RESOLUTION NO. 2025-99
Approving the Final 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 Owner in the form of payments as a reimbursement 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.
WHEREAS, the City Council, on the 16th day of June, 2025, approved a draft of the Development Agreement by Resolution 2025-80, and since that time the Owner and the City have proceeded in good faith and with due diligence; and
WHEREAS, the engineering design and bidding of the project has changed, as has the cost of the project, which are now incorporated fully in this final version of the Development Agreement.
NOW THEREFORE, IT IS RESOLVED by the City Council of the City of Monticello, Iowa, on this 21st day of July, 2025, by the approval of this Resolution, that the proposed Development Agreement between the City of Monticello and Roger Stephen, and the incentives offered therein, are hereby approved, and the Mayor Pro-Tem and Clerk are hereby authorized to execute the Development Agreement on behalf of the City Council and directed to record said Development Agreement with the Jones County Recorder.
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 21st day of July, 2025.
Wayne Peach, Mayor
Attest:
Sally Hinrichsen, City Clerk/Treasurer