EDA Resolution No. 2024-01 (Land Conveyance of City of Monticello)CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO.2024-01
RESOLUTION AUTHORIZING CONVEYANCE OF
CERTAIN REAL PROPERTY TO THE CITY OF MONTICELLO
WHEREAS, the City of Monticello Economic Development Authority (the "Authority") is
the owner of certain real property located in Wright County, Minnesota and legally described as
Outlot A, Great River Addition (the "Property"); and
WHEREAS, the City of Monticello, Minnesota (the "City") is interested in owning the
Property; and
WHEREAS, the Authority has determined that it is in the best interest of the public to
convey the Property to the City; and
WHEREAS, the Authority and the City have followed applicable statutory provisions,
including but not limited to, Minnesota Statutes, Sections 465.035 and 471.64.
NOW THEREFORE, BE IT RESOLVED by the Board of Commissioners of the City of
Monticello Economic Development Authority as follows:
1. The recitals set forth in the preamble to this resolution and the exhibits attached to
this resolution are incorporated into this resolution as if fully set forth herein.
2. The conveyance of the Property by the Authority to the City is hereby authorized
pursuant to a quit claim deed.
3. The Board hereby authorizes the President and Executive Director, in their
discretion and at such time, if any, as they may deem appropriate, to execute on behalf of the
Authority all appropriate documents to convey title of the Property to the City, included but not
limited to a quit claim deed (the "Conveyance Documents"), and to carry out, on behalf of the
Authority, the Authority's obligations thereunder when all conditions precedent thereto have
been satisfied. The Conveyance Documents shall be in substantially the form on file with the
Authority and the approval hereby given to the Conveyance Documents includes approval of
such additional details therein as may be necessary and appropriate and such modifications
thereof, deletions therefrom and additions thereto as may be necessary and appropriate and
approved by legal counsel to the Authority and by the officers authorized herein to execute said
documents prior to their execution; and said officers are hereby authorized to approve said
changes on behalf of the Authority. The execution of any instrument by the appropriate officers
of the Authority herein authorized shall be conclusive evidence of the approval of such document
in accordance with the terms hereof. This resolution shall not constitute an offer and the
Conveyance Documents shall not be effective until the date of execution thereof as provided
herein.
4. In the event of absence or disability of the officers, any of the documents
authorized by this resolution to be executed may be executed without further act or authorization
of the Board by any duly designated acting official, or by such other officer or officers of the
Board as, in the opinion of the City Attorney, may act in their behalf. Upon execution and
delivery of the Conveyance Documents, the officers and employees of the Board are hereby
authorized and directed to take or cause to be taken such actions as may be necessary on behalf
of the Board to implement the Conveyance Documents.
Approved by the Board of Commissioners of the City of Monticello Economic
Development Authority on February 14, 2024.
ATTEST:
Ex utive Director
2
President