HRA Resolution 2006-02MOIL TI[CEILILO HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF MONTICELLO
WRIGHT COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 2006 -02
RESOLUTION ADOPTING A MODIFICATION TO THE TAX INCREMENT
FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT -1-6 (A
REDEVELOPMENT DISTRICT)
WHEREAS, it has been proposed by the Board of Commissioners (the "Board ") of the Monticello
Housing and Redevelopment Authority (the "HRA ") and the City of Monticello (the "City ") that the HRA
adopt a Modification to the Tax Increment Financing Plan for Tax Increment Financing District No. 1 -6 (the
"Modification ") therefore, 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 Modification and presented for the Board's consideration; and
WHEREAS, the HRA has investigated the facts relating to the Modification and has caused the
Modification to be prepared; and
WHEREAS, the HRA has performed all actions required by law to be performed prior to the
adoption of the Modification. The HRA has also requested the City Planning Commission to provide for
review of and written comment on the Modification and that the Council schedule a public hearing on the
Modification upon published notice as required by law.
NOW, THEREFORE, BE IT RESOLVED by the Board as follows:
I . The HRA hereby makes the findings set forth in the Modification, which are incorporated
herein by reference.
2. Conditioned upon the approval thereof by the City Council following its public hearing
thereon, the Modification, as presented to the HRA on this date, is hereby approved, established and adopted
and shall be placed on file in the office of the Executive Director of the HRA.
3. Upon approval of the Modification by the City Council, the Executive Director of the HRA
is authorized and directed to forward a copy of the Modification to the Minnesota Department of Revenue
and Office of the State Auditor pursuant to Minnesota Statutes 469.175, Subd. 4a.
Approved by the Board of Commissioners of the Monticello Housing and Redevelopment Authority
this 1 st day of February, 2006.
Chair
ATTEST:
Secretary