EDA Minutes 05-29-2019 (Special Meeting)MINUTES
SPECIAL MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, May 29th, 2019 — 4:30 p.m.
Academy Room, Monticello Community Center
Commissioners Present: Steve Johnson, Bill Tapper, Jon Morphew, Tracy Hinz, 011ie
Koropchak-White, Lloyd Hilgart, and Jim Davidson
Staff Present: Angela Schumann and Jim Thares
1. Call to Order.
Steve Johnson called the special meeting of the EDA to order at 4:30 p.m.
2. Roll Call
3. Consideration of Downtown Facade Improvement Grant Program project status
report, authorizing $50,000 in additional funding for Facade Improvement Grant
Program, and amending the Facade Improvement Grant Program Guidelines
Angela Schumann provided an update on the history of the facade improvement program.
She noted where each of the property owners are at in the program. Schumann provided a
spreadsheet that proposed using the percentage of facade to determined allocation. Bill
Tapper also had brought forward an idea of allocation.
TRACY HINZ MOVED TO TABLE ACTION ON ALLOCATING $50,000 IN
ADDITIONAL FUNDING. JON MORPHEW SECONDED THE MOTION. MOTION
CARRIED 7-0.
Additional EDA discussion occurred regarding the funding allocation to various
properties/projects. The EDA discussed having the facade improvement program be a
multi-year grant. They also discussed the importance of opening up a loan program for
additional improvements in the downtown.
Decision 2: Grant Fund
BILL TAPPER MOVED TO AUTHORIZE AN ADDITIONAL $50,000 FROM TIF 1-6
TO THE MONTICELLO DOWNTOWN FAQADE IMPROVEMENT PROGRAM.
OLLIE KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 7-
0.
4. PUBLIC HEARING — Consideration of Adopting Resolution #2019-04 approving
Facade Improvement Grant Agreement with Tricambra Holdings, Inc. dba
Cornerstone Cafe
Angela Schumann indicated that Tricambra Holdings has submitted a complete
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application for the Fagade Improvement Grant Agreement. They have selected the lowest
quote at $149,335.89 (Purpose Driven Restoration). The contractor is licensed through
the State of Minnesota. Schumann noted a gap in financing for the project. Schumann
indicated that the owners have decided to provide private financing in the amount of 26
percent of the costs. An escrow agreement would have to be finalized along with a final
rendering by Cuningham would be provided.
Greg Ashfeld, owner of Cornerstone Cafe, introduced himself and expressed his
excitement and commitment to the downtown.
BILL TAPPER MOVED TO AUTHORIZE A $60,000 GRANT THROUGH THE
FACADE IMPROVEMENT PROGRAM AND A $10000 LOAN AT 3.5%
INTEREST. THE LOAN FUND WOULD NEED TO BE CREATED. STEVE
JOHNSON SECONDED THE MOTION.
Discussion regarding the complexity of the funding mix and available resources
continued. The best formula for allocating funds to projects was also interjected into
discussion. EDA members shared their views of idea of community impact from each
project and use of that as a measure as well as facade square footage.
BILL TAPPER WITHDREW HIS MOTION. STEVE JOHNSON CONSENTED TO
THE WITHDRAWAL OF THE MOTION.
TRACY HINZ MOVED TO ADOPT RESOLUTION #2019-04 APPROVING FACADE
IMPROVEMENT GRANT AGREEMENT WITH TRICAMBRA HOLDINGS, INC.
DBA CORNERSTONE CAFE, CONTINGENT ON THE FOLLOWING:
A. FINANCIAL COMMITMENT SATISFACTORY TO THE EDA ATTORNEY
FOR THE REMAINDER OF THE PROJECT COST
B. COMPLIANCE WITH REMAINING GRANT GUIDELINE REQUIREMENTS
C. EXECUTION OF A GRANT AGREEMENT INCLUDING FINAL PROJECT
RENDERING AND CONTRACTOR AGREEMENT WITH TRICAMBRA
HOLDINGS MEETING ALL PROGRAM REQUIREMENTS
FURTHER, THE EDA AUTHORIZES A $100,000 GRANT THROUGH THE
FACADE IMPROVEMENT PROGRAM, WITH $50,000 PER FACADE, A TOTAL
OF TWO FACADES WITH THE CONDITION THAT TRICAMBRA HOLDINGS IS
RESPONSIBLE FOR THE REMAINDER OF THE PROJECT COSTS AND
FURTHERMORE TO AMEND THE EDA GUIDELINES ACCORDINGLY. LLOYD
HILGART SECONDED THE MOTION. MOTION CARRIED, 5-0.
5. Consideration of Block 52 Redevelopment
a. EDA Discussion - Impressions and Rankings of Developers
b. Discussion of Next Steps in Block 52 Redevelopment Process
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Jim Thares provided the staff report that highlighted each of the four development
proposals for Block 52. Staff created a ranking activity for the EDA to complete during
the meeting to vote on their favorite proposal.
The EDA discussed each of the developer's proposals. The EDA voted the highest
primary developer as the Beard Group with secondary going to Briggs Companies.
JIM DAVIDSON MOVED TO DIRECT STAFF TO ENTER INTO NEGOTIATIONS
FOR COMPLETION OF A PRELIMINARY DEVELOPMENT AGREEMENT WITH
THE BEARD GROUP. OLLIE KOROPCHAK-WHITE SECONDED THE MOTION.
BILL TAPPER AMENDED THE MOTION TO INCLUDE A TOUR OF THEIR
FACILITIES. MOTION CARRIED, 5-0.
CONSENT AGENDA (ADDED)
BILL TAPPER MOVED TO APPROVE ITEMS 6-8 AS A CONSENT AGENDA.
OLLIE KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 7-
0.
6. Consideration of Authorizing Solicitation of Quotes for WSRR Boundary Survey
for entire Block 52 Area
Recommendation: Authorize solicitation of quotes for a WSRR survey of the entire
Block 52 area.
7. Consideration of Authorizing Parks Department to place "Event" signage on EDA
Property - 103 Pine Street
Recommendation: Authorize event signage to be placed on EDA owned property located
at 103 Pine Street.
8. Consideration of Authorizing staff to attend 2019 EDA Summer Conference in
Duluth, MN (June 13 and 14)
Recommendation: Authorize Economic Development Manager to attend the 2019 EDAM
Summer Conference.
9. Economic Development Director's Report
Jim Thares indicated that the Volunteer Picnic would be June 27th at 6 p.m.
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10. Adiournment
JON MORPHEW MOVED TO ADJOURN THE MEETING AT 7:01 P.M. TRACY
HINZ SECONDED THE MOTION. MOTION CARRIED, 5-0.
Recorder: Jacob Thunander -F
Approved: February 12th, 2020
Attest:
J' Thares, Economic Development Director
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