City Council Resolution 2018-25CITY OF MONTICELLO
WRIGHT COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 2018-25
RESOLUTION CALLING PUBLIC HEARING ON THE PROPOSED
ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 1-40
WITHIN CENTRAL MONTICELLO REDEVELOPMENT PROJECT NO. 19
AND THE PROPOSED ADOPTION OF THE TAX INCREMENT FINANCING
PLAN RELATING TO TAX INCREMENT FINANCING DISTRICT NO. 1-40
BE IT RESOLVED by the City Council (the "Council") of the City of Monticello,
Minnesota (the "City"), as follows:
Public Hearing. This Council shall meet on Monday, June 25, 2018, at approximately 6:30
p.m., to hold a public hearing on the proposed establishment of Tax Increment Financing District
No. 1-40 (the "TIF District") within the Central Monticello Redevelopment Project No. 1, and the
proposed adoption of the Tax Increment Financing Plan relating to the TIF District, all pursuant
to and in accordance with Minnesota Statutes, Sections 469.001 through 469.047, both inclusive,
as amended, Minnesota Statutes Sections 469.090 through 469.1081, both inclusive, as amended,
and Minnesota Statutes, Sections 469.174 through 469.1794, both inclusive, as amended
(collectively, the "Act").
1. Notice of Hearing Filingof f Program and Plan. The City Clerk is hereby authorized
to cause a notice of the hearing, substantially in the form attached hereto as Exhibit A, to be
published as required by Minnesota Statutes, Section 469.003, Subdivision 2 and the Act and to
place a copy of the proposed Tax Increment Financing Plan for the TIF District on file in the City
Clerk's Office at Monticello City Hall and to make such copies available for inspection by the
public.
2. Consultation with Other Taxing Jurisdictions. The City Clerk is hereby directed to
mail a notice of the public hearing and a copy of the proposed Tax increment Financing Plan for
the TIF District to Wright County and Independent School District No. 882 informing those taxing
jurisdictions of the estimated fiscal and economic impact of the TIF District.
Adopted by the City Council of the City of Monticello, Minnesota, this 9th day of April,
2018.
Ma r
ATTEST:
C ty Clerk
Exhibit A
CITY OF MONTICELLO
STATE OF MINNESOTA
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the City Council (the "Council") of the City of Monticello, Minnesota,
will hold a public hearing on Monday, June 25, 2018, at approximately 6:30 p.m., in the City Hall Council
Chambers, relating to the proposed establishment of Tax Increment Financing District No. 1-40
within the Central Monticello Redevelopment Project No. 1, and the proposed establishment of
the Tax Increment Financing Plan relating to Tax Increment Financing District No. 1-40, all
pursuant to and in accordance with Minnesota Statutes, Sections 469.001 through 469.047, both inclusive,
as amended and Minnesota Statutes, Sections 469.090 through 469.1081, both inclusive, as amended, and
Minnesota Statutes, Section 469.174 through 469.1794, both inclusive, as amended (collectively, the
"Act"). Copies of the proposed Tax Increment Financing Plan will be on file and available for public
inspection at the office of the City Clerk at City Hall.
The property included within Central Monticello Redevelopment Project No. 1 is described in the
Development Program on file in the office of the City Clerk. The property to be included within the
proposed Tax Increment Financing District No. 1-40 is described in the Tax Increment Financing Plan on
file in the office of the City Clerk. The boundaries of Central Monticello Redevelopment Project No. 1 and
the proposed Tax Increment Financing District No. 1-40 are shown in the adjacent map.
All interested persons may appear at the hearing and present their views orally or in writing prior to the
hearing to City Hall, 505 Walnut Street, Monticello, MN 55362.
[publish on June 14, 2018]
BY ER OF T CITCOUNCIL
/s/
A -Cb
City lerk
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