City Council Resolution 2025-19CITY OF MONTICELLO
WRIGHT COUNTY, MINNNESOTA
RESOLUTION NO. 2025-19
RESOLUTION ADOPTING ASSESSMENT PURSUANT TO TERMS OF DEVELOPMENT CONTRACT
AND ASSESSMENT AGREEMENT
WHEREAS, the City of Monticello and Monticello Hospitality Group LLC, the successor
Owner and Developer of Lots 3 and 4, Block 1 of the plat of Deephaven 3, are party to a
Development Contract dated March 3, 2023 ("Development Contract"); and
WHEREAS, the Contract provides for the City to levy certain special assessments against
the project property for trunk area utility charges as specified in the Contract; and
WHEREAS, the City's adopted Assessment Policy further provides for the City to levy
certain special assessments against the project property for Sewer Availability Charges (SAC) and
Water Availability Charges (WAQ and
WHEREAS, Monticello Hospitality Group LLC has entered into a Sewer and Water
Availability and Connection and Trunk Area Assessment Agreement dated March 10, 2025; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MONTICELLO,
MINNESOTA:
1. The Assessment Agreement and the assessments identified therein shall be allocated to
each lot in the plat and payable pursuant to the terms of the Assessment Agreement.
2. The Development costs of $573,881.29 are hereby adopted and shall constitute a
special assessment against the property identified in the Assessment Agreement 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 2026, and shall bear interest at the rate of 9% per annum on the remaining
principal balance each year. Interest will begin to accrue on the principal balance
commencing from the date of the assessment agreement. 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, 2025, 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.
1
CITY OF MONTICELLO
WRIGHT COUNTY, MINNNESOTA
RESOLUTION NO. 2025-19
Such payment must be made before November 15 or interest will be charged through
December 31 of the next succeeding year.
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 10th day of March, 2025, by the City Council of the City of Monticello,
Minnesota.
ATTEST:
if
Je nifer Sc r i er City Clerk
MONTICELLO CITY COUNCIL
A i
By: i
Lloyd Hi gart, May r
V,
CITY OF MONTICELLO
WRIGHT COUNTY, MINNNESOTA
RESOLUTION NO. 2025-19
"EXHIBIT "A"
[ASSESSMENT AGREEMENT]