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IDC Agenda 02-15-1996AGENDA MONTICELLO INDUSTRIAL DEVELOPMENT CONIlVIITTEE Thursday, February 15, 1996 - 7:00 a.m. -City Hall • Members: Chairperson Kevin Doty, Vice Chairperson Ken Maus, Treasurer Ron Hoglund, Sheldon Johnson, Arve Grimsmo, Don Smith, Jay Morrell, Harvey Kendall, Merrlyn Seefeldt, Tom Lindquist, Bill Tapper, Jim Fleming, Councilmember Tom Perrault, Dick Van. Allen, Tom Ollig, and Bill Endres. Executive Director: Ollie Koropchak. 1. CALL TO ORDER. 2. CONSIDERATION TO APPROVE THE DECEMBER 21, 1995, IDC MINUTES. 3. CONSIDERATION TO HEAR AND ACCEPT THE MONTHLY IDC FINANCIAL REPORT. 4. CONSIDERATION TO DISCUSS THE EXISTING ORGANIZATIONAL STRUCTURE OF THE IDC AND OTHER ORGANIZATIONAL OPTIONS FOR ACTION OF A FORMAL RECOMMENDATION. a) Existing organizational structure. b) Non-profit organization. c) Branch of the Chamber of Commerce. 5. CONSIDERATION TO ELECT 1996 IDC OFFICERS. (It is my understanding Chairperson Kevin Doty and Vice Chairperson Ken Maus are not interested in re- election. ) 6. CONSIDERATION OF IDC MEMBERSHIP APPOINTMENTS. 7. COPY OF THE INDUSTRIAL SURVEY RESULTS BY MANUFACTURERS. 8. PROSPECT UPDATE. 9. OTHER BUSINESS. A. CHAMBER MEETING, TODAY, 11:50 A.M., SILVER FOX INN, PROGRAMS: SCHOOL BUILDING REFERENDUM PLANS AND NIlIVNESOTA WASTE WISE. B. WORKPLAN WORKSHOP, Theresa Washburn, Saturday, February 24,1996, Vacated Johnson's Department Store, Two-hour session with committees. 10. ADJOURNMENT. • 1996 MONTICELLO INDUSTRIAL DEVELOPMENT COMMITTEE PROPOSED BUDGET January 31, 1996 BALANCE REVENUE: Banquet Marquette Ban City Contrib Chamber Contri Interest TOTAL REVENUE PLUS BALANCE 1994 ACTUAL $11,575.30 $ 9,475.00 650.00 k 1,000.00 6,650.00 2,800.00(93) 201.68 $32,351.98 EXPENDITURE: Sal/Benefits $15,582.03(93) Retire Debt (99) Banquet 2,432.94 Banquet Speaker 1,000.00 Travel Exp 0 Prospect Team 87.99 Grbk Recept 0 ~Iemberships 625.00 Seminars 83.62 Market/Adv 0 BRE Subcommittee BRE Breakfast 372.06 Education Subcommittee Miscellaneous 20.00 Service Chg 0 TOTAL EXPEND $2 0,203.64 BALANCE $12,148.34 Advertorial ? Land Research Subcommittee ? 1995 PROPOSED 1995 ACTUAL $12,148.34 $ 9,000.00 $12,148.34 $ 9,225.00 1,000.00 0 $ 2,800.00(94) 225.00 $25,173.34 $ 2,000.00(95) 1,500.00(94) 2,500.00 1,000.00 200.00 500.00 200.00 625.00 100.00 4,000.00 500.00 1,000.00 0 $14,125.00 $11,048.34 0 0 $ 2,800.00(94) $ 338.97 $24,512.31 $ 2,000.00(95) 1,500.00(94) 2,102.99 1,000.00 0 0 39.08 500.00 0 0 422.21 68.55 0 $ 7,632.83 $16,879.48 1996 PROPOSED $16,879.48 $ 9,000.00 $ 75.00(95) $ 1,000.00(95) 0 $ 2,800.00(95) S 300.00 $30,054.48 $ 2,000.00(96) $ 1,500.00(95) 3,500.00 1,500.00 650.00 1,500.00 500.00 1,500.00 1,000.00 0 $13,650.00 $16,404.48 U • • MONTICELLO INDUSTRIAL DEVELOPMENT COMMITTEE 1995 YEAR END FINANCIAL REPORT Marquette Bank, N.A. January 31, 1996 BALANCE, January 31, 1995 REVENUE: Chamber of Commerce $ 2,800.00 (94) 4-4-95 Banquet '95 $ 8,725.00 11-13-95 Banquet '95 $ 225.00 12-1-95 Banquet '95 $ 275.00 12-20-95 SUBTOTAL REVENUE $12,025.00 INTEREST: February, 1995 $ 14.74 March, 1995 $ 17.33 April, 1995 $ 25.19 May, 1995 $ .93 June, 1995 $ 34.39 July, 1995 $ 15.04 August, 1995 $ 13.65 September, 1995 $ 12.47 October, 1995 $ 12.46 November, 1995 $ 22.57 Decmeber, 1995 $ 31.23 January, 1996 .$ 30.84 SUBTOTAL INTEREST $ 230.84 TOTAL REVENUE & INTEREST $12,255.84 $ 8,263.36 $20,519.20 EXPENDITURE: 5-17-95, #592 Riverwood (Breakfast) $ 422.21 5-5-95, #590 City of Monticello $ 1,500.00 (94) 5-17-95, #591 City of Monticello $ 2,000.00 (95) Loch Jewelers (McVay) $ 43.55 6-28-95, #593 Ollie Koropchak $ 39.08 7-27-95, #594 Econ Devel Wright CTy $ 500.00 8-23-95, #595 Amer Cancer Society $ 25.00 (Demeules) 9-5-95, #596 Monticello Printing $ 43.67 10-19-95, #597 • David Landswerk $ 1,000.00 10-31-95, #598 Monte Club $ 2,034.38 11-2-95, #599 Monti Office Products $ 8.96 11-2-95, #600 Video Plus Printing $ 15.98 11-2-95, #601 SUBTOTAL EXPENDITURE $ 7,632.83 SERVICE CHARGE: 0 TOTAL EXPENDITURE & SER CHG BALANCE, January 31, 1996 • $ 7,632.83 $12,886.37 • • MONTICELLO INDUSTRIAL DEVELOPMENT COMMITTEE 1995 YEAR END FINANCIAL REPORT First Bank January 31, 1996 • BALANCE, January 31, 1995 REVENUE: SUBTOTAL REVENUE $ 0 INTEREST: February, 1995 $ 10.99 March, 1995 $ 8.77 April, 1995 $ 8.35 May, 1995 $ 9.22 June, 1995 $ 9.67 July, 1995 $ 9.83 August, 1995 $ 8.70 September, 1995 $ 8.44 October, 1995 $ 8.74 November, 1995 $ 8.48 December, 1995 $ 8.67 January, 1996 S 8.27 SUBTOTAL INTEREST $ 108.13 TOTAL REVENUE & INTEREST EXPENDITURE: SUBTOTAL EXPENDITURE $ 0 TOTAL EXPENDITURE BALANCE, January 31, 1996 $ 108.13 $ 0 $ 3,884.98 $ 3,993.11 $ 3,993.11 • MONTICELLO INDUSTRIAL DEVELOPMENT COMMITTEE • YEAR END FINANCIAL COMPARISON MARCH 1987 MARCH 1988 JANUARY 1989 WRIGHT COUNTY STATE BANK CHECKING ACCOUNT $ 159.80 $ 284.88 $ 314.05 WRIGHT COUNTY STATE BANK MONEY MARKET $ 3,560.20 $ 5,702.96 $16,296.97 SECURITY FINANCIAL MONEY MARKET $ 3,366.95 $ 3,534.60 $ 3,693.86 YEARS TOTAL BALANCE $ 7,086.95 $ 9,522.44 $20,304.88 DECEMBER 1989 DECEMBER 1990 NOVEMBER 1991 WRIGHT COUNTY STATE BANK CHECKING ACCOUNT $ 24.03 $ 86.15 CLOSED WRIGHT COUNTY STATE BANK MONEY MARKET $ 7,957.53 $ 6,104.95 $ 6,237.40 SECURITY FINANCIAL MONEY MARKET $ 3,922.24 $ 4,082.51 $ 3,030.10 ~ARS TOTAL BALANCE $11,903.80 $10,273.61 $ 9,267.50 DECEMBER 1992 DECEMBER 1993 JANUARY 1995 WRIGHT COUNTY STATE BANK MONEY MARKET $ 5,413.87 MARQUETTE BANK - MONTICELLO $10,326.19 $ 8,263.36 METROPOLITAN FEDERAL MONEY MARKET $ 5,236.40 $ 1,249.11 $ 3,884.98 YEARS TOTAL BALANCE $10,650.27 $11,575.30 $12,148.34 MARQUETTE BANK, N.A. MONEY MARKET FIRST BANK MONEY MARKET YEARS TOTAL BALANCE JANUARY 1996 $12,886.37 S 3,993.11 $16,879.48 r1 LJ 116 East River Street • P.O. Box 548 • Monticello, MN 55362 • (612) 295-3131 • FAX (612) 295-3080 Monticello Times, Inc. • Publisher of the Monticello Times and Shopper • Donald Q. Smith, Editor and Publisher Tom Lindquist, IDC sub-committee: 3/19/96 Per your request for a series of full-page ads on Monticello industries. ~~^O-M~ C ~~~`~'~1 Here are two scenarios (actually four, depending on if we can get 15 or 20 participants). Each is based on 50% participation of the Industrial Development Committee. The costs include our working with the industry on the writing and photography. We would feature one industry per month, using 1/2-2/3 page, and surround the main copy with smaller ads of the 14 or 19 other participants. Those standing ads could change, but in all likelihood they'd remain the same each month. Full page, Times and Shopper: 129" ~ $11.20 (combo rate)=$1,444.80, less 12% discount (-$173.38)=$1,271.42, plus one spot color on each ad ($95 x 2=$190)=$1,461.42 • 50% paid by IDC-$730.71 ~-v. ~,,, ~a~,a_ C ~ , ~ ~~ ~ s a~ 50% divided by 20 industries-$36.54/mo. (if 15 industries-$48.70/mo.) • Ads would appear monthly in both Times and Shopper (Times' ad could appear opposite our monthly business page for maximum exposure in business community) • Times would be responsible for selling all advertising, working with the industry to develop the 1/2 or 2/3 page • IDC (Oily) and Don Smith (Times/Shopper) will develop promotional message, explaining IDC's 50% offer. • Possibility later: framing the stories after preserving them and presenting to industries (or displaying at city hall, IDC banquet and breakfast, etc.). Est. cost-$150 each. ~ ~'1- ~ t ~gO° Full page, Monticello Shopper- 129" ~ $7.25=$935.25, less 12% discount (-$112.23)=$823.02, plus one spot color on each ad ($95)=$918.02 50% paid by IDC-$459.01/month a.-,,~~,....~,..~ C S. ~o~s-~-~-~ 50% divided by 20 industries-$22.95/mo. (if 15industries-$30.60/mo.) IDC sub-committee: Series could start in mid-April, giving us one month to get IDC approval and make the sales contacts. I shared with Tom what some other newspapers have done. Thanks for the request to take a look at this very important way of showing IDC's appreciation to • our industries!-Don Smith '~ I • z O ~_ F V L v ~ U 1 • ~ w •~ C .. c y ~,cz ~ o a ~~ O O .C C ~ C ~ F ~`p ~ C.~ b a ~ 7.~~=~ F A c ~ ,' '°~° U ~ ~Z .,~ ° , C - h V G ~ CD GU Q O L 6. y .C e: ~ ~ ^ > ~ o O y~ N c p ~ d ~ .D ~... ~ U_ > a~ E " E C C O ¢ ~ E U ~ O U ~ ~ ;, " ,,,, ... w G V N E r ... z ~' U W 0 0 M O F- Z w 0~. a W w V_ Z O U w U Q ~-~+ U d U ~ c .., o ~ v ~y ~ w '~ y ~ ~,E o u o ~ t0 v .y. `0 v = ~ 1.. Q ~.. y N eC ~ V O ~ W y M ~ . ° ~ d._ .Z R C R ~ .G > C ~ c° °.°o ~'o.o? ~m E ~ v e0 b ~ s O '.' n:~~0... fn ~ U a~ v E U x j ~ ~ ~ y w w ° a U U b Z ti O 2 O f _/ J AU FBI y N b W ~ y N N ~_ ~ y ~ E C G ~ .,~` L ~N y L ~ ~./ OUP ~ E5 ~ F ~~ E E -= ~ `~° y '«. .D W b'K ~ 7 A ~ 5 ~ o.c c O a3i ° o U U c ~ ~ ~ -] C C > ~ ~ 6] ~`' °°° O ~vi - ¢ ~ Lr7 ~ ~ ~ ~ p ~ a- w ° E °' ~ h a `~ ~ r~ C FL e~i o 'a F c~ •- ~ ~ v ~. D d~ yx ['^ ~ C ~ ~ ~ O a ¢W Ex„ u. °' e a F- ~ ~ x U ~ F . "' ~ °' ~ ayi ~' ~ ° W 'E = c.~ ° N N ~ A.d'DC~'o ~ 4 C .C O C ~- 0 'd y 0. "' [s. y ~ ~ ~~ LLl > ~ G a y D ~~ ~ ~ ~ v w E y G "' "' _c •° .'~ C~ °' u. O O O N rn ° (~ a o ,o ~ U O ~ N ~^ d N is 7D •E •C c y C E c •~, V C .~. 7 ... h ~ ~ V U C O C O ~... U .~ O ~ N .~. d ° w y ° 3 a b .~, N U .y.. U C d ~ p,,C o w E °' C ~ :. F ~~ ba ~cU a._ p O y ~ ~ LL O ~ O ~ o ° .y ° .D y A ~ eC. K _ y d w ~o ~ ~ ,e m eo 0 c •~ e •_ ~ o, c u °= o. ~ ~ K. w 3 c ~ c ° O ~ ~ e ~ v ~ ~z~ a ~ y ~ c 0 m 0 d J CD .~ w G C Q U v, ,? . ~ ° w~~~'v°' c A R U G ~ ° y ~ ° ~ " a, p 'b C t~ ° CL C ~C O CL 7 O v o .b :a 1? ~~~aDo w A ym E ~ ~ Z C ~ v O ~ ~ .D E o0 ',L' N ` V Q °~ y ~ Q aci H ~ ~ V OCr. a ~ ~2 rx b c 0 Lt CITY OF MONTICELLO MONTHLY BUILDING DEPARTMENT REPORT ~/~, MONTH OF FEBRUARY 1996 • • PFR6AITS R IISFS PERMITS ISSUED This Month Feb. Same Month Last Year Last Year To Date This Year To Date RESIDENTIAL Number 10 5 12 22 Valuation $145 500.00 114 100.00 460 800.00 $482 580.00 Fees $1 594.70 $1 175.30 $4 809.73 $6 194.30 Surcharges $72.78 $57.05 $230.62 $239.83 COMMERCIAL Number 3 3 3 4 Valuation 58 500.00 13 000.00 13 000.00 $213 500.00 Fees 802.63 $147.00 147.00 2175.43 Surcharges 29.25 6.00 6.00 106.75 INDUSTRIAL Number 1 1 1 1 Valuation 21 000.00 575 000.00 575 000.00 21 000.00 Fees $216.00 $3,736.43 $3,736.43 $216.00 Surcharges 10.50 287.50 287.50 10.50 PLUMBING Number 2 3 8 8 Fees $70.00 $130.00 350.00 $310.00 Surcharges 1.00 1.50 4.00 4.00 MECHANICAL Number 2 2 6 8 Fees 70.00 89.00 245.00 310.00 Surchage 1.00 $1.00 $3.00 $4.00 Other OTHERS Number 1 0 2 1 Valuation 0.00 0.00 0.00 0.00 Fees $100.00 $0.00 $200.00 $100.00 Surchar es TOTAL # PERMITS 19 14 32 45 TOTAL VALUATION $225 000.00 $702 100.00 1 048 800.00 $717 080.00 TOTAL FEES 2 853.33 5 277.73 9 488.16 8 575.18 TOTAL SURCHARGES 114.53 353.05 $531.12 365.58 ri inuFUr uinuru FEES NUMBER TO DATE _ PERMIT NATURE Numbe Permi Surchar Valuatio This Yea Last Yea Single Family 1 912.00 46.03 92 100.00 3 5 DuplexlTwin Homes 2 Triplex Multi-Family Commercial 1 713.62 27.00 54 000.00 2 Industrial Res. Garages 1 Signs Public Bldgs. ALTERATION/REPAIR Dwellings 9 $682.70 $26.75 $53 400.00 17 7 Commercial 2 89.00 2.25 4 500.00 2 3 Industrial 1 216.00 $10.50 21000.00 1 PLUMBING All Types 2 $70.00 $1.00 9 8 MECHANICAL All Types 2 70.00 1.00 8 6 ACCESSORY STRUCTURES Swimming Pools Decks MOVING PERMIT 1 100.00 1 2 TEMPORARY PERMIT DEMOLITION TOTALS 19 2 853.32 114.53 225 000.00 45 32 FEB96.WK4 rom: bodlori To: Ms. Ollie Koropohak Dale: 8118186 Time: 18:17:48 Page 1 0l 1 ECONOMIC DEVELOPMENT LEGISLA TIME UPDATE DIED Minnesota Depathnent of Trade and Economic Development Contact: Alice Negratti, 612-215-1648; March 18, 1996 Danna Elting, 612-297-1405; 1-800-657-3858 Volume 3, No. 8 EDAM Economic Devebpment Association of Minnesota Contact: Doug Ewald, 612-290-6260 Week in Review Omnibus Jobs Bill Discussion Continues No major changes were made in the 1996 Onu><ibus Jobs bill March 15, although the conference conunittee met for about two hours to discuss the proposed legislation. The conference committee was set to re- convene today (Monday) and legislators hope to wrap up bill discussion by Tuesday. Information-- Senate: 612-296 -0504 House: 612-296- 2146 Up-to-date infor mation on hearings- Senate: 612-296 -8088 House:612-296- 9283 Copies of Bills-- Senate: 612-296 -2343 House: 612-296- 2314 charges local .governments for wastewater services passed unanimously in the House March 13. The bill (HF 2556/SF 2194) (Mahon), frees the Met Council from many state laws and adopts a Council task force's recommendations. The bill is headed for conference committee. This bill includes language to manage the Minnesota Investment Fund, (formerly the Economic overy Fund) and appropriate $3 lion to make grants and loans to Minnesota businesses. Under the bill's provisions, companies receiving MIF money will be required to pay 110 percent of the federal poverty level or $16,600 per year. Neither MIF nor the livable wage provision were discussed on Friday. A $5,000 provision to fund an Environmental Impact Statement for the controversial metal shredder or "Kondurator" was discussed briefly, but the provision has not been adopted as yet. The metal shredder would be located along the Mississippi River in Minneapolis near the American Steel plant. The Governor has threatened to veto legislation including funding for the Kondurator. ~ator Steve Novak suggested mg discussion of energy assistance legislation that a fund be established to cover assistance cuts made by the federal government. The bill, in its present form, provides $1 million in immediate energy assistance funding for low-income households. Conference committee members are: Sens. Kroening, Novak, Anderson, Dille and Lesewski and Reps. Rice, Mahon, Leighton, Clark and Ozment. Sustainable Development Bill Passes Local governments would be encouraged to establish sustainable development plans under a bill passed in the House last week. Under the bill, the state would draft a "model ordinance" and make it available to local governments. This concept has been promoted by Gov. Carlson. No funding or enforcement provisions are included in the bill. Wastewater Streamline A bill that would streamline the way the Metropolitan Council TIF Repo><t Available A Tax Increment Financing report was issued last week by the State Legislative Auditor and concludes that most legislative restrictions have addressed abuses of the popular financing program. However, some issues need legislative attention, and those concerns are outlined extensively in this report. To receive a copy, call the Legislative Auditor's Office at 612/296-4708. Note: This legislative update will replace News from .DYED until the end of the legislative session. • .,icui~~-~w tiiuiiiuu;U a kuy' uiulu-uianuib ~~.~t,wy~c t+, t Ittcri`ti~;Int~r.P,'t'trc!CUvrly tri~lKC.tiiglieY f7tlict, wlio retired.'I'Iten slie hired a quality control manager. With money management and marketing as her strong suits, Steinwall handled the company's finances and marketed byword of mouth. Unlike her father, she had definite growth ideas. "My father is the craftsman," she said. "I Ie knew how to create plastic parts. But he was an entre- preneurand micromanaged things. One man in this profession can only do $1 million year (in salesl. There would be noway you could contimte to grow the busi- ness." Slowly Steinwall transformed the plastics company. Annual revenues grew froth $1.3 million to $2 million by 1989 and $6 million by 1995. Market smarts and creative hiring propelled the growth. She began by establishing herself as an expert in the plastics field by writing trade newsletters with help-card inserts, which she mailed to 3,000 industry executives. "Three responded, including a Motorola executive who soon hired her company to make com- ponentparts for telephones. Today Motorola repre- sents 5 percent of the company's annual sales. Other customers include Frigidaire Co., John Ueere Co. and IBM. Because of its rapid growth, the company needed to adopt some new strategies. An aggressive sales network was put together, and in October Steinwall hired the company's first tnarket- ingdirector, a forrneremployee with executive net- working Cirnt Norex Corp. She said she hopes to have $20 million in annual sales by the year 2000. Asked if she felt confident about all her decisions, Steinwall said, "No, I screwed up every day. But you make more right calls than wrong calls. If you go into business thinking you cannot make mistakes, you are lying to yourself." DePass ,St ar Tribune StnTf ll'ril er Mt2Ul't',GIt Slt',IIi;000lII Tax advice for businessman dad led to new career for president of Coon Rapids plastics firm 1n 1983 Maureen Steinwall, Then a Iloneywcll mar- keterand former accountant, got a call from her father asking for free lax advice. Steinwall was happy to help, and the counsel she gave her dad set the stage for bold challenges and a new career. "My dad asked how to sell a business without giving it all to Uncle Sam," she said. "For whatever reason, the words that flew out my mouth were, 'Well, you sell it to your daughter!' That was the entrepreneurial spirit in me." So that year Steinwall became an employee of Steinwall Inc., a Coon Rapids high-precision plastic injection molding firm that her father, Carl, started years before. In 1987 she used her Steinway piano as collat- eral, got a 7 pcr- centloan from Northstar Bank in Roseville and a 20-year, 9.5 per- cent loan from her father and bought the company. 'That's when the trouble began. Some of the workers walked out 1'hcy didn't think a fentalc boss was up to snuff. A-rd neither ?^ Title: President and did SOllle CUS- owner of Steinwall Inc., a totners. high recision plastic One of my injection molding com- father's first cus- tomers came into pany. my office and > Located: Coon Rapids demanded I > Annual sales: $6 million return his mold," > Employees: 75 Steinwall said. > Founded: 1975 "Right to my face, > Background: Money he said no way management and was a woman accounting. going to make his > Biggest obstacle: Some plastic parts. I staff and customers left said, 'Fine, no the firm when she, at age problem.' I decid- 31, bought the company ed that there was from her father, Carl tto way I want to Steinwall make parts for someone with that attitude." With three shifts running five days a week, Steinwall had her hands full. So, she ignored rude cus- tomers and considered it "positive attrition" that a few employees bailed. She rebuilt her staff with experts to help her find her way, and today she has 75 employ- ees. C February 14, 1996 Ollie Koropchak Economic Development Director 250 East Broadway Monticello, Mn. Dear Ollie, Please except this letter as my resignation from the Industrial Development Committee and the Economic Development Agency. I have enjoyed working with these groups over the years. I feel that through these groups I have been able to contribute to the growth and betterment of Monticello. I know with your leadership they will continue to attract new industries and to assist existing industries to grow with this community. I thank you and all the committee members for their commitment to making • Monticello a great place to live. Sincerely, ~,,. , k' ~, `fie Harvey Kendall •