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ORD 07-14CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA ORDINANCE NO. 2007-14 AMENDING ORDINANCE NO. 2007-09 ANNEXING UNINCORPORATED LAND ABUTTING THE EXISTING CITY LIMITS OF THE CITY OF OTSEGO, WRIGHT COUNTY, MINNESOTA PURSUANT TO MINNESOTA STATUTES 414.033, SUBDIVISION 2 (3) PERMITTING ANNEXATION BY ORDINANCE THE CITY COUNCIL OF THE CITY OF OTSEGO ORDAINS AS FOLLOWS: WHEREAS, the City of Otsego on the 27a' day of August, 2007, after a duly noticed public hearing, adopted Otsego Ordinance No. 2007-09 that extended the corporate limits of the City of Otsego; and WHEREAS, the adopted ordinance was submitted to the Minnesota Department of Administration, Municipal Boundary Adjustments for review and approval; and WHEREAS, Municipal Boundary Adjustments has requested that Section 3 of the submitted ordinance be amended to set forth a payment formula with "substantially equal payments". NOW THEREFORE, the Otsego City Council hereby ordains as follows: Section 1. Section 3 of adopted Otsego Ordinance No. 2007-09 is hereby deleted and amended to read as follows: In compliance with Minnesota Statutes 414.036, property taxes payable on the property described in attached Exhibit A shall be apportioned and paid to Monticello Township in accordance with this section. Property taxes payable on the annexed area shall be payable to the Township for the year in which the annexation becomes effective. Thereafter, property taxes shall be paid to the City but the City shall make a cash payment to the Township yearly for a five (5) year period after the year of annexation (2007) in equal payments. Each yearly payment shall be 50% of the property taxes paid in the year the land was annexed. There are no special assessments or debt incurred by the Township attributable to the annexed property outstanding and subject to reimbursement by the City. Section 2. The City Clerk is hereby directed to file a certified copy of this Ordinance amending Ordinance 2007-09 with the Minnesota Department of Administration, Boundary Adjustment Division, Secretary of State, Monticello Town Clerk, and the Wright County Auditor. ADOPTED this 8th day of October, 2007. IN FAVOR: Mayor Fournier; Councilmembers: Heidner, Stockamp, Thorsted and Darkenwald. OPPOSED: None. d Hudon, City Clerk Published: Star News 10-17-07 2 CITY OF OTSEGO L rry Fournier, Mayor