EDA Meeting Minutes - 08/13/25 (Workshop)Commissioners:
Absent:
Staff:
1.Call to Order
MINUTES
WORKSHOP - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, August 13, 2025 - 4:15 p.m.
Academy Room, Monticello Community Center
President Steve Johnson, Treasurer Hali Sittig, Rick Barger, Clint Berglof,
Councilmember Tr acy Hinz, Mayor Lloyd Hilgart
Vice President Jon Morphew
Executive Director Jim Thares, Bob Ferguson
President Steve Johnson called the workshop meeting of the Monticello Economic
Development Authority to order at 4:22 p.m.
2.Roll Call
Mr. Johnson called the roll.
3.GMEF Loan Pre-Application Review -Best of Mexico (BOM)
Executive Director Jim Thares introduced the loan applicant, Jose De Leon, Best of Mexico.
He gave a summary of the business description-model, preparation of compacted spice
recipe "BOM" (bomb) balls, used as a flavorful crock-pot seasoning additive.
Mr. De Leon told the EDA about the BOM history and its intentions to expand. They have
operated out of the Monticello Community Center kitchen for a couple of years to satisfy
product demand. They continue to grow and need more food prep capacity. They would
also like to establish a small restaurant with the production facility. They recently made an
offer for 154 Broadway, the location of the former Cornerstone Cafe. They are waiting to
hear back from the sellers.
Mr. De Leon noted again that his best scenario would be to have a full-commercial kitchen
to serve as a three-in-one facility: to prepare and serve prepared dishes, and retail to sell
the spice product. He noted the success BOM had from its food· truck starting in June this
year. They serve twice a month at the municipal liquor store lot in the City and word-of
mouth promotions.
Mr. De Leon described his manufacturing process for production and certification required
for commercial use. It does not require a full commercial kitchen. Mr. Johnson asked Mr. De
Leon if he had a business plan .
Mr. De Leon said he did not have a business plan for this funding request. He said he would
be able to send follow up email for further review if that is required. Mr. Johnson asked if
there would be owner equity as part of the real estate purchase funding structure.