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City Council Resolution 2021-34CITY OF MONTICELLO WRIGHT COUNTY, MINNESOTA RESOLUTION NO. 2021-34 RESOLUTION OPTING TO PARTICIPATE IN THE WRIGHT COUNTY ECONOMIC DEVELOPMENT AUTHORITY WHEREAS, the City of Monticello is located within Wright County, Minnesota; and WHEREAS, pursuant to a resolution adopted by the Board of Commissioners of the County on November 24, 2020, the County established the Wright Count Economic Development Authority (the "EDA") in accordance with Minnesota Statutes, Sections 469.0900 through 469.1082, as amended; and WHEREAS, Section 469.1082, subdivision 5 of the EDA Act provides that the area of operation of the EDA shall include all cities and townships within the County that have adopted resolutions electing to participate in the EDA; and WHEREAS, the City Council of Monticello has determined that it is in the best interests of the City to elect to participate in the EDA; and WHEREAS, the City of Monticello may make an election to withdraw from participation in the EDA every fifth year following the adoption on the resolution electing to participate, all in accordance with the terms of Section 469.1082, subdivision 5 of the EDA Act; a n d WHEREAS, notwithstanding Section 469.1082, subdivision 5, if the EDA enacts and EDA levy, the EDA will notify the City of Monticello of the enactment of such levy and the City shall have the opportunity to withdraws its participation in the EDA prior to the levy going into effect; and NOW, THEREFORE, BE /T RESOLVED, by the City Council of the City of Monticello, Minnesota, as follows: 1. The City of Monticello herby elects to participate in the EDA. 2. The election to participate in the EDA shall take effect on the date of adoption of this approval and may only be withdrawn in accordance with Section 469.1082, subdivision 5 of the EDA Act. ADOPTED this 24th day of May, 2021, by the City Council of the City of Monticello, Minnesota. MONTICELLO CITY COUNCIL ATTEST: JebAfer Schreiber, City Clerk