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City Council Resolution 2021-71CITY OF MONTICELLO RESOLUTION NO 2021-71 RESOLUTION ADOPTING THE 2022 PRELIMINARY 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 her estimated needs of the City of Monticello for operations and debt service for the fiscal year commencing January 1, 2022; 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, 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, 2022, 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 2021 for collection in the year 2022 as follows: Debt Service Levies PRELIMINARY TAX LEVY REVENUE Levy Added (Canceled) General Fund $ 7,475,000 Community Center 485,000 OTHER FUNDS 606,707 Debt Service 2,311,400 Capital Projects - Future Debt 1,081,600 TOTAL TAX LEVY $ 11,353,000 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 2021 for collection in the year 2022 as follows: Debt Service Levies Bond Resolution 2021 Levy Levy Added (Canceled) G.O. Bonds, Series 2011A $ 173,533 $ - $ (173,533) G.O. Bonds, Series 2014A 606,707 - (606,707) G.O. Bonds, Series 2015B 197,650 192,650 (5,000) G.O. Bonds, Series 2016A 406,929 406,929 G.O. Bonds, Series 2017A 242,367 242,367 G.O. Bonds, Series 2017A - Abatement 185,000 185,000 G.O. Bonds, Series 2018A 148,812 131,812 (17,000) G.O. Bonds, Series 2018A - Abatement 320,000 320,000 G.O. Bonds, Series 2019A 664,446 634,446 (30,000) G.O. Bonds, Series 2019A - Abatement 75,000 75,000 G.O. Bonds, Series 2020A 123,196 123,196 - Tota I $ 3,143, 640 $ 2,311,400 $ (832, 240) The above resolution was introduced by Councilmember Davidson , was duly seconded by Councilmember Murdoff , with the following voting in favor thereof: Davidson, Gabler, Hudgins, Murdoff The following voting in opposition: None (Mayor Hilgart absent) The Finance Director 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 27th day of September, 2021. CITY F ONTICELLO ar ro rto d A ler, Acing Mayor ATTEST: V -&"r ` 1 / " yJenifer Schreiber, ity Clerk