City Council Resolution 2025-50CITY OF MONTICELLO
WRIGHT COUNTY
STATE OF MINNESOTA
RESOLUTION 2025-50
RESOLUTION APPROVING AMENDMENT DOCUMENTS TO
LEASE AGREEMENT
BETWEEN THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
AND THE CITY OF MONTICELLO PARKS DEPARTMENT
BE IT RESOLVED by the City Council (the "Council") of the City of Monticello, Minnesota (the
"City") as follows:
WHEREAS, the City of Monticello Economic Development Authority (the "Authority")
owns certain property (the "Property") in the City; and
WHEREAS, the Authority and the City of Monticello Parks Department (the "Tenant")
previously entered into a Lease Agreement, dated December 10, 2018 (the "Original Lease")
pertaining to the commercial building located on the Property at 349 West Broadway in the City;
and
WHEREAS, the Authority and the Tenant entered into an Extension of Lease Agreement,
dated as of May 12, 2021, as amended by a First Amendment to Lease entered into in 2023
(collectively, the "First Amendment" and, together with the Original Lease, the "Lease") to extend
the initial term of the Original Lease.
WHEREAS, the term of the Lease has expired and the Authority and the Tenant wish to
enter into a Second Amendment to Lease Agreement (the "Second Amendment") which will
extend the term of the Lease; and
WHEREAS, the Council has reviewed the Second Amendment and has determined that it
is in the best interests of the Authority to approve and execute the Second Amendment.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Monticello Economic
Development Authority as follows:
1.01. The Council hereby approves the Second Amendment substantially in accordance
with the terms set forth in the forms presented to the Board, together with any related documents
necessary in connection therewith, and without limitation all documents, exhibits, certifications or
consents referenced in or attached to the Second Amendment (collectively, the "Amendment
Documents") and hereby authorizes the Mayor and the City Clerk to negotiate the final terms
thereof and, in their discretion and at such time as they may deem appropriate, to execute the
Amendment Documents on behalf of the Council, and to carry out, on behalf of the Council, the
Council's obligations thereunder when all conditions precedent thereto have been satisfied.
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1.02. The approval hereby given to the Amendment Documents includes approval of such
additional details therein as may be necessary and appropriate and such modifications thereof,
deletions therefrom and additions thereto as may be necessary and appropriate and approved by
legal counsel to the Council and by the officers authorized herein to execute said documents prior
to their execution; and said officers are hereby authorized to approve said changes on behalf of the
Council. The execution of any instrument by the appropriate officers of the Council herein
authorized shall be conclusive evidence of the approval of such document in accordance with the
terms hereof. This Resolution shall not constitute an offer and the Amendment Documents shall not
be effective until the date of execution thereof as provided herein. In the event of absence or
disability of the officers, any of the documents authorized by this Resolution to be executed may be
executed without further act or authorization of the Council by any duly designated acting official,
or by such other officer or officers of the Council as, in the opinion of the Council Attorney, may act
in their behalf.
1.03. Upon execution and delivery of the Amendment Documents, the officers and
employees of the Council are hereby authorized and directed to take or cause to be taken such
actions as may be necessary on behalf of the Council to implement the Amendment Documents.
Approved by the City Council of the City of Monticello, Minnesota this 25th day of August, 2025.
Mayor
ATTEST:
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