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EDA Agenda 08-12-2020AGENDA REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, August 12th, 2020 — 6:00 p.m. Mississippi Room, Monticello Community Center Participants can choose to attend in-person or remotely via Go-To: Web: https://�lobal.�otomeetin�.com/ioin/682489573 Phone: (571) 317-3122 � Access Code: 682-489-573 Commissioners: President Steve Johnson, Vice President Bill Tapper, Treasurer Jon Morphew, Tracy Hinz, 011ie Koropchak-White and Councilmembers Lloyd Hilgart and Jim Davidson Stafi Executive Director Jim Thares, Jeff O'Neill, Angela Schumann, Sarah Rathlisberger 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 — July 8, 2020 b. Consideration of Approving Workshop Meeting Minutes — July 8, 2020 c. Consideration of Approving Regular Meeting Minutes — July 22, 2020 d. Consideration of Approving Payment of Bills Regular Agenda 5. Consideration of Amendment of Small Business Emergency Grant Agreement Template 6. Consideration of Approving Small Business Emergency Grant Agreements in the Amount of $5,000 to Evolution Taekwondo Monticello LLC to Mitigate COVID-19 Economic Impacts 7. Consideration of Accepting 2020 Hospitality and Lodging Demand Study Completed by Hospitality Consulting Group, Excelsior, MN 8. Consideration of Adopting EDA Resolution #2020-09 Authorizing the 2021 Special Benefit Tax (HRA Levy) in the Amount of $366,300 and Setting the 2021 EDA Revenue and Expenditures Budget in the Amount of $371,300 9. Economic Development Director's Report 10. Closed Session — Consideration of Recessing to Closed Session to Develop or Consider Offers or Counter-Offers for the Purchase or Sale of Real or Personal Property Pursuant to Minnesota Statute 13D.05, Subdivision 3(c)(3). Propertv Address and PID: Address: 101 Broadway West — PID: #155010052090 Address: 107 Broadway West — PID: #155010052070 Address: 121 Broadway West — PID: #155010052031 11. Adjourn MINUTES REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, July 8th, 2020 — 6:00 p.m. Mississippi Room, Monticello Community Center The EDA meeting was held both remotely and in-person. Commissioners Present: Steve Johnson, Bill Tapper, Jon Morphew, Tracy Hinz, 011ie Koropchak-White, and Jim Davidson Commissioners Absent: Lloyd Hilgart Staff Present: Jim Thares and Angela Schumann 1. Call to Order Steve Johnson called the Regular Meeting of the EDA to order at 6:00 p.m. 2. Roll Call -� 3. Consideration of additional a�enda items None. 4. Consent Agenda BILL TAPPER MOVED TO APPROVE THE CONSENT AGENDA. JIM DAVIDSON SECONDED THE MOTION. MOTION CARRIED, 6-0. a. Consideration of approvin� Re�ular Meetin� Minutes — June 10, 2020 Recommendation: Approve Regular Meeting Minutes — June 10, 2020. b. Consideration of approving Workshop Meeting Minutes — June 10, 2020 Recommendation: Approve Workshop Meeting Minutes — June 10, 2020. c. Consideration of approving Regular Meeting Minutes — June 24, 2020 Recommendation: Approve Regular Meeting Minutes — June 24, 2020. d. Consideration of approving Special Meeting Minutes — June 29, 2020 Recommendation: Approve Special Meeting Minutes — June 29, 2020. e. Consideration of approving pavment of bills Recommendation: Approve payment of bills through June, 2020. Regular Agenda 5. Consideration of Emergencv Small Business Assistance Grants to: Ewings Going In Stvle, Inc.; The Nordic Brewing, LLC; and West River Restaurant, Inc. dba Chatters Restaurant Jim Thares mentioned continued interest has been received for the emergency assistance grant program. There were three new applications received: Ewings Going In Style, The Economic Development Authority Minutes — July 8�', 2020 Page 1 � 4 Nordic Brewing, and West River Restaurant (Chatter's Restaurant & Bar). Thares reminded the EDA that they recently approved a total of 10 grants in June totaling $50,000. Thares mentioned that each of the three businesses that applied for the grant are eligible and impacted by the pandemic and executive orders by the Governor. Thares noted that the EDA approved guidelines mentions that businesses must have between 2 and 25 employees. West River Restaurant has 31 employees and had more employees prior to COVID and have had a significant decrease in revenue. Each of the businesses have applied for additional funding through state or federal programs. The funds, if approved, would be used for rent or utility payments. If the EDA approves the additional $15,000 in grants, there would be remaining allocation of $35,000. One grant application has already received for consideration at the ne�t upcoming EDA meeting on July 22, 2020. Staff continue to receive interest in the program. Tracy Hinz asked if staff have received any applications from businesses and excluded them if they did not meet the criteria. Angela Schumann stated that they had one inquiry that was likely ineligible for the program. Thares reiterated that West River Restaurant was above the guidelines for the employee count. He also noted that for the current year they are under the requirement for revenue, but in previous years had higher income than the grant guidelines. Thares questioned whether the guidelines for revenue were for the current year or a cumulative average of previous years. Angela Schumann asked if the 31 employees were full-time equivalent. Thares did not believe so. TRACY H1NZ MOVED TO APPROVE SMALL BUSINESS EMERGENCY GRANT AGREEMENTS BETWEEN THE EDA AND: EWINGS GO1NG 1N STYLE, 1NC.; THE NORDIC BREWING CO, LLC; AND WEST RIVER RESTAURANT, 1NC. DBA CHATTERS RESTAURANT 1N THE AMOUNT OF $5,000 EACH TO MITIGATE COVID-19 ECONOMIC 1MPACTS. OLLIE KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 6-0. 6. Consideration of Discussion of 2021 HRA Propertv Tax Levv Jim Thares noted that the item was an annual consideration for the HRA Property Tax Levy. He added that the City is just beginning the budget cycle for 2021. Thares mentioned that years ago, the levy was set up using the HRA Levy and it was not unusual for the EDA to use a HRA levy. Thares noted that discussion would occur on the future levy at the August meeting and a resolution recommending the levy for 2021 would be brought forward for consideration at that time. Thares noted that the EDA levied $355,000 for CY 2020, which was the highest value that could be levied. The EDA is allowed to levy up to .0185 percent of the total taxable market value for the levy. Thares added that the taxable market value for 2021 has increased by $56,333,100 to a new total of $1,980,148,000. This is an estimated 2.93 Economic Development Authority Minutes — July 8�', 2020 Page 2 � 4 percent increase from the previous year. The maximum amount the EDA could levy for 2021 is $366,300. Thares mentioned that the levy is used for all operating costs of the EDA. Thares explained that the biggest line item for the budget is for redevelopment activities. He added that the EDA could spend more in certain line items, but that they needed to overall stay within their levy. He also stated that the 2021 General Fund interest earnings are projected to be $5,000. Thares also explained that any unused funds can be rolled over and add up over time. EDA members suggested the maximum amount be levied. Davidson provided an example of why he supported the maximum amount levied. He stated that Block 52 wouldn't be complete to the fullest intent because of the cost of the project and that a lot of progress related to economic development in the City has occurred and this has a bigger return in the long run. To keep these efforts moving forward requires resources. Steve Johnson reminded the EDA that the dollars they spend this year and last year equate to things happening in the future. He stated that he would like to efforts to be fully supported and adequately funded. Staff indicated that a resolution will be presented to the EDA for consideration at the August 12, 2020 with final budget and levy information and reflect the EDA's comments. 7. Director's Report Jim Thares provided the Economic Development Director's Report. He reviewed the status Project Gia-Saurus. Staff are spending a considerable amount of time on this project. The four task areas were summarized. Work efforts continue on all of the four areas. It was also noted that the second draft of the Industrial Land Feasibility Study was completed and staff would review that draft and plan to schedule a j oint EDA and City Council meeting for Monday, July 13th at 7:30 p.m. to further discuss Project Gia-Saurus, including the land feasibility study, action items, and ne�t steps. Thares discussed the UMC item in detail and noted that a delay in the construction schedule has occurred due to the pandemic. He reminded the EDA that they are protected by the executed development agreement, including a right-of-reverter clause, and a minimum assessment agreement, which is scheduled for full property valuation beginning January 2, 2022. Tracy Hinz asked if the timeline for the minimum assessment agreement could be adjusted. Thares indicated that it was unlikely. Thares provided an update regarding EDA owned property at 300 4th Street East. He noted that the Fire Department has selected September 12, 2020 to complete the training burn exercise. Carlson Construction has signed the demolition contract and is expected to clean up the site after the training until the end of the month. Thares noted that the cost of demolition was $6,500 and that the EDA would likely have to pay an additional $2,500 for the Fire Department to utilize the building for the training. Economic Development Authority Minutes — July 8�', 2020 Page 3 � 4 Thares also reviewed the prospect list with the EDA. No new projects were added for June, but several contacts were made, primarily related to the Small Business Emergency Grant fund. Thares noted an update regarding the CARES Act. The State is allocating funds, based on population, to communities across Minnesota. Monticello is expected to receive up to one million dollars for pandemic related costs. The EDA can reimburse itself for the GMEF Loan utilized for the Small Emergency Grant in the amount of $100,000, plus other grant requests past this amount. Jim Davidson asked if you have to prove to the State how the funds would be utilized. Thares responded that the applications submitted for the grant prove the impacts encountered because of the pandemic. The City has until late-November to incur the costs to be reimbursed. Thares also noted telecommuting equipment, masks, and sanitization supplies would also be reimbursable. Direct expenditures to businesses and individuals can also be provided. Johnson asked if e�tra police protection because of COVID could be contributed to by the fund. Staff noted the County has its own allocation that they would receive. It was believed if the City incurred e�tra expenses for police enforcement, the cost could be reimbursed by the fund. After November, any unused City funds would be provided to the County or returned to State if unusable. Safety precautions (such as the installation of Plexiglas) could be utilized to pay for the safety upgrades at the public buildings such as the library and DMV. Angela Schumann added that she had a discussion with the County and they are looking closely at the turn back dollars and double dipping that would allow a business to apply for this funding through the City and then the County. The City wants to be sure that if it provides assistance that it has the correct process in place. Johnson asked if the local Food Shelf could be helped out with this type of assistance. Schumann noted that these were all good questions and would be brought back to the Finance Department for evaluation. 8. Adiourn TRACY H1NZ MOVED TO ADJOURN THE MEETING AT 6.54 P.M JIM DAVIDSON SECONDED THE MOTION. MOTION CARRIED, 6-0. Recorder: Jacob Thunander Approved: August 12th, 2020 Attest: Jim Thares, Economic Development Director Economic Development Authority Minutes — July 8�', 2020 Page 4 � 4 MINUTES WORKSHOP MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, July 8th, 2020 — 4:30 p.m. Bridge Room, Monticello Community Center The EDA meeting was held both remotely or in-person. Commissioners Present: Steve Johnson, Bill Tapper, Jon Morphew, Tracy Hinz, 011ie Koropchak-White, and Jim Davidson Commissioners Absent: Lloyd Hilgart Staff Present: Angela Schumann and Jim Thares 1. Call to Order Steve Johnson called the Workshop Meeting of the EDA to order at 4:30 p.m. 2. Roll Call Comprehensive Plan Process/Context Overview includin� topics/priorities for inclusion in developin� Economic Development Chapter of plan and EDA en�a�ement review/process Staff noted that the primary goal of the meeting was to discuss with the EDA their goals and priorities for the Economic Development chapter of the comprehensive plan. The Lakota Group will also provide a glimpse of where the consultant is in the comprehensive plan process. Scott Ruhland, Lakota Group, introduced himself and outlined the interactive goals for the meeting. He highlighted the overall plan update and timeline, the commercial and industrial land use designations, the economic development chapter, questions and discussion, and ne� steps. The Lakota Group recently completed the draft Land Use and Mobility & Connectivity (Transportation) Chapters. The Economic Development and Parks, Trails and Open Space are the ne�t chapters the consultant plans to complete. It was noted that the Community Visioning was completed early this year and that the 2040 Comprehensive Plan would be completed by the end of this year. Ruhland provided an in-depth overview of the draft land use plan and covered the future land use categories, land use acreage, land use map including industrial land areas, and special planning consideration areas. Jim Gromberg, WSB, provided information regarding the economic development chapter of the future Monticello 2040 + Comprehensive Plan. Gromberg noted that the first part of the economic development chapter would include baseline information including Economic Development Authority Minutes - July 8�', 2020 (Workshop Meeting) Page 1 � 4 recent economic development events and developments, business activity and changes to businesses, current economic development projects, and available commercial/industrial land. The second part of the chapter looks at issues and opportunities that the City is facing and how they would be addressed and prepared for in the goals section of the chapter. The consultant highlighted five draft specific goals for economic development and also discussed the addition of redevelopment to the goals. Gromberg reminded the EDA that this is a long-term economic development plan for the ne�t twenty years. The EDA, staff, and consultants discussed the future land use categories and acreages, especially as it relates to mixed use, parks and open space, residential housing, commercial, and industrial. The special planning area of the Northwest Area designated for a future interchange and supporting industrial businesses surrounding the improvement was reviewed. It was noted that the Northwest Area and East Bertram planning areas were long-term growth areas and that the primarily focus was development within the corporate limits or immediately adjacent land in the orderly annexation area. The importance of remaining flexible in the comprehensive plan for these areas was understood. Bill Tapper asked if large distribution operations were allowed in light industrial land use designations. Ruhland confirmed, and noted the Northwest Planning Area would allow such uses due to the immediate access to the interstate if an interchange was built there. There were also other notable areas in the city identified as light industrial where distribution operations would be permitted. Steve Johnson noted that the Monticello Orderly Annexation Agreement (MOAA) was set to expire in the coming years and asked what would or would not happen with a planned area designated in the township. Ruhland noted that they tried to designate areas in the township where it made sense to have a land use designation or identify the area as Development Reserve to continue allowing agricultural, low-density residential, or open space land. Johnson noted that it was important that the township was positive about the land use designations, direction, and goals. Angela Schumann noted that the township has representation on the Technical Advisory Committee (TAC) and Community Advisory Committee (CAC). Staff would be working with the township to bring on an additional member to the CAC as the township representative has resigned. The City is working hard to ensure the township has every opportunity to participate in this plan. 011ie Koropchak-White asked how the plan addresses the Central Mississippi River Regional Planning Partnership (CMRP) efforts and discussion about a second bridge crossing. Ruhland noted that the consultants acknowledge the CMRP's work, but that it was not included in the plan at this time. The consultants recommended waiting for the CMRP group to go through planning process before incorporating or making decisions to include regional policies regarding a second bridge crossing. Bill Tapper asked if the plan took into account the continued development of Bertram Economic Development Authority Minutes — July 8�', 2020 (Workshop Meeting) Page 2 � 4 Chain of Lakes Regional Park Ruhland mentioned it would be discussed in the Land Use and Parks and Open Space Chapter of the comprehensive plan. He noted that it was an important economic development opportunity as a regional park and activity center. To what level to include policy decisions about Bertram Chain of Lakes Regional Park from an economic development standpoint would be further considered. It was understood there would be an increase in demand on the roadways to and from the park. Traffic impacts would be expected as the development continued progressing. The Transportation and Mobility chapter of the plan has future traffic generational data that coincides with long term improvements and the functional classifications of those roadways to be able to carry future traffic loads. Schumann also mentioned the micro plan for the East Bertram area shows upgrades to 90th Street and roundabout connections in that area. Good transportation to Bertram is important for the growth of the Park being used on a regional basis. Johnson mentioned the importance of housing in all of the topic areas for Economic Development. It was noted that a housing chapter or policy/goal statements would be created for housing. Gromberg encouraged the EDA to consider redevelopment opportunities throughout the City. Jim Davidson mentioned that it would be important to understand the direction for green space on the interstate. Tracy Hinz asked how Places of Worship were incorporated into the plan given the potential for new facilities. Hinz also requested that the City always keep an eye out for additional opportunities for easily accessible green/open space. Ruhland noted that Places of Worship are generally allowed everywhere and are not specifically called out. A policy in the Land Use Chapter talks about them being allowed in all residential and public/institutional uses. Ruhland noted that he would review the land use designation acreages, but noted that for residential growth, the plan does not account for neighborhood or community parks within new developments. The acreage for parks and open space would increase as residential growth increases. It was noted parks and open space were an important component for the plan and a high value for the community and City. Koropchak-White asked about the projected residential acreage and how it relates to projections for population density and increase. The consultants projected an increase of 6,000 people, or 2.1 percent growth rate in population over the ne�t 20 years if the City were to develop to the densities the plan shows, which is in line with the Metropolitan Council's projections. Factors such as the economy and jobs will also impact that estimation. Koropchak-White asked if those projections take into account the school district and Bertram Chain of Lakes Regional Park Schumann stated that the school district has representatives on the TAC and CAC to keep them incorporated in the process. Schumann noted that the East Bertram Planning Area does support the construction of a new school in this area. Economic Development Authority Minutes — July 8�', 2020 (Workshop Meeting) Page 3 � 4 Davidson commented about uncertainty of land use designation along Elm Street and Washington Street. Schumann noted that staff would send the EDA documents to provide comments. Upcoming meetings with the TAC, CAC, PARCs, Planning Commission, City Council, and Monticello Township will also occur to continue to review the draft chapters of the plan. 4. Adiournment JIM DAVIDSON MOVED TO ADJOURN THE MEETING AT 5:49 P.M OLLIE KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 6-0. Recorder: Jacob Thunander Approved: August 12th, 2020 � � . Attest: Jim Thares, Economic Development Director _ � Economic Development Authority Minutes — July 8�', 2020 (Workshop Meeting) Page 4 � 4 MINUTES REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, July 22nd, 2020 — 7:00 a.m. Academy Room, Monticello Community Center 505 Walnut Street, Monticello, MN 55362 The EDA meeting was held both remotely and in-person. Commissioners Present Staff Present: Steve Johnson, Bill Tapper, Jon Morphew, Tracy Hinz, 011ie Koropchak-White, Lloyd Hilgart, and Jim Davidson Jim Thares, Angela Schumann, and Matt Leonard 1. Call to Order Steve Johnson called the Regular Meeting of the EDA to order at 7:00 a.m. 2. Roll Call 3. Consideration of additional a�enda items None. 4. Consent A�enda None. 5. Consideration of Approving Small Business Emergencv Grant Agreements in the amount of $5,000 to: Salon Tuscan LLC; Monti Nutrition; Palmetto Fitness LLC (DBA: Fitness Evolution); and Sweet Dreams LLC to mitigate COVID-19 economic impacts Jim Thares explained that four additional applications for the Small Business Emergency Grant have been received. Thares mentioned that Palmetto Fitness (DBA: Fitness Evolution) has the most employees (31) of the submittals, but fits within the EDA guidelines. He also noted that Monti Nutrition has not been in business for more than a year, but was still eligible and impacted by COVID. Thares added that several of these businesses have received other forms of assistance, such as the State's Emergency Loan Program as well as EIDL and/or PPP. Thares explained that all of the businesses were eligible for the EDA's grant and recommended approval. JIM DAVIDSON MOVED TO APPROVE SMALL BUSINESS EMERGENCY GRANT AGREEMENTS BETWEEN THE EDA AND: SALON TUSCAN, LLC; MONTI NUTRITION; AND PALMETTO FITNESS LLC (DBA: FITNESS EVOLUTION); AND SWEET DREAMS LLC 1N THE AMOLJNT OF $5,000 TO MITIGATE COVID-19 ECONOMIC 1MPACTS. OLLIE KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 7-0. Economic Development Authority Minutes — July 22"d, 2020 Page 1 � 6 6. Consideration of EDA Resolution #2020-08 authorizin� Interfund Loan for Advance of Certain Costs in Connection With Small Business Emer�encv Grant Assistance Pro�ram wherein the GMEF account is reimbursed bv CARES Act pandemic fundin� for previouslv approved �rants provided to assist businesses ne�ativelv impacted bv the COVID-19 pandemic Jim Thares explained that by adopting the Interfund Loan Resolution, the EDA has the opportunity to be refunded the previously approved grant awards through the GMEF set aside Small Business Emergency Grant Assistance Program through the Federal CARES Act to the e�tent that the specific expenditures for which the businesses are using the funds for are eligible. Thares noted that it was critical that the EDA consider a resolution authorizing an Interfund loan for advance of the costs of the grant program within 60 days of establishment of the EDA's grant program, which was implemented on May 27, 2020. Thares mentioned the importance to reimburse the GMEF loan program as a variety of prospects are still interested in developing in Monticello and using the program as a resource. Thares added that a subsequent companion action by the City Council was also necessary, as the CARES Act funding must go through the City of Monticello and then be assigned to the Monticello EDA. Jim Davidson asked if the number of available grants in the Small Business Emergency Grant Assistance Program could be increased. Thares confirmed and noted that all money would need to be spent by November 15, 2020. Thares added that the City would receive a little over a million dollars in CARES Act funding and that the City had some expenditures that they would utilize the money for, but any unused funds would be sent to the County and then the State. Thares noted that the EDA can also decide to increase the size of the grants at a future meeting if they so choose. Lloyd Hilgart mentioned the importance of holding a discussion with the City's Finance Department to ensure that the EDA doesn't overspend if the City has intended uses of the CARES funding. Angela Schumann explained that during the August EDA meetings, the Small Business Emergency Grant Assistance Program would bring forward updated guidelines and an application. She noted that businesses cannot "double-dip" and use funding for expenses from one agency and apply for funding from another agency and use the same expenses. The revised guidelines would note this as the City is the responsible grant administrator and will be audited later on. BILL TAPPER MOVED TO ADOPT EDA RESOLUTION #2020-08 AUTHORIZING AN 1NTERFUND LOAN FOR ADVANCE OF CERTAIN COSTS 1N CONNECTION WITH SMALL BUSINESS EMERGENCY GRANT ASSISTANCE PROGRAM WHEREIN THE GMEF ACCOUNT IS REIMBURSED BY CARES ACT PANDEMIC FUNDING FOR PREVIOUSLY APPROVED GRANTS PROVIDED TO ASSIST BUSINESSES Economic Development Authority Minutes — July 22"d, 2020 Page 2 � 6 NEGATIVELY 1MPACTED BY THE COVID-19 PANDEMIC RESPONSE EFFORTS. TRACY H1NZ SECONDED THE MOTION. MOTION CARRIED, 7-0. 7. Consideration of GMEF Pre-Application from Vikram A��arwal for development of a proposed Davcare Facilitv Jim Thares explained that Project Panda #3 was a childcare provider (Goddard Child Care School) that has been talking with City Staff for several months. Thares noted that several childcare providers have approached the City previously, but have been unable to move forward with their concepts for a variety of reasons. Thares explained that Mr. Aggarwal has developed a couple of similar childcare facilities in Albertville and Maple Grove. Thares explained that the pre-application for GMEF assistance was in the amount of $400,000 for the proposed $4 million dollar project. He stated that approximately $1,030,000 was remaining in the GMEF program. Thares discussed the proposed project and impacts in detail. He noted that the facility would be located on a tax forfeited property on School Boulevard near RiverCity E�treme and Emagine Theatres. The total parcel is 4.58 acres, with the development proposed to utilize approximately 2 acres. The remaining acreage could be utilized for future development. Staff recommended support of the pre-application and noted a survey completed in 2018 by First Children's Finance of Minnesota indicating the need for additional childcare options in Monticello. Lloyd Hilgart noted the need for this type of facility in the community as this type of business is not already in Monticello. Hilgart stated his support for the proposal despite the projected low wage levels of staf£ Hilgart also asked what else was in line for funding through the GMEF program and how to prioritize projects that are ready to go. Thares explained that Project Gia-Saurus and Project #6580 have noted interest in the program. Project #6580 is on hold until ne�t spring due to the current economic impacts from the pandemic. Thares estimated that they would request around $250,000 to $300,000, but have a focus on creating good paying jobs and considerably more tax base. Tracy Hinz noted financial support for the project and the need for both childcare services and childcare workers. She expressed caution to put this project ahead of other projects that focus more on job development. Jim Davidson noted support of the project and for support of the larger projects, too. Thares also noted the City's Small Cities Development Program (SCDP) Loan Fund has approximately $800,000 available for businesses to seek equipment related expenses. Project Gia-Saurus would have the opportunity to utilize this fund along with GMEF. Hinz asked if the EDA can approve a lesser amount than requested on a GMEF application. Thares confirmed. Economic Development Authority Minutes — July 22"d, 2020 Page 3 � 6 011ie Koropchak-White suggested staff check with the County on their loan programs to support the childcare proposal. Angela Schumann noted that the parcel is tax forfeited and the County asked if the City was interested in the parcel. The City declined at that time due to its commercial zoning designation. The City did ask the County to put a six month hold on the parcel for the prospect to work through due diligence and site plan development. It was believed that the prospect was also going through the process for certification by franchise. It was noted that the project would help to keep childcare in Monticello especially for people that work in the community. Thares indicated that he would inform the prospect of the EDA's preliminary support of a GMEF application and would urge him to continue in the formal loan process. Steve Johnson asked for clarification on the funding for the project. Thares noted that the prospect could utilize the SBA 5041oan program and that any support received through the EDA's GMEF loan program could be considered equity towards the required 10 percent down. The GMEF funds would be subordinate to any bank or SBA loans received. Johnson mentioned the importance of being a franchise as the sustainability of the business in Monticello would be long-term. 8. Consideration of Discussion of Revised Beard Group, Inc. Block 52 Redevelopment Concept Proposal Illustration Jim Thares introduced the discussion item for a revised concept of Block 52 that was submitted by the Beard Group. Thares mentioned that the concept was revised to be more realistic following meetings with property owners in the block It was noted that the properties in the southwest corner of Block 52 would likely not participate in the proposed redevelopment plans. A lengthy discussion with the EDA occurred about their impressions and suggested revisions from the proposed concept. Lloyd Hilgart noted he would like to see more commercial spaces designated in the plan, especially along Broadway and Highway 25. He also suggested shortening the planned concept building facing River Street to have room for a restaurant or brewery (for example). The developer could then lengthen the building on the Broadway side of the concept for additional residential. Tracy Hinz noted the importance of the existing buildings blending in with the redevelopment. Bill Tapper noting the importance of ensuring there were realistic levels of parking given the water table. Angela Schumann responded that tests were completed of the area and the Economic Development Authority Minutes — July 22"d, 2020 Page 4 � 6 parking could be completed, but may be costly. Jim Davidson asked about the Small Area Study's plan to have Walnut Street connect to River Street and was concerned with having two access areas ne�t to each other. Steve Johnson mentioned street improvements that could impact the development area, including an additional right turn lane on south bound Highway 25 to Broadway and the possibility of an additional lane on Broadway West. Matt Leonard said the City and developer would need to understand MnDOT and the County's plans for these roadways and the projected future traffic generation on both roadways. It was noted that the current proposed concept redevelopment does not accommodate future roadway improvements. Angela Schumann said when the redevelopment begins, platting will be required and notice will be sent to MnDOT and Wright County for comment. Schumann noted that the Beard Group would be informed for the need for additional space at the corner of Highway 25 and Broadway. Space would also needed for a sidewalk along Highway 25. Potential right of way impacts were noted as a future discussion factor as well. Davidson noted on the concept that he was less concerned about having an office space along Broadway and more about having retail along on the river. Discussion about parking and access then occurred in length. It was noted that all of the residential units shown on the concept would be able to park underground. The parking shown on the surface could accommodate some public parking. A ne�t step would be to see proposed building elevations to better understand the proposal. Leonard proposed that the developer design the Walnut Street e�tension to River Street to show how it would tie into the development. Combining the roadway e�tension and the access to the development was also discussed. Hinz asked if any financial information on the project was provided. Thares indicated that would be part of the ne�t steps for the developer to prepare. Steve Johnson asked about the need for opening Walnut Street to River Street. Schumann responded that the developer would want it for more access to amenities such as the park. More discussion would be needed with the developer to understand how the street entrance could be combined with the parking lot entrance. Leonard indicated that some on-street parking on Broadway would be lost because of the development and possible future improvements to the City and County roadways. Schumann noted the importance of having some on street parking. Discussion occurred about having a large sidewalk or patio face in front of the commercial places. It was noted that if the building was shifted to e�tend further along the south side to the west, the office space would shrink and allow additional parking behind the building. The office Economic Development Authority Minutes — July 22"d, 2020 Page 5 � 6 space was likely included in the concept design stemming from conversations from property owners in the downtown and trying to accommodate their needs. Thares mentioned that the City Administrator requested that the developer try to incorporate public art into the project. Davidson requested that the developer be creative with the development rather than having the City design that aspect of it. There was a worry about losing too much space with any changes brought forward to the developer. Bill Tapper entertained the idea of shifting the building to the west and recommended removing the office space in favor of a wider entrance to the parking. He suggested making the space inviting for people to sit or walk through that area and to ensure the parking area didn't feel too concealed. It was noted that the County may require a shift to the access. In summary, the ne�t steps were to follow up with the Beard Group regarding the comments of the EDA. Staff would also continue to work on property acquisition. 9. Economic Development Director's Report Jim Thares provided the Economic Development Director's Report. He noted that the fire training burn would occur on September 12, 2020. During the August meeting, the EDA would consider approving payment of the $2,500 fire training fee. A portion of that cost is expected to be paid back through State funds. Thares also mentioned work continues on Project Gia-Saurus. Jim Davidson stated concerns about the amount of local assistance and the return on investment. It was indicated that a preliminary TIF run was completed by Northland Securities. City Staff will continue to meet to discuss the project and prepare information to review with the City Council and EDA. 10. Adiourn BILL TAPPER MOVED TO ADJOURN THE MEETING AT 8:18 AM. LLOYD HTT,GART SECONDED THE MOTION. MOTION CARRIED, 7-0. Recorder: Jacob Thunander Approved: August 12th, 2020 Attest: Jim Thares, Economic Development Director Economic Development Authority Minutes — July 22"d, 2020 Page 6 � 6 EDA Agenda: 08/12/20 4d. Consideration of Approving 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 July, 2020. 2. Motion to approve payment of bills through July, 2020 with changes as directed by the EDA. C. STAFF RECOMMENDATION: Staff recommends approval of Alternative #1. D. SUPPORTING DATA: A. Accounts Payable Summary Statements � �' z ' o 4 � � C '3 O � � � � � � � � k:� � � O z � :J v � � � � y �+ f :6 f 4. : n� I � � O O O � O O O O O � � � � O O O O � O O V'1 V'1 O l� l� O O O O � O O � N l� v'� v'� N N v'� O O � 'V � � 00 .-. 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C: H x x � x � � °z ° W °z W 5 O O � � G �:J � ri, N O `J� � M � � l� � M N O 'J� � M � C71 � �r ri, N O O �� Cl � 'J�1 � � ri, N O `J� � M � N l� � M N O O �„ M � N � � ri, N � S � � � N N n � ri, N O I O O I O O I O O I O O I O M I M O I O O N O N O N ..'7 N O N N N N n n n n N N N N N N N N O O O O O O O O N N N N N N N N N � N � N � N � N � N � N � N � vNi � n � � � vNi � � � � � v`�i � � � � � � � � � rt � � � � � rt � � � � � rt � .. .. .. .. .. .. .. o � o Q o � o � o � o � o � o � � y � � y � C] C] Ca C] Ca Ca C] � � �� � � �� � N cC cC N y cC � cC y M cC � O O ,� 'J O ,� O 'J � O � � � � � � � � � � � '�-. C/] U '�r ✓] C/] '�r (!1 ✓] '�-. C/] l. � • l. � i. • � l. � O y O O � O O y O O y � � � � � � � � � � � � � Q � O � � � O � Q � �7 � Q � O � J � U � J � J y y -yl y � Q � Q W Q � Q � � � � � � � � r�^ r�'' r�y r�^ r�'' r�y r�^ r�'' :6 � :C :6 � :C :6 � � fi' �' � fi' �' � fi' Q� � � Q� � � Q� � � � � � � � � � O O O O O O O O N N N N N N N N :J U U :J z z z z � ;� � � w w w w a � � z � � a � w � w � w � w � v� W ;n W v� W v� W O � C� v�, Ca v'�, O � x � x 0. x � x � O � O � O � O � z w z w z w z w O O �n � � � � � cn N O `J� � M � � � � � m N O O �„ � 'J1 � � � cn N O `J� � [+l � O � � � m N O O �, ; � O � � � c+� N O :11 � M � � � � � cn N � a� �, c� 0 N 0 N m O r O L". � 'J J J � r p i. � J � � :G H � 0 z 0 a � L" � O � � 0 "� G i> O O O O O N N 0 0 0 0 0 � � vi vi vi vi vi � � M O O c+l c+] O� O� ^ � � `J� `J� N ..'� � N N �., N o O � N N � N � N �` %� �' � �' � �' w � � � � F 7 r 7 � 7 ;� :,. � R � a, O � Q Q Q U] x ,� � ,� :C �.j cC y O � O O 7 ��" � 7 �17 F-. C/] !I] l. i. .'3 � Ti � .'7 L'. � � � L'. � y � � � � J '.7+ 6J /� -I� F-I w w F- F� � :� � a � �Q� � � O O N N :J z � w F" U cC � � � U � � � C] � z �, a � a � x a F CC � W O :11 � c, � a � � cn N O O �„ � a m, � � m N � CL �, N O N O N m O r O L". � 'J J J � r p i. � J � � F-� � Vvucher Payment — Fund Disbursement Request 7-7-20 The EDA recently appro�e� a grant to Jill Agosto's for a Fa�ade Impro�ement Project, through the Farade Impro�ement Grant Prograrn, at her commercial bu�fding located at 142 West Broadway. �` The grant amvun# is: $50,000. �,�..�, ���d� ✓ ED►A Genera! Fund Budget Code: �13-4�3Q�-4fi�-�04• ✓ Payee is: Ri�erwvad Bank, Monticello, MN The Funds will be de[i�ered ta Ri�erwood Bank which has entered into an Escrow Agreement with th� EDA to rr�anage the disbursemen�s of the Fa�ade Grants and toll�ect lien waivers from the cantractors in�olved in prvject. Attached supporting dotumentatio�n includes: A. Minutes from 6-24-20 EDA IlJleeting (see gre�en high�ights] B. EpA Resolution #2020-06 appro�ing the fa�ade impro�ement grant t+o Jiil Agosto Law Building in the amount of $5Q,000. C. Ri�erwood Bank Escraw Account Agreement Paperwork compieted in September 20i9. Bank agrees the document is still �alid and is asking rne to update the dri�ers license. -�. G`�' � �� � �X ��-�� �� �—�- ; J'��.�-� or- 7 y��' � � �� MIItiTUTES REGULAR MEETING - ECONOl1'IIC DEVELUPMENT AUTHQRITY (EDA} WednesdaS�, June 24t�, 2020 — 7:00 a.m. Sridge Room, Monticeilo Ca�nme�nity CeHter 5�5 'Walnut S�reet, Monticella, MN 55362 The EDA meeting was held both remately and in-person. Commissioners Present: Staff Present: Steve Johnson, Bill Tapper, Jon Morphew, Tracy Hinz, 011ie Koropchak-White, Lloyd Hilgart, and Jirn Davidsan Jim Thares and Angela Schurr�ann Call to Order - Steve Johnson cal�ed the regular meeting of ihe EDA to arder at 7:00 a.m. 2. Roll Call 3 :'� Consideration af additional a�enda items None. �_ Cvnsent A�end� NfA. .� �:� -�3 `..- -�- , �.� PUBLIC HEARING - Consitierat�an of ResoEutian #2020-OS Appro�=in� a Dawntown Facade Impro�tement ��ant to 3ill Agosta, a�r�ner of prapertv located at 1�#2, West Braad�v�tv �ulonticello �!'�N .� ���� �.�� Jin� Thar�s explained that the item was a public hearii�g for an application to the Downtown Fa�ade Impravement Progra�n has been received by Ji�l Agosto. She owns a ane-story, commercialfmulti-tenant buiiding �ocated afi 142 West Broadway. Thares noted that the app�ication included two quotes: pne from the Chuba Company (Elk River) and a second quote from Scott Builders (Buffalo). Quotes were prepared per the Cunir�gham Group (the EDA's architect} rendering. Thares noted that Agosto was asking for additional grant dollar consideration for east elevation stucco repair and/or replacexnent. Thares explained that the total amount of the fa�ade work pe� Chuba, which was the low quote, was $29,217, ] 5. It was also noted that the total proposed building is renavation cost, including the east elevation, is $105,626.95. Thares offered the public to rr�ake any comrrients during the public hearing. Jill Agosto, the applicant, explained her request for the fu11 $50,000 gran� to complete work for the fa�ade and east elevation. She explained the �ast e�evation was visib�e along Country Road 75/Broadway. She also added that she has recently put close to �50,000 into the building for a new roof and repairing the rear of the buiidi»g due to a car accidentally running into the back (south) side of her bui�ding. She noted that she would Zike the bui�ding to have the sa�e appearance throughout and would be a gaod example of what can happen in the downtown Economic Develop�nent Authonty Minutes - June 24�', 2020 Page I � 6 area. She explained that she has owned the praperty for some time and her husband I�ad his own business in the buitding in the past. Jir�n Davidson asked if tk�e lot to the east was a vacant lot. Agosta canfirmed. Bill Tapper asked what the applicant was eligible For funding for the fa�ade. Hilg�rt ex�lained that she ia eligible fmr $50,000, but the quote did r�at require $50,000, Tl�e additional funds, zf granted, would aliow the applicant to contin�e renovations to �he side eleva�ion. 011ie Koropchak-Whi�e asked if the additiona� request fit the EDA's current policy or if it would need to be amended. Angeia Sch�mann stated the g�.iidelines were written that interiar side renovations may be made on a case-by-case bas�s. The EDA was generally supportive of Agasto's application and believed it �o be a catalyst far future improvements on the black. Thares confirmed the applicant would be spending $55,000 +/- of her awn money to cornplete the praject, if awarded the full $SO,OQO grant through the EDA. Schumann added that if the EDA approved the gra�t, ane additionai meeting with the Cuningharn Group and Chuba Company woulci accur to go over final details an the design to ensure the wor�C is consistent with the EDA's goals. Hearing no further cornments, the public hear�ng was closed. LLQYD HILGART iI�I�V�D T4 ADOPT R.ESC)LUT14N #2020-06 AFPRC�VING FA�"AI3E IMPRQVEM���T +GRAh�T AGltEEM�NT IN THE AMQUNT OF $50.400 WITH TH� AGOST� LAW BUILD[NG, C'C}NT[NGEN`T OI*J TH� FOLLQWING: l. GOMPLIANCE WITH A�.L GRANT GUIDELINE REQUIREMENTS 2. EXECUTION OF A GRANT AGREEMENT INCLUDING �'1NAL PROJECT RENDERING AND CONTRACT�R CONTRACT MEETING ALL PROGRAM REQUIR�MENTS TRAC�i' HINZ SECONDED THE M4TION. MQTION GARRIED, 7-0. Schu�nann added that interest in the community regarding the Downtown Fa�ade Improvement prograrn is still being received. She also noted that Cornerstone Cafe has indicated that they are still interested in the re-applying to the pragram and will make an application when it works for them. 6. Co�sideration of Resolutian #2020-0? endorsin ro osed Du Develo ment 53-unit Law Income Housin� Tax Gredit {LIHTCI a.partment develan�nent concent and gotential for TIF assistance as it seeks financin� throu�h Minnesota Housin� Finance A�encv (MHFA) � � Jim Thares introduc�d the item and explained the EDA recently he�d a pre- application/con�ept meeting to review a possible Tax Increm�ent Financing (TIF} disfric� for Duffy Development. Thares reminded �he EDA of Jeff Von Fe1dt's presentation of a Economic Develapment Authanty Minutes - June 24�', 2020 Page 2� 6 • �; Eil!A RES(JLU''�"Ii�N NQ.202�-U6 :�a RESQLUTION APFROV[l�[� A GRA�iT AGREENiE.N"T BETV�i'EEN TI�E CITY OF 1V�4NTICELLO EG4N�MIC DE��ELOP]'4'IEl�Ti' AUTHORITY ANli AG�STO LA�' OFFICE BE IT RESOLVED BY the Board of Commissioners ("Board") of the City of Monticello Ecanomic Development Authority {t�e "Authority") as fallows: �ection l. Recitals. 1.01. The Authority is a grantor as defined in Miru�esota Statutes, Sections 116J.993 to ] 161995, as amer►ded (the "Business Subsidy Act"), and is authorized to grant financial assi$tance for private development, including grants, 1.02. The Authority and Agosto Law affice (the "Grantee"} desire to enter into a grarit agreernent {the "Grant Agreement"} for a Downtown Fa�ade Improvernent Grant {the "Grant'') to be u�ed to pay a portion of tl�e eosts of certa�n farade unprovements, including transom wir�dows, s�gnage, and entry doar (the "Irnpravernent Costs") on certain real property loca�ed at 142 W. Broadway Street in the City of Monticello (the "Property"}, in canformity to the Grant g,uid�lines. 1.D3. Pursuant ko the Grant Agreement, the Authority will grarit to the Grantee tlie surr3 af $J(?4U C:�th� "Grant") to reimburse a partian of the Improvemerit Costs. _� l.04. The Authority has held a public hearing on the date hereof concerning the Gr�.nt, and hereby finds that the purpose ofthe Grant is not the creation or retention of jabs. Therefore, notwithstanding the reyuirements of Sectaon ] 16J.994, Subd. 2 of the Be�siness Subsidy Act, the Autharity determines tl7at the term�s of the Grant rnay �leviate from the Authority's written husiness subsidy criter�a, and hereby sets the job and wage gaals of the Gr�nt at zero. Section 2. Grant A eement A roved. 2.01. The Authority hereby approves the Grant Agreement in substantially the form presented tp the Boarci. The Authority �ttrther authorizes execution of the Grant Agreement and all docutnents prepared in connectian therewith, subject to madifications that do not alter the substa�ce af the transaction and that are appraved by the President and Executiv� Direetor, provided that execution of the Grant Agreement by such officials shall be coM��usiv� evidencc af approval. 585526v] Mt�325-44 Approved this 24th day of June, 20�0, by the Board of Cvmmissicrners of �e City of Monticello Econamic Devetopment AuthoriTy. � , .�` Presider� ATTEST: 585528v I!v[N325-40 . ��'�.-B�I�K -�- e��.,.�s�,.s, Port # B[JS��S / E1�iTITY �USTU�IER INFURMATI4N FORM [tEQU1RE�l UOCUM�I�iTS 3'O ACCt�MPAl�1Y THIS F(?RM: Cenlificate of Assum�d Name (resryimd ior use of DBA) (B�nefscial Owu�ship e�ampt} ilnincarporatai Association (i.e, scout tnoops, youth �rm [eag�es, bencfit acco�a�s) {Boncficial Ownership excmpt) C}�aritieslOrganizations (501 c registw�ed) (i.e, schools, churches, ho�ne owners sssoc., Unitec� Way) (Control�ing Persoa an.lY) � F�s#ity Documentati�n - Articles of incflrporation. Articles of Association, Par#netsbip Agrcement, Artieles of Organization (LI,C) (Fulf Beneficiel Ownerslup vc 'nfi�c.abo'n required ��� � ���'�-'� �• ��Q , B�teiness / Eatity Narne: ' {� M.+�.. `. i� p o � Ty� of��ry: c_.�� �.,� . � � �tao�r��w►� � �ev�.� af Business: L� o N a M..+ c � ��� �U r� Physf[� Skt�eet Arldress: �� G r„ ....� '�-; ��,,�� i Mailing Address (if different than �bove): City: y t�. �'i3 5tate: +��JV �i�: ��'�o L_. EiN #: '�J - ���l�� flr . - NAICS: Business Phone: �% � ��1 � - 2 �i SeconciaryPhone: 7�� - ��� -�100 Haw long owaer currently own bus" �ss��ye�ars 1 I Fax: Email : ` c► G � . n... , c�i �. a'lrrr� . �S or _ y rclated ie Typec oi�j� lesily �ade? (Select t�ose t�et apP�Y) CHECKS % EL�CT'ROIIIC (ACH) % CASH %, Weekly Ave[age Dep Amew►t: Wire Transfere Act�vity; Wire irs�s,sfer �: frequency per moWh Monttily Avg Amouns: Wire transfer ovt: &equeacy pr,r mon�: Mont�ly Avg Asnount: ATM Machtae o� premisec: Yes No Number of rnaahin�s operated by Mssiness: I�f Y�� F1C8SE COI]l3Ci OjlClHUORS WT H�dlllOh$I �4Ci]R1q7?8:10l1 iEi�Ull�� Mvney Servlce Businecs: FinCen i43 requimd (cas� per day per c�stomer >� i,(lOD) �vw.fix�.¢ovlFnaneial innit�urnns�m�6��s� . A�t� €ectnr htm�) -iy Gh�eck Cashitig: YesT No Money �Orders or Travelcrs Ch��c Scavices: Yes� No . i�J jat Travel Cards: Yes No Currency ikalinglExchange: Yes No � E Mc�ney Transmitter Uwncr/Operate (ir�cluding vimsa2 currency -euy amountj: Yes Na f eny r�f the ab�ve MSB questians ere yes, copt�ct aperstians for addi�ional documentarion requirad.} TLe infurmakivn i have provided 1� carr�ect to the best at my kuowledge. I hereby certify by signstnre below thet tf�ifs basiar,ss eattty dots nnt eurrea�ly, sad wiil no# at some tutnre date, �#t�empt ta proee�c u�wful Enternet gambling #n�saction� through REverWood Bauk, I authorize R��erWood 8enk to v�rity ELis infvr��tion thraugh a depersf# account veiriit�eation eerv�ice, ta obtain s cr�e�rt, �adlor employrtient history an�p�'neipal owner(s} tigain� be[oyv s�►ould [t b� deemed necessuy. _ BANK U E LY: : t EII[ity: SOS.SI�t�,tiu�.u5: xnww.ftncen,g4�'� ��oP�/�ImsbstsEes�lxtor html: Y_N� Entity Q1iH�i�l �/ 2 0 1`� CIP oa Prmci�al Owner{s): � Owner Q►ialiFiie: (Pet#'orm cree�it report only if hig� risk. Authorsz.�tia�a Requir�d) ��P�pY�� Date: Br Mgr Review: Rickf�hhtrl►g {;+,iV�,�"11 4.2fl18 MEMBE#i FD�C - �QUAI. HOUSING I.ENUER ersrrzo�e 2018 Minnesota Sta#utes ac9.avo ���rNrr�orvs. 5ec_ �69.Oeu MN S�etules Office of the Re�isor of Statutes AuthentEcate t PDF Subdid�ision !. Gener�lly, in sections 464�041J t� 4b9.108, the lenns de�ned in ihis sectian have the nieanings g�ven then� herein, uniess the context indicates a diflerent meanin�. Suhd. 2. Authority. "Authority"' means an ec�nomic development authori��. Sabd. 3. City. "City" means a home rule charier ar statulory city. Subd. 4, pevelo�ment. "De��elopmenY' includes redevetopment, and "developing" includes redeveloping. � Suhd. 5. Cost of redevelopment. "Cost of redeveiopment" means, wiiE� respect to an econornic develo�ment district �roject, the cost of: (1 } acquiring prnperty. +�vhetfier by puechase, lease, condemna�ion, or nthen��ise; (2} demolishing ar rem�ving structures nr nther improvements on acquired properiies: {3) �orrecting soil defic[encies necessarv to devei�p ar ase ihe property Fnr an apprnpriaEe use as determined b}• the authnriay; (41 construciing or installing public imprm�eEnents, in�luding streets, roads, �nd utilities: (5) �rm�iding relocation benefits tn thc occupants of ac�uired pmperties; (G} piannin�, engineering, legal, and other services necessary ta carry� �ut the functions f isted in clauses ( I) ta (S}; and (7} the allncated admirristrative expenses of ihe author9ty for tlae prnject. History: l4_ ki r. � 1 s 9} �4Ryi�g�� 2018 by the Revisor of 5tafutes, State of Minnesata. Ali eights reserved. mlpc�llwww.revaot.mn.govlstatWea+citel469.090 11� �R6ltfESs ��ffi�Q: '�/ 1 � , � �) : . I �,'' �' `�i ' ��. � ��; ��' fil `. I �� � i1: � � I'.. �. .} : I �..� ," ��' � �'o help the governmr�l fight �di�g of terrorism aed rnoney launderiag a�tivipias, Federal �aw obtsm, 'verifY, aad record inform,atian that idratifies caacl� person or en � � ail financial instit�rtions to as to iden ' �tY �s an accotmt Wc will ask for informatioa that will al�ow �Y Y�u as aa owner ar authoriud si�ner for the business ppettinB a d�po�it a� Wa w�l rc�ord ide�ti�cetio� end decument info�m�adc�n for owaera endlar sut�orizcd si�s. We will vcrify infortnat�an an avimer{s) bY a d (�uch as Gl�exSysten�s, lnc.). Whm de�tmd � ��B �posit acc�uat veni' sea4on s+ervir.e vernFy eamploymant lust �r, we mey obtsin persanal credit m€armation from a crodit reporting agen�3' andlor ory oa �rinoipa] owner(s}. By si�ning below, Yon agroc to these t�rans end authorize RiverWood Bank to obta,in this informa6rsn. Re�n#red Information Npme af Owaer/�. Phycfr�l Addre�s: Mailizrg ,4d�Er{ess, if Ti�e at current addresfi: f � w'�S Tf less than 1 year prcvious adctre�s: Sociu! Sect�rity Number: i�+ �*U.S. Citi�: ar tResiden s• � t Aloen: C) ar Nonresidcnt Aiiea? ❑ ares �3 ^ � 'Numbea-•�1 V � '"` � � � '� �--r S `� ��� N►�: � tz - Z { `�' - D 3 .� , �mail Adaress: _ � � w�, . , C (, [.�S ✓ - �Morher's Maiden Name: City of Birth: � �iDS'tT: 1.. � C Cffi5 �plOyOd: � � ��iplOyer �[�pIIG �LR}�Gl: �� ~ (�� " 3�'� ` Ow�erlSignr ?�nature � I)ate '� � : 1�QR ��lNK US� OI4i�.Y • w-9 � w.��xN- terwsrs ��, . . aopy te ga�R�er tls.szsita2 �P�4t6 Prl1o�1'y IdlAfiikiti6p, �[)e�e�tp�l'id"t . Pfiato a Dnvers lioenn a t+lY'tilary ID o S�aze lD o Tn'bai ID o Passpexl n Yisa o Alisn [p m 7y�e= o Othtr. issucQ 8y: NumbcNel�: faue I?ate: E�`satioa I�. &ewa�ery IflendlictiSoe � Fer Asdde�t! A1Fra, Nou'a�side�l Afieo ar IndiviQa�e1 e�agcd iu HIe4-itfsk Bus€eeq two form of iA err r�qeEred. Photo o Arivcrs Lice�se a Milituy ED ❑ 5ts�c JD n Tribal ID a� isae C1� Matrix and Riaic Rtti�g Msci: tor acceptnble !bs) m'�� e Gm«�uneat tD o t�rlc�ciuo Coasuler Ib a St�� Sahool Ib a Panei DIIYCf �E OLtClaSC R Aiidl ID �Visu�1 Iii Requi�edj G Of11Ct: faauaa By: Nueabv/Yap�e, Iuue riate: Fxpintion [}atc: Addltia�nxl Verlfic�tinn Rerdutsled: o Ol7AC Yeri�eatk�s Erom QualiFilc, [�adit Bureaq Psdnitr OFAC Rspo�ting Madul� w FinCEM Website a QnaCrF'iie gdrformed o L�edrt BurCau Fte�art Pu11ed a Attaz� Copies of Pd�piSat�a� �mta, itavaifs5k BaaloQ Com�tpm; • � . , " - - , . - ��i,.it'rcg,uir�: , . _ . . C�_s_`__' ' . � � • . , �,� � ` Ilil' �� 1r: �I� K a�a�..a�,rsa� BUSINES� ! E1�T'I`Y'�� CUSTOMER �NFpR�,MATIpI� FOR.R� �wner / Coatro�iag Per�on / Si�er Inform�tion Use t}�is page ta docua�ent busiAess owners/cas#rol,ting person/authori�d sig�er and desig�nete powers granqed below. (add adcLitionat pages as oer.decij Cvm��ny N�me: Ci�eek �lE thae app�y: ❑ &adrdal Owoer ree•eentxge o�pwaers�p C� Contnalfl�g Petson �� Artirorlxed Sigaer d. �ix ��� � � ., r�c u.,� Physical eddr�,55: � Cbeck atI E6at appty: B�ae8d�1 Owoer f7ontroliiag Person� Aut�mHud S[gner B. Nunt [TC Percesntage oiQwner�,p it . cz � Dote ofBir �.� �' o Copy M A QFIQwner �ely .1 s�6�74 ❑ ❑ 7it}c Snc Sac 'AIa Date of �irth Copy otDL QF/Dwna only Pdysaeai a�dress: Cbeci� eU tl�et spply: �] BeoetldalOR•ner PeremtsgeofOwuership � i Cantr+nilEug Perwn Li Aathorired Sigdsr i. ❑ ❑ N� iitic 5oc Ssc No I�tC 4F Sffi�i Copy af QL QFJOwna ortly add�s: cca au �u�i mpp�y: BeneAdrl (3wner Percentage of (hvnerchkp �nt,�utAs e�,�n` Authorlud Slgurr D. �� Physical add.ress: ❑ o Titie Soc Sec No Uete oT Sirth Copy of �L QF/Qwner only POWERS GItANTED: Attached oae or mote Agents to each power by glacwg tbe letter cotresponciing to their aame in the area before cach power. indicatel,, B, C, uod�ar D 4.203 8 Dwcripoio� ( I) Euc7cise all of thc powers listed im this eesoluticsa. (Z) 4pen �ny depasit � share accounz{s) in t�+e name of the abovr iis�ed company. (3) En��se checks and mdem fo� thc pmymee�t af money ar otherwsse v��ithdraw or t�anafa funds on deposit with this Financial lr�sutution. �4) Borrow money on brhaff and in !he name of thc abovt �mod e4mptny. sign, pcecn�e �d del�ver promissory nairs ar ol3jer evidences of indebt�dtttess, {i) imdorse, assign, �msfcr, morcgage w pledgc bilLc receivahSc. ware3�ouse se�cipts. bilis of leding, slocks, banda, real atnu or otha ProP�Y now own�ed or haeaflrr owned or ect�u'ved by the ebove ne�ed comp�y as security ior siuna 6orrowed, and to discount tLe samc, +enevndiuonalty gueranta paymem of a11 bilk reoeivod, negoqated ardsscounted and to waivc dar�and, �nesrntment, pra:esc, no�iee of proiest and dptice of son-pay�neet. (6) Enter into a writta� ]ea�e fnr the purposc otrentit►g, rnaintaining, access�ng end tersninaung a 5afe �rosil Bn�c isr this Financial Instiunion, ('�) �'� � C�TY OF , � '� � � �� �� � June 8, 2016 Moncicelln Eco�omic Development Authprity Members RE: Appointment of 1irt4 Thares as Executive Diredar of �ccnamic pevafopment Authority I hergby reCommencf that the EDA appoint Jim Thares, in his EConamit Develflpment Manager positio�, as the Exetutive Dire�tor af the EDA effecteve immedi�tely pending consideratian and approval af a Sylaw change aAowing a� appointrnent by the City Adminisiratar to be completed. Sincerely, G��'7��' C��� i ,�' Jeff 0'Neill City Admini5trator CiTY OF MUNTICEi�LU WRIGHT C`OUNTY, MIN�'�T1�SUTA RESOLT,7'I'ION NO. 2013-010 �MENDED AN� RESTATED RE�LUTIUIrT ENASLING THE CREATION €)F THE CiTY OF MON3TCELLO FaCONUMIC ��VELOPME1rTT AUTI'iORETY BE IT RFSOLVED by t�e City Cauncil af the City of Mar�ticello, M'unnesota ("Cit�� as %Ilows: �ion 1. Backaound and FindinEs 1.01. Tfie C',ity is authorized by Miiwesota Statvtes, 3ectians 469.090 to 4�9.IU81 (the "EUA Ac� ta esteblish sn economic developmecnt �uthoxity tt� coozai�ate snd administet scc�nomic development and redevelopmenf plans and pro�ams for the City, 1.02. Sy Ordinance No. 192, a��roved April 10, 1989 a�nd cociified ici the City Cade as Titie I1, Chapt�r 3(thc "Er�abling �rdinance'�, the City establ:shed ffia Ciiy of Manticello E�onomic I7�elopment Atsthozity �"EpA"), for tlae puipase of coardinating and �dm�nistering e�oaQc�.nic development a�#ivihies ir� anc� far the City. 1.U3. By resolution� approved on October 22, z�07 and January 14, 2008, t�h� City transfermd to the EDA the contml, authority and operalicsn of all projects admuaistcred by the HoU��ng �d Redevelopmemi Av�hority in and fQr tbe City of Monticello and a�iopti,ed an A�nended and R�estated Enabling Resalutivn (th� "Enabling Resoltrtian"), which supem.eded the Ensbling Clndinance in all respecta. 1.0�, The Ciiy L:ovncil further amended the Enabling l�esotutian af�er $ duly naticed public hearing Qn February 27, 2�i2. 1.05. The City Cauncil �as now d�#ermined t� revise and cIari�'y certain provis�ons of the Enabling Resalution by the ada�tian of thia resoltrtion. I,iKi, 'Iiae City Cauncil kies, iuu accordancje with Minne�o#a Staiutes Section 469.t)93, pmvi�ed public notice and canduete� a publrc heacing on the date hereaf, at whic� all peraona wishing to bc heard we�e given an appoz#�nity tn express their vzews, concerning the proposed modificatians io the F.n,abiit� R,esoiubian. I,Q7. '�is resolution coi�sritufes an amendment iannd restatement of the F�abling R�olutian of Febn�ary 27, 2012, an� supem,edes such Faiabling Resali�ian in all respec�s. Section 2. Pn�abiing Au�oritY. 2A1. The EDA was ea�abl%shed ptu�svax�t to i�e EDA Ad �under #�ie Enahling 4rciinance as �dopted April 10, 1989 and codifieci as Tifie FI, Chapter 3 af t4ie Cifiy Cade, as acnended and restsied by this r�oiutien. 2.0�, The EDA shall be aompased of 7 com�nissianers to be sppointed by the Mayor and confirmed by the City Covncil. 2.03. Two of �e cozxunissianers ahall. be me;nbers af i�.e City Council. The te�rns of vffice a£ the two members of �he City Cauncil sf�all co�nncicie with theu tettns of affce as ms�b�s of the City Catmcil. The remeining five (5) commissianers shaIl be itiitieIly appqinted for tez•ms of ane, two, ttuu�eee, faur, arid five ye�rs respectively. Thereafter, all non-C�unci� comrnissioners s}�a,il b� sppointed for six-year temis, 2.04. A vacancy is created in #h� membership of th� EDA v►�hen e City Council member af tbc boaad Of COR1fT�1SS10I1�I5 ends Council membership, when any cammissianer ends EDA membership privr to exgi�tian of his or he�r term of affice, vn th� c�ay following �e expiration of a com�nissianer°s term of affice, or when � comxnissioner is remaved by th� City Cauncil su�iject to the tearms of Sec�ion 2,07 hereof , A vacancy for Wis or a�y other reason must be filIed for a new term or ihe bale.ace of the unexpired term, ss applicable, in the manuer in which f�e origine� agpoir�tmen# was roa�e. Z.OS, All of #i�$ eoznmissioners who are nQt m�mbers of tbe City Cnuncil must be eithcr s�s�den�s of the City, business-owners in th� City, ar properiy-owners in the City. 2.{16. All commissioners shail aerve at the pleasure of the City Caunci(, subject ta t3�e terms nf Sectian 2.07 he�:af. Vacancies s�all be filled by appou,tment by th� Msyor with the coni'�rmation of the Cify Council, 2.Q7. A commissioner may be remnved by the Crty Council for inefficiency, neglect of duty, or misconduct in of�ce. A commiasioner shall be r�rnoved only af�er a hearing. A r.opy of th,e aharges mt�st �e given to the commzasioner at Ieast 10 days before the hesrin,g. 'I��e cammissioaer must be g�ve�n �n opPortunit3' to be heard in person or by the cnunsel at the hearing. When written , charg�.s have been s�bmitted a�ainst t�ie c.�mmiss�oner, the City Cauncit may tenipora�rily suspend the cam�niss�oner. Ef the City Co�u�cii f� that those charges h�ve not been substant3ated, the � commissioner shall be immec�iately reir�at�d. If S CUTiI[11133101i8I' 1S PGI11qY�, a re�rd of t�e : proc�edings tsygefher with �e charges and fin�dings s�l be file� in the office of the City A�imi.nist�ratar. 2.Q8. T� City Cauncil shall ffiake av$ilable ta the EDA such a�propriaiions as it de�ns fit for salarie�, fee�, and expenses ner.essa.ry en the conduct of its work, The EDA sh�ll iaave auti�ority t�o expend all taudgetsd sums so appropria�ed and recammend the expenditunes of other sums made ayailahle f� its u5e fram granib, gifts, xnd ��er sources far the pwposes and act�vities � authorized by this resolution, Sect�on 3. Officeis and Mcetin�. 3.01. The EDA s�I elect a presider►t, vice president, treasuaer, assi�tant treasursr, and secretary ennu�ly. A ca�nmissioner �nu�t aot serve as president and �ice president at the same time. T�e oti��er o�ice� may be held by the same eom�missianer. '�e olfier offices o�'the secretary m�d assistartt treasur�r �eed noi be�d by a commi�sioner, 3.02. The EDA �h�il adopt rules a�d procedurea nat in�cflnsistent wi� ti�c provisions of t�is �eb�i�g R�esolt�aian c�ar as pro�vided an M'inn�sota Statutes, Section 469.Q95, eind as m�ay �e n�cesear�► for the prnper cxccu�ioa and conduc# of ii� busiz�ess. The EDA shsl� adopt bylavvs end tvles to govern its p�acedw�es a�d �or the tr�ansaction of its business aind shall kaeeg a record oi a#tend�nce et �ts mee�ings andhn rEsoh�fions, �dransacti,ons, fincliings� and d�inations showing the vote of �ach co�missione� on esch questian r�{uiring a vote, or if abse€�t or ab�ning from vating, indicsting $t� fat�. The records af the EDA �1 be $ public re�cord, except for those it�xns classified by �aw as nanpublic daia. 3.03. 1� EDA s�tl mcet at least quarberly. Sp�l me�ings may bc callec� by the presidea�t as tteeded. 3.(?4. A.�I adnsinistrative procedures, including contract for services, p�trahases af supgli�s, and f�ncial transsctic►ns end duties shali be outli� in the bylaws of the EDA. Section 4. � 4.41, The City Admiai�ttar, or a�y other p�r�an dasignated fn weiting by the City Adminisi�r and appmved by e� majoriiy of the EDA carnmisa�oaer$, s�lE be designat�ed ss � Executive Direct�r of the EDA. 4,42. Subject to limits s$t by the appropriatioas or ot�er fu�ds made available, the EDA may employ such sta#�f, technicians, and exper�s as may be deemed proper, aad may sncur such othcr �xpen�ees aa may be aecessary end proper for tE►� canduc.t af its af€�irs. Se�tion 5. Functions, Pawers, and Duties. 5.01. Bxoept �s spacafically limibed by the pmvisiot� of Sedion 6 of this Enabling R,esolution, the EDA s�hall b�ve tbe authority gia.nted it p�uant to the EDA Ae�. 5.02. T�e ED�. sha.�l manage the Gseater Monticcllo Enterprise F1und (the "Fund") the Purpose of wbiah is to encourege ec�onomic develo�ment by making loans t� �riva#e businesaes. The EDA shall meks loans to eligible businesses, aad such loen(s) shall serve a public puxpase as defined in #he Cireater Mon#ce�la Enterprise Fund (}uid�� (Fund Guidelines). The Fund Guidelines arc hereby adopted by reference and included in the bylawa of the EDA. No chet�ges to the fund Guidelines s�ail be macie vvithout appraval of the City Co�ncil, S.Q3. The EDA may be a iimited �artaer in a partnerahip �v€�ose puapose is consistent with thc EDA's pucpc��, 5.04. 'I'� BDA may �ssue general ab�tga�ion bon�s and re�v�nue bonds wheII authoriz�i by t�e Ci��tyy Cauncil and pledge as secur�ty for ths bonds thc full %ith, credii, and resources af the Gity ar such revenues as �ay be generated by projects undertalcen by th� EDA. 5.05. The EDA msy caop�rate with or act as agent for th� federal ar stia#e government or a state public body, ar an ageney �or instrumentalif.y of a gavernment or other public body tu carry oat the pawcrs grantied it by the EDA Act or �.ny otlier rel.a�ecl federal, s�te, or iacai 1aw in the ar�a of ecanamic develop�nent district improvement. 5.46. The EDA may sr�uslly de�elop a�d present an economic de�elopm�nt atra#egy and pr�sent it to the City Co�cil for considexation and app�roval. 5.0'7. �'#ye EDA may join an officaal, indusfria,�, cor�mere�al, ar trade asst�ciatiou or oEher orgenizatioza cancerned wit� such purp4ses, hoId recepi�oa� of +of�'icisls w�a may �contribute ta a+dvancing the City anc� its ecanomic develapment, aad carry aui athsr appropciate public relations activides #o promate #he city and its aconomic deve�opmen�. 5.08. The EDA may perform such other dvties whieh may be la�rfully assig�ed to it by the Ciry, AI! city ernployces styall, upon reques� aad within a reasonable tirne, �'umish thc EDA or its emplayaes or egents such available recoz,ds or inforn�atian as may be required in its wnr�C. The EDA or its employees or agents may, in #he perforazsnce of Qfficial duties, eater u�xm lands and make examinations ar s�uveys in the same menner as c�t�uer autharized �ity agents vr emp�o�c�s snd shall �►ave such other pow�ers as ere requi,red for i:he performance of affcia� func#ions in csnying crut �e purpc�ses of this resolufion, Seation 6. Lirnitations af Power. b.01. The follow�ing limiEs apply to the IDA and its aperfttian: {a) The sale of bonds ar oiher obligations af the EI7A must be app�xoved by the Ciiy Counoii. (b) Tha EDA must fol�ow the budget process for City departrnents in �acc;o�+dance with LL`itty po�icies, orditaences, and resolutions and ihe City chatter. (c} Develapment and redeve�oprne�t aeticsns of the EDA must be in conformity ta t�e City comprehansive glan and offici�l cantrals irnplementir� the comprehensive plan. (d} Ttie Ei3A mns� submit its �lans fox devefapmcnt and redevelapment to the City Coutccil fox approv�l in accorclence �vith CitS' F�ning procedures and la�vs. (e) Except when previously pledged by the EDA, the City Counci� may, bY zesaiution, �uire the EDA ta transfer any portian of the reserves �eneracbe� b� activities of the EDA thsi the City Cauncil deter�nines aare not necessary �r the successful operation of #h� EDA bQ the debt servicc funds of the czty tc, be used soleiy ta reduce tax levies for bonded indeb�tesin�es.s of ihe City. �fj 'I'he admini�ti�e s�ucture and manag�nent practices and policies of �he EDA m�st be ap�praved by the Gity Cc>t�ncil. (g} Tbe EDA shsll submit al� planned a�ctivit�es for tttAuencing 'the actio� of any other govermnental agency, subdivision, or body to tbe Ciiy Council fat gppravaf. 6.Q2. The EDA may exercise aI1 fihe pawex� uad�r the EDA Act, including, but not �imitad to, the folfowing: (8) all pawers w�dex the HRA Ac�. (�s) all powers of a city under Minnesofia 3tatutes, Seckian 469.124 t� 469.134. (c) all powers snd duties af a z�d.evelapment agency under Minnesota S1��rtes, Seciions 4�9.152 to 469.165 for e purpose in �e HRA Act ar the EDA Act, and aIl powcrs end duties in th�e HR.A Ac# a�d ths EDA Act for a purpose in Minae�ata Statutes, Sections 469.152 t� 4b9. FtiS. (d) the �ufi�ori'h' tc� accl�ire Pi'�F�Y� exercise fihe right of eminent domaiu; make con�cl� for � purpose of redevelopment and econamic development; se�rc►e es a l�nmited partaer iu a parknersl�ip whosc purposc is causisGerrt with th� EDA's piupc�se; buy supplies anci materia�s nceded w catry out develapme�t wsthin the EDA Act; a�d operate and me�ini�in publie �arldng facil.ities. (e) the aut}�ority ta issue bonds in accarclance witit the EDA Act and the HRA Ac� (#� the auth�orit� ta levy specia! benefit taxes in eccordance with Sec�ion 459,433, subdi�ision 6 af �e HRA Act in order ta gay vr firisnce publ�c redevc�apment costs (as defined in th� HRA Ar,t), svbjeci to approval by the City Couacil in accc>rdsnce witt� S�ction 469.Q33, subciivision 6. (p� all powers �nder iwi"inneaota Statutes, Sections 469.474 to 469.179. 6.Q3. As provid� i� tbe EDA Ac#, it �s the intention of the City Council �at nathing in #his resolukian nor �ny activities 4f the EDA �ra to ba coustrued ifl impsir ti�e obligation�s of t�e City or HRA under any of#heu� contract� or to affect in a��y de�trimental manner the rights and grivileges of a holder of a ba�nd or other obliga�iori hez�et�fore issued by tlie Caty, the EDA or the HR1�. S ectian�Implementa�.�ii.vn. � 7.U1. 'I'he City Council will fr�m time to time and at the aAFropriate time adopt suc� � ordivances and resole�tinns as are r�quired and �it#ed by the EDA Act to give full effect to this " resalution. _ 7.02. The Ivi�yor, the City Administra#.vr, and other ap�gropri� City offiaials are authari�ed and directod to take the �crions and execute and deliver the dacu�nent� necessary to give � fu11 e�ect to this resaluf3on. 7.03. Nothing in this resalution is it�tended to preve�t the City from znodifyazzg this Enxblittg Resolution ta im�ose new or diffcrent li�nitations on fhe EDA as autho� by the EDA Ac�. ADOFT'ED BY�he City Cotmc�i of the City of Mantice�lo on this 25th day ofMarch, 2013. CITY OF MONTICELL� Clint He�st, Mayor ATTF,ST; � r �L r � i�i�!w� i � � �, •�; . P��e 1 4{enr��d� � �rav�n, Ch�rt�r+�d ��Q �auth �ixth S[reet, �uite �?� f�linr�e�po�lis �'IN 5�44� �i+y of fVlontieell� Ma�r 31. 2C12Q hAN19[7-4015� TIF Dis��ri�# No. 4� (Bnggs H�using) Th.rough May �1, 24��i Fvr,All L�gal S�rufces As �ollows: Hours Am�uni 5�7f�4�D f+�1Nl Prepar� ��rtifcat� of Completi��n; �u�strc�n tc� �ity sta�f 0.50 1�0.0� r�garding ur�finashed w�rk nat�d in certdfic�t� c�f o�eupancy 5113J�020 MNI Ph�r�e c€�nversatiora u�+€th J Th�ees reg�r�ing status s�f 0.7� '140.OQ request f�r �erkifi��#e of �ompleki�� ��d unf�ni�hed �ik� . imp�av�men#s; review �ont�act provisians. �lra�t su�ge�ted lang�age €�f lette� notrfyin� r�de+rel��er khat certificate w�uill r�c�# �e ���u�d until wark is �or�pl��ed Total �S�er+�ices: �+ �4�,00 Ts�tal Serui�ces and Disb�rsements: �, ��L�?,04 Julie Cheney From: Jim Thares Sent: Monday, July 6, 2020 10:31 AM To: Julie Cheney Subject: RE: Kennedy & Graven (3) Julie, these are okay to pay. Please code all three invoices to: 213-46301-430400. From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Monday, July 6, 2020 10:05 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: FW: Kennedy & Graven (3) Following up on these. Please submit approvals by end of day tomorrow. Thanks! From: Julie Cheney Sent: Thursday, June 25, 2020 12:56 PM To: Jim Thares <Jim.TharesC�ci.monticello.mn.us> Subject: Kennedy & Graven (3) Jim Attached are the following invoices from Kennedy & Graven: Inv# MN190-00159 — Block 52 Redevelopment -$60.00 Inv# MN190-00101—General EDA- $340.00 Inv# MN190-00156 —TIF District 40 - $240.00 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 c��a�r o� �''� ���1�1��� 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#y of Mc�nticello ��y 31, 20�a Pag�: � �C�nn�t�� & +�r��r�n, Chart�r�d 2Q0 �outh �ixth Skreet. Suite 47{} Mlnr�eapc�lis. MN ��4OZ � � Mh1794-O�p��9 �lock �Z Rede�+ei��ment Througl� M�y 31, �02� ��r �I� L�ga� S�r�+ic�s As Fo��o�+s �f13,��24 MNI Phc�ne e�nv�rsati�n vuith J Thares r�g�rding possib�� assistance p�a�k�ge to dance studic� ",hat is r�ro�e genero�s tfi�n rnandat�d by Rela��tieyn A�t. fic�kal Services: F�c��rs �rvtio�n� �7.30 6[}.Ofl $ 6{1.Q0 T�tal �e�rvi�es and D�isbu�r�errr�nts: � �60.00 Julie Cheney From: Jim Thares Sent: Monday, July 6, 2020 10:31 AM To: Julie Cheney Subject: RE: Kennedy & Graven (3) Julie, these are okay to pay. Please code all three invoices to: 213-46301-430400. From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Monday, July 6, 2020 10:05 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: FW: Kennedy & Graven (3) Following up on these. Please submit approvals by end of day tomorrow. Thanks! From: Julie Cheney Sent: Thursday, June 25, 2020 12:56 PM To: Jim Thares <Jim.TharesC�ci.monticello.mn.us> Subject: Kennedy & Graven (3) Jim Attached are the following invoices from Kennedy & Graven: Inv# MN190-00159 — Block 52 Redevelopment -$60.00 Inv# MN190-00101—General EDA- $340.00 Inv# MN190-00156 —TIF District 40 - $240.00 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 c��a�r o� �''� ���1�1��� 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 P�ge� 2 �Cenr���i�r & �r�aven, �hart��ed ���o �ou�r� si�rr� st�e�t, s���e a�� Minn�apa��s, MN 5���2 � �it�r c�f Mo�kicello I��y �1, ��2�J MN19Q-�4�D1�� �er�eral ED� Matters �hrou�h h�rl�y 31. �(7Z{� For All Leg�l 5ervic�s As FoNlovas: i,r81���[7 MNI R�vieun+ grarrt guid�lin�� ��d �ppli�c�t�oro f�dr E[�A sm�ll b4�siness em�r�er��y �s�is[�n�ce pragrar�rr �f1 �f�02�1 1�1N1 P�cane ��nv�rs�[i�n wi[h J Thar�s regarding p�tential representatian in M�nticell� ��vieut I�wsui# �J181202�J MNI �lankhly fina�rce call yvitn E�.A �nd ci#� s#��f, hJor�hlar�d. T�t�l �e�+vices H�urs ,4rr7our�t fl. S�l 7 0� ��1 0.�0 4�.Q�1 1.[�0 2pq.t�4 � 34U,�� Tntal Services and Disburs�em�nts; $ 340.00 Julie Cheney From: Jim Thares Sent: Monday, July 6, 2020 10:31 AM To: Julie Cheney Subject: RE: Kennedy & Graven (3) Julie, these are okay to pay. Please code all three invoices to: 213-46301-430400. From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Monday, July 6, 2020 10:05 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: FW: Kennedy & Graven (3) Following up on these. Please submit approvals by end of day tomorrow. Thanks! From: Julie Cheney Sent: Thursday, June 25, 2020 12:56 PM To: Jim Thares <Jim.TharesC�ci.monticello.mn.us> Subject: Kennedy & Graven (3) Jim Attached are the following invoices from Kennedy & Graven: Inv# MN190-00159 — Block 52 Redevelopment -$60.00 Inv# MN190-00101—General EDA- $340.00 Inv# MN190-00156 —TIF District 40 - $240.00 Okay to pay? Please provide coding. Tha n ks, .JuCie C(�eney Finonce Assistant City of Monticello 763-271-3205 Julie.CheneyC�ci.monticel lo.mn.us APC�ci.monticel lo.mn.us c��a�r o� �''� ���1�1��� Email correspondence to and from the City of Monticello government offices is subject to the Minnesota Government Dntn Prnctices Act and mny be disclosed to third parties. i 7�i ?4ENIA A'dENUE u SUllf 3�� M"NhF.A'C�f."„5 r+�fv �St•, F �.� (;i1�' C]� �4'�OfY[IC@�@d] ,�Uf11G' ��, ��'�� .Atin: Sar�h �athlisberger, CPFO �inance fWl�erag�r Proj�ct,'Ir�voice: F�-�16234-t1�D - 1 505 Lh,��lr�ut �treel, Suil� 1 Reviewed by: Bret V�eiss ��# �'� f��ontic�lfa. fi��f� ���f��-$�31 Proje�C M�r��ger: James �rcamb�rc� �� Ind��tri�! �.,�rk Feasibili#yr Stut�y Pr[aFess��t1� 1� 2 Ma 3� 2Q2(� Phds� �Q1 �it� �1 - G�rc;ti{jrc� Site �c�nc;��tu�J L�nd l.P�e L�yout hlours Fiate Am�aunt H�rrer�gtan, J�an �a'2�r'�0�[7 .25 11�:O�C� ��'.5[} �f4J��f �1df1��EF71ETlf ��I��, ��YI� ������{��� �,��1 Infraworks ms�dei setups and �Caor[I�r7atian u+�i4h �I� �leill. �av�4� �;��r��12(} �.5s� Ir�fraworks m�od�l s�#up5 �nd ccr�rrdinagion with G�� Te�Eals �.75 iotal Labar � ��.Q� 1 d3.00 Tad�l tF�is Task ���.�� �14.5Q 5�$.[7G 52�, 00 ��28.00 T�ial this ���se �5�8,04 F'h,ase C'��� �it� �.`3 - �-Iwp� �5 �ite (�oukh €�f 85th; �pnce�atual �Land 1�1se L.�yc�ut Hnurs Ftate ,�rnount F-larringlor,, ,}�an �J��l�02� .25 11C1.�{J 27.�� Project f�1a�r�ge�r+�n1 N�i61, IDavid �?1�J2�20 ��OC� VnFra��rarks modtl ���ups and c�ordin�ti�an wwith �I� Ne+ll, �8vid 5,`2�1;�(}2S� 1,�0 Infraw�+�rks r77adel s�t�,ps ��d coor,�inati.on w�ikh �15 Tc�t�ls ���� Total Labor 143. {1� 143�_C1� 4�6,�0 Tofal this Task $d5�_50 T�#al this Phase �456,5(} T'�otal thi� Invaice $�$�.'�� Pro�act F�-�1��34-C�0� r49i�h�T - Ir7c�.�striel Fark •� eas��ility �tud�y I°��ro ce 1 BillingS tv D2t� �urrent Prit�r Total La��r �84.��� 4.f��1 J84.uU ��tals 984,50 0.4� 9�4.54 Julie Cheney From: Jim Thares Sent: Monday, July 6, 2020 10:45 AM To: Julie Cheney Subject: RE: W5B Invoices (2) Julie, the invoice in the amount of $2,312.50 should be coded to the line that is being used for the W5B Economic Development Assistance Services Contract for 2020. The second invoice in the amount of $984.50 should be coded to: 213-46301-431990 (Miscellaneous Professional Services). I believe this is the first invoice we have received for the Industrial Site Analysis Study related to Project Gia- Saurus. There may be additional invoices submitted in the coming days; or maybe it will be just one large invoice. The EDA is supposed to pay for only $12,000 +/- of the total cost of this Study (the City Council will pay half of the estimated $24,000 +/- total cost). Please do not allocate more than $12,000 for this WSB Project number to the EDA coding. Thank you and let me know if you have any questions. From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Monday, July 6, 2020 10:05 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: FW: WSB Invoices (2) Following up on these also. Thanks! From: Julie Cheney Sent: Thursday, June 25, 2020 1:24 PM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: WSB Invoices (2) Jim Attached are the following invoices from WSB: Inv# R015355-000-5 — 2020 Economic Development Services -$2,312.50 Inv# R01b234-000-1— Industrial Park Feasibility Study -$984.50 - Is this one you will be approving? If so, please provide coding. Okay to pay? Thanks, Ju,Cie CFceney Finance Assistant City of Monticello 763-271-3205 Julie.CheneyC�ci.monticel lo.mn.us APC�ci.monticel lo.mn.us T+:1 DC+: N17� h4+f.h4;L 5 �qjkTf 3f13 �JIIiV14F�Ak��}I IS�. MN 35�18 �I��+ O� d4�i�T1t1G£��D Attn: S�rah R�tholisberg�r, �CRFO Fin�n�e� Man��+er ��5'yN�lnuk �#r�et, Suite y hJ'I�nti�elfo, �I�l �53:62-8a3? ��i2�i �ccsno�nic De�relopmer�# S�rvic�s City �tafF Ft�e;+ievder - Jim T�ares �L A�ct # � 1 � �6301.�319�0 ,�UFI� ��, ���� �'rojecVln�roice: R-{]1�355-+J40 - � Re+�ie�,ved by: Bret �le�ss f�raject Manager: J�me� �rorr�i��rg Phase 0�'t ���� Ecc��org'7ic C3�euels�pm�nt 5ervices �onthly� Retainer Corrrr7�er�ds� �V1or�t��Jy Rel�rner.�?7�.� fortf�r� task. F�e T[ak81 Fee 9,3QD.00 ��ercert& C�rnplete �41_6867 Yokal Earned Pre�ui�US FBe E�i�l�ng Curr�nt �ee B��ling To'�al Fee �peeidl Prpj�C.#5 H�U!r� �romberg, J�meS �151���0 1.0� proj�.�t Gl�auas�uis Upd�ke +�ith Jim Th�r�s Gr�mberg, J�m�� 5?7�2U�0 1,C10 �all Jim Thares t�l�v�su+�s Project �rombe�rg, �9ames 511�J2�20 1.�1�0 Conf�r�nce C�I] City about �iernr Site ar��s �Gramber+�. ,lam�S 5J14J2C��0 75 hJea4 Sites call for �I[��+� ��oy�Gk .�C',romberg� ,l�rti�� 51��J2020 2.5�} 1'roj�ct Glcsu� �it� �e�+ie�w C�r�mb�rg.9ames �f21?2[}2C� t,Qp �all wi#� �[�A an Federal Funding Gromber+�_ James 5J26J2b�Cl �.(�Q Project Ceo-�uraus S�te l�pd�#�s G�omb�r�_ J�meS 5�27J2020 7.�D Pr�j�ct Gia-S�u�t�s �our�es an� Us�s �nf�rm�tic�n ���mt�er,�. �1�mes 51281242� fi.0�} Project Geo-�uraWs ��t� 4.Jp��tes TCrt�ls 1�.2� Tqt�l Labor 3,875.�Cf 3,1 Q�].�10� 775 £1� ��#�I tfii� fiask Amounk 1 ��.��� T 50.00 i S�.OiJ � 12.�� 37�.00 1 �p,�i0 1 �0.0 J 75�1�f}U 7 �4. il0 7 .537.�� �� � 776.�0 $7T�_i�Q 1, 537.5I� Pr�j�C# R-4�1�355-[�0{J �a��NT - 2�2� €coe��amic �e+telopm�n� �ervi�� Ir�v�ac�E: 5 7vta� this Task $1,53'�.SQ Billings tt� []ate F�e Labor ,Add-orw Tot�ls �urr�n� i75.0�7 1, 537.5�0 Q_4Q �,312.�Q Pricrr 3.1 �]O.U@ 3,235..�0 -�22.�1f} 6,113.��} Tot�l #�is �'h��e $�,31�.50 'fcs#al thi� Irav�ice ---- ��{312.50 Tota I 3��7�.40 4, 773.Q0 -� 22. [7�l �������{� �;aae � Julie Cheney From: Jim Thares Sent: Monday, July 6, 2020 10:45 AM To: Julie Cheney Subject: RE: W5B Invoices (2) Julie, the invoice in the amount of $2,312.50 should be coded to the line that is being used for the W5B Economic Development Assistance Services Contract for 2020. The second invoice in the amount of $984.50 should be coded to: 213-46301-431990 (Miscellaneous Professional Services). I believe this is the first invoice we have received for the Industrial Site Analysis Study related to Project Gia- Saurus. There may be additional invoices submitted in the coming days; or maybe it will be just one large invoice. The EDA is supposed to pay for only $12,000 +/- of the total cost of this Study (the City Council will pay half of the estimated $24,000 +/- total cost). Please do not allocate more than $12,000 for this WSB Project number to the EDA coding. Thank you and let me know if you have any questions. From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Monday, July 6, 2020 10:05 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: FW: WSB Invoices (2) Following up on these also. Thanks! From: Julie Cheney Sent: Thursday, June 25, 2020 1:24 PM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: WSB Invoices (2) Jim Attached are the following invoices from WSB: Inv# R015355-000-5 — 2020 Economic Development Services -$2,312.50 Inv# R01b234-000-1— Industrial Park Feasibility Study -$984.50 - Is this one you will be approving? If so, please provide coding. Okay to pay? Thanks, Ju,Cie CFceney Finance Assistant City of Monticello 763-271-3205 Julie.CheneyC�ci.monticel lo.mn.us APC�ci.monticel lo.mn.us P���������, ��C. 4G9� �c�Cn F���;i�s �fvd_ Caon ��pi�s, 1�1N 554�3 ,�lCr'tfr�55 S�r4'.�C2 f��C'L�eSf2G'° L I I�'I�'�I C � .. —. RCEASE �GHECI4 �k IF AbOR�SS �HAN�iEQ _ s ir�oiGArE �ew.a�]aaESS P�g� # 1 �n+�oice D�te �i 18.+202�} Invoice Num�+er Ad 1Jurr�h�r 7612.r � 1 �J� 3935 �erm� N�et �0 Ch�Ck hlumh�r l4rn4u�t Paid CITY C�� �1�NTlCE�L� � ,�TT�1: A��UIJNT� �AY�BL�E �05 U'U.AL�IUT �T �TE 1 - hl!{��iTC�ELL�, M�1 5���� nctvunt # a�92�4 ��50 �� 11�CQUFLT NUMBER �7i1R7 �ATE 3YC�P L1ATE E[71TION DAi'E ACCC76JPiT REPRE�EF�TATJVE ���20�t �wF�'�8i2�6 OEri�F2� �,+181�42C1 �aro-k��llc Legals 7�.3,6�?1-6�fJ1 F�aaS�° r�l��-; r, e.�P�.�r �:�riic��i �.v7�+�F;�s�:• �Y--e�t T� C3y by cr�7iq �'.irJ aleasz v° 3l "CI�•,s r;crm �p,�um.ti+arrtrgl�'l��+A7 ar �II ,'�v-?12-245+� �UBLf�ATfpN � [7+4�`E PJl�nti�iln Tirnes � p 1$127$ AI7� ' CLASS j �]IESCRIPTIQNfTAG LIFEE �� TYRE �E ; �li�l'J �KIOiJNT -� . . � . I_ � 77dY'I�S 'G`53935 125 2f]19 A�nnuaJ [�iSGl�sure Stat�Rie LI� 6.p �t 3.15 4 35f1.T4 ����� � ,, .. 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I, cl�ous� �1} c�r (�), If tis� r�cwsp�per's knc�a�n �t(�ics� of issts� is ]ocate�l in � c�ounl}� �cijoinina tht c:ounty w�crc the lnorig��d p�rternises �e ��ame pr�rl ot the t�s�rlg�ged pr�.rruses des�eribed ie� !he not%ce �[� ]ac�ted, �► �ub�t�ni��f' p�r[epn ut i}ue n�w�p�pc�s Cll'Cul�tl�n IS li9 [I']C 13[P�I �[]UnCy'. ��':. Desig�tea3 ,�4g+�nf 5ubsc�ib�.c� nnd ��u��rn [a o�r �fCrm�d bef[�r� me an (1f,11��2U21� tay I?eaane �ri�ks�an. ' � � �..� ���.�.�._.�._�4� T�otary,�ubl;c - — ieDA�R�fN� IAAf��lAAaACPh��R�{lh� , _..� Fi�t�ry Public � ir�n�sot$ �.,.�..�. ' ���'�� �; �n�ori F�res J�k1ry 31, �4 R.a�e It3f�xrma�on� �11 ��awe5t �l�ts�ifi�rJ rale ��iri b}� cnm�5]eTCiz�l u�crs far comg�rak�Fe spas�c: �1�,5�1 pea �c�lumn inclh Ad iD 10�53��5 � �� �� ��� fi 3 i Q � m � . ,� m ��3,�' � ��:�� �� �� �. � E. : ���� x ��� �: � n � � � i �? � � � � � �� �x 3 �� . �t � � � � � � � � 4 � �7 � �� � S'1 � � � � . — � � p > > � q'� ffi '�J @ W �+ Sl'„ 6.}` � � � � 'd1 � � � � W - . $ � � ��3 sc � � � c R � fa � 3 � � @ 3 j 3 � •.1 � � � � ' a, � � J 4f.` � �: a�� R��; ,� � ��� �'� � � � �T �a °° — �.. � ���� m�; � � 4 O. � {n ��� �.� y [ � � �� � � �::i � � � 0 A IA � � � � .� � � � ��� n � � n' °°� � �: � � � � � � � � ? 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Code all to -435100 $35 each to: 213-46519 213-46522 213-46524 213-46529 213-46530 213-46534 213-46539 Remaining $105.74 to 213-46301-435100 Thank you! Sarah Rathlisberger, CPFO Finance Director City of Monticello, MN Tel: 763-271-3201 Fax: 763-295-4404 NOTE: The contents of this E-mail may contain information that is legally privileged and/or confidential to the named recipient. This information is not to be used by any other person and/or organization. The views expressed in this document do not necessarily reflect those of the City of Monticello. Email correspondence to and from City of Monticello government offices is subject to the Minnesota Government Data Practices and may be disclosed to third parties. From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Tuesday, June 23, 2020 11:31 AM To: Sarah Rathlisberger <Sarah.Rathlisberger@ci.monticello.mn.us> Subject: ECM $350.74 Sarah Attached is Inv# 781278 from ECM for the 2019 Annual Disclosure Statements Ad. Okay to pay $350.74? Please provide coding. Tha n ks, .JuCie CF�eney Finance Assistant City of Monticello 763-271-3205 � Julie Cheney From: Bullseye Property Management & Realty <mail@managebuilding.com> Sent: Sunday, June 21, 2020 3:06 AM To: A P Subject: Lease statement for Broadway Parking Easement - COMMERCIAL - 2 as of 6/21/2020 � Bullseye Property Management & Realty Lease statement as of 2020-06-21 City of Monticello Economic Development Authority 35 Lake St Suite 500 Big Lake, MN 55309 Date Memo Prior balance 4/1 /2020 4/15/2020 5/1 /2020 5/4/2020 6/1 /2020 6/11 /2020 7/1 /2020 Common Area Maintenance Payment Common Area Maintenance Payment Common Area Maintenance Payment Common Area Maintenance /_�•1� I ii �; 3 [iI�L [i��S [ ! I_ ur't:111'iii $162.13 ($163.35) $162.13 ($162.13) $162.13 Balance $1.22 $163.35 $0.00 $162.13 $0.00 $162.13 ($162.13) $0.00 $162.13 $162.13 Balance due: $162.13 Payment is due on the 28th of the month. If payment isn't received, a one-time fee equal to 8% of recurring charges will be charged on the 29th of each month. Manage your account online: http://bullseyeproperties.managebuilding.com Bullseye Property Management & Realty 763-295-6566 Buildium@bullseye411.com Stay connected with the Resident Center app 1 Vonco II,LLC 153d1 140th Avenue SE Becker, MN 55308 PHONE; (763) �b2-8662 FAX:(763} 428-1334 IlJ City of Monticella Public Works 505 Walnut Street Suite 1 Monticello, MN 55362 �G�I�I� I il � I I I I .i�n � � -'� i �� DATE CUSTOMER N0, ___ REFERENCE N0, 1 Jun-14- I TC3TAL IfVVOICE 135.00 i SERVICE DAT� CODE DESCRIPTION REFEREfiVCE Q7Y, RATE AN30U(YT li - Jun R3 Reload Fee�Handling Fee O1-7b3478 1.ppLp $125.00 $125.OD Referenee: �RE]ECTED LOAD ZD YAR[JS RELOAD Contract: City of Monti Landfill il - Jun EZ Environmentai Fee SC2159039 1.40 $10.00 ($10.00 / Ticket }Environrnental Fee-10 Questions or Inquir#es contact Nettie (763) 262-8fi6Z or vkuhn@VoncoUSA.com Invo1ces unpaid after 30 days subject your account to credit hold. CURRENT � 31 - b0 DAYS � 6] - 90 DAYS � OVER 90 DAYS 135.00 I $ 0•00 __ � $ 0•40 � � O.OQ U7'AL I(�iVOICE 135.00 Julie Cheney From: Jim Thares Sent: Wednesday, June 24, 2020 4:07 PM To: Julie Cheney Subject: RE: Vonco II 56304 inv. 6/14/20 $135 Yes, this is okay to pay. Please code to: 213-46301-461500. From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Wednesday, June 24, 2020 1:40 PM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: FW: Vonco II 56304 inv. 6/14/20 $135 Jim Please see the attached invoice from Vonco. Okay to pay $135.00? Please provide coding. Thanks Julie From: Debbie Davidson Sent: Wednesday, June 24, 2020 11:52 AM To: Julie Cheney <Julie.ChenevC�ci.monticello.mn.us> Subject: FW: Vonco II 56304 inv. 6/14/20 $135 Julie, Please see attached invoice along with Matt's comment below. Tha n ks, �ebb�e �av�dsow Finance Clerk City of Monticello 763-271-3225 Debbie.davidsonC�ci.monticello.mn.us apC�ci.monticel lo.mn.us Emai! correspondence to and from the City of Montice!!o qovernment offices is subject to the Minnesota Government Data Practices Act and may be disclosed to third parties. From: Matthew Leonard <matt.leonard@ci.monticello.mn.us> Sent: Wednesday, June 24, 2020 11:46 AM To: Debbie Davidson <Debbie.Davidson(c�ci.monticello.mn.us>; Mike Haaland <Mike.HaalandC�ci.monticello.mn.us> Subject: RE: Vonco II 56304 inv. 6/14/20 $135 Hello Debbie — This should be an EDA expense from the removal of items from their 4t" Street house. � From: Debbie Davidson <Debbie.Davidson@ci.monticello.mn.us> Sent: Wednesday, June 24, 2020 11:39 AM To: Matthew Leonard <matt.leonard@ci.monticello.mn.us>; Mike Haaland <Mike.Haaland@ci.monticello.mn.us> Subject: Vonco II 56304 inv. 6/14/20 $135 Matt & Mike, Okay to pay the attached invoice from Vonco II @ 135? Please provide coding. t�eb�Le D�v�cls�w Finance Clerk City of Monticello 763-271-3225 Debbie.davidsonC�ci.monticello.mn.us apC�ci.monticel lo.mn.us Emai! correspondence to and from the City of Montice(lo government offices is subject to the Minnesota Government Data Practices Act and may be disc(osed to third parties. i : � ��1etr� Applian�e Rcc���:1in� ��� 16�0.� f�C1�13St.'�F C)tse�,o, �4�i� S�;�f� �?f��� �i�l-���57 Bi�l To �'itti� a�1��lanticfi�l� P�bli� ���srks �rlat: i.er[rar�i 9(��3 Gc+df Cu�u�e R{x1ti1 '4lcinklccll�� !�+f�( SS36? C�t�8�11ii'� DESC�ipCiCsn I,`�23� 1?-,c��;� bti ;��. �a��at3c� l,?=� �]-'+�' �t :t�tcus7;nr ��rch;u��r krk rlr: ��t�un�1 G Slov� , � I'r��1gr �' {'In[he!fi f}r,'�• I k4`asftin� ii�l�l�i�w � � B�1S}144'�LS�iBP .i � ]`ICFI tVAt�Y �EC�[�P ; ]'urnsce �f� �9�i�resses 3', L�SCf� �u4[? 91r� I U��ck �ina Gir�s �'�1'�' � , P.Q. Ncs I Terrns �ei;3Lt I��rvi�e �al� Inuo�ce # �.']^:?(a�l] 59?7'S17 R�7te Pr�j ect �rro�nt ��� ;3pp7�:Ci�Cg }'L�Ur 174�Sir1YCS_ CSIj '?,3-��7 �-S iB� wlt��� s,�s}� qu�,stiaro.� �n ��tis ir3voiGe. ����� s�__r��.;; '�.+ .'.k�Fli•I ��I I I I _ a o��r...', � i ri i�l i�` i. �I{i � i i�i !�.i,t�r�u�lilf9��� ,Ili.;ui��.11 i ���'��f�c��t� c�fL3�;����c�.i��7� ' ��� 1.lzie: ,�,: l�%-�'Q"LO �Y �,�>:i �.'_� i — i . . . x�ai �F1t+C1:C.� 'L _� �'f � � �` � � F�I .. 6 IIt•r � h+.il+ �P�51+1a�� !111���11�a !III�I{ �,i.:Yllt Idll�lll+$+!:i i..i� k��utrr; ��i��rc�:'�pC�1�aEace 1�cc��cliri� :T'. .. .. . . e .. .. . . . `�:ictr-� :'�lal�[i�i�:e �e�:w��,tti�;��s �� n�d ��3 in�ur�� ac�1���7�1e t��a�l.i�i���e.,. ��u�1�p�t�i:�, eleet ort���� �t�d;la�t�r��c.�r��E��•i�� fn�-t� �..F���r����, �.tri e�c�:�,l� ��� ���aAti . . : ,_.:_ _ :: :. v��'astec�i�tt��nin�_ia���:��,�G�;�n�t�l.�.._::...':;._. .,.._e..:._....._ �,_��..,...:_ t'�11 c�+n���ters tu����t �°j tc�� ���,+�cl�i��{�7t',_({Ew�i}Sc,17l�I�G.f)I] wJLG t].Il��]�'��Cit7l�� ' �..r�. � --. inetal� re�l�ii}��c� �o j��icl citiv�� az� ��r�c{ �r r�u��.�l �.t�_�r_{t,d.����'n� i�jift>i.�1fa"�i�r� , 5�CXiTIt}r :�iir� pF14 � G�` ,.. `- __,_ .�.._ . ..,.. — .,: - ._ ., .°�:1 i��m� turi�e�: ��� te�r r�:c�'�lin� �e ,���-4r�nt��� tn b� �i�in.�� t1�ti Sir�E i i��ccicd i�t ���:i:��`��rr+: e ���et�lg��d�ra9 �t�;�� ai��� f c��s�. l �.�� � �. � _ , ..,.,,.,_ � - - '�`s�tro �}��I IFi�t�.�: Rc��:i�clilf� t�auil�ew i1�iJlL1''y��l�}_�}i7� C�r"�kt]C� Q}li3# r�� �?cr��[� .'..' '_"'�} :.. ."' .'._: `c�CrC�FJL�U tfi1l�7 1�1 i a1 CJ %�� _�[7f1J � 1C�`'�L.,tl i:Y�4 ]]�L}��(;1� Y P�(.'1'�C��C,'.C� f --- - BI�Cj [t1�T121�CC� 2CC,1]j`(��Tle; xf} ��f��lycak��� EP'�=l aaicl h���P��. �a���� ai�d re,�ul�ti�rt�� � =�� �.1� nh!I'� �fl[101 �4�45 � � � {�4.r4r� ���� f �_ � `-����_ J�+�c�r� ��':Mr�hir.ie '�I��ro r�p�7:i�nc� I�ecyc] i�i� 1�a4�]3 C�Ci-' �t. 'VE� C�tse;c�,,.�'1?�.T ��330 �;:;,��� �� 1-878? I �.� ��f �l�i � �E r'" "s�,�a• �ii��;�rii� i'�tA...:��1. C ��r.r .r :5 �ti r �` ��Illf'���'�.��I I�If n��`"�t et�lliili,�,�{i Ig--� I i r 1iqNl � I 911 i �* ll�l ��€;,�III II �. I{� � iia ill,,� i ' i��Y .� w,� ,� . y*�j i i i{%S i -'r c ti' k.e' M{� f� h���� =. �Y =�'Yi_5' � �.;.3.� .: ��. . I � Julie Cheney From: Sent: To: Subject: Jim Thares Wednesday, June 24, 2020 3:49 PM Julie Cheney RE: Metro Recycling Invoice Yes, this is okay; refuse removal from 300 - 4t" Street East. Please code to: 213-463Q1-461500 From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Wednesday, June 24, 2020 8:43 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: FW: Metro Recycling Invoice Jim See the attached invoice from Metro Recycling. Okay to pay $1,561.55? Please provide coding. Tha n ks, Julie From: Debbie Davidson Sent: Wednesday, June 24, 2020 8:11 AM To: Julie Cheney <Julie.Chenev@ci.monticello.mn.us> Subject: FW: Metro Recycling Invoice Good Morning, Looks like this one belongs to EDA. Enjoy your day! �ebb�e �av�dsow Finance Clerk City of Monticello 763-271-3225 Debbie.davidsonC�ci.monticello.mn.us apC�ci.monticel lo.mn.us Emai! correspondence to and from the City of Montice!!o qovernment offices is subject to the Minnesota Government Data Practices Act and may be disdosed to third parties. From: Julie Hoglund <Julie.Ho�lund@ci.monticello.mn.us> Sent: Wednesday, June 24, 2020 8:01 AM To: Debbie Davidson <Debbie.Davidson(a�ci.monticello.mn.us> Cc: Matthew Leonard <matt.leonard@ci.monticello.mn.us> Subject: FW: Metro Recycling Invoice Debbie, can you please re-code this to EDA — this was from cleaning out the house on 4t" St E. Sorry about that. _) u �i,e I-toU �u v�,cf Administrative Assistant Monticello Public Works Department 909 Golf Course Rd Monticello, MN 55362 763-295-3170 From: Julie Hoglund Sent: Monday, June 22, 2020 2:41 PM To: Debbie Davidson <Debbie.Davidson@ci.monticello.mn.us> Cc: Matthew Leonard <Matt.Leonard@ci.monticello.mn.us> Subject: Metro Recycling Invoice Matt, is this OK to code this to? I found one from last year and this is where Tom coded it to: 101.43127.421990 ��L�e I-Frc��v�,cl Administrative Assistant Monticello Public Works Department 909 Golf Course Rd Monticello, MN 55362 763-295-3170 1V€�,-t17141n� S��aari#i��, lr�c. 1;(} Sc�u th �'iEtEro Strt�t �uit4: 33C�(� '�•�lann��ti}�c3li�c, A�1IL' .�a�(72 �,��A VOitC: Fi�2-�.�rt-�'�(�41 F�x: fi�i2-�+�+�1-�47�1 ��sl�d To: �it� c,t h�t�nfi�{�llcr �tir,�li t��.thlisb�:r�i•r, �i��e��ci L�1ir��c�or 5415 1�1�`al �� ut � tra'c l, ��i it�4 I ��ivntic�llc�, �tT�! �:��6� 1 \�� 1 �Lr�11 \ .4�' �SF�ll41TIFS In,uoi�� Ir►u�riee i'�u�r[ber: fi7 i-'� Inv�i�e� ��te: �,,� 71`�,� � 0 f'a�;� : 7 Cus�oxn�er �'C� � P'a�r�zeent �I`erxtts �a��s i�ep ID l�u�e i7�a#� �a���;�����, z�-�{� ���ri4�,k . r��t ;}�r r�;���� � ; � �l �� a�� De�cripfinn --- 1'Cif 4L'f1`YC�'S �la�t�'L{ tC1 �tA°k'LE'44' [�t C,l�lr 1'rc}�ered �O'�IR A.37i'S11�7I TaI' [�l�}li-fRl[l� I'l7 �,r�i:LSi. tii"i'. t']lC.�{]�l`i� �jl"�a5 i �, � � ���� � � � ,,����� � � � � su�tot�t ��.� Sal�s I`ax Tc,ta� dn�°�ire f'�rn�urtt ��.i� �}�eck I�,io; Pa���rrcnt Pe��i�,�ed TC1T�,L hl,inbl�-S7�-�� I Tisf�-Fn���Fi47(1-$31-�`.7��1 j F�xfal�ai51-���T 15{7 `�outN riFih 5�e#, Svitw 3:�U41 � h9ertri�•a�lis, h,91V 554[}: �tirkh.C.S n�54�c uritidz5. 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Cq � 0 � by0 � 60 � bp � hq � y �r' y C y �r' y �r' y � y �r' W � W � W � W � W � W � y y y y y y $ _ � $ � $ 7 7 7 7 p'a 0] fb CQ 07 c� �:C eS :^3 � ;S �'C � V � � � � � � � � � � L�l C�.l U] [iJ �L.l LL.I O } � � z z o a a � w G --' � P� U � O � C.7 W U F' z z z W � � � a o a 3 � m � � Q � z � � v � o z F. w Q �' U ;� z U W z 3 �. � z w u z a O `J� � 7 � O � c+� N O O� � 7 � � � cn N O O� � 7 � � � cn N O 'J� � 7 7 l� � m N O O� � 7 � � � c+� N � a� 0 0 N 0 N N N r O L". � 'J J J � r p � � J � � F� � N��rthianci Securities, Int. 1�0 South Fiitl� Street Surte 3300 Minneapo[is, MN 554[}2 liSA Voice: b12-�5X-590Q Fax: b12-851-5951 Said To: Citv oE Monticello Ji�n Tliares, Econ De�� Managea• �05 W�lnuk Strcet, Suite 1 1�1c,nticel[o, i��1N 553G2 NURTHLAND SECURITIES Invoice Invoice Number: 6152 Invoice Date: 7/8/20 Page: 1 Customer PO Payment Terms Sales Rep ID Due Date T�r o�st�-��t 1-� :v�� 30 o�ys s/�/2a Check No; Subtotal 5ales Tax Toial Invoice Amount Payment Received TOTAL 2,0�0.00 �,a�o.ao hlain 612-851-5900 � Tou-Free 8�0-851-2920 � Fax 612-$51-5987 150 South Fifkh Street, Suite 3300 � Minneapolis, ;v1N 55402 NorthlandSecuri€ie�.co;n MemPrer FdNRA nnd SInC, Reg�sfered rt�ith SEC rtnri MSRB Client: Project: N(]RTHLAND PEJ6LIC FtNANCE INVOICE SUPPLEMENT City of Monticello Establishment af Tax Increment Financing District No. 1-42 Contact: Jim Thares Economic Development Manag�r Crty of Monticello �05 Walnut Skreet Suite 1 Montieello, MI�� 55362 Billing Period: October 2019 Services Performed � Collect data for TIF district from City/EDA • E��aluate and advise on options and findings • Prepare preliminary TIF analysis for different scgnarios • Review documents provided by developer • Prepare memo sumanarrzing findings and conclusions from review Staff Time Expenses '�otal This Period Pasitian 5enior �'rofessional Professional Suppart `Total Sta£f Mileage Printing Other Tota! Fxpenses Project 5ummary Total $udget Bi]led This Periad Bi[]ed Previous Budget Remaining Hours ]J.50 11.50 Rate $1$0 $1�5 $1I5 Billable $2,070.Q0 $0.40 $O.DO $2,070.00 $O.OD $0.00 $0.00 �O.QO $2,(�70.00 $ 8,82d.OD ($2,070.00) $0.00 $ 6,750.Qp N�rthland Securities, Inc. Page 2 of 2 Debbie Davidson From: Sent: To: �c: Subject: Jim Thares Monday, July 13, 2020 9:07 AM Sarah Rathlisberger AP RE: Scan from City of Monticello - City Hall Julie, coding is: 213-46301-431990. Yes, this is okay to pay. From: Sarah Rathlisberger <Sarah.Rathlisberger@ci.monticello.mn.us> Sent: Monday, July 13, 2020 8:36 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Cc: AP <AP@ci.monticello.mn.us> Subject: FW: Scan from City of Monticello - City Hall Jim, Please see attached bill from Northland, and respond to Julie/AP email with coding and approval to pay. Thank you! Sarah Rathlisberger, CPFO Finance Director City of Monticello, MN Tel: 763-271-3201 Fax: 763-295-4404 NOTE: The contents of this E-mail may contain information that is legally privileged and/or confidential ta the named recipient. This information is not to be used 6y any other person and/or organization. The views expressed in this document do not necessarily reflect those of the City of Monticello. Email correspondence to and from City of Monticello government offices is subject to the Minnesota Government Data Practices and may be disclosed to third parties. From: administrator@ci.monticello.mn.us <administrator@ci.monticello.mn.us> Sent: Monday, July 13, 2020 8:54 AM To: Sarah Rathlisberger <Sarah.Rathlisber�erCq�ci.monticello.mn.us> Subject: Scan from City of Monticello - City Hall � �2f171� �Q= f��fSA Pe�fessionc�l Ser+�i�es, inc_ 123C1 South Boul�vQrd �ar�boo, WI 53913 Ci#y of 611o�ntaeellca, f1flh� SCI�a'u'4+�Ir�ut �#reet, �urEe 1 MOnt4Ce31D, A�'1N 55362 .�u�y 17, 2��0 inarnice Alo. Pr4jec# �1ang�er �1i�r�t Li�iss7r� � PP� 'C'JT �illi I.1.':�FJ R�CF11='I' %�I- Ih vL: ['vE. . ERF:•_�_`.I{Rh"6L7i�7Ja"'Pkf1"hf?V7�J •�4 Jl,�.k 0 p.sEr.�t.r' w��i.i he p:�t�::v T.� Ys71:RNF.xiS7ai-aVi�rb11 � i For qvestiorts, eortic.act� (8+JC7� 3�2-45�05 F�1�73�{�D2.�1 - 1 D4-51�-1 ��1 INalthew Fr�t�r K�le �Eiyr��k AN{QUN7 DUE T�il9 II�IV{llCE, 56,1 �5_�C�i Project R 1�7� i00�.L �ity +�f Morttq�e��� MhJ H�u$Ing Needs antl M�rkel Demad Study F�r€�fe�sion�l ���t�' f� r�m A�1ay iQ, 20�3p �� Ju�y 11. 2fk2tl DesC�i�tion �ar�preh�ns��+e Housing S#u�y TvCal Fee Contract Rerc�n� i�mounk Previ�us ihis Ampunk C�mplet� Earn�d la�+�oi�es Inunice 17.��]�7�Q 35.QD 6,125,C}� O.00} 6.1�S.Q0 17,504.0�0 fa,125.(lC1 [�00 6,i�5.OhQ� T�tai Fee �,125.iJ0 ,�hA[}U�1T DLIE THIS YhEV�I��: �$,125.4Q For�4CH nc�til5�eatian, r�mi�t.�: ac[�[ulms�-ps.cnm A�c�urrx Number: 1D1C,�65'9�Q Rc�uttng h�ua�ber; �p759�]1590 �ar�k Inform�tion: Bardboo 5tate B€�nk, 1O1 3"' Ave., PC? 6ox 50„ Baral��o, VI+I $3�13, (�G�BJ 356-77Ci� �,iSA E�J,�BLE� PE�PLE "f�3 F'�SITI',�ELY 1h+lP,��T T�IE LIVES C�F C?THERS. W� are prc�ud to be a 1 bY0`7� �m plc�yee-owrred F�rrr�_ 5. C�rrs4d�ration of I}r�ft ��'�]-1�FF for H�usin� '4�i�rt�et .�n�9�'�is and Ilemaand Sfud�� Jirr� T�ares explain�:�l that �h� �L�.�► �a��� }�n�r,���r[?���,I fc�r �tafiFtc, d�v�lo� ar� RFP �'�r �n up�at�d Hausin� �tud}+, �ta��Ycrea#�ec1 ���,rnb�ined RF� �d RF"P to �.�surc: a �:�anpr�}�er�siv� de���atrient k+�c�ulc� be �chi����rl and t� speed up th� timeframe csf the pruces�_ Thare� ex��2�ir�ed th�t tl�� cr�t��e�t of the rcc�ues� in�ltac��:c� �pe�ifc cnte�ia and a �.cainprel��rp�4ve lc�c�k �# }����s�n� �i�.eds, BIL� T',�PF'�F� 1�1C��'E� �'J �F'PR�}�'E THF. ��i�iBfN�U [�}`(�-L�Fi' �1��[�L1EST F�� C�l'AL�f ICr'�TI+DNS-REQ�L��ST FO�� PRO�f�C7SAL) f��01��1�� �� FO�� A H[�I:�IN� :V�F�S A�� M�FtKET DE1�1�TV[J S"Tk�L��r' .�]�I7 f���'1'HEF� At.iT]-�C7f�I�F I��l�:��CE T� �"�?:'�11�UL�".�NT�. 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It ��ill r�t�t���i4i� t]�� r1��:1��� tiorre fu�- ���c�ml,���� d.� c,i'ter tf�eir tfyirirL�fzt� c+�i �����:1� suhEa7i[���f un� [I�e �rs�ti��� c�t� n��,�°it7�� f��e+.�ar� x� itlt a s�ltcti4,t� t�t t13� r���il��r E:I�,�� n,��lin�_ �L��'1'(:�1tTl'�'�� 1�,-�`C�:�; :'�. ��E���-I�f lp .``ii1l6l`]l`a111419Y j�414:L1I11�33P F3, ?tEYl:l E:Z].�� �,�'c,r�: E'l�a�g ��, r}ut�io� r�t���� — i�t-�}� Julie Cheney From: Jim Thares Sent: Monday, July 20, 2020 3:02 PM To: Julie Cheney Subject: RE: MSA $6,125.00 Julie, this is okay to pay. Please code to: 213-46301-431990 From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Monday, July 20, 2020 1:46 PM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: MSA $6,125.00 Jim Attached is Inv# R13731002.0-1 from MSA Professional Services for a housing needs and demand study. I see the study was approved back in March by the EDA. I have printed the meeting minutes with the approval for additional backup. Okay to pay $6,125.00? Please provide coding. Tha n ks, JuCie CFceney Finance Assistant City of Monticello 763-271-3205 Julie.CheneyC�ci.monticel lo.mn.us APC�ci.monticel lo.mn.us i.IdY C]F �� ���1�1��� Email correspondence to and from the City of Monticello government offices is subject to the Minnesotn Government Dntn Prnctices Act and mny be disclosed to third parties. i ��s��t�l�t � C4NSULTING GR�UP July 19, Z020 � l������� � �: �� ,! i.l ! ' , ::� ' i � invuice 2Gu� Angela Schumann, AiCP Cotnmunity Deveiapment Director City of Montieello 505 Walnut Street �'�:.�,�::,�.:Q, ���! ��?�� Fees for hotel market summary �'c�r Monticello, MN STR hotel data Am�unt i�ue Please remit to Hospitality Consulting Group, Inc. �315 Eureka Road Exeelsior, MN 5533� ID# 41-19275�2 � �:� ; � �.������.., _<�,.��, f•,��4lsiM�r.��V ;>3?�I I'hc�r�crl.�V=1�f'-I(,d9 h�,a�,upArE�,niail,c�acn . $Z,500 550 $3,�50 Julie Cheney From: Jim Thares Sent: Friday, July 17, 2020 3:39 PM To: A P Subject: RE: Hospitality Consulting Group 2002 inv. 7/19/20 $3050 Yes, please code to: 213-46301-431990 From: AP <AP@ci.monticello.mn.us> Sent: Friday, July 17, 2020 2:37 PM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: Hospitality Consulting Group 2002 inv. 7/19/20 $3050 Hi Jim, Is it okay to process payment on the attached invoice? Hospitality Consulting Group $3050. Please provide coding. Thank you, �u.��e chewe� Finance City of Monticello 763-271-3225 Debbie.davidsonC�ci.monticello.mn.us apC�ci.monticel lo.mn.us Emai! correspondence to and from the City of Montice!!o qovernment offices is subject to the Minnesota Government Data Practices Act and may be disdosed to third parties. 1 Julie Cheney From: Bullseye Property Management & Realty <mail@managebuilding.com> Sent: Wednesday, July 22, 2020 3:06 AM To: A P Subject: Lease statement for Broadway Parking Easement - COMMERCIAL - 2 as of 7/22/2020 � Bullseye Property Management & Realty Lease statement as of 2020-07-22 City of Monticello Economic Development Authority 35 Lake St Suite 500 Big Lake, MN 55309 Date Memo Prior balance 5/1 /2020 5/4/2020 6/1 /2020 6/11 /2020 7/1 /2020 7/15/2020 8/1 /2020 Common Area Maintenance Payment Common Area Maintenance Payment Common Area Maintenance Payment Common Area Maintenance /_�•1� I ii �; 3 [iI�L [i��S [ ! I_ ur't:111'iii $162.13 ($162.13) $162.13 ($162.13) $162.13 Balance $0.00 $162.13 $0.00 $162.13 $0.00 $162.13 ($162.13) $0.00 $162.13 $162.13 Balance due: $162.13 Payment is due on the 28th of the month. If payment isn't received, a one-time fee equal to 8% of recurring charges will be charged on the 29th of each month. Manage your account online: http://bullseyeproperties.managebuilding.com Bullseye Property Management & Realty 763-295-6566 Buildium@bullseye411.com Stay connected with the Resident Center app 1 Nortl-iIand Sccuritics, Ii1c. 150 Soutf� Fifth Street Suite 3300 �ilinneapolis, Ml� 5�E02 L'SA Voice: 612-8�1-�90� FaX: 61 Z-8.51-5951 Sold To: �itv of Monticellc� Sarah Rakhlisbcrber, f=in�ia�ce Dirceto�- 505 41'alnut Stre�t, Suite 1 Montice�Io, MN »362 Customer 1'O 2019 TII� Zleporting NaRTHLAND SE�URiTIES Payment Terms Net 3d Days Description servicc�s r�latcd to 2019 Annual Tl� 12eporting, T1F I`�1o. 22. �sc s�e enclosed dctail. �,� -����1� 2_ �31�+q° �1�, ���ti Check No: Sales Rep ID SuE�total Sales Tax Total Invoice Amounk Payrnent Received TOTAL �nvoice Invoice Number: 6133 Tn.vaice Date: 6/ 10/ 20 Page: 1 Due Date �/l0/20 Am oun� 990. QO • �.� 990.00 Main 612-$51-5900 ��o�i-Fre� 80Q-851-2920 � FaX 612-85I-5987 15Q 5outh Fifth S�eet, Suite 3300 I hiinneapolis, NIN �5402 N�rEhland5ecurities.tor� Meaiiber FINIiA ar�d SIPC, Re�stered iu+th SEC �rid MSRB Client: Projeek: _.. �� _� N4RTHLAND - PiJBLIC FINANCE `�_��. ` [N'VOjCE SUPPLEMENT Citv of Monticello 2019 Annual TIF Reporting, T�F No. 22 Contact: 5arah Rathli$berger Finance Director City r�f Monticello 50� Walnut Street Suite 1 Monticello, MN 553b2 Billing Period: May' 2020 Services Perforrned � Complete TIF 22 annu�l reporting form and prc� forma analysis • �alculate pooling for TIF 20 and pr� forma analysis Staff Time Expenses Tatal This Period Fee F#at Eee f�r TIF 22 Tokal Mileage Printing Other Tota] Expenses Prajeci Suntmary Tatal Budget Bil€ed This Period Billed Previous Budget Remaining x af Districts 1.00 1.00 Rate Billable $990 $990.�0 $Q.00 �990.�0 $O.DO $O.DO $0.00 $0.00 $99D.Oa $ 99Q.00 ($990.00) $0.00 $ - i\�orthland Se�curities, Inc. 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C:l�. Batcly Pa�� h�'; �ittt�.bt3�n1:° [na•c�ice !�'n: Tll�i'��I�l:'1.1(}EV �:1F E}�:PL�'��F F+�]T:�L: � �S,OOD ��YPE��1���D vo�ch�r,xJs � �'� , ����.-_ - - " D,�FE; 7I�1�1��0 S11+I�LL BUSII�E�� EPv���t�E�i��4f A���Y�"�'.AI�1�E. �i�Al'aTT AG�iE1V�E3VT � '1�his C�'iran� ,���rc�mer�t �.`A��reemen[.,} is made this day of ,�[}2C�, b��t5�een �F�e �'il}f �F �vl�nli��Jlc� Ecc�n�mic L7e��eio�+n�ent Authc+rity�, � pr�blic body� cs�r�ot°s�e and �T{Ifltf�� +�F1C� �}C�I1�P�, SLtla�1VIS1(397 f��CFI� ����� {19 �+�111T1C5L7�j� �.�{_ir�ntr�r"�} ara� the Mc�n�ic�el�o C�iarr�bee ��f �:om�n�rce � lita�astry�, a h�fie�nesota S�l�c)6 {''�rantee�.), FtF����LS .�. Gr�n�ar h�as �eeated its �m�l] Business Fa�7er��iy�}� .�ss�stai��e (ir~�i�! Pro���artti {tlye ,.I'rc��;ram"j and 9�a� �p�rc����� �uici�len�� fc}r 4h� �'r���rram (the .,f'r��,'rarr� 4:�uid�:linc-�;'°)_ �, Grantee ���s subr�xrtted �n �pplic�ti�r� for a r��rant {t}��''Geaiit .�p�ltca�i�rl''j ��nc�er t}se Yr4,�ran� [a�id�li�e�, anc� �r�r�t�r �.�� apprc}kre€� a�rar�l �� thc f,�rantcc ir� 1hc� �mo��€�t c}f ��,�IC�CI {the ..Gea�st") to pay� r� �trartic��� [�f th� �x�rens�.s (the "[_�rant A�:�ivities"} dc�crihed iet thc Gra��t A�i�Jicdtic�n, in cyannc.clir��t +,vit� C��asttee's C:h�m[�er of �t�ma�er�.e �ie Indu�ir}' Jncate� a� 2(15 Pinc �trcel in ilt� C'it}� nf Mni�tice9ln, hrSinn�s�ta (t7re'"Cit;,�";I. C', Tf�� �irai}i€a� �ncl Gra�tee urish t.� incmnriali,�� th�c tcr�n� tr(` Ei�c C�r�n� ias Ihis .A�Fre�inen[. r��CQF�QT1�+�aLY, [he p��i�:s a�Trce as foll�y�•s� �_ 7'i�� {�ea�at ,�nlns�rit� Sub�ect t�r the t�rrv�s of shis r'��ement, i�e Pro���m Ca�aide]incs, a�nd �f�e �rant A��]iGstioit (tagether, thc "Gr�r�t Do�un�enls„), C'r['�R�C�F 3�[:� L4� �rgrl[ 14� �irBRiC� ihC su�n t�f �ve thc��a��r�cl �rad n�?`1 i1{lths f3nll�� ���,[]{]��j. `Fh�. (irant ���il b� ���d k��� Grantor to �Srr�ri��e �c3r #h� [�r3nt .A�si��Elic� ���7rpti�c€� u�icier [i�e Cean[ Dn�cumer�t^� in s�c�.€�rria�y�c ���ith 5�cai�n � h�reaf, L. Ps men ofGrancl�roce�ds. (a) �7`h� ��r;�n� +��ri81 b� }�aid t� �`irant� in accardar}ec u�sth �hc �r.rFn� �znd c.can�itir�ns oF tlae Cira�at �acaarnent�. 7�t�e �r�nt�c ���ce� th�t ��y c��stc c7f e�3e �r�nt Acti��ities ex���dir�g �I�e amc�u�t ic� b+: p�id �.,nc{�r this A�reern�t�t �re the sole respc�nsibility nf th� (�irant��_ �:b;1 Tl�e {Trantt�r +.+•ii! �a}° lh� C�rsrrt �s� Crant��e c��s�.e t}ie Gr��stc�r h��� eec��v�d fr�sm C;rant�e, v4'il�lout �:c��.ntir; t�r C�rr�sr�l[�e, a� �ign�d �apy of-th�s ��r�emeni, �e �epresentati�t�s and �'arr�ntie�. {�r�otii�c et.�re�s�nts sn�i w�arrants t+� C;rantQr #���: (x� {��r�n[ee is auth�riz�d tc: si�n, d�li���r, anci pc.rf�rm tE,i� Agr�ement and �a reee�ve t�e �r�a�t fi��+rn C�r�nior_ (b) Gran�e� a���ees ih�t i� ��•'sfl �ec�a an� �naint�i�� b�c�ks. r�cc�rc{�, and c�titer �ocumer�ls ��:la�in� �ire�.�l�� t�+ the recei�st ar,d p�}'rr��nt c�f (.?���t }�rr�c�.eds an�! that an}� �t��}��sriz�d re�r�sent�dive 4f Cr�ir�tnr, v��iif� re�s�i7ab1� advar�cc n��t���. ��}� C�ave s�cces� Icf and ti�e rigE7e �t�s in4�ac�, �ap}�, sudi� �n�i ��;a�iine a!! su�ff b��.k5, ���r}r�ls, �nd �rt�rr.r d�c�ments �f� Grar�t�e r�k�i�e�l te� t�ae C_irarat un�il C�r�e�tee pr���ides i�s �ina] r��ac}rt ta Cira�d�r_ �c) Z'+� the h��t taf far�rtt�'s ]c�7or��7ed��, {`ar�anse� ]tias Full�° �ornplir� vw�ith aJ� �pp�i��k,le s�ase la�v� �e���n�hl�� rel�k�a�t to [his A�rr�mc°�til. and u��il] cor�tinue �c� �:c�mp�� thrnrr�,l7��u[ rhe �err�� a7f this Agrefimcrs]. ]f- si ar3�,� t�mc Cara���iee ee�ei�°es rt��i�e c�fi no�tc�a�t�li�nce f'roaa� a��yr° go�•et�rettental tn�at�°, �ra��te�e agre�s �r� �akc ar�}� n�c��s�rk� a+��icrn �c? ec,�m�r��� �ti=ith tl�e �'t��. lae�� an �taestac�si. (�i) �irai�tee wr�ill u�� ti�e proceeds o� th� C�e�rr� m�de k��` Cirar�te�r onl}� €'nr th� �rant Acii��iucw, an� v��'sthtr� C��Q d�y�s aft�� ��e date o�t�tis .��eement, �;�a�,[ce v��iE3 pra��s.d� t� �r�r�t�+r s� ��°ritin� � brief rep�rt {lil��e i��e �x�a�pie in�lu�ed ir, th� {irant A�i�1�ICc�tIC1F1'�, sla�in� ]�ok� a�l c�f �F�c {;rant iuncls h��°e been us�d 31tti �1f0'�'I£�I�1�T �Vk��17�� in tht. fc�nn af �]al� iCl1�C}j[�CS, .54dtemeti7t5, t7r Sir��i18T_ 4_ 1��a �3�sanes� Subsr���. i-he p�rtF�.� ���ree lh�� the �;rarst is n�t a��sin�.ss �u�rsid�� as d�17n�d �n h�9�nneu7�a �Eatutcs, Sectiar�� ] ] �3,9�J;3 u� ] ]fi,l,995, �� ai�n�sld�d (�h� "�3u�inc;�� �ubsi+��� �r.i-�1, hc�.ause Rh� �ss�s�nee iw in �ar� an�oua�t less t}3:�n .$] �{l,[}�{�_ Qira�rmni flC�sie�rl, (a�� �ra��t�e a�.��s t�r incic,rinif;, a�,air�st alid e�F �tc�r'Ici ��r�ntcar. �nd il� offkcers, 3�a:rr��, anc� �:n�pi�o�sees, I�arrrrless nf arf�d Crc}m an}�° �n�i zJl lia�ility, Icrss, ur d�m��� rl��s� it rraa�� islct��� �€ni�c:r i�r b}� reasarr of t9�is .4greerr�ent, ;�r�� nf` �n€� fr���� an}° ar�� �I I ci�im� ���d cierna��d� �.�hatsou��cr lh�d ma;+� he ,��se�t�,� ��ainst +��ran��e kaw� r���on o1' �n+�` ��Ile�,e,� ��hli�.ati�,i�� r�r undertakiryg� nn i�� �Sart tr, p�rf'n�i �r d�scl�ar�e art}� saf'thr t�rma, c:c}��e�rraflts, er agrc�n�cnt5 ��ntaine�i I1cYetr]_ . (�� ��'I�is in�i�cmnif'���t�c�s� �nd lacakd hannless prowisie��r �r8il! sun�i��e ch� �recutG�n, JE:lik�ery�, t�p�r� perf�rrn��nce c�f #hiy ��re�men� �nd ih� p�}��ent t�y �rantar �,�ar�y° pc�rai�,n c�f tf7e �ir:�:rt. 1cj :��I[}t�llfl�', JCI iIlJS A�.re�r�ter7� +���ili C[3f15111L1I� � k'�'�Jb�r O� QC' IC�T7][�lJC3CL [)73 dCF]� i�rrix7udtit}� from (ar jan�it�l]U� [�i1 Il��a]]t4' t+� w��t]CFl �r�ntiei i4 errlil���I Un��G I�w.�- ��ISC�e�317�DLIS, (a) V4�ai}�er. Tl�e perfonnaet�e nr a,hser+��arr�c c�f' �ny� prc�mise cse cn�e��iti��� �et f�rtf� irti thi� ,�s��rccment rrraa be ti+���k��cd, a�r���tid�d, ar m�r�difi�:d nnlw b}� a u�ritin� si�ned bv Cir��ntee �r3d �r�nxur. �:�s d�l�y iro th� c:�crci��. c�f an?�• ��w�e�r, ri�ht. or rern�€�y� op�ratc� as � �w��i��er th�r�c�f, nnr s�all an�� singi� �a� partla� �^�et�r�e t�f ar�}' ir[h�r �csu�ee, ri�3�t, c�e ren7c�ci}•, (b) r�ssi� n��* �ent_ This .��r�ement i� �i�rdin� ��r�n �h�: Rastacs, �'1!'[ ri�;hls �si�d }���+'er� s�aetift:all� confero`ed �t�t� C'ir�'��or n��}� l'�e lea�t54�ereed nr dele�.�t�.�i �ay �ran�{�r tc� a���� �Ix its st�ccessors a�7d as�i�ns. Cer�in«e's n�,hts �n�i ubli�;ation� u���ier shi� A�recn,cni Tna;�� b� �ssi�ned or�ly u�hen such ��sigrtrr��r�t is a�pr�ve�d in ���-itin� I�y �C;rantor, (cj Gia+��er�tiis�s� L.,�w�. Ti�is A�ree3ner�l is made and shall be �o���r�e�d t�� �11 r��p�cts by° tl�c la��s nfthe state aflv�inn�sata, .�4nv disp�rtes, ca�ntr�v�rsies, or�lsir�s ari3in� c�ul c�f �his ,A��rcement sh�IJ k�e 9��rd in the st�te €�r federa9 c�ur�s of Mir�Eye�n#�. and alf p���i�5 �o this �k��reemen! uai��e a�}� 4bj�ii�n t� the j��iscfictian a� th�se c��arts, ��h��her ��sed c�n ct�nvenie�c� or�Eher+n�ise, �[d) S�v�rabil� �,�_ If any� �rc}vision nr a�r��iea�inn r�f t�t�s A�r��rne�t �s h�Cd �nl��,�f�al ar unenforce��i�� in �ry�� r�spe�.t, su+ch ill��alit}� or un�r�fi>rc�bili�y �hall n�rl a�f`cc! �eher peo��isio��s or app3ic�tions th�t �an be gi;�ei� et�ect. ar�d thi.s Agre�rr�erz� sh�ll tr�e ��n�tru�d a� �� tl�e unlawfut �r tianenf�rc�ahl� pnar��rsi�n ar application i7�d azer��er f�e�r� ul7rl18iri�[� �Cr�efn �F�r�S�ri��i }��CC�SY- (�} 1�'€��ic�. �II notices required t�ere�i�der shall be gi+,�en by de�aositing in �tre L?,�_ mail, pasfa,�� peep�id. �ertified m�il. f�tum reeeipt re�uested. �o �iye fcill�w•�il�g addr�ss�s (�rsu�h i}if�crarfdre�s�s �s ciiher �ar[y ma}� nc�tifv lk��e c�thcr): -fo C'i�an�ar: Cety �f �Ion�ieePl� Ecc��tiomic De��eQo�men� Authc�rwty SQ5 �'�f�lr�ut Street, S��te 1 �'€�+ c�f Ml���ti��ll��, ��T�' S536� A�[n: Ji,r, Thares. Exeeuti��� I��re�tar "J-n [ �r�nt�:c: l��rar7tie� lii} [.haril��� t,f�C`�?i��mrr�� � Ia�d��ir}, 2(75 Pon� :Sir�e! P.{�. F3ox ] 42 P�ic�n�ieella, ?�'l�l 553b�. 11���r�: h9aecy� An�i�rscyn (f} Termin�itican_ �n t�re dste t�,e �rrant�r rec�ives C`arant�e's w�ratten rep�rt or� C`ir��it�c'� ea�Rendit�re of Grant proc�cd� as de�c�i�cc� an �raragr�p'� 3(i� t3f t�r�s ,�gr�cc:m�nt. �his A�rcem�n� ��ill iCrCn�n$[e an�i neilh�r pxr��� u�ill ha��e anu further ��,liga�i��r ccr the oth+�r, {,}�j �rrtir� .�� r�rc�mcn�. �]"his Agreert�ent, �a�erh�r +�vith the Grand ��c�ments, i.s the �ntir� staterr��nt nf ��reen��ns L�etweer� tf��e +C�rar�t�r s�d C`,rantee regardkn� xhe �r�ni. iN `4�'l�?��:sS �°�HERE(]F, l�tis h�,rC�:Tri�rit i1�5 ���tl di�l� executec� and c�eli►��.r�:ci t�� tF�� ��rn�er {�1�i��a�s tl�ereunta c�ti9�� autht�ri;c�:r� c�r� ih� il�y ��rtcj y��.�r` tit'�t u7[tt�tt ahn���_ {.i�F���l"[�)f�'_ ('C-I�'Y' �}i� f�9[)1ti�1'I�:ELL� E�.'�l;ti[�MIL° I)ls�'I:L.(.11'f�31�.;ti�E� .�[.i'��11�����.�T� �'�� ��ic.;N��Tl1F��: I'AGE TO Gf�A°+�T r�[.�F���:�F.Iv'r �-f�Et�h�T�R� �i�,,�1�'T�E� ��1�01�117CE�.�.� C1iA1�7BEF� [��� �:G�1��i1���iR�:�: � E� I}L: `�-I-1� Y I�� f3}F��� ' � � � , � �f�il�e= � ' ' �� a�����a�i'�.;�� �a�c� �r�o c:�a�;T ac����r�r� - c:�z��r�r��:] os;eu�.:•, i^� t� i na;. � t� o_ ;;� � cienit�nci. F�i�}Zt�t'�1 l�;�l�t�it�r. C'��F �a�� � re��ress:a�t�ti��� c��-Ila� �Sp-t��eri� c��ti��tie�-, ���rr�����L� 4Ll�k}](}]"[ ji?C th� cic:���lc,�,�i}e��t �ra'��j�ct, �il� �'a�3�er nc7���i that tFr� ��i,�c}�;��1 �rc:+je.ct se:rr�cY� t�n ui��i�.rs�r��� ����ulati��n, e��en �r��itll tl7e �Z���� a�3j:+������� t���ats. �'�-ac�� �iir�� �,l�c, �nc��ur:����1 th� cxt�l�r F f�.A� me�itik��rs tca �c�r�s��Ecr �his ��r��jcct �-lit't�.re��t fr��c�t c�th�r 9��]u�i�}� ���c�je�ts, I-he F[�:1 nc�E�� th�. link E,ctk��:�.r� �uer�t���:rcitti dti���J���tYi�tit at7i� k��rkt�rri:e �c}l�sin�. Tf�.��'�' I I��E� f��1(��'�:T� Tc� .�f����'-C Ft���"�1_tl�l-Zf)'�J ��{)°�(}ai�7 L�I�c�Ft�l°��r L�L'f�F�' U����LC��"�l�:�l�.� PF����'{�:��C] �;-�.J�1IT �..IHTC' .�P.-�RT4�1F.d�f'�� I��4'�L��I'�fL:1��1 .•��i1� -�-���: �:��L c�E� ���<<= z�r�.��s r2��*�c�� �Tc� r-�i.,�., ��r t�fi•�TT1FiF� F�.�1I�i1�[� c�.a�� ���- ��C1f}.{7�J�} T:'-_ 13II:I, �!-f1PI'L.1�. ��:=�'(]?�;L�LI� `�'�1L. ��tC1TI(_}l�. ���(_}��'1t31�; C'.�f�RIFI�. 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L�et+.�•eeri [kac C:�l� of '49c�r1ti��ll�r f'cc,nc�mic L��ti�el��f�i�i�r�t .Auel�a�e:t�•, {# p�ablic bca�i�.� c4,rpc�r�te anei �ac�litE�. �nii p�litrc.�] ��ihc�a��isi�n ot` �l,e 5d�te cat �1�tini�c�t�1;� ("�rra�ytt�r,�} atic� f�u�tcch Cir�ui�i�. a ��titti�7��,;�la �r:�i�nersh�p ("(ir���t��"1. !� ��' I �'f�a LS .�. ��ra�atttr li��s wrcat��t i�: Srrtall ��us�nc�s �i��.e�enc� .�s�i���r3�ee C;,{��tt Prcr��G�q�r� iil�� Pr�a����i��`"1 �i��� 17�1s ap��esF���i �.uic�clin�w ti,r tf�� !'rn�r�r�� (t13e "F'rc��ram �G�iis�rli�cs-'1. !�_ �irt�n[�.e t�as suk����itt�ci �n a�p�,lictilior� iu�° a�r�nC �[3��'"Cir:ir7� .�p�il����lit�n�-) tatt�ier Ch� P'ri��rt�m Ciuid�lin�.s. and C'Fr��7�c�r has ��E�ri?��ed � ��rair4 tc� f�c �f:;rctr3t�°e in th� am�,ur�t c,f �v.(�CJ{� �tlrr "(ara��t"j [4� �;��� a ����rti�i� €r�` cl�� ex�a�n�;c:� �th� `�C�r�tnt .�eti��iti�w°`} �r��ri�cci in EP�� �;rar�t `�PPlic�itic.;�7. ip} cc,rin�ctic-�rt ��i�h C�r{�i�t�:e�� i�ticrc�i�r�����:r�� l�:a�F3t�;�1 ��i 1 U� 1�' 3r`' *iteeec isy tl�� �'it�° �i- h�9nna iccl Ic�. ��9 im�es�t� {�i�e `°C`it�°°' j. 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(aj �'i�� �r��;�r�t �h�iNi ii� ���itii tE� {ia�s�tC��: ic� �ti�t�r�;�n��; ��i[h [It� I�nrt, ,sncl cd,niiiAii7n� c�l� Khe (ara�7t L�i,ct�inErtt�_ TE�c (;e�;��t�t ;i�i-��;� th�t an�� cc�sl� c�1� �h� ( �r�i�t :�E�ti� i�ie� execerli�j� t1�4 ,omEr�ir�i t+.? �i� �.Bl+.� kkI1L��C CI1J5 i��C��:�ll�rli aC� tllt; SC]JE Y�5�1:����it�ilit,�� t�1'�h� �r{�ns�c. �b) �T1i� (�r�ntcrr u il l}�.1�° t93e [ar���3t tc± �rrant�e �,rtc� tf3� �C;�•��itt-ar ]��s r���;eEx c� t�rc�rn �ir�a��tc�, k��itl�nut ���,en�e [t� CR1��3r1Rt�r, �i �� �ne�i ���p� c�f ll� is ;i��r�ein�:n�. 3o Re�rese��t��innsaaril �`arr;�r7ti��_ C�r�,ni��: re,�r�:s�r�tsanc� }��;�rr��n�s icr �;ra�lt,rli7�l; f;af !C.Ifil93l�'� os ��aal��s�i7e� tn �i���_ �cli��e. �r7�1 T>�rfaa�t�� ta�is .A.��°��nren� arrd t�� reczi�� tl�� C;r�n� f���,rrt [;r�r�tc�r. {L,j �Prt�nt�� ,��r�.e;:s th�t i[ �h�911 ���� ari�i n7�in[�ir� b��ks. r�ct�rcis. .�rj� ��tl��r �c�c�i�t}�itit� r�l�tii7� dir�i;tl�,� ti� �!}e ��rei�at ar}d �a��tt�nt c,i� C�ra�7� E�rr�ceeds �ris� �����t ��7}� autlrisriaccl r��r�su��t��ti�°e nf` [ir���ti,r, ��itlt r��i;�c�nrkb�c ;�dv���ce n�tic�, n7��� h;�t � acet�s ttis �rr�i [!3� ri�l�t ta ict���R, ci���°. a�4�dit. �a�ci ��ti�Et�in� itll sueft li�x��,a„ rc�c}u�ds, ;�nci c}tl~�.e dc,�urri�n�s s,}i C'r;�n[Lc euf�[en1 t€� tl�� Cir�i�� ��nfil (�aranlcc �rovac��:s its i'�ntil r��s�+it tc} C�raE�t;,r. ��j �T'4+ li�� L�e;�t c�f Cil�antee's krtinxa,���ed�,�, Gr{�nit� h�a� �`i�Mi}` ct����plied ���itl7 all ��ppli�:�k�le s��t� ]a���s rea����aahl� r�Ce��nt to thps .A�reeifi�efyt ����i ���ill �,�.�r3ti�7t�� tt'� ��»npl� �17rc�u�?hrr��t tla� t�rm i�f this �lgreettl�n[_ f� at ;if11�' II]11C �ir�ettcc. ���ei}��s r�c�tice t�t- nc}nec���3}�lia��,c� �r�ri�� �r3� �c-rk�rnrri�nR.tb c.n[�t��. �.i��ante� agr�e5 �c� t:�ke �rr�� r��c�ssE�r;�� ��lii�n tc� �.ti�rr��il� �+iih �hc s��tc �t�t�� i�� qu�sti�rn_ y (c�1 (��t�rrs�c �}�ill use the �rn��c,15 ia�' �he (�rr�r�t »itMci� k��� {Jr��ntc,r �}nl}� fnr tl�e [ar��i7t .�rti��ite��_ �s��i t� stlri�� �it� da�ti :�I't:.�e 117s� ciake 41�'tl7i� ."4�;r��in���t, C;i���tcc �� id] �rr�,��is3� �n C;�:°���t{;e i�� 1Sf11113L� il k�riil� rcp��n (li�c the e^�arn�a6� in�[ur��� i�, lh� ��r;t�tie ���,�rlicaiic�ni, staai�34 V��7+s all 4�i` th� {;raryt f��irtid� i�:��e hc�,� 4�;�c�1 ai��i }�rt��eiii��� c�icien�.� iri th� i�,��e�5 i,f` p�it:l irti°e,i���, �[;�1�rn�n1�, a�T aimiltar, �. 'V�, f3u�sic��s> Sukasi�i�_ �1i� �r�rli�a t��re.� tht�t �h� (:.�r�n� iti r14,t a l�u�i3��s� suk,si4�i+, a� d��in�� i�r '1�innc5c?!KM SIf�C�itcs. 5�.ct`st}a7s 1]G,J_���� to I Ifi_P.�i�S, �w �riye�ac�c�l �;.th� "�u:�in�ss Suk��ici�� :'�c.�'. f, 1,���a��se the ��cist;�nr� is io� a� a�rtic�u��t 1��5 th��n `� I S�l.�){�CI. it�C���yyaaif�c:�tic�i�_ (a} Cai�n�ee a�r�e� t�, it��ieaaanif�� a4,'aietis� an� �ir Ii��Iif C�ran�t,r, a��� i��. t�aff�4ei-�, :���nt�, �ar�,.j tr77�ila�or��, �tt�nril��s cri� �etcl �i�c,m :�ry� ,�i�c1 ;�11 li��+ilft�. lc?:��, �}r �ia��;��� tli�t 'rt ni,�r iricur �c����r c�r bv i�:�si�n c}t� tliiw e•°iLr��r��ea�t. �n� c�i� �n� i'r�r�� arl�� .�n€i �II c:I��i��1� �n�! ��a�7;�i7d�. tw�Ilatsn����i°~�l�at rna�' t�� a��enL�i au�';ain�s Car.�nt�}r ka�� r�a,�wi}r� i�f� �r�� a114�c£1 i�t�li�a�it���w d,� �,���l��ha�:in��� �}n ils �;�r� sc� �ac�rf'n�n� �+r di��h�zr�� ��n�� c}1"the ie:rons. ���}�tna�its. c�r a�e�� iTien�s cr�a�t;�ined h�r�er7. (�S� �ll�is i�a�i�inr�ificaa:ic,n ar�cf ht,lci h�r�fi�leaw pr�-t^� i>i�rt ���il� �ta��i��� tf7c e��cutinr7, d�lit�er�•. �E�d p�crii�rm�i7�� i5��tl�is r"����rnens ��rs.i �F��: p���m��al b}� f�a-;�r�ic}r r3i�a�a:r° �e��•ai,:�aa {�f� kf�e Cirtant. �ek '���thiw�� in thi:� ,�1�re�ment txi�l c�r��t3tut� r� �,°ai�,�r c�l'c�r liinia�tii�� 4,i� ain�, 11111114k�1llL i�rc���3 �7r IirTzitatinty �7n Ii:l�?1�9E'4' li.� '4��lICIl Cil'�flk�4'c is �nti�l��# un�j�i� �,w���. �� iscelVaiy� 4}us, (.a1 ����i}��r. 'rh� ��i�t"i�n�7�n�:� c�r t����r��n�� c�f �rt� �r�rrr�is� cr�� ci3ndi�ii��3 set f�+i�th in �his .-iere+:.m�i�t may be �+�a�ereci. an�cn�l�d. �;r mc�c3ifi.ad �7n1�� b;° �}��ritir��; :�i��tccf h� �.i�arikce anci Crfaiist�e_ l�i� �f�l��,� ir� th� �x�rcis� n��«k� �r�;���cr. ri�.��t, c�e rer�Ye��� ��rcr��t�.s �iw �a +�4�;r���c:r �iie�-�c�€: i3�rr shal] ��r�� sin�*I�. �?s �;�rtitwl �xtr�i�e �s�`an�� �?i���r �r[���•�r. ri�}�t, nr r�e337ec�k�. ll,j ,�'4ssi�nn,�n[. �7�Izis ,�+>r����tertt i:� hir�din� u����r� th� ���rt�es, ,"�II i•u�h�s �nc� p��+•�urs sp�cific<<Ilt �c���derrecl 4e�3c,n Clf��eelc}�- ni��}� k�4 �r�anwf�Pr��i c�r d�le�;ate� f��� Cirante�c te� z11�}� r�t�its s�icc���.r,rs arid assi���s, (_irK°�i3tei:'s si�l�ts �nti arbli��uic�ii.a �d��r��r lhi� ,'��.re�e�ti�i�t irr��� � F k� �sti���act 4}a�i� k'�'�1CIi illGfl B�SCE?I91fil�t�� iS ii�'+�1f[?1`L4� Ill V.'�"�U[�� Lik^ C1P;ii�t{?r. �:�) {�����i:ri��n� Laxa_ Tptiis A�r�cmaais is �ad� ���7d s���i] he �����er��c� ii� a�ll resp�cts h�a� tl�� la���� t�f th� st�lc �tl' ��1inn�s4,ta. Arx�;� �iis�iux�s, �[�nsr�a���esie.�s, ��e �I'aims as�is¢a�� [�EEt ��f this A�r��rn���t sl��,fl �e he�rd in ta�e �t��e or f+�ci����l cs�4trts crf ��1i�3nest�t�t, ��ici ,a11 �Sani�s �� this ��;reert7ent �a��ik�� �in� cxb�e�.tinma tn tJ�e juri�c€i�lic�n crf t8��s�: ���urt�. �.�l�etit�r k��s�d c�n ei}r����nience �e c�th�r4��is�. . . ��� ��ver���il9tv. Ef a�ti�� �r€��� i�i�i�n c�r ��ppl�cati+�n Qt tiyi� A�r�eer��ei7� is ��el�� un��l�ti�f�u1 4�r u�iertfi�rc�.ak�le in �r�� respect. �u�h il���.al�t+, c3� u���.n�irr�e�bilit�� ::��;�If rw��t �F�'ect ntf�er �a������e�ic'n� c+r �P�lica�i€�t7s that can he �ivc�� �:f�i�G, �ncf Chis h�reemens �1���] he ��}n�tr��c� �� if th� u�jln���fuP ��r ��ntnl��rc�ti�rl� pru��isi�;n �i� a���iic�ti��� lyad ������r h�tn cc�rytained f7�r�in ��� pre��rohed h�rek���, �e) T�'t�Sie�, ,�il� Il[]�6Ct� C�L�UII'�� �lEi�Llll{��3' SiI��I i}� �ia��n k�} �I�p��sitin� iv� ahe U.�, m��il. �a��sl��e �re��aid, ceetifi�� rrs.ial, r�iurrs i�c�ipl r°equest�d, tc, tf�e t�rllt�tik°in� t�ddresses ���r sucl� �th�:r �c��irc�s�s f�s �i�her part� 9��ay i��r�it�� tf�� a�ther)_ ��� Gr�nkt�r: �'it} nF' �al�ri�ticef�n I:c�,itiniili� f)ek'elca�rmenl ,�l�tftc�ril�: �f]� 11`�Ir�u[ �tree�, �ui4c I C:'i6�� t�l' 1�1cre�iic�ll�7. h�'f''� S��Gi .�'�ttty: Jirr� �f�l�ares_ E:�c�cutix r f]irt�[ur � l± 4 r�'E3tt�C'4: }�' 11tiI4�f'� f.�{'4 �� Ilt� �{}5 '�°�� ��'" �LE'tt.t �.{l�riticcl I�}. .�'N� �5 �62 ,�1lda�. F3iIB f�urt (�} l.cnninatec�n, Clr� lhe da�� tl�� �Grantor r-ecei��es C;rai�tee's vq�i-i�t�.rt r�.pc�r� ��y C;ra»�re'� �r��ttiditur� c�+f� C;�•�r�t �,rt-��eer�s �s dc��rih��l in �r;�s-��e��}'� :3(f� tial' GN�is A�r�ei��er7t, rl3g� ���e��nc�tt �,ill t�r�riin;�t+; s�nc� r�aiiher p�rt�� uilJ h���°c ti�i}° funlirr c�hli�;a���;,�a �c� �he c,th�r, {.�,1 ���tir� 11:�r��°r��nt, This Agr��ment� ��}�+��licr +k�itl� [iic {Jr�nl I)o�t�m�nt�o is l�ie �n[ire �t�t�inei�a of ��r�:em��� Lx:i��•eei� t1�c �i�•antor and Ciran�ee regard`u�� the Cii�nte ;� I�l 1�`��1'��;5� '�°'�iER.�.�7��, thi� fl��ree€r�e��t }�a� ��'�;rt d�91}� �'���:ut�d �nd ����r��e��ed by tF�e �3r��er c�fi�i�:�rs t}trr��nli� c�u��` �iRiiF1{API7�� 47P7 t}l� i�c"11' �t�d y��s i �rs! v�ri�l�:i� �ibav�_ (:a I�h'.�] T� � _ CITY �lh' ������-�I�'EI.,Lr� ECt�i�1i�[��rC' I]f:'�+f�l:t�Y�4�[v�T ALfTHt��.I��' � .� � ' �' ,.��, � B�v: � .,.�_.i.___r.� lt� Presic��nt , �; �� Its F� ii�°e 1?ire�t�st ��Fc.nAT`L.��i� �.�(;r! -r(� (;�tnlv7' A�.FRF.FMF�:'T- GFLANT[��J � [r�r'���E �_�: r����Tr��� ��,������� — ,a ' 4 �����~'� � s- E3 � � `��, T6tic; �� �i:C� ISI�h�.#�L�RE I�ri�E i"Cti Glt.�1�T d1�(titE��11�:�T` � Gfi�ti'fEEJ •..wn�.;=i�t' :4�1ti1 h1Y1HU-Ii;Y i�L']1lJfiC�, f�R�h��•c! 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T�-.�c�� ��i��z t�l��� e€�cc��ara�;�c� t)�e c�t}��r �:I]:� n1�mk��rs to �:onsi��r this F��•�j��.t d�t�t�re��r i�rc3�r� c�thti° hc�e��ij�� �r��jects, ��t�� �-:I�� nc}tecl the� firYk d���x����1 c��»nria�rciaC d�.���.1c���n�ent aT�cl ��-�rkf��r�c �r�t��ir��- TR,��'S�' Hl[�!� ��I�)�'FT] T�};-lLl(_l���l` ItL.�()i_[��'IC��; =L[��f�-(]7 ��;f�i)i��l��, L�Ur�I•'�' ���`LLc�i}���=.�T'� I����}��S�r� � ;-�.�riT 1viIIT�� .���_���rn�i���' �F��ELc�F����Lr�T ��rvr� �1�B�E•: �LJ�F [�)�' TIF ,�►�;�1*,�"�1-�l"tiC'I�: T[3 F1��L r�I'�1 11��iti-1-I�IF1� F[_'.NL�I1�t� �(_.i.-�i' [?F ��+�['�.��f1C� � �°-, I�rLL �1�.'1Yf'�F{ SFC'[��I)�U `I�HL ��1f)TI{}i�, ��1�1"r�lf��! 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J�n� 1"h�r�� in�ica�eci tl��t si� �r�ilt applic�t��ns ����rc r�c�i��e�i €c�e �I,e FC)t�`� �m��! 13�isirx�:ss F.,n���-�e3�c� �ranc, � ie �7�t�.d t��t �ppli�.�tions +���yr� r��:�i��e� �►�-ic�r �c� the rriee�ine ��id ti�at ��aff re��t����ed �a��i of thcm_ �1-h�:� ����r�� �11 n�.�t�e�i as cc��i���lete suk3�rri�tals v��itli ���1� busir�css �n�l�c:�tir��, diszress c��c F�� th�. �ancle�r,i�. Thaa-e� ���inled �4�t that i�a� I��1��Zti�ell� C:��ar�ib�r �f C'i�mn��rt�. R In�lus�r��. �;�f�l i�:1(�), ��.-�s c�ne �[ th� ;�p��li����i�n� recei��.d ����t i�c�es nc�t c��alife• a� a�nl�ll bu�it�e�s p�r tE�e �erret�s�k� �t tlie St�-�tL, L�titc:. tc� tlicir c�r�iLTllfsi{LLC�IL2�1 c�te�,�ry, tl�e�� �rc 1is�e�i�,ibl� for rnati� c,f� th�: ��:d�rai �r�:d �;tad� ��si�t�n�e �r���ram�, iozcludin�, Y'�f', ���'ftarc:s noted that man}r c��� th�.ir d�i�niirt�i�er� 1��.��� �e�a� �a���elet� t�r pc�stp�tti�ed a�Y�i tY��ir ���nl��;rslis� rate� �����e ciecEir,�d r�ue tc� the ��nciernic. A+�ar��� Anders�ri. 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(ieanit�r akr��.; tt� �rari4 ��i Cir;ri�t�.� thi: 4LIIT1 L)C tl�'� [Il(1lJS��11[I :�a�� ��t?: I�a�i�fr� 11�;91,�rs {.�y?_{1i�6?�� �I�fi� ��r-{u�s utfl h� p��Rc� h�� (.�r�r�t�irtr� [;ra��t�� ��t�r il�� C;r��3t �ctit i4i�s aY���a�c�e°e� �rntl��r ��7� (�ran� �k}�trrri�r�ts iiti ac cc,r,Jancc xr��4t17 `��ctic}�q ? 1�4c-c���. i. 1'a, iro�en� <a6{�r�na I'e�,�4441�_ (��} 1'he {=�rarf[ k�,•ill �+� ��id t�n Csrai3t�� on �c�:i�eci�t�a�w �+°itf7 tl�e terr��� d7i�d ct,r�diti��rj�s ot� tEi� Cirai�t L�crc4�m�iits, Thc C�r�r�t�� a�t•ees ����t �no cu�:Aw ��f thti� (�.�r;ir�4 �ctiritics �xcc�:ciin� �h� a,i7t�ur�� tn [�e S��ici iin�ier ti�ds ;lc��c�ner�t z�r�: tf7e sc�l� r�s�ai�nsihilit�� o�`�I�e G���nte�. lh} `�'9�c [;r;�nt���r x�i�E p�} a��e C.i�-tint s�� C�r�i��t�e t�admce €�ye �Cirai7t��r laaw G-�:�ei��� f6'l5!]1 ��]'JE1tCC. 4'e ll�ll}lal �:.��4f114 �[.] I.�I'�[1�i31'_ fl St�;t��l� 4"L1F}�,' Clj I�ItS l�LT��TTll9]l. �_ f�e��e����tiMii�}ns t�ncl 1�1'�rra�titt�s. Cir��s�tee re�rrescnt� a�7d ti��arr�nts t� � ird��tc�r tha�; {��9 C.;ra��l+:�: is au�l�crs�iz�l ta s��r�. cieli���r, �rt� perf��7tti �l�i� .A�z�c4r,i�r'�i ��n� �r, ��cei+��� t17e �r�a��t !'���77 Graiilc}r. {k�) {.ar��nle�e a�;r�+;� �hat i� r��ill ��ep aair� it'raint;�in lx�c�ks. r��4}rr��, anci ;7�I�rr ��rscum���i� re1:�tii��, dil�ec�l�° to ih� �i��i�rt ari� �a��ment �rd� (_ie�r�i �,r�nce�d� ����1 [17at �n� tuilh��eizeif repre��i��ati��� t-�f� Gr�r�ta�r. xw�il7 r�as��n�bae aiiv;sr�ee rti��tic�e, �t�a;�= k�ae�� ;�cc�ss tc� ar7d t6�� riishs I�.x iw����cs. co��, audi�. �nc� �x����ir7�: all s���l� b�7t7ks. e��ur�is. ad�d utlt�r �ia.�tumcnss �:�f �C.ieai��eu i��l�t�d t� tly� {�r;�a�t ��n�i1 +C�l-;ii1t�� pei}x�ic�e� it� fi��al r���i�i� t�r C�ra��tc}r, [�1 �fi7 tl7c. L,e�� nf�Cirante���; I�nc?xalc�i��. 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[ti} ?V4}lhin� irr ¢his ,�,�r�:�:ati3�n� }��i]! c�n�tit�itE � ti���ix�r� �r c,�� liir7it3�it�ir {�ra �m� i�r�i7i��anrtt EPa�ra or lia��ir.ati��r� nn li�hilit� �� kaEbicE� ��r�i��w�: is �i�titleci �ei�c��r [ic���_ � �i. 1��1ist��lancrau�, (�) 1?�°'ai�°�r, -f`a�� �ert��nxrd3o3ce or- r��us�r� ance of� a���� prnini�e nr �t�n�iti<+�f ��l fui�h iaa shi� :'1tre�i���i7t ma�� �,� �ti�aived, �r-nei�ded. �-,r �r7i�c�if�e� t�r�l}� �} � ���ritint�� �i�riecl b}; {�Yurr��� aan{1 ��r�naor, ',tic.r r��lt��.� ir� sh� �xe��.i�c: t�f�n}� pc]ke��r. ri�l�t, �r r+��r�e�i�� t}E>ei•at�s aw a 1°��'s#Ik'4i lll�ll'{lt. !7(}f `:hall a9��� siil�f,e c�r p:�rtial e�e��ci�;e n���n�° c�tft�r ��,�?k��c.r, ri�.N�t, r��• r��r7�d��_ i��1 :'�s�i�;rtm�nl. Tlii� ,���-es��o�n3 i� bin4lin`� upc.7,� �hb �a�xi�s, 1111 ri���l�:ts ani� p�}x�:�r� spe�ilicall} cc�i7f'Li7��.c1 upc�r} Ci��aqt�}r n7a} he ti4in>1�rrred �a�• d�9��?�t�€� L�� �ar�r7cnr tn t�n� ��f' ils suc�:.ess��rs ��nd ��s�i��3s_ C�r�n4�e`� ri�.lyt� a�3d a,l,la�?�ticaa�� ur��l�r tl7is :'1�rre�77�rrt anar� k�w �ssi�*nc;r� t�nlJ� ���f��n s�e� fti assi�j�rt�t�r�t i� srpprov��f in ����`it�n� h� �,r�rttc}r, {�� Gvu�r��itl� [._a��,�. �'�i� r'�s�T��i���nt is rnade attd 5ft2��i be �o��er��ed in �II res�ects h�� tltie Cav�°s c�f thc �latc of` hr�iianes�?t�, A��� d�sp�ites. e�ss�tm�°ersies, �r �I�im� arisin� c�u� {�f tliis .,��,rcenlei�t s��all ixe 9�e�rci in th� stat� or tederal c��ut�s �ri' :�7inr��sc�ta. ari� al] �ai°�ie� Et� tliiS ,�4�e+:�crrtenl ��°{�[r�e an�� n�ij�CtlOi) tc� �h�. j�urisdictic�i3 pf tffC� CC���R�, �+��I��[her �bascci crn �r�»a'e�3reaaee c�r r�th��w•iSc. id} �cx°er�l,i[kt�_ 1#` a���� �rr��v��9��1 c�r ��plicatie�tti nf this ,+1�,e�ement i5 17e�d u�l����#'u9 4�r ��ne�rii:Fr�e�bl� in r�n� r�sp�ct. �ucl� il]��a9iRy ur uEyenfc�rcca�ailit� sl��l� �bt�t ;�f'1`ctit c�th�r pr���isic�ais ��r �p}�li�cati�+r�� th�� ��n h� �i}•en effert, �iyd titii�s r��re�:r�c�is sE�r�ll �se cc�r�slrued �s il- tli� unl;�x�.•�'�al ��r ain�iiforc.�Eft+lz F�ra���iwi�,n c�r ��plic�alic�3� I��t� i�e+�ea- b��r� �nrtitai�7cif ff4rciia crr pr�~si:ribed }��er°�f�}�. (e� ��c�tic�, .'lll R���ice� rec���i�•�,� �ierr�u�rclar �h:��l k+� �i�°en E��� c�e�x�sit�«� En i��r� I_1,�_ liiaif. �r�st���� �r��ai�i, ���tifi�� �tai�. raturn t�c�i�t reyu�s[t�. sc:� ihe f'�I�i�+,�,�i�i�, ad�re.sses (c�r• ��rch �,Ih�r at�dr�sses tx� either �r�nt�� itr�� ,lc�til'�� �li� o�l�Lr); fc� C;ratttnre �L:"ii}� al� ^�•'1�s�tdc�1�� �ct�e�t�is�ic I�C4^iI{)41f17L`f1I :'�4atht�rit;e �fk� 1�'4�°�l��ut �treet, Suitr i L:.aCJ'a�f'\��c�ati��lE+��..'��1`� ���G? ;'�ttn; .liin �I�I��res. 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Th�r�� ��c�aerl��i c�kat tf7at thc. �iontic�llca C'E�ambct� c�� C:�rY�,�r�crc� � In�3u�tr��. a��II f..�}(G)9 4�i{� L}��L 4�Ae 41�� ��J�JYl�i�lliPli� ll{.L6 Y�i.CI tiTl{J 4,.L�J4� IJiJL ��,tilii� �� � sr-�{�GI b4isine�s per th� S�.cre�3r�� 0!'�1�� �t�it�, L�uc f� �heia-�]r�ani�ati��ala] �����,c�r�. Kltie�� are it�cli�ihle tt�r m�n}° c�f't�ie F"�d�.ral �nd �t�t� a�si�ian�e �r���rar�i�. rric��des�� P�'Y, �I�f�ar�s rieat�d th�� �n�n�- c�f thei�� fu;}�ira���:rs h�� c h�.en �:an�eled or �e�st��r�ed �nd tC��ir m�mb�rs�ii� r�te� ]ia��e d�cline�i due t� �h� panden�ic. 1���r�:y� a��roeiersoii, L�irect+�r �� t}ic h�lantic�ylCc� �:Y�aan��r s�f'�'�iro�n�rce � lr}��s�r��, ��ur����r e1�b�r�tec� #h�t the}� di��a'� i{�«lif`�� #��a man�� �ub�i� assist�iec �ro�r�tn�_ Sh� nc}��c� lE�at #he C'hamh�r ht�� k�eer� eslai�ii�lied for 7? v�ars and is i�u��ied ��} �r�,en� ��rc��a�h n1�z11E�ei•s�ii�, �lue� �r�,�i ��Q �3�rcent ahrok��l� e�-ents, Sh� c�pl�in�d tllai all far�� e��eryts ���ere canc���.�f f��r th� �uar�aner. but tf��t t�ie�� ��°c:t�e �iop�f'�1 t� �c,ntinu� the anr�wal golf Fu��da�aiser c��i l�h��r�c����. Se��efini�et� ?�, ��� n�ated t�i�t it c�ulcl h� �ie��t���a�ir�g i l- lh� e��ei�i }��t�uid k� e.��i�el�.d �n�l ih�t dli��� ���+�ul� n�.�� tc, �.���ic:ier r�u�tin� �tt�l�t' lc� c�nl� )���•e ���e s��t�' inenib�r er�7plo��eci. 511� ���lain�:�f that tt�c C:hamher ]Zn.� �;hi[�e�i ���ar� �urin� t�ie paiideiiyic �t7d }�as ��:ett fiol�in� add�ti+�r�al rne:etin�� tt> sl�� �usi��i �4����h atller Ic�c�l �'�ia�r��r o#�"i�cs a��� that it ����ul� �� i,arc� �cu�rc�on�c� [}r�clup���tit .�1u�h��ri�� '��iir3us�.; JEans ?�'"�, ={J�{) Y��� ti G to �c� e��es���thitr�. ��°ith ��nl�� ���c st�f'1-menib�er. F3Zf.L. 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J2 C��{� �14���1LL BLl�YIYF,S�a El�'I�R�E'N�'Y AS�1S'��1��� G1�1�1T .�C���,�E:ViE1�1'i` {�,� � "T'Jtiw Gr��nt :4kr��rt�eais �..t��Ti"�CIll�Eit'�� I� m�ri3� this��`����� of ��1.�,�+'+L'��. ?[1'[�. hck�hccn tl�� ['itti� cfi� h�1o��ti��llcr k:c��r��ir�i� L)e���ls,prnent ,�14�thoi°i�y�, �� �,�bli� k,�+c1}� c4�r�t�ra�� �i�cl poii�i� �ric� �e}Eitiial s��l��ir�asi�s3 c�f tl�e Stat� c�f �'lini�esc�t:� {"C�;ransc}r"). ar�� L�l�°�s h��tatss���e, a ��lannesota s:��� prc��ri��.�}is>>ip ('.C�ea6����"), �r.�:c�����.�� .� ,A, (ar�airt��r h{�w �ru�s�.�i it� Srrt�la [�usine�s Ivi���r�?�tt�� ;'1�sis�t�ri�.e C;?�ai�t F'�-c:7�r;��ii {�F��; 8'rc�u��in") sn�i l�as a;��+ro�ed �;ui�eli���� l4zr the !'rn�o��irr �tli� ..i'r��trar�� �(;�i�f�lin�:w..). f�. f�rant�� 17as �uk3ty3�ttcci a�7 ����JjC�4t14�111 ft�l' 3�r��lt di�l� _.CiC�tlt ,��rF�IiC17li?Il'-:9 .�n�izr� tl�e I'rc���ra�rr (�uicf�lEnes. a��d C�s�anl��r ]�;�s t�p�a��o��ed a i�r;�i�� �c} �I��: £ie�tu�t�e rr� tlr� ,�in���ant c�l''��,ClCli� {;Eiw ,"tir{jnt"'�i ts� �5��• ��,�,r�ii�n uf the ex��n��s ci�s�.riL��� i�y [E��: C�rs�o�� r1}��[i�clll[Ill. lll �c�rr�nrctic}n �xit�i [irintee'� »i�ass��e art�i ��u�s��s�;ure �nt�e•prise i�rr��trtE s�l l�E E3r�t�ad�e��a° f:;��i in �h�e C-it� t�t� ��t4+nGi�iilc7. \1ini�e���t� (tl7t .,�.il�-'� ftl7e "C;r�nG ��,�Ei� ities"}. � - C�. [�17� (;��;�,�[s!r ;t�741 �E�in�ee ��i�fl t{r mcmcari:�liz�: �J�e t�rrns �af ih� �io��ent ii7 :17is �� s�rr� ni�.r��_ r��C'C��Jftl�!'�C',I.1', thc p;�riies �g�re� 3� fc�ll;sak�s: I� �I�1�� C;ranG ;'�rnic�uni, "���L�lc�.t �4� tl�� t�rr�� of ��yis �'1���c����errc, t�3c Pr���a�;�rii Caui�i�lirt��_ a17�� 1�12 {ir.iy91 f�}}�If�,kt]C�]] (.lti��CEI]Ca�, ��14 ��{�f.11ll ��47fiLllfil�ll�.",,.�. (ar��i����6 av4r���: tc,ti �ra�tt tt.� (�r:�>>�4r th�° �urra w7i' f i� e tl�c,us�ir�i ,ir�.i nc]�° f[1�lli� L�nf I�rs �5�,(J�af�:M, l�he (�rai�t }��i I1 E�� p��i�i 1��. �;r;�nk�+r ��� C�rantce l�r�-t17� �C;r�r7i ,-i�lix°iRi�s �a��rc>��+�s� urt�i�r tli4 C�r:�nR C)uekaifi�ei�ts ir� gcccr�clai�ec��•itli'ti�:ctic�ri � I7�o�c�:f�, `�. F'atiir7�r7i 4?t��_ie,ins f'roc:�cd�_ ��) �[-ft� ��ranq ��ill b� �a��i t�� �C�r�r7��^� in ac���ec{�r�ce �.�•itf� th� �rnn� �tn� c�n�itic~�r7s cri� �li� [_ir�n� L'��cuP�t��tt�_ 7'Fic {arf�n�ee .a�re�; tl3at ;�r�r �r��ts c}t' tl1i� (�rastt ,��si}�ili�.s �xcce;Jort� tl�� 3�r�slurn lc� �S� F�ai� u�i�ier �17r� .��r�:�mca�� ��r� th� sc7�� res�rr�sihilit�� t;f'tl7c C;r�tir��. (h] �!�lti� �rant�;�r k��`rll ��}� tl�e Gr�rr� �t.� C9ra�a«� c�r��� tC�e Cirarttc3r ]�as r�cci}•cci fe��er� ��eaai[��. �+itE�criat e�}�er7s� rt� C;ran[��r, ;� �;is�=neci c�sp�° ofthic .��i,�c.�r����t_ �, Re�����,�nE�totir��:.in�l �� �k��r{-�nt�e�. �at��r�tee r��se��rns� an�� ���s�rr���ts t� C'sr��r��nr ti�at= �a} (;t��ti7t�e �� �uthtrri�cci sc� si�}�> cieli�eo�, t�r��i F��rii�r�g1 tfti� ;^��r��m�iix ai�d t�? i�ecei��e t9�e �wrarst f�ct�rr� Gr�i,s��r, �E�) (ird���tee ��;re�s xh�s1 ii kvi[J ���� a'�d rnair�tairt hi��-,ks, r��c�rr��a. ,�nc� r�ther �acurr7er�t� r�l:itin� c�irc�ii�� tc� tlle re��i�t ;�itd p��^rr�en[ ��9' +�.ira�7t p��r��ceed� K1nd that am� ��utfis�ri�r��i r�:Frese��[;�ti��� c�f Gra�t�,r. ��itl7 r�.�.�c,�7�krl�: ;��iv4�rac� tt�dic;e, �rn;�� ]7{�t�� ��ec�.�:s tis and t��� ri�l�� t�, irtspec�. �c�a�5�, au�it. .���i ���«3ine �11 �uc:li �c}4:�. re�i,��ds, a�ic� 47�1�er d���urt7�i�ss i}1'Cir{°���tee r�l�q4tt [�� sh� C;rant �i3til Crra��1�� ��rc;k�ides its firr�il r��acrr� t�r (�ra��tc,r. (c1 �E'er th� t��st �31� �;r�tns��'s kni,���lec���. ��a�t�ns�e ]�as �ull� i.���nt�li�ci }�,itl� zrll ��Plic�L��e �t�tt I;�x�� r-��st,n�tk�l� r�i���a�kt �ti, �his �"��,recarfwrst t{ntf +x�ill e�3n[iriue tc7 ��;.r.7�•�,I} Clira�ei��tic}Rel li�c s�rm 47f [�395 =���;a�crrnre�t, Jt at n���� �ini� (_ira���te� r�c�i�ew ii�rtic� n� ii;.rncumpCi4�rt�e Ea°t�rrn ;�r�e �c3��ea��iT��nta1 e@titi�.r�. [_�r��nt�e a�t�€�s tc, [s�k4 ;�nt a7�°�:e�sark ae�ic,n li� cnl��F�l� �,�ath sh� st�E� ����� ert �ueStRi�i�, (�i) {��r��mc.e ���i]] k��e th� �rrx���ds �i� t€�e Cirar�t �i��cie by �rt�n�c�r nrtie�� 1't>,r tli� [.�r�r�i :'ic�i��iti�s. anJ ���i�lton �i�1 da��s 1ft��� tlr� t3��sc r_�f this .4�'i•e��r7�eyt, �r�e�lee x��il] �rrn�i�i� tia ���ranti�r irr �4�ritin�* a beie#� r,�����r� (1�k6 �h� c.x.i��i��l� irY�lu[I��1 i�� tl7c (ira�t :����rli�;t�i�}i�), sl;�sin�. J�r��x a�l c�f Bh� (sr{�i�t f`4���cis lg:��� hetn {,scc� ,�nci ��rn��iali«�, �:�i����i�c Fn il�� fr�r�33 ixt� �3x11� int ili4��, �����;IZ7�17t5. ��l` SOITi i I�3r, �, .'�ta E3utiin4.wa !��ab�i�x. ] I�e ;��i7it� as�r4'�` C:1[11 Cllc 4i:',.n[ �ti ift�a a h�iwkn��s °���k��i�� a� cie��i��d irti ��9ina���a�s�r �t;�ttatr�e Sc�tecary.w I:{,,I,��), to I Jfi_I_��4)�, �5 ;�ni�ricd�ci {�l�u --13�iyii7c�, S�,bi��i�� ,��["i, k�c;���s} tIl@ J'�Sl�[.ur�e ia in ��r7 ;�i7ik}unt le�� t:l��« � I�C�.flf]{�9. �. I ncieinniticatint�. l;�} C;r.l��te� ��.r��� tr� i�7ifcmnilk ��;�ityst aty�i ti5 I�crlcf Gr��i�i�}r, t�nc� it:� t�i-�i��€-�, a�,c.i7��. ���� �n,�,l«rch�w. I��ernl��s t�t` a,�d Prnr�� an} d�n�3 ��lC I�abili�e,. C���s, ��r �J;��n;����� �l7t�t[ it r7ra� i���t�r ��r���:r �ar tr�� i�e;�s�,« a�#� sktis �'Is�ecente:��. tir�d �,t-as�d fe�Fin am� �sn�E �Jl cl�tii77s ;�iyc� c��tnrtri�l� �k�3:-���c��k�r th��t i�7t��� �,e �ss�rt�� ;��z�in�;s Cir�snti�r L��� e�asn�� i3j 8f3} a�llcx�cci c,h@iy�'��icrn4 c�r �,a�ci�:rt,�kii�����.s a€� its ��rt �ia �rerli7rrn or di�:chtar�� as3+.� rrf tf�c t'nt��, �c,+�i7���fit�. c}r t��r��.iTler,t; ckjr}ttiie��4i Irc,�an, _ �bl �l�E:is iW��i�«��tiific:ttic�rt �n�i h�}I�.i hanTii�ss ps�r�;�i�ic,i� �� ill �ur��i�.•� ��1� cx*c�i�i��n, d�^lit'�t'�. ��tr�d ��rf�t�ni�;3a;c� ol`Chi�,'1�ri;eR}eru ��i�d tl�e �,a��rti����� �a�, C�rf�n�ti}r i�l�t�nr� ����r�t:r},� ���i tlrc ( arK���s_ fc} hc3thiEti� rrt tk}is �����e,���9�t �hi:l] �a.�]lwllila4� ;i �•.ii}�cr at` ryr 1ia33ita��i�r7 ��rti ��it� imme�i�it}� fmi�� a,r� lirr7it�ti4;�� c�n Ei�bi�it� l�� }�.hit€� C�ra33t�s: i� ei7tsticd ����,lcr Ia��. b. h�'�isc.�]]a��c4,��s_ (��j �l tei�cr_ �€�l�c �rc��fi�����a9�cc t�e {ah:scr���r�c��: c.,1' ;�nti �ae�rnis� 4,r �cinditic.�n �et fc}r�� ir� thi� .�x,�e,�iY7���i r�r3� l�t *�,�i��:ci, ;�oa-4,��oc�c�i. �7r n3i}t�ilicii oc�iy� �}� �}�ri�i�y�4 �i�r��d E�t� (;r-a�it��: a�,c� Ci�tiu�sc}r. ��.R �.i�lrt+, i�� l!}e �x�rcise +ni� a�g� �ita���.r, rir�f7G, c�r r�rr:t�j� is�-r�rK�[L� ;i� ;� ��.;�i�.��r �h�r��t= ��4�r sl;alll �in� �i���l�: t�a�� �a��-tia] �xa;e�iw�: E�f���n� c}th�r �Sc?+��ce. ri�l7t. ur rc€�����, {�1 A�s�<<iiliT��.�3t, �f-%is .���r�+c:��ciit i� �andirti� ����F�a tlt� F:1t'lit_a. ,-'�II rl«Ilts �sn�i �c����e�•s s�rccific�ll� t���tt�cre�d u�car� {1ra���±?e ixr��; 1��: tra��af`rr�.ci 4�r �eJs:��tc�d k�� (_�ra��to�• t� ar7�� r�t its �u�;c�ww�tew ;�ncl �as`i�ns, �r�A�tce's ri�l�[s �i�d c��li��tie�Eys �dndei� tMtii� .��rt�i77�i�t �r7�� k�� assign��d �nl�° �a�h�n sucis ��ssi�n�7�er3t is ��ap�r�?h��cl in �4�retin� k�r Gr�,e��ar. (c) �����ri�iai T��� Tl�is ,�i�re�:,rr�en# is made and �hzrll b� �c����er��e�[ in �II r'es�e�ls bo�� li�� I����s �rf-kh� s[at� r,f h�li��nesnta_ .��tix� c�isp��ies, c�r�tr��r��etsie�. oo- cJ�iins ari�in� c}�f� nf tl�is .��r��m�»t stsal l h� hear�i i�a the stale r�r �eder�l c�.51��ts oF 1v�itl��es��ta. s�aic� �la }►ar�i�� �o thi� ,4�.r�em�:��l M��ai��c any� oksje�cti��� �cr sl��: juris�i�t[c�rt �f thts� ���irts. t��he�ltier bas�� �t7 c�������,tirn�e c�r c,then��r��_ . (d� `�e+.•era�iili���, If ary}� }�r�r;,�i�i��n ��r ap�alic:�ti��� ��f' ll�is .A�rc���7�n� is Iteld urnl�ti��ful c�r unent�orceah€e in �n�}� re:spect. suc:h ili��;�l4i, c�r lme�ifarceahi]Ct�� st�;�l� nc�� t�f�act c�thc�� pr�o►�isiva�s ��r ap��lic.�t�c�ns tEt�¢ can h� �i���n �F�`ert, ar��i tfti� ��reemi:�it s17�E! h� ccar�str���d �* i!� thc ui�f����lul �ar a�ncnf�rce�ble �,rc�t�is�i�i� �+i� app�i+�ati�,i� }��d q�e���r �een c�r�[�iined herein nr �ar�.s�r�b��# h�reby. (e) d^Jnt�ce_ �'111 nc�tic�s r�equired frer�uncl�r sh;�ll k+e s;iue�a k��' d�.p�}sitin� in tl�e l;.S. nrail. �c�s�a�� prep�id, cet�i�cd m�il. returr� r�cei�i r�s�4resled, lo t17e I��illcr��in�; ��idr�ssc� (ur s�.ich �,tlier ac�r�i�swcs ns �: itl7ei- p��rtg ����� r����i P�� �hc ntl�er): 1'�� (1r;Mns47r {�i[}� {rf''���c�nii�cll�, �:ci�r�c�i77 ic f���°�{���ar�cnt ;�ut37r�ri��• >[�� 14'�Ir�ut �treet. Suit� 1 C'�t� nf �1��n�i�c�lc}. h1N S��GZ ,��ln; 9ir� -]-h�r��. 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I� � � �'�a be complet�d k�y purchaser: Amount $ � �� �� i �������� �ircle pur+chaser name; Julie Che�ey Tr�cy E��er� �'ktki L�erh€�ff R��h�l Lec�n��� Jeff �'hleill J���b Thun�nt�er S�r�h R�thli5t�er��r lennifer Sc�reiber ����ht�manr� �� Jim Th�r�e� Em oyee 5ign�#ure �UjJ�'fV1.54P �I�i1+���lt�p' �"a:� appruved Spe[i�l Proae[t # qr �es[ri�kiern �r�s-e Ci�r� � +CireN� departrr��nt c�de, City Co�ncil �4dmir��stratian ��tyr �I�rk Fin�n�e Hurn�n R�sa�rces Pf�nnin� �n�l Zar�in� C��#� Proce�sing C�ty �iall �� nvmi� ���+�I�pment HRA �II'C�� �#��7��'1�� CO��; 4�19��i �,er��er�l C�perating Su�plies �3195�1 �Ie�sPette� ��rrrE�c�s 431990 lvli5eell�ne�ti�s Prrf �ervi��s 43� �] P�stag� 310{] �--� 'fr�v2ljTr�i�lin� Er�pe�5e 44�3tJ�l C�u�s Memk�ers�ip & Subscri� 4A37C][l Li�er�s�s �ntl PerrrEitS �t��'��C1 Misc. �ther �xpense Jim 'fhares From; ��nt: To: subjert:. L'�e�r ,}im Thares, infoC�a eclam_�re� TUe5d8�, JUn� 15, �O�C} 9,1 � A.� Jirx� Th�res E�onomie L�evelc�pment A55oci�tit�r� �f Minn�sot� - Th�nk you for your or�er �ar��i��nat�on for the errder place� �n �J16,+�42Q �Ii�k �ier� f�r a printable vie�+ af tl�� �o�der. Th� fo�l�wir�g is � d�s�riptio� of #he +�r�der� Qrd�r �umber is= 43�7G4578 �7raered � pro��,ct� (see b��o,�p: Pre�luck Number; U9E3�1 Produc�: Gc�nference Re�istr�ti�n Qu�n�i#y: 1 Pric� Each- $15€J.ChC� Tolal Price: �154_�iQ Tot�l� �150.�1Q TFaanks! �c�namac D�evel�pment Ass�ci�t�c�n of MinneSC�l� ������� ���� � I� � � ��� ,� ��.� �,11..� �.�`' � .� ��� � � � � � � � t-� �' ��.� � � e� � � �� This is �n �UtomB#�:d em�ll Seni frtrrtt ECAM. Please do nat reply #p #Mis �rn�il. I� hr�s been S�ni fMorn �n �erll�il �3C�courrt tha# i$ nqt rn+�ni#+�r�. �f you feel y�u h2we t�cie�ved 1�5i5 �rsess�ge in eaa�r, Pl�as� f�$f �re� #� G3n#�C0. US 2�k inf9C�e�l�rri oaq. u ;. � Jirn Thar�s Ft�otn: Sent: 1'0: Sub�ec�. f��f�1�lC� f�EC�I�� H�arring#on C�imp�ny <receipts c�i affieripa�.�orr�� T�wgsd�y, June 16, 20241 9_3� �M Jim Fhar�s Ref�nd Re��i}�t frc�m �I��rrington �Ccrrr�pany i��r �2�,CM7 ��rrington �ampany 4�48 �ark Gle�r F�cP Minn�apc�li�, hAinne��t.a 554i6 (G3oj 3��-7�'8� R�fund Summary Acc€�unt: Ref�r�en�e: f4lemberlD: �7rganiza�i�n Not��: �bAM �aid v�rranc� �mount 39�75581 �ity� of h+l�n�icell�a Onlin� Str�re ()rder Jdtmo�urr# i���unciett: Pay�ment Meth�d: Card Nurruberr Dat� �efur�ded: Tra€�sa+�tican Fd: r. fi ��� � �� � - � �cco�nt Holci�r Jarr��� fihar�s Suite �#� M�ntie:ellc�, i�lir�n�s�ta 5��6� �25.�}(l V1��4 *�***�*,**,*� 8�4 June 16, �p�� 09;�� arrti �25�648�f 2 Dse4�, �h�rringl€�ncnm�,�n'y,��inl 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 Thursday, June 4, 2020 8:28 AM AP Your bill from City of Monticello, MN is ready. 61201NSERT.pdf Previous Reading Serial Date Reading Current Charges Water: Water: CITY WATER - NON-TAXABLE Water: ACH CREDIT - AUTO PAY Water: EBILL CREDIT Water: WATER - STATE CONNECTION FEE Sewer: SEWER - COMMERCIAL Stormwater: STORMWATER / NON-RESIDENTIAL Total Current Charges: Bill Summary Previous Balance: Payments Received: Adjustments: Current Charges: * Total Amount Due by: 7/1/2020 * This was the amount due at the time of billing. 007256-007 MONTICELLO EDA (213-46301) 103 PINE ST 5/1/2020 to 5/31/2020 (31 days) 6/3/2020 7/1/2020 Current Reading Date Reading To view your amount due at the current time and make a payment click here. Auto payment is setup for this customer account, do not pay. 1 Cons $0.00 $7.10 ($1.25) ($0.50) $0.81 $9.18 $10.50 $25.84 $25.84 $25.84 $ 0.00 $25.84 $25.84 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 Serial 68621907 Current Charges noreply@ merchanttransact.com Thursday, June 4, 2020 8:28 AM AP Your bill from City of Monticello, MN is ready. 61201NSERT.pdf Previous Reading Date Reading 5/1/2020 42713 Water: Water: CITY WATER - NON-TAXABLE Consumption Water: CITY WATER - NON-TAXABLE Water: ACH CREDIT - AUTO PAY Water: EBILL CREDIT Water: WATER - STATE CONNECTION FEE Sewer: SEWER - COMMERCIAL Consumption Sewer: SEWER - COMMERCIAL Stormwater: STORMWATER / NON-RESIDENTIAL Total Current Charges: Bill Summary Previous Balance: Payments Received: Adjustments: Current Charges: * Total Amount Due by: 7/1/2020 * This was the amount due at the time of billing. 007256-008 MONTICELLO EDA (213-46301) 112 RIVER ST W 5/1/2020 to 5/31/2020 (31 days) 6/3/2020 7/1/2020 Current Reading Date Reading 6/1/2020 43094 To view your amount due at the current time and make a payment click here. � Cons 381 $0.00 $0.00 $7.10 ($1.25) ($0.50) $0.81 $0.00 $9.18 $10.50 $25.84 $25.84 $25.84 $ 0.00 $25.84 $25.84 Auto payment is setup for this customer account, do not pay. 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 Thursday, June 4, 2020 8:28 AM AP Your bill from City of Monticello, MN is ready. 61201NSERT.pdf Previous Reading Serial Date Reading Current Charges Water: ACH CREDIT - AUTO PAY Water: EBILL CREDIT Stormwater: STORMWATER / NON-RESIDENTIAL Total Current Charges: Bill Summary Previous Balance: Payments Received: Adjustments: Current Charges: * Total Amount Due by: 7/1/2020 * This was the amount due at the time of billing. 007256-004 MONTICELLO EDA (213-46301) 130 BROADWAY E 5/1/2020 to 5/31/2020 (31 days) 6/3/2020 7/1/2020 Current Reading Date Reading Cons ($1.25) ($0.50) $10.50 $8.75 $8.75 $8.75 $ 0.00 $8.75 $8.75 To view your amount due at the current time and make a payment click here. Auto payment is setup for this customer account, do not pay. 1 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 Thursday, June 4, 2020 8:28 AM AP Your bill from City of Monticello, MN is ready. 61201NSERT.pdf Previous Reading Serial Date Reading 60867213 5/1/2020 1001572 Current Charges Water: Water: CITY WATER - NON-TAXABLE Water: ACH CREDIT - AUTO PAY Water: EBILL CREDIT Water: WATER - STATE CONNECTION FEE Sewer: SEWER - RESIDENTIAL Garbage: GARBAGE FEE - TXBL Garbage: RECYCLING FEE - NON TAXABLE Waste Taxes: GARBAGE TAX RES - 9.75% Stormwater: STORMWATER / RESIDENTIAL Total Current Charges: Bill Summary Previous Balance: Payments Received: Adjustments: Current Charges: * Total Amount Due by: 7/1/2020 * This was the amount due at the time of billing. 007256-009 MONTICELLO EDA (213-46301) 300 4TH ST E 5/1/2020 to 5/31/2020 (31 days) 6/3/2020 7/1/2020 Current Reading Date Reading 6/1/2020 1001572 To view your amount due at the current time and make a payment click here. � Cons 0 $0.00 $7.10 ($1.25) ($0.50) $0.81 $9.18 $8.25 $0.75 $0.80 $1.50 $26.64 $26.64 $26.64 $ 0.00 $26.64 $26.64 Auto payment is setup for this customer account, do not pay. 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Must�rd �r� t�e si�l�, • '�arie�y of ��ac�kie�, • li'�riet}� of �hip�. �1��3W�A'l to C�C]T"' M��I • Bl�ck F�r��t Ham: • Variety +�� Brea�ds, • Whi�e ,4meri��t�, + L�t�LJC�. * TC3fX1c��D�Ea, • �9ayonn�is� C3n the sicie, • N9�ast�rd C�n ih� ��de, * 11�rie�� of �o�kies, . V�riety of C�rps. S�B1�AY t� ��Of� Meal • �le�gie Delite�: . Varie�y �af Bre�d�, • �lUh�'r#� P�m�ri�an, • Lettu��, y Sp�inac�, • T��lfi�l$OE'�. * �UCUIT1bc'rS, * �re�n F�epp�er�, . Red {�rrion�, * El��k {�live�. - Mayonnaise On th� �id�, • f�lt�st�rc� t�rr the side, • �J�riety o� �oc�ki��, • �ariet}r o� �hips. �6.2� �UBT��AL �.�75°,lo M�! ����e� T�x TC]TAL PAID TC� �►��E �4M+O�UNT C�llTST�4ND4NG C $50��� '� 3.'�°I � �4.�13 �.�i4. Q 3 $0.00 If �ou nee�# to ro��k�e changes t� ye��ur ord�r, �xp�di#e �t� or�ler, c�r r�que�t � refund, , y�u ean gei in tc��a�h with us by ca�lir�� c�u�r �at�ri�rg ��il C�en#er at 1-8��-��Q-22�3 �r �y �rn�iNi�g us �k qur��t��ns�,`'�a ��ab+�rapc�t�ring.�cs��. � .. I�..__....__... � __. .zlfl righ�s r�see,r�eci. SUBWAY� is � Ft$g�.sG�r�O Tr�Cl�m�rk. �f ��b++r�y K� Ir��, - - . . — ---� MN/IA Landfi�ls-ETk River Landfi�l 22460 Hwy 159 W Elk River, MN, 553�a Ph: 763-991-2464 Cust.omer Name CASH CUSTOMER ELK RIVER r����� a�t� os�i2�zoza Payment Type Credit C�rd �anual Ticket# Haulina Ticket# Route State Ydaste Code Manifest Destinatiion LINERI7D PO Profile () Gerier_ator T�.me Sca1e In 06/12/2020 10:5Q:5�1 Inbotznci Out Q6I12/2020 11:12:20 Outbound eomments EDA. Carrier CASH CASH VehiGle# trk 9975p3 Container Driver Check# v Sil�zng # OD00396 G�n EPA ID License Operator �leitold jleitold Original Ticket# 1�70770 Volume Gross 3(}60(} lb Ta�e 28250 lb Net 2320 lb Tons 1.�6 Pro�uct Lbp Qty U�M Ra�e Tax Amnunt Origin ----------------------------------�_----------------__....��_--------- l 1000`P--MSW TOv ].QO 1.16 Tons �7.p0 5$.91 $231.00 WRIGM 2 EVFt-L--Standard En 1�0 1 Load 26.OD 4.42 $26.00 3 F'UEL--T-Fue1 Surcha 100 �- 4. 35 1. 94 $� 1. 18 4 WWMt-P-Trlaste Wat�r 10Q =m 6.50 Z.84 $16.71 Driver � s Sic��tatux� Total Tax $68.0� Total T'iCket $352.96 Amt $�52.96, Amt Tendered 5352.96, Chg Due $0.00 � � Z C n � � m z -� � � m 0 Debbie Davidson From: Jim Thares Sent: Wednesday, June 24, 2020 3:41 PM To: Debbie Davidson Subject: RE: Elk River Landfill Visa 6/12/20 $352.96 Hi Debbie, that looks like junk from the vacant EDA house at 300 — 4t" Street East. The code is: 213-46301-461500. From: Debbie Davidson <Debbie.Davidson@ci.monticello.mn.us> Sent: Wednesday, June 24, 2020 11:18 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: Elk River Landfill Visa 6/12/20 $352.96 Hello Jim, Our Parks department paid for the attached with their Visa card, but noted that it belongs to the EDA. Please provide coding along with your approval to pay $352.96 to Elk River Landfill. Thank you, pebb�e pa�/�dsow Finance Clerk City of Monticello 763-271-3225 Debbie.davidsonC`�ci.monticello.mn.us apC�ci.monticel lo.mn.us Emai! correspondence to and from the City of Montice!!o qovernment offices is subject to the Minnesota Government Data Practices Act and may be disclosed to third parties. 1 MN/IA Landfills-Elk River Landfill 22460 Hwy 169 W Elk River, MN, 55330 Ph: 763-491-2964 Customer Name CASH CUSTOMER ELK RIVER Carrier CASH CASH Ticket Date 06/11/2020 Vehicle# trk 947503 Payment Type Credit Card Container Manual Ticket# Driver Hauling Ticket# Check# v Route Billing � 0000396 State Waste Code Gen EPA iD Manifest License Destination LINERI7D PO Profile () Generator Time Scale Operator In 06/11/2020 10:93:46 Znbound jleitold Out 06/11/2020 11:08:25 Outbound jleitold Comments Original Ticket# 1170579 Volume Gross 32520 lb Tare 28390 lb Net 9180 lb Tons 2.09 Product LD% Qty UOM Rate Tax Amount Origin --------------------------��--------------------�-_---------------------^------------------ 1 1000T-MSW TON 100 2.09 Tons 77.00 7A.65 $231.00 WRIGM 2 EVFt-L-Standard En 100 1 Load 26.00 9.92 526.00 3 FUEL-T-Fuel Surcha 100 � 9.35 1.90 $11.18 9 WWMt-P-Waste Water 100 � 6.50 2.89 $16.71 Driver's Signature Tota1 Tax $83.81 Total Ticket $368.")0 Amt 5368.70, Amt Tendered $368.70, Chq Due $0.00 D�D� �«_, Z ��ry p n �'� Z m � � p � C X � � x * n D�Co Z '�arn rx—^� � �cwn��X�o �w mx�' Cn `� J'' � -Z-1 X O '' D o �tnXaO � o m X � a o !C � o � jr^n O � m � Debbie Davidson From: Tom Pawelk Sent: Friday, June 12, 2020 6:57 AM To: Julie Cheney; Debbie Davidson Subject: EDA House trash Removal Attachments: IMG_20200612_065611460jpg Debbie Davidson From: Jim Thares Sent: Tuesday, July 14, 2020 8:17 AM To: Debbie Davidson; Tom Pawelk Subject: RE: Elk River Landfill (2) Visa $368.70 &$352.96 It looks like this ticket is forjunk removed from the EDA owned house. Please pay. The code is: 213-46301-461500. From: Debbie Davidson <Debbie.Davidson@ci.monticello.mn.us> Sent: Monday, July 13, 2020 1:40 PM To: Jim Thares <Jim.Thares@ci.monticello.mn.us>; Tom Pawelk <Tom.Pawelk@ci.monticello.mn.us> Subject: Elk River Landfill (2) Visa $368.70 &$352.96 Hi Jim & Tom, There are (2) Visa receipts attached. Jim has already signed off on the attached Elk River Landfill purchase in the amount of $352.96, but I see there is another. Does this belong to the EDA as well? If so, Jim, is it okay to pay the attached Visa purchase in the amount of $368.70 to Elk River Landfill? Thank you! pebb�e pav�dsow Finance Clerk City of Monticello 763-271-3225 Debbie.davidsonC�ci.monticello.mn.us ap@ci.monticel lo.mn.us Emai! correspondence to and from the City of Monticello government offices is subject to the Minnesota Government Data Practices Act and may be disc(osed to third parties. 1 EDA Agenda: 8/12/20 5. Consideration of Amendment of Small Business Emergencv Grant Guideline and Agreement Template (AS/JT) A. REFERENCE AND BACKGROUND: The EDA is asked to adopt amendments to the Small Business Emergency Grant Agreement Guidelines and Agreement template to comply with requirements for reimbursement of the grant funding through the city's CARES Act allocation. The EDA approved the Small Business Emergency Grant Program and the GMEF account as a source of the funding at its regular May 27, 2020 meeting. The Grant Program was set up with $100,000 as an initial emergency assistance fund. This set-aside amount is expected to fund a total of 20 grants [$100,000/$5,000 = 20]. The EDA has currently received 18 applications for funding, approving 17 to-date with one pending on this agenda. With the passage of the CARES Act, the City of Monticello will receive an approximately $1,038,000 allocation. This allocation may be used to reimburse the Emergency Grant program. Therefore, the EDA took companion action in July on an Interfund Loan resolution which will allow reimbursement for eligible grants from the CARES Act allocation. The City Council took further action in July to allocate up to $200,000 to the EDA for this purpose. With additional guidance having now been received on the use and accounting of the funds to be reimbursed through CARES, the EDA's attorney has recommended minor amendments to both the grant guidelines and grant agreement. These amendments make it clear that the funds cannot be used for payment of property taxes and that should the applicant receive funds from multiple programs utilizing CARES Act reimbursement, the funding must be for separate and exclusive purposes. Grant recipients are bound by the same spending requirements as the City. The grant agreement now clearly requires a statement from the applicants when submitting their proof of expenses. Al. STAFF IMPACT: Staff time involved in these amendments was limited to research on guidance, preparation of the report, and the time of the EDA attorney in preparing the amendments consistent with CARES Act requirements. A2. BUDGET IMPACT: Limited to EDA attorney expenses, estimated at 1-2 hours total. B. ALTERNATIVE ACTIONS: L Motion to approve an Amendment of Small Business Emergency Grant Guidelines and Agreement Template 2. Motion to deny an Amendment of Small Business Emergency Grant Guidelines and Agreement Template 3. Motion to table consideration of for additional information. 1 EDA Agenda: 8/12/20 C. STAFF RECOMMENDATION: Staff recommends Alternative #1. These amendments provide additional language for compliance with CARE Act reimbursement requirements. D. SUPPORTING DATA: A. Small Business Emergency Grant Program Guidelines, Proposed Amendment B. Grant Agreement Template, Proposed Amendment C. Grant Application CITY OF • `. ��� c�n lce o MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY SMALL BUSINESS EMERGENCY ASSISTANCE PROGRAM POLICY PURPOSE The Economic Development Authority for the City of Monticello (EDA) recognizes that small businesses are vital to the fabric of the Monticello community. Accordingly, the Monticello Economic Development Authority (EDA) has developed a Small Business Emergency Assistance Program to address working capital needs upon the declaration of a state of emergency by the State of Minnesota (State) and the City of Monticello (City). The purpose of this program is to ensure the viability of the community's small businesses faced with the current COVID-19 health emergency, which is adversely impacting the local economy. The goal of this program is to provide needed financing for local businesses to help sustain operations and endure economic hardships during this challenging time. The program is structured as grant assistance. Grant funds are available on a firsteome, firstserved basis. The program is subject to funding availability from the EDA. The EDA retains the authority and discretion to approve or deny an application, and reserves the right to subsequently add further priorities, change eligibility criteria, or discontinue the program in response to changing circumstances. ELIGIBILITY a. Eligible Businesses To be eligible to receive Small Business Emergency Assistance funds, a business must demonstrate that its operations have been directly and adversely affected by the COVID-19 Health Pandemic and include the following: 1. Eligible business types include locally owned and operated businesses noted in Executive Orders 20-04 and 20-08, such as those listed below. Restaurants, cafes, coffeehouses, and other places of public accommodation offering food or beverage for on-premises consumption. Taverns, brew pubs, microbreweries, distilleries, wineries, tasting rooms, and other places of public accommodation offering alcoholic beverages for on-premises consumption. Gymnasiums, fitness centers, indoor sports facilities, indoor exercise facilities, businesses offering massage therapy, spas, salons, nail salons, cosmetology salons, and barber shops. This includes, but is not limited to, all salons and shops licensed by the Minnesota Board of Cosmetologist Examiners and the Minnesota Board of Barber Examiners. • Bowling alleys, theaters, skating rinks, and other similar recreational or entertainment facilities. • Local boutique and specialty retailers. 2. Other businesses as approved by the EDA. b. Eligibility Requirements The business shall have a physical address (proof of address required) within the corporate boundary of the City and have been operating within the City long enough to demonstrate financial viability; The business shall employ between 2 and 25 Full Time Equivalent (FTE) employees prior to the issuance of the State of Minnesota Emergency Executive Order 20-04 (March 16, 2020) and/or make $1 million or less in annual gross revenue. For purposes of calculation, the term "employees" may include those staff renting or leasing facilities within the Monticello business location. 4. All businesses must serve the general public and be a conforming or legally non-conforming use under the current zoning regulations of the City, and must not be in violation of the City's zoning code. Applicants are strongly encouraged to claim all applicable private and public insurance and utilize all other sources of applicable assistance available from other private and public sources. Applicants are also strongly encouraged to apply for an Economic Injury Disaster Grant through the Small Business Administration (SBA) and Small Business Emergency Grant through the Minnesota Department of Employment and Economic Development (DEED) prior to applying for this grant. For more information, visit: Guide to financial resources for Minnesota small businesses While not absolutely required, applications which include proof of application submittal, acceptance, approval and/or denial of State and federal emergency financing programs will receive higher scores in evaluation. Assistance cannot be provided to businesses that: • Do not have a physical address (and building/location) within the City of Monticello. • Have more than three total locations operating as part of the business enterprise. • Derive income from passive investments without operational ties to operating businesses or whose primary source of revenue is from business-to-business transactions. • Primarily generate income from gambling activities. • Have no current or historical financial statements. • See also a2 above. FUND TERMS & CONDITIONS a. Amount: Businesses may apply for a one-time emergency grant of up to $5,000. The EDA shall determine the final award amounts based upon scoring criteria. b. Term: All grant awards must be utilized within two months of the date of the grant fund disbursement. c. Uses: Awarded funds may be used exclusively for current payroll obligations (i.e. may not include employees who have been laid off), lease or mortgage payments, utilities, accounts payable, ��e�and other critical business expenses that can't be paid as a direct result of the current health emergency. Awarded funds ma� not be used for navment of nronert=v or other taxes or for the businessowner's/manager's �ersonal uses or ex�enses. The City reserves the right to pay or require payment of delinquent �bills; or charges due to the City out of funds awarded. d. Proof of Need: Applicants shall be required to provide proof of financial need for grant funds. This includes but is not limited to the previous year's annual gross revenue, average monthly gross revenue prior to COVID-19, and projected monthly gross revenue for the next three months. Additionally, as noted above, applicants are encouraged to provide evidence of application submittal, acceptance, approval and/or denial of State and federal emergency financing programs. PLEASE DO NOT SUBMIT FINANCIAL STATEMENTS RATHER SUBMIT A SUMMARY OF THE INFORMATION REQUESTED. e. Proof of Expenses: Applicant shall provide proof of eligible expenses requested to be paid with grant funds. See list of eligible grant uses above. f.� Disbursement of Funds: Funds shall be distributed within three weeks after fully executed grant agreement has been received. g. Termination: The EDA retains the right to terminate any agreement under the Emergency Assistance Program if a grant recipient is found to be in violation of any conditions set forth in the grant guidelines or grant agreement. h. Right to Deny: The EDA retains the right to deny any application for grant funding. i. GrantAgreement: Upon a successful grant application being awarded funds, the grant recipient shall enter into a Grant Agreement with the EDA. Funds will not be distributed for any grant award until a grant agreement has been executed by all required parties. j. Reporting: As a condition for receiving grant funding, all grant recipients are required to submit a brief report to the EDA within two months after receiving grant funds, specifying how the entirety of the grant funds were utilized and providing evidence in the form of paid invoices, statements, or similar documentation. k. Funding Availability: The Small Business Emergency Assistance program has a limited amount of funds available. Awards will be provided on a first-come, first-served basis until the earlier of the date the fund is exhausted, or the City-declared state of emergency declaration is lifted. l. Indemnification: All grant recipients shall be required to indemnify the City of Monticello, the Monticello Economic Development Authority, and any officers acting on their behalf. APPLICATION PROCESS Prior to applying, please review the Program Guidelines to determine if your business is eligible. Applications will be available June 1st, 2020. 1. Applications are available on the City's website: www.ci.monticellamn.us. 2. Application requirements will include: • Basic details about the business. • Basic employment and annual gross revenue information. • Information on current operations including whether the business is currently closed or is providing reduced services. • Narrative descriptions and estimated calculations of the negative impacts on the business due to COVID-19. • A narrative description of the current plans for resuming operations following the COVID-19 crisis. • Information on the intended use of the grant funds. • Evidence of application submittal, acceptance, approval and/or denial of State and federal emergency financing programs, as applicable. • Supporting documentation and application attachments. Fully completed and signed applications along with required documents may be submitted online to: Communit�.develo�ment@ci.monticello.mn.us Please note that mailed hard copy applications will take longer to process. 4. Upon submission of application, applicants will receive an email confirming receipt of application. 5. The application will be reviewed for eligibility upon receipt. If additional information or documentation is necessary, EDA staff will contact the applicant. Due to an expected high volume of applications, you may consider your application complete if staff does not request additional information within 10 business days after application acceptance. FUNDING PROCESS If application is approved and funds are available, businesses will be notified within 2 business days and provided with an electronic grant agreement for signatures. Small businesses receiving funds must commit to using the funds for eligible program expenses and must agree to document and report specific uses of the funds. All grant recipients are required to submit a brief report to the Monticello EDA within two months after receipt of funds, specifying how the entirety of the funds were utilized and providing evidence in the form of paid invoices, statements, or similar documentation. GRANT AGREEMENT If the application for Small Business Assistance is approved, the applicant and business owner will be required to enter into a grant agreement to proceed. The agreement will specify the terms and conditions of the grant as identified herein. FOLLOW-UP and ADDITIONAL RESOURCES: For businesses needing additional resources such as technical assistance, larger working capital grants, or other, staff will provide ongoing assistance to businesses of all sizes and types, working with partners and other levels of government to access resources as available, such as SBA and State of Minnesota DEED grants. Staff will conduct a check-in with grant recipients within one year of the distribution of funds to learn the effect of the grant and business outcomes such as economic impact of the grant program, (including, but not limited to, employees retained or rehired, and sales) and whether they match the program's desired outcomes of business and/or job retention. QUESTIONS Any questions related to the application process or for assistance in completing the application should be directed to: Jim Thares Economic Development Manager City of Monticello 763-271-3254 communit�. develo�ment@ci.monticello.mn.us Document comparison by Workshare 10.0 on Thursday, July 23, 2020 9:24:49 AM Input: Document 1 ID Powerpocs://DOCSOPEN/665047/1 Description DOCSOPEN-#665047-v1-Monticello_Small_Business_Gr ants Guidelines Document 2 ID Powerpocs://DOCSOPEN/665047/2 Description DOCSOPEN-#665047-v2-Monticello_Small_Business_Gr ants Guidelines Rendering set Standard Legend: Insertion r�oi o�; �r ��� o� � � Moved to Style change Format change Inserted cell Deleted cell Moved cell Split/Merged cell Padding cell Statistics: Count Insertions 1 Deletions 3 Moved from 0 Moved to 0 Style change 0 Format changed 0 Total changes 4 SMALL BUSINESS EMERGENCY ASSISTANCE GRANT AGREEMENT This Grant Agreement ("Agreement'� is made this _ day of , 2020, between the City of Monticello Economic Development Authority, a public body corporate and politic and political subdivision of the State of Minnesota ("Grantor"), and [name of business], a Minnesota [type of business entity, e.g. limited liability company, sole proprietorship, assumed name, etc.] ("Grantee"). RECITALS A. In March 2020_ Governor Tim Walz issued a series of Emer.e�enc�,� Executive Orders in resnonse to the CnVTD-19 nandemic which closed nublic and nrivate schools_ closed bars_ � � � � restaurants_ and other nlaces of accommodation and e.e n�eralle�� reauired Minnesotans to sta�,� at home_ while acknowled�uin,� that the State's resnonse to the COVID-19 pandemic would result_ either directl�,� or indirectiv_ in the closure of man�,� of Minnesota's businesses. B. In an effort to miti,�ate the economic distress caused b�,� the COVID-19 pandemic_ Con.e�ress passed the Coronavirus Aid_ Relief_ and Economic Securi e,� Act (CARES Actl to ron vide fundin,� to States and local ,�overnments to cover costs associated with the COVID-19 nandemic. C. Guidance issued b�,� the federal ,�overnment nrovides that CARES Act fundin��is intended to cover a variet�,� of costs incurred b�,� State and local ,�overnments in res on ndin,� to and miti'e�atin,� the effects of the COVID-19 public health crisis_ includin�nenses to enable comnliance with nublic health measures such as facilitatin,� distance learnin,� and im rn ovin� telework capabilities_ and exnenses associated with economic subnort_ such as ,�rants to businesses. D. Pursuant to federal and State �uidelines established for exnenditure of the CARES Act fundin�_ Grantor has created its Small Business Emergency Assistance Grant Program (the `�'rogram'� and has approved guidelines for the Program (the `�'rogram Guidelines'�,_ which are incorporated into this A�reement bv reference. �E Grantee has submitted an application for a grant (the "Grant Application'� under the Program Guidelines, and Grantor has approved a grant to the Grantee in the amount of $ (the "Grant'� to pay a portion of the expenses described in the Grant Application, in connection with Grantee's [kind of business, e.g. restaurant, salon, etc.] located at in the City of Monticello, Minnesota (the `�ity'� (the "Grant Activities'�. �F. The Grantor and Grantee wish to memorialize the terms of the Grant in this Agreement. ACCORDINGLY, the parties agree as follows: 1. The Grant Amount. Subject to the terms of this Agreement, the Program Guidelines, and the Grant Application (together, the "Grant Documents'�, Grantor agrees to grant to Grantee the sum of and no/100ths Dollars ($ ). The Grant will be paid by Grantor to Grantee for the Grant Activities approved under the Grant Documents in accordance with Section 2 hereof. 2. Pa�ment of Grant Proceeds. (a) The Grant will be paid to Grantee in accordance with the terms and conditions of the Grant Documents. The Grantee agrees that any costs of the Grant Activities exceeding the amount to be paid under this Agreement are the sole responsibility of the Grantee. (b) The Grantor will pay the Grant to Grantee once the Grantor has received from Grantee, without expense to Grantor,—= (il a signed copy of this Agreement� (iil a list of the Grant Activities that will be paid from the Grant_ and (iiil a written statement from the Grantee certif�,� that none of the Grant Activities for which the pa�ment is �nosed to be made has formed or will form the basis for an�a�,�ment made under an�,� other a,�reement with an�,� other .e�rantor. Re�resentations and Warranties. Grantee represents and warrants to Grantor that: (a) Grantee is authorized to sign, deliver, and perform this Agreement and to receive the Grant from Grantor. (b) Grantee agrees that it will keep and maintain books, records, and other documents relating directly to the receipt and payment of Grant proceeds and that any authorized representative of Grantor, with reasonable advance notice, may have access to and the right to inspect, copy, audit, and examine all such books, records, and other documents of Grantee related to the Grant until Grantee provides its final report to Grantor. (c) To the best of Grantee's knowledge, Grantee has fully complied with all applicable s�efederal and State laws reasonably relevant to this Agreement and will continue to comply throughout the term of this Agreement. If at any time Grantee receives notice of noncompliance from any governmental entity, Grantee agrees to take any necessary action to comply with the �efederal or State law in question. (d) Grantee will use the proceeds of the Grant made by Grantor only for the Grant Activities, and within 60 days after the date of this Agreement, Grantee will provide to Grantor in writing a brief report (like the example included in the Grant Application), stating how all of the Grant funds have been used and providing evidence in the form of paid invoices, statements, or similar. 2 4. No Business Subsidv. The parties agree that the Grant is not a business subsidy as defined in Minnesota Statutes, Sections 116J.993 to 116J.995, as amended (the `Business Subsidy Act'�, because the assistance is in an amount less than $150,000. 5. Indemnification. (a) Grantee agrees to indemnify against and to hold Grantor, and its officers, agents, and employees, harmless of and from any and all liability, loss, or damage that it may incur under or by reason of this Agreement, and of and from any and all claims and demands whatsoever that may be asserted against Grantor by reason of any alleged obligations or undertakings on its part to perform or discharge any of the terms, covenants, or agreements contained herein. (b) This indemnification and hold harmless provision will survive the execution, delivery, and performance of this Agreement and the payment by Grantor of any portion of the Grant. (c) Nothing in this Agreement will constitute a waiver of or limitation on any immunity from or limitation on liability to which Grantee is entitled under law. 6. Miscellaneous. (a) Waiver. The performance or observance of any promise or condition set forth in this Agreement may be waived, amended, or modified only by a writing signed by Grantee and Grantor. No delay in the exercise of any power, right, or remedy operates as a waiver thereof, nor shall any single or partial exercise of any other power, right, or remedy. (b) Assi n� ment. This Agreement is binding upon the parties. All rights and powers specifically conferred upon Grantor may be transferred or delegated by Grantor to any of its successors and assigns. Grantee's rights and obligations under this Agreement may be assigned only when such assignment is approved in writing by Grantor. (c) Governin� Law. This Agreement is made and shall be governed in all respects by the laws of the state of Minnesota. Any disputes, controversies, or claims arising out of this Agreement shall be heard in the state or federal courts of Minnesota, and all parties to this Agreement waive any objection to the jurisdiction of these courts, whether based on convenience or otherwise. (d) Severabilitv. If any provision or application of this Agreement is held unlawful or unenforceable in any respect, such illegality or unenforceability shall not affect other provisions or applications that can be given effect, and this Agreement shall be construed as if the unlawful or unenforceable provision or application had never been contained herein or prescribed hereby. 3 (e) Notice. All notices required hereunder shall be given by depositing in the U. S. mail, postage prepaid, certified mail, return receipt requested, to the following addresses (or such other addresses as either party may notify the other): To Grantor: City of Monticello Economic Development Authority 505 Walnut Street, Suite 1 City of Monticello, MN 55362 Attn: Executive Director To Grantee: Attn: (f) Termination. On the date the Grantor receives Grantee's written report on Grantee's expenditure of Grant proceeds as described in paragraph 3(f) of this Agreement, this Agreement will terminate and neither party will have any further obligation to the other. (g) Entire Agreement. This Agreement, together with the Grant Documents, is the entire statement of agreement between the Grantor and Grantee regarding the Grant. � IN WTTNESS WHEREOF, this Agreement has been duly executed and delivered by the proper officers thereunto duly authorized on the day and year first written above. GRANTOR: CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY By: Its President By: Its Executive Director [SIGNATURE PAGE TO GRANT AGREEMENT - GRANTOR] GRANTEE: [Business name] : Title: [SIGNATURE PAGE TO GRANT AGREEMENT - GRANTEE] 656052v1 M� MN190-101 Document comparison by Workshare 10.0 on Wednesday, July 22, 2020 3:11:32 PM Input: Document 1 ID Powerpocs://DOCSOPEN/656052/1 Description DOCSOPEN�#656052-v1-Monticello_emergency_assistan ce_grant_agreement Document 2 ID Powerpocs://DOCSOPEN/656052/2 Description DOCSOPEN�#656052-v2-Monticello_emergency_assistan ce_grant_agreement Rendering set Standard Legend: Insertion r�oi o�; �r ��� o� � � Moved to Style change Format change Inserted cell Deleted cell Moved cell Split/Merged cell Padding cell Statistics: Count Insertions 14 Deletions 6 Moved from 0 Moved to 0 Style change 0 Format changed 0 Total changes 20 � C I T Y o F MONTICELLO EDA � • �Qr]�1C� Q SMALL BUSINESS EMERGENCY GRANT APPLICATION 1. CONTACT INFORMATION Legal Name of Business: Project Site Address: City / State / Zip: Contact Person(s): Business Phone: Home Phone: Check One: Federal ID # Property Owner: � Proprietor Email: � Corporation State ID # � Partnership 2. BUSINESS INFORMATION Please attach additional documents/pages as needed to be complete as possible. a. Years of operation in Monticello b. List below the number of part time and full time employees. For purposes of calculation, the term "employees" may include those staff renting or leasing facilities u�ithin the Monticello business location. Prior to March 15th, 2020 FT PT Current FT PT 1 c. Give a brief summary of your business (products, services, growth history, operations, number of locations, etc.) d. Provide information regarding how your operations have been impacted by the pandemic, specifically hours of operation, employee reductions, etc. Include any strategies implemented to sustain your business e. Describe of the current plans for resuming operations following the COVID-19 crisis. 3. GRANT REQUEST Amount Requested: $ 4. FINANCING Please provide documents/evidence of other sources of state or federal funds your business has been awarded or denied during the COVID pandemic, as applicable, including Economic Injury funds, PPP, etc. 5. ATTACHMENTS CHECK LIST Please attach the following: A) Proof of address B) Financial statements, such as: • Previous year's annual gross revenue • Average monthly gross revenue prior to COVID-19 • Projected monthly gross revenue for the next three months PLEASE DO NOT SUBMIT FINANCIAL STATEMENTS RATHER SUBMIT A SUMMARY OF THE INFORMATION REQUESTED. C) Proof of expenses to be paid D) Award/denial letters — State and Federal Assistance Programs AGREEMENT I/ We certify that all information provided in this application is true and correct to the best of my/our knowledge. I/ We authorize the Monticello EDA to verify financial and other information. I/ We agree to provide any additional information as may be requested by the city. The undersigned has received the EDA's policy regarding the program and complies with all eligibility requirements. Further, the applicant understands that funds are awarded on a first-come first served basis. APPLICANT SIGNATURE APPLICANT NAME (Print): DATE: The EDA is a governmental entity and as such must provide public access to public data it receives. Data deemed by Applicant to be nonpublic data under State law should be so designated or marked by Applicant. See Minnesota Statutes, Sections 13.591, Subd. 1 and 2. EDA Agenda: 08/12/20 6. Consideration of Approving Small Business Emergencv Grant Agreement in the Amount of $5,000 to Evolution Taekwondo Monticello LLC to Mitigate COVID-19 Economic Impacts (JT) A. REFERENCE AND BACKGROUND: The EDA is being asked to consider approving a fifth batch of application(s) to the Small Business Emergency Grant Program. The EDA approved the Small Business Emergency Grant Program and a source of funding at its regular May 27, 2020 meeting. The Grant Program was set up with $100,000 as an initial emergency assistance fund, utilizing the Greater Monticello Enterprise Fund (GMEF) Loan program. The original emergency grant fund program was set up to provide a total of 20 grants in the amount of $5,000 each. Funding provided to the City of Monticello's through the Federal Government's CARES Act also allows direct assistance to be provided to businesses impacted by COVID-19 pandemic response efforts. The EDA took action at its July 22, 2020 meeting, authorizing an Interfund Loan to reimburse its GMEF account for all grants approved prior to July 22, 2020 (total of $85,000). The companion City Council CARES Act resolution, adopted on July 27, 2020, authorized the EDA to utilize up to $200,000 of CARES Act funding for its emergency grant assistance program, or a total of 40 grants (this includes the 17 grants that have been previously approved) in the amount of $5,000 each. CARES Act funding must be distributed by mid November 2020. For the August 12, 2020 EDA meeting, one (1) new Grant Assistance application was received and is being presented for consideration. Please see the table below. Name of Business Tvae of Business # of Emplovees Amount of Grant Evolution Taekwondo Fitness/Martial Arts 2 $5, 000 Staff have reviewed the application (attached) for completeness and adherence to the program guidelines. A summary grant review evaluation spreadsheet is also included to help the EDA in its review and discussion at the meeting. It should be noted that the applicant indicated that there is just one full-time and one part-time employee. Per the EDA's grant guidelines, businesses shall employ between 2 and 25 Full Time Equivalent (FTE) employees. Staff understand the need to support the local businesses at this time and note the establishment has been in business in Monticello for the past eight years. The EDA has already approved seventeen (17) grants or $85,000 in total funding since the creation of the grant program. If the EDA approves the additional grant request, a program balance of $110,000 or twenty-two (22) additional grant requests remains (utilizes CARES Act allocation of $200,000 authorized by City Council on 7-27-20). Al. STAFF IMPACT: Staff time involved in considering the grant request involves the work related to reviewing the application and preparing the staff report for the EDA meeting. The EDA's legal counsel provided a grant agreement template which is also attached to the Staff Report. 1 EDA Agenda: 08/12/20 A2. BUDGET IMPACT: The budget impact from considering approving one (1) Small Business Emergency Grant is in disbursing an additional amount of $5,000 from the Emergency Grant Assistance Program. If the EDA approves the one (1) new grant in addition to the seventeen (17) that were previously approved, the remaining fund balance would be $110,000. It is noted that any money granted to the applicant will utilize the Federal Government CARES Act program. B. ALTERNATIVE ACTIONS: L Motion to approve Small Business Emergency Grant Agreement between the EDA and Evolution Taekwondo Monticello LLC in the amount of $5,000 to mitigate COVID-19 economic impacts. 2. Motion to deny approval of Small Business Emergency Grant Agreement between the EDA and Evolution Taekwondo Monticello LLC in the amount of $5,000 to mitigate COVID-19 economic impacts. 3. Motion to table consideration of approving Small Business Emergency Grant Agreement between the EDA and Evolution Taekwondo Monticello LLC in the amount of $5,000 to mitigate COVID-19 economic impacts. 4. Motion of other. C. STAFF RECOMMENDATION: Staff recommends Alternative #1. It should also be noted that if the grant is approved, it is not considered a"business subsidy" as defined in state statutes. The program guidelines require the grant recipient to provide a brief follow-up report back to the EDA describing how the funding was used. D. SUPPORTING DATA: A. Evolution Taekwondo Monticello LLC Application B. Evolution Taekwondo Monticello, LLC Lease Agreement C. Evolution Taekwondo Monticello, LLC Financial Summary Information D. Summary Grant Review-Evaluation Checklist E. Grant Agreement Template (on Agenda for approval of proposed Amendment) F. Small Business Emergency Grant Program Guidelines (on Agenda for approval of proposed Amendment) G. EDA Emergency Grant Program Interfund Resolution #2020-08 H. City Council CARES Act Resolution #2020-57 � � "'` �' f M(3NTICELLQ EDA � � iV 1(��tl�'� � 5MALL SUSINESS EMERGENCY GRAhiT APPLICATIDN 1. C�NTACT INFQRMATIQN E�olution Taekwando Monticello LLC Leg�l Naine of BusiYzess: Pro}�ct Site Ac�cir�ss: ���� ��'���I olv� ���� � st�t�, ����: Monticel Io, M N 55362 �ont��tPprs�l��s�: Adam Johr�son 7�3-4�4-9937 Btrsuiess Phone: Eiaiail: Hoine Phoi�e: Check Chze Federal IL? « ❑ I'ro -�rietor � Corparation State ID � Pro�?ert4r ��er: �J�`Ilberg B�siness Center � Partnershi� 2. BUSINESS INFC)1�MATI[]N I'Iease uttaclx �dditin�cul docurneritsl�uges �zs r�eer�ec� to �e c:o�r�p�ete as �ossiU�e. cx. Years af o��er�tion u� 1Vlasiticello 8 Years �. List helow d1e nu�nber of �art time �icl full time em�loj�ees. Far �urposes vf catcu�atiar�, t�e term "ernplayees" maa� incd�de fhase staff rentin� or lec�sing �i��:aIdtiE�s :uit}�irc ti�e.'L�Iojiticel2c� hu,�irE�s� lc?cc�tin�c. Prior to M�rc:}i I5'�, ?0?0 F�' � PT � Current FT � PT 1 Give a brief summary of your business (products, services, growth history, operations, number of locations, etc.) Evolution Taekwondo (TKD) Monticello, was established in 2012. It is a fitness and Martial Arts Gym. I teach TKD, Personal Safety and Self Defense. Students range in age from 4 years old to Adult. Evolution TKD Monticello only has one location. Our normal student base is approximately 40 to 60 students. d. Provide information regarding how your operations have been impacted by the pandemic, specifically hours of operation, employee reductions, etc. Include any strategies implemented to sustain your business My business has been negatively impacted by COVID 19. During the state wide shutdown, we were required to close our doors loosing any source of revenue. When the shutdown ended, fitness centers and martial art gyms, were some fo the last to re-open. Shutting our doors lost me approximately $2200.00/mo. from class fees, approximately $3500.00 for a tournament, approximately $1600 in testing fees and an unknown amount in equipment and uniform sales. My monthly rent is $1200/mo. which I have been unable to pay to this point. The money from the tournament normally suppliments my drop in business over the summer months, so my rent stays current. e. Describe of the current plans for resuming operations following the COVID-19 crisis. My plan for resuming business post COVID 19 is to continue to recruit for new students, attend community events, host the Taekwondo Tournament and grow the school. My goal will be to take in enough revenue to help me stay in business in case another pandemic occurs. To make sure I don't need to rely on assistance to stay in business. 3. GRANT REQUEST ATnount Requested: $ �Q�d•�0 4. FINANCING Ple�se �7ra�ritie dr�L-umentsre��ic�ence off other sources of state or fecleral f�zcis yoexr bus�iess has Ueen �warded vr dei�ied ciuruzg #he CflVID paizdemic, as a����lic�ble, including Economic I��}ur�� fiu�cis, PPP, etc. ���r�r:�y:i►�i�.��Y�a:�xy:����i Please �tf�c� the follotivizig: x A) Proof af adciress x �} Fi��aitcial st�ternei�ts, suc }t a�: r Pre�i�us year'S �nr1u�I gross reVenue • l�verage ��io�itl�ly gross res-enue priar to CQVID-19 • PTQ�PC�eC� iYlC]11iIlI�F gross revPIll1E' fOT [�le IleXt ��lT'Ee iilQlll��d5 PLEASE D0 NL7T �LTSMIT FINANCLAL STATEMENTS RATHER SUBMIT A SL}'NLMARY C��' THE �NF�R112ATION REQUESTE�. � C} Praof Qf exFeanses to t�e paid ��� D} A�varci�denial letters — State and Federal Assist��ce Programs 6. AG�E�IVIEI�T I j We cerfi£�r thai all infax�nation �.�ro�-ide�i i�z this a�plicativii is true an�� cvrrect ta tlie k�est of my/our lciio�Tleeige. I j We autl�orize the Moxiticello EDA to G erify fin�icial �nti otller ulforrnation. I/ We agree ta ��ro��de an4f aa��iitional 'u�formatinn as ulay Ue requesteci by the cit�r. T1�e uiidersigned has received the EDA'S polic.-�� regardi�z� the �rogram and complies witP� all eligil�ility re��uireanents. Further, the applic�nt underst�nds that fi_inds are �r,��arcied on a first-�a�i�e first sen•eci l�asis. �. ! APPLICANT �IGNATLJRE r►,L ,. APPLICANT NAME {Print}: �dam Johnson I]ATE: $13f2�20 The EDA is a�oz�errtmenia� es�tity urid us surh rnust �arnr�idc� puvltic ac-ress to �aeeblzc data it receia�es. Daia cleemFd by Ap��ieant �a +�e no�:pu�ilic, dattx u�eder 5tczte Iazi> sliau�d �e so d�si�►zated vr markc�d iry A�ticurtt. 5ee Miozfeesota 5tr�tutes, �5ectiar�s 13,59T, Seet�d. T und 2. J Office Space Lease This Lease Agreement (this "Lease") is dated May 1, 2018 by and between Kjellberg's Business Center, LLC ("Landlord"), and EV�OLUT14N TAEKWONDQ ("Tenant"). '1'he parties agree as follows: PREMISES. Landlord, its cr�nsic��ration of the lease pa}miet�ts provided in this Lease, leases to Tenant S�ite 4272 5chaol Blvd, in K�ellberg's Business Center (the "Premises") located at 4272 School Boulevard, Montic�llo, MN 55362. TERM. The lease ternl will begin on May ], 20l $ and wi11 tenninate on Febrtiary 28, 2019. LEASE PAYMENTS. Tenaut sliall pay to Landlord monfhly install�nents of $1,200.(��, payable in advance on the first day of each month, for a tatal lease payment of $1 �,400.00. Lease payme�rts shall be made to the Landlord at 4300 Schaol Boulevard, Monticello, MN SS362, which address rnay be changed from time ta time by the Landiord. SECUFt1TY DEPOSIT. At the time of the signing of this Lease, Tenant has been a good tenant %r naany years and will require no additional deposit. However lanc�lord reserves the right to charge �or Tenant da►nages to the Premises {if any} as provaded by 1aw. POSSESSION. Tenant shall be entitled to possession on the iyrst day of the tenn of this Lease, and shall yield possession ko Landlord on the last day c�f the tern� of tliis Lease, unless otherwise agrced by both pa�rties in vvriting. At the expiration of thc ierm, Tenant shall remove its goods and effects and peaceably yield up khe Premises to Landlord in as good a eondition as when delivered ta Tenant, ordinary wear and tear excepted. Landlord prom'ises to place Tenant in peacefiil possession of the Oft`ice Space, a�id Tenant, hy taking possessioii of the �ffice Space, will have acknowledgetl that the Office Space are in s�tisfactory and acceptable condition. Landlord pron}ise� to place Tenaut i« peaceful passession of the Office Space, atid Tenant, by taking possession of the Offic� Space, wi11 have acknowledged that the Office Space are in satisfactory and acceptable condition. llSE OF PREMISES. Tenant may use the Preu�ises only for Purposes of canducting legal non- retaii comm�rce The Premises inay be used for any other purpose only with the prior written cansent of Landlord, whic�� shall not be unreason�bly withlield. Tenant sha�l uotify Landlarci of any anticipated extended absence from the Yrem�s�s not later than the first day of the extended abscnce. PROPERTY INSURANCE. Lar�dlord and Tenant sha�] each maintain apprapriate insurance for their respective interests in th� Premises and prop�r#y locat�d an the Premises. Landlord shall be named as ara additional insured in such palicies. Tenant shall deliver appropriate evidence to Landlord as proaf that adequate insurance is in force issued by companies reasanably satisfactary to Lancilord. Landlord shall receive advance written notice from the in�urer prior to any termination af such insurance palicies. Tenant shall alsa maintain ai}y other insurance which Landlord may reasonably require far the protectian of Landlord's interest in the Premises. Tenant is responsible for rnaintaining casualty insurance on its owu pr�perty. LIABILITY INSURANCE. Tenant shali maintain tiability insurance on the Premises in a total aggregate sum af at least $ l OQ,0d0.00. Tenant shall deliver appropriate evidence to �.andlard as proof that adequate insura�ce is in force issued by compaiiies reasonably satisfactory ta �.andlord. Landlord shall receive advance written notice fram the insurer ptiar to any termination of such insurance palicies. RENEWAL TERMS. This Lease shall autornatically renew for an additio�ial period of 90 days per renewal term, ttnless either party gives written notice of tennination no later than b0 days days prior to the end of the ter�n or renewal terrn. The lease terrns durir�g any such renewal term shall be the sarrye as khose contained in this L�ase except that the lease installment payments shall be $1,600.00 per rnanth, unless atherwise n�gotiated. COMMON AREAS OF UFFICE SPACE. Landlord shall make availablc at all times during the ternr� of this lease in any portion of the Ofiice Space that Landlord fram time to time desigtiates or relocates, automobi�e parking and camnion areas as Landlard shall from time to time dee�n appropriate. Tenant shall have the nonexclusive right during the term of this lease ta usc the cotnmon areas for itself, its employees, agents, customers, clients, invitees, and licensees. Landlord �reserves the right to re-desi�nate a cammon area for a non-cammon use or to designate as a comr�on area a portion c�f the Ofiice Space not previously designated a conunon area. A1i common areas shall be subject to the exclusivc control and management of Landlord or any other persons ar norninees that Landlard cnay have delegated or assigned to exercise managcment or cantrt�l, in whale ar in part, in Landlord's place and stead. Landiord shall have che right to close, if necessary, all or any portian of the comn�on areas as is deemed n�cessary by Landlord to effect neccssary repairs, maintenance, ar construction, or to �naintain thc safety of tenants or the general public. Landlord will maintain the common areas in a clean, orderly, a�d sanitary manner, Landlord is respansible far all repairs of the common areas, except those requir�d by the negligence of Tenant. Landlord and Landlord's no�iinees and assignees shall liave the right to establish, madify, amend, and enforce reasonable rules and a�e�ulakions wikll respect ta the common areas and the �ffice Space. Tenant shall fully and faithfully comply with ant3 abserve the rules and regulations for the common areas �nd the Building ("the Building Rules and Regulations"), of which the Leased Space is a part, including any additions ar amendrnents to the Building Ru1es and Regulations that may be hereafter enacted by Landlord in Landlord's sole discretian. CONFERENCE 1i00M. Conference room may be reserved for use at no aciditional cost. Conference raam may be used f�r up to � hours per week, (based on availability), in 4 haur blocks of time. WIRELESS �NTERNET. Wireless internet access �s provided free to charge to paying tenants. Harci wire internet is aEso available. JANITORIAL SERVICE. The Landlord shail provide regular janitorial service to tlie Leased Office 5pace at its sole expense. COVENANT AGAINST WASTE. Tenant agrees that Tenant will not comrnit waste in or upon the Office Space ar any partian thereof. The Ter�ant shall be responsible for the ventilatio�i and cl�anitness of the demised premises and for keeping the waste sewerage lines free from grease sto�pages. TAXES. T�xes attributable to the Prcmises �r the use of the Premises shall be allocated �s follows: REAL ESTATE TAXES. Lar�dlord shall pay all real estate taxes and assessn}ents for the Premises. DEFAULTS. Tenant shall be in default of this Lease if Tenant fails to fii1fi11 any lease obligation or term by which Tenant is botmd. Subject ta any goveming �ro�isions of law �o the contrary, if Tenant fails to cure any financial obligation within 5 days (ar any other obligation within 10 days} af�er written notice of sueh default is pravided by Landlord to Tenant, Landlord may tal�c posscssion of the Premises without �i�rtlier natice (to the extent permitted by law}, and without prejudicing L�ndlorci's rights to damages. In the alternati�e, Landlord r��ay elect to cure any default anci thc cast of such action shall be added to Tenant's iinancial obligations ur,der this Lease. Tenant shall pay all costs, dainages, and expenses {including reasonable attorney fees and expenses) suffered by Landlor� by reason of Tenant's defaults. All surns of money or charges r�quired to be �aid by Tenant under this Lease shall be additional rent, whether c�r not such sums or char�;es are designatcd as "additional rent". The rights provideci by this paragrapl� are cumulative in nat��re and �re in addition to any other rights afforded �y law. TERMINATION. Tenant may ternsinate the lease with TWO FULL months' notice. Notice to kenninate must be given an the first af thc month in which the notice is ta bc cffeGtiv�. NotiGc given prior to the tirst of the month will count tow7rds the following manth(s) only. T�nant will pay rent for tho5e two months and will forfeit deposit as an early tez-r�i�natior� fee. LATE PAYMENTS. Far any payment khat is not paid within 5 business days days after its due date, Ter�ant shall pay a late fee of $35.00. CUMULATIVE RIGHTS. The rights of the parties �inder this Lease are cumulative, and shall not be construed as exclusive unless otherwise requii•ed by l�w. NON-SUFFICIENT FU1'�1DS. Tenant shail be charged $30.00 for each chec�C that is ren�rned to Landlord for lack af sufficieut funds. ACCESS BY LANDLORD TO PREMISES. Subjeet to 7'enant's consent (which shall not be unrea5onaloly withheld}, Landlord shall haue tlie right to enter the Prerr�ises to make inspections, provide necessary services, or show the unit to pr�specti�e buyers, mortgagees, tenants or workers. Hawever, Landlord does not assume any liabi�ity for the care or supervision of the Premises. As provided by law, in the case of an ernergency, Landlord may enter the Premises without Tenant's eonsent. D«ring the last tk�r�e months of this Lease, or any extension of this Lease, Landlord sha11 be allowed ta display the usual "To Let" signs and show the Premises to prospective tenants. INDEMNITY REGARDING USE p�' PREMISES. To the extent permitted by law, Tenant agrees to indemnify, hold hannless, and defend Landlord froin and against any and a11 losses, claims, liabilities, and expenses, including reasonable attomey fees, if any, which Landlord may suffer or incur in connection with Tenant's pnssession, use or �nisuse af the Premises, except Landlord's act or ncgiagencc. DANGEROUS MATERIALS. Tenant shall not keep or have on the Premises a��y article or thing af a dangerous, flamrnable, or explosive character tliat n�ight substantially increase the dangcr of �rc on the Premises, ar that mi�ht be considefed hazardous by a responsible insurance company, unless th� prior writken consent of Landlord is abtaineci and proof of adequate insurance protectian is pravided by Tenant ta Landiord. �OMPLIAN�E W�TH REGULATIONS. Tenant shall prompkly comply with all laws, ordinances, requirements and regulations of the federal, state, county, municipal and other authorit'tcs, and the iire insurance underwriters. However, Tenant shall not by this pr�vision be required to make alterations to the exterior of the building or alterations of a stnzc��ral nahire. ASSIGNABILITY/SUBLETTING. Tenant may nat assign or suble�se any interest in the Premiscs, nor effect a chan�;e in the majority ownership of the Tenant (from the owncrship existing at the inception of this leas�), nor assign, mortgage or pledge this Lease, wit�aut the prior written consent of Landlord, whieh shall n�t be unreasonably withhcld. GO'VEN�NING LAW. This Lease shall be construed in accardance with the lavvs of the State of Minnesota. ENTIRE AGREEMENTIAMENDMENT. This �.ease Agreement cantains the entire agreement of the parties and there arc no othcr pramises, COTI(�1f10215, understandings or other agreements, whether oral or written, relating to the si�bject matter af this Lease. This Lease may be modified or amended in writing, if the writing is signed by the party obligated under t�e amendment. SEVERABILITY. If any portion of this Lease s�a11 be helci to be invaiid ar unenforceable for any reason, the rernainin� provisions shall continue to be valid ancl enfarc€able. If a caurt finds that any provision of this Lease is invalid or unenforeeable, but that by lin�iting such pravision, it would beeorn� valid ancl enforceable, then such provision s�iall �e deensed tc� be written, construcd, and cnforcec� as so linlited. WAIVER. The failure of ei#her party to en%rc� any provisions of this Lease shall not be canstrued as a waiver or lirnitation of t��at party's right to subsequently enforce and compel strict comp4i�nce with every provision of this Lease. BINDING EFF�CT. The provisions of this Lease shall be binding upan anci inure to the bej�efit of both parties and their respective legal representatives, s�accessors and assigns. SIGNATURES AND NOTICE. This Lease shall be sigi�ed by the following parties. No notice under this Lease shall be deeined valid unless given or served in wriYing and forwarded by inail, postage prepaid, addresseci to the parties below: LANDLORD: Kjellberg's BLisines5 Cenfier, LLC Manager 4300 School Bouievard Monticello, MN 55362 TENANT: EVOLUTION TAEKWONDO Such addresses n�ay be changed from time to time by either party by �raviding notice as set forth above. Notices �nailed in accordance with the above provisions shall be eleemed received an the third day aftcr pasting. LANDLURD: I�jellberg's Business Center, LLC By: Datc: Kirk Kjellberg, Manager > T�NANT: `�� Date: 5 - J � %� Adat�l Jo��nson, O er From: Adam Johnson To: Jacob Thunander Subject: RE: Small Business Emergency Grant Assistance Program Date: Wednesday, August 5, 2020 8:41:29 AM Attachments: Lease Agreement.pdf Emergency Business Grant Program APP.2.FlNAL lll.ndf Jacob, I have completed the application. In this email you will find the Lease agreement between my self and my landlord (It also contains the physical address of my gym location), the application for the grant and the Profit & Loss Statement for my business. Please llet me know if I need anything else. Thank you for your help. I hope I qualify for this grant. Profit & Loss Statement Revenue Rent Website Expense Business Expense Marketing Expense Office Supplies Meals / Entertainment Travel Expense Donations PayPal Processing Fees $ 24,338.89 $ 14,700.00 $ 239.28 $ 5,658.72 $ 1,980.10 $ 1,625.50 $ 1,026.75 $ 321.04 $ 32.00 $ 317.98 $ (1,562.48) a � a � a a c � a c a°Ji a• T � O a c � � W O Z a c y � � u — y p, X .� � � C Q a a o y W � U N � V N \ � O LL J a o � W C � C Q N u a � a :' a ¢ m •V J C � f0 W C LL N � O a�+ O � m io } O � u Z L O u N � at-� 7 C � L } � � N � N � tl4 N N 7J H N N LL 3 a m c � 0 0 'L •- `m � ;, m > � O � � E a .� � o � Vc u � T • _ � Y T '� V } m a � J W C y � a a � c > 7 ' ai i � u a > N � X O � tlq W N - (� W a :% c �c � m o a�i � ¢ � 0 c 3 Y J � J H Q � N y - V c � � ._ o 0 m W C SMALL BUSINESS EMERGENCY ASSISTANCE GRANT AGREEMENT This Grant Agreement ("Agreement'� is made this _ day of , 2020, between the City of Monticello Economic Development Authority, a public body corporate and politic and political subdivision of the State of Minnesota ("Grantor"), and [name of business], a Minnesota [type of business entity, e.g. limited liability company, sole proprietorship, assumed name, etc.] ("Grantee"). RECITALS A. In March 2020_ Governor Tim Walz issued a series of Emer.e�enc�,� Executive Orders in resnonse to the CnVTD-19 nandemic which closed nublic and nrivate schools_ closed bars_ � � � � restaurants_ and other nlaces of accommodation and e.e n�eralle�� reauired Minnesotans to sta�,� at home_ while acknowled�uin,� that the State's resnonse to the COVID-19 pandemic would result_ either directl�,� or indirectiv_ in the closure of man�,� of Minnesota's businesses. B. In an effort to miti,�ate the economic distress caused b�,� the COVID-19 pandemic_ Con.e�ress passed the Coronavirus Aid_ Relief_ and Economic Securi e,� Act (CARES Actl to ron vide fundin,� to States and local ,�overnments to cover costs associated with the COVID-19 nandemic. C. Guidance issued b�,� the federal ,�overnment nrovides that CARES Act fundin��is intended to cover a variet�,� of costs incurred b�,� State and local ,�overnments in res on ndin,� to and miti'e�atin,� the effects of the COVID-19 public health crisis_ includin�nenses to enable comnliance with nublic health measures such as facilitatin,� distance learnin,� and im rn ovin� telework capabilities_ and exnenses associated with economic subnort_ such as ,�rants to businesses. D. Pursuant to federal and State �uidelines established for exnenditure of the CARES Act fundin�_ Grantor has created its Small Business Emergency Assistance Grant Program (the `�'rogram'� and has approved guidelines for the Program (the `�'rogram Guidelines'�,_ which are incorporated into this A�reement bv reference. �E Grantee has submitted an application for a grant (the "Grant Application'� under the Program Guidelines, and Grantor has approved a grant to the Grantee in the amount of $ (the "Grant'� to pay a portion of the expenses described in the Grant Application, in connection with Grantee's [kind of business, e.g. restaurant, salon, etc.] located at in the City of Monticello, Minnesota (the `�ity'� (the "Grant Activities'�. �F. The Grantor and Grantee wish to memorialize the terms of the Grant in this Agreement. ACCORDINGLY, the parties agree as follows: 1. The Grant Amount. Subject to the terms of this Agreement, the Program Guidelines, and the Grant Application (together, the "Grant Documents'�, Grantor agrees to grant to Grantee the sum of and no/100ths Dollars ($ ). The Grant will be paid by Grantor to Grantee for the Grant Activities approved under the Grant Documents in accordance with Section 2 hereof. 2. Pa�ment of Grant Proceeds. (a) The Grant will be paid to Grantee in accordance with the terms and conditions of the Grant Documents. The Grantee agrees that any costs of the Grant Activities exceeding the amount to be paid under this Agreement are the sole responsibility of the Grantee. (b) The Grantor will pay the Grant to Grantee once the Grantor has received from Grantee, without expense to Grantor,—= (il a signed copy of this Agreement� (iil a list of the Grant Activities that will be paid from the Grant_ and (iiil a written statement from the Grantee certif�,� that none of the Grant Activities for which the pa�ment is �nosed to be made has formed or will form the basis for an�a�,�ment made under an�,� other a,�reement with an�,� other .e�rantor. Re�resentations and Warranties. Grantee represents and warrants to Grantor that: (a) Grantee is authorized to sign, deliver, and perform this Agreement and to receive the Grant from Grantor. (b) Grantee agrees that it will keep and maintain books, records, and other documents relating directly to the receipt and payment of Grant proceeds and that any authorized representative of Grantor, with reasonable advance notice, may have access to and the right to inspect, copy, audit, and examine all such books, records, and other documents of Grantee related to the Grant until Grantee provides its final report to Grantor. (c) To the best of Grantee's knowledge, Grantee has fully complied with all applicable s�efederal and State laws reasonably relevant to this Agreement and will continue to comply throughout the term of this Agreement. If at any time Grantee receives notice of noncompliance from any governmental entity, Grantee agrees to take any necessary action to comply with the �efederal or State law in question. (d) Grantee will use the proceeds of the Grant made by Grantor only for the Grant Activities, and within 60 days after the date of this Agreement, Grantee will provide to Grantor in writing a brief report (like the example included in the Grant Application), stating how all of the Grant funds have been used and providing evidence in the form of paid invoices, statements, or similar. 2 4. No Business Subsidv. The parties agree that the Grant is not a business subsidy as defined in Minnesota Statutes, Sections 116J.993 to 116J.995, as amended (the `Business Subsidy Act'�, because the assistance is in an amount less than $150,000. 5. Indemnification. (a) Grantee agrees to indemnify against and to hold Grantor, and its officers, agents, and employees, harmless of and from any and all liability, loss, or damage that it may incur under or by reason of this Agreement, and of and from any and all claims and demands whatsoever that may be asserted against Grantor by reason of any alleged obligations or undertakings on its part to perform or discharge any of the terms, covenants, or agreements contained herein. (b) This indemnification and hold harmless provision will survive the execution, delivery, and performance of this Agreement and the payment by Grantor of any portion of the Grant. (c) Nothing in this Agreement will constitute a waiver of or limitation on any immunity from or limitation on liability to which Grantee is entitled under law. 6. Miscellaneous. (a) Waiver. The performance or observance of any promise or condition set forth in this Agreement may be waived, amended, or modified only by a writing signed by Grantee and Grantor. No delay in the exercise of any power, right, or remedy operates as a waiver thereof, nor shall any single or partial exercise of any other power, right, or remedy. (b) Assi n� ment. This Agreement is binding upon the parties. All rights and powers specifically conferred upon Grantor may be transferred or delegated by Grantor to any of its successors and assigns. Grantee's rights and obligations under this Agreement may be assigned only when such assignment is approved in writing by Grantor. (c) Governin� Law. This Agreement is made and shall be governed in all respects by the laws of the state of Minnesota. Any disputes, controversies, or claims arising out of this Agreement shall be heard in the state or federal courts of Minnesota, and all parties to this Agreement waive any objection to the jurisdiction of these courts, whether based on convenience or otherwise. (d) Severabilitv. If any provision or application of this Agreement is held unlawful or unenforceable in any respect, such illegality or unenforceability shall not affect other provisions or applications that can be given effect, and this Agreement shall be construed as if the unlawful or unenforceable provision or application had never been contained herein or prescribed hereby. 3 (e) Notice. All notices required hereunder shall be given by depositing in the U. S. mail, postage prepaid, certified mail, return receipt requested, to the following addresses (or such other addresses as either party may notify the other): To Grantor: City of Monticello Economic Development Authority 505 Walnut Street, Suite 1 City of Monticello, MN 55362 Attn: Executive Director To Grantee: Attn: (f) Termination. On the date the Grantor receives Grantee's written report on Grantee's expenditure of Grant proceeds as described in paragraph 3(f) of this Agreement, this Agreement will terminate and neither party will have any further obligation to the other. (g) Entire Agreement. This Agreement, together with the Grant Documents, is the entire statement of agreement between the Grantor and Grantee regarding the Grant. � IN WTTNESS WHEREOF, this Agreement has been duly executed and delivered by the proper officers thereunto duly authorized on the day and year first written above. GRANTOR: CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY By: Its President By: Its Executive Director [SIGNATURE PAGE TO GRANT AGREEMENT - GRANTOR] GRANTEE: [Business name] : Title: [SIGNATURE PAGE TO GRANT AGREEMENT - GRANTEE] 656052v1 M� MN190-101 Document comparison by Workshare 10.0 on Wednesday, July 22, 2020 3:11:32 PM Input: Document 1 ID Powerpocs://DOCSOPEN/656052/1 Description DOCSOPEN�#656052-v1-Monticello_emergency_assistan ce_grant_agreement Document 2 ID Powerpocs://DOCSOPEN/656052/2 Description DOCSOPEN�#656052-v2-Monticello_emergency_assistan ce_grant_agreement Rendering set Standard Legend: Insertion r�oi o�; �r ��� o� � � Moved to Style change Format change Inserted cell Deleted cell Moved cell Split/Merged cell Padding cell Statistics: Count Insertions 14 Deletions 6 Moved from 0 Moved to 0 Style change 0 Format changed 0 Total changes 20 CITY OF • `. ��� c�n lce o MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY SMALL BUSINESS EMERGENCY ASSISTANCE PROGRAM POLICY PURPOSE The Economic Development Authority for the City of Monticello (EDA) recognizes that small businesses are vital to the fabric of the Monticello community. Accordingly, the Monticello Economic Development Authority (EDA) has developed a Small Business Emergency Assistance Program to address working capital needs upon the declaration of a state of emergency by the State of Minnesota (State) and the City of Monticello (City). The purpose of this program is to ensure the viability of the community's small businesses faced with the current COVID-19 health emergency, which is adversely impacting the local economy. The goal of this program is to provide needed financing for local businesses to help sustain operations and endure economic hardships during this challenging time. The program is structured as grant assistance. Grant funds are available on a firsteome, firstserved basis. The program is subject to funding availability from the EDA. The EDA retains the authority and discretion to approve or deny an application, and reserves the right to subsequently add further priorities, change eligibility criteria, or discontinue the program in response to changing circumstances. ELIGIBILITY a. Eligible Businesses To be eligible to receive Small Business Emergency Assistance funds, a business must demonstrate that its operations have been directly and adversely affected by the COVID-19 Health Pandemic and include the following: 1. Eligible business types include locally owned and operated businesses noted in Executive Orders 20-04 and 20-08, such as those listed below. Restaurants, cafes, coffeehouses, and other places of public accommodation offering food or beverage for on-premises consumption. Taverns, brew pubs, microbreweries, distilleries, wineries, tasting rooms, and other places of public accommodation offering alcoholic beverages for on-premises consumption. Gymnasiums, fitness centers, indoor sports facilities, indoor exercise facilities, businesses offering massage therapy, spas, salons, nail salons, cosmetology salons, and barber shops. This includes, but is not limited to, all salons and shops licensed by the Minnesota Board of Cosmetologist Examiners and the Minnesota Board of Barber Examiners. • Bowling alleys, theaters, skating rinks, and other similar recreational or entertainment facilities. • Local boutique and specialty retailers. 2. Other businesses as approved by the EDA. b. Eligibility Requirements The business shall have a physical address (proof of address required) within the corporate boundary of the City and have been operating within the City long enough to demonstrate financial viability; The business shall employ between 2 and 25 Full Time Equivalent (FTE) employees prior to the issuance of the State of Minnesota Emergency Executive Order 20-04 (March 16, 2020) and/or make $1 million or less in annual gross revenue. For purposes of calculation, the term "employees" may include those staff renting or leasing facilities within the Monticello business location. 4. All businesses must serve the general public and be a conforming or legally non-conforming use under the current zoning regulations of the City, and must not be in violation of the City's zoning code. Applicants are strongly encouraged to claim all applicable private and public insurance and utilize all other sources of applicable assistance available from other private and public sources. Applicants are also strongly encouraged to apply for an Economic Injury Disaster Grant through the Small Business Administration (SBA) and Small Business Emergency Grant through the Minnesota Department of Employment and Economic Development (DEED) prior to applying for this grant. For more information, visit: Guide to financial resources for Minnesota small businesses While not absolutely required, applications which include proof of application submittal, acceptance, approval and/or denial of State and federal emergency financing programs will receive higher scores in evaluation. Assistance cannot be provided to businesses that: • Do not have a physical address (and building/location) within the City of Monticello. • Have more than three total locations operating as part of the business enterprise. • Derive income from passive investments without operational ties to operating businesses or whose primary source of revenue is from business-to-business transactions. • Primarily generate income from gambling activities. • Have no current or historical financial statements. • See also a2 above. FUND TERMS & CONDITIONS a. Amount: Businesses may apply for a one-time emergency grant of up to $5,000. The EDA shall determine the final award amounts based upon scoring criteria. b. Term: All grant awards must be utilized within two months of the date of the grant fund disbursement. c. Uses: Awarded funds may be used exclusively for current payroll obligations (i.e. may not include employees who have been laid off), lease or mortgage payments, utilities, accounts payable, ��e�and other critical business expenses that can't be paid as a direct result of the current health emergency. Awarded funds ma� not be used for navment of nronert=v or other taxes or for the businessowner's/manager's �ersonal uses or ex�enses. The City reserves the right to pay or require payment of delinquent �bills; or charges due to the City out of funds awarded. d. Proof of Need: Applicants shall be required to provide proof of financial need for grant funds. This includes but is not limited to the previous year's annual gross revenue, average monthly gross revenue prior to COVID-19, and projected monthly gross revenue for the next three months. Additionally, as noted above, applicants are encouraged to provide evidence of application submittal, acceptance, approval and/or denial of State and federal emergency financing programs. PLEASE DO NOT SUBMIT FINANCIAL STATEMENTS RATHER SUBMIT A SUMMARY OF THE INFORMATION REQUESTED. e. Proof of Expenses: Applicant shall provide proof of eligible expenses requested to be paid with grant funds. See list of eligible grant uses above. f.� Disbursement of Funds: Funds shall be distributed within three weeks after fully executed grant agreement has been received. g. Termination: The EDA retains the right to terminate any agreement under the Emergency Assistance Program if a grant recipient is found to be in violation of any conditions set forth in the grant guidelines or grant agreement. h. Right to Deny: The EDA retains the right to deny any application for grant funding. i. GrantAgreement: Upon a successful grant application being awarded funds, the grant recipient shall enter into a Grant Agreement with the EDA. Funds will not be distributed for any grant award until a grant agreement has been executed by all required parties. j. Reporting: As a condition for receiving grant funding, all grant recipients are required to submit a brief report to the EDA within two months after receiving grant funds, specifying how the entirety of the grant funds were utilized and providing evidence in the form of paid invoices, statements, or similar documentation. k. Funding Availability: The Small Business Emergency Assistance program has a limited amount of funds available. Awards will be provided on a first-come, first-served basis until the earlier of the date the fund is exhausted, or the City-declared state of emergency declaration is lifted. l. Indemnification: All grant recipients shall be required to indemnify the City of Monticello, the Monticello Economic Development Authority, and any officers acting on their behalf. APPLICATION PROCESS Prior to applying, please review the Program Guidelines to determine if your business is eligible. Applications will be available June 1st, 2020. 1. Applications are available on the City's website: www.ci.monticellamn.us. 2. Application requirements will include: • Basic details about the business. • Basic employment and annual gross revenue information. • Information on current operations including whether the business is currently closed or is providing reduced services. • Narrative descriptions and estimated calculations of the negative impacts on the business due to COVID-19. • A narrative description of the current plans for resuming operations following the COVID-19 crisis. • Information on the intended use of the grant funds. • Evidence of application submittal, acceptance, approval and/or denial of State and federal emergency financing programs, as applicable. • Supporting documentation and application attachments. Fully completed and signed applications along with required documents may be submitted online to: Communit�.develo�ment@ci.monticello.mn.us Please note that mailed hard copy applications will take longer to process. 4. Upon submission of application, applicants will receive an email confirming receipt of application. 5. The application will be reviewed for eligibility upon receipt. If additional information or documentation is necessary, EDA staff will contact the applicant. Due to an expected high volume of applications, you may consider your application complete if staff does not request additional information within 10 business days after application acceptance. FUNDING PROCESS If application is approved and funds are available, businesses will be notified within 2 business days and provided with an electronic grant agreement for signatures. Small businesses receiving funds must commit to using the funds for eligible program expenses and must agree to document and report specific uses of the funds. All grant recipients are required to submit a brief report to the Monticello EDA within two months after receipt of funds, specifying how the entirety of the funds were utilized and providing evidence in the form of paid invoices, statements, or similar documentation. GRANT AGREEMENT If the application for Small Business Assistance is approved, the applicant and business owner will be required to enter into a grant agreement to proceed. The agreement will specify the terms and conditions of the grant as identified herein. FOLLOW-UP and ADDITIONAL RESOURCES: For businesses needing additional resources such as technical assistance, larger working capital grants, or other, staff will provide ongoing assistance to businesses of all sizes and types, working with partners and other levels of government to access resources as available, such as SBA and State of Minnesota DEED grants. Staff will conduct a check-in with grant recipients within one year of the distribution of funds to learn the effect of the grant and business outcomes such as economic impact of the grant program, (including, but not limited to, employees retained or rehired, and sales) and whether they match the program's desired outcomes of business and/or job retention. QUESTIONS Any questions related to the application process or for assistance in completing the application should be directed to: Jim Thares Economic Development Manager City of Monticello 763-271-3254 communit�. develo�ment@ci.monticello.mn.us Document comparison by Workshare 10.0 on Thursday, July 23, 2020 9:24:49 AM Input: Document 1 ID Powerpocs://DOCSOPEN/665047/1 Description DOCSOPEN-#665047-v1-Monticello_Small_Business_Gr ants Guidelines Document 2 ID Powerpocs://DOCSOPEN/665047/2 Description DOCSOPEN-#665047-v2-Monticello_Small_Business_Gr ants Guidelines Rendering set Standard Legend: Insertion r�oi o�; �r ��� o� � � Moved to Style change Format change Inserted cell Deleted cell Moved cell Split/Merged cell Padding cell Statistics: Count Insertions 1 Deletions 3 Moved from 0 Moved to 0 Style change 0 Format changed 0 Total changes 4 CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. #2020-08 AUTHORIZING INTERFUND LOAN FOR ADVANCE OF CERTAIN COSTS IN CONNECTION WITH SMALL BUSINESS EMERGENCY GRANT ASSISTANCE PROGRAM BE IT RESOLVED By the Board of Commissioners of the City of Monticello Economic Development Authority (the "Authority") as follows: Section 1. Background. 1.01. On May 27, 2020, the Authority established its Sinall Business Emergency Grant Assistance Prograin (the "Prograin") to assist small businesses located in the City of Monticello (the "City") which have experienced econoinic hardship as a result of the COVID-19 pandemic. 1.02. In establishing the Prograin, the Authority designated up to $100,000 in its Greater Monticello Enterprise Fund ("GMEF") loan fund as the source of funding for its emergency grants. 1.03. As of the date hereof, the Authority has approved and expended $85,000 in Prograin grant funding. 1.04. Subsequent to creation of the Program by the Authority, Governor Tim Wa1z authorized the allocation by the State of Minnesota (the "State"), to local goverrunents including the City, of funds established by Congress through passage of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide funding to states and local governments to cover costs associated with the COVID-19 pandemic. 1.05. The Program assistance provided by the Authority consists of emergency grants to local businesses for expenditures that qualify for CARES Act funding under federal guidelines for such funds. 1.06. The Authority has detennined that it is in the best interest of the City and Authority that the Authority preserve its GMEF loan fund for the econoinic development uses designated under GMEF policies and guidelines, and that it reitnburse the GMEF loan fund from CARES Act funding to the extent approved by the City for such use. 1.06. The Authority intends to designate the Program grants previously approved and expended, as well as any additional Program grants up to the full $100,000 in GMEF funds authorized by the Authority, as an interfund loan in accordance with the terms of this resolution. 663501v1 MNI MN190-101 Section 2. Repavinent of Interfund Loan. 2.01. Subject to approval of CARES Act funding for Prograin purposes by the City, the Authority hereby ratifies and approves the expenditure of up to $100,000 in GMEF loan funds for Program purposes (the "Interfund Loan"). No interest shall accrue on the principal amount of the Interfund Loan. 2.02. Principal ("Payments") on the Interfund Loan shall be paid on the first date on which the Authority receives CARES Act funding from the City, or on any other dates determined by the City Administrator. 2.03. Payments on the Interfund Loan will be made solely from CARES Act funding, defined as CARES Act funds received by the City from the State pursuant to the processes and procedures established by the State for reiinbursement of qualified expenditures, and designated by the City for administration by the Authority for Program purposes. 2.04. The principal sum payable under this resolution is pre-payable in whole or in part at any time by the Authority without premium or penalty. 2.05. This resolution is evidence of an internal borrowing by the Authority, and is a limited obligation payable solely from CARES Act funding pledged to the payment hereof under this resolution. The Interfund Loan shall not be deemed to constitute a general obligation of the State or any political subdivision thereof, including, without limitation, the Authority and the City. Neither the State nar any political subdivision thereof shall be obligated to pay the principal of the Interfund Loan or other costs incident hereto except out of CARES Act funding. The Authority shall have no obligation to pay any principal amount of the Interfund Loan if CARES Act funding is not allocated by the City for such purpose. 2.06. The Authority inay at any time make a determination to forgive the outstanding principal amount of the Interfund Loan to the extent permissible under law. 2.07. The Authority inay from time to time amend the terms of this Resolution to the extent permitted by law, including without limitation amendment to the payment schedule. Section 3. Effective Date. This resolution is effective upon approval by the City of CARES Act funding by the Authority for Program uses. 663501v1 MNI MN190-101 2 Approved by the Board of Commissioners of the City of Monticello Economic Development Authority this 22nd day of July, 2020. _ �, . ` r ,�' � President ATTEST: 663501v1 MNI MN190-101 RESOLUTION NO. 2020-57 RESOLUTION AUTHORIZING ADMINISTRATION OF CORONAVIRUS RELIEF FUNDS BY THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY WHEREAS, the City of Monticello ("City") has received Coronavirus Relief Funds ("Funds") from the State of Minnesota, as authorized by Congress pursuant to the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"); and WHEREAS, the CARES Act authorizes the City to transfer all or a portion of the Funds to other units of government; and WHEREAS, the CARES Act authorizes Funds to be used for grants to small businesses to reimburse the costs of business interruption caused by required closures; and WHEREAS, the City of Monticello Economic Development Authority (the "Authority") proposes to administer up to $200,000 of the Funds pursuant to its previously established Small Business Emergency Grant Assistance Program (the "Program"), the purpose of which is to help offset costs far small businesses in Monticello that have been directly impacted by the COVID- 19 pandemic; and WHEREAS, the City Council has determined that transferring the administration of a portion of tlle Funds to the Au�thority for Program purposes is in the best interests of the City and that the Funds designated for Program uses will comply with federal and state guidelines for the use ot the Funds under the CARES Act. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Monticello that the City Administrator and staff are authorized and directed to transfer the administration of a portion of the Funds, in the amount of two hundred thousand dollars ($200,000), to the City of Moi�ticello Economic Development Authority for the purpose of providing grants to small businesses through its Small Business Emergency Grant Assistance Program in accordance with federal and state guidelines for expending the Funds. Adopted by the Monticello City Council this 27th day of July, 2020. A TEST: � �9: i l �,���% 1�`����--- Clerk 1 Mayor EDA Agenda: 08/12/20 7. Consideration of Accepting 2020 Hospitalitv and Lodging Demand Studv Completed bv Hospitalitv Consulting Group, Excelsior, MN (JT) A. REFERENCE AND BACKGROUND: The EDA is being asked to accept the recently completed Hospitality and Lodging Demand Study completed by Hospitality Consulting Group, Excelsior, MN. The EDA authorized entering into a contract to complete the Hospitality and Lodging Demand Study on February 26, 2020, prior to the COVID-19 shutdowns. The amount of the original Study contract was $5,550. In mid-March, after the pandemic response shutdowns, Stephen Sherf, principal of Hospitality Consulting Group, recommended that the Study be paused until clarity about the lodging industry was better understood. After being informed of the EDA's decision to end the contract (June 10, 2020 meeting), Mr. Stephen Sherf, requested to instead provide an abbreviated summary Study. The abbreviated Study is based on interviews and 20191odging data that were completed and paid for prior to the pandemic shutdown. The contract the EDA entered into obligates payment of the data set and it also required an initial advance payment of $2,500 as a guarantee. The total amount the EDA is obligated to pay for the Study is $3,050. Mr. Sherf has agreed to join the meeting remotely to present the Study findings and answer questions the EDA members may have about the lodging demand information. If the EDA accepts the Study, it will then be presented to the IEDC in either October or November 2020 and also be made available to prospective hotel developers. Al. Staff Impact: There is a low staff impact in presenting the recently completed 2020 Hospitality Lodging Demand Study to the EDA. A2. Budget Impact: The total original approved contract price of $5,550 to complete the Study was reduced to $3,050 due to the modified amount of work by Mr. Sherf in preparing the summary Study. The funding source is the EDA General Fund - Miscellaneous Professional Services line item. There is a very limited cost to prepare the staff report and present the Study to the EDA. B. ALTERNATIVE ACTIONS: Motion to accept the Hospitality and Lodging Demand Study. 2. Motion to deny acceptance of the Hospitality and Lodging Demand Study. Motion to table acceptance of the Hospitality and Lodging Demand Study for further research and/or discussion. 4. Motion of other as directed by the EDA. C. STAFF RECOMMENDATION: Staff recommends approval of Alternative #1 wherein the EDA accepts the completed Hospitality and Lodging Demand Study. The information provided in the Study should offer good quality market demand data and guide interactions and process steps with prospective hotel developers. D. SUPPORTING DATA: A. Hospitality and Lodging Demand Study H�s italit l� Y cvNsu�zi�vG ��v�P HOTEL MARKET REPORT MONTICELLO, MINNESOTA March 2020 Prepared for: City of Monticello 5315 Eureka Road • Excelsior, MN 55331 (612)867-1649 Hos italit � � C�NSLJLTING GR�UP Ms. Angela Schumann, AICP Community Development Director City of Monticello 505 Walnut Street Minneapolis, MN 55362 Dear Ms. Schumann: The Hospitality Consulting Group is pleased to present the accompanying report entitled: "Hotel Market Report - Monticello, Minnesota". Incorporated within this report are discussions of the local and area market conditions, identification and characteristics of the competitive hotels, and an analysis of their performance in recent years. We were in the process of updating the hotel market study that we prepared in August 2015 when the Coronavirus resulted in a major disruption to the hotel industry. Due to the uncertainty in the amount of time the hotel industry will require to recover, our studywas terminated. This reportrepresents the workthatwas performed priorto the study termination. The information contained in the report documents the hotel market as it existed prior to the disruption in the economy and therefore will serve as a useful baseline for future hotel development efforts. May 18, 2020 ,�!'o.a �e�e�.�! �.�:` f � �re�+...� , .I��. HOSPITALIT'Y CONSULTING GROUP, INC. 5315 Eureka Road • Excelsior, IVIiV 55331 (612)867-1649 Hotel Market Report - Monticello, MN Pa,�e 1 BACKGROUND Monticello, Minnesota is a prosperous community located along Interstate 94, midway between Minneapolis and St. Cloud. It functions as a sub-regional center for shopping, business, and healthcare services between St. Cloud and Maple Grove. A retail study performed by the McComb Group1 in 2011 identified a relatively large retail market area that encompasses an approximate 10-mile radius and included 93,500 people. The study found that Monticello can support an additional 131,000 square feet of retail and food service space. Three of the Monticello hotels are economy-oriented properties, while the fourth is a midscale limited service hotel. The newest hotel is 20 years old. Visitors and guests to Monticello who desire more upscale lodging accommodations or more extensive amenities must travel to one of several surrounding communities to find such hotels. In recent years, several hotel developers have expressed interest in developing a new hotel in Monticello to provide newer and more upscale hotel accommodations than what exists in the present supply. To assist in these efforts, the Hospitality Consulting Group was retained to research the market support for a new hotel and to recommend the size and scope of facilities appropriate for this market. This study was completed and issued in August 2015. The following letter report presents an update of the Monticello market as of March 2020. We were in the process of updating the 2015 hotel market study when the Coronavirus disrupted the national and international hotel industry. Due to the uncertainties in the hotel industry will, our study was terminated. This report represents the work that was performed prior to the study termination. The information contained in the report documents the hotel market as it existed prior to the disruption in the economy and therefore will serve as a useful baseline for future hotel development efforts. LOCATION Monticello is located in Wright County, approximately 37 miles northwest of the Twin Cities of Minneapolis and St. Paul and 27 miles southeast of St. Cloud. It is located along Interstate 94 at its intersection with State Highway 25. I-94 is a major east-west traffic route that bisects the state. Highway 25 is a north-south corridor between the interstate and U.S. Highway 10, an important route to St. Cloud and 1 Embracin� Downtown Monticello, McComb Group, Ltd.,2011 Hospitality Consulfing Group Hotel Market Report - Monticello, MN Pa,�e 2 north central Minnesota. Highway 25 is the only Mississippi River crossing between Clearwater and Elk River and is on the National Scenic Byway Route, and the Mississippi River Trail Bikeway. There are four lodging facilities in Monticello, of which three carry national franchises. However, these hotels are not able to meet the needs of travelers who seek higher quality accommodations. We have determined the primary market for a new Monticello hotel by analyzing drive times to the surrounding towns that have such accommodations. This market area is defined by the proximity of St. Cloud, Albertville, Rogers and Maple Grove, and the hotels, restaurants and shopping options available in these communities. The hotel market area is smaller than the trade area because lodging accommodations are typically selected at the location that is nearest to a traveler's destination. While people residing in outlying communities may come to Monticello for shopping, health care and professional services, visitors to these communities are more likely to stay in the closest hotel that meets their quality and service requirements. Thus, Monticello's primary hotel market is restricted by the proximity of communities that have competitive hotels. The determined market area for a new hotel, shown on the map on the following page, includes the neighboring towns of Big Lake and Becker. The irregular red line on the map depicts a 15-minute drive time. DEMOGRAPHICS Population The market area experienced a large increase in population over the last decade. Population data for Monticello, the identified market area, and Wright County is presented in the table below. Between 2010 and 2018, the county population increased by nearly 10 percent, while Monticello increased by 8 percent. 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Hotel Market Report - Monticello, MN Pa,�e 4 POPULATION CHANGE Primary Market Area Monticello, MN 2010-2018 2000(1) 2010(1) 2018(2) Change Monticello 8,544 12,759 13,752 7.8% Big Lake 6,059 10,060 11,456 13.9% Becker 2,673 4,538 4,856 7.0% Silver Creek 2,332 2,335 2,510 7.5% Total 19,608 29,692 32,574 9.7% WrightCounty 89,986 124,700 136,510 9.5% Source: 1.U.S. Census 2. Mn State Demographic Center The 2018 population within Wright County is estimated to be 136,510 and is projected to increase by another 26 percent to 171,416 by 2030z. Between 2014 and 2018 the number of households in Monticello increased by 291 to a total of 4,6933 households. This represents a compound annual increase of 1.9 percent. Household Incomes The median household incomes for Monticello, the identified market area, Wright County, and Minnesota are presented in the table below. Between 2000 and 2010, the median household income of Monticello increased by more than 38 percent; it increased by 5 percentbetween 2010 and 2018. Median household income in the county increased by 26 percent between 2000 and 2010, and by 20 percent between 2010 and 2018. The median is the midpoint at which there are an equal number of households with larger and smaller incomes. The median household income in Monticello is estimated to be $65,938 in 2018, which is 3.6 percent below the state median. Positively Minnesota US Census American Community Survey Hospitality Consulfing Group Hotel Market Report - Monticello, MN Pa,�e 5 Monticello Big Lake Becker Silver Creek Wright County Minnesota MEDIAN HOUSEHOLD INCOME Primary Market Area 2010-2018 2000 2010 2018 Change $45,384 $62,891 $ 65,938 $50,658 $61,941 $ 79,612 $50,714 $60,021 $ 87,083 $42,500 $52,507 $ 58,125 $53,945 $67,963 $ 81,881 $56,874 $59,126 $ 68,411 Source: U.S. Census; 2018 ACS 5-Year Estimates EMPLOYMENT 4.8 % 28.5% 45.1% 10.7% 20.5% 15.7% Employment is a strong indicator of an area's economic health. The graph below shows that Wholesale & Retail Trade and Education, Health Care & Social Services are the two largest employment categories in Monticello, accounting for 47 percent of the total employment. Manufacturing businesses account for 14 percent and are generally strong generators of lodging demand. Public Administration 2% Other Services J 3% Professional Business arcs, Monticello Employment Entena�nment & Recreation 1% Other 181 Manufaduring 14� J' Wholesale & Retail Educ., Health Care, & Trade Socfal Services 26% 21% Leisure & Hospitality 10% 5ervices Finance, lasurance, &� Z� RealEstate Infonnatlon� 2% 1% Source: Minnesota DepartmentofEmploymentand Development Hospitality Consulfing Group Hotel Market Report - Monticello, MN Pa,�e 6 Major Employers Monticello has four large companies that provide the largest source of employment. It also has a number of manufacturers that generate hotel demand. These companies are profiled below. Companv Name Xcel Energy Cargill Kitchen Solutions CentraCare Health-Monticello Ultra Machining Company WSI, Inc. Bondhus Suburban Manufacturing Genereux Fine Wood Products Production Stamping Aropl� Corp. JME Monticello Electro Industries Hoglund Bus Company Twin Cities Die Casting Source: City of Monticello MAJOR EMPLOYERS Product f Service Energy Food Products Health Care Precision Machining Precision Machining & Mfg. Tool Mfg & Distribution Mechanical/Industrial engineering Cabinets & Counter Tops Metal Stamping & Fabrication Injection Molding Concrete Construction Products Emplo,�� 630 435 267 210 130 97 77 67 65 52 50 Electric heating products 48 Bus Sales & Distribution 44 Aluminum & Magnesium die casting 25 Xcel Energy operates Sherco, an electric generating nuclear power plant in Monticello. It completed a$665 million upgrade in 2013 that will boost output and extend the life of the facility. Its operating license has been extended through 2030. This facility needs to be re-fueled and maintenance performed every two years for which 700 to 1,400 workers are brought in and stay in area hotels for up to several months. Sherco owns over 4,000 acres around the nuclear plant and is working with the City of Becker to attract industrial users. Northern Metal Recycling purchased 75 acres and moved its operations from Minneapolis to this location lastyear. The business park is under serious consideration for a$600 million Google Data Center on 300 acres. The construction of the center would employ approximately 2,000 workers over an 18- to 24-month period and its operations would employ around 50 people. Last year Minnesota regulators approved a contract for Xcel to provide electricity to the center. The city is seeking nearly $25 million in state bonding for infrastructure for the business park and the Minnesota Department of Employment and Economic Hospitality Consulfing Group Hotel Market Report - Monticello, MN Pa,�e 7 Development has provided a$726,000 grant to improve access from Highway 53 to the park. Xcel also operates a coal-fired generating plant near SHERCO which is the largest in the Midwest. The company has announced plans to retire two of its three generators by 2023 and replace them with a smaller plant fueled by natural gas. Cargill Kitchen Solutions is a leading marketer of further processed egg products. It operates a research & development department on site, as well as the company's sales and marketing activities. It is a subsidiary of Cargill, Inc., the largest privately held company in the nation, which is headquartered in Wayzata, MN. CentraCare Health-Monticello is centered around a 25-bed critical access community hospital. Services include a physician's clinic, Urgent care, Birthing Center, Imaging, Medical/Surgical Care, Rehab and Extended Care, Monticello Cancer Center, Sleep Center and Wound Care. The Center has 150 medical staff members. Ultra Machining Company is a precision machining company with a specialty in the medical and aerospace industries. The company also develops prototype parts and does some assembly. It has a 72,000-square foot facility in Monticello. Unemployment The unemployment rate in Wright County as of September 2019 was 2.3 percent, a level that is slightly lower than the statewide Minnesota rate of 2.5 percent and significantly lower than the national unemployment rate of 3.5 percent. The unemployment rate in the local economy trends very closely with the state. Hospitality Consulfing Group Hotel Market Report - Monticello, MN Pa,�e 8 4.0% 3.5% 3.0% 2.5% 2.0% U�empf�yment �tate �September) 1S% 1.0% 0.5% — 0.0% — 2014 2015 2016 2017 2018 2�19 ♦—�WrightCounty —p-9Vlinr2esota Source: U.S. Bureau of Labor Statistics SURROUNDING COMMUNITIES In order to understand the dynamics of the area lodging market, we have provided a summary of Monticello's trade area and the surrounding communities, which are shown on the map on page 13. Monticello hotels capture demand from Big Lake and Becker, while they lose demand to Rogers and Maple Grove. They also lose demand to Albertville, but gain demand on occasions when the hotel there is full. Trade Area A market study performed by the McComb Group (see footnote 1) found that the healthcare facilities, big box retailers and professional services in Monticello result in a relatively large retail market area that encompasses an approximate 10-mile radius with a total of 93,500 people. The population of this area was projected to increase to over 104,000 by 2015. The secondary trade area was found to extend west to include Clear Lake, Clearwater and Annandale and had a population of nearly 33,700 people. Hospitality Consulfing Group Hotel Market Report - Monticello, MN Pa,�e 9 Big Lake Big Lake is located 3 miles northeast of Monticello on Highway 10. It has an estimated population of 11,046 and is growing, stimulated by its location on the North Star com- muter train line that operates between Big Lake and downtown Minneapolis. The me- dian household income in the community is 16 percent above the state median. Big Lake has one small independent motel and one fine dining restaurant and banquet fa- cility, Russell's on the Lake. The Friendly Buffalo, Hideout Bar & Grill, and Trails Grill and Sports Bar are more informal bistro/pub restaurants. Lodging demand from Big Lake is accommodated in Monticello due to the greater variety of hotels and restau- rants there. Becker Becker has an estimated population of 4,856 and is located seven miles north and west of Monticello. The median household income in the community is 27 percent higher than the state median. The Sherburne County Generating Station, the largest coal-fired power plant in the state, is located in Becker. The maintenance of this facility periodi- cally brings in crews that require lodging in area hotels. There are two motels in Becker, a 68-room midscale Crossings by GrandStay and a 32- room economy Americas Best Value Inn (previously a Super 8). Restaurants are lim- ited to Hunters Ridge, located at the public golf course, which only serves dinner and can accommodate banquets of up to 175, and Los Ortizes Mexican Restaurant which is open for lunch and dinner. Albertville Albertville is located seven miles east of Monticello on I-94. It has an estimated popula- tion of 7,485 and a median household income that is 32 percent higher than the state. Its major attraction is the Albertville Premium Outlets, a popular outlet mall with 100 stores. The 66-room, upper midscale Country Inn & Suites is the only hotel in Albertville, but the hotels in Monticello and the surrounding communities of Rogers, Becker, Buffalo, and Maple Grove offer "shop and stay" packages for the mall. While the shopping is an attraction, this hotel draws demand from Monticello primarily because the popular D Michael B's Resort Bar & Grill is located adjacent to it The Space Aliens Bar & Grill is an alternative restaurant, but with a limited menu. Hospitality Consulfing Group Hotel Market Report - Monticello, MN Pa,�e 10 Rogers Rogers is located 17 miles east of Monticello on I-94. It has a population of 12,991 and a median household income that is 83 percent higher than the state. This community developed rapidly in recentyears and is known as a strong family community with a good school system. It has a concentration of retail that is anchored by Kohl's and a Super Target. Its largest retail attraction is a 185,000-square foot Cabela's outdoor store. There are four hotels in Rogers: a Hampton Inn & Suites and a Holiday Inn Express & Suites upper midscale properties; an AmericInn midscale property; and a Super 8 economy lodging facility. Food and beverage outlets include supper clubs Maynard's Restaurant and Bar and Clives Roadhouse. A new popular brewpub, the Short or Tall Eatery & Dining Hall, is located adjacent to the Holiday Inn Express. In addition, there are over 25 other food service options. Maple Grove Maple Grove is a suburb of Minneapolis located 24 miles east of Monticello on I-94. It has a population of 66,903 and a median household income estimated to be $105,369 that is 54 percent higher than the state. The community's largest employer is Boston Scientific with around 3,000 employees. Maple Grove has one of the largest retail con- centrations in the state, making it a regional shopping destination. Since the Shoppes at Arbor Lakes, a 370,000-square foot lifestyle center opened, three additional centers have been added, bringing the total to nearly 2 million square feet of retail space. Only Bloomington with the Mall of America has more space. Within the retail concentration at Arbor Lakes is a wide variety of restaurants that include steakhouses, ethnic restau- rants, bistros, a brewpub, coffee shops and fast food. There are nine hotels in Maple Grove: six upscale hotels, two upper midscale hotels, and one economy hotel. Three of these hotels carry a Marriott franchise, two have a Hilton franchise, and two have an Intercontinental Hotel Group franchise. Highways The highway network around Monticello is shown on the map on the following page. The irregular blue line indicates a 30-minute drive time from Monticello. Hospitality Consulfing Group �= o _ �� � r v a �.. � �� � o ��. o : � . o ...a� � �. m . w� . . - `-' ' n . r � �.. � . � a a V y � � . . .....-..... n....oO O.' . E � � 0 � ...ao . N � ..m J � o � � � � � � U� C� �j T�n V �V ° m� � �"fl. C a - - .i� Z y.s � � O c c � _ m� _ O ... ... � N o U N � 2 c m '6 = q E c = m a c� 'm m � � c m� 9 i r U V uc� � � � � � ' O � � i a N = o 0 m p � �r o �: _ ... .... m! � a.. � o �� r �._ m � � — -- „ -- _. � .— ---- � ---- _.._. „ x v --_ �- � ` � �........... ,..._-:::::....... � � � ... h s .... �- — '� _ `.0 3 _ �° E �- U.. N a � a u�:� � o �� � �� u' m � �� � z - �2o y� �L �+�� a H. � c�°' °a � Y N '15 a ��� ' �� ...... 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'R C] - J o �� ,;- � o � c U �� m �0 N � C m� ° o � - T � s !;' � � � �, �....... � �, ,,f �N � � J� a,,, � y; — o w — il� N 7: �' y r� d 2 �� � w o -� i � � C W a L � o � C T o r w �o U C �o N O ao - � � 3 a � a � a c+¢ m � o : o 'y ° ;� rn m m _ :3 � . 3 N .....W........ ' .....................Ow. y � � ..................... a ...................... F o � _ � �o �_ � � m . a = - n v�i w� s� o O F o � � } - � u� p a �j : � �' 2 -o � ° 2o No y o m f Hotel Market Report - Monticello, MN Pa,�e 12 Monticello is located at the intersection of Interstates 94 and State Highway 25. Inter- state 94 is a maj or route across the upper Midwest that connects Minneapolis-St. Paul with Chicago and Detroit to the east, and St. Cloud, Fargo, North Dakota and Billings, Montana to the west At Billings, I-94 connects with Interstate 90 and continues west to Seattle, Washington. Highway 25 is a north-south route across central Minnesota that connects Monticello with Big Lake to the northeast and Buffalo to the south. Traffic counts taken by the Minnesota Department of Transportation in 2018 show that Interstate 94 carries a large volume of traffic: a daily average of 61,000 vehicles to the east of Monticello and 46,500 vehicles to the west. Average daily travel on State High- way 25 between Monticello and Buffalo to the south is about 13,500 vehicles and be- tween Monticello and U.S. Highway 10 to the north is about 10,100 vehicles. Highway 10 carries an average of 16,600 vehicles a day. This river crossing is the only one within 15 miles to the west and 13 miles to the east. HOTEL SUPPLY Our analysis evaluated the facilities, amenities and pricing structure of the competi- tive hotels in Monticello and the neighboring communities that are capturing some of the Monticello lodging demand. Interviews with Monticello's large employers re- vealed that the upscale commercial lodging demand utilizes hotels in Maple Grove, Rogers and Albertville. The Monticello hotel market is framed by St. Cloud to the west and Maple Grove to the east. There are several economy and midscale hotels located along U.S. Highway 10 to the north, butwe identified little leakage of Monticello demand to these properties. There are also two hotels (Country Inn & Suites and Super 8) located along State High- way 55 in Buffalo to the south. These hotels limit the draw of Monticello hotels to the south. There are three franchised hotels and one older motel in Monticello, which are de- scribed in the following table. All three franchised hotels were visited during our field- work. The American Inn Motel is 38 years old and is not considered to be competitive with a new hotel. The Days Inn is considered to be only marginally competitive. The three franchised hotels are located near each other on the south side of the interstate, east of Highway 25. The area is currently more industrial than retail-oriented. Hospitality Consulfing Group Hotel Market Report - Monticello, MN Pa,�e 13 Restaurants on that side of the interstate include Applebee's, Chatters, Blue Stone Grill, McDonald's and a small oriental restaurant. MONTICELLO HOTELS Year Rack Rates Hotel Quality Opened Rooms Regular Suite Amenities Best Western Chelsea Inn & Suites Midscale 2000 51 $120 $160 Pool, hottub, fihiess room, Meetingroom(1,200 sf� Super 8 Economy 1977 70 $90 $130 Pool, meering room (1,500sf� Days Inn Economy 1986 33 $66-$72 $101-$111 Jacuzzi suite American Inn Motel Economy 1982 28 $75-$85 na Refrigerators, microwaves 131 Source: Smith Travel Research and Hospitality Consulting Group Best Western Plus Chelsea Inn & Suites This 51-room, 20-year-old hotel presents the highest quality accommodations available in Monticello. Now an upper midscale hotel, it recently upgraded to qualify for the franchise's "Plus" premium designation. It has 14 suites and amenities include an indoor pool and hot tub, an exercise room and 1,200 square feet of ineeting space. A hot breakfast is provided to guests. Its room rates are $120 for a regular room and $160 for a suite. Rates generally increase about $10 during the summer and can increase by $30 to $40 on busy week- ends. and the hotel offers a 10 percent discount for advance purchase. Super 8 This 70-room, 37-year-old economy hotel originally opened as a Best Western and later converted to a Super 8. Thus, its indoor pool and 1,500 square feet of meeting space are unusual amenities for this economy brand. A limited conti- nental breakfast is provided to guests. Its room rates are $90 to $100 and rates increase by $10 to $20 on weekends. The hotel offers a 15 percent discount for non-refundable advance reservations. Days Inn This 33-room, 34-year-old economy hotel offers very limited amenities. A conti- nental breakfast is provided to guests. Its regular room rates are $66 to $72 and suites go for $101 to $111. Rates typically go up by $10 on weekends and $20 during the summer. Rates have not been increased significantly since 2015 and it offers weekly rates. The hotel offers a 15 percent discount for non-refundable advance reservations. Hospitality Consulfing Group Hotel Market Report - Monticello, MN Pa,�e 14 American Inn Motel This 28-room, 38-year-old economy motel features flat screen TVs, a refrigera- tor and microwave in each room. Itwas one of the earliestAmericInn properties, before dropping the franchise. Its room rates are $75 to $85. It has a highly visi- ble location along I-94 at the Highway 25 Interchange. Crossings by GrandStay The Crossings by GrandStay is a midscale hotel located in Becker, approximately seven miles from Monticello. This 16-year old hotel has 68 rooms and suites. The suites have full kitchens that make them desirable for long stays. The hotel is located near the Xcel Energy Sherburne County (Sherco) Power Plant. Its room rates are $109 for regular rooms and $119 to $129 for suites. Rates are increased $10 on weekends. This hotel occasionally accommodates overflow from the Monticello market. Interviews with the large Monticello employers disclosed that some lodging demand is displaced to hotels in Albertville, Rogers, and Maple Grove. The desire to obtain loyalty club points was given as a reason as frequently as quality issues. Upper level executives usually stay in Maple Grove where higher quality hotels and a larger variety of restau- rants are available. The most competitive hotels in these markets are described in the following table and described below. Country Inn & Suites - Albertville This 66-room, 16-year-old upper midscale hotel features an indoor pool and hot tub, an exercise room and a small 525-square foot meeting room. A hot break- fast is provided to guests. Its room rates are $159 -$162 for regular rooms and $167 -$182 for suites. Rates increase by $10-$20 on weekends. The hotel offers a 15 percent discount for non-refundable advance reservations. The hotel is lo- cated adjacent to a popular restaurant and across the street from the large Al- bertville Premium Outlet Mall. This is a Carlson-Rezindor franchise. Hampton Inn & Suites - Rogers This 13-year-old, upper midscale hotel has 114 rooms along with an indoor pool, a fitness center and a 1,012-square foot meeting room. A hot breakfast is provided to guests. Its room rates are $129 for a regular room and $144 for a suite. The hotel offers a 15 percent discount for non-refundable advanced reser- vations. This is a Hilton franchise. 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A hot breakfast is provided to guests. Its room rates are $119-$124 for a regular room and $129 -$139 for a suite. Weekend rates are $20 higher. It offers a 15 percent discount for non-cancellable reserva- tions. The hotel is an Intercontinental franchise. Cambria Suites-Maple Grove This 11-year-old, upscale hotel has 129 rooms along with an indoor pool, a fit- ness center and 2,025 square feet of ineeting space. A hot breakfast is provided to guests. Its room rates are $139-$149 for a regular room and $179 -$229 for a suite. Weekend rates are $10 higher. This is a Choice Hotel franchise. Hampton Inn-Maple Grove This 23-year-old, upper midscale hotel has 120 rooms along with an indoor pool, a fitness center and a small 625-square foot meeting room. A hot breakfast is provided to guests. Its room rates are $174 to $184. This is a Hilton franchise. Holiday Inn Hotel & Suites-Maple Grove This 13-year-old, upper midscale hotel is the only full-service hotel in the mar- ket area. It has 136 rooms along with an indoor waterpark that is popular on weekends, a fitness center, a restaurant and lounge, and two meeting rooms with a total of 1,635 square feet. Its room rates are $169 for a regular room or a suite during the week; weekend rates increase to $179-$220 for regular rooms and $223-$235 for suites. Rates include four wristbands for the weekend water park. This is an Intercontinental Hotel Group franchise. Marriott Courtyard-Maple Grove This 12-year-old, upscale hotel has 115 rooms along with an indoor pool, a fit- ness center and a 720-square foot meeting room. The hotel features a limited restaurant and bar. It has the highest room rates in the area at $219 -$229 for a regular room and $259 for a suite. Hilton Garden Inn-Maple Grove This17-year-old, upscale hotel has 120 rooms along with an indoor pool, a fit- ness center and 1,400 square feet of ineeting space. The hotel features a limited restaurant and bar. Its room rates are $179 -$199 for a regular room and $229 for a suite. Hospitality Consulfing Group Hotel Market Report - Monticello, MN Pa,�e 17 Staybridge Suites This20-year-old, upscale hotel has 119 rooms along with an indoor pool, a fit- ness center and a small 176-square foot meeting room. The hotel provides a breakfast buffet for guests and a cocktail reception three evenings per week. Its room rates are $138 for a regular room and $156 for a suite. This is an Intercon- tinental Hotel Group franchise. SpringHill Suites This upscale all-suite hotel opened in 2019 with 84 rooms. Each suite has a mini- fridge and a microwave. A breakfast buffet is provided to guests and other amenities include an indoor pool, fitness center, a convenience store, and an out- door grilling area. Its room rates are $199 for a suite. This is a Marriott franchise. ROOM RATE STRUCTURE Current room rates in Monticello range from $66 for economy lodging to $120 for midscale lodging accommodations, before discounts. Demand sometimes peaks on weekends on account of tournaments and various social events. Room rates are sometimes increased by up to $40 on these weekends and rates generally are in- creased by $10 during the summer. There are higher quality hotels available in Albertville, Rogers and Maple Grove. Room rates at the upper midscale hotels in these locations range from $129 to $169, while rates at the upscale properties range from $138 to $219, before discounts. The current posted room rates for the competitive area hotels are summarized in the following table. The annual average rate for the competitive hotels was estimated based on performance data and their pricing structure throughout the year. Hospitality Consulfing Group Hotel Market Report - Monticello, MN Pa,�e 18 COMPETITIVE AREA HOTELS Rack Rates (2020) Estimated Hotel Location Quality Age Rooms Regular Suite ADR(2019) Best West Plus Inn & Suites Monticello Midscale 20 51 $120 $160-$180 $112 Country Inn & Suites Albertville Upper midscale 16 66 $159-$162 $167-$182 $115 Hampton Inn & Suites Rogers Upper midscale 13 114 $129 $144 $116 Holiday Inn F.�cpress & Suites Rogers Upper midscale 11 75 $119-$124 $129-$139 $115 Cambria Suites Maple Grove Upscale 11 129 $139-$149 $179-$229 $125 Hampton Inn Maple Grove Upper midscale 23 120 $174-$184 na $145 Holiday Inn Hotel & Suites Maple Grove Upper midscale 13 136 $169 $179-$220 $140 Marriott Courtyard Hilton Garden Inn Staybridge Suites SpringHill Suites Maple Grove Upscale Maple Grove Upscale Maple Grove Upscale Maple Grove Upscale Source: Smith Travel Research and Hospitality Consulting Group MEETING FACILITIES 12 115 $219-$229 $259 17 120 $179-$199 $229 20 119 $138 $158 1 84 na $199 $170 $145 $120 $165 Monticello Community Center - The largest array of ineeting facilities in Mon- ticello is in the Monticello Community Center. The center has a large room of 4,200 square feet that is used for business, entertainment and social functions. It is a popular venue for wedding receptions. In addition, there are three other meeting rooms of 940, 462, and 168 square feet. The rooms are available for rent to the public and liquor is allowed at events. River City Extreme is a bowling alley and entertainment complex located in Monticello. In addition to a restaurant, bar and a large game room, the complex features a ballroom with a capacity for 300 that is popular for weddings and banquets. Two of the local hotels have meeting rooms: the Super 8 has a 1,500-square foot meet- ing space and the Best Western has 1,200 square feet. HOTEL DEMAND The patronage available to a new hotel consists of commercial visitors conducting business in the area, travelers on the interstate, people attending social functions and Hospitality Consulfing Group Hotel Market Report - Monticello, MN Pa,�e 19 visitors to area residents, and people attending meetings and other group functions. A new hotel in Monticello would seek to capture the upscale lodging demand that is leaving the community to stay at higher quality hotels in neighboring cities, upscale demand from the interstate, and a portion of the demand that is presently accommodated by local hotels. Commercial Demand Commercial demand occurs steadily throughout the year with little seasonal fluctuations other than a decline in business travel during holiday periods. This segment of demand occurs mostly during the weekdays. It originates from travelers conducting business in the area and passing through on the interstate. Commercial travelers generally seek out franchised hotels that are located near their business destination. Because much of this segment travels frequently, they are more likely to participate in hotel loyalty clubs. Interviews with the large employers in the area revealed the usual amount of visitors from corporate personnel, management, vendors and customers. In an earlier interview Cargill Kitchen Solutions reported an estimated 30 to 40 visitors per month that require lodging accommodations. The company officer interviewed indicated that some of the visitors stay in Monticello hotels due to their convenient location, while most of the upper level visitors stay in Maple Grove, attracted by the Hilton, Marriott, and Intercontinental hotel products and the variety of restaurants and shops. The importance of nice restaurants, either for a good meal or for entertaining clients or employees, was emphasized by the Cargill executive, and by other employers with whom we spoke. • In an earlier interview WSI Industries, Inc. estimated that it has an average of four visitors a month that require lodging. They utilize local hotels, but frequently send visitors to one of the Maple Grove hotels on account of the hotel, restaurant and entertainment amenities that are concentrated there. The company official remarked that only a good restaurant in Monticello, suitable for entertaining customers, would alter this pattern. He also mentioned that there are few things for a multi-night stay visitor to do in Monticello. The company has multiple meeting rooms in its plan� so has little need for outside meeting space. In an earlier interview Standard Iron and Wire Works, Inc. reported it is visited by several customers a month and has two sales meetings a year that Hospitality Consulfing Group Hotel Market Report - Mon ticello, MN Pa,�e 20 attract approximately six non-local participants for 2 to 3 nights. The customers seem to be loyal to the large hotel brands so stay in Rogers at the Hampton Inn (Hilton) or the Holiday Inn Express (Intercontinental), or they stay in Maple Grove where a Marriott hotel exists. The company does utilize outside meeting space and requires a capacity of less than 50 people. Xcel Energy operates a nuclear energy plant on the northwest edge of Monticello and a coal-fired energy plant in nearby Becker. The nuclear plant is shut down every two years for re-fueling and maintenance. Crews that can number up to 2,000 are brought to the area for a period of 2 to 6 months. Lodging contracts for the crews are negotiated by the contractor and this demand can fill area hotels that participate. In the 2015 study we estimated that the Monticello hotels enjoyed about a 30-point increase in occupancy during the first six months of 2013 due to this project. Several executives mentioned that a lack of restaurants in Monticello that are suitable for entertaining would be a detriment to a new hotel for some types of their visitors. In contrast to the limited restaurants in Monticello, there is a wide variety of restaurants and fine dining options in Maple Grove. Leisure Demand The Leisure demand segment consists primarily of visitors to local residents by friends and relatives, visitors attending weddings, reunions and other social gatherings, partic- ipants in sports tournaments that are hosted in town, and visitors to Monticello's spe- cial events. The Leisure market segment is largest during the summer months, when vaca- tion travel is at its peak, and reaches its low point in December and January. Leisure de- mand is typically the most price sensitive demand segment. Monticello is exerting efforts to enhance its outdoor recreational amenities in an attempt to attract tourists seeking more active experiences. These efforts include expanding the bike paths throughout the city and linking its parks, and improving access to the Mississippi for fishing, canoeing and kayaking. We believe these efforts should be viewed as amenities that will enhance Monticello's attractiveness as a destination, but are not strong enough to generate a significant amount of additional hotel demand. This is because the proximity to the Twin Cities area reduces the probability of an overnight stay. Hospitality Consulfing Group Hotel Market Report - Mon ticello, MN Pa,�e 21 Group Demand Group business is generated by meetings, seminars and training sessions held by area employers, government agencies, associations and businesses. HOTEL MARKET PERFORMANCE In order to assess the recent trends in the Monticello lodging market, we obtained detailed performance data for the five most competitive hotels from STR Global, a well-known research firm that collects and provides lodging data to the industry. These hotels are the Best Western Plus Chelsea Inn and the Super 8 in Monticello, the Country Inn & Suites in nearby Albertville, and the Hampton Inn & Suites and Holiday Inn Express & Suites in Rogers. This data shows that the competitive set of five hotels achieved an overall annual occupancy of 60 percent in 2019 and an average daily room rate of $110. Lodging Demand The amount of hotel demand accommodated by the competitive hotels has fluctuated over the last six years. Demand and occupancy peaked in 2015, 2017, and 2019 re- flecting the large work crews refurbishing the nuclear plant in those years. Lvdging Demand ��3��upied Rooms� Z014 2015 2016 2017 2018 2019 Source: STR Global Hospitality Consulfing Group Hotel Market Report - Mon ticello, MN Pa,�e 22 The recent occupancy trend for the five competitive hotels is shown in the following graph. C3ccupa�cy ; �� 'G01='. 2015 2015 2D17 2G1S 2019 Source: STR Global Seasonality The seasonality of demand is an important component in determining the size of a new hotel and in projecting its annual occupancy. Monthly performance data for the competitive set obtained from STR Global shows that lodging activity peaks in the summer, but only exceeds 70 percent in the month of August. The high occupancies experienced in the spring months of 2015, 2017, and 2019 are a result of energy crews. Demand during the remainder of the months is consistent over all the years. 100 90 80 70 �° � 60 � c a 50 0 � 40 0 30 20 10 0 Seasa�rality of Demand Jan �eb Mar Apr May Jur� Jul Aug Sep Oct Nov Dec Source: Source: STR Global 2D14 �2015 � 2016 —2D17 2D18 —2019 Hospitality Consulfing Group Hotel Market Report - Mon ticello, MN Pa,�e 23 Average Daily Rate The average daily room rate (ADR) for the competitive supply increased by 6 percent in 2018 and 2 percent in 2019. The trend in average daily rate is shown in the following graph. A�erage Daily Rate ��o1.z6 $99.56 $94.65 $91.52 � 2014 2015 2016 Source: STR Global Day of Week Occupancy ��09.�6 2Q17 2Q18 2019 In general, the market achieves its highest occupancies on Tuesday and Saturday nights. The weekday occupancy is largely due to commercial demand while the Satur- day occupancy is mostly due to leisure demand. Hospitality Consulfing Group Hotel Market Report - Mon ticello, MN Pa,�e 24 Anmua� Day-of-UVeek �ccup��cy 69.4% 72.1% 66.6! 61.7% 37.5% 61.3% �9b— — — Sun Mon Tues Wed Tl�urs Fri Sat Source: STR Global Day of Week Average Rate The market achieves its highest average room rate on Friday and Saturday nights, when leisure demand is greatest. The higher rates are a result of both greater demand and fewer commercial rate discounts. Annual Average Rate by Day �o# Week $105.41 ��06.70 $106.62 $105.15 $102.42 Sue f1�9nn Tuec !+r.'ed Thurc Source: STR Global $121.37 $1I7.39 Fri Sat Hospitality Consulfing Group CONSULTANT QUALIFICATIONS HOSPITALITY CONSULTING GROUP Stephen Sherf — President, Hospitality Consulting Group Stephen Sherf has over 30 years of consulting experience in the hospitality industry. He spent 15 years with a large national public accounting firm, where he was the partner-in- charge of the hospitality consulting division for the Upper Midwest. He also started a gaming consulting company where he worked for 15 years, and founded a hospitality con- sulting company where he has worked for the last 20 years. Mr. Sherf has an extensive background in hospitality consulting that encompasses market studies, valuations, appraisals, acquisitions and sales. He has performed market studies and other advisory services for over 200 hotel projects located mainly throughout the Mid- west for clients that include developers, lenders, hotel companies, and municipalities. He also has particular expertise in development consulting to the gaming industry and has worked on numerous income producing real estate projects that include nursing homes, el- derly housing, subsidized and market rate housing, office buildings, retail developments, convention centers, ice arenas, restaurants, convenience stores, bowling alleys and cine- mas. Operating positions held during Mr. Sherf's career include restaurant manager, auditor, Vice President of Development for a hotel company with 13 properties, and Treasurer for a gaming company where he oversaw the operations of three Colorado casinos. Mr. Sherf is known for his hands-on involvement and realistic conclusions. Where appro- priate, development recommendations are backed by an economic feasibility analysis and a sensitivity analysis to assess risk. He has provided expert witness testimony relating to the valuation of hotels and restau- rants and business interruption claims. He has taught continuing education seminars and spoken at gaming, investment, and state appraisal conferences. He has been a guest lec- turer at the University of Minnesota Graduate School of Business and Stout University. He is frequently quoted in local newspapers and business magazines. Mr. Sherf received an undergraduate degree in economics and an NIBA in finance from Cornell University. He holds a real estate license in Minnesota and has taken several American Appraisal Institute courses. He is a Certified Public Accountant (inactive), is ac- tive in the Minnesota Lodging Association, has served on the planning commission for the City of Minnetrista, and has held a Colorado gaming license. Hospitality Consulfing Group � Hc� s italit 1�" Y CONSULTING GROUP February 20, 2020 Angela Schumann, AICP Community Development Director City of Monticello 505 Walnut Street Monticello, MN 55362 Dear Ms. Schumann: Hospitality Consulting Group is pleased to present the following proposal to update the hotel market study for Monticello, Minnesota that we conducted in August 2015. We understand that the City is interested in examining the economic feasibility of a new hotel to be located within the community. The purpose of this study will be to re- evaluate the market potential that exists for a new hotel and, if market justified, prepare operating and financial projections for the recommended hotel concept. This letter presents our understanding of the assignment, the services which we propose to provide, the timing and fees required and the conditions and limitations under which we would work. BACKGROUND AND UNDERSTANDING We understand that the City of Monticello is interested in attracting a new hotel. Accordingly, the City is interested in determining whether a new lodging facility can be market justified at both a potential location in the downtown and along Interstate 94. Based on its findings from the study performed in 2015, the Hospitality Consulting Group concluded that a new upper midscale hotel would have the greatest possibility for economic success. Key findings of the study included: 1. The local hotel market occupancy was found to have averaged approximately 55 percent over the previous four years, after adjustment for atypical demand from power plant maintenance crews; 2. Upscale demand was leaving the market in favor of higher quality hotels in Albertville and Maple Grove; 5315 Eureka Road Excelsior, MN 55331 Phone (612) 867-1649 hcgroup2@gmail.com Ms. Angela Schumann Page 2 3. The Monticello lodging market experienced a number of capacity nights during the summer and during certain community events; and 4. A new 60-room upper midscale hotel could expect to achieve annual occupancies of 54% to 63% in its first five years of operation and capture an average daily rate of $106.67 to $120.37 over this period. SCOPE OF SERVICES The scope of services that we propose to update our evaluation of the hotel development potential in Monticello is detailed below: - Meet with you and other city officials to obtain information on recent and proposed developments that may have an impact on lodging demand; - Obtain information regarding the scope and timing of the Google facility planned for Becker; - Update current economic and demographic data pertaining to the local and regional market to evaluate the present economic climate and to estimate future growth potential, particularly as it relates to lodging demand; - Obtain current data regarding the performance of the local hotel market and re- interview several of the local employers who utilize lodging accommodations in order to quantify the current overall demand for hotel rooms in the market area and demand what is deterred from the market; - Inspect the other hotels in Monticello and evaluate them with respect to their age, facilities and amenities, rate structure and their relative competitiveness; - Identify other proposed hotel developments in the area and assess their probability of completion and the degree to which they would compete with the subject hotel; - Prepare a demand analysis for a hotel located in the downtown area and for a hotel with conference facilities located within 1/ mile on either side of Interstate 94. Each location has competitive advantages and disadvantages. Estimates of future lodging demand and likely market penetration will be prepared for the recommended hotel at both locations, from which utilization (occupancy and average rate) will be prepared for their first five years of operation; 5315 Eureka Road Excelsior, MN 55331 Phone (612) 867-1649 hcgroup2@gmail.com Ms. Angela Schumann Page 3 Prepare estimates of room revenue, other revenue, and operating expenses for the recommended hotel project at both locations to the level of cash flow available for debt service, for their first five years of operations; and - Based on the site and the estimated hotel development costs for each location, prepare a feasibility analysis that analyzes the ability of the hotels to meet their respective debt service obligations under likely financing assumptions. At the conclusion of the market study we will review our findings, conclusions and recommendations with you. Final Report We will prepare a final written report that will contain our findings, conclusions, hotel facility description and financial projections, as well as the underlying data and documentation supporting the analysis. The report will contain sufficient information and analysis to assist potential developers in determining their level of interest in pursuing a hotel development. The report will be provided in draft form for your review and commen� prior to finalization. ESTIMATED FEES AND TIME FRAME Based on the scope of the work outlined, the fee required for this engagement will be $5,000 plus $550 for hotel data purchase. This fee includes all other expenses associated with the assignment. Our fee includes three bound copies of the final report and an electronic copy. If additional bound copies are requested, we will provide them to you at our reproduction cost. Our fees for this engagementwill not exceed $5,550 unless the scope of our work is significantly expanded. If additional work in excess of the scope described above is requested, we will discuss the matter with you so that a mutually acceptable revision may be made. Of course you may terminate this engagement at any time by so informing us, in which case you would only be responsible for the fees and expenses incurred to that point. In accordance with our Firm's policy on consulting engagements, a retainer of $2,500 must accompany confirmation of this engagement. The remaining $3,050 will be due upon receipt of the draft report and must be paid prior to release of the final report. If the project is halted at any time, we will refund any unused portion of the retainer received. 5315 Eureka Road Excelsior, MN 55331 Phone (612) 867-1649 hcgroup2@gmail.com Ms. Angela Schumann Page 4 We anticipate this assignment will take three weeks to complete. TERMS AND CONDITIONS Our report will be based on estimates, assumptions and other information developed from our research of the market, knowledge of the industry and meetings with City officials. The sources of information and bases of our estimates and assumptions will be stated in the report. The terms of this engagement are such that we will have no obligation to revise the report or the projected operating results to reflect events or conditions that occur subsequent to the completion of our field work in the market. However, we will be available to discuss the necessity for future revision because of changes in the economic or market factors affecting the proposed project. Some assumptions inevitably will not materialize, and unanticipated events and circumstances may occur; therefore, actual results achieved during the periods covered by our prospective analyses will vary from those described in our report, and the variations may be material. Our report will contain a statement to this effect. Further, we will notbe responsible for future marketing efforts and other management actions upon which actual results will depend. Our report is intended for the information of the City of Monticello and may be provided to interested hotel developers. It may also be used in its entirety in support of financing efforts for a specific hotel project in the community. However, neither the report nor its contents may be referred to or quoted in any registration statement, prospectus, private placement memorandum, appraisal or other investment document without our prior review and written consent. It is agreed that the liability of Hospitality Consulting Group and its employees is limited to the amount of fee paid as liquidated damages. ACCEPTANCE PROCEDURE If this proposal meets with your approval, please return a signed copy of this engagement letter along with a retainer check as authorization to proceed with the engagement. 5315 Eureka Road Excelsior, MN 55331 Phone (612) 867-1649 hcgroup2@gmail.com Ms. Angela Schumann Page 5 If you have any questions or would like to discuss this proposal further, please feel free to call. We look forward to working with you on this project. Sincerely, HOSPITALITY CONSULTIING GROUP � ts.' . Stephen W. Sherf President ACCEPTED BY: TITLE: DATE: 5315 Eureka Road Excelsior, MN 55331 Phone (612) 867-1649 hcgroup2@gmail.com Ms. Angela Schumann Page 6 Profile Stephen Sherf - President, Hospitality Consulting Group Stephen Sherf has over 30 years of operational and consulting experience in the hospitality industry. He spent 15 years with a large national public accounting firm, where he was the partner-in-charge of the hospitality consulting division for the Upper Midwest. He also started a gaming consulting company where he worked for 15 years, and most recently, founded a hospitality consulting company. Mr. Sherf has an extensive background in hospitality consulting that encompasses market studies, valuations, appraisals, acquisitions and sales. He has performed market studies and other advisory services for over 200 hotel projects located mainly throughout the Midwest, for clients that include developers, lenders, hotel companies, and municipalities. He also has particular expertise in development consulting to the gaming industry and has worked on numerous income producing real estate projects that include nursing homes, elderly housing, subsidized and market rate housing, office buildings, retail developments, water parks convention centers, ice arenas, restaurants, convenience stores, bowling alleys and cinemas. Operating positions held during Mr. Sherf's career include restaurant manager, auditor, Vice President of Development for a hotel company, and Treasurer for a gaming company where he oversaw the operations of three Colorado casinos. Mr. Sherf is known for his hands-on involvement and realistic conclusions. Where appropriate, development recommendations are backed by an economic feasibility analysis and a sensitivity analysis to assess risk. He has provided expert witness testimony relating to the valuation of hotels and restaurants and business interruption claims. He has taught continuing education seminars and spoken at gaming, investment, and state appraisal conferences. He has been a guest lecturer at the University of Minnesota Graduate School of Business and Stout University. He is frequently quoted in local newspapers and business magazines. Mr. Sherf received an undergraduate degree in economics and an MBA in finance from Cornell University. He holds a Minnesota real estate license and has completed several American Appraisal Institute courses. He is a Certified Public Accountant (inactive), is active in the Minnesota Lodging Association, has served on the planning commission for the City of Minnetrista, and has held a Colorado gaming license. 5315 Eureka Road Excelsior, MN 55331 Phone (612) 867-1649 hcgroup2@gmail.com EDA Agenda - 08/12/20 8. Consideration of Adopting EDA Resolution #2020-09 Authorizing the 2021 Special Benefit Tax (HRA Levvl in the Amount of $366,300 and Setting the 2021 EDA Revenue and Expenditures Budget in the Amount of $371,300 (JT/SR) A. REFERENCE AND BACKGROUND: This item is for consideration of the 2021 HRA Levy and 2021 EDA Budget. EDA Resolution #2020-09 is attached and includes the recommended levy amount and budget proposal that the EDA discussed moving forward with during the July 8, 2020 meeting. The proposed levy amount is $366,300. The levy amount is calculated based on a percentage of the total taxable market value of property in the City as of 2020. This figure is the maximum amount the EDA can levy for its work plan under State Statutes. The City of Monticello's 2020 Taxable Market value is $1,980,148,000. The percentage of the taxable market value that can be levied under State Statutes is .0185. Setting the annual levy is a policy decision for the EDA. To carry out the objectives in the EDA work plan requires a stable source of funding and prioritization of activities and/or expenditures. The proposed 2021 tax levy will allow the formation of the 2021 EDA General Fund expenditures budget in the amount of $371,300. The interest earnings derived from the General Fund reserves are projected to be $5,000 in 2021 [$366,300 (levy amount) + $5,000 (interest earnings amount) _ $371,300]. The budget proposal includes specific line items for all operating expenditures while generally excluding unusually large property acquisition-redevelopment activities. (large property acquisition activities can be sourced from the General Fund reserves). The typical operating line items consist oi 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 EDA's largest single expense line item is typically often related to land acquisition- redevelopment activities. Unused funds carry over from year to year and remain in the EDA General Fund and available for various EDA goals as needed. The 2021 EDA General Fund Budget proposal is attached. Information about the City's overall taxable market value, maximum allowed property HRA tax levy along and the certified levy for the timeframe 2016 to 2020 is shown in the table below. Maximum allowed and certified levies shown below are based on values from the prior year. Property valuations in assessment year 2020 increased by $56,333,100 over 2019 values, a 2.93 percent increase. Year Taxable Mkt. Value* Allowed Levv bv Statute Actual Levv 2021 $1,980,148,000 $366,300 ??????? 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 *Taxable market value is for the calendar year prior to the levy year, e.g. 2021 levy is based on 2020 Taxable Market T�alue amount The proposed levy is calculated at . 0185 percent x municipal taxable market value (2020 =. 0185 x$1, 980,148, 000) It should be noted the 2021 levy amount established by the EDA is subject to City Council approval. The amount will be presented to the City Council as a recommendation. Al. STAFF IMPACT: The staff impact related to seeking EDA approval for the 2021 HRA Levy and 2021 EDA Budget is minimal. A2. BUDGET IMPACT: The cost of presenting the 2021 Property Tax Levy discussion to the EDA for consideration is minimal. It is part of the normal work duties of the EDA Executive Director. The EDA attorney drafted the Resolution and will present an invoice for an amount estimated to be $300.00 +/- 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 adopting EDA Resolution #2020-09 authorizing the levy of a 2021 Special Benefit Tax (HRA Levy) Pursuant to Minnesota Statutes, Section 469.033, Subdivision 6 in the amount of $366,300 and Approving an EDA revenue and expenditures budget in the amount of $371,300 for fiscal year 2021 2. Motion denying adoption of EDA Resolution #2020-09 3. Motion to table consideration of adopting EDA Resolution #2020-09 for further research and/or discussion. C. STAFF RECOMMENDATION: Based on discussion during the July 8, 2020 EDA meeting, staff recommends that the EDA adopt Resolution #2020-09 setting the 2021 HRA property tax levy at $366,300 and the 2021 EDA General Fund Revenue and Expenditures Budget at $371,300. The budget and the levy are reflective of the resources needed for and allocated to the EDA work 2 plan goals and its overall mission to facilitate economic development and redevelopment activities that expand the tax base, increase employment opportunities and create a vibrant economy. Several of the specific activities which the EDA is currently engaged in will carry over into 2021 and perhaps 2022. They include: Block 52 redevelopment efforts (land assembly and structure removal demolition), marketing of the Block 34 and Cedar- Garden Center sites; continuation of a Downtown Fa�ade Improvement Grant Program (estimated additiona12021 cost of $100,000); industrial development land acquisition(s) and potential strategic land acquisition in the core downtown to facilitate redevelopment as opportunities arise. If the EDA adopts Resolution #2020-09, it will be presented to the City Council in September, 2020 for consideration along with its overall preliminary City General Fund Levy. The preliminary levies (both City and EDA) are required to be submitted to the County in September. The City Council will consider a final 2021 City General Fund levy and the 2021 HRA Special Benefit Levy in December. If the EDA desires more time to discuss the 2021 Special Benefit Levy, it could be considered again at its September 9, 2020 meeting and still be reviewed by the City Council in September, 2020. D. SUPPORTING DATA: A. Draft 2021 EDA General Fund Expenditures Budget Proposal B. Draft 2021 EDA General Fund Revenue Budget Proposal C. Economic Development Goals (from 2018 Council Visioning Session) D. 2020 EDA Workplan Goals and Objectives 3 CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 2020-09 AUTHORIZING THE LEVY OF A SPECIAL BENEFIT TAX PURSUANT TO MINNESOTA STATUTES, SECTION 469.033, SUBDIVISION 6 AND APPROVING A BUDGET FOR FISCAL YEAR 2021 WHEREAS, pursuant to Minnesota Statutes, Sections 469.090 through 469.1081, as amended, the City Council of the City of Monticello, Minnesota (the "City") previously created the City of Monticello Economic Development Authority (the "Authority"); and WHEREAS, the Authority is authorized to exercise all powers and duties of a housing and redevelopment authority under the provisions of Minnesota Statutes, Sections 469.001 to 469.047 (the "HRA Act"); and WHEREAS, Section 469.033, subd. 6, of the HRA Act permits the Authority to levy and collect a special benefit tax of up to 0.0185 percent of taxable market value in the City, levied upon all taxable real property within the City, to finance the Authority's economic development and redevelopment activities; and WHEREAS, the special benefit tax levy authorized by Section 469.033, subd. 6 of the HRA Act is separate and distinct from the City's levy and is not subject to levy limits; and WHEREAS, the Authority desires to levy a special benefit tax in the amount of 0.0185 percent of taxable market value in the City; and WHEREAS, the Authority has determined to adopt a budget for fiscal year 2021 that provides for the levy of the special benefit tax in the amount of 0.0185 percent of taxable market value of property in the City, to be used for the Authority's economic development and redevelopment activities. NOW, THEREFORE, Be It Resolved by the Board of Commissioners (`Board") of the City of Monticello Economic Development Authority as follows: The Board hereby approves a budget of $371,300 (excluding TIF district and loan activity) for fiscal year 2021, including the levy of a special benefit tax in an amount not to exceed $366,300, subject to approval of such budget by the City Council prior to September 30, 2020. 2. Staff of the Authority is hereby authorized and directed to file the budget with the City in accordance with Minnesota Statutes, Section 469.033, Subdivision 6 and request that the City Council consider approval of the special benefits tax levy. 667103v1MN190-101 There is hereby levied a special benefit tax pursuant to Minnesota Statutes, Section 469.033, Subdivision 6, in an amount not to exceed $366,300 with respect to taxes payable in calendar year 2021, contingent upon the approval of the City Council. 4. Staff of the Authority is hereby authorized and directed to take such other actions as are necessary to levy and certify such levy upon approval by the City Council. Approved by the Board of Commissioners of the City of Monticello Economic Development Authority this 12th day of August, 2020. President Attest: Executive Director 667103v1MN190-101 2 213-00000-310110 CURRENT AD VALOREM TAXES $ 279,567 $ 322,254 $ 347,340 $ 355,000 $ 355,000 $ 366,300 3.2 % 213-00000-310210 DELINQUENT AD VALOREM TAX 600 343 541 - - - --- 213-00000-310310 Mobile Home tax 426 589 610 - - - 213-00000-319100 PENALTIES & INT - TAX 24 - - - --- 213-00000-334020 Intergovernmental - - - - --- 213-00000-347110 Rental of City Property 1,000 - - - - --- 213-00000-362110 INTEREST EARNINGS - INVESTEMENTS (Gen EDA) 27,396 17,343 57,026 5,000 5,000 5,000 0.0 % 213-00000-362110 INTEREST EARNINGS - INVESTMENTS (GMEF) 15,844 9,702 37,758 15,000 15,000 15,000 0.0 % 213-00000-362110 INTEREST EARNINGS - INVESTMENTS (TIF) 26,772 16,362 42,872 20,000 20,000 20,000 0.0 % 213-00000-362400 SALE OF PROPERTY - - - 105,000 --- 213-00000-362990 OTHER MISCELLANEOUS REV 122,125 500 3,220 - - --- 213-00000-392000 OPERATING TRANSFERS IN 116,473 - - - - --- 213-46301-362200 TIF Intrafund LOAN REPAYMENT - PRIN - 39,456 39,456 48,978 24.1 % 213-46301-362220 TIF Intrafund LOAN REPAYMENT - INT 18,814 12,795 11,335 14,200 14,200 7,868 -44.6 % 213-46506-310500 TIF #6 - RAINDANCE (decertified) --- 213-46519-310500 TIF #19 - MISSISSIPPI SHORES 31,693 32,187 35,915 31,334 31,334 31,334 0.0 % 213-46520-310500 TIF #20 - PRAIRIE WEST 18,074 18,909 - - - - --- 213-46522-310500 TIF #22 - CCD/DOWNTOWN 264,228 263,401 287,485 262,214 262,214 262,214 0.0 % 213-46522-347110 Rental of City Property - - - - --- 213-46524-310500 TIF #24 - ST BEN'S CENTER 42,782 43,271 51,252 42,782 42,782 42,782 0.0 % 213-46529-310500 TIF #29 - FRONT PORCH 24,242 26,144 31,033 24,665 24,665 24,665 0.0 % 213-46530-310500 TIF #30 - CMHP 10,032 10,883 13,162 10,032 10,032 10,032 0.0 % 213-46534-310500 TIF #34 - 194 INTERCHANGE 203,857 201,516 215,475 203,862 203,862 203,862 0.0 % 213-46536-310500 TIF #36 - DAHLHEIMER DIST - - - - 213-46537-310500 TIF #37 - KARLSBURGER FOODS - - - - 213-46538-310500 TIF #38 - WALKER IN-STORE 10,668 - - - - - --- 213-46539-310500 TIF #39 - Suburban 42,455 41,967 45,603 42,455 42,455 42,455 0.0 % 213-46601-362120 INT EARNINGS - Rustech 2,332 2,347 - - - --- 213-46601-362122 INT EARNINGS - MontiRV 3,086 - - - --- TOTAL REVENUES $ 1 140 575 $ 1 136 971 $ 1 186 084 $ 1 066 000 $ 1 066 000 $ 1 185 490 11.2 % CITY OF • ��� on Ic� a MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY 2020 ANNUAL ECONOMIC DEVELOPMENT WORK PLAN EDA Purpose: The EDA is charged with coordinating and administering the City of Monticello's economic development and redevelopment 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 Redevelopment Supporting Life-Cycle Housing Choice GOAL(S): FACILITATING REDEVELOPMENT Objective: Continue to support redevelopment efforts for publicly-owned properties on Block 52. Strategies: 1. Continue to focus on site control for a potential future targeted redevelopment in Block 52 as envisioned in the Downtown Small Area Study Plan. 2. Continue to collaborate with Beard Group, Inc. in the design of a redevelopment plan suitable for the Block 52 site(s). 3. Reconnect Walnut Street to River Street in support of redevelopment. 4. Remain open to strategic opportunities for redevelopment throughout the community. 5. Refocus on aggressively marketing Block 34 and the CedarBroadway site. GOAL(S): ENHANCING DOWNTOWN EXPANDING TAX BASE SUPPORTING LIFE-CYCLE HOUSING CHOICE FACILITATING REDEVELOPMENT Objective 1: Implement the recommendations of the Downtown Small Area Plan. Strategies: 1. Support and advocate for improvements to the downtown as envisioned in the Small Area Plan and Walnut Street Corridor Plan. 2. Develop and support the appropriate policies, programs, and incentives that enable the type of development described in the Plan. 3. Continue to build a funding base for use in property acquisition and redevelopment efforts in targeted areas. 4. Implement a fa�ade improvement program for desired revitalization areas. 5. Continue to meet with downtown property owners either in either an informal group setting (Downtown Rounds) 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. 6. Encourage continued incorporation of arts as an economic development tool for powntown Monticello and the community at-large. 7. Support opportunities for park and pathway development as consistent with the Downtown Small Area Plan. 8. Encourage the redesign of the pathway connection under the MN TH #25 bridge to incorporate safety elements and improved lighting. 9. Ensure greenway and pedestrian/cycle connections are considered within the downtown and from the downtown to other areas within the community. Objective 2: Develop and implement a comprehensive Marketing & Communication Strategy for priority sectors and locations. Strategies: 1. Engage a marketing intern to design and implement the Marketing & Communication Strategy in concert with the Communications Manager and Economic Development Manager. 2. Support the development of an economic development brand and implement in all sectors of economic development activities. 3. Enhance the brand and tell the story of Downtown Monticello. 4. Incorporate the marketing of EDA incentive programs in a more proactive manner, both within the community and beyond, a. Present existing and new incentive programs to smaller community groups, local banks, realtors, and local businesses either on in an informal group session or a formal roundtable format. b. Develop and communicate a"complete" development package program which provides support and assistance to prospects and developers from inquiry to construction. 5. Market industrial development at the Monticello Business Center (Otter Creek Business Park) to a broad variety of prospects as guided by the current and future Comprehensive Plan. a. Focus on prospects which serve or rely on the St. Cloud and Twin Cities markets. b. Focus on supply chain prospects. 6. With the IEDC, communicate with current business and industry in support of Business Retention & Expansion. a. Engage in informal business and industry small group meetings and explore potential format of helpful formal round tables meetings. b. Work with the Monticello Times to do a business spotlight or profile article two times per year. Objective 3: Support community quality-of-life initiatives which act as economic development tools. Strategies: 1. Encourage and support coordinated planning and development of parks, trails in or near business districts. 2. Support the development Bertram Chain of Lakes Regional Park, including community connections. GOAL: SUPPORTING LIFE-CYCLE HOUSING CHOICE Objective(S): Evaluate the need for specific housing types and act as a partner in creating affordable housing development for the community. Strategies: 1. Complete 2020 Housing Study update to assess housing needs across the spectrum of housing choice and incorporating changing demographic trends. 2. Develop revised policy statements for housing which address the identified study needs. 3. Continue to market workforce housing development on EDA owned land along East 4tn Street and Outlot A of Country Club Manor, or at other suitable sites in the City, including the Downtown. 4. Support efforts by private and non-profit entities to develop affordable housing projects utilizing state and federal programs. 5. Examine use and application of available housing TIF dollars per the 2016 TIF Management Plan and the adopted Policy Statements for Available TIF Funds. 6. Continue to periodically examine housing stock for aging or blighted properties and research development of programs for redevelopment and/or revitalization of existing housing. GOAL(S): EXPANDING TAX BASE, ATTRACTING & RETAINING JOBS Objective 1: Continue to develop and leverage available tools for business development and job creation. Strategies: 1. Continue discussion on use of tax reimbursement/abatement, including development of criteria/application. 2. Identify and communicate new or innovative state and federal programs or grants which could be leveraged to support business development. 3. Proactively support small business start-up efforts through programs and various tools available for small businesses. Objective 2. Collaborate with various local entities involved in monitoring and developing workforce training awareness efforts to address workforce needs. Strategies: 1. Continue to support the IEDC interactions with in the Wright County Workforce Pathways efforts in addressing workforce needs and training. 2. Consider IEDC recommendations and be prepared to be a partner in potential solutions based on WCWFP findings. 4��=age Objective 3: opportunities. Strategies: Engage as a partner in local and regional planning and development 1. Monitor the regional planning efforts of the Central Mississippi River Regional Planning Partnership (CMRRPP) and engage with feedback as requested. 2. 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. 3. Monitor commuter rail development in and around the Twin Cities metro region for potential benefits and opportunities to serve Monticello. Appendix: Monticello Comprehensive Plan, 2008 — Economic Development 5��=age T Y +� � � � � � > � N a- �' e�o N �C C -O T � � t0 � � p�p � � � '^ v O O v bB cz � V 9 10 N � � v . 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Economic Development Director's Report (JT) A. Housing Study Update A community discussion regarding housing supply and needs was conducted and led by MSA Professional Services on Wednesday, August 5, 2020. Approximately 22 people participated in the virtual-remote discussion session. The information and views shared about housing will be incorporated into the Housing Study which is expected to be completed at the end of August 2020. The final report will be presented to the EDA at a meeting in September for final acceptance. The data and information will also be helpful for the final work phases in completing the Monticello 2040 + Comprehensive Plan update. B. Project Gia-Saurus Update: This is a summary update on Project Gia-Saurus work-task efforts as of early August, 2020. Efforts to evaluate funding options continue and progress is occurring. The City and EDA may be asked to hold a second joint meeting to decide on an optimal site for the $50,000,000 +/- development proposal. The three sites identified in the Feasibility Study completed by WSB all provide sufficient land area and are viable development options. They are unique in that they have varied required levels of infrastructure costs associated with further development as industrial areas. In this regard they offer different pros and cons related to the Project Gia-Saurus proposal and future spin-off or related development opportunities. Task efforts related to Project Gia-Saurus have been organized into four areas and each is accompanied by a short summary of the work status below: Legislative — seeking funding assistance for a portion of the $50,000,000 +/- proposal; discussions have been held with several member representatives of Minnesota's U. S. Congressional delegation. More discussions are expected to occur in the ne�t several weeks. 2. Federal and State funding programs — staff have reviewed NIN-DEED funding programs and are also reviewing US-EDA grant program guidelines and application materials. Funding would be primarily used for infrastructure which may or may not include a building. 3. Industrial Land Feasibility Study — Completed by WSB. Study identifies three viable sites. WSB provided a follow up Memorandum further highlighting cost differentials for public infrastructure at each potential site and provided a ranking of the sites. 4. Project and Process Review-Communications — Continuance of efforts to understand the desired development timeframe and deadlines. Review of company due-diligence information in detail is expected at the time of funding applications. A Letter of Intent may be presented to the EDA at the August 26, 2020. Staff will continue to work on all of these tracks to keep moving the proposal forward. EDA Agenda: 08/12/20 C. UMC Expansion Update: Staff have a scheduled a meeting with UMC officials on Wednesday, August 11, 2020 to discuss the new schedule for development of the proposed 52,000 square foot manufacturing facility. Staff will provide a verbal update of the discussion and identified ne�t steps to keep the proposal moving forward to the EDA at the regular meeting. D. Workforce Update: The ne�t Workforce Pathways Meeting is scheduled for August 19, 2020 at 8:30 a.m. at the Wright Tech Center, Buffalo, MN. Jolene Foss, the new Wright County Economic Development Partnership (WCEDP) Executive Director, is picking up the County-wide collaborative process where it was interrupted in March 2020 due to COVID-19 shutdowns. City of Monticello staff have been involved in the efforts since the inception of the program. Discussion items for the August 19, 2020 meeting include: • Completing the work on the Pathways Wheel tool for businesses, • Collaborating with businesses in Wright County to help identify their specific workforce needs, • Assisting with aligning resources for employers and educating potential employees of opportunities, and • Determining the ne�t course of action as it relates to aligning resources. E. Potential Tour of Rivertown Residential Suites: Possible tour dates include: Thursday, August 27, 2020 at 4:00 p.m. or Thursday, September 17, 2020 at 4:00 p.m. EDA discussion encouraged. F. 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