126CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2024-126
RESOLUTION CERTIFYING THE 2025 FINAL PROPERTY TAX LEVIES 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, 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;
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 2025 for the following purposes and in the following
amounts:
NET CERTIFIED
REVENUE
LEVY
General
$ 8,985,000
Community Center
535,000
Capital Projects
2,400,807
DEBT SERVICE FUNDS
G.O. Bonds, Series 2015B
160,879
G.O. Bonds, Series 2016A
433,189
G.O. Bonds, Series 2017A
208,942
G.O. Bonds, Series 2017A - Abatement
195,000
G.O. Bonds, Series 2018A
69,127
G.O. Bonds, Series 2018A - Abatement
350,000
G.O. Bonds, Series 2019A
600,836
G.O. Bonds, Series 2019A - Abatement
80,000
G.O. Bonds, Series 2020A
98,220
TOTAL TAX LEVY
$ 14,117,000
SECTION II. There is hereby levied $499,000 upon all taxable real property within the
City of Monticello a special benefit tax, collectible in 2025, 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 2025 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 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:
Bond
2025
Levy Added
Debt Service Levies
Resolution
Levy
(Canceled)
G.O. Bonds, Series 2015B
200,879
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.O. 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)
SECTION IV. City personnel are instructed to submit the following certifications to
various government agencies by December 30, 2024:
• 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 9t" day of December, 2024.
CITY OF MONTICELLO
Lloyd Hilgart, Mayor
ATTEST:
1
CJ nnifer chre' er, City Clerk
The above resolution was introduced by Councilmember MVArJ04- and was duly seconded by
Councilmember AARrtiiC,
The following voting in favor: k6ley-, 41 �G�G\ 1��, �+Il nz I V}UK'+,!�-j (NI,(,t rck)(�c
The following voted in opposition: WA(f'
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
9, 2024, and recorded in minutes of said meeting.
6enifer Sgrei r, City Clerk
Notary Public:.
Date:
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•{}IE STq KANDIS RENEE ROUSSELOW
Notary Public
�o ova Minnesota
858kJY My Commi,sion Expires Jan. 31, 2029
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