IDC Agenda 03-09-1989
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AGENDA
MONTICELLO INDUSTRIAL DE
Thursday, March 9
City Hal
MEMBERS:
Chairperson Shelly J
Dale Lungwitz, Arve
Wolfsteller, Jay Mor
Linda Mielke, James
Pogatchnik, Dave Pet
STAFF: Jeff O'Neill
1. CALL TO ORDER.
ELOPMENT COMMITTEE
1989 - 7:00AM
hnson, Don Smith, Lowell Schrupp,
rimsmo, Mayor Ken Maus, Rick
ell, Ron Hoglund, Harvey Kendall,
ruger, Dennis Taylor, Dale
rson, and Ollie Koropchak.
2. APPROVAL OF THE JANUARY 19 1989 IDC MINUTES.
3. CONSIDERATION OF FINAL DRA T OF THE ECONOMIC DEVELOPMENT
AUTHORITY ORDINANCE AND TH GREATER MONTICELLO ENTERPRISE
FUND GUIDELINES.
4. CONSIDERATION TO ADOPT A R SOLUTION AUTHORIZING CO-SIGNATURES
ON ALL IDC DEPOSITS.
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5. CONSIDERATION OF INFORMATI NAL ITEMS: 1989 GOALS AND MEMBERSHIPS/
OFFICERS FOR THE IDC, THE RA, AND THE CHAMBER OF COMMERCE.
6. CONSIDERATION TO DISCUSS T E PROCEDURE TO UPGRADE OR NOT
UPGRADE THE INDUSTRIAL PAR ROADS.
7. CONSIDERATION TO DISCUSS P TENTIAL INDUSTRIAL DEVELOPMENT PROSPECTS.
8. OTHER BUSINESS.
9. ADJOURNMENT.
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MINUTES
MONTICELLO INDUSTRIAL DEVEL
Thursday, January 19
City Hall
MEMBERS PRESENT:
Chairperson
Don Smith, L
Ken Maus, Da
Taylor, Ron
Koropchak.
STAFF PRESENT: Jeff O'Neill
1. CALL TO ORDER.
PMENT COMMITTEE
1989 - 7:00AM
he11y Johnson, Vice Chairperson
well Schrupp, Harvey Kendall,
e Lungwitz, Linda Mielke, Dennis
oglund, Arve Grimsmo, and Ollie
Chairperson Shelly Johnson called the IDC meeting to order
at 7:07AM.
2. APPROVAL OF THE DECEMBER 1 , 1988 IDC MINUTES.
Don Smith made a motion to approve the December 15th
IDC minutes, seconded by R n Hoglund and without
further discussion the min tes stand approved as
written.
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3. CONSIDERATION TO REVIEW TH FINAL DRAFT OF THE ORDINANCE
ESTABLISHING AN EDA AND TH GREATER MONTICELLO ENTERPRISE
FUND GUIDELINES/POLICIES, illD THE RECOMMENDATION OF EDA
BOARD MEMBERS.
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Jeff O'Neill reported to t
Pat Pelstring of Business
the authorization of an Ec
participate as a limited p
by the Minnesota legislatu
EDA to participate in deve
the EDA will be exposed on
cash investment and/or qua
as each individual transac
implication on additional
potential ways to utilize
1) real estate investment,
3) venture capital and/or
stated the limited partner
for the EDA and the City C
ordinance within 21 days i
attorney has a copy of the
Monticello Enterprise Fund
Arve Grimsmo made a motion
of the EDA Ordinance and a
a copy of the documents be
days prior to the IDC's Fe
was seconded by Lowell Sch
passed unanimously.
e IDC that he had contacted Mr.
eve10pment Services, Inc concerning
nomic Development Authority to
rtner. This provision was included
e to provide the opportunity for
opment. As a limited partner,
y to the extent of its actual
anty. This protects the EDA
ion would not have a direct
r future transactions. Three
he limited partnership are
2) equipment financing. and
quity investment. Mr. O'Neill
hip allows greater flexibility
uncil may change the EDA
so determined. The city
EDA Ordinance and the Greater
Policies for review and opinion.
to approve the preliminary draft
ter the city attorney's opinion
mailed the IDC members several
ruary 16th meeting. Motion
upp and with no further discussion
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3.
CONTINUED.
IDC Minutes - 1/19/89
Mr. O'Neill pro ceded to inform the IDC that the Greater
Monticello Enterprise Fund Guidelines are the working
document for the EDA. Linda Mielke, Mr. O'Neill, and
Koropchak reviewed the pol"cies and made small numerous
changes in the policies.
over-all guidelines for th
a motion to approve the pr
Guidelines with formal ado
review and opinion and upo
of the UDAG repayments. M
Dennis Taylor and without
carried unanimously. Koro
will consist of seven memb
members appointed by the C
by the IDC for approval by
committees recommendation
Schwientek, Hospital Execu
Certified Public Accountan
or Tom St. Hilaire. HRA me
appointed by the IDC. Mr.
contacted by the subcommit
due to CPA work ethic as t
The IDC selected A1 Larson
Ron Hoglund and Harvey Ken
the EDA board representing
recommended to the City Co
Kendall, Barb Schwientek.
Recommendation by consensu
4.
CONSIDERATION TO ANALYZE
OF THE 1989 IDC GOALS.
r. O'Neill highlighted the
IDC. Harvey Kendall made
1iminary draft of the GMEF
tion after the city attorney's
verification of the use
tion was seconded by
urther discussion the motion
chak explained the EDA Board
rs, two of which are Council
unil. and five members recommended
the City Council. The sub-
or EDA members are Barb
ive Director; Bob Mosford.
; Al Larson, HRA Chairperson
ber; and two IDC members
Rick Borden had been
e prior to Bob Mosford but
e City's Auditors he declined.
because of HRA Chairperson.
all volunteered to be on
the IDC. EDA Board members
ncil are Ron Hoglund, Harvey
ob Mosford, and Al Larson.
of the IDC.
E 1988 IDC GOALS AND RECOMMENDATIONS
Chairperson Johnson outlined a comparison of changes and additions
between the 1988 and 1989 IDC Goals as recommended by the
subcommittee of Don Smith, Shelly Johnson and Ollie Koropchak.
Two important personal go Is of the IDC Chairperson for 1989
are G. To continue our study of sewer and water book-up
charges and rates ....... and P. To continue researching the
airport issue for Montice 10. The IDC reommended to visit
at least ten industries 0 businesses during 1989. Don
Smith made a motion to ap rove the 1989 IDC Goals as
recommended and with IDC dditions, inclusive of the goals
to be reviewed in July. ale Lungwitz seconded the motion
and with no further discu sion the motion carried unanimously.
Chairperson Johnson thank d Don Smith for his valuable input
in establishing the reco ended goals.
IDC Minutes - 1/19/89
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5. CONSIDERATION OF THE IDC Y AR END FINANCIAL REPORT AND THE
ESTABLISHMENT OF THE PROPO ED 1989 IDC BUDGET.
Koropchak presented the 10
Financial Reports for the
State Bank and Security Fi
and a copy of the total co
four years. Koropchak had
submitted to Lowell Schrup
for the portion due of the
salary as a reduction alth
Don Smith recommended the
after Lowell Schrupp has c
the EDD's salary billed th
with copies of the Year End
ccounts at the Wright County
ancial Banking and Savings
parisons for the previous
shown the $15,541.93 statement
by the City of Monticello
Economic Development Director's
ugh payment hasn't been made.
DC accept the year end report
ntacted Rick Wolfsteller regarding
IDC to include or not include benefits.
The IDC discussed the of establishing authorized
co-signatures for all IDC inancial holdings on deposit
to avoid any possible IDC embarrassment. Treasurer
Lowell Schrupp felt comfortable with the idea as it also
protects himself and he iformed the IDC that Ron Hoglund's
name is currently on the accounts at both Wright County
State Bank and Security F nancial however only one signature
is required for transacti n. Koropchak verified with
Rick Wolfsteller on his w"llingness to audit the IDC Financial
Books annually, Mr. Wolfs eller agreed to do so.
Ken Maus made a motion fo the IDC to draft a resolution
authorizing Lowell Schrup , Ron Hoglund, and Shelly Johnson
as eligible co-signatures on all IDC financial holdings
on deposit with the requi ement of two signatures for
any financial transaction The motion included authorizing
Rick Wolfsteller to audit all IDC Financial Books annually.
The motion was seconded b Linda Mielke, with discussion
to have the resolution dr fted for adoption at the next
IDC meeting.
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6.
CONSIDERATION OF RECOMMEN ED ADDITIONAL IDC MEMBERS.
Ron Hoglund reported he h
IDC membership and Mr. Po
however Mr. Hoglund said
and confirm the decision.
Don Smith reported he had
membership and Mr. Peters
Smith advised Koropchak t
the responsibilities of a
It was suggested the IDC
.
d spoke to Dale Pogatchnik about
atchnik expressed an interest
e'd take Mr. Pogatchnik to lunch
spoke to Dave Peterson about IDC
n also expressed interest. Mr.
contact Mr. Peterson to explain
IDC member and to confirm his decision.
eet in the Council Chambers.
IDC Minutes - 1/19/89
7. REPORTS. CUSTOM SHEET META - the last meeting between
the owner and Kor pchak indicated the remaining
interest of the c mpany to relocate to the
Monticello Indust ial Park. The company's
financial needs a e for package using TIF
and the GMEF. The owner plans to apply for
both with a spri g/summer construction.
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CONSTRUCTION FIV - The City Council having denied
the use of TIF f r the installation of the storm
sewer along the asterly boundary of Outlot A
which would allo Construction to construct the
proposed plan an meet the requirements of city
set backs, green space and parking. The Council
ruled the use of TIF as undesirable because city
staff views the torm sewer installation as a
potential mainte ance detriment. Upon notification
to the developer of the Council's decision, they
requested the H meet with them and again hear
their rationale or the use of TIF. This meeting
was held with th developer listing eleven reasons
why they felt th s was an acceptable use of TTF.
The HRA approved the use of TIF for the installation
of the storm sew r along Outlot A and along Lauring
Lane. City staf is requesting a feasibility study
be completed the efore the Council needs to authorize
such a study at the next Council meeting.
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GENEREUX - Koropchak requested the IDC complete
confidentiality of this company and expressed
the company has not contacted either Jeff O'Neill
or Koropchak.
BONDHUS CORPORA
been contacted
small summer ex
jobs and the co
IDC as they see
use permit.
SUNNY FRESH FOO
with the city s
to why the inte
item for the co
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ION - Koropchak reported she had
y the company of their planned
ansion which includes additional
pany requests the support of the
the potential need for a conditional
S, INC. - Indicated disatisfaction
aff response of a written request
ruption of water services, a costly
pany.
IDC Minutes - 1/19/89
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8. CONSIDERATION OF AN UPDATE F THE LOCAL AIRPORT.
Harvey Kendall' expressed th t Jim Hollow~y indicated:-_:to him the
request for the City to sno plow the airport which needs
Council approval. Jeff O'N ill informed the IDC that he
contacted Ron Lloyd at MNDO Aeronautic Division for the
City to receive State or Federal funding the airport
can't be privately owned. Consideration of selling
the airport to the city at a reasonable price is foreseeable
by the current owner who i dicates option of additional land
to the north by a willing eller. __Mr\'Lloyd informed O'Neill
that the study three years ago indicated the present location was
not a good site because of the need for ~ 2200 foot clearance at both ends
of a 3500 foot runway, 40- ratio, and northwestly to southeastly
runway. The first need wo ld be proper zoning. Arve Grimsmo
asked Harvey Kendall how m ch land NSP owned over toward
Becker. Mr. Kendall wasn' sure. Chairperson Johnson
expressed his concern of t e importance of an airport for
continued development of t is area. Mr. O'Neill is to
continue with the research for an airport expansion.
9. OTHER BUSINESS.
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Arve Grimsmo informed the
close their Lake Street of
a northwest location of th
of a major distribution ce
10. ADJOURNMENT.
DC of Sears Roebucks plans to
ice/store and are looking at
Metro area for the construction
ter.
The IDC adjourned by the censensus of the committee.
Members absent at the meeting were Rick Wolfsteller,
Jay Morrell, and Jim Krug r.
~ \'(AC~~
Ollie Koropchak
Executive Secretary
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JOINT POWERS AG EEMENT
FOR ASSISTING CERTAIN ECONO IC DEVELOPMENT AND
REDEVELOpr1ENT ACTIVITIES OF THE CI Y OF MONTICELLO, MINNESOTA
This JOINT PCMERS AGREEMENT (the "Agreeme t") is entered into as of
the day of ,19 ,by and b tween the City of Monticello, a
municipal corporation of the State of Min esota (the "City"), the Housing
and Redevelopment Authority in the City 0 Monticello (the "BRA") , and the
Economic Development Authority of the cit of Monticello (the"EDA").
WITNESSETH:
WHEREAS, pursuant to Minnesota statutes, ections 469.001 to 469.047,
inclusive, as amended, the City has estab ished the BRA for the purpose of
assisting and coordinating certain economic development and redevelopment
activities of the CitYi and
WHEREAS, pursuant to Minnesota Statutes, ection 469.090 to 469.108,
inclusive, as amended, the City has established the EDA for the purpose of
assisting and coordinating certain other conomic development and
redevelopment activities of the City, including the management of the
Greater Monticello Enterprise Fundi and
WHEREAS, in order to promote the public ealth, welfare, and property of
the citizens of the City, the City, BRA, and EDA have determined that the
feasibility of assisting certain economi development and redevelopment
activities of the City will be enhanced 'f the activities undertaken are
jointly coordinated by the City, BRA, an EDAi and
WHEREAS, pursuant to Minnesota Statutes,
and EDA possess the power to enter into
or cooperatively any powers common or si
individually except for the territorial
be exercisedi and
Section 471.59, the City, BRA,
n agreement to exercise jointly
ilar to the City, HRA, and EDA
imits within which the powers may
WHEREAS, the City, HRA, and EDA desire t jointly exercise any similar
powers individually granted to them by M"nnesota Statutes, Chapter 410,
the Monticello City Charter, Sections 46 .001 to 469.047, inclusive, as
amended, and sections 469.090 to 469.108 inclusive, as amended, which may
be necessary to effectively and efficien ly assist with the implementation
of certain economic development and rede elopment activities of the City;
and
WHEREAS, the City, HRA, and EDA desire t
which they would jointly exercise common
the implementation of certain economic d
activities of the CitYi and by resolutio
City, BRA, and EDA have approved this Ag
directed their respective mayor, executi
administrator and secretary to execute t
City, HRA, and EDAi and
enter into an agreement under
or similar powers to assist with
velopment and redevelopment
s of the governing bodies of the
eement and have authorized and
e director, president, city
is Agreement on behalf of the
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Joint Powers Agreement
Page 2
NOW, THEREFORE, in consideration of the utual covenants and obligations
contained herein, the City, HRA and EDA, through their respective
governing bodies, do hereby agree as fol ow:
1. The EDA shall serve as agent of the ity for administration and
management of the Greater Monticello Enterprise Fund.
2. The EDA has the right to carry out a 1 powers and duties of the EDA as
defined by State Statutes and Montie 110 City Ordinance No.
3.
The HRA shall continue to carry out
development and redevelopment activi
State Statute 273.74 (Establishing,
Plan) .
nd administer economic
ies of the City associated with
odifying Tax Increment Financing
4. The City shall allow the transfer of up to $200,000 to the Economic
Development Authority for the purpos of funding the Greater
Monticello Enterprise Fund. Funds s all be transferred to the Greater
Monticello Enterprise Fund increment lly as loan requests are approved
by the EDA. Revenue generated by pr'ncipal and interest paYments on
loans shall be managed by the EDA an become the source of future
Greater Monticello Enterprise Fund 1
Except when previously pledged by th Authority, the City Council may,
by resolution, require the Authority to transfer any portion of the
reserves generated by activities of t e Authority that the City
Council determines are not necessary or the successful operation of
the Authority to the debt service fun s of the City to be used solely
to reduce tax levies for bonded indeb edness of the City.
5. The City Council reserves the right t review and reject economic
development and redevelopment activit'es carried out through the HRA
and EDA within a 21-day period follow"ng the date of respective
actions.
6. This Agreement shall be terminated up n the mutual written agreement
among the City, HRA, and EDA. Upon t e termination of this agreement,
property, whether real or personal, a quired hereunder shall revert to
the three units of government of the ity of Monticello in proportion
to said units' respective contributio to the acquisition of the
property.
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Joint Powers Agreement
Page 3
IN WITNESS WHEREOF, the city, BRA, and E A have each caused this Agreement
to be executed on its behalf by its duly authorized offices and their
respective seals to be hereunto affixed, all as of the day and year first
written above.
C TY OF MONTICELLO, MINNESOTA
B
Its
B
Its
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ORDINANCE AME MENT NO.
THE CITY COUNCIL OF MONTICELLO HEREBY 0 AINS THAT THE FOLLOWING SECTION
PERTAINING TO THE ECONOMIC DEVELOPMENT A THORITY BE ADDED AS FOLLOWS:
ECONOMIC DEVELO MENT AUTHORITY
SECTION:
2-3-1:
2-3-2:
2-3-3:
2-3-4:
2-3-5:
2-3-6:
2-3-7:
Creation
Officers and Meetings
Staff
Functions, Powers, and Duties
Limitations of Power
Budget and Annual Report
Modification
AN ORDINANCE OF THE CITY OF MONTICELLO, IGHT COUNTY, MINNESOTA PROVIDING FOR
THE CREATION OF AN ECONOMIC DEVELOPMENT UTHORITY.
WHEREAS, the City Council for the City 0 Monticello (herinafter referred to as
the "City") has the authority to establi h an Economic Development Authority
(hereinafter referred to as the "Authori y") pursuant to Sections 469.090 to
469.108, inclusive, as amended, (the "Ac ") of the Minnesota statutes; and
WHEREAS, all due process requirements fo
including the public hearing, have been
the establishment of the Authority,
et; and
t~EREAS, based on all information presen , the City Council hereby finds that
the establishment of an Economic Develop ent Authority is in the best interest
of the City.
NOW, THEREFORE, THE COMMON COUNCIL FOR T E CITY OF MONTICELLO DO ORDAIN that an
Economic Development Authority to be kno n as "the City of Monticello Economic
Development Authority" is hereby establi hed pursuant to Sections 469.090 to
469.108, inclusive, as amended, of the M"nnesota Statutes which Authority shall
operate according to this ordinance enac ed pursuant to the charter of the City
on the following terms and conditions wh"ch shall be adopted as the By-laws of
the EDA.
2-3-1:
CREATION:
(A)
The Economic Development
members to be appointed b
Council.
uthority shall be composed of 7
the Mayor and confirmed by the City
(B)
Two of the members shall
terms of office of the t
coincide with hisfher re
the City Council.
e members of the City Council. The
members of the City Council shall
ining term of office as a member of
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Ordinance Amendment No.
Page 2
2-3-2:
(C) The remalnlng five (5) me ers shall be initially appointed for
terms other than the term being served by a member of the City
Council. Those initially appointed, including Council Members
serving on the EDA, shall serve for terms of one, two, three,
four, and five years resp ctively and two members for six
years. If the two Counci members appointed to the EDA have
Council terms that coinci e, then their terms of service on the
EDA shall also coincide. Thereafter, all commissioners shall be
appointed for six-year te ms, except that any person appointed
to fill a vacancy occurri g prior to the expiration of the term
which his/her predecessor has been appointed, shall be appointed
only for the remainder of such term. Upon the expiration of
his/her term of office, t e member shall continue to serve until
his/her successor is app inted.
(D) All members shall serve t the pleasure of the City Council.
vacancies shall be fille by appointment by the Mayor with the
confirmation of the city council.
(E) The City Council shall m ke available to the Authority such
appropriations as it dee fit for salaries, fees, and expenses
necessary in the conduct of its work. The Authority shall have
authority to expend all udgeted sums so appropriated and
recommend the expenditur s of other sums made available for its
use from grants, gifts, nd other sources for the purposes and
activities authorized by this resolution.
(F) A Commissioner may be re ved by the City Council for
inefficiency, neglect of duty, or misconduct in office. A
Commissioner shall be re ved only after a hearing. A copy of
the charges must be give to the commissioner at least 10 days
before the hearing. The Commissioner must be given an
opportunity to be heard 'n person or by the counsel at the
hearing. When written c arges have been submitted against the
Commissioner, the City C uncil may temporarily suspend the
Commissioner. If the Ci y council finds that those charges have
not been substantiated, he Commissioner shall be immediately
reinstated. If a commis ioner is removed, a record of the
proceedings together wit the charges and findings shall be
filed in the office of t e city Administrator.
OFFICERS AND MEETINGS:
(A) The Authority shall elect a president, vice president,
treasurer, assistant tr asurer, and secretary annually. A
member must not serve a president and vice president at the
same time. The other 0 fices may be held by the same member.
The offices of the seer tary and assistant treasurer need not be
held by a member.
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Ordinance Amendment No.
Page 3
2-3-3:
2-3-4:
(B)
The Authority shall adopt
with the provisions of th
Statutes, Section 469.096
proper execution and cond
shall adopt by-laws and r
the transaction of its bu
attendance at its meeting
findings, and determinati
each question requiring a
voting, indicating such f
shall be a public record,
law as non-public data.
rules and precedures not inconsistent
ordinance or as provided in Minnesota
and as may be necessary for the
ct of the business. The Authority
les to govern its procedures and for
iness and shall keep a record of
and/or resolutions, transactions,
ns showing the vote of each memeber on
vote, or if absent or abstaining from
ct. The records of the Authority
except for those items classified by
(C) The Authority shall meet t least quarterly. Special meetings
may be called by the Chai person as needed.
(D) All administrative proced res including contract for services,
purchases of supplies, an financial transactions and duties
shall be outlined in the y-laws of the Authority.
STAFF:
(A) The Economic Development irector shall be designated as
Executive Director of the Authority.
(B)
Subject to limits set by
available, the Authority
experts as may be deemed
expenses as may be necess
affairs.
FUNCTIONS, POWERS, AND DUTIES:
he appropriations or other funds made
ay employ such staff, technicians, and
roper, and may incur such other
ry and proper for the conduct of its
(A) Except as specifically Ii ited by these provisions in Section 5
of this Ordinance, the Authority shall have the authority
granted it pursuant to Min esota Statutes 469.091 - 469.107, or
other law.
(B)
The Authority shall manage
Fund (the "Fund") the purp
development by making loan
shall make loans to eligib
serve a public purpose as
Enterprise Fund Guidelines
Guidelines are hereby adop
BY-Laws of the EDA. No ch
made without approval of t
the Greater Monticello Enterprise
se of which is to encourage economic
to private businesses. The EDA
e businesses and such loan(s) shall
efined in the Greater Monticello
(Fund Guidelines). The Fund
ed by reference and included in the
nges to the Fund Guidelines shall be
e Ci ty Council.
(C) The Authority may be a lim"ted partner in a partnership whose
purpose is consistent with the Authority's purpose.
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__..'.'Jt.".
Ordinance Amendment No.
page 4
2-3-5:
(D)
The Authority may issue g
bonds when authorized by
for the bonds and the ful
City or such revenues as
by the Authority.
neral obligation bonds and revenue
he City Council and pledge as security
faith, credit and resources of the
ay be generated by projects undertaken
e with or act as agent for the federal
tate public body, or an agency or
nment or other public body to carry
by the act or any other related
aw in the area of economic development
(F) The Authority may annual 1 develop and present an economic
development strategy and resent it to the city Council for
consideration and approva .
(E)
The Authority may coopera
or state government or a
instrumentality of a gove
out the powers granted it
federal, state, or local
district improvement.
(G) The Authority may join an official, industrial, commercial, or
trade association, or oth r organization concerned with such
purposes, hold reception f officials who may contribute to
advancing the city and it economic development, and carry out
other appropriate public relations activities to promote the
City and its economic dev lopment.
(H) The Authority may perform
lawfully assigned to it b
All City employees shall,
time, furnish the Authorit
available records or infor
work. The Authority or it
performance of official du
examinations or surveys in
City agents or employees,
are required for the perfo
carrying out the purposes
LIMITATIONS OF PCWER:
other duties which may be
City.
request and within a reasonable
or its employees or agents such
ation as may be required in its
employees or agents may, in the
ies, enter upon lands and make
the same manner as other authorized
nd shall have such other powers as
mance of official functions in
f this Resolution.
(A) The Authority may not exer ise any specific powers contained in
the Act, or Minn. Stat. 46 , and Minn. Stat. 469.124-469.134
without the prior approval of the City Council.
(B)
Except when previously pIe
Council may, by resolution
any portion of the reserve
Authority, that the city C
for the successful operati
service funds of the City,
levies for bonded indebted
ged by the Authority, the City
require the Authority to transfer
generated by activities of the
uncil determines are not necessary
n of the Authority, to the debt
to be used solely to reduce tax
ess of the City.
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Ordinance Amendment No.
Page 5
2-3-6:
2-3-7:
(C)
All official actions of
the adopted cornprehensiv
controls implementing th
he authority must be consistent with
plan of the City and any official
comprehensive plan.
(D) The sale of all bonds or obligations issued or levying of taxes
by the Authority shall b approved by the City Council before
issuance.
(E) The affairs of the Autho ity shall be limited to promoting the
growth and development 0 commercial and industrial concerns in
the City of Monticello.
(F)
The Authority must submi
management practices to
administrative structure and
he City Council for approval.
(G) The Authority shall subm t all planned activities for
influencing the action 0 any other governmental agency,
subdivision or body to t e City Council for approval.
BUDGET AND ANNUAL REPORT:
(A) The Authority shall prep re an annual budget projecting
anticipated expenses and sources of revenue. The Authority must
follow the budget process for City Departments as provided by
the City and as implemen ed by the City Council and Mayor.
(B) The Authority shall prepare an annual report describing its
activities and providing n accurate statement of its financial
condition. Said report s all be prepared and submitted to the
City of Monticello by Mar h 1st each year.
MODIFICATIONS:
(A) All modifications of this ordinance must be in written form and
must be adopted in accord nce with the charter of the City.
Adopted this 13th day of March, 1989.
Rick Wolfsteller
City Administrator
K n Maus, Mayor
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GREATER MONTICELLO ENT RPRISE FUND GUIDELINES
250 EAST BROADWAY
MONTICELLO, MINNESOTA 55362
(612) 295-2711
The purpose of the Greater Monticello Enterprise Fund (GMEF) is to encourage
economic development by supplementing co ventional financing sources available
to existing and new businesses. Through this program administered by the
Economic Development Authority and participating lending institution(s), loans
are made to businesses to help them meet a portion of their financing needs.
All loans must serve a public purpose by complying with four or more of the
criteria noted in the next section. It's the responsibility of the EDA to
assure that loans meet the public purpos standard and comply with all other
GMEF policies as defined in this documen. Along with establishing the
definition of public purpose, this docu nt is designed to outline the process
involved in obtaining GMEF financing.
DEFINITION OF UBLIC PURPOSE
hy businesses that create new jobs.
1. To provide loans for credit
2. To provide loans for credit
community tax base.
hy businesses that would increase the
.
3. To assist new or eXisting indus rial or non-competitive commercial
businesses to improve or expand their operations. Loans will not be
provided for businesses in dire t competition with existing businesses
within the city of Monticello.
4. To provide loans to be used as secondary source of financing that is
intended to supplement conventi na1 financing (bank financing).
5. To provide loans in situations n which a funding gap exists.
6. To provide funds for economic d velopment that could be used to assist
in obtaining other funds such a Small Business Administration loans,
federal and state grants, etc.
THE GREATER MONTI ELLO ENTERPRISES
REVOLVING LOAN FUND POLICIES
I. BUSINESS ELIGIBILITY
* Industrial businesses
* Non-competitive commercial busi esses which enhance the community
* Businesses located within the c ty of Monticello
* Credit worthy existing business s
* Non-credit worthy start-up busi esses with worthy feasibility
. studies (Deny all historical n n-credit worthy businesses)
* $10,000 loan per each job creat d, or $5,000 per every $20,000
increase in property market val ation, or $5,000 per every $20,000
increase in personal property u ed for business purposes, whichever is
higher.
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RLF Administration
Page 2
II. FINANCING METHOD
* COMPANION DIRECT LOAN - Exampl : Equity 20%, RLF 30%, and Bank 50%
(all s ch loans may be subordinated to the
primar lender(s) if requested by the primary
lender(s). The RLF loan is leveraged and the
lower interest rate of the RLF lowers the
effect"ve interest rate on the entire
projec .)
*
PARTICIPATION LOAN -
*
GUARANTEE LOANS -
III. USE OF PROCEEDS
*
*
*
RLF bu s a portion of the loan (the RLF is not
in a subordinate position, no collateral is
requir d by the RLF, and the loan provides a
lower interest rate.)
RLF gu rantees a portion of the bank loan.
(Perso al and real estate guarantees handled
separately. )
Real property Acquisition and evelopment
Real property Rehabilitation (expansion or improvements)
Machinery and Equipment
IV. TERMS AND CONDITIONS
*
LOAN SIZE -
*
LEVERAGING -
*
LOAN TERM
*
INTEREST RATE -
*
LOAN FEE -
Minimum of $5,000 and Maximum not to exceed
50% of the remaining revolving loan fund
balance; for example, if the remaining
revolvi g loan fund balance is $50,000, the
maximum loan issuance is $25,000.
Minimum 60% Private/public non-GMEF
Maximum 40% Public (GMEF)
Personal property term not to exceed life of
equipme t (generally 5 to 7 years).
Real Es ate Property maximum of five year
maturit amortized up to 30 years. Balloon
payment at 5 years.
Fixed r te of up to 2% below Minneapolis prime
rate.
Minimum fee of $200 but not to exceed 1% of
the tot 1 loan project. Fees are to be
documen ed and no duplication of fees between
the len ing institution and the RLF. Loan fee
may be "ncorporated into project cost. EDA
retains the right to reduce or waive loan fee
or port"on of loan fee.
....
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RLF Administration
Page 3
*
PREPAYMENT POLICY -
No pen Ity for prepayment.
* DEFERRAL OF PAYMENTS - 1. Ap roval of the EDA membership by
maj rity vote.
2. Ext nd the balloon if unable to refinance,
verification letter from two lending
institutions, subject to Board approval.
*
INTEREST LIMITATION
ON GUARANTEED LOANS -
Subject to security and/or reviewal by EDA.
*
ASSUMABILITY OF LOAN -
None.
*
BUSINESS EQUITY
REQUIREMENTS -
Subject to type of loan, Board of Directors
will de ermine case by case, analysis under
normal ending guidelines.
*
COLLATERAL -
* Liens on real property in project (Mortgage Deed)
* Liens on real property in business (Mortgage Deed)
* Liens on real property he d personally (Subject to Board of
Directors - homestead exe pt)
* Machinery and equipment 1 ens (Except equipment exempt from
bankruptcy)
* Personal and/or corporate guarantees (requires unlimited
personal guarantees)
The Greater Monticello Enterprise Fund i operated as an equal opportunity
program. All applicants shall have equa access to GMEF funds regardless of
race, sex, age, marital status, or other personal characteristics.
ORGANI ATION
The Greater Monticello Enterprise Fund i
Monticello Economic Development Authorit
consisting of two Council members and fi
appointed by the Mayor and confirmed by
held on a quarterly basis. please see t
information on the structure of the orga
Monticello Enterprise Fund.
administered by the City of
(EDA) which is a 7 member board
e appointed members. EDA members are
he City Council. Formal meetings are
e By-Laws of the EDA for more
ization that administers the Greater
PARTICIPATING LENDI G INSTITUTION(S)
1. participating Lending Instituti n(s) shall be determined by the GMEF
applicant.
2. participating Lending Instituti n(s) shall cooperate with the EDA and
assist in carrying out the poli ies of the GMEF as approved by the
City Council.
...,
.
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RLF Administration
Page 4
3. participating Lending Instituti n(s) shall analyze the formal
application and indicate to the EDA the level at which the lending
institution will participate in the finance package.
LOAN APPLICATION/ADMI ISTRATIVE PROCEDURES
The EDA desires to make the GMEF loan ap lication process as simple as
possible. However, certain procedures m st be followed prior to EDA
consideration of a loan request. Inform tion regarding the program and
procedures for obtaining a loan are as f llows:
City Staff Duties:
The Economic Development Director, worki g in conjunction with the Assistant
City Administrator, shall carry out GMEF operating procedures as approved by
the EDA and Council. Staff is responsib e for assisting businesses in the loan
application process and will work closel with applicants in developing the
necessary information.
Application Process:
1. Applicant shall complete a prel'minary Loan Application. Staff will
review application for consiste cy with the policies set forth in the
Greater ~1onticello Fund Guideli es. staff consideration of the
preliminary loan application sh uld take approximately one week.
Staff will ask applicant to con
financing needs and indicate to
EDA on the potential loan will
lending institution.
2.
If applicant gains initial supp
preliminary loan application is
complete a formal application.
not approved by staff, the appl
approval of the preliminary app
scheduled meeting of the EDA.
act a lending institution regarding
applicant that further action by the
equire indication of support from a
rt from lending institution and if the
approved, applicant is then asked to
If the preliminary loan application is
cant may request that the EDA consider
ication at the next regularly
3. If preliminary loan application is approved, applicant shall complete
a formal application. Formal a plication shall include a business
plan which will include its man gement structure, market analysis, and
financial statement. Like do cum ntation necessary for obtaining the
bank loan associated with the p oposal is acceptable. Attached with
each formal application is a wr tten release of information executed
by the loan applicant.
4. City staff will meet with appli ant and other participating lender(s)
to refine plan for financing pr posed enterprise.
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RLF Administration
Page 5
5. City staff shall analyze the f rmal application and financial
statements contained therein t determine if the proposed business and
finance plan is viable. Staff may, at its discretion, accept the
findings of a banking institut'on regarding applicant credit and
financial viability of the project. After analysis is complete, City
staff shall submit a written r commendation to the EDA. A decision
regarding the application shal be made by the EDA within 60 days of
the submittal of a completed f rmal application.
6. The EDA shall have authority t approve or deny loans; however, within
twenty-one days of EDA approva , the City Council may reverse a
decision by the EDA to approve a loan if it is determined by Council
that such loan was issued in v'olation of GMEF guidelines.
7. Prior to issuance of an approv d loan, the City Attorney shall review
all contracts, legal documents and intercreditor agreements. After
such review is complete, theC'ty shall issue said loan.
ORIGINAL REVOLVNG LOAN FUNDING
"LETTER OF CREDIT" FROM MONTICELLO CITY COUNCIL - $200,000.00
SOURCE - City Liquor Store Fund
City shall transfer needed loan amount
individual loans are approved. Revenue
under the control of the EDA and shall
the City Council determines that reserv
successful operation of the Authority.
transferred to the debt service funds 0
tax levies for bonded indebtedness of t
establishing the Monticello EDA).
1. Staff shall submit quarterly
the status of the Monticello
rom existing accounts at such time that
reated through this program shall be
ot be transferred to City funds unless
s generated are not necessary for the
If such is the case, such funds must be
the City to be used solely to reduce
e City (see section 5 B. Ordinance
annual report detailing
FUND GUIDELIN S MODIFICATION
1. At a m1n1mum, the EDA shall re iew the Fund Guidelines on an annual
basis. No changes to the GMEF uidelines shall be instituted without
prior approval of the City Cou cil.
LOAN ADMI I STRATI ON
1.
City staff shall service City
to the loan, and shall assure
agreement.
'...
oan, monitor City position with regards
ity compliance with intercreditor
.
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RLF Administration
Page 6
2. All loan documents shall inclu e an inter creditor agreement which must
include the following:
A. Definition of loan default, agreements regarding notification
of default.
B. Agreements between lendi g institution and City regarding
reproduction of pertinent information regarding the loan.
3. All loan documentation shall in lude agreements between borrower and
lenders regarding release of privacy regarding the status of the loan.
.
.
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GREATER MONTICE ...LO ENTERPRISE
250 EAST 3ROADWAY
MONTICELLO, MINNESOTA
PRELIMINARY APPL CATION FOR LOAN
APPLICANT:
FIRM OR TRADE NAME:
BUSINESS ADDRESS:
(# & Street) (City & State) (Zip Code)
TELEPHONE: BUSINESS ( ) HrnE ( )
DATE ESTABLISHED: EMPLOYER I. D . #:
SOLE PROPRIETOR CORP )RATION PARTNERSHIP
MANAG :>MENT
NAME TIT ...E OWNERSHIP %
PROJECT LOCATION:
NEW BUSINESS EXISTING B USINESS
- -
TOTAL PROJECT COST ESTIMATE: $
PROPOSED USES: REQUEST:
LAND $ AMOUNT OF LOAN
EXISTING BUILDING MATURITY & TERMS
CONSTRUCTION REQUESTED
MACHINERY CAPITAL APPLICANT'S
WORKING CAPITAL EQUITY
OTHER LOAN PURPOSE
TOTAL USES $
PROPOSED BEGINNING DATE:
ESTIMATED COMPLETION DATE:
TITLE TO
PROJECT ASSETS TO BE HELD BY: OPEB ATING ENTITY ALTER EGO
- -
PARTICIPATING LENDER:
(Name) (Address)
( )
(Contact Person) (Telephone #)
PRESENT # OF EMPLOYEES: PROJECTED # OF EMPLOYEES
ADDITIONAL PROJECT INFORMATION:
APPLICANT SIGNATURE: DATE SIGNED:
- ,....
- - --
.
.
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~ h..ot ,,\L l '''J 10 I - / & 9 -;;W
PI.:."" <4'1 A()('jt.,r 7 J- D - 0 '57 - '+
RESOLUTION OF LODGE, ASSOCIATION OR OTHER SIMILAR ORGANIZATION
TO:
Wright County State Bank
(Name of Financial Institution I
P . 0 . Box 72 9
(Addressl
Monticello, MN 55362
(City, State and Zip Code)
Date:
A.
At a regular meeting of the organization named above, held on J anua
present. the following officers were elected for the ensuing year or until their
Name Title
Lowell SchruQQ____
IDC Treasurer
Sheldon Johnson
IDC Chairperson
Ronald Hoglund
Director
B.
If checked, under the rules of the organization named above, the persons liste
I]l: (1) Open deposit, savings and checking accounts in the name of this
Organization and bind this Organization to the terms and conditions
of any related account agreements.
[]: (2) Endorse checks, and orders forthe payment of money and withdraw
funds from this Organization's accounts on deposit with this Financial
Institution. This Financial Institution may charge this Organization for
all checks. drafts or other such orders for the payment of money drawn
on this Financial Institution, regardless of by whom Or by what means
the signatures (including facsimile signatures) may have been affixed,
so long as they resemble the signature specimens (including any
facimile signature specimens) that appear in section A. and contain
the proper number of authorized signatures for this purpose.
C.
D.
Y:
Monticello Industrial Development Committee
(Name of lodge, Association or Similar Org~njzation)
250 East Broadway
(Addressl
Monticello, MN
55362
(City, State and Zip Codel
Federall.D. Number:
41-6005385
19 , 19 ~ , at which a quorum was
uccessors are properly elected and determined to be qualified:
Signature Facsimile Signature
(!fusedl
above may'
2
a
Number of authorized signatures required for this purpose,
(3) Receive and send notices, including any notice regarding a change
in this resolution.
G
Number of authorized signatures required for this purpose: ._L-,
(41 Enter into a written lease for the purpose of renting and maintaining
a Safe Deposit Box in this Financial Institution.
Number of authorized persons required to gain access and to terminate
the written lease,_L .
This resolution revokes any prior resolution on file with this Financiallnstituti n and shall continue to have effect until express written notice of its rescission
or modification has been received, recorded and acknowledged by this Financial Institution.
E. X
AFFIX ~;EAL HERE
X
X
(Signature of Reti ing Officerl
(Signatura of Ratiring Officerl
(Signature of Retiring Offic H)
~ 1984 BANKERS SYSTEMS, INC., S1: CLOl'D, MN 5630' FORM OA.' 9/28/85
(Secretarv)
X
(Allest by a Director)
x
(Attest by a Directorl
x
.
#5058000868
RESO~~TI~;g~~ k~~~~ ~SOCIATION, OR OTHER SIMILAR ORGANIZATION
SfWfIfI''i fltlflS.CW. Y: MONTICELLO INDUSTRIAL DEVELOPMENT COMMIT'
TO:
(Name of Financial Institution)
(Nama of Lodge. Association or Similar Organization)
(Address)
250 East Broadway
(Addressl
P.O. Box 70
Monticello, MN 55362
(City. State and Zip Codel
Monticello, MN 55362
(City, Slate and Zip Code)
Date:
Federal 1.0. Number:
41-6005385
A. At a regular meeting of the organization named above, held on Janu r 1 , 19 ~, at which a quorum was
present, the following officers were elected for the ensuing year or until their successors are properly elected and determined to be qualified:
Name Title Signature Facsimile Signature
(Ifusedl
Lowell Schrupp
IDC Treasurer
Sheldon Johnson
IDC Chairperson
Ronald Hoglund
Director
.8.
If checked, under the rules of the organization named above, the persons lis ed above may:
[]: (1) Open deposit, savings and checking accounts in the name of this Number of authorized signatures required for this purpose:
Organization and bind this Organization to the terms and conditions f'TV . .
of any related account agreements. ~~ !3) R~ceive an.d send notices, including any notice regarding a change
r\T In thiS reSolution.
L.!l- (2) Endorse checks, and orders for the payment of money and withdraw
funds from this Organization's accounts on deposit with this Financial
Institution. This Financial Institution may charge this Organization for
all checks, drafts or other such orders for the payment of money drawn
on this Financial Institution, regardless of by whom or by what means
the signatures (including facsimile signatures) may have been affixed,
so long as they resemble the signature specimens (including any
facimile signature specimens) that appear in section A. and contain
the proper number of authorized signatures for this purpose.
2
[X
Numberof authorized signatures required forthis purpose: ?
(4) Enter into a written lease for the purpose of renting and maintaining
a Safe Deposit Box in this Financial Institution.
Number of authorized persons required to gain access and to terminate
the written lease: ?
C.
D.
This resolution revokes any prior resolution on file with this Financiallnstitu ion and shall continue to have effect until express written notice of its rescission
or modification has been received, recorded and acknowledged by this Fina cial Institution.
X
(Secretary)
AFFIX SEAL HERE
X
(Attest by . DireClorl
X
(Attest by a Director)
X
X
X
(Signature of Retiring Officerl
(Signature of etiring Officerl
(Signature of Retiring Offit ,:,rl
~ 1984 BANKERS SYSTEMS, INC.. S1: CLOUO, MN 56301 FORM OA-' 9/28/85
.
'"
.
March 6, 1989
Barb Nelson
Wright County State Bank
P.O. Box 729
Monticello, MN 55362
RE: Officers/Directors author zed to manage organizational finances.
Dear Barb Nelson:
This letter will serve as noti e that the Monticello Industrial
Development Committee has auth rized the following three officers/
director as co-signatures with a requirement of at least two
signatures to appear on all In us trial Developoment Committee
financial holdings with your f cility:
.
Lowell Schrupp
IDC Treasurer
Sheldon Johnson
IDC Chairperson
Ronald Hoglund
IDC Director
Please make the necessary adju tments to your records to reflect the
aforementioneed changes. If y u have any questions, please contact
me at 295-2711.
Sincerely,
Ollie Koropchak
IDC Executive Secretary
cc: File
.
MONTICELLO INDUSTRIAL DEVE OPMENT COMMITTEE
1989 MEMBERS IP
.
NAME
Sheldon Johnson
IDC Chairperson
Donald Smith
IDC Vice Chairperson
Lowell Schrupp
IDC Treasurer
Kenneth Maus
Monticello Mayor
Rick Wolfste1ler
Dale Lungwitz
Arve Grimsmo
.
Jay Morrell
Ronald Hoglund
Harvey Kendall
Dennis Taylor
Linda Mielke
Chamber Chairperson
OCCUPA ION
Superi tendent,
Indepe dent School
Distri t 11882
Editor Publisher,
Montic 110 Times
Owner, Golden Valley
Furnit re
Owner, Maus Foods
Admini trator, City
of Mon icello
Presid nt, Wright
County State Bank
Owner, Peterson-
Grimsm Funeral
Chapel
Owner, M & P Transport
Agency Owner, American
Family Insurance
Plant ffice Manager,
NSP Nu lear Plant
Owner, Taylor Land
Survey rs, Inc.
Branch Manager,
Securi y Financial
Saving and Banking
James Kruger Manage , National
Chamber Vice Chairperson Bushin , Inc.
.
Ollie Koropchak
IDC Executive
Secretary
Econom c Development
Direct r, City of
Montic 110
ADDRESS
District Office
P.O. Box 897
Monticello, MN 55362
P.O. Box 548
Monticello, MN 55362
P.O. Box 515
Monticello, MN 55362
508 Highway 25 South
Monticello, MN 55362
250 East Broadway
Monticello, MN 55362-9245
106 Pine Street
P.O. Box 729
Monticello, MN 55362
530 West Broadway
P.O. Box 815
Monticello, MN 55362
P .0. Box 477
Monticello, MN 55362
204 West 3 Street
P.O. Box 291
Monticello, MN 55362
108 Hillcrest Road
Monticello, MN 55362
219 West Broadway
P.O. Box 179
Monticello, MN 55362
307 Pine Street
P.O. Box 70
Monticello, MN 55362
P.O. Box 8
Monticello, MN 55362
250 East Broadway
Monticello, MN 55362
1989 IDC Membership
Page 2
.
NAME
Dale Pogatchnik
Dave Peterson
.
.
OCCUP ION
nt, First
1 Bank
Owner, Dave Peterson/
Montic 110 Ford-Mercury
ADDRESS
707 Pine Street
P.O. Box 239
Monticello, MN 55362
1-94 and Highway 25 South
P.O. Box 68
Monticello, MN 55362
..,.
1989
MONTICELLO INDUSTRIAL DEVELOP ENT COMMITTEE GOALS
.
A. To host or visit at least te new business/industry prospects
during 1989.
B. To continue working with ex.sting industries in Monticello.
1) To establish Business Retention Survey Teams.
C. To obtain propsects from ex. sting industries/businesses.
D. To attract one or more indu tries during 1989 that will be placed
on the tax rolls of the Mon ice110 community.
E. To revise and update promot.ona1 and advertising literature
including pamphlets or broc ures, and a video .tape.
.
F.
To create effective ways of
the Labor/Market Survey Data.
G.
To continue our study of se
rates, with the ultimate go
Council appropriate changes
with other communities, wit
recruiting business and ind
er and water hook-up charges and
1 of recommending to the City
in order for Monticello to compete
in the state of Minnesota, when
stry.
centives package that can be made
r in part, to prospective businesses
e will include:
Housing and Redevelopment Authority)
rise Fund (Economic Development Authority)
er Agencies:
ative Fund
I. To continue a positive, coo erative working relationship between
city staff and the lndustri 1 Development Committee.
H.
To finalize the financial i
available, either in total
and industries. This packa
* Tax Increment Financing
* State Programs
* Federal Programs
* Greater Monticello Enter
* Loans and Grants from Ot
Central Minnesota Init
Others
J. To continue the "Star City" program.
K. To encourage a developer to construct a speculative industrial
building.
L.
To enhance our committee's
agencies that are involved
1) To host a joint meeting
Mayor, City Administrat
Resources, MTED. Deadl
e1ationship with personnel of state
ith industrial development.
between the IDC officers, the City
on, and Bill Coleman, Development
ne April, 1989.
M. To continue monthly Industr.a1 Development Committee meetings and
to schedule special meeting as needed.
.
".
.
1989 IDC Goals
Page 2
N. To continue the annual lndu trial Development Committee Banquet.
1) To continue with a fall banquet date.
2) To continue with three oca1 industrial testimonies on the
program.
3) To continue with the 10 a1 industrial displays after research
to determine no competi ion with Expo.
o.
To continue utilization of
the Industrial Development
1) Recommend for appointme
he sub-committee structure within
ommittee.
t as need be.
P. To continue researching the airport issue for Monticello.
Q. To hold a joint meeting bet een the local Minnesota Legislators
and the IDC.
R. To continue the implementat"on of extended area metro services
to Monticello.
s. To continue the joint meeti g between the Planning Commission,
the HRA, the EDA, the IDC, nd the City Council. Deadline
before June, 1989.
.
T. To continue a positive rela ionship with the Chamber of
Commerce.
u. To establish authorized co- ignatures for all Industrial
Development Committee finan ial holdings on deposit and to
establish an annual audit of the IDC financial books by
City Administrator Rick Wolfste11er.
3/2/89
.
~
.
1989
MONTICELLO HOUSING AND RE EVELOPMENT AUTHORITY GOALS
MEMBERS: Al Larson, Chairpers n
Ben Smith, Vice Chai person
Lowell Schrupp
Everette Ellison
Tom St, Hilaire
Ollie Koropchak, Dir ctor/Executive Secretary
GOALS: A. To establish guide ines/policies for the use of
Tax Increment Fina cing.
B. To research the ho'sing stock and assist in the
provision of adequ te numbers and types of housing.
1. Higher quality elderly housing close to downtown
with a townhou e concept.
2. Elderly housin with total full services available.
3. Rehabilitation of existing low income homes.
C. To research and de ignate neighborhood substandard,
blight, or deterio ating areas for redevelopment.
.
D. To continue the jo nt meeting between the IDC,
the HRA, the EDA, he Planning Commission, and the
City Council.
E. To adhere to the J int Powers Agreement between
the HRA, the EDA, nd the City Council.
F. To consider a 1990 limited mill levy for redevelopment
project and planni g activities; and/or for inform-
ational and reloca ion services.
3/2/89
.
~
'e
1989
MONTICELLO CHAMBER OF CO RCE BOARD MEMBERS
CHAIRPERSON
L NDA MIELKE
S CURITY FINANCIAL BANKING AND SAVINGS
3 7 Pine Street
P o. Box 70
M ntice11o. MN 55362
2 5-4500
VICE CHAIRPERSON
ES KRUGER
N TIONAL BUSHING AND PARTS COMP~~Y
P O. Box 8
M ntice11o. MN 55362
2 5-2916
EXECUTIVE SECRETARY'
- - {i LIE KOROPCHAIC ~--~ ,-
M NTICELLO CHAMBER OF COMMERCE
P O. Box 192
M ntice11o. MN 55362
2 5-2700
~~;.'""I"~_..:_-.,.:."c_. '.',,'.-_...._...~
TREASURER
C DY BENOIT
M NTICELLO COMMUNITY EDUCATION
P.O. Box 897
M ntice11o. MN 55362
2 5-2915
.
PAST CHAIRPERSON
D CARLSON
F STER. FRANZEN & CARLSON AGENCY
P.O. Box 188
Monticello. MN 55362
295-2614
BOARD MEMBERS
JOHN MICHAELIS
GO LD BROTHERS
1-94 and Highway 25
Bo 368
Mo ticello. MN 55362
29 -2911
TERM EXPIRES
12/31/89
LI DA SMITH
LI TLE MOUNTAIN FLOWERS
P. . Box 695
Mo tice11o. MN 55362
29 -4040
TERM EXPIRES
12/31/90
.
TO MCDERMOTT
DA E PETERSON'S MONTICELLO FORD - MERCURY. INC.
1- 4 and Highway 25 TERM EXPIRES
Bo 68 12/31/91
Mo tice11o. MN 55362
29 -2056
CHAMBER MAILING ADDRESS: P.O. Bo 192. Monticello. MN 55362
CHAMBER OFFICE LOCATION: 250 Eas Broadway. Monticello. MN 55362
CHAMBER TELEPHONE NUMBER: (612) 2 5-2700
""
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.
1989
MONTICELLO CHAMBER OF CO ERCE GOALS
1. To continue and to research potential ways for greater
exposure of the Chamber of ommerce and its members.
2. To research the feasibility for the establishment of an
Executive Director for the ontice11o Chamber of Commerce.
3. To increase the 1989 Chambe of Commerce membership by
twenty percent.
4. To establish a line of comm nication to inform Chamber
members of current po1itica issues.
5. To draft and to adopt By-1a
Commerce.
Monticello Chamber of
6. To continue and to enhance he relationship between the
Industrial Development Comm ttee and the Chamber of Commerce.
7. To continue with and/or to xpand upon current Chamber of
Commerce activities:
.
a) Chamber/Educator Breakf st
b) Expo '89
c) Chamber Recognition Ban uet
d) Senior Achievement Awar s
e) Monticello Riverfest Ce ebration
f) Boy Scouts of America ( ontice11o Pack 270)
g) Miss Monticello Pageant Committee
h) Miss Monticello Float M intenance Fund
i) Christmas Lighting Fund
j) Chamber newsletter and rograms
k) Gift to new businesses
3/2/89
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A Cargill Company
Sunny Fresh Foods
Egg Products
206 W. Fourth' St., Box 428
Monticello, Minnesota 55362
427-7450, 612-295-5666
January 18, 1989
Monticello City Hall
250 E Broadway
Monticello, MN 55362
RE: Water Quality
Dear Honorable Mayor and City Council:
On Monday night, January 16, 1989, we
.an unknown substance in our water in
To assure product safety and quality
production. (three hours early) We a
were coming from our own plumbing.
for several hours until we thought th
began to notice flecks of
he Hard Cook Department.
or our customers, we ceased
sumed that the particles
e flushed all of our lines
y were clear.
upon starting our operation on Tuesda , January 17, 1989, we
noticed the particles again and immed'ately ceased production.
We called Monticello Public Works Dir ctor, John Simola. He
tested water throughout the city and ound problems throughout
the downtown area. John told me that the problem occurred due to
frost heaves disturbing the old water mains in the downtown area.
The long range solution he opined, Ii s in connecting our plant
into a new water main, which lies sou h of our building.
until the city is able to do this, it
assure ourselves of clear water in ou
have therefore installed five filters
Liquid Processing, and three in Furth
for th~se filters, installation, prod
loss, and other costs due to this unr
costs a facility like ours should not
is necessary for us to
food 'processing areas. We
(one in Hard Cook, one in
r processing). The cost
ction interruption, product
liable water supply, are
expect.
please advise us of your plans to pro ide us with a reliably
clean water supply to assure us of th clear water we need for
our operation.
.
'"