City Council Resolution 2017-86Ex"IVAA
WIN'T . I
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, 2018; 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 2018 for the following purposes and in the
following amounts:
R IF VEN U F
NTT CERTIFIED LFVY
General
$
6,590,000
Community Center
$
387,000
Capital Projects - Future Debt
$
783,000
iwwr s FRVI CE F1 :"NDS
G.O. Bonds, Series 2010A
$
40,000
G. 0. Bonds, Series 2011A
$
148,061
G.O. Bonds, Series 2013A
$
-
1G.O. Bonds, Series 2014A
$
537,586
1G.0. Bonds, Series 2015B
$
203,425
1G.0. Bonds, Series 2016A
$
407,769
G.O. Bonds, Series 2017A
$
285,159
G.O. Bonds, Series 2017A - Abatement
$
165,000
jT0TAL'r.-kx i,FvN
9,547,00()
SECTION I® There is hereby levied $323,000 upon all taxable real property within
the City of Monticello a special benefit tax, collectible in 2018, 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 2018 for
certain bond issues outstanding of the City of Monticello.
SECTION IV. 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 2017
for collection in the year 2018 as follows:
SECTION V. Specific City personnel are instructed to submit the following certifications
to various government agencies by December 28, 2017: 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.
ADOPTED BY the Monticello City Council this 11th day of December, 2017.
Brian Stumpf, Mayor
W,
Jeff .44®r, city Administrator
Bond
Debt Service. Levies
Resolution
G.O. Bonds, Series 2010A
214,465
G.O. Bonds, Series 2011A
173,061
1G.0. Bonds, Series 2013A
72,148
1G.0. Bonds, Series 2014A
605,597
G.O. Bonds, Series 2015B
203,425
1G.O. Bonds, Series 2016A
407,769
1G.0. Bonds, Series 2017A
I G.O. Bonds, Series 2017A - Abatement
285,159
ITotal
1 $ 1,676,465
SECTION V. Specific City personnel are instructed to submit the following certifications
to various government agencies by December 28, 2017: 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.
ADOPTED BY the Monticello City Council this 11th day of December, 2017.
Brian Stumpf, Mayor
W,
Jeff .44®r, city Administrator
Levy
2018
Added
Levi'
(Canceled)
40,000
(174,465)
148,061
(25,000)1
-
I (72,148) 1
537,586
(68,011)1
203,425
407,769
285,159
285,159
165,000
165,000
$ 1,787,000
$ 110,535
SECTION V. Specific City personnel are instructed to submit the following certifications
to various government agencies by December 28, 2017: 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.
ADOPTED BY the Monticello City Council this 11th day of December, 2017.
Brian Stumpf, Mayor
W,
Jeff .44®r, city Administrator
The above resolution was introduced by Councilmember Hilgart and was duly seconded by
Councilmember Gabler.
The following voting in favor: Davidson, Fair, Gabler, Hilgart, and Stumpf
The following voted in opposition: None
14110golm, I
ARIVIN SAO) M3,33 H EQUI I I
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
11, 2017, and recorded in minutes of said meeting.
Jennifer Schieibcj)City Clerk
NotaryPublic-.
P/
Date: vy/11) A
UV IG K' JAN LEERHOFF
NOTMY PU13UC
M E,
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