The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION #2020-62
Approving transfer of building located at 101 East 1st Street from the Welter Family to the City of Monticello and plan to transfer building from City to the Creative Adventure Lab, Inc.
WHEREAS, The Welter family has offered to donate, at no cost, the old dime store building located at 101 E. 1st Street, Monticello, to the City of Monticello, and
WHEREAS, The City Council previously, by Resolution 19-135 supported the creation of an Innovation Lab in Monticello, said Innovation Lab to be affiliated with the Innovation Lab in Dubuque, and
WHEREAS, After conversations with the Executive Director of the Creative Adventure Lab and Innovation Lab in Dubuque, they have expressed interest in taking over ownership of the old Dime Store from the City and not only renovating the building to be home to the Innovation Lab but also a Creative Adventure Lab, as well as reserving space for a downtown / Main Street office, and
WHEREAS, City ownership of the building for a period of time will allow the City to take advantage of certain grants that would not be available to the Creative Adventure Lab, including asbestos inspection and removal, if necessary, and potentially a facade / entryway grant, and
WHEREAS, The Creative Adventure Lab has submitted a Letter of Intent to take over ownership from the City as set forth herein, to cover any costs incurred by the City in updating or renovating the building so long as those expenses are preapproved by the Creative Adventure Lab, Inc., and then to fundraise and renovate the building with a targeted opening date in the Fall of 2021, and
WHEREAS, The Council finds that the proposed use of the building would be a good use for not only the building but the community in general, noting that many comments were received during the Downtown Assessment performed by the Iowa Economic Development Authority in October, 2019.
NOW THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby approve of the transfer of the building located at 101 East 1st Street from the Welter Family to the City of Monticello and the plan to transfer the building from City to the Creative Adventure Lab, Inc., further authorizing the City Administrator to pursue grants that will improve the building in advance of the transfer with the preapproval of the Creative Adventure Lab and the agreement of the Creative Adventure Lab to reimburse the City for any such costs incurred by the City prior to transfer.
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 4th day of May, 2020.
Brian Wolken, Mayor
Attest:
Sally Hinrichsen, City Clerk