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IDC Agenda 04-03-1998SPECIAL AGENDA MONTICELLO INDUSTRIAL DEVELOPMENT COMMITTEE Friday, April 3, 1998 - 7:00 a.m. City Hall MEMBERS: Chair Dick Van Allen, Vice Chair Tom Lindquist, Secretary Tom Ollig, Shelly Johnson, Don Smith, Ken Maus, Kevin Doty, Bill Tapper, Bob Mosford, and Chamber Chair Bob Crrabinski. COUNCIL LIAISON: Mayor Bill Fair CITY STAFF: Rick Wolfsteller, Jeff O'Neill, Fred Patch, and Ollit~~>oirih~. CALL TO ORDER. • 2. CONSIDERATION TO REVIEW INDUSTRIAL LAND USE RATIOS TO DETERMINE NEED AND REQUEST FOR PLANNING COMMISSION TO RETHINK THE PROPOSED COMPREHENSIVE PLAN AMENDMENT FOR THE SOUTH AND WEST CORRIDORS. a) Review land use ratio information provided by Northwest Consultants. b) Review land use ratio information provided by other communities. c) What is Monticello's current residential and commerciaUindustrial balance? d) Is this the balance desired? If not, what is a recommended balance? e) If necessary, determine who and the strategy for the recommended balance presentation to the Planning Commission on April 7, 1998. OTHER BUSINESS. 4. ADJOURNMENT. • O t~ ion I tion II Option III Pfeffer C~ eman Land Costs $525,000 ($35,000) $150,000 ($10,000) $150,000 ($10,000) 15 acres Survey, plat. On-site Included ? ? ponding Storm sewer $73,995 $73,995 $73,995 trunk fee Water trunk $ 9,375 $ 9,375 fee Sanitary trunk fee $18,750 $18,750 INFRASTRUCTURE Water 24' In Chelsea 12' - 1,7401ineal ft 6' - 1,600 lineal ft $50 per ft = $87,000 $50 per ft = $80,000 Fire Hydrants Sanitary line 24' In Chelsea 12' - 1,740 lineal ft 6' - 1,600 ft $50 per ft = $87,000 $50 per ft = $80,000 9-ton road In $100 x 1,740 = $100 x 400 ft = 44 ft curb and gutter $174,000 $40,000 $100 per foot City 20% City $34,800 City $8,000 5,280 ft per mile ESTIMATED $598,995 $600,120 $452,120 COSTS TIF PROJECTED $600,000 NPV@ 7.5% 9 years ($975,000) Local match $110,000 Annexation No Yes Yes TIF Yes Yes, modify CMRP Yes, modify CM"ItP Manufacturing Manufacturing • Gas, Mmnegaso Electnc, NSP Tele hone TDS p , Telecom