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EDA Agenda 10-10-2012EDA MEETING Wednesday, October 10th, 2012 6:00 p.m. Mississippi Room - 505 Walnut Street, Monticello, MN Commissioners: President Bill Demeules, Vice President Bill Tapper, Treasurer Tracy Hinz, Matt Frie, Rod Dragsten and Council members Tom Perrault and Brian Stumpf Staff. Executive Director Jeff O'Neill, Wayne Oberg and Angela Schumann 1. Call to Order. 2. Approve Meeting Minutes: a. September 12th, 2012 Regular Meeting Minutes (To be provided) 3. Consideration of approving payment of bills. 4. Consideration of additional agenda items. 5. Consideration of an update on TIF 1 -22 Knockdown Analysis. 6. Consideration to approve Resolution 2012 -88, a Resolution Ratifying Modification to the Tax Increment Financing Plan for Tax Increment Financing District No. 1 -5. 7. Consideration of an update regarding TIF Housing District Increment. 8. Consideration to review and approve the EDA General Fund budget for 2013. 9. Director Report. 10. Adjourn. EDA Agenda - 10/10/12 3. Consideration of approving payment of bills. (AS) A. REFERENCE AND BACKGROUND Included are the previous month's invoices for approval of payment. B. ALTERNATIVE ACTIONS 1. Motion to approve payment of bills for October 10th, 2012. 2. Motion to deny payment of bills for October 10th, 2012. 3. Motion of other. C. STAFF RECOMMENDATION City staff recommends approval of payment for submitted invoices. D. SUPPORTING DATA A. October 10, 2012 Invoices 0 �o . N f ry J d ly N �Q � o 0 z 0 O d _O +l V .Q V a+ R A A O C4 �L ti A t C � I w E O z A O V O O I 6 O � O m V O O N N O O N N N rn rn 0 0 R w .a /I w ra C/I m Id 0 � m 3 3 00 w w 4 Q Q V U W W � Q F F a rn N N -T V N N 0 O O 0 m M N b C 7 w 4: 0 ri] 0 O O O m A F C Q. ti N Cl O Q .n C F ry N a N o � o • U U � b U L 0 z 0 O d _O +l V .Q V a+ R A A O C4 �L ti A t C � I w E O z A O V O O I 6 O � O m V O O N N O O N N N rn rn 0 0 R w .a /I w ra C/I m Id 0 � m 3 3 00 w w 4 Q Q V U W W � Q F F a rn N N -T V N N 0 O O 0 m M N b C 7 w 4: 0 ri] 0 O O O m A F C Q. ti N Cl O Q .n C F Occupancy (Days) 11589 ❑ 90 -179 ®180 Pa ee s : Tawhnee Arcbembault Dist. S. P. C.S. I � I Minnesota Department of Transportation v.2008101 MOVING COSTS r liar' 1 3 2012 " *Important: Submit Promptly After Move " ® Residence ❑ Ad. Device []Government © Other 'PP ~ ' + , ❑ Business ❑ Farm ❑ Non - Profit ❑Advance ❑Partial ®Final Parcel Submitted Amount $ 1,30( District Approval: Agency Approval: Job No. Date Application Approved: Fed No. County Wright Vendor No.: Acquisition: ❑ Pending © Accepted ❑ Em. Domain Attn. Finance: Parcel Owner: Mall Check To: Wilson Development Services (Name or caption) Monticello Economic and Development Authority Addressee(s): Attn: Leah Traxler Parcel Addr.: 112 East Broadway #1 Mailing Addr.: 510 N. Chestnut Street, Suite 200 State Zip: Monticello, MN 55362 City, State Displacee Facility Name Name(s): Tawhnee Archambault and/or Type: Occupancy Date: ❑ Owner IN Tenant Street Address: Eligibility Date: 4113112 Acquisition Date: (Notice Of tnterd or Purchase Offer) (It determined, else "Pending') City, State Zip: Date(s) of the Move. Begin: 8131112 End: 8131112. _ 1 Name of Mover(s): _NIA FOR OFFICAL USE ONLY MOVING COSTS M Residential Schedule Basis n Receipt's /Actual Cost ❑ Non - Residential Bid /Estimate am& rope Of Dwelling Residential Schedule Room Counts Residential Moving Costs by Schedule: ............. $ 1,300 ® Apartment Dwelling Rooms ................. 5. Residential Moving Costs by Actual Cost:.......... $ ❑ House Basement Count ................. Non - Residential Moving Costs by Actual Cost:.. $ ❑ Other Garage Count ..................... Non- Residential Moving Costs by Bid/Estimate: $ ® Furnished by Occpt Other Count ........................ Non -Res. Searching Expenses (Max. $2,500):...,. $ ❑ Furnished by Others Total Room Count ............. 5 TOTAL MOVING COSTS CLAIMED :................ $ 1,300 Displacee Residency Certification: I attest under penalty of perjury, that, as applicable: 1) myself and my family are lawful citizens of, or aliens lawfully admitted for residence in, the United States; OR 2) myself and /or members of this partnership, association or corporation are lawful citizens of, or aliens lawfully admitted for residency and authorized to conduct business in, the United States. Claimant Acknowledgement: I, the undersigned, do hereby certify that the above information is true and correct, and that any receipts or statements attached hereto accurately represent the expenses incurred. I further certify that I have not submitted any other claim for reimbursement of, or received payment for, any expense submitted with this claim. OFFICtALU$EONLY: (Cwvnents) I Authorized I Signature: Name (print): Telephone: 4 i Fed Tax I. D. or Sac. Sec. No.: _ MN State Tax I.D. No.: Date: See Over for Instructions and Personal Property Acknowledgment Moving Costs Page 1 of 2 RL1032 9/12/2012 n wow*" r 7"YA n wbwuise- at f ol - -. -:a'- 04 Ann Zimmerman From: Angie McIntire Sent: Thursday, September 13, 2012 8:05 AM To: Ann Zimmerman Subject: FW: 112 Broadway #1 move claim I will be sending the email with the actual attachment next. But here is the ok to pay it. From: Angela Schumann Sent: Wednesday, September 12, 2012 1:59 PM To: Angie McIntire Subject: FW: 112 Broadway #1 move claim Angela Schumann, AiCP Community Development Director City of Monticello www.ci.monticello.rnn.us 763- 271 -3224 This email sent by Monticello FiberNet internet, at 100 mbps speed! From: Jeff O'Neill Sent: Wednesday, September 12, 2012 1:58 PM To: Angela Schumann Subject: RE: 112 Broadway #1 move claim If its OK with Dan Wilson, its OK with me. Jeff O'Neill City Administrator City of Monticello, Minnesota 763 - 271 -3215 This email sent by Monticello FiberNet internet, at 100 mb speed! From: Angela Schumann Sent: Wednesday, September 12, 2012 1:53 PM To: Jeff O'Neill Subject: FW: 112 Broadway #1 move claim Please review for OK to pay Angela Schumann, AICP Community Development Director City of Monticello www. ci.monticello.rnn.us 763- 271 -3224 This email sent by Monticello FiberNet internet, at 100 mbps speed! From: Angie McIntire Sent: Wednesday, September 12, 2012 1:48 PM To: Angela Schumann Subject: FW: 112 Broadway #1 move claim Angela, OK to issue these checks? From: Leah Traxler [ mailto: Lea hCapwilsondevelopmentservices .coml Sent: Wednesday, September 12, 2012 1:45 PM To: Angie McIntire Subject: 112 Broadway #1 move claim Angie, Attached is a signed copy of a move claim for Tawhnee Archambault who lives in building 112 apartment #1 in the amount of $1,30© She took a picture of it on her phone and emailed it to me. I also sent the original form for your reference. • Tenant received a notice of relocation eligibility on 411312012. • Monticello EDA purchased the Broadway Plaza building at the intersection of Highway 25 and Broadway from Montgomery Farms on 5/15/2012. • Tenant received a 90 Day Notice to Vacate May 29, 2012 • This is a residential moving cost by schedule (fixed move claim) • This tenant is eligible for relocation expenses under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. Ms. Archambault states that she has removed all of her personal property from the building but has moved 2 couches to the yard area for disposal. Ms. Archambault says that the cost of disposal for the couches will be a hardship for her. I am requesting that the City issue 2 checks in the amount of $650 and having Ms. Archambault pick up her advance move check ($650) to have the funds to dispose of the couch. After the couches have been moved I will meet with Ms. Archambault on site to complete a walk through, collect her keys and release the final move check in the amount of $650. I still have the keys for apartment #2. Unless the city needs them I'll hang on to them and send them in with apartment # 1 keys. I know that you spoke with Dan earlier today so I'm not expecting an immediate response and wait to hear from you Thank you, Lea/ 0 ww" L Leah Traxler Wilson Development Services LLC 952448 -4630 Ann Zimmerman From: Angie McIntire Sent: Thursday, September 13, 2012 8:07 AM To: Ann Zimmerman Subject: FW: 112 Broadway #1 move claim Attachments: Archambault move claim.pdf Here is the request for payment. It is for two checks for $650 each. Please issue when you can — maybe today or tomorrow, if possible_ Thanks! From: Leah Traxler f mailto : Leah ' &jwilsondevelWmentservic m Sent: Wednesday, September 12, 2012 1:45 PM To: Angie McIntire Subject: 112 Broadway #1 move claim Angie, Attached is a signed copy of a move claim for Tawhnee Archambault who lives in building 112 apartment #I in the amount of $1,300. She took a picture of it on her phone and emailed it to me. I also sent the original form for your reference. • Tenant received a notice of relocation eligibility on 4113/2012. • Monticello EDA purchased the Broadway Plaza building at the intersection of Highway 25 and Broadway from Montgomery Farms on 511512012. • Tenant received a 90 Day Notice to Vacate May 29, 2012 • This is a residential moving cost by schedule (fixed move claim) • This tenant is eligible for relocation expenses under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. Ms. Archambault states that she has removed all of her personal property from the building but has moved 2 couches to the yard area for disposal. Ms. Archambault says that the cost of disposal for the couches will be a hardship for her. I am requesting that the City issue 2 checks in the amount of $650 and having Ms. Archambault pick up her advance move check ($650) to have the funds to dispose of the couch. After the couches have been moved I will meet with Ms. Archambault on site to complete a walk through, collect her keys and release the final move check in the amount of $650. I still have the keys for apartment #2. Unless the city needs them I'll hang on to them and send them in with apartment #1 keys. I know that you spoke with Dan earlier today so I'm not expecting an immediate response and wait to hear from you Thank you, Leak *WdQmN Leah Traxler 0 O A� O A O b � O N m i .ti N N � � i C14 o o °O P-i � y �o k 4--1 0 jp�yy O ��y N i- �g n CO: `kq A pM O O ono n O V�'1 O O b � O N m i .ti N N � � i C14 o o °O P-i �o �o k 4--1 0 O N i- �g n CO: m w C14 00 �o N N n O O ono n O V�'1 O O O O O O O M M N N N N N N N N p O N O O N N N O N fy 0 0 N N N 0 0 N N N N N N w O A A A A A IM w w `� p A N ~ 07 a a 00 U U 93 Fy Fi F join Fi Fi Fi P- W W O N O N .-a O N O a T ani C o(71�+ ID c(71i � N N cal N N O h h Ln M V't vNi "47a N N N N 04 N N O Zi d M �i V� Sys 0 F-� P4 q A u as A w 0 b q m 0 N r-i N r G c4 U 9 O I M NI 0 `��•.�`��+ t'�� ?`.do-} IWr/tiAGTE MAIMLAAGEIIa'ICINT DIRECT INQUIRIES ONLY TO: Waste Management of W[-MN W132 N10467 Grant Drive Germantown, WI 53022 1- 886 - 960.0006 Customer Service Hours: Mon -Fri 7am -6pm CST WMEservice @wm.com INVOICE Customer: Account Number: Invoice Date: Invoice Number: Due Date; WM ex,Pay Account JD, I]aacrl tticn Previous Balance 302.87 Total Credits and Adjustments 0,00 Total Payments Received 302.87 - Total Current Chargor3 306.81 Total Amount Due 306,81 Total Amount Past Due 0.00 !. "r. ..Miami :I :�i �� , }i��'I . : �.':; r,t.io �4� `.in� ��: •1t'�t�:d `5. ..r �'� a'�} Description Amount _ Commerclai 306.81 Total Current Charges 306.89 If foil payment of -the Invoiced amount is not received within 30 days of the Invoice date, you will be oharged a montlAy late fee of 1,5% of the unpaid amount, with a minimum monthly charge of $5.00, or such lesser late fee allowed under appliceble law, regulation or contract. For each returned chook, a fee will be assessed on your neod killing equal to the maximum amount permitted by applioable state law. Page 1 of 3 MONTICELLO E.DA 693- 0323511 - 1593 -9 08!0112012 6269277 -1593-0 Due Upon Receipt 00010 - 92640 -33006 Total Current Charges 7F�Tojtal Amount Due )6.81 Please pay total amount due. Thank you for your business. IF PAYING qY CHECK, MAIL To P0 Box BELOW WITH PAYMENT COUPON TO AVOID POSTING DELAYS AND SERVICE INTERRUPTION$, This Invoice reflects payrnenls reoalved as of (W21I2012. i �-. it •' J'•� "x,rli #, � .l 1 AUG 27 2012 Want to pay this bill on4ne7 Visit www.wm.00m and oiick on My Account to make a convenient, secure payment. �, • :1 . :�� ; �- -,� '.� ;:�, i� ''4 :;;, - °el'• :�ri;�,:., � '•I:u'�. A�;.�ir'4 „:r: ?�1 +: f. i 30G.81 0.00 0.00 0.00 O.t]0 Y 305.81 00046U601 00.350 "•AURD 707734 55362.5!327.0] •C01•PN610 -1 IUSDOC35 irllrlll��lilrlll�lr�l, lrr. l�ll��` l��llll�l]��rlllllllll�ll�l +lrl 1rrlll1lllllr11I111111 Ill 1111111rlllu1rll ill lllil� r�'[IrE��IiIII WASTE MANAQP-MENT OF WJ-MN MONTICELLO EDA PO BOX 4648 505 WALNUT ST STE 1{ CAROL STREAM IL 60197 -4648 MONT11CIELL0 MN 56882.8822 From everyday collection to environmental protection, Think Green.' Think Waste Management. rsa�todrNner. FOR CHANGE OF ADDRESS DR ANY SERVICE ISSUES CONTACT NUMBER ON PAGE 1 Payment Coupon 'Q.. ti' Pay your WM bill online at Please delwh and send wlfh phooks o (no cash). Gt13,032aS11- 16tH -9 w ww.wm.eom° To pay N vieA�r V4 WANAORErvl6r6V Please send all othergAm onduJlCO to mor focal WM site: phone, call 869 -Q64-2728. DIRECT INQUIRIES ONLY TD; F..a -. Wash Management of WI-MN W132 N10487 Grant Drive 0810112012 82692774693 -0 Germantown, W1 53022 - 1.888- 960 -001)8 Customer Servion �. l,A. : if7:ti" :� t J r: s} Hours: Mon -Fd 7am -5prn CST WMEsarvioaGwm.cwn Upon Receipt 546.81 p Pt Laarn how we Think Greer at ,1W" m n.comfthinkgreen 15935930323511062b92770000009068100000030681 3 00046U601 00.350 "•AURD 707734 55362.5!327.0] •C01•PN610 -1 IUSDOC35 irllrlll��lilrlll�lr�l, lrr. l�ll��` l��llll�l]��rlllllllll�ll�l +lrl 1rrlll1lllllr11I111111 Ill 1111111rlllu1rll ill lllil� r�'[IrE��IiIII WASTE MANAQP-MENT OF WJ-MN MONTICELLO EDA PO BOX 4648 505 WALNUT ST STE 1{ CAROL STREAM IL 60197 -4648 MONT11CIELL0 MN 56882.8822 From everyday collection to environmental protection, Think Green.' Think Waste Management. rsa�todrNner. FOR CHANGE OF ADDRESS DR ANY SERVICE ISSUES CONTACT NUMBER ON PAGE 1 N� /R _L. �li ��s;• i WAST19 MANAGEMENT DIRECT INQUIRIES ONLY TO: Waste Management of WI -MN W132 N10487 Grant Drive Germantown, WI 53422 Customer, Account Number: Invoice Date: Invoice dumber: Clue Date: WM ezPay Account ID: Page 3-of 3 MONTICELLO EDA 593 - 0323511- 1593 -9 09/01/2012 6269277 - 1593 -0 Due -Upon Receipt 00010 - 92640 -33046 Date Tloket Description Quantity Ulm Rate Amount 08/01/12 A Yd fol 1.00 197.10 08/01112 Fuellenvironmental charge 61.13 08/01/12 Administrative Fee 4.00 09/01112 Mn state solid waste tax 179 44,58 Total Current Charges 3W84 Total Payments Deceived 302.87- From everyday collection Co environmental profectfort,Tltinle Green° Think'Waste Management. rreWreappar. FOR CHANGE OP ADDRESS OR ANY SERVICE ISSUES CONTACT M MGER ON PAGE 1 AmeriPrlde" ervjcgg 6500 Sau view Drive INVOICE Page I of I St. Cloud, MN 56303 -0804 Customer Nuinbert 220625800 Account Type. Charge Ph; (320) 261.2525 Fxt (320) 253 -7904 Invoice Number; 2200262098 Email: acctrec22@amer1pride,com Invoice Date.- 06127/2012 Routet 12 GARY STEIL Service., E4W - WE Deliver To; Bill Tot CITY OF MONTICELLO CITY OF MONTICELLO DELIVERY ACCOUNTS PAYABLE 202 PINS ST BROADWAY PLAZA 505 WALNUT STREET STS 1 MONTICELLO, MN 55362 MONTICELLO, MN 55362 ... . . ............ - - - - -- --- - - - - -- - -- --- - - - - -- ----- - - - - -• --------------------------- ------------------------ Y AHOUT OUFULL LINE OF RESTROOM SERVICES , ; Bank Del Qty Line Type Rena Description Locker Bmp Dame snip # Inv Bill Qty Total Sales BATCCEL AF DISP BATTERY SFD 0,0bT EVEXC Rent CDENDWD ROLL TOWEL CABINE 2 2 2.04T 6 Rent CT40WHT ROLL TOWEL WHITE 20 7 27.68T Sales D141012 TORK ROLL BATH TISSU O.00T EVEXC Rent D209305 DISPT T SCA 2 2 0.11T BVBXC Runt DISPARL DISPENSER AIR 'FRESH 2 2 24.36T 2 Sales GSCNMAN GRNISCENT MANGO A 2 O.00T BVSXC Rent MN30HNY MAT 3X10 HONB'YCOM I 1 16.96T Finance charge - Ananoe charge 1 2,33 Ser Chg 22SP08 SERVICE CHARGE 8.95T Sabtntai 82.43 Tax 6.875 % 5.5111 signature Total Due; USD 87.94 lnitiala QVS DEL THRU PIZZA FACTORY CLOSET Balance as of 06/.2712012 Current 1-30 31-6.0 Over 6U 85.61 87.94 0.00 f . . AUG -8 2012 Please Remit Payment to a AmeriPride Services, P.O. Box 3100, Bemidji, NIN, 56619 -3100 within 27 days. 'thank you for your business I `I Servicesldfw" 6500 Snukvie'w Drive INVOICE Pago t or St. Cloud, MN 56303 -0804 Customer Dumber, 220625800 Sales Account Type: Charge Flit: (320) 251 -2525 Fx: (320) 253 -7904 Invoice Number: 2200272207 Email: aoctreo22@nmoripride.com IJivoiceDatc:07125/2012 EVEXC Route: 12 GARY STEIL CDENDWD ROLL TOWEL CAEINE Service: I34W - WE Deliver To: Bill To: CITY OF MON77CELLD CITY OF MONTICELLO DELIVERY ACCOUNTS PAYABLE 202 PINE ST BROADWAY PLAZA 27.68T 505 WALNUT STREET STI3 1 MONTICELLO, MN 55362 MONTICELLO, MN 55362 ---------------------- ....---------------------------------------------------------------------------------------------------------- ASI� YOUR CSR ABOUT OUR PULL LINE OF RLSTROOM SERVICES L----------------------------------------------------------------------------- - - - - -- ......... --------------------------- Bank/ ' Del Qty Line Type Item Description Locker Emp Name Emp # Inv Bill Qty Total Sales DATCCEL AP DISP 13ATTERY SFD 0.067 EVEXC Rent CDENDWD ROLL TOWEL CAEINE 2 2 2.04T Rent CT40WHT ROLLTOWI3L WHITE 20 7 27.68T Sales D141012 TORK ROLL BATH TISSV O.00T EVEXC Rent D209305 DISP T T SCA 2 2 0.11T EVEXC Rent DISPARL DISPENSER AIR FRESH 2 2 74.36T 2 Salos GSCNMAN GRN /SCENT MAN130 A 2 O.00T EVEXC Rent MN30HNY MAT 37010 HONEYCOM 1 1 16.96T Sor Chg 228P08 SERVICE CHARGE 8.95T fy Subtotal Tax 6.875 % $0.10 5.51 Signature !� Total Due: USD 85.61 Jnllisls QVS DEL THRU PIMA FACTORY CLOSET Balance as of 0712512012 r 1-30 31 �60 j0v er 60 85.61 87.94 0.00 �.. 0 . AUG -8 2112 Please Remit Payment to. AmerlPride Services, P.O. Box 3104, Bewidji, MN, 56619-3100 within 27 days. Thank you for your business 1 Ann Zimmerman From: Angela Schumann Sent: Monday, August 13, 2012 8;59 AM To: Ann Zimmerman Subject: RE: AmeriPride two invoices totaling $173.55 OK to pay. Angela Schuniam, ATCP Cox nunity Development Director City of Monticello _WV r±v.ci.monilce11o.mn.us 763- 271 -3224 This email sent by Monticello FTberNet Internet, at 100 mops speed! From., Ann Zimmerman Sent: Friday, August 10, 2012 11 :21 AM To: Angela Schumann Subject: AmeriPride two involces totaling $173.55 Angela; The attachment istwo AmeriPride invoices for supplies at the Montgomery f=arms location. We get an Invoice from them every four weeks, Previous paid invoices for this location are the following: $155.02 4/4/12 $94,07 5/2/12 $1016.74 5/30/12 Okay to pay the invoices for $87.94 and $85.61? Annie 271 -3205 h (763) 206.2711 CiTY i OF o as�rn'- `m !� MONTICELLO EDA 505 WALNUT ST STE 1 MONTICELL.O, MN 56862 Account ACCOUNT INFORMATION ACCOUPIT: 007260.002 SERVICEADDRESS: 112 BROADWAY E SERVICE PERIOD: 6/15/2012 to 9/8212012 BILLING DATE: 7/20/2012 DUE DATE; 8120/2012 METER RI5AQNG Previous Pleading Current Reading Serlel No pate Reading Dale' Reading Cons 47378460 6!18/2012 1081492 719!2012 1099728 0236 USAGE HISTORY 5000 4000 300 2000 7000 TOTAL CURRENT CHARGES 44.68 SPEGIA�. MESSAGE Keep up-i -data on City news[ Sign up for City E -news on WATER - COMMERCIAL 17.49 our websile at http:lAmmol.monflasllo.mmus, SEINER - COMMERCIAL 26.48 SW DISCHRO FEE . COM 2% 0.51 WATER TAX ON 100% 1.20 USAGE HISTORY 5000 4000 300 2000 7000 TOTAL CURRENT CHARGES 44.68 TOTAL AMOUNT DUE 44.68 PREVIOUS BALANCE 0.00 PAYMENTS RECEIVED 0.00 ADJUSTMENTS 0.00 ADDITIONAL BILLING 0.00 CURRENT CHARD ES 444.66 TOTAL AMOUNT DUE 44.68 (763) 296 -2711 I f OF � - . - p MONTICELLO EDA 506 WALNUT ST STE 1 MONTICELLO, MN 55362 Keep up -t"ate on. City newel Sign up for City E -news on our website at http:flwvrN.d.montioel €o.mmus. 24000 xm 16000 112000 $no 40DO AUG OEP ouT NOV DEQ JAN FEE MAR APR MAY JUN JUL }'i . 1 • •4a �'�. ry .. .u. v f 271_ -3205 Account Stateme t 43.14 ACCOUNT / 109.48 SW DISCHRG FEE - COM 29/6 2.19 ACCOUNT: 007266.001 SERVICE ADDRESS: 100 BROADWAY E SERVICE PERIODr. 5/1512012 to 613012092 BILLING DATE: 7120/2012 DUE DATE; 8120/2012 METER READING 0.00 CURRENT CHARGE=S 157.78 Pravloue Reading Current Reading Sena( No (late Reading pate Reading Cone 54063828 6/15/2012 2990594 7/1/2012 3414440 83036 TOTAL AMOUNT DUE 157.78 S L CURRENT CHARGES WATER - COMMERCIAL 43.14 SEWER - COMMERCIAL 109.48 SW DISCHRG FEE - COM 29/6 2.19 WATER TAX ON 100% 2.97 TOTAL CURRENT CHARGES 157.78 BILL SUMMARY PREVIOUS BALANCE 0100 PAYMENTS RECEIVED 0100 ADJUSTMENTS 0.00 ADDITIONAL BILLING 0.00 CURRENT CHARGE=S 157.78 TOTAL AMOUNT DUE 157.78 S 0 z 0 a O z U A Gi �1 A 0 b d 0 Q T Obi o o er 00 0 o m m o o O c � ^6 CN C, M 0% 0 0 0 0 a a 09 iL v! Q ri a q C13 0 0 00 oo v; 00 ni N %6 o N N O a M Pr r rr N V Or 00 00 0 z 0 a O z U A Gi �1 A 0 b d 00 0 Q T Obi o o er 00 0 o m m o o O c N N CN C, M 0% 0 0 0 0 a a 09 iL v! Q ri a q C13 0 0 00 oo v; 00 ni N %6 o N N O a M Pr r rr N V Or 00 00 G1 p+ •-+ +-+ N N N N N N_ 00 0 Q T Obi o o er 00 0 o m m o o c N CN C, M 0% 0 0 0 0 a a 09 iL v! In q o 0 0 00 oo v; 00 ni N %6 o N N a M M r rr N V Or 00 00 G1 p+ •-+ +-+ N N N N N N_ 00 0 Q T Obi w 0w0 W 0w0 Oi D1 � Qt O CD O M O O O .w 0 CN C, M 0% 0 0 0 0 0 N a o m N N N N N N N N_ h vii n Ln ' vNi vNi p A A A A A U o p � V1 O 'en ci NQ Gn o o q •� •� N H � Y^I• � � � ' G o w"1 oo n A A en 0 00 W N N C7 P4 w w w �n Ln V3 cA Go d V2 'N' 6 O Q O O O !�- �} AAAA Z U U U U � U Wl 0000 � U U CJ U W W W W W W P; O O T, � N N N Q T kn m a W �p 0 N W O c� �H d 0 Q T Obi O� Oi D1 � Qt O M O O O N N N N N O O T, � N N N Q T kn m a W �p 0 N W O c� �H d O z 0 I O C z A a a a u v A ti 0 K d u z d 0 Gi b F. 0 x N v W a 0 0 a c� C EHLERS LEADERS IN PUBLIC FINANCE Financial Advisory Services Invoice Monticello Economic Development Authority 505 Walnut Ave, Ste 1 Monticello, MN 55362 -6822 3060 Centre Points Drive Roseville, MN 55113 (651) 607 -8500 Invoice #,. 345275 Invoice Date: September 10, 2012 Project: Embracing Downtown (Monticello CCD Redevelopment) For financial advisory services rendered in conjunction with the establishment or modification of a tax increment district. Date Worked By Description of .8 Hours Amount 08- 13.2012 BKi Reviewed: Prepared for 8114 meeting .50 87.50 08 -14 -2012 BKi Prepared for, traveled to, and attended meeting at City 3.25 633.75 08- 142012 BKI Promo 1/2 travel time .75 no charge 4.50 $731.25 Amount Due This Invoice $731.25 .' 3!..R: 'r S EP 12 2012 iµ t (Detaoh at perforation and return lower portion to Ehlors) Monticello Economic Development Authority, MN Invoice #: 345275 Invoice Date: September 10, 2012 Amount Due This Invoice $731.25 Please remit payment to: Ehlers Attn: Accounts Recelvab[e Due Upon Receipt 3060 Centre Pointe Drive Roseville, MN 55113 Economic Development 5erviceo September 6, 2012 Jeff O'Neill, City Administrator City of Monticello 505 Walnut Street, Suite 1 Monticello, MN 55362 -8831 Invoice Economic Development — reSTOREIng Downtown Monticello Professional services for August 2012 13.5 hours @ $150 /hour Mileage Monticello (88 miles) @ $.555 —1 trip $2,425.00 48.84 Total $2,073.$4 Please make checks payable to Economic Development Services, Inc. 3109 West 50'x' St. #204 Minneapolis, MN 55410 (612) 925 -2013 fax (512) 925 -2942 cniail: jking @econdevelop.eom Economic development 5er0c,co August 14, 2012 Jeff O'Neill, City Administrator City of Monticello 505 Walnut Street, Suite 1 Monticello, MN 55362 -8831 Invoice Economic Development Professional services for July 2012 8.5 hours @ $150 /hour $1,275.00 Mileage Monticello (88 miles) @ $.555 —1 trip 48.84 Total $1,323.84 Please make checks payable to Economic Development Services, Inc. 3.109 West 50`h St. #204 Minneapolis, MN 55410 (612) 925 -2013 fax (612) 925 -2942 email; jking @econdevelop.com Kennedy & Craven, Chartered:)L: ° ",' 200 South Sixth Street €rw: Suite 470 Minneapolis, MN 55402 SEP 5 2012 v, (612) 337 -9300 ..t . ? v p August29,2012 t: e Statement No. 109872 City of Monticello Accounts Payable 505 Walnut Avenue, Suite 1 Monticello, MN 55362 Through July 31, 2012 MN190 -00101 General EwDA Matters 982.50 Total Current Billing; 982.50 l declare, under penalty of law, that this account, claim or demand is 'ust and correct and that no WpHgt has b pgld, Signature of Claimant Page: 1 Kennedy & Graven, Chartered ''!1'ii, ��.Lli.rry.wl� 200 South Sixth Street v5 Suite 470 City of Monticello Mlnneepolls, MN 55402 ¢ i '�� '" 2012 July 31, 2012 MN190 -00101 General EDA Matters Through July 31, 2012 For All Legal Services As Follows: Hours Amount 712!2012 SJB Emalls to /from J Severance regarding next steps on PH 0,75 157.60 Agreement; revise and emall to city 713/2012 SJB Review Severance comments; revise PH Agreement 0.50 106.00 7/5/2012 SJB F=urther review to PH Agreement per J Severance 0.60 126.00 comments 7/18/2012 MNI Draft resolution for Mississippi Shores 4d classification 0.80 144.00 agreement approval. 7119/2012 MNI Draft City resolution approving 4d agreement. 1.70 306.00 7/23/2012 MNI Check -in with M Barnett regarding Monticello Miss Shores 0.40 72.00 agreement and question on property taxes. 7/30/2012 MNI Review bylaws to determine succession and signing 0.40 72.00 matters if EDA exec director leaves position; phone conversation with A Schuman at City regarding same. Total Services: $ 982.50 Total Services and Disbursements: $ 982.60 as ^rym„MR�^ ILEAGE READ TEIE BACK OrTHE STATEMENT FOR IMPORTANT INFORMATION. 82 77 R,OBBWI' , H11VMA 41 13 WINGHT COUNTI�A�ITOTif1REA5URER cial assessments Principal $ 2,403.110 Interest $ 588.95 13. Spe m 10 S1iI:ONll STREET N.W. ROOM 232 i "• ` ` 2,.88 992 BUITA10,INN 55313 -1194 law$ + 763. 682.7572 or 763. 684.4540 B.ROAD IMP 32411-0 1.338.68 www.co,wright.w.us Property ID 0: R155- 010.067010 Taxpayer ID Number: 248203 CITY OF MONTICELLO EDA 605 WALNUT AVE STE 1 MONTICELLO MN 55362 -8822 r �IIII�I�IIi��I11Fllill1�111�1�11�111�1�11�13��llllll��illil $$$ You may be ellglble for one or even two refunds to reduce your property tax. REFUNDS? Road the back of this statement to find out how to apply. Property Tax Statement for Taxes Payable in 2012 Description: sect -11 Twp -121 Range- 026.ORIOINAL PLAT MONTICELLO LOTS 1,2,3,4 &5 BLK B Takes Payable Year; 2011 2012 Your Property 'ram Yolqgs A r,19solVaglign Estimated -Market Value: Improvements Exclulied: Homestead Exclusion: Taxable Market Value: New ImprovernenI4 Expired Excluslons: Property Classification: FXEMPT E=XEMPT 1. Use this amount on Form M1 PR to see if you are eligible for a property tax refund. ❑ File by August 15, If this box Is checked, you awe delinquent taxes and are not eligible. 2. Use these amounts on Form M1 PR to see if you are eligible for a special refund. 3. Your property taxes before credits 4. Credits that reduce your property taxes A. Agricultural market value credit B. Other Credits 5 Property taxes after credits' Property Tax by Jurisdiellion 6, County 7, City (CITY OF MONTICELLO) 8. State Quneral. Tax 9, School District (0882) A. Voter approved Levies B. Other local levies 10. Special Taxing Districts 11. Non - school voter approved referenda levies 12. Total property tax before special assessments ^rym„MR�^ ILEAGE READ TEIE BACK OrTHE STATEMENT FOR IMPORTANT INFORMATION. Special Assessments on Your Property � If ur address has than ed ploase check this box and show the change on he back of this club, cial assessments Principal $ 2,403.110 Interest $ 588.95 13. Spe m 1,731 .41 i "• ` ` 2,.88 992 A.UTILITIES 24611 -0 1,852,68 Bill Number: 20889 PENALTY: B.ROAD IMP 32411-0 1.338.68 ID Number: 248203 MAKE CHECKS PAYABLE & MAIL TO: .:r RUDERT J, HRVAI A 418 WRICR'1 COtINWAUAI'rOWYRIiASURSR 10 SACANI) SPIMtrr NAV. BOOM 232 14. YOUR TOTAL. PROPERTY TAX AND SPECIAL ASSESSMENTS 1,739.4 ?,992.86 4. w.��..��._.PAYABLE -20 12 2nd HALF PAYMENTMSTU B ^rym„MR�^ ILEAGE READ TEIE BACK OrTHE STATEMENT FOR IMPORTANT INFORMATION. TO AVOID PENALTY PAY ON OR ISEFORE: OCTOBER 15 � If ur address has than ed ploase check this box and show the change on he back of this club, Property ID Number: E39515- 010 - 067090 .SECOND 112 TAX AMOUNT DUE: $1,496.43 Bill Number: 20889 PENALTY: TOTAL: ID Number: 248203 MAKE CHECKS PAYABLE & MAIL TO: RUDERT J, HRVAI A 418 WRICR'1 COtINWAUAI'rOWYRIiASURSR 10 SACANI) SPIMtrr NAV. BOOM 232 RUPFM.O, MN 55313 -1194 �v CITY OF MONTICELLO FDA 505 WALNUT AVE STE 1 ftonml$ go4iU *nhequeolodYourcowoloddw*Inyau NlolpYTWBwotlb YOU kthsclooklanolhonored. MONTICELLO MN 553132 -8822 CE RTIPIC,ATE Payments to the EDA regarding rents and! damage deposits: 1. Damage deposits a. Tawhnee Archambault — damage deposit paid of $650. No damage deposit paid by Montgomery to Monticello EDA; Tenant is behind on rent by $1,950.00 prior to May 1, 2012 -- total on deposit prior to offset $65:0.00, offset as per the lease. Renter is entitled to 1% per annum from the start of the lease. the lease started September 15, .201.1. Montgom ory will credit the tenant with $650 damage deposit plus $6.50 (1 ° /a) even t�U though it is not a full year - for a total of $656.50. b Reece lire enzerr damn a de osit of $600, Wld tlaina a de osrt alci b n, g g p g 13- )Y }v s Tenant s. behind vn rent by $600.00 ° prior to May 1, 2012 — total on deposit prior to offset $600.00, offsdt as per the lease. Montgomery Farms, UC has agreed to collect the May rent at the end of the month for May, and pay the rent to Monticello EDA at closing, as below tenter is entitled to'.1 %per annuiriro>:n'the startrtle i��, leas T% ewse_akarNveber26;.i11. Montgnywt�ttae enan t::.tlr6i140 MJI� 2". �r a iol �# 1240e` ggra 'y mil p t m)1 ' i oto s are d ag 1? t. E will start 'June 1, 2012 codlcctriJ$ rent from Tenant. c. No other damage deposits, i 2. Rents due buyer, Monticello EDA andiseller, Montgomery Farms, LLC a i a.. Reece Bregenzer — Montgomery Farms, LLC will pay the Uonticello EDA the pro -rata share of rent at closing and collect from Bregenzer as X�,1� per a verbal agreement,with 13regenz r. Montgarnery does not want EDA impacted by its arrangement with tenant for May rent. Total rent $600. Assumption of closing on the 15'r'. 178 1 of the rent for May to be paid to �( Monticello EDA = $329.03. Paid in the total below. b. Tawhijee A.rchambauit —Monticello EDA will collect from renter. Monticello EDA agreement mandates the tenant pay the EDA. ED.A. pays Montgomery 14/31 of $650 = $29155 when collected from tenant, r Kai &Y'll� a <>S�uVq ,, S�\k. 0 M �t a" bad C - -ice �-A aY\A , C -Af-ms Ann Zimmerman From: Angie McIntire Sent: Thursday, September 06, 2012 10:08 AM To: Ann Zimmerman Subject: FW: Reece Please send $12 for "damage deposit interest" to: Reece Bregenzer PO Box 892 Monticello MN 55362 From; Leah Traxler [mailto: Leah @wilsondevelopmentservices.coml Sent: Thursday, September 06, 2012 10:00 AM To: Angie McIntire Subject: RE: Reece Hi Angie, Sorry I didn't get back to you yesterday. I ended up at the Dr. and hospital for my leg, not a blood clot, just tore the muscle. Anyway, I met with Reece and his unit was empty. He did have to clean everything out from the fridge. We turned off his window a/c unit but I left the refrigerator plugged in. Reece said that Tawhnee has come for some of her personal property. I sent her an email but haven't heard back. Reece uses his moms PO Box and plans to continue using it. PO BOX 892 Monticello, MN 55362 Who should I send the keys to? Thanks! Le4� 04M Leah Traxler Wilson Development Services LLG 952- 448 -4630 From: Angie McIntire fmai[to: Angie .Mclntire@ci.monticello.mn.usl Sent: Wednesday, September 05, 2012 4:03 PM To: Leah wilsondevelo mentservices.com Subject: Reece Hi Leah, So how did it go with Reece? Is he all out of the apartment and is it nice and clean? I will process his $12 interest check to him if all looked well. Could you please provide his mailing address? What else do you know? It will be a bummer losing his observant eyesl (Zrx k .Mc.9'aaw Assistant Finance Director City of Monticello (763)271 -3201 Fax; (763)295 -4404 Angie. Mcl nt! re dmonticello.mmus This email sent by Monticello FlberNet internet, at 100 mb speed! �nh OR O w 1.� O N W ro 9 b tlq N C.. 0 0 0 0 0 0 0 0 o a J V V V V 00 DO V +-f -4 O O N N C U Qh 00 D Q00 w N U P °1 N N 0�T 6 N O ij O W oo ch vi p In O Lh O O O N O ? A O O o 0 0 N N N N N N N N w W� W W W w W w w w `�." o LA 0 0 0 0 0 n o00� C M. 6 A p 0 0 9 O O O O O O O O C.. 0 0 0 0 0 0 0 0 o a J V V V V 00 DO V +-f -4 O O N N C U Qh 00 D Q00 w N U P °1 N N 0�T 6 N O ij O W oo ch vi p In O Lh O O O N O ? A O O o 0 0 tTj d C 6 A 0 0 �1 O O N O O n NO N C7 N tJ F W ro z �� as m � rA ° O b H O M O h O H O M1 d d a d (t b . 6 O O O O O O O O ° Lh O H b O O O O O X 0 0 µ 0 0 0 0 N N N N N N N N N N C.. 0 0 0 0 0 0 0 0 o a J V V V V 00 DO V +-f -4 O O N N C U Qh 00 D Q00 w N U P °1 N N 0�T 6 N O ij O W oo ch vi p In O Lh O O O N O ? A O O o 0 0 C s� 0 d C 6 A �1 O O N O O n NO N C7 N tJ F W ro C s� 0 r d f9 rr Q IO rh Q z 0 d C 6 A �1 r d f9 rr Q IO rh Q z 0 Fri w w w w w w w w w w n Lh � w � th L � LA cd+n Lh LLh 00 00 00 a o b n r, H O O W O H N N i-+ W b p p G PP CA CA cn N N d n Lh R U U� w W cc 1 "U N Ir Go pQ, O O 00 U G p O O O C1-0C a a a O O a 0 0 O 0 0 O O O b r th Fy N N N N N N H W n a w w w W W uj wwD pNo O v O a w W O o N N ui v. J W �1 W a O O U w w ONO ?oo �o �D w o 0 00 0 o c N in in o b p w LA a 0 0 0 ry. b � 0� o N Z 0 City of Monticello August 31, 2012 Page; 2 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 MN190 -00141 MYSA Conveyance Through August 31, 2012 For All Legal Services As Follows: Hours Amount 8/712012 MINI Phone conversation with J O'Neill regarding possible 1.80 324.00 'assistance to MYSA in connection with conveyance of land for soccer center; research on same; office conference with S Subul regarding same. ' 2 0 "),12 0,90 162,00 O'Neill regarding possible ways to structure conveyance, business subsidy considerations, possible ESA funding. Total Services: $ 488.00 For All Legal Services As Follows: Hours Amount 8/712012 MINI Phone conversation with J O'Neill regarding possible 1.80 324.00 'assistance to MYSA in connection with conveyance of land for soccer center; research on same; office conference with S Subul regarding same. 818/2012 MNI Follow -up phone conversations with A Schumann, J 0,90 162,00 O'Neill regarding possible ways to structure conveyance, business subsidy considerations, possible ESA funding. Total Services: $ 488.00 Total Services and Disbursements: $ 486.00 Page: 1 Kennedy & Craven, Chartered 200 South Sixth Street" Svelte 470 Minneapolis, MN 55402 I;,4 City of Monticello �. SEP 2 5 2012 ,.. August 31, 2012� MN190 -00101 General EDA Matters Through August 31, 2012 For All Legal Services As hollows, Hours Amount 8/1/2012 MNI Phone conversation wtih T Hagen regarding decertification 0.40 72.00 of TIF District 19; research on same and follow -up, 811/2012 MNI phone conversation with T Hagen regarding decertification 0.20 36,00 of TIF District No, 10. 817/2012 SJS Conference with M Ingram regarding finance for soccer 0.25 52.50 facility 8124/2012 MNI Monticello transformation home loan questions from A 0.60 108.00 Schumann. 8128/2012 MNI Office conference with C Rocklita regarding info needed for 0.20 36.00 mortgage releases; email correspondence with A Schumann regarding same. 8/29/2012 MN] Office conference with C Rocklitz regarding required 0.30 54.00 documents to complete releases of mortgage; email to A Schumann regarding same. 813 012 0 1 2 MNI Conference with R Weld and T Omdal regarding housing 1.20 216.00 TIF and pooling for housing purposes; follow -up office conference with 5 Bubul regarding same. Total Services: $ 574.50 Total Services and Disbursements. $ 574.50 City of Monticello August 31, 2012 Page: 1 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Minneapolis, MN 55402 MN190 -00131 Transformation Home Loan Through August 31, 2012 `5 z a For All Legal Services As f=ollows: Hours Amount 8127/2012 MNI Review loan documents for Peterson, Whitmore and 0.40 72.00 Brelwick; email correspondence with A Schumann regarding same. Total Services; $ 72,00 Total Services and Disbursements: $ 72.00 Page: 2 -2113 (.04AO Kennedy & Graven, Chartered"' 200 South Sixth Street Suite 470 Minneapolis, MINI 56402 SEP 2 5 2012 GIty of Monticello August 31, 2012 MN190-00116 Transformation Home Loan Program Through August 31, 2012 For All Legal Services As Follows: Hours Amount 812812012 CIBR Draft release of mortgage 0.75 95.25 Total Services, $ 95.25 . 4 Total Services and Disbursements: $ 95.25 LI -5 Q Lj 00 U. Page; 1 ; Kennedy & Graven, Chartered ': • ' '`. ;:� 200 South Sixth Street }}` Suite 470 , I �,' °i1 ` Uir' l . Minneapolis, MN 55402 Monticello EDA -, August 31, 2012 MN326 -00026 Acquisition of Gas Station Property Through August 31, 2012 For All Legal Services As Follows: Hours Amount 8/112012 MNI Office conference with 0 Rocklitz regarding title status; 0.40 72,00 votcemall to M Barnett regarding same, 8/1/2012 CBR Intraoffice conference regarding status of closing; phone 1.25 158.75 call from title; Intraoffice conference regarding escrow proposal 8/2!2012 MNI Phone conversations with M Barnett, C Rocklitz regarding 1,40 252,00 cloud on title caused by failure to get quitclaim deed from adjoining property, proposed solutions, timellne; follow -up email memo to city staff regarding same. 81212012 CBR Email and Intraoffice conference regarding pro -forma 0.25 31.75 policy and undertaking 8/3/2012 MNI Email correspondence with M Barnett, C Rocklitz 0.20 36.00 regarding timellne for conveyance. 8/612012 MNI Phone conversation with EDA staff regarding status of 1.60 288.00 closing; email correspondence with title regarding same; office conference with C Rocklitz regarding outstanding Issues; research needed actions to quiet title, 8/6/2012 MNI Email and phone correspondence with city and closer 0.50 90.00 regarding documents still required prior to closing on Culp property; office conference with C Rocklitz regarding same. 8/6/2012 CBR Intraoffice conference; e-mail to closer 0.25 31.76 8/7/2012 MNI Review documents from title (pro forma title policy, letter 1.30 234.00 of undertaking, closing statement) 617/2012 CBR Review pro -forma policy, closing statement, letter of 3,25 412.75 undertaking and proposed deed; conference; a -mails and phone calls with closer regarding closing Issues 8/8/2012 MNI Final review of conveyance documents for Culp 0.50 90.00 transaction; phone conversation with A Schumann regarding same; office conference with C Rocklitz regarding final logistics; email to title regarding authorization to close. Page: 2 Kennedy & Graven, Chartered 200 South Sixth Street Suite 470 Monticello E17A Minneapolis, MN 55402 August 31, 2012 818/2012 CBR review final HUD and letter of understanding and escrow agreement Total Services: 0,75 95.25 $ 1,782.25 Total Services and Disbursements: $ 1,792.25 Economic Development OCT - ? 2012 1' � 5ervice5. October 1, 2012 Angela Schumann, Community Development Director City of Monticello 505 Walnut Street, Suite 1 Monticello, MN 55362 -8831 Invoice Economic Development Professional services for September 2012 12.75 hours @ $150/hour $1,912.50 Mileage Monticello (88 miles) i7a $.555 --1 trip 48.84 Total $1,961.34 [Note: balance remaining on contract: $3,449.76] Please make checks payable to Economic Development Services, Inc. 3109 'West 50 "' St, 4204 10tancapolis, MN 55410 (612) 925 -2013 -fox (612) 925 -2912 email: •jlcin�C�'econdevelola.coni ��1"M5 T .213.. <lk3ol� �1 ;1va a Project* SC- 12- 02455A — Fred's Auto Sody Invoioo V: 358701 Consulting Services Class /Employee Name Dato Hours Rafe Amount Bertram, Brett J 08/17/2012 3.60 60.00 216,00 3.60 216.00 Volker, Aaron P 08107/2012 3.00 100.00 300.00 Flynn, Andrea 08124/2012 4.00 100.00 400.00 - - - -•- 4.00 .............. . .• -- 400.00 Consulting Services 916.00 Other Expenses Vendor Name Doc Nbr Date Amount Midwestern Drilling LLC 1066 8111/2012 11981.00 Other Expenses 9,984.00 Other Expenses 'Vendor /Employee Name Doc Nbr Date Units Rate Amount Mechanical (sieve) - hydrometeranalysis (ASTM D 422) 51345 8/2412092 3.00 142.000 426.00 TO -15 MPCA list 1204756 51249 8/13/2012 2,00 981.000 362.00 TO-15 Cannister rental prep charge 1204756 51249 6/13/2012 2.00 54.000 108.00 BETXIMTSE, GRO, sail 1204757 51249 8113/2012 6.00 36.000 216.00 Gasoline Range Organics (GRO), water 1204767 51249 8/13/2012 6.00 30.000 160.00 Diesel Range Organics (DRO), water 1204757 61249 811312012 8.Da 35.000 210.00 Diesel Range Organics (DRO), soil 1204757 51249 8113/2012 6.00 35.000 210.00 Project: SC- 12- 02455A -- Fred's Auto Body Other Expenses Vendor lftployee Name Doc Nbr Data VOC, MRH 465, water 1204757 51249 8113/2012 Other Expenses Total Project: &C- 12- 02455A -- Fred's Auto Body Units 6,00 Invoice 4: 358701 Rafe Amount 85.000 640,00 2,222.00 5,1'19,00 accept M ®INas e�Card - on • per • after 30 days, annual percentage 08. •.: NO. E3112-01 (BM2� `. .ni ;.I !`i t, �' '_. \r�� }i -�� yi _��.� lti�Y. s �I fir, � _t �1��01 ri � ,CO. c y 4- e t: -,�: •' s J. wsa & AssQGl"' c. Enginearing 1 Planning 1 Environmental 1 Construction 701 Xenia Avenue South Suite 300 City of Monticello August 30, 2012 Minneapolis, MN 59410 Attn: Wayne Qberg, Finance Director Project No; 01010 -�70 To[: 70-6411-000 505 Walnut Street, Suite 1 Invoice No; 1137 f�. ; ;fg:7jli341 -Mob I, • , ' Monticello, MN 65362 -8831 r 1� Monticello Maps ,' t•. r Professional_ Services From July 01, 2012 to July 3 12 Phasa-------_.. 6 ___-- - - -_ -J -rte -- - -- _-- ..___________ Professional Personnel { r Hours Date Amount Project Man agement/Coord!nation Bisson, Shibani 7/10/2012 TIF map coord for Megan Drawings /Layouts Francis, Erick 7112/2012 TIFF map Totals Total Labor Billings to Date Current Labor 128,50 Totals 128,50 Commonts: Approved by: .50 121.60 60.50 1.00 68.00 1.50 Total this Phase Prior Total 3,553.50 3,682.00 31553.50 3,682,00 Total this Invoice Reviewed by; Bret Weiss Project Manager; Shibani Blsson St. Cloud I Minneapolis I St. Paul Equal Opportunity Employer wsbeng.com 68.00 128,50 128.50 $128.50 $1 28.50 �1-son Invoice submitted to; City of Monticello Jeff O'Neil, City Administrator 505 Walnut Street Monticello, MN 55362 Wilson Development Services, LLC 590 North Chestnut Street, Suite 200 Chaska, MN 55318 952.448,4630 800.448.4630 FEIN 26- 1629971 Invoice Date Invoice !Number Last Bill Date September 17, 2012 22933 8/17/2012 In Reference To; Acquisition & Relocation Servioes- Montgomery Farms Professional Services Archambault, Tawhnee -I 12-E Broadway #1 8/2012012 LOT Time Call to Tawhnee regarding she doesn't know where she is moving to, she will send documentation for Income. Prepared self -move claim and mailed to Tawhnee for signature. Notes to file call from Tawhnee regarding verify relocation benefits for potential landlord. Drafted letter regarding eligible for Dental Assistance and move money, scanned and emailed to Tawhnee. Archambault, Tawhnee -112 B Broadway #1 DHW Time Discuss with Leah -• son still not moved. Income verification Archambault, Tawhnee -112 E Broadway #1 8/2212012 LGT Time Call from Angie at city regarding Tawhnee has never paid rent to city. Discussed with Dan Archambault, Tawhnee -112 E Broadway #x1 DHW Time Discuss with Leah City concern with unpaid rent Archambault, Tawhnee-112 E Broadway #1 DHW Time Discuss with Leah City's concern with unpaid rent. Archambault, Tawhnee -112 E Broadway 41 HrslRate Amount 1.30 123.50 96.00/hr 0.20 22.00 110,00/hr 0.40 38.00 95.00/hr 0.10 11.00 110.00 /h r 0.10 11.00 110.00 /hr a Invoice Date Invoice !Number Last Bill Date September 17, 2012 22933 8/17/2012 In Reference To; Acquisition & Relocation Servioes- Montgomery Farms Professional Services Archambault, Tawhnee -I 12-E Broadway #1 8/2012012 LOT Time Call to Tawhnee regarding she doesn't know where she is moving to, she will send documentation for Income. Prepared self -move claim and mailed to Tawhnee for signature. Notes to file call from Tawhnee regarding verify relocation benefits for potential landlord. Drafted letter regarding eligible for Dental Assistance and move money, scanned and emailed to Tawhnee. Archambault, Tawhnee -112 B Broadway #1 DHW Time Discuss with Leah -• son still not moved. Income verification Archambault, Tawhnee -112 E Broadway #1 8/2212012 LGT Time Call from Angie at city regarding Tawhnee has never paid rent to city. Discussed with Dan Archambault, Tawhnee -112 E Broadway #x1 DHW Time Discuss with Leah City concern with unpaid rent Archambault, Tawhnee-112 E Broadway #1 DHW Time Discuss with Leah City's concern with unpaid rent. Archambault, Tawhnee -112 E Broadway 41 HrslRate Amount 1.30 123.50 96.00/hr 0.20 22.00 110,00/hr 0.40 38.00 95.00/hr 0.10 11.00 110.00 /h r 0.10 11.00 110.00 /hr City of Monticello Monticello - Montgomery Farms page 2 811!2012 JFC Time 0.80 76.00 HrsJRake Amount 8/23/2012 LGT Time 0,40 38.00 812/2012 JFC Time Received and filed email from city regarding has not paid rent, 95,001hr 95.001hr about covered expenses. updated spreadsheet, email from 1 to Tawhnee regarding rent not paid. Barbara Lee's Dance Studio Archambault, Tawhnee -912 C Broadway 01 1.00 95.00 8/27/20121_GT Time 0.40 38.00 Discussed with Dan, email back to Tawhnee regarding past due rent 95,001hr exceeds relocation benefits. DML Time Archambault, Tawhnee -112 E Broadway #1 7.50 Type brief email response to Jeff O'Neill regarding his question of DHW Time 0.10 11,00 Discuss with Leah unpaid rent and son in occupancy 110.001hr Archambault, Tawhnee -112 E Broadway #1 8/29/2012 LGT Time 0.10 9.50 Email from Tawhnee with attached document for unemployment. 95.00/hr Archambault, Tawhnee -112 E Broadway #1 SUBTOTAL: [ 3.10 302.00; Barbara Lee's Dance Studio Phone call with tenant regarding where to send Invoice for advertising 811!2012 JFC Time 0.80 76.00 Prepared claim for searching expenses and mailed to tenant for 96.00/hr approval Barbara Lee's Dance Studio Barbara Lee's Dance Studio 812/2012 JFC Time 0.30 28.50 Phone call with tenant regarding status of first claim and questions, 95.001hr about covered expenses. Barbara Lee's Dance Studio 8/6/2012 JFC Time 0.60 57.00 Phone call with tenant regarding where to send Invoice for advertising 96.00/hr expense. Email to Jeff O'Neill at City of Monticello' Barbara Lee's Dance Studio 8/8/2012 DHW Time 0.10 11.00 Call with Angela - access to building for removal of mirrors, 110.001hr Barbara Lee's Dance Studio 8/9/2012 JFC Time 1.00 95.00 Discuss claim with Dan, phone call with tenant regarding bills for 95.00/hr business cards and brochures. Prepare draft of claim submission to the City of Monticello. Barbara Lee's Dance Studio DML Time 0.10 7.50 Type brief email response to Jeff O'Neill regarding his question of 75.00/hr what standard for payment request documentation has been used in City of Monticello Monticello - Montgomery Farms rage 3 HrslRate Amount past Barbara Lee's Dance Studio 8/912012 DHW Time 0.30 33,00 Discuss pending claim with John. Respond to O'Neil memo regarding 110.001hr approval process. Barbara Lee's Dance Studio 8/10/2012 JFC Time 0.30 28.50 Email claim #1 to Jeff O' Neil @ City of Monticello 95.00 /hr Barbara Lee's Dance Studio 8/13/2012 JFC Time 0.40 38.00 Phone call with Angle Wehmhoff at KJellberg Properties regarding 95.00 /hr status of studio relocation. Update file, Barbara Lee's Dance Studio 8/21/2012 JFC Time 0,30 28.50 Left message for Jeff and Annie at City of Monticello regarding status 95.001hr of claim Barbara Lee's Dance Studio 8/22/2012 LGT Time 0.10 9.50 Call from Ann at city - check is ready for pickup 95.00 /hr Barbara Lee's Dance Studio JFC Time 0,20 19.00 Left message for Jeff and Annie at City of Monticello regarding status 95.00/hr of claim Barbara Lee's Dance Studio 8/23/2012 JFC Time 3.50 332.50 Picked up claim check at City of Monticello and left requested 96.00/hr documents at the City. Met with tenant to deliver claim check and got signed documents. Barbara Lee's Dance Studio 8/29/2012 DHW Time 0.20 22.00 Call Angie at Kjellbergs Business Center regarding invoice for move. 110.00 /hr Memo to file Barbara Lee's Dance Studio SUBTOTAL: [ 8.20 766.00: BL Used Bike Shop 8/20/2012 LGT Time 0.10 9.50 Left message for Rob to call regarding status 95.00/hr BL Used Bike Shop City of Monticello Monticello- Montgomery Farms page 4 _Hrs /Rate ., Amount 812712012 LGT -rime 0.30 28.50 Call to Rob, he's waiting to hear about possible site from an owner. 95.0011hr Updated Dan BL Used Bike Shop SUBTOTAL; [ 0,40 38.00; 113regenyer,_Reece 112 E Braodway, #2 8120/2012 'LGT Time 0.80 76.00 Left message forlcaii from Reece, he found new place for end of 95.001hr August. Prepared self -move claim and mailed to Bregenzer for signature. Bregenzer, Reece 112 E Braodway 02 DHW Time 0.20 22.00 Discuss with Leah - move out. 110.00 /hr Bregenzer, Reece 112 E Braodway #2 8/24/2012 LGT Time 0.50 47.50 Gall from Reece regarding move claim, discussed with Dan, Notes to 95.00/hr file, received faxed claim. Brogenzer, Reoce 112 E Braodway #2 ` DHVV Time 0110 11.00 Move out after Labor Day - discuss with Leah 110.00/hr Bregenzer, Reece 112 E Braodway #2 812712012 LGT 'rime 0.80 76.00 Emailed check request to O'Neill requesting 2 checks - summary of 95.00/hr tenant move. Emails from /to O'Neill regarding sent to finance dept. Bregenzer, Reece 112 E Braodway #12 8/29/2012 LGT Time 0.40 38.00 Email from /call to Angie regarding checks ready, discussed deposit. 95.00/hr Returned call to Reece, coordinated Reece pick up check and sign copy at City offices with Angie. Bregenzer, Reece 112 E Braodway #2 SUBTOTAL: [ 2.80 270.50; Good Clean Fun Tattoos 8/2012012 DHW Time 0.20 22.00 Call John - discuss status 110.00/hr Good Clean Fun Tattoos City of Monticello Monticello- Montgomery Farms page 5 8/22/2012 LGT Time Call from Angie at city regarding has never paid rent to city. Discussed with Dan Good Clean Fun Tattoos DHW Time Dlsouss unpaid rent with Leah Good Clean Fun Tattoos 8/2312012 LGT Time Received and filed email from city regarding has not paid rent, updated spreadsheet Good Clean Fun Tattoos 8/29/2012 DML Time Type brief email response to A. Schumann & A. McIntire regarding conversation with Jonathan relative to replacement site and also rent. Good Clean Fun Tattoos SUBTOTAL,: Pizza Factory (Ekegren) 8/3/2012 DHW Time Memo to Jeff O'Neil regarding question on Notice to Vacate. Pizza l✓actnry (Ekegren) DML Time Typed email to Jeff O'Neil, City Administrator regarding pizza shop owner not responding to messages, not paying rent. Ok to give 90 day Notice to Vacate? Pizza Factory (Ekegren) EACrIKiy VAi712 Ti ►irt'i 7 Call with Gary - discuss relocation problems and back rent. Call Jeff O'Neil - left message occupancy lease & phone call summary MTF Pizza Factory (Ekegren) Hrs /Rate Amoun 0.30 28.50 95.00/hr 0.10 11.00 110.001hr 0.10 9.50 95,00/hr 0.20 15.00 75.00/hr [ 0.90 86.00' 0.30 33.00 110.001hr 0.10 7.50 76.00/hr 0.50 55.00 110.001hr 8/812012 DHW Time 0.60 66.00 Call with Angela, copy of lease & status of relocation - limited 110.001hr personal resources. Call with John Twardy at Bullseye Realty - discuss possible relocation site and process Memo to file Pizza Factory (Ekegren) 8/15/2012 DHW Time 3.50 385.00 Meeting with Gary - discuss relocation replacement benefit and 110.001hr process. Discuss lease and rent payments to revise rent, Pizza Factory (Ekegren) City of Monticello Monticello - Montgomery Farms page 6 __HrslRate Amount 8123/2012 LGT Time 0.10 9.50 Received and filed email from city regarding has not paid rent, 95.001hr updated spreadsheet Pizza Factory (Ekegren) 8128/2012 DHW Time 0.10 11.00 Respond to Angela regarding No notice to Vacate 110,00 /hr Pizza Factory (Ekegren) 812912012 DML Time 0.10 7,50 Type brief email response to A, Schumann regarding Pizza Factory 75.00/hr Notice to Vacate? No, He hasn't been given one yet. Pizza Factory (Ekegren) SUBTOTAL: [ 5.30 574.60. Wong, Fu-Lakoland Dental Associates 815!2012 DHW Time 0.50 55.00 Received claim #1 from Morphew - reviewed. Memo to Morphew 110.001hr regarding necessary information to process Business Re-Establishment claim. Wong, Fu- Lakeland Dental Associates 8/6/2012 DML Time 0.10 7.50 Type email to J. Morphew regarding questions on claim #1 76.00/hr Wong, Fu-Lakeland Dental Associates 8/28/2012 DHW Time 0.10 11.00 Respond to Angela regarding building plan review 110,001hr Wong, Fu- Lakeland Dental Associates SUBTOTAL: [ 0.70 73.59 z- Project Management $12212012 LGT Time 0.80 76.00 Created spreadsheet for business relocation and sheet for residential 95.001hr relocation with individual tenant information. z- Project Management DML Time 0.50 37.50 Typing of memo to Angela Schumann in response to comments and 76.00/hr inquiry regarding relocation claims z- Project Management 8123/2012 LGT Time 0.20 19.00 Updated spreadsheet with comments from than 96.00/hr z- Project Management City of Monticello Monticello- Montgomery Farms Page 7 HrslRate Amount 813112012 DML Time 3.49 261,75 811 - 8131, 2012 Consultant entries recorded to database for 75.00 1hr client/case history, status and file maintenance/backup. z- Project Management SUBTOTAL; [ 4.99 394,25: For professional services rendered 26,39 $2,524.75 Additional Charges: Qty /Price, Barbara Lee's Dance Studio 8123/2012 JFC Mileage 104 57.72 Mileage- 0.56 Barbara Lee's Dance Studio SUBTOTAL: [ 57.72: Pizza Factory (Ekegren) 811512012 I]HW Mileage 112 62.16 Mileage- 0,56 Pizza Factory (Fkegren) SUBTOTAL; [ 62.36; z- Project Management 8/31/2012 Copies - internal 64 9.60 Copies - (811 - 8139, 2012) 0,15 z- Project Management SUBTOTAL; [ 9.60; Total costs $129.48 For professional services rendered 26.39 $2,654,23 Total amount of this bill $2,654.23 Previous balance $1,230,83 9/1112412 Payment - Thank You, Check No. 109140 ($1,230.83 City of Monticello Monticello - Montgomery Farms Page Total payments and adjustments Balance due Amaunt ($1,230.83 $2,654,23 Invoice SILL TO SHIP TO City ofMontiocilo Monticello Building Economic Development Authority 202 Pine Street 505 Walnut. Street Monticello, MN 55362 Monticello, MN 55362 Net 15 DATE INVOICE NO. P.O. NO, TERMS DUE DATE SHIP DATE 9115/2012 41786 Net 15 I0/1/2012 9/15/2012 ITEM DESCRIPTION QTY IRATE AMOUNT 101 Regular Monibly Services for October 350.00 350.00T .; j i t � i n t, .,,+ li ... • h ' . , t• l)r,ly �9 2+� ry i 1 7 01P r Yil 1 'thank you for your business. Sales Tax (60876 %) $24,0& Total $374.06 4111 Mackwzie Court NE, Suite 100, St, M hael, MN 55376 (763)497 -8020 (763)497 -8564 fax www.=Isonbldgservices.com Xcel Energy® arsraasir� my NAyusaply Northern Stat ®s Power Company Pluoselietum This Portion WiOr Your Payment. AV 01 001336 75504 8 7 A * *6DQT 11111111,11,1IN- 1 III 111111'1' 111' 111 -11 IPIIIIIII III I'll I -1"ll MONTICELLO EDA 505 WALNUT ST STE 1 MONTICELLO MN 55362-BB31 Ill�lllllillll" 1111111 'ElIlllli,Illl�il�Fl`lll'I "I "I Hill 11111 P.O. BOX 9477 MPLS, MN 55484 -5477 31 51101512 06230828 00000001572000001101572 Detach and Retain This Portion ror Your Records Quostiorm Call orwrite.to us at: Please Call: 1800) 4Bi -4700 Northern States Power Company Hearing Impaired: 1800) &95,4949 PO BOX 8 Fax: 10001311 -0050 EAU CLAIRE Wl 64702-DOUG Billing summaty ffix : Comtherefal Previous Balance 08115 $10.��f$Y ° Payment Received as of 09110 1 0.89 CR Auerages far This Last Balance As Of 09118 0.1in Billing Period Year Year Commercial Electric Service 00!10 15.72 _Avprege Tomparature 68�' 67 Total 15.72 Electriclkuuh per pay 0.0 0.0 _CastRer Day $0.49 M-0 * 1 Degrees Warmer .. :i fifirm R� lei$ :p4 ,. -_ -' 10/15/2012 $15.72 Thank Youl 10117/12 51- 0623002 -8 AV 01 001336 75504 8 7 A * *6DQT 11111111,11,1IN- 1 III 111111'1' 111' 111 -11 IPIIIIIII III I'll I -1"ll MONTICELLO EDA 505 WALNUT ST STE 1 MONTICELLO MN 55362-BB31 Ill�lllllillll" 1111111 'ElIlllli,Illl�il�Fl`lll'I "I "I Hill 11111 P.O. BOX 9477 MPLS, MN 55484 -5477 31 51101512 06230828 00000001572000001101572 Detach and Retain This Portion ror Your Records Quostiorm Call orwrite.to us at: Please Call: 1800) 4Bi -4700 Northern States Power Company Hearing Impaired: 1800) &95,4949 PO BOX 8 Fax: 10001311 -0050 EAU CLAIRE Wl 64702-DOUG Billing summaty ffix : Comtherefal Previous Balance 08115 $10.��f$Y ° Payment Received as of 09110 1 0.89 CR Auerages far This Last Balance As Of 09118 0.1in Billing Period Year Year Commercial Electric Service 00!10 15.72 _Avprege Tomparature 68�' 67 Total 15.72 Electriclkuuh per pay 0.0 0.0 _CastRer Day $0.49 M-0 * 1 Degrees Warmer .. :i fifirm R� lei$ :p4 ,. -_ -' 8r - -, - ME 10117/12 x.{iz,¢'�':...:,,.:..:.,;€ -SRi:. Electric Charges Usage Period: 0&115112 to 69/16/17 Invoice 94395191114 Total Energy -kWh Meter iIf Company Heading an 091162 600052995965 Company Reading an 00115 Total Usage in 32 Days kWh + •- Sm fxen Sve IMetemill 16 D ays j0 Basic Service Chg Energy Char a Summer 0 kWh 4$0,079190$O.tlO Sin f3e�r stiieliAaturadp 16 Days :, ra x . Basic Service Chg Energy Charge Summer 0 kWh @$0.071730 ,001 Envirenmt IMprvmt Rider 0kWh 0$0.003307 %00 Flesouice Adl x;0.11 Intorith Rate Adj 9 Snhtetal .21 City Fees $*1.50 State Tax 06,876% 1.01 Total Amount $15.72 For an average non - demand customer, 73% of your bill refers to power plant costs, 10% to high voltage line costs and 17% to the cost of local wires connected to your business. For an average demand- billed customer, 83% of your total bilf refers to power plant costs, 10 %to high voltage lines, and 7% to the cast of local wires connected to your business. MONTICELLO EDA 349 W BROADWAY ST MONTICELLO, MN 5r3M2 -9356 See Stack of hill for Account #-, 51.6)6x31}$2 -0 Moro inferinatiaa. Page 1 of 2 Statement Date: 09/18/12 NextSehoduled M ater Reading Rate . .......... :.:..... .... ° , - 10117/12 11111512012 $102 Please seethe back ofthis bill for more information regaf ding the late payment charge. Pay on or before the date due to avoid assessment of a late payment charge. Statement # 340330317 Promise ff 30365735$ CcelEnrgiy� a'EBPeN81B6a aY eATagN- Northern StMos Power Company Please neturn This Portion With Your Payment AV Of 001385 75504 8 7 A * *6DGT IIII 'I fill 111111111111II1I111[11 111111 11111[1ilII III III [I'I111111 MONTICELLO EDA 505 WALNUT ST MONTICELLO MN 55382.803] . III' 1111111' 1111111h1111111111 1' llllllllllll�lll�lElllhll111111 P.O. BOX 9477 M PLS, MN 55404 -9477 21 51101512 175925780 0013. 0000176400000001764 Detach and Wain This Portiere Per Your Records (luostions: Call or write to us at: Please Call: 10001481-4700 Northern States Power Company Nearing Ifinpaired: 1800) 895 -4949 PO BOX 0 F ww ax: (000011-0050 EAU CLAIRE WI 54702 -6606 e g ' i ?.5;.__'':,.'...,,'e,. Billi�ig Summary W Pe - Commercial ..' i2RSr"Tliiifiia4.aa°'"Yo�iswnsx asas,:; c§ RvicsffiGi- XS4irk'aa:§s4i:'stir- .'i:..s&'2u 4;. Previous Balance 06194 $19.29 Peyrhant Received as of 69/18 99. 29 C Airt}rflg @S for This Last RallanceAsOfWig 6.00 .Billin.aferiod Year Year Commercial Electric Service 09/16 64 Average Temperature 68* 67 Total 17.64 Electriclkwh per Day 0.5 U _,... Cost per,I)ay 5 .55 ..._ $0.00 *I Degrees Warmer Electric Charges Usage Period: 08/14/12 to 09/15112 Imroiae # 439515494 legal Enorgy�kWh Motor I Company Reading on 09115 000007727701 Coitcy beading on 08114 Total Usage in 32 Clays Actual Demand -kW Billablo nomand $m Gen Svc IMeteredj 15 Days Basic Sorvir:e Chg Energy Charge Summer Fuel Cast Charge Sm Gore Svc { etercdj 17 Days Basic Service Chg Energy Charge Summer Environmtlmprvmt Rider Fuel Cast Charge Rosa urce Adj Interim hate Adj Subtotal See back of bill for more itlforMotlen. Pape 1 of 2 MONTICELLO EDA 202 PINE ST MONTICELLO, MN 55362 Account#: 51- 05925711"0 Statement Date: 09/18112 7.50 kWh 7.5010h 0.50 kWh 8.50 kWh B..50 I(Wh kWh 4.43 4 12007 12716 0 $0.079190 a $0.030667 .� r @$0.U71730 @$0003307 ® $0.020235 ' $0: s $0.23 $6.24 $0.18 am $11.01 Next Scheduled:.:<...-,._,<x: Meter Readin g pate .. x 10/16112 51.578 -0 10115/2012 $17.64 Thank You I AV Of 001385 75504 8 7 A * *6DGT IIII 'I fill 111111111111II1I111[11 111111 11111[1ilII III III [I'I111111 MONTICELLO EDA 505 WALNUT ST MONTICELLO MN 55382.803] . III' 1111111' 1111111h1111111111 1' llllllllllll�lll�lElllhll111111 P.O. BOX 9477 M PLS, MN 55404 -9477 21 51101512 175925780 0013. 0000176400000001764 Detach and Wain This Portiere Per Your Records (luostions: Call or write to us at: Please Call: 10001481-4700 Northern States Power Company Nearing Ifinpaired: 1800) 895 -4949 PO BOX 0 F ww ax: (000011-0050 EAU CLAIRE WI 54702 -6606 e g ' i ?.5;.__'':,.'...,,'e,. Billi�ig Summary W Pe - Commercial ..' i2RSr"Tliiifiia4.aa°'"Yo�iswnsx asas,:; c§ RvicsffiGi- XS4irk'aa:§s4i:'stir- .'i:..s&'2u 4;. Previous Balance 06194 $19.29 Peyrhant Received as of 69/18 99. 29 C Airt}rflg @S for This Last RallanceAsOfWig 6.00 .Billin.aferiod Year Year Commercial Electric Service 09/16 64 Average Temperature 68* 67 Total 17.64 Electriclkwh per Day 0.5 U _,... Cost per,I)ay 5 .55 ..._ $0.00 *I Degrees Warmer Electric Charges Usage Period: 08/14/12 to 09/15112 Imroiae # 439515494 legal Enorgy�kWh Motor I Company Reading on 09115 000007727701 Coitcy beading on 08114 Total Usage in 32 Clays Actual Demand -kW Billablo nomand $m Gen Svc IMeteredj 15 Days Basic Sorvir:e Chg Energy Charge Summer Fuel Cast Charge Sm Gore Svc { etercdj 17 Days Basic Service Chg Energy Charge Summer Environmtlmprvmt Rider Fuel Cast Charge Rosa urce Adj Interim hate Adj Subtotal See back of bill for more itlforMotlen. Pape 1 of 2 MONTICELLO EDA 202 PINE ST MONTICELLO, MN 55362 Account#: 51- 05925711"0 Statement Date: 09/18112 7.50 kWh 7.5010h 0.50 kWh 8.50 kWh B..50 I(Wh kWh 4.43 4 12007 12716 0 $0.079190 a $0.030667 .� r @$0.U71730 @$0003307 ® $0.020235 ' $0: s $0.23 $6.24 $0.18 am $11.01 Next Scheduled:.:<...-,._,<x: Meter Readin g pate ..j -- 10/16112 '1011'512012 $17.174 Please see the back of this bill for more information regarding the late payment charge. Pay on or before the date due to avoid assessment of a late payment charge. Statement # 340324921 Promise 0 393547449 i N g =' 1 XcelEnergya 1E8PoW9161:k 13Y 8AYe11VI Northam States Power Company Please Return This portion Wirlt Your Payment. AV 02 002089 746496 12 A * *6DGT III oil III Jill I III III oil gig] III 1►►I►►11111111111111 Ill 11111 ►1 ill 11 MONTICELLO EDA 505 WALNUT ST STE 1 MONTICELLO MN 55362 -8831 1'I�111111191111111111111f ll`IIr'1[Ill'[I ►11111111 ► ►II►IIIII1111 P.O. BOX 8477 MPLS, MN 55464 -9477 Al 51101212 05173655 000000133300000130133A ]100 Detach and Retain This Portion Far Your Records Questions, or write to us at: _ Please Call: 1806) 401 -4700 Northern States Polder Company Heating Impaired: (5011) OM -4949 PC BOX 0 Fax: (1300] 311 -0050 EAU CLAIfIE WI 54702 -0000 Fulling Summary: ., -.- Previous Balance 00114 $309.68 esa r xc rtsa� ar rax srsza sz se 3 F Payment Received as of 09117 9 68 G Averages for This Last Balance As Of W17 0.00 - Billing Period Year Year Commercial Electric Service 09117 Average Temperature 60* 67T Total 03' dU 1 ElectricNcwh per Day 78.0 0.0 Cast par flay _ $110.41 e SU.00_ * 1 Degrees Wormer EL R.- $333.00 M Bill 51- 0517365 -5 10/12/2012 Thank Youl AV 02 002089 746496 12 A * *6DGT III oil III Jill I III III oil gig] III 1►►I►►11111111111111 Ill 11111 ►1 ill 11 MONTICELLO EDA 505 WALNUT ST STE 1 MONTICELLO MN 55362 -8831 1'I�111111191111111111111f ll`IIr'1[Ill'[I ►11111111 ► ►II►IIIII1111 P.O. BOX 8477 MPLS, MN 55464 -9477 Al 51101212 05173655 000000133300000130133A ]100 Detach and Retain This Portion Far Your Records Questions, or write to us at: _ Please Call: 1806) 401 -4700 Northern States Polder Company Heating Impaired: (5011) OM -4949 PC BOX 0 Fax: (1300] 311 -0050 EAU CLAIfIE WI 54702 -0000 Fulling Summary: ., -.- Previous Balance 00114 $309.68 esa r xc rtsa� ar rax srsza sz se 3 F Payment Received as of 09117 9 68 G Averages for This Last Balance As Of W17 0.00 - Billing Period Year Year Commercial Electric Service 09117 Average Temperature 60* 67T Total 03' dU 1 ElectricNcwh per Day 78.0 0.0 Cast par flay _ $110.41 e SU.00_ * 1 Degrees Wormer EL R.- 18/16/12 101129012 M Bill Electric Charges -Usage Period. 05114112 to 09/15/12 Invoice # 439307422 Total y Meter # Co Company ding 09115 4 06 on 000007727744 Company Reading an kWh ; y08/14 Total Usage in 32 a s i7 , Actual Deuiand -kW 8.1 Billableuemand 8 Sm Gen Svc (Meteredl 15 flays -... Basic Service Chg Energy Charge Summer 000,13,kINh 4$0.079190 Fuel Cost Cast Cha�rgge 000.13 kWh 40 $0.030391 $24.56 Sin Can Sec (Metered) 17.0eys Basic Service Chg 54.00 Energy Charge Summer 915.80 kWh 4$0.071730 $65.70 Envirenmt Imprvmt Rider 915,88 kWh 4$0.003307 $3.03 . Fuel Cast Charge 915.88 kWh 00.028683 $76,27 Resource Adi $8.48 Interim Rate Adj V. 16. Subtotal $204.10 MONTICELLO IEDA 206 PINE ST MONTICELLO, SIN 555628665 See hack of (rill for Account * 51- 0517365 -5 more information. Page 1 of 4 Statement pate: 09/17112 L_ Next Scheduled MeterReadia hate g . R.- 18/16/12 101129012 $333.00 Please see the back of this hill for more information regarding the late payment charge. Pay on or before the data due to avoid assessment of a late payment chargo. Statement# 340144726 Premise # 302451493 Xcel nergydO KEGFUUSIBLr eY NATU6ETM Northern States Power Company Please fluWrn This Portion Willi Your Payment. AV 02 001154 73318 B 5 A * *5DGT 1ii1�11r��tlllll Ilfllx= ptI' 1llIIlIIIIli III 1111111111Z1111]Illg0 MONTICELLO EDA 505 WALNUT ST STE 1 MONTICELLO MN 55362 -BB31 I "'ll' 11111' I' 11111111111111I1I�lllll =[Ir1r111111 =1'11'1 =1111 =11 PA, BOX 9477 MPLS, MN 554849477 31 51101112 05173848 13000001348200! 13001�1962 I7erac11 and R twin This Pdttiuh ForYouf liecbrds Queafiens: Call 24 Hums 7 Days A Week or write to us at: x�^?v := - -, = v±.NC;<,;.;vwrrc.. . •caawwa:oc��,.�.}yp. L.. :.._ koUa Please Call: 80 $95 -4999 Fax: Northern States Power Company Flooringg Impaired: 80 896 -4949 1000) 895 -2095 PO BOX 0 �. EspaBol: �BgQ 687 -8778 EAU CLAIRE WI 54702 0000 y? } X € Billing Summary :Y:.... . Residential q � �' ... Previous Balance 08114 $192.05.... Payment Received as of 09114 92 D5 C Averages f or This Last Balance As 0109114 0.0 7 Billing Period Year Year Current Energy Charges 09114 Averagee ToMporaturn _ 69* 69 Total 139.87 Elecidclkwh per Day 35.2 0.0 Cost per ne $4.66 so 00 '° a Degrees Warmer Electric Charges Usage Period: 08114/12 to 09113/1Z ° £r:.,....µ Mater Reading Information Invoice 11439113066 51- 11517384 -8 10111/2012 $139.82 Total Ertargy -kWh Basic Service Ch gg ThankYoul Company neading on 09113 .... ............................... 64431 AV 02 001154 73318 B 5 A * *5DGT 1ii1�11r��tlllll Ilfllx= ptI' 1llIIlIIIIli III 1111111111Z1111]Illg0 MONTICELLO EDA 505 WALNUT ST STE 1 MONTICELLO MN 55362 -BB31 I "'ll' 11111' I' 11111111111111I1I�lllll =[Ir1r111111 =1'11'1 =1111 =11 PA, BOX 9477 MPLS, MN 554849477 31 51101112 05173848 13000001348200! 13001�1962 I7erac11 and R twin This Pdttiuh ForYouf liecbrds Queafiens: Call 24 Hums 7 Days A Week or write to us at: x�^?v := - -, = v±.NC;<,;.;vwrrc.. . •caawwa:oc��,.�.}yp. L.. :.._ koUa Please Call: 80 $95 -4999 Fax: Northern States Power Company Flooringg Impaired: 80 896 -4949 1000) 895 -2095 PO BOX 0 �. EspaBol: �BgQ 687 -8778 EAU CLAIRE WI 54702 0000 y? } X € Billing Summary :Y:.... . Residential q � �' ... Previous Balance 08114 $192.05.... Payment Received as of 09114 92 D5 C Averages f or This Last Balance As 0109114 0.0 7 Billing Period Year Year Current Energy Charges 09114 Averagee ToMporaturn _ 69* 69 Total 139.87 Elecidclkwh per Day 35.2 0.0 Cost per ne $4.66 so 00 '° a Degrees Warmer Electric Charges Usage Period: 08114/12 to 09113/1Z ° £r:.,....µ Mater Reading Information Invoice 11439113066 10/11/2012 Meter #000052245031 Residential Service 13 Days Total Ertargy -kWh Basic Service Ch gg $3.32 Company neading on 09113 .... ............................... 64431 Energy Charge Summer 458.03 kWh @$0.082060 Fuel cost Charge 458.03 kWh 0$0.029954 $91.59 Ganrpan needing u%0 8114 .... ............................... 3380 To Usage in 30 Residential Service 17 Days $1332 ays ItWlr 1067 Basic Service Ghg $3.77 Energy Chargo Summer59B.97 kWh 0$0.073630 $44.10 Environmt Imprvmt Rider 59831 kWh 0$0.003301 $1.98 Fuel Cost Charge 598.97 kWh 0$0.027865 $16.69 Resource Adi 9.56 Interim Rate Adj 2.15 Subtotal $128.98 City Foes $1.95 State Tax 09.075% $8.99 Total Amount $13922 " New eleadc rates became effective September 1, 2012. See the enclosed bill insertfor detail's. 1-800-895-4999 or inquiro@xcelenergy.com. Thank you for your payment. See back of hill for mere inlennation. Pago t of 1 L MONTICELLO EDA 112 E BROADWAY ST MONTICELLO, MN 55M2 -5321 Account 4k 511-9507384-8 Statement Date: 09114/12 ti _i r. NextScheclulel Meter Re0tling.patrr'- ° £r:.,....µ �ffi 10116/12 10/11/2012 $139.82 Please see the bock of this bill for more information regarding the late payment charge. Pay on or before the date due to avoid assessment of a late payment charge. Statement # 339965369 1 2 s o Premise # 311360804 i� Ann Zimmerman From: Angie McIntire Sent: Friday, September 28, 2012 7:53 AM To: Ann Zimmerman Subject: FW; Lakeland Dental Relocation Attachments: BRE Claim #1 signed.pdf Annie, This is ok to pay, per Angela. I will forward her ok to you next. From: Leah Traxler [mai Ito: Lea hC @wilsondevelopmentservices.coml Sent: Thursday, September 27, 2012 1:11 PM To: Angela Schumann Cc: Angie McIntire; Jeff O'Neill Subject: Lakeland Dental Relocation Angela, • Tenant received a notice of relocation eligibility on 4/13/2012. Monticello EDA purchased the Broadway Plaza building at the intersection of Highway 25 and Broadway from Montgomery Farms on 5/15/2012. Lakeland Dental is relocating to 116 River Street in Monticello, MN This tenant is eligible for relocation expenses under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. Please issue a check in the amount of $50,000 payable to Fu Wong, D.D.S., P.A. as an advance for the Lakeland Family Dental office. Any relocation check issued is to the displaced business, in this case the registered business with the Secretary of State and the tax ID are in the name of Fu Wong, D.D.S., P.A. Business relocation claims can be very complicated. In this case expenses for the build out have categorized in the Business Reestablishment eligible items. Please give me a call if you want to walk through a claim. It's easier for me to explain when we're looking at a claim together. Thank you /Na i Leah Traxler Wilson Development Services LLC 952- 448 -4630 08/26/2012 11:11 7634258428 (KAL occ aric Q s C.fS$9 U 90479 SZ180 a eo s : - Lakeland Dental S.P. Parcel Job Fed No. — County __ Acquisitton: 0 Pending s Accepted Parcel Owner: (moo or c an) City of Moriftelto EDA P =el Aiddr,: 100 West Broadway St. upancy Data: ❑ 0WM bility Date: 4/13/12 T Acquisition (Madw of IMerlt or PUsuhase offer)offer (I det FU WONG DOS iota Department of arrsportation REGSTABLISld ENT ini: See Over For fret! lble Expenses" W Business � Ion- Profit 13 Farm Government Amount $ 41846 P.042/003 v,2008l8 t *Advance ®martial ©Final District Approval: Agency Approval: E. Date pplication Approved: Vright V ntior No.: 0 Em. Domain A . FtnanCe: n•.. s;, , Mafi ro: Lakeland Dental rB Tenant e 1. Repairs or improvements tp the rep[ a ant Mai property requil 2. Modifrcatinns to the repl cement prol orty to a=mrnodate the t 3. Construction and installation of Exter or Signing to advertise the 4, Redecoration or roplawment costs soiled or wem surfaces at 5. Advertisement of the replacement loc 81jon .. ............................... 6. Estimated Increased costs of operation during first 2 yrs ........... 7. Other item costs easenUa €, Masonab a and necessary to reastat TOTALTHIS CLAIPA ................................ ............................... Addr.: PO Sox 1162 TIQN OF Rt PLACEMEN Name, dfor Type:. Address: 116 River Streit We by law, code, or ordinance . °...._,... $ 47,769 ness operation ............................. $ 18,316 ;mess ............ ............................... $ r replawmant site ....... .. .. .............. $ . ...................... ............................... $ ......... ((eases. taxes, Insurance, etc.) $ i..(confirmellgibilkywitkift agency) $ $ 50.000 Total Resstabirsh Imtoblishinerd nt Claim's Paid To -Date (includ g this ctairri) :...... r$ 50,0003 Eligible rPdi}2tnirtg ®xpanses c#aim Isle :....................... $ 0 01splacee Residency Certification, I attest under penalty of perjuty, t myself and/or members of this partnership, association a- corporaiion are IsWful citizens of, or aliens layd ully admitted for residency a d authorized to oonduct businw4 in, the United States. Claimant AcicnowledIjamene t, the underst ned. do hereby aadify that a above information is true and cxxrecl, and that any receipts: or statements attached hereto accurately rep sent the expenses incurred i further certify that I have not submitted any other clWm for reimbursement of, or received payment for, an expense submitted with this claim. IsFFICIAL USE; C?N4x: (Cammentsj Authorized — Signature_ _ Name (print)° ^� iFed Tax I.D. or Sec, Sec. loo.: MN State ax I.D. No.: S o Ineligible Expenses 0 i`teverse Side ire - establishment Cwts Claim Page 1 or RUM 9=012 EDA Agenda. — 10/10/12 5. Consideration of an update on TIF 1 -22 Knockdown Analysis. (AS) A. REFERENCE AND BACKGROUND The EDA approved the completion of the "knockdown analysis" for District 1 -22 at its August meeting. The EDA's adopted TIF Management Plan describes "knockdown" in the following manner: A current listing of the parcels in a TIF district may not match the parcels in the TIF Plan. Missing parcels may have been removed through the "knock down rule". State Law (M. S. 469.176, Subd. 6) requires certain activities to occur on each parcel in the TIF district within four years of certification. These activities are: • Demolition, rehabilitation, or renovation ofproperty. • Qualified improvement of a street adjacent to a parcel but not installation of utility service including sewer or water systems. • Other site preparation. The value of parcels that fail this test are removed from the tax increment calculations for the district. State Law requires the EDA to provide the County with evidence related to qualifying activity on each parcel by February I of the year following end of the knock down period. It is important to note that the parcels are not removed from the district. Parcels that are knocked down can be restored to the district when the EDA certifies to the County Auditor that qualifying activity has commenced. The value that is restored to the Original Tax Capacity is the most recent tax capacity value of the parcel. Since that approval, staff have met with Northland Securities to determine the exact shape and size of the district as it existed at the time of adoption and as it exists today, as well as projects that occurred in the district, creating parcel eligibility. A large amount of research on each individual parcel has been completed in order to determine parcel eligibility within the district. Northland Securities will be present at the October EDA meeting to review their findings to -date and provide a preliminary summary of the financial capacity of the district. B. ALTERNATIVE ACTIONS No action is necessary at this time. C. STAFF RECOMN[ENDATION Not applicable. D. SUPPORTING DATA A. Map of 1997 and 2011 TIF District 1 -22 B. TIF Management Plan, TIF District 1 -22 Summary C. Northland summary will be made available at the meeting. 2 a 71'/f \m jv g' I \ � f / V® I io e 3 'gee jv 8A ib ' jy8 H LI / <!�/ TI F District 1 -22 0 � _, 1997 Establishment Parcels Q 2012 County Records 1 inch = 100 feet CITY_/ A L V] rid N v r O V = O O Y - n N N ON N 'I- W ; v N v O� O O = M m N N CO O > f � a aJ � 7 E Z 7 Z o V U c F v v v � = i v I u O cr- G -0 O OC a O V al 0 ro t R a F V aJ 0 - u fO 'v, ai 'r- O O w V LJ vi j9 'V � Q m x � F �v U r^y X � � N h m f9 m ai m d � � N a u u u a N O O O O O O O O O O O O O O O O O O O '10 O O � C � n �_ Q O O O N O �n O O O O Ln N *° m �D N n_ O O 4 m 4 R v1 �Q tp O O Ln m O O N O m O m O m O m m O O O O O O O O O O O O 4 P O P P P 4 O_ _O O_ O_ O O O O Q O O O O 4 O O O O O Ln uT Lh Vl t1l Lf1 lit ul In In In In In V1 Ln V1 In n m V2 V1 42 42 42 42 Vl 42 u'} In l2 l2 V2 W l2 2 u2 �n �2 O 0 O C� O O 0 O 0 O Om O 0 O a O a 000 I O O O O O O O m O O O O O O O O tD f, N er C a m O O O a Ln Ko �D o O N O m o m o m o m O O O O O P P 4 Q O O O O O O O O O 4 O O O O O b 'D O N O h _O O_ -T O_ v O_ 0 4 4 4 4 0 4 0 O m ° m 0 7 0 7 0 7 4 vi m Ln Ln m u, Ln in U,� Ln v, Ln v, Ln �n �n �n �n �n i2 in u2 in ui ui v2 u2 Ln u2 v2 v2 ILn v2 4 O O O O O O O O O O O O O O O O m O m — n w m O m O N O m m N 'O �O 0, 0 0 0 0 0 0 O v o n o_ o_ o o_ N u1 N ID 0% f, O m O N 4 C Ln Q 4 O ui Lm +D O O m O m O m O m O O O O O O O O O O O O O O O O O O O 1Oy O O O O O O O O m O P o b wv m m v u ui in ui in in m Ln v m vi m V) Vl n r r V � w'r u r t2 U2 12 U2 2 u2 2 �n r ^O +' w 1 F PT-1 O O dt O O O H O O x" O CO ymQJ EG n N O N 10 CD -4 Q v bO N v 'J 4+ cC V ++ 'Y. 0 Qj 4J v bA N +� w � 75 m U] 3 N O . 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Consideration to approve Resolution 2012 -88, a Resolution Ratifying Modification to the Tax Increment Financine Plan for Tax Increment Financine District No. 1 -5. (JO /ASBW/WO) A. REFERENCE AND BACKGROUND The EDA is asked to consider a modification to TIF District 1 -5 and a reallocation of increment within District 1 -5 to City Project City Project No. 12C002, West 7th Street Extension (Minnesota to Elm). TIF District 1 -5 is a pre -1990 tax increment district. Pre -1990 districts have greater flexibility in available increment usage than those districts enacted after more restrictive TIF legislation in 1990. In short, the increment collected in District 1 -5 can be spent anywhere within the Central Monticello Redevelopment Project Area No. 1. It is not subject to pooling restrictions and does not need to be spent in the district in which it originated. Due to the flexibility in pooling allowances and spending for this district, staff is requesting that the EDA consider modifying the original TIF 1 -5 District budget to allow for the reallocation of increment within the district to the 7th Street Project. Currently, west 7th Street extends west from Highway 25 to Minnesota Street. The street begins again at Elm Street. The proposed project would therefore extend West 7th Street between Minnesota Street and Elm Street. This extension of West 7th Street is approximately 1/4 mile in length and is proposed to be constructed as a 44 -foot wide urban section with curb and gutter and bituminous pavement, and a bituminous pathway constructed along the north side of the road. LED street lights and trees are also proposed to be installed with the project, as well as a regional stormwater pond north of 7th Street and east of Elm Street. Approximately 25 acres would become available for development via construction of this collector road, which makes it an excellent use of these funds. This new road will also provide a more direct connection between East CR 39 and the properties along West 7th Street versus the use of Chelsea Road and/or West 6th Street. This connection will also serve to complete the frontage road system north of Interstate 94, which was previously identified as a requirement for constructing a new interchange along Interstate 94 on the west side of the City by both Mn/DOT and the Federal Highway Administration. The extension of West 7th Street between Minnesota and Elm Streets is identified as a proposed improvement in the City's Transportation Plan, and is also included in the City's current 5 -year Capital Improvement Plan as a proposed improvement for 2013. At the present time, the City Council has authorized a feasibility report for the completion of the street improvements. Preliminary funding estimates and sources for the project is as follows: Estimated Project Costs = $ 1,230,000 Estimated Eligible State -Aid Costs = $ 633,700 Estimated Assessments (Deferred) _ $ 652,290 Staff is requesting that the EDA allocate all of the available increment in TIF 1 -5 towards the Tat Street project as a means to fund much of the deferred component of the assessments. The deferred component of the project would require the complete allocation of increment from TIF 1 -5, which is estimated to be $450,890 at the close of 2012. In order to utilize the increment in TIF 1 -5, the EDA is required to modify the original TIF Plan budget line items. As the EDA is not modifying the amount of the original project budget (which was $4.3 million), but rather reallocating funds among the line items, the EDA's attorney has indicated that no public hearing is required for this modification. In order to accomplish the funding of the 7b Street project, staff and the EDA attorney recommends the following budget modification: USES OF TAX INCREMENT FUNDS TOTAL Land/Building Acquisition $1,100,000 Site Improvements/Preparation $1,201,300 Utilities $900,000 Bond Principal Payments $390,000 Bond Interest Payments $433,500 Streets and Sidewalks $500,000 Administrative Costs (gV to 10 %) $370.200 PROJECT COST TOTAL $4,895,000 Should the EDA approve this modification, the City Council will also need to adopt a companion resolution at their October 24', 2012 meeting. At that time, the funds will be reallocated internally. No additional increment will be collected after 2012. The EDA Attorney has indicated that the District can be decertified in November after the reallocation procedure. In relationship to the impact on potential funding sources for the EDA to accomplish its redevelopment goals, it should be noted that the EDA will still have the use of similarly structure TIF District 1 -6, as well as funds within TIF 1 -22 (which will be covered in a subsequent item.) Additionally, by utilizing the increment in 1 -5 for deferred assessments, the City will be paid back once the assessments are levied and paid (at the time of development). Those funds could then be re -used for additional projects that foster economic development. The funds would be similarly unrestricted in their use, as they will no longer be associated with TIF. Furthermore, the Finance Director would encourage the EDA to utilize 1 -22 as its first resource to accomplish goals within that district, as those funds are subject to post -1990 pooling restrictions. 2 B. ALTERNATIVE ACTIONS 1. Motion to approve EDA Resolution 2012 -88, a Resolution Ratifying Modification to the Tax Increment Financing Plan for Tax Increment Financing District No. 1 -5. 2. Motion to deny approval of EDA Resolution 2012 -88, a Resolution Ratifying Modification to the Tax Increment Financing Plan for Tax Increment Financing District No. 1 -5. 3. Motion to table for further study or discussion. C. STAFF RECOMMENDATION Staff supports alternative 1. D. SUPPORTING DATA A. Resolution 2012 -88 B. TIF Management Plan District Summary C. TIF District 1 -5 Plan Excerpts D. Central Monticello Redevelopment District No. 1 Project Area E. 7t' Street Project Area 3 CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 2012-088 RESOLUTION APPROVING MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1-5 WHEREAS, the Housing and Redevelopment Authority in and for the City of Monticello (the "HRA ") and the City of Monticello, Minnesota (the "City ") previously established Central Monticello Redevelopment Project Area No. 1 (the "Redevelopment Project") pursuant to Minnesota Statutes, Sections 469.001 through 469.047, as amended (the "HRA Act"); and WHEREAS, on March 15, 1985, the City and the HRA approved a Tax Increment Financing Plan (the ` FIF Plan") for Tax Increment Financing District No. 1 -5 (the ` FIF District") located within the Redevelopment Project, pursuant to the HRA Act and Minnesota Statutes, Sections 469.174 to 469.1799, as amended (collectively, the "TIF Act "); and WHEREAS, administration of the TIF District was subsequently transferred to the City of Monticello Economic Development Authority (the "Authority "); and WHEREAS, the City and Authority have determined a need to modify the TIF Plan in order to amend the budget contained therein and such amendment is consistent with the redevelopment program for the Redevelopment Project; and WHEREAS, pursuant to Section 469.175, subd. 4(b) of the TIF Act, a tax increment financing plan may be modified without public hearing or the findings required to be made for the original tax increment financing plan if the modification does not include (i) any reduction or enlargement of the geographic area of the project or tax increment financing district; (ii) an increase in the amount of bonded indebtedness; (iii) a determination to capitalize interest on debt if that determination was not a part of the original plan; (iv) an increase in the portion of the captured net tax capacity to be retained by the City; (v) an increase in the estimated cost of the project, including administrative expenses, to be paid or financed with tax increment from the district; or (vi) the designation of additional property to be acquired by the authority; and WHEREAS, by this resolution, the Authority proposes to modify the public costs and uses of funds table located within the TIF Plan in order to reallocate tax increment expenditures from "Other" and "Site Improvements/Preparation Costs" to "Streets and Sidewalks," as set forth in Exhibit A, attached hereto and made a part hereof, in order to use such tax increment to finance a portion of City Project Z7STEX, the 7t' Street Extension. NOW, THEREFORE, BE IT RESOLVED, by the City of Monticello Economic Development Authority as follows: 412054v1 MINI MIN190 -101 1. The TIF Plan for the TIF District, as amended by this resolution, conforms to the general plan of redevelopment of the City as a whole. 2. The approval of the TIF Plan, as amended by this resolution, is intended, and in the Authority's judgment its effect will be, to promote the public purposes and accomplish the objectives specified in the TIF Plan. 3. The proposed modification to the TIF Plan may be made without public hearing or the findings required for the original TIF Plan since the modification does not include (i) any reduction or enlargement of geographic area of the Redevelopment Project or the TIF District; (ii) an increase in the amount of bonded indebtedness; (iii) a determination to capitalize interest on debt; (iv) an increase in the portion of the captured net tax capacity to be retained by the City; (v) an increase in the estimated cost of the project to be paid or financed with tax increment from the TIF District; or (vi) the designation of additional property to be acquired by the Authority. 4. The amended TIF Plan is hereby approved and adopted. 5. The Community Development Director is authorized and directed to file a copy of this resolution with the Minnesota Commissioner of Revenue and the Wright County Auditor as required by the TIF Act. Approved by the City of Monticello Economic Development Authority this 10th day of October, 2012. President ATTEST: Secretary 412054v1 MINI MIN190 -101 2 W-411-1 1.4m.1 MODIFIED TABLE OF EXPENDITURES AND OTHER FINANCING USES USES OF TAX INCREMENT FUNDS TOTAL Land/Building Acquisition $1,100,000 Site Improvements/Preparation $1,201,300 Utilities $900,000 Bond Principal Payments $390,000 Bond Interest Payments $433,500 Streets and Sidewalks $500,000 Administrative Costs (up to 10 %) $370.200 PROJECT COST TOTAL $4,895,000 A -1 412054v1 MINI MIN190 -101 r r i i Ln +- vi Ln Ln r. rn Q o E in in u� n u a ` m Ln L9 sn 0 a, ti v G1 � 7 E Z 7 T Z 4t5 Ql 7 E O R a ?. V V Z F N .� a0 8p Op x + v v Ln u1 a or- y R Y V •�" L1 i LL O } U x O Y a v ar 7 m a Ln 4-1 " o v R N m �' L+ U x O rN d i a-• U a H a 0 V Ln vas Q Ft7 V •f" �•� ^C d O "" v Q oz Q aJ U v U r r i i Ln +- vi Ln Ln r. rn Q o E in in u� n u a ` m Ln L9 sn 0 a, ti v G1 � 7 E Z 7 T Z 4t5 Ql 7 E O R a ?. 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Statement of Objectives 1 Section C. Development Program 1 Section D. Description of Property in Tax Increment Financing District 2 Section E. Classification of the Tax Increment Financing District 2 Section F. Parcels in Acquisition 2 Section G. Estimate of Costs 3 Section H. Estimated Amount of Loan /Bonded Indebtedness 3 Section I. Sources of Revenue 3 Section J. Original Assessed Value 4 Section K. Estimated Captured Assessed Value 4 Section L. Duration of the District 4 Section M. Estimated Impact on Other Taxing Jurisdictions 5 Section N. Modifications of the Tax Increment Financing District 8 Section 0. Limitation on Administrative Expenses h Section P. Limitation on Duration of Tax Increment Financing Districts 7 Section Q. Limitation on Qualification of Property in Tax Increment District Not Subject to Improvement 7 Section R. Limitation on the Use of Tax Increment 7 Section S. Notification of Prior Planned Improvements 8 Section T. Excess Tax Increments 8 Section U. Requirement for Agreements with the Developer 9 Section V. Assessment Agreements Section W. Administration of the Tax Increment Financing Redevelopment District and Maintenance of the Tax Increment Account 9 Section X. Annual Disclosure Requirements 9 Section Y. Assumptions 10 Section Z. Municipal Findings 10 Tax Increment Redevel2pment District Finance Plan A. Statutory Authority The Monticello Housing and Redevelopment Authority (the "Authority ") and the City of Monticello are authorized to establish a tax increment district pursuant to Minnesota Statutes, Section 273.71 -78. B. Statement of Objectives 1. To provide opportunities for development and expansion of new business; 2. To provide employment opportunities through the creation of new jobs; 3. To provide opportunities for growth in the tax base; 4. To assist with street construction, sanitary sewer and watermain construction, storm sewer and other public improvements to encourage redevelopment in the area. 5. To encourage the development of additional rental housing in the City. C. Development Program 1. Description of the Development Activities: Construction Five (the "Developer ") plans to construct an 18- -unit, a 24 -unit, and a 30 --unit apartment buildings. Appropriate zoning standards in the City provide for these developments which will be located near the highway in an area that encompasses both light industrial and residential uses. The developer will be assisted with public improvements to service the buildings with tax increment revenues. The 18 -unit building is expected to complete construction in 1985, and the 24 and 30 unit buildings will complete construction in 1987. 2. Other Development Not Under Contract Reasonably Expected to Occur in the Project: The development program may include a future 25,000 sq ft office building located in the tax increment redevelopment district. The geographical boundaries of the district are not expected to change due to this development. D. Description of Property in the Tax Increment Financing District Based on discussions with the City Assessor, the replat to be filed for the tax increment district will be legally described as follows: Lot 1, Block 2, Outlot A, and Lots 1, 2, 3, 4, 5, Block 1, Construction Five Addition, Monticello, Minnesota A map revealing the location of the parcels within the project is provided on the following page. E. Classification of the Tax Increment Financing District The Monticello City Council and Housing and Redevelopment Authority in determining the need to create a tax increment financing district in in accordance with Minnesota Statutes, Section 273.71 -78 inclusive, find that the district to be established is a redevelopment district pursuant to Minnesota Statutes, Section 273.73, Subdivision 10(a)(3). Less than seventy percent of the parcels in the district are occupied by buildings, streets, utilities, or other improvements, but due to unusual terrain or soil deficiencies requiring substantial filling, grading, or other physical preparation for use at least 80 percent of the total acreage of such land has a fair market value upon inclusion in the redevelopment district which, when added to the estimated cost of preparing that land for development, excluding costs directly related to roads as defined in Minnesota Statutes, Section 160.01 and local improvements as described in Section 429.021, Subdivision 1, clauses 1 to 7, 11 and 12, and Section 430.01, if any, exceeds its anticipated fair market value after completion of said preparation; provided that no parcel shall be included within a redevelopment district unless the authority has concluded an agreement or agreements for the development of at least 50 percent of the acreage having the unusual soil or terrain deficiencies, which agreement provides recourse for the authority should the development not be completed. Since, of the parcels proposed to be placed into a tax increment district, less than seventy percent are occupied by buildings, streets, utilities, or other improvements, and the total acreage (80 percent or more) of the area has a fair market value when added to the estimated cost of preparing the land for use exceeds its anticipated fair market value after completion of the preparations, excluding costs directly related to roads and local improvements, and a development agreement for at least 50 percent of the acreage having the unusual soil deficiencies and including recourse for the City should the development not be completed, will have been concluded, prior to bond sale, the area qualifies as a redevelopment district. The description of the parcels that have been used to establish eligibility as a redevelopment district are described below. Lot 1, Block 2, Outlot A, and Lots 1, 2, 3, 4, 5, Block 1, Construction Five Addition, Monticello, Minnesota F. Parcels in Acquisition No parcels are scheduled to be acquired by the City at the present time. K G. Estimate of Costs The estimate of public costs associated with the tax increment financing redevelopment district are outlined in the following line item budget. BUDGET Street Construction $127,500 Sanitary Sewer & Watermain 116,500 Storm Sewer 57,300 Attorney Fees 7,600 Issuance Costs 15,190 Allowance for Discount 7,410 *Capitalized Interest 58,500 TOTAL $390,000 *The amount of capitalized interest will be equal to an amount sufficient to pay interest on the bonds from the date of issue until the date of collection of sufficient tax increment revenue to meet scheduled interest payments when due, but not exceeding 3 years as required by Minnesota Statutes, Chapter 475. Predicting capitalized interest prior to issuance is extremely difficult, as it is a function of interest rates, construction schedules, and tax timing; therefore, the above figure is only an estimate of capitalized interest and is subject to change. H. Estimated Amount of Loan /Bonded Indebtedness An estimate of the amount of bonded indebtedness is expected to be $390,000. The term of the issue is 20 years and the interest rate is expected to be 9 percent. The amount of two and one -half to three years capitalized interest is estimated to be $58,500. Debt service on the bond will be met through a combination of tax increment revenues, tax levies, and assessment income. 1. Sources of Revenue The majority of the public costs are to be paid with tax increment revenues in combination with a tax levy. The tax increment is generated as a result of the taxation of the land and improvements in the tax increment redevelopment district. Tax increment financing refers to a funding technique that utilizes increases in assessed valuation and the property taxes attributed to new development to finance or assist in the financing of public development costs. The 18 -unit facility is expected to be fully assessed beginning in 1986 at which time the development will generate an annual tax increment of $13,350 collectible in 1987. The tax increment estimate for 1987 is based upon the assumption that the 18 -unit apartment building is fully com feted in 1985 and fully assessed on January 2 1986. A partial assessment in 1986 will produce a partial tax increment payment in 1987. A like increment will be generated for collection in 1988. The 24 and 30 unit structures are expected to be fully completed in 1987, fully assessed beginning in 1988, at which time they will generate an annual tax increment of $17,600 and $22,760 respectively collectible in 1989. The combined increment for the three structures is $53,700. 3 J. Original Assessed Value Pursuant to Minnesota Statutes, Section 273.74, Subdivision 1 and Section 273.76, Subdivision 1, the Original Assessed Value (OAV) for the City of Monticello tax increment financing redevelopment district is based on the value placed on the property by the County Assessor in 1984. This assessed value is $13,960 based on the replat to be filed with the County. Each year the Office of the County Auditor will measure the amount of increase or decrease in the total assessed value of the tax increment redevelopment district to calculate the tax increment payable to the Monticello redevelopment district fund. In any year in which there is an increase in total assessed valuation in the tax increment redevelopment district above the adjusted original assessed value, a tax increment will be payable. In any year in which the total assessed valuation in the tax increment financing redevelopment district declines below the original assessed valuation, no assessed valuation will be captured'and no tax increment will be payable. The County Auditor shall certify in each year after the date the Original Assessed Value was certified, the amount the OAV has increased or decreased as a result of: 1. change in tax exempt status of property; 2. reduction or enlargement of the geographic boundaries of the district; 3. change due to stipulations, adjustments, negotiated or court- ordered abatements. K. Estimated Captured Assessed Value Pursuant to Minnesota Statutes, Section 273.74, Subdivision 1 and Minnesota Statutes, Section 273.76, Subdivision 2, the estimated Captured Assessed Value (CAV) of the tax increment financing redevelopment district will annually approximate $678,200. It is expected that the estimated $678,200 will be captured as a result of the improvements to be constructed by Construction Five. This amount will be captured for up to twenty -five years or until the project debt is retired. The Authority requests 100 percent of the available increase in assessed value for repayment of debt and current expenditures. L. Duration of the District Pursuant to Minnesota Statutes, Section 273.75, Subdivision 1, the duration of the tax increment district within the Redevelopment Project must be indicated within the finance plan. The duration of the tax increment district will be 25 years from the date of receipt of the first tax increment. Thus, it is estimated that the tax increment district, including any modifications to the finance plan for subsequent phases or other changes, would terminate twenty -five years from the collection of the first tax increment. 4 M. Estimated Impact on Other Taxing Jurisdictions The impact of the loss of tax dollars represented as tax increments is estimated below for each taxing jurisdiction. This estimate is based on the existing redevelopment proposals and does not include the possible tax increments derived from any other future development, mill changes, or inflation factors. Total Assessed Value Tax Increment Finance District 1/2/84 Total $18,840 Latest Assessed Value of Each Government Body: % of District to Total Wright County $ 358,798,000 .00005 School District #882 101,128,476 .0002 City of Monticello 79,954,554 .0002 Other 115,919,820 .0002 Considering all the districts, it can be seen from the above that the school, city, and county districts will have over 99% of each respective district available for normal growth of tax base or valuation. Applying the percentage of the total mill rate in 1986 levied by each taxing jurisdiction to the projected mill rate and the estimated tax increment received reveals the annual loss of tax dollars by each taxing jurisdiction as listed in the table below assuming development would occur without public assistance. The finance plan indicates we anticipate a tax increment at build out as follows: Tax Increment Finance District Captured Assessed Valuation $678,204 Estimated Tax Increment Received $53,700 Based on the current mill rate, the estimated taxes received would be as follows for the taxing bodies: The following table represents the additional mills that would have to be levied to compensate for the loss of tax dollars in estimated tax increments for each taxing jurisdiction. The tax increments derived 5 Mills Percent Tax Increment City 15.689 19.9 $10,686 County 20.308 25.6 13,747 School District #882 38.824 49.0 26,313 Other 4.360 5.5 2,954 Total 79.181 100.0% $53,700 The following table represents the additional mills that would have to be levied to compensate for the loss of tax dollars in estimated tax increments for each taxing jurisdiction. The tax increments derived 5 from the manufacturing facility and housing alluded to in the tax increment district would not be available to any of the taxing jurisdictions were it not for public intervention by the Authority. Although the increases in assessed value due to development will not be available for the application of the mill levy for the duration of the tax increment financing district, this new assessed value could eventually permit a mill levy decrease. If it could be assumed that the captured assessed value was available for each taxing jurisdiction, the non- receipt of tax dollars represented as tax increments may be determined. This determination is facilitated by estimating how much the mill levy for property outside of the tax increment financing district would have to be increased to raise the same amount of tax dollars in each taxing jurisdiction that would be available if the projects occurred without the assistance of the Authority. Adjusted* Required Tax Assessed Value Mills Increment School District 101,114,516 .260 $26,313 County 358,784,040 .038 13,747 City 79,940,594 .134 10,686 *Tax Increment District assessed valuation subtracted. N. Modifications of the Tax Increment Financing District In accordance with Minnesota Statutes, Section 273.74, Subdivision 4, any reduction or enlargement of the geographic area of the project or tax increment financing district, increase in amount of bonded indebtedness to be incurred, including a determination to capitalize interest on debt if that determination was not a part of the original plan, or to increase or decrease the amount of interest on the debt to be capitalized, increase in the portion of the captured assessed value to be retained by the Authority, increase in total estimated tax increment expenditures or designation of additional property to be acquired by the authority shall be approved upon the notice and after the discussion, public hearing and findings required for approval of the original plan. The geographic area of a tax increment financing district may be reduced, but shall not be enlarged after five years following the date of certification of the original assessed value by the county auditor. The tax increment financing redevelopment district may therefore be expanded until 1990. O. Limitation on Administrative Expenses In accordance with Minnesota Statutes, Section 273.73, Subdivision 13 and Minnesota Statutes, Section 273.75, Subdivision 3, administrative expenses means all expenditures of an authority other than amounts paid for the purchase of land or amounts paid to contractors or others providing materials and services, including architectural and engineering services, directly connected with the physical development of the real property in the district, relocation benefits paid to or services provided for persons residing or businesses located in the district or amounts used to pay interest on, fund a reserve for, or sell at a discount bonds issued pursuant to Section 273.77. Administrative expenses includes amounts paid for services provided by bond 6 counsel, fiscal consultants, and planning or economic development consultants. No tax increment shall be used to pay any administrative expenses for a project which exceed ten percent of the total tax increment expenditures authorized by the tax increment financing plan or the total tax increment expenditures for the project, whichever is less. P. Limitation on Duration of Tax Increment Financing Districts Pursuant to Minnesota Statutes, Section 273.75, Subdivision 1, "no tax increment shall be paid to an authority three years from the date of certification by the County Auditor unless within the three -year period (1) bonds have been issued pursuant to Section 273.77 or in aid of a project pursuant to any other law, except revenue bonds issued pursuant to Chapter 474, prior to the effective date of the Act; or (2) the authority has acquired property within the district; or (3) the authority has constructed or caused to be constructed public improvements within the district ... " The City or Authority must therefore issue bonds, or acquire property, or construct or cause public improvements to be constructed by 1988 or the Office of the County Auditor may dissolve the tax increment financing district. Q. Limitation on Qualification of Property in Tax Increment District Not Subject to Improvement Pursuant to Minnesota Statutes Section 273.75, Subdivision 6, "if, after four years from the d cer�tion of the original assessed value of the tax increment financing district ..., no demolition, rehabilitation or renovation of a parcel or other site preparation including improvement of a street adjacent to a property but not installation of utility service including sewer or water systems, has been commenced on a parcel located within a tax increment financing district by the authority or by the owner of the parcel in accordance with the tax increment financing plan, no additional tax increment may be taken from that parcel and the original assessed value of that parcel shall be excluded from the original assessed value of the tax increment financing district. If the authority or the owner of the parcel subsequently commences demolition, rehabilitation or renovation or other site preparation on that parcel including improvement of a street adjacent to that parcel, in accordance with the tax increment financing plan, the authority shall certify to the county auditor in the annual disclosure report that the activity has commenced. The county auditor shall certify the assessed value thereof as most recently certified by the commissioner of revenue and add it to the original assessed value of the tax increment financing district. R. Limitation on the Use of Tax Increment All revenues derived from tax increment shall be used in accordance with the tax increment financing plan. The revenues shall be used to finance or otherwise pay public redevelopment costs pursuant to Minnesota Statutes, Chapter 472A. These revenues shall not be used to circumvent existing levy limit law. No revenues derived from tax increment shall be used for the construction or renovation of a municipally owned building used primarily and regularly for conducting the business of the municipality; this provision shall not prohibit the use of revenues derived from tax increments for the 7 construction or renovation of a parking structure, a commons area used as a public park or a -facility used for social, recreational or conference purposes and not primarily for conducting the business of the municipality. S. Notification of Prior Planned Improvements Pursuant to Minnesota Statutes Section 273.76, Subdivision 4, the Authority has reviewed and searched the properties to be included in the tax increment financing redevelopment district and found no properties for which building permits have been issued during the 18 months immediately preceding approval of the tax increment financing plan by the city. If the building permit had been issued within the 18 month period preceding approval of the tax increment financing plan by the city, the county auditor shall increase the original assessed value of the district by the assessed valuation of the improvements for which the building permit was issued, excluding the assessed valuation of improvements for which a building permit was issued during the three month period immediately preceding said approval of the tax increment financing plan, as certified by the assessor. T. Excess Tax Increments Pursuant to Minnesota Statutes, Section 273.75, Subdivision 2, in any year in which the tax increment exceeds the amount necessary to pay the costs authorized by the tax increment plan, including the amount necessary to cancel any tax levy as provided in Minnesota Statutes, Section 475.61, Subdivision 3, the Authority shall use the excess amount to: 1. prepay the outstanding bonds; 2. discharge the pledge of tax increment therefore; 3. pay into an escrow account dedicated to the payment of such bond; 4. repay any loans including interest on these loans; or 5. return the excess to the County Auditor for redistribution to the respective taxing jurisdictions in proportion to their mill rate. U. Requirement for Agreements with the Developer Pursuant to Minnesota Statutes Section 273.75, Subdivision 5, no more that 25 percent by acreage of the property to be acquired by the Authority within a project which contains a in the redevelopment district shall be owned by the Authority as a result of acquisition with the proceeds of bonds issued pursuant to Section 273.77 without the Authority having prior to acquisition in excess of 25 percent of the acreage, concluded an agreement for the development of the property acquired and which provides recourse for the Authority should the development not be completed. See Section E for the development agreement requirement due to soil deficiencies. V. Assessment Agreements Pursuant to Minnesota Statutes Section 273.76, Subdivision 8, the Authority may, upon entering into a development agreement pursuant to Minnesota Statutes Section 273.75, Subdivision 5, enter into an agreement in recordable form- with the developer of property within the tax increment financing district which establishes a minimum market value of the land and completed improvements for the duration of the tax increment redevelopment district. The assessment agreement shall be presented to the county assessor who shall review the plans and specifications for the improvements to be constructed, review the market value previously assigned to the land upon which the improvements are to be constructed and so long as the minimum market value contained in the assessment agreement appears in the judgment of the assessor, to be a reasonable estimate, the assessor may certify the minimum market value agreement. W. Administration of the Tax Increment Financing Redevelopment District and Maintenance of the Tax Increment Account Administration of the tax increment financing redevelopment district will be handled by the Executive Director of the Authority and the Office of the City Administrator. The tax increment received as a result of increases in the assessed value of the tax increment financing redevelopment district will be maintained in a special account separate from all other municipal accounts and expended only upon sanctioned municipal activities identified in the finance plan. X. Annual Disclosure Requirements Pursuant to Minnesota Statutes, Section 273.74, Subdivision 5, an authority must file an annual disclosure report for all tax increment financing districts. The report shall be filed with the school board, county board and the Minnesota Department of Energy and Economic Development. The report shall include the following information: 1. The amount and source of revenue in the account; 2. The amount and purpose of expenditures from the account; 3. The amount of any pledge of revenues, including principal and interest on any outstanding bonded indebtedness; 4. The original assessed value of the district; 5. The captured assessed value retained by the authority; 6. The captured assessed value shared with other taxing districts; 7. The tax increment received. The annual disclosure report is designed to be a two -way medium of information dissemination for both the Office of the County Auditor and the Authority. Should the auditor want additional information from the Authority regarding its tax increment financing activities, such information should be requested prior to submission of the annual disclosure report by the Authority. Similarly, the city council may utilize the annual disclosure k report as a means for requesting information from the Office of the County Auditor. Additionally, the Authority must annually publish a statement in a newspaper of general circulation in the municipality showing the tax increment received and expended in that year, the original assessed value, the captured assessed value, amount of outstanding 'bonded indebtedness and any additional information the city deems necessary. Y. Assumptions It was necessary to make certain assumptions regarding income, costs and timing of the tax increment redevelopment district. These assumption are based on discussions with Authority, County, and fiscal consultant staff. Z. Municipal Findings Pursuant to ,Minnesota Statutes, Section 273.74, Subdivision 3, before or at the time of approval of the tax increment financing plan, the municipality shall make the following findings and shall set forth in writing the reasons and supporting facts for each determination: 1. The proposed development or redevelopment, in the opinion of the city, would not reasonably be expected to occur solely through private investment within the reasonably foreseeable future and, therefore, the use of tax increment financing is deemed necessary since Construction Five could not economically construct the present facility without the provision of the necessary public improvements to the site and without the use of tax increments to assist with the financing of these public improvements, the developer would not have constructed the apartment building and manufacturing facility in the City; and 2. The tax increment financing plan will afford maximum opportunity, consistent with the sound needs of the City as a whole, for the development by private enterprise as it will enable the City to provide the necessary public improvements for development; thereby encouraging redevelopment in the area. 3. The tax increment financing plan conforms to the general plan for the development of the city as a whole as it will result in construction of an apartment building and a manufacturing facility which will provide needed housing, create new jobs and increase the tax base of the City. 4. The tax increment district to be established is a redevelopment district pursuant to Minnesota Statutes, Section 273.73, Subdivision 10(a)(3) in which the coffin �€ ons- esc�ribed in Section E of this plan exist. 10 c 0 Iz u O O L. C ! � t; ffil I - . O 'Z11 � r . • �� ij y #�yi# F f i+ ■�1' ' H Y i 1 e i . � � � obi: f �� fii :�. F,• f 1J■ J7 ■N* O #A f L a. t iR f i r: k L T i L 'J Y � s fb X11 �{�� r�� i. � J• �� 1, ��- - F1 �Y OPP f ~ + r �4 � EDA Agenda - 10/10/12 7. Consideration of an update rmardin2 TIF Housing District Increment. (AS) A. REFERENCE AND BACKGROUND As the EDA is aware, obligations under TIF District 1 -19 (Mississippi Shores) have been met, and the EDA had initially considered decertifying the district. However, the district has remaining excess increment available for use and the district is not required to be decertified until 2023. TIF District 1 -19 is a housing district, along with Districts 1 -20 (Prairie West), 1 -24 (Church of St. Henry) and 1 -29 (Front Porch). During a recent staff meeting with Northland Securities, staff discussed potential options for the use of existing increment within these districts. Northland indicated that some, if not all, of these housing districts will continue to generate increment beyond their obligation notes until the time of their required decertification. Northland has discussed the possible uses of increment within these districts with EDA attorney Kennedy & Graven, and has prepared a memo regarding their findings. Among the possible uses is the direction of the increment to another housing project (meeting the same TIF standards of use), such as that recently proposed by Podawiltz Development for Autumn Ridge. A representative from Northland Securities will be present during the October regular meeting to review the memo and answer the EDA's questions regarding use opportunities. B. ALTERNATIVE ACTIONS No action is necessary at this time. C. STAFF RECOMMENDATION Not applicable. D. SUPPORTING DATA A. Memo — Pooling for Housing, Northland Securities Z: MEMORANDUM To: City of Monticello NORTHLAND STRATEGIES Special Projects Group From: Rusty Fifield and Tammy Omdal Date: September 12, 2012 Re: Pooling for Housing The City has requested additional information on the management strategies included in the 2012 Updated Tax Increment Financing Plan Analysis and Management Plan (the "TIF Management Plan') prepared by Northland. Specifically, the City is interested in authority for pooling for housing. We have categorized the City's authority under housing TIF districts, non - housing TIF districts, and expanded pooling for foreclosed housing. For easy reference, at the end of this memorandum we have included information on the criteria for establishment of a housing TIF district and a summary of the portions of the TIF Act related to pooling for housing Housing TIF Districts For housing TIF districts, tax increments can be spent on projects that meet the criteria for establishing a housing TIF district (The criteria are described later in this memo). The practical application of this authority includes: • The use of tax increment is not limited by pooling restrictions or the five -year rule. • The tax increment can be spent on activities outside of the TIF district, but within the Central Monticello Project Area. • This authority does not extend the maximum statutory duration of a TIF district. • The tax increment must be used solely to finance the cost of the "housing project" as defined by the statute. The cost of public improvements directly related to the housing project and the allocated administrative expenses of the city may be included in the cost of a housing project. • No more than 20% of the square footage of buildings that receive TIF assistance may consist of commercial, retail, or other nonresidential uses. Options for Housing TIF Districts The City has four housing TIF districts (TIF 1- 19,1- 24,1 -29, and 1 -30). Each of these districts had outstanding obligations as of December 31, 2011. (The outstanding obligation for TIF 1 -19 ended with the termination of a developer note effective 2/1/2012.) TIF law requires that a district be decertified after its obligations are satisfied, with limited exception. A plan for the use of this pooling authority could create an obligation to avoid decertification. Northland Securities, Inc. 45 South 7th Street, Suite 2000, Minneapolis, MN 55402 Main: (612) 851 -5900 / Direct (612) 851 -4992 / Email: rfifield @northlandsecurities.com Member FINRA and SIPC Pooling for Housing September 12, 2012 Page 2 The TIF Management Plan provides information by district on fund balance and estimated balance at the end of TIF district life. A summary of district information from the TIF Management Plan is provided as an attachment to this memorandum. Potential applications of this authority include: • Individual housing projects avoiding the need for a new TIF district. • Supplementing the revenues of another housing TIF district. • Assistance for the renovation of existing housing. • Acquisition of land for housing. • Assistance to make public improvements more affordable. We look forward to working with you to explore applications in Monticello. Non - Housing TIF Districts For all other types of TIF district, the amount of expenditure is limited to an additional 10% in the regular pooling limitations. The qualified uses are different from housing districts. To qualify for the 10% pooling increase, the expenditure must: 1. Be used exclusively to assist housing that meets the requirement for a qualified low- income building, as that term is defined in Internal Revenue Code (IRC). 2. Not exceed the qualified basis of the housing, as defined under IRC, less the amount of any credit allowed under IRC. 3. Be used to acquire and prepare the site of the housing; acquire, construct, or rehabilitate the housing; or make public improvements directly related to the housing. 4. Be used to develop housing if the market value of the housing does not exceed the lesser of: 150 percent of the average market value of single - family homes in that municipality; or $200,000 for municipalities located in the metropolitan area, as defined in the TIF Act, or $125,000 for all other municipalities; and if the expenditures are used to pay the cost of site acquisition, relocation, demolition of existing structures, site preparation, and pollution abatement on one or more parcels, if the parcel contains a residence containing one to four family dwelling units that has been vacant for six or more months and is in foreclosure as defined Statutes, but without regard to whether the residence is the owner's principal residence, and only after the redemption period stated in the notice provided under Statute has expired. The expenditures may be for activities outside of the Project Area. Options for Non Housing TIF Districts The potential uses of this authority are the same as those listed for hosing TIF districts. A critical Imitation is the requirement to use the tax increments solely for expenditures related to qualifying housing for low /moderate income persons. Determination of the funding capacity requires analysis of the other expenditures subject to pooling limitations. Pooling for Housing September 12, 2012 Page 3 The City could act to pool available tax increment from its existing non - housing TIF districts for the purpose of housing, subject to regular pooling limitations for a district plus an additional 10 %. The TIF plan for a district must include a specific provision for the additional 10% pooling. If the TIF plan for a district does not include this pooling provision for housing, the City could act to administratively amend (without notice and hearing) the TIF Plan provided the district has existing obligations outstanding. The City may not amend a TIF Plan for a district after obligations are satisfied and decertification is required. If an amendment to the budget in the TIF Plan is required to provide for the additional expenditure on housing, the City may approve modifications only upon the notice and hearing. The first step to proceed under this option is for the City to review the TIF Plans for non - housing districts with projected available tax increment balances to determine whether the expanded pooling authority for housing exists and determine whether the current budget in the TIF Plan is sufficient to cover the additional expenditure on housing. Expanded Pooling for Foreclosed Housing The ability to spend tax increments outside a TIF district (Section 469.1763, Subd. 2) allows for a 10% increase in the general limitation for certain types of housing.' The 2011 Amendments expanded this authority. The expanded poling authority may be used to develop housing under the following criteria: The parcel contains a residence containing one to four family dwelling units that has been vacant for six or more months and is in foreclosure as defined in section 325N.10, subdivision 7, but without regard to whether the residence is the owner's principal residence, and only after the redemption period stated in the notice provided under section 580.06 has expired. 2. The market value of the housing does not exceed the lesser of 150% of the average market value of single - family homes in that municipality or $200,000 for municipalities located in the metropolitan area, as defined in section 473.121, or $125,000 for all other municipalities. 3. The tax increments are used to pay the cost of site acquisition, relocation, demolition of existing structures, site preparation, and pollution abatement on one or more parcels. ' (d) The authority may elect, in the tax increment financing plan for the district, to increase by up to ten percentage points the permitted amount of expenditures for activities located outside the geographic area of the district under paragraph (a). As permitted by section 469.176, subdivision 4k, the expenditures, including the permitted expenditures under paragraph (a), need not be made within the geographic area of the project. Expenditures that meet the requirements of this paragraph are legally permitted expenditures of the district, notwithstanding section 469.176, subdivisions 4b, 4c, and 4j. To qualify for the increase under this paragraph, the expenditures must: (1) be used exclusively to assist housing that meets the requirement for a qualified low- income building, as that term is used in section 42 of the Internal Revenue Code; (2) not exceed the qualified basis of the housing, as defined under section 42(c) of the Internal Revenue Code, less the amount of any credit allowed under section 42 of the Internal Revenue Code; and (3) be used to: (i) acquire and prepare the site of the housing; (ii) acquire, construct, or rehabilitate the housing; or (iii) make public improvements directly related to the housing. Pooling for Housing September 12, 2012 Page 4 This authority under expires on December 31, 2016. Increments may continue to be expended under this authority after that date, if they are used to pay bonds or binding contracts that would qualify under subdivision 3, paragraph (a), if December 31, 2016, is considered to be the last date of the five - year period after certification under that provision. This authority is effective for any district that is subject to the provisions of section 469.1763, regardless of when the request for certification of the district was made. Options for Expanded pooling for Foreclosed Housing The City may wish to consider how the expanded authority may be applicable to Monticello. If so, then additional review of application to select existing districts should be undertaken. Criteria for Housing TIF Districts The statutes governing the use of TIF define a housing district consisting of a project, or a portion of a project, intended for occupancy, in part, by persons or families of low and moderate income (Minnesota Statutes, Section 469.174, Subd. 11). The requirements for the establishment of a housing TIF district are contained in Minnesota Statutes, Section 469.1761. The primary criteria are income related. The criteria are different for owned and rental housing. For owner occupied property, 95% of the housing units must be initially purchased and occupied by individuals whose family income is less than or equal to the income requirements for qualified mortgage bond projects under section 143(f) of the Internal Revenue Code. For households of one or two people, the threshold under the IRS Code is 100% of the greater of the area median gross income or the statewide median gross income. For larger households, the threshold is 115% of the median income. The income requirements for rental housing are tied to section 142(d) of the Internal Revenue Code. There are two options for income restrictions: (1) 20% or more of the residential units are occupied by individuals whose income is 50% or less of area median gross income, or (2) 40% or more of the residential units are occupied by individuals whose income is 60% or less of area median gross income. While the owned housing test applies to the initial purchase, the rental requirements apply for the duration of the tax increment financing district. Portions of TIF Act Related to Pooling for Housing 4691763, Subd. 3. Five-year rule. (a) Revenues derived from tax increments are considered to have been expended on an activity within the district under subdivision 2 only if one of the following occurs: (5) expenditures are made for housing purposes as permitted by subdivision 2, paragraphs (b) and (d). 4691763, Subd. 2. Expenditures outside district. (b) In the case of a housing district, a housing project, as defined in section 469.174, subdivision 11, is an activity in the district. Pooling for Housing September 12, 2012 Page 5 (d) The authority may elect, in the tax increment financing plan for the district, to increase by up to ten percentage points the permitted amount of expenditures for activities located outside the geographic area of the district under paragraph (a). As permitted by section 469.176, subdivision 4k, the expenditures, including the permitted expenditures under paragraph (a), need not be made within the geographic area of the project. Expenditures that meet the requirements of this paragraph are legally permitted expenditures of the district, notwithstanding section 469.176, subdivisions 4b, 4c, and 4j. To qualify for the increase under this paragraph, the expenditures must: (1) be used exclusively to assist housing that meets the requirement for a qualified low- income building, as that term is used in section 42 of the Internal Revenue Code; (2) not exceed the qualified basis of the housing, as defined under section 42(c) of the Internal Revenue Code, less the amount of any credit allowed under section 42 of the Internal Revenue Code; and (3) be used to: (i) acquire and prepare the site of the housing; (ii) acquire, construct, or rehabilitate the housing; or (iii) make public improvements directly related to the housing. (4) be used to develop housing:2 (i) if the market value of the housing does not exceed the lesser of: (A) 150 percent of the average market value of single - family homes in that municipality; or (B) $200,000 for municipalities located in the metropolitan area, as defined in section 473.121, or $125,000 for all other municipalities; and (ii) if the expenditures are used to pay the cost of site acquisition, relocation, demolition of existing structures, site preparation, and pollution abatement on one or more parcels, if the parcel contains a residence containing one to four family dwelling units that has been vacant for six or more months and is in foreclosure as defined in section 325N.10, subdivision 7, but without regard to whether the residence is the owner's principal residence, and only after the redemption period stated in the notice provided under section 580.06 has expired.3 469174, Subd.11. Housing district. "Housing district" means a type of tax increment financing district which consists of a project, or a portion of a project, intended for occupancy, in part, by persons or families of low and moderate income, as defined in chapter 462A, Title II of the National Housing Act of 1934, the National Housing Act of 1959, the United States Housing Act of 1937, as amended, Title V of the Housing Act of 1949, as amended, any other similar present or future federal, state, or municipal legislation, or the regulations promulgated under any of those acts, and that satisfies the requirements of section 469.1761. Housing project means a project, or a portion of a project, that meets all of the qualifications of a housing district under this subdivision, whether or not actually established as a housing district. 2 Added MN Laws 2011, Chapter 112. This section is effective for any district that is subject to the provisions of section 469.1763, regardless of when the request for certification of the district was made. 3 Also see time restrictions in paragraph (f). Pooling for Housing September 12, 2012 Page 6 469176, Subd. 4k Assisting housing outside project area. Notwithstanding the definition of a project under section 469.174, increments may be spent to assist housing that meets the requirements under section 469.1763, subdivision 2, paragraph (d), regardless of whether the housing is located within the boundaries of the project area. 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V CO N O N N ^ v m i U1 � Z Ln Ln +-� C , N N N O r-4 N N M O M +� > Ln Ln Ln Ln N V � V � C O i 2 O 2 \ \ � \ 00 \ W \ W N m v} Imo v} , W ,i E V V N - - O O N N N N N � C t O O J N w N w � 0 O O O ;i: O V 6 v w v w u w vii Ul � J vii Ul N N J 7u- Z) U 3: V � 6 U V -6 Ul Ul OC V C O -O C C (6 m N -0 Ul OC V C O -O C C (6 C L ¢ '^ Ul E Y f5 m � m Y N (6 m F m L O +� 7 Z O 'O - O Y � ro w -c '6 7 E z N O •� 'O - E O C ro w -c C N W `� j `� OD j O -6 7. Z v .- V w U1 w O i i ++ Z) LL 7. Z v .- V w U1 w O i i +� 7 W ai ro ro W ro ro W + O Z U U Z L u U U >- V Ln a U U Z L i U U V Ln o EDA Agenda — 10/10/12 8. Consideration to review and approve the EDA General Fund budget for 2013. (WO /JO) A. REFERENCE AND BACKGROUND Included for the EDA's reference are revised financial documents relating to the 2013 EDA budget. As the EDA is aware via its September discussion, the EDA has previously utilized two primary funding sources for its activities - the EDA General Fund and the Economic Development line item of the City's General Fund. The EDA General Fund includes "sub - funds" for each of the EDA's TIF Districts, as well as a sub -fund title "EDA General ", which is where other economic development expenses, including the 25% Economic Development Director salary and miscellaneous marketing expenses, has been allocated. In addition to the EDA General Fund, the City's General Fund also included amount for staffing, administrative expenses, marketing and other expenses. Due to the current absence of a consistent source of funds necessary to replenish the EDA General fund it is the recommendation of the City Administrator and Finance Director that going forward, the City Council continue to fund an amount for Economic Development out of its General Fund levy, which will then be allocated into the EDA General Fund. It will be placed in the "General EDA" sub -fund of the EDA General Fund. In short, funding the marketing, staffing and other such activities through an annual allocation by the City Council. Additionally, a TIF administration sub -fund was set -up to accommodate yet -to- be- allocated TIF administration costs. This concept would call for the EDA presenting a budget request to the City Council in July for funds needed to accomplish its work -plan during the following year. The budget request would include goals for the following year, a work plan and budget line items needed for funding in order to accomplish the work plan. This process would result in close alignment of goals of both bodies and provide a funding source for Economic Development/EDA activities. In addition to funding available from City Council allocations, the EDA will also have the ability to review the performance of its TIF Districts and identify how TIF dollars can be applied to promote economic development. Planning studies, a portion of staff salaries and other expenses are eligible for funding via TIF admin funds. It is suggested that the annual budget setting process noted above also include identification of projects or activities that could be funded via TIF Admin funds thus reducing reliance on the City's General Fund. The Finance Director will provide a detailed overview of the budget documents provided and this proposal during the meeting. It should be noted that an Economic Development position remains funded for 2013 under the current budgeting proposal. B. ALTERNATIVE ACTIONS To be determined. C. STAFF RECOMMENDATION See above. D. SUPPORTING DATA A. Tax Increment District Budget Detail B. 2013 EDA General Fund, with "Sub- Fund" Detail C. Schedule of TIF Administration D. GMEF Loan Summary 2 EDA Consolidated SPECIAL REVENUE FUNDS 2008 2009 2010 2011 2012 2012 2013 % ACCOUNT NUMBER EDA FUND ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE 213 - 00000 - 310110 CURRENT AD VALOREM TAXES $0 $0 $0 $0 $0 $0 - 213- 00000 - 310210 DELINQUENT AD VALOREM TAX 56 27 0 0 0 0 - 213- 00000 - 310310 MOBILE HOME TAX 5 6 0 0 0 0 - 213- 46502- 310500 TIF #2 - METCALF & LARSON 47,656 30,232 37,619 0 0 0 - 213- 46505- 310500 TIF #5 - CONSTRUCTION 5 59,697 55,467 54,362 49,007 52,687 52,687 0 - 100.0% 213 - 46506- 310500 TIF #6 - RAINDANCE 42,322 49,140 75,145 77,583 77,580 83,228 83,528 7.79% 213 - 46519- 310500 TIF #19 -MISSISSIPPI SHORES 36,240 33,292 32,457 32,687 32,500 33,299 33,299 2.59/. 213 - 46520- 310500 TIF #20 - PRAIRIE WEST 23,885 23,936 21,945 21,201 20,500 18,413 18,413 -10.29% 213 - 46522- 310500 TIF #22 -CCD/DOWNTOWN 367,368 348,367 362,053 325,380 295,085 314,648 78,624 -73.4% 213 - 46523- 310500 TIF #23 - MIDWEST GRAPHICS 0 0 0 0 0 0 - 213- 46524- 310500 TIF #24 - ST BEN'S CENTER 50,134 53,860 48,158 47,023 47,020 48,873 48,873 3.9% 213 - 46526- 310500 TIF #26 - TWIN CITY DIE CAST 42,148 42,363 0 0 0 0 - 213- 46527- 310500 TIF #27 -JJ CO /PROFILE PW 0 0 0 0 0 0 - 213- 46528- 310500 TIF #28 -IRTI 11,903 11,964 0 0 0 0 - 213- 46529- 310500 TIF #29 - FRONT PORCH 30,495 29,851 26,164 28,206 24,128 25,462 25,462 5.5% 213 - 46530- 310500 TIF #30 -CMHP 12,048 12,167 10,982 11,338 8,950 7,717 7,717 -13.8% 213 - 46531- 310500 TIF #31 - U.M.C. 79,587 79,994 79,407 82,280 0 0 - 213- 46533- 310500 TIF #33 - TAPPER'S HOLDINGS 24,263 24,387 0 0 0 0 - 213- 46534- 310500 TIF #34 -194 INTERCHANGE 254,178 293,060 301,517 269,290 269,300 279,177 279,177 3.79/. 213 - 46536- 310500 TIF #36 - DAHLHEIMER DIST 67,156 67,516 68,185 68,185 68,185 68,858 68,858 1.0% 213 - 46537- 310500 TIF #37 - KARLSBURGER FOODS 23,306 24,787 24,787 24,787 24,787 24,639 24,639 -0.6 213 - 46538- 310500 TIF #38 -WALKER IN -STORE 0 12,604 12,604 13,596 13,595 12,650 12,650 -7.0% 213 - 46581- 310500 TIF 22.5 -CCD /AMOCO o 01 0 0 0 - 213- 00000 - 319100 PENALTIES &INT - TAX 0 1 0 0 0 0 - 213- 00000 - 334020 HOMESTEAD CREDIT 9,231 9,219 9,818 0 0 0 - 213- 46500- 341090 INITIATION /APPLICATION FEE 15,875 5,000 0 0 2,000 0 - 100.0% 213 - 00000 - 362110 INTEREST EARNINGS 95,746 112,219 129,768 277,474 117,092 115,000 63,000 -46.2% 213 - 00000 - 362400 SALE OF PROPERTY 75,094 62,496 67,569 72,615 0 0 - 213- 00000 - 362990 OTHER MISCELLANEOUS REV 300 39,036 34,107 37,253 0 0 - 213- 46621- 362150 INT EARNINGS - TAPPERS #021 789 636 478 316 149 150 100 -32.9% 213 - 46622- 362150 INT EARNINGS -UMC #022 609 0 1,917 0 0 0 - 213- 46623- 362150 INT EARNINGS- WSI IND #023 5,575 5,855 5,614 2,267 0 0 - 213- 46624- 362150 INT EARNINGS - TAPPER'S #024 6,357 6,088 5,792 5,504 5,205 6,000 5,000 -3.99/. 213 - 46625- 362150 INT EARNINGS- KARLSBURGER #025 11,821 10,333 10,710 10,075 2,415 4,000 2,500 3.59/. 213 - 46626- 362150 INT EARNINGS - HOGLUND #026 0 0 1,917 5,421 3,907 4,000 4,000 2.49/. 213 - 46627- 362150 INT EARNINGS -PET HOSPITAL #027 0 0 0 0 1,272 1,400 1,200 -5.7% 213 - 46500- 362200 TIF LOAN REPAYMENT - PRIN 0 17,049 16,540 13,928 11,938 203,022 9,900 -17.1% 213 - 46500- 362220 TIF LOAN REPAYMENT- INT 0 7,577 6,511 5,474 4,904 4,904 4,400 -10.39% 213 - 00000 - 392000 TRANSFERS FROM OTHER FDS 20,702 2,302,832 5,301 0 0 0 80,000 - TOTAL REVENUES $1,414,546 $3,771,361 $1,451,427 $1,480,890 $1,083,199 $1,308,127 $851,340 -21.4% EDA Budget- 1 EDA Budget - 2 SPECIAL REVENUE FUND 2008 2009 2010 2011 2012 2012 2013 % EDA (Consolidated) EDA /HRA ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE 213 - 46301 - 410100 SALARIES, FULL TIME - REG $10,466 $624 $18,229 $18,214 $16,190 $16,190 $51,785 219.86% 213 - 46301 - 410200 SALARIES, FULL TIME - OT 0 0 0 0 0 0 0 213 - 46301 - 410400 SALARIES, TEMPORARY - REG 0 0 0 0 0 0 0 - -- 213- 46301 - 410900 SALARIES, OTHER 243 296 570 0 0 0 0 213 - 46301- 411100 SEVERANCE PAY 5,388 0 0 0 500 500 0 - 100.00% 213 - 46301- 412100 PERA CONTRIBUTIONS 696 62 1,317 1,320 1,210 1,210 3,754 210.24% 213 - 46301- 412200 FICA CONTRIBUTIONS 731 56 1,098 11091 1,035 1,035 3,210 210.21% 213 - 46301- 412300 MEDICARE CONTRIBUTIONS 171 13 257 255 242 242 751 210.32% 213 - 46301- 413100 HEALTH /DENTAL/LIFE INSURAN 1,280 0 4,202 4,984 4,358 4,358 6,500 49.15% 213 - 46301- 413500 FLEX BENEFITS 9 0 0 0 25 25 0 - 100.00% 213 - 46301- 421990 GENERAL OPERATING SUPPLIE! 288 0 0 0 0 0 0 - -- 213- 46301- 422990 MISC REPAIR B MTC SUPPLIES 0 0 0 0 0 0 0 213 - 46301- 424100 SMALL TOOLS B EQUIPMENT 0 0 0 0 0 0 0 - -- 213- 46301- 430260 PROF SRV - CONSTRUCTION CC 1,728 96 0 0 0 0 0 213 - 46301- 430300 PROF SRV - ENGINEERING FEE 13,614 214 4,438 11,267 3,000 3,000 0 - 100.00% 213 - 46301- 430400 PROF SRV - LEGAL FEES 2,846 6,304 16,987 16,467 10,000 23,541 10,500 5.00% 213 - 46301- 430910 PROF SRV - SOFTWARE/PRGRM 0 0 0 0 0 0 0 - -- 213- 46301- 431990 MISC PROFESSIONAL SERVICES 25,476 7,366 145,170 91,700 10,000 77,143 13,473 34.73% 213 - 46301- 432400 DELIVERY MAIL SERVICE (UPS 0 132 102 1,331 0 0 0 - -- 213- 46301- 433100 TRAVEL EXPENSE 0 0 2,203 0 2,000 2,000 0 - 100.00% 213 - 46301- 433200 CONFERENCE&SCHOOLS 0 0 245 154 11000 11000 0 - 100.00% 213 - 46301 - 434600 MARKETING 19,112 3,722 16,181 17,338 20,000 20,000 17,000 - 15.00% 213 - 46301- 435100 LEGAL NOTICE PUBLICATION 817 547 843 2,067 775 652 228 - 70.58% 213 - 46301- 435200 GENERAL PUBLIC INFORMATION 0 0 0 4,998 3,000 3,000 0 - 100.00% 213 - 46301- 437100 PROPERTY TAXES 18,746 0 1,860 2,131 0 3,015 0 - -- 213- 46301- 437300 DECERTIFICATION REIMB 0 0 0 0 0 0 0 213 - 46301- 438200 WATER B SEWER 0 0 0 0 0 0 0 - -- 213- 46301- 438300 GAS 0 4,264 0 0 0 0 0 213 - 46301 - 443300 DUES, MEMBERSHIP BSUBSCRI 0 0 7,906 10,769 10,000 10,000 10,000 0.00% 213 - 46301 - 443500 BOOKS B PAMPHLETS 0 0 0 0 200 200 0 - 100.00% 213 - 46301 - 443800 PUB WKS /ADMIN & INSP FEES 1,406 311 0 0 0 0 0 - -- 213- 46301 - 443990 MISC OTHER EXPENSE 52 5,665 2,180 464,944 7,000 10,476 7,000 0.00% 213 - 46301 - 451010 LAND 104,925 0 0 0 0 941,084 0 - -- 213- 46301- 453010 IMPROVEMENTS 0 15,088 0 0 20,000 20,000 0 - 100.00% 213 - 46301- 452010 BUILDINGS 0 0 0 0 0 0 0 - -- 213- 46301- 456010 FURNITURE B FIXTURES 0 0 0 0 0 0 0 - -- 213- 46301- 460300 DEBT SRV PRINC -OTTER CREEV 174,649 608,141 16,540 13,929 55,928 51,691 58,048 3.79% 213 - 46301 - 460500 SA PRIN PYBL -LAND FOR RESA 0 0 0 0 0 0 0 - -- 213- 46301- 461300 DEBT SRV INT -OTTER CREEK 63,156 38,613 6,511 5,474 22,689 30,002 23,877 5.24% 213 - 46301 - 461500 SA INT PYBL -LAND FOR RESAL 0 0 0 0 0 0 0 - -- 213- 46301- 462010 FISCAL AGENT FEES 0 0 0 0 0 0 0 - -- 213- 46301- 465010 TIF LOAN 32,334 21,656 0 0 0 0 0 - -- 213- 46301- 465110 TIF PAYBACK INSTALLMENTS 136,968 509,239 572,352 415,057 259,752 224,254 206,540 - 20.49% 213 - 46301- 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 0 0 - -- 213- 00000 - 472030 TRANSFER TO GENERAL FUND 0 0 0 0 0 0 0 213 - 00000 - 472030 TRANSFER TO OTHER FUNDS 0 0 356,179 0 0 378,680 0 - -- 213- 00000 - 472030 TRANSFER TO DEBT SERVICE F 468,767 363,712 317,277 316,279 320,584 320,584 319,403 -0.37% 213 - 00000 - 472030 TRANSFER OUT - TRUNK FEES 0 0 0 0 0 0 0 TOTAL EXPENDITURES $1,083,868 $1,586,121 $1,492,647 $1,399,769 $769,488 $2,143,882 $732,069 -4.86% EDA FUND 2008 2009 2010 2011 2012 2012 2013 % EDA General EDA /HRA ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE 213 - 46301- 410100 SALARIES, FULL TIME - REG $10,466 $624 $18,229 $18,214 $16,190 $16,190 $16,972 4.83% 213 - 46301- 410200 SALARIES, FULL TIME - OT 0 0 0 0 0 0 0 213 - 46301- 410400 SALARIES, TEMPORARY - REG 0 0 0 0 0 0 0 - -- 213- 46301- 410900 SALARIES, OTHER 243 296 570 0 0 0 0 - -- 213- 46301- 411100 SEVERANCE PAY 5,388 0 0 0 500 500 0 - 100.00% 213 - 46301- 412100 PERA CONTRIBUTIONS 696 62 1,317 1,320 1,210 1,210 1,230 1.65% 213 - 46301- 412200 FICA CONTRIBUTIONS 731 56 1,098 1,091 1,035 1,035 1,052 1.66% 213 - 46301- 412300 MEDICARE CONTRIBUTIONS 171 13 257 255 242 242 246 1.65% 213 - 46301- 413100 HEALTH /DENTAL/LIFE INSURAN 1,280 0 4,202 4,984 4,358 4,358 6,500 49.15% 213 - 46301- 413500 FLEX BENEFITS 9 0 0 0 25 25 0 - 100.00% 213 - 46301- 421990 GENL OPERATING SUPPLIES 288 0 0 0 0 0 0 - -- 213- 46301- 422990 MISC REPAIR B MTC SUPPLIES 0 0 0 0 0 0 0 - -- 213- 46301- 424100 SMALL TOOLS B EQUIPMENT 0 0 0 0 0 0 0 213 - 46301- 430260 PROF SRV - CONSTRUCTION CC 1,728 96 0 0 0 0 0 - -- 213- 46301- 430300 PROF SRV - ENGINEERING FEE 13,614 214 4,438 4,533 3,000 3,000 0 - 100.00% 213 - 46301- 430400 PROF SRV - LEGAL FEES 2,499 1,785 1,789 10,931 10,000 10,000 10,000 0.00% 213 - 46301- 430910 PROF SRV - SOFTWARE/PRGRM 0 0 0 0 0 0 0 213 - 46301- 431990 MISC PROFESSIONAL SERVICES 1,776 0 5,486 6,003 10,000 10,000 10,000 0.00% 213 - 46301- 432400 DELIVERY MAIL SERVICE (UPS 0 132 102 1,331 0 0 0 213 - 46301- 433100 TRAVEL EXPENSE 0 0 2,203 0 2,000 2,000 0 - 100.00% 213 - 46301- 433200 CONFERENCE&SCHOOLS 0 0 245 154 1,000 1,000 0 - 100.00% 213 - 46301 - 434600 MARKETING 19,112 3,722 16,181 17,338 20,000 20,000 17,000 - 15.00% 213 - 46301- 435100 LEGAL NOTICE PUBLICATION 479 150 310 1,114 500 500 0 - 100.00% 213 - 46301- 435200 GENERAL PUBLIC INFORMATION 0 0 0 4,998 3,000 3,000 0 - 100.00% 213 - 46301- 437100 PROPERTY TAXES 0 0 0 374 0 0 0 213 - 46301- 438200 WATER B SEWER 0 0 0 0 0 0 0 - -- 213-46301- 438300 GAS 0 0 0 0 0 0 0 213 - 46301 - 443300 DUES, MEMBERSHIP BSUBSCRI 0 0 7,906 10,769 10,000 10,000 10,000 0.00% 213-46301 - 443500 BOOKS B PAMPHLETS 0 0 0 01 200 1 200 0 - 100.00% EDA Budget - 2 21346301 - 443800 PUB WKS /ADMIN &I NSP FEES 1,406 311 0 0 0 0 0 - -- 213-46301- 443990 MISC OTHER EXPENSE 52 5,665 2,027 2,823 7,000 7,000 7,000 0.00% 213 - 46301 - 451010 LAND 104,925 0 0 0 0 0 0 - -- 213- 46301- 453010 IMPROVEMENTS 0 15,088 0 0 20,000 20,000 0 - 100.00% 213 - 46301- 456010 FURNITURE & FIXTURES 0 0 0 0 0 0 0 - -- 213- 46301- 460300 DEBT SRV PRINC -OTTER CREEV 100,000 564,293 0 0 0 0 0 213 - 46301 - 460500 SA PRIN PYBL -LAND FOR RESA 0 0 0 0 0 0 0 - -- 213- 46301- 461300 DEBT SRV INT -OTTER CREEK 39,858 31,036 0 0 0 0 0 213 - 46301 - 461500 SA INT PYBL -LAND FOR RESAL 0 0 0 0 0 0 0 - -- 213- 00000 - 472030 TRANSFER TO GENERAL FUND 0 0 0 0 0 0 0 213 - 00000 - 472030 TRANSFER TO DEBT SERVICE F 133,715 0 0 0 0 0 0 - -- 213- 00000 - 472030 TRANSFER OUT - TRUNK FEES 0 0 0 0 0 0 0 - -- TOTAL EXPENDITURES $438,436 $623,543 $66,360 $86,232 $110,260 $110,260 $80,000 - 27.44% EDA FUND 2008 2009 2010 2011 2012 2012 2013 % EDA - TIF Admin TIF Administration ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE 213 - 46301 - 410100 SALARIES, FULL TIME - REG 34,813 213 - 46301 - 410200 SALARIES, FULL TIME - OT 213 - 46301 - 410400 SALARIES, TEMPORARY - REG 213 - 46301 - 410900 SALARIES, OTHER 213 - 46301- 411100 SEVERANCE PAY 213 - 46301- 412100 PERA CONTRIBUTIONS 2,524 213 - 46301- 412200 FICA CONTRIBUTIONS 2,158 213 - 46301- 412300 MEDICARE CONTRIBUTIONS 505 TOTAL EXPENDITURES $0 $0 $0 $0 $0 $0 $40,000 - -- EDA FUND 2008 2009 2010 2011 2012 2012 2013 % EDA - TIF 5 TIF #5 - CONSTRUCTION 5 ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE 213 - 46505- 430400 PROF SRV - LEGAL FEES $0 $34 $335 $0 $0 - -- 213- 46505- 431990 MISC PROFESSIONAL SERVICES 14,697 396 0 400 0 213 - 46505- 435100 LEGAL NOTICE PUBLICATION 59 22 30 125 0 - -- 213- 46505- 437100 PROPERTY TAXES 18,746 0 0 0 0 213 - 46505 - 451010 LAND 0 0 0 0 0 - -- 213- 46505- 452010 BUILDINGS 0 0 0 0 0 213 - 46505- 460300 DEBT SRV PRINCIPAL-SHIRT TE 0 0 0 0 0 - -- 213- 46505- 461300 DEBT SRV INTEREST -SHRT TER 0 0 0 0 0 213 - 46505- 462010 FISCAL AGENTS' FEES 0 0 0 0 0 - -- 213- 46505- 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 213 - 46505- 472030 TRANSFER TO DEBT SERVICE F 0 0 0 0 0 TOTAL EXPENDITURES $33,502 $452 $365 $525 $0 $0 $0 - -- EDA FUND 2008 2009 2010 2011 2012 2012 2013 % EDA - TIF 6 TIF#6- RAINDANCE ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE- 213-46506-430400 PROF SRV - LEGAL FEES $0 $35 $335 $0 $0 $0 $0 - -- 213- 46506- 431990 MISC PROFESSIONAL SERVICES 527 396 0 0 0 500 500 - -- 213- 46506- 435100 LEGAL NOTICE PUBLICATION 17 22 30 26 0 - -- 213- 46506- 460300 DEBT SRV PRINCIPAL-SHIRT TE 0 0 0 0 0 - -- 213- 46506- 461300 DEBT SRV INTEREST -SHRT TER 0 0 0 0 0 - -- 213- 46506- 462010 FISCAL AGENTS' FEES 0 0 0 0 0 - -- 213- 46506- 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 - -- 213- 46506- 472030 TRANSFER TO DEBT SERVICE F 0 0 0 0 0 TOTAL EXPENDITURES $544 $453 $365 $26 $0 $500 $500 - -- EDA FUND 2008 2009 2010 2011 2012 2012 2013 % EDA - TIF 19 TIF #19 - MISSISSIPPI SHORES ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE 213 - 46519- 430300 PROF SRV - ENGINEERING FEE $0 $0 $0 $0 $0 $0 $0 - -- 213- 46519- 430400 PROF SRV - LEGAL FEES 0 0 61 0 0 213 - 46519- 431990 MISC PROFESSIONAL SERVICES 527 430 0 0 0 - -- 213- 46519- 435100 LEGAL NOTICE PUBLICATION 17 23 30 27 25 25 100 300.00% 213 - 46519 - 443990 MISC OTHER EXPENSE 0 0 0 0 0 - -- 213- 46519 - 451010 LAND 0 0 0 0 0 213 - 46519- 460300 DEBT SRV PRINCIPAL-SHIRT TE 0 0 0 0 0 - -- 213- 46519- 461300 DEBT SRV INTEREST -SHRT TER 0 0 0 0 0 213 - 46519- 462010 FISCAL AGENTS' FEES 0 0 0 0 0 - -- 213- 46519- 465010 TIF LOAN 0 0 0 0 0 213 - 46519- 465110 TIF PAYBACK INSTALLMENTS 16,308 31,289 44,193 29,418 29,418 0 0 - 100.00% 213 - 46519- 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 - -- 213- 46519- 472030 TRANSFER TO DEBT SERVICE F 0 0 0 0 0 - -- TOTAL EXPENDITURES $16,852 $31,742 $44,284 $29,445 $29,443 $25 $100 - 99.66% EDA FUND 2008 2009 2010 2011 2012 2012 2013 % EDA - TIF 20 TIF #20 - PRAIRIE WEST ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE 213 - 46520- 430300 PROF SRV - ENGINEERING FEE $0 $0 $0 $0 $0 $0 $0 213 - 46520- 430400 PROF SRV - LEGAL FEES 0 0 61 0 0 500 500 - -- 213- 46520- 431990 MISC PROFESSIONAL SERVICES 527 430 0 0 0 213 - 46520- 435100 LEGAL NOTICE PUBLICATION 18 22 30 26 25 - 100.00% 213 - 46520 - 443990 MISC OTHER EXPENSE 0 0 0 0 0 213 - 46520 - 451010 LAND 0 0 0 0 0 - -- 213- 46520- 460300 DEBT SRV PRINCIPAL-SHIRT TE 0 10,342 10,731 9,892 7,701 7,701 6,521 - 15.32% 213 - 46520- 461300 DEBT SRV INTEREST -SHRT TER 0 3,334 2,436 1,544 1,077 1,077 - 100.00% 213 - 46520- 462010 FISCAL AGENTS' FEES 0 0 0 0 0 213 - 46520- 465010 TIF LOAN 0 0 0 0 0 EDA Budget - 3 213 - 46520- 465110 TIF PAYBACK INSTALLMENTS 4,778 9,563 13,108 7,624 8,349 - 100.00% 213 - 46520- 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 213 - 46520- 472030 TRANSFER TO DEBT SERVICE F 13,927 0 0 0 0 TOTAL EXPENDITURES $19,250 $23,691 $26,366 $19,086 $17,152 $9,278 $7,021 - 59.077. EDA FUND 2008 2009 2010 2011 2012 2012 2013 % EDA - TIF 22 TIF #22 - DWNTWN REDEVELOPI ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE 213 - 46522- 430300 PROF SRV - ENGINEERING FEE $0 $0 $0 $0 $0 $0 $0 213 - 46522- 430400 PROF SRV - LEGAL FEES 0 731 8,439 126 0 13,041 0 - -- 213- 46522- 431990 MISC PROFESSIONAL SERVICES 527 396 2,765 21,051 0 63,670 213 - 46522- 435100 LEGAL NOTICE PUBLICATION 17 22 113 26 25 - 100.00% 213 - 46522- 436200 PROPERTY INSURANCE 0 0 0 0 0 213 - 46522- 437100 PROPERTY TAXES 0 0 1,860 1,757 0 3,015 - -- 213- 46522- 438100 ELECTRIC 0 0 0 0 0 213 - 46522- 438300 GAS 0 4,264 0 0 0 - -- 213- 46522 - 443990 MISC OTHER EXPENSE 0 0 153 0 0 3,476 213 - 46522 - 451010 LAND 0 0 0 0 0 941,084 - -- 213- 46522- 460300 DEBT SRV PRINCIPAL-SHIRT TE 0 0 0 0 0 0 0 213 - 46522- 461300 DEBT SRV INTEREST -SHRT TER 0 0 0 0 0 - -- 213- 46522- 462010 FISCAL AGENTS' FEES 0 0 0 0 0 213 - 46522- 465010 TIF LOAN 32,334 21,656 0 0 0 - -- 213- 46522- 465110 TIF PAYBACK INSTALLMENTS 5,106 21,656 103,167 61,487 61,487 63,312 63,312 2.97% 213 - 46522- 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 - -- 213- 46522- 472030 TRANSFER TO OTHER FUNDS 0 0 356,179 0 0 378,680 213 - 46522- 472030 TRANSFER TO DEBT SERVICE F 0 0 0 0 0 TOTAL EXPENDITURES $37,984 $48,725 $472,676 $84,447 $61,512 $1,466,278 $63,312 2.93% EDA FUND 2008 2009 2010 2011 2012 2012 2013 % EDA - TIF 24 TIF #24 - ST BEN'S CENTER ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE- 213-46524-430300 PROF SRV - ENGINEERING FEE $0 $0 $0 $0 $0 213 - 46524 - 430400 PROF SRV - LEGAL FEES 0 34 61 0 0 - -- 213- 46524 - 431990 MISC PROFESSIONAL SERVICES 527 396 0 623 0 649 649 213 - 46524- 435100 LEGAL NOTICE PUBLICATION 17 22 30 26 25 - 100.00% 213 - 46524 - 443990 MISC OTHER EXPENSE 0 0 0 0 0 213 - 46524 - 451010 LAND 0 0 0 0 0 - -- 213- 46524- 460300 DEBT SRV PRINCIPAL-SHIRT TE 0 0 0 0 0 213 - 46524- 461300 DEBT SRV INTEREST -SHRT TER 0 0 0 0 0 - -- 213- 46524- 462010 FISCAL AGENTS' FEES 0 0 0 0 0 213 - 46524 - 465010 TIF LOAN 0 0 0 0 0 - -- 213- 46524 - 465110 TIF PAYBACK INSTALLMENTS 22,560 46,798 67,579 42,321 42,320 42,320 43,986 3.94% 213 - 46524- 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 - -- 213- 46524- 472030 TRANSFER TO DEBT SERVICE F 0 0 0 0 0 - -- TOTAL EXPENDITURES $23,104 $47,250 $67,670 $42,970 $42,345 $42,969 $44,635 5.41% EDA FUND 2008 2009 2010 2011 2012 2012 2013 % EDA - TIF 29 TIF#29 -FRONT PORCH ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE 213 - 46529- 430300 PROF SRV - ENGINEERING FEE $0 $0 $0 $0 $0 - -- 213- 46529- 430400 PROF SRV - LEGAL FEES 216 34 61 0 0 - -- 213- 46529- 431990 MISC PROFESSIONAL SERVICES 527 396 0 623 0 649 649 - -- 213- 46529- 435100 LEGAL NOTICE PUBLICATION 17 22 30 26 25 - 100.00% 213 - 46529 - 443990 MISC OTHER EXPENSE 0 0 0 0 0 - -- 213- 46529 - 451010 LAND 0 0 0 0 0 - -- 213- 46529- 460300 DEBT SRV PRINCIPAL-SHIRT TE 0 0 0 0 0 - -- 213- 46529- 461300 DEBT SRV INTEREST -SHRT TER 0 0 0 0 0 213 - 46529- 462010 FISCAL AGENTS' FEES 0 0 0 0 0 - -- 213- 46529- 465010 TIF LOAN 0 0 0 0 0 213 - 46529- 465110 TIF PAYBACK INSTALLMENTS 11,501 27,472 32,499 19,296 19,300 19,300 20,370 5.54% 213 - 46529- 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 213 - 46529- 472030 TRANSFER TO DEBT SERVICE F 0 0 0 0 0 TOTAL EXPENDITURES $12,261 $27,924 $32,590 $19,945 $19,325 $19,949 $21,019 8.7777 EDA FUND 2008 2009 2010 2011 2012 2012 2013 % EDA - TIF 30 TIF#30 -CMHP ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE 213 - 46530- 430300 PROF SRV - ENGINEERING FEE $0 $0 $0 $0 $0 - -- 213- 46530- 430400 PROF SRV - LEGAL FEES 0 0 61 0 0 213 - 46530- 431990 MISC PROFESSIONAL SERVICES 527 430 0 623 0 650 650 - -- 213- 46530- 435100 LEGAL NOTICE PUBLICATION 18 22 30 26 25 - 100.00% 213 - 46530 - 443990 MISC OTHER EXPENSE 0 0 0 0 0 - -- 213- 46530 - 451010 LAND 0 0 0 0 0 - -- 213- 46530- 460300 DEBT SRV PRINCIPAL-SHIRT TE 6,439 6,708 5,809 4,037 4,237 0 0 - 100.00% 213 - 46530- 461300 DEBT SRV INTEREST -SHRT TER 4,404 4,243 4,075 3,930 3,827 6,945 6,945 81.47% 213 - 46530- 462010 FISCAL AGENTS' FEES 0 0 0 0 0 - -- 213- 46530- 465010 TIF LOAN 0 0 0 0 0 - -- 213- 46530- 465110 TIF PAYBACK INSTALLMENTS 0 0 0 0 0 - -- 213- 46530- 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 - -- 213- 46530- 472030 TRANSFER TO DEBT SERVICE F 0 0 0 0 0 - -- TOTAL EXPENDITURES $11,388 $11,403 $9,975 $8,616 $8,089 $7,595 $7,595 EDA FUND 2008 2009 2010 2011 2012 2012 2013 EDA - TIF 34 TIF #34 -194/INTERCHANGE ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE 213 - 46534 - 430300 PROF SRV - ENGINEERING FEE $0 $0 $0 $0 $0 213 - 46534 - 430400 PROF SRV - LEGAL FEES 0 34 61 0 0 EDA Budget - 4 213 - 46534 - 431990 MISC PROFESSIONAL SERVICES 527 396 0 0 0 75 75 - -- 213- 46534 - 435100 LEGAL NOTICE PUBLICATION 17 22 30 26 25 25 25 0.00% 213 - 46534 - 443990 MISC OTHER EXPENSE 0 0 0 0 0 - -- 213- 46534 - 451010 LAND 0 0 0 0 0 213 - 46534 - 460300 DEBT SRV PRINCIPAL -SHRT TE 0 0 0 0 0 - -- 213- 46534 - 461300 DEBT SRV INTEREST -SHRT TER 0 0 0 0 0 213 - 46534 - 462010 FISCAL AGENTS' FEES 0 0 0 0 0 - -- 213- 46534 - 465010 TIF LOAN 0 0 0 0 0 213 - 46534 - 465110 TIF PAYBACK INSTALLMENTS 0 0 0 0 0 - -- 213- 46534 - 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 213 - 46534 - 472030 TRANSFER TO DEBT SERVICE F 319,272 318,274 317,277 316,279 320,584 320,584 319,403 -0.37% TOTAL EXPENDITURES $319,816 $318,726 $317,368 $316,305 $320,609 $320,684 $319,503 -0.34% EDA FUND 2008 2009 2010 2011 2012 2012 2013 % EDA - TIF 35 TIF #35 - LANDMARK SQUARE II ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE- 213-46535-430300 PROF SRV - ENGINEERING FEE $0 $0 $0 $0 $0 213 - 46535- 430400 PROF SRV - LEGAL FEES 0 34 61 0 0 - -- 213- 46535- 431990 MISC PROFESSIONAL SERVICES 526 396 0 0 0 213 - 46535- 435100 LEGAL NOTICE PUBLICATION 18 22 30 26 25 27 27 8.00% 213 - 46535 - 443990 MISC OTHER EXPENSE 0 0 0 0 0 213 - 46535 - 451010 LAND 0 0 0 0 0 - -- 213- 46535- 460300 DEBT SRV PRINCIPAL -SHRT TE 0 0 0 0 0 213 - 46535- 461300 DEBT SRV INTEREST -SHRT TER 0 0 0 0 0 - -- 213- 46535- 462010 FISCAL AGENTS' FEES 0 0 0 0 0 213 - 46535- 465010 TIF LOAN 0 0 0 0 0 - -- 213- 46535- 465110 TIF PAYBACK INSTALLMENTS 0 0 0 0 0 213 - 46535- 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 - -- 213- 46535- 472030 TRANSFER TO DEBT SERVICE F 0 0 0 0 0 - -- TOTAL EXPENDITURES $544 $452 $91 $26 $25 $27 $27 8.00% EDA FUND 2008 2009 2010 2011 2012 2012 2013 % EDA - TIF 36 TIF #36- DAHLHEIMER DIST ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE 213 - 46536- 430300 PROF SRV - ENGINEERING FEE $0 $0 $0 $0 $0 - -- 213- 46536- 430400 PROF SRV - LEGAL FEES 0 34 1,918 0 0 213 - 46536- 431990 MISC PROFESSIONAL SERVICES 527 396 0 0 0 475 475 - -- 213- 46536- 435100 LEGAL NOTICE PUBLICATION 18 22 30 26 25 25 25 0.00% 213 - 46536 - 443990 MISC OTHER EXPENSE 0 0 0 0 0 - -- 213- 46536 - 451010 LAND 0 0 0 0 0 213 - 46536- 460300 DEBT SRV PRINCIPAL -SHRT TE 49,523 0 0 0 43,990 43,990 51,527 17.13% 213 - 46536- 461300 DEBT SRV INTEREST -SHRT TER 14,275 0 0 0 17,785 17,785 13,889 - 21.91% 213 - 46536- 462010 FISCAL AGENTS' FEES 0 0 0 0 0 - -- 213- 46536- 465010 TIF LOAN 0 0 0 0 0 213 - 46536- 465110 TIF PAYBACK INSTALLMENTS 0 64,141 64,776 64,776 0 - -- 213- 46536- 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 213 - 46536- 472030 TRANSFER TO DEBT SERVICE F 0 0 0 0 0 TOTAL EXPENDITURES $64,343 $64,593 $66,724 $64,802 $61,800 $62,275 $65,916 6.6697b EDA FUND 2008 2009 2010 2011 2012 2012 2013 % EDA - TIF 37 TIF #37- KARLSBURGER FOODS ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE 213 - 46537- 430250 PROF SRV - CONSTRUCTION C $0 $0 $0 $0 $0 - -- 213- 46537- 430300 PROF SRV - ENGINEERING FEE 0 0 0 0 0 - -- 213- 46537- 430400 PROF SRV - LEGAL FEES 0 34 61 0 0 - -- 213- 46537- 431990 MISC PROFESSIONAL SERVICES 527 396 0 0 0 475 475 - -- 213- 46537- 435100 LEGAL NOTICE PUBLICATION 17 22 30 27 25 25 25 0.00% 213 - 46537 - 443990 MISC OTHER EXPENSE 0 0 0 0 0 - -- 213- 46537 - 451010 LAND 0 0 0 0 0 213 - 46537- 460300 DEBT SRV PRINCIPAL -SHRT TE 18,687 0 0 0 0 0 0 - -- 213- 46537- 461300 DEBT SRV INTEREST -SHRT TER 4,619 0 0 0 0 4,195 3,043 213 - 46537- 462010 FISCAL AGENTS' FEES 0 0 0 0 0 - -- 213- 46537- 465010 TIF LOAN 0 0 0 0 0 213 - 46537- 465110 TIF PAYBACK INSTALLMENTS 0 24,787 23,796 24,787 24,787 23,406 3,543 - 85.71% 213 - 46537- 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 213 - 46537- 472030 TRANSFER TO DEBT SERVICE F 0 0 0 0 0 TOTAL EXPENDITURES $23,850 $25,239 $23,887 $24,814 $24,812 $28,101 $7,086 - 71.44% EDA FUND 2008 2009 2010 2011 2012 2012 2013 % EDA - TIF 38 TIF #38 - WALKER IN -STORE ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE- 213-46538-430300 PROF SRV - ENGINEERING FEE $0 $0 $0 $0 $0 - -- 213- 46538 - 430400 PROF SRV - LEGAL FEES 131 34 61 0 0 - -- 213- 46538 - 431990 MISC PROFESSIONAL SERVICES 573 396 0 0 0 - -- 213- 46538 - 435100 LEGAL NOTICE PUBLICATION 0 22 30 27 25 25 26 4.00% 213 - 46538 - 443990 MISC OTHER EXPENSE 0 0 0 0 0 - -- 213- 46538 - 451010 LAND 0 0 0 0 0 - -- 213- 46538 - 460300 DEBT SRV PRINCIPAL -SHRT TE 0 0 0 0 0 - -- 213- 46538 - 461300 DEBT SRV INTEREST -SHRT TER 0 0 0 0 0 - -- 213- 46538 - 462010 FISCAL AGENTS' FEES 0 0 0 0 0 213 - 46538 - 465010 TIF LOAN 0 0 0 0 0 - -- 213- 46538 - 465110 TIF PAYBACK INSTALLMENTS 0 12,605 12,604 12,604 12,604 12,604 12,017 -4.66% 213 - 46538 - 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 - -- 213- 46538 - 472030 TRANSFER TO DEBT SERVICE F 0 0 0 0 0 - -- TOTAL EXPENDITURES $704 1 $13,057 1 $12,695 1 $12,631 1 $12,629 1 $12,629 1 $12,043 -4.64% EDA Budget - 5 EDA Budget - 6 EDA FUND 2008 2009 2010 2011 2012 2012 2013 % TIF 1 -39 SMC TIF 1 -39 SMC ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE- 213-46539-430300 PROF SRV - ENGINEERING FEE $0 $0 $0 $6,734 $0 $0 $0 - -- 213- 46539- 430400 PROF SRV - LEGAL FEES 0 0 0 5,410 0 0 0 213 - 46539- 431990 MISC PROFESSIONAL SERVICES 0 0 0 29,743 0 0 0 - -- 213- 46539- 435100 LEGAL NOTICE PUBLICATION 0 0 0 461 0 0 0 213 - 46539- 436200 PROPERTY INSURANCE 0 0 0 0 0 0 0 - -- 213- 46539- 438100 ELECTRIC 0 0 0 0 0 0 0 213 - 46539- 438300 GAS 0 0 0 0 0 0 0 - -- 213- 46539 - 443990 MISC OTHER EXPENSE 0 0 0 211 0 0 0 213 - 46539 - 451010 LAND 0 0 0 0 0 0 0 - -- 213- 46539- 460300 DEBT SRV PRINCIPAL-SHIRT TE 0 0 0 0 0 0 0 213 - 46539- 461300 DEBT SRV INTEREST -SHRT TER 0 0 0 0 0 0 0 - -- 213- 46539- 462010 FISCAL AGENTS' FEES 0 0 0 0 0 0 0 213 - 46539- 465010 TIF LOAN 0 0 0 0 0 0 0 - -- 213- 46539- 465110 TIF PAYBACK INSTALLMENTS 0 0 0 0 0 0 0 213 - 46539- 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 0 0 - -- 213- 46539- 472030 TRANSFER TO OTHER FUNDS 0 0 0 0 0 0 0 213 - 46539- 472030 TRANSFER TO DEBT SERVICE F 0 0 0 0 0 0 0 TOTAL EXPENDITURES $0 $0 $0 $42,559 $0 $0 $0 #DIV 101 EDA FUND 2008 2009 2010 2011 2012 2012 2013 % EDA TIF 22 -1 TIF 22.1 - FLUTH /CUB FOODS ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE 213 - 46581- 430300 PROF SRV - ENGINEERING FEE $0 $0 $0 $0 $0 213 - 46581- 430400 PROF SRV - LEGAL FEES 0 0 0 0 0 - -- 213- 46581- 431990 MISC PROFESSIONAL SERVICES 0 0 0 0 0 213 - 46581- 435100 LEGAL NOTICE PUBLICATION 0 0 0 0 0 - -- 213- 46581- 436200 PROPERTY INSURANCE 0 0 0 0 0 213 - 46581- 438100 ELECTRIC 0 0 0 0 0 - -- 213- 46581- 438300 GAS 0 0 0 0 0 213 - 46581 - 443990 MISC OTHER EXPENSE 0 0 0 0 0 - -- 213- 46581 - 451010 LAND 0 0 0 0 0 213 - 46581- 460300 DEBT SRV PRINCIPAL-SHIRT TE 0 0 0 0 0 - -- 213- 46581- 461300 DEBT SRV INTEREST -SHRT TER 0 0 0 0 0 213 - 46581- 462010 FISCAL AGENTS' FEES 0 0 0 0 0 - -- 213- 46581- 465010 TIF LOAN 0 0 0 0 0 213 - 46581- 465110 TIF PAYBACK INSTALLMENTS 0 10,283 86,214 51,284 51,284 52,808 52,808 2.97% 213 - 46581- 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 213 - 46581- 472030 TRANSFER TO DEBT SERVICE F 0 0 0 0 0 TOTAL EXPENDITURES $0 $10,283 $86,214 $51,284 $51,284 $52,808 $52,808 2.97% EDA FUND 2008 2009 2010 2011 2012 2012 2013 % EDA TIF 22 -5 TIF 22.5 -AMOCO ACTUAL ACTUAL ACTUAL ACTUAL BUDGET PROJECTED BUDGET CHANGE 213 - 46585- 430300 PROF SRV - ENGINEERING FEE $0 $0 $0 $0 $0 213 - 46585- 430400 PROF SRV - LEGAL FEES 0 0 0 0 0 - -- 213- 46585- 431990 MISC PROFESSIONAL SERVICES 0 0 0 0 0 213 - 46585- 435100 LEGAL NOTICE PUBLICATION 0 0 0 0 0 - -- 213- 46585- 436200 PROPERTY INSURANCE 0 0 0 0 0 213 - 46585- 438100 ELECTRIC 0 0 0 0 0 - -- 213- 46585- 438300 GAS 0 0 0 0 0 213 - 46585 - 443990 MISC OTHER EXPENSE 0 0 0 0 0 - -- 213- 46585 - 451010 LAND 0 0 0 0 0 213 - 46585- 460300 DEBT SRV PRINCIPAL-SHIRT TE 0 0 0 0 0 - -- 213- 46585- 461300 DEBT SRV INTEREST -SHRT TER 0 0 0 0 0 213 - 46585- 462010 FISCAL AGENTS' FEES 0 0 0 0 0 - -- 213- 46585- 465010 TIF LOAN 0 0 0 0 0 213 - 46585- 465110 TIF PAYBACK INSTALLMENTS 5,106 11,373 16,953 10,203 10,203 10,504 10,504 2.95% 213 - 46585- 465120 LOCALCONTRIB - TIFPENALT 0 0 0 0 0 213 - 46585- 472030 TRANSFER TO DEBT SERVICE F 0 0 0 0 0 TOTAL EXPENDITURES $5,106 1 $11,373 1 $16,953 1 $10,203 1 $10,203 1 $10,504 1 $10,504 2.95% EDA Budget - 6 - m Yc L � � � � K Z N III 0 .I I Illr��llliallll II Il�llllllllla� ;011I�01111111�� ■ 11111 ■II ■IIIIIIIIiI ■1111111111111 ■ii I�I I�Illl��llil l�III�I�IIIIIIII! ■ 11111 ■II ■1111111111 ■IIIIIIIIIIIIII ■II I�IIII�IIIIIIII I�I l��I�l�III�I I! ■ 11111 ■II ■1111111111 ■IIIIIIIIIIIi11 ■II II ! I 09 99 ! I I! I� w I� I - m Yc L � � � � K Z N m so m m o s E � O a• N N AN N C .x O X CD F m Z Z H A (ON rco ro m�v rnco mo co co NoJ mr rrn oo menu N� NLL� O ro rug moor cow ��v yr �m co ro om v ro v co � LL c � E roro w� vco NNr coro o� ro roco coo F U v Z' c_ w E mvrroriv m� �m vm rnvu� �r Nun m �v � roo vm mo rco rno m �N NLL� N mm mcoo inm mr o N u�r r o m rir�vrorriro vr� u� Z A F of of of m LL� � W O O) N m O O) co of of D) v co O O m p v (O c4 N O O) v W M co m O O) N N of O O N m N W M fA fA fA I� v N F 00 0o rrn rnoo ro oco ro o 00 fA fA fA r co r co r rn rn o o r co co co co r co m aN r N fA fA fA mm O o v m� mm mr vrrn rn �u� u� m �v rco LL�N cow coven v my r r com LL H U3 U3 U3 d ca oo .o 000000000 in o 00 o o r m o 0 0 0 0 0 0 0 0 0 0 0 0 o O E y uo0 mm Our c ino 0o u�o m m o�n (O LL2 O N O m N V O LL� W r N m (p LLD = xQamco oco om rnu�u� vco �� v m coo v� � rn� u� co v �co c .o y C_ W ............. 0 0 0 O O O O O O O O O O O O O o 0 0 N O O O O. 0 0 0 0 0 0 0 r N O O LL� O O O m O O O LL� W O N O O LL� 0 0 N LL� m � m _ ISO LL�N O� Oven v my I� r m c fA fA fA co N 'O d � N m m of V of LL� r O) of V N O) N m m N O) fA fA fA (O v a' C W 0 N d U C rm r� om coroo u� rco m r mo O of of N of N O m O) of of O) O_ O of co D r N � L r co m of V m m I� m N O) U3 U3 U3 O) O X H N N v e y m m m m I: ' LL� r v O N V O) W W O N O v m� vO N� rnmu� rco w m quo fA fA fA (O O O d m NO) v� vm vmv of oJN c0 N O)N W m N m N LL� LL� LL� m m N fA fA fA c0 .............. w v ............. O O O o o r m o 0 0 0 0 0 0 0 0 0 0 0 .......... mco ocoomrnu�u�vco�� v mmc O 0 0 0 0 0 0 0 0 y 0 0 o o - o o o 0 m m �m m �a�a�m m DD D m m 0 a�i a�i 5 m 5 V5 V5 -o -o -o -o -o o o o o a m m o m m o 0 0 o m m m H K K S K K S S S LL' LL' W W W W LL' of c O .� o v 0- o y Z N m m U' °- m o N oo c U i+1 C y Q= Q S � o U Z E .O O Q V Q o Y o W O U V U => 3: 0 0 :5 N O U 3 m m o s LL m c°i m m U 0 3 m O E o o o L O o O O N O o N F Z (0 J ULL':CLL DU LLU:C of co -6 U LL' 3: c O N O N a w _rno Nv rn-co rm rn U . O ].t O «`� LL LL LL LL LL LL LL LL LL LL LL LL LL LL Q LL LL m so m m o s E � O a• N N AN N C .x O X CD F m Z EDA Agenda — 10/10/12 Director Report. (AS /JO) Fred's Auto The Limited Scope Investigation on the Fred's Auto site was stalled due to the presence of groundwater contamination found during investigation of the site. Braun Intertec was required to seek MPCA guidance on whether groundwater monitoring would be required on the site as a result. In early October, Braun received word from the MPCA that monitoring would not be required. As such, at the time of this report, the LSI is anticipated to arrive by October 5'. Once complete, the LSI will be submitted to the MPCA. The MPCA will determine whether contamination clean -up is necessary, or whether the project file on Fred's can be closed. If clean -up is required, staff will begin the process of determining the next steps, which are likely to include another round of RFP's for service on the clean -up. The clean- up, if it resulted directly from an underground storage tank leak, can be reimbursed through the Department of Commerce's Petrofund. With the clean -up, staff will be requesting that the services for the site include the location of the existing underground storage tanks. The EDA will recall that component was not included in the LSL The City will need to know where any and all underground storage tanks are on the site, how large they are and what the tanks contain. Any tanks that ceased use prior to 1987 can be removed without cost to the City /EDA through the department of Commerce Petrofund Abandoned Tank program, which is separate from the contamination fund. The City must know where, how large and what is inside the tanks to be eligible for removal. Embracing Downtown /TIF District Update Block 34: Staff, along with two members of the City Council (Mayor Herbst and Council member Hilgart) and two members of the EDA (President Demeules and Commissioner Tapper) met in a small group worksession to review the results of three different financial scenarios for Block 34 redevelopment. The summary of the financial scenarios indicate that redevelopment is most feasible with a larger number of users and acquisition of a larger number of parcels, which maximizes the TIF potential under the creation of a new district. With that information in hand, Mr. Demueles and Mr. Tapper will be meeting with ACE Hardware to discuss other alternatives for relocation and the types of EDA assistance that may be involved. The representatives of the small group also met with Mr. Wolff to discuss the opportunity to potentially purchase his property, the Finders Keepers site. At this time, the City /EDA is awaiting word from Mr. Wolff on desire to sell and asking price. Relocation of tenants continues to progress on Block 34, as well. All residential tenants in the BL Bikes building have relocated at this time. Staff is in the process of working with BL Bikes on a new site location in Monticello, which may require planning action. Lakeland Dental continues to make progress on their new location in the old Times building on River Street. The remaining tenants, which include the Pizza Factory, BL Bikes and the tattoo parlor, have all received their 90 -day notice to vacate. It should be noted that the tattoo parlor and Pizza Factory did not sign lease agreements and have not paid any rent since the EDA acquired the building. The City has been advised by Wilson Development Services that although these tenants have not paid rent, this amount should not be deducted from their relocation benefit, as it may cause issues with any MnDOT review and contribution needed for the CSAH 75 /TH 25 project. The EDA is incurring approximately $800.00 /month in expenses for the building at this time, not including water and sewer and property taxes. Block 52: The EDA has received a request from a property owner on Block 52 to acquire parcel on that block. In the small group worksession mentioned earlier, the group agreed that acquisition of the property was to be pursued. In that regard, Mr. Demueles and Mr. Tapper will be meeting with the property owner prior to the EDA meeting to work toward a purchase price to bring to the full EDA and City Council. Pending the outcome of the discussions with both ACE Hardware representatives and the Block 52 property owner, staff will schedule a joint CouncibEDA worksession in October for the purpose of acquisition discussion. ReStoreing Downtown Janna King continue to work with the property and business owners in the reStoreing downtown effort, assisting them as they move toward becoming an independent, self - supporting organization. The Chamber of Commerce will act as the fiscal agent for this entity until they are ready to seek non - profit status. At this time, a team of volunteers acting as ambassadors for the group will be going out into the community to encourage and solicit support for their efforts. A copy of the materials put together by the group is included for reference. Staff has requested that the reStoreing Downtown team present an update on their activities and progress to the EDA in November. McCombs and King Contracts On September 20', 2012, staff requested final work products from Mr. McCombs. At this time, those products have not yet been received. Staff has sent a second request. No additional invoices have been received from the McComb Group. Janna King continues her work with the reStoreing Downtown Team, as noted above. 2 Industry of the Year The IEDC voted on October 2nd to award the 2012 Industry of the Year prize to Cargill Kitchen Solutions. Their decision was based on Cargill's overall achievements as related to the Industry of the Year criteria. Cargill will be notified of their award immediately following the EDA meeting. The Industry of the Year Award & Manufacturer's Appreciation Breakfast will be held on Wednesday, October 24th at 7:30 AM at the Monticello Community Center. Senator Amy Koch will be the keynote speaker. Your personal invitation to the event is included in this packet. Leads Staff has been involved in responding to three leads from varying sources. Once in particular represents a strong manufacturing opportunity. We will keep you posted on action needed by the EDA on this opportunity. WSA Verbal update to be provided at the EDA meeting. Breakfast Catered by Cornerstone Cafe 3rd Annual Industry of the Year Event & Manufacturer's Appreciation Breakfast Sponsored by the City of Monticello, Monticello Industrial & Economic Development Committee and Monticello Economic Development Authority Wednesday, October 24, 2012. 7:30am- 8:30am � Monticello Community Center, Mississippi Room Keynote Speaker: Senator Amy Koch PLEASE RSVP TO ELLEN EDEN 763.271.3208 ELLEN.EDEN @CI. MONTICELLO.MN .us The 2011 award winner was Aroplax. Attend this year's event for the unveiling of the 2012 award Senator Koch will provide her perspective on issues that remain important, but unfinished, at the Capitol. Senator Koch will also discuss specific issues and legislative initiatives that directly impact the Monticello business community and manufacturing. Monticello Downtown and Secondary Trade Areas 2015 Household Income, Percent Above $75,000 @Ccpyr1gM2011 McCombGrcup, Ltd. 11A)7I11 Monticello's economic attributes, trade area population, and upper income households provide support for expanded retail stores, restaurants, and services. Anchor stores create a secondary trade area for Monticello: • Cub Foods • SuperTarget • Walmart Supercenter • Home Depot Due to physical barriers created by the Mississippi River and 1 -94, about one -third of downtown and secondary trade area shoppers must pass through downtown Monticello to reach the shopping area south of 1 -94. Population Households Households with income > $75,000 Median Age Ave Household Income Source: McComb Group, Ltd., 2011 The overall design concept supports Monticello's market niche as the sub - regional center for shopping, business, professional, personal, health care, dining and river - anchored recreation between St. Cloud and Maple Grove. It reorients downtown 90 degrees to take advantage of high traffic counts associated with the Mississippi River bridge crossing and connection to I -94. Sites are designed to meet design requirements of businesses for which there is an identified market demand. Additional Supportable Space (sauare feet) Source: McComb Group, Ltd., 2011 Department Store Site plan • Excellent visibility • 34,000 cars per day (2008) • 47,000 cars per day projected at river crossing (2030) BROADWAY STREET WEST t- ' 163 S7ALL5 f .�. - r o � 7a- 41TH STREET WE5 � - . z amt Ir "1 '- -4 . 6_ _R ..r � Y BROADWAY STRE,E, j,1 z� TREET Overview and summary of the reSTOREing Downtown Monticello Strategy: Embracing Downtown Monticello report: http : / /tinvurl.com /downtownreport PowerPoint summary of reSTOREing Downtown Monticello http: / /tinyurl.com /Downtown - PowerPoint For more detail: Retail Market Analysis prepared by the McComb Group, LTD: http:// tinyurl .com /mccombmarketanalysis Design Guidelines: http:/ /tinvurl.com /DTdesignguidelines 2010 2015 Department store 65,000 75,000 Food store 20,000 45,000 Other Convenience goods 18,000 19,300 Apparel 12,000 24,000 Food service (all types) 16,000 16,000 Source: McComb Group, Ltd., 2011 Department Store Site plan • Excellent visibility • 34,000 cars per day (2008) • 47,000 cars per day projected at river crossing (2030) BROADWAY STREET WEST t- ' 163 S7ALL5 f .�. - r o � 7a- 41TH STREET WE5 � - . z amt Ir "1 '- -4 . 6_ _R ..r � Y BROADWAY STRE,E, j,1 z� TREET Overview and summary of the reSTOREing Downtown Monticello Strategy: Embracing Downtown Monticello report: http : / /tinvurl.com /downtownreport PowerPoint summary of reSTOREing Downtown Monticello http: / /tinyurl.com /Downtown - PowerPoint For more detail: Retail Market Analysis prepared by the McComb Group, LTD: http:// tinyurl .com /mccombmarketanalysis Design Guidelines: http:/ /tinvurl.com /DTdesignguidelines ri In 2010, the city conducted business retention visits with major employers, and many indicated that it is important for the city to address the deterioration of downtown. The older store formats are not efficient for contemporary retail. This results in a marginal tenant mix, cycle of low rent, high turnover and insufficient revenue for building maintenance. The alignment of stores along Broadway Avenue reflects downtown's historic orientation to the river during an era when ferry boats provided access across the river. The bridge crossing reoriented the downtown, but businesses have difficulty thriving there because only 20% are visible from Hwy 25 — which has the highest traffic counts. Businesses find it difficult to succeed if neighboring properties change tenants regularly or don't generate good customer traffic. Downtown Monticello has potential to be much more than it is today. Walgreen's — one of the best site selectors in the nation - recently chose to invest at the intersection of Broadway and Highway 25 - a testament to the area's market potential, the attractiveness of a downtown location, and the importance of visibility from Highway 25 for many retailers. A 2011 market study indicates that Monticello has a healthy trade area population, strong income profile and unmet demand in several key market segments including department store, convenience retail, apparel, food service, electronics. } t � � a YGL ! try'• 'it br. Z .n; h}lcrsiale 9a . The layout of downtown must be reoriented 902 to take advantage of visibility from Highway 25, create good access, and connect with a safe pedestrian- oriented retail area along Walnut on the west side of Highway 25. Convenience - oriented retail will be concentrated on the east side of Highway 25 with service businesses that require less visibility further to the east. Increasing visibility and customer traffic is key to enhancing business revenue. The 2011 market study identifies potential anchor tenants - a department store and /or specialty grocery store, which bring customers to downtown, creating opportunities for other retailers. • The Community Center generates over 240,000 visits to downtown each year. • Parks and trails adjacent to the Mississippi River would provide a unique focal point for outdoor recreation- oriented activities in a redesigned downtown. • Major employers, including Xcel Energy's generating facility, New River Medical Center, and Cargill Kitchen Solutions corporate headquarters, R & D, and production facility, bring a steady stream of customers, vendors, visitors, maintenance and repair personnel to the community. In 2011, the city invested in a downtown revitalization strategy that is based on a market analysis by Jim McComb, a widely recognized retail analyst. The market analysis informed the physical redesign project led by Kathy Anderson, the architect /designer of numerous award - winning shopping areas. The strategy emphasized the importance of anchor tenants to generate traffic. Increased traffic and a solid tenant mix will break the cycle of decline. Healthy businesses generate more traffic, which creates increased revenue and value for business owners, property owners, area shoppers and the city. The City is taking a targeted approach to implementation, focusing on market opportunities and willing sellers. The EDA and City Council will consider the following factors when evaluating any possible property acquisition: a. Proximity to priority project areas c. County assessed value d. Recent completed appraisal, if any b. Reasonable purchase price e. Property key to transportation or public utility projects f. Number and type of existing tenants g. Timeline of new development potential h. Availability and appropriateness of eminent domain reSTOREing Downtown Monticello reSTOREing Downtown Monticello is committed to successful redevelopment & revitalization of downtown Monticello through the active partnership of property owners, businesses, the public sector, and other community organizations. If you are a property owner, business or consider yourself a stakeholder in revitalizing downtown Monticello, and would like to subscribe to our e-mail newsletter, attend informational meetings, participate on a committee or MONTICELLO The City of Monticello is an active partner in reSTOREing Downtown Monticello. For information on development opportu- nities, market studies, city policies and provide financial support, please contact: priorities, please contact: Steve Johnson Jeff O'Neill, City Administrator or reSTOREing Downtown Steering Committee Angela Schumann, Com. Dev. Director City of Monticello 612.987.6688 763.295.2711 Steve.johnson @ix.netcom.com comm.dev @ci.monticello.mn.us www.reSTOREingDTmonticello.org [EMMMI(MR`1@ D:DW1ffV&M G2�OU`�4BG�i��5�0 In October of 2010 th a City engaged the services of McCom In Group to complete a Market, Transportation, Land We /Design, and Finance/ Implementation study for downtown Monticello.5everal public meetings have been herd to capture the insight and comments of businesses, land owners, and residents at large. Four preliminary concept plans were presented at the public meetings and valuable feed back was received. The preliminary concept plans provide a strong recommendation to change the focus of downtown by 90 degrees. The consulting team is recommending the City make the followi ng changes: Encourage retai I shopping experiences to be concentrated on the west side of State Highway 25 and north and south sides of Broadway /CSAH 75. Office and medical uses should be encouraged to locate on the east side of Highway 25. The preliminary plans also outline the need to make a strong pedestrian corridor along Walnut Street from the Civic Center to the Mississippi Inver. Public art gathedng plazas, and additional park programming are highly recommended to be expanded in downtown Monticello. Additional recommendations to come w aid P CaTYerWFKn # BKOADWAY STREET PL-01 — In 4TH STREET F] ti�,u The consulting team is currently working on devel api ng design W guidelines, transportation recommendations, and implementation ; "`�" strategies. Great work has been cam pleted on the study thus far: however STW M ET # we are in the beginning stages of working through critical details. �� g It is anticipated detains will continue to be worked on through the end of a st+s+�fY sum mer. Add itional pu hl is meetings will be held in early fall with a target adoption date of mid fall. C. aM. i If you are interested in receiving additional information please contact EnspgRetail Megan Bamett- Livgard at 763.271.3208 or ham` Megan .BarnettCa'Ci,montiCello.nrn,us. YOU can also view the preliminary concept plans and power point presentations on line at w. ci.rnonticellO.mn,us.. Click on`city services," "community development:Mowr town development, "and then "embracing downtown" Volunteer Opportunity: Ecol The City of Monticello is seeking applicants to fill an open position on the Economic Development Authority (EDA). You must be resident of Monticello to be eligible for this position. The EDA is charged with coordinating and administering the City of Monticello's economic development and redevelopment plans and programs. The EDA also oversees statutory Housing Redevelopment Authority (HRA) responsibilities. comic Development Authority (EDA) The EDA meets on the second Wednesday of every month at 6pm. If you are interested in this volunteer position, please complete the City of Monticello Volunteer Application and return to: City of Monticello, Attn: HR, 505 Walnut Street, Suite 1, Monticello, MN 55362 FAX 763.295.4404 Applications can be found on the City's website (www.ci.monticello.mn.us) or picked up at the City Hall reception counter. Objectives Include: Attracting jobs and new businesses, Job retention and expansion, Enhancing downtown, and Facilitating redevelopment and housing redevelopment Deadline forapplications August8,2011. � � � � � 0 � � 0 � 0 � � .� LU w 0 F- U) � R § / \ o _ 2 k / , o m / 2 : CD 04 \ cu a) E ° 2 9 o- E : � CD ¥ ƒ 7 CO § R 2 s 2 § " ® & � ¢ 2 % E � f � 7 cu \ S\% o a k a) m � CL k k : CL r J / k � _ _ ® -a / 0 k M ® $ ® cu � % R n 2 @ 7 / / \ g � c 2 � e CL _ c $ CD " / k § / � CL / a o a) G o E 2 a) a) CU cu q / § Ni 7 / & " � % ƒ . . 3 . . . , k / f K / § /�\\ �o§)? ) o -C 0 a [ /k §§ | /[_ a /° ] / ] � 0 0 � u 2 0 E � D 2 c W w O � m � $ I r N O L � iL LD i Q u i L 0 O t .N •O O Y Q v V1 � CM 5O .N L Li u O1 R C •O �Q VI O. R O U L O N O -O O d C d O 3 R R m r r.L � m a E x ��f • i. \\ I. v �n S iH I S HV[la� a 7:J1� INIc V } nQn grj7 rwP Pvd 1�W I i ii I � i iI i w E m A F ❑ 4 4 b N F � V a g N p5. 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O � Q ❑ O N C 0 V j (6 i°j (n O C 7 U N N Nc 0 > w G iOj 0 ll N O L p N Z Date: September 24, 2012 To: Angela Schumann From: Dan Wilson Re: Relocation Payments and Unpaid Rent The Uniform Relocation Act ( "URA ") states that relocation benefits for "replacement housing payments" may not be withheld from a residential tenant except for "advance payment ". The URA has no such restriction for businesses. The City, per the URA, can withhold relocation payment to businesses EXCEPT: The problem is your project is a MNDOT project /or at least it will be. Their policy is not to withhold relocation benefits for any reason, no matter how we interpret the regulations. We recommend to Agencies with NON -MNDOT /Federal dollars, that they just go ahead and use relocation funds to pay unpaid rent. In Monticello's case, if relocation dollars are used to pay unpaid rent, this could be an audit exception. I have no idea what the consequences may be. We have no problem calling the unpaid rent an advance relocation payment and relocation dollars are used for paying lost rent. Since EDA funds were used to acquire the property, you could argue that MNDOT has no say. They certainly don't for the bike shop (2) residential tenants as MNDOT will not be taking title to any of that property. Please call with any questions, comments or concerns at 952 - 448 -4630.