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IDC Agenda 05-18-1989 . AGENDA MONTICELLO INDUSTRIAL DE Thursday, May 18, City Hall ELOPMENT COMMITTEE 989 - 7:00 AM MEMBERS: Chairperson Shelly J Smith, Lowell Schrup Dale Lungwitz, Arve Kendall, Ron Hoglund Jim Kruger, Dale Pog Ollie Koropchak. hnson, Vice Chairperson Don , Ken Maus, Rick Wo1fsteller, rimsmo, Jay Morrell, Harvey Linda Mielke, Dennis Taylor, tchnik, Dave Peterson, and STAFF: Jeff O'Neill. 1. CALL TO ORDER. 2. APPROVAL OF THE APRIL 20,1989 IDC MINUTES. 3. PROSPECTS: UNDISCLOSED MANTEQ NSP EXISTING UNDI CLOSED COMPANY 7. CONSIDERATION OF INDUSTRI L PARK ROADS UPDATE. 4. CONSIDERATION OF THE AREA EXTENDED SERVICE UPDATE. . 5. CONSIDERATION OF THE JOIN GOVERNMENTAL UNITS MEETING, MONDAY, JUNE 5, 1989. 6. CONSIDERATION OF AIRPORT 8. CONSIDERATION OF AN EDA 0 GANIZATIONAL MEETING UPDATE. 9. OTHER BUSINESS. 10. ADJOURNMENT. . . MINUTES MONTICELLO INDUSTRIAL EVELOPMENT COMMITTEE Thursday, April 20, 1989 - 7:00AM City Ha I MEMBERS PRESENT: Vice Chairp Mielke, Low Grimsmo, Ro Lungwitz, K rson Don Smith, Jim Kruger, Linda 11 Schrupp, Dave Peterson, Arve Hoglund, Harvey Kendall, Dale n Maus, and Ollie Koropchak. MEMBERS ABSENT: Dennis Tayl r, Jay Morrell, Shelly Johnson, Dale Pogatc nik, and Rick Wo1fsteller. STAFF PRESENT: Jeff O'Neil GUEST: Tom Dolly 1. CALL TO ORDER. Vice Chairperson Don Smit called the IDC meeting to order at 7:02 AM. 2. TOM DOLLY: "MONTICELLO C MMUTER PARKING LOT". . Vice Chairperson Smith we corned and introduced Tom Dolly to the IDC. Mr. Dolly pr sented each IDC member with a written proposal out1in ng the City of Monticello relinquishing the "Montic 110 Commuter Parking Lot" (at the south westerly co ner of intersection 1-94 and Hwy 25) in exchange f r Dolly/Dragsten property (east of Silver Fox and s uth side of Oakwood Drive). The proposal included the improvements to the Dolly/ Dragsten property with pr of of funding, in the form of cash in the amoun of $100,000 deposited in an escrow account or a Le ter of Credit in the form of a Construction Loan Co mitment. Also, the proposal included benefits to the ity through projected tax increment estimates and e p10yment revenues over 30 years. Mr. Dolly informed the IDC that he has presented the proposal to the City Council. City staff was further researching MDOT's future plans of the interchange. Additona1ly, the title of property was never conveyed from Wright County to th City of Monticello and the title appears to have at ached restrictions and/or covenants. At this time the city or council has taken no action. The IDC disc ssed the potential of MDOT construction of an inter hange at the NSP Plant location or a County Ro d 118 easterly on ramp and a westerly off ramp. Mr. 'Neill informed the IDC that MDOT was not interested, cost estimates was $200,000 not including 20% engine r fees or land cost therefore project cost would be fr public and private funds for the development of t e County Road #118 ramps. . . 2. CONTINUED. Regarding MOOT future pIa the intent of design for traffic with ramp s?ace i see no ueai futut~ ~lins felt the need to retain t potential use by MOOT. ho would consider a 20-30 ye considered that the exist developed to it's full ca the first right of refusa if the councils decision Vice Chairperson Smith st equality and fairness. T to hear of the proposal. city staff research addit the potential to lease an development. IDC MINUTES - 4/20/89 s for a NSP location ramp is freeway is to create through tervals of 10-20 miles therefore or a ramp.' City staff/council e commuter parking lot for ever. the potential developer r lease commitment. The IDC ng commuter lot is not acity and that the city has to any potential developer as to market the property. essed the importance of e IDC appreciated the opportunity ade no recommendation to proceed. suggested onal information from MDOT. research to keep the IDC informed of any 3. APPROVAL OF THE MARCH 9. 1989 IDC MINUTES. Dale Lungwitz made a mot'on to approve the March 9. 1989 IDC minutes. seconded by Harvey Kendall and with no corrections the minutes ere approved as written. . 4. REPORTS OF PROSPECTS: UNDISCLOSED COMPANY - No final decision for site location by company. The project financing proposal as prepared by Business Development ervices was delivered. CEDAR LAKE ENGINEERING - currently the company has a purchase agreement on an existing building in Maple Lake. (cheaper to purchase tha build). CUSTOM SHEET METAL - con idering an existing building in Silver Creek. FOOD PROCESSING - still 'nterested in Monticello. no site selection yet. NSP - development agreem nt being drafted, abstract needs to be subdivided and upd ted. CONSTRUCTION FIVE - no pans to development in year 1989. GARMENT SEWING MANUFACTU ER - 30 second income jobs. looking for 20.000-50.000 square feet existing building. Responded to the undisclosed comp ny by mail with requested information and contacted a local r a1 estate agent for availability of existing buildings and ocal investment. . 4. CONTINUED. . TITAN RECREATION PRODUCTS Big Lake was offering a f and TIF). Koropchak is i potential use of the RLF Monticello facility and e additional 10 new jobs. IDC MINUTES - 4/20/89 - Dale Lungwitz reported that ee building (use of IR bonds contact with the company for nd TIF for restoration of existing pansion of 5,000 sq ft. Potential Bondhus Corporation - pot ntial add on or industrial park expansion, interested in he RLF. Contact person is Dick Van Allen. 5. CONSIDERATION OF UPDATE 0 THE EDA AND THE GMEF. Mr. O'Neill reported that and studied the Greater M with the following correc be top priority, 2) equit and reduction of EDA maxi Koropchak said the next s to hold an organizational institutions, and market local industries. . 6. CONSIDERATION TO ENDORSE the City Council had reviewed ntice110 Enterprise Guidelines ions made: 1) Job creation to requirement of 10%, and 3) un to 30%. eps would be for the EDA commissioners meeting, meet with the lending he program to the existing RAMP AT INTERCHANGE 118. Mr. O'Neill reported that Jim Boyle has approached him about the potential of a County Road 118 easterly on ramp and a westerly off ramp which would open up and create movement in t e area. Cost of the project is approximately $260,00 inclusive of engineer fees and with free land. It as suggested that possibly part of the project cou1 be financed by Tax Increment Finance if for example a bottle company would locate in the industrial parks hich would generate sufficient increment to assist with ramp cost in addition to reduced land costs. Da1 Lungwitz felt public objection of the use of TIF to ass st a land developer. It was the IDC suggestion to re earch additional information on traffic patterns in t e area of Hwy 25 and Cty Rd 75. The total cost of n w complete interchange is 1.5 million dollars. 7~ CONSIDERATION OF AN AIRP RT UPDATE. . Mr. O'Neill reported tha expand current airport 0 are for a 2,500 to 5,000 runway would require the township road at Hightwa the owner has two airport designs: create new airport. Plans foot runway and to create a new purchase and relocation of the 25, this to accommodate the . 7. CONTINUED. common wind direction. See to commit a percentage of f and retain revenues created gas pumps. However in both require municipal ownership issue not be bought to the time until further research continues to talk with surr potential willingness to se a letter to MDOT Aeronautic and the IDC is supportive 0 inclusive of required studi his feelings that the IDC s it as a dead horse because general consensus of the ID letter and suggested the Ie IDC MINUTES - 4/20/89 nd design would be for the City nancing. split maintenance cost. through lease hanger space and designs the airport would It was suggested that the ity council attention at this is completed and Mr. Hallilu unding property owners for 1. Mr. O'Neill will write Department stating the City the airport creation/expansion s. Arve Grimsmo expressed ould drop the issue and sees f previous attempts. The was supportive of Mr. O'Neill's ter be vague. 8. CONSIDERATION OF THE BROCHU E DESIGN PROGRESS UPDATE. . Mr. O'Neill informed the ID Al Larson. Steve Henning. a ago and discussed the appro objectives. extensive think constaints). and marketing by the IDC to talk with Cha appointing a sub committee Commission. IDC. and the Ch 9. CONSIDERATION OF EXTENDED Koropchak reported that Joy had expressed their time ha signatures for interest in and encouraged the business IDC has several choices of start over collecting signa 295 exchanges or 600 signat 3) collect additional signa and 4) request City Council area phone services. The C with this project. The IDC request City Council endors required interest signature person to collect the signa it is in the best interest that Dan Carlson. Ken Maus. d he had met about eight weeks ch for a brochure design: ng (community assets and trategies. It was suggested rperson Johnson to consider rom the HRA. EDA. Planning mber. EA PHONE SERVICES UPDATE. Swenson and Elaine Norin been deleted in collecting xtended area metro services s to participate. The ) drop the interest. 2) ures (15% of the total res whichever is less). ures (approximately 100). endorsement of extended amber hasn't been envolved general consensus was to ment and obtain the necessary If need be hire a ures ($100-$200) because f the city and the IDC. 10. CONSIDERATION TO SET A DATE FOR THE JOINT COMMITTEE MEETINGS. . Monday. June 5. 1989 was set as the date for the joint meeting between the IDC. EDA. HRA. lanning Commission. City Council. and City Staff. Meeting will be held at the Fire Hall. IDC MINUTES - 4/20/89 . 10. CONTINUED. Koropchak is to make arran ements and notify other commissioners of the meeting date. 11. OTHER BUSINESS. None. 12. ADJOURNMENT. The IDC meeting adjourned t 8:35~. ~ ~~O~ Ollie Koropchak IDC Executive Director . .