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EDA Agenda 11-13-2013EDA MEETING Wednesday, November 13th, 2013 6:00 p.m. Mississippi Room - 505 Walnut Street, Monticello, MN Commissioners: President Bill Demeules, Vice President Bill Tapper, Treasurer Tracy Hinz, Vice Treasurer 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. October 9t'° 2013 — Meeting Minutes 3. Consideration of additional agenda items. 4. Consideration to approve payment of bills. 5. Consideration to adopt Resolution 2013 -095 Adopting a Modification of the Redevelopment Program for Central Monticello Redevelopment Project No. 1 and Adopting a Modification to the Tan Increment Financing Plan for Tan Increment Financing District No. 1 -6. 6. Consideration to proceed with unlawful detainer action for 100 Broadway East. 7. Consideration of Director's Report. 8. Adjourn. MINUTES ECONOMIC DEVELOPMENT AUTHORITY (EDA) MEETING Wednesday, October 9, 2013 - 6:00 p.m., Mississippi Room Present: Bill Demeules, Bill Tapper, Tracy Hinz, Matt Frie, Rod Dragsten, Tom Perrault, Brian Stumpf Absent: None Others: Jeff O’Neill, Wayne Oberg, Angela Schumann, Dan Wilson, Tom Scott, Jim Peterson, Rusty Fifield, Garry Ekegren 1. Call to Order Bill Demeules called the meeting to order at 6:00 p.m. 2. Acceptance of Minutes – August 6th, 2013 Special Meeting Minutes, August 14th, 2013 Regular Meeting Minutes, September 11th, 2013 Regular Meeting Minutes and September 23rd, 2013 Special Meeting Minutes BILL TAPPER MOVED TO ACCEPT THE AUGUST 6TH, 2013 SPECIAL MEETING MINUTES AS CORRECTED. MATT FRIE SECONDED THE MOTION. MOTION CARRIED 7-0. BILL TAPPER MOVED TO ACCEPT THE AUGUST 14TH, 2013 REGULAR MEETING MINUTES AS PRESENTED. BRIAN STUMPF SECONDED THE MOTION. MOTION CARRIED 7-0. MATT FRIE MOVED TO ACCEPT THE SEPTEMBER 11TH, 2013 REGULAR MEETING MINUTES AS PRESENTED. ROD DRAGSTEN SECONDED THE MOTION. MOTION CARRIED 6-0. (Bill Tapper did not vote as he was absent on that date.) TRACY HINZ MOVED TO ACCEPT THE SEPTEMBER 23RD, 2013 SPECIAL MEETING MINUTES AS CORRECTED. BRIAN STUMPF SECONDED THE MOTION. MOTION CARRIED 5-0. (Bill Demeules and Bill Tapper did not vote as each was absent on that date.) 3. Consideration of additional agenda items None 4. Consideration of approving payment of bills BILL TAPPER MOVED TO APPROVE THE PAYMENT OF BILLS THROUGH SEPTEMBER 2013 IN THE AMOUNT OF $19,701.56. MATT FRIE SECONDED THE MOTION. MOTION CARRIED 7-0. EDA Minutes - 10/09/13 2 5. Consideration to proceed with unlawful detainer action for 100 Broadway East Angela Schumann briefly highlighted events that led the EDA to consider legal action related to the property at 100 Broadway East. After 16 months of tenant relocation services, Garry Ekegren had not yet finalized plans for vacating the building and re- establishing his business (The Pizza Factory) at a new location. As a result, the EDA has been unable to move forward with redevelopment goals, as established in the Embracing Downtown Plan, which include preparing the site for demolition and facilitating the construction of intersection improvements at CSAH 75 and TH 25. City Attorney Tom Scott confirmed that the EDA had provided the tenant proper 90-day notice to vacate the space and a 30-day lease termination as was required to initiate unlawful detainer action. Although Ekegren had been working with Jim Peterson from Bullseye Properties to review plans and cost scenarios for buildout at several potential sites, no substantial relocation progress had been made. It was noted that the tenant holdover lease agreement had been previously been extended by two months contingent on a signed lease agreement. Without the signed lease for a new space, the lease for 100 Broadway East expired on October 1st, 2013. Relocation expert Dan Wilson indicated that the precise funding gap between anticipated construction costs for the new space and the relocation benefits for which the tenant would be eligible had not been identified. He said that, although there was a proposal in which the owner of the site would pay for approximately half of the funding gap, Ekegren had struggled to take action without a business plan or financing in place to address the additional costs. Wilson explained that vacating tenants had the option of either receiving a fixed payment based on the average net business income over the past two years or a $20,000 cash payment if opting to go out of business. He noted that the EDA would be responsible for moving the tenant’s personal property and associated storage costs for up to 12 months if a lease agreement was not yet in place upon vacation of the premises. There were, however, some questions about replacing several pieces of equipment that were not code compliant. Ekegren would be eligible for relocation expenses up to 18 months after he vacated the premises. Angela Schumann pointed out that there is currently no City or EDA subsidy program in place to address the funding gap. She suggested that the EDA be cognizant of setting precedent. Peterson stated that Ekegren had been concerned about finding an affordable site for his business and had chosen the proposed location based on his cash flow. He indicated that Ekegren is looking to the EDA for help or ideas in resolving the estimated $40,000 funding gap. EDA Minutes - 10/09/13 3 Ekegren said that he had not looked into obtaining a bank loan to address the funding gap for the new site. Tom Perrault said that he’d prefer that the EDA allow Ekegren one more month to arrange for bank financing to address the funding gap and finalize the relocation process. BILL TAPPER MOVED TO PROCEED WITH ACTION OF UNLAWFUL DETAINER AGAINST THE REMAINING TENANT AT 100 BROADWAY EAST, AS A RESULT OF FAILURE BY THE TENANT TO ENTER INTO AN ALTERNATE LEASE AGREEMENT BY THE REQUIRED DEADLINE OF SEPTEMBER 30, 2013; AND THAT THE EDA PROCEED TO UNLAWFUL DETAINER AFTER A ONE MONTH PERIOD TO ALLOW THE TENANT TIME TO RESOLVE ISSUES RELATED TO A CURRENT RELOCATION OPPORTUNITY AND THAT SHOULD THE TENANT HAVE RESOLVED THE NOTED ISSUES, THE EDA REVISIT THE ACTION TO PROCEED TO UNLAWFUL DETAINER AFTER A ONE MONTH PERIOD. BRIAN STUMPF SECONDED THE MOTION. MOTION CARRIED 5-1 WITH TOM PERRAULT VOTING IN OPPOSITION. (Matt Frie did not vote due to a stated conflict of interest.) 6. Consideration to request that the City Council call for a public hearing on Modifications to the Tax Increment Financing Plan for Tax Increment Financing District No. 1-6 Angela Schumann summarized the proposed modifications to the TIF Plan for TIF District 1-6, which will allow that additional land be authorized for acquisition and will reallocate tax increment expenditures within the budget. These modifications must be made by the district’s year end decertification date. The proposed TIF plan modification supports the adopted 2013 EDA workplan, which places a priority on redevelopment consistent with the Embracing Downtown Plan. The modifications enable increment to be used for acquisitions throughout the Central Monticello Redevelopment Project Area and can also be used to facilitate demolition, site grading, and utility or other site improvements needed to support a redevelopment project. Brian Stumpf asked if it would be an option to loan out increment. Schumann pointed out that increment expenditures must tie back to the general purpose of the district. Rusty Fifield, from Northland Securities, indicated that, as long as there is a plausible reason for retaining increment, and demonstrable progress has been made to move a project forward, it may be reasonable to wait a year or so to expend TIF 1-6 funds. Tracy Hinz noted that it had proven to be a barrier in the past that the EDA did not have property ready for development and wondered if buying property in anticipation of EDA Minutes - 10/09/13 4 development would be a useful strategy. Jeff O’Neill agreed that it was important that the EDA have the flexibility to take action as redevelopment opportunities arise. Bill Tapper pointed out that a small group has been working to create a methodology by which the EDA could facilitate the availability of property rather than purchase it. BILL TAPPER MOVED TO REQUEST THAT THE CITY COUNCIL CALL FOR A PUBLIC HEARING ON A RESOLUTION FOR MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1-6 AND TO DIRECT STAFF TO WORK WITH KENNEDY & GRAVEN AND NORTHLAND SECURITIES TO PREPARE REQUIRED MODIFICATION DOCUMENTATION. MATT FRIE SECONDED THE MOTION. MOTION CARRIED 6- 0. (Brian Stumpf did not vote as he had left to attend a Monticello Orderly Annexation meeting in the township prior to the vote.) 7. Consideration to approve 2014 Wright County Economic Development Partnership annual membership dues The Wright County Economic Development Partnership (WCEDP) recently partnered with WSB’s Market Matching Team for two site selector networking events which provided Monticello direct access to national site selectors. Staff recommended that the EDA approve funding 2014 WCEDP membership dues to ensure that the organization will continue to make connections on behalf of Monticello. BILL TAPPER MOVED TO APPROVE AUTHORIZING PAYMENT IN THE AMOUNT OF $2,431.40 FOR 2014 MEMBERSHIP DUES TO WRIGHT COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP. ROD DRAGSTEN SECONDED THE MOTION. MOTION CARRIED 6-0. 8. Consideration of the Director’s Report Corridors of Commerce – City Council will submit a letter in support of request for inclusion of an I-94 expansion project in the Corridors of Commerce program. Market Matching – Matt Frie noted that the recent WSB Market Matching update was very informative. John Uphoff will provide updates every few months. Block 34 Update – Angela Schumann has an appointment on October 23rd to walk Block 34 with LHB consultants to discuss the scope of redevelopment qualification. Industry of the Year – Suburban Manufacturing was named 2013 Industry of the Year and will be presented with an award at a breakfast event on October 23rd. EDA Minutes - 10/09/13 5 413 4th Street – The buyer decided not to purchase the property. 9. Adjournment TRACY HINZ MOVED TO ADJOURN THE MEETING AT 7:19 P.M. BILL TAPPER SECONDED THE MOTION. MOTION CARRIED 6-0. Recorder: Kerry Burri ___ Approved: Attest: ________________________ Jeff O’Neill, City Administrator EDA Agenda: 11/13/13 4. Consideration of approving payment of bills (WO) A. REFERENCE AND BACKGROUND: Included are the previous month's invoices for approval of payment. B. ALTERNATIVE ACTIONS: 1. Motion to approve payment of bills through October 2013 in the amount of $7,678.53. 2. Motion to approve the registers with changes directed by the EDA. C. STAFF RECOMMENDATION: City staff recommends approval of payment for submitted invoices. D. 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M f�l N 0 N 0 0 c� u A A O 9 q 74% 0 z 0 a, a 0 d C. z .yi d V C O C u d a 0 v i o I a 6 C O o O CO OC 03 00 M M M M M_ i N 0 0 �Ut LV M d' O N �✓1 N N W A� I� �4 4 O b w Q a. a�+ O R O � C] C a o I a 6 C O o O CO OC 03 00 M M M M T T N N O O O O O O O O oc 00 00 00 N vj in � N N in Le) ti C �D 1 N N N N P. o_ 6 N N O c� O .a M_ N O N O O O O = N N W N N N N b w Q a. O O Q O ' A C] a � 0 0 y b y w O q O CO O Y1 pp D N O N W N V1 O o b G V'f h Yl U W U W T T N N O O O O O O O O oc 00 00 00 N vj in � N N in Le) ti C �D 1 N N N N P. o_ 6 N N O c� O .a BERG (Tm P.O. Box 328 Annandale, MN 56302 ATER Shop phone: 320.274 -8656 SERVICES, INC. Fax: 320- 274 -7120 INVOICE TO: ADDRESS:�1r� INVOICE N2 2708 eFULL PMT PARTIAL PMT. CREDIT INVOICE DATE: ," 20_ TERMS: _jZ"D 3E UPON RECEIPT OTHER CHECKS PAYABLE TOIREMITTO: ALBEAG WATER SERVICES P.O. BOX $28 - ANNANDALE, IVIN 55302 CUSTOMER ORDER NO: CITYISTATE/Z1P: ,9 �, )WA) 36� - PURCHASED BY: f MAIL TO: DATE PURCHASED: WORK MATERIALS FURNISHED FOR: �afCC, h(. U*, -ODO,.D q - -�- - QUANTITY: /� � if � �. - '7'- ?>1949d+j2k W,. "4- -V � �f��' /�)� tr---!W A �``A� SEE ADDITIONAL SHEET-PAGE 1 OF_ PAST DUE BALANCES WILL BE SU13JECTTO 1 -112%v MONTHLY INTEREST CHARLES, PAYMENT MUST BE THE FULL AMOUNT OF THE INVOICE TOTAL. MONTHLY ACCOUNT STATEMENTS WILL NOT BE PROVIDED. RESPRNSISLk MY NATURM' AII.Y AVERAGES l get r" Temperature ' ElecirlcirykUVh 44. ElE?atflGlly�eS1 4 � '.�k �' � NQBTFimN STATES Pawm comPANY Page 1 d4 MAILING AUDRESS ACCOUAT HUMBER M MONTICELLO EOA 51- 0623082 -8013 $17.07 505 WALWT' ST 5TE 1 Payment Heceived Check 05/25 71DATC MONTICH.IAMN%3624822 STATEMENT NUMBER STATEM� Please Call: 1- 90041 -4700 crate due to avoid assesstuentaf a late payment charge. 386108633 10/077 Current Charges Iq SUMMARY OF CURRENT CHARGES Idotailed charges begln on page 2} Electricity Service 09/05/13 - 10/06/13 0 kWh $17,07 Current Charges - — - $97.07 Or write us at: XCEL ENERGY 1 PO BOX 8 IN FORMATION ABOUT YOUR BILL EAU CLAIRE WI 54702-000n Different fuel sources are used 10 generate electricity, and they Ilroduce differsntair emissions. For updated environmental information for the year ended 2012, go to: www.xcolonergy.com/MNHates, then go to Additional Resources, Hill Inserts and a� Hrochuros /Inside Your Electric Hill - Environmental Disclosure & Costs. If you don't have internet access, please contact us at 1- 800 -481 -4700 and vue can provide you with this information. Thank you for your payment. Convenience atyour service . Payyour Mils:.elec Eonsr ;ally,.�iFasfi,anfl:.oas�iwith Electronic Funds Transfer. Call us at 1 -so, 4 .j 0,60 s. r;'vi wwvu.xc0lonergy.com. I OCT 1 0 2013 . IlEr14iN AOUGM PORTION Wnli YOnR PAYMENT + KFAUDD NOTUSE srAPt6UMEOR PAPER CUPS Xce ne yo ACCOUNTNUMIIIIi DUE DATE, i 1 51- 0623082 -8 11/01/2013 IMME$17.07 ACCOUNT BALANCE M OUESTIOHS ABOUT YOUR BILL? Previous Balance As of 09/05 $17.07 See.ourwegsite: xcelenergy.com Payment Heceived Check 05/25 - $17,07 CR Email us at: Customerserviceftelenergycom Balance Forward $0.00 Please Call: 1- 90041 -4700 crate due to avoid assesstuentaf a late payment charge. Nearing Impaired: 1800- 895 -4949 Current Charges Iq $17.07 Fax: 1- ODO- 311 -OWO Amoujitl)ut1 �..•�l- � $9707 �. Or write us at: XCEL ENERGY 1 PO BOX 8 IN FORMATION ABOUT YOUR BILL EAU CLAIRE WI 54702-000n Different fuel sources are used 10 generate electricity, and they Ilroduce differsntair emissions. For updated environmental information for the year ended 2012, go to: www.xcolonergy.com/MNHates, then go to Additional Resources, Hill Inserts and a� Hrochuros /Inside Your Electric Hill - Environmental Disclosure & Costs. If you don't have internet access, please contact us at 1- 800 -481 -4700 and vue can provide you with this information. Thank you for your payment. Convenience atyour service . Payyour Mils:.elec Eonsr ;ally,.�iFasfi,anfl:.oas�iwith Electronic Funds Transfer. Call us at 1 -so, 4 .j 0,60 s. r;'vi wwvu.xc0lonergy.com. I OCT 1 0 2013 . IlEr14iN AOUGM PORTION Wnli YOnR PAYMENT + KFAUDD NOTUSE srAPt6UMEOR PAPER CUPS Xce ne yo ACCOUNTNUMIIIIi DUE DATE, i 1 51- 0623082 -8 11/01/2013 IMME$17.07 31 51110123 OLE90828 0000i]OO1707017ClGIC 0017107 Please see the back of this bill forriiore infemotinu M re}furdin0 the late peymeal charge. Payao or bofere the F�W2 crate due to avoid assesstuentaf a late payment charge. Make yourahack payable to XGEI. ENFENY 3 4 5 0 7 8 1 10 11 12 13 14 15 16 AV 01 004697 56093B 21 A**5DGT 17 18 19 20 21 2Z 23 1111Ir11111111111' lllr��lirrli�lir�i�rnllllllirl 24 25 2G 27 28 29 a0 MONTICELLO EOA 505 WALNUT ST STE 1 MONTICELLO MN 55362.8831 ]„III,II��'��III' lull {��r,�l��lj,ll�lll�rl�l �l'��lill,�lll� XCEL ENERGY P,O, BOX 9477 MPI-S MN 55484 -9477 31 51110123 OLE90828 0000i]OO1707017ClGIC 0017107 Xceffinergyo ItEllpttNl81BR( 11Y RATUR410 YOUR MONTHLY ELECTRICITY USAGE i 0 N 0 .1 F M A M a d A s 0 DAIL AVEmars a earl Temperature t�Ft EloolricitykWb' I c Elaclrki Cost � + OUESTIONS ABOUT YOUR BILL? Sae our website: xcelsnergy.com Emaif Its at: Customerservice @xcefenergy.com Call 24 hours a day, 7 days a weak Please Call: 1- 800 -895 -4998 Hearing Impaired: 1 -000- 895 -4949 Espy ffol: 1- 800- 1387.11778 Or write us at XCEL ENERGY Po sox s EAU CLAIRE WI 547AZ -9000 il�Nlmuffun Fallow us lyi:W ls ft"buuh 9n TMItar i!(r Xceff inergy® NvnInLmy aIHF6a rJOYPH 4UNIrnryT rage l m o MAILINGADORESS ACCOUNT NUMBER + +I MONTICELLO FDA M5 WALNUT ST STE 1 MONTICELLO MN 55362 -8&22 51.0517354 -8 11/04/2013 STATEMENT NUMBER STATEMENT GATE � + 386288267 10/08/2013 $12.03 SUMMARY OF CURRENT CHARGES Idotailedchar Service Current Charges ACCOUNT BALANCE 09/08/13- I on PAC 6kWh Previous Balance As of 09/08 s13.41 Payment Received Check 08/25 - $13.41 CA Balance Forward $0.00 Current Charges $12,03 Amount Vue $112,03 INFORMATION ABOUT YOUR BILL Differentfuel sources are used to generate electricity, and they produce different air emissions. For updated environmental information for the year ended 2012, go to: www,xcolonergy.com /MNRates, then go to Additional Resources, Gill Inserts and Urochuroslinside Your Electric Rill - Environmental Disclosure $t Costs, If you don't have internet access, please contact us at 1- 800 - 895 -4999 and we can provide you with this information. Thank you for your payment, 0 C T 15 2013 - .- .r`.ra.a- nr.- ..r Ff.'e -�. •fir iy OCnIPN GOMM PORTION WITH YOUR PAYMP.W • PLEMfiE oo NOT USE STAPLES, TAPE OR PAPER Cun ACCOUNT NUMBER I DUE DATE 61-W17304-8 1 11/04/2013 1 $12.03 31 5� 11041,3 05173848 gnU1313 91203C113L1G1[ 001203 e o� Please see (lie back of this bill far inure in(ermaiien 1 regarding the Into payment charge. Pay an or before the date due to avoid assessmerFt of a late pay+neutchaige. 1 2 Make youraheckpayahloxoxCELENERGY 3 I 5 6 7 8 8 10 11 112 13 14 1s 16 AV D2 0011G4 57924 VI 5 A* *51303 r 17 18 19 20 2i 22 23 1FIlrtlr+ Ll[ IrtII' 1111111I" I1I111111111lu�111111111 "�IFIiI��I�' 24 25 x6 27 28 29 30 MONTICELLO EDA 505 WALNUT ST STE 1 MONTICELLO MN 55352-8831 I]�I I��r1IF�F11111II1��1''"' 1f1�11� 'I� "�fll�� "IlrII111nFFlllll XCEL, ENERGY P.O. BOX 9477 MIRLS MN 55484 -9477 31 5� 11041,3 05173848 gnU1313 91203C113L1G1[ 001203 e o� Xcet rVergym A68PONPIBLE BY MATU1610 r7A1l,YAVERAOE8 pia�4<a; Temperature Electriehy kWll sh�tWu y Electrical Cost YYff� NOMFRN STATES POWER COMPANY Page 1 of 4 MAILINt3A17ARESS At:CUUNTNUMDEf1 r + MONTIU1.1 -0 FDA 505 WALNUT ST MONTICEU.0 M N9362-0821 51- 0592578 -0 911051xO1S STATEMENT NUMBER STATEMENT DATE + Bill. 396489652 10/09/2013 $17.07 SUMMARY OF CURRENT CHARGES Service 09/07/13 tea begin on pap /13 0 kWh 17.07 QUESTIONS ABOUT YOUR BILL? ACCOUNT BALANCE + See our website: xcelenergy.com Previous Balance As of 09/07 $17,07 Emall us at: Customerservicaftdanatgy.com Payment Received Check 09/25 - $17,07 CR Pleasa Gall: 1- 800.401.4700 Balance Forward $UoO / Q Hearing Impalred: 1- 800 -895 -4949 Currant Charges $17,07 — Fax: 1-000 -311 -0050 Amount Due $17,07 T Or write us at XCEI. ENERGY PO BOX 8 EAU CLAIRE W1 54702 -0000 Xceffin INFORMATION ABOUTYOUR BILL Different fuel sources are used to generate electricity, and they produce differen air emissions, For updated environmental information for the year ended 2012, go to; www,xcelenergy.com /MNHates, then go to Addition$ I 'f�e�olarees,.6iil.ltts�t�s,and Brochures/Inside Your Eloctric Bill »Environmental Di cl s� ' ' .r1i� - have internot access, please contact us at 1 -800 -481 47 . and vve can p lUo` with this information. 2013 %.: Thank you for your payment, ( QTY OF �L, ' '' Convenience at your service - Pay your bills electrafiir lIV,- fast- ani•easy. it1t:, Electronic Funds Transfer. Call us at 1 -80D -481 -4700 or visit us at www.xcalonergy.com. RETtJAhJBOIIOM POR11ON WITH YOURPAVMENT • PLEASE pO NOTUSE STAKES,TAPEOH PApERCiips ACCOUMT NUM13ER DUE DATE 1111jg= 51- 0592578-0 11/05/2013 1 $17.07 31 5111 513 05925780 On!!pD n 17D7[ii]n[l00017107 Please seethe back ofthis biilformore Infonnallon + regarding the fete paynloht eberge. Pay ou or Were the date due to avoldassessment of a Irate pay +bent charge, 1 Y Make your chock payable to XCEL MERUY S 4 B 7 0 9 19 11 12. 13 14 15 19 AT 01 044488 51392513191 AI*BDGT 17 18 19 20 21 22 23 II' 1111" Ill' 111111�L�II�IIIII�III `�I6�III�IILIIIIE111'I'I'II111 2a 2 Z9 27 za 29 39 MONTIGFLLO EDA 505 WALNUT ST MONTICELLO 1'IN 55362.8831 eA�ll��llll�l'll'Ilill�' hills l�ll s��llllll�lllt'�'I��+I+I�I�sI� XCEL ENERGY P.O. BOX 9477 MPLS MN 55484-9477 31 5111 513 05925780 On!!pD n 17D7[ii]n[l00017107 QUESTIONS ABOUT YOUR BILL? NOHTHMN STATES POWER COMPANY Page 1 of 4 y� XCOI Enell gy ACCOUNT NUMBER 51- 0517365 -5 11 @512013 MAILING ARQRESS MONTICELLO EDA 505 WALNUT ST STE 1 AIiRPQM &rBLF BY AIATIiRR4 MONTICELLO MN 55362 -8822 STATEMENT NUMBER STATEMENT DATE Bearing- Impaired: 1- 800 -805 -4949 Current Charges $48,44 Fax: 1- 800 -511 -0050 Amoant Duo 386486083 100/2013 $48,44 QUESTIONS ABOUT YOUR BILL? ACCOUNT BALANCE See our webslte: xcelenergy.com PreNious Balance As of 08/07 $57,28 Email us at; customerservicaftelenergy.cum Payment Received Check 09/25 .$57,28 OR Please Call: 1- 80(1+481 -4700 Balance Forward iJ Bearing- Impaired: 1- 800 -805 -4949 Current Charges $48,44 Fax: 1- 800 -511 -0050 Amoant Duo $48,44 Or write us at; XCEL. ENERGY PQ BOX 8 EAU DIRE WI 54702 -0006 PREMISES SUMMARY PREMISES NUMBER PREMISES IDENTIFIER PREMfSES DESCRIPTOR CURRENT BILL 302451493 206 PINE ST $21.53 302695149 112 E BROADWAY ST $26.81 Total JJ. $48.44 INFORMATION ABOUT YOUR BILL Differentfuel sources are used to generate electricity, and they produce different air emissions, For updated environmental information for the year ended 2012, go to: www.xcelenergyxom /MNRates, then go to Additional Resources, Bill inserts and 7z wrn' f. Brochures /Inside Your Electric Bill-Environmental Disclosure & Costs. If you don't have internet access, please contact us at 1- 800.481 -4700 and we can provide you with this information. Thank you for your payment. FFTUHN B01 TOM PORTION WITH MA PAYMENT • KCAS1 On Hoe LIB[ srAKFR,TlWtoN PAPFa CUPS ACCOUNT NUMBER I DOE DATE Xce nervy 51 »0517365 "5 11/05/2013 $48.44 Please $ee the back of this bill for more Infonnallon r regarding the late payment charge, Pay on or before ilia mo data line to avoid assossmant of a late payment charge. 1 2 Make your chock payable to XCEL ENERGY 3 4 6 7 8 9 14 11 12 13 14 15 16 AT 010444875159258191A"3i)GT 17 10 18 20 21 22 23 Ill��il�l'l ' 1III1I1lll1IilIII11111111111 ' {nill111[111111 24 26 26 27 2a 29 ao MONTICEMO FDA 505 WALNUT 5T 5TE 1 MONTICI:LLO MN 55362 -8031 II�IIIIi�Ii1��I�III�ili��il�llll "IIIIIII�'�I�l'll�lllll�nl� ill XCEL ENERGY P , O . BOX 9477 MPLS FIN 55484 -9477 31 51110513 05173655 0000BOU48440UUUUU04844 M S -- A' �u a v m m v r co N V M M m r CV M N co ti a N M N LO Co N rn V OD O1 M NN (DD W to ti r h O) P a c y� V N m or .q m i N i i N . . . . . . . . . . u7 to as to r.rnN M LO r r N co a m N 9t N m rn co r LO m rn Y N r . rn ca CD (D r- cD Lo to tr w) LO eo rr a m m r. 61 LL N rn h Lo V co N N to LL7 m 00 r rn M rn r ti [o r e- N V O N or N w r V W a .r- rn m m (o LLo V m . . • O N m . . . co W O m N cD co . . . . . . . . . p O •�' to a m (Q M oo CO co oD A N p oD p co m m on T u� LL7 ^ N (D V V N f` o o LD (q ce) r u] oo in N N C7 r(1 M rn rn p m cA N 9 r M (V N r M (V fV N IV [V J N m M W N h O m v) LL7 Co m o (D C7 D p 0 0 oo Lo co ID V N rn V Nm Nm h t V r mNal cq V cD V co 61 D N r w Ln oo oo prm oN rr�rn Lo rn O O. (Y r N r N o0 E w m ti o r. v ri m a v m m v r co N V M M m N W SD r M N co ti a N M N n N 0 m C, 1 oNiomM�c~'>op m rn m rn m N It Ln v U3 N 1 a N M N LO Co N rn V OD O1 M NN (DD W to K F z F W h 2 C a a� � D .2 f%E o Q m 7, w m a r Oo O1 �o - Em o��Q �% m rn�zm v oEm o w C7U�, S VaNLL Q�77m amp ro way m r mOUmW _mn U J a G rr%i N G7 w c Q y c C 7 O `�fL' Q C, 0 w v °�— ar(A o m a— m aC7 o.� o oCry• rn ¢¢ ro m o c t<r E c °i - -UU cam— rnv V �aU m�°� c JU W �U aE mH a m� u� Z°>,Q�¢mECN �mWa im�oE °am�o9°6oaUE'cEcQiimrov� Qm�zo� wrom�3vo�ut°'3 mwoa o��rororocmn0OwaEi.ffvfl C7MUw'u.QUW a �U0.a� i imU¢zaawELDi_cn0 w0c 0cn0F _aa0.cnC7�U©w 0UJrL Page, 1 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Oity of Monticello Minneapolis, MN 55402 August 31, 2013 MN190 -00101 General EDA Matters Through August 31, 2013 For All Legal Services As Follows: Hours 8/9/2013 MNI Email correspondence with W Oberg regarding use of TIF 0,40 for communications tower; research on same. 8/12/2013 MNI Office conference with S Dubul regarding use of TIF 6 1.40 increment for communications tower; follow -up conversation with W Oberg regarding same; phone conversation with A Schumann regarding TIF 6 and uses of increment, neod for modification, etc; email memo to A Schumann regarding use of increment from TIF 6 to pay costs of demolition of substandard buildings in downtown, Total Services: $ Amount 72.00 252.00 324.00 Total Services and Disbursements: $ 324.00 Kennedy & Graven, Chartere 200 South Sixth Streak Sulto 470 Minneapolis, MN 66402 City of Monticello Accounts Payable 5o5 Walnut Avenue, Suite 1 Monticello, MN 55362 Through July 31, 2013 MN190-00101 General EDA Matters 1 declare, under penalty of law, that this account, claim or demand is just and correct and that nopart of it has boA paid. Signature of Miman (612) 3379306 August 31, 2013 Statement No. 116751 SEW -- 5 2013 01 TY OF ()ffrI(XI- 2,164.50 Total Current Billing: 2,164.65 y U� V`�' )� Page; 1 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 City of Monticello Mlnneapotis, MN 56402 July 31, 2013 MN190 -00101 General EDA Matters Through July 31, 2013 For All Legal Services As Follows; Hours 4/3/2013 MNI Phone conversation with A Schumann regarding RlueEgg 0,70 delay, potential new TIP district In Otter Creek, and Walgreens adjoining parcel, 4/22/2013 MNI Review release of mortgage sent by A Schumann; email 0.20 to A Schumann regarding same. 5124/2013 MNI Phone conversation with banker for GMEF applicant about 0.90 specifics of a.ppNcation; review emall from A Schumann and GMEF guidellnes; phone conversation with same regarding possible new GMEF application. 512912013 MNI Review application for GMEF loan for Cuivem refl; review 0,40 applicatlon for GMFF from restaurant. 6/3012013 MNI Review letter from EQA regarding rejection of GMEF loan 0.80 application; circu[ate comments to staff. 5/3112013 MNI Review J O'Neill proposed language for letter; revise and 0.70 circulate, 61612013 MNI Review staff report connected with GIVIEF application; 0.60 phone oonversation with A Schumann regarding right of reverter and possible applloatlon to residential property near downtown. 6/712013 MNI Review staff report; phone conversation with A Schumann 0.60 regarding same. 611212013 MNI Phone conversatlon with A Schumann regarding We of 0.50 City -owned property for single - family home development; review HRA Act for procedural requirements of conveyance If City conveys to EDA first; email follow -up to A Schumann, 6120/2013 5JB Emalls to /from J. Severance regarding 4d housing 0.75 agreement, memo of agreement; revise same 7/1612013 MNI Phone conference with A Schumann regarding 1,30 redevelopment quaat4ons In downtOWN passible option agreements, contracts with Individual property owners, relocation issues, etc; review proposed assignment of TIF for Front Porch; email correspondence with A Schumann Amount 126.00 36.00 162,00 72.00 144.00 126.00 90.00 1 08.00 90.00 157.50 234.00 Page; 2 Kennedy & Graven, Chartered 000 South Sixth Street StAte 470 City of Monticello Minneapolis, MN 56402 July 31, 2013 regarding same, preparation for conference call with A Schumann regarding option agreements for real property and relocation obligations. 712212013 MN) Review proposed option materials for EDA. 0.50 90,00 712412013 MNI Office conference with B i.indall regarding relocation and 1,70 806,00 — -Tt option agreements; office conference with J Boulton regarding land essembly strategies and possibilities for [—Z2- Monticello; email to city staff regarding same; eDA phone conference and poet -call summary of research points. 712412013 RA Interoffice conferences with M Ingram regarding duty to 0,20 46,00 pay relocation benefits 7/29/2013 MNI Research question from A Schumann on open meeting 0.50 90.00 -law application to sale of City -owned property, 7!3012013 MNI Office conference with 5 Bubul regarding relocation 1.60 288.00 queations posed by EDA; phone conversation with W (F?i Oberg regarding use of Inorement for Infrastructure; email memo to A Schumann regarding same. Total Services: $ 2,104.60 Total Services and Disbursemerits; $ 2.164.50 cy� Sold To: #00120643 City of Monticello City of Monticello �; s Monticello Monticello, MN 55362 763- 296 -2711 RECEIPT #001 - 292961 VI1111111111111 it II IIIIIIIIIII 9123/2013 2:42 PM You were assisted by Ryan Loch (#39) Loch Jewelers (763) 296 -3771 S C P 2 4 2013 292961 -001 No Merchandise. Tas s:1111 ) 9Pi'r1 1"J � � j; �.'LI, O 111111111111111111111111111111111 Four plaques - . -•• -.w - Repair 1 -A6630 3- A6532. Qty: 1.Engraving enclosed - Roman 3x1.[3000] Create logo. Qty: 1. price... $270.00 Estimated Tax... $18.66 Subtotal... $288.56 No deposit taken. Due at pickup... $288.56 Ready Date: 10!1512013. Total Today... $0.00 Total due at pickup... $288.56 1125 South Cedar Street • Suite 100 • Monticello, MN 55362 763.295.3771 - www.LochJewelers.com Hours: Monday - Friday 10 to 7 & Saturdays 9 to 4 CAMP13ELL KNUTSON P'rofesslonal Association Attorneys at Law Federal Tax I.D. #41- 1662130 317 Eagandale Offite Contar 1380 Corporate Center Curve Eargan, Minnesota 66129 (661) 462.5000 City of Monticello City Hall 505 Walnut Street Monticello MN 65352 RE: ADMINISTRATION SERVICES RENDERED TO DATE: 7 2013 Tim mi'•y ph,.{ a„r�wm.mra-s°n+nm.F.a..: •;J `i o� 013 )OG 133 HOURS 08101/2013 JM4 Devise satisfaction and release agreement for Outlot A, Liberty Park; e-mail same to Cathy S. 030 4.50 51MM Review returned letter; review address, 0,30 42.00 JJJ personnel - Cmails Tracy, Jeff re; personnel. 0.50 70.00 JJJ Emaiis Jeff and Wayne re.; damage to aiding, 1.00 140,00 JJJ Emalls Jeff, follow -ups re, advisory committee follow upf8ertrarnNMCA. 1.00 140.00 JJJ Cmails Mark P. re: Vorizon tower lease draft, prepare draft 1.00 140.00 JJJ Emails Cathy re: assessment agreementlsatisfactlon, follow -ups, 0.50 70.00 08105/2013 JMO Review e-mail and attachment; draft satisfaction and release agreement regarding Community United Methodist Church, 0.50 37.60 0aro8120'f 3 SMM Ema11 Deb 11Vard, 0.20 23.00 jjj .olow- upa- wlth -M : lease /tower, emalls Angela. 2.00 2t3p,00�/ J Community Development - Emalls Angela re: PC procedural questionlappilcant withdrawal/delay. 4,50 70,00 city of Monticello RE, ADMINISTRATION SERVICES RENDERED TO DATE., Bags; 2 August 31, 2013 Account # 2348 -00007 133 TMS Telephone conference with Appraiser Messier, HOURS Council - Review agenda packet, review notes from Brat, JMO Revise satlsfactlon and release of agreement regarding 08/1312013 42.00 JJJ Community United Methodlat Church, 0.20 15.00 00/0712013 residency data, 0811412013 SMM Telephone call lien holder re; rental license. 0.40 66,00 JJJ Follow -up email& MP, WO, Megan rw questions; telephone JJJ St e44s; Feviraa sohe�led agenda s emails Jeff JJJ Community Development - Emails Angela, rovlow tltlo call Jeff. 1.60 210.00 0810612013 JMO Revise site lease agreement with New Par; a -mall revised and compered versions to Mark P. 0.40 30.00 06109/2013 TM5 Emalls with Jason Messner and Jeff O'Neill re: St. Henry's appraisal. 0,20 28.00 JJJ Emails Jeff re; personnel, media request, emails Tracy. 0.50 70.00 TV 19 212013 -fpl. TMS Emails with Angela Schumann and review lease with Pizza Factory. 0.40 58.0 TMS Telephone conference with Appraiser Messier, JJJ Council - Review agenda packet, review notes from Brat, 0.20 emails from Jeff re; blower contract. 08/1312013 42.00 JJJ Review Council action. JJJ Porsonnol � Emalis Tracy re; personnel question, employee 1100 residency data, 0811412013 JJJ Smalls Cathy re; processing contract for deed close- Qutlsale, 0819 912.013 I TMS Review St, Henry's appraisal; email to Jeff O'Neill. JJJ St e44s; Feviraa sohe�led agenda s emails Jeff JJJ Community Development - Emails Angela, rovlow tltlo commitment, follow -up emalls. 0.20 28.00 1.00 140,00 0.20 23,00 0.30 42.00 0.60 70.00 1.00 140.00 1100 140.00 0.60 70.00 Page: 3 City of Monticello August 31, 2013 Account # 2348 -0000 133 RE: ADMINISTRATION SERVICES RENDERED TO DATE: HOURS 08/20/2013 Emails Jeff re. personnel, JJJ Personnel - Emalls Traoy re; personnel questlon /PW Director JJJ position /temporaryjob wWgnments and compensation. 0.50 70,00 JJJ Engineering - Ernalle Shlbani re: Mnt)QT ROW Limited Use 1.00 140,00 08126/2013 Permit for Fallon Overpass, follow -ups. 0,50 70.00 JJJ Emails Angela re: sale of property. 0,60 70.00 SMM Review correspondence re; rental licensing. 020 28.00 /21/2013 Review -Council agenda and materials, 0.50 70.00 JJJ Community Development - Follow -up $malls Angela re: JJJ revised title commitments, extenslon of CUP. 1.00 140,00 08/22/2013 JJJ Emails Jeff re. personnel, 00/23/2013 JJJ Emalls and telephone oall Jeff and Wayne re: personnel, 0,50 70,00 JJJ Emalls Mark R. re: Verizon commltmont letter, follow-ups, 1.00 140,00 08126/2013 JJJ Finance - Emails Wayne re: invoice to assi0n a Monticello PO, follow -ups, 0.50 70,00 JJJ Review -Council agenda and materials, 0.50 70.00 08/2712013 JJJ Review Council :me 0,30 4200 , JJJ Community development - Emails Angela re; Skoog land sale, IAA requeatlterms, follow -ups, 0,60 70.00 PW9/2013 — — JJJ Emails Angela, review draft ordinance for towers, follow-up email$. 0140 ,00 0813012013 �flr_ TMS Emalls with Jeff O'Neill and Brett Weiss; telephone conference with Jason Messner re; St, Henrys. 0,40 58.00 City of Monticello RE: ADMINIS'TRA'TION SERVICES RENDERED TO CRATE: Page: 4 August 31, 2013 Account # 2348 -0000 133 TOTAL AMOUNT DUE $9,574,07 Amounts due over 30 days will be subject to a finanoe charge of .61/14 per month (or are annual rate of 6 %). Minimum charge - 50 cents. HOURS CJH Skog - Telephone conference with First American 'Title re: lost deed of record /413 4th Street West; email from First American Title; add legal description to Purohase Agreement; emall purchase Agreement to Angela Schumonn. 0.5D 37.50 JiJ Work on Skoog PA, FlberNet teleconference and settlement; telephone call Megan W., f~rimmer emalls, follow -ups. 1.00 140.00 AMOUNT DUE 24.90 3,362,50 0810612013 Photocopy expense. 9.40 TOTAL DISBURSEMENTS 9,40 TOTAL CURRENT WORK 3,371,90 PREVIOUS BALANCE $6,202,17 TOTAL AMOUNT DUE $9,574,07 Amounts due over 30 days will be subject to a finanoe charge of .61/14 per month (or are annual rate of 6 %). Minimum charge - 50 cents. Wilson Development 5srvicea,:NLL(3 a [som 510 North ChOslciul St�ae�'; ��ul'�e�0`�}Y Chaska, MN 55318 .,.. -�a.,,.,.,b" 952,448.4630 EIN 26- 162997T�i448.4630 t' `~ Invoice submitted to; City of Monticello Attn; Angela Schumann 505 Walnut Street Monticello, .MN 55362 (I Invoice Date Invoice Number Last 8111 Date September 16, 2013 23314 8/19/2013 In Reference To: Acquisition & Relocation Services - Montgomery Farms Professional Services •Hrs /Rate Amounk BL'Used Bike Shop 8/1/2013 DML Time 0.10 7.50 Type email response to Angie regarding any additional claims for bike 75.001hr shop BI_ Used Bike Shop SUBTOTAL; 0.10 7.50' Pizza Factory (Ekegren) 8/1412013 DHW Time 0,50 55.00 Call from Jim Peterson regarding meeting with contractor and Dept. of 110.001hr Health. Memo to Angela - same Respond .to Angela regarding lease date and unpaid rent Pizza Factory (Ekegren) 811612013 DML Time 0.30 22.50 Type memo to Angela regarding Pizza Factory relocation status 75,001hr Type brief email response to Angela's questions of lease by 9167 -Pizza Factory (Ekegren) 8/22/2013 DML Time 0.40 30.00 Type memo to Jim Peterson, cc Angela Schumann regarding Eligible 76.00/hr Relocation Costs Type memo to Angela Schumann regarding phone call with Gary from Pizza Factory, include Heritage Construction Co. Relocation Cast City of Monticello Monticello - Montgomery Farms Page 2 Hrs /Rate Amount estimate Pizza Factory (Ekegren) 8123/2013 DHW Time 0.40 44.00 Call with Jim Peterson - cost reduction and Gary's lack of finances. 110.001hr Call from Gary, will pay rent and no Finances available Pizza Factory (Ekegren) 6!2812013 DHW Time 0.20 22.00 Call from Jim Peterson - go to A -3 in Princeton for used equipment 110.00Jhr Pizza Factory (Ekegren) SUBTOTAL: [ 1.80 173.80' z- Project Management 8/31/2013 DML Time 0.44 33.00 811 - 8/31, 2013 - Consultant entries recorded to database for 75,00/hr client/case history, status and file maintenance /backup. z- Project Management SUBTOTAL; [ .0,44 33.00' For professional services rendered 2.34 $214.00 Additional Charges: Qty /Price g- Project Management, 8/3112013 Copies - Internal 20 3.00 Copies - 811 - 8131, 2013 0.15 z- Project Management SUBTOTAL: [ 3:00; Total costs $3.00 For professional services rendered 2.34 $217.00 Total amount of this bill $217.00 Previous balance $809.15 911212013 Payment - Thank You ($809.15 City of Monticello Monticello- Montgomery Farms page Total payments and adjustments Balance due Amounk ($809.15 $217.00 �CenterPoint. Energy Always Therein -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 CentsrPolntEnergy oom DID YOU KNOW? Your account is ready 10 view now. Register far free online account access. View balance, usage history, make an online payment, view recommendations for saving energy and money with My Energy Analyyzer, and much more. Reggister at CenterPolntEnergy.coml myaccounlonline. Payy your next bill without IiHing a linger. To enroll In Automatic Barrk Draft, just sign and date the back of your bill stub and return to us with a check far Your payment amount. Its that easyi SERVICE ADDRESS 112 E Broadway St Monticello Mfd 56362.4064 YOUR GAS USAGE Metar # M1 9009103407 32 pay blllin - perlod 08/29/2013 to 0910012010 Customer name THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT Account number 9429460 -1 Billing date 1 010 1 120 1 3 Date due 10/29/2013 Total amount due 10/31/2013 8 therms Q $0.00490/THM 0,04 Cost of gas* 8 therms Q $0,446261THM 3,57 ACCT SUMMARY 1.67 Previous balance Il . ✓' r.�1J� ),_ Payment 08/2612013 . 10,24 M%Ianoo forward _ Current billing II S = ' v� 24.37 :.,,,.,. Total amount cfue . . -s� j., SERVICE ADDRESS 112 E Broadway St Monticello Mfd 56362.4064 YOUR GAS USAGE Metar # M1 9009103407 32 pay blllin - perlod 08/29/2013 to 0910012010 Current reading 09/3012013 3429 Previous reading 08/29/2013 3421 Metered usage 00 CCFX Therm factor of 1.0190$ o'Ttlarms used In 32 days= $ Next motor reading 1 012812 0 10 Next billing date 10/31/2013 YOUR BILL IN DETAIL Comllnd Firm Rate Basic charge $18,0D Delivery charge 8 therms @ $0,168481THM 1.27 Decoupling adjustment 8 therms Q - $0.009871THM - 0.D8 Gas Affordability PRG 8 therms Q $0.00490/THM 0,04 Cost of gas* 8 therms Q $0,446261THM 3,57 State sales tax 1.67 Total currant ohargGs $24.37 Avg dolly gas use: This parlod thle yr 0.3 therms; this pariod last yr 9,1 therms w CenterPolnt, r�y Atvap'Bi W CENTERPOINT ENERGY PO BOX 1144 MINNEAPOLIS MN 55440 -1144 Page 1 of i Avgdaify temp: This Period this year es °F; this.partcd Iasi year fse °r-. Mai this portlon with payment. Ploseo do not (noludo Wore or notes 4C Account number 942945D -1 Date due 1 012 912 0 1 3 Total amount due $ 24.37 Amount paid $_ CENTERPOINT ENERGY PO BOX 4671 HOUSTON TX 77210.4671 hil�irliEllrllrllllllilfrillllidtillllllUiturlilltlilllhtjll OD022324 Dt AV 0.360 t THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT 606 WALNUT 8T MONTICELLO MN 66362.8821 upll�lrhlhlhlrlllllilr�ll�rlp�llr��ilr 'filllltllilifrllll 0840077950094 007200 00094294501 1000000024070000000243780 - Enorg Point® ne�gY .Always There' QUESTIONS OR COMMENTS? CenterPoint Energy PO BOX 1144 MINNEAPOLIS MN 55440 -1 144 (Address not for bill payment) Monday - Friday Call 8 a.m. - 5 p,m Bill info 612 -321 -4939 CenterPotntEnergy -cam DID YOU KNOW? Your account is ready to view now. Register for free online account access. View balance, usage history, make an online payment, view recommendations for saving energy and money with My Energy Analyzer, and much mare. �ieggister ai CenterPointEnergy -com! myaccountonlino. Pay your newt bill without lifting a finger. To enroll in Automatic Bank Draft, just sf n and date the back of your bli stub and return to us with a check far Your payment amount. It s that easy! Customer name CITY OF MONTICELLO ANGELA SCHUMAN Account number 97391341.0 Billing date 10101/2013 Date due 10129/2013 Total amount due $12.82 ACCT SUMMARY Gas charges Previous balance _ .. :.-� R - $12.82 Payment 09126 /2013 11"; i ' �,,..._ �� t , 12.82 Balance forward " s: } ;'� 1 uu Current billing 2,82 Total amount duos i ' U {) °" ? 11,} 4., ;.` $12.62 SERVICE ADDRESS 1 j; 100 E Broadway St Monticello MN 56362 -93P1 YOUR GAS USAGE __ M6i6[- t M19$023i2728 32 Ray billing period 0812012013 to 09/3012013 Current reading 09/30120/3 9936 Previous reading 08/2912013 9836 'Metered usage 00 00PR Therm factor of 1.01363 =Therms used In 32 days = t] Next meter reading 10/28/2013 Next bllling date 1 013 1 120 1 3 YOUR BILL IN DETAIL Basic charge Delivery charge Recoupling adjustment Ras Affordablilty PRQ state sates tax Total ourrent charges Avg dairy gas use: This period this yr 0,0 therms; this perlod last yr 0,6 Maims 0 a Cent$rpoint. Energy Alwga There' CENTERPOINT ENERGY PO BOX 1144 MINNEAPOLIS MN 65440 -11144 Com /Ind Firm Rate $12.00 0.00 0.00 0,00 0.62 $12.82 Page 1 of 1 Avg daily tamp, nli period this year se °F; lhls perl0d last year e6 °F. Mal thle porgon Wilt payment. 1`10000 do not include letters or notes Account number 9739841 -0 Bate due 10/29/2013 Total amount clue $ 12,82 Amount paid $ CENTERPOINT ENERGY PO BOX 4671 HOUSTON TX 7721 0 -4071 Itll�hulll' urIIIInINftlld�ulrlllullllltnlllllrllllllllln 00423416 01 AY 0.300 1 CITY OF MONTICELLO ANGELA SCHUMAN 606 WALNUT 3T STE I MONTICELLO MN 66382 -8822 11111111111111111111111111111111111186111111111111111111111111 1111111111 W. — 170008075L418 007 20000097396410 0000000012820000000128290 CenterPoint. Energy Customer name CITY OF MONTICELLO ANGELA SCHUMAN Account number 9.739646 -1 Always There° Billing date 10/01/2013 Date due 1012912013 Total amount due $13,48 QUESTIONS OR COMMENTS? - CenterPoint Energy . PO BOX 1144 MINNEAPOLIS MN 55440 -1144 AccTSUMMARY ; { -: s „I f; ,, x ' F` lQ:chargos (Address not for bill payment) Previous balance �” - ` ri '' $12,8'2 Monday - Friday Call 8 a.m. - 5 p.rn. Payment 0912612013 ;' 1 p,g2 r..Y..� Bill Info 612 -321 -4939 Balance forward ,. , Current bllling :Ij ( ('.; r � � i !r , $ 0,Q0 l�. ,t CeniteWofrllErsorgy cam . 13.48 Total amount due ;� , �. $13 40 ,,...: SERVICE: ADDR58t3 r � .£; i f 3 N 106 E Broadway St Montloeilo MN 55362.9321 DID YOU KNOW? YOUR GAS USAGE Motor M196023127o8 32 pay billing period 0812012010 to 09/30/2013 Current Your aoaount Is ready to reading 09/30/2013 Previous reading 06128/2013 2297 2296 view -how. fFiegister for free Metered usage 61 CGF X Therm motor ar 1,61363 = Thermo used In 32 days � 1 online account access. View Next meter reading 10/20/2013 balance, usage history, make Next billing date 1013112013 an online payment, view recommendations for saving YOUR BILL IN DETAIL Comllnd Flrm Rate energy and money with My Basic charge $12,00 Energy Analyzer, and much Delivery charge 1 therms @ $0.161061THM 0116 more. Register at Dwoupling adjustment 1 therms Q $0.008201rHM 0.01 CeriterPointBriergy.com/ Gas Affordablllty PRG 1 therms a $0.00490/THM 0,00 myaccounionline. Cost of gas* 1 therms ® $0.4400WHM 0.44 Pay your next bill without State sates tax 0,87 lifting a finger. To enroll in Total current charges $13.4a Automatic Bank Draft, Just sign and date the back of your bill stun and return to us with a check for your payment amount. its that easyl Page 1 of 1 Avo duly temp: This porlod this year 66 "F; thlo psrlod l4slyear 69 °F. y �conterterloild Mall thw portion wllh payment. Plowo do not IncOudo letters ornatac � Eilelgy Account number 9739E345 -1 alms rher�r Date due 1 0129/2013 Total amount due .$13,48 CENTERPOINT ENERGY Amount paid $ PO BOX 1144 MINNEAPOLIS MN 55440 -1144 CENTERPOINT ENERGY 14 PO BOX 4671 17% HOUSTON TX 77210 -4671 IJr11111111.11.1 1111111111111111111111111111 .11LI1111 1111111, 111 00023421 91 AV 0,360 1 CITY OF MONTICELLO ANGELA SCHLIMAN 505 WALNUT 87 STE: i MONTICELLO MN 553624822 i IIId11nIIIll11�111111[ rrtL�IIr ,111�IIlurlllllrll "'IIIIIIIf'I 170DO80756426 0072aUOUD9739645llUUUOCtC UlA48C1C1C]GGUO7,3tI880 AhCen%rPoint. Energy Always There,' QUESTIONS OR COMMENTS? ... ConterPoint 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 CentorPolntEuGrgy.com Cuelomer name THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT Aoocunt number SERVICE ADDRESS 9429449.3 81111ng slate MontloelIo MN 66362.8666 DID YOU KNOW? 10/01/2013 Hate due 32 Day hllling period 08/2912013 to 0910012013 Your aooaunt Is ready to 10/2912013 Total amount due Metared Usage d0 CCF X Tharm faclol ai 1.61368 - Thorme usod In 32 days - or online account access, View _12.02 $ ',w.�tl balance, usage fllstory, make i�:: -,� Ir 'S an online payment, view lj•.::t.. �f recommendations for saving L�uv,_"T energy and money wills My �,.t tiyl. ACCT SUMMARY ' ' more. Register at I =€Ga charges Previous balanoe " _ FA' 1' l) f 7 �r) t 1 ' Payment 09/2612013 Total current ohargos $12.82 `� '° :� 112.82 Balance forward 4 .. ,. $ 0,00 Current billing :1 t, ;.:� °r f. r� ._,.: ,,iF_..� ,. 12.82 Total amount due, 132 .:' 12, SERVICE ADDRESS 202 Pine St MontloelIo MN 66362.8666 DID YOU KNOW? YOUR CHAS USAGE Motet #M19B22312867 32 Day hllling period 08/2912013 to 0910012013 Your aooaunt Is ready to Current reading 09130/2013 6369 previous reading 08129/2013 6369- VIOW now, Registor for free Metared Usage d0 CCF X Tharm faclol ai 1.61368 - Thorme usod In 32 days - or online account access, View Next meter reading 10120/2013 balance, usage fllstory, make Next bliting date 1013112013 an online payment, view recommendations for saving YOUR SILL IN DETAIL Com /Ind Firm Rate energy and money wills My Ba'slc charge $12,00 Energy Analyzer, and much Delivery charge 0140 more. Register at Decoupling adjustment 0.00 ConterPointEnorgy.com/ Gas Affordability PRO 0.00 myaccountortfine. State safes tax 0,82 pay your next bill without Total current ohargos $12.82 lilting a finger. To enroll In Automatic Bank,Draft, just sign and date the back of your bill stub andxeturn to us with a check for your payment amount, Its that easyl Page 1 of i Avg dally temp; Title petlod lhle year WP; Ihls perlod last year 09 °F, CSlt18rpoinl. Mall thle ponioh mih paymem. Plaea do not include tallara or notes 4 ' �►tE y Account number 9429449.3 hlw�yn Tha+a" Date duo 10/29/2013 Total amount due $1222 CENYERPOIW ENERGY Amount paid $ PO BOX 1144 MINNEAPOLIS MN 55440 -1144 CENTERPOINT ENERGY l„ PO BOX 4671 HOUSTON TX 77210 -4071 I'f'll'IIIIIHI'll!l VIII' 11111111 'Itlillllll'll'!II!'lllllll'tll OOD2332601 AV 0.3601 THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT 506 WALNUT ST MONTICELLO MN 66362 -0021 IIlilIlldlllil111i 111' 111I"' II "111'll'11111'111111 "lllllrllll 08400774SUD86 0 072000 00942944930000090 012B20000000128a9U CenierAoin% Energy Always There.® -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 CenterPotntEnergy.com DID YOU KNOW? Your account is ready to view now. .Register for free online account access: View balance, usage history, make an online payment, view recommendations for saving energy and money with My Energy Analyzer, and much more. Register at ConlerPolniEnergy.com/ myaccountonline. Pay your next bill without lifting a finger. To enroll in Automatic Bank Draft, just slgn and date the back of your bill stub and return to us wlth a check for your payment amount. Its that eatsyl Customer name THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT Account number 9429448 -6 Billing date 10!0112013 Date due 10/2912013 Total amount due $12,82 Payment 09/28/2013 206 Pins St ACCT SUMMARY I.. r pie oharges ° Previous balance = is.,:•,a..'; °.;,1._ }',> '�,...'ff1. ; 3 X12,82 Payment 09/28/2013 206 Pins St . ,il r 3 12,62 8alnnoofctward $ 0,00 Current billing {i I (:1 1 f() i`Z �f 12,82 Total amount duo $12.82 � " -" 1 SERVICE ADDRESS ; :: r' `'� r s 206 Pins St Manticelto MN 66382-8e6511 YOUR GAS USAGE Motor#Mt980m128G9 32 Day billing period 08129/2013 to 09MO12013 Current reading 0918012013 979 Previous reading 06/29/2013 979 Metered usage oo cor X Thorm laolor of i.11t363 - Thormo uoadln 32 days r; V Next meter reading 10129/2013 Next billing date 10/31/2013 YOUR BILL IN DETAIL Qom/Ind Firm Rate Basic charge $12,00 Doiivory charge 0,00 Docoupling adjustment 0,00 Gas Affordabltity PRO 0.00 State sales tax 0:92 Total current charges Avg dasy gas use: Trio period this yr 0,0 therms; into porlod last yr 0.1 therms Ck Pu w Ak W_&QL'lP011ll. �� illsrgy CENTERPOINIr ENERGY PO BOX 1144 MINNEAPOLIS MN 65440.1144 $12.82 Page 1 of 1 Avg dally lamp, Wo pailod this yew 68 *F,' this polod last yaw ee °F. Mau title partlan Vlth payment. Please do not kW" letlars or rlotae 4Cr Account number 9429448 -5 Date due 10/29/2013 Total amount due $12.82 Amount paid $ __._ CENTERPOINT ENE ROY PO BOX 4671 HOUSTON TX 772104671 Ielelitlllll "ll'1I111111i' 111111{ Ie11ilINlllYll'l111'11111i1'll# 00023322 01 AV 0,3601 THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT 606 WALNUT ST MONTICELLO MN 66362 -8821 Illll�ip11111111111111 1111nr11' rllir1111 Jill 1111111re11111dill 0'8400779SOU78 OU72Cj00009429 4485CIC1CIUU000128200 00O17U128290 C ity C on to in ers Am anal Solid W aelo M anagam oat Tax TRUX ACCT W A p6rlm pal 1457 .6 alfCnuoa. 9454 x111— P.A 7453 W ail aoid8o P 1 • M oulicolla SPW 4g4 PIp01 IdUI 1l url ni'd 14$6 - Mopilaallo a4rva9. PIn11 1961 Sort Ulyd 1458 - CIty Hell $65 W pinu191 1459 •Mnulde p 1, 16 r. sy 60 Wuluul 44$9 •Ili -W Py Lignor. PDA 160 nrra pJ lY aY H P IV 116Cr VPO 9 1 6$ x Ab -LL.Ar $499.78 $427.61 $72,17 D o.vrlp rlon A ounl M N Solid W aria MgmI rllx T 0 L 0 1 +pa� �4Z 1 yard S30.60 SS,2P S1S,Iq y.rJ §4 U,9D §6.87 7,67 1 yard $20.4D .d7 Sa 3,67 1 Yard $ $3.47 S2 - -97 3 yard ;76.31 fll 589,72 3.1 yard. 5119.52 530,35 52D8.BT Y.rd 510,20 51.73 ord 520 .4D 33,47 323,97 95 Eat sru.h 65 Hill r90 919 ;6.99 $2.49 51.17 310,S5 ED 1 yard 35.47 $23.83 q6,0 jj�. ;,I EDA Agenda - 11/13/13 5. Consideration to adopt Resolution 2013 -095 Adopting a Modification of the Redevelopment Program for Central Monticello Redevelopment Project No. 1 and Adopting a Modification to the Tax Increment Financing Plan for Tax Increment Financing District No. 1-6. (AS) A. REFERENCE AND BACKGROUND The EDA is asked to consider adoption of a resolution for modification to the Tax Increment Financing Plan for Tax Increment District No. 1 -6 and companion modification for the Redevelopment Project for Central Monticello Redevelopment Project No. 1. The modifications are requested for (1) authorization of additional land for acquisition by the EDA; and (2) the reallocation of budgeted increment within District 1 -6. The City Council will hold a hearing for the purpose of providing for public and taxing jurisdiction comment on November 25th, 2013. Required notification for the proposed modification has been sent to other taxing jurisdictions impacted by this modification, namely Wright County and the Monticello School District. As noted in previous reports to the EDA, TIF District 1 -6 is a pre -1990 tax increment district. Pre -1990 districts have greater flexibility in available increment usage than those districts enacted after more restrictive TIF legislation in 1990. The increment collected in TIF District 1 -6 is not subject to pooling restrictions and does not necessarily have to be spent in the district in which it originated. Post -1990 TIF Districts are subject to pooling restrictions and district boundary limitations. While the TIF District does have the flexibility noted above, at this time, the EDA is asked to consider a final district modification (TIF District 1 -6 must be decertified at the end of this year) in order to support the use of future increment expenditures as described below. Modification (1), TIF 1 -6 - Authorization of additional land for acquisition: Consistent with the EDA's 2013 adopted workplan, which places a priority on the redevelopment and revitalization of the downtown consistent with the Embracing Downtown Plan (Downtown, Chapter 3 -Land Use of the 2008 Monticello Comprehensive Plan), the modification of the TIF Plan for TIF District 1 -6 authorizes additional land acquisition by the EDA within the Central Monticello Redevelopment Project No. 1. As noted in the October 10th staff report to the EDA, tax increments can only be used to acquire property as identified in the TIF Plan. The TIF Plan for TIF District 1 -6 (as modified in 2006) authorizes the acquisition by the EDA of "any parcel within the District ". To utilize tax increment to acquire property outside of TIF District 1 -6 but within the Redevelopment Project, the language in the TIF Plan must be modified. The TIF Plan is therefore proposed to be modified to authorize land acquisition and site improvements by the EDA on any parcel within the Central Monticello Redevelopment Project No. 1. This type of modification requires the EDA /City to follow the same process used in originally establishing the TIF District, including all notifications of taxing jurisdictions and a public hearing. Modification (2) TIF 1 -6 - Reallocation of budgeted increment within TIF District 1 -6: The use of tax increment for other land acquisition within the Project Area also requires a modification to the budget in the TIF Plan. Tax increments can only be spent for the uses and within the amounts listed in the approved budget. The modification reallocates the approved budget within the TIF Plan. Based on actual projected tax increment to be collected, the modification allows for an additional $600,000 in increment to be spent for acquisition of land and buildings anywhere within the Project Area. This includes acquisitions by the EDA in either the downtown area and /or to support right of way acquisition for the Fallon Avenue overpass. In addition, the modification allocates an additional $101,944 in estimated increment to be collected for site improvements, which can also be made anywhere within the Central Monticello Redevelopment Project No. 1. The total budget within the TIF Plan exceeds the actual projected tax increment to be collected and spent on project costs. While the EDA/City is authorized to spend up to the approved budget line items, total spending is limited to the actual receipt of tax increment revenues. If the EDA /City were to realize additional tax increment revenues in the future, for example, through the sale of land acquired with increment, the City will have the budget authority (difference between budget and actual) to spend the land proceeds on other project costs. Total spending by line item cannot exceed the line item budget. Supporting Data exhibit "C" illustrates the modification reallocations described above. The budget modification does not exceed the original overall TIF Plan project budget. The modifications retain the maximum amount of flexibility in future expenditures for land/building acquisitions and the site improvements which may be associated with those acquisitions. The modifications allow for increment to be used for land acquisitions throughout the Project Area (including acquisitions in the downtown and for Fallon ROW) and to facilitate demolition, site grading, and utility or other public improvements that might be needed to support a redevelopment project. A modification to the Redevelopment Program for Central Monticello Redevelopment Project No. 1 (the "Redevelopment Project ") is also required as the Redevelopment 2 Program is the document that authorizes and governs all redevelopment activities within the Redevelopment Project. The proposed modification authorizes the use of tax increment from TIF 1 -6 for acquisition of land within the Redevelopment Project and modifies the estimate of costs and sources of revenue without increasing the total overall budget as authorized in the TIF Plan. The modification to the Redevelopment Program for the Redevelopment Project includes budget revisions to coincide with the TIF Plan for TIF 1 -6. Nothing in the modification is intended to supersede or alter the activities described in the original Redevelopment Program. The TIF Plan remains in full force and effect and is not modified except as described in this proposed modification document. The Planning Commission reviewed the proposed modifications on November 4th 2013 for conformity to the 2008 Monticello Comprehensive Plan. The Commission voted 4 -0 to adopt Resolution 2013 -094, finding that a modification to the TIF Plan for TIF District No. 1 -6 conforms to the general plans for the development and redevelopment of the City of Monticello, based on the findings in said resolution. It is important to note that the TIF District is required to be decertified by the EDA at the end of 2013. The EDA may spend tax increment after decertification, but may not make any further modifications to the TIF Plan. Al. Budget Impact: Legal and consultant fees have been incurred in relationship to the proposed TIF District 1 -6 modification. The expenses will be coded to the administrative line item of the district. The TIF District 1 -6 Plan as detailed in Exhibit C accounts for those expenditures. A2. Staff Workload Impact: Staff time has been and will continue to be spent in preparing and reviewing documents related to the modification. B. ALTERNATIVE ACTIONS Motion to adopt Resolution 2013 -095, Adopting a Modification of the Redevelopment Program for Central Monticello Redevelopment Project No. I and Adopting a Modification of the Tax Increment Financing Plan for Tax Increment Financing District No. 1 -6 The EDA will note that adoption of the modification is contingent on the approval of modification by the City Council, currently scheduled for on December 9', 2013. 2. Motion to table for further study or discussion. C. STAFF RECOMMENDATION Staff supports alternative 1. If the EDA wishes to utilize any of the available increment in TIF District 1 -6 for land acquisition in support of the accomplishment of the goals identified in its 2013 Workplan and Embracing Downtown Plan, a formal modification of the district and a modification of the Project Area are required. D. SUPPORTING DATA A. Resolution 2013 -095 B. TIF Management Plan District Summary C. TIF 1 -6 Proposed Modification Budget D. Modification Schedule E. Central Monticello Redevelopment District No. 1 Project Area F. Planning Commission Minutes, 11/4/13, draft fl CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY WRIGHT COUNTY, MINNESOTA RESOLUTION NO. 2013 -095 RESOLUTION ADOPTING A MODIFICATION OF THE REDEVELOPMENT PROGRAM FOR CENTRAL MONTICELLO REDEVELOPMENT PROJECT NO. 1 AND ADOPTING A MODIFICATION OF THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1 -6 WHEREAS, it has been proposed by the City of Monticello Economic Development Authority (the "Authority ") that the City of Monticello (the "City ") adopt a modification of the Redevelopment Program (the 'Redevelopment Program ") for Central Monticello Redevelopment Project No. 1 (the Redevelopment Project ") and adopt a modification of the Tax Increment Financing Plan (the "TIF Plan ") for Tax Increment Financing District No. 1 -6 (the "District "); WHEREAS, the City originally established the District and approved the TIF Plan therefor on November 12, 1985 (Resolution No. 85 -23); WHEREAS, the City adopted modifications to the TIF Plan for the District on September 28, 1987 (Resolution No. 87 -30) and on February 13, 2006 (Resolution No. 2006 -7); WHEREAS, the Authority proposes further modification to the TIF Plan to authorize the use of tax increment from the District for acquisition of land within the Redevelopment Project and to modify the estimate of costs and sources of revenue without increasing the total overall budget for the District as authorized in the TIF Plan; WHEREAS, the Authority has investigated the facts and has caused to be prepared a modification to the Redevelopment Program for the Redevelopment Project, and a modification to the TIF Plan for the District (together, the "Modifications "); and WHEREAS, the City has performed all actions required by law to be performed prior to the modification of the Redevelopment Program and the TIF Plan, including, but not limited to, notification of Wright County and Independent School District No. 882 having taxing jurisdiction over the property included in the District and the holding of a public hearing upon published and mailed notice as required by law. NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the City of Monticello Economic Development Authority as follows: The Modifications as set forth in Attachment 1 to this resolution are hereby approved and adopted. 433816v2 NMI NM190 -101 2. Subject to approval of the Modifications by the City Council, the Executive Director of the Authority is hereby authorized and directed to transmit a certified copy of this resolution and a certified copy of the City Council resolution approving and adopting the Modifications, together with Attachment 1, to the Office of the State Auditor, the Minnesota Department of Revenue, and Wright County. Approved this 13th day of November, 2013, by the Board of Commissioners of the City of Monticello Economic Development Authority. Chair ATTEST: Secretary 2 433816v2 NMI NM190 -101 ATTACHMENT 1 AMENDMENT OF THE REDEVELOPMENT PROGRAM FOR CENTRAL MONTICELLO REDEVELOPMENT PROJECT NO. 1 AND MODIFICATION OF THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1 -6 WITHIN REDEVELOPMENT PROJECT NO. 1 I. Background The City of Monticello (the "City ") originally established Tax Increment Financing District No. 1 -6 (the "District ") within Central Monticello Redevelopment Project No. 1 (the 'Redevelopment Project ") and adopted the Tax Increment Financing Plan (the "TIF Plan ") therefor on November 12, 1985 (Resolution No. 85 -23). The City subsequently adopted modifications to the District on September 28, 1987 (Resolution No. 87 -30) and on February 13, 2006 (Resolution No. 2006 -7); The September 28, 1987 modification, among other things, approved additional project expenditures, extended the original decertification but not to exceed the duration of the District to accommodate retirement of additional project costs, and increased total tax increment expenditures or designation of additional property to be acquired. The February 13, 2006 modification, among other things, authorized the City or the Housing Redevelopment Authority in and for the City of Monticello (which has since transferred the administration of the District to the City of Monticello Economic Development Authority, hereafter called the "Authority ") to acquire any parcel within the District, approved additional project expenditures and modification to the budget, increased the authority to incur bonded indebtedness, modified the estimated sources of revenue, and clarified the duration of the District. The City and the Authority have now determined a need to further modify the Redevelopment Program and TIF Plan in order to authorize the use of tax increment from the District for acquisition of land within the Redevelopment Project and to modify the estimate of costs and sources of revenue without increasing the total overall budget for the District as authorized in the TIF Plan. The modification to the Redevelopment Program for the Redevelopment Project includes budget revisions to coincide with the TIF Plan for the District. Nothing in this modification is intended to supersede or alter the activities described in the original Redevelopment Program. The TIF Plan remains in full force and effect and is not modified except as described in this modification document. 3 433816v2 NMI NM190 -101 II. TIF Plan Modifications to TIF District No. 1 -6 The following sections of the TIF Plan for TIF District No. 1-6 are modified as shown: Subsection F. Parcels in Acquisition. Replaced in its entirety to read as follows: Subsection F. Parcels in Acquisition. The City or Authority may acquire any parcel located within the boundaries of the Redevelopment Project, including adjacent street rights of way. Property may be acquired by the City or Authority only in order to accomplish one or more of the following: storm sewer improvements; provide land for needed public street utilities and facilities; or transfer to private developers in order to accomplish the uses and objectives set for in the TIF Plan. The City or Authority may acquire property by gift, dedication, condemnation or direct purchase from willing sellers in order to achieve the objectives of the TIF Plan. Such acquisition will be undertaken only when there is assurance of funding to finance the acquisition and related costs. The City or Authority may also reimburse developers for costs of land acquisition in lieu of direct acquisition by the City or Authority. Subsection G. Estimate of Costs. Replaced in its entirety to read as follows: Subjection G. Estimated Sources and Uses of Funds. The estimated sources of revenue, along with the estimated public costs of the District, are itemized in Figure G -1. These estimates are based on the best available information in the sources and uses of funds. Such costs are eligible for reimbursement from tax increment derived from property, and other listed sources of tax increment revenue from the District. Subsection I. Sources of Revenue. Deleted in its entirety. 4 433816v2 NMI NM190 -101 FIGURE G -1 City of Monticello, MN Tax Increment Financing District No. 1 -6 Projected Tax Increment TOTAL Estimated Tax Increment Revenues (from tax increment generated by the district) Tax increment revenues distributed from the county 1,650,000 Interest and investment earnings 267,000 Sales /lease proceeds 67,500 Market value homestead credit - Total Estimated Tax Increment Revenues 1,984,500 Estimated Project/Financing Costs (to be paid or financed with tax increment) Project costs: Landibuilding acquisition 933,000 Site improvements /preparation costs 247,197 Utilities - Other qualifying improvements 320,930 Construction of affordable housing - Small city authorized costs, if not already included above - Administrative costs 45,000 Estimated Tax Increment Project Costs 1,546,127 Estimated financing costs Interest expense 397,373 Total Estimated Project/Financing Costs to be Paid from Tax Increment 1,943,500 Revenue Less Expense (Fund Balance) 41,000 Estimated Financing Total amount of bonds to be issued 350,000 433816v2 NMI NM190 -101 EXTRACT OF MINUTES OF A MEETING OF THE CITY OF MONTICELLO ECONOMIC DVELOPMENT AUTHORITY WRIGHT COUNTY, MINNESOTA HELD: November 4, 2013 Pursuant to due call and notice thereof, a regular meeting of the City of Monticello Economic Development Authority, Wright County, Minnesota, was duly held at the Monticello City Hall on Monday, the 4th day of November, 2013 at 7:00 p.m. for the purpose, in part, of adopting a modification of the Redevelopment Program for Central Monticello Redevelopment Project No. 1 and adopting a modification of the Tax Increment Financing Plan for Tax Increment Financing District No. 1 -6. The following Commissioner were present: and the following were absent: Commissioner moved its adoption: introduced the following resolution and The motion for the adoption of the foregoing resolution was duly seconded by Commissioner and upon vote being taken thereon, the following voted in favor: and the following voted against the same: Whereupon said resolution was declared duly passed and adopted. 6 433816v2 NMI NM190 -101 CERTIFICATION STATE OF MINNESOTA ) ) ss. COUNTY OF WRIGHT 1 I, the undersigned, being the duly qualified and Secretary of the City of Monticello Economic Development Authority, DO HEREBY CERTIFY that the attached resolution is a true and correct copy of an extract of minutes of a meeting of the Board of Commissioners of the City of Monticello Economic Development Authority, duly called and held, as such minutes relate to the calling of a public hearing on the Central Monticello Redevelopment Project No. 1, and tax increment financing plan modification for Tax Increment Financing District No. 1 -6. WITNESS my hand as such Secretary of the City of Monticello Economic Development Authority this day of November, 2013. 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R E +� W c N > Y ,—` O � O � R R N O- alu R E �n O — R m C J C W Q i V _ W 3 C F N Y d O N Y O p lL V N a+ U t C R E R R N aR+ W x lu O\ RC N N F W RC v- .O N O V N Q F '50 R R x E m .O. Vl m E� W .O. W E R O W W W H V � V O �o v LL R � C Y EO R O O N N � V O t E Y � N � O V �- N O Q O R .n C v � v v v s � H � O � \ N M � � o N� N N t6 N � O C � O � C0 w � Q O O 2 Q u V V t v 3 O E s O v v v 'o 0 o v s v o O = O ,. o a O Q O K � H � N rl = O N N N � N C L O o O -0 0 `o n v� HT O -O � V Q � N -in m � E v v aL+ > O O Q v E C a L O m m C C N O O O Z V V ri Y N C (6 0 a HT C N Q E a L O E V V F O m a` rc Zn 1A PRELIMINARY - FOR DISCUSSION PURPOSES ONLY City of Monticello, MN Proposed Modification of Tax Increment Financing Plan for Tax Increment Financing District No. 1-6 (the "Modification ") Calendar of Items (including for decertification) DATE ITEM October 9, 2013 EDA to consider request that the City Council call for a public hearing on a Resolution for Modification. October 14, 2013 City Council adopts resolution calling for a public hearing on the Modification. October 15, 2013 County Commissioner Pat Sawatzke, District 2, to receive written notice of the proposed Modification. October 18, 2013 Draft of Modified TIF Plan for TIF District No. 1 -6 finalized. October 23, 2013 Wright County (Auditor) and Monticello Public School District (Superintendant) to receive written notice of the proposed Modification and a copy of the draft Modified TIF Plan. November 4, 2013 Planning Commission reviews Modified TIF Plan to determine if it is in compliance with City's comprehensive plan. November 4, 2013 Submission of public hearing notice to Monticello Times. November 13, 2013 EDA consider the Modification and adopts a resolution approving the Modified TIF Plan. November 14, 2013 Date of publication of hearing notice and map for TIF District No. 6 (at least 10 days but not more than 30 days prior to hearing). November 25, 2013 City Council holds a public hearing at approximately 7:00 p.m. on the Modification and adopts a resolution approving the Modified TIF Plan. December 6, 2013 Modified TIF Plan and other required documentation to be filed with the Office of the State Auditor, Minnesota Department of Revenue, and Wright County. December 9, 2013 City Council adopts resolution approving decertification of TIF District No. 1 -6. By December 31, Inform Wright County of decertification. Complete and send Confirmation 2013 of Decertified TIF District form to Wright County and then to Office of the State Auditor. NORTHLAND STRATEGIES Speciol Projects Group 10/3/2013 C O V 7 O i C y MINUTES SPECIAL MEETING - MONTICELLO PLANNING COMMISSION Monday, November 4, 2013 - 6:00 PM - West Prairie Room, Monticello Community Center Present: Bill Spartz, Charlotte Gabler, Grant Sala, Sam Burvee Absent: Brad Fyle Others: Angela Schumann 1. Call to Order Bill Spartz called the special meeting to order at 6 p.m. 2. Purpose The purpose of the special meeting is to approve meeting minutes, review modifications to the TIF Plan for compliance and provide a Director's update. 3. Consideration to approve Plannine Commission minutes a. Regular Meeting Minutes - September 3rd, 2013 —Not available b. Special Meeting Minutes - October 1St, 2013 GRANT SALA MOVED TO APPROVE THE OCTOBER 1sT, 2013 SPECIAL MEETING MINUTES. CHARLOTTE GABLER SECONDED THE MOTION. MOTION CARRIED 4 -0. Regular Meeting Minutes - October 1st, 2013 — Not available 4. Citizen Comments None 5. Consideration of addine items to the aeenda None 6. Consideration of adoptine Resolution 2013 -094 findine that a modification to the TIF Plan for TIF District No. 1 -6 conforms with the 2008 Monticello Comprehensive Plan The commission reviewed proposed modifications to the TIF Plan for TIF District 1 -6 in response to the statutory requirement that such modifications conform to the general plan for development or redevelopment of a municipality as a whole. Angela Schumann indicated that modifying the TIF 1 -6 Plan before the district is due to decertify at the end of 2013 would enable the EDA to utilize increment to pay for current redevelopment needs. The first proposed modification would allow the EDA to use the increment for acquisition and site improvements anywhere within the Planning Commission Special Meeting Minutes: 11/04/13 established redevelopment area of the City, which encompasses a majority of the city, including the downtown. The second proposed modification would reallocate increment among line items in the budget so that it would be available to spend on acquisitions and needed site improvements. Angela Schumann stated that the proposed modifications support redevelopment and revitalization priorities as identified in the Embracing Downtown Plan, which has been included as a chapter of the 2008 Monticello Comprehensive Plan. The Embracing Downtown Plan specifically points to TIF 1 -6 as a funding source for accomplishing downtown redevelopment goals. Charlotte Gabler asked if the increment could also be used to benefit businesses that had paid into the district. Staff indicated that the original district expenditures supported the redevelopment of the district, which also then benefitted surrounding businesses. She pointed out that there are also other EDA loan and subsidy options in place to assist new and existing businesses in and around that district. Other programs could be examined as future possibilities with the assistance of the EDA attorney. SAM BURVEE MOVED TO ADOPT RESOLUTION 2013 -094, FINDING THAT A MODIFICATION TO THE TIF PLAN FOR TIF DISTRICT NO. 1 -6 CONFORMS TO THE GENERAL PLANS FOR THE DEVELOPMENT AND REDEVELOPMENT OF THE CITY OF MONTICELLO, BASED ON THE FINDINGS IN SAID RESOLUTION. CHARLOTTE GABLER SECONDED THE MOTION. MOTION CARRIED 4 -0. This item will be included in the November 14th EDA agenda prior to moving forward for public hearing and final consideration by the City Council on December 9th. 7. Community Development Director's Report R -4 Workshop - The Planning Commission /City Council R -4 workshop is scheduled for 5:30 p.m. on Monday, Nov 25t''prior to the regularly scheduled City Council meeting. Embracing Downtown - Staff met with Restoreing Downtown representatives Kevin Sorenson and Steve Johnson to consider plans for updating stakeholders about continued Embracing Downtown Plan efforts at a January open house. Mills Fleet Farm - Staff will again contact Fleet Farm to determine the status of their development plans. The extension to the original Conditional Use Permit expires in June. 8. Adjournment CHARLOTTE GABLER MOVED TO ADJOURN THE SPECIAL MEETING AT 6:14 Planning Commission Special Meeting Minutes: 11/04/13 PM. GRANT SALA SECONDED THE MOTION. MOTION CARRIED 4 -0. Recorder: Kerry Bum Approved: December 3, 2013 Attest: Angela Schumann, Community Development Director EDA Agenda: 11/13/13 6. Consideration to proceed with unlawful detainer action for 100 Broadway East. (JO /AS) A. REFERENCE AND BACKGROUND: On October 9th, the EDA considered action to proceed with unlawful detainer as related to the remaining tenant at 100 Broadway East. After discussion regarding the relocation and unlawful detainer processes, and hearing testimony from the tenant, his representative, the City Attorney and the EDA's relocation consultant, the EDA approved the following motion in a 6 -0 (with one abstention) vote. Motion to proceed with action of unlawful detainer against the remaining tenant at 100 Broadway East, as a result of failure by the tenant to enter into an alternate lease agreement by the required deadline of September 30, 2013, and that the EDA proceed to unlawful detainer after a one -month period to allow the tenant time to resolve issues related to a current relocation opportunity and that should the tenant have resolved the noted issues, the EDA revisit the action to proceed to unlawful detainer after the one month period. At this time, the tenant has verbally indicated to Wilson Development Services, the EDA's relocation consultant, that a funding source is available sufficient to address the funding gap previously noted for the tenant's proposed relocation space. The tenant is therefore understood to be continuing to work toward relocation. Accordingly, Campbell Knutson has been instructed to delay filing of the unlawful detainer action, which based on the EDA's motion, would have occurred on November 8th (30 days). Wilson Development Services has been working to arrange a meeting of the tenant, tenant's representative and contractor, and City representatives. The meeting would enable all parties to work through the timelines, funding sources and funding uses necessary for moving the relocation forward. This would include the matter of a lease between the EDA and tenant, for the tenant to remain in the current 100 Broadway East space during the relocation space build -out. As of the date of this report, the meeting has not yet been scheduled. Timing concerns remain an issue, both as related to the construction of the TH 25 /CSAH 75 public improvements, and as related to additional costs associated with continued common area heating and payment for tenant water and sewer utilities for the current building. Therefore, staff s recommendation is that the EDA consider action allowing staff to proceed with unlawful detainer filing should the tenant fail to sign a lease for an alternate space by December 1, 2013. EDA Agenda: 11/13/13 Tom Scott of Campbell Knutson has noted that if the EDA files with the court for unlawful detainer at that time, and a lease for a new space materializes after that date, but before the court hearing, the EDA can work with the tenant on remaining in the current space until final build -out of the new space is completed. It should be noted that the tenant has signed and returned to the City Attorney a settlement order related to the vacation of the current lease space. This document would be filed with the court to indicate the tenant's agreement to vacate the space based on the expiration of the lease. If the tenant moves forward with the lease for a new space, the tenant will be asked to consider signing a new order. Al. Budget Impact: There will be legal fees associated with unlawful detainer action. The EDA will also continue to incur costs related to relocation, trash removal, building heat and electricity for common spaces and water /sewer until the final relocation or vacancy of the remaining tenant is completed. Campbell Knutson has also been asked to draft a lease extension for the 100 Broadway space, in the event relocation proceeds forward. The expenses to -date have been coded to TIF 1 -22. A2. Staff Workload Impact: Staff time has been and will continue to be spent assisting in the relocation and redevelopment planning for this site. B. ALTERNATIVE ACTIONS: 1. Motion to proceed with action of unlawful detainer against Garry Ekegren/dba Pizza Factory, tenant at 100 Broadway East, as a result of failure by the tenant to enter into an alternate lease agreement by the required deadline of December 1, 2013. 2. Motion of other. C. STAFF RECOMMENDATION: Staff recommends alternative 1 above. This action would allow the tenant to continue working toward relocation to an alternative site over the next two weeks, but provides the EDA with the ability to move toward unlawful detainer action and final tenant vacation of the building within a specified timeframe. D. SUPPORTING DATA: None. 7. Consideration of Director's Report. (JO /AS) 2014 EDA Commissioner Terms The EDA may recall that Commissioner terms were realigned in 2012 to follow the EDA requirements of the EDA Enabling Resolution. As such, records show that no EDA Commissioner terms will expire in December of 2013. Current terms are as follows: Economic Development Authority (6 -year staggered terms) Bill Tapper 6 yr 12/2015 Tracy Hinz 6 yr 12/2016 Rod Dragsten 6 yr 12/2014 Bill Demeules 6 yr 12/2018 Matt Frie 6 yr 12/2017 Tom Perrault Council Brian Stumpf Council The EDA makes appointments for the officer positions of President, Vice - President, Secretary and Treasurer at its annual meeting in February, per EDA bylaws. GMEF Loan No. 24 Tapper's Holdings, LLC, has paid GMEF Loan No. 24 in full. An accounting of the resulting impact to available GMEF loan funds will be provided as part of the annual fund balance review at the EDA's February annual meeting. 2014 EDA Budget In August of 2013, the EDA discussed and recommended a preliminary budget for 2014. The budget included each of the EDA's sub - funds, as well as a recommended allocation to the EDA "General" sub -fund from the City's General Fund. The EDA "General" sub - fund provides funding for EDA operations (marketing, memberships, consulting fees, etc). The minutes of August 6th and 13th reflect the EDA's 2014 budget discussions. The City Council's adopted preliminary budget for 2014 includes the recommended EDA "General" sub -fund allocation. A final budget for EDA consideration of approval will be presented at the EDA's December meeting. 2013 Industry of the Year Event On October 23rd, 2013, the City of Monticello IEDC presented the 2013 Monticello Industry of the Year Award to Suburban Manufacturing. The award was presented during the IEDC's annual Industry of the Year & Manufacturer's Appreciation Breakfast. The event was hosted by the IEDC and EDA and sponsored by the Monticello Times. EDA Agenda — 11/13/13 Suburban representatives accepted the award after a presentation by IEDC acting chair Wayne Elam, which highlighted Suburban's product lines, innovation, community involvement and amazing growth. Following the award presentation, guest speaker Bruce Peterson, Executive Dean of Academic Initiatives at St. Cloud Technical College addressed the crowd of nearly 70. Mr. Peterson pointed out Wright County's impressive manufacturing employment numbers and the larger than average young workforce. Mr. Peterson was also able to showcase the numerous programs that the STTC offers to assist manufacturers in developing their workforce, both today and tomorrow. Judging from the crowd surrounding Mr. Peterson after his presentation, this is an important issue for Monticello's manufacturers. Copies of both the Suburban award presentation are posted on the City's website. Block 34 TIF Qualification, Building Demolition On October 23rd, City staff met with TIF coverage and qualification experts from consulting firm LHB on strategy and scope for the block. As noted previously, in order to qualify for creation of a future redevelopment district, the EDA must complete coverage and qualification tests on parcels and buildings prior to demolition. As a result of the meeting, LHB has made a preliminary recommendation for the parcels and buildings to be included in the test analysis. The recommendation was based on the current conditions and ownership status on the block. This information will be summarized and discussed with the EDA's attorney prior to further action. LHB confirmed that the EDA must certify the findings of the coverage and qualification tests prior to demolition of the buildings. At that time, the EDA will have a three year window under which to create a redevelopment district with accompanying project. Staff will also be meeting with Northland Securities the week of November 12th to discuss further strategy related to qualifications on this Block particularly as related to the current TIF District and future redevelopment district opportunities. Embracing Downtown Staff believes that an "update" open house with the many community stakeholders involved in the Embracing Downtown planning effort should be planned. Although much work is currently occurring to achieve the plan goals, much of that work is not a physical or visible improvement. This may be leading to questions on just what is happening with the plan. It is important to communicate with the stakeholders on the continued efforts and commitment to the Embracing Downtown vision. As such, staff will be working to arrange the open house early in the new year for the purpose of an update to stakeholders on: EDA Agenda — 11/13/13 • Block 34 progress • EDA Options Group work • TIF 1 -6 modifications • TH 25/75 Improvements • ReStoreing Downtown committee work 413 W. 4th Street The buyer interested in acquisition of 413 W. 4t' Street has withdrawn his interest in property acquisition. A written withdrawal for files has been received. The potential buyer indicated that it his intention to remain in his current home.