The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION # 2021-53
Preliminarily approving Proposed Amendment to Monticello Urban Renewal Plan to include McMATT Properties Project, and to schedule a Public Hearing on the proposed Urban Renewal Plan amendment for the 21st day of June 2021 at 6:00 p.m
WHEREAS, The City of Monticello is contemplating the entry into a development agreement with McMATT Properties in relation to the proposed construction of a new 47- unit rental storage facility on the northernmost 105 feet of the tract of land having PIN 0216300030 to the City of Monticello, County of Jones, State of Iowa, along John Drive in the Industrial Park, and
WHEREAS, The Council is concurrently considering amendments to the Urban Renewal Plan to provide for the granting of incentives to said McMATT Properties project, and
WHEREAS, A public hearing must also be scheduled to add the proposed project to the Urban Renewal Plan before the City may utilize TIF to pay for said obligations under the Development Agreement, and
WHEREAS, The Council finds that a Public Hearing should be set for 21st day of June, 2021 to amend the Monticello Urban Renewal Plan should the Development Agreement be approved.
NOW, THEREFORE, BE IT RESOLVED by the City Council does hereby schedule a Public Hearing for the 21st day of June, 2021 at 6:00 p.m. at the regularly scheduled City Council Meeting, same to be held in Council Chambers at the Monticello Renaissance Center, at which time the Council will consider the approval of the amendment of the Monticello Urban Renewal Plan to allow for the use of tax increment to satisfy and/or pay the incentives as set forth within the Development Agreement.
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 3rd day of May, 2021.
Brian Wolken, Mayor
Attest:
Sally Hinrichsen, City Clerk