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City Council Resolution 1985-16RESOLUTION 1985 #16 RESOLUTION ADOPTING 1986 BUDGET AND SETTING THE TAX LEVY WHEREAS, the City Administrator has prepared and submitted to the City Council a 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, 1986, and; WHEREAS, the City Council has reviewed the same, and has made such changes therein as appeared to be in the best interest of the City of Monticello; NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF MONTICELLO, that the budget so submitted by the City Administrator, together with the changes made therein by the City Council be, and the same hereby is, adopted as a budget for the fiscal year commencing January 1, 1986, and; BE IT FURTHER RESOLVED, by the Council of the City of Monticello, that there be, and hereby is, levied for the fiscal year commencing on January 1, 1986, the following sums for the respective purposes indicated therein, upon the taxable property of the City of Monticello to wit: REVENUE General ................................. $ 555,000.00 Contingency ............................. 40,000.00 Library ................................. 22,950.00 Shade Tree .............................. 18,750.00 OAA .................... ................ 39,300.00 HRA ..................................... 10,000.00 DEBT RETIREMENT Debt Service Fund ....................... 641,100.00 ENTERPRISE Water Fund .............................. 5,650.00 CAPITAL IMPROVEMENTS Capital Improvement Revolving..,,,,,,,,, 148,750.00 Sewer Interceptor Construction.......... 68,250.00 TOTAL TAX LEVY .......................... $1,577,250.00 Resolution 1985 #16 Page Two The above Resolution was introduced by Councilmember Fran Fair was duly seconded by Councilmember Blonigen , with the following voting in favor thereof: Arve Grimsmo, Fran Fair, Bill Fair, Dan Blonigen and Jack Maxwell. The following voting in the opposition: None The City Administrator is hereby instructed to transmit a certified copy of this Resolution to the County Auditor of Wright County, Minnesota. Dated: 15 October, 1985 City of Monticello ~~~ Arve A. Grimsmo, Mayor ATTEST: Thomas A. Eidem City Administrator