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City Council Resolution 2024-48CITY OF MONTICELLO RESOLUTION NO. 2024-48 RESOLUTION AUTHORIZING ENTERING INTO A GRANT AGREEMENT WITH MN -DEED FOR A COMMUNITY ENERGEY TRANSITION (CET) GRANT FOR COMPLETION OF TRUNK UTILITY INFRASTRUCTURE TO THE NORTHWEST GROWTH AREA WHEREAS, The Minnesota Department of Employment and Economic Development (MN - DEED) Community Energy Transition (CET) Grant Program is a newly created funding assistance initiative to support Minnesota communities where major power generating facilities have recently closed or are scheduled to close in coming years; and WHEREAS, The City of Monticello applied to MN -DEED for grant assistance through the CET Grant program in the amount of $1,000,000 to fund a proposal to extend Trunk Sewer and Water lines to the City of Monticello's identified Northwest Growth Area; and WHEREAS, The City of Monticello has been notified by MN -DEED that its CET Grant application submittal has been approved for the proposed scope of work consisting of extending Trunk Utility Sewer and Water lines to the Northwest Growth Area in the amount of $1,000,000; NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF MONTICELLO THAT. - The City of Monticello accepts the CET grant award from the MN -DEED in the amount of $1,000,000 to be used to fund the extension of Trunk Utility lines to the Northwest Growth Area. 2. The fiscal agent for the City of Monticello for the CET grant funds is: Rachel Leonard City Administrator City of Monticello 505 Walnut Street, Suite #1 Monticello, MN 55362 Adopted by the Monticello City Council on this 101" day of June, 2024. TTEST: X lV V� Je nifer Sc rei er City Clerk Lloyd Hifgart, 'May(Ar