City Council Resolution 1996-41RESOLUTION NO. 96-41
CITY OF MONTICELLO, MINNESOTA
RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY ON THE
MODIFICATION OF THE REDEVELOPMENT PLAN FOR CENTRAL
MONTICELLO REDEVELOPMENT PROJECT AND THE ESTABLISHMENT OF
TAX INCREMENT FINANCING DISTRICT NO. 1-21.
WHEREAS, the Housing and Redevelopment Authority in and for the City of Monticello ("Authority")
administers the Central Monticello Redevelopment Project ("Project") pursuant to Minnesota Statutes, Section
469.001 to 469.147 and Sections 469.174 to 469.179 (collectively, the "Acts"); and
WHEREAS, the City Council has determined to consider a modification to the Redevelopment Plan for the
Project and a proposed Tax Increment Financing Plan ("TIF Plan") for the proposed Tax Increment Financing
District No. 1-21 and to hold a public hearing thereon in accordance with the Acts:
NOW, THEREFORE, BE IT RESOLVED by the City Council (the "Council") of the City of Monticello,
Minnesota (the "City"), as follows:
1. Public Hearing. This Council shall meet on Tuesday, November 12, 1996, at approximately 7:00
p.m., to hold a public hearing on the proposed modification of the Central Monticello Redevelopment Project
and the establishment of Tax Increment Financing District No. 1-21 (an economic development district), all
pursuant to and in accordance with Minnesota Statutes, Sections 469.001 to 469.047, inclusive, as amended;
and Minnesota Statutes, Sections 469.174 to 469.179, inclusive, as amended, in an effort to encourage the
development and redevelopment of certain designated areas within the City; and.
2. Notice of Hearing of Pro rg am . The City staff and consultants are authorized and directed
to modify the Redevelopment Plan and create the Tax Increment Financing Plan (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 in the official newspaper of the City not later than 10 days prior to
November 12, 1996 and to place a copy of the Plans on file in the Clerk's Office at City Hall and to make such
copy available for inspection by the public.
Dated: October 28, 1996
AT
W
City Clerk
NAMINNSOTA\MONTICEL\TIR-21\CITYCALL.RES