City of Monticello, Iowa
RESOLUTION NO. 2026-17
Approving the Final Development Agreement between
City of Monticello and Robert E. Johnson Related to the
Expansion of Minntex/Eastern Iowa Sports Facility
WHEREAS, the City of Monticello, Iowa (the “City”), pursuant to and in strict compliance with all laws applicable to the City, and in particular the provisions of Chapter 403 of the Code of Iowa, has adopted an Urban Renewal Plan for the Monticello Urban Renewal Area (the “Urban Renewal Area”); and
WHEREAS, this City Council has adopted an ordinance providing for the division of taxes levied on taxable property in various Urban Renewal Areas pursuant to Section 403.19 of the Code of Iowa and establishing the fund referred to in Subsection 2 of Section 403.19 of the Code of Iowa, which fund and the portion of taxes referred to in that subsection may be irrevocably pledged by the City for the payment of indebtedness incurred by the City to support an Urban Renewal Project in the Urban Renewal Area; and
WHEREAS, the City proposes to enter into an agreement (the “Development Agreement”) with Robert E. Johnson (the “Developer”) with respect to the construction of a 7300 square foot expansion at 702 John Drive, in the City of Monticello, County of Jones, State of Iowa, and
WHEREAS, the Development Agreement provides financial incentives to the Developer for economic development purposes in the form of tax rebate payments, and
WHEREAS, the City Council has previously scheduled and held a public hearing on the proposed Development Agreement, on February 16, 2026, at 6:00 p.m., and
WHEREAS, the expansion proposal is appropriately located in an industrial area, and the expansion of the building would result in further investment in the community, higher property values, and the opportunity for additional employment, the project would be beneficial to the Community and in line with the Comprehensive Plan and the Urban Renewal Plan, the City Council finds that the incentives provided Developer under the terms of the Development Agreement serve a public purpose and are otherwise appropriate, and that the Development Agreement should, therefore, be approved;
NOW THEREFORE, IT IS RESOLVED by the City Council of the City of Monticello, Iowa, on this 16th day of February, 2026, by the approval of this Resolution, that the proposed Development Agreement between the City of Monticello and Robert E. Johnson, and the incentives offered therein, are hereby approved, and the Mayor and Clerk are hereby authorized to execute both on behalf of the City Council.
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 February, 2026.
Jake Ellwood, Mayor
Attest:
Sally Hinrichsen, City Clerk/Treasurer