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Planning Commission Resolution 2024-08 (118 E Broadway St EDA Acq. Conformance to Comp Plan)CITY OF MONTICELLO WRIGHT COUNTY, MINNESOTA PLANNING COMMISSION RESOLUTION NO. PC-2024-08 A RESOLUTION FINDING THAT THE PROPOSED ACQUISITION OF CERTAIN LAND FOR REDEVELOPMENT PURPOSES BY THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY IS CONSISTENT WITH THE CITY OF MONTICELLO'S COMPREHENSIVE PLAN WHEREAS, the City of Monticello Economic Development Authority (the "Authority") proposes to purchase certain property (the "Property") located at 118 Broadway Street East in the City of Monticello, Minnesota (the "City"), and legally described in Exhibit A attached hereto, for the purposes of redevelopment; and WHEREAS, Minnesota Statutes, Section 462.356, subd. 2, requires the City Planning Commission (the "Planning 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 Planning Commission, such acquisition or disposal is consistent with the City's comprehensive municipal plan (the "Comprehensive Plan"); and WHEREAS, the Planning Commission has reviewed the proposed acquisition of the Property and has determined that the Property is located on Block 34, a key redevelopment site in the Pine Steet subdistrict of the Central Community District, and is designated for mixed use development within the Comprehensive Plan and the City's Downtown Small Area Plan, and that the Authority's purpose is to redevelop the Property consistent with these uses, and that the proposed acquisition is therefore consistent with the Comprehensive Plan. NOW, THEREFORE, BE IT RESOLVED, by the Planning Commission of the City of Monticello, that the acquisition of the Property by the Authority is consistent with the Comprehensive Plan and will promote the successful redevelopment of Block 34 in the City. BE IT FURTHER RESOLVED that this resolution be communicated to the Board of Commissioners of the Authority. ADOPTED this 6th day of February, 2024, by the Monticello Planning Commission. MONTICELLO PLANNING COMMISSION By: Andrew Tapper, Vi e-Chair ATTEST: Ang Schum , Nmmunity Development Director MN325\49\901589.v1 CITY OF MONTICELLO WRIGHT COUNTY., MINNESOTA PLANNING COMMISSION RESOLUTION NO. PC-2024-08 EXHIBIT A Legal Description of the Property The West 24 feet of Lot 12, Block 34, Original Plat of Monticello, County of Wright, State of Minnesota. PID: 155-010-034120 Address: 118 Broadway Street East, Monticello, MN 55362 MN325\49\901589.v1