Loading...
EDA Agenda 06-29-2020 (Special Meeting)AGENDA SPECIAL MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Monday, June 29, 2020 — 4:30 p.m. North Mississippi Room, Monticello Community Center Commissioners: President Steve Johnson, Vice President Bill Tapper, Treasurer Jon Morphew, Tracy Hinz, 011ie Koropchak-White, and Council members Lloyd Hilgart and Jim Davidson Staff: Jeff O'Neill, Angela Schumann, EDA Executive Director Jim Thares, Jacob Thunander, and Sarah Rathlisberger 1. Call to Order 2. Roll Call 3. Block 52 a. Property Context b. Redevelopment Update c. Goals and Direction 4. Adj ournment . . r ' ,'ti _ . ', . .� I '�. �i �r. o 0 � � . c . �` �'. �h �'f..� . Lf� Lf� �..� � �� •' � ,��.• �L�.�t . �� L:i � �_ _ �`� _ , f. �. _ . Jf .w �' -� 3 • '� �L./ N Y' L r _ C � ' -:� �/; � �- .�� - � 0 �� � �� T � •. �" � � G7 � � � � , Y:.'�'- �` Y `-; 0 � :� ,.�' �.� . ��}, `• u °1 � > i� ��. ° �� � > � �����r � d i _ sM • .�J.. 7 'i ,— :. U . , . r.�J d d �� a � � ;�, �" ,•�* � �', � , O O " .y, i . - . � _� � N N r. 4.1 � . J_ L � CA CA (6 (6 � 7 - � � ' � -- ' �+ �+ /1'� A•� � � ' � - � � i + i � a� a� `�-•- � w • '� ti �� . dC _' "1" d d �� � , � , � � N W � � . LA r-I � f t + � � . O p • - _ � N ,, , '�4' � '�, ' � � � � _ ' + � � 4�'i V �� +�. : .,� . �. ,� ��''� •4' � , . l�D � rM-I O w+ r '4,� �-,fi p �^ lD � -- N o�� ' �� � N �, ,- ��! m m p E., - ' � , o � iA �. . , � f � � �n � � v 0 �,� � O �� �T7 . . - �� = W p � C� � #y, . � IL .. aks r � O y}�rO �F � �., i ' :�i �.L 'i� � � � N a� V � � O � � 'a � O f � �• _ o o c? ���,. C�J ��• � a� .. °� , y ' � � = C� "�'' N o �.�,� � _ '� � 3 w� � '' N � �� Q o y �'�� � � i� � . �� � �N� y � T y,� ~ � � � � �,; � � % Q r2 . O � = ti a ` N � O d `, , � > �r � � 0 o Q � � � ��� �'� f U a c`�`i� ���s "�� �� N G� � o J � o O� � + + + , `,.� +' r�% N� �" J u�'� � � d. H H H = J� � � ' r�,, �• / p Q � I.Nfl � � �+ � � � 0�0 O { p O m y '� o / 1!� d ¢� � d v' ui Oi T f.t � r t �. O M ' �y �, � N � �r� � � =� 0 0 �"� . u� _ � n n , �..� ' T � .' 4 � � fOA � � . ,� N �'�... � O ' + , � f � �- � � � � ' � �! � � � � � ' O 4� _` -1_� � N � ;,` ...,�� 4 , � � 3 u� - � d o � � �n � s � �' °c � : �r� s � i O =.., � `.? � = 1!� p r C ��- ~��� Y^ O O �' �� € E CA �►^ � �� "1- �" ��- N � ,_ . '.ti ' _ -. > t �� fr - -` � . �� �3 1 � -- � � � �� �! —_ � . . �� n J� ��� � ' -�_. - � � -�+ , h0 -�f ���_. - , _ F r - . . -_ � � 'n � N C • %tr -- � 7 f6 lD `1 ` ,. � .� - C� J � •1 n�• � ��., t �n N �`p � , � - _ . -- � N i � �n +' ' y., Q C . -� � N ..' 4,. � i � N (6 a'' 7 c0 1. . -. � C � � .� N O N � . .. : _ k C ! '�' on � � � *' � v � � �o � _� 3 c � x c +� f6 +' 3 �E`+-�,; -d � . � O �o � � o ` --�a °1 � � o ��,� l � �•`r ,�li�. � � a � �, `° � > � � - " , a� +-' � c� c v c � m v m - „ `� > � �o � '� v 3 � c . � � � � � o � � � � ��` °�'� � � o a C O C � "a +-+ C ?�. . � . � f � , � . I � � a� N a ��, m ��, v � � � � � � ,} o Lii � c �' Q +, m>� � �' � o a� +� v +� � p � v � '� �n `• � � y, � v � '� w � v '� s-1 .. .I +��' �6 � � M 2� 00 C � i ++ �` � �,,, _� i U i �� ++ � to . to cn � O �n � . _ , �, � � O ..y:� � .�; * 3 !I O U • • • / ' � �� � . �` � O � � , � • � m- -' ,4, . .. l* "'� � O ., � t • ` . �. � . � = �''�fv . ° , . k�,. �: - :i;. �"� ..�. - _ r '�. ",G�� ti � N . r, � 4 �' ' N � \ Y � U � O m � � O � W / � �,A / VJ � � / � F � � / 4 Z 4 � � ; � � �.�,` o �' j � m w � � a y� 4 � � � � � oe � � L u � � � L £ °�' � _ �� E E L - E,'u_ Lg ; ! �o 4 v 4 �, _ 4 P / �$^ 4h f / 0 8 / ` ` ('' � ��m i� " R ° � a d�- 4 \ � � 1 P�� /. 55 t't ^ � �� 9 S 9 -• �,d`� -,'s � N - �} 5 s fo � ���.�� \��\. /Yg�N Ye �S f"'/ //0 a�'�a�b! W � 3N3! w d % Q =� � ,� '> /�� � 4 J /� 5 �rv 4 � , � /4 r a w- J � / � O a � e \J� a ¢ w y�� ^ 1� p `m LL W , � Z o Q� J / � �. � d 33�d 0 > ¢ a e o ¢ 3 � � �'d� � \ � � \ "` , � � ' \ � �r z �'' �-' . , o� \ . � `�d� �x� �— — s 3� N ���g ��f �sJ 26n_ d � 9�F � � \ �"�d�,.� ' 3FZOSSrN \ \ �/!� ae � T 6y ��� � \ � g& \ � . � v � ro a m p � ai C m o 3 � a .R � � � � v d y N £ . � a 3 � £ � � � v � � ro C w m N � � a v � y " m m 3 X � ro � � ro v w a oo -o � w y � ° � f6 j � � � o � a+ w a o " � E �aa°a°� � r-1 N � O p b �' y i' .u. � � ... � �w� a p � i' 3 �a v' °i a 7 � a p � � " 0 7 m o � F� �' a' v a � a`�, .� .� �' R' m y ro '�ry +� bq,L' �. � '" � A° � � '" .� 3 v m � 3 A °' � � � � � a ro7 - �d o � � � a+ °' w °�' o .�' y � o � o � m v �� 7 " v x N v . ^d v v i, �n 'j 'd .�' � � �'� °q 3 v oyo. . ,� y 3 y ro x v v � o o m 3 � a6 y 3 � q �o N � 3 � w " o v � F� v w o v a � a, ^d .0 ° m v � o ro 'v � q 'd � cd a, ^d v� G' a V a a, � > ' � � �ro o � v q � o � �' �i � O a � � O � � y � y � a q C � ? N v ro .ti � a o� a ro a c�d v'b P..� v v^� .a 'd .� .� cd � 'd cd C f6 o� a c y V � i N � � £ s W i Ya Y o V GI Y f6 � s ,�o C C m m aa N � 's � o N � ic �� � 3 'a� � � ° a � N 3 . v ^d A ° � s°�. a�i � Q � a �p v aro y o ,�, CN m O C. v � � a�o "d v v � v a'b ." v o � � °„' -o 0 o y v� m ° � �-o m V � �' U c�tl p y7 � 0 P. � � ° ,,, a � o ro o -d ^ y`qy; °' va v vq°'� N C � � � v 0 0 f. 'd � °' �' v O � O � A � 0 �Gl�c4wv° �''/�� ��f G, � �� � ;,� �'J` V `_ ♦ � xi. `'''�. ,.. °_� � ``, r Q" �. '^� a m m :�' o�\V�� e4 0 � p 0 v � v � a 0 3 � v N m �y a a, a v � � � � � `tl �o a a � �" p 7 � � v o � m ro o � m 'ti o o -d pa `� v G o � o � � b � ro ro � .r J� j ? v v � a a °: � N � � � � m a, °� � v° a v a+ p O a > °� 3 ro p a 3 � ro a � v a 0 a � w J m v a�i � ^d v � w o w � A o ro � � � " 3 ^d ° v a.� N y 3 0 ai o � v ; v � v ° 7 � 0 0 0 ,� �-o o � : N V � v .d � � c 5 �m 'i� m v � � � ro V V 'b d � .� y '^ °' 3 � a d a p W o W . � o°o " `tl 3 " Q, o � � Q 0 � o � � � 0 o p � y b�9 W v o. v m � � N p v � m��tl°� a� aa � � � o �?0 3v N a, -o � y o � a, o °: � x y o' � �° � C v �, a � � o m a � v 3 � "d P. q cd � v c�y � v° � a �, N O � m 0 � 0 ^d v v ro 7 � m m -d m 0 0 � 0 ro "d v a� > °O � � D v b a C m C a � > Ca y d b W N b-0 � 0 � G v � �3 v N � ro 'd 'O ro � � ^ v 0 7 0 -° � v � ^d O ro 0 N� o a�i � � � �v � � � o °' G ° Ct1 0 ❑ 0 0 � � 0 0 0 0 0 0 0 a r � C T w � 0 � C O GI L GI as.. � 0 � C W 01 01 C W N GI c O £ 7 � w � W R N W r o c £ � � O > 3 � O m � E O � � N O � r � J f6 w V C w .� a x W W i � W C 'a w as.. � � � T aa £ W C O C O G GI � 7 O G � C f6 w c V >. m r 3 � ;� m 0 vi m � � b�9 7 a, 'C A � "d ,-. o y v m ,-. ^d ro y v o v v � ro � eq f- > x ' my�p°�a'V A��ro.��ro'7 ° �� v - � m o� � � � � � �°-o v�`�" �'a,� a ° ro"� o a �° ro a'� v v m-o`� � � � � � 3 � � V ���v"='� a 3 a, ;" � v �n -� e4 v a�i v,�' .� G,� > p ro -o v N^d v a, �.� ��,� �� � � ... a�.� a, v� ro 7� a, ° id Q, � °' � ^d o -o f. � v " ,� `� a o � � ; a d ° � � o o� m o� o V � � v P, a� °q° v 3�` 7 0 3 ,��, 'ti � ,�' °",y' N � B m �°m cn -.°q.� o > -o � v o °' ro 3 N ��� �v in � y v c°0 7 v .� P. � � � ti v b-0 +� � N iy 'd O O N O� vNi ro �A a� `tl 3 � o " � v v v y b °�v>.vro a�,�' °y � � v $,° a v ,�'b9 Q+ �' � � y N � � �� � y � � s`°. � a�i b�9 � � � o � � o p cy �� id .� a a, CL y v� v a, ^d - v vN � j � N � � � b ro �xpc;�, � ctl P. N ..�'. v v o m � y � v � o � ,��, v 7 o�' �a �a ,y' °> 3 -°d o v ' � v f� � � o ° y o b9 x � � � ro ' ° 3 y v � ro � � � a-�, o `tl � a � 3 �a � �a+ � u, 'C ,3 cd � ^C 7 v � v p p' � b o � � o ro -d ro v ,v, " '—' � .�, N � a, N 'a .. m -d ,��, °�° v � � -o ro ^d o �y ,�,yco�n��`� al � � " � bA y, � -o � �y uA.� ,� � �7� oro o > `tl a..°° � " o ��x �p� �; > O l7 ¢ � 0 � 0 iu �', & ±�a ;;� '���i-� I'' L a" n"a ;d i � 3 b k N N u � �bG 7 L � O N N fA �L � l e �, ry . � 3 -:;�. ,�:. 3s a �� 4 ��,� `, � w lkt:�� �; r- � "> `o � v � � �; .�': o�� ° { ;i w�,a� �_� �a �s��m < � � i1� � 0 0 0Q ��^. t�'�7 �:._3 �'3 � " yh � � � � _ a aa�i C ! ��' �5-O C �L � �;r � . N ���L ��a� s'°3�� ', ��� i 8 v�ao�o � �3� yv — �T�,�,� a n�.�v a'�' ��,3v 3�oso 4-€� a 0 Q Q Q .. ,-.1ra' a � a ,�`:� .�� � trr ,.¢ p� r,' �,�.:� �^sa o ,4 ,y{� 00 / �_�, r r,� �c.:i v� tF� �r4'� " x �A� i.; .\ Ppj� .�//.A . .�� ��� .� N fi � � '.: < d* � � a ` a .,�.9 R '}i . a '��`/'ff� , "d � . i'SY' � ��. ;� y "��� �TM Y.K=`n /p� �"� ✓- p 'd A ti�+ u , ; . �" �'� Q oo-v � '� a p � � � "� �'d� ��� � � °1 ° o � '� � �^` 7%'� " ' ,c` "� y '-d P � ��.. ,� v m �` �M /. V � N � � %r'� � ,;� C �. o W � � � �� y� "�•Va "�.J/ . AT � N � a�+ � ���4Y '�' .��� � � ���c: � .. �`� f � C4 � a� / ro � "d y S�r p G' N G' <tl ro N .b � O v� N LL '^ �� p � v �S�r �i� ��� 7 S�i v ,�, �' 'N p" a o:" m 7 c�n a '�a ,� � o.v v.� av v v� � v ��.�... � v� a. v o A g��' m a�i 3 v�' e4 m v p y�' 'm o m.� v' a, °' � a w v'° � A" ro �� a' y� o c4 p, � q v un 3 3 m �' '" `�° 3 0 ° � � �o a'�i � �,°.•, x o�n �'Cw a�i � o�'�n 0 0�' v m v �y �' m °' ' u' N� a�i ,xi. q � ° v y > � y v � ° ¢' � � p ^d �a > o o a. �' �' , id a, o m a� a v�°' v N � "° m v 3 a o�� °'^� >>.� ° A ro-"o N A � V N� G' N •V• �� ctl a+ v N ctl 7 �� ro'� ,C f3. A o P• o A N o�y v .� ��•b 7 y 0.' . y �+ G� cn 7 i�i 3�" �,� N� b A 7 v v ��' N,� N �, ��, � N� � ctl � y v �-•' v� V:� ctl N� O� � b9 � � +"' w" C ,�, ° � q ° " � � m ro � v o v 3 `tl " > p° o v� o m � o� �> o�o v �? ��� y�� > .. �' y ^ ��' ' , m, cC v m `° v ° 3 o°'n cC v°' � q w�°q �n evn un p� `tl o A w'°'.' 'ti '�" � o�, y sv. +'�' � U o�, ,ti ai �, ,� m� y„ � v V,ti a„ti m m v� � q v �, p m'0 7� ° v � a v'tim c4 >� ° y 3 a m'o > a-o 04 � a m . o� N .� � o C ° o o a ro^d v m,�' �� ° �,�., " °q �w q itl G N a N� v v v� v 3 0>�� 3�� ro v A v �� N v � o o v`Vi . pq '7 "'^ V �i CC N 'd � ^ A `� R+ N y' � 'L' � �'i+ v' ro v j o y^�, v m s�°. � A m� ���, N v.�' ��� o f� c4 � m m� e4 co 5 m � in 7 0 0 o aa � $�g� 1 1 ���5: � 91', �Y� �Y '� ?.. � ;61�� �� . . H a x= q3�, �`v � 0 ' 'd � C b V b Cb $ y � w o )av)5 au„ I . C O C C p O d 7 p �, 3 a� m ac°ra � ro � ° � 3 ro� -o g V a ro a � � o v �,ti ���° m a,�, � v y 3 V °o � � `° c"q 'd '�' in ,x � m v ro .� N °° a � � ,� �a � .� o o .� � v o � m � o y o ¢' ._. `tl y a7 3 �3 j o o � o ro�'°'' o� ro o^d �°�' ��'� ,y' e4 k O v�i ,y, �y �y <y ��y .^� N N b-0 � O O b v V $ a o 3 o v,>` m 3,= 'd ,b �' � a V� A � �� C o v o v N� m o 3,� ro v�� �� eq � " m o f� � e4? 3 " o��a p v �' ,� .o° � cd ,�' N� ° a ro`tl V aG, p �, y y a, �" v o���' o�'3 � o'�' v �y � � � � � � a p m� V � ° x � �a � � " � °' g ° a q v o o^�' �� N o m N v �,,�', a' 'o -o a � y � � � � a >, q 3 m q 3 0�.� °�� a, o �a 3� o aa 7 � 'y o v '� � �' �a ,'x e4 °� ,�° v v �' g m °' ��" o v ... q � f� v,L' v°' " v� a�i ,�.. o ^rod c0 � �[' ,kN.. i ,L' � w � O C' � � O A G' � O ctl � 7 i;.*� %'D�'�� ����i °' � v � ;; '� v � � p �' A iw o"n � � °' v ,,�v, "-` �,�4�,c:�F' � � �� .�.? � v 3 � ... V � "" y G �' ro .° � �' N o ° V 'd o � � y �...� : � � o >. v ,x �'o `° v >, ro � o .� 3 ro . y �" .'� $T °' `° � � `° v C �y ,v3 p. � '' a a, 7 � �d �' � pr j 't .��l. y� v> v^d ,�, . � w o o q y� � a� � y o � � � ��- Fn .` o �° `° � o a°+ � �' '�' �' `°''" a, �' o """ ''T °q° � a3i �, _- �a � r.>, i�� Y, ti v ,�' � aa �o ro�, 0 3 v o�� '� � 3 v.ti ro�' � � y 2 �d m m � 4 `twm:. y � d � � � � y v � �o" .ti . ,�; ' ,ti ' . �. � � , � m " 3 ',�, °' ,v, o o v v 'b � m 7 v � c"n r . �a �� v a ° o ro�' w+� .d ^d `tl o r� �n y v a r .��� .a1 �.."a .� b� y�� o �,-d `tl � a 3 v a'�i m v Q,,�', 7 r� �� � N ea.• v- �. L eu-v v m � �'b � p b� p un ��� y �� y '� n C �°�� o v s`°. G a>• � a a v o 0 3 � ���yi '��/ � �' �a ¢ < .� m o ° a+ � v ^� � � � p ,� ro v 3 0 0 � � � �rn :J�/a" ` t'i �° o � 0 3 v v' .ti a`°, .x � u�i m a�i `tl a �i+ o � %�oP ��� p \% L a w '" �� �''�' 0 7, �q p ��° a�i v� o cd a. °° b " �' o� 3- C c�. o aa -d , -d � v m � 3 � �..\ .. �� 'M r \ -i. � V o z 3 ^d cd '� � G � :ti cn cn v � o � � o � 'b � o �-d / � « � j / \ J�/t �/ ° � 3 -o a 3 a°+ 7 m ro v � ° `° �" °� > � � P' a>i o"n x o � ro �' �� . ,, �` J , '� J r i � � � � o o � '�on N v v N � v 'd `° �, °'�' 'y �i+ 3 ro °3' � �m v ° )� i w� � s"L aa � ° � °: � .� 3 � > v � � 'd m ° °' 7 'd ° �, � °: v P. c/) bA P. -7. A' W c .� � .7 � C W � a O > w � W � � a�+ W 01 01 � � � � � v v � � v � p o v o p � � �d O � '� > C v +��' w �'3 "d � 7 v 'O � o C � f6 pq � � O i '�d N b N � � � . a 0 � 7 v ^d � ° . � m � o v � v � � o N a`tl, v q in q ro o v v v v � � N w � 'd p � o 7 " `d � �� � � � m -o b��9 ,b � c�tl "d A 7 3 � � A � a p O Q V o � �v � -d m o '�' a, 3 a a o ° N N ro o q 3 v � °' o o � a� � � � ° '" � ,�' a°� m 0�9 a�, a �° a, ° ^d � o 0 � � N `tl ° a � m o � 7 � � 'd v v 'd � � a�i � � � � � � o v '�' m m 3 � 7 � v �vw ro � v � o p v ^d � � � O � � " o �a M ' � � N ^d a, ro m "� e:� 7 � A � � .G N Q � y b�9 A o a �, � a m a � � ' y o 0 v � v � � � -d o O c�e b9 v R � � V . J � O b '6 rr �v C y m � '� N N N � V P. � N � � N � � � •� � � m . --------------------------=i� ----------------i \, \ �. ;� �-i ----------------i � i /� n� R ,,, o b v v � � o � 7 v � o � '�' � a�i O � � � � � i�i � � o � � �, b�9 ctl �y o � o o ,;,d v ,ti �y ,-w m o'ti �, 7 �.,� m o m e4 0� '� y v �a �a � � o q � 3 � N 0 C o a�i 3� v �' �, ��P. O � � � o � �V �� o 0 �y � O J. � � � � � v � � � G' o 7 0 � R ro v �' a+ c°'�n .ti .o . � A � � C � '� � m � V Q' ctl �. i� c%] �% N F A IL. . . . . 1 r;��.: ----------------� a � C m d u a 0 ' a'>sa�, d F e F 0 D� 0 ;�°S�n�� eP vi ¢ � '� � �;Sa �..`. Ud roz��'�L. \� � :k � F� � i'� m F"��� y� O 0 � rot:.ypW a Q� � �a o:c'h `£y� 0 — a�i ¢S;n �� m a 1 ��� ��ba� �a�o� ab�N�� �°m c° o°qF° �� o �yo �� oo��'°n.�' '� ° v �°'�x v o N � 0 ���3P"d N ^�� zAo v� � a p y o > N 3 v ,� � �x N in �a u�o �� � a q �� o,�om °� a� o � �o;?m.�'�,a� 7 v y � 7 '� �y � � � �� P. � O O �y S1 O� O O� b � N a > N>�N O�-o�m°��3 � 0o v �� �`tl o '��° ��� oo�� � � ,� � o oo�aa N � � ax��.:v cLSLv. vo`tl.°aa,oyo�y'�7 ti v-o 0o ti o�� N o� �' ao�oo„'�',ti-dm�a° � �,N" m'ti m nn�'�v v�Naamp�o � �v�AN�y.�Ny3y° ' � ;� w y p m.� 7�y y y°' p a N ��ti :�. y v w�',� v o��j'5� "w„ # ai1 N 7 � �a�;,�3oa�a�� �v i �a' o o�o'� `�° °�''oo�' wF°A � o � a¢' o ti'a� w a,w�aw m N�' v '� w „oo6aN,-omy� 0 y" 0 b9 �' 'd �� O O � �N � N �^� a+ N 70 p '"d 0 a`�-' �"d �� v N N � � a"�+ N'd � LL m� Q� Y �' A � 'd � 7 <y �' +x' a�°N'map��oo W b� b0 �. a� �' "Z4 �� N� �N �' ��p W O'� � C'� r� a° ��"'ti°ooNo X � o �o N � .d �, 'v � C G° m � oo.ti ,v' +� " A� y'Ci. v yN � �' a� o G w� o o��'o.¢' o a�° -d „ „ �,�7 � ¢sa�� � A y ,�' v Nl"�'"e � �d m ''`v � m "° � .7 w o �' � m _ y � N m �:z ti j� � ¢ °� N a� � m° w �C�� � 3v�° C � 7 0o m>:,'", p w D�� �� b oo� a �^ � `tl o° C:9� �'�o �a`z'S:n / ° ? - � �, 'm o ° o '� � ¢ LL � �.b�� �' ' w ¢' 7 ° ,3 0� b� ti d � y°a�b z 5 3 v v � ° a-°o yv �� �z'3 0 3 a z � � �a� � m 3w�000 r ° a >. a, EQvz"v w � w m N.d o�ootia 3FqO�o� o �N �z C � y �w � x 3 � � v a ° A � � p y � v C N ' ti o � � ,� � .� � � p b N~ N ��"�i. L� ' .'L b9 � � � a v � -o C mm °�..�'tl. ° 'r ,��F p,. g�;a �� '.; �.� � „ � �y � �'` f � `` �� `eh� � / � 3 0 � . r � '> ` � P � � � r ; �� ., r v' � � " a, � � a' `�� i s,� �.. 2a� " , s :r 3 v m° a a �' jt. � ',���'�`i �" ��", �'\� �s"sr� / ' � a � �X � �° m a3 /� O 7 � �f(��. ro g j, � . . � �",• (�p � n , �IY �',�la�' �I" �S q � � . � ` � a � Qi v, A �y i � i J RI� i K 4 i Ci o a °' � c �x",fe.c». � . -b� F- . � .. .._ o r i °' `� ' . a > .... � e y��t A�- 'Q°' ♦!. '' � � 41 N.: al v V� c0 5 � � y/��: sa,,,d {� j �3: � �� # � � � � a > a 'ia' s�} t, � �-„ l 3 V,� o� vin�o w < r� o- w C �' , .. �F �F� V A ctl �,� G' > A $s�`�M� � �' � ' '/i � �.. J] >.p v ,3 �, � v .? ..P .J �.° % �.,. � ,x' �'ti o �;� 1� �cs cr�, � �.� � �... `� �, � �� i� , �' � � o , r n .� >.xi. � 7 7 � �r�"� �",y,.w r s � � / � �f^ ^ '�`�`� V�f.. ��� �S'�U��+ „ \,...�+ V ,-w ,�' � ° � �� ro �� 'T�`� i� �v , .�: � d/, "'�y ' o o .� -o .ti >..ti ��i'1��. `i.�� �_. .�`i�r '. � (�:_., ;�. >��b.-_ m aa � m" � � � � ar N N N i R 3 � N � � +� 3 � � ao 3 ) � U � � O �C �3 O � m N � � � ar 3 � � 3 � 'a O U y � O �C � N � O � N � � O U � N t ar 0 i 0 +� � m *' c� � O � _ U N OC 0 � � � � '� O a U c� a � a, � 3 O � a � � 0 � a � 0 i N Q O a 0 a I� O� N lf I c-I lf I O 00 c-I O I� � lf I lf I 00 r-I l0 l0 c-I LfI 00 M N M LfI N O l0 c-I c-I LfI M M l0 O c-I Lf'I �� I� M 00 l0 N 00 O M 00 O r-I I� M c-I 00 c-I Ol Ol 00 M I� �fI � I� O 01 � � � O r-I O O O O O O O O s N s N O s N Q Q Q O 0 O O O O O O O O}' 7}' 7 O }' � Z Z Z 0 0 0 0 0 0 0 0 0�3 ��3 � o�3 � o � � � rn rn � rn � � � � � � � � � � � � � � � N l0 l0 LfI Ol � � � � I� � � I� � I� M 00 � 00 7 � 7 � l0 7 � r-I � i/� N c-I i/� i/� V V i/� V I� i/} i/} C C C � O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O . . . . . . . . . . . . . . . . O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O M� M c-I c-I �fI c-I I� c-I O M N O I� N I� M LfI M N � Ol c-I N I� N � O LfI N c-I N l0 N Ol I� c-I 00 c-I i/� i/� c-I N l0 Ol N � LfI t/� t/� t/� t/� t/� t/� .� � t/� t/� t/� t/� t/� t/� � � � c-I � � � N M N � Q Q Q Q Q o Q c o a� � � � � � o � 3 0 > z z z z z o z o o�° o c o � o � � � LfI � r-I � i/� LfI � v�. � U � a� a� �� � � � Q Q Q 0 0 0 C� w w w � � J � O � O O O N � VI � U � U U U N �-+ � �-+ S �-+ �-+ �-+ �� 0 O 0 C 0 C C C Q i� m� O� O O O 0 s U s U� U��� a � c �, c � c � � � J � N N O N O O O � s � � � � � � � � � � cn � cn U cn U U U O O r-I O O r-I O r-I N O r-I M M l0 I� I� Ol O O r-I O O O O O O O r-I r-I r-I N N N N N N N N N N LfI LfI LfI LfI LfI LfI LfI LfI LfI LfI O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 � � � � � � � � � � 0 0 0 0 0 0 0 0 0 0 � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � a� > 0 � � � N � � U � a� .N 0 � Q 0 w O N U C O � 0 � U O N c-I N L.fI O 0 � 0 � � � z � 0 0 O O � m � � a� a� a � c 0 .� � � � m Q 0 w O � U N a"' � � O N � Y � s � � � +� � U O r-I M M � -I � -I N N LfI LfI O O 0 0 � � 0 0 � � � � � � 0 0 0 c c c � � � C C C � � � O O O U U U C C C � � � 0 0 0 ,+�� ,+�� ,+�� U U U N O O M � �fI c-I c-I c-I N N N LfI LfI LfI O O O 0 0 0 � � � 0 0 0 � � � � � � � � � O O O O n lD � r-I r-I � O O O O � � l0 �D l0 �D �ri ui M M � � 0 0 0 0 N n M m � m 0 � � O N � CA N (6 C *' 3 a�i O L � a U � � O � � Ol LfI 0 L.fI � � � �-+ f6 � � N �L a � to C *' 3 H O 0 N M � L.fI c-I � -I i/� � N c-I M c-I Ol O c-I L.L � � 0 H 0 N LfI � 0 Ol c-I i/� � 0 � � � j �n � f6 U ' _ +' O m � m l: �'� �. ` , � -A F - � j- � ��,s�`��r. __ � � ; y'�I - � _. � �� � ' i�. ' J ! i � _. _ � ,� (. � � '� �:�: ,,,;�. ,,� ' - • � ��- �,, - .�: -�� - - . -- _:. - �� `�{� -�� i `�;`� - , r�� __ � �� ,� ::._� � - - --i__i__i__�--� .. 9 � �� ��. ' � ~�;�.�.�,�- ; �� � � u-- -- .. � � � �: �y _.. . �� � _,� �, "' , ,: r , _ �, � � � � _ ' �` ' � � ` . -- � � :,� � r.. �- - � � � �i= . � � - .�:; _ - ��t � _ �. � �' � �'�` - , _I � . �J _ � i q _ � � ': ~�.. �., � � � e - -- � �` . .� 1Y ,,,1- - .G. . , , � .�- . , � �� , �, 1 � - � �4 1 _ � � ��- - �.� i'- �`,� � � � �4 ~ - - ` i 1� �;.flL/N i.lP ._ � .. . a � � �� - -. - � �. �` �-. � "_ , � . , ' � - � , �.R : - �+ � �,. � . x. -- - a � . . f� .!'.F. _ � y' 3 � , � - —'� 'a � • . �"^ � . � ` ;.� ` �'"'�' � � � i - c • �, M �d � " r � .-4� ' � . - �{ � - ._s—_a-"'i`r" � . `�:.- 7`.-� t p � � 9� MARK�"T F�A`TE A�'ART"1rVIENT'5 �& F���TA�JRAN7% Fi�ETAIL. Presented by: 750 Second Street NE Suite 100 Hopkins MN 55343 952-930-0630 www.beardgroupinc. com 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 Retail/Restaurant 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 Monticello's main street, State Highway 25. The 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, Monticello's downtown hosts Beef O'Brady's Cornerstone Cafe, Rustech Brewing, Walgreens, Cub Foods, boutique shops and everyday goods and services. Additionally the site is minutes away from the Big Lake Northstar commuter rail station. PROPERTY DESCRIPTION Parcels PID Numbers 155010052150 155010052140 155010052131 155010052110 155010052120 155010052130 155010052132 155010052010 155010052030 155010052031 155010052060 155010052071 155010052070 155010052090 155010052102 155010052101 City: Monticello, MN '�`� -. , �� ;� �: , , �-� . �; .� �� � � �" � �' � ,� s � ;�, � � ; �� �' � �� �:� �, � G E ��` / � � ��`�` � �'r � � �` ! � � � ,�.` �� �, � ,� .. �� ,; � �� ���` �j I.� �. A��� p � � � , �t�: � .� �� � F � � *` < • � '� o r� �� ��Y`t �� a // � 1 E �m�Y� er� yw'\�t � ����� D ' /\ �; .�II � ma U � � ' � Page 5 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. = •'� Page6 r 6 , � i i .s - . � � � i ' ' I w• i ` � V� � � � .., i". " _ __ � � r� . , . . � ���• '' �; "-Y., ��'� � ` .f =� 7,�1 � � 1'p'�-`�. '� ` ��6 1� - , , � , . ' ; _ -- 1 . �"�'" �� 1 � ` � � �a ,��� s . � - ( _ I _; "`� "�;--r� 4' �� ^ , ,�-,t.. .4', � -�- `'i � � �io.z�f_ �� V .I � � _ �` 1 i '`',�...� � ,�,, ' S„� �' ��� , �. ti .�.�.: � :�; �� _ ,��" � '� "I� � � �` �V �� w � . ! _ . _ — � �t_ :., ,; � � �� � � � � I � r �4 � � � ` r �� ' i ` If d � �, ' n � �! ' ; I ,� s �� � , _ ,��e,.�.�.�—�-�— � 1 S � y � � } � 1 f � ��. ,• j G � 1 . ■ o � T 1 � ` G �4� � � A i ' r � � � � `' . • ,� ` x � �� � � � , ` � i . .�r 1 � � � "� _ ; � ' � � � - , �.. _. . � � � t ; � �� � � t � I 'y ,�^ � l� � �.._ _ - - �.--- ��_�---�---;:�: - � � � . � � �� j�� . .�` _ ` 4�.,� Ill. ;� !' .� „ ! �,����. � ��. i� . j � j -�� � +� x • 1 ,, .,�,;,f _ .�..t ., ��s � '� � ��� ,�� �' � ��� I V ��. � �; �.. � _ �•°'� �,'�►I '�',� t�:.,, � . .+��--�-_ -�. = � ' � Beard Group, Inc. �W� Page 15 . �-� ' o _m�Nmo � 6 .Z. . . . . . � pQ - � � M � � � rn � � d o = a _ w O � . . . . . . . � O = U' � O � �y g ' Y m r/~] ~ W = � s. � � � o W a � o o a � ry = m m o m Q � a � z z � � p 0 0 <n i 0 � W X ;, .. . � . , y _ - . . . .. - �: .,r•+s•.t—• - r- � - - � y , . -...,, , . �....,.� a � . ...- . _ _ . ��7����� Y - , . �,i. J � '� *�� �� � � � . ` � � — � _... r a�:r��_ _�'` w ..2:rt� ,.c • �i � N�34 ..� � . � I� ' � ' � �� � o �� ,�. � . �; � - = � � s ' i�� � � ��I � 6 � - 4 1� ��� �; , � _ �� - � ��_� � � _ _�i ���I I,� � p .�,� _ - _ �T _ � ,� � � I w o = �� � ��,, �: � . , Y,+� J � � � ` � � � r ..,, �.. ,« ,,.�' I _ � g g I � � o � � i � � I i — i: a _ � �� � I � I � , � �� � � o � -. � � I� � o - m � � ���; �� a - - � LL g 4 - � m N � � �� o z y H � a m R � � {.�. � . � � a L� — — �- �— _ � � �- - , I4 -_ ' . '�7`I�F �.� � �r �k I � �I� v � r"'yi '�� ��. •r+��'�� I� j M:: m �I� u�,i�� �, � 1 � o t. , �� w !� . _ cn a =�'� Beard Group, Inc. Page 16 , I � I . . . . . � . . . . . . . . . : ; , . . . . , . r , . , , , , , , , , , , , _ . ,.� 'i � N Z � � a O w � � 0 w sc � O J J W V H Z O � =�'� Beard Group, Inc. Page 17 � N Z Q �' d � W � � � � W � � � J J W U H Z O � ow 0 =�'� Beard Group, Inc. Page 18 � ,� s I T . , .";� L� .. '� ai`c� ' �. . ,� � _ � ' .�� -��� �+ � = a / r - � M �' , y1 �� i .(.. r. .f i' � Y+ ` �i:. � �'C u �J y � �' L:� . �: :� �� �;� � ! . � � _ �� - ` 1 � ,. �� f � I � ,`i.. r �1' ,� .`a+ � - �/ %t�. � j � . ; � � � tr�h� . �� � " " �� ,�, � � . ♦ 'Y �A. i� . � r:::- i � . �. � �� .q�' , _ A . :�� � � .��� �r ., . � . �� � , �� _ !F' " �' , � ��� �J � � � ��1 '��'C^ . ..�."�� r \ '�.� �', � � ` �;�� ��r.�`.'rr � . '��' � � � � t � C3 � . ..'� ��, � �'��- � � � _ � �!// � . :' 1T,f � �` - Y���� � ��• ll�J:J K . . � �.�1:' T . / . � .'/'it � ( f� �. � -. � / �. � / � . Q � � �R , ��, . � � ,�L� "!.�� �'�� �F� Q ,� ' �, � , � ''� / "�� � � �. �" ,� �� . � � � �, � 1 ,• ' � / �:,€t , /� " � +� � f� � !� � � � � ' �~ '9� ' ' /, / ' . , � � � � �'�'� = _ :° � � � � � � � � �' �] �!''� `� �c�' � ��;f� q�3 �� ,,' � � �,9�3� � . � �� ; '� � � . _ � ��. : . , � � � � �.,` ~ ```��,�,,. • , _ � . �� ^ _ � r1. � ,�,p � � � � �� � ,� � , ��►; ,. .,,, � �,� . � � ,�` ; ':`-• �' ,v, ; �' . � �1' , A � � � �� � e��' .'f� / ;, � :,� , ,� -�. ka� ; � �;r ` f �+ _ , ,,,,�,,,�� � � �: ; ; : , � „ i ; •� � .. t� �'�,� , f �� �,, r �`� �*� `1 1, ,� � �i A; � . ,� 3 ,� �, ;, ,%v' � � ;;� �- : �r � �. �-,.�,� B�o�k 52 � � � Monticello City of Monticello MN � ��� ��-���� 1 inch = 80 feet �� =�'� Beard Group, Inc. Page 19 � 0 Q 3 a c O .N � U 0 0 � � � .� .� a V N N ifl l�D f+l lD � m � n m io vi n �o io m io v v in �. w m m w w � � � � � o io m Fv'. m � v�i w ti � m ni �o �+" m o ti io n " n � n m m ,-a .-i �. .-i m m � � � � M ifl OJ ifl N N O fv1 N tD N I� O tD tD N trt k W N N V N U ei lD lD lD V N V V V ifl � UT UT UT UT UT � � � � � N N N N N OJ ifl V f+l N W O N W N � N o m m m in m w N N f/1 V V UT UT UT UT UT ifl T lD W O V O I� N O Ol N O vl x � W fm+l � T Ot N trt O I� f/1 1I1 lD W W t/T t/T t/T t/T t/T N N V OJ W N V f+l ifl OJ lD Ol OJ N � N � O1 N O oJ V io m in v m ti ti m � � N N UT UT UT UT UT O O O O O vi o o vi vi w w � � v v Ol V Ol OJ N N N m v t/T t/T t/T t/T t/T C � ti ti ti � U ' � N fv1 m m f�+l W u� u� u� u� u� N O O O tD tD tD tD O Q � ri ri ri m m m in m m m m � � � � � W W W W W T V U N Ot Ot Ot O w m m m m � m m m v N N N f/1 t/T t/T t/T t/T t/T � � � tt � � O O 0 O O d v v v v v N N N N N v T V W > O 2 O � O � W 'O T W ^ � j - O W O O W a+ o E v ' j '' i � O Q � Q '_ o � °' -' E . ` .. � � � Y Y -Q W W � � > > � O O O p_ p_ O O � � O 'O O �Y - W W W +l a a a E m W W v O O O U1 O O � p0 a+ a+ _ � o0 � F a a m — O p] p] O ` '� j, O O v � .. .. o . w w O O F t O Y F F � O O v [ W T � � � � T T O � L � _ v u � F '_ _ � r r r r — _ O 0 O O W - — - - � Y j Y Y K � � � � Y W o ~ � ~ ~ O O r � r r N � v T O O� O O fl- v v v v o > > > � > — > > v a y o y y � � � � � � � � � y v� v v � F � � 'y. � � - � � v v v > 0 � m > m m �w � � c o� o o � o -o -o -o > �- Ul N Ul Ul W � 'O ''' ]L ''' ''' O � � O � � LL �'f � 'i+ � i+ i+ � ~ ? i -p U1 � U1 U1 T oD v � � � � ,_ = � -o > > `v r > � � l0 � � 0 - ?i i N fv1 V � ? � ]L ]L ]L � r' �D I _ O O O O 0 W- � � c c c c� v ' �' W W W W-p C; v Vl Vl Vl Vl av+ - i v� O O O O� x�� - F F � O Z.ti N m V vt W tD I� L W 3 O ) dl 1 � 1 1 Q . � 1 v i Y ;� ' 3 ; o O W ; w � O � O 1 Q . � ) ] W L ) y ) L .3 i i o . F 1 W ) � L '. 3 i � � v a i i v 1 N i � � O i m � � L � ' c � � i 3 o n � � F � � � O � L C � v 1 N : � ) � v�i O O � � O O j T O O Q O O � � ) T ti ti m 0 V m