HRA Resolution 2007-01MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF MONTICELLO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2007 -01
RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF
MONTICELLO CALL FOR A PUBLIC HEARING ON A MODIFICATION TO THE
REDEVELOPMENT PLAN FOR CENTRAL MONTICELLO REDEVELOPMENT
PROJECT NO. 1 AND THE ESTABLISHMENT OF A TAX INCREMENT
FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1 -38 (AN
ECONOMIC DEVELOPMENT DISTRICT) THEREIN AND THE ADOPTION OF A
TAX INCREMENT FINANCING PLAN THEREFOR.
BE IT RESOLVED, by the Board of Commissioners (the "Board ") of the Monticello Housing and
Redevelopment Authority (the "HRA ") as follows:
WHEREAS, the City Council (the "Council ") of the City of Monticello, Minnesota (the "City ")
established Central Monticello Redevelopment Project No. 1 pursuant to Minnesota Statutes, Sections
469.001 through 469.047, inclusive, as amended, in an effort to encourage the development and
redevelopment of certain designated areas within the City; and
WHEREAS, the HRA is proposing a Modification to the Redevelopment Plan for Central Monticello
Redevelopment Project No. 1 and the establishment of a Tax Increment Financing Plan for Tax Increment
Financing District No. 1 -38 therein and the adoption of a Tax Increment Financing Plan therefor, all pursuant
to, and in accordance with, Minnesota Statutes, Sections 469.174 through 469.1799 and Sections 469.001 to
469.047, inclusive, as amended;
NOW, THEREFORE BE IT RESOLVED by the Board as follows:
1. The HRA hereby requests that the Council call for a public hearing to be held on April 23, 2007, to
consider the proposed adoption of a Modification to the Redevelopment Plan for Central Monticello
Redevelopment Project No. 1 (the "Redevelopment Plan Modification ") and the proposed adoption of
the Tax Increment Financing Plan (the "TIF Plan ") for Tax Increment Financing District No. 1-38, an
economic development district, (the Redevelopment Plan Modification and the TIF Plan are referred to
collectively herein as the "Plans ") and cause notice of said public hearing to be given as required by law.
2. The HRA directs the Executive Director to transmit copies of the Plans to the Planning Commission of
the City and requests the Planning Commission's written opinion indicating whether the proposed Plans
are in accordance with the Comprehensive Plan of the City, prior to the date of the public hearing.
3. The Executive Director of the HRA is hereby directed to submit a copy of the Plans to the Council for
its approval.
4. The HRA directs the Executive Director to transmit the Plans to the county and the school district(s) in
which Tax Increment Financing District No. 1 -38 is located not later than March 23, 2007.
5. Staff and consultants are authorized and directed to take all steps necessary to prepare the Plans and
related documents and to undertake other actions necessary to bring the Plan before the Council.
Approved by the Board on February 7, 2007.
Chair
ATTEST: