EDA Agenda 10-28-2020AGENDA
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, October 28th, 2020 —7:00 a.m.
Academy Room, Monticello Community Center
Participants can choose to attend in-person or remotely via Go-To:
Web: https://�lobal.�otomeetin�.com/ioin/949013725
Phone: (571) 317-3112 � Access Code: 949-013-725
Commissioners: President Steve Johnson, Vice President Bill Tapper, Treasurer Jon
Morphew, Tracy Hinz, 011ie Koropchak-White and Councilmembers
Lloyd Hilgart and Jim Davidson
Staff: Executive Director Jim Thares, Jeff O'Neill, Angela Schumann, Sarah Rathlisberger and
Jacob Thunander
1. Call to Order
2. Roll Call
3. Consideration of Additional Agenda Items
4. Consent Agenda
No Items
Regular Agenda
5. Consideration of Approving Small Business Emergency Grant Agreements in the
Amount of $5,000 to Salon Glitz & Glam; The Hairdresser Inc.; and Lucille Murray's
Studio of Dance (LMSD, LLC) to Mitigate COVID-19 Economic Impacts
6. Consideration of a recommendation on the Economic Development chapter of the
Monticello 2040 Comprehensive Plan
7. Consideration of WSB Economic Development Assistance Services Quarterly Report
#2020-3
8. Economic Development Director's Report
9. Adj ourn
EDA Agenda: 10/28/20
5. Consideration of Approvin� Small Business Emer�encv Grant A�reements in the
Amount of $5,000 to Salon Glitz & Glam; The Hairdresser Inc.; and Lucille Murrav's
Studio of Dance (LMSD, LLC) to Mitigate COVID-19 Economic Impacts (JaT/JT)
A. REFERENCE AND BACKGROUND:
The EDA is being asked to consider approving a ninth batch of application(s) to the Small
Business Emergency Grant Program. The EDA approved the Small Business Emergency
Grant Program and a funding source 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 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 in the amount of $5,000 each.
Three (3) new Grant Assistance applications were received for consideration. Please see the
table below.
Name of Business Tvpe of Business # of Emplovees Amount of Grant
Salon Glitz & Glam Salon 1* $5, 000
The Hairdresser Inc. Salon 7 $5, 000
Lucille Murray's Studio Dance Education 12 $5, 000
* Employee numbers noted as not meeting the Grant Guidelines
Staff have reviewed the applications (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.
One of the applicants falls short of the required employee threshold as stated in the Grant
Program Guidelines. Prior to the pandemic, Salon Glitz & Glam had 1 full-time employee.
They have been a part of the Monticello business community for five years. Salon Glitz &
Glam's financial summary information indicates they have experienced negative financial
impacts with year over year figures indicating a 25 percent decrease in gross revenue. The
salon's commitment to serve the Monticello community and patrons over the past five years
and the proposed use of the grant funds for rent payments and utilities may merit approval. It
is the EDA's right to flex or waive adherence to the guidelines on a case by case basis.
The EDA has already approved thirty-three (33) grants or $165,000 in total funding since the
creation of the grant program. If the EDA approves the additional three grant requests, a
program balance of $20,000 will remain and essentially be pooled back in with the funds that
the City is using for other various eligible expenditures. All CARES Act funding must be
1
EDA Agenda: 10/28/20
disbursed by mid November 2020.
At the regular October 14, 2020 meeting, the EDA indicated that it may be open to further
discussions of continuing the emergency funding program using the Greater Monticello
Enterprise Fund (GMEF) if the impacts of the pandemic continue negatively impacting the
small businesses.
Al. STAFF IMPACT: Staff time involved in considering the grant request involves the
work related to reviewing the applications 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.
A2. BUDGET IMPACT: The budget impact from considering approving three (3) Small
Business Emergency Grants is in disbursing an additional amount of $15,000 from the
Emergency Grant Assistance Program. If the EDA approves the three (3) new grants in
addition to the thirty-three (33) that were previously approved, the remaining fund balance
would be $20,000.
B. ALTERNATIVE ACTIONS:
L Motion to approve Small Business Emergency Grant Agreements between the EDA and
Salon Glitz & Glam; The Hairdresser Inc.; and Lucille Murray's Studio of Dance (LMSD,
LLC) in the amount of $5,000 to mitigate COVID-19 economic impacts.
2. Motion to deny approval of Small Business Emergency Grant Agreements between the
EDA and Salon Glitz & Glam; The Hairdresser Inc.; and Lucille Murray's Studio of
Dance (LMSD, LLC) in the amount of $5,000 to mitigate COVID-19 economic impacts.
3. Motion to table consideration of approving Small Business Emergency Grant Agreements
between the EDA and Salon Glitz & Glam; The Hairdresser Inc.; and Lucille Murray's
Studio of Dance (LMSD, 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 grants are approved, they
are not considered a"business subsidy" as defined in state statutes. The program guidelines
require the grant recipients to provide a brief follow-up report back to the EDA describing
how the funding was used.
D. SUPPORTING DATA:
A. Salon Glitz & Glam Application
B. The Hairdresser Inc. Application
C. Lucille Murray's Studio of Dance (LMSD, LLC) Application
2
EDA Agenda: 10/28/20
D. Summary Grant Review-Evaluation Checklist
E. Grant Agreement Template
F. Small Business Emergency Grant Program Guidelines
"" "' MONTICi:LLO EDA
�t �
onticello SMALt_ BUSINESS EMERGENCY GRANT
APPLICATION
1• CONTACT WFORMATION
Legal Name of Business: �� / U 17 �•7 �i 7�-� � C�'��I/%�%
Project Si te A d d ress:
City / State / Zip: �
ContactPerson(s): ��� r/ni����� rN/�ljy�rl �1��
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Home Phone:
Check One:
Federal ID #
Property Owner:
❑ �oprietor
Jea-�-�
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State ID #
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" ma� include those staff renting or leasing
facilities within the Monticello business location.
Prior to March 15t'', 2020
Current
FT �
FT
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, �, Give a brief summ�ry of your business (products, services, growth history,
c�p�ration�, numbcr of locations, etc.)
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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
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e. Describe of the current plans for resuming operations following the COVID-19
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qrnc�unt R��qu�sted: $ � / �C� 0
4, FINANCING
Pl�ase providc documents/evidc nr�� c�f <>th��r sc�urcc�5 c,f 5tat�� <,r fecit�t ;I fu�l
business has been awarded or denicd dtiring the COVID pandemic, as appl,; :_.t,.,
including Economic Injury funds, YPP, 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 IlVFORMATION REQUESTED.
C) Proof of expenses to be paid
D) Award/denial letters - State and Federal Assistance Programs
6. 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): �� �-�� � h Ye�hr��.r1 �
DATE: `C� `�� �O3U'�O
The EDA is a govermnental entity and as such must provide public access to public data it receives.
Data deerned by Applicant to be nonpublic data under State law should be so designated or marked
by Applicafzt. See Mimiesota Statutes, Sections 13.591, Su�d.1 and 2.
3
Jacob Thunander
From:
Sent:
To:
Subject:
Attachments:
Jim Thares
Monday, October 19, 2020 8:48 AM
Jacob Thunander
FW: Grant
IMG_7736.jpg; ATT00001.txt; IMG_7737.jpg; ATT00002.txt; IMG_7739jpg; ATT00003.txt
Jacob, I had a chance to stop and talk to Salon Glitz and Glam on Saturday after the Rotary event. Here is the mailing
address:
-----Original Message-----
From:
Sent: Sunday, October 18, 2020 6:26 PM
To: Jim Thares <Jim.Thares@ci.monticello.mn.us>
Subject: Grant
Also average Monthly gross revenue prior to Covid was approximately $4738.00 (per month) and projected monthly
gross revenue for next three months would be approximately the same $4738.00 (per month)
c i Y v c a F MQNTICELLO EDA
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Montice o SMALL BUSINESS EMERGENCY GRANT
APPLICATION
1. CONTACT INFORMATION
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Legal Name of Business: e. l�` ,,�' SS.ev' ��
Projec:t Site Address: �
Ciry / State / Zip:
Contact Person(s):
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Check Onc.: Proprietor ��Corporation
Federal ID � _State la � �
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Property Owner: (1 ` � �`
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2. BUSINESS INFORMATI�N
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 terrn "employees" may include those staff renting or lerrsing
facilities within the Monticello business location.
Prior to March 15�, 2020
Currenk
;�-,, �. _ . �,�:-
FT � � 3
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operations, numbcr ot loiatiuns, ctc.)
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d. Provide information regard.ing how your operations havc bcen impactc:d by thc
pandemic, specifically hours of operation, employee reducdons, etc. Include any
strategies implemented to sustain your business
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e. Describe of the current plans for resuming operations following the COVID-19
crisis.
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3. GRANT R�QUEST
Amount Requestcd: $ � �.� • d�
4. FINANCING
Please provide documents/evidence of other sourccs of state or federal funds your
business has been awarded or denicd during the COV1D pandemic, as applicable,
including Economic Injury funds, PPP, ctc.
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) Froof of e�cpenses to be paid
D) Award/denial letters — State and Federal Assistance Programs
6. AGREEMENT
I/ We certify that all information provided in this application is true and correct to thc
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 requcstcd
by the ciry.
The undersigned has received the EDA's policy regarding the program and complies �vith
aii eligibility requirements. Further, the applicant understands that funds are awarded on
a first-come first served basis.
APPLICANT SIGNATURE
APPLICANT NAME (Print}: J�i 0 i' 2 e�n S• ,.� ��. f�'
DATE: �� I � Ci I�jD Z D
The EDA is a governmental entity and as such must provide public aecess to publie data it receives.
Data deemed hy 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.
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Repair water ie2ks to�ay anG y�u wilf save ��orey in the
future! As a reminder, residential winter average limits will
not apply to your November water usage. If you have a
water leak in November, it will reflect on your December
bill. You can enjoy the convenience of ACH automatic
payments, along with a monthly billing discount! To save
money, please complete the simple ACH sign-up form
available at: www.ci.monticello.mn.us/utilitybilling
•-
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1JG'v D'cC JAN FEB MN2 I�PR MaY .&IN JUL AUG SEP OCT
Payment
Coupon
. .- .
PLEASE RETURN TH1S PORT'ION ALONG WITH YOUR PAYMENT
PLEASE MAKE CHECK PAYABLE TO:
CITY OF MONTICELLO
ACCOUNT: -
SERVICEADDRESS: 146 BROADWAY W
SERVICE PERIOD: 9/1/2020 to 9/30/2020
BILLING DATE: 10/5/2020
DUE DATE: 1111@020
THE HAIRDRESSER INC
PO BOX 1134
MONTICELLO, MN 55362
Account
Statement
. .• .
ACCOUNT: -
SERVICEADDRESS: �46 EFOAC�`��'dF+' 1''J
SERVICE PERIOD: 9/1/2020 to 9i3012020
BILLING DATE: 10/5/2020
DUE DATE: 111112020
..
Previous Reading Current Reading
Senai No Date Reading Date Reading Cons
— 9/1/2020 578952 t0lt12020 582692 3740
WAT�R CORIME!2�!,A� 1�.A7
WATER - STATE CONNECTION FEE 0 81
SEWER - COMMERCIAL 25.31
WATER TAX ON 100% 0•88
STORMWATER / NON-RESIDENTIAL 14.00
TOTAL CURRENT CHARGES 52•87
PREVIOUS BALANCE 52.87
PAYMENTS RECEIVED -52.87
ADJUSTMENTS 0.00
ADDITIONAL BILLING 0.00
CURRENT CHARGES 52 87
TOTAL AMOUNT DUE 52.87
TOTAL AMOUNT DUE BY 11/1/2020 52.87
• . �
REMIT PAYMENT TO:
City of Monticello
505 Walnut St., Ste. #1
Monticello, MN 55362
'� �' { 'r," �' F MONTICELL� EDA
,
__ :°��O�t1G� O SMALi, BUSINESS EMERGENCY GRANT
-�`� ��-��a-- APPLICATION
1. CONTACT INFORMATION
Legal N�ne of Business: Lucille Murrav's Studio of Dance (LMSD, LLC)
Project Site Address: 155 West Broadway
City / State / Zip: Monticello / MN/ 55362
Contact Person(s): Lucille Murray
Business Phone: 763-412-2691
Home Phane:
Email:
Checic �ne: C� Proprietc�r � Corporation (LLC) '- � P��ership
Federal ID # State ID # �
Property Owner: Lucille M Murray
2. BUSINESS INFORMATION
Please attaeh additional documents/pages as needed to be eomplete as possible.
a. Years of operation in Monticello ��
b. List belaw the number of part time and full time employees.
For purposes of calculation, the term "employees" may include those staff renting or leasing
facilities within the Monticello business location.
Prior to March 15�'', 2020 FT 1(Lucy not on payroll) � 10
Current FT 1(Lucy noton payroll) pT 11
1
c. Give a brief summary of your business (products, services, growth history,
operations, number of locations, etc.)
Jon and Lucy Murray are lifelong residents of Monticello. They opened Lucille Murray's Studio of
Dance in June of 2000. They have provided dance education in a safe, caring, and uplifting manner
over the past 20 years. They have been an anchor in the community and moved to downtown
Monticello in 2011 bringing both business and energy to the downtown area. Lucille Murray's Studio of
Dance draws clientele from Monticello and the surrounding communities.
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
The recent shutdowns and the Covid-19 pandemic have negatively affected our business both in
number of students enrolled and in revenue generated. Last spring we were forced to close the studio
due to executive orders. We did our best to offer on-linelvirtual options to finish the season, but we
did have a dec�ine in enrollment for the spring and summer.
We added virtual platforms and video software to our program and incorporated and continue to offer
Virtual class options to allow for a safer option for our students/families. We are currently offering
on-{ine classes along side our in-person classes for students who are i11, need to quarantine, or who
may opt for virtual class as their preference.
We also were unable to hold our spring recital in 2020 (which is typically a major source of revenue
for our business}. Over the past several years, we have averaged 250-320 students. However, this
season we currently 159 students registered due to the uncertainy with the Covid Pandemic. Many
of our recreational students' families were hesitant to enroll this season without a guarantee of
in-person classes all season {as well as the opportunity to perform in recitals).
We have made it a priority to keep our staff employed throughout this uncertain time. We have
actualfy added payrolUclasses to our schedule to allow for small class sizes and social distancing.
We have personally taken on the financial burden in an attempt to protect our employees and to
continue to offer a quality dance program for our dance families this year and in the future.
We applied and received a Small Business Loan (PPP) and used these funds to help with payroll
expenses last spring. We are waiting to hear back from the bank on loan forgiveness.
We applied to DEED for a Small Business Grant, but unfortunately did not receive one through
lottery.
We also applied to Wright County Economic Development Partnership for a grant and are still
�Olaiting to receive a reply.
e. Describe of the current plans for resuming operations following the COVID-19
crisis.
Our hope is to continue to run our dance program after the Covid-19 pandemic becomes more
manageable_ In the meantime, we will do our best to adjusUadapt our programming. We will offer in-
person classes in as safe a way as possible if/when we are allowed to do so by the goveming bodies.
We will use virtual optfons if/when needed, and as a supplement to our current programming.
2
GRANT REQUEST
Amount Requested: $ 5 �
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:
X Q) Proof of address
X 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.
X C} Proof of expenses to be paid
X D) Award/denial letters - State and Federal Assistance Programs
6. 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 ciry.
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: � ��� � �O� C�
The EDA is a governmentai entity and as sueh must provide public access to publie data it reeeives.
Data deemed by Applicant to be nonpublic data unc�er State law should be so designated or marked
by Aqplicant. See Minnesota Statutes, Sections 13.591, Subd. 1 and 2.
Thank you for the opportunity ta apply for the EDA Small Business Grant. We appreciate your
consideration. As stated in our application, we have applied for a Wright County grant and are still
waiting to hear from them. If we receive any money from Wright County through their grant program,
we will notify you.
We filled out the application, but were unsure of how much paperwork to attach to verify the items on
the checklist We tried to follow the guidelines, but please let us know if you need any additional
information/paperwork.
Included Items:
1. The application pages 1-3
2. A bill for proof of location (although our mailing address is our home address). page 4
3. A financial statement breakdown (let me know if you need any additional paperworkj page 5
4. Breakdown of proof of expenses to be paid. page 6
• Canceled check - garbage service - page 7
• Credit card statement - Zoom, The Studio Director, Homestead website - page 8
• Well's Fargo statement - Water/Sewer, Fibernet, Rent/Ins/Util/Taxes, Sept credit card
processing fees - page 9
• Credit Card processing fee (Oct statement) - page 10
S. Other grants/loans for which we have applied
• PPP Small Business Loan - page 11
• Deed Minnesota Smalt Business Grant - page 12
• Wright County Development Partnership Grant - page 13
Again, please let us know if we need to forward these on to anyone efse, or if you need anything further
at this time.
Our sincere appreciation,
Lucy and Jon Murray
����,�. CenterPoint,
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Your usage in a glance
CUSTOMER
LUCILLE MURRAY'S STUDIO OF DANCE
SERVICE ADORESS
155 Broadway St W, Monticeqo, MN 55362-9352
76(1 7B�
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2ois
Customer service
612-321-4939 or800-245-2377
Monday - Friday, 7 am - 7 pm
Pr� s Usage this Average dady /
usa month temperature
t year ago Last month This month
Totai Tnerms u,eii "020 75� &5�
Average daily gas use (Themu) 21.A 26.1 22.7
Average daity temperature 18 12 11
DaVs in biping period 29 29 29
To betler understand your home energy usage and kam energy
savings Gps, visd Cente�PointEneigy.com/myenergyanalyzer
How to pay your bill
..
Online
Visit: CenterP�intEnergy.com/paybillPay
immediately, schedule a payment �r set
up automa6c monthly payments.
Page 1
AC� NUMBER
DATE DUE Apr 08, 2014
BILLING DATE AMOUNT DUE S 455.0�
Mar 11, 2019
Catl befure you dig
CaA 811
24 hours a day
Comment
PO Box 114
Minneapolis, MN 55440-114
Pay your next bilt without fifting a finger. To enroll in AutoPay, just sign and date the badc of your bill stub
and retum to us with a check for your payment amount. IPs that easy!
ACCOUNT SUMMARY
Previous gas amount due $ 1,031.2
Payment Feb 18, 2019 Thank you! - 1,031.2'
�..,
Current gas charges (Details on page 2] ,+ 455.0�
Total amount due 's 455.01
\
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Pt�one
Call 612-321�1939 and make a payment
using your checking or savings account,
or by debit or credit card.
Piease keep Uus portan for your fecords
Please retum Ihis poAwn with yaur paynce�l. Pkase do iw[ mrlude letlers a rrotes.
Cen�erPbint.
Energy
LUCILLE MURRAY'S STUDIO OF UANCE
MONTlCELLO, MN 553G2-3046
��I�liililli��ill�luli���nll�ul�r��i�iy�u��ulN�ih�nl�l�
0420117009993
0000a�
In person �
To find a payment localion, visit:
CenterPointEnergy.com/paybill or call
612-321-4939.
Mail �
Retum the paymenl stub below, wilh you
check or money order, using the retum
envelope.
ACCOUNT NUMBER -
EnroN in AutoPay DATE DUE Apr 08, 2019
today. See form on the
back of tfiis stub. AMOUN7 DUE $ 455.00
Wme aaowit number mi chede and make pa}re6� to CenlerPant Enen
�
PIe352 enter 2rtnuM af Your PaYment
�I�Illl����l��llt��l��l�l����l�ll'll"'I'��1�����'Il��'I��I��I'��
CENTERPOINT ENERGY
PO BOX 4671
HOUSTON TX 77210-4671
00720D000912158976000D0045500000000455�D20�
�
FINANCIAL STATEMENTS for Lucille Murrav's Studio of Dance (LMSD. LLC)
2019 Annual Gross Revenue: $368,171.92
Average Monthly gross revenue 2019: $30,681
Projected monthly revenue for the next three months: 58,011/3 =$19,337
*Please Note: our summer months are much lighter on revenue, and our beginning of the season is
bigger due to costume/competition fees and flat private lesson fees being paid in November (on top of
regular monthly tuition.)
�
Proof of Expenses to bepaid
Rent/Insurante/Utilities/Taxes: $5,834 monthly ($457 is taxes) — see bank statement
Fibernet: $62.28 monthly -see bank statement
Water/Sewet: $26.86 monthly—see bankstotement
Garbage: $77.44 for 3 months -see canceled check
Zoom: $91.23 monthly -see credit card statement
Studio Direttor Software: $89.00 (was $109, but price is dropping due to lower number of students) -
see credit card statement
Vimeo: $20/monthly (paid in one lump yearly sum)
Website/Homestead: $23.99 — see credit card statement
Credit Card Processing Fees: vary by purchases and tuition payments (all payments are made on-line, so
we end up paying credit card processing on each payment). $196.54 in September, $1,024.78 in
October.
Cleaning Supplies/OfFice Supplies/Costume/Shoes/other supplies: vary each month
Cleaning: previously paid for this service, but have discontinued and are cleaning on our own to save
money in this area
Projected Payroll per month average October-December: $4500-5,000 monthly
(estimated off of September payroll and employees scheduled hours moving forwardj
Current Credit Card Balance: $11,728.78
Would like to purchase 2-3 Chromebooks for on-line classes if funds allow to continue offering quality
classes on-line when needed. We are running on-line classes along-side all our in-person classes.
Teachers are currently using their own equipment.
�
10/21/2020
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JON MlURRAY
Customer Service 1-866-775-0524
TTY-hearing-impaired services only 1-800-325-2865
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Account Summary
Trans. Post
date date Description Amount
.... ...............�-----...-�------�� �- --- •-- -•-�-� � --....- �-----...................... ........
Payments, Cred3[s and Adjustrnents
09/22 ONLINE PAYMENT, THANK YOU -$817.90
....--• . ................................��-----...._-�-------------- - -- --- - ---- ------ �- - ---......._..-----......._...._..
09/10 04/10 PAYPAL "HOME DEP�T A029357733 GA -$91,23
..-�---�--------� ..........................�--- ..................................-----......_................--- -----..........._.........._
Standard Purchases
09/05 09/05 PAYPAL*BALLETMAKER 40Z9357733 NJ $260.40
_ ..._ ............... . ......................................_..... - -........._._.........__.................. - -� -..........- -.....
09/06 09/06 Amazon.com*MUOEC83T0 Amzn.com/bill WA $15.02
� ..........................................................................................•-••-�---.........._....-•--•--............_...............
09/08 09108 ZOOM.US 8587999666 CA $91.23
. ............................�-----..................-�---................... � -..... ...._._...._................. � . -�- ---------......
04/09 04/09 THE STUDfO DIRECTOR MONUMENT CO $114.00
...................................................... ........ ...... _.......................-�---.....--------�-----•---..........------•---•----...
09/10 04/10 PAYPAL *HOME DEPOT 4029357733 GA $91.23
.................................--...---.....-- �• - --� ---......._..._............_.......__._._ -._......-� --_....----�--��-----�
04/11 09/11 FLEET FARM ECOM 4000 8776337456 MN $128.82
---...._ .........................��-�----...............---��-----�----- .._- - •--� --•- -....................-�- -..... --��----�-
09/11 09/11 PAYPAL *5POTIFYUSAI 4029357733 NY ��an���� 10:73
.................... ............................................................................................... ..
09/13 09/13 Prime Video*M44G!OZL1 888-802-3080 WA $3.21
.............................�- ---••------.... ---��- -• � --......._.............................--�--�-----��---------........--�•-�----.......--
09/15 09/15 EIG"HOMESTEAD.COM 800-9860958 MA $23.99
. ...-----�-- -� ....... . .. . ...... ............................................... .�-�--------�-�--------.......---..............--------.......
09/17 09/17 AMZN Mktp US"M403U01N1 Amzn.com/bill WA $30.59
......-�--�----� �--�--- �-----�-------��----��--�� ............................ . �----�--- -- --�---.....----� �--....... ----�---.......---......._
04/17 04/17 AMZN Mktp US*M44KD23G2 Amzn.com/bill WA $17.95
........................................................................_.._......_----------........................_.._......._........-- - �
09/17 09/17 SAMSCLUB.COM 888-746-7726 AR S u.j�pi ��S $31.12
.......................................................��---..................._.. --...._.....- --�--�-- -�
09/18 09/18 AMZN MKTP US'�M45LQ3C50 AMZN.COM/BILL WA $',.�N i�. $11:80
_... -------�� -----...--� .. .................----................_........- ---- •- .-.-.-••--.................. .
04/19 09/19 LEGALSHIELD *MEMBRSHIP 8006547757 OK $12.95
.........-- • --� �--------------- �-- �--�- �- � - �--� -----....... ----- � --..............---._...............................................................
09/20 09/20 WORLD VISI�N DONATION 800-7775777 WA $30.00
........................._�-� ...... -�- ��----....._..--�-�----_---.......................---.............--�-��----•---��--�--------- ---
09/20 09/20 COMPASSION INTERNATION 8003367676 CO $45.00
-- ----- -- . ............ . ....... --- - --..............._._................---............................................... � -�---....----
09/23 09/23 PAYPAL "BALLETMAKER 4029357733 NJ CShO+� $967.20
- - __ __ -- - - - - -- -� - - -� . ......................................................._.
Fees charged
Totat fees charged ln thls btllinq perlod $0.00
Interest charged
Total interest charged in this bi�Unq period 50.00
2020 totals year-to-date
Total fees charged in 2020 $0.00
..- ......_.._.......__._.......- ..............---•-- ......_......................._..............---...................................---..
Total interest charged in 2020 $0.00
Interest charge calculation Days in billing cycle: 29
Your Annual Percentaqe RatQ (APR) is the annual interest rate on your account.
.......-� ................................................................................ •�-�--�--........................--•---......._... ---�-
Annual percentaqe Balance subJ¢ct
Balance type rate (API7) to interest rate Interest charqe
. ............ .... � --.............................................................................................................................
PURCHASES
..-- � � ................_............................................... - �- �----�- --�-----------------�--------....-�-----�---��----��--
Standard Purch i9.74% (V) 50.00 (D) $0.00
-�- -� - - - ..... - ---••- --�--....._- -.....- -_...._-- - --
ADVANCES
........................................................................ ... .- --��---...--�--�--�-----�-�-�--...............................
Standard Adv 25.24% (V) $0.00 (D) $O.QO
Your Annual Percentage Rate (APR) is the annual interest rate on your account. APRs foliowed
by (V) may vary. Balances foliowed by (D} are determined by the daily balance method
(including current transactions).
Account messages
Congratulations! You have earned 500 Citi �river's Edge Card rebates this
membership year. Your total rebates, good toward the purchase of any
qualified vehicle are shown above. You will resume earning additional Citi
Driver's Edge Card rebates in 01/2021.
ariver's Etige
R'ebat�s
Earned This Period
Purchase
Bonus
Adjustments/Expired
Redeemed
New Rebates
Page 3 0
0.00
+ 0.00
+ 0.00
- 0.00
0.00
Previous Rebates earned
Previous Rebates 1,000.00
Previous Bonus + 0.00
Previous Driver's Edqe
Rebates
Totai Rebates
Available
1,000.00
1,000.00
Bonus Rebates may take one to two billinq
cycles to appear on your statement. Piease
refer to the specific terms and conditions
pertaining to the promotions for further details.
September 30, 2020 ■ Page 2 of 6
`�1,� � I l� �� ��. L, _ ��i-��:�;�-�-�..--�---
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Overdraft Probection
This account is not currenUy covered by Overdraft Protection, if you wouid like more infamation regarding Overdraft Protection and eligibilily requirem
please caH the number listed on your statement or visit your Weqs Fargo branch.
Transaction history
E-tyC)1
s
�
Check Deposits/ N�drawafs/
Date Number U2scription �� Q��
9/1 5!3 Bankcard Sys Net Setlmt 083120 528000015087 Woridpay 20.00
9/1 < Business to Business ACH Debit - IRS Usataxpymt 090120 1,�0,04
27006451436$695 Lmsd LLC
9/Z 5/3 Bankcard Sys Net Sellmt 090120 529(?00015087 Waidpay 107.50
Net Setlmt 529000015087
9!3 5!3 Bankcard Sys fdet Setlmt 090220 5290Q0015087 Wortdpay 118.00
Net Setlmt 529000015087
529000015087 Worldpay
Net Setimt 529000015087
9t8 5/3 Bankcard Sys Net Setlmt 090520 529000015087 Woridpay 2iD.Od
Net Setlmt 529000015087
9/8 5/3 Bankcard Sys Nat Setlmt 090420 529000015087 Wortdpay 318.00
Net Setimt 529000015087
yra � �susmess [o �susmess A�„ uewc - vanuv_intg_t�ymt siung ��, `�ty � �gg.,4
200831 529d00Q15087 Merch Bankcard 1632610 LuciNe Mumay S / � Y(%l.t�,,y � t� *-�. J
5ludio of �,
9/9 5/3 Bankcard Sys Net SeUmt 090820 529000015087 Wortdpay 74.00
Net Setlmt 529000015087
�' 9/9 OMine Transfer to J& L Murray Properties, LLC Ref �tib08T2Mfd4 5,834,0p
. R a-�'.�� � Busirtess Checking September 2020 Rent Taxes Ins Uti�'�es
���% j�j 9/10 513 Bankcard Sys Nat Setlmt 090920 529000015087 Worfdpay 144.00
--------" Net Setlmt 52900Q015087
9111 5/3 Bankcard Sys Net Setlmt 091020 525�0415087 Woridpay 148.00
Net Settmf 5290Q0015087
9/14 5J3 Bankcard Sys Net SeUmt 091220 529000015087 WaWpay 129.00
Net SeUmt 529000015087
9/14 5/3 Bankcard Sys Net Setlmt 091120 529000015087 Woridpay 193.48
Net Setlmt 529000015987
9/t4 5/3 Bankcard Sys tdet Seifmt 091320 529000015087 Woridpay 328.36
Net Setlmt 529000015087
9H 5 5/3 Bankprd Sys Net Settmt 091420 529000Q15087 Woridpay 1,752.16
Net SeNmt 529000015087
9116 5J3 Bankcard Sys Net SeUmt 091520 529000015087 Worldpay 1,696.36
Net Setlmt 523000015087
9/16 < Business to Business ACH Qebit - Intuit Payrd! S Qu+ckbooks 1,424.48
2Q0916 x�aooc3171 Lmsd lLC
9H7 5/3 Bankqrd Sys IVet SeUmt 091620 5290000150$7 Worfdpay 1,147.08
Net Setlmt 52�Q0015087
9i17 Mobde Deposit : Ref Number :607170484230 1,580.24
9I17 Mobile de�sit : Ref Number -�7170dR5t1Rd � nan �d
9/17 Oniine Transfer to Murray L Ref #IbOSV84K2 Checking Transfer 5,�p,00
Draw to Personal Acmunt
9/18 5/3 Bankcard Sys Net Setlmt Q91720 529000015Q87 Worldpay 1.587.80
Net Sefimt 529000015Q8T
9121 5/3 Bankcard Sys Net SeUmt 091920 529000015087 Woridpay 192.36
Net Setlmt 5290000i5087
9/21 5/3 Barikcard Sys Net Setlmt 091820 523000015087 Wwldpay 1,719.16
Net Setlmt 529000015087
9/21 5/3 Bankqrd Sys Net SeUmt 092a20 529000015087 Woridpay 12,581.60
Net Setlmt 529000015067
MERCHANT NBR: -
DBA: LUCILLE MURRAY S STUDIO OF DAN
Number Amouut Description
5 DISCOVER DATA USAGE FEE
5 DISCOVER NETWORK AUT1iORIZATION FEE
4,743.07 MASTERCARD ACQUIRER FEE
4,743.07 MC DIGITAL ENABLEMENT FEE
28 MC FILE TRANSMISSION FEE - 6957
1 MC MONTHLY LOCATION FEE
29 MC NABLJ FEE
1 O�SHFELDASSURE
1 PCI NON-VALIDATION PER tTEM
1 REGULATORY & COMPLIANCE FEE
1 SERVICE AND MAINTENANCE FEE
1 SIGNATURE MERCHANT LOCATION FEE
116 VISA ACQUIItER PROCESSING FEE
92 VISA APF SIG DEBIT
1 S 1 VISA BASE II TRAN FEE
1 VISA FANF OTHER
MERCHANT STATEMENT
PAGE 3 of 4
September 30, 2020
Rate
0.0195
0.0025
0.0362
0.0] 00
0.0022
1.2500
0.0195
24.9500
29.9500
3.5000
199.0000
2.5000
4.0098
0.0155
0.0020
7.0000
Other Fees
Total
0.10
0.01
1.72
0.47
0.06
1.25
0.57
24.95
29.95
3.50
199.00
2.50
1.13
1.43
030
7.00
325.11
TOTAL FEES
Processing Fees 63.98
Interchange and Worldpay Fees ,� '��� 635.69
Other Fees � � 325.11
Discoant Collected ' ��, �•�
`� �� �� ��� 1,024.78
Tota1 Fees � � �� , :l
For specific operarional messaging and/or changes to your processing account and/or card services agreement, which may include
modifications to your rate and fees, please access your merchant portal using the following link:
https://www.vantiv.com/merchant-resources/reporting-all
We're committed to delivering premium service and support to your business. To better align with changes and increased risk in
the payments industry, including specifically the increase of higher-risk payment types such as contactless and card-not-present
transactions, we will be making changes to our pricing and pricing strucriues. Our changes, initially planned for Apri12020 but
delayed due to COVID, will also simplify how you do business with us. T'he pricing changes will go into effect November 2020 and
coincide with the 2021 card brand infrastructure and network fee changes announced earlier this year.
We plan to introduce a new payments package soon, which will become part of our services and will be offered at no additional
cost and is tailored to help you better manage and grow your business.
Your non-qualified transaction fee will be replaced with a Transaction Risk Fee, which will be assessed on non-qualified
transactions as described in your Terms and Conditions, but may also be assessed on other transactions that we determine carry a
higher degee of risk. The Transaction Risk Fee will appear on your monthly statement in the Other Fees section and will not
exceed 4%. If you have questions on this fee please call the contact center at the number located at the top of your statement.
You will now be assessed a Network and Processor Access Fee which is composed of passing through a network access fee and
assessing a processor fee of 0.10% on applicable Visa, Mastercard, American Express, and Discover transaction volume.
American Express does not charge 'interchange." For Amex, this amount is the percentage fee applicable to your Amex card '�
transactions.
10t21/2020
MA1L ADDRESS BOOK
TDS Webmail: Inbox (15188)
Web �I Mail
Search
jlmurray
CALENDAR TASKS PREFERENCES RE: CHECI
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______ __....�_ .
� FW: SBA loan application succeeded
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SBA loan was just apprvved - I will get started on loan documents and try and send shortly. We havE
; Congrat's and more to follow.
]oe Peterson
Senior Vice President
Follow us: <https://intranet.sp.ffc.local/bioptech/bi/rc/ReportsLibrary/facebook.com/First6ankTrust:
facebook.com/FirstBankTrust<https://intranet.sp.ffc.local/bioptech/bi/rc/ReportsLibrary/facebook.con
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10/21/2020 Roundcube Webmail :: Information Regarding Your Application for Small Business Relief Grants
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Informafion Regarding Your Applicafion fo ;
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Dear Appt�cant,
We regret to inform you that your application to the Minnesota Small t` `
Relief grant program through the State of Minnesota has not been sel ,
to move forward in the grant process.
Over 27,000 business submitted applications to the program and only ''';
applications were randomly selected for an award.
Your application has been automatically placed on a waiting list. Shou
funds become available, applications on the waiting list will be randor
to move forward in the grant process.
If selected, you will receive an email notification from the State of Mir
your application will be assigned to an authorized non-profit agency fc
processing.
If your circumstances have changed since you submitted your initial
application and you are no longer eligible for this grant program, or yc
want to be put on a waiting list, please email us at
smallbusinessgrants@state.mn.us with "Decline Waifing list [Business
the subject line.
Additional opportunities for relief grant funding are becoming availab -
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10/21/2020 Roundcube Webmaii :: We have received your response for CARES Pandemic Relief Grant Application For Small Businesses
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From Wright County Economic Develapment Partnershi-
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s Date 2d20-10-0816:52
Priority Normal
City
ZIP
Percentage of
Ownership
well as time between classes to clean/disinfect and �
circulate air. This has required us to add more
classes/payroll to our costs while having a lot fewer
students and much less income. We also have made it a
priority to keep our staff on payroll and have taken the
brunt of the financial misfortune on the business. We
want to continue to offer a quality dance studio to our
community for years to come and hope you are able to
help support us in this venture.
Our 2019 taxes are currently being prepared by our
accountant. We have attached our 2018 federal tax retur
Please let us know if you would like our 2019 taxes once
we get them back.
Lucille M Murray
09/16/1972
Monticello
55362
100
Submit Requested Files Lucille Murray W9 form 2020.jpg
�ucille Murray - Gross Income Reports for Wright County ,;,
Grant Application Sept 2020.pdf
Lucille Murray Business Filing wth Sec of Scate.jpg
Lucille Murray Filing Standings and HistorysjRg
Lucille Murray US Tax Return 2019.pdf
Signature/Title of �;
Applicant: �'�
Date: 10/08/2020
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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 Emergency Executive Orders
in response to the COVID-19 pandemic which closed public and private schools, closed bars,
restaurants, and other places of accommodation and generally required Minnesotans to stay at
home, while acknowledging that the State's response to the COVID-19 pandemic would result,
either directly or indirectly, in the closure of many of Minnesota's businesses.
B. In an effort to mitigate the economic distress caused by the COVID-19 pandemic,
Congress passed 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.
C. Guidance issued by the federal government provides that CARES Act funding is
intended to cover a variety of costs incurred by State and local governments in responding to and
mitigating the effects of the COVID-19 public health crisis, including expenses to enable
compliance with public health measures such as facilitating distance learning and improving
telework capabilities, and expenses associated with economic support, such as grants to businesses.
D. Pursuant to federal and State guidelines established for expenditure of the CARES
Act funding, Grantor has created its Small Business Emergency Assistance Grant Program (the
"Program") and has approved guidelines for the Program (the "Program Guidelines"), which are
incorporated into this Agreement by 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 "City") (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. Subj ect 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
1
Grantor to Grantee for the Grant Activities approved under the Grant Documents in accordance with
Section 2 hereof.
2. Pavment 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:
(i) a signed copy of this Agreement;
(ii) a list of the Grant Activities that will be paid from the Grant; and
(iii) a written statement from the Grantee certifying that none of the Grant
Activities for which the payment is proposed to be made has formed or will
form the basis for any payment made under any other agreement with any
other grantor.
3. Representations 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 federal 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 federal 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 stating how all of the Grant funds have been used and
providing evidence in the form of paid invoices, statements, or similar.
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.
2
(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�nment. 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.
(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
3
To Grantee:
Attn: Executive Director
Attn:
(� 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 A�reement. This Agreement, together with the Grant Documents, is
the entire statement of agreement between the Grantor and Grantee regarding the Grant.
�
IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the
proper officers thereunto duly authorized on the day and year first written above.
GRANTOR:
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 MNI MN190-101
CITY OF
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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 first-come, first-served 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:
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.
2
• 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, and other critical business expenses that can't be paid as a direct result of the
current health emergency. Awarded funds mav not be used for �avment of �ro�ertv or
other taxes or for the businessowner's/mana�er'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. Grant Agreement: 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.monticello.mn.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.
3. Fully completed and signed applications along with required documents may be
submitted online to: Communitv.develo�ment@ci.monticellamn.us
Please note that mailed hard copy applications will take longer to process.
4
4. Upon submission of application, applicants will receive an email confirming receipt of
application.
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
communitv. develo�ment@ci.monticello.mn.us
EDA Agenda: 10/28/20
6. Consideration of a recommendation on the Economic Development chapter of the
Monticello 2040 Comprehensive Plan. (AS)
A. REFERENCE AND BACKGROUND
The EDA is asked to consider a recommendation to the Planning Commission and City
Council as related to the Economic Development chapter of the Monticello 2040
Comprehensive Plan. The Planning Commission will review the complete draft of the
Comprehensive Plan in a public hearing on November 2"d, 2020.
The draft Monticello 2040 Plan uses the Community Vision, adopted by the City in early
2020, as its foundation. The Community Vision included a vision statement, value
statements, and a preferred growth scenario.
The Monticello 2040 Plan uses the vision, values, and growth scenario as the platform to
guide land use, transportation, community facilities, parks and open space, and other plan
elements over the next 20 years. The Plan lays out the physical elements of growth, as
well as the goals, polices and strategies required to accomplish the community
envisioned.
The draft Monticello 2040 Comprehensive Plan is the result of the cumulative efforts of
many stakeholders, who have contributed their thoughts and ideas over the past year.
The EDA has participated actively in the development of the Monticello 2040 Economic
Development chapter. The EDA assigned Commissioner Jon Morphew as its
representative to the Plan's Technical Advisory Committee (TAC). The TAC received
content and material throughout the full plan drafting process. In response, the TAC has
delivered feedback on the development of the various plan chapters to staff and the
project consulting team. EDA Commissioner Tracy Hinz has also appeared in the
community video conveying the purpose and intent of the Comprehensive Plan.
In addition, in July of 2020, the EDA met with the Lakota/WSB consulting team to
provide specific direction for the preparation of the Economic Development chapter. The
EDA met again with the consulting team in September to provide additional feedback on
the draft chapter, which is now available online for public feedback The IEDC was also
able to review the chapter and provide feedback during their September meeting.
The draft chapter reflects the key priorities set by the EDA: tax base development and
diversification, workforce development, business retention and expansion, redevelopment
and reinvestment, and housing choice and availability. Importantly, the Economic
Development chapter's priorities are also reflected in other chapters within the plan and
vice versa.
In addition to the Economic Development chapter itself, a series of economic
development policies and strategies are laid out in the Implementation chapter of the draft
plan. Many of these are familiar to the EDA, as many have been identified in the EDA's
EDA Agenda: 10/28/20
annual work plans. However, the Plan now offers additional policies and strategies to
achieve the EDA's goals noted above.
As the primary entity responsible for economic development for the community,
including both employment and housing components, the EDA is now asked to provide
its recommendation regarding the draft Economic Development chapter.
B. ALTERNATIVE ACTIONS
L Motion to recommend to the Planning Commission and City Council the adoption of
the Economic Development chapter of the Monticello 2040 Comprehensive Plan,
including the Economic Development Goals, Policies, and Strategies of the
Implementation Chapter, subject to those revisions or additions requested by the
EDA.
2. Motion of other.
C. STAFF RECOMMENDATION
Staff recommends Alternative 1 above. Staff believes the Economic Development
chapter of the Comprehensive Plan, with the companion Goals, Policies, and Strategies,
is reflective of the direction of the EDA. This recommendation is subj ect to any revisions
requested by the EDA.
D. SUPPORTING DATA
A Monticello 2040 — Economic Development Chapter, Draft
B. Monticello 2040 — Implementation Chapter, Draft, Excerpt Economic
Development
C. Monticello 2040 Communitv Vision
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EDA Agenda: 10/28/20
7. Consideration of WSB Economic Development Assistance Services Quarterlv Report
#2020-3 (JT)
A. REFERENCE AND BACKGROUND:
This item is presented to the EDA as an update related to the 2020 WSB Economic
Development Services Assistance Contract. As part of the 2020 Contract, WSB is
required to provide quarterly updates of the various Economic Development support
activities to the EDA in a written format. Also, per the contract, WSB is required to
provide quarterly regional and/or national economic trends update from a published
j ournal-periodical. This feature was added into the contract as an attempt to bring more
value to the EDA.
Al. Staff Impact: There is a very modest staff impact in considering the WSB
Quarter 2020-1 Update. The Economic Development Manager devoted less than
an hour reviewing the WSB Quarterly update and in preparing the update staff
report for the EDA meeting.
A2. Budget Impact: The budget impact is tied to the WSB Economic Development
Assistance Services contract for 2020. The total amount of the contract for the
second consecutive year is $9,300. Funds for the 2020 WSB Economic
Development Assistance Services Proposal were budgeted in the Marketing line
item, a component of the overall EDA budget which was approved at the August
2019 meeting.
B. ALTERNATIVE ACTIONS:
1. No Motion; informational only
C. STAFF RECOMMENDATION:
Staff is asking the EDA to review and ask questions, or offer follow up direction or
observation as warranted.
D. SUPPORTING DATA:
A. WSB Quarterly Update #2020-3
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Memorandum
To:
From:
Date:
Re:
Jim Thares, Economic Development Manager
Jim Gromberg, Economic Development Coordinator
October 21, 2020
Quarterly Report
WSB Project No. 013322-00
ws b
Thank you for the opportunity to continue to assist the City of Monticello in their continued efforts
to provide economic vitality for the community and the residents. Below are updates on some of
the projects and insights to the trends currently facing the City.
Project Updates:
Project Gia-Saurus: The City has tentatively identified the site for the potential manufacturing
facility. The site has been named the East Cameron Site and the City has completed a feasibility
study for the cost of the extension of city services to the property. The City is working on the
identification of potential funding sources for the project to reduce the effect on the City's financial
resources. There are currently 3 different groups that have been identified as potential partners
for the development of the facility and leasing it back to the company with a long-term lease. This
arrangement would allow for the company to retain more operating cash flow providing for greater
profitability and success with the project. The arrangement would also result in any agreements
for assistance for the project being between the building developer and the City and not with the
business.
New Industrial Park: The City, with the identification of the site for the Gia-Saurus project, has
identified the area for the industrial park expansion for future projects. The entire area provides
the City with a total of 259 acres for development. This is the gross acreage of the site and does
not take into consideration any wetlands, roadway requirements or the area that will be occupied
by the Gia-Saurus project. Using the high end of the projected absorption rate for Monticello of
10 acres per year the City would have over 20 years of supply.
Comprehensive Plan: The City is currently completing the 2040 Comprehensive Plan that
includes an economic development chapter. The chapter provides the framework for the
development of long-term policies and potential land-uses for the City's economic development
efforts. The chapter also provides the framework for the annual work plans for the EDA. While
there have been a few meetings to discuss the chapter, if you have any questions concerning the
policies and/or the direction of the chapter, there still is the opportunity to make changes.
Economic Trends:
The good news for the state is that the unemployment is down to 6.0% with the addition of about
21,000 jobs. Unfortunately, the reduction in the unemployment rate is due to a reduction in the
participation rate, which has dropped to 60.84% which is the lowest since 1978. Hopefully this
trend does not continue as Minnesota's participation rate has been one of the selling points for
the state's marketing efforts.
Monticello EDA
October 21, 2020
Page 2
Prices in Minnesota, as measured by the Consumer Price Index for All Urban Consumers (CPI-
U), increased 2.1 percent for the two months ending in September 2020. Food prices increased
0.2 percent and the energy index was up 2.5 percent over the two-month period. The all items
less food and energy index rose 2.4 percent from July to September due to higher prices for
recreation and apparel. Over the last 12 months, the CPI-U rose 1.9 percent. The index for all
items less food and energy increased 2.4 percent over the year. Food prices rose 3.5 percent.
Energy prices declined 7.2 percent, largely the result of a decrease in the price of gasoline.
While the economy continues to be fairly strong, there are indications that it is slowing which may
be caused by a number of issues including the upcoming state and national election (regardless
of who is on the ballot) there is a slowing due to the uncertainty of the outcome and potential
changes. This "normal" process is further intensified by the COVID-19 issues and potential
restrictions on economic activity.
A bright spot for the commercial real estate markets in the potential need for additional
distribution facilities as more consumers take advantage of the e-commerce opportunities. This
potential need will further be strengthened by surviving retailers moving away from the traditional
"just in time" process and holding more stock in their stores and distribution facilities.
Communities with strong transportation systems and access to transportation corridors and have
sites that provide for the development of distribution facilities may have an advantage for the
development of the new space.
The legislature recently passed a significant bonding bill ($1.9 billion) which included the funding
for several projects in the area including money for both the Greater Minnesota Public
Infrastructure Program, BDPI, and the TEDI grant programs. These programs may be accessed
for some of the infrastructure costs associated with the Gia-Saurus project.
Please let me know if you have any questions concerning the above projects or require additional
information on the projects. In addition, let me know if you have additional projects that should be
reviewed and included.
EDA Agenda: 10/28/20
8. Economic Development Director's Report (JT)
A. Project Gia-Saurus Update: 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:
1. Legislative — in a standstill phase and monitoring COVID-19 stimulus discussions.
2. Federal and State funding programs — status of tasks awaits further direction related to a
definitive site for the proposal. Funding would be primarily used for infrastructure which
may or may not include a building. A Letter of Intent (LOI) or a PDA (Preliminary
Development Agreement) must be entered into prior to submittal of funding applications
to US-EDA.
Industrial Land Feasibility Study — Completed by WSB. Study has been revised through
add on Memos identifying full ultimate public infrastructure development costs. The
Memo(s) still identify three viable sites with infrastructure costs ranging from $5,000,000
to $19,000,000.
4. Project and Process Review-Communications — Continuance of efforts to understand the
desired development timeframe and deadlines. Also, additional collaborative efforts to
introduce equity partners and/or willing large project lenders or developers capable of
building and owning the building to Xela Corporation. A thorough review of company
due-diligence information in detail is expected at the time of funding applications. A
Draft Letter of Intent (LOI) has also been completed. The LOI contents and form will
ultimately hinge on a final site determination. The Draft LOI will need a review by all
involved parties in the coming weeks prior to formal consideration. Staff will continue to
work on all various tasks for each of these tracks to keep moving the proposal forward.
B. UMC Expansion Project Update: The building permit application materials were recently
submitted to the City. UMC has informed staff that it expects to begin construction work on
November 4, 2020.
C. Project #6580 Update: This project is now on hold indefinitely stemming from changes
made due to and during the COVID-19 pandemic.
D. Potential Tour of Rivertown Residential Suites: Staff will continue to discuss potential
tour dates and notify the EDA when a date can be arranged. If the tour can be arranged in the
next 30 days, social distancing practices and mask requirements would be adhered to as per
health agency recommendations.
E. EDA Workshops: Included for the EDA are draft maps (Exhibits A and B) of City and
EDA-owned properties. Staff would recommend the EDA set dates in November for a
workshop to discuss the properties, along with related discussions for Block 52 and Project
Gia-Saurus.
F. LMC Expenditures: Staff completed research regarding the LMC invoices (totaling $1,652)
that were included in the September 9, 2020 EDA meeting packet. These charges are for
property and casualty insurance premiums which are pro-rata distributed across all City
EDA Agenda: 10/28/20
Departments based on equipment and property. This is a fairly typical method of distributing
costs in municipal organizations.
G. Prospect List Update: Please see the updated Prospect List as Exhibit C.
2
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