HRA Agenda 04-14-1999
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AGENDA FOR ANNUAL MEETING
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
Wednesday, April 14, 1999 -7:00 p.m.
City Hall
MEMBERS:
Chair Steve Andrews, Vice Chair Bob Murray, Brad Barger,
Darrin Lahr, and Dan Frie.
COUNCIL LIAISON:
Brian Stumpf.
STAFF:
Treasurer Rick Wolfsteller , Executive Director Ollie Koropehak,
and Recording Secretary Nancy Whalen.
Call to Order.
Consideration to approve the February 10, 1999 HRA minutes.
Consideration of adding agenda items.
Consent Agenda.
a) Consideration to approve the Certificate of Completion for Blue Chip.
Consideration of items removed from the consent agenda of discussion.
Consideration to elect 1999 HRA officers and appoint committee representatives.
Consideration to review and accept the Year-End Financial Reports for the HRA General
Fund and the TIF Fund.
8. Consideration to authorize payment of monthly HRA bills.
9. Consideration of Executive Director's Report.
10. Consideration of reports:
a) City Council Update - Brian Stumpf
b) Community Center - Bob Murray
c) MCP - Steve Andrews
d) Marketing - Darrin Lahr/Brad Barger
e) North Anchor - Bob Murray/Steve Andrews
11.
Other Business.
12. Adjournment.
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MINUTES
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
WEDNESDAY, FEBRUARY 10, 1999
Members Present:
Chair Steve Andrews, Vice Chair Bob Murray, and Brad Barger.
Members Absent:
Darrin Lahr
Council Liaison:
Brian Stumpf
Staff Present:
Executive Director Ollie Koropchak
1. Call to order.
Chair Steve Andrews called the meeting to order at 7:00 p.m.
2.
Consideration to approve the Januarv 6. 1999 HRA minutes.
A MOTTON W AS MADE BY STEVE ANDREWS AND SECONDED BY BOB
MURRAY TO APPROVE THE MINUTES, AS WRITTEN, OF THE HRA MEETING
OF JANUARY 6, 1999. Motion carried unanimously.
Consideration to approve the Januarv 20. 1999 Joint Council/Commissions minutes.
A MOTION WAS MADE BY BRAD BARGER AND SECONDED BY BOB
MURRAY TO APPROVE THE MINUTES, AS WRITTEN, OF THE JOINT
COUNCIL/COMMISSIONS MINUTES OF JANUARY 20, 1999. Motion carried
unanimously.
3. Consideration of adding agenda items.
Under Item lOA - Blue Chip Certificate of Completion.
4a. Consideration to approve the Certificate of Completion for Allied Companies. LLC.
A MOTION WAS MADE BY BOB MURRAY AND SECONDED BY BRAD
BARGER TO APPROVE THE CERTIFICATE OF COMPLETION FOR ALLIED
CaMP ANIES, LLC. Motion carried unanimously.
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HRA Minutes - 2/1 0/99
5. Consideration of items removed from the consent agenda for discussion.
None
6. Consideration to adopt priorities for redevelopment of the North Anchor and to appoint
two HRA representatives to the North Anchor Subcommittee.
Steve Andrews felt the BRA should deal with things that apply to the HRA and not the
design issues.
Bob Murray felt the HRA should consider how they envision the area developing. He
also felt the water front park land should be preserved.
Brad Barger felt that it was necessary to revitalize the downtown area to attract people.
He also believes that parking is an issue.
Bob Murray felt that a motel/hotel would bring in peoplc. Brad Barger stated that a hotel
would want freeway exposure. Bob Murray felt a destination hotel would not need
freeway exposure. Bob thought perhaps it should be a national chain rather than a local
enterprise.
Brad Barger stated the area needs night life to keep the downtown going. A restaurant
would give pcople a place to go.
Bob Murray fclt amenities were needed to bring people to Monticello. Brad Barger
statcd again that there is not enough parking in the downtown area.
Steve Andrews thought perhaps a two tier parking ramp would provide enough parking.
Brad Barger stated Paul Wurm, an apartment building owner in the North Anchor area,
might present a stumbling block to acquiring the necessary land. Brad also wanted to
know if there was still a moratorium on construction in the North Anchor area.
Ms. Koropchak requested the commissioners list their priorities.
Brad Barger felt it was necessary to identify the number of parking spaces. Steve
Andrews felt that designers would address that problem when they came in.
Bob Murray felt that people who worked in the area would use most of the parking spaces
on weekdays between 8 a.m. and 5 p.m.
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HRA Minutes - 2/1 0/99
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Ms. Koropchak read Darrin Lahr's list.
1. Land acquisition.
2. Increase Park Amenities
3. Develop a Purpose for the Park.
4. Boundary Line between Commercial and Residential.
5. Create Accessible River (pathway).
Bob Murray stated Barb Esse wanted the HRA to support the swan issue by perhaps a
viewing pier to observe the swans.
Brad Barger stated the swans are only here in the winter and he did not feel many people
currently used the park. He felt that there was not enough there to attract them.
Ms. Koropchak felt it necessary to define the boundary area of the North Anchor. She
felt the project must meet three criterias: wants of the people, market driven and
economical.
Brian Stumpf felt any developer coming in would look at all aspects very carefuIly.
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Brad Barger felt it necessary to have input from other developers. The idea must be
marketable. Brad thought we should get other developers in to get different ideas of what
things might work in that area. He also wanted to see something on paper so the HRA
could see what could be done.
Steve Andrews asked if perhaps we should put out a RFP (Request for Proposal).
Bob Murray stressed the preservation of the river as a priority. Also, he questioned what
can we afford at the present time and whether or not we are planning to extend to the west
along the river. Bob felt it was important to remember the DNR will be a key player in
what can be done along the river.
Brian Stumpf stated that once all the property is acquired, the street could be vacated.
Bob Murray felt it was important to establish borders and to have all necessary
ordinances in place. The City Council could create a new zoning district.
Brian Stumpf also felt parking was a primary concern.
Brad Barger stated we must remember people live by the river and use the parks and it is
necessary to be a good neighbor.
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Bob Murray felt erosion control should be addressed.
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HRA Minutes - 2/1 0/99
A MOTION WAS MADE BY STEVE ANDREWS AND SECONDED BY BRAD
BARGER TO ADOPT TIlE FOLLOWING FIVE PRIORITIES TO ACHIEVE IN
REDEVELOPMENT OF THE NORTH ANCHOR AND APPOINTED
COMMISSIONER STEVE ANDREWS AND COMMISSIONER BOB MURRAY TO
THE NORTH ANCHOR SUBCOMMITTEE.
1. REVIEW PARKING REQUIREMENTS.
2. PRESERVATION OF RIVER. (RIVER BECOMES ATTRACTION WITH
AMENITIES).
3. CITY COUNCIL CREATES A NEW ZONING DISTRICT. (WATERFRONT IS
P ARK LAND).
4. PRESERV ATION OF THE PRESENT AMOUNT OF PARK LAND.
5. EROSION CONTROL.
Motion carried unanimously.
7. Consideration to authorize payment of month Iv HRA bills.
A MOTION WAS MADE BY STEVE ANDREWS AND SECONDED BY BRAD
BARGER TO AUTHORIZE PAYMENT OF THE MONTHLY HRA BILLS. Motion
carried unanimously.
8.
Consideration of executive director's report.
Executive director, Ollie Koropchak, reviewed her report with the HRA commission.
She stated that a storage agreement had been executed by the Richard Carlson and
payment of $60.00 received for a one year garage lease on the property at 220 Front
Street. Ms. Koropchak did take otTthe City's pad lock from the garage.
9. Consideration of reports:
I. Bob Murray gave a short report on the Community Center Small Group. He
stated that they meet every other week and that construction is ahead of schedule.
A random telephone survey will be conducted polling 425 residents as to whether
or not they want to add the aquatic center, climbing wall. The building itself will
not change. If the residents do not want these things added, there will be space for
other things. Mr. Murray stated that it would have been very expensive to
restructure the space. By March 9, 1999, we should have an answer.
2.
MCP - Steve Andrews. Steve Andrews stated that the MCP is working on
committee assignments, Hoats for parade, Hower pots for Main Street, and goals
and objectives.
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lIRA Minutes - 2/10/99
3.
Marketing Subcommittee - Ollie Koropchak stated that she began sending out
Marketing Brochures in late December and in January. Fifteen brochures were
mailed out each month with follow-up contact in two weeks. Eight prospects
were put in the dead file. The purpose of the mailings is to get Monticello
exposure. It will take time before we see results.
Mailed out an Industrial Business Report regarding things that are going on in the
City.
Objectives for 1999
1. Attend one trade show.
2. Freeway signage - maybe partnering with Allied Companies.
3. Visit a couple of businesses.
1. Other Business
a)
Approval of Blue Chip's Certificate of Completion.
A MOTION WAS MADE BY BOB MURRAY AND SECONDED BY STEVE
ANDREWS TO TABLE APPRO V AL OF BLUE CHIP'S CERTIFICATE OF
COMPLETION UNTIL THE MARCH MEETING. Motion carried unanimously.
2. Adjournment.
A MOTION WAS MADE BY BOB MURRAY AND SECONDED BY STEVE
ANDREWS TO ADJOURN TI-IE HRA MEETING AT 8:20 P.M. Motion carried
unanimousl y.
Chair, Steve Andrews
Nancy Whalen, Recording Secretary
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HRA Agenda - 4/14/99
4a.
Consideration to approve the Certificate of Completion for Blue Chip.
A. REFERENCE AND BACKGROUND:
This item was tabled from the February HRA meeting. Based on the Building
Department's inspection in January, the occupancy permit was not issued as some items
were incomplete. The owner was unaware of the work remaining as the Building
Department's contact is the builder, since becoming aware the owner has called for a final
inspection. On the inspection April 5, some items still rcmain incomplete and due to
their complexity will not be completed by April 14.
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ALTERNATIVE ACTION:
A motion to approve the Certificate of Completion for Blue Chip.
A motion to deny approval ofthc Ccrtificate ofComplction for Blue Chip.
A motion to table any action.
RECOMMENDA TION:
The recommendation is Alternativc 3. Pcr the Private Rcdevelopment Contract, subject
to unavoidable delays, the developer shall complete construction of the minimum
improvements by December 31, 1998. Minimum improvements meaning building and
site improvements. TIF payments commence August 1, 2000, and conclude no later than
February 1,2009. The amount ofTIF assistance is $32,000 at a 7.5% interest rate. It was
anticipated the assistance of $32,000 would be paid in six and one-half years (August
2006) to dceertify the district early or prior to its life duration (February 2009).
D. SUPPORTING DATA:
Certificate of Completion and Building Dcpartment inspection sheet.
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CERTIFICATE OF COl\1PLETION
WHEREAS, the Housing and Redevelopment Authority in and for the City of Monticello,
Minnesota, a public body, corporate and politic (the "Authority") entered that certain Contract for
Private Redevelopment with Blue Chip Development Company (the "Redeveloper") dated as of
. 1998 (the "Contract"); and
WHEREAS, the Contract contained certain covenants and restrictions set forth in Article N
thereof; and
WHEREAS, the Redevelop~r has performed all covenants and conditions insofar as it is
able in a manner deemed sufficient by the Authority to permit the execqtion of this certification;
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NOW, THEREFORE, this is to certify that all building construction and other physical
improvements specified to be done and made by the Redeveloper with respect to the Minimum
Improvements (as defined in the Contract) have been completed and the above covenants and
conditions in Article IV of the Contract with respect to the Minimum Improvements have been
performed by the Redeveloper.
Dated:
HOUSING AND REDEVELOPMENT
AUTHORITY IN AND FOR lliE CITY OF
MONTICELLO, MINNESOTA
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By
Its Chair
By
Its Executive Director
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HRA Agenda - 4/14/99
6.
Consideration to elect 1999 HRA officers and appoint committee reoresentatives.
A. REFERENCE AND BACKGROUND:
OFFICERS
In accordance with the lIRA Bylaws, the chair and vice-chair shall be elected at the
annual meeting of the Board of Commissioners from among the Commissioners of the
Authority and shall hold office [or one year or until their successors are elected and
qualified. The Secretary-Treasurer shall be appointed at the annual meeting of the Board
of Commissioners by the Commissioners.
Current Elected Officers -
Steve Andrews, Chair
Bob Murray, Vice-Chair
Current Appointed Officers - Rick Wo1fsteller, Secretary-Treasurer
At the annual meeting in 1998, the commissioners discussed available time to volunteer
and agreed to rotate the BRA officers among the commissioners suggesting the Vice-
Chair move up to Chair. Following the agreement of the 1998 annual meeting, Bob
Murray has agreed and will move up to Chair the HRA in1999. Upon preparation of the
agenda, Chair Andrews suggested the four remaining commissioners be contacted for
willingness to be serve as Vice-Chair 1999 and Andrews volunteered to be considered for
Vice-Chair. Darrin Lahr volunteered to be a nominee for Vice-Chair 1999. Dan Frie
expressed no interest. Brad Barger remembered the BRA agreement was to rotate the
officers of the HRA with each commissioner taking a turn as Vice-Chair then moving up
to Chair the following year. Taking-a-turn to mean according to sequence individuals
were appointed to the HRA; Darrin Lahr as Vice-Chair in 1999, Dan Frie as Vice-Chair
in 2000, etc.
Rick serves as the Secretary-Treasurer and delegates the recording of the minutes to
Nancy Whalen. Koropchak is employed as the Executive Director.
COMMITTEES/S UBCOMMJTTEES
The BRA, annually or as need be, appoints a commissioner(s) to various
committees/subcommittees. The only committee with By-Laws is the MCP, the others
are subcommittees established for a specific research or purpose. The MCP By-Laws
read the various city commissions annually appoint their representative to the MCP
Board of Directors. Length of term is three years. Al Larson served as the first HRA
representative and Steve Andrews was appointed a three-year term in February 1998.
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HRA Agenda - 4/14/99
Current Appointments:
MCP - Steve Andrews
Community Center Small Group - Bob Murray
Marketing - Darrin Lahr and Brad Barger
North Anchor - Bob Murray and?
Steve Andrews resigned from the North Anchor because of the lack oftime to volunteer
with his current work load. At the time appointments were made to the NOlih Anchor,
Brad Barger expressed interest; however, he supports Dan Frie for appointment.
B. NECESSARY ACTION:
First Motion
1. A motion to elect Bob Murray for Chair of the BRA in 1999.
The Chair calls for nominations for Vice-Chair ofthe HRA in 1999. Per agenda
preparation, Darrin Lahr and Steve Andrews volunteered for nomination as Vice Chair
1999.
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Second Motion
2. A motion to cease nominations for Vice-Chair of the HRA for 1999.
Third Motion
3. A motion to elect
as Vice-Chair of the lIRA for 1999.
Fourth Motion
4. A motion to appoint Rick Wolfsteller as Secretary-Treasurer of the HRA for
1999.
Fifth Motion
5. A motion to appoint the following commissioners: Steve Andrews to MCP, Bob
Murrav to Community Center Small Group, Darrin Lahr and Brad Barger to
Marketing Group, and Bob Murrav and to the North Anchor Group.
C. RECOMMENDATION:
No recommendations.
D. SUPPORTING DATA:
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None
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HRA Agenda - 4/14/99
7.
Consideration to review and accept the Year-End Financial Reports for the HRA
General Fund and TIF Fund.
A. REFERENCE AND BACKGROUND:
Rick WolfstclIer, HRA Treasurer, will submit the reports at the time of agenda deliver or
at the HRA meeting.
It is recommended the HRA consider a motion to accept the Year-End Reports.
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HRA FUND SUMMARY
12/31 /98
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DIST #1
IXI DIST #2
METCALF/
CARSON
DIST #3
FSI
DIST #4
IXI #2
DIST #5
CONST. 5 DIST #6
RAIN-
DANCE
DIST #7
NAWCO
Cash Surplus (deficit) 1/1/98 $0 ($44,840) $0 $0 $31,292 $14,701 $82,596
REVENUE:
Taxes
Homestead credit
Tax increments $41,192 $68,588 $63,247
Interest income
Rental income
Escrow deposits -application fee
TOTAL $0 $41,192 $0 $68,588 $63,247 $0
EXPENSES:
Escrow reimbursement
Salaries
Fringe benefits
Dues, memberships
Legal publication
Travel, schools
Property taxes
Prof. services--legal
Prof. services--engr
Prof. services--misc.
Interest expense--debt
Planning $15,338
Principal expense--debt
Misc. other expense
TIF loan (pay as you go) $20,000
Land acquisition - Schleif
Land acquisition -Hawkins
Transfer to debt service $31,750 $46,150 $37,265
Transfer to other funds -public
improvements
TOTALS $0 $31,750 $0 $0 $46,150 $52,603 $20,000
Cash Surplus (deficit) 12/31/97 $0 ($35,398) $0 $0 $53,730 $25,345 $62,596
ADDITIONAL NOTES:
Original Loans $36,751 $32,000 $191,551
Orig. developer agreement obligations $150,000
Outstanding loan balances as of 12/31/98 $0 $0 $0
Outstanding developer agreement
obligations 12/31/98
$0
$90,000
Payments due in 1999 $0 $0 $0
Principal
Interest
# of years left to collect TIF -0- 11 -0- -0- 13 14 -0-
Total amts to be received (based on 1998
TIF)
$0
$453,112
$0
$0
$891,644
$885,458
$0
F:\KAREND\SPREAD\FILE\HRASUM98.XLS: 4/14/99
Page 1
HRA FUND SUMMARY
12/31/98
DIST #8
NSP
DIST #9
TAPPER
DIST #10
REMMELE
DIST #11
MARTIE
DIST #12
AROPLAX DIST #13
STANDARD
IRON
DIST #14
SUBURBAN
Cash Surplus (deficit) 1/1/98 $7,929 ($24,499) $33,129 $1,306 $3,700 $29,873 ($11,891)
REVENUE:
Taxes
Homestead credit
Tax increments $5,657 $34,454 $41,515 $3,380 $17,837 $64,392 $13,102
Interest income
Rental income
Escrow deposits -application fee
TOTAL $5,657 $34,454 $41,515 $3,380 $17,837 $64,392 $13,102
EXPENSES:
Escrow reimbursement
Salaries
Fringe benefits
Dues, memberships
Legal publication
Travel, schools
Property taxes
Prof. services--legal
Prof. services--engr
Prof. services--misc.
Interest expense--debt $400
Planning
Principal expense--debt $3,000
Misc. other expense
TIF loan (pay as you go) $2,500 $56,472
Land acquisition - Schleif
Land acquisition -Hawkins
Transfer to debt service
Transfer to other funds -public
improvements $23,460 $29,250 $18,635 $12,175
TOTALS $3,400 $23,460 $29,250 $2,500 $18,635 $56,472 $12,175
Cash Surplus (deficit) 12/31/97 $10,186 ($13,505) $45,394 $2,186 $2,902 $37,793 ($10,964)
ADDITIONAL NOTES:
Original Loans $23,000
Orig. developer agreement obligations $25,000 $17,500 $311,000
Outstanding loan balances as of 12/31/98 $2,000
Outstanding developer agreement
obligations 12/31/98
$0
$0
$194,974
Payments due in 1999
Principal $2,000 $15,000 $10,000
Interest $160 $3,737 $2,275
# of years left to collect TIF -0- 1 1 1 2 5 3
Total amts to be received (based on 1998
TIF)
$0
$34,454
$41,515
$3,380
$35,674
$321,960
$39,306
F: \ KA R E N D\S P R EA D1 F I L E\ H RA S U M 98. X L S: 4/ 14/99
Page 2
HRA FUND SUMMARY
12/31 /98
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DIST #15
CUSTOM DIST #16
CANOPY POLYCAST DIST #18 DIST #19
DIST #17 RIVER MISS.
FAYMAR MILL SHORES DIST #20
PRAIRIE
WEST
Cash Surplus (deficit) 1/1/98 $12,368 $62,932 $36,538 ($5,216) ($15,422) $38,333
REVENUE:
Taxes
Homestead credit
Tax increments $12,373 $19,315 $18,403 $26,504
Interest income
Rental income
Escrow deposits -application fee
TOTAL $12,373 $19,315 $18,403 $26,504
EXPENSES:
Escrow reimbursement
Salaries
Fringe benefits
Dues, memberships
Legal publication
Travel, schools
.Property taxes
.Prof. services--legal $67 $142
Prof. services--engr
Prof. services--misc. $67
Interest expense--debt
Planning
Principal expense--debt
Misc. other expense
TIF loan (pay as you go) $7,427 $14,409 $32,500
Land acquisition - Schleif
Land acquisition -Hawkins
Transfer to debt service
Transfer to other funds -public
improvements
TOTALS $7,427 $0 $67 $0 $14,409 $32,709
Cash Surplus (deficit) 12/31/9$ $17,314 $82,247 $54,874 ($5,216) ($3,327) $5,624
ADDITIONAL NOTES:
Original Loans $55,000 $50,000 $65,000
Orig. developer agreement obligations $48,000 $50,000 $102,000 $325,830 $130,000
Outstanding loan balances as of 12/31/98
Outstanding developer agreement
obligations 12/31/98
$25,573 $55,000 $50,000
$50,000
$102,000
$308,926 $65,000
$65,000
Payments due in 1999
Principal
Interest
# of years left to collect TIF
Total amts to be received (based on 1998
TIF) 4
$49,492 6
$115,890 7
$128,821 6 13
$344, 552 23
F:\KA R ENDISPR EA D\FI LE\H RASU M98.XLS: 4/14/99
Page 3
HRA FUND SUMMARY
12/31/98
DIST #23
ALLIED
DIST #21 DIST #22 COMPANIES
LAKE DOWNTOWN (MIDWEST
TCl(ll o~nw r.r,..,~
DIST #24 I DIST #25 I
ST. BLUE CHIP GENERAL
Cash Surplus (deficit) 1/1/98 - -- ~r~r~rnn.a) rstrvtUlc I s UtV. HRA
REVENUE: ($5,463) ($279) $0 $0 $0 $33,538
Taxes
$14
830
Homestead cr
dit
,
e
Tax increment
s
Interest incom
e
$12
445
Rental inco ,
me $1 288
Escrow de
osit
li
ti
p
s -app
ca
on fee $3,000 $5,000 $5,000 $5,000
TOTAL
$0 $4,288 $5,000 $5,000 $5,000 $27,275
EXPENSES:
Escrow reimbursement
$1,673
Salaries
$11
670
Frin
e benefit ,
g
s
$2
428
Dues
member
hi ,
,
s
ps
Le
al
ubli
ti
g
p
ca
on $13
Travel
school
,
s
$454
Pro
erty taxe
p
s $734
Prof
services
l
l
.
--
ega $7,560 $3,108 $3,336 $4
784
Prof. services--engr ,
Prof
services-
i
.
-m
sc. $11,301 $5,565 $724 $1,050
Interest expense--debt
Plannin
g
Princi
al e
d
p
xpense--
ebt
Misc
other ex
.
pense $4 668 $37
TIF loan (
pay as you go)
Land ac
uisiti
S
hl
q
on -
c
eif $20,674
Land ac
uisiti
H
k
q
on -
aw
ins $56,468
Transfer to debt
i
serv
ce
Transfer to other funds -public
improvements
TOTALS
Cash Surplus (deficit) 12/31/97 $0 $103,091 $8,673 $4,060 $1,050 $19,373
($5,463) ($99,082) ($3,673) $940 $3,950 $41,440
ADDITIONAL NOTES:
r
L
Ori
inal Loan
g
s $63,000
Ori
devel
g.
oper agreement obligations $37,900 $500,000 $492,000 $1,201,281 $69,490
Outstanding loan balances as of 12/31/98 $63,000
Outstanding developer agreement
obligations 12/31/98 $37,900 $500,000 $492,000 $1,201,281 $69,490
Payments due in 1999
Princi
al
p
Intere
t
s
# of
ears left t
ll
t T
y
o co
ec
IF
Total amts to be received (based on 1998 7 25 9 25 g
TIF)
$1,094,000
$1,334,756
$87,134
F: \KA R END\SPREAD\FI LE\H RA SU M98.XLS: 4/14/99
Page 4
HRA FUND SUMMARY
12/31/98
•
•
TIF
SURPLUS TOTALS CITY
DIST 1-1
KMART
Cash Surplus (deficit) 1/1/98 $0 $280,625
REVENUE:
Taxes
$14,830
Homestead credit
Tax increments $429,959
Interest income $12,445
Rental income $1 288
Escrow deposits -application fee $18,000
TOTAL $476,522
EXPENSES:
Escrow reimbursement
$1,673
Salaries $11,670
Fringe benefits $2 428
Dues, memberships $0
Legal publication $13
Travel, schools $454
Property taxes $311 $1,045
Prof. services--legal $18 997
Prof. services--engr $0
Prof. services--misc. $240 $18,947
Interest expense--debt $400
Planning $15,338
Principal expense--debt $300
Misc. other expense $4,705
TIF loan (pay as you go) $133,308
Land acquisition - Schleif $20,674
Land acquisition -Hawkins $56,468
Transfer to debt service $198,685 $84,300
Transfer to other funds -public
improvements
$0
TOTALS $551 $487,805
Cash Surplus (deficit) 12/31/97 ($551) $269,342
ADDITIONAL NOTES:
•
Original Loans
Orig. developer agreement obligations
Outstanding loan balances as of 12/31/98
Outstanding developer agreement
obligations 12/31/98
Payments due in 1999
Principal
Interest
# of years left to collect TIF 1
Total amts to be received (based on 1998
TIF)
$85,800
F:\KA R EN D1SPR EA D\FI LE\H RA SUM98.XLS: 4/14!99
Page 5
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8.
Consideration to authorize payment of monthly HRA bills.
Recommendation is to authorize payment of HRA bills.
-5-
HRA AGENDA - 4/14/99
.
.
INVOICE 99-36
April 1, 1999
City of Monticello
ATTN: Ollie Koropchak
250 E. Broadway
P.O. Box 117
Monticello, MN 55362
271-3208
WILLIAM J. SWING
Information Services Director
Wright County Government Center
10 N.W. 2nd Street
Buffalo, MN 55313-1193
Phone: (612) 682-7316
E-mail: wjs7316@Co.wright.mn.us
'\'l.~ "
\ - \~
~ ,',v-U.- ~
__________________________ INVOICE -----------------------------
PID#, Name, Address & Values for Specific Plats in Monticello
City:
PLEASE PAY
Minimum Charge
Mailing Cost
Total
$ 12.00
1. 00
'" $ 13.00
$ 13.00
Please remit to: Wright County Auditor
Wright County Government Center
10 2nd St. N. W.
Buffalo, MN. 55313
Equal Opportunity I Affirmative Action Employer
~/\
.
.
KENNEDY & GRAVEN
Chartered
200 South Sixth Street, Suite 470
Minneapolis, MN 55402
(612) 337-9300
CLIENT SUMMARY March 8, 1999
City of Monticello
Ollie Koropchak
City Hall
P.O. Box 1147
Monticello, MN 55362-9245
Through February 28, 1999 ...... C\(J....,.. ~.;
MN190-00041: Redevelopment - General ~' ~~
MN190-00078: C~un~r-post Closing Issues
Services Rendered:
Disbursements:
Balance Due:
. 'r:" "" ,.,-"lari-,;:,r>ijlyd!aw
.::~ ".)t.,;;.i! Ci.11;-n 0( d";~and
13 ,,,.e, :;,'j '::i'h-,: 3nd thai.<o pari
ofi::j:
$
$
237.30
619.00
$
$
757.30
99.00
$
856.30
q /d-
.
.
.
KENNEDY & GRAVEN
Chartered
200 South Sixth Street, Suite 470
Minneapolis, MN 55402
(612) 337-9300
March 8, 1999
City of Monticello
Ollie Koropchak
City Hall
P.O. Box 1147
Monticello, MN 55
MN 190-0007
losing Issues
Invoice # 28869
Through February 28, 1999
For All Legal Services As Follows:
02/16/99 DJG Draft memo re tank form relocation 2.90
02/24/99 TLB Email memo to D Greensweig and B Batterson re 1.00
missing items in transcript; phone call with Nancy
at Ehlers; completion of transcript items
02/25/99 DJG Draft letter to state auditor re "blight" 0.60
02/25/99 TLB Transcript; phone call with D Dailan re permitted 0.25
Total Services:
For All Disbursements As Follows:
02/26/99
02/26/99
Photocopies
Postage
Total Disbursements:
Total Services And Disbursements:
348.00
80.00
$
72.00
20.00
520.00
$
83.00
16.00
99.00
$
619.00
1/3
.
.
.
City of Monticello
Ollie Koropchak
City Hall
P.O. Box 1147
Monticello, MN 55362-9245
KENNEDY & GRAVEN
Chartered
200 South Sixth Street, Suite 470
Minneapolis, MN 55402 ~ 0, ~
(612) 337-9300 ~;
March 8, 1999 ~~~
~~
MN 190-00041 : cRetievel6 f>ull;.ul - General
Invoice # 28867
Through February 28, 1999
For All Legal Services As Follows:
12/02/98 CHT Intraoffice conference with D Greensweig re 0.20
relocation issue; phone call with S Ingvalson re
same
02/26/99 SJB Phone call with 0 Koropchak re various 1.00
redevelopment matters
02/26/99 SJB Review loan issuing authority re tank farms; phone 0.50
call with R Wolfsteller re same
Total Services:
Total Services And Disbursements:
28.80
139.00
69.50
$
237.30
$
237.30
~/~
.
.
.
..-
HRA Agenda - 4/14/99
9.
Consideration of Executive Director's Reoort:
a) Bus Tour and Golf Outing - The date for the Chamber's GolfFundraiser is
Wednesday, June 9, 1999. The second annual bus tour will be held in the morning.
Please mark your calendar.
b) 3 Walnut Street - $75 still remains unpaid for the March rent plus the $50 late fee.
April's rent is due in-full on the 15th ofthe month. I did have a complaint from the
apartment owner relating to cars and garbage. The Water Department reported
old mattress and other debris along side of garage. Letter was mailed.
c) Local Constribution Match reports - The reports were submitted to the
Department of Revenue by deadline date of March 15.
Job and Wage Level reports - Only 4 companies needed to submit reports on job
and wage levels. These reports were submitted to the Department of Trade and
Economic by deadline date of April 1.
d)
Fluth was mailed a second notice for the approximate $4,700 due the HRA for
administrative costs associated with TIF District No. 1-22. Allied Companies
LLC was mailed a notice for the approximate $1,100 due the HRA for
administrative costs associated with TIF District No. 1-23.
e) All Monticello TIF Districts have now been certified by the county. Tax increment
will be collected from River Mills for payable 1999.
f) The EDA approved a $100,000 real estate loan for Groebner and Associates.
Closing documents are under preparation with closing anticipated for late
ApriVearly May.
g) Cou.ncil and Commission members were invited to tours of the newly constructed
Midwest Graphics and B&B Metal Stamping buildings and the existing building
now occupied by Groebner & Associates. The Industrial Gratis Breakfast is
scheduled for April 22, 7:30 a.m., Riverwood Conference Center.
h) A developer and an owner have inquired to the availability of TIF for
redevelopment of the St. Henry's properties and renovation ofthe Monte Club,
respectively. Both were advised to make a preliminary concept presentation to
the HRA with preliminary evidence to meet the "but for" test. Based on political
support for the proposed projects, the projects will be reviewed against the criteria
for establishment a district. Perhaps they may appear before the BRA in May.
-6-
.
.
.
HRA Agenda - 4/14/99
h)
The IDC is working on two larger industrial projects both of which have good
development potential. One project would be in the future, year 2000. The
second project, if materializes, could commence construction in 1999. Enclosed
are the TIF projections based on a 175,000 sq ft building print of which the 25,000
sq ft office space consist of two floors or total 50,000 sq ft office. Certainly, the
project would increase the tax base of Monticello. Additionally, per the request of
the Mayor, the company will submit preliminary projected job and wage level
goals. The developer is in the process of drafting preliminary concepts for the
building on approximately 18 to 20 acres and the company is in the process of
securing financing. The project will include 5-6 acres of secured area. Unless the
HRA has strong objections, staffwill continue to work with the developer to put
the project together and the HRA can anticipate a request for TIF assistance
perhaps at the May meeting. Both projects remain confidential as negotiations
with the property owners has not taken place.
i)
At the request of the IDC, I did some research on the incentives offered by Big
Lake and Buffalo for industrial development. The IDC will draft a closure to their
discussion and perhaps recommend further direction at their April 15 meeting. If
time permits, I will share the information with the HRA under 11. Other business.
j)
I've registered for a Manufacturing Engineering Trade Show at the Minneapolis
Convention Center, May 4 and 5. Additionally, I've registered for the Fillmore
Mississippi Heritage Conference, May 13 and 14 and the Twin Cities Community
Development Expo, April 27.
k) Tax-credit town homes - I've contacted Brad Larson for an update on the status of
his tax-credit application for low to moderate income town homes. You will
recall, the HRA and Council gave preliminary concept approval of use of TIF
assistance. He submitted copies of preliminary drawings ofthe site and building
plans, the drawings will be available for your review at the meeting. At this time,
he has received no word if his application has been approved for funding or no
funding. No action required of the HRA.
-7-
April 7, 1999
--
MONTICELLO
Janny and Tammy Hacker
3 Walnut Street
Monticello, MN 55362
Dear Janny and Tammy:
This letter is to inform you that the Office of the Housing and Redevelopment Authority (the
'Landlord") has received to two complaints relating to a mattress and other debris stored outside
and along side the garage located at 3 Walnut Street.
.
The following are a couple of options for disposal of the debris. First, the City of Monticello
annually holds a Junk Amnesty Day which allows residents to dispose of unwanted bulky
household items. This is scheduled for Saturday, May 1, 1999, at the commuter parking lot near
Monticello Ford. The hours are from 8:00 a.m. to 3:00 p.m. This is an excellent opportunity to
dispose of these items free of charge.
Or secondly, Superior Services can be contacted to arrange a curbside pick-up for a small charge.
Superior Services can be reached at this toll free number, 1-888-251-8919.
The Authority hopes you will take advantage of the options and take measures to dispose of the
debris. Should you have any questions, please call the Office of the Housing and Redevelopment
Authority, 295-2711.
Sincerely,
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MONTICELLO, MINNESOTA
CJ~ '\~~~
Ollie Koropchak
Executive Director
c:
File
q)
.
Monticello City Hall. 250 E. Broadway, PO Box 1147. Monticello, MN 55362-9245 . (612) 295-2711 . Fax: (612) 295-4404
Office of Public Works, 909 Golf Course Rd., Monticello, MN 55362 . (612) 295-3170 . Fax: (612) 271-3272
.
.
.
"'''ts and _...'" Inc.
CITY OF MONTICELLO, MINNESOTA
T.LF. CASH FLOW ASSUMPTIONS
InlereSt Flale
Tu E.r.1,nllion R...:
lnlllllon Rare:
PIN
111
BASE V ALOE INFORMATION
Pay 1M Pay 1111 CJ.ss
Value _ Y~1!9 , '.~ Rat,
I 1 2.4$%13,5%
7.500%
1.32050 Pay 99
0,??oo%
"._._~.I
I
TOIaI
Onlllnel Tp Capac:lcy Infletian F,*r:
100.00%
PRQJECF VALUE INFORMATION
Type 01 Tax Inc:rement Dlsutcl: Economic Oev~enl
TYlM 01 Developmlnt: ManulaCll.lring
Number of Building Square Fl;lot 200,000
Estlmaled Mallcl! Value of New PIC/ad:
Cia" Rill an firal 11$0,000 of Markel Value
CIIIIIIlII8 Markl! Valul > '150.000
E:.lImalld Tu CapacJey:
Estimated Taxes:
A&liesaor'a ~ltcet Value/d.
raxuls.f,
2.45%
3.50%
Assumes distriCI is approved in July, 19D9.
Please verily maltclt valul tor 94/95 and 99100 for fiVe year inflaliOl'1 value,
Assumes 26% partlal asscsamllnt oIlncremant as 01 Jan. 2. 2000.
5,826,000 Pay 02
205.800 Pay02
271,7$11
$29.83
i $1.36
C\ / J-:,
200kPOll. Wl<4
CITY OF MONTICELLO, MINNESOTA
TAX INCREMENT CASH FLOW
Base Project Captured SemI-Annual HRA SemI.Aftnuai---' -, Local VllOlrs
PERIOD BEGINNING T&IO: Tax Tax Groll Tax lit Nllt Ta.; Match at Of PERIOD ENDING
. H)'~' ___~,__.. Yr.. 9~P.l\cily 9~tv Ca~~.iJxw. Increment 19,25"1~ _...., Insr.e!.!!l!!.t 10.00% Increment Yrs. Mlh. Yr.
0,0 08-<11 1999 0 0 0 . - 'P '-'-"-0" ,. 0 0 0 0.0 0.5 02.01 2000
0.5 02-<11 2000 0 0 0 0 0 0 0 0.0 1.0 OS-<ll 2000
1.0 0&01 2000 0 0 0 0 0.0 1.5 02-01 2001
1.5 02-<11 2001 0 51,450 51,450 33,970 (3,.482) 30.498 3.3&7 0.5 2.0 08-<l1 2001
2.0 08001 2001 33.970 (3,482) 30.488 3,397 1.0 U 02-01 2002
2.5 02-<11 2002 0 205,8O(l 205,800 135.879 (13,928) 121.952 13.588 1.5 3.0 08.01 2002
3.0 08-01 2002 135.879 (13.928) 121.952 13,588 2.0 3.5 02.01 2003
3,5 02.01 2003 0 205.800 205.800 135,879 (13,92S) 121,952 13,588 2.5 4.0 08.01 2003
4.0 OS-<I , 2003 135.979 (13.Sl2S) 121,952 13.588 3.0 4.5 02.01 2004
4.5 02-01 2004 0 205.800 2OS.8OO 135.879 (13.928) 121.952 13.588 3.5 5.0 08.01 2004
5.0 08-01 2004 135,879 (13.928) 121.952 13.588 4,0 5.5 02.0 1 200S
5.5 02.01 2005 0 205.800 2OS.800 135,879 (13,928) 121.952 13,588 4.5 6.0 08.01 2005
6.0 08-01 2005 135.879 (13.82S) 121,952 13.588 5,0 8,5 02-<11 2006
8.S 02-01 2006 0 205.800 205.800 136.879 (1U28) 121,tIl2 13.588 $.$ 7.0 1)8.01 2Q08
7.0 08001 2008 135,879 (13,928) 121,952 13,$88 6.0 7.5 02001 2007
1.5 02-01 2007 0 205,800 2OS,8oo 135,8'9 (13,128) 121.gu 13.588 6.5 8.0 OMl 2001
8.0 08.01 2007 135,879 (13,928) 121.952 13,_ 7.0 9.5 02.01 2008
8.5 02-01 2008 0 205,800 205,800 135,879 (13.928) 121,~ 13.588 7.5 g,O 08-01 2008
g.O 08-01 2009 135.9711 (13.i2B) 121,952 13.588 8.0 9.5 02.01 2009
9.5 02-<l1 2009 0 205.800 2O!l,800 135.879 (13.928) 121,1152 13.588 8.5 10.0 08-01 2009
10.0 08-<11 2009 '.~~.979_..__._I~.3!~211L ..~. ''th~ 13588 9.0 10.5 02001 ~1()
___._____._u".1.9.~ 011 9 012205 224 201 --
Present Valulls , ,399.322 (149,431) , ,25.e,.@82
-'.:........,
.
-.
~/)
Ehler8 8n<l AlI6oclal9ll. Inl;.
"";0 2 2llOH881J. WK.
~ APIy'.,a12-99 09 = 32 _ ~ vv~ ~ I D = 6 1 24974 2 37 PAGE 2/2
~ ~•_•,•.,•'' N0.978 P../3
v ;
OOAL6 dF $US~TBSS RBCffiVJNC~ AS6TSTANCS
Pie P~faae ~
~_~ I ~_
Lis tam 57.00
s~.00 to $7.99
j.~._ ~ $8.GQtQS9.s9
_L~ ~- i~ I~.00 t~ S11.99
~ a-
~~. 3
--~ 31200 m $13.99
15" 3 $1408taSI5.99
~_ 316,00 aadlri~si
6E,~o`,r~ t~E~rN ~~/g .
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~ ° ~ I~
March 30, 1999
Mr. Rod Bunting
Auditor's Office of Wright County
10 Northwest 2 Street
Buffalo, MN 55313
Dear Rod:
This letter is to acknowledge the date of certification on the County Auditor's Certification form and to confirm the
actual date of certification by the County relating to the following Monticello TIF Districts:
Citv TIF District No. Request Date Certification Date Actual Certification Date
On County Form
TIF No. 1-18 (River Mill) March 21, 1995 March 23, 1995 March 13, 1999
T1F No. 1-19 (Mississippi) April 27, 1995 Apri128, 1995 Apri128, 1995
Duplication March 13,
1999
TIF No. 1-23 (Midwest Graphics) July 16, 1998 July 17, 1998 March 13, 1999
TIF No. 1-24 (St. Ben's) January 4, 1999 January 8. 1999 March 13, 1999
TIF No 1-25 (Blue Chip) December 16, 1998 December 21, 1998 March 13, 1999
As administer of the TIF Districts for the City of Monticello, this confirmation is on record as the actual
certification date by Wright County for the purpose of any future inquiries by the State Department of Revenue or
State Auditor's Offtce.
Should you have any questions, please call me at 271-3208. As always, thanks for your cooperation.
Sincerely,
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MONTICELLO, MINNESOTA
Ollie Koropchak
Executive Director
c: Rick Wolfsteller, City Administrator
Doug Gruber, Wright County Auditor
Monticello City Hall, 250 E. Broadway, PO Box 1147, Monticello, MN 55362-9245 • (612) 295-2711 • Fax: (612) 295-4404
Office of Public Works, 909 Golf Course Rd., Monticello, MN 55362 • (612) 295-3170 • Fax: (612) 271-3272
MONTIC'ELLO
Monticello Area Chamber of Commerce
MONTICELLO
C7
Apri17,1999
205 Pine Street
P. O. Box 192
Monticello, Minnesota 55362
Phone (612) 295-2700
Fax (612) 295-2705
Ollie Koropchak
City of Monticello
PO Box 1147
Monticello, MN 55362
Dear Ollie,
We believe it is important that the business community understand how their
local government works for them and what the mission is of the different
commissions that makeup our local governing system. To this end, we are
interested in having someone from the Housing Redevelopment Authority (HRA)
commission mak& a five to seven minute presentation at our June Chamber
Meeting.
The meeting is Thursday, June 17,1999 at 11:50 a.m. at the Silver Fox Inn. The
planned presentation for that meeting will include introduction of the candidates
running for Miss Monticello (approximately 15 minutes), a presentation from the
HRA and I have also invited someone from the Planning Commission to make a
presentation. We expect the lunch to conclude at 12:50 p.m.
Please contact me at the Chamber office to confirm an HRA member's attendance
at 295-2700. Thank you for your consideration in advance.
Si erely,
P ~
,,~~' ~ .
!~
r/ Ki M. B s
Presiden
r]
L