City Council Resolution 2016-92CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2016-092
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 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, 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;
NOW THEREFORE, BE IT RESOL VED by the City Council of the City of Monticello as
follows:
SECTION 1. There is hereby levied upon all taxable property in the City of
Monticello a direct ad valorem tax collectible in 2017 for the following purposes and in the
following amounts:
REVENUE
NETCERTIFIED
LE!'Y
General
$
6,291,000
Community Center
$
37200
Capital Projects - Future Debt
$
50,000
DEBT SERVICE FUNDS
G.O. Bonds, Series 2007A
$
610,000
G.O. Bonds, Series 2008B
$
500,000
G.O. Bonds, Series 2010A
$
4000
G.O. Bonds, Series 201 lA
$
139,783
G.O. Bonds, Series 2013A
$
-
G.O. Bonds, Series 2014A
$
536,929
G.O. Bonds, Series 2015B
$
195,288
G.O. Bonds, Series 2016A
$
415,000
TOTAL TAX LEVY
$
9.150.000
SECTION II. There is hereby levied $280,000 upon all taxable real property within
the City of Monticello a special benefit tax, collectible in 2017, 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 2017 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 heretofore made to be levied in 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
$ 610,000
$ 310,544
G.O. Bonds, Series 2008B
1,049,265
500,000
549,265
G.O. Bonds, Series 2010A
215,135
40,000
175,135
G.O. Bonds, Series 2011A
186,990
139,783
(47,207
G.O. Bonds, Series 2013A
68,513
-
68,513
G.O. Bonds, Series 2014A
60502
536,929
68,733
G.O. Bonds, Series 2015B
195,288
195,288
-
G.O. Bonds, Series 2016A
415,000
415,000
Total
$ 2,620,309
$ 2,437,000
$ 183,309
SECTION IV. The City Clerk is hereby instructed to transmit a certified copy of this
resolution to the Auditor - Treasurer of Wright County, Minnesota.
ADOPTED BY the Monticello City Council this 12th day of December, 2016.
CITY OF MONTICELLO
Brian Stumpf, May -
ATTEST:
Jeff O'Neil , City Administrator
The above resolution was introduced by Councilmember HI Q,t'f'-- and was duly seconded by
Councilmembe
The following voting in favor: all er, 41 r+ , � )Lt S-f k7
The following voted in opposition: Perrau.,4—
CERTIFICATIO
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
12, 2016, and recorded in minutes of said meeting.
- !�� C-5'111e�
Jef eill, City Administrator
4
Notary Public: Z�27�
Date: AU-M/'W '
VICKI JAN LEERHOFF
�= NOTARY PUBLIC
-
MINNESOTA
My Commission Expires 01/31/2021