City Council Resolution 2021-62CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2021-62
RESOLUTION SUPPORTING THE TRANSPORTATION ECONOMIC DEVELOMENT
INFRASTRUCTURE (TEDI) PROGRAM APPLICATION
WHEREAS, the City of Monticello acts as the legal sponsor for the Walnut Street
extension project contained in the Transportation Economic Development Infrastructure (TEDI)
Program application to be submitted on August 27, 2021 and that the Mayor and City
Administrator are hereby authorized to apply to the Department of Employment and Economic
Development for funding of this project on behalf of the City of Monticello; and
WHEREAS, the City of Monticello has the legal authority to apply for financial assistance,
and the institutional, managerial, and financial capability to ensure matching funds, adequate
construction, operation, maintenance and replacement of the proposed project for its design
life; and
WHEREAS, the City of Monticello has not violated any Federal, State or local laws
pertaining to fraud, bribery, graft, kickbacks, collusion, conflict of interest or other unlawful or
corrupt practice; and
WHEREAS, that upon approval of its application by the State, the City of Monticello
Monticello may enter into an agreement with the State of Minnesota for the above -referenced
project, and that it will comply with all applicable laws and regulations as stated in all contract
agreements.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF MONTICELLO,
MINNESOTA:
1. The City of Monticello has committed $95,000 towards the local match requirement.
Those funds will come from the Capital Project Fund.
2. The City of Monticello confirms that all funding necessary for the project is secured
and the City will provide funds to complete the project.
3. The City of Monticello will repay the grant if milestones are not realized by the
completion date identified in the Application.
4. The City of Monticello certifies that it will comply with all applicable laws, regulations,
and rules of the Application.
5. That the sources and uses, private investors, equity, and other financing commitment
represented in the attached document are accurate.
NOW, THEREFORE BE IN FURTHER RESOLVED BY THE CITY COUNCIL OF MONTICELLO,
MINNESOTA, that the Mayor and City Administrator, or their successor in office, are hereby
authorized to execute such agreements, and amendments thereto, as are necessary to
implement the project(s) on behalf of the applicant.
ADOPTED BYthe City Council of Monticello, Minnesota this 91" day of August, 2021.
CITY OF MONTICELLO
ATTEST:
J nnifer Schreiber, City Clerk