EDA Meeting Minutes - 12/10/25MINUTES
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, December 10, 2025 — 6:00 p.m.
Academy Room, Monticello Community Center
Commissioners: President Steve Johnson, Vice President Jon Morphew, Treasurer Hali
Sittig, Rick Barger, Clint Berglof, Councilmember Tracy Hinz
Absent: Mayor Lloyd Hilgart
Staff: Executive Director Jim Thares, Tyler Bevier
1. General Business
A. Call to Order
President Steve Johnson called the regular meeting of the Monticello Economic
Development Authority to order at 6:02 p.m.
B. Roll Call (6:02 p.m.)
Mr. Johnson called the roll.
C. Consideration of Additional Agenda Items
None
2. Approval of Agenda
None
3. Consent Agenda
A. Consideration of Payment of Bills
B. Consideration of Approving October 8, 2025 Regular Meeting Minutes
C. Consideration of Approving October 22, 2025 Regular Meeting Minutes
D. Consideration of Approving November 12, 2025 Regular Meeting Minutes
HALI SITTIG MOVED TO APPROVE THE CONSENT AGENDA. RICK BARGER SECONDED THE
MOTION. MOTION CARRIED UNANIMOUSLY, 6-0.
4. Public Hearing
N/A
5. Regular Agenda
A. Consideration of Facade Forgivable Loan Program Overview Update
Community and Economic Development Coordinator Tyler Bevier provided an overview
and updates on the progress of the program, from its 2020 origin to pending application
in queue for 2026.
While no formal recommendation is offered by staff, the EDA may wish to direct next
EDA Regular Meeting Minutes — December 10, 2025
steps, financial contributions or policy changes regarding the facade funding program.
EDA discussion about the program target area and the general number of facade loans
that can be realistically completed (funding limitations) in a 12-month, or 24-month
time frame may help guide staff efforts in coming months.
Members discussed the graphs depicting valuation increase, a representation of the
program working well to enhance property value and the downtown appearance
overall. Members also favored the layout of the agenda data, noting its potential for
marketing materials; suggested for property valuation info be included.
Mr. Thares provided info to the 2026 proposal, noting the location as part of Block 35
and continued staff conversations. He also noted the block had not been targeted thus
far and encouraged the EDA to consider.
No action was taken on the item.
B. Consideration of Approving TIF District 1-43 Purchase Price Note payoff using pooled
TIF dollars from Affordable Housing TIF Districts 1-19, and 1-22 and 1-24
Mr. Thares provided background to the Purchase Price Note Payoff relating to TIF
District 1-43, Headwaters Develop ment-CHC, LLC twin home development project on
7th Street West. He explained the terms of the TIF Development Agreement and the
outstanding balance ($127,246 total purchase price) of the land sale from the EDA/City.
Mr. Thares said the EDA increment generated by new development in TIF 1-43 (and TIF
1-42) will be "pooled" to support potential future affordable housing development
projects.
Members discussed, for clarification, the funds restricted to affordable housing will be
placed into a general allocation fund; the incremental payments to follow will pool into
the EDA affordable housing fund.
RICK BARGER MOVED TO AUTHORIZE A PURCHASE PRICE NOTE PAYOFF RELATED TO
THE HEADWATERS-CHC, LLC TWIN HOME DEVELOPMENT IN TIF DISTRICT 1-43 UTILIZING
POOLED TIF DOLLARS FROM TIF DISTRICTS 1-19, 1-22 AND 1-24. HALI SITTIG SECONDED
THE MOTION. MOTION CARRIED UNANIMOUSLY, 6-0.
C. Consideration of Update of Proposed Senior Homeowner Rehabilitation Loan Program
Draft Policy
Mr. Thares provided reference points to the workshops held for the proposed senior
homeowner rehabilitation loan program, originating from the State grants for affordable
housing aid and ordinance established for a trust specific to said funds directed by the
EDA.
This item is meant as an update on the progress of the program. Action to be
determined by the EDA. City Staff's intent is to make the EDA aware of the Draft Policy
and bring it back to the EDA at a meeting in January or possibly February 2026 for
discussion and review.
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EDA Regular Meeting Minutes — December 10, 2025
Mr. Thares laid out the questions for consideration prior to the January 2026 meeting:
• Is the EDA interested in using all its SAHA funding for this purpose ($150,000 +/- at
this time; expecting this amount to increase by $25,000 +/-; by the end of 2026)?
Please reconfirm direction.
• Does the EDA have a geographic target area?
• Is the EDA interested in opening the program to all age categories in the affordability
requirement range with the intent of improving and maintaining housing stock and
providing options to other buyers/owners?
No action was taken on the item.
6. Other Business
A. Consideration of Economic Development Manager's Report
Mr. Thares provided reports on the following items:
• Wright and Sherburne County Enterprise Academy -December 4, 2025
Graduation attended by Mr. Thares; snacks and beverages compliments of the
Monticello EDA
• EDA Members Service Terms - 6-year staggered terms
No member terms set to expire on December 31, 2025
• December Planning Commission updates:
o Concept Workshop (joint with City Council) for Land Development
o Regular Meeting
o Upcoming joint workshop with City Council for Monticello Industrial
(Monticello Tech) Draft Alternative Urban Areawide Review (AUAR)
• Prospect List (as of 1210512025)
Mr. Thares noted the contact totals of the Prospect List, to date, should read
(month) M = 3 (year to date) YTD = 28.
No action was taken on the item.
7. Adjournment
TRACY HINZ MOVED TO ADJOURN THE REGULAR MEETING OF THE MONTICELLO EDA. HALI
SITTIG SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 6-0. MEETING
ADJOURNED AT 6:54 P.M.
Recorded by: Anne Mueller
Approved: January 14, 2026
ares, Executive Director of the Monticello EDA
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