The City of Monticello, Iowa
RESOLUTION #2024-111
To Approve Amendment to Urban Renewal Plan to include Development
Agreement and Economic Incentives to Highland Corp
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 Highland Corp consistent with a previously approved Development Agreement in return for the construction of twelve new single family home lots to the City of Monticello, County of Jones, State of Iowa, along Valley Drive in Northridge Estates subdivision, known as the Northridge Estates 5th Addition, 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 5th day of August, 2024, that the proposed amendment to the Monticello Urban Renewal Plan, 2024 Plan Amendment #1, approving an amendment to the plan to provide incentives to the Developer in return for the construction of twelve new single family home lots to the City of Monticello, County of Jones, State of Iowa, along Valley Drive in Northridge Estates subdivision, known as the Northridge Estates 5th Addition, as set out fully in a Development Agreement between the Developer and the City to be approved by City Council.
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 5th day of August, 2024.
Wayne Peach, Mayor
Attest:
Sally Hinrichsen, City Clerk/Treasurer