RES 20-61CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2020-61
ADOPTING A PRELIMINARY PROPERTY TAX LEVY
FOR TAXES PAYABLE IN 2021
WHEREAS, the Otsego City Council is required by State Statute to establish a preliminary tax levy for taxes
payable in 2021 by September 30, 2020 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 2021; and
WHEREAS, the Otsego City Council has considered projected revenues for funds using property tax
proceeds in 2021; 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, MINNESOTA:
1. That the following amounts are the maximum to be levied as property taxes payable in 2021 for the
following purposes:
General Revenue
$7,033,000
Tax Abatement
45,874
GO Improvement Bonds, 2010B
460,000
GO Improvement Bonds, 2010D
124,703
GO Improvement Bonds, 2011A
70,297
GO Improvement Bonds, 2018A
94,551
Total Tax Levy 7 828 425
1
ADOPTED by the Otsego City Council this 14th day of September, 2020.
MOTION BY: Tanner
SECONDED BY: Warehime
IN FAVOR: Stockamp, Goede, Tanner, Darkenwald, Warehime
OPPOSED: None
2
CITY OF OTSEGO
(1 G/
U' Jessica L. Stockamp , Ma or
ATTEST:
Tami MLoff, City Clerk