Planning Commission Resolution 2022-05 (Headwaters Comp Plan Consistency)CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
PLANNING COMMISSION
RESOLUTION NO. PC 2022-05
A RESOLUTION OF THE PLANNING COMMISSION OF THE
CITY OF MONTICELLO RECOMMEDING APPROVAL OF A PROPOSED
TAX INCREMENT FINANCING DISTRICT AND THE CONVEYANCE THEREIN
WHEREAS, the proposal by the City of Monticello, Minnesota (the "City") and the Monticello
Economic Development Authority (the "EDA") to establish Tax Increment Financing (Housing)
District No. 1-42 (Headwaters Apartment Project) (the "TIF District") and adopt the Tax
Increment Financing Plan relating thereto (the "TIF Plan"), all pursuant to and in confonnity
with applicable law, including Minnesota Statutes, 469.124 to 469.133 and Sections 469.174 to
469.1794, as amended (the "TIF Act"), has been submitted to the City of Monticello Planning
Commission (the "Commission"); and
WHEREAS, the EDA proposes to convey title to a portion of certain real property with parcel
ID number 155-033-900-010 at the corner of Golf Course Road and 7th Street West (the
"Property") to Headwaters Development LLC, or an affiliate thereof or entity related thereto (the
"Redeveloper"); and
WHEREAS, the Developer proposes to acquire the Property from the EDA for purposes of
constructing an approximately 108-unit rental multi -family housing facility for seniors, with
approximately 75 on -grade and 100 covered parking stalls (the "Project") on the Property; and
WHEREAS, Minnesota Statutes, Section 462.356, subdivision. 2 requires the Commission to
review the proposed acquisition or disposal of publicly -owned real property within the City prior
to its acquisition or disposal, to determine whether in the opinion of the Commission, such
acquisition or disposal is consistent with the comprehensive municipal plan; and
WHEREAS, the Commission has reviewed the proposed conveyance of the Property to the
Developer, and has determined the proposed acquisition is consistent with the City's
comprehensive municipal plan;
WHEREAS, in addition, the Commission has reviewed the TIF Plan to determine the
consistency of the TIF Plan with the comprehensive plan for the City; and
WHEREAS, the Commission's review of the TIF Plan and the conveyance of the Property
relates solely to compliance with the TIF Act and Minnesota Statutes, Section 462.356. The
Commission shall undertake a detailed review of the proposed project described in the TIF Plan
as part of the City's normal planning process on a later date.
NOW THEREFORE, BE IT RESOLVED, by the City of Monticello Planning Commission
that the TIF Plan and the proposed conveyance of the Property are consistent with the
comprehensive plan for the City of Monticello and conform to general plans for development or
redevelopment of the City as a whole.
MN190-170-775487.v1
ADOPTED this 2"d day of February, 2022, by the Planning Commission of the City of
Monticello, Minnesota.
MONTICELLO PLANNING COMMISSION
By: .?
Pau onsor, Chair
ATTEST:
Angela Schur 4my, rpmmunity Development Director
MN 190-170-775487.v1