City Council Resolution 2023-93CITY OF MONTICELLO
WRIGHT COUNTY
STATE OF MINNESOTA
RESOLUTION NO.2023-93
RESOLUTION APPROVING TAX ABATEMENT POLICY
BE IT RESOLVED By the City Council (the "Council") of the City of Monticello, Minnesota
(the "City") as follows:
Section 1. Recitals.
1.01. Minnesota Statutes, Sections 469.1812 through 469.1815, as amended (the
"Abatement Act"), provides the City with the authority to grant a current or prospective
abatement, by contract or otherwise, of the City's taxes on a parcel of property, or defer the
payments of the taxes and abate the interest and penalty that otherwise would apply
("Abatements") in certain circumstances.
1.02. The City acknowledges that Abatements can at times serve as a valuable
financing tool to further the development and redevelopment objectives of the City and to that
end, the City has caused to be prepared certain criteria to guide the City in awarding
Abatements pursuant to the Abatement Act (the "Tax Abatement Policy").
Section 2. Tax Abatement Policy Approved.
2.01. The Council hereby approves the Tax Abatement Policy on file in City Hall, which
criteria supersedes any other prior tax abatement policy or criteria adopted by the City.
2.02. City staff is hereby authorized to take all actions necessary to implement the Tax
Abatement Policy.
Approved by the City Council of the City of Monticello, Minnesota this 23rd day of October,
2023.
Mayor 4
ATT =ST:
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MN 190\101\906682.v 1