EDA Resolution #2022-06 Calling Pub Hearing re Land Sale to Suburban Mfg - M&B on ChelseaCITY OF MONTICELLO
ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION #2022-06
AUTHORIZING CALLING A PUBLIC HEARING ON THE CONVEYANCE OF CERTAIN
PROPERTY LOCATED IN THE CITY OF MONTICELLO
WHEREAS, the City of Monticello Economic Development Authority, a body corporate and
politic under the laws of the State of Minnesota (the "Authority"), is the owner of certain real property
located in the City of Monticello, Minnesota (the "City"), and legally described in Exhibit A attached
hereto (the "Property"); and
WHEREAS, the Authority is authorized by Minnesota Statutes, Section 469.105. as amended,
(the "Act") to sell or convey its property if it deten-nines that the sale and conveyance thereof are in the
best interest of the City; and
WHEREAS, M&B on Chelsea, LLC, a Minnesota limited liability company or an affiliate thereof
or an entity thereto (the "Developer"), has proposed to acquire the Property from the Authority and
construct improvements to the Property related to the operation of its business; and
WHEREAS, prior to the conveyance of the Property from the Authority to the Developer under
the Act, the Board of Commissioners of the Authority is required to conduct a public hearing on the
conveyance of the Property; and
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY, AS FOLLOWS:
1. The recitals set forth herein are incorporated into and made a part hereof
2. The Board of Commissioners of the Authority will hold a public hearing regarding the
sale and conveyance of the Property to the Developer on or after Wednesday, April 13, 2022 at 6:00 p.m.
at the Monticello Community Center. The Executive Director of the Authority is authorized and
directed to publish a notice substantially in the form attached hereto as EXHIBIT A in a newspaper of
general circulation in the City at least 10 days but no more than-10 days prior to the date of the hearing.
Adopted by the Board of Commissioners of the City of Monticello Economic Development
Authority this 23rd day of February, 2022.
President
Attest:
EXHIBIT A
NOTICE OF PUBLIC HEARING
NOTICE is hereby given that the Board of Commissioners of the City of Monticello Economic
Development Authority (the "EDA") will meet at the Monticello Community Center, 505 Walnut Street,
Mississippi Room, Monticello, MN 55362 at or after 6:00 p.m. on Wednesday, April 13, 2022, to conduct
a public hearing regarding the sale of certain property owned by the EDA (the "Property"). The Property
is described as follows:
That part of Outlot B, OTTER CREEK CROSSING 4TH ADDITION, according to the recorded
plat thereof, Wright County, Minnesota, which lies easterly of the following described line:
Beginning at the most northerly corner of Lot 1, Block 1, said OTTER CREEK CROSSING 4TH
ADDITION; thence South 37 degrees 52 minutes 15 seconds West, assumed bearing along the common
lot line between said Lot 1 and said Outlot B, a distance of 73.65 feet; thence South 47 degrees 51
minutes 30 seconds West, along said common lot line, a distance of 66.41 feet; thence North 87 degrees
18 minutes 42 seconds West, along said common lot line, a distance of 75.26 feet; thence North 70
degrees 24 minutes 21 seconds West, along said common lot line and its extension, a distance of 150.26
feet; thence South 34 degrees 00 minutes 00 seconds West, a distance of 415.70 feet to the southwesterly
line of said Lot 1, and said line there terminating.
That part of Outlot A, said OTTER CREEK CROSSING 4TH ADDITION, which lies easterly of
the following described line:
Beginning at the hereinbefore point of termination; thence South 34 degrees 00 minutes 00
seconds West, a distance of 35.23 feet to a line parallel with and 35.00 feet southwesterly of the
northeasterly line of said Outlot A, thence South 49 degrees 29 minutes 27 seconds East, along said
parallel line, a distance of 223.19 feet to the southeasterly line of said Outlot A, and said line there
terminating.
The EDA will consider the sale of the land under Minnesota Statutes, Section 469.105. A
summary of the terms and conditions of the land sale is available for public inspection at City Hall. At the
hearing, the EDA will meet to decide if the sale is advisable.
Any persons wishing to express an opinion on the matters to be considered at the public hearing will
be heard orally or in writing.
Dated: , 2022
BY ORDER OF THE BOARD OF COMMISSIONERS
OF THE CITY OF MONTICELLO ECONOMIC
DEVELOPMENT AUTHORITY
/s/Jim Thares
Executive Director
A-1
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