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City Council Agenda Packet 12-27-1983AGENDA FOR THE SPECIAL MEETING OF THE CI Ty COUNCIL Tuesday, December 27, 1983 5:00 o'clock p.m. 1. Call to Order. 2. Consider Final Plat for Monticello Country Club. 3. Public Hearing - RE: A Proposal under the Municipal Industrial Development Act. 5. Approval of Remaining December Bills. 6. Adjourn. Council Agenda - 12/27/83 AGENDA SUPPLEMENT 2. Consider Final Plat for Monticello Country Club. (T.E.) A. REFERENCE AND BACKGROUND: Jim Metcalf, representing the Monticello Country Club, contacted me last week to find out about getting their final plat approved so that it could be recorded before the end of the year. He stated that it was his recollection that the Council and Planning Commission, in the early discussions about this matter, had consented to holding a combined meeting for the express purpose of getting this plat completed before the end of the year. I told Jim that I had no recall of such an agreement. I explained that the original discussions in the City Hall Conference Room with Jean Brouillard and Howard Gillham was that we would make the necessary arrangements to re- assign the assessments and take care of their delinquencies providing they, as the developers, would proceed with the subdivision as it is laid out in the ordinance. What I was intending to express to them is that they ought not ask for additional favors in going through the subdivision process, that the City was being very responsive and cooperative and to request more special favors would only create problems. Mr. Metcalf's reference to item number 2 in the final signed agreement is that the City accepts the obligation as much as the developer to got the process completed by the end of the year. While that certainly was not my intent when stipulating this provision, I have no trouble with proceeding in this manner. On Tuesday, December 20, Mayor Grimamo called me and certified the request for this item appearing on thu agenda for the already established opecial meeting of December 27. Gary Anderson is in tho process of trying to contact at least three Planning Commission members to request their presence and a motion from them so that we at least meet the minimum requirements of our subdivision ordinance. If we are unable to contact a quorum of Planning Commission members, the Council has the right to waive the requirement and take their own action on the plat without previous Planning Commission action. C. STAFF RECOMMENDATION. In order to expedite this entire matter, I recommend that the plat be reviewed and granted approval if all of the previously mentioned con - corns have boon adequately addreasod. - 1 - Council Agenda - 12/27/83 3. Public Hearing - RE: A Proposal under the Municipal Industrial Development Act, and 4. Consider Adoptinq the Resolution of Preli minary Approval. (T. E. A. REFERENCE AND BACKGROUND: These two items, which are interconnected , arc the original reason why the special meeting was set. There is little new information to provide. Under the heading of public hearing, representatives of Key Manufacturing will be present to discuss their proposal. They should be providing a basic summary of their intent. Upon the closing of the public hearing, the Council should consider adopting the Resolution of Preliminary Approval. Again, I wish to emphasize that this is not granting final approval. Basically, the resolution states that it appears to be a feasible project under the limitations of FS 474 and the Council is prepared to lend its tax exempt status to the project. It is the adoption of this resolution that is the official action the developers need to have occur prior to the end of the year in the event the federal legislature puts restrictions on industrial revenue bonds. D. SUPPORTING DATA: Copy of the resolution granting preliminary approval. - 2 - RESOLUTION 1:0. 1983 RESOLUTION GIVING PRELIMINARY APPROVAL TO A PROJECT UNDER THE MUNICIPAL INDUSTRIAL DEVELOPMENT ACT, REFERRING THE PROPOSAL TO THE MINNESOTA ENERGY AND ECONOMIC UEVELOPMENT AUTHORITY FOR APPROVAL, AND AUTHORIZING PREPARATION OF NECESSARY DOCUMENTS WHEREAS, the welfare of the State of Minnesota (the "State") requires active promotion, attraction, encouragement and development of economically sound industry and eoaanerco through governmental acts to prevent, so far as possible, emergence of blighted lands and areas of chronic unemployment, and it is the policy of the State to facilitate and encourage action by local government units to prevent the economic deterioration of such areas to the point where the process can be reversed only by total redevelopment through the use of local, state, and tederal tunds derived tram taxation, with the attendant necessity of relocating displaced persons and of duplicating public services in other areasi and WHEREAS, technological change has caused a shift to a significant degree in the area of opportunity for educated youth to processing, transporting, marketing, service and other industries, and unless existing and related industries are retained and new industries are developed to use the available resources of the City of Monticello (the "City"), a large part of the existing investment of the community and of the State as a whole in educational and public service facilities will be lost, and the movement of talented, educated personnel of mature age to areae where their services may be effectively used and compensated and the lessening attraction of persons and businesses from other areas for purposes of industry, commerce and tourism will deprive the City and the State of the economic and human resources needed as a base for providing governmental services and facilities for the remaining population) and WHEREAS, the increase in the amount and cost of governmental services requires the need for more intensive development and use of land to provide an adequate tax base to finance these costal and WHEREAS, a representative of Key Tool G Plastics, Inc. (the "Developer"), has advised this City Council that it, desires to acquire land and construct a now building for industrial use thereon in the City (hereinafter referred to au the "Project"); and WHEREAS, the existence of the Project in the City will contribute to more intensive development and use of land to increase the tax base of the City and overlapping taxing authorities and maintain and provide for an increase in opportunities for employment for residents of the City, including economically disadvantaged or unemployed Individualst and WHEREAS, the City has been advised that conventional, commercial financing to pay the capital cost of the Project is available at such costs of borrowing that the economic feasibility of operating the Project would be significantly reduced, but that with the aid of municipal financing, and its resulting lower borrowing cost, the Project is economically more feasible; and WHEREAS, this Council has been advised by a representative of the Developer that on the basis of information submitted to them and their discussions with representatives of area financial institutions and potential buyers of tax-exempt bonds, industrial development revenue bonds of the City could be issued and sold upon favorable rates and terms to finance the Project; and WHEREAS, the City is authorized by Minnesota Statutes, Chapter 474, to issue its revenue bonds to finance the cost, in whole or in part, of the acquisition, construction, reconstruction, improvement, or extension of capital projects consisting of properties used and useful in connection with a revenue producing enterprise, such as that of the Developer, and the issuance of such bonds by the City would be a substantial inducement to the Developer to construct its facility in the City; and .E1L^ti, on. the basis of i:.:o:watica given theC. -r to iit appaarc that it would be in the best interest of the City to issue its industrial development revenue bonds under the provisions of Chapter 474 to finance the Project of the Developer in an amount presently estimated not to exceed $475,000.00. NOW, THEREFORE, BE 1T RESOLVED THAT: 1. The Project is hereby given preliminary approval by the City and the isuuance of the revenue bonds for such purpose and in such amount approved, subject to approval of the Project by the Minnesota Energy and Economic Uevelopment Authority and to the mutual agreement of this body , the Developer and the initial purchaser of the bonds as to the details of the bonds and provisions for their payment. In all events, it is understood , however, that the bonds of the City shall not constitute a charge, lien or encumbrance legal or equitable uFon any property of the City except the Project, and the bonds, when, as, and if issued, shall recite in substance that the bonds, including interest thereon, is payable solely from the revenues received from the Project and property pledged to the payment thereof, and shall not constitute a debt of the City. 2. In accordance with Minnesota Statutes, Section 474.01 ,-Subdivision 7a, the Mayor of the City is hereby authorized and directed to submit the proposal for the Project to the Minnesota Energy and Economic Development Authority for approval of the Project. The Mayor and other officers, employees and agents of the City are hereby authorized to provide the Minnesota Energy and Economic Development Authority with any preliminary information needed for this purpose, and Lila City Attorney is authorised to initiate and assist in the preparation of such documents as may be appropriate to the Project, it it is approved by the Minnesota Energy and Economic Development Authority. d. The law firm of 11olmes a Craven, Chartered, is authorized to act as Uusd Counsel and to assist in the preparation and review of necessary documents relating to fila Project and bonds Issued in connection therewith. The Mayor, City Attorney, and other officers, employees and agents of the City are hereby aLt Y.vriLetl to aabut Baud Ccus,awl in Lim i,ivi,aiiti„n or 1.Jtn dLQcw"nta. 4. In accordance with Minnesota Statutes, Section 474.01, Subdivision 11, the City Clerk/Treasurer and other officers, employees and agents of the City are hereby authorized and directed to encourage the Developer to provide employment opportunities to economically disadvantaged or unemployed individuals. Such individuals may be identified by such mechanisms as are available to the City, including a first source agreement in which the Developer agrees to use a designated State employment office as a first source for employment recruitment, referral, and placement. Adopted this day of , 1983. Thomas A. £idem City Administrator Arve A. Grimsmo, Mayor GENERAL FUND DECEMBER 1983 AMOUNT CHECK N0. Northern States Power - Utilities for November 1983 6,877.73 18224 Phillips Petroleum - Gas 14.10 18225 V.icglcr, Inc. - Payment on Caterpillar -'930 Loader 12.586.81 1822b U.S. Postmaster - Stamps 200.00 18227 Banker's Life Insurance - Group Health Ins. for November 3.b14.913 18228 Tom Eidem - Mileage for December 82.22 18229 State Capitol Credit Union - Payroll withholdings 144.04 18230 Gerald Hermes - Janitorial Services at Library 125.00 18231 MN. State Treasurer - Watercraft Receipts 70.00 18232 MN. State Treasurer - Snowmobile Receipts 130.00 18233 MN. State Treasurer - PERA Secretary - PERA Withholdings 1,371.3 5 18234 Wright County State Bank - Purchase of 89 Day Banker's Accept. 488,074.53 18235 Wright County Highway Depart. - Sand/Salt Mix 1,785.00 18236 Dr. Joel Erickson - Euth. Services for July thru Nov. 1983 380.00 18237 Mobil Oil Credit Corp. - Gas for Water 6 Fire Depart. 139.52 18238 St. Cloud Restaurant Supply - Supplies 34.32 18239 Treasurer, State of Minnesota - Water Testing Services 197.8 3 18240 ^ The Plumbcry - Cleanhumidifier at Library 28.00 18242 Monticello Fire Department - Wages thru 12/12/83 524.00 1.8243 Gruys, Johnson and Assoc. - Computer Services for October 1983 290.00 18244 Feed -Rite Controls, Inc. - Operating supplies for Water Depart. 2,292.7b 18245 Mayor Arvo Grimsmo - Salary for Orderly Annexation Board Mtg. 75.00 18246 Leroy Engstrom - Salary for Orderly Annexation Board Mcg. 165.60 18247 Franklin Donn - Salary for Orderly Annexation Board Mtg. 90.00 18248 Marjorie Gootzko - Salary for Orderly Annexation Board Mtg. 142.50 18249 Tom Salkowski - Salary for Orderly Annexation Board Mtg. 125.00 18250 First Bank Minneapolis - Public Fund Charges 4.00 18251 Central Eyewear - Safety Glasses 17.00 18252 Jim Hatch Sales Company, Inc. - Gloves 54. b0 18253 Phillips Petroleum Company - Gas for Water Department 19.(o7 18254 Clutch s U -Joint Brooklyn Park - Parts 29.80 18255 Monticello Fire Department Relief Assoc. - 2% State Aid Contrib 16,716.00 18256 Equitable Life Assurance Society of the U.S. - Ins Withholdings 40.00 18257 Allen Pelvit - Mileage 23.02 18258 Leaf Brothers, Inc. - Uniforms for Hovembor 1983 163. 10 18259 SMA Construction - Parte 5.20 18260 Northern States Power - Installation of Street Light at Meadow -)ak 304.00 18261 Northern Power Products, Inc. - Parts 17. 39 18262 TOTAL CASH DISBURSEMENTS $537,079.25 LIQUOR FUND DECEMBER 1983 TOTAL CASH DISBUSEMENTS $39,238.15 AMOUNT CHECK NO. I Northern States Power - Utilities for November 1983 458.03 11015 Banker's Life Insurance - Group Health Ins. for November 361.26 11016• State Capitol Credit Union - Payroll Withholdings 20.00 11017 ? MN. Department of Revenue - Sales Tax for November 1983 6,113.41 11018 MN. State Treasurer - PERA Withholdings thru 12/15/83 164.67 11019 Ed Phillips 6 Sons Company - Wine and Liquor Purchase 15,106.06 11020 Griggs, Cooper and Company, Inc. - Wine and Liquor Purchase 7,766.25 11021 Quality Wine and Spirits Company - Wine Purchase 754.64 11022 void 11023 Twin City Wine Company - Wine Purchase 3,695.97 11024 Old Dutch Foods, Inc. - Misc. Purchases 237.12 11025 Ed Phillips 6 Sons, inc. - Liquor and Wino Purchases 4,560.74 11026 TOTAL CASH DISBUSEMENTS $39,238.15