City Council Resolution 2016-63CITY OF MONTICELLO
RESOLUTION NO 2016 -063
ADOPTING THE 2017 PRELIMINARY TAX LEVY RESOLUTION ESTABLISHING
THE 2017 PROPERTY TAX LEVY AND AUTHORIZING CANCELLATION OF
CERTAIN DEFERRED TAX LEVIES
WHEREAS, the Finance Director has prepared and submitted to the City Council a preliminary
budget setting forth therein his estimated needs of the City of Monticello for all operations and
the debt service for the fiscal year commencing January 1, 2017; 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 RESOL VED B Y THE CO UNCIL OF THE CITY OF
MONTICELLO that there be and hereby is a preliminary levy for the fiscal year commencing
January 1, 2017, and the following sums for the respective purposes indicated therein upon the
taxable property of the City of Monticello, to wit:
BE IT FURTHER RESOL VED, that 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 for the year 2016 for collection in the year 2017 as follows:
Debt Service Levies
Bond
Resolution
PRELIMINARY
TAX LEVY
REVENUE
G.O. Bonds, Series 2007A
$ 299,456
General Fund
$
6,2911000
Community Center
$
372,000
OTHER FUNDS
2155135
4000
Debt Service
$
2,437,000
Capital Projects - Future Debt
$
5000
TOTAL TAX LEVY
-$
9,150,000
BE IT FURTHER RESOL VED, that 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 for the year 2016 for collection in the year 2017 as follows:
Debt Service Levies
Bond
Resolution
2017
Levy
Levy
Added (Canceled)
G.O. Bonds, Series 2007A
$ 299,456
$ 6105000
$ 310,544
G.O. Bonds, Series 2008B
1,049,265
50000
549,265
G.O. Bonds, Series 2010A
2155135
4000
175,135
G.O. Bonds, Series 2011A
1865990
139,783
47,207
G.O. Bonds, Series 2013A
68,513
-
68,513
G.O. Bonds, Series 2014A
6055662
5361929
68,733
G.O. Bonds, Series 2015B
1955288
195,288
-
G.O. Bonds, Series 2016A 1
1
415,000
41500
Total
$ 2,620,309 1
$ 2,437,000
$ 183,309
The above resolution was introduced by Councilmember , was duly seconded
by Councilmember , with the following voting in favor thereof:
The following voting in opposition:
The City Administrator 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 12th day of September, 2016.
CITY OF MONTICELLO
G
Brian Stumpf, Mayo
ATTEST:
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JeffgMfl, City Administrator