City Council Resolution 2026-92 (2027 Prelim tax levy & cancelation of deff tax levy)CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2026-92
RESOLUTION ADOPTING THE 2027 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, 2027; 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, 2027, 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
$10,159,000
Community Center
$600,000
Tax Abatement
$28,000
Lease Purchase
$2,794,403
Debt Service
$1,688,597
Capital Projects
$750,000
TOTAL TAX LEVY
$16,020,000
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 2026 for collection in the year
2027 as follows:
Debt Service Levies
Bond
Resolution
2027 Levy
Levy Added
(Canceled)
G.O. Bonds, Series 2015B
$219,135
$0
($219,135)
G.O. Bonds, Series 2016A
70,718
0
(70,718)
G.O. Bonds, Series 2017A
225,307
225,307
G.O. Bonds, Series 2017A - Abatement
205,000
205,000
G.O. Bonds, Series 2018A
97,762
67,762
(30,000)
G.O. Bonds, Series 2018A - Abatement
370,000
370,000
-
G.O. Bonds, Series 2019A
6571489
622,489
(35,000)
G.O. Bonds, Series 2019A - Abatement
80,000
80,000
G.O. Bonds, Series 2020A
133,039
118,039
(15,000)
TOTAL
$2,058,450
$1,688,597
($369,853)
The above resolution was introduced by Councilmember ma i -(' , was duly seconded
by Councilmember C�WjG!h n.�^ with the following voting in favor thereof: �2 .
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 28th day of September 2026.
CITY OF MONTICELLO
Lloyd Hilgart, ayor
ATTEST:
�- \)A L � 1AAAi, A-j
J nnif r Schreib , Cit Jerk IN
HEREBY CERTIFY that the above is a true and correct copy of a resolution presented to
and adopted by the Municipality of Monticello, County of Wright, State of Minnesota, at
a duly authorized Municipal Council Meeting held in the Municipality of Monticello,
Minnesota on the 281" day of September, 2026, as disclosed by the records of said
Municipality on file and of record in the office.
Municipality of Monticello
JAI OlAt- ; 1A
F 11 1 %NLL./V UM60
Jen ifer Sc eib UrIty Clerk