HRA Resolution 1990-04HRA RESOLUTION 90-4
A RESOLUTION BY THE HOUSING AND REDEVELOPMENT
AUTHORITY IN AND FOR THE CITY OF MONTICELLO .AUTHORIZING
THE ACQUISITION AND DISPOSITION OF LANDS TO
WILLIAM R AND BARBARA R TAPPER
WHEREAS, both the Housing and Redevelopment Authority in
and for the City of Monticello (the "Authority ") and
William R. and Barbara R. Tapper (the "Redeveloper ") shall
agree to the terms of the Contract for Private Redevelopment
By and Between the Housing and Redevelopment Authority in
and for the City of Monticello and William R. and Barbara R.
Tapper and all the convenants therein; and
WHEREAS, the Housing and Redevelopment Authority in and
for the City of Monticello has adopted the Tax Increment
Finance Plan relating to Tax Increment Finance District
No. 1 -9; and
WHEREAS, the Planning Commission in and for the City of
Monticello has adopted the Tax Increment Finance Plan
relating to Tax Increment Finance District No. 1 -9 for
consistency with the Monticello Comprehensive Plan; and
WHEREAS, the Council in and for the City of Monticello shall
hold a Public Hearing and consider adoption of a Resolution
for the Establishment of Tax Increment Finance District No.
1 -10 and the approval and adoption of the Tax Increment
Finance Plan on February 26, 1990; and
WHEREAS, both the Housing and Redevelopment Authority in
and for the City of Monticello and William R. and Barbara R.
Tapper shall agree to an amount up to, but not too exceed,
Seventy -Seven Thousand Five Hundred Dollars and No Cents
($77,500) as the level of Tax Increment Finance assistance
for the acquisition of raw lands described as:
Lot 4, Block 2, Oakwood Industrial Park, City
of Monticello, County of Wright.
NOW, THEREFORE, BE IT RESOLVED by the governing body of the
Housing and Redevelopment Authority in and for the City of
Monticello:
1. It will discourage commerce, industry, or
manufacturing from moving their operations
to another state.
2. It will result in increased employment in the
municipality.
3. It will result in preservation and enhancement
of the tax base of the municipality.
The Housing and Redevelopment Authority in and for the City
of Monticello, Minnesota does hereby authorize the acquisition
and disposition of the said described raw lands to William R.
and Barbara R. Tapper.
Adopted by the Monticello Housing and Redevelopment Authority
this 7th day of February, 1990.
H�A Chairperson
ATTEST:
-Q)i� �� a 0 -4� &Ug�
HRA Executive Director