The City of Monticello, Iowa
RESOLUTION #2025-10
Preliminarily approving Proposed Amendment to Monticello Urban Renewal Plan to include the KwikStar project, and to schedule a Public Hearing on the proposed Urban Renewal Plan amendment for the 17th day of February, 2025, at 6:00 p.m.
WHEREAS, The City of Monticello is contemplating the entry into a development agreement with Kwik Trip Inc. in relation to the proposed construction of a new KwikStar gas station and convenience store in the City of Monticello, County of Jones, State of Iowa, along Welter Drive in Welter’s Addition, and
WHEREAS, The Council is concurrently considering amendments to the Urban Renewal Plan to provide for the granting of incentives to said project, and
WHEREAS, A public hearing must also be scheduled to add the proposed project to the Urban Renewal Plan before the City may utilize TIF to pay for said obligations under the Development Agreement, and
WHEREAS, The Council finds that the land is prime for Economic Development, and that new retail and convenience uses are an important component of Economic Development, and staff is hereby directed to proceed with Urban Renewal Plan amendment, and a Public Hearing should be set for the 17th day of February, 2025, to consider amending the Monticello Urban Renewal Plan and consider approval of the Development Agreement.
NOW, THEREFORE, BE IT RESOLVED by the City Council does hereby schedule a Public Hearing for the 17th day of February, 2025, at 6:00 p.m. at the regularly scheduled City Council Meeting, same to be held in Council Chambers at the Monticello Renaissance Center, at which time the Council will consider the approval of the amendment of the Monticello Urban Renewal Plan to allow for the use of tax increment to satisfy and/or pay the incentives as set forth within the draft Development Agreement.
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 January, 2025.
Wayne Peach, Mayor
Attest:
Sally Hinrichsen, City Clerk/Treasurer