City Council Resolution 2018-79CITY OF MONTICELLO
RESOLUTION NO 2018-79
ADOPTING THE 2019 PRELIMINARY TAX LEVY RESOLUTION ESTABLISHING
THE 2019 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, 2019; 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, 2019, and the following sums for the respective purposes indicated therein upon the
taxable property of the City of Monticello, to wit:
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 heretofore made to be
levied in the year 2018 for collection in the year 2019 as follows:
Debt Service Levies
Bond
Resolution
PRELIMINARY
TAX LEVY
REVENUE
G.O. Bonds, Series 2010A
218,350
General Fund
$
6,696,000
Community Center
$
402,000
OTHER FUNDS
71,056
-
Debt Service
$
2,227,646
Capital Projects - Future Debt
$
636,354
TOTAL TAX LEVY
$
9,962,000
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 heretofore made to be
levied in the year 2018 for collection in the year 2019 as follows:
Debt Service Levies
Bond
Resolution
2019
Lev
Added
Canceled
G.O. Bonds, Series 2010A
218,350
-
218,350
G.O. Bonds, Series 2011A
175,581
150,581
25,000
G.O. Bonds, Series 2013A
71,056
-
(71,056)
G.O. Bonds, Series 2014A
604,389
537,244
67,145
G.O. Bonds, Series 2015B
200,905
200,905
-
G.O. Bonds, Series 2016A
409,134
409,134
-
G.O. Bonds, Series 2017A
254,782
254,782
-
G.O. Bonds, Series 2017A - Abatement
175,000
175,000
-
G.O. Bonds, Series 2018A
-
200,000
200,000
G.O. Bonds, Series 2018A - Abatement
-
300,000
300,000
Total
$ 2,109,197
$ 2,227,646
$ 118,449
The above resolution was introduced by Councilmember Q I fir- , was duly seconded
by Councilmember (tea b l e r , with the following voting in favor thereof. 5 .
The following voting in opposition: O .
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 10th day of September, 2018.
CITY OF MONTICELLO
Brian Stumpf, M yor
ATTEST:
Jeff O'XWCity Administrator