City Council Resolution 2018-78CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2018-78
APPROVING A SPECIAL BENEFIT LEVY BY THE CITY OF MONTICELLO
ECONOMIC DEVELOPMENT AUTHORITY
WHEREAS, pursuant to Minnesota Statutes, Sections 469.090 to 469.1082, as amended (the
"EDA Act"), the City of Monticello, Minnesota (the "City") previously established the City of
Monticello Economic Development Authority (the "Authority"); and
WHEREAS, pursuant to the EDA Act, the Authority is authorized to exercise all powers and
duties of a housing and redevelopment authority under the provisions of Minnesota Statutes, Sections
469.001 to 469.047 (the "HRA Act"); and
WHEREAS, Section 469.033, subd. 6, of the HRA Act permits the Authority to levy and
collect a special benefit tax of up to .0185 percent of taxable market value in the City, levied upon all
taxable real property within the City,
WHEREAS, the special benefit tax levy authorized by Section 469.033, subd. 6 of the HRA
Act is separate and distinct from the City's levy and is not subject to levy limits; and
WHEREAS, the Authority has adopted a budget for fiscal year 2019 that provides for the levy
of a special benefits tax in the amount of .0185 percent of taxable market value in the City, to be used
for its economic development and redevelopment activities, and has submitted such budget to the City
pursuant to Minnesota Statutes, Section 469.033, Subdivision 6; and
WHEREAS, the Authority has adopted a resolution approving the levy of a special benefit
tax in the amount of .0185 percent of taxable market value in the City, subject to approval of such
special benefit tax by the City.
NOW, THEREFORE, BE IT RESOLVED by the City Council (the "City Council") of the
City of Monticello as follows:
1. The City Council of the City hereby accepts the budget submitted by the Authority
for the fiscal year 2019.
2. The City Council of the City hereby approves the levy by the Authority of a special
benefit tax pursuant to Minnesota Statutes, Section 469.033, Subdivision 6, in an amount not to
exceed $348,000 with respect to taxes payable in calendar year 2019.
Approved by the City Council of Monticello, Minnesota this 10th day of September, 2018.
Brian Stumpf, May
ATTEST:
ORMA o'14/ �L&-L'7
Idi er Schrieber ity Clerk