RES 2022-73 Adopting a Preliminary Property Tax Levy for Taxes Payable in 2023CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2022-73
ADOPTING A PRELIMINARY PROPERTY TAX LEVY
FOR TAXES PAYABLE IN 2023
WHEREAS, the Otsego City Council is required by State Statute to establish a preliminary tax levy for taxes
payable in 2023 by September 30, 2022 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 2023; and
WHEREAS, the Otsego City Council has considered projected revenues forfunds using property tax proceeds
in 2023; 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 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 2023 for the
following purposes:
General Revenue $8,697,863
Tax Abatement 87,744
GO Improvement Bond, 2018A 94,416
GO Improvement Refunding Bond, 2020A 450,000
Total Tax Levy 9 330 023
ADOPTED by the Otsego City Council this 26th day of September, 2022.
MOTION BY: Moores
SECONDED BY: Dahl
IN FAVOR: Stockaimp, Dahl, Darkenwald, Goede, and Moores
OPPOSED: none
CITY OF OTSEGO
J CJJII.d �. �w�naiiiN, rviayvi
ATTEST:
Audra EtzeI,�CCr�y Clerl<
2