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IDC Agenda 01-21-1993AUENDA .~10NTICEi,LO INDLTGTRIAi, DEVEi,Oc MESvT GOMMITT. Ti1ZZr:sciay, .January 21 , 1993 - 7:00 a . m . City Hu11 MEMT3ERS : t,I~airperson Shelley Johnsc,n, Vice Chairpers5on Don Snot}Z, Treasurer Ran Hoglund, Lovaell Schrupp, Arve Grimsma, Jay f9orrell, Harvey Kendall, I~e~z Maus, DE~Llrxis Taylor, .John McVay, Dave Peterson, Linda Mielke, Kevin Doty, Ta;n Lindquist, Steven Lcamme, Mer.ryln Seefeldt, Cyndie Johnson, Gandy T3ezioit, and Mary M.icke. STAFF: Rich Wolfstellex•, Jeff O'Neill, aiid Ollie Koropehak. C~LTFST: Ghamber President-Elect Dr. Glenn Pdemec. 1. CALL TO ORDER. 2.. GONSIUEF:ATION TO APPROVE THE DI:C:EMBEF: i 7 , 1992 IDC MINUTES . 3. CONSIL'LRATI()N TO HEAR i~.IV'D ACCEPT TTIE IDC FINANCIAL TZEF()RT. 4. CONSIDERATION OF PROSPECT UPDATES: a) Custom Canopy b) All-Temp Distribution c) Wil:~oil Tool International, Tnc. d) Leo Adams e) Commercial Greenhouse f} Recreational Parts and Equipment }3i~.E U}?DATE a} GenEreux Fire Wood Products 5. CtNSIDERATION TO TZEVIE4d AND ADOPT THE 1993 ECONOMIC DEVELOPMENT WbRK PLAN AND IDC BUDGET. 6. CONSIDERATION TO REVIEW AND ADOPT THE IDC ()RU'AI~TTi:A'1'iOT~tAL A~tD MEME3F;RSHIP GC)IDF:I,INI:S . 1. CONSIDERATION TO ELECT TDC OFFICET~.S: CIiAiR, VICE-C:~ATT~., AND TREASURER. s . GONSIDERATION TO VOLLTNTElaR FOR BRE VISITS AND IDG COARMITTEES . 9. OTTiER F3USINESS a) Quad--County Network Meeting ~:rAd Members . k~ } TiicJh-Speed Rai 1 TJpdate . r.} Chamber Banquet, Tuesday, January 25. d} "Monticello Day at the Capitol", Thursday, .January 23, 10 . AD JOlTRNMEPIT . • MI~v'UTES MONTICI.I~LO INDUSTRIAL DEVELOPMENT COMMITTEE Tl~iursday, December 17, 1992 - !:00 a.m. City Hall MEMBERS PRESENT: Criairpersor~ Shelley Joi~rison, V=icy: Chairpersari I)on Smith, Treasurer Ron Haglund, Arve Gr.imsmo, Ken Maus, Dennis Taylor, Johri McVay, Dave Peterson, Steven Lernme, Merryln Seef`ldt, Candy Benoit, and Mary Micke. MEMBERS ABSENT: Lowell Schrupp, Jay Marren, Harvey I.endall, Linda Mie1kF, Kevin Doty, Tom Lirxdquic~t, and C;ysidie .Johnson. STAFF PRP,SENT: Ollie Karopchak. STAFF ABSENT: Rick Wolfsteller and Jeff O'Neill. 1. CALL TO ORDER. Chairperson Jchnson called the IDC meeting to ardor at 7:05 a.m. grid thanked Mr. Hoglund and Mrs. Benoit far the Christmas treats. • 2. G'ONSIDEItATION TO APPROVE THE NOVEMB~:R 1~ AND THE' DECEMBER 10 1992 IDC MINUTES. Mary Micke made a motion to approve the NovE~rnber 1C} and December 10, 1992 IDC minutes, seconded by Ron Hoglund. With no additions or carrectioris, the min~ut€~s were approved as written. 3. CONSIDERATIOrJ_TCi HEAR AND ACCEPT THE IDC: FINANCIAL, REPORT. Treasurer Hoglund reported a Metropolitan balance of $5,235.40 and a Wright County balance of $5,413,87 for a total balance of $10,650.27 with no outstanding bills. Dori Smitri made a motion to accept the TDC financial report, secrizded by Jahn McVay. Witri no additions or corrections, txie financial report was accepted ar~d filed as given. 4 . CONSIDERATIOJy' OF' PROSPECT UPDATES a) Custom Canopy - City staff met with Mr. Jim P:Qyl acid reviewed their preliminary building and site piaT1S. With recommendations made to accommodate adequate truck turn- around, etc., the company appears to be more interested in Lot 6, Block 2, Oakwood Industrial Park (earner of Fallon and Dundas) or the Monticello Commerce Center area directly acrass tie road. The approximate 8,400 sq ft • office/production facia.ity will allow fora inho~zse storage of material with drive--through accessibility. The company plans to make the necessary plan adjustments ar~d seek construction estimates. TYie HRA approved the preliminary project concept and pending fii~.al compliarAces, agreed to ari anxiuul TIF pay-as-you-go assistance of $5,00() aver eight years. b) ~~di.lsor~ Tool Iriternatior~al, Inc. - Tiii;> 2E; year--old company fr=:,m tvrhite Hear Lake is looking far an expansion site. The campany also has a plant in England. They produce punch and tie replacement parts, currently employs 35;) ax-id runs three shifts. New coxistr°uctian would be a 20,000-40,000 sq ft concrete facility o.1 five acres with anticipated emplaymexit of 40 jabs within three years. Average wage is $12.00 per hour. Timeframe i5 a ' 93 project . ,Taal I,aValle of Remmele axed blaur°een Steinwa]-1 of Steinwall, Inc. referred the company to Montiicella. Manticello's marketing infor;nat:ion was mailed with additional information an Monticello wades, property taxes, and land casts being faxed upon request. The company is looking at other Minnesota and Wi:~cor~sin locations. The HFtA was supportive of the project. c) Andy Robinson -- Mr. Robinson a Monticello resident previously worked for FSI before starting up Right-Choice Services, Inc., a coupon/redemption marketing facilit.-;t-.=.1i campany. Trie company employs thirteen of which ten employees reside in the Monticello area. The campany currently leases a facility in Maple Grave. TYae • general labor wage average is $G.00 per hour and tkxe company offers profit sharing,'cafeteria plan. Tiic: campany has set a one-year ti;neframe to make a decision regarding relocation based corripany growth and current lease problems which are limited space and structural. The referral vaas from Ji1r~ Fleming. Tie company plans would be to }guild or lease a total 10,()00 sq ft two-atory facility. d) U:: Satellite Broadcasting, Inc. -- ;;oropchak reported that prior to Mr. P.iersan's meeting with Mr. iiubbard, a company deci:~ian Y-iad already beer: made to locate t:ic~ telemarketing-operators center in northwestern Iowa. e) A11-Temp Distribution Campar~y - President Jahn Halrrcari contacted :orapchak upon the recommendation of Jerry Rase , Sunny Fresh Foods . The fungi ly--owned business va~.s started ira 1385 and is hauled in a 425,000 sq ft facility ire Fridley orr 25 acres . The campany is looking tc expand and build an approximate 50,c)00 :~q ft refrigerated- starage facility. Estimated 20 full-tame forklift, service customer and clerks with ave;~age wages of $8.00 to $20.00 pEr hour. TYie campany desire: -~a.i1 ~ax~.d estimates 20-40 trucks in and out per day from 5:3G am to 6:30 pn;. Company customers are Sunny FresYi, i-iuagen Daz.s Ice Cream, Tambstor~e Fizzes, Green Giant, etc. A spring c.anstruction is anticip~.ted. Mr. iialmari was receptive to an IDC visit and plans to visit Monticello after the • r,oi:iduys . • IDC MI,JUTES DECEMI'~ER 17 . i J92. f) Larry 6Jeidt - This Realty tTJarld agent from Buffalo way looking for ~3i~ approximate 15 acre level-site with natural gas accessibility to house a ~CC,CCO sq ft grec?nilotz3e . This a iiG'w bizSlneSS ~znd ile l:s t7.T'iaLVt3r ~ Gf the anticipated job creation. g) Irish Company - Koropchak reported Pair. Barry Fluth's deacis.ion was riot to contact Mr. IrisrA as tk'.e one-;Tear lease option did not fit Barry's overall plan. The IDC briefly discussed Mr. Irish's commezzt about i-,igh--p:riccd land costs in Monticello and felt a comparative land-cast study was justifiable with the Farm Credit Sale and trze marketing prices for t'rLe Monticello Commerce and Hoglund ~~reas . Tile group recognized tfze importance of freeway exposure%sigtl<~ge for ~otne industrial compazlies like F.emmele Engineering. Bt~.E tIPt~ATE a) Suriny Fresri - Koropchak reminded IDC members of the importance of the BPE visits and its payoff tc file community through industrial leads like All--Temp arzd ti~.F= other leads mentioned above, i;por. the water/sE~LVer rate increase, Mr. Simola fans .1nfCir7nE?CZ' of Sunny Fresh's plans to reduce their water consumptiotl. b) GE~rzereilx Fine tr3ood Products - Tize Tapper°s are receptive to hosting an IDC tour of their facility in January or February. Kax°apci-iai~ will make arrangements ar~d ~zatify members . Chairperson Johnson acknowledged to IDC members of Mr . Tape}c:r ° s request for a .few minutes at trze b<~;~lquet to ac~.dre:7s their virgin prairie grass. Kor.opcilak reported that a couple of campl~,ints were re~:eived at the City Hall regarding its appearance. iJpon projf~ct development, the prairie gra~~s was granted a thre::-year maturation period. c) Ful.fillnlent Systems; Inc:. - Ti-irougxz tfie Quad-County Networking, Koropchak has been made z~ware of FSI interests to expur~d in Folcy. d) SMM and Aroplax - ~ izlal construction is near as SMM tr~~zst mane by December 29tfz. Cor}strucfiion has beexz concentrated in the manufacturing area to z~llow file equipment move first. P.roplax anticipates moving the middle of January. 5. CUNSIDERAT_ION OF COMMITTEE; UPDATES: a) Advertising Committee - Koropchak reported a new quota appears on the Motlticelio journal advertisement «nd thanked Mr. Lemme for his quick response to trzEa Btixsirzess Media. Steve's comment centered aro;~.nd Monticello's qualified--skilled work farce and good worn: ethics. Steve related to the li-Window Christmas party where ~4 of the Page 3 II~c MI:.FJ~','yU DI`~CE~iL91aI`~ ;7. 1032 55 ernp.loyee%spaa.tseG attended, an example of a good employerJemployee relat_ioYls~ilip. rJpon the request of Koropchak, Mr. Lemme informed the IDC of the :I-6Jindow's daYlatian of 35 YleW w.1 Y1dOWS fax' a tF..-'eYi-drag iJ l.ai lding rehak~ilitatic:Y^; project in Minneapolis. Th€~ windows were installed by ernployee:~ at night and on Saturdays for the norr-profit Christian orgarTizatioY-Y. b) L4ork P1~Y. Committee - The first meeting w«.:7 :yet nor Tuesday, December 29 at x:OG a.m, at the City Hall. c) Commercial Deal i?state CoYltract -Koropchak reported that Judy Leming ~:nd Pat Olson have obtainEad ~; comm,ercial r~=ai estate contract with Edira Realty aYld <~re now rnarketiYlg the Ja~Yn Grier property alar.~g I:ust 7 Str€~c~t . d) 6dright Cor.;.nty Economic Plan - Korcpchai: iYlgizired if any IDC member: were: contacted to be intervievaed or surveyed by Adv~~Ylce I~esours~e . Interviewing is scilecAulcad for one day trYiS "vaeek 1T'i tri@ MOntiCella CC~Llrlc:il Crtc'1rr~berS. Ken Maus reported trYat the county plan appears to be a need of tYze smaller cities. I-ie further suggested tl~~~~ need to farm a cityjtown:~Ilip czr srnali regional partnership which would devElap a plan to accommodate tree .I~~rger .iridu:~trial company's ne`d cf 250 a cres, t lc~se i similiar to ti1C { ~l / + l-~ Y+ c vYCalmar 4 D..sstr ~'IJ l-plan dncx .l' ederal l~artt 1cA t~t. .~;l~l.}.Lr~l3S . IZczYl Hoglund mentions=.1 of the Big Lake t;hamber':~ request to meet faith thEa MorYticella Chamber to ericau:rage area economical and job growth. t~uestions of c;junty and tux base legalities and other Arcs a-rici cony; fo.r develapri,eTxt of a f~Yture industrial pa~~I. betweeYl Big Lake and Manticello were ur~an~:vaerecl and in r~eecl c:f researcr~. T~;~ IllC encouraged follow--through of Mr, ~~1aia.s' suggestion and N,r . FIoglund' ~ idE~a . e) c~ia.ad-County Economic Networking - Tle four-county economic I,rafes:;ionals met December ZO irz Big Lake. ^l heir next ,nc~etiYlg will be in Monticello on IiRsai;rizt~ry ~. d} Dowratovan P.ede:velopment Networking - Trie leaf meeting vans held in bahite Bear Lake, the Staples meeting was cancelled, and future plans are to vi~:it Hutc:hir~san. 6. CONSILEI~ATIc~N I'0 REVIE6~1 THE 19':2 IllC I~NI7-OF--THE-~IEAIg FINANCIAL RF TPrIRT~ Koropchak presented tree IDC mer:.bers witri a detailed accoia.Yltability of revenues, inters;•:;t, ~~nd t~xpeTlditrzres for IDC accounts at Wright County and Metropoli~t«rr federal for yea.-~- ending 1992. All totals cor3°espoTld va~.til the Troa:surex ' ~. repast . Also included was the tOtcii year--~~nd cc~rnparisor~s =since 1~a87 aYld the begiYYYlirg of the propc:sed 1993 TDC budget . Additionally, trio members received tY;e raroject~d Gi~1FF P~~ge ~ IE)C MINUTI? DE:CFMF'rat 1'? i9 ir_:div_~dual last; pexyl-,acks tkiraugh 1Q97 and tE-te fatal projected GM F, TIF Surplus, UDAG, <~~.d State Recovery paybac,ks through 197. iI"iF:~ IDC ac,ceptecl t:x~~ reports. 7. ()TITER ;3USINESS. a)~ ChambEr Pdnquet is scheduled at the F.ivervaaad Conierencca ~f~nter Uii Tue:~day, .7ailuary Z6. ~:ost is $20.CU per p~: rsan . k~; The Monticello 4~egislutivF Afft;irc~ Committee is coordinating a "Monticello I;ay at the Capitol" . The date is TY~ursday, J~xnuary 28. Koropchak thanked lion Smith for t:e fi>ze IDC gild industrial articles puhlished in thy: Monticello Times during the ye~xx°. Additionally, Koropchak thanked Mayor Mains for the pi.~.hlic rec:agnition in the Mor'iticello Q-u~,r•terly Ncras is=tt~jr are thc~ efforts of the IE)C and herself. 8 . AD,?GiTRNMFNT . Trie iDC meeting adjaurr~~~d at 8:15 a.m. ~~~ Ollie F;oropcha k, IDC ~,xecutive DirectUr • I'ag e 5 • CITY OF MO:vsTICELLO 1003 ECONCiNIIC DEVELOPMENT WCIRI. PLAN This work plan is used by the Montice].1o Inciustx•ial Development Cammitt~°E~ to provide direction for tYie ecoraamic devElopnterit activities ear;narked for the City of Monticello in 1`95. The plan establ_isries objectives of the Committee as well as specifying the tasks necessary to achir-_ve those objectiv<s. OBJECTIVE: T'O RECRUIT CNE OR MORE INDUSTRIAL I3tJSINESSES OR CRP;ATE 75 r3E'W INDIIU'TfiiAL ,:OP,S DURING 199: TI-IAT WII.~I, ENHA;dCE THE ECONOMIC BASE OF THE MOIv'TICELLO COMMUNITY. TASK 1ryTMING ASSIGNMETv'T ~'' Identify and develop an industrial February Marc prospect list through the use of ttie Minnesota Manufacturers Register and the' Metro Northwest Regional Yellow-Pages. * DEVelop an incentive program March Marc, which encouragc,s existing BreC industries to develop an industrial referral list. -- Mail at least 25 community market March EDD teasers per month to identified On-c,oing industrial prospects with fallow-up phone calls. - Resporxd to an industrial prospect On--Ga.ing EDD inquiry in-person not later than one week. - Continue to visit or host at C)n-Going ProsC least 10 new industrial businsess prospects. - Continue to market the TIFF' On-Going Marc c;ONSTRUCTION PREPLAN to applicable :industrial prospects. Page 1 1993 WURK PLAN JANUARY 19903 - Make available financial package Un-Going EDD, proposals, either in total or in BDS part, to .industrial prospects. - Tax Increment Financing (TIF) - Greater Monticello Enterprise Fund ( GMEF ) - Federal and State Programs - Loans and grants from other agencies. - C;oritinue to host a Ground As P7ecessary ProsC Breaking Reception upon the recruitment of a ziew industrial business. UBJECTIVE: BTJSTNESS I~.ETENTIUN AND E~~~'ANSIc)PJ - TU -BRIDGE THE GAF' BETWEEN THE EXISTING IPJDTJSTRIAL BUSIiv'ESSES AND THE COMMUNITY THEREBY ENHANCING LUCAL BUSINESS EXPAPdSIUN AND ENCUURAGING JUB CREATIUN. ------------------------------------------------------------------- TASK TIMII~'G ASSIGNMENT Circulate a volunteer sign-up January BreC :sheet to IDC members for annual BRE: visits . ~` Discuss and orientate IDC members ~f the annual 13RE visit program. * Enc:eur.age the BRE: visit program through reports at the IllC meetings. - Continue to }lost the B~.E Breakfast Meeting. "' Tour at least one existing industrial business facility. - Continue to highlight i~~dustrial businesses in local newspaper articles. * Research the possibility to ii~tergrade the Quarterly IDC Newsletter with the Quarterly City Newsletter. February March Every-tither Month Thursday, April 22 February On-going January BreC EDD BreC BreC BreC Times EDIT City Staf Page 2 19')S 6JOc~.: PL.yN JArauAz ~j i ~ ~;; - Continue to ha t the ar~riual IDC: Tu.~sday, I'inC Fundraiser Banquet recognizing October 26 indtzstr.ial achievements and bu:7lile:SS~~:. . - Laral Industrial Testimonies and Displays. * Endorse the Prea Chamber of On--going LAC, Commerce Legislative Affairs IDC Committee activities. Market to the local industries April BreC the ap~arenticeship/job-twining program as established between the Schnol District and the Technical Schools. - Continue to market the On-going BreC availability of the financial assistance programs to existing industries. - Explore the development of a B~tP: May E:~D, Survey for retail; commercial Ckiamber businesses ire cooperation with the Chamber, if so desired. * Encourage industrial businessE~s Sunday, BreC to participate in Expo '93. Nc~vernber 21 - --------------- OB.7ECTIVE: TO MAINTAIN AN }~FFhGTIVE MARKETING PROt,RAM. TASK -----TIMING---------ASSIGNMENT ----------------------------- ------------ - Assess the present promotional January Marc material "Monticello: Little Moc~.ntain of Big Opportunities" to assure an accurate reflection of the current status of the community. - Assess t?-ce local financial January HRA incentive guidelines, policies, EDAM and tools; and inform other committees of adjustments. Page 3 • 1993 6Jt)RI~ PLAN JANUAF~Y 1993 - Tpdate thy: commurYi ty readiness Ac P7ec~>>>sary Marc information. * Develop and implement a local ,Tune Bret 1ndu.J Trial dab-:~kllls and wage survey. * Evaluate the need to subsidize February ~inC the packaging costs associated with Federal, State, or Regional lawn applications for industrial projects. - Continue to support the si:~-montYi On-Going Marc industrial journal advertisement campaign. - Co.~tinue to endorse tree Area On-Going IDC Chamber of Commerce Theme: Monticello, Yaur Kind of Place. - Encourage press releases wYiich Ors--Going Marc reinforce the activities of the Titnes IllC. OBJECTIVE : TU ASSTJRE THAT THE CITY OF MONTICELLO MAINTAINS ITS STATUS AS A QUALITY AND COMPETITIVE COMMUNITY FOR ECONOMIC DEVELt)PMENT. TASK ---- -TIMING ASSIGNMENT ---- Endorse the efforts of the Housing ---------- On-goiYlg - IDC - - and P.edevelapmer~t Authority. * To serve as a facilitator aYld January HRA to investigate the need for senior hauling: Market rate and sub-sidized assisted-living and market rate quality independent-living. - To encourage and assist in the On-UOiYig HRA development of two industrial projects of quality. * To research tYYe pray and cares February HRA for consideration to consolidate On-Going , EDA th~~ FIFtA arzd the EDA . , Counci 1 Page 4 1993 Wt)RIi PT~AN JANUARY 1993 - To sere°e as a govErnrnenta.l unit As Necessary HRA which ;ztili~es TIF while account- able to the local taxpayers. * To research the process and March HRA ability to access M.ir~nesota Housing Finance Agency dollars for first-time home buyers. To research and market the March HRA availability of HUD, FHA, and Times FmHA dollars for housing assistance x>rograms sucr~ as Section 8, essential fullctioyi bonds, etc. - Endorse the efforts of the Ors-going IDC Economic Development Authority. - To continue tine use of thE: GM1;F As ivTE'Ce£~Sary EDA for qualified business applicants. - To continuE' to report the Qu<^~rter.ly EDA status of the GMEF loan paybacks IDC and GMEF remaining 'raalance. * To continue to report the status f th Quarterly EDA o e UDAG and State Recovery IDC Grant paybacks. * Endorse; the efforts of the Ors-Going IDC Quad-Coutlty Networking. - Ta research for consideration the establishment of a cost-effective, friendly-user SBA 504 regional office. ~~ Encourage a Wright County May Marc pax~tnership of townships/cities City Staff or cluster cities for developmerAt of a plan to accommodate the large industrial prospect. * Develop IDC Organizational and January FinC Membership Guidelines, and establish Subcommittees. * Encourage local representatior~ Upon: Eoard FinC on the Central Minnesota Vacancy Initiative Board. • Page 5 i0~3 WORK PLAN JANUARY 19J3 * Explore the pat~:ntial of January EDD Chamber repre.~entatior~ at t:.i=amber Ucwntavarx Redevelopment Network Meetings. -- Continue to ends}rse the EAS On-Going IDC Phone Petition and keep ubre?a.~it of the pr agr eat . - Review the annual recommended Det.ember II~C water/sewer rate increases arld hoakUp Charg@~ prior t0 Council approval. - Revieva the current building June BreC permit charges and update then community camparisar~ study. * I.nplement <~nd complete an April BreC industrial lurid-east compar~:tive study with competitive c.cmmunitiES. '~ F,r~courage the development of On-Going IDC unplatted industrial-zoned lands. - Invite Chai~~es FfPffer to an May IDC IDC meeting. - City Staff meet with Haglund February City Staff Family. - Endorse on-going communications On-Going IDC with tine Klein Family. * Research far consideration the July BreC legalitie:~, pray, and cons for City Staff development of an industrial park between Monticello and Big bake. * Endorse and keep abreast of tyre Ors--C.oirAg IDC e:~tablishtnent of a Wright C;~u.nty Economic Development Plan. * Deep abreast of the status of January IDC the Burlington Northern Rail to Ors-Going Monticello. • Page ~i 19~)C 6+1t)RK PLAN JAxd~1AY.~i .~~:~..-s * Er:dar:~E re-lic~:r~~;ing of the .January IDC: N:aP NucMiear Plant ~~nd ke4p On-t;oiTZg a~;reast of its progress. - 1;eep abreast of the research to t~iIl-GOlT2g IDC rulocut~: t;rt= Minneapolis/St. Pa,zl AirpoT't . - Keep ak~reast of the research On-Going IDC to develop a commuter-rail betvaeen St. Cloud and MirariEapolis <znd superspeed-rail between Minneapolis and Chicago. - Maintain "Star City" status. February FiT.C - Continue attendance at file As Determined EDD Star City Conferences and give repo~?t to the IDC . - Maintain the cc~ntinuc,d business t)n--GoiTig Il)C relationship vaith DDS, Inc. - Cantinue IDC meetings ar~d to Monthly IDC schEadule sper,ial meetings as necessary. - Coi;time the annual audit of the Fek~rua.-~y City II)C financial books by Staff Administrator Wolfsteller. OB;TEC:TIVE . TU MAINTAIN AND ASSURE '.i'I-zAT T~ik~ CITY' S TN~~RASTRiJCTtJHE ADEC~UATELY MEETS 1)E VELt)PM;~NT NEEDS . TASKS TIMING ASSIt,NMLNT * F~ecommend City Council consider .January City Staff setting a levy for the future ,a.pgrade of the 6aastecvater Treatment Plant. -- Endorse the City of Monticello C)n-Going DreC QrdiTi<3nc;e and Zc3ning to maintain II)C control of the asethetic value of the industrial park and sites. Page 7 19 y 3 T~'t~ RK ;? 7'~ AN "` Encourage quality rAeigYiorriaod Grp-Caing IDC housing develapmc~s:ts. City Staff Erldarse tree development of January IDC: ca;nmuxiity k~ike;`pedestrian Parks Com t .r~ ~; i 1 s . '` Rc~vieva and endorse the January IUC Capital Improvements Plana As Determined City Staff ar~d E~~cadget . - Re-alignment of Fallon Avenue at C;~xE:isea Road. - C;anstru:;tian of East 7 Street arzd water•;`sc~c~aer. tires. -- Cans t,:uctian of Dla.ndas T2aad extent ion to fiigr,way 25. - Cai:struction of Dundas Raad to the east of Fallar~. - Construction of storm-water pond far Cr~~~.lsea area. - Tipgrade of ~'al lan Avenue . - Cc.nst.ruction cf Schaal Ra«d to • Ii i c~hway ^t 5 . - Constructian of I--S'4 vdE'st entrance ramps. - Ca~i~~tructiol~ of Fallaxi Avenue ~ricige. `~ i9~3 tasks - re-instated tasks ~sDS = Fsusiriess Development Services, Iric. 33reC = ~3usiness Retention and Expansion Committee EDA = Economic: Develapmerit Authority FDD = Economic Development Director FznC = Finance Committee IiRA = Hauling anri ,~ecaevelapment Authority IDC = Industrial Development Committee LAC = Legislative Affairs Committee (Chamt3er) Marc = ""..-arketing Committee PrasC = Pro:~pect Committee • PdgE-' v 1993 MONTICELLO INDt3STRIAL DEVELOPMENT COMMITTEE PROPOSED BUDGET 1991 ACTUAL BALANCE $10,273.61 REVENUE 1992 PROPOSED 1992 ACTUAL $ 9,267.50 $ 9,267.50 Banquet $ 7,000.00 $ 8,000.00 75.00(90) City Contrib $ 5,650.00 $ 5,950.00 Chamber Contr $ 2,800.00 $ 2,800.00 Interest $ 374.67 $ 400.00 Video Contr $ 3,425.00 Advert Contr TOTAL REVENUE $29,598.28 $26,417.50 EXPENDITURES: Salary/ate..-~:~s $13,215.96(90) $14,576.69 Banquet $ 1,989.72 $ 2,250.00 Travel Exp $ 0 0 Prospects $ 160.70 $ 500.00 Membership $ 95.00 $ 95.00 Seminars $ 0 0 Market/Adv $ 4,700.00 $ 1,500.00 BRE $ 169.40 $ 500.00 Miscellaneous $ 0 $ 1,000.00 Service Chg $ 0 0 TOTAL EXPEND $20,330.78 $20,421.69 BALANCE $ 9,267.50 $ 5,995.81 $ 7,850.00 $ 5,950.00 $ 2,300.00 $ 246.94 $ 3,500.00 $29,614.44 1993 PROPOSED $10,650.27 $ 8,500.00 100.00(92) $ 6,200.00 $ 2,800.00 $ 300.00 $28,550.2? $14,576.69(91) $15,634.14(92) $ 2,542.12 $ 2,750.00 0 0 $ 188.66 $ 500.C0 $ 110.00 $ 110.00 0 0 $ 1,158.80 $ 4,129.00 $ 310.74 $ 500.00 $ 77.16 $ 1,000.00 0 0 $18,964.17 $10,650.27 $24,623.14 $ 3,927.13 MUA1T:tC:~:1~Y,CT INDUSTRIAL DEVF:I,OPMENT COMMITTE?F 013.t;~NI?A'I'It)NAL ANll fdEME313RSHIP i,TJIDEI~INES I. McE~tir~g Time a~~d Place: REgulur meetings are held t~~e third Tlizr:>cxay Jf each month at 7:J0 a,m. iIi file Monticello City Hail Council C~zumbers. Special meetings may be called by the Cilair.person and Executive llirectcr. II. Ct,ject.ive: As written arzd adopted by the AnriuC;l Monticello E;.onc;nic Development y;ork L~lall. III. U'ommittee Si~.~:: While thE:re iS no sc*t or definite sine establi«hed, it is generally understood that the committ~~F: will not exceed 16-15 members. IV. Make--up of the Committee: Committee members must either vaork or reside i~Z t:e community of greater Monticellc:. Individuals who are involved in an oc<;~zpation c;r professio~~ that provides services to tiro. c.omrnura~ity of Monticello Eaut i.s rzot headclizar tered within the co;nmunity may also serve as members of t~-i~~ committee. Standing Committee Members: - Pres;~.dc~nt of th4 Mont.~cc:l to Chamber of Coinmaear: cca . -- President-Elect of the Monticello t;hambrr of Commerce. - Director of thA Morrt.icello C'r~~:mbe~r of Ccmmerce. - fdayor of the City of Monticello. City Staff Members: - Administrator of the City of Monticello. - As~ai:atart-Administrator of the City of Monticello. - Economic J~evelopmelit Dirzctc~r cif the City of Manticc~llo. V. t)fficers: Tile tJhairperson, the Vice--C;hairper:son, ~~Ild thy: Treasurer sklall be elcrct~rd ar~i,u~:ily at tkie Jaiiaary meeting. Length of office term 5ha7.1 Iiot exceed three consecutive years. Minutes of each rneF~ting, as well as ca;nm:ittFE- correspondence, are the responsibility of the Econo;n.c Development Director. V1: • Length of Membership Term: Members shall serve fox' three year terms on a three year rotating basis so that approximately one-third of the ;nembe~~ship ex~airt~s each year . Individuals wishing to cnnt roue sex°ving or, ti:E: committee may so indict'ate prior to tPle expiration of • t hair term. Ar~y member vaishing to relir,c~uish his/her position on the Industrial Development Committee may do sc, by subrr,ittirig a letter ^f resignation. • TDC OKGANIZATI()P3AL~`MEMT3}s}~ST;.iP c3UIDELINES x'A~~F: 2 ~JII. F_illinc C; Va,:.arit Po~_it-ion,; ~ list of poterit.-ia1 cc~runittee mem`aers ~tzall ~e k.r~pt 'uy° tzC' ~X~~~:l.~tive Director. The IiiC-ilr~tX'ci.~. DeVe.lapment L'C:mm.l.ttE'.E: mi.1St i,C3x1i.+.T'ial aI.'i. ri£'V1 mimber:~ }~y a majority vote. VIII. .+~z:m};7e:T',~Yz.~~. ~:~--:c.ndance. Ire c,rder to make a posit.ivF contri}zution to tie committee, each member is expected to attend at least 75% of tY~e meetings in arty- g.iver~ year . A year is defined as ~eginnizzg on the lst of Jaiz~aary <z.~zd ending tfie 31th of Decemkaer. • n • 3 ~ ~ o It'C, GO~Ir',~,'ITr.~,4J 1Dc, MF;r~}3ER I . ~ S Ard IDC MEMIFaR , I VJi LL Vo:t~UNTEER TU S;;T~VE CN AT LFA:~ i GNi oI' c~Ll~oc~~~ING eoMrfrl~.~T,~ES :'rasped Committee (ProsC) , to serve orr ttie commuzl_i ty' s recruitment team visiting or Hosting industrial prQ:~pec:ts iraclus:ive of the Grourrdt~rFak~ing Receptions. Maa~;etii~g C~a;nmittee (Marc) , to a:5si7t witFl developmf~nt aIlca updating of marketing materials and irzcerAtive programti~, a:~c1 encouracge the release of press and new;~letter articles. r.ir:ancE~ Committee (FinC:) , to a:=.si,t ;n~itrA t3~ce IUC; Rariciizet and the 1994 Economic ;development Work Plan and Budgtit, and evaluate the .financial incenta.ve progx:ams. I3US1ileSS RFt<~IltlOn and EXpail~la31 Cammltte~? (BreC), to a~;31:3t with deveiGl~,lierlt of necessary surveys; corilpur~at.-tVe studies, or a.ny projects which would enhance file r~el~-~tiail:7ilip of the . community and t:ie industrial busines~;cas. Flan and bast tkae 1's:ZE Breakfast . Legislative nfiairs Committee (LAC) ; to «ssist in the ja~r~t effarts of the Cllamtaer ar~d Il)C encouraging local ',~u.siYlesses to p~artici~ut~~ .i.n our political prac:es4>. Tl~irauc~.-h a voice i:a gc~ver.nment, we hope to create a p0^altlVe Mlnrl€.?~vt< ';'~i;:~.LLil~~•y climate ericouragirg L~usinesses to ~•emain or locate in Minnesota thereby ereatiz:g jobs and increasing the local. econamy a:.d tax laase . II. AS AN ITC MEMBER, I WILL V(~LIJNT;~ER F'oR THE I3RE ViyIT I'RC~GRAI~i AND WISF~I TO EsE ASSIGNED TH1?~ FC)I,T~oGdINC~ F:sCTSINRSS (ES) DURING 1993. (Businesses are listed on the followirxg page). First Choice Second Choice I WISH TO WOP.K WIT~I ANOTHER IDC MEMBEP. ON THE IiT;E `JISI'1`L.' . BRE Visit I'rQgram t~rientatioil scilecAuled for February meeting. MONTICELLO INDUSTRIES FULFILLMENT SYSTEMS, JACK PEACH 406 E. 7TH ST. MONTICELLO, MN 55362 295-2929 FINGERHUT CORPORATION DAN JACKSON PO BOX 10 MONTICELLO, MN 55362 295-4599 INC. RAINBOW ENTERPRISES ANDY ANDERSON 108 CHELSEA ROAD MONTICELLO, MN 55362 295-1100 ELECTRO INDUSTRIES, INC./ MEGA PRODUCTS WILLIAM AND MERRLYN SEEFELDT 2150 WEST RIVER STREET MONTICELLO, MN 55362 295-4138 CLOW STAMPING COMPANY RICK CLOW 218 CHELSEA ROAD MONTICELLO, MN 55362 295-5050 BONDHUS CORPORATION JOHN BONDHUS 1349 HART BLVD. PO BOX 660 MONTICELLO, MN 55362 295-2162 SMA ELEVATOR CONSTRUCTION ARLAN WILLE 113 CHELSEA ROAD MONTICELLO, MN 55362 295-4367 M & P TRANSPORTS, INC. JAY MORRELL 1401 FALCON AVENUE MONTICELLO, MN 55362 295-3122 THE H-WINDOW COMPANY STEVE LEMME 1324 OAKWOOD DRIVE PO BOX 206 MONTICELLO, MN 55362 • 295-5305 AUTOMATIC GARAGE DOOR COMPANY GREG TOBIAS 1281 SOUTH CEDAR STREET MONTICELLO, MN 55362 295-4343 ABK, INC. JERRY ANDRUSKO PO BOX 657 MONTICELLO, MN 55362 295-2133 SUNNY FRESH FOODS JERRY ROSE 206 WEST 4TH ST., PO BOX 428 MONTICELLO, MN 55362 295-5666 NORTHERN STATES POWER NUCLEAR PLANT LON WALDINGER BOX 600 MONTICELLO, MN 55362 295-1005 TIRE SERVICE EQUIPMENT MANUFACTURING COMPANY INC RAY SCHMIDT 201 CHELSEA ROAD MONTICELLO, MN 55362 295-4650 JONES MANUFACTURING ED JONES PO BOX 126 MONTICELLO, MN 55362 295-3246 BRIDGE WATER TELEPHONE COMPANY BOB RIERSON 316 PINE STREET, PO BOX 298 MONTICELLO, MN 55362 295-2974 INDUSTRY . LIS : \ - `1 n ~O~ '"~ Page 1 NSP TRAINING CENTER LARRY NOLAN 2100 WEST RIVER STREET • MONTICELLO, MN 55362 295-4141 • REMMELE ENGINEERING AME READY MIX PLANT 20 RICHARD MARTIE JOE LAVALLE PO BOX 247 213 CHELSEA ROAD MONTICELLO, MN 55362 MONTICELLO, MN 55362 295-5172 HOGLUND BUS COMPANY, INC. DAHLHEIMER DISTRIBUTION WAYNE HOGLUND GREG DAHLHEIMER PO BOX 249 PO BOX 336 MONTICELLO, MN 55362 MONTICELLO, MN 55362 295-5119 295-3347 HOGLUND TRANSPORTATION, INC. GORDON AND JEANINE HOGLUND 118 EAST OAKWOOD DRIVE MONTICELLO, MN 55362 295-3604 LINTEX CORPORATION JAMEY MERKEL 1443 FALCON AVENUE MONTICELLO, MN 55362 295-3338 SUBURBAN MACHINE & MANUFACTURING, INC. BRADLEY AND MARY BARGER 301;CHELSEA ROAD MONTICELLO, MN 55362 295-5635 AROPLAX CORPORATION JERRY SCHOEN 200 CHELSEA ROAD MONTICELLO, MN 55362 TAPPER'S INC. d.b.a. GENEREUX FINE WOOD PRODUCTS/WESTLUND DISTRIBUTION WILLIAM AND BARBARA TAPPER 212 CHELSEA ROAD MONTICELLO, MN 55362 LAKE TOOL ERIC BONDHUS 1248 OAKWOOD DRIVE MONTICELLO, MN 55362 INDUSTRY.LIS: Page 2 MONTICELLO 250 East Broadway P. O. Box 1147 Monticello, MN 55362-9245 Phone: (612) 295-2711 Metro: (612) 333-5739 Fax: (612) 295-4404 January 11, 1993 Dear Quad-County Economic Development Networking Participant: At our meeting in Big Lake on December 10, I agreed to host and plan the agenda for the next networking meeting. Our thoughts were to have Bruce IIendrickson of Advantage Minnesota attend the February 4 or 18 meeting; klowever, neither of those dates were acceptable. Tony Goddard continues his efforts to schedule a meeting date in March ar April with Mr. Ilendrickson. Although our agenda has changed, a decision was made to carry-on as planned and meet at 10:00 a.rn., Thursday, February 4, 1993 at the Monticello Cites Hall. T'rae City Hall is located at 250 East Broadway. Lunch will be at Timothy's, Riverwood Conference Center, East County Road 39 (menu enclosed.) Please RSVP to my office, (612) 295-2711, by Friday, January 29, so I might confirm dining reservations. I have taken the liberty to invite Brian Ileck, Wright County Special Projects Administrator, to inform the Quad-group on the progress of the Wright County Economic Development Plari and the outcome of a County HRA. Secondly, I have asked Doug TJhrhammer, Anoka Electric Coop, to facilitate a discussion regarding potential future objectives of the O,uad-County Economic Development Group. Please give some thought to this subject prior to the meeting and share your ideas. Arid thirdly, we'll hear a brief update on the SEA status. I look forward to welcoming you to the City of Monticello on February 4. Sincerely, CITY OF MONTICELLO ~ ~ ~~.~ ~ Ollie Koropchak • Economic Development Director QUAD-COUNTY ECONOMIC DEVELOPMENT ALLIANCE Dev. Director Traci M. Ryan-Rosenberg nesville Economic Development Econ. Dev. Director Authority City of Sauk Centre 221 Washburne Avenue 405 Sinclair Lewis Ave. Paynesville, MN 56362 Sauk Centre, MN 56378 David Craning Econ. Dev. Director City of Becker P.O. Box 337 Becker, MN 55308 Marcus Marsh St. Cloud HRA 619 Mall Germain, #212 St. Cloud, MN 56301 Jim Thares Econ. Dev. Director Denton County 1646 Highway 23 NE St. Cloud, MN 56304 Gary Walz Melrose State Bank Box 10 Melrose, MN 56352 Ken Olson ~nesota Extension Service burne County P.O. Box 31 1 Elk River, MN 55330 Steve Odegard Princeton Opportunities 9th Ave. South Circle Princeton, MN 55371 Curtis Jacobson City of Howard Lake Howard Lake, MN 55349 Bill Coleman Dept. of Trade & Econ Dev 800 A eri an Center Bldg. 150 E. K ogg Blvd`-~ St. Paul, M 55101 Tom Schneider City of Albany ny, MN 56307-0370 Bob Haarman, Director Sauk Rapids HRA 115 2nd Ave. N. Sauk Rapids, MN 56379 Herb Murphy 10525 281st Ave. Zimmermann, MN William R. Rubin Econ. Dev. Coord. City of Elk River 720 Dodge Ave. N.W. Elk River, MN 55330 Les Henson St. Cloud HRA 619 Mall Germain, #212 St. Cloud, MN 56301 Bob Swanberg Stearns Co. Cmm'ty Dev. Room 43, Admin. Center 705 Courthouse Square St. Cloud, MN 56303 Mary Eberly Elk River Insurance Agency 55398 ~ ~O # Dodge Ave. Elk River, MN 55330 Gloria Fredricks City of Albany Box 370 Albany, MN 56307 Doug Uhrhammer Anoka Electric Coop 2022 N. Ferry St. Anoka, MN 55303 Bill Go.f City of Big Lake Big Lake City Hall Big Lake, MN 55309 Ollie Koropcha~ Economic Development Director City of Monticello 250 East Broadway Monticello, MN 55362 Tawy-68ddard -BiH-f~ke:aey Garrison Hale City of Annandale Box K Annandale, MN 55302 Paul Ammerman United Power Assoc. P.O. Box 800 Elk River, MN 55330-0800 scoff r"arti„ United Power Assoc. P.O. Box 800 Elk River, MN 55330-0800 Mert Auger City Administrator-City of Buffalo Buffalo City Hall Buffalo, MN 55313 c~~' J ~ ~~ VOLUME 3 NUMBER 1 fi/GH-SPEED /~A/L JANUARY 1993 Milwaukee-Chicago corridor selected for high-speed rail funding The U.S. Department of Trans- portation has selected the Detroit- Chicago-Milwaukee-St. Louis passenger rail corridor as one of five corridors to receive safety funding for high-speed rail devel- opment. Corridor designation allows using federal funds to elim- inate grade crossings in promot- ing faster and safer train service. The Twin Cities to Chicago Tri- ~tate Study identified the Milwau- ee-to-Chicago portion of the cor- ridor as a likely high-speed rail candidate. Minnesota, along with the Midwest High Speed Rail Consortium, supports the Milwau- kee to Chicago selection. Corridor improvement funds come from a provision to elimi- nate grade crossings in potential high-speed rail corridors in the Intermodal Surface Transportation Efficiency Act (ISTEA). Funding is comparatively small-$5 million annually nationwide for the next six years. But the corridors will be candidates for future high-speed rail or maglev (magnetic levita- tion) funding. Amtrak to test European trains in U.S. Sweden's X2000 tilt train for testing in the U.S. arrived in October at Baltimore's port. By late January, Amtrak will begin using it experimentally to carry passengers at 125 mph on its Washington-New York route. Although the train travels no faster than the Metroliner in use on the route, X2000`s self-steer- ing wheels and tilting feature enable it to take curves 30 to 40 percent faster. That means a savings of 15 minutes on the fairly straight New York-D.C. route. For the winding New York to Boston route, X2000 could reduce travel time by an hour. Amtrak also may be testing another European high-speed train in its Northeast corridor. Amtrak and German officials are discussing the possibility of try- ing its Inter City Express train The "y" pattern Detroit-Chicago- Milwaukee-St. Louis corridor totals 647 miles: Detroit to Chica- go, 279 miles; Milwaukee to Chicago, 86 miles and St. Louis to Chicago, 282 miles. Four other corridors selected for high-speed rail development are: ^ Portland to Vancouver, includ- ing Seattle-464 miles ^ San Diego to Sacramento, including Los Angeles and Oak- land (San Francisco)-665 miles ^ Tampa-Orlando-Miami-358 miles ^ Washington, D.C., to Charlotte, N.C.-476 miles (ICE} in the Washington to New York c©rridor. Amtrak offioiats, however, expreas concern about paying the fuii cost of leasing the train. Amtrak's FY 93 capital budget, which includes $4 minion for testing the Swedish X2000, does not provide for testing other foreign technologies. Funding for the German train test still needs to be worked out. ROGER KANTOR, MAYOR CITY OF CLERAR LAKE • BOX 224 CLEAR LAKE, MN 55319 Rick Albert City of Zimmerman Box 75 2<IMMERMAN, MN 55398 TONY GODDARD ST CLOUD AREA ECONOIC DEVELOPMENT PARTNERHSHIP P 0 BOX 1091 ST. CLOUD, MN 56302 BILL FAHRNEY ST. CLOUD AREA ECONOMIC DEVELOPMENT PARTNERSHIP P 0 BOX 1091 ST. CLOUD, MN 55302 BRIAN HECK SPECIAL PROJECTS COORDINATOR WRIGHT COUNTY COURT HOUSE 10 NORHTWEST SECOND STREET BUFFALO, MN 55313 • ~~ Amendment for intercity high-speed rail fails An Energy Bill amendment to eliminate atax-exempt bond cap an financing high-speed rail failed this year. Supported by Minnesota, the amendment would have put high-speed rail projects under the same rules governing airport tax-exempt bonds. Although it was passed by the U.S Senate, the amendment was deleted during conference committee when It became controversial and was opposed by Southwest Airlines. The High-Speed Rail Association plans to resubmit the amendment next year. Conference features >Florida`s high-speed train Sponsored by the American Society of Civil Engineers in Orlando, the International High- speed Ground Transportation Conference recently featured the host city's high-speed rail project. Orlando's planned maglev proj- Fast-train studies on track worldwide South Korea advertised an $8 billion contract for ahigh-speed rail network linking Seoul and Pusan. Potential bidders include high-speed train builders Mit- subishi Corporation (Japan), GEC Alsthom (France) and Siemens (Germany) A major problem for the two Euro- pean groups, however, is the suc- cessful bidder must transfer tech- nology to the Korean Companies building most of the trains locally under license. Both European groups are tech- nologically ahead of Japan's Shinkansen, which is considered old-fashioned compared with the French and German versions. That means the Europeans may be passing their technology to South Korea, a possible competitor. Not stopping with Korea, these companies are betting more countries will turn to rail as an environmentally friendly means of resolving congestion on the roads and in the air. Japan's MLU-002 maglev program has experienced set- o ~r'"~Orq~ Minnesota Department of Transportation a Office of Railroads and Waterways Transportation Bldg., 395 John Ireland Blvd. roF TN St. Paul, MN 55155 (612) 296-1611 Allie Koropaluk 280 E. Broadway Monticello MN 55362 ect-using German technology and financed by a Japanese, German, American consor- tium--will transport passengers from Orlando's airport to Inter- national Drive where an inter- modal transportation center will allow for convenient transfer to other modes including light rail, bus, taxi and possibly water. With the anticipated success of the Orlando venture, Florida is reserving interstate median space for developing an Orlan- do-Tampa high-speed rail con- nection. backs since last year's fire dam- aged its prototype. Costs for the proposed test track have risen to $200 million per mile, forcing a cutback in track length from 26.7 to 11.3 miles. The shorter length of track, cost-. ing $2.4 billion, may be too short to adequately test maglev perfor- mance. Japan's Ministry of Transport is expected to make a decision shortly on whether to continue building the test track. U.S. Postage PAID First Class Permit No. 171 St. Paul, MN 55155 f~~ MONTICELLO 250 East Broadway January 11 , 1993 P. O. Box 1147 Monticello, MN 55362-9245 Phone: (612) 295-2711 Metro: (612) 333-5739 Fax: (612) 295-4404 Mr. Pat Pelstring Business Development Services, Inc. F3990 Springbrook llrive Suite 230 Minneapolis, MST 55433 Dear Mr. Pelstring: At the January Monticello Housing and Redevelopment Authority (IiRA) meeting, the commission again reviewed Business Development Services, Inc. (BDS) charges associated with packaging the Central Minnesota Initiative Fund, the Small Business Administration, and the State iconomic Recovery Grant for the Aroplax and Suburban Machine & Manufacturing projects. Although, the associated cliarcges can be recovered through the transfer of TI11' total project incomes into a IIRA Development Fund, it was the decision of the commission to delete packaging from the agreement between BUS and the IIRA. The HRA understood that all city packaging and development costs would be recovered through the respective TIF District administrative expense. The IiRA elects to retain I3llS for TTF packaging and marketing. We may need to amend our agreement. Pat, it is tYie Yiope of the IIRA that the established relationship between BDS, the IiRA, and the City of Monticello will not change. The HRA's only request is that packaging charges associated with federal, state, or regional programs be negotiated between BDS and the prospective business. • Mr. Yelstring .January 11, 1993 Page 2 If you have arty questions, please don't hesitate to call me at MET120 333-5739 or (612) 295-2711. I thank you in advance and look forward to a continued business-working relationship with 1usiness Development Services, Inc. Sincerely, CITY Oli" MONTICELLO Ollie Koropchak Economic Devel~~pmeiit Director cc: Administrator Wolfsteller Assistant Administrator O'Neill HRA file :] • •STJBURBAN MACHINE & MANUFACTilRING PROJECTED TAX INCREMENT = $100,488 X 10~ ADMINISTRATION' _ $10,048.80. TiF ADMINISTRATION COSTS: TIF PLA~1 (BDS) $ 3,850.00 TIF LEGAL (HOLMES & GRAVEN) $ 2,142.00 StBTOTAL $ 5,992.00 POTENTIAL TO TRANSFER TO DEVELOPMENT FUND PACKAGING COSTS: CMIF (BDS) $ 3,206.25 PROJECT COSTS: LEGAL (WEINGARDEN) EDA $ 2,349.25 TIF $ 412.50 SIc;N ORDIANCE & PLAT $ 712.50 SUBTOTAL $ 3, 474.25 MISCELLANEOUS: FILING, PUBLIC NOTTCES $ 183.76 ENGINEERING COSTS: OSM • TOTAL SUBTOTAL TOTAL BUDGET: ADMINISTRATIVE TOTAL BUDC,ET BOND ISSUANCE: $ 1,316.25 $14,172.51 $ 7,500.00 $89,000.00 $75,000.00 • AROPLAX CORPORATION PROJECTED TAX INCREMENT = $157,904 X 10~ ADMINISTRATION = $15,790.40 TIF ADMINISTRATION COSTS: TIF PLAN (BDS) $ 4,700.00 TIF CERTIFICATION $ 50.00 TIF LEGAL (HOLMES & GFAVEN) $ 5,081.87 SUBTOTAL $ 9,831.87 POTENTIAL TO TRANSFER TO DEVELOPMENT FUND PACKAGING COSTS: CMIF, SBA, STATE (BDS) PROJECT COSTS: LEGAL (WEINGARDEN) TIF STATE SUBTOTAL $ 12,289.53 $ 243.75 $ 1,580.45 $ 1,8.24.20 ENGINEERING COSTS: OSM TOTAL SUBTOTAL .TOTAL BUDGET: ADMINISTRATION PROFESSIONAL FEES TOTAL BUDGET BOND ISSUANCE: $ 837.57 $ 14,951.30 '" $ 24,783.17 $ 15,000.00 $ 10,000.00 $2.35,000.00 $120,000.00