ITEM 4.1 & 4.2 Resolutions 13-61, 62, 63, 640
C1 T 01=
Ot
FlIN14ESOTA
DEPARTMENT INFORMATION
ORIGINATING DEPARTMENT:
Administration
Request for
City Council Action
RE UESTO : MEETING DATE:
Lori Johnson, City Administrator Decennber , 213
PRESENTER(s): REVIEWED BY: ITEM #:
Lori Johnson, City Administrator 4.1 & 4.
Dan Jordet, Administrative
Services Director
AGENDA ITEM DETAILS
RECOM ENDATION:
Recommend adoption of the three attached resolutions setting the tax levy, budgets and Capital
Improvement Plan (CIP) for 2014 following a presentation of the material by staff and after receiving
public comment.
ARE YOU SEEKINGAPPROVAL OFACONTRACT?
No
BACKGROUND/JU TIFICATIoN:
ISA PUBLIC HEARING REQUIRED?
ED
No; however, public Input roust be taken.
On September 9 the City Council approved a proposed tax levy of $4,539,28;5. That proposed levy
amount was used to {calculate the proposed taxes for the parcel specific notices sent to property owners
by Wright County. Prior to and following adoption of the preliminary levy, the Council held numerous
budget workshops to review the budget, tax levy and Capital Improvement Plan. The next step in the
budget process is to adopt the final levy for certification to the county before December 30 and to adopt
the 2014 operating budgets and 2014-2018 CIP. The final levy may be less, but not more, than the levy
adopted in September. Further, public input must be taken and considered at the Council meeting on
December 9 before adoption of the final tax levy and budgets.
The tax leery is proposed to increase $151,375 or 3.69 percent to $4,539.285. Bonded debt levies
account for $50,285 or 31 percent of the increase while the tax abatement and reserve levies each
account for around three percent of the total increase. The General Fund levy increase of $99.,855
accounts for the majority, 61.88 percent, of the increase. of the General Fund levy increase, over half,
50.12 percent, $50,,050,, is to fund increases in contracts for police and fire service. A portion of the
increase, $34,917 or 38 percent will be used to reduce future debt service levies.
The General Fund budget is proposed at $4,084,097 including a sales tax .savings of $26,,085 and the use
of $34,917 of the levy to reduce future debt service levies.
The City's total tax capacity for taxes payable 2014 will be $10,120,229 subject to adjustments by Wright
County. This is the resulting calculation from a total estimated market value of $964.330,300. Of that
amount $21.,673.,500 comes from the added value of new construction. Based on current assessment
data, property with a stable value will experience a decrease in city property tax in 2014 as will property
that has declined in value.
SUPPORTING DOCUMENTS: XD ATTACHED D NONE
0 Information and Public Comment Meeting material for 2014 Operating Budgets., Property Tax
Levy Payable in 2014, and 2014-2018 Capital Improvement Plan
0 Resolution 2013 —61; A Resolution Approving 2013 Property Tax Levy Collectible in 2014
0 Resolution 2013 — 63; A Resolution Adopting 2014 Operating Budgets
& Resolution 2013 — 64; A Resolution Adopting 2014-2018 Capital Improvement Plan
POSSIBLE MOTION
Please viord motion as you would like it to appear in the minutes.
1. Motion to approve Resolution 2013 —61; A Resolution Approving 2013 Property Tax Levy
Collectible in 2014
2. Motion to approve Resolution 2013 — 63; A Resolution Adopting 2014 Operating Budgets
3. Motion to approve Resolution 2013 — 64; A Resolution Adopting 2014-2018 Capital
Improvement Plan
BUDGET INFORMATION
r
FUNDJNG: BUDGETED' DYES
❑N/A
NO
ACTION TAKEN
ci APPROVED AS REQUESTED Q DENIED i:j TABLED n OTHER (List changes)
COMMENTS:
CITY OF
se o
MINNESOTA
• gets
2014 ()),Perating Bud
Property Tax Levy Payable i*n 2014
�01,4 — 2018 capital Improvement Plan
���h�9 dogs the City have this Meeting?.
0 pity Administrator prepares and submits an
operating budget for the ensuing year to the City
Council.
o Minnesota Statutes 275.065, the "Taxation and
Notification "law, esblishes��a process for
communication of this information to the public.
• pity Council must hold a meeting to discuss the
budget and property tax levy and, before a f inal
determination, allow public input.
**2U13 only—At the meeting were public comment is permitted, the city must discuss the estimated savings realized to their
budgets as a result of the sales tax exemption, and how those savings will be used for property tax levy reductions, fee reductions, and
other purposes as deemed appropriate.
Strategic Goals
• To focus the use of thei
CtY1s limited resources
to produce the greatest value for the Otsego
community, the City Council has adopted the
following four Strategic Planning Goals:
o Expand the City's commercial -industrial tax base.
o Assess the efficiency and effectiveness of City
services.
o Review public safety services.
o Define and manage the City's image and identity.
The �Ladget r rocss
City Administrator and Department Heads have met with
Council on several occasions to discuss proposed revenues
and expenditures.
o August 12 — Initial Meeting on Budget Items and Tax Levy
o August 26 — Property Tax Levy, Parks, Recreation, Fleet Management, Streets
o September 9 — Adoption of Preliminary Tax Levy and Preliminary Budget
o October 28 — Water and Sewer Utilities, Stormwater Funds, Capital Fleet Plan
o November 4 — Utility Funds review, Capital Improvement Plan, Capital Fleet
Plan
o November 12— Property Tax Levy and Revised General Fund
o November 25 — General Fund, Staffing and Market Rate Adjustment, Capital
Improvement Plan
• December 9 — Public Meeting for Public Review and Comment
o Adoption of Property Tax Levy
o Adoption of Budgets
o Adoption of Capital Improvement Plan
the General Fund
is City Council Planning
police Zoning Enforcement
• Fire Protection Facilities
0
0
Animal Control
Streets
— Maintenance
— Cleaning
— Plowing
• Parks
• Recreation
— City Hall
— Prairie Center
• Administration
— Clerk/Elections
— Finance
— IT
—Legal
• Information Technology
Gener I Func,'�,,
• Property Taxes
• Assessments
• Business Licenses,
— Liquor
— Rental Housing
• Permits
• Transfers from Other
Funds
is Investment Earnings
Fees:
— Recreation Programs
— Parl< Facility Use
— Platting
— Zoning Changes
• Cable Communications
Franchise Fees
• State Aid
Investment Earnings
2- - 4 -S Oln
Franchis(
2.57!
Fees for Se rvi ce
1,61%
Licenses &
Permits
0,98%
General Fund Revenues 2014
State Aid Tr;;nefpr-c.
General Fund Expenditures 2014
Police
22.90
Parrs& Recreation
11.12%
Facilities
2.84%
Planning & Zoning
2.14,
it
Council
1.83
Administration
21.89%
R \.Infor t l n Technology
Transfers
1.62
City of Otsego
49.9-50
51,773
62,960
74,547
11"
18.42%
General Fund Budget
295,8W
347.582
355.290
395,180
39AW
for ffm ye a r e n clin g 31 De cembe r
2014
390
24,334
W
27,100
25515
Actual
petual
Budget
PrDposed
68,M0
70,300
2,050
2011
2012
2013
2014
$ C hamp
% C hangp
leve rues:
33.01%
In brmafion TmM *w
-
35,108
48.850
4800
Ad Vakxm Prop" Tax
3,343,585
3,139,131
3213,145
3.3 2,000
99'A55
3.11%
les and Permits
23,450
33.915
28,000
40,100
12,100
4321%
hkqpYernmear W Revenue
199.053
208822
2t )i7
316,611
113.736
56-06%
Charges k)r Servke
9010M
60.253
57,000
66,650
8,64
15.18%
ht Revenue
118,I86
92;134
10DODO
I00,000
-
O.OD%
CaLie Fmwttse Fees
100,176
106.547
100,000
105,000
5,000
5-00%
Other Re nue
--23Z8 13
35,104
500
143,736
1432W
-
IOTAL Rwemes,-
4,113,347
3,675,9W
3.701,520
4,084,097
382,677
10.34%
Expe n 6 tu re a:
GwmiGovewmt
Cty Council
49.9-50
51,773
62,960
74,547
11"
18.42%
Acknhista5on
295,8W
347.582
355.290
395,180
39AW
1123%
Ekcborks
390
24,334
W
27,100
25515
4532-48%
Assessor
67,9,35
67,004
68,M0
70,300
2,050
3.0D%
Fwm e
170,950
239,080
243,94.5
324,472
80,527
33.01%
In brmafion TmM *w
-
35,108
48.850
4800
1,150
2.45%
Legal
957-:0
71,3D5
70.000
75,000
5,000
7.14%
C `yr 1131
-
78,885
81.875
3,'I DD
4.05%
Old Tarn S; -'o
721
716
-
100.00%
Flanrflng
91213
85,126
80,000
73,400
(6 0)
(825%)
plaming cammisskin
w
1,230
1.60
1
(1,QW)
(101.0
SUMAI.- General Govemmed:
778j807
99,258
1,008.235
4.169,874
161'0`'
16.03%
Pub Ee Sawy.
Poke
861.410
875,045
883,340
912,500
29,200
3.31%
Poke COMMISSM
i'm
1,37-2
1.370
1,350
(20)
(1.46%)
Fffe
347.922
355.OD0
376.850
20,&50
5,87%
Emergency Wna-wnent
728
6,500
8,550
2A4
31.64%
Arimal Control
15 74
10,915
17,500
11,000
@,5W)
(37.14%)
SL6k4&.- Pubk Sd*.,
MA75
i,MW
1263.070
1,309,250
4,9,5W
3.61%
Pub k Wailes:
Streets
1,285,891
700,656
510940
639,980
129,740
25.43%
En_*effkg
147,421
128.713
117.000
85.000
(32.00D)
(27.35%)
Street Lights
97,046
IM775
105,000
110.000
5.000
4.76%
Fleet Minternme
-
2M,460
104.400
(15P60)
(7.19%)
SuWa/.- Pubk Wo*s
1.530.358
998,I44
941.700
1,029,380
87,680
031%
Cuhure & Recreatkin
Park KMtEnanre
346,410
195,456
291,65
297,850
6,195
2-12%
Recrm�m
37,325
83,010
137,110
155,150
18,040
13.16%
Pirie Center
58,888
39.134
43,500
34,050
(9,450)
(21.72%)
Heftge Presem5m Cm.
1400
1,134
1 X0
(1250)
(100-0
Su Mal: Cultum & R ecru:
445.023
318,740
473,515
487.050
13,535
2.84%
Economlc Dotek>pment
14353
Z649
14,40D
13,800
(6w)
(4.17%)
Trans krs Ou V(h)
556,,941
115,ODO
65,911
65,911
1 00.OD%
TOTAL Expendfuies- 4,20i,W 3.614,773 3,701,520 4.075,265 373,745 10.10%
Sales Tax Exern p6on Sates (26,035)
NET GENERAL FUND: (88,010) 61.193 - 34,917
Property Taxes
C'UI 'u�>>sch by the
7Q) )/c osenert is method
Minnesota Legislaturepayingfor the
public services we want and expect from
is cities. It based on the value of
ornmovable or real property owned.
o i'f it was based on the amount of money we earn, it would
be income tax.
0 if it was based on the amount of money we spend, it
would be sales tax.
0 if it was based on the number of people in a city, it would
be a capitation, or poll,, tax.
it How is d
41 Based on the proportionate market value of
your taxable property relative to the total
market value of taxable property in the city.
• Proportion is determined by formula.
tu�,zc�ble r�aarkcit vri§Ltf�� c;,Ic(;,iss rate tax cu��acO(y
• There are 26 classifications of property using 6
d'ufferent class rates.
Property Taxes
e estimated market value
is taxable market value
* tax capacity rate
a
variables
AMA
TMV
TCR
• property�.I'��:VY
'tax levy
tax capacOF TC
������0 ��»c 0
KP
-� acl 4L ty TTC
La.// ()cLension rate or tax ratc. FR
property -taxes oayable
Property Taxes
(EMV is or TMV) TCR TC
4
calculatonsi
�'���c����c���t�o�nate
Share of Taves
Estimated Market Value
Business
$500,000
33.33%
Apartment
$500,000
33.33%
Residence
$500POOO
33.33Yo
Tax Capacity
Residence
iapnce
51000
24.39%
151ness
It250
3.12%
Jr
AparLment
6,250
30.49%
41
Taxes Pay ble
certified Levy = $10,000
Total Tax Capacity,--= x.0, 500
Tax Extension Rate = 48,,78%
Residential
A-Partm P--,.nt
Commercial
5,000 X 48.78% _ $21439@10
6,250 X 48.78% _ $31048a7,5
9,250 X 48.78% _ $ 401512e15
a City of sego
U
j Calculation of Preliminary Property Tax Levy
A.. for taxes payable l 2014
General Fund levy
Fire Deserve Levy
Storm Swyer Lewy
Pavement Management Levy
Park Trail Management Levy
Capital Equipment Revolving Fund Leery
Park Capital Equipment
5 btD al ; Other Li m ited Levies
TOTAL: Li m ite Levy
20108 Building Bonds
2003A Improvement Bonds
2004A Improvement Bonds
2006B Improvement Bonds
Subtotal: Bonded Debt Levies
Tax Abatement
TOTAL: CerUfled Levy
Dollar Increase
Percentage Increase
Proposed
Pq 2012
Pay 2013
P 2014
2,831,000
3,2.31145
3,313,000
48 000
140,000
145,000
-
57,765
25,000
300,000
300,000
3 20,000
25,000
251000
251000
150,000
175,000
10,100
50,000
25 000
53,000
11005,000
7221765
728,000
3,836,000
3,935,9.0
4,04.,000
150,000
150,000
200,205
100,000
1.00,000
1001000
751000
751000
75,000
100 000
100,000
100 000
425,000
4251000
475,285
17,000
23,000
4,261,000
4r377r9 10
41539,285
1161910
161,375
2.4%
3.69%
c�r the City of Otsego in 2014
Estimated Market Value $ 964,330,300
Market Value Exclusion $ 39,194,100
Taxable Market Value $ 925,136,200
Total Tax Capacity 10,120,229
Certified Tax Levy $ 4,539,285
Tax Rate 44,,853%
New Value from Improvements $ 21,673,500
).7
city of Otsego
Effect of Proposed Tax Levy on Various Properties
Taxes Payable 2013 and 2024
Commercial: Value Up 5.00%
Pay 2013
875,000
16.350
Pay 2014
71743.53
Commercial: Value Stable
$
Taxable
Tax city
Tax
Taxable
Tax City
Tax
Dollar
%
MarketValue
Capacity Tax Rate
Payable—
MarketValue
Capacity Tax Rate
Payable
Change
Change
Residential: Value Up 5.00PA $ 200,000
2,0000 46.230°/a
$ 924.60
$ 210,000
2,100 44.853%
$ 941.91
$ 17.31
1.87%
Residential: Value Stable $ 200,000
2,0000 46. 230%
$ 924.60
$ 200,000
2,000 44.853%
$ 897.06
$ (27.54)
(2AW/6)
Residential: Value Down 5.00% $ 200,000
2,000 46.230%
$ 924.60
$ 190.f000
119W 44.853%
$ 852.21
$ (72.39)
(7.83%)
Commercial: Value Up 5.00%
$
875,000
16.350
46.230% $
71743.53
Commercial: Value Stable
$
875,000
16,750
46.230%
7,743-53
Commercial: Value Down 5.00%
$
875,000
16,751
46.230%
7,743.53
$ 918,750 17,625 44.853% 7..905.34
$ 875,000 16,750 44.853% 7..512.88
$ 831,250 15,87S 44.853% 71120.41
161.82 2.09YG
(230.65) (2.9Wo)
$ (623.11) (8-05%)
:O
Why Atould my property tapes go UP or dowry`
• City asks for more or less dollars.
• Market Value of my property goes up or down
• Market Value of my property changes in
relation to other properties
• Legislative law changes
— tax classification rates
Is
— homestead credits or value exclusions
Real value growth in property tax base
Other� ands —Special Revenue
•
S
torm Waiter In -District Fund
• Revenues $ 73,800
• Expenditures $ 63,000
• Storm Water Out -of -District Fund
• Revenues $ 25,000
• Expenditures $ 21,240
• Street Light District Fund
• Revenues $ 26,700
• Expenditures $ 13,880
E.
Other Funds —Special Revenue
Building Safety Fund
Rental Licenses
$ 18,600
Building Permits
4001000
Plumbing Permits
41,000
Mechanical Permits
431000
Other Permits and Fees
141600
Revenues
517,200
Personal Services $ 64.1037
Supplies 61700
Contract Inspection Services 1081400
Other Contracted Services 36,555
Transfers and Equipment 37,104
Expenditures $ 252,796
Net Operations $ 264,404
e r -1, d-,s—Debt Service Funds
Bonded Debt 12/31/2013.0
2014 Principal Payments
Bonded Debt 13/31/2014
2014 Principal Payments
2.014 Interest Payments
$ 45,730,000
1,150,000
1
$ 44015801000
$ 1,150,000
1,555,019
2014 Debt Service Expenditures $ 2, 705, 019
Other Funds —Wates, (fund
Water dales $ 1,026,830
Other Revenues 162,045
Revenues $ 1,188,875
Personal Services
$
42,719
Supplies
146,025
Contractual Services
186,585
Depreciation
487,580
Transfers (incl. debt payments)
465,293
Expenditures
$
1,328,202
Net Operations
$
(139,327)
Net Cash Flows
$
325,966
Other Funds Se �ver �un�
Sewe
Charges $ 1,181,900
Other Revenues 528000
Revenues $ 1,233,900
Personal Services 242,071
Supplies 1521725
Contractual Services 355,145
Depreciation 843,252
Transfers (incl. debt payments) 800,406
Expenditures 21393,599
Net Operations $(1;159,699)
Net Cash Flows $ (359,293)
CONSIDER RESOLUTIONS ADOPTING THE
PROPERTY TAX LEVY PAYABLE IN 2014 AND
THE 2014 OPERATING BUDGETS FOR
GENERAL, FUN, SPECIAL REVENUE FUNDS,
DEBT SERVICE FUNDS AND UT LITY FUNDS
2014 2018
Capital Improvement Plan
• Projects for 2014
• Trail Improvement — Queens to Riverfront Area $ 135)000
• Park Signage
$
13,500
• Tennis and Basketball Court Repairs
$
311000
• Water and Electric at Prairie Park
$
11,0000
• School Knoll Pre -I< Play Structure
$
20,000
• Annual Trail Management
$
251000
• City Entrance Signs
$
60,0000
• Ballot Counters
$
81700
• Stormwater In -District Maintenance
$
501000
• Stormwater Otsego Creek Maintenance
$
75,000
• Stormwater Out -of -District Culverts
$
101000
• Lift Station #3 —West WWTF
$
55,000
• Well House # 4 SCADA
$
111000
XU
Projects for 2014
• Valve Turner
$
15,000
• Wellhead Protection Plan Amendment
$
20,000
• West WWTF Generator Rebuild
$
40,000
• Annual Street Sealcoating
$
260,000
• Annual Street Crack Filling
$
70,000
• Annual Street Striping
$
28,000
9 Annual Street Preventative Maintenance
$
39,000
• CSAH 39 Service Road
$
292,000
• 85th Street — Nashua to Mason
$
150,000
• Micro -Surface Streets
$
150,000
70th Street Extension
$
1,400,000
• Highway 101/County 144 Project Contribution
$
100,000
• Jalger Avenue & 100th Street
$
130,000
0
Funding Sources for 2014 Projects
• General Fund
$
8,700
• Pavement Management Fund
$
397,000
• Trail Management Fund
$
25,000
• Park Capital Equipment Fund
$
20.1000
• Street Reconstruction Fund
$
146,000
• Stormwater Out -of -District Fund
$
10,000
• Stormwater Utility Fund
$
50,000
Collector Street Fund
$
150,000
• Otsego Creek Watershed Fund
$
75,000
• Revolving Capital Improvements Fund
$
215,500
• Water Fund
$
42,250
• Sewer Fund
$
98,1750
• Assessments
$
286,000
• MSA State Aid
$
1,1550)000
9 Unfunded
$
135,000
The City of Otsego has an aggressive Capital Improvement Plan for the years
2014 through 2018 including facility expansions, new road construct -ion and
additional park facilities. Plans for funding these improvements will have to
be carefully monitored in order to realize and achieve the goals of this Plan.
2014 2015 2016 2017 2018
Administration
681700
201000
City Facilities
30,000
50,000
Parks &Recreation
2351500
11205,700
60)000
2)456,633
Public Safety
271000
21350,000
Public Utilities
2761000
4391000
450,000
529)000
Public Works
216193000
41111)000
2761000
946,000
TOTALS
21105)000
290,000
6961000
3,199,200 51812,700 311361000 4,001,633 31091)000
PUBLIC (10 lir
CONSIDER A RESOLUTION ADOPTING THE
2014 THROUGH 2018 CAPITAL
IMPROVEMENT PLAN
CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RE, SOLUTION N : 2013-61
RESOLUTION APPROVING 2013 PROPERTY TAX LEVY COLLECTIBLE IN 2014
WHERE, AS, pursuant to Minnesota Statutes 275.065 requiring adoption of a preliminary
property tax levy by September 15 of each year the City of Otsego adopted such a lever oil
September 9, 2013 for collection in 2014 to support various operating budgets of the City; and
WHEREAS, on December 9, 2013 the Otsego City Council held a public meeting at which
citizens were invited to ec nunent on the proposed levy and resulting operating budgets for the
2014 fiscal year.
NCI's, THL'1I RE, , BE IT RE SOLVED BY THE CITY COUNCIL THE CITY OF
OTSEGO, WRIGHT COUNTY, MINNESOTA THAT:
the following sums of money be levied for collection in 2014 upon taxable properties in the City
of Otsego for the following purposes;
General Government
Tax Abatement
GO Improvement Bonds 2003A
GO hnpro ement Bonds 2004
GCS Improvement Bonds 2006B
Public Works Building Bond 2010B
Total Tax Levy
MOTION N made by Council Member
IN F'AV'OR:
$4504 I.
23,000
1 oopo
75,040
100,000
200,285
$455395285
and SECONDED by Council Member
ADOPTED by the Otsego City Council this 9"' day of December, 2013.
CITY OF OTSEGO
Jessica Stockanip, Mayor
ATTEST:
Tami Loff, City Clerk
CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2013-63
RE SOLUTION ADOPTING 2014 OPERATING BUDGETS
WHERE, AS, on December 9, 2013 the Otsego City Council held a public ineeting at which
citizens were invited to comment on the proposed property tax levy and resulting operating
budgets for the 2014 fiscal. year.
NOW, THEREFOR, EJ, BE IT RE SOLVED BY THE CITY COUNCIL OF THE CITY OF
OTSEGO, WRIGHT COUNTY, MINNESOTA THAT:
the following sums of more be allotted for the operation of City business in the various funds
of the City during the 2014 fiscal year as follows:
GENERAL FtJND:
General Fund Revenues:
Propeity Taxes
$353133000
Licenses and Per -wits
40,100
Intergovernmental Revenue
316,611
Charges for Service
65,650
Interest Revenue
1005000
Cable Franchise Fee
105,000
Other Revenues
143,73
Revenues
$450845097
General Fund Expenditures:
General Goverinnent
$ 1.51693874
Public Safety
1,3095250
Public Works
1,02953 80
Cultute & Recreation
4875050
Economic Development
13,800
Transfers
65,911
Subtotal: Expenditures
$ 4'5075,265
less: Sales Tax exemption savings
26,085
Expenditures
$ 4.0495180
SPECIAL REVENUE FUNDS:
Storni Water In -District Fund Revenues $ 735800
Storin Water In -District Fund Expenditures $ 63,000
Storm Water Cut -Of Distriet Fund Revenues $ 253000
Storm Water Out -of -District Fund Expenditures $ 21 ,240
Street Light District Fund Revenues $ 26,700
Street Light District Fund Expenditures $ 1300
Building Safety Fund Revenues $ 517,200
Building Safety Fund Expenditures $ 2525796
DEBT SERVICE FUND
Debt Service Fund Revenues $ 2,7055019
Debt Service Fund Expenditures $ 2,705,019
ENTERPRISE FUNDS
Water Fund Revenues $ 151K875
Water Fund Expenditures $ 1,328,202
Sewer Fund Revenues $ 152333900
SeNver Fund Expenditures $ 2,3933599
ADOPTED by the Otsego City Council this 9"' day of December, 2013.
MOTION niade by Council Member
IN FAVOR:
OPPOSED:
ATTEST:
Tanii Loff, City Clerk
and SECONDED by Council Member
CITY OF OTSEGO
Jessica Stockani p, Mayor
CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2013-64
RE, SOLUTION ADOPTING 2014 — 2018 CAPITAL IMPROVEMENT PLAN
WHEREAS, on December 9, 2013 the Otsego City Council field a public li-lecting at which
citizens were invited to comment on the Capital Improvement Plan proposed for the 2014 - 2018
fiscal years.
NOW, THERE, FORE � -BE, IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OTSEGO, WRIGHT COUNTY, MINNESOTA THAT:
the Capital Improvement Plan for the City of Otsego incorporating capital facilities, capital
maintenance and capital planning expenditures projects for the 2014 — 2018 fiscal years be
adopted as attached.
BE IT FURTHER RE, SOLVED THAT:
expenditures for design or development of these projects as well as expenditure of fund s for the
implementation of each project along with a detailed funding plan for all costs must be approved
by the City Council prior to commitment to the expenditure of any finds for these projects.
ADOPTED by the Otsego City Council this 9th day of December, 2013.
MOTION inade by Council Member
IN FAVOR:
OPPOSED:
ATTEST:
Tami Loff, City Clerk
and SECONDED by Council Member
CITY OF OTSEGO
Jessica Stockamp, Mayor