RES 14-652.
RESOLUTION NO. 2014-65
CITY OF OTSEGO
COUNTY OF WRIGHT, MINNESOTA
A RESOLUTION SETTING A PRELIMINARY PROPERTY TAX LEVY FOR
TAXES PAYABLE IN 2015
WHEREAS, the Otsego City Council is required by State law to establish a preliminary tax
levy for taxes payable in 2015 by September 30, 2014 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 2015; and
WHEREAS, the Otsego City Council has considered projected revenues for funds using
property tax proceeds in 2015; 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:
That the following amounts are the maximum to be levied as property taxes payable in 2015
for the following purposes:
General Government $4,047,000
Tax Abatement 23,000
GO Improvement Bonds 201 OD 36,032
GO Improvement Bonds 2011A 163,968
Public Works Building Bond 2010B 410,000
Total Tax Levy 4 680 000
That said levy is a preliminary levy as required by State Law and establishes a maximum
levy amount for property taxes payable in 2015.
That a copy of this resolution be transmitted to the Wright County Auditor.
4. That a preliminary General Fund budget of $ 4,648,869 in revenues supporting $ 4,450,667
in expenditures be adopted subject to change at the final adoption of 2015 operating and
capital budgets.
MOTION BY: Schroeder
SECOND BY: Heidner
ALL IN FAVOR: Stockamp, Schroeder, Heidner, Darkenwald, Warehime
THOSE OPPOSED: None
ADOPTED by the City Council of the City of Otsego this 22nd day of September 2014.
ATTEST:
Tami Loff, City Clerk
2
CITY OF OTSEGO
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Je sica Stockamp, Mayor