THE CITY OF MONTICELLO, IOWA
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
Resolution to provide direction with regard to sale/transfer of City Owned Property located at 103 West First Street
WHEREAS, The City Council previously agreed to accept RFPs on City owned property located at 103 West First Street and thereafter received RFPs/proposals related to the property and scheduled Public Hearings on the proposed sale/transfer of the property held on April 5, 2021, and November 1, 2021; and
WHEREAS, The Council found the property located at 103 West First Street, which had been in disrepair for several years prior to the City acquiring the property, and the Council wanted to ensure the cleanup of the lot would proceed as quickly as possible and to return the property to the tax rolls, and
WHEREAS, The City entered into an agreement (the “Development Agreement”) with Matt Kumley dba Glass Tap, LLC (the “Developer”) with respect to the restoration and interior construction of a restaurant/bar within the Compadres Building, and future residential units on the second story located at 103West First Street, in Monticello, Iowa, and
WHEREAS, The Council finds that the City Administrator and City Attorney should work with Matt Kumley to finalize details and transfer ownership of the property to Glass Tap LLC.
NOW THEREFORE BE IT RESOLVED by the City of Monticello, through its’ City Council, in session this 23rd day of January 2023 that the sale/transfer of the City property considered is hereby approved and the City Administrator is directed to work with Matt Kumley and to proceed with the preparation of, and authorized to sign any documents necessary to execute the property transfer and closing.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal for the City of Monticello, Iowa to be affixed. Done this 23rd day of January, 2023.
David Goedken, Mayor
Sally Hinrichsen, City Clerk/Treasurer