RESOLUTION NO. 2025-80
Approving Development Agreement between City of Monticello and Roger Stephen Related to the Development of Brad Stephen Addition and the Extension of Sanitary Sewer and other public infrastructure
WHEREAS, the City proposes to enter into an agreement (the “Development Agreement”) with Roger Stephen (the “Owner”) with respect to the construction of a sanitary sewer and other public improvements to service the development of a portion of the tract of land located on the east side of South Main Street, in the City of Monticello, County of Jones, State of Iowa, and
WHEREAS, the Development Agreement would provide financial incentives to the Developer in the form of payments for a portion of the public infrastructure necessary to construct the subdivision, and
WHEREAS, the City Council has previously scheduled and held a public hearing on the proposed Development Agreement, on June 16, 2025, at 6:00 p.m.
NOW THEREFORE, IT IS RESOLVED by the City Council of the City of Monticello, Iowa, on this 16th day of June, 2025, by the approval of this Resolution, does hereby approve the proposed Development Agreement and incentives offered therein.
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 16th day of June, 2025.
Wayne Peach, Mayor
Attest:
Sally Hinrichsen, City Clerk/Treasurer