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HRA Agenda 08-01-2007
AGENDA MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY Wednesday, August 1, 2007 - b:00 p.rn. Bridge Roam -Community Center Commissioners: Vice Chair Bill Fair, Brad Barger, and Dan Frie. Council Liaison: Wayne Mayer. Staff: HRA Executive Director Ollie Koropchak, Rick Wolfsteller, and Angela Schumann. 1. Call to Order. 2. Consideration to approve the June 6, 2007 HRA minutes. 3. Consideration of adding or removing items from the agenda. 4. Consent Agenda: 5. Consideration to review the new city budget worksheets and accept the HRA 2008 Preliminary ~~ 13udget. 6. Consideration of a request to discuss for potential purchase of the property located at the northeast corner of Pine/Third Street. 7. Consideration to authorize payment of HRA bills. 8. Consideration of HRA Executive Report. 9. Committee Reports: Marketing Fiber Optics EDA/HRA merger 10. Next regular HRA meeting -Wednesday, September 5, 2007. 11. Adjournment. • MINUTES HOUSING AND REDEVELOPMENT AUTHORITY Wednesday, June 5th, 2007 Commissioners Present: Vice Chair Bill Fair, Brad Barger, and Dan Frie Commissioners Absent: None. Council Liaison Present: Wayne Mayer Staff Present: Ollie Korapchak, Rick Wolfsteller, Angela Schumann 1. Call to Order. Vice Chair Bill Fair called the meeting to order. 2. Consideration to a rove the A ril 11 2007 and Ma 2nd 2007 HRA minutes. Commissioner Frie noted one change to the April 11th minutes, which should reflect that on page 2, paragraph 2, the minutes should reflect that Korapchak answered Fair's question. MOTION TO APPROVE THE AMENDMENT TO THE APRIL 11th MINUTES. BY COMMISSIONER FAIR. MOTION SECONDED BY COMMISSIONER FRIE. MOTION CARRIED, 3-0. MOTION BY COMMISSIONER FRIE TO APPROVE THE HRA MINUTES OF APRIL 11th, 2007. MOTION SECONDED BY COMMISSIONER FAIR. MOTION CARRIED, 3-0. MOTION BY COMMISSIONER FRIE TO APPROVE THE HRA MINUTES OF MAY 2°d, 2007. MOTION SECONDED BY COMMISSIONER BARGER. MOTION CARRIED, 3-0. 3. Consideration of addin or removin items from the a ends. Koropchak added as item 6a a discussion of funding for a consultant on the bio- science initiative. • 1 4. Consent A enda. NONE. 5. Consideration to authorize re oration of a resolution and to a rove a resolution enterin into a Loan A eement between the Housin and Redevelo ment Authorit in and for the Cit of Monticello and the Cit of Monticello for 201 East Broadway. Koropchak reported that a purchase agreement had been drawn up and taken to sellers. Frie reported that the purchase agreement had been presented, and the seller had requested a small change in moving the closing date to July 16th Koropchak explained that the owner was going to run business through end of season, and then auction remaining inventory and property. The agreement states that the owner will give up possession by Jan. 1, 2008. Koropchak explained that language regarding inspection had also been added. The owner had also indicated that the concrete barriers on site were available to the City, if the City wants them. Koropchak stated that she had spoken with John Simola, who had indicated that they could perhaps utilize the building. With those notes, Koropchak stated that the agreement had been signed. Koropchak stated that when the item regarding a possible loan was taken to the Council, there was quite a bit of discussion. At that time, Wolfsteller had brought up that in order to meet the county recorder's deadlines for tax exemptions, the transaction needs to close and be reported by before July 1. That information has been conveyed to the property owner. Frie reported that title work is being completed. Pair clarified that HRA has to awn the property by July 1St. Wolfsteller stated that closing by that date would save the HRA about $15,000 in tax payments in 2008. Mayer asked the HRA's offer had gone through Frie's business. Frie responded that he had acted as the buyer's representative and that the earnest money is held by the Wright Sherburne Realty Trust account. Koropchak clarified that Mayer was asking about possible conflict of interest. Fair noted that the seller is using Wright Sherburne. Frie explained that as part of practice, he had made an agency disclosure regarding the representations. Koropchak stated that in the Council's discussion, the approval of the loan was a 3-2 vote. Koropchak stated that when thinking about this sale in more detail, she had been trying to concentrate on how to use District 1-22 25% pooling dollazs. Koropchak stated that in examining funding in more detail, she looked fox ways to avoid having the HRA pay interest. 2 As a result, Koropchak proposed an alternative funding mechanism. She stated that in looking at the balances of other districts, 1-22 has balance of $320,000. She stated that she had thought perhaps the HRA could use $250,000 out of that fund and requesting a $200,000 from the City Council. In that way, the City doesn't have to put out as much from general fund, and the HRA doesn't pay as much interest. However, in talking further about this option with HRA Attorney Steve Bubul, he indicated that the purchase must be an annual calculation of the 2S% of pooling dollars. Koropchak stated that after that discussion, she looked at the fund balances of all districts. Koropchak stated that although the HRA general fund is $700,000 short in terms of cash, the districts cumulatively have a balance available. Old TIF districts, such as Construction S, which is still collecting increment, has a balance of over $b00,000. Bubul suggested using $450,000 out of that district. Koropchak stated that blight is not an issue, because these are not subject to restrictions and pooling dollars. Koropchak stated that her recommedation is to use those dollars. Then the HRA doesn't need to enter a loan agreement with the City Koropchak recommended that the HRA authorize proceeding with purchase of property and authorize preparation of closing documents, based an the previous suggestion of using funds from District 1-S, Construction S. Koropchak stated that the HRA could simply make a motion based on that alternative. Fair clarified that the whole item needs to be acted on, so the HRA would need to act to deny authorizing the resolution for loan agreement with the City. MOTION BY COMMISSIONER BARGER TO DENY AUTHORIZING PREPARATION OF A RESOLUTION BETWEEN THE HRA AND CITY COUNCIL FOR THE PURCHASE OF PROPERTY AT 201 EAST BROADWAY. MOTION SECONDED BY COMMISSIONER FRIE. MOTION CARRIED, 3- 0. Barger added discussion of this item as agenda item Sb. Sb. MOTION BY COMMISSIONER BARGER TO AUTHORIZE PROCEDING WITH THE PURCHASE CLOSING DOCUMENTS FOR PROPERTY LOCATED AT 201 E. BROADWAY AND WITH THE FUNDING OF $450,000 FROM TIF 1-S AND A CLOSING DATE OF PRIOR TO JULY 1, 2007 MOTION SECONDED BY COMMISSIONER FRIE. • 3 Wolfsteller painted out that as this sale uses unrestricted dollars, the future sale of this property would in turn not be restricted. Sa, if the HRA sold the property for more than original purchase, it all goes back to the HRA. MOTION CARRIED, 3-0. Frie stated that this purchase signals to the downtown that the HRA is interested in redevelopment and is willing to purchase property to achieve redevelopment. Koropchak stated that that the HRA will need to decide if there is a use for the structure or not. 6. Consideration to acce t the resi ation of HRA Commissioners Steve Andrews and Darrin Lahr. Koropchak stated that Darrin Lahr and Steve Andrews have submitted letters of resignation for the record. MOTION BY COMMISSIONER BARGER TO ACCEPT THE RESIGNATION OF HRA COMMISSIONERS DARRIN LAHR AND STEVE ANDREWS. MOTION SECONDED BY COMMISSIONER FRIE. MOTION CARRIED, 3-0. Koropchak noted that the City Council had also received the letters. Koropchak noted that the attorney had indicated it wasn't possible to get them anything in terms of a gift for service. However, Koropchak stated that in recognition of their service to the organization, the HRA could consider a small private outing. The Commissioners agreed and asked Koropchak to arrange a gathering of current and former HRA members, particularly in light of a possible merger with the EDA. 6a. Consideration to review fundin a Bio-Science Initiative Consultant. Barger reported that he had attended the stakeholder meeting introducing the bio- science concept and it seemed like the idea has generated a lot of interest. The marketing group is at a stage to move forward, and it feels that the effort needs to be a little bit more organized. Barger stated that there has been discussion about hiring a consultant or point person to move the project forward and show that there is cornrnitment. Barger stated that essentially, the group needs someone who can tie things together. Koropchak explained that the marketing group liked the fiber optics task force model, where consultant Milda Hedblum has been a lead person. The marketing group understands that they will need to define a scope of work. 4 Koropchak stated that she has been in contact with Anoka-Ramsey far assistance on plan development They have indicated that they would help develop a plan through the first 6 months. She noted that she had also discussed this item at the IDC meeting and Bill Tapper had indicated an interest in being involved, as he has a contact tied to Medtronic. In talking with Anoka-Ramsey about scope, a consultant had been discussed and subsequently, acquiring funding sources for consultant services. It was suggested that perhaps the HRA could be a source for funding. Koropchak stated that she didn't know about the amount of dollars involved at this point. Koropchak stated that the question is the whether the HRA interested. The funding could have to come from the general fluid. Fair inquired about what types of industries the City would be targeting. Koropchak responded that there are four basic categories, of which medical devices is just one field. Koropchak stated that the type of business to be targeted in one of the items stated that has to be worked through. Koropchak noted again that the group would need to determine a scope of work. Fair commented that he is interested, but at this time there seems to be too many unknowns. Mayer stated that trying to draw similarities to fiber optics, it is important to identify individuals or organizations to produce the deliverables you need to proceed. Mayer suggested that if Bill Tapper has offered a resource, then work from there. Barger and Koropchak clarified that the group's goal is to narrow the scope and make connections. Fair asked who would have oversight of the consultant. Barger stated that a task force needs to be farmed. Fair clarified that the bio-science idea came out of the marketing subcommittee. Koropchak agreed, noting that the group had SCSU prepare a feasibility study on the topic. Frie summarized that the group needs to move forward but has run to the end of what it can do without more resources. Koropchak stated that City and marketing group representatives will be going to Eden Prairie to discuss strategies for attracting high-tech businesses with the City of Eden Prairie. She extended the invitation to HRA members. Fair asked for confirmation of what is being asked for. Barger stated that it is just a statement of support if a task force is going to be formed. Mayer asked what types of items are viewed as regional advantages. Barger stated that the major advantage is tax breaks. . Koropchak stated that given the questions, there needs to be more discussion on the concept. Frie stated that it maybe the task force that puts more form to this. Mayer stated that he thought the effort was moving in the right direction. 7. Consideration to authorize a ent of HRA bills. NONE. 8. Consideration of HRA Executive Re ort. Koropchak highlighted to the HRA that they had been invited to visit Washburn Computer group on Wednesday, June 27tih at 3:001'M. Koropchak stated that Lyle Trunnel has been notified that the HRA is not interested in purchasing his property. 9. Committee Re orts a. Fiber Optics - NONE. b. HRA/EDA merger - A meeting between city, HRA and EDA representatives had been held prior to the HRA meeting to discuss the procedures and process of an HRA/EDA merger. Fair stated that Steve Bubul had clarified items related to the merger. Fair reported that by statute, the EDA would have mare powers than the HRA. Fair stated that Monticello's EDA has been limited by originating ordinances from City. The HRA would need to be dissolved by resolution. Fair indicated that Bubul could provide these services. The City Council will need to decide on make-up of the new organization. The HRA would exist in transition because of transfers and transactions. Fair expressed same concern that the HRA is currently operating on three members only. Frie askd what other carnmunities to da in terms of these two organizations and their structures. Koropchak stated that it varies. Koropchak stated that the Council needs to be updated with the information from the meeting. Mayer stated that the meeting was just to see if the merger was feasible. Fair Hated with that with bonding and taxing, he doesn't know that the City would want non-residents on that group, although that will be up to the Council. Barger asked how much the merger will cast the City in terms of legal fees. Koropchak reported that Bubul had estimated between $3000 and $5000.. Koropchak stated that she wasn't sure Bubul knows how much 6 the HRA owns. Korapchak also explained that there are a number of administrative items that will need to be changed. Barger asked if everything needs to be modified. Fair answered that Bubul had stated that everything gets transferred to the new entity. Where there are mortgages, those would need to be amended and properties would need to be deeded over. Fair noted that the HRA has the lease agreement and bonds on the Community Center; the City is leasing from the RHA. 10. Next Meeting Barger recommended cancelling the July 4th meeting unless something comes up. Koropchak stated that 72 hours would be needed for notice of meeting. The Commissioners agreed. 11. Adjournment. MOTION BY COMMISSIONER BARGER TO ADJOURN. MOTION SECONDED BY COMMISSIONER FRIE. MOTION CARRIED, 3-0. • 7 HRA Agenda - 08/01/07 5. Consideration to review the new ci bud et worksheets and acre t the 2008 HRA Preiiminar Bud et. A. Reference and, background: The City Finance Department revised the budget worksheets for staff members to complete far their individual departments. I believe the new worksheets were designed based on suggestions in accordance of the general accepted accounting principles (GAAP), the Governmental Accounting Standards Board (GASB), and as a guide for long term planning of the city. A blank copy of the worksheets is attached. The HRA worksheets were completed by the Executive Director and returned to Paula Mastey, Senior Accountant, prior to the deadline date of July 18. Paula is on vacation until Manday, July 30, so I'm unable to attach the completed copies in the agenda packet. Copies with be distributed at the meeting for your review, potential amendment and acceptance. B. Alternative Action: 1. A motion to accept the 2008 Preliminary Budget Worksheets for the HIZA. 2. A motion to not accept the 2008 Preliminary Budget Worksheets for the HRA. 3. A motion of other. 4. No motion required. C. Recommendation. I encourage your comments and questions. Given the HRA did not have a meeting in July, no discussions were exchanged among the commissioners relative to possible HRA objectives. Combine this with the unknown of a potential merger between the EDA/HRA, no recommendation is given. D. Supporting Data: Blank copies of worksheets. • 1~~1~ ~~. c~! 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Reference and background: In mid-July, Council member Wojchouski e-mailed the attached information to the City Administrator regarding the sale of the property located at the northeast corner of Pine and Third Street. According to the Chamber office, the property has been unoccupied for some time and the asking price is $549,000. 'The building previously was occupied and operated as the AV Video Store. The AV site directly adjoins the easterly properties owned by the City (parking lot and Deputy Registrar/Food Shelf building). Purchase of the site would mean the HRA/City would own the entire southerly one-half of Block 34. Block 34 lies within the targeted downtown area for future redevelopment and building is unoccupied (no relocation costs.) Wolfsteller notes this building could be a temporary home far the Deputy Registrar. The following analysis was previously used by the HRA to determine an offer price for the Froslie and Springborg properties: AV site is .25 acres or 10,890 sq. ft. times $13.31 per sq ft = $144,945. HRA raised the price by 1 S% to $15.3065 per sq ft = $166,688. Highest price offered by HRA was $17.50 per sq ft = $190,575. The HRA purchased the Cedar Garden Street Center for $9.22 per sq ft. (1.12 acres - $450,000.) Another question is "Where does the dollars come from for the HRA to purchase?" At the last seminar I attended which was presented by the State Auditor's Office, I got the message they are concerned about large amounts of unspent tax increment in older districts. This coincides with Attorney Bubul's suggestion to spend some of the money in our older districts. However, if the City is looking for a new home for the Deputy Registrar, perhaps this should be a Council item. Here is a summary of the balance of three pre-1989 redevelopment districts per the 2006 TIF Reports and estimates of projected tax increment over the life duration of those districts. However, this does not include the HRA General Fund of which the annual debt service payments for the Otter Creek Crossings property are made. HRA Agenda - 08/01/07 District 2006 balance bond debt years estimated future remaining tax increment District 1-2 (Metcalf/Carson) $ 28,11 S 2007 12/2010 $133,500 District 1-S (Construction S) $b01,077 retired 12/2012 $300,000 ($150, DOD) after purchase of Cedar Garden in 2007 District 1-6 (Raindance) $173,000 retired 12/2013 $234,500 Please discuss for consideration to purchase. B. Alternative Action: 1. A motion to make an offer in the amount of property located at the northeast corner of Pine and Third Street. 2. A motion of no interest to make an offer ar purchase. 3. A recommendation for the City Council to consider purchase. '~ 4. A motion to table any action. C. Recommendation: for the The Executive Director and Wolfsteller agree with Attorney Bubul that the commissioners should consider means to spend the tax increment from the alder redevelopment districts rather than return the excess tax increment to the county. Does the HRA want to target ablock/area or use the approach when properties become available? I did talk to Shingobee (Greg Hayes) and said Steve Johnson was not returning his calls regarding potential to redevelop a portion of Block S2. I may try to call Van Heel to see where their proposed project lies on the old Theater block. Remember if the HRA/City had a plan we could apply far State funds. The Mayor had suggested financing via a method of shareholders. The difficulty of having multi- owners is when you get right down to it, no one wants to sign a guarantee. D. Sunnarting Data: Copy of email from Susie, map, and tax information. LJ 2 Page 1 of 1 Ollie Koropchak ___~._._..~~__.~.___..._._.__..._....._______.~_...~_._.~...__..___.__..~._~_..~._~...~_m.__._...~. From: Jeff O'Neill Sent: Thursday, July 19, 2007 11:31 AM Td; 'Monticello Chamber' Cc: Ollie Koropchak Subject: RE: Susie Wojchouski Susie Due to the fact the City already owns a big part ofthe Cit /HRA .wl do not know f the pr ce is~easonable but Ithis is a parcel that should be of significant interest to Y think it is worth looking into. I will forward your note to Ollie. Thanks. Jeff O'Neill City Administrator City of Monticello 763-271-3215 From: Monticello Chamber [mailto:info@monticellacci.com] Sent: Thursday, July 19, 2007 11:11 AM To: Jeff O'Neill Subject: Susie Wojchouski Jeff -Just called AV room owners, and they ar nto litngthe AV roomgis a good pr c'eh law shh therChamber tcauldif Carribeau paid $660 and had to put 1.2 million i afford to purchase it, but it is just a bit too much for us to handle. Any ideas? Sz. C7 ., ~, n in nn^~ Wright County -Property Information Results -Parcel Data Page 1 of 1 Property Information The property information database is updated daily. Last updated: 7/26/2007 ~ ~ ~ ~ Parcel Data Property ID: 155-010-034010 Property Address: Owner Name: JAMES B & CHERYL A WOLFF Lot: 001 Section: 11 131ock: 034 Township: 121 Range: 025 Deeded Acre: 0 Legal Description: N/A Tax Year: 2007 Municipality: CITY OF MONTICELLO School Dist : 0882- SD 0882 MONTICELLO Taxpayer Name & Address: JAMES B & CHERYL A WOLFF PO BOX 664 BUFFALO MN 55313-0664 Plat Name: ORIGINAL PLAT _ppraisal :: Sales. Detail :: View New Search :: Parcel Data :: Tax__Sum_ mart' :: Tax Statement :: Ass_essin_ent :: A ---.. Map 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. Copyright ©2003 Wight County C. Wright County -Property Information Results -Sales Detail Page 1 of 1 Property Information The property information database is updated daily. Last updated: 7/26/2007 Sales Detail Property ID: 155-010-034010 Taac Year: 2007 Seller Sale Date Qual Multi-Parcel Sale Price Adj Sale Price Suyer 4/21/2005 U No 145,000 145,000 WOLFF JAMES US BANK NA New Search :: Parcel Data :: Tax.._Summary :: Tax Statement :. ASSessment :: Appraisal :: Sales Detail :: View ... _. M 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 nat responsible for misuse or misinterpretations. Copyright ~ ?003 Writ County • Wright County -Property Information Results -Tax Summary Page 1 of 1 :.. - _- , Property Information The property information database is updated daily. Last updated: 7/26/2007 ^ ~ Tax Summary ' ' ' Property ID: 155-010-034010 Tax Year: 2007 ', • New Search :: Parcel Data :: Tax Summary :: Tax.Statemertt :: Assessment :: Appraisal :: Sales _ _ - Detail :: View,_Map 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. C.'upyright ~ 2003 W~i~ht Chanty * 7'he Total Amount Unpaid does not include late payment penalties. If you arc paying after the due date, ca11763-682-7572 or 7b3-682-7573 to acquire the total. amount due. Late payments received without the penalty will be first applied to the penalty owed, leaving a tax amount due. Wright County -Property Information Results -Assessment Summary Page 1 of 1 YItFi~^ Property Information The property information database is updated daily. Last updated: 7/26/2007 ~ ~ ASS~CSSfllfwflf ~ ~ ~ ~ Property lD: 155-010-034010 Tax Year: 2007 • Values 1 [ Estimated Land Market $7,200 Estimated Building Market gg,500 Estimated Machinery Market 0 Excluded Market 0 "Total Estimated Market 185,700 Land Limited 0 Building Limited 0 Total Limited 0 Property Type COMM LAND & BLDGS Homestead Status NON- HOMESTEAD Exempt Status Not Exempt New Search :: Parcel Data :: Tax Summary :: Tax,.Staternent :: Assessment :: Ap~ra_sal :: Sales„Detail :: View .. _ Map As a public service Wright County is providing access to information maintained by Wright County for individual parcels of property. This information is to be used for reference purposes only. Although reasonable efforts are taken to publish the mast current property information, Wright County does oat guarantee accuracy of the material contained herein and is not responsible for misuse or misinterpretations. Copyright ~ 20(13 Wright County • 7. Consideration to authorize a ment of HRA bills. Recommendation to authorize payment. HRA Agenda - 0$/01/07 Kennedy & Graven, Chartered i 200 South Sixth Street Suite 470 Minneapolis, MN 55402 (612) 337-9300 41-1225694 July 16, 2007 Invoice # 78105 City of Monticello Accounts Payable 505 Walnut Street, Suite 1 Monticello, MN 55362 MN190-00101 General HRA Matters Through June 30, 2007 Hours Amount For All Legal Services As Follows: 0.50 97.50 6/4/2007 SJB Conference with M Manderschied regarding HRA commissioner recognition; email to O. Koropchak regarding same 6/4/2007 MJM retiring omm'ssion members c onfeeence with S Bubul 1.40 231.00 on same matter Total Services : $ 328.50 Total Services and ~isbursements:$ 328.50 ~~ ~o~~~. JUL 1 8 2007 • CITY OF MONTICELLO C)K TQ PAY? o Code: ~ ~ o ~ ~ `3 0 ~ a Initial: I~ ~ ~ g ~ o ~l Page: 2 • Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello June 30, 2007 ~ ~~~ MN190-00125 Economic Development TIF (Walker pesign) Through June 30, 2007 Hours Amount For All Legal Services As Follows: 0 60 99 00 6/20/2007 MNI Review and finalize execution copy of WRE contract; email to J Pearson regarding closing an Walker conveyance. 6/21/2007 NKE Review file with J Pearson 0.25 28'75 6!2112007 JMP Review file; email M. Ingram. 0.30 34.50 • 6/27/2007 JMP Review revised agreement. 0.80 92.00 Total Services : $ 254.25 Total Services and Disbursements:$ 254.25 • lu ul ~u~ i a zoa~ CITY OF MOIVTICELLO OK TOPAY'?a-~'= Code:'~~~;~4~c a1 ~ ~©~ ~C~c~ ®.9.-~.. ~ ~ 3 ~ Initial: n ~1~ -~ ~ Page: 3 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello June 30, 2007 MN190-00130 EDA and HRA Consolidation Through June 30, 2007 Hours Amount For All Legal Services As Follows: 2.00 390.00 6/612007 5JB representatives ega dings onsolidationHRA/EDA $ 390.00 Total Services Total Services and Disbursements:$ 390.00 ~ n 0~ Y~ O ~~ ~~ Oll~~ ~ ~ 0 ~I [~ ode. D ~ JUL 1 s zoos lniti~~: c~TY a~ ~~o~T~cE~~o Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 (6121 337-9300 Tax ID No. 41-1225694 June 20, 2007 City of Monticello Accounts Payable 505 Walnut Street, Suite 1 Monticello, MN 55362 Through Mav 31.2007 MN190-00101 General HRA Matters 277.71 MN190-00125 economic Development TIP (Walker Design) 757.25 MN190-00130 EDA and HRA Consolidation ~-n~- ~ 48.75 Total Current Billing: 1,083.71 I declare, under penalty of law, that this account, claim or demand is just and correct and that n rt of it has b en p d. Signature of Claimant OK TO PA ? Code: Initial: ~,s~ ~w ~ ~~~ Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 JUN ~ ~ """`7 Minneapolis, MN 55402 (612) 337-9300 C~ 1 1 ~~ Ivt4~NT~~~LI~ 41-1225694 -°- • ° June 20, 2007 ~j Q Invoice # 77666 ` • ~,~, City of Monticello ~ ~~ Accounts Payable ~' 505 Walnut Street, Suite 1 Monticello, MN 55362 MN190-00101 General HRA Matters Through May 31, 2007 For All Legal Services As Follows: Hours Amount 5/9/2007 SJB Email from/to O Koropchak regarding Garden Genter 0.40 78.00 acquisition, TIF loan 5/10/2007 SJB Email to/from M Ruff regarding pooling rules; research 0.60 117.00 same 5/16/2007 SJB Email to/from O Koropchalk regarding EDA enabling 0.40 78.00 resolution; emails regarding Garden Genter acquisition Total Services : $ 273.00 For All Disbursements As Follows: Photocopies 3.60 Postage 1.11 Total Disbursements: $ 4.71 Total Services and Disbursements:$ 277.71 • oK To PAY? Code: '~-~ r3 . ~ ~~~~ i . '~ ~ ~',~ Ini~~i31: ~-~ _a Page: 2 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello May 31, 2007 MN190-00125 Economic Development TIF (Walker Design) Through May 31, 2007 Hours Amount For All Legal Services As Follows: 0.20 23.00 5/1/2007 CBR Review file 1.95 224.25 5/2/2007 JMP Review file with C. Rocklitz; review contract. 0.25 28.75 5/3/2007 NKE Review file with J. Pearson 0.25 28.75 5/3/2007 JMP Review file with N. England. 5/7/2007 JMP Review agreement; draft quit claim deed,assessment 2.50 287.50 agreement, and CRV; telephone call with Ollie @ HRA; telephone call to B. Walker. 49.50 5/8/2007 MNI fohlow-up with J Pearson elgarding the workus of contract; 0.30 5/19/2007 MNI Follow-up email to Ollie regarding status of development 0.20 33.00 agreement. 0.50 82.50 5/23/2007 MNI Phone call to Ollie regarding status of execution of development agreement and closing on conveyance to Walker; revise contract per Ollie comments. Total Services : $ 757.25 Total Services and Disbursements:$ 757.25 qK T4 PAY? Code: ~~~' c U.~-e., Page: 3 Kennedy ~ Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello May 31, 2007 MN190-00130 BDA and HRA Consolidation Through May 31, 2007 For All Legal Services As Follows: Hours 5/29/2007 SJB Review HRA/EDA bylaws 0,25 Total Services : $ Total Services and pisbursements:$ • OK TQ PAY? Cade: I'~~~i~~:.___ Amount 48.75 4$.75 48.75 Kennedy 8~ Graven, Chartered • 200 Sauth Sixth Street Suite 470 Minneapolis, MN 55402 (612) 337-9300 TaxID No.41-1225694 May 30, 2006 City of Monticello Accounts Payable 505 Walnut Street, Suite 1 Monticello, MN 55362 7hrouah April 30. 2006 1, 058.50 MN190-00101 General HRA Matters 240.09 MN190-00121 Economic Development TIF (Dahlheimer Distributing) ~ cam}, ; ~ -Q ~,..~g" 5, 951.00 MN190-00123 Economic Development T1F I-37 (Karlsburger Foads) ~~~ 1, 508.00 MN190-00124 Park Acquisition Financing 48.00 MN190-00125 Economic Development TIF (Walker Design) Total Current Billing: 8,805.59 I declare, under penalty of law, that this account, claim or demand is just and correct and that no part of it has been paid. Signature of Claimant ~~ ~ u u JUN - 7 2001 v CITY OF MONTICELLO Page: 2 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello April 30, 2006 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 (612) 337-9300 41-1225694 May 30, 2006 Inwice # 76655 City of Monticello Accounts Payable 505 Walnut Street, Suite 1 Monticello, MN 55362 C: • C7 City of Monticello April 30, 2006 M N 190-00101 Page: 3 Kennedy & Graven, Chartered , 200 South Sixth Street Suite 470 O` ~ Minneapolis, MN 55402 \~ . General HRA Matters r ~~~ ~ ,~ ~~ S' Through April 30, 2006 Hours Amount For All Legal Seruces As Follows: MNI Re~+ew schedule of e~ent5 and resolutions for 0.30 48.00 3/14/2006 modifications of TIF districts. 3/15/2006 5JB licies Reuew subsidy po 0.50 95.00 00 16 3/15/2006 MNI ReNew of Ehlers correspandenc~igar~~d~~io~fa 1 6 '~~ ~J y a 0 . - . TIF Dist. , 3/15!2006 MNI Voicemail to Nikki Shannon regarding TIF District 1-2 and n ~ 0.10 ` ~"d' ~ ~ y ~ ~ ~ y 3a~ •, ,~a~-tF~ d~ _'L-24 resalutio , req~~lA9 ~~~n~ 4/5/2006 MNI Retiew Walker In-Store previous work far record of any 0.10 16.00 development agreement. 4/6/2006 SJB Emails to/from O. Koropchak re: business subsidy policy 0.20 38.00 change 4/11/2006 SJB Email to/from O. Koropchak re: proposed 0.30 57.00 repairs/warehouse business 4/11/2006 SJB Email tolfram O. Koropchak re: proposed user of industrial 0.30 57.00 park (computer servicelrepair) 4/1212006 5JB Meet with Ehlers, City staff re: Otter Creek financing; 3.75 712.50 accounting issues Total Services For All Disbursements As Follows: Fax Total Disbursements: 'total Services and Disbursements: $ $ 1,055.50 3.00 $ 3.00 1,058.50 • ~1 Page: 4 Kennedy & Graven Chartered City of Monticello ~ ~~ `\~ ©~ ~ G ~ April 30, 2006 ~~ ~~ ~{ ~ ~ ~r MN190-00121 Economic Development TIF (Dahlheimer Distributing) 200 South Sixth Street .ry,,~ ~ Suite 470 Minneapolis, MN 55402 t _ ~ ~L,~ Through April 3p, 2006 For All Legal Services As Follows: Wours Amount 2!8/2006 NKE Emait with O. Koropchak re recorded documents; search 0.50 55.00 Wright County website; phone call to title company 2/9/2006 NKE Obtain recorded documents from title company; email to 1.p0 110.00 O. Koropchak; prepare certificate of completion 2/23/2006 NKE Email O. Koropchak with expiration date of easement 0.25 27.50 Total Services : $ 192.50 For All Disbursements As Follows Photocopies 1.20 Postage 0.39 3/23/2006 Wright County Recorder, Recording Fee 46.00 Total Disbursements: $ 47.59 Total Services and Disbursements: $ 240.09 ~1~ ~O Page: 5 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 ~`'p "~© City of Monticello Q , ~-, ~ ~o~ ~ t--` --~~ ~`" D LLB L' A ril 30, 2006 ~ ~ ~ ~~ P ~ "~ MN190-00123 Economic Development TIF I-37 (Karlsburger Foods) Through April 30, 2006 Hours Amount For All Legal Services As Follows: 2/20/2006 SJB Emails from O. Koropchak re: new land sale; check on 0.20 38.00 status on access 2/21/2006 SJB Phone call with O. Koropchak re: new T1F 0.50 95.00 District/Karlsburger 2!22/2006 SJB Review Ehlers schedule; conference with M Ingram re: 0.30 57.00 Plan 2/22/2006 MNI Review of Monticello 11F dist modification documents. 1.50 240.00 2/23/2006 MNI Begin drafting business subsidy agreement for 1.00 160.00 Karlsburger. 2/24/2006 MNI Phone call to Nikki Shannon at Ehlers re. resolutions. 0.20 32.00 2/24/2006 MNI Review of business points and Dahlheimer file -email to S 1.00 160.00 Bubul re. next steps. 2/24/2006 MNI Conference re. Monticello TIF District. 0.30 48.00 2/24/2006 MNI Voicemail to Ollie Koropchak re. public hearing on land 0.10 16.00 sale. 2/27/2006 MN- Consultation w! S Bubul re. land sale; phone call to Ollie 0.50 80.00 K. re. same. 2/27/2006 MNI Document review. 1.40 224.00 2/28/2006 SJB Emails with 0. Koropchak; phone call with same re: 0.60 114.00 status, terms, grading 3/1/2006 MNI Call to Nikki Shannon re. public hearing notices. 0.10 16.00 3/2/2006 SJB Emails to and from Koropchak et al re: terms; phone call 0.75 142.50 with Koropchak re: same; research term of rand easement 3/3/2006 MNI Review contract points, draft CPD. 0.40 64.00 . 3/3/2006 MNI Draft CPD. 1.00 160.00 3/3/2006 MNI Draft notice of public hearing for land sale, business 0.50 80.00 Page: 6 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello April 30, 2006 subsidy. 3/6/2006 MNI Draft CPD. 1.00 160.00 3/6/2006 MNI Revise notice and send to Nikki Shannon at Ehlers. 0.40 64.00 3/7/2006 SJB Emails with Ehlers re: resolutions 0.25 47.50 3/7/2006 MNI Draft CPD. 1.00 160.00 3/7/2006 MNI Renewing schedule and resolutions for Karlsburger, 0.30 48.00 3/8/2006 MNI Review resolutions sent by Ehlers, finalize CPD. 1.40 224.00 3/8/2006 MNI Resolutions. 0.70 112.00 3/9/2006 SJB Phone call with O. Koropchak 0.50 95.00 3/10/2006 MNI Revision of HRA resolution approving purchase and 0.40 64.00 redevelopment contract and business subsidy, and city council resolutions approving land sale and business subsidy. 3/21/2006 MNI Revisions to Karislburger purchase and redevelopment 0.40 64.00 contract. 3/22/2006 SJB Conference with M Ingram re: easement questions 0.25 47.50 3/22/2006 MNI Revise purchase and redevelopment contract. 1.00 160.00 3/22/2006 MNI Voicemail to Todd Hagen conceming assessed value of 0.10 16.00 improvements for assessment agreement. 3/22/2006 MNI Voicemail to Rick Wolfsteller conceming developer 0.10 16.00 contact information, status of ponding easement 3/22/2006 MNI Voicemail to Bret Weiss conceming general grading 0.10 16.00 (definition for purposes of contract) and facts for ponding easement/contract. 3/22!2006 MNI Call from Angela with city of Monticello. Gave contact info 0.10 16.00 for Michael Maher of Karlsburger, also informed me that plat shows an easement so no need far separate easement agreement. 3/22/2006 MNI Consultation with B Johnson regarding easement for 0.20 32.00 Karlsburger contract. Page: 7 Kennedy ~ Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello April 30, 2006 3/23/2006 SJB Conference with M Ingram re: contract; easement 0.75 142.50 3/23/2006 MNI Phone call from Todd Hagen at Ehlers regarding minimum 0.10 16.00 assessed glue 3/23/2006 MNI Finalize contract. 1.50 240.00 3/23/2006 MNI Voicemail to Shabani at WSB regarding her message to 0.10 1B.D0 me to clarify additional pond easement questions. 3/23/2006 MNI Conversation with Shibani at WSB regarding general 0.2p 32.00 grading and easement issues. She suggested definition substantially the Same as Dahlheimer contract, clarified • that city has maintenance responsibility for pond. 3/23/2006 MNI Call to Todd Hagen verifying assessed value as $1 million. 0.10 16.00 3/24/2006 SJB Conference with Ehlers, City re: revised hearing schedule 0.50 95.00 for subsidy 3/24/2006 MNI Call to Nikki at Ehlers regarding notice of public hearing 0.10 16.00 (HRA) and possibility of special meeting. 3/24/2006 MNI Call to Rick Wolfsteller at City regarding possibility of 0.10 16.00 changing public hearing to April 12 (special meeting of HRA) due to failure to publish hearing notice. 3/24/2006 MNI Review of revised public hearing notice; email outlining 0.40 64.00 change to all parties; revision of resolutions. 3/24/2006 MNI Review TIF Plan for Dist. 1-37. 0.90 144,00 3/24/2006 MNI Phone call to Nikki at Ehlers regarding language missing 0.10 16.00 from business subsidy portion of notice of public hearing. 3/24/2006 MNI Revise notice of public hearing to include required 0.20 32.00 business subsidy language. 3/27/2006 MNI Review TIF plan. 0.30 48.00 3/28/2006 MNI Review TIF plan for District 1-37, Karisburger. 1.50 24p.00 3/29/2006 MNI Call to Ollie at HRA -had several suggested changes to 0.40 64.00 Purchase and Redevelopment Contract, which I noted and will insert. Also discussed necessary resolutions far HRA meeting on the 12th. Page: 8 Kennedy ~ Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Mpnticello April 30, 2006 3/29/2006 MNI Finalize HRA resolutions and Send to Ollie. 0.50 80.00 3/29/2006 MNI Revisions to Contract as per Ollie's suggested changes. 0.80 128.p0 4/5/2006 MNI Email to Nikki regarding business subsidy meeting. 0.10 16.00 4/5/2006 MNI Review letter from Todd Hagen containing Distract 1-37 0.1Q 16.00 map. 4/5/2006 MNI Phone call to Ollie regarding Karisburger (acreage of land 0.20 32.00 sold to developer will decrease somewhat because size of drainage easement has increased). 4/5/2006 MNI Clarification email to Nikki at Ehlers regarding business 0.10 16.00 subsidy resolutions -both HRA and city must approve, and both resolutions have been dratted. 4/6!2006 SJB Conference with M Ingram, O. Koropchak re: easement 0.75 142.50 area, revised price, effect on contract 4/6/2006 MNI Finalize second drag of contract, including updated 1.00 160.00 acreage of conveyance and easement, and send to Ollie and Karisburger. 4/13/2006 SJB Conference with M Ingram re: contract 0.30 57.00 4/13/2006 MNI Revisions to Karisburger contract as per email from Ollie. 1.30 208.00 4/13/2006 MNI Phone call to Ollie K. regarding status of plat. County is 0.10 16.00 still reviewing so WSB does not want to release it yet, in case there are changes. Will call Steven Ische regarding schedule fiar recording. Also discussed need fnr Mike Maher to inwlve his attorney as we proceed to closing. 4/13/2006 MNI Call to Steven Ische at WSB regarding status of plat. 0.10 16.00 4/17/2006 SJB Review TIF resolution 0.50 95.00 4/17/2006 MNI Review of City Council resolution establishing TIF District 1.50 240.00 1-37; revisions to findings and Walser analysis. 4/18/2006 SJB Conference with M Ingram re: City resolution 0.25 47.50 4/18/2006 MNI Revise City Council resolution adopting TIF Plan as per 0.40 64.00 comments by 5 Bubul. 4/18/2006 MNI Email to Nikki, Ollie with revised resolution and suggested 0.30 48.00 Page: 9 Kennedy 8~ Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello April 30, 2006 change to TIF summary. 4/20/2006 SJB Emails to/from O. Karopchak re: grading cost 0.25 47.50 4/24/2006 MNI Review TIF Plan for Dist. 1-37. 0.70 112.00 4/26/2006 SJB Dmails re: CPD 0.25 47.50 4/26/2006 MNI Email reply to Ollie's update on Karlsburger: Verify closing 0.60 96.00 date, grading costs. Total Services : $ 5,951.00 Total Services and Disburseme nts: $ 5,951.00 Page: 10 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402~-7 City of Monticello ( ~ April 30, 2006 MN190-00124 Park Acquisition Financing Through April 30, 2006 For All Legal Services As Follows: Hours Amount 4/10/2006 SJB Phone call with 7. Hagen re: park acquisition financing 0.30 57.00 options 4/11/2006 SJB Begin resolution on financing; conference with M Ingram 0.50 95.00 re: research needs 4/13/2006 MNI Research possibility of assessing all residents of City to 0.80 128.00 r~ partially finance acquisition of park land under theory that park benefits everyone. 4/14/2006 MNI Research on assessment for park acquisition purposes. 0.50 80.00 4/18/2006 MNI Research into general assessment for park acquisition. 1.00 160.00 4/19/2006 SJB Phone call with S. Kvilvang re: LOI; find model 0.50 95.00 4/24/2006 SJB Draft LOI; phone call with S. Kvil~ang re: same 1.00 190.00 4/25/2006 SJB Emails re: LOI, retise same 0.50 95.00 4/25/2006 MNI Research on use of special assessments for park 0.50 80.00 acquisition. 4/27/2006 MNI Research on assessments far park acquisition. 0.70 112.00 4/28/2006 MNI Draft memo regarding use afspecial assessments for 1.30 208.00 park acquisition; Westlaw case law research. 4/28/2006 MNI Library research (Dunnell) for Minnesota case law on 0.40 64.00 assessment proceedings. 4/30/2006 MNI Draft park acquisition memo. 0.90 144.00 Total Services: $ 1,508.00 Total Services and Disbursements: $ 1,508.00 • Page: 11 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 ~ ~ U ~~ Minneapolis, MN 55402 ~ ~ J City of Monticello April 30, 2006 MN190-00125 Economic Development T1F (Walker Design) Through April 30, 2006 ~~~ ._°~ ~ ~,~ . _ 1 ~a~- Far All Legal Services As Follows: Hours Amount 4/24/2006 MNI Call to Ollie regarding comments on PDA with Walker. 0.10 16.00 4/26/2006 MNI Request to Ollie for form PDA to be sent to Walker 0.20 32.00 attorney, Steve Thorson; email document to Mr. Thorson. Total Services : $ 48.00 Total Services and Disbursements: $ 48.00 • V ~ u ~ ~ 3 2an~ CITY (~F MONTICELLO INVOICE LARRY A LINGER WRIGHT COUNTY RECORDER BARB GABRELCIK (INVOICE/ESCROW) GHT COUNTY GOVERNMENT CENTER 10 2ND STREET NW RM 210 BUFFALO, MN 55313-17.96 763-682-7357 CITY OF MONTICELLO ATTN: ACCTS PAYABLE 505 WALNUT ST #1 MONTICELLO, MN 55352 Invoice #: 1200700000135 Issued Date: JUN 29, 2007 Account #: 154 Document #:A-7.05$120_ Orig. Date: 6 29 2007 Instrument: ~ CERTIFICATE OF COMPLETT Services: COMPLIANCE FUND 11.00 STATE GENERAL FUND 10.50 TECHNOLOGY FUND ].0.00 GENERAL ABSTRACT 14.50 Transaction Total ............... 46.00 Tatal Amaunt Charged this Invoice 46.OQ ~ ~~~~,~. ~~ ~~ ~~ \~ W ~~~ o~ 3' ~'~ • PAYMENT IS DUE UPON RECEIFT; PLEASE INCLUDE INVOICE # AND SEND ATTN: BARS. THANK YOU, WRIGHT COUNTY RECORDER HRA Agenda - 08/Q1/07 $. HRA Executive Director's re ort. A. TIF Pay-As-You-Go semi-annual payments to developers were calculated and will be mailed as per the Contract date of August 1 and February 1 of each year. (See Exhibit A.) B. Two Economic TIF Districts (No. 1-23 [Allied Prl pdecertifi ations bB the HRA i December12006 prior to the maximum life duration of the distract (ear y ) since the debt service was paid-off and the qualto reimburse the County Auditorun theeamount of the to the Finance Department far issuance of checks excess tax increment ($78,602 and $14,682, respectively) of each district was made and have been mailed to the County along with the Confirmation of Decertified TIF District form. Once confirmed by the County, these forms will be submitted to the State Auditor. (See Exhibit B.) C. The EDA has a loan application from Washburn Computer Group associated with the planned 30,000 sq ft. expansion to their building along Chelsea Road. They were willing to use the payback funds from TCDC (Federal dollars). However and given the application was submitted after they purchased and moved to Monticello, only the jobs created by the expansion can be counted. The benefit of the lower interest rate for the size of the loan doesn't appear to make economical sense to ._ utilize Federal funds due to the added costs to the business associated with meeting the requirements of the Davis Bacon Act. However, this is their choice. As an alternate, the regular GMEF would be applied. A welcome tour was conducted of the Washburn facility in late June with no council members or Chamber representation in attendance. (Gary and I attended from the city.) D. The balloon payment from the MIF-Federal grant/loan to Twin City Die Castings (TCDC) was paid-off by TCDC in June 2007. The balance of those funds available for use by the EDA is approximately $595,000 and the repayment funds are subject to HUD regulations/guidelines upon the first reuse only. E. The 2006 Tax Increment Financing District Reports were prepared this year by Paul Massey, Senior Accountant, with the assistance of the HRA Executive Director. The Ehlers' Quick TIF program was not used this year as the Office of thof the StatelAuditor.r Theslnt rchange and e forms. The reports are due August 1, 2007, to the Office Dahlheimer Districts will be adjusted in the 2007 reports pending the documentation of eligible expenditures associated with the $8.5 million Pledge Agreement between the City and HRA and documentation of the infrastructure improvement costs associated with Otter Creek Crossings, respectively. A copy will be available at the HRA. meeting or my door is open at any time for review. F. In review of the 2007 TIF Parcel Modeler provided by the County, the HRA Executive Director noted the parcels included in the Interchange TIF District were certified incorrectly. A letter has been • 1 HRA Agenda - 08/01/07 prepared and mailed to the County Auditor requesting reduction in the number of parcels within this district for payable 2008. (See Exhibit C.) G. The HRA closed on the Cedar Street Garden Center the end of June and the tax exempt farm was delivered to the Assessor's Office. However and since the property will be occupied through the end of 2007, the tax exemption will not be effective July 1, 2007. In other words, the HRA will pay taxes in 2008. H. Ehlers & Associates were authorized to certify TIF District No. 1-38 for Walker In-Store after execution of the Purchase and Redevelopment Contract and receipt of the $10,000 earnest money. Per the Contract, the closing and conveyance documents have been prepared and executed by the HRA Vice Chair and Executive Director and closing is scheduled for July 31, 2007, 2:00 p.m. at a title company in Coon Rapids. The Assessment Agreement was reviewed and executed by the County Assessor. The commitment letter from the lender for construction and permanent financing and TIF "but far" documentation was submitted. Building permit application and plans were submitted to the Community Development Department on July 13. Fer the contract, they must begin construction of the minimum improvements within 30 days of closing. I. These are the business retention and expansion visits made within the last month: Twin City Die Castings, UMC, Suburban Manufacturing, and Washburn Computer Group. J. The four appointed individuals on the HRA/EDA merger task force are scheduled to meet at 5:00 p.m. prior the HRA meeting of August 1. K. Fiber Optics - At the Council meeting of July 23, the council members unanimously approved to proceed with a referendum ballot to construct, purchase or proceed to acquire a telephone exchange. The referendum must be approved by 65% of those who cast a ballot at the special election on Tuesday, September 18, at the Community Center gymnasium, 7:00 a.m. to 8:00 p.m. L. The Marketing Group met with Rusty Fifield, Camp Plan Update consultant; Jeff O'Neill; and Angela Schumann on July 23. The group presented their prepared bio-science/high tech vision/plan and discussed how their vision/plan fits into the Comp Plan. Mr. Fifield presented his input and recommendation and in conclusion, he will draft a specific chapter on Economic Development. With the re-zone of the 60+ acres of I-lA property to B-4 along East Chelsea Road, about 53 acres of I- 1 Aland is currently available in Monticello. See Exhibit D. Paul Kleinwachter, Jeff O'Neill, and myself met with the Economic Development Director of Eden Prairie. Interestingly, some four farmers several years ago had a vision for Eden Prairie which resulted in their Comp Plan. The Comp Plan has only been "tweaked a little" over the years. Eden Prairie does 2 HRA Agenda - 0$/01/07 not prepare brochures, etc. far marketing land or promoting the city, the city does not offer incentives, and views "aesthetics" as a long term investment. With its location within the metro and quality of life (image, parks, and schools), the community sells itself and has attracted high tech and bio science industries. They have a "Meet & Greet" program in which the Mayor, City Manager, and Economic Development Director meet with businesses. They have visited 180 businesses and he stated "businesses do not like surprises." With the idea to explore the potential of an educational training facility or campus in Monticello, I've talked with the following individuals who have agreed and are interested in exploring this avenue: Jim Johnson, Supt. of Schools; Amy Koch, Local Senator, Barry Kirchoff, MN Small Business Development Center. My plan is to visit the Anoka-Ramsey Community College in Coon Rapids and its Cambridge campus working with our contacts at Anoka-Ramsey who have expressed an interest in Monticello. Mr. Kirchoff is also interested in establishing a Business Development Center office in Monticello. I'm hoping the Mayor, O'Neill, a marketing group member, and industrial leader will join us. This is exploratory to see of interest and what steps need to be taken. M. The Marketing Committee extended its commencement date on the I-94 billboard to October 1 and it will run for a couple months and then, commencing in February 2008 it'll run for another couple months. The committee is looking to redesign the billboard and is waiting for the outcome of the referendum scheduled for September 18. N. Minnesota Competes - I attended a seminar in St. Cloud on July 25. Here is my brief summary of the round table discussion of approximately 160 people in attendance. How to compete with the China/India and how to stay competitive in a world of fast changes in technology? 1. Listen and be flexible. 2. Encourage local government to build on individual strengths or uniqueness. 3. State provide funds with limited (no) rules. O. I've been invited for lunch with 30 members of the Cargill family (spanning three generations) and asked to speak on Sunny Fresh's history as a corporate citizen in Monticello. I'm most honored to accept. .7 , ~ 17-1 CITY QF MONTICELLU "° 1 accouNrs r~A~rA~~ 5D5 WALNUT STREET • SUITE 1 MONTICELLO, MN 55362 763-295-2711 Nt()N't'(CELCD DATE CHECK NQ. 07/19/2007 89427 EIGHT THOUSAND STX HUNDRED THIRTY SEVEN AND 00/100 DOLLARS PAYTa BBF PROPERTIES aRO~H 19577 180TH AVE a~ BTG LAKE MN 55309 11'08' 4 ~ 711' ~:0 q 10000 1 ~1~: NO. 89427 WELLS FARGQ BANK MONTICFLLO, MINNESOTA 55282 • (767)'295~22'JO AMOUNT $8,637.00 76D 00 1 711' VENDOR 001295 BBF PROPERTIES 07/19/2007 CHECK 89427 ~"UND & ~,CCQUN"S~' P . O. # TNVQTCE DESCRZPTIgN AMOUNT 213.46522,5511 TIF 1-22 PAYBACK INSTALLMENT $,637.00 TOTAL • CITY aF MONTICELLO ~ NIONTICELLO. MN 55362 8,637.00 c~TV of nnoN~r~cE~~o ACCOUNTS PAYABLE 505 WALNUT STREET • SUITE 1 NIONTICELLO, MN 55362 763-295-2711 uorrricrt:r.o DATE CHECK NO. 07/19/2007 89436 FOUR THOUSAND THREE HUNDRED SIXTY EIGHT AND 00/100 DOLLARS pAYTO CEDRUS CREEK CRAFTSMAN, INC rHE ATTN: JOHN KONAREK OOFR 1.2420 ARMITAGE AVE NW MONTICELLO MN 55362 11'08943611' x:09 L0000 L91i: 17-1 910 gyp, 89436 WELLS FARGO BANK MONTICELCO, MINNESOTA 55362 • ;769) 295-229 AMOUNT $4,368.00 Lam`"" •'~~,,.,~~ •~y ...: 760 00 L 711' VENDOR 001114 CEDRUS CREEK CRAFTSMAN, INC 07/19/2007 CHECK 89436 ,FUND..& ACCOUNT F.O.# .INVOICE DESCRI~?TZQN AMOUNT 213.46520.6511 TIF 1-20 PAYBACK INSTALLMENT 4,368.00 • C, TOTAL CITY OF MONTICELLO • MO~iTICEl.L.O, MN 5536? 4,368.00 CITY QF M~NTICELL© ACCOUNTS PAYABLE 505 WALNUT STREET • SUITE 1 NO MONTICELLO, MN 553fi2 7fi3.29b-2711 hfUNTICHLIA7 DATE CHECK Nq. 07/19/2007 89455 THIRTEEN THOUSAND THREE HUNDRED FIFTY FIVE AND 00/100 DOLLARS PAY TO FIRST NAT' L BANK OF ELK RIVER ORDER ATTN KEVIN WEERS of 729 MAIN ST ELK RIVER MN 55330 II'089455n' ~:p91000019~: ,7.1 ~,o $9455 WALLS FARGO BANK AAON"PICF.LLO, MINNESOTA 5536? • (153) 295-22J7 AMQUNT $13,355.00 ,~~~•. _ .•f . ~ _ 7 6 0 0 0 ~, 7 II' VENDOR 002790 FIRST NAT'L BANK OF ELK RIVER 07/19/2007 CHECK 89455 FUND & ACCbUNT P.O.# INVOICE DESCRIPTION AMOUNT 21.3.46529 , 6511 TIE' 29 • PAYBACK INSTAI;LMEN 13,355.00 TOTAL 13,355.00 CITY OF MONTICELLO • MCNTIC(=LLO, MN 55382 CITY OF MONTICELLO ACCOUNTS PAYABLE 505 WALNUT STREET • SUITE 1 MC)NTICELLp, MN 553fi2 763-295-2711 A10NI'[CELLO GATE a7/19/zoo? FOUR THOUSAND FOUR HUNDRED THIRTY AND 00/100 DOLLARS PAYTQ INTEGRATED RECYCL TECH, INC. oR~~R C/O STEVE BUDD ow 9696 FALCON AVE NE MONTICELLO MN 55362 11'0894 7011' x:09 10000 19~: VENDOR 002091 INTEGRATED RECYCL TECH, INC. FUND & ACCOUNT P . 0 . #~ INVOICE 213.465z8.657~1 TIF 1-2 • 7-, 9~0 r~o. $9470 WELLS FARGO SANK MONTICELLO, MINNESOTA 56;182 • (?fi3) 7„g5-22J~ CHECK NO. AMOUNT $9470 54,430.00 ? 60 00 L 711' 07/19/2007 CHECK $9470 DESCRIPTION AMOUNT PAYBACK INSTALLMENT 4,430.Oq TOTAL 4,430.00 -.-. CITY OF MONTICELLO • MONTIGELLO MN 55352 r • ciTV of nnon~TrcE~~o ACCOUNTS PAYABLE 505 WALNUT STREET • SUITE i MONTICELLO, MN 55362 763-295-2711 MUIti't~ICEL1.0 DATE CHECK NO. n7/19/2007 89482 SEVEN THOUSAND FOUR HUNDRED NINETY AND 00/100 DOLLARS PA`(TO MASTER'S FIFTH AVENUE, TNC ORDER 2 04 LOCUST STR o~ SUITE 209 MONTICELLO MN 55362 17-1 91D gyp, 89482 WELLS FARGCI BANK ,4lCNfICELlO, MINNESCYA 55762 •;789) ^q5-?,•; gp AMOUNT $7,490.00 ~---. IIr08~i148CII" x:09 L0000 L9~: 760 00 ~- 711r VENDOR 002731 MASTER'S FIFTH AVENUE, INC 07/19/2007 CHECK 89482 FUND & ACCOUNT P:O:# INVOICE DESCRIPTION AMOUNT 21,3.45585.6511 TIF 22.5 PAYBACK INSTALLMENT 7,490.00 • • TOTAL CITY CF M(]NT'"CELLO • MCNT!CELLO. MN 55362 7,490.00 CITY OF MONTICELLCI ACCDUNTS PAYABLE 505 WALNUT STREET • SUITE i NO- MON1 ICELLO. MN 55362 763-295-2711 NON'CICELI.O BATE GHECK Nq. 07/19/2007 89508 FOURTEEN THOUSAND SEVEN HUNDRED FIFTY NINE AND 30/100 DOLLARS PAYTp PRESBYTERIAN HOMES HOUSING ORpER AND ASSISTED LIVING, INC or- 2545 HAMLINE AVE NO ROSEVILLE MN 55113 11'08 9 50811' ~:0 9 10000 L 9~: -, 916 89508 wel.I.s ~naco eaNK MONT'ICELLQ, MINNESOTA 55082 • pB0( 295'12 J6 AMOUNT $14,759.30 .., 760 00 L 711' VENDOR 001217 PRESBYTERIAN HOMES HOUSING 07/19/2007 CHECK 89508 FCIND &` .ACCOUNT P .0 . $~ .INVOICE T7ESCRIPTION AMOUNT 213.46519.6511 TIF 1-19 PAYBACK INSTALLMEN 14,759,30 TOTAL 14,759.30 CITY OF MONTiCELLO • MQ~f1'ICELLO MN 5:S3F1 I~-, CITY OF MOIVITICELLO 99d__. ACCOUNl"S PAYABLE 505 WALNUT Sl"F~E~7 ~ SUlTE t NO• 8 9 ~ ~ ~ MONTICELLd, MN 55362 763-255-271 t WELLS FARGO BANK MpNTICELLO, MINPIE507A 55362 • p63) 2~J5.2'19Q ~(pta~•1ccL).o DArE CHECK NO. AMOUNT 07/19/2007 89526 $21,056.00 TWENTY ONE THOUSAND FIFTY STX AND 00/100 DOLLARS ~AVro ST CLOUD HOSPITAL ORp~R C/0 ST BENEDICT'S CENTER aF 1810 MINNESOTA BLVD. SE ST CLOUD MN 56304--2416 f.. 11'089 5 2611' e:09 X0000 19~: 760 00 ~- 711' VENDOR 000411 ST CLOUD HOSPITAL 07/19/2007 CHECK 89526 FUND & ACCOUNT P.O;# INVOICE DESCRIPTION AMOUNT 213.46524.6511 TIF 1-24 PAYBACK INSTALLMEN 21,056.00 r~ ~~ TOTAL 21,056.00 CITY OE MONTICELLO • MONTiCELLO, MN 55362 ° CITY OF M~UNTICELL~D "" ACCOUNTS PAYABLE 505 WALNUT S7PEET • SUITS 1 NQ. 8 9 5 2 9 MONTICELLO, MN 55362 763-295-2711 WELLS FARGO BANK MONTICFLLO, MINMF.50~YA 55962 • p6:3~ 295-2290 pArE (;HECK NO. AMOUN 07/19/2007 89529 $9,829.79 NINE THOUSAND EIGHT HUNDRED TWENTY NINE AND 79/100 DOLLARS PAY TO TAPPER'S HOLDINGS LLC THtw ATTN: WILLIAM R TAPPER ~o~R 3935 WALDEN LANE WAYZATA MN 55391 II"089 5 2911' x.09 X0000 L9~. . ~,:. - ;;: - _..~__._.. •.r•• MY 760 00 i 711' VENDOR 003581 TAPPER'S HOLDINGS LLC 07/19/2007 CHECK 89529 FUND & ACCOUNT,. P.O.# INVOICE DESCRIPTION AMOUNT 213.46533.657.1. TTF 1-33 PAYBACK INSTALLMENT 9,829.79 TOTAL C~ r: 9,829.79 CITY CF MONT!CELLO • MCNTICELLC, MN 55362 17-1 CITY CF M®NTICELL!a 9t~ 1 ACCOUNTS PA`(ABLS 5p5 WALNUT STREET • SUITE 1 NQ $ 9 ~ 3 2 MONTICELLO, MN 55362 763-295-2711 WALLS FARGO BANK A71~lf [CE1.L0 MONTICELLp, MINNESOTA .557f>2 • (753) ?95-?2gp DATE CHECK Np. AMQUNT 07/19/2007 89532 $32,748.00 THIRTY TWO THOUSAND SEVEN HUNDRED FORTY EIGHT AND 00/100 DOLLARS pnrTO TERRANCE & MARY TOMANN FLP rM~ C/O UMC QOFp 4oz2 ToMAHAwK TRAIL MEDTNA MN 55340 11'08953 211' x:09 X0000 ~9~: 760 00 L 711' VENDOR 002658 TERRANCE & MARY TOMANN FLP 07/19/2007 CHECK 89532 FUND &. ACCOUNT, P.O.# INVOICE DESCRT~?TTQN AMOUNT 213.46531.6511 TIF 1-31 PAYBACK TNSTALLMEN 32,74$.00 TOTAL 32,74$.00 CITY CF MCNTIGELL.O + MCNTiCFL.L.,C, MN 55362 _ _ CITY OF M~~1TIC~LLC 1 AGG©UNTS PAYABLE 505 WALNUT" STREET • SUITE t MdNTICELLp, MN 55382 763-295-7711 MON"CICC•11.U bA7E CMECK NO. 07/19/2007 89535 SIXTEEN THOUSAND SIX HUNDRED THIRTY TWO AND 10/1.00 DOLLARS PAY TO TWIN CITY DIE CASTINGS CO. oao~~ ATTN : DOUG HARMON of 1070 SE 33RD AVENUE MINNEA£'OLIS MN 55414 11'08953611' x:09 L0000 L9~: 177 ~,,3_~ NO. 89535 WELLS FARGD BANK MONTIC ELLO, MINNE50 CA. 557F•? • p5a) ?94-?29q AMOUN"f 515,532.10 ~~~.~ ~. 760 00 ~ ~u" VENDOR OOg455 TWIN CITY DIE CASTINGS CO. 07/19/2007 CHECK 89536 FUND & ACCOUNT: P.O.# INVOICE DESCRIPTION AMOUNT 213.45525.,5511 TIF' 1-26 PAYBACK INSTALLMEN 16,632.10 TOTAL 16,632.10 CITY OF N1CNT!CELLQ • titO~iTiCEl.l_C, tiIN :15362 `,~ - o ' C9TY 4F IVI®NTdC~LL® ~ ~• V ~-~ 91D ACCOUNTS PAYABLE 505 WALNUT STREET • SUITE 1 Np. 8 9 5 4 7 MONTICELLO, MN 55362 763-295-2711 WEI.l.S FARGO BANK MONTICELLO, MINNESOTA 553fi2 • (76312415.2290 ~'~ I]ATE CHECK NO. AMOUNT 07/19/2007 $9547 $93,284.00 NINETY THREE THOUSAND TWO HUNDRED EIGHTY FOUR AND 00/100 DOLLARS PAY TO WRIGHT CO AUDITOR-TREAS THE WRIGHT COUNTY COURTHOUSE ppFp ~.0 N.W. 2ND STREET ROOM 230 BUFFALO MN 55313 II'089 54 III' x:09 LD000 ~9~: VENDOR 000219 WRIGHT CO AUDITOR-TREAS FUND & ACCOUNT P.O.# INVOICE 213.46523.4399 TIF 1-23 213.46525:4399 TIF 1-25 'a ~ 60 .OD L ?II' 07/19/2007 CHECK 89547 DESCRIPTION AMOUNT EXCESS TAX INCREME 78,G02.00 EXCESS TAX INCREME 14,682.00 TOTAL 9 3, 2 8 4. 0 0 C'TY pF MOPJTICFLLO ^ MnI~TICELL'.' MhJ 553fi2. C ~,, q;~ ray c, ~J MONTICELLO Denise McColla Office of Wright County Auditor 10 Second Street NW, Room 230 .. Buffalo, MN 55313 July 11, 2007 Re; Parcels within TIF District No. 634 Monti Ir>.terchange. Discrepancies between OSA and DOR data. Dear Denise: Per your request, this is a letter from the City of Monticello (Housing and Redevelopment Authority) requesting modification of the parcels within TIF District Na. 1-34 (County No. 634), a Renewal and • Renovation District, named Monti Interchange. Modifications effective for payable 2008. The following parcels are those to be included in District No. I-34 and were inspected and qualified as a Renewal and Renovation District by LHB, Inc. on July 21, 2005: 1 S5-O11-000151 155-O11-000152 1 SS-O11-000161 1 S 5-178-000020 155-178-000040 155-178-001010 1 SS-S00-182300 The following parcels are not included in TIF District No. 1-34 (County No. b34): 1 SS-178-000010 155-178-000030 155-178-002010 155-178-002020 155-178-002030 ', Secondly, at a recent T1F Seminar conducted by the Office of the State Auditor, the attached sheet . (Exhibit A) identified some discrepancies in dates between the OSA and DOR associated with Monticello TIk' Districts. Copies of documentation are submitted along with a request for changes on the County records. Monticello City Hall, 505 Walnut Streek, Suite 1, Monticello, NiN 55362-883 I • (763) 295-27 L 1 • Fax (763) 295-4.04 Office of Public Works, 909 Galf Course Rd., Monticello, MN 55362 • (763) 295-3170 • Fax (763) 271-3272 Page 2 July 11, 2007 TIF 1-22 (622) OSA-CRD d/25/1997 and DOR-CRD d/27/1997 -Please advise since the only documentation I have is the request by Ehlers on June 25,1997, with no completion of the County Auditor section (Exhibit B) TIF 1-06 (0023) OSA-CRD 12/5/1985 and DOR-CRD 12/4/1985. I have no documentation on this older district, only a resolution adopted by the City Council of November 12, 1985. TIF 1-Od (0023) OSA-Cert Date 12/5/1985 and DOR-Cert Date 12/4/1985. Please correct to 12/5/1985 per documentation submitted (Exhibit C). District 1-26 (62d) OSA-CRD 1/21/2000 and DOR-CRD 11/15/1999. Please correct to 1/24/2000 per documentation submitted (Exhibit D). District 1-33 (633) DOR-TIF Plan Approval 2/28/2005, DOR-First TI 7/01/2006, DOR-RDD 12/31/2014. Flease add per documentation (Exhibit E). The City will adjust our records and submit changed to the OSA. Should you have any questions, Denise, please call me at 763-271-3208. As always, thanks for your assistance. With Regards, HOUSING AND REDEVELOPMENT AUTHORITY 11V AND FOR THE CITY OF MONTICELLO, MINNESOTA Ollie Koropchak Executive Director Attachments HRA TIF File Ex4.~l~;C `~ Monticello Comprehensive Plan Update 2007 BIO-SCIENCE/HIGH TECH VISION FOR MONTICELLO Monticello is a center of employment, containing a wide range of employment opportunities with a growing emphasis on jobs at higher wage levels that allow more people to live and work in Monticello. GOALS FOR INDUSTRIAL LAND USE AND DEVELOPMENT • Expanding and diversifying the property tax base. • Providing jobs with an increasing opportunity for people to work and live in Monticello. • Promoting wage levels that provide incomes needed to purchase decent housing, support local businesses and support local government services. • Take advantage of opportunities to attract corporate headquarter/campuses and businesses that specialize in biosciences and technology. • Encouraging the retention and expansion of existing businesses in Monticello. The City of Monticello is committed to being a leader in the Bro-Science/High Tech Industries including investment and the development of a Bio Science Business Campus ASSETS (Existing and In-Progress) • School District, Hospital District, I-941ocatian, and well-maintained parks and trails. • Fiber optics network and skilled labor force (develop training center.) • Community environment and quality of life. • Existing Monticello businesses with medical device and information technology expertise. • A community commitment including local financial resources. • Proximity to high-education universities and technical schools as a resource. • SCSU students/facilit and Small Business Develo ment Center for additional resources. ACTION STEPS LEADERSHIP • Prepare scope of work for an advisor including a budget and time frame. * Utilize the expertise ofAnoka-Ramsey Community College to develop scope of work. * The advisor must have a working knowledge and contacts within the bia-science/high tech industries, Bia-Science Medical Alley and related corporate leaders. * The advisor must have the skills to network with the political environment and the expertise to gain Bio-Science Zone (tax-free zone) designation and to seek venture capital investors. • Identify source of funding far hiring an advisor. INVESTMENT AND DEVELOPMENT • Identify sites for development of abio-science/high tech business campus within the Comprehensive 1?Ian Update. • Explore benefits and apply for a Bio-Science Development Public Infrastructure Crrant. • Explore the option of a private developer to develop abio-science/high tech campus with an emphasis on landscaping, green space, and pathway/trail connections. • Research the potential for development of incubator space for lease. • Identify incentives and investments to attract bio-science/high tech businesses. EDUCATION AND TRAINING • Explore development of a training campus partnering with Anoka-Ramsey Community College, SCSU, School District, and others. • Tour the Anoka-Ramsey Community College -Cambridge Training Campus. • Identify local legislators to assist in special legislative funding. • Identify a site for potential campus. MARKETING • Identify which sectors of the bio-sciences to target. * Utilize the expertise of Minnesata Technology, a state agency, and Monticello Work b'orce Center. • Identify which bio-science/high tech businesses or suppliers to target. * Utilize the expertise of Minnesota Technology, a state agency. • Develop a community plan seeking assistance to begin development of a city-wide "branding" and image. • 2 K en n ed y G r av en 470 U.S. Bank Plaza Offices in 200 South Sixth Street Mlnneapolts Minneapolis, MN 55402 Saint Paul (612) 337-9300 telephone (612) 337-9310 fax Cloud St h«p~~~~'H'µ'•kennedy-graven.com . Affirmative Action, Equal Opportunity Employer STEPHEN J. BUBUL Attorney at Law Direct Dial (612) 337-9228 Email: sbubul@kennedy-graven.com July 30, 2007 Ollie Koropchak City of Monticello 505 Walnut Avenue, Suite 1 Monticello, MN 55362 Dear Ollie: I wanted to let you know that I will be out of the office for an extended period, beginning August 6, 2007 and continuing through the end of October. I'm calling this a "sabbatical," though that word implies some purposeful activity such as research. In fact, this is more of an opportunity to recharge my batteries after twenty years of fulfilling but strenuous practice. In the meantime, our public finance department will be available to meet all your needs. Your primary contact in my absence will be Martha Ingram who can be reached directly at 612-337- 9231 or mingram@kennedy-graven.com. Feel free to contact Martha with any questions or request for services related to bonds, economic development or redevelopment. I look forward to contacting you when I return in November. Sincerely, Stephen J. Bubul c: Jeff O'Neill, City Administrator 315428v1 SJB KG400-1 August 7, 2007 MONTICELLO James and Cheryl A. Wolff P.O. Box 664 Buffalo, MN 55313-0664 Re: Non-Binding Letter ofIntent - 101 Third Street East, Monticello. Dear James and Cheryl, The Housing and Redevelopment Authority (Authority} in and for the City of Monticello, Minnesota, presents this Non-Binding Letter of Intent for consideration as an offer to purchase the property located at 101 Third Street East, Monticello, legally described as Lot 001, Block 034, Original Plat, City of . Monticello, County of Wright. Based on a similar and recent downtown transaction completed by the Authority at a price of $9.22 per square foot, the Authority presents this offer of $100,405 (One Hundred Thousand Four Hundred-Five Dollars and No Cents) for the property at 101 Third Street East. The Authority encourages you to consider this Non-Binding Letter of Intent and to respond to the Monticello Housing & Redevelopment Authority, 505 Walnut Street, Suite 1, Monticello, MN 55362 or by calling the office of the Authority at 763-271-3208. Thank you for your consideration. Sincerely, HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO, MINNESOTA Ollie Koropchak Executive Director c: Authority File Monticello City Hall, 505 Walnut Street, Suite 1, Monticello, MN 55362-8831 • (763) 295-271 I • Fax (763) 295-4404 Office of Public Works, 909 Golf Course Rd., Monticello, MN 55362 • (763) 295-31.70 • Fax (763) 271-3272