City Council Resolution 2017-62CITY OF MONTICIEILILO
RESOLUTION NO 2017-62
ADOPTING THE 2018 PRELIMINARY TAX LEVY RESOLUTION ESTABLISHING
G
THE 2018 PROPERTY TAX LEVY AND AUTHORIIZING CANCELLATION OF
CIERTAIN DEFERRED TAX LEVIES
WHEREAS, the Finance D irector has prepared and submiteed 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, 2018; 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
NO W. THEREFORE, RE IT RESOL VED R }Y THE COUNCIL OF THE CITY OF
MONTICELLO that there be and hereby is a preliminary levy for the fiscal year commencing
January 1, 2018, and the following sums for the respective purposes indicated therein upon the
taxable property of the City of Monticello, to wit:
RE 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
Aulotated, to cancel or otherwise amend the levies for said indebtedness heretofore made to be
levied for the year 2017 for collection in the year 2018 as follows:
PRELIMINARY
Leve
TAX LEVY
REV EN U E
Added
Debt 1.iervice Levies
General Fund
$
6,61700
Community Center
$
382,000
OTHER FUNDS
G.O. Bonds, Series 2011A
173,061
Debt Service
$
1,787,000
Capital Projects - Future Debt
$
76100
(TOTAL TAX LEVY
605,597
9,547,000
RE 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
Aulotated, to cancel or otherwise amend the levies for said indebtedness heretofore made to be
levied for the year 2017 for collection in the year 2018 as follows:
Leve
Bond
2018
Added
Debt 1.iervice Levies
Resolution
Levy
ali et' Fij
G.O. Bonds, Series 2010A
214,465
40,000
(174,465)
G.O. Bonds, Series 2011A
173,061
148,061
(25,000)
G.O. Bonds, Series 2013A
72,148
-
(72,148)
1G.0. Bonds, Series 2014A
605,597
537,586
(68,011)
1G.0. Bonds, Series 2015B
203,425 !
203,425
-
G.O. Bonds, Series 2016A
407,769
407,769
-
G.O. Bonds, Series 2017A
-
285,159
285,159
G.O. Bonds, Series 2017A - Abatement
-
165,000
165,000
Total
1 $ 1,676,465 $
1,787,000 $
110,535
The above resolution was introduced by Councilmember Hilgart , was duly seconded
by Councilmember Fair , with the following voting in favor thereof: Davidson, Fair, and
Hilgart.
The following voting in opposition: Gabler and Stumpf.
The City Administrator is hereby instructed to transmit a certified copy of this resolution to the
County Auditor of Wright County, Minnesota.
ADOPTED BY the Monticello City Council this 11th day of September, 2017.
CITY OF MONTICELLO
4���
Brian Stumpf, May
ATTEST:
0-
Jeff
O' i , ity Administrator