City Council Resolution 2003-16CITY OF MONTICELLO
WRIGHT COUNTY
STATE OF MINNESOTA
Council member Roger Carlson introduced the following resolution and moved its adoption:
RESOLUTION NO. 2003-16
ENDORSING SPECIAL LEGISLATION BILL
WHEREAS, on April 11, 1996, the Housing and Redevelopment Authority in and for the City
of Monticello, entered into a Contract with the Hoisington Koelger Group, Inc. for the purpose to
spearhead community workshops to provide and evaluate the potential for the downtown and
riverfront area. Through the efforts of the Monticello Community Partners and the Hoisington
Koelger Group, Inc., the New Bridge - Revitalizing Monticello's Downtown and Riverfront Plan
developed; and.
WHEREAS, on March 10, 1997, the City Council adopted a resolution modifying the
Redevelopment Plan of Central Monticello Redevelopment Project No. 1 and establishing Tax
Increment Finance District No. 1-22; and
WHEREAS, on June 30, 1997, Tax Increment Finance District No. 1-22 was certified by the
County of Wright; and
WHEREAS, on September 22, 1997, the City Council amended the Monticello
Comprehensive Plan to include the New Bridge - Revitalizing Monticello's Downtown and
Riverfront Plan; and
WHEREAS, on July 30, 2001, the City Council issued Taxable G. O. Temporary Tax
Increment Bonds and under the rule the Housing and Redevelopment Authority in and for the
City of Monticello could expend those bond proceeds until July 30, 2004.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Monticello that
the City Council endorses the Special Legislation Bill to extend the five-year rule to ten years for
TIF District No. 1-22, City of Monticello. The effect to permit additional financing (whether
issuance of bonds or pay-as-you-go) through June 30, 2007.
The motion for the adoption of the foregoing resolution was duly seconded by Council
member Robbie Smith , and upon a vote being taken thereon, the following voted in favor
thereof:
Roger Carlson, Robbie Smith, Bruce Thielen, Brian Stumpf, and Glen Posusta
City of Monticello
Resolution No. 2003-16
and the following voted against the same:
None
Dated: 24" day of March, 2003.
Bruce Thielen, Mayor
ATTEST:
Rick Wolfsteller, dity Administrator
CITY OF MONTICELLO
. RESOLUTION NO. 2003-16
ENDORSING SPECIAL LEGISLATION BILL
WHEREAS, on April 11, 1996, the Housing and Redevelopment Authority in and for the City
of Monticello, entered into a Contract with the Hoisington Koelger Group, Inc. for the purpose to
spearhead community workshops to provide and evaluate the potential for the downtown and
riverfront area. Through the efforts of the Monticello Community Partners and the Hoisington
Koelger Group, Inc., the New Bridge - Revitalizing Monticello's Downtown and Riverfront Plan
developed; and.
WHEREAS, on March 10, 1997, the City Council adopted a resolution modifying the
Redevelopment Plan of Central Monticello Redevelopment Project No. 1 and establishing Tax
Increment Finance District No. 1-22; and
WHEREAS, on June 30, 1997, Tax Increment Finance District No. 1-22 was certified by the
County of Wright; and
WHEREAS, on September 22, 1997, the City Council amended the Monticello
Comprehensive Plan to include the New Bridge - Revitalizing Monticello's Downtown and
Riverfront Plan; and
WHEREAS, on July 30, 2001, the City Council issued Taxable G. O. Temporary Tax
Increment Bonds and under the rule the Housing and Redevelopment Authority in and for the
City of Monticello could expend those bond proceeds until July 30, 2004.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Monticello that
the City Council endorses the Special Legislation Bill to extend the five-year rule to ten years for
TIF District No. 1-22, City of Monticello. The effect to permit additional financing (whether
issuance of bonds or pay-as-you-go) through June 30, 2007.
Adopted by the City Council of the City of Monticello this 24' day of March, 2003.
ls_lu�
Bruce Thielen, Mayor
ATTEST:
oil,
Rick Wolfsteller, 4y Administrator