City Council Resolution 2007-85CITY OF MONTICELLO
RESOLUTION NO. 2007 -85
RESOLUTION RELATING TO THE CITY OF
MONTICELLO ECONOMIC DEVELOPMENT
AUTHORITY; TRANSFERRING CERTAIN PROJECTS AND
PROGRAMS TO THAT AGENCY; APPROVING CERTAIN
ORGANIZATIONAL MATTERS
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MONTICELLO,
M! TNTESOTA ( "CITY") AS FOLLOWS:
1. On April 10, 1989, the City Council duly adopted Ordinance No. 172, codified in
the City Code as Title II, Chapter 3 (the "Enabling Ordinance), providing for the creation of the
City of Monticello Economic Development Authority (EDA) pursuant to Minnesota Statutes,
Chapter 469 (the "Act).
2. Pursuant to the Act, the EDA is authorized to exercise all of the powers of a housing
and redevelopment authority.
3. There now exists in the City a housing and redevelopment authority C'THW }
created pursuant to the Act. The Act authorizes the City Council to transfer all projects and
programs of the HRA to the EDA.
4. Pursuant to Section 469.094, Subdivision 2, of the Act, and following a duly noticed
public hearing held on the date hereof at which all interested persons were given the opportunity to
be heard, the City Council hereby transfers the control, authority and operation of all "projects ", as
defined in the Act, and all other programs and projects of the HRA to the EDA.
5. The transfer described herein is conditioned upon acceptance by the EDA of such
transfer and a covenant and pledge by the EDA that the EDA is obligated to perform all agreements,
pledges, covenants and undertakings heretofore entered into by the HRA.
6. The City Administrator is authorized and directed to transmit a certified copy of this
Resolution to the Executive Director of the EDA and to other governmental officers as appropriate.
7. Pursuant to Section 469.100, subd. 2 of the Act, the Council directs to the EDA to
submit the EDA's budget for each fiscal year to the City at the time designated by the City
Administrator but no later than August 1 of each year.
8. Pursuant to Section 469.100, subd. 4 of the Act, the Council directs the EDA to
submit the EDA's written annual report to the City on or before the date of the EDA's annual
meeting as described in the EDA by-laws. The Council directs the City Administrator to specify the
form of the report.
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9. The Mayor, City Administrator and all other officers and employees of the City are
authorized and directed to take whatever action and to execute and deliver such documents that are
necessary to give effect to this Resolution.
Approved by the City Council of the City of Monticello, Minnesota this 22nd day of
October, 2007.
2
Mayor ,m o-j a.t
ATTEST:
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