City Council Resolution 1988-38RESOLUTION 88- 38
A RESOLUTION APPROVING THE
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
ACQUISITION COST INCLUSIVE OF MOVING AND RELOCATION
EXPENSES PURSUANT TO THE HUD-UNIFORM ACT
WHEREAS, the City Council of the City of Monticello, Minnesota, has determined
the need to approve the acquisition cost of the Jones, Stelton, and O'Connor
properties (the "Sellers") to the Monticello Housing and Redevelopment
Authority (the "Buyer") inclusive of moving and relocation expenses pursuant to
the HUD-Uniform Act, person(s) or business(es) who undergo displacement due to
acquisition of property by a government entity are entitled to compensation of
moving and relocation expenses; and
WHEREAS, the Monticello Housing and Redevelopment Authority (the "Buyer") has
entered into a purchase agreement with Alvin and Shirley Jones (the "Seller"),
with Ervin and Donna Stelton (the "Seller"), and Joseph and Clarice O'Connor
(the "Seller"); and
WHEREAS, both the buyer and the sellers are agreeable to the terms of the
purchase agreement inclusive of $5,000 each as fixed payment for moving and
relocation expenses; and
WHEREAS, there was presented to this meeting of the City Council of the City of
Monticello, Minnesota, a copy of the total acquisition budget; and
WHEREAS, the buyer agrees to pay $57,000 for the property located at 110 North
Locust Street, Monticello, Minnesota; and
WHEREAS, the buyer agrees to pay $65,000 for the property located at 237 West
Broadway, Monticello, Minnesota; and
WHEREAS, the buyer agrees to pay $55,000 for the property located at 247 West
Broadway, Monticello, Minnesota; and
WHEREAS, Modification #3 for the Tax Increment Finance Plan Redevelopment
District #2 inclusive of the debt service retirement for the said above
properties; and
WHEREAS, a public hearing was held on September 26, 1988, at 7:30 o'clock p.m.
before the City Council in the Council Chambers in the City Hall, in
Monticello, Minnesota, notice of which has been published once in the official
newspaper for the City, not less than ten, nor more than thirty days prior to
September 26, 1988; and
WHEREAS, at said public hearing all persons and parties were given full
opportunity to present written and oral testimony, comments, objections,
suggestions, and other matters, all of which were duly considered by the
Council;
Resolution 88- 3s
Page 2
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MONTICELLO
that the City of Monticello does hereby approve the acquisition cost of the
Jones, Stelton, and O'Connor properties (the "Sellers") to the Monticello
Housing and Redevelopment Authority (the "Buyer") inclusive of moving and
relocation expenses and finds:
1. That the proposed acquisition will contribute to the elimination of
blight or deterioration within the area.
2. That the proposed acquisition will eliminate the potential hazards of
health, safety, and general well-being of the community.
3. That the proposed acquisition will create a use for a portion of
underused land.
4. That the proposed acquisition, demolition, and redevelopment will
create needed subsidized elderly housing.
The City Council of the City of Monticello, Minnesota, does hereby approve the
Monticello Housing and Redevelopment Authority acquisition cost inclusive of
moving and relocation expenses.
Adopted by the City Council this 26th day of September, 1988.
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Mayor
City Admini rator