EDA Resolution #2022-34 (Amd. to Downtow Facade Improvement Program)CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 2022-34
RESOLUTION REVISING THE DOWNTOWN FACADE IMPROVEMENT
PROGRAM'S POLICIES AND PROCEDURES
WHEREAS, the City of Monticello Economic Development Authority (the "Authority") recognizes the
need to encourage investment in commercial and retail buildings in the downtown area of the City of
Monticello, Minnesota (the "City") in order to maintain the economic viability of the City and the City's
downtown; and
WHEREAS, the Authority has previously established the Downtown Fagade Improvement Program (the
"Program") to support a visually and financially appealing downtown and City by providing funds to
improve the facades of existing buildings in the City; and
WHEREAS, the Authority wishes to revise the policies and procedures of the Program (the "Policies
and Procedures") to provide financial assistance in the form of forgivable loans pursuant to Minnesota
Statutes Section 469.192; and
NOW, THEREFORE BE IT RESOLVED BY the Board of Commissioners ("Board") of the City of
Monticello Economic Development Authority (the "Authority") as follows:
1. The Authority hereby approves the Policies and Procedures in substantially the form presented to
the Board.
2. The Authority authorizes all actions necessary to carry out the Policies and Procedures and
implement the Program.
Approved this 9th day of November, 2022, by the Board of Commissioners of the City of Monticello
Economic Development Authority.
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ATTEST:
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Ex cuti Director
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