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EDA Agenda 05-09-2018AGENDA REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, May 9th, 2018 — 6:00 p.m. Mississippi Room, Monticello Community Center Commissioners: President Steve Johnson, Vice President Bill Tapper, Treasurer Jon Morphew, Tracy Hinz, 011ie Koropchak-White and Councilmembers Lloyd Hilgart and Jim Davidson Staff: Executive Director Jim Thares, Jeff O'Neill, Angela Schumann, Wayne Oberg and Jacob Thunander 1. Call to Order 2. Roll Call 3. Consideration of additional agenda items 4. Consent Agenda - Item 4a through 4e a. Consideration of approving Regular Meeting Minutes — April 11, 2018 b. Consideration of approving Special Workshop Meeting Minutes — April 11, 2018 c. Consideration of approving payment of bills d. Consideration of Stipulation of Minimum Improvements Certification at Clear Creek Addition....Otter Creek Subdivision.... e. Consideration of Resolution #2018-08 Approving an Interfund Loan Related to Anticipated Land Acquisition, Relocation and Redevelopment Expenditures in Block 52 5. PUBLIC HEARING — Business Subsidy Agreement — Bondhus Corporation Consideration of Resolution #2018-09 Approving EDA-SCDP Loan Agreement with Bondhus Corporation 6. Consideration of Commercial Fa�ade-Rehabilitation Loan Program 7. Director's Report 8. Adj ourn MINUTES REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, April llth, 2018 — 6:00 p.m. Mississippi Room, Monticello Community Center Commissioners Present: Steve Johnson, Bill Tapper, Jon Morphew, Tracy Hinz, 011ie Koropchak-White, and Lloyd Hilgart Commissioners Absent: Jim Davidson Staff Present: Jim Thares and Angela Schumann 1. Call to Order Steve Johnson called the EDA to order at 6:00 p.m. 2. Roll Call 3. Consideration of additional a�enda items None. 4. Consent A�enda Steve Johnson requested removing Item 4d. and 4e. from the Consent Agenda. BILL TAPPER MOVED TO APPROVE THE CONSENT AGENDA. MOTION CARRIED, 6-0. a. Consideration of approvin� Re�ular Meetin� Minutes — March 14, 2018 Recommendation: Approve the Regular Meeting Minutes — March 14, 2018. b. Consideration of approvin� Special Workshop Meetin� Minutes — March 14, 2018 Recommendation: Approve the Special Workshop Meeting Minutes — March 14, 2018. c. Consideration of approvin� Special Workshop Meetin� Minutes — March 28, 2018 Recommendation: Approve Special Workshop Meeting Minutes — March 28, 2018. d. Consideration of approvin� pavment of bills ITEM WAS REMOVED FROM THE CONSENT AGENDA. e. Consideration of Preliminarv Development A�reement with BP-Pines 1, LLC ITEM WAS REMOVED FROM THE CONSENT AGENDA. 4d. Consideration of approvin� pavment of bills Steve Johnson asked that all utility services be turned off for 349 Broadway W. OLLIE KOROPCHAK-WHITE MOVED TO APPROVE THE PAYMENT OF BILLS THROUGH MARCH, 2018. BILL TAPPER SECONDED THE Economic Development Authority Minutes — April 11, 2018 Page 1 � 4 MOTION, MOTION CARRIED, 6-0. 4e. Consideration of Preliminarv Development A�reement with BP-Pines 1, LLC Steve Johnson noted that there were concerns with parking for this property. Jim Thares mentioned that the preliminary development agreement is a document that indicates the EDA's interest in continuing to work toward a final development agreement. Bill Tapper asked for clarification on the parking. Schumann stated that the applicant revised their plan to reduce the number of units and the amount of parking stalls. Schumann stated that it's still in discussion the amount of parking stalls to include in the Central Community District. 011ie Koropchak-White noted that it was their understanding that the EDA would be able to review the final development plans prior to any approvals of TIF funds that would be used towards construction of the project. Schumann responded that the final contract requires the submittal and review of final plans. OLLIE KOROPCHAK-WHITE MOVED TO ADOPT RESOLUTION #2018-07 APPROVING A PDA BETWEEN BP-P1NES 1, LLC AND THE EDA 1N CONNECTION WITH THE DEVELOPMENT OF A 44-UNIT MARI�ET RATE, MULTI-FAMILY DEVELOPMENT WITH AN AFFORDABLE COMPONENT. BILL TAPPER SECONDED THE MOTION, MOTION CARRIED, 6-0. Re�ular A�enda 5. Consideration of Bondhus Corporation EDA-SCDP Loan Application Jim Thares noted a discrepancy with the staff report regarding the amount of the loan request. Bondhus Corporation applied to utilize the EDA's SCDP loan program for in the amount of $200,000. Thares further explained that Bondhus plans on modifying their existing manufacturing facility by undertaking a two-story 12,400 square foot addition. Bondhus also intends on purchasing $500,000 in new equipment and hiring an additional 15 FTE employees. A job creation fund (JCF) reimbursement grant in the amount of $195,000 was also submitted (by Bondhus) to Minnesota DEED. Thares noted that due to the amount of the SCDP loan, a public hearing is required to be held. OLLIE KOROPCHAK-WHITE MOVED TO AUTHORIZE PUBLISHING A PUBLIC HEARING NOTICE TO CONSIDER AN EDA-SCDP LOAN 1N THE AMOUNT OF $200,000 FOR BONDHUS CORPORATION' S EXPANSION PROPOSAL AT THE Economic Development Authority Minutes — April 11, 2018 Page 2 � 4 MAY 9, 2018 EDA MEETING. BILL TAPPER SECONDED THE MOTION. MOTION CARRIED, 6-0. BILL TAPPER MOVED TO AUTHORIZE PREPARATION OF A LOAN AGREEMENT BETWEEN THE EDA AND BONDHUS CORPORATION FOR CONSIDERATION AT THE MAY 9, 2018 EDA MEETING. OLLIE KOROPCHAK- WHITE SECONDED THE MOTION. MOTION CARRIED, 6-0. 6. WSB Update Report Jim Gromberg provided an update on economic development efforts that WSB & Associates have been working with the City of Monticello on. Gromberg highlighted the IRT site, childcare needs, and Block 52. Gromberg reviewed the process for the potential utilization of MN-DEED's Contamination Cleanup and Investigation Grant Program for the IRT site, if it is needed and of interest by the property owner. The local match (and potential cost) to the EDA is 50 percent of the grant amount with the grant capped at $50,000. Small sites like the IRT parcel typically translate into smaller investigations and therefore less cost. TRACY H1NZ MOVED TO AUTHORIZE MOVING FORWARD WITH DEED' S CONTAMINATION CLEANUP AND 1NVESTIGATION GRANT PROGRAM APPLICATION DUE MAY 1 ST, 2018. BILL TAPPER SECONDED THE MOTION. MOTION CARRIED, 6-0. Gromberg then explained more details on the need for childcare in Monticello and Wright County as a whole. He suggested that First Children's Finance present additional information to the EDA at its next workshop meeting. BILL TAPPER MOVED TO 1NVITE FIRST CHILDREN' S FINANCE TO MAKE A PRESENTATION DURING A FUTURE WORKSHOP MEETING. OLLIE KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 6-0. Gromberg provided a quick update on downtown Block 52. 7. Director's Report Jim Thares provided the Economic Development Director's Report. Thares proposed the EDA consider authorizing a budget add on for a sign on Block 52 to market the property for redevelopment. The existing sign structure could possibly be used. Angela Schumann stated that staff would certainly try to keep the cost under $2,500 for the sign by discussing with several vendors. $2,500, TRACY H1NZ MOVED TO AUTHORIZE CITY STAFF TO CREATE AND PLACE A SIGN ON BLOCK 52, NOT TO EXCEED $2,500. JON MORPHEW Economic Development Authority Minutes — April 11, 2018 Page 3 � 4 SECONDED THE MOTION. MOTION CARRIED, 6-0. 8. Closed Session — Consideration of recessin� to closed session to develop or consider offers or counter-offers for the purchase or sale of real or personal propertv pursuant to Minnesota Statute 13D.05, Subdivsion 3(c)(3). TRACY H1NZ MOVED TO BEG1N THE CLOSED SESSION. OLLIE KOROPCHAK- WHITE SECONDED THE MOTION. MOTION CARRIED, 6-0. Address: 209 WALNUT ST., PID #: 155010036041 Address: 207 WALNUT ST., PID#: 155010036061 Address: 200 BROADWAY W., PID#: 155010036060 9. Adiourn BILL TAPPER MOVED TO ADJOURN THE REGULAR MEETING AT 7:12 P.M. JON MORPHEW SECONDED THE MOTION. MOTION CARRIED, 6-0. Recorder: Jacob Thunander Approved: May 9th, 2018 Attest: �. `� ��, � Jim Thares, Economic Development Director Economic Development Authority Minutes — April 11, 2018 Page 4 � 4 MINUTES WORKSHOP MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, April llth, 2018 — 4:30 p.m. Academy Room, Monticello Community Center Commissioners Present: Steve Johnson, Bill Tapper, Jon Morphew, 011ie Koropchak-White, and Lloyd Hilgart Commissioners Absent: Jim Davidson Staff Present: Jim Thares, Angela Schumann and Wayne Oberg 1. Call to Order Steve Johnson called the workshop meeting of the EDA to order at 4:30 p.m. 2. Roll Call 3. Consideration to review for comment draft Guidelines and Application for a Downtown Fa�ade Improvement Loan Grant pro�ram Angela Schumann explained that at the prior meeting the EDA approved the drafting of an illustration that would showcase the type of fa�ade improvements that businesses in the downtown could make. The companion to that proj ect was a set of draft guidelines that were provided to the EDA Commissioners. Schumann envisioned that a marketing piece would be created to showcase the fa�ade improvement program. A number of promotion ideas, including personal delivery, mailings, and social media, would be used to explain the program. Interested property owners could then meet with City Staff to discuss their needs and wants from the program, while incorporating ideas identified in the illustration and guidelines. A draft of the proposed "Downtown Fa�ade Improvement Loan Fund" guidelines were distributed. EDA and City Staff further discussed criteria and potential work components of the proposed loan-grant program. Schumann summarized that she would pull apart the loan program to include a tenant loan and property owner loan program. In addition, the EDA attorney will also review the proposed guidelines for any legal issues. The geographic boundaries would also be revised as suggested. Schumann also noted that the general fund would likely be the best fund to utilize for the program, but that it would be fleshed out during the next set of revisions with a pilot amount for the total fund. Steve Johnson suggested $200,000. IT was consensus among the EDA members to move forward with the proposed loan- grant program. Economic Development Authority Minutes — April 11, 2018 Page 1 � 2 4. Discussion Re�ardin� Rehabilitation Loan pro�ram The EDA agreed that the priority for now is to first get the Downtown Fa�ade Improvement Loan Grant going before formulating a rehabilitation loan program concept. 5. Adiourn BILL TAPPER MOVED TO ADJOURN THE MEETING AT 5:46 P.M. OLLIE- KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 6-0. Recorder: Jacob Thunander �� Approved: May 9th, 2018 Attest: Jim Thares, Economic Development Director � Economic Development Authority Minutes — April 11, 2018 Page 2 � 2 EDA Agenda: OS/14/18 4c. Consideration of approvin� pavment of bills (JT) A. REFERENCE AND BACKGROUND: Accounts Payable summary statements listing bills submitted during the previous month are included for review. B. ALTERNATIVE ACTIONS: Motion to approve payment of bills through April 2018. 2. Motion to approve payment of bills through April 2018 with changes as directed by the EDA. C. STAFF RECOMMENDATION: Staff recommends approval of Alternative #1. D. SUPPORTING DATA: A. 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DebiR Gr�di# Finaneial _ __ . _ � � Sal� Prite �f €�reR��4` $ �74,Od4,C'�4 Speciaa Assessrr:�r�rs �er[. �cs 7[}18 Tax S J2�.89 Proratiuns,� Adjustments Lo�n Ghar es tn �#h�r t�an CHar s - Im unds Title Cha es & Estrnw S�#�iement CNar es Titie - pwn�r's ��ie Insu�ance S 1,Q5�.�� Cq Rrefierr�l Ti#��, ;n�[, C�over�qe: 5 �ip,{]Q4,a4 Premiurrti: $ 1,{152,51] T�d� - Ahstrac6ing Fee t� Freferred Tit1e, In�. Title -,�ssessmenY Se�reh Fee tca Preferre�d Titie, In�. Tide -�4o�ing Fe� to Rr'eferred Titie, In�, Title - E;cam Fee to Preferred Titie, Inc. Title - Narne �ear�h Fe� tin Pref�rred �i�e, In� Tide - f�e��rdlnc S�rvse� �e� tv �r�ferred Ti�e, Ir��. �sppyright 2615 Amerl[a� L�nd Title AssoeisCipr� A!I �ights reserved $ 24J,40 $ 35,(?i1 y 2SI�,L7� � ��,4� $ 34,0� $ 30.OG f��94�-18,P�pf02092-1A{25j Prir��d on 94104;18 at Cr7;2:'��1 Titl� - T�� riden�� 4b Fre#err�d Ti1�e, ,�r�e. ALTA S�ktlerr�nt Sta#em�nt Borrawer�Qu�+er- Con�i�,u�� aenn $ 35000 Gov�rnrraen# R�o�lydfn and Tr�ns#er Char � Recarding �ces ta Wright �aun�y Recvrxier � q�,�j Canserva�on f2e b� VVright Cour�ry 7rr.�s�:�rer $ S.pO Sta[e [�� Tax tcr VURIG�iT C�11�1TYTREASURER � 1,221,D�I P� ffs � _ Jhi�rt�l6�neuus L�gal �ees tn Fol�y & f�ansfield � �,�5�.pq Credlt Escrow Fee ;,�i P�ferreC! Title, Ir�e. $ L�S.d�+ �uetar�is s ��,s��.�o � �zo.$� Balan[e Dut FRC3h) 5 37�i,845.b1 T�TAJS $ ��5,5�6.�0 � 375,5�6,50 Aeknnwl ed� ee�nt 6'V�2?I h2v� care�ully r�vi�w�d 'hc Al TA, ��1IIerTt�nf �latemer�t 3r1r� finr� a ko l� � Crue �nd ar_cur� � s3�ierrr2r.l �' all rer,.�jpts Sns� disb�rsements m�a� pn my ac��unS or by rne in lhi5 4fansaCtit�n 3nd fu°thef C�Ri{y aii�[ I havP r�reive� ��Cpy al Ihe AtTA Selil�menf St2atem�s�l. UW��1 �u;harize �=eferred Titl�, Ir�. t� cause the funds to �e d��ibur�seci in aceoraancc tvilh 1�is slalem�enP. �ISy 0� MdfltfC�fl� �4f14RlIC C�2Y�18�im�n� RU[hqplty 8 �; President sV��.'7il Seeretary Yel�y €rickSvn, Ess�ro'u� �OffiCer ac; d �-.,� 'tr, �-C� �' �- Cflpyrlgh[ 2U15 Arr�rir.�n Land Title Assaeia�ion All rlgh�CS YeS�P+a�d �;0��74�-]B,PFDf42Q�2-dSj25] Prinked or� 0�{p�,r16 at a�:21°AM Jul�e Chene Frnm: lir°n Th�res 5�nt� �a`edn�sd�y, April 4, �C}1$ 9:�� AM T'�� lulie� Cfaeney; �arah R�thlisberyer, Wayr�� pberg C�: a�.igela 5churr�ar�r� 5ubject: ='�,�J: 112 We�t River Street - C�r�ck for EdA €'ur�hase At#achm�nts� Revised Se[il�mei�t St�te�nent.pdF� Fully 5�gn�ed Ps�rctxa5� Agreemen#.pdf; v3-��h Ps�sit;�n ai��r Lar�d Purchases �-�-�d�8 j.Mi�x: Claas�nr� Notice.+�r�rx; Ful�y �,iyn�d EbA Rest�l�tia.�r � 20�8�05.pdf lulie, �aral� �n�1 t'o��yr�r, F)I�ase see r�uis�d 5�'tl+=r�7�nt 5t�tertjent. Th� �rn;�un� [rs r ut t^�� ::i�F�k �z7�,�;(]v5.��. Th�ti :s �in incr�.�ti�:�� r�f �12 �.17a�, From: Jim Ti�ar�s Sent: �,�l�dnesd�y�; April �4, 2�18 9:�6 AIM Tr�: �uli�e Cheney; 5aral� R�thlisberger� W.ay�,e Qb�rg �c; Ang�ela ScMurr��nn ��ubject: 11� VYle�t River �treet - Check fvr E1�A Pureh�se Julie, SaraF� and va+a+�ne, pleas� s�e� the s�ttlemenc st�t�ment and r�r� I��tk�� g�;ura�er�ts, the {ul�y 5ig�ed EDA R�5olu4ic�n as w�ell as tt�� fulJy exeCuted purehase 7�.reemersi, f�r this �rs�perty, Thre �qrre�t amouni of fund� rieeded #q brrng tv ihe elc�sing is ��;� Please pracess an�E deb:i# th� �ppra,priate E�A a�count for [his pur�h�se f sarne �5 th� three previ�aus transactions in �018�, ihank yau much__..and let me knov�r if ya� h�ve any qu��ti�ras, P�r�f�rr�d T��I� �n�. � TI�� Preferred �u11�y to CPQ�e �L051f�G F�r�TIFI�ATI�hJ C�e�r City �F Monti�ef lo Eton�mic f]ex�eM�p�irr�ent AuthaarftY . RE; Fil� No. Cl2p4�-1g - Purchas� of; 11Z V4rest Riv�r Str�et; Mc�nticellv, Mh155.3�G2 ��ngratu I�tians or� the purchase �f yaur n�w property! We would Pike t� share with yau � f�w itams th�t wil� 6� ��mportant fcrr yau to know re�ardir�g yc�,�r up{o,�,i�� e��,�d��n Cl�sing [7at� �nd Tirne: fl4/1fif18 �[ia C}2:�0 PM L�[�tion oi �Closing, Pref�rr�€I Title, In[ 11� lhlest Br4adw�y M€�ntit�lla�, MN 553�i� Yau will be �equired tr� bring �fcyng 2 f�rms of I[�, one �f �rrhi�h needs to be � piciur`e P[�. We will need yaur sotial se�urity rsum�er �ndf�ir F�det�i Tax If� �#o. C�sh�er,s or Certifred �r�r�ds r�acra+� {��y�r�a�,� �,� {�r�ef�rred i"itJ�, lrr�, �r�r �h� bcr�a�rc� c�f �th� dowr� payrr•rerr# �r�d c�osrrr� ct�s�s. We Iaa�k feyrward k[i working with yvu �nd making y�our eMperien��e v�rith Preferred Titl�, In�_ � gr�at qr�e! Pl�a�e fe�l free �p c�antact us if y�u h�ue any �u�*stiar�s, Respe�tfully, Preferred Title, Inc, .4�rlf �}. 2�1$ 14e!]� �rickson Pre%rred TitJe, ft��c. I 13 �'�st Brc��d�a�$y �,C): E��c 1�7 . 14li�riti�:�lls�, i�vilrl �5��2 d�E: BifJr'.� Grrrrr�c� l_LC (`:Scpll�r, � Cit�' ra}�rb�r,radr'c•eflr, L`er�ra.�fx�ic• Dctridr,,n�er�i,� r�rhr,riiy' ("Bri}`�r") 7}'rJe�r �'r!� :'4�r�. UZfl,iz�l� �e�r lGcllv. m,��xz��, �w. «�x:+��t �St[4TIFiL'k' il"r [;�,4V f.]Er.ca l�i:�l q612� 3.; ;�I ± I 4171�1�,:Z Illlllv�t;l"•;ii�k�l71'•.41�ti-'_f�45'417.i�4�i'll F��n�� fr��n tlta pur+�lt,qs�r i�� Iht aa�at�u��s li�t�i1 un t17c �etll�ei>>4ett Sta�e»�ent i�f �3?�_�f7�.G] �4�ill be {i�lik=ercci ln ��nu �n nr ��.f�r� ��ril ] G, ?(D I$ and Ihe 4ettl�rnent Sti1�a��ent si�ned� nn L,�ii.°��f� ��I' she Cirw° a}. M�ntiweil� L-'ci�rlc�mic I�Cl�IC7�?htl��.�lLLCI1C1C1�� 8�7C� 4i �upy �f iif+e Rw�aluti�,tt r'4Ppre►in� ihe f'urcl7rl�e uil� �I�c� h�c d�iio��ee•�d. 1'�4�u are �to[hor��.�:�i Ca re��.r��e the I'san�ls f�rr�m pureh�ser �s�,�rn de�i�cr4 of a�:��p�� t� I]fis oettir ic� irr� e��r�uled r�n behall��f F'reierred fitl�;. In�r. b�� Ifich ��u ��r4c [ta issu� ,r poli�c�,� c�l'titJc in��iran�� Sca ti�i Cit�� ot-iVl�rnticel�r� �.cc�rtc�9�ic pe��lc��77e�ri ,1uth�srit}� �e�' irte I'rnf-[arma. r't; uf !1,pril �a. ?(Il�. t�c I�ziv� not rcccived th� }'r[�l�t�rnitj_ F'lease s<nd c.n�;ic� c�t' all li�e ftilJ;�� exe�:ut�cl c!«�:��t��nls. int�4��i�ti� t:��ttited S�lili�tnei�t �1.�1�n�ci�is. t�� ri� and u��n receipi ;.�f tEt�e ri�c5rd�d ri�rL��m��tts I'rc}m k�'ri�;13€ f'c}tint}, �31rs�se: ��•c�� ici� .;�7pi�s ��rtl� r«r�rti�tt�, i[1I'i�r9]]3tit�3�. Sif7cerel��, ��a�rtfra Ir��raiti� cc; .�fm T'lit�ees, �'iti4� �f�1�rn�icella F,L�r'� [E�} �mail] F3y� si�i�ii�� shis Iett�r. 1��,r�s; la coia�pl�� itEr �he ii7�tructio€�s gi;�e�7 tn Pr�feri•e[I 7itie, Iis�. L>ocGime[�ts ��ill aaot b� r�leas�d �inii] s:er�h tiine �1� Pr�ferred TilCe, I�i�_ is i�� full arkmpli�rs�:e ►+ith 5�tid ir3c�ructions. r3��te: . �018 �'refcrr�d �ritle., lnc $;� ; �`itle S?U4�+�v] Nk1-: �+9N339-3R E[�A RF.S�L�'�['�[�� Ip. ?O1'�-1�� €ESC]LUi[DN .=1�,F'1'R[]'1�T;'�G �'l1RC`Nr�IS� r'1[�RF,F,PI'IEItiT�` F`[}12 'I'�IC ,�,C:Q�:l4IT'fUh CAF ll? 4'f�'ES'1' l�l�'�.E� ST�t�:E:'T I31r" Tt�F, C'i'�`l' i7�' [��ii31"k'TIC'FLLU f:�:C}�1f]�f�tl�' lyE`4'EL(�P?t'� �]�i`I- r� l' lT��[�RI7''Y' 13'� f'f� �iC5�1L1� t�I� f31`` tlic Fieaarcl {�f �'t}n�smi�sfe�t��rs f"�t�arcl"1 a�#� tltc C'it� c�f f��l�rtti�ellc� �C�Cf]]iltllli: C�Ct��I[��IS1C�lt ,'�L11�14ti]"lk}` ([]l4'. ��,�Llli7tiiC3?�."] i�h� tC)��{555".5: �J�t.tiC}a1 �. �'lt'.l:ll�i�S. ],[)]_ 'Tli� ,�utl�+.4��i}• ��nc:l I�ii�s Gr�r.i�� I_LC" {tlt� "5�ller"1 d�_�;ir�: tc� ��7lc:r int« ;� �au:'c17,a5c. �w��'��rr,�nl �ik-ke -'!'urch�� :i��r-LEityGn�"1 ��4ir��4ts�t ��.� �4��tiiclt tl�e .At�ilac�i`it�• tk�ill .V+.'L�LI1,�� urt,��i� F3i��}��rsy lc,�ateci .�t I 1? �1�`�st lii�,cr Ski��l l[�� --]'rEiE1C1'l��l iiti tl:�: C`it}� a?f ��cro�is��:�il« i;thc "(:it;�..} ti•t¢�`�t li7e ��ller ti�r �x�iw��tso7iic: re.ai�telc��y�ty��! }�u�l]t3ti�w i•el�tl�:t� ii, tl�e r�;��i�ala��[i�7�� irt�al7e di�t�°i71�.�u��rt ��r��. 7'h� Prca�y�re�� is ci��crit,c.�:l in F;xiaihit .� •a[R��clti�.cl ]jeC'cC{�, ] _(l�'. ]'ursu�jni Ei� ih� I��r4�h;��.� ?��!"l'C971�17t, T]}4' ,�lltll�rF1R1` ��'lI� �dU�'l'}�t�wC 1�1� I7fi7�lL']7�,� �1�if17k 117c �eCler ti�,r a I�,ts�l g��rcl�.ise �,o�icl �at �:�7��.f}Ilii p[us r�lt�t��l �ic�hin� cn�t�_ I_[i j. 7`�� :"1utFtic�rit�� iiitil, Ihiat ,�e€�ui:i#is7�7 c7�� ti�c. 1'�-;,a?�irtr•� �[�n[iymis :c� tl�� C"ity''� �c,mj��•ef�ci7�it�c �lstn ati�ci �m,ill r�.rc� 5luti�,, ;�s �1��'��•��i hti� t11� t: itp� s�9�c� �1�7L�1i91��>', :1171I r�°iEl tilC%�iI}�(� III� ��;C117011llt I�c:ijC1'ti.]�7F7111i171 it11{� ft4'lC:i�17;1t1L1ll E.FE II114 �kl]�Lt3ii i5f �t1C' 4�{?tit]l�C}lS[1 �LCL'2l L?t ��1� C'ItV. ].{J�. �'u�'�t��t� tu ��1iiu7�:s�3t�'�tal�i��. `��cti��7 �t€i?.,�;�%. w��hEj. �. tfi� E':ai�s7i�7�� C°�.��a7�1�i:::;is,i1 i�1' t��e C'Et5` i��t �,�7 '1�9a�r�1r Ci, ?U l�s, Io r��.�i�xr spi�; ��r�,F�co��;�l at�g��iwitie}n ;�nc� .�a �{7rt[i�ra11i1�� tc� th� C'il� `a i'c�iti�E]rch4s�sttic• 1'l��l_ �ujci li�ut��l 411��t Ehc �i�y��i�i4i�ir� i3 cu�i�;i�d��it ti+:itti tR�� 'isv'�; {:L1L71�C{:hCl7wlkri: i)I�li1, �ec�it�riti �, I'��r�:11�4c; A�rl�e�twnl r'��a� ��} 4_ti. �_t!1 . 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Pur�l�:�ti� ,-��r��inesit 117 tilE}1til.lflll�]�I1' [Ilc; ti�9"ill 47]"t'.Si'.IltL'.Ci dil 1�Zti.- r'�lJ�]lC7fli4, 5LIl7�t'Cf ttl a1libCjlt]L:.il�l{71�ti Cj]iiI C�i] Pli)l t3��ti.�" ��1�_ ti�J�7ti[i1fIL;�` l?� t�ZL' tre�r�w��tic�il a��cl t17�1 sir� �ij�r�t�c,w�eti �i}� tk�� I''risi�ir�nt �iFc] E�c��Giik�� EJ13S'L'�41��. �1CL}6'l{IL"� tl�;�t c�:�;ecutic�n i;t tkti+: P�r�h��tie :1L*rc�:in�rtit }.�� Ilx�,�c caftici��lti s}�t�ll b� �crnclu�i�� a��n�� +i' thi:ir �1E7��ri��il�_ � ?.l�?. .�.tetl3��rit�v st��f�f �,�n�1 c�t7ir`iz�l� ;,r�: ��a[h�,rizec] tn t.�l�� ,alf [�c[ic}37� eii:i�:ti��ji�� t�� p�ri�rnii lhi: �'I�adhc�ris� �� nl�li��tii}�tti ��ndcr ¢]ae E�vrcll�s� fl�re�ii�ent ;�s u t��lf�sl�. iilclualiit�� u�i�hc,ziE lin�italic,c, ��?i4:CLlIlilll c�f��x�1,` L�L1t'lIll7�tll� Th til°I11LI3 t]1� ,�''�iJtCii171[�,` ]ti a p�arty r�i�re.n��c� in nr ,�ti:��hcc3 ti� ihc I'ur��Jt�is�; .a��ecw�3jc�,��t, ;uic� ftn�� c��€[ asi° {akl]�e sA�as�n�ents i��:�.ss;pry i�� a�°yuir� tl3� Prcr��°rty° ti�e,m t�7� 4�lle��. all �as r�esc�hs;d i�t ri�� '�r�h.�s� .^��reLtner�t, F.rrur� ['nkunssio �LaFcun�ru� �..re�GM�13 iaaia�c. :��5},rc��ccd tlti� C�Ii� ria�, tiif ��'�t�i�;li, ?fil�, k�}� i}��° B�:�T� c,t �'o�ztrdaissick�t�rs c�t� sJte C'if'�� cxl` :�.�ltanti�.�:llca ��c�ncw»1i� i3�� 14�}�r��itt .� ul�iarif��. ` f fc�ici�n� -- .��'"].�ST: � ' ; �'� i �� ---,��, � - �=�e�;�u!'�•�e L7ir��c[ca� - —�— i J �� I� � H I [�! �` �1 PR41'E!2'T�• Tl�c►se ��strt�; ��f L«fs ],, i �l>>� ('o. �fc}�h �s?. h,.fc,��ic.cllir, asiurdr�jt i�� 1h� �•�:Lcar��4E �31r�;[ t17�:i'cc,f, V4�`ri�ht C'c,u�7iv. '�'[>>t�it�calsi dc:scrilqt€i �s tiaC�rtiw�: ��iitiji��8 .it tl�� i�1��s1 �,�;�1�r�� ;axr«�r t�#� �atid Lnfi �;; Ill�it;�� c,e� [31i :JtiSlJC57c:C� Il��jl'lll� i]r�S{)l1IFti ?,�9 LI�'i!i'CLS I Cl li]Jtlllit'S ��} 44C4aflC�ti'4�'esr �lnn� sli� �1tiLiF1C35i1;1-�'�' �1[l� dff �tii�l L�tt ]:. a di;t�in�� a�l' f(,S.�C� I't:et ti� th` ��7c,�t w��reCla�t-]y' �:urn�°r r}f`��id Lnk 1i: flteitic� f�lraa�lh (m� �I��iic5 �S �tu�t4tte.w 3f� 4�c.rin�ts ��e;[ ali�i7� �1��. ;�4+4it�7l��esl�ri�� ]i��c; [3fs�tiri Lt�t t i, � c�ostdii��.� �}f 3.C}C7 t�r�s tc> �� ca�Psi�1�. k�uiir�i�7t. J�wi�.; Ehc��c� Se��t17 �=� ae��re;es E�ti �r�ialu�e� 5[ y��imils ��'esl �il��i�� Saitd �uttiirl� lhuil�tirt�, lie��. a dis�rr��c.e c�f�.�? t��t t�3 ❑ h�Ril�ii�t� c.5 1�latirti7 f,� �l� FrGE:s �(I mE�7�a.�:ti " E r��ra-; ilien�c � I{1 a�t�ca�7d� ��`�st al�rn� s�ic! �r��irl,: ��lI1f�Il�7�! �]]]i'., A llltik;�ll4l' c�f' ��#.f14P ti�:t �n .e builcl�il�� ca�onr:r: t�ZE.slr:c �c�r[ij ?� cie�,.e�e, ] i� mii�utes ; ] ��c7rti�i� �a,l ��ic}r�� ;;rpid t7lifSIC3� �7Ul��C�lE]L �ini �� t9i�t�ics�:�; ttif 7�.I1{) tcet C[r a l�uilrli�i�� c?rn�.r; ilten��,_ 5��utl� C,� �i��t�w � l n�inut€� .flt) ��c7��i� E:t;l a]c��i�� 5�iti �,ulsicii huilciii�� [E7C. id ciitit�i��.. � E7f 3.3 � f�c,l Ic� tl�� 7{jrllttik rw�`ri�� Cin� a�1� 11�e �a��llieti�t�riy �5.(1fi leet n1� �;4�ic3 Li�t 1�: f11c^i�� ;�o»�r ?5 ��r�ws '+tl n�i��ulc� .� 1 s�.c�c��7�3w E�_ti[ al�yn�; �'s[tL� [��lr[�llS'L`tiTti'�S� 1117L. � 4{fSdtillliG i5� �. � I fC�;I IL} �}l� ,yfliJlll41'�ti��;.fl l� ]in�; c�f al��: ��,a111t;i��e,�1�, �5 fi�1 ti^�i c�f �,�iieJ L�sl I."+: th�.n�:�. :�rf�it�7 l�k c3� � � ' �r�c�� ti�;t �Jcfn�; wt�tcl �tmuih��t.tc:rly [�n�, ,� ti�s[aan�e c�i' �(),�1�} ��{'L [l} C�]f', ]7f7f��144 L"tii�l'��' ]Il1� LI�' [j7C Si74]t]j�:;JS�CI�Ik' � S,(){J 1e�! ��} ti,�ici 1 tat 13; Ilt�ii�c 1+�c�rk1� ?� �[��•r�s ! C; �7z�nu[e:� 4�} ��cniytl� F��t :�Con� s;�icl n��m�[la��e��;rly: 1l�1c�. ca cfi5�:�il�.e [��,�� t}Li f�LC lt� t}�� iat�rtfi� €titCrl�' al[le; �3t �aicl Lot I�i; tli�al�� SLiL]t�l fi4 �iE�r[:es f��st �l�mr* 4:ii�l nc,ail5i�:i,Ic�a�lt �iii�_ :i clis�;aiic;� t,f I i.l�ltf f��1 C4� C�1C �7613�11 Elf�}SC'�117t]il]�.. #:rrr�r! l'ai�noKn �lmsrienroi[ µrnp�•rla iiar��s=. P[rF;CI�i,4SE ACR��,l��?�T � 12 �,'4�',esf River Street, h�nttcice][o, h�in�esata 7`his �'urcha�� r��r+�i:m�r�i �:.,i��,r��;.�l��i`�y is m�d�; tftis ��,3y nf 14'far�:_i�, �{11t�, br� artc� f��tx��en F3iti�s Ciara�cx l.�.C", � 11�iie�nes�st� �rtnilc�] lial�ili��•� �o�np�ny j..Seller"j ar�d tl�e C'ita� o�' !�'Ir�znttC�lf� Ec.r��tc�mi�. L7e}�tlopmei�t Authc�r�t}°, a p�t�tic l��d}� Gutpor�te ��d politia� ��l��r~ the la�ti�s nfthe �;t�te �rf 1+vfiran��cyka �..iBp}�r •j� �. l�i��]PER'1'V'. S�ller' is ttye ce�r�n�er �F �m�erC4• lc�c3leci al ] i 2 5�4�c:�t Riti�r Street in fly� Ci[y c�f f�1��ti�elln, '�iinnec��#a. u•hi�.i7 is f��[l}� d�scribed can il�e a�t�chcc� �xhibii .� (`�Pra�erzt•"}. 2. QFFE1�lA�'CEPT�'�.'V�'�. hi cUnsi�i�r��ia��a �Farid Suhject �c� thc tenr�s art�ij �rok�is��n� r,f` ti�i� A;�r�e93�cnt, E3uy�•e� uftei°s �n�t a�r�es t� �urcl�a�c �ni! �eiacr � r �,rs.es lc� �ei] ai�d h�r�k�y �,=r;�i7[s tn �3uy�er ti7� exc]usi��c ri�Itt tcr purcl�a��e ihc f'rc��crt}^ ai��1 all it�pr�vcia�e��s t�i�:r�p11. tn��°th�r v�'ith ali a��pu�tet�ances. Alf Fi�ct�res lc,c�t�°r� ��t tt�� f'eo�c:r#!,� �n th€: tfatc nf tl�i� ��gr�t�metti ar� iiZ�l��d�� in Ihc: pt�rcla��e �,�� l�le [�rc��c,�r3�,r; pr��icled i��t ��;rsa��f F�e��rtY and tra�i� tixtures (t� list n#`ve�Niic.h is hCkas;iied a�� xhil�it ]3) ar� il�i inc[u�r�d in d7�_ ��14 t�l'tltt I'r�c�ptnv, �• PC�f�C�A4� PR�C°�; F[],� f'R(:7P�It`!'�' ANp ��'�It�l'i5. a_ PCJI2Ci�F'�5E F'R�CE: TJj� t<}ta0 �aurc:11:�5c E�rtt�; tnr t�ie Pr{�tacr�ti', rc�sr��e�7t��ig ti��: f:air r1�,�r[cet }�allu� c7f t]�e Prc��eri�� Ik�� i��r c�ritlpera��tti��rt att�ib��ta}�le #c� reln�.�t��stti b�netit� }yursti�t�7d tn paea��a��E1 l��-�t�f. i�: 7�h1°�c IH�tic3ee�1 Sek�40�t�' 7`hnusar�cj �tn�i t]{]� li��th� f�t�ilars (�z7t),ilfif}.U{1) �..�mur�hs��; f'ri��"y. T�Rl4�f5� �- C:A1��lE.ST IVI{}N�Y; Ear�1�.'si rry�an�.v in th�; �tnr��ent cff T�a� fhE�usa�7d art� tl{frl{j�}�lis [��,ll:�rs �$ I O,iD�IC}} (tl�e ..��:��rne�t 1vl�n�.�,�_p �hali b� J��ici hy{ l3�ye;r tc} �ell�;r ul3�i�1 e�Gruti€��i ��,f [his A�r��nj��i[. F3�L,�IV�'E �1�iE SELf.,CI�: F3u�'er a�;rces tu �a�� tltc h�l�rtcc c7f' tl�e f urcl��st !'iii;e tu tf�� Se1ic� [a�+ cl�e�k o�° wire traa�sf�;r cin th� C'Ci]�i�zg D�d�e ��c:c��-c9in� #�� [iae t�nns c�i`t11�� ,=1��e��r�eret, t]F�:D'h�1A�iiCF.Tf'�B'LE T'fTLF; Subj�c# t� �reef'cai�n�n�:e by f3uycr, �ell�r a�rc�es tc� �.x�c�,t� anci deli�•er t❑ �3�rver a'4�'arr�nty i]e� �nr��e��n� m�4rket�b[� fe� sin�pfe �i[]e to tha� Prr�perty', f�'ce a��cf cicar iyf �ar��. �t�art,��a��:s, li�ns or �ncumbr�ilces c�th�r cl�are rtllitt�rs created by c}r ��.�css�table t,,3 �3�y��r, sub��t crn�� tn th�: fe�llcx��i�� exee�#i��n�: F3ui1€iir�� ncf L{}]7i11�? ]�u��, �rcliraa��s, s�ate ai�td fcc��.r�i re��iEatii,ns; R�s�a��rilintl n�� mii��ra15 �r minet'�a ri�>>t5 la kl�e Sl�tt� rat� 5��ii�Gfiia :Vfi1! M�,i2s_3H �'�init4��,t�� i�'arty; �r�cC �ii� !'��l�lic uEilit�' ;a��P �j�aii7;i�e eas��cnts �i` r�cna�c! ��•I�icP� u�ilf nc�t ii]i�rlcrt ��i1kl l3u3�er's ia�t�:n�icl u�e ��F�J7�: I'rc:�ser[��, �. 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' ..� { , � .��. �3'�f C�y_ `�- � -xa<� � �� — it�: ��c�r �;� � — ._�t� � . r�«� �-.,,r €3V; � �,5— �~. ��t—��`'�,�— � I��:.Excc��tive Dircc:tc,r-- — :4�� ,• {�nit:,uxa �.I�I .tiNi�;-,� � � ��t�� -�_'} aLIJC.SC['] yII[lti i1�� I'�•r,jJ��rt� Tllc��: pac�#�; c,f {.c�i� l�. �.etld ��, f3lcrc:k 5�. ��tantia�tllc3. �c��rr�ii�7� tn tl�c recn�'�lc.�i �}].it tl�er��i�t. 1��'rE�;ltt C'€rou�7[�r', �9ii�r�,��ceta ci�s�rihcc] �� i�lli5ti4-s� f#��,�iililiu� �E fl�� fiii�s� �.a5t�.riv �[�rtt�r cff�s:jici Lc,t �;; El��.��ce �7r� �in i5c4GIn��! k�e;�a€int crf'S«uth ?+ d��rees l{� �nii��xtes �� s�ecnE��ls �1��.st G31c��a� lft�: s<r��tiyc::�:,#�rlu• Eit�+� c,t �:�is� Lnt 1�, a c�i�wt�r�c� ��t` l(�:�. �b t�:�i tt3 t�li: n3i��k scau�l��r]°.� t.corit�:r 4�f w;:�ic1 !_nt �_3; th�nce Ns��rth �i� c�e�,rec� ��# nt�nr�tes ?C� ;eet�nc�� 1�� e:�t alc�n� ti7� tic3ut}tt�c�t�.rl�� 19as� i�;�said �c�i ] r, �. c�i5tat��c €�f` �,(1(� te�t t�] a�.�rutsirJ� buil�3rr�� ]I]7�; �]l�]]L'� �iSL]T�7 '4 ci��r�e� I�; r7�i�7u��:s 5 I �;e�on�3, 1��'�.st �tIr7E�� ryid o�itci[;3e h��ifclii�g lia�c, � c�i�t;�ilc;e stt�41?7 fect t�� huiE�lie��, ct�rt��r; tl7�.s�cc: '�!c}artf� (35 cl��re�,k �71] rrainut�� p() s��c�nr.i:� w�'�� ;ilc�n� ti��id c,ufsit�� l-�uildtn� li�7e*, a 4�list�encc c}t` ��.(lCl f�et Zre a lxuilcli�7� ��,rne�'; �hc�nca; �l��r�ii ?�4 ci��rc:,��; �$ �Z�ii�ul�:� �l �,��•E3t��c1� F�wt a7;��311�4.Sii]€� i7utsicic huslci�il� f��7� a� tiistancc of' }$.{�C9 fe�x tc, a htail�fi�� ccsr�ycr; tl�en�:�; �;t,{�tjl (�� d��rc�; �}I ]Z111111�iR �t} �k'.�t��lt�'+ f E1ti1 e1�1311'CS, Sikk(� 4)lltSIC�C 1?VJ��{,j]]Z� �lllL'. :,1 {��#'rl]7CC {7� ,�,�i i �fitil tti) �]�t i74�t1IlISl'SiL�'C} ]i37� c,� �17� Sc}��th��terlr� �5.l�f► fecr c�F �t�ic� Lf,i 1.,: th�nc€� 1�'��i•Ih �� cac�rees 4� nj��ute5 ; I�eec�nciti f�::is[ i1�C111�, tit31€I r}�yrCh�4��1�:r!}� airi�:. � dislunc� �fi` ,. f I P`�t tn tl�� sc�uifYtk;:�t�r1�� ]ia7� c�i tl�� '�car'ih�;�tstcrl�� 5.f.a(k i=e�:[ cx€' �;�itl L��t I�: tl�4ejc� Sa��Gtl� (ati ��i��r:: E�i;t :slc�il�, ;;ai�{ tic)�atllk��,[Lelti fiu�, :� cii�t<<n�� c�t�3(}.fl{) f��i l�� tdaC ��cartf�tti��;tea•i4 liixe crf [17t �irtiiif��a�lc�,14� 15,fjd.1 !�^�[ c+fi titii� I_�,k I=: tlr,�ni�. �r�rfh �5 c�c�,�.rc�w lfi rr�s>>4ad�ti �� se�:c�i�c�s �a�i t�lcan�, S�Mitj a�i�i7ht��e�t�ri4� iir��. :� c�i�tat�tl crtl` ��.�M�i te�t i�� tll� nc?��t11�:�3,ter1�� ]iE�e t�f �ait] Lctit i,ao lk��:��t.� �c7��tlt 6� ci��r�:�� Ea�st �lcwn�:�43i�9 nnirtli�;��terl� ]ie�c.:i c]i�t.tn�c� ilt ��,�J{) f�Cl tt'! C�S� ]7illllt �,3� E?f:�j�7�i1E7�4_ �-� s�nur,n.d ��1Vrl�1N3;c.3h EX1-��fBT�i� � T�RAllF: F�17�"l�l![t�5 1. .�ir cr�m�r�ssor �ncf ]ir�es 2. Air hos� rc��s `�. 8rids�e��rr t�fi f! 4. �`]�usi�t4 �.r�t�3w �, �'re�� l�r�k� G. Grcr6 E3�nci sa�� ?. fV�i�l und E�th� 1�01 ��ar;�gc tabin�t �- De�i]! prc�bs�s �), 5r�ra�� ra�k��rackin�, 1 D, l.f�h��[et-y se��ir�� [�hie ] i. �tc�r��e cak�i�i�� r?. ?�`cr�j �}I.�r'd�s��ir�d ha�e�itlr lie[�ts. I 3, �{ir�ka�� .r�mi� C[�;}�!s in �f%ce i�. ��rid rac�.i�t,� t�i� �.�<�i]h 15, l�cc�r�liv� wnirr� cyn 5�' ��,�i� 1i�. �1i] vii7��c. �.in�in� cir� si�ns CHECK AMOUNT: � 24 S• fl D Check to: Meetio� Worked: CHECK REQLTEST Harry T. Lantto 907 — 2°d Ave S Buffalo, MN 55313 REQUEST llATE: 3' Z'i ' I�S' Vendor # Planning Commission Date �� Lr' �� Time 3• 25 Amaunt Due�2� � �llA Meeting Date 3• I N- • I� Time 3• ZS Amount Due 2.5a C'rty Council Date 3' j2• i Q Time 2• 25 Amount Due �'tG a City Council Date 3''LL� ' I� Time 2•�-S Amount Due �(p D Total Due: ��'t'�- aD Planning Commission: �al. �'�'�� i0. 4�31�!`t� EDA 2�3, �}�.3o4.�d�3I`ig� City Council ibl. +�j-I I la. �l-3159D �(0 2.Sb $Lo2.5b �12o.�p Autharized bv: Date 3� 2'I � i� TIME SHEETS ATTACHED MQNTICELLO CUMMUNITY CENT�R TINIL SF-��T Emploree Namc [ 1ARRY I,ANTTO Position Pl.JE3LIC MEETING R�CORD�R - COI�iTRAGT DATE TIM� TIME Haurs Meeting IN OUT Worked 3� � �s� 1� .� z �� a„n,� ��, �, .�` I '� n� !�'{'. 1�� 2 �� uYX s � � s f/►�1 � 1� r�'� 3- �� D 3 .5'3��Pv"� �>��ti� �Z. zS� �� ' �,��ti Nleetin�, Payment $60 I'qr first 3 hours ��r�c�aient: $] 0 per haur for every hour after M1��TING RECOI�DER: Harry T. I�antto S[GN�1Ti1RF,: DATE: ,AU"TI3ORIZ�D B � -U � . n� t�r.: �- y� � I S� ■ . � ��r�� . �,�D��igr� �'.�1.$oa€591 h�Cpnti[elr�,r41N553fi2 vuwbv.rnaji�..rnr� 7a3.295.d393 d�s��-�majirs.�am �ill Ta � i!y �ia � �v1L�iltlC�.��O }Si�CClllrit5 Fa31�'ci�� 5i}5 �'al�u# �treel ��fc�nii��ll€r. �1�J �5_ifi? Item {�u�n9ity [ �rt�:[i+..,C i.:C� c�t�,� �� ( ��c,e.l4 � ht��7k 4'4i+.i 14+r b•[aur k�u.�n�.�,,. �escriptirrn ?� �31ir�k �2 fl;��er slc7ck .��8i°I l�r►�I�� [�ate in+voice # .�;'I?:•?4R12i 1515 Term� i�'t4 ] 5 F�at� �mount 9V?.[)!} 7�Cl.iiS} 'sih.[1f1 :ii1.tI�GF r'4 mon[i�lt' 1<S[E 1et c�l� �,S°o �3ill h.� eharv<<3 liir invoic�+ 30 il�+� p.a,� tlt�c wiAh a minir,tum ��ar�c a!'$ If1 TL}ta � Papmen#sJC r�� ts ��BI��P [��LJ� s?;�.rwr :4�a. [)(a �? 5r � ; ar) Jufie Ch�ne Frnm: Sefnf: Ta: Su� j�� Atta�hments: Jrm 7hares Wedn�sday, April 4, 201$ �:58 At�tf Julie �he�e�r FW: I�rl�alirs Invpices (2} Majirs b3'T18 "�750.QCl.pdf 5nrr+�r��°ron� ��dir1�: TfriS is the eors€�t_t e;�rr��; �1�-4�(�U(',�-A:��99Q �ram: Jim Th�res 5ent:: 1N�dn�sda�{, ,�pril 0�, ��18 9,56 AM Ta: ]ulie �h�ne}+ �ubject: FLV: Majirs In�+c�ices ��) Jt,li�, ':Fii, ��i1� is ak�y. PI?,�=;e �:��ic t�: �3-=]-i+i?`:;n_:j, ;�:�,,� Frr►m: Ang�la 5churnanr� S�nt� W�dnesda}r, April 44, 241$ �:21 ,AkM To: .�in� Th�r�s Gc: ]ulie Ch�ney �ul�ject: FUV: Majirs� Invaic�s (�� sn }�au please r�xriew xhe M�jirs fl�r�r inuoic�e #ar appr�+��l t�nsiderati�n? J�Tl�;t'li1 SCIlLli7lc`3.IZIlf r�i.�J' �c�rnmn�tni��,' f3e'��ac��Ri�ntDir�ct�r C=it�r cif A��rnti��llo ^, `s1 4't'.i'I.Cil�.'�Iltli_'4'��il.�Till_!:ti i €,3 -2 7 ] -;�224 �rn�if tarres�ronclence to r�rrd frora� th� Criy �if �M1+far�idcerfn �owerrr�r•rent offr'�e� rs subjee� tr� the l47inr�e��a#u Goverrrrrrer�i �nt� firaetr'res �l�t [rr�d m�y b�e disclosed to third prrrties_ From: Julie �#r€n�y 5ent: 1'uesday, April 3. Z�118 3;26 �M T{J: A�ngel� Sthunn�ann �:}t-�.r.cla.a�� .� �,��:-;��,.�:; .II =bI�CICi'�:'IL+.fl'I'i.11 :}; TQ�71 P�W��S C�UY'�1. } lv".'��t=:U ..fT!...�.I' CIC:�_�'-:.i,^'}f}.i�15? 5u6jec#: Majirs Invflices (�.) . _ .- - _ Tom � Ang�la A�ttached are twQ invai�es frflm Majirs. Let me know if you are nt�I the +�rie tv appr�+�e_ Inv# 1�1; -$75� — 61o�k 52 ,�rt & Fl�fer Inv# 1527 -�65.5� —�+�e 52eger BuSin�ss Cards �kay ta pay? Please pr�vi�Ee coding. 1 uJrey ha Cotien Sy Cconarr,i� �ew�lpament p�r[n�r#�,�p PG Box 525 R[�€�cPard R�M v5373 763.a 77, 3 4 35 ddm�n� wr�9hkoartnership,org Parm�nt �y'�Ffrod Cheek ivo. i Caa[e� a/3J�41B ]�fn Thares �+tY 4t M4M1CIcellb 545 4VaIrU[ St+Ce' �vi#F � M�anti:ello, �� J�. �-�_T-�'.�'s:`7 � -ry� r� _ _ _ __`.e ...— _. __ '� i�T"� _ a i znis Memhrryhip Due� SI.5z9.9{1 r� k'Y- r- ' �.t,.�r {:r., �..i •. i i �- I:i .��I:)41�'Ss�1[ ��r[�Ilfsf'�. Tntad Draeount 5��#ataP Sat�a Tax ��rar - ,' I : -� ,_ Si,}�9,`30 52, S�Q-9l� Ff ye� nave an�r q�r;++v;�p,qs f;+egSe rontaCt MiSsy ai �53,47T.3035. ��t'7J7�C ]Ip!! 1��'1T ]+"4Ldi �[}2i��'��:3f1Of}! C'.�}�1�1I?l�. ,m[7. lte e�l��• �,, enda 5_ �:an�si�erati�rn af?f�1� '�9�'�i l�� 'auntr° Ecoj��niie Tle��ela niea�t �'�rtr��rshi ��es �ir�} 7�hares s�ate� th�t the riues pax�pr�ser3 far t�,c 1,4c�,��icelln I�.�]}� �rC' ��,52�. �t l�ic•.F; is � �.� p�e��c�71 ins:�•c�5� �i�on7 lhe prct•ii�t€;� ��a�r_ U�i�tYc :�1c7s-tPs;��en, �.�4�riiht fitrtanl�� 'Uc�iintttic ]��k�clt��n��r�t Panr�crsl�ip f�'�C'E�7�'] +��i� in+��ite{� fca s��c�k ab�,��i ihe ir�ticrl+�•�cir�enl nf-Ihc P�.11'[ � t L'T'.v�] ! �3. 1�rart}�a�� stadc�ct th:�i ihe clu�s 1r� rai�e� e��erv uther ye�i� fn k�� L�] 4411}] 3&it�iiili78i. �'�L' stattsl thaf th� cast �tayed Ihe same thc pas� t�ar�e ye�rs aud ,vc,u��i �s�mp �� a�ain in t17c ne�9 ^��ear. f�4rt�Ls��eE� ct�te� th� nrgni�ai��t�{an u�i�rk��3 �xt�n�ively ��n pulling t{,�eiher v hrc,k�r ��ent 11ia1 ��-�.5 ��Jd n�,r 5�,}�te«7k�er !�"� ii7 SI, !+vlicl�as;1. �'i�� ,�enl tir��is tr� L��tia�al �;i[ic:s �uii11 i:iv cl�:+.'�luPers Eii�c� i:�rr��n�crr.ial rc�ltt-:rs. �t ��a�; antEci�a�t�d �f,,1t f17ia �:��cnr t��t,��lct h.l�,peit � �r�runx� �4��r�� th�°�.e v��rs, r� � ic��t� �v�� :�I�c� �r��te� rai h�l�� tiac� ��7s,a��i�itic� prea�7i�.�de: ar�ii ],r�;]�ii�hE tl7e C'rjua�t�•. li �� y��ieahlc c�r� 11�L ati�e��ssa{° I�F tlisplav 4aGm +�arii�u� 4ity ��i�;�it�;. r1 �c�i�i�55t�nft4� 1Jc[ tihe�;t ��.t� al��f 4�r�a�c.r! lisr �}��rr±4� ��»7i�nlittilt� ia➢ �'ei�}7f ['csu!]ti°. ln as�c[i��:i7. �lcar��,��cst �'��I;�iric€� �hiEt arlEcl4� u��e�e }�t�hliS�itit3 iri �i:�lta,a7a� rna�a�i�t�corri��ani�s (]n-F€��4�s.733CI f3�_��;i«css Lx��iisrar; Jcotyma]) �.ti �°wli, ��}��t��:�1 =��:�[a 4?C}?��i191�{j j�7 Lt1Le�S�.r�[i�at3 +�x°�Ih �re�t�r 1�v1S�', tF�cv �c}�n�a[�etc�i L}Usin�ss rc�ci�tic�n �rjc1 ux�artisicxn �-i�its tlzrc}e,��,ut th� u4,wnly. T�arei ai�ci f�c,rtha�e� t��nt nr� s��•cral x�i�its tl�rryu�;�rouc IhG �aaai }•�e�re -d7�re �'Cl] �C a�int�;�] rr��;.�liri� kk oll h� h�Jci in �io�;�ftta��i t�it 1�n�aarti• 19`�� t,� ki�k �i�r� tE�t '�(11 f� ��atrk�rlan. �I ��e �1��t� ci�np��r�i��1�4r ��ii] he s�sc��;i�� aq �E�� nt�c4in�. l,uii�.hcc��i� thr�:a4a�hc�u� ;'i7]f� t�.�ill l>�. }i�ld ua�ith a fca�us o97 x��i�,rkf�r�c, �TEa �I�a�i�,�:r r�sf�c�E ha}�ti e�an}' citic�: ::ir� invi�l+.��:ci +ti ith she I�desn�:l�hr�, �ins•tl��;��n st��teci 4hat a]] eilics iat 1�{o•i�lti[ C'o�ii�Cy are [nv�lx��c{ �xc�p�i l:s,r 5c�Ka�h !l��c;n Thir�:ia,�rc �lsc, i(1 ,�'- �susi�tes��ti in�Judc:d i�� tf�� nti4�7i�,�,�;�l�i��, l �i�E�er askec] �}��r�ot h€r�u t3�i dE�es ,�r� �r`�cula#ed. h��}nh;��t�� tate�l Clti� tl�r: rJ�ees ;ir� �e� r�n ��r:�c r�t� ��$ �47�,a�jrj�id�r� »1��i; "!';sp�,�r a]sE� �s�:ei di'r 1JiE t�.xt.il 4�u�f�c[ t,�� 4�'C'EC�P. 'Vcre[��a��n u�3��5��a-c:�l ;�E�Protina�ote��F b13i�1_Uf�f] +��ith Ih� C'i�ur�iti� pic.i�in� �� }f�lf��l'tl�c �n1�, W11. BlE,� T�,F'i'�R. !�+1�1+E� T� Af'P�#t71`�"�1�� *�r18 A;Vh��iAL 1�'C`CDP i��h7BEF2SHIP LUtS 1`d TFf� ,�M�Df.!N-f C3F ��.�°�,.�i(]. d21�� DA1�Ib�C}1� �EC£�t�fC3ED THE .�i+�� i �tinl h�#�"��i�:i� �'.f�i��ifG(� '7 fY i_ r1V .iLLF4 `ll� .. � '� . ,� !�_. �".�""� �flgi�� CC]Lfi11� ��411:�i116i' i�A'+r��fA[)1TlE'RI �'�ll'YF'iE'i5�d7iF: �llsi�'�1,��1� I�car]eff- Ciry ot �9or3ti[e�l�r, Th�nk ypu �or y�ur corstirpued support t�f t�ie +�'Urig�ik Caunty i:"�:c�rt�mi� �eveiapment �'�rknet�shi�, 1r7 ard�r Er� �SSi�t yQu in b�dg�t �1�11ning I`C,r ypur c�k�lmunity, ��71T] St't�{j1R� [}1J5 f1C1hC� IP] dCiVaxlce Fc�r [he yeat� [�f �al.�i. This is not an P�tvoi[�2, but rath�r a t}�s�nk y�do �r�d a r�quest tc� rest�em�er t]�� P�rkneeshi�r anel ats eFfo�ts �.vh�n ��vigatan� ypur l��s��et E�r�c�5s. Nlunicipalities' �u�s are ��Jcul��ted k��sed on �i�� reeent State Dern�gr•a��her's pU�u��[i�n esti.mates fi�ue°e�. 1�,�� dues w�ilC be b�sed �n the tnost re�e:nt st�tis[i�s. Tlte ever-changing prc�F�c �a£ l��right �oue�ty �nd tlte ine_re�se� tlet�iand For kh� P�rinerships' �ertiri�es h�lped r�e[errriiRe thi� policy. Mem�er i�westt�r paymenC Far FY �01�: $�529.�1�D The Fartr�ersEtig7 has �vc�rk�ci har�i t� incre�s� tf�e vissbilit�F caf 4�r`t'ight C�unty ��d it� citi�s Far husrness de��lnr�nient_ i,'4�� ly�ve �ener�t�d a�� dissemi�ti�,t€�d �iurt�er�us t��q�i��esses le�t�s tt�us far, h�ve ro�adua:tcd b�isii�e�s r�t�ntion �nd 2xpa��s�nn visits, ire�E�entl,y an�}�G•er bus3�aess dev��aprrtent c{uesti�ns o�EIE'i'31�C� ft`i)fTl []L1C 4Y�E}Slt� 8?7� F�"I2rfciES, CfEcliQf� r� T7t�LV ]4'��C}{{'tlf7� �a17'1l711tt�Q (�Ct{1�� to m:�rk�tittg aur �r�nimtanities antf ca�r�ty, worke�i #� I��tczin� � Sxtt�,ll Iiusinesc I}e�reln�ment Genr.�r [hrt�ugh .��:SU, and �oniin�e [u �rovicle suppQ�t [c� CI7� �ammur�iti�� d �usinesses �.vhom k��e �erue. Fcel fr�e tn cao[1 tn chat �s n��ny nkF��r pTQj�ects are undertiva}+ t}»t s��i]] ��•e�tiy i��r�etlt yauC [�n�m u rtity. 4Vith your ccraitis�lacd su�part. the �'�,rtn�rship Lvrll be better al�l� to �Srr�vide serw�iee in these s�r�as and t>ring a acrlid r�tur�n �n yonr iertr�stmertt. JFyou`d �ike a�aresentatir�n L�}= C�7C T'i��Rt't`ShLP T� �(j�t' city c�unci! we'�# b�e h�P�Y tc� do �o, Tharik yo�, GV� sinccrely ap��rrec�ate y�ur cansre�i#�t�nt tn su��orting ��n»�mic deve�a�rrtcnt P#��rts ira 1"Vr�i�C�t Lpunty�, [ laok f€�rw3rcl to� worl�i�g aviih ya� ir� ��}� 8! Sirac��•�ly, D►��n� Norkl�ageri. �xei-iatiue Uirecko�� i6�-477-3[186 c1rt3:�rlh.it*ci1L�.•u��i�lr#�ae`[crr�d-..�1?ai��,r'� Julie Chene Fr�om; 1ir� TH�r�� 5erlt: 7a�e�day, �#�Sril 3, �S}1$ 9'� ,4M To: Julie Cheney S�bj�tt: Wright Caunty E�on�rr��c aeveloprnent �'arEn�rship� �018 Annus� C3ue� Att�chmenRs: Item 5 Exh A-�C118 Wright �o E�or. bev. Partnersh'p p�es 5#aternent.pdf; W�EaP �D18 Invoice.pdf; EpA�, {�ppr-�rv�� of 201� W�EDP Annu�l G�es.ptif Hi Jr�li�, see WCE[3P 21]1$ inuniee �r�d suppr�irtin� rriat�eri�ls, Please �[5d� to: �13-4��0-d433�0 DC�NA�p �ALV��QA & A�S+��i,�i�� Ro�s��r�ll� Praf�ssianaf �Center - Suit� 6�� 22�� N. H�rri� ne Av�rrue f��sevfil�, Mt,] �5��3 (�6�1� 4�4-� 3�� Mr, .�im l�har�s Ec�n�mic D�Y�l�prn��t fUia�n�g�r �ity �f !U'ionticelfa �� ti+°v`a�lrrut Stre�t_ Suite I M�ntrC�l�o: Mf� 553�6� � {?U�ntity I)es�ri�tir�r� �nrolfrrrer�t in t�r�; Ui�+est 11ri�tr�a Ar�a �L77�partrrp�nt Head 2p�8 L�e�+�er£F�i� Growth �Gra�p (Six s�ssrt�r��, ,��nu�� hJov�rnber) 7hank �ou. lfour l�.C?_ N�rnb�r: Invorce �lumb�r,- fn�vo�ice i?ate: p-� ��-� M�r�t� 22, 2()18 �.1FiJt �rpC� ,4maur�t �3��: �� (�-+6'v1�-1'��' I'',r-�{� i�� r�4�.� ��J J� � � � �.l � ,u C� �� ,�-:lC t �14 � c] �t �� } G�;S�-#��, � � r�- � �� _ �t -t=t.a � �rc�r � � � �� -- �� RYOIJII�$ Julie Cheney From: Jim Thares Sent: Wednesday, April 4, 2018 10:00 AM To: Julie �heney Subject: RE: Salverda & Assoc. Inv# p-18Q5-8 $600.00 Julie, this is okay. Please code to: 213-46000-443300. From: Julie Cheney Sent: Tuesday, April 03, 2018 11:59 AM To: Jim Thares Subject: Salverda & Assoc. Inv# P-1805-8 $600.00 Jim Attached is Inv# P-1805-8 from Salverda & Assoc. Okay to pay $600.00? Please provide coding. Thanks, Julie Cheney Finance Assistant City of Monticello 763-271-3205 Julie.CheneyC�ci.monticello.mn.us AP@ci.monticel lo.mn.us +"�t� saf "�� I�� Emnil correspondence to and from the City of Monticello government offices is subject to the Minnesota Government Data Practices Act and may be disclosed to third pnrties. i ; '� i 0 z 0 4 � � � � O z � v � y a ..7 � C a .� n O c a > � O O � O O = O O O O O O � � O 'S o� f� � � a�i � � r�i m N N N t`7 ^ �O f� ^ --i O G O G � � � � � � � o � o N ^ N N ^ N ^ Y � 7 Y � 7 m N � N N � N �p T � 7 T � 7 � � O � O � G 2 a a � 40 40 0 p� a 5 a ci o a o 0 � � ll Q � � V� � „ V� V] � � O � O O c � y c � G � > °� x > �, � y U F- y y � S"i Q O � � C � � � W � o '� � :� � y � � � � Ci. 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Q �� I �I�E�TE� T3t� �Scicr�e rrru auild on_ Jim Tta�r�s CPty af A+lontieello S4� Wales�+t �t 5te 1 Montiee�IQ, MN 55362 Pin� Str�et PhasF I Envirun�r,�ntal Siie l�ss�essment 1C�� Pir�� treet a:�d iS2 West Ri+rer Street Menti��llo. MN ForPra#�es�ivnal5ervictsrender�rtitheough 3#3U{2Ui8 `, ��C�i�� _- � � __ � -�1�� k C Ihl"V+��C� PLEASE REM1T TD Brau�n ]n[ertec Corparatia� '�l W }644 P4 �4x 145-� 'V'Mnneap�dis. h�N ��4�5 TelephG+f*e t4�fi 4�� Lac� rax f95�'i 995 2�^?D T�:a;d. 41 `58�2�J5 �ate �l3; �a718 ]nvoice number 9:�499� Projes#]d 5:8{1�'�72? CustnmBr a[�4unt "•IGG99� Cu�lk4mer PO� Tct�l Pri:•jer.t Fee f�.Aith�ng��l Pe�ter7t C�srEpl�te aa ni 313[l{2C�18 �rna��t �ue t4 Jaxe Less F�r�uir;;;slv ?�vn�r�.-� Please p�y fr+�m this invoiee. Terms: mue on re[eipt. 1 11296 �ser mon#h after 3[l days, 1�96 annua I percentage r�te. Tatal Fees 52,93�.Of5 100 L�a pb 51.9UO �:�L� 5�:) 'ti W i �Oi1.110 Page 1 of 1 Julie Cheney From: Jim Thares Sent: Tuesday, April 17, 2018 11:13 AM To: Julie �heney Subject: RE: Braun Intertec Inv# B124992 $2,900.00 Julie, this one is okay to pay. Please code to: 213-46301-431990 From: Julie Cheney Sent: Thursday, April 12, 2018 3:52 PM To: Jim Thares Subject: Braun Intertec Inv# B124992 $2,900.00 Jim Attached is Inv# B124992 from Braun Intertec. Okay to pay $2,900.00? Please provide coding. Thanks, Julie Cheney Finance Assistant City of Monticello 763-271-3205 Julie.CheneyC�ci.monticello.mn.us AP@ci.monticel lo.mn.us +"�t� saf "�� I�� Emnil correspondence to and from the City of Monticello government offices is subject to the Minnesota Government Data Practices Act and may be disclosed to third pnrties. i � �� City �f �ulontir�alla A�Ln; 1N�yne �berg, Fir�anca Clirector 5{15 1NaInUI �ireet, Sufle 1 R+E4rltiCellC, MN 55362-8831 �01& �ce�n�mic d�eve6epm�r�t Servir:�s �iky Sta#� ��viewer -.fim fih�res �� Ae�i # �13.4�301.4a1990 Phas� �i(11 Monthly fRetainer F�� Tat�! Fee Perc�:n# Cc�m�wete �pecisl f�r�je�[s :� x�,:�::, . .� t ... .. .r., �e��l � ;i... ,_F. . ., I "f � ,=+i' . � �� ., N_• , Mafch 27, 2p7$ P'�ojaet Na: R-{f11121-0�1D Invrqlrn Mlr9- 7 � 2f71$ ��1(�mie �sevelopment 5erarice� B, 4�0.0� 1fi.6�EfiT Total E�med Pre�ri�us F�� Billirrg �urrent Fee �illing �: �_�:;. �� , _ - - To#�I Fee .„ ;. i�l�ass, Eric �f5l2U1� Busines5 p2rk si�n Me�ass, Eric 2�9d2U1� I�l�p u�dates MS2��, €nc 2I12#i�li� �1��s Maass, Eric �}� ��,� � R�sidentFal IQt ��+ailability m�p update Maass, Eri� 2J2�12b18 Prnp�rty Ma�ps Tatals Tot�l Lahor BiPJings to ��te Fee L�bor T�tals Carrhrner��; Hr)u rs .a4 1. �4 2_�1C� 2,04 2.5� �_50 fiatal th is Task Fia#e �� . i]0 94.0f� �4.0� 94_QQ 94.0� Jlrn ou n t 4 T_{10 141 _{}U 1 �8.�7� 189.Da 2.��.00 �ss.aa }oa,oa f7DQ.OQ 7�9.Qp Tot�l thi s Ta�k 5798.QD Tatal #hls Phase �9,499�00 �{ / 4 Ta#al this In�oica �1.d9�.�0 � � �� Currun# Privr T�tad 7C1�.00 7(i�.OU 1�4�[}.Ofl 799.0� 47�.Ufl 1,��3 p49 1,�99.D0 1,174.OD �,669.Q0 �''�'.f I:e";� t; I�vy��_, - . ..' o.=r�:5.:. �4��&i Jf�Yort�riqy, E'r,�,6y€:r � .,��F�en�'c�� Proj��# R�CI'f 1121-0DD MONT - 2D1t3 Ec�reamic C�ev�P��m�o�[ ServiGe In�roice � +4ppro�+ed by; — ��- � f�evi�wed by. Bret Weiss proj��k I�lsn�g$r J�mes �rtamt5�rg Page T City t�f h7r�nt�cella Attn: Wayn� {76erg, �inanca Director �05 1A+alnut �t�e9�, Suite i M�nticello, MN �53fi2-B831 � . 5' � .- a�.l�,+ ��.i' X�rral, ; i,--,r,_�i �...li: _'. R:ir• s.:.�i:; ',�iP�.rr�16��3i7d1dE0C] �Aar�N C7, 2€l18 Pr�}e�t fVp; It1V�rPCe fUc,' Reloeati❑n Assistance Refated lt� []�wr�tawn �e�aveiopment GL A�ct # �19.48801 _4�� 99a �fC�+ St�ff R��viawer - Jim Thares Pr+�fe� ' .��18 ta Fg ruary 2�. �Q� Hours R�te Ftali, Brent 7J11�U�8 1.Qd 97,00 M�pnlicellfl Truek �nd durnp�ter renkal ��srch and inqu�ry Roff, Erent 2l19�2D'1B 3.0Q 97_00 I�Y.�r r�view{pra�ect discr�ssionlN�#i�e ��f Eligibili�y Ralfi, �rerr# 2f2(J12{i1B �,�C1 91.�d hJD€ Updatesl�ertifi�d C)ffer LedterslPost {]�ce Rolf, Brer�# 2f21f24i� 2.pQ �7.�p0 Tra�k�ng S�re�dsheeV�roj�ct aiscu�si�r� Ralf, �r�nl 2r2212fi18 1.�)Q �7,�p(} P'rgject aiSCussicar�IRelacathan de�,mer�t rew�� F�olf, E3rent 2J2312[]1� 5.75 �7.Gd Trav�IJpocumen# R�vieuvlPr�perty site+�+alk and picturelrefocati�n rneeting F�olf, �eer�� 2126f241 S 2.�4 97.L�D R+elc�tian Pi�ture��Project t]�sc�ussion Ro�f, 8rent 2l2712p1 � .25 97.OQ �rojec# Discussior� f�dlf, P�nn.Y 211l�018 2_5� 1£�3.01] Pr�par�ad br�akd€�wn fc�r PA re: R� r��ldential �Ilp�tkvn �n� �el�cation benefits R�I�, I��nny 212I20i� .5Q 783.�� IRWA wpric -��nt pictures of C1�rt �rtid { as pre5enters Fi41f, F'�nnyr 21�'2�18 1,�Q 163,(}0 Res�&rch�ed N!L$ f�pr Min_ C.nmp. ,�n�ly�i� and �NS - e-maile dinf� #�y �ily Atty an�d EC1A �t�f� Rolf, F"enny 2f7'f7�1� .75 1�3,�� E-m�a�ls r�� P#� wlCity atiy �n�d Jim al EaA, �-mail re: tenant �ii1�. letk�rs F�nff, F�e�nny 2�61��1E 3.50 163.Q0 YVo-k�d �n Mir�. �c�mp., R$plac�meni Has�s�ng supplement, PA revie+,� and �-rs�,�dfs Ftc�lf, P�r�nY 219f2�18 3.75 163.00 ��SJi@ -�rep for rr�C�jq �-�ail and r„�Il w��im af �ily re: �P�4 neg#liatior�, revi�w PA and print �ut, drive pa�i CQmps, meet cas�rners and �ity rep_ - pre88nt PA �nd r��t sigr�aku►e�� ,�� m� Ralf, f'enny 21t2l��If�3 ,5a 16�,f�� Qasc�ss�ed wBrent the st�lu�,�f relor,,e�#iot� snd pr�:p w�ork needed for relo. �lig, let{ers �L1Ji�it�r31��,�.'r . .a�'�s_3�y Equa; O�r..r7umSy �mPloyer u w<�s�y ta�--. R-� l U9Fr6-I�O I] � �..�� `y�� '' �� , '��`'"�� , ' � S ,--x Amo�rnl � D 291,C}Cl �a�3.50 194,44 9�_U{� 557.7� 194.U0 2d.�5 407.5f] 91,�� 2'44 _ 5p 1 �2.2� 570,�U 511.25 87,5� �roj�ct R-D1Q965-i}C#0 h�iDNT -�d�lt��atior Assrstance R�dste� �ca Inv€�ice � Ftol�, Penny 2f14.�2Q18 ,�0 163.[]U 81,50 Cal I�riJim �ares re: Fr��lie PA� an�i t�enant 1isC ROIf, R�nny 2f� 5J�01$ .7� 163-D(J ��2,25 Ca11 wlFr�osli� �e; PA and tenant IJst, ��mail� ta� Jim at EDA re_ �A �takus, call v�lBren# �e: r�lo. elig. p�tters Ro�f, F'�nny 21161�i118 1.75 1�i3.40 �85.2� Pr��red templs[e af I�eGa Elig. LetL�;r - e-rn�iled �o Jim, call t�rlJim re: rel�lig., reques#� City Lerierijead ar�� room [�f general r�eetin�, sen# inf� r�� rneeiing �nd letters to Brenl, 5�nt ir�fq C�n tenants to Brent for file s�# up Ralf, Penny 2119f21�78 d5 1�3.OU� 12�D25 Re rtr�tian �ssiskance bnokl�t ►+�nprk, e�i�, fet�er work Rca�f, F�nny 2i�ar2o18 .75 �63.[]i� 1�2.25 Ft�view final dra1� �i r�lp elig, letter - discuss pra�Q�# �rl�rer�k, pr�*pare farm� fpr Frid�y'.s �'ri� Rolf. Penny 2J��12018 1.5Q 963_UO �d4.54 Ca I to tenants re: meeting pC� ��d3y and discuss gen�r�l relp ber�efits, disWuss mtg agenda w1€3ren1 R4hf, P�nny �p231�p1$ 5_40 1�3.{}p 8�5_t10 AAtg ti,ul #en�Ttfs �t MnnticelVa City H�II $nd #hen w�nk to t�ke pietur�5 af lhe renl�l sp�c�s �vith multiqle tenanl5, dr�'ve kime h�oth aavays, dau�nlo�ded pictures fr�m r�ntal spaces ��If, P�n�,y �r2fi12�i8 .�5 1��.bU �o.i� C7iscus�ed status oF meetirrg� wl�tenl F�olf, P�r�ny �+2�i12�18 1.25 1��.OU 2(13_75 R��riewed it�fo �n rel�at��n henefits, e-rrr�il and call to skaff Rnli, P�nny 2�2Tl2{118 .75 163.QD 1�2.25 C�II +�vd�ethany Frt�sMie -d�scuss ben�fi�ts rnf� wlstaff and �prk �an fil�s Ft41i, Penny �12$�018 ,25 i63_DD 4D.7� E-mail r�� reservin� r,�om at �it}f HaIJ T�ta�s 47. f]Q fi, 30$. Di] Tot�� Labor fi�308.00 �flling Limits T�tal �Ilir�gs Lin^it f'�emainin9 G�+mmenl�:. Curren# Prior i'[�-D�#e 6.3U8.�(} 2,5�'7.2� �,�98�_25 3a.76�.40 21,8€�2�75 Tot�l thls �nvt�ice SB,�OB.QO t� �PProwed by: -- Revie+wed bY; �r�l YVeiss Pr�jectMana�er: Penny Rc�lf Peg9 i hGrMhY��G� Se�urities. In� 154 So�,�th Fi�t.h Str€€t Sui�e 3300 hiinneag�li�, MN 55�02 T� S }� �`oice: =1a-a�i-s�oo I�a�: Sa2-�51��51. ;'?�i�C{ T4�: wirv of hl�nti�ell� � im: Th�res, Ec�+n De•:� N:�nac�er 5p5 walrut StreCC, �uite 1 MontiC�1�G, hSi,' S5362 1'1IIC�RTHI��►.�,T� SrCI�RITl�S Invoi�� lii�c��r:� '�uui7k�tr: 528� �Il�'{13�� c�iC: �,��6lla 13��c: i C°u�tc�r,�erf'() I'ti}�n��li'I"crn�s 5�lis Rcp IC� � D�ic aa�� T�x incremec_t l��i] *Set 3i] ❑a�rs 5%�,'1tt ---- ---- C}�:s�ri�3tica�l __ --- - ,�r��catirtit Far services relatea _�'L'a�. ln�garr:ent L�ist=iet i-��1 {H�ausin�). 1,21�.CD 1�1�3se see enyl�s�� etail. � Ch��: 1�c�. �II�iOi."i� �, 214 , 04 �ff��S �� T�+t�l I�t�4�i�e,�r��ut�t :��?=.�'o I'�ir i1i�s7� «�ceiti��i T�lT�il. ^,1,��61?-iial-:a':}l][1 � I;�IIF'n�i-4[1li-�f5l-itJ2d1 I F.,x#rZ2-t351-��:ii l�i� Sauth Fifkh Str�et. 5uite 33G0 �'�•finneapc�lo�. ht� 3�,1�J? � n rtli[a c�4l�t'u r i t�t��.: t;ui IM!"W,'IRJ�I'Y FrI��I{R 511W �II��^.. f{I'�15I�'TIYP ri�rff� $,�"�. and �k1.5RB I V�� Il� }�� I i..i I Y P J � J �Y .� I� l.P I L.F S�}gCi4l P� qj�� ts Grc� u p I�iV�I�E �L7P�LEMENT C�ient: Caty �: M��r�ti�:el�� Fr�je[k: Tax Incz+era°rent i}i5tric# 1-�� {Ht}usin��} Con#aCk: Jim Ihares Ec❑�,�m;r L7eve��ment'wlana�er Citv csE l�ic�t�ticello 50� L1��lnwt Skr�t 5uite i 4it�ntic�ll�,, 1�1�] 5�3�i� l3illin� Perind: �tarch 2I11�3 ServiCe� Per€ormed � L}l�tC1�47t� �s��S��s�t � Pre�s�re pr�lirrtsr�ar�.� estimates fur tax ir�rrements bas�c� on a�:plieation fnr ��sis�anc� • Att�n� rvr�rk shc�p w�ith �L]A �kafi T`irne Expe�+s�� Tert�l �`�is �eriod Pc�si ti on S�i�ibr I'r��esaiat�al TC�t�Y] Sk21E{ �'iilea�� Printin� C]ther Tntal Ex�nses Fsoject 5ua�ama�}r T°�,tal Su�get Billed �Ihis Peei�d Eiillesi F'revi�us Bu��et Remainir�g Hn�sr� �_7=� O_£ � Rate Billable $1�#C} '�lf2l.�.{�U �# .7�iFL.1J.L11' $#,215.a0 � 8.B20.Q� ($1,�1 a.0�1) 5U.[lU � i,60;,QU Itlorthland Sceuriki�s, Inc. Page 2{}f 2 Julie Cheney From: Jim Thares Sent: Tuesday, April 17, 2018 11:10 AM To: Julie �heney Subject: RE: Northland Securities Inv# 5280 $1,215.00 Hi Julie, this is okay to pay. Please code to: 213-46301-431990 From: Julie Cheney Sent: Thursday, April 12, 2018 3:43 PM To: Jim Thares Subject: Northland Securities Inv# 5280 $1,215.00 Jim Attached is Inv# 5280 from Northland Securities. Okay to pay $1,215.00? Please provide coding. Thanks, Julie Chene� Finance Assistant City of Monticello 763-271-3205 Julie.Cheney@ci.monticello.mn.us AP@ci.monticel lo.mn.us �� o��ti�c��l� Emnil correspondence to nnd from the City of Monticello government offices is subject to the Minnesota Government Dutu Practices Act und may be disclosed to third parties. i 32 74 68 41 26 DO # i.� r. �� .** o, RC�BERT]. HIfYALe1 ap y �Q�� lalu •-, i„ T�4��:1�a}�:�I��Gr i%� r q'IC�'ffli I#'I' L'l7l N I'4'r11�L11'I'iYltfl'1lLM1�.SUREH x * It1S1[i1MS7SdRf.fTN.4V�.RC7C1,41.3U +�,a,i� u� �^a ANp C.LRSSIFdCATION srRa df �.4'oe' d o i{1i111f[I.hiN�Sili-119i .-�Ir�. TatasP ahkYear: 2419 2ele �' �v L=s�-n u«J nv.ra:il'zlu�� .. U�.IW 0.{Ki ��m ?Bi�bSt��S?Lur?fi.3-{�8�'-.'S8ti I. llem�neicadl�.�cluxi�m� www.en.wri�hc_uo�a.ns TsxableM.,.k�° J:I,�e: '-�cu� Impio�a:ma:ix LxP�rEa F��wk�a�,. PrvpertgClakiti�aci�m� Ii�t;MPT IiCLMP7 � Prap�rty 1� #: R155-f13(]-p¢7p1 Q Tazpayar 117 Plvmber 248203 CiT1F f7E MC3NTIGELL�O EiIA 9`„A!P 5575 WALNLIT S�T aTE 9 M4NTIGCLL9 M11M 5535Z•$8�7 u�briilllil��,.r�t,l�Ihll�Il�ir��p�y �,i�,p�i�p,�,i,iiP� —`� �`-'I�� PR�P{]SE�TWf.s,�nrixA`v�eiirrY+rY 7 Pmpnscdrez. 46B4i nao - , PRUPERT'f TAX STqTEMENT - Fir�c-halfTaxex� i2G.69 • � Seeand-helFPexcx. 52b.GR T�tnf Taaes :fhie m 21] I N� I,� f�,}F EZEI�Uh¢US' � � � f��,r rr,.ir,'. �ar�•,P>!� r.,r,.,�. ��, . �� .,��. �. �., r:.r�:. , ..,�, , �ri •.,r I� YruReetv T�r rna�s rnyunic t��d�_ au�� xnoA � titafc•mrnt � �'��h�sarnwm.xiFomeM7pR+n�rrrilya�orcch�ihlcr��non,ssrcaac�ca«nr d - Frle 6y Augusi L3. li �F�s ho�x is checkrd, y�� w� Je1�T�41tT11LLSY�SM� N�x vk FI ��blt. : L%sc`hese�naun�..�nfuemMiPRrosu�.i��a�„-:r,eedig�h'efafas�:�.�l.efurvd Praprrq� Address: v�� _ �uiuizranownx� a ir�„r�r��eny�a��t�r'„n��: MnNTIC.F.LLt; h{Iti 557n� �,�j J. Crcclits �ai rcd�ec v�nir pm�eny ures � .�. Agnculaur�l enJ nua! IerJ Yed�v �rppcyl+�6rsedpdno� � Fi s)ehar�redi¢e SELT-I11'S4F�-131RAM1OE-0SSIR1t�IM1AL � S.i`roprn}'la:csaftercredf�r E.flp m_no pLni kfph7fC�E1L[7 LOT3 1�,3,6k5ISa.1;11 � �p�Ylul:iasnsmeot BpeaFduan: A.R1inf11ZTP ]'_SII-CI 1!141.3" � n C.aimt v 00 7. Gry m Aswn [[:17Y C7f MONTfCEl_I_C]} � N. ti�,i�� i��.c�al Tax � �, 4. ti�L�,al i7:s.ric7 [UHk21 x A. 4'nur epryr�s...d Ie,�=cs $. OVFtCf �iY'nl levf2R � L{7..'a�w�.�:al T�IYm6 ➢151SI113 � l I. Y��n-se�hunl s�mrr apyrc�M � rcP re�da Is+�ic� �x.'Pu9ul propeny tai [re{nre. �pecinl axseeemeo[c a s.lpeclol Asenrm�ms on 1'rur PrniSrH!�. Sce LeP Spen,l P,nsessmcnls Tntals ani�sm� ia�.�� lor 13na�kcl�w� o{ $p.. •.al hsux.mrn , rn�� si cna n� IA_ 1"CJ U R T{JTA L P HU P�'AT}' ��Y A N Il SP�[: iql, +�55ES5 M1tI: NTti m.aa o_nc �.usse.rA ],G33.37 I.�i9,69 I,a5�.37 PAYAB�L� 2U1$ �n� HALF PAYM€hIT STU6 I�F�SLIiE�lUi�iO4�•:OfT:+�STATLYAC1TfORIM1IPfriT4NT.,NR]NMAPI{�H fiq AYQID FE�+IkLTY 4�,a,Y QN DR 6EF(]RE: DCTOBER 75, 2p1 � PYDRB�kj+ IQ NUr1'tR]Ci; R155-0�4-aG7d�p Tolai Propeiry Tax far 2p78 $1,tl�3.37 6ill Alumber. 2a�h9 Znd Half Tax Amount 5526.fi8 I� NUFIIb@P: 2382a3 pQ��{y 2nd Half Total Ameunt Due � CITv D� U[�AITIC�LLO EDA °�aR,`P 5fl5 WALNUT ST STE 1 MpN71GEtLa MN 55362�l83T RA�'AK€ CNE�lCS PA Y�iBIE & MWt Tp: OHF•.Rl'I. f{1�.f4�.��.�. � .� R'IIli1HTG{)l.�titl� 8f'UR[1WTRFAtiIIRI�k I Q$IiCOti U t7RF:k:i V.R'. Rql)M t q(I� B�r•h�:+��.�:t..rf!i ro,313-� �n, Q I� If your address has chanyed plc;�:-c c.r��:;b. inr-. �ox and show �h� rh�ng� On 4he� b�Cx. til '11+� s1uL� t PAYABLE 2a�8 1S° HA�F PAYMENT STU6 rL�A9E17C.lCi.��J.�'.n.fifl��i ,':�IFl.i�YliFS1F:14+�I.:�IYFliI�1Ff_.�i�1h-..:i1. Tfi AVdf� pEf+6ALT1' PAY pH QR BEF�RE: MAY 15, �p78 I F'rU�erty ap Number= Ra,s:o�a�o5tti+n Fotal Pr�perty Tax far2�19 $1,453.37 �rr E3iEl NumtPer: ��ass 1st Half Tax q�Punk $526.69 �rg^. � f[] hlum6er. 2a82D3 Renz�ry c�x ��ka' eirv nF nnc�wTice��o eaa 5 5 WALfdIiT ST 5TE i MONTIC�LLD MN 55382-$S31 � YF±! 1siHalfTaWlAmountOue _ �r�i. h9AICE CNfGKS PAYABLE& �hrfAJ� T[?: � �� R{lFll;k'T'J. H1R�AI�� x,z uwcaRrrnic�v.auo�7ux�r�..ri�ei� � -�� u u�vn ti-r��a y �v. �ttxm� � x+ A du€�.un,MN;Ssis-ii�A C] �z � �� -- I it your address ha� �hanr�� ri ,:,-:a , heck. C,:s L�::x z� afld show thp �chang�e on the UaLk trf llii� sluh. �4, _.,._,:,.�,»�.,�.,,�,v .�..,..��,.�-..,.,..�...,.,,�,,,,,,,,,,,,;,,�,�.,.<�,.,,.�,,,..;, r '?RI � 32 74 b8 41 66 00 �f�i:�=]+��.�'.11,l.1.�-iiY� �� ,.,+� Ri]SERT J� HIIw'A1,�1 L�` g ��% '4�31r,e�, fur P=t.,r�� P�E��bin en o�E W'ftl[ .II�I i,Uli� fY AL'1711'f}RI'1'Iii:litil:lt£R ; Sff tifC []'Lf.P S13t51-:1' \.114', Rl�QM1 .30 �.a�+�Es nruo e�assiFicq'riara s�,�+�1r��a-rrr- i��o tiLitFALC?.,LiN i53! i-119d '��. �� Taxea Pa a6ie Year: T.017 7Q1B 3 � F� J 1ryrLn l�vliie' I?h' l ,� '(�; { S. "i.?2 �r?G.3-GSi�'SB-i � 1 . ui i�r�,,no u•ww,c<i,wri �hLmn.ut ��qi�sicad lia�lux�i�m� �, Tixa5lc�Msrkci';:.I��•� 7?f,'1fNi ixp,^np nS �Y �fRQf@4CI:i�^.liz: ExpirM Etclmi�n.: Pmp rcty Ciaswifeaiicri ftl':ti R'F f aII RI�:S FiNpl bpT I Property B�7#; R155-171-600�fi¢ Taxpayer !D Number; 24824] GIT't' OF MQNTiCELLC} E�FI °U�4fP 565 WALNUT Si STE 7 MQhJTICELLQ hiN 55362-fiJf}3t ii�lir,iillPl�i.��i��al�I�df�Il�ii..��p��q��i.i,Ed ��I�• FROP08E6TAX &�arrR.v��,Y•.��nr� �� Pro rsl Tax� 469G1 �" 1.�70.tw 7'. �,.: �. � PR4PERTY' TA3( STATEMENT -�� F�rAi-luli7'anes: ga5r�p - Second-1ralfTaau: 11i5.rn Twal 1'a..e� i]ur in:618: ].L7C•.�U REFl,�175? �1 � �! ]rrr,rrr:�rb, ,h;rrr,r< r��r �,+�� „� , ��+� r+r„ �rx;�i:i. r„r��i�nr irJ�r� �t.�r�r,,�rr,r�. r' . � 1 I+ue. l�.�pnulr { rur: ±017 I918 � � CU�]fl'iV � ii► � 5[hiclnL'nl ��°��'��'+insunFimnihlll'H�in,rciTyauurcdcgihlrForahumenwfcrcdnaTun�. k"Je 6x AuEu.cl I 5. li d��, I.�.. �. che.lrsi„vuu uwe Jet�:�y�rr� izx�� nnd �nc n�x cligihle. - ' '. Uu [hese aine�uni.� un fnrm 4TI FR �n set if •�•a�� zGg,hk !vr a sQcciol wfwr.L Properlt Addrns: � - rrr�perry iicsePolAloM: ti]�:C3-I � Tw�p- I Y l ItAKtii LA7�5 [_iTTER TT CitECI: CRil55fN[i Iy1nNl1'CEL 11.Z� ni� 4*LTLOT F Sp�lg6 Asmamemt �rmLdnwn C R � r c v � a .� � � � � � n 0 a` i Yw,� p.�,�en)' eaxw brFore crnl�u .1. L'm�rt. ihai m]u.e yu¢r prtiprrig usec h. RAenculnunl ard rural lenu vedns E7 Q[IocrCrcdi�x S, Proprrty toaec nftcr trrCdflb F C�umry ?.C�iryorTnHn fCCTS'CNn1uN7ItiLLLO1 8. SioreGsixral fax 4. S�h��llhunci {GX821� h �'oGerappraxcdlc..ex R Ud�tt lucal9ev��. lU. S��ec�al'f axinM Ynxinc�s .4. M(74'17 hIR� i i. �.��-.�n„ui , mcr a:pproi�ti rcseRman its�it. IS. Tn4af hraperYp 1aa treFnre speekal sa�zamrnl�r 3. Spreid Assrssmenls an 1`opt Sperial ,�1ssc�smcnrs Tutilx e li Fnr Rre.�kdann �F S�ul Avs�vsmrn;s I.R9EOR 1:G7�}{]0 1�87ti.8a l,d7p,pp G28.24 631.Y'�] S:S.SS i1215 ?3A.4U 3fi7 ia IG_�R �.695-U@ 291.OR IEi ai t3.33 1,h7B_Il�p iA.4'CiIIR'l'LI'I'AL YH#3PF.RT4'l'Ax hNDtiPF.C:']AI, M,.�C$ESSMI:JV'1�S 1.694.90 I.fi7pAD PAYAB�E �Q78 2"d HALF PAYMENT ST�16 F�.�;�ti�,s�,,., ..,,�:,... ,�.�.,.�� -,.�,�� _:,,.��-�,,,: TO AV016 P�MALTY PAY ON OR E3EFURE� QCTDBER 15, 2q1$ Pr4perEy I� Nurnber. R155-i ��-ppp�aa tn�ai PraFerty Tax ro.2n7a $9,fila.pp Sill Numbe�: G7753 2nd Hxlf Tax Amvur,t 3B$S.W ID Num6er: zaAzp3 venatty 2nd Haff Teeal Anount0ue � CITY OF M6NTI��LLO EdA �o�f 5a5 WPLNUT ST S"IE 1 MONTICE�I�Q MN 55362-8831 MAKE CNECKS PAYqBCE & MAIL TdJ: Rf IFSI:R7� j. I IIf4:�1� � 1��RI[�1R C[11�tiT .411b1'fVL7HE4.SL]tF.R 19 tiFA;(14f7$TfU:L•'1'ti.14". IXH1�1f 2�i ENIEFhI.{7,7e1Yi;11;-119�1 �' I �{ yaur addr�ss has changed pfease check th�s L�o�. and sh�w the ch�ng� on lhe pack �si fhis atub a PAYABLE 2�}18 i51 HA�F PAYM'EMT ST�.16 pLEA5ER�AiYTHE9ACM.OFiHCSTA7E4pEMTfaG11APpRidAbilNF(]Rf.tAllwi T4 AV41U PENALTY hAY O!J QR 8EF4RE: MA.Y 15, 20�8 � PropertylbNumper:R�ss•i7i-uaoorYo TntslF`r4pertyTaxlqr2018 $1.�7p.p0 s._e.'�+'i �� B�ll Mumber: ��7ss '1st Half Tax #meunt $635.p{7 '1'�'� ID Numher: za&2o3 F�AAity � ;x � GiTS' OF MbNTiCEk l� EOA a'�P1P 5{15 WALNLJT ST ST� 1 MC7NTICELLQ MN 5�362-683T — o.,.n Ast Half Tatal Amaunt 6ue _ ��.i�i � �� M�IKFCFffCfCSPAYABLf&,MAtI. FD: `=r ac:r�sr.K'r�. �tm',ti_t �—� ,� y � FY'R[[�iff fti[71h' Alepf[(] W[R,7_SV;kl�.li .� �r I II tiF.f:Ilt'il iTkF.ET Y.R'. NUi961 � 3[I lil'FFALi7. NR 5i3Li I L'ys C�7 i� �R I If y�ur addreSS ha5 Ch2ng�d pIv�SO C'icGn if�ii� ��•x hy� and show the chanye on �he ba�:x nf u}��r; r,sur�. z f ^�_ _ � : : ,..,�., ..�:�,-, . ..,. �,, . � , .. , , , - , ,.��.�,.: �'rw s `F 32 74 68 4L L6 0❑ ��,,�,-.�� Rag��T�.�irr��ai.� s Wle[f,Hl [S1L�NIV',4lllYfl'silll"L'Fl1:A�SURi:Ii n 'x 11} il C-.CT\Il 5'7 RI I'T N.V6'. R41[YM 230 �� o fSLI}'fq�fl, h1\ 55iS.3-1 lya *res a 7tt3-�G8E-75r?ar7G.3-W1?-"%5&�i nva�ar.ro_u�rig Ir r.nt n.us �� Praperiy ID#: R�55-014-43GD90 � TaxpayerkD humt�r:2A8203 GITY 4F MONTMCElL4 E6A �"`�P 46941 Sli5 WALNUF ST STE 1 hf4NTdCE LL� M N 55362-$ti i 1 ueln•n��Ir�i�oaiPl"I�P�Il�llui.��i,� „i�,�iq�a,�,i,iibi �' _ Praper�y .1d�resi: � 4 � . i. �� :1 .� � -�,. 201T � � � ''. .- WAil1ESAfvpCLA551FICATION s,•,P,.�dc,»-d;q1- � T�as Paya6le Year. 26T7 2D99 L',.in�liJii�rkal�'.Jue- aq.q�Yl 3.t.a[lu F i.,n,�,w�� r ., iv,�„�� EuaL+lrhfarkc!':�Ine: 3a,a[NI ]a,;CHI "!.•,.� 1��,�� ::ia. Fxpircd fi>rl�vie��:� Property[�I;�„�i:�:,is:on: C![tMA1 COMAt enm.,.ra ran� P'�OPOSEd7 TAX Srr�v �n N,��a�.1a�x {�R€}RERTS" TJ1�( S�TATEA�1EM1iT F.rzi�hslTTuxcs� s�d-n�r r�e,. TMod T¢nes mue in Zil1k r�u nil 3ni.vu ?a�.mn Fd7'_ IXI fiE?I�� M1 �l4° ��'.p ]r.a rr+��i h rl�s�+l,fe A++ ��ri� + �•r� r�� rru;�l� r, r:n r i� �,r �>rn1,, �r, :�r� I�iSl�ll.'1'I1� I;I� Iriti I v��il 9� YC' ?If�? �IIIS � ti1:+IL'Illl'lll << °'I �. �nni MIPRi��secifr.w.o��iqk�3efnr�hnrncsicad rdnrcf d.. f�lebyhugual5.11d�islw i- �.I..�lr�,y,aneedef quent�u«anJ �� ,reL�ih7e � .. Lke �hrK vsinwris nn 1�inn A91Pk m sce cf 3 as ue elige��r ior u yiecml rcnmsl Rnperlr� D�+.criptfno: Sf:['f.l I TW�P-1?I RAI4GFA'_Si�RJIIINhI. PL:IT h'OVT[[�F:I.Lt3 L.{}j�-1MN� Fl1.(1C�K�136TH PRT C]F L7 9 11E.&lh Ly VW'LY (1E� I.V @jlN.N FAIL�V.`Ri.?flFT NW L4' FR � COh1MCl1 LT LIC HF7" 1:151L,�u Special Aosnsmt�e Hhi.�.dnrvn: G � r 4� Y 9 � a m S. i a 3. 4�a�ur pmp.�rry n e�n h(nm crcilicr a f'rcdnc rhsl mJuce yaw prepciy �uas A. A�rxuliuml m�i n¢a IanJ tiedi,s P inhmCrediis ;. Prppeffy t�srs uYicr crcdilf 0 Cu°�;try ^. Crtr +N'Rawn fL'fT4' 4Fbit7h7fCELLf1} K. SFn�r Gcneral 7os y Schuc�l4istrin f�ri62V h �'cHe: appmecd lerin li. [3rher lni�a�l Iek�ieA N. Spttial Taxing Chzinc� .4 k10!VT] HRA 5.4 v�-�honl,�uwrappr..u.cSreS�a�� I�Y,cs 1x.'ire��l prupsrt�� [as 6riore speci�l agsn�mrnla !-�p��y� ��+aexxmrnlaon Vour MroperCy Src LeR far 9reaEdou�n uP S�eo:i] hssessrnems SryLl:fal i.�5�507Cr1;3 14�1J[f ?7ai10 W72.Pp 77JA4 ti112.V0 ��.� � 171.17 23fi 34 7b.J I su.a� 5 2d 77�.06 ?Ob.4& ]l�..R� � I y9 �a a� Sj{� 79 i.65 aoz.no ia.Y•ousrror.as.racaP�r.Ki�rnx.t:aasr�:�ini..�ssr_ss:�tEm's v�a.wr aaz,uo- PAYABLE 2�i 8 2"b WALF PAYMENT STUB �LC.R3CAfA3iHC CN.GN CFT41F STAYEFAC�dT i'�iq F.�Pi'iq'!.�,I i4=� �GY,Y+.I �,:. TDAVQI� PENALT"f PAY�DN Oftl3EFORE: OCTUBER 75, 2U�8 Prryp@�{y tlD Num6er: Riss-nin-taasos� Tol�l PropertyTat i€tr?018 SG-02.00 {41P#: F2155-OSD-�0360&0 Znd Half Tax Amp�unt S3{51.00 Bift Num�r. 2ae8� Penally ID NUfTYli2C 2-082ti3 2nd Half Total Amaunt 6�e � C17Y aF M4fVT�'GELLD EDA 5vA1P `a45 INA�LNUT ST STE 1 MCTNTICE�L� AAf� 553fi2-8931 MAKE CHECKS PAYA6L� & +1RrAfL T4: H��Hr•.R�-�. Frrru�u.,� � R'Rli�l3i fAl'itill' .5L UfCt7EVf:RF�l51'�HF.H ]6tiECilnUSfR€.fTti.W'.ifWlNFii7 ❑ IS[}F,iLtT„H155i1i�11'7-i � L; II yQur address has ehan•�ed please cheek ihis bax and show khe chang� on 1he bzG� e� lh+5 Sluti, . �,.��.,.�i....�,..�v.,�..i..i .��,..,�.�i-..,.,,.....�.�i„...�-..,.��.�.,.,�.�r.n_,.n H�{p.$E. REAO iNE BAGN GF THC STATEMENT Fdp IMP6f1iRNT IIJF7Rft121 ry�1 PAYABLE �018 151 HAZF PAYMENT �TIIB TQ kliOlil PE!MA�TY €*AY 4N flR BEFOR�: MA'� 15, 2ti76 � �'rdj7�rfy ID NumE}er f�1a5-oi G�-475o9a p4lar Proparly Tax fnr 2618 S�O�.Ov �r�r MR#: Ri55-01p-p36U3C] is[ FCaIPTax Amount $3pl.qq Sry ,�s Bill Numkrer: zosa7 pena4v — t'Gx �rM I q►Uumiser: 2as2q3 1st Hali Total Amaunt �ue �x� � CITY QF M�hlTICEL_O E�A d19�11p 5fl5 WkLtJUT ST $TE 1 MC}NTICELLp MN 55362-8831 �.T_ . H�A10E CilECF[S P.4YAELE & MAlL T0: ��c �Uu�uTJ. iirnF,al.n �� n'Et1Gld7u,�:xn��ti[nrr[�Rrnte.�s�;u�:R � ��rr.0 ]d SF.fd75�1$I'Hf:f;i M1.[V'. RIXlSi 7ifi aLiFaL0,.4itiS5Sli-I]?Y Q -y'� �y � IP yp�,r 2ddr�ss has ChangBd please t;f'�ei:k th�s �nx and shaw the change on [he b3ck of thi ; sltab ?� �� i..�..:��:r,�.�.�..,i„:i.,„��r,:.:,��.,.�� .................�:�.,��...��..,.�:�„-�,..r.,,,.........,: r un � 32 74 68 �1 36 00 �f�f:t-�f,,lj-l��[-�01� �� ,.,.4, R��x�i�1- �iivn�.� �i ' o'� g C�17 L. I��ts ir�r 7� t-+ i'��F�,�hle ir� o° �-y� 'll�'iiILH'I't.flll� Il ;IL!lil']'{}1i1'17i�.1itiL'It£li j f41 Sff [].11ft S �Ri fl' \.114', R.iFlJh1 :3d Vq�,VES RNQ CL4SSI�WGn79pM s��,r.a�,��a *�r� s� c kii l�F �kLC>, MM 75.11 i-1 I�}d .• Taxcs Payah9e Ysar. M17 ^.Q1B '�' �" - �.,. n� �•�d Gr .kn ��n3�e. ir,BAUU In7.LU0 +snd '4i (i8:�.'S?2 uc ;Si3-{�SL-758�a1 2 u�wlv:em.w•ri ht_mn.us - li.inmsiendi�Erlosion: �' Ta.:�l�l�h7:rkctVulue: ICi�,d6h �p?,{�prj 4rx�� [m7xuvcmn�s: P-:xpi�reJ l;x �qusions: Pnya�ny C3ascifioa[i+�n. R€g ti�f I hSi R&-5 I:Ff hll I Pr�pg�#y f0#: R1S5-6si]-6671�4 �I Tazpayerl0 Nurnher:2482.Q3 CITY C7F MQNTICELL4 E�R �g 4fiB47 505 WAL�IiJT ST STE 3 MQNTICELLQ MN 55�ti2-6039 iGol�r�yll��e•�yr�l�I�i�I�Ifnr.,,IpFi��u�ljyli�i�i.�ifei � �RaPo�Eorax.,�,,,,R,ti•,,.�..��.=�F+- ; � Fm�+cd Tat'. t JI$.ilU PRaPERTY TA7C STk7EFRENT � fi�a�-holfTazes: ?iS4iNf - s,�� h�irr�Gs: r�vnm Tafal 7nsn� D,�r'o. 2n1 A� i,a I! nn E21:F� � I}�i,� � y� �}�,ar �i�:rr l,� r��;�1ia�� ',,r �,i�� , i �,r r,i �. ;�,n:i. rri r� :lv�, „u� , , rii �.:i�. ` * I'1��it��-11 �E�311[ l�us+,vl=nx��i.d�lrl�rn�: E�I7 2111R � �•� '+taile.�lll��I1Y 111r•slh�somnum�iFuNntilPR�rn�riFwouwrcrl�gihlrtnrx�fn�meslradcrid�nn�fun�. - �- -- Fi€e hy hugu�i I S. [[ iFac h�+n is e5e�l.r� yuu uwe Jelin:�yi�q 7pC� �d Ats 1�Ge eliglhle. -- -- � �. {.isx �hnr snmunex nn ]�ium A91 PR fn seiF 3f _rv,. �� e6Fibk Fur u�cciol ecfwwf Properq� hddrnt- '� ?5'S8R[],4e]W,VYI� � S Y.��pr.upertytares6efamc�o�dnn l,.S9.1.[I(1 1.�118.fJfJ RTUM7�CLLLO iS51 35 4h'_ Ly S. {-R�EICS kIllf RSIV:C V�ll! �]flf�e'.IP+f Ppa{9 a A. AgnL'uilwLl llnd Wql lpnd a[dlis iTaprel} Descrlptunn: � S. Cnh�r Cr�xditx SE€�I� I I 1�1YP-I'.i Pu4lvGE-0� GRI{�IPti4.E. � 5. Peo-prr[y G�6rs oftcrcreWlls I,Wd.B� I,dfR_dm PU1T ti9Ca.'.iTlCELL+J ~ [.]'I�Me7H vRT4iPALkiSTLS` �1WLV [7�' I.M1PRN�M1 SIYLi� F]CI'I�iIK � ��:n1lnry ili.4�i 53f SR NEC1' LM1 t 13� 6T: ClLK B Lt]R'ER h4ilA7'[S?PT KWLY�P.�iSTE�Y_Olt � ' Cii+� ur�Bn�n iCiTYQF'.[t7�TIC'k:LLl1f 4-17.8_' -07�.tikS QF SU LT? 'f'S] Tn PTON �EL4' LY OF .y N 1ia�c Gc��-raf Td� FYktt�I�K'fi5'tiT4F:{f]:vTi};Ff 4 a�hrn1T}i�tnct �OdF2j � h. 4`userr �pµ.�,:�� Iz. ��.r � E� Q�ir lucal I�ri�.. ] rl. 5p¢cial �]�at�na [1is[rutf � R h4fY11T� IIiLA SpecislAsaresmenl6reakda++n; � yy.h,�..,�n:Frirourapprurcdreh-ni.utaievocz n ]P.'PuGI proper[v lai 3efore r�ir.ci�i aserasmentl Id. tipecful .lxaesss��rpts no 5n:�is1� AyKc:smcnls Teuls r=�� Scr Lrft fw B�.sa►Jo.u�n nfC�enl hs:essn�en�s °1�,bi �[N 73 ?:�?.87 _27.10 lJ.7fY 1a 7� �.JAJ.90 I,JIlLOq ia. r'nz:kTpTAL PRG�+�'.u�rr rnx �yA SPE�CInL .��St4517F.h�'S Y.�S94.au I..�i8.0U P�IMLIBLE 2018 2�d HArL� RI�YMEhIT STl9B FLCM1oLGEA�+IIEMCkO��FIFc,T+4�FIAFHTFOaIPdFtIF'5},�i.�:.•,fiPAal�l:+. TD AYOIO RERtALTY RAY ql� pR BEFDRE: C1CTO��R 15, ?0'9 S Pf43RE�ftj1 I� NUTiFb@f: ft155��]1{}-05T'.U;] Tof31 Prn�7�fty Tart d6f'�[F1�8 �1,d98_pQ ,"Q[7 NOT PAY,. Bill Number: 2tr9oi YOWR T�a?(ES HAVE Znd HaR17au Amount $7C19_QO IQ hlillrll3Ei' Z482Q3 6EEN SENT TCY YqUR penal! Es�Row �eE�r v SFfEfiSl1RNE STATE BAMF( ?nd Fialf Tqtai Amount �ue riTV p= Mf]h1TICELL[� EDA °mA1P 505 1NALNlJT ST $TE 1 MQNTIGELLQ hAN 553G2-&B31 MA!{f CHECKS PAYAfiLE & A7�UL T�7: RUlil RI ! FIII'�'nt.n � A6HIGlITUUl Il'Y �V[]lIT[ii11'IiF,�LSI�kI�! ]G5l:S.f1'Vl1rI'RF.[-Tti1F &[NJy?30 6[7F:5C(1.itY5�5i�5�11`l�l � , J If your address has chanyed ple�s� �heck ihis d�ax and Shgw the%hang2 an the b3ck Of lh+s s1uh, r��A�167�G LV {Q 1Sl HAZF PAYMEf�CT STl?P, J"��,F„F�iIIYI:H+l��_R�_iF IFI__,�,ki[itlfp.lTF1]�My1COP.iAHTINFfJF:Mc7�;!�. TO AVDI6 PENALf'1� PAY DiY OR BEF[)RE: MAY �5, 2[}18 � Property P� Numb�r: R�ss•atoa�sriaa ToEaf Property fiax ic�r2i118 51,a18.414 �m "p[J NCJT PAY" j� BIII Num$Bf: Z179Q1 YOUR TA5(ES HqWE tst F3alF Tax Amaunt $7q9.04 ^^r'� �� I Ci NU �I'1 b�f; 2482Q3 B EE N SEN7 7P V OLl R Pena Ity V�.�2 ESC R O W AC� �.ry7 ��*+ SHERBIJRNE$7ATEBANK t6t►ialfTatalAmpufttLiue �� s CITV {3F MOMiTICELLt� EbA 94AIP SU5 WALMLIT ST STE 1 h�tiOhJTICELLO MN 55382-8831 r' T � ff NIAICE CHFCxs PAYAB[E � �AIt rp: .�o H[7SfRT',j. flil4'ALA � �Z� w a��,rrt �cx�k-rr:unrn�anua;u�xcu � �� T= 10 SF.C{7\LP S7HIiL7 ti 14. RO[7M 2:j11 � J� uiFr u.o. niv s�s o 3-i i s+a �II ynur aridress h�s change� please check this Gox ��',� —" and sYresw'th� char�ge 6n 1he 6ack d! lh�s sYuh. '�,"�,' ;-'�� •e.�...��.:.�.�.:��....e,..,.�-��:,.,:.,��,.�-,.:,-.,:,.�::,.,. �,.....�.:e...ona��xv....„,,.i�:�..�.,, r �7R^ tY �* r o„ R�L7BERT J. 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I 11 lu4A Tu7Al ppopgpiYTAx Aqq si�CUU, Ay4E38MEHT9 10.�9�b0 9.N0 OP : _' �'______—__—_- _ PAYABLE �618 2NQ HALF P,4YAAENT 5TU6 :`-�.".E� ,,.`g"- "�.'fi-`:"„° "`"„," "�`�'�"'"�"•� iQaVOIUPENRI'fyPA'+D�+ORBk�OkE� bC199E�+ss.zn7a tO�alFr�psMyTS[bf20�8 59.940.�0 P�qp9�(yiON�RIbR� 4',i-vliJ-�'i('��J 7ntlHallTaxAmounl L19A5fA 5�. _C �IIII4yl�n�lVr' !!tl23 I'BfldRy - IpWqmi4vl' 2•vtby 3ntlHdilTMilAmoM[�418 ^��y U�'i kl!i51I1dA52111 MAICECMEGISSPAYABt€8MAlL70: Roborl J Hir.�al� p �: _ �Nfr;]fil [.9uFlly kWJILdYil�P85u�2f e nn�a $=.iy .t N li• . Annn 3.'k�1 d�f!eb.R1M55353�15g4 � u.r�aressruschriptlpeasernacAMi�hoxan0 ~� h11CNREi 8 icP.TN LEE N A FROSJ E ❑.hrwm: �n��g.� in. c�: arrn: �..b 7 p9 p:NE ST MONT�eE�_LO �1�1 553@2-85i 1 .... , � .,.�.. -, �.,�Ya.-, .M.�.a.��.+.�m...P��..mw.b P�4YABLE 2fl18 15T HALF PAYMENT 5TU T� AVOIO PENALTY FAV �t� OR BEFOAE. MAY i 5� 261! Prcpxrty E� Nuvnher. R! 55 =9•1� �]9110 6ill MumOef: 20623 I�NumGv�: Z�763 hlRa k13�p10.0921tL MICHAEL & HATHLEEN A FRCSL:.E 103 PINE $� hd0�1TICE.lLO MN 55382-8577 B.�-...�.�..�.� ..�..-...� .. �.eMeu..c«�wualsy.��r�aqw.an TrAalP�apertyT.lx$r�(119 59.69600 is114atl i,ax 4mount Si.90.5 �Q }� . ri'..illy �� 1xtMatl7axAmo ntoue �`�m .�� MAF(F CNfCJ65 PA YABLE 8 MdlL .•e3_ �" � lfah¢rt 1 Hiivala �.�'� ';.tiQnl �o�My;wtlio+rFre�s,re� 9$ 10Sr.;:n�A$Irr.r,Iti4Y knnnl3U m[3' Buttala. MN 55373 779A � a.y�rii��d��ssMaacnan,qetl'.ptasecM1ecklM1i•.kw�aM ~` .��rt yvv�v on me becl o11�if 51uG In�oi�.e fn4�nie�e ]� uiaber: 271 l R:3 L�ate, �}r'13;'_�]$ R� �: Pz��e: 1 rot' I t��ii �rr�� h�p'r�: F�acfl�l Leaelard �ach�l Lea��rd h�tcai7tic�llo 3{]5 WalEt►�[ �l Ste C 505 4�'�lnllt St Ste I [4�dan[ice]]n. �ilti 55 �6?-$�2� h�inntictii[n, TviT� �,.ifi�-$.�i22 Quanti[y lkeni Gescri�tion l.r�it Fri€� F:c;emic+�l 3�;ii ,tcruh3a Prni'e;.cis�n:al fl� - 1']=,+,R I ilF 3. PFril.f€A71�`l 3:b Illl 4.?ki �;�:: f[}i�L'°]'t}HE�:�i_� „'i!k � •!I L.LJ:I:_ 1'I�'.tl'S�.II�: I'L�_ �:' �I�; }�='. �... . . .. . . ' � . .. ,� '�"� .":. . I i � � ! I I � +i� . �._� �.� �_-,� �� _. t�� j s ' e � t__�S ' ! 1 i r '� ,'J t�k"�ci �'7/�? :.L .. - r: + q. , . - ' � f ` � � '-�f � �'� � � . �'�� -d� `5 L� ~� �`� 'f, , - - t� r � ��' ° + . C'it}' nt'h9srni6�ell�a k'Ira�e k�emi[ 7'00 [_ea�� pf i,9inn��t�t� �'iti�c ]�5 L�niv�rs�ty� A��'k�+ 5t P�uC, M:� SS i 03-'�0�4 �lurslis�ns: 1�illin�' ilm�.s�r� E3illin� Phoru�: {(�51)?15-�02� 5 ubi�rs;R] S l U3 .tldk �alefi "I �4 SD.fl4 4hinnine.+E-landlin� Si�_OU Ci:a-�4 f�al�3 �l!?.i.ri�i I'�k mri�i _��:pliEd �li_ilil -- r#m��unl [}ue `!'1D3.1i0 Julie �hen�ey From: Sent: To: Subjec't: Atta chm �nts: H e I I+�, Ra��e!. Leonard Frid�y, A�ril 13, 2C?18 3:5' Pfvl ii� Fw: C�nf�rr�t�tican fnr C7rder #�771$3 In��ice2711?,�.pdf W'i�aev�r �tarts ta� process thi� invorce, plea�e �orne talk tv rne. I�an explakn �xactly �n+hat it is, and h�w Et shn�ld b� �c�ded, Thankyau! ��chel L�c�nar•ti �;c��munic�atic�,zs C��rc�in��kor City of h1��lticelln 763y277 -�;�75 t�1G'Ji�V. C1. C71 O Tl tl C�l � G.IY3 t7. L{ S �7n�r�� rnrr�e��r;r��fc'.f1CC C[l f!fli��f'i3iJf L�lt' C.fL�� {1�,�1�C1�lffL't?ilCt [�t#VE�f'l7lTi�£'f1C i}��1{-E"3 i5 SliFI�ECt f0 CFle YM1'�dfi]F1�St7�Cr [�nver�rra�e��t 1�nt� �'�-ac�,�es �ict cr�rd �rxr�y �e disc�osed t� tfrrre� �rrr�l«rs� From: LMC �illin� �Billing�ImC.Drg� Sent: Friday, April 13, 2�18 3:51 PIVi fio: Rach�el L�onard Suhject. Confirmatic�n for C7rder #2i11B� Thank you far ya�ur re�ent arder �,vikh the League oF Nlinnesota Cities. Ynur inv�sice is a-tached PEease �ar�nt the inuoiee ar�d subrr�it it wiCk� a�:F��k �ade �ayable t� th� League �f f�linnesata Caties. Submi� payr�ent ivs League af Minne�ata Cities ATTN Fir1�nC� �ep( 145 UnivQ€sity A�wenue Wes# St Pau! Nl N 55 ��-�CJ44 Questir�ny: For hillir�g questi�ns, ront�ct billin ir�c.a�, For iicensie�g �uestior�s, eantact helpd�sk��lmc.or� �r 651-�15-41C��. ��r safkw�re qu�stions, c�rttac# Ad�be Enterprise 5uppark: 1-8�70-685-3�70, � Ple��e r�ut�: Ytyu are pur�{�asi�ng frcam a 3-year li�en�e agreeme�t whieh started �ct�obe� �p17_ Taday's �ur�h25e i5 �� i manth, pr€�-rated s�bs�rfpti�n vafi� fvr the rernainder of �rear �r�e, April 26 through fJctober �5, �Ol�i, Ir� Ocko�er 2�15 yau will be requi•�d to purchase th�e next full year°s li�enses (year �a. In dttaber 2C114 y�u will be r�quieeci tfl pur�hase licenses i�rr the t�ird, �r�d fir��l, {�II y��r. ThiS 3-ye�r �'��ue fnCet�tive Priein,g Ent�rprise {VIPe) I�ter�s�e �nds €7�cto�er 25. 20�0. A�II saftwar� ar��l suppart is �a��rr�r3#�� by t4�� rrti�r��if��iu��r, Ac�€�k�� SysC�rt��, Iht, �r5� is t�se� s�abaert ��,+.he EUL�. The Le2�gu� �f Mirrnes�st� Cities is pr€�vidi�� the ,4dabe fi��rase t� you under ex�iitit t�rm� a��d ��iti�ns wEt�ir7 ihe VIPe agreemena. l�r"�, � �' I �� I � I U'.�. � ��. �`� 5 k 1� ,R�1 4 Lst. ��.1�" � �� J � -T �� - � Julie Cheney � From: �ul�s�ye Pr�p�rty M�ar�ag�me+�# �rnail��man�c�eb��ilding.eom> Ser�t: W�ednesd�y. April � 1, 2(7;'8 3:15 A�r1 To: AP Subjeci: Lease s�tate�ri�nt far Braadw�y ��rkin� fasemer�t - CCah�lhrlEl��lA� - C as �f 4/1 1/��p18 � Bullsey� Prvp�erty h+�ar�2�c��ment 1'I.CA5E 1�(}T�= []C7 NC}T R.EPL4' `]�i] "�"E IIS Eh1e�IL ;^�f�[)RE:�S �I'hss emr�il messae� ,t•sis �cnt frum a n�3tilic��lion-Unt}• ad�i�z�:s ih4G[ canno� aece�t i�it��mone cntai�. �� { i � �� City caf fVlonticell€� �c�r�c�mic Deuelaprner�t Aut�c�rity 3� L�ke St �uit� �OD gig L�ke, fUdIV �v3D9 f}ate F'ri�r b�Eance �f�12�18 �11�iJ2D18 3�11201 S 3111201 � 313i�1�{71 S �19l2�18 �J912� � S Memr� �ommon �Ir�� M��ntenance P�yment ��mrnon Area M�inter��n�e R�ym�nt Payr�ent �ammcrn ,�re� I�+laint+�~��nc� �Gamnnon Ar�a Ma�r�te��nce ��unt �: O�b�U5�1� P�m�unt ��la�nce $2�.�1 $1�1,�C} �145�.21 (S 1 �3 �. 21) ��, 0� 9��1.�� 1�1.6�} �$"I�� ,�0� ��.0� {�1 �1 _��) �$'121,�6�} $121.�p �(},DD �1�1.6(l $1�1.�0 Baia�te� d��: �`12'I .60 Pa��rncnt is du� b�� the 2f3th ofthe m��esth. •�' _ � . 14�1�n�ge y'our ��eaunt �anlin�: I1ff�l:�IF]ul�ti[k'L�II'tl�7CCCil:s_manst�cl7�C�S�]i1�;.tyJm Bu11;;e��e 1'rc�p�:rt�' Ia�1an��.eraient 763-?S�5-�iSF��, �dminfc�bullseve4] 1.cnFn L ; '� i 0 z 0 4 � � � � � C O a .� � i� O c a > �n oa h �r oo �r m m m �!i 'l� M W N N O� N O O �U 'v � �n O �n N 'v � 00 .� N N M V'1 'V 'V N �^� cn cn � O G � O �., N � � � � � � � � o o � o � N ^ N N ^ N N ^ '" T � 7 7 m T 7 � ,p .`.3 N � N N �p N N �p F T � 7 7 � T 7 � .E3 o � o o a o o � � +' 0 '� q a � a� v� CC w � � �',' :a i� G ^ :�3 � o o � � o � � y r � �' v� ri� � Q v� � ¢ � � � � ,r� ,� � � W ,? c� c � CL' G a, � G � i � .% � � i o r � ,� o � � W n. � � � � vi c.�. � C M (`I O N � � 0. M, �., w p, o 0 0 0 0 c � `� en � � o . 0 � i' H C] � � � � � � � � T v� v� v: � � � � � Pr Pr a p � O O � ¢ � 0.' � � U U � 0. � � F � Q a z z o o m V O (-7 V :J �G � � � x c � � z � � °. ° � m a � � F .��- � a�i u ;� - � M Y � M Y � N 00 aa N (`I � � M M 7 7 a a M M � � 7 7 M M N N �o �� T 7 .'J O M M � � ^t 7 � M N N � 0. m N � O � � O C � � a a � � � F- 0. � ��17�i11' � �,.. � L7�ic c�l"Tr.ins�icl�c,�1 f � CIT'Y OF i�u'1�NTfCELl£l City Hall C�rd Transatt�crn Pie�se attach xhe inrroice/receipt and an�r other available �dacur�ent�tiarr ta 4hi5 form- To be ccsmpleted kay purch��er. Am�unt $�,-�, �� : r �� irde purcha�er n�rne: Tr� �r� icki Leerhoff`• Ra� e e�nard Jeff D'N�eill 1�fayne �berg 5arah Rathlisberger Jennifer Sch�re�ber An��la 5chum�nn Jirn Th�res J�cab Thunander f� �. � Ennp�4ye� Slg e ' �. _� Supe�nri 5i �tu � � �� [)a[e ap�rove� 5p�[ial f�rt��tt # ar da�crintinr� �Ar[le de��rtment eade: 11J1-4111C1 1Q1-4131b 1L1-4141[l IQ1-d152� 101-41�Df� ial-�a�10 lai-�1�z� 1�71-41.940 21��}€} — �1�-4�3C}1 Cir�l� expert5e cad+�: ��i��n 431950 ��1�9b a��o�o d33Z�� 4�3300 443 71J4 44395�] �}ther Gity CoWntil Adrnini�tr�ti[�n Electi�►ns Finance Hurnan Resc�ure�s Pl�nnang �ncJ Zoning D�k� Processing City Fi�1G _ __� Econ[��h[ C�eueloprrierrt H RA ��neral pperatir�� 5�upplies NewsY�tter Sen+i�es Miscel6�n�c�us Praf S�rvw��es . Pastage Trave�f�rainir�g fx�ense C��Jes M�m�ership & Subserip LiEer�ses 2rsd P�rmits h+lise, �ther Expense P �''� ��` '�.,�� '��.<.r�� .,� � ��V4V ��r s�• �asl, �h�r�d.rty �''r�rstira� SrrrCrr 7�7.5 i63�295-3f41 2i6 �cd�r St,� �,+C�, B+�x235 m�ntiprint�td�.n�t MQn#i�elfo. Mhf ��3�s2 a�t� '�-��C• �a�� s�i� �� .. �� C�°�,�4�..��,�.�'.��-.---- �� w�rw.rt7t�ntiprinting.com ��1 ��ml�:' ��,+,� Debbie Davidson From: Sent: To: Subject: Attachments: City of Monticello, MN 505 Walnut St, Ste 1 Monticello, MN 55362 763 .271.3228 8 AM to 4:3 0 PM Account Information Account: Name: Service Address: Service Period: Billing Date: Due Date: Meter Reading noreply@merchanttransact.com Wednesday, March 7, 2018 10:12 AM AP Your bill from City of Monticello, MN is ready. 3118WEBINSERTS.pdf Previous Reading Serial Date Reading 53321062 2/1/2018 188496 Current Charges Water: Water: CITY WATER - NON-TXBL Water: ACH Credit - Auto Pay Water: E-Bill Credit Sewer: SEWER - COM/MONTHLY Sewer: SW DISCHRG FEE - COM MONTHLY 2 % Total Current Charges: Bill Summary Previous Balance: Payments Received: Adjustments: Current Charges: * Total Amount Due by: 4/1/2018 * This was the amount due at the time of billing. 007256-003 MONTICELLO EDA (213-46301) 349 BROADWAY W 2/1/2018 to 2/28/2018 (28 days) 3/6/2018 4/1/2018 Current Reading Date Reading 3/1/2018 188496 To view your amount due at the current time and make a payment click here. Auto payment is setup for this customer account, do not pay. i Cons 0 $0.00 $6.95 ($1.00) ($0.50) $8.75 $0.18 $14.38 $14.38 $14.38 $0.00 $14.38 $14.38 Debbie Davidson From: Sent: To: Subject: Attachments: City of Monticello, MN 505 Walnut St, Ste 1 Monticello, MN 55362 763 .271.3228 8 AM to 4:3 0 PM Account Information Account: Name: Service Address: Service Period: Billing Date: Due Date: Meter Reading noreply@merchanttransact.com Wednesday, March 7, 2018 10:12 AM AP Your bill from City of Monticello, MN is ready. 3118WEBINSERTS.pdf Previous Reading Serial Date Reading 38298301 2/16/2018 1518440 Current Charges Water: Water: CITY WATER - NON-TXBL Water: ACH Credit - Auto Pay Water: E-Bill Credit Sewer: SEWER - COM/MONTHLY Sewer: SW DISCHRG FEE - COM MONTHLY 2 % Total Current Charges: Bill Summary Previous Balance: Payments Received: Adjustments: Current Charges: * Total Amount Due by: 4/1/2018 * This was the amount due at the time of billing. 007256-005 MONTICELLO EDA (213-46301) 255 BROADWAY E 2/16/2018 to 2/28/2018 (28 days) 3/6/2018 4/1/2018 Current Reading Date Reading 3/1/2018 1518440 To view your amount due at the current time and make a payment click here. Auto payment is setup for this customer account, do not pay. i Cons 0 $0.00 $3.23 ($1.00) ($0.50) $4.06 $0.08 $5.87 $0.00 $0.00 $0.00 $5.87 $5.87 ��'�n�[or I]�ti� c,!"�I�r�a��st��.ti�n �i`'� � � +CI�°Y C�� A�1ilNTI�C�LL(l City H�II �arcl TranS��tinn P�ease �ttach #he �nvnicef reteppt and any �ther �vailable dotumentati an to this form. Tca be complet�d by pur�haser: i4mount $�� .� . �-� � = �ircfe purcha��r name: 7r�cy Ergen k LrfCk+ Le�rhoff .-F:a h f�i �oi��rd Jeff �'N�ill I�V�yne (]berg �ar�i� R�thli�b+�rger Jennifer S�hreaber Angeia S�hurr�ar�n lirn Thares Jac€sb Thun�r�d�r `., �--- � �, Empfr�ye� Sig�:� I , _ f Date dpproved 5��ti�l F�rajett # �r 1►��,�reptivn �ircie departrnent code: 1C�1-4�110 .. - -�,�M1 f . � �.��,. ��= � �. t(71-4Z41� 141-41520 1Q1-41800 1�1-4192C7 109-4192Ct 1Li1-4194C1 r` � 13-465DC'3: ��3-45�U1 �ircl� ex��ns� �orfe: 4� 199{7 4�1350 4� 195 �7 4322�14 4331D0 443�4@ 44�7QL]— ��a Oth�r �ity+�c�uneil Administrati�n Eleftivns Finar�te Hurnan i�e��rr�ees PJanning �nd �onin� Data Pro�eS�in� City HaIJ Et�npmi[ Develc�pment H f�,q G��erad �perating Su��lies fVew:sl�ett�r Service� Mis�ellaneous Pr�f.Servic�5 �astage Tr�veljl'r�inir�g �xpense Ru€5 Memtiership �' Su�s�rip Lic�r�ses an� Permpts fvTise. [}ther Expe►rse �f._�'f � �2�]'`f l ��`� `�'�'�% � .� �� a,�,. .:,�.�� wawi_E�s. 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Tv be cam��eted by purchas�r: Ams�un# $��,' 2 ,` ��ti-�— �irel�e purchaser name; T-acy Frg�n , Vi�ki L�erhoff L��ia�Tel�or�ard Jeff �'Neill V4'ayn� 0b�rg 5arah Rat�li�l�er��r Jennif�r Schreibe� �ng�la 5chrumann Jirn T��r�S 1�to� �Thun�nder , .� ! f.�� ' _.� ��..— f �� H � I1��.�}1 �' ��{'' __ Cate �pprvv2d 5p�€aal Projeet # nr Description Ci�rcle depa rtrnent cod�: �ircle �expense cod�: 421990 431950 431944 4322[�i7 4 331D�1 4�3�fl{7 4437D� � 3940 C3ther ; � ,r /�� .; . 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Rh9f191J�T A!:i;l]n'�iiN;� 1l7 Ckffii 1�5�1�_R A�F:l:lhik�MT �if��r�k vuu �t�r" t;eia'�� d� f ie�_� ��f tlpe F�ia; kes•��r��;; F�eml�+:r� [iEt k.�tl':i 1[] ANY [�E� 1'!J r�1' 11H�� G;k I:: ��I � i� R I 1 F' F'�l�1 TU Y[]��P 11RIYtR ; '� i 0 z 0 4 +- o 0 0 0 � � �� A � 0 z � v � c 0 a .� � i� O L O 'C C ti � 0 � N N � �, M � Y � O � a w ro � o N � m � O M N O �V O C ln ' � z w a. Y W a`�'. a � U N � [7 � � w a W V � O F^ � G CC a`� � � m a� H 3 a� t Q `o � c 0 � � Q �n � 0 N O in O C � � ¢ a a 0 �rs � F= 0. G NOPTHERN STATES POWER COMPANY '�'' ii SERVICE ADDRESS ACCOl1NT NUMBER � � � MONrICE��o EOA 51-0623082-8 04/03/201 S � �� 349 W BROADWAY ST MONTICELLO, MN 55362-9356 STATEMENT NUMBER STATEMENT DATE � � � F�ESP4NSIBLE BY NATIJREz 583047906 03/07/2018 $17.50 YOUR MONTHLY ELECTRICITY USAGE � M A M J J A S 0 N � J F M DAILYAVERAGES LastYear Temperature 30° F Electricity kWh D.2 � Electricity Cost $0.56 � � QUESTIONS ABOUT YOUR BILL? Seeourwebsite: xcelenergy.com Email us at: Customerservice@xcelenergy.com Please Call: 1-800-481-4700 Hearing Impaired: 1-800-895-4949 Fax: 1-800-311-0050 Orwrite us at: XCEL ENERGY PO BOX 8 EAU CLAIRE WI 54702-0008 � iicel Energy� SUMMARY OF CURRENT CHARGES �detailed charges hegin on page 2� Electricity Service 02/04/18 - 03/06/18 6 kWh $17.50 Current Charges $17.50 ACCOUNT BALANCE Previous Balance Payment Receivetl Balance Forward Current Charges Amaunt Due INFORMATION ABOUT YOUR BILL Thank you for your payment. As of 02/04 Auto Pay 03/05 RETURN BOTTOM PORTION N'ITH YOl1R PAYMEIJT • PLEASE 00 NOT USE STAPLES, TAPE OR PAPER CLIPS ACCOUNT NUMBER 51-0623082-8 $17.54 -$17.54 CR $O.00 � $17.50 � $17.50 0 DUE DATE � � � � � � � 04/03/2018 $17.50 Automated Bank Payment Yourbillispaidthraughanautamatedbankpaymentplan. 7 2 4 5 6 7 8 9 1D 11 12 13 14 15 16 17 18 19 20 21 ----- manifest line --------- 22 23 24 25 26 27 28 ��i��l��1�� 29 30 MONTICELLO EDA 505 WALNUT ST STE 1 MONTICELLO MN 55362-8822 ��II��I��I�II�I�I��I��II��I��I��I�I�I��III�I�� XCEL ENERGY P.O. BOX 9477 MPLS MN 55484-9477 31 51040318 06230828 0000000175000000001750 r • r r: � � � '�'' ii SERVICE ADDRESS ACCOUNT NUMBER � � � � ��iPr/ Energy� MONrICE��oEOA 51-0623082-8 04/03/2018 349 W BROADWAY ST MONTICELLO, MN 55362-9356 STATEMENT NUMBER STATEMENT DATE � � � 583047906 03/07/2018 $17.50 PIUG INfiU U� �N �� IYI��I� ��■ ��CELE�IERGY SERVICE ADDRESS: 349 W BROA�WAY ST MONTICELLO, MN 55362-9356 NEXT READ DATE: 04/06/18 ELECTRICITY SERVICE DETAILS PREMISES NUMBER: 303657358 INVOICE NUMBER: 0713978425 ELECTRICITY CHARGES RATE: Sm Gen Svc (Metered) DESCRIPTION USAGE UNITS RATE CHARGE Basic Service Chg $10.00 Energy Charge Winter 6 kWh $0.079650 $0.48 Fuel Cost Charge 6 kWh $0.028333 $0.17 DecauplingAdj 6 kWh -$0.000291 $0.00 Afforda6ility Chrg $1.26 Resaurce Adjustment $0.09 Subtotal $12.00 City Fees $5.50 Total $17.50 INFORMATION ABOUT YOUR BILL For a n average non-demand customer, 69% of your bill refers to power plant costs, 14% ta high valtage line costs, and 17% to the cost af lacal wires cannected to your business. For an average demand customer, 79% of your total bill refers to power plant costs, 13% to high voltage lines, and 8% to the cost of local wires connected to your business. BUIL�ING A F�UfV[�ATI�N �TARTS �f ITH �UILDING� AND FU�UI�QATI�N�. We kn�w � str�ang �omrnunity n�eds tv b� k7wlt fr�rn the gr�w7c1 up, We w�rQrk �rith nonprs�fit organizati�n�, and invest in areaa like �TEM ��lu��ti�an �n�1 �nvirc�nrn�nt�l stew�rdship te� �r��te c4rnrnuniti�s th�t h�v�e the p�rw�r to r��ke ther��lves hett�r. n�w�vs c1e�i►r�rrrt�. � � Installin� hi�h-�efficiency unit heaters uvill irnprave yaur heating bill and camfart �II vt+inter I�ng. lJnrt h��ter te�hnc�l4gy c�ff�rs rnpr� energy effi�i�n�y th�n tr��litir�n�l space f�eaters. an� w�'ll F7�Ip yc�u of#��t ir�iii�l c�s#s witfi v�l�a�bl� rebates. Infrare�l H�a#ing RQbat�es $125 per 10(],C�L�� BTUH ic�r an B4°a effici�nt (or b�tter} infrar�d Y�e�iin� s��si�n3. C�ndensing Uni# Heat�r� $�OU p�r 14+�,CL+� BTUH ic�r �90°�a �ffi� i�r7t i;��r ��CC�r.� condansing tinii he�ters. f�c+n-C�r��iensing Unit HQaters $�� p�r 1L+r�l.��C+ GTUH f�r 83°=a-efficier7t �:ur taettari r�or7-cc�ndensir7ca unit Ysaat�r�. �ubrnit your reb�te appli�ation the easy w�y. Visit xcelenergy,comlH�a#in�Efficiency for our anline application pr€�c�ss_ Or, cc�ntact yc�ur account mana��r esr �n er��rgy �fficier7�y sp��i�list at 8�55.839.8862 ta +�at started. n�w,a�rs c��[��rer�r�g � ��1��y� :4•7'�%:c�l Er,�F kV �`�: N W � N � O O r • r r: EDA Agenda: 5/09/18 4d. Consideration of Stipulation to Re�ister Title to Lot 3, Block 1, Clear Creek Addition, Wright Countv, Minnesota according to the recorded plat thereof (JT/AS) A. REFERENCE AND BACKGROUND: The EDA is asked to consider authorizing the Stipulation related to a request to register title of land described as: Lot 3, Block 1, Clear Creek Addition, Wright County, Minnesota. Clear Creek Land Company, LLC (Dahlheimer) is preparing to record the required (re)plat of Clear Creek Addition and the attached Stipulation forms the basis to finalize registration of certain land title with Clear Creek as a precursor to recording the plat for Clear Creek Second Addition. The parties to the Stipulation include Clear Creek Land Company, LLC, the City of Monticello Economic Development Authority and the City of Monticello. Clear Creek's attorney has indicated that this draft will need to be presented to the title examiner for any final changes and is therefore subj ect to those final comments. A Certificate of Completion is also attached. The Certificate is evidence that the Minimum Improvements are completed as required per the Purchase and Development Contract. The Certificate will be executed upon issuance of a Final Certificate of Occupancy reflecting satisfactory completion of the Minimum Improvements. The EDA attorney indicates the CoC can be issued by staff upon verification of the Final Certificate of Occupancy. The City Council will consider the Stipulation and temporary easement on May 14th, 2018. A1. STAFF IMPACT: Consideration of the Stipulation required collaboration between the Community Development Director, Economic Development Manager as well as the respective City and EDA attorneys and the attorney for Clear Creek Land Company, LLC. A2. BUDGET IMPACT: Budget impacts are primarily in the form of legal fees for Reviewing/editing the Stipulation. City staff have a modest amount of time committed to the effort, mostly in coordinating review steps and preparing the EDA staff report. B. ALTERNATIVE ACTIONS: L Motion to authorize the Stipulation to Register Title to Lot 3, Block 1, Clear Creek Addition, Wright County, Minnesota according to the recorded plat thereof, subject to final comments of the title examiner. 2. Motion to deny authorization of the Stipulation to Register Title to Lot 3, Block 1, Clear Creek Addition, Wright County, Minnesota according to the recorded plat thereof 3. Motion to table consideration of the Stipulation to Register Title to Lot 3, Block 1, Clear Creek Addition, Wright County, Minnesota according to the recorded plat thereof for further research or discussion. C. STAFF RECOMMENDATION: 1 EDA Agenda: 5/09/18 Staff recommends Alternative #1. The proposed Stipulation is a precursor step required to properly register title by Clear Creek Land Company, LLC (Dahlheimer) and complete its re- plat process. D. SUPPORTING DATA: A. Stipulation B. Certificate of Completion (recordable format) C. Plat of Clear Creek Second Addition 2 STATE OF MINNESOTA COUNTY OF WRIGHT In the Matter of Application of Clear Creek Land Company, LLC, a Minnesota limited liability company, To Register the Title to Certain Land DISTRICT COURT TENTH JUDICIAL DISTRICT 10. OTHER CIVIL-TORRENS Court File No. 86-CV-16-5393 Stipulation This Stipulation is made and entered into by and between Clear Creek Land Company, LLC, a Minnesota limited liability company ("Clear Creek"), the City of Monticello Economic Development Authority, a public body corporate and politic and political subdivision of the State of Minnesota ("Authoritv"), and the City of Monticello, a Minnesota municipal corporation ("Citv"; and with Clear Creek, each a"Partv" and collectively the "Parties"). RECITALS: Clear Creek made application to register the title to land in Wright County, Minnesota, described as follows: Lot 3, Block 1, Clear Creek Addition, according to the recorded plat thereof (the "Land"). 2. Clear Creek filed an Amended Application in the above-captioned matter. Subsequent to the filing of that Amended Application, the Wright County Examiner of Titles issued his Supplemental Examiner's Report, pursuant to which he recommended that the sole party defendant to the above-captioned matter should be the City of Monticello. The Parties desire to stipulate to the Amended Application, the registration of title to the Land in the name of Clear Creek, and to the resolution of certain identified interests encumbering the land. AGREEMENT 4. The Recitals are incorporated in this Agreement by reference. 5. The City and the Authority acknowledge receipt of the Amended Application and the Supplemental Examiner's Report. The City and the Authority acknowledge the contents of the Amended Application and the statements made therein, and stipulate to the statements and information contained in the Amended Application. 4007927v4 6. The City and the Authority stipulate that Clear Creek is vested with title to the estate in the Land as described in the Amended Application and do not obj ect to the registration of title as requested in the Amended Application. 7. Letter of Undertakin�; Wri�ht Countv Recorder pocument No. 1322385. The Parties acknowledge that the purpose of the Letter of Undertaking identified as Wright County Recorder pocument No. 1322385, is fully satisfied upon registration of title to the Land in Clear Creek's name and upon the subsequent recording of a new plat of the three lots in Clear Creek Addition, to be identified as Clear Creek Second Addition ("Clear Creek Second Addition"). The Parties stipulate that the Letter of Undertaking recorded as Document No. 1322385 does not need to be memorialized on any given Certificate of Title issued following the registration of title to the Land in Clear Creek's name and the filing of the plat for Clear Creek Second Addition. 8. Easement for Utilities and Draina�e as Shown on Recorded Plat. The Parties stipulate that the City has installed certain utilities including electric, gas and fiber optic lines and a gas meter and fire hydrant (collectively, "Utilities") outside of defined easement areas as shown on the recorded plat of Clear Creek Addition. The Parties stipulate that the foregoing Utilities will be located within the dedicated drainage and utility easement to be described in the plat of the Clear Creek Second Addition. The Parties stipulate that the current encroachment of the Utilities on the Land outside the drainage and utility easement dedicated in the plat of Clear Creek Addition does not need to be memorialized on any given Certificate of Title issued following the registration of title to the Land in Clear Creek's name. The Parties further stipulate that the current condition of encroachment by the Utilities will cease to exist following the filing of the plat for Clear Creek Second Addition. 9. Easement for Dalton Wav Cul-de-Sac. The Parties stipulate that the City has constructed a cul-de-sac on the southeast terminus of Dalton Way, a portion of which is outside of the defined roadway right-of-way area for Dalton Way, and is encroaching on the Land. The Parties have agreed that the encroaching portion of said cul-de-sac shall be permitted pursuant to the terms of a Temporary Roadway Easement to be recorded against the Land, which Temporary Roadway Easement should be memorialized on any Certificate of Title issued pursuant to this matter. The Parties stipulate that said Temporary Roadway Easement shall terminate according to the terms and conditions therein stated and upon termination does not need to be memorialized on any given Certificate of Title issued following the registration of title to the Land in Clear Creek's name. 10. Purchase and Development Contract; Wri�ht Countv Recorder pocument No. 1322384. The Parties acknowledge that Clear Creek's ownership of the Land is subject to the terms and conditions of the Purchase and Development Contract between the Authority and Clear Creek identified as Wright County Recorder pocument No. 1322384 and the Quit Claim Deed from the Authority to Clear Creek identified as Wright County Recorder Document No. 1322386, both of which provide for the imposition of certain obligations and restrictions on Clear Creek following the date on which the Land was conveyed to Clear Creek by the Authority, and further provide for contingent reversionary rights in the Authority. The Parties acknowledge that the obligations and restrictions imposed on Clear Creek are deemed satisfied, and the contingent reversionary rights in the Authority are 2 4007927v4 released, upon the issuance of a Certificate of Completion by the Authority. The Parties acknowledge and agree that the condition for the issuance of a Certificate of Completion is conditioned on the City's issuance of a Certificate of Occupancy for the Minimum Improvements (as that term is defined in the Purchase and Development Contract) constructed on the Land. The Parties stipulate that the City has issued a Certificate of Occupancy for those Minimum Improvements and that the Land shall no longer be subj ect to the terms and conditions of the Purchase and Development Contract identified as Wright County Recorder pocument No. 1322384, and shall no longer be subj ect to the obligations and restrictions imposed on Clear Creek and the related contingent reversionary rights, all as set forth in the Quit Claim Deed identified as Wright County Recorder pocument No. 1322386. The Parties stipulate that the Authority shall deliver or cause to be delivered to Clear Creek, in recordable form, a Certificate of Completion as required by the terms of the Purchase and Development Contract. The Parties further stipulate that, upon the recording of the Certificate of Completion, the Purchase and Development Contract does not need to be memorialized on any given Certificate of Title issued following the registration of title to the Land in Clear Creek's name, and stipulate that the future obligations and restrictions imposed on Clear Creek, and the contingent reversionary rights provided, in the Quit Claim Deed do not need to be memorialized on any given Certificate of Title issued following the registration of title to the Land in Clear Creek's name. 11. Development Contract: Wri�ht Countv Recorder pocument No. 1322388. The Parties acknowledge that Clear Creek's ownership of the Land is subject to the terms and conditions of the Development Contract identified as Wright County Recorder pocument No. 1322388. The Parties acknowledge that the Development Contract imposed on Clear Creek certain covenants and warranties, and that the Land shall be released from the terms and conditions of the Development Contract upon the City's determination of Clear Creek's satisfaction of the covenants therein contained and upon the expiration of the warranty period. The Parties stipulate that, upon such determination, the City shall deliver to Clear Creek, in recordable form, a Release as required by the terms of the Development Contract, evidencing the termination of the covenants and the warranty period and releasing the Land from the terms and conditions of the Development Contract. The Parties further stipulate that, upon the recording of such a Release, the Development Contract does not need to be memorialized on any given Certificate of Title issued following the registration of title to the Land in Clear Creek's name. 12. All Parties have contributed to the drafting of this Stipulation and any ambiguities contained in this Stipulation shall not be construed against any particular Party. 13. The Parties may execute this Stipulation in any number of counterparts, each of which when so executed and collected, whether by hand delivery, mail, fax, or email, shall be an original, and such counterparts shall together constitute one and the same Stipulation. 14. This Stipulation is subj ect to and shall become effective only upon the review and approval by the Wright County Examiner of Titles and upon the entry of an order by the above-captioned Court which approves this Stipulation and each of its terms. 3 4007927v4 IN WTTNESS WHEREOF, the Parties hereto have made and entered into this Stipulation as of the day and year approved by the Court. CLEAR CREEK LAND COMPANY, LLC, a Minnesota limited liability company By: Luke Dahlheimer Its: Chief Manager CITY OF MONTICELLO By: Name: Its: Mayor By: Name: Its: City Administrator CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY By: Name: Its: President By: Name: Its: Executive Director 4 4007927v4 CERTIFICATE OF COMPLETION WHEREAS, the City of Monticello Economic Development Authority, a public body corporate and politic (the "Authority"), by a Deed recorded in the Office of the County Recorder of Wright County, Minnesota, as Document Number 1322386, has conveyed to Clear Creek Land Company, LLC (the "Developer"), the following described land in County of Wright and State of Minnesota, to-wit: Outlot A, Otter Creek Crossing lst Addition; and Outlot C, Otter Creek Crossing 3rd Addition WHEREAS, the undersigned hereby certifies that the Developer has fully complied with its obligations under Articles III and IV of that document titled "Purchase and Development Contract," between the Authority and the Developer, recorded in the office of the Office of the County Recorder of Wright County, Minnesota, as Document No. 1322384 ("Agreement"), with respect to construction of the Minimum Improvements in accordance with Article IV of the Agreement, and that the Developer is released and forever discharged from its obligations with respect to the Agreement and such Agreement is terminated pursuant to its terms. 522750v1 MNI MN325-30 1 Dated: STATE OF MINNESOTA COUNTY OF WRIGHT f11 • CITY OF MONTICELLO DEVELOPMENT AUTHORITY I� Authority Representative ECONOMIC The foregoing instrument was acknowledged before me this day of May, 2018, by James Thares, the Executive Director of the City of Monticello Economic Development Authority, on behalf of said Authority. 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Fq4 ' � �/ � \ 1 � ��jY'�. P �FYU 9v �'� � \ � -1�� ' � oORnuLYm9�n � - �k�d _ �� 'i , "• i� �' � ; a. na. o-`� - ds � ; v.-' � �' , v � ;e�,.a �'� :2d �%, - gt" �'� _ � —1 _�V-_ "�a a;;ea �r'� .sae,ai r � , -_� . a�\`\�; �d�, ' :N6�'� / � \ 1 \- \ x C�e 54 - - � .. � �� / / /'\ 1 '� F - � °� �9' . � `�"vm``�oN'��n� i G'�"''�� U i �' i `J � `� j� - �('� > �� a�v'�s�.a''br.a.�m� � , �v � �°`s`'g'°� � � �;-� �� ' �_-� � 0 � � �� ,�_V �"l� �_-� � / �T �, ; �__�-'� � / \ -'�__ _ �-� EDA Agenda: 5/09/18 4e. Consideration of Adoptin� Resolution #2018-08 Authorizin� Interfund Loan for Advance of Certain Costs in Connection with Proposed Block 52 Tax Increment Financing District (JT/AS) A. REFERENCE AND BACKGROUND: The EDA is asked to consider adopting Resolution #2018-08 authorizing an Interfund Loan to support TIF District expenditures relating to future redevelopment of City and/or EDA properties in Block 52. By adopting the Resolution, the EDA maximizes its flexibility to cover advance qualified costs such as land acquisition, relocation, environmental remediation, and site preparation expenses from a legally available EDA and/or City Fund. The resolution further gives the EDA the flexibility to then reimburse the selected legally available Fund for qualified costs through the increment collected in a future TIF redevelopment district. It also provides the flexibility for the EDA to elect not to reimburse the costs. For example, if the EDA later desires that tax increment be used in full to support the development proj ect as gap financing, it can elect to forgive the costs associated with the various site redevelopment activities. Regardless of the EDA's action on the subsequent items, the Resolution will support the EDA as it undertakes activities to facilitate redevelopment opportunities on the block. A1. STAFF IMPACT: The administration and execution of an Interfund Loan will require collaboration between the Community Development Director, Economic Development Manager and Finance Department. Staff will also be requesting the assistance of Northland Securities and Kennedy & Graven as appropriate. A2. BUDGET IMPACT: A budget was estimated at $1,200,000 based on possible qualified expenditures. This figure is fairly generous and should cover a variety of activities related to land acquisition, relocation expenses and site preparation activities, including without limitation environmental remediation, structural analysis, and demolition of substandard structures within the TIF District and Redevelopment Project (the "Qualified Costs") using Authority or City funds legally authorized for such purpose, and to reimburse such funds from tax increments from the TIF District when received. Language in the Resolution also authorizes financing of up to $25,000 in administrative costs as well. B. ALTERNATIVE ACTIONS: L Motion to adopt Resolution 2018-08 Authorizing Interfund Loan for Advance of Certain Costs in Connection with Proposed Block 52 Tax Increment Financing District. 2. Motion to deny adoption of Resolution #2018-08 authorizing an Interfund Loan for Advance of Certain Costs in Connection with Proposed Block 52 Tax Increment Financing District. 3. Motion to table consideration of Resolution #2018-08 for further research or discussion. 1 EDA Agenda: 5/09/18 C. STAFF RECOMMENDATION: Staff recommends Alternative #1. The proposed Resolution provides the funding mechanism necessary to incur qualified costs related to a future redevelopment proj ect on Block 52. The ultimate goal is to allow the EDA to have maximum flexibility of potential resources to support and facilitate redevelopment efforts. SUPPORTING DATA: A. Resolution #2018-08 2 CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 2018-08 AUTHORIZING INTERFUND LOAN FOR ADVANCE OF CERTAIN COSTS IN CONNECTION WITH PROPOSED BLOCK 52 TAX INCREMENT FINANCING DISTRICT BE IT RESOLVED By the Board of Commissioners of the City of Monticello Economic Development Authority (the "Authority") as follows: Section 1. Back�round. 1.01. The Authority intends to establish a Tax Increment Financing District for a portion of the downtown area of the City of Monticello known as Block 52 (the "TIF District") within its Redevelopment Project No. 1(the "Redevelopment Project") pursuant to Minnesota Statutes, Sections 469.174 to 469.1794, as amended (the "TIF Act") and Sections 469.090 to 469.1082, as amended (the "EDA Act"). In connection with establishment of the TIF District, the Authority will approve a Tax Increment Financing Plan for the TIF District (the "TIF Plan"). 1.02. The Authority may incur certain costs related to the TIF District, which costs may be financed on a temporary basis from legally available Authority or City funds. 1.03. Under Section 469.178, Subdivision 7 of the TIF Act, the Authority is authorized to advance or loan money from any fund from which such advances may be legally made in order to finance expenditures that are eligible to be paid with tax increments under the TIF Act. 1.04. The Authority expects to finance up to $1,200,000 in costs related to land acquisition and site preparation activities, including without limitation environmental remediation, structural analysis, and demolition of substandard structures within the TIF District and Redevelopment Project (the "Qualified Costs") using Authority or City funds legally authorized for such purpose, and to reimburse such funds from tax increments from the TIF District when received. 1.05. The Authority has also determined that it may be necessary to finance up to $25,000 in administrative costs associated with the TIF District (the "Administrative Costs") using Authority or City funds legally authorized for such purpose, and to reimburse such funds from tax increments from the TIF District when received. 1.06. The Authority intends to designate such advances as an interfund loan in accordance with the terms of this resolution and the TIF Act. 521653v1 MNI MN190-101 1 Section 2. Repavment of Interfund Loan. 2.01. The Authority hereby authorizes the advance of up to $1,200,000 in legally available Authority or City funds to pay the Qualified Costs, plus up to $25,000 to pay the Administrative Costs, for a total aggregate principal amount of $1,225,000, together with interest at the rate of 4% per annum (the "Interfund Loan"). Interest shall accrue on the principal amount of each advance from the date of such advance. The interest rate is no more than the greatest of the rate specified under Minnesota Statutes, Section 270C.40 and Section 549.09, both in effect for calendar year 2014, and will not be adjusted. 2.02. Principal and interest ("Payments") on the Interfund Loan shall be paid semi-annually on each August 1 and February 1(each a"Payment Date"), commencing on the first Payment Date on which the Authority has Available Tax Increment (defined below), or on any other dates determined by the City Administrator, through the date of last receipt of tax increment from the TIF District. 2.03. Payments on the Interfund Loan will be made solely from Available Tax Increment, defined as tax increment from the TIF District received by the Authority from Wright County in the six-month period before any Payment Date. Payments shall be applied first to accrued interest, and then to unpaid principal. Payments on this Interfund Loan may be subordinated to any outstanding or future bonds, notes or contracts secured in whole or in part with Available Tax Increment, and are on a parity with any other outstanding or future interfund loans secured in whole or in part with Available Tax Increment. 2.04. The principal sum and all accrued interest payable under this resolution is pre-payable in whole or in part at any time by the Authority without premium or penalty. 2.05. This resolution is evidence of an internal borrowing by the Authority in accordance with Section 469.178, subdivision 7 of the TIF Act, and is a limited obligation payable solely from Available Tax Increment pledged to the payment hereof under this resolution. The Interfund Loan shall not be deemed to constitute a general obligation of the State of Minnesota or any political subdivision thereof, including, without limitation, the Authority and the City. Neither the State of Minnesota, nor any political subdivision thereof shall be obligated to pay the principal of or interest on the Interfund Loan or other costs incident hereto except out of Available Tax Increment. The Authority shall have no obligation to pay any principal amount of the Interfund Loan or accrued interest thereon, which may remain unpaid after the final Payment Date. 2.06. The Authority may at any time make a determination to forgive the outstanding principal amount and accrued interest on the Interfund Loan to the extent permissible under law. 2.07. The Authority may from time to time amend the terms of this Resolution 521653v1 MNI MN190-101 `� to the extent permitted by law, including without limitation amendment to the payment schedule and the interest rate; provided that the interest rate may not be increased above the maximum specified in Section 469.178. subd. 7 of the TIF Act. Section 3. Effective Date. This resolution is effective upon approval. Adopted this _ day of , 2018. President ATTEST: Executive Director 521653v1 MNI MN190-101 3 EDA Agenda: 5/09/18 5. Public Hearin� — Business Subsidv A�reement - Consideration of Resolution #2018-09 Approving EDA-SCDP Loan Agreement including Business Subsidv Agreement with Bondhus Corporation in the Amount of $200,000 in Connection with a Manufacturin� Facility Expansion Pro_iect (JT) A. REFERENCE AND BACKGROUND: Bondhus Corporation submitted an application for a$200,000 loan from the EDA-SCDP program to help finance a two-story, 12,400 sq. ft. expansion to its existing 60,000 sq. ft. manufacturing facility located at 1400 East Broadway. The total cost of the proposed expansion project is expected to be $2,334,000. Bondhus is indicating it will need both the EDA-SCDP loan as well as State JCF (Job Creation Fund) assistance to fill a funding gap allowing the total project investment to cash flow. Minnesota DEED recently approved a JCF grant to Bondhus in the amount of $175,300 as a pay for performance (pfp) reimbursement over the next five years. Per Minnesota Statutes, Sections 116J.993 to 116J.995, as amended (the "Business Subsidy Act"), the EDA is required to hold a public hearing due to the loan request being in excess of $150,000. The attached public hearing notice was posted/published allowing the EDA to take public comment prior to consideration of the loan. The need for the expansion is to accommodate the launch of a new line of tools. Bondhus has examined purchasing other firms in locations outside of Monticello to pursue this line of work and has come to the conclusion that it makes the most sense to establish this work in Monticello and grow it here. As part of the expansion project, Bondhus plans to add 15 new FTE jobs and retain the 86 current FTE jobs at the Monticello facility over the next five years. A nearly 53 year old company with origins in Monticello, Bondhus is a manufacturer of hex hand tools and screwdrivers. It makes 14,000 SKUs of hex and screwdriver oriented tools per day. They make and ship about 170,000 tools per day. Customers include Fastenal, Northern Tool, Mid-States Supply, etc. Bondhus has seen steady growth over the decades because of its high quality products with greater torq strength. It sells products internationally to 44 countries worldwide. Bondhus is just one of two hex hand tool makers left in the U.S., with Eklind of Chicago, being the other manufacturer. Bondhus plans to spend $500,000 on new equipment. The SCDP loan dollars are slated to cover a portion of these purchases. The JCF dollars will be used to reimburse Bondhus for real property improvements at a rate of 5 percent of expenditures. Additional JCF dollars will be paid to Bondhus over five (5) years as it verifies annually that it has created and retained 15 new FTE jobs. Bondhus indicates that it planning to contribute $250,000 (10.71 percent) in cash equity toward the project. It has already spent approximately $75,000 on feasibility planning design and engineering studies to accommodate the proposed expansion. The expansion project's funding sources and uses are shown below. 1 EDA Agenda: 5/09/18 Proiect Sources and Uses Sources Amount % Securitv Position Harris Bank $1,884,000 80.8 RE Mort-Equip./Assets EDA-SCDP Loan $ 200,000 8.5 UCC 2nd Lien Owner-Equitv Capital $ 250,000 10.7 N/A Total $2,334,000 Minnesota DEED - JCF Grant $ 175,300 Reimb. N/A Uses Amount Building Construction and Renovation Activities $ 1,660,000 Parking Lot Expansion and Ingress/Egress Modifications 136,000 Equipment 498,000 Total $ 2,334,000 A1. STAFF IMPACT: The proposed loan-business subsidy consideration will not place undue burden on staff beyond normal, typical program administration tasks. There will be some annual verification reporting components regarding job creation verification which is not overly time consuming. Staff already has a process in place to track the job creation requirements. An estimate of the current time commitment to the Bondhus proposal is 30 hours +/-). If the proposal is approved by the EDA, additional time in 2018 may total 20 to 35 hours with a similar amount of time in 2019 when equipment draws are completed and the first reports are due (Spring 2019). The JCF Grant Agreement is between Bondhus the State with a minimal amount of collaboration and oversight by City staff related to tracking expenditures, verifying job creation/wages and requesting reimbursement payments from the State. A2. BUDGET IMPACT: The EDA-SCDP loan program is an appropriate source of funding for the project due to planned equipment purchases. When those dollars are used for equipment, the Federal strings presently attached to the funds (passed to Monticello through the State) can be minimized and ultimately released at the time of Bondhus' loan repayments back to the EDA. The budgetary impact related to consideration of the EDA-SCDP loan request is to the loan fund itsel£ The fund currently has $505,000 +/- available to loan out. This request is for $200,000 or approximately 39 percent of the available dollars in the EDA-SCDP program. The balance of the fund after the loan is completed would be $305,000 +/-. Staff will collaborate with Finance staff to set up the appropriate separate repayment account allowing clear accounting of the "string-less" dollars. A3. STRATEGIC PLAN IMPACT: Supporting Bondhus' expansion proposal through the EDA-SCDP Loan aligns with City's adopted Strategic Goal #4 "Support A Vibrant Economy" in that the development will increase the community's economic vitality through additional real property investments and also by adding more good paying stable jobs. 2 EDA Agenda: 5/09/18 B. ALTERNATIVE ACTIONS: L Motion to adopt Resolution #2018-09 approving EDA-SCDP Loan Agreement including Business Subsidy Agreement, in the amount of $200,000, with Bondhus Corporation in connection with a manufacturing facility expansion proj ect. 2. Motion to deny adoption of Resolution #2018-09 related to EDA-SCDP Loan Agreement including Business Subsidy Agreement, in the amount of $200,000, with Bondhus Corporation in connection with a manufacturing plant expansion. 3. Motion to table consideration of Resolution #2018-09 for further research or discussion. C. STAFF RECOMMENDATION: Staff recommends Alternative #1. The EDA goals are to support implementation of the Comprehensive Plan related to economic development efforts in the realm of job creation/retention and tax base expansion. Bondhus' expansion aligns with a couple of those obj ectives through more investment into its current facilities and by adding 15 new FTE living wage jobs. Additional benefits include increased economic activity, additional spin-off business for area manufacturers and suppliers and increased local property tax revenue. Bondhus is pursing the financing in a strategic move to expand its product line and further grow its market share. The underwriting process and review of the submitted proforma indicates it has the ability to service additional debt for the expansion. The EDA- SCDP Fund has sufficient dollars to easily consider the $200,000 loan request. SUPPORTING DATA: A. Public Hearing Notice B. Business Subsidy Summary C. Resolution #2018-09 D. Loan Agreement including Business Subsidy Agreement E. Evidence of 10 percent Equity Contribution F. Request for Extension of Funding Draw Timeline G. Financial Debt Service References H. EDA-SCDP Loan Application CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY NOTICE OF PUBLIC HEARING Notice is hereby given that the Board of Commissioners of the City of Monticello Economic Development Authority ("EDA") will meet at or after 6:00 p.m. on Wednesday, May 9, 2018 at City Hall, 505 Walnut Avenue, in the City of Monticello, Minnesota, to conduct a public hearing regarding a proposed business subsidy to be granted to Bondhus Corporation (the "Developer") under Minnesota Statutes, Sections 116J.993 to 116J.995, as amended (the "Business Subsidy Act"), in connection with a proposed expansion of the Developer's existing manufacturing facility. The EDA will consider a low-interest loan to finance a portion of the Developer's cost of acquisition of equipment, in the principal amount of $200,000. A summary of the terms of the proposed business subsidy is available for inspection at City Hall during regular business hours on and after the date of this notice. Any person with a residence in the City or who is the owner of taxable property in the City may file a written complaint with the Board of Commissioners if the Board of Commissioners fails to comply with the Business Subsidy Act. No action may be filed against the Economic Development Authority for the failure to comply unless a written complaint is filed. Any person wishing to express an opinion on the matters to be considered at the public hearing will be heard orally or in writing. Dated: [April 26, 2018] BY ORDER OF THE BOARD OF COMMISSIONERS, CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY /s/ Jim Thares Executive Director 368893v1 MNI MN190-1 Business Subsidy Agreement Summary ��ndh�� a�pA�a�s�� p��sa� P�a�� April 26, 2018 A Loan request in excess of $150,000 triggers the State's Business Subsidy public hearing requirement per Minnesota Statutes, Sections 116J.993 to 116J.995, as amended (the "Business Subsidy AcY'), Prolect Description Overview: Bondhus Corporation is requesting a$200,000 loan from the EDA-SCDP Loan Fund to help finance an expansion of its manufacturing facility located at 1400 East Broadway. To accommodate the manufacturing and packaging of an additional product line, the company is planning to add a 12,400 square foot addition onto the east end of the existing 60,000 sq. ft. building. Extensive regrading and shaping of the east lot will be required to provide easy access for delivery and pickup services. The west parking lot will be expanded to accommodate additional staff and to facilitate the separation of employee vehicle traffic, which will be clustered on the west end of the building, from the truck traffic which will be confined to the east end of the building. Bondhus examined purchasing other firms in locations outside of Monticello to pursue the new tool line and came to the conclusion that it makes the most sense to establish this work in Monticello and grow it here. As part of the expansion project, Bondhus plans to purchase approximately $500,000 of new equipment and also create 15 new jobs. It recently submitted a Job Creation Fund (JCF) grant application in the amount of $195,000 to MN-DEED for reimbursement of its real property capital expenditures and a portion of wages related to 15 new jobs to be created over a five (5) year period. The JCF application required City Council support through a Resolution endorsing the expansion project. The total cost of the proposed expansion project is expected to be $2,334,000. Bondhus is indicating that it will need both the EDA-SCDP loan and the State JCF funding in order to fill a funding gap to allow the total project investment to cash flow. The SCDP loan dollars will be used for equipment purchases while the JCF dollars will be used to reimburse Bondhus for real property improvements at a rate of 5 percent of expenditures. Additional JCF dollars will be paid to Bondhus over five (5) years as it verifies annually that it has created and retained 15 new FTE jobs in addition to its current 86 FTE jobs. Bondhus is contributing $250,000 (10.7 percent) in equity toward the project. It has already spent approximately $75,000 on feasibility planning design and engineering studies to accommodate the proposed expansion. The expansion project's funding sources and uses are shown below. Prolect Financin� Overview Fundin� Sources and Uses Sources Amount % Security Position Harris Bank $1,884,000 80.8 RE Mort-Equip./Assets EDA-SCDP Loan $ 200,000 8.5 UCC 2nd Lien Owner-Equity Capital $ 250,000 10.7 N/A Total Sources $2,334,000 100.0 Uses Building and Grounds a. East addition: Two floors, heavy construction @12,400 sq ft total (Including basic electric service, lighting and HVAC) b. New West parking lot plus mill & recoat existing lot c. Re-side West and North faces of existing building (stop at new precast) d. E�ensive grading and contouring e. Replace main entrance doors and glass above f. Additional restrooms Sub Total Building Amou 1,530,000 136,000 100,000 40, 000 10, 000 20, 000 $1,836,000 Equipment and Machinery g. Compressor + electrical 60,000 h. Tormaxturning machines 125,000 i. Cut off system 48,000 j. Milling machines 90,000 k. One small heat treat furnace 100,000 I. Contingency 75,000 Sub Total Machinerv $498,000 Total Uses $2,334,000 I��-��P dA�� '�g�'m� la In�gr��t r��a aa� ��r�gnt bgl�w �rirr�g =�a7� �agr�gn� �a ��n Tgrme �A �g�r� �r �aA m�n�hs 3e Frg��gn�� Af ��n Pa�mgn��a Nl�n�hl� �i� tlrr�g� �gr �g�r� f�r ��I �f i�A m�n�h� 4e Am��sa�t�s�nA FuII�D sglf-�m�t�saan� I��n ��gr �� man�h�D �Igfgrrg�l �ran�l��l �nd int�r��t p��rr�gn�� ntil A�aril �g �A�9a ��an dr��rs �r� gx�g�� ta ��r in �l�n�aar� thr��agh F�I�r��r� �A�9�a 5, ��n ��ri�m Aa I�� FII1�� f��' ��"� �1�11 A�7 ��AODA�� ++ af ��ar��l� g��i�rr>gnt ��f�l lif� �f g��i�rrt�nt i� �A + ��r�� a ��r�ara�� ar�n�� 6e �Ab Cr��i�n �n�l lAl�gg ��I�a �5 ngw FT� �� wi�h �egr�� w��g� �f ��a�� gr hA�rm �g� ��t��h�� hg�t f�r d�tail� �n �� ng�v FT� ��a Rg�un�i�n �f �6 �aci�ting �� b� �t nA�ntic�lla fa�ilit� I��g� �t �4AA �� Br��v��e 7a ��i�a�al��d Pgrf�rrrnan�� Pgri��l t� rr�g�� ol� �re��i�n�rgtentian ��I�a fi�g d�� g�r� fr�rr� d�t� �f I��n cla�in�m EDA RESOLUTION NO. 2018-08 RESOLUTION APPROVING A LOAN AGREEMENT BETWEEN THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY AND BONDHUS CORPORATION, INCLUDING A BUSINESS SUBSIDY BE IT RESOLVED BY the Board of Commissioners ("Board") of the City of Monticello Economic Development Authority (the "Authority") as follows: Section 1. Recitals. 1.01. The Authority is a grantor as defined in Minnesota Statutes, Sections 116J.993 to 116J.995, as amended (the "Business Subsidy Act"), and is authorized to grant financial assistance to private development, including loans. 1.02. The Authority and Bondhus Corporation (the `Borrower") desire to enter into a loan agreement (the "Loan Agreement") for a Small Cities Development Program Loan to be used for the acquisition of certain equipment to be used in connection with the construction and equipping of an expansion to the Borrower's existing hand tool manufacturing facility in the City of Monticello (the "Equipment"). 1.03. Pursuant to the Loan Agreement, the Authority will loan to the Borrower the sum of $200,000 (the "Loan"), evidenced by a promissory note (the "Note"), a corporate guaranty of Bondhus Corporation (the "Guaranty"), and a Security Agreement (the "Security Agreement"), to be executed and delivered to the Authority by the Borrower. 1.04. The terms of the Loan Agreement and Note shall conform to the Authority's written Business Subsidy Policy, including a five-year operational requirement and the inclusion of job and wage requirements. 1.04. On the date hereof, the Authority held a duly noticed public hearing on the Loan Agreement, including the business subsidy agreement contained therein, at which all interested persons were given an opportunity to be heard. Section 2. Loan A�reement and Note A�proved. 2.01. The Authority hereby approves the Loan Agreement, the Note, the Guaranty, and the Security Agreement in substantially the form presented to the Board, subject to approval of the business subsidy contained in the Loan Agreement by the City Council of the City. The Authority further authorizes execution of the Loan Agreement and all documents prepared in connection therewith, subject to modifications that do not alter the substance of the transaction and that are approved by the President and Executive Director, provided that execution of the Amendment by such officials shall be conclusive evidence of approval. 1 522614v1 MNI MN325-39 Approved this 9th day of May, 2018, by the Board of Commissioners of the City of Monticello Economic Development Authority. President ATTEST: Executive Director 522614v1 MNI MN325-39 LOAN AGREEMENT This Loan Agreement ("Agreement") is made this day of May, 2018, between Bondhus Corporation, a Minnesota corporation ("Borrower") and the City of Monticello Economic Development Authority ("Lender"), a public body corporate and politic under the laws of Minnesota. RECITALS A. In consideration for the loan contemplated by this Agreement, Borrower is executing and delivering to Lender this Loan Agreement. B. Lender agrees to loan to Borrower the maximum amount of $200,000 to pay a portion of the costs of certain equipment necessary for the expansion of Borrower's hand tool manufacturing facility (the "Facility") located in the City of Monticello, Minnesota (the "City"), which equipment is listed at Exhibit A hereto (the "Equipment"). ACCORDINGLY, to induce Lender to make the Loan to Borrower, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. The Loan Amount. Subj ect to and upon the terms and conditions of this Agreement, Lender agrees to loan to Borrower the sum of Two Hundred Thousand and no/100ths Dollars ($200,000), or so much thereof as is disbursed to Borrower in accordance with this Agreement (the "Loan"). The Loan shall be evidenced by a promissory note ("Note") payable by Borrower to Lender and substantially in the form of Exhibit B attached to this Agreement, which shall be dated as of the date of closing on the Loan (the "Loan Closing Date"). Proceeds of the Loan shall be disbursed in accordance with Section 3 hereof. 2. Repavment of Loan. The Loan shall be repaid with interest as follows: (a) Simple interest at the rate of two and three-quarters percent (2.75%) per annum shall accrue from the date of each disbursement pursuant to each draw request, as described in Section 3 hereof, until the Loan is repaid in full. Accrued interest until the Initial Payment Date (as hereinafter defined) shall be added to principal. (b) Payments of principal and interest on amounts disbursed under the Note shall commence on April 1, 2019 (the "Initial Payment Date") and continue on the first day of each and every month thereafter until paid in full. Such payments shall fully amortize the principal and interest over ten (10) years, provided that the final unpaid balance of principal and interest shall be due and payable on the first day of the one hundred twentieth (120m) month following the Loan Closing Date. 521675v2 MNI MN325-6 1 3. Disbursement of Loan Proceeds. (a) The Loan proceeds shall be paid to Borrower in accordance with the terms and conditions of this Agreement. Notwithstanding anything to the contrary herein, if the cost of the Equipment exceeds the amount to be reimbursed under this Agreement, such excess shall be the sole responsibility of the Borrower. (b) All disbursements of proceeds of the Loan will be made subject to the conditions precedent that prior to the date of such disbursement: (i) The Lender has received from Borrower, without expense to Lender, executed copies of this Agreement and the Note, and Borrower further having caused to be executed and delivered to Lender a security agreement in substantially the form set forth hereto at Exhibit C(the "Security Agreement") and a corporate guaranty of Bondhus Corporation in substantially the form set forth hereto at Exhibit D (the "Guaranty"); (ii) The Lender has received a written statement from the Borrower's authorized representative certifying with respect to each payment: (a) that none of the items for which the payment is proposed to be made has formed the basis for any payment previously made under this Section (or before the date of this Agreement); and (b) that each item for which the payment is proposed is included in the Equipment; (iii) Borrower has provided evidence satisfactory to Lender that Borrower has established a separate accounting system for the exclusive purpose of recording the receipt and expenditure of the Loan proceeds; (iv) Borrower has paid $500 to Lender as a loan origination fee; (v) Borrower has paid to Lender the full amount of the legal fees incurred by Lender in the negotiation and preparation of this Agreement and any other agreement or instrument securing the Loan; and (vi) No Event of Default shall have occurred and be continuing. (c) Whenever the Borrower desires a disbursement to be made hereunder, which shall be no more often than weekly, the Borrower shall submit to the Lender a draw request in the form attached as Exhibit E duly executed on behalf of the Borrower, accompanied by paid invoices or other comparable evidence that the cost has been incurred and paid or is payable by Borrower. Each draw request shall constitute a representation and warranty by the Borrower that all representations and warranties set forth in this Agreement are true and correct as of the date of such draw request. (d) If the Borrower has performed all of its agreements and complied with all requirements to be performed or complied with hereunder, including satisfaction of all applicable conditions precedent contained in this Section, the Lender shall make a 521675v2 MNI MN325-6 2 disbursement to the Borrower in the amount of the requested disbursement or such lesser amount as shall be approved, within twenty days after the date of the Lender's receipt of the draw request. 4. Business Subsidv A�reement. The provisions of this Section constitute the business subsidy agreement for the purposes of the Business Subsidy Act. (a) General Terms. The parties agree and represent to each other as follows: (1) The subsidy provided to the Borrower consists of the Loan, representing a total subsidy of $200,000. (2) The public purposes of the subsidy are to facilitate an expansion to the Facility in the City, increase net jobs in the City and the State, and increase the tax base of the City and the State. (3) The goals for the subsidy are: to secure development of the expansion of the Facility and acquisition of the Equipment on the Property; to maintain the Facility as a hand tool manufacturing facility for the time period described in clause (6) below; and to create the jobs and wage levels in accordance with Section 4(b) hereof. (4) If the goals described in clause (3) are not met, the Borrower must make the payments to the Lender described in Section 4(c). (5) The subsidy is needed to mitigate the cost of the Equipment needed for the expansion of the e�sting Facility in the City. (6) The Borrower must continue operation of the Facility as a"Qualified Facility" for at least five (5) years after the Benefit Date (defined hereinafter). The term Qualified Facility means a facility for the manufacture of hand tools. The Facility will be a Qualified Facility as long as it is operated by Borrower for the aforementioned qualified uses. During any period when the Facility is vacant and not operated for the aforementioned qualified uses, the Facility will not constitute a Qualified Facility. (7) The Borrower certifies that it does not have a parent company. (8) The Borrower expects to receive additional financial assistance in the form of a grant from the State of Minnesota through its Job Creation Fund, in connection with the expansion of the Facility. (b) .Iob and Wage Goals. The `Benefit Date" of the assistance provided in this Agreement is the Loan Closing Date. By the Compliance Date, which is the date two (2) years after the Benefit Date, the Borrower shall (i) create at least 15 full-time equivalent jobs at the Facility, and (ii) cause the average hourly wage of the 15 created jobs to be at least $21.00 per hour, exclusive of benefits. Notwithstanding anything to the contrary herein, if the wage and job goals described in this paragraph are met by the Compliance Date, those goals are deemed satisfied as of the date such 521675v2 MNI MN325-6 wage and job goals are met, despite the Developer's continuing obligations under Sections 4(a)(6) and 4(d). The Lender may, after a public hearing extend the Compliance Date by up to one year, provided that nothing in this section will be construed to limit the Lender's legislative discretion regarding this matter. (c) Remedies. If the Borrower fails to meet the goals described in Section 4(a)(3), the Borrower shall repay to the Lender upon written demand from the Lender a"pro rata share" of the outstanding principal amount of the Note. The term "pro rata share" means percentages calculated as follows: (i) if the failure relates to the number of jobs, the jobs required less the jobs created, divided by the jobs required; (ii) if the failure relates to wages, the number of jobs required less the number of jobs that meet the required wages, divided by the number of jobs required; (iii) if the failure relates to maintenance of the Facility as a Qualified Facility in accordance with Section 4(a)(6), 60 less the number of months of operation as a Qualified Facility (where any month in which the Qualified Facility is in operation for at least 15 days constitutes a month of operation), commencing on the Benefit Date and ending with the date the Qualified Facility ceases operation as determined by the Lender, divided by 60; and (iv) if more than one of clauses (i) through (iii) apply, the sum of the applicable percentages, not to exceed 100%. Nothing in this Section shall be construed to limit the Lender's remedies under Section 7 hereo£ In addition to the remedy described in this Section and any other remedy available to the Lender for failure to meet the goals stated in Section 4(a)(3), the Borrower agrees and understands that it may not a receive a business subsidy from the Lender or any grantor (as defined in the Business Subsidy Act) for a period of five (5) years from the date of the failure or until the Borrower satisfies its repayment obligation under this Section, whichever occurs first. (d) Reports. The Borrower must submit to the Lender a written report regarding business subsidy goals and results by no later than February 1 of each year following the Loan Closing Date and continuing until the later of (i) the date the goals stated Section 4(a)(3) are met; (ii) 30 days after expiration of the period described in Section 4(a)(6); or (iii) if the goals are not met, the date the subsidy is repaid in accordance with Section 4(c). The report must comply with Section 1167.994, subdivision 7 of the Business Subsidy Act. The Lender will provide information to the Borrower regarding the required forms. If the Borrower fails to timely file any report required under this Section, the Lender will mail the Borrower a warning within one week after the required filing date. If, after 14 days of the postmarked date of the warning the Borrower fails to provide a report, the Borrower must pay to the Lender a penalty of $100 for each subsequent day until the report is filed. The maximum aggregate penalty payable under this Section is $1,000. Representations and Warranties. Borrower represents and warrants to Lender that: 521675v2 MNI MN325-6 4 (a) Borrower is duly authorized and empowered to execute, deliver, and perform this Agreement and to borrow money from Lender. (b) The execution and delivery of this Agreement, and the performance by Borrower of its obligations hereunder, do not and will not violate or conflict with any provision of law and do not and will not violate or conflict with, or cause any default or event of default to occur under, any agreement binding upon Borrower. (c) The execution and delivery of this Agreement has been duly approved by all necessary action of Borrower, and this Agreement has in fact been duly executed and delivered by Borrower and constitutes its lawful and binding obligation, legally enforceable against it. (d) Borrower warrants that it shall keep and maintain books, records, and other documents relating directly to the receipt and disbursements of Loan proceeds and that any duly authorized representative of Lender shall, at all reasonable times, have access to and the right to inspect, copy, audit, and examine all such books, records, and other documents of Borrower pertaining to the Loan until the completion of all closeout procedures and the final settlement and conclusion of all issues arising out of this Loan. (e) Borrower warrants that it has fully complied with all applicable state and federal laws pertaining to its business and will continue to comply throughout the terms of this Agreement. If at any time Borrower receives notice of noncompliance from any governmental entity, Borrower agrees to take any necessary action to comply with the state or federal law in question. (� Borrower warrants that it will use the proceeds of the Loan made by Lender solely for the Equipment. (g) Borrower warrants that it will not create, permit to be created, or allow to exist any liens, charges, or encumbrances prior to the obligation created by this Loan Agreement, except as otherwise authorized in writing by Lender. 6. Event of Default by Borrower. The following shall be Events of Default under this Agreement: (a) failure to pay any principal or interest on the Loan when due; (b) any representation or warranty made by Borrower herein or in any document, instrument, or certificate given in connection with this Agreement, the Note, the Security Agreement, or the Guaranty is false when made; (c) Borrower fails to pay its debts as they become due, makes an assignment for the benefit of its creditors, admits in writing its inability to pay its debts as they become due, files a petition under any chapter of the Federal Bankruptcy Code or any similar law, state or federal, now or hereafter existing becomes "insolvent" as that term is generally defined 521675v2 MNI MN325-6 5 under the Federal Bankruptcy Code, files an answer admitting insolvency or inability to pay its debts as they become due in any involuntary bankruptcy case commenced against it, or fails to obtain a dismissal of such case within thirty (30) days after its commencement or convert the case from one chapter of the Federal Bankruptcy Code to another chapter, or be the subject of an order for relief in such bankruptcy case, or be adjudged a bankrupt or insolvent, or has a custodian, trustee, or receiver appointed for, or has any court take jurisdiction of its property, or any part thereof, in any proceeding for the purpose of reorganization, arrangement, dissolution, or liquidation, and such custodian, trustee, or receiver is not discharged, or such jurisdiction is not relinquished, vacated, or stayed within thirty (30) days of the appointment; (d) a garnishment summons or writ of attachment is issued against or served upon Lender for the attachment of any property of Borrower in Lender's possession or any indebtedness owing to Borrower, unless appropriate papers are filed by Borrower contesting the same within thirty (30) days after the date of such service or such shorter period of time as may be reasonable in the circumstances; (e) any breach or failure of Borrower to perform any other term or condition of this Agreement not specifically described as an Event of Default in this Agreement and such breach or failure continues for a period of thirty (30) days after Lender has given written notice to Borrower specifying such default or breach, unless Lender agrees in writing to an e�tension of such time prior to its expiration; provided, however, if the failure stated in the notice cannot be corrected within the applicable period, Lender will not unreasonably withhold its consent to an extension of such time if corrective action is instituted by Borrower within the applicable period and is being diligently pursued until the Default is corrected, but no such extension shall be given for an Event of Default that can be cured by the payment of money (i.e., payment of taxes, insurance premiums, or other amounts required to be paid hereunder); (� any breach by Borrower of any other agreement between Borrower, and Lender, or the City. 7. Lender's Remedies upon Borrower's Default. Upon an Event of Default by Borrower and after provision by Lender of written notice, Lender shall have the right to exercise any or all of the following remedies (and any other rights and remedies available to it): (a) declare the principal amount of the Loan and any accrued interest thereon to be immediately due and payable upon providing written notice to Borrower; (b) suspend its performance under this Loan Agreement; (c) take any action provided for at law to enforce compliance by Borrower with the terms of this Agreement and the Note; (d) exercise its rights under the Security Agreement and/or Guaranty. 521675v2 MNI MN325-6 6 In addition to any other amounts due on the Loan, and without waiving any other right of Lender under any this Agreement or any other instrument securing the Loan applicable documents, Borrower shall pay to Lender a late fee of $250 for any payment not received in full by Lender within 30 calendar days of the date on which it is due. Furthermore, interest will continue to accrue on any amount due until the date on which it is paid to Lender, and all such interest will be due and payable at the same time as the amount on which it has accrued. 8. Lender's Costs of Enforcement of A�reement. If an Event of Default has occurred as provided herein, then upon demand by Lender, Borrower shall pay or reimburse Lender for all expenses, including all attorneys fees and expenses incurred by Lender in connection with the enforcement of this Agreement and the Note, or in connection with the protection or enforcement of the interests and collateral security of Lender in any litigation or bankruptcy or insolvency proceeding or in any action or proceeding relating in any way to the transactions contemplated by this Agreement. 9. Indemnification. (a) Borrower shall and does hereby agree to indemnify against and to hold Lender, and its officers, agents, and employees, harmless of and from any and all liability, loss, or damage that it may incur under or by reason of this Agreement, and of and from any and all claims and demands whatsoever that may be asserted against Lender by reason of any alleged obligations or undertakings on its part to perform or discharge any of the terms, covenants, or agreements contained herein. (b) Should Lender, or its officers, agents, or employees incur any such liability or be required to defend against any claims or demands pursuant to this Section, or should a judgment be entered against Lender, the amount thereof, including costs, expenses, and attorneys fees, shall bear interest thereon at the rate then in effect on the Note, shall be secured hereby, shall be added to the Loan, and Borrower shall reimburse Lender for the same immediately upon demand, and upon the failure of Borrower to do so, Lender may declare the Loan immediately due and payable. (c) This indemnification and hold harmless provision shall survive the execution, delivery, and performance of this Agreement and the creation and payment of any indebtedness to Lender. Borrower waives notice of the acceptance of this Agreement by Lender. (d) Nothing in this Agreement shall constitute a waiver of or limitation on any immunity from or limitation on liability to which Borrower is entitled under law. 10. Miscellaneous. (a) Waiver. The performance or observance of any promise or condition set forth in this Agreement may be waived, amended, or modified only by a writing signed by Borrower and Lender. No delay in the exercise of any power, right, or remedy operates as a waiver thereof, nor shall any single or partial exercise of any other power, right, or remedy. 521675v2 MNI MN325-6 7 (b) Assi�nment. This Agreement shall be binding upon Borrower and its successors and assigns and shall inure to the benefit of Lender and its successors and assigns. All rights and powers specifically conferred upon Lender may be transferred or delegated by Lender to any of its successors and assigns. Borrower's rights and obligations under this Agreement may be assigned only when such assignment is approved in writing by Lender. (c) Governin� Law. This Agreement is made and shall be governed in all respects by the laws of the state of Minnesota. Any disputes, controversies, or claims arising out of this Agreement shall be heard in the state or federal courts of Minnesota, and all parties to this Agreement waive any objection to the jurisdiction of these courts, whether based on convenience or otherwise. (d) Severabilitv. If any provision or application of this Agreement is held unlawful or unenforceable in any respect, such illegality or unenforceability shall not affect other provisions or applications that can be given effect, and this Agreement shall be construed as if the unlawful or unenforceable provision or application had never been contained herein or prescribed hereby. (e) Notice. All notices required hereunder shall be given by depositing in the U. S. mail, postage prepaid, certified mail, return receipt requested, to the following addresses (or such other addresses as either party may notify the other): To Lender: City of Monticello Economic Development Authority 505 Walnut Street, Suite 1 Monticello, MN 55362 Attn: Executive Director To Borrower: Bondhus Corporation 1400 East Broadway Monticello, MN 55362 Attn: Mike Blackston, President (f) Termination. If the Loan is not disbursed pursuant to this Agreement by February 28, 2019, this Agreement shall terminate and neither party shall have any further obligation to the other, except that if the Loan is not disbursed because Borrower has failed to use its best efforts to comply with the conditions set forth in Section 3 of this Agreement then Borrower shall pay to Lender all reasonable attorneys fees, costs, and expenses incurred by Lender in connection with this Agreement and the Note. (g) Entire A�reement. This Agreement, together with the Exhibits hereto, which are incorporated by reference, constitutes the complete and exclusive statement of all mutual understandings between the parties with respect to this Agreement, superseding all prior or contemporaneous proposals, communications, and understandings, whether oral or written, concerning the Loan. 521675v2 MNI MN325-6 g (h) Headin�s. The headings appearing at the beginning of the several sections contained in this Agreement have been inserted for identification and reference purposes only and shall not be used in the construction and interpretation of this Agreement. (The remainder of this page is intentionally left blank.) 521675v2 MNI MN325-6 9 IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the proper officers thereunto duly authorized on the day and year first written above. CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY By: Its President By: Its Executive Director [SIGNATi JRE PAGE TO LOAN AGREEMENT - CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY] 521675v2 MNI MN325-6 1 O BONDHUS CORPORATION : Title: [SIGNATi JRE PAGE TO LOAN AGREEMENT - BONDHUS CORPORATION] 521675v2 MNI MN325-6 11 � � � � N M z � z � > � � � N � EXHIBIT B PROMISSORY NOTE -$200,000- -2.75%- 2018 Bondhus Corporation, a Minnesota corporation ("Maker"), for value received, hereby promises to pay to the City of Monticello Economic Development Authority, a public body corporate and politic under the laws of Minnesota or its assigns (Authority and any assigns are collectively referred to herein as "Holder"), at its designated principal office or such other place as the Holder may designate in writing the principal sum of Two Hundred Thousand and no/100ths Dollars ($200,000) or so much thereof as may be advanced under this Note, with interest as hereinafter provided, in any coin or currency that at the time or times of payment is legal tender for the payment of private debts in the United States of America. The principal of and interest on this Note are payable in installments due as follows: 1. Simple interest at the rate of two and three-quarters percent (2.75%) per annum shall accrue from the date of each disbursement pursuant to each draw request, as described in the loan agreement between Borrower and Lender dated as of , 2018 ("Loan Agreement") until the Loan is repaid in full. Accrued interest until the Initial Payment Date (as hereinafter defined) shall be added to principal. 2. Payments of principal and interest on amounts disbursed under this Note shall commence on April 1, 2019 (the "Initial Payment Date") and continue on the first day of each and every month thereafter until paid in full. Such payments shall fully amortize the principal and interest over ten (10) years, provided that the final unpaid balance of principal and interest shall be due and payable on the first day of the one hundred twentieth (120m) month following the date of this Note. 3. The Maker shall have the right to prepay the principal of this Note, in whole or in part, with interest accrued to the date of such prepayment, on any date a principal and interest payment is due and payable. 4. This Note is given pursuant to the Loan Agreement, a security agreement of even date herewith delivered by Borrower (the "Security Agreement"), and a corporate guaranty of Bondhus Corporation (the "Guaranty"). If any such security is found to be invalid for whatever reason, such invalidity shall constitute an Event of Default hereunder. All of the agreements, conditions, covenants, provisions, and stipulations contained in the Loan Agreement, the Security Agreement, the Guaranty, or any other instrument securing this Note 521675v2 MNI MN325-6 B-1 are hereby made a part of this Note to the same e�tent and with the same force and effect as if they were fully set forth herein. It is agreed that time is of the essence of this Note. If an Event of Default occurs under the Loan Agreement, the Security Agreement, the Guaranty, or any other instrument securing this Note, then the Holder of this Note may at its right and option, without notice, declare immediately due and payable the principal balance of this Note and interest accrued thereon, together with reasonable attorneys fees and expenses incurred by the Holder of this Note in collecting or enforcing payment hereof, whether by lawsuit or otherwise, and all other sums due hereunder or any instrument securing this Note. The Maker of this Note agrees that the Holder of this Note may, without notice to and without affecting the liability of the Maker, accept additional or substitute security for this Note, or release any security or any party liable for this Note or extend or renew this Note. 5. The remedies of the Holder of this Note as provided herein, and in the Loan Agreement, the Security Agreement, the Guaranty, or any other instrument securing this Note shall be cumulative and concurrent and may be pursued singly, successively, or together, and, at the sole discretion of the Holder of this Note, may be exercised as often as occasion therefor shall occur; and the failure to exercise any such right or remedy shall in no event be construed as a waiver or release thereof. The Holder of this Note shall not be deemed, by any act of omission or commission, to have waived any of its rights or remedies hereunder unless such waiver is in writing and signed by the Holder and then only to the e�tent specifically set forth in the writing. A waiver with reference to one event sha11 not be construed as continuing or as a bar to or waiver of any right or remedy as to a subsequent event. This Note may not be amended, modified, or changed except only by an instrument in writing signed by the party against whom enforcement of any such amendment, modifications, or change is sought. 6. If any term of this Note, or the application thereof to any person or circumstances shall, to any extent, be invalid or unenforceable, the remainder of this Note, or the application of such term to persons or circumstances other than those to which it is invalid or unenforceable shall not be affected thereby, and each term of this Note shall be valid and enforceable to the fullest e�tent permitted by law. 7. It is intended that this Note is made with reference to and shall be construed as a Minnesota contract and is governed by the laws thereo£ Any disputes, controversies, or claims arising out of this Note shall be heard in the state or federal courts of Minnesota, and all parties to this Note waive any objection to the jurisdiction of these courts, whether based on convenience or otherwise. 8. The performance or observance of any promise or condition set forth in this Note may be waived, amended, or modified only by a writing signed by the Maker and the Holder. No delay in the exercise of any power, right, or remedy operates as a waiver thereof, nor shall any single or partial exercise of any other power, right, or remedy. 521675v2 MNI MN325-6 B_2 9. TT IS HEREBY CERTIFIED AND RECTTED that all conditions, acts, and things required to e�st, happen, and be performed precedent to or in the issuance of this Note do exist, have happened, and have been performed in regular and due form as required by law. IN WITNESS WHEREOF, the Maker has caused this Note to be duly executed as of the _ day of 2018. BONDHUS CORPORATION I� Title: [SIGNATURE PAGE FOR PROMISSORY NOTE - BONDHUS CORPORATION] 521675v2 MNI MN325-6 B-3 EXHIBIT C SECURITY AGREEMENT THIS SECURITY AGREEMENT, dated as of , 2018, is made and entered into by and between BONDHUS CORPORATION (the "Debtor"), a Minnesota corporation with its principal place of business at 1400 East Broadway, Monticello, Minnesota 55362 and the CTTY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORTI'Y (the "Secured Party"), a public body corporate and politic, with its principal place of business at 505 Walnut Street, Suite 1, Monticello, Minnesota 55362. 1. Securitv Interest and Collateral. To secure the payment of that certain Promissory Note in the original aggregate principal amount of $200,000, issued pursuant to a Loan Agreement dated as of , 2018 (the "Loan Agreement"), between the Secured Party and the Debtor, the proceeds of which will be applied to the acquisition of certain equipment for use at a facility for the manufacture of hand tools owned by the Debtor and located in the City of Monticello, Minnesota (the "Facility"), the Debtor hereby grants the Secured Party a security interest (herein called the "Security Interest") in the following property (herein called the "Equipment"): any and all machinery and equipment installed in, attached to, or used in connection with the Facility, as described in Exhibit A hereto, together with all parts, additions, replacements, and repairs to the Equipment now or hereafter installed in, attached to, or used in the Facility, and the proceeds thereof (collectively with the Equipment, the "Collateral"). 2. Debtor's Representations, Warranties, and Covenants. Debtor represents, warrants, covenants, and agrees as follows: (a) Or�anization. The Debtor is a Minnesota corporation, and Debtor has full power and authority to execute, deliver, and perform this Security Agreement, and to own its property and conduct its business as presently conducted and as proposed to be conducted. (b) Authorization. The execution, delivery, and performance of this Security Agreement by the Debtor has been duly authorized by all necessary action and will not: (i) require any consent or approval of any entity which has not been obtained; or (ii) violate any material provision of any indenture, contract, agreement or instrument to which Debtor is a party or by which it is bound. (c) Performance bv Debtor. Unless Debtor obtains Secured Party's written consent to the contrary, or except as provided in the Loan Agreement, Debtor shall not: 521675v2 MNI MN325-6 C-1 (i) terminate its interest in any of the Collateral; or (ii) sell, transfer, or assign, or offer to sell, transfer or assign all or any part of the Collateral or permit all or any part of the Collateral to be sold, transferred, or assigned; or (iii) remove or consent to the removal of any of the Equipment from the Facility. (d) Title to Collateral. Debtor shall keep good marketable title to all of the Collateral, and none of the Collateral is subject to any lien or security interest except for the security interest created by this Security Agreement and other security interests consented to in writing by Secured Party. Debtor has not granted, and will not grant or permit to exist, any lien or security interests in all or a portion of the Collateral other than the liens in favor of Secured Party and other liens consented to in writing by Secured Party. Debtor shall defend the Collateral against all claims and demands of all and any other persons at any time claiming any interest therein adverse to Secured Party. (e) Actions and Proceedin�s. There are no actions at law, suits in equity, or other proceedings before any governmental agency, commission, bureau, tribunal, or other arbitration proceedings against or affecting Debtor, that if adversely determined would adversely affect Debtor's interest in the Collateral or would adversely affect the rights of Debtor to pledge and assign all or a part of the Collateral or the rights and security afforded Secured Party hereunder. (f) Insurance. The Debtor agrees it will keep the Equipment insured, or cause the Equipment to be kept insured, at all times against loss by fire or other hazards concerning which, in the judgment of the Secured Party, insurance protection is reasonably necessary and in amounts sufficient to protect against loss or damage of the Equipment. Such policy or policies will contain a loss payable clause in favor of Secured Party or its successors or assigns, in form satisfactory to Secured Party, provided, however, that Debtor may, at its reasonable discretion, self-insure the Equipment. (g) No Fixture. If any of the Collateral is or becomes a fixture, Debtor agrees to furnish Secured Party, at Secured Party's request, with a statement or statements signed by all persons who have or claim an interest in the real estate concerned, which statements shall provide that the signer consents to the security interest created hereby and disclaims any interest in the Collateral as fixtures. (h) Understandin�s Re�ardin� Collateral. Debtor acknowledges that the Collateral is or will be of the design, capacity, and manufacture specified for and by Debtor, and that Debtor is satisfied that the same is or will be suitable for its intended purposes. Debtor further acknowledges and agrees that Secured Party has not made, and does not make, any representation, warranty, or covenant with respect to merchantability, fitness for any purpose, durability, patent, copyright or trademark infringement, suitability, or capability of any item of Collateral in any respect or in connection with any other purpose or use of Debtor, or any other representation, warranty, or covenant of any kind or character expressed or implied with respect thereto. Debtor accordingly agrees not to assert any claim whatsoever against Secured Party 521675v2 MNI MN325-6 C-2 based thereon. Debtor further agrees, regardless of cause, not to assert any claim whatsoever against Secured Party for loss of anticipatory profits or consequential damages. (i) Use of Collateral. The Collateral will be used for its intended business purpose and will at all times be located at the Facility, except as provided in the Loan Agreement. (j) Condition of Collateral. Debtor will keep the Collateral in good condition and repair, reasonable wear and tear excepted, and will permit Secured Party to enter the Facility at reasonable times and upon reasonable notice for the purpose of examining the Collateral. (k) Costs of Collection. In the event of any action or proceeding to collect or realize upon the Collateral or to enforce any of Secured Party's rights hereunder, the Debtor shall pay: (i) all of Secured Party's attorneys fees and legal expenses, with interest thereon, incurred by the Secured Party; (ii) all taxes, levies, insurance expenses, and costs of repairs to, or maintenance of, the Collateral; and (iii) all costs of the Secured Party reasonably incurred in taking possession of, disposing of, or preserving the Collateral after any Event of Default (defined below). 3. Event of Default. Upon the occurrence of a default in the payment of the Note, or under the terms of the Loan Agreement, this Security Agreement, or the corporate guaranty of Bondhus Corporation (the "Guaranty"), the Secured Party may exercise any remedy available to it under the terms of the Loan Agreement, the Note, this Security Agreement, or the Guaranty, and may, without limiting any other right or remedy available to it, exercise and enforce any and all rights and remedies available upon default to a secured party under the Uniform Commercial Code as enacted in the State of Minnesota, Minnesota Statutes, Chapter 336, as amended (the "UCC"), and the Secured Party and all representatives of the Secured Party are hereby granted the right to enter upon any property of the Debtor, without a hearing or prior notice thereof, for the purpose of taking possession of the Collateral. If notice to the Debtor of any intended disposition of the Collateral or any other intended action is required by law in a particular instance, such notice shall be deemed commercially reasonable if given (in the manner specified in this Security Agreement) at least ten calendar days prior to the date of the intended disposition or other action. 4. Further Assurances. The Debtor shall execute and deliver to the Secured Party, promptly and at the Debtor's expense, financing statements, including without limitation a UCC- 1 Financing Statement listing the Equipment and all proceeds thereof as collateral. Debtor agrees that the Secured Party is authorized, at its option, to file a photocopy or other reproduction of this Security Agreement as a financing statement and such photocopy or other reproduction shall be sufficient as a financing statement under the UCC, and the Debtor hereby irrevocably appoints the Secured Party as the Debtor's attorney-in-fact to execute and file, from time to time, on its behalf, one or more financing statements with respect to the Collateral and to execute such other documents and instruments on behalf of the Debtor as the Secured Party, in its sole 521675v2 MNI MN325-6 C-3 judgment, shall deem necessary or desirable for the purposes of effectuating this Security Agreement, such power being coupled with an interest. 5. Cumulative Remedies. All of the Secured Party's rights and remedies herein are cumulative and in addition to any rights or remedies available at law or in equity, including the UCC, and may be exercised concurrently or separately. The Debtor shall pay all costs, expenses, losses, damages, and legal costs (including attorneys fees) incurred by the Secured Party as a result of enforcing any terms or conditions of this Security Agreement. 6. No Liability Imposed on the Secured Party. The Secured Party shall not be obligated to perform or discharge, nor does it hereby undertake to perform or discharge, any obligation, duty, or liability, nor shall this Security Agreement operate to place responsibility for the control, care, or management of the Equipment upon Secured Party; provided, that upon payment in full of the Note, the Secured Party shall execute and file UCC termination statements in the offices in which financing statements with respect to the Collateral are effective. 7. Indemnification. The Debtor hereby agrees to indemnify and to hold the Secured Party harmless of and from any and all liability, loss, or damage which it may or might incur under or by reason of this Security Agreement, and of and from any and all claims and demands whatsoever which may be asserted against it by reason of any alleged obligations or undertakings on its part to perform or discharge any of the terms, covenants, or agreements contained herein. Should the Secured Party incur any such liability or be required to defend against any such claims or demands, or should a judgment be entered against the Secured Party, the amount thereof, including costs, expenses, and attorneys fees, shall bear interest thereon at the rate then in effect on the Note, shall be secured hereby, and shall be added to the obligations of the Debtor secured hereunder. The Debtor shall reimburse the Secured Party for such additional obligations immediately upon demand, and upon the failure of the Debtor to do so, the Secured Party may declare such additional obligations immediately due and payable. 8. Expenses of Secured Party. All expenses paid or incurred in protecting, storing warehousing insuring, handling, and shipping the Collateral, all costs of keeping the Collateral free of liens, encumbrances, and security interests (other than the security interest created by this Security Agreement), and the removing of the same and all excise, property, sales, and use taxes imposed by state, federal, or local authority on any of the Collateral or with respect to the sale thereof, shall be borne and paid for by the Debtor and if the Debtor fails to promptly pay any amounts thereof when due, the Secured Party may, at its option, but shall not be required to, pay the same, and upon such payment the same shall constitute additional obligations of the Debtor and shall bear interest at the rate specified in the Note and shall be secured by the security interests granted hereunder. 9. Continuin�ghts. The rights and powers of the Secured Party hereunder shall continue and remain in full force effect until the Note (and any additional obligations referred to in Sections 7 and 8 hereo� is paid in full. 10. Books and Records. The Debtor will permit the Secured Party, and its representatives, at reasonable times and upon reasonable notice, to examine the Debtor's books 521675v2 MNI MN325-6 C-4 and records (including data processing records and systems) with respect to the Facility and the Collateral and make copies thereof at any time and from time to time, and the Debtor will furnish such information reports to the Secured Party and its representatives regarding the Collateral as the Secured Party and its representatives may from time to time request. The Secured Party shall have the authority, at any time, to require the Debtor to place upon the Debtor's books and records relating to the Collateral and other rights to payment covered by the security interest created in this Security Agreement a notation stating that any such Collateral and other rights of payment are subj ect to a security interest in favor of the Secured Party. 11. Successors and Assi�ns. This Security Agreement and each and every covenant, agreement, and provision hereof shall be binding upon the Debtor, and its successors and assigns, and shall inure to the benefit of the Secured Party, and its successors and assigns. 12. Governin� Law. This Security Agreement is executed pursuant to and shall be governed by the laws of the State of Minnesota. 13. Severabilitv. It is the intent of this Security Agreement to confer to the Secured Party the rights and benefits hereunder to the full extent allowable by law, including all rights available under the UCC. The unenforceability or invalidity of any provisions hereof shall not render any other provision or provisions herein contained unenforceable or invalid. Any provisions judicially determined to be unenforceable shall be severable from this Security Agreement. 14. Miscellaneous. (a) Waiver. The performance or observance of any promise or condition set forth in this Security Agreement may be waived only in writing. No delay in the exercise of any power, right or remedy operates as a waiver thereof, nor shall any single or partial exercise of any other power, right or remedy. (b) Assi n� ment. This Security Agreement shall be binding upon the Debtor, and its successors and assigns, and shall inure to the benefit of the Secured Party, and its successors and assigns. All rights and powers specifically conferred upon the Secured Party may be transferred or delegated by the Secured Party to any of its successors and assigns, including any successor holder of the Note. (c) Certain Defined Terms. Capitalized terms used in this Security Agreement and defined in this Security Agreement, the Loan Agreement or the Note are used with the meanings given in this Security Agreement, the Loan Agreement or the Note. (d) Other Matters. If any provision or application of this Security Agreement is held unlawful or unenforceable in any respect, such illegality or unenforceability shall not affect other provisions or applications which can be given effect, and this Security Agreement shall be construed as if the unlawful or unenforceable provision or application had never been contained herein or prescribed hereby. All representations and warranties contained in this Security Agreement or in any other agreement between Debtor and Secured Party shall survive the 521675v2 MNI MN325-6 GS execution, delivery, and performance of this Security Agreement and the creation and payment of any indebtedness to Secured Party. Debtor waives notice of the acceptance of this Security Agreement by Secured Party. (e) Notice. All notices required hereunder shall be given by depositing in the U. S. mail, postage prepaid, certified mail, return receipt requested, to the addresses first set forth above (or such other addresses as either party may notify the other). (The remainder of this page is intentionally left blank.) 521675v2 MNI MN325-6 C-6 IN WITNESS WHEREOF, the Debtor and the Secured Party have executed this Security Agreement as of the date set forth above. BONDHUS CORPORATION I� Its THIS DOCUMENT DRAFTED BY: Kennedy & Graven, Chartered (MNI) 470 U. S. Bank Plaza 200 South Sixth Street Minneapolis, MN 55402 (612) 337-9300 521675v2 MNI MN325-6 C_7 DEBTOR'S ACKNOWLEDGMENT to the Security Agreement, dated as of , 2018 STATE OF MINNESOTA ) ) ss. COUNTY OF WRIGHT ) The foregoing instrument was acknowledged before me this day of , 2018, by , the of Bondhus Corporation, a Minnesota corporation, on behalf of the company. Notary Public 521675v2 MNI MN325-6 �_g Signature of the Secured Party with respect to the Security Agreement, dated as of � 2018. CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY By: President By: Executive Director 521675v2 MNI MN325-6 C-g SECURED PARTY'S ACKNOWLEDGMENT to the Security Agreement, dated as of , 2018 STATE OF MINNESOTA ) ) ss. COUNTY OF WRIGHT ) The foregoing instrument was acknowledged before me this day of , 2018, by and , the President and Executive Director, respectively, of the City of Monticello Economic Development Authority, a public body corporate and politic under the laws of Minnesota, on behalf of the Authority. Notary Public 521675v2 MNI MN325-6 G 1 O Ei z w � w � � � � �' z H W � a � � � a o W H � H � � � x � w � � � �, N M z � z � N > � � � N � EXHIBIT D CORPORATE GUARANTY AGREEMENT between BONDHUS CORPORATION as Guarantor, and CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY Dated as of May , 2018 521675v2 MNI MN325-6 THIS GUARANTY AGREEMENT, made and entered into as of May , 2018 (the "Guaranty"), by and between Bondhus Corporation, a Minnesota corporation, as Guarantor (the "Guarantor" or `Borrower"), and the City of Monticello Economic Development Authority, a public body corporate and politic and political subdivision of the State of Minnesota ("Authority"). The Guarantor has requested that the Authority loan to Guarantor the sum of $300,000.00 (the "Loan"), as evidenced by that certain Note (the "Note") of even date herewith between Guarantor, as maker, and the Authority as lender, pursuant to that certain Loan Agreement between the Guarantor and the Authority of even date herewith (the "Loan Agreement"). The Guarantor desires to execute this Guaranty as an inducement to the Authority to make the Loan to Guarantor. In consideration of the premises and other good and valuable consideration, the Guarantor does hereby covenant and agree with the Authority as follows: SECTION 1. Guarantv. The Guarantor hereby unconditionally guarantees the obligations of the Borrower under the Loan Agreement and Note (the "Obligations"), and agrees to pay any and all expenses incurred by the Authority in enforcing any rights under this Guaranty. No act or thing need occur to establish the liability of the Guarantor hereunder. SECTION 2. Guarantv Absolute. The Guarantor unconditionally guarantees that the Obligations will be paid in accordance with the terms of the Loan Agreement and Note, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Authority with respect thereto. Without limiting the generality of the foregoing, the liability of the Guarantor under this Guaranty shall be absolute, continuing and unconditional notwithstanding: A. any lack of validity or enforceability of the Loan Agreement, Note, or any other agreement or instrument relating to the foregoing (collectively, the "Loan Documents"); B. any extension, change in the time, manner or place of payment of, or in any other term of any of the Obligations; any extension of any payment or performance, maturity or other terms on the Loan Documents; C. any modification, alteration, substitution, destruction, condemnation, exchange, disposition, surrender, sale, cancellation, termination, release or other change, impairment, limitation, loss or discharge, in whole or in part, of any security for the Obligations as evidenced by any Loan Documents; D. any acceptance of guarantors, accommodation parties or sureties for the Obligations or any or all indebtedness or obligations evidenced by or arising from any of the Loan Documents; E. any waiver or indulgence granted to the Borrower or any other guarantor, or any 521675v2 MNI MN325-6 D-1 delay or lack of diligence in the enforcement of any Obligations or any rights under any Loan Documents, or any failure to institute proceedings, file a claim, give any required notices or otherwise protect any rights under any Loan Documents; F. any full or partial release or compromise or settlement with, or agreement not to sue the Borrower, or any other guarantor or other person liable on or under the Loan Documents; or any other release, surrender, cancellation or other discharge under any Loan Documents or the acceptance of any instrument in renewal or substitution therefor; G. any assignment, sale, pledge or other transfer of any Loan Documents; H. any manner, order or method of application of any payments or credits under any of the Loan Documents; I. any voluntary or involuntary liquidation, dissolution, sale or other disposition of all or substantially all the assets, winding up, marshalling of assets and liabilities, receivership, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization, arrangement, composition or readjustment of, or other similar event or proceeding affecting Borrower or any of its assets; 7. any change in the relationship between Guarantor and Borrower; K. any enforcement of the Loan Documents; or L. any circumstance or event of any nature whatsoever, whether similar or not to the foregoing, which might otherwise constitute a defense available to, or a discharge of, the Borrower in respect of the Obligations or the Guarantor in respect of this Guaranty. This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time payment of any of the Obligations is rescinded or must otherwise be returned by the Authority upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, all as though such payment had not been made. SECTION 3. Waivers. The Guarantor hereby waives any and all defenses and discharges available to a surety, guarantor, or accommodation co-obligor, dependent on his character as such, and the Guarantor hereby waives any and all defenses, claims and setoffs against the Authority or any other obligor, pertaining to the Loan Documents, except the defense of discharge by payment in full in respect of the Obligations. Without limiting the generality of the foregoing, the Guarantor will not assert against the Authority any defense of waiver, release, discharge in bankruptcy, statute of limitations, res judicata, statute of frauds, anti-deficiency statute, fraud, ultra vires acts, usury, illegality or unenforceability which may be available to Borrower in respect of the Loan Documents, or any setoff available against the Authority to Borrower, whether or not on account of a related transaction. The Guarantor hereby waives promptness, diligence, notice of acceptance, default or any amendment or modification, and any 521675v2 MNI MN325-6 D_2 other notice with respect to any of the Obligations, this Guaranty or any Loan Documents and any requirement that the Authority protect, secure, perfect or insure any security interest or lien or any property subject thereto or exhaust any right or take any action against the Borrower or any other person or entity, including, without limitation, any other guarantor. SECTION 4. Subro�ation. The Guarantor shall not exercise any rights which it may acquire by way of subrogation under this Guaranty, by any payment made hereunder or otherwise, until all Obligations shall have been paid in full. If any amount shall be paid to the Guarantor on account of such subrogation rights at any time when all the Obligations shall not have been paid in full, such amount shall be held in trust for the benefit of the Authority and shall forthwith be paid to the Authority to be credited and applied to the Obligations in accordance with the terms of the Loan Documents. If (a) the Guarantor shall make payment to the Authority of all or any part of the Obligations and (b) all the Obligations shall be paid in full, the Authority will, at the Guarantor's request, execute and deliver to the Guarantor appropriate documents, without recourse and without representation or warranty, other than that the Authority has not assigned its rights hereunder, necessary to evidence the transfer by subrogation to the Guarantor of an interest in the Obligations resulting from such payment by the Guarantor. SECTION 5. Representations and Warranties. The Guarantor hereby represents and warrants that it has full power and authority to enter into and perform its obligations under this Guaranty and that such execution and delivery and compliance with the terms hereof shall not contravene or constitute a default under any indenture, commitment, agreement, judgment, order or decree to which it is bound or the property of the Guarantor is subject. The Guarantor hereby further represents and warrants that all information, including, but not limited to, financial information, provided by or on behalf of the Guarantor, or to the best of its knowledge any Affiliate to the Guarantor is true and accurate. An "Affiliate" shall mean another person, entity, organization controlling controlled by or under common control with such person. SECTION 6. Amendments, Etc. No amendment or waiver of any provision of this Guaranty nor consent to any departure by the Guarantor here from shall in any event be effective unless the same shall be in writing and signed by the Authority, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. SECTION 7. Addresses for Notices. All notices and other communications in connection herewith shall be deemed made if in writing and addressed, mailed, sent by facsimile or delivered as follows: If to the Guarantor: Bondhus Corporation 1400 East Broadway Avenue Monticello, MN 55362 Attn: President If to the Authority: City of Monticello Economic Development Authority 505 Walnut Street, Suite 1 Monticello, MN 55362 Attn: Executive Director 521675v2 MNI MN325-6 D-3 or as to each party at such other address as shall be designated by such party in a written notice to the other party. All such notices and other communications shall, when mailed or sent by facsimile or delivered by commercial delivery company, respectively, shall be effective when deposited in the mail confirmation of facsimile is received or delivered by the commercial company to the other party respectively, addressed as aforesaid. SECTION 8. No Waiver; Remedies. No failure on the part of the Authority to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. SECTION 9. Continuing Guarantv. This Guaranty is a continuing guaranty and shall: (i) be binding upon the Guarantor, its successors and assigns, (ii) inure to the benefit of and be enforceable by the Authority and its successors, transferees and assigns and (iii) remain in full force and effect until payment or forgiveness in full of the Obligations pursuant to the Loan Documents, and all other amounts payable under this Guaranty. SECTION 10. Governin� Law; Severabilitv; Definitions. This Guaranty shall be governed by, and construed in accordance with, the laws of the State of Minnesota. Capitalized terms not defined herein shall have the meanings ascribed to them in the Loan Documents. If any provision of this Guaranty shall be held to be invalid by any court of competent jurisdiction, the invalidity of such provision shall not affect any remaining provisions. SECTION 11. Additional Liabilitv. The liability of the Guarantor under this Guaranty is in addition to, and not in lieu of, the Guarantor's liability to pay the Obligations under any other agreement, law, ordinance, rule or regulation. SECTION 12. Counterparts. This Guaranty may be executed in several counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 521675v2 MNI MN325-6 D-4 IN WITNESS WHEREOF, the Guarantor has caused this Guaranty to be duly executed and delivered as of the date first above written. BONDHUS CORPORATION I� Its Accepted as of , 2018 [Guarantor signature page to Corporate Guaranty Agreement dated , 2018] 521675v2 MNI MN325-6 D-S CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY By Its President By Its Executive Director [Authority signature page to Corporate Guaranty Agreement dated , 2018] 521675v2 MNI MN325-6 D-6 EXHIBIT E DRAW REQUEST TO: City of Monticello Economic Development Authority 505 Walnut Street, Suite 1 Monticello, MN 55362 Attn: Executive Director DISBURSEMENT DIRECTION The undersigned Authorized Representative of Bondhus Corporation, a Minnesota corporation (the `Borrower"), hereby authorizes and requests you to disburse from proceeds of the Loan, in accordance with the terms of the Loan Agreement between the City of Monticello Economic Development Authority ("Lender") and the Borrower, dated as of , 2018 (the "Agreement"), the following amount to the following person and for the following proper cost of the Equipment: 1. Amount: 2. Payee: 3. Purpose: all as defined and provided in the Agreement. The undersigned further certifies to the Lender that (a) none of the items for which the payment is proposed to be made has formed the basis for any payment previously made under Section 3 of the Agreement (or before the date of the Agreement); and (b) that each item for which the payment is proposed is Equipment, eligible for funding from the proceeds of the Loan. Dated: Borrower's Authorized Representative 521675v2 MNI MN325-6 E-1 "` yr.-'-'� .� ' � ,; � � �" Celebrating 50 Years 1�6� -zals Apri13O, 20i8 Jim Thares Ecanomic Development Manager City of Montieello SQS Walnut Street Moniicello, MN 55362 Good morning .�im, As we refine the dr�wings for the building addition scheduIed far this summer and fall, we are inaking changes ta some of the details af the work. Sorr�e of the changes inclvde: 1. 1�n increase in the addition size from 10,200 tQ 12,60(� square feet 2. A moze exp�nsive light gray/dark gray siding �reatment for the exi�ting building, than was orig�nally planned 3. New asphait for the entire parking and driveway areas 4. A new �xit-anly access from the East parking lot to highway 75 These cY�anges have increased the project cost slight�y and the breakdawn is now: BMO Harris $1,8$�,0�0 (S{).7y) EDA-SCDP 20Q,000 (8.5°Io) �wner Equity 250,0�0 (1Q.71%} Project Total $2,334,Q00 Please let me know ii you k�ave any q�estions Kind regards, Mike Blackston President Bondhus Carp Tel: 763-295-2162 U.S.Tnll Free: 80� 328 8310 Fax: 7fi3-295-444d �ondhus Carporation 14p0 E. Broadway, P.4. Box 660 Monticello, MN 55362 U5A �iY�b iNa 1�':.. i'�aT �! � ff �� a�� 1r'1 � � ""�„��;', � � Celebrating SD Years 19b5 -2015 May 1, 2Q18 ]im Thares Econornic Development Manager City of Monticello 505 Walnut Street Monticella, MN 55362 Re; EDA-SCDP Loan Disbursement Deadline Good morning ]im, I respectfully ask that the EDA allow us to utilize the full 1$0 day time period within which to draw on the ]van, �lus the fu11 additional 12� day periad allowed in section C.7. The recently enacted tax laws will allow Bondhus to take a 1�0% bonus depreciatipn on the equiprr�ent we will purchase with these loans proceeds, against our taxable income in 2019. V4'e anticipate purchasing the rnachinery during January and early February of 2019. Please let me kr�ow if yo� have any questions Kind regards, - � r Mike Blackston President Bondhus Carp Tel: 763-295-2162 U.S.Toll Free: 8pp-32$-83�fl Fax:763-295-44a0 Bondhus Corporation 1400 E. Broadway, P.O. Box 660 Monticeldo, MN 55362 U5A w�ww �rdl�rvs.�om ��: �� May 1, 2018 CREDIT REFERENCES BANK BMO Harris Bank, NA 50 South Sixth Street, Suite 1000 Minneapolis, MN 55402 F� �61z� 9o4-solo TEL �61z� 9o4-s96z Scott Singer REFERENCES Precision Kidd Steel Co One Quality Way Aliquippa, PA 15001 FAX (724) 375-6685 TEL 1-800-438-1303 Reo Plastics, Inc. 11850 93"iAvenue N Maple Grove, MN 55369 FAX (763) 425-0735 TEL (763) 425-0735 F & M Plastics 503 Simmon Drive Osceola, WI 54020 FAX (715)294-4794 TEL(715)294-4790 CONTACT: Deb Danielson, Accts Payable ddanielson(cr�,bondhus.com 763-295-2162 ext. 112 763-295-4440 fax FED ID# 41-0943206 D&B # 042302331 ''�I' �---� .� � � �, � ��_ � �'�� ,�� ;�� -�.� ��: �- �' CelebratiRg SO Years 1965-2015 March 21, 2018 Jim Thares City of Monticello 505 Walnut Street Monticello, Mn 55362 Re: Small Cities Economic Development Loan Fund Dear Mr. Thares, Please accept this application and request for a loan from the Small Cities Economic Development Loan Fund to assist us with the expansion planned for 2018. We have an opportunity to bring the manufacturing of a hand tool product line to Monticello, Minnesota. These tools are currently almost exclusively made in China. We are asking for help to expand our existing manufacturing plant in Monticello, Minnesota in order to manufacture these tools in the US. We are asking for $200,000 from the Small Cities Economic Development Fund to help enable this project to move forward. If there are any questions about this application, please don't hesitate to contact me. Kind regards, Mike Blackston President Bondhus Corp 1400 East Broadway Monticello, MN 55362 � 763-295-2162 Tei: 763-295-2162 U.S. Toll free: 8U0-32$-8310 Fax: 763-295-4440 Bondhus Corporation 1400 E. &oadway, P.O. Box 660 IMontfcello, MN 55362 USA CITY �F MONTICELLO ECUi'dOM1C DEVELOPMENT AUTHORITY 13USINESS SUBSIDY APPLICATI�N BUSINESS ASSISTA�VCE FII�dANCING Legal name caf applicant: Adclress: Telephone numt�er: Name of contact person: I3ondhus Corpora[ion 1400 East Broadway 763-295-�162 Mikc Blackston {I'resideni} RE4LJE5TEI� INFORM�ITION Addendum shal] be �ttaehcd heretc� addressing in c�et�ail the following: 1. A map showing tl�e exact boundaries of praposed development. 2. G�ive a general descriptio❑ af the project including size and loeation of builtlin�;(s); husiness type or use; traffic inft�rrnation including parking, prajected vehicle counl� and traf'f'ic flow; timing af the �roje�t; estimated market value fc�llc�wing eomplEti�n. 3. 'I'he ex�isting Comprehen�ive Guide Pian Land Use designation and zoning t�f the proper#y. Include a statem�nt as to how the proposcd development will confi�rm to the land us4 designation and l�ow the property will be zc�ned. 4, A statement identifying how ih� incremenl assisiance will t�e used ant� why it is necessary to un�lertake the projecT. 5. A sCatem�nt idenlifying the public benciits raf thc proposal including estimated increase in property valaation, new jobs to be created, hourly wag�s and other comrnunily assets, 6. A written description of the develop�;r's business, principals, history and past pr�jects 1 understancl thai the application fee will l�e used f�,�r EDA staff and ec�nsultant costs anc3 rnay be partially refundable if the request for assistance i� withdrawn. Relunds wili be made at the discretion of the E'DA Board an� be based on the costs incurred t�y the EDA pric�r tt� withdraw of the request fr�r assistanc�e. If the iniCial applic�fian fce is insufficient, I will be responsible for �dditit�nal de��sils. SIGNATURE n ----.-._.._._...,_.._.., .rt., __.. �.,. �`,_. ..... �� - ....� ..... Agpiicant's sign�f�re:� � � �--�_ - � ��._._...._r____.....� I�ate: %+�L a�t C' �� j� Ci 1.�" CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY Application for Business Assistance Financing GENERAL INFORMATION: Bondhus Corporation Business Name: 1400 East Broadway Monticello, MN 55362 Address: Corporation Type (Partnership, etc.): Mike Blackston Authorized Representative: Manufacturer and seller of hand tools Description of Business: Stoel Rives Legal Counsel: 33 South 6�' Street Minneapolis, MN 55402 Address: FINANCIAL BACKGROUND: No 1. Have you ever filed for bankruptcy? No 2. Have you ever defaulted on any loan commitment? Yes 3. Have you applied for conventional financing for the project? March 21, 2018 Date: 763-295-2162 Phone: 612-373-8800 Phone: 4. List financial references: BMO Harris Bank NA 50 South 6`�' Street Suite 1000 Minneapolis, MN 55402 a. b. c. 1 5. Have you ever used Business Assistance Financing before? If yes, what, where and when? PROJECT INFORMATION: 1400 East Broadway 1. Location of Proposed Project: No $200,000 2. Amount of Business Assistance requested? Part of plant addition and equipment purchase totaling $2.3 3. Need for Business Assistance: million Mary Kay Bondhus 4. Present ownership of site: 5. Number of permanent jobs created as a result of project? $21 million 6. Estimated annual sales: Present: $2 million + 7. Market value of project following completion: July 2018 8. Anticipated start date: FINANCIAL INFORMATION: 1. Estimated project related costs: a. Land acquisition b. Site development c. Building cost d. Equipment e. ArchitecturaUengineering fee f. Legal fees g. Off-site development costs 15 to start, during the first 3 years $25+ million Future: Completion Date: $ 0 $176,000 $1,630,000 $498,000 Included in building cost 0 0 2 December 2018 2. Source of financing: a. Private financing institution b. Tax increment funds c. Other public funds d. Developer equity $ 1,984,000 $195,000 (JCF grant possibility) $120,000 1.Business overvievv, comnanv historv and ovvnershin Bondhus Corporation is a manufacturing company located in Monticello, Minnesota. The company produces a very wide range of hex-based hand tools; Hex keys (commonly known as "Allen wrenches"), ballpoint keys and screwdrivers, T-handles of all types, folding tool sets and many other specialty tools. The company was founded in 1965 by John Bondhus. John sought to commercialize an idea he had for machining a ballpoint tip at the end of a hex key. The idea and the tools John initially made turned out to be time savers for tool makers who regularly removed and reinstalled socket head cap screws on tooling in manufacturing plants. After some success, and to expand his capabilities, John started manufacturing tools in a small, rented retail store in downtown Monticello. As time went on, John made and sold, more and more tools. To support his growing business, John built a small, one story manufacturing plant, at the site of the current Monticello Bondhus facility, in 1974. This original building still stands today, but has been supplemented by four additions since. In 2017, Bondhus' product line of 14,000 items, supported sales to customers in the US, Canada, Mexico and more than 40 additional countries. When John Bondhus passed away 1 l+ years ago, his widow, Mary Kay Bondhus became the majority shareholder. The company has an ESOP which owns about 13% of the stock, and a few other shareholders own a small portion of the company (less than 10%). Mary Kay is active in the business and chairs the Board of Directors. The day to day operations of the company are attended to by a corporate staff which includes; Mike Blackston (CEO), Polly Grell (VP Finance), Nick Marchuk (VP Domestic Sales), Fred Leers (VP International Sales), Shannon Pramman (HR Manager). 2.Prociuct or industrv outlook Bondhus has been able to grow steadilyLL in partj because of its' promotion of "Made in USA" products. The company also has developed a specialized steel alloy and a custom heat treat process to give its tools the greatest strength and ductility possible. Bondhus tools typically generate 20% more torque than competitor tools, especially tools make in China. The company expects the new product line that will be added when this expansion is complete to grow sales by at least $3 million within the first five years after introduction. Bondhus has also been very successful consolidating the sales of their types of products with a customer and gradually eliminating virtually all competitor products from the customers' offering. Any new product lines that are added to its' offering will, after some effort, likely replace products �are currently supplied by foreign manufacturers to customers Bondhus will target with these products. 3.Proiected sales The company projects sales of its' new product line to reach the $500,000 level by the end of the � first yearS and then grow to $3,000,000 by the end of the fourth full year. Based on the breakdown of direct sales to Minnesota distributors plus estimated sales from large retailers such as Amazon, MSC, McMaster Carr and Grainger directly to customers in Minnesota, the company projects overall sales and sales within Minnesoia as follows: Total sales b�year end Sales to Minnesota users bv year end Year 1 $500,000 $20,000 Year 2 $1,000,000 $40,000 Year 3 $2,000,000 $80,000 Year 4 $3,000,000 $120,000 4.Markets The company has a strong sales presence throughout the US and internationally, in 44 countries. 2017 sales to domestic customers totaled 52% of total sales, sales to international customers totaled 28% and sales to private label customers totaled 20%. Domestic markets, percentage of US sales and Key customers include: • Industrial 49% (McMaster Carr, MSC, Amazon, Production Tool) • Hardware 14% (Fleet Farm, Northern Tool, Mid States, Orchard Supply) • Construction supply 11 %(Fastenal, Anchor, ORS Nasco, I}ntegrated Supply) • Automotive 7% (Weisser, JB Tool, Stur�evants, Mac Tool) • Private label 19% (Park Tool, Stanley, Snap-Oen, Klein) International market breakdown: • Industria161 % • Hardware 8% • Construction supply 12% • Automotive 11 % • Private label 8% Minnesota distributors of Bondhus products are many in number and include: Mills Fleet Farm, Fastenal, Runnings, Northern Tool, Mac Tool, Blackhawk, Acme Tool, Viking Electric, Bomgaars, Applied Industrial, Ace Hardware, Border States, Delegard Tool and many others. S.Philanthropy Bondhus employees are quietly, but actively involved in support of the local community. The subject of their support varies from year to year, but recent support has been given to the following groups: • Monticello Help Center/Food Shelf • Monticello School District Back Pack Program • One Warm Coat • Monticello Middle School Robotics Club • The Dream Machine at Sts. Peter and Paul School • Operation Minnesota Nice • Bondhus was named a"Difference Maker" by Options Inc (Big Lake). • Additionally, Bondhus supports approximately 40 individuals and families in the Monticello area by subcontracting simple assembly operations directly with them. These are virtually all unskilled people, many with circumstances, such as medical conditions which �prevent them from maintaining steady employment. Bondhus provides training and ongoing coaching and allows them to do as little or as much subcontract work as they are able. 6.Financials (see attachments for anore coan�lete in%�arsatfloaa) 2016 2017 2018 (Proi) 2019 (Proj�_ IVet Sales 19,343,19� 21 338 446 21 901 542 23 000 000 Cost of Goods 12,094,134 13 463 971 13 �45 701 14 540 123 Operatin� Expense 5 996 804 6 146 441 6 327 541 6 430 000 IVlisc Income/Exn 336,370 365.811 563 623 681 613 Net Income 915,890 1 362 223 1 164 677 1 348 264 7.Proiect Details To accommodate the manufacturing and packaging of an additional product line, the company is planning to add a 10,200 square foot addition onto the East end of the current building. Extensive regrading and shaping of the East lot will be required to provide easy access to delivery and pickup services. The West parking lot will be expanded to accommodate additional staff and to facilitate the separation of employee vehicle traffic, which will be clustered on the West end of the building, from the truck traffic which will be confined to the east end of the building. Mary Kay Bondhus owns the current building and land. The company has a long term lease in place with Ms. Bondhus. Once the construction of this addition is complete she will assume ownership of the mortgage for this addition and the company will lease the additional space on a long term lease. The company will own all of the equipment and machinery purchased far this addition and will be indebted for any loans related to those purchases. Buildin� and Grounds a. East addition: Two floors, heavy construction @10,200 sq ft total (Including basic electric service, lighting and HVAC) b. New West parking lot plus mi11 & recoat existing lot c. Re-side West and North faces of existing building (stop at new precast) d. Extensive grading and contouring e. Replace main entrance doors and glass above f. Additional restrooms Sub Total Building Equipment and MachinerX g. Compressor + electrical h. Torm� h�rning machines i. Cut off system j. Milling machines 1,500,000 136,000 100,000 40,000 10,000 20,000 $1,806,000 60,000 _125,000 _ 48,000 _ _ 90,000 k. One small heat treat furnace L Contingency Sub Total Machinery Projected Project Total 100,000 75,000 $498,000 $2,304,000 8.Effects Of This Proiect On The Local And State Economies The addition of a new product line to the Bondhus offering will result in new job opportunities in Monticello and sales opportunities throughout Minnesota. The additional product line not only results in a sales increase related to these new itenls, but sales of existing Bondhus products will increase, as some distributors replace existing products provided by other suppliers as part of the effort to take on the new product line. Purchases from suppliers located in Minnesota should increase sales of the new product line. The company does quite a bit of printing locally. Its plastic injection molding supplier is located in Maple Grove, Minnesota. Its_plating supplier is in Isle, Minnesota. The company's steel hauler is Long Haul Trucking, located in Albertville, Minnesota. Local subcontract machining suppliers such as Accura Automatics and Ellison Machining would also benefit. All of these companies and many others will see increased business activity as a result of this projeci. a� � � a � � .: :.. : �:,._ � G�. ._,:,, _�_rt : :�� w � � W a � a � � ? � �� . w ,��; � � � . 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I l� ';�' `' ` ' " ° = I '%' �;; "" ` �� I �8%�� l ,. � �� I �%p r " �� r �j� < < ��``Lr^--n 1--=1 � r � �- ,�{ ; `' !I j< � r� -�t-� .,.. Y,. „ s� tt �' �� i � i jii � �� ' ` i � , ;r �� ;r/ rl' J � f` i_, � , }; . p . �;� . � xI -"' ;.�.� °� F , � � P � 1�fj� , '+ '� y `�, � ��% F }'-�.! 4� I �E . 0 � ,_ r, E ; - , � � � .' P�; .��r�`'�' � r�; y � '� .' �� f � �1� � � I I � � . 1; ��„ � � � ; �b '` I i✓ . i ., f .. � � s � GG/�'�;� � ;`� � r / ' ; . � � i �4 /� 3 ' I �� . I, j� � I � 1' i ( j/��i' (� � � , L f' �J ;( � l �� e�; ,� \ ' ' i i �I l i � � EDA Agenda - 5/9/18 6. Consideration to establish a Downtown Fa�ade Improvement Loan pilot pro�ram and to adont Downtown Facade Improvement Loan Guidelines. (AS/TT) A. REFERENCE & BACKGROUND The EDA is asked to review and consider establishing a Downtown Fa�ade Improvement Loan program and to adopt corresponding program guidelines. The EDA previously reviewed the proposed guidelines in a workshop on April 11, 2018. At that time, the EDA recommended modifications to split the proposed program and supporting guidelines into two separate loan/grant programs - one program targeted to more e�tensive e�terior fa�ade improvements and a second program targeted toward minor e�terior signage and frontage elements. The EDA further provided comment on key guideline terms, such as loan amount, architectural compliance, and geographic program e�tent. The EDA directed staff to make the suggested revisions and then forward to the City Attorney for review. The EDA also directed staff to focus on the two e�terior improvement programs, with building and energy code compliance loans as a future consideration. As noted in the April EDA workshop, staff also met with downtown property and business owners in two lunch and learn sessions in February of this year. A summary of the outcomes of the meetings is included for EDA reference. The loan guidelines for the Fa�ade Improvement program presented include revisions based on both prior EDA comment and downtown meeting comments. The sign/awning/frontage program guidelines are still under review by the EDA attorney. The following are key Downtown Fa�ade Improvement Loan Program terms: • 5% cash from borrower required for project • Minimum loan of $2,500 and maximum loan of $50,000 • Loan is forgivable if the building is not sold within the 5 year time requirement; no payments required in the 5 year period • If building is sold, loan is triggered with 20% forgiven per year prior to sale • Application fee of $50 • Property owner must be a co-signatory to application and loan agreement • Maximum City fee for review and document prep of $500 • Pilot program cap of $200,000 • Geographic area - to be reviewed by the EDA to finalize The EDA also directed staff to request an estimate/scope for architectural consultation with Cuningham Group in order to maintain consistency with Downtown Small Area EDA Agenda - 5/9/18 Plan and to provide a foundation for final contracted work Cuningham estimates a not- to-exceed amount of $2,000 per building for this service. As such, staff would recommend that the consultation be required only on projects of $7,000 or more. Staff has also adjusted the guideline language to require repayment for architectural services if for any reason the project does not proceed. If adopted by the EDA, the program would be marketed to downtown property owners first with a program brochure. Upon expressed interest, staff will arrange a meeting to review the guidelines and architectural improvements guide (being prepared by the Cuningham Group) and to discuss potential projects with applicants. At the time the prospective applicant is ready to proceed, staff will work with the applicant on timing of consultation with Cuningham and contractor quotes. Staff will also engage the City's contracted arts consultant Sue Seeger on projects as her time and budget allows. The impetus for the development of the program can be found in the adopted Monticello Downtown Small Area study, which cites as an implementation strategy the "establishment of a facade improvement program that offers financial support for investments that improve the visual appearance of buildings and district identity." Further, in the joint Downtown Small Area Study Implementation workshop held by City policy boards in November, the group cited the implementation of such a program as one of the highest ranked priorities for accomplishment. Staff attempted to balance a program which will attract participation, while protecting the EDA's interests in financial accountability and achievement of project goals. Staff will provide monthly reports on project interest and progress as a means for the EDA to measure success in the pilot program. The program will be revisited in June of 2019 per the guidelines. Al. Staff Impact: Staff time estimated at 25-30 hours has been spent in preparing the proposed guidelines, including staff time in coordinating the downtown luncheons. Moving forward, staff estimates 100 hours of time commitment to the program, based on a pilot loan program resulting in 5 loans. This includes marketing, meetings and administration. The EDA's attorney has been consulted for guideline review and will assist in developing loan agreement and application review as necessary. A2. Budget Impact: The Finance Director recommends that the funds for the pilot program come from TIF 1-6. If the EDA adopts the guidelines as proposed, the pilot program is capped at $200,000 in loan expenditures and is first come, first served. Staff would further estimate $20,000 in fees from Cuningham and Kennedy & Graven for development of the renderings and legal loan documents. Staff intends to work with Kennedy & Graven to develop a template loan agreement which can streamline the document process for loans. A3. Strategic Plan Impact: The proposed program meets the following Strategic Plan � EDA Agenda - 5/9/18 Goals: • Create and Preserve Sustainable Livability: Implements a program to beautify the downtown's existing commercial buildings. • Strengthen Our Image as a Destination: Supports enhancements to the downtown commercial core in support of Monticello as a place to visit and explore. • Support a Vibrant Economy: Establishes a financial resource for e�sting property and business owners to utilize for economic reinvestment in downtown. B. ALTERNATIVE ACTIONS L Motion to establish a Downtown Fa�ade Improvement Loan pilot program and to adopt Downtown Fa�ade Improvement Loan Guidelines as drafted, with a pilot program loan expenditure cap of $200,000. 2. Motion to establish a Downtown Fa�ade Improvement Loan pilot program and to adopt Downtown Fa�ade Improvement Loan Guidelines with revisions as directed by the EDA, with a pilot program loan expenditure cap of $200,000. 3. Motion to table for staff to prepare revisions as directed by the EDA. 4. Motion of other. C. STAFF RECOMN�NDATION Staff recommends the implementation of a fa�ade improvement program for the Downtown per the direction of the Downtown Small Area Study and implementation workshop. Staff defers to the EDA on the final term requirements. However, it should be noted that the Finance Director would recommend that the EDA consider requiring a higher cash investment by the applicant. If the EDA concurs, staff would propose a sliding scale for percentage of cash investment based on the loan amount. For example, a loan ranging from $2,500 to $25,000 would require a 5% cash investment, and loans above that range to the $50,000 cap would require a 10% commitment. D. SUPPORTING DATA A. Draft Downtown Fa�ade Improvements Loan Guidelines B. Draft Downtown Facade Improvements Loan Application C. Downtown Business/Property Owner Meeting Summary D. Downtown Small Area Study, Excerpts E. Implementation Workshop Summary F. Illustration - Geographic Target Area � c� r}• c�r -� Ilr��r��lce�la 1. CONTACT INFORMATION Legal Name of Business: Project Site Address: City / State / Zip: Contact Person(s): Business Phone: Home Phone: Check One: Federal ID # Property Owner: � Proprietor 2. PROJECT GOALS MONTICELLO EDA DOWNTOWN FACADE IMPROVEMENT LOAN FUND APPLICATION Please give a brief suininary of the project: Email: � Corporation State ID # � Partnership Please describe how the proposed project will positively impact the city's downtown/Central Community District:] 1�fs<��,�� 3. LOAN REQUEST Amount Requested: $ __ 4. FINANCING Total Project Cost: $ Project Costs Exterior renovation of retail or commercial buildings, including windows, doors, siding, brick, stucco, masonry, painting, steps, parapets, roofing or structural roof components. Exterior improvements such as awnings, canopies, wall or projecting signage (not including digital signage), and shutters. Physical landscaping improvements Total Costs Comments: Pro�osed Fundin� Sources Bank Loan Private Fund Commitment Applicant Commitment Other: Total Financing: $ $ $ $ $ � � 5. PROJECT CONTACTS (Lenders, �rivate fundin� source, �artners, etc...) 2�f�t��,t� Name Address Phone/Email: Name Address Phone/Email: ATTACHMENTS CHECK LIST Please attach the following: A) Letter of Commitment from the Other Sources of Financing, Stating Terms and Conditions of their Participation in Project (if applicable) B) Project Plans (Architectural Rendering and Scope must be included) C) Project Quotes/Estimates D) Processing Fee of $50 � 7. AGREEMENT � I/ We certify that all information provided in this application is true and correct to the best of my/our knowledge. I/ We authorize the Monticello EDA to verify financial and other information. I/ We agree to provide any additional information as may be requested by the city. The undersigned has received the EDA's policy regarding the payment of costs of review, understands that the EDA requires reimbursement of costs incurred in reviewing the application, agrees to reimburse the EDA as required in the policy and make payment when billed by the EDA, and agrees that the application may be denied for failure to reimburse the EDA for costs as provided in the policy. APPLICANT SIGNATURE APPLICANT FAME (Print): PROPERTY OWNER NAME (Print): PROPERTY OWNER SIGNATURE: I�7_r1�A The EDA is a governmental entity and as such must provide public access to public data it receives. 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' � �sa. � i ` � `*�� ` y,� ,c*� ' � �j� - �''�1 :� � '� -� ■ -• �. i � ' � �3. ,� ,�' � � ` '�"9a:. �'�.i. - "y ' � � � � • � ;'� � • i�....' ��Y� JY °{i�� • ��F�� '�� `_ �s.� � � •.� �C1 � �� 1' '°�' �* �"'�'. .x �� . i� � � .,P : A � 1�! ��3 � �� •e ..'� , � '�.. t �i� ` � DR . � .--y�; � � �= . � Y � � � �. �.�;�" "", ,� �"c- ''�� L J e�° -..�'C�, .�" � , � �"°` . -�`��.,'t, � . , ; ,. . `=''� � ��` �� ` s - _ =� ` . � ' '�' � �'�``�� ►r � f �'�;! ,�" � � �' . _. •� ��1�. .: � . ��.. _ � _ �� _ -� � � c � O � U � � m e�TY oF . �� QI1 1C� a MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY DOWNTOWN FA�ADE IMPROVEMENT LOAN PROGRAM GUIDELINES POLICY PURPOSE The City of Monticello Economic Development Authority ("EDA") recognizes the need to encourage investment in commercial and retail buildings in the downtown area in order to maintain the economic viability of the City and in the Downtown/Central Community District. Consequently, the purpose of this loan program is to provide low-interest, forgivable loans to encourage commercial and retail business owners in the Downtown/Central Community District to improve the fa�ade and frontage of their existing buildings. ELIGIBLE BUSINESSES Any commercial property located within the geographic area illustrated in Exhibit A of these guidelines may be eligible for a Downtown Fa�ade Improvement Loan ("Loan") as further defined herein. Only principal use structures are eligible for the program. LOAN FUND TERMS & CONDITIONS � � � Loan Structure The Loan will be structured as a five-year deferred loan (grant). No loan payments are paid during the term unless the building is sold. If the building is retained in original ownership for a period of five years, the Loan is forgiven in its entirety. If the building benefiting from the improvements is sold during the term of the Loan, a pro-rated portion of the Loan must be repaid at a rate of 20% forgiven each year. The borrower must provide 5% or more of project cost, in cash, not equity. Downtown Fa�ade Improvement Loans shall be structured as direct loans unless otherwise approved by the EDA. If a participation loan is requested, an agreement will be signed by the borrower, primary lender and the EDA. Repayment or Call of Loan A Loan shall become due and payable based on the pro-rated portion remaining, as described above, if a building is sold prior to the maturity date of the Loan. Amount is payable at closing of the sale of the property. 1��`��; Eligibility Requirements The Loan applicant need not own the commercial property, but if a tenant applies for a Loan, the owner of the commercial property must be a co-signatory to the application and Loan agreement. The property owner must carry current property insurance both at the time of application and through completion of approved Loan improvements. Property taxes on the subject site must be current for the duration of the Loan. A prorated Loan amount may be assessed to the property if the property become subject to tax forfeiture. Applicants are not eligible to receive funding if the property to be rehabilitated is in default of property mortgage, contract for deed or comparable obligation. An applicant is ineligible to receive assistance if currently involved in bankruptcy proceedings. Applicants may apply for only one Loan per building. � Simultaneous Loans The simultaneous use of different EDA loan programs by any one borrower or for any one project is permitted. Business subsidy agreements may be required. Permitted Loan Uses See Exhibit B of these guidelines for a visual reference on permitted fund uses. Exterior renovation of front, corner side, and/or rear of principal use retail or commercial buildings, including windows, doors, siding, brick, stucco, masonry, painting, steps, cornices, parapets, shutters, dormers, roofing or structural roof components. Interior side renovation proposals may be considered on a case-by-case basis. 2. Exterior improvements such as awnings, canopies, wall or projecting signage (not including digital signage). 3. Physical site landscaping improvements on the property; temporary installations ineligible. At a minimum, 85% of Loan dollars must be used for the improvement of the building fa�ade per item #1 of "Permitted Loan Uses'. No more than 50% of the Loan may be used for replacement of doors and windows with exceptions to be considered by the EDA based on the architectural rendering. The cost of the building and/or sign permit for the approved Loan project will be included in the final Loan amount. 2�;`��; Loan Amount and Requirement Loans may be made in an amount ranging from $2,500-$50,000. An architectural rendering supplied and paid for by the City is required for use in determining final scope of work in consultation with applicant and the applicant's selected contractor for any projects exceeding $7,000. The cost of the rendering shall not be included in the Loan amount. Architectural renderings will be prepared after application, but prior to EDA review of the full application for consideration. The applicant will work with contractor to define final selected improvements using the rendering as a guide. The architectural rendering with final selected improvements must be reviewed and approved by the EDA and will be included in final Loan documentation. The improvements must be completed in substantial conformity to the approved architectural rendering. CONSTRUCTION AND IMPROVEMENTS CODE COMPLIANCE All buildings for which public funds will be used within this program are to be brought into conformity with city ordinances and state building codes in effect for the area in which the building is located. It is the intent of the Downtown Fa�ade Improvement Loan Program to comply with the Cit�s building standards for the Downtown/Central Community District (CCD). Please refer to the City's Downtown Small Area Plan and zoning ordinance for complete details as it relates to the standards governing this program's design guidelines. LOAN SECURITY AND GUARANTEES Applicant must demonstrate the financial means to repay the Loan, as determined by the EDA. In addition to the Loan agreement, the EDA may require additional agreements to be signed by the borrower (i.e. security agreement, personal guarantees, business subsidy agreement). TIMING OF PROJECT EXPENSES No project may commence until the EDA has approved the Loan application and the Loan agreement and any required securities are of record. Any costs incurred prior to execution of the Loan agreement are not eligible expenditures. No building construction may commence until the required city permits are secured. Closing of the Loan should be simultaneous with the borrower's primary funding, if applicable. Loan disbursements shall be as provided for within the Loan agreement and shall be made directly to the lessee/owner's contractor. Loan agreement shall reference final contacts for improvements. 3�';`��; COMMUNICATION Success of the project depends on the completeness of applications and good communication between all parties. Applicants should feel free to reach out to EDA staff with any questions at any time. PROCEDURAL GUIDELINES FOR APPLICATION AND APPROVAL The applicant shall meet with city staff to obtain information about the Loan program, discuss the project, and obtain application forms. The applicant shall complete and submit an application to the city, along with a$50 application fee. The fee is used to cover processing expenses. Applications will be received and reviewed on a first-come, first-served basis from the time of submission of a complete application The EDA has allocated a maximum of $200,000 for the initial Loan program. An application inspection of the building may be required. ' � The EDA is a governmental entity and as such must provide public access to public data it receives. Data deemed by Applicant to be nonpublic data under State law should be so designated or marked by Applicant. See Minnesota Statutes, Section 13.591, Subd. 1 and 2. The application will be reviewed by EDA staff to determine if it conforms to all city policies and ordinances and to consider the following: 1. Staff will complete a preliminary application review and may consult with the EDA's Financial Advisor and/or EDA Attorney in preparing report for EDA consideration. 2. Staff will evaluate the project application in terms of the following: a. Project Design - Evaluation of project design will include review of proposed activities, project construction and renovation plans including architectural rendering and final building elevations detailing selected improvements, time lines and a capacity to implement the project. b. Financial Feasibility - Availability of funds, private involvement, financial packaging and cost effectiveness, and bid-quote submissions. c. Appropriate ratio of private funds to Loan funds. d. Evidence of applicant's ability to meet the 5% equity requirements. e. Letter of Commitment from other financing sources stating terms and conditions of their participation in the project, if applicable. f. All other information as required in the application and/or additional information as may be requested by the Economic Development staff. g. Project compliance with all city codes and policies. The EDA Commissioners will review each application in terms of: 4�';`�� ; a Its consistency with the goals of the city's Comprehensive Plan and Downtown Small Area Study. b. Whether it is desirable and in the best interests of the public to provide funding for the project. c. The project's overall impact on the community's economy. 4. The EDA Commissioners will approve or deny the application, or request a resubmission with clarifications. LOAN POLICY REVIEW The above criteria will be reviewed on an annual basis to ensure that the policies reflected in this document are consistent with the economic development goals set forth by the city. RIGHT OF REFUSAL The EDA may deny any application if it is found not consistent with the goals of the city's Comprehensive Plan and Downtown Small Area Study, the project's overall impact on the community's economy, and the above criteria. COMPLIANCE WITH BUSINESS SUBSIDY LAW All developers/businesses receiving financial assistance from the City of Monticello EDA shall be subject to the City's Business Subsidy Policy as amended, and the provisions and requirements set forth under Minnesota Statutes, Sections 116J.993 to 116J.995. AGREEMENT TO PAY COSTS OF REVIEW It is the policy of the City of Monticello and the EDA to require applicants to pay costs incurred by the City or EDA in reviewing and acting upon applications, so that these costs are not borne by the taxpayers of the City. These costs include all of the City's or EDA's out-of-pocket costs for expenses, including the City's or EDA's costs for review of the application by the City's or EDA's Financial Advisor and Attorney, or other consultants, recording fees, and necessary publication costs. Payment for costs will be required whether the application is approved or denied. Loan program expenses beyond the application fee will be capped at $500 and may be included in the final Loan amount if not paid in cash at the time of Loan closing. Costs incurred above the application fee will be invoiced if not paid at the time of Loan closing, and payment will be due within thirty (30) days. The cost of the architectural rendering for projects above $7,000 will be invoiced in an actual cost not to exceed amount if the proposed project does not proceed. Costs not paid will be assessed to the property. LOAN AGREEMENT If the application for a Loan is approved, the applicant and property owner will be required to enter into a Loan agreement to proceed. The agreement will specify the terms and conditions of the Loan as identified herein. A security agreement or subordinate mortgage may also be required. 5�';`��; DISBURSEMENT OF LOAN FUNDS Upon approval of a Loan application, applicants are required to provide executed contracts for work per the approved Loan plans. Contracts shall be per the procedures and requirements herein. Loan funds will be disbursed to the contractor based on completion of work as outlined below. The Cit�s Chief Building Official will verify completion of work. Upon verification of completion, payment will be dispersed per contract amount for the work completed. PROJECT CONTRACTOR PROCEDURES AND REQUIREMENTS A. PARTICIPATING CONTRACTORS: All contractors participating in the Downtown Fa�ade Improvement Loan Program must have a contractor's license on file with the Minnesota Department of Labor and Industry. The contractors will be responsible for securing insurance of the amounts specified on the application form. The application must contain proof of insurance coverage via a Certification of Insurance Coverage, and the contractor's registration number. B. BID/QUOTE SOLICITATION: To participate in the Downtown Fa�ade Improvement Loan Program, the applicant must solicit bids or quotes from at least two vendors. An applicant is free to choose any contractor, provided the license requirements are met and the cost differential in the quotes received does not exceed 20%. C. CONTRACTOR CONTRACT: The contract for work is between the property owner (applicant) and the contractor. Each selected contractor will enter into a contract with the property owner. The contract will outline the terms for completion of the rehabilitation on the project and will include the following: 1. Scope of Work 2. Project Start Date; 3. Project Completion Date; 4. General Conditions; 5. Building Elevations and Architectural Drawings; 6. Special Conditions; 7. Project Warranties; 8. Change Order Procedures; 9. Payment Terms; 10. Termination Procedures. D. FAILURE TO START/COMPLETE PROJECT: Upon approval of the Loan agreement, the applicant and selected contractor will have 180 calendar days in which to complete the contracted work. Failure to begin work within the first 60 days will be grounds to terminate the Loan agreement. The 180-day time period shall not be exceeded except through the issuance of a change order. 6� �`��; E. PAYMENT PROCEDURES: All contractors will agree to the payment schedule, which is as follows: 1. No pre-payments by the EDA are allowable for any reason. 2. Lien waivers are required for all contractors and sub-contractors before payment will be made. 3. Final payment for all work completed, including any retainage amounts, will be made after all work by a contractor is completed, the final inspection has been conducted and the Chief Building Official, property owner, and contractor have signed off on the work. F. CHANGE ORDERS: Change orders to the approved Loan project require the approval of the EDA. Change orders will be allowed only for the following reasons: 1. To rectify hidden deficiencies that are discovered once the work has begun. 2. To change a specification due to unforeseen difficulties arising after work has begun. 3. To address a deficiency that was inadvertently dropped from the project during project packaging. 4. To change completion dates. � PROJECT COMPLETION The city's Chief Building Official will complete a final project inspection and issue a Certificate of Completion verifying project completion per the approved Loan plans. 7� ir3ge EXHIBIT A Geographic Program Limits 8�;r3ge EXHIBIT B Permitted Fund Uses — Visual Reference 9� ir3ge DOWNTOWN BUSINESS IMPROVEMENT LOAN PROGRAM DISCUSSION 12 Total Completed Forms: Fa�ade Improvements: 10 Renovation/Rehabilitation: 6 Energy Efficiency: 7 Other programs or incentives that would be utilized: • Forgivable loans on signage • Handicap accessibility • Alley maintenance • Landscaping improvements • Combined garbage/dumpsters facelift Other suggestions or comments for the downtown: • Improved walkways and more green space • Upgraded signage on street frontage • Restructured rear parking • Micro-park in the empty lot • Improvements to the rear/back entrances of buildings • Will talk to building management company about improvements • Re-route traffic on Trick-or-Treat night • Add flower pots/benches on Broadway and alley way • Do a scavenger hunt to get people in businesses • More parking and cross easement • Door spaces improvements • Improved lighting in parking lots v � ro a m p � ai C m o 3 � a .R � � � � v d y N £ . � a 3 � £ � � � v � � ro C w m N � � a v � y " m m 3 X � ro � � ro v w a oo -o � w y � ° � f6 j � � � o � a+ w a o " � E �aa°a°� � r-1 N � O p b �' y i' .u. � � ... � �w� a p � i' 3 �a v' °i a 7 � a p � � " 0 7 m o � F� �' a' v a � a`�, .� .� �' R' m y ro '�ry +� bq,L' �. � '" � A° � � '" .� 3 v m � 3 A °' � � � � � a ro7 - �d o � � � a+ °' w °�' o .�' y � o � o � m v �� 7 " v x N v . ^d v v i, �n 'j 'd .�' � � �'� °q 3 v oyo. . ,� y 3 y ro x v v � o o m 3 � a6 y 3 � q �o N � 3 � w " o v � F� v w o v a � a, ^d .0 ° m v � o ro 'v � q 'd � cd a, ^d v� G' a V a a, � > ' � � �ro o � v q � o � �' �i � O a � � O � � y � y � a q C � ? 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V N i�. p t" P-i ctl ��' �l��)r, j; ;j` y�l� '�, v \�! \v C � ,�.�. ..., , `� � � � ��/ O n�� % �7�" % � � R w � . �' .. � � �. ��' Q°' mAa J �� / ` . ` ` y�i � 1� a �' � �� <, /� �/` � (h \ {•� � �`,, I ' ' . ,�! � S;n`�M � � /,� I P: � �'�� -� � � =� Downtown Snnall Area Stud i �.�,� � Y f-. .`' , } � ;ti- . ;�� ; *�� ,.�N.�,. - _. , ; Ir�plementat�on Workshop .: .� � -..�- �� November 16, 2017 Participants -�-�-�-�-�-�-�-�-�-�-�-�-�-�-�-�-�-�-�- Cit}� �:� ._: `° Brian Stumpf, Bill Fair, Jim Davidson, Charlotte Gabler, Lloyd Hilgart EDA: Tracy Hinz, Steve Johnson, Jon Morphew, Bill Tapper Parks �. t��=��n Nancy McCaffrey, Larry Nolan PlanningCommissic$�. Katie Peterson Guests: Clay Sawatzke, Michele Hertwig Staffe Jeff 0'Neill, Angela Schumann, Jim Thares, Jacob Thunander, Tom Pawelk, Rachel Leonard, Jennifer Schreiber Warkshop Purpcase Set a foundation for realizing the downtown plan by encouraging the various commissions to cooperatively review the elements of the plan, prioritize the components, and strategize implementation. Pricarifization Exercise Organized by Highest Ranked Projects: ��:i��el�p��: Pursue signature redevelopment on Block 52 with market rate housing and a destination restaurant that overlooks the park. R�bl�� Re�lr� Irr�pr��a`��a Redesign riverfront parks to include more active events and programming in West Bridge Park (amphitheater, water feature, concessions) and passive uses in East Bridge Park. Broadway Street Commerciai 1li�� '��d��v�� St�'�e� ��'�a�r�e�fi° Develop small pocket parks on vacant properties along Broadway, offering outdoor seating, and pedestrian connections to parking. Curb extensions at Walnut and Broadway to provide space for landscaping, seating, and gathering. 1��t i�> �� P�� ;., Build Downtown's brand and identity by identifying the downtown core as the Broadway Walnut area, and naming it. Pursue marketing initiatives to build the new brand. �. :° � .�� '� ��_ w� Establish fa�ade improvement programs that offer financial support for improving building appearance and district identity. Organized by Survey Category °�p��. ;; Pursue signature redevelopment on Block 52 _ , Redesign riverfront parks... Establish fa�ade improvement programs... , Improve bridge underpass... , Develop small pocket parks... Curb extensions at Walnut & Broadway Redesign riverfront parks... Pursue Signature redevelopment on Block 52 Reconnected Walnut Street to River Street... � ''y7 �e. v ��¢. -+' �j'1 y �'� _ 'j�'c ~ \ il. '�, '�y , '' � �� i �'9�1. ` ! �. ��,(.�� _� .. �,; . . - .�$�+ ` �' �a il'��.l� �+��.h��.. '-� ��ii � . } / �/i � �� T�' � �, ,ew�y�J � ��:/ Y x � •+�".� � \�� i � .� 't�" f� > ;`t J � ��' ..—, '� _� � +� � �� ., � . �–�: � �! �,, r� `- '� ��, � �i ...� . C"��'�� . �� i �� '�1 .�� Y; E, � � r�� 1( i� �� ' ., . ,. N � 4 ,.I +�� ' ��`!� f � '' ` � ��` � \�, ' � .��'EA� = . �,,� . � , �„ r_ "`-'i � �.Y ,�r 7� ' ' fi.�. � �-- " •�-�� Y' �- .��j ; . � � ..'. - �- � I � ,� Project Implementation Exercise East & West Bridge Park Improvements r. ... .. Location on the river, high visibility, varied topography, existing assets, capable parks staff, dedi- cated volunteers, popular community events. -�:; Limited automobile & pedestrian access, perception of noise and actual noise, potential river island flooding, limitations of adjacent land uses, ma- ture trees can block views, hard to change what's al- ready popular. .:.� Acquire surrounding land to allow redevelop- ment and growth, connect Walnut Street to River Street, use signage and rebranding to encourage ex- ploring downtown and connecting with the parks, en- hance underutilized assets like the southeast stairs and bridge underpass. Lead�rs�r'�.:�s Parks staff, Park & Recreation Commission, City Council, and EDA with redevelopment. K�y Decisi�r�s_ Park design, connection of Walnut St. to River St, reconstruction of River St, redevelopment of Block 52. s r�:° ��:. ��_; Park design, remove understory plants for visibility to the river, programming & events, connect Walnut St. to River St. Block 52 Redevel�pment r=:`�` ' City owns a portion, another property for aamr_ sale, high visibility, beautiful view, parks complement, EDA is engaged in acquisition. �_��° °;° Cost of acquiring property, getting the right developer, potential contamination, community confu- sion of public purpose, competition with completing Block 34, relocation costs. :; ;: Continue acquiring land and empower eco- nomic development manager to meet with developers. _. EDA for site control and incentives, staff for recruitment and negotiating, additional city staff from planning, public works, Wright County, etc. , s x, �.. ..� Preliminary development agreement, zoning ordinance changes, incentives. '� ��:, �r:.�� Design for Walnut Street connection to River St., redesign West Bridge Park parking, acquire properties, reach out to developers to find the right partner, continue building relationships and communi- cating with property owners. Downtown Housing Development .„. Strong market, regional and local amenities, demographics, walkability, accessibility, site control, lender and council support, developers interested, jobs nearby. ��Qg�� ,,.� �: Relocation development costs, water table, cost of quality construction, noise, trafFic access, size of block divisions, developers have many options, zoning not currently aligned with plan, existing property & business owners. �, ; Gather better information on water table, shared equity solutions, create one TIF district, buying options. ��., �;; EDA to lead land acquisition, TIF program, coordination with lenders & developers. Planning Com- mission to lead zoning review. City Council responsible forfinal approvals. �� s4�a��a Determining one site or many, zoning approved that balances flexibility with predictability. :��`� �°a�: Create package or feasibility for several sites so the city knows its limits and capacity, include aesthetic design expectations, get a more detailed un- derstanding of the downtown market, engage in out- reach to developers with marketing materials. Activating Broadway Street's Commercial Vitality �. �, _ e_ �� Proximity to parks and river, some business- es already making positive changes, changes will en- courage people to visit, opportunity to build relation- ships, high trafFic area. ��r��: Not all buildings up to code, cost of rehabili- tation, Iack of space for outdoor seating, lack of con- centration, need to agree on fa�ade style, trafFic, busi- ness mix. � �� i°�_: Assess the state of properties, survey and encourage stakeholder participation, offer financial in- centives, help 1-2 businesses start to encourage others. Survey property owners to guide the focus. ��§k �'�:.. Existing business group, Chamber, City Council, EDA, and city staff. ��'��, w.,��: Determine ownership of every parcel with contact information, reach out to property and busi- ness owners for their ideas, identify and build alliances, determine design standards. ., ,;;':; Encourage EDAto build relationships. EDA Agenda: OS/09/18 7. Economic Development Report (JT) A. Wright County Economic Development Partnership Lunch — Apprenticeships & Young Workers May lOth at 11:30 a.m. — Delano City Hall (See attached flyer) B. Buxton Follow up discussion continues with Buxton consultants regarding potential breakfast meeting with key stakeholders regarding participation in a three (3) year marketing and recruitment commitment. Additional information will be forthcoming in a future meeting. C. Regional Comprehensive Economic Development Strategy (CEDS) Please refer to link for CEDS document : https://39rpv61is21b35k1sbde6rj5-wpen�ine.netdna-ssl.com/wp- content/uploads/2017/07/CEDS-Report Re�ion-7W 2017 08-30-17.pdf D. IRT Site — 961 Dundas Road Staff followed up with the owner and broker regarding potential interest in the environmental investigation program and in the process learned that a Phase 1 and Phase 2 were completed for the property in the past couple years. There were no identified environmental issues or hazards. The site is actively being marketed by Commercial Realty Solutions (CRS). There a couple of prospects considering the property at this time. E. 255 East Broadway Demo Process — See Handout F. Art Grant for EDA Owned Building — Sue Seeger, Arts Coordinator G. Prospects — See attached A spread sheet with the active prospects will be provided to the EDA for review and discussion at the regular meeting. '�5i �'.�: 'r.os�=w:..;:.,:.:'....;:t�:+��. �.�irn— ..rr�. �; � � � . ? ;, ., -- �„ . a , I _ _ _� : , , � - .__, ___. ,-,. � ° j , -. _, � ' � ' '�, � ' ._ , '`'� .- '�� a -. ? - -��. __. . Time� Topic: Speaker� Locatio�� Sponsors: Hosted By� Price� ' i ' �-- . . y, � I i _ __ - w I _ .� - - � - -- - -� ; -- � � __ '. .: _ t.-- '._ ._ __ a' . _ `�-. �_� � � -. _� � �— -_ , , _. , a . _ _ _� ._ i ,_ , - —. Meet King Banaian and learn what he has to say about how youth meet the labor market and how they can benefit from apprenficeships that also help your business in this ever growing economy. llAAay 10th, 2018 � 11:30 AM Apprenticeships King Banaian Delano City Hall 234 2nd St. N Delano, MN 55328 Scott Build, Bolton & Menk, Bauer Design Build VVCE DP $20 Tickets can be purchased at the door or online at https://www.eventbrite. com/e/learn ing-lu ncheon-apprenticesh ips- tickets-44602206400 c��r �'''� Wright Counn. � /� � � � EGon�,-�7icz';za_=Pcep,re�3iParrn�:s�ip t � �-� �.. ., DESIGN BL11LD �� T ST. CLOUD STATE U N I V E R S I T Y �soL�a� � ; �r��K Real People. Real Solutions. B� I ra � � � ■