EDA Agenda - 12/11/2024 (Workshop)AGENDA
WORKSHOP MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, December 11, 2024 — 4:30 p.m.
Academy Room, Monticello Community Center
Commissioners: President Steve Johnson, Vice President Jon Morphew, Treasurer Hali Sittig,
011ie Koropchak-White, Rick Barger, Councilmember Tracy Hinz, Mayor Lloyd
Hilgart
Staff: Executive Director Jim Thares, Rachel Leonard, Angela Schumann, Tyler
Bevier, Sarah Rathlisberger
1. Call to Order
2. Roll Call
3. 4:30 p.m. GMEF Pre -Application Review — Nordic BrewPub Proposal
4. 5:00 p.m. Discussion -Formulation of 2025-2027 EDA Workplan (Goals and
Objectives) with Worksheet
5. Adjournment
CITY OF
CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
MontiCeffBUSINESS SUBSIDY APPLICATION
0 BUSINESS ASSISTANCE FINANCING
763-295-2711— info@ci.monticello.mn.us
Name of Contact Person: Zach Barthel
Address: 212 E 4th St. Monticello MN 55362
Telephone number: 763-656-3370
Business Name: Nordic Brewpub
Business Address: 530 Cedar St. Monticello MN 55362
REQUESTED INFORMATION
Addendum shall be attached hereto addressing in detail the following:
1. A map showing the exact boundaries of proposed development.
Frank & Bessie's Attic Antique Store on Walnut at Block 52!
2. Give a general description of the project including size and location of building(s); business
type or use; traffic information including parking, projected vehicle counts and traffic flow;
timing of the project; estimated market value following completion.
I would like to move the pub over to this location and own the building so that we can continue to grow
and be a part of Monticello and its vision for downtown revitalization! We want to create a rooftop patio
experience that would overlook the new park and river! We would be the first company to achieve
this in Monticello history I believe. This would be a start to bringing more life to our downtown!
3. The existing Comprehensive Guide Plan Land Use designation and zoning of the property.
Include a statement as to how the proposed development will conform to the land use
designation and how the property will be zoned.
I believe this area is already properly zoned for this type of use. Considering the plans to bring
future restaurants and dining in to this area and with these types of establishments already in this area.
4. A statement identifying how the increment assistance will be used and why it is necessary to
undertake the project.
We need financial help with the build out and moving of the already established Nordic Brewpub. The funding
will be utilized to build out and redo the building bringing it back to life along with possibly helping us with the
Wac/Sac fee. Nordic Brewpub already owns most the equipment needed for the project that would be moved over.
5. A statement identifying the public benefits of the proposal including estimated increase in
property valuation, new jobs to be created, hourly wages and other community assets.
Monticello, especially downtown has little to no night life or entertainment/fun. It's stale. Anyone that knows the
Nordic Knows we are pushing to bring some life and excitement to town. Currently the space is sitting providing
zero benefit to downtown. It is creating no jobs or revenue for the city. The building will be beautiful and a
destination when we are done with it. Plus we can offer value to the community being in that area for various
events and gatherings. We want to give people a reason to go downtown Monticello!
As we grow we will be needing to add more jobs and wee ope that someday we can afford to pay our staff better
then other establishments. We want Nordic to be the local non corporate pub that genuinely cares for its staff-
and community! A safe place for everyone to come to, that is known for giving back to its community. We are not
here just to take from the community like so many other establishments are. I reckon we have made that clear by
now. Essentially Nordic Brewpub is a community asset.
6. A written description of the developer's business, principals, history and past projects
As expressed above I think I have shown my dedication and commitment to Monticello with Nordic Brewpubs
expansions and constant evolving. I have always wanted Nordic Brewpub to be the next local legend much
like the Monty Club used to be. We have been paying so much in rent for this tucked away part of town and it
is time for us to own our own property and build a place that we can finally call home.
I understand that the application fee will be used for EDA staff and consultant costs and may be partially
refundable if the request for assistance is withdrawn. Refunds will be made at the discretion of the EDA
Board and be based on the costs incurred by the EDA prior to withdraw of the request for assistance. If
the initial application fee is insufficient, I will be responsible for additional deposits. I further understand
that by signing below, should the original escrow be exceeded, the applicant or responsible party will be
billed for all additional services. In signing the acknowledgement below, the applicant is indicating that
they have not relied on the estimate of fees in their decision to proceed with the application. If payment is
not received as required by this agreement, the City will proceed to recover payment by action of
assessment or a lien against the real property. Payment of the costs will be required whether the
application is granted or denied.
SIGNATURE
Applicant's signature: -IFZ ;�av
Date: 12/3/2024
FINANCIAL BACKGROUND:
1. Have you ever filed for bankruptcy? No.
2. Have you ever defaulted on any loan commitment?
No.
3. Have you applied for conventional financing for the project? Not yet. We have a possible deal
with the owner for contract for deed for 1 year to get through build out and close with
bank directly after 1 year.
4. List financial references:
a. Nate USBANK 218-349-7782
b. Jarred Sherburn Bank 320-291-0510
C. MB Consultants Cedar St. Monti Andv 763-295-4800
5. Have you ever used Business Assistance Financing before?
If yes, what, where and when?
PROJECT INFORMATION:
NO.
1. Location of Proposed Project: 106 Walnut St, Monticello MN 55362
2. Amount of Business Assistance requested? $300k - $400k Depending on Wac/Sac
3. Need for Business Assistance: Construction and relocating expenses.
4. Present ownership of site: Linda Yonak
5. Number of permanent jobs created as a result of project? 12-15
6. Estimated annual sales: Present: $1,160,000 Future: $1,500,000
7. Market value of project following completion: Roughly $400k for building. $300k-$400k
in to build out, $300k in to equipment that we already own. z5weat equity in cloing a lot ot the
worK ourselves posse y $16UK. RoughmarKet value with updates and equipment 00
8. Anticipated start date: January/Feburary Completion Date: June/July
3
FINANCIAL INFORMATION:
1. Estimated project related costs:
$
a.
Land acquisition
b.
Site development I can do build
out for probably $250k not including Wac/Sac.
c.
Building cost
$400k When all said and done.
d.
Equipment
$300k already owned.
e.
Architectural/engineering fee
N/A
f.
Legal fees
N/A
g.
Off -site development costs
N/A
2. Source of financing:
a.
Private financing institution
$ Will be $375k from bank for building.
b.
Tax increment funds
Not sure what this is?
c.
Other public funds
Grant from city for exterior updates
d.
Developer equity
Not sure what this is?
4
PLEASE INCLUDE:
1. Preliminary financial commitment from bank.
2. Plans and drawing of project.
3. Background material of company.
4. Pro Forma analysis.
5. Financial statements.
6. Statement of property ownership or control.
7. Payment of application fee of $250.
From:
Jim Thares
To:
"ZachCabnordicbrewpub.com"
Cc:
Rachel Leonard; Angela Schumann
Subject:
GMEF Loan Policy and Application
Date:
Tuesday, December 3, 2024 1:44:00 PM
Attachments:
GMEF Loan Policy-12-05-23.docx
GMEF Application Final.24 - 06-04-21.doc
Hi Zach. Here is the GMEF Loan Policy and the GMEF Loan Pre-Application/Application.
Please complete the Pre -Application and return to me no later than Wednesday at 4:30 p.m.
This would be on the Agenda for the December 11, 2024, EDA Meeting (6:00 p.m.). This would
be a pre -application review. If the EDA likes it, then it will be presented again as a final full
application at the January 8, 2024 EDA meeting.
If you would like to meet to elaborate on some of your plans -ideas with Angela and Rachel,
please suggest a time later this week and we can try to accommodate you. Thank you for your
time and best regards to you.
Jim Thares
Economic Development Manager
City of Monticello
763-271-3254
www.ci.monticello.mn.us
Email correspondence to and from the City of Monticello government offices is
subject to the Minnesota Government Data Practices Act and may be disclosed to
third parties.
Monticello
MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
2022-2024 ECONOMIC DEVELOPMENT WORK PLAN
EDA Purpose:
The EDA is charged with coordinating and administering the City of Monticello's economic
development and redevelopment plans and programs. The EDA is also responsible for housing
and housing redevelopment.
EDA Work Plan Mission Statement:
The EDA's work plan is adopted in support of achieving the goals of the Monticello 2040 +
Comprehensive Plan. The EDA will be proactive by developing and undertaking actions for
achievement of the Comprehensive Plan's Economic Development goals and will be reactive in
responding to economic development opportunities as they arise in the most timely and effective
manner possible. The EDA shall utilize the Economic Development Implementation Chart
contained in the Comprehensive Plan as a guiding document creating its 2022-2024 Work Plan.
Comprehensive Plan Goals:
1. Business Attraction and Retention
2. Tax Base Expansion
3. Downtown Vitality
4. Redevelopment and Reinvestment
5. Life Cycle Housing
6. Workforce Development
7. Promotion and Partnerships
8. Opportunity Focus Areas
1IPage
GOAL #1: BUSINESS ATTRACTION AND RETENTION
Policy 1.1. Business and Employment Retention
Strategies:
1. Maintain a strong Business Retention and Expansion (BR&E) program to monitor
opportunities for continued growth and expansion of businesses as well as the continued
relationship development between the City and existing businesses.
2. Identify and support companies that are expanding and adding employees.
3. Identify and promote programs that assist existing companies in expansion and creation
of new positions.
4. Assist and support companies in accessing business assistance programs including
financing and educational programs.
5. Bring Businesses and Educations Organizations together to create training programs to
foster new living wage opportunities.
Policy 1.2: Local Business Support
Strategies:
1. Facilitate relationships with existing businesses on the expansion, redevelopment and
improvement of their buildings and facilities.
2. Consider fagade rehabilitation programs, small business loans, grants and other tools to
encourage property reinvestment and support local businesses.
3. Foster partnerships and maintain networking relationships with the goal of maintaining
communication in support of existing businesses.
GOAL #2: TAX BASE EXPANSION
Policy 2.1: Diversify economic sectors to broaden the base of available living wage
employment in the community.
Strategies
1. Capitalize on the proximity to the I-94 regional transportation facilities, available land
and educated and skilled workforce to create opportunities for job growth.
2. Inventory existing industry clusters by attracting similar and complementary businesses.
3. Work with existing business clusters to expand the attraction of supply chain companies.
4. Recognize changing land use patterns for industrial parks, and other or alternative uses
such as co -working spaces.
Policy 2.2: Maintain a business development and job creation toolbox to assist
existing and future businesses.
Strategies:
1. Continue discussion on use of tax reimbursement/abatement, including development of
criteria/application.
2 1 P a g e
2. Identify and communicate new or innovative state and federal programs or grants which
could be leveraged to support business development.
3. Proactively support small business start-up efforts through programs, collaborative efforts
and various tools available for small businesses.
Policy 2.3. Work collaboratively with partners to foster the attraction of new
businesses.
Strategies;
1. Continue to support the IEDC interactions within the Wright County Workforce
Pathways efforts in addressing workforce needs and training.
2. Consider IEDC recommendations and be prepared to be a partner in potential solutions
based on WCWFP findings.
3. Partner with Wright County EDA on infrastructure and development project funding as
warranted.
GOAL #3: DOWNTOWN VITALITY
Policy 3.1: Implement the recommendations of the Downtown Small Area Plan.
Strategies:
1. Support and advocate for improvements to the downtown as envisioned in the Small Area
Plan and Walnut Street Corridor Plan.
2. Develop and support the appropriate policies, programs, and incentives that enable the type
of development described in the Plan.
3. Continue to build a funding base for use in property acquisition and redevelopment efforts in
targeted areas.
4. Implement a fagade improvement program for desired revitalization areas.
5. Continue to meet with downtown property owners with the goal of relationship building in
informal group settings (Downtown Rounds) or individually and to understand their concerns
with traffic, parking, land use and possible reinvestment in their property as well as
willingness to sell, partner, desired price, etc.
6. Encourage continued incorporation of arts as an economic development tool for Downtown
Monticello and the community at -large.
7. Support opportunities for park and pathway development as consistent with the Downtown
Small Area Plan.
8. Encourage the redesign of the pathway connection under the MN-TH #25 bridge to
incorporate safety elements and improved lighting.
9. Ensure that greenway and pedestrian/cycle connections are considered within the downtown
and from the downtown to other areas within the community.
10. Support park improvements in the downtown area.
3 1 P a g e
GOAL #4: REDEVELOPMENT & REINVESTMENT
Policy 4.1: Redevelopment: Continue to support redevelopment efforts for publicly
owned properties in Block 52, Block 34 and other EDA owned sites.
Strategies:
1. Work collaboratively with the selected developer to implement an agreed upon Block 52
redevelopment proposal utilizing Small Area Plan vision and principals.
2. Advocate for adequate City Council support for related Block 52 infrastructure components
that are impacted by redevelopment proposals.
3. Advocate for the best designs and efficient traffic circulation related to the Walnut Street -
River Street connection in support of Block 52 redevelopment.
4. Remain open to and analyze strategic opportunities for redevelopment throughout the
community.
5. Proactively market Block 34, the Cedar/Broadway site, 41h Street site, West River Street
parcel and the West 71h Street land tract to the commercial and residential development
community.
GOAL #5: LIFE -CYCLE HOUSING
Policy 5.1: Actively promote and seek opportunities for the development of a wide
variety of housing types, styles and price points as a mechanism to support and
attract employment.
Strategies:
1. Develop revised policy statements for housing which address the identified 2020 Housing
Study needs.
2. Continue to market workforce housing development on EDA owned land along East 4th
Street and Outlot A, Country Club Manor, or at other suitable sites in the City, including the
Downtown.
3. Support efforts by private and non-profit entities to develop affordable housing projects
utilizing state and federal programs.
4. Examine the use and application of available housing TIF dollars per the 2016 TIF
Management Plan and the adopted Policy Statements for Available TIF Funds.
5. Continue to periodically examine housing stock for aging or blighted properties and research
development of programs for redevelopment and/or revitalization of existing housing.
6. Market the availability of incentives/subsidies available for development of housing.
GOAL #6: WORKFORCE DEVELOPMENT
Policy 6.1. Diversified and Skilled Workforce
Strategies:
1. Support interactions with local organizations to address workforce needs and training.
4 1 P a g e
2. Partner with Wright County Workforce Pathways (WCWFP) on solutions for workforce
needs and training.
3. Promote Central Minnesota Jobs and Training Services as an option to Community
College or university for students seeking alternative careers in the trades, manufacturing,
and similar sectors.
4. Support the development of a plan to market living wage employment opportunities.
GOAL #7: PROMOTION & PARTNERSHIPS
Policy 7.1: Create and maintain a comprehensive Marketing & Communication
Strategy for priority sectors and locations.
Strategies:
I. Identify community partners that can be regularly engaged and advised on economic
development activities and events.
2. Engage with partners in the development of strategic marketing plan, including creation of an
overall economic development brand, for various focus audiences and sectors of
development; residential, commercial and industrial and redevelopment.
3. Incorporate the marketing of EDA incentive programs in a more proactive manner, both
within the community and beyond,
a. Present existing and new incentive programs to smaller community groups, local
banks, realtors, and local businesses either in an informal group session or a formal
roundtable format.
b. Develop and communicate a "complete" development package program which
provides support and assistance to prospects and developers from inquiry to
construction.
4. Market industrial development at the Monticello Business Center (Otter Creek Business
Park) to a broad variety of prospects as guided by the Comprehensive Plan.
a. Focus on prospects which serve or rely on the St. Cloud and Twin Cities markets.
b. Focus on supply chain prospects.
5. In collaboration with the IEDC, communicate with current business and industry in support
of Business Retention & Expansion.
a. Engage in informal business and industry small group meetings and explore
potential format of helpful formal round tables meetings.
b. Work with the Monticello Times to do a business spotlight or profile article two
times per year.
c. Leverage the networks of existing commercial and industrial entities currently doing
business in and around Monticello.
Policy 7.2: Engage as a partner in local and regional planning and development
opportunities.
Strategies:
1. Monitor the regional planning efforts of the Central Mississippi River Regional Planning
Partnership (CMRRPP) and engage with feedback as requested.
5 1 P a g e
2. Consider funding and/or completing studies that provide policy and strategy framework for
desired land uses/or projects in the downtown and for other programs.
3. Monitor commuter rail development in and around the Twin Cities metro region for potential
benefits and opportunities to serve Monticello.
GOAL #8. OPPORTUNITY FOCUS AREAS
Policy 8.1: Opportunity Focus Areas
1. Maintain open lines of communication with property and business owners to understand
their long-term development objectives.
2. Consider strategies, loans, grants and other financing methods to boost reinvestment and
improvements.
3. Encourage public infrastructure investment in these areas in an effort to support private
investment.
Policy 8.2: Support community quality -of -life initiatives which act as economic
development tools.
Strategies:
1. Encourage and support coordinated planning and development of parks, trails in or near
business districts.
2. Increase the visibility of the intersection of all amenities including parks and trails with the
economic hubs of the city.
3. Support the development of Bertram Chain of Lakes Regional Park, including community
Connections.
Appendix: Monticello 2040 Vision + Plan, Economic Development and Implementation
6 1 P a g e
CITY ��O F Monticello Economic Development Authority
2025 Workplan Worksheet
Monticello
To assist in the development of a 2025-2027 EDA Workplan, please provide
input on the following areas, on what is working well and what could be
improved.
Business Attraction and Retention
Tax Base Expansion
Downtown Vitality
1of21Page
Redevelopment & Reinvestment
Promotion and Partnerships
Workforce Development
Opportunity Areas
Please e mail your responses to Jim Thares by December 201h, 2024 at
jim.thares@ci.monticello.mn.us. 2 of 2 I Page