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Planning Commission Resolution 2018-004CITY OF MONTICELLO WRIGHT COUNTY, MINNESOTA MONTICELLO PLANNING COMMISSION RESOLUTION NO. PC -2018-004 A RESOLUTION FINDING THAT THE PROPOSED ACQUISITION OF CERTAIN LAND FOR REDEVELOPMENT PURPOSES BY THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY IS CONSISTENT WITH THE CITE' OF MONTICELLO'S COMPREHENSIVE PLAN WHEREAS, the City of Monticello Economic Development Authority (the "Authority") proposes to purchase certain property (the "Property") located at 255 East Broadway Street in the City of Monticello (the "City") and described on the attached Exhibit A, for the purposes of eventual redevelopment; and WHEREAS, Minnesota Statutes, Section 462.356, subd. 2 requires the City Planning Commission to review the proposed acquisition or disposal of publicly -owned real property within the City prior to its acquisition or disposal, to determine whether in the opinion of the Planning Commission, such acquisition or disposal is consistent with the comprehensive municipal plan; and WHEREAS, the Planning Commission has reviewed the proposed acquisition of the Property, and has determined that the Property is located in the downtown area of the City, an area designated for mixed commercial and residential use within the City's comprehensive plan, that the Authority's purpose is to redevelop the Property consistent with these uses, and that the proposed acquisition is therefore consistent with the City's comprehensive plan. NOW, THEREFORE, BE IT RESOLVED, by the Planning Commission of the City of Monticello, that the acquisition of the Property by the Authority is consistent with the City's comprehensive municipal plan, and will promote the redevelopment of a portion of the downtown area of the City. BE IT FURTHER RESOLVED that this resolution be communicated to the Board of Commissioners of the Authority. Adopted this 6th day of February, 2018, by the Monticello Planning Commission. MONTICJ.LO PLANNING COMM ION ATTEST: Angela�Sc u , munity Development Director EXHIBIT A Description of Property Lot Ten (10), in Block B of the Townsite (now known as City) of Monticello and that part adjoining said Lot Ten (10) described as follows: Beginning at the Southeast corner of said Lot Ten (10); thence Easterly along the Northerly line of Broadway Street to a point distant 57.00 feet Westerly of the Southwest corner of Lot One (1), in Block B of the Townsite of Lower Monticello; thence Northerly, parallel with the Westerly line of said Lot One (1), a distance of 165.00 feet to the Southerly line of Lot Eleven (11) of said Block B of the Townsite of Monticello; thence Westerly along said Southerly line to the Northeast corner of said Lot Ten (10); thence Southerly along the Easterly line of said Lot Ten (10) to the point of beginning, according to the plat and survey thereof on file and of record in the office of the County Recorder in and for Wright County, Minnesota. AND Lot Ten (10) in Block B of Monticello and those parts of Lot Two (2), Block B, Lower Monticello and Palm Street of Monticello according to the recorded plat thereof lying Northwesterly of a line drawn southwesterly from a point on the northeasterly line of said Lot Two (2) distant 57.00 feet northwesterly from the most easterly corner of said Lot Two (2) to a point on the Northeasterly line of Broadway Street of said Monticello distant 57.00 feet northwesterly from the most southerly corner of said Lot Two (2). Subject Property Address: 255 E. Broadway Street Monticello, MN 55362