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RES 15-72CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2015-72 RESOLUTION SETTING A FINAL PROPERTY TAX LEVY FOR TAXES PAYABLE IN 2016 WHEREAS, the Otsego City Council has on December 14, 2015, held a public meeting to allow for public comment before adopting a final budget and certifying a fmal property tax levy; and WHEREAS, the Otsego City Council is required by State Statute to establish a final property tax levy for taxes payable in 2016 by December 28, 2015 and certify the final property tax levy to the Wright County Auditor; and NOW, THEREFORE, BE If RESOLVED BY TBE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA: 1. That a tax is hereby levied for collection in 2016 upon all taxable properties in the City of Otsego for the purpose and sums as follows: General Revenue $4,291,392 Tax Abatement 88,814 GO Improvement Bonds, 2010B 415,000 GO Improvement Bonds, 201 OD 105,097 GO Improvement Bonds, 201 IA 119,903 Total Tax Levy 5 020 206 ADOPTED by the Otsego City Council this 14th day of December, 2015. MOTION made by Council Member Heidner INFAVOR: OPPOSED: CITY OF OTSEGO f W151=40910ml Mir Jessica Stockamp, Maye& ATTEST: Tami L , City Clerk and SECONDED by Council Member Stockamp, Heidner, Schroeder, Warehime 10 rem 2