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EDA Minutes 04-10-2019MINUTES REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, April 10th, 2019 — 6:00 p.m. Mississippi Room, Monticello Community Center Commissioners Present: Steve Johnson, Jon Morphew, Tracy Hinz, 011ie Koropchak- White, Lloyd Hilgart and Jim Davidson Commissioners Absent: Bill Tapper Staff Present: Jim Thares and Angela Schumann 1. Call to Order Steve Johnson called the regular meeting of the EDA to order at 6:00 p.m. 2. Roll Call 3. Consideration of additional agenda items None. 4. Consent Agenda TRACY HINZ MOVED TO APPROVE THE CONSENT AGENDA. OLLIE KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 6-0. a. Consideration of approving Regular Meeting Minutes — March 13, 2019 Recommendation: Approve Regular Meeting Minutes — March 13, 2019 b. Consideration of approving Special Workshop Meeting Minutes (1) — March 13, 2019 Recommendation: Approve Special Workshop Meeting Minutes (1) — March 13, 2019. c. Consideration of approving Special Meeting Minutes (2) — March 21, 2019 Recommendation: Approve Special Meeting Minutes (2) — March 21, 2019. d. Consideration of approving payment of bills Recommendation: Approve payment of bills through March, 2019. Regular Agenda 5. Consideration of GMEF Loan in the amount of $118,500 for DNS Investments/Monticello RV Center Jim Thares introduced the item and noted that the item was brought forward as a pre - application during the March 10`h EDA meeting. He reminded the EDA that the project was for the development of a new 16,000 square foot RV Center along Chelsea Road. He noted that the developer had a funding cap of $218,000 and was seeking assistance through the EDA's GMEF loan in the amount of $118,500. The project would add eight new jobs to the Monticello workforce. It was noted that the developer would be seeking a loan through the Initiative Foundation for $99,500 to fill the remaining gap. Economic Development Authority Minutes — April 101', 2019 Page 1 14 Scott Kunz, Monticello RV, provided an update on the project to date. Steve Johnson asked Mr. Kunz if the Initiative Foundation (IF) had committed gap funding to the project yet. Kunz noted that they had not yet received the IF's funding commitment. He said the lead lender was working with the IF staff to process the request. Johnson expressed his preference for the delinquency time period to be 15 days rather than 30 days. Kunz indicated that he had no objections to a shorter delinquency period. OLLIE KOROPCHAK-WHITE MOVED TO ADOPT RESOLUTION #2019-03 APPROVING A LOAN AGREEMENT BETWEEN THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY (EDA) AND DNS INVESTMENTS, LLC (MONTICELLO RV CENTER) IN THE AMOUNT OF $118,500 AS GAP FUNDING FOR A PROPOSED RELOCATION -EXPANSION PROJECT WITH AN AMENDMENT TO LOAN AGREEMENT INDICATING A DELINQUENCY TIMELINE OF 15 DAYS. LLOYD HILGART SECONDED THE MOTION. MOTION CARRIED, 6-0. 6. Consideration of Update of Arts Program Activities - Sue Seeger Sue Seeger provided an update on the Arts Initiative. She noted that they would be celebrating the grand opening of the Monti Arts Building that the EDA owns at 349 W. Broadway on May 11 th. She explained that the building would be open to the public for arts programming and activities every second Saturday and Sunday of the month and every Monday afternoon and evening. Seeger also explained that she would be holding a fundraiser event called the Home Gala. Funds raised through the event would help pay for art supplies for the program. Seeger also explained her plans for parklets in the downtown. She noted that any work done in the open spaces of downtown would be moveable when redevelopment of various sites occurs. Seeger lastly noted that she has applied for a variety of grants. The Arts Initiative was recently awarded a grant through the Central Minnesota Arts Board to create a mural on the side of the Live! Laugh! Bloom! Building located at 108 Cedar Street. 7. Consideration of Authorizing Picnic Table Location Improvement Plans — Sue Seeger Jim Thares indicated that the Rotary Club of Monticello recently donated three picnic tables to the City of Monticello. He noted that he was looking for approval on the placement of these tables for the EDA owned sites along with the landscaping concepts at the sites. Sue Seeger proposed revealed a plan showing a picnic table be placed at 111 W Broadway and adjacent to 230 W Broadway. The location of the picnic table would leave the lots as versatile as possible. Thares indicated that the picnic tables would be delivered on April 19th and needed to be placed by the end of May. It was noted the third table would be placed in the empty lot near Wells Fargo. Economic Development Authority Minutes — April 101, 2019 Page 2 14 Tracy Hinz asked if there were other options for 111 W Broadway especially if the block redevelops. Steve Johnson noted that the dog park may be a good location for an additional table. TRACY HINZ MOVED TO AUTHORIZE PARKLET IMPROVEMENT PLANS FOR EDA OWNED PARCELS IN THE DOWNTOWN WITH DISCRETION TO WORK WITH CITY STAFF IN REGARDS TO BLOCK 52. JON MORPHEW SECONDED THE MOTION. MOTION CARRIED, 6-0. 8. Consideration of Authorizing Solicitation of Ouotes for Soil Borings in Block 52 Jim Thares noted that following discussions with potential developers of Block 52, staff asked for consideration of completing soil borings on property on Block 52. Thares indicated that it may be beneficial to complete the borings to understand groundwater and soil types especially as it relates to underground parking. Thares estimated the cost of the boring work would be roughly $13,000. A draft request for proposal was created by the City Engineer. 011ie Koropchak asked if the price would be better to complete the borings after the EDA would potentially purchase more land on block 52. It was noted that Steve Johnson completed five soil borings for the property he owns. That study was completed in 2003. JIM DAVIDSON MOVED TO AUTHORIZE ISSUANCE OF THE PROPOSED RFP FOR BLOCK 52 SOIL BORINGS. OLLIE KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 6-0. 9. Consideration of Update of Facade Improvement Grant Prostram Angela Schumann provided update of the Fagade Improvement Grant Program. She indicated that renderings were received from the Cuningham Group for six buildings in the downtown. These were presented to the property owners. As a part of the grant agreement, the applicant must receive two contractor quotes to be eligible. Staff have received two complete applications. Per the scope of work with the Cuningham Group, the applicants, staff, and the Cuningham Group can review the proposal. Schumann explained the importance of connecting the EDA with this project. She explained that Bill Tapper and her discussed the importance and he agreed to help out. 10. Director's Report Jim Thares provided the Economic Development Director's Report as indicated in the staff report. Thares explained in detail an update regarding the Workforce Development Committee. He noted that the Wright County Economic Development Partnership is leading this committee and recently received a grant of $7,000 to complete a needs study. The study is expected to be completed in July. Thares was hopeful that additional grants would be Economic Development Authority Minutes — April 101, 2019 Page 3 14 available following the completion of the study. Thares highly encouraged the EDA to attend the next Downtown Rounds meeting which was being held at Elevated Wellness on April 18". 11. Closed Session — Consideration of recessinp, to closed session to develop or consider offers or counter-offers for the purchase or sale of real or personal property pursuant to Minnesota Statute 13D.05, Subdivision 3(c)(3). Property Address: 300 4th Street East - PID #155-019-008010 12. Adiourn TRACY HINZ MOVED TO ADJOURN THE MEETING AT 6:47 P.M. LLOYD HILGART SECONDED THE MOTION. MOTION CARRIED, 6-0. Recorder: Jacob Thunander 0��r Approved: May 8, 2019 Attest:*imhares, tA Economic Development Director Economic Development Authority Minutes — April 101', 2019 Page 4 14