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Resolution 21-69

The City of Monticello, Iowa

IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA

RESOLUTION # 2021-69

To Approve Amendment to Urban Renewal Plan to include Development Agreement and Economic Incentives to McMATT Properties

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 amend the Urban Renewal Plan to include the provision of incentives to be paid to McMATT Properties consistent with a previously approved Development Agreement in return for the construction of a new 47-unit rental storage facility on a lot located along John Drive in the Industrial Park, and

WHEREAS,         The Council desires to consider all input before making a final decision on the proposed amendment to the Urban Renewal Plan, and

WHEREAS,         A Public Hearing must be scheduled to allow for public input on the proposed amendments, and the public hearing was previously scheduled with appropriate notice published in the Monticello Express for tonight, and

WHEREAS,        The City of Monticello Planning & Zoning Board previously reviewed the proposed amendment and voiced no objections, and

WHEREAS,         The City Administrator invited the School Superintendent and the County Auditor to a meeting to discuss the proposed amendment as required by the Code, and

WHEREAS,         No objections have been received from the County, the School, or anyone else to the proposed amendment.

NOW, THEREFORE, BE IT RESOLVED by the City Council in session this 21st day of June, 2021, that the proposed amendment to the Monticello Urban Renewal Plan, 2021 Plan Amendment #2, approving an amendment to the plan to provide incentives to the Developer in return for the construction of the proposed 47-unit rental storage facility as set out fully in a Development Agreement between the Developer and the City approved by Resolution No.

2021-68 on June 21, 2021.

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 21st day of June, 2021.

Brian Wolken, Mayor

Attest:

Sally Hinrichsen, City Clerk