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EDA Agenda 07-09-2014EDA MEETING Wednesday, July 9th, 2014 6:00 p.m. Mississippi Room - 505 Walnut Street, Monticello, MN 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. May 14th, 2014 Regular Meeting Minutes b. June 11th, 2014 Regular Meeting Minutes 3. Consideration of additional agenda items. 4. Consideration of approving payment of bills. 5. Consideration to adopt resolution 2014 -067, Approving the Return of Tax Increments from Tax Increment Financing District No. 1 -22 to Wright County. 6. Consideration of approving a $1,000 membership in the Greater MN Partnership. 7. Consideration of Director's Report. 8. Adjourn. MINUTES REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, May 14th, 2014 - 6 p.m. Mississippi Room, Monticello Community Center Present: Bill Demeules, Bill Tapper, Tracy Hinz, Matt Frie, Rod Dragsten, Tom Perrault Absent: Brian Stumpf Others: Jeff O'Neill, Wayne Oberg, Angela Schumann, Steve Sherf, Janna King 1. Call to Order Bill Demeules called the meeting to order at 6 p.m. 2. Approval of Minutes — April 91h, 2014 BILL TAPPER MOVED TO APPROVE THE APRIL 9TU, 2014 REGULAR MEETING MINUTES AS PRESENTED. ROD DRAGSTEN SECONDED THE MOTION. MOTION CARRIED 4 -0. (Tracy Hinz and Matt Frie abstained as they had not attended the meeting.) 3. Consideration of adding items to the agenda None 4. Consideration of approving payment of bills Rod Dragsten asked about expenses related to the acquisition of Monticello Liquors. Finance Director Wayne Oberg said that expenses came in just under $6,000. Oberg also noted that the previous owner has 60 days to retrieve the cooler and the icemaker left on the premises. After that time the equipment will become surplus property owned by the City. BILL TAPPER MOVED TO APPROVE PAYMENT OF BILLS THROUGH APRIL 2014 IN THE AMOUNT OF $312,257.62. MATT FRIE SECONDED THE MOTION. MOTION CARRIED 6 -0. Angela Schumann followed up on questions related to invoices considered during the April 9th, 2014 EDA meeting. She stated that the Market Matching contract is in effect from July 1St, 2013 -June 30th, 2014 and that the invoiced amount is consistent with the contracted amount. Schumann also noted that the fee for recording EDA meetings is consistent with past monthly charges. 5. Consideration to review 2014 Hospitality Marketing Study Steven Sherf, of Hospitality Consulting Group Inc., presented a report related to the Hotel Market Study authorized by the EDA in March. He indicated that the purpose of the hotel EDA Minutes: 05/14/14 study was to determine if existing accommodations match the demand in Monticello. The study included an analysis of community demographics and hotel operating statistics, observations based on touring local facilities and input from interviews. Sherf outlined key findings and responded to questions related to occupancy rates, lodging demand, market competition, market readiness, location considerations and proximity to amenities. Janna King, of Economic Development Services Inc., then identified potential next steps in responding to the findings of the hotel study as part the larger downtown redevelopment strategy. Sherf reported that the four hotels in Monticello are more than ten years old, are in relatively good condition and are well kept. These existing facilities sufficiently address lodging demands of the local and highway markets but do not address the upper midscale and upscale lodging demand that is leaving the market. Sherf added that retail sector has no impact on lodging demand (with the exception of destination travel generated by visitors to outlet malls). He also noted that area attractions such as the Mississippi river and Bertram Park do not affect lodging demand at this time. Proximity to trails is considered a more significant area amenity. Business owners interviewed expressed dissatisfaction with the quality of the accommodations available in Monticello. Interviews with hotel owners indicate that the local demand for upscale accommodations and amenities is met in Maple Grove. Sherf pointed out that the lodging market has been distorted by hotel loyalty programs which reward travelers with points or discounts for frequent lodging. Sherf anticipated that occupancy rates will climb from the current 50% over the next 2 -3 years as the city continues to grow in population and the local economy more fully recovers from the recession. Rooftops are a common measure of "extra bedroom demand." Analysts look for occupancy rates at 70% and beyond to indicate that the market is ready for upscale hotel development. Sherf recommended that Monticello pursue the development of a limited service hotel franchise such as a Holiday Inn Express, Hampton Inn or Fairfield Inn in an effort to address the lodging demand identified. This type of facility may also draw from the lodging market currently served by hotels along the Highway 10 corridor. He pointed out that none of the larger hotel franchises or "flags" are overrepresented in this area and suggested that some may be underrepresented. He indicated that the Marriot' Hilton and Holiday Inn hotels in Maple Grove are not close enough in proximity to Monticello to impact future hotel development decisions. The limited service hotel typically includes a small meeting room, a fitness room, pool and breakfast at a lodging rate in line with the market. The meeting room provides another option for accommodating the various sized meeting space demands of Monticello's social gathering and business meeting market. EDA Minutes: 05/14/14 Limited service hotels do very well downtown with food support nearby. Although close proximity to dining is key, restaurant options needn't be within walking distance from lodging. Increased restaurant options overall should be a top development priority. Sherf suggested that it is more efficient to work with hotel franchise representatives than to send out a broadcast RFP for hotel development. Reps sort through sites, check distance restrictions, determine market qualifications and identify hotel developers potentially interest in exploring sites. He cautioned, however, that franchise interest does not equal a commitment to develop and he stressed the importance of firming up development agreements with developers. Sherf said that although it would be preferable to develop a 50 room hotel on a parcel that is an acre and three quarters to two acres in size, it would fit on an acre and a half of land. He anticipated that shared parking options would be viable in the downtown area because the early morning and evening parking requirements of the hospitality industry do not typically interfere with the daytime parking requirements of the retail and office sectors. Sherf confirmed that the study findings would still be valid in two years. Janna King briefly noted the many aspects of foundational information now in place to fully consider the next steps in guiding downtown redevelopment. She said that the time is right to begin updating and promoting marketing materials, identifying target markets, developing policies, doing initial outreach, assembling sites and conduct preliminary site planning at more than one site. King recommended creating a predictable investment environment and a level of readiness (or a plan to prepare for a level of readiness) because developers are primarily looking for low risk and efficiency. King noted that the findings from the Embracing Downtown Monticello study and the hotel market study indicated that that market can support a significant amount of additional restaurant space. She underlined the importance of pursuing fine dining options and mid -scale lodging development options simultaneously. Angela Schumann clarified some of the many roles which have emerged as part of the economic development process. She indicated that the EDA will define its workplan to guide the pace, the opportunities, the direction and the resources and linkages critical to the process. The EDA may also develop acquisition and financial subsidy policies and provide preliminary site planning input. The Market Matching team is tasked with presenting Monticello to a wider audience. The ReSTOREing Downtown group may choose to focus on marketing, site assembly and facilitating community initiatives. Staff will coordinate, structure and process administrative tasks related to EDA efforts. 6. Consideration of approving a 2014 Farm Lease Agreement for Outlot F, Otter Creek Crossing Wayne Oberg pointed to the need to address the funding gap between the $1,000 fee charged to farm Outlot 7, Otter Creek Crossing and the $1,512 in property tax due on the EDA Minutes: 05/14/14 parcel. Tenants Matt and Tom Spike agreed to pay an additional $250 fee to farm the parcel between May 15th and November 10th, 2014. Although Oberg would prefer to recover the full taxable cost of the parcel in 2015, he acknowledged that $125 per acre may be a reasonable lease rate because one third of the parcel is not farmable and none of it is irrigated. He also said that, if the parcel were not farmed, it would require weed control measures that could cost up to $400 per year. BILL TAPPER MOVED TO APPROVE THE FARM LEASE AGREEMENT FOR OUTLOT F, OTTER CREEK CROSSING AS DRAFTED. ROD DRAGSTEN SECONDED THE MOTION. MOTION CARRIED 6 -0. 7. Consideration of approving a $500 marketing expense related to "Monticello -Worth the Stop" Angela Schumann reported that the business community campaign, "Monticello -Worth the Stop," has been reaching out to stakeholders throughout the broader business community in an effort to build a coalition of support for encouraging continued traffic to local businesses during the I -94 construction this summer. The EDA was asked to partner in this effort by way of a $500 contribution. Schumann summarized that Worth -the -Stop representatives teamed up with city and MnDOT staff to develop and place cooperative signage. She also noted that the City's Communications Coordinator Rachel Leonard is often on hand at meetings to offer input. Schumann responded to questions related to scope, participation and expected outcomes of the campaign. Although she acknowledged the campaign goal of involving some 40 businesses, she added that scope would depend on participation and momentum. Although there seemed to be agreement that impact is both a significant issue and difficult to measure, commissioners seemed to have different definitions and expectations about impact. Some voiced concern that partnering would be a waste of time and money while others voiced concern that not to do so would waste opportunity and enthusiasm. TRACY HINZ MOVED TO APPROVE A $500 MARKETING EXPENSE RELATED TO "MONTICELLO -WORTH THE STOP." MATT FRIE SECONDED THE MOTION. MOTION FAILED 2 -4 WITH ROD DRAGSTEN, TOM PERRAULT, BILL TAPPER AND BILL DEMEULES VOTING IN OPPOSITION. (Rod Dragsten, Tom Perrault, Bill Tapper and Bill Demeules suggested that an EDA contribution would make little impact.) 8. Consideration of approving a $1,000 membership in the Greater MN Partnership City Administrator Jeff O'Neill emphasized the importance of investing in an organization which advocates for economic development policies and resources for cities outside the metro area and asked the EDA to consider membership in the Greater Minnesota Partnership. He noted that the role of the partnership is to represent legislative priorities common to cities throughout the state and shared examples of partnership support for transportation and technology initiatives that affect economic development. EDA Minutes: 05/14/14 Commissioners asked questions about partnership history, members, budget and staffing as well as how the benefits of participating in this partnership might differ from the benefits of participating in other support organizations. O'Neill offered to invite a partnership representative to an upcoming EDA meeting in an effort to more fully respond to questions. Bill Demeules said that it would be helpful to learn more about the partnership before making a decision about membership. There seemed to be general interest in receiving regular reports related to the work of the organizations supported by EDA membership. Staff agreed to provide such updates as part of the Director's report within the agenda packet and to point out opportunities for active involvement. Commissioners were also encouraged to sign up for subscriber email notifications included with membership. BILL TAPPER MOVED TO TABLE CONSIDERATION OF MEMBERSHIP IN THE GREATER MINNESOTA PARTNERSHIP PENDING FURTHER INFORMATION. ROD DRAGSTEN SECONDED THE MOTION. MOTION CARRIED 6 -0. 9. Consideration of the Director's Report TIF Administration - Northland Securities has been following up on administrative tasks related to job and wage reporting for subsidies, compliance with the six year rule and required knockdowns as designated in the TIF management plan. Invoices related to this process will be included in an upcoming agenda packet for EDA consideration. I -94 Coalition - St. Michael City Administrator /City Engineer and Chair of the I -94 Coalition Steve Bot presented an I -94 Coalition update and responded to questions about the "Corridors of Commerce" initiative and three lane I -94 expansion from Rogers to St. Michael during the table topic discussion segment of the May 6th IEDC meeting. Building Activity - The Building Department continues to process an increasing number of residential building permits. Planning application submissions are also on the rise. 10. Adiournment BILL TAPPER MOVED TO ADJOURN THE MEETING AT 7:34 PM. MATT FRIE SECONDED THE MOTION. MOTION CARRIED 6 -0. Recorder: Kerry Burri Approved: Attest: EDA Representative MINUTES REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, June 11, 2014, - 6 p.m. Mississippi Room, Monticello Community Center Present: Bill Tapper, Tracy Hinz, Tom Perrault, Brian Stumpf Absent: Bill Demeules, Matt Frie, Rod Dragsten Others: Jeff O'Neill, Wayne Oberg, Angela Schumann 1. Call to Order Bill Tapper called the meeting to order at 6 p.m. 2. Approval of Minutes — May 15th, 2014 The minutes for the May 15th, 2014 meeting were not yet available for consideration. 3. Consideration of adding items to the agenda • Bertram Park • Marketing in Monticello 4. Consideration of approving pavment of bills Bill Tapper asked about the following issues: • Pizza Factory Relocation Expenses: Angela Schumann will contact Dan Wilson to confirm final billing. She reminded the EDA of the time delay involved between when expenses are incurred and when bills are presented for review. • Utility Shut Offs: Water and Sewer Superintendent Matt Theisen conducted building walk - throughs and arranged for utility shut offs as appropriate. Reduced utility costs will be reflected in the billing. The electricity is still connected at Monticello Liquors. • Sheet Metal Company Expenses: The HVAC system was divided so that only the part of the building still occupied would be utilizing utility service. • Legal Cost Recovery: Jeff O'Neill will request that Shafer Construction reimburse the City for legal costs associated with accommodating their request to use city right of way as part of the I -94 reconstruction project. O'Neill suggested that legal cost recovery will be a consideration, as appropriate, in future. • Consulting Costs: Expenses related to active relocations have been paid. There may occasionally be additional expenses as staff sometimes consult with Dan Wilson. Brian Stumpf said he thought that electricity would have been shut off already at the Monticello Liquors property. Wayne Oberg explained that the contract had allowed the previous owners to access the property for 60 days after the closing date (April 15 th) but EDA Minutes: 06/11/14 that he'd extended that until the end of the month so that they could make arrangements to remove the remaining equipment. Stumpf also asked about access to the building. Oberg explained that the key is picked up and dropped at the DMV but that it wouldn't be an issue to arrange for an escort to the property. BRIAN STUMPF MOVED TO APPROVE THE PAYMENT OF BILLS THROUGH MAY 2014 IN THE AMOUNT OF $111,458.15. TRACY HINZ SECONDED THE MOTION. MOTION CARRIED 4 -0. 5. Consideration to review Market Matching services to date and to request an amended /updated contract with WSB & Associates for Market Matching Economic Development Services Angela Schumann recapped the scope of services included in the current Market Matching contract and reported on the status of key deliverables over the past year. As the contract is due to expire at the end of June, Schumann asked that the EDA provide feedback relating to the existing contract and direction in regard to the option of extending the contract for another year. Schumann pointed out that both City staff and WSB consultants had learned much in the past year about what works and what can be improved as it relates to the economic development services contract. External sales efforts of the Market Matching team have far exceeded what staff would be able to achieve with internal resources. O'Neill said that, although it is difficult to point to a direct result, the Market Matching contract has enabled good exposure and increased the odds of developing prospects. The City has been able to respond quickly to potential leads from multiple sources and markets with site specific materials developed by the Market Matching team. Once the team had identified Monticello's Unique Selling Proposition (USP), it became clear that the collateral materials would need to be revised to incorporate the USP to most effectively market the city. The USP brands Monticello as a technology forward, amenity rich destination for innovation. Schumann indicated that this past year has been about building a mutual understanding of needs and capabilities and laying the groundwork. Some deliverables (like the Opportunity Tracking effort) have been completed and some are still in process as economic development needs are clarified. Schumann expressed confidence that WSB would meet Monticello's needs and recommended revising the contract to address the following: • Revision /completion of the original contract's remaining tangible deliverables within the first 45 days of the new contract • Coordinate EDA /City Negotiations Team work on City -held properties to determine sale disposition and representation; produce sale pieces; develop and present recommended sales strategy EDA Minutes: 06/11/14 • Increase in sales /lead activity filling in the "gap" after deliverable creation/deployment • Assistance with financial package preparation in consultation with staff, policymakers and financial consultant. • Continue to identify and assist in realizing potential economic development opportunities — land acquisition, financial incentive ideas, etc. • Consistent integration of USP throughout all efforts • Economic development website postings and management • Dedicated focus on news release and development of economic development/business features for City communication outlets • Manage and report on SalesForce CRM Tracy Hinz acknowledged that staff has done a tremendous amount of work and suggested that WSB take more initiative to demonstrate accountability and make themselves more available to the EDA. Brian Stumpf and Bill Tapper indicated that they would find it useful to have more details about Market Matching activities. O'Neill offered to share progress reports on a more frequent basis. There seemed to be a general agreement among commissioners that it is too soon to tell whether or not Market Matching has made a significant impact on economic development. Bill Tapper suggested that evaluating the concept if nothing concrete is evident after two years. Brian Stumpf asked how many other communities had contracted with WSB for Market Matching services. Schumann agreed to find out. TRACY HINZ MOVED TO DIRECT STAFF TO WORK WITH WSB MARKET MATCHING TO PREPARE A NEW 12 -MONTH CONTRACT FOR MARKET MATCHING SERVICES FOR CONSIDERATION AT A JOINT EDA /CITY COUNCIL MEETING ON JULY 14TH, 2014, BASED ON THE RECOMMENDED CONTRACT AMENDMENTS AS NOTED BY STAFF, THE EDA AND THE CITY COUNCIL. BRIAN STUMPF SECONDED THE MOTION. MOTION CARRIED 4 -0. 6. Items Added to the Agenda Bertram Park - Bill Tapper said that he'd recently toured the Bertram Chain of Lakes Regional Park with the IEDC and had found that the property had not changed in 40 years. He congratulated the City Council for having the vision and fortitude to preserve the land for generations to come rather than allow high end housing development. He feels that the park benefits the entire community and will attract visitors to Monticello. Tom Perrault suggested that the City is missing an economic development opportunity EDA Minutes: 06/11/14 by choosing not to locate higher end housing in that area. He asked who'd pay for the road through the northern portion of the park. Jeff O'Neill noted that, because the City used Legacy grant funding to assist with land acquisition costs, the road through the park is no longer a possibility. He said that the park is an irreplaceable amenity and suggested that there are other options for upscale development in the area. Perrault pointed out that the City would still have to maintain the property. Marketing in Monticello - Bill Tapper said he'd support a marketing effort to bring back business to Monticello after the freeway reconstruction project has been completed. He also pointed to examples of how small communities have established events that regularly draws crowds on weekday evenings and suggested that Monticello identify opportunities to attract attention. Angela Schumann indicated that there had been some consideration of packaging some of the many events already scheduled as a single identity such as a riverfront series. She agreed to encourage further discussion of this idea with folks at the Monticello Community Center and ReSTOREing Downtown. 7. Consideration of the Director's Report There was no discussion related to items summarized in the Director's Report. 8. Adjournment BRIAN STUMPF MOVED TO ADJOURN THE MEETING AT 6:47 P.M. TRACY HINZ SECONDED THE MOTION. MOTION CARRIED 4 -0. Recorder: Kerry Burri Approved: Attest: EDA Representative 4 EDA Agenda: 7/09/14 4. Consideration of approving payment of bills (WO) A. REFERENCE AND BACKGROUND: Invoices submitted during the previous month are included for review and consideration. B. ALTERNATIVE ACTIONS: 1. Motion to approve payment of bills through June 2014 in the amount of $12,652.68. 2. Motion to approve the registers with changes directed by the EDA. C. STAFF RECOMMENDATION: Staff recommends approval of payment for invoices submitted. D. SUPPORTING DATA: Invoices Accounts Payable Transactions by Account User: Ann.Zimmerman Printed: 06/23/2014 - 8:31AM Batch: 00203.06.2014 Account Number CITY OF �/� 0 Vendor Description GL Date Check No Amount PO No 213 - 46301 - 430400 KENNEDY AND GRAVEN CHAR] General EDA Matters through 4/30/14 06/10/2014 112387 342.00 213 - 46301 - 430400 KENNEDY AND GRAVEN CHAR] Legal Sery thru 4/30/14 -Final Monticc 06/10/2014 112387 981.25 Vendor Subtotal for Dept:46301 1,323.25 213-46301-431990 NORTHLAND SECURITIES INC April 2014 - General 06/10/2014 112398 640.00 Vendor Subtotal for Dept:46301 640.00 213-46301-431990 ECONOMIC DEVELOPMENT SEF Hospitality Market Analysis for Down 06/10/2014 112379 2,750.00 213-46301-431990 ECONOMIC DEVELOPMENT SEF Hospitality Market Analysis for Down 06/10/2014 112379 2,750.00 Vendor Subtotal for Dept:46301 5,500.00 213-46522-431990 WILSON DEVELOPMENT SERVI( MGFARM - Acquisition & Relocation 06/10/2014 0 821.50 213-46522-431990 WILSON DEVELOPMENT SERVI( MGFARM - Acquisition & Relocation 06/10/2014 0 60.78 Vendor Subtotal for Dept:46522 882.28 213 - 46522 - 438100 XCEL ENERGY utx - MGFARM 51- 0517365 -5 06/10/2014 112425 16.50 Vendor Subtotal for Dept:46522 16.50 Subtotal for Fund: 213 8,362.03 AP- Transactions by Account (06/23/2014 - 8:31 AM) Page 1 Account Number Vendor Description GL Date Check No Report Total: The preceding list of bills payable was reviewed and approved for payment. Date: 7/9/14 Approved by: Tracy Hinz, Treasurer Amount PO No 8,362.03 AP- Transactions by Account (06/23/2014 - 8:31 AM) Page 2 Kennedy & Graven, Chartered- 200 South Sixth Street, Suite 470 Minneapolis, MN 55402 City of Monticello Accounts Payable 605 Walnut Avenue, Suite I Monticello, IVIN 56362 Through April 30, 2014 MM190-00001 General I declare, under penalty of law, that thla account, claim or demand is just and correct and that no part of It has been paid, Signature of Cl t (612) 337-9300 AY 2 1 204 May 20, 2014 11 Statement No. 120096 i 342.00 Total Current Billing: ^ 342.00 Page; 1 Kennedy & Graven, Chartered 200 South Sixth Street, Suite 470 Minneapolis, MN 55402 City of Monticello April 30, 2014 MN190 -00001 General Through April 30, 2014 For All Legal Services As Follows; Hours Arnount 4/24/2014 MNI Monticello Swan River school question from city attorney 1,90 342,00 and city administrator; review documents; office conference with J Poulton regarding same; phone conversations with J O'Neil regarding same, Total Services; $ 342,00 Total Services and Disbursements; $ 342.00 Kennedy & Graven, Chartered 200 South Sixth Street, Suite 470 Minneapolis, MN 55402 (612) 337 -9300 May 20, 2014 Statement No. 120097 Monticello EDA 505 Walnut Ave, Suite 1 Monticello, MN 55362 Through April 30, 2014 MN326 -00026 Liquor Store Acquisition declare., under penalty of law, that this account, claim or demand is just and correct and that no part of it has been paid. ignature of Cla ma t 931,25 Total Currant Billing; 881.25 PAY 2 1 2014 931,25 Total Currant Billing; 881.25 Page: 1 Kennedy & Graven, Chartered 200 South Sixth Street, Suite 470 Minneapolis, MN 55402 Monticello EDA April 30, 2014 MN325 -00028 Liquor Store Aoquisition Through April 30, 2014 For All Legal Services As Follows; Hours 411/2014 MNI Review HUD; review closing dots; email correspondence 0,50 with W Oberg regarding same. 4/1/2014 CBR E-mails regarding closing; review HUD 0.75 412/2014 CBR E -mails regarding Incumbancy certificate; draft certificate 0.50 417/2014 MNI Office conference with C Rocklitz regarding closing 0.20 matters for Monticello liquor store. 4/7/2014 CBR Revise documents per updated commitment; prepare for 2.00 closing; review title settlement statement; send documents to client; draft instruction letter, a -mails 411 412 0 14 MNI Office conference with C Rocklitz regarding final closing 0.50 matters; review W Oberg email regarding real estate value info. 41l4/2014 CBR Review title's closing documents and revise; intraoffice 1.75 conference; e-mail to closer 4116/2014 MINI Review of closing matters with C Rocklitz; confirmation of 0.50 closing from same. 4115/2014 CI3R E -malls regarding closing; print documents 0.25 Total Services; Amount 92.50 95.25 63.50 37.00 254.00 92.50 222.26 92,60 31.75 $ 981.25 Total Services and Disbursements: $ 981.25 Northland Securities, Inc. 45 South 7th Street Suite-2000 Minneapolis, MN 55402 -1625 USA Voice: 612 - 051 -5900 Fax: 612 - 851 -5951 NORTHLAND SECURITIES Sold To: City of Monticello .Angela Schumann 505 Walnut Street, Suite 1 Monticello, MN 55362 Invoice Invoi ce Num her: 3659 Invoice Date: 5/8/14 Page: ' ' l MAY 18 2014 CustDMCrPO� Payment Terms Sales Rep ID - Due Date Reporting Net 30 Days 6/7/14 Description Amount For services related to compliance with lousiness subsidy and i -nCOme gc�aliflcatian W� 640,00 reporting, leaae see attached detail. I Subtotal 64 0.0 0 Sales Tax Total Invoice Amount x40.00 Check No: Payment Received TOTAL Northland Securities, Inc. 45 South 7th Street, Suite 2000, Minticapolis, MN 55402 tiau Lim 1 -800 -851 -.2920 .usla 612 - 8515900 P� 612 -851 -5987 www.tiortlitandsecittities.com Member FiNRA and SIPC NORTHLAND STRATEGIES Special Projects Group INVOICE SUPPL19MENT Client: City of Monticello project. Compliance with business subsidy and income qualification reporting Contact: Angela Schumann City of Monticello 505 Walnut Street Suite 1 Monticello, MN 55362 Billing Period. April 2014 Services Performed ♦ Collect data from City -ales on development agreements r Complete analysis of agreements and subsidy goals or Income qualification • Prepare preliminary estimates of cash flow • Prepare rnemofandum for City summarizing findings and recommendations Staff Time Position Ho Rato Billable Senior Professional 4.00 $160 $640,00 Professional $135 $0.00 Support - $105 $0.00 Total Staff 4,00 $640.00 Expenses Mileage $0.00 Printing $0.00 Other $0,00 Total Expenses $0.00 '>Gntal: rA'lt�t; i'eTI0C1 • .. Project Summary Total Budget* $ - Billed This Period ($640,00) Billed Previous $0.00 Budget Remaining $ (640.00) *Billing on an hourly basis. Northland Securities, Inc. Page 2 of 2 Economic Development Services, Inc., ....... ....... May 20, 2014 Jeff O'Neill, City Administrator City of Monticello 505 Walnut Street, Suite 1 Monticello, IVIN 55362-8831 1 Invoice m AY 2 7 2014 IT Y 0 F Oki 9 Hospitality Market Analysis for Downtown Monticello Final payment of three Please make checks payable to Economic Development Services, Inc. 612 925 2013 MIN ': -110 $2,750.00 - ' Economic Development services, Inc. May 13, 2013 Jeff O'Neill City }Administrator City of Monticello 505 Walnut Street, Suite 1 Monticello, MN 55362 -8831 Invoice Hospitality'Market Analysis for Downtown Monticello Second payment of three $2,750.00 Please make checks payable to Economic Development Services, Inc. 110 nFow ck) ri de velop-coni 612 926 2413 '.� �.. ?'• t�;f ",Si `-0th 1ul H ::2,4 It! ��son Wilson Development Services, LLC 510 North Chestnut Street, Suite 200 Chaska, MN 55318 952.448.4630 800,448.4630 FEIN 2$- 1629971 MAY Z 1 2014 Invoice submitted to: City of Monticello Attn: Angela Schumann 505 Walnut Street Monticello, MN 55362 Invoice Data Invoice !Number Last Bill Date May 16, 2014 22930 4/28/2014 In Reference To:. Acquisition & Relocation Services- Montgomery Farms Professional Services HrsIRate. .Amounx . 41412014 DHW- Time 0,30 33.00 Call with' Gary regarding rent is paid'Up, relocation claim - discuss 110,001hr item not covered., 1?112za Factory (Ekegren) 4/712014 HNF Time .:. :. 1;00 95.00 Received - signed claim #2.fx Domain Archit'ecture`& Design, Inv. 95.001hr .. #12067. Prepared check iequeM, .business relocation summary atict attachment'to.claim #2- emalled check request with attachments to • Angie. at City-of Monticello. Updated file.. Pizza Factory (Ekegren) 411'612014 HNF - Time 0.10. 9.50 Updated file with copy of claim #2 check 95:001hr Pizza Factory (Pkegren) 412312014 DFIW Time- 0120 22.00 .Received architect's claim - discuss with Helen and review 110,001hr Pizza Factory (Ekegren) 4/29/2014 DHW Time 0,50. 55.00 Call from John at Bullseye regarding claim payment, Call from John 11 0.001hr & Andrea - set up meeting to discuss & review claims. C611 Angela - left message regarding meeting time Pizza Factory (Ekegren) City of Monticello Mon tical lo-Montgom ery f=arms page 2 Hrs /Rate Amount 4/3012014 DML Time 0.25 18.75 Type email response to Angela 5 regarding meeting set in response 75.001hr to John at Bullseye involvement. Scan email and copy of invoice(s) from Andrew to Angela Pizza Factory (Ekegren) DHW Time 5,00 550.00 .Prepare for meeting with Andrew at Heritage regarding invoices 110,00/hr submitted to date. Meeting with John at Bullseye and Andrew with Heritage & Garry E. View replacement site construction - discuss invoice with Andrew. Calls with Angela regarding status of contract payment & rent. Memo to Angela Pizza Factory (Ekegren) SUBTOTAL: [ 7,35 783.25' 'z- Project Management 4/30/2014 DML Time 0.51 38,26 4111-4130,2014 Consultant entries recorded to database for clieridoase 75.00 /hr history, %ato and,fllq mainteriaraeelbael Grp. ; z- Project- Management SUB J-oT-AL:. .38.25'. For professional services rendered 7.86 '$821.50 Additional Charges Qty /Pr €ce Pizza Footary Qegren) 413012014 DHW - Mileage 108 60.48: -M €laage 1= 1- 2D14.'1R,9 Rate Attend meeting with John ( Bullseye) & 0.56 Andrew (Heritage Const) & Carry E. li Factory -(Ekegren) - SUBTOTAL: z= Project Management 4130/2014 Copies - Internal 2 0.30 Copies 411 -4130, 2014 0,15 z- Project Management SUBTOTAL: [ 0,30' City of Mondoello Monticello-Monigomery Farms page 3 Total costs For professional services rendered Total amount of this bill Previous balance balance due Amount $60.78 Amount 7.86 $882.28 $927,14 '-? XceiEnergy0 BESPONSIULIE BY HIITIIhdo QUESTIONS ABOUT YOUR BILL? 'Sao ovrwsbsits: xcelenergy.com Email us at: Custnmerservice ®xcelenergy.com NO= Call: 1 -808 -481 -4700 Hearing Impaired: 1- 800 - 895449 Fax: 1800- 311 -0050 Or writs us art: XCEL ENERGY PQ BOX B EAU CLAIRE WI 54702 0008 PREMISES SU MMARY NORTHERN STATES POWER COMPANY Pegs 1 ntS MAIUND ADDRESS ACCOUNT NUMBER e � MONTICELLO ECA 505 WALNUT ST STE 1 MONTICELLOIVIN553B2 -8822 51-0517365-5 06/2312014 STATEMENT NUMBER STATENENTDAT 413770181 $87.72 ACCOUNT BALANCE Previous Balance As of 05/10 $71.22 No Payments Received $0.00 Balance Forward $71.22 Current Charges $16.50 Amount Dus $8732, PREMISES NUMIIER PREMISES MENTIFIER PREMISES DESCRIPTOR CURRENT HILL 3024514,93 206 PINE ST $0.68 302695149 112 E BAQADWAY ST $7,82 T Total - -- $11150 Convenience atyour service -Pay your hills electronically -fast and easy with Electronic Funds Transfer. Calf us at 1- 800 - 481 -4700 or visit us at ` www.xcelonergy.com. JUN -2 2014 t f t . L•' RETUM BOTTOM P05WNW911 YQURPAYMENr • PLEASE UO NOT WKSTAPIES,TAPEUR PAPERCLIPS / ceffineWo ACCOUMTHUMA13ER I DUEFATE �i I ' r 51-0517365 -5 1 06123/2014 $87.72 Please seethe back ofthis hill for (more Infermatlon 11111111; regarding the late paymonteharge. Pay on or before the dote due t4 avoid assessment of R late poyEUOrrkcllarga. 1 2 3 5 B 7 Make your check payahlo to KGEL FNI RGY $ 9 1A 11 12 13 14 IS 16 17 13 18 20 21 AS 02 004472 30525;13 25 A 22 Y4 4 26 27 28 �I[[ �p[ Illhllh' ��III1111'[[ Illll 'Ill�l'Il�ll�ll`III'IIIIIlIlI, as 34 MONTICE;LLO EDA 505 WALNUT ST STE 1 NONTICELL[f HN 55362 -8831 Iltll' IIII!' 111i1A:: Illlllll lllfl +IlllJxl�Fl�„�IIII�,ll�lllllll[ XCEL ENERGY P . 0 , BOX 9477 MPLS MN 55484 -•9477 31 51062314 05173655 OLIUUGU0165000000008772 �x si �r ; Accounts Payable Transactions by Account User: Ann.Zimmerman Printed: 06/23/2014 - 8:24AM Batch: 00201.06.2014 Account Number CITY OF �/� 0 Vendor Description GL Date Check No Amount PO No 213 - 00000 - 362970 US BANK CORPORATE PMT SYS US Bank Rebate Q1 2014 06/15/2014 0 -0.68 Vendor Subtotal for Dept:00000 -0.68 213-46522-431000 US BANK CORPORATE PMT SYS Advanced Disposal - MGFARM - Apr 06/15/2014 0 10.55 Vendor Subtotal for Dept:46522 10.55 213 - 46522 - 438100 XCEL ENERGY utx - MGFARM - 51- 0592578 -0 06/15/2014 0 6.07 213 - 46522 - 438100 XCEL ENERGY utx - MGFARM - 51- 0592578 -0 06/15/2014 0 17.10 213 - 46522 - 438100 XCEL ENERGY utx - MGFARM - 51- 0798481 -0 06/15/2014 0 46.18 213 - 46522 - 438100 XCEL ENERGY utx - MGFARM - 51- 0517384 -8 06/15/2014 0 16.45 Vendor Subtotal for Dept:46522 85.80 Subtotal for Fund: 213 95.67 Report Total: 95.67 The preceding list of bills payable was reviewed and approved for payment. Date: 7/9/14 Approved by: Tracy Hinz, Treasurer AP- Transactions by Account (06/23/2014 - 8:24 AM) Page 1 G P-4,1' 49 7 City Containers $534.74 Amount $485,61 Solid Waste Management Tax $82,13 rRUx ACCT # MIN Solid Waste Appr {moat Dencrlptien Amount MKInt Tax TOM 1453 - Golf Course 3 yard $30,60 $9,45 $65.05 Mattress $25,00 1454 - Ellison Park 3 yard $40.80 $6.94 $47.74 1455 -West Bridge Park 2yard $20,40 $3,47 $23,87 1456- MoMioatlo3ewasePlant 2yard .$20,40 $3,47 $23,87 1401 Hart Blvd 1456 - Monticello Sewage Plnnt 3 yard $76,51 $13,01 $89,52 1401 krart Blvd 1458 • City Hall 3.3 ynrde $178,52 $35,96 $2 , 505 Walnul St Extra Yd, Trash $3 03 0 1459- Mwrticallo Library 2ynrd $1.73 $11.93 6ih St & Walnut 4458- HI-WayUi unrs 3yard $3.47 $23,87 545 Pino Sl L$2,49 EDA 95 an] trash $1,17 $10,55 IN Broadway 13 65 gal twyclC P1o�e6r Park 3 yard $20,40 9165 rallong AY03M6 P-4,1' 49 7 Xce ner q !Ear0*51BLF an 0ATuBE• NORTHERN STATES POWER COMPANY Pogo 1 &a MAILING ADDRESS ACCOUNT NUMBER MPG MONTICE12EOA 51- Q592`�7$-0 060/2014 5051WALNUCST MONr10ELLO MN 553624821 STATEMENT NUMBER STATEMENT DATE 11 413768130 05/27/2014 $6,07 144 mdhE vA 1;6if I SUMMARY OF CURRENT CHARGES [dabiled charges begln on page 2) Temperature WF Eleade ty Service 05/10/14-05/23/14 0 kWh $7.40 Elecrrfci4SrIIW1€ g; Non-Recurring Charges / Cradits -$133 CR E lecVEclty Cost Sd 54 Currant Charges QUESTIONS ABOUT YOUR Btu? Seenurwebsite: xcelenergy.com Email us at: Customerservice0nelenergy.com Please Nf- 1- BOD401 -4700 Hearing impaired: 1- RON95449 Fax 1- 800 - 311 -00ED Or write us at XCEL ENFRBY PO BOX B EAU CLAIRE WI 54702 -OBOB & XceffinerWf ACCOUNT BALANCE Pr moos Balance As Df 05/10 $17.10 No Payments Received $0.00 Balance Forward $1 7,10 -�. $6.07 g Pending Withdrawal 06/09 $17.10 CR ENTERED V5.07 . -- ,`'�:':. � its; . � �:,' i��. -.. .j•. J, JUN '!. JUN - 2 2014 k ' j F,a ?•inn r,dF €''ri1i.9f Y L. 10 IIErunN wTmv PORTION WITH YOUR FAYMENT • FLPM40 NOT IMSTAPMTAPE MPApErreM ACCOUNT NUMBER I DICE DATE 51- 0582578 -0 1 06/23/2014 � $6.07 1 AEEftati0fl n1 N"Wt Your b111 is paid through an automated bank payment plan- ! a.... ......,4_- -.Timm ` fiTa a 9 10 11 12 13 144 15 16 17 to 19 20 21 AB 01004506 30525 B 25 A 22 .1!4 25 :23 XJ 28 i�[ 11[°°I III nik�il+[. n' I�1911j lI� °I� °kl ° °ailillll°E1[1,[O� ° °[ 29 ., 30.. MONTICELLO EDA 505 WALNUT ST MONTICELLD NN 55362 -8831 [ Kill l°gICIl1111VIIIIIIIIl°r[I I, 1II °1xIT[II°I1111I111[ " °ly'I�1111 XCEL ENERGY P.O. BOX 0477 MPLS PIN 55484 -0477 31 510162314 US92S780 0130!D[1130136070001][InD06N7 )(ceffinergyp Be SocialThis Sprung Like us on Facebook and stay informed on outages, engage in spring and summer promotions, oat rebates and team about special energy efficiency offers and more. ,1Din in today at facehook cam/xcelenergy. Page 2 al a NWUh16AA1]11F.S5 Ab1:0Uf+FrBU7WDER 3 ; . iMW MONTICELLO E OA 505 WALNUT ST MQNfiCplflMN853Ei2Be21 51- 05fi257R STATEIYEraTNUAAE3E11 STAT1rlIl1ENT ATE Demand A13768130 05/27/2014 !S,QY SERVICE ADDRESS., X2 PINE ST MONTICELLO,E1JniiSm NEXT READ DATE: FIIMAL BILL ELECTRICM SERVICE WAILS PREMISES NUMBER. 303547449 INVOICE NUMBER; 0522075537 WOETER !!27701 Reed Dates; 0511 D]9 4~ n51/14 (l8 Days) DESCRIPTION I CURRENT REAL INQ PREVIOUS READING USAGE Total borW 12939 Acual 12539 A"] 0 kWh Demand Actual 0 kW Billable Demand 0 kw trrn Keep Your Maintenance Crews Safe Remind maintenance crews to look up and around to find all overhead electric lines before starting any outdoor work. Always keep a minimum 10 -foot d istance between a worker, equipment use and power lines. liodne maintenance projects can, and have, tamed deadly due to accidental con#actwith an energized line If work must be done closer, call Xcel Energy at 1- 801)4WM to arrange a time for Xcei Energy to make it safe. Wyk X lEsIe yf RESPONSIBLE NY NA 6i 14S1Y14 Bt;S stY Temperature 420 ElaMckykM 00 , Elacuick cost SEfi _allEfflONS ABOUT YOUR BILL? Seenurwabsite: xcelenergy.com Email us at: CustomersenricoGxcelenergy.com Please Call: 1 -B00 -481 -4700 Hearing Impaired: 1- 800. 8954049 Fax: 1400- 311 -8050 Or write us at: XCEL ENERGY PO BOX B EAU CLAIRE WI 54702 -0008 NORTHERN STATES POWER COMPANY Pap 1 of a MAILING AUt1RESS ACCOUNT NUMBER `; `§ '.e-t- 11-2 - fix- �:Y� MONTICELLO EDA 505 WALNUT ST MONTICp10 MN 55362 -8821 51- 059257" 08109/2014 STATEMENT NUMDFR STATEMENT BATE 412070377 05/12/2014 $17.10 SUMMARY Current Charges ACCOUNT BALANCE CHMGES Idatall 04/09114- gin on page zJ im s .r...._ Previous Balance As of Q4/09 $1 .10 Payment Received Check 04/30 Balance Forward Current Charges $17.10 Amount Due $17.111 ENTE En INFORMATION ABOUT YOUR BILL Thank you for your payment OkTU N BOTTOM POirrION W)TH YOUR PAYMENT • POEM 40 NOT IME SrA KKTAPE On PAPER CM �nn�r�F �� 11CCOUHT' NUMBER riui DATE "'°"°'� ..;:= * 9 m - � , � �-, •. , 51- 0592573 -0 06/09/2014 $1710 %sa=tel&Waymw Your hill is paid ikough an aatamated batik payment plan. 7 . 2 d 4 5 6 7 A Iii 11 12 13 14 1s 18 17 SS t8 ZD 21 AB 01 00407510595 B 21 A 22 33 24 25 25 Xl '�IA1 "��elliltlHixl�ll1Pi111�nl III l�141oIlII!!!!Il,i1i�ll�tti,!!s 29 30 XONTICELL0 EUA 505 WALNUT ST MONTICELLO MN 55362 -8931 XCEL ENERGY P.O. BOX 9477 MPLS HN 55484 -9477 91 51060914 U5925780 Q1�nl�oa�]7Z[1f1C1l7 ©IapOZ71B Q XceJEnergY` 41 Be SocialThis Spring Like us on Fwebook and stay informed on outages, engage in spring and summer promotions, get rebates and learn about special energy efficiency offers and more. Join in today at facebaakcoRUhcealanergy. ri r, Paga2or8 MAIIJINQ ADBRESS ACCOUNT NUMBER , DOMM4 U o, MOWTELLO EDA 505 VIALNUT Sr MONTICELLO MN $5362.9921 5i- 059 1011 STATEMENT FR STATRIIIIEW DAT1, 412070377 05/12/2014 $17.10 SERWE ADDRESS: 2111 PINE ST INOKT10ELLa, MN 5B2E2 NEXT READ IDAIE: 06/11/14 ELECTRICITY SERVICE D E<al� ii PRi;MSES NUMBER: 3035447449 INVOICE NUMBER: 0520952341 - - - W mll . 2m Road Di mas: 04/W14- M/10/14 (31 Days) DESCRIPTION I CURRENTHEAUINQ PREVIOUS READING I USAGE Total Energy 12965 Actual 12938 Actual I p kWh demand Aral $0.00 0 k1A1 oillEbla Oemsnd $0.00 Affordability Chrg o &W ELECTRICITY CHARGES RATE: SRm Ilan Svc (Metered) DESCRIPTION USAGE UNITS RATE CHARGE Basic service Chg $10.00 Energy Charge Winter 0 kWh $0.069530 $0.00 Nei Cost Cheri 0 kWh $0.030670 $0.00 Affordability Chrg $0.93 Resource Adjustmont $0.01 Interim hate Adj $0.66 subtotal - - $11.G0 City Fees $5.50 Total $17,10 INFORMATION AB DUC YOUR BILL For an average non - demand customer, 72% of your bill refers to power plant casts, I I % to high voltage line costs, and 17% to the cost of local wires connected to your business. For an average demand - billed summer, 82% of your total bill refers to power plant costs, 10% to high voltage lines, and 8% to the cost of local Wres connected to your business. KeepYoulr Maintenance Crews Safe Remind maintenance crews to look up and around to rind all overhead elwtric lines before storming any ouidoorwork. Always keep a minimum 10 -foot distance haFVreen a worker, equipment use and pDwer lines. Belli maintenance projects cart, and have, tumedd deadly due to accidental ccowwith an energized line. ltwork must be done closer, call Xcel Energy at 9- 11011-896 to arrange a time for Xcel Energy to make it safe. IEneo RESPONSIBLE BY VATUNE• (WESPIONS AIBOUTYQIll1. BILL? Seeourwebsite: xcelenergy.com T Email us at: CustomerservicaOxcelanorgy.com Please Call: 1- 600-481 -4700 Hearing impaired: 1- 800 - 8954949 Fax 1 -60D- 311 -0050 Or write us at XCELFNERGY P4 BOX 6 PAU CLAIRE Wl 54702 -0006 PREMISES 9UM1MAiff NORTHERN STATES POWER COMPANY Page 1 of MAILINOAODRESS ACCOUNTNUMBER MONTICELLO EDA 505 WALNUT ST STE 1 MONTICELLO MN 5542 -88V 51- 0798481 -0 06/1612014 STATEMENT NUMBER STATEMENT DATE 412945563 05/19/2014 $46,10 ACCIDUUT BALANCE Previous Balance Payment Received Balance Forward Current Charges Amount Dire As of 04/09 L752 n .... . Check 05/1 CH ;56.18 PREMISES NUMBER PREMISES IDENTIFIER PREMFSESDESCRIPTUR CURRENTPAL 302392979 106 EBROADWAY ST LAB AR FA $29,15 303420703 106 E BROADWAY ST FRONT OFFICE $17.03 TutBd 01110V $4y„18 INFORIINATiON ABOUTY0UR (BILL Thank you for your payment RETURN Eor%Ni PanON WITH YOUR PAYMENT • PLUSE 00 NOT LUSrAPV%TAPEOR PAPER CUP$ XceffineiW ACCOUNT NUMBER JDUE DATE , IT 3 4 : o r E 51- 0798481 -0 06/16/2014 $46.16 Ali if *1fOfJ'DdII I= 4y*j t Your hill is paid through anaummatad bank paymantplan. t `..2....3 ..4: S- 5 7 o 9 ve 11 12 13 14 15 .. 17 :16 19 23 21 AV 02 01D524 24647B 87 A-SDGT 22 . 2$ 24: 25 38 27 28 rl[iii11111rj[IrIFG[�illhl °i' ill °Ili'FrrrrrirrlrrlrliallF1'1'rl 20 3e MONTICELLO EDA 506 WALNUT SC STE 1 MONTICELLO HN 55362-8831 [111�'lill'Irii'ir'i° iii' �IirEeFB�IIFF [lFI °iFFFEiOilil�iiF�li °II' XCEL P-NERGY P.O. BOX 9477 MPLS MIS 85484 -9477 31 511061614 0798481U 000000 04U800000004618 No` M xCemner gy RESPIIIISISLE NY NATI[RE• QUESTIONS ABOUT YOUR BILL? seeourwabsite: xcelenergy.com Email us at: Custorrlerselvice�xcelenergy .c0m Call 24 hours a day.7 days a week Please Call: 1- 804-895 -4ffin Hearing Impaired: "00-895A949 EsP001, 1-SOH87 -8778 Or write us at XCEL ENERGY PO Box a EAU CLAIRE WI 54702 -0008 4 7 XceF NORTHERN STATES POWER COMPANY Pete 1 oi4 MIAILINO ADDRESS ACCOUNT NUMBER MEN, MONTICELLO EDA 505 WALNLrr ST STE � MONTICELLO MN 55362 -8822 51- 05173$4 -8 06/2312014 STATEMENT NUMBER STATEMENT [LATE ,la^ , M�Ti' 413763895 05/27/2014 $16.95 SUMMARY OF CURRENT CHARGES [detailed cha rges begin on page 2) Electricity Service 05/08/14 - 05/23/14 1 kWh x,5.70 Nan - Recurring Charges/ Gredits -$0,76 CR Current Charges $44% ACCOUNT BALANCE Previous Balance As Of 05/08 $11.51 No PaymentsTlaceived $0.00 Balance 1=orv4ard V4 '-iz$114 u ----`r slim Current Charges _ $4.94 Amount Due MA5 J.; i 2 2414 ; MUBN BOTTOM PORTION WITH YOISR MYMRNT • KW Oa MMMESCAPLES.TAIT aR P'AM lam& ACCOUNT NUMBER DUE DATE d'. m * �t I 51- 05173U4-8 06/23/2014 Ta4A i rl�rrtrtlla Fymrit Your bill is paid through an eutomatcd bank payment plan. 1 .2. 3 4 5 6 7 8 B 15 11 12 13 14 95 16 17 18 1S 25 21 AB 01 004633 30525 B 25 A 22 EM .24 Zi 28 27 2A rllll @IlI1111,IIr 1111 1111, 11111 rIIIIIffl +1111 -1i11111111r111r1 0 g MONTICELLO EDA 505 WALNUT ST STE 1 MONTICELLO KN 53362 -8831 I I I r�! rlr sl III II I I I h l I1 II xnir Iti III 3 1 1 1 II Ill 11 Ililllllll 1 I] I II II I XCEL ENERGY P.O. BOX 9477 MPLS MN 55484-9477 31 51062314 05173848 0000000044400000001645 Jay :A & XC*18nergye tq Deed to make a payment arrarrgeme"t? Wave made it easier than ever to set up a payment arrangement using our automated phone system. Available 24/7, our automated system is easy t0 use. Just call I-6111114MAIM and press option 2 to get started. Get the Credit You Deserve Pegs 2 of MA1LINBADDRESS AC UNTRUAMER i .. MON TICELLO EDA 505 WALNUT ST STE 1 MONTICELLOMN55s -am 51- 0517384 -8 STATEIAENTNUMBR,R I STATEUI NTDATF 4137MB95 05/27/2014 StM SERVICE ADDRESS: 112 E BROADWAY Sr MUIMCELLO, UK R38 -MI NEXT READ DATE: FIM BILL ELECTRICITY SERVICE DETAILS FREMYSES NUMBER: 303609054 IP1 INQ NUMBER: 052.2&74702 ELECTRICITY CHARGES RATE; Residential Service DESCRIPTION USAGE UNITS RATE CHARGE Basic Samce Cho $4.00 Energy Charge Winter 1 kWh $0.073930 $0.07 Fuel Cost Charge 1 kWh $0.028640 $0.03 Affordability Chrg $0.36 Resource Adjustment $0.00 Interim Hato Adj $0.25 Subtotal $4„72 City Fees $0.98 Total $5.76 NON-RECURRING CHARGES / CREDITS DETAILS DESCRIPTION CHARGE MN STATE TAXHI;I-UND premise -#303608854 -$0.76 CR Total ,;0.76 CR INFORMATION ABOUT BILT. This is your final Bill, For an average residential customer, 55% of your hill refers to power plant costs, 9% to high voltage line costs and 36% to the cost of local wires that are connected to your home. Save 15% from June through September with Saver's Switch; ®. ,loin a half million customers and get a free Savers Switch this summer. On a few hotdays, Saver's Wtch will seamlessly cyan your AC on and off in short int t for a few hours. Your fan keeps circulating your inside air so you stay cool, You'll get it and forget it, but your October credit will be a cool reminder. Enroll at xc@1enargy.cem/8Wsr$Switch or call 'I- 11404 E -4959. Accounts Payable Transactions by Account User: Ann.Zimmerman Printed: 06/23/2014 - 8:34AM Batch: 00206.06.2014 Account Number Vendor CITY OF �/� 0 Description GL Date Check No Amount PO No 213 - 46301 - 430300 WSB & ASSOCIATES INC Economic Development & Market Ma 06/24/2014 0 4,000.00 Vendor Subtotal for Dept:46301 4,000.00 213-46301-431990 HARRY LANTTO 6/11/14 EDA meeting recording 06/24/2014 0 50.00 Vendor Subtotal for Dept:46301 50.00 213 - 46522 - 438300 CENTERPOINT ENERGY MGFARM - 9739641 -0 06/24/2014 112443 19.39 213 - 46522 - 438300 CENTERPOINT ENERGY MGFARM - 9739645 -1 06/24/2014 112443 12.60 213 - 46522 - 438300 CENTERPOINT ENERGY MGFARM - 9429449 -3 06/24/2014 112443 13.27 213 - 46522 - 438300 CENTERPOINT ENERGY utx - MGFARM - 9429448 -5 06/24/2014 112443 35.69 213 - 46522 - 438300 CENTERPOINT ENERGY utx - MGFARM - 9429450 -1 06/24/2014 112443 64.03 Vendor Subtotal for Dept:46522 144.98 Subtotal for Fund: 213 4,194.98 Report Total: 4,194.98 The preceding list of bills payable was reviewed and approved for payment. Date: 7/9/14 Approved by: Tracy Hinz, Treasurer AP- Transactions by Account (06/23/2014 - 8:34 AM) Page 1 A (�f r r SB & assocraees, rnc. engineering • plannillg • 017*onrnenfal • cOOUIctlon 701 Xenia Avenue South Suite 300 City of Monticello May 28, 2014 Minneapolis, MN 55416 Attn: Wayne Oberg, Finance Director Project No: 01494 -720 Tel: (763) 541 -4800 505 Walnut Street, Suite 1 Invoice No: 10 Pax: (79)�41 =1700 Monticello, MN 55362 -8831 _ - -• x„ Economic Development & Market Matching Professional Services from April 01 2014 to April 30, 20'14 =` i ON �" � 2014 -- -- -- — — _ — - Phase 01 2013 -2014 Fee Total Fee 40,000.00 Percent Complete 100.00 Total Earned 40,000.00 Previous Fee Billing 36,000.00 Current Fee Billing 4,000,00 Total Fee 4,000,00 Total this Phase $4,000.00 Total this Invoice $4,000.00 Comments: Approved by: Reviewed by: Bret Weiss Project Manager: John Uphoff St. Cloud • Minneapolis • St. Paul Equal Opportunity Employer wsbong,com CHECK REQUEST JUN i 2 2014 FROM: Ditty Baltos, Community Center Director CHECK AMOUNT: L 6 A �5 6 '"NUKED REQUEST DATE: Cheep to: Harry T. Lantto Vendor #1 907 — 2nd Ave S Buffalo, MN 5533 Meetine Worked: Planning Commission EDA Meeting Other Total Due: Planning Commission: EDA Other Authorized by: Date i? i Time *�, Z5 Amount Due - Date qd Time Amount Due - o Date Time op TIME SHEETS ATTACHED Amount Due- Date. Date L1414 * *Please return to KITTY for forwarding" MONTICELLO COMMUNITY CENTER TIME SHEET Employee Name HARRY LANTTO Position PUBLIC MEETING RECORDER - CONTRACT DATE TIME IN TIME OUT, Hours Worked Meeting r = =.. ,. Wit 31 -7 P/4 Meeting Pam $50 for first 3 hours Agreement: $10 per hour for every hour after MEETING RECORDER: Harry T. L tto DATE: AUTHORIZED BY: DATE: GenterPolnt® - Energy Always There® 88*1115SLOR COMMENTS? 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 CenterPointEnergy. com DID YOU KNOW? This Is your final bill at this location. Please pay all amounts now due. Pay your next bill without lifting a finger. To enroll in Automatic Bank Draft, just sign and date the back of your bill stub and return to us with a check for your payment amount. It's that easyl Gas Usage In THM ! Dally Average Temperature Keep hill. this pan of your Customer name CITY OF MONTICELLO ANGELA SCHUMAN Account number 9739641 -0 Billing date 06102/2014 Date due 06180!2014 Total amount due $19.39 ACCT SUMMARY Gas-!charges Previous balance t _ _ {; j; $15 °06 Payment 0511512014 k`' `: :r `.E _ 15.06 Balance forward t $ 0.00 Current billing _ r 19 39 Total amount due ' i j' '.- ' $19.39 SERVICE ADDRESS • .. z.. .... r �� 1 100 E Broadway St ,' . }, : ' - i ...t . � . I ; Tj 1 l Monticello MN 55362 -9321 , ••,..; t €' 1. • •+,. ; .' r •' 7 _. . . . ....... . ..___.:..q..... °.. 1. YOUR CAS USAGE Meter # M19802312729 31 Day billing period 04/29/2014 to 05/30/2014 Current reading 05130/2014 318 Previous reading 04/29/2014 308 Metered Usage 10 CCF X Therm factor of 1.02960 = Therms used In 31 days = 10 YOUR BILL IN DETAIL Basic charge Delivery charge 10 therms @ $0.153391THIM Decoupling adjustment 10 therms @-$0.02142/THM Gas Affordability PRG 10 therms @ $0.004901THM Cost of gas" 10 therms a@ $0.510001THM "Includes a purchased gas adjustment of $0.00245 Interim rate adjustment 76 (Basic Chg + ($12.0000 *therms)) *4.88000% Monthly Gas Usage! dally Average Temperature — Total current charges Avg dully gas use: This period [his yr 0.3 THM; this period last yr 0.0 THM Ce lrt. � Eiterg y, Always There.' CENTERPOINT ENERGY PO BOX 1144 MINNEAPOLIS MN 55440-1144 Com /Ind Firm Rate $12.00 1.53 -0.21 0.05 5.10 0.92 $19.39 Page 1 of 1 Avg daily temp. This period this yr 60 °F; tills period I" yr 41 IF Mal this portion with payment- Please do not include letters or notes. Account number 9739641 -0 Date due 0613012014 Total amount due $19,39 Amount paid $ CENTERPOINT ENERGY PO BOX 4671 HOUSTON TX 77210 -4671 T' elrllll�lf�illlllr�lrllll�iulfil 'Ilrnl'�III��I'lll�'I��II�I'I� 00019802 01 AV 0371111 CITY of MONTICELLO ANGELA SCHUMAN 505 WALNUT ST STE 1 MONTICELLO, MN 55362 -8822 ' °lull'�tl° mill 'Lllllhrllhllrlrlllrlr�lll'lj °Ili!' °l'IIIIII � 0800079174689 0072000009739641020000000193900001 0019897B CenterPoint® -Energy Always There! QUESIOtVJ�011 COMMENTS? 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 CenterPointEnergy.com SERVICE ADDRESS i 106 E Broadway St _ .....j.�'..:: Monticello MN 55362- 9321' DID YOU KNOW? YOUR OAS USAGE ., , Customer name CITY OF MONTICELLO ANGELA SCHUMAN Account number 9738645 -1 Billing date 06/02/2014 Date due 06/3012014 Total amount due $12.60 ACCT SUMMARY : °.^ - :,Gas charges Previous balance' ' ` l , :•, $12.59 Payment 05115/2014 12.59 Balance forward $ 0.00 Current billing ?' i F' 12.60 Total amount due NIA, t' UUM 204 k' ° s1 7.fa SERVICE ADDRESS i 106 E Broadway St _ .....j.�'..:: Monticello MN 55362- 9321' DID YOU KNOW? YOUR OAS USAGE Meter # M19802312709 Account number 9739645 -1 31 Day billing period 04/29/2014 to 05/3012014 This is your final bill at this Current reading 0513012014 2364 location. Please pay all amounts Previous reading 04/2912014 2364 now due. Metered Usage 4 CCF XTherm factor of 1.02050 = Therms used in 31 days= 0 Pay your next bill without lifting YOUR BILL IN DETAIL Corn/Ind Firm Rate a finger. To enroll in Automatic Basic charge $12,00 Bank Draft, just sign and date the De charge Dec oupl oupling adjustment 0,00 0,00 back of your bill stub and return to Gas Affordability PRG 0100 us with a check for your payment Interim rate adjustment 0.60 amount. it's that easy[ (Basic Chg + ($12.0000 *therms)) *4.88000% 0.d Gas Usage in THM I Daily Average Temperature 76 Total current charges 70 66 66 62 42 30 28 28 14 13 0 0 TFllayJunJuiAugSoptJctNovnacJenFabMarAprMay ,F 2013 !T4 MonlhlyGasUsagel Daily Average Temperature — $12.60 Avg dally gas use: This period Itrls yr 0.0 THM; this period Last yr 7.0 THM Page 1 of 1 Avg daily temp: This period this yr 58 °F; this period Iasi yr 41 °F Centl`El'poin%, Mal this portion with payment. Please do not include letters or notes. Energy Account number 9739645 -1 Always There Date due 06130/2014 Total amount due $12.60 CENTERPOINT ENERGY Amount paid $ PO BOX 1144 MINNEAPOLIS MN 55440 -1944 CENTERPOINT ENERGY PO BOX 4671 m°n HOUSTON TX 77210 -4671 1 r II° IIIltlrllllllli�111111�urIIII 'II "'I'III111I1'IIII'II111II'll 00019806 D1 AV 0.378 1 CITY OF MONTICELLO ANGELA SCHUMAN 506 WALNUT ST STE 1 ® MONTICELLO, MN 55362 -8822 II'I °III° 111111 °�lul °I'III'IIIIIIt111 °111111 °111111 °IIII'111'II° 0800079174697 007200000973964512000000012600000000126070 Centerpoint® .do. Energy Always There,,- FILIAL BILL — QUESTIONS OR COMMENTS? 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 CenterPo#ntEnergy.com DID YOU KNOW? This is your final bill at this location. Please pay all amounts now due. Pay your next bill without liking a finger. To enroll in Automatic Bank Draft, just sign and date the back of your bill stub and return to us with a check for your payment amount. It's that easy! �A Gas Usage in THM 1 Daily Average Temperature Customer name THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT Account number 9429449 -3 Billing date 06/02/2014 Date due 06/3012014 Total amount due $ '13.27 ACCT SUMMARY charges Previous balance $12.59 Payment 05/15/2014 -12.59 Balance forward { JUN 6 $ 0.00 Current billing 2014 1;, 13.27 Total amount due 7 $13.27 SERVICE ADDRESS 202 Pine St _. Monticello MN 55362 -8565 . YOUR GAS USAGE Meter # M19822312867 31 Day billing period 04/29/2014 to 05130/2014 Current reading 05/30/2014 5487 Previous reading 04/2912014 5486 Metered Usage 1 CCF X Therm factor of 7.02950 - Therms used In 31 days = 1 YOUR BILL IN DETAIL Comlind Firm Rate Basic charge $12.00 Delivery charge 1 therms @ $0.153391THM 0.15 Decoupling adjustment 1 therms @ - $0,02142/THM -0.02 Gas Affordability PRG 1 therms @ $0.004901THM 0.00 Cost of gas* 1 therms @ $0.510001THM 0.51 *includes a purchased gas adjustment of $0.00245 Interim rate adjustment 0.63 78 (Basic Chg + ($12.0000ktherms ))'4.88000% 65 Total current charges $13.27 s2 39 26 13 0 F Monthly Gas Usage Dally Average Temperature — Avg daily gas use; This period this yr 0.0 THM; this poriod last yr 0.0 THM Page 1 of 1 Avg daily temp; This period this yr 68'F; this period last yr 41 IF Ak crent erpoilit Mail this portion with payment. Please do not Include letters or notes. fiyergy Account number 9429449 -3 AtwaysThe°e• Date due 06/30/2014 Total amount due $13.27 CENTERPOINT ENERGY Amount paid $ PO BOX 1144 MINNEAPOLIS MN 554404144 CENTERPOINT ENERGY co PO BOX 4671 HOUSTON Tx 77210 -4671 00019619 01 AV 0.378 1 THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT 505 WALNUT ST _ MONTICELLO, MN 55362 -8821 "� q Illeehl9lltlt)'rlllr'lllf�l�� ell dill "Illfl`�IOOIIIIIIIII�IIre„I ,�.. 0640161099901 0072000009429449300000000132700000 00,92790 Centerpoint® -Energy Always There. FINAL BILL QUESTIONS OR COMMENTS? 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 Conte rP'ointEniergy.com DID YOU KNOW? This is your fin at bill at this location. Please pay all amounts now due. Pay your next bill without lifting a finger. To enroll in Automatic Bank Draft, just sign and date the back of your bill stub and return to us with a check for your payment amount. it's that easyl Gas Usage in THM ! Daily Average Temperature AAA (eap this part of your bill; Customer name THE CITY Or MONTICELLO ECONOMIC DEVELOPMENT Account number 9429448 -5 Billing date 0 610212 01 4 Date due @ $0.153391THM 06/30/2014 Total amount due @ - $0.02142/THM $ 35.69 ACCT SUMMARY @ $0.00490 /THM Gas charges Previous balance @ $0.510001THM $119.50 Payment 05/1512014 r- :,.. _ .. .. ... , _- ., 119.60 Balance forward r !i $ 0 Current billing . . k`I 35.69 Total amount due s4 $35.69 SERVICE ADDRESS i ; (I JUN — 6 2414 206 Pine St ) t . Monticello MN 55362 -8665 ? YOUR GAS USAGE j 5WW ly1 9802312869 31 Day billing period 04/29/2014 to 05130!2014 Current reading 05/3012014 2622 Previous reading 04/29/2014 2589 Metered Usage 33 CCF X Therm factor of 1,M50 = Therms used In 31 days = 34 YOUR BILL IN DETAIL. Com /Ind Firm Rate Basic charge $12,00 Delivery charge 34 therms @ $0.153391THM 5.22 Decoupling adjustment 34 therms @ - $0.02142/THM -0.73 Gas Affordability PRG 34 therms @ $0.00490 /THM 0.17 Cost of gas" 34 therms @ $0.510001THM 17.34 "includes a purchased gas adjustment of $0.00245 Interim rate adjustment 1,69 7s (Basic Chg + ($12.0000'therms)) *4.88000% Monthly Gas Usages Daily Average Temperature - 05 Total current charges $35.69 62 39 28 13 Avg daily gas use: This period this yr 1.1 THM; this period last yr 0.0 THM CenterPoint qww Energy Always There.` CENTERPOINT ENERGY PO BOX 1144 MINNEAPOLIS MN 55440 -1144 Page 1 of 1 Avg dally letup: This period this yr 68 °F; this period last yr 41 IF Mail this portion. with payment. Please donut include letters or notes. Account number Date due Total amount due Amount paid CENTERPOINT ENERGY o PO BOX 4671 zi HOUSTON TX 772104671 "` rlrllll�lrll!!Illlltrlllllull ell '!I "'I'IlIIIIII'illl'lIIIII!'ll 00019620 01 AV 0.378 1 9429448 -5 06/30/2014 $ 35.69 THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT 505 WALNUT ST MONTICELLO, MN 56362 -8821 !' Ill��ll! rllll!!!! I! lrl�lrl�urll !!Illlrgrr!l�Irllo ►I111!'dll' 0640161099893 D07200 0009429448580000 [10035690000000356900 - Enrrter.Point® -Energy Always There.- FINAL BILL QUESTIONS OR COMMENTS? OenterPoint 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 -0939 CenterPointEnergy.com Xaep this part of your hill. Customer name THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT Account number 9429450 -1 Billing date 06/02/2014 Date due 06/3012014 Total amount due $ 64.03 ACCT SUMMARY Gps charges Previous balance ....� "q ..r.... <. ,. ,i; $145.56 Payment 05/15/2014 1 - 145.56 Current billing �� 9n1 I;.: • ,` 64.03 Total amount due �� ;I � .., � 0. °- ,I $64.03 SERVICE ADDRESS 112 E Broadway St Monticello MN 55362 -4654' - DIDYOU KNOW? YOUR GAS USAGE Meter # M19909103467 31 Day billing period 04/2912014 to 05/30/2014 This is your final bill at this Current reading 05/30/2014 5227 location. Please pay all amounts Previous reading 04/29/2014 5163 now due. Metered Usage 64 CCF X Themi factor of 1.02950 = Therms used in 31 days 66 Pay your next bill without lifting a finger. To enroll in Automatic Bank Draft, just sign and date the back of your bill stub and return to us with a check for your payment amount. It's that easy! Gas Usage In THM J Daily Average Temperature 372 319 248 186 124 62 2013 2014 Monthly Gas usage Daily Average Temperature -- YOUR BILL IN DETAIL Basic charge Delivery charge 66 therms @ $0,150811THM Decoupling adjustment 66 therms @ - $0.01392JTHM Gas Affordability PRG 66 therms @ $0.00490JTHM Cost of gas* 66 therms @ $0.51015JTHM *includes a purchased gas adjustment of $0.00245 Interim rate adjustment 78 (Basic Chg + ($10,0000 "therms)) "4.88000% 65 Total current charges 62 39 26 13 0 Avg daily gas use This period this yr 2,1 THM, this period lastyr 7.9 THM — G1P011If. Enei � Energy Always There` CENTERPOINT ENERGY PO BOX 1144 MINNEAPOLIS MN 55440 -1144 Com /Ind Firm Rate $18.00 9.95 -0.92 0.32 33,67 3.01 $64.03 Page 1 of 1 Avg daily temp; This period this yr 56 °F; this period last yr 41 IF Mall this portion with payment. Please do not include letters or notes. Account number 9429450 -1 Date: due 06130/2014 Total amount due $ 64.03 Amount paid $ CENTERPOINT ENERGY PO BOX 4671 HOUSTON TX 77210 -4671 tltlllltlelllllllrlltll 1111111111 °ll° fill 1Illllll'llll'll�ll�l °I� 0001962101 AV 0.3781 THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT 505 WALNUT ST MONTICELLO. MN 55362 -8821 t_ I"II'I' 1111' IIIIIII IIIIIIIIII I' Jill I'I1111(�ltflelrttll "I "Ill! OL40161099919 007 2000009429490100 00000OL4030000C3006403.90 EDA Agenda - 07/09/14 5. Consideration to adopt resolution 2014 -067, Approving the Return of Tax Increments from Tax Increment Financing District No. 1 -22 to Wright County. (AS/WO /Northland) A. REFERENCE AND BACKGROUND: The EDA is asked to review for adoption a resolution approving the return of excess increment from TIF District 1 -22. The EDA previously received a report and summary related to this item in March of 2014. As the 2013 financial statements are now complete, the EDA is asked to take official action to return the excess tax increment in the district to Wright County in accordance with statutes governing pooling limitations for tax increment financing districts. The EDA may recall that the statute requires that the EDA return excess increment to Wright County for redistribution. In relationship to TIF District 1 -22, excess increment is the increment that has not been obligated within the first five years of the district and is not available for pooling. The amount of excess increment to be returned has been calculated at $595,959, including 2013 increment. Once the increment is returned to Wright County, the county will then distribute the funds back to the district's taxing jurisdictions based on a proportional rate. These funds are directed to the City and their use is determined by the City Council, as the funds are no longer considered tax increment. From this point forward, the EDA will return excess increment on an annual basis to Wright County. A background memo related to this item was prepared for the March item and is again included for reference, with relevant information highlighted. Also included is a table illustrating the calculations for the return of increment over the life of the district. As a final note, the EDA has acted previously to keep TIF District 1 -22 intact, allowing it to continue to generate increment until its required decertification date. This approach provides the EDA with the maximum amount of financial resources through pooling of the increment. A maximum of 25% of increment is available through pooling for supporting the EDA's redevelopment goals in the district. B. ALTERNATIVE ACTIONS: 1. Motion to adopt Resolution 2014 -067, approving the Return of Tax Increments from Tax Increment Financing District No. 1 -22 to Wright County. 2. Motion of other. C. STAFF RECOMMENDATION: Staff recommends alternative 1 above. This action is required to comply with statutes which govern the use of tax increment. D. SUPPORTING DATA: A. Resolution 2014 -067 B. Northland Securities Memo, RE: TIF 1 -22, dated March 3rd, 2014 C. Table A, Source and Use of Funds and Excess Tax Increment D. Information Reference on Excess Increment, Office of State Auditor 2 CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 2014-067 RESOLUTION APPROVING RETURN OF TAX INCREMENTS FROM TAX INCREMENT FINANCING DISTRICT NO. 1-22 TO WRIGHT COUNTY 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 469.1794, 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 WHEREA, on June 30, 1997 the County of Wright (the "County ") certified the District; and WHEREAS, the Authority has completed an analysis of financial activity for the TIF District to confirm compliance with the TIF Act; and WHEREAS, Authority has determined there to be excess tax increments in the account for the TIF District, pursuant to Minnesota Statutes Section 469.1763, Subdivision 4. NOW, THEREFORE, BE IT RESOLVED, by the City of Monticello Economic Development Authority as follows: The Community Development Director is authorized and directed to return $595,959 of excess tax increments in the account for Tax Increment Financing District No. 1 -22 to Wright County for redistribution to the City of Monticello, Wright County, and Independent School District No. 882, pursuant to Minnesota Statutes 469.176, Subdivision 2. Approved by the City of Monticello Economic Development Authority this 9th day of July, 2014. President ATTEST: Secretary NORTHLAND STRATEGIES Special Projects Group ►I ►I NTIMI UTIff] ►I To: Angela Schumann, Community Development Director Wayne Oberg, Finance Director From: Tammy Omdal Date: March 3, 2014 Re: Tax Increment Financing (TIF) District No. 1 -22 The purpose of this memorandum is to provide information concerning the on -going management of TIF District No. 1 -22 (the "District "). Northland has completed a review of preliminary (unaudited) 2013 expenditures and revenues for the District and a review of the 2012 TIF Report for the District prepared and submitted by the City to the State Auditor's Office. The purpose of the analysis was to address the following three items and offer conclusions: 1. Determine the estimated amount of funds that will be available from the District to be spent on project costs within the boundaries of the Central Monticello Redevelopment Project. - Based on current estimates for revenue and expenditures, including administrative costs, the District is estimated to generate an additional $797,755 in tax increment revenue that will be available to be spent on eligible (new) project costs within the boundaries of the Redevelopment Project. The source of funds will come from tax increment available under pooling authority (limited to 25% of tax increment) and from tax increment not derived from property (i.e., lease revenue, land sale proceeds, interest income, etc.). 2. Identify actions required by the EDA to provide the authority for the expenditure of funds on project costs. - In order to capitalize the estimated cash flow of future tax increment funds (available under pooling authority and tax increment not derived from property), the EDA will need to authorize an interfund loan to the District. The par amount of the interfund loan will equal the estimated amount of future tax increment available for project costs, which is estimated at $797,755. Repayment of the interfund loan will be made semi - annually from available tax increment. Northland Securities, Inc. 45 South 7th Street, Suite 2000, Minneapolis, MN 55402 Toll Free 1- 200 - 851 -2920 Main 612 -851 -5900 www.northlandsecurities.com Member FINRA and SIPC Tax Increment Financing March 3, 2014 Page 2 3. Identify amount and timing of return of excess tax increment to the County for redistribution to the local taxing jurisdictions (city, county, school district). - As previously estimated, the District will generate excess tax increment that will need to be returned to the County for redistribution. Over the life of the district the estimated amount of excess tax increment to be returned is approximately $2,364,000. This amount assumes the EDA acts to pool an estimated approximate $340,000 of future tax increment to pay for qualified housing project costs versus returning the funds as excess increment. If the EDA does not take future actions to authorize pooling for qualified housing project costs, then the annual increment that otherwise could be pooled for housing purposes will need to be returned to the County as excess tax increment. In compliance with the statute that governs the use of tax increment, each year the EDA must calculate the amount of excess tax increment and return the balance to the County. The balance of excess increment is not available to be spent or to provide a source of temporary cash flow for project costs. The EDA must return excess increment within nine months after the end of the year. Explanation of TI F Fund Balance As shown in Table A on the next page, based on preliminary 2013 (unaudited) revenues and expenditures reported for the District, the City reports an estimated fund balance for the District as of December 31, 2013 of $624,252. The majority of the year end 2013 fund balance, or $595,959, is not available for expenditure and will need to be returned to the County in 2014 as excess tax increment for redistribution to the local taxing jurisdictions. There is an estimated $28,294 of increment available to the EDA within the District for future (new) project spending at the end of 2013. The total amount of estimated tax increment to be generated and available for project costs, generated between years 2014 and 2024, is the $797,755. The source of funds comes from estimated future pooled tax increment and tax increment not derived from property. The EDA may act to capitalize the future flow of these funds through the authorization of an interfund loan to the District. Interfund TIF Loan An interfund loan resolution has been prepared for consideration by the EDA. The resolution will allow for the payment of project costs, up to a maximum principal amount of $800,000 (or, if less, the amount actually paid for project costs) to be financed on a temporary basis from the EDA's General Fund, EDA operating budget or any other fund from which such advances may be legally made. The EDA will reimburse itself for the payment of project costs, plus interest thereon, from available tax increment from the District. The repayment of the loan is limited to the actual amount of tax increment that is generated and available for repayment of the loan plus interest. Restrictions on pooling and the five -year and sixth -year rules in the statutes governing the use of tax increments limit the amount of tax increment available for repayment of the proposed interfund loan to 25 percent (or less, if other in- district expenditures are greater) of the total semi - annual revenue derived from tax increments paid by properties in the district. Tax Increment Financing March 3, 2014 Page 3 TABLE A Tax Increment Financing District No. 1 -22 Source and Use of Funds and Ending TIF Fund Balance Estimated Restated Prior Estimated Total Life of Years (As of Year 2013 Years 2014 District, as of End 201 1) 2012 (Unaudited) through 2024 Year End 2024 TIF revenue $5,155,479 $458,232 $357,790 $3,894,264 $9,865,765 Less use of funds (including administration costs) $3,283,708 $1,583,103 $437,875 $850,318 $6,155,004 Less return of excess increment to County $42,563 $0 $2,322,194 $2,364,757 Net source of funds $1,871,771 ($1,167,434) ($80,085) $721,752 $1,346,004 Beginning Fund Balance $0 $1,871,771 $704,337 $624,252 $0 Increase (decrease) in fund balance $1,871,771 ($1,167,434) ($80,085) $721,752 $1,346,004 Ending TIF Fund Balance $1,871,771 $704,337 $624,252 $1,346,004 $1,346,004 Explanation of Ending TIF Fund Balance: Excess to be returned to County for redistribution $182,548 $401,416 $595,959 $207,598 $207,598 Available for housing, if so approved by EDA $0 $0 $0 $340,652 $340,652 Subtotal of Excess Increment $182,548 $401,416 $595,959 $548,250 $548,250 Available under 25% pooling limitation $371,007 $293,384 $1,618 $623,987 $623,987 Available TIF not derived from property $1,318,216 $9,538 $26,676 $173,768 $173,768 Subtotal of Increment Available for Project Spending $1,689,223 $302,922 $28,294 $797,755 $797,755 Total Ending TIF Fund Balance $1,871,771 $704,337 $624,252 $1,346,004 $1,346,004 Notes: The City made adjustments to prior year reported revenue and expenses to remove non -tax increment revenues and expenditures that were previously accounted for in TIF District No. 1-22. The revenue and expenses were reclassified to the EDA General Fund. The net adjustment to year end 2011 fund balance for TIF District No. 1 -22 is as follows: Year End 2011 TIF Fund Balance for TIF District No. 1 -22, as originally reported to the EDA at end of FY 2011 $2,977,512 Adjustment to revenues (includes $2,150,000 restatement of bond proceeds)' ($3,255,741) Adjustment to expenses (for bond principal payments) ($2,150,000) Net Total Adj ustment2 ($1,105,741) Restated Year End 2011 TIF Fund Balance $1,871,771 ' This does not include anytax increment revenue derived from property or tax increment derived from other sources. 2 TIF District No. 1 -22 fund balance decreased bythis amount and the EDA General Fund fund balance increased by this amount. TABLE A Tax Increment Financing District No. 1 -22 Source and Use of Funds and Excess Tax Increment Prior Years (As Estimated Years Estimated Total of Year End 2015 through Life of District, as 2013) 2014 2024 of Year End 2024 TIF revenue $5,971,501 $354,739 $3,539,525 $9,865,765 Less use of funds (including administration costs) $5,304,686 $106,378 $743,940 $6,155,004 Less return of excess increment to County $42,563 $595,959 $1,726,236 $2,364,757 Net source of funds $624,252 ($347,598) $1,069,350 $1,346,004 Estimated redistribution of future excess increment to taxina iurisdictions: City $15,950 $223,325 $646,877 $886,152 County $16,714 $234,031 $677,888 $928,634 School $9,899 $138,602 $401,470 $549,971 Total $42,563 $595,959 $1,726,236 $2,364,757 Estimated averaae annual redistribution of excess increment for ten vear Deriod between vears 2015 -2024: City $64,688 37.5% County $67,789 39.3% School $40,147 23.3% Total $172,624 100.0% NORTHLAND STRATEGIES Special Projects Group From March 24, 2014, Presentation to City of Monticello City Council 10 6/18/2014 Reviewed: September 2013 2007-3003 Revised: September 2013 This Statement of Position is not legal advice and is subject to revision. An Equal Opportunity Employer Statement of Position Redistribution of Tax Increment The Tax Increment Financing (TIF) Act requires that tax increment be returned to the county for redistribution (i) when TIF expenditures are made in violation of the TIF Act; (ii) when tax increment generated exceeds the total costs authorized for expenditure in a district’s TIF plan; or (iii) when tax increment has been distributed after the maximum duration limit of a TIF district.1 Improper Expenditure of Tax Increment If an authority expends tax increment for a purpose not permitted under the TIF Act, because (i) tax increment was collected from a property that did not qualify for inclusion or retention in a TIF district, (ii) tax increment was expended for a non-qualifying purpose, or (iii) tax increment was expended on activities outside the geographic area authorized, the authority or the municipality must pay to the county auditor an amount equal to the expenditures made in violation of the law.2 When tax increment is returned to the county in which a development authority is located, the county auditor redistributes the tax increment to the city or town, county, and school district in direct proportion to their respective local tax rates for the year in which the redistribution is to be made.3 Special taxing districts are not included in the redistribution. If the county auditor receives the payment from a municipality before 60 days have passed since a municipality’s receipt of the state auditor’s notification of noncompliance requiring payment and before commencement of legal action by the county attorney to compel payment, the municipality will receive its proportional share when the county auditor redistributes the money. If the payment is not made within the time required, the municipality will not be included in the redistribution.4 1 Minn. Stat. §§ 469.174 - .1794, inclusive, as amended. 2 Minn. Stat. § 469.1771, subd. 3. 3 Minn. Stat. § 469.176, subd. 2(c) (4). 4 Minn. Stat. § 469.1771, subd. 5(a). REBECCA OTTO STATE AUDITOR STATE OF MINNESOTA OFFICE OF THE STATE AUDITOR SUITE 500 525 PARK STREET SAINT PAUL, MN 55103-2139 (651) 296-2551 (Voice) (651) 296-4755 (Fax) state.auditor@osa.state.mn.us (E-mail) 1-800-627-3529 (Relay Service) Reviewed: September 2013 2007-3003 Revised: September 2013 2 Excess Tax Increment When the amount of tax increment generated by a district exceeds the total costs authorized for expenditure in a district’s TIF plan, it becomes excess increment.5 The TIF Act limits how this excess increment can be used. It can be used 1) to prepay any outstanding bonds; 2) to discharge the pledge of tax increment for any outstanding bonds; 3) to pay into an escrow account dedicated to the payment of any outstanding bonds; or 4) it can be returned to the county for redistribution.6 In this context, the term, “outstanding bonds,” is limited to mean “bonds which are secured by increments from the district.”7 Excess tax increment exists in any year in which tax increment remains after a TIF district has sufficient funds to pay all debt obligations and other financial commitments authorized by its TIF plan for the life of the district. 8 Authorities are to determine annually the amount of excess increment as of December 31 of the year. The determination must be based on the TIF plan in effect on December 31 and on the increments and other revenues received as of December 31 of that year. The authority must return the excess increments to the county auditor within nine months (by September 30).9 If excess tax increment is expended on activities other than those related to repayment of bonds as enumerated above, the authority or the municipality must pay to the county auditor an amount equal to the expenditures made in violation of the law. The county auditor is responsible for distributing the excess tax increment to the municipality, county, and school district in which the TIF district is located.10 After the county auditor distributes the money in direct proportion to the local tax rates of the municipality, county, and school district, the county auditor must report the amount of any excess tax increment distributed to a school district to the Commissioner of Education within 30 days of the distribution.11 Tax Increment Obtained After Maximum Duration Limit If the county auditor distributes tax increments to an authority for a TIF district (i) after the maximum duration limit for the district, or (ii) from delinquent property taxes paid on 5 See Minn. Stat. § 469.176, subd. 2 (excess increment). 6 Minn. Stat. § 469.176, subd. 2(c). 7 Minn. Stat. § 469.176, subd. 2(c) and (f). 8 Excess tax increment should not be confused with excess taxes: they are two different concepts. The redistribution of excess tax increment refers to properly determined tax increment that exceeds the amount authorized for expenditure. Excess taxes are the amount of taxes attributable to the current tax rate being greater than the original local tax rate. The formula for distribution of excess taxes takes into account the extent to which a jurisdiction’s rates are creating the excess. See Minn. Stat. § 469.177, subd. 9. 9 Minn. Stat. § 469.176, subd. 2(a). 10 Minn. Stat. § 469.176, subd. 2(c) (4). 11 Minn. Stat. § 469.176, subd. 2(e). Reviewed: September 2013 2007-3003 Revised: September 2013 3 a parcel in a TIF district, but the tax increment is received after decertification of the district and after all its outstanding obligations have been paid, the authority must return the tax increment to the county auditor for redistribution. If delinquent property taxes have been collected after decertification of a district and if there are no outstanding TIF obligations in that district, the delinquent property taxes are regular property taxes, not excess tax increment and not excess taxes. They must be distributed in the same way as all property taxes are distributed in the county. To the extent that nonpayment of property taxes on a parcel in the district caused a municipality or other TIF authority to pay a district’s outstanding bonds or contractual obligations from sources other than tax increment or to not pay them at all, payments of the delinquent property taxes are tax increment.12 Municipalities and other TIF authorities must be reimbursed by the county auditor from the payments made for delinquent taxes in an amount sufficient to cover the payments that had been made on the bonds and on any other contractual obligation using non-TIF funds, but not more than the amount of the payment for delinquent taxes. This reimbursement by the county auditor using tax increment is unusual in that it allows the use of tax increment to reimburse a municipality for spending non-TIF money on a TIF project.13 The authority must provide the county auditor with information regarding the payment of the outstanding bonds and other contractual obligations and any other information necessary to administer the payment, as requested by the county auditor.14 Disposition of Payments If the authority does not have sufficient tax increment or other available funds to make repayment of the amount expended in violation of the TIF Act, the municipality that approved the TIF district must make the repayment. If funds for repayment are not available, the municipality must levy property taxes. If the payment is made voluntarily and is timely, the redistribution by the county auditor to the local taxing jurisdictions will include payment to the municipality. 15 12 Minn. Stat. § 469.176, subd. 1f. 13 The TIF interfund loan provision, Minn. Stat. § 469.178, subd. 7, does not apply here. 14 Minn. Stat. § 469.176, subd. 1f. 15 Minn. Stat. § 469.1771, subd. 5. EDA Agenda — 07/09/14 6. Consideration of approving a $1,000 membership in the Greater MN Partnership. (JO /AS) A. REFERENCE AND BACKGROUND: The EDA was asked in May to consider membership in the Greater Minnesota Partnership, a nonprofit corporation devoted to advocating for state economic development policies and resources that benefit Greater Minnesota. At the May meeting, the EDA asked for more information on the Greater MN Partnership's efforts on behalf of economic development initiatives for greater Minnesota communities. At the time of this report, Dan Dorman, Executive Director for the Partnership was planning on attending the July meeting for the purpose of providing the additional background and answering the EDA's questions. At the EDA's request, a list of other organization members is also attached for reference. Information from the May staff report is also provided below. The Partnership consists of businesses, chambers of commerce, economic development authorities, cities and nonprofits from throughout Greater Minnesota. The Greater Minnesota partnership's current list of legislative priorities is attached, as well as their membership form. Of recent note, the GMNP has worked on creating several programs that will help entrepreneurs create new companies and also help existing businesses grow and develop. The GMNP helped pass the Greater Minnesota Business Expansion Credit, which allows a sales tax exemption on construction materials for businesses that are growing workforce and may need to expand their facilities within their current locations. GMNP also worked to make the Angel Investor Tax Credit easier to use for Greater Minnesota businesses. To support this effort, the EDA is asked to consider 2014 membership in the amount of $1,000. Al. Budget Impact: The EDA General Fund includes a line item of $10,000 for Dues and Membership expenses. At present, the remaining balance for the item is $7,568.60. As such, funds are available should the EDA wish to proceed with membership. (EDA is also a member of Initiative Foundation at $2,250 and Wright County Economic Development Partnership at $2,432.) A2. Staff Impact: Limited to reviewing status updates and action alerts as needed for the organization. WSB's Market Matching team may also be asked to provide communication coordination with the group on issues important to Monticello's economic development priorities. B. ALTERNATIVE ACTIONS: 1. Motion to approve a $1,000 membership expense for Greater MN Partnership. 2. Motion of other. C. STAFF RECOMMENDATION: Staff recommends alternative 1. The mission and policy positions of this organization are consistent with Monticello's economic development goals. D. SUPPORTING DATA: A. Greater MN Partnership Letter B. Greater MN Partnership 2014 Policy Positions C. 2014 Greater MN Partnership Member List LTA I I I I ATER MN PARTNERSHIP What is the Partnership? The Greater Minnesota Partnership is a public - private nonprofit corporation committed to stimulating economic growth and prosperity in Greater Minnesota. Who should join? Greater Minnesota businesses, chambers of commerce, economic development authorities, nonprofits and cities are all encouraged to join the Partnership. Why join? Membership in the Partnership provides the opportunity to join with other organizations to become an effective voice for Greater Minnesota economic development. Members receive up -to -date information about Partnership initiatives and economic development policy changes being considered at the Capitol, as well as a say in shaping the Partnership's priorities and legislative agenda. Membership Levels Business Membership • Over $50 million in sales: $5,000 • $25 to $50 million in sales: $4,000 • $10 to $25 million in sales: $2,500 • $5 to $10 million in sales: $1,000 • Under $5 million in sales: $500 EDA Membership (Population Served) • Over 40,000: $5,000 • Between 20,000 and 40,000: $2,500 • Between 5,000 and 20,000: $1,000 • Under 5,000: $500 Other memberships, nonprofit funds and sponsorships are variable. Company Information Company/Organization-.— Address: City: State: Main Phone: zip: Contact Information Name: Email: Phone: Membership Level: Please send application and payment to: Greater Minnesota Partnership Attn: Executive Director Dan Dorman 525 Park Street, Suite 470 St. Paul, MN 55103 * Please make checks payable to GMNP Join the Partnership now! Questions? Contact Dan Dorman at (612) 245 -5204 or dan @gmnp.org or visit us online at GMNP.org. Issues I Greater Minnesota Partnership rG-REATER M N P MN PARTNERSHIP ISSUES Phore:651- 225 -8840 Search ... Email: Info@bgmnp.org 2014 Policy Positions Page 1 of 3 9113 IM l ilp To help improve the economic climate and boost greater Minnesota's economic recovery, the GMNP supports the following economic positions in the 2014 Legislative Session. (For the full, printable PDF version of the 2014 Policy Positions, click here.) 1. Greater MN Business Development Public Infrastructure Grant (BDPI) The GMNP supports an annual $10 million, or greater appropriation for the BDPI grant program. 2. Broadband Expansion The GMNP supports expansion of high -speed broadband internet in Greater Minnesota, as rural areas have only about 50 percent of the access to high -speed services compared to the Twin Cities metro area. 3. Corridors of Commerce The GMNP supports $200 million a year for the Corridors of Commerce program, with half of the funding going to Greater Minnesota, as part of a comprehensive transportation package. 4. Greater Minnesota Business Expansion Program The GMNP supports Increasing incentives under the Greater Minnesota Business Expansion Program passed in the 2013 Legislative Session. S. Greater Minnesota New Employees Job Training Program The GMNP supports legislation to enact a more flexible, responsive and business- oriented job training program for Greater Minnesota businesses. 6. Greater Minnesota Angel Investment Tax Credit Expansion The GMNP supports legislation to adjust the angel investment tax credit to provide for a 50 percent tax credit for investors in a qualified small business in Greater Minnesota. 7. Small Business Loan Program The GMNP supports a loan guarantee program to support small business financing. http: / /gmnp.org /issues/ 5/9/2014 Issues ; Greater Minnesota Partnership Page 2 of 3 8. Workforce Housing The GMNP supports efforts to increase access to housing stock in areas where employers are looking to expand. 9. Statewide Business Property Tax The state should offer qualifying businesses under the Greater Minnesota Business Expansion program up to nine years of exemption from the statewide business property tax. 10. Bonding and Infrastructure in Greater Minnesota The next bonding bill should place a high priority on the infrastructure needs in Greater Minnesota. Sponsored by In r4�_- AkER 4nI)f" 1�4 Flaherty & Hood, providing top -notch legal and legislative services to clients in Greater Minnesota. Website Sponsor Recent Tweets The GiMNP B May @the_gmnp President of @NewUlmChamber says "We want a road" and we agree! Here's her letter from the New Ulm Journal: nujournal.com /page /content.d... #GMNP The GMPIP 7 May @the_gmnp MN is bouncing back from the recession better than most states, but long -term joblessness is still a problem. mprnews.org/story/2014/05/... #GMNP V Compose new Tweet... News Let's connect: http: / /gmnp.org /issues/ 5/9/2014 Members I Greater Minnesota Partnership GMNP GF EA ER MN PAR I WRSHIP MEMBERS 2013 -2014 Members Page 1 of 5 Phone: 651-225-8840 Search ... Email: mfoOgmnp.org A, to Board of Directors Staff Membership Albert Lea - Freeborn County Chamber of Commerce Albert Lea Economic Development Agency City of Alexandria Alexandria Area Economic Development Commission Alexandria Technical & Community College Annandale Economic Development Authority APEX Barnesville Economic Development Authority City of Becker Economic Development Authority B.E.S.T. of Waseca County Bioverse, Inc. Bolton & Menk, Inc. Brainerd Economic Development Authority Bremer Bank Cannon Falls Economic Development Authority The Chamber of Fargo, Moorhead & West Fargo http: / /gmnp.org /about/members/ 7/2/2014 Members I Greater Minnesota Partnership Page 2 of 5 Coalition of Greater Minnesota Cities Cook County Chamber of Commerce Detroit Lakes Development Authority Development Corp. of Austin Discover Southwest Minnesota Partnership Duluth Economic Development Authority East Grand Forks Economic Development Authority Ely Economic Development Authority Eveleth Economic Development Authority Fairmont Economic Development Authority Fergus Falls Economic Improvement Commission Flaherty & Hood, P.A. Glencoe Area Chamber of Commerce GO Chamber (Grand Forks & East Grand Forks) Granite Falls Economic Development Authority Greater Bemidji Greater Mankato Growth Hanson Tire Service of Albert Lea, Inc. Headwaters Regional Development Commission Hoyt Lakes Economic Development Authority Huber Supply Company Hutchinson Economic Development Authority Initiative Foundation ITC Midwest Jackson Economic Development Corp. Kraus - Anderson Construction Company Le Sueur Economic Development Authority Luverne Economic Development Authority http: / /gmnp.org /about/members/ 7/2/2014 Members I Greater Minnesota Partnership Page 3 of S Mankato Economic Development Authority Mid - Minnesota Development Commission Minnesota State University - Mankato Strategic Partners National Joint Powers Alliance New Ulm Chamber of Commerce New Ulm Economic Development Authority Northland Foundation Northwest Regional Development Commission Ortonville Economic Development Authority Otter Tail Corporation Otter Tail Power Company Owatonna Area Chamber of Commerce and Tourism Owatonna Partners for Economic Development Pelican Rapids Economic Development Authority Perham Economic Development Authority Pipestone Economic Development Authority Plainview Economic Development Authority PolyMet Red Wing Port Authority Region 9 Development Commission Rochester Area Economic Development, Inc. Sandstone Economic Development Authority Southern Minnesota Initiative Foundation Southwest Initiative Foundation Southwest Regional Development Commission Upper Minnesota Valley Regional Development Commission Valley Truck Viracon Inc. http: / /gmnp.org /about/members/ 7/2/2014 Members I Greater Minnesota Partnership Virginia Economic Development Authority City of Waseca Economic Development Authority West Central Initiative Winona Health Winona Port Authority Worthington Area Chamber of Commerce Worthington Regional Economic Development Corporation Sponsored by Flaherty & Hood, providing top -notch legal and legislative services to clients in Greater Minnesota. Website Sponsor Recent Tweets Dan Dorman 26 Jun @AdmiralD High -Speed Broadband Is Not A Luxury tcbmag.com/Opinion /Column... #gmnp The GMNP 25 Jun @the_gmnp Minnesota ranked 6th in CNBC's "Top States for Business ". report, up 9 spots from last year. mn.gov /deed/newscente... #GMNP Expand V Compose new Tweet... News Issues About Join http: / /gmnp.org /about/members/ Let's connect: Facebook Twitter Linkedln Page 4 of 5 7/2/2014 EDA Agenda: 07/09/14 7. Director's Report. TH 25 /CSAH 75 Improvements and Block 34 The national real estate and development firm who had expressed interest in Block 34 has provided the City with an overview of potential services their firm could offer in relationship to the redevelopment of the City /EDA owned portions of the block. After review of the services outline, staff generated a list of possible alternative actions related to contract services. At present, staff are discussing the merits of each option and hope to have a recommended course of action for the EDA's consideration in August. Monticello Business Center /Otter Creek Staff continues to work with Xcel Energy on the possible use of a property in the Otter Creek business park for a new electric substation. Staff has also been in contact with each of the four businesses currently located in the park (and subject to covenants in the park) to discuss this potential use. Meetings have been arranged with two of the four for the week of July 7th, with the other two pending. The City has received more detailed site plans from Xcel Energy and will be working with the EDA /CC Land Sale & Acquisitions Committee to set a price /SF pending the outcome of meetings with area businesses. Market Matching A special meeting notice has been posted for Monday, July 14th at 6:00 PM for the EDA /CC workshop on the Market Matching contract. Staff has met with WSB to convey the requested contract revisions. A packet of information, including staff report and proposed contract, will be emailed to the EDA next week. Article on Suburban Manufacturing Please click here to access a link to a recent story in the St. Cloud Times. Status of Recent Retail Development Approvals The Monticello ALDI is under construction at the corner of School Boulevard and Cedar Street. Grading work has begun on the Goodwill site located south of Dundas Road along Cedar Street. TAC Updates • River Crossing - A meeting of stakeholders to discuss the regional transportation system has been scheduled for June 24th at 7:00 PM in Big Lake. Mayor Herbst as a member of the Monticello Transportation Advisory Committee and Councilmember EDA Agenda: 07/09/14 Perrault, as appointed member to the Mississippi River Crossing task force, attended on behalf of the City of Monticello. The purpose of this initial workshop was to discuss the proposed process, provide background information, and begin to document stakeholder interests. From there, a series of meetings is planned to enable collaborative planning process to develop a common transportation system vision and high -level plan to reach it. • TH 25 /CSAH 75 — A meeting with the Wright County Transportation Committee has been requested by the City of Monticello for the purpose of presenting and discussing phasing options for the CSAH 75 corridor improvements, including lane configurations and on- street parking options. The meeting has been set for 2:00 PM on the 21St of July. • Fallon Avenue — No update at this time. 2 0 / a { \ \\ 0 F- \\ § w LLI LU i /t &, \ - { 0 { \ 0 LD IL k ) E E [ {} ){ { }\ /- rw %0 \ * \ \\ \� \Z5 E75 \j 50E 0 \\ \\ \\ 0 )3: / : \\ \\ \\ ;f \\ �) \) ) { \ \\ 0 F- \\ O O Y O R U o r G� N N U r N oe •� °1 N E o v a ° c N v o e+ m E y n