RES 19-48CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2019-48
ADOPTING A PRELIMINARY PROPERTY TAX LEVY
FOR TAXES PAYABLE IN 2020
WHEREAS, the Otsego City Council is required by State Statute to establish a preliminary tax levy for taxes
payable in 2020 by September 30, 2019 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 2020; and
WHEREAS, the Otsego City Council has considered projected revenues for funds using property tax
proceeds in 2020; and
WHEREAS, revenues fi-om 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,
MINNESOTA:
1. That the following amounts are the maximum to be levied as property taxes payable in 2020 for the
following purposes:
General Revenue
$6,391,000
Tax Abatement
56,491
GO Improvement Bonds, 2010B
460,000
GO Improvement Bonds, 201 OD
122,147
GO Improvement Bonds, 201 IA
72,853
GO Improvement Bonds, 2018A
91,758
Total Tax Levy 7 194 249
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ADOPTED by the Otsego City Council this 9th day of September, 2019.
MOTION made by Council Member Goede
Tanner
ATTEST:
CITY OF OTSEGO
Jessica Stockamp, ayor
Tami'lUff, City Clerk
and SECONDED by Council Member
INFAVOR: Stockamp, Goede, Tanner, Darkenwald, Warehime
OPPOSED: None
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