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EDA Agenda - 05/25/2022AGENDA REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, May 25th, 2022 — 7:00 a.m. Mississippi Room, Monticello Community Center Commissioners: President Steve Johnson, Vice President Jon Morphew, Treasurer Tracy Hinz, 011ie Koropchak-White, Hali Sittig and Councilmembers Lloyd Hilgart and Jim Davidson Staff: Executive Director Jim Thares, Rachel Leonard, Angela Schumann, Sarah Rathlisberger and Hayden Stensgard 1. Call to Order 2. Roll Call 7:00 a.m. 3. Consideration of Additional Agenda Items 4. Consent Agenda N/A Regular Agenda 5. Consideration of Approving 2022 Pooled TIF Allocation Plan 6. Consideration of Authorizing Restrictive Land Covenants for lots in Otter Creek Crossing Stn Addition Final Plat 7. Economic Development Director's Report 8. Adjourn EDA: 05/25/22 5. Consideration of Approving 2022 Pooled TIF Allocation Plan (JT/AS) A. REFERENCE AND BACKGROUND: The EDA is being asked to consider approving the proposed 2022 Pooled TIF Allocation Plan in which it authorizes pooled TIF from Affordable Housing and Redevelopment TIF Districts to be allocated into new or pending TIF Districts. For a couple months, the EDA has been aware of the existence of pooled TIF dollars in several older Districts that are available for use to support new TIF Districts. An EDA Workshop on April 13, 2022 offered a helpful overview of the pooled TIF resources while also allowing for questions and answers in a session with Tammy Omdal, Northland Securities. A second quick overview of the pooled TIF resources was provided by City staff at the April 27, 2022 EDA meeting. Finally, the EDA was able to dedicate a full hour to the review and discussion of potential use of pooled TIF dollars in the May 11, 2022 Workshop. During the May 11, 2022 discussion session in particular, it was noted that there are sizeable, pooled resources available for housing, approximately $785,000 +/-, as well as redevelopment efforts, almost $343,000 +/-. Also reviewed was the mechanics of allocating the dollars into new TIF Districts and ultimately the ways in which these resources could be utilized. It was further noted that there may be additional Affordable Housing and Redevelopment pooled dollars in those same older Districts in future years depending on the EDA's disposition and/or decisions related to the Interfund loan linking TIF District 1-6 and TIF District 1-41 and the decertification dates of the existing Affordable Housing TIF Districts. Staff believes it is important to present a formal plan to the EDA for consideration soon since the Headwaters Development Affordable Housing TIF Development Contracts (1-42 and 1- 43) and the Block 52 TIF review schedule envisions consideration of a Redevelopment TIF Contract by the EDA in late June. Gaining clarity regarding the intentional use of the pooled TIF dollars as it relates to both proposals would be helpful. Previously, as a follow up to the 2016 TIF Management Plan approval, the EDA discussed and reviewed potential uses of the Pooled TIF dollars and directed drafting of Policy Statements for the Management of Available (Pooled) Tax Increment Funds. The Policy Statement was reviewed and approved at the January 10, 2018, meeting. That document is broadly worded and purposefully flexible. It is also attached as Exhibit C. The Pooled TIF Allocation Plan would replace the Policy Statements. Al. STAFF IMPACT: There is a limited staff impact in presenting a Pooled TIF Allocation Plan for consideration at this time. Staff involved in the consideration of the Plan include the City Administrator, Community Development Director, Economic Development Manager, Finance Director, and the EDA -City financial advisor, Northland Securities, Inc, as well as the EDA attorney. EDA: 05/25/22 A2. BUDGET IMPACT: There is a modest budget impact related to the proposed Pooled TIF Allocation Plan as presented. If the Plan or some form of it is adopted, the budgetary impacts will be reflected in adjustments to the various older TIF Districts and the new or pending TIF Districts. B. ALTERNATIVE ACTIONS: 1. Motion to approve the 2022 Pooled TIF Allocation Plan. 2. Motion to table consideration of the 2022 Pooled TIF Allocation Plan for further research and/or discussion. 3. Motion of other as directed by the EDA. C. STAFF RECOMMENDATION: Staff recommends Alternative #1. By approving a Pooled TIF Allocation Plan, the EDA will gain clarity in how it can use the pooled TIF resources in various pending TIF Districts. It may also guide and strengthen the EDA's ability to accomplish key work objectives outlined in the 2022 EDA Workplan including downtown revitalization, industrial development, and housing development as well as in future years EDA Workplans. D. SUPPORTING DATA: a. Proposed 2022 Pooled TIF Allocation Plan b. Working Draft Pooled TIF Allocation and Sending Plan c. TIF Policy Statements (adopted 1-10-2018) d. TIF Management Plan Spreadsheet w/ 12-31-21 Fund Balances and Future Yr. projections 2022 Pooled TIF Allocation Plan 05-25-22 The City of Monticello Economic Development Authority (the "EDA") administers the Tax Increment Financing Districts in the City of Monticello. Several TIF Districts have fulfilled increment payment obligations and show a balance of Extra Pooled Increment dollars as currently available for "Pooled" uses pursuant to Minnesota Statutes, Sections 469.174 through 469.1794, inclusive, as amended (the "TIF Act"). To better utilize the available resource of Pooled Increment dollars, the EDA proposes to identify through a Pooled TIF Allocation Plan in which TIF Districts it will utilize these resources. The general purpose of the Pooled TIF Allocation Plan is to provide additional assistance to development proposals through the use of the Pooled Increment funds to offset eligible costs related to the identified proposals or projects and also to match the Pooled Increment resources with the efforts being pursued in the EDA Workplan Goals and Objectives. The Pooled Increment must be allocated into like kind TIF District type such as new or pending Affordable Housing or Redevelopment TIF Districts. The identified source of the Pooled TIF dollars and the proposed new or pending TIF District use is shown below in summary style format. The spreadsheet attached to the Pooled TIF Allocation Plan is a general guidance reference as its accuracy is not guaranteed. 1. Existing Redevelopment TIF Districts —1-6. 1-20, 1-22 and 1-34: The EDA will commit Pooled Increment dollars from the above identified Redevelopment TIF Districts into the pending Block 52 Redevelopment TIF District 1-45 in the amount of $343,000 The attached spreadsheet provides an estimate of available Pooled Increment dollars in the identified TIF Districts. 2. Existing Affordable Housing TIF Districts —1-19, 1-22, 1-24, 1-29, 1-30: The EDA will commit Pooled Increment dollars from the above identified Affordable Housing TIF Districts into the recently approved (not yet certified) Affordable Housing TIF Districts 1- 42 and 1-43 in the amount of $800,000 +/-. The attached spreadsheet provides an estimate of available Pooled Increment dollars in the identified TIF Districts. The EDA is not planning to decertify or close out any of the above identified TIF Districts in authorizing the Pooled TIF Allocation Plan. It is the EDA's intention to periodically review the TIF Districts identified above in the future for potential additional Pooled Increment as needed. In authorizing the Plan, the EDA, as needed, may amend the budgets set forth in the impacted TIF District Plans as necessary to facilitate the allocation of resources as identified in the Plan. Page 1 1 April 27, 2022 Pooled Tax Increment Financing (TIF) Allocation and Spending Plan 04-27-22 The City of Monticello Economic Development Authority (the "EDA") administers the Tax Increment Financing Districts in the City of Monticello. Several TIF Districts have fulfilled increment payment completed obligations and Extra Pooled TIF increment dollars are currently available for "Pooled" use pursuant to Minnesota Statutes, Sections 469.174 through 469.1794, inclusive, as amended (the "TIF Act"). To better utilize the available resource of Pooled TIF increment dollars, the EDA proposes to adopt an Allocation and Spending Plan utilizing the Pooled TIF dollars in the various TIF Districts. The purpose of the Allocation and Spending Plan is to provide assistance to development proposals through the use of the Pooled TIF increment funds to offset eligible costs related to the identified proposals or projects. The proposals -projects must achieve the objectives of affordable housing, economic development with tax base and job creation and redevelopment, eliminating blight conditions and increasing tax base and creating new jobs. Several identified proposals -projects are anticipated to commence development within the next 24 months (cutoff date of June 30, 2024). With that knowledge, the EDA sets forth in the Allocation and Spending Plan specific Proposals -Projects and dollars amounts of Pooled TIF increment dollars that it can allocate towards eligible costs in those Proposals -Projects. The EDA defines "Pooled -Extra TIF funds" as both current and future projected dollars legally available within established TIF funds, and not committed to existing obligations, for the EDA to spend on redevelopment and/or assisting affordable housing projects, all pursuant to Minnesota Statutes, Sections 469.174 through 469.1794, inclusive, as amended (the "TIF Act"). Allocation and Spending Plan commitments are shown in the various type of TIF District categories below. Redevelopment TIF Districts: The EDA will commit Pooled TIF funds to Redevelopment Proposals -Projects as shown below: A. Block 52 Redevelopment TIF District 1-45 1. TIF District 1-6: 12-31-21 Balance= $18,001— Allocate $18,001 to Block 52 Redevelopment TIF District 1-45 with the goal of paying for eligible developer and public costs. Page 1 1 April 27, 2022 2. TIF District 1-20: 12-31-21 Balance= $104,220 -Allocate $104,220 to Block 52 Redevelopment TIF District 1-45 with the goal of paying for eligible developer and public costs. 3. TIF District 1-22: 12-31-21 Balance= $145,512 -Allocate $145,512 to Block 52 Redevelopment TIF District 1-45 with the goal of paying for eligible developer and public costs. 4. TIF District 1-34: 12-31-21 Balance= $54,503 —Allocate $54,503 to Block 52 Redevelopment TIF District 1-45 with the goal of paying for eligible developer and public costs. 5. TIF District 1-40: 12-31-21 Balance= $1,598 —Allocate $1,598 to Block 52 Redevelopment TIF District 1-45 with the goal of paying for eligible developer and public costs. Total Pooled TIF increment dollars allocated to Block 52 Redevelopment TIF 1-45 to pay for eligible developer and public costs = $323,834 B. Block 34 Renovation and Renewal TIF District 1-## 1. TIF District 1-06: 12-31-21 Balance = Projected increment dollars and Interfund Loan Repayment from TIF District 1-41 = $215,000 — Allocate $215,000 to Block 34 TIF District 1-## with the goal of paying for eligible developer and public costs. Total Pooled TIF increment dollars allocated to Block 34 TIF 1-## to pay for eligible developer and public costs = $215,000 Affordable Housing Projects: The EDA will commit Pooled TIF funds to Affordable Housing Proposals -Projects as shown below: A. Headwaters Development Affordable Housing TIF District 1-42 and 1-43: 1. TIF District 1-19: 12-31-21 Balance = $131,947 — Allocate $131,947 to Headwaters Development Affordable Housing Development TIF District 1-42 and 1-43 with the goal of paying for eligible developer and public costs. Page 12 April 27, 2022 2. TIF District 1-22: 12-31-21 Balance = $170,361— Allocate $170,361 to Headwaters Development Affordable Housing Development TIF District 1-42 and 1-43 with the goal of paying for eligible developer and public costs. 3. TIF District 1-24: 12-31-21 Balance = $174,076 - Allocate $174,076 to Headwaters Development Affordable Housing Development TIF District 1-42 and 1-43 with the goal of paying for eligible developer and public costs. 4. TIF District 1-29: 12-31-21 Balance= $193,964 —Allocate $194,964 to Headwaters Development Affordable Housing Development TIF District 1-42 and 1-43 with the goal of paying for eligible developer and public costs. 5. TIF District 1-30: 12-31-21 Balance = $113,146 — Allocate $113,146 to Headwaters Development Affordable Housing Development TIF District 1-42 and 1-43 with the goal of paying for eligible developer and public costs. Total Pooled TIF increment dollars allocated to Headwaters Development Affordable Housing TIF District 1-42 and 1-43 to pay for eligible developer and public costs = $783,494 B. Duffy Development LIHTC Muti-Family Development Proposal (no new TIF District) 1. TIF District 1-19: 12-31-21 Balance= $131,947 —Allocate $131,947 to Duffy Development Affordable Housing Development Proposal (no new TIF District created) with the goal of paying for eligible developer and public costs. 2. TIF District 1-22: 12-31-21 Balance = $170,361—Allocate $170,361 to Duffy Development Affordable Housing Development Proposal (no new TIF District created) with the goal of paying for eligible developer and public costs. 3. TIF District 1-24: 12-31-21 Balance = $174,076 - Allocate $174,076 to Duffy Development Affordable Housing Development Proposal (no new TIF District created) with the goal of paying for eligible developer and public costs. 4. TIF District 1-29: 12-31-21 Balance = $193,964 — Allocate $194,964 to Duffy Development Affordable Housing Development Proposal (no new TIF District created) with the goal of paying for eligible developer and public costs. 5. TIF District 1-30: 12-31-21 Balance = $113,146 — Allocate $113,146 to Duffy Development Affordable Housing Development Proposal (no new TIF District created) with the goal of paying for eligible developer and public costs. Page 13 April 27, 2022 Total Pooled TIF increment dollars allocated to Duffy Development Affordable Housing Development Proposal (no new TIF District created) with the goal of paying for eligible developer and public costs = $783,494 or a greater or lessor amount as determined by the EDA. C. 4th Street East -Future Affordable Housing Development TIF District 1-##? 1. TIF District 1-19: 12-31-21 Balance= $131,947 —Allocate $131,947 to 4th Street East Future Affordable Housing Development TIF District 1-## with the goal of paying for eligible developer and public costs. 2. TIF District 1-22: 12-31-21 Balance = $170,361— Allocate $170,361 to 4th Street East Future Affordable Housing Development TIF District 1-## with the goal of paying for eligible developer and public costs. 3. TIF District 1-24: 12-31-21 Balance = $174,076 - Allocate $174,076 to 4th Street East Future Affordable Housing Development TIF District 1-## with the goal of paying for eligible developer and public costs. 4. TIF District 1-29: 12-31-21 Balance= $193,964 —Allocate $194,964 to 4th Street East Future Affordable Housing Development TIF District 1-## with the goal of paying for eligible developer and public costs. 5. TIF District 1-30: 12-31-21 Balance = $113,146 — Allocate $113,146 to 4th Street East Future Affordable Housing Development TIF District 1-## with the goal of paying for eligible developer and public costs. Total Pooled TIF increment dollars allocated to 41n Street East Future Affordable Housing Development TIF District 1-## to pay for eligible developer and public costs = $783,494 or a grater or lessor amount as determined by the EDA. In adopting the Pooled TIF Allocation and Spending Plan, the EDA, as needed, may amend the budget set forth in the Tax Increment Financing Plans for the TIF Districts as necessary to provide for the assistance authorized by the Plan. The EDA may also take any other action necessary and authorized under the Act in connection with the Plan above as required. The components of the Plan are subject to Minnesota Statutes, Sections 116J.993 to 116J.995 (the "Business Subsidy Law"), if applicable, and shall be subject to the City's Business Subsidy Policy. Page 14 April 27, 2022 Policy Statements for Management of Available Tax Increment Financing (TIF) Funds The City of Monticello Economic Development Authority (the "EDA") has prepared the following policy statements to guide both staff and EDA members to make consistent and informed financial decisions regarding the use of available tax increment financing (TIF) funds. The policy statements are intended to be a guide. The EDA may determine to allocate funds to other types of projects, not included below, based on other criteria and factors that may exist. The EDA defines "available TIF funds" as both current and future projected dollars legally available within established TIF funds, and not committed to existing obligations, for the EDA to spend on redevelopment and/or assisting affordable housing projects, all pursuant to Minnesota Statutes, Sections 469.174 through 469.1794, inclusive, as amended (the "TIF Act"). POLICY STATEMENTS: Redevelopment Projects The EDA will consider allocating available TIF funds, without priority order, to the following types of redevelopment projects: 1. Acquisition of property — Block 52 to facilitate redevelopment consistent with the objectives of the Downtown Small Area Study. 2. Acquisition of Property — Block 34 to facilitate redevelopment consistent with the objectives of the Downtown Small Area Study. 3. Acquisition of Property - Other downtown sites that provide relatively immediate development opportunities that support the objectives of the Comprehensive Plan and the Downtown Small Area Study. 4. Masters Fifth Avenue Site —Assistance for underground or structured parking improvements for a development consistent with the objectives of the Comprehensive Plan, the Downtown Small Area Study, the TIF Plan and the existing Contract for Private Development, and approved by the EDA. 5. Assistance for installation of public or private infrastructure and value-added site improvements such as underground or structured parking for redevelopment projects consistent with the objectives of the Comprehensive Plan and/or the Downtown Small Area Study and approved by the EDA. Page 1 1 January 10, 2018 (Revised) 508678v2 MNI MN190-101 Affordable Housing Projects The EDA will consider allocating available TIF funds, without priority order, to the following types of affordable housing projects: 1. Assistance to lower overall project costs via reimbursement of TIF -eligible expenses related to projects that meet the EDA's value-added standards/criteria. 2. Block 52 — Assistance for underground or structured parking and/or value added site improvements in connection with a market -rate, multi -family housing with an affordable component. 3. City Core - Establishment of a scattered -site owner -occupied rehabilitation program. 4. Downtown Area - Assistance for underground or structured parking and/or value added site improvements in connection with development of market -rate, multi -family projects with an affordable component. 5. City-wide — Assistance for the installation of public or private infrastructure serving sites to be developed with market rate, multi -family housing with an affordable component 6. Acquisition of property for purposes of facilitating development of a market -rate, multi- family housing project with an affordable component consistent with the goals and objectives of the Comprehensive Plan. Page 12 January 10, 2018 (Revised) 508678v2 MNI MN190-101 EXHIBI' PRELIMINARY FOR DISCUSSION ONLY City of Monticello Tax Increment Financing Districts Year -End Cash Balance 1,3 Cash Available as as of Year End 2021 (preliminary, un -audited) FUTURE - Cash Balance Estimates as of Year End 20306 Funds TIF District Available Funds for for Available Affordable Returned Funds ..• to Lccal Total Funds TIF District for for Affordable Total Funds Redevelopment .• .. Housing Projects Projects Jurisdictions Projects Projects TIF 1-6 5 18,001 18,001 TIF 1-6 5 468,001 468,001 TIF 1-19 131,947 131,947 TIF 1-19 194,615 194,615 TIF 1-20 104,220 104,220 TIF 1-20 117,795 117,795 TIF 1-22 145,512 170,361 188,359 504,232 TIF 1-22 7 258,302 222,804 481,106 TIF 1-24 174,076174 076 TIF 1-24 TIF 1-29 TIF 1-30 TIF 1-34 TIF 60,440 387,986 391,284 110,983 53,388 387,986 391,284 110,983 60,440 53_,388 TIF 1-29 193,964 - 193,964 TIF 1-30 113,146 113,146 TIF 1-34 54,503 54,503 TIF 1-40 1,598 1,598 TIF 1-41 -41 z 904,539 -31,060 0 2,265,599 Total 323,834 783,494 188,359 r 1,295,687 1 Notes: 1. The facts for each individual TIF district should be reviewed and confir a : spending of fu, 2. These districts are not planned to be decertified before year 2030. The L, ice shown is as estimated as of year-end 2030. 3. Available funds must be spent within the bo! indaries of Redevelopment Prc,. No. 1 or pursuant to the TIF law and any temporary laws that may apply. 4. The funds for TIF 1-6 are shown here as available for "Redevelopmer P, ejects". The funds are also available to pay for housing or economic development project costs, should the EDA so determine. The analysis assumes TIF 41 will generate sufficient tax increment to repay TIF 1-6 the outstanding interfund loan. 5. The amounts shown are : ker use of funds to meet existing ,uligations. EDA may captitalize on future flow of funds with approval by resolution. EDA may reimburse itself throu,,' i interfund TIF Ioap 6. The balance does not include fund that m --v be available if land held for resale is sold. The land held for resale at the end of 2020 was valued at $163,200. The balances shown do not take i nio account the spend -down of these funds prior to Year End 2030; there are no specific plans at this time for use of this projected Future Cash Balance. 7. Funds may be available for spending pursuant to "Temporary Transfer Authority (2021 Law)" subject to confirmation with State Auditor and potential change in statement of position by the State Auditor. 8. Analysis assumes that payments due on Pay -go TIF Notes have been recorded as of December 31, 2021, and that the year-end cash balances do not include funds obligated to outstanding notes payble on February 1. NORTHLAND Pusu- FINANci 2/23/2022 EDA: 05/25/22 6. Consideration of Authorizing Restrictive Land Covenants in Otter Creek Crossing 8th Addition (1T/AS) A. REFERENCE AND BACKGROUND: The EDA is being asked to consider authorizing restrictive land covenants to be recorded against the newly created lot in the Otter Creek Crossing 8th Addition Plat. The City Council recently approved (May 9, 2022) the final plat. The lot reconfiguration arose through the efforts of the CET Grant funding scope of work. The 8th Addition plat creates four new lots in the eastern half of Otter Creek Business Park. As a reminder, the CET Grant work scope also included other work such as Shovel Ready documentation and the completion of 30 percent engineering plans for infrastructure to serve the new lots in the eastern half of OCBP. Staff believes that the covenants should be recorded against the four new lots to maintain the upscale feel and look of a OCBP as a business park versus an industrial park. Also, the City Zoning Ordinance currently allows outside storage and metal building materials in the I- 1 Industrial zoning of which OCBP is part. The lots in Oakwood Industrial Park which are primarily 1-2 are viewed as appropriate site options for firms that need outside storage and prefer to use metal building materials. It should be further noted that the proposed covenants are exactly like those that are currently recorded on the existing lots in OCBP. The specific language in the covenants addresses the following: ✓ Minimum Standards which prohibit outdoor storage of equipment, supplies, inventory, and such materials (see section 2.2). ✓ Prohibition of steel -metal building materials with the exception of architectural accent features (see section 2.3). ✓ Requirement for landscaping and in -ground irrigation system to support lawn and landscaping (see section 2.4). ✓ General Exterior Maintenance requirements are spelled out so that property is kept in good repair and well maintained to keep the appearance of the Park in high standards (see section 2.6). ✓ Prohibition of nuisance activities or services which emit or cause fumes, odors, dust, glare, smoke, vibration (see section 2.7). ✓ Allowance for temporary use of trailers and construction offices during periods or construction or alteration of buildings is permitted (see section 2.8). ✓ Prohibition of loading docks facing the public street (see section 2.9). EDA: 05/25/22 Al. STAFF IMPACT: There is limited staff impact in presenting proposed restrictive land covenants to the EDA for decision about recording against the four new lots in the Otter Creek Crossing 8t" Addition Plat. Staff involved in the consideration of this effort includes the Community Development Director and Economic Development Manager. A2. BUDGET IMPACT: There is a minimal budget impact related to the proposed recording of restrictive land covenants against the new lots in the Otter Creek Crossing 8t" Addition Plat. B. ALTERNATIVE ACTIONS: 1. Motion to authorize staff to record the restrictive land covenants against the four new lots created in Otter Creek Crossing 8t" Addition Final Plat 2. Motion to table consideration of recording the restrictive land covenants against the four new lots created in the Otter Creek Crossing 8t" Addition Final Plat for further research and/or discussion. 3. Motion of other as directed by the EDA. C. STAFF RECOMMENDATION: Staff recommends Alternative #1. By authorizing the recording of restrictive land covenants against the four new lots in the Otter Creek Crossing 8t" Addition Final Plat, the EDA will be maintaining a consistent development style and look and set of standards regarding land use and quality in the four eastern lots like it did for the previously developed lots in the western half of OCBP. If the EDA authorizes the restrictive land covenants in the 8t" Addition, staff will take the appropriate follow up steps to ensure the recording of the covenants against the four newly created lots. D. SUPPORTING DATA: a. Existing Restrictive Land Covenants b. Otter Creek Crossing 8t" Addition Plat F] J/�6-- Doc. No. A 1042017 OFFICE OF THE COUNTY RECORDER WRIGHT COUNTY, MINNESOTA Certified Filed and/or Recorded on 02-05-2007 at 02:00 Check X. Fee: $ 46.00 Payment Code Dd Addl, Fee Larry A. Unger, County Recorder (Reserved for Recording Information) DECLARATION OF PROTECTIVE COVENANTS, CONDITIONS, AND PROTECTIONS FOR OTTER CREEK CROSSING 3RD ADDITION THIS DECLARATION is made by the CITY OF MONTICELLO, a Minnesota municipal corporation ("Declarant"). WHEREAS, Declarant is the fee owner of real property in the City of Monticello, Wright County, Minnesota, legally described as Lot 2, Block 1, Outlots A, B, C, D, and E, Otter Creek Crossing 3rd Addition ("the Property"); and WHEREAS, Declarant has granted the Housing and Redevelopment Authority (hereinafter referred to "HRA") the authority to administer these protective covenants; and WHEREAS, Declarant desires to establish covenants, conditions, and protections which will benefit the Property for the purpose of facilitating development of the Property and for the purpose of protecting and preserving the value and desirability of the Property; and WHEREAS, all Property Owners are advised that they will be expected to abide by the protective covenants hereby established by Declarant. These standards are intended to assure the integrity of the Property and protect property values and adjoining property uses. THEREFORE, BE IT RESOLVED THAT, the Declarant declares that the Property, shall be used, occupied, and conveyed subject to the covenants, conditions, and protections set forth in this Declaration, all of which shall be binding on all persons 127863 Return to: City of Monticello Attn: 011ie Koropchak 505 Walnut Street Suite Monticello MN 55362 W owning or acquiring any right, title or interest in the Property and their heirs, personal representatives, successors and assigns. 1. DEFINITIONS: 127863 SECTION 1 1.1 "Declarant" shall mean the City of Monticello. 1.2 "Improvements" shall mean all structures and other construction on a lot or parcel for use permitted by the zoning ordinances of the City of Monticello, including, but not limited to, buildings, outbuildings, parking areas, loading areas, outside platforms and docks, driveways, walkways, fences, lawns, landscaping, signs, retain walls, decks, railroad tracks, poles, berms and swales, and exterior lighting. 1.3 "Lot" shall mean a portion of the Property identified as a lot on a subdivision plat prepared in accordance with Minnesota Statutes, Chapter 505, and filed for record in the Wright County Recorder's Office. 1.4 "Occupant" shall mean any person, other than an owner, in possession of a lot or parcel. 1.5 "Owner" for purposes of this Declaration shall be the Declarant and its successors as recorded fee simple owner of any part of the Property. For purposes hereof, if any part of the Property is sold under a contract for deed or leased under a ground lease, the contact for deed purchaser ("Vendee") and/or ground lessee shall be deemed the Owner in lieu of the record fee simple owner, provided however, that for purposes of amending or modifying this Declaration, the fee simple title owner and the Vendee and/or ground lessee, as the case may be, shall jointly all be deemed the Owner. 1.6 "Person" shall mean a natural individual, corporations, limited liability company, partnership, trustee, or other legal entity capable of holding title to real property. 1.7 "Property" shall mean all of the real property submitted to the provisions of this Declaration, including all improvements located on the real property now or in the future. The Property as of the date of this Declaration is legally described as Lot 2, Block 1, Outlots A, B, C, D, and E, Otter Creek Crossing Yd Addition, Wright County, Minnesota. 2 SECTION 2 2. STANDARDS FOR CONSTRUCTION AND MAINTENANCE 2.1 Minimum Standards The minimum standards for the construction, alteration, and maintenance of improvements on the Property shall be those set forth by the City of Monticello and any other governmental agency which may have jurisdiction over the Property. All improvements on the Property shall conform to the then existing building codes in effect for the City of Monticello and shall be in compliance with all laws, rules and regulations of any governmental body that may be applicable, including, without limitation, environmental laws and regulations. Where the following restrictive covenants are more stringent than the zoning ordinances, other laws and regulations of the City of Monticello or any other applicable government agency, the restrictive covenants contained in this Declaration shall govern and become minimum standards by which the improvements and maintenance of them shall be controlled. 2.2 Use No outdoor storage is allowed. On all lots, no owner or occupant shall store materials, equipment, or items outside of any building. The following exceptions are not to be considered storage, and may be located outside in compliance with other applicable regulations: a. Passenger vehicles and light trucks parked in compliance with the City of Monticello zoning regulations. b. Parking of company vehicles, including trucks, vans, and other similar vehicles, except that semi -tractors and trailers may only be parked in the side and rear yards. C. Semi -trailers located in designated loading docks. d. Trash handling equipment. 2.3 Building Quality and Materials No building shall utilize metal or steel sidewall building materials with the exception of architectural panels that do not exceed ten percent (10%) of the sidewall surface area. 127863 3 2.4 Landscaping Irrigation System On all lots on which a building is proposed to be constructed, the owner shall, prior to occupancy of the building, install in -ground landscaping irrigation between the front building Iine and the public street. This requirement shall also apply to the side lot areas of corner lots which face a different street. In the case of rear lot areas that front on a public street, the owner shall install landscaping irrigation for all landscaped areas within fifty (50) feet of the public street. The irrigation system shall provide adequate water to all landscaped areas, including lawns, shrubs, trees, flower beds, or other similar features. This requirement also applies to the "boulevard" portion of the public right of way between the owner's property line and the curb line of the public street. 2.5 General Exterior Maintenance Each owner and occupant of a lot shall fully and properly maintain and repair the exterior of any structure located on such lot in such a manner as to enhance the overall appearance of the Property. The exteriors of all buildings and the parking, driving, and loading areas shall be kept and maintained in a good state of repair at all times and be adequately maintained. All lots shall be kept free of debris of any kind and all landscaping must be kept in good repair. All landscaped areas shall be graded to provide proper site drainage. Landscaped areas shall be maintained in neat condition, lawns mowed, and adequately watered in summer, hedges trimmed, and leaves rakes. 2.6 Construction Construction or alteration of any improvement on a lot shall be diligently pursued and shall not remain in a partly finished condition any longer than is reasonably necessary for completion of the construction or alteration. The owner and occupant of any lot upon which improvements are constructed shall, at all times, keep the lot and streets being utilized by such owner in connection with such construction, free from dirt, mud, garbage, trash, or other debris which might be occasioned by such construction or alteration. 2.7 Noxious Activities No trades, services, activities, operations, or usage shall be permitted or maintained, nor shall anything else be done which may be or may become a nuisance to owners or occupants, or offensive or detrimental to the Property by reasons of: a. Unsightliness, or 127863 4 b. The emission of fumes, odors, glare, vibration, gases, radiation, dust, liquid wastes, smoke or noise or a nature and quantity prohibited by applicable laws. 2.8 Temporary Structure Trailers, temporary construction buildings, and the like, shall be permitted only for construction purposes during the period of construction or alteration of a permanent building. Such structures shall be placed as inconspicuously as practical and shall be removed not later than thirty (30) days after the date of the substantial completion of the building. 2.9 Loading Docks No loading dock shall face either Dalton Avenue or Dalton Way. SECTION 3 3. GENERAL TERMS 3.1 Nature and Term The protective covenants hereinafter set forth shall be considered as covenants running with the land, to be binding on all persons claiming under them and run for a period of thirty (30) years from the date of filing with the Wright County Recorder's Office at which time the protective covenants shall be automatically renewed for successive periods of ten (10) years unless, prior to the renewal date, the owners of eighty percent (80%) or more of the lots agree in writing that the covenants shall terminate at the end of that period. 3.2 Amendments This Declaration may be amended, modified, or terminated by an instrument in writing, executed by the Owners of eighty percent (80%) of the lots. Each lot shall be considered to have one vote. An instrument executed in accordance with this section shall be effective when filed for recording with the Wright County Recorder's Office. 3.3 Severability If any term, covenant or provision of this instrument, or an exhibit attached to it is held to be invalid or unenforceable for any reason whatsoever, such determination shall not be deemed to alter, affect, or impair, in any manner whatsoever, any other portion of this document or exhibits. 127863 5 SECTION 4 4. COVENANT ADMINISTRATION 4.1 Enforcement The Declarant, HRA and the owner of any lot shall each, either acting separately or in common, have the authority to bring action for specific performance or injunctive relief to enforce any protective covenant contained herein. 4.2 Adoption These Protective Covenants become effective upon their execution and recording by the Declarant. CITY OFF M/%ON�TICELL O By: Za�a Clint Herbst, Mayor By: 'Neill, City Administrator STATE OF MINNESOTA } }SS. COUNTY OF WRIGHT ) The foregoing instrument was acknowledged before me this 23rd day of October , 2006, by Clint Herbst and. Jeff O'Neill, the Mayor and City Administrator, respectively, of the City of Monticello, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. THIS INSTRUMENT DRAFTED BY: CAMPBELL KNUTSON, P.A. Professional Association 317 Eagandale Office Center 1380 Corporate Center Curve Eagan, Minnesota 55121 TMS/cjh Notary Public 4 3`S a9 [SAWN M, GROSSINGER NOTARY PUBLIC - MINNESOTA My Commission Expires Jan. 31, 2010 127863 6 . 1.04201' LEGEND PLAT AREAS PROPERTY DESCRIPTION O FOUND SECTION MONUMENT Iz O z ♦i \ ` Pro osed lat areas are as follows: Outlot E, OTTER CREEK CROSSING, Wright County, Minnesota. Y z 0 \\ P p 0 FOUND MONUMENT \ \ ♦��Q ya m o N t:\ \ 9 Lot 1, Block 1 = 345,887 Square Feet or 7.940 acres 0 SET MONUMENT \ \ ,♦.�0 �a o p ° \ O, \ EXCEPT THE FOLLOWING: \ �♦ O ♦0 m \ \ Lot 1, Block 2 = 452,317 Square Feet or 10.384 acres SIGN W o W Lot 2, Block 2 = 387,057 Square Feet or 8.886 acres That part of Outlot E, OTTER CREEK CROSSING, according to said plat recorded in the office of the County Recorder, DECIDUOUS TREE \ \ \ WLY LINES of OUTLOT E,\ - - - - ° ~ W \ s Lot 1, Block 3 = 273,577 Square Feet or 6.280 acres Wright County, Minnesota, described as follows: Beginning at the most easterly corner of Lot 1. Block 1, OTTER CREEK \ f - /� o w u \ \°� \ q CROSSING 1ST ADDITION, according to said plat recorded in the office of the County Recorder, Wright County, EVERGREEN TREE OTTER CREEK CROSSING 2 O w \ \Oo Minnesota; thence South 41 degrees 02 minutes 17 seconds West, assumed bearing along the southeasterly line of said © PEDESTAL -X / o \ \ \ OurUot A = 635,018 Square Feet or 14.578 acres Lot 1, 434.31 feet; thence South 40 degrees 53 minutes 16 seconds East, 507.03 feet; thence North 41 degrees 02 0 HAND HOLE ll \ \ O ti� \ minutes 17 seconds East, 434.31 feet to the northeasterly line of said Outlot E; thence North 40 degrees 53 minutes 16 �T FIBER OPTIC VAULT \ seconds West, along said northeasterly line, 507.03 feet to the point of beginning. Lv I \ \ \ F� (�2 R W Dalton Way = 68,319 Square Feet or 1.568 acres 1;F LIGHT POLE ♦ \ \ )\ / FD RLS 44581I'\ -DRAINAGE AND UTILITY \ \ ORF�O 0 EASEMENT PER PLAT OF y \ Fir 0 OTTER CREEK CROSSING HAVE PER DOCUMENT. NO. A974166. R/W 90th St E = 20,258 Square Feet or 0.465 acres AND ALSO EXCEPT: LY POWER POLE l\ ( ,� - \ OTTER CREEK CROSSING \ \ COL POND \ \ Total = 2,182,435 Square Feet or 50.102 acres That part of Outlot E, OTTER CREEK CROSSING, according to said plat recorded in the office of the County Recorder, I 2 GUY WIRE I \ >n� \ DRAINAGE AND UTILITY EASEMENT \ r \ N FD 1/2" REBAR G` \ \ --- -- ------- ADDRESSES Wright County, Minnesota, described as follows: Beginning at the most southerly corner of Outlot A, OTTER CREEK ❑E ELECTRIC PANEL O) s I \ n r 'TI nr r, v U I L.\../I Li \ �. C) \ 1. Subject property's addresses are shown on survey. CROSSING 1ST ADDITION, according to said plat recorded in the office of the County Recorder, Wright County. Minnesota; thence South 41 degrees 02 minutes 17 seconds West, assumed bearing along the southwesterly extension Q ELECTRIC MANHOLE \ \ cSiy, � . r\ \ �c v RFf��FO \ ' e / / / n✓ \ \\ III \ \ ' \ I I City Owner. Ci of Monticello of the southeasterly line of said Ouflot A, 512.89 feet to the west line of said Outlot E; thence North 00 degrees 49 minutes 08 seconds West, along said west line, 686.83 feet to the southwesterly line of said Outlot A; thence South 49 ® SOIL BORING FLARED END SECTION a, \\\\ // _ _ /1 TTF-L) /\L)C (I /\�)%1^^I P I/\ ♦ ♦ \ Surveyor: WSB 701 Xenia Avenue South, Suite 300 degrees 07 minutes 40 seconds East, along said southwesterly line, 458.31 feet to the point of beginning. ® CATCH BASIN I OSSGy \ \ j \\` // / / U I I L_ I\ u I\ L_ L_ f\ v I\ V ....� I I V\ 7 A \ \ 0O ` Minneapolis, MN 55416 F UNDERGROUND FIBER OPTIC ® BEEHIVE CATCH BASIN LT J' C� (OT Inc \ / / \ \ II _ f1 A f1 r1 1-7-1 /"\ N I \ \ s; \ 3. The gross area of the subject property or acres. G UNDERGROUND GAS AND © STORM MANHOLE ST�O O� \ �(v ( w10 py P / \/ / // \ I \ 1 Oo �i I \ L) n LJ LJ I I I U I V �N / \\ 6'o 1 1 GG 10,^�a. �\ cod NOTE: ALL UNDERLYING DRAINAGE AND UTILITY EASEMENTS DEDICATED BY THE PLAT OF OTTER Outlot A, 90TH STREET 3RD ADDITION, Wright County, Minnesota. Qs © SANITARY MANHOLE SANITARY LIFT STATION H z \ / / G \ O CREEK CROSSING WHICH ARE WITHIN LOT 1, AND iRRI IRRIGATION CONTROL BOX M 0 u) �z 00 0W \ ?� OW \ °DI Z K k \ \ $ O \ ( SE'LY LINE OF OUTLOT A. OTTER CREEK CROSSING 1ST ADDITION \ S �� 0� ^'\ 'y rL I �\ n0 I BLOCK 2, SAID EXISTING \ BEEN VACATED OTTER CREEK CROSSING HAVE PER DOCUMENT. NO. A974166. Outlot F, OTTER CREEK CROSSING. Wright County, Minnesota. b HYDRANT (^ '♦ BOJ 1-5 `� MOST S -LY CORNER l\ ( ,� ^O POND \ \ I g WATER VALVE I 2 OF OUTLOT A, OTTER CREEK CROSSING 1ST ADDITION I \ >n� \ DRAINAGE AND UTILITY EASEMENT \ r \ N FD 1/2" REBAR \ �' �` \ \ --- -- ------- PROPERTY SUMMARY SANITARY LINE >> STORM LINE 387,057 SQ. FT. STORM WATER DRAIN EASEMENT - 8.886 AC. PER DOC. NO. 731770 J \ i ..� qo T �' FD 1/2' \ (EXPIRED YET???) \ , - br - l DRAINAGE AND UTILITY '� j V�Y/' ♦\� r EASEMENT PER PLAT OF i \ . OTTER CREEK CROSSING /_ ♦ 1. Subject property's addresses are shown on survey. WATER MAIN C UNDERGROUND COMMUNICATION O _ __---_._. __-_.__ ----- --- ------ S \ r1 r1 1 T l II \ A /1 N I s \ \ R 0 1'09(\ ���, \ 2. Subject identification numbers are shown on survey. UNDERGROUND ELECTRIC �N / \ \ \ \ property's property E SW'LY EXTENSION OF THE SE'LY I o ' \ is 2,182,435 Square Feet 50.102 F UNDERGROUND FIBER OPTIC / / LINE OF OUTLOT A. OTTER CREEK \ I �' \ ^ � O \ \ \ 3. The gross area of the subject property or acres. G UNDERGROUND GAS CROSSING 1ST ADDITION oN OVERHEAD POWER 4d' \ \ / FENCE ♦ I \ EDGE OF` DELINEATED , �.. ' / / ♦ti \ ` \ SURVEY NOTES CURB & GUTTER FD RLS 44581 I -'\ _ _ WETLAND ' ' li / / " \ I� / / \ \ \ 1. The bearing system is based on the recorded plat of OTTER CREEK CROSSING, having an assumed bearing of S00°49'08"E for the West lines of Outlot E and Outlot F. - HEDGE LINE S38°42'52"E LOT 1 ! ` 2j 93 79 \' MI \ ` -.' i i /ti`Sp' l /,iii ' D \ / 2. The vertical datum is based on NAVD88. TREE LINE r\ 0 \ BLOCK 1 o 0l ,\ �' DRAINAGE AND UTILITY '-, a / /�° ( �, \ Q 'Lr 3. Field work was completed on 12/10/2021. Wa IK , EASEMENT PER PLAT OF ------------- ti ♦ - i 1 \ \ WI T - - "�'p5 ' BUILDING EDGE OTTER CREEK CROSSING 345.887 SQ. FT- - - - - - - - n of I\ \ \\ \ 7.940 AC. a I 0 I o \ \ OWNER. CITY OF MONTICELLO I /'% `.` 0 (� .r PLAT BOUNDARY 0 \ Nil /� , ADDREyS- UNASSIGNED Y `�j D♦♦ �%`'� \ ro S PROPOSED LOT LINE S `` r PID1155171000050 1 a6 , 0 S PROPOSED RIGHT WAY O 47„ � \ - - - - PROPOSED D and U EASEMENT \ S6, 68.319 Q. FT. \ \ O \ \ I / r .k/ 0•.` / f - 12 \ Q\ S6, 1.568 273.577 SQ. FT �. / I 6.280 AC / L.V I , ro \\ Ate, ------------00 OUTLOT :71 I F- 00 \� �S \ I DRAINAGE AND UTILITY EASEMENT / z / 00 \\ \\ \ �y`�On0S9 \\ I //v, i OVER ALL OFOUTLOT A / BLOCK 3 0 1 r -0 \ I W / , i 635,018 SO. FT. C-) / °� I 6 \ 90TH STREET 3RD ADDITION 1 r 1 \V v 0 0 \ �\ \ u'' O \ r �-. T C) \ \ 1- - wY !4.578 AC.. / 'V o U \ ` \ \ \ I/ ti //\JT �1 III ` ? 4'I nl w w \ vi �/ i I ro i 4j, \ (I t\ v �V\7 (♦ z� \ I T1�1` 7 S w OWN�RrC%TF MPt�T)CLLL9 3 ry / V I 1 I A v U v 1s \ r� \J NIA ¢{QD UTILITY N LINE OF VACATED ^ -I- '4 I v I T of j L=51.31 O 2 O 1�\ \ / J' / I i ' / / i \ J / \/1$Si8E.j21M 15�ER DOSSING Ej -- �� CHELSEA ROAD WEST 00 \\ / J K ER CREEK CR R=30.00 \ 4 FD 1/2" PIPE \ I -- -- -- -... _ _ _ '� °� n• irl nr /� \6 n . D=97°59'36„ \ \ \ y+i _L_ _ FD RLS 23968 I - 20.258 sa. F 0465 1z \\°� 88.94 - S88°38'27"E 666.91 ! 0\ S88°54'20" DRAINAGE AND UTILITY FD RLS 15233 N / / / i i" EASEMENT PER PLAT OF Z \ r 90TH STREET 3RD ADDITION 1- ( I-=45.06 1 ? \ A -960DRAINAGE AND UTILITY R. 00 \ EASEMENT PER PLAT OF A-2' 4123 ' \ / ♦ 6 O 13 S \ \ ?O \ OTTER CREEK CROSSING / O� O z W j/ ��/\ ��'1'T�CT �- \ / L - J DRAINAGE AND UTILITY FD RLS 22703 r• uJ 0- W I/ NOTE: ALL UNDERLYING rte) \ \ V, �, , ', a J N CL OF VACATED z 0 I g0�-.� �c 'C / O� EASEMENTS DEDICATED BY "/ \ O CJ r CHELSEA ROAD WEST Lu w } \ ROOTR,y� \ / ti� THE PLAT OF OTTER CREEK , O w 0O `- I S36°28,59"W \ �\ q9° L'� S,, \ \ / �O CROSSING WHICH ARE WITHIN 11! \ 2 O S n \ OUTLOT E AND OUTLOT F AND 69.98 .� _.r / \ 2p0M1 Siy�'0\ \ / / I OUTLOT H, SAID OTTER i '� S LINE OF VACATED aD 1 / /� \ %/i "S (, /\ \ CREEK CROSSING ARE , CHELSEA ROAD WEST / L=263.97 \ 79 F \\ \ \ / I PROPOSED TO BE VACATED, �t R=60.00 O { I A=252°04'34° \ \ \\ ' Y \ AND I CHELSEA ROAD WEST VACATED PER DOC. NO. A1091043 (n -- �- - \ S88°b`4'2O" 2 Q5 / \ ALL UNDERLYING DRAINAGE " (CITY RESERVES DRAINAGE AND UTILITY EASEMENT HOWEVER) - FD 1/2PIPE -O " \ I UTILITY EASEMENTS DEDICATED BY THE PLAT OF 90TH STREET 3RD ADDITION I �' WHICH ARE WITHIN OUTLOT A, � LOT 1 I 452.317 SQ. FT 1 10.384 AC. SAID 90TH STREET 3RD ADDITION ARE PROPOSED TO I C14l I LOI OWNER: CITY OF O co I I I o ADDRESS: UN MUM r_ PID: 155171000060 f z 1 II ( I II I 2 BLOCK I 2 PIPELINE EASEMENT I I\ f PER DOC. NO. 724490 I DRAINAGE AND UTILITY EASEMENT \ r \ N FD 1/2" REBAR 450.23 V - ---- - --- -- - - -- - - --- -- ------- o 0. 34.50 /1 N 1 11 1 I I 1^ S88°59'20"E 1121.27 I \ 117.23AND o'Q(S7's\ \ UTILITY EASEMENTS DEDICATED BY THE PLAT OF 90TH STREET 3RD ADDITION WHICH ARE WITHIN OUTLOT A, ` SAID 90TH STREET 3RD ADDITION ARE PROPOSED TO \ \ BE VACATED. \ \\ \ S7 DRAINAGE AND UTILITY EASEMENT \ r \ N FD 1/2" REBAR LOT 2 \'� \�\36as� 2 S00°20'16"E I CENTERLINE OF 60 FT TEMPORARY \ \ , \ roo\\ryo \ �i 0.91 387,057 SQ. FT. STORM WATER DRAIN EASEMENT - 8.886 AC. PER DOC. NO. 731770 J \ i ..� qo T �' FD 1/2' \ (EXPIRED YET???) \ , - br - PIPE \ DRAINAGE AND UTILITY '� j V�Y/' ♦\� r EASEMENT PER PLAT OF i \ . OTTER CREEK CROSSING /_ ♦ I �\ \ \ 671.04 FD v2" y �J� \ PIPS.. - oti �c>,P�R<�I °c Fgs'cr Fo \ \ c�ySclFo\\1os�Rs\\ _ __---_._. __-_.__ ----- --- ------ S \ r1 r1 1 T l 2 2 'Y S O \' sb,9r`�'t'y�� O ` 'i'9�jT,o� �S.S T \ '0, \ A /1 N I s \ \ R 0 ULJI I IVI v -VICINITY MAP - F - - CSAH NO. 39 r\\1>1 l\\Ik F � I cyF4 PST I S y o SECTION 10, TOWNSHIP 121, RANGE 25, WRIGHT COUNTY, MINNESOTA DRAINAGE AND UTILITY EASEMENTS ARE SHOWN THUS: A' N N N 6 �6 NOT TO SCALE + -J L BEING 6 FEET IN WIDTH, UNLESS OTHERWISE Graphic Scale (in feet) INDICATED, AND ADJOINING LOT LINES, AND 12 FEET IN WIDTH, UNLESS OTHERWISE INDICATED, AND ADJOINING RIGHT-OF-WAY 0 100 200 LINES, AS SHOWN ON THE PLAT. 1 inch = 100 feet mra SCALE: DRAWN BY: 1"=100' SURVEY BY: CHECK BY: SR JRH U) z Z 2 0 a U \ N / ° LU w 0 z Of F O} O aW apo >-Z 00 z Q > of < 0 K O- N W v O W a F- rn z V1�=ZF o U U) mog F ~ W Q z = > =QZOLL E O N >- W O U) N O LL J LL N �(,W(tg N W Q a.d W M }�Z)0Lu � o K O W z Lu r = W U z 0 of J D Preliminary Plat 0) 0 C O Co A\ co ry W 0 KMCl) J C C "ccam -� "F G " O WSB PROJECT NO. 019295-000 SHEET 1 OF 1 EDA Agenda: 05/25/22 7. Economic Development Director's Report (JT) A. Prospect List Update: Please see the updated Prospect List as Exhibit A. Volunteer Picnic: Exhibit B. Date of Contact L/12/2016 L/17/2016 /22/2017 /22/2018 1/29/2018 12/14/2018 3/28/2019 5/9/2019 8/16/2019 9/19/2019 1/20/2020 8/27/2020 12/23/2020 11/5/2020 05/20/2022 Building -Facility Retained lobs New lobs 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 Almost Done 70,000 sq. ft. 0 49 $5,480,000 On Hold 20,000 sq. ft. +/- 42 10 to $4,500,000 On Hold 20 12,000 sq. ft. 10 $1,200,000 Concept Stage Project Comet 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 Co -Working Space Project #6580 Metal Mfg. New Facility Constr. Karlsburger Foods Food Prod uc Facilty Expansion Project Blitzen Precision Machining Exist Bldg or New Const. 05/20/2022 Building -Facility Retained lobs New lobs 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 Almost Done 70,000 sq. ft. 0 49 $5,480,000 On Hold 20,000 sq. ft. +/- 42 10 to $4,500,000 On Hold 20 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. 0 25 $7,900,000 Concept Stage ft. Project Panda v3 Service -Child Care New Construction 10,500 sq. ft. 0 21 $4,100,000 Active Search Project Nuss Combo Service -sale New Construction 30,000 sq. ft. 0 20 to $3,500,000 Almost Done 30 Project TO Industrial Existing or New Construction 10,000 to 15,000 sq. 0 5 to 7 $800,000 Concept Stage ft. Project Flower Office Existing 7,000-8,000 sq. ft. 0 12 $750,000 Concept Stage 2/16/2021 3/19/2021 2/28/2022 6/16/2021 6/30/2021 7/29/2021 10/28/2021 Project Cold Industrial -Warehouse -Di New Construction 80,000 sq. ft. 0 21 $12,000,000 Concept Stage stri Project Orion Warehouse-Distributi New Construction 832,500 sq. ft. 0 500 $125,000,000 Active Search on Project Emma II Light Ind -Assembly New Construction 20,000 sq. ff. 0 4 $1,350,000 Active Search Project UBAA Child Care Services New Construction or Exist 5,000 sq. ft. 0 14 to 19 $2,000,000 Act Search Project Ecosphere Industrial Tech Mfg. New Construction 1,000,000 sq. ft. 0 1122 $85,000,000 Act Search Project BA710 Lt Assem-Distribute New Construction 6,500 to 7,000 sq. ft 0 10 $650,000 Active Search ' Project Stallion Technology Service New Construction 42,000 sq. ft. 40 $3,600,000 Active Search 2/7/2022I Project Shepherd Lt Assembly Distribution New Construction 75,000 sq. ft. III 75 $10,500,000 Active Search 4/28/2022 Project Cougar Precision Machining -Mfg. New Construction 35,000 to 45,000 sq. ft. 38 $4,700,000 Active Search Contacts: M =08 YTD = 10 volunteer recognition 0 NI F) 11:7, r As a BIG THANK YOU... City of Monticello volunteers and their families are invited to join us for a picnic at West Bridge Park! Rain or Shine (In case of rain the picnic will be moved indoors to the Community Center) Please RSVP with number attending to HR@ci.monticello.mn.us by June 20th. AMi�&o o