City Council Resolution 2023-22CITY OF MONTICELLO
WRIGHT COUNTY, MINNNESOTA
RESOLUTION NO. 2023-22
RESOLUTION APPROVING ASSIGNMENT OF DEVELOPMENT CONTRACT AND PLANNED
UNIT DEVLEOPMENT AGREEMENT FOR MONTICELLO LAKES PUD DISTRICT
LOT 1, BLOCK 1, MONTICELLO BUSINESS CENTER EIGHTH ADDITION
PID: 155-269-001010
WHEREAS, the City of Monticello, Minnesota (the "City") and Monticello Lake
Apartments LLC, a Minnesota limited liability company (the "Developer"), have previously
entered into a Development Contract and Planned Unit Development Agreement ("the
Contract and Agreement") for Monticello Business Center Eighth Addition; and
WHEREAS, (Developer) has requested City consent to the assignment of the
Contract and Agreement to Monticello Lakes, LLC, a Minnesota limited liability company
(the "Successor Developer").
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Monticello,
Minnesota hereby approves the requested Assignment, and authorizes the Mayor and Clerk
to execute documents necessary to effectuate the Assignment upon submission by the
Successor Developer of all escrows and financial securities required under the Contract and
Agreement.
ADOPTED this 13th day of March 2023, by the City Council of the City of Monticello,
Minnesota.
MONTICELLO CITY C UNCIL
By. 1 i
Lloyd Hilgart,- ayor'�
ATTEI
I
Cenniter , City Clerk