The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION #17- 31
Approving 2017 Amendment Number 1 to the City of Monticello Urban Renewal Plan
WHEREAS, The City of Monticello has previously created the Monticello Urban Renewal Area, as subsequently amended, hereinafter referenced as the “Urban Renewal Area”, and
WHEREAS, The Council, being been duly advised, has determined it appropriate and desirable to expand the Urban Renewal Area to add and include all property as described within Exhibit A, with an associated amendment to the Urban Renewal Plan as set out within Exhibit B, and
WHEREAS, The Council desires to consider all input before making a final decision on the proposed amendments to the Urban Renewal Area and Urban Renewal Plan, and
WHEREAS, A Public Hearing must be scheduled to allow for public input on the proposed amendments.
NOW, THEREFORE, BE IT RESOLVED by the City Council in session this 20th day of March, 2017 as follows:
1. That Public Hearing is hereby scheduled for the 3rd day of April, 2017 at 6:00 p.m. at the regularly scheduled City Council Meeting, same to be held in Council Chambers at the Monticello Renaissance Center.
2. The City Clerk shall publish notice of said hearing, same to be in the form of the notice attached hereto, and identified as “Exhibit C”, in the Monticello Express not less than four nor more than twenty days prior to the date set for hearing.
3. City Administrator, Doug Herman, is designated as the City’s representative in connection with the consultation process per Iowa Code section 403.5.
4. The proposed Urban Renewal Plan Amendment is hereby submitted to the City of Monticello Planning and Zoning Board for review and recommendation, as required by Iowa Code Section 403.5.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal of the City of Monticello, Iowa to be affixed hereto. Done this 20th day of March, 2017.
Dena Himes, Mayor
Attest:
Sally Hinrichsen, City Clerk
Exhibit A
General Description and Legal Description
Of
Property to be added to Urban Renewal Area
The Orbis Manufacturing facility located at 206 Plastic Lane legally described as follows: Lot 9, Industrial Park Addition to Monticello, Iowa.
Exhibit B
AMENDMENT
MONTICELLO URBAN RENEWAL AREA
And
MONTICELLO URBAN RENEWAL PLAN
April, 2017
The urban renewal plan for the Monticello Urban Renewal Area, is being amended to increase the size of the district. The area to be added to the Urban Renewal Area is illustrated as set forth within Exhibit A and described in Exhibit B, both attached hereto.
If the proposed Ordinance, incorporating and addressing this amendment is adopted during calendar year 2017, and if debt payable from incremental taxes is certified to the County Auditor by December 1, 2017, the area being added to the district as a result of this amendment will have a “frozen base’ as of the January 1, 2016 valuation date.
The adoption of this plan amendment will result in the additional area being designated as an “Economic Development Area”, desirable for the promotion of economic development. The new area will also be subject to the terms and provisions of the original plan. In addition to those purposes set out in the original urban renewal plan, as subsequently amended, this amendment will add to the plan the use of tax increment financing for the following proposed projects:
1). The provision of economic development incentives, by way of property tax rebates, to Orbis Manufacturing, Inc.
The following information is provided pursuant to Iowa Code Section 403.17:
Constitutional Debt Limit of the City: $ 11,207,699
Outstanding General Obligation Debt of the City[1]: $ 4,685,000
Proposed debt to be incurred in connection with
This amendment[2]: $ 1,086,610
Exhibit C
NOTICE OF PUBLIC HEARING ON DESIGNATION OF EXPANDED AND AMENDED MONTICELLO URBAN RENEWAL AREA AND MONTICELLO URBAN RENEWAL PLAN
Notice Is Hereby Given: That at 6:00 o’clock p.m., at the Mary Lovell LeVan, Monticello Renaissance Center, Community Media Center, 220 East First Street, Monticello, Iowa, on the 3rd day of April, 2017, there will be conducted a public hearing on the question of designating an expanded Monticello Urban Renewal Area, pursuant to Chapter 403, Code of Iowa, by adding and including the property generally described as follows:
Orbis Manufacturing property located at 206 Plastic Lane, Monticello, Iowa legally described as follows: Lot 9, Industrial Park Addition to Monticello, Iowa.
The proposed amendment to the urban renewal area brings the property described above under the plan and makes it subject to the provisions of the plan.
The Urban Renewal Plan is proposed to be amended by adding proposed tax incentives to be made available by the City of Monticello to Orbis manufacturing in relation to a proposed addition of approximately 100,000 sf to their existing facility, the addition to be largely utilized for warehousing, but also freeing up existing space within the Orbis facility for additional manufacturing space.
At said hearing any interested person may file written objections or comments and may be heard orally with respect to the subject matters of the hearing.
Sally Hinrichsen
City Clerk
[1] After June 1, 2017 principal payments the General Obligation Debt of the City equals $4,535,000. Obligations under various Developer’s Agreements due in FY ’18 total approximately $150,000. Those two obligations together total $4,685,000.
[2] The debt incurred herein shall be subject to annual appropriation by the City Council.