HRA Resolution 1993-01A RESOLUTION BY THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MONTICELLO, WRIGHT COUNTY
RESOLUTION NO. 93-1
RESOLUTION AUTHORIZING PREPARATION OF A
TAX INCREMENT FINANCE PLAN FOR
TAX INCREMENT FINANCE DISTRICT NO. 1-15 AND
REQUESTING CITY COUNCIL CALL FOR A PUBLIC HEARING
WHEREAS, the Housing and Redevelopment Authority (the
"HRA") , in and for the City of Monticello, Minnesota, has
received an executed Preliminary Agreement dated February
16, 1993, from Stephen P. Birkeland, Jr., Sole
Proprietor, of Custom Canopy (the "Developer"), and
WHEREAS, the Developer has delivered a check dated
February 16, 1993, in the amount of $5,000 to the HRA;
and
WHEREAS, the Developer has delivered a preliminary
proposal for development (the "Building Plans") to the
City of Monticello (the "City") for review; and
WHEREAS, the Developer and the Landowners have negotiated
and agreed upon a selling price for Lot 6, Block 2,
Oakwood Industrial Park; and
WHEREAS, the Developer has secured preliminary approval
for project financing from the Bank of Elk River, Elk
River, Minnesota, and has secured preliminary application
approval for Greater Monticello Enterprise Funds; and
WHEREAS, the Monticello Prospect Team visited the
existing Custom Canopy manufacturing facility on February
25, 1993.
NOW, THEREFORE, BE IT RESOLVED by the Monticello Housing
and Redevelopment Authority, in and for the City of
Monticello, Minnesota:
1. That the HRA authorizes Business Development
Services, Inc. (BDS) to establish Tax Increment
Finance District No. 1-15, an Economic District,
and to prepare the Tax Increment Finance Plan
relating to District No. 1-15 for Stephen P. and
Joan M. Birkeland, Jr. (Custom Canopy).
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2. That the HRA requests the Monticello City Council
on Monday, March 22, 1993, call for a public
hearing date of Monday, April 12, 1993, to
establish Tax Increment Finance District No. 1-15
and adopt the Tax Increment Finance Plan relating
thereof.
Adopted this 3 rd day of March, 1993.
ATTEST:
HRA Executive Dire&Tor
HRA Cha,�person
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