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EDA Minutes 06-23-1998 . . , MINUTES MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY Tuesday, June 23, 1998 - 7:00 p.m. City Hall MEMBERS: Chair Ron Hoglund, Vice Chair Barb Schwientek (tardy), Roger Carlson, Bill Demeules, and Darrin Lahr. MEMBERS ABSENT: Clint Herbst and Ken Maus. STAFF PRESENT: Ollie Koropchak, Executive Director STAFF ABSENT: Rick Wolfsteller, Treasurer GUEST: Bruce Hamond 1. Call to order. Chair Hoglund called the BDA meeting to order at 7:20 p.m. 2. Consideration to approve the January 20, February 17. and M~y 20, 1998 EDA minutes. Bill Demeules made a motion to approve the January 20, February 17, and May 20, 1998 EDA minutes. Seconded by Ron Hoglund and with no additions or corrections, the minutes were approved as written. 3. Consideration of adding agenda items. No items were added to the agenda. 4. Consideration to review for approval/disapproval the DMRF application for 232 West Broadway. Bruce Hamond owner of the property located at 232 West Broadway informed the EDA ofa three-year lease with Rachel's, a consignment shop. The rehab plans includes replacement of the roof, supports, and front by end of August. The exterior front and west side of the building will be refaced with clapboard including removal of asbestos behind the original wood and artificial brick. The front air conditioner will be moved to the side, the upper front windows will remain and be sealed, the lower front aluminum windows to receive wood facing and painted, and the clapboard exterior painted an appropriate color to retain its original 1850s look. Hamond would like to tie into the Shingobee project for parking access, a survey has been ordered for the rear property line to determine potential accessibility. 1 . . . EDA MINUTES JUNE 23, 1998 Koropchak noted the application did not include rehab estimates from a contractor for the front and side, the $22,800 was the estimate for the rear only. Hamond informed commissioners he would be meeting with Paul Becker Construction on Thursday and would submit the correct allocation for the front and side. The application indicated a total front and side cost of $10,800. Hamond reported the rear building size was reduced from its original rehab plan in order to utilize the existing footings to retain the original size of the structure. The once rear apartment was rebuilt for office space at a cost of approximately $22,800. This was completed in April or May of 1998. Hamond indicated future considerations are front awnings, perpendicular sign and second-floor finished as is ideal for book store. Schwientek felt the rear improvements were generous and also suggested to encourage rehabilitation, building histories be written and published. Damn Lahr made a motion to approve DMRF in the amount of $2,500 for front facade and signage, $2,500 for rear facade, and $2,500 for side facade improvements and $500 for fee reimbursement at 232 West Broadway subject to submittal ofthe allocated front and side improvement estimates as documentation. Disbursal of the matching grant funds in the amount of $5,000 subject to compliance of the facade designs as recommended by DAT, compliance of codes and ordinances by the Building Official, and evidence of payment of approved improvement costs. The approved funding becomes null and void March 23, 1999. The EDA found the rear improvements to be generous and building size consistent to the original size; therefore, they approved funding for the rear improvements. Bill Demeules seconded the motion and with no further discussion, the motion passed unanimously. 5. Consideration of Executive Director's report. EDA members acknowledged the reminder letter mailed to Froslie and Johnson relating to the non-performance date of their respective approved funding. The EDA requested the Executive Director prepare and mail a follow-up letter to Froslie and Johnson requesting the applicant submit a formal letter detailing the time frame for completion ofthe facade improvements and requesting an extension. Damn Lahr made a motion to accept the director's report as written. Seconded by Roger Carlson and with no further discussion, the motion passed unanimously. 2 . . . EDA MINUTES JUNE 23, 1998 6. Adjournment. The EDA meeting adjourned at 8: 15 p.m. (J\)lcQ ~0 ~D:'~ Ollie Koropchak, Executive Director 3