RES 2025-66 Setting a Final Property Tax Levy for Taqxes Payable in 2026CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2025-66
SETTING A FINAL PROPERTY
TAX LEVY FOR TAXES PAYABLE IN 2026
WHEREAS, the Otsego City Council has on December 2, 2025, 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 2026
and certify the final property tax levy to the Wright County Auditor.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA:
1. That a tax is hereby levied for collection in 2026 upon all taxable properties in the City of Otsego for the purpose and
sums as follows:
General Revenue
Tax Abatement
GO Improvement Bond, 2018A
GO Improvement Refunding Bond, 2020A
Lease Revenue Bond, 2024A
Capital Improvement Plan
Total Tax Levy
$7,545,000
108,624
106,314
186,000
1,275,300
1,884,287
$11,105,525
ADOPTED by the Otsego City Council this 8th day of December, 2025.
MOTION BY: Tanner
SECONDED BY: Lund
IN FAVOR: Stockamp, Goede, Lund, and Tanner
OPPOSED: Dunlap
1
CITY OF OTSEGO
Jessica L. Stockamp, Maydr
ATTEST:
Audra Etzel, City Clerk