CITY OF MONTICELLO, IOWA
RESOLUTION #2025-94
Resolution of Support for Ikon Properties proposed rehabilitation
of the “Lovell Lofts” property at 123 E. First Street
WHEREAS, The City Council has been advised of an opportunity to support grant applications for the rehabilitation of the historic Lovell Building at 123 E. First Street, and
WHEREAS, The Council has been advised that various grants from the Main Street Iowa and the Iowa Economic Development Authority are being requested to assist with the investment necessary for this project, which may include a community investment being required as match(es) for said grants, and
WHEREAS, the Council finds that the future success of the Main Street Program and the downtown is tied to the attraction and maintenance of residents in upper-story housing and positioning retail or commercial space for immediate and safe occupancy, and
WHEREAS, the Council herein supports the future grant applications to be submitted to the Iowa Economic Development Authority, with decisions for the actual match that may be provided by the City to be determined by separate action of the Council in the future as part of the grant applications.
NOW THEREFORE BE IT RESOLVED by the City of Monticello, through its’ City Council, in session this 7th day of July, 2025, does hereby support the proposed rehabilitation and future uses proposed for the Lovell Lofts and also supports the submission of the Iowa EDA Grants or other funding assistance, with local matches to be determined in the future.
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 7th day of July, 2025.
Wayne Peach, Mayor
Attest:
Sally Hinrichsen, City Clerk