HRA Agenda 05-02-2007
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AGENDA
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
Wednesday, May 2, 2007 - 6:00 p.m.
Bridge Room - Community Center
Commissioners:
Chair Brad Barger, Vice Chair Steve Andrews, Darrin Lahr, Dan Frie, and Bill
Fair.
Council Liaison:
Wayne Mayer.
Staff: Rick Wolfsteller, Ollie Koropchak, and Angela Shumann.
Guest: Mike Cyr, MLC Building and Remolding, Inc.
1. Call to Order.
2. Consideration to approve the April 11 , 2007 HRA minutes.
3. Consideration of adding or removing items from the agenda.
4.
Consent Agenda.
5 Consideration to discuss the presentation on the Cedar Street Garden Center for possible
acquisition and to take action accordingly.
6. Consideration of a request from Lyle Trunnell for HRA purchase of residential property.
7. Consideration of a request for advancement of the pay-as-you-go finance method associated
with TIP District No. 1-29 (Front Porch.)
8. Consideration to authorize payment ofHRA bills.
9. Consideration ofHRA Executive Report.
10. Committee Reports: Marketing
Fiber Optics
11. Next regular HRA meeting - Wednesday, June 6, 2007.
12. Adjournment.
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BRA Agenda - 05/02/07
5.
Consideration to discuss the Dresentation on the Cedar Street Garden Center for
possible aCQuisition and to take action accordinl!lv.
A. Reference and back~round:
At the HRA meeting of April 11, 2007, the commissioners heard a presentation requesting the
HRA to consider purchase of the Cedar Street Garden Center located at 201 East Broadway.
The 1.12 acre (48,787 sq ft) site includes a 6,494 sq ft building. Zach Adams, Wright-
Sherburne Realty, presenting on behalf ofthe seller, Leslie Delisi, noted he had spoken with
Chuck Van Heel, Allied Properties, of their interest to purchase the said site. Van Heel
indicated the timing wasn't right. Given the long term goals and interest by the HRA to
redevelop the river front, the item appeared before the commissioners. According to the
owner, the East Broadway traffic is in transition since the opening of the new easterly
interchange and the big box retailers. The asking price is $459,900. The commissioners
inquired of the owner's interest to lease back the property. The nature of the garden center
business has changed with the opening of the Home Depot and Wal-mart. Would prefer
buyout or lease back for a short time only. The HRA commissioners made a motion to table
for further research until the May 2nd meeting.
ADDITIONAL INFORMATION:
In August 2006, the asking price for the Garden Center was $690,000.00.
September 2006, the HRA offered two property owners on Block 52, $13.31 per sq ft
(highest commercial land value) plus 15% or $15.3065 per sq. ft. Later, the HRA raised the
offer to $17.50 per sq. ft. with some flexible terms. Should the HRA wish to use that same
rational, the Garden Center offer at $17.50 per sq ft. x 48,787.2 = $853,776. Using
$15.3065 is $746,761.12. Their asking price in April was $459,900 or $9.4266 per sq. ft.
Potential funding source. TIF 1-22 Net today: $299,864, TIP 1-22 projections over life of
district (2024) by Ehlers: $1.4 million available from 20% pooling rule for use within the project
area but must be used for redevelopment purposes. Since the district is established no need for
redevelopment inspection. The parcels are within the four-year knock down rule.
However, should the HRA want to demolish the building and in the future wish to remove the
parcels from District No. 1-22 for the purpose of creating a new redevelopment district to
maximize the tax increment, then the HRA should consider an inspection of the parcel for
qualifying as substandard and request Council to a adopt of resolution ofmemorialization: More
of less stating that the parcels was certified substandard prior to demolition for the intent of a
I
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HRA Agenda - 05/02/07
future new redevelopment district.
Although an appraisal is not required of the HRA, should other funding agencies such as
community block grant become a part of future funding, an appraisal may be required.
Additionally, it's a good backup if someone ask.
B. Alternative Action:
1. Motion to authorize an appraisal for the Cedar Street Garden Center.
, terms as defined,
to draft a
2.
Motion to make an offer in the amount of $
subject to no relocation costs and authorize
purchase offer.
3. Motion of no interest in the property.
4. Motion of wait and see until Comprehensive Plan Update completed.
.
c.
Recommendation:
Certainly the asking price per square foot is less than the offer price of $17.50 for the Block 52
properties; however, Block 52 is one of the four blocks at the intersection of Highway 25 and
Broadway and key to the redevelopment of downtown. Previously, the HRA has obtained an
appraisal prior to purchase of property (Carlson, O'Connor, etc.) Because of the auction, no
appraisal was obtained for the eight-plex on WalnutlRiver Street. Is this site the best use of
TIF District 1-22 pooling dollars? Do you see this site along East Broadway with no river
exposure as a crucial site for redevelopment of downtown? Should the HRA be interested in
proceeding with the purchase of this site, the Executive Director and Finance Director
recommend Alterative No. 1.
D. SUDDortinl! Data:
Maps, real estate info, and tax info.
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2
4/1112007
201 E Broadway St, Monticello, MN 55362-9317
Customer Full Report, Commercial/Mixed Use, MLS#: 3348975
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Status: Active
List Price: $459,900
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Map Page: 31 Map Coord: 02
Directions:
94 to Hwy 25 North, East on Braodway
to Garden Center on Left
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'~CoIp~06N~'ITl!Q""I<<Tllelll's,~,
MLS Area: 341 - Wright County (Except Buffalo)
CMU Style: IndustrialJWarehouse, Other, Retail/Shopping Center
Current Use: Commercial
Canst Status: Previously Owned
Total Units: 1
Foundation Size:
Building Finished SqFt:
6,494
6,494
Year Built:
Acres:
Lot Dimen:
1970
1.12
see plat
TAX INFORMATION
Property 10: T155010067010
Tax Year: 2007
Tax Amt: 14,963.00
Assess Bal: 0.00
Tax w/assess: 14,963.00
Assess Pend: No
Homestead: No
General Property Information
Legal Description: Lenghty
County: WRIG - Wright
School District: 882 - Monticello, 763-271-0300
Complex/Dev/Sub:
__at Description:
~oad Frontage:
Zoning:
Accessibility:
LakelWaterfront:
Owner is an Agen!?:
Public Remar1<s:
Business/Commercial
None
Owner Occupied: Yes
Lake Name:
No
1.12 acres of prime commercial land on high traffic mainstreet, sale price includes land and
buildings, 6494 sq ft building currently used as garden retail center. great location for
possible redevelopment, traffic counts are high w/ great frontagel
Structure Information
Heat:
Fuel:
AirCnd:
Garage Stalls:
Other Par1<ing:
Par1<ing Char.
Utilities:
Miscellaneous:
Sale Includes:
Appliances:
No. 01 Ranges:
No. 01 Refrig:
Basement
Pool:
Shared Rooms:
.AmenitieS-Shared:
Amenities-Unit:
Forced Air
Natural Gas
Wood
0.00
o
Other
Exterior:
Fencing:
Root
Water:
Sewer:
City Water - Connected
City Sewer. Connected
Building, Land
Information Deemed Reliable But Not Guaranteed. @2007 Regional MLS of Minn., Inc. All Rights Reserved.
Page 1012
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I { Plat Map )
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Cedar Street Garden Center
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Wright County )) Property Search ))
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I Parcel Data I
Property ID: 155-010-067010 Tax Year: 2007 II
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Tax Summary
T ax Statement
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Property Address:
201 BROADWAY E
MONTICELLO MN 55362
Municipality: CITY OF MONTICELLO
School Dist: 0882- MONTICELLO
Owner Name: (CONTRACT FOR DEED)
ANTHONY P & LESLIE DELISI
%DELISI INC
20lBROADWAYE
MONTICELLO MN 55362
Taxpayer Name & Address:
DELISI, INC
PO BOX 746
MONTICELLO MN 55362-0746
Lot:
Block:
Section: 11
Township: 121
Range: 025
Plat Name:
ORIGINAL PLAT
.
Deeded Acre: 0
Legal Description: LOTS 1,2,3,4&5 BLK B
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to publish the most current property information, Wright County does not guarantee accuracy ofthe material contained
herein and is not responsible for misuse or misinterpretations.
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HQ!D~)) f!1m_~r!Y,-E_1JyirQnm~t ~Park~ >) EIQPJ~rty)) P.r.QP-e_[t~~_~h )) Results List)> Assessment Summary
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The property information database is updated daily. Last updated:4/25/2007
I Assessment I
Property ID: 155-010-067010 Tax Year: 200711
New Search
T ax Summary
Sales DetaIl
T ax statement
AppraIsal
Parcel Data
Values 1 2 II 3 II 4 II 5
Estimated Land Market 217,600
Estimated Building 134,100
Market
Estimated Machinery 0
Market
Excluded Market 0
Total Estimated Market 351,700
Land Limited 0
Building Limited 0
Total Limited 0
Classifications
COMM
Property Type LAND &
BLDGS
Homestead Statns NON-
HOMESTEAD
Exempt Status Not Exempt
New Sl~arch :: f.<!r<;el Data:: Ta)(S\lIllmill)':: ImLStatem_el1.t :: Assessment:: Appraisal:: S.ales
Detail
As a public service Wright County is providing access to information maintained by Wright County for individual
parcels of property. This information is to be used for reference purposes only. Although reasonable efforts are taken
to publish the most current property information, Wright County does not guarantee accuracy of the material contained
herein and is not responsible for misuse or misinterpretations.
~QME_PAc:Jl; I YOUR COUNTY GOVERNMENT I HEALTH FINANCIAL & SOCIAL SERVICES I PUBLIC SAFETY LAW & LEGAL
LICENSES & CERTIFICATES I PROPERTY ENVIRONMENT 1< PARKS I HIGHWAY MANAGEMENT & TRANSPORTATION
SALARY DATA NOTIFICATION I SEARCH I FAQ'S I ,SITE MAP I GOVERNMENT PORTAL I EMAIL
@2006 Wright County All Rights Reserved Contact the Webmaster
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Home >> Prooerty,Enviroranmt& J'arks >> J'fQJ1l'Xty >> Property~e~x<;h >> Results List >> Tax Summary
Property Search View Parcel Tax Summary
The property information database is updated daily. Last updated:4/25/2007
ITax summaryl
Property In: 155-010-067010 Tax Year: 2007;1
Sales Detail
New Search
Tax statement
Assessment
Appraisal
Parcel Data
Taxable Market Value 351,700
Total Improvement Amount 0
Tax Capacity Amount 6,284
Green Acres? No
Total Net Tax 9,542.47
Total Specials 2,067.53
Total Gross Tax 11,610.00
Total Adjustments 0.00
Penalty Collected 0.00
Interest Collected 0.00
Tax Collected 1st Half 0.00
Tax Collected 2nd Half 0.00
Special Assessments Collected 0.00
Total Amount Uupaid 11,610.00.
Prior Years Unpaid? Yes
. The Total Amount Unpaid docs not include late payment penalties. [fyou are paying after the due date, call 763-
682-7572 or 763-682-7573 to acquire the total amount due. Late payments received without the penalty will be flrst
applied to the penalty owed, leaving a tax amount due.
Ns;w SS;llrch:: Parcel Datll :: Tax Summary:: Tax Statement :: Assessment :: Appraisal :: Sales
Detail
As a public service Wright County is providing access to information maintained by Wright County for individual
parcels of property. This information is to be used for reference purposes only. Although reasonable efforts are taken
to publish the most current property information, Wright County does not guarantee accuracy of the material contained
herein and is not responsible for misuse or misinterpretations.
HOME PAGE I YOUR COUNTY GOVERNMENT I HEALTH FINANCIAL & SOCIAL SERVICES I PUBLIC SAFETY LAW & LEGAL
LICENSES & CERTIFICATES I PROPERTY ENVIRONMENT & PARKS. I HIGHWAY MANAGEMENT & TRANSPORTATION
SALARY DATA NOTIFICATION I SEARCH I Ef',Q'S I SITE MAE I GOVERNMENT PORTAL I EMAIL
@ 2006 Wright County All Rights Reserved Contact the Webl]1aster
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BRA Agenda - 05/02/07
6.
Consideration of a reauest from Lvle Trunnell for the BRA to purchase a residential
property.
A. Reference and backlrround:
Mr. Lyle Trunnell is requesting the HRA consider purchase of his property located at 301 East
Broadway. In 2006, Mr. Trunnell had inquired about the Transformation Home Loan program
offered by the HRA. In 2007, he again inquired about the Home Loan program and then
returned requesting the HRA consider purchase of his residential parcel and provided a copy of
his 2007 Tax Statement.
Given the current housing real estate market combined with the older housing stock in the core
city, the HRA may be approached more often as a means of being a potential buyer.
B. Alternative Actions:
1. Motion to authorize an appraisal of the property.
. 2. Motion to consider making an purchase offer.
3. Motion of no interest to purchase.
4. Motion to table any action.
C. Recommendation:
The Executive Director and Finance Director recommend Alternative No.3 as the HRA has no
plan for redevelopment ofthe area or block, we support the transformation home loan
program, and the HRA is not flush with readily available cash.
D. SUDPortiUl! Data:
Tax Statement and map.
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21404
LYLE S TRUNNELL
301 BROADWAY E
PO BOX B62
MONTICELLO MN 55362-0662
1,1,1"1,1",11"11",,1,111,,.1,,1,,11,,,,1,1,11,,"1,1.1,1,1
~.,.v 0'
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"_0
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78S6
C54
20233
21122 21404
PARCEL
IDENTlFICA nON NO, R155-015-005090
DESC Sect-II Twp-121 Range-025
LOWER MONTICELLO
Lot-009 Block-005
LOTS 9 & 10 BLK 5
'New ImprovementsJ
Expired ExcitJslons:
Estimated Markat Value:
Taxabla Market Value:
Property Class:
1. Use this amount on Form M1PR 10 see if you're eligible for a property tax refund.
File by August 15. If Box is checked, you owe delinquent taxes and aranot eligible .
2 Use this amount for the special properly tax refund onsc~~le 1 of Form M1PR
Your property tax and how it Is reduced by the State of Mlnne~ta
3. Your properly lax before reduction by stale-paid aids and crEidits.
4. Aid paid by the Stale of Minnesota 10 reduce your property tax_
5 Credits paid by lhe Slale of Mirmesolalo reduce you(property tax
A. Homestead and Agritultural Credits_
8. Other Credils.
6. Your property lax after reduction by stale-paid aids and credits.
Where Your Property Tax Dollars Go
7 County WRIGHT COUNTY
o
$
$
$
MONTICELLO CITY OF
8 City or Town
9 Stale General Tax
... School DIStrict 0882
.Speclal Taxing Districts
A_ Voter approved levies
Bother localleYies.
A HOSPITAL DISTRICT
B
C
D
12 Nan-school valer awroved referenda levies
13. Total properly !axes before special assessmenls
14 Special Ass,",smen15 added 10 the properly lax bill: PRINCIPAL
$
22.00
CO SW DEBT 86000-0
22.00
15. YOUR TOTAL PROPERTY TAX AND SPECIAL ASSESSMENTS.
$
Taxes of $50.00 or less must be paid in full. H you pay your taxes
late, you will be charged a penal!}-, See back for rate.
Pay this amount no later than:
Pay this amount no later than:
ROBERT J. HIIVALA
WRIGHT COUNTY AUDlTORffREASURER
to SECOND STREET NW., ROOM 230
BUFFALO, MN 55313-1195
763-682-7572 or 763-684-4540
www.co.wright.mn.us
2006
114,100
114,100
RES. HSTD
1,064.00
2,899.56
1,555.85
289~11
0,00
1,064.00
291.09
0.00
451 A5
. ,0.00
201.00
81.51
20.89
D.OO
0.00
D.OD
0.00
1,064.00
:z4.00
1,088.00
MAY 15
OCTOBER 15
You may be eligible for one or even two refunds to reduce your property tax. Read the back of this statement to find out how to apply.
2007
120,400
120,400
RES. HsTO
$
$
2,1~1,8:j
1,429.Sf
264.04
0.00
1,008.00
$
. 289.11 .
..0.00
398.26
0.00/\/ ;-
. 189.24.,,'.
104.11
21.89
0.00.. .
.0.00
D.OO
0.00
1.008.00
, 22.00.
$
$
$
$
1,030.00.
515.00
515.00
Detach and return this stub with your 2nd half payment
2007 2nd HALF PAYABLE OCTOBER 15
Property 1.0.: R 155.()15.()0509D
RES. HSTD
RE TAX
Detach and return this stub with your 1st hair payment
2007 1st HALF PAYABLE MAY 15
Property 1.0.: R 155.()15.()05090
RES. HSTD
RE TAX
1011 21404
TAX BILL# 21122
1011 21404
TAX BILL# 21122
SECOND HAlF TAX AMY
LYLE S TRUNNELL
LYLE S TRUNNELL
$
515.00
. PLEASE iNDiCATE ADDRESS CHANGE ABOVE
PEN
PLEASE INDlCATE ADDRESS CHANGE ABOVE
TOTAL
MAKE CHECKS PAYABLE & MAIL TO:
Robert J. Hiivala AuditorlTreasurer
WrightCouTlty
lO Second Sc NW.. Room 230
Buffalo, MN S53lJ-1l95
MAKE CHECKS PAYABLE & MA(L TO:
Rohert J. Hiivala Auditor/Treasurer
Wright County
10 Second 51. N.W_. Room 230
Buffalo,MN55313-1195
$
FUll TAXAMT
1,030.00
FIR5THALFTAXAMT
$ 515.00
PEN
TOTAL
,,~ ~. .,,~ ~._. r '~L,,_ D '~"._M.' v,u,. __",..".., ..h..o_' ;, ".." ....'-.;." n,;, ~ecei"", .,,;d;f ,.""", i< nnl MnMI'rl
:-/0 Re"eilll Sent IJnlo:-"" Reuuested Your cancelled ~!Yeck i, yOur receipt. Thi! RCI.'Cipl i~ void ,i ~hed; i~ not rumored
Page 1 of 1
Ollie Koropchak
From: Greg Hayes [ghayes@shingobee.com]
Sent: Tuesday, May 01, 2007 3:20 PM
To: Ollie.koropchak@monticelloland.com
Subject: Redevelopment
Attachments: CornerBldg_pro.jpg; Cornerstone St Michael Computer Image 051906.pdf; the Cornerstone
SITE PLAN 060324.pdf
Ollie,
Nice to see you again today.
From our discussion I am sending you some images of our St. Michael project. I will also be sending you a hard
copy set with additional information in the mail.
I'll look forward to your call updating me on how the initial information was received by the HRA.
Greg Hayes
Vice President
Shingobee Real Estate Services
phaves(a~shinoobee.com
763-479-5636
5/2/2007
~, ~ t acs , 1 ~,
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BRA Agenda - 05/02/07
7.
Consideration of a request for advancement of the nav-as-vou-l!O fmancinl! method
associated with TIF District No. 1-29 (Front Porch.)
A. Reference and backl!round:
Mike Cyr, Front Porch Associates, Inc., developer of Vine Place, is requesting the HRA
consider an advancement of the pay-as-you-go note. As you recall, the Contract for Private
Development was assigned to First National Bank of Elk River; therefore, the semi-annual
reimbursement payments are paid to the Bank. The total amount ofland acquisition and site
improvement costs for reimbursement per the Contract is $220,000 at 7.25% interest.
Payments from 80% of the tax increment received from the County through 2029. As of
December 31, 2005, no principal amount, only interest, had been reimbursed by the HRA to
the Bank. The District balance as of December 31, 2006 is approximately $22,000. It was
pointed out by Mr. Cyr that within the Contract on page 8: The Authority may prepay all or
part of the Land Acquisition and Site Improvement Costs at any time.
Per the Contract, the developer was to complete the total of eighteen townhouses within the
TIF District by December 31,2004. This was accomplished March of2005. Additionally, the
Contract states that an additional eight townhouses (outside the TIF District but within the
project area) must be completed by December 31, 2007. Of the additional eight townhouses,
a certificate of occupancy have been issued on four of the eight townhouses by the Building
Department. This clause assured the HRA that the entire redevelopment project area would be
developed and on the city tax role; although, tax increment is generated only from within the
boundaries of the TIF District.
Mr. Cyr will attend the HRA meeting to further explain his request and rational. It is my
understanding, his request is for an advanced payment of $60,000 as a bridge loan to First
National Bank of Elk River. His request is for an advancement on the interest and not the
principal amount.
B. Alternative Action:
1.
A motion to advance the pay-as-you-go note in the amount of $
First National Bank of Elk River.
to
2. A motion to deny advancement of the pay-as-you-go note to First National Bank of
Elk River.
3. A motion to table action for further research.
1
.
HRA Agenda - 05/02/07
C.
Recommendation:
The Executive Director and Finance Director recognize the down-turn in the housing market
especially the townhouse market and that Mr. Cyr is a quality builder; however, we do
recommend the HRA advance funds because the purpose of the HRA is not the banking
business, lack of security (no Assessment Agreement, would be difficult to obtain from owner-
occupied homeowners), completion date of all townhouses with the TIF project area appear
will not be satisfied, and the HRA is not flush with available cash for advancement. This is a
qualified Housing District which means there is no pooling restrictions but must be used for
affordable housing. Recommendation Alternative No.2.
D. SUDDortinl! Data:
Letter of February 2005.
.
.
2
February 17,2005
MONTICELLO
Front Porch Associates, L TD
Attn: Mike Cyr
P.O. Box 1338
Monticello, fvrN 55362
Re: Contract for Private Development by and among Front Porch Associates, L TD, Housing and
Redevelopment Authority in and for the City of Monticello, and City of Monticello, Minnesota.
To Whom It May Concern:
.
On May I, 2002, the Contract for Private Development was entered into among the above said
parties. \Vithin the Contract, the Developer agreed to complete the construction of the minimLlm
improvements for a total of eighteen townhouses on the Development Property (TIF Housing District)
by no later than December 3 J, 2004. As on this date, the Developer has been furnished a
Certification of Completion for each of the seventeen townhOllses completed. It is my understanding,
the eighteenth townhouse will be completed with the closing scheduled for the end of March 2005. The
Developer should be commended for his timeliness in completion of the minimum improvements within
the Development Property and satisfying the qualifications for a TIF Housing District.
Also per the Contract, the Developer agreed to complete the construction of the minimum
improvements for an additional eight townhouses on the Adjacent Property (outside TIF District but
within project area) by no later than December 31,2007.
The Authority encourages the Developer to continue his good works and to complete the additional
eight townhouses on the Adjacent Property on a timely basis. Should you have any further questions
relative to the construction progress of Vine Place, please call me at 763-271-3208.
Sincerely,
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MONTICELLO
CJ~ \<(0) () (iJ) ~.~
Ollic Koropchak
Executive Director
.
c: TIF District No. 1-29 File
~-'---------'---'-"'---~-'--'-'--'-'-~-------"-"-'~------ ----- -------~~~-----.-.__._--------- -----_.._---~.__..._----_.._,.._~---
Monticello City Hall, 505 Walnut Strect, Suite J, Monticello, MN 55362-R83I . (763) 295-271 ] . Fax: (763) 295-4404
Office of Public Works, 909 Golf Course Rd., Monticello, MN 55362. (763) 295-3170. Fax: (763) 271-3272
.
.
.
8.
Consideration to authorize oavment of 8RA bills.
Recommendation is to authorize payment of bills.
1
8RA Agenda - 05/02/07
CONROY LAW
Stephen R. Conroy
Attorney at Law
CLIENT NAME: HRA
c/o Ollie Koropchak
ADDRESS: City of Monticello
BILLING PERIOD:
DATE
4/10/2007
r~
u
~~ ~ ~
~ ~ _ a `~1
261 East Broadway
P.O. Box 999
Monticello, MN 55362
(763)245-6667 Telephone
(763)295-6666 Fax
Email: conroylaw@tds.net
HOURS
0.2
TOTAL HOURS: 0.2
0.2 Hours times $150.00 per hour = $ 30.00
Amount owed from March Billing: $ 45.00
Less retainer (if applicable): $ 0.00
Payment received: $ 0.00
$ 0.00
Miscellaneous: $ 0.00
Interest $ 0.23
TOTAL AMOUNT DUE: $ 75.23
Please remit payment by May 12, 2007. Make check or money order payable to
"Stephen R. Conroy, Attorney" and remit to P.O. Bax 999, Monticello, MN 55362
PLEASE CHARGE MY VISA OR MASTERCARD ACCOUNT
ACCOUNT # EXPIRATION DATE
ti~ °~r~
~j
PRINTED NAME _ __ SIGNATURE
OFFICE, Ltd.
505 Walnut Street
Monticello, MN 55362
April-07
ACTIVITY
Call from Froslie; E-mail to Ollie
~ ~ ~ ~~ ,
~~ ~
~~
Payable to:
MONTICELLO TIMES
PO BOX 420
E RIVER STREET
NTICELLO MN 55362
(763) 295-3131
Fax(763) 295-3080
Advertising
INVOICE
CITY OF MONTICELLO Amount Paid:
ATTN: ACCOUNTS PAYABLE
505 WALNUT ST STE 1 Comments:
MONTICELLO MN 55362
Ad #: 721072
Take Note: if you pay from this individual ad invoice,
be careful not to double pay from the month-end statement.
Please Retum Upper Portion W(th Pa mant
rsi ~, ~.
01 ,~'qat~ ~, 42fi3i1dFI d_ g
..
4/12/07 721072 PHN TIF DIST W/ MAP 3X 7.2 1
LEG OLLI~ KOROPCHAK 21.75 333.21 333.21 333.21
04/12
MTI/MO
•
~ ~~
,5~~~,~~
~` ~
OK TO PAY ~
r[~ ~ ~ ~ C~ ~ Cody: ~ ~ 3 , ~ ~, ~ 1 O ~ _,~~
_ ~.~ 1
I ._ __ _ __. __ ___..
~ ,....
_;
0.001 0.00 ~ 0.00 ~ 0.00 ~ ( 333.21
NI~NTICELLO TIMES
(763) 295-3131 • UNAPPLIED AMOUNTS ARE INCLUDED IN TOTAL AMOUNT DUE
MONTICELLO TIMES
_ox 420
RIVER STREET
TICELLO MN S5362
(763) 295-3131
007
134.05
N/A
N/A
N/A
N/A
Fax(763) 295-3080
Advertising Invoice and Statement
1
03/29/07
133
mcarl.
133
CITY OF MONTICELLO
ATTN: ACCOUNTS PAYABLE
505 WALNUT ST STE 1
MONTICELLO MN 55362
Amount Paid:
.~ 'Tmments:
\...-
.
PHN LAND SALE
OLLIE KOROPCHAK
03/29
MTI/MO
134.05
134.05
.
OK TO PA ?
Code:
Initial: ~
Ol/,t.
\..\ It S
\.l,~\:
~.
_-6,\
~s~o
Statement of Account . Aging of Past Due Amounts
~A IN/A I N/A
MONTICELLO TIMES
(763) 295-3131
Due..AJ.pon receipt
I N/A
I;
134.05
963183
. UNAPPUED AMOUNTS ARE INCLUDED IN TOTAL AMOUNT DUE
~-~~ Foods, lnc.
REFERENCE INVOICE DATE GROSS AMOUNT DISCOUNT NET AMOUNT
040? 4/13/07 6,367.56 .00 6,367.56
•
pp (~
(, ~ ~1l~lc
U
APA 2 3 ~7
CITY OF IUIa~1TICELLQ
CIiY OF
32650
K NUMBER TOTALS ~- 6 ; 3 ~? . 5 6 00 6 , 3 67.:' S ~
,,
i
.• ,
_.-.
.- ~ ~ W6iis Fdrgo Banl~ Minnesota Na n
13765 83Rd Way O Q ~ ~~ ~ 4~
` ~ ~ Foods, /nc. Maple Grove, MN 55369
75-166?J910
12450 FERNBROOK LANE, gAYTON, MINNESOTA 55327-9765
263/421-54$1 • 800/383-6549 CHECK DATE CHECK NO.
4/19/07 32650
SIX THOUSAND THREE-HUNDRED SIXTY--SEVEN AND 56/100 DOLLARS
A~ THE ORDER OF CHECK AMOUNT
$*~****6,367.56
(-CITY OF MONTICELLO
505 WALNUT STREET
SUITE 1
-~ ~MONTIGELLO, MN~~55362
U.S.A.
- •..
II'03 2650u' ~:09 10000 L9~: 84959 L66 L4~i'
t . ~, ~ ~ "
.
.
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HRA Agenda - 05/02/07
9.
Executive Director's ReDort:
a) Merger ofHRA and EDA - I believe some of you may have been contacted by the
City Administrator for input about the potential to merge the two authorities. This was
the reason the EDA did not advertise and the Council did not appoint an EDA
commissioner to fill the vacancy created by Wojchouski. The Council appoints
commissioners at the first Council meeting each January. The Council will be asked to
authorize the merger and authorize hiring Kennedy & Graven to guide the process and
prepare the necessary documents. This was tentatively scheduled for the Council
meeting of April 23, 2007, but was removed. If the Council wishes to merge the two
authorities, the question then becomes which authority prevails. The make-up of the
commissioners and the numbers of commissioners will be designated in the new Bylaws
since there are options within the Statutes. I have talked to Attorney Bubul on the
process and can inform you at the EDA meeting if interested.
b) Feasibility Study - The Marketing Subcommittee partnered with St. Cloud State
University (SCSU) and the Small Business Development Center to complete a
feasibility study to identify the current assets and shortcomings of Monticello as a
potential location for a life science industrial park. The committee met with the SCSU
students in January to define the context of the study. On Monday, April 30, some of
the committee members and the Mayor will hear the results based on the research
completed by the students. Kleinwachter, Frie, Barger, Tomann, Dahl-Fleming,
Herbst, and myself plan to attend. Schumann may join us at the center.
c) Washburn Computer Group - I need to contact this company who purchased the
Clow Stamping building to set up a tour.
d) Walker In-Store - A new TIF District is being created for this company. The
company plans to purchase a city-owned site along Dalton Court and construct a
10,240 sq ft facility. The Albertville company will employ II people at an average
wage-level of $18.81 per hour without benefits. The developer has agreed to accept
the quick claim deed from the HRA so the execution copy of the contract should be
ready for signatures soon. Only need to determine completion date of construction for
minimum improvements and no later than date for closing. Council approved the TIF
Plan and other items on April 23.
e) Annual Business Subsidy Reports - The annual reports due to the State of
Minnesota Department of Employment and Economic Development were due April 1.
As you recall within the Business Subsidy Agreement, a company agrees to create a
certain number of job and wage-level goals commencing from the benefit date. Should
they not comply, remedies are also outlined in the agreement. Monticello has a rich
history of companies meeting their goals.
t) Manufacturing/industrial leads have been slow - good time to work on economic
development goals.
I
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BRA Agenda - 05/02/07
g)
Karlsburger - Attached is the letter requesting the developer to submit the
"administrative costs" shortfall in the amount of$6,367.56. At this point, the shortfall
has not been received. The HRA will receive an invitation to their "welcome tour"
scheduled for Thursday, May 10, 3:30 p.m.
Froslie property - Copy of email to Conroy given the HRA decision of April 11.
h)
2
"I / /1
;! 1 "
.( '_ ,I
April 12, 2007
:</"A';>,- "/y-/ /"
','''1'1\1 ., ,{\,<,
\L jf '1,",'
MONTICELLO
Mr. Mike Maher
SL Real Estate Holdings, LLC
3236 Chelsea Road West
Monticello, MN 55362
Re: Certificate of Completion and Administrative Costs Shortfall.
Dear Mr. Maher:
This letter addresses three sections of the Purchase and Redevelopment Contract dated April 12 ,
2006, between the Housing and Redevelopment Authority (HRA) in and for the City of Monticello and
SL Real Estate Holdings, LLC.
.
Per the Contract, ARTICLE rv, the Redeveloper must substantially complete construction of the
minimum improvements by March I, 2007, and the construction of the minimum improvements shall be
deemed to be substantially completed when the Redeveloper has received a certificate of occupancy
issued by the City of Monticello for the minimum improvements. The Building Department issued a
certificate of occupancy on February 26, 2007. Although the Certificate of Completion is issued in
accordance with the Contract, please note that the landscaping, irrigation system and some site work
have not been completed per the approved Plans and the Otter Creek Declaration of Covenants. This
is recognized as an unavoidable delay - seasonal construction period. The original Certificate of
Completion is being recorded at the Office of the Recorder of Wright County by the staff of the
Authority.
Secondly, per the Contract, Section 3.9, the Redeveloper is obligated to pay such administrative costs
shortfall within 15 days after receipt of a written notice from the Authority containing evidence of unpaid
costs. Attached are copies of invoices from Ehlers & Associates and Kennedy & Graven and a
summary of the administrative costs. Please note the application of the $10,000 deposit and the
subtraction of certain non-applicable legal charges. Therefore as of April 12, 2007, the administrative
cost shortfall is $6,367.56. Please remit this amount to the Monticello Housing and Redevelopment
Authority, 505 Walnut Street, Suite I, Monticello, MN 55362.
.
Lastly and as a reminder, per the Contract, Section 3.6, the Authority agreed to reimburse the
Redeveloper for "general grading" costs associated with the buildable redevelopment property in an
amount not to exceed $.12 per square foot upon receiving evidence of the total genera! grading costs.
Monticello City Hall, 505 Walnut Street, Suite I, Monticello, MN 55362-8831 . (763) 295-2711 . Fax (763) 295-4404
Office of Public Works, 909 Golf Course Rd" Monticello, MN 55362 . (763) 295-3170 . Fax (763) 271-3272
.
.
.
Mr. Maher
April 12,2007
The Authority is proud to have the business of Karls burger Foods, Inc. relocate and grow in the City of
Monticello. Congratulations on your new facility. Should you have any questions, please do not
hesitate to call me at 763-271-3208.
With regards,
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MONTICELLO, MINNESOTA
O~. ~ cf1 ~i2~
Ollie Koropchak
Executive Director
Attachments
c: TIF District No. 1-37 File
2
.
.
.
TIF DISTRICT NO. 1-37
SL REAL ESTATE HOLDINGS LLC
ADMINISTRATIVE COSTS per Purchase and Redevelopment Contract,
Section 3.9 Pavment of Administrative Costs.
April 11, 2007
Ehlers & Associates, April 2006
Ehlers & Associates, May 2006
Subtotal
$ 3,750.00
$ 3,750.00
$ 7,500.00
Kennedy & Graven
April 2006
June 2006
September 2006
October 2006
Subtotal
$ 6,591.00
$ 492.00
$ 637.00
$ 1,835.56
$ 9,555.56
TOTAL ADMINISTRATIVE COSTS
$17,055.56
Less deposit, February 2006 $10,000.00
Less charges not applicable, Kennedy & Graven $ 688.00
Subtotal $10,688.00
AMOUNT DUE AND PAYABLE TO MONTICELLO HRA
$ 6,367.56
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E:,,^~ ~"T
Steve - The Monticello HRA met last night (April 11 , 2007) and passed a motion to withdraw their
offer on the Kathy Froslie property. The HRA is no longer interested in the parcel and are
looking at a different direction. The HRA and myself thank both you and Kathy for your time and
consideration. Ollie
\.{-~o'l
<t,:l.\.o ~
Customer Full Report, CommerciallMixed Use, MLS#: 3348975
4/11/2007
201 E Broadway St, Monticello, MN 55362-9317
i~_;l' ~ '" "MapPOfn'r
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B """ S, >,2!:" . .
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l'el~cotpe200&IMI\I1l!Q.""'flII'lIIIil'.IllC.
MLS Area: 341 - Wright County (Except Bulfalo)
CMU Style: IndustriallWarehouse, other, Retail/Shopping Center
Current Use: Commercial
Const Status: Previously Owned
Total Units: 1
Foundation Size:
Building Finished SqFt:
General Property Information
Legal Description: Lenghty
County: WRIG - Wright
School District: 882 - Monticello, 763-271-0300
Complex/Dev/Sub:
Lot Description:
Road Frontage:
Zoning:
Accessibility:
LakelWaterfront:
Owner is an Agen!?:
Public Remarks:
6,494
6,494
.
BusinesslCommercial
None
Year Buitt:
Acres:
Lot Dimen:
1970
1.12
see plat
Status: Active
List Price: $459,900
Map Page: 31 Map Coord: 02
Directions:
94 to Hwy 25 North, East on Braodway
to Garden Center on Left
TAX INFORMATION
Property1D:T155010067010
Tax Year: 2007
Tax Amt: 14,963.00
Assess Bal: 0.00
Tax w/assess: 14,963.00
Assess Pend: No
Homemead: No
Owner Occupied: Yes
No
1.12 acres of prime commercial land on high traffic mainstreet, sale prtce includes land and
buildings, 6494 sq ft building currently used as garden retail center. great location for
possible redevelopment, traffic counts are high w/ great frontagel
Structure Information
Forced Air
Natural Gas
.
Heat:
Fuel:
Air Cnd:
Garage Stalls:
Other Parking:
Parking Char:
Lttilities:
Miscellaneous:
Sale Includes: Building, Land
Appliances:
No. of Ranges:
No. of Refrig:
Basement:
Pool:
Shared Rooms:
Amenities-Shared:
Amenities-Unit:
0.00
o
other
Lake Name:
Exterior:
Fencing:
Roof
Water:
Sewer:
Wood
Information Deemed Reliable But Not Guaranteed. Q 2007 Regional MLS of Minn., Inc. All Rights Reserved.
Page 1 of2
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