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EDA Agenda 07-10-2019AGENDA REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, July lOth, 2019 — 6:00 p.m. Mississippi Room, Monticello Community Center Commissioners: President Steve Johnson, Vice President Bill Tapper, Treasurer Jon Morphew, Tracy Hinz, 011ie Koropchak-White and Councilmembers Lloyd Hilgart and Jim Davidson Staff: Executive Director Jim Thares, Jeff O'Neill, Angela Schumann, Wayne Oberg and Jacob Thunander 1. Call to Order 2. Roll Call 3. Consideration of additional agenda items 4. Consent Agenda a. Consideration of approving Regular Meeting Minutes — June 12, 2019 b. Consideration of allowing Public Works Department temporary use of EDA Property located at 112 West River Street for storage of equipment c. Consideration of Block 52 WSRR Survey Quotes; Authorization to enter into a Professional Services Contract with Anderson Engineering in the amount of $4,920.00 d. Consideration of approving payment of bills Regular Agenda 5. Consideration of Presentation of Co-Work Space Concept - Crystal Nutt 6. Consideration of Preview of GMEF Loan Application, Ausco Design (Jason Kisner) 7. Consideration of Preliminary Development Agreement with Beard Group, Inc. for prospective Block 52 Redevelopment Proj ect 8. Consideration of proposed 2020 EDA Marketing Budget 9. Consideration of 2020 Target HRA Property Tax Levy 10. Director's Report 11. Adj ourn MINUTE S REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, June 12th, 2019 — 6:00 p.m. Mississippi Room, Monticello Community Center Commissioners Present: Steve Johnson, Bill Tapper, Jon Morphew, and Lloyd Hilgart Commissioners Absent: Tracy Hinz, 011ie Koropchak-White, and Jim Davidson Staff Present: Jim Thares and Angela Schumann 1. Call to Order Steve Johnson called the regular meeting of EDA to order at 6:00 p.m. 2. Roll Call 3. Consideration of additional a�enda items None. 4. Consent Agenda � BILL TAPPER MOVED TO APPROVE THE CONSENT AGENDA. JON MORPHEW SECONDED THE MOTION. MOTION CARRIED, 4-0. a. Consideration of approvin� Re�ular Meetin� Minutes — Mav 8, 2019 Recommendation: Approve Regular Meeting Minutes — May 8, 2019. b. Consideration of approvin� Special Meetin� Minutes — Mav 29, 2019 Recommendation: Approve Special Meeting Minutes — May 29, 2019. c. Consideration of approvin� pavment of bills Recommendation: Approve payment of bill through May, 2019. Regular Agenda 5. Consideration of Fa�ade Improvement Pro�ram Grant for 142 West Broadwav, A�osto Law Office Jim Thares introduced the item. He noted that his recommendation would be to table action of the item due to discrepancies between the two quotes and the building materials used on the fa�ade. Derek Warmbier, Chuba Company, discussed the project and concerns with the transom windows. His quote excluded the transom windows because it would require a structural engineer to determine feasibility. Jill Agosto was working on securing a structural engineering. Economic Development Authority Minutes — June 12�', 2019 Page 1 � 3 Angela Schumann explained the importance of having "apples to apples" quotes for the fa�ade work Staff were also not able to speak to the EDA's architect with whether EFIS would suffice rather than stucco. The discussion regarding "fake" transom windows continued. BILL TAPPER MOVED TO TABLE ACTION PENDING ADDITIONAL INFORMATION FROM THE EDA' S ARCHITECT AND TO HOLD A SPECIAL MEETING WHEN INFORMATION IS AVAILABLE. LLOYD HILGART SECONDED THE MOTION. Jill Agosto noted that structural engineer has been hired. Agosto noted that her entire building is going to need renovations and maintenance work. MOTION CARRIED, 4-0. 6. Consideration of Rivertown Residential Suites' Apt. Development Exterior Elevation Jim Thares explained that the EDA was able to review and approve the original elevations of the Briggs Companies/Rivertown Suites project. The elevations have slightly changed to include more brick and stone. Thares asked that the EDA approve the new plans. Patrick Briggs, The Briggs Companies, introduced himself and noted that the primary change to the elevation was the addition of more brick (west elevation). The red color of the building was voted upon at the Groundbreaking Ceremony. Angela Schumann reiterated some of the changes from the Council approved final set of plans. Lloyd Hilgart asked for a timeline of completion. Briggs noted an April or May, 2020 completion. BILL TAPPER TO APPROVE FINAL ELEVATION PLANS OF RIVERTOWN RESIDENTIAL SUITES (47-UNIT MULTI-FAMILY DEVELOPMENT) PER THE PRO7ECT APPROVAL STEPS OUTLINED 1N THE CONTRACT FOR PRIVATE DEVELOPMENT ENTERED 1NT0 BY THE EDA AND DEVELOPER 1N JULY 2018. LLOYD HILGART SECONDED THE MOTION. MOTION CARRIED, 4-0. 7. Consideration of Preliminarv Development A�reement with Beard Group, Inc. for prospective Block 52 Redevelopment Proiect Jim Thares indicated that he would request the EDA table action so that staff could further consult with the EDA's attorney and continue negotiations with Beard Group regarding certain terms and conditions of the PDA. Thares indicated that staff has mainly had discussions with Beard Group officials over the phone and would like to meet with them to further review the draft agreement to come to a full understanding of EDA goals Economic Development Authority Minutes — June 12�', 2019 Page 2 � 3 and craft acceptable terms for the PDA. BILL TAPPER MOVED TO TABLE ACTION. JON MORPHEW SECONDED THE MOTION. MOTION CARRIED, 4-0. 8. Director's Report Jim Thares provided the Director's Report as indicated in the agenda packet. He noted the addition of one additional prospect for the month of May. Thares explained that parcel id 155171000060 has qualified to be tax-exempt through the County. Thares estimated a savings of $1,600 per year starting in 2020. Thares indicated that he would follow up with Public Works staff regarding maintaining the property to reduce weeds and report back to the EDA at a future meeting. EDA members asked for more information on the TEDI (Transportation Economic Development Initiative) Program. Thares reviewed his understanding of the program and its focus on improvements to State transportation systems that are adjacent to sizeable impactful economic development projects. More information will be provided to the EDA in the future regarding this program. 9. Closed Session — Consideration of recessin� to closed session to develop or consider offers or counter-offers for the purchase or sale of real or personal propertv pursuant to Minnesota Statute 13D.05, Subdivision 3(c)(3). Propertv Address: 101 West Broadwav Street - PID #155010052090 Propertv Address: 107 West Broadwav Street — PID #155010052070 Propertv Address: 121 West Broadwav Street — PID #155010052031 Steve Johnson left the meeting at this point resulting in a lack of quorum for official discussion purposes. General discussion was held regarding when to schedule another closed meeting and what illustrative materials may be helpful in further understanding property purchase implications. 10. Adiourn LLOYD HILGART MOVED TO ADJOURN THE MEETING AT 7:05 P.M. JON MORPHEW SECONDED THE MOTION. MOTION CARRIED, 3-0. Recorder: Jacob Thunander Approved: July 10, 2019 Attest: Jim Thares, Economic Development Director Economic Development Authority Minutes — June 12�', 2019 Page 3 � 3 EDA: 07/10/19 4b. Consideration of authorizin� Parks Department temporarv usa�e of EDA Owned Propertv located at 112 West River Street (JT) A. REFERENCE AND BACKGROUND: This item is to ask the EDA to consider authorizing the Parks Department temporary usage of EDA Owned Property located at 112 West River Street. The Parks Department has indicated that the building located at this property is in good shape and is perfect for storing maintenance equipment used in nearby parks. Their current storage facility locations are not as convenient as this site. They understand that this property is part of a redevelopment effort and know that at some point in the future the building will not be available to them. In the summer of 2018, the Parks Department made a similar request to use the former Fred's Auto Service facility located at 349 West Broadway to house the Arts Program activities and materials. The process at that time involved entering into a lease agreement between the EDA and the City as representative for the Parks Department. City staff believe it is more efficient and less costly to outline a Memorandum of Agreement (MOA) and have it approved and executed by all involved parties. At this point, staff simply wanted to get the concept and request before the EDA for initial discussion and/or consideration prior to authorizing drafting of an MOA. If the EDA approved of the concept, a MOA can be brought back to a future meeting for formal consideration. Like the previous arrangement, the Parks Department would be responsible for all utilities and needed repairs of the building while they propose to use the facility. Any repairs are subj ect to the review of the EDA Executive Director and EDA as needed as this is a redevelopment property. There would be zero cost to the EDA under this proposal. Al. STAFF IMPACT: There is very minimal staff time involved in this item at this time. If the EDA authorizes preparation of a MOA, there will be additional time from all Community Development Department staff in the effort to bring it forward for consideration by the EDA. A2. BUDGET IMPACT: Other than typical staff payroll expenses, there is no budget impact due to consideration of allowing the Parks Department temporary usage of 112 West River Street for storage of equipment. B. ALTERNATIVE ACTIONS: Motion to authorize staff to prepare a MOA outlining terms and conditions of the Parks Department's temporary usage of EDA owned property located at 112 West River Street. 2. Motion to deny authorization of preparation of a MOA outlining the terms and conditions of the Parks Department's temporary usage of EDA owned property located at 112 West River Street. EDA: 07/10/19 Motion to table consideration of preparation of a MOA outlining the terms and conditions of the Parks Department's temporary usage of EDA owned property located at 112 West River Street. C. STAFF RECOMMENDATION: Staff recommends Alternative 1. The building is not going to be needed by the EDA for the next several months. It will not be ready for removal-demolition as part of a redevelopment proposal for Block 52 until the summer of 2020 or perhaps later. The MOA format will be less expensive and more efficient in governing the proposed use of the building by the Parks Department and assigning responsibility for various operating and maintenance costs. There is no impact expected to the EDA budget due to consideration of this request. D. SUPPORTING DATA: A. Aerial Photo 2 � �V. ��; �E3c'�. ,CQ1'1 Wright County, MN . �,. . � � • , ,� ,� � y ��r, - o�erv�eW � . �.� �� . f! r' . / • . /�'"',. � `� ; '". ' ��' °� „ j , 1:5JO�,OUB�JO3Of � '.� r s tl,!A r' > 1-w•� �(f/��_� � �•• �'- - _ r f � , f � ,-.� ' _ � � �� a�\ � , 47 "� _ � 1 . . ' � � � W � . 4 i""'v , � .. � � , ��_� �!F�� .,` �.,� �' 1'S50,1'0065D3;9 �, � `.� . ' i ¢ r+ �. SrY�:. ��:� � , : e C - � / �: Jd . . / i► ,^ � �4'. .s � r 1_ j. , ` ^ vr j` �' ' + �r � `'' .. , ' � �� .%S �� l -�-� � �3 �� ` j , � 1050'I'0052150� '�. , ��.�,. .�� , � .. ��r!,' _ ,� ` : r' .� � r `►�. `�:: Legend _ � ,�... . J ` / � "''',,,,_ °7' ' Roads ; � , a . 25 e �`�v `a ! ;� �'�,/� � .�'!f`S�� 1 � � '�./,; ` �ti �^\�^� '�_. � CSAHCL � ` � _,� , a � �� .. , Ri�FR cnc� �, � `ST� `� — MUNICL .' ' � F / ��• A� ` p�,.I�� ` r; . _ "`.r .�\ _.. PRIVATECL ,� '� � �/� : — TWPCL � � - 155010052110 p' � '�' : � � ��'• Highways i� ` ' � � +� � /' : `�, Interstate ��` � �t / � ' '� � State Hwy � �' �� .� ` �``�� 25� : �., �. � , � � !.� — US Hwy � , ,� , , f / ?�� . � ,�" � `'._ t f � •�-7 q ' �� City/Township Limits e � J� r � 41 • � � C ..,76 . e�,oq . .. ,� �_�' :, � � '. ;__.^,S1'S521`840�1�010 ❑ t � ._ , �� . ��'% � � : . , F [V� _ � �� Parcels qr ,..-. _ ; _ , ,� � ,� �<< �v � , �, �, . , Q. . � ��' , ,�.� � f � ` 155'Oi 0 ., � � , � e� . ��% ; � � � p ioqn �� ` ��' ,�- � ,� �*�i ;' , Parcel ID 155010052131 Alternate ID nla Owner Address BIFF'S GARAGE LlC Sec/Twp/Rng 1i-121-025 Class 233 - COMM LAND & BLDGS PO BOX 524 Property Address 112 W RIVER ST Aaeage n/a MONTICELLO, MN 55362 MONTICELLO District 1101 C ITY OF MONTIC ELLO 882 H BriefTaxDescription Sect-1lTwp-121Range-0250RIGINALPLATMONTICELLOBIock-052THPRTSOFLT513,5&6DE56EGATM05T ELY COR OF LT13 TH 5 25D16'44"W ALG SELY LN OF LT13165.36FT TO MOST SLY COR O F LT13 TH N64D58'26"W ALG SWLY LN OF LT133.O6FTT0 OUTSIDE BLDG LNTH524D18'S1"WALG SD OUTSIDE BLDG LN.27FTT0 BLDG COR TH N65D40'10"W ALG SD OUTSlDE BLDG LN 44FTT0 BLDG COR TH N24D18'S1"EALG SD OUTSIDE BLDG LN 78FT TO BLDG COR TH S 65D41'09"E ALG SD BLDG LN 3.33 FTTO NWLY LN OF SELY 45FT OF SD LT13 TH N25D59'31"EALG SD NWLY LN 3.11FTT0 SWLY LN OF NELY 85FTOF LTI3TFI565D EALG SWLY LN 30FfT0 NWLY LN OF SELY 15FTOF SD LT13 TH N25D 16'44"E ALG SD NWLY LN 85FTT0 NELY LN OF LT13TH S65D E15FTT0 POB {Note Not to be used on legal documents) Date veated:l0/9/2017 Last Data Upbaded:l0/9/2017 2:55:19 AM Lv Developed by �� The Schneider Corporation EDA Agenda - 07/10/19 4c. Consideration of Block 52 WSRR Survev Quotes (JT) A. REFERENCE & BACKGROUND The EDA authorized the solicitation of quotes for purposes of determining the exact boundaries of the Wild & Scenic Recreational River (WSRR) in relation to Block 52 at a special meeting on May 29, 2019. Quotes have been submitted by the following firms in the amounts shown below: Name of Firm Amount of Quote Bogart Pederson, Becker, NIN $ 9,100.00 WSB, Golden Valley, MN $ 5,340.00 Anderson Engineering, Plymouth, NIN $ 4,920.00 The low quote was submitted by Anderson Engineering, Plymouth, MN. A review of the submittal by staff confirms that it meets the requirements of the RFP. As a reminder, the EDA is seeking the WSRR survey quotes to reliably determine whether Block 52 lies within the WSRR Overlay District. The WSRR ordinance would have an impact on Block 52 redevelopment in terms of design, density, height and overall review process. It is believed that Block 52 lies outside of the WSRR Overlay and the Shoreland District though staff want to be sure to provide accurate information to Beard Group. Al. STAFF IMPACT: The staff impact from discussing the Survey RFP with qualified engineering firms, sending them the RFP and reviewing the submitted Proposals is estimated to be about 5 to 6 hours. All tasks described above have been handled by the Community Development Department staff. A2. BUDGET IMPACT: At this point, the costs to complete tasks related to the WSRR survey quote process is fairly minimal, involving only staff payroll expenses. The expected future budget impact is tied to the EDA decision related to selection of an acceptable quote. Since this is professional service, the EDA has the leeway to select the most qualified firm regardless of the quote amount if it so chooses. Funds to pay for the surveying services will be drawn from the EDA General fund budget and, specifically the "Redevelopment Activities" line item. The 2019 EDA budget set aside $123,250 in this line. There have been no expenditures coded to this line yet in 2019, although the previously approved soil boring services work was just recently completed and no invoice has been received yet. The approved amount of the soil boring quotes was $5,655. B. ALTERNATIVE ACTIONS: L Motion to authorize the lowest qualified quote for W SRR surveying services for EDA Agenda - 07/10/19 Block 52. 2. Motion to deny authorization of lowest qualified quote for W SRR surveying services for Block 52. 3. Motion to table consideration of quotes for W SRR surveying services for Block 52 for more research and/or discussion. C. STAFF RECOMMENDATION: Staff recommends that the EDA select the lowest qualified quote among the submitted proposals. Completing the surveying work will provide the EDA and the selected Block 52 developer, Beard Group, with accurate information regarding potential limitations as to density, height, necessary design adjustments and the overall review process. If the EDA selects a vendor to provide survey services and authorization to enter into a contract for said survey services, staff will proceed as directed. D. SUPPORTING DATA A. RFP Format B. RFP Submittals C. 052919 Staff Report � Request for Proposal (RFP) Boundary Survey � Block 52, Monticello, Minnesota June 24, 2019 The City of Monticello Economic Development Authority (EDA) has created this Request for Proposal (RFP) for a boundary survey. The survey will be used to determine the Minnesota Wild & Scenic River district as it relates to Block 52 in downtown Monticello (See Exhibit A-1 thru A-3 — aerial photo and illustration of context of Block 52). Block 52 is currently being considered for redevelopment to potentially include a maximum 5-story residential / mixed use building(s), underground parking, and parking lots. The potential redevelopment activities timeline is yet to be determined but a realistic time frame is within the next 20 to 24 months. The survey will help City staff and the EDA to better understand development barriers as they relate to the special overlay district. The information provided in Exhibit B consists of Metadata Overview from the Minnesota Department of Natural Resources (MN-DNR). Proposal responders should understand that the survey will include the riparian Mississippi River area to and including the area in Block 52 as it relates to MN Rule 6105. The survey should specifically include the ordinary high water and bluff line indicators. The survey should also denote the four corner points of Block 52 and provide an elevation at each corner point. Proposals should include all costs associated with staff time and the survey work, including travel and final survey document preparation expenses. The expectation is that the completed survey will be provided to the EDA in a printed and electronic version. The deadline for submittal of the RFP is Monday, July 8, 2019 at 4:00 p.m. RFP Responses should be submitted to Attention: Jacob Thunander, Community Economic Development Coordinator, Jacob.thunander(a�ci.monticello.mn.us. Questions about the RFP may be directed to: Angela Schumann, Community Development Director, phone 763-271-3224; email Anqela.Schumann(a�ci.monticello.mn.us or Jacob Thunander, Community Economic Development Coordinator 763-271-3206;email iacob.thunander(a�ci.monticello.mn.us or Jim Thares, Economic Development Manager, phone 763-271-3254; email jim.thares@ci.monticello.mn.us. Bogart, Pederson & Associates, Inc. LAND SURVEYING CiVil ENGINEERlNG MAPPING July 8, 2019 Jacob Thunander City of Monticello 505 Walnut Street Monticello, MN 55362 jacob.thunander(d�ci.�nonticello.mn.us BeCker Phone: 763l262-8822 13076 First Street Toll free: 888/210-8301 Becker. MN 55308 Fax: 763/262-8844 RE: Professional land surveying services, Block 52, Monticello, Wright County, MN Dear Mr. Thunander, Thank you for contacting Bogart, Pederson & Associates about your need for professional land surveying services. We understand you would like to have the property lying within Block 52, Monticello, Minnesota surveyed. The following proposal outlines the estimated survey tasks and related costs for surveying your property. SURVEY WORK We will survey and mark the corners of the property and provide topography with elevations at a114 corners of the block. We will also locate visible irnprovements and encroachments. We will locate the ordinary high water line and the bluff line of the Mississippi River as well as the setbacks from them. We will draft a Certificate of Survey showing the items located in the field on the day of the field work and provide you with paper copies and an electronic version of the survey. The following estimated costs outline the services previously described: Certificate of Survey ............................................................$9,100 ASSUMPTIONS & CONDITIONS 1. Services beyond this agreement shall be compensated as "additional services" on an hourly basis. MISCELLANEOUS TERMS Ownership of the drawings: We retain full ownership of all drawings and calculations prepared by us for your use. We will provide you with all the drawings to be used or distributed by you. We will not release drawings we have prepared for you to others without your express consent. NOTIFICATION OF LIEN RIGHTS PER STATE LAW CONTRACTORS NOTICE TO OWNER (A) ANY PERSON OR COMPANY SUPPLYING LABOR OR MATERIALS FOR THIS IMPROVEMENT TO YOUR PROPERTY MAY FILE A LIEN AGAINST YOUR PROPERTY IF THAT PERSON OR COMPANY IS NOT PAID FOR THE CONTRIBUTIONS. (B) UNDER MINNESOTA LAW, YOU HAVE THE RIGHT TO PAY PERSONS WHO SUPPLIED LABOR OR MATERIALS FOR THIS IMPROVEMEIVT DIRECTLY AND DEDUCT THIS AMOUNT FROM OUR CONTRACT PRICE, OR WITHHOLD THE AMOUNTS DUE THEM FROM US UNTIL 120 DAYS AFTER COMPLETION OF THE IMPROVEMENT UNLESS WE GIVE YOU A LIEN WAIVER SIGNED BY PERSONS WHO SUPPLIED ANY LABOR OR MATERIAL FOR THE IMPROVEMENT AND WHO GAVE YOi7 TIMELY NOTICE. Sincerely, Proposal Terms accepted by: '�'�'`'� � '�� 7/8/19 Rick M. Blom, LS Authorized Signature Date Project Manager Printed name of Individual ws b July 1, 2019 Jacob Thunander Community Economic Development Coordinator City of Monticello RE: Boundary Survey - Block 52, Monticello, Minnesota Dear Mr. Thunander: On behalf of WSB & Associates, Inc., I am very pleased to respond to your request for proposal for surveying services, it is our understanding that you are looking for a boundary survey of Block 52 and the riparian Mississippi River area adjacent to Block 52. Deliverables — WSB will supply you with a signed boundary survey PDF and the cad files associated with the survey, the cad work will be done in Civil 3D software, the survey will include o the ordinary high water and bluff line indicators, the survey will also denote the four corner points " of Block 52 and have an elevation at each corner point. c; z � WSB proposes to complete the tasks as outlined above for a lump sum fee of $5340.00. � � We should be able to start this work within 3 weeks of given the notice to proceed. 0 0 � If you are in agreement with the terms as outlined above, please sign where indicated below and d return one copy to our office. Thank you for considering WSB for you surveying needs. We are looking forward to working with you on this project. If you have any questions regarding this proposal please contact me at 763- 287-7159. Z Sincerely, By_ � � J a WSB & Associates, Inc. W Title z � Z � ��' � o Pete Helder W Survey Group Coordinator, Principal � � � � w � Z W � Q Q Z W X 0 � H:\proposa Is\Monticello.docx July 8, 2019 Jacob Thunander Community Economic Development Coordinator 505 Walnut Street #1 Monticello, MN 55362 Re: Surveying Services Proposal — Block 52 Boundary Survey Anderson Engineering of Minnesota is pleased to submit a cost proposal to provide professional surveying services. In accordance with the Request for Proposal dated June 24, 2019, we propose the following: • Perform a field survey locating the boundary evidence and buildings within Block 52 � Stake the four corners of Block 52, as platted in the original plat of Monticello, and determine the ground elevation at each corner. • Field locate the top of the Mississippi River channel bank (OHWL) and the bluff between the river and the asphalt path. • Prepare a certificate of survey utilizing AutoCAD showing the property boundary, buildings, OHWL and top of bluff. • Provide paper, electronic pdf copies and an AutoCAD file to the city Anderson Engineering of Minnesota proposes to perform the above outlined work on a Lump Sum basis for a total of $4,920. This fee includes research, copies, fieldwork data reduction, monumentation, and travel expenses necessary to complete the described work. Any additional work requested will be performed at the specified hourly rates listed in our current Fee Schedule unless other fee arrangements are made prior to performance of the work. We can begin work soon after the notice to proceed and would expect to complete the survey within 15 working days. Please let us know if you have specific scheduling needs and we will make every effort to meet your deadlines. Once again, we appreciate the opportunity to provide this proposal and we look forward to working with you on this project. If you have any questions or require additional information please give me a call at (763) 412-4023. Sincerely, A rson E ineering of Minnesota, LLC � � David Anderson, LS danderson@ae-mn.com 13605 1st Ave N#1Q0, Plymouth, MN 55441 P 763.412.4�00 F 763.412.4090 ae-mn.cam 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 W SRR 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 WSRR survey for Block 52. 3. Motion to table consideration of authorizing solicitation of a W SRR survey of Block 52. C. STAFF RECOMMENDATION: Staff recommends the EDA authorize solicitation of a WSRR 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: 7/10/19 4d. Consideration of approvin� pavment of bills (JT) A. REFERENCE AND BACKGROUND: Accounts Payable summary statements listing bills submitted during the previous month are included for review. B. ALTERNATIVE ACTIONS: Motion to approve payment of bills through June, 2019. 2. Motion to approve payment of bills through June, 2019 with changes as directed by the EDA. C. STAFF RECOMMENDATION: Staff recommends approval of Alternative #1. D. SUPPORTING DATA: A. Accounts Payable Summary Statements � �' � � � � N Q..� � ' N 'J� �� '� -' � O . � O v � T N C� U '� o � � � y_ N `� p "' N � A � � A � y N �j � Ci O O � � }� � � O � U � � V] U � � � :� � H �� 0 z 0 4 � C � � � C O .� L U a L O C j n I n o I o 0 0 0 0 0 0 0 0 v� v� L7 L7 U z � w c 0 v � ° z � a � �/' F� � � � 5 Q � O O `J� :11 � � M Cl � � 0 0 M M � � � � � � N N 0 0 0 0 0 0 � � � a� c� N � O N O 0 a O � r p � � � � H � 7S]1 XENIA AVENUF 5 SUITE 3pd MINfVEAPCJLIS, M�! 5541fi City of Monticello A#tn: Vllayne Oberg, Finance Director 505 INalnut Street, 5uite 1 Manticell�, MN 55362-8831 � C� �� ,, „ �t�19 t��., - May 28, 2019 Prbjectllnvoice: Re�iewed by: Project Manager: 2019 Economic De�elopment Services City 5tafif Re�iewer - Jim Thares Acct # 213.46301.431990 Professional Services from April 1, 2019 ta Apr'rl 3D. 2019 !'hase 001 2019 Econornic Developm�nt Services Month�y Retainer Fes Tatal Fee P�rcent Complete Billings to Date • r 11 11 R-013322-004 - 4 Bret Weiss James Gromberg Y Y � � 33.3333 Total Earned 3,000.00 Previous Fee Billing 2,250.00 Current Fee Billing 750.00 Total Fee 750.00 7otal this Task $754.00 Tatal this Phase $750.00 Current Priar Fee 750.{l0 2,250.00 Labor 0.00 865.50 Totals 750.00 3,115.5� Total this Invoice $750.00 Total 3,OD0.00 865.50 3,865.50 ftequest date: 'J� ' �-� ' � Check to: Harry T. Lanto �O% Znd AVe S Buffalo, MN 55313 Meetings Worked: CHECK REQUEST Check Amount: � �✓�� o� Uendor #: Meeting Date Time Amount Due Planning Commission � . `� . � � 2J ''j� �', �---� � City Council � , j � . j o� , --�� (p('� EdA -rj - �%j • � I �- � ��' City Council � , � cd , � ,r�� . � S ��Z .� � Total Due: �� Planning Commission EDA: c�ty cou�,c��: 101.41910.41990 213.46301.431990 101.41110.431990 � �D c� � � �2 •� Authorized By i Date: 5'�� •�� TIME SFiEET ATTACHED City af Monticello Updated October 2d1$ NAME: POSITI4N: CITY C]F � -z�' �%r1t1C��0 TIMESHEET HARRY �ANTO PUBLIC �1IlEETING REC�RDER - CONTRACT i DATE TIME IN TIME OUT l� __�--- - - _ j -�� t � ar`1�+� � �:��Pl� C� y �� .� � .� _�T _� _ `��_��.� �L� . �� ; ��2 �� f5�� ' _�._ � - -�- HOURS MEETING MEETING PAYME�T: $60 FOR FIRST 3 HOURS $10 PER HOUR FOR EVERY HOUR AFTER -� MEETING RECORD.�:,HARRY LA T --�;' �" Y SIGNATURE ; l'� `��` �� " DATE: `? l ��,z� AIJTFiORIZED BY: ' DATE: '�J " �-�i • �"i 0 z 0 4 � C '3 � � a 0 .� L � a L �r�. C j O O O O O O O O O O O O O O O O O � O � �D �D O O O O O,� O ,� M O M •� •— O O �D �D O o0 N O �. � N N O� O� �n �n N '�O � m T T r� r� --� N N � � � ..'7 ..'7 00 ..'� O� O� O� l� �� ..'7 ..'7 ..'� O ..'� N N N N N r1 N � � � � � � � � 0 0 0 0 0 0 o N W �� O N N O � O � N �r � V'� V'� V'� m V'1 V'1 M V'1 m V'� i/'1 '-J N N N �p N N � N � N �p 4-' F � � � � l� l� � � � � � � O O O � O O � O � O � � "' O Q Q Q Q U] x 4ti 4ti .+�. 4ti i. � y �-' -�-i cd � c^C N y �� Y y [� Q y Q � N �.O � U V] O� W � ;� � � � � � �I] � Ci] '�-+ !I] � i. � . • l. i. � p O O` � x � N N � y � � � .� � c'" y � y � � y � � � � . � � y �s � d�, y � � n n W �' ° w -� � � � a H y ;� � � bn ;� � � a '� :� y W n a x� � e��' � � � 0. w �"�� r � y �7 w �7 � b�. � N �� z �� WWW F �� v Q Q Q ;� ;� � �� z qqQ HH ' x �� W a �4' �4' �' ti ti O Z O O O O O O � � � � � � � � � � _ _ M M M � � � � � � � � � N N N O O O O M M �� O O M M l� l� � � � � N N O� � � N N �/ 1 � � N P�g�: � K��nedy � Ca�r�ver�, �J��r�er�d �Q� ��t�r �ixkh �t�e�t, ��ite �i�} h4� �re�p�lis. h�1hl ��4�� ity of M�n#i�eflo ,4pTir 3�, 2[�19 @11N'9�0-{}O��i G�ner�l EDA hrl�kters, Thr��rghApril3t� 2(]1� For All Le��: �erue��es As F�r�eo�vs ��`��r�09�J M�JI Review a��ercf� F�r r�[�a�tf�ly fir�an�� e� d �� I r�� i�ry �y I 4J4�1�� V L�Ih/ I 4f1 ��+2D1� MNI Monthly fin�nce call vu�ith IV�rthl�r�d, caty sta�# Tc�tal ��r+�i�es Hou�s �'�mou�t '� �Ci 4;, O�J c�. 8�} 1 �0. C�0 � �OC�,17� T�t�l 5��?vi�ce� �nd Disburs�rnenks: � 240.0{� K�r�r�ec�y � �;r�v�n, �hart�ered �+�� South �ixtr �tre�� Su�t� ��0 Minrt��ppi�� hr1N 5540� {�12� 33�-93�C� �31-122��94 M�� 9. 2i�1� �tatemenk No 94�701 Ci�y �f P.�I�r�wi��ell� A�coce�rsts Pa�+��le 5Q5l�Valr�tf�a�ens.,e. ��ite 1 Mc]n�ic:ell�. [�N 5�3�� Thr�,u�h A�r'il ��1. ��?1 � MN'9(J-D�10� G�ner�lE�A�latters I de�l�r�, un�ler p�^�Pty �f law, th�C lhis ��r�u�nt, �I�im €�,� tlem�nd is ust and carre�l aa�d t��l no part of it has beer� p�id. r+i 1F` . 5igriatur� af Cl��rr�ant I� �� 0'� 00 T�ta� C�urr�nt Bill�rsg: ��O.qO Julie Cheney From: Jim Thares Sent: Tuesday, June 18, 2019 322 PM To: Julie Cheney Subject: RE: Kennedy & Graven (3) Julie, these are all okay to pay. Please code as follows (See Red): From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Tuesday, June 18, 2019 9:10 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: FW: Kennedy & Graven (3) Following up on these invoices. I'd like to include in the check run tomorrow. Thanks! From: Julie Cheney Sent: Monday, June 3, 2019 2:47 PM To: Jim Thares <Jim.TharesC�ci.monticello.mn.us> Subject: Kennedy & Graven (3) Jim Attached are the following invoices from Kennedy & Graven: Inv# MN325-00041 — GMEF Loan — Monticello RV -$420.00 213-46301-430400 Inv# MN325-00040 — Business Fa�ade Grant Program -$681.00 213-46301-430400 Inv# MN190-00101 —General EDA - $200.00 213-46301-430400 Okay to pay? Please provide coding. Tha n ks, .JuCie C(�eney Finonce Assistant City of Monticello 763-271-3205 Julie.CheneyC�ci.monticel lo.mn.us APC�ci.monticel lo.mn.us �� I'l�T{�� Email correspondence to and from the City of Monticello government offices is subject to the Minnesota Government Dntn Prnctices Act and mny be disclosed to third parties. i Page: 1 �i�'f1Y1��i� � '�i�lll�`fl, ��l��i�ii �Q� �outm� SixrF ;St�eet �uit�e � � Q Mirrrreaps�f�s. Mhl �5402 Nl�nt!�ello E[�A ��i ��. �� PJIN3��-fi��7�J�(7 Business Fac�d�e �r,ant Pragram Through April �0, 2�1� Fc��r Afl Leg�l ��r+�ic�s A�s Foll��v� ��{fi$?2C119 BA'� R�es��rch sta#ute �ker�r�t�tis�n A�t8J2�1� 4��i 8J2(J 19 4!1$��Q1� 4,+2��201 � 4r�2?�Q1� _ _� � - � �� - ', �� °I J1��1 . _ , ; , i ,� Ho�rs �rnoun�t (;.SG �'I �0 MNI Rev ��a�� tausin�ess subsi�y policy �ar�u�g� for n�le�sir�n [�f 0�C� gr�rts, err�ail k� ��ch�r��nn regar�inq sam� h+1Nl �ffi�� cs�nferenc� +�i#h I��n+ ��rk reg�rd�n� res��r�h on � 2� busin��s suk�sidy ex�iusi�� fc�r b�sines�e� �f s�r�ne g�n�r�l I�c��ion MNI C�ffic� �c�nf2f�n�e r��+ith C'a Fiorirri r�g�rding I�o��ki�n � 9l� �x��[ian ko ousines� s�bsidy; r�vi��uv �i[y p�licy �,+1�J1 �ffice c�nfe�ence yvith � F orin„ r�garding g�ar�t pro�ra:�n 1.�Q �nd exemp#�ca� frprv� bU�in�:5� S�bSidy ��S�d o� I��ti4r, phnrr� eonv�rsati�rr '�r th A SCh ur�l�nn r�g�rdirtg ��1e. err��il �r� A�ch�mann regarding p�ublic V�earing re�uirerr��nts A+1N1 I�t€��rti�ell� n�tic� fs�� Corn�rsSone f��ade gr�nt O.�Q Tc�tal Ser+rices: 6�.00 4�p 0� 18�D 0� 24�.Q0 10Q.�7(l � 88� ,0� Total ��rvi�c�� ar�d �]isb�rsennent�; � �r8'1.0� Julie Cheney From: Jim Thares Sent: Tuesday, June 18, 2019 322 PM To: Julie Cheney Subject: RE: Kennedy & Graven (3) Julie, these are all okay to pay. Please code as follows (See Red): From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Tuesday, June 18, 2019 9:10 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: FW: Kennedy & Graven (3) Following up on these invoices. I'd like to include in the check run tomorrow. Thanks! From: Julie Cheney Sent: Monday, June 3, 2019 2:47 PM To: Jim Thares <Jim.TharesC�ci.monticello.mn.us> Subject: Kennedy & Graven (3) Jim Attached are the following invoices from Kennedy & Graven: Inv# MN325-00041 — GMEF Loan — Monticello RV -$420.00 213-46301-430400 Inv# MN325-00040 — Business Fa�ade Grant Program -$681.00 213-46301-430400 Inv# MN190-00101 —General EDA - $200.00 213-46301-430400 Okay to pay? Please provide coding. Tha n ks, .JuCie C(�eney Finonce Assistant City of Monticello 763-271-3205 Julie.CheneyC�ci.monticel lo.mn.us APC�ci.monticel lo.mn.us �� I'l�T{�� Email correspondence to and from the City of Monticello government offices is subject to the Minnesota Government Dntn Prnctices Act and mny be disclosed to third parties. i �+lon�i�eilo '�[�A A�ril �� 21�19 P��e 2 �C�r�r��d� � �rav�n, +Ch�r#er�d r_._-Y- �oQ ��tt, s�x:r �t�eet, �uire �?�} . I � % � L� f i `•.�,` � . ., ` Mwnrs��p�:Fs, Mhf 5�dC12 �'� � M� � ---- k{ I �' � � r � � til;_Iri ?�11� � ' � f�IN3�5-OL[]�7 �MEF ��an - IN9ontieello RV Center ThrCs;a�h A��I 3�. 2�' 9 F�F A . Lega �ervic�s A� ��Il[r�,vs: ��21�(��9 MNI [�r�ft ��p� ov ng �-e�� F�r �+lonticello DSf� Ir�v�akm��ts GMEF loa��r 419;2�19 h+1N1 R�s��r�h suk�r�gation provisi�rt�; phon� convers�kit�n wit� J Thar�s rega�d�n� sam� 4J17f2Q"�9 Mf�l Prep��e execu#F�rri �opi�s of I�an dc��uments for C}Shl Investrrfent� �losing 4; rt8,"201 � P�1N1 �e�+i�v�+ b�rrt�w�r aett e�rrent sl�t��nt; em�il �.�rresp��dence with J Th�r�s se�arding 5�rn�. T�tal S�rvices Ha�rs Arnount �.�a fi��4 D� Q.�O 6[l.f]p Tcatal ��rvic�s 2nd Disbur��ment�: 5 42�,�� Julie Cheney From: Jim Thares Sent: Tuesday, June 18, 2019 322 PM To: Julie Cheney Subject: RE: Kennedy & Graven (3) Julie, these are all okay to pay. Please code as follows (See Red): From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Tuesday, June 18, 2019 9:10 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: FW: Kennedy & Graven (3) Following up on these invoices. I'd like to include in the check run tomorrow. Thanks! From: Julie Cheney Sent: Monday, June 3, 2019 2:47 PM To: Jim Thares <Jim.TharesC�ci.monticello.mn.us> Subject: Kennedy & Graven (3) Jim Attached are the following invoices from Kennedy & Graven: Inv# MN325-00041 — GMEF Loan — Monticello RV -$420.00 213-46301-430400 Inv# MN325-00040 — Business Fa�ade Grant Program -$681.00 213-46301-430400 Inv# MN190-00101 —General EDA - $200.00 213-46301-430400 Okay to pay? Please provide coding. Tha n ks, .JuCie C(�eney Finonce Assistant City of Monticello 763-271-3205 Julie.CheneyC�ci.monticel lo.mn.us APC�ci.monticel lo.mn.us �� I'l�T{�� Email correspondence to and from the City of Monticello government offices is subject to the Minnesota Government Dntn Prnctices Act and mny be disclosed to third parties. i ��I� E.1�� PL[3l' F; F, 1��: I I�'1 [�l] l�� EP►�1 E'� T��'f�l; �=1i C l� ��r�' �F I1��1]tiTfC:ELl1� fL1��c�1rr�� 1:'1:=�1 �1� �� J�?�1 � ' +�� 4..'r—°. �- ..� L�ATE �F R E{��l �'�"l' � � � �r�dress tc� 1t+�ai9 (�f ne�essary� Pi7R��Fr'I�A'1'� �� .,�,r+n o�+. ��J` � �� i��. ��.k ��r �nultiplc r��ueat�l LC�'�'.+�a�I�I[�N � �-� �` � �I'� � �o �. �� ,r� c�� i�e� 1i��ck f�r �Y2�rlti�i� r�yuests) F?iPF:1tiS��: �Please rc�r�ecn�� "f`r�r�el and Reimi►uesfmcrit Poli��']� � 14�Iiie�� .5� pr� m�Ee� $ � {Tc��l miles ��} F�i:i�rshur��k�le d.etit7cil �n k��ck_ �A r_ity vehi�l� w�s nat auaila�le. �Tr�velin� dweertion warranted ��rsranal veh�cle use_ � Tr2veling �c�nditions warra�tec� per5�rr��l w�hi��e use. � Other f�arkin� F�� I��C ea i � Lc�d�i�7 ti SC��BT�]T� I . C�t l� �r � I�e��. �St�c�n 5IU`iti � � �' _ �-�� C�fr�lF��:�, J��'�"�+�� {i��c:lude c�r�1��cl, ��c.°rr�r=c�c� +-c}�'c�r��ts�) �� ,? �� i�ic:iu�c del�ed, r�c�ra��:er� 1i�tcl h�ll) .=��c:«unt �lu«�h�r �_ � � _ ��7'��-�;31{�(� ��. � :� � .�c�.c�ur�t T�OT�►L T[� F',��' �1�PkC�VED B I��TE: �� At��ck� �c�pie� of��cuo°n��ttatic�n. i��cludiri� itft��c�ic:�:�. rec�ei�ts� seriYiiiar ccrtiti�:�t�., �.t�_ Pc�l�c��: ��i��b��sable i�tile3��;� ��ill b�. tttic 1ess�r� «i {�crual �ni1�.5 �ri�'�d7 fi'��} i�c.�n�ial ��c�rk loc_ati�ii tn �I�c�917l17�;.+�iRL"L;ilIl�+��tif'er�eii�:e l��c�tiim c�r t�i� t7ctusil ��il�� ia��+e�cd fr��i di:��artur� lc,��lic�iti l�� dcstr��ti�n les� tl�� il�a�e c�t'�:��i��ute �c� nc�n��] ��s��rk I�oc�tic��1. lnstru�#�ons; f f' �c,1� arc. Ic�i��in� si1�C� reiu��ir1�. to �'C�1'�t. ��C I� hc�xe� 2, ��t��i �, Utt�erwi�e, aul�tract � t"ri,iti7 tlic lc��++�r c�1" I,? c��r � ti�r ir�iles �l�im�s3. * �ir [�or� tc� c��tir�ak��n] 6l18{2415 9��fi �akcres� �t. �auk Rapids. �1N 5�37��542 !o �anal Park Lo€i�e Gir�etiana � Map�5ues1 YO�1� TRI�P TC�: Car�P Park Ladg� � Nrt �� r�Nr� � ��a� nn� � w��l .�I�+��:t �s#. fu�l ca�st: $7�J.40 Trip #�mq baae�! on traF�ic caoAltion� *p gf 3;�1 Plq on June 1Q, ��I�it � f�ll h��311h F2�]4f'[ Of rour c�r wit!� Htrh�t 2019_ Ctirr�nt ira�s- Lig�k V�FIIC�£ �IdC�1��65CICS ��4ff] �'4��-2�#1 {� 1, Stark out g��ng SoutFr srn t�akc�e�! �t toward [��1�crest ar Y Then �1.Q� m�1�5 L�v�4 kalal mi125 � 3_ Tu�n lef� pnkv �akcrest Dr. The�n 0.08 rniles � 3. ��ke ih�e 1st left ont� O��kcrest �n �f y�u re��ch tlre �rrc� crl Q��rcrest �r you've gor�e a fatile ��4 f�r, Than 4.1� rrr�GeS � �. T�k�e the 1sk right csntn 10th SA. f� you are an �Gar�efi 6ro�o-k �r �r�d reac�h 8ror�k �t y�u'w� q�n� �4nc,f L1 fi miPes tao Ie r, Then Q.32 rrrile� � 5_ T�ke ih� i�t right on�� N9ayhex+ Lake RdlCawn�y Hwy-1 Can[inue ta ftrElauv hAayhew L�ke R€i. l�+P�y�a�w iak� R�l r5 0 T rrrr�es �ast f,'r��srde f�d. �f yor� ane +an TQ�h Sd 2flr� Y��C�+ Ql��bEC4f F�d }+�I��V� t�#}�T9 �bCrt�f �� Itir1�5 �*O0 f&�, Then a_�7 miles � 6, T�rn I�ft anto �I�ghway 23JMN-�3. ��r�tinue ta lol9ovr MN-�3. �,�1h1-�-3 rs}ustpast �,'ig�awsy �3. ��you re�elr �r4nf Sf you've gone e JiftJe Patr iar_ Th�n 45 i1 rniles � 7. Turn left on4o f-li�hway 55+MN-65lh�N-2�, F�Prghw�ay 65 is fust pa,s1 Fr.ar,��e .R�f. rF y�a; �r� �.� �a+a �n snd reaci� 5arake F�rw�r pr� y�aa�'v� [�tr�ne �bout {7. � miles f00 I�r, Th�n i.6;� rnlles 0.11 tatal rn�les �}.21 tolal r�°�IleS 0.53 total rr�ile5 1.1d tqt�l mil�s 46.StJ lotal rnile5 48.43 CGk�I m�les htl�a� r�vrrr�v.mapques'_CDI`MlBi�'eeticin�.+lisi+llus#mn��Uk-FBpi¢sd�6379�50219��-��kcrest•ct-45.58a05�.-fP4.14�7,�Jia�us�m�n�ne�a9aicenal•��rk-ladge-2. . ir3 Fi 1$+7314 925 O�k�fest Gi. 5��k R��ids h!N 5f��7f1�45�12 to C�n&I Park iodge Dir�cki�ons - DA�pC]�iesl � 8_ Turn righ� on�o Fa�rest .A�we�MN-�� CGnli�aue io follcr�v MF�-23_ JVP�'�,'-23 P.s � 4 rn#f�s p��f C��k S!. C.h�rr's ��rdexr f�est.�erraaat �s orr f�e r+g�+�- TI��n 1T.56 rniles � 9, Sk�y G#r�igh�t ta� ga �nto 5tat� Highway Z3�St ��4�x Seenic 8yw�y1MN- 361?�nunty Hwy-61. TheR D.�S miles �,� 14. Marge ont� I-35 M v�� 1.h� r�rn�p cn ih� lefk tawar� h!N-23 E. � �f yaa� �r� �n Courrty J�ig�r�vay 6 f and re�cfr Tie F�t� yo+�'v�9 g�rra abar�f 0. � miJes foo f��, 'ih��1 7�.1� miles {y�T 11. Tak� Ihe 5th hwe titif �xi!. E�I7 256B. #aw��d L�ke Ava. � Ch�n 0.2D milas ..�. 9�. Keep s#raighi ta take the L�kc l4ve r�mp � Th�n Q.�7 r�il�s ..�p 13. Keep right ia lake tfre Lak�a A�+e NfLake A�e S rarnp. � Then �4.1� rn�les ��.� 74, Merg� #ntd S L2ke Aue. Thers 4,1� m�les � 16. 1�arn �ri�Mtk t� S�3y s�:� 5 Lake Ava. Then €} 12 rraales � 16, h4�k� a lJ-turn �t Ftailroad �t ontsr Can�4 Rark L�r� Then D,(71 mlle� ��'"1 17. �an�l P�rk Lo�g�, 250 Canal ��rk Lr, auluRh. MN �5� ��4NAL �ARi{ DR �s �� on the right. I� 5ave t� My Nia�s 65.99 k4k�l a'raiFes 5fi.14 �Qtal miles 14�5,�0 k0#dh mil�s 142,5p �oSal m�les 1�2 57 lvtal mlles 14�,7� tG#�I miles t��,�4 ��tl�1 md2s 1d3.D�iotal rnil�s i a�,46 t�rSdC mibrs use �:I dirgc1 v�..'B BM,� MlfipS �5 S..GIg�I ;n niu (arrnx of Usc* 'J�e� tlar�'L guarae�",e= acc�•raGy. rq�;a �.�n�itiprr5 �r �,sahil•I��{ YaU aasume zll eaSk 41 uSB. hCt�rs.tiu��rw.n7apquesl.com?d,reetianadlisG'i�us�rnn�sauk-r��idsr6��7��5U2r926-o�k�esl-�ct-d�5.5�0055,-�4 �4[1Fi7afl�usrminn�sai�fcana�p�rk•ladge�3 . 213 �71$�201'� 92� C]alk�rest Gt, Sauk Rap,ds. f.�►� 56379-45G2 t� Canaf Park l.odge Q�re�:tions - MapQuest � --- � ; e • .16g4 e C��an�t ' - ° . � ��=C15 +� ` — , , "� . .� � � ¢� �� a . • , s .,;�� -, ,, - . S # � ' ;. -t �� .� � ;�� 1�+��.. �. '#_� Y � .. . � ' �� `1 �� d� � '�"`. e .. �� _ �� , } f• ' r�r� � 1 pti[ 1�1 G�� LI � � ? -� �'i � �`t��, � -�. 1�� . ia � Ad�x.�nd�,� (��'. �,--} -� � ��51 [ �i '�.� ` � ♦� _r. ti+4i!IIt38r �� Hvl�hiny+�n ,;,�t ; zi,�'� $ s3� �._.,� .�- � � �.' '4 � ,: f�y' f 3ct �ethel � � `� � �' �631 __} Mlflfl��}4t15 �. � . '1 hiips:, hw,rw,rnapquest. corrr+direcliaresrfrarn#u�+mr��5a4�k-rapidsi�fi 379-45f12P�2frr��kcresl-c!•4 5.��0058.-84.14U87�11ad�s�minne s�tal�a na�park-l�tlg�2 1 d� CIT�' �F �"�C?I�"T�['�;i_,1.�[} �'�UCHER J'Jr.��a:� r.nrrifr�c'tt', xt�?�7, crr�ca'sirhxrr�t tra �crt.s }�crvr��ale J�y t#are' cfcr[t� fur�['h��'k �-irn. � 17isk�, �'k, I�atch F'a}� h�': �`FM1[]�li�, �� 4 1'�arne ,�,' � � a�tckcir�ss ] �p � Aci€ires� 2 � �'"ily:��ST.� �.i� � G�.+� �.. � '' ��I W �� St��icin�i��:. Ir1��oi�� Nt�: ��r�r��ric�� aF �xi��:��: I l� ��,�,��,�„� I 'p��i :��.t. ��,_ .aa,t�p��,� �I�(�T�L� 1`4f'1'ft(}��I) ]3� V�ll�il��.7CN� �r-�' ' i�i � � � �_ �Qt' u .� r�r.wt � r � +'�' �t � _ f.],�'7'L; � �� 1 � � � 1�4al�ith Eneert�3irxr�e� �[�rr+r�r�t�c�n �Cent€�r � ��1'r[1f7 j . ��.�'� o a 'HE 'NiL R7T 7f xEu°'3HSI�L� fOA Y6?S dP, �FW4vE T� �:RP 'yR i:4 ;�;.�TFraSS #AISN f �r TbEF. COiLC*��N ::A JI7P �'4�Is?'kH�TyJE4"cEL � '!�$ f= y�T A C.:IhTA�GT � pflLVfhT F�1F�91h�i �'AILEGF 4HLT AC9pCpEC N@PEi • PpC�EtT't7H ��?� H�?T CCARAH[EE87x w��4E.5.'tC� A�F 7._'�.E;_Y AEAiI'{G Sa+�CE. :�KNG P�A'11LEGF HE�EUx¢�R I5 RE�;��x':tE �r WdhA3EF�E'1� JFVN F;�FUxf7�QF RL�C'aIhSE �R4i. ��tl THIS P+TE 7��; CJESIC k.4anag�ef*7erti1 �.. .. .. —_ ..ti; ��. a . . � h � , �I11411 LJ IL�i KN� il s ILI �6 ��e �RLI FLJVh �+��'4! ��■■� _ �rt.iYV � TIE �.L '�T 9E ±IE3f045�S,E F[�§ _tSS 7H PaK4{I€ 'L CA�r OR �IIITiN� €k�J F�E� TI!€Ff� tC's�S�lh u3 .tiMT Cs43E'A�i:'3GFfEA. �. . IIBi �^YdT A td;,iqAti gF flr..Fd€Y. P.8AKI4C PAIPIE6E dF.�,Y _ �.4ti7E��.7 xEn�er, �T� �ICh IS �h;T GoJ.446N�EC OF i45Jp€5. �4J .y��'.�. ,�Sc NEPEL� !IE4�InG i�`Ix�. PdBRl4a PHf�ILdfs; h?FEpky�H IS EiE1�A94E H7- NA4,N&!IE4T IIPSk FiEfI�K[t �iF P�.�;.aa5: �a:� � G�O�� Xi6 UA,T� �R6i ��'w� �iaFla[!F3lR$ftt Ju�i� �her�� From: �ul��ey�e Pr�pert�+ Mana�ern�n[ & Realty �r�r�il c�m�na�geka�ildir�,e�� Sent: Tuesday, June x i, �+J19 ��6 �M ia: ,�P Subaec#: Le,�s� �i�tiern�nt for B��adw�� rking E�se�ner�t -�Q�r1h�lERC AL - 2 as af 6171i�019 � �ull�eye Property Manac�err7ent & f��lt� i}�.r��.:��i�: �!r]�'E: D() :dC�l ot�•:E�i.�r� �1-r� TF�iIS EMr�IL .�I�«��f�:SS fhi� wmail mi;sagc wkas �e�rt Irc�rn � e��asii5�ati�m-uiii}• ��r�� iFr;d[ �:�nnn�acc�.�i ii��nrriin�t rmail. L��S� ��.��1�r]�rlt �� ' � 1 ��.� 19 �ity �f M�ntic�llo ��nomi� ��uel�pmer+# Auth�r�ty �� Lake �t �uite ��14 Big L�ke. MN 55��1'� Dat� f��mc� �rivr balan�e ��27J2�119 41 � 12 [� 19 41241�fl 19 �f112�1 � �l�Of�019 �l1i��719 Paymer�f C�rmm�n Ar�a f�+lair�tenar�c� F�aym�nt �ommvn fi�r�� h�+l,�intenan�e Payrr�er�t �c�rnm�n Area tvlainten�n�� 7!1#��1� ��mman ��a Maintenar�c� , . , � , _ � ,_ _ �' � � � ``�,� � R �� i `"! � Rccour�t #: �}�}4Q��14 Bal�n�� 0_Op $12�.�60 Balanc�e du�: $7�9.60 P��me�zt i� due �n th� ?�#tl� �l;th� n�c�rrih_ If p��7��rit ist�'t r�c:�:.i��e.�l, � c�ne-ki�rr� fee �q��l tc� 1.5°l� �al'c�utstandin� �a1tt�lce� �vill be ��r�,�d c�r� tfic ��th c�1'e�ch trrnnth. 1'I�n��t �'e�ur' �c.c.uunt c�nlinr: htt��.!!I�ull�� e��rc��crti��.��i�n:t��huilcliMt�.c�rt► l�ul�se��e P�op�rt�� vl�rsa��rn�n1 � F�ealty� 7�i3�'?9�-{�56b f3uildiurri�'a;hulls��e�� ,coin i Nar�hl�r,d Se�'�riG��s. In�„ 15L� 5,�uth �'if�h 5C�2et. S�_t� "s3�J4 I°I'��11�'��+�11�� 6M JJ24i: IJS.� �r'[i]C�= 612-5�1-�9u.� �:1�: 61� -�3 �a - ��"s�� c�l�� 1'c�: ��t}+ of [�cmticellcr Wav ;e �:��<er�, r inaaive L�ir��tc��° _,'. � S•Tti? _. Sl':] I� =i r i;s• r_-:C , � l.l :l. �. L":� _. ''iv _L=Cp_.'r_.,r i*7=•: !s:,:'st�1 �� SE[_��RITIES Ir��F�i�� Int'+�i�� t'�'urnbtr: 5�;59 �Tl�°C�IC� Dftti:: �1;i.+�19 �ti�4:� 1 �'4��t��«7�:r E'(� �'�l}iT}ei�� I�e�•i�i� Sal�> f�c�r [I� f�ut I]�te �2��1E TIF Repa�-t-- . � ~,r�i:_ �,. ��y�� =.a- +.F.`1� _. _ -�. — — - _ I)��;ci°i��tit�n r'�mn4�nt F�r servi�ces re;aL�:a °.�:� ;.':=F r4�=_�._rir -:F ;c�g�rrtir:g. TIF 3�a. �2. 1�0_0� Please see en�1��3 �p�;� = - - (=heck :�n_ ��.��ol, ��1�� `�Lll)i�i�� 0 , G� � ��les `��ax T�c�tal ]n��ric� ��r��nunt ��r�ii4^ I'��rT3�nt E�ecei��d �CIT��I, hTain6�2-$�1-5��C7(1 � =:,11:=-:�,�t?iliJ-�i,�l.-;?��iJ � I�at61�-SJI-7�% �itl5c�uth �afth 5treek. -��-uit� :��011 I�tiitine�}xs[is, hf.�" 5�4U2 �J� rrihls� t�d�:�i v r i l°a�5.4 u=n hi��rFrrFliVl'�.p��vrcf S!f'C', Re,�rticrea� �YtP� SF�ar��{?ciSRR �� ".1lLlC F1�+�4N[� j��r��.T ��.E�� Cli�nt: Citt�� ,F 1�lonti�ello F"ro�eck: �QiB Annual `f'I� R.eportsn,�, T�F'w'�_ �� C��t�ct; W�yneC�b�rg Finanr� p�r�cE��r Citv a�i �Ir�nticellrr S0� 6'4�al�rui Str�tSuete l Mor�ti�ella,l�4tU 5;3b2 l�iliing F�riad: A�4ay 2[)l�t Serv�ices �erformed • C'��mplet� �IF �Z annaaa] repr�r#ing {�arrr� and prp €orm� 2naay�sis � �a]c�iake pn[afir�g far 1�IF �� and pro forma analy�;�i� Staff Time Expenses rok�1 ihis Perind � �'Ise fee For Ti�` 2.7 T'�rtal :4iile�,ge �'��n�ing Cltka�r 'Total t�.xperrsc� Pirope�t ��ammar�P �Tc,tal �iuclget F3iiled Ihss I'eri�ad �illed Pre�ior�s I�udget �erryaining f�lorthlar�d Seevrities, l�c- I�a�e �illa � $�390 59�0.0� Si�. QO �940 0(? Page � �f � 0 z 0 4 � C � � � a 0 .� L U a 0 C J m I m � I � a� I � I � I I � �., N � � �� _ � � �� ; � ; � ;; o � N � N � N N � �� O � � � � � � � [7 `� O � O � O O � Q O Q � Q � y .y? .? o V� CC .; � `�'` on � e . � a � � a � � � y � � v� ;� = cn y . Z � Q a � !� a ❑ o � � W �.' c�a W C ,.�" � �' o cs °' � � � � K '� � o y U y � v�j i� 0. y Q M 8 � 3 -� a � � � Q � � � 0. ' O � � � � W � U F � V V � � � � V V F F- F- � � � P. 0. 0. Q� O Q Q CK r�`�j CC CC .'7y � 0. 0. F- U � U U ,�z � :G :G ¢ a ¢ ¢ F0 �- P� P� cn F rn rr � � 7 7 O M M � m � � N O N � M � O M �'i N O O 01 01 � � M M � � G G M M �� N N '4�'en�inr I�at�; �,fT'ran�a�iicm �� Cli�r O� NfONTICELLCI City Ha�l �C�rd Tr�ns��tivn Ple�� 1ttaeh the in�roi�ef receipt �nd �ny s�tht�r availabfe d�[�r�'rert#�tion to tF�is forrn. To be c+�rnpleted k�y pur�h�iser: C� � �4rnaunt � Circle pur�h��r n�rne: Juli� �h+�ney Tra�y Erg�n Vi�ki L�erho�if R�ch��l Leon�rd J��f C)'N�ill 1IIt��'ay�e Oberg Sar�h R�thlisb�rg�r Jertnif�r ��f�reiber Ar��ela �ck�uimann Jatr�b Thun�ns�er �f�� - - C�at� apprav€�e! Speti�l �roje�t It or Des�riptio� ��rcle dep�ar#ment code: �ity �Goun�il Administration City Cle�k Finan�� H�rn,ar� k�esouree� Pl�innir�� ind Zvning ��t� P'eoces�ing Ci#� H,��I Eeon�mi� C�evelc��ment +C�rcle expens� code: 4�19�(] G�n�r�l Clperakirtg Supplies �#31950 N�ewsl�t��er Ser�+i�es 4'31990 hrli�c�ll�neous Prof Ser�riee5 43��7(� P�stag� _433�QC� �u�lj raiT nin�xp�nse� 4433�7�] �Du�s Memb�rship & Suk�scrip 4437p� Licens�s an� �err�nits 443�9�i h�list, �ther�Expense Other Jim Th�a�r�s Fro�m: n[rreply�ed�m.��te-ym.com Sent: Tuesday, M�y 14, ��1� 5:�� M T�; Jim Thar�� ubje[t: �c€��rramic �7ev�l�prn�n# Assr��eh�ti�n of 11+1ir�n�sot� - Th�r�k yo� for your �rder � � � - ' e � + t � � - � U�ar Jim ��aras, �Gonfirrngtian far the order pa��d ora �J14I2�119 Cli�k h�re f[�r � print�ble view pf th� rrrd�r. T�ae follc��rirx� is a descri�alion c�f the �rder= Order IVumber is; �61 G951�� f]rc�ered 1 pr�duc#� {see below): Pt�ciu�t Numtr�r Ft4�,�iRO Pr�da�ct- �i17 � �ummer G�n��r�r��e Attend��e �u2�ttity: 1 Rry�:e Each= ��15_{��7 Xolal �'ri�e; $3�v,OC] �ales aNscour�[ (Eari�+ Bird C�isco�,r�l�: ($�5.00� Tvt�l: �31�.fl0 Thar�k�! Ecan�rnic Deuedo�pmer�[ Associ�ti[�n caf A4inr��sot� This i� �n �ukpnn��ci erl��il 5��1t drd5m EG?AR�. Pke�s� c!b not re�rly ta th#� ernail_ If hs5 G��n ��nt fr�m ��t errlal� �Ct+�unt L#ia! is nat moni#qa�q. If y�� f�al y�iu h�v� re�ei+red k�ls rness�ge in �rro�, ple�se feel fr�e t�o can#��t �S �[ irrf �rr1.9 � Q � 1 ��1 �r249 5 ��OnOsnic D�velagrr�er�l Ass�e,atia�n �� ,�in�esat� � J Ft�Bnamfc �rvrlaprnen� kS5;7[lai�on af Minneywa �A� 1� C{{�IYI �L{��l1 �'kJ'�f�C�.�l�l�� k - 7b11 e Frimd � 5f1?J2U19to-AJi4,+�614 wr,.n: ,��R �z-,a. t�a�� Yf7m'e: a� VYh En9BhB�nf+t9r9 Cis�Fti9M1M Cenler: �ECC 95G FIa+G[r (�4�p CisiGsh, hdimcxoea 55prp� Liriilem 3�alns COFl�6i.'i: Rhl�$ 5��114$i `�� . ..<� . .� 1952p 9i&•I�eR4 Ofx�AR� r&�iSdRltnFN7 iS �0.5�d. !Qi � {ar�tac� Jy S��ri li, � � �. � � !��iifll� Enter seareh cri�eris... �� — �� w.� '�_ I ., ' ' ��{��On1i[ E�'�►�lOpment �ssociakicre� O� AB�r�n�SOt� r"�:�5� �4��ltrtie" Lcar�l�r�r,�e kr;c�iskra[iC�+l Foxpr� I,PC�F6. �,�onsc�rs�sp 8 Exhi�3�#ar C7Ppartunsties Join u� br� khe sh�ores of �.�Fte �uperrtar as wa explore ho�t topics En �conorr�ic developmerrt �nd �nake n�+� �onn�cti�nsp �4��C�fld irt��.�i�11.�.:.i{.��a' N . �1�;lta .�. r+s��.� d:�L} - �:3'7 G�:l '=Ci.:_: Ls .,:�;..7c, v,:��:•,rr".� i.•� �, I Erir�= https:l.Mrww.�.�da.m.crrgJewenv2019summer 1?� G+t2�2E�y 5 � • 4 `sr� . � :+,t� �,-_�: F"'�;� - F�.eS �^I19 �aonomic Caevelcspmenk �soci�tion c�F i,+l.inn��ka Preskdsnt� 9�1�iaame €te��ptforr ,M�'ri us ta refsx, €�P+7.ne�f &r,p� k�Gk aR the �nnf�reftCB. �ro��ge ir same fri�n�iry corT]p�trtran at a GaanbBg f�m8lt7ent hasfed by [h9 E�,�M �mergin� �'r(ifE �er$t er+jo�' r7�irr.g�in� ar,� taxirr� ,n !�e s,oe�facu�ax taka view �re,m t.he �3�CC. Dittne r E��k1A �r$sident's Award Fres�ntatl�n fihe �'res+dar+f's I4waYd Y�arrars an indivrdue� far c�utstanGrn� lead�ershap; cerntnbufian_ ane' eedicatron fcs a�vn�rr�ic �evei�une�rf irr Aefrrtrr�aralR. Th,.� yee+"s ++� feYes�e4 �f the �:a.n�erer�ce. 6.�� - T;45 pCil Th� Narth �hore'� +Craf# Bre�r�ry Cnc�us�ry �BRFBS$fSRal!V�Sifom L...i�..`..i,� ��! e�� E;..r�:i��C�� - c!b C.).;� :Is��^ [,.r��v.��r�,..and N�-��:•s�r fir.,w..•,r,willreFlectpn#heiff�pldFy-thar�ingin�dustry�ntllhechall� 4ppo�rlunities i1 �ir��n#S. l �s:�M.�`�f.�°' � +.��!'�iC ' v. �4� �� k� F u �.�r7 ' �:� �' uYal i 3U - 8:3G �r�t 7'3r) am - ?:45 �a�*r -. ;�' s: �y ,:�,� Sk F�,n Run�Walk �u��W'atk sfar�s aa i: Ql� em, snd w,rr ,Gaa ��d ra,r nr s:nrn� urn!�ss fJ��r�e rs ;rQh�nirs� �preU;cted. kl��f n�rfa��'e fhe �►Fsi� elFfrarfce (�arkrng !n# $iGf�J tYl fh� �ana! i}arir lF7�g�, �r�r�kfast �n ybur awn ,4 �7t�' brea�k��s! Is rrvc,'udea wifh ?�h� roam rade af fhg �na� on �ake ,Se,p�ri�o,e and C�a+�a� Perk '�o�g€t. B,�a�ktasr is nat rnc�„�'9d wi�h fhe eroom r�f� �t the NaPFd� lhare as a caF� t2R3�?� R�giy�fStlon Pre�id�ent'� 4h��p9�pm$ $:45 - $;45 8m K�ynate � 7�U�[ Ideas: F�sterin� Innou��{ort ,� Entrepr�ns�r�h�p 1.4 AIGP cred"H ��c+�.�„ +"��,�;,. �resic76�t aP��l Cihref dnarovaflv�+ iDffic,9r, $�ypoenf Uer�tu+'es C3et ae�r�y qp ��tgrgi�.ed and i�5pir��i+ p�yid 011ila will S�are hig g14�ry p� �r��ting an e��tem kh8d f061ers mnavatiqn wn �IIP�C, IUl�hig3n, A S�rlsl en1��p� imne�yaqpf BF�tl afl�r�htor, p�vi� ihplds 12 �5�l�F�t5 on ew�hlf�g fr4]+1'i SpDlil^tp ga�d9 !4 vre�rsblc tBChriclagy. YJhslg �pr�gl8f`CI} tli�nking appqa9 new id��, +�e F Ex.P�ry ;e ��ic �xperien�e k� help Cul1iM�C� �rAi�Epren8Ur8�ilp �i1K1 �Dp�oriuni9y a! Sky�r[Si+�i VRYStut�a5. i( OK liir•��- $py01A5� F2rris'JI+Me�I InnOV�liorl Cer.i�er, a � _ . - J' � � �PaS i � � H� I��rrr�d early on �hat tc�a�, r�SOUroeS en�' Suppprt �r� �p� ��yg ��ilable t� p��pl� 4n 4h� gr0ul�d 14ogr, �I�g�AISSed Mn11h khi� r�eali6y, R�wld Set out to � led ih� �har�� io d ewerap ihe F�rris Wn�eN �urldir�g ink� an ir�na�vatli�an hub �h�t many bc� I b�sinessas rr��k e��l h€�me. Ma �ksr� co-Tou�dea 9 t]CtK I�leas t� r Ir��w�vat�rs caeale prv�duc:s. serviees and siaRtu�a of it�eir ow�n. htl�s :ftwrr.v. edam:ors�?��a nt+2Ci 1 �summ�r �; $ �+� �2r2Q�9 Ecanorric [�evelopr7�nt ��so�ciatio�r af Mrtir,��ta 4°diY. i, [5{-'S'�d i�� atil[.�-� �:.,. f�i, l'a�it ��.c�g, li�,�yr�°.�81,(�ai f.:i1�1 .' . kr ��:sf �`�� :.�'' S - �_'�i..yfri BFe�k �►vlth Exhihi�q� 1�;1]0 - 17:80 r�m Breadc�ut �essians: Chocse One Re�tsirrth� c�f � Flr�t-�ting Ci#y: �edeve��ing R�+�hfieCd �1.0 AIGP e►sdit w�: .�. : �,- .,, �. ,?artner ��rs�d t��,s,�r �a�rne�s: 4: w� �,,, �, assratarir t�,��o� o� �a,r�+r7�r�,�y t� w�r��menr, �«y �r r��-nr�r� ThrS s�saion v,ill �wer the h�ghlFghEs oF Ri�Chfleld's rgd�y�lc�prr�gn� �fip�tg with �p��€}ic faCuS 4n 1�'ic �Ity's aas! �id�. Thc pret�nter� �vill dis�uSS fhe im�eti tgdewelaprnent� th6 VI5i0rlpf�g and SirBk�gIBB USl�O �uring Ih� pl�nnittig pPAt99s� an� �I�[s kF+9 rEtl�9v9Fopmenk tG�IS 8nA p��tner�hip� empf8y9d in arder t4 8C G�'welpp��gr�� a ��,emherl�ir�. 8 5�b milfirn muHi-F�gmily pFt5j6[.1 16caied in � prl�F�t}� ��d�wel�o�m�ra# �r�� p i�e Cily w ll tie f��kuretl as a G�� ku41y. frnpeovirag f��gi�pns� Not .Just �rtes; A I}ulut� S��ry �=fJ AICR cFe#I� , . �:, Grvu�A+tr�n�rCk�f�nYrrnrarrne€atal.S&ratic�s. B�yVYesrLZG, .'F ;;, �",�.a�, Sen,��l�nn�r. Parkiras.U4`rlt, C: ,�r, �?t,��rhr��r., �:a+r+3mt�r7� v��ulutf� Th� Cilg� o# Ipuluth +den�lfied lhe neeo t& r�pt (inly spUr redevela�mgnt, bu# 1� irnprowe #h� qu�lily of Ilf� fw the I�ghdents of � fexv 5liudy .qrg�g alang 1he S#, {:arrsd�r, Th9 SlUciy,�kr�as were identifled �y the Ctty af [�uluth 7s hasring Fsoten;ial far reuidalrsaison ar`d ee-use, but wilh sever8r prpp$rU9s facin� ppkent,� �eNe�lppm�ni e�tallenges. The C�y Oi Q�luth ahCain� �ry �pp, �,�,y�nfield Grant, inePi tC�r6d�cie� p,-�li�lin&ry �nx+imnrn�rt�l ��+lewfi ai all in¢i4idusl �Comm� pf�l�r9fties withi�t Ih�m, eVendU�Ily,�reparin� � LI�511�J ,�a+��-'J4+ide Ber�y;ryfre'-� Inv�br3tory;ALV[�I� fUF ��Ch bf Ihe sit�, yylf�l p04Bntia! dew�l�spmenl Cli�ll�nges neighbr�r+rQp�g_ Th�S �ni8xma[inn wQgr�v��ay�p, Irieri vsed t�anfp=m � C�rnmun�ty-le� pl8nf�+r ��vil�luzing Icg�+�q�ly�iSi6�s in ihe j]�WIu1i�5 �9ighhcarF�od5 0l Feirmount. Tha n��ghbornoad pdan w�s fu°Sdac� hy an �PA grank thr�ugh Ih� Pkrea='.^lid� Plann,n9 pra�ram {J41h'l�;i an�d vras designed �a NeIP cw+�munikies � enwiror�manlal and publ�c heal4h c�ial�ems�es reJat�d to browrsfi�lds and hen�p �n��rss�red anci e�onarnically disaduengagecP corr,muni�ies. Th� p�nel w�dl EI�� cammuni#Y �s r.uneni�y us�ng the re5u�s of t�i�st eiiorts end prpa,u�� sorksli,ps for �pthcr mlanici�l�li�ies Ihr71 rnignk c[�PStErrplate s�m�lar a�L�rities. ' � ,`t , 'v _� n �reak xrlth �xhlbiko�^c 11,1�arrk= 12�1� p�n Breakvu€ �e�sfons: Chocsse C}r�e S�tting t�� P�CE: €3ra�+nfi�lds. Busfra��s �en#ers 2�nd Beyond 1.0 #ICR ere�irt � ��. . �rr�cta.� o€ Strt�fe$ic �?eir�Fr��rrt. Sa�t �guJ PrrF�.4ufnoral�, .�, �' .tia f��.,-r, �resr�ent, �oucks €ngrneer�ng; �'t rr � W +.: ,�., tfice Fres+d��lf of � P$L�i d�plf Aufk�tJrrty 8 ,14�}1nn�A,�� 'PVY�9l�5a• iS is redev�Gppi��g br4wYrfialds �ite� intA pro�pBPou� �usine59 Cenl�Fs rrr im�tlemerrking a�pst•c1f8Gi�ve sieete�ies e7�hd lalv�stmenk5 ts� Fedu�e energ� and ca rta4f� f�plpryf�t - i1"8 ��arflrniC develapfn�fli. and i1 r�n 4ff�n Ge Ch211�nging, rnultii��et�tl 3�Q ��ne in m� ny fs�mis. J�bin s�� $s w+F: 1` ighl rghk e�mple�t projeel5 Inelubing kl`� r�d�v�lopmef�i �f 1hff 45-Atre F4RneF 3� h9�dquarter� �r� kh�e €�sk sftl9 Df 5�ai�s Peul u146 ��can �luff �usln�ss Ceni�r, 8�loa5g vhtf FeOCvel4pmenl and;�m811 8r�g� pliniar the ��mi�ji �i'$ilro�� C[lrridoir, YV� �y;ll 3fsf1 unpack h€rw ce��k9we fifl��tcing thrpWgh M�runP,ACE i�A��gn�iM� Sus4air d�uelerpm�rr� �nd sp4.f�it5s� �nergy effi�i�nCy 8F14 rsFr6MrraWe engr�y pf�qje.Gts thr�us�hput �t8ie. Ask a De�r�C�per: Sm�ll:ar€�up Fioundt�bEe Qlseussiorts �.� AICE� �r�dH �-•�^ , � . � ��RFDF i��IC�d f �SfGPefF.�� ff9��9fFStF11i7 {.C�f'f}ITPBd1Gfr3�R@B��SC8t9, �.4rir�t�;� �r�.-ei'�i.�i'y.�. �i7YFClpO�.. 1ilt9FSfd3d8 i�v9ka�3fRenf: : es�rie FSc.�rirtip:.: h,fanager, A��jf� Baak by popuiar demand! Thas� v�l5a attan�d��l aur'u4irrr�r �vnfierens75 r�wndtah�e �lawe tnla us ihey wart 94 1i69p khe oonver��t�ai gcrlrr�. This sess�n wil appoFtU+S�ty f�� 5mall grprap �i�u�8lon ti+nlh a divee� �.r�g�-�g�tir�ti oi dewel4R�rs wh8 w�rrk in !he vgri�Us t�2b5�5 ai real g5kske. A 119se cas��l, s�l�raciiv2 vn ll fxus on wt��t r�.�k� a site ar a€Arnmun ity ��r��[ive klf �evelo�pm�enk, wh�t pc�l6cies arrd ��Ii�r�� p�r fiun�ties ��n ed4�ik kt7 B�igag� �i�ls]�iers on prq devglapers �w�lll�te buSi�ness rr�k In � i�+[�jeCl. 8nd tirnal� mEarket I�foimatiDn. ��r1!�i�r�nts wlll eh�ngrt table� g�y��l kI�ti1BS i�trouqhp�lt �he s�ssion ;� ha++e meet wr�h se�r9d�l Cevalopgrs '�"r:.l`, . 1� ar7 Lur�th '4;30 - 3:�5 prn hk4ps:l�tinrwvt�.edarn,org��ve!�ir'2� 19sum mer 3+8 E�.+12J2019 Ec��omic f]�valOpmens Associ�'Ci�n vf Mwran�sok� f�labi�e Tc�ur: �AR'� M�intenance Re�s�ir �nd �Dverh$ul �a,+��iity (�t ��pacity .. �dd�tior�al regi�tr�ni� wifl b� �dded ts, waiting li�t� 7-� AICP c��aYks Tht 8us w}�� ,p�xn .b�arcling at ?: }� frm �f �oor �C af N'►� ��^C a�rd w1p�f �r� �t ?; 30 pm, ,�� .r, F}r.recfp.rgflr�st�tratiorra��Adva'�:elnr�ratf, h4arketre��+. �nd�uLdar.. Ft'Piatron�, Lake Su�er+or C�rrage; !,� �-°,+r,+t F +,,,-., �resitle,nt, Le� Sup+E % � . � � �, 5e+��u' ,�r4gr�m h4�rrager. ,4A Fi Mf2f3 �ervr�s; :` �. , , ,. � �, r, . €cc+nomie �7ev�Jb,�r, Gfiy Qi 13u�a,lh Tau r the feading Wofih ,4merican prov�der oi' a�ruafk rnair�ttfl�rsc�, AlUR's �uiuih a,rcra�ft h+�aintenance and it�p�rr and i]werha ul ? M RQ j facility and h�ar ,g� work�d with AP�.s4. Mi nn��ot� Power, L.�ke ,Superior C�lleg�, the Gi9y of '[]uluth, ��. Lcauis Cmuntly and otl�r partrxQr� Co� �rimg h�g h wage jobs inqa khe ragH ,�R h�� k�n $�rUi[�r i+� Ch is a�L�A-tawned i&Cfiily foi nearly 7 yea rs� Curaentdy, .4+�R �mploy5 27� drrBcl ��'Yplay��-es �7nd an addili4f581 i0 cnrrtre�iors, fd na�ely 350 m�thaniG, InspBCfof, 3ntl otFr�r Reeh�ll��d Supppn pe+�sonnBl po5ili�nS. IiAF� wiR �[�n bfing ih� �aG�li�y tt� ful I Oper�{i�n�l C2p�Gity; .�t as BfltlCrp81�� will be ir� �xr,e�� a� dpp �irgc� j❑bs �t the MFtO. iFre �Vlstipfl �ftid aerfl�p�� us�ry is � rr�p,«pr ir�s�u5lry �I�agG�� I+i Dupu[h. dir��kly �hlributing $$�} ry7�lli�m and mpu�g �� 2,�1]� �p�}g, [F�e avi��lOn 8�50 �ea irwd�asiry I�asa E�ta� im�a�� ni�f.� billie�n8ntl n�ar�y5:00[➢j[ibs Gwt a sne�k {�aak wiu, the9$ vldeos: s kAR ��"RC� �ls�,:r.o� ;. r k1i4Fi ��C�4`�r�i-.E6 iUt!'�i� F`onili: �i".aiS:C�iI sil �..ili,°jo s A.b�4�1 /4�`4R. 1;�Q - ��3� prr'r �r$inln� Emplaj±�r� for #he 21�� Century Work�r: A Fl,�w F�rm +�f'I�ltorkfv�Ge [}eveln�mertt 7_� IIICP tnedii '°�� ,� ��;, E�Us�nes� Dewgl�f7±a5ent GDardinai4r Gsty c�f ��oo�tyrr Park. r��e r• ,r�k: [•;�� ,�� ..� Eean4rni� DeV�lapmert e1��1 Nousi�� DR9��r, Cil�� 4f � The iop �t�ted t�u�lr��s need aaass the sia[e 9f M1Ainnes�tg i� a�Cess Ctr qualiGed te:2nl. Thr.S ,nee[� w II [1'tly cnntirvu� rD qroxv �s w�pr#cefS sn 1he sEaie age �t warkioFCe. $r'tK�kLynk, 6rCs4klyY` �ark and 4FGOkiy�i �enter'S wOfk#caP�e devel4pmsf§t td-ainir:g prp�r�m, i1�5s trzined 4ver' 500 ypuih �nd 3A emplop'efs dn !h� d�,r�l[5pment spar.e s�nCe 2615. This S�+ssi�Dn: will nlghli�hk et+55Klrtessfui rriodai oi vrark[orG� develbpmeni that noi only �rrowrqes yclu[h frf,m underra�reseri CalS'tm�niEie� wikh SkiI�S and Creining relatetl lo th� wpr�fac�, but al�rs prt�v�9�s emplpy�rs ar�d wnrkpig�� y,�i�h the trai�ir�g tt3 un�erst$nC! [h� needs a'�d d y�uih�Ftrtu'e Nv�rkfbrce. CPme SB+B Y1ow Bro�klyn R3fk e.nd �r44k1}rr� �CBnier are npll6�tl5relp �omrrEi[#�7 ts] addreasing �pof�ami� disp8rltr8S wrih � rn;.�s or°,; deuelopm&n� thra�agh CukGf�g b�ge and Y��th•Ganteee� rsr�er p�thwra}�g pmgr$mnlirtg_ . .:�•4: - i . . �, n�� fli�4 wlth E7��I��iOf� �:�� „ �..;��' �1R6 Cor�peting for �r�uity Irr�v�esit�t��nt: �ir� UpportunetyF ��n� Colfab�r�tive 1,4� Aa�GP eredit `�..," ... � �,.,.��,_. T:� �OF�,�15'�8R �itiL1�� aFiC.� Lx�P.".... :i�..:x��l�i?71, �Jf9�Gt7'FE �J!{1�CtPf, �Ofk?7Fiullti}+�x��JBRf,�N: �.�rr,dr� S'f[rJ�1.�•�.�t<;��, I�dF!$�'Jf}�.�'3f8�iQ� I�fflR9: �P.t30±22��i i�j+ ZfJne ,4d'W+S{�.r3 Far the past year ana a half. app�riuniky zonas harr� been Ihe haa top� in ec€�nr�mic dev�lopmeni. A gra,�R of p�rtner arganizaLons inGdud�n� TF� NonhsR in�., �ommunak�! €xchange, ecr� rvllhl�-�Zq recogniZer7 tt5e pater�ti�l w�lu$ �f Ihis new tD�l vpor� �t� �reetipn. N�A�span wprk�d to �du��te si�keholde�a an[ censu5 kr�C[S w�th �nvest�n�n" opporlunili�s as f3�s ��,d bui�t a plbt �rrojecr ps,rta� ior buluih �J'�C, Gomm�,n�ty Exenange eduGakad sC�k�Mold�►s and �ve �haJl�nge to spur �rrcyj�cks ald�,g. and Mhd�C}ZA creat�d a Minr,�sala-fncused apraor.�ni[y fund Sinc� �her*, the��e �artn�rs and sevr�ral oih�r c?rgar�iza;ti�,s 14gBth�r seeking y,r�ys tsa [um th�g� Q�g r,�ta genuiry� y$�i�tl$s fcr irw�stment hy :ann��i�g �yrnuni[i��, dgvela�pers, and �f1V�51ars. TaSe resuPt is khe Minnesai� f�pi�ontinily Gofl�bcl�Eiue (A'INL]p.PGa�. e St�9�vnde res�ufo� fDr op�+#Unrtyr �0�1� informAl�on. 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Paymu:�t C��tl Irotlusiry (Ptif COlflp�li�arcr: EQAFh hr'�6 (akFr� IhE mpf+�f„'�� 61Bf� lo rnsinrain �tl COhlaiSrscr fi OM6r 10 ��Ic�l yaur �rwacp, Glease da nr�l e rnef ,vwr srraii e$M iNormsLa dudlpM1tldk4 Ralicy: hicgixlr�U� Ot µ9rt�cipolion ae a88pr,�iipn �y�ryx ��qr��llul�i �i agr�rr.incnl: py Ih�2 tEgiilrarairp�a:�pd�l Ctt t�o[ialnn'g �g� n:iy dialrih�iqi pr IhE rcy�straM��r�#�pigriS im ^;+'�ulou��pha. .��at�:�idpes e1e�c!oruG rpprpQL�:fi.uns mr.� a�itlKy[.3p�541 xu�h e�wml� �ra� �•liwilir,_ i°O�e �f`f_�':�� srk�,��; fYOa€ dJi2:�n19 � 4J1-0��019 7ft�xf2a19 � 7t7� tQ1B �,a. . ar„1�- LL � x�. ��I�'� EGAH ��Pi9a GrnClml �� ECG'IOmC Oe•re4oprn��f A55�4�8hQP� rA Mirsn�6019 d2�� pe+k Glen Road� FMro2�P�lis� ldti SS&1� Tr�ephpne &�52-9iE�dE4Q � F,�� $52�32�-1316 Cocyngu� s�.� 2G77 Eoonsrnac L�Y61mP�11ls1[ Aasoc�asq� �I M�nrvggpl� fEdAFk'j AA nglujy f�pg�y+FEtl. �E�,4M Qul[kUnki , ,... �: �. !c+t 5oare L91ee1 #le-svs LlPcrwMt�g Evrnts https:f,`�v��,^.v_��m.�rgfev�nb'�01��mrr�er 71� Debbie Davidson From: Sent: To: Subject: Attachments: City of Monticello, MN 505 Walnut St, Ste 1 Monticello, MN 55362 763.271.3228 8 AM to 4:30 PM Account Information Acco u nt: Name: Service Address: Service Period: Billing Date: Due Date: Meter Reading noreply@ merchanttransact.com Saturday, May 4, 2019 8:33 AM AP Your bill from City of Monticello, MN is ready. 5119WEBINSERTS.pdf Previous Reading Serial Date Reading Current Charges Water: Water: CITY WATER - NON-TXBL Water: ACH Credit - Auto Pay Water: E-Bill Credit Sewer: SEWER - COM/MONTHLY Sewer: SW DISCHRG FEE - COM MONTHLY 2% Total Current Charges: Bill Summary Previous Balance: Payments Received: Adjustments: Current Charges: * Total Amount Due by: b/1/2019 * This was the amount due at the time of billing. 007256-007 MONTICELLO EDA (213-46301) 103 PINE ST 4/1/2019 to 4/30/2019 (30 days) 5/3/2019 6/1/2019 Current Reading Date Reading To view your amount due at the current time and make a payment click here. � Cons $0.00 $7.10 ($1.00) ($0.50) $9.00 $0.18 $14.78 $14.78 $14.78 $0.00 $14.78 $14.78 Vendur i�ate �fTr��ts��cti�r� �''�' , � � � � � � �11Y �F �11+C1f�TICE1lC� Cit�r FE�I� �ard Tr�r�s�cti�n Pl��se �t��[h #�tie inv�pw��jre+ee�pt an� ar�y �other awa�labl� dotument�ti[rn �[� this f�rm. 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I III I Ipr �� {i��,�z r,r°:,�._ _� ��.�� 87813�]��6 1rF ��t=�A.�::l =h�' $�9,99 .`:=.�f�1T41 ��.�8 � � T Ak $0 , C�Ci T�1T 4l $4� . 9�i R �,: �.`.; a e } � ;: �tAR.3E: �� , 9� �+ �. �� . � .: ��J'.��1�� 1 � �{�� W;.�n '��GZ'. FtEG��-�1��-'`13: �:�17�?-?E� �-4 4'M[:��59� 254-745 Fielp rn�ke vc�; ` 7 v�c� t�r. t�ettsr. Tak� a 2 rr,+ra�tsi ,.`�u=Y ,=::.�t �c�d�v'� tr�ip; qr�fq.�-r��t;;�� t cc� �Is� �C� � " i;� ` 1B� �i�82 Pa��;;��r�i: �'�� 1C�E I�lk='.p; �[;f: ::N -a��Ah�i, PIa�3a tak� ;P•�; _.. .k::,� o�iin�n 7 ria�Ys, EDA: 07/10/19 5. Consideration of information update of Co-Work Space Concept — Crvstal Nutt, Crvstal Nutt Consulting (JT) A. REFERENCE AND BACKGROUND: This item is to introduce the EDA to a new concept that has sparked the attention of several local residents and/or business owners. The concept involves the fairly new tech related idea of communal work areas with access to various accessory services such as coffee or pastry shop. The asset that makes this conceptual discussion even remotely possible in Monticello is the presence of a municipally owned internet service with exceptionally good and fast upload speeds. Staff has had been involved in one concept discussion meeting with a group of residents and property owners and is being asked to hear out the group for further potential support and or research. Crystal Nutt, one of the people interested in the concept, is willing to put considerable time, effort and financial support into further exploration of the concept's viability in Monticello. She is seeking financial support from the Initiative Foundation through an Initiators Fellowship which will allow her to develop a research plan and bring information back to all interested parties for further consideration of participating in the efforts. Typical community style supported Co-Work spaces do involve some level of community support and can feature educational training aspects as well (think workforce development for tech industry). They are also potential incubator spaces for entrepreneurial start up ventures. Website links of four successful community style co-work spaces are shown below. Willmar: http://workup.cc/ Bemidji: http://www.launchpadbemidji.com/en Mankato: https://www.mo�waicollaborative.com/ Rapid City, SD: http://www.�ara�erapidcity.com/#overview Ms. Nutt will be at the EDA meeting to provide an overview and glimpse of what her view of the concept entails. Al. STAFF IMPACT: There is very minimal staff time involved in this item at this time. A2. BUDGET IMPACT: Other than typical staff payroll expenses, there is no budget impact due to learning about co-work concepts and the potential to establish and/or support such a venture in the community. B. ALTERNATIVE ACTIONS: Informational only EDA: 07/10/19 C. STAFF RECOMMENDATION: This presentation is informational only. It may lead to future activities and efforts which are not clearly understood at this time. Staff will stay involved and monitor the progress and/or support the efforts while watching budget impacts. D. SUPPORTING DATA: None 2 EDA Agenda: 7/10/19 6. Consideration of Acceptin� GMEF Pre-Qualification Loan Request from Ausco Desi�n in the amount of $75,000 and Authorizin� Preparation of Loan A�reement and Related Documents (JT) A. REFERENCE AND BACKGROUND: Ausco Design, Inc. recently inquired about a GMEF Loan to help fill a funding gap for purchase of a new building to house their fast-growing retail-light fabrication facility. Ausco Design owner, Jason Kisner, will be at the EDA meeting to present a brief overview of the proposed expansion project and funding structure. The EDA should consider Ausco Design's presentation and items related to this report as a pre-qualification application step. If the EDA encourages submittal of a final application from Ausco Design, the standard GMEF Loan documentation packet will need to be completed for further review. Ausco Design provides graphic design and printing services as well as custom apparel and promotional products. The company was formed in 2007 by Jason Kisner and his family. The firm has grown over the past 12 years mainly from the design and creation of logos and a variety of printing solutions. The growth of the company which is currently renting 3,000 sq. ft. located at 4041 Chelsea Road, Monticello is raising the need for more space. Even though Ausco has been at this site for just 18 months, they are out of room and turning down business due as a result. The proposed expansion proj ect involves the purchase of a building in Monticello that would provide them 8,000 sq. ft. immediately. They would then add employees and equipment to accommodate the business that they are currently turning away. The available property which they are proposing to acquire is the former NAPA store located at 218 West 3rd Street West. It currently houses a laundry mat and a small dance studio. Those tenants may stay in the property as they currently occupy 5,000 sq. ft. The zoning of the property is CCD. Staff is reviewing Ausco Design's proposed use of the facility as per the ordinance and will have more information in the coming weeks. Ausco's business operations falls into usage as follows: retail, production, storage and office-administrative. The CCD zone has limitations on intensity of production-fabrication in terms of square forage. Ausco is currently working with Bank Vista, Sartell, MN, to finance the $599,000 purchase. The bank has indicated that it will pair its financing with an SBA 504 loan as well. The proposed GMEF loan would provide funding needed to remodel the building with new doors, windows and various interior improvements. The proposed funding structure is shown below: Bank Loan $330,500 SBA 504 Loan $268,500 EDA-GMEF Loan $ 75,000 Owner Equity $ 1,000 Total Project $675,000 It should be noted that the lack of owner equity is non-compliant with the GMEF program 1 EDA Agenda: 7/10/19 guidelines. The guidelines expect an applicant to provide between 5 to 10 percent as cash equity for a project. The lead lender is okay with the current structure since they view funding from an alternative source such as a City, EDA or Initiative Foundation as being equivalent to equity financing due to the subordinated collateral position. In the proposed structure the EDA would be in a 3rd Mortgage line position. It would also require a personal guarantee from the borrower and could seek other appropriate collateral as deemed necessary to satisfactorily secure any loan provided to Ausco. If the EDA has a favorable view of an application submittal, the next steps would be staff review and underwriting of the loan request of $75,000. The goal would be to bring the loan application to the EDA for consideration at the August 14th meeting. Due to the loan request being less than $150,000, there is no public hearing requirement when considering the application. It does reach the threshold of "Business Assistance" and be updated each year to MN-DEED. The GMEF guidelines also require the submit annual reports regarding its job creation results for five years. If the EDA were to choose to waive its Guidelines and require a market level interest rate [5.69 percent +/-], it would not be considered a business subsidy or a form of business assistance). A completed application is attached to the staff report. A1. STAFF IMPACT: The EDA-GMEF Loan program offers a Pre-Qualification step as a preliminary review by the EDA to determine level of interest and program applicability. At this point in time, the level of staff time committed to the file is approximately 4 hours including EDA staff report preparation and meeting time. If the EDA encourages submittal of a final application, it is estimated that there will be about 25 to 30 hours spent on the file. A2. BUDGET IMPACT: The budgetary impact related to consideration of the EDA-GMEF loan request is to the loan fund itsel£ The fund currently has $850,000 +/- available to loan out. This request is for $75,000 +/- or approximately 8.83 percent of the available dollars in the EDA-GMEF. B. ALTERNATIVE ACTIONS: L Motion to authorize preparation of a GMEF Loan Agreement and Related Documents between the EDA and Ausco Design for consideration at the August 2019 EDA meeting. 2. Motion to deny authorization of preparation of a GMEF Loan Agreement and Related Documents between the EDA and Ausco Design. 3. Motion to table consideration of preparation of a Loan Agreement and Related Documents between the EDA and Ausco Design for additional research and/or discussion. C. STAFF RECOMMENDATION: Staff will support the EDA in it's decision. The type of project and use of funds meets the GMEF criteria. The lack of owner equity is a concern from a standard underwriting view. Mr. Kisner has indicated that the fast growth of the company has been a blessing and a curse in that it constantly demands cash to feed the growth. The space issue is causing Ausco to turn down business at this time. The catch 22 is that solve the space issue also 2 EDA Agenda: 7/10/19 requires a significant amount of cash. Even though staff is still completing due diligence on the proposed usage in the building located at 218 West 3rd Street, at this stage of the process, it is believed to be beneficial to allow the concept preview by the EDA to proceed. If it is determined that the applicant can not located the facility at that site, then the review process will be adjusted as needed. It should be noted that the EDA-GMEF program does have sufficient dollars to consider the $75,000 loan request. If the EDA encourages submittal of a final application, staff will ask for additional supporting documents from the lead lender and the company as appropriate to satisfactorily complete all underwriting. SUPPORTING DATA: A. GMEF Loan Application with Ausco Design Expansion Proj ect Description B. Aerial Photo of Site and Property Marketing Brochure {4�Y� �Cai �' . CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY �� BUSINESS SUBSIDY APPLICATION BUSINESS ASSISTANCE FINANCING 763-295-2711 — mfo@ci.monticello.mn.us Name of Contact Person: Jasoll KISI1eC Address: 1857 85th St NW Monticello MN 55362 Telephone number: 763-257-9282 Business Name: AusCo Design Business Address: 4041 Chelsea Road West Monticello MN 55362 REQUESTED INFORMATION Addendum shall be attached hereto addressing in detail the following: 1. A map showing the exact boundaries of proposed development. See AttaChed 2. Give a general description of the project including size and location of building(s); business type or use; traffic information including parking, projected vehicle counts and traffic flow; timing of the project; estimated market value following completion. See AttaChed 3. The existing Comprehensive Guide Plan Land Use designation and zoning of the property. Include a stateinent as to how the proposed development will conform to the land use designation and how the property will be zoned. See AttaChed 4. A statement identifying how the increment assistance will be used and why it is necessary to undertake the project. See AttaChed 5. A statement identifying the public benefits of the proposal including estimated increase in property valuation, new jobs to be created, hourly wages and other community assets. See AttaChed #1 Map Attached #2 We are looking to purchase the building located at 218 3rd Street West, (the old NAPA Building). The commercially zoned 13,000 square foot building would allow our business to continue to grow and expand. We pride our business on being at the forefront of technology we invest in the latest software and equipment to deliver decorated garment solutions for all types of companies. #3 The current land area is surrounded by commercial and retail business. Our use will conform with the current zoning. #4 We have experienced a 30% growth consecutively over the last 5 years and have outgrown our current space. Increment assistance would be a great help to assist in gap financing to help purchase the building which would allow for future expansion and growth. #5 With the help of increment assistance we could purchase the existing building that is currently largely vacant and introduce new commerce to the downtown area. By doing this we also would be gaining the much needed space we need to hire more employees. We are in immediate need for the addition of at least two employees but we do not have the space to place them. At our current growth I would estimate that we will need an addition of 5-8 more employees in the next 3-5 years with wages in the $30K-$40k range. We would also be replacing front windows & doors bringing a fresh clean look to the building. #6 Ausco Design & Marketing has been in business since 2007.(Ausco is named after our son Austin, and also is A US Company) What started as mainly a graphic design company which designed and created logos and offered print solutions for corporate clients, In 2012 Ausco had grown to the point where I had to quit my job to service the growing client list. Ausco started out as a small part time business that was operated out of our garage, but after just a couple years it grew out of the garage and moved to 1000sq ft location, where we were able to add 2 employees and started printing textiles. In 2017 we completely outgrew our space and leased our current location. We were then able to add another employee. We currently are shy of 3000 sq ft and are bursting at the seems. The services we offer are unlike any other business in Monticello; we offer screen printing on site, which allows us to have very competitive pricing and impressive turnaround times. We also house 6 heads of embroidery equipment with state of the art embroidery machines. Over the past decade Ausco has worked very hard to set a standard of excellence in the custom textile industry. At Ausco, we anticipate our customers' needs and have gained a reputation in the business community of integrity and always trying to go above and beyond. We pride ourselves on being community oriented. In 2016 we were awarded by the Chamber of Commerce Business of the Year for community involvement. We want to see Monticello thrive not only from a business owner perspective but we raise our family here as well. You will see Ausco at many events in Monticello volunteering and serving our community. Our principals are maintaining a high level of professional integrity and fullfing what we say we will, when we will. We have been incredibly blessed in Monticeilo, working with quite a few local companies - mainly on referrals. We work with the City of Monticello on there apparel needs, we "-.�, � �� , fl� 1 , � �! i .o . ' .y'�� ' ` . _ . .'� _� , `w r � ' ,�. �r. 0" � `°� =�:..�_ `,� ,r.'i 1 ri ' � �- �.�_�, . ��`�'`�.. � , �'`.�' I� I � ;' � � , ` ^ �: . . c�v I �j ~ `�-,� `! , ; �,, � " f • J �� -r.,,, -�.�.�� r p � �c ; � � �.. t: ' j' ,� G �{ ; ,.� � � C � � �,�' •,; ,.� � , _v� ^ ' r1 �' ,�` �'� '+• � ,�" 'r � ,.._ y L ,j� �� `;-`� / ��, � �� f :: � ��` �` �t„�f3`r � � � p�T 4 y�.` ft f:, 1 � , e— r �, i '�'"�^.W �t`i_ �� . � r 4 � _.._��i� � . ' %;��F � � -' �� s' �'• _� . 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' 1 ' �� 1 �'� � � ;, •- . r �: � � � v �i �� h, ��.�..�,. h `�� a: C' n . . 7. • , �.t � /�� j1r�' j4� �,� ' / 1 d. t i.r' J�� a� , ��. . i , �y�� il.n Pf � ! • � .� 1 /t � Yf � �/�+/�,y�'� `r�t i _ #� ' t�, � `-� / , f } ��t . ',, . �F �;,,�, . - �;t ; j'' 1' .� � ''r' - $, � ,� <jr , � '.�� _y �� .� . _ ,, c� fs�. , l "��..1 `.`'�. - GAP FINANCING INFORMATION ANSWERS What percent of your business is local sa/es to customers within 5 miles of your site? 60% of our sales are local within 5 miles of our location. What percent of sales is to regional area customers with in 6 to 40 miles of your site? 30 % of our sales come with in 40 miles of our location. 10% of our sales come from out of state. How many accounts in total you have? We have 355 active corporate clients. What percent of your entire book of business is fied to one account/cusfomer? Our top client equals about 4% of our total revenue. What percent is tied to the top five customers? Our top 5 clients create slightly over 15% of our total revenue. Asking EDA to waive the min. 5 percent equity; Due to rapid growth we have had to purchase more materials and equipment. We have been allocating funds into order fulfillment. Up until requesting financing for our building our company has carried very little debt. We have used our profits to fund our growth. We pay for all of our supplies/materials at the time we order; nothing is net 30 for our goods. The Bank and the SBA are comfortable with the financing terms. What type of SBA financing? Our lenders have us utilizing a SBA 504 Loan. FINANCIAL BACKGROUND: l. Have you ever filed for bankruptcy? NO 2. Have you ever defaulted on any loan commitment? NO 3. Have you applied for conventional financing for the project? YES 4. List financial references: a. St. Cloud Credit Union - 320.252.2634 b. Red Thread Financial - 888.237.3533 c. TCF Bank - 612.823.2265 5. Have you ever used Business Assistance Financing before? NO If yes, what, where and when? PROJECT INFORMATION: 1. Location of Proposed Project: 218 3rd STREET WEST MONTICELLO MN 55362 2. Amount of Business Assistance requested? 75,000 3. Need for Business Assistance: For the purchase and build out of commercial building 4. Present ownership of site: Shawn Grady 5. Number of permanent jobs created as a result of project? 3-8 6. Estimated annual sales: Present: 700,000 Future: 1,500,000 7. Market value of project following completion: $675,000 8. Anticipated start date: 8/1 /19 Completion Date: 9/1 /19 3 FINANCIAL INFORMATION: 1. Estimated project related costs: a. Land acquisition $ b. Site development 75,000 c. Building cost 599,000 d. Equipment e. Architectural/engineering fee £ Legal fees g. Off-site development costs 2. Source of fnancing: a. Private financing institution $ 599,000 b. Tax increment funds c. Other public funds d. Developer equity 4 6. A written description of the developer's business, principals, histary and past projects See Attached I understand that the application fee will be used for EDA staff and consultant costs and may be partially refundable if the request for assistance is withdrawn. Refunds will be made at the discretion of the EDA Board and be based on the costs incurred by the EDA prior to withdraw of the request for assistance. If the initial application fee is insufficient, I will be responsible for additional deposits. SIGNATURE Applicant's signature: � Date: 6/20/19 PLEASE 1NCLUDE: 1. Preliminary financial coinmitment from bank. 2. Plans and drawing of project. 3. Background material of coinpany. 4. Pro Fonna analysis. 5. Financial stateinents. 6. Statement of property ownership ar control. 7. Payment of application fee of $200. c i r i o r CITY OF MONTICELLO � Community Development 505 Walnut Street, Suite 1 Change in Use or Monticello Monticello, MN 55362 Occupancy Form (763) 295-2711 . info(a�ci.monticello.mn.us Name of Proposed Business: (DBA) Ausco Design Legal Name of Proposed Business (if different): Contact N�e: Jason Kisner Email: �ason@auscodesig.com Phone: 763-257-9282 Contact Address: 4041 Chelsea Road West Property Owner Name: Jason Kisner Email: jason@auscodesign.com PllOrie: 763-257-9282 ACIC�I'0SS Of BUS1rieSS: 218 3rd Street West Hours of Operation 8:00-4A� Expected Opening Date: August �st. 2o�s Space Size (Square Feet): occupy�r,g s000 How was the space previously used? Curre�tly vacant, prior to that it was an auto parts store and a on-line fullfillment center. How will you use the space? Offices, apparel embroidery and printing area as well as some showroom/retail space NAICS Code Number of Employees: Full-Time: 3 Part-Time: 2 Are you installing any signage? YES If yes, please describe type: Window decal Are you planning on having any outdoor storage? N� only Are you making any structural or other improvements within the space? YES � NO j If yes, please describe the improvements: We will need to build office walls, conference room as as replace damaged front windows. Please attach site plans, sketches, photos, o�� other information to help us better understand the use. Please note that building, land use and/or sign pernaits or other licensing may apply based on use. Applicant's Signature: � vL�-- Date: 06/20/2019 Property Owner's Signature: '7'�h ��— Date: 06/20/2019 Staff Use Only Involved Staff: Building Inspector City Clerk Date Received: Community Development/Planning Public Works Fire Department Zoning District: Licenses/Permits/Reviews Required: CQMMERCIAL REALTY SOLUTI�f�S www.commrealtysolutions.com Monticello - Commercial Space FOR SALE/LEASE 218 3rd Street W., Monticello, MN 55362 - -� _ r�" ` K =-��' t�-= -t- _ _ �_ _ _- �` _y � e F __ _��,_ � �:: _ " �__ _ _ �Fr _ �, __ I� � �� - ----- _-_- � �i--^• 4`- . ' -.'.,:=-�-. , . PROPERTY INFORMATION � * Sales Price , . Reduced to $599,000.00 * Lease Rate 9.50/ sf * Net Lease * Building is 13,225 Square Feet * Vacancy is 4,000/sf * Wright County PID 155-010-031010 * 2018 Taxes $11,104.00 * Ample Parking * Zoned: Commercial * Multi-Tenant Building * Businesses in the area include: Ace Hardware, Schlenner & Wenner, Caribou Coffee, Cub Foods, Runnings, Library, Wells Far � Multi-Tenant Building GE pRICE �� ON E�� CTI R ��T Sl F ra:��s ._ . .;� t3ak crnve MONTICELLO� t1�rP��Cr I;[�fT7t;Q� � • . �e�dov�r , �' (rsai ��°�� e �t r��n�, h��t�.�� f;onn F�a�iC�'} Li�� L� r`,�i-:�°, i FirnnklY�ii F'?rk. 4'dhite E cry �ra _ �'�� Minnea�olis '°— k.i r.na+nn4n �� Contact: WAYNE ELAM (763) 229-4982 WElam@commrealtysolutions.com The information contained herein was obtained from sources believed to be reliable, but Commercial RealTy Solutions, LLC has not verified nor has any knowledge regazding the accuracy of information and makes no representation or warranTy concerning the same. Therefore, Commercial RealTy Solutions, LLC disclaims all liabilities in connection with any inaccuracies or incompleteness. � Monticello - Commercial Space FOR SALE/LEASE 218 3rd Street W., Monticello, MN 55362 is — r � �� s � �` ��•, � 4nnwE � ��aar,��+"'��.�'�,� � a.J,.':�� f � � Z{ ,8i '�� r't. :x¢rr�aelaar�ea `� ...:. � �`: ,�,�`� ` '�� t < ��..., '�'� ti � �t `T;91 '� .s� *' 1, �� . y. �.:ty`�,�, � '� ,�. � ; � ' - .�„ �:�.�r�,� _�� "-� as /� �,+'k ; ;M, � cnrnaa�a _ � .� � "�� :� ��t WORLO � \ _ � �• ,_� � I . . . . � . � ,w ,� ,ti �� . f *y• l♦ .._ i' • � y ti�,: A' % �1.'`. � 4` � .. ! • 1R . �- _ ��`r�.,�/¢- �' � � ° j _� ' �� -y_7i':G w �:'�` '. G _.—, II 1� 1:� ly' �I� �. �_ �� E; - � ;<,. � , ��:� �; ,� : ; A �, �, � � :: r \• � r)I � y. a�'+�, f�:�- n�Y,'.. 7-'1, �z�`. '�' �- t J'��/.�'�� - ; �� '�� ""�� ' � �u"` � A-� ,�� • � .ve� �yt� y y'4 �'�r �J. .. :� 9 "—��:"C P E..p � � + .�E� „� � �' , � , ��, � i. ,�. r �,�y, � � -„q i"' �- Y � � $� � '1 =;' _ � � . r x :,�1 _ - � ' ..,� � f � � �,�, F�`�` � �" ��7+ �� r ., i � � � r�. " . c' � t ` R ` ( A fi'� � � ]j .t� �i S ! _ � � � . 1- " _ � �:.�'; � � , �1 � �.- ,. :�'� � i � �-:�-}�� . �. A � � ' � .....y:._..; � y _I. .. j I � _ � ` $.�.! { k� I , � R A.: . �i�. � _. � `A � _ A i .. f ! 1 1 4 �'� �.�FFIC �C�T � _�� * Highway 25 - 27,500 VPD * I-94 - 56,000 VPD * Chelsea Road - 1,750 VPD � � �y�r�',�•- . � :,;K''" �t � �: I�� ;�.. • a '�'�s,c:. ��F�;e�r�ideChureh �ti . � �� '. ti-'S��'`� ! � i l%G% M1. ''i� �, �H� "�� . .-. �tic» �yP��"+�..�wJ , 11 , �iTs 4: .. " . . � i�- , . . � I 4'ay� .. � ' { " Y }T ��y.� l �1 � ... + , �_h JI ~ 1„� ; �� 6�'�IX /. I �� r .._� �}��S'� �.._ .' �NfHF'[w�r � . ��w��q4-,� � . ._ � � . . %i `/ r � X �,��, BLu[SI�N[ a ` `-,. �L�a '� � �' � � .��:�� cnii,` ,p.�il �'Y��*� F . _. � r ye` . -. _ m" � �.`? �'. . . � ��r3sis +� �!'.j E '" i q � � �`' - �d�171d1't � �' �� iT -.z�r r..� [y.. ��'�i _f� �� .� ��As9S.� � '`�„� ��'�i �<..i�-4 ^� .r.�.s. �i :vt Corne�rstone Cafe �rt�r `�" � � - �� &CateringCa PROPERTY INFQRMATI�� * Located 2 blocks West of Highway 25 on the „ �,=;j �-�. �- � r„ �:�,�5.� Q corner of Locust and 3rd Street = o � �f4sryr_a * Minutes from I-94 `' °'hs��- � � Cari6ou Ck(fee -_• � * Convenient to major shopping, government �� Cuh F[aods - Monlieello � �q PQ�kins ResseUrnn� {m offices and much more! ��, ��ake�� '-Tr,s � Contact: __===:.'�-_� =-=_=====-_---- WAYNE ELAM °°-� -----__-- �� _-- COMMERCIAL REALiY SOLIIilONS � � / ��J� �� J� . � � � � � .. • mm c.lT .-I�.-i:-'-.r� The information contained herein was obtained from sources believed to be reliable, but Commercial RealTy Solutions, LLC has not verified nor has any knowledge regazding the accuracy of information and makes no representation or warranTy concerning the same. Therefore, Commercial RealTy Solutions, LLC disclaims all liabilities in connection with any inaccuracies or incompleteness. The information contained herein was obtained from sources believed to be reliable, but Commercial RealTy Solutions, LLC has not verified nor has any knowledge regazding the accuracy of information and makes no representation or warranTy concerning the same. Therefore, Commercial RealTy Solutions, LLC disclaims all liabilities in connection with any inaccuracies or incompleteness. --� Monticello - Commercial Space FOR SALE/LEASE 218 3rd Street W., Monticello, MN 55362 �.:E.;,__` _.-�-.�� . � Lar� Wareh� Spac _� � _ - � _-� � � _ �-�=-�==-=: �..�. _� - - _� _��- - _ �_ � � . .�".fi I �� _ �,f This space available for Lease , r �� ' * (1) 8'x8' Dock High Door � * Breakroom * Restrooms * Fully Sprinkled COMMEF{IAL REALiY SOL�IIil:�i'_� .,... ...mm.c=liv[-I�,-i:- i�..., Contact: WAYNE ELAM (763) 229-4982 WElam@commrealtysolutions.com The information contained herein was obtained from sources believed to be reliable, but Commercial RealTy Solutions, LLC has not verified nor has any knowledge regazding the accuracy of information and makes no representation or warranTy concerning the same. Therefore, Commercial RealTy Solutions, LLC disclaims all liabilities in connection with any inaccuracies or incompleteness. Monticello - Commercial Space FOR SALE/LEASE 218 3rd Street W., Monticello, MN 55362 �____ -� f -.�� - ��-�._ �--�! �_ J - -� � a=- = � � �---`.�A-�,R:` �� ance 5tudio F . . � Rear of Building has Loading Dock � COMMEF{IAL REALiY S�LIIilONS � ..., mm c.lT .-I�,-i:-".r�i � � � -.� � � ,� � � �1 j� _ ° �! � � � Multi-Tenant Building � �� . y �- ry , _ �,� _ � - , . , � auri� ��a��, � . � dromat (well maintained) I p'1�0l�Cl'X II�O�fA'I�ON * 38 Parking Spots + 2 Handicap * Tenants in the building: Dancing for Jesus ,_. Laundromat � ' Owner Utilizing Warehouse �� * Building is sprinkled �* Separate Entrances make it easy to demise the space * Warehouse has private offices and a conference room Contact: WAYNE ELAM (763) 229-4982 WElam@commrealtysolutions.com The information contained herein was obtained from sources believed to be reliable, but Commercial RealTy Solutions, LLC has not verified nor has any knowledge regazding the accuracy of information and makes no representation or warranTy concerning the same. Therefore, Commercial RealTy Solutions, LLC disclaims all liabilities in connection with any inaccuracies or incompleteness. EDA: 7/10/19 7. Consideration of Adoptin� Resolution #2019-05 Approvin� Preliminarv Development A�reement with Beard Group, Inc. for Block 52 Redevelopment (JT) A. REFERENCE AND BACKGROUND: This item is for EDA consideration of a Preliminary Development Agreement (PDA) with Beard Group, Inc. in connection with potential Block 52 Redevelopment efforts. At the May 29, 2019 Special EDA meeting action was taken to authorize staff to negotiate a Preliminary Development Agreement (PDA) with Beard. The Preliminary Development Agreement is essentially an agreement wherein both parties agree to continue working toward a final formal Development Agreement. It sets out certain benchmarks and performance requirements of both parties in the march toward a formal development agreement. Beard's Block 52 proposal is included in the PDA as an attachment. Al. STAFF IMPACT: There is a limited staff impact in considering the PDA. The EDA attorney drafted the resolution and the PDA. The Economic Development Manager reviewed and organized the prepared materials for consideration by the EDA. A2. BUDGET IMPACT: The proposed escrow deposit is negotiated by both parties to the PDA is $4,000. Expenses for the EDA financial advisor and legal counsel will be covered by the escrow deposit. Even though the proposed project financing noted in the document alludes to the standard TIF application fee of $10,000 which is to cover the cost of staff and consultant involvement in reviewing and preparing the TIF inaterials for consideration by the EDA, at this point it is not necessary to collect that fee from the developer. A3. STRATEGIC IMPACT: The Block 52 Redevelopment efforts are part of the City of Monticello's strategic goals so noted in the 2017 Strategic Plan as well as in the 2018 update. Goal #1 "Create & Preserve Sustainable Livability" with a sub-goal of Working to attract and develop a healthy mix of housing options. This aligns with the EDA's consideration of the PDA with Beard Group. Also, Goal #4 "Support A Vibrant Economy" along with a sub-goal of "Support development and redevelopment of publicly owned property" both fit the entire Block 52 effort. The City and EDA own approximately 55 percent of Block 52 at this time. There are other key properties in the block which can also be included in a redevelopment concept. In addition, the Small Area Study (SAS), adopted by the EDA and City Council in late 2017, focuses on redevelopment of Block 52 as a key strategy to revitalize the downtown area. The SAS plan calls for adding residential units (with associated purchasing power) in the core City and specifically in Block 52. The specific Block 52 plan calls for ground floor entertainment, dining and retail uses as well. The Beard Group concept meets those objectives by adding 95 residential units and a restaurant and commercial site along MN TH #25. It is strongly believed that a development modeled after the Beard concept will make a positive contribution to Monticello's community and economic vitality. EDA: 7/10/19 B. ALTERNATIVE ACTIONS: L Motion to adopt Resolution #2019-OS approving a PDA between Beard Group, Inc. or its assigns and the EDA in connection with the potential mixed-use redevelopment in Block 52. 2. Motion to deny adoption of Resolution #2019-OS approving a PDA between Beard Group, Inc. or its assigns and the EDA in connection with the potential mixed-use redevelopment in Block 52. 3. Motion to table adoption of Resolution #2019-OS approving a PDA between B Beard Group, Inc. or its assigns and the EDA in connection with the potential mixed-use redevelopment in Block 52 for further research and discussion. 4. Motion of other as determined by the EDA. C. STAFF RECOMMENDATION: Staff recommends that the EDA proceed per Alternative #1. The EDA reviewed and commented on the various concept proposals for prospective Block 52 redevelopment at its May 29, 2019 Special EDA meeting. At that meeting the EDA engaged in a developer- concept ranking exercise with the Beard Group, Inc. scoring the highest number of points among the four developers interviewed during the Block 52 selection process. Following the ranking exercise, the EDA authorized staff to negotiate a PDA for consideration at an upcoming EDA meeting. The PDA, if approved, is an initial agreement wherein the EDA and Beard Group, Inc. reach an understanding for continued discussion and negotiation to define the terms and conditions of a formal Block 52 development agreement for consideration by the EDA at a future date. Beard's concept is a full block development in a horizontal mixed-use form with side by side residential and commercial development components. Their concept specifies 951uxury multi-family units on the west half of the block in the form of a three-story building over an underground (garden level) parking garage. The garage entrance-exit point is on River Street. The commercial portion of the concept is designed as a stand-alone restaurant pad in the northeast corner of the Block along with a sizeable commercial building site in the southeast corner of the Block Beard has indicated that they would focus on the residential component as their primary effort. The commercial parcels would be a secondary effort with timing dependent on obtaining lease or purchase agreement commitments. Walnut Street is gets connected through to River Street under the Beard concept. Also, the present lighted all way intersection of River Street and Highway #25 remains in place as well. D. SUPPORTING DATA: a. Resolution #2019-OS b. Preliminary Development Agreement CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 2019-05 APPROVING PRELIMINARY DEVELOPMENT AGREEMENT BETWEEN THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY AND THE BEARD GROUP, INC. BE IT RESOLVED by the Board of Commissioners of the City of Monticello Economic Development Authority ("Authority") as follows: Back rg ound. 1.01. The Beard Group, Inc. (the "Developer") desires to acquire certain property (the "Property") in the City of Monticello (the "City"), which Property has been the subject of certain preliminary negotiations with the Authority in connection with the construction of a multi-use development on the Property (the "Development"). 1.02. The Authority and the Developer have determined to enter into a preliminary development agreement (the "PDA"), providing for negotiation of a definitive purchase and development contract that will address (among other things) terms under which the Developer will acquire a portion of the Property from the Authority and construct the Development on the Property, and the Authority may provide certain financial assistance if warranted to make development by the Developer financially feasible. 1.03. The Board has reviewed the PDA, and has determined that it is in the best interests of the Authority to approve and execute the PDA. 2. Approval of PDA. 2.01. The Authority approves the PDA, and authorizes and directs the President and Executive Director to execute same in substantially the form on file, subject to modifications that do not alter the substance of the transaction and are approved by the President and Executive Director, provided that execution of the PDA by such officials will be conclusive evidence of their approval. 2.02. Authority officials and consultants are authorized to take any other actions necessary to carry out the Authority's obligations under the PDA, and to bring a proposed definitive purchase and development contract before the Authority. Approved this lOth day of July, 2019, by the Board of Commissioners of the City of Monticello Economic Development Authority. President ATTEST: Secretary 585540v1MN190-159 CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY PRELIMINARY DEVELOPMENT AGREEMENT (Block 52 Multi-Use Development) THIS AGREEMENT, dated this lOth day of July, 2019, by and between the City of Monticello Economic Development Authority, a public body corporate and politic under the laws of Minnesota ("Authority") and The Beard Group, Inc., a Minnesota corporation, or permitted assigns pursuant to paragraph 9 hereof ("Developer"): WITNES SETH: WHEREAS, the Authority and City of Monticello ("City") own certain property within an area of the City designated as Block 52, which property is legally described in Exhibit A attached hereto (the "Authority Property"), and the Authority is negotiating the purchase of certain additional property within said Block 52, which property is legally described in Exhibit A attached hereto ("Third-Party Property" and together with the Authority Property, the "Development Property"); and WHEREAS, the Developer has submitted a preliminary proposal (the "Proposal") for the development of the Development Property (the "Development"), a portion of which proposal is attached hereto as Exhibit B; and WHEREAS, the Developer has requested the Authority to explore the use of certain public assistance to assist with the Development; and WHEREAS, the Authority has determined that it is in the Authority's best interest that the Developer be designated sole developer of the Development Property during the term of this Agreement; and WHEREAS, the Authority and the Developer are willing and desirous to undertake the Development if (i) a satisfactory agreement can be reached regarding the Authority's commitment for public costs necessary for the Development; (ii) a satisfactory agreement can be reached regarding the site control necessary for construction of the Development; (iii) satisfactory mortgage and equity financing or adequate cash resources for the Development can be secured by the Developer; and (iv) the economic feasibility and soundness of the Development and other necessary preconditions have been determined to the satisfaction of the parties; and WHEREAS, the Authority is willing to evaluate the Development and work toward all necessary agreements with the Developer if the Developer agrees to make the deposit described herein, which is intended, in part, to reimburse the Authority for its costs if the Development is abandoned by Developer or necessary agreements are not reached under the terms of this Agreement. NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and obligations set forth herein, the parties agree as follows: 584783v4MN190-159 1. Negotiations between the parties shall proceed in an attempt to formulate a definitive purchase and development contract ("Contract") based on the following: (a) the Developer's Proposal, which shows the scope of the proposed Development in its latest form as of the date of this Agreement, together with any changes or modifications required by the Authority; (b) a mutually satisfactory Contract to be negotiated and agreed upon in accordance with negotiations contemplated by this Agreement; (c) such documentation regarding economic feasibility of the Development as the Authority may wish to undertake during the term of this Agreement; and (d) other terms and conditions of this Agreement. 2. It is the intention of the parties that this Agreement: (a) documents the present understanding and commitments of the parties; and (b) will lead to negotiation and execution of a mutually satisfactory Contract for the Development prior to the termination date of this Agreement. The Contract (together with any other agreements entered into between the parties hereto contemporaneously therewith) when executed, will supersede all obligations of the parties hereunder. 3. During the term of this Agreement, the Developer shall: (a) Submit to the Authority a design proposal to be approved by the Authority showing the location, size, and nature of the proposed Development, including floor layouts, renderings, elevations, and other graphic or written explanations of the Development. The design proposal shall be accompanied by a proposed schedule for the starting and completion of all phases of Development. (b) Submit an overall cost estimate for the design and construction of the Development. (c) Submit a time schedule for all phases of the Development. (d) Undertake and obtain such other preliminary economic feasibility studies, income and expense projections, and such other economic information as the Developer may desire to further confirm the economic feasibility and soundness of the Development. (e) Submit to the Authority the Developer's financing plan showing that the proposed Development is financially feasible, and, to the extent Developer seeks public financial assistance in any form (including reduced land cost, waiver of fees, and tax increment financing), evidence that such assistance is reasonably necessary to make the Development financially feasible. (� Furnish satisfactory financial data to the Authority evidencing the Developer's ability to undertake the Development. 584783v4MN190-159 2 (g) Furnish any other information reasonably requested by the Authority in connection with the Development, including without limitation information concerning noise or environmental factors. 4. During the term of this Agreement, the Authority agrees to: (a) Commence the process necessary to undertake such public assistance as is necessary pursuant to the terms of the Proposal, including without limitation commencement of actions necessary to terminate all existing agreements and tax increment financing districts related to the Development Property, and to create a new redevelopment tax increment financing district that includes the Development Property. (b) Proceed to seek all necessary information with regard to the anticipated public costs associated with the Development. (c) Estimate the Authority's level and method of financial participation, if any, in the Development and develop a financial plan for the Authority's participation. (d) Proceed to use good-faith efforts to obtain site control of the Third-Party Property. 5. It is expressly understood that execution of the Contract shall be subj ect to: (a) A determination by the Authority in its sole discretion that its undertakings are feasible based on (i) the projected tax increment revenues and any other revenues designated by the Authority (to the e�tent requested by Developer); (ii) the purposes and obj ectives of any tax increment, development, or other plan created or proposed for the purpose of providing financial assistance for the Development, if any, including the determination that such assistance is reasonably necessary in order to make the Development possible; and (iii) the best interests of the City and Authority. (b) A determination by the Developer that the Development is feasible and in the best interests of the Developer. (c) The Authority obtaining site control of the Third-Party Property, or the Developer submitting a revised plan for the Development located on the Authority Property and less than all of the Third-Party Property, upon mutual agreement of the parties. 6. This Agreement is effective from the date hereof through March 31, 2020, unless e�tended with approval of the Authority's board of commissioners. After expiration of the term of this Agreement, neither party shall have any obligation hereunder except as expressly set forth to the contrary herein. 7. The Developer shall be solely responsible for all costs incurred by the Developer. In addition, the Developer shall reimburse the Authority for Administrative Costs, as hereafter defined; provided that the Developer shall not be responsible for Administrative Costs exceeding $5,000 unless and until satisfaction of one of the conditions provided in Section 5(c) hereof. For the 584783v4MN190-159 3 purposes of this Agreement, the term "Administrative Costs" means out of pocket costs incurred by the Authority and City attributable to or incurred in connection with the negotiation and preparation of this Agreement, the Contract, and other documents and agreements in connection with the Development, including without limitation all costs in connection with replatting of the Development Property and the cost of financial advisors, attorneys, and planning, engineering and environmental consultants. In order to secure payment of the Administrative Costs, the Developer has delivered to the Authority funds in the amount of $5,000 upon execution of this Agreement. If at any one or more times during the term of this Agreement, the Authority determines that Administrative Costs will exceed $5,000 and that additional security is required, the Authority shall notify the Developer of the amount of such additional security. Within ten calendar days of receipt of this notice, the Developer shall either (a) deliver to the Authority the required additional security (if one of the conditions of Section 5(c) has been met); (b) acknowledge receipt of notification by the Authority and defer payment of such additional security until one of the conditions of Section 5(c) has been met; or (c) notify the Authority that it elects to terminate this Agreement. The Authority will utilize the funds delivered by the Developer to pay or reimburse itself for Administrative Costs. Upon termination of this Agreement, the Authority will return to the Developer the funds paid by the Developer to the Authority pursuant to this Section 7, less an amount equal to the Administrative Costs incurred by the Authority through the date of notice of termination. For the purposes of this paragraph, Administrative Costs are considered to be incurred if they have been paid, relate to services performed, or are payable under a contract entered into, on or before the date of the notice of termination. This Section 7 shall survive termination of this Agreement and shall be binding on the Developer regardless of the enforceability of any other provision of this Agreement. 8. This Agreement may be terminated upon ten (10) days written notice by either party to the other of any of the following events of default, only if such events of default shall remain uncured during the aforementioned notice period: (a) an essential precondition to the execution of the Contract cannot be met; or (b) if either party determines that an impasse has been reached in the negotiation or implementation of any material term or condition of this Agreement or the Contract. 9. During the term of this Agreement, the Authority agrees that it will not negotiate or contract with any other party concerning the development of the Development Property. The Developer shall not assign or transfer its rights under this Agreement in full or in part, or enter into any subcontracts to perform any of its obligations hereunder, without the prior written consent of the Authority; provided that the Developer may at its sole discretion assign this Agreement to a related entity formed expressly for purposes of the Development. 10. In the event that either party fails to comply with any of the provisions of this Agreement, the other party may proceed to enforce this Agreement by appropriate legal or equitable proceedings, or other similar proceedings, and the non-prevailing party shall pay all costs of such enforcement, including reasonable attorneys' fees. 11. If any portion of this Agreement is held invalid by a court of competent jurisdiction, 584783v4MN190-159 4 such decision shall not affect the validity of any remaining portion of the Agreement. 12. In the event any covenant contained in this Agreement should be breached by one party and subsequently waived by another party, such waiver shall be limited to the particular breach so waived and shall not be deemed to waive any other concurrent, previous or subsequent breach. 13. Notice or demand or other communication between or among the parties shall be sufficiently given if sent by mail, postage prepaid, return receipt requested or delivered personally: (a) As to the Authority: City of Monticello Economic Development Authority 404 Walnut Street, Suite 1 Monticello, MN 55362 Attn: Executive Director (b) As to the Developer: The Beard Group, Inc. 750 2"d Street NE, Suite 100 Hopkins, MN 55343 Attn: Chief Executive Officer 14. This Agreement may be executed simultaneously in any number of counterparts, all of which shall constitute one and the same instrument. 15. This Agreement shall be governed by and construed in accordance with 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 obj ection to the jurisdiction of these courts, whether based on convenience or otherwise. 584783v4MN190-159 IN WITNESS WHEREOF, the Authority has caused this Agreement to be duly executed in its name and behalf and its seal to be duly affixed hereto and the Developer has caused this Agreement to be duly executed as of the day and year first above written. DE VELOPER: THE BEARD GROUP, INC. By Its: AUTHORITY: CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY By Its President By Its Executive Director 584783v4MN190-159 6 EXHIBIT A Development Property The Authority or City own the parcels depicted and identified on the following page and described as the Authority Property: Parcels 1, 2, 3, 4, 5, 7, 12, 15, and 16. The parcels depicted and identified on the following page and described as the Third-Party Property are owned by third parties: Parcels 6, 8, 9, 10, 11, 13, and 14. 584783v4MN190-159 A-1 '`.. � ,�, / . �/�.�:�r �" , i � � � , �� ',�=r � � �:. �� ` � ,. � � 1 � , � � „ ��.�'��e ~ � �" _ti � y�� f 'f ' �� S r ;M► '� ' . " i' ' � �� : . x� • •�►:. � j , � ,, v. ~ c " � � � �"` ;°�� ; � F', , i+� "! j �''i��' :� ; � . �. � � , ��' � � �._ � � ;"� �-��. � � � �; ,, �� e . F � , �;;" - . -r l; ' �� _ � � � �� , � � , � �'vr . ` .. � 9 _ _ � c , l��. t i � _� % "� .` � '' � � � `�� ' , �,, �� ```� /,}�� _ �`�` � ` 1 '�`'�\, � � ; � , � „� � Q�� , .-� � "��t ' { `� � � �� n F3 � ` . . . � � '�Q� �.� `'§ �` :� � � � 4 � 7�/ � � � � � � . �� , ��► � i--�� : , � � ..� ; � `' Q �� 'q ,�� . : ?� , � Q� /� � � c� �; _ �, � � � ��r � � f l � � 4151 94 90 % � 1' ;f,: �, z � � �,9F3 � � , ��F � . �� . � � � � � �� '.�; � y . .� \ `� .: :� _ � �' _ � � / `',,� '� �� ,' n ._ �� J ...��r. ��:a�� y � • d�:�� . � ��,�' � �. G,✓ ♦ -��..�� ` ...� . 7 \�y � � ,t�*`, i �� `� y� �, � , � � � . , � �� ' -� � ��' � �' � �i 'j� � =�, �. _+� �' � , �� _!�� T�,�� Block 52 �Monticello City of Monticello MN �� 584783v4MN190-159 A_2 +�1�� r . � . ;; �,�: ,\,, . � N AI I VL./ 1 inch = 80 feet � EXHIBIT B Project Proposal TRANSACTION SUMMARY The Developer, The Beard Group, Inc., is pleased to present this confidential memorandum to support its request to obtain entitlements/financing/equity investment for the redevelopment of Block 52 Site in Monticello, MN (the "Project"). BLOCK 52 PROJECT OVERVIEW The Project is a to-be-built Class A, 4-story, 95 unit market rate multi-family building with 16,000 square feet of RetaiVRestaurant space. The site is on the corner of State Highway 25 and West Broadway in Monticello, Minnesota. The site is a redevelopment of sixteen (16) parcels totaling 2.54 acres. The site is located in downtown Monticello on Monticellds main street, State Highway 25. TI1e site is directly across from the Cities Riverfront Park with elevated views of the Mississippi river. This highly desirable location is transit, pedestrian, bicycle, and vehicle friendly. Additionally, Monticellds downtown hosts Beef O'Brady's Cornerstone Cafe, Rustech Brewing, Walgreens, Cub Foods, boutique shops and everyday goods and services. Additionally the site is minl�tes away from the Big Lake Northstar commuter rail station. PROPERTY DESCRIPTION Parcels �� ` � "' �, ��I� PID Numbers � � � r� �� i 155010052150 +}j� � � ; �%` � 4 �` 155010052140 �,� �� ` ` `. o �,,, � . � . 155010052131 r �'" < � ;�, 155010052110 � � �1'�'�� a 1; �: e t� � � _ 155010052120 � 'F " \. ' �1 155010052130 �� , � � � �� GF` �� " 155010052132 �; �' '�� ' f a��` 155010052010 ' "� " ' • d� � � � _ 155010052030 ,,�, �� _'a �� . �F 155010052031 a��' �� .�� "� . , '� ,� r� 155010052060 155010052071 155010052070 155010052090 155010052102 155010052101 Cit��: Mouticello, MN � � '+� Page 5 584783v4MN190-159 B-1 County: Wright Number of Units: 95 Apartment Building Gross Square Feet: 138,625 Retail/Restaurant: 16,000 Square Feet (+/-) in 2 buildings Number of Stories: 3 stories with 1 underground level of parking and a 9,000 sf roof- top deck. Parking: 218 total parking stalls: 121 heated underground parking spaces; 97 surface parking spaces in the internal car court for joint use by the Public and the Project's residents and guests. Current Zoning: Mixed-Use PUD Comp Plan Designation: Central Community District Land Area: 2.5 (+/-) acres � �, �► ��. PROJECT ANALYSIS • Vacancy rates continue to remain low in the Twin Cities, currently at 3% in the 4th quarter of 2018, according to Maxfield Research & Consulting's 4th Quarter 2018 report. • The Project's prominent location in Monticellos' downtown area is a highly desirable neighborhood with walk-able neighborhood schools, transit, parks, restaurants, boutique shops, and multiple cultural attractions. • Transportation options are abundant with immediate access to local and regional bus lines, and State Highway 25, Interstate Highway 94 and 5 minutes to the Big Lake Northstar station for commuter rail to Twin Cities. • Stable sub-market. Rents are rising in the Twin Cities due to pent-up demand for new product. These dynamics support upward pressure on rents and on-going demand for new rental housing. The Project is well positioned to benefit from this demand. 584783v4MN190-159 B_2 Page 6 EDA: 07/10/19 8. Consideration of the 2020 EDA Marketin� Plan and Bud�et (JT) A. REFERENCE AND BACKGROUND: This agenda item is consideration of the 2020 marketing plan. The attached plan was crafted by staff based on the previous two years plans. The Plan consists of a variety of media and methods for each of the EDA's priority areas and identifies a prospective budget amount with each item. It also includes the Market Matching — Economic Development Assistance contract with WSB for a 4th consecutive year. That amount is proposed at $9,300, unchanged from 2019. Gradually increasing the amount of funding toward the overall marketing budget for the City's assets and opportunities will support attainment of the numerous key EDA goals and objectives. Al. STAFF IMPACT: Staff impacts in considering the Marketing Plan are minimal. The primary staff commitment to this point has consisted of internal meetings and a review of the effectiveness of the current methods and expenditures. It should be noted that the scope of services that WSB provides under its Economic Development Assistance Contract does include some marketing activities such as attending trade shows and participating in the Minnesota Marketing Partnership and adjusting collateral materials annually. A2. BUDGET IMPACT: The expected budgetary impact from the proposed Marketing Plan is $24,400 which is an increase of $2,650 or 12.19 percent over the 2019 budget. Funding is provided in a dedicated line item for marketing/advertising. Staff proposes to bring for review before the EDA any items that cost more than $1,000. This threshold is consistent with the City Council policy for expenditures from the General Fund as well. B. ALTERNATIVE ACTIONS: L Motion to adopt proposed 2020 Marketing Plan and Budget 2. Motion to deny adoption of the 2020 Marketing Plan and Budget 3. Motion to table consideration of the 2020 Marketing Plan and Budget for additional Research and/or discussion. C. STAFF RECOMMENDATION: Staff recommends Alternative #1 wherein the EDA adopts the proposed 2020 Marketing Plan and Budget. The plan and budget are realistic and build on efforts that began in 2018 with a budget allocation of $20,000. This budget is again, a significant step forward compared to 2017 when only $5,000 was budgeted. By gradually increasing the marketing program budget, the EDA can attain more of its goals related to industrial and commercial development. If after review of the proposed 2020 Marketing Plan and Budget, the EDA feels it necessary to appoint a subcommittee to work with staff to revise or start anew with the 2020 Plan-Budget, staff will be fully supportive of the EDAs decision. D. SUPPORTING DATA: EDA: 07/10/19 A. Proposed 2020 Marketing Plan and Budget .-� G W � � a O cc a .. H W � � � m � Z Q J a V Z r W 1.1� Q G Q W 0 0 N J Q � � � 0 z +� � o 3 O O � � a � 0 0 O �fI N N c-I c-I � � U � +� N �� Q L � � N � 0 � - L �� U � � � vi � � N � C L 'tj (6 � C +, U � VI L � � � N � � C 3 � Q" � U O � N � � `� N L � � -� O Q c6 � � 7 � N fL6 � V L ao � °' o � Q � �Q � �"� Q (n f6 �` � � L /' > � � � � ai +� m +, !6 � U V �U ai � N t]A � L `� L 'a o • � � N Q� � y�, Q. 00 a.�, � C � � � O cn � Q i C� i N O � _ � '� i � a +; v � �� N � 0 H � � � � o � � o � O N N O N t/� rj � � � � �-+ U 0 0 N U C O � C .� C .� � � � � .� � J � � U N � N � O � � C O � � L � � � N C �jn � N i � N ao c� �a s �6 Q Q +� � s W O � � �' 3 °� �. U L -a i O �n �n O � � � > ar '� �n m > � � � N N OC � � N � m N W � o?S Q V � C � 0 0 � � � � � � � i/� � � z N � 0 2 � � U N .Q (6 c 0 0 E 0 a � a� s �-+ � � � � � .y � O CR Q G Q O � N +� > N i � Cm G � � � {= Oi0 � o � a 0 0 rn i/� N � � a� 3 0 + 0 a vi (6 L � � � O � Q Y L iC N y1 � m O N y > � � �3 m i N Q O N > N 0 � a� a 0 a� > a� � L � � .� � Q � Q N N C O 7 U O � J Q � W Z W C7 0 0 � c-I i/� � � ai > W 0 0 � o �n � c-I N � i/� i/� � i/� CA C � � 0 s vi � C a� > a� � c � E � 0 U � CA � O � +� C �n N C � O L � � •> o C m � � C N N � � O �6 +' �i C � 3 ++ CR � C m � O ar O O a � � f6 N L � i 0 s � a� _ U L N O _ � Q � � > c6 O a� s L y � U U � �� N 6 N s +� � '� �3� 0 E � ai � > a� � � s � � N � C � CA N O N U � � Q � � � U N 6 Q '� W � � N t 0 0 0 LfI i/� � 0 �-+ f6 7 (6 i N N (6 U � � N f6 U O O � � N � EDA Agenda - 07/10/19 9. Consideration of 2020 HRA Levv Tar�et (JT/WO) A. REFERENCE AND BACKGROUND: Staff is asking the EDA to consider the amount of property tax levy that it would like to set in 2020. The annual budget process is underway and the schedule allows the EDA levy to be approved at the same time as the City levy in September. Staff will provide more detailed budget information for consideration and formal adoption at the August meeting. At this time, the goal is to update the EDA on the budget process and start a discussion regarding the levy needs and goal for 2020. The amount of the property tax levy and the maximum allowed are shown below for the past several years as well as the potentia12020 amount based on the City's overall market valuation of all taxable property. Year Taxable Mkt. Value Allowed Levv bv Statute Actual Levv 2020 $1,923,814,900 $355,000 $355,000 2019 $1,883,565,600 $348,000 $348,000 2018 $1,748,750,200 $323,000 $323,000 2017 $1,631,446,700 $302,000 $280,000 2016 $1,513,570,400 $280,000 $280,000 The proposed levy is calculated at .0185 percent x municipal taxable market value (2020 =.0185 x$1,923,814,900). It is a policy decision for the EDA regarding the amount of the levy. Staff can guide the EDA about the activities/work items which the levy funds. These items consist of: staff salaries and benefits, overhead (electricity, computer maintenance, postage), legal fees, financial advisor fees, marketing and various memberships such as the Wright County Economic Development Partnership. The largest single expense item is often land acquisition-redevelopment activities. Unused funds carry over from year to year and remain in the EDA General Fund. They remain available for various EDA goals as needed. Total proposed 2020 expenditures are estimated at $355,000 +/-. These items include all operating expenditures and generally exclude larger potential acquisition- redevelopment activities. At the upcoming August 14th meeting, the EDA Budget and HRA Levy will be presented for final adoption by resolution. Staff will take feedback on the levy discussion from the July lOth workshop and regular meeting and incorporate it into a budget for consideration at the August meeting. A calendar provided by Finance Director, Wayne Oberg is also attached indicating budget approval steps. Al. STAFF IMPACT: The staff impact to seek feedback about the levy is minimal. A2. BUDGET IMPACT: The cost of presenting the 2020 Property Tax Levy discussion to the EDA for review and feedback is minimal. It is part of the normal work duties of the EDA Executive Director. A3. STRATEGIC PLAN IMPACT: Goals that relate to the establishment of the HRA Levy and EDA Budget include the following: Goal #1 — Create and Preserve Sustainable Livability: Work to attract and develop a healthy mix of housing options. Goal #4 - Support A Vibrant Economy: Expand City/EDA owned industrial land inventory in targeted areas; Support development and redevelopment efforts for publically owned properties. B. ALTERNATIVE ACTIONS: L Motion as appropriate, determined by the EDA, regarding directing an amount of the 2020 HRA levy. 2. No Motion; just discussion C. STAFF RECOMMENDATION: Staff encourages the EDA to consider its goals and mission to facilitate economic development and redevelopment activities that help to expand the tax base, increase employment opportunities and crate a vibrant economy as part of its decision process. These are wide ranging community impacting goals. Specific activities — some of which are underway right now and will carry over into 2020 include: Block 52 redevelopment efforts, including assembly of additional land, marketing of the Block 34 and Cedar sites, continuation of a Downtown Fa�ade Improvement Grant Program (estimated additional cost of $150,000), industrial development and further analysis of housing needs via an updated housing study. The attachments to this report contain information relating to the EDA Goals and Obj ectives. D. SUPPORTING DATA: a. 2020 Budget Approval Calendar b. 2018 Economic Development Goals (from Council visioning session) c. 2019 EDA Goals and Objectives Monticello 2020 Budget Calendar - Modifed for EDA Review Date Activity 2020-2024 capital equipment/projects (CIP) worksheets and budget worksheets June 7, 2019 to department heads. July 1, 2019 2020-2024 CIP and budget worksheets due to finance department July 8, 2019 Workshop with city council and staff to set 2020 goals and priorities. July, 2019 Department heads meet with various advisory boards and commissions for input into 2020 preliminary budget and CIP. July, 2019 Department directors and supervisors meet with city administrator and finance staff to develop 2020 preliminary budget and CIP. July 22, 2019 Workshop with city council to review draft department budgets and set 2020 goals and priorities. Finance department develops revenue estimates and 2020 preliminary property August 12, 2019 tax levy. August 14, 2019 EDA Mtg. Consideration of 2020 HRA Levy and EDA Budget Council workshop to review various department goals, budgets, and CIP August 26, 2019 continued. September 9, 2019 Budget workshop with city council and staff. Council adopts 2020 preliminary HRA and city property tax levy. (See September September 9, 2019 23) September EDA Meeting occurs after Council Adoption of HRA and City Tax Levy September 11, 2019 Update can be provided to EDA at meeting Last regular meeting for city council to consider adopting the 2020 preliminary September 23, 2019 city property tax levy. September 30, 2019 2020 preliminary property tax levy certified to Wright County auditor. Department heads meet with city administrator and finance staff to develop October/November, 2019 2020 proposed budget and final property tax levy. December 9, 2019 Council adopts 2020 budget and property tax levy. City certifies final 2020 property tax levy to Wright County auditor and files Form December 28, 2019 TNT with the MN Department of Revenue. January 1, 2020 2020 fiscal year begins. Date Activity 2015-2019 capital equipment/projects (CIP) worksheets and budget June 9, 2014 worksheets to department heads. June 23, 2013 Workshop with city council and staff to set 2015 goals and priorities. Department heads meet with various advisory boards and commissions for June, 2014 input into 2015 preliminary budget and CIP. July 11, 2014 2015-2019 CIP and budget worksheets due to finance department July, 2014 Department heads meet with city administrator, and finance staff to develop 2015 preliminary budget and CIP. July 21, 2014 Council workshop to review draft department budgets. Middle of August, 2014 Finance department develops revenue estimates and 2015 preliminary property tax levy. Council workshop to review various departments' goals, budgets, and CIP August 25, 2014 continued. September 8, 2014 Budget workshop with city council and staff. September 8, 2014 Council adopts 2015 preliminary property tax levy. September 12, 2014 2015 preliminary property tax levy certified to Wright County auditor. October/November, Department heads meet with city administrator and finance staff to develop 2014 2015 proposed Budget and final property tax levy. December 8, 2014 Council adopts 2015 budget and property tax levy. December 26, 2014 City certifies final 2015 property tax levy to Wright County auditor. January 1, 2015 2015 fiscal year begins. Monticello 2017 Budget Calendar Date Activity Finance department develops revenue estimates and 2017 preliminary property Middle of August, 2016 tax levy. Council workshop to review various departments' goals, budgets, and CIP August 22, 2016 continued. September 12, 2016 Budget workshop with city council and staff. September 12, 2016 Council adopts 2017 preliminary HRA levy. September 26, 2016 Council adopts 2017 preliminary property tax levy. September 30, 2016 2017 preliminary property tax levy certified to Wright County auditor. Department heads meet with city administrator and finance staff to develop October/November, 2016 2017 proposed Budget and final property tax levy. December 12, 2016 Council adopts 2017 budget and property tax levy. December 28, 2016 City certifies final 2017 property tax levy to Wright County auditor. January 1, 2017 2017 fiscal year begins. Comm/Econ Comm/Econ Comm/Econ Comm/Econ Comm/Econ Comm/Econ Comm/Econ Comm/Econ Comm/Econ Comm/Econ Comm/Econ Comm/Econ Comm/Econ Comm/Econ Comm/Econ Comm/Econ Be a regional leader Build a connected community Create and preserve sustainable livability Strengthen our image as a destination city Support a vibrant economy Invest in people Continue to support rdevelopment efforts for publicly owned properties in Block 34 and 52 Evaluate opportunities for the future sale of properties in Block 34 and engaging a partner for redevelopment of Engage as a partner in other redevelopment and revitalization opportunities as they arise,actively encouraging redevelopment within the CCD area consisten Continue to build funding base for potential acquisistions in targeted redevelopment areas Implement a fa�ade improvement program for desired revitalization areas Explore and seek as appropriate federal and state grant funds that support redevelopment objectives and/or proj Explore the opportunity to develop an incubator building for entreprenerial and start up firms Encourage more proactive lead development and response in all market segments to support diversified tax base Evaluate industrial land inventory for ptoential expansion Market indusrtrial development at the Monticello Business Center to a broad variety of projects Market EDA incentive programs in a more proactive manner, both within the community and beyond, beginning Examine housing stock and unmet market demand for various types of housing via conditions and datasets Explore and seek as appropriate federal and state grant funds that support housing development or revitalization Support the revamping and further development of the City Economic Development website to enhance usabilit Re-engage, with the assistance of the IEDC, the business community in a limited scope BRE program Support workforce development efforts through partnerships with educators, businesses, organzations and agen GOAL RELATIONSHIP 3, 4, 5 3, 4, 5 1,3,4,5 3, 4, 5 3, 4, 5 1, 3, 4, 5, 1, 2, 3, 4, 5, 6 2,3,4,5 1,3,4,5 3, 4, 5 2,3,4,5 3, 5 3, 4, 5 1, 2, 3, 4, 5 1, 2, 3, 4, 5, 1,2,3,5,6 ECONOMIC DEVELOPMENT AUTHORITY 2019 ANNUAL ECONOMIC DEVELOPMENT WORK PLAN EDA Purpose: The EDA is charged with coordinating and administering the City of Monticello's economic development and redevelopinent plans and programs. The EDA is also responsible for housing and housing redevelopment. EDA Work Plan Mission Statement: The EDA's work plan is adopted in support of achieving the goals of the Monticello Comprehensive Plan and the 2017/2018 City Strategic Plan. The EDA will be proactive by developing and undertaking actions for achievement of the Comprehensive Plan's Economic Development goals and will be reactive in responding to economic development opportunities as they arise in the most timely and effective manner possible. The EDA shall utilize the economic development strategies of the Comprehensive Plan, including the Downtown Small Area Plan as a guide for action. Comprehensive Plan Goals: Attracting & Retaining Jobs Expanding Tax Base Enhancing Downtown Facilitating Redevelopinent Housing Choice for Life-Cycle EDA Objectives: 1. Continue to support redevelopment efforts for publicly-owned properties in Block 52. a. Continue to focus on site control for a potential future targeted redevelopment in Block 52. b. Resolve the parking issues that relate to potential future redevelopment of Block 52. c. Engage with the wider development coinmunity to test concept ideas and explore the marketability of Block 52 as well as the opportunities for possible partnerships in redevelopment plans/efforts. d. Support as needed the completion of transportation improvements as envisioned in the Downtown Small Area Study Plan. 2. Implement the recommendations of the Downtown Small Area Plan a. Support and advocate for improvements to the downtown as envisioned in the Small Area Plan. b. Develop and support the appropriate policies, programs, and incentives that enable the type of development described in the Plan. c. Continue to build a funding base for use in property acquisition and redevelopment efforts in targeted areas. d. Implement a fa�ade improvement program for desired revitalization areas. e. Meet with downtown property owners either in a group setting or individually to understand their concerns with traffic, parking, land use and possible reinvestment in their property as well as willingness to sell, partner, price, etc. f. Support opportunities for park and trail development as consistent with the Downtown Small Area Plan. g. Encourage the redesign of the pathway connection under the MN TH #25 bridge to incorporate safety elements and improved lighting. 3. Engage as a partner in local and regional development opportunities as they arise and also the Comprehensive Planning process as it relates to strategic visioning, land use, transportation, housing and economic development components. a. Encourage and support coordinated planning and development of parks, trails in or near business districts. b. Support the developinent of the pathway connecting Bertram Chain of Lakes Regional Park and the City limits. c. Continue discussion on use of tax reimbursement/abatement, including development of criteria. d. Consider funding and/or completing studies that provide policy and strategy framework for desired land uses/or projects in the downtown and for other programs. e. Monitor commuter rail development in and around the Twin Cities metro region for potential benefits and opportunities to serve Monticello. 4. Support new multi-family housing development through the use of financing tools such as new TIF Districts or use of excess TIF dollars as identified in the 2016 TIF Management Plan and per the adopted Policy Statement for Available TIF Funds. a. Develop marketing packets illustrating financial tools and available sites. b. Dialogue with multi-family housing developers and inform them of available resources to support MF development. c. Sponsor a multi-family housing developer expo providing site and financial assistance information facilitating relationship building. d. Continue to explore a 30 to 36-unit workforce housing development on EDA owned land along East 4t�' Street or at other suitable sites in the City. 5. Market industrial development at the Monticello Business Center (Otter Creek Business Park) to a broad variety of prospects. a. Ramp up multi-channel marketing efforts (including a familiarization tour); establish a formal plan and appropriate evaluation metrics. b. As guided by the Comprehensive Plan, target the following prospect areas: i. Businesses which will be a supplier, customer or collaborative partner to existing businesses within the community. ii. Businesses which would benefit from Monticello's utility and communications infrastructure. iii. Work with the CentraCare Health System to ensure the retention of and to promote the expansion of health care services in Monticello. c. Focus on prospects which serve or rely on the St. Cloud and Twin Cities markets. d. Work with the Monticello Times to do a business spotlight or profile article two times per year. e. Actively participate/network with current businesses to help establish external relationships. 6. Market EDA incentive programs in a more proactive manner, both within the community and beyond, beginning with the education on such resources at the EDA level. a. Continue to foster external networking opportunities. b. Present existing and new incentive programs to smaller community groups, local banks, realtors, and local businesses. c. Develop and communicate a"complete" development package prograin which provides support and assistance to prospects and developers from inquiry to construction. d. Update multi-format (print, digital) suinmary resource piece. e. Explore the opportunity to develop an incubator building or pre-designed building (shell plans) with contractors ready for development. 7. Actively (aggressively) market for sale and development the EDA-owned properties at Cedar Street and Outlot A. a. Identify types of businesses sought for specific properties and market to these sectors accordingly. b. Develop marketing materials for the fonner Fair Garden site along East Broadway. c. Identify coinmercial properties which should be held for larger redevelopment potential. 8. Encourage more proactive lead development and response in all market segments to support a diversified tax base. a. Develop relationships with local realtors and banks. b. Explore agent/broker relationships; evaluate the opportunity to engage a development facilitator. c. Develop a list of target properties and share with realtors and bankers. d. Research and communicate state and federal incentive programs for bringing businesses into community. 9. Examine housing stock for aging or blighted properties and research development of programs for redevelopment and/or revitalization. a. Understand the state of the current housing stock/inventory and areas of need. b. Identify and prioritize potential programs, such as: i. Program for acquisition for redevelopment ii. Program for revitalization iii. Program to encourage new development in in-fill areas c. Exa�nine use of available housing TIF dollars per the 2016 TIF Management Plan and the adopted Policy Stateinents for Available TIF Funds d. Establish clear criteria for "blight" and "cluster areas" for focus of programs. e. Identify and communicate state and regional programs which could be leveraged to support identified properties; identify programs applicable to each property. 10. Support the development of an economic development brand and implement in economic development activities. a. Work with Communications Manager to develop coordinated economic development (including amenities such as technology and recreation) marketing message(s) and plan. b. Create and/or enhance economic development materials for the website. c. Build value in development resources reference materials and communications pieces. 11. Support the IEDC in its lead role in Business Retention and Expansion efforts and in workforce engagement and development efforts. a. Continue to engage and support the IEDC as the primary partner and lead in the Business Retention and Expansion Program. b. Continue to support the WCEDP sponsored workforce development efforts. Appendiac: Monticello Comprehensive Plan, 2008 — Econonzic Development EDA Agenda: 07/10/19 10. Economic Development Report (JT) A. Prospects — See attached A spread sheet with the concept stage and active search prospects is attached as Exhibit B. B. 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