EDA Agenda - 09/10/2025 (Workshop)AGENDA
WORKSHOP - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, September 10, 2025 – 4:45 p.m.
Academy Room, Monticello Community Center
Commissioners: President Steve Johnson, Vice President Jon Morphew, Treasurer Hali Sittig,
Rick Barger, Clinton Berglof, Councilmember Tracy Hinz, Mayor Lloyd Hilgart
Staff: Executive Director Jim Thares, Rachel Leonard, Angela Schumann, Tyler
Bevier, Anne Mueller, Sarah Rathlisberger
1. Call to order
2. Roll Call
3. Business Subsidy Pre-Application and Application Process - Review Discussion
4. Façade Improvement Forgivable Loan Program Application Review – Krautbauer-
Stellar Property – 124 West Broadway
5. Façade Improvement Forgivable Loan Program Application Review – Sperr
Properties, LLC – Cornerstone Café 154 West Broadway
6. Marketing Plan IMCP Strategies Update
7. Rustech Brewing – Equipment Status Update
8. Adjournment
OFFICE: 763-295-2711 FAX: 763-295-4404
505 Walnut Street Suite 1 Monticello, MN 55362
MEMORANDUM
To: City of Monticello Economic Development Authority
From: Jim Thares, Economic Development Manager
Date: 09/10/2025
Subject: Business Subsidy Applications
Introduction:
The Economic Development Authority has three applications related to business subsidy
programs, the GMEF Loan Program, SCDP Loan Program and the Façade Improvement
Forgivable Loan Program. Staff would like EDA feedback on the review steps for these
programs. Generally, the Pre-Application (initial vetting) is now occurring in the EDA Workshop
meetings. The goal is to be effective in discovery of necessary borrower information in these
meetings to allow the EDA to make good decisions and proceed to a formal decision point in a
regular meeting and/or to offer feedback or determine a “not interested” status. General EDA
feedback will be helpful to format the process going forward. A couple of specific questions are
noted below as well.
Application Types:
The downtown façade loan application walks through a two-step process. An applicant
• Downtown Façade Loan Application
o Two-step process
Step One: Workshop with EDA on the concept, initial quotes and
timelines, if board concurs with the concept, moves to public hearing
meeting for Step Two
Step Two: Quotes finalized, loan agreements drafted, televised public
hearing review
• Preliminary Application
o Concept meeting of the applicant.
o Should the applicant proceed to the formal application review with in-depth
review?
• Formal Application
o Televised public hearing with the applicant
o In-depth financial review with EDA financial consultant
Application Review:
• Are there any questions you would like to add to the façade, preliminary or formal
application review process for applicants to consider and come prepared to ask?
Attachments:
A. Downtown Façade loan application
B. Preliminary Application
C. Formal Application
1
CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
BUSINESS SUBSIDY APPLICATION
BUSINESS ASSISTANCE FINANCING
Legal name of applicant:
Address:
Telephone number:
Name of contact person:
REQUESTED INFORMATION
Addendum shall be attached hereto addressing in detail the following:
1. A map showing the exact boundaries of proposed development.
2.Give a general description of the project including size and location of building(s); business
type or use; traffic information including parking, projected vehicle counts and traffic flow;
timing of the project; estimated market value following completion.
3.The existing Comprehensive Guide Plan Land Use designation and zoning of the property.
Include a statement as to how the proposed development will conform to the land use
designation and how the property will be zoned.
4.A statement identifying how the increment assistance will be used and why it is necessary to
undertake the project.
5.A statement identifying the public benefits of the proposal including estimated increase in
property valuation, new jobs to be created, hourly wages and other community assets.
6. A written description of the developer’s business, principals, history and past projects
I understand that the application fee will be used for EDA staff and consultant costs and may be partially
refundable if the request for assistance is withdrawn. Refunds will be made at the discretion of the EDA
Board and be based on the costs incurred by the EDA prior to withdraw of the request for assistance. If
the initial application fee is insufficient, I will be responsible for additional deposits.
SIGNATURE
Applicant's signature:
Date:
2
CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
Application for Business Assistance Financing
GENERAL INFORMATION:
Business Name: Date:
Address:
Type (Partnership, etc.):
Authorized Representative: Phone:
Description of Business:
Legal Counsel:
Address: Phone:
FINANCIAL BACKGROUND:
1.Have you ever filed for bankruptcy?
2.Have you ever defaulted on any loan
commitment?
3.Have you applied for conventional
financing for the project?
4. List financial references:
a.
b.
c.
Financial Assistance Seeking GMEF TIF SCDP Downtown
Facade
Tax
Abatement
3
5. Have you ever used Business Assistance Financing before?
If yes, what, where and when?
PROJECT INFORMATION:
1. Location of Proposed Project:
2. Amount of Business Assistance requested?
3.Need for Business Assistance:
4. Present ownership of site:
5.Number of permanent jobs created as a result of project?
6.Estimated annual sales:Present: Future:
7. Market value of project following completion:
8.Anticipated start date:Completion Date:
FINANCIAL INFORMATION:
1.Estimated project related costs:
a. Land acquisition $
b. Site development
c. Building cost
d. Equipment
e.Architectural/engineering fee
f.Legal fees
g. Off-site development costs
4
2. Source of financing:
a. Private financing institution $
b. Tax increment funds
c. Other public funds
d. Developer equity
5
PLEASE INCLUDE:
1. Preliminary financial commitment from bank.
2. Plans and drawing of project.
3. Background material of company.
4. Pro Forma analysis.
5. Financial statements.
6. Statement of property ownership or control.
7. Payment of application fee of $250.00
Date ________________ Signature____________________________________
Please Note: All information provided on this application is made public
Contact Information
Applicant: _________________________________
Firm Or Trade Name: ______________________________________
City/State: ______________________________________
Telephone: (Bus.) ___________________
E-Mail: __________________________________________
Business Information
Type Of Business: ___ Sole Proprietorship ___Corporation ___Partnership Start Up
Type Of Project: ___ Manufacturing Commercial Residential
Type Of Project: ___ New Business ___ Relocation ____ Expansion
Financial Assistance Seeking: ___ GMEF ___ TIF ___ Façade ___ Tax Abatement SCDP
History of Your Business _________________________________________________________
_____________________________________________________________________________
Development Plans
Total Sq. Ft. of Building _______________ Own Lease
Estimated Sq Ft Cost of Construction _____________________
Estimated Land Acreage _____________________
Describe Your Project (Products, Processes, Employment Types, Location(s), Customers,
Markets & Any other information to help us understand the nature of your business)
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
Attach Any Images or Plans That May Help Explain Your Project
Financial Information
Anticipated Lender ____________________________________________________
Anticipated Contractor _________________________________________________
Anticipated Amount of Financial Request from EDA _________________________
Anticipated Schedule__________________________________________________
Job And Wage Level Creation
For Monticello Location Only: Created & Filled FTE within Two Years
# of Jobs ____________
Average Wages Per Employee_____________________
1 | P a g e
1.CONTACT INFORMATION
Legal Name of Business: _________________________________________________________
Project Site Address: ____________________________________________________________
City / State / Zip: _______________________________________________________________
Contact Person(s): ______________________________________________________________
Business Phone: ____________________________ Email: ____________________________
Home Phone: _____________________________
Check One: Proprietor Corporation Partnership
Federal ID # ___________________________State ID # _____________________________
Legal Name of Property Owner: __________________________________________________
Project Site Address: ____________________________________________________________
City / State / Zip: _______________________________________________________________
Contact Person(s): _______________________________________________________________
Business Phone: ____________________________ Email: _____________________________
2.PROJECT GOALS
Please give a brief summary of the project:
MONTICELLO EDA
DOWNTOWN FACADE IMPROVEMENT
FORGIVABLE LOAN PROGRAM
APPLICATION
2 | P a g e
Please describe how the proposed project will positively impact the city’s
downtown/Central Community District:]
3.PROJECT FUNDING
A.FORGIVABLE LOAN USE FUNDING REQUEST
Maximum grant amount of $50,000
$ ________________
$ ________________
$ ________________
$ _________________
$ _________________
$ _________________
$ _________________
$ _________________
Façade Improvements
Frontage Improvements
(Signage, awnings, permanent landscaping)
Total Loan Request:
B. OTHER PROPOSED FUNDING SOURCES
Bank Loan
Private Fund Commitment (5% required)
Applicant Commitment
Other
Total Other Funding Sources
PROJECT TOTAL: $ _________________
4.PROJECT CONTACTS (Lenders, private funding source, partners, etc...)
3 | P a g e
Name ________________________________________________________________________
Address ______________________________________________________________________
Phone/Email: __________________________________________________________________
Name ________________________________________________________________________
Address ______________________________________________________________________
Phone/Email: __________________________________________________________________
6.ATTACHMENTS CHECK LIST
Please attach the following:
_ ______ A) Letter of Commitment from the Other Sources of Financing, Stating
Terms and Conditions of their Participation in Project (if applicable)
_ ______ B) Project Plans (Architectural Rendering and Scope must be included)
_______ C) Project Quotes/Estimates
_______ D)Property Legal Description
7. AGREEMENT
I / We certify that all information provided in this application is true and correct to the best
of my/our knowledge. I / We authorize the Monticello EDA to verify financial and other
information. I / We agree to provide any additional information as may be requested by
the city.
The undersigned has received the EDA’s policy regarding the payment of costs of review,
understands that the EDA requires reimbursement of costs incurred in reviewing the
application, agrees to reimburse the EDA as required in the policy and make payment
when billed by the EDA, and agrees that the application may be denied for failure to
reimburse the EDA for costs as provided in the policy.
APPLICANT SIGNATURE _____________________________________________________
APPLICANT FAME (Print): _____________________________________________________
PROPERTY OWNER NAME (Print): _____________________________________________
PROPERTY OWNER SIGNATURE: ______________________________________________
DATE: ______________________________
The EDA is a governmental entity and as such must provide public access to public data it
receives. Data deemed by Applicant to be nonpublic data under State law should be so
designated or marked by Applicant. See Minnesota Statutes, Sections 13.591, Subd. 1 and
2.
MonticelloMN.gov
MEMORANDUM
To: City of Monticello Economic Development Authority
From: Jim Thares, Economic Development Manager
Date: 9/10/2025
Subject: Concept Review for Façade Loan Application | 124 W Broadway St
Introduction:
The City has received a complete Façade Improvement Forgivable Loan application from Stellar
Property Investments, LLC (Liquor Lounge), located at 124 W Broadway St
Angie Krautbauer, owner of Liquor Lounge, submitted improvement plans and quotes from
contractors related to a proposal consisting of exterior improvements, including:
• Stucco replacement
• Roof repairs
• Framing
• Soffit
Application Materials:
Materials submitted for EDA review of the proposal include the following:
A completed application with a summary of the proposal
Improvement project quotes (two quotes as required by the program policy were
submitted; the best desired quote consistent with policy is included in the packet. The
applicant has had difficulties securing two concrete bids per the policy. Staff have
included the rejection letters from concrete bids to satisfy the two bid requirements.
Materials that have not been submitted for EDA review of the proposal include the following:
Affidavit regarding owner financial commitment (equity)
Property and ownership information
Rendering of proposed improvements
MonticelloMN.gov
STAFF RECOMMENDATION
Staff recommend that the EDA move forward with the development of a Downtown Façade
Improvement Program Forgivable Loan for Angie Krautbauer in the amount of $50,000 to be
presented at the October 8, 2025, meeting. The EDA approved a $50,000 façade grant (before
it became a forgivable loan program) to Jill Agosto for improvements to her building’s front and
side improvements in 2020. Per the Policies, the EDA may authorize a Façade Loan in amount
between $5,000 to $50,000. In addition, funding can be approved for improvements to all of
some sides of a building. The EDA has previously approved funding in the amount of $100,000
for two proposals for corner buildings, one of which was the Murray’s Dance Studio located at
155 west Broadway.
Project Budget:
Façade Improvements - $145,521
o Stucco Replacement - $108,987.68 (staff recommend this task receive the façade funding)
o Demo & Framing - $26,729
o Soffit - $9,803.65
Roof Replacement - $12,567.82
Disposal – $5,500
Engineering - $2,000
Electrical - $3,500
Building Permit - $2,395.38 (Estimate by City staff)
Total Improvement Project Cost: $170,000
Stellar Property Investments, LLC is required to contribute a minimum 5% match which
totals $2,500. Stellar Property Investments, LLC has indicated they will meet this
requirement in cash payment to the contractor. Stellar Property Investments, LLC will be
required to make the initial payment, with proof of such payment to the EDA, prior to
release of EDA funds.
Budget Impact
The Façade Loan sub-fund currently has 21,409.47 available. The EDA should also keep in mind
that there is one additional active completed application, and two more anticipated façade
funding applications expected to be submitted in the coming weeks.
MonticelloMN.gov
Comprehensive Plan:
The Monticello 2040 Vision + Plan identifies the Downtown as a “development focus” area with
the intent of promoting investment and redevelopment of key properties and parcels in the
City’s core area.
By using its available tools such as the Façade Loan Program to assist in property investment,
the EDA is helping to facilitate the effort to realize Comprehensive Plan goal “A vibrant and
thriving Downtown that contributes to the City’s economic development and housing
objectives” (Chapter 5, 2040 Plan).
Attachments:
A. Façade Loan Application
B. Red Letter Bid
C. Vanguard Bid
D. Cunnigham Rendering
E. Historic Image
F. Beacon Report
G. Aerial Image
H. Downtown Façade Improvement Policy
Page 1 / 12
Date
Jun 30, 2025
#Item Qty Unit Unit Price Total
1 Building 210,596.10 210,596.10
1.1 Stucco Demo/EIFS Installation
The project involves the removal and disposal of existing stucco from
the designated areas of the building. The goal is to prepare the
substrate for the installation of new stucco or other exterior cladding.
All work will be completed in accordance with local codes, safety
standards, and manufacturer guidelines.
Work Items:
. Site Preparation:
Safety Setup:
Install safety barriers or warning signs around the work
area to prevent unauthorized access.
Ensure the presence of personal protective equipment
(PPE) for all workers (e.g., gloves, goggles, dust masks,
hard hats, etc.).
Protect Surrounding Areas:
Cover or protect adjacent windows, doors, landscaping,
or other non-demolition areas to prevent damage from
debris.
Lay down tarps or plastic sheets to collect debris and
dust during demolition.
. Stucco Removal:
Surface Inspection:
Inspect the stucco to identify areas that may be
deteriorated or easier to remove. This can inform whether
a more delicate approach is necessary.
Mechanical Demolition:
Use appropriate tools (e.g., hammers, chisels, power
tools, etc.) to remove the stucco layer from the
underlying structure.
Ensure the stucco is removed in manageable sections to
minimize the risk of injury and damage to the underlying
structure.
1 $134,761.90 $134,761.90
Krautbauer - eifs siding
Red Letter Renovation
125 Oak Ave N Suite 100
Annandale, Minnesota, 55302
License Number: BC807385
Tom Zarembski
+17635163340
Estimate
ES-10056
Bill To
Page 2 / 12
#Item Qty Unit Unit Price Total
Handling of Lath and Other Materials:
If the stucco is applied over a metal or wood lath, remove
and dispose of the lath material carefully.
If any wire mesh or reinforcing materials are part of the
stucco installation, they should be safely removed as well.
. Debris Removal and Disposal:
Collection of Debris:
Gather and bag or containerize all debris as it’s removed.
Proper Disposal:
Transport and dispose of all demolition debris in
compliance with local environmental regulations and
waste management protocols.
Cleaning the Work Area:
Sweep and clean all surfaces to ensure that no residual
debris remains on the building or surrounding areas.
. Substrate Evaluation:
Inspection of the Underlying Surface:
After stucco removal, assess the condition of the wall
surface (whether it’s concrete, wood, or masonry) for any
damage or necessary repairs.
Preliminary Repairs:
Perform minor repairs to the substrate if needed before
re-coating or installing new materials.
. Final Cleanup:
Site Restoration:
Ensure the entire work site is cleaned of all tools, debris,
and protective coverings.
Final Walkthrough:
Conduct a walkthrough with the client or project
manager to confirm that the demolition has been
completed to specifications.
Exclusions:
Repairs to Substrate: Any significant structural repairs to the
building substrate are not included unless specified separately.
Repainting or Resurfacing: Repainting or resurfacing the area after
the stucco is removed is not part of the scope unless specified.
Asbestos or Hazardous Material Removal: If hazardous materials
like asbestos are found behind the stucco, removal will require
additional measures and should be handled separately.
1. Pre-Installation Preparations
Site Assessment and Inspection:
Inspect the surface to which EIFS will be applied (e.g.,
concrete, masonry, wood framing).
Ensure the structure is sound, free from defects, and dry.
Verify that the surface is level and properly cleaned to support
the EIFS installation.
Material Procurement and Delivery:
Coordinate the delivery of all necessary materials, including
insulation boards, base coat, finish coat, reinforcing mesh,
fasteners, sealants, and trims.
Ensure materials are stored properly to prevent damage or
contamination before use.
Submittals and Approvals:
Submit shop drawings, samples, and product specifications
for approval by the client or architect.
Page 3 / 12
#Item Qty Unit Unit Price Total
Review installation guidelines from the manufacturer.
2. Installation of Insulation Boards
Cutting and Fitting Insulation:
Install foam insulation boards (commonly expanded
polystyrene or extruded polystyrene) to the exterior surface,
ensuring a continuous thermal envelope.
Boards should be cut to fit around windows, doors, corners,
and other building features.
Fastening of Insulation Boards:
Secure insulation to the wall substrate using mechanical
fasteners (screws or anchors) and/or adhesive.
Ensure that fasteners do not penetrate through to the interior.
Ensure proper alignment, with no gaps or misalignments
between the boards.
Sealing Joints:
Use joint sealants (e.g., expanding foam or adhesive) to fill the
gaps between insulation boards to prevent air infiltration.
3. Reinforcement and Base Coat Application
Reinforcing Mesh Application:
Apply fiberglass reinforcing mesh over the insulation boards,
embedding it into a base coat of EIFS material.
Ensure the mesh is applied continuously, with no gaps,
overlaps, or wrinkles.
Mesh should extend over all seams and corners, providing
structural reinforcement.
Base Coat Application:
Apply a base coat of EIFS material over the mesh to provide a
smooth, uniform surface.
The base coat should be thick enough to fully embed the
mesh and provide a level surface for the finish coat.
Allow the base coat to cure as per the manufacturer's
guidelines.
4. Finish Coat Installation
Surface Preparation:
After the base coat has fully cured, prepare the surface by
cleaning and ensuring it’s smooth.
Any imperfections (e.g., uneven areas) should be corrected
before the finish coat is applied.
Application of Finish Coat:
Apply a finish coat (usually acrylic-based or synthetic) to
achieve the desired texture and appearance.
The finish coat may be troweled, sprayed, or rolled depending
on the desired texture and manufacturer's specifications.
Ensure the finish coat is uniformly applied and free of defects.
Texturing (if required):
Apply a textured finish as per design specifications (smooth,
sand, dash, etc.).
Ensure proper adhesion and texture to prevent cracking or
peeling.
5. Trims, Sealants, and Caulking
Install Corner Beads and Trims:
Install corner beads, expansion joints, and trims around
windows, doors, and at wall intersections.
Page 4 / 12
#Item Qty Unit Unit Price Total
Ensure these trims are secured tightly and sealed properly to
maintain the weatherproofing of the system.
Sealant and Caulking:
Apply sealants around all windows, doors, joints, and
penetrations to prevent water infiltration.
Ensure caulking is applied neatly, and that no gaps remain.
6. Quality Control and Inspection
Ensure Proper Alignment and Leveling:
Throughout the installation process, constantly check that the
system remains level and properly aligned.
Final Inspection:
Perform a final inspection of the installed EIFS to ensure all
layers are applied correctly and that there are no defects or
omissions.
Check that all system components (insulation, base coat,
mesh, and finish coat) meet the manufacturer's and project
specifications.
7. Post-Installation Cleanup and Site Restoration
Cleanup:
Remove all debris, excess materials, and equipment from the
site.
Ensure the surrounding areas are free from construction
waste.
Protection:
If the EIFS is installed during a rainy season or unfavorable
weather conditions, ensure protective coverings are in place
to protect the new installation until it fully cures.
8. Warranties and Maintenance
Warranty Documentation:
Provide the client with product warranties and installation
guarantees from both the manufacturer and the installer.
Maintenance Guidelines:
Provide the client with guidelines for maintaining the EIFS,
including cleaning, inspection, and re-sealing of joints as
needed.
9. Timeline and Deliverables
Project Timeline:
Allow sufficient curing time between coats and phases.
Completion and Handover:
Specify the criteria for project completion, including sign-offs
from the client or architect.
Ensure all documentation, warranties, and maintenance
instructions are handed over at the time of completion.
1.2 Installation of Metal Roofing
1. Project Overview
The contractor will install metal shingles on the roof
The work will include the removal of existing roofing materials (if
necessary), preparation of the roof surface, and the installation of
new metal shingles according to manufacturer guidelines and best
industry practices.
2. Objectives
To provide a durable, weather-resistant roofing system that meets
aesthetic and functional requirements.
1 $13,000.00 $13,000.00
Page 5 / 12
#Item Qty Unit Unit Price Total
Ensure proper insulation, ventilation, and waterproofing.
Complete the project on time and within budget.
3. Materials and Equipment
Metal Shingles: The contractor will supply [Brand/Type] metal
shingles, including all necessary components such as trim, flashing,
fasteners, and underlayment.
Underlayment: High-quality synthetic or felt underlayment will be
used to provide an extra layer of protection.
Fasteners: Corrosion-resistant screws/nails (e.g., stainless steel or
galvanized) will be used to secure the shingles.
Flashing and Ventilation: Proper flashing around chimneys, vents,
and edges will be installed. Ventilation systems, if required, will be
integrated for adequate airflow.
4. Scope of Work Tasks
4.1. Roof Inspection & Preparation:
Inspect the roof structure to ensure it's in good condition and
can support the new shingles.
Remove any existing roofing materials (old shingles, tar paper,
nails, etc.), and dispose of them responsibly.
Check for any water damage or areas needing repair (e.g.,
decking, trusses).
Clean the roof deck of debris to ensure a smooth, level
surface for installation.
4.2. Install Underlayment:
Lay down synthetic underlayment across the entire roof deck,
ensuring that all seams are sealed properly to prevent water
penetration.
Overlap underlayment by [x] inches to provide full coverage.
4.3. Install Metal Shingles:
Begin installation at the roof’s eave and work upwards toward
the ridge.
Ensure that shingles are installed according to the
manufacturer’s specifications, including the proper overlap
and alignment.
Secure each metal shingle with the appropriate fasteners
(screws or nails) to prevent wind uplift and ensure long-term
stability.
Ensure proper flashing around chimneys, skylights, and other
roof penetrations.
4.4. Install Flashing & Trim:
Install metal flashing around roof edges, valleys, chimneys,
vents, and skylights to ensure water is directed away from
vulnerable areas.
Add trim and ridge caps to seal the roof's edges and create a
polished appearance.
4.5. Ventilation & Insulation (if required):
Install ridge vents, soffit vents, or other required ventilation
systems.
Ensure proper insulation is placed under the roof to regulate
temperature and prevent moisture build-up.
5. Quality Assurance & Testing
Perform a thorough inspection after installation to ensure that the
roof is secure, watertight, and aesthetically pleasing.
Check that all seams are properly sealed, fasteners are secure, and
flashing is correctly installed.
6. Safety Measures
All work will be performed in accordance with OSHA and local
safety regulations.
Page 6 / 12
#Item Qty Unit Unit Price Total
The contractor will provide all necessary safety equipment for the
crew, including fall protection, hard hats, and harnesses.
Scaffoldings, ladders, or safety ropes will be used as needed to
ensure safe access to the roof.
The worksite will be kept clean and free of debris to prevent
accidents.
7. Warranty
The contractor will provide a [X]-year warranty on the labor for the
installation of the metal shingles.
The manufacturer’s warranty for the metal shingles will apply to
any material defects.
8. Exclusions
The scope does not include the replacement or repair of any
structural components (e.g., decking, trusses) unless otherwise
noted.
Any additional work, such as installing gutters or skylights, will be
considered outside the scope and may incur additional charges.
1.3 Demo of Cedar shakes
Roofing shovel or shingle remover (for prying up shakes and nails)
Crowbar or pry bar
Claw hammer
Utility knife (to cut underlayment or tar paper)
Reciprocating saw (for cutting through nails or tough sections)
Trash chute or heavy-duty buckets (to lower debris safely)
Start from the top and work your way down to avoid standing on
unsupported surfaces.
Pry up the shakes by inserting the shovel or pry bar beneath each
course and lifting up.
Remove nails as you go, either by pulling them out or cutting them
off.
Pull off old underlayment or felt paper.
Check for any damage to the sheathing or framing and document
it for repair.
Cedar shakes can be heavy and splintery—use contractor bags or
bins for transport.
Wood shakes are not typically recyclable due to coatings, nails, or
embedded tar—dispose of them as construction waste.
Sweep the area thoroughly and use a magnet to pick up stray nails.
1 $1,950.00 $1,950.00
1.4 Removal of storefront sign and reinstall
Remove existing storefront sign and reinstall when work is complete
1 $3,900.00 $3,900.00
1.5 Exterior Electrical Work
Disconnect Electrical as needed
Reconnect Electrical as work get completed
Install new can lights and photo eye near back entrance of bar and
other spaces
disconnect store front sign
NOTE: There will be multiple trips for the electricians
1 $12,675.00 $12,675.00
Page 7 / 12
#Item Qty Unit Unit Price Total
1.6 Exterior Carpentry
1. Assessment and Planning
Structural Assessment: Engage a structural engineer to assess
how removing the gable end and eyebrow in the front of the
building will affect the building’s integrity.
2. Safety and Site Preparation
Asbestos/Lead Inspection: Required in many jurisdictions for older
buildings.
Utility Disconnections: Water, gas, electricity, and data services
may need to be shut off or rerouted.
Scaffolding and Shoring: Temporary supports may be necessary to
stabilize adjoining structures or roofing.
Site Safety Plan: Ensure fall protection, debris containment,
noise/dust controls, and signage are in place.
3. Demolition Process
Manual or Mechanical: Depending on size and location, demolition
will be done manually
Structural Sequencing: Remove roof finishes and supports
connected to the gable end first. Wall demolition follows.
Debris Removal: Materials should be sorted for recycling,
hazardous waste, or disposal.
4. Reconstruction or Finishing
Rebuild or Restructure: If a new façade is planned, framing and
wall construction follow.
Waterproofing and Sealing: Ensure the newly exposed area is
sealed against the elements.
Final Inspections: Local authorities may require inspections before
and after work is complete.
Important Notes
Engineer Involvement: Always involve a qualified structural
engineer.
Historic Buildings: May need special permission or conservation
oversight.
Neighboring Structures: In tight urban settings, party wall
agreements or adjacent property protections might be necessary.
1 $19,500.00 $19,500.00
1.7 Tyvek
Make sure sheathing (e.g., plywood or OSB) is smooth, dry, and
free of debris.
Cover all sheathing before installing siding.
Begin at a lower corner of the wall.
Install Tyvek horizontally with the printed logo facing out.
Overhang the bottom edge at least 1" over the foundation or sill
plate.
Fasten every 12"–18" along vertical studs, using cap fasteners or
staples with plastic caps.
Avoid stretching the wrap too tightly — it should be flat but able to
move slightly to prevent tearing.
Horizontal overlaps: at least 6"
Vertical overlaps: at least 6"–12"
1 $7,499.70 $7,499.70
Page 8 / 12
#Item Qty Unit Unit Price Total
Always overlap upper layers over lower ones (shingle-style) to shed
water.
Use Tyvek Tape or another approved construction tape to seal all
vertical and horizontal seams.
Tape around window and door openings, particularly corners.
Cut an "X" at window/door openings.
Fold flaps inside or over framing.
Tape or flash as needed (use flashing tape or follow manufacturer
instructions for windows and doors).
Use proper flashing at window sills and heads. Install sill flashing
before inserting the window.
Follow the window manufacturer’s flashing instructions for
integration with Tyvek.
Check all seams are taped and that the wrap is securely fastened.
Ensure proper lapping and that water will shed downward and
outward.
1.8 Sheathing of building
Install any necessary blocking or bracing.
Check local building codes for specific sheathing requirements
(e.g., thickness, fastening schedule).
Begin sheathing at a bottom corner of the wall.
Place the first panel vertically or horizontally (check your code or
plan).
Make sure the bottom edge is flush with the bottom plate or
overlaps the rim joist if required.
Panels should be installed with a 1/8-inch gap between them (use a
nail or spacer).
End joints should be staggered whenever possible.
Ensure the panel is plumb and square before fastening.
Fasten every 6" along panel edges and every 12" in the field (center
studs).
Use 8d nails or screws per building code.
Nail heads should be flush (not overdriven or underdriven).
If using a nail gun, adjust depth carefully.
Cut around window and door openings before the sheathing is
installed.
Nail edges around openings as specified in structural plans.
1 $13,799.50 $13,799.50
1.9 James Hardie soffit
1. Framing & Support Prep
Support with nominal 2×4 framing spaced no more than 24″ on
center, with all panel edges backed by framing (sub‑facia or ledger)
Trim rafter tails using a chalk line to ensure a flat plane before
installing the sub‑facia
2. Cut & Fit Panels
Install panels perpendicular to the rafters or joists jam
1 $3,510.00 $3,510.00
Page 9 / 12
#Item Qty Unit Unit Price Total
Panel joints: butt together in moderate contact or leave a 1/8″ gap,
sealed with caulk and covered with an H‑molding or batten strip
For hip/valley soffits, cut ends at 45° for clean mitered joints
3. Fastening Requirements
Fastener type:
Wood framing: 4d common nails
Steel framing: #8‑18 × 1″ ribbed bugle screws
Spacing:
Edges & intermediate supports ≤ 24″ OC.
Nails 12″ wide or less: at least 1″ from corners, 3/8″ from
edges.
Wider than 12″: 2″ from corners, 3/8″ from edges
Fastener heads should be flush, not over‑driven or protruding
Use corrosion-resistant fasteners—galvanized or stainless steel
recommended
4. Flashing & Caulking
Maintain at least a 1″ gap from gutter end caps to siding/trim for
drainage
Install kickout flashing where roof meets wall (4″×4″ minimum,
angled 100°–110°)
Seal siding/soffit joints or gaps with permanently flexible caulk,
avoiding inappropriate types (e.g. alkyd/oil‑based)
5. Finish & Touch‑Up
Use the Hardie Touch‑Up Pen for nails and small cuts; avoid
alkyd/oil paints and stains
Ensure cut edges are primed (ColorPlus® panels are pre-finished
but cut edges need touch‑up)
2 Management 16,250.00 16,250.00
2.1 Project Management
This estimate includes all labor and administrative services required to
professionally manage a renovation project under favorable site
conditions. Red Letter Renovation will oversee project planning,
execution, coordination with authorities, and final delivery—ensuring
compliance, efficiency, and quality from start to finish.
Administrative and Management Services
Project Planning and Scheduling
Develop a detailed project plan outlining cost targets, decision
timelines, trade schedules, and inspection milestones.
Establish a comprehensive workflow to track progress and align
resources for timely completion.
Permitting and Regulatory Coordination
Facilitate the application, submission, and acquisition of required
permits.
Coordinate with city inspectors and building officials throughout the
project, including scheduling inspections, addressing corrections, and
ensuring compliance with all applicable building codes and ordinances.
Coordination and Oversight
Actively expedite and manage all project activities, including
subcontractor coordination, vendor communication, and milestone
execution.
Provide regular oversight to ensure quality standards, code compliance,
and adherence to the construction schedule.
Budget and Progress Tracking
1 $5,200.00 $5,200.00
Page 10 / 12
#Item Qty Unit Unit Price Total
Monitor and track all project milestones and running budget in real time.
Approve vendor invoices, material costs, and labor hours while
maintaining alignment with client-approved budgets.
Labor Services Included
Site Preparation and Protection
Coordinate area preparation, including protective coverings for floors
and surfaces, dust containment, and safe material storage.
Ensure jobsite setup is efficient, secure, and compliant with local safety
standards.
Equipment and Material Acquisition
Oversee procurement and delivery of materials, tools, and equipment
necessary for each project phase.
Verify shipments for accuracy and conformance to specifications.
Setup, Daily Oversight, and Cleanup
Manage daily operations, ensure jobsite cleanliness, and support
smooth transitions between trades.
Oversee setup and breakdown for each stage of construction and
maintain a clean, organized, and inspection-ready environment.
This estimate includes all labor and administrative responsibilities
required to deliver a fully managed renovation project, including
planning, execution, permitting, inspection coordination, and close-out.
Red Letter Renovation ensures disciplined project leadership,
responsive communication, and regulatory compliance throughout.
2.2 Drawings
Renderings of what the building will look like when completed
NOTE: there is a non-refundable deposit for this
1 $8,450.00 $8,450.00
2.3 Waste Management
Waste and Debris Management
Red Letter Renovation will manage all waste and debris generated
throughout the course of the renovation project. This includes the safe
and efficient handling, removal, and disposal of all materials in
compliance with local regulations and environmental standards.
Provision of Dumpster or Bagster
We will supply a dumpster or Bagster, as required, to collect and contain
all waste materials. The appropriate container will be selected based on
the size and scope of the project to ensure that all debris can be
removed promptly and without disruption to the site.
Facilitation of Removal
Red Letter Renovation will coordinate and facilitate the timely removal
of the dumpster or Bagster once it has reached capacity. This ensures
that the job site remains clean and organized throughout the project,
allowing for a safe and efficient work environment.
This estimate covers all aspects of waste management, from container
supply to removal, ensuring that all debris is handled professionally and
the site remains clean throughout the project.
Optional: Same-Day Waste Removal with Dump Trailer
Dump Trailer Provision (Optional Upgrade)
For projects requiring immediate and efficient disposal of materials,
1 $2,600.00 $2,600.00
Page 11 / 12
#Item Qty Unit Unit Price Total
Red Letter Renovation offers the option to supply a dump trailer for
same-day waste removal. This allows for real-time cleanup, minimizing
site clutter and allowing uninterrupted progress on the job.
Includes delivery and on-site use of a dump trailer for the duration of
the workday.
Same-day hauling and disposal of all renovation-related debris.
Ideal for compact job sites or locations with strict disposal regulations
or HOA restrictions.
Pricing available upon request and based on trailer size and load volume.
226,846.10
$0.00
226,846.10
113,423.05
Deposit
113,423.05
Upon completion
$226,846.10
$0.00
Subtotal
Tax
Total
Amount Paid
Balance Due
Payments
Upcoming Upcoming
Memo
Angie
This is rough estimate the price could change more depending on what we find when the stucco is removed and if you
want to replace doors and windows. It would give the building a cleaner new updated look also. We might need to need to do
some structural work It would be something to discuss whenever you have some free time on the extent of the work you want
to do.
Tom Zarembski
Red Letter Renovation
Page 12 / 12
Signature Click here to sign
Company Signature Client Signature
Red Letter Renovation
Proposal
Vanguard Construction
P.O. Box 331
Cambridge, MN 55008
Business License #: BC807170
Date: August 19, 2025
Prepared For: Angie Krautbauer
Project Description – Full Scope of Work
This project consists of a full renovation of the building exterior including stucco replacement, framing
modifications, roofing replacement, soffit installation, electrical as required, and debris removal. The
following sections provide itemized scopes of work with pricing included.
Stucco Replacement
North, South, Front, and Back elevations as described with full stucco removal, prep, lath, mesh, and
acrylic finish (color TBD).
PRICE: $108,987.68
Demo & Framing (per Drawings & Carpentry)
Demolition per engineered drawings, new framing of gables, integration with existing overhang roof,
signage detach/reset, bracing and fasteners per code and manufacturer requirements.
PRICE: $26,729.00
Roofing Replacement
Remove cedar shakes, install premium roofing (EDCO steel, asphalt shake, or cedar). Includes flashing,
underlayment, ventilation, per code and manufacturer requirements.
PRICE: $12,567.82
Engineer’s Drawings
Structural engineer drawings, coordination with client and contractor, permitting compliance.
PRICE: $2,000.00
Electrical Work (as needed)
Electrical modifications for code compliance under separate permit. Removed if not required.
PRICE: $3,500.00
James Hardie Soffit
Install Hardie soffit per manufacturer installation guidelines and local codes. Includes fasteners, backing,
bracing, and inspections.
PRICE: $9,803.65
Debris Removal
Provide dumpsters, remove all debris (stucco, roofing, framing, misc). Disposal per regulations, maintain
site cleanliness.
PRICE: $5,500.00
Bid Alternate – Second Story Windows
Frame new openings, install supports, trim, and casings. Interior finishing to match existing as close as
possible. *Price subject to change based on window manufacturer and material cost.*
PRICE: $13,985.00
Pricing Summary
Item Price
Stucco Replacement $108,987.68
Demo & Framing $26,729.00
Roofing Replacement $12,567.82
Engineer’s Drawings $2,000.00
Electrical Work $3,500.00
James Hardie Soffit $9,803.65
Debris Removal $5,500.00
Subtotal $169,088.15
Contingency (10%)$16,908.82
TOTAL BID $185,996.97
Bid Alternate – 2nd Story Windows $13,985.00 (subject to change)
Site Management & Compliance
Site Management
- Vanguard Construction will provide full project management to ensure work proceeds in accordance with
drawings, specifications, and agreed-upon schedule.
- A qualified site supervisor will coordinate daily operations, subcontractor activities, inspections, and
communication with the client.
- The site will be maintained in a clean and orderly condition at all times, with debris regularly removed and
safety measures enforced.
OSHA Compliance
- All work will be performed in accordance with OSHA safety standards.
- Personal protective equipment (PPE) will be worn by all workers as appropriate.
- Scaffolding, ladders, and lifts will be erected and maintained per OSHA requirements.
- Hazard communication, fall protection, and equipment training will be strictly enforced.
General Contractor Responsibilities
- Vanguard Construction will manage permitting, inspections, and scheduling in coordination with the client.
- Subcontractors will be prequalified for licensing, insurance, and performance standards.
- Work will meet or exceed applicable building codes, manufacturer installation requirements, and industry
best practices.
- Change orders, if required, will be processed promptly with clear written approval from the client.
- Liability and workers’ compensation insurance will be maintained throughout the duration of the project.
Payment Schedule
- One Third (1/3) Due at Signing: $61,998.99 – to secure scheduling and begin permitting.
- One Third (1/3) Due Upon Starting Work: $61,998.99 – prior to commencement of demolition and
framing activities.
- Final One Third (1/3) Due Upon Completion: $61,998.99 – following final walkthrough, cleanup, and
closing of permit.
Terms & Conditions – Vanguard Construction
1. Proposal valid for 14 days from the date issued.
2. Change orders will be estimated at time & material plus 20% overhead and profit.
3. Payment terms: One third due at signing, one third due upon starting, remaining balance due upon
completion.
4. Permits and inspections are the responsibility of: [Specify Vanguard Construction or Customer].
Prepared By:
Michael Rudnitski, Owner
Vanguard Construction
n 763-260-3635
)n mike@vanguardconstmn.com
Project Name September 29, 2012
Minneapolis
New storefront with transom windows, signage panel
new full height windows
grind and paint stucco
remove gable, install new front with signage panel, cornice (metal) and storefront
remove gable, install new front with signage panel, cornice (metal) and storefront
Proposed Existing
Building # 2
Glitz and Glam Town
Travel
Town
Travel
Historic plaqueStrip stucco on base only.
Monticello Facade Improvements November 11, 2018
MinnesotaMonoticello
Primary Owner
STELLAR PROPERTY INVEST LLC
350 102ND ST NE
MONTICELLO MN 55362
Seq Land Description Land Code Dim 1 Dim 2 Dim 3 Units UT
Unit
Price Adj 1 Adj 2 Adj 3
Eff
Rate Div %Value
1 DOWNTOWN I 155604 0 0 0 6,585.000 S 18.000 0.00 0.00 0.00 5.885 0.327 38,750
2 DOWNTOWN I 155604 0 0 0 6,585.000 S 18.000 0.00 0.00 0.00 12.111 0.673 79,751
3 BLACKTOP FAIR 008681 0 0 0 3,600.000 U 1.500 0.00 0.00 0.00 0.491 0.327 1,766
4 BLACKTOP FAIR 008681 0 0 0 3,600.000 U 1.500 0.00 0.00 0.00 1.009 0.673 3,634
Total 13,170.000 123,901
Building 1
Year Built 1885
Architecture N/A
Above Grade Living Area 0
Finished Basement Sqft 0
Construction Quality 04
Foundation Type N/A
Frame Type (C) Concrete Frame
Size/Shape
Exterior Walls STUCCO
Windows N/A
Roof Structure N/A
Roof Cover N/A
Interior Walls N/A
Floor Cover N/A
Heat WALL HEAT
Air Conditioning N/A
Bedrooms 0
Bathrooms N/A
Gross Building Area 943
Summary
Parcel ID 155010035090
Property Address 124 BROADWAY W
MONTICELLO MN 55362
Sec/Twp/Rng 11-121-025
Brief Tax
Description
SECT-11 TWP-121 RANGE-025 ORIGINAL PLAT MONTICELLO
LOT-009 BLOCK-035 TH PRT OF LOT 9 BLK35 LY WLY OF LN
DRWN 9FT WLY OF&PAR TO COMMON BDRY LN OF LTS 8&9
ALSO TH PRT OF LT 10 LY ELY OF LN DRWN 16FT WLY OF& PAR
TO COMMON BDRY LN OF LTS9&10
(Note: Not to be used on legal documents)
Class 233 - 3A COMMERCIAL LAND AND BUILDING;209 - 4B1 RES 1-
3 UNITS - PREV SSR
District (1101) CITY OF MONTICELLO-0882
School District 0882
(Note: Class refers to Assessor's Classification Used For Property
Tax Purposes)
Abstract/Torrens ABSTRACT
GIS Acres
Parcel: 155010035090
Acres: 0.15
Acres USAB: 0.15
Acres ROW:
Sq Ft: 6,585.38
Owner
Land
Buildings
Wright County, MN
Building 2
Year Built 1885
Architecture N/A
Above Grade Living Area 0
Finished Basement Sqft 0
Construction Quality 04
Foundation Type WOOD
Frame Type (C) Concrete Frame
Size/Shape
Exterior Walls STUCCO
Windows N/A
Roof Structure N/A
Roof Cover N/A
Interior Walls N/A
Floor Cover N/A
Heat WALL FURN
Air Conditioning N/A
Bedrooms 0
Bathrooms N/A
Gross Building Area 2386
Multi
Parcel
Instr
Type
Qualified
Sale Sale Date Book Page
Sale
Type Buyer Seller
Sale
Price
Adjusted
Sale
Price eCRV #eCRV
Sale
Type
S.S.
Rcmd.
S.S. Rjt.
Rsn.
Transact
Num
N CD Q 12/28/2007 I-
Improved
STELLAR
PROPERTY
INVESTMENTS
LLC
LARSON
PROPERTIES
II
$280,000 $280,000 107482 I NA-NOT
APPLIC
107482
N WD U 12/28/2007 I-
Improved
STELLAR
PROPERTY
INVESTMENTS
LLC
LARSON
PROPERTIES
II
$280,000 $280,000 110001 I 14-
CFD/INT
PA
110001
Sale date range:
Search Sales by Neighborhood
Search Sales by Subdivision
Grantor Grantee Recorded Date Doc Type Doc No
LARSON PROPERTIES II STELLAR PROPERTY INVESTMENTS LLC 1/9/2009 WAR 1106221
LARSON PROPERTIES II STELLAR PROPERTY INVESTMENTS LLC 1/4/2008 CFD 1076213
Note: Transfer History data is from LandLink beginning 01/01/2003.
2025 Assessment 2024 Assessment 2023 Assessment 2022 Assessment 2021 Assessment
+Estimated Land Value $123,900 $123,900 $77,800 $57,900 $56,200
+Estimated Building Value $183,000 $167,900 $167,900 $140,200 $134,200
+Estimated Machinery Value $0 $0 $0 $0 $0
=Total Estimated Market Value $306,900 $291,800 $245,700 $198,100 $190,400
%Change 5.17%18.76%24.03%4.04%0.00%
Sales
Recent Sales In Area
From:
09 /04 /20
To:
09 /04 /20
Distance:
1500
Units:
Feet
Search Sales by Distance
Transfer History
Valuation
Click here to view Taxation Information for this parcel
2025 Payable 2024 Payable 2023 Payable 2022 Payable
Estimated Market Value $291,800 $245,700 $198,100 $190,400
-Excluded Value $0 $0 $0 $0
-Homestead Exclusion $0 $0 $0 $0
=Taxable Market Value $291,800 $245,700 $198,100 $190,400
Net Taxes Due $5,004.10 $3,852.00 $2,916.00 $3,274.00
+Special Assessments $617.90 $0.00 $0.00 $0.00
=Total Taxes Due $5,622.00 $3,852.00 $2,916.00 $3,274.00
%Change 45.95%32.10%-10.93%0.06%
Click here to view Taxation Information for this parcel
Click here to view Taxes Paid for this parcel
Taxation (Internal Only)
Taxation
Taxes Paid
Photos
Sketches
No data available for the following modules: Land GA/RP, Extra Features, OBY, OBY (Working 2026 Assessment).
Map
Aerial Image : 124 W. Broadway
04/20/2025
City Policy and
Procedure
SECTION: FINANCE NO: FIN-
REFERENCE: Date:
Next Review Date:
TITLE: FAÇADE IMPROVEMENT PROGRAM
1.0 Purpose
The City of Monticello Economic Development Authority (the “EDA”) recognizes the need to encourage
investment in commercial and retail buildings in the Downtown area in order to maintain the economic
viability of the City and the Downtown/Central Community District. The purpose of this forgivable loan
program is to support a visually and financially appealing Downtown and greater Monticello
community by providing forgivable loans to improve the façades of existing Downtown commercial
and retail buildings.
2.0 Policy
ELIGIBLE BUSINESSES
Commercial property located within the geographic area illustrated in Exhibit A of these guidelines may
be eligible for a Downtown Façade Improvement Forgivable Loan (“ Loan”) as further defined herein. The
area illustrated in Exhibit A of these guidelines is amended to include the buildings to remain on Block 52
following redevelopment, as well as those buildings along Walnut Street, between Broadway Street West
and River Street. It is the goal of the EDA that 70% of the buildings within the eligible area complete
improvements to their properties.
The EDA has allocated a maximum of $200,000 for the initial Loan program. This is a pilot program, and
additional areas and allocations will be considered at a future date.
FORGIVABLE LOAN FUND TERMS & CONDITIONS
Loan Amount & Structure
Individual loans may be made in an amount ranging from $5,000-$50,000. Loan forgiveness generally
takes place over a three-year period with fifty percent (50%) of the award forgiven at the end of the first
year, and twenty-five percent (25%) forgiven at the end of years two and three. The EDA may extend or
reduce the forgiveness period based on the dollar amount of the Loan. If the benefitting building is sold
within the period of the Loan, the Loan must be repaid. The Applicant must provide at least 5% of the
project cost in cash. The Applicant percentage shall be used as the project down-payment, as may be
required.
Eligibility Requirements
Tenants and property owners should discuss the loan program to determine responsibilities and
commitment for application and its components. The owner of the property must be a cosignatory to the
application and Loan agreement.
The property owner must carry current property insurance both at the time of application and through
completion of approved Loan improvements.
Property taxes on the subject site must be current for the duration of the Loan.
MN190\101\941811.v1
Applicants are not eligible to receive funding if the property to be rehabilitated is in default under a
property mortgage, contract for deed or comparable obligation. An applicant/property owner is ineligible
to receive assistance if currently involved in bankruptcy proceedings.
Applicants may apply for only one Loan per building.
The EDA reserves the right to approve or reject applications on a case-by-case basis, taking into
consideration factors considered appropriate by the EDA, in addition to established polices, criteria, and
potential benefits. Meeting the criteria does not guarantee an application will be approved. Approval or
denial of an application is at the sole discretion of the EDA.
Concurrent Loans
The concurrent use of different EDA loan programs by any one borrower or for any one project is
permitted. Business subsidy agreements may be required.
Permitted Loan Uses
Exterior renovation of the façades of principal use retail or commercial buildings as further shown on
Exhibit B attached hereto. An applicant may apply for façade improvements on all exterior sides of their
building. The EDA may approve a Loan for improvements for all or some of the sides of the building at
their discretion.
An architectural rendering supplied by one of the following is required: an EDA selected architect,
applicant contractor or architect, or a qualified architect accepted by the EDA. This item is required for
use in determining final scope of work in consultation with the applicant and the applicant’s selected
contractor for any project. The cost of the rendering shall not be included in the Loan amount.
Architectural renderings will be considered for preparation after initial letter of interest by an applicant.
Façade renovation may include, but is not limited to windows, doors, siding, brick, stucco, masonry,
painting, steps, cornices, parapets, shutters, dormers, signage, awnings, and structural roof components
and such improvements shall be guided by the architectural rendering.
Interior side renovation proposals may be considered on a case-by-case basis.
The applicant will work with a contractor to define final selected improvements using the architectural
rendering as a guide. The architectural rendering with final selected improvements must be reviewed and
approved by the EDA and will be included in final Loan documentation. The improvements must be
completed in substantial conformity to the approved architectural rendering.
The cost of the building permit for the approved Loan project will be included in the final Loan amount.
CONSTRUCTION AND IMPROVEMENTS CODE COMPLIANCE
As applicable, buildings for which public funds will be used within this program are to be brought into
conformity with city ordinances and state building codes in effect for the area in which the building is
located. It is the intent of the Downtown Façade Improvement Loan Program to comply with the City’s
building standards for the Downtown/Central Community District (CCD). Please refer to the City’s
Downtown Small Area Plan and zoning ordinance for complete details as it relates to the standards
governing this program’s design guidelines.
TIMING OF PROJECT EXPENSES
MN190\101\941811.v1
No project may commence until the EDA has approved the Loan application and the Loan agreement. Any
costs incurred prior to execution of the Loan agreement are not eligible expenditures.
No building construction may commence until the required city permits are secured.
Loan disbursements shall be as provided for within the Loan agreement and shall be made directly to the
Applicant/owner’s contractor. The Loan agreement shall reference final contracts for improvements.
COMMUNICATION
Success of the project depends on the completeness of applications and good communication between
all parties. Applicants should feel free to reach out to EDA staff with any questions at any time.
PROCEDURAL GUIDELINES FOR APPLICATION AND APPROVAL
The applicant shall meet with city staff to obtain information about the Loan program, discuss the project,
and obtain application forms.
Prior to application, it is recommended that the applicant complete and submit a letter of interest to the
EDA. The letter of interest should provide a summary of desired façade improvements. As part of the
letter of interest review, the EDA may consider authorization of a façade rendering by the EDA’s
architectural consultant or may direct the applicant to proceed with a formal application including
preparation of rendering by their contractor(s)/architect. Once the applicant has obtained the rendering
and estimates, the applicant must submit a formal application to the EDA for review including the project
rendering and detailed estimates.
Applications will be received and reviewed on a first-come, first-served basis from the time of submission
of a complete application.
An inspection of the building may be required.
The EDA is a governmental entity and as such must provide public access to public data it receives. Data
deemed by Applicant to be nonpublic data under State law should be so designated or marked by
Applicant. See Minnesota Statutes, Section 13.591, Subd. 1 and 2. The formal Loan application will be
reviewed by EDA staff to determine if it conforms to all city policies and ordinances, and will be presented
to the EDA for formal approval, as follows:
1. Staff will complete a preliminary application review and may consult with the EDA’s Financial
Advisor and/or EDA Attorney in preparing a report for EDA consideration.
2. Staff will evaluate the project application in terms of the following:
a. Project Design - Evaluation of project design will include review of proposed activities,
project construction and renovation plans including architectural rendering and final
building elevations detailing selected improvements, timelines and capacity to implement
the project.
b. Financial Feasibility - Availability of funds, private investment, financial packaging and
cost effectiveness, and bid-quote submissions.
c. Evidence of applicant’s ability to meet the 5% cash requirements.
d. Letter of Commitment from other financing sources stating terms and conditions of their
participation in the project, if applicable.
e. All other information as required in the application and/or additional information as may
be requested by the EDA staff.
MN190\101\941811.v1
f. Project compliance with all applicable city codes and policies.
3. The EDA Commissioners will review each application in terms of:
a. Its consistency with the goals of the city’s Comprehensive Plan and Downtown Small Area
Study.
b. Whether it is desirable and in the best interests of the public to provide funding for the
project.
c. The project’s overall potential impact on the community’s economy.
4. The EDA Commissioners will approve or deny the application, or request a resubmission with
clarifications, at the EDA’s sole discretion.
APPROVAL OR DENIAL OF LOAN APPLICATION
The EDA, at its sole discretion, may deny any application on a case-by-case basis, taking into consideration
factors such as: consistency with the goals of the city’s Comprehensive Plan and Downtown Small Area
Study, the project’s overall impact on the community’s economy, and the above criteria.
LOAN POLICY REVIEW
The above criteria will be reviewed on an annual basis to ensure that the policies reflected in this
document are consistent with the economic development goals set forth by the city.
COMPLIANCE WITH BUSINESS SUBSIDY LAW
All developers/businesses receiving financial assistance from the City of Monticello EDA shall be subject
to the City’s Business Subsidy Policy as amended, and the provisions and requirements set forth under
Minnesota Statutes, Sections 116J.993 to 116J.995.
LOAN AGREEMENT
If the application for a Loan is approved, the applicant/property owner will be required to enter into a
Loan agreement to proceed. The Loan agreement will specify the terms and conditions of the Loan as
identified herein.
DISBURSEMENT OF LOAN FUNDS
Upon approval of a Loan application, applicants are required to provide executed contracts with qualified,
licensed contractors for work per the approved Loan plans. Contracts shall be consistent with the
procedures and requirements herein.
Loan funds will be disbursed to the contractor based on completion of work as outlined below. The City’s
Chief Building Official will verify completion of work. Upon verification of completion, payment will be
dispersed per contract amount for the work completed based on submitted invoice.
PROJECT CONTRACTOR PROCEDURES AND REQUIREMENTS
A. PARTICIPATING CONTRACTORS: All contractors participating in the Downtown Façade
Improvement Loan Program must have a contractor’s license on file with the Minnesota Department of
Labor and Industry. The contractors will be responsible for securing insurance of the amounts specified
on the application form. The application must contain proof of insurance coverage via a Certification of
Insurance Coverage, and the contractor's registration and license number and bond.
B. BID/QUOTE SOLICITATION: To participate in the Downtown Façade Improvement Loan Program,
the applicant must solicit bids or quotes from at least two vendors. An applicant is free to choose any
contractor, provided the license requirements are met and the cost differential in the quotes received
MN190\101\941811.v1
does not exceed 20%.
C. CONTRACTOR CONTRACT: The contract for work is between the property owner (applicant) and
the contractor. Each selected contractor will enter into a contract with the property owner. The contract
will outline the terms for completion of the rehabilitation on the project and will include the following:
1. Scope of Work
2. Project Start Date;
3. Project Completion Date;
4. General Conditions;
5. Building Elevations and Architectural Drawings;
6. Special Conditions;
7. Project Warranties;
8. Change Order Procedures;
9. Payment Terms;
10. Termination Procedures.
D. FAILURE TO START/COMPLETE PROJECT: Upon approval of the Loan agreement, the applicant
and selected contractor will have 180 calendar days in which to complete the contracted work. The 180-
day time period shall not be exceeded except through the issuance of a change order. Failure to complete
any work within 180 days will be grounds to terminate the Loan agreement.
E. PAYMENT PROCEDURES: All contractors will agree to the payment schedule, which is as follows:
1. Pre-payments for contracted services may be disbursed from an escrow account
established with the EDA’s specified agency. Such escrow account shall be administered
per the Loan agreement.
2. Lien waivers are required for all contractors and subcontractors before payment is made.
3. Final payment for work completed, including any retainage amounts, will be made after
work by a contractor is completed with verified receipts and costs incurred, the final
inspection has been conducted and the Chief Building Official, property owner, and
contractor have signed off on the work.
F. CHANGE ORDERS: Change orders to the approved Loan project require the approval of the EDA.
Change orders will be allowed only for the following reasons:
1. To rectify hidden deficiencies that are discovered once the work has begun.
2. To change a specification due to unforeseen difficulties arising after work has begun.
3. To address a deficiency that was inadvertently dropped from the project during project
packaging.
4. To change completion dates.
PROJECT COMPLETION
The City’s Chief Building Official will complete a final project inspection and issue a Certificate of
Completion verifying project completion per the approved Loan plans.
3.0 Scope
This policy applies to all projects that apply for and may receive assistance under the Façade Improvement
Program.
4.0
MN190\101\941811.v1
HISTORY
Approval Date: August 8, 2018 Approved by: EDA
Amendment Date: November 9, 2022 Approved by: EDA
Amendment Date: January 10, 2024 Approved by: EDA
MN190\101\941811.v1
EXHIBIT A
Geographic Program Limits
Downtown Facade Improvement Grant Program Eligibility Area
MN190\101\941811.v1
EXHIBIT B
Permitted Fund Uses – Visual Reference
For your convenience, we offer payment options via check or Credit Card. Please note that a 4% service fee will be applied to
Credit Card transactions.
Please send checks to:
P.O. Box 333
Becker, MN 55308
This quote is valid for the next 30 days, after which values may be subject to change.
2 of 2 pages
Lemperes Building
14175 Bank Street | Becker, Minnesota 55308
763-670-0774 | Joe@LemperesBuilding.com | www.LemperesBuilding.com
Heritage Construction Companies, LLC.
Office: (763) 633-4080 www.HeritageConstructionMN.com
10908 171st Ave NW Suite C, Elk River, MN 55330
1
Job Name:
Date:
Plan Date:N/A
Division Description Total Cost
1005 Job Site Supervision $8,100.00
1030 AE Design Fees $3,600.00
1040 Field Engineering $0.00
1310 Permits and Fees SAC/WAC NOT INCLUDED IN THIS ESTIMATE $3,133.35
1410 Testing $0.00
1500 Temporary Facilities Equipment $675.00
1710 Clean up $0.00
1750 Trash disposal / Roll-off Boxes $1,000.00
2200 Demolition $0.00
2300 Earthwork $0.00
2550 Site Utilities $0.00
2600 Paving and Surfacing $0.00
2620 Curb, Gutter, Sidewalks $0.00
2830 Fencing $0.00
2900 Landscaping $0.00
3300 Cast In Place Concrete $0.00
3400 Precast Concrete $0.00
4000 Masonry $0.00
5000 Structural Metals $0.00
5700 Misc. Metals $0.00
6100 Rough Carpentry $71,842.32
6200 Finish Carpentry $0.00
7100 Siding / Fascia $20,000.00
7200 Insulation & Waterproofing $0.00
7240 EFIS $0.00
7300 Roofing $0.00
7900 Joint Sealers $0.00
8000 Doors and Frames Material $0.00
8300 Overhead Doors $0.00
8500 Residential Window $0.00
8800 Glass and Glazing $5,948.00
9250 Drywall $0.00
9300 Tile $0.00
9500 Acoustical Ceilings $0.00
9510 Acoustical Treatments $0.00
9650 Flooring $0.00
9900 Painting $14,200.00
9950 Wallcovering $0.00
10150 Toilet Partitions $0.00
10440 Signage $0.00
10520 Fire Extinguishers $0.00
10800 Toilet Accessories $0.00
11000 Equipment $0.00
11100 Loading Dock Equipment $0.00
12400 Cabinets $0.00
12500 Window Treatments $0.00
14200 Elevators $0.00
15300 Fire Protection $0.00
15400 Plumbing $0.00
15800 HVAC $0.00
16000 Electrical $3,390.00
16400 Low Voltage $0.00
20000 Miscellaneous $2,000.00
Sub Total $133,888.67
Overhead and Profit $13,388.87
Total $147,277.54
Exclusions:Winter Conditions, gas and electric utilities, SAC/WAC fees.
Cornerstone Café Exterior Remodel
8/28/2025
Summary Sheet
Heritage Construction Companies, LLC.
Office: (763) 633-4080 www.HeritageConstructionMN.com
10908 171st Ave NW Suite C, Elk River, MN 55330
2
Division Description Notes Quantity Unit Price Sub Total Total Cost
1005 Job Site Supervision $8,100.00
Job Cost 90 $90.00 $8,100.00
1030 AE Design Fees $3,600.00
Architectural Fees $3,600.00
Civil Engineering Fees $0.00
Structural Engineering Fees $0.00
Survey $0.00
1040 Field Engineering $0.00
Surveying $0.00
1310 Permits and Fees $3,133.35
Permits $3,133.35
SAC/WAC NOT INCLUDED IN THIS ESTIMATE $0.00
Realtor Fee $0.00
Builders Risk Insurance $0.00
Bonding $0.00
1410 Testing $0.00
Indepentant Testing Fees $0.00
1500 Temporary Facilities Equipment $675.00
Temporary Toilet 3 $225.00 $675.00
Temporary Office 0 $400.00 $0.00
Security Fence $0.00
Safety Railing $0.00
Poly Dust Control $0.00
1710 Clean up $0.00
Lump Sum $0.00
1750 Trash disposal / Roll-off Boxes $1,000.00
10 yd 0 $275.00 $0.00
20 yd 0 $325.00 $0.00
30 yd 2 $500.00 $1,000.00
Concrete Washout 0 $250.00 $0.00
2200 Demolition $0.00
Lump Sum
2300 Earthwork $0.00
Lump Sum Bid $0.00
Erosion Control $0.00
Clearing and Grubbing $0.00
Earth Retention $0.00
2550 Site Utilities $0.00
Lump Sum $0.00
2600 Paving and Surfacing $0.00
Lump Sum Bid $0.00
Class 5 $0.00
2620 Curb, Gutter, Sidewalks $0.00
Curb, and Gutter $0.00
Entrances $0.00
Sidewalks $0.00
2830 Fencing $0.00
Lump Sum $0.00
Detailed Breakdown
Heritage Construction Companies, LLC.
Office: (763) 633-4080 www.HeritageConstructionMN.com
10908 171st Ave NW Suite C, Elk River, MN 55330
3
Division Description Notes Quantity Unit Price Sub Total Total Cost
2900 Landscaping $0.00
Landscaping $0.00
Irrigation $0.00
3300 Cast In Place Concrete $0.00
Lump Sum Bid $0.00
Footings $0.00
Poured Foundation $0.00
Floors $0.00
Vapor Barrier $0.00
GypCrete Prep $0.00
GypCrete $0.00
3400 Precast Concrete $0.00
Lump Sum $0.00
4000 Masonry $0.00
Lump Sum Bid $0.00
Stoops $0.00
Brick $0.00
Stucco $0.00
Block Sealer $0.00
5000 Structural Metals $0.00
Material $0.00
Labor $0.00
5700 Misc. Metals $0.00
Lump Sum
6100 Rough Carpentry $71,842.32
Lump Sum $47,930.40
Awning $23,911.92
Labor $0.00
Crane Rental $0.00
6200 Finish Carpentry $0.00
Door Install $0.00
Material $0.00
7100 Siding / Fascia $20,000.00
Lump Sum
Repair stucco on all sides of building and where
bay windows are made flush with building
$20,000.00
7200 Insulation & Waterproofing $0.00
Lump Sum $0.00
Foundation Insulation $0.00
Walls and Ceiling $0.00
Foundation Waterproofing $0.00
Building Wrap $0.00
7240 EFIS $0.00
Lump Sum $0.00
7300 Roofing $0.00
Lump Sum $0.00
Material $0.00
Sheetmetal $0.00
7900 Joint Sealers $0.00
Lump Sum $0.00
Heritage Construction Companies, LLC.
Office: (763) 633-4080 www.HeritageConstructionMN.com
10908 171st Ave NW Suite C, Elk River, MN 55330
4
Division Description Notes Quantity Unit Price Sub Total Total Cost
8000 Doors and Frames Material $0.00
Interior doors $0.00
Exterior door $0.00
8300 Overhead Doors $0.00
Lump Sum $0.00
8500 Residential Window $0.00
Labor $0.00
8800 Glass and Glazing $5,948.00
Takeout window $5,948.00
9250 Drywall $0.00
Lump Sum $0.00
9300 Tile $0.00
Lump Sum $0.00
9500 Acoustical Ceilings $0.00
Lump Sum $0.00
9510 Acoustical Treatments $0.00
Lump Sum $0.00
9650 Flooring $0.00
Lump Sum $0.00
Carpet $0.00
LVT $0.00
Vinyl Base $0.00
Epoxy $0.00
9900 Painting $14,200.00
Lump Sum Paint exterior of building $14,200.00
9950 Wallcovering $0.00
FRP $0.00
Wallpaper $0.00
10150 Toilet Partitions $0.00
Lump Sum $0.00
Material $0.00
Labor $0.00
10440 Signage $0.00
Lump Sum $0.00
City Required Signage $0.00
10520 Fire Extinguishers $0.00
Material $0.00
Labor $0.00
Signage $0.00
10800 Toilet Accessories $0.00
Lump Sum $0.00
Material $0.00
Labor $0.00
11000 Equipment $0.00
Lump Sum $0.00
Heritage Construction Companies, LLC.
Office: (763) 633-4080 www.HeritageConstructionMN.com
10908 171st Ave NW Suite C, Elk River, MN 55330
5
Division Description Notes Quantity Unit Price Sub Total Total Cost
11100 Loading Dock Equipment $0.00
Lump Sum $0.00
12400 Cabinets $0.00
Lump Sum $0.00
12500 Window Treatments $0.00
Lump Sum $0.00
14200 Elevators $0.00
Lump Sum $0.00
15300 Fire Protection $0.00
Lump Sum $0.00
15400 Plumbing $0.00
Lump Sum $0.00
15800 HVAC $0.00
Lump Sum $0.00
16000 Electrical $3,390.00
Lump sum recessed can lighting in soffit of new awning and new LED sign light $3,390.00
16400 Low Voltage $0.00
Lump Sum $0.00
20000 Miscellaneous $2,000.00
Lump Sum $2,000.00
CLARIFICATIONS:
Proposal based on plans dated N/A
Heritage construction is a merit shop contractor: we use the low comprehensive bid, union or non-union
No SAC or WAC fees included (water and sewer fees)
EXCLUDES WINTER CONDITIONS
EXCLUDES Low voltage, Communication system, telephone & technology.
EXCLUDES work relating to hazardous materials in this value (mold, asbestos, lead, etc…)
Appliances by Owner
Signage By Owner
"(a) Any person or company supplying labor or materials for this improvement to your property may file a lien against your property if that person or
company is not paid for the contributions.
(b) Under Minnesota law, you have the right to pay persons who supplied labor or materials for this improvement directly and deduct this amount from our
contract price, or withhold the amounts due them from us until 120 days after completion of the improvement unless we give you a lien waiver signed by
persons who supplied any labor or material for the improvement and who gave you timely notice."
Signature_______________________________________
Aerial Image 154 W Broadway
04/20/2025
City Policy and
Procedure
SECTION: FINANCE NO: FIN-
REFERENCE: Date:
Next Review Date:
TITLE: FAÇADE IMPROVEMENT PROGRAM
1.0 Purpose
The City of Monticello Economic Development Authority (the “EDA”) recognizes the need to encourage
investment in commercial and retail buildings in the Downtown area in order to maintain the economic
viability of the City and the Downtown/Central Community District. The purpose of this forgivable loan
program is to support a visually and financially appealing Downtown and greater Monticello
community by providing forgivable loans to improve the façades of existing Downtown commercial
and retail buildings.
2.0 Policy
ELIGIBLE BUSINESSES
Commercial property located within the geographic area illustrated in Exhibit A of these guidelines may
be eligible for a Downtown Façade Improvement Forgivable Loan (“ Loan”) as further defined herein. The
area illustrated in Exhibit A of these guidelines is amended to include the buildings to remain on Block 52
following redevelopment, as well as those buildings along Walnut Street, between Broadway Street West
and River Street. It is the goal of the EDA that 70% of the buildings within the eligible area complete
improvements to their properties.
The EDA has allocated a maximum of $200,000 for the initial Loan program. This is a pilot program, and
additional areas and allocations will be considered at a future date.
FORGIVABLE LOAN FUND TERMS & CONDITIONS
Loan Amount & Structure
Individual loans may be made in an amount ranging from $5,000-$50,000. Loan forgiveness generally
takes place over a three-year period with fifty percent (50%) of the award forgiven at the end of the first
year, and twenty-five percent (25%) forgiven at the end of years two and three. The EDA may extend or
reduce the forgiveness period based on the dollar amount of the Loan. If the benefitting building is sold
within the period of the Loan, the Loan must be repaid. The Applicant must provide at least 5% of the
project cost in cash. The Applicant percentage shall be used as the project down-payment, as may be
required.
Eligibility Requirements
Tenants and property owners should discuss the loan program to determine responsibilities and
commitment for application and its components. The owner of the property must be a cosignatory to the
application and Loan agreement.
The property owner must carry current property insurance both at the time of application and through
completion of approved Loan improvements.
Property taxes on the subject site must be current for the duration of the Loan.
MN190\101\941811.v1
Applicants are not eligible to receive funding if the property to be rehabilitated is in default under a
property mortgage, contract for deed or comparable obligation. An applicant/property owner is ineligible
to receive assistance if currently involved in bankruptcy proceedings.
Applicants may apply for only one Loan per building.
The EDA reserves the right to approve or reject applications on a case-by-case basis, taking into
consideration factors considered appropriate by the EDA, in addition to established polices, criteria, and
potential benefits. Meeting the criteria does not guarantee an application will be approved. Approval or
denial of an application is at the sole discretion of the EDA.
Concurrent Loans
The concurrent use of different EDA loan programs by any one borrower or for any one project is
permitted. Business subsidy agreements may be required.
Permitted Loan Uses
Exterior renovation of the façades of principal use retail or commercial buildings as further shown on
Exhibit B attached hereto. An applicant may apply for façade improvements on all exterior sides of their
building. The EDA may approve a Loan for improvements for all or some of the sides of the building at
their discretion.
An architectural rendering supplied by one of the following is required: an EDA selected architect,
applicant contractor or architect, or a qualified architect accepted by the EDA. This item is required for
use in determining final scope of work in consultation with the applicant and the applicant’s selected
contractor for any project. The cost of the rendering shall not be included in the Loan amount.
Architectural renderings will be considered for preparation after initial letter of interest by an applicant.
Façade renovation may include, but is not limited to windows, doors, siding, brick, stucco, masonry,
painting, steps, cornices, parapets, shutters, dormers, signage, awnings, and structural roof components
and such improvements shall be guided by the architectural rendering.
Interior side renovation proposals may be considered on a case-by-case basis.
The applicant will work with a contractor to define final selected improvements using the architectural
rendering as a guide. The architectural rendering with final selected improvements must be reviewed and
approved by the EDA and will be included in final Loan documentation. The improvements must be
completed in substantial conformity to the approved architectural rendering.
The cost of the building permit for the approved Loan project will be included in the final Loan amount.
CONSTRUCTION AND IMPROVEMENTS CODE COMPLIANCE
As applicable, buildings for which public funds will be used within this program are to be brought into
conformity with city ordinances and state building codes in effect for the area in which the building is
located. It is the intent of the Downtown Façade Improvement Loan Program to comply with the City’s
building standards for the Downtown/Central Community District (CCD). Please refer to the City’s
Downtown Small Area Plan and zoning ordinance for complete details as it relates to the standards
governing this program’s design guidelines.
TIMING OF PROJECT EXPENSES
MN190\101\941811.v1
No project may commence until the EDA has approved the Loan application and the Loan agreement. Any
costs incurred prior to execution of the Loan agreement are not eligible expenditures.
No building construction may commence until the required city permits are secured.
Loan disbursements shall be as provided for within the Loan agreement and shall be made directly to the
Applicant/owner’s contractor. The Loan agreement shall reference final contracts for improvements.
COMMUNICATION
Success of the project depends on the completeness of applications and good communication between
all parties. Applicants should feel free to reach out to EDA staff with any questions at any time.
PROCEDURAL GUIDELINES FOR APPLICATION AND APPROVAL
The applicant shall meet with city staff to obtain information about the Loan program, discuss the project,
and obtain application forms.
Prior to application, it is recommended that the applicant complete and submit a letter of interest to the
EDA. The letter of interest should provide a summary of desired façade improvements. As part of the
letter of interest review, the EDA may consider authorization of a façade rendering by the EDA’s
architectural consultant or may direct the applicant to proceed with a formal application including
preparation of rendering by their contractor(s)/architect. Once the applicant has obtained the rendering
and estimates, the applicant must submit a formal application to the EDA for review including the project
rendering and detailed estimates.
Applications will be received and reviewed on a first-come, first-served basis from the time of submission
of a complete application.
An inspection of the building may be required.
The EDA is a governmental entity and as such must provide public access to public data it receives. Data
deemed by Applicant to be nonpublic data under State law should be so designated or marked by
Applicant. See Minnesota Statutes, Section 13.591, Subd. 1 and 2. The formal Loan application will be
reviewed by EDA staff to determine if it conforms to all city policies and ordinances, and will be presented
to the EDA for formal approval, as follows:
1. Staff will complete a preliminary application review and may consult with the EDA’s Financial
Advisor and/or EDA Attorney in preparing a report for EDA consideration.
2. Staff will evaluate the project application in terms of the following:
a. Project Design - Evaluation of project design will include review of proposed activities,
project construction and renovation plans including architectural rendering and final
building elevations detailing selected improvements, timelines and capacity to implement
the project.
b. Financial Feasibility - Availability of funds, private investment, financial packaging and
cost effectiveness, and bid-quote submissions.
c. Evidence of applicant’s ability to meet the 5% cash requirements.
d. Letter of Commitment from other financing sources stating terms and conditions of their
participation in the project, if applicable.
e. All other information as required in the application and/or additional information as may
be requested by the EDA staff.
MN190\101\941811.v1
f. Project compliance with all applicable city codes and policies.
3. The EDA Commissioners will review each application in terms of:
a. Its consistency with the goals of the city’s Comprehensive Plan and Downtown Small Area
Study.
b. Whether it is desirable and in the best interests of the public to provide funding for the
project.
c. The project’s overall potential impact on the community’s economy.
4. The EDA Commissioners will approve or deny the application, or request a resubmission with
clarifications, at the EDA’s sole discretion.
APPROVAL OR DENIAL OF LOAN APPLICATION
The EDA, at its sole discretion, may deny any application on a case-by-case basis, taking into consideration
factors such as: consistency with the goals of the city’s Comprehensive Plan and Downtown Small Area
Study, the project’s overall impact on the community’s economy, and the above criteria.
LOAN POLICY REVIEW
The above criteria will be reviewed on an annual basis to ensure that the policies reflected in this
document are consistent with the economic development goals set forth by the city.
COMPLIANCE WITH BUSINESS SUBSIDY LAW
All developers/businesses receiving financial assistance from the City of Monticello EDA shall be subject
to the City’s Business Subsidy Policy as amended, and the provisions and requirements set forth under
Minnesota Statutes, Sections 116J.993 to 116J.995.
LOAN AGREEMENT
If the application for a Loan is approved, the applicant/property owner will be required to enter into a
Loan agreement to proceed. The Loan agreement will specify the terms and conditions of the Loan as
identified herein.
DISBURSEMENT OF LOAN FUNDS
Upon approval of a Loan application, applicants are required to provide executed contracts with qualified,
licensed contractors for work per the approved Loan plans. Contracts shall be consistent with the
procedures and requirements herein.
Loan funds will be disbursed to the contractor based on completion of work as outlined below. The City’s
Chief Building Official will verify completion of work. Upon verification of completion, payment will be
dispersed per contract amount for the work completed based on submitted invoice.
PROJECT CONTRACTOR PROCEDURES AND REQUIREMENTS
A. PARTICIPATING CONTRACTORS: All contractors participating in the Downtown Façade
Improvement Loan Program must have a contractor’s license on file with the Minnesota Department of
Labor and Industry. The contractors will be responsible for securing insurance of the amounts specified
on the application form. The application must contain proof of insurance coverage via a Certification of
Insurance Coverage, and the contractor's registration and license number and bond.
B. BID/QUOTE SOLICITATION: To participate in the Downtown Façade Improvement Loan Program,
the applicant must solicit bids or quotes from at least two vendors. An applicant is free to choose any
contractor, provided the license requirements are met and the cost differential in the quotes received
MN190\101\941811.v1
does not exceed 20%.
C. CONTRACTOR CONTRACT: The contract for work is between the property owner (applicant) and
the contractor. Each selected contractor will enter into a contract with the property owner. The contract
will outline the terms for completion of the rehabilitation on the project and will include the following:
1. Scope of Work
2. Project Start Date;
3. Project Completion Date;
4. General Conditions;
5. Building Elevations and Architectural Drawings;
6. Special Conditions;
7. Project Warranties;
8. Change Order Procedures;
9. Payment Terms;
10. Termination Procedures.
D. FAILURE TO START/COMPLETE PROJECT: Upon approval of the Loan agreement, the applicant
and selected contractor will have 180 calendar days in which to complete the contracted work. The 180-
day time period shall not be exceeded except through the issuance of a change order. Failure to complete
any work within 180 days will be grounds to terminate the Loan agreement.
E. PAYMENT PROCEDURES: All contractors will agree to the payment schedule, which is as follows:
1. Pre-payments for contracted services may be disbursed from an escrow account
established with the EDA’s specified agency. Such escrow account shall be administered
per the Loan agreement.
2. Lien waivers are required for all contractors and subcontractors before payment is made.
3. Final payment for work completed, including any retainage amounts, will be made after
work by a contractor is completed with verified receipts and costs incurred, the final
inspection has been conducted and the Chief Building Official, property owner, and
contractor have signed off on the work.
F. CHANGE ORDERS: Change orders to the approved Loan project require the approval of the EDA.
Change orders will be allowed only for the following reasons:
1. To rectify hidden deficiencies that are discovered once the work has begun.
2. To change a specification due to unforeseen difficulties arising after work has begun.
3. To address a deficiency that was inadvertently dropped from the project during project
packaging.
4. To change completion dates.
PROJECT COMPLETION
The City’s Chief Building Official will complete a final project inspection and issue a Certificate of
Completion verifying project completion per the approved Loan plans.
3.0 Scope
This policy applies to all projects that apply for and may receive assistance under the Façade Improvement
Program.
4.0
MN190\101\941811.v1
EXHIBIT A
Geographic Program Limits
Downtown Facade Improvement Grant Program Eligibility Area
MN190\101\941811.v1
EXHIBIT B
Permitted Fund Uses – Visual Reference
Primary Owner
TRICAMBRA HOLDINGS LLC
313 JACKSON AVE NW
ELK RIVER MN 55330
Seq Land Description Land Code Dim 1 Dim 2 Dim 3 Units UT
Unit
Price Adj 1 Adj 2 Adj 3
Eff
Rate Div %Value
1 DOWNTOWN I 155604 0 0 0 4,033.000 S 18.000 0.00 0.00 0.00 5.940 0.330 23,958
2 DOWNTOWN I 155604 0 0 0 4,033.000 S 18.000 0.00 0.00 0.00 12.061 0.670 48,642
3 BLACKTOP FAIR 008681 0 0 0 1,045.000 U 1.500 0.00 0.00 0.00 0.505 0.330 528
4 BLACKTOP FAIR 008681 0 0 0 1,045.000 U 1.500 0.00 0.00 0.00 1.026 0.670 1,072
Total 8,066.000 74,200
Building 1
Year Built 1910
Architecture N/A
Above Grade Living Area 0
Finished Basement Sqft 0
Construction Quality 04
Foundation Type CONC BLOCK
Frame Type (C) Concrete Frame
Size/Shape
Exterior Walls STUCCO
Windows N/A
Roof Structure SHED
Roof Cover N/A
Interior Walls DRYWALL
Floor Cover N/A
Heat N/A
Air Conditioning N/A
Bedrooms 0
Bathrooms N/A
Gross Building Area 2468
Summary
Parcel ID 155010035150
Property Address 154 BROADWAY W
MONTICELLO MN 55362
Sec/Twp/Rng 11-121-025
Brief Tax
Description
SECT-11 TWP-121 RANGE-025 ORIGINAL PLAT MONTICELLO
LOT-015 BLOCK-035 W24 1/2FT OF LT 15 BLK 35
(Note: Not to be used on legal documents)
Class 233 - 3A COMMERCIAL LAND AND BUILDING;209 - 4B1 RES 1-3
UNITS - PREV SSR
District (1101) CITY OF MONTICELLO-0882
School District 0882
(Note: Class refers to Assessor's Classification Used For Property Tax
Purposes)
Abstract/Torrens ABSTRACT
GIS Acres
Parcel: 155010035150
Acres: 0.09
Acres USAB: 0.09
Acres ROW:
Sq Ft: 4,033.04
Owner
Land
Buildings
Wright County, MN
Click here to view Taxation Information for this parcel
2025 Payable 2024 Payable 2023 Payable 2022 Payable
Estimated Market Value $325,300 $279,000 $229,100 $222,100
-Excluded Value $0 $0 $0 $0
-Homestead Exclusion $0 $0 $0 $0
=Taxable Market Value $325,300 $279,000 $229,100 $222,100
Net Taxes Due $5,403.08 $4,156.00 $3,270.54
+Special Assessments $2,856.92 $676.00 $1,775.46
=Total Taxes Due $8,260.00 $4,832.00 $5,046.00
%Change 70.94%-4.24% 0.00%
Click here to view Taxation Information for this parcel
Click here to view Taxes Paid for this parcel
Taxation (Internal Only)
Taxation
Taxes Paid
Photos
Sketches
EDA Agenda: 08/13/25
4B. Consideration of Review and Discussion of Integrated Marketing and Communications Plan
(IMCP) proposed Draft Strategies Goals and Priorities
Prepared by:
Economic Development Manager
Meeting Date:
09/10/25
☐ Regular Agenda Item
X Workshop Item
☐ Consent Agenda Item
Reviewed by:
Community Development Director,
Community & Economic Development
Coordinator, Park & Recreation Director
Approved by:
City Administrator
ACTION REQUESTED
No Motion – Information only about the Integrated Marketing and Communications Plan
(IMCP) Draft Strategies Goals and Priorities.
REFERENCE AND BACKGROUND
Staff will provide a brief update regarding the proposed Draft IMCP Strategies Goals and
Priorities. The IMCP was completed in 2022 by AE2S through funding provided by the
Community Energy Transition (CET) Grant. The IMCP is a comprehensive 93-page marketing
and communications plan. It was compiled through guidance from the Monticello 2040 +
Comprehensive Plan and through community surveys and feedback sessions with the goal of
identifying communication gaps and potential tools to better disseminate information about
the City’s economic development goals, efforts and accomplishments. It is an acknowledgment
that as a growing community with various needs, and efforts and projects in different stages of
progress, it is helpful to be transparent about those efforts and to promote the City’s
development opportunities and strengths to reach the goals and build on the successes.
In recent budget cycles, the EDA has authorized a marketing-advertising line item of between
$40,000 to $47,000. The amount in the recently approved 2026 CY EDA General Fund budget is
$54,000. This level of funding should allow the EDA to engage in a variety of marketing and
communication action strategies to effectively carry the message(s) that the EDA prefers
regarding the City’s development opportunities and advantages.
Staff plan to provide a very brief update to the EDA about progress in formulating the strategies
to implement the IMCP. The goal is to present more information to the EDA in a future
workshop and seek feedback to revise the action strategies as desired and then bring it to the
EDA in a regular meeting in the future for approval.
EDA Agenda: 08/13/25
I. Budget Impact: The cost of discussing and providing feedback on the IMCP action strategies
is minimal. If the EDA eventually approves various IMCP action strategies, there will be cost
considerations as the strategies are implemented. It is likely that much of that could be
incurred in 2026 and possibly in 2027. Each future annual budget cycle the EDA will also be
able to establish a marketing-advertising budget line item as needed to implement the
IMCP strategies.
II. Staff Workload Impact: City staff involved in the effort to present the IMCP Draft
implementation strategies goals and priorities for discussion and feedback with the EDA
includes the City Administrator, the Community Development Director, the Economic
Development Manager and the Marketing and Communications Coordinator.
III. Comprehensive Plan Impact: The Vision adopted as part of the Monticello 2040 + Plan
includes organized steps and plans to communicate the City’s economic development
efforts along with the opportunities and advantages to both an internal and external
audience.
STAFF RECOMMENDATION
No formal action is being sought from the EDA in this meeting. Staff’s purpose is to present the
IMCP strategies goals and priorities for discussion and feedback and make adjustments as desired
by the EDA. Staff intend to modify the draft strategies goals and priorities based on feedback
and re-present to the EDA for approval at a future meeting.
SUPPORTING DATA
N/A