City Council Resolution 1990-11Councilmember Dan Bloniaen introduced the following
resolution, the reading of which was dispensed with by unanimous
consent, and moved its adoption:
CITY OF MONTICELLO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION N0. 90-11
RESOLUTION APPROVING THE ESTABLISHMENT OF THE
DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT
N0. 1, AND THE TAX INCREMENT FINANCING PLAN
FOR TAX INCREMENT FINANCING DISTRICT N0. 1-l
RELATING THERETO.
BE IT RESOLVED by the City Council (the "Council") of
the City of Monticello, Minnesota (the "City"), as follows:
Section 1. Recitals.
1.01. It has been proposed that the City establish
Development District No. 1 and the Tax Increment Financing
Plan for Tax Increment Financing District No. 1-1 therein and
approve and adopt the proposed Tax Increment Financing Plan with
respect thereto, all pursuant to and in accordance with Minnesota
Statutes, Sections 469.124 through 469.134, inclusive, and
Minnesota Statutes, Sections 469.174 through 469.179, inclusive.
1.02. The Council has investigated the facts and has
caused to be prepared a Development Program for Development
District No. 1, and describing the action to be undertaken by the
City to aid the development of Development District No. 1.
1.03. The City has performed all actions required by
law to be performed prior to the establishment of Development
District No. 1, and the adoption of the Tax Increment Financing
Plan for Tax Increment Financing District No. l-1 relating
thereto.
Section 2. Findings for the Establishment of
Develo ment District No. 1.
2.01. The Council hereby finds that the establishment
of the Development Program for Development District No. 1
and the establishment of the Tax Increment Financing Plan for
Tax Increment Financing District No. 1-1 are intended and, in
the judgement of this Council, its effect will be, to provide
an impetus for commercial and industrial development in
the City, to increase employment, and otherwise promote certain
public purposes and accomplish certain objectives as specified in
the Development Program.
solution 90-11
Paye 2
Section 3. Findings for the Establishment of Tax
Increment Financing District No. 1-1.
3.01. The Council hereby finds that Tax Increment
Financing District No. 1-1 consists of a project, or a portion
of a project, not meeting the requirements found in the
definition of a redevelopment district, a housing district, or a
soils correction district, but which the Council finds to be in
the public interest because: (a) it will discourage commerce,
industry or manufacturing from moving their operations to another
state; or (b) it will result in increased employment in the
municipality; or (c) it will result in the preservation and
enhancement of the tax base of the municipality.
3.02. The Council further finds that the proposed
development, in the opinion of the Council, would not occur
solely through private investment within the reasonably
foreseeable future and, therefore, the use of tax increment
financing is deemed necessary; that the Tax Increment
Financing Plan conforms to the general plan for the develop-
ment or redevelopment of the City as a whole; and that the
Tax Increment Financing Plan will afford maximum opportunity
consistent with the sounds needs of the City as a whole, for
the development of Tax Increment Financing District No. 1-1 by
private enterprise.
3.03. The Council further finds that the establishment of
Tax Increment Financing District No. 1-1 is intended and, in the
judgement of this Council, its effect will be, to promote the
public purposes and accomplish the objectives specified in the
Tax Increment Financing Plan.
3.04. The Council further finds, declares and deter-
mines that the City made the above findings stated in
Section 3 and has set forth the reasons and supporting facts
for each determination in writing, attached hereto as
Exhibit A.
Section 4. Approval of the Develo ment Program and
Tax Increment Financing Plan.
4.01. The Development Program for Development District No.
1, and the Tax Increment Financing Plan for Tax Increment
Financing District No. 1-1 are hereby approved and adopted and
shall be placed on file in the office of the Clerk at City Hall.
solution 90-11
~e 3
The motion for the adoption of the foregoing Resolution
was duly seconded by councilmember Shirley Anderson , and
upon vote being taken thereon, the following voted in favor
thereof:
Ken Maus, Fran Fair, Warren Smith, Shirley Anderson, Dan Blonigen
and the following voted against the same:
None.
Dated: March 26
1990.
Mayor
T:/.
(~ ~~~~~C.Gc~
erk
EXHIBIT A TO RESOLIITION NO. 90-11
The reasons and facts supporting the findings for the
establishment of the Tax Increment Financing Plan for Tax
Increment Financing District No. 1-1 as required pursuant
Minnesota Statutes, Section 469.175, Subdivision 3, are as
follows:
1. Finding that Tax Increment Financing District No. 1-1
is an "economic development district" as defined in
Minnesota Statutes, Section 469.174, Subdivision 12.
Please refer to Exhibit II-B of the Tax Increment
Financing Plan for Tax Increment Financing District
No. 1-l.
to
2. Finding that the proposed development, in the opinion of
the Council, would not occur solely through private in-
vestment within the reasonable foreseeable future and,
therefore, the use of tax increment financing is deemed
necessary.
City staff has reviewed the available financing costs
associated with this development. Due to the high costs of
the public improvements, the project would not be financially
feasible without the City's assistance.
3. Finding that the Tax Increment Financing Plan conforms
to the general plan for the development or redevelopment
of the municipality as a whole.
The Monticello Planning Commission reviewed the Tax Increment
Financing Plan for Tax Increment Financing District No. 1-1
on March 6, 1990, and determined that the Tax Increment
Financing Plan for Tax Increment Financing District No. 1-1
conforms to the comprehensive plan of the City.
4. Finding that the Tax Increment Financing Plan for Tax
Increment Financing District No. 1-1 will afford maximum
opportunity consistent with the sound needs of the City
as a whole, for the develoment of Development District
No. 1 by private enterprise.
The project includes the construction of a R-Mart facility
north of Interstate 94. The Tax Increment Financing funds
will be used to realign a collector street which the City
feels is necessary to improve safety and traffic flow.
STATE OF MINNESOTA
COUNTY OF WRIGHT
CITY OF MONTICELLO
)ss.
I, the undersigned, being the duly qualified Clerk of
the City of Monticello, Minnesota, DO HEREBY CERTIFY that I
have carefully compared the attached and foregoing extract
minutes of a meeting of the City Council of said City held
date therein indicated with the original minutes thereof on
in my office d th t h
of
on the
file
an a t e same is a full, true, and correct
transcript thereof insofar as said minutes relate to Resolution
No. .
WITNESS my hand officially and the official seal of the
City this day of 1990.
Clerk
(SEAL)