The original item was published from July 14, 2022 1:59 PM to August 16, 2022 2:57 PM
Council Approves Block 52 Council Approves Block 52 Development Agreement
Downtown Monticello is the heart of the community. Ongoing efforts to support and enhance the area are guided by our Downtown Small Area Plan. The Plan focuses on a mix of existing and new spaces, creating a vibrant area year-round.
A signature element of the adopted Plan is redevelopment of Block 52 at the corner of Broadway and TH25. This year the City has been working with a developer on a potential project encompassing a significant part of the block.
At the regular meeting on July 11, 2022, the City Council approved the Final Plat and Development Agreement, Final Stage PUD, and rezoning. This was the final step in the land use approval process for the project and a critical milestone toward bringing the project to life.
With project approvals in place, the developers, Economic Development Authority (EDA), and staff will continue to work towards finalizing a financing assistance package followed by site preparation steps, and other tasks that need to be completed prior to construction. We will continue to provide updates as the project progresses, and you can find additional information on our website.