EDA Agenda 01-09-2019 (Workshop Meeting)AGENDA
WORKSHOP MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, January 9th, 2019 — 4:30 p.m.
Mississippi Room, Monticello Community Center
Commissioners: President Steve Johnson, Vice President Bill Tapper, Treasurer Jon
Morphew, Tracy Hinz, 011ie Koropchak-White and Council members Lloyd
Hilgart and Jim Davidson
Staff: Jeff O'Neill, Angela Schumann, EDA Executive Director Jim Thares, Jacob
Thunander, Wayne Oberg
1. Call to Order
2. Roll Call
3. Review of Funds Balances
4. 2019 EDA Annual Workplan
5. Other
6. Adj ournment
3.
EDA Workshop Agenda — O1/09/19
Consideration of Discussion re�ardin� Funds Balances (JT)
A. REFERENCE AND BACKGROUND:
This item is in consideration of discussion about the EDA Funds Balances. There are
numerous sub-funds (GMEF, SCDP-RLF, TIF Accounts) under the EDA's control. Staff
has asked the Finance Department to provide a best guess YE2018 estimate for 2019
objectives' budget matching. This will help the EDA to shape the Workplan going
forward and guide realistic visions of the resources that are available to try to accomplish
particular obj ectives.
General Fund Balance:
Estimated near year-end balance is $1,180,000 +/-. The General Fund can be used for a
variety of needs/purposes including land acquisition. The general expected operational
costs for 2019 are about $250,000 +/-. Preserving an additional margin of at least
$130,000 +/- for unforeseen expenditures, would leave an estimate of $800,000 +/- to use
for potential land acquisition.
TIF Funds:
1-6 — $712,941
1-19 — $249,665
1-23 - $108,823
1-22 - $129,656
1-24 - $163,415
1-29 - $112,686
1-30 - ($16,506)
1-34 - $2,503
1-35 - $1,954
Redevelopment [Fa�ade Impr. Prog. Commitment = [$200,000]
Affordable Housing [Briggs Commitment] *
Redevelopment
Redevelopment = $101,209.47 and Aff. Housing = $28,446.53
Affordable Housing [Briggs Commitment] *
Affordable Housing
Affordable Housing
No future funds available
Redevelopment
Expected and Potential Revenue in 2019
HRA Levy $175,500 in late June
HRA Levy $175,500 in early December
Potential Land Sale in Otter Creek Business Park =$81,000 +/- High Confidence
Potential Land Sale in Otter Creek Business Park =$240,000 +/- Low Confidence
Al. STAFF IMPACT: The staff impact due to presenting the 2019 Funds Balances
information to the EDA for review and discussion is minimal; estimated to be 6 hours
(includes time during the EDA meetings).
A2. BUDGET IMPACT: There is minimal cost outside of reviewing the Funds
Balances in an EDA Workshop and none outside of limited staff time and office supplies.
B. ALTERNATIVE ACTIONS:
None needed; discussion only
C. STAFF RECOMMENDATION:
The discussion of the Funds Balances will help the EDA understand its available
resources and give it guidance into formulating the 2019 Goals and Obj ectives
Workplan.
D. SUPPORTING DATA:
a. EDA Financial Statements as of 12-17-2018
b. TIF Fund Balances and Projections
c. TIF Management Plan Available Funds Policy
2
O
J
J
L1J
U
H
z
O
�
LL
0
�
�
U
v, � � � v,
v v
LL � � �
� N � �
va va
o � � � o 0
N �N V
LL N (O � �
H N N � (O
va va
� � � � �
� �
LL � O O
� N � �
V-T V-T
N i i i N
� �
LL � � �
H � N N
V) V)
� i i i �
� �
LL -a N N
H � � �
V) V)
L
LL �
H j
LL
V) V)
ll� ' ' N ' �
LL � � O
W � � �
� � � �
�F? �F?
l!� V l!� � W N
jp N l!� V 00 l!�
Q � W � � �
W (; � (h l!�
V) V)
V
v
N
u� � u� u�
v v v
� � �
�
co � co 0
(O (O V
N N �
� � �
�
r� � r� r�
� � �
O O O
V-T
� ' � �
V V V
N N N
V-T
� ' � �
N N N
� � �
V-T
' rn rn
��
� �
V-T
� ' � �
O O O
� � �
�F?
� � � N
N (O l!�
N N �
N N N
V-T
N
W
N
� X
� �
N �
� �-
LL �
O � W
..�-�
� � � � � � � U
in � > °� � � � � � � > y m w a
N �� � (6 > fA '= LL N W � H m
� y C U> O W (6 � Q� Z� Z '6 J
-o� �� �-oc� N�--o a�.�6 p� Q-o �m�
�� a-o �� c� W-o a� � W m J a� � Q�
y �6 >_ �� � � Q H � E � �° � 'm a .� � �o � �
W�� � m o� Q J m� N H W� ����� Q �
yUd' �ZJO Q�� W W� ?d'Q �Q
Q � J 0 LL H
O
J
J
L1J
U
�
z
0
�
L.L
O
�
�
U
� V � N W �
N l!� � O V
� Q N V N �
Op ao rno�
~ W v c� �
V-T V-T
0 � � N � � N
d .� � �
Q = � �
Q �j � �
� O `�
�
� va va
LL p
H �
V) V)
� i i i �
N � N
O O
LL � � �
� M
V) V)
� i i i �
N � N
� �
LL � �
� M
V-T V-T
�, , , , �,
� �
LL � N N
� M
V-T V-T
� i i i i �
W W
LL � N N
� M � �
V-T V-T
� i i i i �
LL � N N
� N � �
� �
r�Oi I r�Oi I u�i
� I I
V � � V
O O
� �
N N
V-T
V-T
W � O �
c��u� v
� � W W
u� o co co
N l!� I� I�
V-T
O � O l!�
N N V
� � �
�
V-T
(`") ' (`") V
O O O
� � V
V-T
V ' V V
� � �
V-T
o ' o 0
� � �
N N N
V-T
(O ' (O W
l!� l!� W
(O (O N
V-T
� ' � �
N N N
�
N
W
N
� X
� �
N �
� �-
LL �
O � W
..�-�
� � � � � � � U
in � > °� � � � � � � > y m w a
N �� � (6 > fA '= LL N W � H m
� y C U> O W (6 � Q� Z� Z '6 J
-o� �� �-oc� N�--o a�.�6 p� Q-o �m�
�� a-o �� c� W-o a� � W m J a� � Q�
y �6 >_ �� � � Q H � E � �° � 'm a .� � �o � �
W�� � m o� Q J m� N H W� ����� Q �
yUd' �ZJO Q�� W W� ?d'Q �Q
Q � J 0 LL H
�
N
�
U
a�
�
I I
�
O
J
J
L1J
U
H
z
O
�
L.L
0
�
�
U
LL �
� N
LL N
� N
LL p
� N
LL �
H �
� � �
N N
c� c�
v v
va
� � �
� �
N N
va
� � � �
rn rn
� �
�
, � , �
W W
N N
� �
V-T
L
LL �
H j
LL
LL
W
�
c�
Q L
� �
W y
i�
i i i i i i i i i i i i i i ii i
� � � i � i � � � � � � � � � � � � � � � i � i �
V)
i i i i i i i i i i i i i i ii i
�rnrnv��rnvu��cornco � � c�
(O l!� I� O I� I� 00 �� 00 l!�
00 V� O V V l!� N 00 V(h 00 00
� N N N� �(h (O (h � V O
N
N
�
�
N
�
� co rn u�
c� �
N V
(h O (h
V N (O
�
� � rn �
I� N l!�
(`") O (O
� (O N
� N �
�
� u� ao r�
a00i v o�o
� - �
O O
�
' N (h l!�
N N �
N I� �
� N N
V-T
� � V V
� �
N N
� � �
7
� '.�
O
� � � � U
rn rn
v v
� �
V-T
� (`") V �
(h I� O
N V I�
� �
�
(h ' (h V N (O
V V (O � (O
(O (O I� W (O
� O � �
� � �F?
�
�
� � � �
_ � �
�� s � � �
Q N
� _ �;� �, �
� O U -6 7 7
Q N C 0 N
tll tll � t U � tll j N U
U U � � � tll O� � C �
N � � � � � � y "" V N
N rn a�a��a� � ��a��� o � � �
��� � ����� �, o���� � N � �
� �_ � ��=�x � �_ �� _
� � � � � � �,x � � �
�
x��> � ��.00���,�'� ���-��Q� �� � �'.=_o� �
� N fA �fA tl1 '
�, � � � �, w �n �n � �6 � �� m � '� � � N � m '� � � � � o a�
N� U (p � C(p � w w (6 Q Y N:= N� N N O '6 '6 (6 w w(6 �
� a� � � o o> rn o a� — �n � s �} H � � �
� Q�— � o=o � m a� a a� �6 �'— x Q �n a� w�� o m
� o��H � 3cnmaa��a����HOwa �n n m m� c�i
� a H O QU X axi t H H �
� w w o z
�
�
�
O �
� �
C �,
.�
C O
'rn �
� �
� �
U U
� �
N N
� �
� �
� �
� �
� �
O
J
J
L1J
U
H
z
O
�
LL
O
�
�
U
� N W N
I� O l!� (h
RQ u�c�irn
0 � � � �
�w
va
c
o � �
a .�
� V
� O
�
� �
LL p
H �
�
� � � �
� �
LL � � �
� M
V-T
LL �
� M
V-T
LL �
� M
LL p
� M
LL �
� N
i � i �
W W
� �
�
,� ,�
� �
O O
�
, � , �
V V
N N
�
I� � � V � I� � V l!� V (O � (h (O (O �
(O l!� I� � l!� I� 00 � I� 00 N� N� N
� 00 V(`") O I� V l!� N O V(h O (`") (h �
� N N (O � � (h (O � � � (h (h � (O �
N � (O N
, , , , , , , , , , , , , , ,I ,I ,I
� � � � � � � � � � � � � � � � � , �
� � � � � � � � � � � � � � ���
� O N O O O
V O l!� V l!�
(O O (h N 00 O
� �N � N V (�O
� �
�
� � o 0
N N
� �
� �
va
�
� � o c�
(O � N
� � O
V � �
N �
V-T
' N � V
(`') W N
`-' � �
V-T
' O O 00 (h
O O (NO � ll�
O O V N
O O `-'
�
� � � �
� � o
I� N l!�
O N (O
�
' V N (O
O l!� (O
l!� O N
�
�
�
� � � �
_ � �
�� s � � � �
� �
� O U -6 7 7 T
Q N C O N O
tll tll � L U � tll j N U � N
U U � � N tll O N � C � '� >'
N �� � � ,�N C tll "�-' V (6 C O
N � � � �, � � � � �� � N � � �� �
��� � ����� � o���� � N � � � �
� �_ � ��=�x � �_ �� _
� � � �
x��> � ��.00���,�'� ���-��Q� �� � �'.=_o� � � �
� � � �� � �
�, � � � �, w �n �n � �6 � �� m � '� � � N � m '� � � � � o a� � �
N� U (p � C(p � w w (6 Q Y N:= N � N N O '6 '6 (6 w w (6 � (6 (6
3�� � � o o�� o m�= N� s �} H �� N N � m m
Q� � o=o m a� a a� x Q N°� � m m� � � �
� o��H � 3cnmaa��a����HOwa �n n H � � �
� d H O QU X axi t H H � � �
d' W W O Z L� L�
�
i+
N
O �
� C1 m
N C -+
Y 'v w
N � C v
d O � t=O
� � li A
~ O C m
W
�
+�'+ E 3
V ` LL
�
x
�
�
w
O
rn
�
v
n.
O
N
�
�
�
c
0
V
C
�
3
d
.�
�
�
O
�
U
-0
�
7
�
.�
�
.�
v
�
O
V
�
'v� �
N L
O ~
z �--I
v
�
�� �
v�
�
v �
� �
o �
L ,/�
¢ ti Y !
� � �
a, -
Y �
� �
� �
o �
� �a
� >,
ofC°
V C
v �
� W
Q L
�+ �
C
N
E O O
Q •Y o
o � �
a o 0
> in N
N N a�v
� i
U �T N
.� @ �
O ) 7
c O �
O Q )
a Q ,'^
Oro �
L ry
Ot '-' O
C 7� �
� O
7
'n O � -O
O � w �
N �
-d O �
aL�
� Q O �
� O � a�
T y � �
O � �j �
m � � a� O
�d (O �
v O � �
N � p �
� � �a a� -a
a�i � � ��a �
a� �
� � '� °'
'p Q L
_ � c � H
c � w
3 �. � v ro �
t � � � � �
� Z ¢ .'_^
U N v ' � �
� �^ w
� p .o � � io
� .L N
� � a O H
� d O
a c
s � � v .a �
a�
� � o E iv s
N w � O.. 61 �
O � N N � �6
�
T O � � � .�
�
N = p d' N �
O � x �
� t ¢� O � ro
>
� � � � � v
_ � _ � �
� � � .� O �
v -�p a� `�° � �
N y N C
-p `J N � N
N la � d a"�-+
� tn L v O -O
O -a }' L � c
� 3 c � �
-o w 3 �
� N � O d -p
C � d � �' �
R cV �/1 f� U
Q U � � v C
-O � N
O .� �p `° O
c '^ � c
� ry
a' _ � O a�'i
� O � � O
� � �
V rv C O �' ni
y ,� C lJ
�"' ] � V� � C
'p Q c0
� � � C � �
N � � � � �
v � N N v �
H Q Q H H H
N m V �n �9 f�
Policy Statements for Management of Available Tax
Increment Financing (TIF) Funds
The City of Monticello Economic Development Authority (the "EDA") has prepared the following policy
statements to guide both staff and EDA members to make consistent and informed financial decisions
regarding the use of available tax increment financing (TIF) funds. The policy statements are intended to
be a guide. The EDA may determine to allocate funds to other types of projects, not included below,
based on other criteria and factors that may exist. The EDA defines "available TIF funds" as both current
and future projected dollars legally available within established TIF funds, and not committed to existing
obligations, for the EDA to spend on redevelopment and/or assisting affordable housing projects, all
pursuant to Minnesota Statutes, Sections 469.174 through 469.1794, inclusive, as amended (the "TIF
Act").
POLICY STATEMENTS:
Redevelopment Prolects
The EDA will consider allocating available TIF funds, without priority order, to the following types
of redevelopment projects:
1. Acquisition of property — Block 52 to facilitate redevelopment consistent with the objectives
of the Downtown Small Area Study.
2. Acquisition of Property — Block 34 to facilitate redevelopment consistent with the objectives
of the Downtown Small Area Study.
Acquisition of Property - Other downtown sites that provide relatively immediate
development opportunities that support the objectives of the Comprehensive Plan and the
Downtown Small Area Study.
4. Masters Fifth Avenue Site — Assistance for underground or structured parking improvements
for a development consistent with the objectives of the Comprehensive Plan, the Downtown
Small Area Study, the TIF Plan and the existing Contract for Private Development, and
approved by the EDA.
5. Assistance for installation of public or private infrastructure and value-added site
improvements such as underground or structured parking for redevelopment projects
consistent with the objectives of the Comprehensive Plan and/or the Downtown Small Area
Study and approved by the EDA.
Page � 1
January 10, 2018 (Revised)
508678v2 MNI MN190-]O1
Affordable Housin� Proiects
The EDA will consider allocating available TIF funds, without priority order, to the following types
of affordable housing projects:
1. Assistance to lower overall project costs via reimbursement of TIF-eligible expenses related
to projects that meet the EDA's value-added standards/criteria.
Block 52 —Assistance for underground or structured parking and/or value added site
improvements in connection with a market-rate, multi-family housing with an affordable
component.
3. City Core - Establishment of a scattered-site owner-occupied rehabilitation program.
4. Downtown Area - Assistance for underground or structured parking and/or value added site
improvements in connection with development of market-rate, multi-family projects with
an affordable component.
5. City-wide — Assistance for the installation of public or private infrastructure serving sites to
be developed with market rate, multi-family housing with an affordable component
6. Acquisition of property for purposes of facilitating development of a market-rate, multi-
family housing project with an affordable component consistent with the goals and
objectives of the Comprehensive Plan.
Page � 2
January 10, 2018 (Revised)
508678v2 MNl MN190-101
EDA Agenda: O1/09/19
4. Consideration of Discussion of 2019 EDA Workplan (JT)
A. REFERENCE AND BACKGROUND:
At the December 12, 2018 regular EDA meeting, the 2018 Workplan status update was
provide to members and a 2019 Goals and Objectives Worksheet was also handed out so
feedback and discussion on the 2019 Workplan could begin. The intent is to continue this
effort in the January EDA Workshop.
Attached to this report are the 2018 Workplan status update and the Worksheet. During
the Workshop, staff will be available to guide discussion and provide additional clarifying
information to help in the formulation of the 2019 Workplan. If the EDA is satisfied with
progress at the completion of the Workshop, then staff will bring a clean version of the
proposed 2019 Workplan to the February meeting for consideration of adoption.
Al. Staff Impact: The work related to developing the 2019 Workplan falls under the
category of ordinary duties/tasks that go hand in hand with supporting the EDA and
sound administration of guiding and supporting the EDA. Staff involved included
the Economic Development Manager and Community Development Director. The
estimated time commitment is 5 to 7 hours which includes EDA meeting time.
A2. Budget Impact: Very minimal impact.
B. ALTERNATIVE ACTIONS:
No Motion needed; Discussion only
C. STAFF RECOMMENDATION:
None; Discussion only
D. SUPPORTING DATA:
a. 2018 EDA Workplan Status Update
b. 2019 Goals and Objectives Worksheet
c. 2019 Goals and Objectives Suggestions from EDA Members
ECONOMIC DEVELOPMENT AUTHORITY
2018 ANNUAL ECONOMIC DEVELOPMENT WORK PLAN
2018 Summary Report
EDA Purpose:
The EDA is charged with coordinating and administering the City of Monticello's economic
development and redevelopment plans and programs. The EDA is also responsible for housing
and housing redevelopment.
EDA Work Plan Mission Statement:
The EDA's work plan is adopted in support of achieving the goals of the Monticello
Comprehensive Plan and the 2017/2018 City Strategic Plan. The EDA will be proactive by
developing and undertaking actions for achievement of the Comprehensive Plan's Economic
Development goals and will be reactive in responding to economic development opportunities as
they arise in the most timely and effective manner possible. The EDA shall utilize the economic
development strategies of the Comprehensive Plan, including the Downtown Small Area Plan as
a guide for action.
Comprehensive Plan Goals:
Attracting & Retaining Jobs
Expanding Tax Base
Enhancing Downtown
Facilitating Redevelopment
Housing Choice for Life-Cycle
EDA Objectives:
1. Continue to support redevelopment efforts for publicly-owned properties on Block
52.
a. Focus on site control for targeted redevelopment area on the block Acquired two
key parcels with an estimated two or three more likely to be impacted by East half
redevelopment concepts.
b. Evaluate the opportunities for the future sale of properties on Block 52 and the
value of engaging a partner to expedite redevelopment on Block 52. Currently in
discussions with three interested developers. There is a possibility of a couple
more developers considering the site as they were provided recent information
packets.
c. Support as needed the completion of transportation improvements as envisioned
in the Downtown Small Area Study Plan.
2. Implement the recommendations of the Downtown Small Area Plan
a. Support and advocate for improvements to the downtown as envisioned in the
Small Area Plan Street Lights, New Banners, Initial engineering design activities
for corner bump outs and curb adjustments on Walnut are in the early stages of
being completed by the City Engineer and a consultant engineer.
b. Develop and support the appropriate policies, programs, and incentives that
enable the type of development described in the Plan Established a Fa�ade
Improvement Grant Program and launched in Block 35 only as pilot program.
c. Continue to build a funding base for use in property acquisition and
redevelopment efforts in targeted areas. Levy is the primary ongoing financial
resource that the EDA has to use. Recommended an increase in the levy in 2019
to $348,000
d. Implement a fa�ade improvement program for desired revitalization areas.
Fa�ade Improvement Grant Program launched for Block 35in August 2018.
e. Meet with downtown property owners individually to understand their situation in
terms of willingness to sell, partner, price, etc. Occurred early in year and in a
pause period due to reconciling EDA direction and year-end review of resources
£ Support opportunities for park and trail development as consistent with the
Downtown Small Area Plan. No action in 2018.
3. Engage as a partner in other redevelopment and revitalization opportunities as they
arise, actively encouraging redevelopment within the Downtown.
a. Fund studies that provide policy and strategy framework for desired land uses/or
projects in the downtown and for other programs. No action in 2018.
b. Continue discussion on use of tax reimbursement/abatement, including
development of criteria. No discussion occurred in 2018.
4. Support new multi-family housing development through the use of financing tools
such as excess TIF dollars in TIF 1-6, TIF 1-22 and per adopted Policy Statement
for Available TIF Funds.
a. Develop marketing packets illustrating financial tools and available sites. Not
completed. Used existing materials instead and adapted them to include Extra
Available TIF funds.
b. Dialogue with multi-family housing developers and inform them of available
resources to support MF development. Occurred throughout the year (Briggs,
Mielke-Trident, Wilkie, Headwaters, Arch Management, CM�Il'.
c. Sponsor a multi-family housing developer expo providing site and financial
assistance information facilitating relationship building. Staff level discussion;
suggest that it may make sense to host in spring 2019.
5. Market industrial development at the Monticello Business Center (Otter Creek
Business Park) to a broad variety of prospects.
a. As guided by the Comprehensive Plan, target the following prospect areas:
i. Businesses which will be a supplier, customer or collaborative partner to
existing businesses within the community. Ongoing see prospect list.
ii. Businesses which would benefit from Monticello's utility and
communications infrastructure. Ongoing, see prospect list.
iii. Work with the CentraCare Health System to ensure the retention and
to promote the expansion of health care services in Monticello.
Informal engagement on several levels via common intersects in
various committees, etc. Could perhaps send Centracare officials a
copy of the 2019 Goals and Objectives and/or correspondence if this
item is retained or further refined...make sure that feel supported.
b. Focus on prospects which serve or rely on the St. Cloud and Twin Cities markets.
Ongoing efforts; see prospect list.
c. Actively participate/network with current businesses to help establish external
relationships. Actively networking with Chamber members at events and other
activities and groups within the community and region. Also, through BR&E
efforts.
6. Market EDA incentive programs in a more proactive manner, both within the
community and beyond, beginning with the education on these resources at the EDA
level.
a. Continue to foster external networking opportunities. Involved with CMJTS and
MN-DEED and Initiative Foundation, Enterprise MN, CMMA, etc.
b. Present existing and new incentive programs to smaller community groups, local
banks, realtors, and local businesses. Held multiple meetings with the downtown
property owners and businesses regarding the Fa�ade Improvement Grant
Program.
c. Develop and communicate a"complete" development package program which
provides support and assistance to prospects and developers from inquiry to
construction. Not yet accomplished. Some parts are done, estimate 50 to 60
percent finished.
d. Prepare a multi-format (print, digital) summary resource piece. Completed in a
single format hand out piece 8.5" x 11"
e. Explore the opportunity to develop an incubator building or pre-designed building
shell plans with contractors ready for development. Ongoing exploration; no
commitments yet.
7. Actively (aggressively) market for sale for development the EDA-owned properties
at Cedar Street and Outlot A.
a. Identify types of businesses sought for specific properties and market to these
sectors accordingly. Completed for Block 52; lst and 2"d mailings completed.
Other EDA property; Same approach as Block 52; have not yet created the
marketing piece for the post cards for these areas (Fair Garden Site and Block 34).
Could be a goal for 2019??
b. Identify commercial properties which should be held for larger redevelopment
potential. Ongoing reassessment throughout the year.
8. Encourage more proactive lead development and response in all market segments to
support a diversified tax base.
a. Develop relationships with local realtors and banks. Ongoing.
b. Explore agent/broker relationships; evaluate the opportunity to engage a
development facilitator. Ongoing.
c. Develop a list of target properties and share with realtors and bankers.
Completed.
d. Research and communicate state and federal incentive programs for bringing
businesses into community. Completed; Will need to be updated for 2019.
9. Examine housing stock for aging or blighted properties and research development
of programs for redevelopment and/or revitalization.
a. Understand the state of the current housing stock/inventory and areas of need.
Completed survey with CM�Il' and review of block level valuation map.
b. Identify and prioritize potential programs, such as:
i. Program for acquisition for redevelopment
ii. Program for revitalization
iii. Program to encourage new development in in-fill areas
Held meetings and working sessions with CM�Il' to understand best
ranking of and method to pursue these efforts. CMHP could attend
another EDA workshop meeting in 2019.
c. Utilize available housing TIF dollars per Policy Statements for Available TIF
Funds Approved $400,000 TIF grant to Briggs for underground parking
component of 47-unit market rate housing with an affordable component.
d. Establish clear criteria for "blight" and "cluster areas" for focus of programs. Not
completed.
e. Identify and communicate state and regional programs which could be leveraged
to support identified properties; identify programs applicable to each property.
Ongoing.
10. Support the development of an economic development brand and implement in
economic development activities.
a. Migrate website to City site for more thorough and current site maintenance.
Done.
b. Work with Communications Manager to develop coordinated economic
development marketing plan. Continue to work with communications manager as
to further enhance website and as other opportunities arise.
c. Build value in development resources. Ongoing.
d. Market amenities (including technology and recreation) in a more coordinated
way. Continue to work with Communications Coordinator to accomplish this.
11. Re-engage in business retention and expansion efforts.
a. Continue to engage the IEDC as the primary partner and lead in the Business
Retention and Expansion Program. Partially completed in 2018 (2 BR&E visits
completed. More expected in 2019.
Appendix: Monticello Comprehensive Plan, 2008 — Economic Development
CITY ��OF
,
—� ���.
Monticello
Monticello Economic Development Authority
2019 Goals & Obj ectives Worksheet
To assist in the development of a 2019 EDA Workplan, please provide input on the
following areas:
2018 Workplan
Please list below any incomplete or in-progress objectives from the 2018 EDA Workplan
which should be considered to carry forward.
2019 - New Goals derived �i^om the Downtown Small Area Plan
Please list below any activities related to supporting 2017 Downtown Small Area
Implementation Plan goals and objectives for workplan consideration.
Comprehensive Plan Strateg��y Visioning Ideas
Transportation, Economic Development, Housing, future freeway interchanges, Monticello
with out Xcel Energy Power Plant
1 � It����
Research Topics
Please list below any economic development related topics for which you would like
additional information or other policy development.
To ic
Industrial Land Absorption Study in NE Wright County
Feasibility Study of expanding Otter Creek Business Park
Identification of industrial land development opportunities City-wide
Identification of redevelopment site opportunities
Technolo center incubator in downtown area
Downtown Housin Review-Stud
Established for Block 35
, , . Completed
Ma -June 2018
Other (list):
Other (list):
Other (list):
2 � It����
«s Y� Q� Mfln#icellc� Etonomi�e �}eve�.opmen� Auth+Qrr�.f�
� �..,�.
� � 2Q�9 Gc�a�� 8�c {3bjec�iF� �+1��r�Cshee�
�.--�
���n����
'�v assis# �n �h�e dev�Iop�en# of a?A14 EI�A Ws�rl��laan, glease grovide i�put �rn the
f+���win� ,a���s:
2tl28 Wnrk,pl,an
Pleas� fist betow any incomplete ar ifl-Pr��gre�ss ob}�cEives from the 2018 EDA t+l�orkpian
which sha�ld be ccsnsidereci to cacry fc�ard_
•' e�. - cm��Z•+�v.Q � ii-� l.m ��'dI o� �� C� S�- c1�s Yv �•��.ed(.
a�� ((��p W�'�V�A��� � V� �P �C�-S �iA W��11 ii��� p`� C^4 K N�Q,�S
� �R(' �ON � ` 1
i .. 5.�� v� G� '+0+,'r'net � e W�``�` 6��tl�ia� �Ja.t�lQ ►4-r� n1���---�
�-�--
•
�ii2� - A€eut Gta�IS dC!'i7re!El�rtltA. t&� �tt?�ttttum S�all AtseB Pta�t
Fiease �st ��w any act��=ities relabe� to supporting �17 i.?e�wn�vwn Srna�l �a
Implementati� P�a�t gaais and a��ves for �nrorkglan ctznsiderat�.
�
��a� �ZtrO PD C!�`�'�9 ;� ccD ,� r��-e�� c iC�Pn
• � ` ` ,A. ,/_�, L y���� �
` ' •`O.�C�� C r ��1�` � II VD+N� \ ` wA �S i � �q,!
m � d � � �„►i,k �Z�,'1�A� "� � �
���� �
. �
Cvmpreker�sive Ftan S#,�tegy Yisiv�ing Idcas
Transporkadt�n. �cctnamic Devet�gment, Hc�using, fiature freewa� in�erd�ges, Mcmt�vella
wiih cx�t Xael ��erg� Power Plant
r,h .�'c9'�1 V o�n,� +��a� 1 �„� �Ar�s e��ndl �Gc.t)V�-
. C o � ��- P°
O w��(., ♦ v� wl�P�.
!
e
1���°�.-
Research Tv�ics
Piease i�t belot� any eeonc:mic development related topics for whieh y� wouid like
addiiional �eforrnatio�t ar other poliey development.
2��'���-