City Council Resolution 2006-07CITY OF MONTICELLO
COUNTY OF WRIGHT
STATE OF MINNESOTA
Council member Wayne Mayer introduced the following resolution and moved its adoption:
RESOLUTION NO. 2006 -7
RESOLUTION ADOPTING A MODIFICATION TO THE TAX INCREMENT
FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1-6 (A
REDEVELOPMENT DISTRICT)
BE IT RESOLVED by the City Council (the "Council ") of the City of Monticello, Minnesota (the
"City"), as follows:
Section 1. Recitals.
1.01, The Board of Commissioners (the "Board ") of the Monticello ;:dousing and Redevelopment
Authority (the "HRA ") in and for the City of Monticello (the "City ") has heretofore established Tax Increment
Financing District No. 1 -6 and adopted the Tax Increment Financing Plan therefor. It has been proposed by
the HRA and the City that the City adopt a Modification to the Tax Increment Financing Plan (the
"Modification "), for Tax Increment Financing District No. 1 -6 (the "District "), all pursuant to and in
conformity with applicable law, including Minnesota Statutes, Sections 469.001 to 469.047, and Sections
469.174 to 469.1799, inclusive as amended (the "Act "), all as reflected in the Modifications, and presented for
the Council's consideration.
1.02. The HKA and City have investigated the facts related to the Modification and have caused the
Modification to be prepared.
1.03. The HRA and City have performed all actions required by law to be performed prior to the
adoption and approval of the proposed Modification, including, but not limited to, notification of Wright
County and Independent School District No.882 having taxing jurisdiction over the property included in the
District, and the holding of a public hearing upon published notice as required by law.
1.04. The City is not modifying the boundaries nor term of the District but is, however modifying
the budget in the Tax Increment Financing Plan.
Section 2. Findings for the Modification
2.01. The Council herebyreafnns the original findings for the District, namely that the District was
established as a "redevelopment district" under Minnesota Statutes, Section 469.174, subd. 10 (a)(1). In
addition, the City males the following findings:
(a) The Modification contbrms to the general plan for development or redevelopment ofthe City
as a whole. The reason for supporting this finding is that the Modification will generally
complement and serve to implement policies adopted in the City's comprehensive plan.
tion 3. Public Purpose
3.01. The adoption of the Modification conforms in all respects to the requirements of the Act and
will help fulfill a need to develop an area of the State which is already built up, to provide employment
opportunities, to improve the tax base and to improve the general economy of the State and thereby serves a
public purpose and will afford maximum opportunity, consistent with the sound needs for the City as a whole,
for the development or redevelopment of the project area by private enterprise in that the intent is to provide
only that public assistance necessary to make the private development financially feasible.
Section 4. Approval and Adoption of the Modification' Filing:
4.01. The Modification is hereby approved, and shall be placed on file in the office of the City
Administrator. Approval of the Modification does not constitute approval of any project or a development
agreement with any developer.
4.02. The staff of the City are authorized to file the Modification with the Commissioner of the
Minnesota Department of Revenue, the Office of the State Auditor and the Wright County Auditor.
4.03. The staff of the City, the City's advisors and legal counsel are authorized and directed to
proceed with the implementation of the Modification and for this purpose to negotiate, draft, prepare and
present to this Council for its consideration all farther modifications, resolutions, documents and contracts
necessary for this purpose.
The motion for the adoption of the foregoing resolution was duly seconded by Council member
Brian Stumpf , and upon a vote being taken thereon, the following voted in favor thereof-
Clint Herbst, Wayne Mayer, Tom Perrault, Glen Posusta and Brian Stumpf
and the following voted against the same:
None
Dated: February 13, 2006
Mayor
(Sea])
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City Administrate
CERTIFICATION
STATE OF MINNESOTA
COUNTY OF WRIGHT
I, Rick Wolfsteller, duly appointed, qualified, and acting City Administrator for the City of
Monticello, County of Wright, State of Minnesota; do hereby certify that I have compared the foregoing copy
of City Resolution No.2006 -7, Adopting a modification to the tax increment financing plan for Tax
Increment Financc District No. i -6, A Fwedeveloprnent District, adopted by the City Council at a regular
meeting of the City Council held on February 13, 2006 on file in the office of the City Administrator, and
have found the same to be a true and correct copy thereof.
Witness my hand and the official seal of the City of Monticello, this l6th day of February, 2006.
0,:- e VA'Tz-�
Rick Wolfsteller, Ch Administrator
STATE OF MINNESOTA
COUNTY OF WRIGHT
The foregoing was acknowledged before me this 15th .day of February, 2006 by Rick Wolfsteller,
City Administrator on behalf of the City of Monticello.
TVs Document Drafted by:
City of Monticello
505 Walnut Street, Suite #1
Monticello, MN 55362
Tel #763- 271 -3206
Signature of Notary