City Council Resolution 2016-89CITY OF MONTICIELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2016 -089
APPROVING A PUBLIC IMPROVEMENT AND SPIECIAL ASSESSMENT
AGREEMENT BETWEEN THE CITY G F MO TI[CIELLO AND PROPERTY AT 213
3RD STREET EAST
WHEREAS, the City of Monticello wishes to enter into an assessment agreement with the
property at 213 3rd Street East in Monticello for the 2016 Street Reconstruction Project as
provided in the Public Improvement and Special Assessment Agreement I (Attachment "A "); and
WHEREAS, the property owner shall be immediately assessed at a single family residential rate
of $4,500 for a term of ten years with a 4% interest rate; and
WHEREAS, the property shall be subject to deferred assessment, with interest, due to the City at
the time the building permit is issued in accordance with Attachment A. ;
NO W THEREFORE, BE IT RESOL VED B Y THE CITY CO UNCIL OF MONTICELL 0,
MINNESOTA: that the City Council approves the Public Improvement and Assessment
Agreement for the property at 213 3rd Street East identified as 155010069020.
ADOPTED BY the Monticello City Council this 28th day of November, 2016.
CITY OF MO T CELLO
Brian Stumpf, May r
ATTEST:
Jef eill, City Administrator