Planning Commission Resolution 1996-2MONTICELLO PLANNING COMMI3$ION
RESOLUTION NO. 9E-2
RESOLUTION FINDING THE MODIFIED REDEVELOPMENT
PLAN FOR Trnz CEN'xzLU MONTICELLO REDEVELOPMENT
PROJECT NO,, 1; Tim MODIFIED BUDGETS OF TkjA& TAX
INCREMENT FINANCING PLANS FOR TAX INCREMENT
DISTRICT NOS. 1-19 1-29 1-39 1-4, 1-59 1-69 1-79 1-89 1-9, 1-109
1-119 1-12, 1-139 1-149 1-159 1-16, 1-17, AND 1=18; AND THz TAX
INCREMENT FINANCING PLAN FOR TAX INCREMENT
FINANCING DISTRICT NO. 1-20 TO BE CONSISTENT Wulf Tnk;
PLANS OF TIhh CITY
WHEREAS, the City Council for the City of Monticello has proposed to modify the
Central Monticello Redevelopment Plan; modify the budgets of the Tax Increment
Financing Plans for Tax Increment Districts Nos. 1-1, 1-2, 1-3, 1-4, 1-5, 1-6, 1-7,
1-811-9, 1-10, 1-119 1-129 1-139 1-14, 1-159 1-169 1-17, and 1-18; and establish Tax
Increment Financing District No. 1-20 and the Tax Increment Financing Plan
relating thereto (collectively, the "Plans") and have submitted the Plans to the
Monticello Planning Commission pursuant to Minnesota Statutes, Section 469.175,
Subdivision 3, and
WHEREAS, the Planning Commission has reviewed the Plans to determine their
consistency with the plans for the development of the City.
NOW, THEREFORE, BE IT RESOLVED by the Planning Commission that the
Plans are consistent with the general plans for the development and redevelopment
of the City of Monticello and the Commission hereby recommends their approval to
the City Council.
Adopted this 24th day of June, 1996,
CUD
Chair
ATTEST:
Secretary