HRA Agenda 02-06-2002
.
AGENDA
MONTICELLO HOOSING AND REDEVELOPMENT AUTHORITY
Wednesday, February 6,2002 - 7:00 p.m.
505 Walnut Street - Bridge Room
Chair Dan Frie, Vice Chair Brad Barger, Steve Andrews, and Darrin Lahr.
Commissioners:
Brian Stumpf.
Council Liaison:
Staff: Rick Wolfsteller, Ollie Koropchak, and Lori Kraemer.
Guest: Eric Bondhus, T. J. Martin. Inc.
I. Call to Order.
2. Consideration to approve the January 2, 2002 HRA minutes.
3. Consideration of adding or removing items from the agenda.
4. Consent Agenda.
A. Consideration to approve the Certificate of Completion for IR.T!.
.
B.
Consideration to adopt a resolution requesting the City Council call for a public
hearing on the modification of the Redevelopment Plan of CMRP No.1, and
establishment of the TI1" Plan for TIF District No. 1-29 (Housing District).
5. Consideration to hear request relative to Tax Increment Deficiency for TJ. Martin.
6. Consideration to recommend a candidate to the Council for appointment as \-IRA
Commissioner.
7. Consideration to approve entering into the Contract for Private Development between
Hans I lagen Homes, HRA and City of Monticello.
8.
9
10.
11.
12.
. 13.
Consideration to review returned non-binding letters of intent for Block 52.
Consideration of authorizing payment of January HRA bills.
Consideration of Executive Director.s Report.
Committee Reports: Marketing - Barger
Other Business.
Adjournment.
.
MIN1JTES
MONTICELLO HOlJSING AND REDEVELOPMENT AUTHORITY
\Vednesday, January 2,2002 - 7:00 p.m.
505 Walnut Street - Bridge Room
Commissioners:
Chair Dan Frie, Vice Chair Brad Barger. Steve Andrews, and Oarrin Lahr
Absent:
Council Liaison Brian Stumpf
StatT Prcsent:
Ollie Koropchak, .letT O'Neill and Lori Kracmer
1. Call to Order.
Chair Frie called the meeting to ordcr at 7:05 PM.
2. Consideration to a ro\"e the November 14, :001 I-IRA Worksho minutes.
A MOTION WAS MADE BY DARRIN LAl-IR TO APPROVE TI-IE MINUTES OF
THE NOVEMBER 14. 2001l-1RA WORKSHOP. STEVE ANDREWS SECONDED
THE MOTION. Motion carried unanimously.
A MOTION WAS MADE BY STEVE ANDREWS TO APPROVE THE MINUTES OF
THE DECEMBER 5. 2001 I-lRA MEETING. BIZ...D BARGER SECONDED THE
MOTION. Motion carried unanimously.
.
..,
..J.
Consideration of addin~ or removin~ items from the a Jenda.
Koropchak added item 12 regarding the O'Connor property.
Jeff O'Neill added to itcm 7 an update on the comprehcnsive plan.
4. Consent Auenda. None.
5. Consideration to a J rove amcndino thc Contract for Private Redevelo Jment hetween
lYlaster's fifth Avenue. Inc. and the HRA.
Koropchak advised that at the Decemher I-lRA meeting the commissioners approved
additional assistance in an amount not to exceed $30.000 for parking lot development on
the I-Iamond and Fluth/City pareel from TIf District 1-22 Surplus Dollars. The additional
up-front TIF assistance \vill he not to exceed $30,000 upon submission of evidence of
construction completion and payment
.
HRA Minutes - 01/02/02
.
Fluth and his architect received DAT approval fClI' design, subject to certain quality of
exterior material. on Decemher 18 \vith the signage design referred to the Building
Official. The project. no longer kno\vn as the Amoco site. is noW "Landmark Square"'.
Attorney Greensweig amended the Private Redevelopment Contract.
A MOTION WAS MADE BY BRAD BARGER TO APPROVE THE AMENDMENT
TO THE CONTRACT FOR PRIVATE REDEVELOPMENT BETWEEN THE !--IRA
AND MASTER'S FIFTH AVENUE. INC. DARRIN LAl-IR SECONDED THE
MOTION. Motion carried unanimously.
6. Consideration to revie\v returned non~bindinu letters of intent for Block 52.
Koropchak <1lhised that she rnet with Kathy Froslie (very interested), Steve Johnson (very
interested). Scott Douglas (not interested but willing to make facade improvements to tie
in with a new project), Poirer (in Texas. voice-mail \ventto his attorney. l11ailed letter of
intent to attorney). Springborg (very interested). did not meet with Heaton (not interested
but l11ailedletter of intent). and Kjellberg never returned phone call for appointment
(l11ailedletter or intent). Each party was asked to return the letter of intent by January 2.
2002. The intcnt or the lettcrs was to define feasibility and boundary lines for a potential
project.
Koropchak also stated that Steve Johnson was interested but had not gotten the letter sent
off. Johnson adviscd that he would get the \ctter of intent to Koropchak. She noted that
she will continue to work on this and it \vas noted that with the intcrested parties and the
City lot. it amounted to approx. 3/4 of the block.
Consideration of SLl) Jortinh'. recommendation from IDC to ace uire a sitc for industrial
develo Jment _ location of the site ossible Remmele site or Industrial ortion of the (Jold
Nuuuet parcel.
JetT ()"Neill provided the staff report providing the members with a copy of the updated
long range land use map. I-le noted that the City Council reviewed this map several
weeks ago and made their recommendation. O'Neill noted that the upper northwest
corner is zoned industrial and this is in agreement with the Township and the City.
O'Neill noted that the main change in the plan is that the fanner Bohanen property is
currently zoned Industrial and the change would be to split it between
Industrial/Residential. \\ith the residential lying adjacent to the Silver Springs Golf
Coursc.
.
7.
Brad Bargcr addcd that the recommcndation from the t'v'larkcting Committee \vas to get an
industrial sitc plan in placc and move ahead. Koropchak advised that the
""')
.
IIR^ Minutes - 0 I /02/02
.
recommendation outlined in the agenda \vas from the IDC but she did state that the IDC
had stated. in their motion that they \vanted "control of a site fClI' industrial development
and to commit to construction completion in 2002". O'Neill stated that he did not think
that thc intent was to have construction completion by 2002 as this did not seem like a
logical time frame.
There was discussion on whether the I-lRA should specify the industrial land to be thc
Remmc\c parcel or the Gold Nugget parcel. O'Neill advised that the City should kno\v
the status of the Gold Nugget parcel in the next few weeks and suggested the HRA hold
off on the requcst for re-zoning of the Remmele parcel until that time. It was also noted
that the Rcmmcle parcel has utilities in place already.
The HRA asked about o\vning and marketing an industrial park and it was stated that they
could do this. Dan"in Lahr stated possibly the HRA should advise the City Council and
Planning Commission that they would. like to own an industrial park and have a plan in
place \vithin the next 18 months. After further discussion the HRA decided that they
would like construction to begin in the Spring if2003. with the parcel platted. utilities in
place. and o\vncd by the City.
.
A MOTION WAS MADE BY BRAD BARGER TO RECOMMEND TO THE
PLANNINCJ COMMISSION AND THE CITY COUNCIL TO HAVE A COMPLETED
INDUSTRIAL PARK OWNED BY THE liRA/CITY WITH LOTS READY TO SELL
IN APRIL OF 2003. DARRIN '_j\I-IR SECONDED THE MOTION. Motion carried
unanimously.
8. Consideration to set a date for interviewin!.! candidates for a - ointment to the HRA.
Koropchak advised that she ran an ad for tvvo weeks in the shopper and Monticello TilT\es
for I-IRA commissioners. stating there were five inquiries and that she had encouraged
people to fill out applications. There was only one application turned in by today's date.
Korpchak asked if the HRA would like her to run an ad again for 2 more weeks due to the
ad being previously run during the holidays and a slow response. The HRA concurred.
Lahr also advised to post the ad on the bulletin board at the Community Center, in the
Chamber ne\vs\ctter and use the Chamber sign on the Corner of Hwy 25/Broad\vay.
9. Consideration of authoriziml payment of December HRA bills.
A MOTION WAS MADE BY DARRIN LAHR TO AUTHORIZE PAYMENT OF THE
DECEMBER I IRA BILLS. BRAD BARGER SECONDED TI-IE MOTION. Motion
carried unani mouslv.
. .
3
.
I-IH.^ M in utes - 01102/02
.
10.
Consideration of Executive Director's Re ort.
Koropchak provided the report aclding that Hails Hagen had provided a concept plan for
the members to review.
Koropchak also provided a letter from Mike Cyr to Rick Wolfsteller. as well as
Wolfstcl\cr's response.
11. Committee Reports: Marketing ~ Barger - This was reportecl uncler item 7 of the agencla.
12. Other Business
Koropchak advised that she had heard from the HRA Attorney regarding the appointed
cOlT\lnissioner's award on the O'Connor parcel and the motion suggested by the Attorney.
COMMISSIONER DAN FRIE MOVED THAT THE EXEClJTIVE DIRECTOR BE
DIRECTED TO PAY THE AMOtJNT Of DAMAGES AWARDED BY THE COURT
APPOINTED COMMISSIONERS TO MICHAEL O'CONNOR IN CONNECTION
WITH THE HRA'S CONDEMNATION OF 218 FRONT STREET. AND THALIF
THE OWNER APPEAL THE AWARD. THE HRA'S ATTORNEY BE DIRECTED TO
APPEAL THE AWARD ON BEHALf OF THE HRA. THE MOTION WAS
SECONDED BY COMMISSIONER BRAD BARGER. AND PASSED.
.
13.
Adiollrnment.
A MOTION WAS MADE BY BRAD BARGER TO ADJOURN THE MEETING AT
9:25 PM. STEVE ANDREWS SECONDED THE MOTION. Motion carried
unanimously.
BRA Chair
-+
.
.
.
4A.
.
lIRA Agenda - 2/6/02
Consideration to a rove the Certificate of Com letion for Blue Chi .
A. Reference and Backl!round:
This is a housekeeping item, TIF District No. 1-28 was created to assist Integrated
Recycling Technologies, Inc, with land write-down. As part of the Contract for Private
Development, the minimum improvements were scheduled for completion by November
30,2001, Attached is a copy of the Certificate of Occupancy issued by the Building
Official dated November 16,2001.
B. Alternative Action:
1. A motion to approve the Certificate of Completion for IRTl.
2. A motion to deny approval of the Certificate of Completion for IRTI.
3. A motion to table any action.
C. Recommendation:
The recommendation is Alternative 1.
D.
Supportinl! Dat~l:
Certificate of Completion and Certificate of Occupancy.
-~,.,~.....".!~,--..-',:",~'_..- '"~,. '.. . -,", ~.......,~--
''''''."'''':" '''~- - .:" .~.":".:". .-
CERTIFICATE OF COMPLETION
.
The undersigned hereby certifies that Integrated Recycling Technologies Corporation (the
"Developer") has fully complied with its obligations under Nticles III and IV of that document
titled "Contract for Priyate Development," dated ,2001 among the City of
Monticello, Minnesota, the Housing and Redevelopment Authority in and for the City of
Monticello, Minnesota and the Developer, with respect to constroction of the Minimum
Improvements on the property described in Exhibit A thereto in accordance with the Construction
Plans, and that the Developer is released and forever discharged from its obligations to construct of
the Minimum Improvements under Articles III and IV,
Dated:
,200_,
HOUSING AND REDEVELOPMENT
AUTHORITY IN AND FOR THE
CITY OF MONTICELLO, MINNESOTA
By
Its Chair
. By
Its Executive Director
ST ATE OF MINNESOTA )
) SS,
COUNTY OF \VRIGHT )
The foregoing instrument was acknowledged before me this _ day of ,20_,
by and ' the Chair and Executive Director of the
Housing and Redevelopment Authority in and for the City of Monticello, Minnesota, on behalf of
the Authority,
Notary Public
THIS DOCUMENT DRAFTED BY:
Kennedy & Graven, Chartered
470 Pillsbury Center
200 South Sixth Street
Minneapolis, Minnesota 55402
(612) 337-9300
.
D.lG.19812W3
MN190-91
.
.
.
EXHIBIT A
LEGAL DESCRIPTIONS
That property located within the city of Monticello, Wright County, Minnesota and legally
described as follows:
Lot 3, Block I of Monticello Commerce Center 5th Addition
J)J(j_IIJX 121)VJ
MN Il)().()j
^~l
'>J
"" ,,\
'-
~ l.., \0
.., ~ "'I ......
.~ ..... 0
0 '- "t \r, 0
g ? N
>. { ::::
. "!'""I ~G .t: 0... ~ >D
~ g ......
Q ~ "-' '- ~ :-
--. -. ~ ::::::: ~
Q ~ .~ <:..J ::: ..Q
Q:;j --. ..... ~ "-'
~ CU - .... ~ ~ '-> S
'- '- - "-
~. ~ 0\ '- CJ
'" .~ ... ;;- V
~ ~. "-' -2 I -. ~ 0
ro ~ -. r::; ..... Z 0
:.3 ..:::; ~ -. z
ill '-' ~
~ -- ""
0 ~ ~ [ ~ ,~l: ~ ;.; Z
c.i ..., ....
~ ? "" .~ ~ :::: 0
~ ~ ~ :..; ::i '- '- ~ Q -
:::: '.., ~ ~ r-
c:;-" '- '-> ..... ~ U
~ ::s ;: "'t
Q CU ~ -. "" "-> C'Q U ~
~ ..... ..., 0... "- --< ~
'- ...,
Q Q ~ ..... :::: ...... (fJ
~ ; 0 ~~ ~ ...J Z
. ~ :..; 0..
0 . "!'""I "-' "-' ......
~ ~ ~ :5 :::: if1 ......l
~ r-d :~, a ~ ~
- '-' CCl 0 Z
"" ""
, . ~ ;::; ~.( ~ - .
0 "" c...
'-.:
"-' -- -- u
~ ;j -- - r-
~ .~ ~ .~ 0.. ~
0 '-' - [f]
~ ~. 0
~ ~ "" ~(. z c.-;
t ~ '2 0 r-
~ ~ .......: :: U ~
C) ~ .~.~ ......l
0 "" "':::..( --< p..
~ 0 ...... ~ ?-J Z :;E
.3 - - 0
ro t- "-' .S' f- u
~ "" "'"'- :....; if1 r-
U " '- ~ 0
~ ~ ~
. ~ -- ~ 0.. >-
~ U -- "2, ....
. CU '"' ~ r-
~ ~ --.. "" -- 0
S "" ~' ~ "'t
~ .:::; - - z
. "-' .~ '::;: - (fJ
,- '"'
~ -' - ::::::: -
~ '--. .::: ~
:..; ...... --.. ~
'- '"' ~
M ~ '~. ?-J ~
~ - \0 e:: t
C) ro "-' -2 :(: 0\ ..... ..... ?:
\0 k. I
'-' 0\ -. ..;..
U ~ "" '-'
,-;
~ - " ", ~, ",
CU ..., .... "-' ';:::
..., == .~ ~ ;:;-
0 ~ ;::: '- h' Q
~ \:I .~ ~
"'r: Q .....
'-
~t .s~ "-
~ .~
"- ;:
::: '- CQ
'- ~ ~
CQ G
.
4B.
.
.
HRA Agenda - 2/6/02
Consideration to ado t a resolution re( uestin the Cit Council call for a ublic
hearinl! on the modification of the Redevelopment Plan of CMRP No.1 and
establishment of the T1F Plan for TIF District No. 1-29 Housin District).
A. Reference and backl!round:
Back on November 14,2001, the l-IRA approved pay-as-you-go TIF assistance in the
amount of $163,000, 18 units at an EMV of $148,410 per unit with the initial deposit of
$5,000 for the Mike Cyr housing project. Interest rate to be negotiated. Subject to
execution of a Private Redevelopment Contract by February 2002,
Front Porch (Mike Cyr) has submitted the $5,000 deposit and will execute the
Preliminary Development Agreement January 30,2002. Mark Ruff and Dan Greensweig
have been authorized to begin preparation of documents,
A couple of changes to the initial TlF casht1ows: Build-out time changed from 6 units pcr
each first and second year and 2 units in third year to 6 units per year over three. This
may reduce the amount of tax increment; however, the local tax rate is 145.771%. An
estimated tax rate of 138% was previously used. Tax increment will be collectcd 15
years from the first date tax increment is received, interest to be 7.25%, and 20% of the
tax increment will be retained by the lIRA. The Private Redevelopment Contract would
be approved by the IIR^ at their March meeting not February 2002, 95% of the 18
owner-occupied units lYlust be occupied by income qualified hlmilies, Developer must
submit evidence for the "but for" test.
The developer would like to elose on acquisition of the properties: vacated street, Ruff,
and Grubb on Fcbruary 28 and commence construction April 1,2002,
This is the normal process to establish a new TIF District and later the HRA will review
the TIF Plan and Private Redevc10pment Contract. If you have objections to the change
of build out time, please so advise.
B. Alternative Action:
1. A motion to adopt the resolution requesting the City Council call for a public
hearing on the modification of the Redevelopment Plan of CMRP No. I, and
establishment of the TIF Plan for TIF District No. 1-19 (Housing District). Mike
Cyr applicant.
2. A motion to deny adoption ofthe resolution.
.
.
.
BRA Agenda - 2/6/02
-.
j.
^ motion to table any action.
C. Recommendation.
Rccommendation is alternative no. I. The proposed project received preliminary
approval for use of TIF by the Council. Since this is the pay-as-you-go finance method,
the developer is at risk at being rcimbursed the full $163,000 NPV due thc changes in thc
build out time. The new TIF Cashflow by Ehlers will answer that qucstion.
D. Supporting: Data:
Resolution for adoption, TIF schedule and casht1ows.
2
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF MONTICELLO
RESOLUTION NO.
.
RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF MONTICELLO
CALL FOR A PUBLIC HEARING ON THE MODI FICA liON TO THE REDEVELOPMENT
PLAN FOR CENTRAL MONTICELLO REDEVELOPMENT PROJECT NO. 1 AND THE
ESTABLISHMENT OF THE TAX INCREMENlFINANCING PLAN FOR TAX
INCREMENT FINANCING DISTRICT 1-29 (A HOUSING DISTRICT) THEREIN. -
_._,"" u." ,,,.,'~ ." .
. c,',.,-.:"
-"~"-'-"
BE IT RESOLVED, by the Board of Commissioners (the "Bmlrd") of the Housing and Redevelopment
Authority of Monticello, Minnesota (the "HRA") as followS:
. . .~,\"i.'<'"~,,, ,',,' ,....".,:""., .,' .
".\0"-'. _"_" ,
_,'_ -WHEREAS, the City Council (the "Council") of the City of Monticello, Minnesota (the "City")
established Central Monticello Redevelopment Project No. 1 pursuant to Minnesota Statutes, Minnesota
Statutes, Sections 469.174 through 469.179, inclusive, as amended, in an effort to encourage the development
and redevelopment of certain designated areas within the City; and
WHEREAS, the HRA is proposing a Modification to the Redevelopment Plan for Central Monticello
Redevelopment Project No. I and the establishment of the Tax Increment Financing Plan for Tax Increment
Financing District No. 1-29 therein, pursuant to, and in accordance with, Minnesota Statutes, Sections
469.l74through469.179, inclusive, as amended; .'
~.~
Tt)~RJ::FO~E BE IT RESOLVED by the Boa~:~~~f~~?~~:1{;,;;):<tJ;;,,\'i;~n;,.it'-~;\:"~'
- -
I. . The HRA hereby requests that the Council call for a public hearing on'March25, 2002 to consider the
proposed adoption of a Modification to the Redevelopment Plan for Central Monticello Redevelopment
Project No. 1 and the proposed adoption of the Tax Increment Financing Plan for Tax Increment
Financing District No. 1-29 (collectively, the "Plans") and cause notice of said public hearing to be- given
as required by law.
2. The HRA directs the Executive Director to transmit copies of the Plans to the Planning Commission of
the City and requests the Planning Commission's written opinion indicating whether the proposed Plans
are in accordance with the Comprehensive Plan of the City, prior to the date ofthe public hearing.
3. The Executive Director of the HRA is hereby directed to submit a copy of the Plans to the Council for its
approval.
4. The HRA directs the Executive Director to transmit the Plans to the county and the school district(s) in
which Tax Increment Financing District No. 1-29 is located not later than February 22,2002.
5. Staff and consultants are authorized and directed to take all steps necessary to prepare the Plan and
related documents and to undertake other actions necessary to bring the Plan before the Council.
.
Approved by the Board on February 6,2002.
Chair
ATTEST:
.
~";
SCHEDULE OF EVENTS'
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
AND THE
CITY OF MONTICELLO
.
FOR THE MODIFICATION TO THE REDEVELOPMENT PLAN FOR THE
CENTRAL MONTICELLO REDEVELOPMENT PROJECT NO.1
AND THE ESTABLISHMENT OF THE TAX INCREMENT FINANCING PLAN
FOR TAX INCREMENT FINANCING DISTRICT 1-29
(a housing district)
As of January 31. 2002
February 6, 2002 HRA requests that the City Council call for a public hearing.
FebrUllry6,2002 Project information, property identification numbers, and maps sent to Ehlers &
. Associates for drafting documentation.
February 11,2002 City Council calls for public hearing on the modification of the Redevelopment Plan
for Central Monticello Redevelopment Project No. I and the establishment of Tax
Increment Financing District No. 1-29.
February 12,2002 Letter received by County Commissioner glvmg notice of potential housing tax
increment financing district (at least 30 days prior to publication of public hearing
, notice). - [Faxed and mailed by FebruaryJ1, 2002J
.(I._;;~~)'.1;,C'"'''i~~~'!i'i~~~~'tWi:.:t;:~.~:,\~lt,,,;lii";~';!"';;1;:~PJi"'i:;;;:'f;... .......;.
February 22, 2002 _ Fiscal/economic implications received by School District and County Board (at least 30
days prior to public hearing). [Faxed and mailed by February 21, 2002J
, .. ; "o"March 1, 2002 ~~7r~ ;::~i:';;i~':Yow~~~~r building permits have been issued on lbe prope'}Y ;t~ tx;, ","
.
March 5,2002 Planning Commission reviews Plans to determine if they are in compliance with City's
comprehensive plan.
March 6, 2002 HRA considers the Plans.
March 11,2002 Ehlers reviews Plans.
March 14,2002 Date of publication of hearing notice and map (at least 10 days but not more than 30
days prior to hearing). [Monticello Times publication deadline Monday, March I I,
2002J
_ .,._ March 25,,2002. City,. Council holds public hearing at 7:00 P.M. on the modification to the
Redevelopment Plan for Central Monticello Redevelopment Project No. 1 and the
establishment of Tax Increment Financing District No. 1-29 and passes resolution
approving the Plans. [Council packet information sent by March I5, 2002J
By April 30,2002 Ehlers certifies Plans with county and state.
*Because the City staff believes that the proposed tax increment district will not require unplanned county road improvements, the TIF
Plan will not be forwarded to the County Board 45 days prior to the public hearing- The County Board, by law, has 45 days to review the
plan to determine if any county roads will be impacted by the development Please be aware that the County Board could claim that tax
increment should be used for county roads, even after the public hearing.
.
e ' ~.~~,~,~,~
.
.
.
HRA Agenda - 2/6/02
5.
Consideration to hear re uest relative to Tax Increment Deficienc for T. ..1. Martin
Inc.
A. Reference and background:
I received a telephone call from Eric Bondhus relative to the letter dated January 14,
2002. The letter recapped the accumulated tax increment deficiency and the balance due
on January 2S, 2002. Because the property taxes for one-half of payabJe year 2001 are
delinquent and remain so as of January 29, 2002 ($6,304.74 as of January 31,2002
including penalties per Auditor's Office), the deficiency balance amount is $11,117. If
the property taxes had been paid, it is estimated the deficiency balance amount would be
$7.413. Given the current income stream and assuming taxes arc current, the estimated
deficiency balance on August 1, 200S would be approximately $17,000.
Letters were written to T. J. Martin, Inc. on the following dates: August 2, 1999,
September 17, 1999, December 2000, January 12, 2001, and January 2002.
Per the lctter of January 2002, Mr. Bondhus was told of the BRA meeting of February 6
and requested to be on the agenda. He asked, how the TIF estimates could be so far off?
In 1996, the class rate for c/i were 3(Yo for first $IS0,000 and 4.6% over $ISO,OOO and the
tax rate was frozen at 11 0.S81 o;(). Since that time, the class rates have continually
decreased to a rate in 200 I of l.YYrI for first $ISO,OOO and 2% over $IS0,000, and the tax
rate has increased. This is one of the last up-front TIF assistance in the amount of
$37,900 for land and site improvement costs. An Assessment Agreement has the
estimatcd market value listed at least $240,000 which has not been a problem. The
construction completion datc was scheduled for October 1, 1997, per the Contract and the
Certificate of Completion was issued December 1, 1997. The up-front TIF assistance
was a loan from the HRA General Fund at 8.25% interest rate, accrual date was
December 7, 1997.
Per the Contract, the lastTIF payment date is August 1, 200S. The BRA elected to
decertify the district as early as possible to avoid the LGA/HACA Match or Penalty.
Legislators did away with the Match/Penalty effective 2002. The maximum life of the
district is 11 years or November 2007.
To bc consistent with past tax increment deficiencies, the business was advised annually
ofthe dcficiency and within the last year of tax incremcnt due, the HRA approved
payments of the tax deficiency in three equal annual payment without interest. Howcver,
thc difference with this district is the TIF payments are due another four years (August
200S) and the property tax payment at the County have bcen delinquent twicc.
HRA Agenda - 2/6/02
.
In conversation with the lIRA Attorney, amending the Contract may only add to more
cxpense and he didn't feci that was the answer.
B. Alternative Action:
I. Approve threc equal payments of approximately $2,500 due April 1,2002; April
1,2003; and April 1,2004, upon receipt of evidcnce for payment of current
delinquent property taxes.
! Approvc amending the Contract extending the tax increment payment schedule
through August I, 2007.
3. Approve amending the Contract reducing the intcrest rate.
4. A cOlnbination ofthe above.
5. Continue to notice the tax income deficiency annually and negotiate payment in
2005, the last year of the tax increment payment. Request payment of current
delinquent taxes with evidcnce of payment.
6. Table any action.
.
c.
Recommendation:
This is truly one of those TIF District which was caught in the middle. However, 1'. J.
Martin has been latc with tax payments and the EDA loan. The FDA arranged a direct
deposit payment fi'om the lender. For consistency of previous action by thc H RA: City
Administrator and the Executive Director recommend No.5 or 1.
D. Suoportine Data:
Copy of January 14,2002 Letter.
2
.
January 14,2002
MONTICELLO
Eric G. Bondhus. Vice President
T. 1. Martin, Inc.
1347 Dundas Circle
Monticello, MN 55362
Re: Notice of tax increment deficiency relative to the Contract for Private Development by
and between T. J. Martin. Inc. and the Housing and Redevelopment Authority in and for
the City of Monticello dated April 1. 1997.
Dear Eric:
According to the Contract for Private Development dated April 1. 1997, the Developer agreed to
the following per ARTICLE VI. Tax Increment. Taxes. Section 6.3. Tax Increment Deficiencies.
"{(on any Payment Date the amount o/available Tax Increment is inslIfficientfiJr the
Authority 10 recover the Retention it is due 011 that Payment Date, Ihe Developer shall
pay to the A IIthorily. wilhin 10 days ofwritten demand by the AlIIhority. 0/1 amoll/1t elf IIai
to the dUlerence bet,veen Ihe amount of the Retention Ihut the Authority lI'as enlilled 10
recover oul or-lvuilah/e Tax Increment pursuant 10 Ihe Paymenl Tahle and lhe wnount it
([eluully recovered, The Developer herehy ucknmv/edges thutthe Ull101ll1t ofAmi/ublt'
Tax Incrernent is subject to chunge in State lu1l' und calcI/lation hy the Stule (/ml County
and thaI any SI/ch variution shull nol in/pair the Authorit}"s rights hereunder, "
.
Attached as Exhibit A. is an annual recap of the actual tax increment collected since August l.
1999, Available Tax IncremenL the Authority Retention. and the amount of the Tax Increment
Deficiencies as of January, 2002.
Please remit within 10 days following January 15,2002, the tax incremcut dcticiency due in
the amount of 511,117 to the Monticello HRA, 505 Walnut Street, Suite I, Monticello, MN
55362.
.
Monticello City Hall, 505 Walnut Street, Suite 1, Monticello, MN 55362-8831. (763) 295-2711 · Fax:: (763) 295-4404
Office of Public Works, 909 Golf Course Rd.. Monticello, MN 55362 · (763) 295-3 t 70 . Fax:: (763) 271-3272
Mr. Bondhus
January 14,2002
. Page 2
Eric. the HRA will meet on February 6',2002, should you want to negotiate a payment schedule
for the amount due. For questions, please call me at 763-271~3208. Thank you for your
attention to this matter.
Sincerely,
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MONTICELLO. MINNESOTA
C)~ ,\~d1 t)~j)~
Ollie Koropchak
Executive Director
c:
Steve BubuL HRA Attorney, Kennedy & Graven
Rick Wolfsteller, City Administrator
Kevin Weers, First National Bank of Elk River
TIF District No. 1-21 File
.
.
.
il)
.......
c::l 0
0 0
I
r (',1
I
g ~ ('"'1
.~ Q) g 0
:) :::: C
1.,::: ~ ,r, If)
CJ c::l
Dc... 'd"i fA
if.
.~
()
c:
'J
() r--
,- 0 0- r--
"'I- r-- 0 co co r- '-D
il) 0- ~,
C 0 I,rl Ir, 0 ,"
, ('"',1
f= ,r, - 'd"i Ir,
V"r V"r + V"r V"r 'd"i V"r
..-r:
to-
-
CQ ~
- C '-D
. :c ....... rl
X ~ r-- r-- r-- r- r- r-- '1'"
~ ~ 0 0 0 0 0 0 0
tl lr, '-r, lrl 'n 1/~'j ,r, ,". r-
e::::: V7 'd"i fA 'd"i 'd"i fA V7
f= -
-
il) fA
.L 0- if.
c::l rl ('"'1 ..q- 0 ('"'I
r- 'rl CO 0 CO
.~ lr, 0 ..q- r-- r-- c
> 0
0 ," r- ," 0 ," - ('"'.\
< 'd"i 'd"i 'd"i V7 V7 V7 'd"i
.;r)
a
::::
c:
c::l
......
4-
0
v if.
S c::l
u OIl
il) 0- .~
,... CO '-C 0- '-D CO u
G '-D ," '-C r-- ~
0- 00 00 0- Q)
C ,". r- ," 0 -"r ()
r- 'd"i 'd"i V7 W 'd"i 'd"i 'd"i ''=
il)
<- 0
~ -
0 0 0 '-' ('I c:
E 0- 0 0 il)
0 C 0 E
::; 0' 0 0 0 C 0
('\ <,I ('"'I ('"'I <,I 1J
....
c... 2\ =J:l .L; :.1) .L =D .L ()
c::l -' il) -' v :::: il) c:
t- o < c.:.. < (.L. < l.l..
;:$
r:::
. 4-
0- C 0
i 0' 0 C 0 C ,...J
c: 0- C' 0 0 0 0 v
v 0 ('"'1 0 ('"'.1 0 -< u
~ ('.1 ('"'I c:
c: <l) >-. >., ~ t- c::l
x ". ....... .......
~\ c: 8\
c::l ti c::l () ti 0 C;;
~ 0 ~ 0 ~ 0 r- OJ
.
.
.
HRA Agenda - 2/6/02
6.
Consideration to recommend a candidate to the Council for appointment of HRA
Com missioner.
A. Reference and background:
Prior to the regular HRA meeting, the I IRA Commissioners interviewed three candidates
to Cull the vacancy left ny Bon Murray. The five-year term will expire December 2006.
I f the Commissioners arc satisfied with the field of candidates, please select one for
recommendation to the Council. Council will consider this appointment at thc February
II, 2002 meeting.
Some things to consider:
Availability
Commitment
Progressive thinker
Numbers person
Economic development experience
Good fit with HRA Commissioners
B. Alternative Action:
1.
^ lnotion to recommend _._.____-- to the City Council for
appointment as HRA Commissioner, expiration of term Decemner 2006.
2. ^ motion to continue soliciting for additional candidates.
C. Recommendation:
Recommendation is to select one of the three candidates interviewed. An individual
Crom one of the local lending institution was very interested; however, will not reside in
Monticello until August when their home in the Groveland Addition is completed. Good
reference for future.
D. Supllortinl! Data:
None.
.
.
.
HRA Agenda - 2/6/02
7.
Consideration to authorize enterinl! into the Contract for Private Redevelopment
Contract among Hans Hal!cnHomes. Inc.. the BRA. and the City of Monticello.
A. Referencc and backl!round:
On November 14,2001, the HRA determined a selling price of $300,000 for the northerly
one-half of Block 54 based on development cost estimates prepared by staff and the city
engineer consultant for a finished pad-site and extended the effective date of the
preliminary agreemcnt with Hans Hagen Homcs, Inc. to April 2002. Thc motion
included an optional selling price of $225,000 for a non-finishcd pad-site. Mr. Hagen
accepted the selling pricc of $300,000 as a finished pad site.
At a mceting held among the city engineer and planner consultants, stafe and Mr. Hagen;
the dcsign and site plans were discussed. Later the HRA Attorney met with us to gathcr
information for thc Redevelopment Contract. A draft copy of the contract was revicwed
by Ilagen and myself with amendments suggested. It is anticipated the final draft will be
ready for HRA approval on February 6, 2002. The City will be a party to the contract as
the Front Street replacement improvements are part of the project. Mr. Ilagen has
informed me of a new design f100r plan for thc development which was mailed on
January 30. The final draft of the Contract would be presented to the City Council on
February 11, 2002.
Without the revised or final draft of the Contract, no furthcr information is detailed.
B. Alternative Action:
I. A motion to authorize entering into the Private Redevelopment Contract among
Ilans Hagen Homes, Inc., the liRA, and the City of Monticello.
2. ^ motion to deny authorization to enter into the Private Redevelopment Contract
among Ilans Hagen, Inc., the liRA, and thc City of Monticello.
3. ^ motion to table any action.
C. Recommendation:
Assuming thc final draft: encompasses thc suggested and negotiated comments by Hagcn
and the HRA Executive Director, the rccommendation is altcrnative no. 1. The City
Administrator and Deputy Administrator are advised of the uscs and sources for
acquisition, site dcvelopment and public rcplacement costs.
.
.
.
HRA Agenda - 2/6102
8.
Considcration to review rcturned non-binding letters of intent for Block 52.
A. Reference and background:
At the liRA meeting of December 2001, the commissioners elected to contact property
owners for Block 52 and request completion of a non-binding letter of intent. The return
deadline was for the January 2002 meeting. However, we only reeeived one completed
letter of intent from Kathy Froslie. I contacted some of the owners a second and third
time. Both Steve Johnson and BitT Springborg said they are returning the letters. Froslie
called the other day asking of the HRA' s intent. Both Steve and Bi IT said they would
submit the letters by the HRA February meeting.
The purpose of the letter of intents was to define the boundary lines for a project and its
feasibility. (Who's interested and not interested) Attached is a copy ofFroslie letter of
intent. Please keep in mind the importance of confidentiality.
.,"
December 11, 2001
MONTICELLO
(f'
Ms. Kathy Fros1ie
Riverstreet Station LLP
Re: 103 Pine Street
,70 5 I 'I 'f/J ~+. tV. E .
Su ~S.a \0 l"'h~... SS3 f 3 d \ n
, f\\.t? \.., ~ L\ - \ S \ 6 ,"",
^ \) 0 __ <..!.d. :. .
\0 S \ 'd--\ S - ? <l ~ ' ~ 'fr\(~.
7~32 :\ehlu A.G1'ltlc }JE
]\dontic.011PJ M1" L.':: 5 3.62
.._-.~~
,.)
Dear Ms. Froslie:
.
This letter will serve as a non-binding letter of intent and agreement between
~c.l.. w_ ~~o~t~ "S 11" d h .
\.If'\!''..A'D ' F Ie.. ( e er) an t e HOllsmg and Redevelopment
Authority in and for the City of Monticello, Minnesota ("Buyer") to acquire the above-
referenced site. Neither party will be under any legal obligation until a purchase
agreement is finalized and executed by and between the parties.
Buyer:
Housing and Redevelopment Authority in
and for the City of Monticello, Minnesota
Street Address:
~, ~"DS\l~ AN€i, :14afJ<i}\_~~1\J fl._. FROS\/€-
\ () '3 ~ I~ vye .5i~d:L-
Seller: <Vhal!Jnae. \..
Parcel Size:
eu~' 0 l..v~ S I;;;>e
PIN
I i)OOO ~ Fe~1 ~
Legal Description
Purchase Price:
. .~~. ',:
I ".ne~ see. 10 i0 C) ~ Rr lie.L ~ PI yJ e.. ~-I1U..iP
~f>15 OO'D
noli 00 ~llars ($ <0'15 J 000 )
~ ~ ~~(UY)::t:h-L
.,j0-4 ~ ",oaC) ~ ~-\. . blOe; .
~~ .:Vu.- ~ ~~ ~
ove...t- 700 OcJO.. u...-La-. ~ ~ -Two
& uc-c@.)-, f-t" . bus ;.vt'sses 10 ~e. .eelceq.td;2..
and
Location:
(:-.)
.
.'
Monticello City Hall, 505 Walnut Street, Suite I, Monticell?, MN 55362.8831. (763) 295.2711 . Fax: (763) 2954404-
Office of Public W orks.r, Ci~lf~f?~ Rd., MonticeB.o, MN 55362 · (763) 295.3170 · Fax: (763) 271.3272
.
.
.
.1 ',:T..'"
Ms. Froslie
December 11,2001
oC>
--~r.-OOQ~~--- Dollars ($Sr@.~'
payable upon execution of a oinding
purchase agreement. All earnest money
shall be applied toward the purchase price
and shall be refundable in the event of
Buyer's termination of the purchase
agreement under the contingencies
hereinafter referred to.
Earnest Money Deposit:
Condition of the Property:
Except as otherwise provided herein, Seller
will deliver the Property in an "'as is"
condition; utilities with a sufficientcapacity
to accommodate Buyer's needs will be at the
Property line. Seller represents and warrants
to Buyer that Seller is not aware of any
environmental contamination or pollution on
the property or the presence of underground
storage tanks.
Due Diligence:
Buyer shall have a sixty (60) day period after
the execution of a binding purchase
; agreement . to. ,conduct. a,feasiQility:study of
the Property, including soil tests, wetland
studies.andreYiewof theJJhase L arid Phase
II reports recently done on the'Prpperty by
Seller. During th~speriod~ Buyer will have
rights of entry to the Property to conduct any
environmental or geotechnical testing.
Should Buyer at any time during this period
and for any reason conclude that the
Property is not suitable for its needs, Buyer
will notify Seller and receive a refund of all
earnest money deposits.
2
.
.
.
Ms. Froslie
December 11, 2001
Conditions Precedent:
Closing:
Brokerage: "
RespoIlsibiliti~f.Seller:.
Upon expiration of the due diligence period
or upon Buyer waiving conditions ~r due
diligence, there shall be an additional period
of time for Buyer to obtain all necessary
entitlements for Buyer's specific use of the
Property, including, but not limited to,
zoning, access,. special use permits,
variances, and building permits. If Buyer
shall be unable to 'procure such approvals,
Buyer shall have the option to terminate the
purchase agreement and receive a refund of
all earnest money paid. Seller shall cooperate
with Buyer in obtaining said approvals and
shall grant consent to any necessary setback
variances.
Closing shall occur thirty (30) days after
satisfaction of all the foregoing conditions
precedent.
Seller shall pay all commissions or fees due
any broker retained by Seller.
Seller is responsible to deliver to Buyer
within ten (10) days of the execution of a
Purchase Agreement:
AIta Land Survey detailing the subject
Property
Full Title report evidencing good title
Full Geotechnical reports currently in the
Possession of Seller
Full Environmental reports currently in the
Possession of Seller
3
.
.
.
Ms. Froslie
December 11, 200 I
Seller's Obligations
'" Jt
4..'Selfe.R_ I eo Nr'Tl .., AJiFI? e.......'1""eC
~::-~,~~~~'>~~::: t!3 ~:"': ~
oe f,...:;. S ho I. If> l W' L c:.e (/.". e.. UJ?cJIO
hP I 1\".efc"e5"fp 0 t f\J F' E>Cr p-etusa. L ....
8. ,,~L1Pt'L <...lOr/If) h..... 1..."tf'I(.....j/C-O
t A.J " .c.l t'\ ~ ''''''i" " A ~ R--(f') ~
~~-;r~, ~~~~~~~~
Please acknowledge your acceptance of the above terms by signing below. Upon execution
of this non-binding letter of inten~, the parties will endeavor to execute a formal purchase
agreement containing customary terms and conditions. Until such time, however, nothing
contained herein shall be binding on or enforceable by the parties hereto.
Sincerely,
~~~~~
SELLER'S SIGNAfuREBLOCK .
4
.(
.. , . ~
~ , .
~
December 11, 2001 .
MONTlCELW
Ms. Kathy Froslie
Riverstreet Station LLP
7833 Aetna Avenue NE
Monticello, MN 55362
Dear Ms. Froslie:
The Housing and Redevelopment Authority (HRA) in and for the City of Monticello has authorized the
gathering of information in order to assess the feasibility and to define the geographic boundary of a
redevelopment project for Block 52 or a portion of Block 52.
.
As a property owner within Block 52, you become a party to the success of a redevelopment project.
Legal counsel for the HRA drafted the attac~ed '22!l-bi22i!!g I~.rj!.f i,W! in order to assess the interest
of each property owner in selling. The level of interest and requested Purchase Price will assi'st the HRA
in determining both the feasibility and boundary lines of a redevelopment project. Once this is
determined, a mix of uses can be identified (office, retail, housing, 'etc.) based on market and parking
demands and insights from interested redevelopers. \ \
rJO. '
As an alternative to a cash buy-out, are y.ou interest~d in a IOQ!7-term reinvestment? In this case, the
seller would commit his/her equity f;;ffi the sale of property and become a partner or perhaps, condo a
portion of the redevelopment project. If the seller is interested in a long-term reinvestment, please
describe your long-term reinvestment idea under the Seller's Obligation on the Letter ofIntent.
Thereafter, the financial and legal consultants of the HRA would meet with interested investors to
discuss partnership options.
As the HRA must comply the Tax Increment Finance requirements set forth by the Minnesota Statutes,
the HRA requests the non-binding Letter of Intent be returned to the Office of the Monticello HRA, 505
Walnut Street, Suite 1, Monticello, MN 55362 by no later than January 2, 2002.
Should you have any questions, please call me at 763-271-3208.
Sincerely,
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MONTICELLO
(5~ \~~~~~~
Ollie Koropchak
Executive Director
.
c: Roger Belsaas, Mayor
Dan Greensweig, Kennedy & Graven
Mark Ruff, Ehlers & Associates
HRA File
Monticello City Hall, 505 Walnut Street, Suite I, Monticello, MN 55362-8831 - (763) 295-2711 - Fax: (763) 295-4404
Office of Public Works, 909 Golf Course Rd., Monticello, MN 55362 -(763) 295-3170 - Fax: (763) 271-3272
<"
.
.
.
HRA Agenda - 2/6/02
9,
Consideration of authorizine payment of January HRA hills,
I'm checking on Kennedy & Graven invoice for Hans Hagen contract. 14.4 hours, almost
two working days to draft document. Will let you know. Others ok for payment.
.
.
.
Kennedy & Graven, Chartered
200 South Sixth Street
Suite 470
Minneapolis, MN 55402
(612) 337-9300
January 17,2002
Statement No. 50307
City of Monticello
Accounts Payable
505 Walnut Street, Suite 1
Monticello, MN 55362
Through December 31, 2001
MN190-00088 Acquisition of 8 Locust Street/Bostic
MN190-00089 Acquisition of 218 Front Street/O'Connor
MN190-00095 Masters Fifth Avenue TIF
MN190-00097 TIF 1-~ ~ ?-~V 'It V .... J
Expenses
Total Current Billing:
I declare, under penalty of law, that this
account, claim or demand is just and correct
and that no part of it has been paid.
32.00
2,854.50
229.50
2,497.50
84.82
5,698.32
.
.
.
Kennedy & Graven, Chartered
200 South Sixth Street
Suite 470
Minneapolis, MN 55402
(612) 337-9300
41.1225694
January 17, 2002
Invoice # 50307
City of Monticello
Accounts Payable
505 Walnut Street, Suite 1
Monticello, MN 55362
~ Q Yo
L\ L ? & '3 "
?\'; .
MN190~00088 Acquisition of 8 Locust Street/Bostic
Through December 31, 2001
. For All Legal Services As Follows:
12/31/2001 CHT Phone call with 0 Koropchak re recorded deeds; email to
C Rocklitz re same
Total Services:
Hours
0.20
$
Total Services and Disbursements: $
Amount
32.00
32.00
32.00
.
Page: 2
Kennedy & Graven, Chartered
200 South Sixth Street
Suite 470
Minneapolis, MN 55402
December 31,2001
<b~.?t>'-fO
~v S
~, '? ..
City of Monticello
MN190-00089 Acquisition of 218 Front Street/O'Connor
Through December 31,2001
For All Legal Services As Follows: Hours Amount
12/7/2001 RJL Phone call with J. Peterson 0.10 16.50
12/11/2001 RJL Phone call with J. Peterson; review file 0.20 33.00
12/17/2001 RJL Phone calls with Koropchak and Nagorski; fax to Nagorski 0.50 82.50
and Koropchak
12/19/2001 RJL Phone calls with N. Hammer, J. Peterson, P. Ederer, O. 1.50 247.50
Koropchak and K. Helvey; review relocation negotiations;
phone calls with Cassidy, Koropchak and Peterson
. 12/20/2001 RJL Prepare for and attend commissioners hearinQs; view 7.50 1,237.50
comparables; conference with Q. Koropchak; Intraoffice
conference re award
12/21/2001 RJL Prepare for and attend final argument; intraoffice 5.50 907.50
conference re award form; phone calls with Eull, Cassidy,
HRA and J. Peterson's office; revise letter to district court
and service list; dictate letter to HRA
12/26/2001 RJL Review file; write, revise and finalize letter to HRA; review 1.80 297.00
and finalize letter to district court administrator; write,
revise and finalize letter to commissioners
12/27/2001
RJL Review file; fax to Koropchak
Total Services:
0.20
$
33.00
2,854.50
For All Disbursements As Follows:
.
12/20/2001
12/21/2001
12/26/2001
Postage
Photocopies
Fax
Robert J. Lindall; mileage expense
Robert J. Undall; mileage expense
Wright County District Court Administrator; Filing
Commissioners Award
5.22
11.20
9.00
27.20
27.20
5.00
.
Page: 3
Kennedy & Graven, Chartered
200 South Sixth Street
Suite 470
Minneapolis, MN 55402
City of Monticello
December 31,2001
Total Disbursements:
Total Services and Disbursements: $
.
.
$
84.82
2,939.32
.
.
.
Page: 4
Kennedy & Graven, Chartered
200 South Sixth Street
Suite 470
Minneapolis, MN 55402
? C,) <<.{ 0
City of Monticello
s~s.
L\U
December 31, 2001
'?-\ '? .
MN190-00095 Masters Fifth Avenue TIF - ~e c:.-o
Through December 31,2001
For All Legal Services As Follows:
12/21/2001 DJG Draft amendment to TIF contract
Total Services:
Hours
1.70
$
Total Services and Disbursements: $
Amount
229.50
229.50
229.50
.
Page: 5
Kennedy & Graven, Chartered
200 South Sixth Street
Suite 470
Minneapolis, MN 55402
City of Monticello
~ 6 '-t1)
~& ,?..
Wl,.
December 31,2001
'?\"? '
, . ?- fY'"
MN190-00097 TIF 149'
Through December 31, 2001
For All Legal Services As Follows: Hours Amount
12/13/2001 DJG Meeting with Ollie Koropchak and Hans Hagen regarding 4.10 553.50
development contract terms
12/14/2001 DJG Draft contract for private development 3.90 526.50
12/17/2001 DJG Draft contract for private development 2.80 378.00
12/21/2001 DJG Draft contract for private development 2.60 351.00
12/27/2001 DJG Draft contract for private development 3.80 513.00
. 12/28/2001 DJG Draft contract for private development 1.30 175.50
Total Services: $ 2,497.50
-
\ l.\ . \.{
Total Services and Disbursements: $
2,497.50
I
V
trY\-
~
~
\- ~\...\- ~
.
Wayzata Office
201 East Lake Street
Wayzata, MN '55391-1695
952-473-3000
Fax 952-473-3932
.
BURNET
January 7, 2001
? '\ ::, . \_\ ~ C; <6 .~ -'. ? \ q q
Robert Lindall
470 Pillsbury Center
Minneapolis, MN 55402
Re: Monticello Housing and Redevelopment Authority vs. Michael I. O'Connor etal.
Wright County District Court File No. C2-01-1924
Dear Mr. Lindall,
Here is my statement for service as a commissioner for the above file.
Date Activity Mileage Days
. 10/15/01 Sworn in Buffalo 28 1
10/23/01 Viewed Property 49 1
12/20/01 Hearing @ Monticello 48 1
12/21/0 1 Hearing @ Monticello 48 1
12/27/01 Conference call with commissioners 0
,f. jl
{?7~~~~1-e,!; days x' ZJeJ_: /:ZSO
YJ- }'" 70nl J.J C7 J. ? I~'
I f you have any questions, please give me a call at 952-955-1601, or I can be reached on
my cell phone at 612-759-5054.
Totals
Sincerely, )
0ub L c~>vJ., cl}c{~
Judy Vanderlinde
.
Inckpendently Owned And Operated By NRT Incorporated,
@[B
::': .'.,: :.::~'.'. . ,
. H A
R T E
RED
470 Pillsbury Center
200 South Sixth Stteet
Minneapolis MN 55402
(612) 337 -'):}OO telephone
(612) 337-9310 fax
http://www.kenoedy-graven,<;oIll
Kennedy
..
ROBERT J. LINDALL
Attorney at Law
Direct Dial (612) 337.9219
'Certified Real Property Law Specialist
January 9, 2002
Ms. Olive Koropchak
Monticello HRA
505 Walnut Street, Suite 1
Monticello, MN 55362-8822
RE: Monticello Housing and Redevelopment Authority v. Michael I. O'Connor, et al.
Wright County District Court File No. C2-01-1924
Dear Ollie:
Enclosed herewith is the billing statement of Judy Vanderlinde, commissioner, dated January 7,
2002, in the amount of $1,305.36. Please arrange for payment of her invoice and direct it to Mrs.
Vanderlinde at the following address:
.
Judy Vanderlinde
c/o Coldwell Banker Burnet
201 E. Lake Street
Wayzata, MN 55391-1695
Her employer identification number is 475-54-3919. Please copy me on your letter of transmittal
with the payment.
If you have any questions, please let me know,
ve7S!JillS,
Robert 1. Lindall
RJL;peb
Enclosure
cc: Judy Vanderlinde
John Peterson
o ~(g~n'\ij'~=[\1
JAN 1 0 2001 I.
;
-::.I.
., .
. !
,',,, . . 0" _ ; :..:~ :. ~.;' :
.
RJL-20l\46l\vl
MN190.89
'Ccrtified by Minnesota State Bar Association
.
January 3,2001
Robert J. LindaU
Kennedy & Graven
470 Pillsbury Square
200 South Sixth St.
Milmeapolis, MN. 55402
By Fax #(612) 337-9310
RE: Monticello & Redevelopment Authority v, Michael L O'Connor, Wright County
District Court File No. C2~01-1924.
Dear Mr. Lindall,
As per your request in your letter of December 26,2001, I am enclosing my statement of
services for the above case:
October 16, 2001 Viewing of Property
Mileage - 22 Miles @ .32 cents/mile
$250.00
7.04
.
Total
$257.04
Remit to Paul Ederer 474-46-8940
1596 Jackson Ave. NE
St. Michael, Mn. 55376
~~
'-....~derer
.
.
CLARENCE EULL APPRAISAL
FEDERAL TAX NUMBER - 468-44-5875
8168 Northeast 30th Street
St. Michael, Minnesota 55376
TELEPHONE: (612) 497-2596
~lF~1F~lMl~[NJ1F
b.a1'1:
January 2, 2002
"-UM.".
Mr. Robert J. Lindall
trlU Pillsbury Center
200 South sixth Street
Minneapolis, MN 55402
n...., WE ON IlECEJI'T: 111,; per .nn_ on .,,('oant.. oy.r :SO ct.,..
761.60
D.:I.l'E
CHARGES AND CREDitS
BALANCE
BALANCE FORWARD
.16/01
corrunissioners viewing the property
of Michael I. O'Connor
250.00
12/20/01
Commissioners meeting at city Hall
City of Monticello VS O"Connor
25(.00
12/21/01 Commissioners meeting at City Hall
City of Monticello VS O'Connor
40 miles @ $.29
Total Reimbursement
25(.00
1 .60
76 .60
CCJiTumivcy&u1
.
\
J'A rJ 1\ I Tt Ci < (..~' /10 L) ,I j1/ (:.,. '1 12... s tJ t I' 'L"L<.J;7 ,iI'~'i>\/ /-:
15
;\-'1 I G If /J., (.., 1- 0 ( (\:' /I(;Ii f t\., f ,. ~ I--
INVOICE. O.ted
purchll- fJf'Cfer
vendor No.
I ".".., -
,;r--
-J .-',77' .,
,1-9 ~ -'---.
.
N 'Z' / 'L (', /////1//1/1 ut
.
/7}..3 f' () L/l':J J<,/
(', ..' '-=1/7 l u fA N
A(J
'J'S- 71 J
,'!. .
QuAntitv o-:rlptlon i Unit Pr\oe Amount
,
-)... -Of .A.A I C.. i"J c- /'( I' (". 1 y' ...... c...s
I {} 4.. \. CO () -.) ,~?./ If O-J J t:: / 1J/ll ;?-7-0,
/ tl.4/ L;z-.,-u. \.~
10 - /6 - () i p-'tlJd ..;.r' f rJ.. c; /,'1 IZ ~,7 /V ~, / T Z
di ""
,
, '/:-. 'f-. ',1-/\ IL 'i 5 (r;'-: 1-1 f <' <:,4
" ' d (;:)'. 7. "
,
~~
! . (I b
j-Db"
J.~~
'-- /' il" / ('/, ~~~'
i77-~ pUJ-I1>ruf,tJ
/' r f t1 (..,0 /v./Y rr;}(:7 ,
J) v,--'
.r. 1'. G/1yl/.o ,...13}~
.. " ~..... .:. i .' " .'
: .. -- : ,
, .
,
.
. :;:.l...
:::t~~>.~
0-)
{}\ .
t./
--, .~
. "t -
C. '.J
"
,j
\.P
"'\.r-~ C
r, ,,\
~ \ \,......'\
/1) "
For MnIOOT U" ONLY
r'"'./
'0
. ,~-
"
NAB ,Vtndor .....- , Ind.
, , ~
v.......'. ,~ Md!<< evstomtlf II<<DUnt n\ll'nbel'
D"PI. I D/vWOn ; ~ ,SUfIlx i Dtfll. .. .0. I 0bj:te1
: l I ! ,
p~l ,I.mQI,Int , 0ceIIl' cI<<It ,CC1 lea ,CC3
i, I ! :
(InllOice ~ Olet oodIl 4 TCC5
I !
I '-'by .,.r1lfy~" goodIIllf ~~.... cWm ~ bttlf1ln1pood1ed
.~ ...-MId Of lhe ~ "-". """ ~. ~ - In ~ wftl'1
sptIC/lIc:et\Oo'lOI _ _ In IlItxIor ~, Icll\d. ...-t. """ ~-V. wid payment
th....... IS ~ .....,.,."..,.><hd.
TnI~ .... .~ I\lllllIler 1~' .utl>l:lrlmd IIlgnIllUfW
I
" ?'"
.
.
.~:c~i:orth, Inc.
4725 Excelsior Boulevard
Suite #200
Minneapolis, MN 55416
January 3,2002
-"\ \
<:'" i
'....
, ;)
: \ \ A
'''\ \...;(
l:',:~:) ("('.:
Ollie Koropchak
Executive Director
Monticello Housing & Redevelopment Authority
Monticello City Hall
505 Walnut St., Suite 1
Monticello, MN 55326-8831
DECEMBER SERVICES - MONTICELLO PROJECT
,]
.~) ,
INVOICE
Phone (952) 929.0044
Fax (952) 929-0568
Toll Free 1-877-805-1575
'''j . r---., _',
) \ "(:'-(
":' \, "f') n }.......
()~~'-- ~"~ ~
O'Connor
Conference call with HRA and their attorney.
.
TOTAL HOURS EXPENDED
AT $70.00 PER HOUR
.
ACQUISITION AND RELOCATION
0.50
$35.00
"
-- ""'-, ,'::;"~':~--l
:~; Ii" \ 1
?c~lll )11
I L::!J
\ j .. J
i
/
i i'l ': J 1\ N - 4
I, UL
.
10.
.
.
HRA Agenda - 2/6102
Consideration of Executive Director's Report.
a) O'Connor property. At this point, I've not heard that O'Connor has appealed the
commissioner's award of $143,000. Must file appeal within 40 days of date award was
tiled which should be about February 8. Attorney Lindahl has not advised me to issue a
check for the remaining balance of $50,800. I received a voice-mail from Ken Helvey
stating Attorney Peterson inquired about ii1ing for business income loss. Helvey
anticipates they will file. Was informed they must have solid documentation. Attached
letter requesting Puhlie Works cut down trees.
h) Amoco site - I-lave been informed that the Amoco site is contaminated. Bjorklund
working with MPCA. lie has hired a firm out of Duluth to prepare a re-mediation plan
for the MPCA and to apply [or PETRO Funds. Project delayed. Fluth in Arizona and
l3jorklund in Florida. Fluth has not executed amendment to our Contract f<..)r additional
$30,000 parking dollars. Restaurant applied for liquor license and was hoping to open
August 1.
c) Scattered housing project - The City Council approved acquisition of the Havel parcel
at $50,000. At this time, two of the five parcels are purchased. Sheri, CMIF, made offers
to the remaining three, they did not accept. Sheri will proceed to make counter-offers
after a meeting with local corporate officials requesting a contribution to fill the financial
gap and/or to enhance quality of the product. We are anticipating acquisition costs to
exceed the initial budget of $300,000. We expect an answer from the corporation within
two weeks. It is still the intent to construct all 10-11 units this summer.
d) Copy of TIF semi-annual payments.
e) Fay-Mar building - Ron Musich started a new husiness, RSM Industries, Inc.. which is
located in his vacated building along Chelsea. They refurhish Wagner spray-tech
products and sell new products. Building full - not hiring yet. Plan to employ 25
assemblers. Will run out of space, looking at St. Cloud and Big Lake. Told of
Monticello vacant buildings. Pfeffer not interested in selling abutting property or at a
reasonable price.
t) Right Choice building - Have an interested buyer. Les Wurm, Production Stamping,
Inc. IDC Prospect Team visited some time ago. Excellence, stable company. Been in
contact with him for years. Emmet Hanratty, Right Choice, was assigned the TIF
Redevelopment Contract from Midwest Graphics. I wrote letters and called Mr. llanratty
several times but never heard from him. It almost appears, Mr. Ilanratty wasn't aware the
TlF changed to up-front. I provided Les with a copy ofthe contract and the assignments
for review. If assigned. the job creation would not apply but he'd have to agree to pay
taxes and tax deficiency clause. He should get the benefit the $181,000 from I lanratty.
g) H-Window building - nothing new.
h) Chadwick property - received attached Byer fi'om C B Ellis Richardson.
H RA Agenda - 2/6/02
.
i) On Planning Commission Agenda, Feb 5 - Conditional use permit for commercial
condominiums in IlA zone (East 7 Street project) and consideration to amend 1-2 zone
(Lundsten) to B-3 commercial zoning.
j) Open house/workshop planned for comp plan update, no date at this time. Public
hearing March 5, 2002. The HRA should appoint or have representative at the open
house and public hearing relative to your recommendation for development of an
industrial park.
k) Would the HRA like to establish goals for 2002'1 Am I correct, the HRA has
committed tax increment revenues (after debt retirement) from 'I'IF District Nos. 1-5 and
1-6 fl.w acquisition or development of industrial land?
I) Proposed 41 ,000 sq ft commercial condominium planned for West Chelsea Road in
area of Olson Electric pond. On Planning Commission agenda in March.
.
2
.
.
.
January 10, 2002
MONTICELLO
Mr. John SinlOla, Public Works Director
City of Monticello
909 Golf Course Road
Monticello, MN 55362
Re: Request to cut-down trees and remove cut-down debris on HRA site located along Front Street.
Dear John:
With the redevelopment of the four northerly parcels of Block 54 (known as "the site") located along
Front Street and the Prelirninary Development Contract between Hans Hagen Homes, Inc. and the HRA,
the I--IRA has agreed to prepare "the site" as a finished-pad site prior to conveying "the site" to Mr.
Hagen. Mr. Hagen plans to develop "the site" as a PUD for construction of 10 row homes. The HRA is
working with City Engineer Consultant Bret Weiss, WSB, Inc., to prepare "the site" as a finished-pad
site. In a meeting between city staff and Mr. Weiss, it was suggested that the Public Works Department
cut-down the trees located within "the site" and remove the cut-down debris. The tree stumps and roots
are to remain and will be removed at a later date. It is important that the trees located along the southerly
perimeter of "the site" not be cut-down at this time, as no survey has been cornpleted to define the
boundary line between "the site" and the Wunn eight-plex and Warner parcels.
The I-1RA thanks you and hopes the Public Works Department can fit the request into their winter
schedule. Should you have any questions, please see me or call me at 271-3208.
Sincerely,
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MONTICELLO
CJ~'<<J\~JL~
Ollie Koropchak
Executive Director
Attachment
c:
Bret Weiss, VYSB, Illc.
HRA File v'
,0
Q., .
Monticello City Hall, 505 Walnut Street, Suite I, Monticello, MN 55362-8831 . (763) 295-2711 . Fax: (763) 295-4404
Office of Public Works, 909 Golf Course Rd., Monticello, MN 55362 . (763) 295-3170 . Fax: (763) 271-3272
CITY OF MONTICELLO
ACCOUNTS PAYABLE
505 WALNUT STREET · SUITE 1
MONTICELLO, MN 55362
763-295-2711
DATE
75.166J
9iO
"*
MONTICELLO
NO. 67863
MAROUETTE BANK. MONTICELLO' P.O BOX 72'"
MONTICELLO. MINNESOTA 55362 . (763) 295-280.'
CHECK NO.
AMOUNT
.~THOUSAND EIGHTY ONE AND 00/100 DOL~~5/2002
67863
$5,081.00
PAY TO
THE
ORDER
OF
BLUE CHIP DEVELOPMENT COMPANY
105 MISSISSIPPI DRIVE
MONTICELLO MN 55362
~:/~)/i.
. . .. . .QJ- (1) r:uti. ...... .......",
.>:::'.:/:::.>: :.:.:.:.:.:-:::.:.:.:r:?Ii!l:.::::.:::::::.:::::::.:..'. .::)
II- 0 b ? a b :3"- I: 0 q .0 . b bit? I:
? baa O. ? II-
'lENDOR 000172 BLUE CHIP DEVELOPMENT COMPANY
01!15!~902 CHECK
67863
;-'::,,<~i;':<f+;:;::(lf;'<1B>h~'~~~:,:;<j?;\Y!;;W;j;/< ',' ';~"
.,Fln.mi'.,&,,~6~fi)iTN1'
':?"':' :~ '
'" '" ',.~' ',~:: ' : "
.,:'':; ,
p () it TmT()T r'R
1l.MOT.J1-TT
213;46525.6511
TIF 1-25
5,081.00
TOTAL
5,081.00
.
,0 d.
.,.,...
.~' ': " ::, '~,' :;x ',:,:.'. :, ,~~!: ',. ,:' ';
\..
J
CITY OF MONTICELLO. MONTICELLO MN 55362
a
MONTICEUO
CITY OF MONTICELLO
ACCOUNTS PAYABLE
505 WALNUT STREET · SUITE 1
MONTICELLO, MN 55362
763-295-2711
7S~1664
9i'O
NO. 67860
MARQUETTE BANK - MONTICELLO' P.O. BOX 729
MONTICELLO, MINNESOTA 55362 . (763) 295-2902
DATE
CHECK NO.
AMOUNT
. 01/15/2002 67860
LVE THOUSAND FIVE HUNDRED SEVENTY FOUR AND 00/100 DOLLARS
$12,574.00
PAY TO
THE
ORDER
OF
BBF PROPERTIES
BARRY FLUTH
19577 180TH AVENUE
BIG LAKE MN 55309
f..:..::.o;..:::~~.:::.,..:~-"
I . '-"(;ktu~...."..
...,',' ".'.' ."." .,.... ,.....
.. .. . ,.
I~.._::.:.:::.-'.:-::.:...:.:.:.:..:.:.:::::.:::.:.:.:
II- 0 b ? 8 bOil- I: 0 q I. 0 I. b bit? I:
? bOO 0 I. ? II-
'JENDOR 001295 BBF PROPERTIES
01/15/2002 CHECK
67860
'''',/\';.'!i;:'':::,,;,.'
; '!t.:;~;!~~(:';~:N\~:~':::"'::"<i '<" i'
':,,:' ',<;" :i"~},::>'::' ),:': /' < ;:-::}J,.',,:,/>Y:: ':<,/(' ,':', ..' ~,",
"':'"<'''' "
FUND,'&','AC<2QUNT
,,'<0i\Y
.' ;',';~>:: .
'''~'"i(''<::,:;': "
,<p..b .itINVOT CE
nF.~(''RTP'1'T()N
n.MntThTT
213.46581.6511
TIF 1-22
12,574.00
TOTAL
12,574.00
.
..
<f~' '::;: ."".',\;,'''<:
\.
J
CITY OF MONTICEllO' MONTICELLO. MN 55362
CITY OF MONTICELLO
ACCOUNTS PAYABLE
505 WALNUT STREET' SUITE 1
MONTICELLO, MN 55362
763-295-2711
OATE
. 75.166"
9iI)-
far
MONTICELW
NO. 67865
MAROUETTE BANK - MONTICELLO' P.O, BOX 72')
MONTICELLO, MINNESOTA 55362 . (763) 295-290:.
CHECK NO.
AMOUNT
. 01/15/2002
, THOUSAND THIRTY NINE AND 00/100 DOLLARS
67865
$2,039.00
PAY TO
THE
ORDER
OF
CEDRUS CREEK CRAFTSMAN, INC
12420 ARMITAGE AV NW
MONTICELLO MN 55362
[~...........-...
. ',' , . ... ...... ..~._. .._ ,"n" .hO._ d. .,
. ",,'. .:: :,:,,:.," . - .. O' . . ,:" .': .......; ','.:
.. "," ..
.. ..., o.
'X'/:-Qo 'Ii ~i'-/i i
.. .... ~ tv:72 ...... ...... .
"',' ""'".:" . . .. .. ;
l.' .:':': :.:.:::: :.:/:. :.:.:.: .:.:.:.:.:.:.:. :: .:'.:.:.:.:'::::.:.:::::.:(.: ,:.: .:.)
"" ,- , .. ." ,. . .. ..
_',.. w. ..
II- 0 I; 78 I; 511- I: 0 q ~ 0 ~ I; I; ... 71:
7 I; 0 0 0 ~ 7 II-
VENDOR 001114 CEDRUS CREEK CRAFTSMAN. INC
01/15/2002
CHECK
67865
FTThmLn.('CATJl>TT ..
;:::~~;>:}1L:l:>:,<
:~>:~' >:<:s,:,>:: ;': ;'/,::fJ':~<',;
":,.'..:',:""".,,,"
,': '''< '...<' '~
.' ;::;;~:,:<:::':::;)i0,~:;::;if::Y:<",:
';::.;:,/;::::::-L>:/>::>:':>;'~
i::" , , M":~' :::'.: ' ", .. " , :' " :':" , : : ::'
ot()# .. Il>TunIC:E
;:I::!\.:t:.,..; :,"
',' "iT>:
":,': '"",,,
"""".." .,
.. D:E;S'a~!PTIOb-T.'
llMOTTNT
213.46520.6511
TIF 1-20
2,039.00
TOTAL
2,039.00
.
.
I
I
.......... I
J
'-
CITY OF MONTICELLO' MONTICEllO. MN 55362
*
MONTICELLO
CITY OF MONTICELLO
ACCOUNTS PAYABLE
505 WALNUT STREET · SUITE 1
MONTICELLO, MN55362
763-295-2711
75.16601
9TI)'
NO. 67876
MARQUETTE BANK. MONTICELLO' fOO. BOX 72.i
MONTICELLO, MINNESOTA 55362 . (763) 295-20[,,'
DATE
CHECK NO.
AMOUNT
... 01/15/2002 67876
~NTYFOUR THOUSAND ONE HUNDRED FIFTY ONE AND 47/100 DOLLARS
$24,151.47
PAY TO
THE
ORDER
OF
DEMEULES FAMILY LIMITED PTNSHP
207 DUNDAS ROAD
MONTICELLO MN 55362
r..:::".."::::~.;.'::::':'..~'i
,.:..-.,,,,Qt (Up.PL.:.-...-....... ,
J:~:.""':': ,,:':':_<::':.:::,:~ :::'::-<:::':::'::::_:';'::-:_:':-:~.:::)
II' 0 b ? B ? b II- I: 0 q ~ 0 ~ b b a. 7 I:
7bO 00 ~ 711-
VENDOR 000952 DEMEULES FAMILY LIMITED PTNSHP 01/15/2002
':;:~!)'?Y;~?f~:;:~;f':,:':::>!i:~,,:j'<:{~:;::C::C'Y:T:>:::"'.: :';t,':;',;::":<< iN" :~>;::;:::::':f/:tf::;'::::~:'::::::/ i:':~,,, '::-i0:'>> ,.', '" ~ '>:':;+::-':>::'<,>~:::/:iii:
'.:' '. "';::::'>:,:',~ ','i'.li:: < ',:'}'j.1, ~;>>HL<: ::<>:?::'"':;: <:" ,,( >:,;~;::':'<'i ,." ..,
CHECK
67876
;' <,,;~:~:
213:.4 6S.13....~...6511
TIFl-22
2\. M ()T ThT'r
.....'....1:> Cl"# ,..Tl....'VCYTC.P.
24,151.47
TOTAL
24,151.47
CITY OF MONTICELLO. MONTICELLO. MN 55362
i
!
i
I
J
....... ......,.......,.1.......
."":"".',."",
CITY OF MONTICELLO
ACCOUNTS PAYABLE
505 WALNUT STREET. SUITE 1
MONTICELLO, MN 55362
763-295-2711
DATE
75-'66~
-----gfQ-
fa
MONTlCEUD
NO. 67926
MARQUETTE BANK' MONTICELLO' P.O, BOX 720
MONTIC~l.lO. MINNESOTA 55362 . (763) 295.2952
CHECK NO,
AMOUNT
I 01/15/2002 67926
t> VENTEEN THOUSAND THREE HUNDRED TWELVE AND 83/100 DOLLARS
$17,312.83
PAY TO
THE
ORDER
OF
PRESBYTERIAN HOMES HOUSING
AND ASSISTED LIVING, INC
3220 LAKE JOHANNA BLVD
ST PAUL MN 55112-7997
P;,~t.;-;~
!:.....;>:.:,..Qt (J !/fi!f!.k.:.....,:....: '1
I~"'.'" "',:.:.;'. . <;:':,:.:.::. . ....:,:.:::::./:::_:(.:,{;.,:)
II'OE. 7q 21;11' I:Oq ~O ~1;E.a. 71:
7 I; 0 0 0 ~ 7 II'
, ' ' ':' : ~ :: ' :' ',:, : :: l:': "
01/15/2002
CHECK
67926
VENDOR 001217 PRESBYTERIAN HOMES HOUSING
'" <::"'::'::~'::?A:'JY<:!11j~~:~~,!'~i;lt~;E;:;:Wi;;::,::::ltf'>:":'::::[f~ii\,>r<",:\" :,: ':'", ..; ,;:,,;:!'t":::.,!1 <: :;:!+' ;':.\ /:,ii>, ,,~>t
;\';:/:<i, ,,:,::'\
;-':,;1
.......PO #TNVOTC"F,< .,
DF,SeRIPTION
/:;'.AMOUNT
TOTAL
17,312.83
17,312."83
213.46519.6511
TIF 1-19
.
.:::.,.'....i
CITY OF MONTICELLO' MONTICELLO, MN 55362
-*
MONTlCEUD
DATE
. 01/15/2002
SEVEN HUNDRED SIXTY NINE AND 68/100 DOLLARS
CITY OF MONTICELLO
ACCOUNTS PAYABLE
505 WALNUT STREET. SUITE 1
MONTICELLO. MN 55362
763-295-2711
76-'66~
910'
NO. 67948
MAROUETTE BANK. MONTICELLO. RO, 80X 723
MONTICELLO, MINNESOTA 55362 . (763) 295-29\<
CHECK NO. AMOUNT
67948 $769.68
PAY TO
THE
ORDER
OF
rWIN CITY DIE CASTINGS CO.
ATTN: DOUG HARMON
1070 SE 33RD AVENUE
MINNEAPOLIS MN 55414
O .. ....... ...,..-,
. .:',;:0,-::i22~';;}i' ,........
,::",::,;::;;:::::,:~~~:::,:::}:,:'~';,,'i
:. . . ~tJ..:1ifeL"....... ..1
':,',".: ':.',:.. -:,:,:.' .~::,:,:.:/.~~ . /.:. ~.:/::: :.:~:::::'_:>: :':>:.,)
1110 b 'jI q L.BIlI 1:0 q ~o ~ b b it 'jI1:
'jI bO 00 ~ 'jill-
769.68
769.68
i.
..
MON'fICELW
CITY OF MONTICEllO
ACCOUNTS PAYABLE
505 WALNUT STREET' SUITE 1
MONTICELLO, MN 55362
763-295-2711
75.1664
9iO
NO. 67937
MAROUETTE BANK . MONTIC~LLO' RO. aax 728
MONTICELLO, MINNESOTA 55362 . (763) 295'2052
DATE
CHECK NO.
AMOUNT
. 01/15/2002
~TY ONE THOUSAND THIRTY AND 00/100 DOLLARS
67937
$41,030.00
PAY TO
THE
ORDER
OF
ST. CLOUD HOSPITAL
clo ST BENEDICT'S CENTER
1810 MINNESOTA BLVD. SE
ST CLOUD MN 56304.,.2416
r-.:i.~~!ySi
., .........Cil:.ttugtL.;..........!
U::'.;:{:~:/ :.:.:.L:.:.:i.:.:~::;:~ ;:.:.:.:.r::::{:::.:(::.:.:.:::.)
11'01; 'jIq:l 'jI1I1 I:Oq 1.0 I. I; I; It 'jI1:
'jI I; 0 00 I. 'jI III
VENDOR 000411 ST. CLOUD HOSPITAL
213.46524.6511
:::'.'~,';;~;~~;;H.Sf;':'}: it!" . '"
CB f) Richard Ellis
Licensed Real Estote Broker
.
7760 France Avenue South
Suite 770
Minneapolis, MN 55435-5852
www.cbre.com
January 28,2002
Ms. Ollie Koropchak
Economic Development
City of Monticello
505 Walnut Street, Suite 1
Monticello, MN 55362-8831
RE: 141 ACRE DEVELOPMENT OPPORTUNITY
Monticello, Minnesota
Dear Ollie:
CB Richard Ellis is pleased to present to you a unique development opportunity in Monticello,
Minnesota. This property presents excellent opportunities for commercial, industrial, and
residential development.
.
The referenced property has over 3,000 feet of frontage along 1-94 and is located between
County Highways 25 and 39. City utilities are stubbed to the neighboring site and will serve the
property by the summer of 2002. The site is divisible and is available from $0.71 to $0.95 per
square foot.
Enclosed is additional infonnation regarding the site including a brochure highlighting the
property and an aerial photo of the site. We will be following up with you shortly to discuss this
opPOliunity. In the meantime, please do not hesitate to contact any of us should you have any
questions or comments.
We look forward to speaking with you soon.
Sincerely,
4z
Steven R. Lehr, Esq.
Director of Land Services
(952) 924-4656
W /Vt~ /I~;/. tJ/?-
Daniel M. Swartz
Vice President
(952) 924-4641
Enclosures
. .'\\~ 'l<' '4~. S"'-1I \tJ -- '70. q,? "1.l., 0 ~~
_OI,.sq, "i. l..\";.< '>1..00 rl1 ";.. "'-t \ ' ":b ~ :L
)' 1-
t"
,.~'
.r
"
""IT
I
I...'..)......
~'
. 141:1: Acres available with freeway visibility in Monticello
Property Features
· 141 :i: acre site (divisible)
· Commercial/Industrial/Residential uses
· Over 3,000 feet of freeway frontage
· Located on 1-94 between the Twin Cities and
St. Cloud
· Rare opportunity to acquire a 141 :i: acre site
in high potential location
.
\" :.:! U U L C L\ '~I (.' I j A 1< L) L L L I ~', J IN C The informotion ODOV. h(J~ b..n obtained from source$
b./i~ed reliable. While w~ do 110' dovbl i/$ O("~rvcy, we have no'l verifilfJO it C1lld mokf, IiO guorantee,
warranty Qf "'p~~ntufion ahollt it. It is your r-'upOri$;hi/ity to independently confiml ;ts aCCllrQC)' one!
~ompleteness. Any proiectiori$, op;riion~, a~aJmption8 or estim"I~.$ 4.1$." 0,. fot .K(;J1'I1pl. only and do not
~present H,e ~urrenl Or futvre pertomlance of the properly, Thl'J vg/vlJ 01 this tron:iOctlon to YOll depends.
on tQl( one other fuctors whkh VtolJld be eVCl/vohKJ by your taX, financial and le901 o~Jvjsor~. YQIJ (Jn~ yOUr
advisor!> shc)jAeJ CQndl.lct a careful, independent inve$ligotion 01 the property to determine to your
Mti$fQcfion the suitchilify of tno proporly for your needs.