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HRA Agenda 01-05-2000 . . . AGENDA MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY Wednesday, January 5, AiI;l:>7:00 p.m. City Hall- 505 Walnut Street - Council Chambers MEMBERS: Chair Bob Murray, Vice Chair Damn Lahr, Brad Barger, Steve Andrews, and Dan Frie. COUNCIL LIAISON: Brian Stumpf OFFICERS: Treasurer Rick Wolfsteller, Executive Director Ollie Koropchak, and Recorder Lori Kraemer. GUESTS: Mark Ruff, Ehlers & Associates, Inc. Steve Bubul, Kennedy & Graven Don Roberts, Sunny Fresh Foods, Inc. 1. Call to Order. 2. Consideration to approve the December 1, 1999 HRA Minutes. 3. Consideration of adding agenda items. 4. Consent Agenda. A. Consideration to recommend to City Council a commissioner for annual appointment. 5. Consideration of items removed from the consent agenda for discussion. 6, Consideration to hear and approve a concept for use ofTlF assistance for public and site improvements associated with the Sunny Fresh Foods expansion. 7. Consideration to adopt a resolution providing for the Sale of$7,555,000 Public Project Revenue Bonds, Series 2000A. 8. Consideration to adopt a resolution modifYing various budgets ofTIF Districts and modifYing the Redevelopment Plan of Central Monticello Redevelopment Project No.1. 9. Consideration to adopt a resolution approving a modified Redevelopment Plan for Central Monticello Redevelopment Project No.1 and a modified TI Plan for TIF District No. 1- 22. 10. Consideration to transfer surplus tax increment from TlF District Nos. 1-8, 1-9, 1-10, I- ll, and 1-16 to TIF District No 1-7. . . . 11. Consideration to adopt resolutions for decertification ofTIF District No. 1-9, No. 1-10, No.1-II, and No. 1-16. 12. Consideration to authorize entering into a House Lease for 3 Walnut Street between the HRA and Brandon Link effective February 1,2000. 13. Consideration to authorize payment of the monthly HRA bills. 14. Consideration of Executive Director's Report. 15. Consideration of Committee Reports: a) City Council- Brian Stumpf b) MCP - Steve Andrews c) Marketing - Damn Lahr/Brad Barger 16. Other Business. 17. Adjournment. . . . HRA Minutes - 12/01/99 MINUTES MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY Wednesday, December 1, 1999 - 7:00 p.m. City Hall Members Present: Chair Bob Murray, Dan Frie, Brad Barger, Darrin Lahr and Steve Andrews Absent: Council Liaison Brian Stumpf Staff Present: Executive Director Ollie Koropchak and Lori Kraemer 1. Call to Order. Chair Bob Murray called the meeting to order at 7:00 p.m. 2. Consideration to approve the October 6. 1999 HRA minutes. A MOTION WAS MADE BY DAN FRIE AND SECONDED BY STEVE ANDREWS TO APPROVE THE MINUTES, AS WRITTEN, OF THE HRA MEETING ON OCTOBER 6, 1999. Motion carried. 3. Consideration of addinll allenda items. Ollie Koropchak added further information to the Executive Director's report. 4. Consent Agenda: None 5. Consideration of items removed from the consent agenda for discussion. N/A 6. Consideration to terminate house lease. to authorize advertisinll for lease. and to increase monthly rent for the house located at 3 Walnut Street. The HRA members were asked to consider terminating the house lease with Tammy Hacker effective December 9, 1999, which is 30 days after the date of Ms. Hacker's letter. Ollie Koropchak also asked the members to inspect the house and consider the $500 damage security deposit from Sherburne County. Koropchak also noted an application form was mailed to Ms. Hacker to forward on to an interested party, but until this application is completed and returned, the HRA should consider advertising or exercising its contract for deed for possible future demolition, or to sell the house for relocation. Koropchak also noted that the rent should possibly be increased to $650. Koropchak noted the amount still owing is $1,005.00 and Tammy did not 1 . . . HRA Minutes - 12/01/99 respond to Ollie Koropchak's letter of 11/22/99. Ms. Hacker was invited to the HRA meeting but was not present. The HRA members were in agreement with terminating her lease as of 12/09/99. Chair Murray asked if Koropchak could request the name of the interested party when notifying Ms. Hacker of the HRA decision to terminate her lease. The members would like to advertise in January. A MOTION WAS MADE BY BRAD BARGER AND SECONDED BY DAN FRIE TO TERMINATE 3 WALNUT STREET HOUSE LEASE WITH TAMMY HACKER EFFECTIVE DECEMBER 9, 1999. Motion carried. A MOTION WAS MADE BY BRAD BARGER AND SECONDED BY DAN FRIE TO AUTHORIZE ADVERTISING TO LEASE THE HOUSE LOCATED AT 3 WALNUT STREET EFFECTIVE FEBRUARY 1, 2000. Motion carried. A MOTION WAS MADE BY BRAD BARGER AND SECONDED BY DAN FRIE TO INCREASE THE MONTHLY RENT FOR THE 3 WALNUT STREET PROPERTY TO $650. Motion carried. 7. Consideration to authorize waiving the date for completion of the minimum improvements relative to the Contract for Private Redevelopment between the St. Cloud Hospital and the HRA. Ollie Koropchak advised the members that due to a delay in the delivery of construction materials and the lack of construction workers, the independent 60-unit senior housing project fell behind the construction schedule and in order to avoid a default of the Contract, the HRA is asked to waive the completion date. Koropchak also noted that waiving the completion date would have no impact on the HRA as the finance method is a pay-as-you-go method. The Redeveloper would be reimbursed in an amount not to exceed $440,000 for public improvements in semi-annual payments commencing August 1,2001 and concluding February 1,2026. An interest rate 01'7.5% to accrue from the date of certificate of completion and semi-annual payment from "Available Tax Increment" meaning 90%. Koropchak also noted the project is expected to be completed by March but perhaps it would be best to waive the completion date to June 30, 2000 to allow ample time. A MOTION WAS MADE BY BRAD BARGER AND SECONDED BY STEVE ANDREWS TO AUTHORIZE WAIVING THE DATE FOR COMPLETION OF THE MINIMUM IMPROVEMENTS FROM DECEMBER 31, 1999, TO JUNE 30,2000, WITH THE CONTRACT FOR PRIVATE REDEVELOPMENT BETWEEN THE ST. CLOUD HOSPITAL AND THE HRA. Motion carried. 2 . . . HRA Minutes - 12/01/99 8. Consideration to authorize pavment of the monthlv HRA bills. A MOTION WAS MADE BY DAN FRIE AND SECONDED BY STEVE ANDREWS TO AUTHORIZE THE PAYMENT OF THE MONTHLY HRA BILLS. Motion carried. 9. Consideration of the Executive Director's Report. a) Midwest Graphics: Koropchak provided a letter requesting reimbursement of HRA expenditures associated with amending the Private Redevelopment Contract per the request of Steve Krenz. She has not heard back yet. b) Systematic Refrigeration, Inc.: Provided a letter stating their decision not to locate in Monticello. c) TIF District No. 1-21: As of 11/22/99, the second half of 1999 property taxes due on 10/15/99 were not paid by T.J. Martin, Inc. They will be notitied by mail and advised that the HRA will consider at their January meeting to employ an attorney to declare default of the contract, both on delinquent taxes and deficiency of tax increment. d) TIF District No. 1-20: Koropchak provided a copy of a letter to be mailed 12/2/99 notifying the Redeveloper of the action taken by HRA. A MOTION WAS MADE BY STEVE ANDREWS AND SECONDED BY BRAD BARGER TO WAIVE THE COMPLETION OF THE TWO ADDITIONAL FOURPLEX TOWNHOUSE UNITS FROM DECEMBER 31,1999 TO DECEMBER 31,2000. Motion carried. e) TIF District No. 1-17: Koropchak stated she would be mailing a letter 12/2/99 relating the need to submit evidence of payment for site improvements completed. The HRA approved the Certificate of Completion for the 20,000 sq. ft. addition on 2111198. The HRA agreed to TIF assistance in the amount of $50,000 pay-as-you- go. This will be the second letter from the HRA. t) TIF District No. 1-25: Koropchak will mail a letter on 12/2/99 regarding the date the interest will start to accrue and enclosing the reimbursement check of $1,784.16, the difference between the $5,000 deposit and the actual amount incurred for administration expenses. Koropchak advised the members that Mark Ruff will be attending the January meeting to update them on the Community Center Bonds as well as the TIF districts. The members also discussed the North Anchor district and Koropchak advised that nothing is being done at the moment in this district. 10. Consideration of Committee Reports a) City Council - Brian Stumpf - Brian was absent from the HRA meeting. 3 . . . HRA Minutes - 12/01/99 b) Community Center - Bob Murray - Terrazzo is appox. 75% complete and carpet is starting in the City Hall area as well as glazing. A settlement was proposed on brick problem on the southwest side of the building., City will not take less than $10,000 and a 10 year guarantee. They received an offer of $5,000 from the brick company which they rejected, Donlar has not participated. Pool will not be done on time and the City is not willing to pay the submitted overtime. There were four more change orders. City initiated, that will not cost more money. Sunny Fresh is putting in an addition across the RR tracks (17,000 sq ft). General opening will be 1/21/2000; City Hall will be the lyh. MCP - Steve Andrews - Steve was not at the MCP meeting, but Koropchak provided some information. MCP talked about adding another member to their board. Sunny Fresh brought in design plans to OAT for review. DA T is also looking at approx 3 buildings in the downtown area for facade improvements, no progress yet. MCP looked over budget and discussed some holiday plans. c) d) Steve Andrews asked about some materials being stored on HRA property by Skipper Pools and if they had been moved. The HRA did give them a temporary okay to display materials, but not through the winter. Steve was concerned with the aesthetics. Koropchak to check. Marketing - Darrin Lahr/Brad Barger - Marketing Group met and talked about development of a trade booth for future events. This is on hold at this time until Marketing gets a better handle on what the City is marketing at this time. Koropchak to go ahead with phone calls. Brad Barger also stated that the Marketing Committee would like the issue of Charlie Pfeffer's land come back to the IDC. They will be doing a comparison on 3 properties and will talk with City Engineer Bret Weiss. 11. Other Business. None 12. Adjournment. A MOTION WAS MADE BY DARRIN LAHR AND SECONDED BY STEVE ANDREWS TO ADJOURN THE MEETING AT 8:00 PM. Motion carried. Chair Bob Murray Recording Secretary, Lori Kraemer 4 . . . 4A. lIRA Agenda - 1/05/00 Consideration to recommend to City Council a commissioner for annual appointment. A. REFERENCE AND BACKGROUND: HRA commissioners are appointed each year by the Mayor and City Council at the first Council meeting held in January. The five-year term seat held by Commissioner Brad Barger expires December 31, 1999. Brad Barger has agreed to serve another five-year term, the HRA may want to endorse Mr. Frie's appointment. On January 10, the Mayor and Council will consider appointing commission members including Brad Barger. After Council appointment in January, the following is a list of the HRA commissioners' terms. Darrin Lahr Bob Murray Steve Andrews Dan Frie Brad Barger December 2000 December 200 1 December 2002 December 2003 December 2004 It is suggested the HRA make a motion recommending the City Council appoint Brad Barger for a five-year HRA term, expiration date of December, 2004. Page 1 . . . HRA Agenda - 1/05/00 6. Consideration to hear and apProve a concept for use of TIF assistance for public and site improvements associated with the Sunny Fresh Foods expansion. Information to be provided at meeting. I . . . HRA Agenda - 1/05/00 7. Consideration to adopt a resolution providing for the Sale of$7.555.000 Public Proiect Revenue Bonds. Series 2000A. A. Reference and Background: Attached is a copy of the resolution for adoption by the lIRA determining it necessary to issue the Authority's Bonds to finance the Community Center through the refinancing of the Temporary Bonds. Also attached is a copy ofthe Bond Sale Report and resolution for adoption by the City Council. All documents prepared by Ehlers and Associates. Mark Ruff of Ehlers and Associates, Inc. will be present to recap the documents and answer any questions. B. Alternative Action: 1. A motion to adopt a resolution providing for the Sale of $7,555,000 Public Project Revenue Bonds, Series 2000A. 2. A motion to deny adoption ofa resolution providing for the Sale of$7,555,000 Public Project Revenue Bonds, Series 2000A. 3. A motion to table any action. C. Recommendation. Based on the information provided and for consistency and follow-through of the 1998 temporary bond approval by the HRA, the recommendation is Alternative NO.1. D. Supporting Data: HRA resolution, Bond Sale Report, and Council resolution. 1 . . . JAN. 3.2000 2:13PM EHLERS & ASSOC. NO. 7902 P. 2 Resolution No, Resolution ProvidiDI for the Sale of 57,555,000 Public Project Revenue BODds. Series 2000A WHEREAS, tbe Board of Commissioners of tho MondOClllo Housing and Redevelopment ALlthority. Minnesota, has her.toforo detennincd that it is neoessary and expedient to issue 'the Authority's $7,555,000 Public: Project Revenue Bonds, Series 2000A (the "Bonds"), to finance the Community Center through the refinancing of the $7,385,000 Temporary Public Project Revenue Bonds. Series 1998;and WlilR,EAS, rh. Ati'borit;Y haa dllia;nawd !hl.r." A'iooiatel, Inc., in .lo..villo, MiM'I01& ("ihlorth), II h.ind.,.n.."1 finlllGlal acIviiQr .ncl i. th,,,fOrt &ulhori..d to ,oU.h propo..J. In .,Qordt.l\oe with Minn..oCl. $'&&Iti"., SOotiotl47!,60, SubclM.ion 2('); NOW, THSRUO:G, :as IT kBSOLVEO by'th. Bovd otCommi..ion.r. Qt'the Monticlllo Houainll.nd a.development Authority u follows: 1. Al.lthorintion: Findines. The Board of Commissioners herebyauChorizes Ehlers to .olicit proposals for the sale of the Bonds. 2. Meeting: Proposal Openin2_ The Board of Commissioners shall meet at the time and place to be specified in the Tenns of Proposal for the purpose of considering sealed proposaJs for, and awarding the sale ofIb, Bonds, Tho ExecutivCl Director, or deSisnee, shaJJ open proposals at the time and pllce to be specified in such T.nn. of Prope.aI. J. J"etmi Q(Pro~4_I, m. ttrrn. and oonditlon. olth. Bond. Ind tho ..1, th.l'fOt~ tull>, ..t fdtth il'l the Sond Sale !Upon and ate herlby Ipptoved and made .. P'" her'Qt. 4. Official Sta~p~ent. In connection with said sal., the officers Or employees of the Authority are hereby authori~od to cooperalt with Shl.t. and panioipato in the prtpl1ltion of &n offiel.l ltatement for the Bond. iI1d to execute and deliver it on behalf of tho Authority upon it. completion. Dated: January 5. 2000 ATTEST Chair EXIQutivo DirlOtor JAN. 3. 2000 2: 13PM EHLERS & ASSOC. NO, 7902 p, 3 . BOND SALE REPORT $1,555,000 Public Project Revenue BondS, Serl.s 2000A Housln. and Redevelopment AuthoritY City of Monticello, Minnesota . January 5, 2000 . e ~'~'~I~'~I~ LfADU'IN ~unlC "HANel t JAN. 3.2000 2: 14PM EHLERS & ASSOC. NO. 7902 P. 4 . 80"d Stll~ R~l>rI OVERVIEW This repon describes the proposed plan for the Monticello Housin, and Redevolopment Authority (the "HRA" or the "Authority") to iltsue $7,555,000 Public Projec:t Revenue Bonds, Series 2000A. This report has been prepared by Ehlers & Associate!j;, in consultation with Authority Staff And bone! caUD.leI. Thi. report dea1. with: .. Purpose and componentS of bond i.au.. · Structure. · Other considerations in issuing bonds. · Market conditions. · Issuing process. . PURPOSE The $7,555,000 Public Project Revenue Bonde;. Series 2000A (the "Bonds") are being issued pursuant to Minnesota Sta~utes, Chapters 47S and 469. The Bonds are being issued to provide ptrmc.nt financin, for the Monticello Community Conter. In It98. lb. JiM il~\A.d tho 57,385,000 Temporary Pt.abUc Proj.ct R..vcOn",e SondJ to provia. tuno. tot ~h. Gon.wQu<>n ofth. t&GUiCYI COrA.ttucCior\ wlU bl cOMpl.~cl And tho t",mty oooupi.d by eb. .n' fJt J~I.lAl')'j ~OOO, Tbe 1998 :8on& ate eligible for call and redemption on Pebruuy 1, 2000 and on any date thereafter. The proposed finance plan consists of the following sources and uses of funds: SOURCES Par Amount of Bonds Up-Pront Revenue $7.555,000 o USES 199~ Bonds Costs of IS5u.ance Discount Capit..U..d InterolC $7,385,000 41,600 1,8,400 o o Total Sources $7,~SS.OOO -- JI $7,5551000 Tow Uses . Page 1 . . . JAN. 3.2000 2:14PM EHLERS & ASSOC. NO. 7902 P. 5 ~. -',. STRUCTURE AND REPAYMENT ''l''. S,I, Arp;" The Bonds are issued by the Housing and Redevelopment Authority under the authority of Minnesota Statutes, Chapter 469. Revenues to pay debt service comes from a lease purchase agreement between the HRA and the City pursuant to Minnesota Statutes. Section 465.71. Lease payments made by the City wtll be sufficient to pay all principal and interest on the Bonds when due. The Botlds are not general obligations of the City Q)d 1101 Qackcd by its full fa,ith, CttcUl and unlimited taxin, power. to ropaym..nt. Under Stat. Law, cho City mu.t U\nually appropriate funds for the lease payment. The City anticipates that money to pay debt service will come from general property taxes The City has included a propeny taxes levy for the lease payment for taxes payable in 2000. The Bonds have been structured around existinj and projected future ptoporty tax supported dobt. The preliminary projection of dobC a.tvice and reVenues tor the Donds appear, in Anachincftt 1. This anal)'$i. relies on the followina UIUJft'1I>'Uon.: Connection charges or other revenues defray a portion of WWTF debt. Liquor store net revenues used to cover operating shortfalls at Community Center and not to suppon debt. $3,978,000 in new tax supported debt over next four y~s. . . . 2,500,000 2,000,000 ! 1,500,000 ~ I- ~ ~ 1,000,000 ll.. 500,000 Projected Debt Levies ~ '''''' "" ~ ... "'" " ... ,....,. "l" [J Future . ThIs Issue . Existina - , I Paso 2 . . . JAN, 3,2000 2: 14PM EHLERS & ASSOC, NO, 7902 p, 6 Bond $fJ/.1J..pDrt The Bonds will be sold February 2. 2000 and be dated March 1. 2000. The first interest payment on the Bonds will be August 1.2000, and semiannually thereafter on February I and August 1. Principal on the Bonds will be due on February 1 in the yeats 2001 through 2015. We recommend that Bonds matunn2 in the years 2011 through 2015 be subject to prepayment at the discretion of the Authority on Fobruary 1.2010 and any date thereafter. . J '1 '. OTHER CONSIDERATIONS Bank Qualified Bonds We anticipate th_t the City (in combinatioJ;l with ~ny subordinate taxina juris4,iCtiODS or debt i..u.d.I' 1M Clt)". name by .501(0)3 Clorpor",*ion.) will not 1..\1. more tban. locll of 510,000,000 in ,ax"'J('mpt ~DC 4wtAIUM- ttJ'''4IU' y..r, 11\1. will tllt\\' lb. 1....4. .. it ..ipMld. " ..,.. ftUJlljI,., law qut.UtlW ACMUI bt6w.n. Ch. marK" .., ithi",..loW.i inUl"" tali.. 1&li {&Sue c:onstitUtell a "current refunding" atid only tho amount ol the Bo~4a exceedirlg the outstanding 1998 Bonds ($170,000) applies to the $10,000,000 limit. Arbitrage The Bonds will be exempt from arbitrage rebate by spending the proceeds within 24 months. Only the amount of the Bonds exceeding the o\,ltstandinl1998 Bonds ($170,000) applies to the $5.000,000 calendar year small issuer exemption from arbitrage rebate. This status should allow the 2000 Improvemtnt Bonds to be eligible for the small issuer exemption. This exemption from rebate does not eliminate the need to comply with other a:rbitra~e relUlations lov.mini me igvestment of bond proceeds md. debt service fundi. thIS' requirements wm be explained in the bond r.cord book N1cei\'.d following Clo.ina. Global Book Entry The Bonds will be global book enlry. As "paper less" bonds, you will avoid the costs of bond printing and annual registrar charges. The Authority will designate a Paying Apnt for the issue. The Paying Agent will invoice you for the interest semi-annually and on an annual basis for the principal coming due. You will be charged only for payin, agent/transfer alent services provided by the bank. Rating Moody's Investors Service will be asked to rate this issue. The City currently has a rating of "A3" on its outstandini general obligation bonds. In 1998, Moody's rated tbe proposed 10ng- term bonds for the Community Center at IIBu!". This rating did not apply after the issue was converted [0 temporaxy bonds. We will work with Staff to make effective presentations [0 rating analysts and to maintain these ratings. We will also seek to qUalifY the Bonds for bond insurance that can be purchased at the option of the bidder/jove'tor. Paie 3 . . . JAN. 3.2000 2:14PM EHLERS & ASSOC, NO, 7902 p, 7 B~nd Sal. RlfJort Continulni Oi.closure Rcaulations of the Sec:Uritieli and :Sxchanae Com:tnisliion on lb. continuing disclolure of munioipal securitie, apply to long..term. sccuriaei with an *ilP'Osate principal amOunt of $1.000,000 or more. Since the aggregate amount of each of the issues for the hnprovcment Bonds and the Revenue Bonds is over $1.000,000 and the City has more than $10,000.000 in total municipal obligations outStanding, you will be obligated to comply with Full Continuing Disclosure requirements for each issue as required by paragraph (b)(S) of Rule 15c2,,12 promulgated by the Securities and Exchan,e Commission under the Securitiea Exchanp Act of 1934. You will be required. to prQvid.o certain fmancial information and operaCin, data relltin, to mo City annually and to provid. notig" of the OCc'U.trenCi' of certain In&~rjN evontl. Tbo .ptcific; n.cur. of tho ll'tul.rt-.kin.. " well .. tbe in{CttI'laUOD to bt eont~t4 in the ftoti~.. of material .vtnca will be .et forth in the ContiDuins Di"c!osure Certifioate that you will ontor into at the time of ~losini for each iiluc. You arc responsible for reporting any of th6 rnaterial events listed below and in tho l1ndertakin.. 1. Principal and interest payment delinquencies; 2. Non"payment related defaults: 3. Unscheduled draws on debt service reserves reflecting fInancial diftIculties; 4. Unscheduled draws on credit enhancements reflecting financial difficulties; 5. Substitution of credit of liquidity providers, or their failure to pedonn: 6. Adverse tax opinions or events affectin. the lax~e"ompt stAtUI of the iocurities; 7. Modifioa.tion to ti,hu of holders of tbe Securities: 8. Securities c61la; 9. Defeasance$: 10. Release, substitution or sale of property securing repayment of the Securities: 11. Rating c:hanges: 12. Failure to provide annual fmancial information u required; and 13. Other material events. - MARKET CONDITIONS 1999 was a year of change in the tax-exempt bond market. In February, the Bond Buyer's 20- Year G.O. Index (BBn dipped below 5.00%. From that point. rates began a steady climb. The BDI ended 1999 at 6.00%. PAle. JAN. 3.2000 2:15PM EHLERS & ASSOC. NO. 7902 P. 8 . Blllld Stat" R"port .- ~ .....-- ~-~ &~ -~.. ~ ~~. _, ~ ~ - 11<-. ~O..V..r G.O. lond Buy.r', Ind.x 8.00% i-.... 'I"'.. ../iltr/.J"~""I"""""t/' _;,.~~~I~V".-"'''_.''', \. "'\~"'II' '" ""'11"'\111..... .'\~"'-f"'''''~~Il.:''..II't.t'I..' 8.00% ' 7.50% 1.00% 6.50% 6.00% 5.50% The prospects for 2000 are unclear ar this point. The bond market has been inactive in recent weeks due to year..end and Y2K factors. Without bond sales, it is difficult to assess rate trends. Typically, market demand for bonds drives down interest rates. The extent and duration of this effoct in 2000 remains to be seen. The potential for additional interest rates increases by the Federal Reaerve remains on the borizon. ISSUING PROCESS Following is a tentative schedule for the steps in the issuing process. January 5, 2000 HRA reviews Bond Sale Report and adopts resolution calling for the sale of Bonds City Council reviews Bond Sale Report and calls for the sale of bonds . January 10 Page 5 . . . JAN. 3.2000 2:15PM EHLERS & ASSOC. Week of January 17 January 21 Week ot January 24 f.bruary 2 M..rc:h 3, ~ - N;\MlllliliiUlIMQlIlIotllt'.1000 ."uIJ'ftaIlrI'iM,Wpll BDnd Sal. RcpDn NO. 7902 P. 9 Submit draft Official Statement and rating materials to Moody's Investors Service for credit tatina Distribute Official Statement Receive credit ratinl Bond sale Bond closini (.stimar.d) Page 6 JAN. 3.2000 2: 15PM EHLERS & ASSOC. NO. 7902 P. 10 - '" . No:oor=::;:Olnor;)L!'Ii!)55i3' .. iii jJ N\D.........."'NN~m'"""~ov '0 ~~~l:2"'.o--=.v'"':.v_= ......_"":. ~ .....q-r---.. ....II" I""""'IfII"'III fS...,n...... N"::: - - 00 8 ~ .n ~~ininnn~~ =. -J 1~~I.lii~llllt h~ $("') <"IN; !!' ~1'f'liJ'j ..-11...-11 .................... ~...........R~ _NMC'1M....,.,I')"'I"tI<l"1 .... .. UI 31 F=::'-,.....--.......",.,...-..-.----..... q-...-ca~c:nO'......lQ....IIIIIII'"""'\O ",.,. " :8 ~ <.0 ;; " :g .... ;Z q = 0::0 VN"CI).... 0 .... "... ~N Ii ~ ~ m g ~ g g g g lij-!"r;f:!! ~~ ......fI""""II_~_r"""'II.........lI""'IoIIIIIIIIW"'IIINNN ...........-.......--.....---"'-"''"-'.......-- n iUii;;; I~e ~ g~n u i~~~ .~~~~~~~~~ ......,..IIIIliIIj...........-..........~.... III nuununu .... ................. ~ .. ~~ ~ .: ; ~~ .!!I i % I <'3 ~ .... .. 0 ~ iC i ~SilSil:l:~SS~~8a8888 .... N :J~' ~- ~-~. ~.~~. ~-~ lrt ~ I! ~ ! I ~....~~~.......~<ltNN~ 8 .~ j I ~..,. ...o$i ~l;l~...._-!.!__ S .......... f""'I.......... ~ P~i N~~~~~:?:5il~888888 .... I&~H~~~~~.UU~~ i ~I~ ~i g I....M.....~....,..,~cn~N""~I018 ~. ~hH I I ;;;...~:::;~~ ~~-= ., j I~~~~~~~~!~~~~I~ f )lunnnUIUI I III !un I ,... 1 ~ .... l'lI .r '2 i_Nm........Q.....l2g:o_Nm.../rJ i~ ~ Cl. eg g.g ....::::..........::::.~t: ... Ji! ~_~!3__..........-i~~...............~ t::. ..r ~ :i5 N"..d';jC\1N-C\1NNN c:;;rC:;;C:;;N-N-g ~ i:!! - .1l 0 ~ S '" 8'1;; '" . .:z:: Cl. I- 0 - 8. 8 c;; i I ~! ~~S'l;;1i ~ ! ifj j . II! ] i! i ~ I.l..I . . . JAN, 3.2000 2:15PM EHLERS & ASSOC. NO. 7902 P. 11 Bond Sale Report ATTACHMENT 2 TERMS AND CONDITIONS OF ISSUE $1,'55,000 Public ProJect aeveD'II' 8on., Serl.. ZOOOA. J)A tE: ISSUER: BOND NAME: BOND ATTORNEY: Pt1ltPOSEI - ......:. -.'. ...... ....-..... .'- Sale Date: itc, CI,.'n, J)'tti '-top..ai O.,enln.. Proposal A ward: Bonds Dated: Maturity: T.rm BODa OptiODl Pint llterat: Call Feature: January 19.2000 Monticello Housing and Redevelopment Authority. Minnesota $7,555,000 Public Project Revenue Bonds. Series 2000A Kennedy & Graven.. Steve Bubul Provid. permanent linanoin, for the Comm\lnity Cent.r by ~efinp.ncin, ~hc 1998 Temporary Publio, ~roject R~v~nue }.<?nds _ .-~ Februaxy 2, 2000 Marob 3, 2,000 _ a,m., officI ot !hIll" " AI.ociAI"1 IrtG. 5:30 p.m. City CounciJJ7:00 p.m. HRA March 1. 2000 February 1 2001 ., 2015 All dates are inclusive. Bids for the bonds may contain a maturity schedule providing for any combination of serial bonds and term bonds. subject to mandatory redemption, so long as the amounts of principal maturing or subject to mandatory redemption in eaoh year conforms to the maturity schedule set forth above. Au,un 1.2000. lQtcrest will be computed on tho basis of a 36o..day year of twelve 30..day months and. will bf rounded pursuant to rules of the MSRB. Bonds maturing in the years 2011 through 2015 will be subject to redemption prior to final maturity on February 1.2010 and on any date thereafter. Notice of such call sball be given by mailing a notice thereof by registered or certified mail at least thirty (30) days prior to the date fixed tor redemption to the registered owner of each bond to be redeemed at the address shown on the registration books. . . . JAN. 3.2000 2:15PM EHLERS & ASSOC. NO. 7902 P. 12 Minimum Proposal: Good raUh: R<<ord Date: CUSIP Numbers: ~.yin, Alent: B..k InP')'1 Financial Advisor: # OIS to Purchaser: Rating Requested: Qualified Tax-Exempt ObliaatloDI: COQtlnwD8 Disclosure: Nl\MIIII~O~\MO" Ilclllo\2.000 BOIl<!l\Pl'uala..ItA. "'pll Bond S"ft: Report $7,426.600 $151,100, payabl. ~o th.Iu....r (Caahiera or Ctrtified Good Faim Cheok ~ wit. tz'anlf.r of t'u.nd. \Q Ehl.r. GOQd Faith :&aotow QI: f'int\ll.oia.l iw.ty bond. Close of business on the 15th day (whether or not a business day) of the immediately preceding month. The Issuer will assume no obligation for the assignment Or printing of CUSIP numbers on the Bonds or for the correctness of any numbers printed thereon. but will permit such numbers to be printed at the expense of the purchaser, if the purchaser waives any delay in delivery occasioned thereby. To be named by the Issuer. "rbiIOft'tint will it i.ly.d .. f\lUy ...,il*,A 80n"" laG. wh.t\ i......Gl. wiU \>. te,i,l.rtd in "" n.m. it c..u " Co., u norAlnee of The DeposlCOty TNlt ~ornpUl~, New York. Now York. Ehlers & Associates, Inc. - Mark RufflRusty Fifield _ copies_ Moody's Investors Service_ These Bonds WILL be designated as qualified [ax- c:c;cmpt obligations. Full Undertaking. . . . JAN. 3.2000 2:16PM EHLERS & ASSOC. NO. 7902 P. 13 Resolution No. Resolution Providing for the Sale of $7,555,000 Public Project Revenue Bonds, Series 2000A WHEREAS. the City Council ha.s cle~crmincd that it is necessary and desirable to Issue the $7,555,000 Public Projeet Revenue Bond.. Sera.. lP98 "ftho Montie.no Housil'lJ and Rodev.lopment AUthority (the "HRA") ll1d to amond the lea$e putchali' agreement with the HRA to PtQvide fUnding fot tht l:onstruotion and equipping of the Comrmihi~y Center prgjaot (Qolleotivil)' all issue. I'Oforfld 10 as "the Bonds"); and WRSREAS, the H1V. hu called for the sale of tho Sond.; and WHBREAS. tho City has retaipod Ehlers It Associates, Inc., in Rosevil1e. MinnbiOta ("Shlers"), u it. indep.nd.nt fin'I'IQia! IIdVi.or for th. Bond, and i. th.rtfol'll"'thoriMCl to lo!lclt propo"l. in &QoQrda:nG. with MinD.IQIa S,.tllttl. S"cion <41.5,60. Subclivi.hm :i(9); NOW. "rHSRiPOG. BE rr WOLVID bylh. CIc)' C:ounoil otCh)' Q'Mon~ic.llg, Minn.,QCi. Is tallows: 1. Authoritation: Findin2s. The City Council accepts the plan of finance for the Bonds as described in the Bond Sale Report dated January 5.1999 and authorizes Ehlers to solicit proposals for the liale of the Bonds. 2. Meetin,: Pro9osal Q'il~njn,. The City Council shall meet at the time and place specified in [he TerJIll of Proposal [or the purpose of reviewin,scaled proposals for, approving amendment. to the leas. p\lrc:hue aareem'Dt and takina other agtioDa ralatt<! to the sale of t~ Bonds, 3. OHieilll Stnter1ll!lnc. In conneclion with .aid .,Ie, lb. oMcor. ot 'Mploy... of the elly .... hlt.by authorized to cooperato with Ehlets Ind participate in me ptoplfltion of In Official.tlttm.tlt for the '8ondll and to execute and deliver it on behalf of the City upon its c:ompletiofi. Dated: January 10. 2000 ATrBSt Mayor City Clerk . . . HRA Agenda - 1/05/00 8. Consideration to adopt a resolution modifying various budgets of TIF Districts and modifying the Redevelopment Plan of Central Monticello Redevelopment Proiect No.1. A. Reference and Background: As a result of the Quick TIF Program and the reports thereof generated, it was noted that some line-item within the TIF budgets did not meet the line-item ofthe expenditures. It was suggested the HRA modify the budget and plans for consistency between the Plans and the reports to the State Auditor. Please refer to the attached resolution as prepared by Ehlers & Associates. Mark Ruff may explain further and answer questions. B. Alternative Action: 1. A motion to adopt the resolution modifying the Redevelopment Plan for Central Monticello Redevelopment Project No.1; Modifying TIF District Nos. 1-1, 1-2, 1- 3,1_4,1_5,1_6,1-7,1-8,1-9,1-10,1-11,1-12,1-13, 1-14, 1-15, 1-16, 1-17, and 1-18; and approving the TIF Plans relating thereto, located within Central Monticello Redevelopment Project No.1. 2. A motion to deny adoption of the resolution. 3. A motion to table any action. C. Recommendation: Recommendation is Alternative No.1. C. Supporting Data: Resolution for adoption. 1 . . . JAN ~3 '~~ ~4:42PM EHLERS & ASSOCIATES P.2/3 MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY CITY OF MONTICEI,.LO WRIGHT COUNTY ST ATB OF MINNESOT ^ RESOLUTION NO. RESOLUTION MODIFYING THE REDEVELOPMENT PLAN FOR CENTRAl.. MONTIC:ELLO REDEVELOPMENT PROJECT NO. 1; MODIFYING TAX INCREMENT FINANCING DISTRICTS NOS.!.I, 1.:&, 1.3, 1.4, 1.5, 1-6, 1.7,1"8,1..', 1.10,1.11,1..12,1.13,1..14,1.15,1..16,1..11, AND 1..18; AND APPROVING TBE TAX INCREMENT FINANCING PLANS RELATING THERETO, LOCATED WXTlIlN CENTRAL MONTICELLO REDEVELOPMENT PROJECT NO.1 8E IT RESQL VEP by the Board of Commissioners of the Montieollo Rousing and Ftedevelopment AL&thori~ ("A~thorit)''') ortb. City of MontlceUo. MiMl..otl ("City") It follow.: ' WfmItEAS. tho Authority h.. adopted a Modificltion to thb CentrAl MOl\tioeUo A.drJ.lc>ptdlnC Plan (the llRedevelopment Plan") for Central Monticello Redevelopment Project No. l' iiid' tb. Tax Increment Financing Plans for Tax Increment Financing Districts Nos. 1-1, 1-2, 1-3, 1-4, 1-5. IM6, 1..7, 1-8, 1-9. 1-10, I-II, 1-12. 1-13, 1-14. 1* 15, 1-16, 1..17. AND 1..18 (the I'TIF Plans") on January 10. 1996 and on lune 5. 1996; and WHEREAS, the City Council (the "Council ") of the City of Monticello (the "City") hIlS adopted Modification to the Central Montioello Red.veloplnent Plln (th. "R.d.v.lopm.nt Plan") for Central Monticello Redevelopment Project No. 1 and the Tax Increment Financing Plana for Tax Increment Financing Districts Nos. 1..1, 1-2, 1~3, 14,1-5, 1-6, 1-7, 1-8, 1-9. 1-10, 1..11, 1..12, 1..13, 1-14, 1..1S, 1..16, 1-17, AND 1..18 (the "TIF Plans") on January 22, 1996. and on June 24, 1996, all pursuant to and in accordance with Minnesota Statutes, Sections 469.001 to 469.047 and Minnesota Statutes, Sections 469.174 to 469.179, inclusive, AS amended; and WHEREAS, the Modific.tionl to tho TIF Pltn. and Rtdtv.lopme!'lt Plan incr... th. allowable budact expenditure$ by. total ofS3,740,OOO (S990,OOO and S2,7S0,OOO in buda.t authority, Nlp.ctivoJ)'); and WHEREAS, the Modifications to the TIF Plans and Redevelopment Plan did not specifically assign the budget authority to specific TIF Plans budgets and specific line items in each budget; and WHEREAS, further refinement of the TIF Plans may include the reduction of the total amount of budgetary authority tor certain line items in each of the TIF Plans as originally adopted to match actual expenditures; and WHEREAS, the Office of the State Auditor, since the adoptions of the Modifications to the TIF . . . JAN 03 '00 04:43PM EHLERS & ASSOCIATES P.3/3 Plans and Redevelopment Plan in I 996. has recommended to municipalities that budgets in the TIF Plans should match actual expenditures on a line item basis. BE IT RESOLVED by tile Board ofCommissionors efthe Monticello Housing a.nd Redevelopment Authority of tho City of MOl'lticcllo, as follow.: 1. th~ P.,d.vtlopffient Plan and nF Plafl- art h.r.by l'pproV4ld a.nd ..dopt.d and _hlU b. pl&Oed on tilt in the offioe of'lho EdQ\,ltlvCl Oir.ctot. 2. The staff. the Authority's advisors and legal counsel are a.uthorized and directed to proceed with the implementation of the TIF Plans and reporting of the TIF Plans to the appropriate state and local agenoies. Approved by the Board of Commissioners ofthe Monticello Hoosing and Redevelopment Authority of the City of Montioello this day of Chair A TIESt; . . . HRA Agenda - 1/05/00 9. Consideration to adopt a resolution approving a modified Redevelopment Plan for Central Monticello Redevelopment Proiect NO.1 and a modified TI Plan for TIF District No. 1- 22. A. Reference and Background: Attached is a resolution prepared by Steve Bubul, Kennedy & Graven, which modifies the Redevelopment Plan and TlF Plan for TlF District No. 1-22 (Downtown District.) This resolution is the best faith effort to assure that the HRA can collect and retain the tax increment collected from larger redevelopment projects who did not receive tax increment assistance but are located within District No. 1-22. Samples are Marquette Bank, First Minnesota Bank, and improvements being made to the previous City Hall by Arve Grimsmo. It was the initial intent of the HRA to use this tax increment for eligible TIF expenditures within the district. Remember, previously we discussed the four and five year knock-down rules wherein parcels drop out of the district. Attorney Bubul will be present to respond to questions. The resolution simply modifies the Plans and directs staff to follow through. B. Alternative Action: 1. A motion to adopt a resolution approving a modified Redevelopment Plan for Central Monticello Redevelopment Project No.1 and a modified TI Plan for TIF District No. 1-22. 2. A motion to deny adoption of said resolution. 3. A motion to table any action. C. Recommendation: Recommendation is Alternative No.1. This is a best alternative to ensure the State Auditor won't require the HRA to return the tax increment collected from projects which no TIF assistance was necessary or received. D. Supporting Data: Resolution for adoption and modifications to Plan. 1 01-03-00 20:03 From-KENNEDY & GRAVEN +6123379310 T-410 P.02/05 F-092 . MONTICEI..LO HOUSING AND REDEVELOPMENT AVTHOlU'fY aESOLlJTlON NO "- RESOLunON APPROVING A MODJlilED REDEVELOPMENT PLAN FOR CENTRAL MONTICELLO REDEVELOPMENT PROJECT NO.1 AND A MOD.IFlJj:J) TAX INCREMENT PLAN FOR TAX INCREMENT FINANCING DISTlUCT NO. 1..22 . WHEREAS. the Monticdlo l'loUS1Jlg and ae&:velopment AUtbority (hAuthority") cwton'dy administers us Central Monticello Redevelopment Project No. 1 ("Project") iJIld Redevelop~nt Plan ("Project Phl.n") therefor and Tu.lncrem.em Financing Dlsuict No. 1..22 ("TIF District") within the Project and. a TiI\)I. Increment Financing Plun ("TJF Plan") therefor. all pursuant to Minne~ta Statutos, Sections 46~.OOl to 469.047 ("KRA Act") tUld MinnelOtIi St~\J.t~s. Sections 469.174 lbtQ....h. ..'~.17Q (I'TLF AoT")~ :&nd WtiS.EASI \1n~1It 5OtCiOb 469. 17S. ,~bti. 4 of this TIf Me, ~bt AuUlOritY llf .~~botla'lIl tc) nlOQ~fy the TlF Plan wimc~t tbe notice ana approv;u pfoce4lJt.$ roq~ited fot apptOv~ 0/ the l~ig,1l plan if the moJiticam)n c:loe~ no' U\'Volve~ reduction or c=nlArlcn~1\~ uf lhe gtoJr-.plUc arelL of the district, increase in the l:l.mOunt ot bon~d in~b~dntiS ~o be inc:um(i. including a clcusnnin.uou \0 capItalize mterest on debt if that dcternun.won W~ not ;l pact of the original plOU'l. i1icrea.~ Or decre~e the amOunt of interest on the debt to be capmilized, increase in the pornon ot the captu.rcLi tax capacity to be retained by the Authant)'. increase 10 total e~timated tax Increment expenditures. or designation uf ad.ditional propeny to be acquit'ed b}' the Authanty; and WHEREAS, the Authority has d.~terminc:d a need 10 clarlfy the role of private devclopmrnt in the TIF DiSUlCt where tax increment a.s)ji~nance iti nOt provided; and Wli"aREAS. the Authority h~ reviewed A dOC\.lMent tJtI"d ModificQ.tic.m to T~ Increment financing Plan for Tu. Incrlll'nent Financin& DisU1C1 No. 1-22, dated January S. 2000 (me "Plan Mcx1ification") ; NOW, THEREFORE. BE IT RESOLVED by the Board of Commi~sioner~ of the Monticello HOLlSlDi and Redeveloprnc:nI Authorlty as t'oHows: 1. The Plan Modification i~ approved. 2. The Project Plan and the TIF Plan are in no other way modIfied and the budgets contained therein are not increused by this modificlitian. 3. All actions C1k.cm by Authority Sta.ff and consultants with re:;ptct ~ this modification are hereby approved and ratified. . 4. Au1hOrit~ Staff is i\.lmonzed and du'f;JClcd to include a coPy of the Pl.n MoclificitlOn in the Authority's articlal rec:or<b of the TIf' Plan for the TJF Di$tnCf, and to forwarcl a cop>, of the ciocumcm to toe County AuQitor ancl the Minnesota Department of R~vcnue tor their recot~ of the 1lF Disuicr. SJI5-17f,13U-1 MN\!tlO.61 . . . 01-03-00 20:03 From-KENNEDY & GRAVEN +6123379310 T-41 0 P.03/05 F-082 AppNved by tlIe Jlo;ard of Commission<tS of tlIe Monticello Housing and Redevelopment A\uhunt'Y ~hi!i SUI Gay of January, 1000. ^ TrEST: Executive Director 5JIil-1741 ~O.I MNlW.61 . Chait - ~.- . . . 01-03-00 20:03 From-KENNEDY' GRAVEN +6123379310 T-410 P.04/05 F-082 MODlFlCATION TO TAX JNC.Qli:MiNT fINANCING pl.J\N FOR tAX INCaEMiNT i'lNANClNG DUTIUCT NO. 1,,22 A-fONTICELLO HOtJSlNC AND dDEViLOP~T A'U"fHQRl11l January 5, 2000 A. BackllJ'OUDd The Momicellu Ho~1n1 and Rod.~elopment A.uthurity '''AU1:b,uicy'') .pprov.d .. Tax. lnCrtmont fini'Jilcing Plan (..tIP Plain") fQr its fiX lm:tetnen\ Pinancin. Di.m~C No. 1..22 on MatCh 51 19P7j and the City Council approvc4 the TtF Plan ~ter public h~anng on Much 10. 1997. A'IiI explained in Section 23-1 of the original TIF Plan. tP,~ size and scope of activities cont~roplat~d in the TlF Distfl(;t grew out of the downtown revitalization study conducted by the:': H01:sington 1<.oc:glcr GtOIotP ("HKG") in 1996. That stud)' contemplated reQevelopmem ~tiv1tie>> thtO\.lghout th" downtown arca, md the 1'If District was intendod to fQl.:ilita.te those ..effons. Many, it' not mo~tl of the redevelopment actNiuelln the 'TrF' Dll\rict will requite !tu~:icanti;al t&:K inc~rn.=nt ioI."iis(an~e. Certain ~.velopn~nt may QCcut without dire,~ i~bsic1y from the A~thorjt>" thQwgh the: A\ubOrity continues to bcli.ev~ that iCt.lvities tinanced by the AuthoritY help StlmLUate other pOVOl.te efforts that would not likely have QCcuaed witho~t public itltcrven'tion to help reshape the c1owntown area. Private dcsv"lopl'M'ntll are uliO ex.p.cted to proviOc tlUl. inc.:remem revcn~ soutCell needed to solve oma difficlJlt redevelopment problems in the TIF Oi:'lltrict. panicu.larly in SitUations wha~ the increments from a specific ~vtlopment arc: insufficient [0 finllnCc tbe cOsts of th<4t development. In order to clarify the role of ongoing private development in the TIF Dismct, the Authortty ha..; d~tcnnin~d [0 modify [he text of [be TIf' Plan as de~ribed below - The purpose of this modification is to re..~tate and dmpwize the Authority's ori.iuallntent when ~ptini the T[F Plan in 1997. B. tlF Plan Modiftcations SubSIClIon 13..3, StatlmtAI of ObJecliv",'1 modifted to add the followlnllallau"ae~ The A'Wthooty acknowledges that dir~ct lax in,rement assistance may not ~ necessary fo! Qcvelopment of all parcels in the TJF Disuict. However the A.uthority specifically fmds that any development by private owners that is c:unslstcnt with ell)' compr~hcn,ive pbms, the HJ.<G study anLi [he overall objectives for the Project will be considered "iSCtivit}' in accordance with the TIF P!an" tor the purposes of Section 469.176. sLlbd. 6 of the T1F Act. Subsection 23--4, Rede"elopment Plan O"el'\'ie~, is modified to add the following lan.gu.age: s. The A\lmorit}' enCO\.4I'ages development ana redevelopment activities by private owners to ;.u:compliih lmptOVt:lment of the TlF Dilltrict ;md Projec\ area as a whole, all in accordance with thls TlF Plan. . . . 01-03-00 20:03 From-KENNEDY & GRAVEN +6123379310 T-410 P.OS/OS F-OB2 Subsection 23-16 is modified to add me following lan&Qage: COIlsi.teIlI with lh<: overa1l plltPO'C of TIF Oistricl No. 1-22. !be: ^"lhori'Y COIltempJate. ",", activity on <om< parcel. tI\ lh<: di.trict will be unclettaken by ptivar.o owner. wiU\ollI cliIecl .....lIIlC. flOm lh<: AUlhority. Any delnOlilion. rehabihwion or rc:no,atiOIl or Olher <lie prcparanon thO! is UlIclenaken by the pri'''' OWtllln IIlli is cOlloi- WIll> lbe o,ellll objoctive. of lbjo TlF Plan (aI dt...-nbed in S\ll>>iOCli01lI23-l1llli 23-3) is consiclerOd ...'livily "in lICcor<liJnCt wilb lhc: TIF PI..." for tbol purpose. of Minne"'(t. S!lll~teJ;. SllClions 469.176. OUbdi>'lROn 6. eoa..q~OI\t1y. lbe AlUhorily IIlticipalC' thall'll<Ce\lllO in1ptOVGIl by privOlC own.... by approximately Morell. 2001 will rtll\4ill wi\llill the TlF Di.!riol tor p1lIllOIOs of to illCftll101l' cou.<:tion. furtbolr. pacelll thai art _vtG 4.w '" llll~ of K'livilY by 1M: clatt may "'ttCOlIll104lt oWvlly con.....bl wlib lIle TIP PllIllalllt oec\in iJI<llhc: county lllIditot Is properly lIOIi/I.d. The AUlbOtilY \IIIIIldlllo \vo", willi pnvalO owners tI\ coo,dinallDg their activitIeS so os 10 JIl>llUtDiX< tbe redeveloptben( pOlOlllia1 ol the TIF District. 2 SJ&-174131wl MN1Cj()..(;>1 . . . 10. HRA Agenda - 1/05/00 Consideration to transfer surplus tax: increment from TIF District Nos. 1-8. 1-9. 1-10. I- ll. and 1-16 to TIF District No. 1-7. A. Reference and Background: As you recall TIF District No. 1-8 (NSP) was decertified by resolution for payable 1999. The Tax Increment Guarantee of approximately $10,000 was paid by NSP in January 1999 when the district decertified leaving a small amount of surplus tax increment. The next agenda item request adoption of resolutions decertifying the other four districts. Except for District No. 1-9 (Tapper's), a small amount of surplus tax increment is available to transfer from No. 1-10 (Remmele), I-II (Martie), and 1-16 (Polycast.) to District No.I-7. At this time, it is unclear if No. 1-9 will have a deficiency or small amount of surplus. It is best to approve the transfer of surplus tax: increment prior to decertification. Even after decertification, transfer surplus dollars must be accounted for until expended. It is the suggestion of the financial consultant that the surplus tax: increment from these districts be transferred to TIF District No. 1-7 (NAWCO). District No. 1-7 was decertified a couple years ago and there remains a debt of $70,000 as ofJanuary 1,2000 or semi-annual payments of $10,000 through February 1,2003. B. Alternative Action: I. A motion authorizing the transfer of surplus tax increment from TIF District Nos. 1-8, 1-9, 1-10, 1-11, and 1-16 to TIF District No. 1-7. 2. A motion denying authorization to transfer surplus tax: increment. 3. A motion to table any action. 4. A motion other action. C. Recommendation: Recommendation is Alternative No.1. This is a housekeeping item for purpose of reporting and meeting Statutory requirements. D. Supporting Data: None. I . . . HRA Agenda - 1/05/00 11. Consideration to adopt resolutions for decertification ofTIF District No. 1-9. No. 1-10. No. 1-1 L and No. 1-16. A. Reference and Background: The HRA Commissioners are requested to adopt the attached resolutions for decertification offour TIF Districts. TIF District Nos. 1-9 (Tapper's), 1-10 (Remmele), and 1-11 (Martie's) are required by Law to decertifY on December 31, 1999. TIF District No. 1-16 (Polycast) is an early request for decertification as the Interfund Loan of $80,000 was retired with the 1999 tax increment. This district is required by Law for decertification December 31, 2004. DecertifYing this district early will prevent the City from paying the HACA Penalty which is equal to approximately 30% the tax increment and also allows for the tax increment to be distributed to all taxing jurisdictions. With the HRA- TIF year-end reports forthcoming, it will note if there is a deficiency or no deficiency for District Nos. 1-9 and 1-10. Estimates indicate it is very close. District No. 1-9 has a Tax Increment Guarantee Clause. The adopted resolutions will be forward to the County Auditor's Office noting no collection of tax increment for these districts for payable 2000. B. Alternative Action: 1. A motion to adopt resolutions for decertification ofTIF District No. 1-9, No. 1- 10, No.1-II, and No. 1-16. 2. A motion to adopt resolutions for decertification ofTIF District No. 1-9, 1-10, and 1-11 only. C. Recommendation: Recommendation is Alternative NO.1. D. SupportinS Data: Copy of resolutions for adoption. 1 . . . HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO STATE OF MINNESOTA Resolution No. BEING A RESOLUTION APPROVING THE DECERTIFICATION OF TAX INCREMENT FINANCING DISTRICT NO. 1-9 OF THE CITY OF MONTICELLO. WHEREAS, on February 26, 1990, the Housing and Redevelopment Authority (the "Authority") in and for the City of Monticello (the "City") created Tax Increment Finance District No. 1-9, (the "District") within the Central Monticello Redevelopment Project No. 1 (the "Project"); and WHEREAS, as of the date hereof all bonds and obligations to which tax increment from the District have been pledged have been paid in full or defeased and all other costs of the Project have been paid; and WHEREAS, the Authority by this resolution to cause the decertification of the District after which all property taxes generated by property within the District will be distributed in the same manner as all other property taxes. NOW THEREFORE, BE IS RESOLVED by the Commissioners of the Housing and Redevelopment Authority in and for the City of Monticello, Minnesota, that stafT shall take such action as is necessary to cause the County Auditor of Wright County to decertify the District as a tax increment district and to no longer remit tax increment payable 2000 from the District to the City. DATED: January 5, 2000 (Seal) HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO Chair ATTEST: Executive Director . HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO STATE OF MINNESOTA Resolution No. BEING A RESOLUTION APPROVING THE DECERTIFICATION OF TAX INCREMENT FINANCING DISTRICT NO. 1-10 OF THE CITY OF MONTICELLO. WHEREAS, on April 9, 1990, the Housing and Redevelopment Authority (the "Authority") in and for the City of Monticello (the "City") created Tax Increment Finance District No. 1-10, (the "District") within the Central Monticello Redevelopment Project No.1 (the "Project"); and WHEREAS, as of the date hereof all bonds and obligations to which tax increment from the District have been pledged have been paid in full or defeased and all other costs of the Project have been paid; and WHEREAS, the Authority by this resolution to cause the decertification of the District after which all property taxes generated by property within the District will be distributed in the same manner as all other property taxes. . NOW THEREFORE, BE IS RESOLVED by the Commissioners of the Housing and Redevelopment Authority in and for the City of Monticello, Minnesota, that staff shall take such action as is necessary to cause the County Auditor of Wright County to decertify the District as a tax increment district and to no longer remit tax increment payable 2000 from the District to the City. DATED: January 5, 2000 (Seal) HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO Chair ATTEST: . Executive Director . . . HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO STATE OF MINNESOTA Resolution No. BEING A RESOLUTION APPROVING THE DECERTIFICATION OF TAX INCREMENT FINANCING DISTRICT NO. 1-11 OF THE CITY OF MONTICELLO. WHEREAS, on February 12, 1990, the Housing and Redevelopment Authority (the "Authority") in and for the City of Monticello (the "City") created Tax Increment Finance District No.1-II, (the "District") within the Central Monticello Redevelopment Project NO.1 (the "Project"); and WHEREAS, as of the date hereof all bonds and obligations to which tax increment from the District have been pledged have been paid in full or defeased and all other costs of the Project have been paid; and WHEREAS, the Authority by this resolution to cause the decertification of the District after which all property taxes generated by property within the District will be distributed in the same manner as all other property taxes. NOW THEREFORE, BE IS RESOLVED by the Commissioners of the Housing and Redevelopment Authority in and for the City of Monticello, Minnesota, that staff shall take such action as is necessary to cause the County Auditor of Wright County to decertify the District as a tax increment district and to no longer remit tax increment payable 2000 from the District to the City. DATED: January 5, 2000 (Seal) HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO Chair ATTEST: Executive Director . . . HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO ST ATE OF MINNESOTA Resolution No. BEING A RESOLUTION APPROVING THE DECERTIFICATION OF TAX INCREMENT FINANCING DISTRICT NO. 1-16 OF THE CITY OF MONTICELLO. WHEREAS, on March 14, 1994, the Housing and Redevelopment Authority (the "Authority") in and for the City of Monticello (the "City") created Tax Increment Finance District No. 1-16, (the "District") within the Central Monticello Redevelopment Project No. 1 (the "Project"); and WHEREAS, as of the date hereof all bonds and obligations to which tax increment from the District have been pledged have been paid in full or defeased and all other costs of the Project have been paid; and WHEREAS, the Authority by this resolution to cause the decertification of the District after which all property taxes generated by property within the District will be distributed in the same manner as all other property taxes. NOW THEREFORE, BE IS RESOLVED by the Commissioners of the Housing and Redevelopment Authority in and for the City of Monticello, Minnesota, that staff shall take such action as is necessary to cause the County Auditor of Wright County to decertify the District as a tax increment district and to no longer remit tax increment payable 2000 from the District to the City. DATED: January 5, 2000 (Seal) HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO Chair ATTEST: Executive Director . . . HRA Agenda - 1/05/00 12. Consideration to authorize entering into a House Lease for 3 Walnut Street between the HRA and Brandon Link effective February 1.2000. A. Reference and Background: At the December HRA meeting, the Commissioners terminated the House Lease with Tammy Hacker effective December 9, 1999. Please read the attached letters dated December 2, 13, and 14, 1999, and a copy of the inspection comments of December 17. The keys and garage door opener were returned but no payment was received on the past due rent amount of$I,005. The HRA initially collected the last month's rent of$550 and a $500 damage deposit from Sherburne County. The Public Works Department towed the car to the tenant's new address in Big Lake and cleaned food from the refrigerator and cupboards on December 21 or 23. When the pending tenant looked at the house on December 27, the house was wide open, the water running, and the heat turned off No water damage occurred. Public Works installed new locks ($109.44) and re-coded the garage door opener. The pending tenant, Brandon Link, is the son of the City Hall's receptionist, Pam Link. He is interested in renting and would like to paint if the HRA provides the paint. He has asked about re-carpeting the dining, living, stairway areas where the previous tenant removed the carpet without HRA permission. Lastly, he anticipates his brother will reside at this location with him. He was advised of the monthly rent increase to $650. I did not advertise for a new tenant as we had an interested party nor did Tammy Hacker's friend return an application. Others have inquired about the property. I have invited Brandon to the HRA meeting. B. Alternative Action: 1. A motion to authorize entering into a House Lease for 3 Walnut Street between the HRA and Brandon Link effective February 1,2000. 2. A motion to deny entering into a House Lease with Brandon Link and proceed to advertise or contact others interested. 3. A motion to table any action. C. Recommendation: Although I do not personally know Brandon, 1 do know this mother and I believe we will not experience the problems of the past. Please also address his request for paint and 1 . HRA Agenda - 1/05/00 carpet. I will call Tammy in attempt to collect the $455 remaining rent via a payment plan. D. Supporting Data: Application, House Lease, 3 letters, and inspection comments. . . 2 . CITY OF MONTICELLO RENTER APPLICATION Name: B<<ANtx:JN LINK Current Address: !j() J 5 ,..~ .4 v:: N LJAI If:: pkat j V11N I ~37 5~387 Home Phone No.:G320) (054 - J8~3 Work Phone No.: 2 q 5 - 21 &:>2., Place of Employment: en"'Dr<v:S C J:J . OF' WlOVTIGEu.o ~n~~~~~n~::~~~~es: 1. ~\. C~ ~"r"~ ~SCU(ce ~~~ ~~i = ~IJ~ ~:!"~L\ 2. tJE.LtMRi ROP&f(-nE" _ __ _ N'", ~ J . 3. 2 ~ Number of Occupants: Adul ts Children . RENTER,APP: 8126/96 . . . HOUSE LEASE This is a Lease. It is a legal agreement between the Tenant and the Landlord to rent the House described below. The word Landlord as used in this Lease means the Housing and Redevelopment Authority in and for the City of Monticello, and the Landlord's address is 505 Walnut Street, P.O. Box 1147, Monticello, Minnesota, 55362. The word Tenant as used in this Lease means This Lease is a legal contract that can be enforced in court against the Landlord or the Tenant if either one of them does not comply with this Lease. 1. Description of the House. The address of the House is Monticello, Minnesota, 55362 2. Term of Lease. This Lease is for the said premises without repairs or improvements on that part of the Lessor from the day of ,2000, at 12:01 o'clock, a.m. and until this Lease shall be terminated by either party hereto, as herein provided. 3. Rent. a. Amount. The rent for the house is Six Hundred Fifty and no I OOths Dollars ($650.00) per month in advance. b. Payment. The rent payment for each month other than the first and last month must be paid before the fifteenth day of each month beginning on , 2000, at the Landlord's address. The rent for the first and last month of this Lease has been paid in advance to the Landlord by Tenant. The Landlord does not have to give notice to Tenant to pay the rent. Tenant understands that Landlord will not accept a partial payment of rent. In the event rent is not paid by the first of each month, there will be a fee of $50.00 assessed and payable without demand. c. Responsibility for Rent. Every Tenant listed above is individually responsible for paying the full amount of rent owed to Landlord. 4. Security Deposit. The Tenant has given the Landlord Five Hundred and no 1 OOths Dollars ($500.00) as a security deposit. If Tenant fails to perform any term in this Lease, Landlord may use the security deposit for payment of money that Landlord may spend on damages that Landlord suffers because of Tenant's failure. The Landlord may use the security deposit to pay for any damage to the House caused by the Tenant or the Tenant's guests. The security deposit may also be used by the Landlord to pay charges for late payment of rent, and to pay charges for rent including payments that the Tenant owes to the Landlord at the end of the Lease. The Landlord will pay the Tenant interest on the security deposit at the rate of2.5% per year, as required by Minnesota Statutes Section 504.20, subd. 2. Landlord shall, three weeks after (l) the end of the Lease term, and (2) receipt of Ten ant's mailing address or delivery instructions, return the deposit to the Tenant, together with the interest due on the deposit. If the Landlord does not return the deposit within the three weeks, Landlord must give Tenant a written statement showing the specific reason for withholding of part or all of the deposit. The Landlord may keep all or part of the security deposit (1) for rent or other money owed to the Landlord, and (2) for damage to the House beyond ordinary wear and tear. . 5. Quite Enjoyment. If Tenant pays the rent and complies with all other terms of this Lease, Tenant may use the House for the term of the Lease. 6. Use of House. The House must be used only as a private house to live in and for no other purpose. The Tenant may not use the House for any unlawful activity. In particular, Tenant agrees that (a) Tenant will not unlawfully allow controlled substances in the House; and (b) the property will not be used by the Tenant or others acting under his or her control to manufacture, sell, give away, barter, deliver, exchange, distribute, or possess a controlled substance in violation of any local, state, or federal law, including Minn. Stat Chapter 152. This agreement by Tenant is not violated if a person other than Tenant possesses or allows controlled substances in the House or on the property unless the Tenant knows or has reason to know of the activity. The Tenant may not use the House for the purpose of carrying on any business, profession or trade. 7. Maintenance and Repair. a. By Landlord. Landlord promises (I) that the House is fit for use as a residence; and (2) to keep the House in reasonable repair during the term of the Lease, except when the damage was caused by the intentional or negligent action of the Tenant or Tenant's guests; and (3) to maintain the House in compliance with the applicable health and safety laws except where the violation is caused by the Tenant or Tenant's guests. By Tenant. Tenant promises, at Tenant's expense, to make all repairs and eliminate any violation of health and safety laws that result from the negligent, willful, malicious or irresponsible conduct of the Tenant or the Tenant's family, agent or guest. Tenant shall comply with all the sanitary laws affecting the cleanliness, occupancy and preservation of the House, except where the Landlord is required by law to comply with the sanitary laws (see Minnesota Statute, Section 504. I 8). Tenant mllst obtain allthorization from Landlord prior to employing any mechanic to make repairs on the property or House. Tenant agrees to perform the following repairs and maintenance at Tenant's expense: b. . Lawn maintenance on the entire yard area; Snow removal; anti Water softener service to include the provision of salt necessary for its proper operation. 8. Alterations. Tenant must obtain Landlord's prior written consent to install any paneling, flooring, partitions or make alterations or to paint or wallpaper the House. Tenant must not change the heating, electrical, plumbing, ventilation or air conditioning without the prior written consent of the Landlord. . 9. Damage to the House. If the House is destroyed or damaged not due to the fau It of Tenant or Tenant's guests, and the House is unfit for use as a residence, Tenant is not required to pay rent for the time the House cannot be used. If part of the House cannot be used, Tenant must only pay rent for the usable part. If the HOllse is damaged or destroyed, Landlord may terminate this Lease immediately and may decide not to rebuild or repair the HOllse. If the damage was not caused by the Tenant or the Tenant's guest and the Landlord cancels the Lease, the rent shall be pro rated up to the time of the damage. . . . 10. Utilities. Tenant shall pay for all utilities provided to the House during the term of this Lease. 11. Right of Entry. Landlord and Landlord's agents may enter the House at reasonable hours to repair or inspect the House and perform any work that Landlord decides is necessary. In addition, the Landlord may show the House to possible or new Tenants at reasonable hours during the last thirty (30) days of the Lease terms. 12. Assignment and Subletting. Tenant may not assign this Lease, lease the House to anyone else (sublet), sell this Lease or permit any other person to use the House without the prior written consent of the Landlord. If Tenant does, Landlord may terminate this Lease as described in Paragraph 16 of this Lease. Any assignment or sublease made without Landlord's written consent will not be effective. Tenant must get Landlord's permission each time Tenant wants to assign or sublet. Landlord's permission is good only for that specific assignment or sublease. 13. Termination. This Lease may be terminated at any time by either party hereto after thirty (30) days from the date hereof by giving the other party thirty (30) days' notice of its intention to do so. Such notice must be given on or before the last day of the month prior to the month with which it is desired that the Lease shall terminate. 14. Surrender of Premises. Tenant shall move out of the House upon termination of this Lease in accordance with Section 13 hereof. When tenant moves out, Tenant shall leave the House in as good condition as it was when the Lease started, with the exception of reasonable wear and tear. 15. Abandonment. If Tenant moves out of the House before termination of this Lease in accordance with its terms, Landlord may bring a legal action to recover possession of the House. The Landlord may rent the House to someone else. Any rent received by Landlord for the re- renting shall be used first to pay Landlord's expenses for re-renting the House and second to pay any amounts Tenant owes under this Lease. Tenant shall be responsible for paying the difference between the amount of rent owed by Tenant under this Lease and the amount of rent received by Landlord from the new tenant together with any court costs and attorney's fees. If Landlord recovers possession of the House after Tenant moves out, then Landlord may consider Tenant's personal property in the House to also have been abandoned. Landlord may then dispose of the personal property in any manner that the Landlord thinks is proper. Landlord shall not be liable to Tenant for disposing of the personal property. 16. Default. If Tenant does not pay the rent or other amounts when due or if Tenant violates any term of this Lease, Landlord may terminate this Lease. If Tenant does not move out, Landlord may bring an eviction notice. If Tenant violates a term of this Lease and Landlord does not terminate this Lease or evict Tenant, Landlord may still terminate this Lease and evict Tenant for any other violation of this Lease. If contraband or a controlled substance manufactured, distributed, or acquired in violation of Minnesota law is seized in the House or on the property on which the House is located incident to a lawful search or arrest, and if Tenant has not defense under Minnesota Statutes 609.5317, Tenant shall have no further right to possession of the House, and Landlord may bring an eviction action against Tenant. 17. Heirs and Assigns. The terms of this Lease apply to the Tenant and Landlord. The terms of this lease also apply to any heirs, legal representatives and assigns of Tenant or Landlord. 18. AnimalslPets. No dogs, cats or other pets may be kept on the premises or in the House without written consent of the Landlord. . . . DA TED: ,2000 LANDLORD: TENANT: HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO By: Its: Chair Signature By: Its: Executive Director . . December 2, 1999 -- MONTICELLO Tammy Hacker 3 Walnut Street Monticello, MN 55362 Re: Acceptance to Terminate the House Lease at 3 Walnut Street effective December 9, 1999. Dear Tammy: The Housing .and Redevelopment Authority met on December 1, 1999, and accepted your termination notice for the House Lease between the HRA and Tammy Hacker. Effective termination date is Thursday, December 9, 1999. Please return the keys and garage door openers, submit the $1,005 past due rent, and leave your forward mailing address at the City Hall by no later than December 9, 1999, your last day of occupancy. On December 10, the Building Official and myselfwilI inspect the property for damage. Tammy, the Authority also authorized advertising the property for rent and approved increasing the monthly rent to $650. If your party of interest to rent is stilI interested, please submit the name and a contact number for consideration as a rental applicant. Should you have any questions, please call me at 271-3208. Again, by no later than December 9, 1999, please return the keys and garage door openers, submit the $1,005 past due rent, and leave your forward mailing address at the City Hall. Sincerely, HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO, MINNESOTA (j~ \<U\u ,-0~ Ollie Koropchak Executive Director c: File Rick Wolfsteller, City Administrator Monticello City Hall, 250 E. Broadway, PO Box 1147, Monticello, MN 55362-9245 . (612) 295~271 J . Fax; (612) 295-4404 Office of Public Works, 909 Golf Course Rd., Monticello, MN 55362 . (612) 295-3170 . Fax; (612) 271-3272 " ~I' ., . . December 13, 1999 -- MONTICELLO Tammy Hacker 4984 Mitchell Road Big Lake, MN 55309 Re: Second Written Notice of Termination of House Lease for 3 Walnut Street. Dear Tammy: The Commissioners of the lIRA terminated the House Lease for 3 Walnut Street between Tammy Hacker (the "Tenant") and the Housing and Redevelopment Authority (the "Landlord") effective December 9, 1999. Please note the attached termination letters dated November 22 and December 2, 1999. On December 10, the City Building Official and myself arrived at the 3 Walnut Street property to inspect for damages. The property was still occupied. Per the House Lease: The Tenant may not assign the Lease, lease the House to anyone else (sublet), sell the Lease or permit any other person to use the House without the prior written consent of the Landlord. Additionally, a cat appeared in the window. Per the House Lease: No dogs, cats or other pets may be kept on the premises or in the House without written consent of the Landlord. As per the telephone conversation of December 13, the Tenant was again notified that the House Lease between the Tammy Hacker (the "Tenant") and the lIRA (the "Landlord") terminated December 9, 1999. The Tenant and any non-permitted persons must vacate the property by no later than December 16, 1999. If the property is not vacated by December 16, 1999, the lIRA will authorize legal proceedings to evict and all costs incurred by the HRA for such proceedings will be the responsibility of the Tenant and any non-permitted persons. The Building Official and myself will inspect the vacated property for damages on December 17. Please remit the past due rent in the amount oUI,005 and return the keys and garage door openers on December 16, 1999, to me at City Hall. To contact me, please call 271-3208. Sincerely, HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO ~~~~~ Ollie Koropchak Executive Director Attachments c: lIRA Attorney Steve Bubul Sheriff Department of Wright County Monticello City Hall, 250 E. Broadway, PO Box 1147, Monticello, MN 55362-9245 · (612) 295-2711 . Fax: (612) 295-4404 Office of Public Works, 909 Golf Course Rd., Monticello, MN 55362 . (612) 295-3170 · Fax: (612) 271-3272 ~ JI .', ~...-...~~ ~ December 14, 1999 MONTICELLO Non-Permitted Persons 3 Walnut Street Monticello, MN 55362 Dear Non-Permitted Persons: The Commissioners of the HRA terminated the House Lease for 3 Walnut Street between Tammy Hacker (the "Tenant") and the Housing and Redevelopment Authority (the "Landlord") effective December 9, 1999. . Per the House Lease: The Tenant may not assign the Lease, lease the House to anyone else (sublet), sell the Lease or permit any other person to use the House without the prior written consent of the Landlord. Additionally, per the House Lease: No dogs, cats or other pets may be kept on the premises or in the House without written consent of the Landlord. Tammy Hacker (the "Tenant"), as well as, any non-permitted persons must vacate the property by no later than December 16. If the property is not vacated by December 16, 1999, the HRA will authorize legal proceedings to evict and all costs incurred by the HRA for such proceedings will be the responsibility of the Tenant and any non-permitted persons. The Building Official and myself will inspect the vacated property for damages on December 17. To contact me, please call 271-3208. Sincerely, HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO C)~ \<"'u~Q~ Ollie Koropchak Executive Director . c:. HRA Attorney Steve Bubul Sheriff Department of Wright County Monticello City Hall, 250 E. I3roadway, PO Box 1147, Monticello, MN 55362-9245 · (612) 295-2711 . Fax: (612) 295-4404 Office of Public Works, 909 Golf Course Rd., Monticello, MN 55362 . (612) 295-3170 · Fax: (612) 271-3272 CITY OF MONTICELLO INSPECTION NOTICE DATE TIME - . PERMIT #: ~lA ~' ~ 6-\CJUL):- ~~{\ ~~ ADDRESS: OWNER: PHONE #: CONTR: 0 House Footings 0 Foundation - Formed 0 Plumbing Rough-in 0 Garage Footings 0 Foundation - Backfill 0 Plumbing Final 0 Floor - Basement 0 Framing 0 Mechanical Rough-in 0 Floor - 3rd Level D Insulation 0 Mechanical Final 0 Other 0 Sheetrock 0 Building Final . I M~yP~~ f{t p~U[ INSPECTION RESULTS: o Approved--Proceed o Unable to Inspect o Stop Work o Correct Work--Proceed o Correct Work--Call for Inspection REASONS: o Work Not Ready o No Permit Issued o Corrections Not Done o Do Not Occupy o Unable to Access . Call 295-3060 for the next Inspection 24 hours in advance. INSPNOTC.WK4: 09/05/95 White/Inspector File Yellow/Site Notice . . . HRA Agenda - 1/05/00 13. Consideration to authorize payment ofthe montWy HRA bills. Recommendation to authorize payment of bills. You will note under Executive Director's report, I've requested reimbursement ofHRA or City expenses from Krenz and St. Ben's. 1 . Monticello HRA 505 Walnut Street PO Box 1147 Monticello, MN 55362-9245 December 10, 1999 . MC100-01 GENERAL Invoice # 16815 Hours Amount 11/19/99 MTR Meeting with Ollie on reporting forms 2.75 288.75 Professional Services Total Due This Month: Previous Balance: 11/24/99 Payment - thank you Total payments and adjustments Total Balance Due: , \ f1 2.75 ($105.00) ($105.00) $288.75 . PLEASE KEEP WHITE COpy FOR YOUR FILE AND REMIT PINK COpy WITH PA YMENT TO: . EHLERS & ASSOCIATES INC 3060 Centre Pointe Drive Roseville, MN 55113-1105 651.697.8500 . Ci~ of Monticello Ollie Koropchak City Hall P.O. Box 1147 Monticello, MN 55362-9245 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 (612) 337-9300 December 7, 1999 Statement No. 30907 "... ...,..0 ~-s;~ Through November 30, 1999 MN 190~00054 Prairie West Project (Komarek) MN190-00062 Fay-Mar Expansion "'\'t:~ \..\ '\ ~~<!"J~ MN190-00078 Community Center-Post Closing Issues MN190-0007~Twin City Die Casting) MN190-00080 Midwest Graphics Amendment . Expenses MN190-00081 Housing Revenue Bonds (St. Ben's Project) \"t~ \...?-3., ~ ~~~~4"cJU 34.75 34.75 1,176.00 0.00 0.00 41.70 60.31 Total Current Billing: 1,347.51 I declare, under penalty of law, that this account, claim or demand is just and correct and tha art of it has been paid. . . Ci~ of Monticello Ollie Koropchak City Hall P.O. Box 1147 Monticello, MN 55362-9245 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 (612) 337-9300 41-1225694 December 7, 1999 Invoice # 30907 ').-0 ~~~_\.; MN190-00054 Prairie West Project (Komarek) Through November 30, 1999 For All Legal Services As Follows: 11/22/1999 SJB Phone all with 0 Koropchak re contract enforcement questions (Prairie West). Total Services: . . Hours 0.25 $ Total Services and Disbursements: $ Amount 34.75 34.75 34.75 . Page: 2 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello Ollie Koropchak November 30, 1999 ~-r{< ~\C"\ MN 190-00062 Fay-Mar Expansion \ Through November 30, 1999 For All Legal Services As Follows: 11/22/1999 SJB Phone call with 0 Koropchak re contract enforcement questions (Musich-Fay-Mar) Total Services: Hours 0.25 $ Amount 34.75 34.75 Total Services and Disbursements: $ 34.75 . . . Page: 3 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello Ollie Koropchak November 30, 1999 ~~ cY <our- MN190-00078 Community Center-Post Closing Issues Through November 30, 1999 For All Legal Services As Follows: 11/15/1999 DJG Revise lease agreement with National Guard. 11/18/1999 DJG Revise agreement per National Guard funding guidelines 11/19/1999 DJG Draft lease agreement and cover letter re same Total Services: . For All Disbursements As Follows: Postage Photocopies Total Disbursements: Hours 2.90 5.60 1.30 $ Total Services and Disbursements: $ . Amount 348.00 672.00 156.00 1,176.00 $ 1.21 5.20 6.41 1,182.41 . . . Page; 4 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello Ollie Koropchak November 30, 1999 MN190-o0079 @-Win City Die Casting) For All Disbursements As Follows: 10/21/1999 10/21/1999 Lightning Legal Courier Lightning Legal Courier Total Disbursements: Total Services and Disbursements: $ $ 12.10 12.10 24.20 24.20 . Page: 5 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello Ollie Koropchak MN 190-00080 Midwest Graphics Amendment~ November 30, 1999 For All Disbursements As Follows: 10/18/1999 Lightning Legal Courier Total Disbursements: $ 29.70 29.70 Total Services and Disbursements: $ 29.70 . . . Page: 6 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello Ollie Koropchak November 30,1999 ~ ~"":-- ~~ ~~. MN190-00081 Housing Revenue Bonds (St. Ben's project) Through November 30, 1999 For All Legal Services As Follows: 11/5/1999 SJB Phone conference with K O'Driscoll re hearing; review documents; phone conference with R Wolfsteller re hearing Hours 0.30 Amount 41.70 Total Services: $ 41.70 Total Services and Disbursements: $ 41.70 . . - _~' . J I, . J . . December 13, 1999 -- MONTICELLO Mr. Steve Krenz Midwest Graphics and Response Systems, Inc. 9600 Fallon Avenue NE Monticello, MN 55362 Re: Reimbursement of HRA Expenditures Dear Mr. Krenz: In a letter dated November 22, 1999, I indicated all invoices were received from Kennedy & Graven relative to amending the Contract for Private Redevelopment between lA.C. and the HRA. However, the additional invoice of November 30 was received for courier services. Please remit the $29.70 in addition to the amount of$2,314.44 previously billed for a total reimbursement amount due of2,344.14. Should you have any questions, please call me at 271- 3208. Sincerely, HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO G~ ~.CJ\~~.~ Ollie Koropchak Executive Director Attachment c: Rick Wolfsteller, City Administrator TIF District No. 1-23 File \ "'\ \a) Monticello City Hall, 250 E. Broadway, PO Box 1147, Monticello, MN 55362-9245. (612) 295-2711. Fax: (612) 295-4404 Office of Public Works, 909 Golf Course Rd., Monticello, MN 55362 . (612) 295-3170 . Fax: (612) 271-3272 . Page: 5 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis. MN 55402 City of Monticello Ollie Koropchak November 30, 1999 ~~ ---1 MN190-000BO Midwest Graphics Amendment For All Disbursements As Follows: 10/18/1999 Lightning Legal Courier Total Disbursements: $ 29.70 29.70 Total Services and Disbursements: $ 29.70 . . J ( 'j ) . ~ December 13, 1999 MONTICELLO Mr. John Seckinger S1. Cloud Hospital 1406 Sixth Avenue North S1. Cloud, MN 56303-1901 Re: Reimbursement of Legal Fees Dear John: Per your letter of October 25, 1999, to Attorney Steven 1. Bubul, you agreed to reimburse the City of Monticello for reasonable costs incurred by the City relating to issuance of the revenue bonds on behalf of the hospital for the senior housing project. . Attached are two invoices from the legal firm for a total reimbursement to the City of Monticello in the amount of$174.75. Please remit to the City of Monticello, P.O. Box 1147, Monticello, MN 55362. Should you have any questions, please call me at 612-271-3208. Sincerely, CITY OF MONTICELLO ()~ ~<\l\~~ Ollie Koropchak Economic Development Director Attachments c: Rick Wolf steller, City Administrator File . \ L..\ ~) Monticello City Hall, 250 E. Broadway, PO Box 1147, Monticello, MN 55362-9245 . (612) 295-2711 · Fax: (612) 295-4404 Office of Public Works, 909 Golf Course Rd., Monticello, MN 55362 . (612) 295-3170 . Fax: (612) 271-3272 . Page: 8 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello Ollie Koropchak October 31, 1999 MN190-00081 Housing Revenue Bonds (St. Ben's Project) ~~~_~OJL Through October 31,1999 For All Legal Services As Follows: 10/19/1999 SJB Review Gonella letter, Housing Bond documents; phone call with Gonella; review St. Ben Contract. 10/28/1999 SJB Review letter from St. Cloud Hospital, fax to Wolfsteller. Total Services: For All Disbursements As Follows: . Fax Total Disbursements: Hours 0.75 0.20 $ Total Services and Disbursements: $ . Amount 104.25 27.80 132.05 $ 1.0.0 1.00 133.05 . Page: 6 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello Ollie Koropchak MN190~00081 ~~.. ~~ November 30, 1999 Housing Revenue Bonds (St. Ben's Project) Through November 30, 1999 For All legal Services As Follows: 11/5/1999 SJB Phone conference with K O'Driscoll re hearing; review documents; phone conference with R Wolfsteller re hearing Hours 0.30 Amount 41.70 Total Services: $ 41.70 . Total Services and Disbursements: $ . 41.70 . . . . Payment Request Certificate TO: Housing and Redevelopment Authority City of Monticello, Minnesota FROM: Ronald S. Musich DATE: December ~, 1999 Pursuant to Section 3.9(e) ofthe Second Amended and Restated Contract for Private Redevelopment the Housing and Redevelopment Authority for the City of Monticello, Minnesota. (the "HRA"). and Ronald S. Musich, the undersigned hereby requests payment in the sum of $ S~ <0 0 0 for the costs of constructing the Site Improvements as defined in Section 3.9(d) of the Agreement. The undersigned hereby certifies: 1. Undersigned has incurred and paid the Qualified Costs of the Site improvements in the following amounts: Grading $ /71'~ $ 4100 $ /11{13 $ tfl.!55 7gg ~ . , l. "------ $ :It /5:Z '}..6 Curb Construction Landscaping Exterior Concrete Work Fencing 2. No Event of Default has occurred and is continuing under the Agreement. 3. The undersigned has receiv d a Section 4.4 of the Agreement. Subscribed and Sworn to before me This Z- day of De ber, 1999: ~~.,.............. . ~~~~ . ~- ~ \ '{ d) December 17, 1999 MONTICELLO Scott and Amy Rolfe Skipper's Pool & Spa 101 West Broadway P.O. Box 1234 Monticello, MN 55362 Re: Use ofHRA lot on West Broadway Dear Scott and Amy: At the Housing and Redevelopment Authority meeting of December 1, 1999, the Commissioners noted debris was being stored on the HRA lot. The Commissioners recalled the HRA granted Skipper's Pool & Spa the use of the HRA lot for display purposes only at no cost. The Commissioners requested the user be notified to remove the debris stored outside on their lot. . On December 10, the City Building Inspector and myself stopped by Skipper's Pool & Spa and spoke with Amy relating to removal of the debris from the HRA lot per the request of the HRA Commissioners. On a follow-up inspection of December 17, the Building Inspector and myself noted the debris still remained on the HRA lot. Per the request of the Commissioners, please remove the stored debris from the HRA lot to conform with the granted use of the property: For display purposes only. Thank you for your immediate attention of this matter. Should you have any questions, please call me at 271-3208. Respectfully, HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO, MINNESOTA a~ \<:0\.0 ~J1~ Ollie Koropchak Executive Director . \ L.l '>- . c: File Monticello City Hall, 250 E. Broadway, PO Box 1147, Monticello, MN 55362-9245 . (612) 295-2711 . Fax: (612) 295-4404 Ot'tlce of Public Works. 909 Golf Course Rd., Monticello, MN 55362 . (612) 295-3170 . Fax: (612) 271-3272