City Council Resolution 2022-97CITY OF MONTICELLO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2022-97
RESOLUTION APPROVING A MINNESOTA INVESTMENT FUND GRANT FOR
THE PURPOSE OF PROVIDING A LOAN TO WILLI HAHN CORPORATION
Section 1. Recitals.
1.01. Willi Hahn Corporation, a Minnesota corporation (the "Borrower"), desires to
finance the purchase of machinery and equipment (the "Equipment") to be installed in
connection with the construction an approximately 78,400 square foot facility for manufacturing
(the "Facility") on real property located in the City of Monticello, Minnesota (the "City"), and
the Borrower has requested financial assistance from the City to purchase the Equipment.
1.02. The City applied for and received a Minnesota Investment Fund ("MIF") grant
(the "Grant") and has received and reviewed a Grant Agreement (the "Grant Agreement") with
the Minnesota Department of Employment and Economic Development in connection with the
grant of MIF funds in the amount of $220,000, which will be loaned to the Borrower to finance a
portion of the Equipment.
1.03. On June 27, 2022, the City Council of the City (the "City Council") conducted a
duly noticed public hearing on the Grant at which all interested parties were given an opportunity
to provide comments.
Section 2. Approval of Grant Agreement and Related Documents.
2.01. The City Council hereby finds, determines and declares that it is in the public
interest of the residents of the City that the project as described in the Grant Agreement be
undertaken in the City.
2.02. The Grant Agreement as presented to the City Council is hereby in all respects
approved, in substantially the form submitted, together with any related documents necessary in
connection therewith (collectively, the "Grant Documents"), and the Mayor and City Administrator
are hereby authorized and directed to execute the Grant Documents on behalf of the City and to
carry out, on behalf of the City, the City's obligations thereunder.
2.03. The approval hereby given to the Grant Documents includes approval of such
additional details therein as may be necessary and appropriate and such modifications thereof,
deletions therefrom and additions thereto as may be necessary and appropriate and approved by
legal counsel to the City and by the Mayor and City Administrator prior to executing said
documents; and said officers are hereby authorized to approve said changes on behalf of the City.
The execution of any instrument by the Mayor and City Administrator shall be conclusive evidence
of the approval of such document in accordance with the terms hereof. In the event of absence or
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disability of said officers, any of the documents authorized by this resolution to be executed may be
executed without further act or authorization of the Council by any duly designated acting official,
or by such other officer or officers of the Council as, in the opinion of the City Attorney, may act in
their behalf.
Approved by the City Council of the City of Monticello this 12th day of September, 2022.
Mayor
ATTEST:
ty Cl
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