City Council Resolution 2022-103CITY OF MONTICELLO
RESOLUTION NO 2022-103
RESOLUTION ADOPTING THE 2023 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, 2023; 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, 2023, 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 due to excess funds on hand in the
debt service funds heretofore made to be levied in the year 2022 for collection in the year
2023 as follows:
Debt Service Levies
PRELIMINARY
TAX LEVY
REVENUE
Levy Added
(Canceled)
General Fund
$ 8,060,000
Community Center
515,000
OTHER FUNDS
407,559
Debt Service
1,999,581
Capital Projects
1,475,419
TOTAL TAX LEVY
$ 12,050,000
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 due to excess funds on hand in the
debt service funds heretofore made to be levied in the year 2022 for collection in the year
2023 as follows:
Debt Service Levies
Bond
Resolution
2022
Levy
Levy Added
(Canceled)
G.O. Bonds, Series 2015B
199,435
164,435
(35,000)
IG.O. Bonds, Series 2016A
407,559
282,559 1
(125,000)1
G.O. Bonds, Series 2017A
239,532
114,532
(125,000i1
G.O. Bonds, Series 2017A -Abatement
185,000
185,000
G.O. Bonds, Series 2018A
139,232
114,232
(25,000)
G.O. Bonds, Series 2018A - Abatement
330,000
330,000
G.O. Bonds, Series 2019A
658,133
622,133
(36,000)
G.O. Bonds, Series 2019A -Abatement
75,000
75,000 1
-
1G.0. Bonds, Series 2020A 1
126,690 I
111,690 1
(15,000)1
1Total 1
$ 2,360,581 1 $
1,999,581 1
$ (361,000)
The above resolution was introduced by Councilmember Gabler was duly seconded
by Councilmember Fair , with the following voting in favor thereof: 5
The following voting in opposition:
The Finance Director is hereby instructed to transmit a certified copy of this resolution to the
County Auditor of Wright County, Minnesota.
ADOPTED BYthe Monticello City Council this 26th day of September 2022.
CITY OF MONTICELLO
Lloy gar , Mayor
&XIII111:6119
J nnifer h r, City Clerk