HRA Resolution 1985-5HRA RESOLUTION 1985 #5
A RESOLUTION APPROVING MODIFICATION NO. 2,
DATED NOVEMBER 12, 1985, TO THE MONTICELLO
REDEVELOPMENT PROJECT PLAN BY THE
MONTICELLO HOUSING AND REDEVELOPMENT
AUTHORITY PURSUANT TO THE PROVISIONS OF
MINNESOTA STATUTES, SECTION 4620411, et seq.
WHEREAS, The Housing and Redevelopment Authority in and for the
City of Monticello (the "Authority ") is carrying out the Monticello
RPr tC1117Pl nrnment Project ( the "Pro 'ect" J and Rede:Velo ai
J p ent Plan ( the "Plan"),
pursuant to the approval of the City Council of the City of Monticello
(the "City "); and
WHEREAS, Section 4620525, Subdo 6, of the Municipal Housing and
Redevelopment Act (the "Housing Act ") provides that a redevelopment
project may be modified at any time provided that the modification shall
be adopted by the Authority and the City Council of the City upon such
notice and after such public hearing as is required for the original
adoption of the Plan; and
WHEREAS, the Authority recommends that the project be undertaken
as rapidly as possible and be financed with local funds including tax
increment financing as authorized by Minnesota Statutes, Sections 273071
through 273.78; and
WHEREAS, in connection with the undertaking of certain project
modifications by the Authority pursuant to the Minnesota Municipal Housing
and Redevelopment Act, Minnesota Statutes, Section 462.411 et seq. the
approval by the Board of Commissioners (the "governing body ") of the
Authority of the redevelopment plan for the project area involved in
such undertaking is required by the local governing body before it will
consider for approval said Redevelopment Plan; and
WHEREAS, there was presented to this meeting of the governing
body of the Authority for its consideration and approval, a copy of
a housing and redevelopment plan for said project area dated November 12,
1985, which plan is entitled the Redevelopment Project Plan Modification
#2; and
WHEREAS, the Authority adopts the tax increment financing plan
as part of the method of financing; and
WHEREAS, the Authority has prepared Modification No. 2, dated
November 12, 1985, to the Plan ( "Modification No. 211) and submitted
Modification No® 2 to the City Planning Commission of the City of Monticello
(the "Planning Commission ") for its review and opinion; and
NOW THEREFORE BE IT RESOLVED by the governing body of the Housing
and Redevelopment Authority in and for the City of Monticello:
1. That the redevelopment project area described in said Redevelopment
Project Plan Modification No. 2 dated November 12, 1985, contains blighted
and deteriorated or deteriorating areas as defined in the Minnesota
Municipal Housing and Redevelopment Act, Minnesota Statutes, Section
462°421, Subdivision 13, and requires public assistance in order to
eliminate said blighted, deteriorating and economically obsolete areas.
HRA Resolution 1985 #5
Page 2
20 The said Plan and Project will carry out the purpose and
policy of the Municipal Housing and Redevelopment Act of the State of
Minnesota, Minnesota Statutes, Section 462,415 to 462.711 as set forth
in Section 462.415.
3m The said Redevelopment Plan is hereby in all respects approved
and the Secretary is hereby directed to file said Redevelopment Plan
with the Minutes of this meeting.
/I 7l l -44 L P l-- d .L_ the City it_ r i_
.t e r.Ny L-Lca L..LV, is t1Ci C1✓y" uidUC L Li1C 1,1. L I.VlLnGI C)r T Ile city
of Monticello, the governing body of the City in which said project
is located, for the approval of said Plan and project area, and the
staff of this Authority is authorized to transmit said Plan to said
City Council, together with a copy of this Resolution, a plan for financing
the project including the adoption of the tax increment financing plan
and to take such other action as the said staff may deem necessary and
advisable in order to secure from said City Council its approval of
said Plan and project. Said City Council is hereby requested to hold
a public hearing on said Redevelopment Project Plan Modification No.
2 after giving published notice of the date, time, place and purpose
of such hearing in a newspaper of general circulation in the City of
Monticello, such notice to be published at least ten days and no more
than 30 days prior to the date of the hearing.
Said City Council is hereby requested to approve said Plan and
project modification and to find by Resolution that: (1) the land in
the project area would not be made avilable for redevelopment without
the financial aid to be sought; (2) the redevelopment plan for the redevelopment
project in the locality will afford maximum opportunity, consistent
with the sound needs of the locality as a whole, for the redevelopment
of such areas by private enterprise; and (3) the redevelopment plan
and tax increment financing plan conforms to a general plan for the
development of the locality as a whole, and (4) that the project will
result in improved housing, increased employment in the municipality
and will result in the preservation and enhancement of the tax base
of the municipality, and (5) that the plan for relocation, of the individuals
and families displaced in carrying out the Project in decent, safe and
sanitary dwellings in conformity with acceptable standards in feasible
and can be reasonably and timely effected to permit the proper execution
and completion of the project.
Said staff is hereby authorized and directed to transmit to the
State Department of Energy and Economic Development, Office of Local
Government, certified copies of this Resolution, of said Plan, and other
papers and documents described or referred to in Minnesota Statutes,
Section 4620445, Subdivision 8 of said Municipal Housing and Redevelopment
Act®
Adopted this 12th day of November, 19850
a rman
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