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EDA Agenda 07-13-2011EDA MEETING Wednesday, July 13, 2011 6:00 p.m. Mississippi Room - 505 Walnut Street, Monticello, MN Commissioners: President Bill Demeules, Vice President Bill Tapper, Treasurer Tracy Hinz, Matt Frie, and Council members Tom Perrault and Brian Stumpf Staff: Executive Director Megan Barnett 1. Call to Order 2. Approve Meeting Minutes: a. June 22, 2011 3. Consideration of additional agenda items 4. Approval of EDA Invoices 5. Consideration of authorizing the last payment for Wright County Economic Development Partnership yearly dues 6. Request to call for a public hearing to consider granting a proposed business subsidy, conveying certain EDA property to Suburban Manufacturing, and concurring with the request that the City Council hold a public hearing on the proposed Modification to the Redevelopment Plan for Central Monticello Redevelopment Project No. 1 and the proposed establishment of Tax Increment Financing District No. 1 -39 and TIF Plan 7. Director Report 8. Adjourn "Proceed to closed meeting MINUTES ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, June 22, 2011 - 7:15 a.m. Commissioners Present: President Bill Demeules, Treasurer Bill Tapper, Tracy Hinz, Matt Frie, and Council Members Tom Perrault and Brian Stumpf Staff. Executive Director Megan Barnett - Livgard 1. Call to Order Bill Demeules called the meeting to order at 7:15 a.m. 2. Approve Meeting Minutes a) May 11, 2011 BILL TAPPER MOVED TO APPROVE THE MAY 11, 2011 EDA MINUTES. MOTION WAS SECONDED BY MATT FRIE. MOTION CARRIED 5 -0. b) May 24, 2011 BILL TAPPER MOVED TO APPROVE THE MAY 24, 2011 EDA MINUTES. MOTION WAS SECONDED BY BRIAN STUMPF. MOTION CARRIED 5 -0. 3. Consideration of additional agenda items a) Update on EDA vacancy 4. Approval of EDA Invoices Majirs! Advertising invoice represents the cost of newly designed folders and inserts which match the look of the new EDA website. BRIAN STUMPF MOVED TO APPROVE THE EDA INVOICES. MOTION WAS SECONDED BY BILL TAPPER. MOTION CARRIED 5 -0. Tom Perrault arrived at this point in the meeting. 5. Consideration of engaging the services of McComb Group to market downtown to key entities Staff met with consultant Jim McComb to begin to consider the implementation of the Embracing Downtown project. They discussed various development financing options. Economic Development Authority Minutes 0622/11 Staff noted that the new jobs bill had been extended for another year and this would allow the use of surplus TIF funds to kick start redevelopment projects. McComb proposed that the City engage his services to put together redevelopment proposals which focus on three key areas in the downtown and target specific end users. He has direct relationships with a number of contacts, among them Kohls, hotel, and a health food store, which may bring catalyst projects to the downtown. Staff pointed out that the McComb Group was chosen hot ffly for its reputation and design &pirb`� skills but for marketing connections to viable end a The cost of engaging McComb's services for marketing downtown would not exqoqdi ,000 and would be funded through the EDA marketing budget. BILL TAPPER MOVED TO ENGAGI TO MARKET DOWNTOWN MONTI SECONDED BY TRACY HINZ AND MCCOMB GROUP PRESENT A MA] MONTHS. MOTION CARRIED 7-0. 6. Director Report The Embracing Downtown Monticello n p.m. 7. Consideration of items added to the al* a) Update on EDA vacaxipy One application had been received to applications received at theit Septeml position will expire atthe end Of, P11. 8. Proceed to elosed session to consider pi 9. Adiournment The meeting was adjourned at 7:31 a.m. Recorder: Kerry T. Burri Approved: July 5, 2011 Attest: ERVICES OF THE MCCOMB GROUP TO KEY ENTITIES. MOTION WAS MENDED TO REQUEST THAT THE fG UP 0,d,ATE TO THE EDA WITHIN 3 -6 for Tuesday, June 28h at 4 [e EDA vacancy. The EDA will consider all meeting. The remaining term for the vacant Megan Bamett - Livgard, Executive Director 2 4. APPROVAL OF INVOICES: a. American Community News $104.00 *AD in shopper for EDA open seat b. Cornet Global *Yearly dues $750.00 c. Bullfrog Sweatshop $720.00 *Necessary website changes d. Kennedy and Graven $4,266.20 *purchase of 13.6 acre piece e. CMMA *Legislative Forum $15.00 f. McComb Group $3,811.58 *Embracing Downtown (165,444.24 spent to date) 0 z a 0 T 0 b C v i 0 0 0 0 00 T 0 O 0 O 0 v I aH O z a + � v r � S a N O U J N U o � A � 4 V ■ Y O U � 0 b C v i 0 0 0 0 00 T 0 O 0 O 0 v I aH a + U a N O N U o � 0 b C v i 0 0 0 0 00 T 0 O 0 O 0 v I aH M0HYCE-1LfLO TIMES 19917 VALI,.EY VIEW ROAD EDEN PRAIRIE MN 55344 (952) 392-6890 Fax(763)295-3080 Advertising Invoice and Statement CITY OF MONTICELLO ATTN: ACCOUNTS PAYABLE 505 WALNUT ST STE 1 MONTICELLO MN 55362 Amount Paid: Comments: nease RCLIJI❑ w Nei r 5r _-- 5/26/11j~ 1052831 VOLUNTEER OPPORT. EDA 2X 5.00 1 524--0 RNW1 05/26 10.00 0.00 104.00 104.00 MTI/MO J u - 2 2011 Due upon receipt Statement Ot ACCOunt -Aging of Past DUG AmoUMS --^_- c'-=-=iJv6f�9._;.: dY =` +�-_' ' ` _ - - - ='. 2$ :T. un : �.� : kbit-iic r.' _ tfEp ' � . .Gil3a s�- == —•= = : , �I'll'` , N/A N/A N/A N/A 104.00 HGXTlCELLO TIMES (952) 392-8890 ` UNAPPLIED AMOUNTS ARE INCLUDED IN TOTAL AMOUNT DUE '+t �':liivotc N25 1319688 05/2011 133 133 CITY OF MONTICELLO ers for the better part of three years),. let the Diamondbacks even it up. In the seventh, the Diamondbacks got to Duenslag and the Twins bullpen for four runs, stretching their lead to 6-2. The Twins responded with two runs on a Kubel triple in the eighth, only to see the Diamondbacks come back with two runs of their own in the bottom half of that inning. Little things like that cost you games. A two -run lead in the ninth is tough to over- come. A four -run lead is nearly impossible. Sure enough, the Twins scored three runs while recording just one out in the ninth inning. With three and four hitter$ Jason Kubel and Morneau corn- ing to the plate with the bases loaded and one out, it didn't look like those extra Diamondback runs in ground out to second to end the game. Just like that, another opportunity was lost and more momentum squandered. The next night, the Twins took a 6-3 lead into the eighth when left-hand- ed specialist Glen Perkins got hurt, and forced Gardenhire to bring his closer in an inning early. Capps wasn't up to the task. He allowed six run- ners to cross the plate in the eighth (four credited to him), and a 6-3 lead quick- ly turned into a 9-6 loss. Good teams might not finish every comeback and can't hold every lead. But more often than not, they find a way to come out on top. For the past decade, the Twins have fielded teams that have this very asset, It's time to adroit that this year's team doesn't. Apply In person at Monticello City Hall 505 Walnut St., Ste. 1 Monticello, MN 55362 763-295.2711 He has thrown four cot losses came in a 1-0 effo Cambridge, where Frederic the lone unearned run. Roberts is 3-1 on the sea earned wins in the shutdc Michael last Thursday nigh Tuesday. His success, like f ability to mix in off -speed balance. McNeil, who has also be Magic, has relied on his fas record on the mound this.se FRA. The Magic have won' started this season. No matter who they end those three will be relied pp run through the section, wh "I love catching them," r you have a good pitcher goi to win." Offe ively, Johnson co hitting a . 7 clip. McNei at .33 nd a o leads .the with 13 base hits, inc. home runs. Dan Jensen has on the Magic team, hitting . The Magic expect to f°mc where they will play. StE lotimes.com for more inforr Volunteer Economic Develol The City of Monticello is s position on the Economic i must be resident of Montici The EDA is charged with coc City of Monticello's econom ment plans and programs. I Housing Redevelopment Autl Objectives include: • Attracting jobs and new Job retention and expar Enhancing downtown • Facilitating redevelopme The EDA meets on the secon 6 p.m. If you are interested in this plete the City of Monticello 1 to: city of Monticello, Attn: Monticello, RAN 55362 FAX 71 Applications can be fot (wwuvci.monticello.mn.us) c reception counter. This position wiiiremain a Ann Zimmerman From: Megan Barnett Sent: Friday, June 10, 20118:45 AM To: Ann Zimmerman Subject: FW: CoreNet Global Membership Renewal Invoice Hi Annie, This is ok to pay out of the 213 membership dues account. Thanks! Mega o, ga rmtt-t._i vgarot eao". O DeVeLopmeot Director C�tlu of Mowt'ceUO 505 WaLwut street Mov.tLoeL[o MN 55302 Meg a vuBa rv�.ett@c%. w ovLUadto. vv vl,. Rs 7C'3.27 2.3208 (direct) 7r,3.29,5.4404 (fax) From: CoreNet Global [mailto:invoicing@corenetglobal.org] Sent: Tuesday, June 07, 2011 10:57 AM To: Megan Barnett Subject: CoreNet Global Membership Renewal Invoice F Dear Megan, Your CoreNet Global membership is due for renewal on 8/3/2011 and an invoice is attached for your kind attention. Also, you can take care of this instantly by clicking Renew Now. While we understand how the current economic climate is affecting your budgets, forcing you to prioritize your activities, we urge you to renew now as it has never been more important to stay connected with CoreNet Global and your peers. Together, we can share tactics for dealing with today's challenges as well as look for innovative ways to position our organizations for growth tomorrow. Your CoreNet Global membership is a valuable investment and the many Member Benefits include: • Local networking and Learning events • Knowledge Center level 1 passport access to research and publications • Online Membership Directory • Member rate for all Global Summits and Forums • Member rate for all MCR sessions • Member rate or free registration for all Chapter networking and learning events • Subscription to the Leader magazine • Industry collaboration to raise the profile of corporate real estate and ensure CoreNetGlobal is the 'voice of the occupier' Please let me know if you would like any additional information or have any queries regarding your membership renewal. Many thanks 41 Member Services Team CoreNet Globala 260 Peachtree St. NW Suite 1500 Atlanta GA 30303 T + 800-726-8111 1 F + 404-589-3201 membership(a corenetglobal.org www.corenetqllobal.org Membership Renewal INVOICI 260 Peachtree St. NW, Suite 1500 Atlanta, GA 30303 Phone 404-589-3200 Fax 404-589-3201 Bill To: Megan Barnett-Livgard City of Monticello MN 505 Walnut St Monticello, MN 55362 Comments or special instructions:for membership from 8/3/2011-8/2/2012 DESCRIPTION ( PRICE nited States Economic DeveloperDues: oluntary Learning Contribution: Don't lose a minute of benefits by postponing your payment today. LCall Member Services (800-726-8111) for help getting access ,to the Knowledge Center Online and the other great benefits included in your renewal payment. Total Amount Paid: MEMBER ID # 203003 INVOICE # 1000684332 DATE $75 $40.0 Check or Money Order Enclosed (Payable to CoreNet Global) include copy of invoice with check or money order) Card - ❑ Visa ❑ MC ❑ AMEX Card Number ame on Card ❑ Wire Transfer Membership Renewal INVOICE Exp. Date. ems-: Y achovia, N.A., 191 Peachtree St., NW - Atlanta, GA USA ABA# 061000227, Account # 2000017177542, Account name - CoreNet Global, Inc., SWIFT — PNBPUS33 Include your Name and Membership # if paying by wire. Important: All Bank charges are the responsibility of the payee and must not be deducted from the amount due. You may incur further Bank charges for any shortfall. i Please Remit to: CoreNet Global 260 Peachtree Street NW, Suite 1500, Atlanta, GA 30303 Fax: +1404.589.3201 4 f 10 website development & design PO Box 357 MONTICELLO, MN 55362 WWW.BULLFPOGSWEATSHOP.COM PHONE # 612-801-6717 DAVE@BULLFROGSWEATSH0P.COM CITY OF MONTICELLO ECONOMIC DEVELOPMENT ATTN: MEGAN BARNETT P.O. DUE DATE TERMS 7/5/2011 DUE ON RECEIPT UPDATE WEBSITE UPDATE WEBSITE AS REQUESTED BY CUSTOMER ADD PROPERTY PAGE TO ECONOMIC DEVELOPMENT SITE UPDATE WEBSITE UPDATE WEBSITE AS REQUESTED BY CUSTOMER CHANGE CONCIERGE TO RESOURCES CHANGE BR.& E TO BUSINESS INSIDER GET RID OF BR & E RETREAT ON MENU CHANGE SITE WIDE LINKS TO BOLD AND MAKE THEM MORE DISTINGUISHABLE UPDATE WEBSITE UPDATE WEBSITE AS REQUESTED BY CUSTOMER ADD ROTATING BANNER TO HOME PAGE UP TO 5 BANNER DESIGNS (3 RIGHT AWAY, 2 MORE IN TWO WEEKS ) AUTO ROTATING WITH ABILITY TO SCROLL UPDATE DESIGN OF HOME PAGE TO INCORPORATE ROTATING BANNER. THANKYOU FORYOUR BUISNESS! HAVE A GREAT DAY! BULLFROG SWEATSHOP LLC. f NVO I CE DATE 7/5/2011 INVOICE 52 3 80.00 240.00 1 80.00 80.00 5 80.00 400.00 SUBTOTAL $720.00 SALES TAX (6.875%) $0.00 TOTAL $720.00 PAYMENTS/CREDITS $0.00 BALANCE. DUE �� a O Cl O O 00 00 00 00 N N O O O a -� t- t -- y � � v L G z U d O �v o a C, i�•1 N N U V cz GO O O Q wo M a O Cl O O 00 00 00 00 N N O O O a -� t- t -- �y � � � v L G z U a O �v o a C, i�•1 N N U V W GO O O Q wo M 00 00 O O O C O_ O M O O O a -� �sCq �y � � � v L G z U a O �v o a U i�•1 N C U V O O O O O O M O O O v v v v, v C) o a O as o a A A Q wo wo wo q U b �, O •b b r N U w �� A a U 3 � U U W U Q ani fY O b � � o] � N U � � O O O CO O O M O O O v v v N N N _M N 7 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 (612) 337-9300 Tax ID No. 41-1225694 June 22, 2011 Statement No. 102690 Monticello EDA 505 Walnut Ave Suite 1 Monticello, MN 55362 Through May 31, 2011 MN325-00022 Chadwick Purchase Agreement I declare, under penalty of law, that this account, claim or demand is just and correct a d that no part of it has been paid. Signature of CIii ant 4,266.20 Total Current Billing; 4,266.20 Page: 1 Kennedy & Graven, Chartered rJ 200 South Sixth Street Suite 470 Monticello EDA Minneapolis, MN 55402 May 31, 2011 MN325-00022 Chadwick Purchase Agreement Through May 31, 2011 For All Legal Services As Follows: Hours Amount 5/2/2011 CBR Review correspondence; interoffice conference 0.25 31.75 5/4/2011 MNI Review title policy and blackline PA from seller's counsel; 1.50 270.00 phone conversation with M Barnett regarding same; office conference regarding closing with C Rocklitz; voicemail to seller's counsel, 5/4/2011 MNI Review Purchase Agreement and circulate; office 1.70 306.00 conference with C Rocklitz regarding title objections and phone follow-up with C Parson regarding same. 5/4/2011 CBR Interoffice conference regarding title and closer; review 0.25 31.75 policy and purchase agreement 5/412011 SJS Intraoffice conference with M. Ingram regarding easements 0.25 47.50 and references in Purchase Agreement. 5/5/2011 MNI Review Monticello EDA bylaws and enabling resolution; 1.10 198.00 review correspondence with seller's counsel regarding title commitment; final revisions to purchase agreement and circulate. 5/6/2011 MNI Review title documents; email to M Barnett regarding 1.20 216.00 schedule for closing and estimated timeline for titlework. 5/9/2011 MNI Office conference with C Rocklitz regarding closing 0.50 90,00 documents, title work. 5/9/2011 CBR Review documents and emails; interoffice conference with 0.50 63.50 M Ingram 5/16/2011 MNI Review title work; phone conversation with seller's counsel 2.90 522.00 regarding title objections; review title certificates; office conference with C Rocklitz regarding easement issue. 5/16/2011 CBR Review documents; prepare for closing; draft documents; 2.25 285.75 emails to client 5/17/2011 MNI Office conference with C Rocklitz regarding closing 0.70 126.00 documents; voicemail to M Barnett regarding termination of easement; follow-up regarding same with C Parsons. 5/17/2011 CBR Draft closing documents; interoffice conference; email 1.75 222.25 Page: 2 Kennedy & Graven, Chartered 200 South Sixth Street _. Suite 470 Monticello EDA Minneapolis, MN 55402 May 31, 2011 For All Disbursements As Fallows: 5/16/2011 American Office Products - Tabs 5.20 draft documents to parties 5/18/2011 MNI Phone and email correspondence with M Barnett, C 0.50 90,00 Parsons regarding termination of easement. 5/19/2011 MNI Follow-up with C Parsons on closing documents drafted 0.30 54.00 by seller. 5/23/2011 MNI Office conference with C Rocklitz regarding closing 1.60 288.00 matters; .phone conversation with M Barnett regarding termination of easement; circulate termination for execution; phone conversation with C Parsons regarding closing documents. 5/23/2011 CBR Interoffice conference with M Ingram regarding release of 0.50 63.50 TE; review documents and emails 5/24/2011 MNI Office conference with C Rocklitz regarding closing 0.50 90.00 issues; phone conversation with C Parsons regarding same; email to M Barnett regarding wire or check. 5/24/2011 CBR Review documents; emails regarding closing 1.00 127.00 5/25/2011 MNI Preclosing matters with C Rocklitz, C Parsons, M 2.10 378,00 Barnett. 5/25/2011 CBR Review closing documents; interoffice conference; emails 0,50 63.50 to closer regarding HUD; revise document 5/26/2011 MNI Final preclosing issues - settlement statement and 0.80 144.00 payment details, review executed documents; email to C Rocklitz regarding status. 5/26/2011 CBR Emails regarding closing issues 0.25 31.75 5/31/2011 MNI Office conference with C Rocklitz regarding final closing 0.60 108.00 matters; follow-up with M Barnett regarding same. 5/31/2011 CBR Emails and interoffice conference regarding closing 3.25 412.75 issues; draft letter to closer; phone calls with client and closer Total Services: $ 4,261.00 For All Disbursements As Fallows: 5/16/2011 American Office Products - Tabs 5.20 Monticello EDA May 31, 2011 `F Page: 3 Kennedy & Graven, Chartered 200 South Sixth Street r Suite 470 Minneapolis, MN 55402 Total Disbursements: $ 5.20 Total Services and Disbursements: $ 4,266.20 CMMA PO Box 150 Elbow Lake MN 56531 Bill To City Of Monticello Invoice Date Involce71 6/29/2011 329 _y y: P.O. No. Terms Project Due July 8 Quantity Description Rate Amount I CMMA Legislative Forum 15.00 15.00 Megan Garnett-Livagard I V�W V 1 Ito 390 JtN 30 2011` r ti Total $15.00 000 MCCOMB GROUP Ltd. 1100 ❑�� RETAIL EC SO N 5 ULTANTS June 16, 2011 Statement #3923 CITY OF MONTICELLO 505 Walnut Street Monticello, Minnesota 55362 Attention: Ms. Megan Barnett STATEMENT -- RE: EMBRACING DOWNTOWN MONTICELLO STUDY Previous Balance Payments Received Professional Services McComb Group, Ltd Economic Development Services, Inc. Architectural Consortium L.L.C. Subtotal Total This Statement BALANCE DUE Retainer Balance $ 59,000.00 Statements for each firm are attached. $ 8,008.61 $ 8,008.61 $ 1,638.80 1,113.75 1,059.03 $ 3,811.58 $ 3,811.58 $ 3;811.58 222 South Ninth Street Suite 380 Minneapolis, Minnesota 55402 • (612) 339-7000 Fax: (612) 338-5572 000 MCCOMB GROUP Ltd. D■E]R E A L E S T A T E A N D am R E T A I L C O N S U L T A N T S June 16, 2011 Statement #3923A CITY OF MONTICELLO 505 Walnut Street Monticello, Minnesota 55362 Attention: Ms. Megan Barnett STATEMENT -- RE: EMBRACING DOWNTOWN MONTICELLO STUDY Previous Balance Payments Received Professional Services James B. McComb Subtotal Expenses Mileage Geocoding Report Production Subtotal 5.00 .hrs. @ $ 275 0.25 hrs. @ $ 45 $ 2.55 250.00 ,, „1 $ 2,595.91 $ 2,5195.91 $ 1,375.00 $ 1,375.00 $ 263.80 Total This Statement $ 1,638.80 BALANCE DUE. .$ 'T'erms: Net ten days. Interest (at a rate of 1.5 percent per month) will be charged on all balances outstanding at the end of the month. 222 South Ninth Street Suite 380 Minneapolis, Minnesota 55402 • (612) 339-7000 Fax: (612) 338-5572 Economic Development 5ervicoo May 31, 2011 James B. McComb, President McComb Group, Ltd. 222 South Ninth Street Suite 380 Minneapolis, MN 55402 Invoice Embracing Downtown Monticello Professional Services at $135/hour for May 2011 Preferred alternative (3.75 hr) Project Management/team & staff coordination (2.25hr) Community engagement (2.25 hr) Total Please make checks payable to Economic Development Services, Inc. 3109 West 50`h St. #204 Minneapolis, MN 55410 (612) 925-2013 fax (612) 925-2942 email: jlcing@ecoiidevelop.com 506.25 303.75 303.75 $1,113.75 '$11 1"k!'11 11111+i'Stl'e-i, `.1112 K-0 Gi r:jJCl :itl;+i,; hai:l.l_:.,�E,.lhs. r:�IP,I �!'�•i°)I •. h12.1�g:' �r'Ir:O .�';• June 7, 2011 McComb Group Ltd. 222 South. Ninth Street, Suite 3 80 Minneapolis, MN 55402 Attn: Jim McComb Project: Downtown Monticello Architectural Consortium LLC Project # 10-1068-01 Invoice #9 Billing Period: May 2- June 1, 2011 .ARCHITECTURAL DESIGN SERVICES Basic Services: Team meeting at AC Revises/ updated concept diagram Architectural .fees: $1,050.00 Reimbursable Expenses: copies $8.40 Sales tax @7.75 % $.63 TOTAL DUE $ 1,059.03 Payment due within, 30 days of receipt of invoice Thank You. Payable to: Architectural Consortiwn LLC 901 North Third Street; Suite 220 Minneapolis, MN 55401 Attn: Kathy Anderson 5. CONSIDERATION OF AUTHORIZING FINAL ANNUAL DUES PAYMENT TO WRIGHT COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP: A. REFERENCE AND BACKGROUND: In February the EDA authorized a six month trial membership to the Wright County Economic Development Partnership. The trail membership related to the fact a new Executive Director had recently been hired and requested the EDA allow him time to make necessary changes to the organization to be more effective. B. STAFF RECOMMENDATION: At this time, City Staff is recommending the City continue to participate in the Partnership until the end of the year and then re- evaluate. While the organization continues to go through many different changes and transitions, some positive progress has been made. Buffalo has rejoined the organization and Otsego and Waverly are also seriously considering joining. An Administrators group has been formed to specifically discuss how we can progressively market Wright County to new robust companies. The organization is also looking at modifying monthly luncheon speakers to try to gain higher attendance rates. While City Staff believes the organization still needs to continue to make improvements for the betterment of the organization, it would seem counterproductive to pull out of the organization when other Cities are joining forces and stepping forward to collectively create a better economic climate in Wright County C. ALTERNATIVE ACTION: 1. Motion to approve authorizing payment in the ainount of $1,087 for the second half of 2011 membership dues to Wright County Economic Development Partnership. 2. Motion to deny paying Wright County Economic Development Partnership the second half of 2011 membership dues. 3. Table action for further research and discussion. D. ATTACIIMENTS: None EDA 7.13.11 EDA Agenda: 07/13/11 6. CONSIDERATION OF ADOPTING RESOLUTION #2011 -68 CALLING FOR A PUBLIC HEARING ON THE PROPOSED BUSINESS SUBSIDY AND CONVEYANCE OF CERTAIN EDA PROPERTY TO SUBURBAN MANUFACTURING AND CONCURRING WITH THE CITY COUNCIL ACTION TO CALL FOR A PUBLIC HEARING FOR THE CREATION OF TIF DISTRICT 1- 39. (MB) A. REFERENCE AND BACKGROUND: Suburban Manufacturing is a local manufacturing company providing solutions in areas such as hydraulics, lubrication, fluid mechanics, and pneumatics. Their current facility is located at 301 Chelsea Road. Suburban is experiencing tremendous growth and has determined it is time to expand their facility. They are proposing to construct a 35,000 to 40,000 square foot office, machining, and warehouse facility in the Monticello Business Center. The proposed project will bring new full -time permanent jobs to Monticello. The exact number of jobs will be determined within the next few weeks as negotiations continue to occur. They would like to subdivide Outlot C of Otter Creek and situate the building adjacent to Chelsea Road and Dalton Avenue. Suburban Manufacturing has received a copy of the Preliminary Development Agreement and submitted a deposit of $5,000. An additional $5,000 dollars will be required by August 1, 2011. It is anticipated that the City Council will approve a resolution calling for a public hearing date of August 22, 2011 at their July 11, 2011 meeting. The public hearing is associated with the modification of the Redevelopment Plan of the Central Monticello Redevelopment Project No. 1 and establishment of TIF District No. 1 -39 and approval of the TIF Plan. TIF District No. 1 -39 will be created as an Economic Development District to assist in the write -down of land and infrastructure (potentially) costs to Suburban Manufacturing. In order to initiate the TIP process and sale of land, the EDA will need to call for a public hearing to consider awarding a business subsidy and conveyance of EDA property to Suburban Manufacturing. The EDA will also need to make a motion concurring with the City Council's action to call for a public hearing to modify the Redevelopment Plan for Central Monticello Redevelopment Project No. 1 and the proposed establishment of Tax Increment Financing District 1 -39. B. ALTERNATIVE ACTIONS: Motion concurring with the City Council's action to adopt Resolution #2011 -61 calling for a public hearing to be held on August 22, 2011, to consider the proposed Modification to the Redevelopment Plan for Central Monticello Redevelopment Project No. 1 and the proposed establishment of Tax Increment Financing District 1- 39 (Suburban Manufacturing) and approval of the TIF Plan. 2. Motion to adopt Resolution #2011 -68 calling for a public bearing on the proposed awarding of a business subsidy and conveyance of certain EDA property to Suburban Manufacturing. EDA Agenda: 07/13/11 2. Motion to deny moving forward with the creation of TIF District #I -39 and conveyance of land to Suburban Manufacturing. 3. Motion to table the item for further research and discussion. C. STAFF RECOMMENDATION: City staff recommends Alternative #1 and #2. Suburban Manufacturing is a local company desiring to expand and relocate their current facility to the EDA /City owned industrial park. The company will create additional livable wage jobs and expand the City's tax base in the future. The City and EDA has approved many similar requests including; Karlsburger, Dahlheimer Distribution, UMC, etc.. The City and EDA have stated a desire to support local business expansions. Therefore Staff believes calling for a public hearing to consider awarding a business subsidy and conveying property along with concurring with the City Council action of calling for a public hearing for the creation of a new TIF District for the purposes of supporting a local business expansion is consistent with past practice and desired City Council /EDA direction. D. SUPPORTING DATA: 1. Resolution #2011 -68 2. Resolution #2011 -61 3. Schedule of Events 4. Monticello Business Center Plat N CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY CITY OF MONTICELLO WRIGHT COUNTY STATE OF MINNESOTA RESOLUTION NO.2011 -68 RESOLUTION CALLING FOR A PUBLIC HEARING ON THE PROPOSED AWARDING OF A BUSINESS SUBSIDY, AND CONVEYANCE OF CERTAIN EDA PROPERTY, TO SUBURBAN MANUFACTURING, INC. BE IT RESOLVED, by the Board of Commissioners (the 'Board ") of the City of Monticello Economic Development Authority (the "EDA ") as follows: WHEREAS, Minnesota Statutes, Sections 1161993 to 116J.995 (the 'Business Subsidy Act" or "Act ") governs the granting of business subsidies by units of government; and WHEREAS, the EDA is a grantor within the meaning of the Act; and WHEREAS, the EDA proposes to provide certain financial assistance to Suburban Manufacturing, Inc., or a related entity (the "Developer "); and WHEREAS, the assistance will include conveyance to Developer of certain property owned by the EDA within the Monticello Business Center (the "Property "), all pursuant to Minnesota Statues, Sections 469.090 to 469.1.081 (the "EDA Act'); and WHEREAS, EDA is required under the EDA Act to hold a public hearing sale of the Property, and is also required to hold a public hearing before awarding a subsidy that will exceed $150,000; and WHEREAS, the EDA estimates that the value of the subsidy (in the form of land write down and any other assistance provided) will exceed $150,000 and therefore will constitute a subsidy within the meaning of the Business Subsidy Act. NOW, THEREFORE BE IT RESOLVED by the Board as follows: The EDA shall meet on August 10, 2011, at approximately 6:00 P.M., to hold a public hearing to consider (a) awarding a business subsidy to Developer, and (b) the sale of the Property to Developer. 2. Staff and consultants are authorized and directed to take all steps necessary to prepare a purchase and development contract, including the business subsidy agreement and provisions related to conveyance of the Property. Staff and consultants are authorized and directed to cause notice of the hearing to be published at least once in the official newspaper of the City not later than 10 days, and no sooner than 20 days, prior to August 10, 2011, and to place a copy of the proposed business subsidy agreement on file and to make such copy available for inspection by the public. Approved by the Board on July 13, 2011. President ATTEST: Executive Director 388634v2 SJB MM90 -139 CITY OF MONTICELLO WRIGHT COUNTY, MINNESOTA RESOLUTION NO. 2011 -61 CALLING FOR A PUBLIC HEARING BY THE CITY COUNCIL ON THE PROPOSED ADOPTION OF A MODIFICATION TO THE REDEVELOPMENT PLAN FOR CENTRAL MONTICELLO REDEVELOPMENT PROJECT NO. 1 AND THE PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 1 -39 (SUBURBAN MANUFACTURING OR RELATED ENTITY) BE IT RESOLVED, that the City Council for the City of Monticello, Minnesota shall call for a Public Hearing on August 22, 2011, at 7:00 p.m., on the proposed adoption of a Modification to the Redevelopment Plan for Central Monticello Redevelopment Project No. 1 (the "Redevelopment Plan Modification "), the proposed establishment of Tax Increment Financing District No. 1 -39, (an economic development district), and the adoption of a Tax Increment Financing Plan (the "TIF Plan "); all pursuant to and in accordance with Minnesota Statutes, Sections 469.001 to 469.047, and Sections 469.174 to 469.1799, inclusive, as amended, in an effort to encourage the development and redevelopment of certain designated areas within the City; and BE IT FURTHER RESOLVED, that City staff is authorized and directed to work with Ehlers & Associates, Inc. and Kennedy and Graven, to prepare the Plans, (the Redevelopment Plan Modification and the TIF Plan are referred to collectively herein as the "Plans "), and to forward documents to the appropriate taxing jurisdictions including Wright County and Independent School District No. 882. The City Clerk is authorized and directed to cause notice of the hearing, together with an appropriate map as required by law, to be published at least once in the official newspaper of the City not later than 10, nor more than 30, days prior to August 22, 2011, and to place a copy of the Plans on file in the City Clerk's office at City Hall and to make such copy available for inspection by the public. ADOPTED BY the Monticello City Council this 11`x' day of July, 2011. CITY OF MONTICELLO Clint Herbst, Mayor ATTEST: Jeff O'Neill, City Administrator SCHEDULE OF EVENTS CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY AND THE CITY OF MONTICELLO WRIGHT COUNTY, MINNESOTA FOR THE PROPOSED MODIFICATION TO THE REDEVELOPMENT PLAN FOR CENTRAL MONTICELLO REDEVELOPMENT PROJECT NO. 1 AND THE PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 1 -39 (an economic development district) AND THE AWARDING OF A BUSINESS SUBSIDY TO SUBURBAN MANUFACTURING, INC. OR RELATED ENTITY AND THE ISSUING OF A BUILDING PERMIT (draft as of July 5, 2011) July 11, 2011 City Council calls for public hearing on the proposed Modification to the Redevelopment Plan for Central Monticello Redevelopment Project No. 1 and the proposed establishment of Tax Increment Financing District No. 1 -39. July 13, 2011 EDA ratifies its request that the City Council hold a public hearing on the proposed Modification to the Redevelopment Plan for Central Monticello Redevelopment Project No. 1 and the proposed establishment of Tax Increment Financing District No. 1 -39. EDA calls for public hearing on granting business subsidy, and on sale of property. July 13, 2011 Project information (property identification numbers and legal descriptions, detailed project description, maps, but /for statement, list of sources and uses of funds, and estimated fiscal impacts of the project public improvements and on fire and police protection) for drafting necessary documentation sent to Ehlers. July 18, 2011 Ehlers confirms with the City whether building permits have been issued on the property to be included in TIF District No. 1 -39. July 22, 2011 Fiscal /economic implications received by School Board Clerk and County Auditor (at least 30 days prior to public hearing). [Ehlers will fax and mail on or before August 5, 2011.] July 25, 2011 Ehlers conducts internal review of Plans. July 28, 2011 Date of publication of EDA hearing notice for granting a business subsidy and sale of property (at least 10 days but not more than 20 days prior to hearing). [Monticello Times publication deadline, July 25, 2011 — Ehlers will e -mail notice to newspaper on or before July 25, 2011.1 August 2, 2011 Planning Commission reviews Plans. August 8, 2011 City Council approves final plat for newly created lot within the Monticello Bus. Center SCHEDULE OF EVENTS - PAGE TWO CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY AND THE CITY OF MONTICELLO FOR THE PROPOSED MODIFICATION TO THE REDEVELOPMENT PLAN FOR CENTRAL MONTICELLO REDEVELOPMENT PROJECT NO.1 AND THE PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 1 -39 August 11, 2011 Date of publication of hearing notice and map for a Modification to the Redevelopment Plan for Central Monticello Redevelopment Project No. 1 and the establishment of Tax Increment Financing District No. 1 -39 (at least 10 days but not more than 30 days prior to hearing). [Monticello Times publication deadline, August 8, 2011 — Ehlers will e -mail notice and map to newspaper on or before August 8, 2011.) August 10, 2011 EDA holds public hearing at 6:00 P.M. on granting business subsidy and sale of property, and approves Development Agreement. EDA considers the Plans and adopts a resolution approving the Plans. EDA approves an Interfund Loan in connection with TIF No. 1 -39. Schedule a Pre - design meeting to review plans prior to submitting formal building permit and site plan review plans August 15, 2011 Submit building permit and site plan review applications (review takes 3 weeks) August 22, 2011 City Council holds public hearing at 7:00 P.m. on a Modification to the Redevelopment Plan for Central Monticello Redevelopment Project No. 1 and the establishment of Tax Increment Financing District No. 1 -39 and passes resolution approving the Plans. [Ehlers will e -mail Council packet information to the City on or before August 15, 2011.1 August 23, 2011 (or within a week thereafter) Ehlers files request for certification of the TIF District; also schedule closing on EDA sale of land for week of August 29t1, or September 5"' September 6, 2011 Pre - construction meeting By October 23, 2011 (or not later than 60 days after date of filing request for certification) Ehlers files Plans with the MN Department of Revenue and the Office of the State Auditor. "The County Board, by law, has 45 days to review the plan to determine if any county roads will be impacted by the development. Please be aware that the County Board could claim that tax increment should be used for county roads. An action under subdivision I, paragraph (a), contesting the validity of a determination by an authority under section 469.175, subdivision 3, must be commenced within the later of: (1) 180 days after the municipality's approval tinder section 469.175, subdivision 3; or (2) 90 days after the request for certification of the district is filed with the county auditor under section 469.177, subdivision 1. 0 EHLERS 8 8880C18TE8 INC 0 T 0 z n m 0 s_ fill C K m Z n m 0 0 v m z z m m o � zm O z �m _m m A i 3 T a � o 'm Z n 3 m° �� pA R "nm on�.ox.v xe su 6q,c / CVO / m / T / S / A / m / / O / G1 i0 O ➢O O O -1 O 2 m I m m Z o T O C C m 0 m p m O O p 1 r O 1 N _ -- --------- ___ -_ - -_. o / amr o Yy� d° w0 o a m P2 dm =3 A / / d qg a Economic Development Director Updates: IEDC: The IEDC did not hold a meeting in July. City Council: The City Council approved allocating matching funds to continue to purchase phase 3 of Bertram Chain of Lakes, the Park and Trail map was approved, and they approved rezoning the old bowling alley from I -1 to B -2 for the purposes of allowing Quarry Church to develop on the site. On July 11, 2011 the City Council will consider the following items: a. Improvement project to replace pavers along Walnut Street b. Installing a box culvert for CSAH 75 Pedestrian Underpass as part of the CSAH 75 and 120«' Street intersection improvement project Planning Commission: See attached agenda BR &E: No new updates. Inquiries: City Staff is working with Suburban Manufacturing to construct a new facility within the EDA's industrial park. Aroplax's warehouse addition continues to move forward. Staff sent an email to the owner's (Steve and Paul) the week of June 27th inquiring how the addition was coming along and congratulating them on making their expansion plans a reality. Steve and Paul responded stating the expansion was proceeding in good order. Marketing / Venues: The Greater MSP organization is a private and public organization recently established to collectively address economic development in the state of MN . Below is a description of Greater MSP's mission and objectives: Greater MSP is a private - public partnership whose mission is to stimulate economic growth and prosperity in the Minneapolis Saint Paul region. Its primary role is to be a value -added resource to all economic development organizations and activities throughout the region, with the goal of a brighter future for all residents of the region. Together with our economic development partners, Greater MSP will provide vision, strategy, resources, and staff support to link state and local governments and organizations involved with job creation, regional marketing, and business recruitment and retention. Specifically, Greater MSP will lead or partner with existing organizations to: • Set a strategic vision for regional economic development • Define and guide a tactical economic development agenda • Brand and market our region to internal and external audiences • Retain and expand current businesses in the region • Attract new businesses to the region • Connect businesses with local resources and incentives City Staff has been contacted by Ted Mondale, consultant working with Greater MSP, to assist in efforts connecting Wright County to Greater MSP. It is anticipated an event for local Wright County business leaders will be held at the end of July. Aligning ourselves with an organization like Greater MSP one has the potential to give Monticello great exposure to robust companies. For example, the Board of Directors for the organization consists of executives from Ecolab, General Mills, Cargill, and US Bank Corporation. Normal social media, direct mailings, and attendance at important conferences continue to occur. Business Communications & Retention Initiatives: Staff completed a second business video update through Wright County Cable commission. It is anticipated the video will be posted on the economic development website by mid July. Jim Mcklenburg and the Economic Development Director met in June to discuss Project Lead the Way. Jim will be providing a formal presentation on the program to the IEDC in August. City Staff is trying to schedule a meeting with the Monticello Superintendent, District Curriculum Director, MN Workforce Center, and local businesses to address the importance of offering the robust Project Lead the Way curriculum to students. In an effort to implement a local education or training program to Monticello businesses, City Staff has been working with St. Cloud Technical College to create an effective list of appropriate classes. A few ideas have been discussed with local businesses including: safety, technical math, geometrical tolerance & dimensioning, and welding. Staff contacted several manufacturing companies inquiring about their interest to send their employees to any of these classes. Staff has received a lake warm response. However, staff does understand the importance of continuing to offer education opportunities to businesses and therefore will continue to follow up to potentially offer a pilot class this fall. Embracing Downtown: A downtown meeting was held on June 28, 2011. The consulting team presented their draft preferred alternative plan and began discussing the financial /implementation part of the project. Please see attached power point presentation. The meeting was well attended by downtown stake holders. Subsequent to the meeting, the Economic Development Director reviewed the Scope of Work contract signed by the City and McCombs Group. At this juncture it is important to complete an audit of the process and contract. A lengthy email was sent to the consulting team outlining outstanding items, establishing expectations for the remainder of the process, and determining a September la` deadline for draft final documents to be submitted to staff. Economic Development related articles: None at this time. Misc. EDA July 13, 2011 Ehlers has completed the requested review of TIF 1 -22. Staff is in the process of reviewing the information. It is anticipated the item will be put on the August agenda for review and direction. Budget preparations and discussions are in the beginning stages for 2012. If the EDA would like to budget for a specific initiative or project next year please contact either the Economic Development Director or Finance Director to discuss. It is anticipated staff will bring forward a proposed budget for the EDA at the August meeting. Future Meeting Dates: 1. IEDC: August 2, 2011 2. EDA: August 10, 2011 EDA July 13, 2011 AGENDA REGULAR MEETING — MONTICELLO CITY COUNCIL Monday, June 27, 2011— 7 p.m. SPECIAL MEETING 6 p.m. - 2010 Audit Workshop Mayor: Clint Herbst Council Members: Lloyd Hilgart, Tom Perrault, Glen Posusta, Brian Stumpf Call to Order and Pledge of Allegiance 2A. Approval of Minutes — June 13, 2011 Special Meeting/Workshop 2B. Approval of Minutes — June 13, 2011 Regular Meeting Consideration of adding items to the agenda 4. Citizen comments, public service announcements, and staff updates a. Citizen Comments: 1) Veolia — landfillpresentation 2) Jessie Hart, MnGFOA - presentation of Comprehensive Annual Financial Report Award b. Public Service Announcements: 1) Downtown Final Concept Review (6/28) 2) Block Party at MCC (7/7) 3) Riverfest(7 /7 -10) C. Staff Updates: 1) Introduction of Ben Ranft, FiberNet General Manager 2) Potential State shutdown impacts 5. Consent Agenda: A. Consideration of approving payment of bills for June 27th B. Consideration of approving new hires and departures for City departments C. Consideration of adopting Resolution #2011 -55 approving contribution from Tom Perrault for the General Fund D. Consideration of approving city assistance related to a special event permit for Rotary Taste of the Town event on September 15th at the Park & Ride Lot E. Consideration of approving application for 1 -day temporary on -sale liquor license for the Monticello Rotary Club Taste of the Town event F. Consideration of approving city assistance related to a special event permit for the Downtown Block Party to be held on July 6"' G. Consideration of approving an application for a temporary charitable gambling permit for the Wright County/West Metro Whitetails on September 11, 2011 at River City Extreme H. Consideration of approving applications for a temporary 2 -day liquor license and a charitable gambling permit for the Church of St Henry's fall festival on September 17 -18, 2011 Consideration of ratifying the negotiated Labor Agreement between the City of Monticello and the International Union of Operating Engineers, Local 49 for April 1, 2011 to March 31, 2013 Consideration of adopting Ordinance #531 approving a request for rezoning from I -1 (light industrial) to B -2 (limited business) for Lots 1 and 2, Block 1, Oakwood Industrial Park (101 Chelsea Road); Applicant: Quarry Community Church/City of Monticello K. Consideration of adopting Ordinance #532 approving an amendment to the Official Monticello Zoning Map; Applicant: City of Monticello L. Consideration of adopting Resolution #2011 -58 accepting streets and utilities for Carlisle Village I" through 5a' Additions M. Consideration of approving Monticello Community Center policies for 2011 6. Consideration of items removed from the consent agenda for discussion 7. Public Hearing - Consideration of adopring Resolution #2011 -54 vacating drainage and utility easements for Outlot A, Monticello Business Center 5'1' Addition; Applicant: Quad Development, LLC 8. Public Hearing — Consideration of adopting Resolution #2011 -56 for issuance of a cable franchise in the City of Monticello to Bridgewater Telephone Company, dba TDS Telecom 9. Consideration of accepting the 2010 Audit Report 10. Consideration of adopting Resolution #2011 -53 for approval of the 2011 Monticello Parks & Trail Plan and amending the 2008 Comprehensive Plan with an addendum to Chapter 5 for the Parks & Trail Plan 11. Consideration of approving City match for 2011 Phase 3 acquisition at the Bertram Chain of Lakes Regional Park /YMCA Camp Manitou 12. Consideration of adopting Resolution #2011 -57 to participate in the Performance Measures Program developed by the state's Council on Local Results and Innovation and adopt the corresponding ten Performance Measures 13. Added items 14. Adjournment AGENDA MONTICELLO PLANNING COMMISSION Tuesday, July 5th, 2011 6:00 PM Mississippi Room, Monticello Community Center Commissioners: Rod Dragsten, Brad Fyle, Charlotte Gabler, William Spartz, and Barry Voight Council Liaison: Lloyd Hilgart Staff: Angela Schumann, Ron Hackenmueller, Steve Grittman —NAC 1. Call to order. 2. Consideration to approve the Planning Commission minutes of June 7th, 2011. 3. Citizen Coniments. 4. Consideration of adding items to the agenda. 5. Public Hearing - Consideration of an amendment to the Monticello Zoning Ordinance, Chapter 3, Section 7, Special Use Overlay District, including amendments to the official zoning map of the City of Monticello. Applicant: City of Monticello 6. Public Hearing — Consideration of an amendment to the Monticello Zoning Ordinance, Chapter 4, Section 13 - Telecommunications Towers and Antennas, Chapter 5, Section 1- Use Table, Chapter 5, Section 2 — Use Specific Standards and Chapter 5, Section 3 - Accessory Uses Applicant: City of Monticello 7. Zoning Ordinance Amendments — Code Tracking Update 8. Community Development Director's Report. Verbal Update 9. Adjourn. Embracing Downtown Monticello Downtown Stakeholder Meeting June 28, 2011 Agenda • Welcome/introductions • Framework plan • Transportation planning review • Implementation planning • Downtown revitalization framework • Next steps —! *`Ldh( > � SHOPPING AREA WEST OF HIGHWAY 25 Study Overview ,'Research & analysis ✓Alternatives & preliminary feasibility ✓Stakeholder review of alternatives -'Identification of preferred alternative ✓Preferfed alternative, including siraiegy • Downtown revitalization strategy Downtown Monticello T Framework Plan �.6a...gt-.v^c.rcPr RIVER ORIENTED SHOPPING CONVENIENCE / SERVICES TRANSITIONS PUBLIC SPACES HIGHWAY 25 CORRIDOR Refined Scheme A Adjusted location of public parking at 411 and Walnut. • Reduced size of potential anchor to avoid the need to relocate the State Fame office. Adjusted Walnut Street storefront area and parking to retain Walnut Street function and image. • Expanded parking for existing uses at Broadway and Locust Street. • Basis for estimating downtown trip generation. Refined Scheme A Limits of Transportation Study • Revitalization area from 5" Street to the River and from Linn Street to Palm Street. • Analyzed eleven intersections with State Highway 25. • Analyzed three intersections with County 25/Broadway Street, Estimated Trip Distribution ?-" 27% oriented to and from the - north side of the river. 23% oriented south of the freeway. 8% oriented to and from 1-94. • 20% oriented east and west on Broadway. • 20% oriented east and west on local east/west streets. • Distribution applied to trips generated in the downtown area only. 2030 Traffic Forecasts — with Second River Crossing Forecasts divert significant through - traffic growth. Forecast growth plus downtown revitalization can be accommodated. Second river crossing is critical to downtown success. Market Study Customer Distribution • Trade area and respondents from market study describe downtown users. Distribution of respondents used to estimate customer travel to and from downtown. 2030 Traffic Forecasts — Single Bridge Forecasts include some downtown growth. Forecasts include significant through - traffic growth. Capacity in downtown area is exceeded and cannot be fully mitigated. Summary of Findings — Primary Intersections 1. Second river crossing essential to maintaining workable traffic volumes on Highway 25 through downtown. 2. Current design for Highway 25/Broadway intersection functions through 2030 with downtown revitalization. 3. Traffic signal can successfully be added at 414 Street to improve local access. Signal timing creates opportunity for safe pedestrian crossing. 4. Intersection at 71 requires westbound left tum lane and northbound right tum lane to function adequately. 5. 1-94 off ramp north ramp requires lengthened right turn lane. 6. Intersections south of 1-94 operate adequately through 2030 with downtown revitalization. Summary of Findings — Secondary Intersections 7. Traffic signal at Highway 25 and River Street should remain operational to optimize off- peak local access. 8. Queues from Highway 25 and Broadway will affect Locust Street access during PM Peak Hours; operations acceptable at most times. g. Queues from Highway 25 and Broadway will affect Cedar Street access during PM Peak Hours. 10. Queues from Highway 25 and Broadway will extend past 3i0 Street during Peak Hours. Recommend right-in/right-out per Concept Plans to limit conflicts. 11. Analyzed 5"1 Street for potential right-in/right- out access. Benefits are small considering costs for right-of-way needed, and need to extend median on Highway 25. OPEN AIR SHOPPING CENTER FUNCTIONAL RENT ALLOCATION Bicycle Trail Coordination • North-South Regional bike trail follows Highway 25 corridor. • Highway 25 corridor on -street outside of downtown area. • Consider combined offstreet bike and pedestrian system along Highway 25 through downtown. • East -west primary route following Broadway and River Street. • Trail diversion at east and west bridge park to avoid Highway 25/River intersection. • Provide bike way -point in park. 4,r, �; all — 4_ ANCHOR BLOCK ECONOMICS SWAG ESTIMATE Anchor Allocation Ram Block Expansion Com—n Ram Total Building Land Area Not Rant $15.00 $12.50 $0.50 S 2.00 Exterior CAM' 1.90 1.90 Property Taxes 3.35 2.35 0_20 0.80 Total $20.25 $14.85 $0.70 S 4,70 DOWNTOWN MONTICELLO S 1,750,000 FUNCTIONAL RENT ALLOCATION CA Capital Costs 8901000 Allocation 1,235,000 Total $ 2,640,000 $ 2,970,000 common Rem Total Building Land Area Net Rant $13.00 $12.50 $0.50 S - CALicansa 2.00 180,000 2.00 Exterior CAM' 1.90 1,070,000 375,000 1.90 Property Taxes 2.55 2.35 0_20 2,559,00 Total 519.45 $14.85 $D.70 S 3.90 'Comewr Aroo MniMonarice. Saco: M<Ca Gm ,Lrd S 605,000 $ (1,581,000) Bicycle Trail Coordination • North-South Regional bike trail follows Highway 25 corridor. • Highway 25 corridor on -street outside of downtown area. • Consider combined offstreet bike and pedestrian system along Highway 25 through downtown. • East -west primary route following Broadway and River Street. • Trail diversion at east and west bridge park to avoid Highway 25/River intersection. • Provide bike way -point in park. 4,r, �; all — 4_ ANCHOR BLOCK ECONOMICS SWAG ESTIMATE Sauc•: Moana Group Ltd �i Anchor Ram Block Expansion Total Gross Leasable Area 65,000 25,000 90,00 T --homes 18 18 Project Costs Acquisition (AU) $ 1,400,000 $ 2,100,000 $3,500,000 Contingency 25% 350,000 525.000 875,000 Total S 1,750,000 $ 2,625,000 $4,375,000 CA Capital Costs 8901000 345,000 1,235,000 Total $ 2,640,000 $ 2,970,000 $5,610,000 Revenues Land Salo-Conarn-1a1 $ 325,000 S 125,000 S 450,000 Land Sale-Rosidantial 180,000 180,000 Capitalized Tl 1,070,000 375,000 1,445,000 Capital'¢ad CA Foos 1,850,000 709,000 2,559,00 Total $ 3,245,000 S 1,389,000 $4,634,00 Gifferonce S 605,000 $ (1,581,000) S (976,000) Sauc•: Moana Group Ltd �i Economic Development Financial Strategy Capital Fund Operating Fund Sources of Funds Sources of Funds TIF Fund Balances Exterior CAM Fees Land Sales Other Tax Increments convenient downtown with a CA -License Fees healthy, viable business mix Other • Attract additional Uses of Funds Uses of Funds Land Acquisition Exterior CAM Expenses Relocation Other Demolition Site Improvement Other ✓ Monticello Economic Niche Sub Regional Center between St. Cloud & Maple Grove ✓ Design & Appearance • Re -orient downtown 90 degrees; increase visibility & access to major transportation corridors • Transportation system that works for cars, bicycles & pedestrians • General districts to maximize river & highway access & create business synergy • Attractive, safe downtown with healthy, viable business mix Downtown Revitalization Framework ✓Economic niche ✓Design & appearance ,/Safety, traffic, parking, pedestrians • Leadership/organization • Marketing & promotion How can Downtown Build on unique river access & recreational opportunities strengthen Create an attractive, safe, Monticello's convenient downtown with a role as the healthy, viable business mix sub -regional • Attract additional retail/service sector activity— center including health care & between St. education Cloud & Maple • Attract area residents & Grove? visitors with positive activities that make Monticello a destination in the region (e.g. arts/culture, sports, meetings, recreation, entertainment, swans) ✓ Safety, Traffic, Parking, Pedestrians • Transportation system that works for cars, bicycles & pedestrians • Create places that feel safe (e.g. well - lighted, minimize need to cross Hwy 25) • Pedestrian friendly; bicycle friendly • Trail connections Leadership & Organization • Business & property owners understand economic challenges & opportunities • Public & private sector commitment to long term strategy • Leadership & teamwork (volunteer & staff) • Tools in place to support change — Financing — Communicate the vision Questions & discussion Next steps Compact Scheme A Marketing & Promotion • Marketing & promotion to attract healthy tenant mix • Joint marketing & promotion to attract residents, employees & visitors to downtown — Downtown business events, cross -selling, promotion, advertising, outreach to major employers — Park & civic center programming Compact Scheme A Retail around Broadway hway 25 ction. nchor location west ut. orientated toward y 25. edestrian way along de of Walnut Street ® nt to new storefronts. red parking added at nd of retail zone. treet vacated to ark expansion. parking added west wt adjoining park. nd medical office redevelopment between ?R and road--' Compact Scheme B Scheme A at yl Highway 25 on. ® tail use located to Highway 25. d parking located to new retail. treat pedestrian ore constricted than A. rest is vacated railroad and y Street for tion of office area ighway 25. d surface parking east of Highway 25 allows two-story Compact Scheme B Expanded Scheme C Expanded Scheme C Similar to Schemes A & B at Broadway / Highway 25 ction. istrict extends an at one-half block Locust Street. parking allows red parking to be later. n of anchors es the area devoted II shops. rian connection on Street will require e landscape to the pedestrian r. Scheme C proposes vacation of Cedar Street Minimalist Scheme D le D attempts to limit count of existing pment displaced. t St. vacated north of Nay. lructures are located so e existing structures car, i during construction. rred parking added for k. fired parking would be d when the anchor pment occurs. Street is the eastern Minimalist Scheme D Village Green Concept Long-term opportunity to implement when change to municipal liquor store and adjoining retail is appropriate. Potential public open space to book -end Riverfront Park at the south end of Walnut Street. Creates open space that can be programmed in conjunction with Community Center. Creates significant "Window' to Community Center from downtown southern gateway on Highway 25. • Expands parking needed to support retail shops south of RR tracks. Provides setting for "Community • 4 r . ' _JA ,. n lY . • i. 1 y` ! ' �'-1" . ti i''• tir � � ••� �� � .r • • {� ti• j 1��, iL �- y 1 � ,'r- _ , a ' . 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