HRA Agenda 01-03-2007i
HRA MEETING OF WEDNESDAY, JANUARY 3, 2007,
HAS BEEN CANCELLED PER THE HRA CHAIR AND EXECUTIVE
DIRECTOR.
PLEASE SEE ATTACHED ECONOMIC DEVELOPMENT REPORT
FOR UPDATES.
i
HRA Agenda - 01/03/07
Economic Development Report•
LEADS:
* 10,000 sq ft building -The elevations and site concept prepared by the company's architect
were reviewed by the HRA on December 6. The HRA offered the company the 1.5 acre
developable, designated lot within Otter Creek Crossing 3rd Addition (next to AVR site) for a
total of $43,560 with no assessments and no trunk fees or a maximum lot of 1.6 acres at $3.00
per sq ft plus 2007 trunk fees.
* 25,000 sq ft retail/office/call center/warehouse -This Albertville company has purchased an
existing building in Albertville.
* Ecological Restoration Contractor -Looking at FSI property or I-lA property in same area.
Would require CUP. Would need to demonstrate berm/landscape plan in this area. 20,000 sq
ft building (office, shop, and storage). 20 full-time people. 12-19-06
* 500,000 sq ft in multi buildings -Wet industry, manufacturing, national name. 50-70
developable acres. 300 jobs. Requires 1.1 million gallons of water per day and 800,000-
900,000 gallons of waste per day. Talked with Bruce Westby, city engineer. 12-19-06
* 17,000-20,000 sq ft office/shop for engineer firm. Two-year out project, currently leasing.
70-100 people, annual wages $50,000-$80,000. Received info and application, no questions
at this time. 12-12-06
• * fiber optics referral from consultant -Waiting to be contacted by company from Canada.
Needs fiber optics, potential 180 people.
* Local contractor - on behalf of manufacturer -looking for 10-15 acres, 100,000 sq ft
building. E-mailed new concept map with Dalton Court constructed. 12-27-06
BRE:
* FSI building on the market - 43,000 sq ft. Need to call for info.
* Precision Technology -Have call into Jim to set up welcome to Monti tour.
* Karlsburger Foods -trying to arrange for closing and disbursement of $200,000 EDA
M&E loan before March.
* Washburn Computer Group - 12-27-06 One-half moved into Chelsea Road facility. Plan to
complete move over new years. I do have new phone number.
HRA -The HRA through the use of a broker has attempted to purchase a couple of properties
in downtown Monti. Unsuccessful at this time.
* Received copies of recorded Certificate of Certification for Blue Chip Phase III
development.
* Remaining $6,000 of Transformation Home Loan for 511 Elm Street still not disbursed.
* Received copy of the State Auditor's TIF Legislative Report for end-year 2005. Monticello
in good standing, no penalties. Available for your review at my office.
* Rick, Paula, Annie, and myself met to discuss eligible TIF expenditures and coding for
infrastructure construction associated with interchange and Monticello Business Center.
* Using the storm water trunk fee (net acres and ponding), WSB and staff agreed the HRA will
• not pay for ponding as they purchased the land and paid for construction of the ponds. Market
rate buyers will pay the ponding fee.
• HRA Agenda - 01/03/07
Other:
* Met with KleinBank Buffalo representatives. Met with First National Bank, Elk River
representatives.
* Attended a presentation by Point to Point, a personalized aircraft carrier service, out of St.
Cloud Regional Airport. Also visited with airport manager relative to expansion plans. 25
miles one way from Monti.
* Marketing Committee - We have met three to four times since the last IDC meeting. Brad
and I will update you at the next meeting as to the group's focus.
* Fiber Optics Task Force -Was unable to attend the meeting of 12-20-06. Work has begun
on the RFP for engineer design and bonding process. Kathy Schuman trained with the staff
from the Blandin Foundation, the City was awarded a $15,000 matching grant for broadband
education. Workshop scheduled for January 22.
* Comp Plan Task Force to hold the first meeting Thursday, January 11, 7:00 p.m. Follow-up
meetings February 1, February 22, and March 15. IDC representative Mary Barger, alternate
Don Tomann. HRA representative Dan Frie, alternative Bill Fair. I need to read my
handbook.
* HAPPY NEW YEAR.
HRA commissioners see attached notice of rate increase, $5.00 per hour effective
January 2007, from Ehlers.
HRA motion of December 2005 -Approved an increase in fees for Ehlers and Associates as
proposed, with a rate of $150 per hour, with annual increases to be approved by the HRA.
We will need to address this at February 2007 meeting.
In the October 2005 memo from Mark Ruff, he proposed to increase the fee to $150 per hour
and then increase of $5 per hour annually for next four calendar years.
•
2
EHLERS
. & ASSOCIATES INC
December 12, 2006
Monticello Housing And Redevelopment Authority
505 Walnut Street, Suite 1
Monticello, MN 55362-8822
Ehlers & Associates appreciates the opportunity to serve as your financial advisor.
To keep up with costs of inflation, we need to periodically raise our rates. Beginning
in January 2007, our hourly rates will increase by $5.00. It is our intent to continue
modest increases in our rates. We will continue to not charge you for mileage and
regular business expenses such as copying.
If you would like any further information on our billing rates or other costs, please do
not hesitate to call your financial advisor or Mark Ruff, team leader, at 651-697-8505.
k1
EQUaI OPPOrtunlty Employer
L E A D E R S I N P U B L I C F I N A N C E
Charter Member of the National Association
of Independent Public finance Advisors
3060 Centre Pointe Drive. Roseville. MN 55113-1105 651.697.8500 fax 651.697.8555 www.ehlers-inc.com