City Council Resolution 2024-38CITY OF MONTICELLO
WRIGHT COUNTY, MINNNESOTA
RESOLUTION NO. 2024-38
RESOLUTION ADOPTING ASSESSMENT PURSUANT TO TERMS OF DEVELOPMENT CONTRACT
COUNTRY CLUB MANOR FOURTH ADDITION
WHEREAS, the City of Monticello and CHC Townhomes II LLC, the Owner and Developer of
the plat of Country Club Manor Fourth Addition, entered into a Development Contract on April 22,
2024 ("Development Contract");
WHEREAS, the Development Contract provides for the City to levy certain special
assessments against the project property for trunk area utility charges as specified in the Contract;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MONTICELLO,
MINNESOTA:
1. The Development Contract between the City and Developer has been approved
pursuant to Resolution No. 2024-037 and the assessments identified therein shall be
allocated equally to each lot in the plat and payable pursuant to the terms of the
Development Contract.
2. The Development costs of $82,570.40 are hereby adopted and shall constitute a special
assessment against the property identified in the Development Contract and hereby
made part of this Resolution by reference and that such property is hereby found to be
benefitted by the proposed improvements in the amount of the assessments levied
against it.
3. Such assessment shall be payable in equal annual installments extending over a period of
five years, the first of the installments to be payable on or before the first Monday in
January 2025, and shall bear interest at the rate of 10% per annum on the remaining
principal balance each year. Interest will begin to accrue on the principal balance
commencing from the date of this Resolution. To each subsequent installment, when
due, shall be added interest for one year on all unpaid installments.
4. The owner of any property so assessed may, at any time prior to November 15, 2024, pay
the whole of the assessment on such property, to the city treasurer, and he/she may, at
any time thereafter, pay to the city clerk the entire amount of the assessment remaining
unpaid, with interest accrued to December 31 of the year in which such payment is made.
Such payment must be made before November 15 or interest will be charged through
December 31 of the next succeeding year.
CITY OF MONTICELLO
WRIGHT COUNTY., MINNNESOTA
RESOLUTION NO. 2024-38
5. The clerk shall forthwith transmit a certified duplicate of this assessment to the county
auditor to be extended on the property tax lists of the county. Such assessments shall be
collected and paid over in the same manner as other municipal taxes.
ADOPTED this 22nd day of April 2024, by the City Council of the City of Monticello,
Minnesota.
MONTICELLO CITY COUNCIL
By:
Lloyd HilgaoMayd*
ATTEST:
JJnifer S eib ity Clerk
CITY OF MONTICELLO
WRIGHT COUNTY, MINNNESOTA
RESOLUTION NO.2024-38
"EXHIBIT "A
[DEVELOPMENT CONTRACT]