Planning Commission Resolution 2022-36 (TIF 1-45 Comp Plan Conformance)CITY OF MONTICELLO
WRIGHT COUNTY, MINNNESOTA
PLANNING COMMISSION
RESOLUTION NO. PC-2022-036
A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF MONTICELLO CONCERNING
A PROPOSED TAX INCREMENT FINANCING DISTRICT AND THE CONVEYANCE OF LAND
THEREIN
WHEREAS, a proposal by the City of Monticello, Minnesota (the "City") and the City of
Monticello Economic Development Authority (the "EDA") to establish Tax Increment Financing
(Redevelopment) District No. 1-45 (Block 52) (the "TIF District") and adopt the Tax Increment
Financing Plan relating thereto (the "TIF Plan"), all pursuant to and in conformity with
applicable law, including Minnesota Statutes, 469.124 to 469.133, as amended, 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 owns certain real property within an area of the City designated as Block 52,
which includes parcels with property identification numbers described in Exhibit A attached hereto
(the "EDA Property"), and propose to convey title to the EDA Property to Deephaven Development
LLC, a Minnesota limited liability company, or an affiliate thereof or entity related thereto (the
"Developer"); and
WHEREAS, the Developer proposes to acquire the EDA Property from the EDA for purposes of
constructing approximately 86 rental housing units and 27,342 square feet of commercial retail
and office space, with approximately 83 lower -level parking spaces and 114 adjacent off-street
parking stalls (the "Project") on the EDA 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 EDA Property to the
Developer, and has determined the proposed acquisition is consistent with the City's
comprehensive municipal plan; and
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 EDA 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 AND DETERMINED by the City of Monticello Planning
Commission that the TIF Plan and the proposed conveyance of the EDA Property are consistent
MN 190-170-775487.v1
CITY OF MONTICELLO
WRIGHT COUNTY, MINNNESOTA
PLANNING COMMISSION
RESOLUTION NO. PC-2022-036
with the comprehensive plan for the City of Monticello and conform to general plans for
development or redevelopment of the City as a whole.
ADOPTED this 18th day of May, 2022, by the Planning Commission of the City of
Monticello, Minnesota.
Paul Konsor, Chair
ATTEST:
Angela �c�uq;(a�n, Community Development Director
MN 190-170-775487.vl
CITY OF MONTICELLO
WRIGHT COUNTY, MINNNESOTA
PLANNING COMMISSION
RESOLUTION NO. PC-2022-036
EXHIBIT A
155010052031
155010052060
155010052070
155010052071
155010052090
155010052101
155010052102
155010052110
155010052120
155010052131
155010052132
155010052140
155010052150
MN 190-170-775487.v 1