1984 ResolutionsHRA RESOLUTIONS - 1984
1. A Resolution Approving Modification No. 1, dated March 15,
1984, to the Monticello Redevelopment Project Plan by the
Monticello Housing and Redevelopment Authority Pursuant to
the Provisions of Minnesota Statutes, Section 462.411, et. seq.
2. A Resolution by the Monticello Housing and Redevelopment Authority
Approving a Tax Increment Financing Economic Development District
#4 Pursuant to Minnesota Statutes Sections 273.71 to 273.78
Inclusive and a Finance Plan for Said Tax Increment Financing
District.
3. A Resolution by the Monticello Housing and Redevelopment Authority
Modifying Tax Increment Financing Economic Development District
#1 Pursuant to Minnesota Statutes, Section 273.71 to 273.78
Inclusive, and Modifying a Finance Plan for Said Tax Increment
Financing District,
4. Resolution Authorizing Execution of a Tax Increment Pledge
Agreement.
5. A Resolution by the Monticello Housing and Redevelopment
Authority Approving Tax Increment Financing Economic
Development District #5 Pursuant to Minnesota Statutes,
Sections 273.71 to 273.78 Inclusive and a Finance Plan
for Said Tax Increment Financing District.
HRA Resolution 1984 #1
A RESOLUTION APPROVING MODIFICATION NO. 1,
DATED MARCH 15, 1984 TO THE MONTICELLO
REDEVELOPMENT PROJECT PLAN BY THE
MONTICELLO HOUSING AND REDEVELOPMENT
AUTHORITY PURSUANT TO THE PROVISIONS OF
MINNESOTA STATUTES, SECTION 462.411, et sec.
WHEREAS, The Housing and Redevelopment Authority in and for the City of
Monticello (the "Authority') is carrying out the Monticello Redevelopment Project
(the "Project") .and Redevelopment Plan (the "Plan"), pursuant to the approval of
the City Council of the City of Monticello (the "City"); and
WHEREAS, Section 462.525, Subd. 6, of the Municipal Housing and
Redevelopment Act (the "Housing Act") provides that a redevelopment project may
be modified at any time provided that the modification shall be adopted by the
Authority and the City Council of the City upon such notice and after such public
hearing as is required for the original adoption of the Plan; and
WHEREAS, the Authority recommends that the project be undertaken as
rapidly as possible and be financed with local funds including tax increment
financing as authorized by Minnesota Statutes, Sections 273.71 through 273.78; and
WHEREAS, in connection with the undertaking of certain project
modifications by the Authority pursuant to the Minnesota Municipal Housing and
Redevelopment Act, Minnesota Statutes, Section 462.411 et seg. the approval by
the Board of Commissioners (the "governing body") of the Authority of the
redevelopment plan for the project area involved in such undertaking is required by
the local governing body before it will consider for approval said Redevelopment
Plan; and
WHEREAS, there was presented to this meeting of the governing body of the
Authority for its consideration and approval, a copy of a housing and
redevelopment plan for said project area dated March 15, 1984 which plan is
entitled the Redevelopment Froject Plan Modification #1; and
WHEREAS, the Authority adopts the tax increment financing plan as part of
the method of financing; and
WHEREAS, the Authority has prepared Modification No. 1, dated March 15,
19$4, to the Plan ("Modification No. 1"} and submitted Modification No. 1 to the
City Planning Commission of the City of Monticello (the "Planning Commission")
for its review and opinion; and
NOW, THEREFORE, BE IT RESOLVED by the governing body of the Housing
and Redevelopment Authority in and for the City of Monticello:
1. That the redevelopment project area described in said
Redevelopment Project Plan Modification No. 1 dated March 15, 1984 contains
blighted and deteriorated or deteriorating areas as defined in the Minnesota
Municipal Housing and Redevelopment Act, Minnesota Statutes, Section 462.421,
,.,Subdivision 13, and requires public assistance in order to eliminate said blighted,
deteriorating and economically obsolete areas.
2. The said Plan and Project will carry out the purpose and policy of the
Municipal Housing and Redevelopment Act of the State of Minnesota, Minnesota
Statutes, Section 462.415 to 462.711 as set forth in Section 462.415.
3. The said Redevelopment Plan is hereby in all respects approved and
the Secretary is hereby directed to file said Redevelopment Plan with the Minutes
of this meeting.
4. Application is hereby made to the City Council of the City of
Monticello, the governing body of the City in which said project is located, for the
approval of said Plan and project area, and the staff of this Authority is authorized
to transmit said Plan to said City Council, together with a copy of this Resolution,
a plan for financing the project including the adoption of the tax increment
financing plan and to take such other action as the said staff may deem necessary
and advisable in order to secure from said City Council its approval of said Plan
and project. Said City Council is hereby requested to hold a public hearing on said
Redevelopment Project Plan Modification No. 1 after. giving published notice of the
date, time, place and purpose of such hearing in a newspaper of general circulation
in the City of Monticello, such notice to be published at least ten days and no more
than 30 days prior to the date of the hearing.
Said City Council is hereby requested to approve said Plan and project
modification and to find by Resolution that: (1) the land in the project area would
not be made available for redevelopment without the financial aid to be sought; (2)
the redevelopment plan for the redevelopment project in the locality will afford
maximum opportunity, consistent with the sound needs of the locality as a whole,
for the redevelopment of such areas by private enterprise; and {3) the
redevelopment plan and tax increment financing plan conforms to a general plan
for the development of the locality as a whole, and (4) that the project will result
in increased employment in the municipality and will result in the preservation and
enhancement of the tax base of the municipality, and (5) that the plan for
relocation of the individuals and families displaced in carrying out the Project in
decent, safe and sanitary dwellings in conformity with acceptable standards is
feasible and can be reasonably and timely effected to permit the proper execution
and completion of the project.
Said staff is hereby authorized and directed to transmit to the State
Department of Energy and Economic Development, Office of Local Government,
certified cogies of this Resolution, of said Plan, and other papers and documents
described or referred to in Minnesota Statutes, Section .462.445, Subdivision 8 of
said Municipal Housing and Redevelopment Act.
Adopted this 19th day of March,
ATTEST:
1984.
hairman
HRA RESOLUTION 1984 # 2
A RESOLUTION BY THE MONTICELLO HOUSING AND
REDEVELOPMENT AUTHORITY APPROVING A TAX INCREMENT
FINANCING ECONOMIC DEVELOPMENT DISTRICT #4 PURSUANT
TO MINNESOTA STATUTES SECTIONS 273.71 TO 273.78
INCLUSIVE AND A FINANCE PLAN FOR SAID TAX INCREMENT
FINANCING DISTRICT.
WHEREAS, the Housing and Redevelopment Authority in and for the
City of Monticello (the "Authority") is carrying out the Monticello Re-
development Project (the "Projeot") and Redevelopment Plan (the "Plan"),
an d
WHEREAS, the Housing and Redevelopment Authority of Monticello,
Minnesota has determined that it is necessary to create a Tax Increment
Financing District pursuant to Minnesota Statutes,. Sections 273.71 to
273.78 inclusive, within the existing Redevelopment Project modified and
created pursuant to Minnesota Statutes., Section 462.411 et sue., the
Municipal Housing and Redevelopment Act, and
WHEREAS, the Authority recommends that the Project be under-
taken as rapidly as possible and be financed with local funds including
tax increment financing as authorized by Minnesota Statutes, Sections
273.71 through 273.78, and
WHEREAS, there was presented to this meeting of the governing
body of the Authority for its consideration and approval, a copy of
a Tax Increment Plan for said Project area dated March 15, 1984, which
Plan is entitled The Economic Development District #4 Tax Increment Plan,
an d
WHEREAS, the Authority has prepared the Tax Increment Financing
Plan for the Economic Development District #4, dated March 30, 1984,
and submitted the Tax Increment Plan to the City Planning Commission
of the City of Monticello (the"Planning Commission") for its review and
opinion, and
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE
HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO:
1. That the Tax Increment District to be established is an economic
development district pursuant to Minnesota Statutes, Section 273.73,
Subdivision 12, and will result in increased employment to the City
and in the preservation and enhancement of the tax base of the City.
2. That the proposed development would not occur solely through private
investment within the reasonably forseeable future and, therefore,
the use of tax increment financing is deemed necessary.
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to Resolution 1984 # 2
ige 2
3. That the proposed economic development involves a substantial
commitment to private investment and in conjunction with tax
increments is identified in the Tax Increment Financing Plan
will afford maximum opportunity, consistent with sound needs
of the City for the economic development of the Project by
private enterprise.
The Housing and Redevelopment Authority of Monticello,
Minnesota does hereby approve the Tax Increment Financing Plan and
the creation of a Tax Increment Financing District as described in
said Tax Increment Financing Plan and does hereby transmit to the
City Council said Plan for their adoption.
Adopted by the Housing and Redevelopment Authority this 4th day of
April, 1984.
HRA RESOLUTION 1984 #3
A RESOLUTION BY THE MONTICELLO HOUSING
AND REDEVELOPMENT AUTHORITY MODIFYING
TAX INCREMENT FINANCING ECONOMIC
DEVELOPMENT DISTRICT #1 PURSUANT TO
MINNESOTA STATUTES, SECTION 273.71 TO 273.78
INCLUSIVE, AND MODIFYING A FINANCE PLAN FOR
SAID TAX INCREMENT FINANCING DISTRICT
WHEREAS, The Housing and Redevelopment Authority in and for the City of
Monticello (the "Authority") is carrying out the Monticello Redevelopment Project
(the "Project") and Redevelopment Plan (the "Plan"); and
WHEREAS, the Authority determined in 1982 that is was necessary to
create a tax increment financing economic development district pursuant to the
Minnesota Tax Increment Financing Act, Minnesota Statutes, Section 273.71 to
273.78 inclusive (the "Act") within the redevelopment project created pursuant to
Minnesota Statutes, Section 462.411 et sec., the Municipal Housing and
Redevelopment ct; and
WHEREAS, the Authority recommends that the project be undertaken as
rapidly as possible and be financed with local funds including tax increment
financing as authorized by Minnesota Statutes, Section 273.71 through 273.78; and
WHEREAS, in connection with the undertaking of certain tax increment
district modifications by the Authority pursuant to the Act, the approval by the
Board of Commissioners (the "governing body") of the Authority of the
modification to the tax increment plan is required by the local governing body
before it will consider for approval said modification to the plan; and
WHEREAS, there was presented to this meeting of the governing body of the
Authority for its consideration and approval, a copy of a tax increment plan for
said economic development district dated April, 1984 which plan is entitled
Modification #1 to Tax Increment District #1 ("Modification No. 1"); and
WHEREAS, the Authority has prepared Modification #1 and submitted
Modification #1 to the City Planning Commission of the City of Monticello (the
"Planning Commission") for its review and opinion; and
NOW, THEREFORE, BE IT RESOLVED by the governing body of the Housing
and Redevelopment Authority in and for the City of Monticello:
1. That the tax increment financing district as modified herein is a tax
increment financing economic development district since the construction of the
IXI Assemblies facilities has resulted in and will result in approximately 15 new
jobs in the City and will increase the assessed value and thus preserve and enhance
the tax base of the City.
2. That the proposed redevelopment within the tax increment financing
district as modified herein, would not have reasonably been expected to occur
solely through private investment because, in the opinion of the City IXI
Assemblies would not have located its business within the City without the use of
tax increments to finance the acquisition of a suitable site for development; and
3. That the Planning Comm
financing plan as modified herein and
development of the municipality because
the City's commercial economic activity.
fission has reviewed the tax increment
it conforms to the general plan for the
a whole as it will result in an increase in
4. That the tax increment financing plan as modified herein will afford
maximum opportunity consistent with the sound needs of the City as a whole, for
the development by private enterprise as it will enable the City to assist the
developer with the construction of two manufacturing facilities by providing a
suitable site for development.
The Housing and Redevelopment Authority of Monticello, Minnesota. does hereby
approve the tax increment financing plan modification and modification #1 to tax
increment district #1 as described in said tax increment financing plan, and does
hereby transmit to the City Council said plan for their adoption.
Adopted by the Monticello Housing and Redevelopment Authority this
zc~~'k day of April, 1984.
ATT ' T:
/ ~~
Chairman
Resolution No. 1984 #4
RESOLUTION AUTHORIZING EXECUTION
OF A TAX INCREMENT PLEDGE AGREEMENT
WHEREAS, The Housing and Redevelopment Authority in and for the City of
Monticello (the "Authority") has heretofore created the Central Monticello
Redevelopment Project (the "Project"), prepared a Redevelopment Plan, and
Modification No. One thereto (together the "Plan") for the Project, and has
heretofore approved the Plan; and
WHEREAS, the City Council of the City of Monticello (the "City") has
heretofore approved the Plan; and
WHEREAS, in order to finance the Project, it is necessary that the
Authority enter into a Tax Increment Pledge Agreement with the City pursuant to
Minnesota Statutes, Section 273.77, securing $155,000 aggregate principal amount
of General Obligation Tax Increment Bonds, Series 1984 of the City and the interest
thereon, issued to finance the Project and any additional bonds that may be issued
to finance the Project.
NOW THEREFORE, BE IT RESOLVED by The Housing and Redevelopment
Authority in and for the City of Monticello, Minnesota,
1. That the Chair of the Authority is hereby authorized and directed to
execute the Tax Increment Pledge Agreement (the "Agreement"), on behalf of the
Authority in substantially the form attached hereto as Exhibit A and incorporated
herein by reference.
2. Upon execution of the Agreement by the parties thereto, the
Secretary of the Authority is hereby directed pursuant to Minnesota Statutes,
Section 273.77, to file an executed copy of the Agreement with the County Auditor
of Wright County, Minnesota.
Adopted this 7th day of May
1984.
Chair
Attest:
1
r
Secreta
HRA RESOLUTION 1984 #5
A RESOLUTION BY THE MONTICELLO HOUSING
AND REDEVELOPMENT AUTHORITY APPROVING
TAX INCREMENT FINANCING ECONOMIC
DEVELOPMENT DISTRICT #5 PURSUANT TO
MINNESOTA STATUTES, SECTIONS 273.71 TO 273.78
IN~LZTSIV~A1~~'FINANCE PLAN FOR SAID TAX
INCREMENT FINANCING DISTRICT.
WHEREAS, The Housing and Redevelopment Authority in and for the City of
Monticello (the "Authority") is carrying out the Monticello Redevelopment Project
Modification #1 (the "Project") and Redevelopment Plan Modification #1 (the
rrPlan"); and
WHEREAS, the Authority has determined that it is necessary to create a tax
increment financing district pursuant to Minnesota Statutes, Sections 273.71 to
273.78 inclusive, within the existing project, created and modified pursuant to
Minnesota Statutes, Section 462.411 et sec „ the Municipal Housing and
Redevelopment A et; and
WHEREAS, the Authority recommends that the.. project be undertaken as
rapidly as possible and be financed with local funds including tax increment
financing as authorized by Minnesota Statutes, Sections 273.71 through 273.78; and
WHEREAS, there was presented to this meeting of the governing body of the
Authority for its consideration and approval, a copy of a tax increment plan for the
project area described in said plan dated July 1, 1984 which plan is entitled
Economic Development District #5; and
WHEREAS, the Authority has submitted the tax increment financing plan to
the City Planning Commission of the City of Monticello (the "Planning
Commission") for its review and opinion; and
NOW, THEREFORE, BE iT RESOLVED by the governing body of the Housing
and Redevelopment Authority in and for the City of Monticello:
(1) That the tax increment district to be established is an economic
development district pursuant to Minnesota Statutes, Section 273.73, Subdivision 12
and will result in increased emp oymen in ~ie~ity and in the preservation and
enhancement of the tax base of the City.
(2) That the proposed development would not occur solely through
private investment within the reasonable foreseeable future and, therefore, the use
of tax increment financing is deemed necessary.
(3) That the Planning Commission has reviewed the tax increment
financing plan and it conforms to the general plan for the development of the
municipality as a whole.
(4) That the proposed economic development involves a substantial
commitment of private investment and in conjunction with tax increments as
identified in the tax increment financing plan will afford maximum opportunity,
consistent with sound needs of the City for the economic development of the
project by private enterprise.
The Housing and Redevelopment Authority of Monticello, Minnesota does
hereby approve the tax increment financing plan and the creation of a tax
increment financing district as described in said tax increment financing plan and
does hereby transmit to the City Council the plan for their adoption.
Adopted by the Housing and Redevelopment Authority this ~~ day of
July, 1984.
ATTEST:
c'- , ~~r
Chairman
2