HRA Minutes 02-04-1987MINUTES
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
Wednesday, February 4, 1987 - 7:OOAM
City Hall
Members Present: Acting Chairperson Bud Schrupp, Ben Smith,
Marlys Erickson, and Ken Maus.
1. Call To Order.
Acting Chairperson Bud Schrupp called the HRA meeting to
order at 7:05AM.
2. Approval of the January 7, 1987, HRA Minutes.
Ben Smith motioned to approve the January 7, 1987 HRA
minutes, seconded by Marlys Erickson. The motion
carried unanimously.
3. Consideration for the Monticello HRA to Adopt Construction
Five's Development Agreement.
Construction Five proposes to build one 24 -unit apartment
building and one 30 -unit apartment building on Lots 1,2,3,
4,and 5, Block 1, Construction Five Addition. Tax Increment
District /5 was created to subsidize the cost of public
improvement along Fallon Drive, Lauring Lane, and Washington
Street. City staff recommends a minimal assessment for
water and sever against the owners of the Malone property
and Rand property is justifiable. The HRA inquired
about the City's contact with the said property owners.
Koropchak replied that as of the last City Council meeting,
January 26, 1987, there had been no negotiations. Koropchak
explained the Development Agreement in theory and reiterated
the benefits of the project. With the Developer's Agreement
between Construction Five and the NRA for Tax Increment
District 65, prepared by Holmes b Graven, available at
the meeting, the HRA continued to support the project.
Ben Smith motioned for the NRA to adopt Construction
Five's Development Agreement. Seconded by Marlys Erickson,
the motion passed unanimously.
4, Consideration to Select/Approve an HRA Member for Recom-
mendation to the City Council.
Koropchak reported to the HRA members that she had con-
tacted Linda Smith for a possible HRA membership nominee,
however,she declined at this time. Al Larson and Dr. C.
McCarty accepted nomination for HRA membership. The HRA
members had no problems with either nominee, therefore,
based their recommendation of Al Larson because of his
years of participation in the community (business owner)
and now a resident of Monticello. Ken Maus motioned to
recommend Al Larson, owner of Coast to Coast, for HRA
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membership. This recommendation to be made to the
City Mayor for appointment and ratification by the City
Council. The said term expires December, 1988. Ben
Smith seconded the motion and the motion passed 4-0.
C 5. Other Business.
NAWCO Minnesota, Inc. - Ken Maus inquired about the
Norwegian's timetable. Koropchak reported the H -window
company is looking at a fall construction completion
with machinery and equipment installation completed and
a plant operation start-up of January, 1988.
Metcalf/Larson Project - The HRA recommended that I advice
Metcalf/Larson to proceed with negotiations for the purchase
of properties (O'Connor, Flake, Jones, Stelton and/or
Topel's shed). Also, stating HRA's interest to part-
icipate in the project with the use of Tax Increment
Finance, if TIF is still a usable tool by Law.
Low -Level Radioactive Waste (LLRW) Disposal Facility -
The HRA recognized the project as a controversial issue,
but agreed the City should proceed with interest for
consideration as a possible site location.
HRA Financial Tools - Koropchak reported on alternative
financial tools used by other communities, based on
concerns for Monticello's future. Ken Maus suggested
the City complete the necessary legal work to subdivide
the recently acquired lot or lots in the Oakwood
Industrial Park. Thereby, meeting the need and allowing
time for appropriation of costs into the City's budget.
(Cost for public improvements). The HRA can foresee the
possibility to use the deferral of property taxes as an
incentive for economic development with the major
criteria based on number of jobs created by a firm.
The static of the IXI building was briefly discussed.
Ken Maus recommended inquiry into the statis or plans
for the Ken Stoke's property (auto repair), west of
the Post Office.
The next regular HRA meeting will be held Wednesday.
March 11, 1987.
6. Adlournment.
Ben Smith motioned to adjourn the HRA meeting, seconded
by Ken Maus. The meeting adjourned.
Olive M. Koropchak
HRA Executive Secretary and Director
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