Loading...
City Council Resolution 2011-75MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY CITY OF MONTICELLO WRIGHT COUNTY, MINNESOTA RESOLUTION NO. 2011-75 REQUESTING THAT THE CITY COUNCIL OF THE CITY OF MONTICELLO CALL FOR A PUBLIC HEARING ON THE PROPOSED ADOPTION OF A MODIFICATION TO THE REDEVELOPMENT PLAN FOR CENTRAL MONTICELLO REDEVELOPMENT PROJECT NO. 1 AND THE PROPOSED MODIFICATION OF THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1-5 BE IT RESOLVED, by the Board of Commissioners (the "Board") of the City of Monticello Economic Development Authority (the "Authority") as follows: WHEREAS, the Central Monticello Redevelopment Project No. 1 (the "Project") was established pursuant to Minnesota Statutes, Sections 469.001 to 469.047, as amended, in an effort to encourage the development and redevelopment of certain designated areas within the City of Monticello; and WHEREAS, the Authority is proposing a modification to the Redevelopment Plan for the Project, and a modification to the Tax Increment Financing Plan for Tax Increment Finance District No. 1-5 (the "TIF District") within the Project (together, the "Modifications"), pursuant to, and in accordance with, Minnesota Statutes, Sections 469.001 to 469.047, Sections 469.090 to 469.1081 and Sections 469.174 to 469.1799, as amended (the "Act"). NOW, THEREFORE BE IT RESOLVED by the Board as follows: 1. The Authority hereby requests that the Council call for a public hearing to be held on September 26, 2011, to consider the proposed Modifications and cause notice of said public hearing to be given as required by law. 2. The Authority directs the Executive Director to transmit copies of the Modifications to the Planning Commission of the City and requests the Planning Commission's written opinion indicating whether the proposed Modifications are in accordance with the Comprehensive Plan of the City, prior to the date of the public hearing. 3. The Executive Director of the Authority is hereby directed to submit a copy of the Modifications to the Council for its approval. 4. The Authority directs the Executive Director to transmit the Modifications to Wright County and Independent School District No. 882 pursuant to the Act. 5. Staff and consultants are authorized and directed to take all steps necessary to prepare the Modifications and related documents and to undertake other actions necessary to bring the Modifications before the Council. Adopted by the Board of Commissioners of the City of Monticello Economic Development Authority this 15th day of August, 2011. President e 771F� c7