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RES 16-103CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2016-103 SETTING A FINAL PROPERTY TAX LEVY FOR TAXES PAYABLE IN 2017 WHEREAS, the Otsego City Council has on December 12, 2016, held a public meeting to allow for public comment before adopting a final budget and certifying a final 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 2017 by December 28, 2016 and certify the final property tax levy to the Wright County Auditor; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA: That a tax is hereby levied for collection in 2017 upon all taxable properties in the City of Otsego for the purpose and sums as follows: General Revenue $4,893,360 Tax Abatement 81,385 GO Improvement Bonds, 2010B 430,000 GO Improvement Bonds, 201 OD 109,255 GO Improvement Bonds, 201 IA 115,745 Total Tax Levy 5 629 745 ADOPTED by the Otsego City Council this 12th day of December, 2016. CITY OF OTSEGO Ocpm-�Atzv-k law - T- Jessica Stockamp, M or F.TURM— l Tami Loff, City Clerk MOTION made by Council Member HQ i do e r and SECONDED by Council Member w—Are h iMe INFAVOR: Stockamp, Warehime, Darkenwald, Heidner OPPOSED: None 2