IDC Agenda 03-18-1993• AGENDA
MONTICELLO INDUSTRIAL DEVELOPMENT COMMITTEE
Thursday, March 18, 1993 - 7:00 a.m.
City Hall
MEMBERS: Chairperson John McVay, Vice Chairperson Kevin Doty,
Treasurer Ron Hoglund, Shelley Johnson, Don Smith, Lowell
Schrupp, Arve Grimsmo, Jay Morrell, Harvey Kendall, Ken
Maus, Dennis Taylor, Dave Peterson, Linda Mielke, Tom
Lindquist, Steven Lemme, Merrilyn 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 FEBRUARY 18, 1993 IDC MINUTES.
3. CONSIDERATION TO HEAR AND ACCEPT THE IDC FINANCIAL REPORT.
4. CONSIDERATION OF PROSPECT UPDATES:
a) Custom Canopy
b} All-Temp Distribution
c) Wilson Tool International
d) Mike Langer
e) Jim Thompson
f) Kevin Kloeppner
g) Perf-form Products, Inc.
BRE UPDATES:
a) Membership Contact Updates
b) BRE Breakfast, Thursday, April 22.
c) Volunteers for April 7 Site Visit.
5. CONSIDERATION TO REVIEW IDC ORGANIZATIONAL LENGTH OF
MEMBERSHIP TERMS.
6. CONSIDERATION TO REVIEW THE GMEF YEAR-END FINANCIAL REPORTS
AND THE UDAG AND ERG ACCOUNT BALANCES.
7. OTHER BUSINESS:
a) Monticello Chamber After Hours, today, 4:30 - 6:30 p.m.,
Monte Club.
b) Minnesota Business Property Taxpayers "Day at the
Capitol", March 25, 7:30 a.m. - 1:30 p.m.
c) City Permit Fees.
8. ADJOURNMENT.
. MINUTES
MONTICELLO INDUSTRIAL DEVELOPMENT COMMITTEE
Thursday, February 18, 1993 - 7:00 a.m.
City Hall
MEMBERS PRESENT: Chairperson Shelley Johnson, Vice Chairperson
Don Smith, Treasurer Ron Hoglund, Arve
Grimsmo, Ken Maus, Dennis Taylor, John McVay,
Dave Peterson, Kevin Doty, Steven Lemme,
Cyndie Johnson, Mary Micke, and Dr. Glenn
Nemec.
MEMBERS ABSENT: Lowell Schrupp, Jay Morrell, Harvey Kendall,
Linda Mielke, Tom Lindquist, and Merrilyn
Seefeldt.
STAFF PRESENT: Ollie Koropchak.
STAFF ABSENT: Rick Wolfsteller and Jeff O'Neill.
1. CALL TO ORDER.
Chairperson Johnson called the IDC meeting to order at 7:00
a.m.
• 2. CONSIDERATION TO ELECT 1993 IDC OFFICERS: CHAIR, VICE-CHAIR,_
AND TREASURER.
Chairperson Johnson opened the floor for nominations of IDC
officers. Don Smith informed members that he and Mr. Johnson
previously discussed Mr. Johnson's desire to stepdown as IDC
Chairperson and the need for the IDC to move forward. Based
on those previous discussions, Mr. Smith then nominated John
McVay as IDC Chairperson, Kevin Doty as IDC Vice Chairperson,
and Ron Hoglund as IDC Treasurer. With no other nominations
from the floor, Chairperson Johnson ceased nominations and by
membership consensus the nominated individuals were elected as
1993 IDC officers. IDC members expressed their appreciation
and thankfulness to Mr. Johnson for his years of excellent
service and leadership.
3. CONSIDERATION TO APPROVE THE JANUARY 21, 1993 IDC MINUTES.
Mary Micke made a motion to approve the January 21, 1993 IDC
minutes. Seconded by Kevin Doty and with no additions or
corrections, the minutes were approved as written.
4. CONSIDERATION TO HEAR AND ACCEPT THE IDC FINANCIAL REPORT.
Since the January balance of $18,022.42, Treasurer Hoglund
• reported interest of $43.47 and disbursements of $15,634.14,
City of Monticello; $13.80, BRE Genereux Tour; and $25.25,
Prospect Visit (Harvey Kendall mileage. Current IDC balance
IDC MINUTES
FEBRUARY 18, 1993
is $2,392.70. John McVay made a motion to accept the February
IDC Financial report. Seconded by Arve Grimsmo and with no
further discussion, the report was accepted as given. With
the noted IDC balance, Koropchak proposed requesting the City
Administrator transfer the City's 1993 budgetary contribution
to the IDC.
5. CONSIDERATION OF PROSPECT UPDATES:
a) Custom Canopy - Koropchak reported having received the
executed TIF Preliminary Agreement, $5,000 check, and
GMEF Preliminary Application request of $100,000 from
Custom Canopy. The estimated development cost is
$467,000 and will create 13-16 jobs. Prior to
authorization to establish a TIF District, the existing
facility will be visited, a copy of land purchase
agreement and bank commitment will be secured. The
financial package will consist of TIF pay-as-you-go,
GMEF, bank, and equity sources. The company is
considering Lot 6, Block 2, Oakwood Industrial Park or
property in the Monticello Commerce Center.
Koropchak informed IDC members that city staff is
• scheduled to meet this afternoon with Mr. Charlie
Pfeffer, his planner, and Dennis Taylor. The
presentation will consist of preliminary concept plans
for development of the Monticello Commerce Center area.
Thereafter, the intent is to invite Mr. Pfeffer to the
March IDC meeting.
Based upon the GMEF $100,000 request, Don Smith
referenced Mayor Maus' comment that "the GMEF was created
for emergency/gap financing and the Liquor Fund source
may run dry" and requested a report of the GMEF accounts .
b) Wilson Tool International - Mr. Kendall, Mr. Hoglund, and
Koropchak visited Wilson Tool in White Bear Lake on
January 26. The company manufacturers tool and die press
punches, appears to be well-management, and is a quality
company similiar to Remmele Engineering. Two financial
options were offered in the submitted $2,155,000
packaging proposal. Upon the direction of the EDA, a
$400,000 interest-free REA loan was not part of the
package. Tam Emery visited industrial sites in
Monticello, Saturday, January 30, as expressed through
the enclosed letter. Monticello remains in the running
as Mr. Emery was impressed with our location. Faribault
and Owatonna are other Minnesota communities being
researched. Wilson Tool reports a delay of two to three
weeks before site selection consideration. In response
to Mr. Doty's question of the potential use of Industrial
Page 2
• IDC MINUTES
FEBRUARY 18, 1993
Revenue Bonds, Koropchak reported she had inquired of the
same question to BDS. As per BDS, Industrial Revenue
Bonds were not part of the financial package because of
the current lack of sellability. The IDC suggested
utilizing the REA program to further encourage Wilson
Tool.
c) All-Temp Distribution - A meeting has been scheduled for
February 23 with the Hoglund Family, the City Engineer,
Mr. Holman, BDS, and city staff to discuss potential
development of the Hoglund Property. Mr. Holman's
proposed 50,000 sq ft refrigerated facility requires the
need for rail now and in the future. Lunch has been
scheduled for 12:30 p.m. at the River Inn and Koropchak
asked for volunteers to join. Don Smith, Shelley
Johnson, and John McVay responded.
d) Perf-form Products, Inc. - This Big Lake company proposed
to construct a 6,000 sq ft facility at a cost of $140,000
in Elk River. Due to an unwilling seller, the company
owner has expressed an interest in the City's small lots
along Dundas Road. Koropchak informed IDC members that
Council would be considering a new agreement between the
City and The H-Window regarding the six city-owned lots.
. Originally in 1990, a First-Right-of-Refusal was placed
on Lots 1, 2, and 3. And in 1991, a resolution was
adopted holding Lots 1, 2, 3, 4, 5, and 6 for The H-
Window. This expired December 1992. The proposed
agreement extends the holding of the three-westernly lots
and places a first-right-of-refusal on the three-
easternly lots through May, 1993; thereafter, a decision
by the H-Window or Norwegian Board of Directors will
assist in determining the June 1 land holding or purchase
option agreement. Council or city staff will also need
to determine a purchase price for the property. Mr.
Lemme approved of the proposed agreement and informed the
IDC that the Norwegian Board of Directors look at the
broad picture and their long-term needs. Although, the
company owns 10 acres at their present site they wish to
prevent becoming landlocked. Plans are for a one million
dollar expansion late fall/early spring along with the
announcement of a new product line. The company remains
interested in Monticello and highlights its excellent
work force as a leading determinant. The IDC extended an
offer to assist with the Norwegian Board of Directors
visit in May. Mr. Lemme appreciated the IDC offer.
e) Circuit Technology, Inc. - Koropchak reported she
followed through on the expressed Seefeldt interest to
• Page 3
IDC MINUTES
FEBRUARY 18, 1993
lease space to Circuit Technology. However, the two
parties have not met nor has arrangements for a meeting
been made.
f) Recreational Parts and Equipment - Upon the HRA's
decision to assist the company through the TIF pay-as-
you-go financial method based on tax increments generated
by the warehouse only, Koropchak telephoned the company
in Maryland. The officials plan a Minnesota visit in the
near future.
g) Commercial Greenhouse - Koropchak reported Mr. O'Neill
was to set up a meeting with township or county officials
regarding this development and others-of-liking as
outlined in the Economic Work Plan. John McVay informed
the IDC of the company's interest in properties near
Prairie Acres (south of Monticello) and in Becker.
BRE UPDATE:
a) Genereux Tour Feedback - Members who toured the facility
viewed the operation as very impressive and noted Mr.
Tapper's enthusiasm of his business.
b) BRE Breakfast - The BRE Breakfast date has been confirmed
for April 22 at the Riverwood Conference Center starting
at 7:30 a.m. Koropchak noted the letter mailed to
twenty-seven industrial businesses referencing the
upcoming breakfast date. The BRE Committee will plan and
host the breakfast. Mr. McVay offered to inquiry of
NSP's interest to co-sponsor the breakfast.
6. CONSIDERATION TO REVIEW COMMITTEE VOLUNTEER LIST AND A BRIEF
BRE VTSTT ORIENTATION.
Koropchak presented IDC members with a copy of the 1993 IDC
Committees and BRE Program listings as prepared from the
returned volunteer sheets. Members were assigned according to
their request and were asked to review the list for accuracy.
Team BRE groups are responsible far coodinating their
respective visits or contacts. Next, Koropchak presented
members a copy of the BRE objectives and suggested tasks, and
highlighted the first task: Invite and/or accompany your
assigned business representative to the BRE Breakfast on April
22 and to encourage the sharing of something about the
business or business representative. Don Smith, a leader and
strong supporter of the BRE program, encouraged members to
make two-three contacts during the year. Adding, a developed
BRE relationship enhances the creditability for our committee
and the City of Monticello.
Page 4
IDC MINUTES
FEBRUARY 18, 1993
7. CONSIDERATION OF STAR RECERTIFICATION DATES:
a) Koropchak noted the 1992 Activity Report enclosed with
the agenda and commended the IDC on their
accomplishments. Required Star Recertification materials
were mailed on Friday, February 12, to meet the 16th
deadline.
b) Koropchak noted the 1993 Community Profile is currently
being updated and will be submitted Friday, February 19,
to meet the MTED deadline for annual publication.
c) Koropchak noted the enclosed letter establishing April 7,
3:00 p.m. as Star Recertification Site Visit date for the
City of Monticello. IDC members will be solicited at the
next meeting far participation in the site visit.
8. OTHER BUSINESS.
a) Consideration to review proposed City Permit Fees -
Koropchak presented IDC members with a copy of the City
Permit Fees to be reviewed by the City Council on Monday
night. Dr. Nemec questioned the rationale of a $10,000
deposit for landscaping when the Hart Clinic's total
landscaping costs were approximately $4,500. Due to the
short notice, members were encouraged to contact city
staff or elected officials regarding permit fee comments
or questions.
b) Consideration to review proposed City/H-Window Land
Option Agreement - Covered under agenda item number 5d.
c) Chamber General Membership Meeting, 11:50 a.m., American
Legion. Program is discussion of Chamber meeting's when
and how to. Cyndie Johnson briefed members on a proposed
bill regarding industrial-transportation packaging.
9. ADJOURNMENT.
The IDC meeting adjourned at 8:25 a.m.
~,(~,~~
Ollie Koropchak, IDC Ex~utive Director
• Page 5
r
INDUSTRIAL DEVELOPMENT COMMITTEE
LENGTH OF MEMBERSHIP TERM: Members shall serve for three year
terms on a three year rotating basis so that approximately one-
third of the membership expires each year. Individuals wishing to
continue serving on the committee may so indicate prior to the
expiration of their term. Any member wishing to relinquish his/her
position on the IDC may do so by submitting a letter of
resignation.
TERM
December 1993
December 1994
December 1995
MEMBER
Linda Mielke
Merrlyn Seefeldt
Dave Peterson
Arve Grimsmo
Ron Hoglund
Kevin Doty
Steven Lemme
Dennis Taylor
Jay Morrell
Shelley Johnson
Ken Maus
Tom Lindquist
John McVay
Harvey Kendall
Lowell Schrupp
Don Smith
•
MONTIGLLLO ECONOMIC DEVELOPMENT AUTHORITY
GREATER MONTICELLO ENTERPRISE FUND (GMEF)
Balance Sheet
December 31, 1992
ASSETS
Cash in Bank
Notes Receivable - Tapper's Inc.
Notes Receivable - Muller Theater
Notes Receivable - SMM, Inc.
Notes Receivable - Aroplax Corp.
Appropriations Receivables -
1991 UDAG
1992 UDAG
1992 Liquor Fund
TOTAL ASSETS
FUND EQUITY
.Fund Balance
Reserved for Participation Loans
(Economic Development)
TOTAL LIABILITIES AND FUND EQUITY
$ 32,822.33
83,257.09
47,685.62
49,871.18
83,967.86
65,000.00
20,000.00
115,000.00
$497,604.08
$497,604.08
$497,604.08
•
• MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
GREATER MONTICELLO ENTERPRISE FUND (GMEF)
Statement of Revenues, Expenditures and Changes in Fund Balance
For the Year Ended December 31, 1992
REVENUES
Appropriations -
1992 Liquor Fund
1992 UDAG
Interest Income - Notes
Interest Income - Investment
Loan Fees
TOTAL REVENUES
EXPENDITURES
Legal Fees
Service Fees
Int. Adjustment - Notes
TOTAL EXPENDITURES
• Excess of Reven~zes Over Expenditures
FUND BALANCE - Beginning of Year
FUND BALANCE - End of Year
$115,000.00
20,000.00
11,006.26
696.78
2,085.00
$148,788.04
$ 977.50
210.OC
1.74
$ 1,189.24
$147,598.80
$350,005.28
$497,604.08
•
• MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
GREATER MONTICELLO ENTERPRISE FUND (GMEF)
1993 Cash Flow Projection
BEGTNNING CASH BALANCE, January 1993
RECEIPTS
Appropriations, Expected $200,000.00
Notes Amortization Payments -
Tapper's Inc. ($736.07 Mo.) 8,832.84
Muller Theatre {$418.22 Mo.) 5,018.64
SMM, Inc. ($316.32 Mo.) 3,795.84
Aroplax Corp. {$1,241.73 Mo.) 14,900.76
Interest Income - Investment 700.00
Loan Fees 3,000.00
TOTAL RECEIPTS
TOTAL BEGINNING BALANCE AND RECEIPTS
EXPENDITURES
•GMEF Loans -
Custom Canopy
All-Temp Distribut
Wilson Tool Intern
Legal Fees
Service Fees
TOTAL EXPENDITURES
$ 35,000.00
ion 75,000.00
ational 90,000.00
3,000.00
315.00
EXPECTED CASH BALANCE, December 1993
$ 32,822.33
$236,248.08
$269,0?0.41
$203,315.00
$ 65,755.41
• GMEF LOANS
March 1?, 1993
Economic Development Authority (EDA) was created in 1989.
USES
Tapper (1990)
Muller (1990)
SMM (1992)
Aroplax (1992)
TOTAL USES
$ 88,000.00
$ 50,000.00
$ 50,000.00
$ 85,000.00
$2?3,000.00
SOURCES
Liquor Fund
1991 to GMEF
1992 to GMEF
Total Liquor Fund
$ 73,000.00
$115,000.00
$188,000.00
UDAG
1991 to GMEF
1992 to GMEF
Total UDAG
• TOTAL SOURCES
$ 65,000.00
~ 20,000.00
$ 85,000.00
$273,000.00
C:
•
•
UDAG FINANCIAL REPORT
March 17, 1993
PAYBACK BEGAN IN JANUARY 1988 FOR 12 YEARS ENDING IN JANUARY 2000.
ANNUAL PRINCIPAL AND INTEREST PAYBACK TOTAL IS $27,971.40.
ORIGINAL
PAID
$ 98,953.68
~ 43234.27
$142,187.95
REMAINING
$158,004.03
4L 35, 464.82
$193,468.85
Principal
Interest
TOTAL
$256,957.71
$ 78 X699 . 09
$335,656,80
REVENUES
Principal Payback
Interest Payback
Interest Income - Investment
1990
1991
1992
TOTAL REVENUES
$ 98,953.68
$ 43,234.27
$ 3,562.62
$ 8,593.59
$ 8436.32
$162,780.48
EXPENDITURES
1991 Transfer to GMEF $ 65,000.00
1992 Transfer to GMEF ~S 20000.00
TOTAL EXPENDITURES $ 85,000.00
FUND BALANCE FOR ECONOMIC DEVELOPMENT
January 31, 1993
$ 77,780.48
•
LJ
STATE ECONOMIC RECOVERY GRANT
March 17, 1993
PAYBACK BEGAN TN DECEMBER 1992 FOR 7 YEARS ENDING IN NOVEMBER 1999.
ANNUAL PRINCIPAL AND INTEREST PAYBACK TOTAL IS $29,801.40.
FIRST $100,000 PRINCIPAL PAYBACK ENDS APRIL 1997.
PAID
Principal
Interest
TOTAL
$170,000.00
$ 37,969.92
$207,969.92
$ 5,327.90
S 2.122.45
APRIL 30~ 1997
Principal
Interest
TOTAL
$170,000.00
$ 37,969.92
$207,969.92
Principal
Interest
Interest Income - Investment
TOTAL REVENUES
EXPENDITURES
Transfer to GMEF
TOTAL EXPENDITURES
$ 7,450.35
GMEF
$ 99,400.23
S 31.803.44
$131,203.67
$ 5,327.90
$ 2,122.45
~ 0
$ 7,450.35
$ 0
$ 0
FUND BALANCE FOR GMEF, March 17, 1993
REMAINING
$164,672.10
S 35.847.47
$200,519.57
STATE
$ 70,599.77
$ 6,166.48
$ 76,766.25
$ 7,450.35
LJ
1993 GMEF PROJECTIONS
(No Interest Income - Investmennt)
GMEF CASH BALANCE, January 31, 1993
UDAG CASH BALANCE, January 31, 1993
STATE ERG CASH BALANCE, March 17, 1993
GMEF BALANCE, January 31, 1993
LOAN DISBURSEMENTS AND TRANSFERS
Custom Canopy, April 1993 $ 42,500.00
GMEF BALANCE
Transfer from Liquor Fund Appropriation
GMEF BALANCE
Wilson Tool, July 1993 $100,000.00
GMEF BALANCE
Transfer from Liquor Fund Appropriation
GMEF BALANCE
All-Temp, July 1993 ~ 80,000.00
$222,500.00
GMEF BALANCE
PROJECTED PAYBACK
~3DAG, January 31, 1994
STATE ERG, January 31, 1994
GMEF, January 31, 1994
Tapper $ 8,832.84
Muller $ 5,018.64
SMM $ 3,795.84
Aroplax $ 14,900.76
$ 32,548.08
TOTAL PROJECTED PAYBACK
GMEF BALANCE, January 31, 1994
$125,ooa.ooo
$ 60,000.00
$185,000.00
$ 27,971.40
$ 24,834.50
$ 32,548.08
$ 85,353.98
$ 32,822.33
$ 77,780.48
~ 7450.35
$118,053.16
$ 75,553.16
$200,553.16
$100,553.16
$160,553.16
$ 80,553.16
$165,907.14
•
GMEF LOANS
GMEi LOAN N0. 001 - TAPPERS
BALLOONED IN 7 YEARS. ($736.07)
8-13-90 $ 2,944.28
91 8,832.84
92 8,832.84
93 8,832.84
94 8,832.84
95 8,832.84
96 8,832.84
97 5,888.56
BALLOON PAYMENT 70,989.14
PAYBACK
$132,819.02
$88,000 8~ AMORTIZED 20 YEARS
GMEF LOAN N0. 002 - MULLER THEATRE $50,000 8ro AMORTIZED 20 YEARS
BALLOONED IN 5 YEARS. ($418.22)
12-1-90 $ 418.22
91 5,018.64
• 92 5,018.64
93 5,018.64
94 5,018.64
95 4,600.42
BALLOON PAYMENT 43,762.79
PAYBAC:{ $ 68,855.99
GMEF LOAN N0. 003 - NULL AND VOID
GMEF LOAN N0. 004 - BARGERS $50,000 4.59b AMORTIZED 20 YEARS
BALLOONED IN 5 YEARS. ($316.32)
12-1-92 $ 316.32
93 3,795.84
94 3,?95.84
95 3,795.84
96 3,795.84
9? 3,479.52
BALLOON PAYMENT 41,350.00
PAYBACK $ 60,329.20
•
GMEc LOAN N0. 005 - SCHOENS $85,000 6o AMORTIZED ? YEARS
($1,241.73)
12-1-92 $ 1,241.73
93 14,900.76
94 14,900.76
95 14,900.76
96 14,900.76
97 14,900.76
98 14,900.76
99 13,338.57
PAYBACK $103,984.86
11-24-92
PREPARED BY OLLIE KOROPCHAK
GMEFLOAN.ACC
•
Council Agenda - 3/8/93
7. Consideration of reviewing year-end liquor store financial reports.
(R.W.)
A. REFERENCE AND BACKGROUND:
Enclosed you will find the year-end liquor store financial report outlining
revenues and expenditures for the year, along with net income. The report
compares revenues and expenditures with the previous year, 1991. Joe
Hartman, along with myself, will be at the Council meeting to answer any
questions you may have concerning this report.
To briefly summarize, sales for the year were up approximately 5.8% over last
year to $1,494,000. The cost of goods sold also increased 6%, but our gross
profit still, dollar-wise, was up $16,395 over 1991. Although the gross profit
did increase, so did expenses by $24,300, resulting in an operating income of
$143,758, which was approximately $8,000 less than last year.
When reviewing the gross profit percentages, overall gross profit percentages
of 23.2% is in line with our expectations, although we are investigating the
wine gross profit, as it appeared a little low. Overall operating income
i percentage at 9.62% of sales is slightly under what we had hoped for in the
10% range. As you will also note, the report indicates that $720,417 was
transferred from the liquor fund during the year. An amount o has
been transferred to date for the public works building expansion project, and
has been utilized for the revolving loan fund loans to Aroplax and
part of Suburban Manufacturing's loan. After taking into account these
transfers, the liquor fund still has approximately .
Part of the $280,000 surplus has been earmarked for additional revolving loan
funds totaling $115,000, and there will also be additional transfers necessary
when the public works building is finalized.
No specific action is needed by the Council other than review of the year-end
report as presented.
•
13
•
1993 INDUSTRIAL EMPLOYMENT
COMPANY 1993 1992 SUR BRE
NSP NUCLEAR PLANT 340 330 +10
SUNNY FRESH FOODS 175 180 -5
FSI 125 165** -40
BONDHUS 91 90 +1
FINGERHUT 84 ?7** +?
REMMELE ENGINEERING 60 60 -
NSP TRAINING CENTER 43 +43
GENEREUX FINE WOOD PRODUCTS 40 23 +17
ELECTRO INDUSTRIES 38 35** +3
M & P TRANSPORTS 35 38** -3
• THE H-WINDOW 32 30 +2
ABK, INC 32 45 -13
AROPLAX CORPORATION 25
JONES MANUFACTURING 25 20 +5
HOGLUND BUS COMPANY 25* 25 -
DAHLHEIMER DISTRIBUTION 24* 24 -
SUBURBAN MACHINE & MFG 22
BRIDGE WATER TELEPHONE 22* 22 -
LINTER CORPORATION 21 +21
RAINBOW ENTERPRISES 12 12 -
AUTOMATIC GARAGE DOOR 11* 11 -
NSP SERVICE CENTER 11 11 -
TIRE SERVICE EQUP MFG 8* 8 -
• CLOW STAMPING 6* 6 -
• LAKE TOOL, INC
AME READY-MIX
HOGLUND TRANSPORTATION
SMA ELEVATOR CONSTRUCTION
TOTALS
NET NEW JOBS 50
NET BRE JOBS 48
TOTAL NET JOBS 98
* 1992 SURVEY
** 1991 SURVEY
r 1
3
2* 2
1,312 1,214
+48