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City Council Summary Ordinance 854ASUMMARY ORDINANCE NO. 854A CITY OF MONTICELLO WRIGHT COUNTY, MINNESOTA A SUMMARY ORDINANCE AMENDING MONTICELLO CITY CODE TITLE III, ADMINISTRATION ESTABLISHING AN AFFORDABLE HOUSING TRUST FUND FOR THE CITY OF MONTICELLO NOTICE IS HEREBY GIVEN that, on July 28, 2025, Ordinance 854 was adopted by the City Council of the City of Monticello, Minnesota. Due to its lengthy nature the following Summary Ordinance 854A was prepared for publication as authorized by state law. The ordinance adopted by the Council amends the Monticello City Code, Title III, Administration, by adding the following sections: Chapter 38: Affordable Housing Trust Fund §38.01 Definitions §38.02 Establishment of Affordable Housing Trust Fund §38.03 Administration of the Affordable Housing Trust Fund §38.04 Funding for Affordable Housing Trust Fund §38.05 Funding Uses §38.06 Terms and Conditions of Funding §38.07 Annual Reporting A printed copy of the whole ordinance is available for inspection by any person during the City's regular office hours. The complete ordinance will be posted on the City's website following publication. APPROVED FOR PUBLICATION by the City Council of the City of Monticello, Minnesota, this 28t" day of July, 2025. CITY OF MONTICELLO TTEST: Lloyd Hilgart, Vayor Jknnifeq$cl reiker, City Clerk VOTING IN FAVOR: Christianson, Gabler, Hilgart, Hinz, and Martie VOTING IN OPPOSITION: None