99-38RESOLUTION NO. 99-38
CITY OF OTSEGO
COUNTY OF WRIGHT, MINNESOTA
A RESOLUTION APPROVING AN INCREASE IN THE TAX LEVY
WHEREAS, the Minnesota State Legislature has
enacted a law which requires local governments to
adopt a resolution approving a tax increase when
their tax levy increases from one year to the next;
and,
WHEREAS, the City of Otsego's tax levy was $799,563
(minus debt payments) in 1999;
WHEREAS, the City of Otsego's preliminary tax levy
for 2000 is proposed to be $838,883;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF OTSEGO, MINNESOTA:
1. That the higher tax levy for 2000 is hereby
authorized by the City Council. The City Council
reserves their right to lower the 2000 tax levy by
its Truth -in -Taxation public hearing on Monday,
December 6, 1999 at 6:30 p.m. The City Council
takes this action tonight because it is mandated by
state law to do so by October 20, 1999.
Dated this 11th day of October, 1999
ATTEST:
lai.ne Beatty, City C rk
CITY OF OTSEGO
- i
Vern Heidner, Acting Mayor