EDA Agenda 02-12-2014EDA MEETING
Wednesday, February 12th, 2014
6:00 p.m.
Mississippi Room - 505 Walnut Street, Monticello, MN
EDA Workshop - 2014 Workplan
5:00 PM
(To reconvene immediately following the regular meeting as necessary.)
Commissioners: President Bill Demeules, Vice President Bill Tapper, Treasurer
Tracy Hinz, Matt Frie, Rod Dragsten and Council members Tom Perrault and Brian Stumpf
Staff. Executive Director Jeff O'Neill, Wayne Oberg, Angela Schumann
1. Call to Order.
2. Approve Meeting Minutes:
a. December 11th, 2013 Special Meeting Minutes
b. December 11th, 2013 Regular Meeting Minutes
c. January 8th, 2014 Regular Meeting Minutes
3. Consideration of additional agenda items.
4. Consideration of approving payment of bills.
5. Annual Meeting:
a. Consideration to elect officers
b. Consideration of acceptance 2013 EDA Fund Balance Report
c. Consideration to review Bylaws
d. Consideration to review Business Subsidy policies
6. Consideration to review for approval 2014 Greater MSP Sales Force partnership
commitment.
7. Consideration of Director's Report.
8. Adjourn.
MINUTES
SPECIAL MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Monday, December 11, 2013 — 4:30 p.m.
Present: Bill Demeules, Bill Tapper, Tracy Hinz, Matt Frie, Rod Dragsten, Tom Perrault
Absent: Brian Stumpf
Others: Angela Schumann, Jeff O'Neill, Wayne Oberg, Steve Johnson, Koran Sorenson
1. Call to Order
Bill Demeules called the special meeting to order at 4:30 p.m.
2. Purpose
The purpose of the special meeting is to provide an opportunity for the EDA Options
Sub - Committee to update the full EDA as to progress as it relates to property acquisition
strategies in support of the Embracing Downtown Plan.
3. Topic
Angela Schumann summarized that the EDA had appointed Matt Frie and Rod Dragsten
to an EDA Options Sub - Committee in response to Bill Tapper's suggestion that a small
group be directed to provide the EDA with a framework for making decisions related to
downtown property acquisition. Tapper and reSTOREing Downtown's Steve Johnson
acted as resources for the sub - committee.
Matt Frie spoke of how the sub - committee looked to the Land Use and Economic
Development chapters of the Comprehensive Plan and the Embracing Downtown Plan to
identify guiding principles and viable strategies. Downtown has a unique identity which
consists of interrelated and mutually supportive high density mixed uses. As such, certain
redevelopment needs cannot be achieved without public intervention.
The Embracing Downtown Plan identifies the importance of diversifying land use,
encouraging redevelopment of old and obsolete structures, consolidating smaller parcels
with multiple ownerships to increase marketability, expanding facilities and parking,
encouraging mixed use, discouraging stand alone residential use in the core, establishing
physical connections between the downtown and riverfront, and including evening and
weekend attractions. The EDA financially supported these priorities by adopting a
management plan and amending spending plans for TIF Districts 1 -22 and 1 -6 in 2013.
Bill Tapper indicated that guiding principles were needed to:
EDA Special Meeting Minutes 12/11/13
• Optimize the value of the land for the landowner
• Gain site control of property large enough to entice developers
• Enable the EDA to be the catalyst but only in limited circumstances the developer
for redevelopment
• Enable the EDA to signal to developers the type of development desired and
willingness to work together to completion
• Partner with land and property owners to actively participate in further investing
in Monticello
• Keep properties on tax rolls
• Encourage businesses to stay until property redevelops
• Ensure that the EDA only owns property under certain circumstances (such as a
willing seller and an affordable price, property is distressed and requires
intervention, land is needed for public purpose, or obtained through tax
foreclosure)
• Require EDA participation through TIF funding and /or the provision of land, deed
grants, GMEF, or environmental cleanup
After some discussion about the process and costs involved in acquiring property and
relocating tenants in the Montgomery Farms buildings, the sub - committee decided to
investigate other strategies for gaining site control in the downtown area. They suggested
that the EDA would be most effective in the role of preparing sites for development and
removing physical or economic barriers to achieving community objectives.
Rod Dragsten summarized that the sub - committee had considered numerous acquisition
strategies such as trades, options agreements and outright purchases in an attempt to
maximize EDA resources. Although an options agreement would address many of the
guiding principles of the Embracing Downtown Plan, it was determined to be too costly a
strategy. The sub - committee contacted Janna King of Economic Development Services to
learn how property acquisition had been successfully handled in other localities. King
said that it had proven useful for an EDA to limit its role to providing concept
development and financial seed money. The work of property assembly and negotiations
would then be handled by a corporation established specifically for that purpose. The
property owner and others interested in redevelopment would be directly involved in
handling the property sale or acquisition.
Bill Tapper reiterated that the EDA would be responsible for the vision and for proving
the vision to be viable. Once proven viable, the EDA would fund costs involved in site
concept and development plans. The reSTOREing Downtown group would be
responsible for funding their organization and the corporation they help to establish as
well as any landowner coordination costs and private investment analysis.
Steve Johnson said that the reSTOREing Downtown group had formed a non - profit
corporation as a sub - committee of the Monticello Chamber so that it could act as a group
EDA Special Meeting Minutes 12/11/13
with legal standing. The group is well positioned to take on the role of assisting property
owners in forming and functioning as an LLC to establish site control and move
redevelopment forward. He indicated that an experienced developer had proposed
reimbursing the cost of a market study which verified that a mixed use concept would be
viable in the downtown.
Bill Tapper said that the Embracing Downtown Plan concept had included a hospitality
use but that a market study for that specific use had not been conducted. He noted that the
regular EDA agenda includes a request to fund a hospitality study.
Tracy Hinz asked for clarification about funding approval protocol. Angela Schumann
stated that funding for market studies are included as a general sub -fund expense in the
EDA annual budget allocation approved by City Council. She pointed out that Council
must consider redevelopment action so that it is consistent with overall city plans.
4. Adjournment
TOM PERRAULT MOVED TO ADJOURN THE SPECIAL MEETING AT 5:42 PM.
TRACY HINZ SECONDED THE MOTION. MOTION CARRIED 6 -0.
Recorder:
Approved:
Attest:
Kerry Burn
19
Jeff O'Neill, City Administrator
MINUTES
ECONOMIC DEVELOPMENT AUTHORITY (EDA) MEETING
Wednesday, December 11, 2013 - 6:00 p.m., Mississippi Room
Present: Bill Demeules, Bill Tapper, Tracy Hinz, Matt Frie, Rod Dragsten, Tom Perrault
Absent: Brian Stumpf
Others: Angela Schumann, Jeff O'Neill, Wayne Oberg, Janna King, Steve Johnson, Koran
Sorenson, John Uphoff
1. Call to Order
Bill Demeules called the meeting to order at 6:00 p.m.
2. Acceptance of Minutes - November 13, 2013
BILL TAPPER MOVED TO ACCEPT THE NOVEMBER 13, 2013 MEETING
MINUTES AS PRESENTED. MATT FRIE SECONDED THE MOTION. MOTION
CARRIED 6 -0.
3. Consideration of additional agenda items None
4. Consideration of approving payment of bills
BILL TAPPER MOVED TO APPROVE THE PAYMENT OF BILLS THROUGH
NOVEMBER 2013 IN THE AMOUNT OF $ $6,229.25. TRACY HINZ SECONDED
THE MOTION. MOTION CARRIED 6 -0.
The final invoices related to relocation costs at the Montgomery Farms buildings will be
available for consideration at the January EDA meeting.
5. Consideration of an update on Embracing Downtown Implementation Strategies;
Sub - Committee on Property Acquisitions
Angela Schumann summarized the EDA Options Group update which had been
presented to the full EDA at a special EDA workshop just prior to this regular meeting.
The Land Use and Economic Development chapters of the Comprehensive Plan
emphasize that downtown is a unique commercial district which requires public
intervention to achieve development goals and community objectives. Intervention may
include service improvements, provision of parking, land acquisition, site preparation and
removal of physical or economic barriers. The Embracing Downtown Plan helped to
define these guiding principles by identifying priorities such as diversifying land use,
emphasizing redevelopment, balancing parking needs, establishing physical connections
to the core, riverfront and parks, expanding facilities to create an anchor attraction and
focusing on attracting evening and weekend activity.
EDA Minutes: 12/11/13
The EDA adopted a management plan to maximize the use of pooled tax increment in
TIF 1 -22 and modified the TIF 1 -6 plan to provide additional support to achieving
comprehensive plan and Embracing Downtown plan objectives. In further recognition of
the need to be strategic in managing limited assets, the EDA appointed Matt Frie and Rod
Dragsten to a sub - committee to explore property acquisition options. Bill Tapper and
reSTOREing Downtown Steering Committee member Steve Johnson acted as resources
to the sub - committee. The sub - committee objectives were to gain site control of blocks of
land in the downtown district to entice development, optimize the value of landowner
holdings and maximize resources to accomplish redevelopment. These objectives are
based on the following principles:
• to be a catalyst for redevelopment
• to signal to developers an interest in particular types of development
• to engage land owners in actively participating in identifying a developer
• to recognize the need to potentially partner to bring development
• to keep properties on the tax rolls as long as possible
• to encourage businesses to operate until redevelopment occurs
• to only own property only under certain circumstances (willing seller,
intervention, public improvement, tax foreclosure)
It was noted by the sub - committee that the EDA should expect to financially participate
in redevelopment projects as appropriate. Some of the economic development funding
strategies available include establishing a new TIF district for redevelopment, combining
adjacent land or parking areas that are publicly owned, utilizing GMEF, facilitating
DEED grants /loans, seeking grants to initiate environmental analysis and providing
planning /engineering support.
The sub - committee had initially researched and discussed option agreements as an
acquisition strategy but found that, although viable in some circumstances, limited
financial resources could become an issue. The sub - committee also consulted with Janna
King from Economic Development Services to learn how redevelopment had been
accomplished through public /private partnerships in other communities. King pointed to
the value of establishing a networking group to identify opportunities and gaps. The EDA
may be initially involved in concept and project development and eventually in financing
assistance. In other communities, the private sector partners formed a corporation to
facilitate redevelopment in terms of assembling land and negotiating a sale price.
Schumann noted that the reSTOREing Downtown group was established to provide an
organizational structure which would encourage and facilitate the goals of the Embracing
Downtown Plan. She suggested that the group may provide the networking opportunity
for partnership development and a resource framework for the private sector.
Schumann summarized that the process of determining appropriate options for property
EDA Minutes: 12/11/13
acquisition includes many variables and is site specific. The Embracing Downtown Plan
will require sustained community interest and investment over a 20 year horizon. She
suggested that the Options group may continue to meet as needed to refine ideas.
Matt Frie suggested that the EDA act as a bridge between landowners and developers to
make projects feasible. He noted the importance of Chapter 4 of the Comprehensive Plan
in guiding the process. He also said that the EDA must be committed to providing
economic assistance to prepare sites for development and remove impediments.
6. Consideration of a request for funding of a market study analysis for hospitality
uses as related to the Embracing Downtown plan
Angela Schumann summarized that, although a detailed market study had been
completed as a component of the Embracing Downtown plan, it had not focused
specifically on the potential development of a hospitality project. The Plan's Design
Guidelines indicate that "Landmark" designated areas adjacent to the river can and
should support hospitality, boutique shopping and river - oriented recreation. The
Economic Development chapter of the Comprehensive Plan also points to the importance
of understanding realistic market potential.
The reSTOREing Downtown Group recommended that a hospitality market report be
prepared as a priority. Schumann agreed that funding such a report would be an important
factor in understanding the feasibility and future marketability of a downtown hospitality
use. It would also signal the EDA's continued commitment and support for the
accomplishment of the Embracing Downtown plan.
Janna King, who had been extensively involved in the Embracing Downtown planning
process, provided additional detail and responded to questions. She stated that the
purpose of the analysis would be to determine if there is a market for a hotel and what it
would look like in terms of size and character.
Rod Dragsten asked how the analysis would be conducted. King indicated that it would
involve summarizing data and conducting interviews with large businesses within the
community to determine the potential for use and a range of price points.
Tracy Hinz asked how this market study differed from the McComb study. King said that
the previous study analytics had focused on the retail consumer. She noted that a
hospitality study would be oriented toward a number of rooms. Hinz asked if the study
would identify a potential location for a hotel. King said that the analysis could be used
on a variety of sites but that there may be some site specific information.
Economic Development Services would coordinate the scope and day -to -day
management of the project to maintain cohesion with the Embracing Downtown Plan.
The analysis is expected to be completed by March.
EDA Minutes: 12/11/13
TRACY HINZ MOVED TO RECOMMEND THE EDA CONTRACT WITH
ECONOMIC DEVELOPMENT SERVICES TO FUND A MARKET STUDY
ANALYSIS FOR HOSPITALITY USES AS RELATED TO THE EMBRACING
DOWNTOWN PLAN AT A COST NOT TO EXCEED $10,000. BILL TAPPER
SECONDED THE MOTION. MOTION CARRIED 6 -0.
7. Consideration to review and approve the EDA General Fund budget for 2014
Wayne Oberg noted that the City Council had adopted the 2014 City budget on December
9th. The budget includes a $93,000 transfer to the EDA General Fund. The amount is
$1,000 more than previously discussed and somewhat offsets the allocation of expenditures
for IT services and insurances. Oberg indicated that copy costs would be reallocated
throughout the City budget. He also reallocated the cost of liability coverage, which is
based on expenditures, to the EDA. In addition, Oberg pointed out that the $1,000 in
revenue received from farm rental property does not cover the cost of the property tax paid.
He recommended that it be handled in a more cost - effective manner in the future.
The miscellaneous expenditure line item was adjusted to keep the overall 2014 budget
proposal for EDA general operations at $114,000. The prior amount was $112,000.
BILL TAPPER MOVED TO ADOPT THE 2014 PROPOSED BUDGET AS
PRESENTED. ROD DRAGSTEN SECONDED THE MOTION. MOTION CARRIED
6 -0.
a �
8. Economic Development Director's Report
TIF 1 -6 Update — The City Council approved the decertification of TIF District 1 -6
effective December 31st
2014 EDA Workplan — The EDA will prepare the 2014 workplan at its January meeting.
100 Broadway East Tenant Relocation Update - Active relocation to a new site is
moving forward for the remaining tenant at 100 Broadway East. A month to month lease
for the current space and a lease for the new space have been signed. Progress has also
been made on the construction build out. Unlawful detainer action has been halted. Dan
Wilson will monitor the relocation. The projected completion date is the end of March.
Market Matching Report — W SB's John Uphoff provided an update on the approach
underway to market Monticello locally, statewide and regionally. He highlighted recent
activities involved in targeted prospect outreach, customer resource management,
featured property campaign, local broker and landowner contacts, data collection, and
efforts to launch an incubator and accelerator space downtown. He noted that a builder
for large retail stores has been exploring local sites and that a qualified lead has indicated
interest in moving a growing business to Monticello. Uphoff had also met to review a site
plan involving the Rand House property in an effort to encourage such private sector
4
EDA Minutes: 12/11/13
development initiatives. He will work to coordinate his role with that of the reSTOREing
Downtown group and the economic development services to be provided by Janna King.
He pointed out that Market Matching efforts are going well in terms of establishing
contacts, engaging leads, and facilitating a growing recognition of Monticello at the state
level. He suggested that the City apply for a 2014 Progress Minnesota innovation award
in the municipal finance and commerce category for investing in municipal fiber.
Hinz inquired about the reach of marketing efforts in terms of local versus national or
regional. Uphoff responded that it is critical that Monticello stay engaged at all levels.
9. Adjournment
BILL TAPPER MOVED TO ADJOURN THE MEETING AT 6:54 P.M. MATT FRIE
SECONDED THE MOTION. MOTION CARRIED 6 -0.
Recorder: Kerry Burri
Approved:
Attest:
Jeff O'Neill, City Administrator
qe
7'
MINUTES
ECONOMIC DEVELOPMENT AUTHORITY (EDA) MEETING
Wednesday, January 8, 2014 - 6:00 p.m., Mississippi Room
Present: Bill Tapper, Tracy Hinz, Rod Dragsten, Tom Perrault, Brian Stumpf
Absent: Bill Demeules, Matt Frie
Others: Angela Schumann, Jeff O'Neill
1. Call to Order
Bill Tapper called the meeting to order at 6:00 p.m.
2. Acceptance of Minutes — December 11, 2013 Special and Regular Meetings
The special meeting and regular meeting minutes of December 11, 2013 were not
available for consideration at this time.
3. Consideration of additional agenda items None
4. Consideration of approving payment of bills
BRIAN STUMPF MOVED TO APPROVE PAYMENT OF BILLS THROUGH
DECEMBER 2013 IN THE AMOUNT OF $84,397.94. ROD DRAGSTEN SECONDED
THE MOTION. MOTION CARRIED 5 -0.
Angela Schuman indicated that Dan Wilson had confirmed that the invoices presented are
expected to be the final request for reimbursement of relocation costs submitted by the
dental office.
5. Consideration to request that the City Council call for a public hearing on a
Modification to the Tax Increment Financing Plan for Tax Increment Financing
District No. 1 -39
Tammy Omdahl of Northland Securities stated that the EDA request that the City
Council call for a public hearing to modify the Tax Increment Financing Plan for TIF 1-
39 is essentially a housekeeping item which requires a formal notification and hearing
process.
The original TIF 1 -39 Plan included a budget $329,000 for land acquisition. The City and
the EDA had, however, approved a land transaction and authorized an interfund loan in
excess of that budget. The actual property purchase cost was $413,994.
EDA Minutes: 01/08/14
Omdahl pointed out that bonds would not be issued because state statute defines bonds as
inclusive of interfund loans for TIF districts. The EDA will be repaid for the value of that
land through future tax increment revenue collected.
ROD DRAGSTEN MOVED TO REQUEST THAT THE CITY COUNCIL CALL FOR
A PUBLIC HEARING ON A RESOLUTION FOR MODIFICATION TO THE TAX
INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT
NO. 1 -39 AND TO DIRECT STAFF TO WORK WITH NORTHLAND SECURITIES
TO PREPARE REQUIRED MODIFICATION DOCUMENTATION. BRIAN STUMPF
SECONDED THE MOTION. MOTION CARRIED 5 -0.
6. Consideration to provide direction as related to development of 2014 EDA workplan
Angela Schumann summarized that, although the EDA had accomplished some of its
2013 objectives, some gaps do exist. She suggested, in particular, that the EDA may want
to move the housing objective forward to 2014 in order to address utilizing the increment
available for these purposes.
Tom Perrault said that he'd noticed that there wasn't a for -sale sign on a particular
property owned by the EDA and asked that the sale of such properties be discussed as
one of the goals of the workplan. Schumann pointed out that the EDA /City Council
Acquisitions Team had recently completed a preliminary analysis of EDA owned
properties which would provide useful information to bring to that discussion.
Schumann proposed that the EDA conduct a workshop prior to its regular annual meeting
on Wednesday, February 12th to begin to develop the 2014 workplan.
Tracy Hinz expressed an interest in allowing for additional time to discuss and define the
2014 workplan. Perrault suggested meeting before and after the regular EDA meeting.
TRACY HINZ MOVED TO CALL AN EDA WORKSHOP AT 5:00 PM ON
FEBRUARY 12TH, 2014 FOR THE PURPOSE OF DEVELOPING THE 2014 EDA
WORKPLAN. THE WORKSHOP WOULD RECESSS AT 6PM FOR THE REGULAR
EDA MEETING AND BE CONTINUED, IF APPROPRIATE, IMMEDIATELY
FOLLOWING THE REGULAR MEETING. TOM PERRAULT SECONDED THE
MOTION. MOTION CARRIED 5 -0.
7. Consideration of the Director's Report
TAC Update - The January 9th TAC meeting is to be rescheduled.
reSTOREing Downtown meeting — The reSTOREing Downtown Leadership Team will
meet Thursday, January 16th at 8 a.m. at the Monticello Community Center to provide an
update on 2013 activities and 2014 initiatives.
EDA Minutes: 01/08/14
EDA/CC Land Sale & Acquisition Team Meeting — As previously mentioned, this
group met to review and consider issues related to each EDA and City -owned property.
Results of that review will be summarized for the workshop.
Block 34 Properties - Staff continues to take steps toward establishing a new
redevelopment district on Block 34. This effort will be somewhat determined by
recommendations made by the TAC.
IEDC Workplan - Schumann briefly summarized the 2014 workplan recently adopted
by the IEDC. The IEDC reaffirmed their role in networking and advocating for economic
development and supporting the work of the TAC. In addition, members committed to
being proactive in bringing forward issues for discussion.
9. Adiournment
BRIAN STUMPF MOVED TO ADJOURN THE MEETING AT 6:16 P.M.
TRACY HINZ SECONDED THE MOTION. MOTION CARRIED 5 -0.
Recorder: Kerry Burri
Approved:
Attest:
Jeff O'Neill, City Administrator
EDA Agenda: 02/12/14
4. Consideration of approving payment of bills (WO)
A. REFERENCE AND BACKGROUND:
Included are the previous month's invoices for approval of payment.
B. ALTERNATIVE ACTIONS:
1. Motion to approve payment of bills through January 2014 in the amount of
$64,943.71.
2. Motion to approve the registers with changes directed by the EDA.
C. STAFF RECOMMENDATION:
City staff recommends approval of payment for submitted invoices.
D. SUPPORTING DATA:
Invoices
Accounts Payable
CITY OF
Transactions by Account
User: Ann.Zimmemran
Printed: 01108/2014 - 12:45PM
Batch: 00202.011014
Account Number
Vendor
Description GL Date
Check No
Amount PO No
213- 46301 - 430400
CAMPBELL KNUTSON PA
General - Pizza Factory 12/23/2013
0
28.00
Vendor Subtotal for Dcpt:46301
28.00
213 - 46301 -433100
VICKI LEERHOFF
Reimb mileage - 1018 - 10121113 Loch] 12123/2013
0
3.16
Vendor Subtotal for Dept46301
3.16
213- 46301- 443300
EDP OF WRIGHT COUNTY
2014 Member Investor 01/14/2014
111731
2,431.40
Vendor Subtotal for Dept:46301
2,431.40
213 - 46522- 438300
CENTERPOINT ENERGY
MGFARM - 9739641 -0 12/23/2013
111725
69.45
213136522- 438300
CENTERPO]NT ENERGY
MGFARM - 9739645 -1 12/23/20I3
11I725
15.61
21346522-438300
CENTERPOINT ENERGY
MGFARM - 9429449 -3 12/23/2013
111725
75.26
213116522- 438300
CENTERPOINT ENERGY
MGFARM - 9429448 -5 12/23/2013
111725
196.69
213 - 46522- 438300
CENTERPOINT ENERGY
MGFARM - 9429450 -1 12/23/2013
111725
269.75
Vendor Subtotal for Dept46522
626.76
Subtotal for Fund: 213
3,08932
AP- Transactions by Account (0110812014 - 12:45 PM) Page 1
Account Number
Vendor
Description
GL Date Check No
Amount PO No
Report Total: 3,089.32
The preceding list of bills payable was reviewed and approved for payment.
Date: 2112114 Approved by:
Tracy Hinz, Treasurer
AP- Transactions by Account (01/0812014 - 12:45 PNO Page 2
Accounts Payable
Transactions by Account
'User: Ann.Zimmerman
Printed: 0111 512014 - 12:52PM
Batch: 00201.01.2014
Monticello
Account Number Vendor Description GL Date Cbeck No Amount PO No
213-46522-431000
US BANK CORPORATE PMT SYS Advanced Disposal - MGFARM -100 12131/2013 0
Vendor Subtotal for Dept--46522
Subtotal for Fund: 213
Report Total:
The preceding list of bills payable was reviewed and approved for payment.
Date: 2112114 Approved by:
Tracy Hinz, Treasurer
10.55
10.55
10.55
10.55
AP- Transactions by Account (01/1512014 - 12:52 PM} Page 1
Accounts Payable
Transactions by Account
User: Ann Zimmerman
Printed: 01/22/2014 - 12:47PM
Batch: 00204.01.2014
Account Number
Vendor
Description GL Date
Check No
Amount PO No
213 - 46301 -431990
HARRY LAN TO
1 /8 /13EDAmtgrecording 01128/2014
0
50.00
Vendor Subtotal for Dept:46301
50.00
213 -46520- 465110
RIVERWOOD BANK
Pay -as- you -go 2nd 112 Principal 12/31/2013
111826
- 1,015.82
213 - 46520 -465110
RNERWOOD BANK
Pay -as- you -go 2nd 112 Interest 12/31/2013
111826
3,212-00
Vendor Subtotal for Dept:46520
2,196.18
213- 46522 - 430400
KENNEDYAND GRAVEN CHART Liquor Store Acquisition through 1213 12/31/2013
111803
864.00
Vendor Subtotal for Dept-.46522
864.00
213 -46522- 438100
XCEL ENERGY
ZCULPS - 51- 0623082 -8 01/28/2014
111847
9.49
213465221438100
XCEL ENERGY
MGFARM - 51- 0517384 -8 01/28/2014
111847
3.96
213 - 46522 -438100
XCEL ENERGY
MGFARM - 51- 0592578 -0 01/28/2014
111847
12.59
213- 46522 - 438100
XCEL ENERGY
MGFARM - 51- 0517365 -5 01128/2014
111847
105.42
Vendor Subtotal for Dept:46522 131.46
213 - 46524- 465110 ST CLOUD HOSPITAL Pay-as-you-go 2nd 1/2 Interest 12/31/2013 111830 4,204.32
213146524- 465110 ST CLOUD HOSPITAL Pay -as- you -go 2nd 112 Principal 12131/2013 111830 16,738.39
Vendor Subtotal for Dept:46524 20,942.71
AP- Transactions by Account (01/22/2014 -12:47 PM) Pave 1
Account Number 'vendor Description GL Date Check No Amount PO No
213 - 46529- 465119
FRONT PORCHASSOC=S M Pay -as- you -go 2nd 112 Principal 12/31/2013
111798
725.04
213-46529-465110
FRONT PORCHASSOCIA ES LIT Pay-as-you-go 2nd 112 Interest 12/31/2013
111798
6,461.30
Vendor Subtotal for Dept-46529
7,186.34
213 - 46581- 465110
BBF PROPERTIES INC Pay -as- you -go 2nd 112 interest 12/31/2013
111787
25,417.17
Vendor Subtotal for Dept:46581
25,417.17
213 - 46585465110
MASTER'S FIFTH AVE INC Pay -as- you -go 2nd V2 Interest 12/31/2013
111806
5,055.98
Vendor Subtotal for Dept:46585
5,055.98
Subtotal for Fund: 213
61,843.84
Report Total:
61,843.84
The preceding list of bills payable was reviewed and approved for payment.
Date: 2112114 Approved by:
Tracy Hinz, Treasurer
AP- Transactions by Account (OI/22/2014 - 12:47 PM) Page 2
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Attorneys At Law i,'. P1 '+''wr. ik«h.-�...;lxnN!��
Federal Tax I.D. 441.1662130
317 Eagandale Off lee Center
1380 Corporate Center Curve
Eagan, Minnesota $6121
(681) 452 -6000
City of Monticello Page: 1
November 30, 2013
City Hull ' . Account 4 2348 -fl00G
Walnut Street 136
Monticello MN 56962
JA N'
RE: ADMINISTRATION 2014
SERVICES RENDERED TO DATE:
1110412013
TMS Telephone conference with Angela Schumann re: Pizza
Factory. 1 z4�0 �i"l D'Vp 0.20 28,00
60) ve'vX(
JJJ Emails Jeff re, funding for bond Issue. 0.30 42,00
11106/2013
JJJ
Ernalla Cathy re: personnel ordinance, review and follow -ups
0.50
70.00
JJJ
Emalls Wayne and Jeff re: contract for blo- solids slte /farm
lease.
0.50
70.00
11107/20/3
JJJ
Community Development � Emaiis Angela re: Shadow Creek
Corp., follow--yaps.
0160
70,00
VrdJJ
Ernails. Angela and Jeff, final review of Counoll memo and
ZK
Berirann documents, �,�`l i� pVI fi I \f
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0.60
70.00
11 f11I2013
JJJ
Review Council agenda and materials.
1100`
140.00
11/1212013
JJJ
Emails Marls, Jeff, Shlbanl re: lease,
1,50
210:00
JJJ
Emails Jeff re: business subsidy and free FlberNet.
0.60
70,00
1 111 3/2013
JJJ
Emails Jeff, Shlbanl, Marie, fallow -ups re: lease, bidding for
r
City of Monticello
RE: ADMINISTRATION
SERVICE8-RENDRRP -0 TO PATE:
construction, etc.
11114/2013
JJJ
Community Development - Emalls Angola re: West Metro
application, requirements, follow -ups with Angela, 5hlbani
JJJ
and Jeff.
11/15120'13
and Jeff re: deferred assessments, miscellaneous.
JJJ
Community Development - Emalls and telephone call Angela
JJJ
re: Hillside default, project security and Improvement
completion options.
111181201 3
Community Development - Emalla Angela and Steve G. re:
JJJ
Community Development- Follow -up emalla Angela re:
Hillside, default,
JJJ
Staff amails, review schedule,
JJJ
Review staff emails, Council agenda packets and materials.
1111912013
.
JJJ
Finance - Emalls Wayne re; budgeting, research and
respond, follow-ups.
11/20/2013
JJJ
Ernails and meet with Wayne re; acquieltion of property
through share purchase of company, follow -ups with Jeff.
JJJ
Community Developrent - Meeting with Cathy and Angela
and Jeff re: deferred assessments, miscellaneous.
11/21/2013
JJJ
Follow -ups from meeting with Cathy and Angela re. deferred
assessments, review notes.
JJJ
Community Development - Emalla Angela and Steve G. re:
approval of amendments for tower and telecommunication
sites, process and standards.�� --�
1 112512013
JJJ
Review staff emails, Council agenda packets and materials.
AMOUNT DUE;
TOTAL- CURRENT WORK
Page., 2
November 30, 2013
Account 2348.DOOG
138
HOURS
1.00 140.00
1.00 1 40,00
0.50 70.00
0.50 70.00
0.50 70.00
0160 70.00
Q-60 70.00
3.50 490.00
0,50 70.00
1.00 140.00
0.50 70.00
16.50 2,170.40
2,170.00
,F I
2013 EG 1 9 2013
EMPLOYEE REIMBURSEMENT VOUCHER
CITY OF MONTICELLO
(effective 111113)
NAME DATE OF REQUEST_ fj -/ �
Address to Mail (if necessary) _
PURPOSE/DA
LOCA
V,XPF, lSES: (Please reference Travel and Reimbursement Policy)
Mileage ($.565 per mile) $ (Total miles
A city Vebicle was not available. 171 Traveling directions warranted personal vehiole Us.e.
Traveling conditions warranted personal vehicle use, ❑ Otber
Parking Fee $
Meals $ (include dated, itemized receipts)
Lodging $ Z (include dated, itemized hotel bill)
SUBTOTAL Account number ,433100 $
Other
description
Account $
TO'T`AL. TO PAX
SIGNED APPROVED B' i tG
tAl
NOTE: Attach copies of documentation, including invoices, receipts, seminar certl-ficatc, etc.
7RAVFL.:FRM; 1120105
�6
a-
DATE
MILES
INHERE TRAVELED
�k
e
cj,
7RAVFL.:FRM; 1120105
�6
a-
Print - Maps
LV bir1g Maps
A 505 Walnut St, Monticello, MN 65362
B 1126 Cedar St Ste 100 Monticello, MN 55362
Loch Jewelers (763) 2863771
Route: 0.7 ml, 4 min
My Notes
031 VIO qa'7 Use m.b1n$aom to find maps,
�ireai +ons, bu�ana�a�s, .and mare
Page 1 of 2
A
606. Walnut St, Monticello, MN 35362
A —D. 0.7 .rni
4 min :
1.
Depart Walnut 5t toward 5th St
62 ft
2.
Turn rightonto :5th St
371.-ft
3.
Turn right onto MN -25 S 1 Pine St
0.4 ml
4,
Turn 16ft--onto Oakwood Dr E
McDonald!s or? the corner`
OA mt .
r 5,
Turn right onto Cedar St
423 ft
B .6.
Arrive at 1125 ,Cedar St Ste 100 Monticello, MN 55362 _
The last interseoffoli 1$, Oakwood .Dr E
If.-you reach Chelsea Rd W' .You've gone'
one too far
These dlreallons are subject to ilia Mtcrosof[O Service Agreement and for InfonuaHanai purpoean only_ Na gunrantoa Is ntpdo m prding rhairwrnplelenese or aceurucy,
Gonstruodon juojools, truffiG, or other events mny coune actual conditions to differ from these reshlls, Map and Irafflo data 0 2013 NAVTEQT ".
http ,,/ /www.hing.com/ maps /prixat.aspx ?mitt= en- us &z= 16 &s =r &cp= 45.298681, -93 ,79864.,. 12118/2013
cedp
Wright County
Economic Development Partnership ] � � 0
Partnering for OpportunNes
Off z nJ 2013
�,0�.4 Member Investor Application �V� �
"Wright County has a great program. In any other market you would be considere J. ?�,'q, : use counties i-
usually don't do as good a program as you do." -- Whitney Peyton, CB Richard Ellis.
"Wright County Economic Development Partnership continues to be an excellent organization to be involved
with. The Partnership continues to provide not only business opportunities, but also is a great resource for
networking with other businesses as it relates to day to day operations & services we can draw upon in Wright
County." -- Mike Bauer of Bauer Design Build, LLC
"We found the information that you had supplied to us, to be very beneficial towards accomplishing our goal."
- -Jack Clark of Notable Options in Buffalo
"It's impressive as to how well you run the organization" _- Peter Dugan, CB Richard Ellis
"These are the movers'and shakers of what's happening in Wright Countyl We should be part of this
organization." -- Hick Borden, Larson Allen
Value and Support Statement: what is it that the Partnership does?
The Wright County Economic Development Partnership's mission is to create a healthy and diverse environment
for existing, expanding, and new businesses- which in turn creates employment opportunities and enhances the
overall economic vitality of the region thereby benefiting the businesses, communities, and citizens of Wright
County.
WCEDP fulfills its mission by providing technical and financial assistance to businesses in Wright County and those
looking to locate in Wright County, The Partnership also provides economic development assistance to the 16
communities. WCEDP is a non- profit corporation financially supported by local community governments, the
county, and area businesses dedicated to supporting and creating a sustainable economic profile in Wright
County. We maintain a powerful and resourceful website at www,wrightpartnership..orx. Wright County, it's
communities, and businesses are prepared for growth —we invite you to explore the opportunity of working
together with us to further our impact!
P: 763- 4773086 1 E: tiafrance@wriahtpartnership.ore 1 W; www.wrightpartnershlo.org
We fulfill our mission working alongside our partners through these key areas:
• Business Development
• Site Selection and Promotion
• Marketing the County
• Financial Packaging (we also administer our own Revolving Loan Fund)
• Capacity Building Seminars (monthly)
40 Direct Networking
• Workforce Development
• Business Counseling (we are now a Small Business Development Center through SCSU 1)
The value member Investor's gain from the Partnership is both direct and indirect. Member investor's directly
gain from the functions listed below. This extensive list of functions Is supported by WCEDP and its member
investors, providing a powerful, partnership - oriented organization dedicated to enhancing Wright County. The
Indirect benefit Is through supporting a County -wide effort to increase the vitality of our region. Your support
{ enables the Partnership to directly aid our local businesses and community which directly supports your entity,
i
P: 763- 477 -3086 1 E: tlafrance @wrlghtpartnership,org I W: www.wrightpartnershio.org
MEMBER INVESTOR APPLICATION AND INVOICE
Please complete and send with payment to:
(payable to EDP of Wright County):
E=conomic Development Partnership of Wright County
6800 Electric Drive PO Box 525
Rockford, MN 55873
Zip 5A z
Phone V. 14-7 2.71
Email ; .%"fi1 'I �• Web Address NWW • a •..MM�G /d�.
Business Category (select frof atta ed page)
Products /Services Offered
Primary Market Area
If lender, what are your total deposits? ��
If city or township, what is your total population? —
If other business, what is your full time employee count?
Membership Investment Amount (see below support structure):_ 1�?4 3! • 7 [r
Description of your business:
Referral name /business:
Please check the following services that your business /organization would like more information on:
Gap Financing
Wright County Stats
✓
Workforce Development
Technical Assistance
Property Database
Voiunteer Opportunities
Lending information
Networking Opportunities
Thank you for your membership lnvestmentl
I
P:763- 477 -3086 1 E: tlafrance a wrightpartnership.org I W: www.wriahtpartnershio.ors
2014 Member Investor Support Structure
Associate
$280.00
(not for profit organizations that do workforce training & economic development)
Banks and Lending Institutions
Deposits up to $24.9M
$390.00
Deposits of $25M to $49.9M
$660.00
Deposits of $50M +
$910.00
Businesses'
(healthcare, contractors, developers, manufacturing, realtors, engineering, etc.)
Ito 10 employees $290.00
11 to 24 employees $405.00
25 + employees $520.00
Entertainment industry $280.00
Municipalities"
<1000 to 1250
1251 to 4099
X5000
Townships
Utility Providers
Wright County
Honorary Members
(chambers of commerce)
$145.00
$580.00
$1,135,00
$160.00
$1,135.00
$55,000.00
TREE
plus .10 /capita
plus .10 /capita
plus .10 /capita
plus .10 /capita
plus .10 /capita
E * number of employees includes active owners, management, and regular employees over 20
! hours per week
** per capita rates are based on most recent projections provided by the State of MN
P: 763- 477 -3086 1 E: tlafra ce wr1jtSp i W: www,wrlghtpartnershlp.org
Ak CenterPoint.
Ewyy
Customer name
CITY OF MONTICELLO ANGELA SCMUMAN
PO BOX 1444
Account number
9739841-0
Always There,®
Billing date
0110212014
(Address not for bill payment)
(late due
01/3812414
— Monday - Friday Call 8 a.m. -6 p.m.
'total amount due
$ 86.74
QUESTIONS OR COMMENTS?
Current billing
88.45
-- CenterPoint Energy
ACCT SUMMARY
Gas charges
PO BOX 1444
Previous batance
$16.29
MINNEAPOLIS MN 66440 -1144
Pa meet
0.00
(Address not for bill payment)
Balance forward
$ 16.29
— Monday - Friday Call 8 a.m. -6 p.m.
Late fee 0410212014
1,00
Bill info 612- 321 -4939
Current billing
88.45
CenterPointEnergy.com Total amount due
Share the warmth with your
neighbors. Enroll in paperless
billing and we'll donate $a
to HeatShare. Learn more:
C enteftint E nergy. comlwa rm
Your account is ready to view
now. Register for froo online
account access. View balance,
usage history, make an online
payment, view recommendations
for saving energy and motley
with My Energy Analyzer,
and mach more, Register
at CenterPointEnergy.cor l
myaccountonline.
YOUR BILL IN DETAIL
Basic charge
Delivery chEirge
SERVICE ADDRESS
Decoupiing adjustment
77 therms @ $0.00820rfHM
100 E Broadway 5t
Monticello MN 55362 -932'
77 Therms @ $0.004901THM
DIDYOU KNOW?
77 therms @ $0.481621THM
*Includes a purchased gas adjustment of $0.02580 CR
Interim rate adjustment
YOUR GAS USAGE
Meter# M7$802372729
We haven't received the post
33 Day billing period
1112 712 0 1 3 to 12130/2013'
due charges of $116.29. Please
Current reeding
12130/2013 15
pay this amount today. It you've
Previous reading
11127/2013 9939
recently made your-payment,
Metered Usage 76 005 x Therm lo*r of 1.00897 =Thermo used in 33 days = 77
Thank You.
Next meter reading
01130/2014
Next billing date
01131/2014
Share the warmth with your
neighbors. Enroll in paperless
billing and we'll donate $a
to HeatShare. Learn more:
C enteftint E nergy. comlwa rm
Your account is ready to view
now. Register for froo online
account access. View balance,
usage history, make an online
payment, view recommendations
for saving energy and motley
with My Energy Analyzer,
and mach more, Register
at CenterPointEnergy.cor l
myaccountonline.
YOUR BILL IN DETAIL
Basic charge
Delivery chEirge
77 therms @ $0.153391THM
Decoupiing adjustment
77 therms @ $0.00820rfHM
Gas Affordability PRG
77 Therms @ $0.004901THM
Cost of gas*
77 therms @ $0.481621THM
*Includes a purchased gas adjustment of $0.02580 CR
Interim rate adjustment
(Basic Chg + ($0.65530 "therms)) %88000%a
State sales tax
Total current charges
Avg dally gas uaa: This period this yr 2.3 THM; tills pedod last yr 4.4 TIIM
All, Conferpalit.
En -9tv
AlwwsThue.'
CENTERPOINT ENERGY
PO BOX 1144
MINNEAPOLIS MN 55440 -1144
Comllnd Firm Rate
$12.00
11.81
0,83
0.38
37.10
3.06
4.47
$68.45
Page 1 of 1 Avg dally temp: Tale perled this yr 14 °F; tills pedod last yr 30 OF
Mall Ih €s potion with payment. Plasae do nol Induda letters or naves.
Account number 9739641.0
Date due 0113012014
Total amount due $ 86.74
Amount paid $
CENTERPOINT ENERGY
w PO BOX 4671
HOUSTON TX 77210 -4671
� Irltllrlllll' nt11111u�1tlillllll '1111111111ru�111111111111'nl
00022813 01 AV 0.3901
CITY OF MONTICELLO ANGELA SCHUMAN
505 WALNUT ST STE 1
MONTICELLO, MN 55362.8822
11 Ir116r 11111' lllllll111111111 11111111ki1111111111 Ili] Jill III I
0610294448945 0.U72000009739641 02000000086740000000867470
�cenrerpobt®
Enemy
.Always There.
— QUESTIONS OR COMMENTS?
Customer name
CITY OF MONTICELLO ANGELA SCHUMAN
Account number
0739B46 -1
Billing date
0110212014
Date due
01/30/2014
Total amount due
$ 30.07
CenterPoint Energy
PO BOX 1144
MINNEAPOLIS MN 55440 -1144
(Address not for bill payment)
Monday - Friday Call 8 a.m. - 5 p.m
Bill Info 612 - 321 -4939
CenterPointiEnergy.com
DIDYOLI KNOW?
ACCT SUMMARY Gas charges
Previous balance $13,46
payment 0,00
Balance forward $13.46
Late fee 01/02[2014 _ 1,00
Current billing ; r 15:61
Total arnount due ;' t i i`r0 I " ' $30.07
r :.....
SERVICEADDRESS g i
106 E Broadway St ; k
Monticello MN 55362 -9321 ! l
YOUR GAS USAGE Meter # M19802312700
We haven't received the past 33 Day billing period 11/2712013 to 1213012013
due charges of $13.46. Please Current reading 12130/2013 2360
pay this amount today. if you've Previous reading 11/27/2013 2357
Metered Usage 3 CCF X Thamr factor of 1.00007- Thetme uoed In 33 days = 3
Thank You. Ey mmdb your payment, Next meter reading 01/30/2014
Thank Next billing date 01/3112014
Share the warmth with your
neighbors. Erroll In paperless
billing and we'll donate $5
to HeatShare. Learn more:
CentorPointEnergy,eomlwarm
Your account is ready to view
now. Register for free online
account access. View balance,
usage history, make an online
payment, view recommendatione
for saving energy and money
with My Energy Analyzer,
and much more. Register
at GenterPointEnergy,00ml
rmyaccountonline.
YOUR BILL IN DETAIL
Comilnd Firm Rate
Basic charge
$12,00
Delivery charge 3 therms
@ $0.153391THM
0.46
Decoupling adjustment 3 therms
@ $0.006201THM
0.02
Gas Affordability PRG 3 therms
@ $0,004901TFIM
0,01
Cost of gas" 3 therms
@ $0,48000/TFiM
1A4
*Includes a purchased gas adjusiment of
$0.02580 CR
Interim rate adjustment
0.08
(Basic Chg + ($0.65930*tharms)} *4,8$000%
State sales tax
1.00
Total current charges $15161
Avg daily pas use: This pedod gds yr 0.1 THM; this podod last yr 1.p 7HM
Ah CenfeIP0110
-Enolyy
Alwaya%W.
CENTERPOINT ENERGY
PO 13OX 1144
MINNEAPOLIS MN 85440 -1144
Wage 1 of 1 Avg daily temp; Thla perlod this yr 14 °F; thla perlod last yr 30 °F
Mall ibis portfdh with paymont, Please do not Include letlam ornalas.
Account number 9739645.1
Date due 01/30/2014
Total amount d ue $ 30,07
Amount paid $
GENTERPOIN T ENE RGY
,ry PO BOX 4671
HOUSTON TX 77210.4671
I111111II1111u oil 11 Jill Ir ll llIII I'll IIIIIIll11Itl111111i11111111
00022816 01 AV 0.=1
CITY OF MONTICELLO ANGELA SCHUMAN
505 WALNUT ST STE I
MONTICELLO, MN 55362 -8822
IIIl Iru 111111111111111111111111111111111111111111111111 Ilr
l l ll l
06102944489611 11072000 00973964519000000033070000000300790
Cen(erPoin%
Energy Customer name THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT
Account number 9420449.3
Alwabrs There Billing date 01/02/2014
Date due 0113012014
Total amount due $ 113,09
QUESTIONS OR COMMENTS?
CenterPotnt Energy
PO BOX 9144
MINNE=APOLIS MN 35440 -1144
.(Address not for bill payment)
Monday - Friday Call 8 a.m. - 5 p.m.
. gill info 612 - 321 4939
CenterPointEnergy.com
DID YOU KNOW?
We haven't received the past
due charges of $37.73. please
pay this amount today. If you've
recently made your payment,
Thank You.
Share the warmth with your
neighbors. Enroll in paperless
billing and we'll donate $5
to HeatShare. Learn more;
CenterPointEnergy.com)warm
Your account is ready to view
now. -Register for free online
account access. View balance,
usage history, make an online
payment, view recommendations
for saving energy and money
with My Energy Analyzer,
and much more. Register
at CenterPointEnergy.coml
myaccountoniine.
ACCT SUMMARY
Gas charges
Previous balance
$37.73
Pa rnent
85 therms @ $0.15339ttHM
0.04
Balance .forward
85 therms @ $0,008201THM
$37.73
Late fee 01/0212014
85 therms @ $0,004901THM
1.00
Current bllling
=: .. ......
76.26
Total amount due ; ;
adjustment of $0.02580 CR
$113.98
SERVICE ADDRESS ;.
; `.'I 1 }P.1•�. f'
3,32
202 Pine St
*4.88000%
Monticello MN 66362-806 i .
r__.._ ..... .. ......._.:.......... .;
YOUR-GAS USAGE
Meter # M19822312867
33 Day bllling period
11/2712013 to 12/30/2013
Current reading
12/30/2013
5486
Pravlous reading
11/27/2013
5402
Metered Usage 84 R4F X Therm
foulor of 1,00697 - Therms used In 33 days = 85
Next meter reading
01/3012014
Next bllling date
01)3112014
YOUR BILL L IN DETAIL
Comlind Firm Rate
Basic charge
$12.00
PelivM charge
85 therms @ $0.15339ttHM
13.04
Decoupling adjustment
85 therms @ $0,008201THM
0.70
Gas Affordablllty PRG
85 therms @ $0,004901THM
0,42
Cost of gas*
85 therms @ $0.481651THM
40,94
*Includes a purchased gas
adjustment of $0.02580 CR
Interim rate adjustment
3,32
(Basic Chg + ($0.65930 *therms))
*4.88000%
State sales tax
Total current charges
Avg dally Sae use: This podod this yr2.B UM; this period last yr 0.D THM
�, cc�nlr�rPlafnt
Energy
AlwawTham•
CENTERPOINT ENERGY
PO Box 1144
MINNEAPOLIS MN 55440 -1144
4,84
$75.26 1
Page 1 of 1 Avg daily iemp: We padod thla yr 14 °F; this period lest yr 24 aF
Afall this portion with payment. RSM do not Include letters or nolee.
Account number 9420449 -3
Data due 0113012014
Total amount due $113.99
Amount paid $
CE"NTERPOINT ENERGY
,n PO BOX 4671
�i HOUSTON TX 7721 0.4671
1'1'11' 11111' 11'II IIIIIII'1111111I111111111h1Jill III II III Jill 111
00022876 01 AV 0.3801
THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT
505 WALNUT ST
MONTICELLO, MN 55362 -8821
IIIlI�IItli111}III'111'1 111"' 11 "111'11'111I1'lIIlllull1111!!II
020083910 0290 007200000942944939000000113 `I9g0017001139990
� I '6/Ije1pOf�it.
11�L'1'[j►JI
Customer name
THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT
We haven't received the past
Account number
9429448 -5
.Always Them-
Billing date
01102014
12130/2013
Data due
01!3012014
Pravlous reading
Total amount due
$ 295,84
QUESTIONS OR COMMENTS?
-- CenterPoint Energy
FAO BOX 1144
MINNEAPOLIS MIS 55440 -1144
(Address not for bill payment)
Monday - Friday Call 8 a,m. - 5 p.m.
Bill into 6112 -321 -4939
CenterPolntEnargy.aom
DID YOU KNOW?
ACCT SUMMARY r s= : Gas charges
Previous balance
Pa ment
a anae forward f' j 0.00
Late fee 0110212014
% ,�' /� kii•`' • $81,47
Current billing w �' 196,69
Total amount due a $286.84
SERVICIE ADDRESS ! , ' '' . • r.
206 Pins 5t
Monticello MN 55362 -8885
Centeftint Matt thts pW60n with payment. Plettsa ctd not Include tatters arnotes.
E- 1709Y Acraunt number 9429448.5
Alwnys97, a pate due 01130/2014
Total amount due. $ 295.84
CENTERPOINT ENERGY Amount paid $
PO BOX `11144
MINNEAPOLS MN 55440.1144
CENTERPOINT ENERGY
u, PO BOX 4671
HOUSTON Tx 77210-4671
Itltl�, �IIN' �iIIIII�IIIItE�lll�il 'l�illl�l�l'Irlllhlllllhtlll
00022075 01 AV 0,3601
THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT
505 WALNUT ST
MONTICELLO, MN 55362 -8821
�-
III HIIl' llPlljll' iI1' Illl111111 '1Iltl11111l Jill III tr11111lellI
0260083400274 007200 000942944 8530000002958gDOODg2295846Q
YOUR GAS USAGE
Meter # MIOSU2312869
We haven't received the past
33 Day billing period
11127/2013 to 12130/2013
due charges of $97.68. Please
Current reading
12130/2013
1345
pay this amount today, If you've
Pravlous reading
1112712013
1095
recently made tado your payment,
Usage 250 CCF X Tharm fuctor or 1,00887 c Therms used Ih 33 days A
252
You,
Thank u.
Next meter reading
01/30/2014
Next bllling date
0113112014
Share the warmth with your
YOUR BILL IN DETAIL
Cotmlind
Firm Rate
iolghbors. Enroll In paperlless
Basic charge
$12.00
billing and we'll donate $5
Delivery charge
252 therms @ $0.153391THM
38,65
to Heaftare- Learn mare:
Decoupling adjustment
252 therms @ $0,008201THM
2,07
CenterPointEnergy.comlwarm
Gas Affordability PRG
252 therms @ $0.004901THM
1,23
Cost of gas*
252 therms @ $0.481751THM
121,40
Your account Is ready to view
*Includes a purchased gas adjustment of $0.02560 OR
now. Register for free online
Interim rate adjustment
8.69
account aocess. View balance,
(Basic Chg * ($0.65830 *therms)) 14,88000%
usage history, matte an online
state sates tax
12,65
}payment, view recommendations
for saving energy and money
Total current charges
$1ga,6g�
with My Energy Analyzer,
and much more. Register
at GentorPointEnergy,00ml
myaccountonline.
Avg dolly-gas use: This pedad Nils yrT,O THM; this period lest
yr 5.9 THM page 1 of 1
Avg deny tamp; This period this yr 14 "F; this period lest
yr 24 OF
Centeftint Matt thts pW60n with payment. Plettsa ctd not Include tatters arnotes.
E- 1709Y Acraunt number 9429448.5
Alwnys97, a pate due 01130/2014
Total amount due. $ 295.84
CENTERPOINT ENERGY Amount paid $
PO BOX `11144
MINNEAPOLS MN 55440.1144
CENTERPOINT ENERGY
u, PO BOX 4671
HOUSTON Tx 77210-4671
Itltl�, �IIN' �iIIIII�IIIItE�lll�il 'l�illl�l�l'Irlllhlllllhtlll
00022075 01 AV 0,3601
THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT
505 WALNUT ST
MONTICELLO, MN 55362 -8821
�-
III HIIl' llPlljll' iI1' Illl111111 '1Iltl11111l Jill III tr11111lellI
0260083400274 007200 000942944 8530000002958gDOODg2295846Q
,ni, CBIu`el',�01ntm
ComiInd Firm Rate
Basic charge
E aft
Customer name THE CITY OF MONTICE:LLO ECONOMIC DEVELOPME=NT
53.39
Account number
9429450 -1
Always There
Billing date
01/02/2014
170,55
Date clue
01130/2014
Interim rate adjustment
Total amount due
$ 448,42
QUESTIONS OR COMMENTS?
State sates tax
17.35
-CenterPoint Energy
FAO BOX 1144 -
ACCT SUMMARY
Gas charges
MINNEAPOLIS MN 65440,1144
Previous balance
Payment
$154.35
(Address not for kill payment)
0.00
Balance forward
.�
$154.35
„ Monday - Friday Call 8 a.m, ,- 5 p.m.
Late fee 01/0212014
2.32
Bill-info 612 -321 -4939
Current billing
269.75
CenterPointEnergy.com
Total amount due
:. ^.. i,: _ .. :' $426.42
SERVICE ADDRESS
112 E Broadway St
Monticello MN 55362 -485'
� !
DID YOU KNOW?
I'
YOUR OAS USAGE
MI-9909103467
We haven't received the post
33 Day billing period
11/27/2Q 13 to 12130/2013
due charges of $154.85. Please
Current reading
12(3012013 4070
pay this amount today. If you've
Previous reading
111127/2013 3718
recently made your payment,
Metered Usage 362 cCF x
Therm rector or 1A0697 - Thenna used In 33 days 354
Thank You.
Next meter reading
01/30/2014
Next billing date
01/31/2014
Share the warmth with your
neighbors. Enroll In paperless
billing and we'll donate $5
to IieetShare. Learn mare:
CenterPointEneirgy.com/warm
Your account is ready to view
-now. Register for free online
account access. View balance,
usage history, make an online
payment, view recommendations
for saving energy and monay
with My Energy Analyzer,
and much more. Register
at CenterPointEnergy.com/
myaccountonline.
YOUR BILL IN DETAIL
ComiInd Firm Rate
Basic charge
$18,00
Delivery charge 354 therms @ $0,150811TFIM
53.39
Decoupling adjustment 354 therms @ - $0.009871THM
- 3.48
Gas Affordability PRO 354 therms @ $0.004901THM
1.73
Cost of gas* 354 therms @ $0.481781THM
170,55
*Includes a purchased gee adjustment of $0.02580 CR
Interim rate adjustment
12,22
(Basic Chg 1- ($0.66672 *therms)) *4,88000%
State sates tax
17.35
Total current charges $260.75
Avg dally gas use; This period NH yr 10.7 Ti ft Ih €e period last yr 12.2 THM }'gage 1 of 1 AVg dally temp: This parlod this yr 14 °F; this pridad Inat yr 24 T
L= enterA*L Mall thle poWon with payment. Please do not Include letters or notes,
&eq y Account number 9429450 -1
Atwgye7'here pate due 01130/2014
Total amount due $ 470.42
CENTERPOINT ENERGY Amount paid $
PO BOX 1144
MINNEAPOLIS MN 55440.1144
CENTERPOINT ENERGY
PO BOX 4671
HOUSTON TX 77210.4671
III111111111611i1111111111 11111111 11111111111 [Ili 111111111111'[It
00022877 01 AV 0.3601
THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT
505 WALNUT ST
MONTICELLO, MN 55362 -0821
II111111r111111111i 111' 111111111111111 111�1'�11111�111[
026aU83900316 nU720DUO09429450150000004264200[30004264230
City Containers $529.13
Amount $452.61
301id Waste Management Tax $76.52
TRUX ACCT #
Apartnrant
Acscriptian
Amount
Mgmt Tax
Total
1453.Ooll'Course
3yard
$30,60
$9,45
$65.05
CHAIR
$25.00
` 49
1454 - L+Blaon Park
3 yard
$40.80
$6,94
$47.74
1455 - Wasi Bridge Park
2 yard
$20.40
$3.47
$23,97
I1 r 3 q
1456 - Monticalla Sewage Plant
2 yard
$20,40
$3.47
$23.87
101 hart Blvd
1456 - Montiaello Sowaga Plant
3 yard
$76.51
$13.01
$89.52
1401 Bart Blvd
1458 -City Hall
3 -3 yards
$178.52
$30,35
$208,87
. 505 Walnut 81
1459•MonticcllaLibrary
2yard
$10.20
$1.73
$11.93
6th Be & Walnut
4459- Hi- WnyLlquars
3yard
$20,40
$3.47
$23.87
545 Pin. St
MA
95 gal trash
$6,69
$1.17
$10.55
IOD Oro.dw G
fi5. pl rec c!e
$2.49
Pioneer Park
3 ysrd
$20.40
$3.47
$29.87
9165 Fallong Avenue
CHECK REQUEST
FROM: Ditty Baltos, Community Center Director
CHECK AMOUNT:— D 0. REQUEST DATE: I1
Check to: Harry T. Lantto
907 — 21" Ave S
Buffalo, MN 55313
Meeting Worked:
Planning Commission Date �]
EDA Meeting Date j
Other Date
Total Due: 100 - CO
Planning Commission:
EDA
Vendor N .
Time Z •
Time I • S
Time
C�o. °t;
so. 00
Amount Due � a of
Amount Due S® � 06
Amount Due
Other
Authorized by: Date V ` l
L1r�,lt 1 3 TIN
TIME SHEETS ATTACHED
* *Please return to KITTY for forwardin- *- --- "—.
MONTICELLO COMMUNITY CENTER
TIME SHEET
Employee Name HARRY LANTTO
Position PUBLIC MEETING RECORDER - CONTRACT
=:D#T"
...r:
-:r. ;.
T IDE
' c ° :'
t
'DIME
:.our
Tours
Worked
Meeting
Pm
30 fry
7,/2
G
F D
Meeting Payment $50 for first 3 hours
Agreement: $10 per hour for every hour after
MEETING RECORDER: Harry T. Lantto
SIGNA
DATE:
AUTH(
DATE:
Prairie West Pay -as- you -go balance
District: 20
Payment to: Riverwood BanklLjnda Smith
Original Amount
65,000.00
Interest Rate
81500%
Payments Commence
811199
Ending no Later Than
811118
Available TIF
40.00%
Correct Available TIF
36,00%
,1 TMEN o!4fxiy
PID TIE onl
155.010.001010
155.010.001020
155.010:001030
166' 010,001040
155.010.001130
155,010.001140
155,010.001150
155.010 001180
165.011 O,001170
165.010.001180
155.010.001190
155.010, 001200
Total Pald
Actual
Overpaid
let Half 2nd Half Taial
r._��8�4:94:�• •�.... 1,708,68
1,684.93
1,708.47
11132.74
1,132.74
-`700 MIT- .....- 1,40033
573.74:` 1,147,48
57.3.74,; 1,147.48
1
71741..' 1,147.48
`. ,•573,74;;:: 1,147.48
9,306,04 0,100.40
1,199,09
'S
;,; JAS! 1 6 2014
Increment
Total
Balance
Data -
Received Principat
Interest
Payment
Remaining
12/3111998
- 6,602,00
6,602,00
71,602.00
1213111999
- 6,216.00
- 6,210.00
77,818.00
7128/2000
- 3,902,00
2,853.00
- 1,049.00
81,720,00
1/11/2001
1,637.00
1,637.00
81,720.00
7126/2001
- 1,981,00
3,406.00
1,428,00
'83,701.00
1115/2002
2,039.00
2,039.00
83,701.00
7/16/2002
- 2,230.00
2,904.00
668,00
85,937,00
1/14/2003
284.00
2,030,00
2,314,00
85,053,00
7J24/2003
- 1,336.00
3,993,00
2,955.00
86,991,DO
1/23/2004
418.00
2,569.00
2,987,00
86,573.00
7/2212004
-710.00
4,145.00
3,435.00
87,283,00
1120/2005
152.00
3,709.00
3,861.00
87,131.00
7/21/2005
190.00
3,704.00
3,894,00
86,941.00
1/19/2008
155,00
3,695.00
3,850,00
86,786.00
7120/2006
1,597,00
3,688.00
5,285.00
85,1,09,00
1/18/2007
220.00
3,820.00
3,840.00
84,969.00
7/19/2007
757,00
3,611.00
4,360,00
84,212,00
1128/2008
27.00
3,57980
3,B0680
84,185.00
8/1/2008
922,00
3,856.00
4,778.00
83,263,00
1181200911,941.00
1,237,72
3,538,08
4,776.40
82,02528
8111200911,967.96
1,301.11
3,486.07
4,787.16
80,724.17
1111201010,824.35
898.96
3,430.78
4,329.74
79,132520
8111201011,994,18
1,405.10
3,392.57
4,797.67
78,420.10
1/1/2011
9,950.06
647.41
3,332,85
3,980.20
77,772.69
811/2011
10,435.87
868.93
3,305,34
4,174.27
715,903.77
11112012
8,623.41
180.9"
3,268.41
3,449,38
76,722,81
8/1/2012
8,288,08
54.51
3,260.72
3,315.23
76,868,30
111/2013
9,049.85
601.54
3,258.40
3,859.94
76,006,76
8/1/2013
9,308.00
490.36
3,232,84
3,723.20
75,576.40
1!1!20114
6,100.49
- 1.015,82
3,212.00
�
76,592.22
8/112014
6,100.49
1,058,99
3,255.17
2,196.18
77,651.21
1/1/2015
6,100.49
- 1,104.00
3,300.98
2,196.18
78,755.21
8/1/2015
8,100.49
- 1,150,92
3,347.10
2.196.10
79,906,13
11112016
6,100.49
- 1,199.83
3,396.01
2,196, 18
81,105.97
81112016
6,100.49
- 1,250.83
3,447.00
2.196,18
82,366,80
1/1/2017
6,100.40
-1,303.90
3,500.16
2,106,18
83,660,78
81112017
6,100.49
- 1,359.41
3,555.58
2,196.18
85,020,19
9/1/2018
6,100.49
- 1,417.18
3,613.38
2,195.18
86,437.37
8/112018
6,100,49
- 9,477.41
3,673.59
2,196.18
87,914.78
PID TIE onl
155.010.001010
155.010.001020
155.010:001030
166' 010,001040
155.010.001130
155,010.001140
155,010.001150
155.010 001180
165.011 O,001170
165.010.001180
155.010.001190
155.010, 001200
Total Pald
Actual
Overpaid
let Half 2nd Half Taial
r._��8�4:94:�• •�.... 1,708,68
1,684.93
1,708.47
11132.74
1,132.74
-`700 MIT- .....- 1,40033
573.74:` 1,147,48
57.3.74,; 1,147.48
1
71741..' 1,147.48
`. ,•573,74;;:: 1,147.48
9,306,04 0,100.40
1,199,09
'S
;,; JAS! 1 6 2014
Kennedy & Graven, Chartered
200 South Sixth Street
Suite 470
Minneapolis, MN 55402
(612) 337 -9300
January 15, 201.4
Statement No. 118163
Monticello EDA
505 Walnut Ave, Suite 1
Monticello, MN 55362
-Through Decernber 31, 2013
MN326 -00028 Liquor Store Acquisition
I declare, under penalty of law, that this
account, claim or demand Is Just and correct
and that no part of it has been paid.
Signature of Ctai a t
till] _ z
.s JAN 1 7 2034
864.00
Total Current Billing: 864.00
Page: 1
Kennedy & Graven, Chartered
200 South Sixth Street
Suite 470
Monticello FbA Minneapolis, MN 65402
December 31, 2013
MN325 -00028 Liquor Store Acquisition
Through December 31, 2013
For All Legal Services As Follows: Hours Amount
12/13/2013 MNI Review business terms for liquor store purchase 11.00 180,00
agreement; research model documents; commence draft.
KG400 -3 (invoices)
12/1012013 MINI Draft Purchase Agreement for liquor store, 2.10 378.00
1211712013 MNI Draftlreviow business terms of PA; draft email questions 1.70 300,00
regarding same to W Oberg.
Total Services: $ 864.00
Total Services and Disbursements: $ 684.00
1111;SP*VSIDLI BY NATURES
NORTHER N STATES POWER COMPANY Pdue 1 of a
MAILING ADDRESS
ACCOUNT NUMBER
r r
11112106120114
MOMTIGELLO El)A
51- 0623082 -8
565 WALNUT ST STE 1
Current Cherc]es
$9.49
MONTICELLO MN 55362 -822
STATEMENT NUMBER
STATE MW Wr
r
397074889
01109/2014
$9.49
IM—RAVE VIES SUMMARY OF CURRENT CHAR0ES ldoeallad charges bagln on page 2)
Temperature -
�., r,= ElectflClty service 12105/13 - 01 JOBJ14 0 kWh $17.70
Electrk:4 kWh - a R . ° r
Electric' cast �� ?�� Nan - Recurring Charges /Credits - $8.21' CR
Current Charges $9A9
QUESTIONS ABOUT YOUR BILL?
Seeourwelisite: xcelenergy.com
Email us at: Customersetvlceftcelenergy.com
Please Call: 1- 800- 491 -4700
Hearing hnpalred: 1.600- 896 -4949
Fax: 1- 900 -311 -0050
Or write'us at; XCEL ENERGY
PO Box 9
EAU CLAIRE Wl E4702 -0000
f
ACCOUNT BALANCE
Previous balance As of 12105
-
Payment Received Check 01103
- $10.51 CR
Balance Forward
$0,00
Current Cherc]es
$9.49
Amount due
$9.49
INFORMATION ABOUT YOUR RILL
The Resource Adjustment line item on your bill has boon updated to reflect changes in
the State Energy Policy and the Renewable Development Fund portions which
recover the costs of energy- relatod legislative mandates and renewable energy
development program costs, Questions? Contact us at 1- 800481.4700 or
xcelenergy.com, .'
Interim electric rates became offoctive Jan. 3,2014. Seethe enclosed bill insertfor
details. Questions? Contact us at 1800 - 4814700 or inquireftcolenergy.com.
Thank you for your payment,
Convenience at your service -Pay your bills electronically -fast and easy with
Electronic Funds Transfer. Call us at 1- 800 - 481 -4700 or visit us at
www.xcelenergy.com.
HOWNDOTMMP011CONNln11 YOUR PAYMENT vPIMA DU MUSE SYAP199 APFORPApYnetlNs
/21 Xce��ergye ACCOUNT NIJMaEn DUE DATE r r
51-0673002-8 02/06/2014 $9.49
Please see the back ofthio bill for more information
rogarding lire late paymoutchargo, Pay on or before the
data dUe tp aVald assessment of a Igie pnymentclrarge. 1
Make your chock payable to XCELENEVIGY 2 3 4 E 7 8
0 10 11 12 i3 14 15
AV 01003049 24913$13 E" 5DGT 1G 17 38 19 2n 21 2Z
III' III' [I' ll III II1111111' 1411114rrlrrlrllrllLllrllrlilllrllllll 23 x4 25 28 27 211
MONTICE;LLO EUA
505 WALNUT ST STE 1
MONTICELLO MN 563BY -8831 I =11111111 "'I111i11r 11111111' II' II'Il111111 =11tII1 :11111IIf "Itl
XCIrL ENERGY
P.O. BOX 9477
MPLS IAN 56484 -9477
31 51020614 01 23082& OCEII]CIGIO044` 0t]fJCIC 000949
m
R
Xcef nergy'f
Don't Waste En orgy
at the Office
Avoid phantom energy use by
unplugging your equipment when
you're out of the office.
Polo2O 4
kMaII IhEO ADIFflL SS
ACCOU ff NU MBER a i
MOWICELLO I DA
�m WALNUT 5T M 1
61-0623002-8 014 X1014
MOMICELLO MN 55302.N22
STATEMEW NUM09H
STAUMENT gATr r
397074809
01/09/2014 $099
SERVICE ADDRESS; 349W BROADWAY $TMONTICEUD,MN5 -539
NEXT HEAR DATE: 02/10/14
ELECTRICITY SERVICE MAILS
PREMISES NUMBER: 303657356
INVOICE NUMREn: 0503416784
ELECTRICITY CHARGES
RATE:.Sm Gen Svc (Metered)
DESCRIPTION
SA U T3 RATE
CHARGE
Basic Service Chg
$10.00
Energy Charge Winter
0 kWh $0.069530
$0.00
FU01 Cost Charge
0 kWh $0.633530
$0.00
Affordability Chrg
$0.93
Resource Adjustment
$0.01
laterim Hate Ad'
$0.12
Subtotal
$11.06
City Foes
Z.60
State Tax
Fi.B75 °/o
$1.14
TOM
$17.70
NOW-RECURRING CHARCES I CREDITS. DETAILS
DESUIPTION CHARGE
Ele Interim Aefund.CA. Premise #303657358 -$8.21 CR
Total - $8.21 CH
Pop Quiz
Pipe insulation can typically reduce energy losses by
A.25%
0.55%
C.
111 960/0
Source: Ilespons161eByNa #uro.cvmlOuaiuers
0
0
Xcel Energ�r
A
The American Wind Energy Association
has recognized Xcel Energy as the 2013
Utility of the Year for the second time in
five years. We won this award for our
commitment: to adding new wind energy
and progressive wind integration efforts.
Popp f 4
MAKINOADDRESS
ACCOUNTNUMBER
t
MONTIGEM EDA
51- 0823082 -8
U2/06/Z014
D05 WALNUT ST STE
MONTICEU.0 MN MUM=
STATEMENT NUMBER
STATrs;)2 TE
397074889
01f
$9.48
INFORMATION ABOUT YOUR SILL
Your electric bill this month includes a credit for the difference you paid under interim
rates and tho final approved rates with interest. Your credit displays as the line item
"Elec Interim Refund CR." Eiuestions? Contact us at 1- 800481 -4700 or
in quireOxcelenergy. com.
For an average non - demand customer, 72% of your bill refers to power plant costs,
13%to high voltage line costs, and 17% to the cost of local wires connected to your
business. For an average demand - billed customer, 82% of your total bill refers to
power plant costs, 10% to high voltage lines, and 8% to the cost of local wires a
connected to your business.
don't Lot the Winter Chili
Rneak Into Your Home
lake sure to keep yourfireplace damper closed when you aren't
Sing it. An open damper could let out your home's heat and let in
Ie outdoor chill.
r
Xceffinergyp
NEBPOM51111.E BY VATUREO
YOUR MONTHLY ELECTRICITY USAGE
J F M A M J J A S O N D J
AUESMON$ ABOUT YOUR BILL?
Seenurwebsite: xcelmtargy.com
Email us at CusWmerservice®xcelenerpy.com
Call 24 hours a day, 7 days a week
Please Call: 1- 00 "95A,999
Hearing Impaired: 1- 000 -805 -4049
Es pa ho l: 1-800-687-8778
Or write us at XGEL ENERGY
PO 130X a
EAU CLAIRE WI 54702 -0008
Ll -aw F.11 -W -
FlcGhnnh 11111-d7mmr
NORTHERN STATES PAWEH COMPANY Pate 1 of
MAILINQ ADOnESS
ACCOUNT NUMBER
I I ,
MONTICE:LLO EDA
Baas WALNUT ST STE 1
MONTICELLO MIN 56362•0822
51- 0517384 -8
82/07!2014
STATEMENT NUMBER
STATEMENT DATE
t }
397249863
0'1/10/2014
$3,96
SUMMARY Of CURRENT CHARGES (detailed charges begin on page 21
Electricity Service 12100/13-01/09/14 3 kWh $11,87
Non- Recurring Charges /Credits -$7,91 CR
Currant Charges $3.96
ACCOUNT BALANCE
Previous Balance As of 12108
$11.15
Payment naceived Check0l /03
-$11.15 CR
Balance Forward
$0.80
Current Charges
$3.96
Amount Due
$3.96
INFORMATION AROUTYOUR BILL
Interim electric rates became effective Jan. 3r 2,014. Sea the enclosed bill insertfor
details. Questions? Contact us at 1- 800895 -4999 or inquiraOxcelenergy.cam.
The Resource Adjustment line item on your hill has been updated to reflect changes in
the State Energy Policy and the Renewable Development Fund portions which
reeoverthe casts of energy- related legislative mandates and renewable energy
development program costs. Questions? Contact us at 1 -800- 895 -4999 or
le r. am.
.] mffinegyl,
your payment.
RETURN BOTrOM PORTION Y�ITH YOUR PAYMENT • PLEASE no Nat•11SE StAKES,TAPE QR PAPER CUPS
ACCOUNT NUMBER I DUE PATE
51- 05173840 1 02/07/2014 1 $3.96
Please see the hack olthis bill for Inure information t
regarding the late payment obargo. Pay on or hefora the
date duo to avoid assnssment of a late paymentcharge. 72,n MakayourcheckpayohletoXCILENEHGY 2 3 4 5 9 19 11 1AV 010416B7 25954 B a A""SDGT 16 11 is 123 24 25 2
MONTYCELLO I=AA
605 WALNUT ST ST5 1
MONTICELLO MN 55362 -8831 r 1 1 it 1 II �� I�I� L � 111 11 11 I I I iw I
111 111 I Iln I I 1 111 111 11lntl IIIIIn 1
XCEL ENERGY
P,O. BOX 9477
MPLS MIS 55484 -9477
31 5310207114 M73848 0000 i000396CI 000003146
I-
�t
m
N
-X0910-
gyp
a nit
Al
'i
JAN 1 4
2014
.] mffinegyl,
your payment.
RETURN BOTrOM PORTION Y�ITH YOUR PAYMENT • PLEASE no Nat•11SE StAKES,TAPE QR PAPER CUPS
ACCOUNT NUMBER I DUE PATE
51- 05173840 1 02/07/2014 1 $3.96
Please see the hack olthis bill for Inure information t
regarding the late payment obargo. Pay on or hefora the
date duo to avoid assnssment of a late paymentcharge. 72,n MakayourcheckpayohletoXCILENEHGY 2 3 4 5 9 19 11 1AV 010416B7 25954 B a A""SDGT 16 11 is 123 24 25 2
MONTYCELLO I=AA
605 WALNUT ST ST5 1
MONTICELLO MN 55362 -8831 r 1 1 it 1 II �� I�I� L � 111 11 11 I I I iw I
111 111 I Iln I I 1 111 111 11lntl IIIIIn 1
XCEL ENERGY
P,O. BOX 9477
MPLS MIS 55484 -9477
31 5310207114 M73848 0000 i000396CI 000003146
I-
�t
m
N
pagc2n14
MAILING ADDRESS ACCOUNT NUUDER
MONTICELLO EDA 51- 0517384 -0 02j07/2814
xceiEnerqV 505 WALNUT ST 5TE 1
MONTICELLO MIN 55362.8822 STATEMENTNUMBER STATEMENTDA16 i
397249053 01l10J2014 $3.%
Keep Ydur Home
WWelrlm This Winteir
It is your furnace's job to keep your home
warm during the chilly months of the
year. Help it Maintain peak efficiency by
changing the filter when recommended
on the manufacturer instructions.
SERVICE ADDRESS: 912 E BROADWAY ST I IONTIC9 LLB, MN 5. E02 -9321
NEXT READ DATE: 02/11/14
EUCTIIICITY SERVICE DETAILS
PREMISES NUMBER: 3036DNE4
INVOICE NUMBER: 0563522031
ELECTRICITY CHARGES
HATE: ilosidential Service
DESCRIPTION
USAGE UNITS RATE
CHARGE
Basic Service Chg
$0.00
Energy Charge Winter
3 kWh $4.073930
$0.22
Fuel Cost Charge
3 kWh $0.033333
$0.10
Affordability Chrg
$0.71
Resource Adjustment
$0.09
Interim Rate Adj
$0.12
Subtotal
$9.4
City Pees
$1.95
State Tax
6,075%
$0.76
total
$11.$7
WON-RECURRING CHARGES J CREDITS DETAILS
DESCRIPTION CHARGE
Ele Interim Refund CR Premise # 3036OBB54 $7.91 CR
Total - $7.91 CR
Dry Pop Quiz
: end of his life, Thomas Edison, had close to patents to his name,
is day, no one has tapped his record.
.,BOB
3.900
C. 1,100
D. 3,000
arch U.S. DepmWentof Energy
2'Jeffiskiv
M.
rJ.
it
Xceffinergy
Tho American Wind Energy Association
has recognized Xcel Energy as the 2813
Utility of the Year for the second time in
five years. We won this award for our
commitment to adding new wind energy
and progressive wind integration efforts.
No3of4
MAILIN11 AAARESS
ACCOUNT NUMBER
MONTICELLO EqA
;11- Q517384 -8
p 7/2014
505 WALNUT sT sTE t
MONTICELLOMN5536MV2
STATEMENT NUMBER
ISTATEMENTIDAtE
i +
397249863
[21/10/2014
#:t,96
INFORMATION ABOUT YOUR BILL
Your electric bill this month includes a credit for the difference you paid under interim
rates and the final approved rates with interest. Your credit displays-as the line item
"Elea Interim Refund CR." 'Questions? Contact us at 1 -800- 8954999 or
inquire@xcelenergy.com.
For an average residential customer, 55% of your bill refers to power plant casts, 9%
to high voltage line costs and 36% to the cost of local wires that are connected to
your home.
i; n't Let the 'li inter Chill
neck Into Your Home
ike sure to keep your fireplace damper closed when you aren't
ng it. An open damper could let out your home's heat and let in
outdoor chill,
Xcel Energy®
gESPgNB NLE BY NAVE11194P
Y1 Epks
Temperature
Electricity kWh
ElediHty Coat
QUESTIONS, ABOUT YOUR HILL?
Sae oar website: xcelenergy.com
Email us at: Customersarvice ®xcelenergycom
Please Call. 1 -800 -461 -4700
Rearing Impaired: 1- 800.885 -4949
Fax: 1- 800 - 311 -0050
Orwrite us at; XCELENERGY
PO BOX 6
EAU CLAIRE WI 54702 -0008
Xceffinemy-
NUN IHMN StAlkS PUWFJI COMPANY
Page 101`4
MAILING ADDRESS
ACCOUNT NUMBER
o �
MONT01,1 n FDA
51- 0592578 -0
02/7 0/2014
505 WALNUT ST
MONTICELLO MN 65362 -8821
STATEMENT NUMRER
STATEMENT DATE
r �
397442176
01/19/2014
$12.59
SUMMARY OF CURRENT CHARGES (detailed charges begin on page 2)
Electricity Service 12/07/13 - 01/11/14 26 kWh $20.77
Non - Recurring Charges / Credits r -.....�m.,- _° • -: r v
. Y. ;� . n$8.18 CR
Charges
ACCOUNTRALANCE I q_1 Previous Balance As of 12/07 Payment Received Check 01 /b CR
Balance Fbrward Current Charges .
Amount flue $Ix.S9
INFORMATION ABOUT YOUR RILL
The Resource Adjustment line item on your bill has been updated to roflect changes in
the State Energy Policy and the Renewable Development Fund portions which #�O�a
recover the costs of energy- related legislative mandates and renewable energy
development program costs. Questions? Contact us at 1- 800.481 -4700 or
xcelenergy.com. ''
Interim electric rates became effective Jan. 3, 2014. Sae the enclosed bill insertfor
details. Guestions? Contact us at 1 -800- 481 -4700 or inquiro@xcelenergy.com.
Thank you for your payment.
Convenience at your service - Payyour bills electronically -fast and easy with
Electronic Funds Transfer. Call us at 1- 800 -481 -4700 or visit us at
wtin w xcelenergy,com.
FMTIN BOTTOM PaATIQN WITH YOUR PAYMENT • TUASE110 NATOM UTAPLOJAPE eR PAPEa Bt1P3
ACCOUNT NUMBEH DUE DATE 1h 11 1 X 1 114,116 1 r
51- 0592578 -0 02/10/2014 $12.59
N
Please soothe back of this bill for moro information
regarding tho lato paylmont charge. Pay on or before this
dato dueio avoid aa9e89mentof a Into paymentchargo. 1
Make your choek payable toXCELENERGY 2 3 4 5 6 1 a
9 1 11 12 19 14 1s
AT 01 049755 278898217 A # *SDC37 16 17 18 10 20 21 Y1
Illli11111l1' Illllllflllllll' Illlllllll 'I "I " "illlllfll "111111'I, 73 24 z6 26 27 za
MONTTCELLO EDA
606 WALNUT 81'
MONTICELLO NN 55362 -8831
II'I" 111' Ill "`I "'ll'I " "III1111111' Ill'Ill'I'I "III'111'I1II'�I
XCEL ENERGY
P.O. BOX 9477
MPLS MN 55484 -9477
31 51021014 05925780 I]ClgC 0001259DBBi30001259
i
XcelEnergy
Don'tWaake Energy
at the mice
Avoid phantom energy use by
Unplugging your equipment when
you're out of the office.
M
rueuxmn
tUlA1LIH01ADD11£SS
ACGGUN'fNUiVlti£fl
f r
MOWICELLO FDA
51-0592578 -0
D�11QI2A14
505 WALNUT ST
12913 Anuat
26 kWh
MON1' [CELLO MN55362.0921
STATMENTKUM11£11 STATEMENT ➢ATE
$1.81
O.h1 kV!
397442176 01/1312014
12.0
SERVICE ADDRESS: M PINE STMONTICELL11.MNSM62
NEXT READ DATE: 02/11/14
ELECTRICITY SERVICE DETAILS
PREMISES NUMBER: 303547449
INVOICE NUMBER: 0503045409
,
Read Datev 12/07/13 - U1/1 i Ji 4 m Days)
700m,nd-
CURRENT READING
RREV1Di1SREADING
USAGE
12939 Actual
12913 Anuat
26 kWh
Actual
$1.81
O.h1 kV!
Billable_ Demand
$0.87
Affordability Chrg
ELECTRICITY CHARGES
RATE: Sw [ion Svc (Metered)
DESCRIPTION
USAGE UNITS RATE
CHARGE
Basic Service Cllg
$10.00
rnergy.Charge Winter
26 kWh $0.069530
$1.81
rue[ Cost Charge
26 kWh $0.033462
$0.87
Affordability Chrg
$0.93
Resource Adjustment
$0.13
Interim Rate Ad!
$0.20
Subtotal
$1334
City roes
$5.50
State Tax
6,875%
$1.33
Total
$20.77
NON - RECURRING CHARGES r CREDITS DETAILS
DESCRIPTION CHAR6I3
Isle Interim Refuted CR Premise x`303547449 x$8,18 CR
Total 46i CR
Pop Quiz
pipe insulation can typically reduce energy losses by
A. SR°!a
K R5 °/a
C. 8wo
1).999/8
Sourr.� Rasponsidfol3yNowre.camlDusinuss
J
@ Xceffinergyv
Lo-
The American Wind Energy Association
has recognized Xcet Energy as the 2613
Utility of the Year for the second time in
five years. We won this award for our
commitment to adding new wind energy
and progressive wind integration ef€am.
Pegs 3 of 4
MAILING A006S
ACCOUNT NUMBER
e
MONTICELLO FDA
61-0592578-0
02/10/2014
695 WALNUT ST
MONTICELLO MN 55362 -8821
STATEMENT NUMBER
STATEMENT ]BATE
1 e �
397442176
01/13/2014
$12.59
INFORMATION ABOUTYOUR BILL
Your electric hill this month includes a credit for the difference you paid under interim
rates and the final approved rates with interest Your credit displays as the line item
"£lec Interim Refund CR." Questions? Contact us at 1.800 - 481 -4700 or
inquire @xcelenargy.com.
For an average non - demand customer, 72% of your bill refers to power plant costs,
11% to high voltage line costs, and 17% to the cost of local wires connected to your
business. For an average demand- hifled customer, 82% of your total bill refers to
power plant costs, 10% to high voltage lines, and 8% to the cost of local wires
connected to your business.
ion't Lei the Winter Chid
itneak into Your Home
lake sure to keep your fi roplace damper closed when you aren't
sing it. An open damper could left out your home's heat and let in
ie outdoor chill.
Xce Energy
AEBP41151BLE BY NATUHRm
IDUESTIONS ABOUT YOUR BILL?
Seeourwebsite: xeelonergycom
t_fnail us at: Custornerserviceftelenergy .corn
PIORSa Call: 1- 3BOA01 -4700
Hearing Impaired: I- 800895 -4949
Fax: 1- 90"11.0050
Or write us at: XCEL EPlEnGY
PO BOX B
EAU CLAIRE WI54702 -0008
PREMISES SUMMARY
NORTHERN STATES POWER COMPANY
Pepe I of e
MAILING ADDRESS ACCOUNT NUMBER r
MONTICELLO EDA — 51- 0517365 -5 02/1012014
505 WALNUT ST STE 1
MOMICF,LLO MIN 55362 822 STATEMENT NUMBER STATEMENT BATE " "
397437944 01/13/2014 $108.42
ACCOUNT BALANCE
Previous Balance As of 12/07
$220,86
Payment Received Check 01 /03
- $220,86 CR
Balance Forward
$0.00
Current Charges
$105.42
Amount Due
$105.42
PREMISES NUMBER PREMISE,SlK1UTWIER PREMISES DESCRIPTOR CURRENTRILL
302451493 206 PINE ST $87,25
302695149 112 E BROADWAY ST $10.17
Total X105.42
INFORMATION ABOUT YOUR BILL
The Resource Adjustment line item on your bill has been updated to reflect changes in
the State Energy policy and the Renewable Development Fund portions which ` JAN 2 1
recover the casts of onergy- related legislative mandates and renewable energy s
development program casts. Iluestia»s? Contact us at 1.800 -489 -4700 or � .,�.�,.�,r •• • < <, -- = ;
xcelenergy.com. , „: ...... ..�...._.: r
Interim electric rates became effective Jan. 3, 2014. Seethe enclosed bill insert for
details. Questions? Contact us at 1 -800- 481 -4700 or inquir@Oxcelenergy.com.
Thank you for your payment
nUUBW ROTTOM PORTION WITH YOUR PAYMENT • PIkASE DO R(WIDsE srAP1Fs,TAPE oil PAA3 cups
AwlEnergy, ACCOUNT NUMBER I GUE PATE 11111N=
51- 0517365.5 1 02/10/2014 1 $1055.42
Ploase sae the back of1his hill for more information
regardinglhe lato paymentcharge. ray an or Wforothe
date due to avoid assessmentof a late paylnont charge. 1
Make your check payable to XCEL ENERGY 2 3 4 5 0 7 8
9 r t1 12 13 14 n
AT 02 449031 2768911211 A*"SDGT 16 17 Ill 19 20 21 22
Ilnl#, Ig1Ir 1I# Iy� 'I "Illhrlllll "11II "III"ll",illl "11'!111 "I "1II M 44 xs n n 2111
MONTICELLO EDA
605 WALNUT 5T 5TE 1
MONTICELLO MN 55302 -0831 11!! 1111"" I"" rllli1111111 '1'1`111'II #'lilllllllll' #'!11'"11,11111
XCEL ENERGY
I I BOX 9477
MIRLS NiN 56484-9477
�1 SU21014 05173655 DOODpClIO54200000010542
@ Xceffinergya
I.Y 11ERAGES
:y�,
�
Temperature
�YZ
Electricity kWh?;;
MINOR NUMBER
"g
Elet.1mewyCast
397437944
:t •'�;
i'ap 2 alb 1
MAILING ADDRESS
ACCOUNT HUMBER
+
MONTICELLO EPA
5D5 WALWT ST STE t
MONTICELLO MN 558028022
51- 0517365,5
f1$11U/2II14
MINOR NUMBER
ATEi19ENT RATE
01113/2014
+ +
$105.4x.
397437944
SERWIGE ADDRESS: 206 PINE ST MONTICELLO, MN 553a -WE
NEXT READ DATE; 02/1l/14
ELEC'TRICItY SERVICE DETAILS
PHEMISE$NUMBEN 3A2Q493
INVOICE NUMBER: 0608847507
METER 7727744 Read Dales: 12,/07/1 8 - 01111114 J16 Days]
DESCRIPTION
CURRENT READING
PREVIOUS READING
USAGE
Total'EneW
50216 Actual
49402 Actual
814 kWh
Demand
Actual
I
a.61 kW
Billable Demand
$27.18
Affordability Chrg
4 kVJ
ELECTRICITY CHARGES
RATE; Stu Gen Stye (Metered)
DESCRIPTION
USAQE UNITS RATE
CHARGE
Basic Service Chg
$10.00
Energy Charge Winter
814 kWh $0.069530
$56.60
Fuel Cost Charge
814 Mh $0.033391
$27.18
Affordability Chrg
$0.93
Resource Adjustment
$3.45
Interim Rate Adj
$1.13
Subtotal
x-29
City Foes
$5.50
State Tax
6.875°
$7.20
Total -._ _ ...._
111.99
T
NON-RECURRING CHARGES l CREDITS DETAILS
DESCRIPTION CHARGE
Ele Interim Refund CH Premise #302451493 - $24.74 CR
Total T $24.74 CH
Premises Total $87.29
Pop Quiz
pipe insulation can typically reduce energy losses by
A. 25%
5.5578
C,111(wo
p.IM%
Soarea' Respanaif�eOyNatura cam)Ausineas
R
_.l!
7 XceiEnergyffi
Don'tWaste Energy
at the Office
Avoid.phantom energy use by
unplugging your equipmentwhen
you're out of the office.
Page a of B
MAILINOAUDRESS ACCOUNTNUMBER r t.
MONTICELLO EDA �� - Q�t7365 -5 p2/1 pj20;14
005 WALNUT ST STE 1
MONTICELLO MN W5 2-W22 STATEMENT NUMBER STATEMENT DATE � �
397437944 01/13/2014 $105,42
INFORMATION Ai OUTYOUR BILL
Your electric bill this month includes a credit for the difference you paid under interim
rates and the final approved rates with interest. Your credit displays as the line item
Tlec Interim Refund CR' Cluastions7 Contact us at 1. 800. 481,4700 or
inquireOxceienergy.com.
For an average non- domand customer, 72% of your bill refers to power plant casts,
11 %to high voltage line casts, and 171/c to the cost of local wires connected to your
business. For an average demand - billed customer, 82% of your total bill refers to
power plant costs, 10% to high voltage lines, and 8% to the cost of local wires a
connected to your business,
)on"t Let the Winter Chill
:Pneak Into Your Home
Aake sure to keep your fireplace damper closed when you aren't
sing it. An open damper could let out your home's heat and let in
he outdoor chill.
. -n
I
7 Xce/Eneryy
MAILING ARDNESS
ACGOUN7 NUMBER
SERVICE ADDRESS: 192 E BROADWAY ST MONTICIU8. MN =62-"21
MONTICELLO FDA
505WALNUr Sr STE 1
51-05M65-5
02'f1fI AI4
MONTICELLO MN 55362 -8622
.STATEMEN71tUMBER
I STATEMENT DATE
i i
..' ,
kt °fig.
397437944
01J13/2014
$105A2
METER 7727732 Read Dates; 12/07/13 - 01/11114(311 Days]
DESCRIPTIDN
SERVICE ADDRESS: 192 E BROADWAY ST MONTICIU8. MN =62-"21
PREVIOUS READIN0
,:.
NEXT READ WE: 02/11/14
Temperature`..
Flectrieity ffib.
lF ;t .
ELECTRICITY SERVICE DETAILS
Eleatricttp Cost
..' ,
kt °fig.
pREM15ES NUMBER: 902695149
2.78 kW
0111ahla Demand
INVOICE DIUMBER; 0503847260
METER 7727732 Read Dates; 12/07/13 - 01/11114(311 Days]
DESCRIPTIDN
CURRENT READING_
PREVIOUS READIN0
USAGE
Total f nerpy
64416 Actual
94128 Actual
286 kWh
Demand
Actual
$20.02
2.78 kW
0111ahla Demand
$9.61
Affordability Chrg
a kW
ELECTRICITY CHARGES
BATE, Sm &on Svc (Metered)
Ele interim Refund CR Premise #302695149
DE$CRIPTION
USAGE UNITS RATE
CIIAn6E
Basic Service Chg
fS
$10.00
Energy Charge Winter
288 kWh $0.059530
$20.02
Fuel Cast Charge
208 kWh $0.033368
$9.61
Affordability Chrg
$0.93
Resource Adjustment
$1.24
Interim Hate Adj
$0.51
Subtotal
$42,31
City Fees
$5.50
State Tax
6.875
$$.29
Total
$51.10
MOO- RECURRING CHARGES J CREDITS DETAILS
DE$c 1firnoN
CHAROE
Ele interim Refund CR Premise #302695149
- $32.93 CR
Total
- $32.93 CR
fS
PreMsesTotal
$10.17
Il<dFd1MATIQN ABOUY YOUR SILT.
Your aleadc bill this month includes a credit for -the difference you paid under interim
rates and the final approved rates vvith interest. Your credit displays as the tins item
"Floc Interim Refund CR:' Questions? Contactus at 1- 800 -481 -4700 or
inquire @xcelo nargy.c om.
For an average non- demand customer, 72a/a of your bill refers to power plant costs,
11% to high voltage line costs, and 170A to the cast of local wires connected to your
business. For an average demand- billed customer, $31b ofyourtotal bill refers to
power plant costs, 1A to high voltage limes, and 8% to the cost of local wires
connected to your business.
7 Xceffinergym
1
,��
Happy NewYear
A Now Year provides new opportunities
to savel See how businesses like
yours are saving money at
ResponsiblBBYN8tura .GamlRusiness.
M.
A now year is
a great time Tor..
Pape uara
MA LING ADDRESS
ACCOM NUMBER
g2J10/211'14
MONTICELLO MA
51 -0517365 -5
505 WAIAUT ST STE 1
M0MICELL0MM55362022
STATEMENTNUMBER
STATEMENTUATE
397437944
0111312014
$105.42
Xcel Energy is 2413 Utility of the Year
The American Wind Energy Association (AWEA) has awarded Xcel Energy its 2013
Utility of the Year award.
AWEA notes thatXcel Energy's vast eight -state service territory gives the utility,
access to some of the bestwind resources in the country. For nine years in a row, Xcel
Energy has been the Cue. T wind provider among utilities. It currently has 4,900
megawatts and plans to increase that by 40 percentthrough new agreements to
purchase wind energy and to build two now wind farms in North Dakota and
Minnesota.
'By working with wind developers, Xcel Energy shows how a company can satisfy
aggressive state renewable energy requirements and its customers' interest in clean
onergywhile keeping rates low," says AWEA CEO Rob Gramlich. "Ifs bringing new
wind to its customers at a price that is below even today's low natural gas prices. ";
"Xcel Energy is honored to receive AVVEKs Utility of the Year award," said Ben Fowke,
chairman, president and CEO. "We are proud of our commitment to wind energy —but
just as proud of the factthatwe are delivering wind energy at a price that benefits
customers. Because we operate in a region with abundant wind resources, we've
been able to establish a significantwind portfolio and now plan to increase itby40
percent. We also have been successful in our wind forecasting efforts and our ability
to improve the integration of wind into our system. We are grateful to AWEA for
recognizing those efforts."
Through its wind portfolio and other clean energy efforts, Xcel Energy is on track to
raduce its carbon dioxide emissions 31 percent by 2020.
Now rocipes, now ways to be anorgy efflciont,
new rebates, now prizes to win and more.
Join our growing number of followers on
Facebook, Twitter and Pinterest who stay
in the know about important information
and specials.
St. Bens Pay -as- you -go
District: 24
Payment to: 5t. Cloud Hospital
Original Amount
440,000.00
Interest Rate
8.000%
Payments Commence
811/01
Ending on Later Than
211126 � c � i�I'to t
Available-T1F
90,000%
8/1/2014
Increment
17,407,93
1/11/2015
Total
Balance
Date
Received
Principal
Interest
Payment
Remaining
7/26/2001
23,269.68
23,597.00
17,433.00
41,030.00
416,403.00
1115/2002
24,374.00
16,656,00
41,030.00
392,029.00
7/25/2002
16,772.00
15,521 .00
32,293.00
375,257.00
1/14/2003
17,283.00
15,010.00
32,293.00
357,974.00
7/24/2003
13,919.00
14,351.00
28,270.00
344,055.00
1/23/2004
14,608.00
13,762.00
28,270,00
329,547.00
7/22/2004
(73.00)
11,083.00
11,010.00
329,620,00
12131/2005
5,140,00
13,185.00
18,325.00
324,480.00
1/19/2006
0.00
31665.00
3,665.00
324,480.00
712012006
8,609,00
12,979.00
21,588.00
315,871.00
12/31/2006
5,355.D0
12,635.00
17,990.00
310,516.00
1/18/2007
21,588.00
13,365.00
34,953.00
288,928.00
7/19/2007
8,635.00
12,421.00
21,056.00
280,293,00
7/31/2007
8,900.00
12,156.00
21,056.00
271,393.00
1128/2008
9,255.00
11,800.00
21,065.00
262,138,D0
811/2008
11,409.00
11,151.00
22,660.00
250,729.00
1/1/2009
25,067.00
12,531.14
10,029.16
22,560.30
238,197,86
8/1/2009
26,930,11
14,709.18
9,527.91
24,237.10
223,488.68
1/112010
26,930.11
15,297.55
8,939.55
24,237.10
208,191.12
8/1/2010
24,078.90
13,343.37
8,327.64
21,671.01
194,847,76
1/112011
24,078.91
13,877.11
7,79191
21, 671.02
180,970.65
811/2011
23,511.43
13,921.46
1,238.83
21,160.29
167,049.19
1/1/2012
23,511.43
14,478.32
6,681.97
71,160,29
152,570.87
8/112012
23,866.06
15,376.62
6,102.83
21,47945
137,194.25
11112013
23,866.05
15,991.68
5,487.77
21,479,45
121,202.57
8/1/2013
23,269.68
16,094.61
4,848.10
20,942.71
105,107.97
1/1/2014
23,269.68
16,738.39
4,204.32
88,369.57
8/1/2014
23,269.68
17,407,93
1/11/2015
23,269.68
18,104.25
8/1/2015
23,269.68
18,828.42
11112016
23,269.68
19,581.55
8/1/2016
23,269.68
14,447.43
Total 440,000.00 296,781,60 736,781.60
JAN 1 6 ;'.Oi/4 `° ,
3,534.78
20, 942.71
70, 961.64
2,838.47
20,942.71
52,857.40
2,114.30
20,942.71
34,028.98
1,361.16
20,942.71
14,447.43
577.90
15,025.33
0.00
Total 440,000.00 296,781,60 736,781.60
JAN 1 6 ;'.Oi/4 `° ,
Front Porch Assoc. Pay -as- you -go
District: 29
Payment to, Front Porch Associates LTD. /Michael Cyr
Original Amount
220,000.00
Interest Rate
7.250%
Payments Commence
811104
Ending on Later Than
211120
Available TIF
80.000%
8/1/2014
Increment
751.32
6,435.02
Total
Balance
Date
Received
Principal
Interest
Payment
Remaining
7/22/2004
8,982.93
(4,110.00)
3,865.00
(245.00)
224,110.00
1120/2005
8,982.93
(5,734.00)
2,390.00
(3,344,00)
229,844.00
7/21/2005
8,982.93
1,052,00
8,332.00
9,384.00
228,792.00
1/19/2006
8,982.93
(1,362,00)
6,932,00
5,570.00
230,154.00
7/20/2006
8,982.93
3,614,00
8,343.00
11,957,00
226,540.00
1118/2007
8,982.93
2,688.00
8,212.00
10,900,00
223,852.00
7/19/2007
8,982.93
5,240.00
B,115.00
13,355.00
218,612.00
1/2812008
8,982.93
1,452,00
7,925.00
9,377.00
217,160,00
8/112008
3,629,00
7,872.00
11,501.00
213,531.00
1/1/2009
18,949.00
7,418.70
7,740.50
15,159.20
206,112.30
8/1/2009
15,390.35
4,840.71
7,471.57
12,312.28
201,271.59
1/1/2010
14,460.64
4,272,42
7,296,10
11,568.51
196,999.17
8/1/2010
13,081.79
3,324.21
7,141.22
10,465.43
193,674.96
1/1/2011
13,081.74
3,444.67
7,020.72
10,465.39
190,230.29
811/2011
12,064.21
2,755.52
6,895.85
9,651.37
187,474.77
1/112012
12,0544.88
2,847,94
6,795.96
9,643.90
184,626.82
8/112012
11,134.04
2,214,51
6,692.72
8,907.23
182,412.31
1/1/2013
12,602.74
3,469.75
6,612.45
10,082.19
178,942.57
8/1/2013
8,982.93
699.68
6,486.67
7,186.34
178,242.89
1/1/2014
8,982.93
725.04
6,461.30 -_ -_
177,517.85
8/1/2014
8,982.93
751.32
6,435.02
7,186.34
176,766,63
1/112015
8,982.93
778.513
6,407.79
7,186.34
175,987.97
81112015
8,982.93
806.78
' 6,379.56
7,186.34
175,181.19
1/1/2016
8,982.93
836.03
6,350.32
7,186.34
174,345.17
8/1/2016
8,982.93
866.33
6,320.01
7,186.34
173,478.83
1/1/2017
8,982.93
897.74
6,288.61
7,186.34
172,581,10
8/1/2017
8,982.93
930.28
6,256.06
7,186.34
171,650.82
1/1/2018
8,982.93
964.00
6,222.34
7,186,34
170,686.82
81112018
8,982.93
998.95
6,187.40
7,186.34
169,687.87
1/1/2019
8,982.93
1,035.16
6,151.19
7,186.34
168,652.71
Total 51,347.29 201,599.35 252,946.64
40 l K J,�_ep 14
'i li� li L4I4 SI'aJr.
Cub Pay -as- you -go blalance
Dlablet: 22.1
Payment to; SRF Properties (Cub)
Original Amount
500,000,00
Interest Rate
7.500%
Payments Commence
111100
Ending no Later Than
211120
Available TIB
90.00%
PID
165.076.001010
Increment Total Balance
Date Received Principal Interest Payment Remaining
1/1/2000 0,00 500,000.00
8/1/2000 (30,808.00) 6,692.00 (24,116.00) 530,808.00
111/2001 (13,713,00) 61192.00 (7,521,00) 544,621.00
8/112009 (7,845,00) 12,574.00 4,729.00 562,366,00
1/1/2002 (8,139.00) 12,574.00 4,436.00 560,605.00
8/1/2002 (21,019.00) 12.00 (21,007,D0) 681,524,00
1/1/2003 (21,807,00) 0.00 (21,807.00) 603,331.00
8/1/2003 (20,063,OD) 2,562,D0 (17,601,00) 023,394,00
111/2004 (20,816,00) 2,552,00 (18,253.00) 644,209,00
8/1/2004 (20,401.00) 3,757,00 (16,644.00) 664,610.00
111/2005 (21,168,00) 3,757,00 (17,400,00) 685,776.00
81112006 (20,590.00) 5,118,00 (15,481.00) 706,376,00
1/1/2006 (21,371.00) 5,118.00 (16,253.00) 727,746,00
8/1/2008 (20,522.00) 6,768.00 (13,754,DQ) 748,2B8,00
1!112007 (21,292,00) 6,768.00 (14,524.00) 769,560.00
8/112007 (20,221.OD) 8,637,00 (11,584.00) 789,781.00
112812008 (20,981,00) 8,63$,00 (12,345,00) 610,702,00
8/112008 (8,178.00) 27,228,00 24,063.00 813,937.00
1/912009 29,697.00 (26,295,00) 4,227,00 4,227,30 040,232,00
81112009 31,728,16 (31,508.70) 6,055,34 6,055.34 671,740.70
111! ?-010 31,728.15 (32,690,28) 26,555,34 28,555,34 904,430.98
8/1/2010 32,032.69 (33,916.16) 28,B29,42 28,829.42 938,347.14
1/1/2011 32,032.69 (35,188.02) 28,829.42 28,829.42 973,636.16
B1112011 24491.17 (36,507.57) 25,642,06 26,642,05 1,010,042.72
111!2012 28,491.17 (37,876.60) 25,642.05 25,642.05 1- ,047,819.33
8/1/2012 29,338.51 (39,296.97) 26,404,66 26,404.66 1,087,216.30
1/112013 29,338.51 (.10,770.61) 26,404.66 26,404.66 1,127,086.91
8/112013 28,241.30 (42,299.51) 26,417.17 25,417.17 1,170,286.42
111/2014 2a,241.30 (43.886.74 25,417,17 1,214,172.16
811!2014
28,241.30
(45,531.46)
25,417.17
25,417.17
1,259,703.62
111/2015
28,241.30
(47,238.69)
25,417,17
26,417.17
1,306,942.50
81112015
28,241.30
(49,010.34)
25,417,17
25,417,17
1,355,952,65
11112016
28,241.30
(50,848.23)
25,417.17
25,417,17
1,40,801,08
8/1/2016
28,241,30
(52,755.04)
25,417.17
26,417.17
1,459,556.12
1111 017
28,241.30
(54,733,35)
25,417,17
25,417.17
1,514,289.47
0!112017
28,241.30
(56,785.86)
26,417.17
25,417.17
1,571,075.33
111/2018
28,241.30
(58,915,32)
25,417.17
25,417.17
1,629,990.66
8/1/2018
98,241.30
(61,`124,65)
25,417.17
25,417.17
1,691,115.30
11112019
28,241.30
(63,416.82)
25,417.17
25,417.17
1,764,532,13
8/1/2019
28,241.30
(65,794.95)
25,417,17
25,417.17
1,820,327.08
11112020
28,241.30
(68,262,27)
26,417.17
26,417.17
1,880,589.35
Total (1,084,808.36} 692,294.33 668,138.03
PIW( only)__ 1s1.Wrrlf 2nd Half Total
155,076.00101'0 t :.28;2`fU491; 6614B2,60
Total Paid ;2, „ x - 66,482,60
< f90
Clow
c o
V,A)
T &AZ 5 Ax"
f JAN 1 6 20K
j A
Wright County» Property Search)) Page 1 of 1
��1 y M
Home o Pwaarty. INvironmew & Parks)) Pfwarty N Property Search n Results List n Tax Summary
Pimpeft SealrcheiRi mmdcT= Sip =tom, Law &' Licenses & Certificates Property, G1S, ' Highway Management
Government, s Social Services v Legal v v Environment & Para w & Transportation v
The property Warntation database is updated dally, Last updated.1121 /2014 3: 00 AM
Ttit>t �tlitllilk5
.Property ID: 155-076-001010
t NSessnient I Appraianl �tle Dot ai!
Tax Year: 12013 v
Taxable Market Value
3,958,000
Total Improvement Amount
0
Tax Capacity Amount
78,410
Green Acres?
NO
Total Tax
138,402.00
Total Adjustments
0.00
Penalty Collected
0.00
Interest Collected
0.00
Tax Collected 1st Half
69,201.00
Tax Collected 2nd Half
69,201.00
Special Assessments Collected
0.00
Total Amount Unpaid
0.00*
Prlor Years Unpaid? No
Total Payoff Amount for all years (ohok the amount for details) 0.00
Confession of Judgement (COO) Total Amount Unpaid and Total Payoff Amount are not correct for COS
parcels, Pleaso call 763 -682- -8953 or 763- 682 -7587 for these amounts.
* The Total Amount Unpaid does not include penalties. Penalty, interest & fees and all years unpaid taxes are
included in the Total l'ayofl'Amount. Late payments received without the penalty, interest & fees wl11 be first
applied to the penalty, interest & fees owed, leaving a tax amount due.
New Search :: Parcel Data ;; Tax Summary:: Tax Statements :: Asscssmcnt :; Appraisal :: Sales Detail
Pay Taxes
As a public service Wright County is providing liecessto information maintained by Wright County for individual parcels of
property. This information is to be used for reference purposes only. Although reasonable efforts are taken to publish the
most current property information, Wright County does not guarantee accuracy of the material contained herein and is not
responsible for misuse or misinterpretations,
L i 1=ISEN5E5 &CERTIEICA -T3 I
RCH I &S I SITE MAP I
02013
http: / /vvww.co.wri ght.mn.0 ,gl department /audtreaslproptaxlresulls. asp ?pid=15 5076001010 &. , . 1/21/2014
Landmark Square Phase Pay- as -ru -go bialance
District: 22.5
Payment to: Master's Fifth Avenue
Original Amount
185,000.00
Interest Rate
8.000%
Payments Commence
811109
Ending no Later Than
211123
Avallabla TIF
90.OD%
PID
166.010.036130 & 165.010.036140
6!112014
Increment
5,D55.98
Total
Balance
Date
Received
Principal Interest
Payment
Remaining
8/1/2003
5,617.76
5,055.98
0.01)
185,000,00
111/2004
5,617.76
6,055,08
0.00
185,000,00
811/2004
5,617.76
3,085.00
31085.00
185,000.00
9/112005
6,017.70
3,084.00
3,084.00
185,000,00
8/112005
5,017.76
8,393,DO
6,393.00
185,000.00
9!112006
5,617.76
61393.00
6,393.00
185,000.00
.81112006
5,617,76
6,830.00
6,830.00
185,000.00
1/1/2007
6,617.76
6,830.00
6,830.30
185,000.00
8/1/2007
5,617.76
90.00 7,400.00
71490.00
164,910.00
112812008
6,617.76
94.00 7,396.00
7,490.00
104,816.00
8/112008
6,617.76
5,106,00
5,106.00
184,616.00
11912009
6,332.00
5,69830
51698.80
18016.00
8/1/2009
6,304.90
5,674,41
5,674.41
184,816.00
1/1/2010
0,304,90
5,674.41
5,674.41
184,816,00
811/2010
6,266.02
5,839.42
5,639,42
184,816.00
111!2011
6,266,02
5,639.42
5,639.42
184,816.00
.81112091
5,668.11
5,101.30
5,101.30
184,816.OD
1/1/2012
5,668.11
5,101.30
6,101.30
184,816.00
811/2012
5,835.67
5,252.11)
5,252.10
184,816.00
111/2013
5,835.67
61252.10
5,252.10
184,816.00
8/112013
5,617.76
61068,98
5,056.98
184,816,00
1/1/2014
5,617.76
5,055.98...,_
OJW�
184,816.00
6!112014
5,617.76
5,D55.98
5,056,96
184,816.00
11112015
5,617.76
5,065.98
5,055,9B
184,816.00
811!2016
5,617.76
5,055.98
5,056,98
184,816,00
1/1/2016
5,617.76
6,055,08
5,055.08
184,816,00
8/1/2016
5,617.76
51055,98
5,056.98
184,816.00
1/1/2017
6,017.70
5,055.08
5,055.98
184,816.00
8/1/2017
5,017.76
5,055,98
5,055.98
184,816.00
11112018
5,617.76
5,055.98
5,055.98
184,816.00
OM12018
5,617,76
5,056.98
51055.98
1841816.00
V112019
6,617.76
8,055.98
5,055,98
184,Bi6.00
811/2019
5,617.76
5,055.98
5,055.98
184,816.00
11112020
6,617.76
6,055.98
61055.98
1B4,B1&DO
61112020
6,617.76
5,0{5,98
5,055.98
184.616.00
1/112021
66,617.76
6,055,98
6,056.98
184,816.00
6/1/2021
6,617.76
5,055,98
5,055.98
184,816,00
VV2022
6,617.76
51055.08
5,055,98
184,816,00
8/1/2022
5,617.76
5,055.98
5,055.98
184,818,00
1/112023
5,617.76
5,055,98
5,055.98
184,816,00
Total 94.00 162,654.94 162,748.04
PID TIF only)
1st Hell 2nd Half
Total
155,010.036130
I Y: , ' 3,
676.05
1615,010,030140
67`
10,557.46
Total Paid
RA6.A-A 6'
11,235.51
G� 211 e/
0�� � 7 `
Wright County » Property Search
� Y/ Wr
.Home p Pmppity. Environment A Puks» Property)) Property Search)) Rotdjs Liui u Tax Summery
Page 1 of 1
ft SearCllieflliiltelbclttii x SLl'[flf3'1'a #*, Law & , Licenses & Certiflcates Property, cis, .. Highway Management
Government V Social Services v Legal s v Environment & Park.. & Transportation v
71he property Frtformadlon database (s updated dally. Last updated :1 12112014 3: OO AM
Trf tsttinary cc== �iili :''M
Property ID: 155- 010 - 036130 Tax Year; 2013 v
Taxable Market Value
47,100
Total Improvement Amount
0
Tax Capacity Amount
942
Green Acres?
No
Total Tax
1,852,00
Total Adjustments
0,00
Penalty Collected
0.00
Interest Collected
0100
'Tax Collected 1st Half
830.49
Tax Collected 2nd pals
830.48
Special Assessments Collected
191.03
Total Amount Unpaid
0.00*
Prior Years Unpaid? No
Total Payoff Amount for all years (dlck the amount for details) 0.00
Confession of Judgement (COJ) Total Amount Unpaid and Total Payoff Amount are not correct for COJ
parcels. Please call 763- 6828953 or 763.682 -7587 for those amounts.
* The Total Amount Unpaid does not include penalties. Penalty, interest & fees and all years unpaid taxes are
included in the Total payoff Amount. Late payments received without the penalty, interest & fees will be first
applied to the penalty, interest & fees owed, leaving a tax amount due.
New Search :: Parcel Data ::Tax Suinlnary :: Tax Statements :: Assossmont :: raisal :: Sales Detail ::
Pay 'razes
As a public service Wright County is providing access to information maintained by Wright County for individual parcels of
property. This information is to be used for reference purposes only, Although roasonable efforts are taken to publish the
most currant property information, Wright County does not guarantee accuracy of the material contained herein and is not
responsible for misuse or misinterpretations.
02013
http: / /www.co. Wright. mn. us/ departmentlaudtreEts 1proptaxlresultg .asp ?pid=;15501003 613 0 &... 1/21/2014
Wright County > Property Search >r
-AhL--- eft flit covwtR MW
9W'-
Horns» roe [ u pr° °eriv» Prooeriv Sesrah» Results Llst» I�x Snmm�ry
Page 1 of 1
�]� Sieardt melcT C $llHfl'il'iiiaiep, Law & Licenses & CertlFlcates property, GiS, ' highway Management
Government v Social Services v Legal x v Fnvlronment & parlor & Trarisportatlon ■
The property irtf`arination database is updated daily. Last update& 112 112 01 4 3:00 AM
■li�d� � Tait �tnnma � � r
Property ID: 155-010-036140 Tax Year: 2013 v
Taxable Market Value
952,104
Total Improvement Amount
0
Tax Capacity Amount
14,656
Green Acres?
No
Total Tax
28,358.00
Tatal Adjustments
0100
Penalty Collected
0.00
Interest Collected
0 00
Tax Collected 1st Hall'
11,566.22
Tax Collected 2nd Half
1.1,566.21
Special Assessments Collected
5,225.57
Total Amount Unpaid
0100*
Prior Years Unpaid? No
Total Payoff Amount for all years (click tho amount fer details) 0.00
Confession of Judgement (CO.I) Total Amount Unpaid and Total Payoff Amount are not correct for Col
parcels. Please ca11763 -682 -8953 or 763 - 682 -7567 for these amounts.
e The Total Amount Unpaid does not include penalties. Penalty, interest & fees and &1l years unpaid taxes are
included in the Total Payoff Amount. Late payments received without the penalty, interest & fees will be first
applied to the penalty, interest & fees owed, leaving a tax amount due,
New Search::. Parcel Data ;; Tax Summary:; :: Tax Statements:: Assessment ;; Appraisal:: Stiles Detail::
PU Taxes
As a public service Wright County is providing access to information maintulncd by Wright County for individual parcels of
property. This information is to be used for reference purposes only. Although reasonable efforts are taken to publish the
most current property information, Wright County does not guarantee accuracy of the material contained herein and is not
responsible for misuse. or misinterpretations.
02013
http:llwww.co.wright.mn.usl dept' tmentlautdtreaslproptaxlresuhs. asp?pid =155 010036140 &... 1/2112014
201 2
R -12
CONST55
R -13
DIST #6
DANCE
H -23
DIST #19
Mississippi
Shoress
H -24
DIST #20
West
R -22
DIST #22
Downtown n
H -26
DIST #24
Be edicts
H -29
DIST #29
Porch
H -29
DIST#30
CMHP
R -22
DIST #34
Interchange
R -33
DIST #35
Square Ik
E -15
DIST #36
DISTRIB
E -16
DIST #37
KzF Foods
E -17
DIST #38
Walker
E -21
DIST #39
M nuffactturing
GMEF
GENERAL
V
V
TOTALS
Fund Balance (deficit) 1/1/12 (per ledger)
392,905
508,198
27,447
152,909
1,871,771
33,496
72,354
88,466 11
(133,280)
E- $4,7961
$8,5481
7,598
617
4,434
1,042,686
3,395,706 I
7,478,651
REVENUE:
Taxes
$0
Property Rental
$32,748
$1,000
$33,748
Loan Repayments - Principal
$0
Loan Repayments- Interest
$12,673
$12,673
Tax increments
$52,498
$83,229
$32,686
$17,938
$376,242
$47,732
$23,737
$7,689
$272,296
$67,161
$24,550
$12,604
$5,772
$1,024,134
Interest income
$ 16,463
$ 21,634
$ 1,653
$ 5,580
$ 49,242
$ 1,407
$ 2,929
$ 1,947
$ (6,202)
$ 180
$ 393
$ 245
$ (196)
$ (1,751)
$ 25,513
$ 44,611
$163,648
Other Misc. Revenue
$111,064
$111,064
Transfer in from debt service and other funds
$0
TOTAL Revenues
$68,961
$104,863
$34,339
$23,518
$458,232
$49,139
$26,666
$9,636
1 $266,094
$180
1 $67,554
$24,795
$12,408
($1,751)
$38,186
$162,447
$1,345,267
EXPENSES:
Salaries
$9,883
$9,883
Fringe benefits (PERA, FICA, Health)
$4,023
$4,023
Dues, memberships
$4,309
$4,309
Legal publication
$28
$28
$28
$28
$211
$28
$28
$28
$28
$28
$28
$28
$28
$672
$1,219
Travel, Conferences, Schools
$438
$438
Property taxes
$20,862
$20,862
Prof. services- -legal
$1,044
$1,409
$150
$15,281
$150
$150
$144
$10,487
$28,815
Prof. services - -engr
$2,146
$4,461
$6,607
Prof. services -- mist.,
$393
$393
$2,568
$393
$77,882
$393
$393
$393
$393
$393
$393
$393
$393
$393
$7,936
$93,102
Marketing
$13,047
$13,047
Interest expense - -debt
$740
$740
Principal expense - -debt
$10,956
($933)
$10,023
Misc. other expense (incl. Fiscal Agent Fees)
$90,513
$90,513
TIF loan (pay as you go)
$7,175
$63,314
$42,959
$18,989
$7,689
$63,803
$24,550
$12,604
$241,083
Land acquisition
$65,000
$1,026,873
($65,000)
$1,026,873
Transfer to other funds - Debt Service
I
i $378,680
$320,584
$699,264
TIF Surplus
$42,563
$42,563
TOTAL Expenses
$1,465
$421
$4,005
$84,442
$1,625,666
$43,530
$19,560
$8,110
$321,005
$421
$64,224
$24,971
$13,025
$2,683
$0
1 $79,836
$2,293,364
Fund Balance (deficit) 12/31/12
$460,401
$612,640
$57,781
$91,985
$704,337
1 $39,105
$79,460
1 $89,992 11
($188,191)
$4,555
$11,878
$7,422
$01
1 $1,080,872
1 $3,478,317
$6,530,554
2013
R -12
CONST55
R -13
DIST #6
DANCE
H -23
DIST #19
MShorePpl
H -24
DIST #20
West
R -22
DIST #22
Downtown n
H -26
DIST #24
Be edicts
H -29
DIST #29
Porch
H -29
DIST#30
CMHP
R -22
DIST #34
Interchange
R -33
DIST #35
Sq are Ik
E -15
DIST #36
DISTRIB
E -16
DIST #37
KaF od 9er
E -17
DIST #38
Walker
E -21
DIST #39
M nuffactturing
GMEF
GEEDAAL
V
V
TOTALS
Fund Balance (deficit) 1/1/13 (per ledger)
460,401
612,640
57,781
91,985
704,337
39,105
79,460
89,992
(188,191)
4,555
11,878
7,422
®0
®0
1,080,872
3,478,317
6,530,554
REVENUE:
Taxes
$0
Property Rental
$25,404
$1,000
$26,404
Loan Repayments - Principal
$200,268
$117,742
$318,010
Loan Repayments- Interest
$7,250
$42,116
$49,366
Tax increments
$76,894
$32,686
$15,408
$340,652
$46,539
$17,966
$6,750
$271,906
$66,593
$24,469
$12,600
$53,471
$965,934
Interest income
$0
($9,173)
($1,173)
($1,333)
($8,266)
($533)
($1,120)
($1,227)
($53)
($160)
($107)
$0
$53
($16,159)
($14,079)
($53,330)
Other Misc. Revenue
$43
$43
Transfer in from debt service and other funds
$92,000
$92,000
TOTAL Revenues
$0
$67,721
$31,513
$14,075
$357,790
$46,006
$16,846
$5,523
$271,906
($53)
$66,433
$24,362
$12,600
$53,524
$191,359
1 $238,822
$1,398,427
EXPENSES:
Salaries
$1,070
$1,070
Fringe benefits (PERA, FICA, Health)
$493
$493
Dues, memberships
$2,374
$2,374
Legal publication
$225
$20
$20
$20
$20
$20
$20
$20
$20
$20
$20
$20
$0
$20
$280
$745
Travel, Conferences, Schools
$95
$95
Property taxes
$32,603
$1,628
$34,231
Prof. services- -legal
$6,881
$7,187
$14,068
Prof. services- -engr
$0
Prof. services -- mist.,
$2,760
$21,683
$0
$0
1
$56,080
1 $80,523
Marketing
$722
$722
Interest expense - -debt
$0
Principal expense - -debt
$0
Misc. other expense (incl. Fiscal Agent Fees)
$5,031
$5,031
TIF loan (pay as you go)
$5,919
$60,946
$41,885
$14,373
$6,075
$63,263
$24,469
$12,580
$53,471
$282,981
Land acquisition
$315,742
$315,742
Transfertoother funds -Debt Service
$460,401
$319,403
$779,804
TIF Surplus
I
I
I
I
$0
TOTAL Expenses
460,401
2,985
20
5,939
437,875
41,905
14,393
6,095
319,423
20
63,283
24,489
12,600
53,471
20
74,960
1,517,879
Fund Balance (deficit) 12/31/13
®0
677,376
89,274
100,121
624,252
43,206
81,913
89,420
I (235,708)
4,482
15,028
7,295
®0
53
1,272,211
3,642,179
6,411,102
Land Held for Resale 2,349,556 2,349,556
Notes Receivable $89,195 9,581 98,776
Spendable Fund Balance $0 $677,376 $89,274 $100,121 $624,252 $43,206 $81,913 $89,420 ($235,708) $4,482 $15,028 $7,295 $0 $53 $1,183,016 $1,283,042 $3,962,770
Greater Monticello Evolving Fund
12/31/2013
Beginning Ending
Balance Principal Balance
Loan 110112013 Payments 1113012013
Tappers /Genereaux
$ 2,087.07
$
2,087.07 $ -
Tappers Holdings
144,419.84
144,419.84 -
Pet Hospital
36,592.92
13,742.10 22,850.82
Hoglund
106,362.79
40,018.77 66,344.02
Total
$ 289,462.62
$
200,267.78 $ 89,194.84
2013 Interest Paid 1213112013
Tappers /Genereaux (2.75 %, 2003 -13) $ 11.97
Tappers Holdings (3.5 %, 2010 -13) 3,850.93
Pet Hospital (3 %, 2012 -14) 757.90
Hoglund (3 %, 2010 -15) 2,629.23
Total 7,250.03
Pet Hospital is not current.
EDA Agenda - 02/12/14
5c. Consideration to review EDA Bylaws. (AS)
A. REFERENCE AND BACKGROUND
The EDA is asked to review the Bylaws of the Economic Development Authority and to
recommend any necessary amendments.
The EDA's bylaws outline the role of the EDA officers, executive director, and the general
meeting rules and procedures.
As the EDA may recall, in 2013, revisions to the bylaws were adopted by the EDA which
reflected the change in Executive Director from Economic Development Director to City
Administrator and to describe EDA members consistently throughout the document as
,,Commissioners ".
Kennedy & Graven has reviewed the bylaws and has found no other required changes from
a legal or statutory standpoint are necessary at this time.
B. ALTERNATIVE ACTIONS
1. If no amendments are requested by the EDA, no action is necessary.
2. If amendment is requested:
Motion to direct staff to prepare amendments to the Economic Development
Authority as may be directed by the EDA.
C. STAFF RECOMMENDATION
Consistent with the EDA's Attorney, staff believes that the bylaws of the EDA continue to
accurately reflect EDA practice and are consistent with the EDA's adopted Enabling
Resolution.
D. SUPPORTING DATA
A. Bylaws of the Economic Development Authority, February 13th, 2013
B. EDA Enabling Resolution
BYLAWS OF THE
ECONOMIC DEVELOPMENT AUTHORITY
ARTICLE I - THE AUTHORITY
Section 1. Name of Authority. The name of the Authority shall be the "City of
Monticello Economic Development Authority."
Section 2. Office of Authority. The office of the Authority shall be at the City Hall
in the City of Monticello, State of Minnesota, but the Authority may hold its meetings at such
other place or places as it may designate by resolution.
Section 3. Seal of Authority. The seal of the Authority shall be in the form of a
circle and shall bear the name of the Authority and the year of its organization.
Section 4. Establishment. The City of Monticello Economic Development Authority
is established pursuant to Minnesota Statutes, Section 469.090 to 469.1081, as amended.
ARTICLE II - THE COMMISSIONERS
Section 1. Appointment, Terms, Vacancies, Pay, and Removal.
Shall be in accordance with the Amended and Restated Resolution Enabling the Creation of the
City of Monticello Economic Development Authority dated October 22, 2007 and as it may be
amended (the "Enabling Resolution ") and Section 2 -3 -1 of Ordinance Amendment No. 172,
Chapter 3, City of Monticello, Wright County, Minnesota (the "Ordinance ").
ARTICLE HI - THE OFFICERS
Section 1. Officers. The Authority shall elect a president, a vice president, a
treasurer, a secretary, and an assistant treasurer at the annual meeting. A commissioner must not
serve as president and vice president at the same time. The other offices may be held by the
same commissioner. The offices of secretary and assistant treasurer need not be held by a
commissioner,
Section 2. President. The President shall preside at all meetings of the Authority.
Except as otherwise authorized by resolution of the Board of Commissioners, the President and
the Executive Director (the Assistant Treasurer, in the Executive Director's absence or
incapacity) shall sign all contracts, deeds, and other instruments made or executed by the
Authority, except that all checks of the Authority shall be signed by the Treasurer and Assistant
Treasurer. At each meeting the President shall submit such recommendations and information as
he or she may consider proper concerning the business, affairs, and policies of the Authority.
Section 3. Vice President. The Vice President shall perform the duties of the
President in the absence or incapacity of the President, including signing all contracts, deeds, and
1
325599v5 MN1 MN190 -130
other instruments executed by the Authority; and in the case of the resignation or death of the
President, the Vice President shall perform such duties as are imposed on the President until such
time as the Board shall select a new President.
Section 4. Secretary. The Secretary shall keep minutes of all meetings of the Board
and shall maintain all records of the Authority. The office of Secretary may be held by the
Executive Director upon approval thereof by the Authority.
Section 5. Treasurer's Duties. The treasurer;
(1) shall receive and is responsible for Authority money;
(2) is responsible for the acts of the assistant treasurer;
(3) shall disburse Authority money by check only;
(4) shall keep an account of the source of all receipts and the nature, purpose,
and authority of all disbursements;
(5) shall file the Authority's detailed financial statement with its secretary at
least once a year at times set by the Authority; and
(6) shall prepare and submit an annual report describing the Authority's
activities and providing an accurate statement of its financial condition to the City
of Monticello by no later than one month following the annual meeting of the
Authority.
Section 6. Assistant Treasurer. The assistant treasurer has the powers and duties of
the treasurer if the treasurer is absent or disabled.
Section 7. Public Money. Authority money is public money.
ARTICLE IV - EXECUTIVE DIRECTOR
The City Administrator shall be designated as Executive Director of the Authority.
Section t. Duties. The Executive Director shall have general supervision over the
administration of the Authority's business and affairs subject to the direction of the Authority.
The Executive Director in his or her own name and title shall keep the records of the Authority,
shall act as recorder of the meetings of the Authority and record all votes, and shall keep record
of the proceedings of the Authority in a journal of proceedings to be kept for such purpose, and
shall perform all duties incident to the office. The Executive Director shall, with the President,
sign all contracts, deeds, and other instruments executed by the Authority, and shall keep in sole
custody the seal of the Authority and shall have power to affix such seal to all contracts and
instruments authorized to be executed by the Authority.
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325599v5 MNI MN190 -130
Any person appointed to fill the office of Executive Director, or any vacancy herein, shall have
such terms as the Authority fixes, but no commissioner of the Authority shall be eligible to serve
as the Executive Director.
ARTICLE V - MEETINGS
Section 1. Regular Meetings. Regular meetings shall be held on the 2nd Wednesday
of each month.
Section 2. Annual Meeting. The annual meeting of the Authority shall be held in
conjunction with the regular February meeting at the regular meeting place of the Authority. The
August regular meeting shall include final fund balances reviewed at the Annual Meeting.
Section 3. Special Meetings. Special meetings of the Authority may be called by the
President, two members of the Authority, or the Executive Director for the purpose of transacting
any business designated in the call. All commissioners of the Authority shall be notified.
Section 4. Quorum. At any meeting of the Authority, the presence of four
commissioners shall constitute a quorum. If a quorum is not present at any meeting, those
present shall have power to adjourn the meeting from time to time without notice other than
announcement at such meeting until the requisite number of votes shall be present to constitute a
quorum. At any such adjourned meeting at which a quorum is present, any business may be
transacted which might have been transacted at the meeting as originally called. Any resolution,
election, or other formal action of the Authority shall be adopted upon the affirmative vote of a
majority of the Authority membership.
Section 5. Rules of Procedure. Unless otherwise specified in the Enabling
Resolution, the Ordinance, or in these bylaws, all meetings of the Authority shall be conducted in
accordance with Roberts' Rules of Order revised.
Section 6. Manner of Voting. The voting on all questions coming before the
Authority shall be voice unless the President calls for a roll call vote. The yeas and nays shall be
entered upon the minutes of such meetings.
ARTICLE VI - EMPLOYEES; SERVICES; SUPPLIES
Section 1. Employees. Subject to limits set by the appropriations or other funds
made available, the Authority may employ such staff, technicians, and experts as may be deemed
proper and may incur such other expenses as may be necessary and proper for the conduct of its
affairs.
Section 2. Contract for Services. The Authority may contract for services of
consultants, agents, public accountants, and other persons needed to perform its duties and
exercise its powers.
Section 3. Legal Services. The Authority may use the services of the city attorney or
325599v5 MN MN190 -130
hire a general counsel for its legal needs. The city attorney or general counsel, as determined by
the Authority, is its chief legal advisor.
Section 4. Supplies. The Authority may purchase the supplies and materials it needs
to carry out its function pursuant to Minnesota Statutes, Sections 469.090 to 469.1081.
Section 5. City Purchasing The Authority may use the facilities of its city's
purchasing department in connection with construction work and to purchase equipment,
supplies, or materials.
Section 6. City Facilities, Services. The City may furnish offices, structures and
space, and stenographic, clerical, engineering, or other assistance to the Authority.
Section 7. Delegation Power. The Authority may delegate to one or more of its
agents or employees powers or duties as it may deem proper.
ARTICLE VII - POWERS
Section 1. Functions, Powers, and Duties. Shall be in accordance with the
Enabling Resolution and Section 2 -3 -4 of the Ordinance.
Section 2. Limitations of Power. Shall be in accordance with the Enabling
Resolution and Section 2 -3 -5 of the Ordinance.
ARTICLE VIII - AMENDMENTS
Section 1. Amendment to Bylaws. The bylaws of the Authority shall be amended by
a majority vote of the Authority membership at a regular or special meeting. The amendments
must be in written form.
Section 2. Conflicts. In any instance where these bylaws are in conflict with the
Enabling Resolution or Ordinance, the Enabling Resolution and Ordinance shall control.
Section 3. Effective Date. These bylaws are effective upon their adoption by the
Authority.
Dated: April 10th, 2013.
(Seal)
Ll
325599v5 MNI MN190 -130
Signed:
President
five Director
CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2013-010
AMENDED AND RESTATED RESOLUTION ENABLING THE CREATION OF THE
CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
BE IT RESOLVED by the City Council of the City of Monticello, Minnesota ( "City ") as
follows:
Section 1. Background and Findings
1.01. The City is authorized by Minnesota Statutes, Sections 469.090 to 469.1081 (the
"EDA Act") to establish an economic development authority to coordinate and administer economic
development and redevelopment plans and programs for the City.
1.02. By Ordinance No. 172, approved April 10, 1989 and codified in the City Code as
Title II, Chapter 3 (the "Enabling Ordinance "), the City established the City of Monticello
Economic Development Authority ("EDA"), for the purpose of coordinating and administering
economic development activities in and for the City.
1.03. By resolutions approved on October 22, 2007 and January 14, 2008, the City
transferred to the EDA the control, authority and operation of all projects administered by the
Housing and Redevelopment Authority in and for the City of Monticello and adopted an Amended
and Restated Enabling Resolution (the "Enabling Resolution"), which superceded the Enabling
Ordinance in all respects.
1.04. The City Council further amended the Enabling Resolution after a duly noticed
public hearing on February 27, 2012.
1.05. The City Council has now determined to revise and clarify certain provisions of
the Enabling Resolution by the adoption of this resolution.
1.06. The City Council has, in accordance with Minnesota Statutes Section 469.093,
provided public notice and conducted a public hearing on the date hereof, at which all persons
wishing to be heard were given an opportunity to express their views, concerning the proposed
modifications to the Enabling Resolution.
1.07. This resolution constitutes an amendment and restatement of the Enabling
Resolution of February 27, 2012, and supercedes such Enabling Resolution in all respects.
Section 2. Enabling Authority.
2.01. The EDA was established pursuant to the EDA Act under the Enabling Ordinance as
adopted April 10, 1989 and codified as Title II, Chapter 3 of the City Code, as amended and restated
by this resolution.
2.02. The EDA shall be composed of 7 commissioners to be appointed by the Mayor and
confirmed by the City Council.
2.03. Two of the commissioners shall be members of the City Council. The terms of office
of the two members of the City Council shall coincide with their terms of office as members of the
City Council. The remaining five (5) commissioners shall be initially appointed for terms of one,
two, three, four, and five years respectively. Thereafter, all non - Council commissioners shall be
appointed for six -year terms.
2.04. A vacancy is created in the membership of the EDA when a City Council member of
the board of commissioners ends Council membership, when any commissioner ends EDA
membership prior to expiration of his or her term of office, on the day following the expiration of a
commissioner's term of office, or when a commissioner is removed by the City Council subject to
the terms of Section 2.07 hereof . A vacancy for this or any other reason must be filled for a new
term or the balance of the unexpired term, as applicable, in the manner in which the original
appointment was made.
2.05. All of the commissioners who are not members of the City Council must be either
residents of the City, business - owners in the City, or property- owners in the City.
2.O6. All commissioners shall serve at the pleasure of the City Council, subject to the
terms of Section 2.07 hereof. Vacancies shall be filled by appointment by the Mayor with the
confirmation of the City Council.
2.07. A commissioner may be removed by the City Council for inefficiency, neglect of
duty, or misconduct in office. A commissioner shall be removed only after a hearing. A copy of the
charges must be given to the commissioner at least 10 days before the hearing. The commissioner
must be given an opportunity to be heard in person or by the counsel at the hearing. When written
charges have been submitted against the commissioner, the City Council may temporarily suspend
the commissioner. If the City Council finds that those charges have not been substantiated, the
commissioner shall be immediately reinstated. If a commissioner is removed, a record of the
proceedings together with the charges and findings shall be filed in the office of the City
Administrator.
2.08. The City Council shall make available to the FDA such appropriations as it deems
fit for salaries, fees, and expenses necessary in the conduct of its work. The EDA shall have
authority to expend all budgeted sums so appropriated and recommend the expenditures of other
sums made available for its use from grants, gifts, and other sources for the purposes and activities
authorized by this resolution.
Section 3. Officers and Meetings.
3.01. The EDA shall elect a president, vice president, treasurer, assistant treasurer, and
secretary annually. A commissioner must not serve as president and vice president at the same
time. The other offices may be held by the same commissioner. The other offices of the secretary
and assistant treasurer need not be held by a commissioner.
3.02. The EDA shall adopt rules and procedures not inconsistent with the provisions of
this Enabling Resolution or as provided in Minnesota Statutes, Section 469.096, and as may be
necessary for the proper execution and conduct of its business. The EDA shall adopt bylaws and
rules to govern its procedures and for the transaction of its business and shall keep a record of
attendance at its meetings and/or resolutions, transactions, findings, and determinations showing the
vote of each commissioner on each question requiring a vote, or if absent or abstaining from voting,
indicating such fact. The records of the EDA shall be a public record, except for those items
classified by law as nonpublic data.
3.03. The EDA shall meet at least quarterly. Special meetings may be called by the
president as needed.
3.04. All administrative procedures, including contract for services, purchases of
supplies, and financial transactions and duties shall be outlined in the bylaws of the EDA.
Section 4. Staff.
4.01. The City Administrator, or any other person designated in writing by the City
Administrator and approved by a majority of the EDA commissioners, shall be designated as
Executive Director of the EDA.
4.02. Subject to limits set by the appropriations or other funds made available, the EDA
may employ such staff, technicians, and experts as may be deemed proper, and may incur such
other expenses as may be necessary and proper for the conduct of its affairs.
Section 5. Functions, Powers, and Duties.
5.01. Except as specifically limited by the provisions of Section 6 of this Enabling
Resolution, the EDA shall have the authority granted it pursuant to the EDA Act.
5.02. The EDA shall manage the Greater Monticello Enterprise Fund (the "Fund ") the
purpose of which is to encourage economic development by making loans to private businesses.
The EDA shall make loans to eligible businesses, and such loan(s) shall serve a public purpose
as defined in the Greater Monticello Enterprise Fund Guidelines (Fund Guidelines). The Fund
Guidelines are hereby adopted by reference and included in the bylaws of the EDA. No changes
to the fund Guidelines shall be made without approval of the City Council,
5.03. The EDA may be a limited partner in a partnership whose purpose is consistent
with the EDA's purpose.
5.04. The EDA may issue general obligation bonds and revenue bonds when authorized
by the City Council and pledge as security for the bonds the full faith, credit, and resources of the
City or such revenues as may be generated by projects undertaken by the EDA.
5.05. The EDA may cooperate with or act as agent for the federal or state government
or a state public body, or an agency or instrumentality of a government or other public body to
carry out the powers granted it by the EDA Act or any other related federal, state, or local law in
the area of economic development district improvement.
5.06. The EDA may annually develop and present an economic development strategy
and present it to the City Council for consideration and approval.
5.07. The EDA may join an official, industrial, commercial, or trade association or
other organization concerned with such purposes, hold reception of officials who may contribute
to advancing the City and its economic development, and carry out other appropriate public
relations activities to promote the city and its economic development.
5.08. The EDA may perform such other duties which may be lawfully assigned to it by
the City.
All city employees shall, upon request and within a reasonable time, furnish the EDA or its
employees or agents such available records or information as may be required in its work. The EDA
or its employees or agents may, in the performance of official duties, enter upon lands and make
examinations or surveys in the same manner as other authorized City agents or employees and shall
have such other powers as are required for the performance of official functions in carrying out the
purposes of this resolution.
Section 6. Limitations of Power.
6.01. The following limits apply to the FDA and its operation:
(a) The sale of bonds or other obligations of the EDA must be approved by the
City Council.
(b) The EDA must follow the budget process for City departments in accordance
with City policies, ordinances, and resolutions and the City charter.
(c) Development and redevelopment actions of the EDA must be in conformity
to the City comprehensive plan and official controls implementing the comprehensive plan.
(d) The FDA must submit its plans for development and redevelopment to the
City Council for approval in accordance with City planning procedures and laws.
(e) Except when previously pledged by the EDA, the City Council may, by
resolution, require the EDA to transfer any portion of the reserves generated by activities of
the EDA that the City Council determines are not necessary for the successful operation of
the EDA to the debt service funds of the city to be used solely to reduce tax levies for
bonded indebtedness of the City.
(f) The administrative structure and management practices and policies of the
EDA must be approved by the City Council.
(g) The EDA shall submit all planned activities for influencing the action of any
other governmental agency, subdivision, or body to the City Council for approval.
6.02. The EDA may exercise all the powers under the EDA Act, including, but not
limited to, the following:
(a) all powers under the HRA Act.
(b) all powers of a city under Minnesota Statutes, Section 469.124 to 469.134.
(c) all powers and duties of a redevelopment agency under Minnesota Statutes,
Sections 469.152 to 469,165 for a purpose in the HRA Act or the EDA Act, and all powers
and duties in the HRA Act and the EDA Act for a purpose in Minnesota Statutes, Sections
469.152 to 469.165.
(d) the authority to acquire property, exercise the right of eminent domain; make
contracts for the purpose of redevelopment and economic development; serve as a limited
partner in a partnership whose purpose is consistent with the EDA's purpose; buy supplies
and materials needed to carry out development within the EDA Act; and operate and
maintain public parking facilities.
(e) the authority to issue bonds in accordance with the EDA Act and the HRA
Act.
(f) the authority to levy special benefit taxes in accordance with Section
469.033, subdivision 6 of the HRA Act in order to pay or finance public redevelopment
costs (as defined in the HRA Act), subject to approval by the City Council in accordance
with Section 469.033, subdivision 6.
(g) all powers under Minnesota Statutes, Sections 469.474 to 469.179.
6.03. As provided in the EDA Act, it is the intention of the City Council that nothing in this
resolution nor any activities of the EDA are to be construed to impair the obligations of the City or
HRA under any of their contracts or to affect in any detrimental manner the rights and privileges of
a holder of a bond or other obligation heretofore issued by the City, the EDA or the HRA.
Section 7. Implementation.
7.01. The City Council will from time to time and at the appropriate time adopt such
ordinances and resolutions as are required and permitted by the EDA Act to give full effect to this
resolution.
7.02. The Mayor, the City Administrator, and other appropriate City officials are
authorized and directed to take the actions and execute and deliver the documents necessary to give
full effect to this resolution.
7.03. Nothing in this resolution is intended to prevent the City from modifying this
Enabling Resolution to impose new or different limitations on the EDA as authorized by the EDA
Act.
ADOPTED BY the City Council of the City of Monticello on this 25th day of March, 2013.
CITY OF MONTICELLO
Clint Herbst, Mayor
ATTEST:
Jeft,OXVII, City Administrator
EDA Agenda - 02/12/14
5d. Consideration to review Business Subsidy policies including: Business Subsidy
Criteria, Tax Increment Financing, Greater Monticello Enterprise Fund, and
Monticello Small Cities Economic Development Set -aside Revolving Loan Fund.
A. REFERENCE AND BACKGROUND
In 2009, the EDA and City Council held a workshop with EDA attorney Kennedy and
Graven for the purpose of reviewing the EDA's business subsidy policies, which include
the EDA' primary statement of Business Subsidy Criteria, as well as individual criteria
and /or guidelines for Tax Increment Financing (TIF), Greater Monticello Enterprise Fund
(GMEF), and Small Cities Economic Development Set -aside Revolving Loan Fund.
In 2013, the EDA adopted a minor modification to its GMEF Guidelines. Other than that
modification, the EDA has not reviewed or recommended amendments or modifications
to these documents since 2009.
As part of its 2014 Annual Meeting, the EDA is asked to review each of the four
documents for potential amendments, questions or needed clarifications. Staff will
record each of the EDA's comments or questions and consult with the EDA's attorney for
response and required follow -up action.
B. ALTERNATIVE ACTIONS
1. Motion to direct staff to research and prepare follow -up action as required by EDA
review of Business Subsidy Criteria and associated policies and guidelines.
C. STAFF RECOMMENDATION
None.
D. SUPPORTING DATA
A. Overall Business Subsidy Criteria
B. GMEF Guidelines
C. TIF Criteria
D. Small Cities Economic Development Set -Aside Fund
1
CITY OF MONTICELLO
CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
BUSINESS SUBSIDY CRITERIA
I. Purpose
This document includes the criteria to be considered by the City of Monticello ( "City ")
and the City of Monticello Economic Development Authority ( "EDA ") to evaluate the
granting of business subsidies. The intent of the City and EDA in adopting these criteria
is to comply with Minnesota Statutes, Sec. 116J.993- 116J.994 (the "Act "). The City and
EDA hereby adopt the definitions contained in the Act for application in the criteria.
II. Types of Business Subsidies
The EDA shall have the authority to administer the following programs for the granting
of business subsidies:
1. Tax Increment Financing (TIF)
2. Greater Monticello Enterprise Fund (GMEF)
3. Small Cities Economic Development Set Aside Fund (ED)
The EDA has separately developed guidelines for each of these types of subsidies (the
"Guidelines "). To the extent that the Guidelines contain more specific policies for each
type of subsidy, those Guidelines control. Notwithstanding anything to the contrary
herein, the City (and EDA, subject to City approval) reserve the right to grant any type of
business subsidy authorized by law, without limitation.
III. Goals and Obiectives /Public Purpose
It is the City's and EDA's intent to support and comply with the goals and objectives
stated in the City of Monticello's Comprehensive Plan in granting business subsidies, and
with the public purpose requirements of the Act. The following goals and objectives are
general guidelines to assist in determining the granting of a Business Subsidy. The City
and EDA recognize that every proposal is unique and nothing in these criteria or in the
Business Subsidy policy shall be deemed to be an entitlement.
a. Attracting New Businesses & Expanding Tax Base
1. Increase in tax base. (Cannot be the only criteria.)
2. Promote and enhance industrial and commercial diversity
b. Attracting New Jobs & Job Retention
1. Jobs and Wages. It is the City's and EDA's goal that the subsidy recipient will
create the maximum number of livable wage jobs possible. (The business
subsidy agreement must include numbers and wages to be achieved within two
years of the benefit date.)
2. Jobs and wages in this context may include jobs to be retained but only if job
loss is "imminent and demonstrable ".
C. Business Retention: Promote and maintain industrial and commercial
diversity.
d. Enhancing Downtown: Promote revitalization and redevelopment
e. Facilitating Redevelopment: Promote redevelopment objectives and removal
of blight, including pollution cleanup.
f. Housing: Diversify the housing stock available within the community.
2
IV. Subsidy Agreement.
In the implementation of any subsidy granted by City or EDA, the parties will be required
to enter into a formal agreement which identifies the amount and nature of the subsidy
and articulates the goals and objectives which are intended to be implemented. In
addition, the agreement must establish the number of full -time or part-time jobs and the
wages for those jobs which are to be established (or retained) within two years of the
benefit date. The agreement must also contain a penalty for failure to meet those goals.
Finally, the agreement will require that the recipient continue operations at the site for at
least five years.
V. Compliance and Reporting Requirements.
It will be necessary for both the recipient and the City or EDA to comply with the
reporting and monitoring requirements of the statute.
VI. History.
Public Hearing held by the EDA on March 11, 2009 approved on March 11, 2009.
Public Hearing held by the City Council on March 23, 2009, approved on March 23,
2009.
3
-IN Monticello
1. PURPOSE
GREATER MONTICELLO ENTERPRISE FUND
GUIDELINES
The purpose of the Greater Monticello Enterprise Fund (GMEF) is to encourage economic development
by supplementing conventional financing sources available to existing and new businesses. This
program is administered by the City of Monticello Economic Development Authority (EDA) and
participating lending institution(s). GMEF Loans are made to businesses to help them meet a portion of
their financing needs. The loans are meant to be a secondary source of financing, provide gaps in private
financing, and assist in securing other grants. All loans must meet four or more of the criteria
established in the Definition of Public Purpose section.
2. ORGANIZATION
The Greater Monticello Enterprise Fund is administered by the EDA. It is the responsibility of the EDA
to assure that loans meet the public purpose standard and comply with all other GMEF policies as
defined in this document.
3. GMEF GUIDELINE MODIFICATION
At a minimum, the EDA shall review the guidelines on an annual basis. Changes to the GMEF
guidelines require approval by the City Council.
4. DEFINITION OF PUBLIC PURPOSE
GMEF Loans must meet at least one (1) of the following public purposes (if the EDA finds that the
public purpose described in b. is met, the EDA must find that the GMEF Loan meets at least one additional
public purpose):
a. To provide loans for credit - worthy businesses which create new jobs.
1. One job is equivalent to a total of 37.5 hours per week.
2. At least 90% of the jobs created must pay at least 160% of the federal minimum wage,
exclusive of benefits, for individuals over the age of 20 during the term of assistance. Annual
written reports are required until repayment of the assistance. Failure to meet the job and
wage level goals requires partial or full repayment of the assistance with interest.
b. To provide loans for credit - worthy businesses that would increase the community tax base.
c. To provide loans to credit - worthy industrial or commercial businesses (new or existing) that would
allow the ability to improve or expand their operation. Factors including but not limited to the
following will be taken into account:
1. Type and size of the business
2. Product or service involved
3. Present availability of the product or service within the City of Monticello
4. Compatibility of the proposed business as it relates to the comprehensive plan and existing
zoning policies,
5. Potential for adverse environmental effects of the business, if any.
d. In the event job creation is not a viable option, credit - worthy businesses have the ability to demonstrate
public purpose by means of job retention.
5. GREATER MONTICELLO ENTERPRISE FUND POLICIES
a. Business Eli ig bilit .
1. Industrial and commercial businesses.
2. Businesses currently located or to be located within the City of Monticello.
3. Credit - worthy existing businesses.
4. Start -up businesses with worthy business plan and /or pro forma in a form acceptable to the
EDA (historically non credit - worthy businesses will be denied).
b. Acceptable Private Financing Methods:
1. Companion Direct Loan: The GMEF is subordinate to the primary lender.
2. Participation Loan: The GMEF participates in a portion of the loan.
3. Guarantee Loans: The GMEF guarantees a portion of the bank loan.
a. Interest rate cap is subject to EDA approval
c. Use of Proceeds:
1. Real property acquisition, development, & rehabilitation improvement costs including but
not limited to the following:
a. Land Acquisition
b. Engineer /Design Inspection Fees
c. Building Permit Fees
d. Architect Fees
e. Building Materials
f. Soil Borings
g. Construction Labor
h. Appraisal Fees
i. Landscaping
j. Legal Fees
k. Grading
1. Environmental Study
m. Curbing/Parking Lot
2
n. Recording Fees
o. Title Insurance
2. Machinery and equipment:
a. Personal property used as an integral part of the manufacturing or commercial
business, with a useful life of at least three years. Acquisition costs would include freight
and sales taxes paid. As a general rule, office equipment would not qualify.
d. Terms and conditions:
1. Loan Size: Minimum of $25,000 and maximum not to exceed 50% of the remaining GMEF
balance
2. Leveraging: Minimum 60% private /public Non -GMEF, Maximum 30% GMEF, Minimum
10% equity.
3. Loan Term: Personal property term not to exceed life of equipment (generally 5 -7 years).
Real estate property maximum of 5 -year maturity amortized up to 30 years. Balloon payment
at 5 years.
4. Interest Rate: Fixed rate not less than 2% below prime rate as published in the Wall Street
Journal on date of EDA loan approval, with a minimum interest rate of 1.0 %.
5. Loan Fee: Minimum of $500 but not to exceed 1.5% of the total loan. Fees are to be
documented and no duplication of fees between the lending institution and the GMEF. Loan
fee may be incorporated into project cost. EDA retains the right to reduce or waive loan fee
or portion of loan fee. Fee to be paid by applicant to the EDA within 5 working days after
City Council approval of GMEF loan. The fee is non - refundable.
e. Pre - payment Polices
No penalty for pre - payment
f. Deferral of Payments:
1. Extending a balloon payment will require a verification letter from two lending institutions
stating the inability to refinance and is subject to approval by the EDA.
2. Monthly payments may be deferred for a determined period of time upon approval by the
EDA.
g. Late Payment Polices
1. Failure to pay principal or interest when due may result in the loan being immediately called.
In addition to any other amounts due on any loan, and without waiving any right of the
Economic Development Authority under any applicable documents, a late fee of $250 will be
imposed on any borrower for any payment not received in full by the Authority within 30
calendar days of the date on which it is due. Furthermore, interest will continue to accrue on
3
any amount due until the date on which it is paid to the Authority, and all such interest will
be due and payable at the same time as the amount on which it has accrued.
h. Assumabilitv of Loan:
None
i. Business Equity Requirements:
Subject to type of loan. The EDA will determine appropriate and applicable business equity
requirements on a case by case analysis, utilizing normal lending guidelines.
j. Collateral:
1. Liens on real property in project (mortgage deed).
2. Liens on real property in business (mortgage deed).
3. Liens on real property held personally (subject to EDA approval, homestead exempt).
4. Machinery and equipment liens (except equipment exempt from bankruptcy).
5. Personal and /or corporate guarantees (requires unlimited personal guarantees).
k. Non - Performance:
An approved GMEF loan shall be null and void if funds are not drawn upon or disbursed within 180
days from date of City Council approval.
1. Non - Performance Extension:
1. The 180 -day non - performance date can be extended up to an additional 120 days, upon approval
by the EDA.
2. A written request must be received 30 days prior to expiration of the 180 -day non - performance
date.
m. Out of Pocket Fees:
Responsibility of the GMEF applicant.
n. Equal Opportunity:
The Greater Monticello Enterprise Fund is operated as an equal opportunity program. All applicants
shall have equal access to GMEF funds regardless of race, sex, age, marital status, or other personal
characteristics
o. Participating Lending Institution(s):
1. Participating lending institution(s) shall be determined by the GMEF applicant.
2. Participating lending institution(s) shall cooperate with the EDA and assist in carrying out the
policies of the GMEF as approved by the City Council.
fl
3. Participating lending institution(s) shall analyze the formal application and indicate to the EDA
the level at which the lending institution will participate in the finance package.
p. Loan Administration:
1. City Staff shall collect applicable GMEF payments.
2. City Staff shall assure City compliance with all applicable terms and conditions of the approved
loan.
3. All loan documents shall include the following:
a. Definition of loan default, agreements regarding notification of default
b. Copy of primary lenders documents
C. Provisions allowing the City to inquire on the status of the primary loan
6. LOAN APPLICATION PROCEDURES
The EDA desires to make the GMEF loan application process as simple as possible. However,
certain procedures must be followed prior to EDA consideration of a loan request. Information
regarding the program and procedures for obtaining a loan are as follows:
a. Cit,. Staff. City Staff shall carry out GMEF operating procedures as approved by the EDA
and City Council. Staff is responsible for assisting businesses in the loan application process
and will work closely with applicants in developing the necessary information.
b. Application Process:
1. Applicant shall complete a preliminary loan application. Staff will review application
for consistency with the policies set forth in the Greater Monticello Fund Guidelines.
2. If applicant gains initial support from lending institution and if the preliminary loan
application is approved, applicant is then asked to complete a formal application.
Formal application shall include a business plan which will include its management
structure, market analysis, and financial statement. Like documentation necessary for
obtaining the bank loan associated with the proposal is acceptable. Attached with
each formal application is a written release of information executed by the loan
applicant
3. If the preliminary loan application is not approved by staff, the applicant may request
that the EDA consider approval of the preliminary application at the next regularly
scheduled meeting of the EDA.
4. City staff shall analyze the formal application and financial statements contained
therein to determine if the proposed business and finance plan is viable. City staff
shall submit a written recommendation to the EDA. A decision regarding the
application shall be made by the EDA within 60 days of the submittal of a completed
formal application.
5
5. The EDA shall have authority to approve or deny loans; however, within 21 days of
EDA action, the City Council may reverse a decision by the EDA, if it is determined
by the City Council that such loan was denied /approved in violation of GMEF
guidelines.
6. Prior to issuance of an approved loan, the EDA Attorney shall review and /or prepare
all contracts, legal documents, and inter - creditor agreements. After such review is
complete, the City shall issue said loan.
7. REPORTING
City Staff shall submit to the EDA and City Council a semiannual report detailing the balance of the
Greater Monticello Enterprise Fund.
8. HISTORY
Public Hearing and Adoption the 31St day of August, 1999
Public Hearing and Adoption of Amendments the 8th day of November 2000
Public Hearing and Adoption of Amendments the 24th day of April 2001
Public Hearing and Adoption of Amendments the 13th day of December 2005
Public Hearing and Adoption the 23rd day of March, 2009
Adoption the 22nd day of April, 2013
D
EDA - TIF Criteria
k VA
�1 ON fICELLO
CITY OF MONTICELLO
ECONOMIC DEVELOPMENT AUTHORITY
TAX INCREMENT FINANCING
1. PROJECT EVALUATION CRITERIA
1:01 Tax increment financing proposals must meet a public purpose in addition to increasing tax
base; which can include but are not limited to, the creation of livable wage jobs, removal of
blight, and environmental clean up.
1:02 The EDA will utilize Tax Increment financing (TIF) to support the community's long -term
economic, redevelopment, and housing goals stipulated in the Comprehensive Plan and
Zoning Ordinance. TIF proposals will be considered under the Comprehensive Plan and City
Code in effect at the time the TIF proposal is received.
1:03 The EDA shall use the following guidelines when evaluating a TIF request.
A. All TIF requests shall meet the "but for" test. The "but for" test means that the project
would not develop solely on private investment in the reasonable future. The
developer shall provide findings for the "but for" test.
B. TIF will not be provided to projects that have the financial feasibility to proceed
without the benefit of the subsidy. In effect, TIF will not be provided solely to
broaden a developer's profit margins on a project.
C. TIF requests should create the highest feasible number of jobs on site from date of
occupancy where deemed appropriate.
D. For manufacturing and warehousing TIF requests, at least 90% of the jobs created
must pay at least 160% of the federal minimum wage requirements for individuals
over the age of 20 during the term of the assistance. In the case of a recipient with
existing jobs, the EDA may determine that the wage goal is satisfied if wages are
increased to at least the minimum specified in this paragraph. Annual written reports
are required until termination date. Failure to meet the job and wage level goals
require partial or full repayment of the assistance with interest.
E. In the case of a recipient with existing jobs, the EDA may determine that the wage
goal is satisfied if wages are increased by a specified amount over the federal
minimum wage. Annual written reports are required until termination date. Failure to
meet the job and wage level goals require partial or full repayment of the assistance
with interest.
EDA - TIF Criteria
F. TIF requests should result in a substantial increase in property value and /or property
taxes.
F. TIF requests should facilitate redevelopment or elimination of "substandard" or
"blighted" areas where deemed appropriate.
G. TIF requests should facilitate the "clean -up" of environmentally unsound property
where deemed appropriate.
H. TIF requests should increase housing options for area residents where deemed
appropriate.
2. TIF APPROVAL CRITERIA
2:01 All new projects considered by the EDA should meet the following minimum approval
criteria. However, it should not be presumed that a project meeting these criteria will
automatically be approved. Meeting these criteria creates no contractual right on the part of
any potential developer or the EDA.
2:02 Prior to approval by the EDA, the developer shall provide any and all applicable and required
market and financial documentation, appraisals, soil boring, information provided to private
lenders for the project, and other information or data as requested.
2:03 A recipient of TIF must make a commitment to continue operations at the site where the
subsidy is used for at least five years after the benefit date.
2:04 The EDA may determine job creation or retention is not a goal of the subsidy. In those cases,
the recipient must instead meet at least one of the following minimum requirements (in
addition to all other criteria in this document other than those relating to jobs and minimum
wages):
A. To remove blight and encourage redevelopment in the commercial and industrial areas
of the City in order to encourage high levels of property maintenance and private
reinvestment in those areas; or
B. The proposed subsidy must result in improvements to public infrastructure or public
facilities, including without limitations, sewers, storm sewers, streets, parks,
recreational facilities, and other City facilities; or
C. The proposed subsidy must remove physical impediments to development of land,
including without limitations poor soils, bedrock conditions, steep slopes, or similar
geotechnical problems.
3. PROCEDURES
3:01 Meet with appropriate Staff to discuss the scope of the project, define public assistance
requested, identify public participation eligibility, and other information as may be necessary.
2
EDA - TIF Criteria
3:02 The request shall be reviewed by Staff on a preliminary basis as to the feasibility of the
project.
3:03 The project concept shall be placed on the EDA agenda for concept review. The applicant
will make a presentation of the project. Staff will present its findings.
3:04 If EDA concept review is positive, Staff will provide the City Council with an informational
concept review.
3:05 The City will hold all required public hearings.
3:06 The applicant will execute and submit the Preliminary Development Agreement accompanied
by a deposit per approved fee schedule.
3:07 Building and site plans will be required to be submitted to the Community Development
Department.
3:08 If Planning and Zoning Commission action is required, it will be necessary for the applicant,
at this time, to make application to the Commission.
3:09 Staff will authorize the following steps:
A. Preparation for establishment of the Tax Increment Finance District and the Tax
Increment Financing Plan if required.
B. Preparation of the Purchase and Development Contract or Private Redevelopment
Contract (Subsidy Agreement) based upon agreed terms.
3:10 When action is required for the Tax Increment Finance District and Plan, Purchase and
Development Contract or Private Redevelopment Contract, or Zoning /Ordinance; the EDA,
Planning Commission and City Council shall take appropriate action such as public hearings
and consideration of approvals.
3:11 Building permit will be issued after the Tax Increment Finance District and Plan is approved
by the City Council, the Purchase and Development Contract or Private Redevelopment
Contract is executed by the developer and EDA, and the Building Permit Fees are paid.
3:12 Generally Tax Increment Financing projects take between six to eight weeks from time of
authorization to begin drafting plan and contract.
History
Public Hearing and Adoption the 8' of September 1999
Public Haring and Adoption of Amendments the 4' day of October 2000
Public Hearing and Adoption of Amendments the 5' of May 2004
Public Hearing and Adoption of Amendments the 3' day of May 2006
Public Hearing and Adoption the 12' day of November 2008
Public Hearing and Adoption the 23' day of March 2009.
3
MONTICELLO
MONTICELLO SMALL CITIES ECONOMIC DEVELOPMENT SET -
ASIDE REVOLVING LOAN FUND GUIDELINES
L PURPOSE:
The City of Monticello ( "City ") has received a grant through the Community Development Block
Grant Economic Development Set Aside program (the "Program ") administered through the
Department of Employment and Economic Development ( "DEED "). The grant may be used to make
loans to local businesses as described below.
As the recipient of a grant through the Program, the City is authorized to keep all of the principal
repayments and interest on the loans it makes. The City is required to use these funds to create a
revolving loan fund ( "RLF ") and to establish policies and procedures for the RLF. The City Council
administers the RLF. Once the RLF funds have been re- issued as new loans, RLF loan repayments
may be redirected to the Greater Monticello Enterprise Fund ( "GMEF ") administered by the City of
Monticello Economic Development Authority ( "EDA ").
IL PURPOSE OF THE REVOLVING LOAN FUND
Revolving loan funds are to be used for business start ups, expansions, and retention
where jobs are created or retained. This may be accomplished by the following means:
1.) Creation or retention of permanent private- sector jobs in order to create above average
economic growth;
2.) Stimulation or leverage of private investment to ensure economic renewal and
competitiveness;
3.) Increase to the local tax base;
4.) Improvement of employment and economic opportunity for citizens in the region to
create a reasonable standard of living; and
5.) Stimulation of productivity growth through improved manufacturing or new
technologies.
III. ELIGIBLE EXPENDITURES
RLF's may be used to provide assistance for infrastructure, loans, loan guarantees, interest
buy- downs, and other forms of participation with private sources of financing. The RLF
assistance can be for no more than one -half of the cost of the project. The RLF is subject to
all of the state and federal CDBG requirements, as described in Exhibits A and B attached.
However, once the loan funds have cycled through the RLF and are redirected to the GMEF,
the funds will no longer be subject to federal CDBG requirements.
IV. ELIGIBLE PROJECTS
The grant or loan must be based on one or more of the following criteria:
1.) Creation of new jobs or retention of existing jobs;
2.) Increase in the tax base;
3.) Investment of public dollars inducing private investment;
4.) Excessive public infrastructure or improvement cost beyond the means of the affected
community and private participants in the project;
5.) Higher wage levels to the community or added value to current workforce skills;
6.) Necessity of assistance to retain existing business; and
7.) Necessity of assistance to attract out -of -state business.
The grant or loan cannot be made based solely on a finding that the conditions in clause
2.), 6.) or 7.) exist. A finding must be made that a condition in clause 1.), 3.), 4.), or 5.)
also exists.
V. ELIGIBLE ACTIVITIES
RLF's may be used for the following activities:
1.) Purchase of land
2.) Construction of a building or other improvements
3.) Renovation of an existing building to accommodate the business
4.) Construction of tenant improvements
5) Purchase of Capital Equipment
6.) Lease or purchase of an existing building
7.) Site improvements
8.) Public improvements and privately owned utilities
9.) Workforce Development including job training and placement:
a.) Training low skilled, low- income persons for specific jobs for which they
have been hired and which require skill levels beyond what they now have;
b.) Training a pool of low- income prospective employees for specific jobs being
created as a result of a CDBG- funded industrial expansion, where the
employer agrees to give first consideration to filling the new positions with
people from this pool;
c.) Re- training existing employees of a business as part of a project which
qualifies as retaining jobs.
10.) Microenterprise Assistance: RLF assistance can be provided to persons owning or
developing a microenterprise, which is defined as a commercial enterprise that has 5
or fewer employees, one or more of whom owns the enterprise.
VI. INELIGIBLE ACTIVITIES
RLF assistance may not be used for the following:
1.) Operation or expansion of a casino.
2.) For a project related to a sports facility. "Sports facility" means a building that has
a professional sports team as a principal tenant.
3.) General promotion of the community.
4.) Professional sports teams.
5.) Privately owned recreational facilities that serve a predominantly higher income
clientele where the benefit to users clearly outweighs the benefit of jobs created or
retained.
6.) Acquisition of land for which a specific use has not been identified (i.e. land
banking)
7.) Assistance to a for - profit business that is, or its owner is, the subject of unresolved
findings of noncompliance related to previous CDBG assistance.
8.) For relocation of an out of state business.
9.) New housing construction.
10.) Planning for economic development projects.
11.) Job training that is not part of a CDBG eligible economic development activity to
create or retain permanent jobs.
12.) Working capital.
VII. PUBLIC BENEFIT
A project using RLF funds must show a minimum level of public benefit. The amount of
the assistance must not exceed $50,000 per full -time equivalent, permanent job (created
or retained). If the City finds, after a public hearing, that the primary purpose of the
project is not job creation, this provision is not applicable.
VIII. PROJECT COSTS AND FINANCIAL REQUIREMENTS
A. Acceptable Private Financing Methods:
1. Companion Direct Loan: The RLF is subordinate to the primary lender.
2. Participation Loan: The RLF participates in a portion of the loan.
3. Guarantee Loans: The RLF guarantees a portion of the bank loan.
a. Interest rate cap is subject to City approval
B. Terms and Conditions:
1. Leveraging: Minimum 60% private /public Non -RLF, Maximum 30% RLF,
Minimum 10% equity.
2. Loan Term: Personal property term not to exceed life of equipment (generally
5 -7 years). Real estate property maximum of 5 -year maturity amortized up to
30 years. Balloon payment at 5 years.
3. Interest Rate: Fixed rate not less than 2% below prime rate as published in the
Wall Street Journal on date of RLF loan approval, with a minimum interest
rate of 3.0 %.
4. Loan Fee: Minimum of $500 but not to exceed 1.5% of the total loan. Fees
C. Other:
are to be documented and no duplication of fees between the lending
institution and the RLF. Loan fee may be incorporated into project cost. City
retains the right to reduce or waive loan fee or portion of loan fee. Fee to be
paid by applicant to the City within 5 working days after City Council
approval of RLF loan. The fee is non - refundable.
No penalty for prepayment of loan in whole or in part.
2. Extending a balloon payment will require a verification letter from two
lending institutions stating the inability to refinance and is subject to approval
by the City.
3. Monthly payments may be deferred for a determined period of time upon
approval by the City Council.
4. Failure to pay principal or interest when due may result in the loan being
immediately called. In addition to any other amounts due on any loan, and
without waiving any right of the City under any applicable documents, a late
fee of $250 will be imposed on any borrower for any payment not received in
full by the City within 30 calendar days of the date on which it is due.
Furthermore, interest will continue to accrue on any amount due until the date
on which it is paid to the City, and all such interest will be due and payable at
the same time as the amount on which it has accrued.
5. RLF Loans are not assumable.
6. The City will determine appropriate and applicable business equity
requirements on a case by case analysis, utilizing normal lending guidelines,
subject to the type of assistance.
7. Collateral may include:
i. Liens on real property in project (mortgage deed).
ii. Liens on real property in business (mortgage deed).
iii. Liens on real property held personally (subject to City approval, homestead
exempt).
iv. Machinery and equipment liens (except equipment exempt from bankruptcy).
v. Personal and /or corporate guarantees (requires unlimited personal
guarantees).
8. An approved RLF loan shall be null and void if funds are not drawn upon or
disbursed within 180 days from date of City Council approval.
i. The 180 -day non - performance date can be extended up to an additional 120
days, upon approval by the City.
ii. A written request must be received 30 days prior to expiration of the 180 -day
non - performance date.
9. Legal fees are the responsibility of the RLF applicant.
10. Participating Lending Institutions:
i. shall be determined by the RLF applicant
ii. shall cooperate with the City and assist in carrying out the policies of the RLF
as approved by the City Council.
iii. Shall analyze the formal application and indicate to the City the level at
which the lending institution will participate in the finance package.
11. Loan Administration:
i. City Staff shall collect applicable RLF payments
ii. City Staff shall assure City compliance with all applicable terms and
conditions of the approved loan.
iii. All loan documents shall include the following:
a) Definition of loan default, agreements regarding notification of
default
b) Copy of primary lenders documents
c) Provisions allowing the City to inquire on the status of the primary
loan
IV. LOAN APPLICATION PROCEDURES
The City desires to make the RLF loan application process as simple as possible.
However, certain procedures must be followed prior to City consideration of a loan
request. Information regarding the program and procedures for obtaining a loan are as
follows:
a. Cit y Staff. City Staff shall carry out RLF operating procedures as approved
by the EDA and City Council. Staff is responsible for assisting businesses in
the loan application process and will work closely with applicants in
developing the necessary information.
b. Application Process:
1. Applicant shall complete a preliminary loan application. Staff will
review application for consistency with the policies set forth in the
Guidelines.
2. If applicant gains initial support from lending institution and if the
preliminary loan application is approved, applicant is then asked to
complete a formal application. Formal application shall include a
business plan which will include its management structure, market
analysis, and financial statement. Like documentation necessary for
obtaining the bank loan associated with the proposal is acceptable.
Attached with each formal application is a written release of
information executed by the loan applicant
3. If the preliminary loan application is not approved by staff, the
applicant may request that the City consider approval of the
preliminary application at the next regularly scheduled meeting of the
City Council.
4. City staff shall analyze the formal application and financial
statements contained therein to determine if the proposed business
and finance plan is viable. City staff shall submit a written
recommendation to the City Council. A decision regarding the
application shall be made by the City Council within 60 days of the
submittal of a completed formal application.
5. Prior to issuance of an approved loan, the City Attorney shall review
and /or prepare all contracts, legal documents, and inter - creditor
agreements. After such review is complete, the City shall issue said
loan.
History:
Public Hearing and Adoption on March 23, 2009
Exhibit A
STATE REQUIREMENTS
1. MINNESOTA INVESTMENT FUND (MS.I 16J.8731)
Wage Goals: Businesses receiving RLF assistance must pay each employee total
compensation, including benefits not mandated by law, that on an annualized basis is equal
to at least 110% of the federal poverty level for a family of four.
Retail Businesses: are not prohibited from receiving federal ED assistance.
2. MUNICIPAL RIGHTS, POWERS, DUTIES (MS 471.87 - 471.88)
An officer of the city may not have a personal financial interest or personally benefit
financially from the business to be assisted.
3. BUSINESS SUBSIDY LAW (MS 116J.993- 116J.995).
Any state or local government agency or public entity that provides financial assistance to a
business must comply with this statute.
4. FIRST SOURCE AGREEMENT (MS 116L.66)
A business that receives grants or loans in an amount greater than $200,000 must list any
vacant or new positions with the Department of Employment and Economic Development.
5. SURETY DEPOSITS REQUIRED FOR CONSTRUCTION CONTRACTS
290.9705
When a contract exceeds $100,000 and a non - Minnesota construction contractor has been
hired to perform the work, the city must do one of the following:
a. Deposit with the Department of Revenue, 8 % of every payment made to the
contractor; or
b. Have in its possession a Waiver of Withholding from the Department of Revenue.
6. GOVERNMENT DATA PRACTICES (MS 13)
Information contained in the application for assistance will become a matter of public
record with the exception of those items protected under the Minnesota Government Data
Practices Act.
Exhibit B
FEDERAL REQUIREMENTS
A. The project must meet at least one of two national objectives. These objectives are:
Benefit to Low and Moderate Income (LMI) or Prevention or Elimination of Slums or
Bligbt.
Low and Moderate Income
Job Creation/Retention.
The business to be assisted must commit to the creation and or retention of jobs with 51%
of the jobs to be made available to or held by LMI persons. When jobs will be retained,
the business must document that the jobs would be lost without the RLF assistance and
that one or both of the following applies to at least 51% of the jobs:
a.) The job is held by a LMI person; or
b.) The job can reasonably be expected to turn over within the following 2 years and
steps will be taken to ensure that the job will be filled by, or made available to, a LMI
person.
A position is "Available to" LMI persons if the following criteria apply to the position:
a.) The job does not require special skills that can only be acquired with substantial
training, work experience or education beyond high school.
b.) The business agrees to hire unqualified persons and provide training; and
c.) The city and the assisted business take actions to ensure that LMI persons receive
first consideration for filling such jobs.
A job that is "Taken by" an LMI person if his/her household income is within the Section
8 income guidelines. (See attached Job Information form)
Retained Jobs
In order to consider jobs retained as a result of this assistance, there must be "clear and
objective" evidence that permanent jobs will be lost without such assistance. For these
purposes "clear and objective" evidence means that jobs will be lost would include:
a) Evidence that the business has issued a notice to affected employees or made a
public announcement to that effect, or
b) Analysis of relevant financial records which clearly and convincingly shows that the
business is likely to have to cut back employment in the near future without the planned
intervention.
To meet the LMI standard, 51% or more of the retained jobs must be either:
a) Known to be held by LMI persons at the time this assistance is provided and /or
b) Jobs not known to be held by LMI persons, but which can be reasonably expected to
"turn over" to LMI persons within 2 years. (This would involve the grant recipient or
business taking actions to ensure that such a job, upon turnover, will be either taken by or
made available to a LMI person in a manner similar to that pertained to a newly created
job.
Slums /Blight
An economic development project, such as commercial rehab, which aid in the
prevention or elimination of slums or blight in a designated area may qualify under the
Slum /Blight National Objective.
To qualify, the economic development activity must take place in an area that:
1.) Has been designated by the city as meeting a definition of a slum, blighted,
deteriorated or deteriorating area under state or local law; and
2.) Has a substantial number of deteriorated or deteriorating buildings, or the public
improvements are in a general state of deterioration.
The assisted activity must address the conditions that contributed to the deterioration of
the delineated area.
The city must maintain documentation on the boundaries of the area and the condition
which qualified the area when it was designated under state or local law.
B. An RLF project must also meet the following federal requirements:
1. FAIR HOUSING AND EQUAL ACCESS
a. Title VI of the Civil Riahts Act of 1964. as Amended (42 U.S.C. 2000d et
CFR Part 1)
No person may be excluded from participation in, denied the benefits of, or subjected to
discrimination under any program or activity receiving Federal financial assistance on the
basis of race, color or national origin.
b. The Fair Housing Act (42 U.S.C. 3601 -3620) ((24 CFR Part 100 -115)
Prohibits discrimination in the sale or rental of housing, the financing of housing or the
provision of brokerage services against any person on the basis of race, color, religion,
sex, national origin, handicap or familial status. Furthermore, section 104 (b) (2) of the
Act requires that each grantee certify to the secretary of HUD that it is affirmatively
furthering fair housing. The certification specifically requires grantees to conduct a fair
housing analysis, develop a fair housing plan, take appropriate actions to overcome the
effects of any impediments identified and maintain records on the analysis, plan and
actions in this regard.
C. Equal Opportunity in Housing (Executive Order 11063, as amended by Executive
Order 12259) (24 CFR Part 107)
Prohibits discrimination against individuals on the basis of race, color, religion, sex or
national origin in the sale, rental, leasing or other disposition of residential property, or in
the use or occupancy of housing assisted with Federal funds.
d. Age Discrimination Act of 1975, As Amended (42 U.S.C. 6101) (24 CFR Part 146)
Prohibits age discrimination in programs receiving Federal financial assistance.
e. Section 109 of Title I of the Housing and Community Development Act of 1974
Requires that no person shall be excluded from participation in, be denied the benefits of,
or be subjected to discrimination under any program or activity funded with CDBG funds
on the basis of race, color, religion, national origin or sex.
f. Americans with Disabilities Act (ADA) (42 U.S.C. 12131, 47 U.S.C. 155, 201, 218,
and 225)
Provides comprehensive civil rights to individuals with disabilities in the areas of
employment, public accomodations, state and local government services and
telecommunications. The Act also states that discrimination includes the failure to design
and construct facilities that are accessible to and usable by persons with disabilities and
requites the removal of architectural and communication barriers that are structural in
nature in existing facilities.
g Section 504 of the Rehabilitation Act of 1973
Prohibits discrimination in Federally assisted programs on the basis of handicap. It
imposes requirements to ensure that "qualified individuals with handicaps" have access to
programs and activities that receive Federal funds.
h. Architectural Barriers Act of 1968 (942 U.S.C. 4151 -41
Requires certain Federally funded buildings an other facilities to be designed, constructed
or altered in accordance with standards that ensure accessibility to, and use by, physically
handicapped people.
2. EQUAL OPPORTUNITY
a. Equal Employment Opportunity, Executive Order 11246, as amended.. (41 CFR
art 60
Prohibits discrimination against any employee or applicant for employment because of
race, color, religion, sex or national origin. Provisions to effectuate this prohibition must
be included in all construction contracts exceeding $10,000.
b. Section 3 of the Housing and Urban Development Act of 1968
Requires that, to the greatest extent feasible, opportunities for training and employment
arising from CDBG will be provided to low- income persons residing in the program
service area. Also, to the greatest extent feasible, contracts for work (all types) to be
performed in connection with CDBG will be awarded to business concerns that are
located in or owned by persons residing in the program service area.
C. Minority/Women's Business Enterprise (Executive Orders 11625, 12432, 12138) (24
CFR 85.36(e)).
City must prescribe procedures for a minority outreach program to ensure the inclusion,
to the maximum extent possible, of minorities and women, and entities owned by
minorities and women, in all contracts.
3. LABOR REQUIREMENTS
All contracts for construction and installation of equipment must comply with the
following:
a. Davis -Bacon and Related Acts (40 USC 276 (A) -7)
Ensures that mechanics and laborers employed in construction work under Federally
contracts are paid wages and fringe benefits equal to those that prevail in the locality
where the work is performed.
b. Contract Work Hours and Safety Standards Act, as amended (40 USC 327 -333)
Provides that mechanics and laborers employed on Federally assisted construction jobs
are paid time and one -half for work in excess of 40 hours per week, and provides for the
payment liquidated damages where violations occur. It also addresses safe and healthy
working conditions.
C. Copeland (Anti- Kickback)Act (40 USC 276c)
Governs the deductions from paychecks that are allowable. Makes it a criminal offense
to induce anyone employed on a Federally assisted project to relinquish any compensation
to which he /she is entitled, and requires all contractors to submit weekly payrolls and
statements of compliance.
d. Fair Housing Standards Act of 1938, As Amended (29 USC 201, et.seq.)
Establishes the basic minimum wage for all work and requires the payment of overtime at
the rate of at least time and one -half. It also requires the payment of wages for the entire
time that an employee is required or permitted to work, and establishes child labor
standards.
In accordance with 24 CFR Part 5, CDBG funds may not be used to directly or indirectly
employ, award contracts to or otherwise engage the services of any contractor or
subrecipient during any period of debarment, suspension or placement of ineligibility
status. Grantees should check all contractors, subcontractors, lower tier contractors and
subrecipients against the Federal publication that lists debarred, suspended and ineligible
contractors. See internet site at http: / /www.arnet.gov /epls /.
4. PROCUREMENT
The procurement standards of 24 CFR 85.36 apply.
5. CONFLICT -OF- INTEREST
For the procurement of property and services, the conflict -of- interest provisions at 24
CFR 85.36 and 24 CFR 84.42 apply. This requires the city to maintain written standards
governing the performance of their employees engaged in awarding and administering
contracts. At a minimum, these standards must:
a. Require that no employee, officer, agent of the city or its sub - recipient shall
participate in the selection, award or administration of a contract supported by CDBG if a
conflict -of- interest, either real or apparent, would be involved;
b. Require that grantee or sub - recipient employees, officers and agents not accept
gratuities, favors or anything of monetary value from contractors potential contractors or
parties to sub - agreements; and
C. Stipulate provisions for penalties, sanctions or other disciplinary actions for
violations or standards.
A conflict would arise when any of the following has a financial or other interest in a firm
for award:
a. An employee, agent or officer of the grantee or sub - recipient;
b. Any member of an employee's, agent's or officer's immediate family;
C. An employee's, agent's or officer's partner; or
d. An organization that employs or is about to employ an employee, agent or officer of
the grantee or sub - recipient.
In cases not covered by the above, the CDBG regulations at 24 CFR 570.611 governing
conflict -of- interest apply. These provisions cover employees, agents, consultants, officers
and elected or appointed officials of the city or sub - recipient. The regulations state that
no person covered who exercises or has exercised any functions or responsibilities with
respect to CDBG activities or who is in a position to participate in decisions or gain
inside information:
a. May obtain a financial interest or benefit from a CDBG activity;
b. Have an interest in any contract, subcontract or agreement for themselves or for
persons with business or family ties.
This requirement applies to covered persons during their tenure and for one year after
leaving the city or sub - recipient entity.
Upon written request, exceptions to these provisions may be granted by HUD on a case -
by -case basis only after the city has:
a. Disclosed the full nature of the conflict and submitted proof that the disclosure has
been made public, and
b. Provided a legal opinion from the city stating that there would be no violation of
state or law if the exception were granted.
6. ENVIRONMENTAL REVIEW
The city is responsible for undertaking environmental reviews in accordance with the
Environmental Handbook. The environmental review must be completed before funds
are committed.
7. FLOOD INSURANCE
Section 202 of the Flood Disaster Protection Act of 1973 (42 USC 4106)
Requires that CDBG funds shall not be provided to an area that has been identified by the
Federal Emergency Management Agency (FEMA) as having special flood hazards unless:
a. The community is participating in the National Flood Insurance Program, or it has
been less than a year since the community was designated as having special flood
hazards; and
b. Flood insurance is obtained.
8. DISPLACEMENT, RELOCATION, ACQUISITION AND REPLACEMENT OF
HOUSING
Projects involving acquisition, rehabilitation or demolition may be subject to the
provisions of the Uniform Relocation Act.
EDA Agenda - 02/12/14
6. Consideration to review for approval 2014 Greater MSP Salesforce partnership
commitment. (AS/WSB Market Matching)
A. REFERENCE AND BACKGROUND
The EDA is asked to consider funding a license agreement for 2014 with GreaterMSP for
participation in its Salesforce program. Salesforce is a national developer of data -based
customer relationship management (CRM) tools. GreaterMSP has partnered with a
Salesforce to develop and implement a major metro -wide clearinghouse of site selection
information to aid in more timely and centralized lead response.
Greater MSP will be using the Salesforce CRM as its primary data storage system for the
entry and management of information on metro area land and lease opportunities.
Communities which hold licenses with GreaterMSP will be able to access the system and
input their own real -time information. When a lead comes into GreaterMSP, the new
Salesforce CRM will be used by GreaterMSP staff to pair the lead with sites which match
the lead's basic search criteria. In short, communities with licensures will be part of
GreaterMSP's lead response. Those communities without licenses will be relying on
traditional marketing and sales networking methods with the GreaterMSP team.
At the present time, Greater MSP is offering licensures at a $400 annual fee.
Communities were asked to submit non - binding letters of intent for participation no later
than January 31St, 2014. Monticello has submitted an LOI to GreaterMSP, which was
contingent on EDA review and approval.
Al. Budget Impact: The EDA's Dues and Memberships line item will fund this
expense.
A2. Staff Impact: John Uphoff has indicated that WSB's Market Matching Team will
manage the data entry for the system if the EDA chooses to participate. Staff has
prepared a rough diagram of the information flow intended to occur for Monticello's
economic development lead response with the development of the Salesforce tool.
Staff would request that the Market Matching Team request monthly input/output records
as part of its work with the system.
City staff will provide information to Mr. Uphoff for the new system, including updates
through WSB' InfoTracker site, which will be presented to the EDA in March.
B. ALTERNATIVE ACTIONS
1. Motion to approve a $400 annual license for 2014 for the GreaterMSP Salesforce
CRM license.
2. Motion of other.
C. STAFF RECOMMENDATION
Staff recommends alternative 91 above. The Salesforce CRM tool is being used not only
by Greater MSP, but is also used currently by DEED and the MN Chamber as a data
management platform. Collaboration with GreaterMSP on this licensure will ensure that
Monticello's data can eventually be integrated into a centralized distribution point
utilized by all three entities for market and lead response.
In addition, by partnering at the ground level with GreaterMSP, Monticello is at the
forefront of this emerging technology, reinforcing its partnership with this growing
marketing arm for Minnesota business development.
D. SUPPORTING DATA
A. Diagram - information and lead development with GreaterMSP Salesforce
B. Letter of Intent
2
WSB Market Matching
InfoTracker
City staff and All /Anyone to input leads into
City Media 4 1 system
Outlets Market Matching Team manages
information and responds.
Greater
nnrr%
1
WSB Market Matching
Enters relevant land/
building data information
into CRM
DEED
Al u e
SALE F RCE
as the data
platfo
ON Chamber
GREATER.,.. S Tits
Minneapolis Saint Paul Regional Ecanomlc Development Partnership
SALES FORCE PARTNER COMMUNITIES LICENSE
LETTER OF INTENT
INTRODUCTION:
The purpose of the Sales Force Partner Communities License Letter of Intent is to declare a
commitment to purchase a license through GREATER MSP.
LICENSE TERM:
The Sales Force Communities Partner license will be valid for 12 months. The license start date
will begin when GREATER MSP has provided login information.
LICENSE FEE:
The annual license fee is $400.00. GREATER MSP will submit an invoice that is required to be
paid within 60 days of receipt.
declare that -C1I A` intends to purchase a Sales Force Mariner Communities
license through GREATER MSP.
Please print the following information:
Name of City
Name of County
Name of contact person je* VN ((1 I b
Email address
Phone number: 1 0
Signature: 04az Date:
"This letter of intent is not efg lly bindings The purposej to determine how many communit Intend
to participate in the Sales Force Partner Communities Instance.
EDA Agenda: 02/13/14
7. Director's Report
I -94 Reconstruction Project (CSAH 18 TO WEST OF TH 25) —
Update by WSB & Assoc.
MnDOT will be reconstructing I -94 to address traffic weaving issues between TH 25 and
CSAH 18 starting in April 2014. The project will replace the concrete pavement on I -94 and
includes widening into the center median, installing a concrete barrier between eastbound and
westbound inside lanes, separating the eastbound TH 25 ramp and loop from mainline traffic
with a raised concrete barrier, constructing an eastbound acceleration lane, and constructing a
westbound auxiliary lane between the entrance loop at CSAH 18 and exit ramp at TH 25. The
project also includes reconstructing the pavement for all ramps and loops at the TH 25/I -95
Interchange and replacing pavement where the CSAH 18 loop ramps tie into I -94.
The project will be staged to keep two lanes of traffic in each direction open at all times on I-
94. When one of the interchanges, either at TH 25 or CSAH 18, is closed for ramp and
acceleration lane work, traffic will be detoured via Chelsea Road and CSAH 75 to one of the
interchanges to access eastbound I -94. MnDOT has indicated that access to westbound I -94
will be detoured to CSAH 75 to the interchange in Hasty, as both the westbound on ramps to
I -94 from TH 25 and CSAH 18 will need to be shut down. This has raised concerns with staff
and MnDOT is working on a plan to limit the duration that this will occur.
MnDOT will be presenting the project and a detour agreement to Council at the February 10
meeting and will further explain the project staging, ramp closures, traffic impacts and
address any questions the Council may have. A majority of the traffic impacts and detours are
anticipated to take place between May 1 and September 1.
Staff has also discussed the following items with MnDOT related to the project:
• Emergency vehicle access to I -94 when both or either interchanges are closed. The project
contract stipulates that the contractor is to provide access to emergency vehicles at all time.
MnDOT has indicated they will provide a passable lane from either interchanges if emergency
access is needed or emergency vehicles could turn around outside of the project limits in the
grass median on I -94.
• Directional signage will be provided to the downtown business area MnDOT will be
launching a communications plan and will provide detour maps, website /email updates, press
releases to the Monticello Times, Star Tribune, news networks, etc. Staff is preparing the
City's communication plan.
• Individual stakeholders (i.e. Hoglund bus company, River Rider, Hospital, Xcel Energy,
Cargill, other high users, to name a few) will be contacted directly by MnDOT about the
proj ect.
The following meetings have been scheduled.
February 10 @7pm, Monticello City Hall Presentation of project to the City Council,
Council Consideration of Approving Detour Agreement
EDA Agenda: 02/13/14
February 11 @ 7am, Monticello City Hall — Informational Meeting- Presentation of project to
the IEDC
February 18 (date tentative) — Monticello Chamber of Commerce Luncheon-
Presentation of the project
March 3 from 5:00pm to 6:30pm- Public Informational Meeting (open house) at Monticello
City Hall. The contractor will be at this meeting
Fred's Reimbursement
The EDA received reimbursement of $6,259.30 from the MN Dept. of Commerce Petrofund for the
Fred's Auto LSI report. The EDA was eligible to receive $6,992.10, or 90% of total cost.
This reimbursement is less than the total dollars requested due to the failure of the EDA to report a
petroleum release within required MPCA timelines, and the inability to fully document $592 of Braun's
services. Staff believes the reimbursement is appropriate and will not contest the reimbursement.
Market Matching Mid - Contract Report
John Uphoff of WSB & Associates' Market Matching Team will be presenting a mid -year report to the
City Council on Monday, February 10th. EDA Commissioners are welcome to attend the meeting.
A written summary will also be provided to the EDA after the report.
Swan /Power -line Conflicts
As reported recently in the Monticello Times, the east side of Monticello lost power for a brief period as a
result of swan wings coming into contact with power lines. Staff is working with Xcel to develop
strategies for reducing or eliminating such outages. A meeting will be held on Thursday, January 30th to
identify problem corridors and possible solutions to include and not limited to adding more bird
deflectors, burying power lines or modifying the electric pole design. By changing the wire alignment
pattern it is possible to reduce the chance of wings touching two wires at once if contact is made. This is
an important issue that Xcel and the City take very seriously. Our manufacturing community has a special
concern because they must have reliable power in order to operate efficiently. More information on this
item will be provided as it develops.
EDA Hospitality Study
In December, the EDA authorized proceeding to contract with Economic Development Services to
coordinate and prepare a hospitality market study for Monticello. City staff has executed the letter of
engagement for the project and will be meeting the morning of Wednesday, February 13th with Economic
Development Services and HCG representatives to discuss project in detail and tour the project study
area. It is expected that the EDA will have a draft report for review in April.
2
EDA Agenda - 2/12/14
5b. Consideration of Acceptance of EDA Fund Balance Retort. (WO)
A. REFERENCE AND BACKGROUND:
Attached is the annual estimated fund balance report for the EDA General Fund
The report provides line item detail for all of the EDA's sub -funds, the majority of which are
the tax increment districts within the City. In addition to TIF Districts, fund balance
information for the EDA "General" sub -fund the GMEF are also reflected in the report.
The information represents the unaudited balances of the districts, as staff is still in the
process of closing out fiscal year 2013.
The report includes information on the preliminary final fund balance totals for TIF District 1-
6, which was decertified in December of 2013. The surplus increment in 1-6 is allocated for
acquisitions and improvements within the EDA Development District, which includes most of
the city.
The report displays negative amounts for investment earnings, which is reflective of the
increase in interest rates and the corresponding decline in investment market values.
Investment market values fluctuate with changes in interest rates. Further, investment market
values rise when interest rates decline, with all other factors remaining the same. All
investments are made in accordance with state statute and the city investment policy.
Staff has also provided a status report on existing GMEF loans. Only one of the GMEF loans
is not current at the present time. Staff has been in contact with the mortgagee to discuss
status of payment. Staff will also be consulting with the EDA's attorney as related to next
steps in case of any potential default.
B. ALTERNATIVE ACTIONS:
Motion to accept the 2013 EDA Fund Balance Report.
2. Motion of other.
C. STAFF RECOMMENDATION:
City staff recommends alternative 1 above.
D. SUPPORTING DATA:
2013 EDA Fund Balance Report
GMEF Loan Report
CITY OF MONTICELLO
ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 2013-012
RESOLUTION APPROVING THE RETENTION OF ALL CURRENT PARCELS
WITHIN TAX INCREMENT FINANCING DISTRICT NO. 1-22
WHEREAS, on March 10, 1997, the City and the HRA approved a Tax Increment
Financing Plan (the "TIF Plan") for Tax Increment Financing District No. 1-22 (the "TIF District")
located within the Redevelopment Project, pursuant to the HRA Act and Minnesota Statutes,
Sections 469.174 to 469.1799, as amended (collectively, the "TIF Act"); and
WHEREAS, administration of the TIF District was subsequently transferred to the City of
Monticello Economic Development Authority (the "Authority"); and
WHEREAS, on June 30, 1997 the County of Wright (the "County") certified the
District; and
WHEREAS, the Authority has completed an analysis of financial activity with the District
to confirm compliance with the TIF Act; and
WHEREAS, the TIF District has existing outstanding obligations; and
WHEREAS, the Authority desires to act to maximize the use of tax increment derived from
property and available under "pooling" authority and to use all available tax increment revenue not
derived from property for eligible project costs.
NOW, THEREFORE, BE IT RESOLVED, by the City of Monticello Economic
Development Authority as follows:
1. All parcels included within the TIF District for taxes payable 2013 shall remain in the TIF
District.
2. The Executive Director is authorized and directed to prepare a spending plan for the use of
all available tax increment and to prepare any necessary modifications to the TIF District for
consideration by the Authority.
Approved by the City of Monticello Economic Development Authority this 13`h day of
March, 2013.
President
ATTEST:
Secret
CITY OF MONTICELLO
ECONOMIC DEVELOPMENT AUTHORITY
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2013-095
RESOLUTION ADOPTING A MODIFICATION OF THE REDEVELOPMENT PROGRAM
FOR CENTRAL MONTICELLO REDEVELOPMENT PROJECT NO.1 AND ADOPTING A
MODIFICATION OF THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT
FINANCING DISTRICT NO. 1-6
WHEREAS, it has been proposed by the City of Monticello Economic Development
Authority (the "Authority") that the City of Monticello (the "City") adopt a modification of the
Redevelopment Program (the "Redevelopment Program") for Central Monticello
Redevelopment Project No. 1 (the Redevelopment Project") and adopt a modification of the Tax
Increment Financing Plan (the "TIF Plan") for Tax Increment Financing District No. 1-6 (the
"District");
WHEREAS, the City originally established the District and approved the TIF Plan
therefor on November 12, 1985 (Resolution No. 85-23);
WHEREAS, the City adopted modifications to the TIF Plan for the District on September
28, 1987 (Resolution No. 87-30) and on February 13, 2006 (Resolution No. 2006-7);
WHEREAS, the Authority proposes further modification to the TIF Plan to authorize the
use of tax increment from the District for acquisition of land within the Redevelopment Project
and to modify the estimate of costs and sources of revenue without increasing the total overall
budget for the District as authorized in the T1F Plan;
WHEREAS, the Authority has investigated the facts and has caused to be prepared a
modification to the Redevelopment Program for the Redevelopment Project, and a modification
to the TIF Plan for the District (together, the "Modifications"); and
WHEREAS, the City has performed all actions required by law to be performed prior to
the modification of the Redevelopment Program and the TIF Plan, including, but not limited to,
notification of Wright County and Independent School District No. 882 having taxing
jurisdiction over the property included in the District and the holding of a public hearing upon
published and mailed notice as required by law.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the City of
Monticello Economic Development Authority as follows:
1. The Modifications as set forth in Attachment 1 to this resolution are
hereby approved and adopted.
433816v2 MNI MN 190-101
2. Subject to approval of the Modifications by the City Council, the
Executive Director of the Authority is hereby authorized and directed to transmit a certified
copy of this resolution and a certified copy of the City Council resolution approving and
adopting the Modifications, together with Attachment 1, to the Office of the State Auditor, the
Minnesota Department of Revenue, and Wright County.
Approved this 131h day of November, 2013, by the Board of Commissioners of the City of
Monticello Economic Development Authority.
President
ATTEST:
2
433816v2 MM MN190-101
ATTACHMENT 1
AMENDMENT OF THE REDEVELOPMENT PROGRAM FOR CENTRAL MONTICELLO
REDEVELOPMENT PROJECT NO.1 AND MODIFICATION OF THE TAX INCREMENT
FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1-6 WITHIN
REDEVELOPMENT PROJECT NO.1
I. Background
The City of Monticello (the "City") originally established Tax Increment Financing District No. 1-6
(the "District") within Central Monticello Redevelopment Project No. 1 (the "Redevelopment
Project") and adopted the Tax Increment Financing Plan (the "TIF Plan") therefor on November 12,
1985 (Resolution No. 85-23). The City subsequently adopted modifications to the District on
September 28,1987 (Resolution No. 87-30) and on February 13, 2006 (Resolution No. 2006-7);
The September 28, 1987 modification, among other things, approved additional project
expenditures, extended the original decertification but not to exceed the duration of the District to
accommodate retirement of additional project costs, and increased total tax increment
expenditures or designation of additional property to be acquired.
The February 13, 2006 modification, among other things, authorized the City or the Housing
Redevelopment Authority in and for the City of Monticello (which has since transferred the
administration of the District to the City of Monticello Economic Development Authority, hereafter
called the "Authority") to acquire any parcel within the District, approved additional project
expenditures and modification to the budget, increased the authority to incur bonded
indebtedness, modified the estimated sources of revenue, and clarified the duration of the District.
The City and the Authority have now determined a need to further modify the Redevelopment
Program and TIF Plan in order to authorize the use of tax increment from the District for
acquisition of land within the Redevelopment Project and to modify the estimate of costs and
sources of revenue without increasing the total overall budget for the District as authorized in
the TIF Plan.
The modification to the Redevelopment Program for the Redevelopment Project includes budget
revisions to coincide with the TIF Plan for the District. Nothing in this modification is intended to
supersede or alter the activities described in the original Redevelopment Program. The TIF Plan
remains in full force and effect and is not modified except as described in this modification
document.
3
433816v2 MNI MN190-101
II. TIF Plan Modifications to TIF District No. 1-6
The following sections of the TIF Plan for TIF District No. 1-6 are modified as shown:
Subsection F. Parcels in Acquisition Replaced in its entirety to read as follows:
Subsection F. Parcels in Acquisition. The City or Authority may acquire any parcel
located within the boundaries of the Redevelopment Project, including adjacent street
rights of way. Property may be acquired by the City or Authority only in order to
accomplish one or more of the following: storm sewer improvements; provide land for
needed public street utilities and facilities; or transfer to private developers in order to
accomplish the uses and objectives set for in the TIF Plan. The City or Authority may
acquire property by gift, dedication, condemnation or direct purchase from willing sellers
in order to achieve the objectives of the TIF Plan. Such acquisition will be undertaken only
when there is assurance of funding to finance the acquisition and related costs. The City or
Authority may also reimburse developers for costs of land acquisition in lieu of direct
acquisition by the City or Authority.
Subsection G. Estimate of Costs. Replaced in its entirety to read as follows:
Subjection G. Estimated Sources and Uses of Funds. The estimated sources of
revenue, along with the estimated public costs of the District, are itemized in Figure G-1.
These estimates are based on the best available information in the sources and uses of
funds. Such costs are eligible for reimbursement from tax increment derived from property,
and other listed sources of tax increment revenue from the District.
Subsection I. Sources of Revenue. Deleted in its entirety.
4
433816v2 MNI MN190-101
433816v2 MNI MN190-101
FIGURE G-1
City of Monticello, MN
Tax Increment Financing District No. 1-6
Projected Tax Increment
TOTAL
Estimated Tax Increment Revenues (from tax increment generated by the district)
Tax increment revenues distributed from the county
1,650,000
Interest and investment earnings
267,000
Sales/lease proceeds
67,500
Market value homestead credit
_
Total Estimated Tax Increment Revenues
1,984,500
Estimated Project/Financing Costs (to be paid or financed with tax increment)
Project costs:
Land/building acquisition
933,000
Site improvements/preparation costs
247,197
Utilities
Other qualifying improvements
320,930
Construction of affordable housing
_
Small city authorized costs, if not already included above
_
Administrative costs
45,000
Estimated Tax Increment Project Costs
1,546,127
Estimated financing costs
Interest expense
397,373
Total Estimated Project/Financing Costs to be Paid from Tax Increment
1,943,500
Revenue Less Expense (Fund Balance)
41,000
Estimated Financing
Total amount of bonds to be issued
350,000
433816v2 MNI MN190-101
EXTRACT OF MINUTES OF A MEETING OF THE
CITY OF MONTICELLO
ECONOMIC DVELOPMENT AUTHORITY
WRIGHT COUNTY, MINNESOTA
HELD: November 13, 2013
Pursuant to due call and notice thereof, a regular meeting of the City of Monticello
Economic Development Authority, Wright County, Minnesota, was duly held at the Monticello
City Hall on Monday, the 13th day of November, 2013 at 7:00 p.m. for the purpose, in part, of
adopting a modification of the Redevelopment Program for Central Monticello Redevelopment
Project No. 1 and adopting a modification of the Tax Increment Financing Plan for Tax
Increment Financing District No. 1-6.
The following Commissioner were present: President Bill Derneules, Vice President Bill
Tapper, Treasurer Tracy Hinz, Vice Treasurer Matt Frie, Rod Dragsten, Tom Perrault and Brian
Stumpf
and the following were absent: None.
Commissioner Tapper introduced the following resolution and moved its adoption:
The motion for the adoption of the foregoing resolution was duly seconded by
Commissioner Stumpf and upon vote being taken thereon, the following
voted in favor: Bill Demeules Bill Tapper, Tracy Hinz, Matt Frie, Rod Dragsten, Tom Perrault
and Brian Sturrinf
and the following voted against the same: None.
Whereupon said resolution was declared duly passed and adopted.
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433816v2 MNI MN190-101
CERTIFICATION
STATE OF MINNESOTA )
ss.
COUNTY OF WRIGHT )
I, the undersigned, being the duly qualified and Secretary of the City of Monticello
Economic Development Authority, DO HEREBY CERTIFY that the attached resolution is a true
and correct copy of an extract of minutes of a meeting of the Board of Commissioners of the
City of Monticello Economic Development Authority, duly called and held, as such minutes
relate to the calling of a public hearing on the Central Monticello Redevelopment Project No. 1,
and tax increment financing plan modification for Tax Increment Financing District No. 1-6.
WITNESSmyhand as such Secretary of the City of Monticello Economic Development
Authority this e day of November, 2013.
J
'M
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43381642 MNI MN 190-101