The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION #2020-74
Approving correction of typographical error in Royal Flush Development Agreement.
WHEREAS, The City of Monticello entered into a Development Agreement with Royal Flush, same having been approved on the 3rd day of June, 2019 by Resolution #19-77, and
WHEREAS, It has since been determined that there is an error in the Tax Rebate Schedule as set out in the agreement, the error falling into the general category of being “typographical” in nature, and
WHEREAS, The Council finds that the rebate schedule inadvertently left out the time frame of 2021-2022, same being year two of the ten-year rebate schedule, and that the agreement should be corrected by adding that timeframe into the schedule and removing the year 2030-2031 as that would be an 11th year, one more year than agreed to by the parties.
NOW THEREFORE, BE IT RESOLVED that the Council does hereby approve of the amendment to the Development Agreement between the City of Monticello and Royal Flush Truck Wash, Inc. as set forth herein, adding the FY 2021-2022 to the Rebate schedule and removing the FY 2030-2031 from the Rebate schedule.
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 15th day of June, 2020.
Brian Wolken, Mayor
Attest:
Sally Hinrichsen, City Clerk