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EDA Agenda 05-29-2019 (Special Meeting)AGENDA SPECIAL MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, May 29th, 2019 — 4:30 p.m. Academy Room, Monticello Comm3nity Center Commissioners: President Steve Johnson, Vice President Bill Tapper, Treasurer Jon Morphew, Tracy Hinz, 011ie Koropchak-White and Council members Lloyd Hilgart and Jim Davidson Staff: Jeff O'Neill, Angela Schumann, EDA Executive Director Jim Thares, Jacob Thunander, Wayne Oberg 1. Call to Order 2. Roll Call 3. Consideration of Downtown Fa�ade Improvement Grant Program project status report, authorizing $50,000 in additional funding for Fa�ade Improvement Grant Program, and amending the Fa�ade Improvement Grant Program Guidelines 4. PUBLIC HEARING — Consideration of Adopting Resolution #2019-04 approving Fa�ade Improvement Grant Agreement with Tricambra Foods, Inc. dba Cornerstone Cafe 5. Consideration of Block 52 Redevelopment a. EDA Discussion - Impressions and Rankings of Developers b. Discussion of Next Steps in Block 52 Redevelopment Process 6. Consideration of Authorizing Solicitation of Quotes for WSRR Boundary Survey for entire Block 52 Area 7. Consideration of Authorizing Parks Department to place "Event" signage on EDA Property - 103 Pine Street 8. Consideration of Authorizing staff to attend 2019 EDA Summer Conference in Duluth, MN (June 13 and 14) 9. Economic Development Director's Report 10. Adj ournment EDA Agenda: OS/29/19 3. Consideration of a status update on the Downtown Fa�ade Improvement Grant Program, authorizing $50,000 in additional funding and direction on grant fund allocation for Fa�ade Improvement Grant Pro�ram, and amendin� the Fa�ade Improvement Grant Pro�ram (AS) A. REFERENCE AND BACKGROUND The pilot Downtown Fa�ade Improvement Grant Program was approved for initiation by the EDA in August, 2018. Project Status tlpdate Since the time of program approval, staff have been working with property owners within the proj ect area to determine level of interest and to assist them with completion of the application process. The EDA's architectural consultant, the Cuningham Group, has completed building fa�ade renderings for those property owners who submitted letters of interest, per the EDA agreement. Staff has prepared a spreadsheet summarizing proj ect status within the proj ect area to-date. Of the eight property owners within the proj ect area, six have responded with a formal letter of interest. For those who have expressed interest, staff have coordinated a number of individual and group meetings to continue moving the proj ect forward. At this time, only one property owner has completed a final full application for the project. The application will be considered in a public hearing during the special meeting on May 29th, 2019. One additional property owner has submitted an application, but is working to provide two comparable quotes. The other property owners are in various stages of application and obtaining comparable quotes for the work scope. Based on feedback received in preliminary quote information, the property owners will need to contribute more than the 5% minimum in order to complete improvements to the scope identified in the renderings, and/or find additional gap funding, based on a$50,000 project cap per building. Grant Fund In its approval for the pilot program, the EDA allocated $200,000 in grant funds from TIF District 1-6. In November, the EDA held a discussion relating to project interest at that time and the potential for an additional $50,000 allocation to the program. As noted earlier in this report, six property owners have expressed interest, and preliminary quote information is yielding individual project costs above the $50,000 to accomplish improvements in concert with the renderings. In reviewing the video and minutes related to that discussion, no formal motion was made to add to the original $200,000 grant fund. At this time, no additional action is requested. However, staff will continue to monitor EDA Agenda: OS/29/19 applications as they relate to the EDA direction on funding allocation, and will bring forward a formal motion as may be needed. It should be noted that the grant guidelines clearly state the project is on a first-come, first-served basis for funding. However, an action item is included should the EDA choose to formally authorize the addition of $50,000 at this time. Fund Allocation At this time, staff is seeking direction from the EDA on a funding formula. Clear direction from the EDA on how it will allocate grant funds will help communicate proj ect parameters to potential applicants. As the proj ect progresses, it is recognized that the projects are not equal in scale and scope, and the EDA may wish to allocate funds based on those factors. Item 4 provides detail on the completed application of Tricambra Foods. While only one application has been received to-date, staff believes that given that applicant's diligence in preparation, it was important to bring that application forward. It is recognized that the application may also help provide some foundation on how to develop a funding formula for the $200,000 pilot. Staff would offer the following formula options: 1. Grant award based on fa�ade square footage 2. Grant award based on project cost 3. Grant award based on project commitment 4. Grant award based on a combination formula Staff's recommendation is to allocate funding based on the square footage of the building. In doing so, the EDA is addressing the scope of improvements relative to the fa�ade size, as well as expanded improvements for corner properties. That funding alternative is explored further on the status spreadsheet provided. If the EDA would like to incentivize financial commitment by the property owner above the 5% minimum requirement, additional funding could also be added on to the facade square footage allocation. For example, for each additional 10% of proj ect support provided by the property owner, an additional specified dollar amount could be granted. However, this presents complications in managing the proj ect fund balance. If the EDA seeks to employ this incentive, the additional $50,000 in project funds be used in support. Fa�ade Improvement Grant Guideline Amendment Pending the outcome of the EDA's discussion on the fund allocation and any additional funding for the program, amendments to the Downtown Fa�ade Improvement Grant Guidelines may be needed. If the EDA implements a funding formula, staff would recommend amendment to include that information. If the EDA elects to award more than $50,000 to any single applicant, staff would recommend that the EDA amend its guidelines, as the current cap is $50,000. � EDA Agenda: OS/29/19 Action relating to amendment to the guidelines is included as a decision, if needed. B. ALTERNATIVE ACTIONS: Decision 1: Fund Allocation Motion to direct allocation of Fa�ade Improvement Grant Program funds as directed by the EDA. 2. Motion to table action for further discussion. Decision 2: Grant Fund Motion to authorize an additional $50,000 from TIF 1-6 to the Monticello Downtown Fa�ade Improvement Program. 2. Motion to table action based on further information. Decision 3: Grant Guideline Amendment Motion to direct staff to prepare amendments to the EDA Downtown Fa�ade Improvement Guidelines as directed by the EDA for fund allocation and amount. 2. Motion of no action. C. STAFF RECOMMENDATION: Staff recognizes that a proj ect of this nature requires time and commitment by all parties involved. As a pilot proj ect, much is being learned regarding costs and expectations. It is the request of staff the EDA discuss alternative funding formulas and provide direction in support of continued program work Initially, staff would recommend a funding formula based on the fa�ade square footage as the most equitable apportionment. D. 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The purpose of this grant program is to support a visually and financially appealing Downtown and greater Monticello community by providing grants to improve the fa�ade of existing Downtown commercial and retail buildings. ELIGIBLE BUSINESSES Commercial property located within the geographic area illustrated in Exhibit A of these guidelines may be eligible for a Downtown Fa�ade Improvement Grant ("Grant") as further defined herein. It is the goal of the EDA that 70% of the buildings within the eligible area complete improvements to their properties. The EDA has allocated a maximum of $200,000 for the initial Grant program. This is a pilot program, and additional areas and allocations will be considered at a future date. GRANT FUND TERMS & CONDITIONS Grant Structure F� Amount Individual grants may be made in an amount ranging from $5,000-$50,000. The Grantee must provide at least 5% of the project cost in cash. The Grantee percentage shall be used as the project down-payment, as may be required. Eligibility Requirements Tenants and property owners should discuss the grant program to determine responsibilities and commitment for application and its components. The owner of the property must be a co- signatory to the application and Grant agreement. The property owner must carry current property insurance both at the time of application and through completion of approved Grant improvements. Property taxes on the subject site must be current for the duration of the Grant. Applicants are not eligible to receive funding if the property to be rehabilitated is in default under a property mortgage, contract for deed or comparable obligation. An applicant/property owner is ineligible to receive assistance if currently involved in bankruptcy proceedings. Applicants may apply for only one Grant per building. Concurrent Grants F� Loans The concurrent use of different EDA grant or loan programs by any one borrower or for any one project is permitted. Business subsidy agreements may be required. Permitted Grant Uses Exterior renovation of front and corner side fa�ades of principal use retail or commercial buildings. An architectural rendering supplied and paid for by the EDA is required for use in determining final scope of work in consultation with the applicant and the applicant's selected contractor for any project. The cost of the rendering is a service of the EDA and shall not be included in the Grant amount. Architectural renderings will be considered for preparation after initial letter of interest by an applicant. Fa�ade renovation may include, but is not limited to: windows, doors, siding, brick, stucco, masonry, painting, steps, cornices, parapets, shutters, dormers, signage, awnings, and structural roof components and such improvements shall be guided by the architectural rendering- Interior side renovation proposals may be considered on a case-by-case basis. The applicant will work with a contractor to define final selected improvements using the architectural rendering as a guide. The architectural rendering with final selected improvements must be reviewed and approved by the EDA and will be included in final Grant documentation. The improvements must be completed in substantial conformity to the approved architectural rendering. The cost of the building permit for the approved Grant project will be included in the final Grant amount. CONSTRUCTION AND IMPROVEMENTS CODE COMPLIANCE As applicable, buildings for which public funds will be used within this program are to be brought into conformity with city ordinances and state building codes in effect for the area in which the building is located. It is the intent of the Downtown Fa�ade Improvement Grant Program to comply with the City's building standards for the Downtown/Central Community 2� °��� District (CCD). Please refer to the City's Downtown Small Area Plan and zoning ordinance for complete details as it relates to the standards governing this program's design guidelines. TIMING OF PROJECT EXPENSES No project may commence until the EDA has approved the Grant application and the Grant agreement. Any costs incurred prior to execution of the Grant agreement are not eligible expenditures. No building construction may commence until the required city permits are secured. Grant disbursements shall be as provided for within the Grant agreement and shall be made directly to the grantee/owner's contractor. The Grant agreement shall reference final contracts for improvements. COMMUNICATION Success of the project depends on the completeness of applications and good communication between all parties. Applicants should feel free to reach out to EDA staff with any questions at any time. PROCEDURAL GUIDELINES FOR APPLICATION AND APPROVAL The applicant shall meet with city staff to obtain information about the Grant program, discuss the project, and obtain application forms. The applicant shall complete and submit a letter of interest to the EDA. After review, the EDA will consider authorization of the facade rendering by the EDA's architectural consultant. Once the architect and applicant have completed the rendering process, the applicant must submit a formal application to the EDA for review. Applications will be received and reviewed on a first-come, first-served basis from the time of submission of a complete application. An inspection of the building may be required. The EDA is a governmental entity and as such must provide public access to public data it receives. Data deemed by Applicant to be nonpublic data under State law should be so designated or marked by Applicant. See Minnesota Statutes, Section 13.591, Subd. 1 and 2. The formal grant application will be reviewed by EDA staff to determine if it conforms to all city policies and ordinances, and will be presented to the EDA for formal approval, as follows: 1. Staff will complete a preliminary application review and may consult with the EDA's Financial Advisor and/or EDA Attorney in preparing a report for EDA consideration. 2. Staff will evaluate the project application in terms of the following: 3 � °��� a. Project Design - Evaluation of project design will include review of proposed activities, project construction and renovation plans including architectural rendering and final building elevations detailing selected improvements, time lines and capacity to implement the project. b. Financial Feasibility - Availability of funds, private investment, financial packaging and cost effectiveness, and bid-quote submissions. c. Evidence of applicant's ability to meet the 5% cash requirements. d. Letter of Commitment from other financing sources stating terms and conditions of their participation in the project, if applicable. e. All other information as required in the application and/or additional information as may be requested by the EDA staff. f. Project compliance with all applicable city codes and policies. The EDA Commissioners will review each application in terms of: a Its consistency with the goals of the city's Comprehensive Plan and Downtown Small Area Study. b. Whether it is desirable and in the best interests of the public to provide funding for the project. c. The project's overall potential impact on the community's economy. 4. The EDA Commissioners will approve or deny the application, or request a resubmission with clarifications, at the EDA's sole discretion. APPROVAL OR DENIAL OF GRANT APPLICATION The EDA, at its sole discretion, may deny any application if it is found not consistent with the goals of the city's Comprehensive Plan and Downtown Small Area Study, the project's overall impact on the community's economy, and the above criteria. GRANT POLICY REVIEW The above criteria will be reviewed on an annual basis to ensure that the policies reflected in this document are consistent with the economic development goals set forth by the city. COMPLIANCE WITH BUSINESS SUBSIDY LAW All developers/businesses receiving financial assistance from the City of Monticello EDA shall be subject to the City's Business Subsidy Policy as amended, and the provisions and requirements set forth under Minnesota Statutes, Sections 116J.993 to 116J.995. GRANT AGREEMENT If the application for a Grant is approved, the applicant/property owner will be required to enter into a Grant agreement to proceed. The Grant agreement will specify the terms and conditions of the Grant as identified herein. 4� °��� DISBURSEMENT OF GRANT FUNDS Upon approval of a Grant application, applicants are required to provide executed contracts with qualified, licensed contractors for work per the approved Grant plans. Contracts shall be consistent with the procedures and requirements herein. Grant funds will be disbursed to the contractor based on completion of work as outlined below. The City's Chief Building Official will verify completion of work. Upon verification of completion, payment will be dispersed per contract amount for the work completed based on submitted invoice. PROJECT CONTRACTOR PROCEDURES AND REQUIREMENTS A. PARTICIPATING CONTRACTORS: All contractors participating in the Downtown Fa�ade Improvement Grant Program must have a contractor's license on file with the Minnesota Department of Labor and Industry. The contractors will be responsible for securing insurance of the amounts specified on the application form. The application must contain proof of insurance coverage via a Certification of Insurance Coverage, and the contractor's registration and license number and bond. B. BID/QUOTE SOLICITATION: To participate in the Downtown Fa�ade Improvement Grant Program, the applicant must solicit bids or quotes from at least two vendors. An applicant is free to choose any contractor, provided the license requirements are met and the cost differential in the quotes received does not exceed 20%. C. CONTRACTOR CONTRACT: The contract for work is between the property owner (applicant) and the contractor. Each selected contractor will enter into a contract with the property owner. The contract will outline the terms for completion of the rehabilitation on the project and will include the following: 1. Scope of Work 2. Project Start Date; 3. Project Completion Date; 4. General Conditions; 5. Building Elevations and Architectural Drawings; 6. Special Conditions; 7. Project Warranties; 8. Change Order Procedures; 9. Payment Terms; 10. Termination Procedures. D. FAILURE TO START/COMPLETE PROJECT: Upon approval of the Grant agreement, the applicant and selected contractor will have 180 calendar days in which to complete the contracted work. The 180-day time period shall not be exceeded except through the issuance of a change order. Failure to complete any work within 180 days will be grounds to terminate the Grant agreement. E. PAYMENT PROCEDURES: All contractors will agree to the payment schedule, which is as follows: 1. Pre-payments for contracted services may be disbursed from an escrow account established with the EDA's specified agency. Such escrow account shall be administered per the Grant agreement. 2. Lien waivers are required for all contractors and sub-contractors before payment will be made. 3. Final payment for work completed, including any retainage amounts, will be made after work by a contractor is completed with verified receipts and costs incurred, the final inspection has been conducted and the Chief Building Official, property owner, and contractor have signed off on the work. F. CHANGE ORDERS: Change orders to the approved Grant project require the approval of the EDA. Change orders will be allowed only for the following reasons: 1. To rectify hidden deficiencies that are discovered once the work has begun. 2. To change a specification due to unforeseen difficulties arising after work has begun. 3. To address a deficiency that was inadvertently dropped from the project during project packaging. 4. To change completion dates. PROJECT COMPLETION The city's Chief Building Official will complete a final project inspection and issue a Certificate of Completion verifying project completion per the approved Grant plans. EXHIBIT A Geographic Program Limits l.li -,���� ,'ti�•��. 1xF�_l��'1 � , '.' -�' -+� "'�► ' , --��`-- .,�' * � � ��,,� . . .., , ,�' - � � a�, 1 � o�,�- . � - ` ` ' � i .'� -� ��r�, � � � � - � . � ;_- , 4` � �`" � � � .'� •'� . ; , � �,- �� `. .�, � � � �j�,. �,� , J � `�'� ` �i �� _ , :� � , �. r ' ;� I ���� +.- . � � '� t ��; � � 1 ��� ��"�'�!"!" f .. 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PUBLIC HEARING — Consideration of Resolution #2019-04 approvin� Fa�ade Improvement Grant Agreement with Tricambra Foods, Inc. dba Cornerstone Cafe A. REFERENCE AND BACKGROUND Tricambra Foods, Inc. dba Cornerstone Cafe has submitted an application for the Downtown Fa�ade Improvement Grant Program. Tricambra is located at the corner of Walnut and Broadway, and is considering improvements to both the front and street side facades. At this time, staff has requested that the applicant discuss their application with the EDA. The applicant has provided the following in satisfaction of the grant guidelines and application: • Completed Application • Project Plans — Rendering and Scope • Proj ect Quotes/Estimates (Minimum of two) • Property Legal Description Within the application form, Tricambra provides detail on proj ect impact and scope as required. Staff has confirmed that tax payments are current on the property. The applicant must also carry current insurance through completion of the grant proj ect. The applicant has provided two quotes to complete the work as depicted in the rendering provided by the Cuningham Group. The applicant has selected a contractor, Purpose Driven Restoration (PDR). Based on the quotes supplied, the applicant proposes to use the lowest quote. The total project cost is estimated at $149,335.88, not including building permit plan review and inspection fees, which are estimated at $2,500.00. In their application, Tricambra proposes a financial commitment of $40,000 for the project, or 26% of the total proj ect cost including permit fees. The estimated project cost is based on a revised project scope, which was updated by PDR following a meeting between staff, the applicant, the contractor and the Cuningham Group. The project involves the replacement of windows and trim on both the Broadway and Walnut facades, as well as new doors, stucco refinishing and painting, and front fa�ade awnings. The final quote also includes updated projecting business signage and historic plaque. The applicant and contractor are planning to attend the meeting to answer any questions on the proj ect proposal. Cuningham Group is in the process of completing an updated front fa�ade rendering which will include removal of the shutters, larger front fa�ade windows and color based on the applicant's direction. The original side elevation rendering is substantively similar to the final elevation detail. Completion of the final updated rendering is included within the scope of the EDA agreement with Cuningham for each property. The final rendering is required to be attached to the grant agreement and used as the required proj ect completion guide. EDA Agenda: OS/29/19 The applicant has not provided detail on financial commitment for the balance of the project funding at this time. With a project estimate of $151,835.88 including permit fees, less the applicant's $40,000 commitment, the project cost $111,835.88. The current grant guidelines stipulate a maximum of $50,000 in funding per business. Presuming full commitment of $50,000 by the EDA, the project gap will be $61,835.88. In discussing the funding gap with the applicant, they are prepared to discuss their plan for gap funding sources with the EDA. The EDA may elect to table action to allow the applicant to pursue the necessary financial commitment for the funding gap prior to final authorization. Alternatively, staff has included an alternative action which allows the EDA to approve the grant application pending financial commitment satisfactory to the EDA attorney for the project differential. A public hearing notice relating to the grant approval as a business subsidy has been published. At the time that a grant application is approved, the applicant will be required to provide a final contract from their selected contractor for staff and EDA attorney review. The contract shall include the final proj ect scope, rendering and proj ect timeline, in addition to the other requirements on Page 5 of the Fa�ade Improvement Program Grant Guidelines. B. ALTERNATIVE ACTIONS: Motion to table action on Resolution #2019-04 approving Fa�ade Improvement Grant Agreement with Tricambra Foods, Inc. dba Cornerstone Cafe, contingent on the following: 1. Financial commitment satisfactory to the EDA attorney for the remainder of the proj ect cost 2. Compliance with remaining grant guideline requirements 3. Execution of a grant agreement including final proj ect rendering and contractor contract meeting all program requirements 2. Motion to adopt Resolution #2019-04 approving Fa�ade Improvement Grant Agreement with Tricambra Foods, Inc. dba Cornerstone Cafe, contingent on the following: 1. Financial commitment satisfactory to the EDA attorney for the remainder of the proj ect cost 2. Compliance with remaining grant guideline requirements 3. Execution of a grant agreement including final proj ect rendering and contractor contract meeting all program requirements 3. Motion of other. C. STAFF RECOMMENDATION: Without clear direction on a funding formula and an understanding on how the funding gap for this proj ect will be filled, staff is unable to provide a recommendation at this time. As the EDA develops its position on a funding formula, staff will be able to work with � EDA Agenda: OS/29/19 Tricambra to complete the final proj ect components and application recommendation. It should be noted that the Tricambra/Cornerstone building is located at the corner of Walnut & Broadway. The Downtown Small Area Plan places an emphasis on this area, noting as a primary proj ect goal to "Shift the Center" of Downtown to the intersection of Walnut and Broadway. It is also hoped that as improvements begin under the Fa�ade Improvement Program, other property owners within the proj ect owner will take notice and move forward with their applications. D. SUPPORTING DATA: Resolution 2019-04 Grant Application Building Fa�ade Rendering (see previous item) Proj ect Quote Summary & Illustration Grant Agreement Template EDA RESOLUTION NO. 2019-04 RESOLUTION APPROVING A GRANT AGREEMENT BETWEEN THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY AND TRICAMBRA FOODS INC., DBA CORNERSTONE CAFE AND CATERING 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. The Authority is a grantor as defined in Minnesota Statutes, Sections 116J.993 to 116J.995, as amended (the "Business Subsidy Act"), and is authorized to grant financial assistance for private development, including grants. 1.02. The Authority and Tricambra Foods Inc. dba Cornerstone Cafe and Catering (the "Grantee") desire to enter into a grant agreement (the "Grant Agreement") for a Downtown Fa�ade Improvement Grant (the "Grant") to be used to pay a portion of the costs of certain fa�ade improvements, including replacement windows and stucco work (the "Improvement Costs") on certain real property located at 154 W. Broadway Street in the City of Monticello (the "Property"), in conformity to the Grant guidelines. 1.03. Pursuant to the Grant Agreement, the Authority will grant to the Grantee the sum of $50,000 (the "Grant") to reimburse a portion of the Improvement Costs. 1.04. Pursuant to Section 116J.993, Subdivision 3(1) of the Business Subsidy Act, the Authority is not required to hold a public hearing on the Grant because the Grant is in an amount less than $150,000, and is therefore not a business subsidy. However, the Authority has held a duly noticed public hearing concerning the Grant on the date hereof, and hereby finds, pursuant to Section 116J.994, subd. 4, that the purpose of the Grant is not the creation or retention of jobs. Therefore, notwithstanding the requirements of Section 116J.994, Subd. 2 of the Business Subsidy Act, the Authority hereby determines that the terms of the Grant may deviate from the Authority's written business subsidy criteria, and hereby sets the job and wage goals of the Grant at zero. Section 2. Grant A�reement A�roved. 2.01. The Authority hereby approves the Grant Agreement in substantially the form presented to the Board. The Authority further authorizes execution of the Grant Agreement and all documents prepared in connection therewith, 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 Grant Agreement by such officials shall be conclusive evidence of approval. 583370v1MN325-40 Approved this 29th day of May, 2019, by the Board of Commissioners of the City of Monticello Economic Development Authority. President ATTEST: Executive Director 583370v1MN325-40 ' ' r' `" MONTICELLO EDA �L � � Montice o DOWNTOWN FACADE IMPROVEMENT � GRANT FUND APPLICATION 1. CONTACT INFORMATION Legal Name of Business: �j Project Site Address: City / State / Zip: Contact Person(s): Business Phone: � Home Phone: Check One Federal ID # j� Proprietor f 1 Corporation Cl Partnership State ID # Legal Name of Property Owner: Project Site Address: City / State / Zip: Contact Person(s): Business Phone 2. PROJECT GOALS � Please give a brief summary of the project: cl � �a � � E !�J t,.� �, n G� �� l�; , , r,� i � % �n �� � ► �� �t �C�- � � J ���'`-- �-�a � j�u��'. �l� a��%� a� � ; i1 ��i��- � �v r-� o<<�y��J� y�r���,� ��'►� ��i���t �v�,��,�� �� r � � 1�Pa�re � C.:.�'�-tr Please describe how the proposed project will positively impact the city's downtown/Central Community District:] ; � � ,/1QJY�� C's.-���1�� �,ti�.�:� j, � (�`,-ZS�--. �-�� � � � �,�� ��-'��� � ��1� �[�k�, � ��v��� �--� �� u� � . � `� � c�� ��' �� �o c�--�, -� �� . c�,� ���;-� e . � 3. PROJECT FUNDING A. GRANT USE FUNDING REQUEST Maximum grant amount of $50,000 Fa�ade Improvements • Frontage Improvements (Signage, awnings, permanent landscaping) Total Grant Request: B. OTHER PROPOSED FUNDING SOURCES Bank Loan Private Fund Commitment (5% required) Applicant Commitment r/'��S��OI� Other Total Other Funding Sources PROJECT TOTAL: ���Qao �5�-, �� �-.r-, ca.As�—�1� � ��� $ `-}�z.� �-.�� �,,�:�-�:� 4. PROJECT CONTACTS (Lenders, �rivate funding source, �artners, etc..J � �� ��,� �.I 1�... �,�,�� .�-�� `'��, ��-��-�, � e �r \ Y � � � �a-�'�' ►�' _ V � '�`L� � 12 y J V L% � � �'°. lL.-r`1 � .� 1 _� W V L/1�c�.�.Yr.,�� An 'i � � • _ lr �a.1w J16h r -C -z�+=r- � �� , � , Name "_v1 �� , ;�-�," � ��5���-�_��� Address Phone/Ei 6. ATTACHMENTS CHECK LIST � �,J� y-� G=c_/�'�'.•r�.�� Please attach the following: ��,�� ,� �,� 1..�.�,.��� �� _ A) Letter of Commitment from the Other Sou�ees of Financin , Statin � g g � Terms and Conditions of their Participation in Project (if applicable) _ B) Project Plans (Architectural Rendering and Scope must be included) • C) Project Quotes/Estimates D)Property Legal Description 7. AGREEMENT I/ We certify that all information provided in this application is true and correct to the best of my/our knowledge. I/ We authorize the Monticello EDA to verify financial and other information. I/ We agree to provide any additional information as may be requested by the city. The undersigned has received the EDA's policy regarding the payment of costs of review, understands that the EDA requires reimbursement of costs incurred in reviewing the application, agrees to reimburse the EDA as required in the policy and make payment when billed by the EDA, and agrees that the application may be denied for failure to reimburse the EDA for cost� APPL,ICANT SIGNATURE APPLICANT FAME (Print) PROPERTY OWNER NAM PROPERTY OWNER SIGN. DATE: � I t�i f�\,� Z c" The EDA is a governmental entity and as such must provide public access to public data it receives. Data deemed by Applicant to be nonpublic data under State law should be so designated or marked by Applicant. See Minnesota Statutes, Sections 13.591, Subd. 1 and 2. 3�Page GRANT AGREEMENT This Grant Agreement ("Agreement") is made this day of , 2018, between the City of Monticello Economic Development Authority, a public body corporate and politic and political subdivision of the State of Minnesota ("Grantor"), and , a Minnesota ("Grantee"). RECITALS A. Grantor has duly established its Downtown Fa�ade Improvement Grant Program (the "Program") and has approved guidelines for said Program. B. Grantee has submitted an application for a grant pursuant to the Program guidelines, and Grantor has approved a grant to the Grantee in the maximum principal amount of $ (the "Grant") to pay a portion of the costs of certain fa�ade improvements at Grantee's business located at in the City of Monticello, Minnesota (the "City"), as more fully described in Exhibit A hereto (the "Improvements"). C. The Grantor and Grantee have negotiated the terms of the Grant, and now desire to memorialize such terms in this Agreement. ACCORDINGLY, to induce Grantor to make the Grant to Grantee, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. The Grant Amount. Subj ect to and upon the terms and conditions of this Agreement, Grantor agrees to grant to Grantee the sum of and no/100ths Dollars ($ ). Proceeds of the Grant shall be disbursed in accordance with Section 2 hereof. 2. Disbursement of Grant Proceeds. (a) All Grant proceeds shall be paid to Grantee in accordance with the terms and conditions of this Agreement. Notwithstanding anything to the contrary herein, if the cost of the Improvements exceeds the amount to be reimbursed under this Agreement, such excess shall be the sole responsibility of the Grantee. (b) On the date of closing on the Grant, all Grant proceeds shall be deposited into an escrow account with an escrow agent (the "Escrow Agent") selected by the Grantor. The disbursement of proceeds of the Grant will be made subject to the conditions precedent that prior to or as of each date of disbursement: (i) The Grantor has received from Grantee, without expense to Grantor, an executed copy of this Agreement and of an escrow agreement in substantially the form attached as Exhibit B(the "Escrow Agreement"); 538719v3MN325-40 1 (ii) The Grantor and Escrow Agent have received from the Grantee's authorized representative one or more draw requests in substantially the form attached to the Escrow Agreement (each a"Draw Request"), certifying with respect to each requested disbursement: that each item for which the disbursement is proposed is included in the Improvements, accompanied by paid or payable invoices or other comparable evidence that the cost has been incurred and paid or is payable by Grantee; provided that each Draw Request must be made for a minimum amount of the lesser of $5,000 or the balance of escrowed Grant proceeds; (iii) Grantee has provided evidence satisfactory to Grantor that Grantee has established an account for the exclusive purpose of recording the receipt and expenditure of the Grant proceeds; (iv) Grantee is in compliance with the terms of the Fa�ade Improvement Program Guidelines and this Agreement; (v) Upon final disbursement of Grant proceeds, Grantee has obtained lien waivers from all contractors and sub-contractors for all work and/or materials in connection with the Improvements; and (vi) No Event of Default shall have occurred and be continuing. Representations and Warranties. Grantee represents and warrants to Grantor that: (a) Grantee is duly authorized and empowered to execute, deliver, and perform this Agreement and to receive the Grant from Grantor. (b) The execution and delivery of this Agreement, and the performance by Grantee of its obligations hereunder, do not and will not materially violate or conflict with any applicable provision of law and do not and will not materially violate or conflict with, or cause any default or event of default to occur under, any material agreement binding upon Grantee. (c) The execution and delivery of this Agreement has been duly approved by all necessary action of Grantee, and this Agreement has in fact been duly executed and delivered by Grantee and constitutes its lawful and binding obligation, legally enforceable against it. (d) Grantee warrants that it shall keep and maintain books, records, and other documents relating directly to the receipt and disbursements of Grant proceeds and that any duly authorized representative of Grantor shall, with reasonable advance notice, have access to and the right to inspect, copy, audit, and examine all such books, records, and other documents of Grantee pertaining to the Grant until the completion of all closeout procedures and the final settlement and conclusion of all issues arising out of this Grant. (e) Grantee warrants that it shall keep and maintain current property insurance 538719v3MN325-40 2 from the date of this Agreement through completion of the Improvements, and will ensure that its selected contractor carries commercial general liability insurance in at least the amount of the cost of the Improvements. (� Grantee warrants that to the best of its knowledge, it has fully complied with all applicable state and federal laws reasonably relevant to this Agreement and will continue to comply throughout the terms of this Agreement. If at any time Grantee receives notice of noncompliance from any governmental entity, Grantee agrees to take any necessary action to comply with the state or federal law in question. (g) Grantee warrants that it will use the proceeds of the Grant made by Grantor solely for the Improvements. 4. No Business Subsidv. The parties agree that the Grant is not a business subsidy as defined in Minnesota Statutes, Sections 116J.993 to 116J.995, as amended (the "Business Subsidy Act"), because the assistance is in an amount less than $150,000. [IF AMOLJNT GREATER THAN $25,000: Notwithstanding the foregoing the parties agree and acknowledge that disbursement of the Grant complies with the Grantor's written criteria for the granting of business subsidies (the "Criteria"), provided that the Authority agrees to deviate from the job creation requirements provided in the Criteria, since the Grant is for the purposes of downtown revitalization and job retention articulated in such Criteria and not for the purpose of job creation. The Grantee releases and waives any claim against the Grantor and its governing body members, officers, agents, servants and employees thereof arising from application of the Business Subsidy Act to this Agreement, including without limitation any claim that the Grantor failed to comply with the Business Subsidy Act with respect to this Agreement.] 5. Event of Default bv Grantee. The following shall be Events of Default under this Agreement: (a) failure to complete any part of the Improvements within 180 days after the date of this Agreement; (b) any representation or warranty made by Grantee herein or in the Escrow Agreement is false when made; (c) Grantee files a petition under any chapter of the Federal Bankruptcy Code or any similar law, state or federal, now or hereafter existing becomes "insolvent" as that term is generally defined under the Federal Bankruptcy Code, or is adjudged a bankrupt or insolvent, or has a custodian, trustee, or receiver appointed for, or has any court take jurisdiction of its property, or any part thereof, in any proceeding for the purpose of reorganization, arrangement, dissolution, or liquidation, and such custodian, trustee, or receiver is not discharged, or such jurisdiction is not relinquished, vacated, or stayed within thirty (30) days of the appointment; (d) any material breach or failure of Grantee to perform any material term or condition of this Agreement not specifically described as an Event of Default in this 538719v3MN325-40 3 Agreement and such breach or failure continues for a period of thirty (30) days after Grantor has given written notice to Grantee specifying such default or breach, unless Grantor agrees in writing to an extension of such time prior to its expiration; provided, however, if the failure stated in the notice cannot be corrected within the applicable period, Grantor will not unreasonably withhold its consent to an e�tension of such time if corrective action is instituted by Grantee within the applicable period and is being diligently pursued until the Event of Default is corrected, but no such extension shall be given for an Event of Default that can be cured by the payment of money (i.e., payment of taxes, insurance premiums, or other amounts required to be paid hereunder). 6. Grantor's Remedv upon Grantee's Default. Upon an Event of Default by Grantee and after provision by Grantor of written notice, Grantor shall have the right to suspend or terminate its performance under this Agreement. 7. Indemnification. (a) Grantee shall and does hereby agree to indemnify against and to hold Grantor, and its officers, agents, and employees, harmless of and from any and all liability, loss, or damage that it may incur under or by reason of this Agreement, and of and from any and all claims and demands whatsoever that may be asserted against Grantor by reason of any alleged obligations or undertakings on its part to perform or discharge any of the terms, covenants, or agreements contained herein. (b) This indemnification and hold harmless provision shall survive the execution, delivery, and performance of this Agreement and the payment by Grantor of any portion of the Grant. (c) Nothing in this Agreement shall constitute a waiver of or limitation on any immunity from or limitation on liability to which Grantee is entitled under law. 8. Miscellaneous. (a) Waiver. The performance or observance of any promise or condition set forth in this Agreement may be waived, amended, or modified only by a writing signed by Grantee and Grantor. No delay in the exercise of any power, right, or remedy operates as a waiver thereof, nor shall any single or partial exercise of any other power, right, or remedy. (b) Assi n� ment. This Agreement shall be binding upon the parties, their successors and assigns. All rights and powers specifically conferred upon Grantor may be transferred or delegated by Grantor to any of its successors and assigns. Grantee's rights and obligations under this Agreement may be assigned only when such assignment is approved in writing by Grantor; except that if such assignment is made to an affiliate or subsidiary of Grantee, Grantee may assign any of its rights or obligations to such affiliate or subsidiary upon written notice to the Grantor. 538719v3MN325-40 4 (c) Governin� Law. This Agreement is made and shall be governed in all respects by the laws of the state of Minnesota. Any disputes, controversies, or claims arising out of this Agreement shall be heard in the state or federal courts of Minnesota, and all parties to this Agreement waive any objection to the jurisdiction of these courts, whether based on convenience or otherwise. (d) Severabilitv. If any provision or application of this Agreement is held unlawful or unenforceable in any respect, such illegality or unenforceability shall not affect other provisions or applications that can be given effect, and this Agreement shall be construed as if the unlawful or unenforceable provision or application had never been contained herein or prescribed hereby. (e) Notice. All notices required hereunder shall be given by depositing in the U. S. mail, postage prepaid, certified mail, return receipt requested, to the following addresses (or such other addresses as either party may notify the other): To Grantor: City of Monticello Economic Development Authority 505 Walnut Street, Suite 1 Monticello, MN 55362 Attn: Executive Director To Grantee: Attn: (f) Termination. Upon the final date of disbursement of Grant proceeds under the Escrow Agreement, or if the Grant is not disbursed pursuant to this Agreement by , 201� this Agreement shall terminate and neither party shall have any further obligation to the other, except that if the Grant is not disbursed because Grantee has failed to use its best efforts to comply with the conditions set forth in Section 2 of this Agreement then Grantee shall pay to Grantor all reasonable attorneys' fees, costs, and expenses incurred by Grantor in connection with this Agreement. (g) Entire A�reement. This Agreement, together with the Exhibits hereto, which are incorporated by reference, constitutes the complete and exclusive statement of all mutual understandings between the parties with respect to this Agreement, superseding all prior or contemporaneous proposals, communications, and understandings, whether oral or written, concerning the Grant. (h) Headin�s. The headings appearing at the beginning of the several sections contained in this Agreement have been inserted for identification and reference purposes only and shall not be used in the construction and interpretation of this Agreement. 538719v3MN325-40 S IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the proper officers thereunto duly authorized on the day and year first written above. GRANTOR: MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY By: Its President By: Its Executive Director [SIGNATi JRE PAGE TO GRANT AGREEMENT - CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITYJ 538719v3MN325-40 6 GRANTEE: : Title: [SIGNATiJRE PAGE TO GRANT AGREEMENT- 538719v3MN325-40 EXHIBIT A IMPROVEMENTS 538719v3MN325-40 A-1 EXHIBIT B ESCROW AGREEMENT FA�ADE IMPROVEMENT GRANT PROGRAM ESCROW AGREEMENT This Agreement is entered into this day of , 20� by and between (the "Grantee"), , a Minnesota (the "Escrow Agent"), and the City of Monticello Economic Development Authority, a public body corporate and politic under the laws of Minnesota (the "Authority"). Purpose The purpose of the escrow established pursuant to this Agreement is to provide assurance to the Authority that Grantee will complete the proposed improvements ("Improvements") described in the Grant Agreement between the Authority and the Grantee dated (the "Grant Agreement"), which is incorporated herein by reference. Escrow The Escrow Agent hereby acknowledges receipt from the Authority of $ in Fa�ade Improvement Grant funds (the "Grant Funds") to be disbursed in connection with the construction by Grantee of the Improvements. Grant Funds will be disbursed to the Grantee in one or more payments as evidenced by the provisions of this section. Before disbursement of any Grant Funds deposited hereunder, Grantee must submit to the Authority and Escrow Agent a draw request in substantially the form attached hereto as Exhibit A(the "Draw Request") containing evidence showing that costs for the Improvements have been paid or incurred by the Grantee in at least the amount requested, provided that Draw Requests must be made for a minimum of the lesser of $5,000 or the balance of unpaid Grant Funds. Prior to the final disbursement of Grant Funds, the Grantee must submit to the Authority and Escrow Agent lien waivers from all contractors or sub-contractors performing work or supplying materials in connection with the Improvements. The Authority may, if not satisfied with the evidence provided, request such further documentation or clarification as the Authority may reasonably require. The Authority will authorize disbursement by the Escrow Agent of the Grant Funds upon receipt and approval of the Grantee's Draw Request evidencing Improvement Costs in at least the amount of the requested disbursement. Final disbursement of Grant Funds must be made no later than six months after the date hereof. Indemnitv Grantee agrees to indemnify and hold harmless the Authority from and against any claim, damage, liability, loss or expense, including reasonable attorney's fees, made by any party in 290813v1 MNI MN190-116 1 538719v3MN325-40 connection with the performance of obligations under this Agreement. Title and Escrow Char�es Any escrow fees will be paid by Authority. Termination This Agreement will terminate upon the earlier to occur of one of the following: i) mutual written agreement of the parties; ii) disbursement of all Grant Funds to Grantee; or iii) [date six months after execution of Agreement]. Any balance of Grant Funds remaining in escrow as of will be returned to the Authority. 290813v1 MNI MN190-116 2 538719v3MN325-40 [Grantee] I� Date: CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY Executive Director [Escrow Agent] By: Its 290813v1 MNI MN190-116 538719v3MN325-40 Date: Date: EXHIBIT A TO ESCROW AGREEMENT DRAW REQUEST — DOWNTOWN FA�ADE IMPROVEMENT GRANT TO: City of Monticello Economic Development Authority 505 Walnut Street, Suite 1 Monticello, MN 55362 Attn: Executive Director DISBURSEMENT DIRECTION The undersigned Authorized Representative of , a (the "Grantee"), hereby authorizes and requests you to disburse from proceeds of the Grant, in accordance with the terms of the Grant Agreement between the City of Monticello Economic Development Authority ("Lender") and the Borrower, dated as of , 2019 (the "Agreement"), the following amount to the following person and for the following proper Grant-related costs: Amount: 2. Payee: 3. Purpose: all as defined and provided in the Agreement. The undersigned further certifies to the Lender that (a) none of the items for which the payment is proposed to be made has formed the basis for any payment previously made under Section 2 of the Agreement (or before the date of the Agreement); and (b) that each item for which the payment is proposed is eligible for funding from the proceeds of the Grant. Dated: Borrower's Authorized Representative 290813v1 MNI MN190-116 4 538719v3MN325-40 QpSE DA I QJ4;> e �i� . 1 � q`Z �,``,;o� `��" PURPOSE DRIVEN RESTORATION LLC 325 Main Street NW, Elk River MN 55330 763-633-4737 seanp@pdrmn.com MN License BC636655 May 10, 2019 A. Windows B. Demolition and carpentry: materials & labor C. Casing, windows and doors; trim and install all D. Doors: materials E. Rebuilding False Front/Reframing covering louvre; Soffit remove and replace; gutter install F. Stucco G. Awnings and LED strip lights - new H. Electrical: disconnect and install I. Signage and plaquard: 1) aluminum or 2) bronze Deductions: shutters, A/C unit move Project: Cornerstone Cafe 154 W. Broadway Street Monticello, MN 55362 Grand Total *This summary page includes all same cost figures as the May 7, 2019 Bid. Per request of EDA, we have arranged this key cover page and combined items according to installation process. $ 9,726.51 $ Amount $14, 512.00 $32, 390. 00 $ 5,610.00 $ 7, 000.00 $ 3, 973. 50 $55, 800. 00 $12,900.00 $ 8, 400. 00 $10, 050. 38 $( 1,300.00) $ 149,335.88 � A. Windows B. Demolition and carpentry: materials & labor C. Casing, windows and doors; trim and install all D. Doors: materials E. Rebuilding False Front/Reframing covering louvre; Soffit remove and replace; gutter install F. Stucco G. Awnings and LED strip lights - new H. Electrical: disconnect and install I. Signage and plaquard: 1) aluminum or 2) bronze Deductions: shutters, A/C unit move Grand Total $ 9,726.51 $14, 512.00 $32, 390. 00 $ 5,610.00 $ 7, 000.00 $ 3, 973. 50 $55, 800. 00 $12,900.00 $ 8, 400. 00 $10,050.38 $( 1,300.00) $ 149, 335. 88 EDA Agenda: OS/29/19 5. Consideration of Block 52 Redevelopment (JT) A. REFERENCE AND BACKGROUND: The EDA is being asked to engage in a ranking activity of the four developers who have recently completed "Get to Know You" interviews. It is also being asked to consider authorizing a boundary survey of Block 52 in relation to the Wild & Scenic-Recreational Rivers (WSRR). Four developers completed interviews with the EDA in the past eight (8) weeks. The roughly one-hour meetings have provided a chance for the EDA and the developers to interact and share ideas about what scale and type of redevelopment could be undertaken in Block 52. Developers who interviewed and provided conceptual illustrations of potential redevelopment plans include the following: Name Interview Date Beard Group (3-21-19) Alliance — INH (3-21-19) Bucholz - PRG, Inc. (4-10-19) Briggs Companies (4-10-19) The EDA is now being asked to: 1) review the four concepts again, 2) Rank the developers and concepts, 3) discuss next steps and direct staff in that regard. A Summary Review of the four Block 52 Development Concepts as well as feedback from the Downtown Round attendees at the April 17, 2019 meeting is shown below. Beard Group, Hopkins, MN Full Block Concept ✓ Horizontal Mixed-Use - Separate residential and commercial parcels ✓ Restaurant Pad in northeast corner oriented toward the park ✓ Commercial pad for retail and services in the southeast corner of the block ✓ Multi-Family Residential along the west half of the block; slight u shape footprint with courtyard parking area ✓ 95-units; upper-end apartments; upper 3 levels of building ✓ Underground parking level partially protruding from the surface counting as first level ✓ Rooftop terrace with view of West Bridge Park and River ✓ Enduring masonry and EFIS - mixed colors, recessed balconies Alliance Buildin� Corporation-INH Properties, St. Cloud, MN (two concepts) Concept #1. - North half of block 1 EDA Agenda: OS/29/19 ✓ 62-unit residential - market rate ✓ L-Shaped footprint ✓ Landscaped court yard with fountain feature located above the parking structure ✓ Lower level parking (underground or at-grade parking garage?) ✓ Parking lot with landscaping located to the west of the residential development (northwest corner of the Block) ✓ Optional as to new commercial redevelopment or renovation of existing commercial structures fronting on Broadway Concept #2. — North and South halves of the Block ✓ Horizontal Mixed Use — Residential and Commercial ✓ 54-Unit apartment - market rate development ✓ L-shaped footprint ✓ Lower level parking (underground or at grade parking garage?) ✓ Commercial strip center = 17,500 sq. ft, one level development facing Broadway and Hwy. 25 ✓ Sizeable parking lot area in northwest quarter of block with landscaping and water feature for commercial and West Bridge Park usage ✓ Architectural features include multi-color masonry and lap siding protruding balconies Bucholz-PRG Resources, Far�o, ND (two concepts) Option A Concept — Full Block ✓ Vertical Mixed-Use Development (Commercial and Residential) ✓ Main floor commercial = 24,820 sq. ft. fronting Broadway and Pine ✓ Three levels of residential units = 72 units market rate apartments; rooftop patio ✓ Shallow U shape footprint ✓ 2-level parking structure behind retail (courtyard) integrated into commercial and residential components ✓ Large parking lot in Northwest quarter + of the Block ✓ Articulated architectural features; masonry and siding of unknown colors; protruding balconies ✓ Separate restaurant pad in northeast corner of block; patio facing west bridge park Option B Concept — Full Block ✓ Horizontal Mixed Use (Separate residential and commercial components) ✓ 71-unit apartment development facing River Street — market rate; 3-stories ✓ Shallow U shape; green landscape garden area in the front along River Street ✓ Garden level parking structure; slightly below grade (71 parking stalls) via River Street ✓ One level commercial strip center = 21,422 sq. ft. facing Broadway and Hwy. 25 ✓ Mid-Block parking lot for residential guests and commercial customers (90 spaces) ✓ Articulated features; mixed masonry-multi-colored, protruding balconies �a EDA Agenda: OS/29/19 Briggs Companies, Elk River, MN (one concept) Full Block Concept ✓ Vertical Mixed-Use Development — Residential and Commercial ✓ L-Shape, five stories total ✓ Commercial space on main floor ✓ Residential on upper four stories (total of 180 units) ✓ Underground Parking structure(s) ✓ Large surface parking area in the northwest quarter of the Block ✓ Restaurant tenant in the northeast corner of the block with patio facing West Bridge Park ✓ Articulated architectural features, mix of masonry and lap siding (HB), stair stepped upper floor articulation on west side of development (south side???) and recessed balconies ✓ Closes River Street at Hwy 25; users River Street at west end of development to access underground parking ✓ Develops and extends park features (water fountain seating into the parking lot creating an extension of West Bridge Park into the development The Downtown Roundtable meeting also generated comments about the concepts as noted below: Alliance Building Corporation Positive Ne a� tive • Welcome — Fountain/plaza • Doesn't provide good use of river • Need clean & beautiful entrance to . Don't like fence barrier community . No private road • Kayak access wanted . No restaurant • Add a right turn land on South Highway 25 . Traffic noise in plaza? to West Broadway . Building too plain /square • Landscaping . No mixed use Property Resources Group/Bucholz Positive • Like the restaurant option A • Roof pario and garden • Parking space availability • More organic choices food • Would live here, like it. More attractive • Plan A is a great concept (the best of all) • It would be widely favored I believe if • the building would have displayed more Ne�ative > Traffic on Hwy 25 will be difficult, translate to a parking lot > Don't like design of apartment building too boay looking > One lane on Broadway > Noise near restaurant by 25 > Too "cookie cutter" in looks > E�t on 25 not good idea > Oprion A better than B > Closed off river view 3 cl�aracter • Roof top on restaurant and plaza at corner; more green space Positive • Restaurants/park area • Architecture = good • Would like living — res units • Rooftop element EDA Agenda: OS/29/19 > Don't like parking lot in such a prime spot Beard Group Ne�ative > 45% of Block not for sale > Noise on River & Pine corner > Residential heavy/opening Walnut/safety traffic flow > Parallel parking on Walnut > Access on 25 won't work Access on 75 could be a problem > Loss of park parking > Missing ground floor retail > Needs more green space; want roof element to be public > Pario should be up high — least favorite The Briggs Companies Positive Ne�ative • Like the mixed use > Too much residential versus commercial • Restaurant element > Parking concern, specifically for park • Retail & sidewalk > Missing rooftop element (bar, patio, etc.) • Good use of river view location > Rental price • Good "front door" to city • Use part of space as hotel instead of all apartments • Like Broadway entrance • Like staggered building floors Since the EDA has had a chance to meet with each developer, it has gained a sense of their experience and capabilities. The interview also provided an opportunity to review and discuss the concepts provided by each of them. The EDA is being asked to complete an objective ranking of the developer capabilities as well as the attributes and components of each concept through the attached matrix table. After the EDA completes the ranking process, a developer selection could occur - followed by a discussion of next steps. Al. Budget Impact: At this point in time the budget impact as related to the developer review and ranking is minimal. The cost is primarily the staff time and involved in the discussion and review of the development concepts. The logical next step is to enter into a preliminary development agreement although the EDA may direct staff to also focus on additional interim obj ectives. A2. Staff Workload Impact: Staff has put a lot of time into the Block 52 redevelopment efforts to this point in time. The category of work items includes an array of tasks such as outreach to the development community, follow up with interested developers, structuring and arranging engagement and interview opportunities, meeting and discussing the concepts with existing property owners, creating objective ranking materials and researching and reviewing budgets and resources to use as tools in a prospective redevelopment project. Since the early part 4 EDA Agenda: 03/09/16 of 2018, the estimated amount of time is approximately 380 hours +/-. A3. Strategic Plan Impact: Moving forward with developer ranking and selection meets to following Strategic Plan Goals: Create and Preserve Sustainable Livability: Work to attract and develop a healthy mix of housing options. Strengthen Our Image as a Destination: Pursue reinvestment in the downtown commercial core in support of Monticello as a place to visit and explore. Support a Vibrant Economy: Support development and redevelopment efforts of publicly-owned property. B. ALTERNATIVE ACTIONS: The action item for consideration consists of providing direction to staff regarding next steps in working with one or possible more of the prospective developers. The end goal is to eventually get to the point of getting commitment with a developer by entering into a preliminary development agreement. The developer ranking process is a tool that can help the EDA to make progress toward its obj ective of negotiating a preliminary development agreement with one of the four developers. Exhibit B contains several next step options for the EDA to consider. Staff will support the EDA in whatever direction it so chooses to pursue as a next step in the process. Alternative #1. Motion to direct staff to enter into negotiations for completion of a preliminary development agreement with Alternative #2. Motion of no action. Alternative #3. Motion of other. Alternative #4. Motion to table this item for additional research and/or discussion. C. STAFF RECOMMENDATION: The EDA is being asked to complete a ranking and final selection of developers in order to begin the process of taking potential next steps which ultimately will lead to negotiating a preliminary development agreement with one of the four interviewed developers for a potential Block 52 redevelopment proj ect. Staff believe it would be wise to select a Primary Developer and an Alternate Developer. If the efforts to negotiate a preliminary development agreement fail with Primary Developer there will be a built-in alternative. Entering into negotiations for a redevelopment (Development Contract) in Block 52 will take some time and allow additional planning steps to start occurring with more confidence. This step is necessary to further engaging with a developer who can be enlisted as a partner to pursue a redevelopment proj ect in Block 52. Exhibit B lists out a series of potential next steps for the EDA EDA Agenda: 03/09/16 to choose from. Staff will support the EDA in whichever direction is chosen as the next step. D. SUPPORTING DATA: A. Block 52 Redevelopment Ranking Matrix B. Potential Next Steps Developer Concepts — See links Developer Concepts — Renderings — See links below Beard Group https://www.ci.monticello.mn.us/vertical/sites/%7B46185197-6086-4078-ADDC- OF3918715C4C%7D/uploadsBeardMonticello_Master_Propertv_Presentation_95 uni ts.pdf Alliance-INH //www.ci.monticello.mn.us/vertical/sites/%7B46185197-6086-4078-ADDC- OF3918715C4C%7D/uploads/Alliance Buildin� Concepts.pdf PRG-Bucholz https://www.ci.monticello.mn.us/vertical/sites/%7B46185197-6086-4078-ADDC- OF3918715C4C%7D/uploads/PRG.pdf Briggs Companies httbs://www.ci.monticello.mn.us/vertical/sites/%7B46185197-6086-4078-ADDC- OF3918715C4C%7D/uploadsBri��s.pdf � � O � a-I 3 0 �p O '� y V�i � C � � d � O '6 O — C ++ X 3 � � i oU � 3 '� 3 c 00 � y � N p m � p 0 � w W � 0 •^ Z � Vf O !0 Y N m i - W m � � � _ � Y � �i � G � N -p O � � ° a 3 0 W � � � C � � C � O y 3 u � '6 O '6 y� X � e`u a Z � 3 � � c C7 � m +' aw w� f6 � •� 0 a v w� o�o '�^ .f6, � > a a ^ � � Y • N � i v u y�, i � O � � y �' in m _ � �C � � � LL C N � � �y � a O m H v a � L O � ,+�+ jy O N � � a�+ � G � bA � = c � � � C Q z N 7 � � Q y ip � O `ti Q' C O i9 G � > f6 a '�6 O � � � 3 u � � a u 3 u ° N ° � `w > aC m °' � `o N = � o °�' LPj u io U Y � \ � U � 3 � � � O � � v � w o � � o m �n m Q X N� j ti O � m en '^ � O C7 c � c w eq � Y � 'a N X N N '6 � _ � a 'u '� - fp O "'6 W � t Gl L �n C � m Y - m � C O � v O 7 p`q O � L� LL y N _ � '6 p � LL � 3 �' 0 N V V LL � a y � V V C V � 'a N 7 ' +' � Q C O �0 C O a � i m N � V ,� �� C � 3 3 � � i � c 2 m �`p O � � N m � a 0 �j, d a N C N i £ � a+ ++ � � > � � 7 O u� � \ G. � � � Q V Q � � V O � •� C •V � V G. W •� L,L GI V O Q � � 0 � � O J � N E N � 3 v � S £ � m y > S a � � 9 • 00 0 � � Q O 00 � � O v� 00 2 V � LL O a 2 � C H a° Potential Next Steps - Block 52 Redevelopment Process 425-2019 1. EDA identify issues-challenges with each concept or any one concept in report (pros and cons). Some of this occurred at 4-25-19 meeting. 2. Select two finalists to: a. interview again to gain better comfort level with EDA desired vision and parameters. Stipulate refinements to concepts for 2nd interview. b. to submit bid offers for EDA and City owned property in Block 52. Then, select best offer and try to negotiate the final deal. 3. Have additional discussions and meeting with all developers regarding matching their concepts to the desired EDA vision and parameters (specific development criteria, i.e. restaurant guarantee and price), etc. 4. EDA select one finalist to negotiate with regarding final concept matching with desired EDA vision and parameters (specific development criteria and/or price). 5. Seek to arrange a tour of the recent projects completed by the developer to see how they have performed and get a feel for the type of development that they can bring to Monticello. 6. Acquire more property to further consolidate the public holdings and match the land area to the developer concepts. 7. Others 8. Combination of above steps. EDA Agenda - OS/29/19 6. Consideration of Authorizin� Solicitation of Quotes for a WSRR Boundarv Survev in Block 52 Area (JT) A. REFERENCE AND BACKGROUND: This item is to ask the EDA to authorize solicitation of quotes for a WSRR boundary survey for the entire Block 52 area. The Wild and Scenic Recreational Rivers (WSRR) corridor runs through the entire City of Monticello along the Mississippi River. It is believed that the corridor extends to the north edge of Block 52 and development will not be restricted in the Block To be sure though, staff recommends having the survey completed at this time. Al. STAFF IMPACT: There is minimal staff impact in considering authorizing solicitation of quotes for a WSRR survey of Block 52. In-house staff can reach out to engineering and surveying firms to ask for the quotes. A2. BUDGET IMPACT: Expenses expected to be incurred through the completion of a WSRR survey will be allocated to the "Redevelopment Activities" line item in the 2019 EDA Budget. A total amount of $123,250 was budgeted in the Redevelopment Activities line item. To date in 2019, no funds have been expended from this line item. B. ALTERNATIVE ACTIONS: L Motion to authorize solicitation of quotes for a W SRR survey of the entire Block 52 area. 2. Motion to deny authorizing solicitation of a W SRR survey for Block 52. Motion to table consideration of authorizing solicitation of a WSRR survey of Block 52. C. STAFF RECOMMENDATION: Staff recommends the EDA authorize solicitation of a W SRR survey for the entirety of Block 52 to determine if any portion of the Block lies within the WSRR Corridor. If the EDA approves of seeking quotes, after they are obtained, they will be provided to the EDA for consideration at a future meeting. D. SUPPORTING DATA: None EDA Agenda: 5/29/19 7. Consideration of Authorizin� Event Si�na�e at EDA owned propertv — 103 Pine Street (JT) A. REFERENCE AND BACKGROUND: The EDA is being asked to authorize the use of 103 Pine Street for event signage. The City Parks Department has approached staff with the request to place "Music on the Mississippi" event signage on the property for each event. The site provides the Hwy. 25 visibility that the Parks Department is seeking in its marketing efforts. The signage would be permitted as a non-profit activity. Al. STAFF IMPACT: If authorization is granted, staff will work with the Parks Department on placing the signage on the property. A2. BUDGET IMPACT: There is no cost to the EDA for the signage request. The Parks Department will be responsible for all costs related to the signage. B. ALTERNATIVE ACTIONS: Motion to authorize event signage to be placed on EDA owned property located at 103 Pine Street. 2. Motion to deny authorization of event signage on EDA owned property located at 103 Pine Street. 3. Motion to table consideration of authorizing event signage on EDA owned property located at 103 Pine Street for additional research and/or discussion. C. STAFF RECOMMENDATION: Staff recommends Alternative #1. The site provides good visibility to traffic moving along Highway 25. The signage would be temporary and be posted only in the days leading up to the Music on the Mississippi events. There are seven (7) Music on the Mississippi events planned for the summer of 2019. The first event is scheduled for Thursday, May 30, 2019. D. SUPPORTING DATA: A. Aerial Photo of 103 Pine Street B. Music on the Mississippi event schedule 103 Pine Street �za�, 29, 2019 9� '.�y�' ' � � 'i �� �2. '' ��� . ,. . . 4 .: - �'.�� �. L {. �� �Mr ` J J' , _ .., , ��� �" �""+ �4��-�ht . �'i� . ,'N."�^:. :�z � S� ;�-. ; � � r� - ,`� �iE � � �3.> . . �� ::,�- � ,:��„' ' r�'� :K' .. - + s �a� �; `►.. � •-� ' . . ' '�,Y�� � . � . F . .�'�. . _ . _. .. . . . .. . . . _ .,- r y � '#� � �� � F t �� � ` p� �; � . � � k;�te:'..i - . . . . � 1 � � � � F �tC- N�GN . ,� , � , c�� p., , `�� °�' ,� _� {� � �' � +�'� 1:�� _ � x t'� . _�� ' �?�� a 3 _ f ���,tr 4:�J' i �, �} , �" . � � ➢� o � ;`� � � '� � ';v. rJ� /'/`�. y �•' � .. � � r�. �;Yy. �.' a�/�, / � �• � � .� � � - ' � �,r! � - ;t � � - � � � . , � � -�^ , �� j � � '' : !S , � $:.:-' - • �� �"��` . � �.� , ~ �I �f �/ 8���4� ��A'# �� ii'rx. _ � � ' � Nw. .` ' .. � . . �9i i•" + � S . j� r - �. � " ` . � / --�-- � � ���' 4�'. i � � �� , . ! ���. � Q` ���`�' � � � � . ��,� l � .�� �• � � • . _ . • �. , - r �?�;. p �<'. /;k� �' � � � - V � �y' �� � {cF ,~�- ! � ",b `! ,� � } �-:� 1 � �. T _.. . ' �cl � � � A . , �o j • � s�'' -ct� � 1 i inch = 47 feet City Boundary �r� a s � � Bryan Pittman �„�oF S � n Lo �.E...-�to� -� Monticello � Map Puwered by DataLink from WSB & Associates CITY Oi � Monticello This Week's Events May 30t" Music on the Mississippi -(West Bridge Park) June 2nd 11 a.m. - Monticello Fire Department Gold Tournament (Monticello Country Club) Future Events May 30t" ]une 2na June gt" June 18tn ]une 27tn ]uly 10t" July 11tn July 11-14t" )uly 16tn July 25tn July 28tn August 6tn August 18t" August 22nd September 13tn September 2gtn Music on the Mississippi -(West Bridge Park) 11 a.m. - Monticello Fire Department Gold Tournament (Monticello Country Club) 9 a.m.-1 p.m. - Walk-n-Roll Music on the Mississippi -(West Bridge Park) 6-7:30 p.m. - Volunteer Recognition Picnic (Ellison Park) Music on the Mississippi -(West Bridge Park) Party in the Park MCC Block Party Riverfest July 11tn Kick off at Pioneer Park - 5:30-8 July iZt" Talent Show - 7:30-9:30 p.m. Fireworks at dusk following the talent show Music on the Mississippi -(West Bridge Park) Music on the Mississippi -(West Bridge Park) Par-Tee Fore a Purpose golf tournament Music on the Mississippi -(West Bridge Park) Lions Brewfest Music on the Mississippi -(West Bridge Park) Rotary Taste of the Towns Party for a Purpose - (VFW) Schedule Ma�� 28 — June 2, 2019 EDA Agenda: 5/29/19 8. Consideration of Authorizin� Economic Development Mana�er to Attend 2019 EDAM Summer Conference in Duluth, MN (JT) A. REFERENCE AND BACKGROUND: The EDA is being asked to authorize the Economic Development Manager to attend the 2019 EDAM Summer Conference in Duluth, MN on June 13 and 14. The Summer Conference Agenda is attached. EDAM provides continuing education credits for various certifications as warranted at the conference. Al. STAFF IMPACT: If authorization is granted, the Economic Development Manager would be at the conference Thursday and Friday (6-13 and 6-14). A2. BUDGET IMPACT: The cost to attend the Conference is $315.00 with lodging costing $285.00 +/-. The 2019 EDA budget contains a line item for "Training/Travel" in the amount of $1,700. A3. STRATEGIC PLAN IMPACT: The City Council's adopted strategic plan contains a goal (#6) of "Invest(ing) In People" which supports staff training and growth. B. ALTERNATIVE ACTIONS: Motion to authorize Economic Development Manager to attend the 2019 EDAM Summer Conference. 2. Motion to deny authorization for Economic Development Manager to attend the 2019 EDAM Summer Conference. 3. Motion to table consideration of authorizing Economic Development Manager to attend the 2019 EDAM Summer Conference for further research or discussion. C. STAFF RECOMMENDATION: Staff recommends Alternative #1. SUPPORTING DATA: A. 2019 EDAM Summer Conference Agenda ��`z�`z�s�:� Economic Development Association of Minnesota /� Economic Development Association of Minnesota 2019 EDAM SUMMER CONFERENCE �u Register j�:. 7 Tell a Friend � � 6/12/2019 to 6/14/2019 When: June 12 - 14, 2019 Where: Duluth Entertainment Convention Center: DECC 350 Harbor Drive Duluth, Minnesota 55802 United States Contact: Rhea Sullivan r4;eac�..'z'' c��::am.�rr (952) 928-4640 e<i„� tzs lkt�c�a�rtinci ��'�:nt L€s`s You registered for this event on 5/14/2019 f� Online registration is available until: 6/9/2019 � � � �,=���d� _ Enter search criteria... � � � , �� �.' '-�.__..'. . � ��� " 1 � ll__ ._ � di �^, _� �?— -- _ _. ;r ' , , ,_ � . u F , , . ;.. ._, , . , � �. � . �, � ` � F' ,' ��- _ . r, +c' ,.�.� 'V• . ' ����Y- .. � � � � � y. _,.. _� �� �� �� � � . ,: � �, ��. �,: - . y � v ." Ecanomic Qevelopment "� �,��_��� � ��� ��� � � f �__ e ��� � - � _ - _- � � Association of Minnesata ��_ ii r � �. : � , �i�.�,a, z ��� ��r�� 2013 �ummer Confierence f2egistration Form (PDF) Sponsorship & Exhibitor Opportunities Join us on the shores of Lake Superior as we explore hot topics in economic development and make new connections! Agenda �e+�nesc��y � June � 1, ��1 � 430-530pm https://www.edam.org/event/2019summer 1 /9 ��`z�`z�s�:� Economic Development Association of Minnesota 630 - 6:45 pm PresidenYs Welcome Reception Join us to relax, connect, and kick off the conference. Engage in some friendly competition at a beanbag tournament hosted by the EDAM Emerging Profe just enjoy mingling and taking in the spectacular lake view from the DECC. Dinner EDAM PresidenYs Award Presentation The PresidenYs Award honors an individual for outstanding leadership, contribution, and dedication to economic development in Minnesota. This year's re revealed at the conference. 6:45 - 7:45 pm The North Shore's Craft Brewery Industry Representatives from .,. ,,. , and r;, will reflect on their rapidly-changing industry and the challE opportunities it presents. � u�d.au��,�� �.w�a�u� ��� ,�� W� 6:45-7:45am 730-830am 730 am - 3:45 pm 5k Fun Run/Walk Run/Walk starts at 7:00 am, and will be held rain or shine unless there is lightning predicted. Meet outside the main entrance (parking lot sideJ of the Canal Park Lodge. Breakfast on your own A hot breakfast is inc/uded with the room rate at the /nn on Lake Superior and Cana/ Park Lodge. Breakfast is not inc/uded with the room rate at the Ho/id� there is a cafe onsite. Registration PresidenYs Welcome 8:45 - 9:45 am Keynote � 100K Ideas: Fostering Innovation & Entrepreneurship 1.0 AICP credit , President and Chief lnnovation O�cer, Skypoint Ventures Get ready to be energized and inspired! David 011ila will share his story of creating an ecosystem that fosters innovation in Flint, Michigan. A serial entrepr innovator and inventor, David holds 12 patents on everything from sporting goods to wearable technology. While constantly thinking about new ideas, he K expertise and experience to help cultivate entrepreneurship and opportunity at Skypoint Ventures, .` and the Ferris Wheel Innovation Center. , ,� ,�``�� i� i�• , t.a±•.. � ,. � � '� f .i � .n , �.r �i .�� :' He learned early on that tools, resources and support are not always available to people on the ground floor. Unsatisfied with this reality, David set out to c led the charge to develop the Ferris Wheel building into an innovation hub that many local businesses now call home. He also co-founded 100K Ideas to h innovators create products, services and startups of their own. https://www.edam.org/event/2019summer 2/9 ��`z�`z�s�:� Economic Development Association of Minnesota Break with Exhibitors 10:00 -11:00 am Breakout Sessions: Choose One Rebirth of a First-Ring City: Redeveloping Richfield 1.0 AICP credit , Partner, lnland Development Partners -` , Assistant Director of Community Development, City of Richfield This session will cover the highlights of Richfield's redevelopment efforts with specific focus on the City's east side. The presenters will discuss the impeti redevelopment, the visioning and strategies used during the planning process, and also the redevelopment tools and partnerships employed in order to at development. The Chamberlain, a$50 million multi-family project located in a priority redevelopment area of the City will be featured as a case study. Improving Regions, Not Just Sites: A Duluth Story 1.0 AICP credit , Group Manager of Environmental Services, Bay West LLC; • ,., Senior Planner, Perkins+Will,� r it.�r� Ronr�,:= .; Economic De of Duluth The City of Duluth identified the need to not only spur redevelopment, but to improve the quality of life for the residents of a few Study Areas along the St. Corridor. The Study Areas were identified by the City of Duluth as having potential for revitalization and re-use, but with several properties facing potentia development challenges. The City of Duluth obtained an EPA Brownfield Grant, then conducted preliminary environmental reviews of all individual commi properties within them, eventually preparing a Limited Area-Wide Brownfield Inventory (AWBI) for each of the sites with potential development challenges neighborhoods. This information was reviewed, then used to inform a community-led plan for revitalizing key catalyst sites in the Duluth neighborhoods o1 Fairmount. The neighborhood plan was funded by an EPA grant through the Area-Wide Planning program (AWP) and was designed to help communities � environmental and public health challenges related to brownfields and benefit underserved and economically disadvantaged communities. The panel will the community is currently using the results of these efforts and provide lessons/tips for other municipalities that might contemplate similar activities. Break with Exhibitors 11:15am-12:15pm Breakout Sessions: Choose One Setting the PACE: Brownfields, Business Centers and Beyond 1.0 AICP credit ��, Director of Strategic Development, Saint Paul PortAuthonty,� .'.��Sh�f -:=;�, President, Loucks Engineering; :��r t�=tN :��, Vice President of f Paul Port Authority & MinnPACE Whether it is redeveloping brownfields sites into prosperous business centers or implementing cost-effective strategies and investments to reduce energy and carbon footprint — iYs economic development, and it can often be challenging, multifaceted and come in many forms. Join us as we highlight complex projects including the redevelopment of the 46-Acre Former 3M headquarters on the East side of Saint Paul into Beacon Bluff Business Center, along with redevelopment and small area plan for the Bemidji Railroad corridor. We will also unpack how creative financing through MinnPACE is advancing sustair development and spurring energy efficiency and renewable energy projects throughout state. Ask a Developer: Small Group Roundtable Discussions 1.0 AICP credit Aav� �ne�erscsn, Senior Vice President, Frauenshuh Commercial Real Estate; .!nie Proven�@ae�; Principal, lnterstate Development -;ksdie Roerir�.„ 5 Manager, AEON Back by popular demand! Those who attended our Winter Conference roundtable have told us they want to keep the conversation going. This session will opportunity for small group discussion with a diverse cross-section of developers who work in the various classes of real estate. These casual, interactive will focus on what makes a site or a community attractive for development, what policies and actions communities can adopt to engage developers on pro developers evaluate business risk in a project, and timely market information. Participants will change tables several times throughout the session to have meet with several developers. Lunch 1:30 - 3:45 pm https://www.edam.org/event/2019summer 3/9 ��`z�`z�s�:� Economic Development Association of Minnesota Mobile Tour: AAR's Maintenance Repair and Overhaul Facility (at capacity - additional registrants will be added to waiting list) 1.5 AICP credits The bus will begin boarding at 1:15 pm at Door C of the DECC and will depart at 1:30 pm. G�.=�ex.= ��`�a�s�{,': r, Director of lnstitutional Advancement, Marketing, and Public Relations, Lake Superior Co//ege; L��, a�af�iek Ja�P�aa,, President, Lake Supe , Senior Program Manager, AAR MRO Services ,, Economic Developer, City of Duluth Tour the leading North American provider of aircraft maintenance, AAR's Duluth aircraft Maintenance and Repair and Overhaul (MRO) facility and hear ab worked with APEX, Minnesota Power, Lake Superior College, the City of Duluth, St. Louis County and other partners to bring high wage jobs into the regic AAR has been a partner in this DEDA-owned facility for nearly 7 years. Currently, AAR employs 273 direct employees and an additional 70 contractors, fo nearly 350 mechanic, inspector, and other technical support personnel positions. AAR will soon bring the facility to full operational capacity; it is anticipate� will be in excess of 400 direct jobs at the MRO. The aviation and aerospace industry is a major industry cluster in Duluth. Directly contributing $894 million and more than 2,500 jobs, the aviation and aer industry has a total impact of $1.2 billion and nearly 5,000 jobs Get a sneak peak with these videos: • AA� M�f7 Civerv� `s:<: • AAR Celebrates 2C7GYIY� �ian� �erriic�e� �n C3�aiuYh • : ,ssout AAR 1:30 - 2:30 pm Training Employers for the 21st Century Worker: A New Form of Workforce Development 1.0 AICP credit -, Program Coordinator, BrookLynk; >, Business Development Coordinator, City of Brooklyn Park; ..,. , I Development and Housing Director, City of Brooklyn Park The top stated business need across the state of Minnesota is access to qualified talent. This need will only continue to grow as workers in the state age c workforce. BrookLynk, Brooklyn Park and Brooklyn Center's workforce development training program, has trained over 500 youth and 30 employers in the development space since 2015. This session will highlight a successful model of workforce development that not only provides youth from underrepresent communities with skills and training related to the workplace, but also provides employers and workplaces with the training to understand the needs and d youth/future workforce. Come see how Brooklyn Park and Brooklyn Center are collectively committed to addressing economic disparities with a focus on e development through cutting edge and youth-centered career pathways programming. Break with Exhibitors 2:45 - 3:45 pm Competing for Equity Investment: An Opportunity Zone Collaborative 1.0 AICP credit -, The Northspan Group, lnc.; f^;, Executive Director, Community Exchange; . '',._>�, Managing Partner, Minnes Opportunity Zone Advisors For the past year and a half, opportunity zones have been the hot topic in economic development. A group of partner organizations including The Northsp Inc., Community Exchange, and MN-OZA recognized the potential value of this new tool upon its creation. Northspan worked to educate stakeholders anc census tracts with investment opportunities as OZs and built a pilot project portal for Duluth LISC, Community Exchange educated stakeholders and deve challenge to spur projects along, and MN-OZA created a Minnesota-focused opportunity fund. Since then, these partners and several other organizations together seeking ways to turn these OZs into genuine vehicles for investment by connecting communities, developers, and investors. The result is the Minnesota Opportunity Collaborative (MNOppCo), a statewide resource for opportunity zone information. Its website, ;: directory of opportunity zone projects and sites, builds awareness and outreach through a statewide collaboration, and facilitates events to help train stake market investment opportunities, and bring projects to reality. MNOppCo invites partners from across the state to engage with the Collaborative to coordin their areas and provide input on MNOppCo's work. This session will offer EDAM members the opportunity to engage with MNOppCo, learn about its effort develop a shared approach to project marketing and development. Break Relax, recharge, or explore. 5:30 - 8:00 pm Networking Harbor Cruise on the Vista Fleet https://www.edam.org/event/2019summer 4/9 ��`z�`z�s�:� Economic Development Association of Minnesota What better way to enjoy a summer evening in Duluth than from the water? The boat will board at 5:30 pm outside Door G at the DECC and depart at 6:00 pm. Your ticket includes heavy appetizers and a drink The boat will a shine. The fun doesn't have to stop after the cruise - join us at :.• , our unofficial late-night happy hour gathering place. The late-night not hosted by EDAM. . . «�,�y ` .� � ,.�s .-�� �.. . „� Breakfast on your own A hot breakfast is inc/uded with the room rate at the /nn on Lake Superior and Cana/ Park Lodge. Breakfast is not inc/uded with the room rate at the Ho/id� there is a cafe onsite. Registration Conference Prize Entry 8:30 - 9:30 am Legislative Update: What Just Happened??!! lnvited panelists: ' >s Steve Grn•� ., Minnesota Department of Employment & Economic Development (DEED); :. (R) District 55; „ F�=i (DFL) District 07; tisp. Tim M��, � . �,� (DFL) District 67A; � � . _ � (R) District 23A; �� � . �° (R) District 29A Join us as we recap the legislative session with some of the key players - what happened and whaYs next? Break with Exhibitors 9:45-10:45am The Tech Effect: Virtual Reality and Site Selection Details coming soon. Break with Exhibitors 11:00 am -12:00 pm The NORTHFORCE Effect: Powering the "North by Choice" Talent Economy 1.0 AICP credit I��ra�� -, Twin Ports: Strategy & Development Consultant, NORTHFORCE; , Greater NE MN Development Consultant, NORT , Senior Business Developer, APEX Over the course of five years, the nationally recognized NORTHFORCE initiative has stood the test of time as a leading workforce development system in In a time of ever intensifying national concern over skilled talent availability, NORTHFORCE's employer and candidate usership has never been stronger, community buy in has never been higher. While soaring far beyond a talent matching system, the heart of NORTHFORE remains dedicated to business a1 expansion, and growing a stronger economy. Come learn how NORTHFORCE's regional approach, digital infrastructure, and industry thought leadership is helping the arrowhead stay ahead of the cu Facilitated by NORTHFORCE staffers Krissy Johnson and Stephanie Skraba, this "North By Choice" panel will feature fresh and diverse regional persped Panelists will include longtime NORTHFORCE partners, lan Vincent, Senior Business Developer with APEX and Shawn Herhusky, Workforce Strategy Cc CareerForce, in addition to representatives of Private Industry and Higher Ed. Conference Prize Giveaway & Adjournment Fees https://www.edam.org/event/2019summer 5/9 ��`z�`z�s�:� Economic Development Association of Minnesota Member Full Conference Payment received by May 17: $315 Payment received after May 17: $340 Single Day (Thursday OR Friday) Payment received by May 17: $215 Payment received after May 17: $240 Nonmember Full Conference Payment received by May 17: $415 Payment received after May 17: $440 Single Day (Thursday OR Friday) Payment received by May 17: $315 Payment received after May 17: $340 Student Full Conference:$50 One day: $50 The student rate is only available to full-time students. Please .tarrtacf the EDAM otfic� with questions about eligibility Additional Tickets Attendee Ticket for Thursday morning group fun run: No additional cost Guest Ticket for Wednesday evening activities: $50 Guest Ticket for Thursday evening boat cruise: $50 Guest Ticket for Thursday morning group fun run: No additional cost Lodging EDAM has secured room blocks at three different hotels. All are within walking distance of the DECC/conference location. ��rsaV F��ik Lcs�' '� 250 Canal Park Drive, Duluth, MN 55802 Standard room rate: $129 (includes hot breakfast) Room block deadline: Monday, May 13, 2019 Booking instructions: Call the hotel at (218) 279-6000 or (800) 777-8560 and mention the June EDAM conference to receive the group rate. 350 Canal Park Drive, Duluth, MN 55802 Standard room rate: $139.99 (includes hot breakfast) Room block deadline: Friday, May 17, 2019 Booking instructions: Call the hotel at (218) 726-1111 and mention the June EDAM conference to receive the group rate. 200 West First Street, Duluth, MN 55802 Standard room rate: $119 (does not include breakfast, but there is a cafe onsite) Room block deadline: Monday, May 13, 2019 Booking instructions: Call the hotel at (218) 722-1202 and mention the June EDAM conference or ,. .. �,;,r ._;: to receive the group rate. Questions? Contact Rhea Sullivan at �:� ,,� .�� ,. ; or (952) 928-4640. Sponsorship & Exhibitor Opportunities Sign up as a sponsor or exhibitor to gain visibility for your organization while supporting economic development education. https://www.edam.org/event/2019summer 6/9 ��`z�`z�s�:� Economic Development Association of Minnesota Credits AICP: EDAM has applied for credits through The American Institute of Certified Planners (AICP) for selected sessions for Certification Maintenance (CM) session descriptions for details. NDC: Each day of participation in the EDAM 2019 Summer Conference has been approved by the National Development Council (NDC) for 1 recertificati� total for attending the entire conference). IEDC: The 2019 EDAM Summer Conference is a recognized recertification event by the International Economic Development Council (IEDC). Conference Extras Group Fun Run Get outside and get moving - start Thursday morning with a group run! All ability levels are welcome. More details to come. Cancellation Policy: With written cancellation notice, received no later than May 24, 2019, you will receive a full refund, less a$50 administrative charge. Cancellations after that date are nonr of cancellation must sent in writing to info�edam.org. Substitutions will be allowed by same-company attendees if EDAM is notified before their arrival. No-shows will not receive a refund. Payment Card Industry (PCI) Com pliance: EDAM has taken the appropriate steps to maintain PCI compliance. In order to protect your privacy, please do not email your credit card informatio AudioNideo Policy: Registration or participation at association events constitutes an agreement by the registranUparticipant to association's use and distribution of the registranUparticipant im photographs, videotapes, electronic reprodudions and audiotapes of such events and adivities. https://www.edam.org/event/2019summer 7/9 ��`z�`z�s�:� 5/9/2019 5/9/2019 MnDOT focus group Economic Development Association of Minnesota 6/12/2019 » 6/14/2019 7/15/2019 » 7/19/2019 Upper Midwest Basic Economic Development Course https://www.edam.org/event/2019summer 8/9 ��`z�`z�s�:� Economic Development Association of Minnesota Economic Development Association of Minnesota 4248 ParkGlen Road, Minneapolis, MN 55416 Telephone 952-928-4640 � Fax 952-929-1318 Copyright �O 2017 Economic Development Association of Minnesota (EDAM). All rights reserved. EDAM Quicklinks Home AboutEDAM Join EDAM Member Central Legislative Updates Job Board Latest News Upcoming Events Membership Management Software Powered byYourMembership :: Legal https://www.edam.org/event/2019summer 9/9 EDA Agenda: 5/29//19 9. Economic Development Report (JT) A. 2019 Volunteer Picnic — June 27, 2019 6:00 to 7:30 p.m. Ellison Park — please see Exhibit A. All EDA members and spouses-family are invited to attend. voiun�eer recogn���on � � � � � As a BIG THANK YOU... City of Monticello volunteers and their families are invited to join us for a picnic at Ellison Park! Rain or Shine Please RSVP with number attending to HF'@ci.monticello.mn.us by June 24th CITY OF � Monticello ,