The City of Monticello, Iowa
RESOLUTION #2024-89
Approving Jones County Economic Development (JCED) Agreement for Low-Mod Housing Program
WHEREAS, the City of Monticello is desirous of assistance to serve and benefit the low-and moderate-income residents of Monticello is an effective and efficient means to those ends, particularly in regard to underserved portions of the population., and
WHEREAS, JCED has offered services to the City for administration of the City’s TIF Set-Aside Funding for financial assistance to low- and moderate-income households, which will allow JCED to offer the Services to City residents in the coming years. The City finds that a payment to JCED to help ensure the ongoing operation of this program is a reasonable and appropriate use of TIF funds that must be used to promote low- and moderate-income housing, and
WHEREAS, The City Council finds that the Services offered by JCED serves an important public purpose to promote the provision of safe and sanitary housing for low- and moderate-income residents of Monticello and it is in the City’s best interest to agree to the Agreement for Low-Mod Housing Program with JCED.
NOW, THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby approve the Agreement for Low-Mod Housing Program between the City of Monticello and Jones County Economic Development (JCED).
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 May, 2024.
Wayne Peach, Mayor
Attest:
Sally Hinrichsen, City Clerk/Treasurer