IDC Minutes 08-19-1999• MINUTES
MONTICELLO INDUSTRIAL DEVELOPMENT COMMITTEE
Thursday, August 19, 1999 - 7:00 a.m.
City Hall
MEMBERS PRESENT: Chair Shelly Johnson, Don Smith, Ken Maus, Tom Lindquist, Bill
Tapper, Dick Van Allen, Bob Mosford, and Jim Fleming.
MEMBERS ABSENT: Vice Chair Tom Ollig.
COUNCIL LIAISON ABSENT: Mayor Roger Belsaas.
STAFF PRESENT: Rick Wolfsteller and Ollie Koropchak.
GUESTS: Heidi Pepper, Executive Director of the Economic Development Partnership of
Wright County.
Brenda Naffziger, President of the Monticello Area Chamber of Commerce.
Call to Order.
Chair Johnson called the IDC meeting to order at 7:00 a.m.
2. Introduction and welcome of guests.
Koropchak introduced the above listed guests and IDC members introduced themselves.
Consideration to approve the June 17 and July 15, 1999 IDC minutes.
Bob Mosford made a motion to approve the June 17 and July 15, 1999 IDC minutes.
Tom Lindquist seconded the motion and with no additions or corrections, the minutes
were approved as written.
4. Consideration of Updates:
a) Mayor's report -none.
b) Koropchak's prospect and BRE report -See Attachment A.
5. Consideration of follow-up discussion relating to the July meeting held between the
Monticello Commerce Center property owner/broker and the IDC.
At the IDC meeting in July, the IDC was informed the 27.50 acres of industrial land lying
north of Chelsea Road (freeway exposure) was no longer on-the-market. This leaves 66.9
acres to the south of Chelsea Road and 30 acres off School Blvd. Both parcels are
privately owned by Weinard and Emmerich, respectively.
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IDC Minutes - 8/19/99
' ' n f the ro ert owner/broker one IDC
With no competition and taking the posrtio o p p y ,
member understood the "wait for more value approach" or "why did we sell so cheap
approach" of the developer. Another IDC member looked at both sides, the wait and see
approach of the developer and the tax base and job and wage objectives of the IDC/City.
Concluding the developer's approach leaves the City with a limited market plan.
Wolfsteller informed members that he and Koropchak had met with the Goeman group.
Their asking price $1.12 million for 95 acres compared to the highest appraisal of
$500,000. A second meeting was held with Chadwick based on discussion to swap
Chadwick's 85 acres for the City's (Remmele) 65 acres. For further discussions to occur,
estimates for construction of infrastructure improvements have been requested from the
city engineer. Given the current industrial zoning of the Gold Nugget property, members
suggested seeking estimated development costs for that parcel and to contact Novak
(owner) of their intent or interest to sell. Wolfsteller thought Novak had acquired the
property from Weinard for $8,000 per acre. Land for housing development at a higher
price than land for industrial development.
IDC members asked `what about Twin City Die Casting?" Although Pfeffer offered to
sell Twin City Die Casting six acres of land lying directly east of Fay-Mar for $2.00 per
square foot, this was not economically feasible. Currently, they are proceeding to look at
• Monticello, Big Lake, and Buffalo. Koropchak believes the ability to develop a trust
between a city and a developer is a strong point in the recruitment/marketing process.
Although disappointed, Koropchak believes Twin City Die Casting will select Monticello
as NSP services only the industrial park of Monticello and not Big Lake or Buffalo.
NSP's Economic Development Department -Downtown has been a supplement supporter
of this project.
6. Continuation of an update on the Council action to actively purse acquisition of the
Chadwick/Goeman properties.
One IDC member expressed the City should move forward and carry through with plans
to acquire land for future industrial development.
IDC members agreed they could support industrial development at either site selection.
Don Smith made a motion stating the IDC continues to support the Council's active
pursuance of industrial zoned property including the Goeman/Chadwick properties and/or
other potential sites. The motion was seconded by Dick Van Allen and with no further
discussion, the motion passed unanimously. This without an explanation of an inventory
of land or the limited potential to market.
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IDC Minutes - 8/19/99
s
7. Consideration of an date and to discuss guest speaker options for the Industrial Banquet
in October 1999.
Not hearing from the Governor's Office, the IDC understood the demand for Governor
Ventura's appearance not only for Monticello but nationally. The IDC gave Brenda
Naffziger and Koropchak the go ahead to proceed with soliciting a guest speaker for the
banquet. Candidates: References from Marianna Khauv and Bill Fair.
8. Continuation to discuss need to increase the membership of the IDC and direction
thereafter.
With the intent to perhaps add a couple of new members to the IDC, the members
requested the item be placed earlier on the IDC agenda. Members suggested development
of a list of current membership by occupation and potential candidates by occupation.
The need and benefit for a school representative and NSP representative were mentioned.
Younger age group. Membership recruitment was set as a goal for the new year.
9. Other Business.
None.
10. Adjournment.
The IDC meeting adjourned at 8:30 a.m.
Ollie Koropchak, Recorder
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