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City Council Resolution 2021-107CITY OF MONTICELLO WRIGHT COUNTY, MINNESOTA RESOLUTION NO. 2021-107 RESOLUTION CERTIFYING THE 2022 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 their estimated needs of the City of Monticello for operations, capital improvements 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; 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 2022 for the following purposes and in the following amounts: REVENUE NET CERTIFIED LEVY General $ 7,475,000 Community Center 485,000 Capital Projects 1,081,600 DEBT SERVICE FUNDS G.O. Bonds, Series 2015B 192,650 G. 0. Bonds, Series 2016A 406,929 G. 0. Bonds, Series 2017A 242,367 G. 0. Bonds, Series 2017A - Abatement 185,000 G. 0. Bonds, Series 2018A 131,812 G. 0. Bonds, Series 2018A - Abatement 320,000 G. 0. Bonds, Series 2019A 634,446 G. 0. Bonds, Series 2019A - Abatement 75,000 G. 0. Bonds, Series 2020A 123,196 TOTAL TAX LEVY $ 11,353,000 SECTION II. There is hereby levied $388,000 upon all taxable real property within the City of Monticello a special benefit tax, collectible in 2022, 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 2022 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 2021 for collection in the year 2022 as follows: Debt Service Levies Bond Resolution 2022 Levy Levy Added (Canceled) G.O. Bonds, Series 2011A $ 173,533 $ - $ (173,533) G. 0. Bonds, Series 2014A 606,707 - (606,707) G. 0. Bonds, Series 2015B 197,650 192,650 (5,000) G. 0. Bonds, Series 2016A 406,929 406,929 G. 0. Bonds, Series 2017A 242,367 242,367 G. 0. Bonds, Series 2017A - Abatement 185,000 185,000 G.O. Bonds, Series 2018A 148,812 131,812 (17,000) G. 0. Bonds, Series 2018A - Abatement 320,000 320,000 G.O. Bonds, Series 2019A 664,446 634,446 (30,000) G. 0. Bonds, Series 2019A - Abatement 75,000 75,000 G. 0. Bonds, Series 2020A 123,196 123,196 - Total $ 3,143,640 $ 2,311,400 $ (832,240) SECTION IV. City personnel are instructed to submit the following certifications to various government agencies by December 28, 2021: • Certified copy of this resolution to the Wright County Auditor -Treasurer • City and HRA final levy certification forms to the Wright County Auditor -Treasurer • City and HRA levy Certification of Truth in Taxation Compliance forms to the Minnesota Department of Revenue • City and HRA Property Tax Levy Report forms to the Minnesota Department of Revenue. ADOPTED BYthe Monticello City Council this 13th day of December, 2021. CITY OF MONTICELLO c Lloyd Hilgay , Mayor ATTEST: "2tP'_' Je nifer Schreiber, i y Clerk The above resolution was introduced by Councilmember MWhK and was duly seconded by Councilmember &Xlo[ty' The following voting in favor: NA44ftl., , 6�;'x4pu'v 1 *'V4,rf� Vyu'ii dor-1' The following voted in opposition: Y10 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 13, 2021, and recorded in minutes of said meeting. INV Jen fifer SchreibeO, City Clerk Notary Public: Date: STAiP `'a =ANNi�� NM Commission N 20127153