RES 16-79CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF NM4MSOTA
RESOLUTION NO: 2016-79
ADOPTING A PRELIlVIINARY PROPERTY TAX LEVY
FOR TAXES PAYABLE IN 2017
WHEREAS, the Otsego City Council is required by State Statute to establish a preliminary tax levy for taxes
payable in 2017 by September 30, 2016 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 2017; and
WHEREAS, the Otsego City Council has considered projected revenues for funds using property tax
proceeds in 2017; 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:
1. That the following amounts are the maximum to be levied as property taxes payable in 2017 for the
following purposes:
General Revenue
$4,913,655
Tax Abatement
81,385
GO Improvement Bonds, 2010B
430,000
GO Improvement Bonds, 201 OD
109,255
GO Improvement Bonds, 201 lA
115,745
Total Tax Levy $5,650,040
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ADOPTED by the Otsego City Council this 26th day of September, 2016.
CITY OF OTSEGO
Jessica Stockamp, ayor
ATTEST:
Al,
nx TamiCity Clerk
MOTION made by Council Member Darkenwald and SECONDED by Council Member
{Tc -i dnpr
INFAVOR: Stockamp, Darkenwald, Heidner
OPPOSED: None
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