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EDA Agenda 11-10-2021AGENDA REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, November 10th, 2021— 6:00 p.m. Mississippi Room, Monticello Community Center Commissioners: President Steve Johnson, Treasurer Jon Morphew, Tracy Hinz, 011ie Koropchak-White, Hali Sittig and Councilmembers Lloyd Hilgart and Jim Davidson Staff: Executive Director Jim Thares, Angela Schumann, Sarah Rathlisberger 1. Call to Order 2. Roll Call 3. Consideration of additional agenda items 4. Consent Agenda a. Consideration of Approving Regular Meeting Minutes — October 13, 2021 b. Consideration of Payment of Bills c. Consideration of Authorizing a Donation to the Initiative Foundation for use in Community Economic Development Programs in the amount of $2,390 from the 2022 EDA General Fund Budget d. Consideration of approving Billboard Lease agreements with Lamar Companies and Reagan Outdoor Advertising Regular Agenda 5. Consideration of Resolution #2021-13 Authorizing entering into a Purchase Agreement with KC & the Boys, LLC for acquisition of property located at 113 West Broadway in the amount of $528,000 6. Consideration of Shared Parking and Cross -Access Proposal in Block 34, Mike Mitchell, Nicollet Investments, 154 East Broadway 7. Economic Development Manager's Report 8. Adjourn AGENDA REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, October 13th, 2021— 6:00 p.m. Mississippi Room, Monticello Community Center Members Present: President Steve Johnson, Treasurer Jon Morphew, Tracy Hinz, 011ie Koropchak-White and Hali Sittig Members Absent: Councilmembers Lloyd Hilgart and Jim Davidson Staff Present: Jim Thares, Hayden Stensgard 1. Call to Order EDA President Steve Johnson called the Regular Meeting of the Monticello EDA to order at 6:03. 2. Roll Call 3. Consideration of additional agenda items None 4. Consideration of electine or armointine EDA Vice President OLLIE KOROPCHAK-WHITE MOVED TO APPOINT JON MORPHEW AS THE NEW VICE PRESIDENT OF THE EDA. OLLIE KOROPCHAK-WHITE MOVED TO APPOINT TRACY HINZ AS THE NEW TREASURER OF THE MONTICELLO EDA. MOTION CARRIED UNANIMOUSLY, 5-0. 5. Consent Agenda a. Consideration of Approving Regular Meeting Minutes — September 8, 2021 Recommendation: Approve regular meeting minutes — September 8, 2021. b. Consideration of Approving Payment of Bills Recommendation: Approve payment of bills through September. TRACY HINZ MOVED TO APPROVE THE CONSENT AGENDA. JON MORPHEW SECONDED THE MOTION, MOTION CARRIED UNANIMOUSLY 5-0. Regular Agenda 6. Consideration of Authorizing platting of EDA owned parcels in Otter Creek Business Park (OCBP) by WSB & Associates Executive Director Jim Thares provided an overview of the consideration to the EDA members and the public. Otter Creek Business Park is owned by the EDA and the City and was established around 2004-5. As part of the CET Grant, some of the money received from the grant will be used for platting this area and certifying lots to be shovel ready. The City Council already review and approved the platting of the area. The City Council is the recipient of the $500,000 CET Grant Funding. Plat Area 1 is the EDA owned property in the Business Park. Karlsburger is planning to expand to the west of their current property Karlsburger is looking to purchase the lot west of their current property to complete the expansion proposal. WSB has completed most of the platting previously in OCBP and so it makes sense to work with them again on this task. Plat Area 2 includes a potential expansion by Suburban Manufacturing next year. The proposal would construct a new addition on the south and west sides of the current building. Suburban is asking the EDA to consider selling approximately 35 feet in depth of the lot located just south of Suburban to them. This will allow appropriate changes in the parking lot to occur with along with the building expansion. This would be a summer 2022 project Plat Area 3 is not related to imminent development proposals and instead would help the EDA achieve Shovel Ready Certification status for three nice sized lots in OCBP. The platting steps can begin on these three new lots right away since the Shovel Ready Certification steps and document prep work is also ready to begin. The Shovel Ready work tasks also relies on CET Grant funding as outlined in the original grant application submittal. The EDA does not have to pay anything towards this work activity. The City Council has already reviewed and approved the Shovel Ready RFP and selected the best quote provider, WSB, to complete the work. Since one of the lots is still held in title by the EDA, staff is asking for EDA's consent to this work effort. The entire Shovel Ready process involves 12 distinct documentation steps for each site. The will continue until early spring 2022. President Steve Johnson asked if Plat Area 1 and Plat Area 2 are subject to change depending on staff's discussion with the businesses. Jim Thares confirmed, and that it was dependent on final site plans. Jon Morphew asked if the parcels in the area are owned by the city because of tax purposes. Jim Thares said that was correct. Jon Morphew asked why there is one parcel that is still is owned by the EDA. Jim Thares said this parcel was added to the Otter Creek Business Park as a later acquisition. JON MORPHEW MOVED TO AUTHORIZE PLATTING SERVICES BY WSB AND ASSOCIATES OF EDA OWNED PARCELS IN THE OTTER CREEK BUSINESS PARKAS NEEDED TO ACCOMMODATE THE DEVELOPMENT PROPOSALS. OLLIE KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 5-0. 7. Consideration of Update and consent of recently approved proposal for Engineering Services for Wetland Delineation, Mass Grading and Stormwater Improvements in Otter Creek Business Park (OCBP) Jim Thares provided an overview of the consideration to the members of the EDA and the public. Thares reminded the EDA that there is no EDA funding needed for either of these items, the CET Grant will cover both. This item does not need a motion. Councilmember Jim Davidson arrived at 6:22 p.m. Jim Thares continued saying that the goal of the CET Grant is to prepare the City for the eventual phasing out of Xcel Energy, which is many years down the road. The state provided the funding to take these steps as an early initiative. This will help get the City and EDA owned land to a higher level of development preparedness. Thares noted that there are wetlands that do need to re -delineated in regard to the Karlsburger and Suburban Manufacturing sites. The capacity for the stormwater ponds in the area will need to be expanded as well. Thares mentioned that it would also be beneficial to prepare for an extension of Dalton Way to the southeast toward 90tn Street. This will help to provide quality access to a couple of the new lots which are to be platted. So, all of the noted tasks were included in the OCBP engineering task items RFP and WSB responded with an acceptable quote for this work as well. They are already completing some of these tasks. 8. Economic Development Manager's Report Jim Thares began with an update on Block 52. Staff has been in contact with the developers, and they are optimistic about the project. Jim Davidson asked about the lot that has been at the center of negotiations for quite some time. Jim Thares responded saying that he received a document from the other party and that has been forwarded to the EDA attorney for additional revisions. Thares said the process has indeed been slow though it seems to be carefully moving forward. The goal would be to bring to the EDA for consideration at the November meeting. Jim Thares indicated that he wanted to elaborate more about the Shovel -Ready Site Certification program, the Shovel Ready Site RFP solicitation and the submitted proposals. The CET Grant included steps for shovel -ready certification. The CET grant contained a budget line for Shovel Ready surveying and related tasks in the amount of $50,000. There is potential for leftover funds to be utilized by private landowners as well if they are interested or so motivated. The City Council approved the selection of the best quote provider (out of four) at the October 11, 2021, meeting. There are 12 distinct documentation steps and a site review by a MN -DEED committee and consultant. It is expected that all work will continue into early spring with submittal to MN DEED following that. The CET grant dollars must be spent by June 1, 2022. Thares mentioned the Manufacturer's Recognition Breakfast taking place at 7:00 a.m. on Thursday, October 14. He noted that attendance may be on the lighter side as, businesses are extremely busy this year (based on some responses received from the invitation). Bob Kill of Enterprise Minnesota is the keynote speaker and Brian Koslofsky of Wright County Tech will be speaking as well. EDA members are encouraged to attend. Thares provided a summary review of the prospect list and active projects. Thares noted Karlsburger Foods is not quite ready to proceed with their proposed 20,000 +/- square foot expansion. Staff continues to monitor and stay in touch with Karlsburger staff. He also mentioned "Project Integrity" as a new prospect for Monticello. They currently have a facility and are outgrowing it and desire to be on 1-94 northwest of the core metro Twin Cities area. 9. Adjourn TRACY HINZ MOVED TO ADJOURN THE REGULAR MEETING OF THE MONTICELLO EDA. HALI SITTIG SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 5-0, MEETING ADJOURNED AT 6:39. Recorder: Hayden Stensgard Approved: Attest: Jim Thares, Economic Development Director EDA Agenda: 11/10/21 4b. Consideration of ApprovinIZ Payment 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: 1. Motion to approve payment of bills through October 2021. 2. Motion to approve payment of bills through October 2021 with changes as directed by the EDA. C. STAFF RECOMMENDATION: Staff recommends approval of Alternative #1. D. SUPPORTING DATA: A. Accounts Payable Summary Statements Accounts Payable Transactions by Account User: Debbie.Davidson Printed: 10/06/2021 - 10:33AM Batch: 00202.10.2021 Account Number Vendor Description CITY3tjMonticello GL Date Check No Amount PO No 213-46301-432200 QUADIENT FINANCE USA INC Postage EDA (Tapper) 10/12/2021 124617 3.01 Vendor Subtotal for Dept:46301 3.01 213-46301-433100 JAMES THARES Mileage Reimbursement - Sept 2021 (, 10/12/2021 0 181.44 Vendor Subtotal for Dept:46301 181.44 Subtotal for Fund: 213 184.45 Report Total: 184.45 AP -Transactions by Account (10/06/2021 - 10:33 AM) Page I Accounts Payable Transactions by Account CITY F �User: Julie.Cheney effo Printed: 10/20/2021 - 2:45PM Batch: 00203.10.2021 Account Number Vendor Description GL Date Check No Amount PO No 213-46301-431990 WSB & ASSOCIATES INC 2021 Economic Development Service: 10/26/2021 0 152.00 Vendor Subtotal for Dept:46301 152.00 213-46301-431993 WSB & ASSOCIATES INC 2021 Economic Development Service: 10/26/2021 0 850.00 213-46301-431993 WSB & ASSOCIATES INC Downtown Redevelopment Project - ? 10/26/2021 0 112.00 Vendor Subtotal for Dept:46301 962.00 213-46301-443990 WRIGHT CO RECORDER Satisfaction of Mortgage A# 1485071 10/26/2021 124696 46.00 Vendor Subtotal for Dept:46301 46.00 213-46301-443990 DEMVI LLC Parking Lot Maintenance - Oct 2021 10/26/2021 124655 198.02 Vendor Subtotal for Dept:46301 198.02 Subtotal for Fund: 213 1,358.02 Report Total: 1,358.02 AP -Transactions by Account (10/20/2021 - 2:45 PM) Page 1 Accounts Payable Transactions b Account CITY F User: Debbie.Davidsonti effo Printed: 10/19/2021 - 4:3:37PM Batch: 00201.10.2021 Account Number Vendor Description GL Date Check No Amount PO No 213-46301-433100 US BANK CORPORATE PMT SYS Canal Park Lodge - 2021 EDAM Con] 10/15/2021 0 306.52 Vendor Subtotal for Dept:46301 306.52 213-46301-438200 CITY OF MONTICELLO 7256-004 - 130 Brdwy- Stormwtr 10/15/2021 0 19.25 213-46301-438200 CITY OF MONTICELLO 7256-007 - 103 Pine St- EDA 10/15/2021 0 37.97 213-46301-438200 CITY OF MONTICELLO 7256-008 - 112 River St. W EDA 10/15/2021 0 37.97 Vendor Subtotal for Dept:46301 95.19 213-46301-443990 US BANK CORPORATE PMT SYS Monti Printing - Invites - Manufacture 10/15/2021 0 166.34 Vendor Subtotal for Dept:46301 166.34 Subtotal for Fund: 213 568.05 Report Total: 568.05 AP -Transactions by Account (10/19/2021 - 4:37 PM) Page 1 Accounts Payable Transactions by Account 1 T Y F 4 User: Debbie.Davidson� Printed: 11/01/2021 - 9:43AM Batch: 00215.10.2021 Account Number Vendor Description GL Date Check No Amount PO No 213-46301-438100 XCEL ENERGY 51-13295413-8 - 103 Pine St 10/31/2021 0 48.73 Vendor Subtotal for Dept:46301 48.73 Subtotal for Fund: 213 48.73 Report Total: 48.73 The preceding list of bills payable totaling $2,159.25 was reviewed and approved for payment. Date: 11 /10/2021 Approved by Tracy Hinz - Treasurer AP -Transactions by Account (11/01/2021 - 9:43 AM) Page 1 Accounts Payable Transactions by Account User: Debbie.Davidson Printed: 10/06/2021 - 10:33AM Batch: 00202.10.2021 Account Number Vendor Description CITY3tjMonticello GL Date Check No Amount PO No 213-46301-432200 QUADIENT FINANCE USA INC Postage EDA (Tapper) 10/12/2021 124617 3.01 Vendor Subtotal for Dept:46301 3.01 213-46301-433100 JAMES THARES Mileage Reimbursement - Sept 2021 (, 10/12/2021 0 181.44 Vendor Subtotal for Dept:46301 181.44 Subtotal for Fund: 213 184.45 Report Total: 184.45 AP -Transactions by Account (10/06/2021 - 10:33 AM) Page I 1 quadient ----� L� �� Postage Funding i, �� ` f31 �i W s Account informatior(� * CITY OF MONTICELLO CATHY KASPER Account Number #Ik## #### ##tdk Closinq Date 10/03/21 Available Credit $7,369.84 Customer Service (800) 636-7678 Payment Information � Total Minimum Payment Due $80.00 Payment Due Date 11/01/21 Page 1 of 2 17 INVOICE Account Summary vious.Balance $ 0,00 Purchases + 1,130.16 I s 0.00 Payments - 0.00 Other Debits + 0.00 Finance Charges + 0,00 NEW BALANCE $ 1,130.16 Mail Payment To: Quadient Finance USA, Inc. PO BOX 6813 CAROL STREAM IL 60197-6813 TO PAY YOUR INVOICE ONLINE, SIGN INTO YOUR ACCOUNT AT WWW.MYQUADIENT. COM. CLICK ON THE PAYNIEW BILLS TILE AND SELECT QUADIENT POSTAGE FUNDING. TO PAY YOUR INVOICE BY MAIL, REMIT PAYMENT TO QUADIENT FINANCE USA, INC. AT THE ADDRESS LISTED ABOVE. PLEASE BE SURE TO INCLUDE ACCOUNT NUMBER AND PAYMENT STUB WITH YOUR REMITTANCE. Account Activity Since Your Last Statement ; Trans Date I Post Date 1 Plan Name Reference Number Description Amount 09/15 09/15 PPLN01 0001677099 NEOSHIP SHIPMENT S 18.37 09116 09/16 PPLN01 0001678237 NEOSHIP SHIPMENT 16.40 09117 09/17 PPLN01 0001679321 NEOSHIPSHIPMENT 8.20 09/20 09120 PPLN01 0001680662 NEOSHIP SHIPMENT 22,91 09/23 0923 PPLN01 0001683794 NEOSHIP SHIPMENT 16.30 0923 09123 PPLN01 MONTICELL00000011458983 POSTAGE 1,000.00 0924 0924 PPLN01 0001684910 NEOSHIP SHIPMENT 8.20 0929 090 PPLN01 0001688404 NEOSHIP SHIPMENT 23.58 09/30 09/30 PPLN01 0001689554 NEOSHIP SHIPMENT 16.20 YOUR ACCOUNT LIMIT IS $4,000. FOR YOUR CONVENIENCE, WE HAVE PROVIDED YOU UP TO $8,600 TOTAL LIMIT. MONTHLY POSTAGE ACTIVITY THAT EXCEEDS YOUR ACCOUNT LIMIT IS SUBJECT TO A 1% FLEX LIMIT FEE. Plan Level Information _ Plan Plan FCM Previous Average Periodic Corresponding Finance Fees/Finance Effective Name Description * Balance Daily Balance Rate *' APR Ending Balance Charges Charge APR Purchases PPLN01001 POSTAGE G $0.00 $0.00 0.00000% D 00000% $000 $000 0.00000k $1.130,16 Days In Billing Cycle: 30 APR = Annual Percentage Rate 'See last page for explanation of Finance Charge Method (FCM) " Periodic Rate (M)=Monthly (D)=Daily = Variable Rate If you have a variable rate account the periodic rate and Annual Percentage Rate APR may vary, quadient Postage Funding Closing Date New Balance Total Minimum :'payment Due Date Payment Due 10/03/21 $1,130,16 $80.00 1 1 /01121 4 #### #### #### 5196 AMOUNT OF PAYMENT ENCLOSED I MAKE CHECK PAYABLE TO: Quadienl finance USA, Inc. S PO BOX 6813 CAROL STREAM IL 60197-6813 CITY OF MONTICELLO CATHYKASPER 505 WALNUT ST STE 1 MONTICELLO MN 55362-8831 13 79n❑ 044❑ 6327 5196 ❑nnn8nn❑ ❑n113n16 9 j k _ A 2%� 7 E LU § § \6 §)\ ) )of �\!§ '\ U) �k Cl)7A /) ' Cr E §R » §E §�§! §\ E A@ §m E§M M » ( \ » § / U) \ \ E E k E I co (D } ) ) �) § °) § °/ § °) § �k \> U \> � \> k /> ) !;§/® !2§§00 !;0 w !;§/m ()§ -�;,_ >,- - ;,� _ >!_ 2§§i$ ƒk§7[ kk\ /�§/( /0§}( \ \ j \ \ r. p p E a �f rf (L § ( § ) § \ m�/� W<" w § �k U)3 �\ S3 �\ &§ k)/�{) '\ \A wm §E ®m \E /m eE ƒ¥»§ §2§! §E AE & ( b j j } wa. } ) �I-L \ IL § \ \ ) ( ) \ \ \ } } � to LO } } ) $ \ oq L L) 2 oe Q t s he Q 0_ 2 / /_ / S Rm5 § <§/= z \!- (j §m 0I !CK §l ! �-§»()/k X 7 $ ( m!=lm§ § § 7# 7@ @ � ; 2J� ;5<\I _@ 7 0 r( E § /2/K «(E[ §©($7 m §, \ \ \ \ j \ ° § 8 § cy LU \A \o k3 Mo ' LLI ) ) ) ) !m E EM a b 3 3 ) b § E E E m m E 2 ) \ j } ` cocq 00 LO ) G ) Q } % ) � o� oe oe o� Q o� L o� Q 00 < �o < �o < c2 < �d < �o < \\�§ /§ § \\ § \( § \§ w /§ k »ry«I2 !�§§£ !�§§2 !�§!® !�§\® J;§§2 7$§&§ 7@!\- «@L/- ?/»2- `%�Sf , wu _>>M- , lr�w rm,7m r0$;L rE+4C rm*7( PU) rK(WO ;G < \ \ < < < d c 0 z O a IL IL N O <O M O N N_ O O a0 N N m O N V aW o V H La W 0 P (n ui OfXUZLU 00 K W .T H — OUV(n z a 0 OD N N O M O V — Ln s a 2021 EMPLOYEE REIMBURSEMENT VOUCHER CITY OF MONTICELLO (Effective 111121) NAME J DATE OF REQUEST 1 o 2 k Address to Mail (if necessary) PURPOSE/DATE T Y'aV-Q-A LOCATION V ar t 3 t-L (see back for multiple requests) (see back for multiple requests) EXPENSES: (Please reference Travel and Reimbursement Policy) Mileage ($.56 per mile) $ cp (Total miles--'-',? - Reimbursable defined on back. A city vehicle was not available. 9 Traveling direction warranted personal vehicle use. Traveling conditions warranted personal vehicle use. 71 Other Parking Fee Meals Lodging � � a $ — o (include dated, itemized receipts) (include dated, itemized hotel bill) SUBTOTAL WY� Account Number?-1 3 �{�3c71 .433100 Other Account Description SIGN: WOW. TOTAL TO PAY . 99 011RA_0�] invoices, receipts, seminar $ 171 4 G.4 etc. . • Policy: Reimbursable mileage will be the lesser of actual miles driven from normal work location to training/meeting/conference location or the actual miles traveled from departure location to destination less the mileage of commute to normal work location. Instructions: If you are leaving and returning to work, skip boxes 2, 3 and 4. Otherwise, subtract 4 from the lower of 1, 2 or 3 for miles claimed. Date Where/Purpose Round trip miles: Miles claimed Work to destination to work (1) Home to destination to home (2) Home to [destination to work]* to home (3) From home to work (4) g. w ce-D P 52..C. G Lia y-aQ tA- kAltN) /Vl lfl * Or [work to destination] � I 6 10/4/21, 1:22 PM 505 Walnut Street, Monticello, MN to Wright Technical Center - Google Maps Go gle Maps 505 Walnut Street, Monticello, MN to Wright Technic I Drive 9.0 miles, 14 min Center /fi T -, C � a•age.e s CII (� Een•e^ a n,u 3�ms .vi s spre OR "j5e" � ,- � L� s )(f WrfI1M1i T, hn al�Cmterp� ( O 0 d Go gle Fa. 505 Walnut St Monticello, MN 55362 t 1. Head south toward W 6th St 41 2. Turn left onto W 6th St r► 3. Turn right onto MN-25 S/Pine St 0 Continue to follow MN-25 S 8 Pass by Arby's (on the right in 1 0 mi) h 4. Turn left onto Anderson Ave r► 5. Turn right at 3rd Ave NE 6 Destination will be on the left Wright Technical Center 1405 3rd Ave NE, Buffalo, MN 55313 These directions are for planning purposes only. You may find that construction projects, traffic, weather, or other events may cause conditions to differ from the map results, and you should plan 131 ft 0.1 mi 8.3 mi 0.4 mi 0.2 mi t a ��s Map data ©2021 1 mi r -.a...,...:..+1rd+Avenue+Northeast.+Buffalo.+MN/ld45.247282... 1/2 10/4/21, 1:19 PM 505 Walnut Street, Monticello, MN to Canal Park Lodge, Duluth, MN - Google Maps 505 Walnut Street, Monticello, MN to Canal Park Lodge, Duluth, MN rive 153 miles, 2 hr 35 min _ U O E .ra VV I 'tJ aj, $os walmrt str«I >0mn Inn eapo'Is i C m 11 0 R RSM3B min'(© Go glen .. `� • � ��``.._ _ � >� ors i Map data ©2021 Google 20 mi , 505 Walnut St Monticello, MN 55362 Take W 6th St to MN-25 N/Pine St t 1. Head south toward W 6th St 41 2. Turn left onto W 6th St h 3. Turn left onto MN-25 N/Pine St 6 Continue to follow MN-25 N 1 min (0.1 mi) 131 ft 01 mi 2 min (07 mi) Follow 165th Ave SE to MN-23 E/MN-23 Trunk N in Oak Park 31 min (27.4 mi) 4,1 4. Use the left 2 lanes to turn left onto Park Blvd SE 20 mi t 5. Continue onto 165th Ave SE 25.3 mi Follow MN-23 E and 1-35 N to W Railroad St in Duluth. Take exit 256B from 1-35 N 1 hr 59 min (124mi) 10/4121, 1:19 PM 505 Walnut Street, Monticello, MN to Canal Park Lodge, Duluth, MN - Google Maps r► 6. Turn right onto MN-23 E/MN-23 Trunk N e Continue to follow MN-23 E 14.6 mi t 7. Continue straight to stay on MN-23 E e Pass by Casey's (on the right in 6.6 mi) 13.7 mi 8. Turn left onto MN-23/MN-65 1.6 mi it 9. Turn right onto MN-23 E/Forest Ave E e Continue to fallow MN-23 E 17.6 mi t 10. Continue straight to stay on MN-23 E 0.1 mi 11. Turn left to merge onto 1-35 N/MN-23 E 6 Continue to follow 1-35 N 76.1 mi 12. Take exit 256B toward Lake Ave 1+ 13. Keep right, follow signs for Harbor Dr 0.5 mi 138 ft Continue on W Railroad St to your destination 2 min (0.3 mi) '1 14. Turn left onto W Railroad St 0.2 mi t 15. Continue straight onto Canal Park Dr 161 It t 16. Continue straight e Destination will be on the right 220 ft Canal Park Lodge 250 Canal Park Dr, Duluth, MN 55802 These directions are for planning purposes only. You may find that construction projects, traffic, weather, or other events may cause conditions to differ from the map results, and you should plan your route accordingly. You must obey all signs or notices regarding your route. EDAM 2021 Fall Conference Event Schedule Wed, Sep 29, 2021 4:00pm Welcome Reception Hosted by the Emerging Professionals & Member Services Committees 0 4:00pm - 5:00pm, Sep 29 Start your conference experience with a casual reception that will give you a chance to reunite with old friends and colleagues or make new connections. The Emerging Professionals and Member Services Committees will be ready to welcome youl Appetizers and beverages will be served. The Emerging Professionals Committee is comprised of economic development professionals with a variety of backgrounds, levels of education, and job history, with f 0 years or less experience in the economic development field. Knowing the importance of networking and the challenges and unanswered questions those new to the industry have when entering the workforce, this group acts as an agent to provide advice, job seeking resources and additional education opportunities and trainings. team more 5:00pm Post -Pandemic Trends in Real Estate & Construction 0 S:OOpm - 6:00pm, Sep 29 OMMKINIM 1.0 AICP credit This session will bring together professionals from construction, development, and architecture for a conversation about how each industry has been affected by the pandemic and related factors. The discussion will include the positives and negatives, how each has had to change to stay operational and competitive, and what they see on the horizon going forward. t2 Moderator f i i Megan Barnett-Livgard Director of Business Development, Kraus -Anderson �1 Speakers Jason Aarsvold Senior Municipal Advisors, Ehlers Katherine Gerzina Senior Project Architect, DSGW Architects Peter jesh Principal Manager, Silver Creek Equity LLC 9 Jamison Kohout Principal Manager, Silver Creek Equity LLC Becky Landon Founder, Landon Group Chad Ronchettl Director, Project Planning and Development, Kraus -Anderson Steve Schwanke Partner, Inland Development Partners Thu, Sep 30, 2021 7:OOam 5K Fun Run 0 7:00am - 7:45am, Sep 30 0 Canal Park join other attendees for a fun 5K run in Canal Park! All abilities are welcome. Breakfast on your own 0 7:OOam - 8:15am, Sep 30 7:30am Registration 0 7:30am - 4:OOpm, Sep 30 Q Harborside Lobby 8:15am President's Welcome 0 8:15am - 8:30am, Sep 30 A speaker Morgan Hill Market Strategist. ISG, Inc. 8:30am 2020 Census: What We've Learned and Where We're Headed O 8:30am - 9:30am, Sep 30 1.0 AICP credit Economic development professionals work hand In hand with their local community members to affect positive change. What happens as those hands begin to change? join Megan Dayton, Senior Demographer for the State of Minnesota to hear about what we have learned from the 2020 census to ensure you have a good understanding of demographic trends within your community, region, and state so you are ready to continue to champion positive change. A Speaker Megan Dayton Senior Demographer, Minnesota State Demographic Center Solace Apartments: A Partnership Success Story to Create Permanent Affordable and Supportive Housing O 8:30am - 9:30am, Sep 30 1.0 AICP credit This session will provide an overview of the Solace Apartments in St. Peter, MN, which opened in October 2018. This 30-unit affordable housing development provides 100% permanent supportive housing with onsite services targeted towards households exiting the criminaljustice or chemical dependency treatment systems while aiming to reduce recidivism and reunifying families. The project was born out of a series of cross sector relationships (public, private, and non-profit) that stepped outside of "business as usual' approaches to drive the project completion and success story. V Speakers Chad Adams CEO, Southwest Minnesota Housing Partnership 0 Jennifer Lamb supportive Housing Specialist, Southwest Minnesota Housing Partnership 9:30am Break with Exhibitors O 9:30am - 9:45am, Sep 30 9 Harborside Lobby 9:45am Arbor Lakes Corporate Center: Redevelopment & Re -Use of a Contaminated Site O 9:45am - 10:45am, Sep 30 1.0 AMP credit The City of Maple Grove contact Inland Development Partners (IDP) in 2016 asking for help to redevelop the former Osseo dump site owned by the City. Today the building is leased to Abelconn Electronics and Lowe's, providing a wide range of employment opportunities while making a significant contribution to the City's tax base. This session will examine the site contamination issues, grant process and development costs. A Speakers Brett Angell Economic Development Manager, City of Maple Grove Tom Shaver Partner, Inland Development Partners Building a Community Brand - Way Cooler Than You Think! 0 9:45am - 10:45am, Sep 30 1.0 AICP credit "It's cold here and there's nothing to do. Who's going to move here?" Sometimes the biggest obstacles to economic development are your own residents. So when a collaborative group of EDC, city, county, CVB, and business stakeholders got together to address workforce development issues, it was important to build a strong brand and campaign that not only attracted talent but changed the hearts and minds of local residents. This presentation will explore getting the right stakeholders together, building a cohesive brand that is embraced by everyone, and the unique marketing strategies to keep it alive, using analytics and examples from the successful Grand Forks: Way Cooler than You Think campaign. v* Speakers io Andrea Boe Business Development Director/Communications Practice Leader, AE2S Communications 49 Taylor Corbett Digital Marketing Strategist, AE25 Communications ll[t][ .=- T Break with Exhibitors 0 10:45am - 11:00am, Sep 30 p Harborside Lobby * ...u"R jy;�- . ,.. s. ,.. s. 11:00a m KEYNOTE * Fueling the Path to Equitable and Inclusive Development and Shared Prosperity 0 11:00am - 12:OOpm, Sep 30 1.0 AICP credit According to the American Community Survey and Brookings Institution, 98% of growth in the nation's 100 largest cities is from communities of color, yet segregation continues across the country and inclusive economic growth remains elusive. Economic developers are uniquely positioned to change this trajectory and drive racially equitable and inclusive development and redevelopment projects in their communities. Data -driven and community -informed strategies, policies, practices, and programs are key levers to activate while balancing the economic needs of the city and region. Tawanna A. Black, Founder and CEO of the Center for Economic Inclusion, will share examples of model municipal and county economic development projects her organization is partnering on that center equity and Inclusive growth, and provide a checklist of actions to inspire economic developers as they take the next steps in this journey. A Speaker is Tawanna Black Founder & Chief Executive Officer, Center for Economic Inclusion 12:00pm Lunch & Break with Exhibitors 0 12:00pm - 1:OOpm, Sep 30 1:00pm Mobile Tour Group 1: Essentia Vision Northland Project 0 1:00pm - 1:45pm, Sep 30 9 Downtown Duluth (attendees are responsible for their own transportation) Because this is an active construction site, space in each mobile tour group Is extremely limited for each time slot. If the tour Is full and you would like to be added to the waiting list, please email info@edam.org. Essentia Health is making the largest private investment in Duluth's history as it transforms its downtown medical campus with the $900 million Vision Northland project. join us for a walking tour of the project, which is currently under construction. Learn more about Vision Northland Safety Requirements: Closed toed shoes (athlectic shoes or boots), pants (no dresses/skirts or shorts), and masks. The project site is within walking distance of the DECC (approximately 25 minutes walking time) and directions will be provided to tour attendees. Please plan accordingly to arrive on time. A Speakers Q. Phil Johnson Project Manager, McGough Construction Dan Cebelinski Director of Facilities, Essentia Health Community Transformation: Leveraging Vacant Real Estate for Housing and Revitalization Opportunities o 00pm - 2:00pm, Sep 30 AICP Credit Plenary Session 1.0 AICP credit The pandemics impact on real estate will be felt for years to come as employees buy bigger houses to work from home, and businesses downsize to save money. Affordable housing and newly acquired habits from shopping, attending events, dining out, new hobbies, workouts, more time with shorter commutes, car usage and several other factors will drive change. Many communities are dealing with the challenge of vacant or declining commercial and retail real estate values along with declining sales and property tax revenues. Affordable housing continues to be a challenge and a housing supply shortage has been making it more difficult for individuals to own and rent living space. Fortunately, when challenges are addressed strategically, they can bring new opportunities for growth in the community. In this session, Baker Tiliys economic development and real estate specialists will discuss the steps and strategies developers and governments can take to revitalize the community and provide housing for the growing population, including conducting market studies and mobilizing financial tools. A Speakers all Diana Dyste Manager, Baker Tilly 0 Terri Heaton Principal, Baker Tilly Municipal Advisors 40 Dan Kennelly Director, Baker Tilly Municipal Advisors 2:00pm Mobile Tour Group 2: Essentia Vision Northland Project O 2:OOpm - 2A5pm, Sep 30 9 Downtown Duluth (attendees are responsible for their own transportation) Because this is an active construction site, space in each mobile tour group is extremely limited for each time slot. If the tour is full and you would like to be added to the waiting list, please email info@edam.org. Essentia Health is making the largest private investment in Duluth's history as it transforms its downtown medical campus with the $900 million Vision Northland project. Join us for a walking tour of the project, which is currently under construction. Learn more about Vision Northland Safety Requirements: Closed toed shoes (athlectic shoes or boots), pants (no dresses/skirts or shorts), and masks. The project site is within walking distance of the DECC (approximately 25 minutes walking time) and directions will be provided to tour attendees. Please plan accordingly to arrive on time. A Speakers Phil Johnson Project Manager, McGough Construction Dan Cebelinski Director of Facilities, Essentia Health Break with Exhibitors O 2:00pm - 2:15pm, Sep 30 V Harborside Lobby 2:15pm Leveraging Patient Community Capital for Small Businesses O 2:15pm - 3:15pm, Sep 30 1.0 AICP credit The NorthEast Investment Cooperative is an 8-year old innovative approach using a community -owned cooperative to support small businesses by leveraging patient community capital to buy, rehab, and manage real estate. This approach has been used to purchase and renovate three properties in Northeast Minneapolis, supporting growth of four small businesses and creating over 25 jobs. The approach supports longer tenancy, small business stability, and democratically engages the community in its own economic development. While NEIC is located in an urban environment, the model has applications for rural Main Street properties and businesses as well. In January 2021, Cooperative Development Services and University of Nebraska - Lincoln released a practitioners guide to support the use of this model in urban and rural locations. This approach can be an effective tool in an economic develoeper's toolbox to support the rebuilding of small business in a COVID/post-COVID environment. -0Speakers 0 Michael Danger Director, Business Retention & Expansion, University of Minnesota Extension - Community Vitality 0 Kevin Edberg Cooperative Development Services (CDs) 3:15pm Break I Free Time 0 3:15pm - 7:00pm, Sep 30 7:00pm President's Reception & Dinner at the Great Lakes Aquarium 0 7:00pm - 9:00pm, Sep 30 9 Great Lakes Aquarium, Canal Park join us for an evening at the Great Lakes Aquarium! Explore the exhibits, enjoy dinner, network, and see who is presented with the 2021 President's Award. Fri, Oct 01, 2021 7:00am Breakfast on your own 0 7:00am - 8:30am, Oct 1 8:OOam Registration 0 8:00am - 12:00pm, Oct 1 V Harborside Lobby 8;15am President's Announcements 0 8:1 Sam - 8:30am, Oct 1 0 Speaker T-4 i Morgan Hill Market Strategist, ISG, Inc. 8:30am Entrepreneurism in the Mille Lacs Tribal Economy 0 8:30am - 9:30am, Oct 1 dwommmagm 1.0 AICP credit Mille Lacs Corporate Ventures (MLCV), recognizing economic challenges and declining rates of entrepreneurship in the Mille Lacs Tribal Economy, launched an initiative to build a Tribal Economy Business Incubator (TEBI) program. MLCV brought together a diverse team of organizations to explore the concept and lay the groundwork for a comprehensive inclusive program to support entrepreneurs. Partners in the work include: • Mille Lacs Corporate Ventures - A political subdivision and for -profit corporation owned by the Mille Lacs Band of Ojibwe in Minnesota; owns the properties slated for incubator development and convened the partners behind this project to conduct the necessary due diligence. • Northspan Group, Inc. - Completed background research on the Mille Lacs Tribal Economy, an extensive community engagement process in conjunction with community coordinators, and compiled the final report. • Maxfield Research - Conducted market research to assess viability of proposed uses for each of the properties. • Neighborhood Development Center - Developed proformas for the four facilities, an overall TEBI program budget, and a series of policies and procedures to guide its operation. • HyTec Construction - Completed scopes of work for construction or renovation of TEBI buildings. • Initiative Foundation- The operating partner for the TEBL • Community Coordinators - Led the coordination of securing Tribal & Non -Tribal participants for the focus groups. Also participated in focus groups and sharing their experiences in the Mille Lacs Tribal Economy. The process brought together the team's unique talents, generated enthusiasm for the initiative among both Tribal and non -Tribal residents of the Mille Lacs Tribal Economy and positioned the project to pursue Federal funding. This panel brings together the partners on the project to share how they put together this complex initiative and worked to set up entrepreneurs for success. Q Speakers Carolyn Beaulieu Member, Mille Lacs Band of Ojibwe F� Mitch Felerabend Owner/General Manager, HyTec Construction Dustin Goslin Vice President of Business & Economic Development, Mille Lacs Corporate Ventures (MLCV) Beth Gruber Director of Planning & Community Engagement, Mille Lacs Corporate Ventures 4* Ellssa Hansen President & CEO, Northspan Group, Inc. Bradley Harrington Members & CEO, Mille Lacs Band of Ojibwe & Wenji-bimaadizing Media, LLC Matt Mullins Vice President & Business Development, Maxfield Research Mihallo (Mike) Temah Founder & CEO, Neighborhood Development Center Suzanne Wise Member, Mille Lacs Band of Oplowe Put Your Money Where Your Mouth Is: Transforming Programs and Policy to Advance an Inclusive Economy © 8:30am - 9:30am, Oct 1 1.0 AICP credit In the past year, the city of Brooklyn Park's economic development program has shifted towards wealth building and investment in enhancing the lives of existing residents and growing existing small businesses. Come learn concrete changes your city can make in the realm of housing policy, business finance, and development subsidy changes towards economic inclusion, anti -displacement, and wealth creation by applying an equity lens. v1 Speakers John Kinara Housing & Economic Development Specialist, City of Brooklyn Park Danlela Lorenz Business Development Coordinator, City of Brooklyn Park Break with Exhibitors O 9:30am - 9:45am, Oct 1 0 Harborside Lobby 9:45am New Waves on the Lake: Post -Pandemic Real Estate in Northeast Minnesota O 9:45am - 10:45am, Oct 1 1.0 AICP credit There has been no shortage of press on the effects of the Covid-19 pandemic on the real estate market in major cities. But how has Greater Minnesota weathered the storm, and how are its communities positioned to take advantage of a changing economic reality? Northeast Minnesota offers the perfect test case to explore these changing realities, as it includes markets such as the Duluth metro, the towns of the Iron Range, and rural destinations such as the North Shore. This panel will explore the real estate market in northeast Minnesota with a special emphasis on the changes in the commercial market since the start of the pandemic. Insights from Northland Connection, a regional program that hosts a commercial real estate database and provides background data and information to support economic development efforts, will supplement the insights of some of the regions leading realtors and brokers. A Speakers Steve Bragg Business Broker, Calhoun Companies 4 Greg Follmer owner/Broker, Follmer Commercial Real Estate 0 Karl Schuettler Research Director & Consultant, Northspan Group, Inc. 0 s Beth Wentzlaff President, CMRA, LLC 0 Andrea Zupancich Owner, Z'Up North Realty Driving Tourism and Economic Development Through Regional Recreation Programs O 9:45am - 10:45am, Oct 1 1.0 AICP credit Sales tax legislation requiring projects of "regional significance" will have a major impact on the creation of jobs and tax bases in our communities. Two communities in Minnesota, the City of Virginia and the City of Elk River, are building significant regional recreation projects from which they hope to attract tourism dollars, jobs, new households and a new tax base from ancillary development. In this interactive panel discussion, representatives from both cities will tell their project stories and share how they will implement their plans for future economic growth using the recreation projects as a catalyst. We will discuss opportunities to drive community growth through traditional economic development initiatives as well as dive into innovative ways to use recreation projects as a mechanism to attract individuals, families and workers to job and housing opportunities at existing businesses as communities continue to search for top talent and fill residences. A Speakers is Calvin Portner City Administrator, City of Elk River is Paul Steinman Baker Tilly X# John Sullivan Community Development Planner, City of Virginia 10:45ann Break with Exhibitors 0 10:45am-11:o0am, Oct 1 O Harborside Lobby 11:00am Legislative Update O 11:00am-12:oopm, Oct 1 Powered By Whova Accounts Payable Transactions by Account CITY F �User: Julie.Cheney effo Printed: 10/20/2021 - 2:45PM Batch: 00203.10.2021 Account Number Vendor Description GL Date Check No Amount PO No 213-46301-431990 WSB & ASSOCIATES INC 2021 Economic Development Service: 10/26/2021 0 152.00 Vendor Subtotal for Dept:46301 152.00 213-46301-431993 WSB & ASSOCIATES INC 2021 Economic Development Service: 10/26/2021 0 850.00 213-46301-431993 WSB & ASSOCIATES INC Downtown Redevelopment Project - ? 10/26/2021 0 112.00 Vendor Subtotal for Dept:46301 962.00 213-46301-443990 WRIGHT CO RECORDER Satisfaction of Mortgage A# 1485071 10/26/2021 124696 46.00 Vendor Subtotal for Dept:46301 46.00 213-46301-443990 DEMVI LLC Parking Lot Maintenance - Oct 2021 10/26/2021 124655 198.02 Vendor Subtotal for Dept:46301 198.02 Subtotal for Fund: 213 1,358.02 Report Total: 1,358.02 AP -Transactions by Account (10/20/2021 - 2:45 PM) Page 1 701 XENiA AVENUE S SUITE 300 MINNEAPOL.IS, MN 55416 City of Monticello Attn: Sarah Rathlisberger, CPFO Finance Manager 505 Walnut Street, Suite 1 Monticello, MN 55362-8831 2021 Economic Development Services City Staff Reviewer - Jim Thares GL Acct # 1�1. 4.Fi`Jf11 431 qA September 30, 2021 Project/Invoice: R-017641-000 - 8 Reviewed by: Bret Weiss Project Manager: James Gromberg Phase 001 2021 Economic Development Services Monthly Retainer Monthly Retainer $850 / Lump Sum Fee $10,200 for this task. Fee Total Fee 10,200.00 Percent Complete 66.6667 Total Earned Previous Fee Billing Current Fee Billing Total Fee Special Projects Gromberg, James BDPI Grant information Totals Total Labor Outstanding Invoices Invoice Number 7 Total Billings to Date Fee Labor 6,800.00 5,950.00 850.00 Total this Task Hours Rate Amount 8/23/2021 1.00 152.00 152.00 1.00 152.00 850.00 $85 0 152.00 Total this Task $152.00 64U301. y3(,5p Total this Phase $1,002.00 Total this Invoice $1,002.00 Date 9/3/2021 Balance 850.00 850.00 Total Now Due Current Prior Total 850.00 5,950.00 6,800.00 152.00 5,899.50 6,051.50 $1,852.00 Project R-017641-000 MONT - 2021 Economic Development Service Invoice 8 Add -on 0.00 Totals 1,002.00 -93.00 -93.00 11,756.50 12,758.50 Page 2 From: Jim Thares To: Julie Cheney Subject: RE: WSB (2) Date: Monday, October 11, 2021 10:33:06 AM Attachments: imaae001.Dna Hi Julie, these are okay to pay. From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Monday, October 11, 2021 10:30 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: WSB (2) Jim Attached are the current invoices from WSB for August services: Inv# R014511-000 16 — Downtown Redevelop Project - $112.00 Inv# R017641-000 8 — 2021 Economic Development Services - $1,002.00 Okay to pay as coded? Thanks, Julie Cheney Finance Assistant City of Monticello 763-271-3205 Julie.Cheney@ci.monticello.mn.us AP@ci.monticello.mn.us CITY OF Monticello Email correspondence to and from the City of Monticello government offices is subject to the Minnesota Government Data Practices Act and may be disclosed to third parties. 101 XENIh AVENUE S SUITE 300 MINNEAPOL.IS, MN 55416 City of Monticello Attn: Sarah Rathlisberger, CPFO Finance Manager 505 Walnut Street, Suite 1 Monticello, MN 55362-8831 � . �...t l sb September 30, 2021 Project/Invoice: R-014511-000 - 16 Reviewed by: Bret Weiss Project Manager: Penny Rolf Downtown Redev. Project - Monticello City Staff RQyiQ-wff_J GL Acct # 213.46301.431999 31 m Professional Services froAugust 1 2021 to August 31 2021 Phase 001 Downtown Redev. Project Relocation Assistance Services Baloun, Tammy property search Totals Total Labor Billing Limits Total Billings Limit Remaining Outstanding Invoices Invoice Number 15 Total Hours Rate Amount 8/10/2021 1.00 112.00 112.00 1.00 112.00 Total this Task Total this Phase Current Prior To -Date 112.00 5,953.45 6,065.45 10,208.00 4,142.55 112.00 $112.00 $112.00 Total this Invoice $112.00 Date Balance 9/3/2021 92.00 92.00 Total Now Due $204.00 From: Jim Thares To: Julie Cheney Subject: RE: WSB (2) Date: Monday, October 11, 2021 10:33:06 AM Attachments: imaae001.Dna Hi Julie, these are okay to pay. From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Monday, October 11, 2021 10:30 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: WSB (2) Jim Attached are the current invoices from WSB for August services: Inv# R014511-000 16 — Downtown Redevelop Project - $112.00 Inv# R017641-000 8 — 2021 Economic Development Services - $1,002.00 Okay to pay as coded? Thanks, Julie Cheney Finance Assistant City of Monticello 763-271-3205 Julie.Cheney@ci.monticello.mn.us AP@ci.monticello.mn.us CITY OF Monticello Email correspondence to and from the City of Monticello government offices is subject to the Minnesota Government Data Practices Act and may be disclosed to third parties. INVOICE TANYA WEST WRIGHT COUNTY RECORDER WRIGHT COUNTY GOVERNMENT CENTER 10 2ND STREET NW RM 210 BUFFALO, MN 55313-1196 763-682-7357 CITY OF MONTICELLO ATTN: ACCTS PAYABLE 505 WALNUT ST #1 MONTICELLO MN 55362 Document#: A 1485071 Recorded Date Instrument: SATISFACTION OF MORTGAGE Services: GENERALABSTRACT COMPLIANCE FUND STATE GENERAL FUND TECHNOLOGY FUND Transaction Total ..... Total Amount charged this Invoice PAYMENT IS DUE UPON RECEIPT. PLEASE INCLUDE INVOICE NUMBER. THANK YOU. Invoice Number: IA 202100000056 Invoice Date: 09/30/2021 Account #: 154 9/27/21 3:55:OOPM 0 CT - 6 2021 14.50 11.00 10.50 10.00 46.00 46.00 From: Jim Thares To: Julie Cheney Cc: Anaela Schumann Subject: RE: Wright Co Recorder $46.00 Date: Tuesday, October 12, 2021 10:53:52 AM Attachments: imaae001.Dna Hi Julie, this charge is for the recording of the mortgage loan document from the Due North Car Wash closing. This is okay to pay. Please code to: 213-46301-443990 (Miscellaneous and Other Expense) line. From: Angela Schumann <Angela.Schumann@ci.monticello.mn.us> Sent: Monday, October 11, 2021 5:26 PM To: Jim Thares<Jim.Thares@ci.monticello.mn.us> Subject: FW: Wright Co Recorder $46.00 I think this is for WSI/WRE? Angela Schumann Community Development Director City of Monticello www.ci.monticello.mn.us 763-271-3224 Email correspondence to and from the City of Monticello government office is subject to the Minnesota Government Data Practices act and may be disclosed to third parties. From: Julie Cheney <Julie.CheneyPci.monticello.mn.us> Sent: Monday, October 11, 2021 10:19 AM To: Angela Schumann <Angela.Schumann(cDci.monticello.mn.us> Subject: Wright Co Recorder $46.00 Angela Attached is the current invoice from the Wright Co Recorder for September activity. Okay to pay $46.00? Please provide coding. Thanks, Julie Cheney Finance Assistant City of Monticello 763-271-3205 Julie.Cheney@ci.monticello.mn.us AP@ci.monticel lo.mn.us CITY �-�OF Monticello Email correspondence to and from the City of Monticello government offices is subject to the Minnesota Government Data Practices Act and may be disclosed to third parties. Z)6� Julie Cheney V / From: Bullseye Property Management & Realty <mail@managebuilding.com> Sent: Friday, October 22, 2021 3:05 AM To: AP Subject: Lease statement for Broadway Parking Easement - COMMERCIAL - 2 as of 10/22/2021 Bullseye Property Management & Realty Lease statement as of 2021-10-22 City of Monticello Economic Development Authority Account #: 00405914 35 Lake St Suite 500 Big Lake, MN 55309 Date Memo Amount Balance Prior balance 8/1/2021 Common Area Maintenance 8/5/2021 8/27/2021 9/1 /2021 9/30/2021 10/1 /2021 11 /1 /2021 Payment Payment $0.00 $198.02 $198.02 ($198.02) $0.00 ($198.02) ($198.02) $198.02 $0.00 ($198.02 Common Area Maintenance $198.0 Common Area Maintenance $198.0 ............ ............ . .. ..... ... .......... .................................................................. ...... ....... r am. 3 )o Common Area Maintenance Payment ($198.02) 2 $0.00 2 $198.02 Balance due: $198.02 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 4th of each month. Manage your account online: http://builseyeproperties.managebuilding.com Bullseye Property Management & Realty 763-295-6566 Buildium@bullseye411.com Stay connected with the Resident Center app 1 Accounts Payable Transactions b Account CITY F User: Debbie.Davidsonti effo Printed: 10/19/2021 - 4:3:37PM Batch: 00201.10.2021 Account Number Vendor Description GL Date Check No Amount PO No 213-46301-433100 US BANK CORPORATE PMT SYS Canal Park Lodge - 2021 EDAM Con] 10/15/2021 0 306.52 Vendor Subtotal for Dept:46301 306.52 213-46301-438200 CITY OF MONTICELLO 7256-004 - 130 Brdwy- Stormwtr 10/15/2021 0 19.25 213-46301-438200 CITY OF MONTICELLO 7256-007 - 103 Pine St- EDA 10/15/2021 0 37.97 213-46301-438200 CITY OF MONTICELLO 7256-008 - 112 River St. W EDA 10/15/2021 0 37.97 Vendor Subtotal for Dept:46301 95.19 213-46301-443990 US BANK CORPORATE PMT SYS Monti Printing - Invites - Manufacture 10/15/2021 0 166.34 Vendor Subtotal for Dept:46301 166.34 Subtotal for Fund: 213 568.05 Report Total: 568.05 AP -Transactions by Account (10/19/2021 - 4:37 PM) Page 1 Vendor lL Date of -Transaction 0 CITY OF MONTICELLO City Hall Card Transaction Please attach the invoice/receipt and any other available documentation to this form. To be completed by purchaser: Amount Circle purchaser name: Circle department code. - Deb Cole 101-41110 Tracy Ergen 101-41310 Vicki Leerhoff 101-41410 Rachel Leonard 101-41520 Sarah Rathlisberger 101-41800 Jennifer Schreiber 101-41910 Angela Schumann 101-41920 m Thares §'M �101-41140 Green 500246 Liz Lindrud 213-46301 Haley Foster 702-00000 Trevor Mack Hayden Stensgard Circle expense code: 421990 Emplo n ture 431950 431990 Supervis Sign _t re 4 2z00 /o r3 Date approv 433100 443300 443700 443990 Special Project # or Description Other CtJIIk{Gwr City Council Administration City Clerk/Elections Finance Human Resources Planning and Zoning Data Process' City Hall Economic Development HRA Central IT General Operating Supplies Newsletter Services Miscellaneous Prof Services Postal i ravel i rainmg Lx ense Dues Membership & Subscrip Licenses and Permits Misc. Other Expense O Thares, James EDAM 2021 Conference 505 Walnut Street Suite 1 Monticello, MN 55362 Cana! Park Lodge (ST211) 250 Canal Park Dr Duluth, MN 55802 (218) 279-6000 info@canalparklodge.com Account: 25473652 Date: 10/1121 Roam: 310 oRoup- Arrival Date: 9/29/21 Departure Date: 10/1121 Check In Time: 9/29/21 4:53 PM Check Out Time: 10/1/21 9:12 AM Rewards Program ID: You were checked out by: imlakar You were checked in by: HBrenno Total Balance Due: 0.00 Post Date Description Comment Amount 9/29/21 Room Charge #310 Thares, James 134.00 9/29/21 State Tax 9.21 9/29/21 City 1 County Tax 10.05 9130/21 Room Charge #310 Thares, James 134.00 9/30/21 State Tax 9.21 9/30/21 City / County Tax 10.05 1011121 Visa Payment (306.52) XXXXXXXXXXXX1834 Folio Summary 9129121 - 1011/21 Room Charge 268.00 State Tax 18.42 City 1 County Tax 20.10 Visa Payment (306.52) Balance Due: 0.00 EDAM 2021 J 11 Conference Event Schedule Wed, Sep 29, 2021 +;% -.#.. ' 0 _ j _ Z o Z, k 4:00pm Welcome Reception Hosted by the Emerging Professionals & Member Services Committees 04:00pm - 5:00pm, Sep 29 Start your conference experience with a casual reception that will give you a chance to reunite with old friends and colleagues or make new connections. The Emerging Professionals and Member Services Committees will be ready to welcome you! Appetizers and beverages will be served. The Emerging Professionals Committee is comprised of economic development professionals with a variety of backgrounds, levels of education, crud jab history, with 10 years or less experience in the economic development field. Knowing the importance of networking and the challenges and unanswered questions those new to the industry have when entering the workforce, this group acts as an agent to provide advice, job seeking resources and additional education opportunities and trainings. Ieorn more 5:00pm Post -Pandemic Trends in Real Estate & Construction 0 5:00pm - 6:00pm, Sep 29 1.0 AICP credit This session will bring together professionals from construction, development, and architecture for a conversation about how each industry has been affected by the pandemic and related factors. The discussion will include the positives and negatives, how each has had to change to stay operational and competitive, and what they see on the horizon going forward, v� Moderator f . 1 Megan Barnett-Livgard Director of Business Development, Kraus -Anderson -0 speakers Jason Aarsvoid Senior Municipal Advisors, Ehlers Katherine Gerzina Senior Project Architect, D5GW Architects 0 Peter Jesh Principal Manager, Silver Creek Equity Li,C Debbie Davidson From: Sent: To: Subject: Attachments: City of Monticello, MN 505 Walnut St, Ste 1 Monticello, MN 55362 763.271.3228 8AMto4:30PM Account Information Account: Name: Service Address: Service Period: Billing Date: Due Date: Meter Reading noreply@merchanttransact.com Saturday, September 4, 2021 9:05 AM AP Your bill from City of Monticello, MN is ready. 9-1-21 WEBINSERT.pdf 007256-004 MONTICELLO EDA (213-46301) 130 BROADWAY E 8/1/2021 to 8/31/2021 (31 days) 9/3/2021 10/1/2021 Previous Reading Current Reading Serial Date Reading Date Reading Cons Current Charges Water: ACH CREDIT - AUTO PAY ($1.25) Water: EBILL CREDIT ($0.50) Stormwater: STORMWATER / NON-RESIDENTIAL $21.00 Total Current Charges: $19.25 Bill Summary Previous Balance: $19.25 Payments Received: $19.25 Adjustments: $0.00 Current Charges: $19.25 * Total Amount Due by: 10/1/2021 $19.25 * This was the amount due at the time of billing. 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 8AMto4:30PM Account Information Account: Name: Service Address: Service Period: Billing Date: Due Date: Meter Reading Serial Current Charges noreply@merchanttransact.com Saturday, September 4, 2021 9:04 AM AP Your bill from City of Monticello, MN is ready. 9-1-21 WEBINSERT.pdf Previous Reading Date Reading 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: 10/1/2021 * This was the amount due at the time of billing. 007256-007 MONTICELLO EDA (213-46301) 103 PINE ST 8/1/2021 to 8/31/2021 (31 days) 9/3/2021 10/1/2021 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. Cons $0.00 $7.81 ($1.25) ($0.50) $0.81 $10.10 $21.00 $37.97 $37.97 $37.97 $0.00 $37.97 $37.97 1 Debbie Davidson From: Sent: To: Subject: Attachments: City of Monticello, MN 505 Walnut St, Ste 1 Monticello, MN 55362 763.271.3228 8AMto4:30PM Account Information Account: Name: Service Address: Service Period: Billing Date: Due Date: Meter Reading noreply@merchanttransact.com Saturday, September 4, 2021 9:05 AM AP Your bill from City of Monticello, MN is ready. 9-1-21 WEBINSERT.pdf Previous Reading Serial Date Reading 68621907 8/1/2021 43881 Current Charges 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: 10/1/2021 * This was the amount due at the time of billing. 007256-008 MONTICELLO EDA (213-46301) 112 RIVER ST W 8/1/2021 to 8/31/2021 (31 days) 9/3/2021 10/1/2021 Current Reading Date Reading Cons 9/1/2021 43886 5 $0.00 $0.00 $7.81 ($1.25) ($0.50) $0.81 $0.00 $10.10 $21.00 $37.97 $37.97 $37.97 $0.00 $37.97 $37.97 To view your amount due at the current time and make a payment click here. i Auto payment is setup for this customer account, do not pay. Vendor 1 v } C ✓`�n Date of Transaction.�- CITY OF MONTICELLO City Hall Card Transaction Please attach the invoice/receipt and any other available documentation to this form, To be completed by purchaser: Amount $ � �c �S Circle purchaser name; Deb Cole Tracy Ergen Vicki Leerhoff Rachel Leonard Sarah Rathlisberger Jennifer Schreiber Angela Schumann Jim Thares Beth Green Liz Lindrud Haley Foster Trevor Mack Hayden Stensgard Employee Sib)ture Supervisor Signature Date approved Circle department code: 101-41110 101-41310 101-41410 101-41520 101-41800 101-41910 101-41920 101-41940 Circle expense code: 421990 431950 431990 432200 433100 443300 443 443990 �. ther City Council Administration City Clerk/Elections Finance Human Resources Planning and Zoning Data Processing City Hall Economic Development HRA Central IT General Operating Supplies Newsletter Services Miscellaneous Prof Services Postage Travel/Training Expense Dues Membership & Subscrip Licenses and Permits Misc. Other Expense Monticello Printing P.O. Box 235 Monticello, MN 55362 (763) 295-3141 Bill To: City of Monticello 505 Walnut Street, Suite 1 Monticello MN 55362 Invoice No: 135894 Date: 9130121 Customer PO: Vicki Leerhoff Customer No: 3180 External Ref No: 3180M Ship To: City of Monticello 505 Walnut Street, Suite 1 Monticello MN 55362 Please return top portion wltn payment Quantity Description Amount 200 Full Color Invitations - 10 x 7 folded to 5 x 7 $ 140.22 200 Blank A-7 Envelopes $ 26.12 !7i Nl l u l I l i; I E N l I Nl, It, I.INik ^,I 1}tdid !I.EEI Ii NN ' :n: 1 ibii 7!Jt, 'NI ! i t:' I I ,In ID: E.bbb lip 1JU1 Sale �a1;R CI1ti � �!ethlod; �I�iN Total: 166.34 & 30/21 14:1' 14 IIx0v Inv 0: 000003 4pr Lode '(12"" -; Apprd: Wine htchV LI Ul k 1, j,[ H,; a. 'JOW U01 v i ,1: l kl I, l 1 :III' N0001JUUU.:JUIUM hi. f CafU vH. u;]i31fUl3;iUUU Illid�h ,!lug A SERVICE CHARGE AT THE RATE OF 1-1/2% PER MONTH WHICH IS AN ANNUAL RATE AT 18% WILL BE CHARGED ON ACCOUNTS OVER 30 DAYS OLD. Sales Rep: LeRae MP SUBTOTAL I $ 166.34 1 TAX SHIPPING $ 0.00 TOTAL $ 166.34 AMOUNT DUE $ 166.34 Invoice 135894 Order No: 135894 Carton Count: 1 Customer PO: Vicki Leerhof Delivery No: 30,705 Delivery Date: 9/30/21 Ship Via: Transfer Monticello Printing Monticello Printing City of Monticello 216 Cedar Street 505 Walnut Street, Suite 1 Phone: 763-295-2711 Monticello, MN 55362 Monticello, MN 55362 E-Mail: vicki-leerhoff@cimonticello.mn.us Inv/Job I Order Qty I ShippedQty Description 135894/1 200 1200 1 Full Color Invitations - 10 x 7 folded to 5 x 7 135894/2 1200 1200 1 Blank A-7 Envelopes Receiving Signature : V(Q Yo., for Ya-ww r3o Accounts Payable CITY F Y Transactions b Account 6 User: Debbie.Davidson 3tjMSo!nti effo Printed: 11/O1/2021 - 9:43AM Batch: 00215.10.2021 Account Number Vendor Description GL Date Check No Amount PO No 213-46301-438100 XCEL ENERGY 51-13295413-8 - 103 Pine St 10/31/2021 0 48.73 Vendor Subtotal for Dept:46301 48.73 Subtotal for Fund: 213 48.73 Report Total: 48.73 AP -Transactions by Account (11/01/2021 - 9:43 AM) Page 1 NORTHERN STATES POWER COMPANY Page 1 of 4 Xcel Energy° RESPONSIBLE BY NATURE® QUESTIONS ABOUT YOUR BILL? See ourwebsite: xcelenergy.com Email us at: Customerservice@xcelenergy.com Please Call: 1-800-481-4700 Hearing Impaired: 1-800-895-4949 Fax: 1-800-311-0050 Or write us at: XCEL ENERGY PO BOX 8 EAU CLAIRE WI 54702-0008 PREMISES SUMMARY MAILING ADDRESS ACCOUNT NUMBER 1 CITY MONTICELLO ECONOMIC DEV AUTH 505 WALNUT ST STE 1 MONTICELLO MN 55362-8831 51-0013295413-8 t0/05/202;1 STATEMENT NUMBER STATEMENT DATE 1 747242497 09/08/2021 $112.23 ACCOUNT BALANCE (Balance de su cuenta) Previous Balance As of 08/03 $103.77 Payment Received Auto Pay 09/03 -$103.77 CR Balance Forward $0.00 Current Charges $112.23 Amount Due (Can6dad a pagar) $112.23 PREMISES NUMBER PREMISES IDENTIFIER PREMISES DESCRIPTOR CURRENT BILL 302923602 103 PINE ST EDA $48.73 303409149 112 W RIVER ST Pw Split $63.50 Total $112.23 INFORMATION ABOUT YOUR BILL Different fuel sources are used to generate electricity, and they produce different air emissions. For updated environmental information for 2020, g o to: xcelenergy.com/MNEnvironmentalDisclosure. If you don't have internet access, please contact us at 800.895.4999 and we can provide you with this information. Thank you for your payment. HETUHN BOTTOM PORTION WITH YOUR PAYMENT • PLEASE DO NOT USE STAPLES, TAPE OR PAPER CLIPS Xcel Energy® ACCOUNT NUMBER DUE DATE J111111 Old III] JA 11111011 1 1 51-0013295413-8 10/05/2021 $112.23 Automated Bank Payment OCTOBER Your bill is paid through an automated bank payment plan. 1 2 3 4 n 6 7 8 9 10 11 12 13 14 15 16 ------ manifest line --------- 17 18 19 20 21 22 23 I"I�III"'I''�I'lllllll�ll�l'II��III�I��II�III�I�I'I�IIII'I��' 24 25 26 27 28 29 30 31 CITY MONTICELLO ECONOMIC DEV AUTH 505 WALNUT ST STE 1 MONTICELLO MN 55362-8831 I..I�III"�'I'�'�I'IIIIIII�II�I'II��III�I��II�III�I�I'I�IIII'I��' XCEL ENERGY P.O. BOX 9477 MPLS MN 55484-9477 32 51100521 00132954138 0000001122300000011223 Page 2 of 4 Xcel Energy MAILING ADDRESS ACCOUNT NUMBER CITY MONTICELLO ECONOMIC DEV AUTH 505 WALNUT ST STE 1 MONTICELLO MN 55362-8831 51-0013295413-8 1 STATEMENT NUMBER STATEMENT DATE ;$;112.23 747242497 09/08/2021 SERVICE ADDRESS: 103 PINE ST MONTICELLO, MN 55362-8564 NEXT READ DATE: 10/05/21 ELECTRICITY SERVICE DETAILS PREMISES NUMBER: 302923602 INVOICE NUMBER: 0921609942 READINGMETER i METER 3632365 - Multiplier x 40 Read Dates: 08/03/21 - 09/01/21 (29 Days) DESCRIPTION CURRENT READING PREVIOUS READING MEASURED USAGE BILLED USAGE Total Energy 21421 Actual 21417 Actual 4 160 kWh Demand Actual 0.4 kW Billable Demand 0 kW ELECTRICITY CHARGES RATE: Sm Gen Svc (Metered) DESCRIPTION USAGE UNITS RATE CHARGE Basic Service Chg $10.00 Energy Charge Summer 160 kWh $0.092560 $14.81 Fuel Cost Charge 160 kWh $0.030500 $4.88 Sales True Up 160 kWh $0.008510 $1.36 Affordability Chrg $1.27 Resource Adjustment $2.27 Subtotal $34.59 City Fees $5.50 Total $40.09 OTHER RECURRING CHARGES DETAILS INVOICE NUMBER: 921609912 ADDRESS: 103 PINE ST MONTICELLO, MN 55362-8564 UNIT DESCRIPTION USAGE UNITS CHARGE QTY CHARGE Install Number 157123 08/03/21 to 08/31/21 100 WATT HPS AREA CO OWN Auto Protective Lgt 32 kWh $7.41 1 $7.41 CLEAN WATER PUMP REBATES MADE EASY ' Xcel Energy has made pit easy for you to upgrade to energy -saving clean water pumps in your business. Simply purchase an eligible pump From one of r� our participating distributors, and once your new equipment is up and runniung, they'll take care of submitting your rebate paperwork. Contact an energy advisor at 855-839-8862, or visit xcelenergy.com/CleanWaterPumps to learn more, 1 Page 3 of 4 0 Xcel Energy OTHER RECURRING CHARGES DETAILS MAILING ADDRESS ACCOUNT NUMBER CITY MONTICELLO ECONOMIC DEV AUTH 505 WALNUT ST STE 1 MONTICELLO MN 55362-8831 51-0013295413-8 1 STATEMENT NUMBER STATEMENT DATE ;$;112.23 747242497 09/08/2021 INVOICE NUMBER: 921609912 ADDRESS: 103 PINE ST MONTICELLO, MN 55362-8564 UNIT DESCRIPTION USAGE UNITS CHARGE OTY CHARGE Fuel Cost Charge $0.75 Resource Adjustment $0.48 Total $8.64 Premises Total $48.73 DAILY AVERAGES Last Year Temperature 69' F Electricity kWh 4.1 Electricity Cost $1.20 INFORMATION ABOUT YOUR BILL For an average non -demand customer, 68% of your bill refers to power plant costs, 15% to high voltage line costs, and 17% to the cost of local wires connected to your business. For an average demand -billed customer, 78% of your total bill refers to power plant costs, 14% to high voltage lines, and 8% to the cost of local wires connected to your business. I STAY SAFE. CALL 811 BEFORE YOU DIG. Whether it's a major project or just some gardening, be sure to cell 811 before any digging. It's smart. It's easy. And it helps keep everyone safe. For more information visit xcelenergy,com/Safety. Q3If�nrYatk bskrx . Call beters you dig. Page 4 of 4 0 Xcel Energy DAILY AVERAGES Last Year Temperature 69' F Electricity kWh 3.5 Electricity Cost $3.07 MAILING ADDRESS ACCOUNT NUMBER CITY MONTICELLO ECONOMIC DEV AUTH 505 WALNUT ST STE 1 MONTICELLO MN 55362-8831 51-0013295413-8 1 STATEMENT NUMBER STATEMENT DATE ;$;112.23 747242497 09/08/2021 SERVICE ADDRESS: 112 W RIVER ST MONTICELLO, MN 55362-8766 NEXT READ DATE: 10/05/21 ELECTRICITY SERVICE DETAILS PREMISES NUMBER: 303409149 INVOICE NUMBER: 0921608670 INFORMATIONMETER READING METER 15062258 Read Dates: 08/03/21 - 09/01/21 (29 Days) DESCRIPTION CURRENT READING PREVIOUS READING USAGE Total Energy 69319 Actual 69287 Actual 32 kWh Demand Actual 1.68 kW Billable Demand 0 kW ELECTRICITY CHARGES RATE: General Service DESCRIPTION USAGE UNITS RATE CHARGE Basic Service Chg $25.64 Energy Charge 32 kWh $0.034070 $1.09 Fuel Cost Charge 32 kWh $0.029375 $0.94 Sales True Up 32 kWh $0.008780 $0.28 Energy Chg Crd 32 kWh - $0.015180 - $0.49 CR Demand Charge Summer 0 kW $14.790000 $0.00 Affordability Chrg $3.60 Resource Adjustment $1.44 Subtotal $32.50 City Fees $31.00 Total $63.50 Premises Total $63.50 INFORMATION ABOUT YOUR BILL For an average non -demand customer, 68% of your bill refers to power plant costs, 15% to high voltage line costs, and 17% to the cost of local wires connected to your business. For an average demand -billed customer, 78% of your total bill refers to power plant costs, 14% to high voltage lines, and 8% to the cost of local wires connected to your business. I _ ice' •- a~ ~¢� , le STAY SAFE. CALL 811 BEFORE YOU DIG. Whether it's a major project or just some gardening, be sure to cell 811 before any digging. It's smart. It's easy. And it helps keep everyone safe. For more information visit xcelenergy.com/Safety. rKrKm wtw-s below Call before You rig. EDA: 10/14/20 4c. Consideration of approving a CY 2022 Contribution to the Initiative Foundation's Community and Economic Development Programs in the amount of $2,390 (JT) A. REFERENCE AND BACKGROUND: The EDA is asked to consider a funding contribution to the Initiative Foundation (IF) for its annual fundraising campaign. The Initiative Foundation is seeking contributions that will be applicable to and payable in calendar year 2022. The amount of the 2022 request is $2,390.00, the same as in 2020 and 2021. The Initiative Foundation works with cities to support community development and economic vibrancy. The Initiative Foundation programs consist of a variety of loan and grant funds for community and economic development activities. As you will note in the funding request, the IF's grant funding contributions to communities and organizations in Wright County during the past few years has amounted to $3,442,439. Loans provided to Wright County businesses, in a similar time frame, are noted as totaling $5,043,429. Those loan dollars have helped create or retain 1,217 quality jobs. In September 2021, the IF provided $300,000 in loan dollars to assist Due North, the start-up car wash business, with its development project in Monticello. It should also be noted for every local dollar contributed to the IF's fundraising efforts, they are in turn able to invest an average of $3.84 back into the communities they serve in the form of loans, grants, and scholarships. B. ALTERNATIVE ACTIONS: 1. Motion to approve a CY 2022 contribution to the Initiative Foundation's community and economic development programs efforts in the amount of $2,390. 3. Motion to table consideration of a CY 2022 contribution to the Initiative Foundation's community and economic development programs efforts in the amount of $2,390. C. STAFF RECOMMENDATION: Staff recommends Alternative 1. The Initiative Foundations grant and loan programs are helpful assistance sources that often serve as a source of last resort for businesses seeking funding as well as organizations pursuing community enhancement and sustainability objectives. D. SUPPORTING DATA: a. Initiative Foundation Letters dated 06-09-21 and 11-01-21 (320)632-9255 405 First Street SE Little Falls, MN 56345 June 9, 2021 Rachel Leonard, City Administrator City of Monticello 505 Walnut St Ste 1 Monticello, MN 55362-8822 Dear Mayor Hilgart, City Council and Ms. Leonard, ifound.ory For 35 years, the Initiative Foundation has focused on building strong local economies, vibrant communities, and a lasting culture of generosity in Central Minnesota. Our grant -making, lending, and programmatic activities support for -profit and nonprofit business growth, empower new entrepreneurs, address workforce shortages, and increase access to quality childcare for the region's workforce. In Wright County, we have provided a total of $3,442,439 in grants to support nonprofit organizations and local government projects, as well as $5,043,429 in business loans to secure 1,217 quality jobs. In response to the COVID-19 crisis, the Foundation moved quickly to aid our local economies, In partnership with DEED, MDE, and many regional funders, the Foundation provided $9,090,586 in emergency relief grants and $1,340,000 in emergency relief lending throughout our 14-county region. These actions, along with our traditional community and economic development services, made 2020 our most impactful year ever, with total regional grantmaking approximately 5x a typical year. The Foundation has historically generated a substantial return on the investment as local contributions make it possible for us to leverage additional resources from sources outside Central Minnesota. For every dollar we raise locally, we return an average of $3.84 to the communities we serve in the form of grants, loans, and scholarships. Financial support from cities and counties increases our capacity to spur economic development, creating and maintaining quality jobs in the region. We sincerely appreciate your past investment and look forward to your continued support in 2022. We respectfully request that you consider allocating $2390 to the Initiative Foundation in your 2022 budget. Please contact us if you have any questions or to request a presentation. We can present in person or facilitate an online option. If possible, after your budget for 2022 is finalized, please let us know your decision by signing and returning the enclosed confirmation form. Thank you for your consideration All the best, Matt Varilek Carl Newbanks President Grants and Development Manager The Initiative Foundation is a 501c(3) nonprofit organization. All contributions to the Foundation are tax-deductible to the extent allowed by law. The Foundation owns and manages all financial contributions for the benefit of communities served in the 14-county region of Central Minnesota. ® Powering Possible Equat opportunity lender, provider and employer (320) 632-9255 405 First Street SE Little Fatls. MN 56345 November 1, 2021 Jim Thares, Economic Development Manager City of Monticello 505 Walnut St Ste 1 Monticello, MN 55362-8822 Dear Monticello EDA Board and Mr. Thares, ifound.org For 35 years, the Initiative Foundation has focused on building strong local economies, vibrant communities, and a lasting culture of generosity in Central Minnesota. Our grant -making, lending, and programmatic activities support for -profit and nonprofit business growth, empower new entrepreneurs, address workforce shortages, and increase access to quality childcare for the region's workforce. In Wright County, we have provided a total of $3,442,439 in grants to support nonprofit organizations and local government projects, as well as $5,043,429 in business loans to secure 1,217 quality jobs. In response to the COVID-19 crisis, the Foundation moved quickly to aid our local economies. in partnership with DEED, MDE, and many regional funders, the Foundation provided $9,090,586 in emergency relief grants and $1,340,000 in emergency relief lending throughout our 14-county region. These actions, along with our traditional community and economic development services, made 2020 our most impactful year ever, with total regional grantmaking approximately 5x a typical year. The Foundation has historically generated a substantial return on the investment as local contributions make it possible for us to leverage additional resources from sources outside Central Minnesota. For every dollar we raise locally, we return an average of $3.84 to the communities we serve in the form of grants, loans, and scholarships. Financial support from cities and counties increases our capacity to spur economic development, creating and maintaining quality jobs in the region. We sincerely appreciate your past investment and look forward to your continued support in 2022. We respectfully request that you consider allocating $2390 to the Initiative foundation in your 2022 budget. Please contact us if you have any questions or to request a presentation. We can present in person or facilitate an online option. If possible, after your budget for 2022 is finalized, please let us know your decision by signing and returning the enclosed confirmation form. Thank you for your consideration! All the best, A Matt Varilek Carl Newbanks President Grants and Development Manager The Initiative Foundation is a 501c(3) nonprofit organization. All contributions to the Foundation are tax-deductible to the extent allowed by law. The Foundation owns and manages all financial contributions for the benefit of communities served in the 14-county region of Central Minnesota. 0 Powering Possible Equal opportunity lender. Provider and employer. Our Mission: To empower people throughout Central Minnesota to build a thriving economy, vibrant communities and a lasting culture of generosity. 405 First Street SE Little Falls, MN 56345 (877) 632-9255 ifound.org Initiative Foundation at work in WRIGHT COUNTY $8049422 in local donations to the Initiative Foundation. $8 9 MILLION • returned to Wright County in grants and loans. Return on Investment For every local dollar contributed, the Initiative Foundation has invested $11.09 back into Wright County. Economic Impact [1986 to present] - Awarded 401 grants totaling $3.4 million - 70 loans totaling $4.82 million - Created or retained 1,217 quality jobs - $34.7 million in outside capital leveraged -Hosted 5 Partner Funds ® Powering Possible Equal opportunity lender, provider and employer. WRIGHT COUNTYInvestment Highlight For a full listing of Initiatiue Foundation inuestments in Wright County, Contact us at (877) 632-9255. Grants Thriving Economy, Thriving Communities Sunshine Station Childcare and Preschool Playhouse Child Care Center of Monticello, Inc. Wright County Community Action, Inc. RiverWorks Wright County Area United Way New Horizon Academy True Friends City of Monticello Essential worker & child care relief Essential worker & child care relief Engaging the community with the 2020 census RiverWorks mobile food distribution Emergency relief grant Essential worker & child care relief Recruiting and training exceptional staff for human services jobs Transitioning an energy economy Business Financing Local Ownership. Quality Jobs Fantastic Sams (Albertville, Clearwater, Monticello)` Service Jimmy John's, Ostego' Service Trouble's, Howard Lake" Karlsburger Foods, Inc., Monticello Service Wholesale " Indicates Minnesota Department of Employment and Economic Development Small Business Emergency Loan, funded by the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act. Charitable Funds Activating Generosity Delano Area Community Foundation I Delano Area Emergency Fund I Dorn Family Fund I Minnesota Pioneer Park Endowment Fund I Wright County Historical Society Fund Nonprofit Assistance Helping Organizations Thrive True Friends Lunchtime Learning Wright County Community Action Lunchtime Learning Central Minnesota Jobs and Training Services, Inc. Lunchtime Learning Community Action The Power of Partnership -> True Friends Camp has a fresh approach to seasonal staff recruitment and training in its effort to lead 25,000-plus children and adults with disabilities through summer camp and other services. About 300 staff members annually assist with a variety of programs at the Annandale -area camp. Updated recruitment and training techniques, supported by an Initiative Foundation grant, helped the camp provide the right supports while also creating a larger pool of qualified workers to fill regional employment gaps. 4 Suicide is the second leading cause of death among 15- to 24-year-olds, according to the Centers for Disease Control. Students and staff at Delano High School are working to end the stigma of depression and shed light on suicide so teens can help themselves and one another. Supported by the Delano Area Community Foundation, an Initiative Foundation Partner Fund, students during February's suicide prevention month explored mental health topics and learned about creating connections. 6.8.21 EDA Agenda: 11/10/21 4d. Consideration of Approving Month to Month Lease Agreements for Billboards on EDA owned property, Outlot A, Country Club Manor, with Reagan Outdoor Advertising and Lamar Advertising (JT/AS) A. REFERENCE AND BACKGROUND: The EDA is asked to consider approving new month to month lease agreements with Lamar Advertising and Reagan Outdoor Advertising on EDA owned property described as, Outlot A, Country Club Manor. The two companies currently lease four large sign structures (two by Lamar and two by Reagan). Lease agreements were entered into with the two sign companies by the city several years ago. The existing lease agreements are attached to this staff report. The EDA is the record of owner of the Outlot A, Country Club Manor parcel. The city received the 16.71-acre parcel through tax forfeiture many years ago. It then transferred the property to the HRA. When the EDA was formed as a dual purpose -powers HRA-EDA in the early 2000s, it received its interest/rights in the parcel. As you will recall, Headwaters Development has inquired about developing the site with a multi -family apartment building and twin home patio units. Those renewed discussions are the genesis in the City's recent steps terminating the leases. As they are currently situated, the sign structures would conflict with the concepts that the developer has submitted for preliminary discussion. The amended leases recognize the abilityto maintain and operate only the existing billboard signage. The leases specify a month -to -month term beginning January 1, 2022. The Lamar and Reagan leases may be terminated with 30 days' notice. Lamar has requested 30 days to remove the sign structure after termination. The Reagan lease is set at a 15-day removal for the sign structure. No increase in the monthly rent is proposed for the amended leases. Consistent with current leases, the amended Reagan Outdoor Advertising leases include an annual 2 % increase in the monthly rent. The leases are structured to allow the City (and EDA) to terminate the leases to allowfor the development of the Outlot A, Country Club Manor parcel. At the time a formal development application is submitted to the City and the related timeline for approval becomes clear, the timing of new termination notices can be determined. City Council consideration of the amended leases is scheduled for November 8, 2021 as part of the consent agenda. Al. STAFF IMPACT: The staff impact of updating the billboard lease decision to the EDA is minor. In-house staff have been involved in the lease termination steps to date. The city attorney was engaged to negotiate and draft the new month to month lease agreements with both sign companies. The EDA attorney will also be apprised of the actions to date. No other staff are needed to complete the tasks related to this item. EDA Agenda: 11/10/21 A2. BUDGET IMPACT: The city attorney prepared the new month to month lease documents and has been involved in coordinating obtaining the concurrence and signatures of the two sign companies. Those charges are currently being covered by the City as they have been receiving the monthly lease payments. If it is determined that some a portion of those charges are to be assigned to the EDA, there are sufficient dollars budgeted in the 2021 EDA General fund to cover them. 1. Motion to authorize amended billboard sign lease agreements with Reagan Outdoor Advertising and Lamar Advertising on property described as Outlot A, Country Club Manor, with effective start dates of 1-1-2022. 2. Motion to table authorizing amending billboard sign lease agreements with Reagan Outdoor Advertising and Lamar Advertising on property described as Outlot A, Country Club Manor, with effective start dates of 1-1-2022. C. STAFF RECOMMENDATION: Staff recommends Alternative #1. The city attorney has completed the tasks involved in drafting and obtaining lessee signatures on the new lease agreements. The submittal of a development proposal for the Outlot A, Country Club Manor site by Headwaters and progress towards a development agreement will be the determining factors in to cancellation of the lease agreements and ultimately, the removal of the sign structures from the property. D. SUPPORTING DATA: a. New Month to Month Billboard Lease Agreements with Lamar b. New Month to Month Billboard Lease Agreements w Reagan c. Existing Billboard Lease Agreements with Lamar d. Existing Billboard Lease Agreements with Reagan e. Aerial Photo of 16.71-acre site and Aerial showing the Billboard Sign Structures f. Quit Claim Deed conveying property to EDA THE Lamar Co # 157 This Instrument Prepared by: JamesR. McIlwain 5321 Corporate Boulevard Baton Rouge, Louisiana 70808 JamesR. McIlwain COMPANIES SIGN LOCATION LEASE RENEWAL New XXX Renewal 8022-01 Lease # THIS LEASE AGREEMENT, made this 111 day of January, 2022, by and between the CITY OF MONTICELLO (EDA) (hereinafter referred to as"Lessor") and THE LAMAR COMPANIES (hereinafter referred to as "Lessee"), provides WITNESSETH "LESSOR hereby leases to LESSEE, its successors or assigns, as much of the hereinafter described lease premises as may be necessary for the operation, and repair of an existing outdoor advertising structure ("sign"), including necessary structures, advertising devices, utility service, power poles, communications devices and connections, with the right of access to and egress from the sign by LESSEE'S employees, contractors, agents and vehicles and the right to survey, post, illuminate and maintain advertisements on the sign, and to modify the sign to have as many advertising faces, including changeable copy faces or electronic faces, as are allowed by local and state law, and to maintain telecommunications devices or other activities necessary or useful in LESSEE'S use of the sign. Any discrepancies or errors in the location and orientation of the sign are deemed waived by LESSOR upon LESSOR'S acceptance of the first rentalpayment due afterthe construction of the sign. The premises are a portion of the property located in the County of WRIGHT, State of MINNESOTA, more particularly described as: (CITY OF MONTICELLO) COUNTRY CLUB MANOR OUTLOT A, LOCATION ALONG INTERSTATE 94 (EXHIBIT A) 1.25 MI. W/O EXIT @ MM 192.63 N/L, TWP 121N, RANGE 25W, SECT 33. [PROVIDE UPDATED EXHIBIT] 1. This Lease shall be for a term of one (1) month commencing on the first day of the calendar month following the date of completion of construction of the sign, or, if this is a renewal Lease, the term and payments begin January 1, 2022 ("commencement date"). Following the initial term, this Lease shall renew on a month to month basis. Said renewal term shall automatically go into effect unless either party shall give the other party written notice of non -renewal at least thirty (30) days prior to the expiration of the then current term. 2. LESSEE shall pay to LESSOR a monthly rental of TWO -HUNDRED AND NO/100ths ($200.00) Dollars, payable in advance, with the first installment due on the IIt day of January 2022. Rent shall be considered tendered upon due mailing or attempted hand delivery during reasonable business hours at the address designated by LESSOR. Should LESSEE fail to pay rent or perform any other obligation under this lease within thirty (30) days after such performance is due, LESSEE will be in default under the lease. In the event of such default, LESSOR must give LESSEE written notice by certified mail and allow LESSEE thirty (30) days thereafterto cure any default. 3. LESSOR agrees not to erect or allow any other off -premise advertising structure(s), other than LESSEE'S, on property owned or controlled by LESSOR within two thousand (2000) feet of LESSEE'S sign, except for those previously existing off - premise advertising structure(s). LESSOR further agrees not to erect or allow any other obstruction of highway view or any 217789v8 vegetation that may obstruct the highway view of LESSEE'S sign. LESSEE is hereby authorized to remove any such other advertising structure, obstruction or vegetation atLESSEE'S option. 4. LESSEE may terminate this lease upon giving thirty (30) days written notice in the event that the sign becomes entirely or partially obstructed in any way or in LESSEE'S opinion the location becomes economically or otherwise undesirable. If LESSEE is prevented from constructing or maintaining a sign at the premises by reason of any final governmental law, regulation, subdivision or building restriction, order or other action, LESSEE may elect to terminate this lease. In the event of termination of this Lease prior to expiration, LESSOR will return to LESSEE any unearned rentals on a pro rata basis. 5. All structures, equipment and materials placed upon the premises by the LESSEE or its predecessor shall remain the property of LESSEE and must be removed by LESSEE within thirty (30) days of termination of this lease renewal. At the termination of this lease, LESSEE agrees to restore the surface of thepremises to its original condition. 6. The LESSEE shall have the right to make any necessary applications with, and obtain permits from, governmenta I bodies for the construction and maintenance of LESSEE'S sign, at the sole discretion of LESSEE. All such permits and any nonconforming rights pertaining to the premises shall be the property of LESSEE. 7. LESSOR represents that he is the owner or lessee under written lease of the premises and has the right to make this agreement and to grant LESSEE free access to the premises to perform all acts necessary to exercise its rights pursuant to this lease. LESSOR is not aware of any recorded or unrecorded rights, servitudes, easements, subdivision or building restrictions, or agreements affectingthe premises that prohibit the erection, posting, painting, illumination or maintenance of the sign. 8. In the event of any change of ownership of the property herein leased, LESSOR agrees to notify LESSEE promptly of the name, address, and phone number of the new owner, and LESSOR further agrees to give the new owner formal written notice of the existence of this lease and to deliver a copy thereof to such new owner at or before closing. In the event that LESSEE assigns this lease, assignee will be fully obligated under this Lease and LESSEE will no longer be bound by the lease. This lease is binding upon the persona I representatives, heirs, executors, successors, and assigns of both LESSEE and LESSOR. 9. In the event of condemnation of the subject premises or any part thereof by proper authorities, or relocation of the highway, the LESSOR grants to the LESSEE the right to relocate its sign on LESSOR'S remaining property adjoining the condemned property or the relocated highway. Any condemnation award forLESSEE'S property shall accrue to LESSEE. 10. LESSEE agrees to indemnify LESSOR from all claims of injury and damages to LESSOR or third parties caused by the installation, operation, maintenance, or dismantling of LESSEE'S sign during the term of this lease. LESSEE further agrees to repair any damage to the premises or property at the premises resulting from the installation, operation, maintenance, or dismantling of the sign, less ordinary wear and tear. 11. LESSOR agrees to indemnify LESSEE from any and all damages, liability, costs and expenses, including attorney's fees, resulting from any inaccuracy in or nonfulfillment of any representation, warranty or obligation of LESSOR herein. 12. If required by LESSEE, LESSOR will execute and acknowledge a memorandum of lease suitable for recordation. In addition to the foregoing, LESSOR authorizes and appoints LESSEE as LESSOR'S agent, representative, and attorney in fact forthe limited purpose of executing on behalf of LESSOR such memorandum of lease and any amended memoranda of lease that are necessary or desirable to correct, amend, or supplement any matter set forth in such memorandum. LESSOR further authorizes LESSEE to perform all acts that are incidentalto or necessary for the execution and recordation of such memorandum ormemoranda. 13. This Lease is NOT BINDING UNTIL ACCEPTED by the General Managerof a Lamar Advertising Company. LESSEE: THE LAMAR COMPANIES LESSOR: CITY OF MONTICELLO BY: MARK D. DEVORE VICE-PRESIDENT/GENERAL MANAGER DATE: BY: BY: DATE: 217789v8 Address of LESSEE: PO Box 865 St. Cloud, MN 56302 Witnesses (LESSEE) 763-271-3211 LESSOR'S TELEPHONE NUMBER 41-60005385 LESSOR'S SOCIAL SECURITY NUMBER / EMPLOYER IDENTIFICATION NUMBER W-9 Name (as shown on your Income Tax Return) 155-033-900010 Tax ID Parcel # (for land on which sign is located) Address of LESSOR: 505 Walnut Street Monticello, MN 55362 Witnesses (LESSOR) 217789v8 THE Lamar Co # 157 This Instrument Prepared by: JamesR. McIlwain 5321 Corporate Boulevard Baton Rouge, Louisiana 70808 JamesR. McIlwain COMPANIES SIGN LOCATION LEASE RENEWAL New XXX Renewal 265-01 Lease # THIS LEASE AGREEMENT, made this 111 day of January, 2022, by and between the CITY OF MONTICELLO (EDA) (hereinafter referred to as "Lessor") and THE LAMAR COMPANIES (hereinafter referred to as "Lessee"), provides WITNESSETH "LESSOR hereby leases to LESSEE, its successors or assigns, as much of the hereinafter described lease premises as may be necessary for the operation and repair of an existing outdoor advertising structure ("sign"), including necessary structures, advertising devices, utility service, power poles, communications devices and connections, with the right of access to and egress from the sign by LESSEE'S employees, contractors, agents and vehicles and the right to survey, post, illuminate and maintain advertisements on the sign, and to modify the sign to have as many advertising faces, including changeable copy faces or electronic faces, as are allowed by local and state law, and to maintain telecommunications devices or other activities necessary or useful in LESSEE'S use of the sign. Any discrepancies or errors in the location and orientation of the sign are deemed waived by LESSOR upon LESSOR'S acceptance of the first rentalpayment due afterthe construction of the sign. The premises are a portion of the property located in the County of WRIGHT, State of MINNESOTA, more particularly described as: (CITY OF MONTICELLO) COUNTRY CLUB MANOR OUTLOT A, LOCATION ALONG INTERSTATE 94 (EXHIBIT A) 1 MI NW/O JCT HWY 25, STATE PERMIT NUMBER: 4567, PIN# 155-033-900010 [PROVIDE UPDATED EXHIBIT] 1. This Lease shall be for a term of One (1) month commencing on the first day of the calendar month following the date of completion of construction of the sign, or, if this is a renewal Lease, the term and payments begin January 1, 2022 ("commencement date"). Following the initial term, this Lease shall renew on a month to month basis. Said renewal term shall automatically go into effect unless either party shall give the other party written notice of non -renewal at least thirty (30) days prior to the expiration of the then current term. 2. LESSEE shall pay to LESSOR a monthly rental of TWO -HUNDRED AND NO/100ths ($200.00) Dollars, payable in advance, with the first installment due on the lst day of January, 2022. Rent shall be considered tendered upon due mailing or attempted hand delivery during reasonable business hours at the address designated by LESSOR. Should LESSEE fail to pay rent or perform any other obligation under this lease within thirty (30) days after such performance is due, LESSEE will be in default under the lease. In the event of such default, LESSOR must give LESSEE written notice by certified mail and allow LESSEE thirty (30) days thereafterto cure any default. 3. LESSOR agrees not to erect or allow any other off -premise advertising structure(s), other than LESSEE'S, on property owned or controlled by LESSOR within two thousand (2000) feet of LESSEE'S sign, except for those previously existing off - premise advertising structures. LESSOR further agrees not to erect or allow any other obstruction of highway view or any vegetation 217786v8 that may obstruct the highway view of LESSEE'S sign. LESSEE is hereby authorized to remove any such other advertising structure, obstruction or vegetation at LESSEE'S option. 4. LESSEE may terminate this lease upon giving thirty (30) days written notice in the event that the sign becomes entirely or partially obstructed in any way or in LESSEE'S opinion the location becomes economically or otherwise undesirable. If LESSEE is prevented from constructing or maintaining a sign at the premises by reason of any final governmental law, regulation, subdivision or building restriction, order or other action, LESSEE may elect to terminate this lease. In the event of termination of this Lease prior to expiration, LESSOR will return to LESSEE any unearned rentals on a pro rata basis. 5. All structures, equipment and materials placed upon the premises by the LESSEE or its predecessor shall remain the property of LESSEE and must be removed by LESSEE within thirty (30) days of termination of this lease renewal. At the termination of this lease, LESSEE agrees to restore the surface of the premises to its original condition. 6. The LESSEE shall have the right to make any necessary applications with, and obtain permits from, governmental bodies for the construction and maintenance of LESSEE'S sign, at the sole discretion of LESSEE. All such permits and any nonconforming rights pertaining to the premises shall be the property of LESSEE. 7. LESSOR represents that he is the owner or lessee under written lease of the premises and has the right to make this agreement and to grant LESSEE free access to the premises to perform all acts necessary to exercise its rights pursuant to this lease. LESSOR is not aware of any recorded or unrecorded rights, servitudes, easements, subdivision orbuilding restrictions, or agreements affectingthe premises thatprohibit the erection, posting, painting, illumination or maintenance of the sign. 8. In the event of any change of ownership of the property herein leased, LESSOR agrees to notify LESSEE promptly of the name, address, and phone number of the new owner, and LESSOR further agrees to give the new owner formal written notice of the existence of this lease and to deliver a copy thereof to such new owner at or before closing. In the event that LESSEE assigns this lease, assignee will be fully obligated under this Lease and LESSEE will no longer be bound by the lease. This lease is binding upon the persona I representatives, heirs, executors, successors, and assigns of both LESSEE and LESSOR. 9. In the event of condemnation of the subject premises or any part thereof by proper authorities, or relocation of the highway, the LESSOR grants to the LESSEE the right to relocate its sign on LESSOR'S remaining property adjoining the condemned property or the relocated highway. Any condemnation award forLESSEE'S property shall accrue to LESSEE. 10. LESSEE agrees to indemnify LESSOR from all claims of injury and damages to LESSOR or third parties caused by the installation, operation, maintenance, or dismantling of LESSEE'S sign during the term of this lease. LESSEE further agrees to repair any damage to the premises or property at the premises resulting from the installation, operation, maintenance, or dismantling of the sign, less ordinary wear and tear. 11. LESSOR agrees to indemnify LESSEE from any and all damages, liability, costs and expenses, including attorney's fees, resulting from any inaccuracy in or nonfulfillment of any representation, warranty or obligation of LESSOR herein. 12. If required by LESSEE, LESSOR will execute and acknowledge a memorandum of lease suitable for recordation. In addition to the foregoing, LESSOR authorizes and appoints LESSEE as LESSOR'S agent, representative, and attorney in fact forthe limited purpose of executing on behalf of LESSOR such memorandum of lease and any amended memoranda of lease that are necessary or desirable to correct, amend, or supplement any matter set forth in such memorandum. LESSOR further authorizes LESSEE to perform all acts that are incidentalto or necessary for the execution and recordation of such memorandum ormemoranda. 13. This Lease is NOT BINDING UNTIL ACCEPTED by the General Managerof a LamarAdvertising Company. LESSEE: THE LAMAR COMPANIES LESSOR: CITY OF MONTICELLO BY: MARK D. DEVORE VICE-PRESIDENT/GENERAL MANAGER DATE: BY: BY: DATE: 217786v8 Address of LESSEE: Po Box 865 St. Cloud, MN 56302 Witnesses (LESSEE) 763-271-3211 LESSOR'S TELEPHONE NUMBER 41-60005385 LESSOR'S SOCIAL SECURITY NUMBER / EMPLOYER IDENTIFICATION NUMBER W-9 Name (as shown on your Income Tax Return) 155-033-900010 Tax ID Parcel # (for land on which sign is located) Address of LESSOR: 505 Walnut Street Monticello, MN 55362 Witnesses (LESSOR) 217786v8 LEASE AGREEMENT REAGAN OUTDOOR ADVERTISING This Lease Agreement (Lease #L501876) dated this this 15t day of January, 2022 is made and entered into by the CITY OF MONTICELLO (EDA) ("Lessor") and by ROA ROCHESTER, LLC, d/b/a Reagan Outdoor Advertising of Rochester ("Lessee"). Both the Lessor and Lessee acknowledge the receipt and sufficiency of good and valuable consideration and agree as follows: Lessor does hereby grant, convey and lease to Lessee and its assigns and successors, the right to use real property located in the County of State of Minnesota, otherwise known as (Site #S106946) and more particularly described as: I-94 l.lmiles west, Jet. Hwy 25 Parcel 155-033-90010 in the City of Monticello, County of Wright, State of MN (the "Premises") [PROVIDE EXHIBIT] for the purpose of operating, replacing, maintaining and servicing thereon an existing outdoor advertising structure, including such necessary devices, structures, connections, communication equipment, supports and appurtenances and wireless communications (along with all permits, licenses, certificates of use, rights of non-conforminguse, and/or other tangible and intangible rights associated therewith, hereinafter referred to as the "Sign(s)") as may be desired by Lessee as well as an easement over the Premises for ingress and egress access to the Sign(s) for construction, maintenance and removal. Lessor agrees to execute all documents reasonably necessary for any governmental approvalrela te d to the construction, maintenance, removal and/orrelocation of the Sign(s) and/ortopermit Lessee to execute the name of Lessor as attorney - in -fact. Lessee may place on or attach to this instrument, subsequent to execution, a metes and bounds description of the location. The initial term of this Lease shall be month to month commencing on or before the 11t day of January, 2022. Lessee shall pay monthly rent to Lessor in the amount of $800.79 payable in advance, with an annual2%increase beginning January 1 st of each year. Lessee shall have the option to renew this Lease on a month to month term. This Lease shall continue in full force on the same terms and conditions for a like successive period or periods. Said renewal tern shall automatically go into effect unless either party shall give the other party written notice of non -renewal at least thirty (30) days prior to the expiration of the then current term. All structures, equipment and materials placed upon the premises by the Lessee or its predecessor shall remain the property of Lessee and must be removed by Lessee within fifteen (15) days of termination of this lease renewal. At the termination of this lease, Lessee agrees to restore the surface of the premises to its original condition. If the Sign(s)' location becomes obstructed so as to lessen the advertising value of any of Lessee's Sign(s) erected on said Premises, or if traffic is diverted or reduced, or if the use of any such Sign(s) is prevented or restricted by law, or if for any reason a building permit for erection or modification is refused, this Lease may be terminated, at the option of the Lessee, with no termination penalty or the rent reduced proportionately to the reduced economic benefit to Lessee while said condition exists. In any such events or by any other cancellations that are a part of this lease, Lessor shall refund pro-rata any prepaid rental for the unexpired term. Lessor agrees that no such obstruction insofar as the same is within Lessor's control will be permitted or allowed. Lessor authorizes Lessee to trim and cut whatever trees, bushes and brush, as it deems necessary for the unobstructed view of its advertising display Every Sign placed upon the Premises by or for the benefit of Lessee is a real estate fixture, which nevertheless remains at all times the property of the Lessee. Lessee may at any time modify, replace, remove or upgrade any part of each Sign or any or all Sign(s) in their entirety. Every Sign, including such necessary devices, structures, connections, supports and appurtenances, as well as permits, licenses, certificates of use, or rights of nonconforming use, is and shall remain the property of Lessee. If Lessee requires additional permits or approvals to conduct its business, Lessee has the right to, and Lessor's permission to, obtain the same and Lessor covenants and warrants that it shall cooperate fully with Lessee and shall execute all instruments necessary or appropriate in the matter. In the event all or any part of the Premises is condemned or sought to be condemned, Lessee shall be entitled, in its sole discretion, to one or more of the following: (a) to contest the condemnation; (b) to relocate its Sign(s) on the Premises not acquired; (c) to terminate this Lease with no termination penalty; (d) to receive compensation for the value of Lessee's leasehold interest and Sign(s) acquired and for the reduced value of Lessee's leasehold interest and Sign(s) not acquired (whether located on the Premises or not) which results from the acquisition; and, (e) to recover from the condemner to the maximum extent otherwise allowable by law. In the event that Lessee does not elect or is unable to complete option (b), then this Lease shall automatically convert into a ninety-nine (99) yeareasement to maintain the sign on the Premises, which may not be terminated by either the Lessor or the condemning authority. "Condemned" and "condemnation" shall b e construed to include any transfer of possession, title or right relating to the Premises in favor of or for the benefit of any entity having the power of eminent domain, including, but not limited to, sale or lease. No right of termination set forth anywhere in this Lease may be exercised by or for the benefit of any entity having the power of eminent domain. Lessor warrants the title of said leasehold and quiet enjoyment of the Premises by Lessee for the term herein mentioned. Lessor warrants that it has authority to execute this Lease. Any notice ("Notice") to either Lessor or Lessee as required under this Lease, in order to be effective and deemed delivered, must be in writing and sent certified mail, return receipt requested, or via overnight delivery from a nationally recognized courier. Lessor grants unto Lessee the right to pay any taxes relating to the Premises in order to prevent a tax sale or to make any payments to prevent the foreclosure of any liens or encumbrances against the Premises or to redeem the Premises from same. In the event of payment of such taxes, liens or redemption by Lessee, Lessee shall be entitled to recover the amount of such taxes and other payments from Lessor, together with interest thereon at the lower interest rate of either twelve percent (12%) or the maximum rate allowed by law from the time of payment by Lessee until repayment thereof by Lessor. In the event Lessee prevents a foreclosure action or sale to satisfy liens or encumbrances on the Premises by any lien payment described above, or redeems the Premises therefrom, Lessee shall succeed to all of the 217550v6 rights and interest of the original lienholder. Lessee shall have the same rights as the original lienholder to initiate a foreclosure of the Premises to recover those payments made, to include Lessee's costs, expenses, fees and attorneys' fees. The remedies afforded by this paragraph shallnot be exclusive and shallbe in addition to any and all otherremedies available to Lessee at law or in equity. This Lease is binding upon the heirs, successors and assigns of both Lessor and Lessee, with the exception of termination rights of Lessor set forth in this Lease or any addendum or subsequent amendment, which rights may only be exercised by the original Lessor (whose name is set forth at the top of this Lease) and not by or for the benefit of any entity with the power of eminent domain. Lessee shall hav e the absoluteright to assign its rights underthis Lease. It is expressly understood that neither the Lessor nor Lessee is bound by any stipulations, representations, or agreements not printed or written in this Lease. This Lease integrates all prior representations, agreements and negotiations between the parties. In the event any term or terms of this lease shall be deemed invalid or unenforceable, such clauses shall be severed from the lease and the remainder of the lease shall be enforceable according to its terms. In the event of any litigation related to or arising out of this Lease, the prevailing party shall be entitled to recover its reasonable and necessary attorneys' fees and costs; provided, however, that Lessee shall first be given written Notice of any default, as set forth herein, and shall have failed to cure such default within thirty (30) days of receipt of said Notice. This agreement shall inure to the benefit of and shall be binding upon the heirs, personal representatives, successors, and assigns of the parties hereto. Time is of the essence of this Lease and each of its terms. ACCEPTED AND APPROVED BY: LESSOR: City of Monticello (EDA) SIGNATURE: Lessor Address: 505 Walnut St. Suite 1 City, State,Zip code: Monticello. MN 55362 Date: Tax Identification Number: LESSOR STATE OF Minnesota :ss COUNTY OF Wright EXECUTED THIS DAY OF ,2021 LESSEE: ROA Rochester, LLC 318541IYNW, Suite 20 Rochester, MN 55901 LIN Troy McEldowney, GM This record was acknowledged before me on , by the of the City of Monticello, a Minnesota municipal corporation, that the foregoing instrument was signed on behalf of said corporation and pursuant to the authority granted by its City Council. Signature of Notary Public LESSEE STATE OF Minnesota ) :SS COUNTY OF ) This record was acknowledged before me on by Troy McEldowney, the General Manager of ROA Rochester, LLC, a Delaware limited liability company, dba Reagan Outdoor Advertising, that the foregoing instrument was signed on behalf of said corporation by authority of its by-laws, and said corporation executed the same. Signature of Notary Public 217550v6 LEASE AGREEMENT REAGAN OUTDOOR ADVERTISING This Lease Agreement (Lease #L501877) dated this this lst day of January, 2022 is made and entered into by the CITY OF MONTICELLO (EDA) ("Lessor") and by ROA ROCHESTER, LLC, d/b/a Reagan Outdoor Advertising of Rochester ("Lessee"). Both the Lessor and Lessee acknowledge the receipt and sufficiency of good and valuable consideration and agree as follows: Lessor does hereby grant, convey and lease to Lessee and its assigns and successors, the right to use real property located in the County of State of Minnesota, otherwise known as (Site #S106949) and more particularly described as: I-94 1.2 miles west. Jet. Hwy 25 Parcel 155-033-90010 in the City of Monticello, County of Wright, State of MN (the "Premises") [PROVIDE EXHIBIT] for the purpose of operating, replacing, maintaining and servicing thereon an existing outdoor advertising structure, including such necessary devices, structures, connections, communication equipment, supports and appurtenances and wireless communications (along with all permits, licenses, certificates of use, rights of non-conforminguse, and/or other tangible and intangible rights associated therewith, hereinafter referred to as the "Sign(s)") as may be desired by Lessee as well as an easement over the Premises for ingress and egress access to the Sign(s) for construction, maintenance and removal. Lessor agrees to execute all documents reasonably necessary for any governmental approvalrela te d to the construction, maintenance, removal and/orrelocation of the Sign(s) and/ortopermit Lessee to execute the name of Lessor as attorney - in -fact. Lessee may place on or attach to this instrument, subsequent to execution, a metes and bounds description of the location. The initial term of this Lease shall be month to month commencing on or before the lst day of January, 2022. Lessee shall pay monthly rent to Lessor in the amount of $457.59 payable in advance, with an annual2%increase beginning January 1 It of each year. Lessee shall have the option to renew this Lease on a month to month term. This Lease shall continue in full force on the same terms and conditions for a like successive period or periods. Said renewal term shall automatically go into effect unless either party shall give the other party written notice of non -renewal at least thirty (30) days prior to the expiration of the then current term. All structures, equipment and materials placed upon the premises by the Lessee or its predecessor shall remain the property of Lessee and must be removed by Lessee within fifteen (15) days of termination of this lease renewal. At the termination of this lease, Lessee agrees to restore the surface of the premises to its original condition. If the Sign(s)' location becomes obstructed so as to lessen the advertising value of any of Lessee's Sign(s) erected on said Premises, or if traffic is diverted or reduced, or if the use of any such Sign(s) is prevented or restricted by law, or if for any reason a building permit for erection or modification is refused, this Lease may be terminated, at the option of the Lessee, with no termination penalty or the rent reduced proportionately to the reduced economic benefit to Lessee while said condition exists. In any such events or by any other cancellations that are a part of this lease, Lessor shall refund pro-rata any prepaid rental for the unexpired term. Lessor agrees that no such obstruction insofar as the same is within Lessor's control will be permitted or allowed. Lessor authorizes Lessee to trim and cut whatever trees, bushes and brush, as it deems necessary for the unobstructed view of its advertising display Every Sign placed upon the Premises by or for the benefit of Lessee is a real estate fixture, which nevertheless remains at all times the property of the Lessee. Lessee may at any time modify, replace, remove or upgrade any part of each Sign or any or all Sign(s) in their entirety. Every Sign, including such necessary devices, structures, connections, supports and appurtenances, as well as permits, licenses, certificates of use, or rights of nonconforming use, is and shall remain the property of Lessee. If Lessee requires additional permits or approvals to conduct its business, Lessee has the right to, and Lessor's permission to, obtain the same and Lessor covenants and warrants that it shall cooperate fully with Lessee and shall execute all instruments necessary or appropriate in the matter. In the event all or any part of the Premises is condemned or sought to be condemned, Lessee shall be entitled, in its sole discretion, to one or more of the following: (a) to contest the condemnation; (b) to relocate its Sign(s) on the Premises not acquired; (c) to terminate this Lease with no termination penalty; (d) to receive compensation for the value of Lessee's leasehold interest and Sign(s) acquired and for the reduced value of Lessee's leasehold interest and Sign(s) not acquired (whether located on the Premises or not) which results from the acquisition; and, (e) to recover from the condemner to the maximum extent otherwise allowable by law. In the event that Lessee does not elect or is unable to complete option (b), then this Lease shall automatically convert into a ninety-nine (99) year ea cement to maintain the sign on the Premises, which may not be terminated by either the Lessor or the condemning authority. "Condemned" and "condemnation" shall be construed to include any transfer of possession, title or right relating to the Premises in favor of or for the benefit of any entity having the power of eminent domain, including, but not limited to, sale or lease. No right of termination set forth anywhere in this Lease may be exercised by or for the benefit of any entity having the power of eminent domain. Lessor warrants the title of said leasehold and quiet enjoyment of the Premises by Lessee for the term herein mentioned. Lessor warrants that it has authority to execute this Lease. Any notice ("Notice") to either Lessor or Lessee as required under this Lease, in order to be effective and deemed delivered, must be in writing and sent certified mail, return receipt requested, or via overnight delivery from a nationally recognized courier. Lessor grants unto Lessee the right to pay any taxes relating to the Premises in order to prevent a tax sale or to make any payments to prevent the foreclosure of any liens or encumbrances against the Premises or to redeem the Premises from same. In the event of payment of such taxes, liens or redemption by Lessee, Lessee shall be entitled to recover the amount of such taxes and other payments from Lessor, together with interest thereon at the lower interest rate of either twelve percent (12%) or the maximum rate allowed by law from the time of payment by Lessee until repayment thereof by Lessor. In the event Lessee prevents a foreclosure action or sale to satisfy liens or 217551v7 encumbrances on the Premises by any lien payment described above, or redeems the Premises therefrom, Lessee shall succeed to all of the rights and interest of the original lienholder. Lessee shall have the same rights as the original lienholder to initiate a foreclosure of the Premises to recover those payments made, to include Lessee's costs, expenses, fees and attorneys' fees. The remedies afforded by this paragraph shallnot be exclusive and shall be in addition to any and all otherremedies available to Lessee at law or in equity. This Lease is binding upon the heirs, successors and assigns of both Lessor and Lessee, with the exception of termination rights of Lessor set forth in this Lease or any addendum or subsequent amendment, which rights may only be exercised by the original Lessor (whose name is set forth at the top of this Lease) and not by or for the benefit of any entity with the power of eminent domain. Lessee shall have the absoluteright to assign its rights underthis Lease. It is expressly understood that neither the Lessor nor Lessee is bound by any stipulations, representations, or agreements not printed or written in this Lease. This Lease integrates all prior representations, agreements and negotiations between the parties. In the event any term or terms of this lease shall be deemed invalid or unenforceable, such clauses shall be severed from the lease and the remainder of the lease shall be enforceable according to its terms. In the event of any litigation related to or arising out of this Lease, the prevailing party shall be entitled to recover its reasonable and necessary attorneys' fees and costs; provided, however, that Lessee shall first be given written Notice of any default, as set forth herein, and shall have failed to cure such default within thirty (30) days of receipt of said Notice. This agreement shall inure to the benefit of and shall be binding upon the heirs, personal representatives, successors, and assigns of the parties hereto. Time is of the essence of this Lease and each of its terms. ACCEPTED AND APPROVED BY: LESSOR: City of Monticello (EDA) SIGNATURE: Lessor Address: 505 Walnut St. Suite 1 City, State,Zip code: Monticello, MN 55362 Date: Tax Identification Number: LESSOR STATE OF Minnesota ) :ss COUNTY OF Wright ) EXECUTED THIS DAY OF ,2021 LESSEE: ROA Rochester, LLC 3185 41ItNW, Suite 20 Rochester, MN 55901 0 Troy McEldowney, GM This record was acknowledged before me on _ _ _ by _ the _ of the City of Monticello, a Minnesota municipal corporation, that the foregoing instrument was signed on behalf of said corporation and pursuant to the authority granted by its City Council. Signature of Notary Public LESSEE STATE OF Minnesota ) :ss COUNTY OF _ ) This record was acknowledged before me on__ ,by Troy McEldowney, the General Manager of ROA Rochester, LLC, a Delaware limited liability company, dba Reagan Outdoor Advertising, that the foregoing instrument was signed on behalf of said corporation by authority of its by-laws, and said corporation executed the same. Signature of Notary Public 217551v7 'K ciry of -� Monticello October 18, 2019 Don Laubach Lamar Outdoor Advertising Company PO Box 865 St. Cloud, MN 56302 Mr. Laubach, PHONE:763-295-2711 FAx:763-295-4404 505 Walnut Street Suite 1 ' Monticello, MN 55362 Y:. COPY As per agreement, the city of Monticello is providing Lamar with notice of cancelation for leases #8022- 01, and #265-01. Lessee may renew Lease #8021-01 for additional one-year terms until notice of cancelation. The city will entertain shorter term leases with Lamar that allow for development as those opportunities arise. Please contact me if you have any questions regarding the above. Thank you, Wayne Oberg ■ Complete items 1, 2, and 3. Finance Director ■ Print your name and address on the reverse so that we can return the card to you. ■ Attach this card to the back of the mailpiece, or on the front if space permits. 1. Article Addressed to: Don Laubach 1 Lamar Outdoor Advertising Company PO Box 865 St. Cloud, MN 56302 A. Sign u X Agent / ❑Addressee B. Re ived by (Printe ame) C. Dat of D ivery 41M 1,41 j� 3115 D. Is delivery address different from item 1 ? ❑ Yes If YES, enter delivery address below: ❑ No 3. Service Type ❑ Priority Mail Express® I ❑Adult Signature ❑Registered MailTM ❑ Adult Signature Restricted Delivery ❑ Registered Mail Restricted ❑ Certified Mail® Delivery 9590 9403 0547 5173 5235 95 0 Certified Mail Restricted Delivery ❑ Return Re eipt for ❑ Collect on Delivery Merchandise 2. Article Number (Transfer from service label) ❑ Collect on Delivery Restricted Delivery ❑ Signature ConfirmationTM lail ❑ Signature Confirmation 7015 0640 0006 8928 2196 [ail Restricted Delivery Restricted Delivery aou0) PS Form 3811, April 2015 PSN 7530-02-000-9053 Domestic Return Receipt www.ci.monticello.mn.us �14 THE COMPANIES I VIYi i�'�el YI IY Lamar Co # 157 This Instrument Prepared'by¢ New James R. Mellwain XXX Renewal 5551 Corporate Boulevard 8022-01' Lease # Baton Rouge; Louisiana 70808 James R. McIlwain SIGN LOCATION LEASE THIS LEASE AGREEMENT, made this 6t' day of FEBRUARY, 2015, by and between: CITY OF MONTICELLO (hereinafter referred to as "Lessor") and THE LAMAR COMPANIES (hereinafter referred to as "Lessee"), provides. _ WITNESSETH , " °,LESSOR hereby leasesto LESSEE, it sucdessors or assigns, as`much of the hereinafter described lease premises' a's may be necessary for the construction, repair and relocation of an outdoor advertising structure ("sign"), including necessary structures, advertising devices, utility service, power poles, communications devices and connections, with the righi'of'access to and egress from the sign by LESSEE'S employees, contractors, agents and vehicles and the right to survey, post, illuminate and maintain advertisements on the sign, and to modify the sign to have'as many advertising faces, including changeable copy faces or electronic faces, as are allowed by local and state law, and to maintain telecommunications devices or other activities necessary or useful in LESSEE'S use of the sign. Any discrepancies or errors in the location and.orieniation.of_the sign are deemed waived by LESSOR upon LESSOR'S acceptance of the first rental payment due after the construction of the sign. The premises are a,portion of the! property located inithe County/Parish of WRIGHT. COUNTY State of MINNESOTA, more particularly described as: (CITY OF MONTICELLO) COUNTRY CLUB MANOR OUTLOT A —LOCATED ALONG INTERSTATE 94 (exhibit A)4,:.9 W/OF-JCT 25, AT. MM.192.40 TOWNSHIP 121N, RANGE 25W„SECTION 33 1. This Lease shall be for a term of FIVE (5) years commencing on the first day of the calendar month following the date of completion of construction of the sign, or, if this is a renewal Lease, the term and payments begin JANUARY 1, 2015 ("commencement date"). LESSEE may renew this Lease, for an additional one-year terms, on the same terms and conditions. Said renewal term shall automatically go into effect unless EITHER PARTY shall give to THE OTHER written notice of non -renewal at least sixty (60) days prior to the expiration of the original term. 2. LESSEE shall pay to LESSOR an. annual rental of TWO -THOUSAND FOUR -HUNDRED DOLLARS AND /00 ($2,400.00) Dollars or 20% of previous year's gross revenue whichever is greater, payable annually in advance in equal installments of TWO -THOUSAND FOUR -HUNDRED AND /00 ($2,400.00) each, and shall provide one advertising face on panel #20093 (exhibit-B), installation paid':6y16e LESSEE with the first installment due on the fast day of the month following commencement. Rent shall be considered tendered upon due mailing or attempted hand delivery during reasonable business hours at the address designated by LESSOR, whether or not actually received by LESSOR. Should LESSEE fail to pay rent or perform any other obligation under this lease within thirty (30) days after such performance is due, LESSEE will be in default under the lease. In the event of such default, LESSOR must give LESSEE written notice by certified mail and allow LESSEE thirty (30) days thereaferto cure any default. 3. LESSOR agrees not to erect or allow any other off -premise advertising structure(s), other than LESSEE'S, on property owned or controlled by LESSOR within five hundred (500) feet of LESSEE'S sign. LESSOR ' furtber agrees not to erect or allow any other obstruction of highway view or any vegetation that may obstruct the highway view of LESSEE'S sign. LESSEE is hereby authorized to remove any such other advertising structure, obstruction or vegetation of LESSEE'S option. 4. LESSEE may terminate this lease upon giving thirty (30) days written notice in the event that 'the sign becomes entirely or partially obstructed in any way or in LESSEE'S opinion the location becomes economically or otherwise undesirable. If LESSEE is prevented from constructing or maintaining a sign at the premises by reason of any final governmental law, regulation, subdivision or building restriction, order or other action, LESSEE may elect to terminate this lease. In the event of termination of this Lease prior to expiration, LESSOR will return to LESSEE any unearned rentals on a pro rata basis. 5. All structures, equipment and materials placed upon the premises by the LESSEE or its predecessor shall remain the property of LESSEE and may be removed by LESSEE at any time prior to or within a reasonable time after expiration of the term hereof or any renewal. At the termination of this lease, LESSEE agrees to restore the surface of the premises to its original condition. The LESSEE shall have the right to make any necessary applications with, and obtain permits from, governmental bodies for the construction and maintenance of LESSEE'S sign, at the sole discretion of LESSEE. All such permits and any nonconforming rights pertaining to the premises shall be the property of LESSEE. 6. LESSOR represents that he is the owner or lessee under written lease of the premises and has the right to make this agreement and to grant LESSEE free access to the premises to perform all acts necessary to exercise its rights pursuant to this lease. LESSOR is not aware of any recorded or unrecorded rights, servitudes, easements, subdivision or building restrictions, or agreements affecting the premises that prohibit the erection, posting, painting, illumination or maintenance of the sign. 7. In the event of any change of ownership of the property herein leased, LESSOR agrees to notify LESSEE promptly of the name, address, and phone number of the new owner, and LESSOR further agrees to give, the new owner formal written notice of the existence of this lease and to deliver a copy thereof to such new owner at or before closing. In the event that LESSEE assigns this lease, assignee will be fully obligated under this Lease and LESSEE will no longer be bound by the lease. This lease is binding upon the personal representatives, heirs, executors, successors, and assigns of both LESSEE and LESSOR. 8. Any condemnation award for LESSEE'S property shall accrue to LESSEE. 9. LESSEE agrees to indemnify LESSOR from all `blaims of injury and damages to LESSOR or third parties caused by the installation, operation, maintenance, or dismantling of LESSEE'S sign during the term of this lease. LESSEE further agrees to repair any damage to the premises orpropertyat the. premises resulting from the installation, operation, maintenance, or dismantling of the sign, less ordinary wear and tear. 10. LESSOR agrees to indemnify LESSEE from any and "all damages, liability, costs and expenses, including attorney's fees, resulting from any inaccuracy in or nonfulfillment of any representation, warranty or obligation of LESSOR herein. 11. If required by LESSEE, LESSOR will execute and acknowledge a memorandum of lease suitable for recordation. In addition to the foregoing, LESSOR authorizes and appoints" LESSEE as LESSOR's agent, representative, and attorney in fact for the limited purpose of executing on behalf of LESSOR such memorandum of lease and any amended memoranda of lease that are necessary or desirable to correct, amend, or supplement any matter set forth, in such memorandum., LESSOR further authorizes LESSEE to perform all acts that are incidental to or necessary for the.execution and recordation of such memorandum or memoranda. 12. This Lease is NOT BINDING UNTIL ACCEPTED by the General Manager of a Lamar Advertising Company. ADDITIONAL. TERM DURING THE TERMS OF THIS LEASE SHOULD LESSOR SELL OR DEVELOP PROPERTY. LESSOR MAY PROVIDE LESSEE ;AN ALTERNATIVE LOCATION TO REBUILD AT AN AGREED UPON LOCATION AT THE EXPENSE OF THE LESSEE. THE LAMARCOM(P�ANIE LESSEE: BY: ' V. D DEV.ORE, VP/GENERAL,MANAGER DATE: E / H / 2-0 )s Address of LESSEE: PO. BOX 865 ST. CLOUD, MN 56302 Witnesses (LESSEE) LESSOR-'; CITY OF MONT LLO BY: MAYOR BY: ADMINISTRATOR DATE:: `i l z; f J z u r S 763271-3211,1, LES,SOR'S,TELEPHONE NUMBER 1. 41-60005385, LESSOR'S SOCIAL SECURITY NUMBER { EMPLOYER IDENTIFICATION NUMBER 155-o;g--govJlo Tax ID Parcel #.(for land on which sign is located) Address of LESSOR: 505 WALNUT STREET MONTICELLO, MN 55362 COMPANIES Lamar Co #.157 This Instrument Prepared by: New James R. McIlwain XXXRenewal 5551 Corporate Boulevard 265-01 Lease # Baton Rouge, Louisiana 70808 ' James R. McIlwain SIGN LOCATION LEASE THIS LEASE AGREEMENT, made this 61h day of FEBRUARY 2015, by and between: CITY OF MONTICELLO. (hereinafter referred to as "Lessor") and THE LAMAR COMPANIES (hereinafter referred to as "Lessee"), WITNESSETH "LESSOR hereby leases to LESSEE, it successors or assigns, as much of the hereinaftei described` lease premises as may be necessary for the'constiuction, repair and relocation of an outdoor advertising structure ("sign"), including necessary structures, advertising devices, utility service, power poles, communications devices and connection's, with'the right' of access to and egress from the sign by LESSEE'S employees, contractors; agents and vehicles and the right to survey, post, illuminate and maintain advertisements on the sign, and to modify the sign to have as many advertising faces, includitig'changeable copy faces or electronic faces, as are allowed by local and state law, and to maintain telecommunications devices' or other activities necessary or useful in LESSEE'S use of the sign. Any discrepancies or errors in the location and orientation of the sign are deemed'waived by LESSOR upon LESSOR'S acceptance of the fast rental' payment due after the construction of the sign. The premises are a portion of the property located in the County/Parish of WRIGHT COUNTY, State of MINNESOTA, more particularly described as: (CITY OF MONTICELLO) SIGN SITE LOCATION ALONG INTERSTATE 94 (exhibit A) 1 MLNW/O JCT HWY 25: OUTLOT A, COUNTRY CLUB MANOR, STATE PERMIT NUMBER: 4567, PIN#155-033 900010 " 1. This Lease shall be fora term of FIVE (5j years commencing on the fast day of the calendar month following the date of completion of construction of the sign, or, if this is a renewal Lease, the term and payments begin January 1, 2015 ("commencement date"). LESSEE may renew this Lease, for an additional one-year terms, on the same terms and conditions. Said renewal term shall automatically go .into effect, unless EITHER PARTY shall give to THE OTHER written notice of non -renewal at least sixty (60) days prior to the expiration of the original term. 2. LESSEE shall.pay to LES$OR,an annual rental of TWO -THOUSAND FOUR -HUNDRED DOLLARS AND /00 ($2,400.00) Dollars or,20% of previous year's gross revenue whichever is greater, payable annually in advance in equal installments of TWO -THOUSAND FOUR -HUNDRED AND /00 ($2,400.00) each, with the first installment due on the first day of the month following commencentent.iRent shall be considered tendered upon due mailing or attempted hand delivery during reasonable,; business hours, at the address -designated by LESSOR, whether or not actually received by LESSOR. Should LESSEE fail to pay rent or perform any other obligation under this lease within thirty (30) days after such performance is due, LESSEE will be in default under the lease. In the event of such default, LESSOR must give LESSEE written notice by certified mail and allow LESSEE, thirty (30) days thereafter to cure any default. 3. LESSOR agrees not twerect or: allow/4dy7other off -premise advertising structure(s), other than LESSEEN,ion property owned or controlled by LESSOR within five hundred (500) feet of LESSEE'S sign. LESSOR further agrees, not to erect or allow any other obstruction of highway view or any vegetation that may obstruct the highway view of LESSEE'S sign. LESSEE is hereby authorized'to remove any such other advertising structure, obstruction or vegetation at LESSEE'S option. 4. LESSEE may terminate this lease upon giving thirty (30) days written notice in the event that the sign becomes entirely or partially obstructed in any way or in LESSEE'S opinion the location becomes economically or otherwise undesirable. If LESSEE is prevented from constructing or maintaining a sign at the premises by reason of any final governmental law, regulation, subdivision or building restriction, order or other action, LESSEE may elect 10 terminate this lease. In the event of termination of this Lease prior to expiration, LESSOR will return to LESSEE any unearned rentals on a pro rata basis. 5. All structures, equipment and materials placed upon the premises by the LESSEE or its predecessor shall remain the property of LESSEE and may be removed by LESSEE at any time prior to or within a reasonable time after expiration of the term hereof or any renewal. At the termination of this lease, LESSEE agrees to restore the surface of the premises to its original condition. The LESSEE shall have the right to make any necessary applications with, and obtain permits from, governmental bodies for the construction and maintenance of LESSEE'S sign, at the sole discretion of LESSEE. All such permits and any nonconforming rights pertaining to the premises shall be the property of LESSEE. 6. LESSOR represents that he is the owner or lessee under written lease of the premises and has the right to make this agreement and to grant LESSEE free access to the premises to perform all acts necessary to exercise its rights pursuant to this lease. LESSOR is not aware of any recorded or unrecorded rights, servitudes, easements, subdivision or building restrictions, or agreements affecting the .premises that prohibit the erection, posting, painting, illumination or maintenance of the sign. 7. In the event of any change of ownership of the property herein leased, LESSOR, agrees to,notify LESSEE promptly of the name, address, and phone number of the new owner, and LESSOR further agrees to give the new owner formal written notice of the existence of this lease and to deliver a copy thereof to such new owner at or before closing. In the event that LESSEE assigns this lease, assignee will be fully obligated under this Lease and LESSEE will no longer be bound by the lease. This lease is binding upon the personal representatives, heirs, executors, successors, and assigns of both LESSEE and LESSOR. 8. In the event of condemnation of the subject premises or any part thereof by proper authorities, or relocation of the highway, the LESSOR grants to the LESSEE,the°right to:ielocate imsig©"on LESSOR'S remaining property adjoining the condemned property or the relocated highway. Any condemnation award for LESSEE'S property shall accrue to LESSEE. 9. LESSEE agrees to indemnify LESSOR from all claims of injury and damages to LESSOR or third parties caused by the installation, operation, maintenance, or dismantling„ of. LESSEE'S. sign_ during the term of this lease. LESSEE further agrees to repair any damage to the premises^or propery arthe premises resulting from the installation, operation, maintenance, or dismantling of the sign, less ordinary wear and tear. 10. LESSOR agrees to indemnify LESSEE from any and all damages, liability, costs and expenses, including attorney's fees, resulting from any inaccuracy in or nonfulfillment ofany representation, warranty or obligation of LESSOR herein. 11. If required by, LESSEE, LESSOR will execute. and acknowledge, a, memorandum of lease suitable for recordation. In addition to the foregoing,, LESSOR authorizes and appoints LESSEE as LESSOR's agent, representative, and.attotney.in fact for the limited purpose of executing on behalf of LESSOR such memorandum of lease and any amended, memoranda of lease that, are necessary, or desirable to correct, amend, or supplement any matterset forth in such memorandum. LESSOR further authorizes LESSEE to .perform all acts:,that, are incidental. to or necessary for the execution and recordation of such memorandum or memoranda. 12. This Lease is NOT BINDING UNTIL ACCEPTED by the General Manager of a Lamar Advertising Company THE LrA COMP" ANIE&.LESSEE: BY: MARK D. DEVORE, VP/GENERAL MANAGER DATE: J / I / LQ IS Address of LESSEE: LESSOR C �FCELLO BY:-_ MAYOR BY: Cl CITY ADMINISTRATOR DATE: Lf l 2 5 / 2 v i 76X271-3211 LESSOR'S TELEPHONE MJNMER 41-60005385 LESSOR'S SOCIAL SECURITY NUNMERd EMPLOYER IDENTIFICATION NUMBER" 155033110010 Tax ID Parcel # (for land on which sign is located) Address of LESSOR:' 505 •WALNUT STREET MONTICELLO, MN 55362' Witnesses (LESSOR) . 04/28/2008 22:13 IFA% ncifa0magicmeaiainc.net Carol Bennett 0002/004 MAGIC MEDIA INC. RE..A1, ESTATE LEASE Agreement of lease made this 1" day of.Tanuary 2006 by and between: MAGIC MEDIA REAL P:ST.CI'E, LLCof 1734 1 i" Street NW. Suite i ,. Rochester, NIN 55901. I'hone (ti00)'_$'_-6+SG, hereafter retetred u1 as Lessee and: CITY OF-NIONTWELLO HOUSING AUTHORITY of?0i Witter Surd. Suite Jt. Mtnticello. h9N SS?o: hercalicr referred to an Lessor. I.ccsor leases to Lessee and Lcs,cc leases from Lessor Ili., htllmving described :eii estatc: A portion of lout largo enough to maintain an outdoor advertising struclure containing two faces located along: 194/11 mile%west/JC9' HWY 2i/S10694iyR NiI'&F in the niv or County or Wriehh ShdcnrMN. It is agreed that the intent of the Ixssec is to lease the I-essur's land and maintain fill advertisin billboard(,). IL is agreed thin this instrmnent is to act as a lease not .1 license and that file hillboard(s) will al+cnn ys remai the personal property ul'thc Lessee. II is also agreed that the llillnwin teens will apply in and be a p;al of this lease: I. The Icalw will he for a period of t (line) years beginning on 1/1/2006. Lessee has the right It' roncw !!tis !roc: a! !l:r end al the tits! !v: rit.! of y<aN ror fir. addiuor.:! lily perm.•6 n!'years nu the cur.: terms and for the same Imise rental. "Phis lense will then automatically renew itwlr form year to year unless otherwise terminated by either tinny at least 3(t (shiny) days prior to the anniversary date of this lease its writing. The rental I'm Ibis Tense will he $7,000.00 (Seven Thousand Dollar Per yenr). This mnount will he paid in Domed 1113talhllenti Lessor agrees to nulill I.essce in writing ofam. delinquencies in rental insullnlcnts, and agrees to grant at leas) it lhiJIV 00) clay --race. period for Lessee to correct said dclinyucncies. The grace period will begin fin the dale (if receipt of notification by Lessee. 3. I-essee has the right In ilhuninutc said hillboard(s):n it., discretion and Lessor gtnnts;m casement and it right In Lessee to nm :my wire above or helow g ound III necnnlplixh illutmnation. d. Lc„fir gives Le,c;e the right ul' ingress and egress Over the property of the Lcsu+r whether [eased fir not in order to erect undiur scr rice slid billboard(s). i. Lcsar has the rigbl to remove any growth fir Obstructions that hinder the view of said hillhnardl;s I. Ren1OV31 is done in I.essnr s ex{xnse if placed on Lcssnr', property subsequent If, the date or this Icasc. 6. Lessor warrants he/she is the agent/owner ol'thc herein described real estate :ntd that ibis real Cslate is Ircc Ii'am any leeal :trrutgcments that filmy in arc way prevent the Lessee from erecting, and/Or servicing said hillbonrd(s). 7. In the event (Ile Lessee is ever prevented by ally govemmental body or anyone Imving jurisdiction, or contrai over him Peon, m:tintnining said hil0anml(s). or irthe real cswic loses its value as it place for outdoor advertising purposes. the Lessee has the right to terminate this lutse by giving, the L,esutr thirty (30) days written notice of terlttinminn. R. Tlnr rights hereunder fire otimu(atire -'fill inure m the bcnehl of;md hind he ponies herout. their heirs. assigns, fir succcssolx in interest. The Lessor ag Cos that Lcsscu stay assign or ,ubkt l.uscc s interest harcmnder willtout Lhc consent or Lessor. LL1+FF: fit nnL't. It PLt 1re W"s 04/29/2008 22:20 IFAX no1fax@magicmae1ainc.6et Carol Bennett E6003/004 It is:r, rcQJ thal neither the I egmir situ the Lessee is bound by atny .slipul:U ions, feprescntativus ur ❑lrcemcntsa not ctnhndic don llli% luas I ll. Special Provisions: Ax". csculntq'npplics each rancwal year unlace (case is terminated h% ailhcr purly. Accepted and Agreed by LESSOR: Accepted and Almvd by I:F"SLr: MAGIC•:.MED1A REAL E.STATI'.I.i.C. A Suki.9iary ol• M;Igic Media. Inc. rGrr TcN lit' ._..._.. Phoncjr_762 SS/pcd [DW Name: �• US� LLNr\io9 sit 11•1 M.1e 1- "'HMN „( R 04/28/2006 22:20 IFAX ncifaxUagichediainc'.n?t Carol Bennett ®002/004 MAGIC MEDIA INC. REAL P:S•1WrE LEASE :Agreement of Icase made Ihis 1" Jac of.fanuary 2106 ha and beL,veen: n•IAGIC MISDIA REAL ESTATE, LLC of 1734 10' Street NW. Suite 14.1. Rochester. MN i.,;901. Phonc (800) ?83-086. hereafter referred In as Lessee and: CITY OF NIONTICELLO HOUSING AUTHORITY ul'SIU W'atnul Street. Suite li I. Monticello. MN ?5a612 hereafter referred to as Lessor. lessor leases it, Lessee and Lessee leases front I.essot Ill.. following described real eslnte: A portion ofland forge enough to inai stain an outdoor advertising sirucuire containing two faces Incuted :dung: 1 94/1 2 miles must/.IC"1' tll�lr 2.5/ti 1116941C; in Lhe City of h'lanlicello• (booty of �'riehC titatr fu NIN- It is agreed that the intent ol'thc Lessee is to Icasc the Lessor's loud and maintain sn advertising hillbuard(s). It is agreed that Ibis instrument is W net as a le.tsc uo( a license and that the billboard(s) will always remain the pccsonal property ul the Lessee. 11 is:dso agreed that the following Icons will apply in onrd be a part of this (case: I. The lease will he fur a period of I lone) rears bcgiuning on i/U2006. Lessee has the right Ill knew this lease it the cud of the First period of years tinall additional like period of years on the vane Icrnl3 and fill. ;he smut lease rental. This tease will Then autwnaiicaity renew itself IiOn1 year !uygar unless othcrwisc terminated by oithcr party a1 last at Uhirtyl days prior to the anniversary dote of this lease in writing. i The rcutal li,r this lease will be S4.000.110 (Four Thunsand Dollar Pcr year). 'I his amount will he paid in annual installments. Lessor au'ees to uolil'y Lessee in writing of any delinquencies in rental III�IilIhllenlS, and agnlei to guild at Ic-ast a thirty (�O) day gntee period Iklr I.essee to correct said delinquuleics. The -,race period will begin on lho data of reccipl olnotification by Lessee. Lessee. has the riuhi to illuminate wit billhourdls) at its diserclinn and Lessor grmiLs an easement :md a right at Lesser to run any wirc above or helow,ruond In accomplish illuntinaLiun. 4- Lessor Lives I assee the right of ingress and c;grcgs over the property of the Lessor whether leased or not in order to erect antL'or service said billlwnrd(sh i. Lessee h;us Lhc right to remove :uw growth or obstruclions that hiudcr the view olsaid billbourd(s). Removal is duuc it Lessor's expense if placed on I.assor's property subsequent to the date of this lease. 6. Lessor warranu, helshc is the agent/owner of LIIC herein described real estate and Ilia[ this mat estate is lire from any legal afraligetl,L'lill ittal Itlilf 111 aI1V way pi'cvent the Lcs+cr from crrclinp ;old/nr scrvlcing said billhnard(s). 7. In the event the Lessee is ever 1,xvanted by any governmental hody or anyone having jurisdiction. or control over hint (runt maintaining said hillbnard(sL or if tic real estate loses its value as a place lief' outdoor adverlisiitg purpose.. the Lessee hat; the right to terminale this lease by giving the Lcssur (hiriv (30) days wriuco notice of Iernlina till". ti. The rights hereunder are cuumlativc and inure to the bcncfit of to d hind the parties herein. (heir heirs. assigns, ar successors in interest. The Lessor agrees Ihnt I ssscc may assign or sublet I xssw's interest hereunder witmlu the. consent of Lessor. e. It is agreed Thal ncilher (he Lessor nor the Lessee is bound by ally +tipulatious. representations or agrccrnonis not embodied in this lease. 04/28/2008 22,20 IFAX ncifax@maqicmed,iainc. - n e.t Carol Bennett 0 0 3 / 0 0 4 a ly. E. 7 - /X� IQ. special PlkwkiIIIIN: :94 esculatorapplics each renewal ca:+r unIc,, lease is terminated by cifficl. parly. Accepted mid Agreed by LESSOR: Z_—) a/r� //V SS/Fed HO Accepicd and AgreW by LFS,'kE: MAGIC NIHAA REA1, F ' S I A 11. 1.1,C, A Made MCLIki, 51C. � JOV 46e (�Nl Nit 0 C- 4-0 co JAG No delinquent taxes Ptid tramfcr entered; Certificate of Real E Aate Valise � filed (Xno+: required Certificate of Real E Eate rAaIL i*t7. &�� J ''t.- L" _ i1 .Wright County Auditor Quit Claim Deed STATE DEED TAX DUE HEREON: $1.65 The total consideration for this transaction is $500.00 or less. Date: L G"], D Doc_ No. A 1080161 OFFICE OF THE COUNTY RECORDER FIGHT COUNTY, MINNESOTA Certified Filed and/or Recorded on 02-21-2008 at 0315 5 Check #: Fee: $ 4&00 Payment Code 04 Addi. Fee Larry A. Unger, County Recorder FOR VALUABLE CONSIDERATION, Housing and Redevelopment Authority in and for the City of Monticello, a public body corporate and politic under the laws of the State of Minnesota, Grantor, hereby conveys and quitclaims to the City of Monticello Economic Development Authority, a public body corporate and politic under the laves of the State of Minnesota, Grantee, real property in Wright County, Minnesota, described as follows: Outlot A, Country Club Manor, City of Monticello, Wright County, Minnesota. (if more space is needed, continue on back) together with all hereditaments and appurtenances. Reservations, restrictions and easements of record, if any. County of Wright Deed Tax $ _ f , (p S Ag Fee $ G , op Rec-93O dal Date: a1-og 325979v1 JMP MN190-130 HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO By G*� Its Secretary By Its hairperson STATE OF MINNESOTA S&: COUNTY OF WRIGHT The foregoing w acknowledged before me this day o , 2009, by and/, f , the secretary and chairperson f the Housing and Redevelo ment A hority of Monticello, a body politic and corporate under the laws of the State of Minnesota, on behalf of the authority, Grantor. , !f � NOTARIAL STAMP OR SEAL (OR OTHER TITLE OR RAID PATRICIA K. KOVICH NOTARY PUBLIC - MINNESOTA My Commission Expires Jan. 31. 2010 This instrument drafted by: Kennedy & Graven, Chartered 470 U. S. Bank Plaza 200 South Sixth Street Minneapolis, MN 55402 325979vI .IMP MN190-130 '-1 rkii i Check here if part or all of the land is Registered (Torrens) 0 Tax Statements for the real property described in this instrument should be sent to (include name and address of Grantee): City of Monticello Economic Development Authority 505 Walnut Avenue, Suite 1 Monticello, MN 55362-8822 0 EDA: 11 / 10/21 5. Consideration of Adopting Resolution #2021-13 Authorizing Entering into a Purchase Agreement with KC & the Boys, LLC for Acquisition of Real Property Located at 113 West Broadway in the Amount of $528,000 (JT) A. REFERENCE AND BACKGROUND: The EDA is being asked to consider adopting Resolution #2021-13 authorizing entering into a purchase agreement with KC & the Boys, LLC for real property located at 113 West Broadway. The property is located in Block 52 which is the focus of the EDA's downtown redevelopment efforts. This parcel is located in the middle of the Block and is crucial to a successful redevelopment effort in Block 52. With the purchase of the 8,552 square foot property, the EDA will have contiguous parcels fronting on Broadway allowing a redevelopment footprint with viable potential commercial space. Like previous purchases of property in Block 52, this parcel has an older, economically obsolete building with an inefficient floor plate. The 4,896 square foot building was constructed in 1940. The 2021 County assessed valuation of the parcel is $259,000 or $30.29 per square foot. Per the Downtown Small Area Study, adopted by the EDA and City Council in late 2017, Block 52 was recommended as a realistic consideration of the EDA's redevelopment efforts. The Study cited the proximity to West Bridge Park, an attractive river park amenity in the community, as a key factor in pursuing mixed -use, multi -family residential and commercial redevelopment in quarter or half block scale projects. The fact that the City and EDA already owned land parcels in Block 52 was also noted as an advantage in potential land assembly steps. The City parcel in the northwest corner of Block 52 has been used as a public parking lot for many years. Since early 2017, the EDA has been able to acquire several other parcels in the Block. As of today, the City and EDA, combined, own a total of 81,984.77 square feet or approximately 76 percent of the Block 52 land area. With the purchase of 113 West Broadway, the City-EDA owned land area will increase to 90,536.69 square feet or 83 percent of the Block. Key terms of the proposed purchase agreement are noted below: 1. Purchase price = $528,000 (price = $61.74/sq. ft. [$528,000/8,552 square feet]) 2. Earnest money deposit = $5,000 3. EDA purchase of property = "as is, where is"; (building will be demolished as part of future redevelopment efforts) 4. Seller waives all rights to relocation benefits under the Federal Uniform Relocation Act (URA) 5. Seller is also the principal owner of Preferred Title which will enter into a lease and management agreement at the rate of $0/month through May 15, 2022, or longer if mutually agreeable to Seller and EDA 6. Tenant, Elevated Wellness, is also located in a 1,974 square foot suite; EDA to be assigned the existing month -to -month lease Contract; per the Contract all rental receipts ($1,200/month) go to the EDA, effective upon transaction closing date EDA: 11/10/21 7. EDA to offer Relocation Benefits to Preferred Title and Elevated Wellness, as required under the Federal URA 8. Seller pays typical "Seller" title commitment and transaction closing costs (Section 11, page 6) 9. Closing to occur on or before December 31, 2021 In the Block 52 land assembly efforts, the EDA has engaged WSB as its relocation consultant. WSB has been actively engaged in the process with this and previous land purchases regarding conformance to URA requirements. As part of the typical land purchase steps by the EDA, the Planning Commission is required, by State Statute, to hold a public hearing and consider whether the EDA's acquisition of the property conforms to the comprehensive plan. If the EDA approves acquiring the KC & the Boys, LLC property, it will be contingent on the Planning Commission's findings of such conformity. The Planning Commission will hold the public hearing and consider findings of conformity at its December 7, 2021, meeting. Also to be noted is that the Property Lease and Management Agreement which is attached as Exhibit C may not be in the final form since the seller's legal counsel is still reviewing it and may make minor changes. In the acquisition consideration process, the EDA should establish a public purpose when purchasing property. Revitalization and economic development objectives are identified as the public purpose goals in the attached approval resolution (Section 1.04). While the EDA has entered into a Preliminary Development Agreement (PDA) with Deephaven Development, LLC, to bring forward a mixed -use development format in Block 52, the exact timeline of any redevelopment activities is not yet determined. Al. STAFF IMPACT: In house and consultant staff time involved in considering approving the purchase of the property is estimated to be approximately 46 hours +/-. The tasks include negotiation discussions, process steps identification by staff, reviewing potential funding sources, drafting -reviewing -revising the purchase agreement and preparation of the EDA report and the actual EDA meeting time. No other staff are needed to complete the property purchase work tasks. A2. BUDGET IMPACT: The budget impact from considering approving the purchase of the KC & the Boys, LLC property is to the EDA General Fund and/or the restricted "Available TIF Dollars" program Funds. The total outlays for the acquisition of the real property consist of the purchase price of $528,000 plus the closing fees estimated to be approximately $3,000 +/-. Legal fees will be billed at the conclusion of the purchase and are estimated to be in a range of $2,200 to $2,500 +/-. Additionally, associated relocation costs to be incurred in 2022 are estimated at least $125,000. The EDA has previously reviewed available funding sources for the property purchases in budget workshop discussions. 2 EDA: 11/10/21 B. ALTERNATIVE ACTIONS: 1. Motion to approve Resolution #2021-13 authorizing entering into a Purchase Agreement for the acquisition of real property located at 113 West Broadway in the amount of $528,000 for the purpose of Block 52 revitalization efforts, contingent on Planning Commission review for conformity with the Comprehensive Plan. 2. Motion to table consideration of Adopting Resolution #2021-13 for further research and/or discussion. C. STAFF RECOMMENDATION: Staff recommends Alternative #1. Purchasing the KC & the Boys, LLC parcel is a crucial step to allow the EDA to pursue a meaningful redevelopment in Block 52. The EDA has been taking modest steps for approximately 4 years to implement the Small Area Study vision for the Downtown area. The Downtown Small Area Study Implementation Steps Summary identified acquisition of the Block 52 properties as important/critical goals (Exhibit E). Block 52 is a prime redevelopment area due to its proximity to West Bridge Park and because the City and EDA, combined, currently own approximately 76 percent of the Block. By consolidating additional land area under the EDA umbrella, it will allow a more scalable and meaningful redevelopment proposal to be concepted and presented for future consideration. The EDA's offer price of $528,000 is equal to $61.74 per square foot. The proposed price is a 51 percent premium to the taxable value. The price reflects the strategic location of the parcel in Block 52 as it relates to the EDA's overall redevelopment objectives. Negotiated prices for previous EDA property acquisitions (including relocation costs) in Block 52 have ranged from $33.00 to $70.00 per square foot over the past few years. D. SUPPORTING DATA: a. Resolution #2021-13 b. Purchase Agreement c. Property Management and Lease Agreement d. Block 52 Aerial Photo e. Small Area Study Perspective Illustration f. Downtown Small Area Study Implementation Summary EDA RESOLUTION NO. 2021-13 RESOLUTION APPROVING PURCHASE AGREEMENT FOR THE ACQUISITION OF 113 WEST BROADWAY STREET BY THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY BE IT RESOLVED BY the Board of Commissioners of the City of Monticello Economic Development Authority (the "Authority") as follows: Section 1. Recitals. 1.01. The Authority and KC & the Boys, LLC (the "Seller"), desire to enter into a purchase agreement (the "Purchase Agreement") pursuant to which the Authority will acquire certain property located at 113 West Broadway Street (the "Property") in the City of Monticello (the "City") from the Seller for economic development purposes related to the revitalization of the downtown area. The Property is described in Exhibit A attached hereto. 1.02. Pursuant to the Purchase Agreement, the Authority will purchase the Property from the Seller for a total purchase price of $528,000 plus related closing costs. 1.03. Pursuant to Minnesota Statutes, Section 462.356, subd. 2, the Planning Commission of the City will meet on December 7, 2021, to review the proposed acquisition and its conformity to the City's Comprehensive Plan (the "Comprehensive Plan"). 1.04. Subject to the Planning Commission's formal finding, the Authority finds that acquisition of the Property conforms to the Comprehensive Plan and further finds that such acquisition conforms to the City's downtown small area plan, as approved by the City and Authority, and will facilitate the economic development and revitalization of this portion of the downtown area of the City by allowing the Authority to convey the Property to a private developer for the construction of a mixed -use rental housing and retail facility. Section 2. Purchase Agreement Approved. 2.01. The Authority hereby approves the Purchase Agreement in substantially the form presented to the Authority, subject to the required finding by the Planning Commission that the acquisition conforms to the Comprehensive Plan, and further subject to modifications that do not alter the substance of the transaction and that are approved by the President and Executive Director, provided that execution of the Purchase Agreement by those officials shall be conclusive evidence of their approval. 2.02. Authority staff and officials are authorized to take all actions necessary to perform the Authority's obligations under the Purchase Agreement as a whole, including without limitation execution of any documents to which the Authority is a party referenced in or attached 1 MN325\45\756523.v3 to the Purchase Agreement, and any other documents necessary to acquire the Property from the Seller, all as described in the Purchase Agreement. Approved this 10' day of November, 2021 by the Board of Commissioners of the City of Monticello Economic Development Authority. President ATTEST: Executive Director MN325\45\756523.v3 EXHIBIT A Legal Description of ProppM Lot 6 and the East 18 feet and 10 inches of Lot 5 in Block 52 in the Town or Townsite of Monticello, according to the plat by John 0. Haven of record. (That part of Lot 5 being more particularly described as follows: Begin at the Southerly point of said Lot S; thence Northwesterly along the Southwesterly side of said Lot 5, 18 feet, 10 inches; thence Northeasterly and parallel to the Southeasterly side of said Lot 5 to the Northeasterly line of said Lot 5; thence Southeasterly 18 feet, 10 inches to the most Easterly point of said Lot 5; thence Southwesterly to the point of beginning. Excepting therefrom: Those parts of Lots 5 and 6, Block 52, Monticello, according to the recorded plat thereof, Wright County, Minnesota described as follows: Commencing at the most easterly corner of said Lot 6; thence on an assumed bearing of North 64 degrees 58 minutes 26 seconds West along the northeasterly line of said Lot 6 a distance of 3.06 feet to an outside building line being the point of beginning of the land to be described; thence South 24 degrees 18 minutes 51 seconds West along said outside building line, a distance of 0.27 feet to a building corner; thence North 65 degrees 40 minutes 10 seconds West along said outside building line, a distance of 44.00 feet to a building corner; thence North 24 degrees 18 minutes 51 seconds East along said outside building line, a distance of 0.81 feet to the northeasterly line of said Lot 5; thence South 64 degrees 58 minutes 26 seconds East along said northeasterly line of said Lots 5 and 6, a distance of 44.00 feet to the point of beginning. 113 West Broadway, Monticello, MN 55362 MN325\45\756523.v3 PURCHASE AGREEMENT 113 West Broadway, Monticello, Minnesota This Purchase Agreement ("Agreement") is made this _ day of November, 2021, by and between KC & the Boys, LLC, a Minnesota limited liability company ("Seller") and the City of Monticello Economic Development Authority, a public body politic and corporate under the laws of the State of Minnesota ("Buyer"). 1. PROPERTY. Seller is the owner of property located at 113 West Broadway Street in the City of Monticello, Minnesota, which is legally described on the attached Exhibit A ("Property"). 2. OFFER/ACCEPTANCE. In consideration of and subject to the terms and provisions of this Agreement, Buyer offers and agrees to purchase, and Seller agrees to sell and hereby grants to Buyer the exclusive right to purchase the Property and all improvements thereon, together with all appurtenances. All fixtures located on the Property on the date of this Agreement are included in the purchase of the Property. Personal property is not included in the sale of the Property. 3. PURCHASE PRICE FOR PROPERTY AND TERMS. a. PURCHASE PRICE: The total purchase price for the Property, representing the fair market value of the Property plus any compensation attributable to Seller's relocation benefits pursuant to paragraph 18 hereof, is: Five Hundred Twenty - Eight Thousand and 00/100ths Dollars ($528,000.00) ("Purchase Price"). b. TERMS: 1. EARNEST MONEY: Earnest money in the amount of Five Thousand and no/100 Dollars ($5,000) (the "Earnest Money") shall be deposited by Buyer into escrow with Old Republic Title Insurance Company ("Title") within five business days after this Agreement has been executed by both parties. The Earnest Money is refundable to the extent provided herein. 2. BALANCE DUE SELLER: Buyer agrees to pay the Purchase Price to the Seller by check or wire transfer on the Closing Date (defined hereafter) according to the terms of this Agreement. 3. DEED/MARKETABLE TITLE: Subject to performance by Buyer, Seller agrees to execute and deliver to Buyer a Warranty Deed conveying marketable fee simple title to the Property, free and clear of any mortgages, liens or encumbrances other than matters created by or acceptable to Buyer, subject only to the following exceptions: Building and zoning laws, ordinances, state and federal regulations; 1 MN325\45\704028.v4 ii. Reservation of minerals or mineral rights to the State of Minnesota, if any; and iii. Public utility and drainage easements of record which will not interfere with Buyer's intended use of the Property. 4. DOCUMENTS TO BE DELIVERED AT CLOSING BY SELLER. In addition to the Warranty Deed required at paragraph 3.b.3. above, Seller shall deliver to Buyer at closing: a. An affidavit from Seller sufficient to remove any exception in Buyer's policy of title insurance for mechanics' and materialmens' liens and rights of parties in possession; b. A "bring -down" certificate, certifying that all of the warranties made by Seller in this Agreement remain true as of the Closing Date; C. Affidavit of Seller confirming that Seller is not a foreign person within the meaning of Section 1445 of the Internal Revenue Code; d. Well disclosure certification, if required, or, if there is no well on the Property, the Warranty Deed given pursuant to paragraph 3.b.3. above must include the following statement: "The Seller certifies that the Seller does not know of any wells on the described real property;" e. Any notices, certificates, and affidavits regarding any private sewage systems, underground storage tanks, and environmental conditions as may be required by state or federal statutes, rules or regulations; and f. Any other documents reasonably required by Title (as defined in paragraph 6) or attorney to evidence that title to the Property is marketable and that Seller has complied with the terms of this Purchase Agreement. 5. CONTINGENCIES. Buyer's obligation to purchase the Property is contingent upon the following: a. Approval of this Purchase Agreement by Buyer's governing body; b. Written findings by the Planning Commission of the City of Monticello that the acquisition of the Property conforms to the City Comprehensive Plan; C. Buyer conducting environmental investigations on the Property and receiving reports that are satisfactory to Buyer; and d. Buyer's determination of marketable title pursuant to paragraph 6 of this Agreement. 2 MN325\45\704028.v4 Buyer shall have thirty (30) days from the date of approval of this Agreement by the Buyer to remove or waive the foregoing contingencies (the "Due Diligence Period"). These contingencies are solely for the benefit of Buyer and may be waived by Buyer. If Buyer or its attorney gives written notice to Seller that all contingencies are duly satisfied or waived, Buyer and Seller shall proceed to close the transaction as contemplated herein. If one or more of the contingencies is not satisfied, or is not satisfied within the Due Diligence Period, and is not waived by Buyer, this Agreement shall thereupon be void at the written option of Buyer, Buyer and Seller shall execute and deliver to each other documentation effecting the termination of this Agreement, and the Earnest Money shall be refunded to Buyer in full. Buyer shall also deliver to Seller copies of all documentation gathered during the Due Diligence Period, including without limitation all survey, environmental or soil tests. 6. TITLE EXAMINATION/CURING TITLE DEFECTS. Buyer will, at its expense, obtain a commitment for title insurance ("Commitment") for the Property from Title. Buyer shall have ten business days after the later of execution in full of this Purchase Agreement or receipt of the Commitment to examine the Commitment and to deliver written objections to title, if any, to Seller, or Buyer's right to do so shall be deemed waived. Seller shall have until the end of the Due Diligence Period (or such later date as the parties may agree upon) to make title marketable, at Seller's cost. In the event that title to the Property cannot be made marketable or is not made marketable by Seller within the Due Diligence Period, then this Agreement may be terminated at the option of Buyer. 7. ENVIRONMENTAL INVESTIGATIONS. Buyer acknowledges that it has been authorized by Seller to enter the Property and conduct environmental investigations of the Property. Seller shall provide to Buyer any environmental reports or information concerning the Property in Seller's possession at the time of execution of this Agreement. Buyer hereby agrees to indemnify and hold Seller harmless from and against any and all losses, claims, causes of action, liabilities and costs of defense incurred by Seller arising out of the actions of Buyer, its agents, employees, contractors or invitees in carrying out Buyer's environmental investigations, unless due to the negligence or willful misconduct of Seller or its agents, employees or contractors. 8. CLOSING DATE. The date of closing shall be December 31, 2021, or such earlier date as is mutually agreed by the parties ("Closing Date"). Delivery of all papers and the closing shall be made through escrow with Title, or at such other location as is mutually agreed upon by the parties. All deliveries and notices to Buyer shall be made as provided in Section 16 of this Agreement. 9. POSSESSION/HOLDOVER TENANCY/HOLDOVER TENANCY OF TENANT. a. Possession. Seller agrees to deliver possession of the Property to Buyer on the Closing Date, provided that (i) a portion of the Property (the "Title Property") is currently occupied by Preferred Title, which shall be permitted to occupy the Title Property until May 15, 2022 (the "Vacation Date"), pursuant to a lease and property management agreement between Buyer and Preferred Title (the "Office 3 MN325\45\704028.v4 Lease"); and (ii) a portion of the Property (the "Tenant Property") is currently subject to a month -to -month lease (the "Tenant Lease") between the Seller and Elevated Wellness (the "Tenant"), which lease is terminable upon thirty (30) days' notice by either party. The terms and conditions of any holdover tenancy by either Preferred Title or the Tenant are as described in Section 9b. hereof. b. Holdover Tenancy. 1. The lease rate for the Office Lease shall be $0.00 per month, provided that (i) Preferred Title shall pay all costs of natural gas, electricity, garbage collection, sewer and water, and property taxes attributable to the Title Property; and (ii) Preferred Title shall undertake property management and routine maintenance obligations as set forth in the Office Lease. Preferred Title shall be authorized to occupy the Title Property and to conduct Preferred Title's regular business activities within the Title Property until the Vacation Date. The Vacation Date may be extended by written agreement of the Buyer and Preferred Title. Buyer shall take possession of the Title Property on the Vacation Date. 2. The Seller shall assign the Tenant Lease to the Buyer on the Date of Closing, and all amounts payable under the Tenant Lease on or after the Date of Closing shall be payable to Buyer, including without limitation all costs of natural gas, electricity, garbage collection, sewer and water, and property taxes attributable to the Tenant Property. Any security deposit described within the Tenant Lease (and interest thereon if required by law) and not previously applied to Tenant obligations under the Tenant Lease shall be transferred or credited to Buyer on the Date of Closing. The Tenant shall be authorized to occupy the Tenant Property and to conduct Tenant's regular business activities within the Tenant Property until the Vacation Date. The Vacation Date may be extended by written agreement of the Buyer and Tenant. Buyer shall take possession of the Tenant Property on the Vacation Date. 3. The parties expressly agree and understand that the Seller shall not enter into any third -party leases for any portion of the Property on or after the date of this Agreement. The parties agree that any personal property of the Seller or Tenant remaining on the Property after the Vacation Date shall become property of the Buyer. 4. Buyer at its sole discretion, upon reasonable notice to Buyer and Tenant, may choose to terminate the Office Lease and/or the Tenant Lease if it is determined that the Property requires structural or equipment repairs or upgrades necessary for the safe occupancy and operation of the Property. 5. On the Date of Closing, Seller shall deposit $5,000 into an escrow account with Title for the benefit of Buyer (the "Escrow Deposit") and shall enter 4 MN325\45\704028.v4 into an escrow agreement with Buyer providing that the Escrow Deposit shall be held by Title and disbursed to Buyer in the event that Seller fails to make any required payment of property taxes due and payable during the period between the Date of Closing and the Vacation Date. If Seller timely pays all such property taxes, the Escrow Deposit shall be released to Seller within ten business days after the Vacation Date. 10. SELLER'S WARRANTIES AND REPRESENTATIONS. Seller hereby represents and warrants to Buyer and Seller will represent and warrant to Buyer as of the Closing Date that: a. Sewer and water. Seller represents that to the best of Seller's knowledge, the Property is connected to City sewer and water. b. Mechanics' Liens. Seller warrants that, prior to the closing, Seller shall pay in full all amounts due for labor, materials, machinery, fixtures or tools furnished within the 120 days immediately preceding the closing in connection with construction, alteration or repair of any structure upon or improvement to the Property caused by or resulting from any action of Seller. C. Notices. Seller represents that Seller has not received any notice from any governmental authority as to violation of any law, ordinance or regulation in connection with the Property. d. Tenants. Seller warrants that, other than the tenants described in Section 9 of this Agreement, there are no tenants on the Property. e. Broker Commission. Seller warrants that as of the date of this Agreement, there is no agreement in effect with any broker, agent, or representative who shall be entitled to any commission in connection with this transaction. Seller agrees to indemnify, defend and hold Buyer harmless from the claims of any broker, real estate agent or similar party claiming through Seller. Seller further agrees to indemnify, defend and hold Buyer harmless for any costs incurred by Buyer as a result of any legal process to adjudicate any fees claimed by any broker, agent, or representative in connection with this transaction. f. Condemnation. Seller has received no notice that there is any pending or, to the actual knowledge of Seller, threatened condemnation or similar proceeding affecting the Property or any portion thereof, and Seller has no actual knowledge that any such action is contemplated. g. Legal Proceedings. There are no legal actions, suits or other legal or administrative proceedings, pending or threatened, that affect the Property or any portion thereof, and Seller has no knowledge that any such action is presently contemplated. h. Legal Capacity. Seller has the legal capacity to enter into this Agreement. Seller 5 MN325\45\704028.v4 has not filed, voluntarily or involuntarily, for bankruptcy relief within the last year under the United States Bankruptcy Code, nor has any petition for bankruptcy or receivership been filed against Seller within the last year. Methamphetamine Production. To the best of Seller's knowledge, methamphetamine production has not occurred on the Property. j. Underground Tanks. To the best of Seller's knowledge, the Property does not contain any underground storage tanks of any size or description. k. Wells. The Seller certifies that the Seller does not know of any wells on the Property. 1. Sewage Systems. Seller does not know of any individual sewage treatment systems on or serving the Property, or if any individual sewage treatment systems exist, Seller shall comply with all applicable statutory disclosure requirements regarding such individual sewage treatment systems. Seller's representations and warranties set forth in this paragraph shall be continuing and are deemed to be material to Buyer's execution of this Agreement and Buyer's performance of its obligations hereunder. All such representations and warranties shall be true and correct on or as of the Closing Date with the same force and effect as if made at that time; and all of such representations and warranties shall survive closing and any cancellation or termination of this Agreement, and shall not be affected by any investigation, verification or approval by any part hereto or by anyone on behalf of any party hereto. Seller agrees to defend, indemnify, and hold Buyer harmless for, from and against any loss, costs, damages, expenses, obligations and attorneys' fees incurred should an assertion, claim, demand or cause of action be instituted, made or taken, which is contrary to or inconsistent with the representations or warranties contained herein. 11. BUYER's ACKNOWLEGEMENT. Buyer acknowledges and agrees that, except as otherwise provided herein, having been given the opportunity to inspect the property and review available information and documentation affecting the property, Buyer is relying solely on its own investigation of the property and review of such information and documentation. Buyer acknowledges and agrees that no representations or statements have been made by Seller in order to induce Buyer to enter into this transaction other than as expressly stated herein, and that Buyer has not relied upon any representations or statements other than as expressly stated herein. Buyer further acknowledges and agrees that, except as expressly provided herein, the sale of the property as provided for herein is made on an "as -is, where is" condition and basis with all faults and conditions (environmental and all other), and that Seller has no obligation to make any remediation, repairs, replacements or improvements whatsoever. 12. CLOSING COSTS/RECORDING FEES/DEED TAX. At Closing, Seller shall pay: (a) prorated property taxes due and payable in the year of Closing through the Closing Date; (b) any special assessments levied against the Property and due and payable in the year of Closing; (c) the cost of any documents required to clear title or to evidence marketable title, including fees and charges to record such documents; (d) any operating costs of the Property up to the Closing 6 MN325\45\704028.v4 Date; (e) one-half of all closing fees customarily charged by Title; (f) the Escrow Deposit as provided in paragraph 9.b.5. hereof, and (g) Seller's legal fees. Buyer shall pay: (a) the costs of any environmental investigation and/or survey costs ordered by Buyer; (b) costs of an initial title commitment, title insurance and endorsements; (c) recording fees and charges related to the filing of the Warranty Deed from the Seller; (d) any transfer or deed taxes due as a result of this transaction; (e) prorated property taxes due and payable in the year of Closing on and after the Closing Date; (f) one-half of all closing fees customarily charged by Title; and (g) Buyer's legal and accounting fees. 13. INSPECTIONS. From the date of this Agreement to the Closing Date, Buyer, its employees and agents, shall be entitled to enter upon the Property to conduct such surveying, inspections, investigations, soil borings and testing, and drilling, monitoring, sampling and testing of groundwater monitoring wells, as Buyer shall elect. Buyer shall also be entitled to a general walkthrough inspection within five days of the Closing Date. Buyer shall immediately repair any damage caused by its inspection activities. 14. INSURANCE; RISK OF LOSS. a. If there is any loss or damage to the Property between the date hereof and the Closing Date, for any reason including fire, vandalism, flood, earthquake or act of God, the risk of loss shall be on Seller. If the Property is destroyed or substantially damaged before the Closing Date, this Agreement shall become null and void, at Buyer's option. At the request of Buyer, Seller agrees to sign a cancellation of Purchase Agreement. b. Following the Closing Date, the Buyer shall procure and maintain property insurance, with a minimum coverage of $500,000, against the Property. Buyer shall assume all risk of damage or destruction to the Property following the Closing Date. Seller shall maintain commercial general liability insurance and renter's insurance in an amount adequate to protect Seller's interest in the Property until the Vacation Date. 15. DEFAULT/REMEDIES. If Buyer defaults under this Agreement, Seller has the right to terminate this Agreement by giving written notice of such election to Buyer, pursuant to Minnesota Statutes, Section 559.21. Time is of the essence of this Agreement. The termination of this Agreement and retention by Seller of the Earnest Money will be the sole remedy available to Seller for such default by Buyer, and Buyer will not be further liable for damages. If Seller defaults under this Agreement, Buyer shall have the right (i) to terminate this Agreement and receive reimbursement of the Earnest Money, or (ii) to enforce and recover from Seller specific performance of this Agreement. The termination of this Agreement and reimbursement of the Earnest Money or the enforcement and recovery from Seller of specific performance of this Agreement shall be the sole remedies available to Buyer for such default by Seller, and Seller shall not be further liable for damages. 16. RELOCATION BENEFITS; INDEMNIFICATION. Seller acknowledges that in the event that Seller is eligible for relocation assistance and benefits, the Purchase Price includes 7 MN325\45\704028.v4 compensation for any and all relocation assistance and benefits for which Seller may be eligible, including benefits for loss of going concern. Buyer acknowledges that both Preferred Title and the Tenant are eligible for relocation assistance and shall receive relocation assistance and benefits as determined by Buyer's relocation consultant. The provisions of this paragraph shall survive closing of the transaction contemplated by this Agreement. For purposes of this Agreement, "relocation assistance and benefits" shall have the meanings ascribed to them by the Uniform Relocation Assistance and Real Property Acquisition Policies Act, 42 U.S.C. Sections 4601-4655 (the federal URA) and the regulations implementing the federal URA, 49 C.F.R. Sections 24.1-24.603. 17. NOTICE. Any notice, demand, request or other communication which may or shall be given or served by the parties, shall be deemed to have been given or served on the date the same is personally served upon one of the following indicated recipients for notices or is deposited in the United States Mail, registered or certified, return receipt requested, postage prepaid and addressed as follows: SELLER: KC & the Boys, LLC 21082 Franklin Road Clearwater, MN 55320 Attn: Cindy Heaton BUYER: City of Monticello Economic Development Authority 505 Walnut Street, Suite 1 Monticello, MN 55362 Attn: Executive Director 18. ENTIRE AGREEMENT. This Agreement, including exhibits attached hereto, and any amendments hereto signed by the parties, shall constitute the entire agreement between Seller and Buyer and supersedes any other written or oral agreements between the parties relating to the Property. This Agreement can be modified only in a writing properly signed on behalf of Seller and Buyer. 19. SURVIVAL. Notwithstanding any other provisions of law or court decision to the contrary, the provisions of this Agreement shall survive closing. 20. BINDING EFFECT. This Agreement binds and benefits the parties and their successors and assigns. 21. ELECTRONIC SIGNATURES; EXECUTION IN COUNTERPARTS. The electronic signature of the parties to this Agreement shall be as valid as an original signature of such party and shall be effective to bind the parties hereto. For purposes hereof, (i) "electronic signature" means a manually signed original signature that is then transmitted by electronic means; and (ii) "transmitted by electronic means" means sent in the form of a facsimile or sent via the internet as a portable document format ("pdf ') or other replicating image attached to an electronic mail or internet message. This Agreement may be simultaneously executed in several 8 MN325\45\704028.v4 counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. (The remainder of this page is intentionally left blank) 9 MN325\45\704028.v4 IN WITNESS WHEREOF, the undersigned have executed this Agreement on the date and year above. Buyer: Seller: City of Monticello Economic Development KC & the Boys, LLC Authority M. Its: Vice President Its: Executive Director By: _ [Name] [Title] 10 MN325\45\704028.v4 EXHIBIT A Legal Description of ProppM Lot 6 and the East 18 feet and 10 inches of Lot 5 in Block 52 in the Town or Townsite of Monticello, according to the plat by John 0. Haven of record. (That part of Lot 5 being more particularly described as follows: Begin at the Southerly point of said Lot S; thence Northwesterly along the Southwesterly side of said Lot 5, 18 feet, 10 inches; thence Northeasterly and parallel to the Southeasterly side of said Lot 5 to the Northeasterly line of said Lot 5; thence Southeasterly 18 feet, 10 inches to the most Easterly point of said Lot 5; thence Southwesterly to the point of beginning. Excepting therefrom: Those parts of Lots 5 and 6, Block 52, Monticello, according to the recorded plat thereof, Wright County, Minnesota described as follows: Commencing at the most easterly corner of said Lot 6; thence on an assumed bearing of North 64 degrees 58 minutes 26 seconds West along the northeasterly line of said Lot 6 a distance of 3.06 feet to an outside building line being the point of beginning of the land to be described; thence South 24 degrees 18 minutes 51 seconds West along said outside building line, a distance of 0.27 feet to a building corner; thence North 65 degrees 40 minutes 10 seconds West along said outside building line, a distance of 44.00 feet to a building corner; thence North 24 degrees 18 minutes 51 seconds East along said outside building line, a distance of 0.81 feet to the northeasterly line of said Lot 5; thence South 64 degrees 58 minutes 26 seconds East along said northeasterly line of said Lots 5 and 6, a distance of 44.00 feet to the point of beginning. 113 West Broadway, Monticello, MN 55362 A-1 MN325\45\704028.v4 PROPERTY MANAGEMENT AND LEASE AGREEMENT THIS PROPERTY MANAGEMENT AND LEASE AGREEMENT ("Agreement") is entered into and made as of the day of December, 2021 by and between the CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY, a public body corporate and politic and political subdivision of the State of Minnesota ("Landlord"), and KC & THE BOYS, LLC, a Minnesota limited liability company ("Tenant"). The parties mutually agree as follows: 1. LEASED PREMISES. Subject to the terms and conditions of this Agreement, Landlord leases to Tenant and Tenant rents from Landlord, the commercial building located on the property at 113 West Broadway Street, Monticello, MN 55362 (the "Property"), legally described in the attached Exhibit A, hereinafter referred to as the "Leased Premises." 2. TERM. The term of this Agreement (the "Term") shall be for a period of days, commencing December _, 2021 (the "Commencement Date"), and ending midnight on May 15, 2022 (the "Expiration Date"), unless this Agreement shall be earlier terminated or extended as hereinafter provided. 3. RENT. No rent shall by payable by Tenant to Landlord, provided that Tenant shall pay the amounts described in Paragraph 3(a), all of which are hereinafter collectively referred to as the "Charges," and the obligation of the Tenant to pay said Charges through the Expiration Date or the earlier or extended termination, shall survive the termination of this Agreement. Tenant and Landlord have entered into an Escrow Agreement of even date herewith (the "Escrow Agreement") whereby Tenant deposited the amount of Fifteen Thousand ($15,000) into escrow (the "Escrow Funds") to secure Tenant's obligations under this Agreement, including the obligation to pay Charges when due. Following termination of this Agreement, absent Tenant default, the Escrow Funds shall be refunded to Tenant pursuant to the terms of this Agreement and the Escrow Agreement. (a) Charges. Except as set forth in this Agreement, and starting on the Commencement Date, Tenant shall be solely responsible for paying the operating costs of the Leased Premises under the terms of this Agreement (as further described in this Agreement) including, but not limited to, Operating Charges described in Paragraph 4(b) of this Agreement, Utility Charges described in Paragraph 5(a) of this Agreement, Taxes subject to the terms and conditions of Paragraph 6 of this Agreement, Insurance subject to the terms and conditions of Paragraphs 12 and 13 of this Agreement, and any other direct out-of-pocket costs and expenses of maintenance, repair, replacement and care of the Leased Premises and Property attributable to the activities of Tenant. The parties agree that Tenant shall undertake the maintenance, operations, and repair of the Property during the Term and shall pay directly, when possible, all costs and fees incurred with respect to such maintenance, operation, and repair. (b) Service Charge. Tenant's failure to make any monetary payment required of Tenant hereunder within twenty-one (21) days of the due date therefor shall result in the imposition of a service charge for such late payment in the amount of Seventy-five and No/100 Dollars ($75.00). 1 MN325\45\756520.v2 In addition, any sum not paid within thirty (30) days of the due date therefor shall bear interest at a rate equal to the lesser of ten percent (10%) or the maximum amount permitted by law from the date due until paid. 4. OPERATING CHARGES. (a) Tenant shall pay to Landlord, as a portion of the Charges, Operating Charges as hereinafter defined. Within ten (10) days after the first day of each month during the Term of of this Agreement, Landlord shall notify Tenant of the actual Operating Charges incurred during the immediately preceding month, and shall provide Tenant a statement thereof in reasonable detail. Within twenty-one (21) days after such notice, Tenant shall pay to Landlord the actual amount of the Operating Charges as shown on such statement. Tenant's obligation to pay Operating Charges through the Termination Date shall survive the termination of this Agreement. Operating Charges are actual and direct out of pocket expenses incurred by Landlord as described in Paragraph 4(b). (b) "Operating Charges" as used herein shall mean all direct sums expended or obligations incurred by Landlord and not already handled and paid for by Tenant directly with respect to the Property, whether or not now foreseen, determined on an accrual basis (including reasonably foreseeable expenditures not occurring annually), including, but not limited to, the actual costs of third party contractors and/or other third parry entities providing services; inspection fees; and legal fees incurred in enforcement of the maintenance and operation of the Property; materials and supplies, which materials and supplies were used in or charges were incurred in maintenance and operation of the Property; repairs, maintenance and operation include, but are not limited to, parking lot lighting, replacements respecting the Leased Premises and the Property, including costs of materials, supplies, tools and equipment used in connection therewith, which are necessary as a result of Tenant's use, costs incurred in connection with the operation, maintenance, repair, replacing, inspection and servicing (including maintenance contracts, if any) of mechanical equipment and the cost of materials, supplies, tools and equipment used in connection therewith, all other expenses and costs of every kind and nature necessary or desirable to be incurred for the purpose of operating and maintaining of the Property and Leased Premises, which Tenant is obligated to pay under the terms of this Agreement, due to the failure of Tenant to pay such costs when due. Operating Charges expressly excludes any premiums paid by Landlord for premises liability or property insurance coverage. 5. UTILITIES AND SERVICES. (a) Utility Charges. Tenant shall be solely and exclusively responsible for the actual cost of the following utilities and any other building services necessary for the Property and Leased Premises as may be required by law or directed by governmental authority ("Utility Charges") which shall be paid by Tenant directly to the applicable service provider: i. Cost of all heating, ventilation and air conditioning of the Leased Premises including electrical and gas; ii. Cost of all electricity for lighting and operating business machines and other equipment in the Leased Premises; iii. Cost of all gas; iv. Cost of all water and sewer; 2 MN325\45\756520.v2 V. Cost of internet services; vi. Cost of security system, if applicable; vii. Costs of refuse and recycling services; viii. Cost of all replacement of all lamps, bulbs, starters, and ballasts used in the Leased Premises. Provided, however, that to the extent Tenant provides to the Landlord a copy of invoices evidencing the applicable Utility Charges, along with evidence of Tenant's payment of such Utility Charges, the Landlord shall prorate such Utility Charges between Tenant and Elevated Wellness (the "Additional Tenant") as described in Section 9.b. of the Purchase Agreement between Landlord and Tenant dated as of November _, 2021 (the "Purchase Agreement"), and shall reimburse Tenant for such Utility Charges attributable to the Additional Tenant and paid by Tenant, but only to the extent of any Utility Charges actually received by Landlord from the Additional Tenant. (b) Additional Services. If Tenant requests any other utilities or building services in addition to those identified above, the cost thereof shall be borne by Tenant, who shall pay such costs of services directly to the applicable service provider. (c) Interruption of Services. Tenant understands, acknowledges and agrees that any one or more of the utilities or other building services identified above may be interrupted by reason of accident, emergency or other causes beyond Landlord's control, or may be discontinued or diminished temporarily by Landlord or other persons until certain repairs, alterations or improvements can be made; that Landlord does not represent or warrant the uninterrupted availability of such utilities or building services; and that any such interruption shall not be deemed an eviction or disturbance of Tenant's right to possession, occupancy and use of the Leased Premises or any part thereof, or render Landlord liable to Tenant in damages by abatement of rent or otherwise, or relieve Tenant from the obligation to perform its covenants under this Agreement. 6. TAXES. Charges payable by Tenant include Taxes. "Taxes" shall mean all real estate taxes levied or assessed upon or with respect to the land or improvements comprising the Property, including the Leased Premises, in 2021 for collection in 2022, prorated to the Expiration Date of this Agreement; provided that if Tenant fails to vacate the Leased Premises by the Expiration Date of this Agreement and the parties have not negotiated any agreement for continued occupancy by Tenant past the Expiration Date, Tenant shall be solely liable for payment of Taxes payable in 2022 and levied in 2022 for collection in 2023. 7. LEASEHOLD IMPROVEMENTS. Tenant shall not be authorized to make any leasehold improvements to the Leased Premises ("Tenant Improvements") during the Term of this Agreement. 8. USE OF THE LEASED PREMISES. (a) Specific Use / "As is" Basis. The Leased Premises shall be occupied and used exclusively for Tenant's business activities and related services incidental thereto, and shall not be used for any other purpose, without written permission of the Landlord. Tenant hereby accepts the Leased Premises on an "as is" basis without any representations or warranties by Landlord as to its fitness for Tenant's business or use or for any other particular purpose except as expressly set forth 3 MN325\45\756520.v2 herein. (b) Covenants Regarding In connection with its use of the Leased Premises, Tenant agrees to do the following: (i) Tenant shall use the Leased Premises and conduct its business thereon in a safe, careful, reputable, and lawful manner; shall keep and maintain the Leased Premises in as good a condition as they were when Tenant first took possession thereof, ordinary wear and tear excepted, and subject to Paragraph 11(c), shall make all necessary repairs to the Leased Premises other than those which Landlord is obligated to make as provided elsewhere herein. (ii) Tenant shall not commit, nor allow to be committed, in, on or about the Leased Premises any act of waste, or use or permit to be used on the Leased Premises any hazardous substance, equipment or other thing which might cause injury to person or property or increase the danger of fire or other casualty in, on or about the Leased Premises; permit any objectionable or offensive noise or odors to be emitted from the Leased Premises; or do anything, or permit anything to be done, which would, in Landlord's opinion, disturb or tend to disturb the owners or tenants of any adjacent buildings. (iii) Tenant shall not use the Leased Premises, nor allow the Leased Premises to be used, for any purpose or in any manner which would invalidate any policy of insurance now or hereafter carried on the Leased Premises or directly increase the rate of premiums payable on any such insurance policy by ten (10) percent or more. Should Tenant fail to comply with this covenant, Landlord may, at its option, require Tenant to stop engaging in such activity or to reimburse Landlord for any increase in premiums charged during the term of this Agreement on the insurance carried by Landlord on the Leased Premises and attributable to the use being made of the Leased Premises by Tenant. (c) Compliance with Laws. Tenant shall not use or permit the use of any part of the Leased Premises for any purpose prohibited by law. 9. ASSIGNMENT AND SUBLETTING. Tenant may not assign or otherwise transfer its interest in this Agreement or sublet the Leased Premises or any part thereof without Landlord's written consent, at Landlord's sole discretion. Landlord consent to an assignment or transfer to a business entity or person affiliated with Tenant by common ownership of any one or more of the Tenant's owners or officers or related to Tenant shall not be unreasonably withheld. Any sublease of the Leased Premises must be consistent with Tenant's use of the Leased Premises. 10. SIGNS. Tenant shall not inscribe, paint, affix or display any signs, advertisements, or notices on the Leased Premises or in the Leased Premises and visible from outside the Leased Premises, except for such signage, advertisements or notices as Landlord at Landlord's discretion specifically permits by written consent. Tenant's current signage on the Property at commencement of this Agreement is expressly authorized. All signs shall comply with all ordinances, rules and regulations of the Landlord. 4 MN325\45\756520.v2 11. REPAIRS, MAINTENANCE, ALTERATIONS, IMPROVEMENTS AND FIXTURES. (a) Tenant shall maintain the exterior walls (including glass), roof and foundation of the Leased Premises. (b) Subject to Paragraph I I(c) hereof, Tenant shall, at its expense, make any necessary repairs to the Leased Premises and every part thereof, ordinary wear and tear excepted, including the heating, air conditioning, electrical and plumbing equipment and facilities servicing the Leased Premises and, such other repairs which may be required by reason of acts or negligence of Tenant, its agents, employees, customers or invitees, or the particular nature of Tenant's use of the Property. Tenant shall be responsible for repairing any damage to the Leased Premises caused by the installation or moving of Tenant's furniture, equipment, and personal property. (c) If a repair deemed necessary to the continued occupancy of the Leased Premises is estimated to exceed $1,000, the Tenant is not obligated to make such repair, and shall not be liable for the cost of such repair, on the condition that Tenant notifies the Landlord in writing that Tenant declines to make such repair and vacates the Leased Premises as soon as practicable after such notice, but no later than 30 days after giving such notice. (d) Subject to Paragraph 11(c) hereof, Tenant shall not defer any repairs or replacements to the Leased Premises by reason of the anticipated expiration of the Term. If Tenant fails, after thirty (30) days' written notice, to perform the maintenance and repair as required herein the Landlord, at Landlord's option, may elect to perform all or part of the maintenance, repairs and servicing which is the obligation of the Tenant hereunder with respect to the Leased Premises, in which event the costs thereof shall be at Landlord's option either billed directly to and paid by Tenant or included in Operating Charges. (e) Except as otherwise provided herein, in the event that, at the request of Tenant, Landlord, at its option, performs any maintenance, repairs or servicing of the Leased Premises, which is the obligation of Tenant hereunder, then Tenant shall pay Landlord directly therefor as Operating Charges. In the event there is any warranty in effect in connection with repairs or replacements made by Tenant and if Landlord is unwilling to pursue the warranty claim, then Tenant shall have the right to pursue the warranty claim in connection with the repair and/or replacement made by Tenant. (e) Tenant shall be responsible for the maintenance and repair and good working order and condition of the walks, driveways, parking lots, and landscaped areas adjacent to the Leased Premises including mowing and the removal of snow and all costs associated therewith. (f) Upon the Expiration Date or earlier or extended termination of this Agreement, Tenant shall surrender the Leased Premises to Landlord broom clean and in good condition and repair, normal wear and tear excepted. The parties shall meet to create a checklist of the condition of the Property to be approved by signature of both parties within three (3) business days of the Commencement Date, which will be recognized and referenced as the starting condition for purposes of the release of Tenant's Escrow Funds. MN325\45\756520.v2 (g) Tenant shall, at Tenant's expense, promptly repair all damage caused by the Tenant to the Leased Premises and replace or repair all damaged or broken fixtures and appurtenances with materials equal in quality and class to the original materials, under the supervision and subject to the approval of Landlord, and within any reasonable period of time specified by Landlord. If Tenant fails to do so, Landlord may, but need not make such repairs and replacements, and Tenant shall pay Landlord the cost thereof, including Landlord's Costs, forthwith upon being billed for same. As used in this Agreement, the term "Landlord's Costs" shall mean five percent (5%) of any costs or expenses paid by Landlord, in order to reimburse Landlord for all overhead, general conditions, fees and other costs and expenses arising from Landlord's actions or involvement. (h) Trade fixtures installed on the Leased Premises by Tenant, a list of which is attached as Exhibit B (the "Trade Fixtures") shall be removed on the Expiration Date or upon earlier termination of this Agreement. Tenant agrees that Tenant will bear the cost of such removal, and further that Tenant will repair at its own expense any and all damage to the Leased Premises resulting from the original installation of and subsequent removal of such Trade Fixtures. If Tenant fails so to remove any and all such Trade Fixtures from the Leased Premises on the Expiration Date or upon earlier termination of this Agreement, Landlord may have same removed and the Leased Premises repaired to their prior condition, all at Tenant's expense. (i) Landlord reserves the right to make, at any time or times, at its own expense, repairs, alterations, additions, and improvements, structural or otherwise, in or to the Leased Premises, and to perform any acts related to the safety, protection or preservation thereof, and during such operations to take into and through the Leased Premises all material and equipment required and to close or temporarily suspend operation of entrances, doors, corridors, or other facilities, provided that Landlord shall cause as little inconvenience or annoyance to Tenant as is reasonably necessary in the circumstances. Landlord may do any such work during ordinary business hours and Tenant shall pay Landlord the difference of any additional out-of-pocket charges incurred by Landlord as a result of conducting such work during other hours as requested by Tenant. 12. FIRE OR OTHER CASUALTY; CASUALTY INSURANCE. (a) Substantial Destruction of the Leased Premises. If the Leased Premises should be substantially destroyed (which, as used herein, means destruction or damage to at least sixty percent (60%) of the Leased Premises) by fire or other casualty, the Landlord will terminate this Agreement by giving written notice thereof to the Tenant within thirty (30) days of such casualty. In such event, the Charges shall be apportioned to and shall cease as of the date of such casualty. (b) Property and Casualty Insurance. Without limiting Tenant's liability under this Agreement, Landlord shall procure and maintain a policy or policies of property and public liability insurance with minimum coverage amounts of at least $500.00 per occurrence, insuring against injury or death to persons and " all risk" hazard insurance for loss or damage to the Leased Premises; provided, however, that Landlord shall not be responsible for, and shall not be obligated to insure against, any loss or damage to personal property (including, but not limited to, any furniture, machinery, equipment, goods, or supplies) of Tenant or which Tenant may have on the Leased Premises or any Trade Fixtures or any additional improvements which Tenant may construct on the Leased Premises. If Tenant's operation or any alterations or improvements made 6 MN325\45\756520.v2 by Tenant pursuant to the provisions of this Agreement directly result in an increase in the premiums charged of ten (10) percent or more during the Term on the casualty insurance carried by Landlord on the Leased Premises, then the cost of such increase in insurance premiums shall be borne by Tenant as an Operating Charge. Tenant shall, at its expense during the term of this Agreement, keep in full force and effect a policy or policies of rental insurance with an insurance company licensed to do business in the State of Minnesota, covering its personal property, furniture, machinery, equipment, supplies, stored goods, Trade Fixtures, or any additional improvements which Tenant may construct on the Leased Premises which coverage shall be no less than eighty percent (80%) of replacement value. Tenant shall furnish Landlord with a certificate evidencing that such coverages are in full force and effect. (c) Waiver of Subrogation. _ Landlord and Tenant hereby release each other and each other's employees, agents, customers, and invitees from any and all liability for any loss, damage or injury to property occurring in, on, or about or to the Leased Premises, improvements to the Leased Premises or personal property within the Leased Premises, by reason of fire or other casualty which are covered by applicable standard fire and extended coverage insurance policies. Because the provisions of this paragraph will preclude the assignment of any claim mentioned herein by way of subrogation or otherwise to an insurance company or any other person, each party to this Agreement shall give to each insurance company which has issued to it one or more policies of fire and extended coverage insurance notice of the terms of the mutual releases contained in this paragraph, and have such insurance policies properly endorsed, if necessary, to prevent the invalidation of insurance coverages by reason of the mutual releases contained in this paragraph. 13. GENERAL PUBLIC LIABILITY, INDEMNIFICATION, AND INSURANCE. (a) All insurance, liability, and indemnification certificates are subject to review and approval by the Landlord. (b) Except for the negligence or intentional misconduct of Landlord, Landlord's agents, servants or employees, Tenant shall insure against, and shall indemnify Landlord and hold it harmless from, any and all liability for any loss, damage, or injury to person or property, arising out of use, occupancy, or operations of Tenant and occurring in, on, or about the Leased Premises, and Tenant hereby releases Landlord from any and all liability for the same. Tenant's obligation to indemnify Landlord hereunder shall include the duty to defend against any claims asserted by reason of such loss, damage, or injury and to pay any judgments, settlements, costs, fees, and expenses, including attorney's fees, incurred in connection therewith. (c) Tenant shall at all times during the Term carry, at its own expense, for the protection of Tenant and Landlord, as their interests may appear, one or more policies of commercial general liability and renter's insurance, issued by one or more insurance companies licensed to do business in the State of Minnesota and acceptable to Landlord, covering Tenant's use, occupancy, and operations. Such insurance policy or policies shall name Landlord, its agents and employees, as additional insureds and shall provide that they may not be canceled or materially changed on less than thirty (30) days prior written notice to Landlord. Tenant shall 7 MN325\45\756520.v2 furnish Landlord with certificates of insurance evidencing such insurance upon request. Should Tenant fail to carry such insurance and to furnish Landlord with copies of all such policies after a request to do so, Landlord shall have the right to obtain such insurance and collect the cost thereof from Tenant as an Operating Charge. (d) Landlord and its partners, shareholders, affiliates, officers, agents, servants, and employees shall not be liable for any damage to person, property, or business or resulting from the loss of use thereof sustained by Tenant or by any other persons due to the Leased Premises or any part thereof or any appurtenances thereof becoming out of repair, or due to the happening of any accident or, event in or about the Leased Premises, or due to any act or neglect of any tenant or occupant of the Leased Premises or of any other person. This provision shall apply particularly, but not exclusively, to damage caused by gas, electricity, snow, ice, frost, steam, sewage, sewer gas or odors, fire, water, or by the bursting or leaking of pipes, faucets, sprinklers, plumbing fixtures. and windows and shall apply without distinction as to the person whose act or neglect was responsible for the damage and whether the damage was due to any of the causes specifically enumerated above or to some other cause. Tenant agrees that all personal property located in the Leased Premises shall be at the risk of Tenant only, and that Landlord shall not be liable for any loss or damage thereto or theft thereof. 14. LIENS. Tenant shall not cause or allow any mechanic's lien or other lien to be filed against the Leased Premises or against other property of Landlord (whether or not such lien is valid or enforceable as such). In the event any mechanic's lien shall at any time be filed against the Leased Premises by reason of work, labor, services, or materials performed or furnished to Tenant or to anyone holding the Leased Premises through or under Tenant, Tenant shall forthwith cause the same to be discharged of record. If Tenant shall fail to cause such lien forthwith to be discharged within five (5) days after being notified of the filing thereof, then, in addition to any other right or remedy of Landlord, Landlord may, but shall not be obligated to, discharge the same by paying the amount claimed to be due, or by bonding, and the amount so paid by Landlord and all costs and expenses, including reasonable attorneys' fees incurred by Landlord in procuring the discharge of such lien, shall be due and payable in full by Tenant to Landlord on demand. 15. RENTAL, PERSONAL PROPERTY AND OTHER TAXES. Tenant shall pay before delinquency any and all sales, gross income, rental, business occupation, or other taxes, levied or imposed upon Tenant's business operation in the Leased Premises and any personal property or similar taxes levied or imposed upon Tenant's Trade Fixtures, leasehold improvements or personal property located within the Leased Premises. In the event any such taxes are charged to the account of, or are levied or imposed upon the property of Landlord, Tenant shall reimburse Landlord for the same. 16. DEFAULTS AND REMEDIES. (a) Default by Tenant. The occurrence of any one or more of the following events shall be an event of default ("Event of Default") and breach of this Agreement by Tenant: (i) Tenant shall fail to pay any monthly installment of Charges set forth in this Agreement within twenty-one (21) days after the same shall be due and payable. MN325\45\756520.v2 (ii) Tenant shall fail to perform or observe any term, condition, covenant or obligation required to be performed or observed by it under this Agreement for a period of thirty (30) days after notice thereof from Landlord; provided, however, that if the term, condition, covenant or obligation to be performed by Tenant is of such nature that the same cannot reasonably be performed within such thirty -day period, such default shall be deemed to have been cured if Tenant commences such performance within said thirty -day period and thereafter diligently undertakes to complete the same, but in any event completes cure within ninety (90) days after notices from Landlord. (iii) Tenant shall vacate or abandon or fail to occupy for a period of thirty (30) days, the Leased Premises or any substantial portion thereof, (iv) Tenant causes or permits a hazardous condition to exist on the Leased Premises and fails to cure such condition immediately after notice thereof from Landlord. (b) Remedies of Landlord. Upon the occurrence of any Event of Default set forth in this Agreement, Landlord shall have the following rights and remedies, in addition to those allowed by law, any one or more of which may be exercised without further notice to or demand upon Tenant: (i) Landlord may re-enter the Leased Premises and cure any Event of Default of Tenant, in which event Tenant shall reimburse Landlord for any costs and expenses which Landlord may incur to cure such Event of Default; and Landlord shall not be liable to Tenant for any loss or damage which Tenant may sustain by reason of Landlord's action, regardless of whether caused by Landlord's negligence or otherwise. (ii) Landlord may terminate this Agreement as of the date of such Event of Default, in which event: (A) Neither Tenant nor any person claiming under or through Tenant shall thereafter be entitled to possession of the Leased Premises, and Tenant shall immediately thereafter surrender the Leased Premises to Landlord; (B) Landlord may, in accordance with law, re-enter the Leased Premises and dispossess Tenant or any other occupants of the Leased Premises by summary proceedings, ejectment, or otherwise, and may remove their effects, without prejudice to any other remedy which Landlord may have for possession or arrearages in rent; (C) Notwithstanding the termination of this Agreement, Tenant shall be responsible for payment of all of Landlord's cost and expenses for any repairs required for Tenant's failure to maintain the Leased Premises pursuant to the terms and conditions of Paragraph 11. The liabilities and remedies specified herein shall survive the termination of this Agreement. (iii) Landlord may sue for injunctive relief or to recover damages for any loss resulting 9 MN325\45\756520.v2 from the breach. (iv) Tenant is responsible for any Charges that have been forgone by the Landlord including, but limited to, prorated property taxes in the year of default. Any such right of termination of Landlord contained herein shall continue during the Term of this Agreement. (c) Default by Landlord and Remedies of Tenant. Landlord shall not be deemed to be in default under this Agreement until Tenant has given Landlord written notice specifying the nature of the Event of Default and Landlord does not cure such Event of Default within thirty (30) days after receipt of such notice or within such reasonable time thereafter as may be necessary to cure such Event of Default where such default is of such a character as to reasonably require more than thirty (30) days to cure. Landlord failure to cure an Event of Default under this Agreement shall entitle Tenant to terminate the Agreement immediately, and pursue claims for any damages caused Tenant by Landlord's default hereunder, in addition to such other rights and remedies as may exist under applicable law. (d) Waiver of Covenants. Failure of Landlord to insist, in any one or more instances, upon strict performance of any term, covenant, condition, or option of this Agreement, or to exercise any option herein contained, shall not be construed as a waiver, or a relinquishment for the future, of such term, covenant, condition, or option, but the same shall continue and remain in full force and effect. The receipt by Landlord of Charges with knowledge of breach in any of the terms, covenants, conditions, or options, of any of this Agreement to be kept or performed by Tenant shall not be deemed a waiver of such breach, and Landlord, shall not be deemed to have waived any provision of this Agreement unless expressed in writing and signed by Landlord. (e) Attorney Fees. If Tenant defaults in the performance or observance of any of the terms, conditions, covenants, or obligations contained in this Agreement and Landlord placed the enforcement of all or any part of this Agreement, the collection of any Charges due or to become due or the recovery of possession of the Leased Premises in the hands of an attorney, or if Landlord incurs any fees or out-of-pocket costs in any litigation, negotiation or transaction in which Tenant causes Landlord (without Landlord's fault) to be involved or concerned, Tenant agrees to reimburse Landlord for the attorney's fees and costs incurred thereby, whether or not suit is actually filed. 17. ACCESS TO THE LEASED PREMISES. Landlord, its employees, and agents of the Leased Premises shall have the right after reasonable notice and during regular business hours unless another entry time has been approved by Tenant to enter any part of the Leased Premises for the purposes of examining or inspecting the same and for making such repairs or alterations to the Leased Premises as Landlord may deem necessary or desirable. If representatives of Tenant shall not be present to open and permit such entry into the Leased Premises at any time when such entry is necessary or permitted hereunder, so long as notice has been given, Landlord and its employees and agents may enter the Leased Premises by means of a master key or otherwise. Landlord shall incur no liability to Tenant for such entry, nor shall such entry constitute an eviction of Tenant or a termination of this Agreement, nor entitle Tenant to any abatement of payments due and payable under this Agreement. 10 MN325\45\756520.v2 18. TERMINATION. (a) Landlord Termination. Landlord may only terminate this Agreement by reason of Tenant default as authorized under the provisions of this Agreement. (b) Tenant Termination. In addition to any other provisions for termination under this Agreement, Tenant may terminate this Agreement upon thirty (30) days' written notice. 19. SURRENDER OF LEASED PREMISES. Upon the Expiration Date or earlier termination of this Agreement, Tenant shall surrender the Leased Premises to Landlord (the "Vacation"), together with all keys, access cards, alterations, improvements, and other property as provided elsewhere herein, in broom -clean condition and in good order, condition and repair, except for ordinary wear and tear and damage which Tenant is not obligated to repair, failing which Landlord may restore the Leased Premises to such condition at Tenant's expense, which shall be payable from the Escrowed Funds. Within Twenty -One (21) days of the Vacation, Landlord shall either cause release of Tenant's Escrow Funds in full or provide Tenant with a Notification pursuant to the Escrow Agreement. If Landlord does not release Tenant's Escrow Funds in full, Tenant shall be allowed a reasonable opportunity, but no more than thirty (30) days, to cure any claimed defaults. Upon such Vacation, Tenant's trade fixtures, furniture, and equipment shall remain Tenant's property, and if Tenant shall not then be in default under this Agreement, Tenant shall have the right to remove the same prior to the expiration or earlier termination of this Agreement. Tenant shall promptly repair any damage caused by any such removal and shall restore the Leased Premises to the condition existing prior to the installation of the items so removed. Any of Tenant's trade fixtures, furniture, or equipment not so removed shall be considered abandoned and may be retained by Landlord or be destroyed. 20. HOLDING OVER. No holding over by Tenant is permitted after the Expiration Date or earlier termination of this Agreement unless the parties negotiate and execute a month -to -month lease mutually acceptable to Landlord and Tenant no later than thirty (30) days prior to the Expiration Date. If Tenant remains in possession of the Leased Premises without the consent of Landlord after the Expiration Date or earlier termination of this Agreement, Tenant shall be deemed to hold the Leased Premises as a tenant from month to month, terminable on thirty (30) days' notice given by one party to the other and subject to all of the terms, conditions, covenants, and provisions of this Agreement (which shall be applicable during the holdover period), except that if such holdover period by Tenant extends beyond June 30, 2022, Tenant shall pay to Landlord all property taxes assessed against the Property for collection in 2023 as described in Paragraph 6, and any out-of- pocket charges or expenses incurred by Landlord, which shall be payable to Landlord pursuant to this Agreement. In addition, unless such holdover period has been approved by Landlord, Tenant shall be liable to Landlord for all damages occasioned by such holding over. Tenant shall vacate and surrender the Leased Premises to Landlord upon Tenant's receipt of notice from Landlord to vacate, pursuant to this Agreement. No holding over by Tenant shall operate to extend this Agreement except as otherwise expressly provided herein. 21. QUIET ENJOYMENT. Except as may be provided in this Agreement to the extent that it may be applicable, if and so long as Tenant performs or observes all of the terms, conditions, covenants, and obligations of this Agreement required to be performed or observed by it 11 MN325\45\756520.v2 hereunder, Tenant shall at all times during the term hereof have the peaceable and quiet enjoyment, possession, occupancy and use of the Leased Premises without any interference from Landlord or any person or persons claiming the Leased Premises by, through, or under Landlord, subject to any mortgages, underlying leases, or other matters of record to which this Agreement is or may become subject. 22. NOTICE AND PLACE OF PAYMENT. (a) All payments required to be made by Tenant to Landlord shall be delivered or mailed to Tenant at the address set forth in Paragraph 22(b) hereof or at any other address within the United States as Tenant may specify from time to time by written notice given to Landlord. (b) Any notice, demand, or request required or permitted to be given under this Agreement or by law shall be deemed to have been given if reduced to writing and mailed by Registered or Certified mail, postage prepaid, to the party who is to receive such notice, demand, or request at the address set forth below or at such other address as Landlord or Tenant may specify from time to time by written notice. When delivering such notice, demand, or request shall be deemed to have been given as of the date it was so delivered or mailed. Landlord: City of Monticello Economic Development Authority 505 Walnut Street Monticello, MN 55362 Attention: Executive Director Tenant: KC & the Boys, LLC 21082 Franklin Road Clearwater, MN 55320 Attn: Cindy Heaton 23. MISCELLANEOUS GENERAL PROVISIONS. (a) Memorandum of Agreement. If requested by either party, a Memorandum of Agreement, containing the information required by law concerning this Agreement shall be recorded in Wright County, Minnesota. (b) Applicable Law. This Agreement and all matters pertinent thereto shall be construed and enforced in accordance with the laws of the State of Minnesota. (c) Entire Agreement. This Agreement, including all Exhibits and Addenda, constitutes the entire agreement between the parties hereto and may not be modified except by an instrument in writing executed by the parties hereto. (d) Binding Effect. This Agreement and the respective rights and obligations of the parties hereto shall inure to the benefit of and be binding upon the successors and assigns of the parties hereto as well as the parties themselves; provided, however, that Landlord, its successors and assigns shall be obligated to perform Landlord's covenants under this Agreement only during and in respect of their successive periods as Landlord during the term of this Agreement. 12 MN325\45\756520.v2 (e) Severability. If any provision of this Agreement shall be held to be invalid, void, or unenforceable, the remaining provisions hereof shall not be effected or impaired, and such remaining provisions shall remain in full force and effect. (f) No Partnership. Landlord shall not, by virtue of the execution of this Agreement or the leasing of the Leased Premises to Tenant, become or be deemed a partner of Tenant in the conduct of Tenant's business on the Leased Premises or otherwise. (g) Limitation of Landlord's Personal Liability. Tenant specifically agrees to look solely to Landlord's interest in the Leased Premises for the recovery of any judgment against Landlord, it being agreed that Landlord shall never be personally liable for any such judgment. (h) Time of Essence. Time is of the essence of this Agreement and each of its provisions. (Signature pages follow.) 13 MN325\45\756520.v2 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first written above. LANDLORD: CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY By: Its: President By: Its: Executive Director TENANT: KC & THE BOYS, LLC By: Its: 14 MN325\45\756520.v2 EXHIBIT A PROPERTY Lot 6 and the East 18 feet and 10 inches of Lot 5 in Block 52 in the Town or Townsite of Monticello, according to the plat by John 0. Haven of record. (That part of Lot 5 being more particularly described as follows: Begin at the Southerly point of said Lot S; thence Northwesterly along the Southwesterly side of said Lot 5, 18 feet, 10 inches; thence Northeasterly and parallel to the Southeasterly side of said Lot 5 to the Northeasterly line of said Lot 5; thence Southeasterly 18 feet, 10 inches to the most Easterly point of said Lot 5; thence Southwesterly to the point of beginning. Excepting therefrom: Those parts of Lots 5 and 6, Block 52, Monticello, according to the recorded plat thereof, Wright County, Minnesota described as follows: Commencing at the most easterly corner of said Lot 6; thence on an assumed bearing of North 64 degrees 58 minutes 26 seconds West along the northeasterly line of said Lot 6 a distance of 3.06 feet to an outside building line being the point of beginning of the land to be described; thence South 24 degrees 18 minutes 51 seconds West along said outside building line, a distance of 0.27 feet to a building corner; thence North 65 degrees 40 minutes 10 seconds West along said outside building line, a distance of 44.00 feet to a building corner; thence North 24 degrees 18 minutes 51 seconds East along said outside building line, a distance of 0.81 feet to the northeasterly line of said Lot 5; thence South 64 degrees 58 minutes 26 seconds East along said northeasterly line of said Lots 5 and 6, a distance of 44.00 feet to the point of beginning. 113 West Broadway, Monticello, MN 55362 A-1 MN325\45\756520.v2 EXHIBIT B TRADE FIXTURES [INSERT] B-1 MN325\45\756520.v2 a �Op, /2/ o,32' % _ ~ ♦ 9 w �q ss• x 7 i►�O S2• soh � s6' !� L dr— $ 9€ a ■M Downtown Small Area Study Implementation Workshop November 16, 2017 P--------------------------------------------------------------------------------------------------- articipants City Council: Brian Stumpf, Bill Fair, Jim Davidson, Charlotte Gabler, Lloyd Hilgart EDA: Tracy Hinz, Steve Johnson, Jon Morphew, Bill Tapper Parks & Recreation: Nancy McCaffrey, Larry Nolan Planning Commission: Katie Peterson Guests: Clay Sawatzke, Michele Hertwig Staff: Jeff O'Neill, Angela Schumann, Jim Thares, Jacob Thunander, Tom Pawelk, Rachel Leonard, Jennifer Schreiber Workshop Purpose Set a foundation for realizing the downtown plan by encouraging the various commissions to cooperatively review the elements of the plan, prioritize the components, and strategize implementation. Prioritization Exercise Organized by Highest Ranked Projects: Redevelopment: Pursue signature redevelopment on Block 52 with market rate housing and a destination restaurant that overlooks the park. Public Realm Improvements: Redesign riverfront parks to include more active events and programming in West Bridge Park (amphitheater, water feature, concessions) and passive uses in East Bridge Park. Broadway Street Commercial Vitality: Broadway Street Environment: Develop small pocket parks on vacant properties along Broadway, offering outdoor seating, and pedestrian connections to parking. Curb extensions at Walnut and Broadway to provide space for landscaping, seating, and gathering. Identity Building: Build Downtown's brand and identity by identifying the downtown core as the Broadway Walnut area, and naming it. Pursue marketing initiatives to build the new brand. Business Support & Development Establish fagade improvement programs that offer financial support for improving building appearance and district identity. Organized by Survey Category High -Impact: 1. Pursue signature redevelopment on Block 52 2. Redesign riverfront parks... 3. Establish fagade improvement programs... Low -Hanging Fruit: 1. Improve bridge underpass... 2. Develop small pocket parks... 3. Curb extensions at Walnut & Broadway Personal Interest! 1. Redesign riverfront parks... 2 Pursue Signature redevelopment on Block 52... 3. Reconnected Walnut Street to River Street... "k1, `°��' �.,✓/�._ fir �' » ; y, Project Implementation Exercise East & West Bridge Park Improvements Foundation: Location on the river, high visibility, varied topography, existing assets, capable parks staff, dedi- cated volunteers, popular community events. Challenges: Limited automobile & pedestrian access, perception of noise and actual noise, potential river island flooding, limitations of adjacent land uses, ma- ture trees can block views, hard to change what's al- ready popular. Mitigation: Acquire surrounding land to allow redevelop- ment and growth, connect Walnut Street to River Street, use signage and rebranding to encourage ex- ploring downtown and connecting with the parks, en- hance underutilized assets like the southeast stairs and bridge underpass. Leadership: Parks staff, Park & Recreation Commission, City Council, and EDA with redevelopment. Key Decisions: Park design, connection of Walnut St. to River St, reconstruction of River St, redevelopment of Block 52. Priority Tasks: Park design, remove understory plants for visibility to the river, programming & events, connect Walnut St. to River St. Block 52 Redevelopment Foundation: City owns a portion, another property for sale, high visibility, beautiful view, parks complement, EDA is engaged in acquisition. Challenges: Cost of acquiring property, getting the right developer, potential contamination, community confu- sion of public purpose, competition with completing Block 34, relocation costs. Mitigation: Continue acquiring land and empower eco- nomic development manager to meet with developers. Leadership: EDA for site control and incentives, staff for recruitment and negotiating, additional city staff from planning, public works, Wright County, etc. Key Decisions. Preliminary development agreement, zoning ordinance changes, incentives. Priority Tasks: Design for Walnut Street connection to River St., redesign West Bridge Park parking, acquire properties, reach out to developers to find the right partner, continue building relationships and communi- cating with property owners. Downtown Housing Development Foundation: Strong market, regional and local amenities, demographics, walkability, accessibility, site control, lender and council support, developers interested, jobs nearby. Challenges: Relocation development costs, water table, cost of quality construction, noise, traffic access, size of block divisions, developers have many options, zoning not currently aligned with plan, existing property & business owners. Mitigation: Gather better information on water table, shared equity solutions, create one TIF district, buying options. Leadership: EDA to lead land acquisition, TIF program, coordination with lenders & developers. Planning Com- mission to lead zoning review. City Council responsible for final approvals. Key Decisions: Determining one site or many, zoning approved that balances flexibility with predictability. Priority Tasks: Create package or feasibility for several sites so the city knows its limits and capacity, include aesthetic design expectations, get a more detailed un- derstanding of the downtown market, engage in out- reach to developers with marketing materials. Activating Broadway Streets Commercial Vitality Foundation: Proximity to parks and river, some business- es already making positive changes, changes will en- courage people to visit, opportunity to build relation- ships, high traffic area. Challenges: Not all buildings up to code, cost of rehabili- tation, lack of space for outdoor seating, lack of con- centration, need to agree on fagade style, traffic, busi- ness mix. Mitigation: Assess the state of properties, survey and encourage stakeholder participation, offer financial in- centives, help 1-2 businesses start to encourage others. Survey property owners to guide the focus. Leadership: Existing business group, Chamber, City Council, EDA, and city staff. Priority Tasks: Determine ownership of every parcel with contact information, reach out to property and busi- ness owners for their ideas, identify and build alliances, determine design standards. Other: Encourage EDA to build relationships. EDA: 11 / 10/21 6. Consideration of Shared Parking and Cross -Access Proposal in Block 34 — Mike Mitchell, 154 East Broadway (JT/AS) A. REFERENCE AND BACKGROUND: Mike Mitchell, owner of the multi -family apartment building located at 154 East Broadway, has submitted to a letter to City staff in which he proposes a shared parking and cross easement access agreement in Block 34. Mr. Mitchell's interest stems from his recent purchase of the building at the northeast corner of the block. The building is a former hotel that housed military recruits and then became an extended stay motel/apartment complex with modest to inexpensive rates. A portion of the first floor has also been used for varied commercial purposes. The building is located on a parcel with no existing on -site parking. In 2020 Mr. Mitchell purchased the property and began dialoguing with City staff regarding potential methods to add off-street parking spaces to accommodate rental offering the 11 residential units to tenants who owned motor vehicles. In the interim period since then, Mr. Mitchell has remodeled the facility, upgrading rooms and creating some units with two bedrooms. He also remodeled the small restaurant area on the main floor into commercial office suites available for rent. An illustration of the shared parking and cross easement proposal that Mr. Mitchell has submitted is attached. Mr. Mitchell's initial proposal illustrates utilizing the existing access from Broadway, shifting it to the west, and using this entrance point to access parking spaces he intends to construct on his site. With the adjustment of the access, Mr. Mitchell further proposes to reconfigure the parking on the City's adjacent parking lot for his use. If the EDA is inclined to consider the request, staff would make the following recommendations. The existing access shall remain as is and not be relocated. Relocation o the access would likely require review by Wright County would be best considered at the time of future redevelopment activity. 2. The access may be shared between the City and Mr. Mitchell but would only be subject to the terms and conditions outlined in item 6 below. 3. The existing parking on the City property is not recommended to be reconfigured as proposed, however, the City/EDA may consider allowing the short-term use of the existing spaces directly adjacent to the former "Zoo" property, but only subject to the terms and conditions of item 6 below. 4. Construction of the parking stalls on the apartment site shall meet the requirements of City Ordinance. EDA: 11 / 10/21 5. Mr. Mitchell will need to follow the required process for application for a conditional use permit for cross easement parking and access per City Ordinance. 6. An agreement for cross access and parking would be required. Mr. Mitchell would be solely responsible for the maintenance of the parking area on his property. The allowance for access and shared parking would be only until such time as the City and/or the EDA enter into a preliminary development agreement for the block. At that time, the City and EDA will endeavor to allow access to the created parking stalls, although the final location of the access and access route for the stall will be determined by the City/EDA with redevelopment planning. 7. Maintenance and condition of the access and City parking area would be solely at the discretion of thew City and further defined in the agreement based on the recommendation of the City Public Works Director/City Engineer. Staff would like to get feedback from the EDA regarding the proposal as it may affect future discussions and redevelopment plans for Block 34. If the EDA is supportive of the proposal, the next step for the request will be the City Council. The City Council will be asked to consider authorizing the cross -parking and access application, which will then be heard before Planning Commission and City Council. Al. STAFF IMPACT: There is a limited staff impact in considering the concept shared parking and cross easement access proposal at this time. Time commitments have been related to initial discussions about the proposal along with preparation of the staff report for presentation to the EDA. The EDA review of the concept is the first of what could be many steps on the way to approval if the EDA feels that the proposal is worthy and does not pose a conflict with potential future redevelopment in Block 34. Future steps would involve the Planning Commission and City Council as it would require a Conditional Use Permit (CUP). There may be other modifications to the proposal that may make it more appealing to the EDA and do not hinder future redevelopment proposals. A2. BUDGET IMPACT: There is a minor budget impact involved in a review of the proposal submitted by Mr. Mitchell. B. ALTERNATIVE ACTIONS: 1. No motion. Seeking EDA feedback only. 2. Motion of other as directed by the EDA. C. STAFF RECOMMENDATION: Staff believes that the EDA should review and offer feedback on the proposal. The main concern is that the ability to complete a future redevelopment project on the block be preserved and not hindered by commitments related to the shared parking and cross easement EDA: 11 / 10/21 concept proposal. Staff have discussed a variety of ideas with Mr. Mitchell previously and his proposal presents a potential solution to the parking challenges that he faces. D. SUPPORTING DATA: a. Letter from Mike Mitchell b. Illustration of Shared Parking and Cross Easement Access c. #1 Aerial Photo of Block 34; #2 Aerial Photo of Block 34 showing ownership d. Small Area Study Perspective Illustration 154 East Broadway Street Monticello Parking Lot Plan Dear: EDA We are looking to purchase a small amount of land from the lot next door where the old Zoo Bar use to be located. We would like to construct a small parking lot with 15 or so parking spots. We are hoping to buy the land and hopefully not just have an easement from the city. We believe that being able to buy this little bit of land and construct a small parking lot that will help us to attract better tenants and in turn those tenants will spend their money in the local downtown businesses. We currently have 1 off street parking spot and it creates a big problem for tenants who are looking to rent from us who drive. We are hoping that city can help us to work together and come up with a good plan so we can have permanent parking. Since owning the building, we have done lots of improvements and turned the old front restaurant into 9 small private offices that we rent at affordable rates with flexible terms to small business that also bring people into the downtown area who then shop and spend money in the downtown area. We are committed to our building and constantly improving it and being good stewards of the city of Monticello. Thank you very much for the consideration Mike Mitchell Owner of 154 East Broadway Street Monticello Building CEDAR STREET Nm 7" RAN IBA 8CMUM0 LAYOUT, NOT M W UM FOR 8TM N OR PUWM PIJRP08E8. ALL PROP6 UEB d Z0 M REOUEi SWM 1® TO W VU FM o M LOCATION DATE W d 154 E BROADWAY ST 09/08/21 JO Mfg MONTICELLO THA � w MMESOTA SCHWATN TRUMAN O'Jv'E_L �'�F Z (OPTION 1) �� , Y T = Q N. a i I(OPTIONV��c VFW SQUARE FOOTAGES 4,576 SF - HALF DRIVE 5,732 SF - FULL DRIVE EDAF; 5T W F- LU W Ir H 14 0 15 30 60 GRAPHIC SCALE Block 34 April 9, 2019 fig " ♦ f 1 t "► 1. s .� Sr O vi fir City Boundary CITY OF Monticello Bryan Pittman • 1 inch = 94 feet Map Powered by DataLink from WSB & Associates EDA Agenda: 11/10/21 7. Economic Development Director's Report (JT) A. OCBP Stormwater Engineering Work - Shovel Ready Site Certification Steps — Platting Steps Update: Work activities including surveys, and environmental studies are now underway to complete the Shovel Ready Certification steps in Otter Creek Business Park (OCBP). The wetland delineation steps have been completed as required in warmer weather providing guidance in how various lots can be platted as useable sites. Engineering layouts are also continuing for the proposed improvements needed for stormwater basins and drainage outlets due to anticipated new development in 2022 as well as extension of utilities and the Dalton Way roadway opening up new lots in the southeast area of OCBP. This engineering work will continue through the next few months overall. A schedule of activities and tasks is attached as Exhibit A. Also attached is Exhibit B which shows a draft illustration of a future Dalton Way extension and initial estimates of the acreage of the three new lots. B. Minneapolis Federal Reserve Bank News (Link(s) or articles: See attached article regarding recent survey of Economic Conditions in Minneapolis Federal Reserve Bank (911 District) — Exhibit C C. US-EDA News Blurb Link(s) or articles: CMRP arranged a phone conference with the Chicago Regional Office of US-EDA on October 20, 2021 to explore funding opportunities for communities involved in the organization. See Exhibit D regarding overview summary of potential US-EDA funding opportunities under the American Rescue Plan Act (ARPA). These programs are competitive and are premised on a "Why" is the request helpful or needed to advance an economic project consisting of public infrastructure such as roads or sewer and water utilities. US-EDA Funding Opportunities Link = https://eda.gov/funding-opportunities/ D. Prospect List Update: Please see the updated Prospect List as Exhibit E. E. Multi -Family Projects and Proposals: See Exhibit F. shows a pipeline of additional concept proposals for nearly 600 new units over the next few years. wsb Project Schedule Project: City of Monticello — Otter Creek Industrial Park Improvements Project No: 019102-000 Update: October 19, 2021 30 % & 60% Design Services (South Pond & Dalton Way Extension) Field Work (South Topographic Survey) .................................................. Week of October 11, 2021 WSB Kick Off......................................................................................................... October 18, 2021 City Kick Off............................................................................................ Week of October XX, 2021 Begin 30% Design.................................................................................................. October 25, 2021 City Meeting (Review 30% Design)....................................................... Week of November 8, 2021 Complete 30% Design & Estimate..................................................................... November 19, 2021 ° Soil Borings & Geotechnical Evaluation.................................................................. November, 2021 c� Utility Coordination (Exhibit to Contacts)................................................................ November, 2021 W Complete 60%...................................................................................................... December 6, 2021 U) City Meeting (Review 60% Design)....................................................... Week of December 6, 2021 30 % & 60% Desiqn Services (North Pond) 0 00 Field Work (North Topographic Survey) .................................................. Week of October 25, 2021 Complete 30% Level of Design......................................................................... November 26, 2021 City Meeting (Review 30% Design) ..................................................... Week of November 29, 2021 co Complete 60% Level of Design.......................................................................... December 17, 2021 City Meeting (Review 60% Design) ..................................................... Week of December 20, 2021 ,It Final Desiqn Services (North South Pond, City Lots, & Dalton Way Extension) Begin Final Design.................................................................................................. December, 2021 Utility Coordination Meeting........................................................................................ January, 2022 Complete 90% Design........................................................................................... January 21, 2022 U) City Meeting (Review 90% Design)......................................................... Week of January 24, 2022 o Complete Construction Documents (100% Plans & Specs)...................................February 9, 2022 a CC Approve Plans / Specs & Authorize Bidding ...................................................February 14, 2022 Za Bid Opening p g.................................................................................. Friday March 11 (Morning), 2022 Y ( 9) z CC Receives Bids / Awards Project.......................................................................... March 28, 2022 2 — Platting M Field Work (Topography)............................................................................... October 18 — 29, 2021 w Boundary Work (Pending Receipt of Title Work) ................................. Week of November 22, 2021 Complete Preliminary Plat (Pending Receipt of Title Work) .............................. December 17, 2021 U) Complete Final Plat................................................................................................ January 21, 2022 U) W Shovel Ready Certifications Z Complete Field Work (See Sections Above) ........................................ Week of November 22, 2021 > Complete Certification Reports (Pending Final Plat Recording)................................February, 2022 a a z Construction (For Reference Only) X Begin Construction........................................................................................................... June, 2022 o Complete Construction.................................................................................................August, 2022 FAEconomic Development\Boards\EDA\EDA Agenda\2021\11 - November\Item 6. Exh A-OCBP Improvements -Project Schedule 10-19-21.docx _ � JJ/• f c� r d W� Q � z Ln O Q 0 -N,j 80 2 } S � KEYNOTES: O DELINEATED WETLAND LINE O2 EXISTING POWER POLE 0 80' RIGHT OF WAY 0 45' ROAD (BACK TO BACK) O PROPOSED POND N 0 100 200 H: SCALE IN FEET • q Y �•� r `n r yt �% j. �� * Y�y�i % ✓�le �,.,v �,�• vvv v i Y LOT AREA - 7.20 ACRES a .a ♦ 4 3 1 ? I • ■ Zee ■'�� r� •.a ♦� 2 M t ; ,,' _ +•,� � _ � - . i � ;fie_ � N'J cli �� Se LOT 2�� I LOT AREA 6.78 ACRES oo ry Ij I • _ y T - ♦ P' 3 `• ` - - ■ - .; i' � gip• I 'm �� "� ♦-`� 5; . I ■ �,. Wit' , a"� I CEMEfTERY IQ Iy ,- "� • � LOT AREA - 20.66 ACRES o �0 93}'O o I , ' �� • � ■ do a � 60 r,• �� 80 h° eP / 7,7x, ; co S .. :AON NQ 5 ^. on J , _ — _.aF..fir: � �_■_■ � � 6 '� '� c40 d ,`� E � pry. � �`�> �*'a, � i o�/�'` �;; � ' &o %��o•% ,. wsb° ry SCALE: DESIGN BY: PLAN BY: CHECK BY: z� w a r rr LLwrm W 0 z v am¢� N��w¢ g�=wo w 6 amQ(7 W w N w , w Z J �Q¢Z, .wz x wl a O 1 ¢ x 10 x �¢swow x x }ova~ ma�wo iw�wa o 00— Q � c/) O � Z J c/) W W 0 Z> U Z W F_ Z W O Lu ILL U Y O a U O WSB PROJECT NO. 019102-000 SHEET OF X FEDERAL RESERVE BANK ,,�►; of MINNEAPOLIS Despite big challenges, firms optimistic Overall results were largely upbeat, but some stark differences show up in the experiences and sentiments of large versus small firms September 7, 2021 AUTHOR Ron Wirtz Wr Director, Regional Outreach The Federal Reserve Bank of Minneapolis surveys people across the Ninth District to gauge their recent economic activity and their outlook for the future. Our most recent general business conditions survey finds an overall net -positive outlook among businesses throughout the Ninth District for the next six months. However, labor availability, rising prices, and supply chain disruptions remain key concerns. Ninth District firms expect revenue growth will continue Businesses reported positive revenue growth overall during the last three months compared with both the same period last year and the previous three-month period this year. In both comparisons, about twice as many firms saw revenue gains as those seeing revenue declines. The outlook for the coming three months was even more upbeat, with almost half expecting revenue gains over last year, and just 20 percent projecting revenue decreases. Recent and future revenues Please estimate recent quarterly sales/revenue at your firm, and your expectations for the near future Last 3 months compared with the prior -- quarter Last 3 months compared with same period last year Expectations for next 3 months, compared with same period last year 0% 200,,. 40% 60°/a 80% 100% Decline of > 25% 0 Decline of 15-25% Decline of 5-15% C Mostly flat (+/-5%) ♦ Increase of 5-15% Increase of 15-25% Increase of > 25% Source: Federal Reserve Bank of Minneapolis Sector performance was more balanced than it has been in the past; while some variation among sectors exists, every sector saw net revenue growth among respondents. Larger firms reported significantly more -positive performance virtually across the survey, and performance tended to decline as firm size shrank. This has been a persistent finding in this survey since the start of the pandemic. Some sectors that were hard hit during the pandemic —particularly accommodation and food services —reported very strong recent activity. The performance of minority- and women -owned businesses (MWBEs) continued to lag White -owned firms in virtually all metrics, including revenue, hiring, wage growth, and outlook. Some of this is likely attributable to the smaller average size of MWBEs (see firm -size discussion); about 70 percent of responding MWBEs had 10 or fewer employees, compared with 46 percent for White - owned firms. Big challenges persist, but firms remain optimistic 1/3 Nearly 60 percent of respondents said they are somewhat or very optimistic for the coming six months, while only 20 percent are pessimistic. Large firms, again, are most optimistic. Existing workforce Please describe recent changes to average wages at your firm compared with 12 months ago More than 250 u 51 to 250 ! - w L 11 to 50 w 0 it 1 to 10 -- Sole proprietor 0% 20% 40% 60% 801/0 1000/0 Wage cut (any size) C Little or no change (+/- 1%) 9 Wage increase of 1-3% Wage increase of 3-5% Wage increase > 5% Source: Federal Reserve Bank of Minneapolis When asked to identify the biggest challenges to operating capacity and productivity, most respondents raised three concerns that have become familiar for businesses across the Ninth District: labor availability, price increases, and supply chain disruptions. Each of these far outranked the fourth -place option (and usual pre -pandemic favorite), government taxes and regulation. .y Challenges Aside from customer demand, what are the two greatest challenges to your current operating capacity and productivity? Labor availability Price increases for inputs Supply chain disruptions Governmenttaxes and regulation COVID-related costs and other impacts Other (please identify below) Making necessary capital expenditures Government operating restrictions - Child care Inability to return to office 0% 10% 20% 30% 40% 50% 60% Source: Federal Reserve Bank of Minneapolis Large firms raise wages, increase workforce Overall, firms reported relatively moderate wage increases. About 35 percent said wages had risen by 3 percent or more over the last year. Wage growth was much stronger among larger firms. Among firms with fewer than 10 employees (56 percent of respondents, including sole proprietors), only about 25 percent increased wages by 3 percent or more, and about half gave no wage increase at all. In contrast, among employers with at least 50 employees, close to half gave wage increases of at least 3 percent, and only 13 percent gave no wage increase. 2/3 4. Outlook What is your outlook for the coming six months? ME 0 0 Likely to go Very Somewhat Neutral out of pessimistic business pessimistic Source: Federal Reserve Bank of Minneapolis 40% 35% 30% 25% 20% 15% 10% 5% ■ ■ ■ 0% Somewhat Very optimistic Don't know optimistic Somewhat surprisingly, firms overall reported no net growth in workforce over the last three months; a similar share (about 22 percent) reported both increases and decreases in staffing levels compared with three months ago. However, large firms — which employ a majority of all workers — reported strong net staffing growth. While most respondents said the labor market is moderately (30 percent) or extremely (50 percent) tight, most remain upbeat about expected staffing levels over the next six months. Nearly one-third expect workforce growth, while 17 percent predict decreases. Hiring was more upbeat among large firms, but all categories of firms with employees expect net head count growth over the next six months. About the Minneapolis Fed general business conditions survey Conducted July 16-29, 2021, the Minneapolis Fed general business survey received 492 responses from across the Federal Reserve's Ninth District, which includes Minnesota, Montana, North Dakota, South Dakota, the Upper Peninsula of Michigan, and northwestern Wisconsin. About one-third of responses came from firms based in Minneapolis -St. Paul. Responses were modestly over -represented among firms in the Upper Peninsula of Michigan. Every other region or state had at least 25 responses. Given that the survey closed in late July, the results likely do not capture any changes in perspectives related to the COVID-19 delta variant, which accelerated in August. Because of these factors, readers should exercise appropriate caution interpreting results. Ron Wirtz Director, Regional Outreach Ron Wirtz is a Minneapolis Fed regional outreach director. Ron tracks current business conditions, Lis with a focus on employment and wages, construction, real estate, consumer spending, and tourism. In this role, he networks with businesses in the Bank's six -state region and gives frequent speeches on economic conditions. Follow him on Twitter @RonWirtz. REQUEST AS A SPEAKER 3/3 Search (http://www.facebook.com/eda.commerce). _(https://www.instaoram.com/edagoov .(https://twitter.com/US EDA), ®_(https://www.linkedin.com/company us -department -of -commerce -economic -development - administration), 0_(bttps://www. outube.com/user/EDACommerce) About (/about/) Funding Opportunities (/funding -opportunities/) Programs (/programs/) Success Stories (/success -stories/) Resources (/resources/) Newsroom (/news/) Events (/events/) HOME (/). / EDA American Rescue Plan Programs EDAAMERICAN RESCUE PLAN PROGRAMS PARTNERING WITHAMERICA'S COMMUNITIES TO BUILD BACK BETTER The Build Back Better Regional Challenge Phase 1 application has closed. We are no longer accepting proposals for that program at this time. EDA still has over $1B in other funding opportunities open for communities to apply. `The bottom Line is: The American Rescue Plan meets the moment." PresidentJoseph R. Biden On March 11, 2021, President Joseph R. Biden signed the American Rescue Plan into law. This historic legislation was designed to enable all Americans to respond to and recover from the impacts of COVID-19. Under the American Rescue Plan, EDA was allocated $3 billion in supplemental funding to assist communities nationwide in their efforts to build back better by accelerating the economic recovery from the coronavirus pandemic and building local economies that will be resilient to future economic shocks. American Rescue Plan funding enables EDA to provide larger, more transformational investments across the nation while utilizing its greatest strengths, including flexible funding to support community -led economic development. With an emphasis on equity, EDA investments made under the American Rescue Plan will directly benefit previously underserved communities impacted by COVID-19. EDA is making a Coal Communities Commitment, allocating $300 million of its $3 billion American Rescue Plan appropriation to ensure support for these communities as they recover from the pandemic and create new jobs and opportunities, including through the creation or expansion of a new industry sector. This commitment will be fulfilled through $100 million in Build Back Better Regional Challenge grants and $200 million in Economic Adjustment Assistance grants. EDA is proud to make this funding available through a series of six innovative challenges. Please click the logos below for more information on each American Rescue Plan funding opportunity and the Coal Communities Commitment. S. U = CO N M M ro .(/arpa/build-back-better/) Build Back Better Regional Challenge (/arpa/build-back- better/), .(/arpa/good-jobs-challenge/) Date of 11/17/2016 6/22/2017 10/17/2017 5/22/2018 7/30/2018 8/10/2018 11/29/2018 12/14/2018 3/28/2019 5/9/2019 8/16/2019 9/19/2019 1/20/2020 3/31/2020 8/27/2020 PROSPECT LIST Company Name Business Category Project Description MN DEED Prospect Metal Mfg. Exist Facility + Equip Project Armstrong Precision Machining New Facility Constr. + Equip UMC Project #6580 Metal Mfg. New Facility Constr. Project Ted Equipment Mfg. New Equipment Karlsburger Foods Food Products Mfg. Facilty Expansion Project Saturn Plastic Products Mfg. New Construction Project Jupiter Metal Mfg. New Construction Project Blitzen Precision Machining Exist Bldg or New Const. 11/05/2021 Building -Facility Retained Jobs New Jobs Total Investment Project Status 65,000 sq. ft. 0 55 - $2,500,000 Active Search 100 58,000 sq. ft. 205 60 $10,831,000 Construction 70,000 sq. ft. 0 49 $5,480,000 On Hold N/A 45 ? $650,000 Concept Stage 20,000 sq. ft. +/- 42 10 to 4,500,000 Act -Plan -Fin 20 5,000 +/- sq. ft. 4+/- $830,000 Active Search 5,000 sq. ft. +/- 3 $800,000 Active Search 12,000 sq. ft. 10 $1,200,000 Concept Stage Project Comet Commercial Bus New Const. 1,700 sq. ft. +/- 7 $700,000 Active Search Project Nutt Co -Working Space Existing Building ? ? ? ? Concept Stage Project FSJP Light Mfg -Res. Lab New Construction 20,000 sq. ft. 0 20 +/- $1,400,000 Active Search Project Jaguar Office New Construction 22,000 sq. ft. 22 4 $2,700,000 Active Search Project Kata Service New Construction 22,000 to 35,000 sq. H 0 25 $7,900,000 Concept Stage Project Panda v3 Service -Child Care New Construction 10,500 sq. ft. 0 21 $4,100,000 Active Search Project GiaSaurus Medical Prod. Mfg. New Construction 175,000 sq. ft. 0 7S $S0,000,000 Active Search Project Nuss Combo Service -sale New Construction 30,000 sq. ft. 0 20 to $3,500,000 Concept Stage �n 12/23/2020 11/5/2020 2/16/2021 2/18/2021 2/18/2021 3/19/2021 1 4/23/2021 6/3/2021 ProjectTD Industrial Project Flower Office Project Cold Industrial -Warehouse -Di stri Project Shay Lounge -Restaurant Project Counsel Office -Service Project Orion Warehouse-Distributi on Project Emma Light Ind -Assembly Project FCW Service Existing or New Construction 10,000 to 15,000 sq. 0 H Existing 7,000-8,000 sq. ft. 0 New Construction 80,000 sq. ft. 0 Existing Bldg. 2,200 0 New Construction 5,600 sq. ft. 24 New Construction New Construction New Construction w Redev 832,500 sq. ft. 0 5 to 7 $800,000 Concept Stage 12 $750,000 Concept Stage 21 $12,000,000 Concept Stage 4 $150,000 Concept Stage 3 $1,120,000 Concept Stage 500 $125,000,000 Active Search 20,000 sq. ff. 0 4 $1,350,000 Active Search 4,OOOsq. ft. 0 9 $4,619,000 Concept Sta 6/16/2021 Project LJBAA Child Care Services New Construction or Exist 5,000 sq. ft. 0 14 to 19 $2,000,000 Act Search 6/30/2021 Project Ecosphere Industrial Tech Mfg. New Construction 1,000,000 sq. ft. 0 1122 $85,000,000 Act Search 7/29/2021 Project BA710 Lt Assem-Distribute New Construction 6,500 to 7,000 sq. ft 0 10 $650,000 Active Search 8/12/2021 Project Integrity Precision Mfg. New Construction 100,000 sq. ft. 0 60 $14,800,000 Active Search 110/28/2021 Project Stallion Technology Service New Construction? 30,000 to 40,000 sq. ft. 10 $3,000,000 Active Search I Contacts: M = 02 YTD = 27 City of Monticello Multi -Family Housing Projects October 28, 2021 Time Period Name -Developer Units 1. 2020 (CO issued May) Rivertown Residential Suites (Afford) 47 units 2. 2020 (CO issued Dec.) Willows Landing -Headwaters (Sr. Ass Liv) 92 units 3. 2021 (CO issued July) Deephaven — Ph. 1 (MR) 51 units 4. 2021 (Permit — July) Deephaven — Ph. 2 (MR) 61 units 5. 2021 (Permit — August) Deephaven — Ph. 3 (MR) 53 units ***************************************************************************** 6. 2022 (Proposal) Headwaters Development (Sr. Afford) 60 to 100 uns 7. 2022 (Proposal in Review) G-Cubed Development (MR) 8. 2022 (Proposal) 9. 2022 (Re -Approval) 10. 2023 (Concept) Duffy Development (LIHTC) Kjelberg Site (CH) (MR) 200 units 63 units 96 units Block 52 — PDA with Deephaven (MR) 90 units 11. 2023 (Concept) Gramercy (Sr. Co -Op oo Condo) (MR) 75 units