IDC Minutes 02-01-1980
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MINU ES
BUSINESS & INDUSTRIAL EVELOPMENT COMMITTEE
February 1, 1980 - 3:30 P. 1M. - Monticello City Hall
Members Present: Lloyd Lund, Marn Flick~r, Bud Schrupp.
Members Absent: John Poirier
Council Members in Attendance: Dan Blonilgen, Fran Fair, Arve Grimsmo.
Purpose of this meeting was a review by John Uban with Howard Dahlgren
Associates of the Oakwood School study.
Mr. Uban presented two conceptual designs of the Oakwood School, along
with the block to the south, depicting a potential library site for the
City of Monticello.
One of the concepts showed a theme with parking in the middle of the block
and retail stores along Walnut and Pine Streets. In this conceptual plan,
there was room for approximately 30,000 square feet of retail space according
to John Uban. The second conceptual plan had parking on the corner of
Pine Street and Third Street, and also the corner of Walnut and Third Street.
In this particular conceptual design, the proposed retail stores were set back
from Walnut and Pine Streets with parking in front of the buildings.
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The Business & Industrial Development Co ittee recommended to the Council
that the first conceptual plan with parking in the middle of the block should
be the one approved. Furthermore, they indicated that the Library should go
on the block south of the Oakwood block and should not become part of the
Oakwood block itself. Additionally, the felt that the possibility of the
Dowling property should be pursued further. According to Mr. Uban, he felt
that with the parking lot in the middle,this concept would allow for the
construction of this improvement first prior to the City selling the rest
of the land, and this would be an enhancement to attracting businesses, etc.
Furthermore, he indicated that the second conceptual plan allowed for only
approximately 20,000 square feet in retail area.
Additionally, the purchase by the City 0 the Monticello Ford building through
tax increment financing was discussed. It was the consensus of the Committee
members present that if a developer such as Sam Peraro could be found to buy
this site, tax increment financing should be used. However, it was felt at
the same time that the asking price of Mr. Jones, $100,000 for his building,
would not allow for the purchase of this particular property in order to
straighten out the alleyway. It was the consensus of those present that
eminent domain proceedings would never be used against Mr. Jones to secure
his property. If the development that Sam Peraro had once talked about - that
is, the 13,500 square foot office building - were put in this block, it would
appear that the incremented taxes would e more than sufficient to pay for
the clearance and demolition, and resale of the site, along with alleyway
improvements and improvements to the parking lot along with land acquisition
for the parking lot.
Meeting adjourned.
J~ a!~
~y~W. , Cfty Administrator
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