City Council Resolution 2022-102CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2022-102
APPROVING A SPECIAL BENEFIT LEVY BY THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT
AUTHORITY
WHEREAS, pursuant to Minnesota Statutes, Sections 469.090 to 469.1082, as amended (the
"EDA Act"), the City of Monticello, Minnesota (the "City") previously established the City of
Monticello Economic Development Authority (the "Authority"); and
WHEREAS, pursuant to the EDA Act, the Authority is authorized to exercise all powers and
duties of a housing and redevelopment authority under the provisions of Minnesota Statutes,
Sections 469.001 to 469.047 (the "HRA Act"); and
WHEREAS, Section 469.033, subd. 6, of the HRA Act permits the Authority to levy and collect
a special benefit tax of up to 0.0185 percent of taxable market value in the City, levied upon all
taxable real property within the City,
WHEREAS, the special benefit tax levy authorized by Section 469.033, subd. 6 of the HRA Act
is separate and distinct from the City's levy and is not subject to levy limits; and
WHEREAS, the Authority has adopted a budget for fiscal year 2023 that provides for the levy
of a special benefits tax in the amount of 0.0185 percent of taxable market value in the City, to be
used for its economic development and redevelopment activities, and has submitted such budget
to the City pursuant to Minnesota Statutes, Section 469.033, Subdivision 6; and
WHEREAS, the Authority has adopted a resolution approving the levy of a special benefit tax
in the amount of 0.0185 percent of taxable market value in the City, subject to approval of such
special benefit tax by the City.
NOW, THEREFORE, BE IT RESOLVED by the City Council (the "City Council") of the City of
Monticello as follows:
1. The City Council of the City hereby accepts the budget submitted by the Authority
for the fiscal year 2023.
2. The City Council of the City hereby approves the levy by the Authority of a special
benefit tax pursuant to Minnesota Statutes, Section 469.033, Subdivision 6, in an amount not to
exceed $402,000 with respect to taxes payable in calendar year 2023.
Approved by the City Council of Monticello, Minnesota this 26th day of September 2022.
-r
Lloyd Hi art, Ma or
ATTEST:
tOV y
Je nifer SLYr"e-leer, City Clerk