RES 2023-60 Adopting a Preliminary Property Tax Levy for Taxes Payable in 2024CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2023-60
ADOPTING A PRELIMINARY PROPERTY TAX LEVY
FOR TAXES PAYABLE IN 2024
WHEREAS, the Otsego City Council is required by State Statute to establish a preliminary tax levy for taxes payable in 2024 by
September 30, 2023 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
2024; and
WHEREAS, the Otsego City Council has considered projected revenues for funds using property tax proceeds in 2024; 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 2024 for the following
purposes:
General Revenue $6,397,000
Tax Abatement 91,181
GO Improvement Bond, 2018A 102,144
GO Improvement Refunding Bond, 2020A 197,000
Capital Improvement Plan 4,3611102
Total Tax Levy $11,148,427
1
ADOPTED by the Otsego City Council this 25th day of September, 2023,
MOTION BY: Goede
SECONDED BY: Moores
IN FAVOR: Stockamp, Dahl,
OPPOSED: Dunlap
Goede, and Moores
2
CITY OF OTSEGO
a ,.
s
Jessica L. Stockamp, Mayor
ATTEST:
Audra Etze/L City Clerk