City Council Resolution 1983-78RESOLUTION ADOPTING MONTICELLO DISTRICT #2
TAX INCREMENT FINANCE PLAN
RESOLUTION 1983-78
WHEREAS, the Monticello Housing and Redevelopment Authority pursuant
to a Resolution passed the 13th day of September, 1983, has adopted the
Monticello District #2 Tax Increment Finance Plan, (a copy of which is
attached hereto) and,
WHEREAS, the Central Monticello Redevelopment Plan in part, states
objectives for redevelopment and economic development, to wit, land
acquisition as an incentive to private enterprise; and,
WHEREAS, pursuant to Minnesota Statutes 273, the City of P~2onticello
is authorized to establish a Tax Increment Redevelopment Finance Plan;
and,
WHEREAS, pursuant to Minnesota Statutes 273, a public hearing was
duly held on September 26, 1983, at which hearing all persons interested
in making comment were allowed to comment; and,
WHEREAS, the City Administrator has submitted to the Superintendent
of School District #882 and the Auditor of Wright County, a copy of such
plan as required by law.
NOW, THEREFORE, be it hereby resolved by the City Council of the City
of Monticello that:
1. The Tax Increment Redevelopment Finance Plan known as Monticello
Tax Increment District #2 Finance Plan be, and the same hereby
is adopted.
2. The City Administrator is directed to transmit a copy of said
plan to the Auditor of Wright County for certification.
Adopted this 26th day of September, 1983.
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Arve A. Grimsmo, Mayor
ATTEST:
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homas A. Eid m
City Administrator