City Council Resolution 2015-90CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2015-090
RESOLUTION ESTABLISHING THE 2016 PROPERTY TAX LEVY 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 estimated needs of the City of Monticello for operations, capital improvements
and debt service for the fiscal year commencing January 1, 2016; 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 2016 for the following purposes and in the following
amounts:
REVENUE
NET CERTIFIED LEVY
General
$
6,177,000
Community Center
$
364,000
Capital Projects
$
300,000
DEBT SERVICE FUNDS
G.O. Bonds, Series 2007A
$
420,000
G.O. Bonds, Series 2008B
$
500,000
G.O. Bonds, Series 2010A
$
40,000
G.O. Bonds, Series 2011A
$
330,000
G.O. Bonds, Series 2013A
$
-
G.O. Bonds, Series 2014A
$
544,000
G.O. Bonds, Series 2015B
$
250,000
TOTAL TAX LEVY
%
8,925,000
SECTION II. There is hereby levied $280,000 upon all taxable real property within
the City of Monticello a special benefit tax, collectible in 2016, 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 2016 for
certain bond issues outstanding of the City of Monticello.
SECTION III. The Treasurer - Auditor 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 2015 for
collection in the year 2016 as follows:
Debt Seryme LeN es
Bond
Rasch t n
2016
L=
Levy
I Added Cane
G.Q. Bonds Series 2007A
$ 300,506
$ 420 000
$ 119,494
G.O. Bonds Series 2008B
1,048,602
500 000
(548,602)
G.O. Bonds Series 2010A
220,332
40,000
(180,332)
G.O. Bonds, Series 2011A
175,522
330,000
154,478
G.O. Bonds Series 2013A
69,048
-
(09,048)
G.O. Bonds Series 2014A
609 915
$544,000
65 915
G.O. Bonds Series 2015B
199,980
250,000
50 020
Total f
$ 2,623,905
$ 2,084,000
$ (539,905)
SECTION IV. The City Clerk is hereby instructed to transmit a certified copy of this
resolution to the Treasurer - Auditor of Wright County, Minnesota.
ADOPTED BYthe Monticello City Council this 10 day of December, 2015.
CITY OF MONTICELLO
Brian Stumpf, Mayor
ATTEST:
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3e ' ' , City Administrator
The above resolution was introduced by Councilmember Hilg4q_ — and was duly seconded by
Councilmember A
The following voting in favor: Gabler, Hilgart, and Stumpf
The following voted in opposition: Perrault and Posusta
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 14,
2015, and recorded in minutes of said meeting.
wvr-�
fifer chreiber, City Clerk
Notary Public:
Date:
,.. TA
VICKI JAN LEERHOFF
NOTARY PUBW
MINNESOTA
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