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EDA Agenda 05-13-2009AGENDA CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY Wednesday, May 13, 2009 6:00 p.m. Mississippi Room - 505 Walnut Street, Monticello, MN Conunissioners: President Bill Demeules, Vice President Dan Frio, Treasurer Bill Tapper, Bill Fair, Bob Viering, and Council members Tom Perrault and Brian Stumpf Staff: EDA Executive Director Megan Barnett 1. Call to Order 2. Approve minutes: April 8, 2009 Approve workshop minutes: April 8, 2009 3. Consideration of additional agenda items 4. FiberNet Presentation (6:00 — 6:45pm) * The Planning Commission has been invited to attend this presentation 5. Approval of the EDA Invoices 6. Consideration and approval of revised EDA Bylaws 7. Request from John Chadwick to purchase 13.67 acres of industrial land 8. Marketing 9. Report of committees: Higher Education Committee, Fiber Optics 10. Report of the Executive Director 11. Adjournment EDA 5.13.09 4. FIBERNET PRESENTATION: (6:00pm — 6:45pm) A. REFERENCE AND BACKGROUND: FiberNet Monticello has the opportunity to apply for a federal grant to assist in financing Monticello's fiber to premises project. City Staff and Don Patten, FiberNet Monticello General Manager, will address this exciting opportunity with the EDA. The EDA will be asked to approve a resolution supporting the City's efforts in applying for the grant and moving forward with the fiber to every address project footprint. B. ATTACHMENTS: a. Proposed Resolution supporting the City Council in applying for a Broadband Technologies Opportunities Grant Application through the National Telecommunications and Information Administration. C. STAFF RECOMMENDATION: City staff is recommending the EDA adopt Resolution #2009 -02 supporting FiberNet Monticello in applying for a federal grant to fund the fiber to premises project. D. ALTERNATIVE ACTION: 1. Motion to approve resolution #2009 -02. 2. Motion to deny approving resolution #2009 -02. 3. Motion to table action. ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION 2009 -02 IN SUPPORT OF A BROADBAND TECHNOLOGIES OPPORTUNITIES PROGRAM (BTOP) GRANT APPLICATION THROUGH THE NATIONAL TELECOMMUNICATIONS AND INFORMATION ADMINISTRATION (NTIA) WHEREAS, the City of Monticello desires to build out its full fiber optics telecommunications system, also known as FiberNet Monticello, as a self - supporting enterprise of the community, and WHEREAS, the American Recovery and Reinvestment Act of 2009 requires establishment of the Broadband Technology Opportunities Program (BTOP) with the express purposes of (1) providing access to broadband service to consumers in un -served areas; (2) providing access to ultrafast broadband service in underserved areas; (3) providing broadband education, awareness, training, access, equipment, and support to schools, libraries, medical providers, senior citizen groups, and other entities to facilitate greater use of broadband and provide broadband access to low income, unemployed and vulnerable populations; (4) improving access to broadband service by public service agencies; and (5) stimulating demand for broadband, economic growth and job creation, and WHEREAS, the grant award criteria of the BTOP grant program are met by FiberNet Monticello in terms of (1) long term economic development and job creation, (2) essential telecommunications services for all residential and business addresses in the service area at amenable prices, (3) local accountability and customer service, (4) utilization of technology which provides infinite possibilities, and (5) partnerships with our businesses, community hospitals and medical facilities, school system, library, public safety departments, and area townships in providing broadband access, and WHEREAS, the inception of FiberNet Monticello was a direct result of the business community requesting faster data speed services brought to local businesses; WHEREAS, the citizens of Monticello support the concept of FiberNet Monticello as shown by the referendum vote in September of 2007 and through surveys taken in Fall of 2006 and Fall of 2007, and WHEREAS, local businesses, residents, non -profit organizations, K -12 and Higher Education entities, and the medical facilities within the community have expressed support of FiberNet Monticello, and WHEREAS, the City has endeavored to subscribe to the wishes of the voters by (1) designing and engineering a fiber optic network for every address within the City, (2) development of a complete and sustainable business model, (3) a successful revenue bond sale of $26 million, (4) completion of a Central Office and Head -end building, (5) installation of an 11 -mile fiber backbone network, (6) effective and expanding marketing efforts, (7) operational and management team in place, (8) connectivity to the outside world, and WHEREAS, the $26 million in bond funds, that were placed in escrow in June 2008 due to a legal challenge filed against the City, may not be available for funding of the FiberNet Monticello project as originally intended, and WHEREAS, the City seeks an alternate funding source for the FiberNet Monticello project and has at its disposal the ability to meet the 20% match as defined in the grant guidelines; NOW, THEREFORE, BE IT RESOLVED that the Economic Development Authority supports the City of Monticello in filing a Broadband Technologies Opportunities Program grant application with the National Telecommunications and Information Administration with the goal of obtaining funding to complete the expanded FiberNet Monticello project. ADOPTED, this day of 2009, by the Economic Development Authority of Monticello, Minnesota. CITY OF MONTICELLO t:)'A ATTEST: President Megan Barnett, Economic Development Director 5. Approval of EDA Invoices. a. Post Office: b. Pinnacle Printing: c. Kennedy & Graven: d. Wright County: e. Kennedy & Graven: £ NIN Real Estate Journal: Business Newsletter Business Newsletter Business Subsidy Criteria Property Taxes WSI Loan (paid for by WSI) Land Ad (shared cost with Xcel) g. Newspaper: PH notices for Business Subsidy revisions � � no > I ® O O U ! 2 \ ( ! \ 0 !� / ■ } # � \ \ \ \\ \ \) )y\ ; ) \ \ ■ } # � \ \ \ \\ \ ` \ \ \ \ \ \ } ) \ ) ) \ \ / { . » / \ \ \j \ ¥ - \ \\ \ ® { \ \ { ■ } # � \ \ \ \\ \ ■ } # � 0 z 0 0. G O E Q O z Y u a r SO a m A rl c 0 L V a Q L O 9 C a L a .G E 7 C u Q r 0 N b E F C 0 a v n: N b0 a 11 0.. N M D\ O O N O h O_ O U U 6 T Q 0 USPS PostalOne! Transactions> Postage Statement Processing St3 d rd n1.11 _ D. —If lmnvini b Deccint Page 1 of 1 ! Feedback I Personal Profile I Loaout ! Restricted Information �f OAday's Date: 04/24/2009 Final POSTALSERVICE TIONS # 3602 STATEMENT OF MAILING /3607 WEIGHING AND DISPATCH 2O0911416093155M1 , CERTIFICATE CAPS TRANS NO: N/A Postage Statement: Mailer's Job #: 68672129 CITY OF MONTICELLO 505 WALNUT ST STE 1 FINANCE NUMBER: 266460 MONTICELLO MN 55362 -8831 STATION OR UNIT: MONTICELLO MN (1578A) PERMIT NO: 99 DATE OF MAILING CLASS PROC CAT TYPE 04/24/2009 Standard Mail Letter PI WEIGHT OF SINGLE PIECE TOTAL PIECES TOTAL POUNDS Customer Reference ID (LBS) 386 18.3350 0.0475 CAPS Acct No: MAILED FOR: PERMIT NO. NAME: CONTAINERS -T Y q4���, E 2 AMOUNT FROM TRUST: $132.40 VERIFICATION SUMMARY: No verification errors. f LGJ Rf=CEIVED R& PROCESSING BY SIGNATURE OF WEIGHER DATA PROCESSED BY COMMENTS: BEGINNING BALANCE: $1,149.37 e`- '��''� - ;i =__.l "N--, f+ i "`�"'E`"'��'� - ENDING BALANCE: $1,016.97 €i 7 f.' '— T..-=, Lj mailing has been inspected concerning�� (1) eligibility for postage prices claimed; (2) proper preparation (and presort where repir�dJ;G', -I ' t!' (3) proper completion of postage statement and E (4) payment of annual fee (if required). t t PIT ,f f'ic �'Fe�atiaeKj'Lo out -I Copyright ©1999 -2009 USPS. All Rights Reserved. Terms of Use https : / /www.uspspostalone.comlpostal l /postage_ statements/ manual_stateinentslindex.cfm... 4/24/2009 Invoice Date Invoice # PINNACLE PRINTING 4/22/2009 8868 INCORPORATED P.O. Box 54 113060 43rd Street NE I St. Micbael, A4N 55376 I TEL. 763497 2896 1 FAX. 763.497131b Bill To City of Monticello 505 Walnut Street Monticello, MN 55362 P.O. Number Terms Megan Quantity Item Code Description Amount 400 42000 Newsletters 449.00T 1 46000 Typesetting 45.00T Sales Tax 32.11 v i rte r 3 SS rFt � NR 2 4 2009 fl ET 11 r Total $526.11 r 2 Page: 1 Kennedy & Graven, Chartered 200 South Sixth Street City of Monticello Suite 470 Minneapolis, MN 55402 ff E � February 28, 2009 1 MN190 -00001 General Through February 28, 2009 For All Legal Services As Follows: Hours Amount 212/2009 MNI Gather, edit, and send model business subsidy policies to 1.50 262.50 M Barnett. 2/2/2009 MINI Review and revise TIF guidelines. 0.60 105.00 2/212009 MNI Review and revise small cities guidelines. 0.70 122.50 2/3/2009 MNI Review Small Cities documentation; phone conversation 1.50 262.50 with M Barnett regarding EDA conflict of interest provisions and timeline for presenting new business subsidy guidelines. 2/4/2009 MNI Review business subsidy documents, preparation for 1.30 227.50 lunch with M Barnett. 2/4/2009 MINI Review and revise business subsidy criteria. 1.00 175.00 2/4/2009 MINI Revise business subsidy criteria to include City. 0.30 52.50 2/6/2009 MINI Finalize Small Cities criteria document. 1.30 227.50 2/6/2009 MNI Review and revise Small Cities guidelines; email to M 1.60 280.00 Barnett regarding EDA workshop. 2/9/2009 MINI Finalize Small Cities working document for work session. 1.10 192.50 2/10/2009 MNI Prepare for EDA work session on business subsidies. 0.50 87.50 2/11/2009 MNI Travel and EDA work session on business subsidy criteria 3.00 525.00 and program guidelines. 2/12/2009 MINI Revise business subsidy and program documents based 2.10 367.50 on EDA work session comments. 2/13/2009 MNI Final review of business subsidy and program guidelines 0.90 157.50 documents; circulate to City. 2/17/2009 MNI Draft resolution approving business subsidy criteria; 1.20 210.00 circulate and email correspondence regarding process with M Barnett. 2118/2009 MNI Phone conversation with M Barnett at City regarding 0.40 70.00 revisions to guidelines documents. 2/2312009 MNI Research data practices info for M Barnett. 0.70 122.50 Page: 2 Kennedy & Graven, Chartered 200 South Sixth Street City of Monticello Suite 470 Minneapolis, MN 55402 February 28, 2009 Total Services: $ 3,447.50 Total Services and Disbursements:$ 3,447.50 LY r �� 11LO ooN`° of ROBERT L IIIIVALA a t WRIGHT COUNTY AUDITORrFREASURER x n 10 SECOND STREET N.W. ROOM 230 o BUFFALO, MN 55313 -1195 3 e 763- 682 -7572 or 763- 684 -4540 ® 1ese wwxtcomright.mn.us Property ID #: R15"10- 067060 Taxpayer: i HTCRIU: L40LUJ c5fi CITY OF MONTICELLO EDA Taxes P@ablQ, @a♦':- Y. -:2Qay `2009, 505 WALNUT AVE STE 1 $27360 MONTICELLO MN 55362 -8822 Your Property Tax Values & Classification III[ 1u1l1ut1IIJI IrIIuIrIu1lu111u1t111nun111u111 Estimated Market Value 187,000 III You may be eligible for one or even two New Improvements/ refunds to reduce your property tax. Expired: Exclusions: Taxable Market value: - 187,000 REFUNDS? Read the back of this statement to find Property Classification: COMMERCIAL EXEMPT out how to apply. Taxes Payable Year: 2008 2009 1. Use this amount on FormM1 PR to see If you are eligible for a property tax refund. $ 0,00 File by August 15 If this ,box Is checked, you owe delinquent taxes and are not eligible. 2 Use these amounts on form M1 PR to see if you are eligible for a special refund S 0.00 Your Property Tax and How it is Reduced By The State 3. Your property taxes before reduction by state paid credits $ 6005.00 $ 0.00 4. Credits paid by the State of Minnesota toreduce your property tax - - - - A. Homestead and agricultural market value credits 0.00 0.00 B. Other Credits - 0.00 0.00 5 Your property iaz after reduction 'by state paid credits - 6005-00 0-00 Property Tax by Jurisdiction 6. County WRIGHTCODNTY - - - $ 1,184,04 $ 0.00 - - - 0.00 0.00 7. City or Town CITY OF MONTICELLO - 1,755.63 0.00 S. State General Tax 1,682.29 0.00 9. School District` 0882 - - A. Voter approved levies - 965.80 0.00 B. Other local levies 322.99 0.00 10. Special Taxing Districts - - A. HOSPITAL - 94.25 0.00 B. 0.00 0.00 C. 0.00 0.00 11. Non - school voter approved referenda levies D. 0.00 0.00 0.00 - 0.00 12. Total property tax before special assessments a 6-006-00 3 0 00 Special Assessments on Your Property 13. Special assessments PRINCIPAL 25.00 25.00 25.00 CO SIN DEBT 86000-0 25.00 l t �L a 2A PAY IN FULL MAY 15 $ 25.00 ROBERT J. HIIVALA t WRIGHT COUNTY AUDITORMZEASURER 2 10 SECOND STREET N.W., ROOM 230 x °. LM 9 BUFFALO, MN 55313 -1195 b a 763- 682 -7572 or 763 -694 -0540 wWW.Co.wrightmn.us L.20899 Propert y ID #: R155 -010- 067010 Taxpayer: !. 111111 'i i' s .._ ♦ 1 CITY OI CON ELLO t5fi CITY OF MONTICELLO EDA t= I �� 4 , r a s.,7 + fi,. t1 s �� � �., }�:v �, d 505 WALNUT AVE STE 1 SC t7leo Your Property Tax Values & Class t cation MONTICELLO MN 55362 -8822 COSW. DEBT $6000.0 25.00 Estimated Market Value 369,300 42;716:00 $ ' 943 -07 - ' FIRST HALF DUE MAY 15 $ You may be eligible for one or even two New im�revementsi Expire OCTOBER 15 refunds to reduce your property tax. Exclusions: Taxable'Market Value: '369,300 REFUNDS? Read the back of this statement to find Property Classification COMMERCIAL EXEMPT out how to apply, Taxes Payable Year, _ _ 2008 2009 1. Use this amount on FormM1 PR to see if you are eligible for a property tax refund. $ �� 0.00 _ File by August 15, If this box Is checked, you owe delinquent taxes a_ nd are not eligible. - 2 m Use these amounts on form M1 FIR to see if you are eligible for a special refund $ 0.60 - YourPropertyTazandHoW.Itts Reduced By The State 3. Your property taxes before reduction by state paid credits $ 10724.00$ 0,00 4- . Creditspaid by,the',tat:e of Minnesota to reduce,your property tax �,,,_, -_ A. Homestead and agricultural market value credits 0.00 0.00 - - .: , :. B. Other Credits '- -, ,.. -. 5 Your'p_rope y fax after reduction 6y st�,naid credits - - ,:. 010 ,. 10724 A9 -v .. -: 0.00:... - 0.00 Property Tax by Jurisdiction - -' - .,_- ' h, ..:.,, _ .._: -_,.. ,,.. $ `6'. IGAT'COUNTY" - .. _....2,100.98 - -$ � 0.80': Z' Clty or Town CITY OF- MONTICELLO 0 oa 0.00 8. - State General Tax ,;:, -: - 2,984.94 0.00. - `9. ' School'O krkir 0882' - - A. Voter approved -levies _ , _ ,x B. Other local levies- 580,01, 0.00;: `10.` Special Tazing- Dlsfffcts`• "' - "' - A. HOSPITAL '` -' - ' ` ' :' -" ` 167.23." : 0:00" 0.00 0.00. - D. Non - school voterapproved referenda levies D 00,.. - 600' 0.00. -0:00- 12. Total property tax before special assessments a 10-724-00 m 0.00 13. Special_ assessments INTEREST 392.65 PRINCIPAL 1,520.82 198200 UTILITIE6-24611 -0 - 1,888.47 1913.47 - COSW. DEBT $6000.0 25.00 14— Y- OUR- TDT,.L411 PE- Ftr"" "ND- SP€CIAL- ASSESSMEIJTS $ - 42;716:00 $ ' 943 -07 - ' FIRST HALF DUE MAY 15 $ 956.74 SECOND HALF DUE OCTOBER 15 Monticello EDA Megan Barnett March 31. 2009 Page: 1 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 MN325 -00020 WSI Loan Extension APR 2 3 P009 CITY t 1 r-M Through March 31, 2009 For All Legal Services As Follows: Hours Amount 3/10/2009 MNI Phone conversation with M Barnett regarding extension of 0.80 140.00 GMEF loan to WSI; review loan agreement. 3/17/2009 MINI Phone conversation wtih M Barnett regarding possibility of 0.30 52.50 restructuring WSI loan. 3/17/2009 MNI Further review of WSI contract; email follow -up to M 0.40 70.00 Barnett regarding job and wage goals; office conference with J Eddington regarding same. 3/20/2009 MNI Phone conversations with M Barnett regarding WSI loan 1.60 280.00 extension and business subsidy goal questions; office conference with S Bubul regarding need for public hearing; draft amendment to loan agreement and replacement note /mortgage. 3/20/2009 MNI Review additional business subsidy info from WSI; email 0.90 157.50 correspondence regarding required evidence; draft amendment. 3/23/2009 MNI Draft amended loan agreement, note and mortgage. 1.40 245.00 3123/2009 MNI Add legal description, date of EDA consideration per City 0.30 52.50 email. 3/24/2009 MNI Final review of documents; send to M Barnett at City. 0.70 122.50 Total Services: $ 1,120.00/ City of lionticell 505 Walnut Street, e Total Services and Disbursements:$ ir 1,120.00 19onnticello< 141 .`,5362 (763) 295 -2711 5661010 04/2012001 8:27 AN LIS! Industries, Inc. Mirtgage extension legal fee rembursement Reimb of WSI GNEF Legal 1,125.06 Tetal 1,120.00 Tendered: Check. Cr11035186 1,125.55 Change 0,00 Th "1. ­11 I 01 • d� C�* Q n- I 0 z 0 F Q O z V V ti ®n' w7 err 0 u h O ' ^b I n a Q, O O M c1 N �D V O � Q W O 3 a A � LN a' O A !P y N O W FO' a 6 U 5 A P C 7 R a °o v v 0 v N as a b b as P T O O O O N N O O a Q W N y O O AP rn w ro b CO EO C C a 'O a a 6 Q 0 0 N m xx F F a. 3 3 zz a� In 00 O O V U a C U yU 4 0 0 0 0 c a 0 0 e e e v ti Mi CI N t1 N V W 4. F O r' O P W N F i F M N O O N N U Q .o 0 t~ WQ Y vl N ;J 0 a N �V O P O C13 � O N O N N O ♦V ✓1 I+y A N O N � � N O s E z Cd n a Q, O O M c1 N �D V O � Q W O 3 a A � LN a' O A !P y N O W FO' a 6 U 5 A P C 7 R a °o v v 0 v N as a b b as P T O O O O N N O O a Q W N y O O AP rn w ro b CO EO C C a 'O a a 6 Q 0 0 N m xx F F a. 3 3 zz a� In 00 O O V U a C U yU 4 0 0 0 0 c a 0 0 e e e v ti Mi CI N t1 N V W 4. F O r' O P W N F i F M N O O N N U Q .o 0 t~ WQ Law Bulletin I to REAL ESTATE COMMUNICATIONS GROUP INDEX PUBLISHING CORPORATION Publishing Company SULLIVAN'S LAW DIRECTORIES 415 NORTH STATE STREET CHICAGO, ILLINOIS 60654 INV E 372.644.7800 BILL TO: 113723 -00 Invoice Data: 04/02/09 IrOA;1�0 CITY OF MONTICELLO Invoice Number: 1152710 505 Walnut St Ste 1 Salesperson: KODYTEK Monticello MN 55362 Due Date: Upon Receipt Fein: 36- 1368690 Attn: ACCOUNTS PAYABLE SOLD TO: 113723 -00 CITY OF MONTICELLO 505 Walnut St Ste 1 Monticello MN 55362 Cast PO: None Order: 756616 Qty Price Inv Amt 04/02/09 MN Real Estate Journal 1/4 Pg B/W 1 EA 995,00 995.00 Note: Attn: Megan Barnett A Business Friendly community March 2009 Issue AH -4ncI- A Late Charge of 1.5% Per Month will be Added to All Open Balances on the 31st Day After the Invoice Date Original Copy • For Your Records Page 1 of 1 TOTAL INVOICE AMOUNT 995.00 A Late Charge of 1.5% Per Month will be Added to All Open Balances on the 31st Day After the Invoice Date Original Copy • For Your Records Page 1 of 1 MONTICELLO TIMES 10917 VALLEY VIEW ROAD EDEN PRAIRIE MN 55344 (952) 392-6890 FaxJ763) 295-3080 Advertising Memo Bill CITY OF MONTICELLO AmobVa!g^_ ATTN: ACCOUNTS PAYABLE 505 WALNUT ST STE 1 Comments MONTICELLO MN 55362 L?A -.- 7o Ad ff; 901443 Payment j p M uo� T2 /Ru wm!� F MONTXCEILO Haar op Q 41— Erg )2/1213/09 901443 PH3-11708 BUS CRITERIA 1X 4.0 C 1 BARNETT G 4.00 55.20 55.20 55.20 MO 100 .00 .00 0 02/23/09 133 LEGAL, 133 CITY OF MONTICELLO AmobVa!g^_ ATTN: ACCOUNTS PAYABLE 505 WALNUT ST STE 1 Comments MONTICELLO MN 55362 L?A -.- 7o Ad ff; 901443 Payment j p ot xq m Haar op Q 41— )2/1213/09 901443 PH3-11708 BUS CRITERIA 1X 4.0 C 1 BARNETT G 4.00 55.20 55.20 55.20 MO 27 2000 ffl�wm all g M, -Aw l M MONTICELLO TIMES (952) 392-6890 UNAPPLIED AMOUNTS ARE INCLUDED IN TOTAL AMOUNT DUE -IUM lziwlMj:—..s m ._.+ r Haar op Q 41— 02/2009 133 133 CITY OF MONTICELLO MONTICELLO TIMES 10917 VALLEY VIEW ROAD EDEN PRAIRIE MN 55344 (952) 392 -6690 Fax(763) 295.3080 Advertising Memo BIII _ - .. c �. � .� . � .•�. >.. -.. .eve..., ...- .. CITY OF MONTICELLO Amou alp ATTN. ACCOUNTS PAYABLE 505 WALNUT ST STE 1 Comments: MONTICELLO MN 55362 Ad #: 903867 Please Return MONTICELLO TIMES (952) 392 -6890 * UNAPPLIED AMOUNTS ARE INCLUUEU IN TOTAL AMOUNT DUE 03/2009 1 133 1 133 CITY OF MONTICELLO _ - 3/12/09 903867 PH CC 3 -23 -09 BUS CRIT 1X 4.00 2 LEG MEGAN BARNETT 4.00 94.80 94.80 94.80 03/72,19 MTI /MO H R 2 0 2009' , i F^R 9r�a` ff'i^3i?'tJ. i 3.. Ylei. Y il+ PwSii= yF..Y,S1+ �,`i iabib ^%i .8'P 3a3a3S'.4„j' ZM: Y$ d Si' 3a"ta^e`5�ixw £viYiiP 5 k LC d `a3 $ k f Y`d ; �� i"GSEZi^x Na &"�§j$� fiR°bdPx£ � � � i QY9" Y M. . @dFRd9.y A `:a az FuP�ti�s` Yk{ _ 4� Iian'M §gfi�y �"��F2a''{eCVS4XSRi�'W.s - dab us"SK9 eat C-.¢ �. Rai 3- e& HI➢ Ica- �,$a`wm'SQ•.3SA ✓fSa .@II dR a (iii �� t� �`R�.� wri9��trYtli4�F� C&a;�y4RkljN�ta- YK'q^'k+ "°➢yaY` na F£i�SS 5} � ek q }b'Ep^:A mod: "a y��R �, �a�1CW��� R 3aj:� ��M�iil3��In�3��nL����� }'aQ`. y�5� ._ W.z �1 4. �Irs("jr J� %Y1(I'1£':]"1✓ {.P4�"` a3as£R3�a "�+`����� K�4 m� vvC''S.ka -%&�8 R�6x a°4 K ` ibh,YYYM%: 4 S`v eb �kb 'du a� WH iUkP��. 'F, Aaol K :3�L&aiR+` fffink"Y`SSi'SN`k5�'�j '3-: £°.WSa RES:'ti'°%L ASbI - 3`;yrY !6`af,Adcs<'3 wA"Piixd R 34 'vdNY.6 b°i �S %3bfd 'YS"2'it.5K' MONTICELLO TIMES (952) 392 -6890 * UNAPPLIED AMOUNTS ARE INCLUUEU IN TOTAL AMOUNT DUE 03/2009 1 133 1 133 CITY OF MONTICELLO EDA 5.11.09 6. CONSIDERATION AND APPROVAL OF REVISED EDA BYLAWS: A. REFERENCE AND BACKGROUND: At the April EDA meeting, staff and the EDA discussed changing the annual meeting date in order to facilitate better correlation between establishing the annual goals and work plan, establishing officers, and reviewing fund balances. The EDA directed staff to revise the bylaws reflecting a February Annual meeting with a follow up meeting in August to review the final fund balances. Staff revised the EDA Bylaws according to the direction received at the April meeting. While reviewing the current bylaws staff notices a few house keeping or minor clarification changes that could be revised at this time, The proposed changes are as follows: Executive Director: 1. The word secretary was changed to say "recorder." This will allow the EDA to appoint a secretary by a voting commissioner in the future if deemed appropriate. Special Meetings: 1. Included the ability for the "Executive Director" to call a special meeting Order.of Business: 1. Took out the specific order of the agenda. *in the event the EDA desires to change the format of the agenda. Staff is questioning the need to specifically state how the agenda needs to be ordered every month. 2. Included "order of business" as part of the Roberts' Rules of Order statement, which is not titled "Rules of Procedure ". It should be noted that staff did not go through the existing EDA Bylaws in great detail. Staff took a quick overview glance at the bylaws. hi order to accurately reflect current practices, staff is proposing the changes above. The proposed changes have been reviewed and approved by Kennedy & Graven. B. ATTACHMENTS: 1. Revised EDA Bylaws 1 C. STAFF RECOMMENDATION: Staff is recommending the EDA adopt the proposed revised EDA Bylaws. D. ALTERNATIVE ACTION: 1. Motion to adopt revised bylaws. 2. Motion to deny revised bylaws 3. Motion to table action. BYLAWS OF THE ECONOMIC DEVELOPMENT AUTHORITY ARTICLE I - THE AUTHORITY Section 1. Name of Authority. The name of the Authority shall be the "City of Monticello Economic Development Authority." Section 2. Office of Authority. The office of the Authority shall be at the City Hall in the City of Monticello, State of Minnesota, but the Authority may hold its meetings at such other place or places as it may designate by resolution. Section 3. Seal of Authority. The seal of the Authority shall be in the form of a circle and shall bear the name of the Authority and the year of its organization. Section 4. Establishment. The City of Monticello Economic Development Authority is established pursuant to Minnesota Statutes, Section 469.090 to 469.108, and adopted by Ordinance Amendment No. 172, Chapter 3, City of Monticello, Wright County, Minnesota. ARTICLE II - THE COMMISSIONERS Section 1. Appointment, Terms, Vacancies, Pay, and Removal. Shall be in accordance to the Monticello Ordinance Amendment No. 172, Chapter 3, Economic Development Authority, Section 2 -3 -1: Creation. ARTICLE III - THE OFFICERS Section 1. Officers. The Authority shall elect a president, a vice president, a treasurer, a secretary, and an assistant treasurer at the annual meeting. A commissioner must not serve as president and vice president at the same time. The other offices may be held by the same commissioner. The office of secretary and treasurer need not be held by a commissioner. Section 2. Duties and Powers. The officers have the usual duties and powers of their offices. They may be given other duties and powers by the Authority. Section 3. Treasurer's Duties. The treasurer: (1) shall receive and is responsible for Authority money; (2) is responsible for the acts of the assistant treasurer; (3) shall disburse Authority money by cheek ePA y; (4) shall keep an account of the source of all receipts and the nature, purpose, and authority of all disbursements; (5) shall file the Authority's detailed financial statement with its secretary at least once a year at times set by the Authority. (6) shall prepare and submit an annual report describing its activities and providing an accurate statement of its financial condition to the City of Monticello by no later than one month following the annual meeting of the Authority. Section 4. Assistant Treasurer. The assistant treasurer has the powers and duties of the treasurer if the treasurer is absent or disabled. Section 5. Public Money. Authority money is public money. ARTICLE IV - EXECUTIVE DIRECTOR The Economic Development Director shall be designated as Executive Director of the Authority. Section 1. Duties. The Executive Director shall have general supervision over the administration of its business and affairs subject to the direction of the Authority. As- seeretary; tThe Executive Director in his own name and title shall keep the records of the Authority, shall act as Seeretury recorder of the meetings of the Authority and record all votes, and shall keep record of the proceedings of the Authority in a journal of proceedings to be kept for such purpose, and shall perform all duties incident to the office. The Executive Director shall keep in sole custody the seal of the Authority and shall have power to affix such seal to all contracts and instruments authorized to be executed by the Authority. Any person appointed to fill the office of Executive Director, or any vacancy herein, shall have such terms as the Authority fixes, but no commissioner of the Authority shall be eligible to this offce serve as the Executive Director. ARTICLE V - MEETINGS Section 1. Regular Meetings. ^ � 1 hall b., h ld oral of . -Ate« eti ve at the reg-alaY meeting plae,. o f "e- A ` !l. 't 1. vAt4 T..e --.l.... ,.F .. __�____ « _ �_ _- ate._ »� �� �- ..���0 Y• ° -� ........ »........� ......w �Vi' rw; ,ua f) April r„1., ,.n Oetobe, Regular meetings shall be held on the 2"a ter, > Wednesday of each month. Section 2. Annual Meeting. The annual meeting of the Authority shall be held in conjunction with the regular April February meeting at the regular meeting place of the Authority. The August regular meeting shall include rural fund balances reviewed at the Annual Meeting. Section 3. Special Meetings. Special meetings of the Authority maybe called by the President, or two members of the Authority, or the Executive Director for the purpose of transacting any business designated in the call. All commissioners of the Authority shall be BYLAWS.EDA: 5/13/91 AMENDED: 5/22/01 AMENDED: 4/24107 AMENDED: 5/11/09 notified. Section 4. Quorum. At any meeting of the Authority, the presence of four commissioners shall constitute a quorum. If a quorum is not present at any meeting, those present shall have power to adjourn the meeting from time to time without notice other than announcement at such meeting until the requisite number of votes shall be present to constitute a quorum. At any such adjourned meeting at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally called. Any resolution, election, or other formal action of the Authority shall be adopted upon the affirmative vote of a majority of the Authority membership. Section 6. Rules of Procedure: Unless otherwise specified in the agreement or in these bylaws, all meetings of the Authority shall be conducted in accordance with Roberts' Rules of Order revised. Section 7. Manner of Voting. The voting on all questions coming before the Authority shall be by roll call, and the yeas and nays shall be entered upon the minutes of such meetings. ARTICLE VI - EMPLOYEES; SERVICES; SUPPLIES Section 1. Employees. Subject to limits set by the appropriations or other funds made available, the Authority may employ such staff, technicians, and experts as may be deemed proper and may incur such other expenses as may be necessary and proper for the conduct of its affairs. Section 2. Contract for Services. The Authority may contract for services of consultants, agents, public accountants, and other persons needed to perform its duties and exercise its powers. Section 3. Legal Services. The Authority may use the services of the city attorney or hire a general counsel for its legal needs. The city attorney or general counsel, as determined by the Authority, is its chief legal advisor. BYLAWS.EDA: 5/13/91 AMENDED: 5122/01 AMENDED: 4/24/07 Section 4. Supplies. The Authority may purchase the supplies and materials it needs to carry out Sections 469.090 to 469.108. Section 5. City Purchasing. An authority may use the facilities of its city's purchasing department in connection with construction work and to purchase equipment, supplies, or materials. Section 6. City Facilities, Services. A city may furnish offices, structures and space, and stenographic, clerical, engineering, or other assistance to its authority. Section 7. Delegation Power. The Authority may delegate to one or more of its agents or employees powers or duties as it may deem proper. ARTICLE VII - POWERS Section 1. Functions, Powers, and Duties. Shall be in accordance to the Monticello Ordinance Amendment No. 172, Chapter 3, Economic Development Authority, Section 2 -3 -4: Functions, Power, and Duties. Section 2. Limitations of Power. Shall be in accordance to the Monticello Ordinance Amendment No. 172, Chapter 3, Economic Development Authority, Section 2 -3 -5: Limitation of Power. ARTICLE VIII - AMENDMENTS Section 1. Amendment to Bylaws. The bylaws of the Authority shall be amended by a majority vote of the Authority membership a regular or special meeting. The amendments must be in written form. Section 2. In any instance where these bylaws are in conflict with the Ordinance Amendment No. 172, Chapter 3, Economic Development Authority, such Ordinance Amendment shall control. Section 3. These bylaws are effective upon their adoption by the Authority. Dated: 2009. Signed: President (Seal) Executive Director BYLAWS.EDA: 5/13191 AMENDED: 5/22/01 AMENDED: 4/24/07 EDA 5.11.09 7. REQUEST FROM JOHN CHADWICK TO PURCHASE 13.67 ACRES OF INDUSTRLAL LAND: A. REFERENCE AND BACKGROUND: Staff received a letter from John Chadwick requesting the City purchase 13.67 acres of industrial land he currently owns. The subject property is located immediately south of the city owned Monticello Business Center industrial park. Mr. Chadwick is proposing a cash sales price of $395,000 or a term price of $519,500. B. ATTACHMENTS: 1. Letter from John Chadwick 2. Plat Map C. STAFF RECOMMENDATION: The Finance Director and the Economic Development Director met with Mr. Chadwick to discuss his proposal a few months ago. Staff stated to Mr. Chadwick that both the IEDC and the EDA have had conversations regarding the need to evaluate whether or not the City should purchase additional industrial land. At this point in time the City, IEDC, and the EDA have not answered whether or not additional purchases is a high priority. Furthermore, staff has not been directed to actively negotiate industrial land purchases. Due to the nature of the economy and the reality that the City has 35 developable industrial acres still to sell, staff is recommending holding off on actively negotiating a purchase agreement with Mr. Chadwick at this time. Staff would recommend reviewing his request sometime in the fall. The EDA and City may desire to re- evaluate his request later in the year to see if any market conditions or "high priority" discussions have been resolved. D. BUDGET IMPACT: At this time staff has been unable to identify a funding source for the requested purchase. Staff could research this further if the EDA decides the 13.67 acres is critical to obtain at this time. D. ALTERNATIVE ACTION: 1. Motion to direct staff to actively negotiate a purchase agreement with Mr. Chadwick and research a viable funding source. 2. Motion to direct staff to revisit Mr. Chadwick's request in the fall of 2009. 3. Motion to table action. 2 J. EDWIN CHADWICK, LLC Land and Farms Ms. Megan Barnett Mr. Tom Kelly City of Monticello 505 Walnut Street Suite 1 Monticello, MN 55362 -8831 Cc Clint Herbst, Mayor 11430 Zion Grde Blame ingmn, W.mne ara 55537 Office (952) 553 -2473 FAX (952) 556 -0492 We have all been working hard and have a hundred things to do each day. We are all working to make Monticello a better place and there are a number of good things in place. In that vein, it makes sense to further the discussion of the land for the Monticello Business Park. We have the 13.67 acre Outlot F (see tax statement enclosed) that is adjacent to your Business Park. It is right next to what you own and has frontage on 90(h Street. It could be developed with just a driveway off of 90t", the utilities are to the north within your Business Park and the additional flow generated would be good for the lift station. I would propose either of the following plans which would be an amendment to the current contract between us. Cash price: $395,000 or about 66 cents psf. closing September, 1, 2009 The City would take title immediately. Terms price: $519,500 or about 87 cents psf. closing September 1, this is the county assessed value. No cash would be due until December 1, 2009, Interest would accrue from September 1, 2009. That is a 24% discount for cash, and our team can make strategic investments to make up that $124,500.00 difference. The market has some opportunities and by working together we can each capture some of those. The terms program would be equal principal payments over five (5) years with annual interest at the same 6 %: Additionally, the current contract would be modified to provide the same ongoing $100,000.00 principal payments, plus accrued interest each December, 2009. The balloon if any will be due in December 2013. Please call with questions. Have a great day. Chadwick \h N r a — _ l' a 7 ell Jam_ N { N r a — _ l' a 7 ell X t iJ �o F Oxp (un.zr / � '9ts4 /j/ .. WN y !➢ Z �.� \f Y1 ily.�a�CS�jA. niYy / l' I g/l / Jam_ N { Iz I yj 3.15 X t iJ �o F Oxp (un.zr / � '9ts4 /j/ .. WN y !➢ Z �.� \f Y1 ily.�a�CS�jA. niYy / l' I g/l / 8. MARKETING: A. REFERENCE AND BACKGROUND: Commercial Broker Breakfast: Staff has been diligently working on putting together a commercial broker breakfast meeting for June. The original date was set for Wednesday June 3, 2009. However, the City Administrator is not available this date. Therefore staff is proposing to move the event to Wednesday, June 10, 2009. Crostini Grille worked with staff on a budget friendly breakfast menu. A bus is in the process of being obtained in order to provide interested brokers a tour of the City. It is staff's hope to send out invitations the week of May 18, 2009. Industry Network Event: Staff is in the process of locating a conference facility to host an industry network meeting. Staff was directed to research the ability to host this event at one of the City's industrial businesses. Staff is also meeting with the Chamber Hospitality Committee to hopefully create a budget friendly breakfast menu. It is anticipated this event will be held in July or August. A specific date will be decided once a location and catering venue has been chosen. Nelson Realty: See attached memo from Andy Larson. General Marketing: Staff and Nelson realty will be participating in the Monticello Chamber golf tournament on May 21, 2009. B. ALTERNATIVE ACTION: No action is required at this time. 9. Report from Executive Director. General: 1. St. Cloud students presented the needs assessment & resource map research project on Tuesday, April 28, 2009. Attached is the power point presentation. The Higher Education Committee is meeting on Friday, May 15, 2009 to review the information and decide how to proceed. 2. The revised Sign Ordinance was adopted by the City Council at their April 27, 2009 meeting. 4. Zoning Code Rewrite: Staff anticipates interviewing three consulting firms at the regular Planning Commission meeting in June. 5. City/EDA owned property: The EDA directed staff to provide the EDA a map of City & EDA owned land. Attached is a map with requested info. Staff went through a process to select five City /EDA owned properties to consider whether it is best to continue to hold the properties in anticipation of either a future "city" use or hold onto the property in anticipation of better opportunities for future development. The other option to consider is listing properties with a broker /realtor at this time and actively marketing for immediate sale. In viewing the length of the May EDA agenda, Staff placed this information as part of a Director Update instead of a regular agenda item. However, time permitting staff would like to discuss the map and correlating property information with the EDA. The EDA will be asked to provide a recommendation to the City Council regarding the short and long term objectives for these individual parcels. Staff will place this on the regular June agenda in the event the EDA is not able to discuss at the May meeting. IEDC: The IEDC adopted a resolution supporting FiberNet Monticello's efforts to apply for a federal grant to assist in funding a fiber to every address project. See attached agenda. Business Retention: The Spring Business Insider newsletter was distributed the last week in April. Staff is in the process of putting together two business events. The potential event in the summer will have more of a industry focus. The fall event is anticipated to be held at River City Extreme. Every business within the City will be invited to attend for some bowling, City interaction, and brief updates. A potential leadership team is meeting on Thursday, May 7, 2009 to possibly initiate a Business Expansion & Retention program in partnership with the University of Minnesota. Business Initiative: Nelson Realty and City staff are in the process of coordinating a Commercial Broker Breakfast to be hosted hopefully on Junel0, 2009. Housing Initiatives: Wright County Community Action held personal & confidential foreclosure prevention sessions on Saturday, May 2, 2009 and Wednesday, May 6, 2009. The individual sessions were well attended and hopefully these outreach measures will result in fewer foreclosures within the City. The NSP grant informational meeting will be held on Thursday, May 14, 2009 from 8:30 — 10:00am. See attached invitation. Future Agenda Items: The next EDA meeting will be Wednesday, June 10, 2009. Upcoming agenda topics (not necessary on the next agenda) will include: l.Transformation Loan 2. Consideration to review Development Agreement /Private Contact administrative costs and fees /deposits 3. TIF Analysis & Management Plan follow up 4. City /EDA owned property discussion 2 : Introductio Survey and esowces aject Str( Recommen Bioscience study Opportunity to offer post -secondary education Higher Education Committee formed Is there a need? What educational opportunities currently exist In the Monticello area? Conduct a survey of 75 businesses in Monticello ar4d the surrounding area Perform a needs assessment Resource map of training options Began conducting surveys• .. - 25, 2009 Each team member made at least 100 contact points Ondine survey was emailed to local businesses through the Monticello Chamber of Commerce on March 26, 2009 ? JJ'�b Ce,np sed of six questions Developed by the higher Education Con—Ittee °�auta'd.'z'i` r�ra'n"fanb aa"aro 'et�.a'' �+ai"fl3i'e asp aeea a �`t tam�a°yn tai�e'�°t'�e'wrta °hh.... ¢as�trdnp If yes, what fypa of baintno or educat+onaldlasses do they 4ttt,o7 Wy — do your empioyces Currently obtain this type of tra-nmg ar edu u-1 Are{here eny eth�er types or .,eimnp of classes coat You tnmk woeb ba benc i f., yGYif er SDloyees"[E o—w it:,Yes, wont "Ype Of. x ....d [w most Oenahragi �.. ..•�ain9 • o o�ta. mm�lr ate. 'ri ev min. �3i d _f JaK did S-. f a Pf 1�l iti or off pp uc d a sl t48f8wsbCEea5tGllmClovoof a [h 'Fi J iJ J Data was coifected from 55 companies i 57% Manufacturing Z6% Service Industries 6210% of respondents require additional training for employees 389/'o do not provide additional training Two categories of training Hard Skill Professional competence of employee Skills pertain to current position Example, welding Soft Skill Social competence of an employee Example, customer service 10% described their currently offered training as to industry specific Training Businesses currently provide 17 provide employees with in-house training Online classes Vendor Training Comm, unity Education National Seminars Special Associations Employer Association Minnesota Society of Certified Public Accountants Colleges Saint Cloud Technical College Saint Cloud State University University of Minnesota Saint Thomas Saint Catherine's Community Colleges North Hennepin Anoka Ramsey Additional Trainirrg 45% of business see a need 551% do not see a need Areas that would be most beneficial sw 17% A 18% need computer skill training 17% management ent and leadership training 15% mechanical training Woodworking Blue Print Reading Welding Lean Manufacturing lia—aciz Other Areas Customer Service Communication More common that new employees do not have adequate communication due to technology Business Function Sales Marketing Future Needs Many different responses Technology OSHA Internal policies and procedures Customized, culinary training - Aods; Assessment Resource map for directing area businesses to training options Training options within the area Specialized training Onsite training Online training On campus We found four sources of training that could be of vatue to the Monticello Area Businesses Customized Training Degree Producing Programs Executive Training Small Business Training Customized Training MNSCU Custom Tailored Available onsite, online, or on campus Anoka -Ramsey Community College Wright Technical Center Degree Producing Programs Offer MBA programs Maple Grove MBA through SCSU Areas of emphasis include: Operations Management Management Support Systems Corporate Strategies Global Business Seminar ori010 a'0&S Executive Training Anderson Center Nearly 100 case studies, technical notes, videos and articles Seven Forums Emerging companies Owner -President Succession Strategies Governance Discussion Leadership Managers Foundation Series Email Business Training Available through SCSU's Center for Continuing Studies Kauffman Foundation curriculum Fastxrac Program Growth Venture Program Strengths Land, modern community center, parks and services Higher Education Committee 45% of the business need additional training Weaknesses Response rate Economy MNSCU budget cuts Maintain and develop relationships with all the education resources in the area Promote various training opportunities through the Chamber and Community Education Promote Anoka -Ramsey Community College's 2 - year associate degree program coming to Monticello To Brokers and Lenders The cities of Monticello, Otsego, Buffalo, Isanti and Zimmerman have received federal funding as part of the Neighborhood Stabilization Program (NSP). The funds will stimulate activity in neighborhoods with concentrations of foreclosed homes in order to stabilize neighborhoods and stem the decline in value of neighboring homes. Please join us at one of the following sessions to learn more so you can assist buyers and help strengthen the local market. • Thursday, May 14,8:30-10:00 a.m. Monticello Community Center Bridge Room 505 Walnut St, Monticello • Thursday, May 21, 9:00 -10:30 a.m. Isami City Hall Council Chambers 110 1 st Ave NW, Isand Topics covered: Overview of Neighborhood Stabilization Program Targeted neighborhoods in Monticello, Otsego, Buffalo, Isanti and Zimmerman Program approaches in each community (i.e. down payment assistance, rehabilitation loans) Important to know - appraisals, community contacts Please register for only one session. The same material will be presented at both sessions. There is no cost but space is limited, please register in advance. Contact Lenee at Central MN Housing Partnership 320 - 259 -0393 or at Lenee @cmhp.net AGENDA MONTICELLO INDUSTRIAL & ECONOMIC DEVELOPMENT COMMITTEE Tuesday, May 5, 2009 7:00 a.m., S. Mississippi Room IEDC Mission Statement: To increase the tax base and the number of liveable wage -level jobs in Monticello by promoting industrial and economic growth and working to maintain a desirable business environment. MEMBERS: Chair Lynne Dahl - Fleming, Vice Chair Don Roberts, Bill Tapper, Dick Van Allen, Don Roberts, Dan Olson, Zona Gutzwiller, Patrick Thompson, Rich Harris, Wayne Elam, Marshall Smith, Charlotte Gabler, Elaine DeWenter LIASIONS: Sandy Suchy, Chamber Clint Herbst, Mayor Glen Posusta, City Council 1. Call to Order 2. a. Approve March 3, 2009 minutes b. Note April 7, 2009 meeting notes (no quorum was present therefore approval is not required) 3. Economic Development Director Update 4. Reports: a. City Council b. Chamber 5. Discussion regarding future IEDC agenda items: 6. FiberNet presentation (7:30am) a. Request to adopt a resolution supporting the expanded broadband project 7. IEDC Plam ng Groups (Time permitting. It is anticipated that due to the FiberNet presentation any planning group meetings) a. Transportation b. Business Retention/Communication c. Land Use Planning Adjournment. (8:30am) spa. Economic Development Director Updates: a. General: 1. Sign Ordinance: The City Council adopted the revised sign ordinance at their April 27, 2009 meeting. 2. City Council: It is anticipated that the City Council will review River Street closing pilot project at the May 25th regular meeting. Staff also anticipates bringing the Transportation Plan to the City Council at the end of May after the requested regional meeting has been held. The City Council authorized staff to apply for Federal High Priority Project funding. The required application must be submitted to Congresswoman Bachmann's office by Thursday, April 30, 2009. The application will request funding for two projects in Monticello: 1. Intersection and corridor improvements along TH 25 between I -94 and Mississippi River 2. River crossing study. The City Council and the EDA approved revised Business Subsidy criteria in early April. Staff will continue to promote and inform the business community regarding these opportunities. 3. EDA: Rusty Fifield from Northland Securities presented the results from the TIF Analysis and Management Plan study at the April 7, 2009 FDA meeting. Due to a conflict in scheduling the Board of Reviews and the EDA meeting, the City Council was not able to attend. Therefore staff is working on scheduling a second presentation by Rusty Fifield sometime in May. Staff will email the IEDC members in the event anyone is interested in attending. The study is also posted on -line: City Government /EDA/Agendas /April 7, 2009 workshop. 4. Planning Commission: The Planning Commission will be reviewing RFP's to complete a rewrite of City Code. 5. Neighborhood Stabilization Program Grant (NSP): Staff was required to attended mandatory state training in April in order for the City to distribute funds awarded through the NSP grant. Central MN Housing Partnership (CMHP) will be hosting an educational in take training for local lenders, realtors, and possibly builders /developers on Thursday, May 14, 2009 at 8:30am. Staff anticipates signing the final contract with Minnesota Housing Finance Agency by mid May and being able to actively market the program after the "educational in- take" meeting occurs on May 14'h. 6. Earth Day: Thank you to Cargill Kitchen Solutions for helping keep Monticello clean. Employees from Cargill volunteered to pick -up trash and debris along various ditches and surrounding ponds within the City. See Business Insider for pictures. b. Committees: 1. Higher Education Committee: SCSU students presented their Higher Education needs assessment & resource map research project to the Higher Education Committee on Tuesday, April 28, 2009. The students did a nice job presenting their results. Their findings will allow the Higher Ed Committee to identify short term and long term goals /work plan. Attached is the power point presentation. A follow up meeting with the Higher Education Committee will be held the week of MaylIth. 2. Downtown Association: City Staff, Mayor Herbst, and the Monticello Downtown Association meet on April 20, 2009. Great discussion and communication ensued regarding the desires of the Downtown Association. Staff looks forward to working with this group to help generate excitement and activity within downtown. c. Business Communications: 1. Business Newsletter: The Spring 2009 Business Insider was distributed to the business community the week of April 27, 2009. 2. The Commercial Broker Breakfast has been set for Wednesday June 3, 2009 at 8:OOam. This is a very exciting event that is in the process of being coordinated. We will be inviting key commercial brokers and realtors, serving a light breakfast, showcasing Monticello in a very fun and vibrant manner, and possibly providing a guided tour. 3. Business Retention & Expansion Program: The IEDC Business Communication Group direct staff to obtain additional information regarding the University of Minnesota Extension Program's Business Retention and Expansion Program. Staff met with Claudia Cody from the University of Minnesota Extension Services to discuss launching this program in Monticello. A leadership team is in the process of being formed. Once this is completed and funding sources are identified, staff will be providing detailed information and requesting the IEDC approve a resolution supporting the program. It should be noted that staff anticipates the IEDC will serve as the larger Taskforce overseeing the Business Retention & Expansion program for the entire duration (i.e. 1- 2 year project). d. Future Meeting Dates: 1. Next Meeting: Tuesday, June 2, 2009 IEDC 5.5.09