Loading...
IDC Minutes 07-27-1989 . MINUTES MONTICELLO INDUSTRIAL DEV LOPMENT COMMITTEE Thursday, July 27, '989 - 7:00AM City Hall MEMBERS PRESENT: Chairperson S Ron Hoglund, Jim Kruger, D Linda Mielke, elly Johnson, Dennis Taylor, ave Peterson, Rick Wolfsteller, Ie Lungwitz, Arve Grimsmo, and Ollie Koropchak. MEMBERS ABSENT: Donald Smith, Lowell Schrupp, Harvey Kendall, Ken Maus, Jay Morrell, and Dale Pogatchnik. 1. CALL TO ORDER. Chairperson Shelly Johnson aIled the IDC meeting to order at 7:00 AM. 2. APPROVAL OF THE JUNE 9 IDC MINUTES. Dale Lungwitz made a motion 'to approve the June 22, 1989 IDC minutes, seconded e Peterson, the minutes stand approved as written. 3. CONSIDERATION OF THE IDC B . Chairperson Johnson reminde Banquet date. Monday, Octob confirmed with the Monte Cl discussion centered around committee's philosophy of a Chairperson Johnson express available for a fee of $600 the IDC to stay with their names suggested were: Marv the Timberwolves. former or Northern States Power or Ca Leader Roger Moe. The IDC debated various tic concern of those participan spouse or a guest. Options for spouse/guest or two tic was made. The IDC agreed t and with the support of the Chairperson to also include of the banquet program. Th contacts with the suggested, meeting. UET: SPEAKER AND PROGRAM. the IDC members of the IDC r 30, 1989 which has been b. Next the members ast banquet speaker and the business focus speech. d that good speakers are above. however. encouraged ast approach. Speakers' n Wolfenson and Harvey Rattner. owners present Chairman of the Board for gill, or Senate Majority et prices which addressed the s who wished to bring their $75 per ticket plus $25 ets for $125. No decision include the industrial testomonies Chamber Chairperson and Vice the industrial displays as part subcommittee will make initial speakers prior to next months . 4. CONSIDERATION OF AN UPDATE F THE EXTENDED AREA SERVICE PETITION. Koropchak informed the IDC . hat a person had been hired to co:l;leet the additional 150 signatures to satisfy the requirement of the Public Utilities Com ission Ruling. IDC Minutes - 7/27/89 Page 2 . 4. CONTINUED. The petition shall be signed by 15% or more of the customers or 600 customers, whichever is less, in the petitioning exchange. To date approxim te1y 75 additional signatures have been collected. 5. CONSIDERATION OF AN UPDATE Koropchak reported that the. advertising and design firm,' alternative proposals for de information and promotional cost to $8,000 to $16,000 i 6. CONSIDERATION OF INCENTIVE: . On the recommendation of Ma of Buffalo for their financ recently recruited Minneapo Administrator explained the sold the land for $15,800 p two years, third/four years year full payment. The Ian Tax Increment Financing, ho developer may have been acc taxes were deferred. Koropchak also informed the "Pay-As-You-Go". The finan the amount of tax increment risk to both the city and t need for the city to provid The difference between "Pay bonding methods is that the versus the bond holder. Chairperson Shelly Johnson was that the City of Buffa1 private development of Buff if the project is for the g forgive their portion of th THE MONTICELLO PROMOTIONAL MATERIAL. ity Council had authorized a professional Henning & Associates, to prepare e10pment of a marketing program and ateria1. Proposal should range from eluding printing costs. DEFERRED TAXES. Maus, Koropchak called the City incentive program offered their is firm. The Assistant City 'City owns the industrial park, r acre with no payments the first no interest payments and fifth was not written down through ever, other assistance to the mmendated through TIF. No IDC of a new financing method ia1 tool objectives are to maximize .avai1able for development, reduces e developer, and eliminates the its general obigation pledge. As-You-Go" and the traditional city makes payments to the developer nformed the IDC that his understanding used Tax Abatement for the original 10's Civic Center. In other words, od of the public a City may taxes. City Staff was to continue esearch of financial incentives, report to the IDC for discu sion with the potentially, in time, of a recommendation t the City Council for consideration. 7. PROSPECTS: Manteq Internat ona1, Inc. - At present the Letter of Intent to Ma teq International, Inc. executed by the IDC and ailed to Manteq hasn't been executed . IDC Minutes - 7/27/89 Page 3 . 7. CONTINUED. by the company because of a working capital and questio reside in Monticello. The by Mr. Pat Pelstring, Busin The companys' financial sta by the end of July with a p and Mr. Stewart Wilson to M GENEREUX - project has been in the expected cabinet sal additional need of $100,000 for ed whether Manteq officers must wo concerns are being handled ss Development Services, Inc. ements are expected to be completed anned visit by Mr. Norm Strand nnesota in early August. on hold because of a slack NSP - the third round of co struction bids have been awarded to a contractor, and at presen the corporate office is completing a comparative own/rent cost analysist to determine whether the project will be NSP owned or leased. Plans are to have the construction completed by December, 1989. . TITAN RECREATIONAL PRODUCTS in Oakwood Industrial Park. the building, restoration, a paint facility. The company which has received preliminar formal application process. Seller and buyer must agree company needs to complete th for loan approval. Expected and myself toured the facili with the improvements of th of the owners. The company trailers and is a distributo Sales office is in Big Lake. BONDHUS CORPORATION - Prelim given for the small furnace hasn't requested a loan from The company has been notifie leases the old Best-In-Webb building Plans include acquisition of the d expansion of a 5,000 sq ft has requested funds from the GMEF approval and now is in the Two things need to be completed: n a purchase price, and the requested financial information employment of 20. Kevin Doty y recently and I was impressed facility and by the enthusiasm roduces snowmobile and boat for Polaris and Skido' Snowmobiles. nary application approval was oom expansion, however, the company the designed lending institution. for the need of a bank loan request. TIM MORIARTY - the company i a small operation of design and fabrication of plastic and dIe cast moles which has been interested in one of the cit small lots for some time. Mr. Moriarty has asked several tOmes about the possibility of the city selling the property on a contract for deed. At the last Council meeting a polic was established for sale of City owned lots which would allow sale to occur under contract for deed terms which would include a minimum of 25 percent down, with the interest rate adjust ble based on the current market rate. Koropchak will notify r. Moriarty. . IDC Minutes - 7/27/89 Page 4 . 7. CONTINUED. BRIDGEWATER TELEPHONE COMP Y - based on a discussion with Mr. Rierson for Bridgewaters plan to alter or expand the structure located on West County Road 39 and based on the fact that the projected increment on a new facility on one of the city owned lots would be substant:"ally small, the suggestion was made to swap lands. Koropch k wrote a letter to Mr. Rierson of his options, informing him that in accord nce to the city ordinance, the present use of the property s a site for cold storage is a legal but non~conforming use If plans are to expand or enlarge a structure for use in conje tion with current operations this is not allowed under current la. In order for an expansion to occur at this site an amendm nt to the ordinance would be required. Bridgewater has n option to amendment the ordinance or relocate to the industria park. City staff will continue working with Mr. Rierson. 6,000 OFFICE COMPLEX - compa of a new office complex beca to hold off relocation slack in construction work. 135,000 SQUARE FOOT FACILITY - this company contacted Monticello as a potential relocation si e for the production facility now located in Minneapolis. The company fabricates insulating glass products and employs pproximately 150. Their major supplier is Anderson Windows in Bayport, Minnesota. Koropchak asked for volunteers on the I C promotional committee to participate in a company tour of the Minneapolis facility on Tuesday, August 1, arrival 9:. 0 AM. Details will follow. . STANDARD IRON AND WIRE WORKS, Standard Iron and Wire Works on July 11 inquiring of avail incentives, and specific ordi construction. An informationa was prepared by Koropchak and called the company to make ar a company visit to Monticello approximate 50,000 sq ft buil would be new. Skilled labor time of the telephone call, K company's plan to close on th Arve Grimsmo expressed his th contact rather than informati INC. - Mr. Rick Demeules of ad contacted Koropchak's office ble industrial sites, financial ance information for industrial package plus specific information mailed. On July 21, Koropchak angement for a plant visit or Original plans were for an ing with 70 jobs of which 40 rom $8.00 to $12.00. At the ropchak was informed of the purchase of land in Rogers. ughts of the need for personal n by mail. FOOD PROCESSING - Koropchak i formed the IDC that she had contacted Pine City regarding the inquiry that the food processing company had located in Pine City. Officals in Pine City responded that the 0 ly food processing or related such industry was a long time stablished locker plant. . . IDe Minutes - 7/27/89 Page 5 7. CONTINUED. POOL HAWK - is a new start state electronic detection entry and intruders. The production lease, inventor' Mr. Ron Anderson was refer of BDS, Inc. to evaluate b Monticello would be intere Mr. Anderson will be compl and financial statements n up company who produces a solid- alarm which alerts one to unintended pool ompany needs are 1500 sq ft for and working capital financial needs. d to my office by Pat Pelstring siness ideas and product, and if ted in funding such a new business. ting a business plan, projections, eded for bank or GMEF loan application. MARTIE FARM SERVICE - Mr. artie has elected to begin construction of his facility in the ind strial park next year. K-MART - Mr. O'Neill not p esent at the meeting, the item was tabled. 8. OTHER BUSINESS. None. 9 . ADJOURNMENT. . The IDC meeting adjourned t 8:15 AM. ~ ~~O~~ Ollie Koropchak IDC Executive Secretary .