City Council Resolution 2016-27CITY OF MONTICELLO
RESOLUTION NO. 2016-027
RESOLUTION AUTHORIZING
CONVEYANCE OF CITY PROPERTY TO THE
CITY OF MONTICELLO
ECONOMIC DEVELOPMENT AUTHORITY
BE IT RESOLVED by the City Council ( "Council ") of the City of Monticello (the "City")
as follows:
Section 1. Recitals.
1.01. The Monticello Economic Development Authority ( "Authority ") administers the
Central Monticello Development Project (the "Project "), pursuant to Minnesota Statutes, Sections
469.090 to 469.1082, as amended, to promote economic and job opportunities and to promote the
Development of land which is underutilized within the City.
1.02. Pursuant to the Act, the Authority is authorized to acquire real property, or
interests therein, and to undertake certain activities to facilitate the development of real property
by private enterprise.
1.03. The Authority is considering an offer to enter into a Purchase and Development
Agreement (the "Contract ") between the Authority and Clear Creek Land Company, LLC (the
"Developer "), under which among other things the Authority will convey certain property located
within the Project and described as Outlot A, Otter Creek Crossings 1St Addition and Outlot C,
Otter Creek Crossings 3rd Addition (the "Development Property ") to Developer to facilitate the
development of the Development Property.
1.04. The City currently owns the Development Property.
1.05. The City is authorized to convey real property pursuant to Minnesota Statutes
Section 465.035 to any governmental subdivision for a nominal consideration, or pursuant to
Minnesota Statutes Section 471.64 to any other political subdivision of the State.
1.06. The Authority is a political subdivision of the State pursuant to Minnesota Statutes
Section 469.091, Subdivision 2.
1.07. The City finds and determines that conveyance of the Development Property to the
Authority is for a public purpose and is in the public interest because it will further the objectives of
the Project.
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1.08. The City finds and determines that conveyance by the Authority of the Development
Property to the Developer 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 Council approves the conveyance of the Development Property to the Authority
by quit claim deed for reconveyance to the Developer, subject to approval by the Authority of the
Contract and satisfaction of the conditions for closing provided therein, and authorizes and directs
city 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 and in the Contract.
2.02. City 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.
Approved by the City Council of the City of Monticello this 25th da of April, 2016.
Mayor
ATTEST:
JCIe
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CERTIFICATION
STATE OF MINNESOTA
COUNTY OF WRIGHT
I hereby certify that the foregoing is a true and correct copy of Resolution 2016 -027 duly
passed, adopted and approved by the Monticello City Council at their meeting on April 25, 2016
and recorded in minutes of said meeting.
fifer Schr ber, eity Clerk
r VICKI JAN LEERIiOFF
NOTARY PUMM
MINNESOTA
Gwnwsion &Wn 01/S -