City Council Resolution 2026-15 (Conceyance Business subsidy kids haven)CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION 2026-15
Date
I L,
Motion By ouvlc,c1 wm,�(y
Resolution No. Z 02— tc,) _ L
Seconded By (vru"KLey �VV5�a,V�SDVI
RESOLUTION APPROVING THE CONVEYANCE OF CERTAIN REAL PROPERTY AND A BUSINESS
SUBSIDY
WHEREAS, the City of Monticello ("City") owns real property legally described as Outlot C,
Jefferson Commons, according to the recorded plat thereof, Wright County, Minnesota
consisting of approximately 7.01 acres ("City Property" ); and
WHEREAS, Kid's Haven of Monticello Holdings, LLC ("Buyer") desires to acquire a 2.93 acre
portion of the City Property to lease to Kid's Haven of Monticello, LLC ("Tenant") for development
of a new 26,704 sq. ft. childcare center; and
WHEREAS, Buyer desires to plat the City Property as Lot 1, Block 1 and Outlot A, Jefferson
Commons Fifth Addition and acquire Lot 1, Block 1 of the Plat ("Subject Property") from the City for
the childcare center; and
WHEREAS, the City proposes to convey the Subject Property to Buyer, subject to Buyer
and Tenant entering into the Contract for Private Development Agreement presented to the City
Council ("Contract") which includes a business subsidy in the form of a loan in the amount of
$258,926 for a portion of the purchase price of the land, with the understanding that the Subject
Property will be developed into a child care center and be maintained as such for a minimum
period of five (5) years; and
WHEREAS, maintaining ownership of the Subject Property by the City would not serve the
public interest; and
WHEREAS, the City believes that the terms of the Contract are reasonable and the
conveyance of the Subject Property is in the best interest of the City; and
WHEREAS, Minn. Stat. §462.356, subd. 2 requires that the Planning Commission review
the City's proposed disposal of real property for compliance with the comprehensive plan and to
report to the City Council in writing its findings; and
238658vl
WHEREAS, the Planning Commission has reviewed the proposed conveyance of the Property
and has found that the conveyance is consistent with the City's comprehensive plan; and
WHEREAS, as required under Minn. Stat. 116J. 994, subd. 5, a hearing has been held on the
proposed business subsidy to be granted for the conveyance of the Subject Property preceded by
the required public notice.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Monticello, Minnesota:
1. The Contract for Private Development is hereby approved; and
2. The Mayor and City Administrator are authorized to execute any documents which, in the
opinion of the City Attorney, are necessary to complete this transaction.
ADOPTED this 91" day of March, 2026, by the City Council of the City of Monticello,
Minnesota.
CITY OF MONTICELLO
By:
Lloyd Hilgavt, May r
ATTEST:
L �yu ' A %/V Ad,
ttr Sc eib r, ity Clerk
238658v1
HEREBY CERTIFY that the above is a true and correct copy of a resolution presented to and
adopted by the Municipality of Monticello, County of Wright, State of Minnesota, at a duly
authorized Municipal Council Meeting held in the Municipality of Monticello, Minnesota on the
911 day of March, 2026, as disclosed by the records of said Municipality on file and of record in
the office.
Municipality of Monticello
Jenn fer Sch ib r City Clerk