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EDA Agenda 06-12-2019AGENDA REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, June 12th, 2019 — 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 a. Consideration of approving Regular Meeting Minutes — May 8, 2019 b. Consideration of approving Special Meeting Minutes — May 29, 2019 c. Consideration of approving payment of bills Regular Agenda 5. Consideration of Fa�ade Improvement Program Grant for 142 West Broadway 6. Consideration of Rivertown Residential Suites' Apt. Development Exterior Elevation 7. Consideration of Preliminary Development Agreement with Beard Group, Inc. for prospective Block 52 Redevelopment Proj ect 8. Director's Report 9. Closed Session — Consideration of recessing to closed session to develop or consider offers or counter-offers for the purchase or sale of real or personal property pursuant to Minnesota Statute 13D.05, Subdivision 3(c)(3). Property Address: 101 West Broadway Street - PID #155010052090 Property Address: 107 West Broadway Street — PID #155010052070 Property Address: 121 Broadway Street — PID #155010052031 10. Adj ourn MINUTES REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, May 8th, 2019 — 6:00 p.m. Mississippi Room, Monticello Community Center Commissioners Present Commissioners Absent: Staff Present: 1. Call to Order Steve Johnson, Jon Morphew, Tracy Hinz, 011ie Koropchak- White, Lloyd Hilgart, and Jim Davidson Bill Tapper Jim Thares Steve Johnson called the meeting of the EDA to order at 6:00 p.m. 2. Roll Call 3. Consideration of additional a�enda items None. � 4. Consent A�enda TRACY H1NZ MOVED TO APPROVE THE CONSENT AGENDA. JON MORPHEW SECONDED THE MOTION. MOTION CARRIED, 6-0. a. Consideration of approvin� Re�ular Meetin� Minutes — April 10, 2019 Recommendation: Approve Regular Meeting Minutes — April 10, 2019. b. Consideration of approvin� Special Meetin� Minutes — April 10, 2019 Recommendation: Approve Special Meeting Minutes — April 10, 2019. c. Consideration of approvin� Special Workshop Meetin� Minutes — April 25, 2019 Recommendation: Approve Special Workshop Meeting Minutes — Apri125, 2019. d. Consideration of approvin� pavment of bills Recommendation: Approve payment of bills through April, 2019. Re�ular A�enda 5. Consideration of Block 52 Soil Borin� Quotes Jim Thares explained that the EDA authorized staff to solicit bids for soil borings on Block 52. The borings would be helpful for any redevelopment efforts especially as it relates to understanding the potential for or limitations of underground parking. Chosen Valley Testing out of Eden Valley was the low bidder at $5,655. Jon Morphew asked if there were any concerns with this company completing the work. Thares declined stating that they completed the borings at the fire station site recently with all work satisfactorily performed. Economic Development Authority Minutes — May 8�', 2019 Page 1 � 3 OLLIE KOROPCHAK-WHITE MOVED TO AUTHORIZE THE LOWEST QUALIFIED QUOTE (CHOSEN VALLEY TESTING, EDEN VALLEY, MN) FOR GEO-TECHNICAL SERVICES FOR BLOCK 52. JON MORPHEW SECONDED THE MOTION. MOTION CARRIED, 6-0. 6. Consideration of Authorizin� Ne�otiations for Lease of EDA Owned Propertv - PID #155033900010 Jim Thares introduced the item to the EDA. He explained that staff received a inquiry regarding a possible lease of an EDA owned parcel, known as Country Club Manor, located along 7th Street West and adjacent to I-94, to be used on an interim basis for a batch plant and staging area for contractors working on the upcoming I-94 improvement proj ect. The proj ect will increase I-94 to from two land to three from Monticello to Clearwater. Currently, the use is not allowed by the Zoning Ordinance and would require City Council approval. City Staff compiled a list of questions to ask the contractor interested in the site. The contractors would use the site from March, 2020 through December, 2021 from 6 a.m. to 8 p.m. Initial site preparations would consist of removing some topsoil and trees and replacing that with an aggregate base. Following completion of the project, the aggregate would be removed and the soil would be seeded back to grass. Daily use of the site during the construction seasons would consist of approximately 400 loads of materials be brought to the site via CSAH 25, 7th Street, County Road 39, and Chelsea Road. A portion of the project will allow direct access to I-94 west bound lanes for that stretch of work The contractor of interest, Michels Construction, WI, provide answers to all questions including: noise, dust emissions, lighting and site safety. Lloyd Hilgart expressed concerns with the with potential for a disruptive impact to the local neighborhood. He noted that the proposed lease amount of $30,000 to $50,000 per year is relatively low when measured against the various problems that may arise with the use. Jon Morphew expressed that the EDA if interested at all in this proposal should consider it from its mission of Economic Development and land owner, versus as a land use body which is the role of the Planning Commission. He stated that if the EDA indicates a willingness to consider a lease agreement with Michels, the Planning Commission should then hold the required public hearing(s) followed by the City Council's action and then the EDA would be in a position to review a possible lease agreement. JON MORPHEW MOVED TO TABLE AUTHORIZATION OF NEGOTIATIONS FOR LEASE OF EDA OWNED PROPERTY ALONG 7TH STREET WEST (PID # 155033900010) WITH INTERESTED CONTRACTORS AND/OR MN-DOT AS A TEMPORARY CONSTRUCTION RELATED ACTIVITY OR STAGING SITE DURING THE I-94 IMPROVEMENT PROJECT FOR FURTHER RESEARCH AND/OR DISCUSSION. LLOYD HILGART SECONDED THE MOTION. MOTION CARRIED, 6-0. Economic Development Authority Minutes — May 8�', 2019 Page 2 � 3 7. Director's Report Jim Thares provided the Economic Development Director's Report. He started the item by reviewing the WSB Economic Development Assistance update as provided in the agenda. He also provided information about River Town Residential Suites and the prospect list. He noted that the GMEF loan closing for Monticello RV occurred on April 30th. Thares invited the EDA to their groundbreaking on May 15th at noon. Thares then discussed the potential of a special EDA meeting to discuss Block 52 on May 29th or 30tn 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, Subdivision 3(c)(3). Propertv Address: 300 - 4th Street East - PID #155-019-008010 9. Adiourn TRACY H1NZ MOVED TO ADJOURN THE MEETING AT 6:34 P.M. OLLIE KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 6-0. Recorder: Jacob Thunander Approved: June 12, 2019 Attest: ��_ — Jim Thares, Economic Development Director �� Economic Development Authority Minutes — May 8�', 2019 Page 3 � 3 EDA Agenda: 6/12/19 4d. 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 May, 2019. 2. Motion to approve payment of bills through May, 2019 with changes as directed by the EDA. C. STAFF RECOMMENDATION: Staff recommends approval of Alternative #1. D. SUPPORTING DATA: A. Accounts Payable Summary Statements 0 z 0 4 � C � � � a 0 .� L U O O O O�f� �f� O O C O �D �D O O O l� l� O O C O 7 7 N N O l� O 00 O O � O L� L� �D �D O c+l � l� N �n �n �D Cl Cl L� L� �� m m l� l� eY eY r� r� --� N m m ..'7 ..'7 ..'� ..'� ..'7 C N O� O� O� O� ���� � ..'7 ..'7 ..'� ..'� O N N N N N M N � � � � � � � � � O O O O O ^ O � � � � � ~ N � N ^ N ^ CL .. � � � � � � M � � � M p � �:J 'V � '""' � `�'�' ir, ir, ir, i!1 7 if� 7 i!� 7 �!� rt p'j O O O O � O � O � O � Q � O Q i� Q i� V] C� '"�' '"�' "�" '+�- � iC y :d �e e � y o � o 0 0 � y � � � � � � � � U v� -✓� ;! � cn_ +' v� � i. C � �- O� � '.�i � � � � � '�L'i � '�t'i � ry � � C � N y y � � p" � C �i v � C � i" � j � q j F hCJ � � L] � y C G �j SJ � 1 Q � Q ,✓L � J X. y � R] � � GI] i Q a-�' �° � C O I�1 CJ ]J N a Ll�i J a� N � �' w W � ir, v � W � � Q O � � � � a � y C5 W C5 .� e�v � CI x x x x v � � � � � U U U U rWi� WWWW z z ���� � F w ~' C7 C7 C7 C7 � .r�n � � � � z �¢ �¢ �¢ �¢ � z � w Q Q Q Q � � � � � � � � � x z � � � � 3 i � O O O O O O O O � � � � 0 0 0 0 M M [+l [+l � � � � � � � � m m m m W �:J �:J �:J � � � � � � � � N N N N P�g�: 1 ��nr��d�r $� �r�v�n, �hart�r�d' 2C4 Soukh S�xah �[ree#, S;,�ite �4�� Minne�pa��s, �.if� �5�0� ��ty �f r�ont�ce��es h,r1 � rCf� 31, 2 01 � MN1�0-�C1101 C��r��r�lEC]Pi�l�tters �hl't�ugh �+18iGh 31, 2Q19 �Fnr f�l,l L�g�l S�ruiCe� F�s �Follp�� H�;�rs Arr�aunt �,r9�,`�019 MN� ;�es�arch �n �anflict of irt�re�# �que�tics�: m�nthy fin�n�e 1.�p c�nf�rence e�ll w�ith E�A s��ff and �l�srt'�I�nd ���7��I�1� 11r�C�11 �r�fk 2f]1 ��Udik le!�ter EOr i�r1c��Ci�ellc� ���} Total ,'5�r�ri��s: Tota�l S�rvac�s and Disbur�emerlts; $ 44€3,0(} Julie Cheney From: Jim Thares Sent: Tuesday, May 7, 2019 9:54 AM To: Julie Cheney Subject: RE: Kennedy & Graven (4) Julie, these are all okay. Please code to: 213-46301-430400 From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Tuesday, May 7, 2019 9:34 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: FW: Kennedy & Graven (4) Jim — Following up on these invoices. I would like to include in our check run tomorrow. Thanks! From: Julie Cheney Sent: Wednesday, May 1, 2019 3:42 PM To: Jim Thares <Jim.TharesC�ci.monticello.mn.us> Subject: Kennedy & Graven (4) Jim Attached are the following invoices from Kennedy & Graven: #MN325-00038 —112 W River St - $371.75 #MN325-00041—GMEF Loan - $1,120.00 #MN190-00101—General EDA-$400.00 #MN190-00159 — Block 52 - $437.00 Okay to pay? Please provide coding for each. Thanks, _IuCie C(�eney Finance Assistant City of Monticello 763-271-3205 Julie.CheneyC�ci.monticel lo.mn.us APC�ci.monticel lo.mn.us [�ary f�F �_�� �� ��r��i��ll� � Pa�g�: � �enn�dy � ��av�n, ����t�t'�d 20I] Sauth �ixt� �kr�ek, �uite ��� �+'linn��polis. MN �5��� �i� of M�n#i�ello M�reh �1, �019 �'{r'� .v,�'���ti� 'h+1N19Cti-00��9 Blo�k 52 R�dev�le,pment '','�,��� �6t 7..� ��'1fOL.��f1 ���Ci� i�, ��1� F�r .�II L�g�l �erv�Ces ,�s Follcsws. 2?19;2i7� � MN'. R�vO�w d�cumenks frorry J TI�2r'es c�n pc�te�rtias red�velap�nen# �€ Bl��k 5� 3l131�{�1'� f+�l�l Remc�te ��kend�nce at EQ,4 vr�rksnop Can Blo�k �2 re€ie�+eCbprr�e�t propc���,l� 3:�93�+�019 MNI I`u'Ivr��icell� - Block 5� meeting prep�rativr�. --- s �y .�. __ f, �i _ - -�-'�� � � � � F _�n,'ti,� �� Total S�rvi�es: Haurs r4mount 1.''� 0,8�1 57.OQ 2�(l �JG � 6�1. Q�1 � 437,Q� Tc�tal �ervices .and Di�k�ur��rner�ks: � 437.{�D Julie Cheney From: Jim Thares Sent: Tuesday, May 7, 2019 9:54 AM To: Julie Cheney Subject: RE: Kennedy & Graven (4) Julie, these are all okay. Please code to: 213-46301-430400 From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Tuesday, May 7, 2019 9:34 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: FW: Kennedy & Graven (4) Jim — Following up on these invoices. I would like to include in our check run tomorrow. Thanks! From: Julie Cheney Sent: Wednesday, May 1, 2019 3:42 PM To: Jim Thares <Jim.TharesC�ci.monticello.mn.us> Subject: Kennedy & Graven (4) Jim Attached are the following invoices from Kennedy & Graven: #MN325-00038 —112 W River St - $371.75 #MN325-00041—GMEF Loan - $1,120.00 #MN190-00101—General EDA-$400.00 #MN190-00159 — Block 52 - $437.00 Okay to pay? Please provide coding for each. Thanks, _IuCie C(�eney Finance Assistant City of Monticello 763-271-3205 Julie.CheneyC�ci.monticel lo.mn.us APC�ci.monticel lo.mn.us [�ary f�F �_�� �� ��r��i��ll� � �age � K��r��;�ly� � �rave�, �hart��r�d ��o � rtr� ,�� t �� t � �r ��� �� �� ���, ��� , �� � �l�nne��ors: �9N 55a�� � h+lont���llo EL�A n�ar�r, 3�. �o�s ta+�f�325-OQf�41 Cf�1EF L���t - �rl�nticell€� RV �en#er ���_� 1 � �, r.i,� � � � � . ,.., �� �,;.�.. ��� Th��ugh Nl�r�h �1, ��19 I�tsr A.II L�ga �en+ic�s F�s �ollovds 3�+22l2C�1�� MNI L�raft GM�F loa� �gr��rr�er:t `or Q��N ln�+es#rr7er�#� I�€��r� Am��nt 2.1 � 42p 00 �F��12C}15 �1lINI C��aft laar� agr�eerr��nt f�r p�N In�+estrnents {I�rlontie�IlQ 1.3�} R �! ��rster�� 3+25?2019 �I�I ��eui�e Loan Agr�em�nt 0.�[� �F27l201� MNI P�on� �nd email corr�sponden�� with J'fh�r�e� 2.4� r�g�rd n� 'eg�l tie5�r'ptic�� f�r lo�n �gr��r�enUrn�r*gag� fin�Lz� ��d cir��l�t� I�an �iocurnerts. Tc�tal �etvices Total 5ervi�es and �ish�ur�em�n��: $ 9,i2Q.4�N Julie Cheney From: Jim Thares Sent: Tuesday, May 7, 2019 9:54 AM To: Julie Cheney Subject: RE: Kennedy & Graven (4) Julie, these are all okay. Please code to: 213-46301-430400 From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Tuesday, May 7, 2019 9:34 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: FW: Kennedy & Graven (4) Jim — Following up on these invoices. I would like to include in our check run tomorrow. Thanks! From: Julie Cheney Sent: Wednesday, May 1, 2019 3:42 PM To: Jim Thares <Jim.TharesC�ci.monticello.mn.us> Subject: Kennedy & Graven (4) Jim Attached are the following invoices from Kennedy & Graven: #MN325-00038 —112 W River St - $371.75 #MN325-00041—GMEF Loan - $1,120.00 #MN190-00101—General EDA-$400.00 #MN190-00159 — Block 52 - $437.00 Okay to pay? Please provide coding for each. Thanks, _IuCie C(�eney Finance Assistant City of Monticello 763-271-3205 Julie.CheneyC�ci.monticel lo.mn.us APC�ci.monticel lo.mn.us [�ary f�F �_�� �� ��r��i��ll� � f�ic�ntic�� d ED�A Nlarch 31 �Q19 ��C��: � I��I��1�d� 8� �P�V��ti, �F��rt�r�� ��4 ��U��1 �Ik�.i' �t'��`.. �L:I�� �f(J fuls�neapo :s. f�1hl �54D2 � � � P�1N32�-ti0C138 11 � '�,r�P f��u�r �treet Th.r[��gh M�r�.h 31. 201 � F€rr,411 Leg�l �ervices ,4,s Folfaws 3i1 "�1��7'19 CBF� Reviev� title policies; s��+� G�a s�+stern ���� � �� � P � 5 � k�` � � � � ��� . �_ �. �,,� Hour� Ar�ount 0.�5 31.7� ��"4r24i9 M�II pr�ft �nalysis af lease larrgu�ge [� J Th��es 1.�D 3!1 �?2Q19 �J°INI R'h�ne cqn�ers�kic�r� �vith J Ti�ares regardir�g re+�iew �r��d �J_�Q �n�ly��a� �r€ Le�s� pr�visipns To#�I ��rvi�es: Tot�l 5ervices arad Di�t�ursements; $ �71.75 Julie Cheney From: Jim Thares Sent: Tuesday, May 7, 2019 9:54 AM To: Julie Cheney Subject: RE: Kennedy & Graven (4) Julie, these are all okay. Please code to: 213-46301-430400 From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Tuesday, May 7, 2019 9:34 AM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: FW: Kennedy & Graven (4) Jim — Following up on these invoices. I would like to include in our check run tomorrow. Thanks! From: Julie Cheney Sent: Wednesday, May 1, 2019 3:42 PM To: Jim Thares <Jim.TharesC�ci.monticello.mn.us> Subject: Kennedy & Graven (4) Jim Attached are the following invoices from Kennedy & Graven: #MN325-00038 —112 W River St - $371.75 #MN325-00041—GMEF Loan - $1,120.00 #MN190-00101—General EDA-$400.00 #MN190-00159 — Block 52 - $437.00 Okay to pay? Please provide coding for each. Thanks, _IuCie C(�eney Finance Assistant City of Monticello 763-271-3205 Julie.CheneyC�ci.monticel lo.mn.us APC�ci.monticel lo.mn.us [�ary f�F �_�� �� ��r��i��ll� � 7t�1 9CF.fvld Ak+EHL�E S ����� ��� MINNf �4P.7LIS, Mh4 ����� � � � �}� ��� �� r _ �, �; � ; �� ` �� h ;���� 1 �ti �,�_- . �. - �� � �ti� �' � �ri, �,��� Gity of I�I�nt�cePl� �`• A�tn- Wayne C7berg, Fi�na�n�� �ir�c#�r� 5{3� UU�Inu# �[reet, Sui#e 1 Montieello, MN 55�6�-8�3i --- --- ,���;r��,���� ProfecU'fr��+c�ice: Re+riew��d by� �r�j�Cl �vlanage�� �[]99 E�t3nomic C]evelr�m��it �er�e�e� G�ty �#�f'F R�vie�er - Ji�n Th�res a4cct # 2�3.463C71.431990 �ro#es�iar�al Service� from Nlarch '�, .;�Q1� to fU�arc� S1. �019 Phas�e i70i 2{D1� Ecanomi� �errel�prr��nt Services Mor�thly R€Cair,�r F+ee Tolal Fee �,DO{l.�}D P'erce�# �ampl�te Bi��i�gs to D�te ��� d�-�113�22-(1�1t} - 3 �ret 'JU�eiss J'�me� �r�m}��rg 7�.00 Total E�rned �.25Q.C10 PrBvious Fee 8iNling 1.50�.00 �urr�nk Fe� �illing 75p,�1� Total Fea 75�.40 Tc�tal this Task �7��.{�0 Total tMi� Phase $�50,0� �u�rerrt Priear F�� 750 Of} 1, a4�,��0 Labor 0.(l�4 8fi5.�Ch Tot�ls 7�0_00 2,3�5�.5� Tc�t�,l thi� In�rai�e �T.�f�_pp Tatal 2.2��],QO 8�5.�0 3,17 $, 50 Re�uest C�axe: ���J � � � �Ch��kta: HarryT L�nto �07 � "� Av� � ��ffal�, MN 55�1� Me�tings W�rk+ed: CJ���K �EQUEST C�heci. Ar�`ic�unt: � �".� � . � � Vend�r #: f+,+i�e�tir�� G��e Tirn� - 1 AmOunt Due � Pl�rinirtg�b�rirr7i��ic�n �.�° . � , �� � �" �� � City ��uncal � ' � , � � � • � Er�� ������� �".�� c���r c���,�:�� �f - �"� . ��� � , �� Tota I Du�: � �� � Plar�n ng C�mmi�sic�n E pA: �Cit� CaunCil: 1tJ1.41�1�.419�c� `�' C� �7 213.4�.301,�319�� � i.�r�J �fl1_4111�.4�1�9�7 `� � �C� � C�-� ��� ��.� f� `�� Aut�ur:�z�ed E3y �]�#e: +•f . ��' �'� Tlfv'IE SHEE1 �TTA�WEp �ity of A�1�+nti�ell� �J�tf�t�ed C}ctc�ber �p18 C'!TV {7F `�� �.��'1����� TIME�HEE�` fV�f�'lE; H�R.RI' Lr�f�T� IY�l��[�►1��i11��[�1�� 1� ���►� E�:#�19�1���]► ���sL�� DAT� TIME IN �o�u�s T1M� �}UT h+lEEfil�l� h�EFTIfVG P.AYRVIENT= �bi� F�7R FIRST 3 HC]lJRS �X{� P�R f�i]IJF� FC�f� E'JFR�' FftJUR �FTER I�IIEETING REC(� si�rv�.Tu��= RY LANT��—�---�__ ��T�: � ��� �f -��� -- � � r� �] � ;� � ;' AI�TH�RIZE� BY, . C�ATE; _ _ .�� � �� � ��'`��;'i+'G�#��, f; .:;��.,,, s���� s��,w,, . p�dnrran�g � dew�dv�ar»e+at r jeo5,6,��ay rrrip;errrrr[ma�ur Tangible �onsufzing5er+�iees �6�2 3$Lh.A�u�nue �out� �rlinne�polis, MN 55��16 70; Jim Thares 54]5 1�1+alrru� ��reet, 5uite #1 N1oE-tCicello, f+�ahl 5536� Q ll A7�1 TIT�f' INV[�ICE #; 351 Invoiee �a�e: i]ecember 5. 2��8 �For work campl�et�d in N4verrrber�018j P RC.�J EC'f: Block 52 �e�elv�ment ,4nchor �iestaurant Se�arch D�S�f31Pfi10N 8� � � ��ours �or�sulting Tim� � T��m�� Le��h�on t�ver��� beyond �es��n#r�C� fee limi# ��,���1. Paym�nt Reque�t�d Wi�khin �� Rays To� Ta+�gible Consuitrng Ser�ices �55� 38"',�uer�u2 South Mirin��p�les, M�9hJ 554�36 1 UNdT RRICE 5��.�7 Pay T�his Am�unt �ir+�[t �#I� Inq�iries T[a: fihnma� Leightrn 61Z-�98-6559 dorn[ ta.n�it�lec�rnsulti n�.cvm �nn�o � r�r 5��3,3� I;�'I�;; c::�jl ' . �� :�'C1I J3I, E c<.��x��., :� {��„�.. Qecember 5, 2018 Mr, Thar��: This es � final �nvoice relati�+� ta our work f�e yvu an pra�rs�uing a e€e5#inativn ar�cF��r res�aurartit �►r be�v�pub t�nant fear Nlantu�ella`s Bf�ck 5� de�relcaprrrent� �.�,'e cc�ntacted several mor� rest�urateurs in N[�vember, resultirrg ir� a sm�ll 3�et t5F �andi�at� restaur�nts #h�t you mi�h# foll€�v� up v�+�th. I`v�e sumrn�r�ae�d the status c�f �II of our ��utr�ach :n a separat� errrail. I 5ti�l int�nd ta provide you � bi# rrsvre ir�formation� at�e�ut where +n�e !�ft �ff irr conuersa#i�r�5 wu�th th� c�ndidate r�estaur�nt�. ihank y�ou very much for enlisting aur �upp�rt fvr this proje,et! �est, ��� Thom�s Le�ghtvn, lilCp, EDFP Tang��ao€ Cansulting Serv�CeS 612-� �8-F, 559 to m�ta rs gi� I�eo n s u It�n�. � ur�i w ww.�.tar��i b li�� n s u It�ng. eonr �dannrrtg t dewetupm�Rt + {��rsrbi�rCV � rrr�p�emer�tairo�r Julie Chene Frvrn: 1uli� �hene;� 5ent: Moa�day, N1a� �, ��1� �;35 Ahr1 To: Jirn Th��re� �ubject: RE� Mca�#i�efl� Rest�urant Ar7chor - bil ling � N�[ se��� �,vhat ha��en��6. Y��, c�i�i s�r�d it tv m� in early A��ril, I r7�c�v��l it to my �rro[e�ssed �older h�rt Et cabvi�usly didr�'t get �ir�n�. I�,vill i�rcluc�� Gn our AP ci�e�k rur� t�r� ��u''��nesda}r. My a�a�lc��i��_ If yc�u hau� any oth�r q u�s[i�r�s, I�t me knav,�, J�a�ie Frort�±Jim Th�r+es 5er�t: �Ip�id�y, N1�y 6, Z[J19 �;C�9 Atv� To; Juli� Ch�r�ey �Julie.Ch�n�°y��i,rrtio�ti��llo,rrsn,us� Subj�ct: FW_ �+lon�ic�lln Restaurar�t Arrchor- billin,g ��a y�u �n�v� h�r� this is at� I tF,nught � had g�uen this tc� you �b�ut a mc�nth ago_ Fr�m: Thom�� Lei�l�t[�ra �r. ,o �;_`t �, �o=. I�I�•c�a+7sul:in�.c:t,rro� �ent, S�kurday, Illla+y 4, 201� �:Q�,4M To:JimTFs�r�S ��i�,o.Yf�,,•�.���,�ti9�._i �}��..,;�1 t�.� lr,�.r�7n..is� ��k�je�t: R�_ hrl€�nticell� F�e�t�ur�r�t +�r��hor - bi�le�n� Hi Jim. I still f���ren°t re�eivet� this, C�uld you pl��se check into ii� Than�Cs m��h' Tr� m Frnm: Th�mas Leighton �ent: Mond�Y, A�ril �, �01� 6:�5 PM T4;'1imThareS'eA�r.T.i:i..-,.;;;:; .ii�:;i•',i�.t'lit.;��vi�ti:> Subj�[t: RE; Mt�nti�ello Resta�rantAncfnor-billing: Hi Jim, Di� y�ou #ind arrythin� out �bout that ir�v[�i�e? `fhank�! Tpm From: Thorna� Leighton 5��nt: TueSd�y� A�ril �� 2�19 3;�{7 Ph�R TO:1imThaees�,i�r; I;s.�°�a.:�ac::��.�.����.:;�;r�r�'Jt�,.r�'�ri.c,=:� �uf�ject: RE: M�r�ti��ll� Re�taurar�t An�h�ar- k�illirrg Th�nksJim, � Fr�m: Jim TF��r�S� <:iii•..T��a=es�='�i.�r�;.ir��[it�llc�,riir�,u�� S�nt: 7uesd�y, Rpril 2, 2�19 3;4� Phll � _ Tti: T}�Orn�S L�I�h[�7n cl �sir,%��'l,+ri�i:° :�: �.r r�:,i tii��; �,;;rl�� 5ubje�ct: RE; Montic�Il� Fi��taurant Anchc�r - billing �om, I th�u�ht thi� had t�een pr�cessed Ivng �gv_ D�n't krro�+ uuh�at k�ap��ned, Will I��k into it thougl� �nd update y�ru, F�`��T°I: Tl�r�fR1�S L�i��ltOf� [�_•rT�i��ri�vil'rlt�C�[��t�u�l�ft�,CC�rYs� S�nt: Tuesday, April 2, 2Ci19 3:12 PfVI TO:lirt� Th�reS�ii���.TF�.s3.,s�,���t.:i.r?rt:,ril.rr��It7.riirl,tiS7 SWbject: Nionticellc� Restau�rant Anch€�r - billing �ii Jirr7_ I'r7� gl�d yC}u like� [he pc��k�[ ��rk Ct��1���l�r N'm folJ�wing up c�n the attache�i �r�vaiee, whieh 1 subFrrit�ed in �ecemb��, Lek m� kn�iw i� ih�r�'S �ri issu� witF� it, Thank�! Tarn Th4mas Leigh#�3n, AICP, EDFP Y�ngible �c�nsulCing Ser�ui[es 512-�98-655� ��,i:€;, ,. i__i;. ... . .�I:.n',. .. �s:�.... .�r�„.ih� ., i,.ifl,rr:� .-i� p�[Jf]!]td+it� +��IVt'�O�f71�Y7f ���L15'ff?J�i[y; �FT]}'��PfT1E'fllfl��0�1 0 z 0 4 � C '3' � � C O .� L U 6� a L O C J O O N N O O O O N N �D �D O O 'J� 'J� ^ ^ O O N N N N � � � � � � � � � � o N N M N � � � � C O O O � � O � � � p � i. � m � m � m o a � � � � �r, � �r� � �r, � ;Q o � o � o � o 0 Ca C C] � p" .y? .? o V cC � � � Q� � � �. o 0 0 y � C � p � A � � 7 � � '� � �` O � � � � � L 3 � ¢ � � > � x � �. 0. W � ,y O .� � � � � � C .`< a�. �6 y 0. �-1 � � � �.1 O � N U . O M � 0 m � � N � z � x w � � .J � � 0. � U W O M � M � N :J .-1 .� % � W O 01 7 � M � � N ��� ��������1� ����� Le�[��r� �e�,��rr[,� L��c��rS , , -> ���`�� Date; Febru�ry 19, Z{�19 S�ff �o: Jir�r Th�r�� Ec�nc�mic �eu�lc��meni Ma�a�er Ci#y �f �.�lon+�icell� 505 Walnut �treet, Suit� 1 1�+1�r�t�cello, 1�1N �5��2 C?fSCR�PTI[}fV �.019 L���d�rshi�r Gf�wth G�c�u�r Series f��k�s cr�f �heeks po�ot�fe to: The L�ader5hip C�,r�v�r�h C�roup f � Ih'��� �taldert Lake �o�r� �ircle �in�s, I�l1N 5�D1A � ��� ���� � � � l ��- ����r������� � �crr: 2�1� Lead�r�f�ip �rc�v�+th �rc�up Seri�es Ir�voie� �la 1�5�1�5 AI1�'I�UN� $60�,00� ,=e . _ . . � � .,. _....--�-- --��-- TC7TAL � $6iiD_40 If yau hae+e �ny q�esti�n� conc�rnirrg this invoic�, coratact Dave� �a�°thi�l�omay at 61�.85�.7�D� �r Tt�el�adersh�i�. G�c�v�ff4}Gra��.��'�m�i�_c�rr� Thi}��VK YC�U FOR Yfll1R BUSkN��S! L�ad�r�h�ip �rt�w�� �rc��p 71 �Je�t ��Ider� Lake R���d Circl� Pi��s, CV1�1 55014 ���,�i��,72�13 Th,���aders�Oi��r€�uyrth�a«u���m�i3_�vm - - F'. Fs �-„��i_.�a B�x I�.�[}LlFi€SS GFt�1hGEL= .g 7 .T'tvFN�.�C10f2ESS Pu������r�, �n�. �G�S ���r1 R���p�s � �.r�;. t1C:.�;� ����[i�, �,�� ,`3����.n .�:,;. . _ _ _ ;v�µ � .�::� ,����_�� ��i�.- ; � frnro�te D�te �,i�;��i� Invai�ce Idurr�b�r A� FJumber ��5�:��? �;sa��ds�. Term� hJe� I :�0 �heek F#uml�err Amount P�id CIT�' C�F MCJNTI�ELLC� � ATTIV ,����UNT� F"AYABLE 505 V�'A.��UT �T �TE 1 h�l(]NTI�ELLC�, MN �538� ,4ccna�nt# �zsz�s 51z�zz A.CCt]UF�7' kVU14���R �TART DIkTE aT{JP €}11T� EDITIt�fJ �ATE A�C{�UNT RERFtESEF�TAFCVE 42g2�$ D5r1=71<] QF;'1:,;'9 :�r`�;20'$ fal�rticeloL��IS {)Fr'-,s�2-v�29 --1eas=_ ��:um :h� �pp�� :r�r.i,ar ��rh yr,�,t�r �pymr�•,i f..� :..if �ry vr�C�L c:ar�. G<�taase cafl !�d-f IL L14°j {''_. � �r'] .]'�c.l.. : . . -.__._. _ .. .. ._ _. . . . . .. ,...__..._ P�I.JBLIC,�TIOhd � C]�TE lkD# CLASS P��SCRIPTpOFLfTAG �I�JE 7'�'PE 51ZE � QT'ff AMIOUNT h10n;:�ellv 7�rnes �9�4iS2 �� � r���i� __ . _.... CS.�'F�r'�419 53�8d8 150 ��� ���L�I I V�� TMI�E$ Lu'�'i[rstc.i`.� C�fr �•tti C:�t�'i�g L 1-0 �{ 6 78 1 1�u �� Flet A�no�,n� `29 22 5hi;pping Q QQ Tax � �� Ampun# Due 129.22 ,�I 53+� ci�arg� assess�d for returr�ea' che��rs, ���11��,l��I R�epro�t �rrors wit�rn � rla�s to ar�sr�r� ca�as�d�ra.tr�rr, � I�.�I1�81i��8}AFfC�,''"e 4,1V2F.�`� C�c'�fi+FS f7c?S� C�U� YYd�� �1?C(!Y� �.�°Ja uta�_vex � f}�anc� ��i�rg� �av rr'or��h �hJir�Prrrum .�Li ,�er rrlar�thJ, AFFII�A'4fiT (�F PLJ�1�[�A�"IC�N ST,�.TL- C7f� '�i1:+l1VESC3TA ] �s CrJt;'wiTY O�F ��1�IGHT Eli�c �trcck�r bcin� dulp� sk4�orn +�n an oa4hp statcs t�r ai�irm� thx[ hcJsE�� is ihc Publisher's D�;signat�d ,�gent aF th� nc���s,�aper(s1 krtirv��n klS: 14�€rn�ic�lla Tuncs wilh ih� krsuw�n �if�`Ec� �I' issur �ing le�cxr�l in lhc cvunk�� aa1�, V4'I�IGfiT u�i[h �;dditi�rr�] cir4ul�itin:7 �n th� L�untie°} ��, St I I�. FC E3L1 f�t �l F c'�Nl� �7245 f15�� �ftii7lk'��^�.�Q C?f t�i� f��4'�S ���@� t?��[}14'- {i1j'I']Ze n�ws�ra�er h:xs complied u-ith �l] �t the rcyuircrnce�ts constitn[ang qualifica- iion ds a yu�lifi�d ncv.��pap�r �s pro��ided by� �+Iinn. SCat. �?31.�.�1?. (k3�'�'lii� �'ubli� No4�w� ua�as printecl �,��p �ul� tis}�ed in �aid n�ws�s�pe�(3j onoe e�h u�ee.k, f�7r 1 su�,ce��ih�� u��ekfs); tkse itrs# ir,s�rt9�n l�ein� �sn 0511�,+?�! 9 and th� last inser�ian bcin,� on �35i16�'�G14. 14I�RTG.+IGE F�RE+CL,+C►�LfRE ?�OTl�'ES PUf�Uan� lu �•iinn4�41:i Sl�i. �Sf�i?,f133 rr:lti[:rG� ic} RhL �*uhli�atikiej e;til� l.z�r[�s��e fc�r�ClCkSlire �rutic��; �I7te n�+vs���+�r Cur�ip�i�s u��ith th� ceinditsnns descrsk�� in yS�[]_1f33, subd. I, cl�use �9) or (.�}. if tha: r,�w�sp�tper's kn��n �i�o� �f issu�c is ls�c�tcd in a cnuntv �edj�irurs� th.c coun�}� u�hcrc [h� martg��cd prcrnis�es c�r yc�me pare �f ihe morsgd�c� ptcmises s��scribe�l i�i [he n�aki�e ar� 9a�Rec, a �ukrsta�t"ra] }ac�r4�o� �f the n�u�s�,��'s cir� � ticrn is i the iart�r count}�_ � � ' J C�sign�Ped rlgen[ :�ubscrib�cl �,nd swrsrin t�s c+r at�"srm�d t�e'.�i,re ntie on ��1] �sl�l]] 4 �y E�isc �teecker. �', } "� ��� �� ����� � ��-�--� t�ff�d�y� �u�i�� , �„�,��:.��.�;�: Euaa �ENE 1��4E M��H EF�+I - I�ota�y �ub�ic - µlnn�6s4ta ,-�++,+,°..:;-` 11� f�ppeq�inn F�ies d�r�e�X 31, �I.124 I��C� [n�CFrnldtia,}[i_ � l:) L€�u'ext cia:ssafisd rate �eid Fr} comm�rc.i a] user� far ca�mparahle s�ace: � 1.�.5fJ p�r calurnn irr�.h .�d ID �??$�$ CITY (�F MC��ITI�ELL{) EC�(VONt�� C}kVEL[3F�I��NT ALJTHCIRII'Y I+IOTIC€ OF IRligLtl� kiEARING hl�+tice s� he��eby i� ven th9t the 6c+�IFld cri 4,nm�rSR�Gne� � #h� �aly �f MomiCellC Ecor►�mC D� �o�m�,� a�kranty �Eca�7 �su meek at or a![er 4�.m_ nn W�dr±as- day, r�ay �sn, ��ys �t c�r,, H�, �i1� 4'4alnut Aver�, in th� City of M4ntiC��4, Min+7esota 1`Che ���i,y�•i� ta oanaucl a p�,G�ie n��ir� �e�ar[1- mg a�+roposcd grana kc Tncambra Foc�s Inc. dha Coreiers'one Caia anc Caterir�;th�'°ueveloper'J un- de� M rrresnia Siatu�e�, Seclion� 116J.993 tu 11F,,1-�95. �s am�- �d �kh� `Baisiness Subsir]y Aca"}, �n can.rcc+��n wisn ��opai� f�adc QnPr�vaYY�n� k� tha 47evel6perk husinass, loc-aka� in the dawntrnxn ares of ltre Ci4;y_ Th�'��,4 will can- sider a grand pur�uerat t+� its �awn- tqwn Fa�� Irraprp�rr�nt �r�n! ru�7 Pso�r�m 9a tie�+�ce �I �o�t�on Of t�5e C7euelr,�e�`s Ca61 ad Ihe irr!- pro+remer�t�, �+� a phr3clpal ara+auna rx�M t�o exc� 5104,�JQ�, L3ecause ihe as�ista�e �xcee�� �25,o�3fl. U�e �rarvt rr1u�t tomply mkli ihe �C�4's wrekt�en businesa s��dy poQacy; pnaer�d� Chat the EC}A map iirEd. after a p�!`ic h�ari�tg, thak ih� creation of jobs is not a g�r;sD af ihe �i�eance_ ,Pury person with a r�id�'�c� in th� �iiy �r wtq i� ts� (YW�fI�P al taxahle prn�erty in thg CiRyr +n�y fl�e a w•,ikker+ c4m01artik ,r�in the Boa�atl ot �rramiss�o.�ers il rhs Boan� o� �ammiasionars f�ifs to comply wilf� 1Y,G g��lncsa S�haidy AGi. �lo �Ckivn'n2y be �il�tl dg�insC Ihe �can�mic OQvelcpme-�t Au- Ulcarity 16r Ute �ailur� td G6m�ly un- less a written complaink is 1iFe�. An+� pc�snr* ws�ishing ta express �r ❑p�ian ars Rhe rs-iettQrs to te cn�sidered at tihe pu�lic hearine� wl�� h� �BfC� OF3.���' (yF Ifi Wfl@IdYC�. fi'�` �7FkC1�#i QF TFaE F�C�RQ p� [;C?MMISS�(]�NE�i�. ClfY QF ��1fU- ' I��l i 9 EC(��^J9hrIPC i5�r��.QP- M�-NT fi�HC�RIT'4' 1sJ Jim Thares Ex�u#�+t�C �7irC�cl6r F'uk5lish� in th� Arlonkic�dln TimeS May 1b, 2fl19 9378a$ Julie Cheney From: Jim Thares Sent: Wednesday, May 22, 2019 8:33 AM To: Julie Cheney Subject: RE: ECM $129.22 Yes, please code to: 213-46301-435100 From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Monday, May 20, 2019 2:57 PM To: Jim Thares <Jim.Thares@ci.monticello.mn.us> Subject: ECM $129.22 Jim Attached is ECM Inv# 695402 regarding Cornerstone Cafe. Okay to pay $129.22? Please provide coding. Thanks, Julie CF�eney Finance Assistant City of Monticello 763-271-3205 Julie.CheneyC�ci.monticel lo.mn.us APC�ci.monticel lo.mn.us {'fTY C!F �..�� � ��'�����'ll� EmQil correspondence to and from the City of Monticello government offices is subject to the Minnesota Government Data PrQctices Act and may be disclosed to third parties. i Julie Chene �'� ��` � � From; 6ull��ye �roper[y �v1�a�a��rr�ent & R�alty <m�i"�manageba�i!ding.��rr�� �en#; S!�nday, May ' 2, ��1 � 3,�4 �'�1 To: A�' SuF�j+�ct: Le�S� s��terrMent f�r 6r€�ac�w�� P�rking E�serrr�nt - CQ�+I�IERCIA� �� as �f 5/1�/�q19 � �ulls�ye Pra�a�rty h�nn���ment & Realty PLE�SE T�1{71'F:: [�t] °�C.17° RLF'�.'4' Tf] TH14 k:h7r'411. ,t[)17fti� `�S "Chi� �mail m�.���s�e �x�n4 ��n� fT�}m � n��tiiawatrari-cr�rl}� a��fi�rc�� thar �,innc�t aecept isi��rnang emai�. I��a�e ���.��m�nt �� � �' ��` 1 ��!�� 1 � �ity of Mvr�ti��l�� E�c�n�omic Q��vel�a�m�nt Authari#� �� L�ke St S�it� ��0 , � � ���-� ��-';'' '� Bi� ��ke, MN �5��� , t� �� � � l � sy �•,'', . -. � j�� D�a�te MemO ��, �I' ,� F��y�rn�;nt �Cc�mrr�on �re� �+1�int�n�n�e Pay�ment �ornm�n �r�a Mainten�nce Payr��ni �c�mr�on A,r€;a F�Il�int���r��e Comr�nc�n Are�, Nlainten�n�� �� � �..� . � �:� � . `� � i # � `� �� - ' P���c�unt �#: {7��40�9�4 �a�a��ce d�ue: $7�1.6� F'a}�lr�ent is c�ue �r� th� ?�th ol'�1�+� me�n�h_ �f�a��r��ent isn't rc��:i+���:d, a�r��-eime f�e equ�E t� 1.5°0 �f`c���tst�r�dir�g �al.z����.e� ��•ifl k�e ch�r�,ed c�t� thc ���h c�9'��ch n1c,n�h, :4`J�n��e 4°t�ur:«c��urtt c�e�lin�: htt�:�'fbull��.�°e��ru�€rti�s.n��n���hu�ilc�in�;.�utn Bulls���c Prc���:rty Man��e��e��t � k�ealt�� ?f�;��9�-6�6�a l�uildiui�raficz;bulls��}�e411.��m i 0 z 0 4 � C � � � C O .� L U � O 0 _ J �n �r� co 0o t� o0 0�D — � � t� t� t� t� � a o v-, o v-, v-, M M 7 7 M�/'� O l� l� V'1 V'1 V� V� . � Cl Cl N Cl O O �� i� � � �., N � � ���� � � � � ���� � ; � ; � ;;;; o � :� V� m V'1 M �A �A �!1 �!1 m ,p •--� 'J •--• 'V •--• •--• •--• •--• �D E" i� 7 i!� � if� if� i!� i!� '� :Q O � O � O O O O � Q � �J :J aJ � A Q � Q � y .y? .? o V] CC � � � ' c � � � o o p, � -� o N a � � p A J � � � V'� ;I] . � � � C� O O y Q C O � � � � y � � � W � � � J ¢ j 3 � �s „ ' O o � = � W � C] � 0. � N M 5 .O y .O � � = O � O p � cS O ^' O l� V_ LL .� LL � Q � �r � �� � aq aq �' bA � O �- .2' r F F � F � V V � � � � � � � � V V � � � ���� H aaaa WWWW QQQQ 0 � `' xxxx � ��., o000 � 0. 0. 0. 0. � cG cG cG cG Q � O O O O U U U U U F, � :G :G :1 :1 � � Q Q Q Q � P� P� P� P� 'r F rn rr, cn cn 5 �j � � � � O r M � m � � N O N � M � O M �'i N O O O O 01 01 :11 :11 � � � � M M M M � � � � G G G O M M M M � � � � � � � � � � � � N N N N P�yment Receipt ��?�l�r�c;�,t F�E�c�;�� w.�gnr cour,ty, nnN 10 znd Street, Nw Buffala, NYN 55313 Phone: 763-682-7578 Bill To: Sarah Rathlisberger 505 Walnut Sireet, Suite 1 Monticella, MN 553b2 dp@ci.monticello,mn.us Single Payment Trensa�tion Dare� OSf15/2�13 7:2$ AM Paciflc Time PayMethod� - ,a...s,rr�+*0017 Approval p, 12574991 rrace tiamber 93c75345 28e7-41f8-9801-3591739fObOf Amount: $1,553.75 Thank you for your paymen[. Page 1 of 1 Pld :155-010-D5213i Rall Type: R Tax 8ill Number: 20825 PaymentAmount $1,552.00 Ser�iCe Fee $1.75 Total: $1,553.75 ,,�b 3v1 � �13"� �� �i� Sw� 5�'�l�a https://swp.paymer�ts�ateway.net/co/d�fault.aspx?pg_api_lo�in_id=RfcD�tbfiB 5/15/?019 � Robert J f-{iivala WRIGHT CO��N7Y AU�ITCRr'7REASURER �10 SECOtd� STREET t�1 yV ROOM 230 Bl1FFAL0. MN 5531�3-I194 ; 63-682� i 572 or 763-682�7584 v.v+v+.ca wnght.mn.us . . _ . . .... ..----... _ .. PrOperty ID#: R155-Oi0-052131 .. . . __ _. . _.. _ ._._..... —i Taxpayerlp Number. 248203 CITY OF MONTICELLO EDA % ACCOUNTS PAYABLE 1 Ii`�'�D� ��'�`�� ]��� , ; �,. �d.:.;_---°- � �.,� 2018 '� �' is:5 i��r Taxts P�y�t�le in �� �� � . .. . . _.. . . _ .. — ..___ _—._._..e_,..... _— _— __.__.. _ VALUES & CLASSIFICATION Sentin March 2018 7axes Pa able Near: 2018 2019 Eslimated Market Value�. 93,0�� 93,060 _ . , Homesiead ExGusion�. TazabEe Market Value� 93,000 g3,D00 � kewlmprovements�. Expired ExclusEons PropertyClassifcatiorr COMM COMM 505 WALNUT ST STE 7 �� � PROPOSED iAX Senfin November2018 MONTiCELLO MN 55362-8$31 ProposedTax �,gg�.gq _„ PROPERTY TAX STATEMEN7 - First-half Taaes- 776.(70 n Secontl-halS7axes 776.pp 4-'- Tolal TaxeS pue in 2019 1,552.00 REFUNDS? '� � 1�% YDu may 6e el+gibfe (or orre or even two refur+ds to reduce your property tax Read the baCk of this statemen! to find out how t0 apply. ,{ _ _ _ _ _. _ _ _ _ _ _ _ ._– -- - ��� Praperty TaX TaxesPayablsYear 2098 2019 �II . 5[atement 1 Use Ihm amounE on Form M1PR 10 See dyou ere ehgi6la for a homesiead cretlq refvntl I � Ftla by August 15 If ih�s 6ox is checked,, yo� owe deiinquen[ taxes anC are not eligible. � � Properly pdelrnss 2, Use lhasa amounts an Form M7FR Io see i( you are eligibk for a speciaf rEfund { t t2 w RlvEii 5T . : MONTIGELLO MN 55382 p � � x 3 Yourpropertylaxesbeforecredi[5 5,d33ii 1,552_00 j � PrPperty �escnpfion�. �� n 4 Ccedfis Ihal retlucB your prpperty laxes ' sact-�i rwa�i2i Ra�ge-a�SokiGor,a.�P�,a7 �' n A AgncWlural and rural land cretlns NfA N.Orv7�cELLp 6�oc�K-6S2 TH PR75 (7F �� a �. Other credils NfA �isi3,sa6 DES BEG AT MOST E�Y Cc3R 6F � a 5. Pra g taxes aftee cretlits � LT�3 TH 525018'44"W ALG SELY LN OF w P m i,4$3.11 7,552.Q0� i L713 165.36F7 T6 MO57 SLY COR OF LTt3 � iHN6ap58'2GwALGSwLY 6 CounN 55724 577.05 � � 3 City or Town (CITY OF MONTICELLO ) 451 A5 477.95 ! ' a 9. Slate General iax � � 1° 9 Schaol Dislnct pp K 10882 ) A Volara roved levigs iSt 15 199.81 ' � w 6 Q1her tlpCal levies 218 41 240 fiB ` �- � -- � � 10. Speual Taxing �islncts A_ MON71 HRA 1526 16 70 5pecial Assessrnent Breakdowre: � 3 g n C I � o � 11- Non-schaol voter approved referende lemes � 12. 7otal properiy tas Nelore speciai assessments 1A33.11 t,552,00 � 13. Special Assessments an Your property ' See Lefl for Breaktlown pf SpeClal Assessments � Speual Assessment Talals � 720 89 � 1d. YOl1R TQiAL PRpPERN 7AX ANG SPECIAL ASSESSM�NTS 2,754.00 7,552.D0 PAYABLE 2019 2ND HALF PAYMENT $TUB ",`a"�E"°�"`aF`" °'--"'S�T°Tt�.,".,`,';� Mp°aTF�,�.�.��F<�.,A��oN TO RVOID PENALTY PAY ON OR BEFpRE, OCTOBER 15, 2019 Total Prvperty Tax Tor 2�13 $1,552.00 Property ID Number: R 155-010-652531 2nd Half Tax Amount �776.00� s"' =n Bill Num6er: 20826 Penalty o`m IO Number. 248203 2nd Half Total Amount Due ° m"' r> � �4`a MAKE CNFCKS PAYASLE & MAlZ TO: �� m RobeR J Hiival8 a n c' Wright CflunFy Rudf[orlTreasurer m T z �0 Second Street N.W„ Room 236 n � B�ffalo. MN 55373-1i94 s N z �' It your atldress has changetl ppease check Ihis bo. and CITY OF MONTIC ELLC3 EdA � show ihe change on ihe back oE tnis stub. 5 %ACCOIINTS PAYABLE 505 WALNUT ST STE 1 r+�rre�.e�Wu�re�x�a�me ro�.�:�o.n�a�r.��.�.ro���e�m r��aerx..�q,,,�oan«rx�s,�ro�m MONTICELLO MN 55362-8831 PAYABLE 2019 1ST HALF PAYMENT STUB F_E�SEREROT"�BA''"oFT"�S'T",`"'E"rF�R�"''°R,""T�"F°R'"^,�o" TO AYOI� PENALTY PAY ON OR BEFpRE: MAY i5, 2019 Total Property Tax 6or 2019 $1,552,00 Property ID Number: R 155-610-052131 1st Half Taz Amount $776.00 �� i_� i Biil Number: 20826 Penalty Q m vO 'a m ID Number: 2482p3 ts[ Half Tax Amount Oue T n yG�CJ nraxe cr��cxs Par,as�� a Marc ro: �� A Robert J Hiivala � � C Wrigh! County Audi�orlFreasurer m � � 10 Secantl Slree[ N. W_, Rpom 230 R� �N 9uffala. MN 55313-1194 z� ❑ If your atltlress has changetl please check this box and y W CITY OF MONTICELLO ECJA shaw�he change on the back of mis swb % ACCOUNTS PAYABLE 505 WALNUT ST STE 1 �.�qe�e���e.6R��n��a .o�.�n��,�_�.k..�u «��� �,s��<e�o��..ob,:�k,��roz,pa MONTICEL+�O MN 55362-8831 .', 1/V r I C,� i� �'� C� U�'1 t�/ � I�� I f�J I� E S t� T A �,"F.��' �. t ` � -�" ` �` '�-�,�- �� : �`,� `� �� �� - , � . s �� ,�� ,� ; � _ � �., -� ;. = - � : "xr +..1"�i:g <'' > :.. i,.>4+, s'�. �. 0'S '�, ` ., , � - .�� .,.- .. � _�_1 t . . .. �.'� - _ ___'_. _ �i"�i3�i�'B`lrr (�i4 :st.�6'�i"i�°�cs)+(�'i�i"�'�� �nline PruperYv Tax Ya��rncnts Pa�e 1 of 1 CONVENIENCE FEES The follnwing convenience fees wilf be charged for oniine payments: e-Checks $0-$125,000.0� $125,000.01-$150,004 $15U,000.01-$ � 7�,000 $17�,000.01-$250,D00 $].75 flat fee $4.OQ flat fee $7.00 flat fee $ ] 0.00 flat fee Visa Signature Debit Card $3.9� flat fee Credit Card/Non-Visa Debit Card 2.35°10 of payment amount (Visa, MasterCard, Discover, American Express) State la�v requires con�enier�ce fees to be charged to the taxpayers who chonse to make n�ol�ne debit/credit card or e-check paymenis for property taxes (�t.S. '�(�.�)�}. TlZese fe�s are not retained by Wright County, but rather are paid to a third-party vendor to cover the costs associated with payment services. By clic�Cing Make Paymerrt you will be leaving tlie Wright County website and �vill he sent to the third party secure �ayment screen. Make Payment '�i https:f/web.co.wright.mn.�s/proptax/start.asp S115/2019 Secure Web Pay° Wright County M I N f`�1 E S O l� A Billing Infarmation Billing Contact sa,��� Raihlisberger ap c�;ci.monticello.mn.us 763-?71-3201 Billing Address ��i5 4�'alnut Streel. Suitc I Manticeilo MN �5362 Order/Transaction lnfarmation PID : 1 � 5-010-052 ] 31 Tax Bill Numbcr: 24826 Roll `l`��pe: R Payme�t Infarma�ion Pa�e 1 of 2 7`herc titiill hc a service fe� ul' �.35°0 �4ith a n�irzimum af'$1.75 ii' usin� a Uehit/Crcdit Card. A servicc fcc of $3.9� �+,ill be charged if using a Uisa lle�iit card. 11'p�yn3ent hv eChick, the fre is $1.75 lur transactions under $l2�,DOQ, incremcntaliy raised to a limit oi�$2�U,000. The linal amount of tt�e servic4 fee tii ili be dis�layc;d brioti�� the pa} mcnt amount of'your bill. Bv c2icking the submit button, you are agrceing to pa� this scr�iee fee. Should have an� yuestions re�arding your bill, please cal] our olfice at 763-68?-7578. C're�J�� ;::ard EYectron�c Check Please fill In the green fields below p5/15/ZQ19 Wright County, MN 1553, 75 or�e thousand five hundred fiFty 4hree dollars and se�enty five cents �o9inoaoi9 � M��M�*. o **'"*`�* ���Checkfng � ��' Sing9e payment � Th�s is a procuremenk tard �Customer Account Cod� Payment Amount: 155?.00 4 Total: 1553J5 ...... _, Review & Submit Contact us Wright County, �v1N https://swp.paymenisgateway.net/co/default.aspx?pg_api_�ogin_id=RfcDEtbfiB 5/15/2019 Julie Cheney From: Sent: To: Subject: Dear Sarah Rathfisberger, Notification <noreply@forte.net> Wednesday, May � 5, 2019 9:29 AM AP Wright County Treasurer Payment Confirmatian 7hank you for making your payment to the Wright County Treasurer on 5/15/2019 7:28:27 AM in the amount of i552.OQ. NOTE: This is an acknawledgement that you utiiized our online sys#em to make a paym2nt. Please check your bank statement within 48 hours to ensure that your account was debited for the amourot of the payment. If the payment was not deducted or if you have any questions regarding the payrnent process or service fee, please contact our off�ce at 763- 682-757$. It i5 the responsibility of the payer to enter the correct cardJchecking account number and to ha�e sufficient funds/credit limit available to ensure a successful transactian. Do not reply to this email; this is an unattended mailbox. Thankyau 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 4:30 PM Account Information Acco u nt: Name: Service Address: Service Period: Billing Date: Due Date: Meter Reading noreply@ merchanttransact.com Wednesday, April 3, 2019 8:09 PM AP Your bill from City of Monticello, MN is ready. 41 WEBINSERT.pdf Previous Reading Serial Date Reading Current Charges 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: 5/1/2019 * This was the amount due at the time of billing. 007256-007 MONTICELLO EDA (213-46301) 103 PINE ST 3/1/2019 to 3/31/2019 (31 days) 4/3/2019 5/1/2019 Current Reading Date Reading Cons $7.10 ($1.00) ($0.50) $9.00 $0.18 $14.78 $14.78 $14.78 $ 0.00 $14.78 $14.78 To view your amount due at the current time and make a payment click here. 1 �'�:n�c�r Dal� �af` Tra����cti«n CITI' �F f�015fT�CELIf� C�ty F#al� Card Tran�act��n P��ase �ttach th� inv[ricef receip# ar�d any �ther auailable ci�cwmentatinn t+o this forrr�. Tv be �e�+mplete�d by pur��taser: �4moun# � �Clrtle purch�ser name; Tr �y Er en Vic ci e�rho a� n�rd �efto�n�e�w� 1�U'ayne C]k�erg SaraF, Ra#��isb�rg�r Jennif�f5�hrei�7�� #ngel� S�churnar�n 1im Th�reS J��ob Thun�nc�er �i Empl�y€e 5ign�tur�` Q�te �pproued Special ProJ�t## or �stription � � �ir�c�e d�p�rtrr�ent c�de: 1C}1-41110 i�i-�Z���a ao1-��a�� t��-a���� 1�1 418Qfl 101-4291[l T�1-41920 i��-�Z��o C�� 1�-4Er50�1 �13-463�1I �ItCI@ �'j���f55� C�d�: $�Z��Q 43195{l +� 31'� �i} A32�Q(� 43310Q 4433i�D 44370� ���' . Qther City Couneii Adrninistr�ti�prr �i������,� Finane�e Hu�a�n R�e���rrce� Pla�nin� and Zc�nin� Data Pr�cessing c�ty ���r Ec�nor�i� pe+r�el��r�e�� � �� _ G�neral C�p�r�ting 5u�pli�s FUeuw5l�ttQr 5ervi�es hrl�scelAane�us Prc,f Se�+riCes Posta�,� Tr�ve.IJTr�irring Experrse Ques MemberShip €i S.,k��,�rip Lic�nseS and Perrrlits .. �?isc. Dther Fxpens� � ��� F� ���� ��'�,4��'�E� I:'��iX. T I'14A�x F91]' �I:55: M�CNTIL`=1-- ..- _?�:'-�71-1100 �i4e�5f�41� .; _' o, ;;{,�t�r=: 07'I2#f1� ���� �'���4�' �w�. � � ���Il' 1 I��`�� ��:�������z ��c:���� ..au =�y ��,�� � ���116��1 r,F=..�.= Ft� �5,9� 87�13J011 �;�� �:}�n.;A�<e= ;=h ��9.�� .:_;�TUiAL $43.4J +�� T 4k � , (�0 rr�r�� ��a_a� � �: �_: V��u i.yA�aF 43.47� �;C . � _OC�s7�C��:31[�lOG1 ui�u �:R�p�T � I",CI:�'�=`e :�uIN(�� ��c�a-�ii�_�����..w:.�i��;..;,c��,�-� v,r,����-���-a�a �e1�a nake ,�c;..- �:-���t R�an k;et��r_ T�k� � 2 n�ir�ut� .�.•�k•ax ..-�-ut t{sd,��+'s trip: ����;��l�x�r'���782 ��982 �lser iS�: �.Is 'P��±swer�:= �i�C�� (113 �Lk"��Ta:'�i:°s ;;h; E �P�,N:11_ M�1���$ take tr�o= �.�+���a �+it��n 7+��v�s� l�'encl[ax' _l�,�,,'� U�t� c�i'Trar�s�ctic�n �--} �{� � ''�'� CIT'I� {]F MDNTf�ELL� City Ha�� C�rd Tran�actiorn f�le��e attaeh ihe rn►ro�ce�receEpt and �ny c�#he�r �uaalable doturnentatian #o this ��rPn. Ta be cum�J�ted by purchaser: l _ -�_ �moun#� ��L�:';_- Cir�le purehaser name� Tracy �rger� ��'icki Le�rhoff "-a�Fr��=t��narc� - Jeff �'N€ill Wayne C7b�rg Sar�h Rat��is�erger Jenrrifer 5�hrei�ber �n;��la Schurr��nn Jim Th�res J��c�ka Th�nander r � ,8 � ���. SF!�( ir rj�'i Employe� S���r�ature r � � ,� , ,� „ i , � �. , �� �: � "�' � Sup�rvisa - � ._ � f �` �— ��� } �C'if �}ate appro�red �p��ial Pr�Jet Cir€le de�artrnent �ode: 1�31�4111L� Ci#y CoUncil 1Q1-41,3�C� Adrr�ini5krat+vn 101-4141D Ele�ctior�s 1�J1-415�(7 Fin�n[e 1�11-418�}0 Hu�man f��st�ur�es 1p�-4i31{� Plannin� and Z�n�ng �Q1-4�9�Ci [���� Pr����sing 1p1-4194p �ity F;�II Z�3-465(� Ecor�ornic �ev�e���m�nt 21 �-463G11 H RA CirCle �xp�ns� t�de: ��19�0 43145Q 43]9�� ��z��o 43310�1 443300 443 7Q�} _ _ _ �-.r_ �� 443��0__..�' Other ��neral �p�r�tin� �up�lies N�wsletter �ervices Miscellan�qu5 Pr�f 5er+rices Postage Tr��elfTraining Experrs� �.a�es Mem�ership & 5ub�trip Li[en5e5 an� p�rrrli[5 Mi�c. �ther Expense ; �ti ' h , I !.. �ny 8 � - f d L�+�'; v''.,�: _���. � � �� ' �� � ��' �� � �'� . ��-�r��. �� ������ �ti�r['; `�t..�sl RATL�'�: h�ihlT�C�l4 � 7�`-271 l��J[1 ,-i,a, li;i'?ul"1 i'.. 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Jirn Th�res ien�: Tuesd�y, April 1�,, �079 �p:53 Alu1 To: 3uli� Cheney' �ubject: RE- tvlorsti�el�v Ch�mb�r �15.00i Jul��, this is �rk�y to pay. Pleas� �crd� tc�� �13-463�M1-443��0 �Frcarn: a�uiie ���ney �Julie_�heney cr eu,m�raticedlo,mn_u5> 5en#: 7u�sd2y, April 16, 2C�19 1�:35 Ah+l Tv: Jirrf Tl�are5 <Jin�_Thares�ci_mo�rti��IJa_rr�n.us> Sub�e�t: F+�anticello Ch�mber �15_�� Jim Akta��hed i5 Ir��€# ��9� frc�m th� Monti�elPc� Ch�rnber �or lun{h. C�kay t� pa+� $15� Thanks, .�P�r;'�(' i �a�.r; ..�r Fir�ance ,4.s�istant City of l�onti�ello 763-�71-3�05 �l:li�.C��Er�e'r�4w�_�x-i�,r-:r i:k: ::i ",r. t�'; A�(,�c:.,�nont�cell�.rnn,u� � -- _, '�'� , ; r � � ; � � I"��r�t����� �.. �r�nar� �orr�s�rrderr�� to ar�d frarta the �'�t� c,f ll�k�+�tr'ce�Fo g�r,r�e,rrrm�r�t off�r�s rs ��b,���t t� th� l�larrr��sota C�o�+�rnrft.er�t Dutcr Pr�rc�rces ,4ct ar�d +t�y #� drsclo�ed tc� th�rd �rr�tre�. M�n#ic�llo ��amtrer a� ��rnrner�e a�tl Ir�tf��try 2�� Pi�te Stre�� P0 B�x 19[ I'�csr�Crc�110, MN 5536� (7�3}�9�-2i00 � fax�(763;��5-�r0� f n�c��rno��l�c�l Incc�. cx�r� fa'lo+�treellp �ity �f AG�r�unt5 P�y��l�; 5+J61dh+alnut �treet Surt� #f M�intrcello. h�N 55��2 Descrip#ion Ch�mb�r L�n: h, h,lern��t� ;`, .9 j�.•� �,,'��� �Cl'V�JI�� Inv+olce bate; �P1�l19 Invc�ice �lumber: �173 A�cvunt PC�: T�e�rns fV2i 15 Quant�ty F��#� � S15 �� Su���t�l: Tax= T�ta f; P�ymenUCredit Appl"red; Ba1��1Ce= ❑�u� Gat� �i3i 19 Arnvurrt $1� �0 $� �,00 $0,0� �r15.(�� ��.� 57 5, �C� �iu�ie ��h�n Frvrn: Jwm �7har�s �ent: Mond�a�r, April 2�, 2i314 11,0� A�vi Tv: Juii� Ctr�ney Sui�jec#: R�; fi�v�iee fr�m h�fc�nti�ello �hannb�r c�f Comrnerc� an� I�ndvstr�+ h'�s, this i� �kay� to pay. �r��i: Ju�l"re Cher�ey �c��rli�_�heneYC��i,m�r�tirell�,mn,us� 5ent: M�and�y, A�ril 2�, Z�119 1.Oe4� AM Ta: !�m TF��res �Jim.Thar�� c�a �i_rnar�tic�llo,rnn_us� 5ubfect: FW; Ir�voice from Nl�ntie��l[� Ch�mber of �cs�nmerce �nd Industr+� Jim Pl�ase s�e ti�e �uistar�din� i��voi�e frorr� th� C�ha�nber fqr yc�ur Mar�h lur�rh. OkaY t�s R�Y �15�? TFl � r� k� .��`�id{� � ��!{''}�t�l� �1�[t�G� �5515t€]rl'� �I1��' �� ���1t1����0 7�3-�7f-���1� Jul��..�.herrt r��� =n�nt�c�.11�a,rn.�.;.,� AP��i_Ynont�c�llo_rn,n,�5 — , �� i , � � � �.� ��r��i����� � �map� +co���sp�r��er��� t� c�rrc� ��orr� tire �`ity� �{ M�r��ic�1�a gou��,rrrr�n�rrt o�fr�es rs .�r�bj�ct �o tFr� �rrr�e��trr �over-rr�nent �Lorta Prcrctrc�s Act �x�rd rrwy be dis��nsed to thrrd p�r-tre�. �ro�rr�: M�rcy �ndersc�n marlt�i:mar�vC�rrrc�rrticella�c�i rom� 5ent: FVlond�y, April 2�, 2Q19 1(}:41 AM To: AP �AP ��i,rnanticelJsYr.rr�r�.u�> Subjett: Ir�v�ice fr�rri Montre�lic� CJ�amb�r �nf �vmrrrer�� �r�d Ir�d�str'y Ucar Jim: Y'�ur in�c�ice is aitache�l. Nle�sc reinit �a��mer�t �t ���ur ear�ie�t ee�n� cnieilcr.. f'i�anE� �°c�u ti�r �'c�ur busir�e�� - v�•�Y ��P��;i�t� it ��ca}� mt�c,h, x lNonticello �h�r�n��r af �omrr��rce �nd �nc�ustry 2Q5 F'ine Str�ep PC: B4x 1�2 Mor�t��cello. MN �53�2 (dfi3} �9�-27{l4 � fax f?63i ��5 �r�� inf�t�rnaa,#ic�t�e�ccr.o�n, � Mr�nti�e'Io �ity pf �i��.ar�[s P�yatJle ��5 �V�In;�k �tr�et ��uit� #1 f4'l�ntic�llo. M�V 55��� i�escr��#ion �hambe� Lua�cY�, hAe�nber 1'�'`i.: ,. , I_ , i � 'i., ° t � �1 V' [� I �CE' �n�+oic$ Date_ 4;°y5rf9 Inuoi�e Numt�er: 5�97 A�cour�t 1�1; T�r'ms �l�i 9 5 WuantitY Rat�e 1 � � �. 00� �u!]t€�tal: T�t€; 7ota I = I'ayrt�er�#�Gra�it A�pl'I��: Baaance� a� � � � � ��_ ���� � �� � ��- � � � , �;� ` �+`' �' � �'�'��� � � l�� Due Date 4s30,'1� �m�unt � 15 GJ $15,Oa �O,dil S'� S�aO $�l_a� S 15,�QQ �t��ie Cl�en �rorr�: 5ent: T�: �uta�ert: �#ttachrn�nts: �}cttr 14�1�tt: Marey �nder��r� �marcy[�rr�onticell�r�ci_corr�� A+1onCl�y, A�ril 7�, ��i�� 3,(�3 P�v1 ,4 P Jnvc�ice fr�c�m Montacefdo CP��mb�er �� Cc�mrner�� and ind�stry ��7�_pdf �r"��ter iri��r�icc i� ;�tta��re�i. Pl��se re�ni� p���n�er�t �t your earlie�t cc�nver�i�r��e, �Ch�r7� �c�t� f�r e�t�ur hu�iiir:�� -��°� z�pr��:i�t�x it ���r�� rT14�cli, �i�lcercl��, f1�c�i7ticel�o �Il�r�tta�r ot C'o�i�nl�rcc �nci Jrr�ius�r�� (7G �) ?9�-"?��f} " 7'0 ��i�,�°,°pa�• bills o�r�fi�,e� �lc.a�e �•�i�k }���-� � �17i}L' s� ��,;. s'� '�+ I.�I.e11�n�Y?+t.cl {�i.. �,i_ol;;��L.4;tlflr.l.'�, . - .. 4.. c3�dlf� �f1L��iJStfj�' Lly' 4�fCe.S'.�I}�.:}fl�. ��fl;.f� � 7ill:� ri",� �:� .°J. f�l�ti�e':ti ty1�+J wFif}l}�i 7ei un5ll.u�_tii I r CIiC& h�f�. i' Xr�U �r}.�i�� q�e851�GnS 4f .:,t5rnrn��ryfS C��CE:irlirfr� C�715 �rn�ll Od L�i041QF��cir72� 5�Pivir.;pS I'1 U€�r�Ef�1 �il��5c. C��i7lc�Ct uS L�j� �fYld,l �¢ SuuF,��:�'k � ,_ , .. ;::si-1. aulie �h�n Frorrt: fvl�tthea+�+ leonard 5en#: 7uess��y, Apri� lb:, �C�19 3:29 Pfvi �°; Julie Cheney �utaject: RE: Nionti�epla Cha�-nber $15 C7k f� ��y, �an y�u ��ide it io pw �drrrirt� trav�✓, 7h � r� k�, �iatt L�orr�rd, P�.�. �it�' Engir��er J P�L�fic W�rks L�ir��to� Phone: (7�3� �?1-���1 Fax: (7f��� 2�5-���?4 ,��� [.[r� ��t ,� �. ;� ��� . .�._ ���� � : �,��.,�.. Erxr�i� r�arr���c�r�d�rrr� �� and,frorn #he City af Ji�+�orrtfre��o gr�vernrrtent offic�s i.� subfetr ta thg �1+�'r►�r�esota Gcrverrrrrrer�.t �Duta Prcret�tes �c�t c�n�i rnay f�e dfs�cf�sed !'o third �urtr"es. �r�m; �uli� �h�ney sJulie,�Cheney�ci.ra�or�tic��lo.rry�.us> 5�nt: Tu�S�ay, April 1�a, 2[ll� �0:36 �4f�1 T€�: Ful�tthew Le�pr��r� �r�att.le[�nar�fC.a��i_rra�ntieell�y,�nn.us� 5ubjec#: Ma�nti�e�lo Chamber $15 fVl�tk Ai��chet! is In�u# 5�97 #rom �he Mc�ntice�lo Ch�r�b�r fc�r le�n�h, Ok�y tc� ��y $15? F'le�se provid� �v�i�.g, Th a rr k.5, �i±Pit' { J�z'T7�:'l;' F�nran�e A��si�tant �'ity �of M�r�ti�eilo i6�-�7�-3�05 J� li c.Ch,�ne;���ts.mor�t� �ef Ia.rstn.Us �� ei,rna�nticello.rnr�,us Juiie �hene Fr�rn� Sent� To: 5ubject: Aut[�-F�e�eipt �nor��dy�rt�ail.autF�orize.�net� Nl�n�a}+, �pril �2, �0�9 11;�'4 WNl �� Trans�ction Rec�ipt fr�ra�n �vlor�ticell�a Charnt��r �f ��rnmer�� & Industry f�r $�5eC10 �U�Dj 1>C54f1pCli'1h3: If"s�x'f31C[ll f11� Ifh�'uiC'4 �5��? # 149r��ori�cilu Cilti �aF] : t�lia�,�b4:r L.w��3�. E�-1ri7rh�r 51 5.i1(1 .� I'a}in�ns It�e [nxc�icc �5��i4 i141�n.[i�cil[s C:i[} oi) : C.�]iambrr [.Un�h_ h�4cr�bce $]$,�U , !'a���r�cnt tisr Io�x oic� � S! 73 � 4i�m�i�cll�t C'i«� �,Il d�'hainl5�r I.ui7clr, ��icmhir $ I 4.��[? I:s��}iC� ;�Jur�iFw4.� -4')4����� kitllin� InfDrmyfl�n ?t�!i� C`�itir��� A9is[tlSC41:s1 C."ili� ilt� 7�S ��'��elUl.�ll'C41. 4UICi � '��t�3iYii4�Jl�.�, L�iT� 5536� ll� 24��fif�:� I. 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Mernb�er $15.Of �aym�nr .`ar In�t�i+�e #5�9 i (Mpnti�ellr� �rty �F) �.h�rrober Lurtch, h�lember $15.p+� Payment fpr Int��iC� #5173 {NR�n�i�eJla Gity af� Charn�er Lur1Ch, h�femb�r $15.i}Q C�uantiiy Tot�a Amo�r�t 7 �15 00 � $15.�0 � $15.0� Grand T�tal� �4�.�p - — �—� �1��tis Lm�i! u��rs a���c�ir�at��all�� ���t3crat�c-1, �;��r ��u�,tic�r7s +��- t�edhack. �I�n;;� ��,r�tac;t 4�� ��- �►fIor�te��lle� �"�yirmb�r s�f �urt�rrt�rce �t��i In�3aa�l�� ?��5 �'ir�e S�lre�t �'(�� f3cks 1 ��? 1��I��i��icellck, �4�f;�; ;�, ;�� (7�3� ���,�-�'70f} s�1tO��[;�.![i3�ni1 L� I1[kCC:1,�.[�d17 iltt�a„fr'�'�a �.��,ni�niic�:l lc�c�:i.cd�rn � �'�nc�or ��� . � ��tc t�t"7-r����cti�r� � �� � � � CM1Y �F A+1p�1TICEtL� �Rt�+ �#all ��rd Tr�ansaction Please �tt�c� t�e ir�woicef re[�ip# and any other �vailabl� �iacumentation ta �tF�is Form. Ta be crsrv�pl�ted by purch�ser: Arno�ur�t � . -�, ; -a4.,� i _ _ Circfe pur+�h�5er narne: Tracy Ergen � �1i�ki L�erhoff ��acFiel L�c�r�are� J�ff 0'Neila iN�yne Ob�rg ��r�h R�th�isb�r��r j�r1�IPfEr ��hr�lb�r An�ela Scl�umann Jim 7F��r�� J��ob Thur�ar�d�r ; :; ... " . �_y �� � � Ert7ployee �ign�tur �,. 0 � isor Si n t r� � C��te ap�rov d ��1��P�A f Yoj�t'�' # OC �Q'SCfl��f011 �-��'�17 �C.�i � C�rcl� �ie�artm�ent cc�de: �J�'C�� �x���'ISE �c3��� 42I99� 43135C} ��1990 43 � 2�C� 4�� 1flU 44330� 4437�p[] 4�39'90 ��C_r � ��� City Council Admini5tration �E �+��t i o r�s Fi�l�n�e Hur��n Re��rur`�es �lannirog and Zoning D3t� Prc�[��5ir�g Cit.y Hall E�[ar��orni� C?evelc�prn�nt HRA General Op�ratrng Supplfes Newslett�r S�ervi�e5 hJliscellaneous Rrof 5ervpees Postage Tr�vel/Training Exp�n�e Duss Nlerttiber�hip $. Subscrip Li�ens�s and Permit5 MiS�, �}#her ExpenSe �� ��A►��i'�� F��:t:. w��.��.t �av � €�, Nr3hITICEI l Q- 7G3 ?; i 1:+�0 ili1:°17. ��:i� .-i°? :'F �'M E+4PI1',F5 C�?,'1�!.. �NiY',�'�'�',9 �N���«���":�'' i�l III i"ii��1� �16�{���I'4T ��� l'1i1�� h���.� I RL �� i � ia . � . . , �,�IC: � l':i � � (�JJSY h��T�'wL 5�+��CV[ �� �.'� � �� fl a��'i PdA �'a D�s_ '. ��Aa��, �� � 1 ��: . ., rt�Ot7fJ:i;i T�:C �'I�1�.aNT#l�d �'h� � � �2 . fl4 �� . ; f ����,1 ',a' Ls �L� �I �Ac� * t� ��4 . �; � ,_:J�Ca 1 � �AC�kh�A F4�J �2 - 7-. ' �1 fit h k� I� �ll , 5�}l I l; Sk1�i0T�L ��7,�� , T�N� �xE�1PS ;,Al� �C1.0[ �.e�u. '62d.'�E t���i� ���� l.;il+�,� ���.�t KI��.�;r��.,,1�.::u_..,.iiClllif]1 ���F'+. l; <:LI.'7 , �2-��i(l�f-�itibi �1�.�„F�-7�`?J-i 1dt,t�#J:-�1-2'��-U�13 He1Fa m�� yi�uC` T�I-±��t F2�aai l�ett�i`. Tuk� a� rre�r��,`ta siu�ve� 's1:��.,;iiC 1c<��k�'� tr�wF,: 1 [yt�?f��l�i���#�?.: �t��ll L6sar� 1'�; 7i18� �18� �9'� Passw�x'd_ �25� 429 , e p� i.�, � r�i� :� � � ! . �' l4� 1��� � ���i � I ik - S� . ��� . .r�i� � ' _. Julie Cheney From: Angela Schumann Sent: Thursday, May 9, 2019 8:13 AM To: Julie Cheney �c: Jim Thares Subject: RE: Target $27.56 To EDA, Misc. Angela Schumann Community Development Director City of Monticello �tiTww.ci.monticello.inn.us 763-271-3224 Email correspondence tn and from the City of Monticello govern�nent office is subject io the Minnesota Govern�nent Dgt� Practices act and anay be disclosed to third parties. From: Julie Cheney <Julie.Cheney@ci.monticello.mn.us> Sent: Wednesday, May 8, 2019 2:58 PM To: Angela Schumann <Angela.Schumann@ci.monticello.mn.us> Subject: Target $27.56 Angela Attached is a cc purchase by Vicki for some food items for the Downtown Round meeting. Where should this be coded? Thanks, JuCie CFieney Finance Assistant City of Monticello 763-271-3205 Julie.Cheney@ci.monticel lo.mn.us APC�ci.monticel lo.mn.us -� i���t���ll� Email correspondence to and from the City of Monticello government offices is subject to the Minnesota Government Dntn Prnctices Act and mny be disclosed to third parties. i EDA Agenda: 06/12/19 5. Consideration of Resolution #2019-05 approvin� Fa�ade Improvement Grant A�reement with A�osto Law Office A. REFERENCE AND BACKGROUND Agosto Law Office has submitted an application for the Downtown Fa�ade Improvement Grant Program. Agosto is located at 142 West Broadway, and is considering improvements to the front facade. At this time, staff has requested that the applicant discuss their application with the EDA. The applicant has provided the following in satisfaction of the grant guidelines and application: • Completed Application • Project Plans — Rendering and Scope • Proj ect Quotes/Estimates (Minimum of two) • Property Legal Description Within the application form, Agosto Law Office provides detail on proj ect impact and scope as required. Staff has confirmed that tax payments are current on the property. The applicant must also carry current insurance through completion of the grant proj ect. The applicant has provided two quotes to complete the work as depicted in the rendering provided by the Cuningham Group. The applicant has identified its preferred contractor and, based on the quotes supplied, they propose to use the lowest quote from Chuba Company. Chuba has previously completed some work for Agosto Law Office. In their bid they have also identified significant building repairs needed beyond the fa�ade tasks. These repairs are not considered to be part of the Fa�ade Improvement Program and the applicant is not seeking funding for this work. The total Fa�ade Improvement proj ect cost is estimated at $44,200 +/-, not including building permit plan review, architectural drawings and inspection fees and a structural engineering report, which together is estimated at $3,800.00 ($48,000). In the application, Agosto Law Office proposes a financial commitment of $2,400 for the project, or 5% of the total proj ect cost including permit fees which is the minimum amount required under the Grant Program Guidelines. Agosto has indicated that if the proposal exceeds $52,500 additional owner matching funds will be provided as required. The estimated proj ect cost is based on a scope similar to that which reviewed in a meeting between staff, the applicant, Chuba Company and Cuningham Group. The project involves the replacement of windows and trim on the Broadway fa�ade as well as a new door, stucco refinishing and painting and installation of either regular transom windows or false transom windows. The structural report is required to determine if the building front has the integrity to accommodate the added weight of modern transom windows. If it is determined that regular transom windows cannot be used, then false ones may be an acceptable solution. The final quote also includes updated business signage and a historic plaque. The applicant and contractor are planning to attend the meeting to answer any questions on the project proposal. Cuningham Group is in the process of completing an updated front fa�ade rendering which EDA Agenda: 06/12/19 will include all updated work components. Completion of the final updated rendering is included within the scope of the EDA agreement with Cuningham for each property. The final rendering is required to be attached to the grant agreement and used as the required proj ect completion guide. The applicant has indicated that it has contacted a financial institution and has gotten approval for debt financing for the deferred maintenance and structural work components as well as the required owner contribution for the fa�ade improvements. Staff has not seen this approval yet. It will be required as part of the execution of a Grant Agreement. The total fa�ade project estimate is $48,000 including related fees, less the applicant's project contribution of $2,400. The current grant guidelines stipulate a maximum of $50,000 in funding per business. The prospective EDA grant for the project will be $45,600 +/-. Staff has included an alternative action which allows the EDA to approve the grant application pending financial commitment satisfactory to the EDA attorney for the project differential. At the time that a grant application is approved, the applicant will be required to provide a final contract from their selected contractor for staff and EDA attorney review. The contract shall include the final proj ect scope, rendering and proj ect timeline, in addition to the other requirements on Page 5 of the Fa�ade Improvement Program Grant Guidelines. B. ALTERNATIVE ACTIONS: Motion to adopt Resolution #2019-OS approving Fa�ade Improvement Grant Agreement with Agosto Law Office contingent on the following: a. Completion of structural engineering report and verification by staff that the proposed fa�ade improvements comply with the report recommendations. b. Financial commitment satisfactory to the EDA attorney for the remainder of the proj ect cost. c. Compliance with remaining grant guideline requirements. d. Execution of a grant agreement including final proj ect rendering and contractor contract meeting all program requirements. 2. Motion to table action on Resolution #2019-OS approving Fa�ade Improvement Grant Agreement with Agosto Law Office contingent on the following: a. Completion of structural engineering report and verification by staff that the proposed fa�ade improvements comply with the report recommendations. b. Financial commitment satisfactory to the EDA attorney for the remainder of the proj ect cost. � EDA Agenda: 06/12/19 c. Compliance with remaining grant guideline requirements d. Execution of a grant agreement including final proj ect rendering and contractor contract meeting all program requirements 3. Motion of other. C. STAFF RECOMMENDATION: Staff recommends Alternative #1. The presence of the applicant and the preferred contractor at the meeting should help to answer any remaining questions about the proposed fa�ade project. They can also give insight as to how the deferred maintenance repair work will occur in relation to the fa�ade tasks. Staff believe that as improvements begin under the Fa�ade Improvement Program, other property owners within the proj ect area will take notice and move forward with their own applications. D. SUPPORTING DATA: A. Resolution 2019-OS B. Grant Application w/ Quotes C. Building Fa�ade Rendering D. Grant Agreement Template EDA RESOLUTION NO. 2019-05 RESOLUTION APPROVING A GRANT AGREEMENT BETWEEN THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY AND AGOSTO LAW OFFICE 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 for private development, including grants. 1.02. The Authority and Agosto Law Office (the "Grantee") desire to enter into a grant agreement (the "Grant Agreement") for a Downtown Fa�ade Improvement Grant (the "Grant") to be used to pay a portion of the costs of certain fa�ade improvements, including transom windows, signage, and entry door (the "Improvement Costs") on certain real property located at 142 W. Broadway Street in the City of Monticello (the "Property"), in conformity to the Grant guidelines. 1.03. Pursuant to the Grant Agreement, the Authority will grant to the Grantee the sum of $ (the "Grant") to reimburse a portion of the Improvement Costs. 1.04. Pursuant to Section 116J.993, Subdivision 3(1) of the Business Subsidy Act, the Authority is not required to hold a public hearing on the Grant because the Grant is in an amount less than $150,000, and is therefore not a business subsidy. The Authority further finds that the purpose of the Grant is not the creation or retention of jobs. Therefore, notwithstanding the requirements of Section 116J.994, Subd. 2 of the Business Subsidy Act, the Authority determines that the terms of the Grant may deviate from the Authority's written business subsidy criteria, and hereby sets the job and wage goals of the Grant at zero. Section 2. Grant A�reement A�proved. 2.01. The Authority hereby approves the Grant Agreement in substantially the form presented to the Board. The Authority further authorizes execution of the Grant Agreement and all documents prepared in connection therewith, subj ect 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 Grant Agreement by such officials shall be conclusive evidence of approval. 1 585528v1MN325-40 Approved this 12th day of June, 2019, by the Board of Commissioners of the City of Monticello Economic Development Authority. President ATTEST: Executive Director 585528v1MN325-40 ,, T� f) F MONTICELLO EDA � • M�nticella DOWNTOWN FACADE IMPROVEMENT - GRANT FUND APPLICATION 1. CONTACT INFORMATION Legal Name of Business: Project Site Address: City / State / Zip: Contact Person(s �� �s e:_ Ho�iSone: Check One: 0 ❑ Proprietor ❑ Corporation � Partnership Federal ID # State ID # Legal Name of Property Owner: /%� �� ����� , � Project Site Address: City / State / Zip: Contact Person(s): ��� Bu��hone: _ 2. PROJECT GOALS � 0 /,S,�G�C�c�� Email: Please give a brief summary of the project: �d,� � i;,�%.l ,," �a,Lse �,ea.�s��zs o,� �� /a � � s�o,�. I� � � � ,GG� p� ���i� . /�l�S S� �a 9� ��,�r�,c� a,�����<v�, �a� . , 9 � � � g' �s�an�'� • /l'�t� �� �Y G�i.-Ic%�c,�s . �csv, �� �w� ��c� • . ��t. c.l c,c�� 1�= �.`LS . 1��s �%l� I i c� �--F- � nc� -��. � � ������� ��-�-e�. � v � . Please describe how the proposed project will positively impact the city's downtown/Central Community District:] �,-� w ��. (p � C� C�/l �cc�� �;7 � e `tt� 1Z � 3. C��,e.�✓Z�Oc-c� Vl . ,S ��� t�(1� ��� (,L�� �� � �1 Gc.� � � �- �� C� 5 �� C�,�t —�,� � i �� `��-c�S —i-C� �� (� �c-c� � G� � S C� �' � c�c��"C� t�l , PROJECT FUNDING A. GRANT USE FUNDING REQUEST Maximum grant a�nount of $50,000 Fa�ade Improvements Frontage Improvements (Signage, awnings, permanent landscaping) Total Grant Request: B. OTHER PROPOSED FUNDING SOURCES Bank Loan Private Fund Commitment (5% re�uired) Applicant Commitment Other Total Other Funding Sources PROJECT TOTAL: $ $ � S� � � _l2�em�':�+�c�L �'. b IVi�1�1r7t�C�nt�l"�S �G�- � �, /�iG � G0.� • S .SC�I PROJECT CONTACTS (Lenders, �rivate funding source, partners, etc...) 2�Page Name Addre: Phone� Name Address Phone/Email: 6. 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)Property Legal Description 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 polic . APPLICANT SIGNATURE ` . � APPLICANT FAME (Print): �/ � �� �'+ � DSJ l/ PROPERTY OWNER NAME (Print): �I /� /ZCC/%I� � �G V ��`�""`''� PROPERTY OWNER SIGNATURE: � DATE: �/S/I % 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 skould be so designated or marked by Applicant. See Minnesota Statutes, Sections 13.591, Subd. 1 and 2. 3�Page �(1 or�a:ceo:�t�rur. k^A Fr., �sn?� rbia' ',` .._-c.��N�-tPc71 __�� wr p' � Ha ' �7 p-S`f % I: Ea?a Dd.[3:•syY-ru. rra-�.rT,a ' ���C_� E-2v r. — � — r��;� LC�.��U ,`,�J ��'_ /�, Fr �r.:trm`_ on fsw hsrc��n o( g�1�/ �C.�_ Pafd l �ca:� a Fl rol� t!o L� `s..�� 1__1 _ �� � _�t��dr ��� �� s 1�y l�/�Cr�� Courly r� sur,�r ':.�r, ii��-si7r�aai ✓)��'r��J'1_"�.<�t ''�/2������r�'� , �._:t � .V il`�r � i ��-l�iV� LJ" Sta[e of Minnesota 63492'� • ci(i� 11� f'fn)�,T Y!t�� C'.litfr {�. C ,:�;�;F� i r;si'1N i Y. � tI �tHL�01); 'li li'll iil(;�; `1'_i ii ,_ �'. . , .. �1� Jfii'a ?�) fl�1 )� 5U hiC�f'2CI1 L At1T10.C�,f�EC01tDER [iY�_J�� ��Illkl� " ��� �FPIITY Space Ab REAL ESTATE MORTGAGE (With Future Advance Ciau�e) I. DA1'� AND PARTIES. Tlic ciate oC this Mortgage is ... ����`'18g?. 25,_. 1997_,.,,, and the parties and their addresses are as follows: MORTGAGOR: JAMES..P,AGOS'I� .................................. JILL.,L.AGOS'I17..................................... ❑ Refer to the Addendum �n�l�ich is attached and incorporated hercin for additional Mortgagors. LENDER� P?�'�?�?ID..BANK ..................................................................................... ORC'=7aNI7FD, .ANL�.. EXLSTING . UNDII2..THE..I�AWS..OF . THE . STATE. _ OF. MINNESdI'A 2. D10R'PGAGIs. Cor good and valuable consideration, Uie receipt a�id sufficiency o[ which is acknowledged, aud to secure the Secured Debt (hereafter defined), Mortgagor grants, bargains, sells, conveys and mortgages (o Lender, with the power of sale, the following described properry: � WEST 7 FEEi' OF II.7P 11; THE EAST 16 FEE�P OF LOT 12; IN BL(JC�C 35 IN TfIE VIL�L�AGE OF NYJNTI�7, ACCGrcLitiG T"J PL�F?''_' OF PF'm'RD. The }�roperty is located in .WRIC�PP ........................................................ at ..................................... (Cuunty) .142..WEST,.BRO�DWAY MONTIC�I�1J ....................... Minncsota ....55.362....... ............................... ........ (Addre.ss) (Ciiy) (ZIP Codcl Together with all rights, easemcnts, appurtenaiices, roy�lties, mineral rights, oil and gas rights, crops, timber, alI diversion payments or third party payments made to crop producers, and all existing and future improvements, structures, fixtures, and replacements that may now, or at any Cime in the fuCure, be part of the rcal estate described above (all referred to as "Property"). The term Properry also includes, but is not limited to, any and a'll water wells, water, ditches, reservoirs, rescrvoir sites and dams located on the real estate and all riparian and water riglits associated with the Property, however establisheci. 3. MAXIMUM OI3LIGAT[ON LIDIIT. The total principal amount of the Secured Deb[ (hereafter defiued) secumd by this Mortgage at any one time shall not exceed $ 83,,000,.00 ........................ . This limitatiou of amount does not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and otlier charges validly made pursuant to this Mortgage and does not apply ro advances (or interes[ accnied on sucl� advance�) made under the terms of this Mortgage ro protect Lender°s security and to perform any of the covenants contained in this Mortgage. Future advances are cnntemplated ar.d, al�i�g with otlier fuh�re obl��ations, a.-e �ecured hv lhia Mortgage even rhnuall �II or part may not yel be advanced. Noihing in this Mort�age, liowever, shall constitute a commitment to make addilional or future loans or advances in any amount. Any such cominitment would need to be agroed to in a separale writi��g. SECUREll DGBT DGP'INGU. The tern� "Secured Debt" includes, but is not limited to, the following: A. The promissory note(s), contract(s), guarant�-(s) or other evidence of debt described below aud all extensions, renewals, modifications or substitutions (Evidence of Debt): .��..#66632,005..IN � AI�JUNT OF .,,..,,,, ........................... .$83.,.000., 00. nATED.NOVII"1BER.25,...1997 ............... . ...........:....... .......................................... ....................................................................................................................................... ............................................................................................................................................. ............................................................................................................................................. (e.g.. hnrrrnw�r'e rmmr. nnle nn��qun, inlorrsl ra(e, rnoi,- ..�. dnle) [MINNESOTAI - AGRICULTURAI �COMMERf,IAL MORTGAGE R:��.; FOqFNM^ �IIfMC.FHAORV�USF.ANDNOTfORCi'�' "�fFlPURPOSESI page 1 of 6 m 1993 Baiik��rs Systems, Inc.. Si r i„�i��, MN � I R00-397 :'141� Fn���� , ��O-MT� �. �"1 5/8/97 ��A • 1�� ■�■ Proposal for: Monticello Fa ade � Im rovements p Buildin #3 g Monticello, Minnesota Contents: Proposal Division 1 General Conditions Division 2 Site work Division 4 Masonry Division 5 Metals Division 6 Woods & Plastics Division 7 Thermal & Moisture Protection Division 8 Doors and Windows Division 9 Finishes Division 16 Electrical Notes: -Pricing is for preliminary budgeting purposes. Design Work is Incorporated into overall construction pricing. -A gypsum drywall soffit was figured where glass transoms and larger windows are to be installed to let in intended light. Acoustical Ceiling will bridge the gap from storefront wall to soffit. Each building will have different finishes to accoinmodate when final plans are developed, but money was figured for limited interior work as a placeholder in the budget. 1�� ■�� March 28, 2019 Proposal for: Monticello Fa�ade Improvements — Building #3 Building #3 l42 W Broadway St, Monticello, MN 55362 Ms. Jill Agosto, Thank you for giving Scott Builders the opportunity to assist you in bringing this project to fruition. We are looking forward to working with you on your project in Monticello, Minnesota. Per our discussions and visits to your to the project location, we have prepared the following proposal for your use for business plans, financial discussions and use for submission to the City of Monticello. Our proposal is for the sum of $81,872.00 Please see below for descriptions on what is included in this price. Again, we look forward to working with you as this project progresses. If you need anything else from us, please do not hesitate to contact me. Regards, Derek Anderson Project Manager Scott Builders. Inc. `1\ r�� Division 1: General Conditions Jill Agosto will provide a satisfactory set of warking drawings for Scott Builders through the design build process. Scott Builders will host design meetings in which Jill Agosto will be able to go over the specifications of the project at 142 W Broadway St. in Monticello, Minnesota with the appropriate officials. All costs for design work are incorporated into this price. This proposal is based on knowledge of the city in which the project will take place and building codes, laws and regulations. Jill Agosto has been given permission for the use of this location for Building Fa�ade Improvements. The land is properly zoned for this use and Scott Builders will handle fees, permits and taxes from this point forward with this budget. Scott Builders will obtain the appropriate permits required for construction in the city of Plymouth and the state of Minnesota. Any other special rec�uirements are not included in this proposal. Buildin� #3 DIVISION 2 SITE WORK Demolition • Remove and dispose of noted storefront. DIVISION 5 METALS Ornamental Metal and Fabrication: • Furnish and install Deco Channel, Galvanized and powder coated. Division 7 Thermal & Moisture Protection • Prep face of wall for new PB EIFS • Furnish and install new PB EIFS with air barrier at storefront. DIVISION 8 DOORS AND WINDOWS Glass, Glazing & Storetronts: • Furnish and install new aluminum transoms per plan above existing Storefront glass. (Header would need to be fra�ned to divide and suppo�t t�^ansom.) 1�� ■.� DIVISION 9 FINISHES Rough Carpentry & Gypsum Drywall: • Patch demo scars from removed storefront/windows. • Furnish and install gypsum drywall Soffit 8' behind face of storefront glass to allow light in from new transom to enter. Acoustical Ceilings: • Furnish and install 2'x2' acoustical ceiling grid and ceiling tile at front 8' of new storefront faCade and 4' patch back at backside of new gypsum drywall soffit. Painting: • Paint new soffit at front entry. DIVISION 10 SPECIALTIES Signage: • Furnish and install 12" high x 1/4" thick flat cut aluminum letters for "Agosto Law" at front fa�ade of building with blind studs and silicone adhesive. • Furnish and install 48" high x 54" wide non-illuminated double face blade sign. DIVISION 16 ELECTRICAL • Allowance of $500.00 to disconnect and relocate existing lighting fixtures at interior of building for install of new storefront. Alte�nate: Price to include Design, stucco repair at side and rear of building, gutter/downspout and ice melt system. ADD $67,590. 00 7 H E ����� CQMPANY .1 � l l : �_�=t�st�t 4'� c�rk tt� f�e ����-#t�rtncci at: 14? Vd. I3i-c�x�it�'a�� Mni�ticcl[c�. 1�9�I i736? -��T 1-2�} (:��F�r�•act tc� ii�c:lu��c t�i�. t��llc3`�-it��;: <. Fa��c�c improti��tnent�, v�►�ith �c]ditie�nal e�:teri��r up�r�idcs �JO�I,�� �,it�t�a�crfe rt�trr'�1`��os���rj��'.s Irallilc��i�ctc a��est of rtatl� �fr��_�,'�`rc�rl, firal�rrij�. or•sl�e�rtbrt�� re�r�ir. �Il[!� i11CT)� l�e �er�»rrer�j � . � �aca��c�: ttt•r�i��l-e cxr�tii�g tii�ii���c� fr��t�� �t-r�i�� fr��iit I.IET C:iltirlil�? 1`Clf)�C'.!�? f)Ut []I l}lt` 11'dj' l�rt•� �tc�rcfrc3i7t fc�r ita�tallatif�r� ��f !��°I�, �I:�tcrica�- I�iili,�� lzis�ilFtrir�n ti�';;i�mj ���c� inc�tst�� c;1��s� ��I3 I;�� �� t�riT�� 1�•eEithcr ��arrtcr c�r� st{�reft-c�nt c�i11t- . I`l�t�hin� �inc� c��u��:irZ�; to bc'. L�{Jf1C 111 �(lI1�L1�ICTlf)I] �}%lt�l .tc�i��-�rvnt. �las� itz�t��llari��rj l�emc�vc� eais�ii�� stc�r��rc�ilr �las:� .lf1L� IT':iI171i1� Insral] (;:1II cic�r at7c�di�c� �tc:srcfe��tlt c��trailc� ���it�� :�i�clitc t�r�i��ir��; Eti-it�z 1'. cicar, ]cjt�;�-L: �;las� I7��r�r t� k�t tn��iurn �til� �t�-it�l � 0" l}�ttc�m raiZ, _1c��Y��:; �Zitc ��15 hc�c��t�alt lr�cl:, ��ff�er ���sh/��ull l�a���ilc�, aci� 5urf�ce inounic�d F�aIcc�n ��c��er I`'rc?t�t cntz-�' tc� n�at��� c�i�tin� si�htlines T'crnPrara�' hcatjscct2rit�° encic�su�•c (if r�c�c�ccl} «�ill ��c� ;ar ,��lc�iti����l cc�st Subtotal = 525,54�.37 + �cz-mit cc�st� 1 of fs Iu�itial: ��� �p,.;�,�'. ��`�_ f' ^ �r .q ,. _. -.,` ..... _ --" � �T' ` \. _ . _ • � S1�Tlc1�e: (The Chuba Co�npany i.r ony able to provide buclgetayy ni�mber.r �zt thi.r ti�ne a.r there are no ap��oved �le.rignJ��dimen.rion.r in plc�ce� To include large scale building signage above storefront New illuminated tenant signage hung perpendicular to facade 9" x 11" b�onze historic plaque mounted to EFIS exterior Address and contact info decals on door (storefront) Budget an�ount = 10,000.00 r�dditional exterior- upgrades: Remove and dispose of all damaged stucco from side and rear elevation of building Install new class PB EFIS �vith weadzer barrier over e�sting sheathing (if not damaged) to match the front of the building �1 YIe ivill neec� a site visit ivith the electrzcian to �liscus.r the code colnpliancy of exisiing elect�zcal Jneter.s location anc� ynean.r of in.rtallation �ub-total = �58,5�9.00 Remove (non-code compliant) rear entry door and window Rev?se framing to allow for correct door size Replace door with new CMI dark bronze anodized storefront entrance with 1" clear, low-E glass Door to have medium stile with 10" bottom rail, �dams Rite MS hookbolt lock, offset push/pull handles, and surface mounted Falcon closer Replace window with new CMI dark bronze anodized stationary storefront frame with 1" clear, low-E glass Sub-total = �5,716.00 2 of 6 Initial: ����° - `� � ,� � �. � , �� �,�.�= � � � • -� Remove existing plywood soffit panels, and facia board above rear entrance to expose framing Inspect, replace, and repair as necessarv Install new center vent aluminum soffit panels Install new sub-facia board Install new custom bent, aluminum facia Sub-total = �1,286.10 Remove and haul a��ay roofing material from parapet walls Remove and haul away existing cap metal Furnish and install plywood to the inside of parapet walls Furnish and install climensional lumber on east parapet wall Furnish and install '/2" EPS "fan-fold" insulation over existing roofing system Furnish and install mechanically fastened Duo-Last roofing system according to manufacturer's specifications including: �pre-fabricated 50 Mil single ply roofing membrane (Energy-Star wlute) �pre-fabricated parapet wall flashing �poly-plates and associated fasteners �pipe flashings �2-way vents (1 per 1,000 sq. ft) �Walk Trac III ��a1k pads to be placed around 1�C unit (2) Furnish and install 4" D-edge on south-side of building Furnish and install weldable metal D-edge on west wall Furnish and install 6", two-piece compression metal on east and north wall Sub-total = �38,825.00 3 of 6 Initial: �n��'°` � . / ,.�_ "x. -- ..�-� ��,:^ --- � . � � � � (NO HIDDEN COSTS) Prices include tax, labor, material, clean up and removal of all job-related debris, all manufacturers' warranties, and a Lifetime Workmanship Warranty from The Chuba Company. NO FURTHER DISCOUNTS OR COUPONS ALLOWED WITH THIS OFFER (Bid is good for 30 da��s) If Builder discovers conditions or defects in the Property which affect the performance of the Improveinents, including, but not limited to hazardous substances, asbestos, lead- based paint, code violations, or upgrades or additional improvements required by applicable building codes or building code officials, or if Builder encounters other circumstances that are reasonably beyond Builder's control (collectively, "Unexpected Conditions"), Owner agrees to be responsible for the Unexpected Conditions, and all costs associated with remedying the Unexpected Conditions, including a reasonable amount to cover: (i) Builder's overhead, and (ii) Builder's standard profit margin. Builder may require Owner to deposit an amount sufficient to cover the cost of remedying the Unexpected Conditions before Builder will be obligated to start work to remedy the Unexpected Condition in question, and work on the Improvements may be suspended until the Unexpected Conditions are remedied. Mechanic's Lien Notice. Builder is required under Minnesota Law to provide the following notice: "(a) ANY PERSON OR COMPANY SUPPLYING LABOR OR MATERIALS FOR THIS IMPROVEMENT TO YOUR PROPERTY MAY FILE A LIEN AGAINST YOUR PROPERTY IF THAT PERSON OR COMPANY IS 1�iOT PAID F�R THEIR CONTRIBUTIONS. (b) UNDER MINNESOTA LAW, YOU HAVE THE RIGHT TO PAY PERSONS WHO SUPPLIED LABOR OR MATERIALS FOR THIS IMPROVEMENT DIRECTLY AND DEDUCT THIS AMOUNT FROM OUR CONTRACT PRICE, OR WITHHOLD THE AMOUNTS DUE THEM FROM US UNTIL 120 DAYS AFTER COMPLETION OF THE IMPROVEMENT UNLESS WE GIVE YOU A LIEN WAIVER SIGNED BY PERSONS WHO SUPPLIED ANY LABOR OR MATERIAL FOR THE IMPROVEMENT AND WHO GAVE YOU TIMELY NOTICE." OWNER'S INITIALS: 4 of 6 Initial: � �� �� _— —<-� °'� '" �- -� �, , ; �___:_` _�__-� � � � � -. Owner The "Performance Guidelines" referenced in attached Exhibit A. The Performance Guidelines are included as required by Minnesota Statutes Section 326B.809(b) and incorporated herein by reference. Owner acknowledges receipt of the Performance Guidelines prior to signing this Agreement A copy of Minnesota Statutes Chapter 327A is attached as Exhibit B and has been provided to Owner in compliance with Minnesota Statutes Section 327A.08. Owner acknowledges receipt of the same, that the provisions of Minnesota Statutes Chapter 327A are included as part of this Agreement, and that this Agreement and the copy of Chapter 327A together constitute a written warranty instrument as required by Section 327A.08. The parties hereby agree to waive and replace the dispute resolution process specified in Minnesota Statutes Section 327A.051 and agree to resolve any disputes as provided herein or otherwise provided under Minnesota law. Owner acknowledges receipt of the Lead Hazard Pre-Renovation Disclosure Acknowledgement attached hereto as Exhibit C, and that the same is incorporated herein by reference. Builder has the right to stop construction of the Improvements if Owner fails to make any progress payment at the time or in the manner required by this Agreement or otherwise defaults under this Agreement. Builder need not resume construction until Owner has brought all payments current and cured any other defaults of Owner under this Agreement. The anticipated date of completion shall be extended for the period of the delay caused by Owner's non-payment or default. Owner agrees to pay for all collection costs, including employee time and expense and all attorneys' fees and costs Builder incurs in collecting payment and/or protecting its interests in Owners' past due account or otherwise enforcing performance of this Agreement Builder will begin work on the Improvemer;ts on a date to be mutually agreed upon between Builder and Owner. In the event that MN Building Code Section 314.5 is enforced, additional costs incurred to hardwire smoke alarms will be the homeowners' responsibility. If Owner instructs Builder to perform items of work or improvement other than as exactly specified in any applicable insurance estimate, Owner bears the sole risk of non-payment from Owner's insurance company for failure to perform the exact work or improvement approved by the insurer. In such event, Owner shall still be responsible to pay Builder in full for all labor and materials Builder provides to the Property, regardless of whether Owner successfully recovers all insurance proceeds sufficient to cover the full cost of the labor and materials. 5 of 6 Initial: �� = "'�� _ _�;,f{�e������ ��;3sC.am _ _ _ � ��a, .��� � � . � � � � General terms: - Payments in stages at completion of each phase of construction - Total balance due upon substantial completion - ALL change Orders/Extras due at time of change or extra selection. - Payment by Cash, Check, Visa or MasterCard. In accordance with Chapter 324-5. F, No. 1886 The Chuba Company will not advertise or promise to pay or rebate all or part of any applicable insurance deductible. Thank you for this opportunity to earn your business. Respectfully, �P.r�e,�v LVa,r� ' The Chuba Company 19276 Vernon St. NW Elk River, MN 55330 Ph: 763-441-4488 C: 612-413-2226 Fax: 763-441-5835 MN Builder license #BC628158 Owner Owner Date Date 6 of 6 Initial: M � C1 C � m d i � � ,� i a � V � V a�:a 3 � 3 + � �� C Q -p r+ C N � � 'i �0 °�t a a� a V � .0 3 a+ � N 1a = Q. E 0 N � � fp GI � C t � �, a 3 a� ++ �0 C C O G1 w N 47 . Y3 0 v�i O 3� z3 � � � •� W �6 a x' � Z o Z s � V � GRANT AGREEMENT This Grant Agreement ("Agreement") is made this day of , 2018, between the City of Monticello Economic Development Authority, a public body corporate and politic and political subdivision of the State of Minnesota ("Grantor"), and , a Minnesota ("Grantee"). RECITALS A. Grantor has duly established its Downtown Fa�ade Improvement Grant Program (the "Program") and has approved guidelines for said Program. B. Grantee has submitted an application for a grant pursuant to the Program guidelines, and Grantor has approved a grant to the Grantee in the maximum principal amount of $ (the "Grant") to pay a portion of the costs of certain fa�ade improvements at Grantee's business located at in the City of Monticello, Minnesota (the "City"), as more fully described in Exhibit A hereto (the "Improvements"). C. The Grantor and Grantee have negotiated the terms of the Grant, and now desire to memorialize such terms in this Agreement. ACCORDINGLY, to induce Grantor to make the Grant to Grantee, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. The Grant Amount. Subj ect to and upon the terms and conditions of this Agreement, Grantor agrees to grant to Grantee the sum of and no/100ths Dollars ($ ). Proceeds of the Grant shall be disbursed in accordance with Section 2 hereof. 2. Disbursement of Grant Proceeds. (a) All Grant proceeds shall be paid to Grantee in accordance with the terms and conditions of this Agreement. Notwithstanding anything to the contrary herein, if the cost of the Improvements exceeds the amount to be reimbursed under this Agreement, such excess shall be the sole responsibility of the Grantee. (b) On the date of closing on the Grant, all Grant proceeds shall be deposited into an escrow account with an escrow agent (the "Escrow Agent") selected by the Grantor. The disbursement of proceeds of the Grant will be made subject to the conditions precedent that prior to or as of each date of disbursement: (i) The Grantor has received from Grantee, without expense to Grantor, an executed copy of this Agreement and of an escrow agreement in substantially the form attached as Exhibit B(the "Escrow Agreement"); 538719v3MN325-40 1 (ii) The Grantor and Escrow Agent have received from the Grantee's authorized representative one or more draw requests in substantially the form attached to the Escrow Agreement (each a"Draw Request"), certifying with respect to each requested disbursement: that each item for which the disbursement is proposed is included in the Improvements, accompanied by paid or payable invoices or other comparable evidence that the cost has been incurred and paid or is payable by Grantee; provided that each Draw Request must be made for a minimum amount of the lesser of $5,000 or the balance of escrowed Grant proceeds; (iii) Grantee has provided evidence satisfactory to Grantor that Grantee has established an account for the exclusive purpose of recording the receipt and expenditure of the Grant proceeds; (iv) Grantee is in compliance with the terms of the Fa�ade Improvement Program Guidelines and this Agreement; (v) Upon final disbursement of Grant proceeds, Grantee has obtained lien waivers from all contractors and sub-contractors for all work and/or materials in connection with the Improvements; and (vi) No Event of Default shall have occurred and be continuing. Representations and Warranties. Grantee represents and warrants to Grantor that: (a) Grantee is duly authorized and empowered to execute, deliver, and perform this Agreement and to receive the Grant from Grantor. (b) The execution and delivery of this Agreement, and the performance by Grantee of its obligations hereunder, do not and will not materially violate or conflict with any applicable provision of law and do not and will not materially violate or conflict with, or cause any default or event of default to occur under, any material agreement binding upon Grantee. (c) The execution and delivery of this Agreement has been duly approved by all necessary action of Grantee, and this Agreement has in fact been duly executed and delivered by Grantee and constitutes its lawful and binding obligation, legally enforceable against it. (d) Grantee warrants that it shall keep and maintain books, records, and other documents relating directly to the receipt and disbursements of Grant proceeds and that any duly authorized representative of Grantor shall, with reasonable advance notice, have access to and the right to inspect, copy, audit, and examine all such books, records, and other documents of Grantee pertaining to the Grant until the completion of all closeout procedures and the final settlement and conclusion of all issues arising out of this Grant. (e) Grantee warrants that it shall keep and maintain current property insurance 538719v3MN325-40 2 from the date of this Agreement through completion of the Improvements, and will ensure that its selected contractor carries commercial general liability insurance in at least the amount of the cost of the Improvements. (� Grantee warrants that to the best of its knowledge, it has fully complied with all applicable state and federal laws reasonably relevant to this Agreement and will continue to comply throughout the terms of this Agreement. If at any time Grantee receives notice of noncompliance from any governmental entity, Grantee agrees to take any necessary action to comply with the state or federal law in question. (g) Grantee warrants that it will use the proceeds of the Grant made by Grantor solely for the Improvements. 4. No Business Subsidv. The parties agree that the Grant is not a business subsidy as defined in Minnesota Statutes, Sections 116J.993 to 116J.995, as amended (the "Business Subsidy Act"), because the assistance is in an amount less than $150,000. [IF AMOLJNT GREATER THAN $25,000: Notwithstanding the foregoing the parties agree and acknowledge that disbursement of the Grant complies with the Grantor's written criteria for the granting of business subsidies (the "Criteria"), provided that the Authority agrees to deviate from the job creation requirements provided in the Criteria, since the Grant is for the purposes of downtown revitalization and job retention articulated in such Criteria and not for the purpose of job creation. The Grantee releases and waives any claim against the Grantor and its governing body members, officers, agents, servants and employees thereof arising from application of the Business Subsidy Act to this Agreement, including without limitation any claim that the Grantor failed to comply with the Business Subsidy Act with respect to this Agreement.] 5. Event of Default bv Grantee. The following shall be Events of Default under this Agreement: (a) failure to complete any part of the Improvements within 180 days after the date of this Agreement; (b) any representation or warranty made by Grantee herein or in the Escrow Agreement is false when made; (c) Grantee 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 under the Federal Bankruptcy Code, or is 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) any material breach or failure of Grantee to perform any material term or condition of this Agreement not specifically described as an Event of Default in this 538719v3MN325-40 3 Agreement and such breach or failure continues for a period of thirty (30) days after Grantor has given written notice to Grantee specifying such default or breach, unless Grantor agrees in writing to an extension of such time prior to its expiration; provided, however, if the failure stated in the notice cannot be corrected within the applicable period, Grantor will not unreasonably withhold its consent to an e�tension of such time if corrective action is instituted by Grantee within the applicable period and is being diligently pursued until the Event of 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). 6. Grantor's Remedv upon Grantee's Default. Upon an Event of Default by Grantee and after provision by Grantor of written notice, Grantor shall have the right to suspend or terminate its performance under this Agreement. 7. Indemnification. (a) Grantee shall and does hereby agree to indemnify against and to hold Grantor, 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 Grantor 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) This indemnification and hold harmless provision shall survive the execution, delivery, and performance of this Agreement and the payment by Grantor of any portion of the Grant. (c) Nothing in this Agreement shall constitute a waiver of or limitation on any immunity from or limitation on liability to which Grantee is entitled under law. 8. 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 Grantee and Grantor. 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 Agreement shall be binding upon the parties, their successors and assigns. All rights and powers specifically conferred upon Grantor may be transferred or delegated by Grantor to any of its successors and assigns. Grantee's rights and obligations under this Agreement may be assigned only when such assignment is approved in writing by Grantor; except that if such assignment is made to an affiliate or subsidiary of Grantee, Grantee may assign any of its rights or obligations to such affiliate or subsidiary upon written notice to the Grantor. 538719v3MN325-40 4 (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 Grantor: City of Monticello Economic Development Authority 505 Walnut Street, Suite 1 Monticello, MN 55362 Attn: Executive Director To Grantee: Attn: (f) Termination. Upon the final date of disbursement of Grant proceeds under the Escrow Agreement, or if the Grant is not disbursed pursuant to this Agreement by , 201� this Agreement shall terminate and neither party shall have any further obligation to the other, except that if the Grant is not disbursed because Grantee has failed to use its best efforts to comply with the conditions set forth in Section 2 of this Agreement then Grantee shall pay to Grantor all reasonable attorneys' fees, costs, and expenses incurred by Grantor in connection with this Agreement. (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 Grant. (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. 538719v3MN325-40 S 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. GRANTOR: MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY By: Its President By: Its Executive Director [SIGNATi JRE PAGE TO GRANT AGREEMENT - CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITYJ 538719v3MN325-40 6 GRANTEE: : Title: [SIGNATiJRE PAGE TO GRANT AGREEMENT- 538719v3MN325-40 EXHIBIT A IMPROVEMENTS 538719v3MN325-40 A-1 EXHIBIT B ESCROW AGREEMENT FA�ADE IMPROVEMENT GRANT PROGRAM ESCROW AGREEMENT This Agreement is entered into this day of , 20� by and between (the "Grantee"), , a Minnesota (the "Escrow Agent"), and the City of Monticello Economic Development Authority, a public body corporate and politic under the laws of Minnesota (the "Authority"). Purpose The purpose of the escrow established pursuant to this Agreement is to provide assurance to the Authority that Grantee will complete the proposed improvements ("Improvements") described in the Grant Agreement between the Authority and the Grantee dated (the "Grant Agreement"), which is incorporated herein by reference. Escrow The Escrow Agent hereby acknowledges receipt from the Authority of $ in Fa�ade Improvement Grant funds (the "Grant Funds") to be disbursed in connection with the construction by Grantee of the Improvements. Grant Funds will be disbursed to the Grantee in one or more payments as evidenced by the provisions of this section. Before disbursement of any Grant Funds deposited hereunder, Grantee must submit to the Authority and Escrow Agent a draw request in substantially the form attached hereto as Exhibit A(the "Draw Request") containing evidence showing that costs for the Improvements have been paid or incurred by the Grantee in at least the amount requested, provided that Draw Requests must be made for a minimum of the lesser of $5,000 or the balance of unpaid Grant Funds. Prior to the final disbursement of Grant Funds, the Grantee must submit to the Authority and Escrow Agent lien waivers from all contractors or sub-contractors performing work or supplying materials in connection with the Improvements. The Authority may, if not satisfied with the evidence provided, request such further documentation or clarification as the Authority may reasonably require. The Authority will authorize disbursement by the Escrow Agent of the Grant Funds upon receipt and approval of the Grantee's Draw Request evidencing Improvement Costs in at least the amount of the requested disbursement. Final disbursement of Grant Funds must be made no later than six months after the date hereof. Indemnitv Grantee agrees to indemnify and hold harmless the Authority from and against any claim, damage, liability, loss or expense, including reasonable attorney's fees, made by any party in 290813v1 MNI MN190-116 1 538719v3MN325-40 connection with the performance of obligations under this Agreement. Title and Escrow Char�es Any escrow fees will be paid by Authority. Termination This Agreement will terminate upon the earlier to occur of one of the following: i) mutual written agreement of the parties; ii) disbursement of all Grant Funds to Grantee; or iii) [date six months after execution of Agreement]. Any balance of Grant Funds remaining in escrow as of will be returned to the Authority. 290813v1 MNI MN190-116 2 538719v3MN325-40 [Grantee] I� Date: CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY Executive Director [Escrow Agent] By: Its 290813v1 MNI MN190-116 538719v3MN325-40 Date: Date: EXHIBIT A TO ESCROW AGREEMENT DRAW REQUEST — DOWNTOWN FA�ADE IMPROVEMENT GRANT 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 , a (the "Grantee"), hereby authorizes and requests you to disburse from proceeds of the Grant, in accordance with the terms of the Grant Agreement between the City of Monticello Economic Development Authority ("Lender") and the Borrower, dated as of , 2019 (the "Agreement"), the following amount to the following person and for the following proper Grant-related costs: 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 2 of the Agreement (or before the date of the Agreement); and (b) that each item for which the payment is proposed is eligible for funding from the proceeds of the Grant. Dated: Borrower's Authorized Representative 290813v1 MNI MN190-116 4 538719v3MN325-40 EDA Agenda - 6/ 12/ 19 6. Consideration of Rivertown Residential Suites' Exterior Elevation Plans (TT) A. REFERENCE & BACKGROUND The EDA is asked to review and approve the e�terior elevation plans for Rivertown Residential Suites (Briggs Companies). As a reminder the EDA reviewed and approved plans for development of the 47-unit apartment through a newly established Affordable Housing TIF District in June 2018. The developer has been tweaking the e�terior elevations since the initial approval in an effort to further enhance the look in the flavor of cutting-edge urban architecture while also using colors that reflect the traditional buildings that are adj acent to the proj ect. The attached elevation plans are the latest submittal by the developer. The plans show some of the same colors and look that was shown to the EDA in its first proj ect review meetings in Apri12018. The developer will be in attendance at the meeting to review the elevation details and provide an update on the progress of the project. Al. Staff Impact: Staff time involved in the Rivertown Residential Suites project is estimated at 80 to 95 hours for all aspects of the TIF related work components. The elevation review is just a tiny portion of that time. No additional staff are needed to complete the required tasks related to the successful completion of the development and ongoing administration of the TIF District. A2. Budget Impact: The budget impact is minimal. The cost for final review of the elevations is related to payroll costs for in-house staff. The tasks involved in the elevation review is partly covered by escrow deposits provided by the developer. At this point, the developer has deposited $15,000 in the escrow account to cover TIF related expenses. Additional funds have been deposited for plan review and land use approvals. A3. Strategic Plan Impact: The proposed program meets the following Strategic Plan Goals: • Create and Preserve Sustainable Livability: Work to attract and develop a healthy mix of housing options. B. ALTERNATIVE ACTIONS L Motion to establish approve final elevation plans of Rivertown Residential Suites (47-unit multi-family development) per the project approval steps outlined in the Contract for Private Development entered into by the EDA and Developer in July 2018 2. Motion to deny approval of final elevation plans of Rivertown Residential Suites (47-unit multi-family development) per the project approval steps outlined in the Contract for Private Development entered into by the EDA and Developer in July 2018 EDA Agenda - 6/ 12/ 19 3. Motion to table approval of final elevation plans of Rivertown Residential Suites (47-unit multi-family development) per the project approval steps outlined in the Contract for Private Development entered into by the EDA and Developer in July 2018 for further research and/or discussion. 4. Motion of other. C. STAFF RECOMN�NDATION Staff recommends alternative # 1. The elevation plan submitted by the developer as the final set is similar to the initial version that was reviewed by the EDA last June. Changes involve tweaks to the stone color and style, amount of stone (increase) and trim treatments, capstone-fascia and signage. The project is currently progressing. Work items completed in the past two weeks include the completion of parking structure-sidewalls and backfilling. The developer will be present at the meeting to answer questions that the EDA has about the elevation plan as well as the overall proj ect and timeline. SUPPORTING DATA A. Most Recent Elevation Plan Set (submitted May 2019) B. Original-Approval Elevation Plan Set (May 18, 2018) C. 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Definitions ..........................................................................................................2 Section 2.1. Section 2.2. Section 3.1. Section 3.2. Section 3.3. Section 3.4. Section 3.5. Section 3.6. ARTICLE II Representations and Warranties Representations by the Authority .................................... Representations and Warranties by the Redeveloper...... ARTICLE III Property Acquisition; Public Redevelopment Costs .............................5 .............................5 Status of the Redevelopment Property ...............................................................7 EnvironmentalConditions .................................................................................7 Public Redevelopment Costs; Issuance of Note ................................................7 OtherAssistance ................................................................................................7 Payment of Administrative Costs ......................................................................8 NoBusiness Subsidy ..........................................................................................9 ARTICLE IV Construction of Minimum Improvements Section 4.1. Construction of Minimum Improvements .......................................................10 Section 4.2. Construction Plans ...........................................................................................10 Section 4.3. Completion of Construction .............................................................................11 Section 4.4. Certificate of Completion ................................................................................11 Section 4.5. Records and Reports ........................................................................................11 Section4.6. Income Limits ..................................................................................................11 ARTICLE V Insurance Section5.1. Insurance ..........................................................................................................14 Section5.2. Subordination ...................................................................................................15 ARTICLE VI Tax Increment; Taxes Section 6.1. Right to Collect Delinquent Taxes ...................................................................16 Section6.2. Review of Taxes ..............................................................................................16 i 521619v3 MNI MN190-156 ARTICLE VII Financing Section7.1. Generally ..........................................................................................................18 Section 7.2. Authority's Option to Cure Default on Mortgage ............................................18 Section 7.3. Modification; Subordination ............................................................................18 ARTICLE VIII Prohibitions Against Assignment and Transfer; Indemnification Section 8.1. Representation as to Redevelopment ...............................................................19 Section 8.2. Prohibition Against Redeveloper's Transfer of Property and Assignment of Agreement ...............................................................................19 Section 8.3. Release and Indemnification Covenants ..........................................................21 Section 9.1. Section 9.2. Section 9.3. Section 9.4. Section 9.5. Section 9.6. Section 10.1. Section 10.2. Section 10.3. Section 10.4. Section 10.5. Section 10.6. Section 10.7. Section 10.8. Section 10.9. Section 10.10 Section 10.11 Section 10.12 SCHEDULE A SCHEDULE B SCHEDULE C SCHEDULE D ARTICLE IX Events of Default Events of Default Defined ................................ Remedies on Default ......................................... No Remedy Exclusive ....................................... No Additional Waiver Implied by One Waiver Attorney Fees .................................................... Redevelo er's Remedies on Default ..............................................22 ..............................................22 ..............................................22 ..............................................23 ..............................................23 p................................................................23 ARTICLE X Additional Provisions Conflict of Interests; Authority Representatives Not Individually Liable.......24 Equal Employment Opportunity ......................................................................24 Restrictions on Use ..........................................................................................24 Provisions Not Merged With Deed ..................................................................24 Titles of Articles and Sections .........................................................................24 Noticesand Demands ......................................................................................24 Counterparts.....................................................................................................25 Recording.........................................................................................................25 Amendm ent . . .. . . . . . . . . . . . . . . . . . . . . . . . . . .... . . . . . . . . . . . . . . . . .. . . . .. . . .. .. . . . . . . . . . . .. . . . .. . . . . . . . . . . . . . .. . ... . . . . 2 5 AuthorityApprovals ........................................................................................25 Termination.... . ............... .... .......... .............................................. . . ....... .......... ...2 5 Choice of Law and Venue ................................................................................25 521619v3 MNI MN190-156 Description of Redevelopment Property Authorizing Resolution Certificate of Completion Form of Income Verification ii CONTRACT FOR PRIVATE REDEVELOPMENT THIS AGREEMENT, made as of the l lth day of July, 2018, by and between CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY, a public body corporate and politic and a political subdivision under the laws of the State of Minnesota (the "Authority"), and RIVERTOWN RESIDENTIAL SUITES, LLC, a Minnesota limited liability company (the "Redeveloper"). WITNESSETH: WHEREAS, the Housing and Redevelopment Authority in and for the City of Monticello (the "HRA") and the City of Monticello (the "City") previously created the Central Monticello Redevelopment Project No. 1(the "Redevelopment Project") pursuant to Minnesota Statutes, Sections 469.001 through 469.047, as amended (the "HRA Act"), and adopted a redevelopment plan for the Redevelopment Project; and WHEREAS, the Authority was established pursuant to Minnesota Statutes, Sections 469.090 to 469.1081 (hereinafter referred to as the "Act"), and was authorized to transact business and exercise its powers by a resolution of the City Council of the City, which also transferred the control and responsibility for the Redevelopment Project from the HRA to the Authority; and WHEREAS, the Authority and City have approved a Tax Increment Financing Plan (the "TIF Plan") for Tax Increment Financing District No. 1-40 (the "TIF District"), a housing district within the Redevelopment Project, pursuant to Minnesota Statutes, Sections 469.174 to 469.1794 (the "TIF AcY'); and WHEREAS, pursuant to the Act, the Authority is authorized to undertake certain activities to facilitate the redevelopment of real property by private enterprise; and WHEREAS, the Redeveloper intends to acquire certain property within the TIF District (the "Redevelopment Property") and to construct a multifamily rental housing facility (the "Minimum Improvements") on the Redevelopment Property, and has requested tax increment financing assistance from the Authority to offset certain extraordinary costs of constructing such Minimum Improvements; and WHEREAS, the Authority believes that the redevelopment of the Redevelopment Property pursuant to this Agreement, and fulfillment generally of this Agreement, are in the vital and best interests of the City and the health, safety, morals, and welfare of its residents, and in accord with the public purposes and provisions of the applicable State and local laws and requirements under which the Redevelopment Project has been undertaken and is being assisted. NOW, THEREFORE, in consideration of the premises and the mutual obligations of the parties hereto, each of them does hereby covenant and agree with the other as follows: 1 521619v3 MNI MN190-156 ARTICLE I Definitions Section 1.1. Definitions. In this Agreement, unless a different meaning clearly appears from the context: "AcY' means the Economic Development Authority Act, Minnesota Statutes, Sections 469.090 to 469.1081, as amended. "Affiliate" means with respect to any entity (a) any corporation, partnership, liinited liability company or other business entity or person controlling, controlled by or under common control with the entity, and (b) any successor to such party by merger, acquisition, reorganization or similar transaction involving all or substantially all of the assets of such party (or such Affiliate). For the purpose hereof the words "controlling", "controlled by" and "under common control with" shall mean, with respect to any corporation, partnership, limited liability company or other business entity, the ownership of fifty percent or more of the voting interests in such entity or possession, directly or indirectly, of the power to direct or cause the direction of management policies of such entity, whether through ownership of voting securities or by contract or otherwise. "Agreement" means this Agreement, as the same may be from time to time modified, amended, or supplemented. "Authority" means the City of Monticello Economic Development Authority, or any successor or assign. "Authority Representative" means the Executive Director of the Authority, or any person designated by the Executive Director to act as the Authority Representative for the purposes of this Agreement. "Authorizing Resolution" means the resolution of the Authority, substantially in the fonn of attached Schedule B to be adopted by the Authority to authorize the issuance of the Note. "Available Tax Increment" means, on each Payment Date, 90 percent of the Tax Increment attributable to the Redevelopment Property and paid to the Authority by Wright County in the six months preceding the Payment Date. `Business Day" means any day except a Saturday, Sunday, legal holiday, a day on which the City is closed for business, or a day on which banking institutions in the City are authorized by law or executive order to close. "Certificate of Completion" means the certification provided to the Redeveloper, or the purchaser of any part, parcel or unit of the Redevelopment Property, pursuant to Section 4.4 of this Agreement. 2 521619v3 MNI MN190-156 "City" means the City of Monticello, Minnesota. "Construction Plans" means the plans, specifications, drawings and related documents on the construction work to be performed by the Redeveloper on the Redevelopment Property which a) shall be as detailed as the plans, specifications, drawings and related documents which are submitted to the appropriate building officials of the City, and (b) shall include at least the following for each building: (1) site plan; (2) foundation plan; (3) basement plans; (4) floor plan for each floor; (5) cross sections of each (length and width); (6) elevations (all sides); (7) landscape plan; and (8) such other plans or supplements to the foregoing plans as the Authority may reasonably request to allow it to ascertain the nature and quality of the proposed construction work. "County" means the County of Wright, Minnesota. "Event of Default" means an action by the Redeveloper listed in Article IX of this Agreement. "Holder" means the owner of a Mortgage. "HRA Act" means the Housing and Redevelopment Authority Act, Minnesota Statutes, Sections 469.001 to 469.047, as amended. "Minimum Improvements" means the construction by the Redeveloper on the Redevelopment Property of a multifamily rental housing facility, consisting of approximately 47 rental units, and associated structured underground and surface parking. "Mortgage" means any mortgage made by the Redeveloper which is secured, in whole or in part, with the Redevelopment Property and which is a permitted encumbrance pursuant to the provisions of Article VII of this Agreement. "Note" means the Tax Increment Revenue Note, substantially in the form contained in the Authorizing Resolution, to be delivered by the Authority to the Redeveloper in accordance with Section 3.3 hereof. "Payment Date" means August 1 of the year following substantial completion of the Minimum Improvements and each February 1 and August 1 thereafter pursuant to the terms of the Note. "Public Redevelopment Costs" has the meaning provided in Section 3.3(a) hereof. "Redeveloper" means Rivertown Residential Suites, LLC or its permitted successors and assigns. "Redevelopment Plan" means the Authority's Redevelopment Plan for the Redevelopment Project, as amended. 3 521619v3 MNI MN190-156 No. 1. "Redevelopment Project" means the Authority's Central Monticello Redevelopment Project "Redevelopment Property" has the meaning provided in Section 3.1 hereof. "State" means the State of Minnesota. "Tax Increment" means that portion of the real property taxes which is paid with respect to the Redevelopment Property and which is remitted to the Authority as tax increment pursuant to the Tax Increment Act. The term Tax Increment does not include any amounts retained by or payable to the State auditor under Section 469.177, subd. 11 of the Tax Increment Act. "Tax Increment Act" or "TIF Act" means the Tax Increment Financing Act, Minnesota Statutes, Sections 469.174 to 469.1794, as amended. "Tax Increment District" or "TIF District" means the Authority's Increment Financing District No. 1-40 (Briggs Multifamily Housing). "Tax Increment Plan" or "TIF Plan" means the Authority's Tax Increment Financing Plan for Tax Increment Financing District No. 1-40 (Briggs Multifamily Housing), as approved by the City on June 26, 2018, and as it may be amended. "Tax Official" means any County assessor; County auditor; County or State board of equalization, the commissioner of revenue of the State, or any State or federal district court, the tax court of the State, or the State Supreme Court. "Termination Date" means the earlier of the following: (a) the date when the Note has been fully paid, defeased or terminated in accordance with its terms; or (b) the date of termination of the Note and this Agreement by the Authority due to an Event of Default as set forth in Section 9.2 hereof. "Transfer" has the meaning set forth in Section 8.2(a) hereof. "Unavoidable Delays" means delays beyond the reasonable control of the party seeking to be excused as a result thereof which are the direct result of war, terrorism, strikes, other labor troubles, fire or other casualty to the Minimum Improvements, litigation commenced by third parties which, by injunction or other similar judicial action, directly results in delays, or acts of any federal, state or local governmental unit (other than the Authority in exercising its rights under this Agreement) which directly result in delays. Unavoidable Delays shall not include delays directly caused by actions or inaction of the Redeveloper in obtaining permits ar governmental approvals necessary to enable construction of the Minimum Improvements by the dates such construction is required under Section 4.3 of this Agreement. 4 521619v3 MNI MN190-156 ARTICLE II Renresentations and Warranties Section 2.1. Representations by the Authoritv. The Authority makes the following representations as the basis for the undertaking on its part herein contained: (a) The Authority is an economic development authority duly organized and existing under the laws of the State. Under the provisions of the Act, the Authority has the power to enter into this Agreement and carry out its obligations hereunder. (b) The activities of the Authority are undertaken to foster the redevelopment of certain real property which for a variety of reasons is presently underutilized, to create increased tax base in the City, to increase affordable housing opportunities in the City, and to stimulate further development of the TIF District and Redevelopment Project as a whole. Section 2.2. Representations and Warranties bv the Redeveloper. The Redeveloper represents and warrants that: (a) The Redeveloper is a limited liability company duly organized and in good standing under the laws of the State of Minnesota, is not in violation of any provisions of its organizational documents or the laws of the State, is duly authorized to transact business within the State, has power to enter into this Agreement and has duly authorized the execution, delivery and performance of this Agreement by proper action of its governing members. (b) After acquisition of the Redevelopment Property and on or prior to the dates specified in Section 4.3 hereof, the Redeveloper will commence and complete construction of, and operate and maintain the Minimum Improvements in accordance with the terms of this Agreement, the Redevelopment Plan and all applicable local, state and federal laws and regulations (including, but not limited to, environmental, zoning, building code and public health laws and regulations). (c) The Redeveloper has received no notice or communication from any local, state or federal official that the activities of the Redeveloper or the Authority in the Redevelopment Project may be or will be in violation of any environmental law or regulation (other than those notices or communications of which the Authority is aware). The Redeveloper is aware of no facts the existence of which would cause it to be in violation of or give any person a valid claim under any local, state or federal environmental law, regulation or review procedure. (d) The Redeveloper will obtain, in a timely manner, all required permits, licenses and approvals, and will meet, in a timely manner, all requirements of all applicable local, state and federal laws and regulations which must be obtained or met before the Minimum Improvements may be lawfully constructed. (e) Neither the execution and delivery of this Agreement, the consummation of the transactions contemplated hereby, nor the fulfillment of or compliance with the terms and 5 521619v3 MNI MN190-156 conditions of this Agreement is prevented, limited by or conflicts with or results in a breach of, the terms, conditions or provisions of any corparate restriction or any evidences of indebtedness, agreement or instrument of whatever nature to which the Redeveloper is now a party or by which it is bound, or constitutes a default under any of the foregoing. ( fl Whenever any Event of Default occurs and if the Authority shall employ attorneys or incur other expenses for the collection of payments due or to become due or for the enforcement of performance or observance of any obligation or agreement on the part of the Redeveloper under this Agreement, and the Authority prevails in such action, the Redeveloper agrees that it shall, within ten days of written demand by the Authority, pay to the Authority the reasonable fees of such attorneys and such other expenses so incurred by the Authority. (g) The proposed development by the Redeveloper hereunder would not occur but for the tax increment financing assistance being provided by the Authority hereunder. (h) The Redeveloper is not currently in default under any business subsidy agreement with any grantor, as such terms are defined in the Business Subsidy Act. (The remainder of this page is intentionally left blank.) 6 521619v3 MNI MN190-156 ARTICLE III Propertv Acquisition, Conveyance; Public Redevelopment Costs Section 3.1. Status of the Redevelopment Property. (a) As of the date of this Ageement, the Redeveloper has entered into a purchase agreement with a third party for the purchase of the Redevelopment Property. If all contingencies in the purchase agreement are satisfied, the Redeveloper will acquire the Redevelopment Property on or before July 12, 2018. The Authority has no obligation to acquire any portion of the Redevelopment Property. Section 3.2. Environmental Conditions. (a) The Redeveloper acknowledges that the Authority makes no representations or warranties as to the condition of the soils on the Redevelopment Property or the fitness of the Redevelopment Property for construction of the Minimum Improvements or any other purpose for which the Redeveloper may make use of such property, and that the assistance provided to the Redeveloper under this Agreement neither implies any responsibility by the Authority or the City for any contamination of the Redevelopment Property or poor soil conditions nor imposes any obligation on such parties to participate in any cleanup of the Redevelopment Property or correction of any soil problems (other than the financing described in this agreement). (b) Without limiting its obligations under Section 8.3 of this Agreement the Redeveloper further agrees that it will indemnify, defend, and hold harmless the Authority, the City, and their governing body members, officers, and employees, from any claims or actions arising out of the presence, if any, of hazardous wastes or pollutants existing on or in the Redevelopment Property, unless and to the extent that such hazardous wastes or pollutants are present as a result of the actions or omissions of the indemnitees. Nothing in this section will be construed to limit or affect any limitations on liability of the City or Authority under State or federal law, including without limitation Minnesota Statutes Sections 466.04 and 604.02. Section 3.3. Public Redevelopment Costs; Issuance of Note. (a) Generally. If the Redeveloper acquires the Redevelopment Property, in order to make construction of the Minimum Improvements financially feasible, the Authority will reimburse the Redeveloper for a portion of the Public Redevelopment Costs incurred by the Redeveloper in accordance with this section. The term "Public Redevelopment Costs" means costs of acquisition of the Redevelopment Property, and costs of site preparation, public improvements including without limitation street parking and sidewalk improvements, costs of construction of the affordable housing units of the Minimum Improvements, and structured parking on the Redevelopment Property (to the extent such structured parking costs exceed the amounts paid by the Authority under Section 3.4 hereo�. (b) Terms. To reimburse the Public Redevelopment Costs incurred by Redeveloper, the Authority shall issue and the Redeveloper shall purchase the Note in the maximum principal amount of $785,000. The Authority shall issue and deliver the Note upon compliance by the Redeveloper with the following conditions: 7 521619v3 MNI MN190-156 (i) delivered to the Authority one or more certificates signed by the Redeveloper's duly authorized representative, containing the following: (i) a statement that each cost identified in the certificate is a Public Redevelopment Cost as defined in this Agreement and that no part of such cost has been included in any previous certification; (ii) evidence that each identified Public Redevelopment Cost has been paid or incurred by or on behalf of the Redeveloper; and (iii) a statement that no uncured Event of Default by the Redeveloper has occurred and is continuing under the Agreement. The Authority may, if not satisfied that the conditions described herein have been met, return any certificate with a statement of the reasons why it is not acceptable and requesting such further documentation or clarification as the Authority may reasonably require; (ii) submitted and obtained Authority approval of financing in accordance with Section 7.1; and (iii) delivered to the Authority an investment letter in a form reasonably satisfactory to the Authority. The terms of the Note will be substantially those set forth in the form of the Note shown in Schedule B, and the Note will be subject to all terms of the Authorizing Resolution, which is incorporated herein by reference. (c) Termination of right to Note. All conditions for delivery of the Note must be met by no later than the date which is less than five (5) years after the date of certification of the TIF District by the County and complies with the so-called five-year rule under Section 469.1763, subd. 3(c) of the TIF Act. If the conditions for delivery of the Note are not satisfied by the date described in this paragraph, the Authority has no further obligations under this Section 3.3. (d) Assignment of Note. The Authority acknowledges that the Redeveloper may assign the Note to a third party. The Authority consents to such an assignment, conditioned upon receipt of an investment letter from such third party in a form reasonably acceptable to the Authority, and will reasonably execute any document evidencing such assignment within 30 days after receipt and review by Authority's legal counsel. (e) Qualifzcations. The Redeveloper understands and acknowledges that all Public Redevelopment Costs must be paid by the Redeveloper and will be reimbursed from Available Tax Increment pursuant to the terms of the Note. The Authority makes no representations or warranties regarding the amount of Tax Increment, or that revenues pledged to the Note will be sufficient to pay the principal and interest on the Note. Any estimates of Tax Increment prepared by the Authority or its financial advisors in connection with the TIF District or this Agreement are for the benefit of the Authority, and are not intended as representations on which the Redeveloper may rely. Public Redevelopment Costs exceeding the principal amount of the Note are the sole responsibility of Redeveloper. Section 3.4. Other Assistance. In addition to the reimbursement of a portion of Redeveloper's Public Redevelopment Costs through issuance of the Note, the Authority will pay a 8 521619v3 MNI MN190-156 portion of the costs of excavation and materials necessary to construct the structured parking required in connection with construction of the Minimum Improvements (the "Authority GranY'), pursuant to and in conformity with the Authority's Policy Statements for Management of Available Tax Increment Financing Funds, adopted by the Authority on January 10, 2018. The Authority Grant shall be in the amount of $400,000. The Authority shall disburse the Authority Grant to the Redeveloper within twenty (20) days after receipt by the Authority of evidence submitted by the Redeveloper of structured parking expenditures paid or incurred by the Redeveloper, in at least the amount of the Authority Grant. Section 3.5. Pavment of Administrative Costs. The Authority acknowledges that Redeveloper has deposited with the Authority $10,000. The Authority will use such deposit to pay "Administrative Costs," which term means out of pocket costs incurred by the Authority together with staff costs of the Authority, all attributable to or incurred in connection with the negotiation and preparation of this Agreement, the TIF Plan, and other documents and agreements in connection with the development of the Redevelopment Property. At Redeveloper's request, but no more often than monthly, the Authority will provide Redeveloper with a written report including invoices, time sheets or other comparable evidence of expenditures for Administrative Costs and the outstanding balance of funds deposited. If at any time the Authority determines that the deposit is insufficient to pay Administrative Costs, the Redeveloper is obligated to pay such shortfall within twenty (20) days after receipt of a written notice from the Authority containing evidence of the unpaid costs. If any balance of funds deposited remains upon issuance of the Certificate of Completion pursuant to Section 4.4 of this Agreement, the Authority shall promptly return such balance to Redeveloper; provided that Redeveloper remains obligated to pay subsequent Administrative Costs related to any amendments to this Agreement requested by Redeveloper. Upon termination of this Agreement in accordance with its terms, the Redeveloper remains obligated under this section for Administrative Costs incurred through the effective date of termination. Section 3.6. No Business Subsidv. The parties agree and understand that the primary purpose of any financial assistance to the Redeveloper under this Ageement is to facilitate development of housing and is therefore not a"business subsidy" within the meaning of Minnesota Statutes, Sections 116J.993 to 116J.995. The Redeveloper releases and waives any claim against the Authority and its governing body members, officers, agents, servants and employees thereof arising from application of the Business Subsidy Act to this Agreement, including without limitation any claim that the Authority failed to comply with the Business Subsidy Act with respect to this Agreement. (The remainder of this page is intentionally left blank.) 9 521619v3 MNI MN190-156 ARTICLE IV Construction of Minimum Improvements and Public Improvements Section 4.1. Construction of Minimum Improvements. The Redeveloper agrees that, after acquisition of the Redevelopment Property, and on or prior to the dates provided in Section 4.3 hereof, it will commence and complete construction of the Minimum Improvements on the Redevelopment Property, in accordance with approved Construction Plans and at all times while Redeveloper owns the Redevelopment Property, will operate and maintain, preserve and keep the respective components of the Minimum Improvements or cause such components be maintained, preserved and kept with the appurtenances and every part and parcel thereof, in good repair and condition. Section 4.2. Construction Plans. (a) Before commencing construction of the Minimum Improvements, the Redeveloper shall submit to the Authority Construction Plans. The Construction Plans shall provide for the construction of the Minimum Improvements and shall be in conformity with the TIF Plan, Redevelopment Plan, this Agreement, and all applicable State and local laws and regulations. The Authority Representative wi11 approve the Construction P1ans in writing i£ (i) the Construction Plans conform to the terms and conditions of this Agreement; (ii) the Construction Plans conform to the goals and objectives of the Redevelopment Plan; (iii) the Construction Plans conform to all applicable federal, state and local laws, ordinances, rules and regulations; (iv) the Construction Plans are adequate to provide for construction of the Minimum Improvements; (v) the funds available to the Redeveloper from all sources for construction of the Minimum Improvements are adequate to construct the project described in the Construction Plans; and (vi) no Event of Default has occurred. No approval by the Authority Representative shall relieve the Redeveloper of the obligation to comply with the terms of this Agreement or of the Development Plan, applicable federal, state and local laws, ordinances, rules and regulations, or to construct the Minimum Improvements in accordance therewith. No approval by the Authority Representative shall constitute a waiver of an Event of Default. If approval of the Construction Plans is requested by the Redeveloper in writing at the time of submission, such Construction Plans shall be deemed approved unless rejected in writing by the Authority Representative, in whole or in part. Such rejections shall set forth in detail the reasons therefor, and shall be made within 20 days after the date of their receipt by the Authority. If the Authority Representative rejects any Construction Plans in whole or in part, the Redeveloper shall submit new or corrected Construction Plans within 20 days after written notification to the Redeveloper of the rejection. The provisions of this Section relating to approval, rejection and resubmission of corrected Construction Plans shall continue to apply until the Construction Plans have been approved by the Authority. The Authority Representative's approval shall not be unreasonably withheld, delayed or conditioned. Said approval shall constitute a conclusive determination that the Construction Plans (and the Minimum Improvements constructed in accordance with said plans) comply to the Authority's satisfaction with the provisions of this Agreement relating thereto. The Redeveloper hereby waives any and all claims and causes of action whatsoever resulting from the review of the Construction Plans by the Authority and/or any changes in the Construction Plans requested by the Authority that comply with applicable codes and laws. Neither 10 521619v3 MNI MN190-156 the Authority, the City, nor any employee or official of the Authority or City shall be responsible in any manner whatsoever for any defect in the Construction Plans or in any work done pursuant to the Construction Plans, including changes requested by the Authority, if such changes comply with applicable codes and laws. (b) If the Redeveloper desires to make any material change in the Construction Plans or any component thereof after their approval by the Authority, the Redeveloper shall submit the proposed change to the Authority for its approval. For the purpose of this section, the term "material" means changes that increase or decrease construction costs by $500,000 or more. If the Construction Plans, as modified by the proposed change, conform to the requirements of this Section 4.2 of this Ageement with respect to such previously approved Construction Plans, the Authority shall approve the proposed change and notify the Redeveloper in writing of its approval. Such change in the Construction Plans shall, in any event, be deemed approved by the Authority unless rejected, in whole or in part, by written notice by the Authority to the Redeveloper, setting forth in detail the reasons therefor. Such rejection shall be made within ten (10) days after receipt of the notice of such change. The Authority's approval of any such change in the Construction Plans will not be unreasonably withheld. Section 4.3. Completion of Construction. Subject to Unavoidable Delays, the Redeveloper must commence construction of the Minimum Improvements by June l, 2019, and substantially complete construction of the Minimum Improvements by June 1, 2020. All work with respect to the Minimum Improvements to be constructed or provided by the Redeveloper on the Redevelopment Property shall be in substantial confonnity with the Construction Plans as submitted by the Redeveloper and approved by the Authority. The Redeveloper agrees for itself, its successors and assigns, and every successor in interest to the Redevelopment Property, or any part thereof, that the Redeveloper, and such successors and assigns, shall promptly begin and diligently prosecute to completion the redevelopment of the Redevelopment Property through the construction of the Minimum Improvements thereon, and that such construction shall in any event be commenced and completed within the period specified in this Section 4.3 of this Agreement. Subsequent to execution of this Agreement and until construction of the Minimum Improvements has been completed, the Redeveloper shall make reports, in such detail and at such times as may reasonably be requested by the Authority, as to the actual progress of the Redeveloper with respect to such construction. Section 4.4. Certificate of Completion. (a) Promptly after substantial completion of the Minimum Improvements in accordance with those provisions of the Agreement relating solely to the obligations of the Redeveloper to construct the Minimum Improvements (including the date for completion thereof j, the Authority will furnish the Redeveloper with a Certificate of Completion in substantially the form attached as Schedule C. Such certification by the Authority shall be a conclusive determination of satisfaction and termination of the agreements and covenants in the Agreement with respect to the obligations of the Redeveloper, and its successors and assigns, to construct the Minimum Improvements and the date for the completion thereof. Such certification and such determination shall not constitute evidence of compliance with or satisfaction of any obligation of the Redeveloper to any Holder of a Mortgage, or any insurer of a Mortgage, securing money loaned to finance the Minimum Improvements, or any part thereof. 11 521619v3 MNI MN190-156 (b) The Certificate of Completion provided for in this Section 4.4 of this Agreement shall be in such form as will enable it to be recorded in the proper office for the recordation of deeds and other instruments pertaining to the Redevelopment Property. If the Authority shall refuse or fail to provide any certification in accordance with the provisions of this Section 4.4 of this Agreement, the Authority shall, within thirty (30) days after written request by the Redeveloper, provide the Redeveloper with a written statement, indicating in adequate detail in what respects the Redeveloper has failed to complete the Minimum Improvements in accordance with the provisions of the Agreement, or is otherwise in default, and what measures or acts it will be necessary, in the opinion of the Authority, for the Redeveloper to take or perform in order to obtain such certification. (c) The construction of the Minimum Improvements shall be deemed to be commenced when foundations are completed (as reasonably determined by the Authority Representative); and shall be deemed to be substantially complete upon issuance of a certificate of occupancy far the Minimum Improvements, and upon determination by the Authority Representative that all related site iinprovements on the Redevelopment Property have been substantially completed in accordance with approved Construction Plans, subject to landscaping and/or public art that cannot be completed until seasonal conditions permit. Section 4.5. Records and Reports. (a) The Authority, through any authorized representatives, shall have the right at all reasonable times after reasonable written notice to inspect, examine and copy all books and records of Redeveloper relating to the Minimum Improvements. Such records shall be kept and maintained by Redeveloper through the Termination Date. (b) The Redeveloper also agrees to submit to the Authority written reports so as to allow the Authority to remain in compliance with reporting requirements under state statutes. The Authority will provide information to the Redeveloper regarding the required forms. Section 4.6. Income Limits. (a) The Authority and the Redeveloper understand and agree that the TIF District will constitute a"housing district" under Section 469.174, subdivision 11 of the TIF Act. The Redeveloper covenants that, for the duration of the TIF District, it will comply with all income requirements for a qualified residential rental project as defined in Section 142(d) of the Internal Revenue Code of 1986, as amended. Specifically, the Redeveloper agrees to reserve at least 20% of the units of the Minimum Improvements for families with incomes at or below 50% of area median income in the County, adjusted for family size. (b) On or before February 2 of each year for the duration of the TIF District, the Redeveloper shall submit evidence in substantially the form in Schedule D, showing that the Minimum Improvements meet the relevant income requirements. The parties agree and understand that the Redeveloper may retain a manager (the "Manager") who will review such evidence and will certify to the Authority that the TIF District remains a housing district under the TIF Act. Redeveloper is responsible for any costs incurred to compensate the Manager (or any successor) for 12 521619v3 MNI MN190-156 such activities. (c) If the Authority receives notice from the Manager, if any, the State department of revenue, the State auditor, any Tax Official or any court of competent jurisdiction that the TIF District does not qualify as a"housing district," such event shall be deemed an Event of Default under this Agreement. In addition to any remedies available to the Authority under Article IX hereof, the Redeveloper shall indemnify, defend and hold harmless the Authority for any damages or costs resulting therefrom. (The remainder of this page is intentionally left blank.) 13 521619v3 MNI MN190-156 ARTICLE V Insurance Section 5.1. Insurance. (a) The Redeveloper will provide and maintain at all times during the process of constructing the Minimum Improvements an All Risk Broad Form Basis Insurance Policy and, from time to time during that period, at the request of the Authority, furnish the Authority with proof of payment of premiums on policies covering the following: (i) Builder's risk insurance, written on the so-called `Builder's Risk -- Coinpleted Value Basis," in an amount equal to 100% of the principal amount of the Note, and with coverage available in nonreporting form on the so-called "all risk" form of policy. The interest of the Authority shall be protected in accordance with a clause in form and content satisfactory to the Authority; (ii) Comprehensive general liability insurance (including operations, contingent liability, operations of subcontractors, completed operations, and contractual liability insurance) together with an Owner's Protective Liability Policy with limits against bodily injury and property damage of not less than $1,000,000 for each occurrence (to accomplish the above-required limits, an umbrella excess liability policy may be used). The Authority shall be listed as an additional insured on the policy; and (iii) Workers' compensation insurance, with statutory coverage, provided that the Redeveloper may be self-insured with respect to all or any part of its liability for workers' compensation. (b) Upon completion of construction of the Minimum Improvements and prior to the Termination Date, the Redeveloper shall maintain, or cause to be maintained, at its cost and expense, and from time to time at the request of the Authority shall furnish proof of the payment of premiums on, insurance as follows: (i) Insurance against loss and/ar damage to the Minimum Improvements under a policy or policies covering such risks as are ordinarily insured against by similar businesses. (ii) Comprehensive general public liability insurance, including personal injury liability (with employee exclusion deleted), against liability for injuries to persons and/or property, in the minimum amount for each occurrence and for each year of $1,000,000, and shall be endorsed to show the City and Authority as additional insureds. (iii) Such other insurance, including workers' compensation insurance respecting all employees of the Redeveloper, in such amount as is customarily carried by like organizations engaged in like activities of comparable size and liability exposure; provided that the Redeveloper may be self-insured with respect to all or any part of its liability for workers' compensation. 14 521619v3 MNI MN190-156 (c) All insurance required in Article V of this Agreement shall be taken out and maintained in responsible insurance companies selected by the Redeveloper that are authorized under the laws of the State to assume the risks covered thereby. Upon request, the Redeveloper will deposit annually with the Authority policies evidencing all such insurance, or a certificate or certificates or binders of the respective insurers stating that such insurance is in force and effect. Unless otherwise provided in this Article V of this Agreement each policy shall contain a provision that the insurer shall not cancel nor modify it in such a way as to reduce the coverage provided below the amounts required herein without giving written notice to the Redeveloper and the Authority at least thirty (30) days before the cancellation or modification becomes effective. In lieu of separate policies, the Redeveloper may maintain a single policy, blanket or umbrella policies, or a combination thereof, having the coverage required herein, in which event the Redeveloper shall deposit with the Authority a certificate or certificates of the respective insurers as to the amount of coverage in force upon the Minimum Improvements. (d) The Redeveloper agrees to notify the Authority immediately in the case of damage exceeding $250,000 in amount to, or destruction of, the Minimum Improvements or any portion thereof resulting from fire or other casualty. In such event the Redeveloper will forthwith repair, reconstruct, and restore the Minimum Improvements to substantially the same or an improved condition or value as it existed prior to the event causing such damage and, to the extent necessary to accomplish such repair, reconstruction, and restoration, the Redeveloper will apply the net proceeds of any insurance relating to such damage received by the Redeveloper to the payment or reimbursement of the costs thereof. The Redeveloper shall complete the repair, reconstruction and restoration of the Minimum Improvements, regardless of whether the net proceeds of insurance received by the Redeveloper for such purposes are sufficient to pay for the same. Any net proceeds remaining after completion of such repairs, construction, and restoration shall be the property of the Redeveloper. (e) In lieu of its obligation to reconstruct the Minimum Improvements as set forth in this Section, the Redeveloper shall have the option of: (i) paying to the Authority an amount that, in the opinion of the Authority and its fiscal consultant, is sufficient to pay or redeem the outstanding principal and accrued interest on the Note, ar(ii) so long as the Redeveloper is the owner of the Note, waiving its right to receive subsequent payments under the Note. (� The Redeveloper and the Authority agree that all of the insurance provisions set forth in this Article V shall terminate upon the termination of this Agreement. Section 5.2. Subordination. Notwithstanding anything to the contrary herein, the rights of the Authority with respect to the receipt and application of any insurance proceeds shall, in all respects, be subordinate and subject to the rights of any Holder under a Mortgage allowed pursuant to Article VII of this Agreement. 15 521619v3 MNI MN190-156 ARTICLE VI Tax Increment; Taxes Section 6.1. Right to Collect Delinquent Taxes. The Redeveloper acknowledges that the Authority is providing substantial aid and assistance in furtherance of the redevelopment described in this Agreement, through reimbursement of the Public Redevelopment Costs. The Redeveloper understands that the Tax Increment pledged to payment of the Public Redevelopment Costs is derived from real estate taxes on the Minimum Improvements, which taxes must be promptly and timely paid. To that end, the Redeveloper agrees for itself, its successors and assigns, that in addition to the obligation pursuant to statute to pay real estate taxes, it is also obligated by reason of this Agreement to pay before delinquency all real estate taxes assessed against the Redevelopment Property and the Minimum Improvements. The Redeveloper acknowledges that this obligation creates a contractual right on behalf of the Authority through the Termination Date to sue the Redeveloper or its successors and assigns to collect delinquent real estate taxes and any penalty or interest thereon and to pay over the same as a tax pa}nnent to the county auditar. In any such suit, the Authority shall also be entitled to recover its costs, expenses and reasonable attorney fees. Section 6.2. Review of Taxes. The Redeveloper agrees that prior to the Termination Date, it will not cause a reduction in the real property taxes paid in respect of the Redevelopment Property through: (A) willful destruction of the Redevelopment Property or any part thereof; or (B) willful refusal to reconstruct damaged or destroyed property pursuant to Section 5.1 of this Agreement. The Redeveloper also agrees that it will not, prior to the Termination Date, apply for a deferral of property tax on the Redevelopment Property pursuant to any law, or transfer or permit transfer of the Redevelopment Property to any entity whose ownership or operation of the property would result in the Redevelopment Property being exempt from real estate taxes under State law (other than any portion thereof dedicated or conveyed to the City or Authority in accordance with this Agreement). (The remainder of this page is intentionally left blank.) 16 521619v3 MNI MN190-156 ARTICLE VII Financing Section 7.1. Generallv. (a) Before commencement of construction of the Minimum Improvements, the Redeveloper shall submit to the Authority or provide access thereto for review by Authority staff, consultants and agents, evidence reasonably satisfactory to the Authority that Redeveloper has available funds, or commitments to obtain funds, whether in the nature of mortgage financing, equity, gants, loans, or other sources sufficient to construct the Minimum Improvements, provided that any lender or grantor commitments shall be subject only to such conditions as are normal and custoinary in the commercial lending industry. (b) If the Authority finds that the financing is sufficiently committed and adequate in amount to pay the costs specified in paragraph (a) then the Authority shall notify the Redeveloper in writing of its approval. Such approval shall not be unreasonably withheld and either approval or rejection shall be given within twenty (20) days from the date when the Authority is provided the evidence of financing. A failure by the Authority to respond to such evidence of financing shall be deemed to constitute an approval hereunder. If the Authority rejects the evidence of financing as inadequate, it shall do so in writing specifying the basis for the rejection. In any event the Redeveloper shall submit adequate evidence of financing within ten (10) days after such rejection. Section 7.2. Authority's Option to Cure Default on Mort�a�e. In the event that there occurs a default under any Mortgage authorized pursuant to Section 7.1 of this Agreement, to the extent the Redeveloper is aware of such default, the Redeveloper shall cause the Authority to receive copies of any notice of default received by the Redeveloper from the holder of such Mortgage. Thereafter, the Authority shall have the right, but not the obligation, to cure any such default on behalf of the Redeveloper within such cure periods as are available to the Redeveloper under the Mortgage documents, if negotiated and permitted by the Holder. In the event there is an event of default under this Ageement, the Authority wi11 transmit to the Holder of any Mortgage and to the Redeveloper's Tax Credit Investor (as hereinafter defined) a copy of any notice of default given by the Authority pursuant to Article IX of this Agreement. Section 7.3. Modification; Subordination. In order to facilitate the securing of other financing, the Authority agrees to subordinate its rights under this Agreement provided that such subordination shall be subject to such reasonable terms and conditions as the Authority and Holder mutually agree in writing. Notwithstanding anything to the contrary herein, any subordination agreement must include the provision described in Section 7.2. 17 521619v3 MNI MN190-156 ARTICLE VIII Prohibitions Against Assignment and Transfer; Indemnification Section 8.1. Representation as to Redevelopment. The Redeveloper represents and agrees that its purchase of the Redevelopment Property, and its other undertakings pursuant to the Agreement, are, and will be used, for the purpose of redevelopment of the Redevelopment Property and not for speculation in land holding. Section 8.2. Prohibition Against Redevel�er's Transfer of Property and Assignment of Agreement. The Redeveloper represents and agrees that until the issuance of the Certificate of Completion for the Minimum Improvements: (a) Except as specifically described in this Agreement, the Redeveloper has not made or created and will not make or create or suffer to be made or created any total or partial sale, assi�mment, conveyance, or lease, or any trust or power, or transfer in any other mode or form of or with respect to this Agreement or the Redevelopment Property or any part thereof or any interest therein, or any contract or agreement to do any of the same, to any person or entity (collectively, a "Transfer"), without the prior written approval of the Authority's board of commissioners. The term "Transfer" does not include (i) encumbrances made or granted by way of security for, and only for, the purpose of obtaining construction, interim or permanent financing necessary to enable the Redeveloper or any successor in interest to the Redevelopment Property or to construct the Minimum Improvements or component thereof; (ii) any lease, license, easement or similar arrangement entered into in the ordinary course of business related to operation of the Minimum Improvements; (iii) admitting or removing limited partners or transferring direct or indirect limited partner interests or interest in the general partner of Redeveloper or admitting or removing members of any of Redeveloper's partners in accordance with the applicable organizational documents, or (iv) removing the general partner of Redeveloper for cause at the direction of its limited partner(s) (whether one or more, the "Tax Credit Investor") in accordance with Redeveloper's partnership agreement. (b) If the Redeveloper seeks to effect a Transfer requiring the approval of the Authority prior to issuance of the Certificate of Completion, the Authority shall be entitled to require as conditions to such Transfer that: (1) any proposed transferee shall have the qualifications and financial responsibility, in the reasonable judgment of the Authority, necessary and adequate to fulfill the obligations undertaken in this Agreement by the Redeveloper as to the portion of the Redevelopment Property to be transferred; and (2) Any proposed transferee, by instrument in writing satisfactory to the Authority and in form recordable in the public land records of Wright County, Minnesota, shall, for itself and its successors and assigns, and expressly for the benefit of the Authority, 18 521619v3 MNI MN]90-156 have expressly assumed all of the obligations of the Redeveloper under this Agreement as to the portion of the Redevelopment Property to be transferred and agreed to be subject to all the conditions and restrictions to which the Redeveloper is subject as to such portion; provided, however, that the fact that any transferee of, or any other successor in interest whatsoever to, the Redevelopment Property, or any part thereof, shall not, for whatever reason, have assumed such obligations or so agreed, and shall not (unless and only to the extent otherwise specifically provided in this Agreement or agreed to in writing by the Authority) deprive the Authority of any rights or remedies or controls with respect to the Redevelopment Property, the Minimum Improvements or any part thereof or the construction of the Minimum Improvements; it being the intent of the parties as expressed in this Agreement that (to the fullest extent permitted at law and in equity and excepting only in the manner and to the extent specifically provided otherwise in this Agreement) no transfer of, or change with respect to, ownership in the Redevelopment Property or any part thereof, or any interest therein, however consummated or occurring, and whether voluntary or involuntary, shall operate, legally, or practically, to deprive or limit the Authority of or with respect to any rights or remedies on controls provided in or resulting from this Agreement with respect to the Redevelopment Property that the Authority would have had, had there been no such transfer or change. In the absence of specific written agreement by the Authority to the contrary, no such transfer or approval by the Authority thereof shall be deemed to relieve the Redeveloper, or any other party bound in any way by this Agreement or otherwise with respect to the Redevelopment Property, from any of its obligations with respect thereto. (3) Any and a11 instruments and other legal documents involved in effecting the transfer of any interest in this Agreement or the Redevelopinent Property governed by this Article V1II, shall be in a form reasonably satisfactory to the Authority. (c) If the conditions described in paragaph (b) are satisfied then the Transfer will be approved and the Redeveloper shall be released from its obligation under this Agreement, as to the portion of the Redevelopment Property that is transferred, assigned, or otherwise conveyed. The provisions of this paragraph (c) apply to all subsequent transferors, assuming compliance with the terms of this Article. (d) Upon issuance of the Certificate of Completion, the Redeveloper may transfer or assign the Minimum Improvements and/or the Redeveloper's rights and obligations under this Agreement with respect to such property without the prior written consent of the Authority; provided that: (i) until the Termination Date the transferee or assignee is bound by all the Redeveloper's obligations hereunder with respect to the property and rights transferred. The Redeveloper shall submit to the Authority written evidence of any such transfer or assignment, including the transferee or assignee's express assumption of the Redeveloper's obligations under this Agreement. If the Redeveloper fails to provide such evidence of transfer and assumption, the Redeveloper shall remain bound by all obligations with respect to the subject property under this Agreement; and 19 521619v3 MNI MN190-156 (ii) upon compliance with clause (d)(i) above (whether the transfer occurred before or after issuance of the Certificate of Completion), the Redeveloper shall be released from its obligations under this Ageement with respect to the property transferred. The provisions of this paragraph (d) apply to all subsequent transferors, assuming compliance with the terms of this Article. Section 8.3. Release and Indemnification Covenants. (a) The Redeveloper releases from and covenants and agrees that the Authority and the governing body members, officers, agents, servants and employees thereof (the "Indemnified Parties") shall not be liable for and agrees to indemnify and hold harmless the Indemnified Parties against any loss or damage to property or any injury to or death of any person occurring at or about or resulting from any defect in the Minimum Improvements. (b) Except for any willful or negligent misrepresentation or any willful or wanton misconduct or negligence of the Indemnified Parties, the Redeveloper agrees to protect and defend the Indemnified Parties, now or forever, and further agrees to hold the Indemnified Parties harmless from any claim, demand, suit, action or other proceeding whatsoever by any person or entity whatsoever arising or purportedly arising from this Agreement, or the transactions contemplated hereby or the acquisition, construction, installation, ownership, and operation of the Minimum Improvements. (c) Except for any negligence of the Indemnified Parties (as defined in clause (b) above), and except for any breach by any of the Indemnified Parties of their obligations under this Agreement, the Indemnified Parties shall not be liable for any damage or injury to the persons or property of the Redeveloper or its officers, agents, servants or employees or any other person who may be about the Minimum Improvements due to any act of negligence of any person. (d) All covenants, stipulations, promises, agreements and obligations of the Authority contained herein shall be deemed to be the covenants, stipulations, promises, agreements and obligations of the Authority and not of any governing body member, officer, agent, servant or employee of the Authority in the individual capacity thereof. 20 521619v3 MNI MN 190-156 ARTICLE IX Events of Default Section 9.1. Events of Default Defined. The following shall be "Events of Default" under this Agreement and the term "Event of Default" shall mean, whenever it is used in this Agreement, any one or more of the following events, after the non-defaulting party provides 30 days written notice to the defaulting party of the event, but only if the event has not been cured within said 30 days or, if the event is by its nature incurable within 30 days, the defaulting party does not, within such 30-day period, provide assurances reasonably satisfactory to the party providing notice of default that the event will be cured and will be cured as soon as reasonably possible: (a) Failure by the Redeveloper or the Authority to observe or perform any material covenant, condition, obligation, or agreement on its part to be observed or performed under this Agreement; or (b) The Redeveloper: (i) files any petition in bankruptcy or for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under the United States Bankruptcy Act or under any similar federal or State law; or (ii) makes an assignment for benefit of its creditors; (iii) admits in writing its inability to pay its debts generally as they become due; (iv) is adjudicated a bankrupt or insolvent. Section 9.2. Remedies on Default. Whenever any Event of Default referred to in Section 9.1 of this Agreement occurs, the non-defaulting party may: (a) Suspend its performance under this Agreement until it receives assurances that the defaulting party will cure its Event of Default and continue its performance under the Agreement. (b) Upon an Event of Default by the Redeveloper under this Agreement, the Authority may terminate the Note and this Agreement. (c) Take whatever action, including le�al, equitable, or administrative action, which may appear necessary or desirable to collect any payments due under this Agreement, or to enforce performance and observance of any obligation, agreement, or covenant under this Agreement, provided that nothing contained herein shall give the Authority the right to seek specific performance by Redeveloper of the construction of the Minimum Improvements. Section 9.3. No Remedy Exclusive. No remedy herein conferred upon or reserved to the Authority or Redeveloper is intended to be exclusive of any other available remedy or remedies, 21 521619v3 MNI MN190-156 but each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Agreement or now or hereafter existing at law or in equity or by statute. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof, but any such right and power may be exercised from time to time and as often as may be deemed expedient. In order to entitle the Authority to exercise any remedy reserved to it, it shall not be necessary to give notice, other than such notice as may be required in this Article IX. Section 9.4. No Additional Waiver Implied by One Waiver. In the event any agreement contained in this Agreement should be breached by either party and thereafter waived by the other party, such waiver shall be limited to the particular breach so waived and shall not be deemed to waive any other concurrent, previous or subsequent breach hereunder. Section 9.5. Attornev Fees. Whenever any Event of Default occurs (as determined by a final court or administrative order or Redeveloper admissions) and if the Authority shall employ attorneys or incur other expenses for the collection of payments due or to become due or for the enforcement of performance or observance of any obligation or agreement on the part of the Redeveloper under this Agreement, the Redeveloper agrees that it shall, within 10 days of written demand by the Authority, pay to the Authority the reasonable fees of such attorneys and such other expenses so incurred by the Authority. Section 9.6 Redeveloper's Remedies on Default. If the Authority fails to make a payment when due in accordance with the terms of Sections 3.3 and 6.3(c) of this Agreement, Redeveloper may, after providing 30 days' written notice to the Authority of the Event of Default, as applicable, suspend or terminate its performance under this Ageement, permit Redeveloper to suspend or terminate its performance under this Agreement and/or take whatever action at law or in equity may appear necessary or desirable to Redeveloper to enforce performance of an outstanding payment obligation of the Authority under this Agreement. If Redeveloper terminates its obligations hereunder, this Agreement shall be deemed terminated and Redeveloper shall have no further obligations hereunder. 22 521619v3 MNI MN190-156 ARTICLE X Additional Provisions Section 10.1. Conflict of Interests; Authoritv Representatives Not Individually Liable. The Authority and the Redeveloper, to the best of their respective knowledge, represent and agree that no member, official, or employee of the Authority shall have any personal interest, direct or indirect, in the Agreement, nor shall any such member, official, or employee participate in any decision relating to the Agreement which affects his personal interests or the interests of any corporation, partnership, or association in which he is, directly or indirectly, interested. No member, official, or employee of the Authority shall be personally liable to the Redeveloper, or any successor in interest, in the event of any default or breach by the Authority or County or for any amount which may becoine due to the Redeveloper or successor or on any obligations under the terms of the Agreement. Section 10.2. Equal Employment Opportunitv. The Redeveloper, for itself and its successors and assigns, agrees that during the construction of the Minimum Improvements provided for in the Agreement it will comply with all applicable federal, state and ]ocal equal employment and non-discrimination laws and regulations. Section 10.3. Restrictions on Use. The Redeveloper agrees that until the Termination Date, the Redeveloper, and such successors and assigns, shall devote the Redevelopment Property to the operation of the Minimum Improvements for uses described in the definition of such term in this Agreement, and shall not discriminate upon the basis of race, color, creed, sex or national origin in the sale, lease, or rental or in the use or occupancy of the Redevelopment Property or any iinprovements erected or to be erected thereon, or any part thereof. Section 10.4. Provisions Not Merged With Deed. None of the provisions of this Agreement are intended to or shall be merged by reason of any deed transferring any interest in the Redevelopment Property and any such deed shall not be deemed to affect or impair the provisions and covenants of this Agreement. Section 10.5. Titles of Articles and Sections. Any titles of the several parts, Articles, and Sections of the Agreement are inserted for convenience of reference only and shall be disregarded in construing ar interpreting any of its provisions. Section 10.6. Notices and Demands. Except as otherwise expressly provided in this Agreement, a notice, demand, or other communication under the Agreement by either party to the other shall be sufficiently given or delivered if it is dispatched by registered or certified mail, postage prepaid, return receipt requested, or delivered personally; and (a) in the case of the Redeveloper, is addressed to or delivered personally to the Redeveloper at 633 Upland Avenue, Suite C, Elk River, Minnesota 55330; and 23 521619v3 MNI MN190-156 (b) in the case of the Authority, is addressed to or delivered personally to the Authority at 505 Walnut Street, Suite 1, Monticello, Minnesota 55362, Attn: Executive Director; or at such other address with respect to either such party as that party may, from time to time, designate in writing and forward to the other as provided in this Section. Section 10.7. Counterparts. This Ageement may be executed in any number of counterparts, each of which shall constitute one and the same instrument. Section 10.8. Recordin�. The Authority may record this Agreement and any amendments thereto with the Wright County recorder. The Redeveloper shall pay all costs for recording. Section 10.9. Amendment. This Agreement may be amended only by written agreement approved by the Authority and the Redeveloper. Section 10.10. Authority Ap rp ovals• Unless otherwise specified, any approval required by the Authority under this Agreement may be given by the Authority Representative. Section 10.11. Termination. This Agreeinent terminates on the Termination Date. Upon termnation of the Ageement, the Authority shall promptly execute any reasonable documents necessary to remove this Agreement from the title records of the Redevelopment Property. Section 10.12. Choice of Law and Venue. This Agreement shall be governed by and construed in accordance with 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. 24 521619v3 MNl MNI90-156 IN WITNESS WHEREOF, the Authority has caused this Agreement to be duly executed in its name and behalf and its seal to be hereunto duly affixed and the Redeveloper has caused this Agreement to be duly executed in its name and behalf on or as of the date first above written. CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY B Its reside By /� Its xec tive Director STATE OF MINNESOTA ) ) SS. COUNTY OF WRIGHT ) The foregoing instrument was acknowledged before me this ;�1"'` day of. ��� 2018 b ' , y�"��� �`,►� j�-Y v�n and �'� �,-� � s�j�� ;t= �, , the President and Ex u� i��rector of the City of Monticello Economic Development Authority, a public body corporate and politic, on behalf of the Authority. �. � . � �/..� !J'1 " ' 'v' Notary Public �>��;.� VIGKI JAN IEERHOFF r ►rOTARY PUBLIC j ���',� MINNESOTA '3�- �' �Ay Commission ERP� 01f�1R041 25 521619v3 MNI MN190-156 STATE OF MINNESOTA ) SS. COUNTY OF ��,�" � ) The f�or,�oing in� trument was ackno� 2018 by �'`;� ,� � 1 �r � �' S , � Residential Suites, LL�; a Mi esota limited RIVERTOWN RESIDENTIAL SUITES, LLC, a Minnesota Limited Liability Company By Its G , � `t?� �z �ledged befare me this ��tay of ' � , he y�-� �� ; � �C f/"�/�,, `- of Rivertown liability company, on bc�ialf of the company. ;%��, � . / � �' ' Notary Public "� PATRICIA K. KOYICH ,, COMM. #6101660 Notary Public ° State of Minnes�e ' My Canmissia� Exph� t/'31I2�Q 26 521619v3 MN1 MN190-]56 SCHEDULE A Redevelopment Property Lots 1-3, Block 36, Plat of MONTICELLO, according to the recorded plat thereof, Wright County, Minnesota. A-1 521619v3 MNI MN190-156 SCHEDULE B AUTHORIZING RESOLUTION CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. RESOLUTION AWARDING THE SALE OF, AND PROVIDING THE FORM, TERMS, COVENANTS AND DIRECTIONS FOR THE ISSUANCE OF A TAX INCREMENT REVENUE NOTE TO RIVERTOWN RESIDENTIAL SUITES, LLC. BE IT RESOLVED BY the Board of Commissioners (`Board") of the City of Monticello Economic Development Authority, Monticello, Minnesota (the "Authority") as follows: Section 1. Authorization; Award of Sale. 1.01. Authorization. The Authority and the City of Monticello have approved the establishment of its Tax Increment Financing District No. l-40 (the "TIF District") within Central Monticello Redevelopment Project No. 1("Redevelopment Project"), and have adopted a tax increinent financing plan for the purpose of tinancing certain improvements within the Redevelopment Project. Pursuant to Minnesota Statutes, Section 469.178, the Authority is authorized to issue and sell its bonds for the purpose of financing a portion of the public redevelopment costs of the Redevelopment Project. Such bonds are payable from all or any portion of revenues derived from the TIF District and pledged to the payinent of the bonds. The Authority hereby finds and determines that it is in the best interests of the Authority that it issue and sell its Tax Increment Revenue Note (Briggs Housing Project) (the "Note") for the purpose of financing certain public redevelopment costs of the Redevelopment Project. 1.02. A�proval of Agreement; Issuance, Sale, and Terms of the Note. (a) The Contract for Private Redevelopinent between the Authority and Rivertown Residential Suites, LLC (the "Owner"), as presented to the Board, is hereby in all respects approved, 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 Agreement by such officials shall be conclusive evidence of approval. Authority staff and officials are authorized to take all actions necessary to perform the Authority's obligations under the Agreement as a whole, including without limitation execution of any docuinents to which the Authority is a party referenced in or attached to the Agreement, all as described in the Agreement. 521619v3 MNI MN 190-] 56 B_ 1 (b) The Authority hereby authorizes the President and Executive Director to issue the Note in accordance with the Agreeinent. All capitalized terms in this resolution have the meaning provided in the Agreement unless the context requires otherwise. (c) The Note shall be issued in the maximum aggregate principal amount of $785,000 to the Owner in consideration of certain eligible costs incurred by the Owner under the Agreement, shall be dated the date of delivery thereof, and shall bear interest at the lesser of Owner's actual mortgage financing rate or 5.50%, from the date of issue per annum to the earlier of maturity or prepayment. The Note will be issued in the principal amount of Public Redevelopment Costs submitted and approved in accordance with Section 3.3 of the Agreement. The Note is secured by Available Tax Increment, as further described in the form of the Note herein. The Authority hereby delegates to the Executive Director the determination of the date on which the Note is to be delivered, in accordance with the Agreement. Section 2. Fonn of Note. The Note shall be in substantially the forrn attached hereto as Exhibit A, with the blanks to be properly filled in and the principal and interest rate amounts adjusted as of the date of issue. Section 3. Terms, Execution and Delivery. 3.01. Denomination, Payment. The Note shall be issued as a single typewritten note numbered R-1. The Note shall be issuable only in fully registered fonn. Principal of and interest on the Note shall be payable by check or draft issued by the Registrar described herein. 3.02. Dates; Interest Payment Dates. Principal of and interest on the Note shall be payable by mail to the owner of record thereof as of the close of business on the fifteenth day of the month preceding the Payment Date, whether or not such day is a business day. 3.03. Registration. The Authority hereby appoints the City Finance Director to perfonn the functions of registrar, transfer agent and paying agent (the "Registrar"). The effect of registration and the rights and duties of the Authority and the Registrar with respect thereto shall be as follows: (a) Re ig ster. The Registrar shall keep at its office a bond register in which the Registrar shall provide for the registration of ownership of the Note and the registration of transfers and exchanges of the Note. (b) Transfer of Note. Subject to Section 3.03(d) hereof, within 15 days after surrender for transfer of the Note duly endorsed by the registered owner thereof or accompanied by a written instrument of transfer, in form reasonably satisfactory to the Registrar, duly executed by the registered owner thereof or by an attorney duly authorized by the registered owner in writing, and consent to such transfer by the Authority if required pursuant to the Agreement, the Registrar shall authenticate and deliver, in the name of the designated transferee or transferees, a new Note of a like aggregate principal amount and maturity, as requested by the 521619v3 MNl MN190-156 B_2 transferor. The Registrar may close the books for registration of any transfer after the fifteenth day of the month preceding each Pa}nnent Date and until such Payment Date. (c) Cancellation. The Note surrendered upon any transfer shall be promptly cancelled by the Registrar and thereafter disposed of as directed by the Authority. (d) Improper or Unauthorized Transfer. When the Note is presented to the Registrar for transfer, the Registrar may refuse to transfer the same until it is reasonably satisfied that the endorsement on such Note or separate instrument of transfer is legally authorized. The Registrar shall incur no liability for its refusal, in good faith, to make transfers which it, in its judgment, deems improper or unauthorized. (e) Persons Deemed Owners. The Authority and the Registrar may treat the person in whose name the Note is at any time registered in the bond register as the absolute owner of the Note, whether the Note shall be overdue or not, for the purpose of receiving payment of, or on account of, the principal of and interest on such Note and for all other purposes, and all such payments so made to any such registered owner or upon the owner's order shall be valid and effectual to satisfy and discharge the liability of the Authority upon such Note to the extent of the sum or sums so paid. (� Taxes, Fees and Charges. For every transfer or exchange of the Note, the Registrar may impose a charge upon the owner thereof sufficient to reimburse the Registrar for any tax, fee, or other governmental charge required to be paid with respect to such transfer or exchange. (g) Mutilated, Lost, Stolen or Destroyed Note. In case any Note shall become mutilated or be lost, stolen, or destroyed, the Registrar shall deliver a new Note of like amount, Termination Dates and tenor in exchange and substitution for and upon cancellation of such mutilated Note or in lieu of and in substitution for such Note lost, stolen, or destroyed, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case the Note lost, stolen, or destroyed, upon filing with the Registrar of evidence satisfactary to it that such Note was lost, stolen, or destroyed, and of the ownership thereof, and upon furnishing to the Registrar of an appropriate bond or indemnity in fonn, substance, and amount satisfactory to it, in which both the Authority and the Registrar shall be named as obligees. The Note so surrendered to the Registrar shall be cancelled by it and evidence of such cancellation shall be given to the Authority. If the mutilated, lost, stolen, or destroyed Note has already matured or been called for redemption in accordance with its terms, it shall not be necessary to issue a new Note prior to payment. 3.04. Preparation and Delivery. The Note shall be prepared under the direction of the Executive Director and shall be executed on behalf of the Authority by the signatures of its President and Executive Director. In case any officer whose signature shall appear on the Note shall cease to be such officer before the delivery of the Note, such signature shall nevertheless be valid and sufficient for all purposes, the same as if such officer had remained in office until delivery. When the Note has been so executed, it shall be delivered by the Executive Director to the Owner thereof in accordance with the Agreeinent. 521619v3 MNI MN190-156 B_3 Section 4. Securitv Provisions. 4.01. Pledge. The Authority hereby pledges to the payment of the principal of and interest on the Note all Available Tax Increment as defined in the Note. Available Tax Increment shall be applied to payment of the principal of and interest on the Note in accordance with the terms of the form of Note set forth in Section 2 of this resolution. 4.02. Bond Fund. Until the date the Note is no longer outstanding and no principal thereof or interest thereon (to the extent required to be paid pursuant to this resolution) remains unpaid, the Authority shall maintain a separate and special `Bond Fund" to be used for no purpose other than the payment of the principal of and interest on the Note. The Authority irrevocably agrees to appropriate to the Bond Fund on or before each Payment Date the Available Tax Increment in an amount equal to the Payment then due, or the actual Available Tax Increment, whichever is less. Any Available Tax Increment remaining in the Bond Fund shall be transferred to the Authority's account for the TIF District upon the termination of the Note in accordance with its terms. 4.03. Additional Obli�ations. The Authority will issue no other obligations secured in whole or in part by Available Tax Increment unless such pledge is on a subordinate basis to the pledge on the Note. Section 5. Certification of Proceedings. 5.01. Certification of Proceedings. The officers of the Authority are hereby authorized and directed to prepare and furnish to the Owner of the Note certified copies of all proceedings and records of the Authority, and such other affidavits, certificates, and information as may be required to show the facts relating to the legality and marketability of the Note as the same appear from the books and records under their custody and control or as otherwise known to them, and all such certified copies, certificates, and affidavits, including any heretofore furnished, shall be deemed representations of the Authority as to the facts recited therein. Section 6. Effective Date. This resolution shall be effective upon approval. Approved by the Board of Commissioners of the City of Monticello Economic Development Authority on , 2018. President ATTEST: Executive Director 521619v3 MNI MN190-156 B-q, UNITED STATE OF AMERICA STATE OF MINNESOTA COUNTY OF WRIGHT CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY No. R-1 TAX INCREMENT REVENUE NOTE SERIES 20_ (BRIGGS HOUSING PROJECT) Rate % � Date of Ori�inal Issue ,20 The City of Monticello Economic Development Authority (the "Authority") for value received, certifies that it is indebted and hereby promises to pay to Rivertown Residential Suites, LLC or registered assigns (the "Owner"), the principal sum of $ and to pay interest thereon at the rate of percent ( %) per annum, solely from the sources and to the extent set forth herein. Capitalized terms shall have the meanings provided in the Contract for Private Redevelopment between the Authority and the Owner, dated as of , 2018 (the "Ageement"), unless the context requires otherwise. 1. Payments. Principal and interest ("Payments") shall be paid on August l, 20_ and each February 1 and August 1 thereafter ("Payment Dates") to and including February 1, 2046 (the "Maturity Date") in the amounts and from the sources set forth in Section 3 herein. Payments shall be applied first to accrued interest, and then to unpaid principal. Interest accruing from the date of issue through and including February 1, 20_ shall be added to principal. Payments are payable by mail to the address of the Owner or such other address as the Owner may designate upon thirty (30) days written notice to the Authority. Payments on this Note are payable in any coin or currency of the United States of America which, on the Payment Date, is le�al tender for the payment of public and private debts. 2. Interest. Interest at the rate stated herein shall accrue on the unpaid principal, commencing on the date of original issue. Interest shall be computed on the basis of a year of 360 days and charged for actual days principal is unpaid. 3. Available Tax Increment. (a) Payments on this Note are payable on each Pa}nnent Date solely from and in the amount of Available Tax Increment, which shall mean, on each Payment Date, Ninety percent (90%) of the Tax Increment attributable to the Miniinum 521619v3 MNI MN190-156 B-5 Improvements and Redevelopment Property that is paid to the Authority by Wright County in the six months preceding the Payment Date. (b) The Authority shall have no obligation to pay principal of and interest on this Note on each Payment Date from any source other than Available Tax Increment and the failure of the Authority to pay the entire amount of principal or interest on this Note on any Payment Date shall not constitute a default hereunder as long as the Authority pays principal and interest hereon to the extent of Available Tax Increment. The Authority shall have no obligation to pay any unpaid balance of principal or accrued interest that may remain after the final Payment on the Maturity Date. 4. Default. If on any Payment Date there has occurred and is continuing any Event of Default under the Agreement, the Authority may withhold from payments hereunder under all Available Tax Increment. If the Event of Default is thereafter cured in accordance with the Agreement, the Available Tax Increment withheld under this Section shall be deferred and paid, without interest thereon, within thirty (30) days after the Event of Default is cured. If the Event of Default is not cured in a timely manner, the Authority may terminate this Note by written notice to the Owner in accordance with the Agreement. 5. Prepayment. The principal sum and all accrued interest payable under this Note is prepayable in whole or in part at any time by the Authority without premium or penalty. No partial prepayment shall affect the amount or timing of any other regular Payment otherwise required to be made under this Note. 6. Nature of Obli ag tion. This Note is one of an issue in the total principal amount of $ , issued to aid in financing certain public redevelopment costs and administrative costs of a Redevelopment Project undertaken by the Authority pursuant to Minnesota Statutes, Sections 469.090 through 469.1081, and is issued pursuant to an authorizing resolution (the "Resolution") duly adopted by the Authority on , 2018, and pursuant to and in full conformity with the Constitution and laws of the State of Minnesota, including Minnesota Statutes, Sections 469.174 to 469.1794, as amended. This Note is a limited obligation of the Authority which is payable solely from Available Tax Increment pledged to the payment hereof under the Resolution. This Note and the interest hereon shall not be deemed to constitute a general obligation of the State of Minnesota or any political subdivision thereof, including, without limitation, the Authority. Neither the State of Minnesota, nor any political subdivision thereof shall be obligated to pay the principal of or interest on this Note or other costs incident hereto except out of Available Tax Increment, and neither the full faith and credit nor the taxing power of the State of Minnesota or any political subdivision thereof is pledged to the payment of the principal of or interest on this Note or other costs incident hereto. 7. Re�istration and Transfer. This Note is issuable only as a fully registered note without coupons. As provided in the Resolution, and subject to certain limitations set forth therein, this Note is transferable upon the books of the Authority kept for that purpose at the principal office of the City Finance Director, by the Owner hereof in person or by such Owner's attorney duly authorized in writing, upon surrender of this Note together with a written instrument of transfer satisfactory to the Authority, duly executed by the Owner. Upon such 521619v3 MNI MN190-156 B-6 transfer or exchange and the payrnent by the Owner of any tax, fee, or governmental charge required to be paid by the Authority with respect to such transfer or exchange, there will be issued in the name of the transferee a new Note of the same aggregate principal amount, bearing interest at the same rate and maturing on the same dates, within 15 days after the delivery by the Owner of its request and approval of such request by the Authority if required under the Agreement. Except as otherwise provided in Section 3.3(d) of the Agreement, this Note shall not be transferred to any person or entity, unless the Authority has provided written consent to such transfer. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions, and things required by the Constitution and laws of the State of Minnesota to be done, to exist, to happen, and to be performed in order to make this Note a valid and binding limited obligation of the Authority according to its terms, have been done, do exist, have happened, and have been performed in due form, time and manner as so required. IN WITNESS WHEREOF, the Board of Commissioners of the City of Monticello Economic Development Authority have caused this Note to be executed with the manual signatures of its President and Executive Director, all as of the Date of Original Issue specified above. Executive Director CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY President REGISTRATION PROVISIONS The ownership of the unpaid balance of the within Note is registered in the bond register of the City Finance Director, in the name of the person last listed below. Date of Registration , 20 Re�istered Owner Rivertown Residential Suites, LLC Federal Tax I.D No 521619v3 MNI MN190-156 B_� Signature of Finance Director SCHEDULE C FORM OF CERTIFICATE OF COMPLETION (The remainder of this page is intentionally blank.) 521619v3 MNI MN190-156 C-1 CERTIFICATE OF COMPLETION WHEREAS, the City of Monticello Economic Development Authority (the "Authority") and Rivertown Residential Suites, LLC ("Redeveloper") entered into a certain Contract for Private Redevelopment dated , 2018 (the "Contract"), recorded at the office of the County Recorder of Wright County as Document No. ; and WHEREAS, the Contract contains certain covenants and restrictions set forth in Articles III and IV thereof related to constructing certain Minimum Improvements; and WHEREAS, the Redeveloper has performed said covenants and conditions insofar as it is able in a maruler deemed sufficient by the Authority to permit the execution and recording of this certification; NOW, THEREFORE, this is to certify that all construction and other physical improvements related to the Minimum Improvements specified to be done and made by the Redeveloper have been completed and the ageements and covenants in Articles III and N of the Contract relating to such construction have been performed by the Redeveloper, and this Certificate is intended to be a conclusive determination of the satisfactory termination of the covenants and conditions of Articles III and IV of the Contract related to completion of the Minimum Improvements, but any other covenants in the Contract shall remain in full force and effect. 521619v3 MNI MN190-156 C_2 Dated: STATE OF MINNESOTA COUNTY OF WRIGHT ►31� CITY OF MONTICELLO DEVELOPMENT AUTHORITY : Authority Representative ECONOMIC The foregoing instrument was acknowledged before me this day of 20_, by , the of the City of Monticello Economic Development Authority, a public body corparate and politic under the laws of the State of Minnesota, on behalf of the authority. Notary Public This document was drafted by: KENNEDY & GRAVEN, Chartered (MNI) 470 U.S. Bank Plaza Minneapolis, Minnesota 55402 Telephone: 337-9300 (Signature page to Certificate of Completion) 521619v3 MNI MN190-156 C-3 SCHEDULE D Form of Renter's Income Verification Form PROPERTY INFORMATION Postal Address of Property Unit Number TENANT INFORMATION Name of Tenant Phone # Number of family/household members: Annual Household Income* $ *Annual Household Income must he supported by documentation (i.e. copy of most current 1040's, etc.). Failure to provide verification will constitute a"non-qualifying tenant". - -_ iNCOME LIMIT INFORMATION Does the Tenant meet these limits and has appropriate documentation been submitted? YES NO Pursuant to the Contract for Private Redevelopment between the City of Monticello Economic Development Authority and Rivertown Residential Suites, LLC dated as of , 2018, at least 10 of the 47 rental units comprising the Minimum Improvements must be reserved for tenants whose income is 50% or less of the area's median gross income. Signature of Tenant(s) Reviewed and approved on behalf of Rivertown Residential Suites, LLC. BY Date D-1 521619v3 MNI MN190-156 Date Date EDA: 6/12/19 7 Consideration of Adoptin� Resolution #2019-06 Approvin� Preliminarv Developmenmt Agreement with Beard Group, Inc. for Block 52 Redevelopmente (JT) A. REFERENCE AND BACKGROUND: This item is for EDA consideration of a Preliminary Development Agreement (PDA) with Beard Group, Inc. in connection with potential Block 52 Redevelopment efforts. At the May 29, 2019 Special EDA meeting action was taken to authorize staff to negotiate a Preliminary Development Agreement (PDA) with Beard. The Preliminary Development Agreement is essentially an agreement wherein both parties to continue working toward a final formal Development Agreement and setting out certain benchmarks and performance requirements of both parties in the movement toward a formal development agreement. Beard's Block 52 proposal is included in the PDA as an attachment. Al. STAFF IMPACT: There is a limited staff impact in considering the PDA. The EDA attorney drafted the resolution and the PDA. The Economic Development Manager and reviewed and organized the prepared materials for consideration by the EDA. A2. BUDGET IMPACT: There is not a specific fee proposed at this time related to the execution of a PDA, though the financing which is detailed in the document alludes to the standard TIF application fee of $10,000 which is to cover the cost of staff involvement in reviewing and preparing the TIF inaterials for consideration by the EDA, will be a key component of PDA performance and eventually be incorporated into a final development agreemen� A3. STRATEGIC IMPACT: The Block 52 Redevelopment efforts are part of the City of Monticello's strategic goals so noted in the 2017 Strategic Plan as well as in the 2018 update. Goal #1 "Create & Preserve Sustainable Livability" with a sub-goal of Working to attract and develop a healthy mix of housing options is a key alignment with the EDA consideration for the PDA with Beard Group. Goal #4 "Support A Vibrant Economy" and the sub-goal of "Support development and redevelopment of publicly owned property" also fits the entire Block 52 effort. The City and EDA own approximately 55 percent of the Block at this time. There are other key properties in this Block which can also be included in a redevelopment concept. The Small Area Study (SAS), adopted by the EDA and the City in late 2017, focuses on redevelopment of Block 52 as a key strategy to revitalize the downtown area. The SAS plan calls for adding residential units (and associated purchasing power) in the core City and specifically in Block 52. The specific Block 52 plan calls for ground floor entertainment, dining and retail uses as well. The Beard Group concept meets those objectives by adding 95 residential units and a restaurant and commercial site along MN TH #25. It is strongly believed that a development modeled after the Beard concept will make a positive contribution to Monticello's community and economic vitality. EDA: 6/12/19 B. ALTERNATIVE ACTIONS: L Motion to adopt Resolution #2019-06 approving a PDA between Beard Group, Inc. or its assigns and the EDA in connection with the potential mixed-use redevelopment in Block 52. 2. Motion to deny adoption of Resolution #2019-06 approving a PDA between 3. Motion to table adoption of Resolution #2019-06 approving a PDA between B Beard Group, Inc. or its assigns and the EDA in connection with the potential mixed-use redevelopment in Block 52 for further research and discussion. 4. Motion of other as determined by the EDA. C. STAFF RECOMMENDATION: Staff recommends that the EDA proceed per Alternative #1. The EDA reviewed and commented on the various concept proposals for prospective Block 52 redevelopment at its May 29, 2019 Special EDA meeting. At that meeting, the EDA engaged in a developer- concept ranking exercise with the results leading to Beard Group, Inc. scoring the highest number of points among the four developers interviewed for the Block 52 efforts. Following the ranking exercise, the EDA authorized staff to negotiate a PDA for consideration at an upcoming EDA meeting. The PDA, if approved, is an initial agreement wherein the EDA and Beard Group, Inc. reach an understanding for continued discussion and negotiation to define the terms and conditions of a formal Block 52 development agreement for consideration by the EDA at a future date. Beard's concept is a full block development in a horizontal mixed-use form with side by side residential and commercial development components. Their concept specifies 951uxury multi-family units on the west half of the block in the form of a three-story building over an underground (garden level) parking garage. The garage entrance-exit point is on River Street. The commercial portion of the concept is designed as a stand-alone restaurant pad in the northeast corner of the Block along with a sizeable commercial building site in the southeast corner of the Block Beard has indicated that they would focus on the residential component as their primary effort. The commercial parcels would be a secondary effort with timing dependent on obtaining lease or purchase agreement commitments. River Street is slated to remain open under the Beard concept. D. SUPPORTING DATA: a. Resolution #2019-06 b. Preliminary Development Agreement CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. APPROVING PRELIMINARY DEVELOPMENT AGREEMENT BETWEEN THE CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY AND THE BEARD GROUP, 1NC. BE TT RESOLVED by the Board of Commissioners of the City of Monticello Economic Development Authority ("Authority") as follows: Back rg ound. 1.01. The Beard Group, Inc. (the "Developer") desires to acquire certain property (the "Property") in the City of Monticello (the "City"), which Property has been the subject of certain preliminary negotiations with the Authority in connection with the construction of a multi-use development on the Property (the "Development"). 1.02. The Authority and the Developer have determined to enter into a preliminary development agreement (the "PDA"), providing for negotiation of a definitive purchase and development contract that will address (among other things) terms under which the Developer will acquire a portion of the Property from the Authority and construct the Development on the Property, and the Authority may provide certain financial assistance if warranted to make development by the Developer financially feasible. 1.03. The Board has reviewed the PDA, and has determined that it is in the best interests of the Authority to approve and execute the PDA. 2. Approval of PDA. 2.01. The Authority approves the PDA, and authorizes and directs the President and Executive Director to execute same in substantially the form on file, subject to modifications that do not alter the substance of the transaction and are approved by the President and Executive Director, provided that execution of the PDA by such officials will be conclusive evidence of their approval. 2.02. Authority officials and consultants are authorized to take any other actions necessary to carry out the Authority's obligations under the PDA, and to bring a proposed definitive purchase and development contract before the Authority. Approved this 12th day of June, 2019, by the Board of Commissioners of the City of Monticello Economic Development Authority. President ATTEST: Secretary 585540v1MN190-159 CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY PRELIMINARY DEVELOPMENT AGREEMENT (Block 52 Multi-Use Development) THIS AGREEMENT, dated this _ day of June, 2019, by and between the City of Monticello Economic Development Authority, a public body corporate and politic under the laws of Minnesota ("Authority") and The Beard Group, Inc., a Minnesota corporation ("Developer"): WITNES SETH: WHEREAS, the Authority owns certain property within an area of the City of Monticello ("City") designated as Block 52, which properry is legally described in Exhibit A attached hereto (the "Authority Property"), and Developer is negotiating the purchase of certain additional property within said Block 52, which property is legally described in Exhibit A attached hereto ("Developer Property" and together with the City Property, the "Development Property"); and WHEREAS, the Developer has submitted a preliminary proposal (the "Proposal") for the development of the Development Property (the "Development"), a portion of which proposal is attached hereto as Exhibit B; and WHEREAS, the Developer has requested the Authority to explore the use of certain public assistance to assist with the Development; and WHEREAS, the Authority has determined that it is in the Authority's best interest that the Developer be designated sole developer of the Property during the term of this Agreement; and WHEREAS, the Authority and the Developer are willing and desirous to undertake the Development if (i) a satisfactory agreement can be reached regarding the Authority's commitment for public costs necessary for the Development; (ii) satisfactory mortgage and equity financing or adequate cash resources for the Development can be secured by the Developer; and (iii) the economic feasibility and soundness of the Development and other necessary preconditions have been determined to the satisfaction of the parties; and WHEREAS, the Authority is willing to evaluate the Development and work toward all necessary agreements with the Developer if the Developer agrees to make the nonrefundable deposit described herein, which is intended, in part, to reimburse the Authority for its costs if the Development is abandoned by Developer or necessary agreements are not reached under the terms of this Agreement. NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and obligations set forth herein, the parties agree as follows: 1. Negotiations between the parties shall proceed in an attempt to formulate a definitive purchase and development contract ("Contract") based on the following: 584783v1MN190-159 (a) the Developer's Proposal, which shows the scope of the proposed Development in its latest form as of the date of this Agreement, together with any changes or modifications required by the Authority; (b) a mutually satisfactory Contract to be negotiated and agreed upon in accordance with negotiations contemplated by this Agreement; (c) such documentation regarding economic feasibility of the Proj ect as the Authority may wish to undertake during the term of this Agreement; and (d) other terms and conditions of this Agreement. 2. It is the intention of the parties that this Agreement: (a) documents the present understanding and commitments of the parties; and (b) will lead to negotiation and execution of a mutually satisfactory Contract for the Development prior to the termination date of this Agreement. The Contract (together with any other agreements entered into between the parties hereto contemporaneously therewith) when executed, will supersede all obligations of the parties hereunder. 3. During the term of this Agreement, the Developer shall: (a) Submit to the Authority a design proposal to be approved by the Authority showing the location, size, and nature of the proposed Development, including floor layouts, renderings, elevations, and other graphic or written explanations of the Development. The design proposal shall be accompanied by a proposed schedule for the starting and completion of all phases of Development. (b) Submit an overall cost estimate for the design and construction of the Development. (c) Submit a time schedule for all phases of the Development. (d) Undertake and obtain such other preliminary economic feasibility studies, income and expense projections, and such other economic information as the Developer may desire to further confirm the economic feasibility and soundness of the Development. (e) Submit to the Authority the Developer's financing plan showing that the proposed Development is financially feasible, and, to the extent Developer seeks public financial assistance in any form (including reduced land cost, waiver of fees, and tax increment financing), evidence that such assistance is reasonably necessary to make the Development financially feasible. (� Furnish satisfactory financial data to the Authority evidencing the Developer's ability to undertake the Development. (g) Furnish any other information reasonably requested by the Authority in connection with the Development, including without limitation information concerning noise, environmental factors, and conformity with the Declaration of Restrictive Covenants 584783v1MN190-159 2 governing the Property. 4. During the term of this Agreement, the Authority agrees to: (a) Commence the process necessary to undertake such public assistance as is necessary pursuant to the terms of the Proposal, including without limitation commencement of actions necessary to terminate all existing agreements and tax increment financing districts related to the Property, and to create a new housing tax increment financing district that includes the Property. (b) Proceed to seek all necessary information with regard to the anticipated public costs associated with the Development. (c) Estimate the Authority's level and method of financial participation, if any, in the Development and develop a financial plan for the Authority's participation. 5. It is expressly understood that execution of the Contract shall be subj ect to: (a) A determination by the Authority in its sole discretion that its undertakings are feasible based on (i) the projected tax increment revenues and any other revenues designated by the Authority (to the extent requested by Developer); (ii) the purposes and objectives of any tax increment, development, or other plan created or proposed for the purpose of providing financial assistance for the Development, if any, including the determination that such assistance is reasonably necessary in order to make the Development possible; (iii) the best interests of the City and Authority. (b) A determination by the Developer that the Development is feasible and in the best interests of the Developer. 6. This Agreement is effective from the date hereof through December 31, 2019, unless e�tended with approval of the Authority's board of commissioners. After expiration of the term of this Agreement, neither party shall have any obligation hereunder except as expressly set forth to the contrary herein. 7. The Developer shall be solely responsible for all costs incurred by the Developer. In addition, the Developer shall reimburse the Authority for Administrative Costs, as hereafter defined. For the purposes of this Agreement, the term "Administrative Costs" means out of pocket costs incurred by the Authority and City attributable to or incurred in connection with the negotiation and preparation of this Agreement, the Contract, and other documents and agreements in connection with the Development, including without limitation all costs in connection with replatting of the Property and the cost of financial advisors, attorneys, and planning engineering and environmental consultants. In order to secure payment of the Administrative Costs, the Developer has delivered to the Authority funds in the amount of $10,000 upon submission of Developer's application for tax increment assistance. If at any one or more times during the term of this Agreement, the Authority determines that Administrative Costs will exceed $10,000 and that additional security is required, the Authority shall notify the Developer of the amount of such additional security. Within ten 584783v1MN190-159 3 calendar days of receipt of this notice, the Developer shall deliver to the Authority the required additional security. The Authority will utilize the funds delivered by the Developer to pay or reimburse itself for Administrative Costs. Upon termination of this Agreement, the Authority will return to the Developer the funds paid by the Developer to the Authority pursuant to this Section 7, less an amount equal to the Administrative Costs incurred by the Authority through the date of notice of termination. For the purposes of this paragraph, Administrative Costs are considered to be incurred if they have been paid, relate to services performed, or are payable under a contract entered into, on or before the date of the notice of termination. This Section 7 shall survive termination of this Agreement and shall be binding on the Developer regardless of the enforceability of any other provision of this Agreement. 8. This Agreement may be terminated upon ten (10) days written notice by either party to the other of any of the following events of default, only if such events of default shall remain uncured during the aforementioned notice period: (a) an essential precondition to the execution of the Contract cannot be met; or (b) if, in the sole discretion of the Authority, an impasse has been reached in the negotiation or implementation of any material term or condition of this Agreement or the Contract. 9. During the term of this Agreement, the Authority agrees that it will not negotiate or contract with any other party concerning the development of the Property. The Developer shall not assign or transfer its rights under this Agreement in full or in part, or enter into any subcontracts to perform any of its obligations hereunder, without the prior written consent of the Authority. 10. In the event that the Developer, its heirs, successors or assigns, fail to comply with any of the provisions of this Agreement, the Authority may proceed to enforce this Agreement by appropriate legal or equitable proceedings, or other similar proceedings, and if the Authority is the prevailing party, the Developer, its heirs, successors or assigns, agree to pay all costs of such enforcement, including reasonable attorneys' fees. 11. If any portion of this Agreement is held invalid by a court of competent jurisdiction, such decision shall not affect the validity of any remaining portion of the Agreement. 12. In the event any covenant contained in this Agreement should be breached by one party and subsequently waived by another party, such waiver shall be limited to the particular breach so waived and shall not be deemed to waive any other concurrent, previous or subsequent breach. 13. Notice or demand or other communication between or among the parties shall be sufficiently given if sent by mail, postage prepaid, return receipt requested or delivered personally: (a) As to the Authority: City of Monticello Economic Development Authority 404 Walnut Street, Suite 1 Monticello, MN 55362 Attn: Executive Director 584783v1MN190-159 4 (b) As to the Developer: The Beard Group, Inc. 750 2"d Street NE, Suite 100 Hopkins, MN 55343 Attn: Chief Executive Officer 14. This Agreement may be executed simultaneously in any number of counterparts, all of which shall constitute one and the same instrument. 15. This Agreement shall be governed by and construed in accordance with 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 obj ection to the jurisdiction of these courts, whether based on convenience or otherwise. 16. The Developer hereby agrees to protect, defend and hold the Authority, the City and their officers, elected and appointed officials, employees, administrators, commissioners, agents, and representatives harmless from and indemnified against any and all loss, cost, fines, charges, damage and expenses, including, without limitation, reasonable attorneys fees, consultant and expert witness fees, and travel associated therewith, due to claims or demands of any kind whatsoever caused by Developer or arising out of actions of Developer (and excluding those caused by or arising out of the Authority's or City's own acts or conduct) with regard to (i) the development, marketing, sale or leasing of all or any part of the Property, including, without limitation, any claims for any lien imposed by law for services, labor or materials furnished to or for the benefit of the Property, or (ii) any claim by the state of Minnesota or the Minnesota Pollution Control Agency or any other person pertaining to the violation of any permits, orders, decrees or demands made by said persons or with regard to the presence of any pollutant, contaminant or hazardous waste on the Property deposited or released by Developer; and (iii) or by reason of the execution of this Agreement or the performance of this Agreement. The Developer, and the Developer's successors or assigns, agree to protect, defend and save the Authority, and its officers, agents, and employees, harmless from all such claims, demands, damages, and causes of action and the costs, disbursements, and expenses of defending the same, including but not limited to, attorneys fees, consulting engineering services, and other technical, administrative or professional assistance incurred by the Authority as a result of the actions of Developer. This indemnity shall be continuing and shall survive the performance, termination or cancellation of this Agreement. Nothing in this Agreement shall be construed as a limitation of or waiver by the Authority of any immunities, defenses, or other limitations on liability to which the Authority is entitled by law, including but not limited to the maximum monetary limits on liability established by Minnesota Statutes, Chapter 466. 584783v1MN190-159 5 IN WITNESS WHEREOF, the Authority has caused this Agreement to be duly executed in its name and behalf and its seal to be duly affixed hereto and the Developer has caused this Agreement to be duly executed as of the day and year first above written. DE VELOPER: THE BEARD GROUP, INC. By Its: AUTHORITY: CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY By Its President By Its Executive Director 584783v1MN190-159 6 EXHIBIT A Description of Development Property Authority Property: Developer Property: 584783v1MN190-159 A-1 EDA Agenda: 06/12/19 8. Economic Development Report (JT) A. WSB Economic Development Assistance Report: Please see attached report dated June 7, 2019. B. Prospects — See attached A spread sheet with the concept stage and active search prospects is attached as Exhibit B. C. Volunteer Picnic - Reminder — See Flyer (Exhibit C.) D. EDA Farmland Status Update — Parcel in Otter Creek Business Park — verbal update will be provided at meeting Memorandum To: From: Date: Re: Monticello Economic Development Authority Jim Thares, Economic Development Manager Jim Gromberg, Economic Development Coordinator June 7, 2019 Bi-Monthly Report WSB Project No. 013322-00 wsb Thank you for the opportunity to continue to assist the City of Monticello in their continued efforts to provide economic vitality for the community and the residents. Below are updates on the � projects that are currently being completed for the city with regards to the economic development o efforts. Some of the highlights were: c� W Project Shepard: Jim and I met with Project Shepard to discuss the proposal and their needs for �, the new facility. We also invite the DEED representative to attend to assist with any questions � concerning state programs. The company has narrowed their attention for potential sites to 2 in the City of Monticello. Jim and I are currently working on developing an information matrix for a � comparison of the 2 sites. This will allow for the company to have a better idea on the positives � of each site. � � � z � � J 0 a Q W z z � � W � z W > a a z W x 0 � Project 6580: Jim and I have met with the company to discuss the status of their decision on the potential sites in the City. One of the original sites that was proposed is now being considered by a different project. We will be working with them to determine if one of the other sites is a better fit for their project. The primary focus will be to keep their project moving forward to prevent the loss of other projects as they are struggling with their decision. Industrial Park Study: We are currently schedule the meeting s and gathering the background data for the report and the status of the market for industrial space. The current projects in both Becker and Monticello have had a significant effect on the industrial land markets. One of the biggest positives of the recent announcements and requests for information is a growing need for space. This will cause the City to need continue to consider the direction of industrial property growth in the future. Legislative Session: While the legislative session failed to pass a bonding bill, they did recapitalize the Minnesota Investment Fund and the Job Creation Fund to allow for assistance to future projects. They also funded the TEDI program which will have about $2.4 million available for projects. DartPoints: One of the contacts made at the Dallas FAM tour was the DartPoints which builds small microdata centers to serve smaller communities. They generally need approximately 1-2 acres and look for both good fiber access and electric infrastructure. The City of Monticello is a possible site for one of their projects as they expand out of lowa. Please let me know if you have any questions concerning the above projects or require additional information on the projects. In addition, let me know if you have additional projects that should be reviewed and included. � � � � � � � � � � � � � � � � � �., � � � � � � � � � � °° � � � � � � � � � � N � N N N � N N N LL � � N N N � � � � � � ln � ln ln ln Q ln ln ln � fl- ln ln ln Q ln N Q N V N v N N N N t0 fl- N N N v ln N ln Gl > > > > > � > > > d V U N N N V � • C i i i C '� 0 U C U a Q Q Q Q Q U Q Q Q Q V U Q Q Q U Q U Q `O Q � C d O � p O 0 0 0 O O O O O 0 O O O 0 O O O N p O 0 0 0 O O O O O 0 O O O 0 O O O � p O 0 0 0 O " O � O O " 0 O O O 0 O O " O C � O � 0 � v1 Ol I� v1 O m O ti N 0 O N � nj O � � � � M N N M {�j} � c-I c-I {^j} c-I c-I c-I �{�} � {�} yn, {�} � i/} i/} i/} i/} �' i/} i/} i/} i/} i/} O F H � � O o m O O� `ti W I\ 0 M1. M1. 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City of Monticello volunteers and their families are invited to join us for a picnic at Ellison Park! Rain or Shine Please RSVP with number attending to HF'@ci.monticello.mn.us by June 24th CITY OF � Monticello ,