City Council Resolution 2025-78CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2025-78
RESOLUTION CERTIFYING THE 2026 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 his or her estimated needs of the City of Monticello for operations, capital
improvements and debt service for the fiscal year commencing January 1, 2026; 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 2026 for the following purposes and in the following
amounts:
NET CERTIFIED
REVENUE
LEVY
General
$ 9,435,000
Community Center
552,000
Capital Projects
2,844,489
DEBT SERVICE FUNDS
G.O. Bonds, Series 2015E
193,991
G.O. Bonds, Series 2016A
428,189
G.O. Bonds, Series 2017A
230,832
G.O. Bonds, Series 2017A - Abatement
200,000
G.O. Bonds, Series 2018A
73,602
G.O. Bonds, Series 2018A - Abatement
360,000
G.O. Bonds, Series 2019A
619,143
G.O. Bonds, Series 2019A - Abatement
80,000
G.O. Bonds, Series 2020A
119,754
TOTAL TAX LEVY
$ 15,137,000
SECTION II. There is hereby levied $504,000 upon all taxable real property within the
City of Monticello a special benefit tax, collectible in 2026, 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 2026 for
certain bond issues outstanding of the City of Monticello.
SECTION Ill. 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 2025 for collection in the year 2026 as
follows:
Debt Service Levies
Bond
Resolution
2026
Levy
Levy Added
(Canceled)
G.O. Bonds, Series 2015B
223,991
193,991
(30,000)
G.O. Bonds, Series 2016A
408,189
428,189
20,000
G.O. Bonds, Series 2017A
230,832
230,832
-
G.O. Bonds, Series 2017A - Abatement
200,000
200,000
-
G.O. Bonds, Series 2018A
108,602
73,602
(35,000)
G.O. Bonds, Series 2018A - Abatement
360,000
360,000
G.O. Bonds, Series 2019A
654,143
619,143
(35,000)
G.O. Bonds, Series 2019A - Abatement
80,000
80,000
G.O. Bonds, Series 2020A
129,754
119,754
(10,000)
Total
$ 2,395,511 $
2,305,511
$ (90,000)
SECTION IV. City personnel are instructed to submit the following certifications to
various government agencies by December 29, 2025:
• 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 8tn day of December, 2025.
CITY OF MONTICELLO
Lloyd Hilgart, May r
ATTEST:
AM W ' , 6- -
en ifer Sch ib(r City Clerk
The above resolution was introduced by Councilmember G eir and was duly seconded by
Councilmember tSf'iWASbV`
The following voting in favor:
►Vr � � 1
The following voted in opposition:'
CERTIFICATION
STATE OF MINNESOTA
COUNTY OF WRIGHT
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
81 2025, and recorded in minutes of said meeting.
- 1"kkw�
nifer Sch fiber, ity Clerk
Notary Public:
OWN99" W4"Z'm 01M
VIGKI JAN Lf�*E-Rf-iC)FF
NOTARY PUBLIC
` MINNESOTA
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