HRA Resolution 2002-08HRA RESOLUTION NO. 02 -08
A RESOLUTION BY THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MONTICELLO, MINNESOTA,
AUTHORIZING THE DISPOSITION OF RAW LANDS.
WHEREAS, the Housing and Redevelopment Authority in and for the City of Monticello (the
"Authority "), the City of Monticello (the "City "), and Hans Hagen Homes, Inc. (the
"Developer ") agree to the terms, conditions, and covenants of the Contract for Private
Development by and among Hans Hagen Homes, Inc. and Housing and Redevelopment
Authority in and for the City of Monticello and the City of Monticello, Minnesota, dated April
22, 2002; and
WHEREAS, the Housing and Redevelopment Authority in and for the City of Monticello
declares the said raw lands for disposition lie with the Modified Redevelopment Plan for Central
Monticello Redevelopment Project No. 1; and
WHEREAS, the Housing and Redevelopment Authority in and for the City of Monticello
declares the said raw lands for disposition lie with the Tax Increment Plan for Tax Increment
Finance District No. 1 -22; and
WHEREAS, the Housing and Redevelopment Authority in and for the City of Monticello owns
and shall prepare the said raw lands according to the grading plan attached to the Contract for
Private Development; and
WHEREAS, the Housing and Redevelopment Authority in and for the City of Monticello
declares proper notice appeared in the Monticello Times relating to the public hearing held on
June 17, 2002, for the disposition of the said raw lands; and
WHEREAS, the Housing and Redevelopment Authority convened the public hearing of June 17,
2002, on June 18, 2002, for the disposition of the said raw lands; and
WHEREAS, the Housing and Redevelopment Authority in and for the City of Monticello and
Hans Hagen Homes, Inc. agree the developer shall construct upon the said raw lands 10 owner -
occupied townhouses, each with a minimum square footage of at least 1,600 square feet by July
1, 200").
WHEREAS, the Housing and Redevelopment Authority in and for the City of Monticello and
Hans Hagen Homes agree the minimum market value to be at least $1,900,000 for the sum total
of the 10 townhouses as of January 1, 200' ); and
HRA Resolution No. 02_0s continued
WHEREAS, the Housing and Redevelopment Authority in and for the City of Monticello and
Hans Hagen Homes, Inc. agree to a purchase price of Three Hundred Thousand Dollars and No
Cents ($300,000) for the disposition of the raw lands described as:
Lot 6 and the Southeasterly 33.00 feet of Lot 7, as measured at right angles to the
Southeasterly line thereof, Block 54, Townsite of Monticello, Wright County, Minnesota.
Lot 7, Block 54, Townsite of Monticello except therefrom the Easterly 33 feet thereof, and
Lot 8, in Block 541 of the Village of Monticello, Wright County, Minnesota.
That part of Lots 9 and 10, Block 54, in the City of Monticello, according to plat by John O.
Haven on file and of record in the office of the County Recorder, in and for the County of
Wright, State of Minnesota, described as follows: Commence at the Northwesterly corner of Lot
10 in said Block 54; thence running in an Southerly direction along the Westerly line of said Lot
10, 80 feet; thence in an Easterly direction parallel to the Northerly line of said Lots 9 and 10,
132 feet to the Easterly line of said Lot 9; thence in a Northerly direction along the Easterly line
of said Lot 91 80 feet; thence in a Westerly direction along the Northerly line of said Lots 9 and
10, 132 feet to the place of beginning, situated in Wright County, Minnesota.
Lots 9 and 101 Block 54, except the North 80 feet, Monticello, according to the plat and of
record in the Office of the County Recorder, in and for the County of Wright, State of Minnesota.
NOW, THEREFORE, BE IT RESOLVED by the governing body of the Housing and
Redevelopment Authority in and for the City of Monticello finds the redevelopment to be in the
public interest because:
1. It provides maximum opportunity for redevelopment by private enterprise,
consistent with the objectives of the Modified Redevelopment Plan for the Central
Monticello Redevelopment Project No. 1 as a whole.
2. It will encourage redevelopment of an area in a manner that will increase the
financial base of the City of Monticello and improve the source of public revenue.
3. It will provide adequate street, utilities, and other public improvements and
facilities to enhance the area for both existing and new development.
4. It will eliminate blighting influences which impede the potential development of
an area.
5. It will provide redevelopment sites of such size and character to assure
development of the area.
2
HRA Resolution No. 0z_n,q continued
6. It allows the acquisition and removal of buildings that are structurally substandard
and /or buildings that are economically or functionally obsolete.
7. It will accomplish the optimum quality of development for the project through site
planning and landscape architecture, the treatment of open space, building design,
the use of materials, scale, appropriateness, and functional utility.
8. It is consistent with the City of Monticello Comprehensive Plan.
The Housing and Redevelopment Authority in and for the City of Monticello, Minnesota, does
hereby authorize the disposition of described raw lands to Hans Hagen Homes, Inc. subject to
compliance of the Contract for Private Development dated April 22, 2002.
Adopted by the Monticello Housing, d Redevelopment Authority in and for the City of
Monticello, Minnesota, this ` day of June, 2002.
ATTEST:
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IIRA Executive Director
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HRA/Chairperson
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