City Council Resolution 2011-61CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2011-61
CALLING FOR A PUBLIC HEARING BY THE CITY COUNCIL ON THE PROPOSED
ADOPTION OF A MODIFICATION TO THE REDEVELOPMENT PLAN FOR
CENTRAL MONTICELLO REDEVELOPMENT PROJECT NO. 1 AND
THE PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING
DISTRICT NO. 1-39 (SUBURBAN MANUFACTURING OR RELATED ENTITY)
BE IT RESOLVED, that the City Council for the City of Monticello, Minnesota shall call for a
Public Hearing on August 22, 2011, at 7:00 p.m., on the proposed adoption of a Modification to
the Redevelopment Plan for Central Monticello Redevelopment Project No. 1 (the
"Redevelopment Plan Modification"), the proposed establishment of Tax Increment Financing
District No. 1-39, (an economic development district), and the adoption of a Tax Increment
Financing Plan (the "TIF Plan"); all pursuant to and in accordance with Minnesota Statutes,
Sections 469.001 to 469.047, and Sections 469.174 to 469.1799, inclusive, as amended, in an
effort to encourage the development and redevelopment of certain designated areas within the
City; and
BE IT FURTHER RESOLVED, that City staff is authorized and directed to work with Ehlers
& Associates, Inc. and Kennedy and Graven, to prepare the Plans, (the Redevelopment Plan
Modification and the TIF Plan are referred to collectively herein as the "Plans"), and to forward
documents to the appropriate taxing jurisdictions including Wright County and Independent
School District No. 882. The City Clerk is authorized and directed to cause notice of the
hearing, together with an appropriate map as required by law, to be published at least once in the
official newspaper of the City not later than 10, nor more than 30, days prior to August 22,
2011, and to place a copy of the Plans on file in the City Clerk's office at City Hall and to make
such copy available for inspection by the public.
ADOPTED BY the Monticello City Council this 11th day of July, 2011.
CITY OF MONTICELLO
r
Clint Herbst, Mayor
ATTEST:
Jeff ONe/ifleCity Administrator