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HRA Agenda 07-05-2000 . 1. 2. 3. 4. 5. . 6. AGENDA MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY Wednesday, July 5, 2000 - 7:00 p.rn. City Hall - 505 Walout Street - Bridge Room MEMBERS: Chair Darrin Lahr, Vice Chair Dan Frie, Brad Barger, Steve Andrews, and Bob Murray. COUNCIL LIAISON: Brian Stumpf OFFICERS: Treasurer Rick Wolf steller, Executive Director Ollie Koropchak, and Recorder Lori Kraemer. GUESTS: Brad Johnson, Lotus Real Estate Barry Fluth, BBF Properties Larry Olson, Metro Plains Call to Order. Consideration to approve the HRA minutes of June 7, 2000. Consideration of adding agenda items. Consent Agenda. Consideration of items removed from the consent agenda for discussion. Consideration to hear a conceptual plan for redevelopment of the Amoco West Broadway/plus site and a motion authorizing an exclusive 60-day right to work with Developer Brad Johnson. 7. Consideration to hear renewed interest for redevelopment of the Klucas property as affordable housing and a motion of intent for use of TIF. 8. Consideration to hear progress relative to research ofputpose/objective and funding for a scattered housing program and a motion of action/direction if so necessary. 9. Consideration to discuss amending the wage requirement within the Business Subsidy Criteria of the HRA and a motion requesting the City Council call for a public hearing. 10. Consideration to authorize payment of the monthly BRA bills. 11. Consideration of Executive Director's Report. 12. Consideration of committee reports: a) City Council - Stumpf b) MCP - Andrews c) Marketing - Barger/Lahr . 13. 14. Other Business. Adjournment. Next HRA meeting, August 2, 2000. . . . HRA Minutes - 6/7/00 MINUTES MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY Wednesday, June 7,2000 - 7:00 p.m. City Hall- 505 Walnut Street - Bridge Room Members Present: Chair Darrin Lahr, Vice Chair Dan Frie and Brad Barger Bob Murray arrived at 8 PM. Absent: Steve Andrews and Council Liaison Brian Stumpf OHicers Present: Executive Director Ollie Koropchak, Deputy City Administrator Jeff O'Neill and Recorder Lori Kraemer. GUESTS: HRA Attorney Steve Bubul, Kennedy & Graven. Brad Johnson, Lotus Real Estate. Barry Fluth 1. Call to Order. Chair Darrin Lahr called the meeting to order at 7 PM. 2. Consideration to approve the HRA 5:30 and 7:00 p.m. minutes ofMav 3, 2000. A MOTION WAS MADE BY DAN FRIE AND SECONDED BY BRAD BARGER TO APPROVE THE MINUTES OF THE HRA, CITY COUNCIL AND LENDERS WORKSHOP ON MAY 3, 2000. Motion carried. A MOTION WAS MADE BY DAN FRIE AND SECONDED BY BRAD BARGER TO APPROVE THE MINUTES OF THE REGULAR HRA MEETING OF MAY 3, 2000. Motion carried. 3. Consideration of adding agenda items. Committee updates were added as item 11 a. 4. Consent Allenda. None 5. Consideration of items removed from the consent agenda for discussion. None . . . BRA Minutes - 6/7/00 6. Consideration to hear a preliminary concept proposal for redevelopment of the Amoco West Broadwav site. Ollie Koropchak, Executive Director, reminded the members that Mr. Johnson was interested in talking to the HRA about the redevelopment of the Amoco site. At the direction of the joint meeting between the HRA, Council and local lenders, the HRA was encouraged to take steps toward redevelopment of the Amoco site and to research the potential to enlarge the targeted redevelopment site. Brad Johnson advised the HRA members of his interest, together with Mr. Barry Fluth, in possibly entering into an agreement with the BRA to work together on redeveloping this site. Mr. Johnson noted some of the options that could be looked at such as first floor mixed commercial with the upper two floors residential with detached garages (if there is a demand for residential), and asked for the HRA' s input. He also noted that there are several other houses on that lot that there could be a potential to purchase, as well as the possibility of looking even further up the block to include more of the neighborhood. Mr. Johnson also stated that he did talk to the owner of the Amoco site who stated he may be interested in working with someone on a project. Some issues discussed with this property included the possible need for hazardous waste cleanup and the question of whether there were monitoring tanks in place. Mr. Johnson advised the members that Barry Fluth has an interested in real estate investments in Monticello. Mr. Johnson proposed to the HRA entering into preliminary development agreement which would give Mr. Johnson/Mr. Fluth the exclusive right to work to develop the Amoco site, with HRA assistance, for at least 6 months. Mr. Johnson stated he could put together some ideas on this site immediately and would report back to the HRA at their next regular meeting on July 5. After further discussion, Mr. Johnson stated that they would also possibly be interested in redeveloping Blocks 52 and 54 in the future. 7. Consideration to discuss the recommendation of the ioint meeting, hear further explanation of the four-year knock down rule and five-vear knock out rule by Attornev Bubu\. and to authorize to proceed redevelopment of the Amoco site. Ollie Koropchak, Executive Director, noted that at the direction of the joint meeting between the HRA, Council, and local lenders, the HRA was recommended to take steps toward redevelopment of the Amoco site and to research the potential to enlarge the targeted redevelopment site. Dan Frie reported at the joint meeting he was asked to contact the owner of the Amoco site relative to the asking price which is $175,000. The owner was not interested in the HRA demolishing the structure only as this reduces the value of the property and the selling price. 2 . . . HRA Minutes - 6/7/00 Prior to addressing the HRA check list, Attorney Bubul explained the four-year knock down rule (ability to collect increment [revenues])and the five-year knock out (ability to finance [expenditures]) rule, as well as the 4 J rule. Mr. Bubul provided written information explaining these rules. Koropchak provided information regarding the expected tax increment assessed in January of 1999. Also noted was that this is in etTect until June of 200 1, and that the HRA has until February 01'2002 to get all information regarding that parcel to the County Auditor. Mr. Bubul stressed the need to keep on top of all paperwork showing activities that qualify that district, i.e. building permits, memos from staff as well as anything that may have been stimulated by certain activity, i.e. the Marquette Bank selecting the site they did due to the location of the new community center. Bubul also explained the different scenarios on what would happen if County Auditor were to turn the City down regarding TIF. Koropchak also went through a check list of items to determine prior to taking action on a possible preliminary agreement with Mr. Johnson regarding the Amoco site. A MOTION WAS MADE BY DAN FRIE AND SECONDED BY BOB MURRAY TO ACTIVEL Y PURSUE THE DEVELOPMENT OF THE AMOCO SITE. Motion carried. 8. Consideration to discuss the recommendation of the ioint meeting. to determine objective of the scattered housing program. and to recommend establishment of a community task force. Ollie Koropchak, Executive Director, reminded the members of the direction given at the joint meeting between the HRA, Council, and local lenders, staff was encouraged to pursue a scattered house program for the City of Monticello. A couple of years ago this was a City Council priority item; however, funding (estimated $200,000) was not approved for the program. It was suggested to develop criteria/guidelines prior to the Council approving funds for the program. Later, $20,000 was requested for a I'lousing Study but the request was denied. Objectives the City of Monticello wants to accomplish with the development of a scattered housing program were again discussed including increase exterior aesthetics, eliminate substandard housing, eliminate unsafe and hazardous housing, provide atTordable housing, etc. Ollie Koropchak and JefT O'Neill discussed some of the programs in place at such cities as Richfield, Robbinsdale and Crystal where public funding sources came trom either or a combination of Special Legislation, Community Development Block Grants, and/or TIF. Copies of some information retained from Richfield, Crystal, and Big Lake were .... .) . . . HRA Minutes - 6/7/00 provided. Some planning steps to establish a program were discussed such as establish purpose of the scattered housing program, define objectives or goals to accomplish, preliminary assessment of existing housing stock, determine type of housing programs, determine sources for public funding of programs, develop criteria for program and develop marketing plan for program. It was suggested forming a Community Task Force Committee of five members made up of the following local professions: Lender, home builder, developer/contractor, real estate agent. appraiser, and a HRA/Planning Commissioner to pursue researching a scattered housing program. Attorney Bubul also provided his input on pursing different programs for funding that he is familiar with. Bob Murray stated taking this issue to the Planning Commission and having a member backing this item when presenting it to the City Council. Dan Frie volunteered to work with Jeff O'Neill as a subcommittee to compile information for the next HRA meeting in July. A MOTION WAS MADE BY BOB MURRAY AND SECONDED BY DAN FRIE TO TABLE ANY THIS ITEM UNTIL THE REGULAR MEETING IN JUL Y. Motion carried. 9. Consideration to amend the HRA Bylaws as it relates to the selection and compensation of the Executive Director of the HRA per the Bvlaws. Ollie Koropchak, Executive Director, advised the members of a previous motion to amend the Bylaws relative to the office meeting place of the HRA, which was done at that time. Previously, the commissioners recommended amending the Bylaws, ARTICLE V., compensation of the Executive Director of the HRA as well. With the compensation for the Executive Director of the HRA determined and disbursed from the City funds in accordance with the City's Comparable Worth Program, the commissioners requested the Bylaws be amended for consistency. Attorney Bubul provided the language to amend the HRA Bylaws accordingly as well as provided further insight. A MOTION WAS MADE BY BRAD BARGER AND SECONDED BY DAN FRIE TO ADOPT A RESOLUTION AMENDING THE HRA BYLA WS AS PREPARED BY ATTORNEY BUBUL. Motion carried. 4 . . . 10. HRA Minutes - 6/7/00 Consideration to authorize pavment of the monthlv HRA bills. A MOTION WAS MADE BY DAN FRIE AND SECONDED BY BRAD BARGER TO AUTHORIZE PAYMENT OF THE MONTHLY HRA BILLS. Motion carried. 11. Consideration of Executive Director's Report. a) Portion Lots 6, 7, and 8, Block 7 (Corner of Locust and 6 Street) - Brad Johnson is possibly interested in a redevelopment project in this area. b) Bus Tour and Golf Outing - Scheduled for June 14. About 95 invitations mailed. Response as of June I - 36-bus tour/lunch and 26-golf. Promotional package being updated. Tour consist of commercial/industrial sites only. c) Legislative Update Seminar - Executive Director attended a seminar sponsored by Kennedy & Graven on June 2. d) 30 I Front Street - Had telephone call from Mrs. Rice relative to interest of City to acquire home along Front Street if their decision is to relocate. Just inquiry at this time. Encouraged her to come before the HRA and informed her of procedure to authorize an appraisal, etc. This house is located within the 5-year plan for acquisition as recommended by the North Anchor Committee. Properties in Block 54 and along the river were designated as priority. e) TIF District No. 1-22 - As you know with the 5-year knock-out rule if the HRA has no binding contract for expenditures or eligible expenditures paid for the projected tax increment, the BRA would retire its existing debt and decertify the district early. This means the HRA would lose their ability to maximize the use of the tax increment. A plan by the HRA to acquire properties in the 5-year plan area as recommended by the North Anchor may be advantageous. t) TIF District No. 1-20 - Copy of letter to Mr. Komarek relative to completion date per the Contract. Also provided a copy of the estimated market values as of January 2, 2000 for Phase I and Phase II of the Contract. The overall goal of the HRA, to remove blight and create quality market rate housing, is certainly being accomplished. It is the intent of the developer to begin construction of the 4-plex on Lots 17 and 18. The twin-home construction and market is well ahead of the Contract completion date for the entire area. The 4-plex market has been slower. g) TIF District No. 1-27 - Copies ofletters to appropriate individuals relative to the J. J. Company (Profile Powder Coating Company) project were provided. As noted the project did not receive private funding and the public funding applications are to remain on file. Reimbursement of the remaining balance of the HRA $5,000 deposit has not occurred as invoices from Ehlers and Kennedy & Graven have not been submitted to the HRA. The land purchase agreement has been canceled and the request for Plat approval 5 . . . lla. HRA Minutes ~ 6/7/00 is on hold. h) TIF 1-5 Modification inquiry - Copy of a letter to Gus Lafromboise was provided. i) Skipper's Pool - Letter of May 5 was provided. Received Certificate ofInsurance and Lease Agreement which should be executed soon. Checking if lease fee of $61 0.87 has been submitted. j) Financial Consultants - Follow-up letters. k) HRA/City Reports to City Auditor for 1999 - Should be receiving updated Quick TIF program from Ehlers so I can begin 1999 reports. 1) Twin City Die Castings - EDA and City loan closings scheduled for June 8, 2000. Committee Updates. Council Liaison Brian Stumpf was at Joint Fire Board Meeting this evening so no City Council update. Marketing - Golf outing update. Community Center - Bob Murray - Provided with a summary from Kitty Baltos, Community Center Director as to membership and daily users. 12. Other Business. None 13. Adjournment. A MOTION WAS MADE BY BOB MURRAY AND SECONDED BY DAN FRIE TO ADJOURN THE MEETING AT 9:25 PM. Motion carried. HRA Chair Recording Secretary 6 . . . BRA Agenda - 7/5/00 6. A. Reference and Ba~kt!round: At the June HRA meeting, Brad Johnson informed the commissioners, Barry Fluth, a local investors, was interested in redevelopment of the Amoco site consist with the redevelopment plan. He also expressed an interest to redevelopment the North Anchor in the future. The HRA requested Mr. Johnson bring something back to the July HRA meeting. Mr. Johnson asked the BRA for a 60 to 90-day right to develop the site. In June, the HRA made a motion to actively pursue redevelopment ofthe Amoco site. Here's a check list: Type of use in CCD zoning Project area Developer purchases parcels No need for HRA appraisal. Ifpay as you go, developer provides evidence and hires relocation consultant relative to relocation costs. ~llOwing the presentation by Brad Johnson, the HRA may wish 10 consider the following L3~ion. ~ ~~ \..0 -?- <t -00 - ~~~~~ B. Alternative Action: \.J.....rv.- ~ '\ 0 o~ ~ ~~ 1. A motion authorizing entering into an exclusive 60-day right to work with Brad Johnson/Barry Fluth for redevelopment ofthe Amoco site+. 2. A motion of no interest to enter into an exclusive 60-day right to work with Brad JohnsonlBarry Fluth for redevelopment of the Amoco site+ and requesting staff prepare and go out for an RFP. 3. A motion to table any action. c. Recommendation: Without seeing the concept, no recommendation is given. However, the lIRA does need to keep the five year knock~out rule in mind in order to allow for completion of planning, marketing, financing, and construction of the project by June 2002. 1 . D. None. . . BRA Agenda ~ 7/5/00 Sup~ortine Data: 2 . . . BRA Agenda - 7/5/00 7. onsideration to hear renewed interest for redevelo ment of th affordable housin2 and a motion of interest for use of TIF. as A. Reference and Back2round: In December 1998, Brad Larson appeared before the BRA and requested TIF assistance to enhance a tax credit application through the Minnesota Housing Finance Agency. The project consisted of32 units of rental property in Phase I and 28 units in Phase 11 The request for TIF assistance was not to exceed $10,000 for demolition and removal of existing mobile homes and site improvements, and a semi-annual real estate tax "rebate" of 50% of project taxes paid for a period offive years which would be used to ''buy down" the rents to the tenants. On January 6, 1999, the BRA approved TIF assistance for redevelopment of the Klucas property with said recommendation to the City Council. (See attached Jan 6, 1999 HRA minutes). On January 11, 1999, the City Council authorized a letter of acknowledgment for TIF assistance for redevelopment of the Klucas Property. This letter accompanied the tax credit application (See attached Jan 11, 1999 Council minutes). At the June 1999 BRA meeting, the commissioners were informed the TIP request was dropped as Brad Larson informed Koropchak the project was not awarded tax~credit funding for reason of site location - to far from core downtown area. The HRA had received a copy of the Affordable Housing Study as prepared for Brad Larson. Mr. Larry Olson, Metro Plains, working with Brad Larson, has contacted the office of the BRA and expressed renewed interest for redevelopment of the site and requesting a motion of interest for use of TIF. Because the tax credit application is awarded based on a point system and the criteria for the point system has changed, the developer has renewed interest. Mr. Olson will explain those changes to you. Note!! You will recall when the TIF Authority Reports for 1998 were completed and we estimated the reduction in tax increment for payable 1999 due to the reduction of the classification rates or due to Mr. Larson's request for a change in housing classification status, the tax increment for TIF District No. 1-2 was reduced from $41,192(1998) to $22,059 (1999). This reduction has caused a cash flow deficiency. The bond payment was $32,384 in 1999 and the estimated payment is $30,603 in 2000. The bond retires in 2007. The City can not apply for a grant for TIF deficiency from the State until there is an overall combined TIP District deficiency. The other alternative suggested by Ruff and Bubul was to talk and negotiate with Brad Larson. The Contract did include an Assessment Agreement with an EMV of $866,590 and $760,400 for the two housing apartments, Broadway Square and River Park View. The market values are in compliance. 1'11 reconfirm this with Mark, this may be our opportune time to negotiate. Regardless, this issue needs to be addressed. 1 BRA Agenda ~ 7/5/00 . Mr. Olson will make a presentation to the liRA. B. Alternative Actions: 1. A motion to approve the use of TIF assistance in the amount and terms as determined for the above project with a recommendation to forward the request to the City Council approving a letter of acknowledgment for use of TIF. 2. A motion to deny approval of the use ofTIF assistance for the above project. 3. A motion to table any action requesting additional information. C. Recommendation: Without the details of the project, no recommendation is given. When Mr. Olson was in my office, he explained the new criteria includes extra points if the project has other non- profit dollars invested in the project. I suggested soliciting other non-profit dollars rather than requesting additional dollars from the public sector. D. Supportioe Data: . Copy ofHRA and Council minutes and copy of ED report. Map of project area. . 2 . . . \ q~o 'Q..."..J..." cat- w ~O. !)lo fie r~ \fI \J \?~.soO ~\'C;) ~').,\\)o l G OJ.--.fJ.-a/ ) MetcaLfi Larson & Mut/i} P. A. 'f-?:; ~ . tD 0 ATIORNEYS AT LAW 313 Wut Broadway P.O. Box 44f MDnticdIo, Minnesota. 55362-044ii mbnfaw@sonwm.cam \"C '?'--\~ \ S S - So 0 .. 6 l.~ \. 4 (j ~ BRADLEY V. LARSON STEVEN). MUTH .JAMES G. METCALF, OfCOUNSLL (1975.1995) .sALLY B. NELSON p~ TELEPHONE (61.2) 295-3232 EAX (61.2) .295-3132 Ollie Koropchak Housing & Redevelopment Authority City of Monticello 250 East Broadway Monticello, MN 55362 Re: Little MOlmtain Manor Limited Partnership . Dear Ollie: Thank you for the opportunity of appearing in front of you last evening. I also wish to present to you the concept plan for Little Mountain Manor Townhomes to be located on the Edgar Klucas property. I take this opportunity to summarize and formalize in writing for your file m) request for pay as you go TIP assistance for the housing project as followings: L Demolition and removal of existing mobile homes and metal buildings on the premises, termination of two existing wells on the premises, termination of existing hooked up water lines, and soil correction ot existing septic system. The estimates that I have in hand to date from Scbluender Construction and Bjorklund Well indicate that these expenses should not exceed $10,000,00. 2. A semi-annual real estate tax "rebate" of 50% of the project taxes paid for a period of five years which funds would be used to "buy down" the rents to the tenants to make the rents more affordable. As I indicated to the HRA, the TIF assistance is requested to aid in the pointing process to win Minnesota Housing Finance Agency approval for tax credits for the project in Monticello. As this is a competitive process the TIF enhancements earn the project pointing entitlements which will enhance the ability to gain a tax credit allocation. After a five year period of the TIF the rebates would cease and the rents would increase accordingly. Bob Murray proposed a question with regard to income and rent levels and EXHIBIT Al (1 of 2) \,0/ \ . . . Ollie Koropchak December 10, 1998 Page 2 toward that end I enclose a copy of the Minnesota Housing Finance Agency income and rent limit which was effective Februaty 21, 1998. The page I enclose is for Wright County and there is highlighted the area which indicates the maximum rents based on family size and income size. I did contact AdMark who is doing the market study and they will ship a market study to you directly for your use. If you have any questions please don't hesitate to contact me. Respectfully, METCALF, LARSON & MUTR, P.A. By: . Larson BVL:ds Enclosure EXHIBIT A (2 of 2) kd-- \\~~ ~ ~ ~ , J.. ~ - ~ \ tt C{ 9 . B. Consideration to approve the Certificate of Completion for Blue Chip Development Company. Executive Director Ollie Koropchak stated that, as of this date, the Certificate of Occupancy had not been issued on this property; therefore the HRA cannot approve the Certificate of Completion for Blue Chip. A MOTION WAS MADE BY DARRlN LAHR AND SECONDED BY BOB MURRAY TO TABLE THIS ITEM. Motion carried unanimously. 6. Consideration to review affordable housing market study and to approve TIF assistance for the redevelopment of the Klucas property with a recommendation to the Citv Council. Ollie Koropchak reviewed the agenda item stating that at the December 9, 1998, HRA meeting Brad Larson gave a presentation on the proposed concept plan for redevelopment of the Klucas property. Mr. Larson requested TIF assistance in an amOlmt not-to-exceed $10,000 for site cleanup and a percentage of tax increment to reduce rental rates. Mr. Larson also requested a Letter of Intent for submittal with the Minnesota Housing Finance application. The BRA had postponed making a reCOl1ll11endation to the City Council until they had reviewed the Market Study. . The agenda packet contained a summary of the Market Study. The complete study was not complete in time to be included in the agenda packet. Mr. Larson stated that the Market Study was at the printers and would be available soon. Dan Frie asked if the renters paid a certain percent of income. Mr. Larson stated that the rent is pre-set plus utilities. Ollie Koropchak asked if the Planning Commission needed to review the project. Jeff O'Neill stated that there were no set-backs required, however, the Planning Commission would have to do a site plan approval. Ms. Koropchak asked Mr. Larson how many units would be built in Phase 1 and the anticipated completion date. Mr. Larson stated that 32 units would be built in Phase I and 28 Units in Phase II. The plan is for all 32 units to be built and ready to rent in 1999. Darrin Lahr asked if the maximum rent was $875 under HUD. Mr. Larson stated he requested a semi-annual "rebate" of 50% of the project taxes paid for a period of five years to obtain rent reductions. Darrin Lahr askcd Mr. Larson if, after five years, the rents would increase. Mr. Larson stated that the rents would increase. HUD usually allows a 2-3% increase per year. The tenants will sign a year to year lease and a letter will be sent to the tenants letting them . 2 . . . ~'{Z'f\ ~ ~to ~ \C\ C\ C\ know of the coming rental increase. There will be full disclosure at the time of renting. Bob Murray wanted to know if all the units were three bedrooms and how many rental units were currently in Monticello. Mr. Larson stated that all the units are three bedrooms. He was not sure of the number of rental units, but the expanded Market Study would show that information. Darrin Lahr wanted to know how the abatement would be handled. Mr. Larson stated that the company will pay their taxes twice a year to the County and then the City will rebate a portion back to the company. Bob Murray asked if the County also participated. Ms. Koropchak stated that she would check with Wright County to make sure that they will participate. A MOTION WAS MADE BY STEVE ANDREWS AND SECONDED BY DAN FRlE TO APPROVE TIF ASSISTANCE FOR REDEVELOPMENT OF THE KLUCAS PROPERTY WITH THE SAID RECOMMENDATION TO THE CITY COUNCIL. Jeff O'Neill stated that he felt the developer should have considerable discussion with the new mayor to obtain his input regarding any City assistance. Motion carried unanimously. 7. Consideration to approve financing the services of Michael Schroeder as facilitator and coordinator of the January 20 council/commission workshop meeting relating to the North Anchor. Darrin LaIn stated that Mr. Schroeder's letter indicated the workshop would last no longer than two hours and he felt this was not realistic. Executive Director Ollie Koropchak stated that Mr. Schroeder would serve as facilitator with each commission sharing in the discussion on the River Front. It is her wish that everyone has a chance to voice their opinion. It may be necessary to establish some form of public participation. Dan Frie asked if there had been any objections to the Revitalization Plan adopted by the Council. Ms. Koropchak stated that as far as she knew, there had been no objections voiced. It was felt the River Front development should be thought out carefully. Darrin Lahr asked if we were hoping to have a resolution to the matter in this workshop. Ms. Koropchak stated it may be decided to obtain public input. Steve Andrews would like a closed end on this workshop. " J ;, ~ Council Minutes - III 1/99 A MOTION WAS MADE BY CLINT HERBST AND SECONDED BY BRUCE THIELEN TO DIRECT STAFF TO PREPARE A [,ETTER REGARDING ISSUES SUCH AS NOISE, VISUAL IMPACT, TRAFFIC, SAFETY, AND ENVIRONMENTAL RISKS RELATING TO THE PROPOSED SAND AND GRAVEL MINING OPERATIONS. Motion carried unanimously. Consideration of authorizing execution of a Letter of Acknowledgement for TIF assistance for redevelopment of the Klucas property. Developer Brad Larson requested that Council consider execution of a Letter of Acknowledgement for TIF assistance for the redevelopment of the Klucas property. Redevelopment of the property would include construction of 32 three-bedroom rental townhome units in phase 1. The Letter of Acknowledgement would be submitted by the developer as part of a tax credit application to the Minnesota Housing Finance Agency (MHF A). When a tax credit application includes public participation such as TIF assistance, the application receives additional points, giving the application a greater chance for award of competitive dollars. The requested assistance is for reimbursement of soils correction in an amount not to exceed $10,000 and 50% of the annual tax. increment over 5 years to buy down the rents to the tenants. The total market value of the 32 lUlits is estimated at $1,440,000. The TTF District would be a Qualified Housing District, exempting the City from the HACA penalty or local match. The BRA approvcd the use ofTIF for redevelopment of the Klucas property subject to City Council execution of the Letter of Acknowlcdgemcnt. Council discussed the usc of TI F at a time when development and annexation requests are high. Questions were raised as to whether TIF money should be used to promote low to moderate income housing when commercial and industrial development are needed. The proximity of the R-2 propeliy to industrial land was also noted in that higher-end housing would not likely be proposed for this area. AFTERDTSCUSSION, A MOTION WAS MADE BY BRIAN STUMPF AND SECONDED BY ROGER CARLSON TO AUTT-IORIZE EXECUTION OF A LETTER OF ACKNOWLEDGEMENT FOR TIF ASSISTANCE FOR REDEVELOPMENT OF -fUE KLUCAS PROPERTY. Voting in favor: Brian Stumpf, Roger Carlson, Bruce Thielen. Opposed: Clint Herbst, Roger Belsaas. Motion carried. Consideration of annual appointments for 1999. Mayor Belsaas proposed that Council member Clint Herbst be appointed to the MOAA Board scat vacated by Planning Commission Chair Dick Frie. Councilmcmber Clint Herbst proposed that City Council take a closer look at appointments to the HRA due to the impact the Authority can have on the city. Page 4 . . . BRA Agenda - 6/9/99 Consideration of Executive Director's report: a) Brad Larson Tax-Credit project - Attorney Larson informed me his proposed tax- credit project along River Street across from the NSP Training Center was not awarded tax-credit funding. Larson requested TIF assistance which the BRA and Council endorsed. Reasons for non-funding was site location - to far from core downtown area. TIP request dropped. Project Updates - 200,000 sq ft building 20 acres - This project is still forth coming. The company owner will be golfing on Wednesday. 100+ acre request - Monticello continues on the site selection search and remains of the short list. Addition maps of the City and site were requested this week. Looking for a partnership with the City. 35,000-40,000 sq ft - Bob Murray, Shelly Johnson, Roger Carlson and myself visited this die casting company a few weeks ago. Last week, the two owners and another official visited the Monticello site, Monticello Commerce Center, for a second time. Mayor Belsaas, Shelly Johnson, Damn Lahr, Ron Hoglund, Kevin Doty, Rick Wolfsteller, and Lenny Kirschtjoined us for lunch at the Monte Club. Thereafter, Lenny Kirscht presented the company with a uses and sources funding statement which was well received. Next step to meet with property owner and continue funding request, developer driven~ 75-100 acres - No recent update. - C, . Nancy Whalen - Nancy's resignation is effective June 18 as Community Development Secretary. She and her husband are moving to Arkansas. Nancy's replacement is Lori Kraemer. Rita Ulrich has resigned from the MCP effective June 18 and has a new position with the Nokomis East Neighborhood Association in Minneapolis. The Chamber of Commerce hired Brenda Naffziger to replace Kitty Baltos. Brenda was Chamber Director in Becker. Public Law Update - Attended the update on June 4. 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MINNESOTA SALES AND USE TAX STATISTICS ANNUAL 1994, 1996 AND 1998 CITY OF MONTICELLO TOTALS $124,668,207 1996 1998 $ 3,464,702 $ 5,042,198 $11,632,254 $ 7,786,511 $90,930,163 $108,261,515 $ 3,142,677 $ 3,703,108 $10,752,146 $13,149,068 $25,207,863 $31,008,152 $145,129,805 $168,950,552 Retail Industry-Gross Sales 1994 52 Retl: Hardware, Bldg, Matls 53 Retl: General Merchandise 54 Retl: Food 55 Red: Auto Dealers, Stations 56 Red: Apparel, Accessories 57 Retl: Furniture 58 RetI: Eating, Drinking 59 Red: Miscellaneous $13,716,801 $69,200,220 $ 2,446,275 $10,824,232 $28,480,679 CITY OF ELK RIVER . Retail Industry-Gross Sales 1994 1996 1998 52 Red: Hardware, Bldg, Matis $ 9,010,001 $ 45,254,615 53 RetI: General Merchandise $27,694,777 $ 34,919,477 54 Red: Food $54,558,806 $ 59,927,164 55 Red: Auto Dealers, Stations $88,310,873 $113,827,894 56 RetI: Apparel, Accessories $ 2,950,955 $ 3,245,709 57 Retl: Furniture $ 2,679,058 $ 3,987,990 58 Red: Eating, Drinking $ 9,264,797 $ 15,300,815 59 Red: Miscellaneous $15,785,515 $ 22,764,954 TOTALS $135,851,496 $209,253,782 $299,228,618 DIFFERENCE $ 11,183,289 $ 64,123,977 $130,278,066 . Source: MN Department of Revenue . . . ~ i~I!~i~!!iiil~fl~II'lli~iigiliilimlil~i I r ~~j~ !a'~i~~lll. l!~~~ ~.~. ~~~ Qii _ ~ ~~ ~ ~0 ~ a a i~ ^~ ~ ~ ~~ ~ ~~ lBg ...... m th ~ ...... jj ~ "->w w 01"-> ... "-> ....aw"->(II....a...... w !'t ........."->N W"-> ............ 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Uf ~ ~ oS ~:!l ;-4~ 80 m v :!l 1S~ 80 m V "T1 !t.... ......~ . 0 8m ~~ ......~ ~o 8m ~:!l ~Q 8m 6:!l ....~ i!q~ ^"'O ~-i . ~ !BO m ~~ . ~ 80 m V "'tI 18-4 =~ at 85 m 01~ !t "m ~ B .... w'" ~8......at ... t3m:: ~~-~ -~ -~ -~ 888 V "'0 ~~ ......~ . 0 8m ~:!\ w~ '0 8m ~ an ~ia i~~ I:~ c~ ~o ~~ tn~ . 0 8m ~"'O o~ ....~ ~g z o Z -I :;; ::l "TI . ~ ~ =n . . . BRA Agenda - 7/5/00 8. Consideration to hear Dro~ress relative to research of purposelobiective and fundine for a scattered housios! prot!ram and a motion of action/direction if so necessarv. A. Reference and Back~round: At a joint meeting held in May between the Council, BRA, and local lenders, staff was encouraged to pursue development of a scattered housing program for the City of Monticello. At the June BRA meeting, any formal action was tabled, and Dan Frie and Jeff O'Neill were directed to research the purpose/objective and funding for a scattered housing program. On June 27, JeffO'Nei11~ Dan Frie~ Don Welker, Preferred Bank of Big Lake~ and Ollie met to discuss potential funding programs through the Minnesota Housing .Finance Agency, Greater Minnesota Housing Fund, and DTED. Program concepts were discussed and it was agreed that scattered housing program goals/objectives the HRAlCity want to accomplish need to be developed and a list of 50 homes targeted at EMV of less than $90,000, by age (year built), and rental/owner occupied. A second meeting was scheduled for July 5, 3:00 p.m. with Cheryl ofMHFA. Jeff/Ollie received copies of the program concepts. Frie and O'Neill felt the program should be targeted for demo and reconstruct. July 5 update given at meeting 1 . . . BRA Agenda - 7/5/00 9. Consideration to discuss amendine the wae:e reouirement within the Business Subsidy Criteria of the BRA and a motion requestine: the City Council call for a public hearine:. A. Reference and Backeround: Upon receiving a notice relative to the increase of wage thresholds by DTED for it's Minnesota Investment Fund and upon discussion with the lIRA Chair, this item appears on the agenda for discussion and consideration to amend the lIRA Business Subsidy Criteria relative to wages. Currently, Section 4:06 reads: Recipients of any business subsidy will be required to meet wage and job goals determined by the lIRA on a case-by~case basis, ................. Due to recently-enacted changes to the Business Subsidy Act, the case~by-case language may not be sufficient and we may need to amend this language to establish specific goals. Attorney Bubul is reviewing our criteria to see if the recently-enacted changes apply to the BRA, EDA, or City's Business Subsidy Criteria. We have until May 1,2003 to make those changes. Section 5: 03 C reads: For manufacturing and warehousing business subsidy request, at least 90% of the jobs created must pay a wage of at least 160% of the federal minimum wage requirement for individuals over the age of20. (The minimum federal wage is $5.15 therefore 160% is $8.24 per hour). Regardless of the new changes, the lIRA commissioners should begin discussing your interest to increase the wage threshold for use of TIF. Your previous rational was to allow flexibility and to determine on a case-by- case basis. In addition to the State's increase, the wage threshold for funding through the Wright County Economic Development Partnership is at least $10 per hour. The process to amend the Business Subsidy Criteria is: The BRA determines a wage threshold and recommends the change to the City Council requesting the Council call for a public hearing to amend the criteria. B. Alternative Action: 1. Discuss and table any recommendation until the August BRA meeting. This allows time to research need for other amendments. 2. A motion recommending a wage threshold of at least requesting the City Council call for a public hearing to amend. per hour and 3. Discuss and a motion of no interest to increase the wage threshold. 1 BRA Agenda. 7/5/00 . c. Recommendation: The recommendation is Alternative No.1, this allows time to review the current criteria for other changes in accordance to the recent-enacted legislation. D. Supportioe: Data: Copy of current HRA Criteria, excerpt from a memo from Attorney Bubul summarizing the 2000 amendment: Section 3. Business Subsidy Policies. , and memo from DTED. . . 2 MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO, MINNESOTA Business Subsidy Criteria Public Hearing and Adoption the 8th day of September , 1999. 1. PURPOSE 1:01 The purpose ofthis document is to establish the Housing and Redevelopment Authority's criteria for granting of business subsidies, as defined in Minnesota Statutes 1161.993, Subdivision 3, for private development. This criteria shall be used as a guide in processing and reviewing applications requesting business subsidies. . 1:02 The criteria set forth in this document are guidelines only. The Housing and Redevelopment Authority reserves the right in its discretion to approve business subsides that vary from the criteria stated herein if the Housing and Redevelopment Authority determines that the subsidy nevertheless serves a public purpose. 1: 03 The Housing and Redevelopment Authority may amend the business subsidy criteria at any time. Amendments to these criteria are subject to public hearing requirements pursuant to Minnesota Statutes, Sections 1161.993 through 1161.994. 2. STATUTORY LIMITATIONS 2:01 In accordance with the Business Subsidy Criteria, Business Subsidy requests must comply with applicable State Statutes. The Housing and Redevelopment Authority ability to grant business subsidies is governed by the limitations established in Minnesota Statutes 1161. 993 through 1161. 994. 3. PUBLIC POLICY REQUIREMENT 3:01 All business subsidies must meet a public purpose other than increasing the tax base. Job retention may only be used as a public purpose in cases where job loss is imminent and demonstrable. . 1 Monticello City Hall, 250 E. Broadway, PO Box 1147, Monticello, MN 55362-9245' (612) 295-2711 . Fax: (612) 295-4404 Office of Public Works, 909 Golf Course Rd.. Monticello, MN 55362 . (612) 295-3170 . Fax: (612) 271-3272 lIRA Business Subsidy Criteria . 4. BUSINESS SUBSIDY APPROVAL CRITERIA 4:01 All new projects approved by the Housing and Redevelopment Authority should meet the following minimum approval criteria. However, it should not be presumed that a project meeting these criteria will automatically be approved. Meeting these criteria creates no contractual rights on the part of any potential developer or the Housing and Redevelopment Authority. 4:02 The project must be in accord with the Comprehensive Plan and Zoning Ordinances, or required changes to the plan and ordinances must be under active consideration by the City at; the time of approval. 4: 03 Business subsidies will not be provided to projects that have the financial feasibility to proceed without the benefit of the subsidy. In effect, business subsidies will not be provided solely to broaden a developer's profit margins on a project. 4:04 Prior to approval of a business subsidies financing plan and when deemed appropriate by the Housing and Redevelopment Authority, the developer shall provide any required market and financial feasibility studies, appraisals, soil boring, information provided to private lenders for the project, and other information or data as requested. . 4:05 A recipient of a business subsidy must make a commitment to continue operations at the site where the subsidy is used for at least five years after the benefit date. 4:06 Recipients of any business subsidy will be required to meet wage and job goals determined by the Housing and Redevelopment Authority \>n",a ~as~-by-ca~e ~asis, giving consideration to the nature of the development,the p\:lrposeonlleSUbSidy, local economic conditions, and situational circumstances. 5. T AX INCREMENT PROJECT EVALUATION CRITERIA 5:01 The Housing and Redevelopment Authority will utilize Tax Increment Financing to support the community's long-term economic, redevelopment, and housing goals. 5:02 Each Tax Increment Financing subsidy will be analyzed and evaluated by the Housing and Redevelopment Authority. Each project shall be measured against the general criteria in Sections 1 through 6 and the specific criteria in this Section 5 applicable to tax increment financing business subsidies. 5: 03 Following are the evaluation criteria that will be used by the Housing and Redevelopment Authority. . 2 . . . BRA Business Subsidy Criteria A. All business subsidy requests shall meet the "but for" test. The "but for" test means that the project would not develop solely on private investment in the reasonable future. The developer shall provide findings for the "but for" test. B. Business subsidy requests should create the highest feasible number of jobs on site from date of occupancy where deemed appropriate. C. For manufacturing and warehousing business subsidy requests, at least 90% of the jobs created must pay a wage of at least 160% of the federal minimum wage requirement for individuals over the age of 20. Annual written reports are required until termination date. Failure to meet the job and wage level goals require partial or full repayment of the assistance with interest. D. For other business subsidy requests, jobs created must meet as a minimum the federal minimum wage requirement. Annual written reports are required until termination date. Failure to meet the job and wage level goals require partial or full repayment of the assistance with interest. E. All business subsidy requests should create the highest possible ratio of property taxes paid before and after redevelopment. F. Business subsidy requests should facilitate redevelopment or elimination of "substandard" or "blighted" areas where deemed appropriate. G. Business subsidy requests should facilitate the "clean-up" of environmentally unsound property where deemed appropriate. H. Business subsidy requests should increase moderate priced housing options for area residents where deemed appropriate. I. All business subsidy requests should be deemed to promote additional desired "spin-off' development. 1. All business subsidy requests should demonstrate "community involvement" including demonstrated degrees of the various factors: a) Local residency of the company's owners and employees, or b) Local residency of the contractors involved in the project, or c) Membership in local business organizations, or d) Other similar factors. 3 . . . 6. HRA Business Subsidy Criteria PROCEDURES * Meet with appropriate Staff to discuss the scope of the project, public participation being required, and other information as may be necessary. * The request shall be reviewed by Staff on a preliminary basis as to the feasibility of the project. * The project concept shall be placed on the Housing and Redevelopment Authority agenda for concept review. The applicant will make a presentation of the project. Staffwill present its findings. * If the Housing and Redevelopment Authority's concept review is positive, Staff will provide the City Council with an informational concept review. * The applicant will execute and submit the Preliminary Development Agreement accompanied by a non-refundable fee of $5,000. * Building and site plans submitted to the Chief Building Official. * If Planning and Zoning Commission action is required, it will be necessary for the applicant, at this time, to make application to the Commission. * Staff will authorize the following steps: - Preparation for establishment of the Tax Increment Finance District and the Tax Increment Financing Plan if required. - Preparation of the Private Redevelopment Contract (Subsidy Agreement) based upon agreed terms. * When action is required for the Tax Increment Finance Plan, Private Redevelopment Contract, or Zoning/Ordinance; the Housing and Redevelopment Authority, Commission, and City Council shall take appropriate action such as public hearings and consideration of approvals. * Building permit issued after the Tax Increment Finance District and Plan is approved by City Council, the Private Redevelopment Contract is executed by the developer and the Housing and Redevelopment Authority, and the Building Permit Fees are paid. 4 . . . HRA Business Subsidy Criteria Eligible Tax Increment Finance expenditures: Land acquisition, site improvements, public improvements, and demolition and relocation costs. Tax Increment Finance time: Generally six to eight weeks from time of authorization to begin drafting plan and contract. Zoning/Ordinance time: Varies per project. busub.crit 5 Kennedy 470 Pillsbury Center 200 South Sixth Street Minneapolis MN 55402 (612) 337-9300 telephone (612) 337-9310 fax http://www.kennedy-graven.com ,.. MEMORANDUM TO: Ollie Koropchak City of Monticello FROM: Stephen Bubul DATE: May 19,2000 RE: Business Subsidies Act Attached is a summary of the recently-enacted changes to the Business Subsidy Act, Minnesota Statutes, Sections 1161.993 to 1661.995. Pay special attention to the changes that affect your business subsidy policies (Section 3 of the bill). Most likely, your policies will need to be amended to comply with this legislation. However, you will have a three-year grace period to make needed changes, assuming your initial policies were adopted before May 1,2000. . Let me know if you have questiQns about the bill. J . S.J8- \ 80747v I BU400-24 . * . . Clause (21) Business loans and loan guarantees of $75,000 or less are excluded. Note: Any assistance less than $25,000 is already excluded from the definition of business subsidy. This change eases the administration of city and authority loan programs. Effective Date: This clause is effective the day following final enactment and is retroactive to January 1,2000. That is, any business loans up to $75,000 granted since January 1,2000 are not subject to the Business Subsidy Act. Clause (22) Federal loan funds provided through the federal Economic Development Administration are excluded. Section 2. Public Purpose. Prior law required that a business subsidy must meet a public purpose other than increasing tax base. The 2000 change clarifies that tax base enhancement is an acceptable public purpose, but may not be the sole justification for the subsidy. This section also states that job retention is a valid public purpose where job loss is specific and demonstrable. Under prior law, the loss needed to be imminent. Section 3. Business Subsidy Policies. The 1999 law required that grantors adopt criteria before granting any business subsidy. The only specific instruction was that the criteria must include a policy regarding wages. Many cities adopted general policies indicating that business subsidies would be approved on a case-by-case basis. The 2000 amendments impose new standards for business subsidy criteria: . They may not be adopted on a case by case basis; . They must set "specific minimum requirements that recipients must meet in order to eligible to receive business subsidies;" and . They must set a "specific wage floor for the wages to be paid for the jobs created" (which may be stated as a dollar amount or a formula that will generate a specific dollar amount. ) A grantor may deviate from its adopted criteria by documenting in writing the reason for the deviation, which must be filed with its annual report to DTED. Note: As described in Section 5 below, the law now permits a grantor to determine that a subsidy has a public purpose other than job creation or retention. Business subsidy criteria should incorporate that concept, and should make clear that the required wage floor does not apply in cases where the grantor determines that job creation or retention is not the public purpose. Where jobs are part of the public purpose, the grantor may still vary from the adopted criteria if the procedures for deviation are followed. Grantors must file a copy of their adopted criteria with DTED along with the first annual report due after the enactment of the 2000 amendments (i.e., the report due April 1, 2001), or the first annual report after the criteria are adopted, whichever is earlier. SJB-I80707vl BU400-24 2 ~00 17:03 To:Ms. Ollie Koropchak From:Dave Erickson 1512-282-15138 Page 212 . Memo To: DTED's Do,;vdopmo,;nt Parlno,;rs Date: June 20, 2000 Re: Minne!'!ota Investment Fund Wage 'l1l1'e!'!holds 'l1,e Minne!'!ota Investment Fund (M IF) i!'! DTI,:D'!'! primary financial re!'!OUl'ce u!'!ed tl') pnwide IullulUial assislml~o,; to busino,;sso,;s l.hat afo,; ~ro,;a.ting ami ro,;taining quality jobs. i\~~onling to Minne!'!ota Statutes 116.1,X73 1, Suhd, 5, the MIl' program requires wage thre!'!hold!'! to he met in ordo,;r for projo,;~ls to b;,; digibk DTED has ;,;stablisho,;d guiddino,;s to ~onfonn with lho,;s;,; !'!tstlltory requirement!'! as wel1 as other policy l')hjective!'!. Previou!'! guidelines for the minimum wag;,; lo,;vds (o,;x<.:lusivo,; ofnon.mluldah.:d Iringo,; bo,;ndils) wo,;ro,; o,;stablisho,;d in 1996 at $8.00 po,;r hour f(w TlOn-metro projects and $10.00 per hour for metro area project!'!. In onkr to stay in ~olnplian<.:;,; wilh Minno,;sotit lctws and to adjust Ior inlla.tion. DTED no,;o,;ds to in~ro,;aso,; lho,; wago,; ro,;quiro,;mo,;nls Ior MIF projo,;l,ils. Wo,; havo,; l"ko,;n llu.: following valuo,;s into ~oni:lid;';nl.tion to 111a1\.;,; lll;,;i:li.: iH.ijui:llm;.;nls. 1. K;,;o,;p lho,; ro,;quir;,;mi.:nls simplo,; Ior busino,;ss;,;s to umkrstand. 2. I.:ncourage investment in the non-metro area 3. Ensur;,; llmt wag;,; lllro,;sholds aro,; su1l1<.:i;,;nt to support sta.t;,;wid;,; housing <.losls. 4. Maintain increa!'!ed SUPP01t tl.')r higher quality (wage) jobs, . '111e fol1owing increases will take etl"ect Juty 1, 2000. Projects that have pending Pmt II app!i<.:a.tions iU1l..i hav;,; gnU11. agn.:;,;m;,;nls approvo,;d by S;,;pt;,;mb;,;r 1,2000 willnol. b;,; disqua.lifi;,;d if they do not meet the new wage guidelines, Wsce TIll'esholds E:d:itllUt.(.~d lVIIF LOUll Awsl'd* Non.Mdro Mi,:lro i\ri,:a <$9.00 po,;r hour $9.00 po,;r hour $12.00 p.:.:r hour <$12.00 p;,;r hour $12.00 p;,;r hour $15.00 p;.;r hour In;.; li gib 1;.; $6,000 p;,;r job $10,000 per joh * M IF hwgivahle loans (grants) are typical1y 1/] the si7.e of a M IF loan. For more infonnation, please cal1 Paul Moe, D;rector, Ilusiness Finance Unit, at 651-297-1391 . . . . 10. BRA Agenda - 7/5/00 Consideration to authorize payment of the monthly BRA bills. Recommendation is to authorize payment. 1 . City of Monticello ACCOUNTS PAYABLE 505 Walnut Street, Suite 1 Monticello, MN 55362 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 (612) 337-9300 June 8, 2000 Statement No. 33287 n_ .._L \{(.2. f\ ~ \ - ?--O <<-r~ \ - . MN190-00054 Prairie West Project (Komarek) \ \ ~- \-'?-?- '\ "t-~ \ - 'd-.l\ Through May 31, 2000 MN190-00041 Redevelopment - General MN190-00061 Downtown Redevelopment TIF District MN190-QOO@J Company LLClProfile Power Coating) Expenses . Total Current Billing: I declare, under penalty of law, that this account, claim or demand is just d correct and th part of it has been p d. . 37.25 29.80 89.40 167.25 0.00 323.70 . Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 (612) 337-9300 41.1225694 June 8, 2000 Invoice # 33287 City of Monticello ACCOUNTS PAYABLE 505 Walnut Street, Suite 1 Monticello, MN 55362 J-.. \-\iL-\\~ MN 190-00041 Redevelopment - General Through May 31, 2000 For All Legal Services As Follows: 5/31/00 SJB Phone call with 0 Koropchak re by laws and agenda for meeting Total Services: Hours 0.25 $ . Total Services and Disbursements: $ . Amount 37.25 37.25 37.25 . Page: 2 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello May 31, 2000 o \~ ~ ,,~c;. MN190-00054 Prairie West Project (Komarek) Through May 31, 2000 For All Legal Services As Follows: 5/25/00 SJB Phone call with 0 Koropchak Total Services: Hours 0.20 Amount 29.80 29.80 $ Total Services and Disbursements: $ 29.80 . . . Page: 3 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello Y}-7 ~~\- <\5; May 31, 2000 MN190-00061 Downtown Redevelopment TIF District Through May 31,2000 For All Legal Services As Follows: 5/3/00 SJB Telephone call Q. Koropchak re: knock-down/5-year rules. 5/4/00 SJB Telephone call with Q. Koropchakre: duration rules, HRA by laws. Hours 0.30 0.30 Total Services: $ Total Services and Disbursements: $ . . Amount 44.70 44.70 89.40 89.40 . . . Page: 4 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 City of Monticello May 31, 2000 MN190-o00GJ Company LLC/Proftle Power Coating) Through May 31,2000 For All Legal Services As Follows; 5/1/00 DJG Draft cover letter for contract for private development. Hours 0.10 5/2/00 5/3/00 SJB Telephone call with M. Ruff; review duration options. 0.25 OJG Complete contract drafting and draft cover letter re: same. 0.90 Total Services: $ Total Services and Disbursements: $ Amount 13.00 37.25 117.00 167.25 167.25 ,.'C", "-:":'.:V"1"~~~~!\,'''I'.~,,:::~,~,~.1'.,~ ,i~;~'.1~'~~,!,.~;~'~~~~;'~~~,~.~:,:~;.';~';,\...~:,:,;~~~;::'~'~''';"'I',"'' " ~ ~'~:!':.!":" <; ;;:~,., ~ "m :l':c,. ~"''"'I~~:r''"". ,.",,!",,,,,.~~,,,,, ',',,",.., ~", '"'i,C": ,." "'.~"\,.~',..,.,,,.^ ',' , ' ~ ~ ".- ....,:::::,,'L.l. ,::,.:~:~::::<~:~.::;;::'ti"2~!'i~~r::~:.);.~~;;~~~$~~$':~~t':~'~T;;;'~:':2;';:r:;;1.:~~1,~q':'\"f:~tj!S-I":?'S~;'!$f~l!~,;;,,~:;t~-..,._, ., c" U",' "~"",;,,~~,,,<_,,~,:;, ';':~,~:~:,:.!'._,:':"~":~, M6JlticeJJQJ:fRAj;~~'::;;~;~~~~.z=.:~:::-;:~:::,,,::,;;:;:.';";""':1:';';;::'=~'.~~~~~~~_::_:. -,".,,=~;-~','-"-'~'~~""::~:';~:.~.~,t~~~~~~~Y~~Q~~g~e.~~1::~~~~~~-;=~':;::'::""" ~.::::,:;'.:::;,::;:".=;'::;=:::=-:~-::;:~:,:-:~,.="." - , u ., ~",.~ ':\,~'" ';." . ".. ,._,. T'."I--.,",""""'''''''.'",,;,-,,,. - I ' .' . \..." " ~,\ . .' . , June092000 . " "',' ",."., ,." . .,,,,w.,,.,, '... ,',..,~ ,v. '~.',,, ".., 'V.J.'.'~'~" , . : ,: '. ..~ 'MC100-29 TIF District No. 1-27 ~"'<~:\',..,'.'" '!'<- .. '.....:;~".: ,'''' "~''''. .., " """~ ;,~,~,.,~"'~~'.,..f~';~ ~.,~,,-,:;'::"'. '. : Invoice# 17383 ',.,. Professional Services . . ;~;,,, 1, .,', Hours Amount 2.00 250.00 3.00 375.00 1.00 125.00 1.00 125.00 0.50 62.50 1.50 187.50 9.00 $1,125.00 5/5/00 RC 5/8/00 MTR RC RC 5/9/00 MTR 5/10/00 RC Draft Plan & Fiscal Implication Letters Review tax increment plan Modification to Redevlopment Plan Cash Flow Work on project description/plan Revise plan and mail Fiscal Implication Letters Total Due This Month: Status of Account Current $1,125.00 30 Da s $0.00 60 Da s $0.00 90 Da s $0.00 120+ Da s $0.00 Total . 0 . PLEASE KEEP WHITE COpy FOR YOUR FILE AND REMIT PINK COpy WITH PA YMENT TO: . "'-... :, ':;.,/"(:,'~S:~~i':::"'\"'; :),,1':','_, . EHLERS & ASSOCIATES INC :. .. :, . ", r ,~ : :;:i;,:' - .,~ - ~.... ,", ~ .:' ;:--;:;i"Y~:,li>'::)~It:I~;I\~; '~~,"';':, .':" :\~' '. ~ "'ir1,;';~,.,o;':'i",t<'.~.~ ~;'t,."' ;,"". 3060 Centre Pointe Drive RoseviUe, MN 5~1l3-1105 "":i&.""')I')!'i(W~~~'~~.->:~' ...~".,'''~';:. :"-~' "~:'," ~~~""-'?T~~~~=~:,:"'~:::"::=-::::::~= . . . BRA Agenda ~ 7/5/00 11. Consideration of Executive Director's Report. a) Mayor's Bus Tour & Golf Outing - This was held on June 14. Attached is a list of those attending each event and of those who responded unable to attend. Approximately 90 invitations were mailed. People enjoyed the event and appreciated the information. Golf towels and tees were given to those golfing. The most interest of the bus tour was the potential of the city owning industrial land. The repeated question surfaced again: The probability of an interchange at County 39 Wand 1-94. b) The Community Profile update was completed and all businesses providing info were mailed a thank: you and a copy of the profile. Additionally and since, a spread sheet identifYing the wage and job levels was compiled. However, using the State form was not the best idea as the max wage level is $15+ per hour. Use of higher wage levels and eliminating the lower levels would provide a more accurate picture. Regardless, the median wage level excluding benefits paid full- time workers by 35 Monticello businesses is between $13 and $15 per hour. The average wage per hour is $12.327. The School District and FSI did not respond. The median wage level excluding benefits paid part-time workers in Monticello is between $9 and $11 per hour. c) TIF & GMEF Assistance Analysis - This spend sheet identifies the TIF and GMEF assistance given in net present value and using the CPI inflation factor. The benefit is the combined annual wages without benefits plus the annual property taxes. d) Other updates - Housing permit values and good existing home sales, comparative MonticellolElk River gross retail sales, and traffic counts. This information will be presented at the HRA meeting. e) Skipper's Pool- Waiting for Wolfe to execute lease, fee of$61O.87 paid, and certificate of insurance received. f) Projected TIF 1-22 Revenues - With the Quick TIF 2000 having arrived, I'll begin the 1999 reports for the State Department of Revenue. At the request of the HRA Chair, projected TIF revenues for the District 1.22 will be ran to aid the HRA with future redevelopment planning. g) Prospects - Machine Shop - 25,000~30,000 sq ft precast bldg. 5-6 acres, current 40 jobs, 6-10 additional jobs within 2 years, average wage $15.02 w/o benefits, project 2001, relocation and expansion, request for TIP. See attached cashflows. Machine tool shop - 4,000 sq ft, 5 new jobs in 2 years. Relocation from home business. Meeting scheduled for afternoon of July 5. Production of packaging materials - 50,000 sq ft building, 2001-2002 construction. Production of windows - 100,000 sq ft building. Fortune 500 - Looking for 10 acres, 100,000 sq ft office complex, not headquarters for CEOs. Needs: Freeway access, profession business park, three story building, parking stalls for 500 cars. Looking at three cities. TIF, incentives? Monti sites of interest: City/Chadwick, River View, Pfeffer commercial. 70,000 sq ft building - 25 acres. 30 employees. Distribution of machinery and 1 . . . BRA Agenda. 7/5/00 h) i) parts. Requires out door storage. From Towle Real Estate. Needs conditional use approval. Monticello Market Place Manufacturer of wood chips and mulches - 20 acres, 5,000 sq ft shop, 5-10 out- door-storage, some noise. Potential 5,000 office headquarter. 25 manufacturing jobs, $15-16, office wages average $45,000. Needs conditional use approval. lIRA Bylaws - Copy of Amended Bylaws. TCDC - Closed and disbursed EDA dollars of $100,000. Closed and disbursed State/City dollars totaling $469,000 of the $500,000 to date. Still anticipate completion of the building by the end of September. 2 . . , BUS TOUR AND GOLF OUTING ATTENDANCE JUNE 14, 2000 Tour & Lunch Chuck Van Heel Steve Bubul Tour. Lunch & Golf Mark Houge, Allied NS Senator Mark Ourada NS Golf Brad Barger Ken Stabler, NSP NS Andy Brotzler, WSB Dan Greensweig Ken Barthel Wanda Kraemer Karen Doty Roger Carlson Mark Ruff Greg Hohlen Amanda Gaetz Mayor Belsaas Ollie Koropchak Lori Kreamer Mike Benedetto Bob Murray Dan Frie Jeff O'Neill Rick W olfsteller Bill Endres Greg Michael, Olson Contractor Brad Johnson, Lotus NS John Gries, 0' ceno NS Ed Sorgatz, Olson Contractor Kevin Doty NS Mitch Rautio, Bainey Group Bruce Halbasch, Kraus-Anderson Dennis Dalen, City Attorney Greg Hayes, Shingobee Bldn Lenny Kirscht Paul Ammerman, NSP Steve Grittman, City Planner Consultant Kevin Conway, pfeffer Company Kevin Maas, Amcon Construction 13 22 rI9. Bret Weisl, City Engineer John Chadwick, The Chadwick Group Damn Labr Steve Andrews Harold Brandt, Brookfield Real Estate Shawn Weinand Neal Driscoll, Collier ToUer Real Estate Jeff Essen, Brookfield Properties Steve Chrihart, Griffin Companies SheUy Houde, Minnegasco Rep. Mark Olson Dennis ZyUa, Northco Kent Carlson, Ryan Company Heidi Peper 15 3 \ \ 0-) . . , ~'"'_""~~'_'~J~~U'\.\'.\!,~~"",~~W\""'~~"-':';'~"'~-~'",.::;:~~, I II J I r)~[J~\~;::11la~J-', LJJ.t> __bj l2-.li.____________ ui A .. -LL ?s'7~ ~ I ~\{L ~uvr:~~ __J~ CL'VJ._..' /0 l) ___... " SPS SERVICES, INC. 101 W. BROADWAY PH.. 612-295-5779 P..O. BOX 1234 MONTICEllO, MN 55362 FIRST MINNESOTA BANK N."'. p.o. BD!I: 960. MUlllllillUU, MN '!l~6:Z . 271.7200 Mf,MO..._ I: 0 Ii ~ Ii 0 2 ] 5 ]1: 7 8 0 0 ~ 8 2 II" ."._~(lII<<\-,,~:~~'1\"L1n"f11.lt.Y'ililmml2:!.':~'m)'" ~~ ,.,.~ 75-235/919 7800182 I~ -/!{--DO DATE J"J,l_.______ ___._J $ !n to ~:J ,....................----.------.----... ..- ...'.._._.. ..__ J)()LLARS m ~r~i~:::~ 11. ...._n___... '.J.~i3~--.-.. _.._____._.... --~ ~~2] p'"jr;il~_"':II,~';\~''''~:~'"",'1\'-'''';;';' 4123 M' SAFET1"f'i\!"f~! \\ ej . , JON 28 '00 08:37AM EHLERS & ASSOCIATES Da/27/00 M",,'icello ~R^' 2111< ..1, Tn lna....... e.tlm... CITY OF MONTlO:LLO. MINN.:SOT A . T.l.l'". CASH FLOW ASSllMPTIONS ,,"ere&! ... Tax I!lC\llmAon RBI.: InlIllIion Rlilte: 8.000% 1.29176 PlIY 00 0.0000% Size ct parcel Percen~. ._!ltl_~~1._~!,~.6~. 7 5.5 100.00'1' TOle! P8rc.l ,.M\I~..I ViI!U.!l_ 150.000 BASE VALUE INFORMATION P.y 2001 Clan VlIlul: RSle '1So:00ii--2,4W3A% TI>: . q~ty ..-. --. 3,600 eo....... o . =~.60(i~-p:;;'20Q1..._ Toii-~. 1S0,00!l. Ollgl." Tu c:.podly I.....on F_O\Or. , 15,~,Ooo , E~mll'llll8d by2000 Logi.l.tW1l 100._ "........., Type of TlIlllllcre",."'" Oisltiet: Type ct ~19p'n....t Nuftber f1IBuiklino SQl.llll'e Feet 'PROJlo;CT V AWE INFORMATION E~"no"'I" Oel/8lopmenl Menu/K1urin9 26,000 Eslirn8l8d Mltkbl Velue of New Pl'Cljea: CIAs Rete on r...et $150,000 or 1.1....1 Velull Clua R819 Me/1(et Ye\ue .. S150,000 es~",el8<l t.... CllPKity; lisIift'lBled T_.: APeUor's MlI'klll Y..k.1e1s.r. Taxelllaf, Aell\.lmes diatrk;\ is apprOYlld in SPIll'Ill. 2001. .A8aumu an COI'la\nlCIion """"plete In 2001 _...d_lO..I/IO. 1.250,000 pay 03 2.40% 3,40.4 41,000 Pay 03 52,962 $50.00 $2,12 \\ ~ \. P.2/3 "'_ge 1 )Ol<sf,ll82800,12:l JUN 28 '00 08:37AM EHLERS & ASSOCIATES 0IJIZ7ICO Monlicallo 11M: 2.$lc. :I.t. TiU: InCl'A'f1"\IInl E.$\imlil\lII CITY OF I\'lONTICJ::I.LO, Mll'lNESOTA . T"X INCR":MENT CASH FI.,OW ~\~D';::NG' -- e;:: Pr;~:o' C~:-d St~:~~il- ^d;", ....--... H:,;- Stl~~~;:il .T~;~:i~~'r n;6 ._Y,a. ...M~", Y'___~:",P~~Y_ Ctl~~. ~~",ly ..In"'em")! 10.~.$.'" .. ~~ d.. .!!:!~!......tlnl .. ..-.: '0,9_q~ .llncttll!'!!!' 0.0 08.01 200' 3,600 3,600 0 ....0 0 0' 0'1 0.0 0.50 ~.O' 2002 3,600 3,BOO 0 0 0 0 I 0 'I 0,0 1 ,.00 oe.o, 2002 0 0 0' 0' 0.0 ,.50 02-01 2003 3,600 41,000 37,400 2<1,'56 (2.476) 0 2'.680 1 2.4'6! 0,6 \ 2,00 011.0, 200:3 .4,,56 (2..476) 0 2' ,680 I 2.416 i '.0 2.50 02-01 200<1 3.600 41.000 37,400 24,'56 (2,476) 0 2',680 2,4,6. I.G 3,00 08-0' 2004 24.156 (2,476) 0 2',6eo I 2.4,61 2,0 I 3,50 02-01 2005 3,600 4'.000 37,400 24.156 (2.476) 0 21.680 I' 2A'61 2.5 I 4.00 08-01 2005 7,4,156 (2,-476) 21,680 2,-416 3.0 4.50 02-01 .006 3.600 <11.000 37,400 24,'56 (2.476) 0 2'.680 . 2.4'61 3.5 I' 5.00 06.01 2006 24.156 (2,476) Q 2,.6eo 2.4'6 4.0 5.50 02-0' 2007 3.600 41.000 37.400 2<1.156 (2.476) 0 2',680 2,4'61 '1.5 ,6.00 oe-o, :Z007 24,156 (2,476) Q 2' .fleo 2.416 6.0 ! 6.50 02-0' 2008 3.600 41.000 37,'100 24.15ll (2.476) 0 21,iOijO 2,<1'0 I' 5.5 1,00 oe-o, 2008 24,156 (2,476) 0 21,680 2,416 6.0 17,so 02-0, 2009 3,600 -41,000 37,400 2<1,'56 (2,476) 0 21.680 2,4'61 6.6 le,oo oe-O' 2009 24,156 (2,476) 0 2,.680 2,-416 '/.0 8.50 02-C' 2010 3,600 4',000 37,400 2<1,'56 (2.416) 0 2',660 2.4161 '15 9.00 00-01 20,0 24,156 (2,476) Q 21.1350 2.416, 8.0 I 9$0 02..0, 2011 "3,600 41.000 37.400 2".156 (2.476) 0 21.680 2,410'1 a.S 10.00 oe.c, 20" 2.~,1~~. .~(:lF6).. .._ .0_. 21.680 _u..!..4.'6. 8.0 1-=::'. -~~~- ;;:I~nlV6Iue5---'" ~~:~~"-'-~1~::~)""- -g- ;:t~~' ,._.!3,461!- ,....--..-.. ..--- ......... .-.-.---. ...-..."" ......... ,--. . .-.... )......---- ............... .. ...-.... .----... . P"'jlcuon. or' IIUmo... 00114 upon up,,,,,O tit" Y"II" of i""'......... .....-!I.. '",.1'. I"" I.,... 010. II iIIer"""n. i. ",..",4 In Z002, 'J. of m. dI.\~" wiN blI ",<lW<40 oy .n. Y"'I. . . Ell"" '"~ ""..... lnc. P.3/3 pERIOD ENDING yr~. M\h. 0.50 02-01 '.00 08..0' 1.50 02-01 2.00 DB-O, 2.50 02.0' 3.00 08-01 3.50 02.01 <1.00 08-0' 4.50 02.01 5.00 oe..o1 5.50 02.01 6.00 oe.o1 8.50 02m 7.00 08-01 7.50 02-01 8.00 06-01 8.50 02-0' 8.00 06.01 9.50 02-01 10.00 08.01 .~.2~~ 02-0' Yr. ~OO2 2002 2003 2003 2004 2004 2005 2005 2000 2006 2007 2007 2008 2008 2009 2009 20,0 2010 20,1 20" 201~~ ..-1 PtQI ~ 30.:.I.082tll0. '23 '" ," . J , ) . .~ JlUle 16,2000 MONTICELLO Mr. John Crowley Foam Fabricating, Inc. 3131 Fembrook Lane North Suite 223 Plymouth, MN 55447 Dear John: Thank you for the opportunity to market the City of Monticello for your planned relocation and expansion. The City of Monticello is Open for Business. It is my lUlderstanding your preliminary plans include the construction of a 50,000 square foot office, production, and warehouse facility on approximately seven acres. At your two facilities, Foam Fabricating currently employs 27 full-time people at an average hourly wage of $1 0.50 excluding benefits. . Enclosed is a copy of our marketing brochure and a copy of our newly updated community profile, and an industrial site map and contact persons. Per our telephone conversation, it was noted the City of Monticello is negotiation to acquire land for future industrial development. With your plans for construction in 2001 or 2002, this may present another site option for you to consider. On behalf of the Mayor of Monticello, I invite you and your associates to visit our comnuU1ity to see first- hand the many opportlUlities offered, to tour our industrial sites, and meet some of our industrial business owners and leaders. Additionally, our leaders would enjoy a tour of your existing production facilities. I will contact you in about a week to answer additional questions and to discuss our next step. The City of Monticello is Open for Business. Sincerely, CITY OF MONTICELLO G~. \<U\uQJJ~~ Ollie Koropchak Director of Economic Development c: Mayor Roger Belsaas Deputy Administrator Jeff O'Neill File V Il~ . Monticello City Hall, 505 Walnut Street, Suite I, Monticello, MN 55362-8831. (763) 295-2711. Fax: (763) 295-4404 Office of Public Works, 909 Golf Course Rd., Monticello, MN 55362 . (763) 295-3170 . Fax: (763) 271-3272 June 16,2000 MONTICELLO Mr. Gary Woods Wellington Window & Door Company 3938 Meadowbrook Road St. Louis Park. MN 55426-4506 Dear Gary: It is my understanding the Wellington Window & Door Company is looking to expand and the proJXlsed expansion plans consist of an approximate 100,000 square foot office/production facility with room for future expansion. WAIT! Don't throw this letter away. The City of Monticello is only 36.8 miles from downtown MinneaJXllis ...... No more traffic congestion for employees ....... Affordable and available land for development. . The City of Monticello welcomes the oPJXlrtunity to market our community to the Wellington Window & Door Company. The City of Monticello is open for business. I've enclosed a copy of our marketing brochure, an updated community profile, and an industrial site map and contact persons. In 1999, the Monticello School District opened the doors to a new 278,000 square foot high school. Earlier this year, the City of Monticello held a grand opening for the new 78,000 square foot community center and the Hospital District will soon open its doors to a 30,000 square foot expansion including an expanded emergency room and birthing suites. These are just a few of the new quality of life developments within our community of approximately 8,200+ JXlpulation located along 1-94 between the Twin Cities and St. Cloud. The City of Monticello has a team of community/civic leaders willing to provide a tour of our community. The team also visits existing plant facilities or businesses prior to determining the level of financial assistance offered to a qualifYing business. The City offers Tax Increment Financing and the Greater Monticello Enterprise Fund (a below prime rate loan program). The City of Monticello has been successful in obtaining State funding, industrial revenue bonds, and regional low-interest loans. I will contact you within the next week to answer questions and, hopefully, to set up a date and time for you to visit Monticello or for the Monticello Team to visit your facility. I look forward to meeting you. The City of Monticello is open for bnsiness. Sincerely, CITY OF MONTICELLO 6~ ~c,\ ~i)~ Ollie Koropchak Director of Economic Development c: Tom Adams, Wellington Window & Door Company Mayor Roger Belsaas City Deputy Administrator Jeff O'Neill City Chief Building Official Fred Patch File V \l~ --. Monticello City Hall, 505 Walnut Street, Suite I, Monticello. MN 55362-8831. (763) 295-2711. Fax: (763) 295-4404 Office of Public Works, 909 Golf Course Rd., Monticello, MN 55362. (763) 295-3170. Fax: (763) 271-3272 . . "~. Section I. Section 2. Section 3. Section 4. Section 1. Section 2. AMENDED BYLA WS OF THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO, MINNESOTA ARTICLE I THE AUTHORITY Name of Authority. The name of the Authority shall be the "I-lousing and Redevelopment Authority in and for the City of Monticello, Minnesota." Seal of Authority. The seal of the Authority shall be in the f()rm of a eircle and shall bear the name of the Authority and the year of its organization. Of/Ice of the Authority: Place of Meeting. The ofTice of the Authority shall be at such place in the city of Monticello, Minnesota, as the Authority may from time to time determine by resolution. Regular and special meetings of the Board of Commissioners shall be open to the public and shall be held in Monticello City Hall at 505 Walnut Street, Suite #], Monticello, Minnesota; provided, however, that upon three days written notice to the Commissioners of the place of such meeting, any regular or special meeting may be held at such place within the city of Monticello as the notice shall designate. Powers of the Authority. The Authority, by and in its corporate name, shall have and exercise all powers, functions, rights, and privileges pursuant to Minnesota Statutes 469.001. et seq. ARTICLE II COMMISSIONERS Authority. The business and affairs of the Authority shall be managed by or under the authority of the Board of Commissioners, except as otherwise permitted by statute. Number, Qualification, and Term of Office. There shall be five Commissioners appointed by the Mayor of Monticello and approved by the City Council. Commissioners shall be natural persons, at least 18 years of age, and must reside in the city of Monticello. Commissioners shall serve a term of five years with one Commissioner's term expiring each year. \\ ~) KAREN\OFFICE\OLLlE\BYLAWS. HRA6/16/2DDD Page 1 . . --. Section 3. Section 4. Section 1. Section 2. Section 3. Section 4. Vacancies. Vacancies on the Board of Commissioners occurring by reason of death, resignation, removal, or disqualification shall be filled for the unexpired term by the Mayor in accordance with the procedures set forth in Artiele II, Section 2. Removal. For inefTiciency or neglect of duty, or misconduct in office, a Commissioner may be removed from 0111ce by the City Council in accordance with Minnesota Statute 469.010. ARTICLE III OFfICERS Officers. The Ofticers of the Authority shall consist of a Chair, Vice-Chair, and a Secrctary- Treasurer. The Chair and Vice-Chair shall be elected from among the Commissioners. A Commissioner shall not hold more than one of the above- named offices at the same time. The Secretary-Treasurer shall be appointed by the Commissioners. Chair. The Chair shall preside at all meetings of the Board of Commissioners if present. Except as othcrwise authorized by resolution of the Board of Commissioners, the Chair shall sign all contracts, deeds, and other instruments made by the Authority. At each meeting, the Chair shall submit such recommendations and information as considered proper concerning the business, affairs, and policies of the Authority. Exccpt as otherwise provided by resolution of the Board of Commissioners, all such orders and checks shall be counter- signed by the Chair. Vice-Chair. The Vice-Chair shall perform the duties of the Chair in the absence or incapacity of the Chair; and in case of resignation or death of the Chair, the Vice-Chair shall perf(Jrm such duties as are imposed on the Chair until such time as the Board of Commissioners shall select a new Chair. If in the event a quorum is present and the Chair and Vice-Chair are absent or unable to attend a meeting of the Board of Commissioners. The three remaining members shall elect from among the remaining Commissioncrs a Chair for the said meeting. Secretary-Treasurer. The Secretary-Treasurer shall perform the duties of the office of Secretary-Treasurer. The Secretary-Treasurer may delegate the responsi bility for recording the Minutes of the Board of Commissioner meetings to the Executive Director or to the Authority OHice Secretary as is determined appropriate by the Secretary-Treasurer. The Secrctary-Treasurer shall sign all orders and checks for the payment of moncy and shall payout and disburse such moneys under the direction of the Authority. KARE NIOFF ICEIOLLI EIBYLA ws. H RA6/16/2000 Page 2 . . *-. Section 5. Additional Duties. The Officers of the Authority shall perform such other duties and functions as may from time to time be required by the Authority or the bylaws or rules and regulations of the Authority. Section 6. Election or Appointment. The Chair and Vice-Chair shall be elected at the annual meeting of the Board of Commissioners from among the Commissioners of the Authority and shall hold office fiJr one year or until their successors arc elected and qualified. The Secretary-Treasurer shall be appointed at the annual meeting of the Board of Commissioners by the Commissioners. Section 7. Vacancies. Should the oHice of the Chair, Vice-Chair, or Secretary-Treasurer become vacant, the Board of Commissioners shall elect a successor from its members at the next regular meeting, and such election shall be for the unexpired term of said oHice. ARTICLE IV EXECUTIVE DIRECTOR The Authority shall employ an Executive Director who shall have general supervision over the administration of its business and affairs, subject to the direction of the Board of Commissioners. As assistant to the Secretary-Treasurer, the Executive Director shall ensure that proper records of the Authority are maintained. The Executive Director (or designee) shall act as Secretary of the meeting of the Board of Commissioners and shall keep a record of the proceedings in ajournal of proceedings to be kept for such purposes (the minutes of the proceedings are to be signed by the recorder plus the Authority Commissioner acting as Chair at the meeting). The Executive Director shall perf()fIll all duties incident to the Executive Director position as may be assigned by the position description as approved hy the Board of Commissioners. The Executive Director shall keep in safe custody the scal of the Authority and shall have the power to anIx such seal to all contracts and instrumcnts authorized to be executed hy the Authority. The Executive Director shall have the care and custody of all funds of the Authority and shall deposit the samc in the name of the Authority in such bank or banks as the Board of Commissioners Inay select. The Executive Director shall he charged with the management of the housing projects of Authority. The Executive Director shall keep regular books of accounts showing receipts and expenditures and shall render to the Board of Commissioners, at each regular meeting (or more often when requested), an account of his/her transactions and also of the financial condition of the Authority. The Executive Director shall give such bond of the l~lithful performance of duties as the Board of Commissioners may determinc. KARENIOF FICEIOLLlEIBYLA WS H RA 6/16/2000 Page 3 . . . The Executive Director shall be appointed by the Board of Commissioners. Any person appointed to fill the oHiee of Executive Director, or any vacancy therein, shall have such term as the Board of Commissioners fixes, but no Commissioner of the Board of Commissioners shall be eligible to this oUice. When the office of Executive Director becomes vacant, the Board of Commissioners shall appoint a successor, as aforesaid. So long as the Executive Director is an employee of and paid by the City, the Executive Director's compensation will be determined in accordance with City compensation policies and procedures provided that the Board of Commissioners shall at least annually review the perf()rmance of the Executive Director and make recommendations to the City regarding that person's compensation. If the Executive Director is not an employee of the City but is independently retained by the Authority, the Board of Commissioners shall establish the compensation of the Executive Director. ARTICLE V ADDITIONAL PERSONNEL The Board of Commissioners may from time to time employ such personnel as it deems necessary to exercise its power, duties, and functions as prescribed by the Municipal I lousing and Redevelopment Law of Minnesota applicable thereto. The selection of such personnel (including the Executive Director) shall be determined by the Board of Commissioners subject to the laws of the State of Minnesota. Tn cases where such personnel are employees orand paid by the City, such persons' compensation will be determined in accordance with City compensation policies and procedures, provided that the Board of Commissioners shall at least annually review the performance of the personnel and make recommendations to the City regarding such persons' compensation. If any personnel arc not employees of the City but are independently retained by the Authority, the Board of Commissioners shall establish the compensation of such personnel. ARTICLE VT MEETINGS Section 1. Annual Meeting. The annual meeting of the Board of Commissioners shall be held on the first Wednesday of April at 7 p.m. at the regular meeting place of the Board of Commissioners; provided, however, that the date/time of the annual meeting may be postponed to a subsequent date/time upon the vote of a majority of Commissioners in office at any time taken at any regular or special meeting. Section 2. Regular Meetings. Monthly meetings shall be held without notice at the regular meeting place of the Board of Commissioners on the first Wednesday of each month at 7 p.m. unless the same shall be a legal holiday, in which event said meeting shall be held on the next succeeding secular day. In the event the date/time/meetings place of a particular meeting must be changed, the Chair may make such change deemed necessary by notifying all Commissioners by delivering (by staff) a notice to their home address at any time prior to the meeting or mailing a notice to the business or home address at least three (3) working days prior to the date of such regular meeting. KARENIOFF ICEIOLLI EIBYLA WS H RA:6/16/2000 Page 4 Section 3. . Special Meetings. Special meetings of the Board of Commissioners may be called by the Chair or two members of the Board of Commissioners for the purpose of transacting any business designated in the call. The call (including location of meeting) for a special meeting may be delivered at any time prior to the time of the proposed meeting to eaeh member of the Board of Commissioners or may be mailed to the business or home address of each member of the Board of Commissioners at least three (3) working days prior to the date of such special meeting. At such special meeting, no business shall be considered other than as designated in the call; but if all of the members of the Authority are present at a special meeting, any and all business may be transacted at such special meeting. Notice of any special meeting shall be given in accordance with Minnesota Statutes, Section 471.705, subd. I c, or any successor statute regarding notice of meetings of public bodies. ARTICLE VII QUORUM The powers of the Authority shall be vested in the Commissioners thereof in otTice from time to time. Three Commissioners constitute a quorum (except as noted below) for the purpose of conducting its business and exercising its powers and for all other purposes, but a smaller number may adjourn from time to time until a quorum is obtained. When a quorum is in attendance, action may be taken by the Board of Commissioners upon a vote of a majority of the Commissioners present (except as noted below). . Exception: In regard to action on the annual Authority operating budget, or revisions thereto, there must be at least four Commissioners present, and the majority of those present must vote in hwor of such for the matter to be approved. Section 1. ....--...... ARTICLE VllI ORDER OF BUSINESS Order of Business. At the regular meetings of the Board of Commissioners, the following shall be the Order of Business: 1. Roll call 2. Reading and approval of minutes of the previous meeting 3. Items not contained in the agenda 4. New business 5. Bills and communications 6. Project update by Executive Director 7. Other Business 8. Adjournment All resolutions shall be in writing and shall be copied in the journal of the proceedings of the Board of Commissioners. KAR ENIOF F ICEIQLLI EIBYLA WS H RA6/16/2000 Page 5 ~......\'~..'~TTa.11 In""" pnti't'A"..:-l'. 9 aBed 0002:/9 ~/9:V~HSM \11,,8\31110\3 :)1:l:l0\N3~'<f)I . 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