HRA Resolution 1994-06HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MONTICELLO, MINNESOTA, AUTHORIZING
THE ACQUISITION AND DISPOSITION OF THE RAW LANDS
RELATING TO TIF DISTRICT NO. 1-17
RESOLUTION NO.
WHEREAS, both the Housing and Redevelopment Authority in and for
the City of Monticello, Minnesota, (the "Authority") and Ronald S.
Musich, a single person, (the "Redeveloper") shall agree to and
carry out the terms of the Contract for Private Redevelopment by
and between the Housing and Redevelopment Authority in and for the
City of Monticello and Ronald S. Musich 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. 1-17; and
WHEREAS, the Housing and Redevelopment Authority in and for the
City of Monticello held a public hearing and heard no comments or
opposition on the acquisition and disposition of the raw lands
described as:
Three (3) acres located in the Northwest Quarter (NW 1/4)
of the North Half (N 1/2) of Section 13, Township 121,
Range 25, Auditor's Subd. #1,
City of Monticello, County of Wright, Minnesota.
WHEREAS, the Planning Commission in and for the City of Monticello
held a Public Hearing and approved the preliminary plat relating to
the above raw lands thereafter described as:
Lot 1, Block 1, Monticello Commerce Center
Second Addition, City of Monticello, Wright County, Minnesota.
WHEREAS, the Council in and for the City of Monticello shall hold
a Public Hearing on August 8, 1994, and consider approving the
preliminary and final plat relating to the above described raw
lands; 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. 1-17 and the
approval and adoption of the Tax Increment Finance Plan on August
8, 1994; and
WHEREAS, both the Housing and Redevelopment Authority in and for
the City of Monticello and Ronald S. Musich shall agree to an
amount up to, but not-to-exceed, Fifty Thousand Dollars and No
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11RA RESOLUTION NO. 94-6
AUGUST 3, 1994
Cents ($50,000) as the level of Tax Increment Finance assistance
for the acquisition and disposition of said described raw lands.
NOW, THEREFORE., BE IT RESOLVED by the governing body of the Housing
and Redevelopment Authority in and for the City of Monticello
having held a public hearing finds:
1. It will discourage commerce, industry, or
manufacturing from moving their operations
to another state; and
2. It will result in increased employment in the
state; and
3. It will result in preservation and enhancement
of the tax base of the state.
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 Ronald S. Musich.
Adopted by the Housing and Redevelopment Authority in and for the
City of Monticello, Minnesota, this 3rd day of August 1994.
SEAL
ATTEST:
a.�.GN u<
HRA Executive Director
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