EDA Meeting Minutes - 11/12/25MINUTES
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, November 12, 2025 — 6:00 p.m.
Mississippi Room, Monticello Community Center
Commissioners Present: President Steve Johnson, Treasurer Hali Sittig, Rick Barger, Clint
Berglof, Mayor Lloyd Hilgart
Commissioners Absent: Vice President Jon Morphew, Councilmember Tracy Hinz
Staff Present: Executive Director Jim Thares, Community Development Director
Angela Schumann, 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 6:00 p.m.
B. Roll Call 6:00 p.m.
Mr. Johnson called the roll.
C. Consideration of Additional Agenda Items
None
2. Approval of Agenda
Mr. Johnson suggested considerations for A. and B. of Item 5. be combined and motions for
both will commence as one; Mr. Thares agreed.
3. Consent Agenda
A. Consideration of Payment of Bills
B. Consideration of Approving August 13, 2025, Workshop Minutes
C. Consideration of Approving September 10, 2025, Regular Meeting Minutes
HALI SITTIG MOVED TO APPROVE THE CONSENT AGENDA. RICK BARGER SECONDED THE
MOTION. MOTION CARRIED UNANIMOUSLY, 5-0.
4. Public Hearing
N/A
5. Regular Agenda
Discussion and consensus for Items 5A. and 5B. were combined:
A. Consideration of Resolution No. 2025-10 authorizing an amendment to Affordable
Housing TIF District 1-42 Amended and Restated Purchase and Development Contract
EDA Regular Meeting Minutes—11/12/2025
between the EDA and CHC Monticello II, LLC, designating up to 9 of 22 twin home
units in the development project as intended for age 55 + households
B. Consideration of Resolution No. 2025-11 authorizing an amendment to Affordable
Housing TIF District 1-43 Purchase and Development Contract between the EDA and
CHC Monticello, LLC allowing up to 9 of 60 units in the development project to be
rented without age restrictions (to under 55 + households) and adjusting the start and
endpoint timeline of the TIF District by one calendar year
Mr. Thares provided background to the proposed amendments which he noted were
previously discussed at the October 8 and October 22, 2025 regular EDA meetings. He
specifically pointed out the following:
TIF 1-42 (Phase Two)
The EDA is asked to authorize the proposed minor amendment to the Affordable
Housing TIF District 1-42 Development Contract wherein up to 9 of 22 twin home units
are to be designated as available for rent to age 55+ households.
TIF 1-43 (Phase One
The EDA is asked to approve the minor First Amendment to the Affordable Housing TIF
District 1-43 Purchase and Development Contract allowing up to 9 of the 60 units to be
rented to nonrestricted age households of all ages (general occupancy — GO).
Additionally, the proposed amendment adjusts the timeline of the TIF District by one full
calendar year to accommodate for Wright County's error resulting in missed increment
payments to the City in 2025. This aspect of the amendment is not optional and requires
affirmative EDA action to formalize it. Mr. Thares presented an illustration of the
proposed age designation changes for each TIF District. He summarized the key point
of the proposal by the developer, CHC Monticello II, LLC, as a way address the leasing
challenges.
Wes Butler, Executive Director of CHC Monticello II, LLC introduced himself and
recognized the efforts by EDA and staff to allow the considerations to be addressed. He
explained the rental application steps, turn -over and leasing requirements all of which
plays a role in the key goal of refinancing the development. He mentioned that as of
this date, 49 units are leased units, with 44 currently occupied. He also noted two
pending applications for general occupancy (currently designated 55+). The goal is to be
able to achieve stability over the next two years to complete the refinancing.
RICK BARGER MOVED TO ADOPT RESOLUTION NO. 2025-10 AUTHORIZING AN
AMENDMENT TO AFFORDABLE HOUSING TIF DISTRICT 1-42 AMENDED AND RESTATED
PURCHASE AND DEVELOPMENT CONTRACT BETWEEN THE EDA AND CHC MONTICELLO
II, LLC, DESIGNATING UP TO 9 OF 22 TWIN HOME UNITS IN THE DEVELOPMENT PROJECT
AS INTENDED FOR AGE 55 + HOUSEHOLDS. CLINT BERGLOF SECONDED THE MOTION.
MOTION CARRIED UNANIMOUSLY, 5-0.
EDA Regular Meeting Minutes—11/12/2025
RICK BARGER MOVED TO ADOPT RESOLUTION NO. 2025-11 AUTHORIZING AN
AMENDMENT TO AFFORDABLE HOUSING TIF DISTRICT 1-43 PURCHASE AND
DEVELOPMENT CONTRACT BETWEEN THE EDA AND CHC MONTICELLO, LLC ALLOWING
UP TO 9 OF 60 UNITS IN THE DEVELOPMENT PROJECT TO BE RENTED WITHOUT AGE
RESTRICTIONS (TO UNDER 55 + HOUSEHOLDS) AND ADJUSTING THE START AND
ENDPOINT TIMELINE OF THE TIF DISTRICT BY ONE CALENDAR YEAR. HALI SITTIG
SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 5-0.
6. Other Business
Economic Development Manager's Report
Mr. Thares provided an update about the Business Retention & Expansion (BR&E) visits
completed in 2025. The most recent was with Pedigo Bikes. Efforts are under way to
schedule one more in 2025. He informed the EDA on the Downtown Rounds (11-18-25),
provided updates on the November Planning Commission meeting and workshops as
well as the local sales tax and development prospects.
No action was taken on the item.
7. Adjournment
CLINT BERGLOF MOVED TO ADJOURN THE NOVEMBER 11, 20251 EDA MEETING. HALI SITTIG
SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 5-0. THE MEETING
ADJOURNED AT 6:29 P.M. AND ENTERED INTO A CLOSED MEETING TO DISCUSS THE
AGENDA ITEM BELOW.
Closed Session - Consideration of adjourning to Develop or Consider Offers or Counteroffers
for the Purchase or Sale of Real or Personal Property Pursuant to Minnesota Statute 13D.05,
Subdivision 3(c)(3)
PID: 155-010-035070 (0.14 acres / 5,927.74 sq. ft.)
Address: 108 Broadway W
Recorded By: Anne Mueller?��%'
Date Approved: December 10, 2025
JiVtfThJ(es, Executive Director of the Monticello EDA
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