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