RES 15-57CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2015-57
RESOLUTION SETTING A PRELI IINARY PROPERTY
TAX LEVY FOR TAXES PAYABLE IN 2016
WHEREAS, the Otsego City Council is required by State Statute to establish a preliminary tax levy for taxes
payable in 2016 by September 30, 2015 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 2016; and
WHEREAS, the Otsego City Council has considered projected revenues for funds using property tax
proceeds in 2016; 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, THE, 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 2016 for the
following purposes:
General Revenue
Tax Abatement
GO Improvement Bonds, 2010B
GO Improvement Bonds, 201 OD
GO Improvement Bonds, 201 IA
Total Tax Levy
$4,291,392
88,814
415,000
105,097
119,903
$5,020,206
ADOPTED by the Otsego City Council this 28th day of September, 2015.
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CITY OF OTSEGO
Coft A Jehs catSPtockam ,1\ ayor
ATTEST:
Tami Lo ity Clerk
MOTION made by Council Member Schroeder and SECONDED by Council Member
Heidner
IN FAVOR: Stockamp, Schroeder, Heidner, Darkenwald, Warehime
None
OPPOSED:
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