EDA Agenda - 03/01/2023 (workshop)AGENDA
ECONOMIC DEVELOPMENT AUTHORITY (EDA) WORKSHOP
Wednesday, March 1, 2023 — 4:30 p.m.
Monticello Community Center
Members: President Steve Johnson, Vice President Jon Morphew, Treasurer Hali Sittig, 011ie
Koropchak-White, and Councilmembers Lloyd Hilgart and Tracy Hinz
Staff: Executive Director Jim Thares, Rachel Leonard, Angela Schumann, and Hayden
Stensgard
1. Call to Order
2. Roll Call
3. Facade Improvement Forgivable Loan Application Submittals and relationship to Block
52 Redevelopment Goals
4. Adjournment
EDA: 02/24/23
3. Consideration of Discussion of Facade Improvement Forgivable Loan Applications
related to Block 52 redevelopment goals and efforts (JUAS)
A. REFERENCE AND BACKGROUND:
Three Facade Improvement Forgivable Loan Applications were recently submitted to City
staff from Block 52 property owners. The three application submittals were from the
following properties:
1. Lucille and Jon Murray — Lucille Murray's Dance Studio, 155 West Broadway — Letter of
Intent
2. Buchholz Construction — East wall of Mattress Store (located on redevelopment property)
— Preliminary Application form
3. John Thorud — Sleep Concepts Mattress Store — 149 West Broadway Preliminary
Application form
Each of the applications should be considered preliminary or an inquiry as they are not in the
desired form and do not include construction quotes nor renderings. There are unique factors
related to these properties and the skill sets -capabilities of the applicants along with program
guidelines and current program funding levels that should be discussed with direction
provided to staff and the applicants.
A summary of those factors includes:
✓ A desire to complete improvements on three sides of each building.
✓ Construction expertise by Buchholz Construction (east wall of Mattress Store)
✓ Program requirements for multiple bids
✓ Program funding authorization of $250,000 with $50,000 already spent leaving a
balance of $200,000.
✓ No completed architectural renderings for the two buildings (photos available; historic
and preference pictures); EDA dollars have previously been allocated to complete
architectural renderings.
✓ Potential combination two building Fagade Improvement project due to involved party
skills sets and knowledge that may result in potential efficiencies and cost savings.
EDA: 02/24/23
Al. STAFF IMPACT: The tasks and time commitment thus far related to discussing the
Fagade Improvement program submittals and the Program Guidelines as they may be
practical in Block 52 are minimal. Staff involved include the Community Development
Director, the Community & Economic Development Coordinator and the Economic
Development Manager.
A2. BUDGET IMPACT: There is a minimal budget impact involved in the discussion of the
Fagade Improvement Program applications as they relate to Block 52.
B. ALTERNATIVE ACTIONS:
1. No motion; discussion only.
3. Motion of other as directed by the EDA.
C. STAFF RECOMMENDATION:
No motion is required. The EDA is asked to discuss the entire Fagade Improvement
applications and the Program guidelines, constraints, possible waivers of guidelines and the
realities of the current funding level.
D. SUPPORTING DATA:
a. #1. Lucille and Jon Murray Dance Studio - Letter of Interest
a. #2. Buchholz Construction East Wall of Mattress Store - Preliminary Application
a. #3. John Thorud Mattress Store - Preliminary Application
b. Fagade Improvement Program Guidelines
c. Fagade Improvement Program Application
February 10, 2023
Dear members of the Economic Development Authority,
We are writing to inform you of our interest and intent to take part in the facade
improvement program. We are the owners of the dance studio building located on Block
52 (155 West Broadway, Monticello).
We are looking at updating the outside of our building. The building is roughly 60 by 120
ft, and we will need the front, side and back redone. This is a total of 240 linear feet. We
are requesting to be considered for multiple grants since we will have three sides of our
building highly visible in the new downtown plan.
We are looking to resurface/update the current overhang on our building, replace the
windows, and resurface/paint/stain the existing brick on the exterior of our building. The
main doors in the front are new and were replaced when we moved into the building.
However, we may need to replace the doors at the rear of our building.We are also
considering raising the parapet to better match the heights of the surrounding buildings.
Our goal is to freshen the exterior while maintaining the architectural history of the
building and complement the new construction on the block.
We have actively been pursuing bids and designs since July of 2022. It has proven to
be a slow process. However, we would like to move forward and are seeking your
guidance on our next steps. We have been communicating with Buchholz Construction
and Randahl Construction. We also have been in contact with an architect in the event
that formal renderings are required. Please let us know what exact steps we need to
take to move forward with the process. We hope to have the work done this
spring/summer.
Thank you for your time and consideration.
Sincerely,
Jon & Lucy Murray
DocuSign Envelope ID: 28760724-9967-46BF-98E2-B09138F2F749
City of Monticello/Monticello Main Street, Inc.
FAe ADE IMPROVEMENT MATCHING GRANT PROGRAM APPLICATION
09/20/22
Application Date:
Owner of Business: Block 52 Holdings LLC, Norgren Exhange, Buchholz Exchange
Business Name and Address:
Performing structural and aestic work on (Sleep Concepts) 149 W Broadway
Phone:
Estimated Cost of Project:
Paint
Signage
Repair or replacement windows
Masonry Repairs
Awnings
Other Structural
Items needed to process this application:
Current photograph of subject property
Drawings of proposed improvements
Written description of proposed improvements,
including materials and colors
r 48A3075D274C8 046494s) Signature(s)
..
$ $35,000.00
$ $15,000.00
For Administrative Use Only:
Application Received
(Date & Initials)
Preliminary Approval
(Date & Initials)
Final Inspection & Approval
(Date & Initials)
Payment Request Submitted
(Date & Initials)
�4
0
�
m
O
O
p0
O
�
3
N
N
t
F
U
d
O
O
c
a
�
N
c
m
�
o
E
14
o
N
E
m
a
n
E
v
v
`
4
p
0
�
m
O
O
O
O
00
E
3
14
I�
o
14
«
w`
E
n
E
v
4
p
_
p
E
A
p
N
N
N
N
N
N
0
N
E
3
14
I�
o
14
«
w`
E
n
E
v
4
p
_
p
E
A
p
V
a
^
n
E
4
�
M
p
a
0
=
O
a
6
4
4
E
Q
d
Q
4i
`a
N
Li
«
s
z
E
N
E
14
I�
o
14
«
w`
E
n
E
v
4
p
_
p
N
p
A
p
m
a
^
n
E
p
n
0
a
M
p
a
0
V
c
4
i
d
b
Q
W
4
4
E
Q
q
O
C
C
6
Q
4i
v
N
Li
«
N
E
0
o
n
a
«
w`
E
n
E
v
_
4
m
a
^
n
E
p
n
0
a
M
p
Q
0
V
c
v
D rcuSrin Envelope ID. 28]1392096]468F-ME2-89913817217149
City of Monticello/Monticello Main Street, Inc.
FACADE IMPROVEMENT MATCHING GRANT PROGRAM APPLICATION
Application Date: 09/20/22
Owner of Business: John Thorud
Business Name and Address:
Performing structural and aestic work on (Sleep Concepts Mattress & Futon Company)149 W Broadway
Phone:
Estimated Cost of Project:
Paint
Signage
Repair or replacement windows
Masonry Repairs
Awnings
Other
5
$ 5,000.00
5 15,000.00
5 $20,000.00
510,000.00
5
Matching grant funds shall be paid on behalf of Sleep Concepts Mattress &Futon Factory
Items needed to process this application:
Current photograph of subject property
Drawings of proposed improvements
Written description of proposed improvements,
Including materials and colors
Applicant(s)Signature---(s)
n�s) Sign�aturee((s)
f F�-
ForAdministrative Use Only:
Application Received
Preliminary Approval
Final Inspection & Approval
Payment Request Submitted
(Date&Initials)
(Date & Initials)
(Date & Initials)
(Date & Inaials)
TY
LMonticello
MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY DOWNTOWN
FACADE IMPROVEMENT FORGIVABLE LOAN PROGRAM
GUIDELINES
AMENDED NOVEMBER 9, 2022
POLICY PURPOSE
The City of Monticello Economic Development Authority ("EDA") recognizes the need to
encourage investment in commercial and retail buildings in the Downtown area in order to
maintain the economic viability of the City and the Downtown/Central Community District.
The purpose of this forgivable loan program is to support a visually and financially appealing
Downtown and greater Monticello community by providing forgivable loans to improve the
fagades of existing Downtown commercial and retail buildings.
ELIGIBLE BUSINESSES
Commercial property located within the geographic area illustrated in Exhibit A of these
guidelines may be eligible for a Downtown Fagade Improvement Forgivable Loan (" Loan') as
further defined herein. The area illustrated in Exhibit A of these guidelines is amended to
include the buildings to remain on Block 52 following redevelopment. It is the goal of the EDA
that 70% of the buildings within the eligible area complete improvements to their properties.
The EDA has allocated a maximum of $200,000 for the initial Loan program. This is a pilot
program, and additional areas and allocations will be considered at a future date.
FORGIVABLE LOAN FUND TERMS & CONDITIONS
Loan Amount * Structure
Individual loans may be made in an amount ranging from $5,000450,000. Loan forgiveness
generally takes place over a three-year period with fifty percent (50%) of the award forgiven at
the end of the first year, and twenty-five percent (25%) forgiven at the end of years two and
three. The EDA may extend or reduce the forgiveness period based on the dollar amount of
the loan. If the benefitting building is sold within the period of the loan, the loan must be
repaid. The Applicant must provide at least 5% of the project cost in cash. The Applicant
percentage shall be used as the project down -payment, as may be required.
Eligibility Requirements
Tenants and property owners should discuss the Loan program to determine responsibilities
1 I Page
and commitment for application and its components. The owner of the property must be a
cosignatory to the application and Loan agreement.
MN325\42\839164.v1 2 1 P a g e
The property owner must carry current property insurance both at the time of application and
through completion of approved Loan improvements.
Property taxes on the subject site must be current for the duration of the Loan.
Applicants are not eligible to receive funding if the property to be rehabilitated is in default
under a property mortgage, contract for deed or comparable obligation. An applicant/property
owner is ineligible to receive assistance if currently involved in bankruptcy proceedings.
Applicants may apply for only one Loan per building.
The EDA reserves the right to approve or reject applications on a case-by-case basis, taking into
consideration factors considered appropriate by the EDA, in addition to established polices,
criteria, and potential benefits. Meeting the criteria does not guarantee an application will be
approved. Approval or denial of an application is at the sole discretion of the EDA.
Concurrent Loans
The concurrent use of different EDA loan programs by any one borrower or for any one project
is permitted. Business subsidy agreements may be required.
Permitted Loan Uses
Exterior renovation of front and corner side facades of principal use retail or commercial
buildings.
An architectural rendering supplied by one of the following is required: an EDA selected
architect, applicant contractor or architect, or a qualified architect accepted by the EDA. This
item is required for use in determining final scope of work in consultation with the applicant
and the applicant's selected contractor for any project. The cost of the rendering shall not be
included in the Loan amount. Architectural renderings will be considered for preparation after
initial letter of interest by an applicant.
Fagade renovation may include, but is not limited to: windows, doors, siding, brick, stucco,
masonry, painting, steps, cornices, parapets, shutters, dormers, signage, awnings, and structural
roof components and such improvements shall be guided by the architectural rendering:
Interior side renovation proposals may be considered on a case-by-case basis.
The applicant will work with a contractor to define final selected improvements using the
architectural rendering as a guide. The architectural rendering with final selected
improvements must be reviewed and approved by the EDA and will be included in final Loan
documentation. The improvements must be completed in substantial conformity to the
approved architectural rendering.
MN325\42\839164.v1 3 1 P a g e
The cost of the building permit for the approved Loan project will be included in the final
Loan amount.
MN325\42\839164.v1 4 1 P a g e
CONSTRUCTION AND IMPROVEMENTS CODE COMPLIANCE
As applicable, buildings for which public funds will be used within this program are to be
brought into conformity with city ordinances and state building codes in effect for the area in
which the building is located. It is the intent of the Downtown Facade Improvement Loan
Program to comply with the City's building standards for the Downtown/Central Community
District (CCD). Please refer to the City's Downtown Small Area Plan and zoning ordinance for
complete details as it relates to the standards governing this program's design guidelines.
TIMING OF PROJECT EXPENSES
No project may commence until the EDA has approved the Loan application and the Loan
agreement. Any costs incurred prior to execution of the Loan agreement are not eligible
expenditures.
No building construction may commence until the required city permits are secured.
Loan disbursements shall be as provided for within the Loan agreement and shall be made
directly to the Applicant/owner's contractor. The Loan agreement shall reference final
contracts for improvements.
COMMUNICATION
Success of the project depends on the completeness of applications and good communication
between all parties. Applicants should feel free to reach out to EDA staff with any questions at
any time.
PROCEDURAL GUIDELINES FOR APPLICATION AND APPROVAL
The applicant shall meet with city staff to obtain information about the Loan program, discuss
the project, and obtain application forms.
The applicant shall complete and submit a letter of interest to the EDA. After review, the EDA
will consider authorization of the facade rendering by the EDA's architectural consultant. Once
the architect and applicant have completed the rendering process, the applicant must submit a
formal application to the EDA for review.
Applications will be received and reviewed on a first-come, first-served basis from the time of
submission of a complete application.
An inspection of the building may be required.
MN325\42\839164.v1 5 1 P a g e
The EDA is a governmental entity and as such must provide public access to public data it
receives. Data deemed by Applicant to be nonpublic data under State law should be so
designated or marked by Applicant. See Minnesota Statutes, Section 13.591, Subd. 1 and 2. The
formal Loan application will be reviewed by EDA staff to determine if it conforms to all city
policies and ordinances, and will be presented to the EDA for formal approval, as follows:
1. Staff will complete a preliminary application review and may consult with the EDA's
Financial Advisor and/or EDA Attorney in preparing a report for EDA consideration.
2. Staff will evaluate the project application in terms of the following:
a. Project Design - Evaluation of project design will include review of proposed
activities, project construction and renovation plans including architectural
rendering and final building elevations detailing selected improvements,
timelines and capacity to implement the project.
b. Financial Feasibility - Availability of funds, private investment, financial
packaging and cost effectiveness, and bid -quote submissions.
c. Evidence of applicant's ability to meet the 5% cash requirements.
d. Letter of Commitment from other financing sources stating terms and conditions
of their participation in the project, if applicable.
e. All other information as required in the application and/or additional
information as may be requested by the EDA staff.
f. Project compliance with all applicable city codes and policies.
3. The EDA Commissioners will review each application in terms of:
a. Its consistency with the goals of the city's Comprehensive Plan and Downtown
Small Area Study.
b. Whether it is desirable and in the best interests of the public to provide funding
for the project.
c. The project's overall potential impact on the community's economy.
4. The EDA Commissioners will approve or deny the application, or request a
resubmission with clarifications, at the EDA's sole discretion.
APPROVAL OR DENIAL OF LOAN APPLICATION
The EDA, at its sole discretion, may deny any application on a case-by-case basis, taking into
consideration factors such as: consistency with the goals of the city's Comprehensive Plan and
Downtown Small Area Study, the project's overall impact on the community's economy, and
the above criteria.
LOAN POLICY REVIEW
The above criteria will be reviewed on an annual basis to ensure that the policies reflected in
this document are consistent with the economic development goals set forth by the city.
MN325\42\839164.v1 6 1 P a g e
COMPLIANCE WITH BUSINESS SUBSIDY LAW
All developers/businesses receiving financial assistance from the City of Monticello EDA shall
be subject to the City's Business Subsidy Policy as amended, and the provisions and
requirements set forth under Minnesota Statutes, Sections 116J.993 to 116J.995.
LOAN AGREEMENT
If the application for a Loan is approved, the applicant/property owner will be required to
enter into a Loan agreement to proceed. The Loan agreement will specify the terms and
conditions of the Loan as identified herein.
DISBURSEMENT OF LOAN FUNDS
Upon approval of a Loan application, applicants are required to provide executed contracts
with qualified, licensed contractors for work per the approved Loan plans. Contracts shall be
consistent with the procedures and requirements herein.
Loan funds will be disbursed to the contractor based on completion of work as outlined below.
The City's Chief Building Official will verify completion of work. Upon verification of
completion, payment will be dispersed per contract amount for the work completed based on
submitted invoice.
PROJECT CONTRACTOR PROCEDURES AND REQUIREMENTS
A. PARTICIPATING CONTRACTORS: All contractors participating in the
Downtown Fagade Improvement Loan Program must have a contractor's
license on file with the Minnesota Department of Labor and Industry. The
contractors will be responsible for securing insurance of the amounts specified
on the application form. The application must contain proof of insurance
coverage via a Certification of Insurance Coverage, and the contractor's
registration and license number and bond.
B. BID/QUOTE SOLICITATION: To participate in the Downtown Facade
Improvement Loan Program, the applicant must solicit bids or quotes from at
least two vendors. An applicant is free to choose any contractor, provided the
license requirements are met and the cost differential in the quotes received does
not exceed 20%.
C. CONTRACTOR CONTRACT: The contract for work is between the property
owner (applicant) and the contractor. Each selected contractor will enter into a
contract with the property owner. The contract will outline the terms for
completion of the rehabilitation on the project and will include the following:
1. Scope of Work
2. Project Start Date;
MN325\42\839164.v1 7 1 P a g e
3. Project Completion Date;
4. General Conditions;
5. Building Elevations and Architectural Drawings;
6. Special Conditions;
7. Project Warranties;
8. Change Order Procedures;
9. Payment Terms;
10. Termination Procedures.
D. FAILURE TO START/COMPLETE PROJECT: Upon approval of the Loan
agreement, the applicant and selected contractor will have 180 calendar days in
which to complete the contracted work. The 180 -day time period shall not be
exceeded except through the issuance of a change order. Failure to complete
any work within 180 days will be grounds to terminate the Loan agreement.
E. PAYMENT PROCEDURES: All contractors will agree to the payment schedule,
which is as follows:
Pre -payments for contracted services may be disbursed from an escrow
account established with the EDA's specified agency. Such escrow
account shall be administered per the Loan agreement.
2. Lien waivers are required for all contractors and sub -contractors before
payment will be made.
3. Final payment for work completed, including any retainage amounts,
will be made after work by a contractor is completed with verified
receipts and costs incurred, the final inspection has been conducted and
the Chief Building Official, property owner, and contractor have signed
off on the work.
F. CHANGE ORDERS: Change orders to the approved Loan project require the
approval of the EDA. Change orders will be allowed only for the following
reasons:
1. To rectify hidden deficiencies that are discovered once the work has
begun.
2. To change a specification due to unforeseen difficulties arising after work
has begun.
3. To address a deficiency that was inadvertently dropped from the project
during project packaging.
4. To change completion dates.
MN325\42\839164.v1 8 1 P a g e
PROJECT COMPLETION
The City's Chief Building Official will complete a final project inspection and issue a Certificate
of Completion verifying project completion per the approved Loan plans.
MN325\42\839164.v1 9 1 P a g e
EXHIBIT A
Geographic Program Limits
Downtown Facade Improvement Grant Program Eligibility Area
Created by: City of Monticello
MN325\42\839164.v1
EXHIBIT B
Permitted Fund Uses — Visual Reference
MN325\42\839164.v1
Elements of the Facade
Overview of the Program
y9 1939.
�o�
- F
F
1 E�
Cornerstone
one
�ee� Drsrn+Pi�G +a. -Town.. �
MN325\42\839164.v1
Additional Information
www.ci.monticello.mn.us
Angela Schumann
Director of Community Development
Lr i y Y•—
a t�i t"
poll
7A
n
"10
,�---- C � 14
Downtown Facade
Improvement Loan Program
An Implementation Step of the
Downtown Small Area Plan
Investing in Our
Downtown
CITY OF
The Monticello EDA has developed a Downtown Facade Im-
Cornice---
-._ --
provement Loan Program to support property owners in their
Upper Frieze-
.,._ _-�
�:» ¢•
": •�
efforts to reinvest in their buildings and in the historic building
:=
fabric of downtown Monticello. The purpose of the loan pro -
Lintel
gram is to improve the aesthetics of the Downtown and to make
Upper Windows
- - - -�
it a place that is comfortable and appealing to more people
_
throughout the day, week and year.
Sill ------
The loan program offers up to $50,000 in loan funding to
Middle Frieze ---;W;- '` -:._, 4i
individual building property owners or building tenants to make
a..
front and corner side building facade improvements in the eligi-
Transom ---- ti
ble area shown below.
Door.... • •
"-
�` --
The funds are provided as forgivable loans, with the loans
Display Window
generally forgiven over a 5 -year period with 20% of the
__ _E
rt:
principal amount forgiven each year. The EDA's goal is for at
Base Panel
least 70% of the proper- ty owners in the area to take advantage
of the loan.
y9 1939.
�o�
- F
F
1 E�
Cornerstone
one
�ee� Drsrn+Pi�G +a. -Town.. �
MN325\42\839164.v1
Additional Information
www.ci.monticello.mn.us
Angela Schumann
Director of Community Development
Lr i y Y•—
a t�i t"
poll
7A
n
"10
,�---- C � 14
Downtown Facade
Improvement Loan Program
An Implementation Step of the
Downtown Small Area Plan
Investing in Our
Downtown
CITY OF
Possible Improvements to building on Broadway City of Monticello, MN Monticello
763-271-3224
Angela. Schuman n@ci.monticel lo. mn.us
MN325\42\839164.v1
Monticello Design Threads General Design Considerations Facade Improvement Possibilities
The following design threads can be incorporated into
facade improvements. Doing so will help create a lively
and distinctive environment.
Transparency and Openness
Broadway should be welcoming and inviting. Facades with
large windows and well-designed storefronts are comfortable
to walk along side and intriguing to look into.They create
visual interest to both drivers and walkers.
Three Dimensionality/ Movement
Functional and artistic elements that have depth, or evoke
a sense of movement, have impact. Elements that project
horizontally from buildings or vertically from the sidewalk are
encouraged.
Proportion and Order
All elements of the facade should be proportional and orderly
to create a harmonius composition. The underlying building
should provide the basic order of the composition and ele-
ments such as awnings, signage and lighting should respond
to the underlying building.
Of its Time
Downtown Monticello was built over time. Today's buildings
reflect a variety of eras and no one particular style. Improve-
ments to the buildings that are in keeping with the spirit of a
particular era will create an environment that is of its time.
South side of Broadway, Block 36
A renovation or facade improvement project can provide the
architectural and human -scale qualities to improve the aesthet-
ics of Downtown. The following design considerations highlight
key elements that will provide guidance in restoring or enhanc-
ing architectural value to building.
- Most facades consist of an architectural framework designed
to identify individual storefronts. Each storefront should respect
this framework.
- Facades should present a visually balanced composition ac-
cording to the original architectural intent.
- In cases where original building elements have been removed
or substantially altered, contemporary treatments respecting
the original and historic details are suitable. However they
should not appear to be of poor quality, of temporary nature, or
ill-suited for the area (vinyl or aluminum sidin).
- If a building has historic or architectural merit, improvements
should be designed to reveal the buildings original style form
and materials, whenever posisble.
- Architectural services will be offered at no charge to loan
fund applicants.
paint and signage
corner treatments
integrated signage
restored brickwork
murals
welcoming fronts
— — — —
- f 717i-- ---------- ---------BIKE AND 7RIXF 1; Er,�
J}y, � 1 _
MN325\42\839164.v1
Sample Illustration
MN325\42\839164.v1
CITY OF MONTICELLO EDA
MOnticeRo DOWNTOWN FACADE IMPROVEMENT
FORGIVABLE LOAN PROGRAM
APPLICATION
1. CONTACT INFORMATION
Legal Name of Business:
Project Site Address:
City / State / Zip: .
Contact Person(s):
Business Phone:
Home Phone:
Email:
Check One: ❑ Proprietor ❑ Corporation
Federal ID # State ID #
Legal Name of Property Owner:
Project Site Address:
City / State / Zip: .
Contact Person(s):
Business Phone:
2. PROJECT GOALS
Please give a brief summary of the project:
Email:
❑ Partnership
1 I Page
Please describe how the proposed project will positively impact the city's
downtown/Central Community District:]
3. PROJECT FUNDING
A. FORGIVABLE LOAN USE FUNDING REQUEST
Maximum grant amount of $50,000
Fagade Improvements
Frontage Improvements $
(Signage, awnings, permanent landscaping)
Total Loan Request: $
B. OTHER PROPOSED FUNDING SOURCES
Bank Loan $
Private Fund Commitment (5% required) $
Applicant Commitment $
Other $
Total Other Funding Sources $
PROJECT TOTAL:
4. PROJECT CONTACTS (Lenders, Private funding_ source, Partners, etc...)
2 1 P a g e
Name
Address
Phone/Email:
Name
Address
Phone/Email:
6. ATTACHMENTS CHECK LIST
Please attach the following:
A) Letter of Commitment from the Other Sources of Financing, Stating
Terms and Conditions of their Participation in Project (if applicable)
B) Project Plans (Architectural Rendering and Scope must be included)
C) Project Quotes/Estimates
D)Property Legal Description
7. AGREEMENT
I / We certify that all information provided in this application is true and correct to the best
of my/our knowledge. I / We authorize the Monticello EDA to verify financial and other
information. I / We agree to provide any additional information as may be requested by
the city.
The undersigned has received the EDA's policy regarding the payment of costs of review,
understands that the EDA requires reimbursement of costs incurred in reviewing the
application, agrees to reimburse the EDA as required in the policy and make payment
when billed by the EDA, and agrees that the application may be denied for failure to
reimburse the EDA for costs as provided in the policy.
APPLICANT SIGNATURE
APPLICANT FAME (Print):
PROPERTY OWNER NAME (Print):
PROPERTY OWNER SIGNATURE:
DATE:
The EDA is a governmental entity and as such must provide public access to public data it
receives. Data deemed by Applicant to be nonpublic data under State law should be so
designated or marked by Applicant. See Minnesota Statutes, Sections 13.591, Subd. 1 and
2.
3 1 P a g e