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HRA Agenda 02-07-1990AGENDA MONTICELLO HOUSING AND DEVELOPMENT AUTHORITY �1 Wednesday, February 7, 1990 - 7:OOPM City Hall MEMBERS: Chairperson Al Larson, Ben Smith, Lovell Schrupp, Everette Ellison, and Tom St. Hilaire. CITY STAFF: Rick Wolfsteller, Jeff O'Neill, and 011ie Koropchak. GUEST: Business Development Services, Inc. 1. CALL TO ORDER. 2. APPROVAL OF THE JANUARY 3, 1990 HRA MINUTES. 3. PUBLIC HEARING AND CONSIDERATION TO ADOPT THE RESOLUTION RELATING TO THE MODIFICATION, BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO, OF THE REDEVELOPMENT PLAN RELATING TO REDEVELOPMENT PROJECT NO. 1, THE MODIFICATION OF THE TAR INCREMENT FINANCING PLANS RELATING TO TAX INCREMENT FINANCING DISTRICT NOS. 1-1 THROUGH 1-8 _ AND THE APPROVAL AND ADOPTION OF THE TAX INCREMENT } FINANCINGPLAN RELATING TO TAX INCREMENT FINANCING DISTRICT N0. 1-9, ALL LOCATED WITHIN REDEVELOPMENT PROJECT NO. 1. (TAPPER, INC.) 4. CONSIDERATION OF ADDITIONAL INFORMATION ON TAX INCREMENT FINANCE PLAN RELATING TO TAX INCREMENT FINANCE DISTRICT NO. 1-9. (HARTIE FARM SERVICE.). 5. CONSIDERATION TO ADOPT THE CERTIFICATE OF COMPLETION AND RELEASEOF FORFEITURE FOR THE DEVELOPMENT AGREEMENT BETWEEN THE HOUSING AND REDEVELOPMENT AUTHORITY AND NORTHERN STATES POWER COMPANY. 6. CONSIDERATION TO SET A SPECIAL HRA MEETING FOR THE PUBLIC HEARING AND ADOPTION OF THE TAX INCREMENT FINANCE PLAN RELATING TO TAX INCREMENT DISTRICT NO. 1-10. (REMMELE ENGINEERING, INC.) 7. CONSIDERATION OF AN UPDATE ON THE DAVID FICEK AND K -MART PROJECTS. 8. CONSIDERATION TO REVIEW AND ADOPT 1990 HRA GOALS. 9. OTHER BUSINESS. 7 10. ADJOURNMENT. MINUTES MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY V Wednesday, January 3, 1990 - 7:00PM City Hall MEMBERS PRESENT: Chairperson Al Larson, Ben Smith, Lovell Schrupp, and Tom St. Hilaire. MEMBER ABSENT: Everette Ellison. STAFF PRESENT: Jeff O'Neill and 011ie Koropchak. GUEST: Bob Heck and Deb Graham, BDS, Inc. Bill and Barb Tapper, and Lance Hartkopf, Tapper Inc. 1. CALL TO ORDER. The HRA meeting was called to order at 7:02 PM by Chairperson Al Larson. 2. APPROVAL OF THE DECEMBER 6, 1989 NRA MINUTES. Ben Smith made a motion to approve the December 6, 1989 HRA minutes, seconded by Lovell Schrupp. Without further discussion the minutes were approved 4-0 as written. V- 3. PUBLIC HEARING FOR THE DISPOSITION OF LAND FOR TIF DISTRICT NO. 1-9. The modified Redevelopment Project and Finance Plan No. 1 and the Tax Increment Finance Plan No. 1-9 having been available for review at the City Hall by the public and after proper publication notice, Chairperson Al Larson opened the public hearing. With no oral or written comments on the disposition of land for TIF District No. 1-9, the public hearing was closed. CONSIDERATION TO APPROVE THE RESOLUTION RELATING TO THE MODIFICATION OF THE REDEVELOPMENT PLAN RELATING TO REDEVELOPMENT PROJECT NO. li THE MODIFICATION OF THE TAX INCREMENT FINANCING PLANS RELATING TO TAX INCREMENT FINANCING DISTRICTS NOS. 1-1 THROUGH 1-8 AND THE APPROVAL AND ADOPTION OF THE TAX INCREMENT FINANCING PLAN RELATING TO TAX INCREMENT FINANCING DISTRICT NO. 1-9. The Tax Increment Finance Plan relating to Tax Increment Finance District No. 1-9 having been prepared with a budget for land acquisition of $17,500 ($2,500 annually over 7 years) and administration coat of $3,600. The budget being consistent with the HRA authorization for BDS. Inc. to prepare the TIP Finance Plan. This authorization based on the developer's willingness to construct a 9,720 eq ft metal building (2,268 eq ft commerical display/office and 7,452 aq ft agricultural product warehouse.) Agricultural products of Cargill HRA Minutes 1/3/90 Page 2 4. CONTINUED. supplies, seed corn, salt, grains, wood shavings, straw bales with production of bird seeds and grain cleaning during harvest season. Commercial products of pet food and supplies, power equipment, grass seeds, etc. Additionally, authorization based on the developer's willingness to apply proper screening for outdoor and indoor storage. Deb Graham expressed the TIF Plans were distributed to the school district, hospital district, and county commissioners on December 22, 1989 with a planned City Council public hearing and plan adoption on January 22, 1990. Tom St. Hilaire made a motion to adopt the resolution relating to the modification of the redevelopment plan relating to Redevelopment Project No. 1, the modification of the Tax Increment Financing Districts Nos. 1-1 through 1-8 and the approval and adoption of the Tax Increment Financing Plan relating to Tax Increment Financing District No. 1-9. Ben Smith seconded the motion, with no further discussion the motion passed 4-0. The HRA adopted the plan based on the larger agricultural product warehouse to be constructed in ratio to the commerical display/office, ,t increase of property value, and three additional gobs. This applying consistency to the HRA policies and assisting a small local developer. S. CONSIDERATION TO AUTHORIZE BDS1 INC. TO DRAFT A TIF PLAN FOR ESTABLISHMENT OF ECONOMIC DISTRICT NO. 1-10 FOR TAPPER. INC. Mr. Bill Tapper introduced himself and his wife, Barbara, ovnorsof Tapper, Inc. and Lance Hartkopf, finance director for Tapper, Inc. Mr. Tapper gave a brief summary of his professional background, being a graduate engineer and sales management, originally in the micro wave business which load to the purchase of Generoux five to six years ago. In those past six years, sales have grown from $300,000 to $1,400,000. Presently, the company manufactures a full lino of unfinished custom storages primily for the single family home market (kitchen and bath.) Westlund Distributing, also a business of Toppors, distributes hardware to the cabinet manufacturing industry. With their planned expansion, apace and employment would allow them to ship finished products and enter the decorating parte market and provide a full line of services (financial). v HRA Minutes 1/3/90 Page 3 5. CONTINUED. Expansion plans include an initial 20,000 square foot concrete building with an additional 5.000 square feet as mezzanine, with capabilities to expand to 100,000 square feet. Currently, Tapper's Inc. employs 25 people plus an additional 10 seasonally. Initial expansion plans include an additional 25 jobs with high school part time @ $4.00-$5.00 and skilled labor @ $11.00. Tapper's present facility limits their sales because of unability to offer a complete line of service. Tapper's contracts to kitchen dealers on new higher quality construction and employs four sales personnel. Site selection is Lot 4, Block 2, Oakwood Industrial Park inwhich they plan to utilize the Swale as a natural parkway and building itself will be similar in design to NAWCO. The Tapper's selected Monticello for a various reasons, however, they indicated the nice people, the availability of the industrial park, and the financial proposal assistance. Mr. Tapper felt it was not reality to expect an industrial park of all concrete structures and to: thereaftei,. the land cost would increase. He did not find the industrial park unattractive. Construction plans are to begin this spring with occupancy in the fall. Bob Heck and Deb Graham informed the HRA of the TIF schedule with planned adoption of TIF Plan at the City Council on February 26th. An approximate $77,500 TIF assistance is estimated for the write down of land cost plus the use of the Small Business Development Loan (IDB) and the Greater Monticello Enterprise Fund. Total estimated project coats is $850,000. Lowell Schrupp made a motion authorizing BDS, Inc. to draft a TIF Plan for economic district no. 1-10. (Tapper, Inc.), the motion was seconded by Ben Smith and passed 4-0 without further discussion. The project is consistent. with HRA policy considerations one, two, three, and eight. Mr. Bob Heck asked the HRA to adopt a resolution of support for the Minnesota Small Business Development Loan, thereby, allowing Tapper expenses to start occurring. Tom St. Hilaire made a motion to adopt a resolution of support for the Minnesota Small Business Development Loan for Tapper, Inc. The motion was seconded by Lowell Schrupp and passed 4-0 without further discussion. Chairperson Larson thanked Mr. and Mrs. Tapper, and Mr. Hartkopf for their presentation and welcomed them to the community. HRA Minutes 1/3/90 Page 4 6. CONSIDERATION TO HEAR TIF PROPOSAL PRESENTED TO BRIDGE WATER TELEPHONE COMPANY. Koropchak informed the HRA of Btaff'e proposal as presented to Mr. Rierson based on the HRA's encouragement to swap lands with the City to discourage the illegal use of a non- conforming use at their present location on West County Road 39. Bridge Water's intent was to expand at their present location which can be completed with the amendment of the city ordinance. City staff did not see it as a benefit to remove the present Bridge Water property from the tax rolls and to encourage market efforts of the city lots in Oakwood Second Addition they presented Bridgewater with the following proposal. Pay-as-you-go Option of $2,750 over 8 years for land cost and site improvements (land fill) on Lot 6, Block 1, Oakwood Industrial Park. Second Addition, with Bridge Water retaining ownership of their existing property with contingent upon marketing and selling the property to a PZM legal conforming use. Proposed facility is 12,000 square feet of warehouse /storage. metal construction with contrasting Dundas Road front and windows, increase of employment within Bridge Water office and service area. HRA members inquired why the use of TIF, Koropchak responded to the HRA original interest in this project and why city staff presented Mr. Rierson with a proposal inclusive of TIF. Mr. Rierson did not approach the city for the use of TIF or the idea to relocate their storage facility. Chairperson Al Larson made a motion to deny the use of Tax Increment Finance to Bridge dater Telephone Company, seconded by Tom St. Hilaire and passed 4-0 without further discussion. The denial was determined by the HRA because it only met one of the HRA policy considerations (No. 1) and felt assistance was not necessary.. 7. CONSIDERATION TO ELECT 1990 HRA OFFICERS AND TO ESTABLISH 1990 HRA COALS. In accordance with HRA By-laws, the Chairperson remains in office until such time as his term expires. Tom St. Hilaire made a motion of HRA officers: Ben Smith. Vice Chairperson; Rick Wolfateller, Treasurer; and Koropchak, Executive Secretary. Lowell Schrupp seconded the motion and the motion panned 4-0 without further discussion. Tom St. Hilaire suggested the HRA goals consist of tangible results such as three additional industries with amployamnt of 50 each. Staff is to write suggested goals, mail the 1989 and 1990 goals to members, and call o spacial eweting. Chairperson 7 Larson suggested the City hold a strategic planning seminar �► sim111ar to the School Districts of which had an excellent facilitator. Jeff O'Neill informed the HRA members that was the real purpose of the joint meeting held in June. HRA Minutes 1/3/90 Page 5 8. CONSIDERATION OF AN UPDATE ON REMMELE ENGINEERING AND THE LINCOLN COMPANIES. Koropchak informed the HRA members of the planned meeting with Remmele officers and legal counsel, city staff, and IDC and HRA Chairpersons on Friday. January 12, 1990. Remmele Engineering plana to construct an approximate 20,000 sq ft facility with intital employment of 50 with potential to expand an additional 40,000 sq ft and an additional 100 employment in 3-5 years. Hopes are to receive a go-ahead for a Monticello location from Remmele, thereby, coordinating the TIF plan schedule with Tapper, Inc. Al Larson made a motion authorizing BDS, Inc. to draft a Tax Increment Finance Plan for TIF District No. 1-11 and schedule the HRA public hearing for February 7, 1990, contingent upon Remmele's decision to locate in Monticello. The motion was seconded by Ben Smith and without further discussion passed 4-0. Tom St. Hilaire suggested for the city to do whatever it takes to get Remmele to Monticello. Jeff O'Neill updated the HRA members on The Lincoln r Companies project. The project is still a go-ahead, however, being very complex because of necessary public improvements. Secondary pond may be necesary for K -Mart run off, Seventh Street elevation needs to be raised for K -Mart parking lot therefore no road access off Seventh Street to Hornig's property which may necessiato the acquisition of the bank property. The Lincoln Companies has not received financing, the city has seen no lease agreement, and the cost keep increasing. TIF funds are presently at approximately $437,000. Buffalo's Walmart project use of TIF is $600,000. 9. OTHER BUSINESS. Koropchak asked HRA members who was interested and planning to attend the seminar, Using Tax Increment Finance, on February 7. The seminar is all day and includes lunch and breaks at a cost of 165 per person paid by the City. Ben Smith and Koropchak indicated yen, yea from Al Larson If schedule permits, check with Everette Ellison, and no from Tom St. Hilaire, Lowell Schrupp, and Jeff O'Noill. 10. ADJOURNMENT. The HRA meeting adjourned at 8:45 PH. honC, 011ie Koropchak HRA Executive Secretary HRA Agenda Staff recommends adoption of the resolution contingent upon HRA determination of meat the HRA policy considerations. 3. PUBLIC HEARING AND CONSIDERATION TO ADOPT THE RESOLUTION RELATING TO THE MODIFICATION, BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO, OF THE REDEVELOPMENT PLAN RELATING TO REDEVELOPMENT PROJECT NO. It THE MODIFICATION OF THE TAR INCREMENT FINANCING PLANS RELATING TO TAX INCREMENT FINANCING DISTRICT NOS. 1-1 THROUGH 1-8 AND THE APPROVAL AND ADOPTION OF THE TAX INCREMENT FINANCING PIAN RELATING TO TAX INCREMENT FINANCING DISTRICT NO. 1-9, ALL LOCATED WITHIN REDEVELOPMENT PROJECT NO. 1. A. REFERENCE AND BACKGROUND. This is a public hearing for the disposition of lands for the Tapper, Inc. project and use of Tax Increment Financing. Mr. and Mrs. Tapper having presented the HRA with information regarding the nature of their business and information of their planned expansion at the January HRA meeting. The RRA authorizied BUS, Inc. to draft a TIF Plan relating to TIF District 1-9 for distribution to the county, hospital and school district on January 26, 1990, setting a HRA Public Hearing fur February 7 and the City Council Public Hearing on February 27. With the assumption of the public hearing being opened and having no oral or written comments from the public on the disposition of land for TIF District No. 1-9, the public hearing may be closed. The TIF Plan budget for Tapper, Inc. is land acquisition of $77,500; administration, 115,000; professional services, $5.000; capitalized interest, $24,500; and Bond Discount, $3.000 for a total of $125,000. Estimated adjusted annual tax increment is 122,500. The TIF Plan relating to TIP District 1-9 is available at City Hall for review. Tapper, Inc. plans to construct a 20,000 sq ft concrete manufacturing area and 5.000 sq ft mezzanine/office space with the addition of 25 jobs for a total of 50 jobs. Site location is Lot 4, Block 2, Oakwood Industrial Park, 7.6 acres. Please review the HRA policy consideration prior to a motion to adopt or deny the resolution. B. ALTERNATIVE ACTION. 1. Adopt the resolution for modification of redevelopment project no. 1, modification of TIF Plans nos. 1-1 through 1-9, and approval and adoption of the TIP Plan relating to TIF District 1-9. 2. Denial of resolution. C. STAFF RECOMMENDATION. Staff recommends adoption of the resolution contingent upon HRA determination of meat the HRA policy considerations. HRA Agenda Page $'Y d 3. CONTINUED. D. SUPPORTING DATA. 1. Copy of the resolution. 2. Copy of HRA policy considerations. 3. Copy of the HRA public hearing notice. 4. Copy of the site location map. 4l V Councilmember introduced the following resolution, the reading of which was dispensed with by unanimous consent, and moved its adoption: HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO WRIGHT COUNTY STATE OF MINNESOTA RESOLUTION NO. A RESOLUTION RELATING TO THE MODIFICATION, BY THE HOUSING AND REDEVELOMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO, OF THE REDEVELOPMENT PLAN RELATING TO REDEVELOPMENT PROJECT NO. 1, THE MODIFICATION OF THE TAB INCREMENT FINANCING PLANS RELATING TO TAX INCREMENT FINANCING DISTRICTS NOS. 1-1 THROUGH 1-8 AND THE APPROVAL AND ADOPTION OF THE TAX INCREMENT FINANCING PLAN RELATING TO TAX INCREMENT FINANCING DISTRICT NO. 1-9, ALL LOCATED WITHIN REDEVELOPMENT PROJECT NO. 1. BE IT RESOLVED by the Commissioners (the •Commies loners•) of the Housing and Redevelopment Authority (the •Authority') in and for the City of Monticello, Minnesota (the •City•), a e follows: Section 1. Recitals. 1.01. It has been proposed that the Authority modify, by increased project costs, Redevelopment Project No. 1, pursuant to and in accordance with Minnesota Statutes, Sections 469.001 to 469.047, inclusive, as amenaea. Ie-ia— been further proposed that the Authority modify, by increased project costs , the Tax Increment Financing Plans relating to Tax Increment Financing Districts Nos. 1-1 through 1-8 and establish Tax Increment Financing District No. 1-9 and approve and adopt the Tax Increment Financing Plans relating thereto, all located within Redevelopment Project No. 1, pursuant to and in accordance with Minnesota Statutes, Sections 469.174 to 469.179, inclusive, as amended. 1.02. The Authority has investigated the facts and has caused to be prepared a proposed Modified Redevelopment Plan (the "Modified Redevelopment Plan") for Redevelopment Project No. 1, defining more precisely the increased project costs to be made to Redevelopment Project No. 1, the proposed Modified Tax Increment Financing Plans for Tax Increment Financing Districts Nos. 1-1 through 1-8 and Tax Increment Financing Plan (the "Tax Increment Financing Plan") for Tax Increment Financing District No. 1-9 (collectively referred to as the "Plans"). 1.03. The Authority and the City have performed all actions required by law to be performed prior to the modification of Redevelopment Project No. 1, the modification of Tax Increment Financing Districts Nos. 1-1 through 1-8 and the establishment of Tax Increment Financing District No. 1-9 and the adoption of the Plans relating thereto. 1.04. The Authority hereby determines that it is necessary and in the best interest of the City at this time to modify Redevelopment Project No. 1, to modify Tax Increment Financing Districts Nos. 1-1 through 1-8 and to establish Tax Increment Financing District No. 1-9 and approve the Plans relating thereto, and to request that the City Council (the "Council") hold a public hearing relating to the above -stated matters. Section 2. Approval of the Modified Redevelopment Plan for Redevelopment Proiect No. 1. 2.01. Subject to the finding, determination, and approval of the Modified Redevelopment Plan for Redevelopment Project No. 1 by the City Council of the City, the Modified Redevelopment Plan for Redevelopment Project No. 1 is hereby approved by the Commissioners of the Authority. The increased project costs shall be described in the Modified Redevelopment Plan for Redevelopment Project No. 1 approved in Section 4 hereof. Section 3. Approval of the Tax Increment Pinancinq Plans for Tax Increment Pinancinq Districts No. 1-1 through 1-9. 3.01. Subject to the finding, determination, and approval of the Modified Tax Increment Financing Plans for Tax Increment Financing Districts Nos. 1-1 through 1-8 and Tax Increment Financing Plan for Tax Increment Pinancing District No. 1-9 by the Council of the City, the Tax Increment Financing Plans for Tax Increment Financing Districts Nos. 1-1 through 1-9 are hereby approved by the Commissioners of the Authority. G -2- 'r Section 4. Approval of the Respective Plans. 4.01. The Plans presented to the Authority on this date, are hereby approved and adopted by the Authority and shall be for- warded to the Council with the request that the Council hold a public hearing relating to the adoption of the Plans for Redevelopment Project No. 1 and Tax Increment Financing Districts Nos. 1-1 through 1-9. Section 5. Disposition of Public Lands. 5.01. The Authority held a public hearing, as of this date, regarding the disposition of public lands. The Authority hereby verifies that said public hearing was held and duly authorises the City Attorney and City staff to proceed with the implementation of the necessary documentation relating to said disposition of public lands. Section 6. Filinq of Plans. 6.01. The Authority shall cause the Plans, all as approved and adopted, to be filed with the Office of the Minnesota Department of Trade and Economic Development. Dated February 7, 1990 Attests Executive Director (SEAL) MD Chairman (a) loop? 3/1989 HOUSING AND REDEVELOPMENT AUTHORITY City of Monticello TAX INCREMENT FINANCING POLICY Program Purposes The Monticello Housing and Redevelopment Authority will utilize Tax Increment Financing to support the community's long-term economic and housing goals. Policy Considerations: The HRA will analyze and evaluate Tax Increment Financing proposals based upon the following policy considerations. Each project shall be measured against these considerations and the project's value shall be determined, based upon meeting these considerations. (1) The project shall be consistent with the City's Comprehensive Plan. (2) The project shall demonstrate long-term economic and/or housing benefits to the community. (3) The project shall create and/or retain employment for Monticello residents. (4) The project shall increase moderate priced housing options for area residents. (S) The project shall facilitate the redevelopment or elimination of "substandard" or "blighted" areas as determined by the HRA. (6) The project shall facilitate the "clean-up" of environmentally unsound property. (7) The project shall provide additional public funding for public improvemento including utilities and/or park development which would not otherwise be available. (8) The project shall be deemed to promote additional desired "spin-off" development. POLICY GUIDELINES (1) Tax Increment Financing will be considered for use in economic development, redevelopment and specialised housing projects. The standard level of assistance for projects shall be as follower NOTICE OF PUBLIC NEARDSO CITY OF MONTICELLO NOISING AND REDEVELOPMENT AUTHORITY COUNTY OF WRIGHT STATE OF MINNESOTA Notice Is hereby qhw that the NousbV rW Resawloprront Authority ftho "Authority"I of the City of Monticello. County o1 Wright, Stets of Mimtasots, will hold a pub9c herhrg February 7, 1990, at approxkriatety 7:00 p.m., at City Nati, Monticello, Mkrrsota, rdathtg to dre Ixoposed acquisition she disposition of pro - party ss outhorised in the Tax Incrarrmrit Fkten• cbV Pon for Tax fncra l Fir rchtg DlsUict No. 1.9. The property pfapoud for oWds tion rid al t dlapotitlon wHhin Tas Mnarttant F Din t No. 1.9 is h fonows: Lapel Ducrlp0on Lot 1, Bock 2, Oakwood Industrial Park, City of Montica0o. County of Wright. PID number: 15"18-002010 Owner: Oakwood Irgwhld Park (Feb. 1, 19901 i ExHISIT X—A Mimesota OEPAMANT OF ECONOMIC OEVELOPIrE44 Industrial Park Profile Oakwood Industrial Park Montitallo, Minnesota O 200 ♦00 FEET Q mNu>�Etf FOACW . Wr 1L. 0 HRA Agenda Page 3 4. CONSIDERATION OF ADDITIONAL INFORMATION ON TAX INCREMENT FINANCE PLAN RELATING TO TAA INCREMENT FINANCE DISTRICT NO. 1-9. A. REFERENCE AND BACKGROUND. It is upon Mr. Russ Martie's request that this item appears on the HRA agenda. Hr. Martie would like the opportunity to provide the HRA with additional information on his / proposed project in the Industrial Park, as he feels the operation of his business was not clearly defined. He is not asking the HRA for reconsideration of the amount of TIP assistance as was adopted by the RRA on January 3, (;2,500 over 7 years for a total $17,500, pay-as-you-go option.) The item results from the City Council's denial to Hartie's Farm Service for the use of TIP. Denial based on not setting a precedence of TIF assistance to competitive retail business. HRA Agenda Page 4 5. CONSIDERATION TO ADOPT THE CERTIFICATE OF COMPLETION AND RELEASE OF FOREFEITURE FOR THE DEVELOPMENT AGREEMENT BETWEEN THE HOUSING AND REDEVELOPMENT AUTHORITY AND NORTHERN STATES POWER COMPANY. A. REFERENCE AND BACKGROUND. This is a matter of house keeping, since the NS P's construction project has been completed for their maintenance service center in the Oakwood Industrial Park and an occupancy permit was issued by the Building Inspector, I suggest the HRA consider the following alternatives. B. ALTERNATIVE ACTIONS. 1. To adopt the certificate of completion and release of forefeiture for the development agreement between the Housing and Redevelopment Authority and Northern States Power Company. 2. To deny adoption of the certification of completion and release of forefeiture for the development agreement between the Housing and Redevelopment Authority and Northern States Power Company. C. STAFF RECOMMENDATION. Staff recommends Alternative No. 1 as the Building Inspector has issued the occupany permit stating that the structure was completed in accordance with city building requirements and prior to December 1, 1989 as stated in the Development Agreement. D. SUPPORTING DATA. 1. Copy of the certificate of completion and release of forefeiture. cN SCHEDULE D CERTIFICATE OF COMPLETION AND RELEASE OF FORFEITURE WHEREAS, The Housing and Redevelopment Authority In and for the City of , Minnesota, a body politic and corporate (the "Grantor"), by a Deed recorded In the Office of the County Rec::rder or the Registrar of Titles In and for the County of Wright and State of Minnesota, as Deed Document Number(s) and , respectively, has conveyed to , a Minnesota (the "Grantee"), the following described land in the County of and State of Minnesota, to -wit: Lot {, Block 3 OAKWOOD INDUSTRIAL PARK according to the recorded plat thereof, Wright County, Minnesota Except the east 215.71 feet thereof subject to easements of record. and WHEREAS, said Deed contained certain covenants and restrictions, the breach of which by Grantee, Its successors and assigns, would result in a forfeiture and right of re-entry by Grantor, Its successors and assigns, said covenants and restrictions being act forth in Sections 1 and 2 of said Deed; and `- WHEREAS, said Grantee has to the present date performed said covenants and conditions Insofar as It Is able In a manner deemed sufficient by the Grantor to permit the execution and recording of this certification; NOW, THEREFORE, this is to certify that all building construction and other physical Improvements specified to be done and made by the Grantee have been completed and the above covenants and conditions In said Deed have been performed by the Grantee therein and that the provisions for forfeiture of title and right to re-entry for breach of condition subsequent by the Grantor therein is hereby released absolutely and forever Insofar as It applies to the land described herein, and the County Recorder or the Registrar of Titles in and for the County of and State of Minnesota Is hereby authorized to accept for recording and to record, the filing of this Instrument, to be a conclusive determination of the satisfactory termination of the covenants and conditions of the contract referred to In said Deed, the breach of which would result In a forfeiture and right0of re-entry, but the covenants created by Sections 3 and 4 of said Deed shall remain In full force and effect. os D-1 Dated: , 19_ THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FORTHE CITY OF MONTICELLO, MINNESOTA IN THE PRESENCE OF: BY z STATE OF MINNESOTA ) ) ss. COUNTY OF WRIGHT ) on this day of , 19_, before me, a Notary Public within and for said County, personally appeared , to me personally known, who, being by me duly sworn, did say that (s)he is the of the corporation named In the foregoing Instrument; that the seal affixed to said Instrument is the corporate seal of said corporation; that said Instrument was signed and sealed in behalf of said eorporatlon by authority of its board of Commissioners; and said acknowledged said Instrument to be the free act and deed of said corporation. Notary Public STATE OF MINNESOTA ) a& COUNTY OF WRIGHT ) On this day of , 19_, before me, a Notary Public within and for said County, personally appeared , to me personally known, who, being by me duly sworn, did say that (B)he is the of the corporation named in the foregoing Instrument; that the seal affixed to said Instrument Is the corporate seal of Bald corporation; that said Instrument was signed and sealed In behalf of said corporation by authority of Its .3oard of Commissioners; and said acknowledged sakins( trument to be the free act and deed of said corporation. Notary Public D-4 HRA Agenda Page 5 6. CONSIDERATION TO SET A SPECIAL HRA MEETING FOR THE PUBLIC HEARING ANDADOPTION OF THE TAR INCREMENT FINANCE PLAN RELATING TO TAX INCREMENT DISTRICT NO. 1-10. A. REFERENCE AND BACKGROUND. Mayor Ren Maus having received a letter from Remmele Engineering directing city staff to begin the process of Tax Increment Financing and with a scheduled meeting of February 2 with BDS, Inc. for collection of data. The TIF schedule calls for the HRA public hearing and adoption of TIF Plans on Wednesday. February 21, 1990 at 7:00 PM. Remmele plans are for a 25,000 sq ft facility in the Industrial Park, Lot 6, Block 1, vacated Fallon Avenue and 2-3 acres of Jim Boyles property. Employment of 50. The HRA authorialed BDS, Inc. to draft a TIF Plan for Remmele at the January meeting. No action is necessary, please mark your calendar. B. SUPPORTING DATA. 1. Copy of the TIF Schedule. _ 2. Copy of a site location. 17 V 01/31/90 14:27 6127869034 BUSINESS DEVEL01PW4T SERVICES PACE 02 CITY OF MONTICELLO TAX INCREMENT FINANCING K -MART AND RE14MELE ENGINEERING SCHEDULE ----------------------------------------------------------------- ----------------------------------------------------------------- Data Collection January 31 MRA Notice to Newspaper (R) February 6 HRA Notice Published in Newspaper (R) February 8 Distribution February 9 HRA Notice Published in Newspapor (R) February 15 HRA Meeting (R) February 21 City Calls for Public Hearing February 28 City Notice to Newspaper February 27 City Notice Published in Newspaper March 1 a Q Planning Commission March 8 Public Hearings (K -Mart and Rsmmels) March 12 Execution of Development Agreement March 30 9 1 „I 1 s NDUSTRIA' 19 ROAD HRA Agenda j Page 6 7. CONSIDERATION OF AN UPDATE ON THE DAVID FICEK AND K—MART PROJECTS. A. REFERENCE AND BACKGROUND. Mr. David F1cek will meet with property owners on Thursday. February 1, 1990 at 7:0OFM 1n the Monticello Public Library to discuss the potential development of higher quality owner occupied townhouses. Results and reactions from the meeting will be discussed at the HRA meeting. B. SUPPORTING DATA. 1. Copy of Mr. Ficek's letter. 2. Copy of affected property owners. 3. Copy of the development boundaries. Jeff O'Neill will bring the HRA up to date on the K—Mart project. 8. CONSIDERATION TO REVIEW AND ADOPT 1990 HRA GOALS. Will be presented at the HRA meeting. V Scottwood Corporation David E. Ficek 1849 Stinson Boulevard New Brighton, MN 55112 January 24, 1990 Redevelopment proposals are just one of the goals of the Monticello Housing and Redevelopment Authority (HRA). Recently, a mini survey of Monticello residents was conducted, by the HAA, to get an indication of housing needs. Of the 270 respondents, 92% endorsed a housing need, of which 32.51 desired townhoses. Before any program or proposal is initiated, your opinions, Questions, and concerns are being requested on Thursday, February 1, 1990. This informal meeting will include discussions of the potential acquisition and development of all or part of your property. The meeting will be held on Thursday, February 1, from 7-8 p.m. at the Monticello Public Library. Attached is a copy of the areas to be discussed. Sincerely, '01 L David E. Ficek Scottwood Corporation New Brighton, MN 55112 DEF/cb v AREA A NOT LEGAL DESCRIPTION (ONLY FOR IDENTIFICATION) Patricia A Buckendahl Lots 4 and 8, Block G. A C Riggs Addition 212 East 4 Street Monticello, MN 55362 Wm and Marie Jamison Lots 5 and 6, Block G 224 East 4 Street Monticello, MN 55362 Brazil F and Martin P Fyle Lot 7, Block G 218 East 4 Street Monticello, MN 55362 George E and Maureen Larson Lot 1, Block H r..l. 606 E River Street Monticello, MN 55362 Wayne A and Sandra M Cox Lot 2, Block H 306 East 4 Street Monticello, MN 55362 Russell C and Sandra L Olson Lots 3 and 4, Block H P 0 Box 322 Monticello, MN 55362 41 Betty A and B M Christianson Lot 5, Block H Route 2 Box 136 Monticello, MN 55362 Richard L Sr and Sarah R Martie Vacated Street between Blocks H and I 336 East 4 Street (Southerly 165 fact) Box 247 Monticello, MN 55362 Dorothy Martie Lots 1, 2, and 3. Block 1 342 East 4 Street Monticello, MN 55362 Ronald D and Frances Reinking Lot 3 and portion of lot 4. Block 36, y st ?!!:'� '— .. I- ' JE Lover Monticello y 15: l�9i1 Ellsworth E and Vorgil Putnam Portion of Lots 4 and 5. Block 36 418 east 4 Street Box 252 Monticello, MN 55362 Dorothy Martis Portion of Lot 5, Block 36 342 East 4 Street Monticello, MN 55362 V O V AREA B Mathilda B Bialke Lot 1 and NW 4 ft of Lot 2, Block 11 516 Maple Street Monticello, MN 55362 Allan J Langner Lot 2 ex NW 4 ft, Block 11 419 West 6 Street Monticello, MN 55362 Harvey John Huseby Lot 3, Block 11 4337 Brunswick Avenue No Crystal, MN 55422 William and Donna Allen Lot 4 and W 1/2 Lot 5, Block 11 407 West 6 Street Exc LO ft Driveway Monticello, MN 55362 H Nelson Oil Company, Inc. Lease No. 216441 Box 7 Monticello, MN 55362 Gordon G Link Lease No. 45316 Route 4, Box 73 Monticello, MN 55362 v