IDC Agenda 01-20-1994AGENDA
MONTICELLO INDUSTRIAL DEVELOPMENT COMMITTEE
Thursday, January 20, 1994 - T:30 a.=.
City Hall
MEMBERS: Chairperson John McVay, Vice Chairperson Kevin Doty,
Treasurer Ron Hoglund, Shelley Johnson, Don Smith, Arve
Grimsmo, Jay Morrell, Harvey Kendall, Ken Maus, Dennis
Taylor, Linda Mielke, Tom Lindquist, Steven Lemme,
Merrlyn Seefeldt, Cyndie Johnson, Mary Micke, and Dr.
Glenn Nemec.
STAFF: Rick Wolfsteller, Jeff O'Neill, and Ollie Koropchak.
1. CALL TO ORDER.
2. CONSIDERATION TO APPROVE THE DECEMBER 16, 1993 IDC MINUTES.
3. CONSIDERATION TO HEAR AND ACCEPT THE MONTHLY FINANCIAL REPORT.
4. CON
a)
b)
c}
d}
e)
f)
g)
BRE
a)
b)
c)
SIDERATION OF PROSPECT UPDATES:
Pampered Pets, Inc.
Polycast, Inc.
Steinwall, Inc.
Berns, Inc.
G & K Services, Inc.
Dungannon/Monticello Connection
Pete Neergaard
REPORTS:
ABK, Inc.
Standard Iron & Wire Warks, Inc.
Custom Canopy, Inc.
5. CONSIDERATION TO ELECT 1994 IDC OFFICERS: CHAIRPERSON, VICE
CHAIRPERSON, AND TREASURER.
6. CONSIDERATION TO ACCEPT IDC MEMBER RESIGNATIONS AND
CONSIDERATION OF REPLACEMENTS FOR VACATED SEATS.
7. CONSIDERATION TO REVIEW AND ACCEPT IDC YEAR-END FINANCIAL
STATEMENTS AND PROPOSED 1994 BUDGET.
8. CONSIDERATION TO REVIEW THE ANNUAL ASSESSMENT OF 1993 ECONOMIC
ACTIVITIES AND TO REVIEW FOR AMENDMENT THE PRELIMINARY DRAFT
OF THE 1994 ECONOMIC DEVELOPMENT WORK PLAN.
9. OTHER BUSINESS:
a) Metro Phones
b) Dunwoody Institute Tour
c) Anoka/Hennepin-Alexandria Technical Centers
d) Chamber Banquet, January 25, Social 6:00 p.m., Riverwood
Conference Center.
• 10. ADJOURNMENT.
MINUTES
MONTICELLO INDUSTRIAL DEVELOPMENT COMMITTEE
. Thursday, December 16, 1993 - 7:00 a.m.
City Hall
MEMBERS PRESENT: Chairperson John McVay, Vice Chairperson Kevin
Doty, Treasurer Ron Hoglund, Shelley Johnson,
Don Smith, Lowell Schrupp, Arve Grimsmo, Jay
Morrell, Ken Maus, Dennis Taylor, and Mary
Micke.
MEMBERS ABSENT: Harvey Kendall, Dave Peterson, Linda Mielke,
Tom Lindquist, Steven Lemme, Merrlyn Seefeldt,
Cyndie Johnson, and Dr. Glenn Nemec.
STAFF PRESENT: Rick Wolfsteller, Jeff O`Neill, and Ollie
Koropchak.
1. CALL TO ORDER.
Chairperson McVay called the IDC meeting to order at 7:08 a.m.
2. CONSIDERATION TO APPROVE THE NOVEMBER 18 1993 IDC MINUTES.
Mary Micke made a motion to approve the November 18, 1993 IDC
minutes. Seconded by Ron Hoglund and with no corrections or
• additions, the minutes were approved as written.
3. CONSIDERATION TO HEAR AND ACCEPT THE MONTHLY FINANCIAL REPORT.
Treasurer Hoglund reported balances at Marquette Bank of
$10,306.19 and at Metropolitan Federal of $1,899.11 for a
total balance of $12,205.30. Arve Grimsmo made a motion to
accept the monthly financial report as given. Seconded by
Kevin Doty and with no corrections or additions, the report
was accepted and filed. Koropchak reported the total revenue
received from the banquet was $8,600 for a net profit of
$6,244.13.
4. CONSIDERATION OF PROSPECTS:
a) Steinwall, Inc. - The Monticello financial proposal was
prepared and received by Maureen Steinwall. The company
has not made a site selection. The Monticello Prospect
Team is scheduled to tour the Steinwall Fridley facility
on Monday, January 17, 1994 at 10:00 a.m. Koropchak will
mail a letter of confirmation to those attending.
Additionally, Koropchak encouraged IDC members to contact
Ms. Steinwall.
b) Berns, Inc. - Mike Berns cancelled his visit to
Monticello which was scheduled for December 2. Koropchak
• Page 1
IDC MINUTES
DECEMBER 16, 1993
•
has been unable to make contact with him to reschedule
the visit.
c) Polycast, Inc. - Koropchak met with Roy Schulz and his
son on November 23. Company plans are not to expand in
Annandale because of no available land. Lot 3, Block 3,
VIP, Monticello, will become available after January 1,
1994 at an asking price of $14,000 per acre. The Letter
of Intent, $5,000 check, and copy of a purchase agreement
were explained as necessary prior to HRA authorization to
establish a TIF District. Additonally, the contexts of
the Redevelopment Contract and the need for a letter of
credit in the amount of the estimated annual property tax
was explained. Thereafter, Koropchak spoke with the
Annandale City Administrator who acknowledged if the
company was going to lead Annandale he' d prefer they stay
in Wright County.
d) Clow Stamping, Inc. - In an effort to find 28,000 sq ft
of leasing space for a metro industrial company,
Koropchak contacted Rick Clow. In order to increase the
company's efficiency, the company plans to move the
distribution warehouse to Merrfield in 1995. The company
is unable to sell the Monticello facility until 1995
because of an Industrial Revenue Bond clause.
e) Dungannon/Monticello Connection - Enclosed with the
• agenda was a copy of the letter faxed to the Dungannon
District Council which is similiar to the Monticello City
Council. The letter outlined a suggested itinerary and
dates. At this time Koropchak has heard no response.
Don Smith reported that the City of Dungannon had a
population of approximately 25,000 to 30,000 and covered
a much larger area than Monticello. It is assumed that
the visiting guests will not necessarily be Rotarians nor
do we know how many plan to visit Monticello. Their
objective is economic development which includes the
opportunity to visit local industrial businesses.
f) Advanced Food Sciences, Inc. - Koropchak received a
telephone call from Mr. Peter Lytle on Tuesday stating
that Monticello was cut from the site selection list
because Monticello's proposal letter requested corporate
guarantees and he thought maybe Monticello misunderstood
Advanced Food's financial request. Because he and Mr.
Devine liked the community of Monticello, they were
willing to give Monticello a second chance. Rick
Wolfsteller agreed with BDS, Inc., unless corporate
guarantees were provided indicating company committment,
the City of Monticello should not ask tax payers to risk
$15 million for research and development project or
build/lease a specialized 21,000 sq ft building with an
• Page 2
IDC MINUTES
DECEMBER 16, 1993
•
estimated assessed value of $40 per square foot compared
to estimated construction costs of $140 per square foot.
Koropchak asked for input from the IDC members. With no
comment, it is assumed the IDC affirmed BDS, Inc. and Mr.
Wolfsteller's position.
g) Pampered Pets, Inc. - All construction permits have been
issued by the building official. Koropchak has had no
communication with Nancy Volin since the banquet.
BRE UPDATES:
a) Genereux Fine Wood Products, Inc. - Mr. Tapper
anticipates a 19,000 sq ft manufacturing expansion in
1994. Increased property taxes have been estimated and
presented to Mr. Tapper for potential additional TIF
assistance.
b) ABK, Inc. - Minnesota Technology, Inc. has assisted ABK
with preparation of a business plan and Mr. Andrusko has
inquired about the availablity of loan funds from the
City. The company needs financing assistance for
replacement equipment totaling $40,000. This to increase
efficiency, be competitive, and fill drapery orders. The
company hopes to construct a facility upon expiration of
their lease agreement in 1995.
c) Sunny Fresh Foods, Inc. - Jeff O'Neill reported that
Burlington Northern granted Sunny Fresh the right to use
• the Fifth Street right-of-way and Sunny Fresh anticipates
a 1994 building expansion. Although building
configurations have not been formalized, preliminary
plans include construction of loading docks which could
potentially re-route traffic away from Fourth Street.
Don Smith added with the company's increased growth and
employment, Cargill officials have authorized the
dollars; however, debate still exists on "how best to
utilize the authorized dollars".
d} Standard Iron and Wire Works, Inc. - Enclosed with the
agenda was a copy of the letter from the Minnesota
Department of Trade and Economic Development awarding the
$250,000 grant to Wright County for the Monticello
project. The county will loan the grant dollars to
Standard Iron at a 69K interest rate over ten years with
a balloon payment in year seven. Koropchak reported that
a verbal award committment has been received from the
Central Minnesota Initiative Fund for the $100,000 loan
request.
e) H-Window Company - Koropchak reported according to Mr.
Lemme, the H-Window Company will satisfy the State's
additional requested requirements far final application
submittal this week. The City of Monticello's $400,000
grant request to the State is far H-Window equipment.
• Page 3
TDC MINUTES
DECEMBER 16, 1993
•
Building construction continues with the second-floor
office expansion being erected this week.
f) Lake Tool, Inc. - Koropchak reported that Eric Bondhus
and his brothers now occupy the Oakwood Drive facility
which they purchased last year and anticipate marketing
their Minneapolis facility in early 1994.
g) Tire Service Equipment Company - Koropchak reported on a
conversation with Ray Schmidt. Mr. Schmidt indicated the
company was in the process of acquiring another out-of-
state business and that Tire Service has diversified
their product-line to include the production of
automobile service equipment such as tire jacks, etc.
Additionally, he expressed the need for rental space and
the potential to expand their facility in the near
future.
Koropchak asked for BRE reports from IDC members. There being
none, the meeting continued.
5. CONSIDERATION TO REVIEW TDC YEAR-END MEMBERSHIP TERMS.
Enclosed with the agenda was a copy of the IDC Length of
Membership Terms Guideline intended to serve as a reminder for
members. Koropchak reminded members this was established as
a polite-way for IDC members to resign if so desired and was
not intended to encourage resignation. General IDC membership
size is not-to-exceed 16 to 18 individuals. Lowell Schrupp
expressed the likelihood of resigning and Ron Hoglund
indicated he would be filling the IDC membership as Chamber
Vice-President; therefore, two seats may be available. Two
potential replacements suggested were Jim Fleming, an
attorney, and Charlie Pheffer, an industrial land developer.
Membership will be considered at the January meeting.
Additionally, IDC members were reminded "In order to make a
positive contribution to the committee, an annual meeting
attendance of 75~ is expected." Koropchak congratulated Ken
Maus and Ron Hoglund for 100 attendance at the eleven 1993
IDC meetings.
6. CONSIDERATION OF__PROJECT UPDATES:
a) Dunwoody Institute Tour - IDC members indicating an
interest to attend the January 13 tour included Dan Smith
and John McVay. Those unable to attend were Ken Maus,
Ron Hoglund, and Lowell Schrupp.
b) Star City Recertification - As per the enclosed letter
from the Department of Trade and Economic Development, no
formal Star City Re-certification is required. However,
Page 4
IDC MINUTES
DECEMBER 16, 1993
•
Conference Center. "Business of the Year" will be
announced.
b) Chairperson McVay reported a few IDC members have
indicated the 7:00 a.m. starting time was too early and
suggested the IDC try convening at 7:30 a.m.
Additionally, it was suggested to condense the prospect
update by adding to the agenda a one-line supplement
update where appropriate; therebye, allowing more time
for other discussion. In order to improve attendance and
to establish a quorm, the IDC agreed to convene at 7:30
a.m. beginning with the January meeting.
cj Koropchak informed members that the Council authorized
OSM and RCM to begin a facility plan study for the
Wastewater Treatment Plant. The study will include
optional site locations. Chairperson McVay noted the
potential need for two in-takes and two out-takes as a
result of increased muscle-shell in the Mississippi
River. Jay Morrell inquired about the existence of the
once industrial storm sewer managment plan to drain lands
to the wetland pond west of South Highway 25 and south of
the Glass Hut. Because the property is privately-owned,
the water-level cannot be raised according to State or
Federal regulations.
• dj Koropchak reported Christmas greetings were mailed to
industries and ban
uet
t
q
suppor
ers on behalf of the IDC.
Also, a card was mailed to Senator Betty Adkins.
8. ADJOURNMENT.
The IDC meeting adjourned at 8:15 a.m. A reception followed
honoring Lowell Schrupp for his 12 years of volunteer service
as a Housing and Redevelopment Authority Commissioner.
C~<K~
Ollie Koropchak, TDC
.7
~~
cutive Director
Page 6
IDC AGENDA
JANUARY 20. 1994
4. Consideration of Prospect U~dates•
a) Pampered Pets, Inc. - It is my understanding that the
Pampered Pets, Inc. deal fell through.
b) Polycast, Inc. - Having obtained preliminary financing
interest from a lending institution this project moves
forward. Charlie Pfeffer has contacted Mr. Roy Schulz,
exploring his interest in the partially completed
Pampered Pets facility. Mr. Schulz plans to meet with
Mr. Pfeffer this week. Previously was interested in Lot
3, Block 3, OIP.
c ) Steinwall , Inc . - On Friday, January 14 , John McVay, Bi 11
Enders, and Koropchak toured the Fridley-Steinwall
production facility. Although the production area is
short of space causing inefficiency, Maureen Steinwall
has postponed the location decision by six months and now
plans for construction in 1995. Also with the slow
economic recovery, financial statements do not yet cover
the added debt-service of the proposed 3-million, 52,000
sq ft office, production, and warehouse facility.
Cutbacks on the size and design of the facility will be
considered. Concerns raised by Maureen and Richard
Brotherton regarding a Monticello location: a preception
by Steinwall's customers that Monticello is non-metro,
~-. Steinwall's expectation of lower-paying wages in
. Monticello (Aroplax just hired one of their best
production workers who lives in the Big Lake-Becker
area), water table in the industrial zoned areas, no
media publicity, and available technical training. The
company's only environmental concern is the safe
discharge of small plastic particals into the storm
sewer. Koropchak and McVay will respond to these
concerns.
d) Berns, Inc. - Unable to make contact with Mr. Mike Berns
to reschedule a tour of Monticello.
e) G & K Services, Inc. - Typical buildings require 4-acres
and employ 150 people working on two shifts. After the
initial contact and local marketing information supplied,
Mr. Al Turnquist has not been available.
f) Dungannon/Monticello Connection - Enclosed is a copy of
the follow-up from the Dungannon District Council.
Flease note they anticipate a visit to Monticello in
June.
g) Pete Neergaard - Koropchak is meeting today with a
medical equipment machine shop which employs 80
individuals. The companyis looking to expand outside of
the metro area. Interested in local financial
incentives.
Page 2
lUiUl 'Ad 10:29 '1~08ti87 225I1 PLINt;ANNUN PIST C ~OiJl
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• DLIIVGANNC)N AiSTRIC'T COZI~TCII.,
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V4.J: $eattie M_IE$. F.Ii.S~I. COUNCIL OFFICES
:GIerkaoabe Geuncsl .. ~ ~' _ . CIRCULAR ROAD ''
and Chief Eaecutive~r D U N G A N N O N
J'4 CO. TYRONE BT71 sDT
'~ nM'neR-s~o~waEnbont~+m °• - T E L E P H O N E 2 .5 $ i i
- '°.~~R'- ~ ~ ~ FASe(00687) 22841
rovx acF,
acexGr VP,/FT/IISA
Mr O Koronchak
~~'conomic Development Direc:LciY
.250 Fast Broadway
. P. O. Sox 11.4? .
MoIVTICET,LO. MN
`55362-9245
i7 :.5 .A. . .
T:January.1994
Dear Ollie
Many thanks f.or your letter and kind words of expression.
to Mr seattie.and Dungannon .District Council,..
Dungannon District. Council is keen to explore the -
economia twinning with Monticello and its industrial
• development Co;nmittee.
i thank you for your'suggestions regard*~g time schedule
ar.d visit activities. Council would be keen to look at a
June '94 visit. 7Che reason for this is that we are
hosting a European Conferenoe in Dutlganrxon in April 94
and preparation for this is already underway.
In the meantime," ? would be very pleased ~~ you could. .
provide the following:
(1) Detail on local companies who. might be .
:.: ., ,. .. , :. ., ,. interested,.,i.n:
a. Joint Licensing I 1
b. Venturing.
'(2) ,Detail on any company wishing to explore/set up in
the European Community.
RJ.WWkY.M&A.EC.CA.
. ~ (i ), ~ Chief f'itmr¢e 09kxr..
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December 20, 1993
•
Dear IllC f9etnbers
I, hereby, submit a Letter of Resignation as a Member of the
PAonticello Industrial Development Committee, effective December
1993. Due to retirement from business and my anticipated absence
from IDC meetings, I request the IDC consider acceptance of this
Letter of Resignation.
It's been, both, an honor and pleasure to sex•ve an the IDC over
past several years. The best to each of you and much continued
success.
Sincerely,
Lowell (Bud)
Schrupp
•
~/ ~ ~~ F f F w w n h ~~~
`~
P.O. BOX 68 MONTICELLO, MINNESOTA 55362
FORD • MERCURY 295-2056 METR0421-6595 TOLL FREE 800-450-2056
i
December 29, 1993
Ollie Koropchak
250 East Broadway
P. 0. Box 1147
Monticello, Minnesota 55362
Dear Ollie,
Thank you for your letter explaining the new IDC Policy on Attendance.
I feel it is a good policy that will serve the committee well and make
it even stronger and more effective than it is now.
• It is with regret that I must resign my position because at this time
I am unable to make that commitment. I have enjoyed being involved
with the growth of Monticello and perhaps at a later time I could be
considered for a position on the IDC Committee when I can make that
commitment.
Thank you.
Sincerely,
Dave Peterson
DP:cm
1994
_ h701`1TIC.F.LLO IPdDU~:TRIAL ilEVEL~OPMENT COMMITTEE
PRC3.'OSLD Bi1DGET
1992 ACTUAL
DALANCE $ 9,257,50
1993 PROPOSED 1993 ACTUAL
$10,650.27 $10,650.27
i2 V~,.dUE
Bang~uef $ 7,850.00
City Contrib $ 5,.350.00
Chamber Contr $ 2,800.00
Interest $ 246.94
`I~t)T~~~ i~~Vi~i~iJu $~~, t~i4 . 44
Et~PENDITURES :
Sal;'Eienefits $1 4, 576. 6~?
~t3nc1U.~?t $ 2, 542.12
Travel Exp $ C
k'rc~:3~"`,t.s $ 183.66
Mernbershi~~s $ 110 . UO
Seminars $ 0
Market/Adv $ 1,158.80
ERE $ 310.74
Grbk. Recef~t $ 0
i~i:SC~i ii'xn~OUS $ 77.16
ServicE Chg ~ 0
TOTAL EXPEND $1 8,964.17
EALANCE $1 0,650.27
$ 8,500.00
$ 6,200.UC
$ 2,800.00
$ 300,00
$28,5bC.27
$15,634.14
$ 2,750.00
$ 0
$ 500.00
$ 110.00
$ 0
$ 4,129.00
$ 500.00
$ 0
$ 1,000.CU
S 0
$24,623.14
$ 3,927.13
$ 7,950.00
$12,750.00
$ 2,800.00
$ 227.75
$34,378.02
$15,634.14
$ 2 , 355.£37
$ 25.25
$ 95.05
$ 110.00
$ 60.00
$ 4,051.80
$ 295.00
$ 77.60
$ 87.76
$ 10.25
$22,802.72
$11,575.30
1994 PROPOSED
$11,575.30
$ 8,500.00
650 . CC (~33 }
$ 6,650.00
$ 2,800.00
$ ~ iJ t) . () tJ
$30,425.30
$15,552.03
$ 2,'750.00
$ 200.00
$ SCO.CC
$ 625.00
$ 1CG.00
$ 2,COO.OC
$ 500.00
$ 200.00
$ 1,000.00
$ 25.00
$?.3,4£32.03
$ 6, X343 . 2 7
•
MONTIC,';~LG IIvTt~Tl;>TRIAL DEVELOPMENT COMP~;IT'TEE
YEAR END FINANCIAL, COMPARISON
MARCH 1987 MARCH 198$
6v'RIGHT COUNTY STATE BANK
C~IEGKINC: ACCOUTdT $ 159.80 $ 284.88
~+7RIt.;IiT COTINTY STATE BANK
MONEY MARKET $ 3,560.20 $ 5,702.96
SECTJRITY FINANCIAL
MONEY MARKET $ 3,366.95 $ 3,534.60
YEARS TOTAL BALANCE $ 7,086.95 $ 9,522.44
63RIGIiT COTJNTY STATE BANK
CI~IECKING ACCOUNT
WRIGHT COUNTY STATE BANK
h40NEY MARKET
SECTJRTTY FINANCCAL
MONEY MARKET
~'EAP,S TOTAI, BALANCE
~v'RTt;HT COTJNTY STATE BANK
MONEY MARKET
MARt~TJETTE BANK - MONTICEL' LO
METROPOLITAN FEDERAL
MONEY MARKET
YEARS TOTAL BALANCE
.7ANTIARY 1989
$ 314.05
$16,?_96.97
$ 3,693.86
DECEMBER 1989 DECEMBER 1990 NOVEMBER 1991
$ 24.03 $ 86.15 CLOSED
$ 7,957.53 $ 6,104.95 $ 6,237.40
$ 3,922.24 $ 4,082.51 $ 3,030.10
$11,903.80 $10,273.61 $ 9,267.50
DECEMBER 1992 DECEMBER 1993
$ 5,413.87
$ 5,236.40
$10,650.27
$10,326.19
$ 1,249.11
$11,575.30
•
MOPITICELLO INDUSTRIAL DEVELOPMENT COMMITTEE
• 1973 ~IEAR-END FINANCIAL REPORT
Marquette Bank - Monticello
December 1t3, 1993
BALANCE, December 16, 1992
REVENiJE :
City of Monticello $ 6,300.00
12--31-92
Chamber Contribution $ 2,800.00
1--21-93
City of Monticello $ 6,450.00
2--23-'33
MN Real Estate Re-imb $ 640.00
10 -21--93
Banquet '93 $ 7,950.00
11-1-93
St1BTOTAL REVENt1E $24, 140.00
INTEREST:
December, 1992 $ 14.46
January, 1993 $ 29.30
February, 1993 $ 21.83
March, 1933 $ 15.56
April, 1993
May, 1993
• June, 1993 $ 31.09
July, 1933 $ 9.37
August, 1993 $ 9.34
September, 1',93 $ 13.07
October, 1993 $ 8,22
Navc~mt~er, 1x93 $ 22.36
:,TJLT~aTAL' INTk~REST $ 169.60
TOTAL REVENtTE & INTEREST
EXP33NDII'tJRE
M1V Real Estate $ 627.20
12-31-92, #540
Ollie Koropchak $ 5.35
1-3-93 , #541
River Inn $ 12.90
1--8-93, #542
MN RE2a1 Estate $ 627.20
1-8-93 , #543
Business Media $ 417.00
1--8-93, #544
011ie Fyoroprhak $ 6.00
1 -21 -93,#~45
MN C cf C ~: Industry $ 60.00
• 1-21--93, #646
$24,509.60
$ 5,413.87
$29,723.47
City of Monticello $11,634.14
2 -18-~33, #547
•
MN Real Estate $ 637.00
?.-23-'~3, #548
River Inn $ 57.00
2--23-33, #549
Buslriess Media $ 417 , ()0
3-17-93, #550
MN Real Estate $ 627.20
3-1'7--'.33, #551
MN Real Estate $ 640.00
4-15-93, #552
ELjAM $ 110.00
4-15-93, #553
Chris L,ommel $ 72.00
4-15-93, #554
Ri~~erwoad Conference $ 295.00
4-2293, #555
MN Real Estate $ 627,20
5-4-93 , #556
Maus Foods $ 31,17
5-8-93, #557
Little Mountain F1 $ 7.46
5--2U-93, #558
Little Mountain F1 $ 87.76
8--19-93, #559
Monticello Printing $ 40,04
9-15-93, #560
Monte Club $ 2,200,00
11-8-93, #576 (new checks}
Monticello Office Prd $ 9.44
11-9-93, #5'77
Dunwoady Institute $ 100.00
11--~)--sa3, #578
Little Mountain F1 $ 6.3g
11-18--'.)3, #579
City of Mariticello $ 32 , 5$
11--18-93, #581
STJBTOTAL E~{i'ENI)ITURE $19, 387.03
SERVICE CHAKGE
Checks, 11--93 $ 10.25
.1iJ:3I'OTAL SERVICE CHG $ 10.25
TOTAL EXPEPdDITURE & SER CHG $19,397.28
L~ALANCE, De~~embLr 16, 1993
$10,326.19
•
M,ONTICELT~O INDUSTRIAL DEVELOL~MENT COr~MITTEE
1993 YEAR-END FINANCIAL REPORT
Metropolitan Federal
December 16, 1993
EALANCE, December 16, 1992
REVENUE: $ 0
:;[JBTOTAL REVS NtJE $ 0
INTEREST:
December, 1992 $ 13.34
January, 1993 $ 14.1
February, 1993 $ 11.28
March, 19y3 $ 2.55
April, 1993 $ 2.4~i
May, 1993 $ 1.91
June, 1993 $ 1.91
July, 1993 $ 2.39
August, 1993 $ 1.92
Sept~~rnb`r, 1993 $ 2.40
October, 1993 $ 1.92
November, 1993 $ 1.92
StJF3Tt)'TAL INTEREST $ 58.15
TOTAL REVENUE & INTEREST
$ 58.15
$ 5,238.40
$ 5,294.55
•
EXPI3NDITtJRE
City of Monticello $ 4,000.00
2-18-93, #1032
Ollie Koropchak $ 13.80
2---18-93, #1033
~-Iarvey Kendall $ 25.25
2- 18-93, #10:34
2-1~3-93, #1035 VOID
Little Mountain F1 $ 6.39
10--21-93, #1036
Si1t3TOTAL EXUENDTTURE $ 4,045.44
TOTAL EXPENDITURE
BAI'~ANCE, December 16, 1993
$ 4,045.44
$ 1,249.11
•