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IDC Agenda 06-20-1985 ---. AG NDA MONTICELLO INDUSTRIAL DEVELOPMENT COMMITTEE Thursday, June 20 1985 - 7:00 A.M. Monticell City Hall 1. Call to Order. 2. Approval of the May 16, 1985, inutes. 3. Review of the 1985 Annual Ban uet. 4. Presentation on Speculative P oject. 5. Other Business. 6. Adjournment. . . . MINU ES MONTICELLO INDUSTRIAL EVELOPMENT COMMITTEE Thursday, May 16, 1985 - 7:00 A.M. Montice~~o City Ha~~ Members Present: Tom Eidem, Arve Chair Jay Morre~ Don Smith, Vice- Because Chair Jay Morre~~ was busy Gary Wieber opened the meeting and Apri~ 18, 1985, meeting minutes. said minutes, with She~~y Johnson passed 9-0. . The next item on the agenda pertai meeting on June 5, 1985. A copy 0 and anyone who would ~ike to atten Star City lape~ pins @ $2.50 each 1985. A~~en stated that he wou~d the 5th. Vice-Chair Wieber asked the IDC members for the Star City interest, it was the consensus of and wear them to IDC functions suc The discussion that fo~~owed cover Banquet. Al~en stated that Lynn S with a nuclear ~ogo to be placed 0 initials are also planned for the that they would videotape the spe it at a later date. A~len indica at the Monte Club. A question was raised as to wheth prior to the banquet or at the re that it was easier to have the in at the time of registration. A~l listing of those attending will h Chair Morrell asked how the speci their arrival. It was the consen Ron or Harvey ~ocate the guests t A discussion pertaining to the he and introductions took place. rimsmo, Ron Hog~und, She~~y Johnson, , Harvey Kendall, Bud Schrupp, hair Gary Wieber, and A~len Pe~vit. with a telephone cal~, Vice-Chair asked for approva~ of the ud Schrupp moved to approve econding the motion. It was ed to the Star City quarterly the agenda was provided, was asked to let Al~en know. ould be ordered by June 30, e attending the meeting on 'f there was interest among apel pins. There being enough he Committee to order 12 pins as the Annual Banquet. d fina~ details of the Annua~ ith ordered a special b~ock the City's ~ocation. Mr. McCarthy's ontage. Rite Cable indicated ch by Mr. McCarthy and air ed that everything was in order r name tags should be prepared istration. Ron Hoglund stated ividuals comp~ete a name tag n stated that an alphabetical ve notations for paid donations. 1 guests would be treated upon us of the Committee to have their appropriate places. d table seating arrangements It was decided that an open bar w uld take place from 6:00 p.m. to 7:00 p.m. only. If someone wi hed to drink during the meal, drinks could be purchased. The w itresses would take one order for an after dinner drink immedia e~y before the guest speaker starts. After that point, it cou d be a cash bar. . 1- . At this point, Chair Morrell aske members stated that it was harder new contributors, while others st that contributed in the past. Al to some new individuals, but lost gOing to be in town. He also ind time to explain the IDC and its a that because of various reasons, tickets as well as his own. Don Smith agreed that the sales w suggested that some of his sales/ tickets next year. He suggested be handled by us as a Committee a have not been contributors in the people. It was suggested that a be given. Don also stated that L montage to Mr. McCarthy. It was some background information on th present it. IDe Minutes - 5/16/85 how ticket sales were. Various than in the past to get any ted that they had lost some en stated that he sold tickets some old ones that were not cated that it took a lot of tivities, etc. Allen explained e took over three other members' re very time consuming and dvertising people help sell hat the usual contributors in the past, but those that past be given to the sales ommission of $5.00/ticket could nn did not care to give the greed upon that Don would prepare montage and that Arve would The Committee questioned the tick t count and the attendance. Allen stated an actual count of c mmitment at 130 tickets as of May 16, 1985. He further stat d that although 130 may contribute, a smaller number may actually att nd. . Arve Grimsmo asked Harvey Kendall speeches with question and answer he did not know how he might reac be discussed prior to the dinner. A lengthy discussion took place w from the work that this Committee that there was no excuse for some when they get thousands of dollar the businesses this Committee bri Committee's consensus to stress t banquet letter's first two paragr and added that some new contribut donate but not come. They realiz on industrial jobs, his business new jobs. if Mr. McCarthy followed his periods. Harvey stated that to this but felt it could th regard to those who benefit does. Committee members felt businesses not contributing as a result of the City and/or gs into the City. It was the e information that was in the phs. Allen restated that information rs such as Dave Hyttson will that although we are concentrating ill feel the effects of those The next item on the agenda perta"ned to STP. Chair Morrell asked about the snowplow/truck bo y aspect of the project. Allen updated the Committee on why the orwegians might not proceed with the snowplows/truck bodies p rt of the project. Because people generally are reluctant to change, are skeptical of new ideas/innovations, and are leery bout low prices, the Norwegians are having a tough time selling t eir projects. . IDe Minutes - 5/16/85 . Allen explained that the City of nticello does not like the quality of some other products, an if buying another plOW would likely purchase an STP plow. We f el that their products will help sell themselves in the future, but we want to stress Bondhus' IMF as a major force in initial ac eptance and distributorship. Bud asked if the snowplow/truck y firm did not become part of the greenhouse project what th chances would be for the rest of the greenhouse participant. Allen stated that the last few conversations with STP have be n without the snowplow/truck body firm but included 5-6 other N rwegian firms. In other business, Allen updated with the Minnesota Farm Bureau. H is for sale, and word is out among is a contender. They will not mak the building. e Committee on the progress stated that their building their employees that Monticello a choice before they sell Vice-Chair Gary Wieber complimente the presentation they made to the indicated that the Farm Bureau was Chair Morrell and Allen on arm Bureau. Chair Morrell very impressed with the presentation. There being no further business, e meeting was adjourned. . rx:1.;! , ~~,~ ~ Allen L. Pelvit Director of Economic Development . . IDC Agenda - 6/20/85 3. Review of the 1985 Annual Banquet. (A.P.) A. REFERENCE AND BACKGROUND: Enclosed are Exhibits I and II. E budget for the 1985 Banquet. Exhi with the anticipated donations to they are very similar to those of Financially, the banquet was a will help sustain our efforts. Bu to improve the banquet. Last mont a few of his people sell tickets t donated before. He also suggested per $75.00 ticket. Those that are still be handled by the Committee. hibit I indicates the proposed it II shows the actual amounts e received. As you will see, ess, and the monies raised we need to look for ways Don Smith suggested having businesses that have not giving a commission of $5.00 regular participators would Please take a few minutes to think of anything that we may do differently to make the banquet mo e of a success. Also, please bring suggestions for next year's uest speaker. There are no alternative actions 0 recommendations presented for this item. . D. SUPPORTING DATA: Exhibits I and II. . EXHIBIT I . PROPOSED BUDGET FOR 198 ANNUAL BAN DEI Revenue from ticket sales: 150 @ $75.00 "" Expenses: 60 lobster @ $11.95 90 steaks @ $10.95 150 beverages @ $4.05 150 hors d'oeuvres @ $2.18 Gratuity Sub-total Less cost of montage NET PROFIT . . $ 71 7.00 985.50 607.50 327.00 250.00 $ 2,887.00 85.00 $11,250.00 $ 2,972.00 $ 8,278.00 . EXHIBIT II 1985 Annual Banqu t Budget (Actual) Revenue: Expenses: Monte Club Monte Club (gratuity) Monticello Office Products (name tags) Monticello Printing (tickets, letters) WoOd-type Montage . Plus donations not received at this time, but expected to be received Net Profit * This amount ($1,425.00), as in 1 various individuals/businesses a this time. Due to the fact that payment or some businesses only month, we may not receive all thl weeks. This is similar to what . $ 7,875.00 $ 1,852.00 185.00 4.34 69.18 98.00 $ 2,208.52 $ 5,666.48 $ 1,425.00* $ 7,091.48 84, has been committed by d has not been received at some are just late with their rite checks 1-2 times per donations for another 1-2 ook place last year. IDC Agenda - 6/20/85 . 4. Presentation on SpeCulative projeo . (A.P.) A. REFERENCE AND BACKGROUND: In the past there have been indivi uals interested in developing Block 15 lying directly south of t e B.N. Railroad tracks and east of Highway 25. They were int rested until they looked into the feasibility of its development. Because the present marsh-like condition of the land would requir substantial site preparations, developers have not pursued develo ing this property. National Bushing has been interested in this property, but because of the extraordinarily high cost of preparing it for construction have decided to abandon this site. The City of Monticello and its Fire Department had rejected t is site because of the high costs of site preparation and futu e costs of soil corrections for the parking lot, etc. Other sites with lower costs have been selected. During the past year, I have been in a speculative building for the I have had little interest on a p continue to work on speculative s trying to get developers interested industrial park. To date, e speculative basis. We will ce for the industrial park. . veit Construction has made it kno that they are interested in the property for the purpose of constructing a speculative 25,000 sq. ft. building with 16-faot sidewalls. The building is estimated to cost $650,000.00 a d will provide an annual tax of $22,000.00. Veit Construction as requested to he on the HRA's JUly agenda to explain their project and request the use of Tax Increment Financing. The proposed project is one that ill 1) provide jobs; 2) increase the City's tax base; 3) transform an unuseful piece of marsh into a productive piece of commerQial property; and 4) aid in the construction of 6th Street bet een Highway 25 and Cedar Street. Tom Godlewski from Veit Construction will be present at the meeting to explain the project in more de ail. There are no alternative actions dr recommendations for this item. .