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IEDC Agenda - 09/03/2025AGENDA INDUSTRIAL & ECONOMIC DEVELOPMENT COMMITTEE (IEDC) Wednesday, September 3, 2025 7:00 a.m. at Monticello Community Center Members: Chairperson Jarred Merchant, Vice Chairperson Mike Huey, City Council Member Charlotte Gabler, Luke Dahlheimer, Aaron Holthaus, Liz Kokesh, Sarah Kortmansky, Sonja McElroy, Eric Olson, Joni Pawelk, Cory Ritter, Rob Stark, Darek Vetsch, Andrew Tapper, Tony Velishek, Shawn Hafen, Greg Schultz, Joe Elam Liaisons: City Administrator Rachel Leonard, Tyler Bevier, Missy Meidinger, Deb Meyer, Anne Mueller, Angela Schumann, Jim Thares, Dave Tombers, Tim Zipoy 1.General Business A.Call to Order B.Roll Call C.Approval of August 5, 2025, Regular Meeting Minutes D.Consideration of Additional Agenda Items 2.Regular Agenda A.Table Topic #1 – Development Prospects and Project Pre-Design Process Overview Presentation – Jim Thares B.Table Topic #2 – Data Center Development Proposal Updates – Rachel Leonard C.2025 Manufacturers Breakfast Event (Oct 10, 2025) Planning and Information Update 3.Liaison Updates A.Wright County Economic Development Partnership (WCEDP) B.Chamber of Commerce C.Economic Development •Sales Tax Collections Update Actual-Projections •BR&E Visits Update •Meadowbrook Residential Subdivision Update •Project Update •Prospect List •September 2, 2025, Planning Commission Agenda D.City Council Update 4.Special IEDC Meeting Request Consideration – Eric Olson, Superintendent, Monticello Public Schools (Tuesday, October 7, 2025) 5.Next Regular Meeting Reminder – Date: Wednesday, November 5, 2025 6.Adjournment (8:15 a.m.) MINUTES INDUSTRIAL & ECONOMIC DEVELOPMENT COMMITTEE (IEDC) Tuesday, August 5, 2025 7:00 a.m. at Monticello Community Center Members Present: Luke Dahlheimer, Charlotte Gabler, Joe Elam, Sarah Kortmansky, Liz Kokesh, Sonja McElroy, Rob Stark, Andrew Tapper, Tony Velishek, Darek Vetsch Members Absent: Sean Hafen, Aaron Holthaus, Eric Olson, Joni Pawelk, Cory Ritter, Greg Schultz City Staff-Liaisons: Economic Development Manager Jim Thares, City Administrator Rachel Leonard, Tyler Bevier, Deb Meyer, Missy Meidinger, Anne Mueller Liaisons Absent: Dave Tombers, Tim Zipoy 1.General Business A.Call to Order Chair for the day, Rob Stark, called the regular meeting of the Monticello Industrial Economic Development Committee (IEDC) to order at 7:00 a.m. B.Roll Call Roll call was not taken at the meeting. C.Approval of Minutes DAREK VETSCH MOVED TO APPROVE THE JUNE 3, 2025, REGULAR MEETING MINUTES. TONY VELISHEK SECONDED MOTION. MOTION CARRIED UNANIMOUSLY. D.Consideration of Additional Agenda Items None. 2.Regular Agenda A.Table Topic – 2025 Legislative Update – Darielle Dannen, Flaherty & Hood, P.A. Senior Attorney and Lobbyist Darielle Dannen of law firm Flaherty & Hood, P.A. introduced herself via Teams video to the IEDC. Ms. Dannen shared her background and a presentation on legislative session updates regarding the 2025 bonding bill and the complications that arose through the session and at its conclusion. Ms. Dannen noted the “Drive for Five” training program established in 2023 and an RFP coming out soon from MN DEED as means to offset housing costs for smaller communities to take effect October 2025 and running through Spring 2026. Ms. Dannen also talked about the moderate data center tax credit and the legislature’s efforts to bring future budget deficits down through various program funding cuts as well as the smaller 2025 bonding bill. In addition, the DR A F T IEDC Meeting Minutes – 08/05/2025 legislature may face additional challenges related to the recently enacted Federal budget bill that will reduce funding flow to the State for Medicaid assistance and family support programs. Darek Vetsch, Wright County Commissioner, noted the potential reduction towards State project demonstration grants. Economic Development Manager Jim Thares pointed out how the House and Senate disagree on items throughout the “skinny” bill; no changes to the TIF statutes were approved. He also asked if the Statewide Housing Aid funding got approved for another disbursement to local government units. Ms. Dannen indicated that it the legislature did approve another round of funding for the housing aid program. Jim also noted the process to establish a local housing trust fund, due to strict legislative rules and the challenges and complications to stack and allocate beneficial funding toward the Trust Fund. NO ACTION WAS TAKEN ON THE AGENDA ITEM. B.CGMC Summer Conference - Legislative Overview – Reviewed by City Staff Economic Development Manager Jim Thares spoke to the conference held by the Coalition of Greater Minnesota Cities (CGMC) and the various current legislative issues and initiatives. NO ACTION WAS TAKEN ON THE AGENDA ITEM. C.2025 Manufacturers Breakfast Event (Oct 10, 2025) Planning and Information Update Economic Development Manager Jim Thares mentioned the upcoming Manufacturers Breakfast Event for Friday, October 10 taking place in the Mississippi Room of the Monticello Community Center. Mr. Thares and staff are working to secure King Banaian, Finance Professor from Saint Cloud State University, to speak at the event and may pursue a panel of guest speakers for engaging context. Many IEDC members expressed interest in having Mr. Banaian come back to speak after a three-year hiatus. NO ACTION WAS TAKEN ON THE AGENDA ITEM. 3.Liaison Updates A.Wright County Economic Development Partnership (WCEDP) WCEDP Executive Director Missy Meidinger provided an overview of recent events and highlighted the upcoming Joint Wright County and Sherburne County Enterprise Academy entrepreneurial training opportunities. The 12 weekly sessions will kick off on September 11, 2025, and conclude on December 4, 2025. All sessions will be held at the City of Monticello Community Center. He encouraged members to spread the word on this entrepreneurship training program. B.Chamber of Commerce Deb Meyer, Monticello Chamber of Commerce Executive Director, provided a DR A F T IEDC Meeting Minutes – 08/05/2025 brief overview of recent and upcoming Chamber events. C.Economic Development Mr. Thares presented updates on the following economic development activities. • Building Permit Update – Qtr. #2 • Sales Tax Collections Update – Qtr. #2 • BR&E Visits Update • Project Update • Prospect List • August 5, 2025, Planning Commission Agenda Mr. Thares pointed out the lower numbers of permits in the reports and noted that higher interest rates are making it a challenge. He further noted the incorporation of new enacted sales tax receipts which was approved in the fall of 2024 and has just started to be collected. Andrew Tapper asked how he was able to gauge projections. Mr. Thares spoke to the $15 million 10-year study at the University of Minnesota –more details will be shared at the next IEDC meeting. Mr. Thares reported on the Business Retention and Expansion (BR&E) visits attended by some IEDC members and Economic Development Authority (EDA) commissioners; the feedback received from other downtown business owners and various downtown activities including the TH25 construction completion, Block 52, and Nordic TapHouse opening the new location downtown. He also previewed the two loan pre-applications which are to be discussed at the next EDA workshop meeting. And finally, he reviewed the development prospect list. Luke Dahlheimer asked of the status of the Meadowbrook project. Jim Thares spoke to the developer’s passing and a recent news article reporting on other communities and projects left with a series of workmanship and poorly completed issues. Staff can send out a recent Star Tribune article to the IEDC members later. D.City Council Update City Councilmember Charlotte Gabbler provided an update of the recent City Council activities, including continuing construction and infrastructure projects. Andrew Tapper also pointed out as serving as the Planning Commission Chairperson and having attended, a recent MN-TH #25 Improvements Proposal Open House held on August 4 by MN-DOT and shared that it was focused on strategic possibilities for alternatives to congestion, address safety, and mobility. Several concepts were available for review and comment at the open house DR A F T IEDC Meeting Minutes – 08/05/2025 session. 4. Next Meeting Reminder – Date: Wednesday, September 3, 2025 5. Adjournment Meeting was adjourned by consensus at 8:17 a.m. Recorder: Anne Mueller ___ Approved: June 3, 2025 Attest _____________________________________ Jim Thares, Economic Development Manager DR A F T Industrial Economic Development Agenda: 9/3/2025 2A. Table Topic – Development Prospects and Project Pre-Design Process Overview Prepared by: Administrative Assistant Meeting Date: 9/3/2025 ☒ Regular Agenda Item Reviewed by: N/A Approved by: Community Development Director REFERENCE AND BACKGROUND City staff will provide an overview of the Prospects and Project Pre-Design Process that is used by staff to guide development proposals and offer support regarding zoning and density standards, outdoor storage, land entitlement steps, site drainage requirements and financial support. The overview will provide nuanced information about some of the current prospects in relation to the Pre-Design steps as well. Materials used in the Pre-Design meetings are attached to this report. SUPPORTING DATA: A. Pre-Design Template B. City Development Services Survey 1 | Page CITY OF MONTICELLO COMMUNITY DEVELOPMENT DEPARTMENT 505 Walnut Street, Suite 1 Monticello, MN 55362 Phone: (763) 295-2711 Fax: (763) 295-4404 PRE-DESIGN MEETING ______________________________________________________________ Date: Planning Case Number (Staff Only): Project Name: Meeting Attendees: Contact/Developer/Property Owner: Contact Information: Email Phone Property Location/Address PID: 1. Tell us about your project a. What is your business/project idea? b. What is an ideal timeline for project to start? Open for business? 2 | Page 2. Land Use Information Contact: Angela Schumann, Community Development Director – City of Monticello 763-271-3224/ Angela.Schumann@MonticelloMN.Gov Tyler Bevier, Community & Economic Development Coordinator 763-271-3206/ Tyler.Bevier@MonticelloMN.Gov Steve Grittman, City Planner SteveG@grittmanconsulting.com a. Comprehensive Plan Land Use Designation: Regional Commercial b. Zoning Classification: B-4: Regional Business c. Parks/Trailways: d. Environmental Considerations/Overlays: e. Wetlands/Ponds: Delineation Required/Complete/Not Applicable f. Related District/Use/Finishing Standards: Area & Building Size Regulations: Building Design Standards: Off Street Parking/Loading Requirements: Signage: Landscaping: Lighting Standards: Other Accessory Uses: Yard Requirements: Tree Protection Ordinance : 3. Roads and Road Access Contact: Matthew Leonard, City Engineer/Public Works Director} 763-271-3271/ Matthew.Leonard@MonticelloMN.gov Ryan Melhouse, Project Engineer 763-271-3227/ Ryan.Melhouse@MonticelloMN.gov 3 | Page a. Adjacent: State Aid Review/MnDOT Review/Wright County Review b. Internal Roads/Drives: c. Sidewalks/Pathways: 4. Utility Systems Contact: Same as above. a. Sanitary Sewer: b. Water: c. Storm Water: d. Easements: e. Wellhead Protection: 5. Planning Review Process Contact: Same as Land Use Information a. Application Type(s) Required: Please note that complete, accurate application plan sets meeting City ordinances and design requirements are critical to a project moving forward efficiently. b. Planning Process: Depending on the nature of the application, any of the following bodies may be involved in the planning process. • Economic Development Authority • Parks, Arts, and Recreation Commission • Planning Commission • City Council With the exception of variances, all planning applications require final approval by the City Council. No development (grading, building, signage) may occur without approved plans and permit. c. Outside Agency Review Other agencies may be involved in the review of formal applications. A review by Wright County is REQUIRED for all final plats prior to preparation of mylars. 4 | Page 6. Finance Considerations Contact: Jim Thares, Economic Development Manager – City of Monticello 763-271-3254/ Jim.Thares@MonticelloMN.gov a. Application Fees & Deposits: See application, fee schedule. b. Development Related Fees, Charges and Securities: See fee schedule, template finance plan, and procedure for reduction/release. c. Potential Assessments/Existing Special Assessments: Legal description is required for all applications. Legal description will be used for a special assessment search. 7. Building Permits and Fire Code Please note: Each new plan set submittal is charged against the escrow for both internal and external consultant review. Contact: Bob Ferguson, Chief Building Official – City of Monticello 763-271-3214/ Bob.Ferguson@MonticelloMN.gov The City of Monticello strives to provide excellent service to citizen customers and the development community. Please help us reach this goal by taking a few minutes to tell us about your experience with the planning and development experience in Monticello. This information will be used by the Community Development Department to help us serve you better. 1. Select the role that best describes your involvement in the development or land use application process in Monticello. Land Developer Commercial Building Contractor or Project Manager Home Builder Realtor Developer's Engineer Architect Local Business Property Owner Other (please specify) Please add any comments: 2. At the beginning of the development or land use process in Monticello, did our staff provide you with adequate information about the design standards and review process? Yes No Please add any comments: 3. Throughout the land use or development process, did you receive the assistance and communication you needed to keep your project moving forward to completion? Yes No Excellent Satisfactory Improvement Requested N/A Helpfulness & Cooperation Creative Problem Solving Thoroughness of Review Staff Availability for Assistance 4. Help us define service enhancement areas that will help you the most. Please check the box that best reflects your experience with the service areas. Staff Professionalism Consistent Application of Regulations Use of Technology Clarity of Land Use Application Materials Clarity of Building Permit Application Materials Clarity of Economic Development Application Materials Clarity of Process Requirements & Timelines Timeliness of Planning Review Timeliness of Engineering Review Timeliness of Building Review Timeliness of Economic Development Review Timeliness of Building Inspections For areas rated Improvement Requested, please explain, make suggestions, cite examples, etc What are your overall views of Monticello based on the following statements: Please add any comments: 5. Monticello staff worked proactively with me as a partner to define and overcome development or land use problems or issues. Yes No Please add any comments: 6. The plan review and/or construction process I experienced encourages me to invest in future projects in Monticello. Yes No Please add any comments: 7. I would recommend Monticello to other builders/developers. Yes No 8. If Monticello could improve one or two aspects of its planning/development/land use review process, what would you recommend? 9. Please share any other comments or suggestions in the space below. THANK YOU FOR COMPLETING THIS SURVEY. Your feedback will help us improve our service. Industrial Economic Development Agenda: 9/3/2025 2B. Table Topic – Data Center Development Proposals Update Prepared by: Administrative Assistant Meeting Date: 9/3/2025 ☒ Regular Agenda Item Reviewed by: N/A Approved by: Community Development Director REFERENCE AND BACKGROUND City staff will provide the IEDC with an update related to the two data center development proposals. The information will cover the AUAR, which is equivalent to an environmental assessment as well as the status and contents of the proposed Data Center Ordinance. SUPPORTING DATA: A. Arial Photo Scannell Development Data Center Site B. Scannell Development Data Center Concept Proposal C. Frattalone Development Monti Tech Center Site Concept Tech & Data Ctr Use in Lt Industrial, Mixed Neighborhood, Commercial & Estate Residential PID: 213100161101, 213100094400, 213100103300, 213100152205 Legal: Lengthy Created by: City of Monticello 725 ft 800' 40 0 ' DETENTION wetlands DETENTION 800' 40 0 ' 800' 40 0 ' 800' 40 0 ' DETENTION ED M O N S O N A V E N E 85TH ST NE HIG H W A Y 2 5 EXISTING WETLANDS EXISTING WETLAND AND ENVIRONMENTALLY SENSITIVE AREA (TO BE PROTECTED) LIGHT INDUSTRIAL PARK (PER 2040 MONTICELLO COMP PLAN) ±294 AC TOTAL SITE AREA ±547 AC DEVELOPMENT RESERVE (PER 2040 MONTICELLO COMP PLAN) ±253 AC POTENTIAL SITE ACCESS LOCATION CITY UTILITIES TO BE EXTENDED FROM FALLON AVE / CHELSEA RD PROPOSED GREENWAY CORRIDOR (PER 2040 MONTICELLO COMP PLAN) NORTH SHEET NO. DRAWN BY: DATE: MONTICELLO INDUSTRIAL PARK PREPARED FOR: FRATTALONE DEVELOPMENT MOB 11/04/2024 EX-1 IEDC Agenda 09/03/25 3C. Economic Development Updates Prepared by: Economic Development Director Meeting Date: 9/3/2025 ☒Liaison Updates Reviewed by: N/A Approved by: N/A REFERENCE AND BACKGROUND The Economic Development Update includes an overview of various information by Jim Thares, Economic Development Manager. IEDC members are encouraged to ask questions as so inclined. Attachments include the Sales Tax Collections Update and projection comparison information (the sales tax records are always a one month lag; as a reminder, the tax collections began April 1, 2025; funds were voter approved to support capital investments at the Bertram Chain of Lake Regional Park recreational facilities), BR&E visits updates, Project Updates and Projects-Prospects List, the article about . The Planning Commission Workshop and Regular Meeting Agendas for the September 3, 2025, meeting are also included. A.Sales Tax Collections Report B.Sales Tax Projections Information C.BR&E Visits Updates D.Meadowbrook residential subdivision update E.Project Updates F.Prospect List G.Planning Commission Mtg Agendas (Workshop and Regular Mtgs.) – September 3, 2025 SALES TAX RECEIPTS Payment Date Revenue Month Gross Revenue Amount Start-up Costs (One-time only) Miscellaneous Deduction or Addition (See notes below) Administrative Cost Net Amount Paid 9/10/2024 July - 10/10/2024 August - 11/8/2024 September - 12/10/2024 October - 1/10/2025 November - 2/10/2025 December - 3/10/2025 January - 4/10/2025 February - 5/9/2025 March - 6/10/2025 April - 7/10/2025 May 175,249.36 (16,116.45) (1,577.24) 157,555.67 8/8/2025 June 204,919.19$ (1,844.27)$ 203,074.92 TOTAL 380,168.55 (16,116.45) - (3,421.51) 360,630.59 Please note: This report contains current fiscal year information only. City of Monticello 8/29/2025 © 2012 Regents of the University of Minnesota. All rights reserved. Monticello LOST Analysis ERIC KING EXTENSION EDUCATOR UNIVERSITY OF MINNESOTA © 2012 Regents of the University of Minnesota. All rights reserved. Data Method Highlights © 2012 Regents of the University of Minnesota. All rights reserved. Potential Sales vs. Actual Sales Defensible numbers •Err on side of conservatively estimating non-residents Traffic pattern assumptions © 2012 Regents of the University of Minnesota. All rights reserved. POTENTIAL SALES Calculated using: Per capita sales in MN Population of Monticello Index of Income How are you doing? Compare Actual vs. Potential Identify opportunities or gaps © 2012 Regents of the University of Minnesota. All rights reserved. Context: On the map © 2012 Regents of the University of Minnesota. All rights reserved. 2020 DATA FROM MN REVENUE –$172 million (2011) to $306 million (2020) $- $50.00 $100.00 $150.00 $200.00 $250.00 $300.00 $350.00 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Total Taxable Sales © 2012 Regents of the University of Minnesota. All rights reserved. -41%-37% -30%-25%-23% -9%-5%0% 8%11%14%16% 23% 44%46% -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% 60% Change in Sales from 2019 to 2020 © 2012 Regents of the University of Minnesota. All rights reserved. +234.2% -22.2% -11.1% +236.0% +45.1% +66.8% +110.9% +118.5% -91.8% +543.9% +165.1% -28.3% -35.5% +149.2% +66.0% -47.8% +134.4% -200%-100%0%100%200%300%400%500%600% Vehicles & Parts Furniture Stores Electronics Building Materials Food, Groceries Health, Personal Stores Gas/Convenience Stores Clothing Leisure Goods General Merchandise Stores Miscellaneous Retail Amusement & Recreation Accommodations Eating & Drinking Places Repair, Maintenance Personal Services, Laundry Total Taxable Retail & Service* Percentage Above or Below Expected Sales, 2020 © 2012 Regents of the University of Minnesota. All rights reserved. HIGHLIGHTS Major categories Building Materials General Merchandise Eating and Drinking Places $1,400,000 tax proceeds (2020) $30.41 per resident 31.4% Monticello vs. 68.6% Non-residents © 2012 Regents of the University of Minnesota. All rights reserved. $- $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Values Forecast Lower Confidence Bound Upper Confidence Bound © 2012 Regents of the University of Minnesota. All rights reserved. Thank You Eric King Extension Educator kingx953@umn.edu 612-310-7952 WILLOWS LANDING DATE OI VISITي?,?67NQENLNP  ABOUT TRE BUSINESS Willows Landing is a senior living facility that provides a continuum of care from independent living to assisted living to memory care services. WRAT WE LEARNED With 92 units in total, Willows Landing reported having one of the highest occupancy rates to date, with over 94% occupancy, leaving only five units available. The facility offers a mix of 2-bedroom, 1-bedroom, and studio units, with remaining vacancies being studios. There is a waiting list for the 14-bed memory care unit, both internally and externally. Future expansion plans may include additional memory care units on the ground level. Amenities include meal plans for three daily meals, Wi-Fi, cable TV, housekeeping, and laundry services. Transportation is provided for appointments within a 5- mile radius and scenic tour outings for residents. Willows Landing employs 67 staff members in nursing, dining, events, maintenance, and administrative roles. BUSINESS RETENTION & EXPANSION VISIT MN developer left a trail of complaints over shoddy construction https://www.startribune.com/mark-elliot-homes-development-complaints/601367904 Harmony Villas in Rosemount is one of Mark Pasvogel's developments. Buyers there say they faced long construction delays and damage including faulty drainage, cracked concrete and maintenance problems. “No one’s been held accountable,” said one homeowner. IEDC Agenda: 9/03/25 1 3C. Project Update Big River Commercial Development - Chelsea Road: A Les Schwab Tire Center (15,136 sq. ft.) now under construction is progressing. It is in the Big River Commercial Development near the Chipotle Restaurant along Chelsea Road. Valvoline Oil is expected to start construction of its 2,673 sq. ft. fast oil change outlet soon. The Big River Development has numerous pad ready sites in the 10-acre development project. Fairfield By Marriott Hotel: Construction of the 98-room hotel development project is progressing. The four-story hotel walls are currently being framed with wall sheeting be applied. The Boulder Tap House Restaurant will be an attached facility and is expected to be completed in late 2025. The hotel will be opening in late June 2026. The hotel will also have small conference rooms to accommodate meetings and events in its facilities. The cost of the entire project is approximately $21,500,000. A total of 45 to 50 jobs will be created through this development. The City and County both provided financial assistance through Tax Abatement. This was the City’s first use of this financial assistance tool in support of a non-infrastructure development project. The combined assistance from the City and County will total $742,655 over a 10-year time frame. Nordic Tap House and Restaurant: Nordic Tap House relocation-and-renovation project is completed. The façade improvements to the building were funded through the EDA’s Façade Improvement Forgivable Loan Program. EDA total Façade Loan approved by the EDA was $111,000. Discount Tire: A proposed Discount Tire sales and service store is working its way through the final review and permitting steps. This facility is proposed for a 2.04-acre parcel located at 1300 7th Street East. Wendy’s Restaurant: The Wendys developer, HAZY, is seeking to extend its entitlements performance timeline to allow it to start construction of the restaurant in the spring of 2026. The location of the proposed 2,300 sq. ft. restaurant development is at 261 Highland Way near Home Depot. IEDC Agenda: 9/03/25 2 Minnesota Sports Cards - Retail: Plan submittals are being reviewed by the PC for a sports card retail and trading store. Minnesota Sports Cards proposes constructing a 4,409 sq. ft. building on a 1.09-acre site located just east of the former McDonald’s fast food restaurant (located along the freeway in front of Home Depot). Recently Completed Multi-Family Rental Development Updates:  Savanna Vista MF Apartment Lease Up = 177 out of 200 now leased (11.5 percent vacancy) – first phase open 12 months; 2nd phase opened in November 2024 (two buildings at 100 units each)  Block 52 MF Apartment Lease Up = 100 percent occupied (87 units) – open 21 months ago  CHC Twin homes – Phase 1 Lease Up = 56 out of 60 units now leased – opened February 2024 (21 months). 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 27,000 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 #2 Technology Service New Construction 42,000 sq. ft.40 $3,600,000 On Hold 8/11/2022 Project Sing Precision Machining New Construction 400,000 sq. ft.0 500 $90,000,000 Active Search 5/30/2023 Project Flower-M & M Commercial Concept Expansion ????Concept 6/9/2023 Project Pez Mfg New Construction 30,000 to 35,000 sq. ft. 12 7 $3,900,000 Active Search 8/16/2023 Project Lodge RT4 Lodging-Hopsitality New Construction 98 Room Hotel N/A 30 $21,500,000 Under Constr 2/12/2024 Project Lodge- MSMWDC Lodging-Hospitality New Construction ?0 10 $22,500,000 Identified Site 3/5/2024 Project Panda 20- MS Child Care Facility New Construction 27,100 sq. ft. 0 43 $5,500,000 Site Selected 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 7,000 sq. ft. +/-0 25 $2,300,000 Identified Site 5/30/2024 Project EP-BDDC LACW Data Center - Hyper Scale New Construction 2,150,000 sq. ft. +/- 0 190 $3,000,000,000 Identified Site 7/30/2024 Project EPG 40x2-50 Industrial New Construction 40,000 sq. ft. 0 40 $4,000,000 Active Search 9/2/2024 Project Scannell Data Ctr Data Center Enterprise New Construction 1,200,000 sq. ft. +/- 0 135 $2,000,000,000 Identified Site 12/3/2024 Project LEI Pack Industrial New Construction 52,500 sq. ft. 0 21 $16,500,000 Active Search 1/14/2025 Project Megawatt Industrial New Construction 650,000 to 1,300,000 sq. ft. 0 592 $757,000,000 Active Search 2/5/2025 Project Nordic Resturant-Taphouse Relocate - Remodel-4,300 sq. ft. 9 1 $1,090,000 Identified Site 4/15/2025 Project BB Food Service-Retail Renovation 6,000 sq. ft. 0 25 $2,500,000 Identifed Site 5/19/2025 Project 7030-B-O Industrial New Construction 70,000 sq. ft.0 30 $7,300,000 Site Search 6/11/2025 Project Black Sabil Industrial New Construction 1,000,000 sq. ft.8000 $960,000,000 Active Search 7/19/2025 MC Outdoors Industrial Service New Construction 8,200 sq. ft.0 14 $1,500,000 Site Selected 7/25/2025 Project BOM Service Retail Acquisition-Renovation 3,000 sq. ft 0 6 $550,000 Site Selected Contacts: M = 05 YTD = 22 PROSPECT LIST 08/28/2025