RES 18-59CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF M NNESOTA
RESOLUTION NO: 2018-59
ADOPTING A PRELEWNARY PROPERTY TAX LEVY
FOR TAXES PAYABLE IN 2019
WHEREAS, the Otsego City Council is required by State Statute to establish a preliminary tax levy for taxes
payable in 2019 by September 30, 2018 and certify the preliminary tax levy to the Wright County Auditor;
and
WHEREAS, the Otsego City Council has reviewed the City's anticipated expenditures for funds using
property tax proceeds in 2019; and
WHEREAS, the Otsego City Council has considered projected revenues for funds using property tax
proceeds in 2019; and
WHEREAS, revenues from sources other than property taxes are not sufficient to meet the anticipated
expenditures of said funds; and
WHEREAS, the debt levies have been adjusted or cancelled based on revenue collections and projections.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO,
1VHNNESOTA:
1. That the following amounts are the maximum to be levied as property taxes payable in 2019 for the
following purposes:
General Revenue
$5,946,000
Tan Abatement
60,816
GO Improvement Bonds, 2010B
450,000
GO Improvement Bonds, 201 OD
106,147
GO Improvement Bonds, 201 IA
98,853
GO Improvement Bonds, 2018A
79,293
Total Tax Levy 6 741 109
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ADOPTED by the Otsego City Council this 10th day of September, 2018.
MOTION made by Council Member Heidner
Warehime
IN FAVOR:
OPPOSED:
ATTEST:
CITY OF OTSEGO
*� 0 V 0,
Jessica Stockamp, Major
1 411,C)P �-
Tami Lof ity Clerk
and SECONDED by Council Member
Stockamp, Heidner, Warehime, Tanner
None
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