City of Monticello Agenda Packet 2026-05-18
City plans TIF agreement with BMR Investments
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Description
Monticello’s urban renewal plan amendment authorizes a Development Agreement with BMR Investments, LLC to support construction of a new veterinary clinic at 1321 S. Main Street. The City plans to provide up to $250,000 in TIF-funded economic development payments plus related administrative costs.
Contract Details
Contract Amount
Not to exceed $250,000, plus up to $8,000 in admin fees
Vendor
BMR INVESTMENTS LLC
Agency
City of Monticello, IA
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Renewal Info
Annual appropriation economic development payments will be subject to yearly council appropriation under the Development Agreement; specific schedule and end date will be defined in the final agreement.
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