The URL can be used to link to this page

EDA Agenda 03-13-2019AGENDA REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, March 13th, 2019 — 6:00 p.m. Mississippi Room, Monticello Community Center Commissioners: President Steve Johnson, Vice President Bill Tapper, Treasurer Jon Morphew, Tracy Hinz, 011ie Koropchak-White and Councilmembers Lloyd Hilgart and Jim Davidson Staff: Executive Director Jim Thares, Jeff O'Neill, Angela Schumann, Wayne Oberg and Jacob Thunander 1. Call to Order 2. Roll Call 3. Consideration of additional agenda items 4. Consent Agenda a. Consideration of approving Regular Meeting Minutes — February 13, 2019 b. Consideration of approving Special Workshop Meeting Minutes (1) — February 13, 2019 c. Consideration of approving Special Workshop Meeting Minutes (2) — February 13, 2019 d. Consideration of approving payment of bills Regular Agenda 5. Consideration of GMEF Loan Request Preview — Lake Region RVs 6. Consideration of First Amendment to Property Management and Lease Agreement — BIFF' S Garage, LLC (112 West River Street) 7. Consideration of Comprehensive Plan Review Committee 8. Director's Report 9. Adj ourn MINUTES REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, February 13th, 2019 — 6:00 p.m. Mississippi Room, Monticello Community Center Commissioners Present: Steve Johnson, Bill Tapper, Jon Morphew, Tracy Hinz, 011ie Koropchak-White, Lloyd Hilgart, and Jim Davidson Staff Present: Jim Thares, Angela Schumann, and Wayne Oberg 1. Call to Order Steve Johnson called the Regular Meeting to order at 6:00 p.m. 2. Roll Call 3. Annual Business Meetin� � a. Consideration to elect EDA Officers BILL TAPPER MOVED TO ELECT STEVE JOHNSON AS THE EDA' S PRESIDENT FOR 2019. TRACY H1NZ SECONDED THE MOTION. OLLIE KOROPCHAK-WHITE MOVED TO ELECT BILL TAPPER AS THE EDA' S VICE PRESIDENT FOR 2019. LLOYD HILGART SECONDED THE MOTION. OLLIE KOROPCHAK-WHITE MOVED TO ELECT JON MORPHEW AS THE EDA' S TREASURER FOR 2019. BILL TAPPER SECONDED THE MOTION. MOTION CARRIED, 7-0. Steve 7ohnson also read his disclosure statement for conflict of interest. b. Consideration to review EDA Bvlaws Staff noted no proposed changes to the EDA Bylaws. c. Consideration to review Enablin� Resolution Staff noted no proposed changes to the Enabling Resolution. d. Consideration of EDA Financial Statements and Fund Balance information Wayne Oberg provided a detailed report on the EDA financial statements and fund balance as noted in the staff report. Lloyd Hilgart asked if the GMEF fund could only be used as loan program. Oberg confirmed that as long as prospective borrowers meet all the requirements of the loan. Economic Development Authority Minutes — February 13�', 2019 Page 1 � 4 011ie Koropchak-White asked for clarification if TIF 20 Prairie West was decertified. Oberg confirmed and stated that the City met all of their requirements. The money that is in the fund will sit there and can be used for redevelopment or a qualified housing. BILL TAPPER MOVED TO APPROVE THE FINANCE REPORT. JINI DAVIDSON SECONDED THE MOTION. MOTION CARRIED, 7-0. 4. Consideration of additional a�enda items Steve Johnson noted a change to the schedule for the workshop meetings. Consent A�enda BILL TAPPER MOVED TO APPROVE THE CONSENT AGENDA. JON MORPHEW SECONDED THE MOTION. MOTION CARRIED, 7-0. a. Consideration of approvin� Re�ular Meetin� Minutes — Januarv 9th, 2019 Recommendation: Approve Regular Meeting Minutes — January 9th, 2019. b. Consideration of approvin� Special Workshop Meetin� Minutes — Januarv 9th, 2019 Recommendation: Approve Special Workshop Meeting Minutes — January 9th, 2019. c. Consideration of approvin� pavment of bills Recommendation: Approve payment of bills through January, 2019. Re�ular A�enda 6. Consideration of Resolution #2019-01 Consentin� to Assi�nment and Subordination of Contract for Private Redevelopment and TIF Note between Rivertown Residential Suites, LLC Bri��s Apartment) and Bell Bank for financin� and collateral purposes Jim Thares stated this was the typical process when financing is being obtained related to the use of a TIF District. Thares indicated that the EDA's Attorney has reviewed and approved the document. BILL TAPPER MOVED TO ADOPT EDA RESOLUTION #2019-01 CONSENTING TO A COLLATERAL ASSIGNNIENT AND SUBORDINATION OF THE CONTRACT FOR PRIVATE REDEVELOPMENT AND TIF NOTE BETWEEN RIVERTOWN RESIDENTIAL SUITES, LLC AND BELL BANK (A NORTH DAKOTA CORPORATION) AS RELATED TO LENDER FINANCING FOR THE BRIGGS APARTMENT PRO7ECT. LLOYD HILGART SECONDED THE MOTION. MOTION CARRIED, 7-0. Economic Development Authority Minutes — February 13�', 2019 Page 2 � 4 7. Consideration of Authorizin� TIF Grant pro�ress pavment to Rivertown Residential Suites, LLC Bri��s Apartment) for under�round parkin� expenses (materials) Jim Thares introduced the item and summarized the request as identified in the staff report. Briggs Companies requested $170,865.35 be reimbursed to cover a portion of the costs associated with the underground parking structure. Pat Briggs, developer of the proj ect, explained that it was his understanding that he could submit reimbursement invoices at any time rather than for the lump sum of $400,000. Briggs also gave an update on the proj ect and noted that it would be delayed until April lst. He noted that when excavating the site, they ran into unexpected ground water. He also provided the EDA Members with the final determined elevations of the building. Tracy Hinz asked for further details on the staff report recommendation. Thares noted that there was risk to reimbursing costs prior to completion of the development. He further explained that the proj ect could have costs paid out and the proj ect gets significantly delayed. Thares stated that it appears that he is on a clear path as he working out getting financing. Thares also indicated that he has worked with Briggs on various proj ects in Big Lake, all of which were successfully completed. Bill Tapper asked who the reimbursement would be wrote out to. Briggs stated that in an effort to remain transparent, he recommended that the check be wrote out to the vendor. Hinz expressed concerns with the contract that was originally approved by the EDA. She asked if the contract would need to be revised to reflect that payments could be reimbursements at any time. Briggs indicated if ground water would not have been hit, he would have submitted the full reimbursement for $400,000 at one time. Steve Johnson asked Briggs if there would be any problems with getting full financing from their lender. Briggs confirmed and noted that they expected that the $400,000 would be covered. TRACY H1NZ MOVED TO AUTHORIZE A TIF GRANT PROGRESS PAYMENT TO WELLS CONCRETE, ALBANY, MN 1N THE AMOUNT OF $170,865.35 AS DETAILED 1NVOICE #1 AND #2 FOR UNDERGROUND PARKING MATERIALS EXPENSES PENDING A WRITTEN AGREEMENT TO AMEND THE SECTION lOB OF THE CONTRACT STATING THE NATURE OF THIS ADJUSTMENT. JINI DAVIDSON SECONDED THE MOTION. Tracy Hinz asked if the underground parking was still estimated at $400,000. Briggs confirmed. Economic Development Authority Minutes — February 13�', 2019 Page 3 � 4 MOTION CARRIED, 7-0. 8. Consideration of Adoptin� 2019 Economic Development Authoritv Workplan Jim Thares indicated that the EDA held a previous workshop meeting to discuss the 2019 EDA workplan. He noted changes to the draft as provided in the staff report. BILL TAPPER MOVED TO ADOPT THE 2019 EDA WORKPLAN AS PRESENTED. OLLIE KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 7- 0. 9. Director's Report Jim Thares gave the Economic Development Director's Report. The EDA asked for more information on the I-94 project especially if there is the chance of the expansion happening in Monticello. 10. Closed Session — Consideration of recessin� to closed session to develop or consider offers or counter-offers for the purchase or sale of real or personal propertv pursuant to Minnesota Statute 13D.05, Subdivision 3(c)(3). A. Propertv Address: 101 West Broadwav Street - PID #155010052090 B. Propertv Address: 107 West Broadwav Street — PID #155010052070 C. Propertv Address: 121 Broadwav Street — PID #155010052031 11. Adiourn BILL TAPPER MOVED TO ADJOURN THE MEETING AT 7:02 P.M. OLLIE KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 7-0. Recorder: Jacob Thunander Approved: March 13, 2019 Attest: Jim Thares, Economic Development Director Economic Development Authority Minutes — February 13�', 2019 Page 4 � 4 MINUTES WORKSHOP MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, February 13th, 2019 — 5:00 p.m. Mississippi Room, Monticello Community Center Commissioners Present: Steve Johnson, Bill Tapper, Tracy Hinz, 011ie Koropchak-White, Lloyd Hilgart, and Jim Davidson Commissioners Absent: Jon Morphew Staff Present: Angela Schumann, and Jim Thares 1. Call to Order Steve Johnson called the workshop meeting of the EDA to order at 5 p.m. 2. Roll Call 3. Affordable Housin� Discussion — CMHP in Attendance Deanna Hemmesch and Jason Krebsbach were in attendance at the meeting to provide answers to questions regarding low income housing tax credit projects and application processes. The questions and answers are explained below: Explain in more detail the tax credit housing program process/application. a. What are awards based on? What are "points" awarded for? The progr�am is competitive and points are awarded for community need, level of social services associated with the project, nearness to transit, employment and social services, among other categories. 2. Explain who the target or qualified population is for the tax credit programs? Income limits, etc — family vs single? Understanding is that 100% are income qualified. Both family and single, with 100% of the units being income qualified. Is the tax credit housing development program available only for rental proj ects? Would CMHP be interested in an owner-occupied in Monticello? Primarily rental. CMHP primarily focuses on rental. 4. Would CMHP be interested in working with a developer partner? Yes, with the condition that a developer has the ability to bring an additional service or skill to the project. 5. Has CMHP worked on proj ects with employer partners? (Cargill, for example) No. Economic Development Authority Minutes (Workshop Meeting) — February 13th, 2019 Page 1 � 2 6. Do you have available data sources on the need for rental versus owner-occupied affordable housing for Wright County area? Yes, CMHP has resources. 7. Given what CMHP understands about the housing stock in Monticello, is there a feel about whether rehab or tax credit program would be more successful? The housing was observed to be overall in above average condition and not indicating an urgent need for a rehab progr�am. If the City wanted to use their own funds to pursue a rehab progr�am, it would have total fZexibility and the potential to have more success. A tax credit progr�am/project would fit the need that CMHP would like to fill and the demogr�aphics indicate exists. What proj ects have the best chance of success in a tax credit housing proj ect (Redevelopment? New development?) New development. 9. Photo examples of proj ects? N/A. 10. Is there an ideal size of proj ect area for rehab proj ect? CMHP likes to have at least 36 units per project so that it is fznancially viable. This would require approximately four acres for a townhome style project. An apartment style development would be approximately two acres. 11. If the City were to offer either a) match or b) companion rehab loan program with city dollars, is one better than the other, both? For tcrx credit progr�am applications to score well, it requires local support in the form in either Tcrx Increment Financing (TIF), waiver of Sewer Access Charges (SAC) and Water Access Charges (WAC) and park dedication fees. 12. Can CMHP do a deeper dive into the value/block area info to match up with windshield survey to come up with "most ideal" proj ect area? Yes, CMHP is willing to help as needed to move housing information and/or projects fonvard in Monticello. 4. Adiournment BILL TAPPER MOVED TO ADJOURN THE MEETING AT 5:56 P.M. OLLIE KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 6-0. Economic Development Authority Minutes (Workshop Meeting) — February 13th, 2019 Page 2 � 2 MINUTES WORKSHOP MEETING #2- ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, February 13h, 2019 — 7:00 p.m. Mississippi Room, Monticello Community Center Commissioners Present: Steve Johnson, Bill Tapper, Jon Morphew, Tracy Hinz, 011ie Koropchak-White, Lloyd Hilgart, and Jim Davidson Staff Present: Jim Thares, Angela Schumann, Wayne Oberg 1. Call to Order Steve Johnson called the workshop meeting of the EDA to order at 7:03 p.m. 2. Roll Call 3. Fa�ade Improvement Grant Pro�ram Discussion The EDA and staff discussed the progress of the Block 35 Fa�ade Improvement Grant Program. It was summarized that staff would set up one-on-one meetings with the property owners that indicated interest. Staff would show the property owners the drawings completed by the Cuningham Group. The property owners would get itemized quotes from two contractors and explain which priorities they would like the funding to cover. The EDA determined that the budget was insufficient and an adjustment should be made to increase the budget to $250,000. They suggested that a deadline of 60 days would be implemented to receive the contractor quotes. 4. Adiournment BILL TAPPER MOVED TO ADJOURN THE MEETING AT 7:30 P.M. JON MORPHEW SECONDED THE MOTION. MOTION CARRIED, 7-0. � �� Recorder: Jacob Thunander Approved: March 13, 2019 Attest: Jim Thares, Economic Development Director Economic Development Authority Workshop Minutes — Febri�ar�� 13�', 2019 Page 1 � 1 EDA Agenda: 3/13/19 4d. Consideration of approvin� pavment of bills (JT) A. REFERENCE AND BACKGROUND: Accounts Payable summary statements listing bills submitted during the previous month are included for review. B. ALTERNATIVE ACTIONS: L Motion to approve payment of bills through February 2019. 2. Motion to approve payment of bills through February 2019 with changes as directed by the EDA. C. STAFF RECOMMENDATION: Staff recommends approval of Alternative #1. D. SUPPORTING DATA: A. Accounts Payable Summary Statements � �' 0 z 0 4 � C � � � C O .� L U � a L O C j n I n o I o 0 0 0 0 0 0 0 0 v� v� L7 L7 � � � � ; � ; � M t'rl ^J (+l �:J �D N � N � ---+ � O a- Q Q .y? o y ro � � o 0 � � � y � � � � a � y o o, o � a 8 � _" � o � � > y �c , � ;, o Ca ; o cC W � _ ir y o y W � � a � a N W U z � w c 0 v � ° z � a � �/' F� � � � 5 Q � O O `J� :11 � � M Cl � � 0 0 M M � � � � � � N N 0 0 0 0 0 0 � � :� F" � P, y CC ?5�9 xS�Na.�, A'uFNIlF S su�rE �aa MIhfNEAp6�IS, hAN 55d4& Ci#y af MontVicello At#n: 11Vayne []berg, Finance Director 5Q5 Walnut Street, Suiie 1 Manticello, MN 55352-8831 ,� .-_ - i� � � ,.- � � � ; , �: � � � ;�1 � , � J�,h` � �-, ��r�� ,. ,Panuary 24, 019 Review�d by: Project Manager: 2Q1$ Economic develc��rnent Services City Staff Revievr�er - Jirrr Thares CL Acct # 213.463D1.43199� Prafessional Serwi�es frrsm Decernber 1. 2��8 to De�ernber �1. 2018 Phase 401 2Q1$ E�❑nomiG De�elopment Services Retainer Fee $76D A�ontkaly. Mar�thly I��tainer Fee Tatal Fee Percent Complete Bitlin�s t+� �ate Fee Labor �4t3�5 �� R-Q11121-ilaQ - 12 Bret 1Neiss .larnes Grv€nberg 1 DO.f}Q Total Earn�d 9,fl{}(}.p0 Pr�u�ious F�e Billing 8,250.D0 Current Fee Biping 754.Q� Tatal Fe� 754.U0 T�t�l this Task $7�50.QQ Total this Phase $750.D0 Cu�rent 75Q.4p o.ao �rJ�.iiO Rrior 8,�50.[]0 s,��a.�o 14,780.5U Tatal this Invaice $?50.DD Tvt�l 9,O�db.Ob 6, 530. �0 � 5,5�D-5{} Request Date: � � 5 " � � Check ta: Harry T. Lanto 907 2�d Ave S Buffa4o, MN 55313 Meetings Worked: CHECK REQUEST CheckAmount: � �y'�`S'� Vendar #: Meeting Date Time Amount Due Planning Cammissian ( • � . � � �� s �� •� City Council � . ( �,�, . � Gi � �, �� E�A �-�' �°) � $ LP� city Council t� 2� •�� 2 Z� �� Total pue: �' Z4�• � Planning Commission: E DA: City council: ✓ Authorized By: ' 1Q1.4191�.41990 213.46301.431990 101.41110.431990 `��1 •� � �� I �-i? TIME SHEET ATTACHED Date: 2 ��l ' t�i City of Manticello Updated October 2018 � CITY aF <� MC�r1t1Ce�0 �--��-- TIMESHEET �IAME: HARRY �ANTO POSITION: PUB�IC MEETING REC�RDER - CONTRACT � HOURS QATE 1'IME IN TlME OUT MEETING ' ��,�� 'j",'` ; �`�s�'�� G _��, _ ._ � 1� �W' ��` 2 ��,�- _� � � _ _ __ _ _��y1�� 5��1�_ ��3�P� � c ��. - �12� f�t _ �'�,P�"� ; �=�� _. �� C - � . . .._ . - - �-� -�.___� . " _ _ . _ J_: . .. . . MEETING PAYMENT: $60 FOR FIRS7 3 FiOiJRS $10 PER HOUR FOft EVERY HOUR AFTER MEEjiNG RECO R: HARRY SIGNATURE: DATE: !'Z-�%24�� _ /j AUTHOR2ED BY:� DATE: � ' �1 ' � I 0 z 0 4 C '3 � � � O O O � O O O O �f� �f� �f� O O O � V'� V't 'V 'V M M � �l'1 �l'1 O � l� l� -� -� �f1 �f1 :Tl �n �n O � 'v �vJ N N L'7 L'7 O �-r �-r O O �f� �'Y � n r n O c+l N � N N O `S O M 7 �'F M 7 7 ..'7 O ..'� ..'7 O N N N N N M N � � � � � � C O O O O O � � O � � � O N O � � i. � o `fl m � m � m `fl v-, , o N p N � N �p N � N � N � N � N � N � N � ;7 � .y�. � P. � .y�. � o. � R O Q � Q Q Q � � 4ti .+�- 4ti .� .+�. O y � cC y v :d �9 cC � 'J ^ O 'J "~' 'J N O O :C '� --r-' A �y � �, � -�r � � � o v'- � ;� v� � `� � �' -" o � o � o � o � o o N � � :� � � � °c° � W � � > ' � 0. Q � O � m � � y a i � � �+ � bA W O �i � i G. a � ;� 0. � � � � � U .y � � ,"�' � � � C.7 p � r� :C Gz. ✓ Cz W � F a v O F � z � � a w � � � w � � F x s a `� � a � � ¢ � � z � z � a o � W °z U � � 3 O O 0 0 0 O � � N :J1 � � M �'i N :7` � � 0 M � � N O1 � � a �/ 1 � � N c 0 .� �i J � y A N y b1J :C � � O N O N N O L". � 'J J J � h � S: ', J � L7 :G H � Nc�t�t�r �i��t Partn�r� - Apc►Il+� �iv�sion 61� V�alnut �tre�k Suite 7 M'Ur�kiG�ll�]. M�I .;•5:��t;.�'. i; r G �j,� 14-�'��1�� Caty of 141or�#iC�IfCx �0� 1�I+�Iriut Si, �uite `1 �4lontic�:llo, P�N 5�3E2 ��- �. iC.��#errr�fir {:it,r �it'49nni;ir�lln �ustvrn$r C.ity of Man#ocefl�a ,�cct # T i11 �ate ,^�iC15+2�1� C�i�'ta�rraer Tc�=ny l�'eles�7�e'k S�r►v��e I_I'irl PO�prr��i P�qe `I r,�{ � �ayrnen# lafvrea��t�on �fiV'Qtl�� iUi]'EYIi�IF� � j$.��`}.{�(j �'ayr�ee�t Rrrio��t Payra's�Ft� f�r: �.,�,roic�i3'1283�'� Ul�i-4,149�� 1 n;S ; i-��Rtk �'"�u n�� fi.t�.=ri7 s�,�fra, �-.,��.rr�r�,t fnvoic� �#Fec#ive �rart�actlon �es�ri aa� A��o-u�t Pc,�r:��+��UC, �J4t�'v�1;i� 111r�11Jr2;J1� 1�J�11::��';,"� a f�tli,`IC;fS :�1�.s:3�� 1C� 10l��1�1�:� F'rerriiurn �udit '#�rarker� ��m�+ens��ican - 1 r'�18 tiJ'U[�: a`�uedit i�.22�� Gl; f ��'. �� 1'� � ��'.�.�� . ��. ��c�! � � �� 7. +��, �� c��.�� t�� . ��l� ��.�" .�C� �r,c�l. �t��_ �C��1C� ��_�� . � � CC�� . �� c� �i� - � � C�r�, �Ci�� G � 1 � ��►� � ,�,1�5�- �C� � ,�;��.�� 's I�Sk r i .r.. r � i[. .. JGCi ' �� 0- -�rd 43}. �_ ��v u� _ Y�,.�,:��iJC 1r..F:��n . . .s .7...6 �.::. _�: ..:]iT+ . r„Sa �7,�:. L.:. - it��i� ti.� �i :i . � : �^ � � . �_fcl.-'�4'{�LSVi i r�,�iL:7r J,rf�C 4 �.J. i,�.'a�7.IFfTP.^.. � .. . . .. �� Horth Risk Fartn�ers - Apollo aivisi�an �f1tiFM`alna�t�;#r��t �liih:. 1 h�[�I�t�r�ellu. �u�N v}��t�2 17fi3y31�t-��pf� in`�i�r�ap[r Ic�ir�s�rranr,� �nrn �=�1,''i1 Jr'� iS F 9 2��8 �3ud�et �#dopt�d - ��P��l[]ITUR�� hl�rker� Cc��7�er�sativn Distributian A,CCQ4��di NUM�EF� CC7UN�1� Payable �[}1-41110-�151Q{1 '�+�rk�rs Cr�r'�pens�tion fnsurance 1� �sJ �41-413i�1-4151f7� 'Ui+�rkers��rrip�nS�Eio�lnsuranc� 1��l.pp 1f�1-41�1C1-4151�(} W�rk�r� C�orr�pens�ki�n In�urance 4�.{}�7 1�1�4152Q-�151�0 W�,rk�rs �o��ns�ti�sn Insuran�e 1��.i�� 101-4180C1-�15140 Wqrkers �c�mp�ns�ti�n Insuranc� �9.(?� 7�11�1�iQ-41�100 Wo�ker� Co�'n�ren�ation I�sur�n�e �i9.G'0 1a1�31�2f}�1�1�}0 Worke�s �c��np�nsation Insur�r�ce - 1Q1�1�4�-41�9C�[l +JVor+�ers ��npensatian In�ur�rs�e - i01-42�OQ,4'15`l�p 'W�rKers Comp��nsatAon Insuran�� 1,4S�.LlI7 1C1-4�40��1�140 Wor�,�rs �ornpensatsors InSur�n�e 1 i�.C1�1 101-4371�-�}1510Q Workers �c�rn�ensat�on Ins��ance 4��,QD 1 01-431 1 1-4-1�1�1Q Warkers ��rr��ens�tion Jnsurance - 1�1-43�t 15�15100 V1f�rker� Cr�mp�ns�trbn Insurane� 528.00� 1�]i-�#31�0-�1510�Q VL'arkers C�mpens�tion Insurance �,693.0� 141-431��-4151(7� ��prkers ��r�pens�tion In�ura�ce �91.0� 1��-��1�7-475�0�} Wc�rker� ��mp�n��tion fnsurance �71.C1(� 1C�1-4�1�0-4157Q�} W�rk�r��omp�r�sationlnsur��nc� 128.Q4 147-4�140-41�70�b Wc�rker� �OmR�r�sation Insur�r�Ce - 1(}7-4�2�1-41570{� �,^k+c�rk�rs �nmR�nsati�� Insur�n�e 1,�3�_Q�1 107-4�5fi1-�1�1pC� �1+t�rk�:rs�omper�s�ti�ar�Ir�Su��nGe - 'IOi-4�1{��4157[7C? '�1+c�rl�ers Campensatir�r� €nsur�r�c� 143.00] `1�1`i-465�0-�157DC� W�srkers ��rr,p�ens��io� ln�ur�� - 'IQ�-4�240�4151Dt� Work�ra �orr,p�er�s�[i[�n Ins�rar�� - Funcf 1Q1 Total 8�643.�0 213-��3U9-4169�QI3 V4�orkers ��m er��k�or� Rnsurance ��o�� 17�99�0-4�151Q0 'k��rkers �om �r��akior� ln�uran�� 1�E9�.�a �26-4',5'122=4151�p� V�'arkers ��mpensatis�n Ins�r�ra�e 92�.�1Q �2�-4�124-4151{�Q 4'�lork�rs �ornpensatic�n Insu��n�� 1�.(�t} 2�8-4�"126.41�1{��q 1+Vark�es Com ensa#ic�r� Insur�n�e �90.Or] Fun�i 226 Tota1 2,532.00 601-4944Q-4�51;�0 �"J�rrk�rs �ornpensati�n Insur�nc� ��.0� 6�1-494�1��5'IJO 1r'+�orkers�arn ��rsa#iqnln5�r�n�e ��.Q�� Fund �I71 Total �7&,I�(7 �{��-�949�-41�1QD Wr�rkers Ccampens�ation In��r�n�e �62 Q�� 6��4�1-4��1QC� VUork�rs �ompens�tion Ir��ur�n�� 34 00 Fund �i02 Tnt�l $9�.�0 609��764-4151�0 W�vrkers +Corn ens�ti�n Ins�ur�nce �,1 ,�.40 94,2�6.0� r��v��sJ� PR,�h��AA �►D,JU�T�wIEl�T NC3TI+�� n�zzvr� �onx� a�.e�. �x �� fi14�T�ORt} CT �1f�104-2927 CTT3C {7F MON�'�C�T,T� 5 �J 5 WRLI4'l.TP S'�' SiE 1 M�CiHTICSLI.�], i�i 553 �� F549 biDRTB RIS1C PA,R�RS T��C 62� #�e}S�S'L►HL'i' RU 9'�L�' �4�d �#I�T CLCiTfD, bilq 563�i1 CuSSdA� Servire; PC}�,I��e' I�17�: [Te-��.�'�-17-�8-� I�SiJ� C.1�1�I�: 9�.� I]A'�� QF '7�iI� I1i(�'FI�E= tf �. I Lb 4/ 2 019 �AI d�: #4 B 1�115 9 P'(��.i�`Y' PFR!{�D; ��f10I2D17 7`{] 1�114f�[�� AL AnDiT P{3L��(}L�DHIt RiiPP�RT �'o�.ml ��$snf�s�ar%C�arg� ; � �19 � 9"�� '�atal �xivr t� Audit : $ 1Q5.74� ddi�3.��,� �r�i°�smlChar�e: �, 14.�26 "�eat�1 Pr$miu�/€:h�s:g�' ra�rese�7�e �11 p��mium (801�} ��r�-q�$'i1 �xtd �on �sr�um chsrges afw�d T�aveler� ��r t�.fs pal�c� h��d Cs� th� Pre�mi.a.xpl Audit. "1�ot�1 F�iar ta Au,dit" r�pt��a�n�s p�remitl� aad �aozx gxemfxun �c3�a�gaa r�aeiv�d by Trav�� az�d a�r�lied tc� t�ia gc�ii��r t�rm. �[our ag�nt will bill y�� c�� uy ��Iddit�,�+rial Pr�am�umlChargew- '"('�'i�� I� 1��I" �1$ILL} ��c�►�°�o��a o� � ��sYves/��c�� _-....... . _ - - ___. ._._ . ._..�� . r - x re � -- .� . . . _— .... •�_--- _ _ _ =�l�ifi�#ians — - --- —�"` �d = •� � . _._..__ Rat� [d��NS�C�TA 13$'79 T[i�lVI�L�RS PItCkP$RTY �A�SiiA�I,�'7C C(�AHY OF ,�iNISRI�CA Ls�ATI�.; 4 i I. �TRE:HT C?R RdJ1b C�83'R[JCTI�N: F�41i1+J 4+i� h��I1Y,41�+d � lf AAimikTfWiliti`i VaQ815J111�}il 9L Y FTI� ��C3HTk3RS-V�OLTJliPB�R-� � 5T{kR8 t RBTAYL b1OC CUHSTR[J�7°i�� QIi, �RECTIOri �E�T YAR� 55Qb F�fi V 970$ B�1'� 8��7 lasuring Company. i'RA�LE�iS PRA��RT3�' G�48i7�,�'7C COMPAl,iY O� �L��I�CA $527,f}13 F��VV JBF��! 3..370Q 1�.��8 33.45t1Q �,324 l.Od1/4! �D��d 6.49Q0 �,��0 '1'�ank T�€�u �+iar 7msurin� �4'i�E� �Our [:+�a�p�ny �r�vgnig �ag� �+avi c�f o�o� T��E�S� �L1R�;b: �I°�Y Q� �NTT��ia4 P��M�UI�1 ►4DJL��TMEIV7 fVt��l�� D�.�CII� I��: U8=4.7+�99168-�iaP�3-C} l'-I�i.�UT,ATE4PQ C1F E� P�i'[7�Sf C47Akt3E - -- - � �'r — k:�a,iur'e -- -_ _ -�. �e�� _ __ .... _ _ _ _ ...... —_ -._� � _ -- .i�.�.��P`icakiun� ----- �,.. _��d = �s�as � Rate — ium -- �' �r�� v� $A�L$$I��f3�NS. �OLLPCI�4RS �R �'#4� ��t 4 �S & EN�HRS - �i�'2'S IE1r1� 18, �'!J [7 CLSRI�A;� �FFI�E F.[dPL�Y�S 1qCi� �810 1,��.��r,��1.439,54�i �tT�LDiN�GB OPER�fiI�-AI;i. O'TiiSR 9q1� 1$�,��! �10ii,619 �e�Lax��s �9��i��iG P'{�t7L-�[TSLi�C- 9�15 17�,��,� $1.b0,44C1 DPSi�ATIOI�J IC��S�A'i'Y'IJt� RI141{ DF$�►"�Idiff & D 901fi ii,.f#�f $8,D4� YI+fCA. �3�WCPa�, 'Y�IE�, �E� 7[iiil�►. �t163 �15,611 $693.9d�1 ��S`1"�'TiF'�"I{)1+Q�ALL Sb9PIaD�IEES Se GLHRI�CAL :�� 1.1 �'l f F1roiRx_�G1�-ALL_R;e4PLq5t�E8 � �1d2 $458.163 �� V �� (� 1,JJ�� ATHI��7,'�C S�[]Ix't� +31t FAR�Ct 918� 0 C?PERA'PS3H8 � DRI'VHI�� [n�ca��z �i.o�r�Es �tOG 94�� 1�� °��:� �2��,1�� IHCi�EA�SD LII��S �81� 1$1.0�� c�sau�g c�� 2.�� PREmdIil�L A�SCOUNT OUG4 �19,�45 sxp�s� c*�rs��r o � � � ��, T�f1dtI$Ld=1�AYR�CILL%�QI'1 ��Q �a �3�7i�sd.� - _ - — ��e�1-EY�� - _— _,,, _�- NOIQ PR�l4T[Jl'� Ix'Ld[S B�ECIP��. �U�iD rvRC��E Q17� 1�2 . �52 R'�'PAL WOIQ 1:"REEdIT1[� IT8bi5 F+�bd�#�T�d I�CATT�II DO1 To�r� ��ea�u�l�� i`�Tliaa �dY��S�3"�`�i 'T'O�'AL k�.L[74� f Ciilhl�� $119,97� .4�40 J . ��YV � F i�� 4.75Q� #,77� 4.75Ui1 7,6�1 6.14�d #9� 1.1�<}� a�is� . �t��Vl.! d�pVJl.! 3.2�� {i x.�60� 8,�7.� .Dlt� 1�331 -.0.�4G� ��.�#7 �e0470 -5.635 1B0 .0290 91[7 .._ _ . � ,0�37'I �.fii3 �+�. 613 $1T��9'T�. ��r�i� �x�xv�x�� Page aoo� �of 000� �� f.VSi.JR�: �I'1`"Y cS$� D4�(}DT�I��LL� � Q 5 WA.�,�3'[T'1` ��' £+TE 1 �J�f �� 1�4�� P4�,T�Y N(1: 'QH-4�749'�16$-P7=PB-G rse�rrrx�r�,Lv. � �536� ��"1'E rJ�F TF�1� �OTI�:�: o�/��/�n�� PCiI.f�Y� Y�1i��D, ll],�14l2�17 TC1 1��14I2019 '1'h� foilsnwiag is � ct�rr�p�rison of th�e e��rnat� exp€�sures on }�ur polacy and fJ�e �u;tual ea�pasnr�s fnund at audit -- - - _ � , - --� - _ �l�s,5ilicafinstr• ; a�z��e�rA z��xv�r o�� IiL��FPsIiSOI�TS f CC7LLECTOR� Qi7. M�S3EbiG�1t� �C)D"TSI�� iTR�$T �R iiOAD �t}NS�i�S1CTI�N: FAVi�il� t]R 1#,�pAV�1aG #� L7 �NSTRII�Z"IUI4 �1� �3Z�C"i'Ip� PHR�'lANHt�iT YA�] ��ITI�DIDi�B �F�1�A7"�flrIQ�AY.�, F�'Pi�R GilYG� i lli� . A ,Ak'i'�IL�TIC SP4RT8 QR PAR� ; O�P[�iT[sMS & DRIVEI�S PFilt� NGtC -,A.Z.� �piA'�`�$5 � T�RIV'�R� CL��T� �]F�ICS �lPLQY��S ,N�� c�►, r�r�.�,. �r�►, o� s�r�x{ ��r��zau-�x� ��s � CLEFtI CAL ��3IFII+1��1'{3 PCa[7L-PFJBLI�- OPHR34TT#]l�i FIR� BI�STHRS-VOLtl�i"SSR-�C L1 9i1�►''��[S�1�C� �Pffi��tT��I+i � I� �C�-SYATI8ZC3 R�NIC O��RATIS]N & �7 $TORE : &$'�,14iL H[1C t+![7��CTFAL ��,OYEES biOC CI�ALTE3CP 1 our ,�,u�i�t�d — - e �-a�'vll F'�yrall . - —� �timat�s ]��su]t — Y]aiffer�n�e 3015 7706 T5B d 907,� $�17 �419 18�Q0�4� +�234i73.00 S�B0.�.00 i94a97.p�p 1999.40 3811�7.00 11��23�.00 ��s��.00 0 �S17Ql�.�i4 G54�1.�14 �4�3G�9.44 4 4591f3.C10 143�5�$.QG ��.o� a�r�z��.00 1��0.�0 1889�,D(1 1�99�.00 292�78.�� 3��357.D0 ��a,oa �o��.�cr 399704«�U 461672�04 19�5�3.�i! �9�77#.Qt7 ��$�if7#9l O'{ O�Ob2 -�68{�i9 9��1Q G2t� - B$2b9 -�999 77�1� -a2�� 4 �3679� ��s €Z953 I�15�"il T��tY�� J� ir�.��. �r.r�: CiT'Y �P M67�1'�'PI�C�I,L[3 ��c�a�u�� cc�r��sc�r� 1'(.11.lf'l` ti[l; Ls8-4�F9�94��8�17=�+�-� _ .. ___. _._ _e.._.._ __ _..--._. _ __ _ ----- -- - - _ _e_ -- -a— ----- - �'nur :�us�it�d - = _.:-� _ _—. :� __ �� ti r��ll 1�r� 4 r.�11 - _ .._,_.___ _____ . _. � . _. t'Is��,rifi€:��i��n� . �.r.— ._.__._._::. : F�`�Iinti:��x .. _ i�c-wuli _ MI NNE S+OTA TOTAL FAY�CSLL MINH�SOTA '!�T]4L P�AYA:OIlL € G�2�17C . k � 3,797.139.OIJ 4.547,505.p� � �a��%t��,�� '4r��7+�3�'�.�� D�fl'ere�t�� 750.3�7.oi} 754.367.OL1 cr..,�►t��x�� Page nooa vfi aaa� Julie Cheney From: Sent: To: �c: Subject: Wayne Oberg Tuesday, February 12, 2019 4:01 PM Julie Cheney; Sarah Rathlisberger Tracy Ergen FW: WC Audit Results Attachments: SKM_454e19021210410.pdf Please see that this is charged to 2018. Thank you! From: Tracy Ergen <Tracy.Ergen@ci.monticello.mn.us> Sent: Tuesday, February 12, 2019 10:27 AM To: Wayne Oberg <Wayne.Oberg@ci.monticello.mn.us> Subject: WC Audit Results FYI... I forwarded the attached to Julie for payment. If you have concerns or questions let me know. Next year's audit should be much better since we used 2017-2018 data for the renewal and added 2% to the wages. Tracy Ergen, PHR, SHRM-CP Hurnan Resources Manager Phone: (763) 271-3235 FaY: (763) 295-4404 C'�TY [�F �� Email correspondence to and from the City of Monticello government offices is subject to the Minnesota Government Data Practices Act and may be disclosed to third parties. From: administrator@ci.monticello.mn.us [mailto:administrator@ci.monticello.mn.us] Sent: Tuesday, February 12, 2019 1D:41 AM To: Tracy Ergen <TracV.Er�en@ci.monticello.mn.us> Subject: Scan from City of Monticello - City Hall �� unir+ghaar�GraupArchi#rctur+e,lnc. St Aitt+7nr�y N.,;.n �l:' �4.,�r, Strrrs SE. Sur�e 3�i h4inneapalis, MN 5541d Tel6'33793�a{r�j Fakbr�3��a.�140 �ity c�f Ra��nti��ell� 50� 1Nalnut �tree# Su�#e 1 Monticeloo, Minr�esota 5�36�-8�31 Febru�ry 13, 2�19 I nv�i�� lo: 5�1 �l8 �Ni�nt ��: Prc�j��t �'R 1�-06�1 _0#7 P�lontic�llo Br�ad�+ray �acade Jmpr�r+,�rnents Professivnal ��ervices� far Ih�e nerfad end�t� �I�r��rrr 2S. �Q19 Adda�i�n�� F�es 2 E3uil�iings �4,p�0.�{] Total Additional F�ees 4,4�0.(�0 Tatal this Inuoi�e Bil lint�s tc� Da��e Fee Other Tot�ls �urrent Pr��r Tvtal 0.�0 72,[i�Q_r�� 1 �,�OQ,40 4,�00.00 O.Q�D 4��00.�10 �p��.Y� �f.��.�/L/ r��i��.�� Thi� invoice w�s r�3viexred �n[! �pproued b}�.�ndrew Dr�Sdner_ f�v�ic� due up�r� r�ceipt_ I�t�res# w��,.� �r�ia.,�ccc�rdin� io conlr�cl� �c�; � �,'S +,1 _� 4�_ `.��4�� , �_, �UNIN�GHA1�1 G R 4 U P �'��}�.�� $4,[3��.0� Julie Cheney From: Jim Thares Sent: Wednesday, February 20, 2019 8:18 AM To: Julie Cheney Subject: RE: Cuningham Group $4,000.00 Julie, this one is okay. Please code to: 213-46301-431990 From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Tuesday, February 19, 2019 1:36 PM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: Cuningham Group $4,000.00 Jim Attached is the current invoice from Cuningham for services through January. Okay to pay $4,000.00? Please provide coding. Thanks, Julie CF�eney Finance Assistant City of Monticello 763-271-3205 Julie.CheneyC�ci.monticel lo.mn.us APC�ci.monticel lo.mn.us {'fTY C!F �..�� '��'ll� EmQil correspondence to and from the City of Monticello government offices is subject to the Minnesota Government Data PrQctices Act and may be disclosed to third parties. i Requ�st ��te: �' +� ° i � cn�� : �� . � � �� -�,� �� s ��,� �, n� s�� r,n�etin�gss v'�r.orked: M��ting Pl�r�ning Camr-�issic�n ��ty Cn��r�r.il � � [}A I �ity C�ur�ti� l. -- � otal C7u�: � � 3.'�.+�c"� �I�nning Corr�rnissior� ��: City� Counci�: �HE�K REQUE�T Check ,�r`r�c�4�r7t: � � �' � . �� v��,d�r �: �� l � ,�-�,� r�� Date �.� I�� l�1 7 C��.4191C},�1990 l' T�rn� - -'��'�� 1�.��3��_��1�� Le�7• � 1p1.4� ]_10��1��0 Amount Due � �� •� Autharized By: a�te: � ° �'� ° �� TIME ��1EET �TTACH!ED , _, .� �� .,: f� r -. - . k � �i � �? �� 't'°1 � ` � °� � V �� _ � � ' �� jI L�� City of �vlantic�llo - � ��ar��i�� . ��=. TIM,� SHE�T f�Afv9E: ��'��r� j�t��.��:;�.� PD�ITI�IV_ PL�BLI� 1V1E�T�N� f�E�(�RDER �(�NT�A�T D ATE TIM� If+� TIME DUT � . �v � �, ti � � "' �- i — � �'.��,,��'� `l� , �� HQIJRS 'f�ryEETI�+I� WOftKE'� �� .. �---- - �5�-� �� Pf � �� - - � ; i ME�TIf�� PAYr�E�T_ ��C} F{�R. FIRST 3 HCiURS �]_l7 PEf� HC�111� FC7� E'��RY �iC)UR �FT'ER fvlEETIf�C� I��O'R�E'R: � � , ,, S I C� N AT ll � E ; i �",' �� i'�; ,. � � , ;';_Y �: :;�-�'�. D�T � : �-� �' �i,' ?7 � '~ I AUTHC7RI�EC� BY: - �1�T'E : � " � � ' �-�i .�` � � � I ,{ - 1 ! �'� [,��'`J � � �' � � Julie Ch�ne �� Frorn: �ullsey� ,�rope�ty "vlanagern�nt � Re�lt� �r�n�il�rt��n�gek�uilding.c�:rn� Sen#: ��urd��+. Fet�ruary 9, ��D" 9 3:�17 r4M T�r: A� Subje�ct: �e�se sta#em+ent far Broadway Parkin4 €as�ment -��h+iN`IE�CI�L -� as qf 2J�1201 � �ullseye Pr+operty �lanagement & f�e�l#y° I'I-.EiA:il: N(}"I��_ []{] NC11T RI?P[.Y T4?'�FiIS Eh7r1[I: AT]�]F�',CSS Tiris eri��il cri�SS�� titi`rtS S�n1 Ir��'n �4 []p(II�C�914sn-4�]lI1' cLtlt�TC55 k�l�al sNnnoi ac��.pt iRi:�min� �.�nail. ��i-1�� 4��,� �� ^�_�-�{}'451,��'`T14�� _ /.. ._ - � �+' � ', � k� � �� tio C�fi�r �f �+lonti��ll� E�or��r�ic C�ev�;l�pm�nt Aut�or��,� � -`��":� � '1'�'�c�our�t # 35 Cake �t �l� � r . - ` � , k- `�, ��it� ��o :��, � � _, �� , ��v ��o� ''�.;.e;� �� .�.. �� n��,� � ��,��nt F'��m�n� ��mmvn Ar�� N1ain��na�� Cc�mmon A�rea Maintenanc� Payrnent ��mrnor� �rea Mai�ntea��n�e �ay�nent �ommo� �rea Nlainten�nc� � �� . �--�'�#� �'�� 0�05�1� ��,�� ,�: ��.�� 1��i�i�r}t i� due b�� the ��tli oftlie �nar�t[i. �4 c�r�e time la�e fiee �f 1.5�"�'� e�n oo�tstandin� k�al�nc�es u�Pill b� c1�ar��d or� t�i�. ?7tli �f each rYy�nt}}. I4��ina��, y'[�ur ��.t�U�it Onlin�: hti�i:llkxull�e�►��rr•c��ierti��.n��n��.huil�3in�,.�um B��II��;��e Prc��ert}� Managern�nt �; 1�.��1t�� 7�3-��-65�6� B¢�ildiurn��bl��ls��e�l l,c�rn i Julie �F+en�y �ram: S�en#: Ta: Cc: �ubject: 1�1#tac�ments� Ji�n Thares 44+ednesd�p. F�br`r�ry ��p, 2p19� 5;�7 AP�11 Julie Ch�r�e}r, Sar�h Rathlisaerger W�yne C}berg Paym�r�t to 1Nells Corrcret�, Albany, Mf�.l Pa�ment �acke# f�r I nucyi[e �7 ��i ��_��{f; It�rn 7 C�nsid�rat��an �of Aut�orizin� Prpgre�s P�yrr,�nt E¢r TIF Gra�t ta Revertavrn R,esidentral S�ites, LLC.rpt_docx Julie, the EDA appr�ued rn�kin� the p�yment or� thest twta irrv�ices in t#�e �m�unt of �� ■+� � i at th��r meeting or� �-J.3-�01 J. Tf�e "rt�r�tftirtig., exp�nse sl�vwn or� the inv�i�e i� nvt an eligible ��st, 'fhe r�oding �hould be determin�d by �a�ah and �ayn�_ �� -I��, �'�'1�� i EI?A .��end{t - {l2:'13i 1 � 7. t'�asid�r�tion a�`�lut��ri�in� TIF` �Gr�nt Fro�re�s P��m�r�t to Ri�•�rtv�►4�n l�escd�nti�l S�ite�, L1:C: ir� the amau�t of �17�,865�� f�r Unc��r�rouncl �'arkin� �tructure 14°i�teris�l:a F.a� cnses [J'I') :�►. RE�'F:RF.1►iC'F. �4'�1I1 B��C'K.(al�Cl l:1'�f D: �l��iis itern is t� r�.que:;z �h� EI�� to c�t�sidcr authoririn� a TIF �ran� pr��ress paytr�cnt tc� l�i�;�crto�,��n Re�i�ienlia�l �uit�s, L.L�' (�3i"i��s fl�t�rlr9ien�� O�' 11IiC��F�1'�011ilc� ��t'�{1i1�. StruC:ittre mat�ri�ls e�r�en�es. �A $�Of�.O[}U 'f�Ii-" ��r�int tck Ri��rt�►��n I�esidet7ti�l ��aitcs, LL�' li�r �he ur,�ier�;rc}un� parkin� exca��atiur� �nd mat�rial� e��sen�e� ��s �utii�riz�d L��° th� FT3� �� c:cim�c�r��t of tlie finan�ial assi�t�nce fc�r the de��el��jnerit. `�l'hc �`a�rj�r�ic.� fi}T- Tri�i��te l�ec�e��el��rnent �{=�s appra�r�� br�° �h� F.I�.A at its Jul�� 1C}, �U1 #f rn�ttin�;. �'��€� invoices r�flcutiri�, �h� matenals ��►rk far t�ie �ropcc� �rc att�.�he�1 i��.�r re��i��. 7'h�e total asn��7tit �t �fi�ib�e it+�ms c�n the i'��•�oices is �17[�.�f��.��_ `I'h� fu19�� e�ecut�d C'�aritr�c�t fvr �'ri�°atc I�cdc:��lc��rnen� i;; �I�� irrcl�xd�+d (�c�ti�n 3_� (]ther ,��;�i�taerc�}. �The L•'L��'� �tt�rn�� bcli��e� th�� t�tie r�ques� �lt�es nox �x��t�� full��,�i�� th� �'��ta-act I�n��:c as it �p�cif�cs a�r�.�umed c�n�-tiir�e F1��'C'tl�llt t�p�si thc �i�.k•��l<>}�er �a��ial� fae �r ir�c;urrin� 5�f�0,()�f} v��rth c}f �xca�°ati�r7 a��d tn�t�rials c�:��.nses. It i� �h�: FI�A '� �iis�r�tion as t� a��het}i�.r il l�tke� t�c;[ic�n iC� �r��s�� tli� Sp�Cifi� l�n�uti�� nd �tithuri�� ihe pa�a�r�le�it tc� #he de�'�.lope:r. �taft-�+��ill �u�pnt�l th.e �:LIA it� its poli�� cl�:�i�ic�n in thi� re��r�i. �'at F3r��,�s. re�t`�s�.rYtit�� F�i�°�ertc��,�n Re�ide�ltial ��.lite�, LL�., ��ill h�: �re��nl at �he 9nee�in� tc� !'�ether �xplair� thc pa;��rn�.nt reyue�;t aa��i ��rr��ide a�i t�p�at� �n th.c �7-unil ;�}��rtR,ent d�r�'elopt�l��Yt. Al. 57`f'�FF [:W11�:+��C:'�`: PI�h�: �t�i`i�irn��ct �iu� ic> pe��entirl� tht p�y'rY��t�t rir�4i�s� ilein� {in��ice 1�nd L} 1S !"��t11�'CI?r� Triin�m�l� T�n7� Ci�]T11�51tl11�I1tS tC4l11 �i1I 1�1�;'�1�"�[� �l�tl �°; �5tll"[l�t�� 0 �C �3p�}CO\1111dtC1�` 3�3Uur:; (ln�.Iu�� tllTl� C�4it`lil�f chc LL)�'� rric��in��)- Skai�' in��o�r��ecl i�� tlie c�is�u�si�n an�i pr��patic�� c�f tl�e r�p��k inclr�dcs: C c�r��mt�nitk� De��elopine�t Uir�ct�r, E�c�ncami�: T)e��el�3prrrent I��Iat��r, ��ir�an�� [�ire��r a�c� F1�:� �ttornev. t'��. I311U(��,T ��IF�€'T: Lhe bud�et ii��aet ofp�escn�in� th� t��,�� ie,�t��ic.�s to the L°'.L�f'� t�r �uth�rize relcas� i�E` �.r�nt i"ur,ds as i�e�li�ikale. -1'h� c:ost �t� r�t�i��i�,� �►n�i pr�s��rtiri� tli�e pa��r�7ent reqr��:st rt� t��: F.[�.�, includin� l�e�al cot�n��l �civi�e, ti��il] he covere� �� the de�'�lc�per's cs�r�rv�' ci�.��sit_ �. A,I.�T�;�.�A'I"I�°E .�CTI()?`+1�: � . Mc�tac�s� tc� �ut�ori�e a �I�i�� (;rant �r��re�� p��rrrnt �c� T�i��erto��t� ��,sidcr�tial Sui��, F.I_.C' in the �rr�c�unt c�f �l �l�l.�b5.35 �� d�tailed in��c�ie;e �1 and �� for unci�r�,round p�r�:in� r�-�al�ri�1� ex�a��i��s. 2, M�fiot�'t� dcny' a��t�tir��tti�� t�i. a TIF Csr�.n# C�rc�gr�ss pa;a��rr7e��i i[o Ri�'crts��n ��sidenrial 5uites, LLC, in th� �rr�t�unt c�f �17(�,8+��,35 a� d�tailed jr7 ir��aicc � l t�n�i #2 for under�ro��nd �.�rking rt�at�rit�ls e:xp�n:;es. � U.4 ,4�*e rst�,3 — 0� � ] � r` 1 � 3. I��lc�tioz� to tab�e consic�cr�iti�� I'auclioriziri�. a 7'IF C'ar��1t pro�res� p��tnent �c� Ri��ertca��-n �es'sdenti�9 Suit�e�, I.�.�C' itz t�� ar�u�int �f'�17{?.��,�� as c��:tail�.ci ii� in��c�i�e �1 and ? for uncler�r�ut�d p�r'kir�g r�Ya[+�rial�; e��n�e�, C. �T`�iF�" 1�EC.[�?4'I�iEI'tiDA,T`i�Cl�i: S��f�' ��ill st�p�urt thc �I�a4'�; tieci�i�ri re�ardin� the �rc}�ress ��er�t r��ue�X_ There is � Snl�i�l c�iil�+Utlt �� Cl��{ ifl ac��3��Ciri� tii� �?��rtit;nl all�� O�#�� actual cunl�l�cic�n of th�e under�ro�iid parkin� �tru�:�ure. Thi� risk leveE i�; �}��at��l sam��hat b�,� knc�w�ie�� of�ri�l actir�� n �tse cie��el�aper's and �►rc��e�.ti��e le�tdiiig k�ank'� r��uest #�o �t�r��s: t�i� F.D,�, C:t��l�et�t tc� a�'.cr�l�ateral,=�ssi�nrncnt �n�d Sul�c�rdiviation +�t the� �'c�ntrace for Y'ri�+�z�: l��i��elopn��et�t �d TIF Nc�te rel��ed to th� �r�}�c�sec� prc��ect �n�ncin�. ,�s t7�t�d in th�: C`c�ll��er�l �4s�i�n��t r'��r�erner�t, th� r�yuest pre►pc�� 1��3�r finaneon� is ��,�fl(},�C7[}. ']"�le C'�nsent ��xn�iderati�n is prc:��nt�� ic� ih,� Ff�A a� it�.rrn b c�f' �]Ze Feb�uar�� 13�, 2f� 19� F.T�� ,��,�#ir��, A�errda, Th� d��lcl�p�r ��i�l al�c� �ie a��ailabl� �t tlt� �rn�etiii� to a�nsv��r t��;�� c�u�stiot7s re�arciin� t�i� r�q�►�:�t. D. :�CJ�'�[?i�'Tl�{� �}�TA; .4. lnk�c�i�e �� t�c� �r? frcrm Li�'�Il� C'c�r�cretc, ��11ban��. ��1�1 B_ �°c�r�trac� fvr Yri��at� Re�ie��lapnient u��ith [2i��ertc��n C�;�esicic:iiti�] �ui�r�, I.L�' �uli� �h�ne �rorn: 5�r�h R�thlis�e�c�er Sent: V�ednesday, Februar}r �{�, 2�119 '�_�� .4�v1 T�: Jirn Thares; auiie C�eney GcF Wayne +�k�erg ��abJect: ftE� P�ym��t to tiNells Cr�rscrete, �,Ibany, f+�ilV TIF �-24�'�t �ienry�'s only ha5 $1�3.415 ��h estimat�d ai 12f 31 f 1��c► I vuquld �uggest ta�ing thrs from TIF 1-19jM5 5f��re5, Rert��ining r�quests ea� carrMe fra�rr� 1-24 and�`or rnr�re frra�n 1-19� � 13-�4651'�-4�399Q �araV� F��thlisb�e�rge�r, c��o Firtdn�;� M��t�g�r �ity� �f Monticelro, M�U Tel: 7fi3-�71-3��01 Fa�� 76�-295-44f�4 Nf7Tf.: Tk�� c�r��*nt.s �f t�`tis f rrrcri� rr�r�}+ r�rate�,-�r rnfor�r7crtian �hr�f �s �e[�c�l�y ,�rrvi�et�e�' t�rrc�f�ar corrfr"dentio� �o the rr�rrr�e� rec��ient. �f�ts rnforrraatro�a r`.5 ��i �tc� �� use[� by r�r�y ottrer �er�c�r� ar�d,/ar orgcrn�a��iora_ 7�re vieaus ex�r�s�sec! rra �his d�i�'�m�rrf do r�[�t rtetessar��y ref�ect fhose nf fi�ae �i�y pf Mont;,e�P�e�, fm�rr� �[�r�e5��rad�rrce tc� �rrd �r,�rrr City �f Fv��nti�e�� go�errarx�errt nf,fic�.s rs sub�ecf to t�e �#�r�rP�,��a�� overnrnerat t7a�er �'r�e�rces r�rrd rrrt�y F�e r�is+c�ose� �o thrrd p�rtres_ Fr�rn: Jirr� Thare� <Jim.Th�r��[��i.mc�r�tic�llo,rrkn,us� 5ent: Wedr�e5�3y, FebrU�ry ��7, �0198,�7 ANl To; Juli� Ch�ney �.Iulie.�h�eneyCc��i.m�snticeflo,rr�n,�as�; �ar�h R�thl�sberg�er �Sarah.R�athlisberg�r[��i_rtr�nt�cellv,mn,us> �t: V�'a+�ne flberg <+Nayn�_�b�rg�ci�m�ntic�llo.r�nn,u5� �ubj��ct. Rayment t� 4Ve115 Con�ret�+, ARb�ny, �+iN Juii�, th� E�A ��pro+red m�ki�r� th� p�ym�nt €�n these t+rro inr+oices in th� �m�unt �if � � � � �' � � � � � � at th�ir rr�eeting �r� 2-13-�019. The "d raftin�', expense shc��wn t�n 4h� in�roice is not an eligible c�s�_ Th�e �c�di�g sho�ld be determined b+� Sarah and '�Vvayn�. �� W�� +��e�� I� 1] i7 I C� � _ _ � F[?IiFENk�b= a_ i3{1�'�ai8. Cu I1J''JD,�Zi]19 PRC7JECT�ESC►ifP,; qiVi�iiC}4VHRESI�iIENTl14l �lIYERS 51JBCCJNTRACT 1��.: 'JJELLS 4QHCRETE J€�B iU�.; 6953 INYCMI{1E aAi E: 1 i/1 �,��018 II+fVQI�f A90: p11p7p �ILLIl�� {+�p; � T{i: 1�11JE�T[iN4+#� iiFSCC��NTIAL SiIIT�� LC kEnnlTTf?= 1N'ELL3 �O�#CRETE 633 if�LAI�U,+4VE NW PC1 �p}€ GSfi ELIt I�II+ER, MN 553�4 2101FJSPIRAll�3h# l�J AL�ANY. MI� 56307-Ui65b �., SCfiEDUI€Q C�fAPLETE T�IP-DFtTf PRE11i17�5 THI3 _ IT��pF��IPT9UN Y+�LU'� '% {�qIUE IN►+C�ICES IN{JdICf UF981LLEb G3NTkA,�f L1R�iFTIN�, n�sar€��a�t �k13T14L.1AT14N REiE hlT1ORl - 5� iL,9(]A_A4 ��,e�9.2� $],.73T, 30 {7afrgl_�7 � 1�.'��7.�4 �� - 1�12a3�24-36 37�137:3.B 81,737_30 {�,�ai.z�} tii.�8�,a�] ViSik us uM li�ie 1' wwx�.we'.13can�rete.toR•� �_ 1SEMfT TD AC1 aRE�S: TfdAN K Y411 �DR Y�41JR BkP51 N C55. PO 6dK 656 �1L�AN Y, h�d� Sfi fi47�-�6,5$ i01'+4L� 37Z,50�3,�I3 S3-SG`�6 145,9+44.ik� - 1A5.9a14.45 146�967��1 P4 EASE PAY T HIS AMOIAMT U�+Qn! R��p7 -�F I Plt+OIC€ $ iA5,944,di'.5 �� l'�,� � +�J m � �� rq dF � `" x L � G: � �i C rr� iA � � � � � � � �pppp � .�. � �. � �� {:� � � � �r� � � �� w s � 1 � � �--� %• {s p � � � �,1 � � � � � �� +. � ,� � � � �. � � , ��'`� � ^-i +�a� � �� G � � 'r� q �`=ti ITi � � � �a 6 � � � �� R � '� � � � � � � �. �� ,p R � ,' � � F 1#`} Q �� ' �� f? � � � � q � �� a �' Cl ,x � s� � � � ,�i �e� � � � � � � � �• � � � � � q t ., ry � . �.�� i �� V: N ��(y G i� +l5 0 0 � �h i�t Lr� }x l.l N !— �l f; 'r; �� . ^�f?�}y�' � c t` �� `�� C��'¢ �y o k7 � m�: •'� �c C� ��"+"�..�� 7 r, �� r'�a,'�v ��°� ��a'. G� ��^-3 k � � w � � � � � �� '� �& 4.-_ � � '� � r ^� Ci n � M ddf {,q � � a � t� '� an �n +n in W in U � in F. �� .�� -�x� �,�� ,�� 1� �1N'd�IH�S 31db`FY l,��1S ;� f7 1� � � � O 5�d m � h5 v � � � � � � N N � V1 W 4 � M � � � C� pQ} i�.h} [� IS 4 L fi3 R1 r �Y � h m m �""-��`�" ��RTIFI�C�4TE �F 1�1�4BILIT'Y' I�I�UF�k�1GE �`�E,M"�`"�`"�` ��"� x2,l��l�o�e iFMl3 C Ef�TIFFCJkTE 15 I$S UEd I�G 11 MATTEFT [!F IHFU�i4L4Tli'�F# ON LY AF1D CiQFFFERS HC} FkICif9i$ Uf"�iW' Tli� CER71Ft�ATE FkU�pEi�, iF#I$ CER�IFic,47°f E)QE$ N137 AsFFIRAIATiVELx �pR ��ATI�+EL�Y *MEKo, �xTE1�p Qp ALTf � THE cbx�E�x14€�f. #�FciRD�[a BY � fiE fOLMCI�S B�Lp1AP, 7FII � CERTI FtiC;4TE 0� !N BURJ4H �� DiDE6 N�T CON ;TITUTE A COkIP#iACT ��7W�EH fiiiE ISSUIHC# IN�S UFt€I�(8}� 14UTHCflUZE� �F�iE9�HfiA71Y� OR �R{)D4JGER, A11D iilE CE�R?Il�fCJ1T€ HOL�EFL IMPORTANT: H the Cer�Ifl�nCa haldor I� an AkGITIi}F#AL INSUREf�. t�a pnlley�l�l mu�l � entka�raC. I� BUBR[3�C�A7�C�N tB SMAikIEI]s subJati in �ha Gorna� and ea�n�flllons oill�e po9lcy. e�+isln pvrlcios anry roqu4� en end$r�emans. A ataEsma� cro thFa e�rel�b�sie daa� no� c�nf�r ra�l�te i� eho c�etldhea�e naidar �n Ileu uf euch on�dara�m�nt{Qf. W�oou�een � , 9Aqrsy Gerryr 8otus#ty Inauiancn T�ncY �F i50T}379-64+16 ka: asotFoad-��t� 1506 �aat r4ain et�e� �hr�r @nuowrit i�aaur�rwa e coa AbdRC55 rS' Y ;SI �3'• P.Q�. p97� 41Q IN1UF.. 6�4FiWR0Ud9�C0�RIYJ�iSE i4UC4 hi�otC T�ia F� 560U7-V4Y0 p A:fih� Trdv�la�s C�s eni�o Irac. r�tullea �bu�a o; Ths Cirx�inetet4 Inevrivaor �o .. x� 'ldae 47�1ic C4�Fh��/ . Snc �S��h � : . . . end i�te rU�i�iQi�Ki-O� rtesu4[1a0:� . . P6 80* 3�1� WECMhfJ!!- SidSS.� F41 SEU�'� WSLIRERF; . . . . .... �O�V��iAG�ES G�R71FkC�,TE NUHI�E�t,i�-i4 wali� REVPSI�W NUfAEiER: TWIS �S i� GE RT6FY Tr�4S i�lE PC7tIC IES O�F IxP$URN�� U57��1 B�w(7yy H,qy%� BE�bj IS�UEb TO T HE IHSU�EC7 NAAtE�1 ABCNE FOdi i�{� p<]CI� Y PERl� 9NLiILJ4�Ed. N'QiV417Fti3T,�iiIdING ANY RE4�J'JREM�ENi, iFR#d {iR C4k�}3TIPN Q� IkWY CQ'�'TR1k�T C1fR C}T4if�i bOC49MEkF 4MFTFf FiESPECF Td3GVH9CFi 7XI3 ��R'�IFIChT� �AfsY 9E ISSLI EC1 {lR lAkV PE�7AFy, TM� aMSUR14NCE r1F�F{SRD�� BY iNE P�LICIE� mE5CRi9�€d FEE� E�nt t5 SUE�JECi 7p All Tr�E TERM&. EKGL USIp#15 AND C4N�TI�pF1S �F ��1�H Ffii�ICPES. LIMIfiS S Nb4'4T+1 MAY }1�4Vt B[EN R�pWC�P �W PN[? C LAIMS. ��. . T1+ACOr1NSulr�:HCE �,.� a �71lC7E�6 �C�t3 9`F.xP u1rTi .% CL7YiiF.�lC�4EraEna,L W@UF7 L,sc�� €xC�..n�eraCE f �� 64d;464 A' ci�l�as.hune ��aCUR R� �.�r�..9e r xnu. 3 i�OP:�PSi X �CU CSIY4Ci o iiD-Y[3aiqSY �f1I2011 ililtitrl4 V+�CiEhPly+^.�a -iaan 3 `��Q�'4 7€ Caastraoturl Li+billEy REii9f.l!1e� a,a[�vul�i�ei .F �.406,04d �frt�qFG+.ifLlfAi7,�,pRLI€S�ER Gexdep�Si�kEC%.�E� � #.�a�,40� POI�+' LJ J�E�C�1 � ��' �RpPUG7'�-CAYrPMN'owC4 } ��.#00�040 QTFYE�. �Y+FWFMRI # },00O�4�G6 Auida9�lE 6uB4.7TT . . . � � &.4D0 � O�GO h � AHi hUIO B90u�`r i+LLN[r i� a�nnl � ��.457'�T+fD SCti€.6+U�C6 f39•909#l3�1 � alj.lxoi■ �fa{2t+i9 �990aY�111UFlYdPa��ar�i.rnl i AUT43 ,kuPs75 � FaF[9IJUT06 ]4 NON�OSi`+lE[7 R fF�iY . . � . . nUr4� �nxwiun�tr�mtl+�wnr�� k,Q4R+4�9 ik }� 11MSRELLJ,L114� LL Sic�Ua NR-lJi9�37} alyfs�ea �JaJ�oxv E.+�+C+CG�flEHCE F s ifof5 4aa B.� ExcFS��ua CL.I�MS�dN,6E kc�uaen,rr� �i S o�0.800 � F3€6 � � RCT F#a'[� ! i.a,aPo iaao�3�a�i� ifif�0�� ar1l�Cii� .... ! - ; . .Q6�i1lO5mi1 N'oRI5ER9coa�r�ws.a.nora rswe.o.rerv.,x[,�a �x � /,HL} EYIPL4iYE14S' LY4i16JTY Tf N ; . . .AHY�PiIbpRIE7CIR'PAR7NEfU£kEGiRIVE �d� � M4Yk Cpa� dill Snrur�el EL El,d,'HFk��GIpEWT � b41F,4G0 � #Fx�[�t��R[h;O.C�D#p? Ira-W3QIAse alifspoa +.P�.i�os� p�+�+�ry' j �EL 4k5EA5E-E�+Eb/al�#'+'EE i EOA G60 K 44 {�lY3M1iY1 �+ONi - . � �� oFcaEAl,ieoras ee�. i 4�Sfi3R -�IiCY{JMii i 504 �fFO A� L.■r.djA.rnE�o� Cq�1A�rit fi0-1411#Sr9# af�f�OMi �lif�ois wre■T 1'1�500,440 j4 f0iy9qQ�J N1FAilfl� ii0-ia135732 if1f�4i& i/hf2ai4 4i0V�Pd0 . 6E9E'�Pti�a da� 6Phh:lTl4N4 � LOCAA�f TY+fJiIL�C6 IACf7HD iQ7� naKai��,i aa,�.�u se:noa�., m.� �,wt�e n�� rw� �=ny�,�.nr 1fC ,7�LM b953, Rlvertot� Reai�d�nt�al 9uikqe, Mdmt�oaLA#. F�1� s�orc bin��oraal� in the amtawtt aL #37�137.36 ce�r�F�cnr� Ho��r�� d'IiOli�:[a xWY GFF THE AQO'VE OE6cRIBEIti Pn�iG1ES e� �CAHGEUEa BEf'�ORE R1YGi'�47�6 RP�Iaid�lRk�a� 9v,itaa+ LLC THEEKPIRfiil�NOh'T�TFIEREOF,N�TICEN1�Li��a'ELIVEREQIN 63S Ugltnd i1V41 1� +�CCC]idD14M�E Wi'1ii T�pE P�l1CY P��R�IOF�S- 61k Aiv�r, E�iLd �533t� M�Yi1M�lUi�� RCPIkE&FUT#�I�%€ Shekry I:erryl�J�1 �� 19lI�-�A14 ►tCORG �ORPDRI4T�RN. ►4�I rlpl�t� nsar AC�Ofii} ��F �301bf0�a The ACpf{[1 nam� and In�c� ars ra�plstesed marks of A�COR� IH$�F�6 I�pllUak ��' ��.�� ! N 1r i7 I� E F�IC PEFCFDd, 12�112pj8 LA 12/31f�L�18 P{�41ECT��y��IP-. FCIVERT44WN�iESIaENTaAi 6LF1`ERS SU9i,�MTRACfi Nl].: WIELLS Ci#NCRETE !OB FJ[}o: 6953 6MV{ddCED#7E; 12f16f2�1tS Ihi'�ItIICf MlD; Ci11�� 9ELLING Flii: 2 TQ: �iWF�rnw� �F�inFNTinL �UiTE� LLC R€NIIT 7[7; WEL�S C�M[R�TE 633 UP LAN D AVE N W f�0 ��x �;*,6 ELIL f{lVER, f�N 55�3f] 21Q INSPI�,►ITIQN i#� ALBANY, INN 5690T-�1656 �--- - --- SCIiEL�ULEO tt�MALEYE ��oAT6 P�EVI�US � � - 7MI5 — IT�N1��$GkIpT10[f VAL�E Si hlALUE 9NVC}ICES IRi75i�ICE UFIBILLEd' CQMTRr4{T DR,4FTIAfG MAiERI,ALS 111$Y,qLI.AT�[IH RETEh1il[]fi - S'.� l4,9d4.dfi� 779,8��-��i SI.T37 30 Vis'rt a+s nn-line ai www�N'��d5i47r'�[tfitw.�.pm TI{AN� YQI� FC?R Y{7lJR Bl1SIP{�g�. 10d.Li41`16 1[5,,9174,4 d 1L1[l,i�Y74& 1T�,85$,��G U.�746 - 1CF,944,44 �4�,i24_BS 37,13738 [9,s38 ia} (7.Gs1.27j �i.as6.ds7� R8,173.731 RE M IT �D Af]OR�$S; Rf7 �[�x 656 A�1&A�4W, MH 55307 �fi56 TOTALS 2�2,�.40 56v5046 1$1,2�4.5] 145,9�44,05 � 35,2BL1�53 P3,Sfi3.S7 PLfA:SE FAY �HIS Ah,iOu�r liP[xa R�CFir"F [1F er�u�e7a�F - �- S 3S,28fl,53 � r,� mywr� ��, '[�j `�" x'.<. [s � y��l � , � �. _ � � 'y',I �} +, 4 �5 d � � �. �� y� � � � .. �� n �y",�� a . a �,� �. �' �. -� � ��} 6 � � �, � �{ � p `� '�w h� �� ; .. � � � �, � � � �� m � �� ' a{�� Q � ti i .�.� �� -� � � �- . � � � �. �� f�.� �� . � � q � � r � � � �. �� R a�' � � ,� ` a � �� R 4 � � y � � � �. � � �� ^ � � c'% � � `�j' �� C �� 6'O m Q r , �� ..J. ":��t �-4'4S:i':"�4 ,..,.. e : ��i �l�M1 LIE�' `l�Af� UlWO i,_, t� . � �'W4 � ' . ;r V10�3�JhlFW �179f�� +Ub�lC]� ��a �' � Zl�V�I,E��S�lkfb`YdA�b1S "��,��`r" � :�' � � � � �? � � � � n � c rt� 3 f} e 3 m � u�' � � � fa � L! -s � m � wa �� t,�'ri � � a � � � � � � � � � � � � � � � � � � � ; D � � �m i � � � �. L � �' a � y ;_�i_ f I �,y � � 4,+« � � � � � ;� � � 4 � �i � � � � � y � � � a P A � � � i d � � � � � � � � +}' �ka c � j tn � a� � � � tJ � o,. w ',o -: —b c; �J s� � � � � � � 4"' w � � ^l _ sw n: � � � � �� ; ��' � � M ers C% � � �n .h W' 7C 'A ,--� .�' . r .�-i a � � � � � � Li �� M pp I �f I � � � � � +� ' '� � ��`'�°�. � � � � �� -� � � s� � � � � � � � A c o a � ' � �'% G C -r � � � � � � � � �" � � �� y - c, � x +�i W ' 4` �J -�� ... Cr +.x r� v�,' � rn � w � � � � L, �' .,� e � � - +o u y w � � ��•, � "i � � � � J�� r� ,a �, � � � --_ ,� �- Y � � � N M1} G €] r� r �v m a� (ij c�eli�rerod t� the �iuthority c��}e c�r mc�rc ccrtific�qt�� si��ci h}� th�: l�ecfevel�p�;r'� duly a�thoriz� rr�resen�ative, �cont�iniru� the fc��1��wing: �ij a st�tem�ni t�t�t e�s:h �c�st id�ntified in lh� �c�Cifa�ate is a I'ubli� R�[�ev�elc��r�eflt C'c�st �s ��ins:d itt thi� ��`ec�nent ai�d that n�r part of such c�st I��s hees} included ir, any pre��i�u� u�rti�icati�t�§ {�ij ewid�n�.e th�l rach ic�eniifie� 1'ubiic Rc�d��'el€��me�l C�st h�s b�� id �r irlcurreti b}r or +�r� kreli�lf` c��' the ��ede��el��er; ai�d (.iiij a�taterr��ent l�t�t nc� un�:ure�1 Er�Perat ai �ef�ult �Sy tl'Le Reticu�l{�}�er has �ccurred azYd is c�nfinuing utl�e°� the A�iecmcnt. ThC .+�uAl��itv n�$y, if r�o� .�atisf�e� Rh�l t�� cn��ditinns d��r��►ec� herein hav�e b��.-n rn�t, re#urn �t�y, c��#ific�te u�ith � statem�~�i c}f �l�e re�sor�s ►��h� i1 is nnt a�:��ptatrs� �nd r�ue�tin� su�.h further �i��um�nl��ior� nr cla.r�fic�ti��n �is t}rc �t�th�ntv m�,y r��s€��aabl�� re.�ui�e; (�i} submitted ar�d €r%t�ine.�i Aiu�l�orit}+ .ap�ro+��l r��' �ix��ictn� in a�c�c�r�ai�ce w�ith 5ecti+�n 7.1: ��td (iiiJ� dC�]k�Clr+� tn the 1�uih��lt�d �Si iflvestr��nl I��t�` It� ��n�r reasn�iabl�� aiisf�ctt�^�+ tn� th� 14�uthc�rit�- The term� �rf"�hc i��t� will tse s�ubsta�itiall�� tk��s� �� rtt� in the fn�e� �fthe 1r'ot� sho��n �sy 5ch�3ui� B. �nd tla� Iticat� �avii] b� su�ject to all t+�r�t�� f the Authc�n�in�; R.t:solulior�, ka�sich is incc��+rat�ed hereir� by r�ference_ (�;j Tcr�r�r�rarrara vl�-��,'�d1 �fJ r�f}i['. A�I f:�i1SiL�9t1c3114 �41f {��II�'4:r�r of th�:1'�'�rte tx�ust t�e rriet kry n� I�#cr thars the date wlty�l� i� less th�n #i+�� 5) Ye�r� af�er th� d�,tc [�f c.crtifi��ti�n of t�e �I'1F I3i�tri�l hy thc C'�+ui�ty' �nd com�lics ��itl� #h� s�o-�:alled f��.-�-y�e�r nule und�r ��cli�n 4f��.1'�63, �uhd. 3�c} c��th� T11= A�.t_ !f t�e Gc�r�ciit�ea��s fc,r d�li�=+��• C�f tlro� ;�€r�e are ncrt s�liSfe�d hY t]ne ��t�e des�;n��d in tl�is }�ara�r�ph, thc P+�stltnrity has n�, fi�Y'k�cr nhligat3�n� un+i�r tt�i� S€�cti�n a,3. {dj� As�,;��r�na��r o�`.�4`c��, `T��e Autharitv ��knnwled�es khai the li�d�v�lc��r�r inr�� m�ssi�� th�: hln1� t� r� third �+�rl}�- The }��tht�ril�° uc�py��i�ts t�n such �n assx�n�n�nt, conditior��d up�n rccuip# c}fian invest�nc-��1 letter fr�ni s�c� t�tiit'd ��rt.�' in a fc�rm reasnr,a�s1� accep#dk�le tci lhe Aut9�€��it��, an�d �w�ill rc;a�c�n�ht�' exe�uie �n}' c�c�eutr�e�t �e��i�ic:ncin� su�h �ssi�ment urith�r� 3� �a}r� a�fter receipt and r�a��e�w by Auth�srity"s 8e�al c�uns�l, 4�) ��arxfrJir.•c�trra�r_��. The }i.ade�r�lrts�er u�d�rsl�nd� anr} ackn�vv9edges lh�t �lM f'uk��ic Reder�el€�prn�nt �C'n�ts m�s� �e �aai[� hy° the �7:ed�r��;�c��r and +w�ill h�e reimbursod �'rcxixt ,�vailable Tax ln�r�:met�t �aursuaiz� lo Si�e t�ro7fs of #t�e 'Ncrie;_ =['!�e ,��ti�ot�t�� makcs ttn r�presentati�ns car u��rr�nties t��'c9i�1� ih€: amuurtt �af Tax lnc€x:rncs�t, nr ths�t re�enuc� ��ed��i to th� A1�st�; will b� �uf#`icienl t€r pay ih� prir��;ipal an� i�4�rest nt� �h� 1ir�t�, At�}r ��tirrl�tes t�f `�� lr3�rernenl �,repa�-er� br� thc Authc�rit�+ or its fin�ncda� a��sisors in er'istir�ectinn �ti•ith 1h� TIF �li�tnct c�r lh�s ��rccit��nt �r� tc�r the taenefit c�f th� Autli,orit�r, �nd �X� 9��t intended �s re�r��ent�lions ut� u'hi�h thc Red�eo��lc�p�er may r�:ly�, F'ublic Rcd�,vel��ttit �'crsts ex��ir�� the �rincipa] �,rr�c�unt of the ��i� ar� th� ��1� r��nsibilit}� t�i l��ci�v�elop�r, S�e�;tion 3,4, ��l�er Assist�tti�e. 1�� adr�btic,n tn the reinlburs�s�e�i� si� a pnr�ir�n c�f �u��.ti�eln�e�r's �'u�+li� Re:d��°�1apm�t �"n�t� tlzrnu�h i��u�nv� �f the Nate, lhe �uMl��r-it}P vrLla �a�� a S3�n14a� ?�9h:1 h!� t�a, I 4n pc�rtivn of th� r.a�ts af ex�r��ation an� materi�ls n��e��ar��' tr� cc�nstruct the �tru�:turet� p�rkin� required in r.�anra��ican w�i�h uw��truc�i�n r�f tl�e hfiinimu�n l�r�pr�v�m�nt� �thc "�uth�nty� �r�nt")� �urs�an# tca �nd tn ��nf�rn�i#y w�itl� fhc Autk�c�rity'� P[s�pC}� �t�[��Tlefl�� i�r C�18r1��li]�ri� C��.�ivail�l�l� �'ax ]ncr�r�eatl Fit��nctn� Funds; 2�d�+p#eci �}' #he Aut��aretv on Jar7r�ary° 1[}, �I��f3. 77�e �u.lh�r�l�t �r�nt sh�l9 be in tf�e anlnuni �f 54�{�..C�DCI. 7�� Authc�nty� shail �ii�bur�� khe Autlionty Gr�nt #o ��e Rc��v�l�per �-ithi» tw�er�t}� (?�� i�a}�� fler rec:cipi by lhe �4utli+�rit,r c�f� r��idence subrnitted k�y tE�e i�ecievelc��r �f �tr�uct�a�ed ��rkin� exp�nciiture� fiai�l �r in�u�eci h}r the R��ev�l�p�r. in �t ]east sh� �nount �f tl��e Authncit}� Cira�t, �ection ;�_5, F��nek�t uf A�n�inistrat3�� Cc��t�. Th� Authca�it�� ack�r��w�e��r;s that l��evelaper �has depc�sit� with th� �4uth�rit� � 10,#1C�0, The Auliic3ni�,� u�il] use such de�nsit tn �� `.Ac�mi�istr�titi�e �`a��,,' whic�x tcrm m�ans c�uR af ��;k�t c��st� lncurre� �y th€ Auti��r�t�r tagether with �taff �osts of th� Authr�rixy�, �11 a��rik�utahle tn �r ��c�r,r�d in cnnne�ti[sn �4P�t}� ##�e ne�n�i�ti��t and preparatic�n �#' �1�is r"��e�irsen�, kh� 7I�' 1'lanq and ather �c��ui�enis and agreea�ents in c��n��ct9ra� +��th the d�e��lc�pm�nt c�f �h� R�dcvelo�tr�e�� Pr��rty�, At Rec��.f�l��p��'s reyue��, hut nca ��rc t�1�en t}�an rn�ss�t�D�+, the r�ut�n�-ity ��il� �rc�vid� F�ede��lr��r w��th a va+rit�et� re�o�l in�.Eudin�; inw�c�ices, fim� sC}eets or ather c:om��r�blc e��ide�+�c c�f cxp€:n�diturr�: for Ac3ministrat�+�^e �L'm�ts and the outstanc�in� b�lan�:e n1' fijnds �d�o��recti, Tf a1 �r�v time t1�e �ut�ynriry deterrnines that the dep�sit i� insufficient tn �ay Adrninistr�ti��e �€��ts, t�,e R�de��eEc��a�r i� nt�li�ateri tn }��y �ucf7 sh�rtf�al wiihin tu�enty� ('?0} da�� fl� r�-��ipt �,f d��nttcrf r�c}tic� frc5m lhc �f4uth��rity c,[a�Rfainin� c.��der�ce �rf tk�c ui��ai�l ct�st�, Jf an�r �alanc� �nt' �n�� i�n�ite� rea�nai�� u�nn is��uan�e of the �'erxi�'Eca��° �,f ['t�r��rletinit ��r�us�lt �n Sectinr� �.4 i�#� this A�reement, the A�athority s�a11 �r�rn�[ly retu�'a'a su�h I��lai�ce t� l�edeveloper, prn►�it�ed tha# f��e��elc�per reinains �,k+li�ate.e� tr� pay �Ubseque��i Administr��i��c C'c�sts related tc� a�n�� :�mendments to ��is aAgreer�er�t requ�stc.d k�}� l��:cir:��el�,p,�r, �,J�rnr� ie�inaii�an �i# thi� A�e�ernent in �ccnrdae�c� u�ith it:� terms� the Reci��eloper rentsins c�bli�ateci under #hiw se�tic,n for Ad��iinistrati�.re �'c�s1s ir��urr� [hr�u.gh th� efTe�t�►re d,aie €�f i�rmi�iati��r�, '��tton 3.b. IVo B�siness St��sidv. The part�es ��re� an�i unde�i�nd th�t #�e pnmary �ur�nse c�f �n}� finans:ial �s��s��ce tc, the R,e�dc:�1�l�ap�r u�d�er thi� �,g��n�n� is tc� ��C1�1f..�lt� �G:�c��gm�nt c,f l�nusaal� and is #��-e�i�re r�ot a"ka�:�ines� s��sidy„ within kFr� m��nin�. nf Min9�es�ta S�[�tut�. ��tint�� 11C�J.�)�� lci ] 1�6J.9'�5. '1'l�e R�e��el��pi:r r�;le;:�s�� n�i ��:�iv�:�: a�t�� l�irX� ��;,�is�st t$�e .+�ull�creit� ��d i#s �u�°�rnir��, bod)� �t7cr�i1?ers� c�f�icers. ager�t;�, s��r�,+ar3ts and em�l�vees th��f ari�in� �rrrtn a��eli�lio� c�f the Bu�in�ss Subsid}� Act ta thi� A,,�aeerrient. incluc�in� vvithc�ul lirnitatian �ny� claim v3�at t}be .Authnrity fai3ed tc+ �:�im�l�� .�ilh the F3usinr�s Su�si�i�r a��~# witi� r�'��et 4c� #h�s A�`r��~nt, {1'�e r�rnainder c�f t�is pa�c es int��tic�nalig� Ic�i I�Jank, � sz I� i y,� 3��r� i ni r�° r�+a- � sr� I49�1�'UT�:� R�C:UGAI� �'IEETII�C: - �:CQ�i�i(]��1'llC: L]E1'ELOFh'1F1�,'� AUTH�R�TI' (�T)Aj '#�'ed[xesd�y� Ju�� i Z t�h, 2�1� �— 6:�1[I p.rrj. I��issis��ppi Roo�n, Aio�tli�ello �ommuni#}� C�'eeter �r�z��i5��iuriers Prescnl: St�ve Jnhns�sn, F3�1� T�pp�r, J�in �'��i}�he�v, Trac� �iir�c, �1r�d J�t� Ua��itis��i C`nn�rnis�in�net�s Al��er�t: t�llie l�c�m�rchak-C4'hite ar�d L1c�yc� Hylg��l St�ff l�resewyt� Jiin Th�r�s aroci 14r��la �chu��nn I , [w'�I] tu (�rder �te��: 1�rhris�� :�ll�e.d the rcguls�r �r��xin�, �}f the ET�A cn c►�der at �;00 �.m. 2. I��ll �alw �_ �.onsid�r�tior� of additi�r�� ;enda items ?�lc�ne, �. �on�en! �'��+�itda - 1��em.4a t�rou�h� BILL7��PPrR '��'f(��'�i� T�� ,4PPTtC�}�'�'�'H1: C'C]MT�]SE1^�]]T r�G�1�]I)A 174FITFi TH� Rf:M(�4'.�,1. (�N 1��"F�� t�. .w[):� I��UI�F'IiF,'4�` SECC�?�L�EL) TN� 1v1��1[��l. �iflTlf_7�] �'AIiRl�.l], 5-(a, a. �'��sidfir�tion +�f � r+�ven .lnint �:it � C'+oue�c�l-�[)A� 1��i��tin '�'linutcs — Jun� �, zot� Rer��air�Gr�tiati��i� A}��irc�� the� }'cxint �'it�� C'ounciV-�T)� Meeting h�1i»utus Juu�' 4, 241 ] � b. �'nnsidcratit��t �7i a� r��in R l�� ul�r 1�'ie,c#i� � ililpuG�� — Jun� 1� 2[1f $ Rccni�unend�tic�r�e ��rn�,�e t�e K��ul�i 'vieet�n� Minutc� — Jui�e 13, �.�} j 8. �. �'e�ri�id�rati��n c�f � ro4�in S ��i�l �'�� ork�h�r ;4'ieetin 14Zinut�cs — June �3 �O 1 t� R�cr�ir�mer�t3�tic�n� .4��rt�;�� Sp�c��l 1�4'arksh�}� h+1e�:tin� 3v�in�al�s ,iur�c ��, =�1! �. �1. �C.ansid�ra�tion of a xa��in � 'ment �� b�lls Rec€�i�ii��cnci�liotti: Ap��rnve pa}°m�ttit €�fbil9� thr��u�tt ]une �i�l S_ lt v�'21S fi�L1t�CI t�� L}'IE �'UfYlf3�;}1Ai7i C'�i1'd7ll�} IR1�c�icc: {$7,�1[}(}� w+�ulei k�� r��:�4i�:ri ts� the. C'i4y �C'�uncil anci thc� C'h�rx�het• lunc'�� ttirc3�ld lae rcr�i�,�w��l f�r cxr�tr��.� cndin�,.. e� Cons�der�tion af H��e`da�s !��yateri�l� �h$tcmcnt und I�et�n�l�ti.on g�uo#es — �� East �3r��#��' Dectsia� l : .�sbcstvs Akr�[em�nt �.e�.�imm�:n�ai�i��: 5el��.fi l�cr�� r}�{irc�i��iti�nt�l, Iztc_ i� ahe arnc�unt ca1'Sf�,?�;� t�+ r�m��c ai�d dis�c,�e �±f a�t,�s��s, D��is�c�n Z: �ezti�olitinn f�uote �a�n�dlnr r1�sh Rem�;�aal R�.�t�3n�ncnds��icm: Sel�ut C'a�l�c,n �'csn�t�ctie�� ai} thc ��7�c�uotit ��f �5,�;�i1 tc� r�rnipv�c bsintic� h�ildin�,s .�n�! #i�undali�n �,F �al+�ct 5chluei�d�� C�nnstructinn �'c�r�ipany� in F;;r;�3s�n�i� I�ekelnpmentAu#ht�rii}� h�ii�ruiec Jul}� ] I.?[1!R 'F'a�;� I �4 #h� enic,unl c�f �7,54C14�tt r�6nn�al �a#`�.nrr3l��ete �uiidin�s and fout�datic�n {iftlti� Firc �u�artment is unable I�a �:r�m}�let� tF�e �rc tr�irsing�. f. Co��ider�tko�i of .4�ml��sl�'ati��e �9�d'ef�catior� o� Affardablc. Huusi�� T1F° Distr�ct #t-��i , �ecxrrr�zn�nd�iic�n; ��1o�t �I?A Rcsc�l�#inn #?[llks-I � a��rrca��in�. an .�dmini�lra�i►��, �ia:,�ific�t��m t� th� T�T PIaT7 #'nr Af#`ar�a�le H��asin� `I'I�� C�istric� �"1-dll. �, �onsi[Cer�ti�� f C"ontra€t for Privat� 1�edeveluvrrlenl �wifih Ri��ertc►+�°t� , Re�ide�#ia! Suites, LL�'. ITEh+'1 ��'r1S ftEMiCI��'EI� FR�I+�'I TH� C�l?tiSt�N-�� AC�TM+II�A. 4�, �'c�nsider�lio� o! �`�ntr��t #'or F'rivatc I�e�s}��loarnent t�►�ith Rivertc�+��n ltes�de�tkal S�it�s GL� 1im Th�re�� r��icat�d th�t the contra�t fc�r �ne�ate rc:dc��clt��m�Rnl ��s thc fin�] item fne ttye �f#"or-d�bEe ho��in�;'T1F di�tricl. `F1t� T�i]A aiid C'rty� C'nu�ci� a��rn��ed ti�e'I"�� distnct �t l�r�: �rr��ic�e�s ,��e rnee�ir��. �'17ar�s in�iicatc� tl�at the gtojc'+�t �.alls fc�r ��7fi5,0{D� w'or#h �t�T1� ��i�tance to Sri��s !'r�p�.~r#i�s aztd �40(?,��}0 upfr�nt finxnci�g a�ist�nc�e ��r under�c�unc� ��rki.i��. f�ri,��s is req�'sr�d ta pec��iii� 1{) �ff�rr��h�� uttiis w�ill� ten�i�ts ��aking less shan �() p�rc��t [+1` lhc �.oun�}f t'�+:�3j�tti ir��.nme ($�7,15(?}- T�ar��+n� ��ti�al �c�ted tlze m��ifi�:ati+�n I�, thc T�F �Sl�tn �xr�� the �gs'ee��e��_ 2Jnder the incsc�ifie� �`1F Rl�i�� -�nd r�::f�e�te€� iii tl�e A�,�reern�t -[he ar��unt ��` d�:��aa��r'� c.��t ��hjec;t t� reirnb�r:�ein�»t �� r�ciuc:cad �r��m �8�r�,(JIJ� t�� 7fs�.{�#0{l h�ecaus.� �,f r€:€�u�ti�ns in pr4�.��ect �.n�ks and th� intcr�e�l raie �ncr��asin� tc� S.5°�o ��'er th� #crrry o#�lh� �tic�t�c, �}�n�ia] �;t�l�,d 9hat th� rat� t��s r�as�r�a�rl� be�:ause oi'rnark+�t �:�andi�it��7�. "C`�tP►C'4'' h11N�; Nl(�4�Lf� 7`C� AD(�1�T �F}1l RESC7L�T1(�1�J #2Cll�i-16 fiF'PI�C1�afIN� ,4 {;01�'�FRA�"�T F'C}R I'r'�'J�FPiTE I�EL�EV�1.'OP;Mi'IFT�T ��TVI'�t.tL R3�v'ER7C�V1•'N �E�11]�NT�I��. �tJ1TE5, L�.C' A1�I� THE. �'IT4' CkF 1��J{�!�'7'IC'£I.l._4� F.D� ,�.5 RLLAT�.L� 1'C7 ��FC�f�.f�r�BL�. H�I��I!t°�� 7'IF 4�1�TR1�"T #1-��l_ BiLL'1�!'tiPF'�.lt SE�`f�hDET]� `�ll� 1vIC�TI+C77!a'_ MC]T1�Tr �'1'�R�I�.I), 5-f�, [=or�sid�r�iiuln of I�a►��nto�►�n �a�a�� Imr��+��eenent C��r�r�i Frag�am snd Downtna��ee Fronta�c and 5i�n��e Gran� Pr��ram �uidelines -- — Sle��e J�alie�sniy ianted th�t a�a�vri�sh�ap meeti�g ��+a� h�l� �Srirar !o tl�� regular m+�etin� t� c�i��u�s t�ae £�i��+.��ttn��n Fa��de Im��s��ement l�ar�i}t �'rcr�r�nti anc� Uc�v��n�o;�a�n Fr€�n4��e �r�d �i�s��e C'arani �'engrarn. lt w�� discus��i�d u��ith i�iinnr adjustm�nl� and ��ould l�kely. �ie �ipprt�v+� ut tha: ��xt r��ui�r El�� p�eeting in f'�u�,rusl, �IL.L 7�f�P�'�'R MC��E� Ti] T,A�I_F r�4CTI�3i�l �C�� 11D1�1T`l�:'�1�L L7�15C'4��5��?ti_ "+�i�iIC>1�' C',�F�RfEL�,:�-(1.JIh�'i i]Al�IDS(��l 5�C�1�L?�.L)'i`�1�.;�4[�`I-L(�.'�" C`ARRIED, �-�'- i>ru�rn�iic Dct��lapn�cnt ,�ut3�+.�ritiy �jnute� _�ul�� I], �rJ� k� P��e : � 4 C'ons��€°ratiun c�f F`reltmi��r-� 2D1'� El?A Bud�e# a�td 1fI�A i.c�: Jim `I'h��r�.� asked f��r f�e�batk c�f�t1te �mpo�ed �{l19 Spc:��:�1 B�nefit {I IRA) L,e��}�� In 2{13 R_. the E�r'� ��c�l�:�i t�� 't the ��•}� al tl�e m�iximur�� le�wel nf �323,U[1f1. 7-h� m�xirnurrti 9e�� fc}r 2{i] 9 is �.��,Cll�fJ u�•�ich is �� tn�r��st; c�f`��S.fDt7[}. ��re� su�;�;e:#��1 th�� the �:Ur� �c�n�ider tlie ina�iia��m I�+��y ��ai� in �{} 1 d) k�ec�us� uf �tc�� :f��?rts and prc��r�ms such a� thc f)�wa�tir+arn F�.r�ade irr��rrn��menl Gr�,r�t Prn�ram, I�rru��n�lo��n Fr�nt��e ��d S��,m��e C'ir��i Progr'�m, the prc�pc�s�d hcau�� rehabilitatic�n pr��r�m, and pc�teritbal acyuiwitic3t� of p�-t�p��tv in lhe d�v��ntn+��n are�, j� w�as asked hcro►�� thc S34�i,C?i�il r'8�1k� �r��s ��:tc.�z-�n�r�ed._ '1'1�$r�s �coa�fi�eci th�1 it wt�s a perccn�z�g� ��f ttye €�ve?-a1� m�rkct ��lu� �f �rra�erty ir� lhe c�11�, It �°a:c nn#cci #h�t in nr�der pc�r tl}e �.I?A to re�.ei�� hc tull �roj�c.ted icti•}�� ia� �� 19, iher� �w�uld ��a��e to be ��r�3 deliny�i�iiN �rop�rty' t�x �ra�enls. �4 srn�ll �mnun! f�f ir�iere�k �nd �i l�t�d l�case are al�� r�zini}r rc��t'nu� sour�es fc�r thc FI]A. I31LL "f,�LRP�:kt 1+�1[]V�I]'I.C� itEC'�Ci1��''.�fD TC? ��'�'�' �'t�1�1�'C�il. �:�A8,f1{�(} FC1R T}IL ��119 �PE�'1111. F�CT�]E�'1T�N1ftAj L'�V�', ]i]'�1 L]A�%1L35i�i�J S�.C'CI�I��I]�7'HC M(�TliD1s. k491'lTIfli�! C hl2F�IEI�, �-l�_ 7, llirectar's l�enu�-1 ��rg�,�:L� ��hun��nn �:x�liilIIl:L� �}]s�I SI3��tS ��3C�Iff�" �i Itil:k�' JT1�I1#�11�'C i1] 11�E 4�(�Vk'Ckl[1►4'91 4;ii�1C4� °.r��7+��3tc�v��z fte�u�iti�", �Tltc ��ur�n�e nf'thL meu4i��,s is t�s he �a�� c+F�en for�m r�+ith buwi��:;�� a�r� }»�c��rt'�� crwr�eE� in t��e c�c�v��nt�v��n ln talk aha,uk r��i�al'� ht��r��r�ai�,� irt Ih� dc�w�atc�wn_ Th� tir�t m�ee�ing u�c,ulc� u�:�: ur pn Aut��*l �t Luc;y Murray'� �t�u�i�� of [�a��c:�_ Jirn'�har�� ri��'ided il�+e Ecc�r�r�mic Z]��f�l��r3��nt R�.�crr1. `��re� fi�1lc��w�cc� u� �4�it�ti d�tail xks��ut Rltie h�IIF {]��e-�1`�rr,� Fxclu�ic,�� [�� C��l i'f4i�r;sYp1- T}i� FiQI]f� �Yt�t M71-L��.�.� a�s�r��e.�i as a�c.�r�te u�ere a t�ial I�'�I�� FL1�C�1T] e,1`��9�,LK�. I'�Y� ��/v #�T11t�tUGlt t�181 ]S b�:in� r�urt�ed t€r t�ae �i�tc G��ra� �`un�d is $58,?37, Tl�� b�sl�rtce �e�i3,g s�lit ��1-5{} �,rFit�� tl3e C'it�r i� �2�?,946, �3i9] T��per �ske� ��h}r Ih� �'i1y �`r�u��ci1 ��a�ld b� �i��,� h��'c�f'thc mcar��Y, 1'llare� i��dicat�d i[ u�;�� ;� rc��.��i�}end�k�cur� tKi th�: � ity� �'i�u�c.i] t}��t Ih� C'it�'s 5L� pe:rc.ent n�`the rem��in�n� fut�disy�, i�e c3edic�tl�:�! I�+ ci�w�r�t�e�� itnpi�c�w��mc°nt �rc�j�:�ts bp. t�t�: � i€�� 'c�unci3, ��i in eff'e�� it is �,c�.�Ji1i��n�1 �iunds d�r�c#�d tc� 19�c: Fi�A'� �in�.��ttn��n re�d�c�s�lc�pmen# ��a�ls� Thar�� stat�d th�t ar� u�d�t� }�ro�pect 1i�t v��a��it� �r�: cm�ile� t� ih� E[�A, (]ne �c�diti�in�] �r��s}�c�.i e��a� r�.�.�n�ly ��ided l�� lhe 1�s1, Thares ex�l�tini:ci �hat t�ti� �it}+'s �.rls Jniti�li�i: u�� r�n��ie�,� up, �l�h� �c�r��u��t zs l[�olcic�� f��r ��pa�:� tca �,�ri-n�lcle prc�j��.t� ��d w�'ou�� li};e i�� a�c lhe E17.P� �a�c��cr�� at 34� ��'est l�rnfldr��ar�, �l-itie �onsult�tt� v��oul� 1il�e �� ks��in u�in� tltie huildin� in l�u�u�s1 �n[! thu Park'� t��;part��ra� w�oul€i k�t rc;��t�n�iYr9e fi-�r the uiiliR��s �r�� m,�inten�r�ce_ Ste��e Jc�hn�crn a�k+�d if ti�c e1��tr�c uii1ilius v��:r� kur�,� r�fiF. rf,�re� c�nfinlze� �hat �c��"� �:en�ionbic 9�Cvcic��ent :lutht+nl}� A�Si�r�e�c� — Ju]}� l7. 20] R Pa�c 3 y� shul the �en�i�.e� �ft�itX ]al� 1��I�y�_ J�n I��nrphe�.� aska�d if a]e�:�� kw��,ulc� be execute�i_ Tl�are� �uesti�r�ed if it ►4�a� n�ec3�ci but �4�nuld d�eFet� t�r Mhe �I�e'4 if ti�.at i� th� de�ir�, L?av�ds�n a�ked ��t the ha�ardca�us rr��en�ls F�+u��d in ti�� huiidir��;. ��chUinaixi� st$C�1 thal st�ff w�oulc� ta1F: t�i �he �.L]�i's Akti�n�e�f s�c�ut th� l��se ar�d 3�d�:mnificati�?n e�f the 1��•r.�rd€�us tnateriai�_ �eh�m�r� r�a1E�d tl��t �tt�si �f #h�e haz�rdc�u:� m�teria�s F�un� in th� huildin� ��ere na�t-fri�t�l� a�r�l ar� safe if�left ur�da�turt��. St�eve J��in��rt �tat�l th�il if the Park's I��trn�nt cc>uld �rity� tE}e b�ailc�in�; u� t� �s s�f�: �t�d s�und condit�nr�, they� �ulc� c�e�ug�r t}�e �url�l�n�;. H� further stated t�tal it is irr�Y �-xrr�a�t that a f a I��st is createsi that it in�lr�dc�s �, 3€�-da� nc,t�ce of r��ion af the ��c��a%�ly in c�se rt:�cs��Copmer�t a��pc��tunilie� ca�n�e �l�an�- JII�"! I�.�a"4"��SC}T�1 ['+��7�'�'D TC�' A[.T.{�1d4+ T'H�. lJS�'4'4`I`�fi T��F' C[�NI��TIC}',�l Tl-1A7� `�`HE �,4RKS I�EP.�R I`1''a'1�1�T' U4�flL�LI� l�F. RFSF'O':�SI�3L�. F�J� AJ�4' 1��'f�E.�,�EIi C'��°TS, iHE C�U�T�a�c� u��cil.�t.� 511-��.��►�� T�•�r ��;I�.�Ih�c� .�� F�. ��[� �.75�,4Bf.E AT��I3 A?e' ,+�C'C'�.P��ABL� f�T ��F� 7`1-i� LAh'D 11��. BILL 7'APPFR ��'€�1�'U�T] 7i--iE i+.�!{�TI(�:el. 1�9�1�-iQi*1 C'Af�RIT�C�, �-U, �. ,�►djourn �d1l.I, T}�F'f'ER 1+�iCl'4�`EI] `i"C� f�Ila�L��1�1 77�E �iE�TfT�'�', r1�T' �;31 P.M_ J1T+��1 �.��i�sr�r� �r-.�or�r��.�Tr�� r��T�o�, r��c��r�rc�� c�r��:n, �-a_ �J, L°loscd Scssio� �+C'�,��i�leration of reces�i� #�a closcd scssio�i to �1€�t�cla �►r �o�ts�tl�f c�f��rs �rr cc�untcr-offer� f�r thc urehasc or saE� vCl-�e�1 or crsarr�� o � ursus�st tri 11'�inn�srrta �ta�ute 1�D.Q� Sub�di+►�isi�n 3 e 3.�'ki? #1�S(�l y[�O(F�1�} iS�UIUU:�1#13ix 1;5Q1+�1t��1��11M R�cc�rder_ Ja�r�b `I'C�u�7ander � r�4g�rs�+��d= r�u�,u�t R, 2U� � �4tt��;t; �_�� Ji t��s, ��:e�norti9� I?e�reln�mc�i L]ire�[c�r I;actinonis�. �iex•�lc�}�necnr A�ithorit}� A'lio.rvars ,��rl�' ]�_'tll$ Pa�e 4; 4 P�li�y �t�t�n�ent� f�r �V'ian�,��rn+ent o� �4�►ail�bl� Tax In�rer��n� Financi��; ��IF� Fu�n�s The City a# AAn�rticellr� Econprt�ie Ue��lapment ;4utk�€�rity �t�e "E�+�,"} h�s prepared t�re f�nl3owfng pt�li� st�terra�nts to guide botF� stafF �nd EDI� m��nt��r� to m,ak.e cvnsi�t�nt and inf�rmed fina�n�i�l decisic�ns r�gardin� th� u�e r�f avail�'bk� t�x irrcr�r��nt fina��ir�� i�F� func�s: The p�oli�y staterr�enls are int�nd�d t� b� .� g�+i�ie, The �DJ� m�y dex�rmi„e t� allocate funds to other t�ypes of pr�jec�s, nc��t includ�d b�l€��n+, b�s�d on ath�r cnteria ar�d f�ct+�rs that may exist. Th� E�?A deFines "avail�bl� T9F funri�" a� b€�th curr�nt an� futuee pr4j�ected do11ar5 �e,ga11}+ auailable witl�i� estahlasl�ed TIF fund�, �nd n�t c�mm;tted ta exisklrsg obligatiar��, for tM��e EF�A tca spend c�n redeveMcr�men# �ndfc�r assist{rrg aiYor�able h�using pr€�j�cts, �II pursu�nt ta h�linr��sat� �tat�utes, Se�ct�ons 4f�.�74 fihraugh 4G9_1794, �r��lusi�+�e, �s amended;th� "TIF Act" �, POLICI` STJ�fifMENT�: Redevel�p_rnenk Pr�oiett� Th� EDA r�i61 c��ider �Iloc�lting av�i�able TIF fu��dsa �iti�o�t �Sriorfty or�ie�, t� tl�e fo�lowi�� #�pes c�f r�deuelo�rnent projects; 1, Ac�uisition �s# �rn�erty —�Inck 5� to f�cilitai� redeueloprraerit c�r�s��tent with th� �bf�t#ives of #he Dc�wntown 5ma11 �,re� S#udy. 2_ A�qui�itiqr� �f f�ro�e�rty �- Block �� t� f�cilitate redevel�pmeo�t cvns�.sterrt +�itn #he �rh�jectiv�s nf the I]ous+ntc�+�rii Smali,4rea �#�dy- 3. Ac+�ui�itlran of Pr�p�rtyr -�ther dowratoa�r� sites that �arowide r�latiuely irrtmedi�te A devel��rrrerst �p�artur�ities #hai supp�rrt Rhe �b.j�ctiues of th� Ce�rnprehensa�r� �lan ar�d tF+� D�wr�totn+� 5mai� Ar�� 5tudy. M�sl�rs FiftYt Av��ue Site —,�ssistan�e for �nder�round or struc'�ur�d ��rking impr�av�ments �or a de+�elaprnent �can�istent with lhe objec#�+res �f th� C�m�reherr.si+re Plan, the Dc�v,rnt��vn Sm�ll Area �tuc3y, th� TIF F�lan �nd ihe exi�ting Cor�tra�t f�r Private Qe++relo�nrnent, and appr+�v�d hy the EI�A_ �, Assi�tance #ar in�talfation o4� pu�ilic or �riu�#� infrastruckure ��d value•a�dde� site i�prc��+en�e�ts such �s under�round or str�ct�ured park;ng for r�eder�elopmer�t �r��et#s e4nsist�nt +�+ith ttr+� o�jeeti�+es crf the ��,'�pr�ehensime �'lan and}�r the D�v�wnt�own Smal! ,4rea. Study ar�d ,ap�r�ot+�ed by th� EDA_ Pa�e � 1 lanuary 1{l, 2C1� � �Fie�+i�ed} 5ttk�;7E+: h1V141�1i+;,-1�:;1 ,��far�lable Hnusin �ro ett� The E�A will eo�si�e�r alloc��ing �vaihabl� �IF fun�ds, tivithout pri�rity c�rder, tn ttre fodlc�wing tYP�� of aff�rt#a�bfe h�r�usang pr��tt�� 1- .Ass.iStar�c� to lawer o+reralP �r�aj�ct c�sts via r�im�ur�ement of TMF-elFgible expenses r�lated tc� prnj��ts #hat me�t th� E[�A's v�lue-added �t��d�fd�ftrilCeria, 2, BI(r�k 5� — Assistan�� F�ar undergr�ur�d or stru�tured parking andf pr �r�l�e adde�! site irnprcivcments in cann��tipr� with a rr��rket-rate, rnulti-famil+� housing with �r� �ffard� ble C�+rr�poneni. �_ Cit� C�re - E�ta�frshment �o-f a scatl�re�-site �wn�r-�yccupied reh�bilita#i�rn pr[��rarn.. 4, �pwnto�+v�n Area •.4ssist�nc� fvr undergrc�u�c� �r s#ructured parking �r�djor v�fu� ad�ied sit� im�r�ovem��ts in conn�cti�r� witi� dev��opmen# �f rnarke�-rdte, multi-f�mily pr[rjeCks wit#� a�r aff�rd�bl� comp�nen#. 5, �ity-wid� — Assi�t�nce for th� insta�lat6an nf pubhic or pri��te ir�#rastr�u�ture serueng sit�s t� be deve�oped with m�rke# rate, ►nul�i•f�miiyr hpusing v+lith an aFf�rda'bl� ��mpcar��nt 5, Acquf�itivn of pr�p�rty #or �sur�oses vf f��lit�ting dew�lopm�nt �sf � mark�et-r�t�e, rn�lti- famidy h�usin� prc�p��t with $n af#�arda�bfe campanent consi�te�nt +�+ith t�he go-als ant� �bjectiues af the Com�rehensiv� Pl�n,, Rdge � 2 : ._ _ _ . ._ Januar}r 1C1, �0�8 �F��vis�ed) 5a�x�s7F4 i�i u � hi *J � ska-1 r�1 1�'I1'+] LJ°FF S �.�:��ULrI� h�1�E'Y'I.�� _ ��:�?l�{!��►�il� I1rE�'�1.��C?�'�vl�.N�' Alf'1'l�i]l�il'fY (EI?A) V�'edr�esd��, dane�as-y� y�th} ��F1�C —fi.f�� p.rr�, 14�iissir�sip�i Room, �4'��nn�i�elln C:nxnmunit�� nter C'on�iiiis�i�rnees T'r�s�ilt: �3ill "I'a��r, Steve Jc�}�n�r7, Tr��y Hin�* Jnn fV1��h�v��, jirn i�a�+ids�n, and Ll�yd H�l�rt Staff f'r�es�ilt= Jisii T17�res and �4n�e1a �eh�umann 1. �a�ll to �Jrder F�itf T�p�a�r c�El� tl�e re�ti�lar me�lin� ofthe EDA to c,rder at 6:{JO �.rr�. ?, itoll �::�Il �_ �C.o��sider�tin�i �f pr�siding a�fficcr �3ill Ta��r Xe�carr�troen�� astp��tiin� electacst�s �c�r� offieers unti] i�� at��ua] me�tir�� ir� Fehruary, TI3� EC�A� m�n�rer� v4�ere ir� c:ans�.nsus. �. C.'o�sideraticrn �f �ddjt�or�al ��nda rlems J�11� T3ri�]�% f�{�LI�S��€� �9i�ijttl� I�41i7 �, 9a an�i 12 tc� the C"�,nsci�l 1'��;n�l�r, 5, C'�nsr��t �4��nd�. LL�]�'D HILC'iAi�I" M+CI�`�D �'C� �4f Pl�[�i�� I�H� CC�,t��.II'�+TT AC'iE1+]D�f� 1�1�1T� TVC�TEI� A£,�D1T�IC]�'�,�?v[7 RFM[l�'�L.(7fi 1Tr�] D. iRA["Y ��rt�'7.. S�Ci�?xaI3F•.C] 'I'�� [1+9[)TI�C]I'�_ t�'J[?TIi71V C'AR�3.lEL7, {�-{]. �. C'�r�sider�tioii af $p�ro�►ru��; R��ular 1�9 cctt�y� Alinutcs — I�ccc�tibcr 13th, ��l1� Rc�crmm�riclr�ti��rt; A��r�o��. i�e�ul�� .'l�t�r.n� Viin�t� — I]��.�rrt}�cr 13`�'. ?�17. �. C'o�sider��i�n +�f �u�ro►�in� S�pe�ia� V4�'�rk�h�p 11��tin� 144in�ute� —1]��nb�er 1 �th, T�Q17 ��3t��n�n�a�i�n: A��rr�rve S��ial 1Nr�rk�}��r� �4eeti�i�, Mi�irutes — Decenyher l3'�", ? (� � 7 c. Con�id�r�ti�n af ��nrc�v�r�� a��ent ot bills R�cnm�nendatir�n: A��Enr��e payfnent of�iils tisr�u�#r Deceminer, �Q� 7, d. C.o�sidcratinn af A�cp�isition and kel�ta#in� �ee°vic�s �ctaincr ��reem�n� with'4��il�an I�er��loCrrr�ent R�ec�+rr�meii�izt9nn; �1`�.M i��.��"1��.L� �f�C7M F�-3E �C1NS�.�*!7� �G��'U.4, e. �.onsi�icrati�n of e�e�•ised I�'IIF' �14�innesata l�v��ter�+�nt Fund� L�aa� �Guideli�es R��cr��m�nda#iniz: I�9a€�ify ti�e !"�91F Lc�an �uideiin�s r��rdin� re�aym��t tent� �nd equitv anc� inter��l rate ian�ua��. f. C.o��side�•ation of �e��i��d S�C_DIP i�nnalr �ities Dc��elupment �r��ratrw� 1�o�,a �u��elir►es R�cnmmendats'�n; hviixlify the SC�1' L.�a�,7� Ciui�1�13i�c� �'c�arciin� rep�r�t�nent t�rm sir�d i�r�uity a�}ci ii�lere�i rate lan��a�e. �. �or�sitEer�ti.a�� n� F�r�h�� A�recm�ent for ��,�, E�st �#r��dvF�s�� tie+et,, hiontice�io 1�'1�' ! - R�c:i�mnienda�ic�il; 1��ra�� [�.�soi�ti�aiti 2(.] ] 8-2 ��ulhr�nzin� t}�e pur�ha�s� �,�`t��e ;�acai�t ��rcc� a�f ]�nd l�cated �t ��5 �as! Br��du�av- �A_ Cor��itiera#�nta €�f.�l� ui�lti�an �nd Rel�ac�ti�n Ser��i+�.�s R�:tai�ee`.�, rce�nent 's�°ith V4�'�lsan Ile��{a��nl Ll�ryd 33il�;art c�uc�ti�rtt��f tse�� limitcd with c�n1�r one ��1iL�n 1'[rr 5er��ic�- ,11t77 Thar�s �xplaine+�i th�it it is a professiana] servic� and not required tn h�ve m4re dh�n �ne k,id. TEt�res n��1� t�e at��ur�s r��;xp�ner�re tl��t'�ils�n I�e��l�pmcnt I��s �p�:�ial3� ��ith #he C'it�+ c�f lvlont��:ell�n_ Sle��e .1alu�sc+t, askcd ifli��re was � t�}reshoYd t�, use these t}pc� uf��ice�_ '�vinr��hek�� s�uar�rnen�ec� �h�t �4'ilsan f}e��l�pme»� and Vv'�Fi's �er}�ices u��c�uad lil:eiy� �har,�e ab�►ut tl��e �s�r�� ,ul rec�+ini�ie�oded '4�`i Ison 1]�veln�me�tt �d�c: la pasl rel�tic�r�shi�a�, A�j�?E�d 5�.�11�1T1r713l7 .'�,tf�fC� �}�yM ��]�SC 5��A+7�:�5 t�L�c�uld an�}�� t�e uti�ir.,�d c�n ai� as- e�eeded h�,�i:�, J�Qi�! 1viC��a�liFV4f 1�r1��L�'I7 Tp ,4�J�'I��11�l�E ��fTEFtl1�l{T �I�]T+� � RELC)C:AT1C1i� �E�t��1C'F� R��`.41�]E.R ,��,RFFM�1'tiT V4'ITFI '�'4''IL�C7�1 I7�.'�'EL.t�Pl4��lT. ST�'a�'E 1C�1�1�J��li' `��;C'Uf�1LiE.�_ h�lQT141� �'ARRtEI�. 5-1 1�faTH L�.�4'I7� Fi[l.�G,�f�T �'�}`��NG TZV �I�P[.�SI��IC�'i�� Rr�ular �►�;end� 6. +C=onsi�ieretic►n �f ��1 � EI�A �4�'oel� Plsn .dir�7 �hares �#��ec� a� t}tc ]ast rneetir��. h� 3°�:��ived �'��c�hac;k ffcr�r, c�n� c�a�nrnis�i�n�r and ��;�wu�iE��ri �'car it in the �rn��c� 2{} I� EDA 1�Vc�rk P1�n. :�ta#�' alst� m�de a�t�er ��diti�ns I�� the plst�_ T��res r��ie��ec� th� �ew� it�rras, b�k stated a pri�nn�r�' fc�i:�as w�rt�ld bc �irr �mplcmca�t�tic�n ��th� �m�l� Area St�dy s#r�t��;ies. TF��'Y' i 3I;�� iv]�l'�'�L7 �l�C] AI�C7FT �'�IE `��11�3 ED� 1�fC�R[{ f i..4�1 AS F'RE��.�YTE.�� l�1�9 L7��'!!)SC�1� SF:C`C31�1I�ED �`HE MC�TICJ1�, 1��t�'il[lpr �',�RRIF�7. 7-�1, 7. �on��det�ti�na of r�►�is�d Foli�� S#�ternent i�ar Av��1ab1� T1�' Funds Jirrr Th�res stated �l�e 1�9aster's Tifth ��enue �rc�j��t +�fas ide��i�i�d ir� tl�e �dupted �,��li�:�: a� �"hnusir7�.' prc�j�ct, but �hr�uld }�� identified as a"r�de+.�el�pmen�" �roj��t, Adjustr�ents wer� als� mz�dc t� the �c�l��:y !� m:�kc t�i�e d�a�un��t�t mcsr� prof�si�aE�al, STE�� dC7H'�lS�I�1 �,�IO�FE.I] TC� A�'P�.C��'� `I'H� PRQPCJSED i��L'I��II Yf�L.1C'l, �T�4T��4ER'TS F�l� A�'AIL.A,�3LE 7'IF F[,�7ti�T��, 11A�S i3AVIDS03^� S��'(}1�:D►E37 `]'Hk :�"��'��.f�. ��}}� �,��.�.��..i, i�-'�. R. C'onsiderat�c�e� oi rcr ised h�IH fh�linnrsata ln��str�icnt �'�r�d� l.oan Cu�delines -.4dde.�f f� �fi� C'�rasera�.9.��erda- — 4). C�rnsider�ti�n oCre��is�:d �CDP i'�'ni�Ci C:itE�s �c�elnnr+aenf Prc��r�m} Lo�n {�uidelutes — --- --- �R -,9drfer� to �1:e C'r�,r�.4era�A�e�da- 1�_ Considerati�� uf �o�'r�to►+�•r� Bu�i�ess Im�r�r�ement �ro�r�rn Loan Gui�elin�s Angela Sct�umann ex�alairyed t�}�t �tafiur�e I�n�;in� ��r i'ce�iiaac=k t�� eltcr �lir��t s4af`fi�nd �''M�i�'. �h�: sl�E� lhai si�f�"put t��etheo� a F�rc�pos�d pro�ez»� th�t �vou�d acc:�nit��nd�te f��d� im�m��er�tep�ts fa� hu�in�ss ��ital�t}a ir� tl�+c �c�u•�nr� wn, �churr�a�n st��c] tl�c imp�rt�n�� [�f makir�� an �#tra�tive �n� usefaa] �rogra�� foi� pi-apert�� ne�-� i�x the �n��+�town. Ss:hunz�iy�� ;c��ain� the b�sics c��`the prr��rani �nd not�ed that the EC)A cnu1d �i�ak� ch,aii��s, llndc� th� �rt�pns�l, xhe lc�an term v�rc�ul�l be f�e+� y�cars. Thc ��:��n woulcl �� t��r�.i�,��le based on ilxe #�rrn sei a�ti� �ro-rat�d hy �e.�rr� th�t t�7ey re��7�i�� it� tlt� h�ilr��n�, P�`c�p�rt}^ c�u+�rr� +.a�cxx�lci tt� t� i��c c�th�r finar�c;i�xg �:� a��i��ar}�� c�urs;�_ �cl�uinann sta�c:r� it ��s ►+�nti�n t� r�quire sixty pei-c�nt pri�raie se�td�r r;dri��ir3it�nent �,t�� el�cs nnt �ncl��dc ��ui�y� in t}rc bu�i0�7a��, Tt�i- rr�ir�imur�� c+rr�}��r �[�mtnidm�:nt is tiv� �er��t ��vit�� a l��a�� ca� �s�`for�y �e�°�er�t. Tl��cre u�as r��r t� mit�itt�urn I�� ame�un� �;s6�blish�ci �e�c� � 1o�ij intcre�d r�i� �s #�o }�ercenA, I.c�al� pariic��an#� �°r�uld tynt �e �}�l� to �Sair r;uisl� c�t}�cr �I},� lc�a�� rn�ra�rns, ],c��ir� f+��€� us�� in��k�cl�,1�� 17c11d am�rc�'��in�nt it�r�s, renc��atic,ns, �nd m�demiz�tic�n �f builiXin��. A��iie�ia is �l�c, �rc}pc�s�d tc� hul� ll�� E�7� in sel�tin�, ac�an �aartici�aar�#�_ T�7e �en�,ra�shi� bcrun��r� foF th� �rograt�t �ouic� �n�l�de �ial }�r�p�rti�c� k��ilhin tE�t ��[�D €�istricto 13�11 T��r�er cni��y�enied that he�� l�ke �c� �ee t��e k:�],� }�ir�e sn �r�hit�.c1 IE� ��w�alu&t� the �lcti+��atc�wn �nd prc„�ide a�ri�ic��ti far u�h�t v�c�uld be ��rop�iate tcp mc�dify tY�� fa��€ies. T'a�r�e�� lsc� su�cs#�ci �uttio�� t��;�t��er ��er}� s;r�}�1� �rx-►�ra,rrr lu carry� �ut the desi�n_ He al�a� sta�ges�er� re�i�o��at�on� tc� �ui{din�s �e p�a�e�3 in a dafferent cate�ne•y urh��. it cti��lc� b�: d�t�rmin�ed i�' � builc�in� ��r�s ur�nth �icis�� is��ust�d in. Ta��c:r dici��°� u��nt the EI}A to rusEy iiatc� ��;r�� withi�ut i=uilitl� un�i�rst�nd�t�� c�tc h{� �i+�tu�e, Si�c��e Jc+h��c�rr expl�incd �ii� cs��X�m f�r srriall �usir��:s� ou�ners bein� ��Slc: tc� utili�e the f`�and. �cl�u�nann stated tliat if a�Src��ertv i�wner �vas intere�ted i� mal�in�; ch�n�ts ta their buildin� I�c�� v�°�uul�d lik�:ly hirc: an �rchil�i ic, h�.I� �e��elc�� p�ans. ��hun��t�n als�r �t�t+;.d 1��a� ��°nric::�n�i tr��iy h� ��i �ptlin�� t� further ��Ik tlzrau�h tC��i�=n �;uideli�les �it� tc� E�rc,r�ic�e a cl�e�rer scc�r�� f�r the ��gra�ri_ Trr«:�� Ii9�� chocd that s�e ��'��sl� �ike l� see � vqft�rksi�cti�� meetin,� set �� r�d �c� �15[� � i��l��d� dn��ntt�wr� �Sr�+perty an�d bus�n�s� �urners in �n t��s ir��ctin�, Ste�� o�ns�rt �cx�l�ini�d t}�e �rn,�o�tan�;e e�f l�li�iiti� x�ith F�u�ir7�s� ai�d�c�r �r+��aer#�,a c+v►°rt�ers �vior t�t tl�e w�ricsl�c�p tr� �h�w��s�e �•}��tt th� C�ty �+.��uld iike t� �io in th� dr��nte��°��, �,ut al��a �ski�� ti�e5e per��Ee +�•hat tlt�.;,r u�anted t� d� and I}�� ssi�t$r�e� th�y xav��1� nee� dc� m�k� ��p�r��=�rnerits, 1 i.��nnside�`�#i�rn nf PurcF�as� �4 reernet�t for �� Ea�t �#�� tree �'Ipr�ticeil� A'lIY Jitt� 7"h�r�s �t��ci an erna�i] Frr�r,� �}��° prc.r}ae�t}� ��rn�er �,��as r�cei��ed [}n Jan�ar�r �rh �skir��, #F�� EDA tc� i�� open t� �t�su�rrin,g the speci�l �ssc:�smen[s €rf 5?,�if}�, 59 Thare� ex�}�ii��d tl��t s'� pur��chase a�*r�err3�.r�� C�as o�r�l been si�t7�[�. L�.C�7�I] H��.�,�RT` 1�Qr�',�I3'P'�U L�A11'� THE �FF�R �S 5i"A1vI�S (A'I- �i 1,95�j, iI�1 bA1Fj�S�7hE SE�CJi'+lf]�'D THE 1��L7w�'I�}1�'_ h�[�T`1C}1�' C'�R]�IFI�. 7-0. I?. �C'u�nsi��rallon ni` P'�r�hasc A re�e�eent fnr �5°� E�sr �road�►a�� t�•�cr i�'lunti��ll�r 1�'! N -,9€!rl�d Xr� rh�� C'n�s�r,�.,� ��rdu- 1 �, i)ire�t�►r°� �{c or� Jrm "T'�ar��; �r[�e�ydi:d �he E�ir�e�ciar':� !�c}x��t and ��ted tl�e �tl��h��d �,rc��peco list �nc� ?�«rt��l��nti ��ec�ariti�s se�°ie;�� r�d charg� rt�te �u�a�;e„ `I-I�ar�s �C�o adcfed lhat lhe I�r�e rn�rketin� si�=n i�� C)tt� �'reel: i� Guree�ilv ka�;in� de�i�,�e� as a muc�€ u� �Sy 1JU�8. .t:haees �iE� expIai��i;ct th�� I�e �,��ul� k�e ali�ndi�y� tlt� �nrrua] Wr�,��t �'csuntv Ec�s�c�rrti� D��c�u�pn��nt P�rt�ersl�i�+ !vleetii3� can Friciay. J�nuary 7 9'" and ti�� Ec:c,r,oini�: 1'��;�a�eloprr�ent ,Aw�ccaci�etitfn �}f �rf rnrtusota cnt7f�r�n€;e fr�rn Janu��}f ��S�' tc, tly� 1�`�`. ]�, Glosed Scssic�et —[:onsid�raiion nf recessin tt� closed sessio� tp d��ton c�r c�usider af�crs r�r� �ountrr-4i�fers �ar the ur�cl�� or s�l� uf rcal �r ers��al r�r rt3° 7ut�uant �o h'Iinneso�� atut� �31'1.05 �u�de`��isi�ar� � c 3. Pl� � 1��F1M1�}��3� 1�5�11(MU5�1�0. 1�5i�1(�p521�Q, ]SS�D1i�U5�10�, i�5(�]O[l�iC��] � 5_ �[� ��rn '�`�.ACY F�l�i� h+t(��f��l 7'E7M .��I��DUR1�] THE M��T177�� AT rs5� P.M. a1Pv1 I3r'1�w�I��C�1� ��C'Cl�`�fD�£7 `�"HE. MC}�`�C�1�'_ �1!Q`�`l�]I�; {',�T�RIED, 7-0, l��corder� Jacr�i� �'hunaii��r ��r��e�l! rebruary� Eqt�,_ �C� �3 A�9��t: � ,� �. � �. . im T` ares, Tct:,nc�inic �c��lc�pm�nt birector 0 z 0 4 � C � � � O C � m I m N N I M I � I I � � �� M N O� Ol '.h � O O O � � O � � p . v� m �n �n M � 'C -r �. •--. — � � N � N N � :� O � O � � � � Q Q U] C�-i .� .� J i '.� '.^-'C L 'J '� 'J yy p O � p r' !17 a � �17 � � . U O 3 CG.�� O � � = G � .� �y � y � .�'.` � � Q LL Q' '�-�- '�-�- y � ,-C [� � � � :n � C � b�A iA J c1 c6 U.l F F � � � �` %' r>" � � � F�+ F^ F' /a � � GL C�. L�-. W W [i: Q� Q � CK CC CC `J `J � � y � C� C� � � � C. ) L..J �..J �`�i :.G� :.G� � Q Q FO P7 fr c/7 c/7 :J7 � � � O M � 0 m � � N O � � � a, a � � � � 0 0 M M � � � � <., M N N �+ �n��}� ! . � �at� ��`Transa�tia}n _ � c�r� c�� n�r�fic�t�a �ity H�II �C�rd firaro�art�vn Ple�s� att�eh th+� introieeJreceipt �nd �ny ather �vaiE�b�e doc�umen#�tP�r� to this f�rrn. To be corrtpleted by purch��e�': . � �. AIriQUI'M# �! Cirtle purc�aser narr�e; �u�ie C�eney T�'�ey Erg�n 11i�ki ��rh�ff Fta�cF�el Lec�nard Jeff 0'Neill W�yra� �7b�rg Sarah f�a�thli�b�erger 1+�nn�fe�r ��chr�M�er ��a S�hum�nn aim ThareS Jaco `k o-�� . - �rnpl��"r�e Sig _ t re �u ,�-. �'"r � ,1 � � P � [�ate ��prvved � §peciaP Project # c�r Uessript�nn . C�rcle €��artrtterrt cud�: a1 �ity Co�n�i! Admirri5t�`�#ion City Cl�erk Fin�n�e Hurrt�n f��o��r�es f'lannir�g ��t� ��rtir�g [�ata Prot�s�ing � Et�n�rmi� Deu�tc�pr�en� �� H RA �. — �_ _. �'rrcle �xpen�e eode: 4�199� �ener�i (7p+erating Supp�li�s 431950 News�ett�r Servic�s 4�1�9� h�is�ell�ne��s Pr�rf �erui��es � �c�� p��t�� 433�Q0 i r�ve rainirrog �x��r�se �: 443 i� �u�s N1ern �e�s �p Su�s[rip 44�7�0 Li�enses and P�rmits 44399i� MiSe, C7th�r Exp�en5e C7ther 1�1fi201� fn4�c�ic:e iV�. 20c?U03937 -�c�crnr�r-,,c �]evel�pmen+, Associairon ni Mirr�re�ada E�c�norn�� e�r�fopm�r�t As�oci�#iort +�V'+�I�� of �11'�nr�esv�ta Bill l'o Jim 7hares Cit� �f Monticello ��D� �+'u'alrrui �tre�t Suike 1 ��C��tIC��O , i�1iV 5��i� l.Jnited 5iakes �� ;?i,r�o1� 2��s7 S�t�p Tc� Jirrt 7h�re5 City +�f h11on#i��llo ��1� �1+aln�,i �treet �UiCE ##' ( Montic�llo, I��1N S��fi2 Unit�d �tates ��'' L��serip#ipn 1 Full Cor�#�r.er�ce r,Thursday 8� Frraayj -�linr Th�res � D�sca�,+nr REarl�r �ird aisc�unt - Full �onferenee� 1 MobiJe 7our Ticke# - J�m Thar�s 1 L'�iscaunt {Early �ird CJ�ise�i�nt _ Maksilr: Tour) �R�� r�� n#s��f j u stm e n ts QEy C7�scrlptron 1 P�ym�nk �.�ia �r�dit Ga�rG tusing eard xxxxxxxxxxxx0�$Oj �I�Spltet� �er irrvcric� �n ?l�fJ207� 5:43:��J F�M �2�8 Park Gl�n Rc�aa AAinn��polrs, h+IN 5�-01fi P: (9�2j 828-4fk4Q F: (952) 929-i318 V15.4 M�SC�e�ard P� Num�ee T�rrr►s �a�e Dak2 L�lie an 11P �!2(ki'� rec�a�! PfiC� �3�5.p0 �$4Cr.0[�) $40_(]{� �$1 b,�� ub-rata I Tr�tal �ri�e Totals (�31S.C��OJ (531�,0�) iotaf Payments�Atfj�,strnents f�3�5,00} �a�an�e aue �,�.,p�} i�11 �,;:?!`t+lW v1.8�da�n,Qfi�?f�i�mb�f��en��7iCS_v'i$1H,�S�] �� 7d191201� ��rCl �{61rt3�5�� (r�quire�dl Invaic� N4. 2UC�43937 -�ca�omic D�v�l��,m�n1 As�'akion of hlinn�scrta hl�rn� on �rd, ��gnatur� 4F ca�rd h4lder, Car�d holder Fhnne Billing 8�ddress (if different thar. abiawe} �it�r, Stetg, Zip Expsr�tion I�ate 3 dit�it �curiky c��d� ;F�,r ct�ric�� ,.,� ,,,,ari ini"ial� fiil. date C�'{� . lnl!. �5did. k�l, clue htkps;llw�vw�,��am.o-rgirr�emb�erslinvt�i�e_vie�w_at�� 12 1��'ct� dc�r ��t� i�f Tr�nsact�on 4 � �IT�' �OF f�+J'Ii�NTaCELL� �i#y Hall �rd Trans��ti+�n Pi�ase �#t�tk� tF�e invoic�Jreceipt �r�d �ny other ��+��i�ble d��urnentatre�rr to this forrrt. Tt� b� co�rnpl�eted by purc�a5er: 1�Irnount $ ��.` ,� f ��._ Cir�le purch��er n�me; �f�j��t1 � Vicki Leerh,�ff � R�chel Leonard Jeff (l'fVeill '�Ja�rn� Cber� �arah R�#hli5b�r��r 1�r�nif�� Schreiber Angela Sehumann Jirn �"ha�r�s Jacab Thun�nder �� . � . �; Er�pao�e� Sign�ture �'� , � � `� .; S�apervi S� 'r� xe � �at� appro'�� 5p�eia� Prnj�et # or Des�ripti�rn Ca r�cl�e �I�p�rtrnen�t code; +Circle ��cper��e cnde: �4�19�9� 4�1�5{l �.�199{l 43��0�7 4�31C1�0 4�33� 4�37{].� � 39�Q��" f?ther ��.'� 1��v`�7 +��,�'� ��v co,��i Adre°�ini5tr�tior� Ele�tion� Fin�n�e Hurr�ar� R�source� Pl�nning �nd Zo�ing �ata �rocessir�g City Fiall E�onornic E��vefopmen# HRA �ener�l �]per�[in�.5�pplies �lewsletter 5��,+ice� �rliseelG�r��ous Pr�f Seruices Postage Tr�ue�JTrai�nin� Expens� Dues A�1�rr�t�ershtp & Subs�rip �IC�fY5�5 dfl� ��I"�7'Y[[5 f�+list, C�ther Exper��e �� W'r.�: i Fk�. PI�1" I,�. MONTI�ELl,.O �� ]'�;�-271-110(l 41/1612�19 [}1 �3 ��" E?(��ES i}q�'16i19 IIIIIIIN��I � I'illlll'i�� lll .�kf�;��r r ; ��(1112� 9 Ar� S�� _? ��it s: FN � � , �x � � ! �i112�?1 �V1 a[:�yCS FN 3,+� � : �i4�72B NiJFF7.�'�S FN 3,J � �5f?Q�� .JFFINS �N �,� � 12��1 ;3�.� c,-=M �F�G FN �.5 , . � "�;��01] p�NAh�A FN �7,5 ` 1,�s �� o_��r�t� ��,p�oT�� ao,�. :� NG TA1f $0.0� ,. iJTf�:� 2G.9: �7�:�45 a�tSA CFIARG� 2�,'�s � Ca: Aoe�OC�0�:�1�11(ia � �[SA CRE[7I� �::_. ��..J016-�1�0-�;1i7:-3318-� UCD�751-259- �r f � � .� � r�ota��sr��p�ai�� kr1p� 2�r� �Ilke. �F�ar+n fee�hac�t. � �;, �i�e�p m�k� y:r,ar '�a,-��t R�yn b�rtter, T�kr� � 2 min��te :sur��3�r about ie++ic�y's trtip �J��1�4�l�✓��}��}C U�7L ��i : � �1� c��r�r.:r��;� t�; E:sp,�,r�� [-' l i•��k. � �,k ., l � , . . , ` , �n d -: �'ea1d�[1r'� Li�t� c-�� Traii:sa�.tic�n � ��' I � '� C�71f �0� M[}NTICELL� C�ty Hall Ca�d Tr�ns�ctir�n �I�ase attach #he in�oicef receipt �nd an� o�her a�aila�l� d��urner�tation tc� this f��. i€� b� c�rrrplet�d by pur�haser: �->:._� � Amout�t $ ... ih_-� i� � �irtle pur�ha5�r nam�: Trac� E��n:- � l�icki L�er�o�'� -��at�e1 L�onard 1�ff Q'N�ill 11+�a�rr�� Ol�erg �arah �atf�lisberg�r Jer��if�r S�hr`�eibe�r' ,4n��aa �c�urnann Jirr� Th�res JacoY� Thunar�det � __--- i— [7a�te appro d �ircl�e dep�ar#ment c�de: CirCle ex��r�S� Cot��: 4�19�� 43195�} 431 J9�4 �322C�0 43310C} �443304 �4370C1 �43�� –�-- C)thgr �� i�v co�nciR �dministr�tion Ele�ticrn� Fin�nce H��ar� R��rurc�� Pl�nr�ing �nd Z�oning Da#a P"rc�cessing �ity Hall Economic Devel�pment HRA G�nera9 C}p�r�ti�rg �SW��li�s RUewslett�r Servit�s Mi��ellanec�u� Pr�f Serr�i��s Post��e Travel{Tra�ining Expense Ds�� Merryt��rship & �u�bscrip Licenses and Perrnits hr1iSC- [�Chr�r �11�a�2f15� �� €�er rira�. wn� �.�s�: r�or�r�c�� - �s��i-ii� 01ls]�!�i]"s� ��;54 pM E1fP�RES O41�9i1� ��IIIII�� I�II�I I I� ��c s�:I:RY , : �L137� FRI"(� LA'd Fd+l $6_9c � Saved �1.OQ offi ��_9� �:160a �JEST�� F�J �5,9c. _ _:�� AF �R�F�ETY�ER FN $1�.9�. SLI�T(fiAR, $��,9°; �VO T,q}€ �0 , �f T�9F�l, 37,�i � 7a�1� YISA �GH,�€2GE �� , �; AI[3, ��JOC4Ql70Q31010C�i VI'�A �REUIT � INLICATES SAVi�4;� �o��. �n+�ir,cs r�� r�z� ��.00 r:� ��-s�os-�x�a��-��a-� vcu��o-��- .. ('l�. � � " r��t�ii$t��i�� trlps ar� �Ike. .� 5h�r� #ee�d�ac�c. � � FI�1� make Your rarqet Rur7� better. Ta�ce a� minuta s�r�av abau# #od�v's trip; ��f+�rier` C.�ao �r r�= �c�o�aa �� r�s�r-d: i47 913 �L��NTENO i E�l �SPAN�DL 4��.r�.�� . �:r . ,. .� . ' .._ . EDA Agenda: 3/13/19 5. Consideration of Acceptin� GMEF Pre-Qualification Loan Request from Lake Re�ion RVs in the amount of $109,000 and Authorizing Preparation of Loan Agreement and Related Documents (JT) A. REFERENCE AND BACKGROUND: Lake Region RVs recently inquired about a GMEF Loan to help fill a funding gap for their new building construction project on the south side of Chelsea Road across the street from Camping World. Lake Region RVs' principals will be attending the EDA meeting to present a brief overview of the development project and the current and ultimately desired funding structure. The EDA should consider the Lake Region RVs' presentation and items related to this report as a Pre-Qualification application step. If the EDA encourages submittal of a final application from Lake Region RVs, the standard GMEF Loan documentation packet will need to be completed for further review. Lake Region RVs has operated a dealership at a 4.98-acre +/- site located at 1101 Elm St, Monticello for many years. The current ownership, Nicole Borstad, Dale Borstad and Scott Kunz, took control several years ago. They have an intent to improve and grow the business in Monticello and in so doing have determined that a new more visible and accessible site is essential to execute their business plan. They also own a recreational vehicle dealership located in Ramsey, MN as well. With two operational sites within 25 miles, their goal is to cater to a fairly sophisticated and upscale buyer by focusing on certain products and services at each location through cross-promotion-sales methods. The present number of employees based in Monticello varies by season and falls in a range of 5 to 10. Positions include sales reps, service technicians, administrative staff and a general manager. The jobs goal after the expansion is to double total employment to 20 within five years. Plans that have been presented to the Planning Commission (and approved) indicate that the new site is almost 6-acres with the building having 18,400 sq. ft. of finished space inside a 16,000 sq. ft. footprint. An elevation sketch of the proposed building is attached. Expected costs for the new development project are currently $4,360,000. The funding gap is estimated to be $218,000 which is approximately 5 percent of the total project. Initial discussions in filling the gap have envisioned the use of both the Initiative Foundation (IF) loan program and the GMEF program. If both bodies (the EDA and IF Loan Board) approve of involvement in the project, then the $218,000 would be split 50-50. Both entities would share in a third real estate mortgage lien position. Owner equity is also proposed at 5 percent or $218,000. If the EDA has a favorable view of an application submittal, the next steps would be staff review and underwriting of the loan request at an estimated amount of $109,000 ($218,000 x 50 percent). The goal would be to bring the loan application and request back to the EDA with final documents at the April meeting for consideration. In spite of the loan expected be less than $150,000, it is still considered a business subsidy based on the GMEF Loan Guidelines wherein the projected interest rate would be 4.00 percent (lower than market rate. If the EDA chose to waive its Guidelines and require a market level interest rate [5.69 percent 1 EDA Agenda: 3/13/19 +/-], it would not be considered a business subsidy). It is also noted that a Business Subsidy public hearing is not required for loan amounts less than $150,000. Lake Region would still be required to submit annual reports regarding its job creation results for five years. A project sources and uses has been submitted and is attached to this report. It indicates that the lead lender is the Bank of Elk River with 50 percent of the funding secured by a first real estate mortgage position. The financing is structured to utilize an SBA 5041oan for 40 percent of the project funding. The SBA is secured by a second real estate mortgage. Al. STAFF IMPACT: Community Development Department staff inet with Lake Region RVs to review the proposed project and learn more about the company history and operational goals. The EDA-GMEF Loan program offers a Pre-Qualification step as a preliminary review by the EDA to determine level of interest and program applicability. At this point in time, the level of staff time committed to the file is approximately 10 to 12 hours including EDA staff report preparation and meeting time. If the EDA encourages submittal of a final application, it is estimated that there will be about 25 to 30 hours spent on the file. A2. BUDGET IMPACT: The budgetary impact related to consideration of the EDA-GMEF loan request is to the loan fund itsel£ The fund currently has $950,000 +/- available to loan out. This request is for $109,000 +/- or approximately 11.48 percent of the available dollars in the EDA-GMEF. B. ALTERNATIVE ACTIONS: L Motion to authorize preparation of a GMEF Loan Agreement and Related Documents between the EDA and Lake Region RVs for consideration at the April or May 2019 EDA meeting. 2. Motion to deny authorization of preparation of a GMEF Loan Agreement and Related Documents between the EDA and Lake Region RVs. 3. Motion to table consideration of preparation of a Loan Agreement and Related Documents between the EDA and Lake Region RVs for additional research and/or discussion. C. STAFF RECOMMENDATION: Staff recommends Alternative #1. The proposed project is eligible for a loan under the Business Subsidy and GMEF Guidelines. Lake Region RVs' expansion has secured a lead lender, the Bank of Elk River, as well support from the SBA 504 program as two key capital elements. The ownership group has articulated a plan to grow the business and a desire to serve an upscale client base. The development project has a relatively small funding gap. The Initiative Foundation and the GMEF program have been identified as possible sources to help fill the funding gap. Lake Region RVs has been located in the City of Monticello for a number of years and has made a decision to invest a substantial amount in new facilities at a more visible and accessible location on Chelsea Road. Community benefits from the expansion include 2 EDA Agenda: 3/13/19 new jobs, increased economic activity in the form of spin-off business for local restaurants and convenience stores from the many non-local customers as well as an increase in the tax base. Lake Region RVs may also continue to operate a service-repair facility from the site on Elm Street (north of I-94). The EDA-GMEF program has sufficient dollars to easily consider the $109,000 loan request. If the EDA encourages submittal of a final application, staff will ask for additional supporting documents from the lead lender and the company as appropriate to satisfactorily complete all underwriting. SUPPORTING DATA: A. Lake Region RVs' Expansion Proj ect Description B. Project Sources and Uses C. Building Elevation Rendering D. Email from lead lender E. SecondaryProjectDescription Monticello RV Center OCello and DSN Investments has entered into a purchase agreement to sell DSB ventures 5.98 acres on the eastern portion of outlot D Groveland addition PID # 155125000040, 260,488 square feet. This would be the West border of Affordable Storage. It would be the intention of DSN to develop the site into a second location for Monticello RV Center The goal would be to break ground in early spring of 2019 with a completion date as soon as possible. It would be our intention to build a quality building similar to the buildings in the neighborhood with finishes acceptable to the business district requirements. The present projected building size is 90 X 180 (16,200 square feet) plus a mezzanine of an additional 2200 sq ft. totaling 18,400 sq ft. The lot size that would end up being paved for display would be approximately 5 acres. The will be green space in the back of the lot bordering the residential housing and along the west side of the property for a retaining pond. The building will be roughly 50% showfloor, parts and offices, and 50% clean-up, prep, and repair shop. � Minnesota Business Finance Corporation (MBFC) A U.S. Small Business Administration Certified Development Company Business Name: Lender: Prepared by: Initial Project Date: Project Revision Date: A. Project costs 1. Land Purchase 2. Renovation 3. Acquisition of Land 4. New Construction 5. Site Improvements 6. Furniture, Fixtures & Signage 7. Contingency (in contractor bid) 8. Soft Costs 9. Total Project Cost B.Funding 1. Bank's Portion 2. SBA Net Debenture Amount 3. Borrower's Equity C. SBA Gross Debenture Calculation a. SBA Net Debenture b. Administrative Costs 1. SBA Guarantee Fee 2. Funding Fee 3. MBFC Processing Fee 4. Closing Costs 5. Subtotal of Administrative Costs 6. Underwriters Fee 7. Total c. Gross Debenture d. Balance Due Borrower D. Loan Structure & Repayment: 1. Bank's First Mortgage 2. SBA 504 Second Mortgage Loan 3. Totals 4. Collateral Requirement 5. Jobs Goal SBA 504 Financing Model Fees Pertain only to the SBA 504 Second Mortgage Draft Only For Discussion Monticello RV Carl Gebhardt (763) 274-6873 Joe Kammermeier (320) 258-5015 sum (A.1..A.8) 50.00°k times A.9 40.00°k times A.9 10.00°k times A.9 B.2 C.a. X .0050 C.a. X .0025 C.a. X .0150 covers MBFC's cost of closing subtotal C.b.1 through C.b.4 sum of C.a. and C.b.5 divided by .99600; round the result up to the next highest thousand; then multiply by .004. C.b.5 plus C.b.6 $ 810,000 $ - $ - $ 3,390,000 $ $ 100,000 $ - $ 60,000 $ 4,360,000 $ 2,180,000.00 $ 1,744,000.00 $ 436,000.00 $ 4,360,000 $ 1,744,000 8,720 4,360 26,160 $ 10,000 $ 49,240 7,204 $ 56,444 C.a.+ C.b.7 rounded to next '000 $ 1,801 ,000 C.c. minus (c.a. plus c.b.7) $ 556 Interest Annual Principal Amount Rate' Term Years Monthly Pmt. Pmt. B.1 $ 2,180,000.00 5.69°k 25 $13,635.59 $163,627.06 C.c. $ 1,801,000.00 4.77°k 25 $10,289.58 123,474.95 $ 3,981,000 $23,925.17 $287,102.01 minimum collateral value to achieve 90% loan to value ratio $ One job per $65,000 of SBA Gross Debenture 4,360,000 27.71 Note: Minimum equity injection is 10°�. Extra 5°� may be required for special use property and/or other credit reasons. * Interest rates are estimates. From: Jim Thares To: "Carl Gebhardt" Cc: Anaela Schumann; Jacob Thunander Subject: RE: Monticello RV EDA financing request Date: Wednesday, February 27, 2019 9:29:00 AM Attachments: imaae001.nna imaae002.nna imaae003.nna imaae004.nna imaae005.nna imaae006.ina Morning Carl, thanks for sending sources and uses and clarifying the gap. Will be in touch prior to March 13, 2019. We can schedule a meeting of lenders post the EDA review on 13th. Best to you. From: Carl Gebhardt Sent: Tuesday, February 26, 2019 9:46 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: RE: Monticello RV EDA financing request Jim, A pleasure to be working with you. I've attached the proposed source and use for this project as I understand it today. Final construction costs and plans should be available in about three weeks. understand they are presenting to city council tonight. Based on the total project costs of $4,360,000 a 5% gap loan would be $218,000. I'm working with Joe Kammermeier with MBFC to facilitate the SBA loan. We are waiting on some additional underwriting items but should have a presentation for review in about two weeks. Yes, City and Initiative Foundation in a shared 3rd REM on the property once all complete. Per their real estate purchase agreement they need to close on the land by April 15th. My thought would be to facilitate that closing in a short term "bridge loan" and then modify the notes for construction shortly thereafter once all appraisals are in. Let me know if you have any questions. Once we get closer we should all have a meeting to ensure we are on the same page. Thanks Gebhardt Vice President Commercial Lender http://www.thebankofelkriver.com Click here to send a secure file to me uuu'uu ❑� The information in this email is confidential and may be legally privileged. It is intended solely for the recipient(s) addressed. Access to this email by anyone other than the recipient is unauthorized. If you are not the intended recipient, any disclosure, reproduction, distribution, or any action taken or omitted to be taken in reliance on it is prohibited and may be unlawful. From: Jim Thares [mailto:Jim.Thares(a�ci.monticello.mn.us] Sent: Monday, February 25, 2019 2:53 PM To: Carl Gebhardt Subject: RE: Monticello RV EDA financing request Hi Carl, thanks for touching base. The EDA will require a summary presentation of the project and proposed financing structure at the March 13, 2019 meeting. They can indicate if tthey want to consider a full application submittal at that point. If I am correct that the gap is about $200,000, then the Initiative Foundation and the EDA would be shared 3rd leinholders (if the IF joins in on the project as I think they are open to doing). From: Carl Gebhardt Sent: Monday, February 25, 2019 2:09 PM To: Jim Thares <Jim.Thares(�ci.monticello.mn.us> Cc:'Dan Bullert' Subject: Monticello RV EDA financing request Jim, Scott Kunz with Monticello RV sent me your information. I thought I'd reach out and introduce myself as we will be working together on the financing for the construction of their new building. If there is anything you need for underwriting I have a pretty complete file of financials. We will also be partnering the MBFC as the administrator of the SBA 504 portion. Lots of cooks so good that we all know of each other and work to make this successful for all parties. Thanks Gebhardt Vice President Commercial Lender http://www.thebankofelkriver.com Click here to send a secure file to me 0 The information in this email is confidential and may be legally privileged. It is intended solely for the recipient(s) addressed. Access to this email by anyone other than the recipient is unauthorized. If you are not the intended recipient, any disclosure, reproduction, distribution, or any action taken or omitted to be taken in reliance on it is prohibited and may be unlawful. � � r�;��, I �,,,,r�, . � I � _ � �� ' TT If--�� r �— � . a�� W � H V W a N � W a S �, Z S a ^ ° OU I� � o U _Y � � � O U •� � � z � � a � 0 � w z �� 00 J J J J W W � V V � � M 0 0 � � � � r � EDA: 03/13/19 6. Consideration to adopt Resolution 2019-02 approvin� a Lease A�reement Extension with BIFF'S Garage Purchase at 112 West River Street (JT) A. REFERENCE AND BACKGROUND: This item is to ask the EDA to consider an extension of the Lease Agreement with Biff's Garage, 112 West River Street. The original lease period agreed to in the Property Management and Lease Agreement ends on April 1, 2019. BIFF' S-Union Speed & Style has requested an extension through June 30, 2019. The EDA is able to consider the extension to this date with little consequence since the deadline for Calnedar Year (CY) 2020 property tax exempt filling status is simultaneous to the proposed lease termination. Also, a lease extension to June 30, 2019 will not disrupt the current redevelopment planning efforts and timeline. The proposed lease extension is in a First Amendment to the Property Management and Lease Agreement format. The document is attached to this report. Al. STAFF IMPACT: There is a limited staff impact in considering an Amendment to extend the Lease Period for Biff's Garage to June 30, 2019. The EDA attorney drafted a short amendment. In-house staff discussed the request and prepared the background information staff report for the EDA's benefit. A2. BUDGET IMPACT: The cost of considering the First Amendment to the Property Management and Lease Agreement is mainly the legal fees expense involved in drafting the two-page Amendment document. A rough estimate of the costs is approximately $250 +/-. The 2019 EDA budget has a line item for legal expenses. B. ALTERNATIVE ACTIONS: Motion to approve Resolution 2019-02 approving the First Amendment to the Property Management and Lease Agreement with Biff's Garage, LLC allowing the continued use of the property for an additional 90 days until June 30, 2019. 2. Motion to deny approval of Resolution 2019-02 related to the proposed First Amendment to the Property Management and Lease Agreement with Biff's Garage, LLC at 112 West River Street providing for an additiona190 days of use (to June 30, 2019). Motion to table consideration of the First Amendment to the Property Management and Lease Agreement with Biff's Garage for additional research and/or discussion. C. STAFF RECOMMENDATION: Staff recommends Alternative 1. The proposed extension of the Lease by Biff's will not impact the tax-exempt status of the property for the EDA in 2020 and furthermore it does not interfere with the Block 52 redevelopment planning efforts currently underway. D. SUPPORTING DATA: EDA: 03/13/19 a. Resolution 2019-02 b. First Amendment to Property Management and Lease Agreement c. Property Management and Lease Agreement d. Email request for Lease Extension from USS-Biff's Garage, LLC 2 EDA RESOLUTION NO. 2019-02 RESOLUTION APPROVING FIRST AMENDMENT TO PROPERTY MANAGEMENT AND LEASE AGREEMENT BETWEEN THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY AND BIFF'S GARAGE LLC BE IT RESOLVED BY the Board of Commissioners ("Board") of the City of Monticello Economic Development Authority (the "Authority") as follows: Section 1. Recitals. 1.01. Pursuant to its authority under Minnesota Statutes, Sections 469.090 to 469.1081, the Authority established its Central Monticello Redevelopment Proj ect No. 1(the "Proj ect"), for the purpose of facilitating the redevelopment of certain substandard property within the Project. 1.02. The Authority and Biff's Garage, LLC dba Union Speed & Style (the "Tenant") entered into a Property Management and Lease Agreement, dated as of April 16, 2018 (the "Agreement"), providing the terms and conditions of the continued occupancy and management by the Tenant of certain property located at 112 West River Street (the "Property") following the sale of the Property by the Tenant to the Authority. 1.03. The Agreement provided for a termination date of April 1, 2019, with a possible extension of the term of the Agreement to a date no later than June 30, 2019, subject to mutual agreement to such extended term by the parties. 1.04. The Tenant has requested an extension to the term of the Agreement, and the parties have negotiated and propose to execute a First Amendment to the Agreement (the "First Amendment") in the form presented to the Board, to extend the termination date to June 30, 2019. Section 2. First Amendment A�roved. 2.01. The First Amendment as presented to the Board is hereby in all respects approved, subject to modifications that do not alter the substance of the transaction and that are approved by the President and Executive Director, provided that execution of the First Amendment by such officials shall be conclusive evidence of approval. 2.02. The President and Executive Director are hereby authorized to execute on behalf of the Authority the First Amendment and any documents referenced therein requiring execution by the Authority, and to carry out, on behalf of the Authority, its obligations thereunder. 2.03. Authority staff and consultants are authorized to take any actions necessary to carry out the intent of this resolution. 557689v1 MNI MN325-38 Approved this 13th day of March, 2019, by the Board of Commissioners of the City of Monticello Economic Development Authority. President ATTEST: Secretary 557689v1 MNI MN325-38 FIRST AMENDMENT TO PROPERTY MANAGEMENT AND LEASE AGREEMENT This First Amendment to Property Management and Lease Agreement ("Amendment") is made this day of March, 2019, by and between the City of Monticello Economic Development Authority, a public body corporate and politic and political subdivision of the State of Minnesota ("Landlord") and Biff's Garage LLC dba Union Speed & Style, a Minnesota limited liability company ("Tenant"). WHEREAS, Landlord and Tenant entered into that certain Property Management and Lease Agreement dated as of April 16, 2018 (the "Lease") providing for the rental by Tenant of a commercial building located at: 112 West River Street, Monticello, Minnesota (the "Leased Space"); and WHEREAS, the terms of the Lease include termination of the Lease on April 1, 2019, unless extended as provided in paragraph 20 of said Lease; and WHEREAS, the Tenant has requested and the Landlord has agreed to an extension of the Lease, provided that such extension shall terminate and the Tenant shall vacate the Leased Space no later than June 30, 2019; NOW, THEREFORE, in consideration of the premises and the mutual obligations of the parties hereto, the Landlord and the Tenant hereby agree as follows: Amendment to Paragraph 2 of the Lease. Paragraph 2 of the Lease is amended to read as follows: TERM. The term of this Agreement (the "Term") shall be extended for a period of 90 days, commencing Apri12, 2019 (the "Commencement Date"), and ending midnight on June 30, 2019 (the "Expiration Date"), unless this Agreement shall be earlier terminated as hereinafter provided. 2. Amendment to Paragraph 20 of the Lease. Paragraph 20 of the Lease is amended to read as follows: HOLDING OVER No holding over by Tenant is permitted after the Expiration Date or earlier termination of this Agreement. Tenant shall vacate and surrender the Leased Premises to Landlord on the Expiration Date. 3. Miscellaneous. Except as specifically provided herein, the terms and conditions of the Lease are confirmed and continue in full force and effect. 557243v1 MNI MN325-38 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first written above. LANDLORD: CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY By: Its: President By: Its: Executive Director TENANT: BIFF' S GARAGE LLC By: Its: 557243v1 MNI MN325-38 PROPERTY MANAGEMENT AND LEASE AGREEMENT THIS PROPERTY MANAGEMENT AND LEASE AGREEMENT ("Agreement") is entered into and made as of the ��'day of April, 2018 by and between the CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY, a public body corporate and politic and political subdivision of the State of Minnesota ("Landlord"), and BIFF'S GARAGE LLC dba Union Speed & Style, a Minnesota limited liability company ("Tenant"). The parties mutually agree as follows: 1. LEASED PREMISES. Subject to the terms and conditions of this Agreement, Landlord leases to Tenant and Tenant rents from Landlord, the commercial building located on the property at 112 West River Street, Monticello, MN 55362 (the "Property"), legally described in the attached Exhibit A, hereinafter referred to as the "Leased Premises." 2. TERM. The term of this Agreement (the "Term") shall be for a period of 351 days, commencing April 16, 2018 (the "Commencement Date"), and ending midnight on April 1, 2019 (the 'Bxpiration Date"), unless this Agreement shall be earlier terminated or extended as hereinafter provided. 3. RENT. No rent shall by payable by Tenant to Landlord, provided that Tenant shall pay the amounts described in Paragraph 3(a), all of which are hereinafter collectively referred to as the "Charges," and the obligation of the Tenant to pay said Charges through the Expiration Date or the earlier or extended termination, shall survive the termination of this Agreement. Tenant and Landlord have entered into an Escrow Agreement of even date herewith (the "Escrow Agreement") whereby Tenant deposited the amount of Ten Thousand ($10,000) into escrow (the "Escrow Funds") to secure Tenant's obligations under this Agreement, including the obligation to pay Charges when due. Following termination of this Agreement, absent Tenant default, the Escrow Funds shall be refunded to Tenant pursuant to the terms of this Agreement and the Escrow Agreement. � Char e�s. Except as set forth in this Agreement, and starting on the Commencement Date, Tenant shall be solely responsible for paying the operating costs of the Leased Premises under the terms of this Agreement (as further described in this Agreement) including, but not limited to, Operating Charges described in Paragraph 4(b), Utility Charges described in Paragraph 5(a), Taxes subject to the terms and conditions of Paragraph 6 of this Agreement, Insurance subject to the terms and conditions of Paragraphs 12 and 13 of this Agreement, and any other direct out of pocket costs and expenses of maintenance, repair, replacement and care of the Leased Premises and Property attributable to the activities of Tenant. The parties agree that Tenant shall undertake the maintenance, operations, and repair of the Property during the Term and shall pay directly, when possible, all costs and fees incurred with respect to such maintenance, operation, and repair. �b,� Service Char�e. Tenant's failure to make any monetary payment required of Tenant hereunder within twenty-one (21) days of the due date therefor shall result in.the imposition of a service charge for such late payrnent in the amount of Seventy-five and No/100 1 519467v3 MNI MN325-38 Dollars ($75.00). In addition, any sum not paid within thirty (30) days of the due date therefor shall bear interest at a rate equal to the lesser of ten percent (10%) or the maximum amount permitted by law from the date due until paid. 4. OPERATING CHARGES. (a) Tenant shall pay to Landlord, as a portion of the Charges, Operating Charges as hereinafter defined. Within ten (10) days after the first day of each month during the Term of of this Agreement, Landlord shall notify Tenant of the actual Operating Charges incurred during the immediately preceding month, and shall provide Tenant a statement thereof in reasonable detail. Within twenty-one (21) days after such notice, Tenant shall pay to Landlord the actual amount of the Operating Charges as shown on such statement. Tenant's obligation to pay Operating Charges through the Termination Date shall survive the termination of this Agreement. Operating Charges are actual and direct out of pocket expenses incurred by Landlord as described in Paragraph 4(b). (b) "Operating Charges" as used herein shall mean all direct sums expended or obligations incurred by Landlord and not already handled and paid for by Tenant directly with respect to the Property, whether or not now foreseen, determined on an accrual basis (including reasonably foreseeable expenditures not occurring annually), including, but not limited to, the actual costs of third party contractors and/or other third party entities providing services; inspection fees; and legal fees incurred in enforcement of the maintenance and operation of the Property; materials and supplies, which materials and supplies were used in or charges were incurred in maintenance and operation of the Property; repairs, maintenance and operation include, but are not limited to, parking lot lighting, replacements respecting the Leased Premises and the Property, including costs of inaterials, supplies, tools and equipment used in connection therewith, which are necessary as a result of Tenant's use, costs incurred in connection with the operation, maintenance, repair, replacing, inspection and servicing (including maintenance contracts, if any) of inechanical equipment and the cost of materials, supplies, tools and equipment used in connection therewith, all other expenses and costs of every kind and nature necessary or desirable to be incurred for the purpose of operating and maintaining of the Property and Leased Premises, which Tenant is obligated to pay under the terms of this Agreement, due to the failure of Tenant to pay such costs when due. Operating Charges expressly excludes any premiums paid by Landlord for premises liability or property insurance coverage. 5. UTILITIES AND SERVICES. (a) Utilitv Charges. Tenant shall be solely and exclusively responsible for the actual cost of the following utilities and any other building services necessary for the Property and Leased Premises as may be required by law or directed by governmental authority ("Utility Charges") which shall be paid by Tenant directly to the applicable service provider: i. Cost of all heating, ventilation and air conditioning of the Leased Premises including electrical and gas; ii. Cost of all electricity for lighting and operating business machines and other equipment in the Leased Premises; iii. Cost of all gas; 2 519467v3 MNI MN325-38 iv. Cost of all water and sewer; v. Cost of FiberNet Monticello utility services; vi. Cost of security system, if applicable; vii. Costs of refuse and recycling services; viii. Cost of all replacement of all lamps, bulbs, starters and ballasts used in the Leased Premises; (b) Additional Services. If Tenant requests any other utilities or building services in addition to those identified above the cost thereof shall be borne by Tenant, who shall pay such costs of services directly to the applicable service provider. (c) Interruption of Services. Tenant understands, acknowledges and agrees that any one or more of the utilities or other building services identified above may be interrupted by reason of accident, emergency or other causes beyond Landlord's control, or may be discontinued or diminished temporarily by Landlord or other persons until certain repairs, alterations or improvements can be made; that Landlord does not represent or warrant the uninterrupted availability of such utilities or building services; and that any such interruption shall not be deemed an eviction or disturbance of Tenant's right to possession, occupancy and use of the Leased Premises or any part thereof, or render Landlord liable to Tenant in damages by abatement of rent or otherwise, or relieve Tenant from the obligation to perform its covenants under this Agreement. 6. TAXES. Charges payable by Tenant include Taxes. "Taxes" shall mean all real estate taxes levied or assessed upon or with respect to the land or improvements comprising the Property, including the Leased Premises, in 2018 and 2019 for collection in 2019 and 2020, prorated to the Expiration Date of this Agreement; provided that if Tenant fails to vacate the Leased Premises by the Expiration Date of this Agreement and the parties have not negotiated any agreement for continued occupancy by Tenant past the Expiration Date, Tenant shall be solely liable for payment of the Tuxes. 7. LEASEHOLD IMPROVEMENTS. Tenant shall not be authorized to make any leasehold improvements to the Leased Premises ("Tenant Improvements") during the Term of this Agreement. 8. USE OF THE LEASED PREMISES �a,� S�ecific Use /"As is" Basis. The Leased Premises shall be occupied and used exclusively for Tenant's business activities and related services incidental thereto, and shall not be used for any other purpose, without written permission of the Landlord. Tenant hereby accepts the Leased Premises on an "as is" basis without any representations or warranties by Landlord as to its fitness for Tenant's business or use or for any other particular purpose except as expressly set forth herein. � Covenants Re ag rdin�Use. In connection with its use of the Leased Premises, Tenant agrees to do the following: (i) Tenant shall use the Leased Premises and conduct its business thereon in a safe, 3 519467v3 MNI MN325-38 careful, reputable and lawful manner; shall keep and maintain the Leased Premises in as good a condition as they were when Tenant first took possession thereof, ordinary wear and tear excepted, and subject to Paragraph ll(c), shall make all necessary repairs to the Leased Premises other than those which Landlord is obligated to make as provided elsewhere herein. (ii) Tenant shall not commit, nor allow to be committed, in, on or about the Leased Premises any act of waste, or use or permit to be used on the Leased Premises any hazardous substance, equipment or other thing which might cause injury to person or property or increase the danger of fire or other casualty in, on or about the Leased Premises; permit any objectionable or offensive noise or odors to be emitted from the Leased Premises; or do anything, or permit anything to be done, which would, in Landlord's opinion, disturb or tend to disturb the owners or tenants of any adjacent buildings. (iii) Tenant shall not use the Leased Premises, nor allow the Leased Premises to be used, for any purpose or in any manner which would invalidate any policy of insurance now or hereafter carried on the Leased Premises or directly increase the rate of premiums payable on any such insurance policy by ten (10) percent or more. Should Tenant fail to comply with this covenant, Landlord may, at its option, require Tenant to stop engaging in such activity or to reimburse Landlord for any increase in premiums charged during the term of this Agreement on the insurance carried by Landlord on the Leased Premises and attributable to the use being made of the Leased Premises by Tenant. � Compliance with Laws. Tenant shall not use or permit the use of any part of the Leased Premises for any purpose prohibited by law. 9. ASSIGNMENT AND SUBLETTING. Tenant may not assign or otherwise transfer its interest in this Agreement or sublet the Leased Premises or any part thereof without Landlord's written consent, at Landlord's sole discretion. Landlord consent to an assignment or transfer to a business entity or person affiliated with Tenant by common ownership of any one or more of the Tenant's owners or officers or related to Tenant shall not be unreasonably withheld. Any sublease of the Leased Premises must be consistent with Tenant's use of the Leased Premises. 10. SIGNS. Tenant shall not inscribe, paint, affix or display any signs, advertisements or notices on the Leased Premises or in the Leased Premises and visible from outside the Leased Premises, except for such signage, advertisements or notices as Landlard at Landlord's discretion specifically permits by written consent. Tenant's current signage on the Property at commencement of this Agreement is expressly authorized. All signs shall comply with all ordinances, rules and regulations of the Landlord. 11. REPAIRS, MAINTENANCE, ALTERATIONS, IMPROVEMENTS AND FIXTURES. (a) Tenant shall maintain the exterior walls (including glass), roof and foundation of the Leased Premises. 4 519467v3 MNI MN325-38 (b) Subject to Paragraph 11(c) hereof, Tenant shall, at its expense, make any necessary repairs to the Leased Premises and every part thereof, ordinary wear and tear excepted, including the heating, air conditioning, electrical and plumbing equipment and facilities servicing the Leased Premises and, such other repairs which may be required by reason of acts or negligence of Tenant, its agents, employees, customers or invitees, or the particular nature of Tenant's use of the Property. Tenant shall be responsible far repairing any damage to the Leased Premises caused by the installation or moving of Tenant's furniture, equipment and personal property. (c) If a repair deemed necessary to the continued occupancy of the Leased Premises is estimated to exceed $1,000, the Tenant is not obligated to make such repair, and shall not be liable for the cost of such repair, on the condition that Tenant notifies the Landlord in writing that Tenant declines to make such repair and vacates the Leased Premises as soon as practicable after such notice, but no later than 30 days after giving such notice. (d) Subject to Paragraph 11(c), Tenant shall not defer any repairs or replacements to the Leased Premises by reason of the anticipated expiration of the Term. If Tenant fails, after thirty (30) days' written notice, to perform the maintenance and repair as required herein the Landlord, at Landlord's option, may elect to perform all or part of the maintenance, repairs and servicing which is the obligation of the Tenant hereunder with respect to the Leased Premises, in which event the costs thereof shall be at Landlord's option either billed directly to and paid by Tenant or included in Operating Charges. (e) Except as otherwise provided herein, in the event that, at the request of Tenant, Landlord, at its option, performs any maintenance, repairs or servicing of the Leased Premises which is the obligation of Tenant hereunder, then Tenant shall pay Landlord directly therefor as Operating Charges. In the event there is any warranty in effect in connection with repairs ar replacements made by Tenant and if Landlord is unwilling to pursue the warranty claim, then Tenant shall have the right to pursue the warranty claiin in connection with the repair and/or replacement made by Tenant. (� Tenant shall be responsible for the maintenance and repair and good working order and condition of the walks, driveways, parking lots and landscaped areas adjacent to the Leased Premises including mowing and the removal of snow and all costs associated therewith. (g) Upon the Expiration Date or earlier or extended termination of this Agreement, Tenant shall surrender the Leased Premises to Landlord broom clean and in good condition and repair, normal wear and tear excepted. The parties shall meet to create a checklist of the condition of the Property to be approved by signature of both parties within three (3) business days of the Commencement Date, which will be recognized and referenced as the starting condition for purposes of the release of Tenant's Escrow Funds. (h) Tenant shall, at Tenant's expense, promptly repair all dasnage caused by the Tenant to the Leased Premises and replace or repair all damaged or broken fixtures and appurtenances with materials equal in quality and class to the original materials, under the supervision and subject to the approval of Landlord, and within any reasonable period of time specified by Landlord. If Tenant fails to do so, Landlord may, but need not make such repairs and 5 519467v3 MNl MN325-38 replacements, and Tenant shall pay Landlord the cost thereof, including Landlord's Costs, forthwith upon being billed for same. As used in this Agreement, the term "Landlord's Costs" shall mean five percent (5%) of any costs or expenses paid by Landlord, in order to reimburse Landlord for all overhead, general conditions, fees and other costs and expenses arising from Landlord's actions or involvement. (i) Trade fixtures installed on the Leased Premises by Tenant, a list of which is attached as Exhibit B(the "Trade Fixtures") shall be removed on the Expiration Date or upon earlier termination of this Agreement. Tenant agrees that Tenant will bear the cost of such removal, and further that Tenant will repair at its own expense any and all damage to the Leased Premises resulting from the original installation of and subsequent removal of such Trade Fixtures. If Tenant fails so to remove any and all such Trade Fixtures from the Leased Premises on the Expiration Date or upon earlier termination of this Agreement, Landlord may have same removed and the Leased Premises repaired to their prior condition, all at Tenant's expense. (j) Landlord reserves the right to make, at any time or times, at its own expense, repairs, alterations, additions and improvements, structural or otherwise, in or to the Leased Premises, and to perform any acts related to the safety, protection or preservation thereof, and during such operations to take into and through the Leased Premises all material and equipment required and to close or temporarily suspend operation of entrances, doors, corridors, or other facilities, provided that Landlord shall cause as little inconvenience or annoyance to Tenant as is reasonably necessary in the circumstances. Landlord may do any such work during ordinary business hours and Tenant shall pay Landlord the difference of any additional out-of-pocket charges incurred by Landlord as a result of conducting such work during other hours as requested by Tenant. 12. FIRE OR OTHER CASUALTY; CASUALTY INSURANCE � Substantial Destruction of the Leased Premises. If the Leased Premises should be substantially destroyed (which, as used herein, means destruction or damage to at least sixty percent (60%) of the Leased Premises) by fire or other casualty, the Landlord will terminate this Agreement by giving written notice thereof to the Tenant within thirty (30) days of such casualty. In such event, the Charges shall be apportioned to and shall cease as of the date of such casualty. (b) Property and Casualty Insurance. Without limiting Tenant's liability under this Agreement, Landlord shall procure and maintain a policy or policies of property and public liability insurance with minimum coverage amounts of at least $500.00 per occurrence, insuring against injury or death to persons and " all risk" hazard insurance for loss or damage to the Leased Premises; provided, however, that Landlord shall not be responsible far, and shall not be obligated to insure against, any loss or damage to personal property (including, but not limited to, any furniture, machinery, equipment, goods or supplies) of Tenant or which Tenant may have on the Leased Premises or any Trade Fixtures or any additional improvements which Tenant may construct on the Leased Premises. If Tenant's operation or any alterations or improvements made by Tenant pursuant to the provisions of this Agreement directly result in an increase in the premiums charged of ten (10) percent or more during the Term on the casualty insurance carried by Landlord on the Leased Premises, then the cost of such increase in insurance premiums shall be borne by Tenant as an Operating Charge. 6 519467v3 MNl MN325-38 Tenant shall, at its expense during the term of this Agreement, keep in full force and effect a policy or policies of rental insurance with an insurance company licensed to do business in the State of Minnesota, covering its personal property, furniture, machinery, equipinent, supplies, stored goods, Trade Fixtures or any additional improvements which Tenant may construct on the Leased Premises which coverage shall be no less than eighty percent (80%) of replacement value. Tenant shall furnish Landlord with a certificate evidencing that such coverages are in full force and effect. � Waiver of Subro ag tion• Landlord and Tenant hereby release each other and each other's employees, agents, customers and invitees from any and all liability for any loss, damage or injury to property occurring in, on or about or to the Leased Premises, improvements to the Leased Premises or personal property within the Leased Premises, by reason of fire or other casualty which are covered by applicable standard fire and extended coverage insurance policies. Because the provisions of this paragraph will preclude the assignment of any claim mentioned herein by way of subrogation or otherwise to an insurance company or any other person, each party to this Agreement shall give to each insurance company which has issued to it one or more policies of fire and extended coverage insurance notice of the terms of the mutual releases contained in this paragraph, and have such insurance policies properly endorsed, if necessary, to prevent the invalidation of insurance coverages by reason of the mutual releases contained in this paragaph. 13. GENERAL PUBLIC LIABILITY, INDEMNIFICATION AND INSURANCE (a) All insurance, liability and indemnification certificates are subject to review and approval by the Landlord. (b) Except for the negligence or intentional misconduct of Landlord, Landlord's agents, servants or employees, Tenant shall insure against, and shall indemnify Landlord and hold it harmless from, any and all liability for any loss, damage or injury to person or property, arising out of use, occupancy or operations of Tenant and occurring in, on or about the Leased Premises, and Tenant hereby releases Landlord from any and all liability for the same. Tenant's obligation to indemnify Landlord hereunder shall include the duty to defend against any claims asserted by reason of such loss, damage or injury and to pay any judgments, settlements, costs, fees and expenses, including attorney's fees, incurred in coruiection therewith. (c) Tenant shall at all times during the Term carry, at its own expense, for the protection of Tenant and Landlord, as their interests may appear, one or more policies of commercial general liability and renter's insurance, issued by one or more insurance companies licensed to do business in the State of Minnesota and acceptable to Landlord, covering Tenant's use, occupancy and operations. Such insurance policy or policies shall name Landlord, its agents and employees, as additional insureds and shall provide that they may not be canceled or materially changed on less than thirty (30) days prior written notice to Landlord. Tenant shall furnish Landlord with certificates of insurance evidencing such insurance upon request. Should Tenant fail to carry such insurance and furnish Landlord with copies of all such policies after a request to do so, Landlord shall have the right to obtain such insurance and collect the cost thereof from Tenant as an Operating Charge. 7 519467v3 MM MN325-38 (d) Landlord and its partners, shareholders, affiliates, officers, agents, servants and employees shall not be liable for any damage to person, property or business or resulting from the loss of use thereof sustained by Tenant or by any other persons due to the Leased Premises or any part thereof or any appurtenances thereof becoming out of repair, or due to the happening of any accident or, event in or about the Leased Premises, or due to any act or neglect of any tenant or occupant of the Leased Premises or of any other person. This provision shall apply particularly, but not exclusively, to damage caused by gas, electricity, snow, ice, frost, steam, sewage, sewer gas or odors, fire, water or by the bursting or leaking of pipes, faucets, sprinklers, plumbing fixtures and windows and shall apply without distinction as to the person whose act or neglect was responsible for the damage and whether the damage was due to any of the causes specifically enumerated above or to some other cause. Tenant agrees that all personal property located in the Leased Premises shall be at the risk of Tenant only, and that Landlord shall not be liable for any loss or damage thereto or theft thereof. 14. LIENS. Tenant shall not cause or a11ow any mechanic's lien or other lien to be filed against the Leased Premises or against other property of Landlord (whether or not such lien is valid or enforceable as such). In the event any mechanic's lien shall at any time be filed against the Leased Premises by reason of work, labor, services or materials performed or furnished to Tenant or to anyone holding the Leased Premises through or under Tenant, Tenant shall forthwith cause the same to be discharged of recard. If Tenant shall fail to cause such lien forthwith to be discharged within five (5) days after being notified of the filing thereof, then, in addition to any other right or remedy of Landlord, Landlord may, but shall not be obligated to, discharge the same by paying the amount claimed to be due, or by bonding, and the amount so paid by Landlord and all costs and expenses, including reasonable attorneys' fees incurred by Landlord in procuring the discharge of such lien, shall be due and payable in full by Tenant to Landlord on demand. 15. RENTAL, PERSONAL PROPERTY AND OTHER TAXES. Tenant shall pay before delinquency any and all sales, goss income, rental, business occupation or other taxes, levied or imposed upon Tenant's business operation in the Leased Premises and any personal property or similar taxes levied or imposed upon Tenant's Trade Fixtures, leasehold improvements or personal property located within the Leased Preinises. In the event any such taxes are charged to the account of, or are levied or imposed upon the property of Landlord, Tenant shall reimburse Landlord for the same. 16. DEFAULTS AND REMEDIES (a) Default by Tenant. The occurrence of any one or more of the following events shall be an event of default ("Event of Default") and breach of this Agreement by Tenant: (i) Tenant shall fail to pay any monthly installment of Charges set forth in this Agreement within twenty-one (21) days after the same shall be due and payable. (ii) Tenant shall fail to perfonn or observe any term, condition, covenant or obligation required to be performed or observed by it under this Agreement for a period of thirty (30) days after notice thereof from Landlord; provided, however, that if the tenn, condition, covenant or obligation to be performed by Tenant is of such nature that the same cannot reasonably be performed within such thirty- 519467v3 MNI MN325-38 day period, such default shall be deemed to have been cured if Tenant commences such performance within said thirty-day period and thereafter diligently undertakes to complete the same, but in any event completes cure within ninety (90) days after notices from Landlord. (iii) Tenant shall vacate or abandon or fail to occupy for a period of thirty (30) days, the Leased Premises or any substantial portion thereof; (iv) Tenant causes or permits a hazardous condition to exist on the Leased Premises and fails to cure such condition immediately after notice thereof from Landlord. (b) Remedies of Landlord. Upon the occurrence of any Event of Default set forth in this Agreement, Landlord shall have the following rights and remedies, in addition to those allowed by law, any one or more of which may be exercised without further notice to or demand upon Tenant: (i) Landlord may re-enter the Leased Premises and cure any Event of Default of Tenant, in which event Tenant shall reimburse Landlord for any costs and expenses which Landlord may incur to cure such Event of Default; and Landlord shall not be liable to Tenant for any loss or damage which Tenant may sustain by reason of Landlord's aciion, regardless of whether caused by Landlord's negligence or otherwise. (ii) Landlord may terminate this Agreement as of the date of such Event of Default, in which event: (A) Neither Tenant nor any person claiming under or through Tenant shall thereafter be entitled to possession of the Leased Premises, and Tenant shall immediately thereafter surrender the Leased Premises to Landlord; (B) Landlord may, in accordance with law, re-enter the Leased Premises and dispossess Tenant or any other occupants of the Leased Premises by summary proceedings, ejectment or otherwise, and may remove their effects, without prejudice to any other remedy which Landlord may have for possession or arrearages in rent; (C) Notwithstanding the termination of this Agreement, Tenant shall be responsible for payment of all of Landlord's cost and expenses for any repairs required for Tenant's failure to maintain the Leased Premises pursuant to the terms and conditions of Paragraph 11. The liabilities and remedies specified herein shall survive the termination of this Agreement. (iii) Landlord may sue for injunctive relief or to recover damages for any loss resulting from the breach. (iv) Tenant is responsible for any Charges that have been forgone by the Landlord including, but liinited to, prorated property taxes in the year of default. 9 519467v3 MNI MN325-38 Any such right of termination of Landlord contained herein shall continue during the Term of this Agreement. � Default by Landlord and Remedies of Tenant. Landlord shall not be deemed to be in default under this Agreement until Tenant has given Landlord written notice specifying the nature of the Event of Default and Landlord does not cure such Event of Default within thirty (30) days after receipt of such notice or within such reasonable time thereafter as may be necessary to cure such Event of Default where such default is of such a character as to reasonably require more than thirty (30) days to cure. Landlord failure to cure an Event of Default under this Agreement shall entitle Tenant to terminate the Agreement immediately, and pursue claims for any dainages caused Tenant by Landlord's default hereunder, in addition to such other rights and remedies as may exist under applicable law. � Waiver of Covenants. Failure of Landlord to insist, in any one or more instances, upon strict performance of any ter�n, covenant, condition, or option of this Agreement, or to exercise any option herein contained, shall not be construed as a waiver, or a relinquishment for the future, of such term, covenant, condition, or option, but the same shall continue and remain in full force and effect. The receipt by Landlord of Charges with knowledge of breach in any of the terms, covenants, conditions, or options, of any of this Agreement to be kept or performed by Tenant shall not be deemed a waiver of such breach, and Landlord, shall not be deemed to have waived any provision of this Ageement unless expressed in writing and signed by Landlord. (e) Attorne.�ees. If Tenant defaults in the performance or observance of any of the terms, conditions, covenants or obligations contained in this Agreement and Landlord placed the enforcement of all or any part of this Agreement, the collection of any Charges due or to become due or the recovery of possession of the Leased Premises in the hands of an attorney, or if Landlord incurs any fees or out-of-pocket costs in any litigation, negotiation or transaction in which Tenant causes Landlord (without Landlord's fault) to be involved or concerned, Tenant agrees to reimburse Landlord for the attorney's fees and costs incurred thereby, whether or not suit is actually filed. 17. ACCESS TO THE LEASED PREMISES. Landlord, its employees and agents of the Leased Preinises shall have the right after reasonable notice and during regular business hours unless another entry time has been approved by Tenant to enter any part of the Leased Premises for the purposes of exainining or inspecting the same and for making such repairs or alterations to the Leased Premises as Landlord may deem necessary or desirable. If representatives of Tenant shall not be present to open and permit such entry into the Leased Premises at any time when such entry is necessary or permitted hereunder, so long as notice has been given, Landlord and its employees and agents may enter the Leased Premises by means of a master key or otherwise. Landlord shall incur no liability to Tenant for such entry, nor shall such entry constitute an eviction of Tenant or a termination of this Agreement, nor entitle Tenant to any abatement of payments due and payable under this Agreement. 18. TERMINATION. (a) Landlord Termination. Landlord may only terminate this Agreement by reason 10 519467v3 MNl MN325-38 of Tenant default as authorized under the provisions of this Agreement. (b) Tenant Termination. In addition to any other provisions for termination under this Agreement, Tenant may terminate this Agreement upon thirty (30) days' written notice. 19. SURRENDER OF LEASED PREMISES. Upon the Expiration Date or earlier termination of this Agreement, Tenant shall surrender the Leased Premises to Landlord (the "Vacation"), together with all keys, access cards, alterations, improvements, and other property as provided elsewhere herein, in broom-clean condition and in good order, condition and repair, except for ordinary wear and tear and damage which Tenant is not obligated to repair, failing which Landlord may restore the Leased Premises to such condition at Tenant's expense, which shall be payable from the Escrowed Funds. Within Twenty-One (21) days of the Vacation, Landlord shall either cause release of Tenant's Escrow Funds in full or provide Tenant with a Notification pursuant to the Escrow Agreement. If Landlord does not release Tenant's Escrow Funds in full, Tenant shall be allowed a reasonable opportunity, but no more than thirty (30) days, to cure any claimed defaults. Upon such Vacation, Tenant's trade fixtures, furniture and equipment shall remain Tenant's property, and if Tenant shall not then be in default under this Agreement, Tenant shall have the right to remove the same prior to the expiration or earlier termination of this Agreement. Tenant shall promptly repair any damage caused by any such removal, and shall restore the Leased Premises to the condition existing prior to the installation of the items so removed. Any of Tenant's trade fixtures, furniture or equipment not so removed shall be considered abandoned and may be retained by Landlord or be destroyed. 20. HOLDING OVER. No holding over by Tenant is permitted after the Expiration Date or earlier termination of this Agreement, unless the parties negotiate and execute a month-to-month lease mutually acceptable to Landlord and Tenant no later than 30 days prior to the Expiration Date. If Tenant remains in possession of the Leased Premises without the consent of Landlord after the Expiration Date or earlier termination of this Agreement, Tenant shall be deemed to hold the Leased Premises as a tenant from month to month, terminable on thirty (30) days' notice given by one party to the other and subject to all of the terms, conditions, covenants and provisions of this Agreement (which shall be applicable during the holdover period), except that if such holdover period by Tenant extends beyond June 30, 2019, Tenant shall pay to Landlord all property taxes assessed against the Property for collection in 2019 as described in Paragraph 6, and any out-of- pocket charges or expenses incurred by Landlord, which shall be payable to Landlord pursuant to this Ageement. In addition, unless such holdover period has been approved by Landlord, Tenant shall be liable to Landlord for all damages occasioned by such holding over. Tenant shall vacate and surrender the Leased Premises to Landlord upon Tenant's receipt of notice from Landlord to vacate, pursuant to this Agreement. No holding over by Tenant shall operate to extend this Agreement except as otherwise expressly provided herein. 21. QUIET ENJOYMENT. Except as may be provided in this Agreement to the extent that it may be applicable, if and so long as Tenant performs or observes all of the terms, conditions, covenants and obligations of this Ageement required to be performed or observed by it hereunder, Tenant shall at all times during the term hereof have the peaceable and quiet enjoyment, possession, occupancy and use of the Leased Premises without any interference from Landlord or any person or persons claiming the Leased Premises by, through or under Landlord, subject to any mortgages, underlying leases or other matters of record to which this 11 519467v3 MNl MN325-38 Agreement is or may becoine subject. 22. NOTICE AND PLACE OF PAYMENT (a) All payments required to be made by Tenant to Landlord shall be delivered or inailed to Tenant at the address set forth in Paragraph 22(b) hereof or at any other address within the United States as Tenant may specify from time to time by written notice given to Landlord. (b) Any notice, demand or request required or permitted to be given under this Agreement or by law shall be deemed to have been given if reduced to writing and mailed by Registered or Certified inail, postage prepaid, to the party who is to receive such notice, demand or request at the address set forth below or at such other address as Landlord or Tenant may specify from time to time by written notice. When delivering such notice, demand or request shall be deemed to have been given as of the date it was so delivered or mailed. Landlord: City of Monticello Economic Development Authority 505 Walnut Street Monticello, MN 55362 Attention: Executive Director Tenant: Biff's Garage LLC dba Union Speed & Style 112 West River Street Monticello, MN 55362 Attn: Jordan Dickinson and Jesse Dickinson 23. MISCELLANEOUS GENERAL PROVISIONS � Memorandum of Agreement. If requested by either party, a Memorandum of Agreement, containing the information required by law concerning this Agreement shall be recorded in Wright County, Minnesota. � Applicable Law. This Agreement and all matters pertinent thereto shall be construed and enforced in accordance with the laws of the State of Minnesota. � Entire A�reement. This Agreement, including all Exhibits and Addenda, constitutes the entire agreement between the parties hereto and may not be modified except by an instrument in writing executed by the parties hereto. � Bindin Effect. This Agreement and the respective rights and obligations of the parties hereto shall inure to the benefit of and be binding upon the successors and assigns of the parties hereto as well as the parties themselves; provided, however, that Landlord, its successors and assigns shall be obligated to perform Landlord's covenants under this Agreement only during and in respect of their successive periods as Landlord during the term of this Agreement. � Severabilitv. If any provision of this Agreement shall be held to be invalid, void 12 519467v3 MNI MN325-38 or unenforceable, the remaining provisions hereof shall not be effected or impaired, and such remaining provisions shall remain in full force and effect. �f No Partnership. Landlord shall not, by virtue of the execution of this Agreement or the leasing of the Leased Premises to Tenant, become or be deemed a partner of Tenant in the conduct of Tenant's business on the Leased Premises or otherwise. � Limitation of Landlord's Personal Liabilitv. Tenant specifically agrees to look solely to Landlord's interest in the Leased Premises for the recovery of any judginent against Landlord, it being agreed that Landlord sha11 never be personally liable for any such judgment. �h,� Time of Essence. Time is of the essence of this Agreement and each of its provisions. 13 S 19467v3 MNI MN325-38 IN WITNESS WHEREOF, the parties hereto have executed this Ageement as of the day and year first written above. LANDLORD: CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY '� Byi Its: P esiden Director TENANT: BIFF' S GARAGE LLC (1= '�-� =,��.. F=- _ .$,�:__ -�� ^�-�_ Its: r��e:w�=r 14 519467v3 MNI MN325-38 EXHIBIT A PROPERTY Those parts of Lots 13, 5 and 6, Block 52, Monticello, according to the recorded plat thereof, Wright County, Minnesota described as follows: Beginning at the most easterly corner of said Lot 13; thence on an assumed bearing of South 25 degrees 16 minutes 44 seconds West along the southeasterly line of said Lot 13, a distance of 165.36 feet to the most southerly corner of said Lot 13; thence North 64 degrees 58 minutes 26 seconds West along the southwesterly line of said Lot 13, a distance of 3.06 feet to a outside building line; thence South 24 degrees 18 minutes 51 seconds West along said outside building line, a distance of 0.27 feet to a building corner; thence North 65 degrees 40 minutes 10 seconds West along said outside building line, a distance of 44.00 %et to a building corner; thence North 24 degrees 18 minutes 51 seconds East along said outside building line, a distance of 78.00 feet to a building corner; thence South 65 degrees 41 minutes 09 seconds East along said outside building line, a distance of 333 feet to the northwesterly line of the Southeasterly 45.00 feet of said Lot 13; thence North 25 degrees 59 minutes 31 seconds East along said northwesterly line, a distance of 3.1 lfeet to the southwesterly line of the Northeasterly 85.00 feet of said Lot 13; thence South 65 degrees East along said southwesterly line, a distance of 30.00 feet to the northwesterly line of the Southeasterly 15.00 feet of said Lot 13; thence North 25 degrees 16 minutes 44 seconds East along said northwesterly line, a distance of 85.00 feet to the northeasterly line of said Lot 13; thence South 65 degrees East along said northeasterly line, a distance of 15.00 feet to the point of beginning. A-1 519467v3 MNI MN325-38 EXHIBIT B TRADE FIXTURES 1. Air compressor and lines 2. Air hose reels 3. Bridgeport Mill 4. Clausing Lathe 5. Press Brake 6. Grob Band saw 7. Mill and lathe tool storage cabinet 8. Drill presses 9. Storage racks/racking 10. Upholstery sewing table 11. Storage cabinets 12. Non hardwired hanging lights. 13. Vintage ceramic lights in office 14. Grid racking on walls 15. Decorative wood on SE wall 16. All vintage hanging tin signs B-1 519467v3 MNI MN325-38 From: Jim Thares To: Inaram. Martha N. lMInaramCa�Kennedv-Graven.coml; Anaela Schumann Subject: FW: Lease Extension Date: Tuesday, February 19, 2019 11:41:00 AM FYI — Union Speed and Style Building in Block 52. From: Jordan Dickinson <unionspeedandstyle@gmail.com> Sent: Wednesday, February 13, 2019 3:01 PM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: Re: Lease Extension Hello Jim, Due to construction setbacks, we would like to request to extend the lease at the 112 West River street location to June 30th 2019. We are at the mercy of a few contractors finishing up projects and we cannot move anything in until we have all of the permits closed out and our certificate of occupancy in hand. Things are moving along at a steady pace, but we believe we will be pushing past our originally anticipated completion date. If you can reveiw this with the board and let us know what can be done, that would be appreciated. We appreciate the cities patience with us in this matter as we work through getting into our new space. Thank you, -Jordan Jordan Dickinson Union Speed and Style P.O. Box 524 112 West river street Monticello, MN 55362 Shop line: 1.800.692.4520 Cell: 763.229.2019 www.unionspeedandstyle.com Instagram: @Pineapple_Jay On Wed, Feb 13, 2019 at 9:52 AM Jim Thares <Jim.Thares(�ci.monticello.mn.us> wrote: Hi Jordan, hope you and doing well. I am just touching base on your recent inquiry regarding a potential extension of the lease agreement. The March 13th, 2019 EDA meeting is the latest the lease extension could be considered to keep everything kosher with the lease (current expiration of April 1, 2019). If you are still thinking about this, please send me a short letter or an email describing why you want to extend and the desired number of days. Please note the lease would not be able to be extended beyond June 30, 2019. That is the date the County makes determinations regarding property tax exemptions for 2020. Best to you. EDA Agenda - 03/13/19 7. Consideration to appoint one representative to the 2040 Monticello Communitv Vision & Comprehensive Plan Proposal Review Sub-Committee (AS) On February l lth, 2019, the City Council authorized the release of the 2040 Monticello Community Vision & Comprehensive Plan RFP. A sub-committee will be established to assist in recommending a final consulting firm for the proj ect. The EDA is therefore asked to appoint a representative to the Monticello Community Vision & Comprehensive Plan Proposal Review Sub-Committee. The sub-committee will meet approximately 2-3 times during the month of April to review the submitted proposals and recommend a final group of proposing consultants to be interviewed by the Planning Commission and City Council. The Comprehensive Plan reflects the community's vision and articulates the goals for how Monticello will take shape during this period. Other bodies proposed for representation on the sub-committee include the City Council, Planning Commission, IEDC and Parks & Recreation Commission. Meeting dates and an information packet will be provided to the representative once the Council establishes the group. A separate Technical Advisory Committee will be appointed to steer the full Visioning & Comprehensive Plan process once a consultant is selected. B. ALTERNATIVE ACTIONS: Motion to nominate Commissioner as the EDA representative to 2040 Monticello Community Vision & Comprehensive Plan Proposal Review Sub- Committee, pending Council approval of a sub-committee. 2. Motion of other. C. STAFF RECOMMENDATION: Staff defers to the EDA on matters of appointment. D. SUPPORTING DATA: Comprehensive Plan RFP MONTICELLO 2040 Request for Proposal to Prepare a Community Vision & Comprehensive Plan Proposal Due Date/Time Apri11, 2019 4:00 p.m. (CST) I. PROJECT OVERVIEW The City of Monticello, Minnesota is seeking a consulting firm(s) with considerable experience in scenario-based strategic planning, community design, land use planning, economic analysis, and community engagement to prepare a Community Vision and update the city's Comprehensive Plan. The objective of the project is 1) to provide the community with a clear vision for its future developed by an engaged and informed community and 2) the strategies to achieve that vision, ultimately reflected in an updated Comprehensive Plan. The plan documents should be visually appealing, usable, and legally defensible. The plan will address the transformational issues at work in the community and region, which will shape Monticello over the next 20 years. These issues will include fundamental changes in tax base, land use, and transportation, among others. In addition, with an Orderly Annexation Agreement in place with Monticello Township, which will expire in 2025, the 2040 Plan will recognize the opportunities for growth and development in this area and focus on engaging township residents in the process. The 2040 plan is a shift in character, process and format in comparison to the existing 2008 Comprehensive Plan. While prior Comprehensive Plans serve as context, the 2040 plan will represent an innovative and transformative blueprint for Monticello's future. The city intends for the 2040 plan to be a community-oriented plan organized around a shared vision and actionable outcomes. The plan will be completed in two phases. A. Phase 1: Scenario Planning & Community Visioning The first phase of the project will require a futurist planning strategy, employing scenario- based planning tools. The first task is the identification of issues that will shape the community for the next 20 years. Initial community-wide input will be gathered on trends and forces with the goal of developing specific scenarios for Monticello 2040. Harnessing transformational forces will be a critical component of this planning effort. The consultant will then work with the community to define a preferred alternative scenario for the identified issues, culminating in the development of a shared community vision and specific, concise guiding action statements to inform the second phase of the plan. B. Phase 2: Comprehensive Planning The second phase of the project is the preparation of the city's guiding document for growth and development over the next 20 years. The Comprehensive Plan document will emphasize the relationship between the vision and action statements established in the first phase and the plan's specific study components. This phase of the planning effort will provide clear direction and guidance for decision making within the traditional comprehensive plan chapters. The Comprehensive Plan will also clearly articulate the inter-relatedness of the study components. r r C4MMUNITY VI�IQN & G�MPREHENSIVE F'LAN �� _ : C+� and inf IMPLEMENTATI�N DC�CUME�JTS Data Analysis/Cc�mmunity Cantext i Issue Identifucation � Scenario ��evelopment � ., Preferr�d 5cenario Sel�ction � Action Statement De�elo�ment � . Vision Statement Comprehensive Planning • Economic Deueloprn�nt � Pa�ks, Pathways & Oper� ; � Community Ident' � Transport, ' ,� ��,�, � STRATEGIC PLAN INork�4ans Governanee M� CapitallmproVe�nent r.:.._ � 3�Pa�� II. COMMUNITY BACKGROUND The city of Monticello is a vibrant community located along the Mississippi River. The community is proud of its cultural heritage, excited about its recent growth and development, and determined to develop strategies to confidently meet the challenges of the next 20 years. Monticello was founded by second-generation Americans who migrated west in the mid - 1800s. Founded in 1856, the city grew quickly during the early settlement years and then leveled to a population of about 1,300. Then, between 1969 and 1972, two major events occurred that would have a major impact on the community. During that time, a nuclear power generating plant was constructed and Interstate 94 was completed, skirting the southern boundary of the original city site. The city of Monticello is now a free-standing urban fringe city with its growth driven by a prime location on Interstate 94 between the Minneapolis/St Paul Metro area and the City of St. Cloud. The residential population is currently estimated at 13,000. However, the population of the Monticello area as a regional center is far in excess of 13,000, as Monticello is located along a heavily traveled commuter route. It is estimated that the population within a five-mile radius of the city is over 50,000. It is important to note that Monticello is not a suburban commuter city; rather Monticello acts as a regional center, offering a variety of workforce opportunities with a comparable ratio of those commuting in for work as out. Although a cross-section of housing stock in both age and value exists in the community, much of the population growth in the last thirty years been fueled by development of starter homes and townhomes. The city offers a full range of services to residents and is home to the CentraCare Monticello hospital, Independent School District #882, and other institutions that serve the community. Non-profit and volunteer organizations round out an active and involved Monticello. The city also maintains over 100 acres of parkland and 11+ miles of paved pathways for both passive and active play recreation. Residents enjoy access to the Monticello Community Center which features a water park, fitness center, track, basketball court, senior center, indoor playground, meeting space, and City Ha1L In addition, the City of Monticello and Wright County have partnered to acquire and operate 1,200 acres of open space in Wright County, known as the Bertram Chain of Lakes Regional Park. This irreplaceable natural area includes undisturbed shoreline and natural habitat, as well as 120 acres for a city-owned and operated regional athletic park. Monticello is also a regional hub of commercial development, owing to its location at the intersection of State Highway 25 and I-94. The increase in residential population along the I- 94 corridor, coupled with excellent transportation access, propelled recent commercial growth. The community is home to both large franchises and local retail and commerce. Previous land use and utility planning initiatives have provided the resources necessary to serve commercial users. The city is now reaping the benefit of such investments. Development along Highway 25 and I-94 anchors commercial centers which include the noted major retailers. Sufficient land is available to support continued commercial development in these areas. Redevelopment of the downtown area has also become a major focus of the city. Recognizing the downtown as the heart of the community, investments in events, arts and culture, buildings, and property have taken center stage over the last two years. For the purposes of industrial development, the City actively markets 50 acres of public industrial property with collector road and utilities, and is currently marketing the property to qualifying industrial users. There is also available private industrial land located throughout the community, but industrial land supply is an issue for consideration. The need for additional industrial land for workforce and tax base expansion will be a major issue for Monticello looking forward. The city, with an active Economic Development Authority, has been very aggressive in its economic development strategies and is focused on workforce development and growth in tax base. The city has created a number of TIF districts, which support both new development in industrial areas and redevelopment in the original downtown. Monticello's tax base relies heavily on the presence of the Monticello Nuclear Generating Plant (MNGP), which currently represents over 55% of the tax base for the city. The city is actively pursuing strategies to diversify and strengthen the tax base and manage the fluctuations in valuation at the MNGP. With the development and implementation of a city-based fiber-optic system, coupled with a second privately owned and operated fiber-optic system, Monticello residents and businesses are well-positioned to take advantage of the digital age. An annexation agreement is in place to accommodate future growth and development within Monticello Township. The agreement provides for development which makes the most of the amenities of the area, while preserving agricultural resources and open space. Monticello is also aware of its central location within the region. Growth southward into the city's annexation area, as well as growth pressure from the communities of Big Lake and Becker to the north, have created a need for Monticello to reach out to neighboring communities to think more broadly about transportation, utility and economic development. In summary, because of geographic location and rich history, Monticello features aspects of an older small town, as well as the needs of a growing regional center outside the Minneapolis/St. Paul Metropolitan area. III. OUTLOOK Phase 1 of the 2040 comprehensive planning project requires that the selected consulting firm(s) present a creative and inclusive approach to support a community-wide identification of forces and needs likely to influence Monticello's next 20 years. The selected consultant will bring a future-forward approach to the identification and actualization of transformative forces affecting Monticello, and will develop truly creative and differentiating solutions. While Phase 1 will require a community-based effort, looking toward 2040, the city has identified a preliminary set of issues which have the potential to shape the community. These matters are described briefly below. 1. Current Orderly Annexation Agreement The City of Monticello and Monticello Township have an agreement for orderly annexation of a large portion of the township which expires in 2025. Phase 1 of the Plan will engage the township residents in discussions on future planning for the annexation area and new ideas for growth and annexation. The recognition of township residents and property owners as stakeholders in the process is important to fostering a broader vision of the Monticello community. Continued efforts to coordinate planning are critical. 2. Xcel Energy Transition Monticello is home to the Xcel Energy Monticello Nuclear Generating Plant (MNGP). The MNGP is currently licensed through 2030 and at present represents 55% of Monticello's tax base. Xcel Energy/Northern States Power also controls approximately 600 acres of land surrounding the plant facility. The plan will address the possible and eventual decommissioning of the plant, as well as the remaining fuel storage which may occur on-site. The city seeks to understand the full economic and social impact of the plant within the community and to develop specific strategies to maintain a vibrant, healthy and economically successful community. In addition, the existing Burlington Northern (BNSF) rail spur which runs through the city to the power plant should be evaluated for unexplored opportunity. 3. TH 25 Congestion and Relief Minnesota Trunk Highway 25 between I-94 and State Highway 10 is a vital local transportation artery supporting economic and social well-being in the region. However, congestion on this highway has increased in recent years, creating traffic, development and safety issues for the community. The corridor also provides the only bridge crossing over the Mississippi within a 10-mile growing suburban area. The bridge crossing is located on TH 25 in Monticello's core downtown, connecting Wright and Sherburne counties. A coalition of local jurisdictions was initiated to develop a unified effort among local and state interests for the purposes of joint planning and securing funding for necessary regional transportation improvements. Continued pressure on the corridor and transportation alternatives to relieve the pressure are key topics for the economic future of Monticello and the region. 4. Mississippi River Crossing Resulting from preliminary analysis completed by the Highway 25 Coalition, a study suggesting a new bridge crossing of the Mississippi has been prepared. At present, the study is in draft form and provides optional alignments for the second river crossing. The siting and funding of a river bridge is a significant undertaking. Bridges serve as a connection - between communities and commerce. Monticello is approaching this planning initiative with significant consideration, recognizing the long-term impact that the bridge will have on land use, transportation and economic development. A second bridge connecting Wright and Sherburne Counties has the potential to create incredible, dynamic, and long-lasting economic benefit for the affected communities if sited appropriately. 5. Education A primary partner in the success of any community is the school system. Monticello is fortunate to have an incredible resource in the Monticello School District. The District has undertaken recent strategic planning and is working to define its own innovative path to future success. Incorporating the parents, children, educators, and administration within the school district is a top priority for the planning effort. Feedback from this stakeholder group will support planning related to workforce development, land use planning for future school facilities, pathway and park locations, culture, technology, and much more. In addition, facilitating discussion within the school and at school events will aid in reaching a broader audience with the planning effort and establishing a core of people of all ages committed to the vision of the new Comprehensive Plan. 6. West Interchange A third interchange serving the City of Monticello from the west has been identified in past Comprehensive Plans. An Interchange Land Use Study was developed to analyze land use potential for varying location scenarios. Ideally, the new Comprehensive Plan will incorporate this information and develop land use solutions to utilize and support this interchange. 7. Workforce Development The shortage of qualified workforce for Monticello's numerous manufacturers and industries is consistent with trends felt regionally and nationally. Attracting and retaining workers is a high priority for the community, as is growing the workforce. Clearly, the diversification and growth of tax base is related to the potential decommissioning of the Xcel Nuclear Plant and Monticello's future economic viability. The development of an educated, trained and engaged workforce that contributes not only economically to the community, but in residential and other social sectors, is also vital. 8. Priority Growth Areas, Transitional Land Use F� Housing The city will need to work through a prioritization of future growth areas. The prioritization will evaluate infrastructure, transportation, utilities, and amenities. It will look at a changing dynamic between land uses, where the lines between industry and commerce merge, and where workers seek to live closer to both. A more focused look at the Orderly Annexation Area Sections, including opportunities for unique development patterns and styles (such as cluster housing) and locations for life-cycle housing is required. The previous Comprehensive Plan also did not identify density for undeveloped guided residential areas. A conversation on density is needed to better focus utility and transportation extensions and growth areas. Identification of density will also assist developers in evaluating project siting. 9. Community Identity and Culture Although Monticello has strong historic roots anchored by the Mississippi River, its local community identity lacks coherence and clarity. There is not currently a cohesive and recognized statement of "who we are' and a defining statement of "who we will be'. 10. Regionalization Monticello is a sub-regional center, acting as a hub for commerce and services to the surrounding communities given its location on prime transportation corridors. The community should evaluate opportunities to capitalize on this central location to work with adjacent jurisdictions to maximize growth potential and efficiency. Smart growth benefiting all is also occurring due to changes in utility infrastructure, including the location of a Google data center in neighboring Becker. The review of comprehensive plans and utility plans in adjacent communities will need to be part of the full comprehensive planning process. 11. Sherburne County Rail Park A study has been completed for an approximately 3,200-acre rail-based industrial park in Sherburne County. While the magnitude of the proposal will require years of planning and investment, the completed study includes conceptual park designs and projected economic impacts. The BNSF inain rail line between Seattle and the Twin Cities and Chicago to the east running through the Sherburne County provides the basis for the proposal. The rail park as proposed represents significant regional impact including an estimated 16,000 to 17,000 jobs, along with traffic and multiplier development. Monticello's proximity to the proposed development and its role as a regional center requires that Monticello continue to monitor the project's progress and potential for impact. This includes the potential for a new river crossing route. 12. Demographics, Diversity F� Equity Monticello, like many communities, will need to address changing trends in demographics and determine the best methods for ensuring equity among its stakeholders. In 2019 the city is engaging with the League of Minnesota Cities, the Government Alliance on Race & Equity, and cohort cities to learn more about how to evaluate internal structures and organize future practices and policies using racial equity tools. The city's goal is to incorporate these ideas and tools into our planning efforts. 13. Technology Rapidly advancing technologies affect us all - autonomous vehicles, green energy, workforce mobility, etc. Monticello's vision and comprehensive plan will recognize that innovation provides a pathway to success and the possibilities are limitless. The comprehensive plan should address the possibilities as opportunities and prepare a roadmap to reach its full potential. IV. PROJECT GOALS The Phase 1 planning and visioning effort is intended to result in a document which can be used by the community at-large, but also serves as the foundation for the comprehensive planning effort for Phase 2 of the project. The Phase 2 2040 Comprehensive Plan document is anticipated to be a significant update of the city's existing 2008 plan. Rather than a standard technical document, the city is seeking a plan which is anchored by a clear vision for the future and written in a way which ensures its use as a guiding document for city decisions. Project goals for both documents include the following. 1. Futuristic: creative, imaginative, agile, and out-of-the-box examination of the forces - both large and small - that will change the community; 2. Community-focused: plans developed by the people that live, work, learn, and recreate in greater Monticello; 3. Inclusive: reflect a process which incorporates the many viewpoints, needs, and opinions of the residents and community stakeholders; 4. Consensus-based: organized around a shared vision and community-developed guiding action statement principles; 5. Accessible: easy-to-read, easy-to-use, with a strong emphasis on visual interest and the use of photographs, charts, tables, and picto-/infographs; 6. Strategir. responds directly to the shared vision with action-oriented statements and focused on measurable outcomes; 7. Connected: acknowledge and address the inter-relatedness of the various planning elements that create and shape community; 8. Data-driven: provide an evidence-based framework for decision-making; 9. Transparent: the planning process and its related impacts should be made clear to stakeholders; and 10. Accountable: detail implementation and suggested measurement tools to support achievement of the vision. V. SCOPE OF WORK The following is a general description of the tasks required of the consultant(s). A final scope of services will be negotiated and finalized once a consultant is selected. In preparing a proposal, the consultant should feel free to modify, revise or otherwise amend the list of tasks to best satisfy the project goals identified previously. L Initial meeting with city staff to review the project scope, schedule, and deliverables; map out final project timeline; begin the process of data collection and issues analysis; and clarify any outstanding questions or concerns. 2. Confirm plan format to include vision, guiding action statements, plan sections and implementation outcomes. 3. In partnership with city staff, develop and implement the community engagement effort, including plan branding and project communications. 4. Regular project meetings with staff and technical advisory team. 5. Preparation of ineeting summaries for all staff and engagement meetings and events. 6. Periodic reports to the City Administrator and Community Development Director. 7. Specific to Phase 1: o Project initiation meeting with staff and technical advisory team. o Develop the Community Context. ■ The data that describes who we are. ■ The data which provides insight into opportunities for growth and development on which Monticello can capitalize. ■ The data that describes who we will be. o Facilitate a community-wide preferred scenario plan resulting from an issues identification and response scenario process. o Develop specific guiding action statements in support of the preferred scenarios. o Establish the shared vision. o Prepare a finalized document for adoption by the City Council to include: ■ Vision Statement ■ Action Statements ■ Preferred Scenarios ■ Community Context ■ Appendix of Engagement 8. Specific to Phase 2: o Project initiation meeting with staff and technical advisory team. o Review, update, and revise as applicable the contents of the 2008 Comprehensive Plan consistent with the city's vision and guiding action statements. o The Phase 2 project document will include the following components: • Executive Summary • Land Use: Chapter will require comprehensive review and analysis. o Residential o Commercial o Industrial o Parks, Pathways & Open Space o Downtown o Transition Areas/Mixed Use o Community Spaces & Uses • Economic Development: Chapter will require comprehensive review and analysis. This will include consultation with the city's financial consultant, Northland Securities, to respond to and develop recommended strategies. o Tax Base o Workforce o Development o Redevelopment • Transportation: Chapter requires a minor update of the vehicular component, including interchange location selection, with primary focus on pedestrian and bicycle components. o Vehicular o Pedestrian o Bicycle o Rail • Parks, Pathways F� Open Space: Chapter requires a minor update of the main components, with primary focus on the incorporation of noted guidance and development of the Downtown Open Space Plan. o Existing Parks & Pathways o System Objectives o System Plan - Parks and Pathways ■ Incorporation of Natural Resource Inventory & Assessment ■ Incorporation of Pathway Connections Guide Map ■ Incorporation of regional parks and pathway information ■ Incorporation of Safe Routes to School Plan recommendations o Downtown Open Space Plan • Utilities: RESERVED. Review current information as part of process. a. Water b. Sanitary Sewer c. Storm Sewer d. Green Infrastructure • Community Identity F� Culture: New chapter to be developed for the 2040 plan. 12 � r�� o Plan chapters shall include specific support relating to the vision and guiding action statements. o Any analysis completed in conjunction with the TH 25 Coalition will be required to be incorporated into the applicable chapters of the plan, including but not limited to: Lane Use, Economic Development and Transportation. o The Coalition of Utility Cities' study on community and economic impact for utility transition will be required to be evaluated in the updating of applicable chapters of the plan. o Plan chapters shall include an implementation component for each chapter. o Plan shall include recommendations for suggested measurement against guiding action statements and vision. o As previously noted, the process shall include regular meetings with the technical advisory team. o Presentations and engagement with advisory boards or commissions as necessary for plan chapters. o Complete a legal review with the City Attorney for compliance with the requirements of Municipal Planning Act. 9. Presentation of draft plan sections to various boards/commissions, including all required public hearings, and final draft to Planning Commission and City Council for approval. VI. ENGAGEMENT The project will require an extensive community engagement process. The project is specifically intended to foster relationships between city leaders, staff, residents, and area stakeholders. Selected consultant(s) will anticipate involvement and coordination of engagement activities with city staff. The selected consultant(s) will provide a clear understanding of roles of staff and consultant in engagement activities as part of the proposal document. It is anticipated that Phase 1 of the project will require the most intense community engagement activity. Community-wide involvement is critical to building a shared vision and commitment to the project by the numerous stakeholders. Phase 2 of the project will continue to require community input at key points throughout the process, which are to be identified by the consultant based on project approach. For purposes of the 2040 Plan, the city's high priority populations to engage include: • Families • Low-income populations • Youth • Diverse and immigrant populations • Monticello Township residents • Seniors • Community partners: o School District o Hospital o Business and Industry o Community organizations and non-profits • Regional partners - Monticello Township, cities of Big Lake and Becker, Wright and Sherburne counties It is expected that the selected consultant(s) will utilize a variety of tools and forums to achieve community-wide participation, including but not limited to those listed below. Professionally prepared and presented digital and print materials are a priority. • Website pages and updates • Social media posts - invitations and summaries • Non-traditional meeting venues • Engagement at partner locations • Pop-up meetings • Focus groups and workshops • Public presentation software and resources (visual preference, smart phone polling, etc.) • Portable project summary boards • E-newsletter • Press releases • Surveys (to the extent useful) VII. TIMELINE (SUGGESTED) 1. Apri11, 2019 2. Apri12019 3. May 2019 4. May 2019 5. June - October 2019 6. November 2019 7. December 2019 Proposal Submittals Due (REQUIRED) Proposal Review and Interview Select Consultant(s), Contract Begin Phase 1- Data Analysis Community Scenario Planning & Visioning Formal Public/Board Review of Visioning Document and Guiding Action Statements Adopt Vision and Guiding Action Statements The following timeline for Phase 2 is dependent on the prior phase completion, adequacy of preparation and review time, and the availability of other resource data and studies, and may be adjusted forward into 2020/2021 at the discretion of the City in conjunction with the selected consultant(s). 8. January 2020 9. February - September 2020 10. October - December 2020 11. December 2020 VIII. DELIVERABLES IX Begin Phase 2- Data Analysis Prepare and Draft Phase 2- Comprehensive Plan Formal Public/Board Review of Comprehensive Plan Adopt Final Comprehensive Plan The following items are required deliverables of the project and should be incorporated into your proposal narrative, timeline, work plan, and budget. 1. Project website pages and updates (itemize as separate budget line item). 2. Electronic copies of all process and plan communication. 3. Electronic copies of the two plan documents (Phase 1 and 2), in edit-ready formats (Text in Word or Adobe InDesign format required, graphics in Adobe InDesign or Adobe Illustrator format, maps to be provided in both .dwg layers and .pdf) QUALIFICATIONS AND ROLES Multidisciplinary teams, which may be a single firm or a consultant team consisting of individuals and/or firms with specialized expertise, are encouraged to submit a proposal. Qualified firms will demonstrate: 1. Familiarity with scenario-based strategic planning 2. Experience at successfully developing consensus-based plans 3. Strong facilitation and engagement skills 4. Experience at gathering and utilizing data to inform the planning process 5. Knowledge of communications and branding 6. Ability to constructively challenge key participants 7. Experience inspiring stakeholders to think innovatively 8. Extensive experience in land use planning 9. Ability to coordinate among multiple stakeholders X. OWNERSHIP & RIGHTS The City of Monticello reserves the right to reject any or all proposals, to waive technical specifications or deficiencies, and to accept any proposal that it may deem to be in the best interest of the city. Although not preferred, the City reserves the right to select different consulting proposals for Phases 1 and 2. All work products and intellectual property resulting from the contract and defined scope of work and intellectual property will become the property of the City of Monticello. XI. BUDGET The total budget for Phase 1 of the project is $40,000. Phase 2 is anticipated to be budgeted for 2020. City staff is available to assist in completing and reviewing various plan sections, provide greater detail, context, and history, gather data, assist in meeting facilitations, and offer technical support. Additionally, City Hall is located within the Monticello Community Center and is equipped with media projection, production equipment, large format plotting and reproduction equipment, and meeting space. City staff can assist in arranging additional meeting and engagement event space at locations throughout the community. The proposed budget total should include all expenses and materials to deliver the work product. The city requests a proposed line item budget as part of the submittal package. The city will not be liable for any costs incurred by the consultant in the preparation of a proposal submitted in response to this RFP, in conduct of a presentation, or other activities related to responding to this RFP. No costs chargeable for work under this proposed contract may be incurred before receipt of either a fully executed contract with the city or specific written authorization from the City of Monticello. The final contract dollar amount will be negotiated with the selected consultant/team. If the city is unable to negotiate a satisfactory contract with the selected firm, negotiations with that firm will terminate and the city may select another firm. XII. PROPOSAL SUBMITTAL The following materials must be received by 4:00 p.m. (CDT) on Monday, April 1, 2019 for a proposal to be considered. During the evaluation process, the City of Monticello reserves the right to request additional information or seek clarification from a consultant/team, or to allow for corrections of errors and/or omissions. All submissions are to include the following components for each of the two �hases, prepared as separate itemized proposals. A. Project Overview 1. General Information: provide a brief overview of firm, including qualifications to execute the contract 2. Proposal Understanding: include a summary of the consultant's understanding of the project as described in this RFP, including the desire by the city for a strategic, community-focused plan B. Qualifications 1. Personal Qualifications: a Identification of lead project manager and contact information b. Name, proposed role, hourly rate, anticipated time commitment to the project, and biography of each team member 2. References: include a list of at least three municipal clients for which consultant has conducted comprehensive planning, visioning, community engagement and/or land use analysis C. Proposal Submitted materials must provide a clear understanding of the proposed approach 1. Project Overview: provide specific approaches, methods and assumptions that will be utilized to accomplish each task 2. Proposed Work Plan and Schedule: provide a proposed work plan divided into distinct phases and including a list of key tasks, milestones, approximate dates, project deliverables and resource needs 3. Community Engagement Plan: provide an overview of approach including anticipated activities, collaboration with city staff, and efforts to engage high priority populations 4. Budget: identify cost estimates for each segment of the scope of services and work plan. At minimum, identify costs for the following: i. Community engagement activities and materials ii. Staff and public meetings (include anticipated number) iii. Plan research, drafting and revision (include anticipated number and any consulting staff review) iv. Production of final document(s) v. Any other anticipated budgetary needs including incidentals All responses, questions and correspondence should be directed to the contact below. In the interest of fairness to all respondents, please do not contact other staff or elected or appointed officials unless instructed to do so. A list of questions and pertinent responses will be posted on the city's website. Angela Schumann Community Development Director City of Monticello 505 Walnut Street, Suite 1 Monticello, MN 55362 Angela. schumann@ci.monticello.mn.us One electronic copy of the proposal, in Adobe PDF format, and ten (10) hard copies shall be submitted to the email and address above. XIII. REVIEW PROCESS & SCORING The RFP subcommittee will evaluate and rank all submitted proposals. After conclusion of this review, the subcommittee will recommend the most qualified consulting teams or firms to the City CounciL The decision will not be made by ranking alone, but will be based on a combination including, but not limited to: ranking, presentation, proposal merit and other qualifications. The Council will review the recommendations and invite the top candidates to conduct a presentation before the Council, members of city staff and representatives of the Planning Commission. Presentations are expected to occur in Apri12019. The City Council will make the final decision on the consultant firm selection, with input from the subcommittee, Planning Commission and staff. Once authorized to proceed, the "most qualified" consulting team or firm will be expected to immediately assist in developing a final scope of services and contractual agreement. Scoring criteria follows. SCORING CRITERIA APPROACH Demonstration of an innovative and creative approach to scenario 10 points lannin Clear process to identify preferred scenario and action statements 15 points to address these issues A strategy is devised to draft a community-based vision founded 10 points on develo ed consensus A comprehensive approach is taken that acknowledges the 10 points interconnectedness and com lexit of issues Design and language techniques will be engaged to make the 10 points lans accessible, eas to read, and eas to use Understanding of comprehensive planning requirements and 20 points detailed lan a roach to com letion A work plan is submitted that is realistic based on the level of the 15 points scope provided and identifies high-level goals, strategies and timeline COMMUNITY ENGAGEMENT Community engagement plan includes multiple engagement 15 points techni ues Specific tactics proposed to target high priority populations and 15 points create an inclusive lannin rocess Clear definition in roles of staff and consultant in the engagement 10 points rocess Planning process is designed with transparency of decision 10 points makin and im lementation strate 'es in mind A process is identified to regularly update the community on 10 points ro ess made towards im lementation of the lan BUDGET Pro osed bud et is reasonable and reflective of ro'ect needs 15 oints Lan a e is included statin the bud et is "not to exceed" 5 oints EXPERIENCE Project team has experience creating innovative, strategic and 10 points inter-related com rehensive lans Project team has experience creating action-oriented, phased 10 points im lementation lans Project team has the comprehensive skills, capacity and 5 points technolo 'cal resources needed to com lete the ro'ect At least three references are rovided 5 oints TOTAL 200 Points XIV. SUPPORTING REFERENCES & RESOURCES 1. www.ci.monticellamn.us 2. 2008 Com�rehensive Plan, includin a� 11 A�endices 3. Cit� of Monticello Strate '�c Plan 4. Natural Resource Inventor� & Assessment 5. Monticello Orderly Annexation Agreement 6. Interchange Planning Study 7. Highway 25 Coalition Study Materials 8. Coalition of Utility Cities 2019 Economic Impact Study for Minnesota Host Communities 9. 2017 Monticello Housin� Stud� 10. Area Comprehensive Plans - Wright County, Becker, Big Lake Resource Partners Monticello Independent School District 882 Monticello Township Wright County Live Wright - Wright County Statewide Health Improvement Program CentraCare Health - Monticello Wright County Community Action Central Minnesota Initiative Foundation XV. GUIDANCE REFERENCES City of Shakopee - Envision Shakopee, Comprehensive Plan City of Minnetonka - Imagine Minnetonka The Futurist.com 20�� EDA Agenda: 03/13/19 8. Economic Development Report (JT) A. Initiative Foundation Grant Award — The City of Monticello received a$10,000 Grant from the Initiative Foundation to participate in a community impact analysis related to the potential future shutdown of the Monticello Nuclear Generation Plant. A high-level review of potential impacts will be completed by the group of Coalition of Utility Communities consultant energy transition team. The study will look at tax base consequences, jobs and income shifts, land-use adjustments and potential residual environmental issues and infrastructure needs-adjustments. The report information will be used in the upcoming City Comprehensive Plan update and shared with the EDA when it is completed in late 2019. Please refer to Exhibit A. The Proposed Study Scope is attached as Exhibit B. B. I-94 Update: Exhibit C. C. Highway 25 Coalition — The City Council adopted a resolution encouraging the Highway 25 Coalition to consider a broad economic development analysis of the five river crossing options. See Exhibit D. D. Briggs Apartment Development TIF Grant — Verbal update to be provided at the meeting. E. Prospects — See attached A spread sheet with the concept stage and active search prospects is attached as Exhibit E. DocuSign Envelope ID: 8689F907-D683-43C0-A3F8-308ECO2EEEDC (320) 632-9255 405 First Street SE Litt�e FaUs, MN 56345 January 18, 2019 Mr. Jeff O'Neill City of Monticello 505 Walnut Street Suite 1 Monticello, MN 55362 Monticello, MN 55362 RE: TC119-6731 Dear Jeff, ifaund.arg Congratulations! This letter is to advise you that your application for the project entitled "Transitioning an Energy Economy: Nuclear Host Community /mpactAnalysis - Monticello" has been approved in the amount of $10,000.00. This agreement explains the conditions of the award as well as the reporting requirements. Please read the grant agreement carefully. Please complete the attached grant agreement via DocuSign and retain a copy for your records. The Foundation will make full payment of this grant within 45 days upon receipt of signed Grant Aereement. It is important to remember that any educational, promotional, or other project related materials must say the following: "This project was funded in part by the Initiative Foundation, a regional community foundation." To share news of your grant locally and socially, please use these resources: News Release and Social Media Tips. Thank you. This helps all of us in future fundraising efforts. A final Financial Report and Grantee Pro�ress Report will be due within 30 days following the end of your grant period. You can find and submit these reports online through your MyAccount page. We are looking forward to working with you on this project. Please feel free to contact us at any time if you have questions. Sincerely, DocuSigned by: �DI�, i��l�cwtaLt, C C OF9EAC4 C ,. Don ic man, ice President for Community & Nonprofit Development cc: Angela Schumann � Powering Possible tyusi opportunity �ender. provider and employer. 2019 Economic Impact Study for Minnesota Host Communities Description of the Work The selected consultant will study the economic impacts associated with being a power plant host community. This study will use processes similar to those previously used for studies completed by the State of Minnesota, Minnesota Power, and Xcel Energy. Data integrity is integral to producing a quality study for all stakeholders. The evaluation will examine each host community independently, revising input data to reflect the specific operational, geographical, economic, and timelines as provided by Minnesota Power and Xcel Energy. Study Timeline ("Collective" represents all parties — CEE, the Utility Cities, Minnesota Power, Xcel Energy) • Scope of Work Finalized —January 2019 • Solicit Consultant Proposals —January 2019 • Collective to develop scenarios to be evaluated — January 2019 o Collective agreement regarding handling of confidential material (i.e. confidential operational cost/details will be provided by the utility to the consultant, without release to CEE or other utility) • Evaluate Proposals — January 2019 • Collective to Finalize Funding Responsibilities — January 2019 o Consultant work will not be commence prior to necessary funding commitments o Collective to develop agreement related to change orders • Collective approved of selected consultant — January 2019 • Collective approval of scenarios to be evaluated — January 2019 • Input Data Request to Utilities-February 2019 • Refine work scope based on consultant capabilities — February 2019 • Utilities provide Input Data — February 2019 • Consultant Modeling & Analysis —March thru May 2019 o Collective and Consultant weekly status meetings • Draft Report to Collective — 5/31/2019 • Final Report to Collective — 6/30/2019 • Supplementary Filing-Fall 2019 o If necessary a supplementary filing that includes City Level Impacts Evaluations Site Wright County (Monticello Plant) Goodhue County (Prairie Island Plant) Sherburne County (Sherco 3 Plant) Washington County (King Plant Itasca Countv (Boswell Plant) Current Operations 2030 Unit 1 2033, Unit 2 2034 2040 2037 TBD Retirement Evaluation 2026 Unit 1 2024, Unit 2 2025 2030 (with King) 2028 TBD Contractor Responsibilities/Technical Specifications/Requirements Note: The work scope is drafted around work previously completed for all parties using the REM/ model. The proposal evaluation process will equally consider alternate tools. A proposal representing an alternate must provide sufficient information to educate proposal evaluators on the capabilities. The selected consultant will secure use of a 70 sector, 3-region PI+ REMI model, a equivalent, for the following geographies: • Wright County (Monticello Plant) • Goodhue County (Prairie Island Plant) • Sherburne County (Sherco 3 Plant) • Washington County (King Plant) • Itasca County (Boswell Plant) • State of Minnesota The modeling will allow for the analysis of changes in spending, investment, and employment in each region. The final analysis will include regional tax revenues associated with the associated spending, investment and employment. The modeling inputs will employ regional population estimates for the specified regions. The analysis period will be extended through the year 2045 in order to quantify the impacts of changes in spending, as well as the impacts of changes in electricity costs for customers. Data will be collected from the utilities regarding retirement and associated replacement scenarios. Data will be disseminated from the utilities to the consultant as changes in spending from a baseline scenario ("Scenario A"). Data will be detailed for operating expenditures, capital expenditures, revenue requirements (total and bytype--residential, commercial, industrial), and propertytaxes. Employment, direct and indirect, will be quantified by the model. Note: Consultant will need to keep any confidential utility information separate from other members of the collective. Cases for Evaluation will be determined as a collective. Utility Responsibilities The selected consultant will provide the utilities with a detailed spreadsheet of requested data. This data will include detailed operating and capital expenditures for the baseline scenario and alternative scenarios. For each scenario, this data will include: • Capital expenditures by year, 2015-2040 o Total o Estimated percentage purchased within MN o Estimated percentage purchased within associated county • Operating expenditures by year, 2020-2045 o Total o Estimated percentage purchased within MN o Estimated percentage purchased within associated county • Revenue requirements and customer base by type (residential, industrial, commercial, etc.) • 2017 individual site employment and wages. • Projected O&M employment and wages by scenario through 2045. Consultant Delivery & Performance Schedule The project will be completed by June 30, 2019 • Consultant Proposals Due — 1/30/2019 • Collective approved of selected consultant — 2/15/2018 • Consultant Input Data Request to Utilities-February 2019 • Refine work scope based on consultant capabilities — February 2019 • Utilities provide Input Data — February 2019 • Consultant Modeling & Analysis March thru May 2019 o Collective and Consultant weekly status meetings • Draft Report to Collective 5/31/2019 • Final Report to Collective — 6/30/2019 • Supplementary Filing-Fall 2019 Deliverables The revised economic impact report will be adjusted to follow a format requested by the Xcel project team. I. Executive Summary a. Study purpose i. Economic impacts on level of economic activity in the area being studied. ii. It is not an analysis of the merits of early retirement for planning purposes. b. Methodology (brief one paragraph description) c. Scenario Description — include retirement dates in each scenario so that it clear what was examined. d. Results i. Results table ii. Explanation describing how to interpret the table of results (executives need talking points) iii. Description of how the results can and cannot be used II. Study Methodology a. Description of "economic impact study" — what are economic impacts? b. Description of Model — inputs and outputs i. (i.e.) reference to Appendix 1: Overview of REMI Policy Insight c. What consultant did i. Calibrated REMI ii. Ran REMI given Xcel input assumptions d. What individual members of the collective did i. Provided scenarios ii. Provided input data (capital spending, O&M, revenue requirements, etc) e. Explanation for selection of retirement dates III. REMI Calibration a. This includes much of the material currently in the "Economic Overview Section" b. Need to describe how multipliers were determined and what they capture and what they do not capture IV. Scenarios a. Explanation for how scenarios selected b. Include sufficient detail so it is clear to all what is and isn't assumed c. Scenario A- Base — Current End of Life d. Scenario B- Early King e. Scenario C— Nuclear extension with early King and Sherco 3 V. Data and Assumptions a. Capital Expenditures b. Operating and Maintenance c. Property Taxes d. Revenue Requirements e. Perhaps provide more details and year by year values in appendices for individual utilities verification/internal clarification (protected information) VI. Results a. Base Scenario — Current Operations b. Alternate Scenarios — Current End of Life c. Compare to Base Scenario to Alternate d. Discussion of results including how to interpret the results VII. Summary a. Similar to Executive Summary VIII. Appendices IX. Overview of Model Methodology X. Utility data provided to consultant (??? Protected data) XI. Talking points a. The retirement of will increase (decrease) study area jobs by each year over the study period and an average of jobs over the entire study period. b. The change in employment and personal income will directly or indirectly impact the study area by $ each year over the study period and an average of over the entire study period. c. However, talking points that will not be attainable include: i. Property values will increase (decrease), but the impacts were not quantified. ii. Fiscal impacts due to changes in employment, aggregate income, and property tax revenue will have a significant (or insignificant impact) on the study area. Acceptance Requirements Coordination/Project Management CEE: Coalition of Utility Cities Minnesota Power: Xcel Energy: Tim Sheesley, 303.294.2662 Consultant: From: Anaela Schumann To: Jim Thares Subject: FW:I-94 Date: Thursday, February 14, 2019 2:27:57 PM Attachments: imaae001.ipa Angela Schumann Community Development Director City of Monticello www. ci. monticellamn.us 763-271-3224 Email correspondence to and from the City of Monticello government office is subject to the Minnesota Government Data Practices act and may be disclosed to third parties. From: Matthew Leonard <matt.leonard@ci.monticello.mn.us> Sent: Thursday, February 14, 2019 2:27 PM To: Angela Schumann <Angela.Schumann@ci.monticello.mn.us> Subject: I-94 Here is what MNDOT had on their website. http://www.dot.state.mn.us/i94-m�-clearwater/pdf/faqpdf Will I-94 between Albertville and Monticello be expanded to six lanes? Not at this time. No money has been identified for a project on I-94 between Albertville and Monticello. MnDOT is planning a pavement project for 2025 and will revisit the additional lanes at that time provided money is available. Traffic models suggest that cars will still be able to flow well through the four-lane stretch. As traffic volumes increase over time, it will become more important to address adding additional lanes between Albertville and Monticello. Tha n ks, Matt Leonard, P.E. City Engineer / Public Works Director Phone: (763) 271-3271 Fax: (763) 295-4404 C ityLogo-fi na I-we b Email correspondence to and from the City of Monticello government offices is subject to the Minnesota Government Data Practices Act and may be disclosed to third parties. CITY OF MONTICELLO WRIGHT COUNTY, MINNESOTA RESOLUTION NO. 2019-18 A RESOLUTION IN SUPPORT OF ECONOMIC DEVELOPMENT ANALYSIS OF TH 25 TRANSPORTATION IMPROVEMENTS CONNECTING I-94 TO US 10 WHEREAS, the City of Monticello is a founding partner in the Highway 25 Coalition, whose mission is to develop a unified effort among local and state interests for the purposes of joint planning and funding for necessary regional transportation improvements to improve the functionality, capacity and safety of TH 25 between I-94 and US 10; and WHEREAS, the Highway 25 Coalition has embarked upon a transportation study to examine the impacts of continued growth in the region and its impacts on the corridor, which has resulted in the identification of a river crossing as a priority improvement; and WHEREAS, a second river crossing connecting Wright and Sherburne Counties has the potential to create incredible, dynamic, and long-lasting economic benefit for the affected communities, as well as long-term impacts on land use, transportation and economic development for the entire region; and WHEREAS, a river crossing is a major generational infrastructure improvement which requires the cooperation and commitment of multiple jurisdictions, extensive environmental review, significant funding resources, and the modification or expansion of transportation patterns and corridors; and WHEREAS, Sherburne County has recognized a second river crossing's economic development potential for 3600 acres of developable area, including proposed rail park facilities; which at full development may result in an estimated 1000+ freight vehicles passing through Monticello to I- 94 daily; and WHEREAS, the eventual decommissioning of electric generating facilities in the region requires a planning collaboration for the betterment of land use and economic opportunity in Wright and Sherburne Counties; and WHEREAS, grants are available for assisting with funding of studies and economic development initiatives intended to assist communities in transition due to transformation of the energy economy; and WHEREAS, the transportation study undertaken by the Coalition has yielded a river bridge crossing alternative located beyond the jurisdictional boundaries represented in the current Joint Powers Agreement, but within the boundaries of the Monticello Orderly Annexation Area, WHEREAS, the City of Monticello seeks to understand how a second river crossing will affect existing public and private investment, preserve and enhance current economic vitality, influence quality of life, neighborhood livability, and create new economic opportunity for the region; and WHEREAS, the City of Monticello desires additional information on a second river crossing's potential impact to the supporting transportation networks, and the opportunity the TH 25 corridor represents in relationship to regional economic development goals; and WHEREAS, as development pressure in undeveloped areas along the river increases, it is in the best interest of the Coalition to provide for more complete long-term planning to enable more effective decision-making in river crossing alignment areas; and WHEREAS, the City of Monticello believes the transportation study undertaken by the Highway 25 Coalition has been valuable in revealing that broader analysis of the TH 25 carridor and suggested river crossing alternatives is warranted to fully explore the ability to harness the development and economic potential and manage and mitigate the impacts of a second river crossing, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OFMONTICELLO, MINNESOTA, that the City of Monticello hereby recommends a collaborative effort by the Highway 25 Coalition to complete a regional economic development analysis of the identified transportation alternatives to enhance the transportation study in progress, improve available information for infrastructure grant applications, and to support future decision-making by the Coalition. This recommendation is further supported by a financial commitment by the City of Monticello for the proposed economic development analysis. BE IT FURTHER RESOLVED, BY THE CITY COUNCIL OF THE CITY OF MONTICELLO, that the City of Monticello hereby proposes that such study evaluate: ■ The economic impact for each entity as a result of each alternative; ■ Land uses most likely to develop in support of the alternatives, including intensity and extent; ■ The transportation systems and networks necessary to support the alternative river crossing locations and rail park, with the goal of reinforcing and supporting the connectivity between TH 25, I-94 and US 10, including: • Grade-separated rail crossings • Collector road systems throughout the impacted region, including collector connections back to TH 25 • Other system improvements ■ An understanding of the volume and disbursement of varying traffic types resulting from each alternative, including freight, regional, commuter and local traffic. ■ An understanding of the modifications and costs thereof to achieve the change ■ The framework for providing utilities and other public service systems in support of each improvement and its development area; ■ Other impacts as determined by the partners of the Coalition. ■ Priorities and recommendations resulting from the data collection and analysis. BE IT FURTHER RESOL VED, BY THE CITY COUNCIL OF THE CITY OF MONTICELLO, that the City of Monticello hereby proposes that continued discussion of transportation and economic development analyses include representatives of the stakeholders within the broader geographic region encompassing the proposed river crossing alternatives. ADOPTED BY the Monticello City Council this 25th day of February, 2019. CITY OF MO _ TICELLO �� , . Brian Stumpf, May 'r ATTEST: r, n � (` j ,� � � r Jeff (a?. ' ��'City Administrator v d � ; � L � � � � � � � � � � � � � v � � i, i i i i i Y i i i f0 +"i i i i f0 i i \ � N � N N N N f0 f0 f0 � �j N f0 f0 f0 (n N N N v �"i v v v �"i v v v � � (� (� (� (� (� Q (� (� (� d Q Q (� (� (� Y (� (� ma�i > > > > > � v v v v v v v v v v > � > .O � ,> ,> ,> ,> u � ,> ,> ,> v u � u u u � u u u u o � u u u o � �, � a ¢ Q ¢ ¢ ¢ ¢ ¢ ¢ ¢ c� ¢ ¢ ¢ c� ¢ ¢ +. c °/ o 0 0 0 0 0 0 0 0 0 0 0 0 � � o � � � o 0 0 0 0 0 0 0 0 0 0 0 > � � � � � O �'� O � O O �'� � O O O � O O � � � � � � ll1 Ol I� ll1 O m O .--� N � ll1 O N O l0 c�-I c-I � ('/) N N ('/) {�j? � c-I c-I � ('/) c-I � � � � � � � � � � � � � � � � O H m � O � 3 O O � ^ M1� M1� M1� I� M1� + � + + (n N 0 I� W M1� O d � �' m m � Z 'n � m � O � � O O O O � � O � O � � � .� �+ N � � V � � i��+ • S ' . � . . S � . •V � � 0 `� � N � � � O � + � � + � t O � y LL � s O s s Q v s s s O �n � s � � s � � p � 0 O O z z O � O O M1 p O O � O � O � � � o � °�° M1' m � � o 0 0 0; � � °�° o pp oo � � � in � ri m 0 m � W � Q Q N Q a . a '� � � J O �7 + u�'i + O *' W O O � O O O °0 � o a+ a . C . 'N � } O C V U � =- W +`, O +`, C � � V u�'i �m V V V � ?r. Y Y V + m V m to £ 0 7 7 � 7 7 7 — N c .+�-' c W � � O � O X � ++ �' �' G. +' +' +' � Z O cn O N _ - �3 c� �n �n x �n M1. �n �n m CJ CJ d c �� , ' o �. �, ua, � c°� c°> > c°� c°� c°� ° n�o a3, z a3, O � LL � LL � � �j � 3 3 � 3 3 3 ." � z � z 'g N �� 3 �� '� d o d d �� d d d x m c �A a �j( LL � LL LL Z V Z Z LL Z Z Z W H Q I.i W � z � z W w z z h0 pp h0 41 L � C _ � �c � N V C C � J � � C C 7 � a°qi ao � ao � 3 " � ao � � � m v �o �,a � V � � Y Y � V � � V � N V � � � � � � Y 0 �co � � � � � c� `° .� -� � V � — Q � � � Y � � — -p — '� � �n t0 � Y � O E N v v 0 `� Y O Y N c N � E d v o v m o a c� co � a 0 v a v cn o E v E � � '� � � '� co v � � � � '� E � o 7 v w 0 L 0 � � � ; cJ m d � LL � d C� Y > V � z N K � £ Q � � .N L -6 7t m N 0 110 � i Y � v N p � � O � � t0 Q N �1 LL N � y C y E � t0 z ° � m v � °' 3 �i c � co �- co o � n d Z 3t L Y c U N �' L cn d o] CJ C 0 Y Y V (n V � = y � (n � y Y �"i Y Y � V G. W N N •O V 0 � � N 7 V V N N v N N � N p O O v Y N O � N N '0 •O '0 •O '0 O C � . . U G • C Z d d � � 0 � � ` � � d d d d d N d V d f0 d d �O � d Y d �+ V � � � c-I c-I c-I `� c�i W O�l 0�0 00 0�0 O�p p�p W W W O�l Ol O � � O O O � O � O O � O O O O O O O O N N � � � N w N ^ N l0 � ^ I� � N N � 00 O O � � � N � O m m N N d � � � � o o � � � � ^ � � � � � N � m ++ � � l0 l0 c-I � c-I N I.f1 I� I� 00 c-I c-I c-I N R 0 O O O O O N c-I � � � O O O � c � Q x w � � 0 N c\-I m T ci O N � ci M ? � 7 V V 0 0 i+ i 0 .N �V N � d in