EDA Meeting Minutes - 10/12/2022MINUTES
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, October 12th, 2022 — 6:00 p.m.
Mississippi Room, Monticello Community Center
Commissioners Present: President Steve Johnson, Vice President Jon Morphew, Treasurer
Tracy Hinz, 011ie Koropchak-White, Hali Sittig and
Councilmembers Lloyd Hilgart and Jim Davidson
Staff Present: Executive Director Jim Thares, Hayden Stensgard
1. Call to Order
President Steve Johnson called the regular meeting of the Monticello EDA to order at
6:00 p.m.
2. Roll Call
Mr. Johnson called the roll.
3. Consideration of additional agenda items
None
4. Consent Agenda
a. Consideration of Approving Regular Meeting Minutes — July 27, 2022
b. Consideration of Approving Workshop Meeting Minutes — August 10, 2022
c. Consideration of Approving Regular Meeting Minutes — August 10, 2022
d. Consideration of Approving Regular Meeting Minutes — August 18, 2022
e. Consideration of Approving Payment of Bills
Lloyd Hilgart moved to approve the October 12, 2022 regular meeting consent agenda.
Hali Sittig seconded the motion. Motion carried unanimously, 7-0.
Regular Agenda
5. Consideration of Resolution No. 2022-29 authorizing a Master Amendment Agreement
to the EDA 5140.000 GMEF Loan Agreement with Sota Car Wash. LLC dba Due North
Executive Director Jim Thares provided an overview of the agenda item to the EDA and
the public. The amendment to the Loan Agreement between the EDA and Due North Car
Wash in Monticello is for site improvements. It also includes an additional partner who
will become part of the Loan Agreement. Some examples of site improvement this
amendment would support include added vacuums and a new pylon sign.
JIM DAVIDSON MOVED TO ADOPT RESOLUTION NO. 2022-29, APPROVING A MASTER
AMENDMENT AGREEMENT TO THE EDA'S $140,000 GMEF LOAN TO DUE NORTH. LLOYD
HILGART SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 7-0.
6. Consideration of Resolution No. 2022-30 authorizing a Purchase Agreement with
Moon Motors for the acquisition of a 1.46 -acre parcel described as Lot 1, Block 1,
Oakwood Industrial Park, 3rd Addition (9699 Fallon Avenue), in the amount of $300,00
Mr. Thares provided an overview of the agenda item to the EDA and the public. In
relation to the Washburn Computer Group expansion that the EDA had been aware of,
Moon Motors is interested in selling the noted property South of the current Washburn
site. This item is a companion item to items #7 and #8 on the agenda, as Moon Motors
had requested an opportunity to build a warehouse facility on an EDA property located
in Otter Creek Business Park.
LLOYD HILGART MOVED TO APPROVE RESOLUTION NO. 2022-30, AUTHORIZING A
PURCHASE AGREEMENT WITH POWERSPORTS SERVICES, LLC. AND PLATINUM
TECHNOLOGIES, LLC. FOR THE ACQUISITION OF 1.46 INDUSTRIAL PARCEL IN THE
AMOUNT OF $300,000, CONTINGENT ON THE PLANNING COMMISSION REVIEW FOR
CONFORMITY WITH THE COMPREHENSIVE PLAN. JON MORPHEW SECONDED THE
MOTION. MOTION CARRIED UNANIMOUSLY, 7-0.
7. Consideration of Resolution No. 2022-31 authorizing an Option Agreement with
Washburn Computer Group for a 1.46 -acre industrial parcel described as Lot 1, Block
1, Oakwood Industrial Park, 3rd Addition
Mr. Thares provided an overview of the agenda item to the EDA and the public. A
companion item to item #6 on the agenda, the Option Agreement would provide
Washburn Computer Group the opportunity to utilize the lot to the South of their
facility for an expansion.
Vice -President Jon Morphew asked if Washburn has expressed interest in the Option
Agreement. Mr. Thares noted they were aware of all the pertinent land decision steps
and the specific option documents. Washburn's feedback about the document
indicated that they are okay with the proposed pricing format and crediting against the
land purchase price as well as the agreement timeline.
Mayor Lloyd Hilgart asked if the option price is renewed every year. Mr. Thares
confirmed and noted that they would pay $50,000 this year and if nothing occurred
within that year, an additional $50,000 would be paid to the EDA and so forth.
TRACY HINZ MOVED TO APPROVE RESOLUTION NO. 2022-31 AUTHORIZING AN OPTION
AGREEMENT WITH WASHBURN COMPUTER GROUP, LLC FOR A 1.46 -ACRE INDUSTRIAL
PARCEL LOCATED AT 9699 FALLON AVENUE IN THE AMOUNT OF $55,000 OPTION
PREMIUM AND A PURCHASE PRICE OF $300,000. HALI SITTIG SECONDED THE MOTION.
MOTION CARRIED UNANIMOUSLY, 7-0.
8. Consideration of Resolution No. 2022-32 Authorizing a Preliminary Development
Agreement (PDA) with Moon Motors for a 9.764 -acre parcel in Otter Creek Business
Park (OCBP) described as, Lot 1, Block 1, Otter Creek Crossing, 7' Addition, for an
industrial warehouse development project
Mr. Thares provided an overview of the agenda item to the EDA and the public noting
this is a companion item to Items 6 and 7. Moon Motors, is interested in building a
warehouse facility in the Otter Creek Business Park, contingent on the sale of the 1.46 -
acre lot located at 96799 Fallon Avenue to the EDA. Moon needs a general warehouse
facility to serve as a storage and light assembly facility for its dealership and is
interested in obtaining an EDA -owned property in Otter Creek for this proposal.
Comments from the Moon Motors team related to the PDA were received the day of
the meeting. Mr. Thares noted that they had accepted the draft agreement that is
included in the agenda.
JON MORPHEW MOVED TO ADOPT RESOLUTION NO. 2022-32, AUTHORIZING A PDA
WITH MOON MOTOR FOR A 9.764 ACRE DESCRIBED AS LOT 11 BLOCK 1, OTTER CREEK
CROSSING 7T" ADDITION, LOCATED IN OTTER CREEK BUSINESS PARK. OLLIE
KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 7-0.
9. Consideration of authorizing a Right of Entry for Headwaters Development for EDA
owned property described at Outlot A, Country Club Manor, 16.71 acres, for the
purposes of site excavation and grading activities related to the apartment and twin
home development proposals
Mr. Thares provided an overview of the agenda item to the EDA and the public.
Headwaters Development is preparing to close on the EDA -owned property and has
requested a right -of -entry to begin work prior to owning the property. The developers
are required to submit a grading plan and apply for their grading permit before they will
be able to do any of that work on site.
LLOYD HILGART MOVED TO AUTHORIZE A RIGHT OF ENTRY WITH HEADWATERS
DEVELOPMENT FOR THE EDA OWNED PROPERTY (COUNTRY CLUB MANOR) ALONG 7T"
STREET WEST FOR THE PURPOSE OF EXCAVATION AND GRADING ACTIVITIES,
CONTINGENT ON THE STATED CONTINGENCIES. JIM DAVIDSON SECONDED THE
MOTION. MOTION CARRIED UNANIMOUSLY, 7-0.
10. Economic Development Manager's Report
Mr. Thares provided an overview of the agenda item to the EDA and the public.
11. Recognition of Jim Davidson's service on EDA
The EDA recognized Councilmember Jim Davidson"s 7 years of service on the Monticello
EDA. The October 12, 2022 regular meeting was the councilmember's last meeting as an
EDA commissioner.
12. Adjourn
TRACY HINZ MOVED TO ADJOURN THE REGULAR MEETING OF THE MONTICELLO EDA.
HALI SITTIG SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 7-0. MEETING
ADJOURNED AT 7:02 P.M.
Recorded By: Hayden Stensgard /
Date Approved: December 14, 2022
ATTEST:
Executive Director