RES 12-601.
RESOLUTION NO. 2012-60
CITY OF OTSEGO
COUNTY OF WRIGHT, MINNESOTA
A RESOLUTION SETTING A PRELIMINARY TAX LEVY OF $4,377,910 FOR
2013 BUDGET APPROPRIATIONS
WHEREAS, the Otsego City Council is required by State law to establish a preliminary tax
levy for 2013 by September 15, 2012 and certify the preliminary tax levy to the Wright
County Auditor.
WHEREAS, the Otsego City Council has reviewed the City's anticipated expenditures for
all funds in 2013 and,
WHEREAS, the Otsego City Council has considered projected revenues for all funds in
2013 and,
WHEREAS, revenues from sources other than property taxes are not sufficient to meet the
anticipated expenditures of all 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 2013
for the following purposes:
General Government $3,935,910
Tax Abatement 17,000
GO Improvement Bonds 2003A 117,320
GO Improvement Bonds 2004 75,000
GO Improvement Bonds 2006B 82,680
Public Works Building Bond 2010B 150.000
Total Tax Levy $4,377,910
2. That a copy of this resolution be transmitted to the Wright County Auditor.
MOTION BY: CM DARKENWALD
SECOND BY: CM SCHROEDER
ALL IN FAVOR: MAYOR STOCKAMP; COUNCILMEMBERS: DARKENWALAD, SCHROEDER, SCHAREBR AND
HEIDNER
THOSE `OPPOSED: NONE
ADOPTED by the City Council of the City of Otsego this 10th day of
September 2012.
ATTEST:
- dq& i—'I� lf)� � -_
Tami Loff, City Clerk
2
CITY OF OTSEGO