EDA Resolution 2015-011CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. EDA- 2015 -011
AUTHORIZING CONVEYANCE OF PROPERTY
TO THE STATE OF MINNESOTA
BE IT RESOLVED by the Board of Commissioners ( "Board ") of the City of Monticello
Economic Development Authority (the "Authority ") as follows:
Section 1. Recitals.
1.01. The City of Monticello (the "City ") has previously established the Central
Monticello Redevelopment Project No. 1 (the "Project "), which is currently administered by the
Authority.
1.02. The Authority currently owns certain property within the Project described in
Exhibit A (the "Property").
1.03. The Authority is authorized to convey real property pursuant to Minnesota Statutes,
Section 471.64 to the United States of America, to any state agency, or to any other political
subdivision of the State of Minnesota (the "State ").
1.04. The City intends to construct certain improvements to the intersection of State
Highway 25 and Broadway Street, and has determined that conveyance of the Property from the
Authority to the State for State Highway 25 right -of -way purposes will advance the construction of
such improvements.
1.05. The Authority finds and determines that conveyance of the Property to the State is
for a public purpose and is in the public interest because it will further the objectives of the Project.
Section 2. Authorization.
2.01. The Board approves the conveyance of the Property to the State by quit claim deed
for consideration of $1.00, and authorizes and directs Authority staff and officials to execute the
deed and related documents necessary to facilitate the transaction referenced herein and
contemplated herein, with all such actions to be in accordance with the terms and conditions set
forth in this Resolution.
2.02. Authority staff and officials are authorized and directed to take any and all additional
steps and actions necessary or convenient in order to accomplish the intent of this Resolution.
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CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. EDA- 2015 -011
Approved by the Board of Commissioners of the City of Monticello Economic Development
Authority this 9th day of December, 2015.
President
ATTEST:
CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. EDA- 2015 -011
Legal Description of Property
Deed to MnDOT
That part of Lots 14 and 15, Block 34, Original Plat of Monticello, as is on file and of record in
the Office of the County Recorder, Wright County, Minnesota which lies northwesterly of the
following described line:
Commencing at the Southeast Corner of the Northeast Quarter of Section 11, Township
121, Range 25, Wright County, Minnesota; thence South 89 degrees 00 minutes 44
seconds West, assumed bearing along the south line thereof, 2175.15 feet; thence North
00 degrees 59 minutes 16 seconds West, perpendicular to said south line, 801.81 feet to
the southwesterly line of said Lot 15 and the point of beginning of said line to be
hereinafter described; thence North 58 degrees 10 minutes 53 seconds East, 66.14 feet;
thence North 25 degrees 44 minutes 05 seconds East, 70.67 feet; thence North 66 degrees
57 minutes 49 seconds East, 45.19 feet to the southeasterly line of said Lot 14; thence
North 25 degrees 40 minutes 43 seconds East, along said southeasterly line, 5.56 feet to
the Northeasterly corner of said Lot 14 and there terminating.
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