RES 2021-73 ADOPTING A PRELIMINARY PROPERTY TAX LEVY FOR TAXES PAYABLE IN 2022CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2021-73
ADOPTING A PRELIMINARY PROPERTY TAX LEVY
FOR TAXES PAYABLE IN 2022
WHEREAS, the Otsego City Council is required by State Statute to establish a preliminary tax levy for taxes
payable in 2022 by September 30, 2021 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 2022; and
WHEREAS, the Otsego City Council has considered projected revenues for funds using property tax proceeds
in 2022; 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 2022 for the
following purposes:
General Revenue $7,997,396
Tax Abatement 40,422
GO Improvement Bond, 2018A 97,187
GO Improvement Refunding Bond, 2020A 450,000
Total Tax Levy S8 585 005
ADOPTED by the Otsego City Council this 27th day of September, 2021.
MOTION BY: DARKENWALD
SECONDED BY: DAHL
INFAVOR: STOCKAMP, DARKENWALD, GOEDE, DAHL
OPPOSED: NONE
CITY OF OTSEGO
Jessica L. Stockamp, Iflayor
ATTEST:
Bethany J. B ting, DeputyC' y Clerk
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