City Council Resolution 2026-25 (Wiha)DCITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION 2026-25
RESOLUTION APPROVING A SECOND AMENDMENT TO MINNESOTA
INVESTMENT FUND GRANT AND LOAN AGREEMENTS IN CONNECTION
WITH WILLI HAHN CORPORATION AND A COMPLIANCE DATE EXTENSION
TO A BUSINESS SUBSIDY PROVIDED THEREIN
Section 1. Recitals.
1.01. To assist Willi Hahn Corporation, a Minnesota corporation (the "Borrower"), in
financing the purchase of machinery and equipment (the "Equipment") to be installed in
connection with the construction of an approximately 74,800 square foot facility for
manufacturing (the "Facility") on real property located in the City of Monticello, Minnesota (the
"City"), the City previously applied for and received a Minnesota Investment Fund ("MIF") grant
and entered into a Grant Agreement (the "Original Grant Agreement") with the Minnesota
Department of Employment and Economic Development ("DEED") in connection with the grant
of MIF funds in the amount of $220,000 (the "MIF Grant"), which the City loaned to the
Borrower to finance a portion of the Equipment pursuant to a Minnesota Investment Fund Loan
Agreement (the "Original Loan Agreement") between the City and the Borrower, which
provided the MIF Grant to the Borrower as a forgivable loan.
1.02. The Borrower previously requested a change in the benefit date to reflect the
date when equipment financed was fully operational in accordance with the certificate of
occupancy issued on the Facility, and DEED and the City entered into a First Amendment to the
Grant Agreement, dated as of October 30, 2025 (the "First Grant Agreement Amendment" and
with the Original Grant Agreement, the "Grant Agreement") and the City and the Borrower
entered into a corresponding First Amendment to the Loan Agreement, dated as of October 30,
2025 (the "First Loan Agreement Amendment" and with the Original Loan Agreement, the
"Loan Agreement").
1.03. The Loan Agreement includes a business subsidy agreement under Minnesota
Statutes, Sections 116J.993 to 116J.995, as amended (the "Business Subsidy Act"), which sets
forth certain job and wage goals to be satisfied by the Borrower prior to the compliance date as
set forth in the Grant Agreement and the Loan Agreement (the "Compliance Date").
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1.04. The Borrower has requested an extension of the Compliance Date for up to one
year and the City Council of the City (the "Council") held a duly noticed public hearing on this
date hereof as required by Section 116J.994, subdivision 5 of the Business Subsidy Act regarding
the extension of the Compliance Date.
1.05. DEED has agreed to the extension of the Compliance Date and is preparing
necessary documents to reflect the extension, including but not limited to, a Second
Amendment to the Grant Agreement (the "Second Grant Agreement Amendment") and a
Second Amendment to the Loan Agreement (the "Second Loan Agreement Amendment") to
extend the Compliance Date.
Section 2. Approval of Second Grant Agreement Amendment and Second Loan Agreement
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2.01. The City hereby finds, determines and declares that the extension of the
Compliance Date requested by Borrower is in the public interest of the City.
2.02. The Loan Agreement and the Second Grant Agreement Amendment, to be
prepared in a form consistent with the intent of this resolution, together with any related
documents necessary in connection therewith (collectively, "Amendment Documents"), are
hereby authorized and approved. The City Council hereby delegates the authority to the Mayor
and City Administrator to execute the Amendment Documents to which the City is a party when
prepared and finalized, on behalf of the City and to carry out, on behalf of the City, the City's
obligations thereunder when all conditions precedent thereto have been satisfied.
2.03. The approval hereby given to the Amendment Documents includes approval of
such additional details therein as may be necessary and appropriate and approved by legal counsel
to the City and by the officers authorized herein or by the City to execute said documents prior to
their execution; and said officers are hereby authorized to approve said changes on behalf of the
City. The execution of any instrument by the appropriate officers of the City shall be conclusive
evidence of the approval of such document in accordance with the terms hereof. In the event of
absence or disability of the officers, any of the documents authorized to be executed by this
Resolution 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
City Attorney, may act on their behalf.
2.04. Upon execution and delivery of the Amendment Documents, the officers and
employees of the City are hereby authorized and directed to take or cause to be taken such
actions as may be necessary on behalf of the City to implement the Amendment Documents,
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when all conditions precedent thereto have been satisfied.
Approved by the City Council of the City of Monticello this 13t" day of April, 2026.
Mayoo4*
ATTEST:
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