HRA Agenda 08-06-2003
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AGENDA
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
Wednesday, August 6, 2003 - 6:00 p.m.
50S Walnut Street - Bridge Room
COlllm issioners:
Chair Steve Andrews, Vice Chair Bill Fair, Darrin Lahr, Dan Frie, and Brad
Barger.
Council Liaison:
Roger Carlson.
Staff: Rick Wolfsteller, Ollie Koropehak, and Lori Kraemer.
Call to Order.
Consideration to approve the July 2, 2003 HRA minutes.
Consideration of adding or removing items from the agenda.
Consent Agenda.
Consideration to adopt a resolution amending the Contract for Private Development by and
between the HRA, City, and Twin City Die Castings.
Consideration to authorize entering into a Prelilllinary Development Agreement with Master's
Fifth A venue for Phase" of Landmark Square.
Continued - Consideration to hear updates:
A. Redevelopment of a portion of Block 51.
B. Redevelopment of a portion of Block 37 (request for TIF assistance).
C. Discussion relative to the temporary TII'" District 1-22 Bond.
D. Phase I, II, and III design concept for a portion of Block 52,
8. Consideration to authorize payment of 1--lRA bills.
9. Consideration of Executive Director's Report.
10. Committee Reports.
II. Other Business.
12. Adjourl1l11ent.
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MINUTES
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
Wednesday, .July 2, 2003 - 6:00 p.m.
505 Walnut Street - Bridge Room
Commissioners Present:
Chair Steve Andrews. Vice Chair Bill Fair, and Darrin Lahr.
Commissioners Absent:
Brad Barger and Dan Frie.
Council Liaison Absent:
Roger Carlson.
Staff Present: Ollie Koropchak.
Guest: Doug Harmon, Vice President and CFO, Twin City Die Castings
Pat Sawatzke. Keith Kjellberg, and Scott Douglas,
Steve Johnson and John Wittek, Crest Financial Group. LLC
I. Call to Order.
Chair Andrews called the HRA meeting to order at 6:05 p.m.
2.
Consideration to approve the June 4,2003 HRA minutes.
DARRIN LAHR MADE A MOTION TO APPROVE THE JUNE 4,2003 HRA MINUTES.
SECONDED BY BILL FAIR AND WITH NO CORRECTIONS OR ADDITIONS, THE
MINUTES WERE APPROVED AS WRITTEN.
3.
Consideration of adding or removing items from the aQenda.
None.
4. Consent Agenda.
None.
5.
Public Hearinu - Consideration to approve extending the Compliance Date within the Contract
for Private Development bv and between the HRA. Citv. and Twin Citv Die CastilH!S.
At the request of the Developer, TCDC; the commissioners called for a public hearing date to
consider extending the Compliance Date \vithin the Contract for Private Development. The
hearing notice appeared in the local newspaper meeting statutory requirements. Per the Contract,
the Developer agreed to create 85 new full-time jobs within two years after the date of issuance
of the certificate of completion (the "Compliance Date"). Final certificate of occupancy was
issued by the Building Official on July 26. 200 I: therefore. the Compliance Date being July 26,
2003. Per the Contract, the Authority may after a public hearing, extend the Compliance date by
up to one year. providing that nothing in this section )vill be construed to limit the Authority's
legislative discretion regarding this matter. Therefore. this item appeared on the agenda to
extend the Compliance Date from July 26. 2003. to July 26, 2004,
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HR..-\. Minutes - 7/02/03
Doug Hannon. Vice President and CFO of Twin City Die Castings. made a presentation to the
commissioners. Mr. Harmon's presentation included hO\v TCDC arrived at the projected 85 jobs
for creation and vvhat they plan in the next year. Harmon reported per audit reports the salcs
growth of the company in the 1990's increased by 8,.1.% between 1996-97.9,.1.% betvveen 1997-
98. and 5% in 1999: their facility in Minneapolis was stretched: and a magnesium study
projected growth. These three points Icad to TCDC's dccision to expand and the development of
a Phase I and Phase II Plan. Phase 1- $1.6 million in land and building and $3.5 million in
equipment including 4 die cast machines. Phase II - a 17.500 sq ft building addition and an
additional four die cast machines. Through the use of magnesium assumptions and history, the
85 jobs were projected. Currently. the Monticello facility houses 5 die cast machines which
were manufactured in Europe and a number of CNC machines. While on a North American Die
Cast Association trip to Switzerland. TCDC was introduccd to the use of robotics in die casting
and this lead to a change in job creation of more technical jobs but less in numbers.
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The fixed assets at the Monticello facility include a $3.0 million building and land. an increase
from thc original estimated $1.6 million due to safety issues of a magnesium plant. Total assets
of building. land. and equipment - $8.513.790. Hannon noted that the average hourly wage of
the 34 Monticello employees including salary people is $21.72 for an average weekly payroll
using 40 hour/week is $29.539.20. So vvhy hasn't TCDC created 85 jobs? Harmon indicated the
over-all economy and global competition particularly China has impactcd job creation. He then
presented a list of prospective customers of which TCDC submitted quotes or bids. The five
magncsium prospects have estimated total sales of $4 mill ion and the alum inulll prospects have
estimated total sales of $15.6 mill ion. If TC DC was successful at landing one-half the estimated
sales. this could lead to an additional 1 I permanent jobs or 60 jobs including temporary workers.
Harmon estimated the average hourly range of pay between $14 to $17 per hour including
temporary workers.
Chair Andrews opened the public hearing for consideration to extend the Compliance Datc
\vithin the Contract for Private Development between the liRA, the City. and TCDc. With no
comments or questions from the public. the Chair closed the public hearing.
Koropchak informed the comm issioners that the value of each job per TI F assistance is
$2.647.05. Initial amount ofTIF pay-as-you-go assistance pledged to TCDC was $225.000.
Other alternatives were presented by Koropchak for consideration if thc developcr were to
rcquest amending the contract to alter the job and \vage goals.
BILL FAIR MADE A MOTION TO ADOPT A RESOLUTION EXTENDING THE
COMPLIANCE DATE WITHIN THE CONTRACT FOR PRIV ATE DEVELOPMENT
BETWEEN THE HRA. CITY, AND TCDC FROM JULY 26. 2003. TO JULY 26. 2004.
DARRIN LAHR SECONDED THE MOTION AND WITH NO FURTHER DISCUSSION. THE
MOTION PASSED UNANII'vIOUSL Y.
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At this time. no request from TCDC to the I-IRA was made to amend the job and wage goals
within the Contract. Mr. Hannon \vas directcd to work with Koropchak relative to potcntial
amendment of job and wage goals. Chair Andrc\vs tHanked Mr. I-Jarmon for his prescntation and
noted the position of the HRA is to work \vith and to encourage industrial businesses like TCDc.
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HRA Minutes - 7/02/03
6.
Continued - Consideration to hear updates:
A. Phase L I L and III design concept for a portion of Block 52.
Steve Johnson reported plans continue to move along for redevelopment of a portion of Block
52. Given the initial Financial Analysis did not include a market study and the interest by a
major tenant. a marketing study specific to this user has been prepared by Johnson's Team.
Johnson then introduced John Wittek. Crest Financial Group. LLC. Mr. Wittek informed the
HRA that his background was in banking, 25 plus years. Once an identified site development,
another component is the financing. Financing is supported by a market study and in this case by
a major retailer. The prepared Marketing Study will be submitted to the major retailer on
Monday. Wittek said he toured Monticello with the Chamber Director and talked with O'Neill
about five potential sites within Monticello. The downtown site being preferred. The potential
retailer to utilize about 20.000 sq ft of the first-tloor. is one of the top 25 national retail
companies (general merchandise) and is compatible with the downtO\vn area. Decision time~line
is end of J lily. m idd Ie of August. Given the concept for Phase L II, and III as seen by the H RA.
has the concept changed asked Fair. Maybe Phase I and II. Traffic count of 31.000 cars per day
and projected 77 parking spaces are part of the project reported Wittek.
B. Redevelopment of a portion of Block 51.
Pat Sawatzke reported he spoke with the property owner to the north of his salon and at this time,
the owner is not prepared to move. Pat reported his proposed project lies in two different TIF
Districts: therefore. a new district would be created and the project is not affected by the tive~
year activity rule deadline date.
C. Redevelopment of Block 36. Phase II.
No report, Brad Johnson or Barry Fluth were not present.
D. Redevelopment of a portion of Block 37 (request for TI F assistance).
No report. Koropchak reported she has not heard from Tom Holthaus after their first meeting.
Has left: several messages.
7.
Consideration to authorize pavment of HRA bills.
BILL FAIR MADE A MOTION TO AUTHORIZE PA YMENT OF THE HRA MONTI-IL Y
BILLS. SECONDED BY DARRIN LAHR AND WITH NO FURTHER DISCUSSION. THE
MOTION PASSED UNANIMOUSL Y.
8. Consideration of Executive Director's Report.
The cOlllmissioners accepted the Executive Director's Report as written.
9. Committee Reports.
None.
10. Other Business.
None.
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HRA Minutes - 7/02/03
II.
Adjournment.
BILL FAIR MADE A MOTION TO ADJOURN THE HRA MEETING. SECONDED BY
DARRIN LAI-IR AND WITH NO FURTHER BUSINESS. THE MEETING ADJOURNED AT
7:30 P.M.
HRA Chair
Executive Director
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lIRA Agenda - 8/6/03
5.
Consideration to adopt a resolution amending thc Contract for Private Development
between the HRA. City. and TCDC.
A. Reference and background:
At the July lIRA meeting and following the public hearing, the commissioners adopted a
resolution extending the "Compliance Date" from July 26,2003, to July 26, 2004 within
the Contract. The Executive Director was to work with Mr. Harmon of Twin City Die
Castings relative to request to amend the job and wage level requirements. Attached is a
letter from Mr. Harmon addressed to the City Council. Mr. Harmon is requesting a
reduction in new permanent full-time jobs from 85 to 42 at an average rate of $18.40 per
hour. You will note the annual payroll ($1.607,424) of the 42 jobs is slightly greater than
the 85 jobs at $1,604,720. Also attached is a list of jobs and wages submitted for the
purpose of modifying the City I,oan Agreement. On July 28, 2003, the Council approved
the amendment to extend the "Compliance Date" and to reduce the job creation from 85
to 42 new full-time permanent at a wage of at least $12.25 per hour, exclusive of benefits.
Twenty-two must meet the LMI requirement.
Please refer to the July HRA minutes for a recap of Mr. Harmon's presentation to the
liRA.
B.
Alternative Action:
1. A motion to adopt a resolution amending the job and wage goal requirement with
the Contract Ii)r Private Development by and between the lIRA, the City, and
TCDC from 85 full-time new jobs to 42 full-time new jobs at an average rate of
$18.40.
2. A motion to adopt a resolution amending the job and wage goal requirement
within the Contract for Private Development by and between the HM, the City,
and TCDC from 85 full-time new jobs to 42 full-time new jobs with 18 jobs at a
wage at least $12.25 per hour and 24 jobs at least $16.75 per hour exclusive of
benefits.
3. A motion to deny adoption of a resolution amending the job and wage goal
requirement within the Contract.
C. Rccommendation:
Recommendation is Alternative No.1. If the lIRA would prefer being a little less
restrictive, than consider Alternative NO.2.
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HRA Agenda - 8/6103
D.
Supporting Data:
Copy of request letter, define job description and wages, portion of Contract. Resolution
presented at meeting.
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07/16/2003 WED 16:16 FAX
1111111
. IIIII1
Twin City Die Casting~ Company
1070 s. e. 33rd avenue
mlnneapolis. minnesota 55414
(651) 645-3611
July 14.2003
Ms Ollie Koropchak
Hconomic Development Director
Monticello City Hall
505 Walnut Street - Suite # 1
Monticello MN 55362.8822
RE: lIRA & TIF Assistance
Dear Ollie;
laJ 003/003
Twin City Die Castings Company requests that the Monticello City Council please give
consideration for an amended job and average wage calculation for the TIF assistance. This
calculation would equate to fewer jobs than we orii.n.ally projected but with a higher average
rate. The annual payroll that would be distributed would equal or exceed the original projection.
Of these jobs 51% would meet or exceed Minnesots,~s LMI criteria.
The original TIP assistance consisted of the creation of 85 jobs with an annual payroll of
$1,604,720.00. The new request would be for the crcati.on of 42 permanent full-time positions at
an average rate of$18.40 an hour. This would generate an annual payroll 01'$1,607,424 which
exceeds the original payroll forecast.
Please contact me with any questions.
9
Douglas D on
Vice President & CPO
CC; Carol Presley - Olson
Senior Loan Officer
ODH/Ikk
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(8) In addition to the assistance provided under this Agreement, the Developer
expects to receive the followmg assistance in connection with the Minimum Improvements:
(a) a loan from the Monticello Economic Development Authority ("EDA") in the amount of
$100,000; and (b) a loan from the City (through the State Department of Trade and
Economic Development) in the an10unt of $400,000 to $5(X),000. However, nothing in this
paragraph constitutes a contractual obligation by the Authority, the City or the EDA wIth
respect to such a.<;sistance The parties anticipate that the Developer will enter into separate
business subsidy agreements with the City and EDA in connection with such additional
assistance.
(b) Job and Wage Goals. Within two years after the date of issuance of the certificate of
completion of Phase I (the "Compliance Date"), the Developer shall cause to be created at least 85
new full-time equivalent jobs on the Development Property (excluding any jobs previously existing
in the State as of the date of this Agreement and relocated to this site) and shall cause the wages for
such employees on the Development Property to be as fo11o\\'s: at least 14 jobs pay no less than
$12.00 per hour, exclusive of benefits, and at least 71 jobs pay no less than $8.50 per hOUL
exclusive of benefits. Notwithstanding anything to the contrary herein, if the wage and job goals
described in this paragraph are met by the Compliance Date, those goals are deemed satisfied
despite the Developer's continuing obligations under Sections 3.6(a)(6) and 3.6(d). The Authority
may, after a public hearing, extend the Compliance Date by up to one year, provided that nothing in
this section ,^'ill be construed to limit the Authority's legislative discretion regarding this mauer.
(c) Remedies. If the Developer fails to meet the goals described in Section 3.6(a)(3), the
Developer shall repay (1) to the Authority upon written demand from the Authority a "pro rata
share" of the amount of any payments made to the Developer under Section 3.5 hereof, (2) to the
City upon written demand from the City a pro rata share of the amount of any fee waivers granted
under Section 3.8, and (3) to the Authority and City, respectively, interest on the amounts in clauses
(1) and (2) at the implicit price deflator as defined in Minnesota Statutes, Section 275.50, subd. 2,
accrued from the date of issuance of the certificate of completion to the date of payment. The tem1
"pro rata share" means percentages calculated as follows:
(i) if the failure relates to the number of jobs, the jobs required less the jobs created,
divided by the jobs required;
(ii) if the failure rehites to wages, the number of jobs required less the number of
jobs that meet the required wages, divided by the number of jobs required;
I'}......
,..... ..J-
Y ~.
"Y
(iii) if the failure relates to maintenance of the Minimum In1provements 10
accordance with Section 3.6(a)(6), 60 less the number of months of operation as a
manufacturing facility (where any month in which the facility is in operaLion for atle<L<:;t 15
days constitutes a month of operation), commencing on the date of the certificate of
completion and ending with the date the facility cea.<:;es operation as determined hy the
Authority Representative, divided hy 60; and
(iv) if more than one of clauses (i) through (iii) aprIl', the sum of the arrliCablc,. ~ .
percen tages, not to exceed I O()%. ~ F\
SJ8.1(,')03(,
,\ " I"' {\ n
MNI')(.1.79 10 ~, ;.' ;"'\ { ~ D
.
.
.
RESOLUTION NO.
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
RESOLtJTION AMENDING THE JOB AND WAGE GOALS WITHIN THE
CONTRACT FOR PRIVATE DEVELOPMENT
BY ANn BETWEEN
TWIN CITY DIE CASTINGS COMPANY,
HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY
OF MONTICELLO AND
CITY OF MONTICI:<~LLO
WHEREAS, the Housing and Redevelopment Authority (the "Authority") in and for the City
of Monticello, the City of Monticello (the "City"), and Twin City Die Castings Company (the
"Developer") entered into the Contract for Private Development (the "Agreement") by and
between Twin City Die Castings Company and Housing and Redevelopment Authority in and for
the City of Montieello and City of Monticello on October 25, ] 999; and
WIIEREAS, the Authority on April 4, 200], approved the Certificate of Completion based on
the issuance ora Temporary Certificate of Occupancy by the Building Official, and
WHEREAS, the Authority agreed to amend the date of the Certificate of Completion from
April 4, 200], to July 26,2001, the date of issuance of the Final Certificate of Occupancy, and
WHEREAS, the Authority called for a public hearing date of July 2, 2003, for consideration
to extend the Compliance Date within the Agreement; and
WHEREAS, the Authority held a public hearing on July 2, 2003, and approved extending the
"Compliance Date" for the creation of job and wage goals from July 26, 2003, to July 26, 2004,
within the Contract.
WHEREAS, to prevent default orthe Agreement, the Developer requests ARfICLE III,
Acquisition of Property; Site Improvements, Financial Assistance, Section 3.6. Business Subsidy
Agreement, (b) Job and Wage Goals be amended to read: The Developer shall cause to be
created at least 42 new full-time equivalent jobs on the Development Property............. and the
42 jobs pay an average rate of $] 8.40 per hour, exclusive of benefits.
NOW, TI--1EREFORE, HE IT RESOL VED by the Authority, the City, and the Developer as
follows:
I. The Developer. Authority, ancl City understood amending the completion construction date
--5
Resolution No.
. Page 2
from June l, 2000, to April l, 2001, may have altered the Projected Tax Increment Cash Flow.
2. The Developer acknowledges that due to a sluggish economy and the competitiveness of
the European and Chinese markets, the Developer used a temporary work force causing a non-
compliance of the job and wage goals by July 26, 2003.
3. The Developer has prepared ancl presented a strategic plan for compliance ofthe job and
wage goals per the Agreement and acceptable to the Authority.
4. The Developer and Authority understand per the Agreement, the Authority may, after a
publie hearing, extend the Compliance Date by up to one year, provided that nothing in this
section will be construed to limit the Authority's legislative discretion regarding this matter.
.
The Authority, the City, and the Developer hereby approve amending the job and wage goals
rrom 85 new full-time equivalent jobs to 42 new full-time equivalent jobs ancl shall cause the
wages for such employees on the Development Property to be as follows: The 42 jobs pay an
average rate of$18.40 an hour, exclusive ofbeneflts. Amendment located within the Contract
for Private Development by and between Twin City Die Castings Company, Housing and
Redevelopment Authority in and for the City of Monticello, and City of Monticello, dated
October 25, 1999.
Dated:
....__, 20_..~
HOUSING AND REDEVELOPMENT
AUTHORITY IN AND fOR THE
CITY Of MONTICELLO
TWIN CITY DIE CASTINGS COMPANY
By____
Its Chair
By __,_
Its
By
Its Executive Director
CITY OF MONTICEL,LO
By_____
Its Mayor
.
By__
Its Administrator
.
.
.
HRA Agenda - 8/6/03
6.
Consideration to authorize entering into a Preliminary Development A1!reement
with Master's Fifth Avenue for Phase II of Landmark Square.
A. Reference and back2:round:
On July 17, Barry FIuth and Brad Johnson presented a concept sketch for the proposed
Phase II of Landmark Square. The sketch was presented to Jeff O'Neill and Koropchak
and was later reviewed by staff/consultants at site review. Although the staiTis
encouraged to see continued redevelopment, staff/consultants recommended the reduction
of 2 units along 3th Strect and no units to the rear to satisfy parking issues related to
Landmark Square. At the meeting with O'Neill and Koropchak, Fluth was requesting the
HRA to enter into a Preliminary Development Agreement. f1uth requested the remaining
unspent balance of his $5,000 deposit for Landmark Square Phase I be applied to Phase
II. This amount is $1,992.00. Due to the recommendation of staff for a reduction in units,
FIuth, Johnson and staff have a meeting scheduled for August 5. No TIF numbers have
been run at this time due to the uncertainty of the number of units.
Attached is the site sketch reviewed by staff, facade model, and concepts presented at
time of initial development of Phase I.
B.
Alternative Action:
1. A motion to authorize entering into a Preliminary Development Agreement with
Master's Fifth Avenue for Phase II of Landmark Square and a deposit amount of
$3,OOR.OO.
2. A motion to deny authorization to enter into a Preliminary Development
Agreement with Master's Fifth Avenue for Phase II of Landmark Square.
3. A motion to table any action.
4. No action required at this time.
C. Recommendation:
Recommendation is Alternative No.1 assuming the sketch plan issues are resolved on
August 5; otherwise, Alternative NO.4 is recommended.
D. Supportin2: Data:
Sketch Plan, facade models, initial plan, and Phase I administrative costs.
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952 906 9400
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.
.
MAST'ER FIFTH AVENUE
AMOCO SITE ADMINISTRATIVE COSTS
June 2003
August 22, 2000
Deposit
Expenses
April 10. 20Ql Ehlers
August 10. 2001 Ehlers
June 30. 2001 K&G
August 31.200 I K&G
September 30,2001 K&G
December 3 I, 2001 K&G
January 31, 2002 K&G
February 28, 2002 K&G
June 30,2002 K&G
July 2, 2002 K&G
Total Expenses
$ 125.00
$ 62.50
$ 1,377.00
$ 837.00
$ 27.00
$ 229.50
$ 135.00
$ 45.00
$ 45.00
$ 125.00
$ 3,008.00
BALANCE, June 20, 2003
$ 5.000.00
$ 1,992.00
Rug 06 03 09:32a
T. U 1 ku
952 906 9400
p.2
LANDMARK SQUARE II HOUSING
.
MONTICELLO, MN
.
I:~ I IIWI" I I::U
ACQUISITION COSTS SQUARE FEET COST COST/SQ.FT.
Site A Berquist 10890 $ 145,000.00 $ 13.31
BOlson 10890 $ 155,000.00 $ 14.23
C Moores 10890 $ 147,000.00 I $ 13.50
TOTAL ACQUISITION 32670 '$ 447,000.00 $ 13.68
Demolition and Site work $ 35,000.00
Utilities $ 32,000.00
ArchitectfEngineer $ 40,000.00
TOTAL 32670 $ 554,000.00 $ 16.96
PRELIMINARY ACQUISITION ANALYSIS
Sources (12 units)
Proposed HRA participation ! 1$ 250,000.00
20 year tax increment current value at 4.5% interest
($20,348 over 18 years)
HRA public improvement assistance for utilities & parklna $ 124,000.00 :
Units purchased by Developer 12 @ $15,000 .. $ 180,000.00
TOTAL SOURCES $ 554,000.00
Estimated Tax Increment !
Redeveloped value - estimate $170,000/unit $ 2,040,000.00
Potential tax capacitY@ 1.40% $ 28.560.00
Adiusted tax capacity @ 1.12% $ 22,848.00
Less current base estimate $ (2,500.00)
TOTAL $ 20,348.00
!
MONTICELLO DEVELOPER INFORMATION
Land cost per acre- Greenfield $ 60,000.00 1.38 per sq. ft.
Site development per unit - Multi-family $ 10,000.00
Land cost 10 units per acre $ 6,000.00
Total per unit $ 16.000.00
Lot selling price per unit to Builder - Greenfield $ 28,000.00
,
Units sell at say $170,000 each
Unitflot = 17% of unit value
I
.
Page i
LANMARKSQIIHOUSI'lGa.06.D3Acqul.llion Com
.
.
.
HRA Agenda - 8/6/03
7.
Continued - Consideration to hear uudates:
A. Redevelopment of a portion of Block 51 - Mr. Sawatzke will give the
commissioners an update.
B. Redevelopment of a portion of Block 37 - No word from Tom Holthaus. I'll try
calling him again.
C. Discussion relative to the temporary TIF District No. 1-22 Bond. As you
recall this temporary bond was for three years, ending July 31, 2004. Now that
the State Auditor Reports are complete, the balance of TIF District 1 ~22 is $1.7
million. I need to check with the County regarding the elimination of the
Marquette Bank building on the tax roll causing a reduction of tax increment. The
impact may not be that great as the market values continue to increase within the
district. Assuming there are revenues to spend, what are some public
improvements the BRA may wish to see completed or expended by July 31,
2004'1 I will be working with Mark Ruff and Wolfsteller relative to bond
questions.
D. Phase I, II, and III design concept for a portion of Block 52 - Steve Johnson
called and he and Fred Katter will be at the lIRA meeting for an update.
Uperatmg ~tatement
! A.
I Ori!linal TIF-Plan
!3l1(!gct ;\mount
Icumuluti v~'ivI0d i fi~dl
I TIF-Plan BlIdget I
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
---....-...-".--.. $0.. r
$0
... __.___.u....._.__..u
$0
. ---.-..-------
$0
$0
$0
.,. ."~._ ."._ "" ..._m___ ________
$0
$0 I
C.
AccOllnted I"or in
Prior Y ~ars
D.
Revenues and Other Financing Sources (OFSs)
2002 Amollnt
$187.280
I
I
I
1-
1--- -
-fax innernent r..:venue
24.
$39.000.000
$0
$0
$0
$0
$0
$0
$0
$950.000
$335.368
$--l2.4D5
$2.150.DOO
$56.468
$6
Int~r~st on invested fllnds
Bond proce..:els
Loan proc..:cds
Special assessments
Sales/leas..: proceeds
Loan/advance repaym~nts
Crants
25.
$60.DOO
$0
$0
$0
$297.352
$0
26.
27.
28.
29.
$15.880
30.
$0
$0
$0
$ 18.000
$4,717
$20.674
$0
$0
- -.on _....._..._._ .__..
$0
$0
$0
$2,643.512 'I
31
$0
$0
$5.000
$0
$0
$0
$0
$0
$0
." n_...______....
$78.000
$627.632
32.1\
Oth..:r Local Conlribution
TIF Application Fee
Other Additional 'flF Fees
LOlln Schlid' dOIVnpaYlnent
32.8
32.C
32.0
$0
$0
$0
$0
--.-- -".. .-".-.-".---.. --.-- ---..-
$0
$0
$0
_.n... ._____...__... .. ._. ...., _.__________.
$0
$39,950,000 I
32.E Other
32.F Other (dcscribe here)
32.G Other (describe here)
32.H Other (describe here)
__.. "'_.._____.________. ._... n.. ___._ _.n_ __ _____
33 Trnnsfers in (from line 65)
34. Total Revenue and OFSs
Expenditures and Other Financing Uses (OFUs)
35. Land/building acquisition $4.275,000 $0 $624.248 $52.263
____..______._______.____ . n. ....._._______.___'''________..__,._'_.,,~._~,., ,.._,._ _.__.______..______ .______._____. "
36. Site improvements/preparntion costs $4,275,000 $0 $0 $ 114,455
--.-.--..--.-.. . -- - .-..-----.'''... - - .----.. - ._ .__.__....___._..u._________ ._____" .., '.".' __. , ...___ __.____.__.__.____.__ ______ ___ ______ 'u__.. m_..
37. Installation of publie utilities $4.275.000 $0 $16,381 $35,812
....__________.__ .__.._._....__ _._.____.__...._.__._ __..~ . _ . .___ _..___._ __.._.n_____._.____._._~_....,_ .."..~..~.. .. .n___._.....,,, ._...,.__..____.... . _.~.,..._._.~__.__,,__._
38. Parking facilities $4.275,000 $0 $0 $0
-.- -..--..-- ----- ---.-..---. - --- --.--- ...- .------..-.-.-.~._. ..." ~ .u~,...,. _._~..___.___ _______..._._____ ___"~.._."",,._._.. ',".~". ''''_..___.__.__ ___.._.u_., "._",..~~.
. 'UOM ~'_..~n'.~__._____.___._
39. Streets and sidewalks $0 $0 $0 $0
,.~...., ,.." ~,~..._. _..__ __ m. _ __..,,_. __ __. .__._.. ____.. ..n ._ _ _m. w._',. ._.. ".~ ______..____._._____ ___,___. "'_.~"._"". ___" ...____.___. ... ,~ ..,,_._~._._ .~,&.,~.....
..._._.._____". __.._"..
40. Public park facilities $0 $0 $0 $0
---.- .---."..,. - -. .. .------. ..-.-.....-."..--..----.-.--."..--... ,-, ...- .-..,.---.-.-.---.-.-----.-.-.-..- - -----.--.------..--- -------. - ---- .-.------.-..
4 I. Social. recreational or conference facilities $0 $0 $270,000 $0
_._.._.._.__.~.,,,", ,. .____..m.._..._._". .__..___._._..___.._..__.._.m_._........_.'".,."... ._______._______.____..____ ______..._..._________.___.__.._ __.... _. ._.... _____.__._.._.
42. Interest reduction payments $0 $0 $0 $0
___.____._u .__. .. ._.. ._._... ._.___._n___...__..._.__.... ._".._...__..~. _ ...__________.__..__,,___ __._____"..________..._ .___ _.,,______.___ ..,..,. ...._.__...___
43, Bonel principal payments $0 $0 $0 $0
- ..-- -..-.----.----.-- --.- - _.____.____.____ "."_._ _._ m_._ .. . . __._____. __________.._ ._______._.,,_..__..__._ ._.n._______._.....__.
44. Bonel interest payments $0 $0 $0 $ J08, 724
__. __ ____ _.__""__.____.._.__ n _____.__._.,,_.. ________._____.__._ u_ _.___'___._'_'__."_".__..._...".
45. Loan principal payments $0 $0 $0 $0
.... - ...., -- ...-------- -.. --- --.------.-.----. -..-. -"..._..~._._..._.- ... ._,,_.... . -- ------.--.---------.-.-.- .-..-..----.-- .------.-... - . ..-. --.-.----.-.-.-.,.".,
46. Loan/note interest paym~nts $20,000.000 $0 $0 $0
--.-.-. -.-..-".. .. ___"._...___ n.... .__...__.___.__...______._..______ u...n_".,.. .. _..____._____....,,_....__..___...._......___._.__,,__u._____."... _ ____.____.._.._ .
47. Administrativeexpenses $1,900.000 $0 $86,787 $22,152
---.,,-.-.-.-.-. . .__._.__.n__. . n_n___.m___..._ _.... ..... .__.".. ____._ ...__.__..__ ."_..,,.. __. ... ..m__ _ ._n...._.._..__._.____.._ __________.__.__. ._..
48.A Other Costs of Local Contriblltion $950.000 $0 $0
-.....-.. -..- .__... ___.______._".._.u ..__._.__.__.._..._.._.___...._ .
48.B Other Application F~e Reimbllr. $0 $0 $3.000
- ..-.. "..- ... --.-.... .. - __._ _ ._..... __no...._...__..._..._..__.._ .____
48.C Oth~r Property Tax $0 $0
48.0 BBFProject I interest $0 $0
48 E Other SchIi~f cfd paym~nt $0 $0
48.F Oth~r Hawkins loan paymcnts $0 $0
. .......-.-.----.-
48.G Bond Closing/Paying Agent Pee $0 $0
481-1 SchliefLoan $0 $0
49. Transl"ers out (I"rom line (9) $0 $0
SO. Total Expenditures and OFUs $39.950.000 $0
51. Revenues Over (tinder) Expenditures $0 $0
52. Fund Balance - 12/3112001
$0
$0
$4.885
$25.458
$10_154
$61,737
$33. 1 I 5
$22.676
$0
$1.158.441
$1 AS5.071
$2,229
$12,574
$1,863
$0
$374
$0
$0
$350.446
$277, 186
$1.485.071
$1,762.257
53. Fund Balance - 12/31/2002
TIF District Name: Tax Increment Financing District No. 1-22
2002 TI F District Report - Page J
.
Kennedy & Graven, Chartered
200 South Sixth Street
Suite 470
Minneapolis, MN 55402
(612) 337-9300
July 25, 2003
Statement No. 57289
City of Monticello
Accounts Payable
505 Walnut Street, Suite 1
Monticello, MN 55362
Through June 30, 2003
MN190-00079 TIF 1-26 (Twin City Die Casting)
~t) '-{a
L\ l, S?- ~
?\~.
Total Current Billing:
.
I declare, under penalty of law, that this
account, claim or demand is just and correct
and that no art of it has bee id.
riS), ~ (G ~ ~ Wi ~ rm
lf1l JUL 2 q 2D03 ~
()l( T() PlJ..Y? aU. ~ /R\(.~
1 " f'\ r", l) ~
\..; 1...;1 ,\~, ""-lo;!I;jII
CITY OF MONTICELLO
: .-, i '. i ..., ~
ft ~ 'j .. 8 ';';'~ I
140.00
140.00
.
Kennedy & Graven, Chartered
200 South Sixth Street
Suite 470
Minneapolis, MN 55402
(612) 337-9300
41.1225694
July 25, 2003
Invoice # 57289
City of Monticello
Accounts Payable
505 Walnut Street, Suite 1
Monticello, MN 55362
MN190-00079 TIF 1-26 (Twin City Die Casting)
Through June 30, 2003
For All Legal Services As Follows:
6/23/2003 EMT Message from O. Koropchak regarding extending
compliance with and changing goals for business subsidy
provision in developer agreement, review agreement and
file documents.
EMT Review business subsidy statute, agreement language,
return call to O. Koropchak.
6/24/2003
.
Total Services:
Hours
0.50
0.50
$
Total Services and Disbursements: $
.
Amount
70.00
70.00
140.00
140.00
.
Kennedy & Graven, Chartered
200 South Sixth Street
Suite 470
Minneapolis, MN 55402
(612) 337-9300
June 30, 2003
Statement No. 56976
City of Monticello
Accounts Payable
505 Walnut Street, Suite 1
Monticello, MN 55362
Through May 31, 2003
MN190-00080 Midwest Graphics Amendment
MN190-00097 TlF 1.a \. "'}~
MN190-00107 2003 TIF Legislation
.
Total Current Billing:
Ol( TO PAY? O/l:L / l2-\"v-
'Code:
';;~;~j a'
CITY OF MONTICELLO
1,981.00
182.00
2,319.75
4,482.75
.
Page: 3
Kennedy & Graven, Chartered
200 South Sixth Street
Suite 470
Minneapolis, MN 55402
City of Monticello
"? \ ~ . u. \., s ~ '3. ~ 0 '-\. 0
May 31, 2003
MN190-00080 Midwest Graphics Amendment
Through May 31, 2003
For All Legal Services As Follows: Hours Amount
5/2/2003 SJB Review draft Amendment; phone call with A. Dickinson. 0.75 131.25
5/2/2003 EMT Review file documents including contract for private 2.20 308.00
redevelopment and first amendment to contract for private
redevelopment, correspondance and notes, draft first
amendment to first amendment to contract for private
redevelopment.
. 5/19/2003 EMT Revise Second Amendment to Contract for Private 1.50 210.00
Development, begin review of assignment agreement.
5/21/2003 SJB Review/revise Contract Amendment; phone call with O. 2.00 350.00
Koropchack re: same.
5/22/2003 SJB Finalize Second Amendment to Contract. 0.75 131.25
5/27/2003 EMT Review S. Bubul's revisions to Second Amendment to 0.20 28.00
Contract for Private Redevelopment.
5/29/2003 SJB Phone call with A. Dickinson re: contract amendment; 0.50 87.50
revise same and email to parties.
5/30/2003 EMT Call to A. Dickenson, J. Griese regarding review of 4.00 560.00
Second Amendment to Contract for Private
Redevelopment, email Second Amendment to J. Griese,
draft amendment to Loan Agreement and Note to reflect
new schedule.
5/31/2003 SJB Review/re\1se amendment to Loan Agreement. 1.00 175.00
Total Services: $ 1,981.00
.
.
Page: 4
Kennedy & Graven, Chartered
200 South Sixth Street
Suite 470
Minneapolis, MN 55402
City of Monticello
May 31, 2003
Total Services and Disbursements: $
.
.
1,981.00
.
Page: 5
Kennedy & Graven, Chartered
200 South Sixth Street
Suite 470
Minneapolis. MN 55402
City of Monticello
?\ 3 . L'I ~ ~ ~3 .~f1Lfo
MN190-00097
r \ ,.-?- '?-
\1:-~
~
May 31, 2003
Through May 31, 2003
For All Legal Sel'\lices As Follows:
5/7/2003 EMT Call from J. Wazuwetz at Hans Hagen regarding
certificate of completion for townhouse, re\Aew of contract
for private development. call to O. Koropcheck.
Hours
0.80
Amount
112.00
5/8/2003 EMT Call to O. Koropcheck regarding proceeding with 0.20 28.00
Certificate of Completion.
5/13/2003 EMT Message from J. Wazuwetz. call to O. Koropchak 0.30 42.00
. Total Services: $ 182.00
Total Services and Disbursements: $
182.00
.
.
Page: 6
Kennedy & Graven, Chartered
200 South Sixth Street
Suite 470
Minneapolis, MN 55402
City of Monticello
l.\ t 'S ""'J-. ":J ~
? \ ~ _.. V-
,?c,\O
May 31. 2003
MN190-00107 2003 TIF Legislation
Through May 31, 2003
For All Legal Services As Follows: Hours Amount
5/1/2003 JJC Work on lobbying Senate tax Committee members; 1.00 165.00
meeting with Senate tax staff.
5/5/2003 JJC Conferences with legislators regarding House Tax Bill. 1.00 165.00
5/8/2003 JJC Conference with Senators regarding provision. 1.50 247.50
5/13/2003 JJC Pass out information to Senate conferees re: T1F 1.00 165.00
. provision; conference with rep. Mark Olson; conference
with Senator Pogemiller's staff.
5/16/2003 JJC Work on lobbying T1F provision in conference committee; 2.50 412.50
attend conference committee meeting.
5/17/2003 JJC Attend conference committee hearing on TIF provisions. 2.00 330.00
5/19/2003 JJC Conference with client regarding weekend action of Tax 2.25 371.25
Conference Committee; review fax from client;
conferences with Reps. Bruce Anderson and Mark Olson;
conference with Rep. Ron Abrams requesting
recons ideration.
5/21/2003 JJC Telephone conference with client regarding status; 0.50 82.50
conference with rep. Mark Olson.
5/23/2003 SJB Phone call with O. Koropchak re: bill; draft revision; 1_50 262.50
message to Rep. Olson.
5/26/2003 JJC Follow up with Rep. Mark Olson re: compromise 0.50 82.50
language; conference with rep. Bruce Anderson.
5/27/2003 SJB Phone call with J Choi re: status. 0.20 35.00
Total Services: $ 2,318.75
For All Disbursements As Follows:
.
Fax
1.00
.
Page: 7
Kennedy & Graven, Chartered
200 South Sixth Street
Suite 470
Minneapolis, MN 55402
City of Monticello
May 31, 2003
Total Disbursements:
Total Services and Disbursements: $
.
.
$
1.00
2,319.75
.
.
.
HRA Agenda - 8/06/03
9.
Consideration of Executive Director's Report.
a) TIF State Audit Reports completed and mailed July 31, 2003.
b) Semi-annual TIF pay-as-you-go payments paid August 1,2003 except Standard Iron as
County reduced assessed value for payable 2002 and 2003 therefore an adjustment to the
August TIF payment was made. Check in progress.
c) Survey _ A survey of development costs was prepared using UMC as a model and e-
mailed to about 20 communities. Land cost and if publicly or privately owned industrial
parks were some of the questions. One response from Big Lake.
d) The mini NW Corridor task force met on July 10 at 12:30, city hall. The group
evaluated four industrial sites identified in the Comp Plan Land Use Map. 1 talked with
both lIorst Grazer, Gold Nugget, and Steve Lehr, CB Richard Ellis, representing
Chadwick's property. O'Neill to ask Council to authorize soil testing for the Osowski
area.
e) EDA gave a presentation to the owners of Block 35 on July 29. Five of the seven
property owners were in attendance. The EDA offered an EDA/property owner
partnership to foster a revitalization project including rear cosmetic facade,
walkway/plaza area, common trash area and parking improvements. Ratio of financing
1.35 Public: 1.0 Private. Owners in attendance will report back to the EDA in October.
1) Marketing Committee _ Opportunities upcoming - Sponsor a hole at the Wright County
Partnership Golf Outing in September and advertise on EDAM's web site and Partnership
Brochure.
g) Industrial leads _ 30-100 acres, 250,000 sq ft to 500,000 sq ft grocery distribution
center. 30-50 jobs, $12 to $18 per hour wages. No outdoor storage, not large water user.
Lead from State. Out state grocer.
60,000 sq ft industrial user looking to relocate from Rogers, Rockford, Hamel area. 10-
12 acres. Lead from real estate broker.
25,000 sq ft Golden Valley electric/plumbing distribution center looking for lease space.
Outdoor storage. Lead from real estate broker.
30,000-50,000 sq ft offi.ce building for lease. Call Center. Property Management Firm.
20,000 sq ft. Construction equipment sales, maintenance, parts & repair. 5 acres.
Concrete business - two silos, outdoor storage, 5-10 acres.
Remmele building being looked at by a building contractor from Buffalo per real estate
agent.
h) UMC _ Toured lJMC building with Don Toman on July 14 and was guest at Rotary.
Open House planned for the week of October 6. UMC was presented with the National
Tooling & Machining Association Safety Award.
i) TCDC _ Twin City Die Castings received approval from the City to modify the job
creation requirements within the City Loan. Reduction from 85 full-time jobs to 42.
Reasons: Overall economy, global competition, use of robotic equipment resulting in
higher skilled jobs but less jobs, and their utilization of several full-time temporary
lIRA Agenda - 8/06/03
.
.
people which do not qualify for the City (irant. Federal dollars must satisfy I IUD
requirements. Interestingly, the projected 42 jobs will generate a total annual wage equal
to or greater than the 85 jobs. The time for hiring of the 42 jobs was extended to July 26,
2004. Doug Ilarmon told me yesterday, they just got a contract for a million dollar job
for the Monticello facility. The Monticello facility is profitable. The State must now
ratify the Council action of July 28.
j) Executive Director was on vacation from July18 to the 29.
k) Second TIF payment to Central Minnesota Housing Partnership was mailed on July 8,
2003 after receiving money in escrow documentation. Note landscaping and irrigation
installed. Third and final payment yet to be released. Will check with CMHP to see if all
11 homes are sold.
I) JAC Development, LLC - Attached is a letter to Mr. Van Heel requesting signatures
and payment of TIF Deficiency and administrative costs. 'rhe Deficiency was calculated
based on payment by August 1,2003. I have not heard from Mr. Van Heel at this time
nor Production Stamping. Will try calling.
m) 2004 City Budget - 2004 budget time is upon the City. Is the HRA interested in
requesting matching dollars for future industrial land? Last year, the requested matching
funds was $100,000 each (City and lIRA). lIowever with the City's reduction in HACA,
the 2003 matching fund from the City was reduced Ii'om $100,000 to $66,650. Combined
fund balance is now $731,650.
n) Table of housing/commercial projects.
.
2
CITY OF MONTICELLO
ACCOUNTS PAYABLE
505 WALNUT STREET' SUITE 1
MONTICEllO, MN 55362
763"295-2711
DATE
07/24/2003
TWELVE THOUSAND SEVENTY ONE AND 71/100 DOLLARS
PAY TO
THE
ORDER
OF
PRESBYTERIAN HOMES HOUSING
AND ASSISTED LIVING, INC
2845 HAMLINE AVE NO
ROSEVILLE MN 55113
~'o~
75.H
~
NO.
73599
MARO<J~Tl ~ ~ANK ' MONTICELLO. P.o. BOX:
MONTICELLO, MINNESOTA 55362 . Uti3) 290'21
CHECK NO,
AMOUNT
73599
$12,071.71
(:i~}'~~"':':':'??7/~-"\~:' ';:::'~:'::~:/:::::}:::;:,:l
__-*~,.:,,:}S.AUt'J!~ (vI J. VI/a",- ",:::"~".:':'i
I' ',:' .....'.'.2' ~ .... ..... J
."..........( 1~...~. '........"
:/~.......:-' !~. flU :4.' .Ii:>:..'>:
,." .... . /-. c.....I.",.
~'"''':''''''''"''' ..", ...... ,..c. "......."
. , ., ~,.,.. ..,~.._M,.'_~_..~_".~~~~'~~'~'_.__''''"p~,,,,~~
II- 0 7 3 bOO II- I: 0 11 . 0 . b b ... 71:
7 bOO O. 711-
VENDOR 001217 PRESBYTERIAN HOMES HOUSING
07 24 2003
nF.~rR T P'T'TOl\T
~M()TTNT
FUND & ACr.01JN1'
P 0 #= Tl\T\TnTrF.
213.46519.6511
AUG 2003
.
.
CHECK
73599
12,071. 71
TOTAL
12,071. 71
CITY OF MONTICELLO' MONTICEllO. MN 55362
CITY OF MONTICELLO
ACCOUNTS PAYABLE
505 WALNUT STREET' SUITE 1
MONTICEllO, MN 55362
763-295-2711
DATE
Q..'o
75-1664
'""'9'lO
NO.
73643
MAROUETTE; BANK - MONTICELLO' P,O, BOX 729
MONTICEllO. MINNESOTA SS362 . (763) 295-2962
CHECK NO,
AMOUNT
07/30/03 73643
THREE THOUSAND NINE HUNDRED NINETY THREE DOLLARS AND 00/100 DOLLARS
$3.993.00
PAY TO
THE
ORDER
OF
CEDRUS CREEK CRAFTSMAN. INC
ATTN: JOHN KONAREK
12420 ARMITAGE AVE NW
MONTICELLO MN 55362
c.;,:'~:~;>g':':':'i:';::'iC'-';),'t":~'2"';:':::/.:'.:77.:
1--.." ..." M~ / u;t, .. ..,"--,
1::::/:::/ /"'j /'r ' ,/.-::/: i
.... .,..., .. f1'Y'd';Z" U '...... "" I"
,:'".",:/ -if tf ' ' "..:',,1
I'....:.....:.V(~ ' j't 7/" ':3-'-.'::.""
"- ":. .. :~/.. .. .. ..,,"'~; ~,,>
II- 0 7 3 b ... ~ II- I: 0 11 .0 . b b ... ? I:
7 bOO O. 7111
VENDOR 001114 CEDRUS CREEK CRAFTSMAN. INC
07/30/2003
CHECK
73643
'\
FUND & ACCOUNT
p.o.1f INVOICE
DESCRIPTION
AMOUNT
213.46520.6511
AUG 03
TIF 1-20
3.993.00
TOTAL
3.993.00
.
.
,/
CITY OF MONTICELLO' MONTICELLO. MN 55362
CITY OF MONTICELLO
ACCOUNTS PAYABLE
505 WALNUT STREET' SUITE 1
MONTICELLO, MN 55362
763-295-2711
DATE
Ov\-;;>
75-1664
g:jQ
NO,
73612
MARQUETTE aANK - MONTICEllO' P.O. aox 729
MONTICEllO, MINNESOTA 5S362 . (763) 295-2952
CHECK NO,
AMOUNT
07/24/2003 73612
TWENTY EIGHT THOUSAND TWO HUNDRED SEVENTY AND 00/100 DOLLARS
$28,270.00
1110 7 ~ b . ~ III I: 0 ~ .0 . b b ... 71:
~~~G>~:;r:
V::::',:/:::,~.4~, /6!!_pl~::c:::..,,:,.. ~.(,;<,:::>'
7bO 00. 7111
PAY TO
THE
ORDER
OF
ST. CLOUD HOSPITAL
C/O ST BENEDICT'S CENTER
1810 MINNESOTA BLVD. SE
ST CLOUD MN 56304-2416
VENDOR 000411 ST. CLOUD HOSPITAL
07/24/2003
CHECK
73612
'\
FUND & ACCOUNT
p () # TN\lOTr'R
nRQr'R T P'T'T nl\!
AMOTThJT
213.46524.6511
AUG 03 TIF
28,270.00
TOTAL
28,270.00
.
.
'-
./
CITY OF MONTICEllO. MONTICELLO, MN 55362
"\
CITY OF MONTICELLO
ACCOUNTS PAYABLE
505 WALNUT STREET. SUITE 1
MONTICELLO, MN 55362
763.295.2711
DATE
o...~
75-1664
~
NO.
73506
MAROUETTE BANK - MONTICE;I.LO . PO, BOX 729
MONTICELLO, MINNESOTA 55362 . (763) 295-2952
CHECK NO
AMOUNT
07/24/2003 73506
TWO THOUSAND FIVE HUNDRED SIXTY TWO AND 00/100 DOLLARS
$2,562.00
PAY TO
THE
ORDER
OF
BBF PROPERTIES
BARRY FLUTH
204 LOCUST STREET
MONTICELLO MN 55362
(:.:::',:".:/;;e:';':'?=::'.;-.- ?")' ""-.:. '~.. '::-::/;'L?::,:,':'
1:_.....:........:::>"'...... 11....../1.' ';:.., ..
d1iJ; tlj(f:;;;;;;fE
-------"
III 0 7 l 50 7 III I: 0 l1 .0 . b b ~ 7 I:
7 bOO O. 7 III
07{24/2_QQ3
CHECK____
73506
vENDOR 001295 BBF PROPERTIES
I-<JJND_ & ~CCDII!SLT
un______Poo 0# .._ _ Tl\TIlOTr'E..________ nESCRI--P-T-WN-
AD/lOTjJ}TT
)13.46522.6511
JULY 2003
2,562.00
TOTAL
2,562.00
.
.
CITY OFMONTICELL6~-MONTICELLO, MN 55362
CITY OF MONTICELLO
ACCOUNTS PAYABLE
505 WALNUT STREET. SUITE 1
MONTICELLO, MN 55362
763-295-2711
DATE
QV)
"'\
75-1664
9i'O
NO.
73511
MARQUETTE BANK. MONTICELLO' P.O, BOX 729
MONTICELLO, MINNESOTA 55362 . (763) 295-2952
CHECK NO,
AMOUNT
07/24/2003 73511
THREE THOUSAND THREE HUNDRED SEVENTY AND 00/100 DOLLARS
$3,370.00
PAY TO
THE
ORDER
OF
BLUE CHIP DEVELOPMENT COMPANY
105 MISSISSIPPI DRIVE
MONTICELLO MN 55362
os:>: ':':'::,,',:,':';':';::..{-' " '): ,,:,....~~.,.::.<>.:.ttD
__jc;-:.:--:.1S;t~ ) :.lU~.;:..:.1
-, \:,:,:~,:,:,:':'. (") ~I :' 'f' 1/ /}:::.:.:.:::.:.j
\:{~::::/~:.:;y.<<0:. ?U/7/~r-:.!.~~:~,(:':Lb
./
1110 7 ~ 5 1 2111 I: 0 l1 10 l. b b L, 71:
7 bOO 0 l. 7111
VENDOR 000172 BLUE CHIP DEVELOPMENT COMPANY 07/24/2003
CHECK
73511
FUND & ACCOUNT
P 0:# TN\TOT('P.
rmqr'R T P'T'TOl\T
:n MOTTl\TT
213.46525.6511
AUG 03
3,370.00
TOTAL
3,370.00
.
.
'--
"'
CITY OF MONTICEllO' MONTICEllO, MN 55362
CITY OF MONTICELLO
ACCOUNTS PAYABLE
505 WALNUT STREET' SUITE 1
MONTICELLO, MN 55362
763-295-2711
a... '0 910
NO.
73553
MAROUETTe BANK - MONTICEI LO. P,O, BOX 729
MON1ICi,LLO, MINNESOTA b5S62 . (763) 295-2952
DATE
CHECK NO.
AMOUNT
$2,924.00
.
07/24/2003 73553
TWO THOUSAND NINE HUNDRED TWENTY FOUR AND 00/100 DOLLARS
PAY TO
THE
ORDER
OF
INTEGRATED RECYCLING
TECHNOLOGIES, INC. S.BUDD
9696 FALLON AVE NE
MONTICELLO MN 55362
1?/::;i'::' ;'i:':::',::/"c,<, .,-o~~';'~;'::~:'::/'i,\:;~:~~i
:.J:.;:, /" 1.1. ./:.:/:
.... ...... ..tJ "'IJ.",, 'Iff Ii,', ...... ....J
,..:'....;'V. "'1:",~':""-:"
/:::,:':'::.. .~ WI /;4-./.... ..". t.:,;'.:.:>
.--.,., .,.----... ~--.---..................-~~.-.-...--.-----~-_."._~~~~~_......~-
II' 0 7 l 5 5 ~ III I: 0 I:i l. 0 l. b b ~ 7 I:
? bOO 0 l. 7111
VENDOR 002091 INTEGRATED RECYCLING
07 24 2003
CHECK
73553
FUND & ACY'01TN'T'
P 0 if Tl\T'iTOTr'P.
f)'l:;~ c:: (''R T P'T' J nt-T
~MOTTl\1T
213.46528.6511
AUG 03
2,924.00
TOTAL
2,924.00
.
.
CITY OF MONTICELLO' MONTICEllO, MN 55362
CITY OF MONTICELLO
ACCOUNTS PAYABLE
505 WALNUT STREET' SUITE 1
MONTICELLO, MN 55362
763-295-2711
DATE
av\o
75.1664
-----g,o-
NO.
73624
..
........."nCELLO
MAROUETTE BANK _ MONTICELi-O . p.O. BOX 729
MONTICELLO, MINNESOTA 55362 . (763) 295-2952
CHECK NO.
AMOUNT
07/24/2003 73624
~IGHTEEN THOUSAND EIGHT HUNDRED FIFTY AND 64/100 DOLLARS
$18,850.64
-
PAYTO
THE
ORDER
OF
TWIN CITY DIE CASTINGS CO.
ATTN: DOUG HARMON
1070 SE 33RD AVENUE
MINNEAPOLIS MN 55414
(--:;-::,,::....,:.,,:.: " ,-, 'r~', ,.='C" "..,~-:'0:...:.:.,::.,:~7,:,. ,',,',:'.,.,
I"i:/~.".. / . . ~~',j::i'
\XY.cr: vui(;@~h
......=",~__--!.:r----....-..........~_._-~_. ,-,..,-,'"
~
II- 0 7 ~ b 2 511- I: 0 q .0 . b b It 71:
7 bOO O. 711-
TENDOR 000456 TWIN CITY DIE CASTINGS CO.
07 24 2003
"UND & ACr01TN'T'
P n:/;t; T'!\mnTrR
DFSC'lU~TION
AMOUNT
H3. 46526.6511
AUG 03
18,850.64
TOTAL
18,850.64
.
.
CITY OF MONTICELLO. MONTICEllO, MN 55362
1.
Wri~~t County Ec?nornic Development Partner~~i~
fl.Lst Annual Wright County Scramble 2003
A Golf Outing for Marketing & Socializing q Q ') .
Date: September 25, 2003
Registration: 12:00 Noon
Shotgun Start: 1:00 p.m.
Dinner: 6:00 p.m.
Awards/Raffle: 6:30 p.m.
-..it.
.J.
""~
'.
Golf and Dinner .................................................................. $ 55.00
, .. ........ '.' . .'. ................ .... .... .... ........ ..' '. .,,{i .' .... .. ....!../v.."~,!,'
.....,'. ,..........$l()():.Jnelud~..dinner, .program'..and', .pre~nta.~ion,i!lti~Q~~1,;<i,~~7115'fGr...m~mberS)
. "I""ili.,.esigoed t(),allow.cqmmUn.~fes .of!"tlrjll~qQun~.an ..QPportu~,,:tQrmake.a.,pre$$l1tC3ti,on
...,..'I,;,Pj)ij(',"'fr..Q<WlmunM''8tttHiJ'~ee.....boKe$~............... ,i..,,;.....'.....;:;.;;.........;....i:;..AI,.,.jpI'Ii';..'.;.,'....','. ,,;,;,'lii' ..' '.' .... . .... ..
.' .
j '. .....'.'... .'. '.',., . ..... '.' . ...... . . ".' "'.,""" ...,'.' ,).,'.. "';C'. .,'. ". .' ... ,,"'"!"'.
...........I,K~i.:WJtI'.ill$(i:M!'~p~~nuriit1'f6t.,c6mp8.riYipre..,.t'orls1\'/li':'/i,............. ';" '~';;;;;'!'~.:' >1""'::'".',
iq,,'f0fi:~~},:i....;'t,I'\:<;, :.::,' '."," , /:'~ 'i"'i, :.':'.....,:..."...\:" ':",', :,','" ,',i':i:'f.',', "'. :,:,,, ,:' , "::.' ",:: ,)," ' .
J^,&"R"J\~RS:'
~n'um $500
Contests Include:
Signs on 20 carts, display banner at club house, name and logo on
programs, honorable mention, allowed four players and hole
presentation.
Name and logo on programs, honorable mention, hole presentation,
recognition at banquet, and allowed two players.
Name and logo on programs, honorable mention, hole presentation, and
allowed one player.
. Hole In One · Longest Drive
. Closest To.Pig,, · Longest Putt
.. MulligaQ'~.for sale'@.$10." fVI.~~il,~i~jed'~yE~~onwho,:pllirchased. t~e'Mulligan.
"""',,,?' . .. ..' '.' .:". . ..... " .........'.' , .......,'" ......... . '. ..,ii" ,......
"'PrOc$eds raised. at theWtightC()Unty..~rc:>mi_~~.IGQI1~9;W,"na~nt;~ill/l?~/U~edinpartfor
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Gold
$300
Silver
$200
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j
I
CITY OF MONTICEllO
ACCOUNTS PAYABLE
505 WALNUT STREET. SUITE 1
MONTICELLO, MN 55362
763-295-2711
~\< .
75-1664
9W
NO.
72765
MARQUETTE SANK, MONTI(,ElLO . P,O, BOX 729
MONTICELLO, MINNESOTA 55382 . (763) 295-2952
,.
DATE
CHECK NO.
AMOUNT
05/12/2003
FIFTY TWO THOUSAND FIVE HUNDRED AND 00/100 DOLLARS
72765
$52,500.00
PAY TO
THE
ORDER
OF
CENTRAL MN SINGLE FAMILY
HOUSING, LLC
PO BOX 2222
ST CLOUD MN 56302-2222
~ ;.,..;..,.".,{,")' ,.:, :.,,:::C".': 'I;';'~'~::~;::'-:>,
.. ....~ ":"'''V ~......,
C;:;;~;C~ m~]mJ---
II- 0 7 2 7 b 511- I: 0 q ~ 0 ~ b b l. 71:
7 bOO 0 ~ 7"-
vENDOR 002674 CENTRAL MN SINGLE FAMILY
05 12 2003
CHECK
72765
FUND & AC~01TNT
p 0 '* TNVOTr'F.
nF.~('RTP'T'TON
Z\MnnN'T'
213_46530.5101
TIF DIST#1-30 2ND PMT FOR COMPLE 52,500.00
TOTAL
52,500.00 j
.
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f\- 'b
.
./
CITY OF MONTICELLO' MONTICELLO, MN 55362
July 1). 2003
MONTICELLO
.
.
Charles Van Heel
Allied Properties & Management. LLC
20600 County Road 8]
Rogers. MN 55:; 7-+
RE: JAC Development. LLC Matter
Dear Chuck:
The commissioners of the :Ylonticello Housing: and Redevelopment Authority U\uthority) approved the
Second Amendment to Contract for Pri\ate Redevelopment bemeen the HR..\ and JAC Development
LLC. the Assignment of Contract for Pri\ate Development bet\\een JAC Development LLC and
Production Stamping. tne.. and the Amendment to the Loan Agreement bet\\een the City and HRA on
June -+.2003. following your presentation,
Attached is a copy of the Second\mellument t\.,r e;.;eclltion by J:\C andnutarizatipn: cupy of the
\ssignment for e\ecution by .lAC and Production Stamping and notarization: copies of in\oices for ()ut-
p()C!-.:et costs attributed to negotiations anu preparation of the Secpnd .-\m"'lldlllcnt: and an invuice from
the A uthurity,
Please have the appropriate documents ...;.;eclIted and notarized and return the originals to the Monticelln
HR,,\ along \\ith a check in the amount of $18.795 (the '"Deficiency Payment'") and a check in the
amnunt of S1.500 (Authority out-of-pocket costs), Please mail to \Ionticello I-IRA. Ann: Ollie
K()ropchak. 505 Walnut Street. Suite I, i'vlonticello. rvlN 55362, Should you have any questions. please
call1lle at 763-271-3208.
Sincerely.
HOLSING AND REDEVELOP\IENT AUTHORITY
IN A:'-JD FOR THE CITY OF MONTICELLO. :'vII0JNESOT A
a~ \~ cl\ 0 I(i)~
Ollie Koropchak
Ewcutive Director
E nc losures
c:
Autlwrit\ Fik
HRA Attorney Steve Bubul
C\ \J
\Iontic<:llo City Hall. 505 Walnut Street. Suite 1. Monticello. ~IN 55362-RR31 .1763) 295-2711 . Fax: (763) 295-4-10-1
Office of Puhlic Works, 909 Golf Course Rd.. Monticello, MN 55362 . (763) 295-3170 . Fax: (763) 271-3272
.,......-----
.
.
.
TIF DISTRICT NO. 1 ~23
MIDWEST GRAPHICS
INVOICE
July 8. 2003
l'vlONTICELLO HRA OUT-OF-POCKET COSTS
ASSOCIATED WITH PREPARATION OF SECOND AMENDMENT
May 10. 2003 Ehlers & Associates
$ 125.00
May 2 L 2003. Kennedy & Graven
$ 1.068.82
May31. 2003, Kennedy & Graven
$ 1.981.00
TOTAL COST TO AUTHORITY
$3,174.82
AMOUNT DUE FROM .lAC
$1,500.00
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