City Council Resolution 2018-95CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2018-95
RESOLUTION ESTABLISHING THE 2019 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 his estimated needs of the City of Monticello for operations, capital
improvements and debt service for the fiscal year commencing January 1, 2019; 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 2019 for the following purposes and in the
following amounts:
REVENUE
NET CERTIFIED LEVY
General
$
6,67000
Community Center
$
4025000
Capital Projects - Future Debt
$
662,354
DEBT SERVICE FUNDS
G.O. Bonds, Series 2010A
$
-
G.O. Bonds, Series 2011A
$
150,581
G.O. Bonds, Series 2013A
$
-
G.O. Bonds, Series 2014A
$
5375244
G.O. Bonds, Series 2015B
$
2009905
G.O. Bonds, Series 2016A
$
409,134
G.O. Bonds, Series 2017A
$
2549782
G.O. Bonds, Series 2017A - Abatement
$
175,000
G.O. Bonds, Series 2018A
$
2005000
G.O. Bonds, Series 2018A - Abatement
$
300,000
TOTAL TAX LEVY
$
9596200
SECTION II. There is hereby levied $348,000 upon all taxable real property within
the City of Monticello a special benefit tax, collectible in 2019, 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 2019 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 2018
for collection in the year 2019 as follows:
Debt Service Levies
Bond
Resolution
2019
Le
Levy
Added
Canceled
G.O. Bonds, Series 2010A
218,350
-
218,350
G.O. Bonds, Series 2011A
175,581
150,581
25,000
G.O. Bonds, Series 2013A
711056
-
71,056
G.O. Bonds, Series 2014A
604,389
5379244
67,145
G.O. Bonds, Series 2015B
2009905
200 905
-
G.O. Bonds, Series 2016A
409,134
4099134
-
G.O. Bonds, Series 2017A
254,782
254,782
-
G.O. Bonds, Series 2017A - Abatement
175,000
1759000
-
G.O. Bonds, Series 2018A
190,771
20000
99229
G.O. Bonds, Series 2018A - Abatement
2809000
3009000
205000
Total
$ 2,579,968
$ 2,227,646 $
352,322
SECTION IV. Specific City personnel are instructed to submit the following
certifications to various government agencies by December 28, 2018: 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 10th day of December, 2018.
CITY OF MONTICELLO
z�
rian Stumpf, M yor
ATTEST:
ieity Administrator
The above resolution was introduced by Councilmember fli^ I oart and was duly seconded by
Councilmember Fa t r
The following voting in favor: F a i r Gla6ter) H I till -Y t, I �twq
1
The following voted in opposition: �q 0 vie
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
105 2018, and recorded in minutes of said meeting.
Jeff 1, City Administrator
Notary Public:
Date: /a/i
` ' I T'vr,
VICKI JAN LEERHOEF
NOTARY PUBLIC
i=
MINNESOTA
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