EDA Agenda 06-19-2001
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AGENDA
MONTICELLO I~CONOMIC DEVELOPMI~NT AUTHOR[TY
Tuesday, June [9,2001 - 4:00 p.m.
City Hall - Academy Room
MEMBERS: Chair Bill Del1leules, Vice Chair Barb Sehwientek, Assist Treasurer Ken Maus,
Clint Herbst, Roger Carlson, Ron Hoglund, and Darrin Lahr.
STAFF:
Treasurer Rick Wolfstcller, Executive Director Ollie Koropehak, Recorder Lori
Kraemer.
GUESTS:
Steve Grittman, Northwest Associated Consultants
Brian Thickpenny, Pri merica
Pam Campbell, DAT
Call to order.
Consideration to approve the May 22, 2001 EDA minutes.
Consideration of adding or removing agenda items.
Consideration to review concepts for Hlock 35 as prepared by Steve Grittman, determine
next steps and authorize to proceed if appropriate.
Consideration of a request to approve/disapprove additional funds to DMRr No. 112 for
removal of asbestos (Brian Thickpenny).
6. Consideration of Executive Director's Report.
7. Other Business.
8. Adjournment.
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MINUTES
MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
Tuesday, May 22, 2001 - 4:00 p.m.
City Hall - Academy Room
Members Present:
Chair Bill Demeules, Vice Chair Barb Schwientek, Clint Herbst and
Darrin Lahr.
Members Absent:
Ron Hoglund, Roger Carlson and Ken Maus
Staff Present:
Executive Director Ollie Koropchak and Recorder Lori Kraemer.
Guests:
Susie Wojchouski, Chamber Director
Pam Campbell, Design Advisory Committee Chair
Mr. & Mrs. Brian Thickpenny, Primerica
1. Call to order.
Chair Demeules called the meeting to order at 4 pm.
2.
Consideration to approve the April 24, 2001 EDA minutes.
A MOTION WAS MADE BY CLINT HERBST AND SECONDED BY BARB
SCHWIENTEK TO APPROVE THE MINUTES OF THE APRIL 24, 200 I EDA
MEETING. Motion carried.
3. Consideration of addin!! or removin!! agenda items. None
4. Consideration to review for approval/disapproval the DMRF application for 207 Pine
Street.
The DMRF application is from Brian Thickpenny,. Mr. Thickpenny presented his design
concept to OAT on May 15,2001. The unapproved minutes from DAT are attached as
well as OAT Review. Please address the following DMRF Guidelines for compliance.
Ollie Koropchak. Executive Director. provided a brief review of the DA T meeting held
prior to the EDA meeting. Brian Thickpenny, property owner of the building occupied
by Primerica. provided pictures of the existing building, as well as samples of materials
they may be using. Thickpenny stated they would like to keep the "old look"' of the
building as well. He stated that the building is currently painted and that maintaining the
exterior has been challenging due to road spray fi'om snow plows, etc. as it is located on
Hwy 25 vvhich is a very busy road. Mr. Thickpenny's contractor was also present and
EDA Minutes - OS/22/01
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described the types of materials they would like to use, as well as stated that if asbestos
were found and the owner decided to not remove it and cover it, he would not be
interested in the project.
Pam CampbelL OAT Chair, discussed the possibility of removing the current slate and
possibly resell it, but it was determined that was not an easy task and they would not be
doing that. Campbell added that the OAT voted to go with the vinyl siding due to the
closeness of the building to Hwy 25 and the maintenance due to road spray. Campbell
also noted they did not want this to set a precedent as it does not coincide with the design
guidelines, but they are sympathetic to the owner's situation. OAT's motion was to
approve the use of the shake material along with the vinyl siding as presented, front and
top gables to be shake material. New shutters will be added as well.
The contractor ad vised the costs to be approximately $8,700 to do all four sides with
vinyl; price contingent on asbestos test.
Koropchak stated an additional $3200 if they were to do all shakes ($1600/ea) for a total
match of$5277; or if just the front & gables, it is $1,569 more (matching is $785/ea) for
a total match of $4,462. Also pointed out that the guidelines stated front rear and one
side. but at times they have talked about all four sides.
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The EDA members asked Thickpenny "if the EDA ,vould match the cost to use shake
overall, would they agree'?", and Thickpenny responded yes.
The members discussed that their objective is to clean up the baek side of that entire
block after the Thickpenny's stated their concern was that this would not occur and
therefore it wouldn't make sense to spend the extra money for the back side if the
building if clcanupwere not to occur. Thickpenny also discussed 2 windows that would
then be visible on the back side and asked if the EDA wanted them to upgrade those as
well. The members agreed to the extra matching grant money to add the shutters to the
back which would amount to $5,366.50 as the EDA's contribution.
Schwientek stated the best they could do would be the $2500 per side and added that they
could come back for additional suppOt1 if asbestos was located. Lahr also added that this
is a package and should not be split up or only small projects be completed by
eliminating any parts of the package. Schwientek asked the owners if they agreed to this
and they did.
A MOTION WAS MADE BY BARB SCHWIENTEK AND SECONDED BY DARRIN
LAI-IR TO APPROVE DMRF NO. 112 IN THE AMOUNT or $5.366 FOR THE
BUILDING HvIPROVEMENTS AS PRESENTED. AS A TOTAL PACKAGE.
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EDA Minutes - OS/22/0 I
UTILIZING SHAKES ON FOUR SIDES. AND TO RETURN TO THE EDA FOR
POSSIBLE ADDITIONAL SUPPORT SHOULD ASBESTOS BE FOUND UNDER
Tt-IE CURRENT SIDING. Motion carried unanimously.
5.
Consideration to review for approval/disapproval the DMRF application for 205 Pine
Street.
Ollie Koropchak, Executive Director, advised the EDA members that the DMRF
application is from Rick Wolfsteller via Susie Wojchouski. Chamber Director, for the
City of Monticello who owns the property which is occupied by the Chamber of
Commerce. Susie presented the design concept to DA T on May 15,2001.
Susie stated their idea is to remove ric/rac and the stucco and wood will be
repainted/repaired. She noted that the ric/rac on corner post of the building has to remain
as it is embedded in the stucco: the corners around windows and corner posts will be
painted a sage color, stucco color will be beige. There will be a new Chamber sign with
the new logo which will be dark green with an M in the middle which "vill be lighter
green, and it will be a sandblasted foam sign which is very durable. They will be lighting
the sign (cap lighting) with a goose neck for angling. On the North side facing Co Rd 75
will be a small cap awning that says "Chamber" which will be dark green with white
lettering. Susie provided painting estimates as well.
Clint Herbst asked about installing a fixed, wood a"vning, but Susie wasn't sure how that
would be affixed to the building or what was under it. It is also a cost factor. Susie has
also talked to Clarence McCarty. adjacent building owner. to see if he would remove a
portion of the wood on the building that is falling apart. but has not heard back from at
this time. She did state she had also thought about having the painter extend the painting
to the adjacent building if Mr. McCarty did not agree to remove the wood. Susie
estimated the cost to remove the wood boards and paint that portion as well to be at $750:
but that the Chamber would not be paying that portion.
Koropchak stated the total estimated cost to be $4.731.13. and the EDA would match
50% of that total. Susie also provided a brief description of a concept to improve their
park as well. Shrubs removed. flower pots added. trim. public art work, and the turquoise
bench will be redone. Did check in for putting in brick pavers where there is grass but
that was too expensive.
Sue also added that she would be "villing to be the liaison to the EDA in approaching the
property o\mers next to the Chamber building in regard to upgrading and facade
treatments. The FDA discussed that to improve the Chamber building and Primerica
building \yould not do much good if the adjacent owners did not improve their buildings
as well.
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EDA Minutes ~ OS/22/01
A MOTION WAS MADE BY DARRIN LAHR AND SECONDED BY BARB
SCHWIENTEK TO APPROVE DMRF NO. 113 IN THE AMOUNT OF $2.365.56 AND
UP TO $500 FOR FEE REIMBURSEMENT AT 205 PINE STREET. Motion carried
unanimously.
^ MOTION WAS MADE BY DARRIN LAHR AND SECONDED BY BARB
SCHWIENTEK AUTHORIZING SUSIE WOJCHOUSKI TO APPROACH
CLARENCE MCCARTY FOR PERMISSION TO RE-PAINT THAT PORTION OF
THE ADJACENT BUILDING WITH EDA FUNDS. UP TO A MAXIMUM OF $1.000.
Motion carried unanimously.
6.
Consideration to review the cost proposals from Planner Steve Grittman relative to Block
35 and authorization to move forward.
Ollie Koropchak, Executive Director, advised that she had received a quote from Steve
Grittman for $1,680 for design concepts which combine the trash handling and an overall
plan for private parking located within Block 35, the Planner to work with the Public
Works Department and the businesses within Block 35. Koropchak also spoke with John
Simola regarding the EDA's plan. Pam CampbelL DA T Chair. asked where the proposal
would go once received from Grittman and Koropchak advised that it would be
forwarded to the EDA and then on to the DA T as well if there were a design issue.
Koropchak also advised that if the EDA authorized the go-ahead, Grittman would be
suggested to use Al Loch as the key contact person for the downtown businesses and
John Simola for Public Works.
Bill Demeules asked about defining the scope of the project and he was advised that part
of what Grittman is going to do is approach Al Loch, property owner, as part of his
proposal. The EDA will then have to decide where to go from there. I-Ierbst noted it
could be broken down in stages. Rick Wolfsteller asked if the EDA was going to
approach the owners on paying for their own receptacles, etc. and they stated no. this was
something the EDA wanted to do themselves for improvements. It was suggested that
they start with garbage receptacles first and then move forward to parking area
enhancements as vvell. As per Grittman' s proposaL he would plan for an on-site block
meeting of property owners. develop concepts. and then a follow-up meeting to present
options. Schvvientek stated she did not feel it was Steve's position at this time to be
talking with owners reQarding the back sides of their buildings. She also feels we need to
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clarify enhancing the rear entrances, in not meaning to enhance the design. Herbst states
the owners may need some ideas to look at in order to get them interested. Second step
would be to go to the DA T and building o\vners to start the clean up. stating the need to
clean up the back sides first \vhich would include garbage receptacles. Koropehak was
to clarify that the ED^ would not be doing individual facade improvements.
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EDA Minutes - OS/22/0 I
A MOTION WAS MADE BY DARRIN LAHRAND SECONDED BY CLINT
HERBST AUTHORIZING PLANNER STEVE GRITTMAN TO PROCEED WITH
SITE CONCEPTS FOR A PORTION OF BLOCK 35, OR AS SO DESCRIBED, AT A
COST NOT TO EXCEED $1,800; AND TO WORK WITH THE PUBLIC WORKS
DIRECTOR AND DOWNTOWN BUSINESS OWNERS, WITH CLARIFICATION BY
OLLIE KOROPCHAK TO STATE TI-I1S IS NOT FOR FACADE IMPROVEMENTS.
Motion carried unanimously.
7.
Consideration to approve amendinll the EDA Bvlaws.
Koropchak advised that at the April EDA meeting, the commissioners discussed the
potential of merging the EDA and HRA. The commissioners felt combining thc two
commissions would create agendas of too great of length causing long meetings and
perhaps hasty, inappropriate dccisions. In order to reduce the number of evening
meetings, the commissioners present suggested the EDA meeting time be 2:00 p.m. or
4:00 p.m. subject to consideration by Hoglund and Lahr who were absent.
Koropchak stated the EDA needs to decide if 2:00 or 4:00 p.m. works best and amend the
EDA Bylaws accordingly. She also provided an excerpt of the Bylaws and stated the
meeting time of the regular and annual meeting should be amended as well as the month
of the annual meeting. The annual meeting this year was held in April which allowed the
Finance Department more time to generate year-end reports.
Koropchak stated that based on the discussion at the last meeting it was decided to
change the time to 4:00 pm versus the 7:00 pm in order to get better attendance. Barb
Schwientek asked why there is even a time listed in the bylaws and Wolfsteller stated that
is what the City does with their other meetings as well. in getting the public to recognize
or get familiar with meeting times. Schwientek notcd she prcferred to have thc timc
taken out of the by laws, but Koropchak stated the by laws coincide with the City
ordinances. Demeules stated possibly the EDA could change it to state an unspecified
time, i.e. bctween 2 pm and 6 pm, but the EDA did not agree. Demeules also asked if
this item had to go to the attorney for his review and they did not feel that it did. but they
felt they needed the Attorney to advise. Schwientek stated her reasoning for not listing
specific times would be for t1exibility of the members. There was further discussion
stating the 4:00 pm meeting time would stand at this time.
A MOTION WAS MADE BY BARB SCHWIENTEK AND SECONDED BY CLINT
HERBST TO APPROVE AMENDING ARTICLE V - MEETINGS, SECTION 2.. OF
THE BYLAWS AS FOLLOWS: REGULAR MEETINGS OF THE EDA SHALL BE
HELD ON THE 4111 TlJESDA Y OF JANUARY. APRIL JUL Y, AND OCTOBER.
AND THE ANNUAL MEETING SIIALL BE IN CONJUNCTION WrrI [THE
REGULAR APRIL MEETING. Motion carried unanimously.
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8.
EDA Minutes - OS/22/0 I
Consideration of Executive Director's Report.
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Koropchak provided information regarding IRT which will be closing on
approximately 6/12/01; also noted they have received commitments from the
bank.
Faymar discussed real estate being up for sale, business sold to someone in Ohio
and they are downsizing. Working with them to build a 15,000 sq ft building,
hopefully in Monticello
Redwing Foods - not going with the H Window building. but perhaps building a
30,000 sq ft building and may want to be located at the corner of Fallon and
Chelsea. She also noted there is a potential buyer for the H Window building.
Wright Co Partnership has an event coming up. Wolfsteller and Koropchak went
to a meeting there earlier in the day, looked at consistencies among other cities
and buildings.
Ryan Co has moved on.
Economic down trend on some industries, seem to be waiting at this point.
Silver Creek Development was in talking about a possibility of
commercial/industrial building on East Th St.
HRA authorized housing plan in connection with the County.
Blue Chip is going to the Planning Commission for tlnal PUD approval in June.
EDMA is working with a company looking at a site in Monticello.
Production Stamping - provided an analysis of uses/sources for them. IfTIF
amount goes down perhaps the EDA would want to do a $200,000 loan.
Having Legal Council review - seeing if that will work for a certain property in
Monticello.
Knows of a company in Monticello that will expand this summer.
TJ Martin did opt to do the electronic payment for their loan.
Tapper paid off balloon payment.
Took year end reports to council which they accepted.
Did an adjustment to cash flow, took out the amount that was paid to the Liquor
Fund.
Included a letter that was given to City Council and Mayor provided by Chadwick
regarding their property. this will be on the council agenda at their next meeting.
IDC made a motion to encourage the negotiation - move forward. Also chairs are
up. CH noted his concern on moving forward on this as pursuing this property he
feels does not help as it 'vvill not be developable for a long period of time and
states looking for property that is usable now would be the way to go. Koropchak
noted that the Chadwick property is the only one zoned industrial at this time. but
Herbst added that if someone came in proposing to re-zone a piece of property to
industriaL the Council may go authorize that. He also stated his feeling would be
to look at the Gold Nugget property again. Koropchak noted that owning the
industrial land would be beneficiaL as right now we are marketing industrial land
not owned by the City. Lahr added that the City needs to look at long term now.
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EDA Minutes. OS/22/01
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buy further out now and down the road it will be in demand.
Koropchak added that she had missed one of the loans, an equipment loan, that
was due by the Demeules, which was paid.
Koropchak approached the members regarding the downtown area for
revitalizing, may want to encourage the owners to recreate what was originally
there, and would EDA be interested in helping to fund this.
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9. Other Business. - None
10. Adjournment.
A MOTION WAS MADE BY CLINT HERBST AND SECONDED BY DARRIN
LAHR TO ADJOURN THE MEETING AT 5:45 PM. Motion carried unanimously.
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EDA Agenda - 6/19/01
4.
Consideration to review concepts for Block 35 as prepared bv Steve Grittman.
determine next steps. and authorize to proceed if aporopriate.
A. Reference and background:
At the May FDA meeting, the commissioners authorized Planner Consultant Grittman to
proceed with site concepts fix an overall trash handling and private parking plan within
Block 35 and to work with the Public Works Director and the business owners.
Additionally, Koropchak was to clarify with Grittman that the site concepts did not
include individual iacade improvement concepts.
Grittman was so advised by Koropchak. Grittman will present his concepts at the
meeting. OAT Chair Campbell was advised of the agenda item and will invite OAT
members (less than a nl<~iority) to the meeting to hear the presentation. lloglund is the
EOA representative to DA T. Although this is site concepts, not design concepts, per
Grittman; it is good to include DA T input.
The EOA needs to determine what, ifany, are the next steps. If the property owners,
public works, OAT, and the EDA like or agree on a concept: Is the EDA looking to
match the estimated costs to create a unified trash area(s) and/or overall private parking
plan? Are the property owners willing to participate? Does the City have plans to
upgrade the public parking lot? Is the EDA money better spend in the public parking lot?
B. Alternative Actions:
1. A motion to proceed as follows:
2. A motion to further explore as follows:
3. A motion to not proceed.
C. Recommendation:
With no concepts, no recommendation.
D. Supportill!! Data:
None.
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5.
Consideration of a request to aoprove/disaporove additional funds to DMRF No.
112 for removal of asbestos.
A. Reference and backeround:
At the EDA meeting in May, the commissioners approved the use ofDMRF in the
amount of $5,366.50 for facade improvement to four exterior walls at 207 Walnut Street
plus up to $500 for fee reimbursement. Additionally, the commissioners stated if upon
removing the current siding asbestos was found, the applicants were invited to approach
the FDA for additional funding as the total maximum amount of DMRF available per
parcel is $7.500 for three sides.
Attached are copies of two hids obtained by Thickpenny for asbestos removal. Using the
lower bid 01'$2,950 from Mctro Environmcntal, the EDA could approve a matching
amount of$I,475 and remain below the $7,500 maximum. Total EDA contribution
would be $6,841.50 ($5,366.50 + $1,475).
Brian Thickpenny will attcnd mecting.
B. Alternative Actions:
1.
A motion to approve an additional $1,475 to DMRr No. 112 for removal of
asbestos. Total amount of EDA matching dollars is $6,841.50 plus up to $500
lee reimbursemcnt.
2. A motion to approve an additional ___ to DMRF No. 112 for removal
of asbestos. Total amount of EDA matching dollars is _,,__ plus up to
$500 fee reimbursement.
3. A motion to deny approval of additional funding to DMRF No. 112.
4. A motion to table any action.
C. Recommendation:
Recommendation is alternative no. 1 f()r compliance of DMRF Guidelines.
D. Supporting Data:
Two asbcstos bids.
JUN~0a-01
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01:30 PM THICKPENNY AND ASSOC
"""'~l-Ql 8~:~liI'-", MltT,"O ~"'''''lROHI''\S;''TAl...
612 295 e07e
P.03
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BIll S!~VICES, INC-
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Metro El'lVlronm.ntal Sit;. Serv!;.., Inc.
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19050 Ind~.crl.~ &'ve. N.W, S~ite I
ilk ~l'I1!r, MN ssno
Olr.~' ?6H11-8S?C 'F~ 76).1..J..m
May 31. 2001
Mr. Tom PhWipI
"A" Plu. Exterlora
Big Lake. MN 55309
RE: "erno",1 and Diacao..1 of MHatQ, Containing Sfdll'lg Approllmallly
1400 Square Foot of OftIc. SpICt L.ocatvd on the Comer of Broadw.~
SVlIat ind Hwy 25. Monti'e1Io. MN
Dear Mr. PhilliPI;
As. ptt walk through ~.t 'wIS QJnduded on May 31.2001 It 3:00 p.m. at the
abO\le referenced proi*ct. we helllin propose to furnish labot and matertal to
I'8I'TlClVe and dispose of accessible asbestos containing siding per state and
federal reguliltion$.
For the Sum of: Two Tho......nd Hint Hl.lnd...d Fifty DO~tsO.OO) ~
Metro Environmental Site Servloe" Ine. will follow III State and r:ederlll
regulations curirlQ the wo~. _
OeSCRIPTION OF ASBEStOS ABATEMENT PROCEDURES:
Per State line! Federal Regulation..
Allabatement wo.'Ul'I are trained, eertified and ~C8nsed to perfonn asbestos
aba'tament operations.
Metro Environ~ntal Site Servi:::el, Inc. will take III air sampling and have them
.na1tud by lIIn Independent laborstory.
W~ xbe$!:ro GOn~~-n:?terie~&."le!I-Oo llelll04 1~6 ~.poI.y.bBg~.or.W"apptlCt._
In a douDle layer of 6-mlJ po/~ $leMing, All pieces Shall be labeled approprltltQ/y.
The dumpster cootall1lng the ba;;jgcd Of barre'-d asbeatOi material wlll be hauled
by Vasko. Inc.. of Sl Paul. MN to the SKB Rosemount Industdal Wa$te Facility,
located In RO$ermunt, MN.
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The appr.>prfste hazard/danger a1gn will be posted on the Oump&b~r while the
\>OOf\ol...& are leading bageldrurJ'lLfpipe eection into Dumpster.
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JUN-8S-81 81:29 PM THICKPENNY AND ASSOC
612 295 8878
P.82
J'~QW. VE: T J:IoiVI nOl.lI.i:NTAt.
IP'C
(1"lI.l) 6. "01 .1,5e/ST. .1,57/NO.4:<6086/)..94 P I
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23801 INDUSTRIAL BLVD. · SUITE 100. ROGERS. M~ 55374
PHO~JE: (763) 428-2819 · FAX: (763) 4;t.8.3574
ENVIRONMENTAL INC.
June 1. 2001
To; Tor..::. Phillips
A-Plus Exteriur
Roger Dokken /'/' I
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From:
FlJ.rni.s11 labor, material. c;qu.ip:nent. dispos~. and ~surancc to remove asbestos trarlSite
siding from a house at the intersection ofCOUllt). Rd. 25 and Brl.lauw2.Y in Mor.ticclJo,
MN. There is ap?roxin:atdy 1200 Sf of removal area., no: u~duding the roof.
Quore..,.... .... .......,.. ......$4.989.00
ENVIRONMENTAL SPECIA.USTS
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ECONOMIC DEVELOPMENT UPDATE
.JUNE 13, 2001
by Ollie Koropchak
Block 52 - Since the joint meeting of the HRA/Couneil, HRA Chair Frie and Koropchak
met or spoke with all property owners of Block 52 with the exception of Kathy ~'rosJie and
including Pat Sawatzke to determine their short and long term plans. Additionally, Frie
and Koropchak met twice with Pat O'l>onnell, proposed owner, and Mike Cyr, proposed
contractor, relative to the options for redevelopment of Block 52. Rased on our
conversations with property owners, the direction from Council and, given the fact, the
preference of the proposed devclopcrs was either to redevelop along River Street or
redevelop along Walnut Street at their existing site; the BRA on June 6, 2001 encouraged
the developers to proceed with redevelopment on their existing site. The developer
approached the HRA with the River Street concept knowing of the lIRA's interest to
redevelop the block and the project along River Street cash-flowed for the developer
because of the proposed mixed use concept: retail, office, and upscale condos with
underground parking which was consistent with the Comprehensive Plan. A project along
Pine and Broadway would not include housing and underground parking.
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Given the interest of certain property owners of R10ck 52, upon finalizing the TIF
assistance for redevelopment of the Amoco and Front Street sites, and based on the
decision of the Legislators to reduce the tax classification rates; the BRA plans to meet with
interested sellers to proceed with negotiations to acquire in a partnership approach for
redevelopment within two/four years.
The HRA authorized the preparation of the Contract for Private Redevelopment with
Masters Fifth A venue for redevclopment of the Amoco site. The proposed project is the
construction of 5,700 sq ft restaurant and office facility with second-floor rental apartments
(6 units) and a detached carriage house consisting of indoor parking and sccond-floor
apartments (2 units). The HRA will reimburse the developer ofthe lesser: A. the cost to
acquire and demolition the Amoco site, R. not-to-exceed $185,000, or C. the amount of the
"available tax increment" generated from the project during the life of the district. In
addition, the HRA approved up to $45,000 for parking development off-site from surplus
funds within the Downtown TIF District.
Rased on tax increment cash-flows including the proposed classification rate reductions,
the committed debt on the Amoco site, and the proposed debt on the Front Street site; the
Downtown TIF District has sufficient tax increment to proceed with negotiations for
redevelopment of Block 52.
The Marketing Team visited Shlmping Production, Inc. last week. No commitment.
Looking to construct a 35,000 - 40,000 sq ft building. 45 new jobs at average wage of
$15.00 per hour without benefits.
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Marketing Team scheduled to visit a small machine shop in Eden Prairie today. Looking
at a 10,000 sq ft building. 3-5 .iobs at $20 per hour without benefits.
In lieu of the two artieles in the Minneapolis Tribune on Sunday and Monday relative to
tax increment financing, attached is a copy of the Tax Increment Property Tax Data, Taxes
Payable 2000 for Wright County. You will note, the City of Monticello has 14 active TIF
Districts for a captured tax capacity of 3.85% of the city's total tax capacity. Assuming the
Council approved TIF District No. 1-28 and with the BRA adopting a resolution
decertifying TIF District No. 1-12 (Aroplax) on June 6, the city remains at 14 active
districts. In past years, the liRA has used the pay-as-you-go finance method
(reimbursement). Therefore, if the classification rates are reduced, the property owner
pays less property taxes, the HRA collects less tax increment, and the developer is
reimbursed less tax increment ("available tax increment").
GMEF No. 007 - The first Standard Iron balloon payment was paid the end of May 2001
per Loan Agreement. See attached.
Hoglund gave lead for potential industry - See attached letter, faxed lead sheet from CB
Richard Ellis on FayMar building for lease and Barger's phone number. Had call from
real estate agent "thanks" and company representative planning to visit site.
H-Window building - Red Wings Foods elected not to proceed with acquisition. Currently
are working with local lender for potential to construct.
One local manufacturer looking to expand in 2002.
fRTf - Steve will execute Contract for Private Development today and loan closing planned at
lender office the week of June 1 X. Watch for Groundbreaking.
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June 8, 2001
MONTICELLO
Mr. Charlie Gorman
International Cups
577 International Drive
Bennettsville, SC 29512
Dear Charlie:
It was great talking with you today and hearing of your company plans to expand to Minnesota. I
faxed you the information on the 35,000 sq ft facility for lease in whole or part by CB Richard
Ellis and also gave the name and telephone number of Brad Barger who has received city
approval to construct a two 14,000 sq ft manufacturing facilities for lease.
The City of Monticello offers a low-interesrfixed loan program for manufacturing companies.
The program is available for real estate or machine and equipment needs. We work with
conventional lenders and take a subordinate position behind the lender. Additionally, the City of
Monticello offers affordable housing options and great opportunities for families: excellent school
system and health care facilities, community center and pathway systems, and excellent location
along 1-94.
Please review the attached Monticello, We're Open for Business marketing piece and the
community.profile and guide. On your next visit to Minnesota, please stop by the Monticello
City Hall located within the Community Center at 505 Walnut Street. If! can be offurther
assistance, please call me at 763-271-3208 or e-mail okoropch@uslink.net.
Sincerely,
CITY OF MONTICELLO
Q ~ "'-~ m d ~JlJ-=-.
Ollie Koropchak
Economic Development Director
c: File
Monticello City Hull, 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