City Council Resolution 2019-93CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2019-93
RESOLUTION ADOPTING THE 2020 FINAL 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, 2020; 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 2020 for the following purposes and in the
following amounts:
REVENUE
NET CERTIFIED LEVY
General
$
6,788,000
Community Center
$
417,000
Capital Projects - Future Debt
$
300,013
DEBT SERVICE FUNDS
G.O. Bonds, Series 2011A
$
172,641
G.O. Bonds, Series 2013A
$
-
G.O. Bonds, Series 2014A
$
535,501
G.O. Bonds, Series 2015B
$
198 385
G.O. Bonds, Series 2016A
$
405,039
G.O. Bonds, Series 2017A
$
252,367
G.O. Bonds, Series 2017A - Abatement
$
175,000
G.O. Bonds, Series 2018A
$
167,434
G.O. Bonds, Series 2018A - Abatement
$
305,000
G.O. Bonds, Series 2019A
$
663,620
G.O. Bonds, Series 2019A - Abatement
$
65,000
TOTAL TAX LEVY
$
10,445,000
SECTION II. There is hereby levied $355,000 upon all taxable real property within
the City of Monticello a special benefit tax, collectible in 2020, 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 2020 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 2019
for collection in the year 2020 as follows:
Debt Service Levies
Bond
Resolution
2020
Lev
Levy
Added
Canceled
G.O. Bonds, Series 2011A
172,641
172,641
G.O. Bonds, Series 2013A
75,044
-
75,044
G.O. Bonds, Series 2014A
601,578
535,501
66,077
G.O. Bonds, Series 2015B
198,385
198,385
-
G.O. Bonds, Series 2016A
405,039
405,039
-
G.O. Bonds, Series 2017A
252,367
252,367
-
G.O. Bonds, Series 2017A - Abatement
175,000
175,000
-
G.O. Bonds, Series 2018A
167,434
167,434
-
G.O. Bonds, Series 2018A - Abatement
305,000
305,000
-
G.O. Bonds, Series 2019A
663,620
663,620
-
G.O. Bonds, Series 2019A - Abatement
65,000
65,000
-
Total
$ 3,0819108
$ 2,939,987
1 $ 141,121
SECTION IV. Specific city personnel are instructed to submit the following certifications
to various government agencies by December 28, 2019: City Clerk -- certified copy of this
resolution to the Wright County Auditor -Treasurer; Finance Director -- completed City and HRA
levy Certification of Truth in Taxation Compliance forms to the Minnesota Department of
Revenue; Finance Director -- City and HRA final levy certification forms to the Wright County
Auditor -Treasurer; Finance Director — completed City and HRA Property Tax Levy Report forms
to the Minnesota Department of Revenue.
ADOPTED BY the Monticello City Council this 9th day of December, 2019.
CITY OF MONTICELLO
Tian tumpf, May r
ATTEST:
Jef ' 1, City Administrator
The above resolution was introduced by Councilmember a ar % and was duly seconded by
Councilmember F� fr- - i
The following voting in favor: PA V 1 S0V14-a I r &aloiov q �" j, Stamp
V
The following voted in opposition: No no -
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 9,
2019, and recorded in minutes of said meeting.
Jef(bv,Vill, City Administrator
Notary Public: Y 1l G
Date: 4)ed 0,6°2'7 �, f
(STAM s
�y�„?;VICKI JAN LEERHOFF
` NOTARY PUBLIC
MINNESOTA
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