HRA Agenda 07-02-2003
.
1.
2.
"
-, .
4.
5.
. 6.
.
AGENDA
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
Wednesday, July 2, 2003 - 6:00 p.m.
505 Walnut Street - Bridge Room
Comm issioners:
Chair Steve Andrews, Vice Chair Bill Fair, Darrin Lahr, Dan Frie, and Brad
Barger.
Council Liaison:
Roger Carlson.
Staff: Rick Wolfsteller, Ollie Koropchak, and Lori Kraemer.
Guest: Doug I-larmon, Vice President and CFO, Twin City Die Castings
Call to Order.
Consideration to approve the June 4,2003 HRA minutes.
Consideration of adding or removing items from the agenda.
Consent Agenda.
Public Hearing - Consideration to approve extending the Compliance Date within the Contract
for Private Development by and between the I-IRA, City, and Twin City Die Castings.
Continued - Consideration to hear updates:
A. Phase I, II, and III design concept for a portion of Block 52.
B. Redevelopment of a portion of Block 51.
C. Redevelopnlent of Block 36, Phase II.
D. Redevelopment of a portion of Block 37 (request for TI F assistance).
7. Consideration to authorize payment of HRA bills.
8. Consideration of Executive Director's Report.
9. Committee Reports.
10. Other Business.
11. Adjournment.
.
.
.
MINUTES
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
Wednesday, .June 4, 2003 - 6:()0 p.m.
505 \Valnut Street - Bridge Room
C omm issioners:
Chair Steve Andrews, Vice Chair Bill Fair, Darrin Lahr. Dan Frie, and
Brad Barger.
Council Liaison:
Roger Carlson.
StatT:
Rick Wolfsteller. Ollie Koropchak. and Lori Kraemer.
GUESTS:
Chuck Van I IceL .lAC Development and Mike Heimer
Barry Fluth. Master's Fifth Avenue, Inc.
Fred Kalter. Pineapple Management Company
I. Call to Order.
Chair Andrevvs called the meeting to order at 6:05 pm and declared a quorum.
7
Consideration to approve the Mav 7. 2003 liRA minutes.
A MOTION WAS MADl:: BY DARRIN LAHR TO APPROVE THE MINUTES OF
THE MA Y 7.2003 MEETING. DAN FRIE SECONDED TilE MOTION. MOTION
CARRIED UNANIMOUSLY.
"
j.
Consideration of adding or rcmovin!! items from the agenda.
Koropchak asked the HRA if they would prefer to change the July 2nd meeting to anothcr
date due to the 4th of July holiday. It vvas the consensus to keep the meeting on July 2.
2003.
4. Consent A!!enda.
A Consideration to call for a public hearinl!. date to extend the Compliance Date
within the Contract for Private Development between the HRA. Citv. and TCOC.
Recommendation: Call for a public hearing date of July 2. 2003. to consider
extending the Compliance Date within the Contract for Private Development
between the BRA. City, and TCOC. with all Authority costs associated with the
extension and public hearing notice at the expense of the Developer.
B.
Consideration to amend the construction completion clate within the Contract for
Private Develol1ment between the I-IRA. Citv. and TelTance & Marv Tomann
Familv Limited Partnership.
Recommendation: Approve amending the construction completion date from
July 1. 2003, to September 1. 2003. within the Contract for Private Development
between the lIRA. City and Terrance & Mary Tomann Falnily Limited
Partnership.
.
.
.
IIR;\ i\lil1ules - 06/04/03
A MOTION WAS MADE BY BILL FAIR TO APPROVE THE CONSFNT AGENDA
AS WRITTEN. DAN FRIE SLTONDED THE M(}rION. rvlOTION CARRIED
UNANIIvIOUSL Y.
5.
Continued - Consideration to approve the Second l\mendment to Contract for Private
Redevelopment between the HRA and .lAC Development LLC. the Assiunment of
Contract f()\' Private Development between .lAC Development LLC and Production
StampinQ. Inc.. and the Amendment to the Loan Agrcement between the liRA and the
Citv.
Ollic Koropchak. Executive Director. provided a brief summary regarding TIF Dist. 1 ~23.
stating initially this \Vas pay as you go. but later assigned and amended. and changed to
up-front assistance. The initial contract has been amended and assigned several times.
Koropchak also advised that Chuck Van Heel. representing .lAC Developmcnt LLC had
agreed to and executed the terms and conditions previously negotiated. IH)\vever ivIr. Van
lIeel had requested to address the liRA prior to any action taken. Koropchak introduced
Mr. Van Heel and Mike Heimer. real estate broker.
Chuck Van lice! addressed the HRA advising of questions that he had regardingTIF and
ho\V it \vorks. as \vell as \vhat are cri leria fl.)\' qual i t~i ng fl.)!" TI F assistancl'. 1112 further
stated that he feels the property' has decreased in value. Van l-Iee! also noted they haw 13
acres on E. 7'h Strel't which they were thinking of pulling off the markl't and putting the
project on hold. due to conn icts on their part and an error vvhich had cost them additional
money' .
Koropchak clarified that the tax deficiencies were crcated by property tax reforms enacted
in 2001. which reduced the tax increment collected from comlnercial property throughout
Minnesota. further stating it is the same for all properties who receive TIF assistance.
She advised that this is done at the state level. not local. Koropchak clarified also that the
HRA would he collecting on the 199R tax rate. Van Heel felt that the city would be able
to recover those monies at some point. He also stated that it had cost them $25.000 per
lnonth to hold their building empty and were anxious to sell. Van Heel felt that they \\ere
competing with the city in regard to benefits ofTIF versus building new.
There was discussion by the HRA that in 3 other cases of tax deficiency. the I IRA had
held to their agreement. Koropchak advised that their policy has been to collect the
deficiency at the time of sale. Van Heel felt that the city is still collecting the taxes and
Bill Fair advised that they are collecting taxes on money that the city has already
expended. He also advised of the f~lCt that this money then goes to the school district.
hospital district. etc.. and not for city taxes.
Van Heel advised that the value of the building went down. however Rick Wolf'ileller
didn't think TIF \vould have changed the value. They also discussed the different
expenditures forTIF. Koropchak advised Van Heel that hisl3 acre parcel could qualit~
as manubcturing and \\ould not as reckvelopment. She further explained the "but for"
:2
.
.
.
II R;\ !'vI i illites - 06/04/03
concept as well. Fair felt thc liRA should not de\iate from their policy.
A MOTION WAS MADE BY BILL FAIR TO APPROVE THE SECOND
AMENDfVIENT TO CONTRACT FOR PRIVATE REDEVEL(WMENT BETWEEN
TilE HRA AND .lAC DEVELOPlvIENT LLC. THE ASSIGNMENT OF CONTRACT
FOR PRIVATE DEVELOPMENT BETWEEN JAC DEVELOPMENT LLC AND
PRODUCTION STAMPING. iNC.. AND THE AMENDMENT TO THE LOAN
AGREEMENT BETWEEN THE CITY AND l-IRA. BRAD BARGER SECONDED
THE MeJrION. M<YTION CARRIED UNANIMOUSLY.
6.
Continued - Consideration to hear updates:
A. Phase L II. and 1II design concept t()r a portion of Block 52.
Fred Kattcr \vas present and updated the lIRA on their project. stating that they nO\v have
negotiations with 2 scperate co-developers. bnth arc viable. but thcy are not finished
putting a deal together and it may take another 2 to 3 weeks of negotiations. lie added
that he has a strong preference toward one. lie stated one developer wuuld hring in a
tenant immediately. the nther may not. but has experience within the area. Katter assured
the I-IRA that they \vould have something together soon and he on target with their dates.
Lahr asked if there were any parking use di ffcrences with eithcr of the developers and
Katter stated there vvere not and they arc still looking at 3.5 to ..j. cars per thousand sq uare
feet for retail. He also noted they have met with t\\O of the key property owners. but
wants to \vait until they have the co-developer on board. Katter thanked the I-lRA t()r
their patience.
H. Redevelopll1ent of a portion of Block 51.
Kornpchak advised that she had called alll)f the dcyelopers and invited them to the
meeting. She did not hear anything from Pat Sawatzke.
C. Redevelopment of Block 36. Phase II.
Barry F1uth was present and advised the (IRA that they have a purchase agreement with
one of the properties and are still working \vith the other two owners. He stated things
are going well and ifsjust a matter ot"time. Koropchak advised that the I-IRA has to
expend the dollars. therefore he has to incur the expenses so that the HRA can pay hack
those eligible costs. Fluth didn't fecI that \vmlld be a problem as it is lor purchasing of
propcrty and demolition. He further stated they are still working on defining the product
f()r that site. \vhich \vill be "101' sale-- properties.
D. Redevelopment ofa portion of Block 37 (request f()r TIF assistance).
Koropchak advised that she had left a message for Tom Holthaus hut had not heard back.
3
.
.
.
II R,\ 1\1 illUtcS - 06/04i03
7.
Consideration to apIJrove issuance of the Certi ticate ur ComlJletion for Landmark
Square/Carria!.!.e !-louse and to authorize pavment of the Parkinl! Improvement Costs.
Koropchak gave a brief summary of the request t()r payment and Barry Fluth advised that
he had additional documentation of the costs and provided this information to the HRA.
He further advised that these costs were for the additional parking area behind the other 5
lots. He advised of the original contract being amended to include 5 lots versus 3. and the
parking cost is tar only the 5 lots.
Koropchak advised that hy the redevelopment contract. the developer needs to get the
certiticate of completion hefore the payment of the up-front parking improvement costs.
She advised that the landscaping is pretty much complete. but there are some decorative
items. repairs to parking elevations. and siding repairs that arc not yet complete.
Therefore. the question is if the certificate of completion should he issued. She also
advised that the southerly sick of the parking lot has a temporary curh \vhich the city
allowed, assuming rluth would proceed with Phase II. She further advised there is no
money in escrow to cOl11plete Phase II and that Building Ofticial Fred Patch estimated the
cost to complete those itcms to be appro'\. $7,500. Fluth advised he has a bituminous
curb for no\v. and whcn Phase II moves t()I'\vard they would remove it.
Koropchak the l-IRA pay Fluth the money for the parking improvement costs. but to also
hold some money in cscrow for Phase II. Bill Fair suggested they authorize payment \vith
contingencies so that the project dues not get held up. It vvas further stated that the
eSC1'(m could be rc1urned when a contract is signed for Phase II. It \vas also noted that
there is some ponding in the parking lot occurring when there is a heavy rain, hut that is
being corrected ne'\t week.
Decision 1:
A MOTION WAS MADE BY DARRIN LAI-IR TO APPROVE ISSUANCE OF THE
CERTIFICATE OF COMPLETION FOR LANDMARK SQUARE AND THE
CARRIAGE HOUSE, SUBJECT TO THE DEVELOPER PROVIDING $7.500 IN
ESCROW FOR_ PENDINCr FUTURE INSTALLA.TION OF PER~IANENT
CURI3ING/GUTTER. AND COMPLETION OF THE FOLLOWING:
I. DECORATIVE PIECLS AND SIDING REPAIR TO THE CARRIAGE IIOUSE.
I REPAIRS TO THE PA VLMENT ELEV ATIONS MATCHING (iRADE.
DAN FRlE SECONDED THE MOTION. ivlOTION CARRIED UNANIIvlOUSLY.
Decision 2:
A MOTION WAS MADE BY BRAD BARGER TO AUTI-IORIZE P:\ Yi'vlENT OF Tl-IE
LAND ACQUISITION AND DEfVIOLlTION COSTS AND PARKING
IrvlPROVEMFNT COSTS IN TI-II': Al'vIOl iNT OF AT LEAST $57,000. AND liP TO
4
.
.
.
HRA Minutes - OhlO-1-/03
$75.000 SUBJECT TO TIlE ADDITIONAL EVIDENCE SUBiVlITTED BY BARRY
FLUTH AS DETERiVlINED BY BUILDING OFFICIAL FRED PATCII. AND
ACJREED UPON. RECEIPT OF $7.S00 IN ESCROW. DAN FRIE SECONDED THE
MOfION. MOTION CARRIED UNANIMOLJSL Y.
s.
Consideration to authorize pavl11ent of !-IRA bills.
A MOTION WAS MADE BY STEVE ANDREWS TO AUTHORIZE PA YiVlENT OF
THE liRA BILLS. DAN FRIE SECONDED TI[E MOTION. f'vlOTION CARRIED
UNANIMOUSI.Y.
9. Consideration of Executive Director's Report.
Koropchak provided the report and also asked Dan Frie to update the 1-1 RA on the May
20lh meeting they had with Jeff (YNeill and Dick Van Allen. Frie advised that the group
discussed their interest in the city acquiring \and for future industrial development. He
stated that they had looked at appro:\imately 400 acres olT Orchard Road I'(.)r a future
industrial park which is the current Osowski land. They also advised of land referred to
as Paumen's near Silver Springs Golf Course. It was noted that the Osovvski property had
trees and ponds and would he a niee residential area: the Paulllen land \vould be a good
spot t'()r an industrial park.
10.
Committee Reports. ("here were no reports.
11. Other Business. None.
12. Adiourn
A MOTION WAS MADE BY DAN FRIE TO ADJOURN THE l\!EETING AT 8:50
P.M. DARRIN LAHR SECONDED THE MOTION. MOTION CARRIED
lINANIMOUSI. Y.
a'4 \
./ .-, I... -. .~rnjjV_
C' rder
I--IRA Chair
)
.
.
.
BRA Agenda - 7/2/03
5.
Public Hearing - Consideration to adopt a resolution extending the Compliance
Date within the Contract for Private Development between the HRA. Citv. and
Twin City Die Castill!.!s.
A. Reference and Background:
Pcr the request of Doug Harmon, Twin City Dic Casti ngs, thc I IRA callcd for a public
hearing to extend the Compliance Date within thc Contract for Privatc Dcvclopment
bctwccn the HRA, City, and TCDC associated with TIF District No. 1-26. Thc
"Compliancc Date" for creation of the job and wage goal means two years after thc datc
of issuance of the certificatc of completion for Phase 1. A Temporary Certificate of
Occupancy was issued hy thc Building Official on March 2 L 2001, and the final
Certificatc of Occupancy issued on July 26, 2001. The Certificate of Completion was
approvcd by the HRA on April 4, 2001 and amended to July 26, 200 I, for consistcncy
with thc final certificate of occupancy. The request is to extend the Compliance Datc
from July 26, 2003, to July 26, 2004.
As ofthc March 14,2003, Minnesota Business Assistance Form, TCDC reported 6 full-
time jobs with wagcs at or greater than $8.50 per hour wlo benefits and 28 full-time johs
with wages at or greater than $12.00 pcr hour wlo benefits for a total of 34 full-time jobs.
Totaljohs committcd at least 85 (See next page.) Because the City loan to TCDC was
Fcdcral money, that agreement also includes a low to moderate income requirement. Thc
Dcpartment of TED has provided a more detailed and current status of acceptahlc jobs
and wagcs, this to determine action necessary for the Loan Agreement between thc City
and TCDC (Sce attached letter.) TCDC did pre-pay the EDA loan on May 30, 2003,
because the interest rate was 6.25% and thcrc is no prc-paymcnt pcnalty. Thcrc is no
contractual obligation between the HRA, EDA, and City agreements, as each entity
entered into a scparatc business subsidy agreement.
Mr. Harmon was asked to prepare a plan outlining TCDC' s strategy for creation of thc 51
remaining jobs within onc ycar. Mr. I Iarmon may rcqucst thc I IRA to amcnd thc
Contract downsizing thc numbcr of jobs in exchange for a higher wagc Icvcl. According
to Kennedy & Gravcn, thc I IRA could amend the job and wagc goal rcquircmcnt within
the Contract. However, K&G suggcst that thc Dcvelopcr agrcc to waive the HRA/City of
liability as there is no provision within the Business Subsidy Law which addresses
modification of job and wage goals. K&G has amended the job and wage goals for other
clients. This should not effect thc Grccn Acrcs Wagc Requirement of at least 90% of thc
jobs located on thc Dcvclopment Property to pay a rate equal to or grcatcr than 160% of
thc fcdcral minimum wage ($5.25) (greater than $8.40) for individuals over the age of20.
Please request Mr. Harmon to prcscnt his plan.
HRA Agenda - 7/2/03
.
Also attached is a summary of the remedies for default of job and wage goals as prepared
by the Executive Direetor on May 13,2003.
PUBLIC HEARING
The public hearing notice appeared in the Monticello Times on June 19 and 26,2003,
meeting Statutory requirements. Please open the public hearing for eomment or
questions.
Per the Contract for Private Development dated October 25, 1999, ARTICLE III, Section
3.6 Business Subsidv Agreement. (b) Job and Wage Goals, the BRA can extend the
Compliance Date by up to one year:
.
Within two years ({fter the date qlissuance (?lthe certificate olcompletion qfPhase 1 (the
"C'ompliance Date ''). the Developer shall cause to be created at least 85 nnvfiill-time
jobs on the Development Property (excluding any jobs previousfy existing in the State as
olthe date olthis Agreement and relocated to this .'i'ife) and shall cause the wagesfc)r
such employees on the Development Property to be asf()llows: at least 14iobs pay no
less than $12 00 per hour, exclusive qf'benefits. and at least 7ljohs pay no less than
$8.50 per hour. exchlsive of'benefits. Not}vithstanding anything to the contrary herein, if
the wag-e andjob g-oals described in this paragraph are met hy the ('ompliance Date,
those g-oals are deemed sati.\fied de.spite the Developer's continuing- obligations under
Sections 3.6 (a)(6) and 3.5 (d). The Authority may after a public hearing. extend the
Compliance Date by up to one year, provided that nothing- in this section "vill he
construed to limit the Authority's leg-islative discretion regarding this matter.
Assuming there is no public comment or questions, close the public hearing and open up
the discussion among the HRA commissioners prior to eonsideration oflhe following
alternatives.
CONSIDERATION TO ADOPT A RESOLUTION.
B. Alternative Action:
FIRST McrrloN
1.
A motion to adopt a resolution extending the Complianee Date within the
Contract f()r Private Development between the ERA, City, and TCDC from July
26, 2003, to July 26, 2004.
.
2
H RA Agenda - 7/2/03
.
2.
A motion to deny adoption of the resolution extending the Compliance Date
within the Contract .........
SECOND MOTION
1. A motion to adopt a resolution amending the job and wage goal requirement
within Contract for Private Development by and between the HRA, the City, and
TCDC from 14 jobs (it! least $12.00 per hour to jobs (i-~ least
per hour and 71 jobs (~y least $8.50 per hour to jobs @! least
pcr hour.
2. A motion to deny adoption of a resolution amcnding thc job and wage goal
requirement within thc Contract for Private Development.
C. Reeommendation:
FIRS'I' MOTION
.
As the Contract allows for a one year extension following a public hearing and Kennedy
& Graven have no problems, the City Administrator and Executive Director recommend
alternative no. 1.
SECOND MOTION
Without a written request or information from the Developer, no recommendation for thc
second motion is given. According to Kennedy & Graven: Given the economy and hit
on manufacturers, othcr IIRAs or Citics have amended the job and wage requirements
with an agreement from the Developer to waivc the liRA/City of any liability to a
possible challenge of the Business Subsidy Law.
D. Supportill!! Data:
Excerpt from Contract, public hearing notice, March 14 MN Business Assistance Form,
letter from MN Dept of TED, Summary of Remedies, copy of resolution.
.
3
//
./
~,1/
/
/
.
.
.~~~
./
..
4'
(8) In addition to the assistance provided under this Agreement, the Developer
expects to receive the following assistance in connection with the Minimum Improvements:
(a) a loan from the Monticello Economic Development Authority ("ED A") in the amount of
$100,000; and (b) a loan from the City (through the State Department of Trade and
Economic Development) in the amount of $400,000 to $500,000. However, nothing in this
paragraph constitutes a contractual obligation by the Authority, the City or the EDA with
respect to such assistance. The parties anticipate that the Developer will enter into separate
business subsidy agreements with the City and EDA in connection with such additional
assistance.
(b) Job and Wage Goals. Within two years after the date of issuance of the certificate of
completion of Phase I (the "Compliance Date"), the Developer shall cause to be created at least 85
new full-time equivalent jobs on the Development Property (excluding any jobs previously existing
in the State ~ of the date of this Agreement and relocated to this site) and shall cause the wages for
such employees on the Development Property to be as follows: at least 14 jobs pay no less than
$12.00 per hour, exclusive of benefits, and at least 71 jobs pay no less than $8.50 per hour,
exclusive of benefits. Notwithstanding anything to the contrary herein, if the wage and job goals
described in this paragraph are met by the Compliance Date, those goals are deemed satisfied
despite the Developer's continuing obligations under Sections 3.6(a)(6) and 3.6(d). The Authority
may, after a public hearing, extend the Compliance Date by up to one year, provided that nothing in
this section will be construed to limit the Authority's legislative discretion regarding this matter.
I'
(c) Remedies. If the Developer fails to meet the goals described in Section 3.6(a)(3), the
Developer shall repay 0) to the Authority upon written demand from the Authority a "pro rata
share" of the amount of any payments made to the Developer under Section 3.5 hereof, (2) to the
City upon written demand from the City a pro rata share of the amount of any fee waivers granted
under Section 3.8, and (3) to the Authority and City, respectively, interest on the amounts in clauses
(1) and (2) at the implicit price deflator as det1ned in Minnesota Statutes, Section 275.50, subd. 2,
accrued from the date of issuance of the certificate of completion to the date of payment. The term
"pro rata share" means percentages calculated as follows:
(i) if the failure relates to the number of jobs, the jobs required less the jobs created,
divided by the jobs required;
(ii) if the failure rehites to wages, the number of jobs required less the number of
jobs that meet the required wages, divided by the number of jobs required;
I}.V
,-'"> .....
'Y"' ".
..,.
(iii) if the failure relates to maintenance of the Minimum Improvements in
accordance with Section 3.6(a)(6), 60 less the number of months of operation as a
mmlUfacturing facility (where any month in which the facility is in operation for at lea';;t 15
days constitutes a month of operation), commencing on the date of the certificate of
completion and ending with the date the facility ceases operation as determined by the
Authority Repres~ntative, divided by 60; and
(iv) if more than one of clauses (i) through (iii) apply, the sum of the applicable
percentages, not to exceed 100%. _'-....--J::) F\
SJB-Iti9036
MNI9().79
10
;") D ;; 7 9 8
Monticello (Minn.) TImes-Thursday, June 19, 2003--Page 13
NOTICE OF pUBLIC HEARING
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MONTICELLO
COUNTY OF WRIGHT
STATE OF MINNESOTA
NOl1CE IS HEREBY GIVEN ",at me H-'og """ """",",,,,,me'" ^""""ay '0 ",d
tor"'" e'ly of M"",'o~lo, ConnlY of Wright. State of M,,,e'ota. w'" hOld a p-
_riog on Wedne"''''. Jul, 2, 2003. at a""",,'m""" · p.m. '0 me Bridge RoOm at
the M""';oollo CommunitY ~r, 505 Walout s_t. Monti",IIO, M'Ooesota, relall'"
to e"'''"'''''' "'" Complla"'" Oate wlth'o the Coo- for pri""te QeV~opment by
""" betWe'" Twio Cay Die eastl""'. me HoU>'''' and "",,",,~opme'" Authority 10
""" tor me cay ot Mo"""'"o, and "'" C'IY of Monti",IIO. <lat'" oct. 25. 1999, and ..
amended.
All ,_""ed pers<>"" "'" awear at "'" _r'''' and pre"'''' their ~eW' orall' or
prior to the meeting in writing.
ORDERED BY THE HOUSING AND
REDEVELOPMENT AUTHORITY IN
AND FOR THE CITY OF MONTICELLO,
MINNESOTA
-Ollie Koropchak, Executive Director
(June 19, 26, 2003)
PUBLIC NOTICE
Au Eo~ronmeotal "".,.ment Wo""'''''' (EAWI h'" beeO prePared and ",tr,b-
uted tor . ,,,",, .nd g,..el mini'" project '0 section 26. Tow""h'P 121, Range 25
(Monticello TownshiP). the proposer is Duininck Bros Inc.
The """atiOo ,oct- ,",ppl"". ",o..atlon. """"",, and stocl<pllln9 ot aggre-
gate. A b,,"mll'on' pl.", will al'" be ""'" 00 a _pore" .,.,;s. The "'" h'" not
been pre"""'" mloed """ will be _,""" upon _,"",,00 of mIning. The EAW
e_"'" all _otial area' of m'nI"" withio the pennlrted bOUndarieS of "'" ,he.
eopIeS of the EAW ate ..a'lable f" """"" duri'" regular bUS'""" """'" at "'"
Wri'" eounIY Pia"''''' & zonI"" Offi"', at"'" great Hi'" Ubi"", 405 St. ",,",",10.,
St. (;loUd, MN 5fl301.3697. al"'" Buffalo public Ubla", 16 Lake BoUle'''''' NW.
Buffalo, MN 55313 """ at "'" Mon"oeIlo publlo Ubi''', 220 Weat .m St_
Monticello, MN 55362.
cornme"" portalni'" to"'" EAW are be"'" an""""" .nd ,""uld be ",,,,,,,,,",, 10
"""'''' too Wri'" eounIY Plann'"" & ZOO''''', 10 2<<1 """'" NW Ronm 140, Buffalo,
MN 55313-1185. The comment period ends on July 23, 2003.
_Chuck Davis, Wright County Environmental Health Officer
(June 19, 2003)
r
i
,
)
\
.
,
FIRE REGULATIONS
3fl code 1
2
Blasting Agents 3
~ 4
he City code is hereby amended to read as folloWS:
CHAPTER 1
~ FIRE CODE 1
:;ode
~\~1~~~';~f:i~~~a;;~1~-
~~~ :":::,::
:9""~~ ;::::;:: :::::'::,:
FIRE} CODE: The Minnesota ~ ~ Fire code ~ '
all amendments thereto, one copy of which has been marked as
lnd which is on file in the office of the City Clerk, is hereby adopted
)r the City for the purpose of prescribing regulations governing con-
s to life and property from fire or explosion. Every provision con-
,de, except as modified or amended by this ordinance, is hereby
,de a part of this ordinance as if fully set forth herein.
EMENT:
of the Fire Department serving the City or ~ ~ representative
iff! ~shall enforce the provisions of this ordinance. .
If of the Fire Department may detail such members of the Fire
,,,,,_IS .. ......1 from time to time be no-' The Chief of "'"
,t may recommend the employment of technical inspectors who, when
,1100 Is made, ",all be _cted _ an -- to _Ino
Ir the position. The examination shall be open to members and non-
~ Rre ~t. and ..poO""'- me<Je a1t'" -- ......, be
te term with removal only for cause. .
conflicting ordinances
IT\ONS:
""", woro "iUrisdlction" I' u'"" 10 the M1- - S1o\O Rre
be held to mean the City of Monticello.
or the _ .eoqoorattoo eou"""" Is ""'" 10 the M'noesota u,,;tom> Rre
,\ be held to mean the attorney for the City of Monticello.
i"~ffi~'t:~~~::~'
~~~~~~~7:~:~
~~~~~~-t~:~;;;;~~~
~;!~~~~:~~~~
. ~ . .:..~~r~~f;t~~;;~::~~?:a
;'
\
\
9, 2003-Page 7
\
.~
~
I,m" C .,(""" ,,,,ti,,, I.. "" " OM, "t """"t" .,~ ",.ri"'"
lawyers tllrougnoulllle U.S. to lIelp people across tile country.
. James E. Rolshouse, Attorney
5.~
...{ 1
. .1
- - ......
.
i
SectIOn 4 Gaa s and Public Purpo.$e Identified in the Agreement
28. Minn. Sdc. ~ 1161.994 requires that business subsidy and financial assistance agreements state a public purpose, Which
of the follOWing public purposes were stated in the agreement? (Mark all that apply.)
D Enhancing economic diversity
:ii Creating high-quality job growth
'0 Job retentIOn
Q Stabilizing the community
Jalncreasing ta."\; base (cannot be only purpose)
D Other (please specifY)
D Other (please specifY)
D Other (please specifY)
29. Indicate whether the agreement included the following types of goals, and whether the recipient had attained those goals
at the time of this report. (Fill in the boxes and attainment daters) for each goa1.)
A) Specific wage and job goals to be attained within 2 years
B) Other job-creation and/or retenrion goals
C) Other wage goals
D) Other goals other than wage and job goals
Goals
established?
~s DNo
DYes D No
DYes DNo
DYes DNo
Target attainment
dates (month & year)
Seot. 1. 2002
All goals
attained?
DYes ONo
DYes 0 No
DYes ClNo
DYes CI No
(Please attach descriptions of goals and progress toward
o.Jwmment if nat documented in Question 10.)
30. For each of the following wage categories, indicate the job crearion and/or retenrion goa.ls stated in the
agreement and the average hourly value of any employer-provided health insurance goals for those jobs. (Onlv indicate
job creation goals In full-time equivalents if you are unable to separate goals by full- and part-time positions.)
Full*time Put-time! FTE (onlv if goals not
HOllrly Wage Job S<!2S0nalfTemp. stated ;l.S FT/P1) Job HOllrly V;l.!lle of
(exelllding benefits) Creation Job Creation Job Creation Retention Health Insllr2nce
no hourly wage-Ievc:l goal ~ - - - s -
~~"Q.9{ ~ - ~ - s -
. 4L..wa.5ji $ 8 . 50 71 s
- - - - -
~ ~ - ~ - s -
s'1-~oLEASl1~$12.00 14 s
- - - - -
:., 'ij -, , l~ ~ - ~ - s -
('11:' 1"\1'1 , . '. er s
31. For each of the follOWing wage c:J..tegories, indicate the number of actual jobs created and/or retained since the benefit
date and the actual hourly value of any employer-provided health insurance for those jobs. (Onlv indicate job creation in
full-ttme equivalents if you are unable (Q separate job creation into full- and part-time positions.)
FilII-time Put-time! FTE (onlv if unable to
HOllrly Wage Job SQSOnallTemp. !eparate FTfPT) Job HOllrly Vallie of
(e;ccfudill~ beoelit:ll Creation Job Creation Job Creatioo Retention Health InSllraoce
a~ - - - - s -
~'( --- - - - s -
AT LEAST $8.50 J s....: 7 l/J/v-
sa .. . . _ 9 ~ - -
&X~"'9~X - - - - s --
AT Least $12.00 -2B- s~ 7 tjttr
- 4) - - -
T ... .,,~.,\'-. - - - - s -
.
32. Has the recipient achieved all Q:oals (see Questions 29, 30 and 31) and fulfilled all obligations stipulated in the agreement?
(Mark one)
DYes &I No
200. Minneso~a BUSIness Assis[;U)ce Form
P;l.ge 3 of ~
Oep:tnmcnt of Trade and Economic Development
5G
.
.
.
June 24, 2003
I
Ms. Ollie Koropehak
Economic development Director
City Hall
505 Walnut Street, Suite 1
Monticello, MN 55362-8822
RE: Economic Development Set-Aside Grant
City of Monticello/Twin City Die Casting Company
Dear Ollie:
This is written to address the information that you recently submitted
regarding the jobs created by Twin City Die Casting Company.
If the company and the city choose to request a one-year extension. a
progress repoli must be submitted for the period ending July 3 I, 2003 and
July 31, 2004. At the end of the one-year extension, we would evaluate
the number of jobs, the number of low and moderate-income jobs as well
as the wages paid to the employees. If the company has less than the 85
jobs committed to and meets the 51 % lmi requirement a pro rata share of
the grant funds must be returned. If aU of the jobs are created, but less
than 5] % of the persons taking the jobs are lmi, then all of the grant funds
must be returned.
If, at this time, Twin City chooses to repay the balance of the loan, the city
must submit a final progress report retlecting the creation of 19.5 jobs of
which 10 were taken by persons that meet the lmi criteria. The city would
be able to keep $263,500* of the principle payments made and all of the
interest accumulated on the loan. The remaining $236,500 would be
returned to this department.
Do not hesitate to call me if you have questions regarding this letter.
Sincerely,
Carol Pressley-Olson
Senior Loan Officer
* Based on $6,000/job that pays a base wage greater than $8/hour,
$1 O,OOO/job that pays a minimum of $1 O/hour and $15,OOO/job that pays a
minimum of $12/hoLlr.
5b
.
.
.
I
Twin City Die Castings
Request for Prepayment
May 13, 2003
'\Y\~ ,,?o, ~ 003
GMEF Loan No. 017 $100,000 6.25~) ~.M.." ~~
Create 85 full time jobs (37.5 hours per week) by July 26,2003.
Green Acrcs: No less than 90% of jobs must have wages greater than] 6()</,o of Federal minimum
wage t()r those 20 years and older. ($5.25 X 160% = $8.40 per hour excluding benefits) (77 jobs
:> $8.40).
(8 jobs:> $12.00)
Reported March 2003, 34 full time permanent jobs - 28 jobs> $12.00
Met wage requirements. 51 additional jobs needed.
6 .jobs > $8.40.
Rcnledies:
]. If not - Borrower pay outstanding principal and accrued interest.
2. If implicit price detlator exceeds 6.25% as defined in MN Section 275.50, Subdivision 2.
Borrovver shall additionally pay to lendcr the difference between the prcscnt valLie of the interest
actually accrucd on the Loan as of thc date of such payment and thc amoLlnt of interest that
would have accrued on the Loan if the interest rate on the Loan at all times had been cqual to the
implicit price detlator on the date of the Event of Default causing Lender to accelerate the Loan.
Repealed 1989.
Outstanding principal, May 1,2003 = $64,003.67 + $11.1116 per day interest through May
31,2003.
Through Dee 2002 interest = $13,255.30
City/TCDC Loan $500,000 4%
Create 85 fLlII time permanent jobs: 71 :> $8.50 & 14:> $12.00 & 43 jobs must meet LMI or 51 %
. .
of jobs created.
Reported August 2002,40 full time permanent jobs - Met wage requirement. 16.5 .iobs met
LMI rC<luirements, 21 jobs needed to comply with LMI requirement. Need an additional
45 jobs and 26.5 LMI.
Outstanding principal, May 1,2003 = $376,812.17 + $41.868 per day interest through May
31, 2003.
Through Dec 2002 intercst $43,608.62
5E
City/State Grant Agreement:
.
,
1. 85 jobs divided by $500,000 = $5,882.35 per job X 40 = $235,294 plus interest City retains.
City pays to State $264,706.
2. If LMI requirement not met, City pays State entire $500,000.
Green Acres (sanle as GMEF) and 71 jobs:> $8.50 and 14 jobs:> $12.00
Reported March 2003 - same as GMEF.
"'-L<:L. "J,.f1o"':3-
~ "1.",. -:I... \ - ~ "ll..
C~. ';lOCI \.(\
1. The Authority may, after a public hearing, extend to Compliance Date by up to one year. )
2. The Developer shall repay to the Authority a "pro rata share" of the amount of any payents
made to the Developer and to the City a pro rata share of the amount of any fee waivers granted.
3. To Authority and City, interest on the amounts in clauses 1 and 2 at the implieit price deflator
from the date of issuance of the C of C to date of payment.
.
Pro rata share means: if failure relates to numberofjobs: the jobs required 85 less the jobs
created 34 "" 51, divided by the jobs required 85 = .6
To I-IRA - February 1,2003 - $36,935.48 X.6 = $22,161.28
To City - $40,000 X .6 = $24,000.
.
.
.
.
RESOLlJTION NO.
MONTICELLO HOlJSING AND REDEVELOPMENT AUTHORITY
RESOLUTION EXTENDING THE COMPLIANCE DATE WITHIN THE CONTRACT
FOR PRIVATE DEVELOPMI~NT
BY AND BETWEEN
TWIN CITY DIE CASTINGS COMPANY,
HOlJSING ANn REDEVELOPMENT AUTHORITY IN AND FOR THE CITY
OF MONTICELLO AND
CITY OF MONTICELLO
WHEREAS, the llousing and Redevelopment Authority (the "Authority") in and for the City
of Monticello, the City of Monticello (the "City"), and Twin City Die Castings Company (the
"Developer") entered into the Contract for Private Development (the "Agreement") by and
between Twin City Die Castings Company and Housing and Redevelopment Authority in and for
the City of Monticello and City of Monticello on October 25, 1999; and
WHEREAS, the Authority on April 4. 2001, approved the Certificate of Completion based on
the issuance of a Temporary Certificate of Occupancy by the Building Official, and
WHEREAS, the Authority agreed to amend the date of the Certificate of Completion from
April 4, 2001, to July 26, 2001, the date of issuance of the Final Certificate of Occupancy, and
WHEREAS, the Authority called for a public hearing date of July 2, 2003, for consideration
to extend the Compliance Date within the Agreement; and
WHEREAS, to prevent default of the Agreement, the Developer requests ARTICLE III.
Acquisition of PrODertv: Site Improvements, Financial Assistance, Section 3.6. Business Subsidy
Agreement, (b) Job and Wage Goals be amended following the public hearing to read: Up to one
year from the two years after the date of issuance of the certificate of completion of Phase I (the
"Compliance Date"), the Developer shall cause to be created at least 85 new full-time equivalent
jobs ............. .
NOW, THEREFORE, BE IT RESOLVED by the Authority, the City, and the Developer as
follows:
1. The Developer, Authority, and City understood amending the completion construction date
from June 1,2000, to April 1,2001, may have altered the Projected Tax Increment Cash Flow.
~
Sf
l
.
.
.
Resolution No.
~
Page 2
2. 'T'he Developer acknowledges that due to a sluggish economy and the competitiveness of
the European and Chinese markets, the Developer used a temporary work force causing a non-
compliance of the job and vvage goals by July 26, 2003.
3. The Developer has prepared and presented a strategic plan for compliance of the job and
wage goals per the AgreelTlent and acceptable to the Authority.
4. 'fhe Developer and Authority understand per the Agreement, the Authority may, after a
public hearing, extend the Compliance Date by up to one year, provided that nothing in this
section wi II be construed to limit the Authority's legislativc discrction regarding this matter.
The Authority, the City, and the Developer hereby approve extending the "Compliance Date"
for the creation of job and wage goals from July 26, 2003, to July 26, 2004, within the Contract
for Private Development by and between Twin City Die Castings Company, Housing and
Redevelopment Authority in and for the City of Monticello, and City of Monticello, dated
October 25. 1999.
Dated:
,20_~
HOUSING AND REDEVELOPMENT
AUTHORITY IN AND FOR THE
CITY OF MONTICELLO
TWIN CITY DIE CASTINGS COMPANY
By
Its Chair
By
Its
By
Its Executive Director
CITY OF MON'fICELLO
By
Its Mayor
By
Its Administrator
: ,
~ :
, ,
T"(IN CITY DIE CASTINGS COMPANY
STATEMENTS OF INCOME
Years Ended September 30,1997 and 1996
Net sales~manufacturing (Note 6) . 0'" flo t,. $
Cost of goods sold~manufacturing (;"(""-' ~~::;;_.", t..h.f) ~
Gross profit on manufaduring sales ~
- \( ~
Percent to net sales "5)"....-'"" ~
Sales:-tooling
Cost of goods sold~tooling
Gross profit on tooling sales
Total gross profit
, ,
,
Operating expenses
Operating income
Other income (expense):
Interest ;'I ,"",-
Other
r(l--
b {....:.t '{<r^"
.:Yvt
Net income
STATEMENTS OF RETAINED EARNINGS
Years Ended September 30,1997 and 1996
Balance, beginning
Net income
Dividends
Balance, ending
See Notes to Financial Statements.
r
'0\- 6 ,,,.s
-;).0" tl".c:;
.r--
-'''I"
1997
28,065,978 $
23,009,843
5,056,135
------:;. 18.0 %
3,726,065
3,690,777
35,288
5,091,423
(l--o~,.-h"",{..., -St>A>\u
I 2,272,072
2,819,351
f~'.~
...{-----
~,-,)
(5:V'~
( .s..\<-' .;. t=...--A Atutt)
'$
.1- ~
vlJ' I: l\ ~r
oJ
t \ ,Q -
4
(239,300)
( 505)
2.579.546 $
1997
$ 9,577,699 $
2,579,546
(J .603.509)
$ 10.553~736 $
1996
25,900,711
20A04,713 ,
5,495,998
21.2%
3,820,898
3,534,634
286,264:
5,782,262
2,310,213
3,472,049 .
(183,782)
10,612
3.298.879
1}96
8,510,283
3,298,879
(2.231 ,463)
9,577.699
\
,
4
. PHASE 1 MAGNESIUM DIE CASTING FACILITY
.
.
Land
Building
Architect
$210,000
$1,427,600
$40,000
Phase 1
Total $1,677,600
Office Furniture and Computer Equipment
Lunch and Break Area
(4) Die cast Machines Phase 1
(4) Trim PressPhase 1
(4) Melt ahd Hold Furnaces Phase 1
(4) Spray Units Phase I
(4) Hot Oil Units Phase 1
O.H. Crane
Metal Chipper
(1) Air Compressor
Water Cooling System
Evaporator System
Tool Room, Die Supplies, & Tool Crib
Maintenance
Quality Control
General Maintenance
$40,000
$20,000
$1,596,320 v
$140,000-
$5~6,000V
$I1O,OOOV
$36,000
$32,000
$47,000 iV
$39,300V
$20,000t/
$48,695
$221,000
$112,000
$390,000
$48,000
5% Contingency
$ 169,815
$3,586,110
$5,263,710
Total
Phase 1 Project Total Cost
Phase 1
Building 35,690 sq. feet
2 cast machines and support equipment in place by June 2000
2 cast machines and support equipment in place March 2001
This is for a Cast & Trim only Facility
.
1
,
I
I
t
1
,
,
I
1
I
I
I
I
I
I
. I
, I
I
I
,
.,
, I
I
,
,
I
I
,
I
I
1
I
I
r,1
:il
.jf
;1
:,
t,
Wol>~J1...~.._J'
1,
'I
I,
"
"
I.
I:
I,
"
I,
'I
I,
II
"
"
'I
'I
"
"
_. _ __~_ ~ __ ~ _~ "I __.. __ _!.~__._ __'H' .~ _ _ _ _,. ___...,_ -~-_..: J." ._._~_\
,
I
,
. ,
m m _ _~ _ _._ _... m" ___.... __ _ _" _u ~_ __ m __u _+~..:_ u:u _~ _u_.__u.~~~.--=-m.~~
._._. .-,'-"-' -l'-"~"-"-"-
,i..t:.J1 J.~/..I. .:!::I:J
'-...
. '-
'-
:.
.......
..
.
~
.............
r~
I "
I ...........
I ~"
I
I
I
,
I
1
I
,
I
I
I
I
I
I
I
I
I
,
I
1
I
1
I
I
I
I
~
I
I
I
I
I
I
17s/
I
I
I
I
~
1-.
I
I
I
I
I
I
I
I
I
I
I
I
,
,
I
I
I
1
I
,
I
,
,
,
I
I
I
I
I
I
,
,
I
I
,
I
.'-
.1.0.':>1
OJ. L --loot tJ.L - ( :J.L.. 0
I f'\i;,WIYlt:-Ill""l nuwC".Ll.- H~l,..i1
..............
'-
...........
......,
................
~....-....
...
...-
",
,
- ,
...~....
'''-
....'...-...
'~~
~,
""...........':'-...
......
.....""...............
-~
,
........
.......
''''-
-~....
'-
:,}
. i
-'~
CffJ-
f
" 0
C5C
.J
I
;
Iw_,.."
I
I
I
+.
I
. j. .~-~ -,"~"-"-"'-~-""
,..,. ...,--;."'f.ji
I I I' l
.. I I I , 'x.
.-1""'''/ . ,
1.1> II
:i-'"''
r-,--- .'
t.-...-o<
-----------.---,..-.-. l'-'-'"
1 L::::
i Y
; r.:.~.~
! rr-."---
!._~:o:......'" , I I . I....
tl I , Iii!
I I ' ! I I ,
1i1...~..J.1 ~~!,-.:.:lrlil..i ......
.,
-,.."+--...,,
~~::~~=::~ ~::
>.!.
~J
~!
""'.",.......""I'...!o.........---~~~~~-"-
hI._--"U
r-'Allt:.
l-JL
'A
ase \I Total Cost
ase II Magnesium Die Casting Facility
Capital Expenditures FY 2002
(4) Die Cast Machines Phase II
(4) Trim Presses Phase II
(4) Melt/Hold Furnaces phase II
(4) Spray Units Phase II
(4) Hot Oil Units Phase II
D.H. Crane
(12) CNC Machining Centers Ph.11
Total
Yo Contingency
.
$1,645,256
$ 141,000
$ 840,000
$ 110,000
$ 30,000
$ 32,000
$1,880,000
$4,478,256
$ 233,912
$5,574,568
ase II Magnesium Die Casting Facility
Capital Expenditures FY 2002
Phase \I
_ Building Addition of $17,500 sq. ft.
Complete October 2001
_ 2-Cast machines and support equipment in
place October 2001
_ 2-Cast machines and support equipment in
place January 2002
_ Add CNC Machining October 2001
.
24
.
Source and Use Statement
-. IiIF .----.----.IRBAlIOC::'u .-c- - &jUty"'-"" "CtY"--.-..;-"IRBAlloe:----.' ----- T""I
, FoalltV , &jUpmont
<'""....
'i<w1 llF 210,000
:
1,541,5915 38.5,399 1.925,995
.-
ng
i .n 'w,.... I
-400.000 289,779 GMU 2.549.J:l5 3,399,115
.... :
no) --
....... .............
..~. -400,000 1,541.5915 675,178 310.000 2,549,J:l5 5,5:l6,110
..."",,,..,,,..,,.~,
Propeny ~
Sito"""""",","
Now~
-;"""""""'"""'l
t>;Id
~d~
...........
-...."
.
.
CJ/'ot(dM
...... ..,....,.....-.....
T""lprojacI
T~.~)
n...... RoI.
20 I-l'\
6_25%
.7.00"1>
4%
7.50% I-l'\
Uen_
........................---.................. .
111 I-l'\
1.t
2nd
C>lIlo.."'" Eq.i~ _ Est.. NO.
Eq.ipment Eq.ipment
p...."., GYInotl.... ... roq.il1ld os . ",""lion of lite IMF loon
..".,.,.,"'~,.,'"..,...._._..,..._._..._.._......~...,......".~"..,._._.............._........,',.".,.".....n"',.....,...,..,.
Magnesium Assumptions
Casting Machines
- 3 Shifts
- 24hrs x 5 days
- 120 hrs x 80%
- 96 hrs/wk
- 96 hrs/wk x 50 weeks
- 4800 hrs/yr.
- $2,1 OO,OO/machine/yr.
- $437.00/hr in sales per machine
8
r!
/
I
I
/
.
.
Magnesium Assumptions
PAY
1-Shift (8hrs) x .80
EARN
= 6.4 hrs/day
2-Shift (16hrs) x .80 12.8 hrs/day
. 3-Shift (24hrs) x .80 = 19.2 hrs/day
.......Emp.ioym.."i.~~--F~~ '-.'
1 .. 1i1.inCiiyOi.ci$ii;;Q$~
... .... ......c:wi'ri~mt'"l(l'iriliiiM;.r:.'ul;:.:lmi.-.qul~:iili;r(}.i1'priljiKil bCi'ton:"'"t.t:)N'IY:EllO"-- "'SliilW"ld'i:
, JODSTOBE'cRMTm:"(FmMNENTONl.V)
.....--..--... ................ ................- .......-.. ..........- .................. ,.~~,:::.:',~."..,.. . .__1_________________..______...'.___.11______..'.___.. ......JOBS....
ro""l WOF .~, ~VRA'TE HOURLY VAll.E """'^' I.FENSURANCE NS~~.AEMe.EN1':o;:~ TV FIE o~
1I05IrnN mtE JOe, ..,.,... WO!lENEfITIl 'ENe'~ HANG CA n; ...""""",, ...V....LA8LE TIt",,,,,
TOU.liI
c.. Cost Op 2. lUO S.Da YES YES YES yES
Oie Ca$I Uilily 24 12.00 4,20
Tool Room 5 19.00 ..65
Mail'll:. Tt!d\ 5 17,00 5.95
Majnt..~ 4 13.00 ',55
T'IlCk 00...- 1 12.00 '.20
sn.~ 2 13.00 '.55
Macnnng 18 1.,25 5..'
Rec~"Sec; 2 11.S3 4.04
OAE_ 2 21,15 7.40
Tech Eng 1 28.'" 10.09
TotQI ;OhSlO ~ C~a1M~,., .,.~.~.~,.~~.~..~~,~~ A~~! nOUr1r,tle~.~,~~..
.
9
\"Ge'ne"fiTM"a"na'gei" : "r._..._.....~.,--~t.._----~..,,_.- ""1.t"'.. ....................:..:..:.....'...',"~,_.....~T.~......:..~:.:....":". .......~:~...~.r..::...,,: "..,. ...,..................
,.., ,"
~R.c.Ptloni$llS.clAcct. . ,.... ..,...... ..."'~...-:,(".-'- 1j 1: t
\Of.Ciitiupe~j;)r- .,~~----~~t ,~ '~.~~.~._'.,u~'1.\-'-.--~~~"~~.~,.------
lQ~.i-~.~~~~..'.~:-:-.-... -~ -1l~..---~ ._..~'-,.r~-..--.-......~...r.'.-~ . T"~" ... 11
~T.ehralul Engin..' . 1 ~ 1 ~ 1 1 ~
rProd;ction-sc.h;d~.i.r1..-..... 'r_._.~.~t--~-~._~~-~~.~.~.."'w,~-~-..~-..-..~..~.-'~'~..,-.-t-..-~....ft.
~T'..:h'ni'ei'.n'" ..~"....,_....~....m'.._m....~.~.., i
:'To"tI'j"'NO;:;.:M';'nufa'e'.uri+' ..5t....~."''''-'----.........'''
.
FY2000'
, '
..,...... .......JDNE---..~.-JULy....--i...........AUG.iJST .m..'......sEPTF;MBER....
. .
....~"~__,...;................""_~__..M.."..+.._~.,,...,
. .
...
'Diee. &t utility
~.~.~I, ~~~.~.. ..,"-~~"
\Maint-M.chanIC
iMaint:GM.ne.;.:aT....
j.fnic"k".oriv.'i'....
:siiippiiiii .
tij.c'~i-nTng'-" ..
l!~:~..~~~~~~.~!~:.~~~~~
.11. .2.
" "
''','r----'-.....--------
" " 1"
-----,.-------.1f-............---...... "i--
" "'" ..-...._..1.i....---..''''-~.--~~''.1'(..--.........'''' .............. ...,.:...."
.. . ........... ,.._..__._...,~~._._.~...y......._...._..".~.._.._m....."..."....
" " "
. ..,...---..'.....--1.!-..'...~~~~~...w-.-....1.\..._.-_.- "-1";'-"
.:.::::..~--!I=-=::::==:-9.r::=:::::::.::::::::9L...:...::.
S:"
:..............'"'.."...."................".,'"
~T~~..'. Employm.nl
--.-...,-t-..........-----.... '4
i.'
~'2'tile 'ca'..- M'ild1'lne. ~nn'inu on. 'Shin .~.. ;.. ... ........... . ~... ~
>_..~~".J'___'_. ..._, ....:-.--~-.~~-~-------------~~~~~~~~~.~.""~-~.-~~~,..y--
.
FY:ZOO,
Oct
"'No"
,
... ; 000::: .iOn- . F<ob L. MOi"")ij>r'
2'''
"
.;,-".,_.~._--_. ,~~~
"
l'
..,.
.1:"-----." " .
,
".---,..:
.,
'5]m
'i.:'--
MOy-'ms;;;; "jiij'''iWii 1"S;;p"
'tiiiiiii.. .. "m.m.I.."mr"- 6: 6, 6,,,m,' '0, "i2 i{ 1i' 1.
~[l;~.~~.~liiY---~.--....2'--.._.2,----2'"""'-y--.-;-----~,----"-G:--f..---l0--....-lO;-------.iii".-,r----'
iToolR>.>om"[ m. .. mi'm2~.lm-m:fm" ,,'3,3:"-3.' "-.r..;mm.., ";ji' .. 4
'MoInt.MiiictiOrii. 2: 2' 2' 3 3' 3 3' 3: 3' {. 3, ..
lMOi;n:Giii;;;;'iii-i: "'2' .-------2---.----.:;..-.-...3"..------.--3"........ 3' ;j!-' 3 "---..i'---.-..--3'..... -----.--
.T""'" 001'''''''''' ..--....1: '.-.-."1[ "-i:---''-'-'--{-''''''''{- '."'1'....--..1\"-.-----,....... 1 '1': ---.,--...
,~~~~~---.. i: 1 ,. i "i, ,. { { 2' Z ",,{ 2
'Mo.hlnlng " 22'. ",-----.- "',r ,""'" "'f' ""___"I' "."___.1' --.. 9''' '0: "." 10 .
,i'OiO'Mo""",,,,.;,i"ti. 'i, . 1,:" .."l'~.:.__iT.:...t1' '''27'' "" '32 39' ".~. " .. "" "<ii' s1
~a..nerilll Manager
'FO;OiiiPtio.;;;usoOi:O<:ci"".
. D....ci.."s;Jpi.NiIOi....
Q.A:&.giiiOiiii
:t.cMl'af&i9i"oe.r-
; p'iOduction"SehedUt'er
'T.chnid".~
Totll Non--Manufac1Uli
l'
1"
.m-'-i""
"''--
1 ,. "
, .----i.......".-"
...-..-.,......---{...-"...---
",--.... '1''''' . '-1''' . ...
,1""'" "i!--
'i' '--'. "....
l'
""i"
m.T........--.i.
li"
,mi:'
... i i
"
,:
. "iT
i"
,.
1.
,
1
i"
1
,
" "1
6'
tj,:
6' 6 6'
24 , '33 jj,
jj
38
T~.i~~.nt.
':/2'
:/2:
:~~~;1S2~:~f::.~~~~~;'~~;;<;:;~E~~~:~~
.
1 ,
"'2 "mmmm Y""" "r"
......-,-.----...T...i'''...
....2. z ... ''''':z. .
'''''''1' " "";: . . ,
l' ,
..........;...." ......1'"... "."..1,.... ".."....
9 9' .'
l'
"f
'---i---
2
l'
6'
.m1.
":z
10'
..:
52'
s,'
53'
54'
10
I
.
m...~.._~.".....~.ft,_m_""_~M,................._.."...m.~'w','_"'"
! ;:
.._4' ""tic-m.... "~:~~~:~::~~:.~~.".::;:::: '~~,,~..~,,~.::, .:.....:~y
'jUil'
'J'J
AU9' 'liep"
"00i
Noll
",,:,,__,~,,"__~"'i'
ti.a.;t....
, Cifi",Oi';;;iiiiY
'fOOiROOiii'
).;oin;:MOCiiOiii<
:'MI'j"~'"*r.iI""
[fiUOi<-ti;;;;;,
shiPPing ..
[MO<iiiiiiiiij....
fOiiii'MOiiUiO<iU.iiiij"
'GOMiOiMO;.aiifir ............-,'.- ""'-'.,1--'.'-.1'" ..,-..,,7...-...'''-;!'..-.....~..,'--.'-..-i.-"..... .....,,-.....-,1
'RIi'..PtiOlii;;wSfiCiiiOd..--......... -'i"--'" "'2,-'F""'-""2r'--'.'~iT"'."'T"'-"""--z... "i'."--"'"'''-i:.'''
'jj;;ca.si:iPI~'" .i1.."..i1'..,_..-i"-....-.l~.._"--.";T..."".. F'-..""T:~_..::iC:~....~!
~~= ~-~~=f~-~~ -~~=+
Tfi~d.;; "" 2' -i;---.."Z;.......- 22''' 'ii--""i'" . "ir-"'"2"" "...
'TOiair;;o;;::MiiiiUiO<iUri'-;il'" . ....io!-'''-..,-o..'..'io.''-'...-;o: '0-;-"""-;\1 1O;io
"i.,-- ,
-ii'
-.'"
--""--'1"
T-"..
iT
't
'0'
"-ii:- .
;
i6]"-'6-;-"- . 1.' 'iii'" 2O"ri'iAr' ""ii"""ii
1.:"'-.'4"-"'T8;-'~:,lij, "ili;'-"iii "201' .'zo 'zo.
..; m'~"-'-"4~-.n" 4~ 5~ ....f--..' ..... "~f ....5; ..._......._...~{'r'...... .....5'''....
,,;;,"'-.,--'3"..'--.."41-..-...;..-....-.-'5'..-5'....'...-..... 5' """-5.
,,:;"'-..-..j'-......:r'-....,." ...."-- ..".: ' '.1"'''-- ""..~"'"'' .'4
T'--.-i:..---.t-..."'...,.... ""''-;''-'''' " 1! ""'f".
Z;...--....-z,..-....-.2'-.''''....'i\i:...-- 2 2 2 2
,o,_.---"1i"""--"'-;.;'~-';'..'" .....,.t-..-. ,i::::...:~~..'=:::':;'~:=' .......;~,
iir--"S5,-"'--',i 61' -"Gi,''''ir-'''--iiC-.'''-7,'''n'''-.
....."".:~"............_"~~..,.............,__.;.".............M"_m...~..-.....,-...M....-i-.....,_m._" m..."T'"_.....",.___.'.'...._~."
",....,.
"ZO.,,--- iii .
'"5,''' "5
."51-"--''$
.' ""''''.''
""''''i.-'--' ,
""'2'-"'-" i
"Ir--""---,.
"79:" "79"
....;f.-....... ...m.1"\..---.....- "1"
"2"" "-..'."'27'----.... 2
""...-f".... .....:;"\' .....1""'...
'Y."" ""'i;-.--"'Z"..'
i'......"'" ....-r"
-r"''''''-'-;--'' ",
i""i:'- "'"2'''
-io." -"io:io'"
:,' ::
.' .'
.JiiiPiY.200iii.dOii..iYOI2'diO..ii.'~~~..-~..:.~~.~iiii-'3;;;;iii5'~.~y.
59'
... '63:'--.'&5
;
"iC-"iii:
-'7Ii'--'-- &5
09!
"Ii'" ''',,,-....,,,..,, 'ii,"
TOiaiEmi:>io:;.mo;;, "
".....""...........""...."",,.......,.
;
..!.......,-.-.....'"
,
."'........".
,..+.y..,__M.~.~!....m ."..._m..'._~..._..."'...+.....,..._.. ,.............-
,..,....."._..~" ......"...:
; ~ i :
. .'
. ..., .,~:...."...___...;.,..._....r._.'.;....~.......~.."...~..,..... .
.
....... ........_..,"~_..,'_.__,.._...."..._.M__."
SAiiSPiiiil-- ... --""
m........_......._._.__...~.,,,.~..........y.,~~'
.......l"
Ocl.
o
l'Oi". e>>c-"JOn-'" Feb
...... ......~~,... .
o 0 0 0
Mar ~: May
O-'''''~''Om '''''''-''0
..un
60.5
...+.
.)J,AugI
.....104..---.- 126 m.;",
$lip
110-
'i'etai
$ "Gi:iiO .
. ..._..__,....__-'__.__' '--_"'~.._,,____...sj,;us..FY~,,-.---_.---------'_._--".-L,,_..---..--.......-"...
"-"-:' ..-:.~~~=~~_~~:c.~-~-=:-=~.:=:=:-C~=.=-~_=-:_.L:~=C~=~=;~~.
m.._."...~....._."'...~.,'"_m~.r~..~...
.. ';" ....,~__""._:_-...--...-.-...r--...'-., ,.~..~....--.,. ".-+.~~.-
.",._....,..._~..._.~~..._..__..~.n<r~.~.'
....~....
m ~ ._._.~__.~.~__.. -.~....,-.-...- .....,~--...,~.-.-. ,,~--........-..-.
,._......_.._.d'''__..'~......~U;,._,...." ,~...
Ocl.
759
t>OJ
9:ij"
...~"....-~"..-...~--...., ~-..,.~--.~' .... .~-F'f.ZXi2-..
Dee .Ian --mFeil' Mar ~,May "" j.jjl"- .. "ijm Aug
923 '.1154"1263 1:.rii"iA9)14iiO' .i2Siiiiiii
Sep .. .. fetal
1318 $14,214.00
. .
eased upOn.s5'i.UtiiiZi.\;on,;ndeach'de'caliiilJjmadiir.egeM;.aiilJj$iioo.c.ooOisaiespe;~a;.. ..
..-...
......
11
.
..
-c c->
&~
c:= I:U
g.,.,a
g=-l
~.
. - "=_06" _, __, _ _" __, _ on' _ "~__" __, _ __" _ \__ _" __ ,~_~.
1-' :
<..-~ I
<R..
- - - - - - ... ... ... - ... - - - - ,. .. ...
"'~
o
I
, f ._]--.~
- ..1.
~-I ;
_i
c,--.JI
=-
<..~
~
"-
~n_;J
<R..
-1
~ 1
(")
,
,
~#~.._---.~.._---.......~-
f"'----.,
: -~~:
~~~~:
,i'::.. ,
I -""':i~ I
I ...d I
: ~,~':
"'___~.J
~
l!J
· " " ";n;o ;;-:'-",- ~ - - 0 . ~: I
:[~ :1
.: .:
" ,
" .
:: :
" .
!~~[;
"
~CJ
co n:>
5-~..
C:D~
~cu-
g 9-
cD ==
6<:P
~ c;-'
~ 2-0
c:..n. ~
Cn~
<=
C'C;>
~
-.-:.:==.-::m .,::,,:=;:~:~,,~'.
cr>
I
/'
/I'
f!
f
I
/
II
Ii
I
.
i~ I
~ ~ I
. c.
. -
.
.
i.:i-......]
'"
1'/"
.;::i
1/
I... I
li
/,
r!l.:.
~, I
I '~. I
~
.";id
Yl_~]
~ I--.~J
(;)
.
1 I.
lJ
[-;;1 ~"7j
'-1 -
,~ I).
,;, ""'=-'
,:';, '::-
:.1':_
,..I
."1':,
.s: II
I.~
.-, .::. ,":"~
H :~r:~
~~~
.
. i
'.__1
...I'-J I
G:> ---or!
c:> :=! "
c:> Cf>
~ ::=-
U> ~~,
:::0
~ <:_0
<:D =::>
~:~~
c.c:::> =
____ c.c::>
:::cJ ----...".
<:D -'r1
c-:. 5 "
~- ~-
July 2, 2003
9:48 AM Twin City Die CastinQs Company
FIXED ASSET SUMMARY REPORT
as of 09/02
T=====-::::::-::--_n.- Fix'ecf"Asset Cost nu:-::_____._nnu TF~---n.-n-u- Accum;ilated Depreciation
(t) (-) (t) (-)
Current Prior Accum Current
Beginning Year Current Oepr/179 YTO Oeprl Current Accum
SYS No __. Cost _."Acquisition Year/Oisp En_d_ing Cost Expense 179 Expens~__~:pr/179/0isp
Book: Internal FY: September
Paqe 1
_____uu_____1 ~~
Total
Accumulated
Jl~pr~Clatlon __ "~ ~
SUMMARY OF ASSETS WINO CURRENT ACTIVITY
3090161,91 3090161,91 49876,16 79234,92 129111.08
Count= 4 ---------- ---.---------- -------------- -----_________ __~___________ _____________. ______________ ____~_________
G/L FA Acct # 1835
3090161.91
0.00
0.00
3090161. 91
49876.16
79234.92
0,00
129111.08
001274 0,00 39472.00 0.00 39472.00 0,00 2368,32 0.00 2368.32
Dynarad MS700 Furnace
001278 0.00 67578,96 0.00 67578.96 0.00 3378.94 0.00 3378.94
Rimrock Model #4400f
001279 0.00 80429.00 0,00 80429,00 0.00 4021.44 0,00 4021.44
Rimrock Model #4400f
001280 0.00 43057.00 0.00 43057.00 0,00 2152,83 0.00 2152.83
Rimrock Model #4400f
001310 0,00 626120,58 0.00 626120.58 0.00 31306.02 0.00 31306.02
Buhler 950T
001313 0.00 16397.40 0,00 16397.40 0.00 1639.74 0.00 1639.74
4400F Robot div04/05
001337 0,00 43769.88 0.00 43769.88 0.00 2553.24 0.00 2553.24
. 410 Servo Recip
001355 0,00 6436.29 0.00 6436.29 0.00 76.62 0,00 76.62
Conveyor Monticello
001367 0,00 6016.16 0.00 6016.16 0.00 71.62 0.00 71.62
F02 Furniture Monticello
001372 0,00 64301.56 0.00 64301.56 0.00 4286,77 0.00 4286.77
F02 4400F robotOCM#4 0405
SUMMARY OF ASSETS WINO CURRENT ACTIVITY
4430049,32 4430049.32 252288,69 501323.83 753612.52
Count: 57 ---------- -------------- -------------- ---__.._______ ______________ _________~~___ _..__.________ ___________.._
G/L FA Acct # 1865
4430049.32
993578.83
0.00
5423628.15
252288.69
553179.37
0,00
805468.06
SUMMARY OF ASSETS WINO CURRENT ACTIVITY
7520211.23
7520211.23
302164,85
580558.75
882723.60
Count= 61 --.------- ---.---------- ------~------- ----------____ ____________.. ______________ ______________ __..__________
Grand Total
7520211.23
993578.83
0.00
8513790.06
302164,85
632414 .29
0.00
934579,14
=::::::~~~~~~: =::=:==~~~~~~~ ~9\~~~=:c:::;[~~~=~~~=;;.~ci)~~~~~:~:==== :==~=:~~~~~~~~ ~~~~~~~~~~~~== =:::====~~~~~~
~ ~1~j~~~O'
---------------------.------------------------------ Calculatlon Assumptions --------------------~----------------------------------
Book
Short Years
Midquarter Convention
Adjustment Convention
.
Internal
[N]
[N]
None
.
.
c:
o
+-'
CO
N
c:
CO
0)
L-
a
o
-
-
Q)
U
:;:::;
c:
o
~
.
~Iii :i5
.g~ -~ ~
ljlg' ~'"
"'e..
"" 01 iij ...... jE x..
>:::,; il3 ~j
iij III
.~ 1ii 0'"
"'(/) 0:
'0 ~ c:'"
~8, ",10
c: l!! JijO
'" '" - go..
'"' 0;:::'; ~8
if Eir
~u
wO w
oB
~~! 0
~
CDU ~-~
"" ~.~ ~ - <tiS:
~tio ,~ :c;
~~!j ""(/)
~U ~
e....
t~ i
'iij5, '"
..; ~~~
0>
~:::,; j ~
~B
- '" c:
en",
",c:
..,'"
-- <:
::E --
~
~
~.~ iij
~8. ~~l
Iii 0>"
I- ,,(/) ~
c:o> o ~ z~~ <:
'" '" C"(i h
~~ -l::t '0 < '"
... ~~ '8"'0 "'-
x_ I- >!!'
~~ ~ -u8.
(!)iij EO
(!) IE ~
. ~
(/)
"
'" on ~
<II -l:
E~ ~t ~~
Iii ~ ,gB
"'0> I-!!'
2'l!! g-~ -U! ~8.
... 0", -. ",,,, EO -;;0
~::E c.. I- ,,0
c: " ~ (2 "
'0<: "'''' IE U "'>
w", ~U ~
;;:: "'Z - (/)
U
'" ~
~i B ~ I~
iil~
-g.. -=-8. >-~
",S ~O EO
(/) ~
IE
~
... (/)
~
" '0
"'! IJ
~'"
I-U
~.!!! " '"
'" .-
(!)O &,0
IE
- ~
(/)
" .!!!
'" - 0 >-
"jj 5jj 1=
~~ ~..
~~t ~t'l ~5 E~
8" ...!!! ~~ ';0:
- ~~ I- !lIo -c:
~i5 I::
'0- I!: - ... U
- "'2l=< "on I:: Cj
!!,<II l- (/)
~".i ...u 1!
",'fie '" ~ ~ ~Iii }'
~e.. ~I
l~ CDJij -",
i:,.. iij~
0> U enU "'",
c: "", c: '" ~.!!! i;'o:
~.Xi ~i5 "'.-
",0 ~o {'!.
Oiil 0
IE
... X's - ~
,g-e.. en
"
e.... ~
0:
X
('I')
o
o
~
T"""
r:::
.
.
.
Current Situation:
TIF HRA:
TCDC
EMPLOEE ANAL VSIS
34 employees average hourly wage including Salary people
Average Weekly Payroll based on 40 hours/week
10 Salary employees @ $16.00/Hr
75 Hourly employees@ $11.00/Hr
Average Weekly Payroll based on 40 hours/week
$21.72
$29,539.20
$39,400.00
i.
This industry-specific survey of top die casting executives
continues to be one of the most valued that NADCA
gathers and reports. Used to measure the "confidence"
level of die casting industry CEOs in the current set of
business conditions, the NADCA Business Barometer not
only looks at "now" but also the direction the industry
is heading. To measure the "confidence," respondents
are asked to compare current business conditions to
six months ago. In this installment, one question was
reworded to see what the industry is projecting in total
sales for this year compared to actual 2002 sales numbers.
:.
Flat and Slipping
Though the worst part of the "manufacturing reces-
sion" is over for the die casting industry, CEOs are not
confident people right now. Simply put, the future still
remains very uncertain. Though the "confidence" chart
shows that industry leaders are looking forward to better
times, it is flat at best and has been holding at that level
for nearly a year. As for the level of confidence in present
business conditions, it has slipped for the second quarter
in a row, dropping to early 2002 levels. Maybe the old
adage fits here, "Two steps forward; one step back." And
you get the same feeling when you speak to the industry
leaders in person!
!
....
/////'///,,/'//'/,1'
.
When the confidence level is reviewed over a 10-year
period, two things become very obvious - the steepness
of the drop and the slowness of the recovery. Over the
last 10 years there were drops. Yet they statistically did
not show as steep nor were the recoveries indiscernible.
Things happened and then things rebounded, but when
you look at the most current set of business conditions,
the drop was gut-wrenching and the recovery started,
but seems to have lost its steam. (In the comments sec-
tion below, one of the survey participants even asks the
question, "Is thisthe new order?")
: "As with previous,surveys,this NADCA Barometer
'.:collected wri'tten comments from the participants. In no
"particular order, they are listed next. Please read these
. carefully. Per usual,.we receive the entire range of emo-
tion with these Yfritten survey answers,
B/L1NKS 0 June 2003
~~ .....
~
Q
~
....
////,1'///////////////'/
"Record sales will result in additions of machinery
and buildings in late 2003 and 2004:'
"Utilities and insurance costs are brutal. Any
thoughts on member company consolidation to
promote decrease in costs?"
"The Automotive OEM drive to change to North
American Special Aluminum Alloy (NASAAC) metal
appears to be a terrible happening for die casters.
Its listing appears to have no relationshiP to die
cast alloy pricing whatever, that we can see."
"Haven't seen a downturn last this long. Is this the
new order?"
"Reverse auctions are no-win situations!"
As with any die casting industry survey, maintaining
proper representation by all industry segments and
geographic regions is very important to allow the data
to be credible and comparable. The respondents for this
Barometer were from a wide cross section of the industry.
Pie charts of the key demographics - region and end-mar-
kets - follow. The Midwest was represented by nearly 40
percent of those responding. The next biggest areas were
the Southeast, Central and West. Rounding out the group
were the Northeast. Canada and Mexico.
Mexico
7.4%
Northeast
7.6%
West
11.3%
Midwest
39.7%
The survey's representation of end-markets was once
again well distributed. Of those responding, 37 percent
had some manufacturing exposure to the automotive
industry, with a fairly even distribution of other key end-
markets. Building hardware was the next biggest category
www.diecasting.org/linl<s
;j
:1
~~,
....,r
Pf':(f'i"~" .~'" [in]
... -~.
,'" . ",.,,~,
i~:; I'<'l"': ,.1 i'-.'V"'.!,I
"'(;LII'"
with 13 percent. There is always some overlap in the
categories. but the objective is to get the widest distribu-
tion possible with an emphasis on automotive.
The NADCA Business Barometer confidentially asked the
question. "How is business now compared to six months
ago?" Industry CEOs responded less positively. Only a
fraction chose "excellent," while 34 percent chose the
category of "fair." The only good news is that less than
8 percent chose "bad," an improvement from the last
Barometer. The most noticeable change is the increase in
those respondents choosing the middle of the road, or
"good" compared to the previous quarter. More than a
third felt they saw no change.
0'1\
elliC.1l4lnt VM'j Gl)~
Go"
,...
B.d
Hopes for the future have definitely flattened out. Though
still positive, optimism has waned in this index. Industry
CEOs are feeling somewhat better about what they are
seeing. Simply put, just over 77 percent of executives see
the future as either "excellent," "very good" or "good."
This is a slight decrease from the last Barometer.
S'I\
0'1\
belll.l'Il
v.ry Good
Goo.
F.~
e..
www.diecasting.org/links
NADCA Business Barometer Indicators
Five specific indicators are part of every NADCA Barom-
eter. Considered key business bellwethers for any manu-
facturer, these areas of activity are monitored to identify
general industry trends and to see which are being
affected by the current set of economic conditions. In this
section, the survey requests that respondents make all
comparisons to three months ago.
Quoting
This indicator continues to hover at about the same level
as before. Fewer than 34 percent of the respondents
are claiming some level of increase in quoting which was
nearly identical to the previous quarter. Again, about the
same percentage were extremely bearish. Just over II
percent chose "large decrease." The only drawback with
this indicator is that it cannot differentiate between new
work and existing work simply looking for a "new home."
Order Backlog
This indicator seems to be slowly moving towards the
positive. A little more than 41 percent of the respon-
dents claim no changes in their backlog. which is an
increase from the last quarter, and is a direct result of
a decrease in the two bearish categories. Point to note:
nearly 27 percent of respondents saw some level of
increase in their order backlog. The indicator continues
towards the positive.
5'1\
0%
lai'QiII D6d(W.II1U :ttlan. ~"'IIII1;.
.....
sng,u 1r\(;1'1N1ll1i L.rg. In~~...
June 2003 $ L1NKS/9
..
.
Shipments
Shipments seem to be up, too. Over a third of those
responding claim some level of increase in their ship-
ments, Compared to last quarter when nearly 44 percent
of industry executives chose one of the negative catego-
ries, this time only 30 percent were bearish. So, combin-
ing backlog with shipments, there seems to be a slight
push towards more business activity,
.
Receivables
Once again, the majority of industry leaders saw no
major movement in receivables. More than 73 percent
chose "no change" over the last quarter. Just under 8
percent saw a "/arge,increase" while no one saw a "large
decrease"- nearly identical from the previous quarter,
Slltllh,~
..-
~'vhtlnct.... la'1l.lntoFq.M
Profits
Possibly the most controversial indicator of the five cre.
ated by the Barometer, industry CEOs pushed the "profits"
index toward the negative from neutral because, compara-
tively speaking, a few more CEOs were pessimistic versus
.
15%
10%
.%
0%
LII'lI_ ~M S1t",hl o.cr....
.....
$lIgM In~IIIM 1.-"" IhcnHlIU.
I O/L1NKs :;, June 2003
~Y.~f'. -:im.. .lIt.IIL.-...'l
~ ,~
1.,-.'.1 "U'l!..
J II:i['llli~;Cf:T:~e':
optimistic in this survey. About 40 percent chose one of
the negative categories, 25 percent one of the two positive
categories with the remaining third choosing "same."
-;,:'1
!I:~
.-,
Sales Projections for 2003
The NADCA Business Barometer asked one additional
question in this installment of the survey. The question
was, "What are your projections for 2003 total year sales
compared to your actual 2002 total year sales! Are they:
Excellent ~ Up /0% or more; Very Good - Up 1% to
9%; Good - No Change; Fair - Down I % to 9% or Bad
- Down 10% or more!"
Here is where the true underlying feelings of industry
pessimism flowed out. Only about 28 percent felt they
would do better than 2002, with over 30 percent feeling
that 2003 would be a flat year at best. But that's not all.
Just over 40 percent felt that 2003 would be worse than
2002! This is a definite flip from the previous Barometer
that asked for everyone's first impressions of 2003. With
a quarter under their belts, the industry seems to have
backed off their initial "positive" projections. The last
Barometer ~ which was the first one for the new-year
- found over 43 percent looking for a "positive" sales year!
i
L
1-
c
i-
.-
I;;;:::
ANOTHER POINT OF VIEW
As you might know. business barometers are not unique.
Various associations and chambers of commerce perform
their own versions of these types of surveys, compiling
results for their industry or region. Recently NADCA
found one that we thought we could share with the mem-
bership. The National Association of Purchasing Manage-
ment - Chicago does one and we looked at their April
installment to check for commonality. In a nutshell, here
is what they saw:
April was the second month of declining
business activity...
Production rebounds, but employment
continues shrinking ...
New orders drop ...
Lead times for production materials and
capital equipment lengthen ...
Where have you heard all this before!
~
..
www,diecastjng.orgllinks
Alum-4 Automotive Cast/trim - Housing 3.48200 850k/$4.1m 73%
secondary (BVV5765)
"-
Alum-5 Small Engine Caslltrim 380 Piston 004-0253- 1,9m/$703k 58%
99 (BVV5766
Small Engine CasVtrim 380 Piston 004-0254- 2.2ml$814k 58%
99 (BW5767)
Small Engine Cast/trim 380 Piston 004-0336- 912k/$410k 65%
99
Cast / trim / Plate, Belt Attach
Alum - 6 Data Storage Machine/chromat 3-00240-01 2500 / $4K 90%
e
Cast / trim / Carriage X 3-
Data Storage Machine/chromat 00256-01-01 2500/ $31.7K 69%
e
CasU trim / aT' 3
Data Storage . ase ens loner - 2500 I $10K 91%
Machlne/chromat 00279-01
e
Cast/trim / AT' 3
Data Storage . rm ensloner - 2500/ $10K 93%
Machlne/chromat 00280-01
e
Cast / trim / Bracket, Pivot
Data Storage Machine/chromat PKR015 2500/ $11.3K 83%
e
Alum - 7 Medical CasVtrim/paint 18" Base Stand TBD TBD
Type of Services
req'd > Part
Business Metal type
Automotive Caslltrim
Automotive Castltrim
Medical Caslltrim
complete
Automotive /
Recreational Caslltrim
Engine
CHAPPARAL TECH -TARGET ACCOUNTS
OGDEN ASSOCIATES * TARGET ACCOUNTS
RAM ASSOCIATES TARGET ACCOUNTS
WISNER ASSOCIATES - TARGET ACCOUNTS
"
Services Annual Vol.
type of req'd > Part I Part # I Estimated Estimated
Business Metal type Annual Conv. %
Sales (000)
Mag - 1 Commercial Cast/trim Crankcase 1.2m/$2.2m 32%
Mag -2 Impact Wrench Cast/trim/machin Housing IM6100 50k/$540k 79%
e/paint (BVV5771)
Mag - 3 Computer Cast/trim Housing 127001 12k1$184k 40%
complete (BW2005r1 )
Cast/trim Display Frame
Computer complete 127002 12k1$130k 45%
(BVV2004r1 )
Cast/trim Dash
Mag - 4 Medical monitor complete Housing419030 20kl$900k 32%
(BW3072XLA)
Medical monitor Caslltrim Bezel (BVV5755) 20kl$180k 45%
complete
Mag - 5 Data Storage Cast/trim Plate Motor TBD TBD
complete Elevator (Thixo
Type of Services
req'd > Part
Business Metal type
Computer Servers CasUtrim Port Pans
complete
Bell Housing
Alum. 1 Automotive CasUtrim 24206952 228k1$2.9m 20%
(BW5792r1 )
Case Extension
Automotive CasUtrim 24208016 90k/$419k 36%
(BW5793r1 )
Automotive CasUtrim Housing 24224026 1.25m/$4.5m 29%
(BW5780)
Alum. 2 Automotive Cast/trim 3 Spoke Wheel 220K/$1Am 51%
(BW5779)
Medical Pump - 2 Channel Conn. "
Alum-3 Cast/trim 2401 P-ABT 25k1$121 k 57%
enclosure (BW5759M)
Medical Pump - 1 Channel Conn.
Caslltrim 2501 P-ABT 25k1$116k 57%
enclosure (BVV5760M)
Medical Pump. Pole Clamp Body
Cast/trim 2604P-ABT 25k1$121 k 69%
enclosure (BVV5761 M)
Medical Pump - Caslltrim Pivot Latch 2611 p. 25k1$8k 54%
enclosure ABT (BW5762M)
.
.
.
c
o
--
~
CO
N
--
C
CO
~
o
o
-
Q)
()
+:i
C
o
~
i5
c:o>
'" '"
.. c:
c:'"
;'2::'
!l'~
c.:li
c.:l
-
t-
..
'" :;;
E'~
~~
-oC::
W",
a::
~
g>
";;;
~
~
0..
..
i:5 L
till &
~"~
",~:i
l'l
9/,- ~
2le-
m...o..
..
'"
c:
~'ii)
~~
"'~
jo..
0..'"
a::
:r
"EL
~~
~ffi
m::'
~~
~~
wO
~~
~~
~~ I-
c:'"
'" '"
~~
Jj,i!
c: c:
(U ,2
:;;!
2l~
I-
C:.!!!
"''''
ilO
0>",
~o
'E~
::2u
w
...
g"~
L c: ~
"'0'"
!~~
~ 0 '"
i:u!5
m::lli,i
~8
0..",
..
'"'
0>
:;;::!:
H
"''''
ji
:l;S
~
\.
~
i'l
J~
.><g.
~o::
~
-""
~
~"i':
mllt
c: ~
"''''
~u
z
u
..
~l
g1l
l!u
Ll.
"""
1"
li
.!!? :E
..,'"
..,
\. ,!!1
i--
--
c:
'" L
E-
~ 'E lit
1I>.c:",
z"'o::
-0 l! '"
"8"'0
...
,..
..
..
!~
'" "-
lloi
il~
J'"
...
~~
~ '~
- ~
;'"
u
..
'E
.c:
'"
~
~,~!h
"'OJ
"
-g 0 c
'" -
~ l'l
,~~ ~
.!f~~
~l'.m
j ::.
"'
:c
'"
l!
'"
~
'"
~
'E
.c:
'"
ll,
",J
~i
'"
E'E
~j
~
'!:~~
-'ij OJ 8-
~ d.s
".,
l'l
~m
l-o-' ~ ~
(f) "m
::.
'E~
.c:",
"'0::
l! "
'" ,-
o
~'E
~i:5
"'-
>l"
-llllt
'E 0
'"
o
L
20
f-'!ii
-llllt
,,0
.c:
o
Ji
Ill!?
"'-
'"
\...
c:
"'.,
~il
...J
~.~
~c
Jl!
"C:; L
~~
'" '"
::.u
.. ,'I!
.~c
5
~L
~~
u
m!!1
00
0>
c:
8:
:c
'"
-
0.
I-~I--
f-
"--
h
'5
ma
o
jj
e lit
~o
0::
l'l L
iil~
"''''
.~&
:l2
~:;;
$'"
oJ
c:'"
"',-
&,0
o
=!
U;
~u
~~
Ll.
-
0.
E
~
--
..
il~
(g~
1--r;1Q
~
~~-0-
-
I--
-/!i
1:h
,n
,," lit
ilO
~
c:
o
f'!
~h
c:o;
~!
~
L
"'0;
:!IE
0::",
.,0::
'C:
.c:
U
!5L
f'! II>
n
"'u
i~
::.
'--
or:l
5} ~tj
-
0.
E
f!!.
--
1-
~
~
--:..
...
h
11; -
Uo.
o
-
-
r:l
LJ
{~
!
I--
!
-
0.
E
{!!.
--
~
(Y)
o
o
~
~
......
'"
'"
E'"'
","
mE
~~
...
-
0.
E
~
'""--
.
.
.
liRA Agenda - 7/2/()3
6.
Continued - Consideration to hear TIF District No. 1-22 project uodatcs:
Of the four pending redevelopment projects within Tlf District No. 1-22. the HRA only
has a Preliminary Development Agreement and $5,000 deposit i()f' the Block 52 proposed
project. I believe Fred Katter and Steve Johnson will attend the lIRA July meeting.
Brad Johnson will be at the meeting representing Barry Pluth's proposed Phase I project.
Both Holthaus and Sawatzke were notified ofthe upcoming HRA meeting Jor a status
.report of their redevelopment plans.
.
.
;'
i
, QUICK TIP 6.0 INVOICE
Thank you for ordering Quick TIF 6.0 Tax Increment Finance Reporting Software.
BILLING DATE: 6/13/2003
Ollie Koropchak
City of Monticello
Monticello, MN 55362
').):, . L\ l. De) \. ~ C) q \
0-4;1
~'
\...o~~
ITEM COST
1 Copy of Quick TIF 6.0 - Upgrade 225.00
Minnesota State Sales Tax (6.5%) 14.63
TOTAL $ 239.63
Thank you for your prompt payment.
Please remit payment to:
Ehlers & Associates, Inc.
3060 Centre Pointe Drive
Roseville, Minnesota 55113
If you have any questions about this invoice,
please contact Nikki McDonald at 651 ~697-8500.
O ,ITf:Z <t; [Ei;~.;'ir~f rE:~~.II"-:'I-~l
r...----- L:::l 11
I -'---"-'! I!
I I J
I J UN 1 7 2003, I ! Ii ,
-, I! J I
!I,jl
II /
..1---
e
EHLERS
& ASSOCIATES INC
.
.
.
HRA Agenda - 7/02/03
8.
Consideration of Executive Director's Report.
a) Landmark Square - After the June HRA meeting, the Executive Director reviewed the
additional evidcnce for eligibility of parking improvement costs. Total cost of eligible
parking improvements was $82,169.88. Fred Patch OK'd the final inspection, the
Certificate of Completion was issued and the $75,000 check was picked up by Barry
Pluth on June 19, 2003. The TIRA received a letter of credit in the amount of $7,500 for
curb/gutter replacement. Secondly, at the time of issuance of the Certificate of
Completion, the administrative costs arc tabulated and the difference either billed or
reimbursed. The unused balance of the $5,000 deposit is $1,992.00, Mr. Fluth said to
hold on the reimbursement and perhaps apply toward the deposit for Phase II.
b) .lAC Development, Inc. - As ofJune 24, Chuck Van Heel has not been contacted to
execute thc agreements or pay the tax increment deficiency as the legal cost invoices have
not been submitted although requested from Kennedy & Graven.
c) Drake Court - Thc second $53,000 chcck to the Central Minnesota Housing
Partnership remains in file due to the lack of submission of evidence of money in escrow
for two property sold.
d) Quick TlF 2003 - The 2003 program designed by Ehlers & Associations has arrived.
Waiting lc)r intc) from County. Reports due to the Office of the State Auditor hy July 30,
2003.
e) Semi-annual TIF payments due August 1, 2003 - The County Auditor's 011ice won't
havc the tax increment to the cities until July 7. For TIF District No. 1-22, the [cmr-year
knock down rule applies.
f) Survey - A survey of development costs was prepared using lJMC as a model and e-
mailed to about 20 communities. Land cost and if publicly or privately owned industrial
parks were some of the questions. No responses as of yet.
g) The mini NW Corridor task fixce will meet on July 10 at 12:30, city hall. The group
will evaluate four industrial sites identified in the Comp Plan Land Use Map. I've talked
with both Horst Grazer, Gold Nugget, and Steve Lehr, CB Richard Ellis, representing
Chadwick's property.
h) Working with Business Owner Loch to establish a date for the EDA to make a
presentation of cosmetic design and financial package olTer for Hlock 35. Target date
July 22.
i) Marketing Committee - The group needs to meet. Community Guide and Discover
Monticello ads are off and running. Chamber split cost with the addition of their phone
and web site address. Opportunities upcoming - Sponsor a hole at the Wright County
Partnership Golf Outing in September and advertise on EDAM's web sitc.
j) Industrial leads - 30-] 00 acres, 250,000 sq ft to 500,000 sq ft grocery distribution
center. 30-50 jobs, $12 to $18 per hour wages. No outdoor storage, not large water user.
Lead from State. Out state grocer.
60,000 sq n industrial user looking to relocate from Rogers, Rockford, Hamel area. 10-
.
HRA Agenda - 7/02/03
12 acres. Lead from real estate broker.
25,000 sq ft Golden Valley electric/plumbing distribution center looking l()r lease space.
Outdoor storage. Lead from real estate broker.
k) Hans Hagen Homes - Certificate of Completions issued for two homes in the
Riverwalk Addition.
.
.
2
..
r
/
I
CITY OF MONTICELLO
ACCOUNTS PAYABLE
505 WALNUT STREET. SUITE 1
MONTICELLO, MN 55362
763-295-2711
DATE
75.1664
---g;o
NO. 73114
II
MAROUeTTE BANK - MONTICELLO, PO. BOX 72"
MONTICEllO, MINNESOTA 56362 ' (763) 295.2952
CHECK NO, AMOUNT
06/12/2003
SEVENTY FIVE THOUSAND AND 00/100 DOLLARS
73114 $75,000.00
PAY TO
THE
ORDER
OF
MASTER'S FIFTH AVENUE, INC
204 LOCUST STR
SUITE 209
MONTICELLO MN 55362
r;7:~:,>:';':"':;':)::::";:G'-~'), ":';"~~"~'~:::/'.:.::/D
r~ ~._.,
. ....D,~ ,. "1
. ":.... ..... .""'.~' ,'/..: ,:.
............,...f...;" . . '';L'' u ...............
. :' . . ,.... .K-?U' .. . . ,... .
.. .. . -,
.. '. .. .
,... ". . .L.t. ....
....."..,... r~.... ....:.......-)
"' _....=.:...~~_:..._~- . .. . . ~---::.:.~_." .. ................
1110 7 l ~ ~ L, III I: 0 11 ~ 0 ~ b b L, 71:
7 bOO 0 ~ 7111
VENDOR 002731 MASTER'S FIFTH AVENUE, INC
06/12/2003
CHECK
73114
FUND & ACCODNT
p n # TmTnTrR
DRSCPIPTION
.7\]IiI 0 T.JNT
213.46522.4399
TIF DIST 1-22 LANDMARK PROJECT
75,000.00
TOTAL
75,000.001
.
~~)
.
'--
CITY OF MONTICEllO. MONTICEllO, MN 55362
./
cJ
00
.
.
dJ~
a]
~ ~
28
20~
A CN c
~ ,W ~
~ U c
:r CN W c:n
I- >- -:5
o i -2 ~
c
..j....I .Q
~ U
J ~
'" c
W 0
-" v
~
011
,S: I'IJ
'" W
W >-
E 0
00..
I ~
:1;~
,- 0
E_
~ '"
.
Q E
I..,g
2 c
U ,<2
L.. ~ :;
r---::::"g
a 0 -c
3z8
cJ~'"
o
CfJ ,~
w~
':::L g
<(2
Ci.. c
Q
~
<(
w
~
W
-.J
D.
~
9
2
o
t3
:J
Ci..
~
CfJ-c
2 '3
93
'"
'"
'" W
~~
-J::
W g>
::::0 0
~-u
,9 -2
~
0')
c
'iii
~
---0
-0
'"
.=
~I
~~
~ U 'E
~(Y)O
--<0::0.00
0.
"
>
o
-0
W
g' c
~ ,Q
~ ~
<[ '0 ~ D- ~ "..j::
0::::: =: ~ ~ 2 ~ ~ ~
<,..-f\ ~ -7 ~ --0 e w
>-~-J::w~co.c
2~gCN~ouo
~>1lE~~g~
Ci.. > E Q 11 -c :-e :;
~O~~~~=g~
i-l-rv~ww-"'c
O ~ <il .5 ~ ~ ~ 'E
~ >- ~ 0 '" '- 0
a ~ "'o..~'-'- v
CfJ",o.EV-o--.;;
D._..J~wa~~
uv
~ Q.
~~
o "
o E
:0
1; Q.
o W
~ -J::
Q. ....
>-=
~ '"
>--2
w '"
~ -J::
'" ~
Ki >-
v ~
V ::J
a 0
-E
5 '~
0') .-
c w
...:.52. c:
"'. 0
E-o
~ w
o >
'-'- '"
~-J::
'"
W 0
>- c
0')
CL c
I g;
:2.2
u"'
, v
c 0
0-
'Z W
'" c
0')
c
.~ ~
o -E ~
.,.C .~ ~
~ --0 .~
~ ~ ra
:2 --g ~
-2 ~ .~
c'
.~ ~ --0
--g :~ .8 (5
,9 w 81
~ w 0 ::J
,~ 6 0:.2
-VCNO
:; ,~ .~ r-.. ~
0"'.8<7711
uww~~8
(G ...z .~ --L: tJ'" 0
-'" E is.. -;;: v '
~ V'l c:
o Q.1~ 2 '<t
~ -h-I ~ U'I
; ~ ~ E -::::: i;A:
OJ ..2 .~ 8 '" :B
c "'..2 ,= :; ~
~ .c fO rc ~ r--.
8 iJ c' 2 .~ ,~
6 '" .2 ~ w
--L -E ti t: .~ ~
~E2"'is..~
~.~~-:5ty~
...... _ c '_...!:. >
:5-oJ ~I-~
o~ ~:::20' w
~-WOOE
0u...&i.i08
~ I- ~ ~ 1,1)' ,=
~-E OCN-
o '3: E 6 ~ ~
2V)~c
~............--o c:
'5 g> (5 <i"i fO
..D 'iJ i.i --g ~
~~~::J--E
~~..2.t 3:
'"
w '"
>. ~ W c:
tic: >.,uO
~ 3 ~::r:; .;: ~
-1J ~ ~ -c ~ 'g
-0 g'-o ~ ~ ;;.:
~ -.:.a c ~'U
~~rc~~--E
E ,= ,~ W.2 >-
.~ ~ E W tJ ...D
v E -J:: ",-0
~ '~ '~ : ~ ~
C:~~~-:50
,,g ~ -"' -0
"'E-gW"c
'g Cii ~ ~ 8 ~
'" ~ v ..2
<c~~~B
~~~~~~
~ ::J cOre c; ro
c -0 .= ~ ~ ~
6 .2 z ~ 8 .=
~ "' '3 ',: g .c-
o 'iJ -0 :; -:: .15
I ~ ~ ~ -5 ,~
fOramw
'" W c ,~ .8 '0
~ ~ :8 -a -u 0
-e E w v
5 0.: j;..,g ~ w
uI , ~-E
Vl~g>~~Vl
~ u '3 iJ '"
~>.oErc~
O..DE~-E~
w :5
-0 0
'S: >-
e 0
o..~
o~
U'I ra ~
--e;'u ~
I- ~. '" Q..
V1..:.2~~rr)
"---u :> .- 0.
>-CO~M
-.B"'''::----:!!o
w 0')- 0.. '
E ,= cn ~
'"
c c
'2 ~
:5 ~
U ~
-0
,= ~
O')~
.s'"
:>
~ g'
'",
'0 .g
-ti -
2"'g
w 0
-E v
.8 ';;;
'"
-j,-g
~ w
0') u
c -
'Z ro
ti t;
O"l .S:
~ .8
-0 W
c E
'" 5l
>--
-D
W,..--.,
'" --g ,2
~ E "'
r'O c:: 'u
o ~ g
~ -.n to
w '"
K; ~ W
E -J:: c
o '" ~
-J:: c:: 0
'" w
~ Q. E
w..,.., 0
c ~--e;
.~ fU ~
-E -0' ~
o ~ 0
.-g ~ ro
-oviJ
~ ~ is..
o c Q.
E w '"
w w
~ ..D -E
'" w
~J]
w
c
'~
o
w
E
o
-J::
:;
o
U
tJ 5-
~ ~
o E
Q. ;~
ci: W
~ :> '"
W W W
~ 6 ~
ra to f,f}
" W 0
~ ~ 0
If) -J:: -0
1::
::;,
o
U
'^
(>I
....:r.
1U
cS
w
v
C\i .~
w
I:;; a
~ 0.
g<(
E W
od:
I
(>I
u
<:;
.2
a.
E
o
U
<::<>lS
(>I >-
(>I U
t5~
:;:: ::I
ti ~
~O
~
u::
W
0..
0:
....
'"
ro ~ u u - ~ It!... ..... 'v - c::: 'v 0 11.1
-<:::'o.l co.. w ~...2CN:::":: "':; c-:5 ~'-'-
--<0:: 0 '" E ,~ E w '<t go'" W -0 0
.c- 0 0' w'-'- >-=2 u '" 'Z ~ J:! E ,~ g>
~ CN U c ;5~_ ~ u'l ~ .~ B...2 ~ 8 ~:~
O"'.....l'Oro C!;JC:U1~'---yr.n '-"-1-1
o '- >- V'I 0. 0 Q. Ci ... fO .~ ~ ti
ctJ!-c '" '" Q ~~ Q f5--~~o~--fj
8 E 8 g E ~ ,; 0 ;.,s ~ ~ ,2 ~ ~
l&~CN ~ ~J:! ~ ~ ~ a~'5 ~ ~
.- c: C :>;. 0 C\I U) ~ Q..... c::: ~..:..i: -:-2 '.;:i
o "_ ~ I..... U -.;;;t ,- 0 ~ .~ c: 'Z VI I\)
'- 0.. '" z 0.. ~ 0.. W w " ~--c
~E~~>l-..rU~E>E>~U~:::
:::.,:: 1l1~~J)~ 8~ 8 ~ ~ ~ 5...2
'"
.J
'"
cn
c
~
-0
-0
'"
.8
W
..D
'"
0')
c
'[;
..D <il
11 rn
'" '"
.~' ~
...>< E
o r;:
~ '"
..D
.8 w
~-:5
~ .S
~ t
'" >-
0')--0
.= -0
'> c
~ '"
-0 iii
w-J::
~ ~
'2 ~
w w
N
2:- .~
"'
~....2
w c
~ ~
-c 0
>-
E
~ .~
~ ~
gI
E
o 0')
-c c
'",
'" 0
D') '-i:J
.= -u
(>I c
...D 0
'5 v
o .;;;
...D
'"
-0
c
1U c t: '"
o ~ ~ ~1
~ a. .... w
~ ::J .. -t: :e
olj~;!o
d:O<(~~
:~ ~ ~
3 ~ ~
~ 5 't:
82 '"
w -0 0
-J:: c V
"">-
OJ
W-J::
EU
o ...
v v
~ 2
g 0
LJ.J
2
~O
';-I
CfJ '" (Y)
Q-co
Ci. .9- 0
A-'5i<>l
"l. " w
Y-E-5
>&-2
<( 0') '"
c ~
Z .~ g
-.JO:t:is..
<(~2g
~ <( 51 .'5
2 ~ ~ w
t!i-.J~~
WOJ~
~<(~
o:C U
:I~~
'"
'3
.8 .is .8 w
]:-0 t: ~~
2 j ~ ~~
uw:o-o1l
~ 2 ~ ~ :~
~o K1 ~ ~
~ I -s;: .~ -0
r-- ro~1j
E " 0')
~1l-'6 ;~
o c 'S ~
is.. .- ..D -0
c g c ~
,,gOEW
~ 00' ~ 5
W .- 0 0. v
~ --g 00 It! .S:
--O--ijb9'.8~
-t~~ .~ C!J
0..-";12.J5 E
EcrcroU'i
8~~iE
--0
c
--2
W
~A"'-o-C
:B L:::: c I-
~ ~I ~ C W
~ -E :2 .,g ,~ 6
~>-o..W~
~...DE:::~
rr\ 0 -0 ~ ::J t:;::;: ~ to
~01C:Vv'lO:J~C:
Oc:.....c.I1Jc::V1~O
CY~ ~--E'; ~ ~i6
('\ >is..~~..2g-g
\....l,.tJo..C!J...... ''';::;~
c: fO"12 t:O ---0 rc .....
-.Jw",---,wN",
~ J! ~ 8:5 ~ '~:]
-,:BCLO-<:::'E~'"
O:::::-J::I~--<O::OOi.i
<~ v'I~U-;ol....
o..~ ,~ '" W c 0
-.J ~u c o.-:5.Q ~
<(' c :> 0 ~ 0')-0
'OWE'>:>WW
2 ~ ,~ E Z; Q. ; ~
O~~802o5
- .~ :0 o...:c ~ ~ ~
cD ~ .~ ~ .~ ~ ~ "lJ
~ W 0""" OJou..D-
-c ~ C > 0 E 0
I-~",Ocn:>v
0">
c
"> ~
(5 E
~J?
2
<(
~j
W c
~ ~
c: 0 ~
..2V132--o
~ .~ Q ~
-:58CL2
:~ ~
W E
E 0
o 0
v ---0
.= ~'~
W c
~ ~ CN
c
.~ '3: 3
:> '"
'" '"
~ 1\1
.......
(Y")
'----"'
....
'"
]i';
u c
'" '
(>I
~ -J::
'" E
~ ,~
u ~
Bj
~ 0
~
,-
.-
...
<:[
..
.;
...
"
wCL
-EI
-:5~oo
'3 U ~
'0""2
'3 w
o fO \J
V B ~
c
~
~CN~~~
OO'>E..D
coo 0. '"
'E CN -O..Q :g
".8~~~
o",~C!Jn..~
~o-t:J-oIq
"'"'-<:::' -
:;0. o~
U
>-
W
-J::
I-
W
'"
W
~- -c
'" ~
~E
"' '"
-:5 g '~ '"
--ot.l:o-2
L': '0 U'I V1 V'I
2 ~r---g~ U
"'~:>I-w
cn '" u... '0'
tiEil..Uga
E -0 ~ 'E-- ---;;;
~ '" 0 c
-i ,~ I \() :~
-0
,g (f2
[0
W ~
v '"
c
'" c
'0.. 0
E '~
0'::'=
V.J5
~ '"
"'-c
~ ~
~ .J5 '-'-0
'~ It'
~ -c c
[ ~ .Q
o '"
is..~ 'E
-0
~ -0
<77 '"
~ W
W W
'> ~
0-:5
:< Q ~ ~
........ ~ c: ...t--J .::;
~~ i~ ~
E~,,"'2
~~-or:;-\J
c:: W W
g> --g :> E OJ
._ '" '" 0 c
--0 c:: ;0 --J::: "t:
3.EV10n.
.U; E ~ W
1l '" 0 ----- ~
> o-....t:::. fO---e:;
'B~~~CL
~o=-g<(
.2-- -c >: ~ L? >-.
~ ~ c: VI' co ~
~ Q ~ C!Jo..-o :>
Wo..:> cO
(j o.U;g ",U
::J ru r....na.. Vl
~ -;0 vi~... I ~
~ ,2 ~ ~ ~ U
CL ~..2 Ie U .=
I "-. ~ U'I
'" ,:::i -D .,; WE
~ Vl tO~
U-2'OI~..2
r;.-
""-
L
c
"
(>
'"
(>
,
1'"'
. ... - - ..
W '"
~ ,15
-0
'"
:;
1l
-c
~ "'<t
"'0
cnO
c CN
"'fl,-,-
CfJ
':::L
2003 DISCOVER MONTICELLO AD PROOF
I.). iSCOH:r:~"'I~"" :.':..'.'..'..~.'...,., ,.':j..' ' ';
~;~ ..:,;.... '..~. 'Ir"'\,!"""~
Monticrllci. ';'A'" '"
.. ""'c. 9
Tj.'..:..~.."''''.:.'.,..''...'.:.;..'....'.:.'...,:.''.......~'
. " ,.~ ~:v~~::':':,.
,,"..- .<~"'-~.
-'
:;::.::il.:',:;::;~. .' , " , ""
~'''~". "
,~~,:t~ ',' A; ",tf~}:{.:~~;:
./~ ". ~,.
~--:"'\:,..,. ./1Ir~:
,;J;:11L ' L~USlness DI"ect0T'l'
.' \'i. Kesource Guice
J
S \J
;CUSTOMER INFORMATION - 6/16/03
Ollie Koropchak, City of Monticello, Economic Development Director
COMPANY
505 Walnut Street Monticello, MN 55362
ADDRESS
Ollie ph.763-295-2711 (direct: 271-3208)
CONTACT
AD SIZE: Full (be) page
PAYMENT DUE: $650*
*split w/Chamber
Ollie,
Please give me a call to
OK or make changes.
Thanks!
. Michele
This information sheet may be mailed to:
MAJIRSI Advertising & Design
8858 Darrow Ave NE
Monticello, MN 55362
o APPROVED FOR PRINTING
o OK with corrections
~ Need another proof
SIGNATURE
Maki!YDur move
to Monticello. . .
Production Stamping did.
Monticello offers:
. 1-94 access
. Acres af industrial sites
., Talented, educated & energetic warkfarce
. A place to' live and grow
'. Strang financial incentives
Monticello HODsing i.
Redevelopment Authority
Ollie Koropchak. City of Monticello 763.295.2711
Economic Development Director www.ci.monticello.mn.us
. and the.
Monticello Chamber of Commerce
www.monticellochamber.com 763.295.2700
f/
<:6 i)
~....... fJJ-I-IX'IAdveroliSing
l'"U.:ond Design _
.-
MICHELE HERTWIG
58 Darrow Ave. NE, Monticello, MN 55362
BILL TO:
Ollie Koropchak
City of Monticello
505 Walnut Street
Monticello, MN 55362
FULL PAGE AD MONTICELLO HRA ($325) a MONTICELLO CHAMBER OF COMMERCE ($325)
AMOUNT DUE FROM HRA
\ L\ \, SO\ ~ \.{ '7;>q""
\ 0 .
325.00
.
Detach and return bottom portion to ensure proper credit to your account.
_ $325.00
9;Aanb cyaw
MAJIR5! Advertising a Design
Michele Hertwig
8858 Darrow Ave NE
Monticello, MN 55362
763.295"4393
Billing Date: June 16, 2003
. ... ... ..
. -.
RE: 1/2 payment for: Full page DM ad
.
Make Check Payable To:
MAJIRS! ADVERTISING & DESIGN
8858 DARROW AVE NE
MONTICELLO, MN 55362
Ollie Koropchak
City of Monticello
505 Walnut Street
Monticello, MN 55362
TERMS: NET 10 DAYS
A minimum $5.00 monthly LATE CHARGE will be added to any Balance 1$0.01, 5325.00) 30 or Mare Days Pa"t Due; .015% chorse for balances aver $325.00.