The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION # 2021-74
Approving Grant Agreement between the City of Monticello and the Iowa Economic Development Authority, Iowa Center for Community Catalyst Building Remediation Grant
WHEREAS, the City of Monticello obtained ownership of the building located at 103 W. 1st Street due to its dilapidated and failing condition in 2019, and
WHEREAS, the City Council has, since taking ownership, investigated the overall building condition, obtaining a Phase 1 Environmental Inspection and Asbestos Inspection with the Costs reimbursed to the City by the Iowa DNR Brownfields program, and has also paid for a commercial building inspection, a structural inspection, and a demolition cost estimate, and
WHEREAS, the Council found that renovating the building as opposed to demolition of the building would be beneficial in that it would not create two large holes in the downtown landscape and with successful grant applications may be a lesser cost alternative and would, by keeping the renovated building standing, keep property on the tax rolls, and
WHEREAS, City staff, and County Economic Development Director Derek Lumsden, worked together on the Rural Innovation Grant available through the Iowa Economic Development Authority, requesting the maximum of $100,000, with a $50,000 match being required, the grant proceeds proposed to be used for the redevelopment or rehabilitation of the building, and
WHEREAS, the City Council previously approved submission of the grant and found that the grant funds would be of benefit to the City and the Developer as set forth within Resolution 2021-3, and
WHEREAS, The Application was submitted and was awarded the grant requested in the amount of $100,000, a Grant Agreement having been received and hereby proposed for approval, and
WHEREAS, the City Council reaffirms its support for the grant and project in general and finds that the Mayor should be authorized to execute the Grant Agreement and related documents on behalf of the City Council.
NOW THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby approve the Grant Agreement between the City of Monticello and the Iowa Economic Development Authority, Iowa Center for Rural Revitalization, Rural Innovation Grant Agreement, and authorizes the Mayor to execute the grant agreement and related documents on behalf of the City.
IN THE TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal for the City of Monticello, Iowa to be affixed. Done this 6th day of July, 2021.
Brian Wolken, Mayor
Attest:
Sally Hinrichsen, City Clerk