EDA Agenda - 05/10/2023 (special)AGENDA
ECONOMIC DEVELOPMENT AUTHORITY (EDA) SPECIAL MEETING
Wednesday May 10, 2023 — 5:15 p.m.
Monticello Community Center
Call to Order
Discussion of Downtown Fagade Improvement Forgivable Loan Program Application
Submittals
3. Review of EDA landholdings
4. Adjournment
EDA Special Meeting Agenda: 05/10/23
Consideration of Resolution #2022-38 approving a Facade Improvement Forgivable
Loan Agreement to Block 52 Holdings, LLC, Norgren Exchange, LLC and Buchholz
Exchange, LLC for the east wall of the Mattress Store located at 149 W. Broadway
Prepared by:
Meeting Date:
x❑ Special Meeting
Economic Development Manager
5/10/2023
Reviewed by:
Approved by:
N/A
N/A
REFERENCE AND BACKGROUND
On December 1, 2022, staff received an application from Block 52 Holdings, LLC, Norgren
Exchange, LLC and Buchholz Exchange, LLC seeking Downtown Fagade Improvement funds for
the east wall fagade of the Mattress Store located at 149 West Broadway. The proposed fagade
improvement project is a subcomponent of the Block 52 redevelopment work. The Mattress
Store east wall was previously never exposed to the elements or viewable as it was part of the
wall of the 121 West Broadway building which was demolished. The redevelopers have
reached an agreement with John Thorud to complete an acceptable fagade wall that will cover
up the existing newly exposed east wall of the 149 West Broadway building (Mattress Store).
Technically, the newly constructed wall is on the redeveloper's property. The new wall was
constructed with proper footings and the appropriate r -value insulation, with a cap connecting
it to the Mattress Store wall.
The developer team is in discussions with Mr. Thorud regarding the architectural details of the
new wall. Their goals generally are to have it compliment the architecture of the new mixed-
use redevelopment project. Those materials include earth tone and red accent colors and is
themed towards an urban style. Staff have not yet received the specific materials from and the
developed a rendering for the front facade of the property, which included new building
signage, grinding down and painting the stucco, a new storefront with transom windows, and a
historic plaque. It should be noted that in addition to front fagade improvement, the applicant
has also applied to utilize a portion of the funds to cover the cost of repairing and/or replacing
the stucco on the east side of the building.
At this time, staff has requested that the applicant discuss their application with the EDA. The
applicant has provided the following in satisfaction of the grant guidelines and application:
• Completed Application
• Financial Commitment Letter from Bank
• Project Quotes/Estimates (Two Quotes)
• Property Legal Description
EDA Special Meeting Agenda: 05/10/23
At the time that a forgivable loan application is approved, the applicant will be required to
provide a final contract for the construction for staff and EDA attorney review. The contract
shall include the final project scope, rendering, and project timeline, in addition to submitting
all requirements on Page 5 of the Fagade Improvement Program Funding Guidelines.
ALTERNATIVE ACTIONS:
Compliance with all grant guideline requirements
1. Execution of a grant agreement including final project rendering and contractor
contract meeting all program requirements
2. Motion of other.
STAFF RECOMMENDATION:
Staff recommends
Staff hopes that if awarded the grant, work will commence this summer and become a domino
effect for other property owners to move forward with an application to the program.
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Brief Tax Description SECT -10 TWP-121 RANGE -025 OTTER CREEK CROSSING 7TH ADDN LOT 1 BLOCK 11 BLOCK 1
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Parcel ID 155274002021 Alternate ID n/a Owner Address 505WALNUTST
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Date created: 5/9/2023
Last Data Uploaded: 5/9/2023 7:34:02 AM
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Parcel ID 155274002020 Alternate ID n/a Owner Address 505 WALNUT ST
Sec/Twp/Rng 10-121-025 Class 958 - 5E MUNICIPAL -PUBLIC SERVICE -OTHER MONTICELLO, MN 55362
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Brief Tax Description SECT -10 TWP-121 RANGE -025 OTTER CREEK CROSSING 8TH ADDN LOT 2 BLOCK 2 EXCEPT THAT PART THAT LIES
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Date created: 5/9/2023
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Parcel ID 155010050011 Alternate ID n/a Owner Address 505 WALNUT ST
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Property Address 349BROADWAY W Acreage n/a
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Brief Tax Description SECT -11 TWP-121 RANGE -025 ORIGINAL PLAT MONTICELLO LOT -001 BLOCK -050 S1/2 OF LTS 1,2&3 LOCK -050
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Date created: 5/9/2023
Last Data Uploaded: 5/9/2023 7:34:02 AM
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Parcel ID 155010036090 Alternate ID n/a Owner Address 505 WALNUT ST
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Brief Tax Description SECT -11 TWP-121 RANGE -025 ORIGINAL PLAT MONTICELLO LOT -009 BLOCK -036 TH PRT OF LT 9 BLK36 LY NWLY
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Date created: 5/9/2023
Last Data Uploaded: 5/9/2023 7:34:02 AM
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Parcel ID 155010067010 Alternate ID n/a Owner Address 505 WALNUT ST
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Property Address 201 BROADWAY E Acreage n/a
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District (1101) CITY OF MONTICELLO-0882
Brief Tax Description SECT -11 TWP-121 RANGE -025 ORIGINAL PLAT MONTICELLO LOTS 1,2,3,4&5 BLK B 3,4&5 BLK B
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Date created: 5/9/2023
Last Data Uploaded: 5/9/2023 7:34:02 AM
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Parcel ID 155010034151 Alternate ID n/a Owner Address 505 WALNUT ST
Sec/Twp/Rng 11-121-025 Class 958 - 5E MUNICIPAL -PUBLIC SERVICE -OTHER MONTICELLO, MN 55362
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District (1101) CITY OF MONTICELLO-0882
Brief Tax Description SECT -11 TWP-121 RANGE -025 ORIGINAL PLAT MONTICELLO BLOCK -034 THAT PART OF LOTS 14 AND 15, BLOCK
34, ORIGINAL PLAT OF MONTICELLO, AS IS ON FILE AND OF RECORD IN THE OFFICE OF THE COUNTY
RECORDER, WRIGHT COUNTY, MINNESOTA WHICH LIES SOUTHEASTERLY OF THE FOLLOWING DESCRIBED
LINE: COMMENCING AT THE SOUTHEAST CORNER OF THE NORTHEAST QUARTER OF SECTION 11, TOWNSHIP
121, RANGE 25, WRIGHT COUNTY, MINNESOTA; THENCE SOUTH 89 DEGREES 00 MINUTES 44 SECONDS WEST,
ASSUMED BEARING ALONG THE SOUTH LINE THEREOF, 2175.15 FEET; THENCE NORTH 00 DEGREES 59 MINUTES
16 SECONDS WEST, PERPENDICULAR TO SAID SOUTH LINE, 801.81 FEET TO THE SOUTHWESTERLY LINE OF SAID
LOT 15 AND THE POINT OF BEGINNING OF SAID LINE TO BE HEREINAFTER DESCRIBED; THENCE NORTH 58
DEGREES 10 MINUTES 53 SECONDS EAST, 66.14 FEET; THENCE NORTH 25 DEGREES 44 MINUTES 05 SECONDS
EAST, 70.67 FEET; THENCE NORTH 66 DEGREES 57 MINUTES 49 SECONDS EAST, 45.19 FEETTO THE
SOUTHEASTERLY LINE OF SAID LOT 14; THENCE NORTH 25 DEGREES 40 MINUTES 43 SECONDS EAST, ALONG
SAID SOUTHEASTERLY LINE, 5.56 FEETTO THE NORTHEASTERLY CORNER OF SAID LOT 14 AND THERE
TERMINATING. THAT PART OF LOTS 14 AND 15, BLOCK 34, ORIGINAL PLAT OF MON TICELLO, AS IS ON FILE AND
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Date created: 5/9/2023
Last Data Uploaded: 5/9/2023 7:34:02 AM (JJ
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Parcel ID 155010034130 Alternate ID n/a Owner Address 505 WALNUTST
Sec/Twp/Rng 11-121-025 Class 958 - 5E MUNICIPAL -PUBLIC SERVICE -OTHER MONTICELLO, MN 55362
Property Address 112 BROADWAY E Acreage n/a
MONTICELLO
District (1101) CITY OF MONTICELLO-0882
Brief Tax Description SECT -11 TWP-121 RANGE -025 ORIGINAL PLAT MONTICELLO LOT -013 BLOCK -034 LOCK -034
(Note: Not to be used on legal documents)
Date created: 5/9/2023
Last Data Uploaded: 5/9/2023 7:34:02 AM
Developed by4.1 Schneider
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Overview
Legend
Roads
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— CTYCL
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Highways
Interstate
�- State Hwy
— US Hwy
City/Township Limits
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Parcels
Parcel ID 155010034102 Alternate ID n/a Owner Address 505 WALNUTST
Sec/Twp/Rng 11-121-025 Class 958 - 5E MUNICIPAL -PUBLIC SERVICE -OTHER MONTICELLO, MN 55362
Property Address 130 BROADWAY E Acreage n/a
MONTICELLO
District (1101) CITY OF MONTICELLO-0882
Brief Tax Description SECT -11 TWP-121 RANGE -025 ORIGINAL PLAT MONTICELLO BLOCK -034 N11OFT OF LTS 10 &11& N11OFT OF
E9FT OF LT12 BLK 34 N 11OFT OF LTS 10 &11& N 11OFT OF E9FT OF LT12 BLK 34
(Note: Not to be used on legal documents)
Date created: 5/9/2023
Last Data Uploaded: 5/9/2023 7:34:02 AM
Developed by41 Schneider I
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Overview
Legend
Roads
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— CTYCL
— MUNICL
— PRIVATECL
— TWPCL
Highways
Interstate
State Hwy
US Hwy
City/Township Limits
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Parcel ID 155010034080 Alternate ID n/a OwnerAddress 505 WALNUTST
Sec/Twp/Rng 11-121-025 Class 956- 5E MUNICIPAL -PUBLIC SERVICE MONTICELLO, MN 55362
Property Address Acreage n/a
District (1101) CITY OF MONTICELLO-0882
Brief Tax Description SECT -11 TWP-121 RANGE -025 ORIGINAL PLAT MONTICELLO LOT -008 BLOCK -034 LTS 8&9 BLK 34 LOCK -034 LTS
8&9 BLK 34
(Note: Not to be used on legal documents)
Date created: 5/9/2023
Last Data Uploaded: 5/9/2023 7:34:02 AM
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f4,,BeaconIT' Wright County, MN
Overview
Legend
Roads
— CSAHCL
— CTYCL
— MUNICL
— PRIVATECL
— TWPCL
Highways
Interstate
-- State Hwy
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Parcel ID 155010034101 Alternate ID n/a Owner Address CITY OF MONTICELLO
Secfrwp/Rng 11-121-025 Class 956 - 5E MUNICIPAL -PUBLIC SERVICE 505 WALNUT ST
Property Address Acreage n/a MONTICELLO, MN 55362
District (1101) CITY OF MONTICELLO-0882
Brief Tax Description SECT -11 TWP-121 RANGE -025 ORIGINAL PLAT MONTICELLO LOT -010 BLOCK -034 LTS 10,11& E9FT OF LT 12
BLK12 EX N11OFT LOCK -034 LTS 10,11& E9FT OF LT 12 BLK12 EX N11OFT
(Note: Not to be used on legal documents)
Date created: 5/10/2023
Last Data Uploaded: 5/10/2023 7:16:31 AM
Developed by41 Schneider
GEOSAATIAL
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Overview
Legend
Roads
CSAHCL
-- CTYCL
MUNICL
— PRIVATECL
— TWPCL
Highways
Interstate
State Hwy
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Parcel ID 155019007050 Alternate ID n/a Owner Address 505 WALNUT ST
Sec/Twp/Rng 11-121-025 Class 958 - 5E MUNICIPAL -PUBLIC SERVICE -OTHER MONTICELLO, MN 55362
Property Address 224 4TH ST E Acreage n/a
MONTICELLO
District (1101) CITY OF MONTICELLO-0882
Brief Tax Description SECT -11 TWP-121 RANGE -025 A C RIGGS'ADDN LOWER MONTI LOT -005 BLOCK-OOG LTS 5&6 BLK G BLOCK-OOG
LTS 5&6 BLK G
(Note: Not to be used on legal documents)
Date created: 5/9/2023
Last Data Uploaded: 5/9/2023 7:34:02 AM
Developed by(&j Schneider
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Overview
Legend
Roads
— CSAHCL
— CTYCL
-- MUNICL
— PRIVATECL
— TWPCL
Highways
Interstate
State Hwy
US Hwy
City/Township Limits
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Parcel ID 155019008010 Alternate ID n/a Owner Address 505 WALNUTST
Sec/Twp/Rng 11-121-025 Class 958 - 5E MUNICIPAL -PUBLIC SERVICE -OTHER MONTICELLO, MN 55362
Property Address 300 4TH ST E Acreage n/a
MONTICELLO
District (1101) CITY OF MONTICELLO-0882
Brief Tax Description SECT -11 TWP-121 RANGE -025 A C RIGGS'ADDN LOWER MONTI LOT -001 BLOCK -OOH ALSO LOT 10 BLOCK -OOH
ALSO LOT 10
(Note: Not to be used on legal documents)
Date created: 5/9/2023
Last Data Uploaded: 5/9/2023 7:34:02 AM
Developed by" Schnei&r
GEOSPATIAL.
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(N.Beacon Wright County, MN
Overview
Date created: 5/10/2023
Last Data Uploaded: 5/10/2023 7:16:31 AM
Legend
Roads
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MUNICL
PRIVATECL
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