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City Council Resolution 2025-39CITY OF MONTICELLO WRIGHT COUNTY., MINNNESOTA RESOLUTION NO. 2025-39 A RESOLUTION REGARDING THE SUPPORT OF A JOB CREATION FUND APPLICATION IN CONNECTION WITH KARLSBURGER FOODS WHEREAS, the City of Monticello Minnesota (the "City"), desires to assist Karlsburger Foods, a food production company, which is proposing to expand its current facility in the City; and WHEREAS, the City of Monticello understands that Karlsburger Foods, through and with the support of the City, intends to submit to the Minnesota Department of Employment and Economic Development (MN -DEED) an application for an award and/or rebate from the Job Creation Fund Program; and, WHEREAS, the City of Monticello held a city council meeting on June 9, 2025, to consider this matter. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MONTICELLO, MINNESOTA, that, after due consideration, the City Council hereby adopts the following findings of fact related to the project proposed by Karlsburger Foods and its application for an award and/or rebate from the Job Creation Fund Program and herein expresses its approval. The City Council hereby finds and adopts the reasons and facts supporting the following findings of fact for the approval of the Job Creation Fund Program application: 1. Finding that the project is in the public interest because it will encourage the growth of commerce and industry, prevent the movement of current or future operations to locations outside of Minnesota, result in increased employment in Minnesota, and preserve or enhance the state and local tax base. Karlsburger Foods indicated that it wants to remodel portions of its current facility and construct a new 3,000 +/- square foot facility and add 10 new FTE staff to its current workforce. The annual property tax increase from the new remodeling and the new additions will be approximately $9,000 +/-. The company leadership has also considered potential sites outside of Minnesota (Florida and Ohio) in its site search process. 2. Finding that the proposed project, in the opinion of the City Council, would not reasonably be expected to occur solely through private investment within the reasonably foreseeable future. Karlsburger Foods has stated that it would not be able to undertake the remodeling and construction project for the new 3,000 square foot additions without financial assistance to fill a gap of approximately $175,000. CITY OF MONTICELLO WRIGHT COUNTY, MINNNESOTA RESOLUTION NO. 2025-39 3. Finding that the proposed project conforms to the general plan for the development or redevelopment of the City as a whole. Karlsburger Foods' current facility is located on a site zoned I-1 (Light Industrial District) in the City. The Comprehensive Plan supports efforts to retain existing businesses and increase the tax base and grow the local economy through new employment opportunities. 4. Finding that the proposed project will afford maximum opportunity, consistent with the sound needs of the City as a whole, for the redevelopment or development of the project by private enterprise. Karlsburger Foods has identified a funding gap and indicates that without assistance it would not be able to move forward with the remodeling of the current facility as well as the construction of 3,000 square feet of additional space at the current building in Monticello. By obtaining a JCF grant, a portion of the necessary funding assistance will be secured. The JCF funding will help ensure that the identified funding gap is filled, and the development of additional facilities can occur as proposed ADOPTED BYthe Monticello City Council this 9th day of June, 2025. ATTEST: Je nifer Sc6ib r, City Clerk CITY OF MONTICELLO Lloyd it , Ma or 0