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EDA Agenda 09-10-2008 a. Cable taping of EDA Meetings ~o yr e.e~ ~.•~ ~ ~~ v Q, ~ ~ 9. Adjournment. AGENDA CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY Wednesday, September 10, 2008 - 6:00 p.m. Mississippi Room - 505 Walnut Street, Monticello, MN Commissioners:President Bill Demeules, Vice President Dan Frie, Treasurer Bill Tapper, Bill Fair, Bob Viering, and Council members Clint Herbst and Wayne Mayer. Staff: EDA Executive Director Megan Barnett, Secretary Angela Schumann, and Assistant Treasurer Tom Kelly. 1. Call to Order. 2. Roll Call. 3. Reading and approval of the May 14, 2008 and August 13, 2008 City of Monticello EDA Minutes. 4. Approval of the EDA bills and communication. a. Invoice from Lamar for billboard sign b. Brett Weiss from WSB will present -Update on Monticello Business Center Projects 5. Report of the Executive Director. a. Review of preliminary work outline b. IEDC Update c. 413 W. 4''' Street 6. 7. Report of committees: Higher Education Committee, Marketing, Housing, Fiber Optics Unfinished Business. a. EDA Business Subsidy Criteria (TIF) and to call for a public hearing date to approve amendments. b. EDA Business Subsidy Criteria (GMEF) requesting City Council approval and to call for a public hearing date to approve amendments. c. Consideration to review preliminary Development Agreements and Private Contract for understanding of definition of Administrative Costs and review application fees/deposits of other cities. d. Update on list of underutilized properties /funding sources e. Update on list of HRA/EDA owned properties 8. New Business: MINUTES CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY Wednesday, May 21, 2008 1. Call to Order. Chairman Demeules called the meeting to order and declared a quorum of the EDA. 2. Roll Call. On roll call, the following Commissioners were present: President Bill Demueles Vice President Dan Frie Treasurer Bill Tapper Commissioner Wayne Mayer Commissioner Bob Viering Commissioner Bill Fair Commissioner Clint Herbst • Also present were Executive Director Ollie Koropchak and Treasurer Tom Kelly. Commissioner Frie asked that staff review a foreclosed property for possible purchase for redevelopment. Frie stated that on that order, he had invited a listing agent to discuss this topic. He stated that he would like to move that item to head of agenda. Commissioner Tapper added under old business a clarification of the role of the EDA versus the IEDC. 3. Reading and approval of the Apri19, 2008 City of Monticello EDA Workshop and Annual Meeting Minutes. MOTION BY COMMISSIONER FAIR TO APPROVE THE MINUTES OF APRIL 9, 2008 FOR THE CITY OF MONTICELLO EDA WORKSHOP. MOTION SECONDED BY COMMISSIONER VIERING. MOTION CARRIED, 7-0. Commissioner Herbst abstained from the vote. Regarding the Annual Meeting Minutes, Commissioner Tapper noted the spelling correction of "Front Porch" and "Motion" on page 11 of the minutes. MOTION BY COMMISSIONER TAPPER TO APPROVE THE MINUTES OF THE ANNUAL • EDA MEETING. MOTION SECONDED BY COMMISSIONER VIERING. MOTION CARRIED, 7-0. EDA Minutes - 05/21/08 4. A royal of the EDA Bills and Communications. Commissioner Mayer inquired whether the property tax statement for Cedar Street Garden Center parcel had been reclassified back to vacant. Koropchak stated that it would not be reclassified for this year, but would be noted as vacant for the following year. Koropchak also added an invoice from Veit Companies in the amount of $35.50 for a solid waste fee associated with the demolition of the Cedar street Garden Center. She stated that she is recommending approval of the invoices as shown, but is asking Bret Weiss of WSB to attend to discuss items related to invoicing, work done and to be completed at Otter Creek. Viering inquired about why Kennedy & Graven got involved in an accounting issue. Koropchak clarified that it had to do with previous and future expenditures as related to TIF legalities. Demeueles inquired about the reason for a separate invoice from Veit, as the demolition was to be all-inclusive. Koropchak stated that she believed it was a permit fee. Koropchak stated that the balance most likely had to do with the tank removal. Koropchak stated that she would provide further clarification. MOTION BY BF TO TABLE UNTIL CLARIFICATION PROVIDED ON THE VEIT • INVOICE. VIERING inquired about the project coordination portion of WSB's billings. Herbst noted that he had spoken with the State Auditor about this issue. Herbst stated that he does think it is appropriate that WSB provide further clarification. Tapper asked if Kelly had been able to ascertain what the budget for this project was. Frie noted that a summary of billings to date had been provided at the bottom of WSB's billings. Tapper asked Kelly for his opinion. MOTION BY COMMISSIONER VIERING TO APPROVE KENNEDY AND GRAVEN AND EHLERS AND PROPERTY TAX INVOICES AND TO TABLE ACTION ON VEIT AND WSB INVOICES. MOTION SECONDED BY TAPPER. Tapper stated that he is totally amazed at the amount of time spent by Kennedy & Graven on that topic. Mayer stated that even though WSB has already categorized these as labor expenses, this body wants that body to be further itemized. Viering sought clarification on project management. MOTION CARRIED, 7-0. 5. Reports of the Executive Director. No questions on the report of the Executive Director. • EDA Minutes - 05/21/08 8. New Business. E. Added Item: 413 W. 4th Street Property Wally Coudron, representing Edina Realty, addressed the EDA regarding the matter of the foreclosed property at 413 W. 4`" Street. The property is currently listed at $55,000. It is a bank foreclosure property. Current estimated tax value is approximately $116,000. Coudron reviewed background data on the house, including past sales. Commissioner Frie stated that this information was being presented based on information from City staff, this is due to history of illegal activity and the state of the property. City Administrator O'Neill had noted it as a possible redevelopment property. It may be combined with other parcels for a project. Herbst inquired about surrounding properties. The property to the west is also in poor condition. Herbst noted that the price was reasonable and suggested that the resale of vacant property would be a good idea. Fair commented that with Habitat for Humanity now in Monticello, this may be a case where the property could be sold to Habitat and they could do a project on the parcel. Fair noted that a legal opinion on whether that could be done would be needed. Frie stated that the EDA would be primarily interested in the land. • Koropchak stated that a site visit would be a good idea, and then the EDA would need to consider where funds for purchase and demolition would come from. Fair inquired whether an option on the property could be made to research that information. Coudron stated that banks do not add contingencies on foreclosure properties. Tapper inquired whether there were any known issues with the property. Coudron stated that the bank is selling the property as is and the bank has not noted anything beyond trash removal. Koropchak stated that funds would most likely come from an old redevelopment district and staff would need to confirm that those funds are available. The Commissioners discussed the merits of moving forward or waiting for staff to provide answers on funding sources. Mayer commented that a counter offer should be made. Mayer inquired whether Edina would be listing and selling agent. Coudron confirmed it would be a dual representation. MOTION BY COMMISSIONER FRIE TO DIRECT STAFF WORK WITH KOROPCHAK TO OFFER THE SELLER $46,000, WITH EARNEST MONEY NOT TO EXCEED $2,500, WITH INCREMENTAL OFFERS NOT TO EXCEED A FINAL OFFER OF $52,000, SUBJECT TO UNRESTRICTED FUNDING. 3 EDA Minutes - 05/21/08 MOTION SECONDED BY COMMISSIONER MAYER. MOTION CARRIED, 7-0. 6. Report of Committees. A. Marketing: Frie reported that the Marketing Committee had renewed a contract for the billboard in order to maintain continuous visibility. A presentation by commercial brokers was also discussed for an upcoming meeting. Herbst inquired whether the City could advertise on the billboards it owns, rather than renting. Koropchak stated that the Marketing Committee did research the EDA-owned billboard. The EDA does own the land and the space is leased for the year. When they come up, the Marketing Committee could look at them at that time. B. Fiber Optics Committee: Mayer reported that bonds are currently being sold. Herbst noted that TDS is putting out information on their own fiber loop. Herbst stated that TDS is now stating that they are going to place their own system. Herbst noted that he and Mayer had met with them some months ago and that was not their plan at that time. C. Housing: Viering stated that he had met with Central MN Housing Partnership and he will be putting together a meeting regarding possible grant opportunities. Greater MN Housing Fund maybe another option. Fire noted that options for grant funds are available; it will be a matter of meeting the grant criteria. Educational component will be important to grant funding. • 7. Unfinished Business. A. Consideration to review the amendments to the EDA Business Subsidy Criteria (TIF) and to call for a public hearing date to approve amendments. Koropchak reported that a revised version of the subsidy criteria was included in the agenda packet. The recommend revisions are included in this draft. As noted, the GMEF and TIF criteria had been separated. These criteria do not need to be approved by the City Council MOTION BY COMMISSIONER HERBST TO APPROVE THE PROPOSED BUSINESS SUBSIDY CRTTERA. MOTION SECONDED BY COMMISSIONER TAPPER. Koropchak clarified that a public hearing would actually be needed prior to approving the criteria. COMMISSIONER HERBST AMENDED HIS MOTION TO CALL FOR A PUBLIC HEARING FOR THE REGUALR AUGUST MEETING OF THE EDA. • 4 EDA Minutes - 05/21/08 AMENDED MOTION SECONDED BY COMMISSIONER TAPPER. MOTION CARRIED, 7-0. B. Consideration to review the amendments to the EDA Business Subsidy Criteria (GMEF) requesting City Council approval and to call for a public hearing date to approve amendments. Koropchak explained that the recommended amendments had been made. The criteria would need to go to the Council and then come back to the EDA for a public hearing. MOTION BY COMMISSIONER FAIR TO REQUEST THE CITY COUNCIL REVIEW THE PROPOSED AMENDMENTS TO THE GMEF GUIDELINES IN JiJLY AND TO CALL FOR A PUBLIC HEARING AT THE REGULAR AUGUST MEETING OF THE EDA. MOTION SECONDED BY COMMISSIONER HERBST. MOTION CARRIED, 7-0. C. Consideration to review Preliminary Development Agreements and Private Contract for understanding of definition of Administrative Costs and review application fees/deposits of other cities. Koropchak stated that Kelly had provided information regarding fees and deposits charged by other communities, as well as information from the financial and legal firms used by the City. Koropchak clarified that administrative costs often refer to inspections for TIF, staff consultation, and environmental inspections. Tapper noted that there seem to be many unpredictable items related to the establishment of these projects. Tapper suggested that at the initiation of each project, the client be provided with an estimate of the costs for these projects, with a 25% addition for the "unknowns". Tapper stated that therefore, the EDA would ask for 30% of the estimated total cost. The balance, or actual costs above that amount, would be paid on the last bank draw, so that it becomes part of the financing for the project. The EDA would also provide a monthly statement on administrative costs. Herbst commented that it is nice to have someone who has been involved in these projects provide the recommendation. Mayer inquired about what happens if the consultant costs come in over the additional 25%. Tapper stated that the client is still responsible for that amount, but the 25% at least provides opportunity for that overage. Mayer stated that the client then still needs to understand that there maybe costs over and above these deposits. EDA Minutes - 05/21/08 • Fair stated that his concern is that we mi t be addin additional administrative costs by ~ g adding the monthly statements. The current process may need additional clarification. The Commissioners discussed the merits of further enhancements to the agreement and the timing of consultant involvement. Mayer inquired whether it is the consultants who are not timely with their billings. Kelly reviewed the billing cycle. Koropchak noted that 10% of the TIF can be used for administrative according to the State statutes. Demeules noted that many cities do not require a deposit. Fair noted that they are billed for the costs. Frie asked if there could be a $10,000 deposit with a $20,000 ceiling, and any overage would be paid back through the 10%. Koropchak stated that she has added some of the late items, after the final payment, to the admire costs of the TIF district. Frie clarified that administrative costs include consultant time. To date, the City has not charged for staff time on projects, but those costs could be included. The commissioners recognized that better up-front communication is the goal of this entire process. Fair recommended reviewing two past projects in terms of administrative fees in order to determine how well Tapper's proposal fits. MOTION BY COMMISSIONER VIERING TO INCORPORATE COMMISSIONER TAPPER'S RECOMMENDATIONS INTO THE DEVELOPMENT AGREEMENT PROCESS. Fair noted that he had a number of questions related to the terminology presented in the proposal. Fair and Viering discussed the merits of the proposal in terms of timing related to bank closing. Fair recommended having the City's consultants review the proposal in order to look out for the City's best interests. Viering stated that he had concerns about spending funds to have consultants review the document when the proposal seemed very simple. Koropchak inquired how the statement indicating that final payment would be made at the last bank draw would be different than finagling the payment at the time of Certificate of Completion for these projects, which is required for economic districts. Tapper clarified that the last draw marks the time from temporary fmancing to permanent • fmancing, and is bundled by a title company. Tapper stated that his goal is to indicate to the EDA Minutes - 05/21/08 developer that this payment should be part of his last draw. Once those funds are gone, it is difficult to find a funding source. Fair noted that currently, the funding is due at the time of the City's Certificate of Occupancy versus a private arrangement between a bank and their client. Frie inquired about how other cities use the 10% TIF administrative costs. Kelly responded that the use is somewhat restrictive and needs to be documented very well. A lot of communities track staff and consultant time and charge against the 10%. However, he indicated that it is not 10% of the increment, but 10% of the expenditure each year. Koropchak stated that she tracks very clearly the consultant time for each project. This is also true for infrastructure and land acquisition purchases. Koropchak stated that although the timing maybe different between last draw and certificate of closing, she does believe that the estimate would be helpful. Koropchak suggested that last bank draw item should be reviewed by EDA legal counsel. Viering suggested that the agreement is fine as it reads; this information would be placed in a separate letter. Mayer clarified that this would replace the deposit information in the current pre-development agreement. Mayer inquired about the costs of providing monthly statements. Kelly stated it would be more of a workload issue than a financial cost issue to the City. It will be a matter of setting up a procedure. Kelly stated that if there is money due, they should be paying for overages 30 days from date of monthly invoice. Kelly also stated that only requiring 30% of deposits may be a problem. He suggested that requiring a deposit at 100% of the estimated costs might be more practical. Herbst stated that he agrees that the EDA should take a look at this proposal, but believes that staff should have an opportunity to review and provide recommendations on this. He asked Kelly if with technology, they couldn't just access their account at City Hall with a password. VEIRING AMENDED HIS MOTION TO REFER THE PRESENTED PROPOSAL TO CITY STAFF FOR REVIEW AND RECOMMENDATION. AMENDED MOTION SECONDED BY COMMISSIONER FRIE. MOTION CARRIED, 7- 0. 8. New Business. A. Added Item: Role of the EDA versus IEDC. Commissioner Tapper stated that the two groups have been reviewing their purpose for some time, but he suggested that looking at both from a broad perspective in order to determine clear purpose for both so that they can work in concert. • 7 EDA Minutes - 05/21/08 He stated that the EDA has been an organization that deals with the here and now. They are the facilitators, banks, etc. They have economic muscle and provide funds for economic development. The IDC has historically been the group that has looked to the future and work with the City to achieve those goals, whether it is acquisition of land or business recruitment. The group has no economic muscle, but rather to act to promote growth. Mayer noted that this information really resulted from discussions originating with the IDC. Tapper confirmed and stated that he is not seeking any action, just to develop a better understanding of the two roles. Fair noted that the EDA has statutory authority. He indicated that the Council should also have some say in the roles and purpose of the two organizations. Koropchak explained that the Council is being asked to approve a resolution that recognizes the IEDC as a commission of the City and includes a new mission and vision statement. It noted the IEDC's roles as a promoter of business as a whole for the community. Koropchak noted that both groups have work plans and separate responsibilities. • Fair asked what powers are being granted by the City Council to this group. Then that information can be brought back to the EDA for information. Koropchak noted that the resolution includes information on accountability to the Council. That information will be brought back to the EDA. Tapper commented that the IDC had been an independent organization for quite some time. Fair noted that he remembers that in the past, it had been advisory, but had no powers. If Council is going to officially recognize it, powers will go with the recognition. Tapper stated that Council has done that, but that the IDC is now recommending a revision that is more inclusive of development to include things such as bio-science technologies and businesses which support overall economic development. This is consistent with the Comprehensive Plan. Fair clarified that in order to know what the EDA's relationship with the group is, the powers of this group need to be clarified. Tapper noted that the information presented just serves to clarify the two separate purposes of the two groups. The Council can determine how responsibilities will be divided. Fair noted that the direction must come from the Council. EDA Minutes - 05/21/08 Koropchak stated that the EDA will have a clearer picture once they have the opportunity to review the IEDC's work plan. She noted that the IEDC does not have any statutory authority. Herbst agreed that Council will review this information. It is helpful to understand both so that the City understands there is not duplication. B. Consideration to approve a Certificate of Completion (Minimum Improvements) for Vine Place (Front Porch). Mayer inquired what repercussions there will be for allowing rental versus owner- occupied. Koropchak responded that only the first 18 townhomes were required to be owner-occupied. The recommendation of the attorney was that all the homes are completed, of the last 8, two are being rented. Given the current housing situation, the attorney recommended that the City allow this to proceed with reporting on status of purchase of the homes. With the City's rental ordinance, these units must be licensed. Herbst stated that this portion of the contract states that all must be owner-occupied. Koropchak noted that there is a discrepancy in the contract. Herbst noted his concern about areas converting to rental units. Herbst stated that he preferred that the EDA be . consistent and require that they be owner occupied, especially given the amount of assistance. Mayer echoed that concern. Fair noted that once the City has completed the contract obligations, they will be able to rent in any case. Mayer inquired what the repercussions of action would be. Koropchak reviewed the financing and contracts for TIF reimbursements. Fair stated that he disagreed. If the certificates of completion have been given and was issued the rental licenses, then perhaps the City should consider this request. He has made the minimum improvements under the contract. The final outcome is that he has met his obligations. Mayer commented that renting is a violation of the contract. MOTION BY COMMISSIONER FAIR TO APPROVE THE CERTIFICATION OF COMPLETION (MINIMUM IMPROVMENTS) FOR THE FRONT PORCH PROJECT AND PRESERVING ITS RIGHT BY WAIVING THE CONTRACT REQUESTING DEVELOPER WITHIN THREE YEARS PROVIDE DOCUMETNATION AS TO THE STATUS OF LEASE/PURCHASE OF THE TWO RETNAL TOWNHOUSES AND SUBJECT TO ANNUAL COMPLAINCE OF THE CITY RETNAL ORDINANCE. • MOTION SECONDED BY COMMISSIONER FRIE. EDA Minutes - 05/21/08 • Commissioner Frie stated that this was perhaps a cased of missed opportunity, where that condition should have been included with the planning approvals and with the covenants for the project. He indicated that he sees no purpose served by punishing the developer at this point, given the improvements that have been made to the area. Fair noted that project would not have developed without TIF assistance. MOTION CARRIED 4-3, WTI'H COMMISSIONERS HERBST, MAYER AND VIERING IN DISSENT. C. Consideration of a motion acknowledging submission of Declaration of Potential Conflict of Interest. MOTION BY COMMISSIONER HERBST ACKNOWLEDGING THE SUBMISSION OF A DECLARATION OF POTENTIAL CONFLICT OF INTEREST FROM EDA COMMISSIONER WILLIAM TAPPER HEREBY ENTERING INTO THE EDA MINUTES OF MAY 21, 2008. MOTION SECONDED BY COMMISSIONER FRIE. MOTION CARRIED, 7-0. • D. Consideration to approve the request for an extension of the balloon payment date for GMEF Loan No. 021(Tapper's Inc.) Commissioner Tapper excused himself from the meeting. Koropchak explained that the developer is asking for an extension of a balloon payment and has provided the terms of guideline for deferment of payment. Developer is asking for deferment from May 1 S`, 2008 to May 1 S`, 2009/. Loan payments are current. MOTION BY COMMISSIONER FRIE TO APPROVE EXTENDING THE BALOON PAYMENT DATE FOR GMEF LOAN No. 021 FOR TAPPER'S INC. FROM MAY 1, 2008 TO MAY 1, 2009. MOTION SECONDED BY COMMISSIONER HERBST. MOTION CARRIED, 7-0. E. Other. Koropchak thanked the Commission for the opportunity to work with them. Koropchak commented that she would encourage that the EDA research its ability set up special taxing districts. 9. Adjournment. • 10 EDA Minutes - 05/21/08 • MOTION BY COMMISSIONER FAIR TO SUSPEND THE REGULAR JUNE MEETING UNTIL A NEW ECONOMIC DEVELOPMENT DIRECTOR IS HIItED. MOTION SECONDED BY VEIRING. MOTION CARRIED, 7-0. MOTION BY COMMISSIONER FRIE TO ADJOURN. MOTION SECONDED BY HERBST. MOTION CARRIED, 7-0. • • 11 MINUTES CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY Wednesday, August 13, 2008 6:OOpm 1. Call to order Chairman Demeueles called the meeting to order and declared a quorum. 2. Roll Call On roll call, the following Commissioners were present: Chair Bill Demeules Vice President Bill Tapper Commissioner Bob Viering Commissioner Mayer Commissioner Dan Frie • Absent: Commissioner Fair and Mayor Herbst Also present were Executive Director Megan Barnett, Administrator Jeff O'Neill, and Finance Director Tom Kelly. 3. Introduction of Executive Director Administrator O'Neill introduced Executive Director Megan Barnett. Ms. Barnett provided a brief explanation of her professional history. 4. Report of Committees: Marketing The marketing committee did not meet r~ u Fiber Optics Commissioner Mayer stated he is receiving feedback from the community regarding incorrect information about the potential fiber optic project. Discussion occurred regarding easement logistics for the anticipated fiber optic line. Council member Mayer discussed the fiber loop project, he stated the loop will have Internet capability. It is anticipated that cable and TV will be added at a later date. Higher Education Administrator O'Neill stated the Higher Education Commission is working on developing a plan for a pilot program to inventory training needs for existing businesses in Monticello. The Committee is further researching venues in order to meet the established training needs. O'Neill stated that the committees will most likely approach various jurisdictions and private investors in order to fund the program. 5. New Business: TIF Reports Finance Director Tom Kelly stated that the City was successful in complying with regulatory requirements related to publishing and reporting TIF districts. Discussion ensued around the current standings of the districts. Finance Director Kelly stated that there were no red flags at this time, however the EDA and Executive Director may want to look at decertifying some of the districts to get them back on the tax payrolls. Ms. Barnett stated she would put together a summary of all the TIF districts to include the following information: the TIF districts are overall financially status, what districts are ready to sunset, and if there are any available funds within the districts. Kelly stated that the Downtown District looks to sunset in the year 2024. Further analysis may want to be completed to determine if this date could impede future redevelopment efforts. Sale of property located at 300 4th Street E Administrator O'Neill stated he was approached by George Larson, who owns the property located at 300 4th Street E ,regarding the potential for the City to purchase his property. O'Neill provided the EDA with detailed information about the existing under utilized condition of the property and the asking sale price. Commissioner Mayer asked O'Neill what the benefit would be in purchasing Mr. Carson's property. O'Neill stated this property is a key piece to further redevelopment within the immediate area. O'Neill stated this could be an opportunity the City may not have in the future if the EDA wants to develop this property in the future. The EDA questioned where funding sources could be utilized for the purchase of this property and future purchases of underutilized properties. The consensus of the authority was there needed to be a plan in place instead of a "shot gun" approach. The EDA stated they are interested in obtaining an inventory of City owned property and identify properties within the downtown area that may need to be redeveloped in the future. The EDA stated they would like to make a priority list of potential properties to purchase. The EDA directed Staff to: inventory property within the City and make a list of potential redevelopment areas and research current and potential funding sources. The EDA and Staff will then work together to establish a priority for purchasing said properties. 6. Adjournment COMMISSIONER FRIE MOTIONED TO ADJOURN MOTION SECONDED BY COMMISSION MAYER. MOTIONED CARRIED 5-0 President Executive Director • i 4. Approval of the EDA bills and communication. A. Lamar: Attached is the invoice for the monthly charge pertaining to the billboard. The monthly contract amount is $1,100. The EDA is being asked to approve the attached invoice. B. WSB Presentation: Bret Weiss from WSB prepared the attached memo outlining the construction and financial status of the Monticello Business Center. He will also be present at the meeting to answer any questions the EDA may have. • • ~ ` ~~ 1940 ADVERTISER: CITY OF MONTICELLO IGN: TRACT NO: LAMAR ID NO: 308655 ®~~ E P.O. BOX 96030, BATON ROUGE, LA 70896 8 0 0- 7 7 7- 4 8 9 6 OR 225-926-1000 INV NO: 11577001 ACCOUNT NO: 305703 000 INVOICE DATE: 8/20/2008 BILLING PERIOD: 8/20/2008 TO 9/19/2008 157-DSL6867 • • • MONTICELLO, MN 8/20/2008 TO .:9/19/2008 I-94 3000' E/0 HWY 25 SS F/E 20083 ILL 1,110.00 G P oN.. .. . t ~ i ~ - a~., o anti a.~pr•Va~ (~ ~._..~...~...~. ~ ~ ~ ~ OCf ~ ~l .. , . .. ,.,w . ~K3a1. 3 ~o .~,w ~. ~- N R,A - ~'bfA bow `:~ ,...~.., ~` r 1 } ~ 1~~~ g~L7/Dar a~~ ~ 5 2aa$ ~_ ._.. . c~~r a~ ~~c~~~Ttc~~~o COMPANY ~ ~ AMOUNY- 157 ST. CLnUi),MN - ~ 1,110.00 PLEASE SEE REVERSE FO R IMPORTANT INF _ ORMATION! nrr>r ria m~ . o / ~ n ! ~ n n o VISA ^ Credit Card Information: Name as it appears on your credit card: ---_ Account # __. Bill to Address as it appears on your credit card bill: Expiration Date: Signature: _._ By signing this you agree to alt terms of our contract. • 01941 006 ~i~f~n~t~n~~~u~~rnf~f~~u~f~n~fn~~nn~~~~uu~f~~f~n~~ CITY OF MONTICELLO 505 Walnut St Ste 1 Monticello, MN 55362-8831 MASTERCARD ^ AMERICAN EXPRESS ^ CITY OF MONTICELLO Check/Money Order ^ 157-DSL6867 Date: THIS AMC>UNT DUE 1573057030000 TERMS: 0011577001000111000 NET 30 DAYS ~i,110.00 REMITTANCE STUB: MAIL THE LAMAR COMPANIES PAGE 1 PAYMENT ~ P.O. BOX 96030 TO BATON ROUGE, LA 70896 Update on Monticello Business Center (Otter Creek Industrial Park) Proiects Bret Weiss with WSB & Associates, Inc. will be present at the meeting to discuss typical fee structures associated with the current improvements for the Monticello Business Center and the status of the projects associated with the business center. Below is a summary of project status, approximate to-date costs and anticipated future costs for the development of the Monticello Business Center. Attached are drawings showing the existing and proposed improvements. Chelsea Road Improvements (90th Street to CSAH 39) and Dalton Ave (Chelsea Rd to 1330' South) and Otter Creek Lift Station- City Project 2005-11C (WSB Project 1338-13): Project Status: The grading, street, utility and lift station improvements are complete for this project and were accepted by the City Council in November 2007. The assessment hearing for the project was conducted in November 2006. Record drawings have been completed. Project Costs: The total project cost was $4,642,579, which includes construction costs, Rask House property purchase, and indirect costs (engineering, legal, city administration fees, construction material testing and construction interest costs). Anticipated Future Costs: The 2-year project warranty period expires in November 2009. A final inspection of the street, utility and any erosion issues will be completed in the summer of 2009. If any issues exist, the contractor will be notified to correct the problems. We anticipate • the final inspection to take approximately 2-3 hours ($200 to $300). Additional costs could be incurred depending on the extent of any construction repair issues. Preliminary and Final Plat Otter Creek Crossing/ Monticello Business Center Grading and Drainage Project -City Project 2006-15C (WSB Project 1488-92): Project Status: The construction portion of this project included grading approximately 50 acres of City-owned property south of Chelsea Road and west of Dalton Avenue and adjacent to Dalton Court and Dalton Way. The improvements are complete and we are in process of finalizing quantities for the project with the Contractor. This project also included multiple preliminary designs for development of the business park including looking at street/utility and lot development layouts. It also included many plan revision associated with the AVR site plan, grading and plat arrangements. This project also included completing final platting for the Otter Creek Crossing 1St, 2na and 3'~ Addition plats. Project Costs: Final construction costs total $371,000. Engineering fees for the design and construction part of the grading project totaled approximately $78,000. Site planning/design, platting and engineering fess for the business park site development total approximately $52,000. • The above costs do not include City administration, legal and construction interest costs. C.' Documents and SetangsLNegartBametALotol SentrgsiTemporory Iraernet FilesIOLK4C5~EDA AGNITM- UpdateBustnessFant 09/008.doc Anticipated Future Costs: Future costs include processing final payment, completing record drawings and final inspections. We anticipate this cost to be approximately $2,000 - $3,000. Additional costs could be incurred depending on the extent of any construction repair issues. Dalton Ave NE, Dalton Ct and Dalton Way -Street and Utility Improvements -City Project 2006-15C (WSB Project 1627-57): Project Status: The street and utility improvements were completed for this project this summer. Remaining work includes installing signs and striping the roadways. Project Costs: Final construction costs are anticipated to be $1,035,000. Indirect costs are estimated at $250,366 which equates to 14% for engineering fees, 2% for City administration fees and 8% capitalized interest costs. City fees and interest costs need to be confirmed by the finance department. Anticipated Future Costs: A final inspection of the street, utility and any erosion issues will be completed this fall. Future costs include processing final payment, completing record drawings and final inspections. We anticipate this cost to be approximately $5,000 - $6,000. Additional costs will vary depending on the extent of any construction issues. Future Extension of Dalton Way -Grading, Street and Utility Improvements • The attached drawing shows a preliminary layout of the extension of Dalton Way and potential developable lots. We have estimated the grading, street and utility project costs to be approximately $250,000. This cost includes construction and a 28% indirect cost. Construction costs are based on per foot and per acre costs for the current development of the business park that have already been constructed plus an inflation factor. Given the current economic conditions, the construction costs are a best guess. Summary The Monticello Business Center project involved multiple layouts, negotiations with property owners and develops and significant engineering effort to address grading, road alignment and utility improvements. Depending on how the remaining undeveloped property is developed and whether Dalton Way is extended to 90t1i Street, will determine the design needs. 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MIS yl +9 11 ~ N - t ~ _ - J M~WY V~4 iF mIP ~M)~O _ 5 Y ~~ _ a+~ I I;~ O J i J W U H Z O I 9 g'a 3 'J S s 5. Report from Executive Director. A. Review of preliminary work outline: As the EDA may be aware, with the approval of Megan Barnett as the City's new Economic Development Director, the City Council requested aone-year probationary period, with a clear work plan put into place. As part of the 6-month and one-year review process, the position would be evaluated against the job description and the work plan. Angela Schumann and Jeff O'Neill have created a draft work plan for the Economic Development Director. The work plan is a set of strategic objectives based on the job description for the position, as well discussions and project outcomes previously stated by the City Council, EDA and IEDC. The work plan is divided into six major areas. • Existing Programs • Business Retention • Business Recruitment • Fiber Optics • Downtown Revitalization/Redevelopment • Support & Coordination These areas cover both developing familiarity with existing programs and building new programs to support City Council, EDA and IEDC goals. • Megan has already begun developing and completing specific tasks related to accomplishing the strategic goals. She has made great strides in setting her foundation of information and resources for moving forward. Next month's Executive Director's Report will provide a detailed accounting of this work. B. IEDC: At their September 2, 2008 meeting, the IEDC broke into working groups to discuss the following topics: a. Transportation/Infra-structure b. Land c. Business Retention d. Marketing & Communication. Challenges and opportunities were discussed at the meeting. It is the intention of the IEDC to generate goals, objectives, and a working plan for the upcoming year at their regularly scheduled October meeting. Attached is the staff report. C. 413 W. 4th Street Property: At the May EDA meeting, the EDA directed staff to negotiate the purchase of the property located at 413 W 4th Street. A purchase price of $52,000 was agreed upon. The property is currently within the required redemption period, which expires on October 15, 2008. It is staff s understanding that the City is the only entity that bid on the subject property. However, the City will be notified sometime after the redemption period • expires confirming the offer was accepted or rejected. IEDC 9.2.08 4a. Break-out Working Groups: The IEDC is being asked to identify existing issues, challenges, or concerns in four key areas within the City and Business community. These areas aze: Transportation/Infra-structure, Land, Business Retention, and Mazketing/Communication. In an attempt to help facilitate discussion among the IEDC, staff would like to provide further information and points of discussion within the identified categories. Transportation/Infra-structure: Background: • The City is in the process of reviewing and finalizing their transportation plan, which will correlate into the City's 2009 Capital Improvement Plan Budget. • At the August 25, 2008 City Council meeting, the Council was presented with three different potential interchange layouts and associated costs along CSAH 39/I-94. These layouts were completed by the engineering consultant and were meant has very • draft ideas. The City Council is interested in being proactive in analyzing the location and need for a future CSAH 39/I-94 interchange. A project of this nature will take many yeazs to implement, however it is still important to initiate discussion at some point. The City Council will continue to look at layout options and continue planning in order to be prepazed for a time that the project is determined to become a reality. • The Fiber Optic line should also be viewed as infra-structure. Points of Discussion: • It would be helpful from a staff and City perspective to understand what type of infra- structure businesses find critical and desirable when locating or re-locating within the City. • What are key transportation routes in the City and what azeas could be further improved and why? Land: Background: • The City recently completed their Comprehensive Planning Process. Attached please find several land use maps and definitions of land use categories. The comprehensive plan clearly identifies azeas of "Places to Work," "Places to Shop" and "Downtown." Points of Discussion: • Based on the areas the Comprehensive Plan has identified for Places to Work and Places to Shop, does the IEDC have a thought as to whether the City should be more of an active player in purchasing additional land and be a leader in facilitating industrial/commercial development? • Current inventory of City owned land as it relates to market reality (the slow down of overall building) should be addressed in order to further identify what future direction and objectives this group would like to establish. Is it better to market what we currently have available and address purchasing of additional land at a later date. Or is there a balance, if so what is it? Business Retention: Background: • Business spotlights and site visits for industrial type of businesses have been conducted in the past. • The Monticello Chamber conducts a "Welcome Monticello" for any business that is interested in participating. Businesses sign up to have other Chamber members, City officials, etc. come to their business and learn about their operation. • The Chamber has also conducted an annual Luncheon event (targeted toward industrial businesses). • The City (lead by Lynne) is in the process of creating a comprehensive business list. This list will then be posted on the website. Points of Discussion: • City Staff will be initiating a Business Newsletter (the name of the newsletter, format, and content will be discussed in detailed). It is the thought to have the newsletter • include an IEDC, EDA, City Update, and Business Spotlight section published in each newsletter. Further, the newsletter can be printed (direct mailed to all businesses), emailed, and posted on the City's website. This newsletter will be consistently published (determining how many times a year will need to be discussed} with a consistent format. • The newsletter could be the platform to survey the whole business community to find out what they need or would find helpful from the IEDC and City. Based on the outcome of the surveys, events, programs, information can be further provided to local businesses. • City Staff will request email and website addresses from the business community. • The IEDC's input into the business newsletter content from a business perspective would be extremely beneficial. What is important from the IEDC's perspective to hear, learn, and programs provided by the City? • City Staff will work with the IEDC and the EDA to determine who will be the business spotlight (branching out to include industrial, commercial, and retail businesses). This will facilitate in allowing the residents and businesses to be aware of the services and products within Monticello. A preliminary list of businesses to participate in the business spotlight program will need to be generated. • City Staff is interested in compiling a "one -stop" resource guide for businesses outlining the various local and agency wide funding programs/grants available. • Information pertaining to why a business located in Monticello and why they remain in Monticello would be beneficial. Marketing & Communication: Background: • In the past ads have been placed in the Real. Estate Journal, a billboard has been purchased, letters have been sent to businesses looking to relocate or expand. • The marketing has been focused on lots available in Otter Creek and land price offered fora $ I.00. Points of Discussion: • A collaborative marketing effort is currently underway to provide a consistent "theme" or "message" relayed to really solidify what Monticello has to offer the business community. • This may be the time to change how we market. Possibly focus on what Monticello has to offer as a whole instead of focusing on land being a $1.00. • Consider more email banner type of advertising versus print. • Identify what type of businesses are prospering in this challenging market and determine how we can market them (if determined they are desirable in the City) to locate in the City. • Utilize the benefit of having fiber optics in the City, how do we market this infra- structure and what type of businesses are attracted to such services • Possibly establish quarterly or annual business network events. Invite the whole businesses community to a breakfast or luncheon event that has a determined agenda (speaker brought in, City development update, etc.) • Discussion regarding partnering with the Chamber on any already established events, or if the direction of the IEDC is to sponsor events a different purpose and agenda should be established. • Co-operative and collaborative marketing should be discussed due to the budget reductions the City is experiencing. Recommendation: The above stated information and idea generation is meant as a starting point for the IEDC. The IEDC is asked to build upon and further enhance ideas based on the experience and knowledge contained within the board. Based on the data collected during the brain storming session, Staff will summarize the information and begin building objectives with the IEDC at the regular October meeting. • • MONTICELLO INDUSTRIAL AND ECONOMIC DEVELOPMENT COMMITTEE (IEDC} AGENDA for PLANNING MEETING and GOAL SETTING SEPTEMBER 2, 2008 Break-out Workin Groins: (Choose one topic you are interested in.) We will break-off into groups to discuss the following work topics for approximately 45 minutes and then come back together to report your plan of focus for each. This task should be completed by voting members of the IEDC. Feel &ee to reference the IDEC 2008 Action Statement to guide your discussion (attached). Q: Ask yourself what the issues are and what the plan of focus should be? • Transportation/Infra-structure: How do we stay informed about City- related transportation and infrastructure issues (ie. The coalition between Monticello and Big Lake, the City of Monticello transportation study currently being conducted, location of the next City interchange off I-94, waste water sewer, etc.) What other Transportation/Infra-structure issues exist and are related to the City of Monticello? • Land: How do we stay on top of land inventory for the City making sure there is enough industrial land available for economic development? What is the current • amount of available industrial zoned land and where is it located? What does the City's Comprehensive Plan say about industrial land issues? • BUS1neSS Reteritl0n: How do we stay tune to the needs of industrial and manufacturer business in our community? Face-to-face visits, surveys, etc. How can we as a group receive input from these businesses and discover what their needs are? Specifically which businesses should be contacted? • Marketing & Communication: How do we communicate with the industries and manufacturers in our community and at the same time promote and recognize their efforts? (ie. Direct mail printed newsletter with updates, submit press releases to newspaper, create an industrial and economic development evening event focused on networking and specializing.) In what ways can the City market it's industrial land? How does marketing and communication relate to economic development? • 6. Resort from Committees. Membershia: Due to the hiring of a new Economic Development Director, it would be helpful to review each committee's membership. At a future EDA meeting, discussion should ensue regarding each of the sub-committees "job description." Committees• Higher Education: Met on August 21, 2008. The committee established their vision and mission statement. At their September 4~' meeting they will be outlining a work plan and related objectives. Once these documents have been established, Staff will present the Higher Education Committee to the City Council for discussion on how the Council would like to formally recognize the committee. Draft vision statement: To promote higher education to better develop our economy, community, and our people. Draft Mission Statement: Listen to our stakeholders and meet their needs by adapting to the changing • business and community environment and strengthen the bonds between our community and its people. We will create learning opportunities by building partnerships and be right sized. Marketing and Housing Committee: Nothing to report at this time. Fiber Optics: Verbally report at meeting. • 7. Unfmished Business. A. Amendments to the EDA Business Subsidy Criteria (TIFF and to call for a public hearing date to approve amendments. Due to change in staff, the required public hearing was not coordinated for the September 10, 2008 EDA meeting. Staff is in the process of locating the electronic copy of the most up to date TIF Criteria. The required public hearing notification will be properly posted in order to hold the hearing at the regularly scheduled October EDA meeting. B. Amendments to the EDA Business Subsidy Criteria (GMEF~ requesting City Council approval and to call for a public hearing date to approve amendments. It is anticipated that the City Council will review the proposed amendments at their September 22, 2008 meeting. Upon City Council approval, the proposed criteria will be brought back to the EDA for a public hearing and final approval. C. Consideration to review Preliminary Development Agreements and Private Contract for understanding of definition of Administrative Costs and review application fees/deposits of other cities. Economic Development Director Barnett met with representatives from Ehlers on • Wednesday, September 3, 2008. The purpose of the meeting was to introduce Ms. Barnett to the consultants and to begin getting her acclimated to the current standings, processes, criteria, and history related to the City's TIF districts. Ms. Barnett is in the process of reviewing information received from Ehlers and will be prepared to provide a recommendation on how administrative costs could be handled at the regularly scheduled October EDA meeting. • • EDA 9.10.08 7d. Review Preliminary List of Underutilized Properties within the City. Reference and backEround: At the August 13, 2008 EDA meeting, the Authority directed staff to begin working on a list of "underutilized properties" within the City. The EDA stated their interested in developing a priority list of redevelopment properties. The intentions of formulating a priority list is to assist in the decision making process when purchasing opportunities arise. Staff complied a preliminary list of underutilized properties for the EDA to review. A building value of less than $85,000 was used as a starting point for identifying underutilized properties. The EDA may want to discuss if this valuation is too high or to low. Discussion: Staff will supply a copy of the TIF District map at the meeting. It is also staff's intention • provide a map at the meeting that provides a better view of the core downtown area. At the October EDA meeting staff will provide a map and list of HRA/EDA owned properties. Staff would like to discuss what valuation, building vs. land /dollar value, the EDA is comfortable with before continuing to discuss how specific parcels should be prioritized. It should also be noted that Executive Director Barnett met with Ehlers on September 3, 2008. Once she is able to review all the TIF district standings, discussion regarding funding sources for future redevelopment within the downtown will be more pointed. It should be noted that staff has begun making contacts with various agencies to discuss grant opportunities for redevelopment. Staff will continue to report on any viable options. Action: U The EDA is being asked to provide staff with preliminary direction regarding establishing an underutilized valuation marker. 1 • n PROPHOUSE PROPSTR SUMMVLAND SUMMVBLDG 713 6TH 45000 81500 503 MAPLE 49000 82200 516 MAPLE 45000 83600 419 6TH 44000 59600 413 6TH 44000 76800 324 5TH 19200 54000 118 4TH 62100 66900 34100 20600 121600 37600 613 4TH 49000 75300 612 3RD 45000 80900 524 3RD 45000 73600 413 4TH 50000 74500 400 3RD 43000 82000 412 3RD 44000 81200 303 LOCUST 44000 73800 312 3RD 44000 79200 318 3RD 45000 81900 148 BROADWAY 7500 29600 118 BROADWAY 38200 59000 213 PINE 50500 5300 207 PINE 23700 60300 1.7800 31900 146 BROADWAY 34700 81500 148 BROADWAY 32300 76500 209 WALNUT 50200 74800 212 BROADWAY 34800 79900 230 BROADWAY 52700 84300 232 BROADWAY 43000 61200 318 BROADWAY 159200 37500 324 BROADWAY 76600 45500 342 BROADWAY 44000 67900 413 3RD 45000 84900 • • PROPHOUSE PROPSTR SUMMVLAND SUMMVBLDG 407 3RD 44000 71700 211 LINK 44000 70800 418 BROADWAY 45000 76600 619 3RD 44000 71900 713 3RD 44000 72500 700 BROADWAY 45000 59100 718 BROADWAY 45000 72900 742 BROADWAY 44000 58200 806 BROADWAY 45000 55900 818 BROADWAY 49000 78700 906 BROADWAY 42000 57100 105 CHESTNUT 44000 73000 825 BROADWAY 43000 83600 813 BROADWAY 44000 63900 812 RIVER 49000 81400 643 BROADWAY 45000 68300 631 BROADWAY 44000 60200 500 RIVER 46000 79400 518 RIVER 46000 77100 109 LINK 37000 69800 349 BROADWAY 78500 52200 103 LOCUST 44000 76800 107 LOCUST 44000 66400 312 RIVER 45000 73400 213 BROADWAY 53200 62300 207 BROADWAY 52000 70200 109 WALNUT 47400 74500 200 RIVER 49000 63200 149 BROADWAY 29100 70000 101 BROADWAY 14000 34400 101 BROADWAY 94700 57300 106 WALNUT 67900 43000 44100 37000 53600 16400 325 RIVER 49000 72500 r: • PROPHOUSE PROPSTR SUMMVLAND SUMMVBLDG 8 LINK 44000 58300 7 LINK 47000 65900 9 LIMN 42000 58700 725 RIVER 85000 73500 801 RIVER 86000 69300 67400 33200 207 RIVER 85000 82200 249 BROADWAY 181200 5800 255 BROADWAY 45000 81600 212 RIVER 44000 76300 206 RIVER 42000 82500 307 3RD 44000 72000 309 3RD 43000 56400 212 CEDAR 42300 55000 306 3RD 45000 79400 201 4TH 44000 62300 213 4TH 45000 72200 219 4TH 45000 80400 • 212 3RD 45000 61100 406 6TH 45000 63200 506 6TH 45000 79700 518 6TH 44000 42200 1501 BROADWAY 672100 8800 81900 5900 743 BROADWAY 51900 67900 713 BROADWAY 43000 63900 601 BROADWAY 46000 84800 512 RIVER 45000 75500 424 RIVER 48000 83800 301 BROADWAY 45000 80700 306 RIVER 44000 60100 425 RIVER 86000 81600 724 BROADWAY 45000 80800 700 BROADWAY 45000 65800 812 RIVER 45000 72100 r~ U • PROPHOUSE 1219 924 607 600 436 405 301 307 331 218 322 1010 1025 108 812 1324 1003 143 120 246 230 232 1511 336 207 9165 PROPSTR HART RIVER 4TH 3RD 4TH RAMSEY RIVERVIEW 4TH 4TH 4TH 4TH RIVER BROADWAY OAKVIEW GOLF COURSE RIVER GOLF COURSE HEDMAN HEDMAN MARVIN ELWOOD MARVIN ELWOOD MARVIN ELWOOD BROADWAY BROADWAY NEW FALCON SUMMVLAND 140200 85700 50000 45000 44000 50000 68600 86500 49000 44000 44000 45000 45000 49000 49000 48000 45000 50000 45700 45700 49000 35000 35000 38000 38000 540100 197100 45000 36000 37000 201500 518700 SUMMVBLDG 19900 82200 78800 82800 84400 73300 44000 55000 9800 84600 65800 76200 49400 82100 69000 84900 39900 74600 61700 84500 77700 70200 70200 72400 72400 32800 27400 77300 21600 45500 7900 30200 • PROPHOUSE PROPSTR SUMMVLAND SUMMVBLDG 1003 BROADWAY 30000 55400 401 FRONT 65000 72100 98000 24300 1182900 39000 16800 82400 16800 82400 616 6 1 /2 27000 20000 612 6 1 /2 27000 20000 608 6 1/2 27000 66700 604 6 1 /2 27000 66700 9108 ORCHARD 28000 70700 9371 GIFFORT 65000 20100 65000 20100 6634 OAKLEAF 60000 66700 28000 69400 28000 66800 28000 65700 28000 65700 28000 69400 70000 29600 70000 28000 70000 14200 28000 75600 28000 72000 28000 75600 29000 59400 29000 59400 8552 GATEWAY 29000 62400 27000 59500 27000 59400 70000 21000 1113200 79600 266500 74900 1821 RIVER 98500 21700 1809 RIVER 48000 78200 PROPHOUSE PROPSTR SUMMVLAND SUMMVBLDG 2025 RIVER 32100 62400 2156 RIVER 169100 43900 510 ELM 43000 69700 601 ELM 52400 41200 39700 27000 907 ELM 299300 8600 511 TERRITORIAL 128300 84800 1448 OAKWOOD 58800 26000 94000 35800 7760 COUNTY 72000 80300 ROAD 3 9 7776 COUNTY 85500 78500 ROAD 39 8792 COUNTY 100000 78000 ROAD 3 9 8305 COUNTY 111200 68000 ROAD 39 9979 IDE 179600 60800 29700 12700 8980 HARDING 65500 23100 8945 HARDING 72000 77600 40500 7500 8580 HAUG 315800 61900 8724 85TH 442900 71300 56900 20200 8270 72ND 85500 40100 7361 JABER 184500 47600 176600 24700 60400 18300 7204 72ND 895700 5800 7529 JASON 243000 66800 6209 80TH 751400 81800 6262 COUNTY 592300 66000 ROAD 37 PROPHOUSE PROPSTR SUMMVLAND SUMMVBLDG 7158 COUNTY 357000 46500 ROAD 37 7220 COUNTY 68800 80400 ROAD 37 13500 7700 48800 6500 8166 COUNTY 317700 71000 ROAD 37 8287 COUNTY 85500 49300 ROAD 37 8833 COUNTY 72000 75900 ROAD 37 8739 COUNTY 13500 12300 ROAD 37 8783 COUNTY 52200 79300 ROAD 37 8761 COUNTY 52200 62200 • 8765 ROAD 37 COUNTY 33800 63200 ROAD 37 8753 COUNTY 52200 78500 ROAD 37 8801 COUNTY 626200 5100 ROAD 37 8012 102ND 86400 45200 90000 33700 57600 8200 8727 GIFFORT 65000 76600 8660 GIFFORT 64000 83800 8730 GIFFORT 65000 80300 7020 84TH 58500 30600 7210 84TH 85000 8800 7285 83RD 78900 11500 7120 83RD 90100 17600 8295 JASON 89300 81700 • PROPHOUSE PROPSTR SUMMVLAND SUMMVBLDG 64300 16600 5500 17200 7639 90TH 76100 11700 7669 90TH 76100 27900 7701 90TH 62100 22800 8919 HARDING 58000 36800 8971 HAMILTON 64000 50500 8921 HAMILTON 64000 5700 8851 HAMILTON 54000 68100 8841 HAMILTON 64000 80500 7720 COUNTY 77500 75200 ROAD 3 9 11899 CAMERON 310600 64400 673 COUNTY 139500 54500 ROAD 39 10879 AETNA 564700 5700 1180 COUNTY 203600 56500 • 1046 ROAD 39 7 BRIARWOOD 29700 41600 2710 COUNTY 484600 47900 ROAD 39 3190 90TH 122900 46500 2839 90TH 126800 21300 2515 90TH 255000 78900 620000 34700 1130 90TH 332100 22200 9105 BRIARWOOD 171600 70700 1744 90TH 258000 12000 975 100TH 72000 53700 9768 MERIDIAN 110100 72600 31 97TH 198000 9600 302 90TH 341800 38400 277900 28100 693 90TH 767500 49300 8735 ACACIA 122600 13900 • • ., PROPHOUSE PROPSTR SUMMVLAND SUMMVBLDG 1846 85TH 119300 58000 1309900 10700 2580 85TH 461200 76200 2850 85TH 2442400 65500 8307 CAHILL 132800 81000 3691 85TH 686000 58100 44200 6700 8610 EDMONSON 520000 38000 861100 27400 324000 16500 7894 EDMONSON 168500 61100 7144 EDMONSON 304500 70100 7724 DAVIDSON 105800 72200 324000 19100 7959 STATE HWY 25 162800 42200 7877 CAHILL 650900 79000 2954 COUNTY 180000 63400 ROAD 37 1312 75TH 103000 29200 1308 75TH 110500 10200 1234 COUNTY 650300 70300 ROAD 37 7415 CAHILL 335500 82400 1779 75TH 169100 69800 1980 COUNTY 72000 52200 ROAD 37 170700 11400 7002 AGATE 568400 39800 836 COUNTY 85500 26200 ROAD 37 46 COUNTY 119300 66300 ROAD 37 6040 COUNTY 2216300 47200 ROAD 12 PROPHOUSE PROPSTR SUMMVLAND SUMMVBLDG 1214 COUNTY 64000 78900 ROAD 37 71700 72000 2759 COUNTY 73000 79100 ROAD 37 2705 COUNTY 827400 84200 ROAD 37 6687 CAMERON 182000 84700 127800 26200 6982 DAVERN 344500 9600 6271 DAVERN 190100 6500 6049 DAVERN 355100 72900 6426 DAVERN 1172200 74400 376100 5800 6187 EDMONSON 72000 74000 5175 COUNTY 64000 61000 ROAD 37 • 473 353 102ND 102ND 93600 93600 50000 64000 343 102ND 93600 67300 333 102ND 93600 75300 323 102ND 93600 78400 257 102ND 96000 69300 7937 BRADDOCK 82500 78700 7909 BRADDOCK 82500 82500 7885 BRADDOCK 76300 45500 7861 BRADDOCK 112500 7900 7845 BRADDOCK 82500 72100 7829 BRADDOCK 95000 13500 8545 DALTON 69000 74200 3075 88TH 68500 67200 3013 88TH 68000 78600 3090 85TH 69000 70600 3174 85TH 73400 26200 8866 DARLINGTON 68000 52600 r1 L..J • • PROPHOUSE PROPSTR SUMMVLAND SUMMVBLDG 3242 88TH 66000 24400 9846 ABERT 66000 68000 49500 8400 9936 ABERT 66000 61600 9946 ABERT 67000 78100 9982 ABERT 115500 71900 9992 ABERT 82500 69100 200 97TH 45500 25100 9820 ABERT 74300 37600 6337 CABLING 93600 68400 2337 66TH 150800 7100 574 119TH 64000 83700 97500 13100 64000 12800 194 120TH 160800 29900 954 120TH 85500 9500 984 120TH 83300 58300 1020 120TH 121000 83400 317200 8000 1930 120TH 297500 8800 • • EDA 9.10.08 7e. HRA/EDA owned property. Background: • The EDA stated at their August meeting they would like to see a list and supporting map of all HRA/EDA owned property. The Finance and Community Development departments have been diligently working on generating the requested list. It is anticipated that at the October EDA meeting a complete list and map will be available. • • EDA 9.10.08 8a. Cable taping EDA meetings. Background: • It has come to staff s attention that there will not be anyone available to tape the EDA's October meeting. Staff would like to have a verbal discussion regarding taping future EDA's meetings. •