EDA Agenda - 04/09/2025AGENDA
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, April 9, 2025 – 6:00 p.m.
Mississippi Room, Monticello Community Center
Commissioners: President Steve Johnson, Vice President Jon Morphew, Treasurer Hali Sittig,
Rick Barger, Councilmember Tracy Hinz, Mayor Lloyd Hilgart
Staff: Executive Director Jim Thares, Rachel Leonard, Angela Schumann, Tyler
Bevier, Sarah Rathlisberger
1. General Business
A. Call to Order
B. Roll Call 6:00 p.m.
2. Approval of Agenda
3. Consent Agenda
A. Consideration of Payment of Bills
B. Consideration of Approving Workshop Meeting Minutes – January 8, 2025
C. Consideration of Approving Regular Meeting Minutes – January 8, 2025
D. Consideration of Approving Regular Meeting Minutes – March 12, 2025
E. Consideration of Approving Workshop Meeting Minutes – March 12, 2025
4. Public Hearing
None
5. Regular Agenda
A. Consideration of Quote from Fossil Industries for Historic Signage Plaques for
Completed Façade Improvement Projects (Bliss Salon, Lucille Murray’s Dance Studio,
Monticello Dental Clinic)
B. Consideration of CMMA Tour of Manufacturing Sponsorship Opportunity connected
ECONOMIC DEVELOPMENT AUTHORITY WORKSHOP MEETING
(Academy Room)
4:30 p.m. Discussion - Pre-Application Review – Façade Improvement Forgivable
Loan Application – Nordic Restaurant and Taphouse (106 Walnut Street)
5:15 p.m. Discussion - UMC – MN-DEED MIF Grant; $150,000 +/- Claw back
EDA Regular Meeting Agenda – 04/09/2025
2
to the October 2025 Manufacturer’s Month promotional materials and activities in
the amount of $850.00
6. Other Business
A. Consideration of Economic Development Manager’s Report
7. Adjournment
Closed Meeting - Consideration of Recessing to Closed Session to Develop or Consider
Offers or Counteroffers for the Purchase or Sale of Real or Personal Property Pursuant to
Minnesota Statute 13D.05, Subdivision 3(c)(3)
PID #s 155273001010 - 9.76 acres
PID # 155274001020 - 6.20 acres
User:
Printed:04/01/2025 - 12:37PM
julie.cheney@monticellomn.gov
Transactions by Account
Batch:00203.03.2025
Accounts Payable
Account Number Vendor AmountGL DateDescription Check No PO No
213-46301-430400 KENNEDY AND GRAVEN CHARTEREDBlock 34 TIF District - Jan 2025 129816 310.5003/25/2025
213-46301-430400 KENNEDY AND GRAVEN CHARTEREDGMEF Loan - Car Wash - Jan 2025 129816 56.0003/25/2025
213-46301-430400 KENNEDY AND GRAVEN CHARTEREDGeneral EDA Matters - Jan 2025 129816 253.0003/25/2025
619.50Vendor Subtotal:
213-46301-431990 GROMBERG & ASSOCIATES LLC Project Megawatt RFP - MN DEED Form Prep 129811 270.0003/25/2025
270.00Vendor Subtotal:
Subtotal for Fund: 213 889.50
Report Total: 889.50
AP-Transactions by Account (04/01/2025 - 12:37 PM)Page 1
User:
Printed:03/19/2025 - 1:17PM
julie.cheney@monticellomn.gov
Transactions by Account
Batch:00202.03.2025
Accounts Payable
Account Number Vendor AmountGL DateDescription Check No PO No
213-46301-421990 US BANK CORPORATE PMT SYSTEMAMAZON - Space Heater 0 20.3903/15/2025
20.39Vendor Subtotal:
213-46301-438200 CITY OF MONTICELLO 130 Broadway E. (EDA strmwtr - formerly the Zoo) 7/3/2019 new fee 0 31.5003/15/2025
213-46301-438200 CITY OF MONTICELLO 216 Pine St (EDA - old Finders Keepers consignmt by old DMV) 0 53.8203/15/2025
85.32Vendor Subtotal:
213-46301-443990 US BANK CORPORATE PMT SYSTEMDOMINOS - Food Special Mtg - EDA 0 34.2703/15/2025
34.27Vendor Subtotal:
Subtotal for Fund: 213 139.98
Report Total: 139.98
AP-Transactions by Account (03/19/2025 - 1:17 PM)Page 1
User:
Printed:04/01/2025 - 12:36PM
julie.cheney@monticellomn.gov
Transactions by Account
Batch:00204.03.2025
Accounts Payable
Account Number Vendor AmountGL DateDescription Check No PO No
213-46301-431991 DEMVI LLC Parking Lot Maintenance - March 2025 0 213.8603/31/2025
213.86Vendor Subtotal:
213-46301-438100 CENTERPOINT ENERGY 12045691-8 - 216 Pine St 0 438.9803/31/2025
438.98Vendor Subtotal:
213-46301-438100 XCEL ENERGY 101 E 3rd St (216 Pine St) - formerly Finders Keepers 0 71.8303/31/2025
71.83Vendor Subtotal:
Subtotal for Fund: 213 724.67
Report Total: 724.67
AP-Transactions by Account (04/01/2025 - 12:36 PM)Page 1
The preceding list of bills payable totaling $1,754.15 was approved for payment.
Date: 4/9/25 Approved by:__________________________________________
Hali Sittig - Treasurer
MINUTES – (DRAFT)
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, January 8, 2025 – 6:00 p.m.
Mississippi Room, Monticello Community Center
Commissioners Present: President Steve Johnson, Treasurer Hali Sittig, Tracy Hinz, Mayor
Lloyd Hilgart
Commissioners Absent: Rick Barger
Staff Present: Economic Development Manager, Jim Thares, Community
Development Director Angela Schumann, Community, Tyler
Bevier, Community and Economic Coordinator
1. General Business
A. Call to Order
President Steve Johnson called the regular meeting of the Monticello EDA to order
at 6:00 p.m.
B. Roll Call 6:00 p.m.
Mr. Johnson called the roll.
2. Consideration of Additional Agenda Items
None.
3. Consent Agenda
A. Consideration of Payment of Bills
B. Consideration of Approving Workshop Meeting Minutes – July 10, 2024
C. Consideration of Approving Regular Meeting Minutes – July 10, 2024
D. Consideration of Approving Regular Meeting Minutes – July 24, 2024
E. Consideration of Approving Regular Meeting Minutes – December 11, 2024
HALI SITTIG MOVED TO APPROVE THE CONSENT AGENDA. TRACY HINZ SECONDED
THE MOTION. MOTION CARRIED UNANIMOUSLY, 5-0.
4. Public Hearing
N/A
5. Regular Agenda
A. Consideration of directing staff to prepare Pre-Development Agreement for
presentation at the February 12, 2025, EDA meeting
ECONOMIC DEVELOPMENT AUTHORITY SPECIAL MEETING
Monticello Community Center - Academy Room
4:45 p.m. Block 34 Redevelopment Update
EDA Regular Meeting Minutes (DRAFT) – 01/08/2025
Jim Thares, Economic Development Manager, presented the item. The EDA is asked
to authorize staff to work with the EDA attorney to prepare a Pre-Development
Agreement between the EDA, City of Monticello and Kraus Anderson related to
potential Block 34 Redevelopment activities for presentation and consideration
at a future meeting.
It was agreed at a prior meeting to create a Pre-Development Agreement which
allows the EDA and Kraus Anderson (KA) to understand basic commitments and
responsibilities. It identifies tasks and due diligence for both parties. As the work
progresses, it will clarify the items and terms that are to be negotiated and
included in a formal development agreement.
It also should be noted that the City Council will need to be involved in the Pre-
Development Agreement and perhaps a future development agreement as
several parcels of land in Block 34 are currently owned by the City rather than
the EDA.
Steve Johnson, Economic Development Authority President, asked if the staff
feels comfortable moving forward with direction the EDA has given them. Mr.
Thares said that staff feel they have direction from the EDA.
TRACY HINZ MOVED TO AUTHORIZE STAFF TO WORK WITH THE EDA ATTORNEY TO
PREPARE A PRE-DEVELOPMENT AGREEMENT BETWEEN THE EDA, CITY OF
MONTICELLO AND KRAUS ANDERSON RELATED TO POTENTIAL BLOCK 34
REDEVELOPMENT ACTIVITIES FOR PRESENTATION AND CONSIDERATION AT THE
FEBRUARY 12, 2025, EDA MEETING. APPROVE THE CONSENT AGENDA. LLOYD
HILGART SECONDED THE MOTION.
Stephen Michno of Krause Anderson addressed the Council and Public. He shared
KA’s appreciation for allowing them to be a part of the project and look forward to
working with the EDA.
MOTION CARRIED UNANIMOUSLY, 5-0.
B. Consideration of directing staff to prepare an environmental study proposal for
presentation at the February 12, 2025, EDA meeting
Mr. Thares presented the item. The EDA is asked to authorize staff to obtain a
proposal to complete a Phase II Environmental Site Assessment (ESA) of EDA
owned property located at 216 Pine Street.
The goal will be to have the proposal for presentation and consideration at a
future meeting.
EDA Regular Meeting Minutes (DRAFT) – 01/08/2025
A Phase II ESA is required due to the Phase I ESA findings conducted in early
2024 by WSB & Associates at this same property. The Phase I ESA report
indicated there is a potential contamination related to a former gas station
located just north of the site 25 years earlier. The REC (Recognized
Environmental Condition) then requires a Phase II as a follow-up step.
Mr. Johnson inquired if there were environmental studies done when the gas
station was demolished. Mr. Thares stated not that far back. However, in 2013
studies were made including this property and the gas station and potential
contamination was noted at that time.
LLOYD HILGART MOVED TO AUTHORIZE STAFF TO SEEK PROPOSALS FROM THE
CITY ENVIRONMENTAL REVIEW CONSULTANT, WSB, FOR A PHASE II
ENVIRONMENTAL SITE ASSESSMENT (ESA) OF EDA OWNED PROPERTY
LOCATED AT 216 PINE STREET. HALI SITTIG SECONDED THE MOTION. MOTION
CARRIED UNANIMOUSLY, 5-0.
C. Consideration of directing staff to prepare a Blight and Substandard Findings
proposal related to potential Block 34 redevelopment efforts for presentation at
the February 12, 2025, EDA meeting.
Mr. Thares presented the item. The EDA is asked to authorize staff to seek a
proposal from LHB, Inc. for completion of TIF qualification reports through a
Blight-Substandard Findings inspections, all of which are related to potential
redevelopment activities in Block 34. The goal will be to have the proposal for
presentation and consideration at a future meeting.
If the EDA is going to consider establishing a TIF Redevelopment District for this
effort in the future. The Blight Substandard Findings Report is a required step. If
the estimated costs to address building deficiencies are 15% or more of the
building’s current taxable market value, it would be classified as a substandard
building.
The EDA has used LHB’s services for this work in the past and staff recommends
approval to seek the work scope proposal and quote.
HALI SITTIG MOVED TO AUTHORIZE STAFF TO SEEK A BLIGHT AND
SUBSTANDARD FINDINGS PROPOSAL RELATED TO POTENTIAL
REDEVELOPMENT ACTIVITIES IN BLOCK 34. MOTION SECONDED BY JON
MORPHEW. MOTION CARRIED UNANIMOUSLY, 5-0.
6. Other Business
EDA Regular Meeting Minutes (DRAFT) – 01/08/2025
A. Consideration of Economic Development Manager’s Report
Mr. Thares provided an overview of the agenda item to the EDA and the public.
7. Adjournment
TRACY HINZ MOVED TO ADJOURN; MOTION SECONDED BY HALI SITTIG. MOTION
CARRIED UNANIMOUSLY, 5-0. MEETING ADJOURNED AT 6:29 P.M.
MINUTES – (DRAFT)
WORKSHOP MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, January 8, 2025 – 4:45 p.m.
Academy Room, Monticello Community Center
Commissioners Present: President Steve Johnson, Vice President Jon Morphew, Mayor
Lloyd Hilgart, Council Member Tracy Hinz
Commissioners Absent: Rick Barger, Treasurer Hali Sittig
Staff Present: Executive Director Jim Thares, Community Development Director
Angela Schumann, Community and Economic Development
Coordinator Tyler Bevier
1. Call to Order
President Steve Johnson called the workshop meeting to order at 4:45 p.m.
2. Roll Call
Mr. Johnson called the roll.
3. Block 34 Redevelopment Update
Angela Schumann presented the agenda and the shared the expectations staff have for
the EDA at this workshop.
Jim Thares, Economic Development Manager, began the discussion by presenting an
update of the Concept. Mr. Thares introduced Stefan Michno from Krause Anderson
(KA).
Mr. Michno shared an overview of existing conditions for Block 34.
• Several buildings are owned by the city
• 2 active municipal wells
• 2 buildings are not owned by the City
There are 2 phases. Phase one includes the Christiansen Group (CG) and the wells will
remain.
Mr. Johnson asked if it was a definite decision that the CG will be a part of the
development. Ms. Schumann addressed; CG is anxious to come in and will discuss the
development with Krause Anderson and present to the EDA for their consideration.
Phase 2 is a future phase expecting additional information about the status of the well.
KA believes the best use for this space is to acquire the remaining buildings.
Mr. Michno stressed this is a concept and there will be changes as the EDA, City and KA
move forward on this project.
Mayor Hilgart asked if the EDA was able to purchase both buildings, would the phase 2
EDA Workshop Meeting Minutes – 01/08/2025
2
be able to move forward with having only the one well in the middle. Mr. Michno
confirmed that it would be an option.
Council Member Tracy Hinz inquired if the concept sees the EDA owning these
properties. Mr. Michno addressed; there are 2 scenarios. One would be for KA to
purchase the property, and it would be a part of the finance package purchasing the
properties when they are shovel ready, approximately in 2027. The other scenario
would be for the city to purchase the property sooner.
Mayor Hilgart inquired if there has been discussion about decommissioning the wells.
Ms. Schumann address stating the city has only taken steps to allow us to consider
moving the wells to see if it is a viable option.
Mr. Michno stated that if the CG decided to hire KA, it would only be as a developer
unless they select KA as a contractor and architect.
Ms. Hinz asked Mr. Michno if in Phase One the Building for the CG is just a building and
a parking lot.
Mr. Johnson asked who hires KA in these circumstances. Mr. Michno said the CG would
hire them for Phase One and KA would be the owner for Phase Two.
Neither CG nor KA have an agreement in place to purchase any property on Block 34.
What they envision is CG would have their own subdivided property on Block 34 and
have a development agreement with the City in Phase One. There would be a separate
property within the TIF District where KA is looking to purchase from the city in Phase
Two.
Mr. Johnson inquired if KA would be entering into a development agreement with the
EDA for a fee. KA said there wouldn’t be a fee.
Ms. Hinz asked how much of Block 34 would KA own, Mr. Thares said it is yet to be
defined. The city wants public parking. It will be modeled much like Block 52.
Discussion was held the need for additional conversation if CG decides to hire another
company and to confer with the EDA Attorney.
Parking challenges were discussed.
Ms. Schumann addressed the EDA and informed them this is a good time to share their
thoughts.
Mr. Johnson said he is not confident the EDA will see a return on its investment and
feels the developer is expecting the city to provide parking for the businesses. He
suggested a 2-story building would bring in more income and tax base.
EDA Workshop Meeting Minutes – 01/08/2025
3
Mayor Hilgart suggested that the highest investment may not be the best fit for
Monticello.
Mr. Morphew noted this development is a catalyst for progress outside of Block 34.
Mr. Johnson doesn’t feel the EDA is ready to give the approval for KA to develop the
Christianson Groups building and move forward.
Mr. Hilgart and Ms. Schumann expressed that they believe the EDA has been clear as
they are aware of the square footage, etc. and gave KA directions to meet with CG. Mr.
Thares agreed the EDA gave direction to Staff to keep moving forward.
Mr. Johnson has strong reservations with KA moving forward with CG.
Mr. Michno noted the following day KA is meeting with CG to go through the schedule
of architect, construction, design, financing, city processes of approval. This will point
out to CG they have to begin the process quickly to meet their goal of 9/2026.
Mayor Hilgart confirmed the concept presented today is the same as the last one
presented to the EDA.
Ms. Schumann clarifies the meeting between KA and CG on 2/31/25 is to convey the
objective the EDA envisions for Block 34 and understand and meet CG needs.
Mayor Hilgart felt a need for a special meeting with all in attendance to decide on the
CG involvement. It was the conscious to schedule a special meeting to decide if and how
CG fits into the EDA objective for Block 34 next week.
Mr. Thares shared that the buildings the EDA owns, has a blight findings whcihc the EDA
is not responsible for.
4. Nordic Brewpub Update
This item was not addressed due to time constraints.
TRACY HINZ MOVED TO ADJOURN; JON MORPHEW SECONDED THE MOTION. MOTION
CARRIED UNANIMOUSLY, 5-0. MEETING ADJOURNED AT 6:09 P.M.
EDA Workshop Meeting Minutes – 01/08/2025
4
Recorded By: Vicki Leerhoff __
Date Approved: 04/09/2025
ATTEST:
_________________________________________
Jim Thares, EDA Executive Director
MINUTES – (DRAFT)
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, March 12, 2025 – 6:00 p.m.
Mississippi Room, Monticello Community Center
Members Present: President Steve Johnson, Vice President Jon Morphew, Treasurer Hali Sittig,
Rick Barger, Councilmember Tracy Hinz, Mayor Lloyd Hilgart
Staff Present: Economic Development Manager Jim Thares, Tyler Bevier, Sarah
Rathlisberger
1. General Business
A. Call to Order
President Steve Johnson called the regular meeting of the Monticello EDA to order
at 6:05 p.m.
B. Roll Call 6:05 p.m.
Mr. Johnson called the roll – all members were present with exception of Treasurer
Hali Sittig joining later.
2. Consideration of Additional Agenda Items
None
Commissioner Hali Sittig joined the meeting at 6:07 p.m.
3. Consent Agenda
A. Consideration of Payment of Bills
B. Consideration of Approving Regular Meeting Minutes – February 12, 2025
C. Consideration of Approving Workshop Meeting Minutes – February 12, 2025
JON MORPHEW MOVED TO ACCEPT AND APPROVE THE CONCENT AGENDA. RICK
BARGER SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 6-0.
4. Public Hearing
None
5. Regular Agenda
A. Consideration of EDA Financial Statements and Fund Balance Information
ECONOMIC DEVELOPMENT AUTHORITY WORKSHOP MEETING
(Academy Room)
5:00 p.m. Discussion and Review EDA Workplan Proposed 2025-2027
EDA Regular Meeting Minutes (DRAFT) – 03/12/2025
2
Finance Director Sarah Rathlisberger introduced herself and the 2024 Economic
Development Authority financial statements, noting the September 30, 2024, date
should read unaudited as of December 31, 2024; the original intent was to provide
this update at the February 2025 EDA business meeting. No further revisions will be
presented this evening with anticipation for the City audit taking place week of April
7, 2025, to finalize any year-end entries for 2024. Numbers may be tweaked slightly
though Ms. Rathlisberger was confident that the figures presented were as accurate
as possible.
Ms. Rathlisberger explained the structured layout of the presented statement,
noting the EDA-controlled General Fund, the GMEF program, the various TIF Districts
Funds, and the Small Cities Development Program (SCDP) funds and broke down
each column’s components.
Mr. Johnson asked if a motion was required for the consideration presented or to
take the presentation as such. Sarah Rathlisberger stated while the numbers were
near complete, they have not yet been finalized while year-end auditing is
underway. Mr. Johnson asked when a finalized report should be available and if the
board may receive a copy at a future meeting. Ms. Rathlisberger said that would be
possible and could be included in a future agenda packet.
B. Consideration of Block 52 Redevelopment Certificate of Completion
Executive Director Jim Thares spoke of the past consideration, last presented at the
April 10, 2024, EDA meeting, wherein staff asked the board to approve a Certificate
of Completion for the Block 52 Mixed Use Redevelopment project and to authorize a
partial disbursement of the Authority Grant in the of $290,000 to Block 52 Holdings,
LLC, contingent on satisfactory completion of remaining contract items.
Subsequently, the Authority Grant was amended to the current total of $417,400,
none of which has been disbursed to date. The Certificate of Completion has also
not been signed yet due to several non-completed items related to the Block 52
PUD. City staff are proposing to hold back an amount of $40,000 until the final three
four items are fully completed, which is expected to be in June.
Mr. Thares pointed out the items on the “punch list” from April 2024 and the
progress in completing those items. He further noted that the final Certificate of
Occupancy (CO) was issued on October 10, 2024. With the guidance of the EDA legal
EDA Regular Meeting Minutes (DRAFT) – 03/12/2025
3
counsel, the City was encouraged to retain the issuance of the Certificate of
Completion and Authority Grant funding disbursement until all requirements of the
PUD are satisfied. Mr. Thares stated the applicant is almost there; the remaining
items are relating to landscaping in warmer weather conditions and submittal of a
full parking management plan to satisfy the partially collected.
To clarify, Angela Schumann said as part of the conditions of the PUD agreement,
the developer must provide a parking management plan. This plan usually includes
information describing active management of the underground and ground level
parking and how and possibly where commercial tenants will have employees park
while also accommodating adequate customer parking. A residential parking
management plan for the apartments is all the City has received at this point.
Councilmember Tracy Hinz asked how the monetary assignment for the parking
management plan was arrived at. Mr. Thares stated the $40,000 figure was
determined by staff as a means to get their attention. The EDA grant requirements
are for the funds to be to be spent on items including the parking lot improvements,
its lighting, street-scaping along the Broadway Street sidewalk, and the retaining
wall and sidewalk on the Highway 25 side, all totaling well over the $417,000
contracted amount.
HALI SITTIG MOVED TO APPROVE THE EXECUTION OF THE CERTIFICATE OF
COMPLETION FOR BLOCK 52 MIXED-USE REDEVELOPMENT PROJECT AND
AUTHORIZE PARTIAL DISBURSEMENT OF THE AUTHORITY GRANT FUNDING IN THE
AMOUNT OF $377,400 TO BLOCK 52 HOLDINGS, LLC AS AUTHORIZED IN THE
PURCHASE AND DEVELOPMENT CONTRACT. MOTION SECONDED BY LLOYD HILGART.
AN AMENDMENT TO INCLUDE THE DISBURSEMENT OF THE FINAL $40,000 AS
DETERMINED APPROPRIATE BY STAFF WAS MADE BY LLOYD HILGART. AMENDED
MOTION SECONDED BY HALI SITTIG. MOTION CARRIED UNANIMOUSLY, 6-0.
C. Consideration of Adoption of EDA Workplan Proposed 2025-2027
Prior to the regular meeting, EDA members and staff met for a workshop to review
the proposal to incorporate revisions to the Workplan to include items from and
referencing the Monticello 2040 Vision + Plan specific to EDA activities. Mr. Thares
provided a red-lined copy of the 2022-2024 as the proposed 2025-2027 workplan
with minimal revisions and removal of completed projects. An addition to include to
goal 1.2, was also noted as a requested addition by the EDA members; to be
EDA Regular Meeting Minutes (DRAFT) – 03/12/2025
4
included on Business Retention & Expansion visits as scheduling allows.
TRACY HINZ MOVED FOR APPROVAL OF ADOPTION OF THE 2025-2027 EDA
WORKPLAN AS PRESENTED. MOTION SECONDED BY RICK BARGER. MOTION
CARRIED UNANIMOUSLY, 6-0.
6. Economic Development Manager’s Report
Executive Director Jim Thares spoke of the two individuals from the community with
business experience, introduced by President Johnson, who are interested in vying for the
vacancy on the EDA. Applications have not been received by the candidates yet, however,
both individuals meet the criteria to apply, so intent is to schedule interviews in late March
or April.
At the previous meeting, Mr. Thares spoke of EDA Attorney Gina Fiorini and several of her
colleges who had recently left Kennedy & Graven to work at Minneapolis law firm, Kutak
Rock. With EDA’s direction, interviews and selection process will take place sometime at the
end of April into mid-May.
Mr. Thares spoke of the Due North Car Wash GMEF loan paid off by RRG Holdings, LLC. The
total payoff amount was $123,215.66, which will go back into the GMEF Loan balance,
increasing the available funds to approximately $808,300.00 +/-. In addition, two invoices
provided to Due North, for EDA attorney fees, totaling $1,515.00, were also received.
No action is proposed for reinstating the Economic Development Services Assistance
consultant contract as of yet. Staff will monitor this and evaluate the need for this service
as the year progresses.
Mr. Thares reported that Rustech Brewing is liquidating their equipment by means of online
auction. He reminded the EDA that it has a valid Universal Commercial Code (UCC) filing on
the equipment through a Purchase Money Security Interest (PMSI) with the MN Secretary
of State’s office. The anticipation is to collect from the sale of the equipment to pay toward
the loan.
Mr. Thares spoke of the status on the Nordic Restaurant and Taphouse GMEF Loan
application pre-application submittal. It was noted that a joint meeting was held with the
various financing entities, the applicant, and staff to discuss the various loan options
available. Due to time constraints, Nordic ownership has paused all discussions with the
lender group for financing of the property purchase and remodel of the new location in
EDA Regular Meeting Minutes (DRAFT) – 03/12/2025
5
Block 52 at 106 Walnut Street. In the interim, staff anticipates that Nordic Restaurant and
Taphouse may seek to use the EDA Façade Improvement Forgivable Loan program to
renovate the exterior of the property and will be included on a future workshop agenda for
consideration.
Mr. Thares updated the EDA about the prospect and projects list. Mr. Barger asked if an
addition to the Manager’s Report could include developer status or potential issues that
may arise such as the referenced multi-family market challenges, so the EDA has ongoing
contextual information. Mr. Thares agreed, the information will be implemented in future
reports.
The EDA recessed at 7:06 p.m. and entered into a closed session to discuss the land negotiation
items. Following the closed session, the EDA adjourned their regular meeting.
7. Closed Session - Consideration of Recessing to Closed Session to Develop or Consider
Offers or Counteroffers for the Purchase or Sale of Real or Personal Property Pursuant to
Minnesota Statute 13D.05, Subdivision 3(c)(3)
PID #s 155191000010, 155191000020, 155191001010
PID # 155171001010
8. Adjourn
Following the closed session, the EDA Adjourned their regular meeting.
MINUTES – (DRAFT)
WORKSHOP MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, March 12, 2025 – 5:00 p.m.
Academy Room, Monticello Community Center
Commissioners Present: President Steve Johnson, Vice President Jon Morphew, Rick
Barger, Councilmember Tracy Hinz, Mayor Lloyd Hilgart
Commissioners Absent: Treasurer Hali Sittig
Staff Present: Executive Director Jim Thares, Angela Schumann, Tyler Bevier,
Anne Mueller
1. Call to Order
President Steve Johnson called the meeting to order at 5:00 p.m.
2. Roll Call
Mr. Johnson called the roll.
3. Discussion – Review – Proposed EDA 2025-2027 Workplan (Goals and Objectives)
Executive Director Jim Thares introduced the City of Monticello workplan and guiding its
economic development activities over the next three years. The proposed Workplan is
relatively similar to the previous three-year plan, with exception of Block 52
redevelopment and the Country Club Headwaters housing development. Some revisions
are obvious, per 2022-2024 template presented with redline revisions and others were
considered from comments by the EDA for editing which were also incorporated into
the draft.
Angela Schumann included that the context was taken directly out of the Monticello
2040 Vision + Plan, with attention to the end of the agenda, appendix states Chapter 5
pertains to Goals for the EDA and Chapter 9 of Policies and Strategies for said Goals.
Jim Thares went through each of the eight comprehensive goal plans with policies and
strategies for each, encouraging anyone to call out anything that jumps out to question
for discussion, as is directed by the EDA for staff time and commitment out of
expenditure funds and reason for the workshop.
Jon Morphew said the proposed has ambitious goals and noted the complexity of
tracking where each applicant is at, asked of the possibility for staff review on a
quarterly basis as a checklist means for status.
Angela Schumann added this is also factored and covered under the Implementation
chapter of the Workplan, referencing the tax abatement policy for example, and
confirmed this practice is annual.
EDA Workshop Meeting Minutes (draft) – 03/12/2025
2
Jim Thares recognized that a quarterly or semi-annual review is a worthy goal and would
be considered.
Jon Morphew suggested it could be reviewed on an as-needed basis too, perhaps by a
tracking measure or a spreadsheet with information. Some items would obviously not
be pertinent or those items not on a routine daily basis, a means of seeing where each
project is at, and that timeline of expectations are met. Lloyd Hilgart felt that quarterly
reporting may be too often.
Mayor Lloyd Hilgart recently made rounds, picked up promotional products for an
upcoming robotics competition from area businesses. This allowed him to visit industrial
business owners on site and he was granted an extensive tour at the Karlsburger facility.
He learns a lot in these situations and asked that the EDA consider having a goal of
involving the EDA members in these types of business contact efforts through BR&E
visits or possible less formal tours, etc. An idea suggested was with staff assistance to
perhaps organize a meeting for industries to come together to meet. Angela Schumann
clarified this practice would be different than business expansion/retention expansion
visit and quite challenging schedule during working hours at peak operation and
expectation of staff to accommodate.
Rick Barger proposed a means to spotlight Monticello businesses, to attract attention to
their operations for the general public’s information and suggested a newspaper.
Perhaps by showing the greater Monticello population what businesses here do might
help attract local talent instead of driving to the Twin Cities.
Steve Johnson is interested to gather information on Monticello’s workforce – how
many residents are leaving the city for work and how many live and work in the city. Mr.
Johnson agrees that shops and industrial parks could be highlighted regarding available
jobs and wages and vital skills within the community. Staying in town to live and work
will help reduce transportation costs as well. Perhaps there are open opportunities here
that are missed and a list of skills needed might attract people to come here. A
suggestion was made to see about other communication methods as promotion for the
City.
Angela Schumann stated that this practice is already in full swing at triple duty; Tyler
Bevier and communications director Stephanie Trottier have been networking with
businesses, cross-promoting from city website, newsletters, and social media platforms
in addition to the Monticello Times & Shopper.
Lloyd Hilgart suggested that citizens might want to see the people making the decisions.
Should a need or issue arise, a familiar face helps the ease of encountering a potential
situation. It is easier to keep the businesses that are already here versus luring in new
start-up operations. Monticello would prefer to help businesses move up or into
another existing facility rather than picking up an entire operation and moving out of
City limits.
EDA Workshop Meeting Minutes (draft) – 03/12/2025
3
Steve Johnson also noted that networking is key in who you know, look them in the eye,
and develop good relationships with City leaders. He suggested a quarterly round of
visiting businesses to investigate how they operate, and moreover how we can help
them. Perhaps assistance by staff to arrange the tour may alleviate the notion of public
relations as a stunt rather than an offering.
Jon Morphew added that engagement direct with the community will bring new ideas
for EDA consideration, as an outside perspective on their everyday issues and situations,
and a means to learn from each other. Greater reception is received by simply being
heard and gaining another perspective.
Jim Thares mentioned a questionnaire with EDA input could be of benefit to put into
place and is along with proposing in-person site meetings, creating good reception from
businesses.
Rick Barger said mayoral introductions are great with upstarts, but when existing
businesses expand or approach the next step, having those consistent contacts and
connections to encourage support by the City, ensuring longevity in the community.
Angela Schumann suggested Mr. Barger is perhaps stating that outreach is not
necessarily for the new businesses, but what is existing.
Lloyd Hilgert expressed the importance of the City’s assistance, noting the façade
program, ensuring financial help is available and that TIFs and abatements are not only
applicable to new businesses. The City wants to financially help those who are already
here, not just large companies.
Jim Thares said it may take some word refining though he concurs with the EDA views of
facilitating the EDA’s active engagement with local businesses which may best fit in a
revised Policy 1.2.
Angela Schumann stated along with adding the verbiage, staff could review how City
promotional marketing might be tied in, to cross-reference Policy 1.2 of the Workplan.
Councilmember Tracy Hinz stated the goals presented are all-encompassing; all details
seem to be embedded in the document and could not determine where changes might
be needed. It was noted by the members that monthly or quarterly reports may help
inform the EDA of various efforts and results.
Angela Schumann agreed with the idea of a monthly report being doable and will also
assist with and may be built into a future Council Connections staff meeting. Jim Thares
also agreed with the notion.
EDA Workshop Meeting Minutes (draft) – 03/12/2025
4
Steve Johnson said while reviewing some of the questions, asked of the status of the
existing businesses downtown. Where is the status on the downtown project and where
is the City looking toward the future on this? Create conversations as to focus on
situations at hand as it pertains and suggested a discussion or roundtable with the
businesses, recalling this had been done when Block 52 was in the planning phase of the
development.
Angela Schumann said this was Downtown Rounds and the program has been put on
pause. The last opportunity to meet was attempted twice; invitations were hand-
delivered and emailed to downtown area businesses to gather and collectively converse,
however, no one showed up.
Angela Schumann said the Business Retention Expansion program structured by the EDA
is in effect; planning and scheduling by staff was focused half on downtown and half on
businesses in commercial. Continued conversation is considered.
Lloyd Hilgert stated that it took a long time, with enough change and turnover
downtown, for the City’s reputation to be restored. The winds have changed; the City
has proven itself to be committed to helping businesses. Good news travels and
Monticello’s businesses are quick to call out inaccuracies among their peers as to
advocate for the City. It has taken some time, but the positives outweigh the negatives.
Steve Johnson referenced the three-to-four-year timeframe it is taking to complete
Block 52 as of this coming summer and, after streetscaping, is when the community will
see this as a benefit. All surrounding businesses felt the disruptions and detours from
the Highway 75 bridge reconstruction at once. Now that the bridge is complete, traffic is
flowing again, and folks are beginning to congregate as they did before.
Angela Schumann also noted that map production is currently underway to incorporate
downtown way-finding kiosks for parking, dining, and more. Communications staff are
working specifically on the downtown portion for this piolet program in addition to the
City website, social media outlets, and print publications.
Members commented on the best methods for getting marketing information to the
public about community attributes. Jim Thares stated that Alexandria has billboards
promoting their community. Steve Johnson asked if the Hi-Way Liquor Store sign might
be able to advertise jobs available throughout the City.
Rick Barger said a staffing company, located by McDonald’s, has an interactive sign that
does this further south from the liquor store on Highway 25, but is not sure how
effective this measure is. Angela Schumann said her team meets monthly with
communications staff and could be a topic for future discussion.
EDA Workshop Meeting Minutes (draft) – 03/12/2025
5
Steve Johnson suggested asking the questions, “What is the message to get out there?”,
“What responses are anticipated?”, and “Is what we’re doing successful?”
Adjournment
TRACI HINZ MOVED TO ADJOURN THE WORKSHOP MEETING. JON MORPHEW
SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 5-0. MEETING ADJOURNED
AT 5:55 P.M.
Recorder: Anne Mueller ___
Approved: April 9, 2025
Attest: ____________________________
Jim Thares, Economic Development Manager
EDA Agenda: 04/09/2025
5A. Consideration of Approving a Quote in the amount of $2,464 from Fossil Industries for
Historic Plaques related to recently Completed Façade Improvement Projects
Prepared by:
Economic Development Manager
Meeting Date:
04/09/2025
☒ Regular Agenda Item
☐ Consent Agenda Item
Reviewed by:
Community Development
Director, Community & Economic
Development Coordinator,
Finance Director
Approved by:
City Administrator
ACTION REQUESTED
Motion to authorize a quote from Fossil Industries in the amount of $2,464 for historic plaque
signs related to recently completed Façade Improvement projects in the core downtown area.
REFERENCE AND BACKGROUND
The EDA is asked to consider a quote from Fossil Industries for three additional façade plaque
signs to be placed at the completed downtown façade properties. These properties are the J&L
Murray Dance Studio , Monticello Family Dentistry and Bliss Salon.
The goal of the plaques signs is to showcase the historical nature of the buildings involved in
the improvement projects. The plaques include a brief written narrative of past uses of each
location. Involvement in this project included the Wright County Historical Society members
and staff research.
While the Façade Improvement Forgivable Loan Program policies state that the historic plaque
costs can be covered by the outlay of the façade loan award, the total funding of the recently
completed projects were allocated to actual building improvements. The trend toward
increased costs for materials and labor naturally pushes the prioritization of those project
components over the historic recognition signage item.
As a reference point, a historic signage plaque was placed on the side of the Agosto Law office
building (142 West Broadway) at the conclusion of the façade improvement project for that
property in the spring of 2021. A picture of the plaque is attached to this report as Exhibit B.
I. Budget Impact: The budget impact related to the Fossil Industries’ invoice consideration
is modest. The total impact on the EDA General Fund budget will be $2,464 (see
attached Exhibit A). There are sufficient funds to cover the cost of the three plaques.
The EDA allocated $47,000 in funding in its Advertising-Marketing budget line item
EDA Agenda: 04/09/2025
through its approval of the 2025 EDA General Fund budget. To date in 2025, there are
no expenditures attributed to this line item.
II. Staff Workload Impact: The staff impact related to the façade plaques included
meetings and research with the current and past owners of the buildings, as well as
meetings with volunteers and staff from the Wright County Historical Society. No other
staff are required to be involved in this effort.
III. Comprehensive Plan Impact: N/A
STAFF RECOMMENDATION
Staff recommend the EDA approve the marketing invoice for the three new plaque signs for the
completion of the façade improvement work. If the EDA approves the purchase of the three
historic plaques, city staff will collaborate with the Wright County Historical Society in an effort
to determine and portray an accurate history of the three buildings and provide it to Fossil
Industries for inclusion on the plaques.
SUPPORTING DATA
A. Quote from Fossil Industries (sign company)
B. Agosto Building Façade Plaque (142 West Broadway) – Previous Historic Plaque
Example
F106679QUOTE
3-10-25DATE:
PAGE: 1
505 Walnut Street
City of Monticello
Tyler BevierTo:
Fax#:Phone#:763-271-3206
Monticello MN 55362,
1110423.05ID #:
Downtown Facade SignsTag Name:
Rhiannon AndrewsAccount Executive:
1/2" Exterior CHPL Graphic.
Panel Size: 24''H x 16''W
4 Threaded Inserts w/ Tamper Resistant Studs.
COLOR SAMPLE: (8" x 10" x 1/8") CHPL. Created from Client Provided File.
-Used in production for color matching and resolution.
-Cost includes shipping Sample. See File Prep Guide for More Information.
Design & Production - Per Hour Estimate
Shipping not included.
E12-027-T4
99810
96304
....
3
1
6
408.00
40.00
200.00
0.00
1,224.00
40.00
1,200.00
0.00
DescriptionPart Number ExtQtyEach
Shipping:
$2,464.00TOTAL:
$2,464.00Subtotal:
0.000%Tax:
Deposit Due:1,478.00
After Delivery Amount Due 986.00
2,464.00Subtotal:
FOSSIL INDUSTRIES, INC.
44 Jefryn Boulevard
Deer Park, NY 11729
800-244-9809 631-254-9200
Fax: 631-254-4172
www.FossilGraphics.com
Please sign as your authorization to produce: ________________________________________ _____/_____/_____
All FOSSIL graphics feature 12-Color HD Printing and our Fossilized Surface®.
Digital files must conform to Fossil File Prep Guidelines (FossilGraphics.com)
Electronic layout proofs provided at no charge.
Features are indicated in Part Numbers:
‘’-P’’ = Custom Shape; ‘’-T’’ = Threaded Inserts; ‘’-D’’ = Double Sided; ‘’-H’’ =
Holes; ''MURAL'' - Indicates panels built to go directly beside another panel.
Shipping and Packing will be added to your final invoice.
Quote valid 90 days. Order produced under our standard Terms and Conditions
of Sale (FossilGraphics.com/terms). For installation info or to determine best
thickness of graphic to meet your requirements (FossilGraphics.com/guide).
60% Deposit / Balance Net 10 After DeliveryTERMS:
EDA Agenda: 04/09/2025
5B. Consideration of Authorizing a Sponsorship of Central Minnesota Manufacturer
Association (CMMA) Tour of Manufacturing (TOM) connected to the October 2025
Manufacturers Month promotional materials and activities in the amount of $850.00
Prepared by:
Economic Development Manager
Meeting Date:
04/09/2025
☒ Regular Agenda Item
☐ Consent Agenda Item
Reviewed by:
Community Development
Director, Community & Economic
Development Coordinator,
Finance Director
Approved by:
City Administrator
ACTION REQUESTED
Motion to authorize a sponsorship of the Central Minnesota Manufacturer Association (CMMA)
Tour of Manufacturing (TOM) connected to the October 2025 Manufacturers Month
promotional materials and activities in the amount of $850.00.
REFERENCE AND BACKGROUND
The EDA is asked to consider a sponsorship opportunity with the Central Minnesota
Manufacturers Association (CMMA) for its Tour of Manufacturing (TOM) promotional materials
and activities. CMMA membership is comprised of manufacturing firms, suppliers, supporting
businesses, financial institutions, educational institutions and public entities that are located in
the Central Minnesota region. They are a well-respected group for their work on behalf of the
value-added industry in this part of the state. CMMA often collaborate with the Midwest
Manufacturers Association (MMA) on education and awareness initiatives as well. A handful of
Monticello businesses also belong to the CMMA. The EDA signed up for a CMMA membership
in 2022 through the initial CET Grant funding (planning and marketing focus). The membership
was recently renewed for CY 2025 at an annual fee amount of $350.00 (paid on 10-08-2024).
A flyer attached to the staff report (Exhibit A) promoting the CMMA Tour of Manufacturing
sponsorship opportunities shows the tiered pricing options to participate in the October 2025
activities’ promotion and awareness efforts. A feature magazine will again be produced as part
of the promotional efforts for the October 2025 Manufacturers Month activities. The magazine
has a viewership of approximately 338,000 individuals.
I. Budget Impact: The budget impact related to the CMMA Tour of Manufacturing
sponsorship opportunity is $850.00. The 2025 approved EDA General Fund budget line
item of $47,000 has sufficient remaining dollars available to cover this cost.
EDA Agenda: 04/09/2025
II. Staff Workload Impact: The staff impact related to consideration of the CMMA Tour of
Manufacturing sponsorship promotional materials and activities is modest. The
opportunity was researched and discussed by the Community Development Director
and the Economic Development Manager. No additional staff are required for this
effort.
III. Comprehensive Plan Impact: N/A
STAFF RECOMMENDATION
Staff recommends the EDA authorize participation in the marketing sponsorship opportunity
with CMMA for its October 2025 Tour of Manufacturing’s promotional materials and activities.
The total cost of this opportunity is relatively modest at $850.00. The 2025 EDA General Fund
budget Advertising and Marketing activities line item was allocated $47,000. To date this year,
no dollars have been spent from this line item (consideration of the façade historic plaques is
also on this meeting agenda [item 5A]. If that is approved by the EDA just prior to this item, it
will utilize $2,464 from that same budget line item).
The CMMA group is a well-respected entity working to promote manufacturing’s role in the
economy as well as the associated career and job opportunities. Staff believes a half page
sponsorship feature by the EDA is of good value and will yield benefits in positive recognition
for the City of Monticello (and the EDA) among the CMMA membership which may result in
future development efforts within the community as well.
SUPPORTING DATA
A. CMMA flyer with information about 2025 TOM Sponsorship Opportunities
5Celebrating the
Central Minnesota Tour of Manufacturing
October 1 - 4, 2025
5th 5th
Anniversary Anniversary
edition in edition in
2025!2025!
Click to see 2024 virtual magazine
Join us for the 2025 Central Minnesota Tour of Manufacturing –
happening October 1-4, 2025!
Over the years, this event has connected manufacturers with students,
educators, and the community, showcasing career opportunities,
innovation, and the impact of local industry.
Now is your chance to be part of something bigger!
Why participate?
✔ Inspire the next generation of skilled workers
✔ Promote your company and industry impact
✔ Engage with schools, job seekers, and the community
✔ Strengthen workforce development efforts
Be a champion for manufacturing’s future!
Secure your participation package today and help us make this
milestone event the best yet.
📣Sign up now! (See page 2.)
Total reach in 2024:
over 338,000
Tour of Manufacturing Host - $500 (for manufacturers and colleges)
• Full page tour info in magazine
• Opportunity to do in-person or private tour
• Tour highlighted on map in magazine
• Tour highlighted in social media marketing
• Tour highlighted in radio advertising
• TOM yard signs provided (2 for private tours; 4 for in-person tours)
• Connection to schools and job seekers
• Post survey and stats shared
Gold Elite Sponsor - $1,800 (for manufacturers and colleges)
• Full page tour info in magazine
• Additional full page display ad far forward in magazine
• Recognized in digital communication
• Highlighted in radio advertising
• Featured in social media marketing
• TOM yard signs provided (2 for private tours; 4 for in-person tours)
• Post survey and stats shared
Gold Gold EliteElite
Gold Gold
Manufacturing packages
HostHost
Click to purchase
Contact:
Katie@MidwestManufacturers.com
800-654-5773
Click to Purchase
Online
MidwestManufacturers.com/cmma/central-mn-tour-of-mfg/
Supporting agency packages
Gold sponsor - $1,500
• Full page display ad in magazine
• Recognized in digital communication
• Highlighted in radio advertising
• Featured in social media marketing
• (2) TOM yard signs provided
• Opportunity to write an article featured in the magazine
• Post survey and stats shared
Silver sponsor - $850
• Half page display ad in magazine
• Recognized in digital communication
• Featured in social media marketing
• Opportunity to write an article featured in the magazine
• Post survey and stats shared
Bronze sponsor - $575
• Quarter page display ad in magazine
• Recognized in digital communication
• Featured in social media marketing
• Post survey and stats shared
⭐NEW in 2025!
Early reservation
bonus: positioned far
forward in magazine
Bonus full page to
Host, Gold, and
Gold Elite packages:
- add $250
Premium ad
positions:
• Inside front cover
• Inside back cover
• Back cover
- add $250
Materials deadline:
August 1, 2025
Bussing grants:
Inquire about grants
for bussing students to
your facility.
EDA Agenda: 4/09/2025
6. Economic Development Manager’s Report
Prepared by:
Economic Development Manager
Meeting Date:
4/09/2025
☒ Other Business
Reviewed by:
N/A
Approved by:
N/A
REFERENCE AND BACKGROUND
1. Vacant EDA Commissioner Status: An application for the open EDA commissioner seat was
recently received. One of the two individuals who had previously expressed interest in
serving on the EDA has decided to not apply to fill the vacancy due to family commitment
schedules. An interview session is being contemplated for the week of April 21, 2025.
2. EDA Attorney Interview and Selection Process: Staff have contacted two additional
prospective legal firms to discuss potential interest in serving as the EDA’s legal counsel.
Each firm has indicated that they are indeed interested in future interviews to serve in that
capacity. Staff will follow up with the prospects in the near future to set up an interview
session to accommodate schedules of all parties involved (including EDA members). The
target date for this is likely to be mid-May 2025. The EDA should plan for approximately
2.5 +/- hours of interview timeframe. This interaction process will allow a dialogue between
the EDA and the prospective legal firms regarding experience, pricing-rates methods, and
generally how each would propose to meet and respond to the EDA’s legal needs, consisting
of various financial assistance programs as well as real estate purchases, sales and potential
tenant relocation matters.
3. Rustech Brewing, LLC – Equipment Sale Occurring: Staff continues to stay in touch with Bill
Burt, the owner Rustech, regarding the next step of winding up the business venture and
disposing of the assets. The EDA has a first security interest through a Purchase Money
Security Interest (PMSI) on a list of brewing equipment through a valid UCC (Universal
Commercial Code) filing with the MN Secretary of State’s office. Mr. Burt is receiving offers
for the equipment and has been updating staff on the quotes to assess level of acceptance.
An initial sale of several equipment items (tanks) through an online process appears to have
been finalized. Staff will be able to provide more details for the EDA at the regular meeting.
EDA Agenda: 4/09/2025
4. Block 52 Mixed Use Redevelopment – MN-DEED Redevelopment Grant Funding Post
Monitoring Visit Update: City staff met with MN-DEED staff on March 11, 2025, to review
the files related to the redevelopment project, which include funding draw and
disbursement documentation. MN-DEED staff then toured the new development project
with City staff to get an in-person sense of the development and impact it is beginning to
have on the core downtown area. A post monitoring follow-up letter was provided to EDA
President, Steve Johnson, regarding the successful monitoring visit and the changed project
status to “Closed, Pending Final Report. A final report due in the summer of 2025 will
formally document the newly created taxable value and new FTE jobs at this location
through the recently completed development project. Please see attached Post
Monitoring letter as Exhibit A.
5. Economic Development Update for CY 2024 to City Council: Jim Thares, Economic
Development Manager, recently provided an update of the CY 2024 economic development
efforts and results through the EDA and IEDC’s activities. The PowerPoint slideshow
portrays a brief sketch of the 2024 highlights. See Exhibit B (PowerPoint slideshow).
6. Multi-Family Housing Market Update: City staff have met with the developer of the
Savanna Vista Apartment development several times in the past seven months to discuss
market concerns and challenges. The outcome of those meetings was that all parties would
share information on a regular basis as it is helpful and useful. Recent monitoring of the
newly completed apartment (2 buildings with 100-units each [total of 200 units])
development in the Pointes At Cedar District (PAC) indicates that it is experiencing more
success in its leasing activities. Recent information indicates that a total of 83 units out of
200 available are leased (vacancy of 58.5 percent); one building opened on August 1, 2024,
while the second building opened on November 1, 2024. This development, which has an
underground parking garage and other amenities including a club house with meeting
rooms, game room, an outside swimming pool, and pickleball courts, is a market rate
project and did not seek any public financial assistance.
66 units leased in building “A”
+ 17 units leased in building “B”__
83 units leased total (as of 4-02-25)
EDA Agenda: 4/09/2025
7. CMHC – Potential Senior Affordable Housing Development Project: CMHC staff reported
on Friday, April 5, 2025, that they are pausing (for at least a year) in their efforts to pursue
the development of a 40-unit affordable senior apartment development in Monticello.
They have identified a preferred site and will monitor the availability status of that in the
coming months as well. The stated reason for the pause is due to recent funding cuts to the
programs that are typically a source of funds for affordable senior housing projects.
8. Prospect List – Please see Exhibit C.
Business and Community Development Division
Great Northern Building
180 E 5th Street, Suite 1200
Saint Paul, MN 55101
mn.gov/deed
March 21, 2025
Steve Johnson
President, Monticello EDA
505 Walnut St. Suite 1
Monticello, MN 55362 Sent via email to: Steve.Johnson@ix.netcom.com
RE: Monitoring of Grantee Performance
Grant #: RDGP-22-0009-o-FY22
Project Title: Block 52
Dear Mr. Johnson:
Department of Employment and Economic Development staff, Angela Oldson, conducted a visit on
March 11, 2025, for the purpose of monitoring the above referenced Redevelopment grant. She met
with Jim Thares and Sarah Rathlisberger to examine the grant management and financial management
of the project. Our primary purpose was to help the EDA meet the objectives set forth in this program,
and to ensure compliance with all applicable regulations so that the EDA derives full benefit from the
Redevelopment grant.
I am pleased to inform you that we have no negative findings to report. On the basis of our review of the
project’s documentation, we have changed the status of the grant from “Closed, Pending Monitoring” to
“Closed, Pending Final Report.”
I have enclosed a copy of the Grant Adjustment Notice implementing this change. Please note that you
will need to continue to report on this project until the final public benefits are achieved.
If we can be of further assistance, please contact me at 651-259-7451.
Sincerely,
Kristin Lukes, Director
Brownfields and Redevelopment Unit
Enclosure
cc: Jim Thares, Economic Development Manager
Sarah Rathlisberger, Finance Director
Annual Update
ECONOMIC
DEVELOPMENT
March 24, 2025
About
“Programs, policies or activities that seek to improve the
economic well-being and quality of life for a community.”
Economic Development Authority (EDA)
The Monticello Economic Development Authority works to achieve
the City’s goals and objectives to attract higher wage level jobs and
expand the city tax base. It's sanctioned by the State of Minnesota
under statutes and rules governing financial programs such as tax
increment financing and business subsidy grants and loans. The EDA
also acts as the City’s Housing & Redevelopment Authority.
Industrial and Economic Development Committee (IEDC)
The Monticello IEDC will advocate for industrial and economic
growth within the city of Monticello by promoting awareness and
communication efforts on behalf of the business community.
EDA Meetings
Regular Meetings: 18
Special Meetings: 14
IEDC Meetings
Regular Meetings: 7
2040 Vision + Plan
BUSINESS ATTRACTION AND RETENTION
TAX BASE EXPANSION
DOWNTOWN VITALITY
REDEVELOPMENT AND REINVESTMENT
LIFE-CYCLE HOUSING
WORKFORCE DEVELOPMENT
PROMOTION AND PARTNERSHIPS
OPPORTUNITY FOCUS AREAS
Economic Development Tool Kit
•Tax Increment Financing (TIF)
•Tax Abatement
•Revolving Loans:
•Greater Monticello Enterprise Fund (GMEF)
•Monticello Small Cities Economic Development
•Downtown Façade Improvement Loan Program
•Land Acquisition/Redevelopment
•Collaborative Partners
•State Assistance Programs
•Federal Assistance Programs
•Marketing & Outreach
2024 Tools at Work – Block 52
•Downtown Small Area Plan
•Catalyst project
•Public/private partnership
•Companion improvements
(sideyard wall)
•EDAM award
2024 Tools at Work – Block 34
•Downtown Small Area Plan
•EDA land acquisition/City ownership
•Developer discussions, RFP & selection
•Next Steps:
•Blight & Substandard TIF Analysis
•Phase II Environmental Site Assessment
Publicly owned properties in blue.
2024 Tools at Work – Country Club
•Country Club TIF
•Senior housing with affordable
component
•Modification converting 2nd phase
apartment complex to additional twin
homes with affordable component
2024 Tools at Work – Fairfield Inn & Suites
•4-story 98-room Fairfield Inn
& Suites and full-service
restaurant
•Pointes at Cedar District
•Tax Abatement
•Cost: $21 million
•Estimated 42 jobs
2024 Tools at Work – Loan Programs
•GMEF Loans
•Hair Obsession Salon
•Rustech GMEF Loan Resolution
•Façade Improvement Forgivable Loans
•Lucille Murray Dance Studio
•Bliss Salon
•Monticello Family Dentistry
Outreach
Business Retention &
Expansion Visits (2 in 2024)
Manufacturer’s Appreciation
Breakfast (October)
Marketing Materials
•Responding to Prospects
•Marketing Materials &
Updates (In Progress)
•Resident Guide
•Site Sheets – Otter Creek,
Cedar Street, The Pointes,
7th Street
•Senior Sites
•Commercial, industrial,
and residential materials
•Mini Community Profile
Looking Forward
•Downtown revitalization
•Block 34 Cedar Street Site
•Senior housing initiatives
•Administrative follow-up
•Continued outreach
•Deploying marketing materials
•Increased business retention &
expansion efforts in 2025
Questions?
Jim Thares
Economic Development Manager
763-271-3254
Jim.Thares@MonticelloMN.gov
Date of
Contact
Company Name Business Category Project Description Building‐Facility Retained Jobs New Jobs Total Investment Project Status
5/22/2018 Karlsburger Foods Food Products Mfg.Facilty Expansion 20,000 sq. ft. +/-42 10 to
20
$4,500,000 On Hold
2/28/2022 Project Emma II Light Ind-Assembly New Construction 20,000 sq. ff.0 4 $1,350,000 Active Search
10/28/2021 Project Stallion Technology Service New Construction 42,000 sq. ft.40 $3,600,000 Active Search
8/11/2022 Project Sing Precision Machining New Construction 400,000 sq. ft.0 500 $90,000,000 Active Search
11/9/2022 Project Tea Mfg New Construction 25,000 sq. ft.55 20 $5,800,000 Active Search
4/20/2023 Project Lodge DH1 Lodging-Service New Construction ???$9,500,000 to
$12,500,000
Active Search
5/30/2023 Project Flower-M
& M
Commercial Concept Expansion ????Concept
6/9/2023 Project Pez Mfg New Construction 6,000 to 8,500 sq. ft.12 2 $1.300,000 Active Search
8/16/2023 Project Lodge RT4 Lodging-Hopsitality New Construction 98 Room Hotel N/A 30 $19,500,000 Identified Site
9/19/2023 Project Panda #4
SZ
Childcare Facility New Construction ?N/A ?$2,000,000 +/-Active Search
1/17/2024 Project Tex Industrial New Construction 500,000 sq. ft.0 100 $500,000,000 Active Search
1/17/2024 Project G Industrial New Construction 1,000,000 sq. ft.0 ?$120,000,000 Focused Search
PROSPECT LIST 04/04/2025
Date of
Contact
Company Name Business Category Project Description Building‐Facility Retained Jobs New Jobs Total Investment Project Status
PROSPECT LIST 04/04/2025
2/12/2024 Project Lodge-
MSMWDC
Lodging-Hospitality New Construction ?0 10 $12,000,000 Identified Site
3/5/2024 Project Panda 20-
MS
Child Care Facility New Construction 25,000 sq. ft. 0 20 $5,500,000 Active Search
3/29/2024 Project ET-BB-12-9 Industrial Relocate ‐ Existing Bldg 12,000 sq. ft.12 $1,150,000 Identified Site
4/12/2024 Project Rest B52 Restaurant New build out‐Finish 5,000 sq. ft. +/-0 15 1500000 +/-Identified Site
5/30/2024 Project EP-BDDC
LACW
Data Center New Construction ??????Identified Site
5/31/2024 Project DC2-NWG-GB Data Center New Construction ??0 40 ??Active Search
7/3/2024 Project Hair Obsess Service Property Acquisition and
Renovation
2,100 sq. ft.14 6 $600,000 Identified Site
7/30/2024 Project EPG 40x2-50 Industrial New Construction 40,000 sq. ft. 0 40 $4,000,000 Active Search
12/3/2024 Project LEI Pack Industrial New Construction 52,500 sq. ft. 0 21 $16,500,000 Active Search
2/5/2025 Project Nordic Resturant-Taphouse Relocate ‐ Remodel‐4,300 sq. ft. 9 1 $1,090,000 Identified Site
Contacts: M
= 04 YTD =
05