HRA Agenda 03-03-1993AGENDA
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
Wednesday, March 3, 1993 - 7:00 p.m.
City Hall
MEMBERS: Chairperson Al Larson, Vice Chairperson Ben Smith, Lowell
Schrupp, Everette Ellison, and Tom St. Hilaire.
STAFF : Rick Wolfsteller, Jeff O'Neill, and 011ie Koropchak.
GUEST: Brad Larson and Skip Sorenson.
1. CALL TO ORDER.
2. CONSIDERATION TO HEAR SENIOR HOUSING DEVELOPMENT PROJECT
CONCEPT AS PREPARED AND PRESENTED BY BRAD LARSON AND SKIP
SORENSON.
3. CONSIDERATION TO APPROVE THE FEBRUARY 4. 1993 HRA MINUTES.
4. CONSIDERATION TO ADOPT A RESOLUTION AUTHORIZING PREPARATION OF
TAX INCREMENT FINANCE PLAN FOR ECONOMIC DISTRICT NO. 1-15 AND
REQUESTING CITY COUNCIL TO CALL FOR A PUBLIC HEARING (Custom '
Canopy).
S. CONSIDERATION TO REVIEW INFORMATION ON THE RICHFIELD
REDISCOVER CONCEPT AND TO AUTHORIZE FURTHER DIRECTION.
6. CONSIDERATION TO REVIEW INFORMATION ON THE MINNESOTA HOUSING
FINANCE AGENCY PROGRAM AND TO AUTHORIZE FURTHER DIRECTION.
T. CONSIDERATION TO REVIEW THE YEAR-END SUMMARY OF THE NRA FUND
AND TIF -DEBT SERVICE FUNDS.
B. CONSIDERATION OF PROSPECT UPDATES:
a) Wilson Tool International
b) All -Temp Distribution
c) Recreational Parte and Equipment
9. OTHER BUSINESS.
10. ADJOURNMENT.
MINUTES
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
Thursday, February 4, 1993 - 7:00 p.m.
City Hall
MEMBERS PRESENT: Chairperson Al Larson, Vice President Ben
Smith, Everette Ellison, and Tom St. Hilaire.
MEMBERS ABSENT: Lowell Schrupp.
STAFF PRESENT: 011ie Koropchak.
STAFF ABSENT: Rick Wolfsteller and Jeff O'Neill.
1. CALL TO ORDER.
Chairperson Larson called the HRA meeting to order at 7:04
p.m.
2. CONSIDERATION TO APPROVE THE JANUARY 6, 1993 HRA MINUTES.
Tom St. Hilaire made a motion to approve the January 6, 1993
HRA minutes. Seconded by Ben Smith and with no corrections or
additions, the minutes were approved as written. '
3. CONSIDERATION TO ELECT 1993 HRA OFFICERS; CHAIRPERSON AND
VICE -CHAIRPERSON.
Tom St. Hilaire made a motion nominating Al Larson and Ben
Smith as 1993 HRA Chairperson and Vice -Chairperson,
respectively. The motion was seconded by Everette Ellison and
with no additional nominations or discussion, the motion
passed unanimously.
4. CONSIDERATION_ OF 4 SENIOR HOUSIJIG UPpgTE;
a) Letter of Pat McCullough - The letter named the Guardian
Angels Foundation and Elim Care, Inc. as parties interested in
senior housing development and ownership.
b) Schwientek Plans - Mr. Brad Larson, a local developer with
senior housing development experience, has expressed an
Interest in the HRA's concept for congregrate or assleted-
living housing. With the combined above referrals, Barb
Schwientek sees no need to advertise for a developer with
senior housing expertise. At an upcoming meeting, the
Hospital Board will consider their role in the development of
a senior project: management/services.
c) Discuss potential Bites - As the HRA may be involved in the
acquisition and demolition of existing property for a senior
housing project, the HRA briefly discussed the areas along
Broadway to the east and west of the hospital and the Cedar
Crest area. The HRA concluded that the site location may beet
be determined by the market study or the developer.
HRA MINUTES
FEBRUARY 4, 1993
Next, members discussed the need for the HRA to authorize
Phase I of the market study at 88,600, as this cost could be
recovered through the project funding. A current market study
is part of the project funding application requirement. Some
members felt the HRA's role was complete as two excellent
interested developers had been identified and the HRA primary
purpose now is to encourage either developer to proceed and
get the project rolling. Some members saw the need to
authorize the market study and others felt a study may already
be completed. To encourage project follow-through, the HRA
members agreed to invite Mr. Larson and Me. Mills to make a
presentation to the HRA on or prior to March 3.
S. CO)iSIQERATION OF A REPORT AND FOLLOWUP TO THE NAHRO
CONFERENCE.
a) Minnesota Housing Finance Agency - Koropchak reported that
this program provides dollars for loans to first-time home
buyers. The program has more liberal limits on household
income and acquisition costs than the Farmers Home
Administration program, and the HRA can set additional
requirements. NAHRO Executive Director Scott Knutson sees the
program as an excellent public relations tool for a city or
HRA and the program requires little administrative time.
Koropchak informed the HRA that a couple of local banks
expressed interest in the program; however, she had no idea if
a need exist in Monticello for such a program. It was
recommended to acquire additional information on the program.
b) Section 8 - Koropchak informed HRA members that this rental
housing assistance program Is available to Monticello
residents through the St. Cloud HRA. Applications are taken
the first of each month and a waiting list does exist. The
program is not marketed by the St. Cloud HRA because of the
high demand and limited dollars available. Section 8 is a
"spot" rental assistance program. The program is for low and
moderate household incomes and is popular because it allows
renters an option to rent outside a multi -housing
project.Dollare are only allocated to HRA's with an
established creditability for administrating the program which
requires an administrative staff. This an informational item
only.
c) Richfield Rediscover - The Richfield HRA markets and
offers to purchase a substandard homes at fair market value,
demolishe the homes, and sells the land at fair market value
to an interested developer. The developer agrees to construct
a new home based on Richfield's HRA requirements and the home
is made available to first-time home buyers. HRA members were
Interested in this program and requested Koropchak obtain
additional information.
Page 2
HRA MINUTES
FEBRUARY 4, 1993
d) Wright County HRA - Koropchak reported that the Wright
County HRA which had been established through a resolution
adopted by the previous County Commissioners has now been
relinquished by the newly elected commissioners.
6. CONSIDERATION TO REVIEW RESULT'S OF THE ELIMINATION OF OTHER
FINANCIAL PACKAGING FROM THE BDS/HRA CONTRACT.
First, Koropchak provided HRA members with a copy of the
letter mailed to Mr. Pelstring acknowledging the HRA's desire
to delete "other financial packaging" from the contract
between the HRA and BDS, Inc.
Secondly, Koropchak informed members upon the HRA's direct
inquiry of whether "other financial packaging" BDS charges
were a legal expenditures under the 10% administrative
allowance, Koropchak again contacted Mr. John Dean of Holmes
and Graven. Koropchak apologized for the error stating
financial consultant fees were legal expenditures and asked
the HRA to reconsider and suggested amending the January HRA
motion authorizing the transfer of $8,180.81 (SMM) and
$14,981.30 (Aroplax) to authorization to transfer $6,123.71
(SMM) and $9,188.27 (Aroplax) from the Surplus Fund into a HRA
Development Fund. The HRA still saw the BDS charges
associated with other financial packaging as extreme and out -
of -line and reaffirmed their desire to delete "other financial
packaging" from the contract. Tom St. Hiliare made a motion
to amend the January motion and authorized the transfer of
$4,123.71 (SMM) and $9,188.27 (Aroplax) from the Surplus Fund
into an HRA Development Fund. The motion was seconded by
Everette Ellison and with no further discussion, the motion
passed unanimously. The HRA wished retain the option to
consider paying for "other financial packaging" for a real
plum company.
7. QDl1SID,?RA�30N TQ I�U�HORIZE EXEC�1fION Of SHE QEVELOPMEHT
CONTRACT CERTIFJCATE OF COMEELETION FOR AROPLAX AND SMM.
As per the Development Contract, the HRA is to furnish the
developer with Certificate of Completion upon the completion
of minimum improvements and upon the final occupancy
certificate Issued by the City Building Official. Koropchak
provided a copy of the issued Certificate of Occupancy and
attached "items to be escrowed" letter for the Aroplax and SMM
projects. Ben Smith made a motion authorizing the execution
of the Certificate of Completion for the Aroplax and SMM
projects. Seconded by Tom St. Hilaire and with no further
Page 3
HRA MINUTES
FEBRUARY 4, 1993
dlscussi on, the motion passed unanimously. The Certificate of
Completion is to be recorded at the Wright County Recorders
Office by the developer.
CONSIDERATION OF PROSPECT UPDATES:
a) Wilson Tool International - HRA members received a copy of
the letter acknowledging the IDC visit to Wilson Tool on
January 26, proposed project summary, the estimated TIF
dollars available for direct assistance, and the two financial
packaging options offered to Wilson Tool. Direct assistance
based on tax increment generated over eight years for a 40,000
sq ft concrete mfg facility with the TIF Penalty reduction is
$155,000. Koropchak submitted to HRA members the Wilson Tool
marketirng pieces which depicts the similiarity to Remmele
Engineering. The HRA was very supportive of the project and
TIF level of assistance offered. Mr. Emery informed Koropchak
that he had visited the Monticello industrial sites on
Saturday and found Monticello's location excellent; however,
other communities were being visited with data and financial
propose 1e being reviewed and analyzed within the next few
weeks.
b) All -Temp Distribution - City staff continues to meet with
Mr. Johrn Holman for development of the public improvements and
to secure a future rail availablity commitment. Forth coming
plane are to meet with the developer, Hoglund Family, City
Engineer, BDS, and City Staff.
c) Cust on Canopy - With a misunderstanding of the land price
from the Oakwood Partnership, the company has contacted Mr.
Pheffer regarding acreage within the Monticello Commerce
Center, The Letter of Intent has not been received nor has a
visit by the IDC been made. The HRA remains supportive of the
annual 85,000 TIF pay-as-you-go assistance subject to
development approvals.
d) Recreational Parts and Equipment - Koropchak reported to
HRA members, as per their request, that the company projects
50% ealee from retail and 50% sales from catolog with a fester
growth in the catolog area. The company at this time will not
be selling snowmobiles or motorcycles; however, would not
commit to never selling snowmobiles or motorcycles In the
future. The company requested TIF assistance and the HRA was
requested to make a policy decision. Members considered the
direct retail competition with existing businesses, unskilled
labor wages associated with the proposed project, and the
similia city to the Martie project. The HRA liked the concept
of many small developments and agreed to TIF pay-as-you-go
financial assistance for the recreational parts and equipment
company based on the tax increment generated from the
warehouse/catolog area only.
Page 4
HRA MINUTES
FEBRUARY 4, 1993
9. CONSIDERATION TO JtEVIEW AND ACCEPT THE 1993 ECONOMIC
DEVELOPMENT WORK PLAN.
Tom St. Hilaire made a motion acknowledging HRA acceptance of
the 1993 Economic Development Work Plan and IDC Budget.
Seconded by Everette Ellison and without further discussion,
the motion passed unanimously.
10. QJHER BUSINESS.
Koropchak informed HRA members that inorder to reschedule a
public meeting by Law a 72 -hour notice must be posted.
Through HRA Bylaws the first Wednesday of each month is
designated as the regular meeting date at 7:30 p.m.
Chairperson Larson and Koropchak encouraged regular attendance
or sufficient notice of planned absentee. Everette Ellison
acknowledged he would be out-of-town February 13 through March
18. In addition, Mr. Schrupp is out-of-town through March.
Chairperson Larson informed members that the Monticello HRA
was established through a City Council resolution adopted in
November 1970 and first commissioners were appointed in March
1971. Chairperson Larson made a motion to amend the HRA Bylaws
changing the regular meeting time from 7:30 p.m. to 7:00 p.m.
` Seconded by Everette Ellison and without further discussion,
the motion passed unanimously.
11. ADJOURNMENT.
The HRA meeting adjourned at 5:45 p.m.
011ie Koropchak. HRA EKecutive Director
Page 5
2. Consideration to hear senior housino development Droject
concept as orenared and presented by Brad Larson and Skin
Sorenson.
A. Reference and Backaround.
As background information to Mr. Larson's presentation, please
read the information provided: First, the preliminary
building and site plan concept was reviewed by Mr. Jeff
O'Neill and Gary Anderson. Mr. Sorenson is Brad's architect.
Secondly, Barb Schwientek, Hospital Administrator, was invited
to the HRA meeting; however, she elected not to attend as the
Hospital Board is scheduled to review Mr. Larson's concept on
March 23. Barb has indicated to Mr. Larson that she is
Interested in HUD funding which is a funding source available
through Carol Mills.
Thirdly, Carol Mills has contacted me and is very interested
In making a presentation to the HRA; however, she must first
bring the concept to the Guardian Angel Foundation Board on
March 24. I did attend the HUD Seminar at the Hyatt Regency
on February 11.
Additionally, non-profit organizations are not exempt from
property taxes but are exempt from income taxes. Although,
there is a property tax reduction for senior housing Carol
Indicates the each project in Elk River generates between
$30,000 to $40,000 annually. This comparable to the
Monticello - Broadway Square project taxes . Lastly, according
to Farmers Home Administration (FmHA), Washington D.C.,
limited partnerships do not work with non-profit
organizations.
B. Recommendation.
Recommendation is to listen to Mr. Larson's preparation and
make no HRA commitment until after Carol Mill's presentation.
Barb Schwientek Is Interested in HUD funding and the HRA's
direction.
C. Sucportina WA,
Copy of letters mailed to Mr. Larson and Mrs. Mills.
February 9, 1993
Mrs. Carol Mills
Guardian Angels Homes
350 Evans Avenue
Elk River, MN 55330
Dear Mrs. Mille:
One of the Monticello Housing and Redevelopment Authority (HRA)
objectives for 1993 is to facilitate or investigate the need for
senior housing. The HRA's primary housing interest is in
congregate and assisted living with a combination of subsidized and
market rental rates. In order to encourage a timely investigation
for the need and development of a senior housing project, the HRA
cordially invites you, an interested developer /owner. to make a
presentation to the HRA prior to or at the March 3 HRA meeting.
The HRA recognizes that their interest in congregate and assisted
living must be confirmed through a current market study which Is
also a component of the funding application process. Secondly, the
HRA recognizes the need to work with a developer with previous
senior housing development experience and expertise. Thirdly, the
HRA recognizes the March presentation would be in a preliminary
context. The presentation might include market study options,
optional building plan concepts, site suggestions, funding options,
and service/management options.
Again, the presentation is requested by the HRA to encourage a
timely investigation and development period, and to serve as a tool
for any future HRA decision-making as may be required for the
development of a senior housing project.
Mrs. Mille
February 9, 1993
Page 2
Carol, if you are interested, please call me at (612) 295-2711 to
arrange a presentation date and time which is convenient to all
Individuals.
Thank you for your time and I look forward to hearing from you.
Sincerely,
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
011ie Eoropchak
Executive Director
cc: Barb 8chwientek, Hospital Administrator
HRA File
I
February 9, 1993
Mr. Brad Larson
Attorney at Law
Metcalf 6 Larson
313 West Broadway
Monticello, MN 88362
Dear Mr. Larson:
One of the Monticello Housing and Redevelopment Authority (HRA)
objectives for 1993 Is to facilitate or investigate the need for
senior housing. The HRA'e primary housing interest is in
congregate and assisted living with a combination of subsidized and
market rental rates. In order to encourage a timely investigation
for the need and development of a senior housing project, the HRA
cordially invitee you, an interested developer/owner, to make e
presentation to the HRA prior to or at the March 3 HRA meeting.
The HRA recognizes that their interest in congregate and assisted
living must be confirmed through a current market study which is
also a component of the funding application process. Secondly, the
NRA recognizes the need to work with a developer with previous
senior housing development experience and expertise. Thirdly, the
HRA recognizes the March presentation would be in a preliminary
context. The presentation might include market study options,
optional building plan concepts, site suggestions, funding options,
and service/management options.
Again, the presentation Is requested by the HRA to encourage a
timely investigation and development period, and to serve as a tool
for any future HRA decielon-making as may be required for the
development of a senior housing project.
Mr. Larson
February 9, 1993
Page 2
Brad, if you are interested, please call me at 295-2711 to arrange
a presentation date and time which is convenient to all
Individuals.
Thank you for your time and I look forward to hearing from you.
Sincerely,
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
011ie Koropch"
Executive Director
cc: Barb Schwientek, Hospital Administrator
HRA File
Guardian Angels Foundation of Elk River, Inc.
ELK RIVER NURSING HOME and RIVERVIEW APARTMENTS
4W &VANS AV8MU8. ilK RIVER. WNNMTA 55=
TaLUM ME: (812) "1.1117
March 3, 1993
No. 011ie Koropchak, Director
Monticello Housing Redevelopment Authority
350 E. Broadway
Monticelo, MN 59363
Dear Ar. Koropchak:
I have reviewed your letter of inquiry with Stewart Milson,
President of the Board of Guardian Angels of Elk River, Ino.,
regarding Senior Housing tar Monticello. Mr. Nilson fools the
entire Board of Directors should become involved with this
decision. As I told you over the phone, the Board will not be
meeting until March 34, 1993; therefore, we would not be able to
respond to the time frame in your letter.
We look forward to continued discussion on this matter. I will
be contacting you following your meeting tonight.
sincerely, _,may,
- i 27 r.l�Jl
Carol J. Mille l/v
Executive Director
Guardian Angels of Elk River, Inc.
CJM:ii
Consideration to adopt a resolution authorizing preparation of
Tax Increment Finance Plan for Economic District No. 1-15 and
requesting Citv Council call for a public hearinq. (Custom
Canopy)
A. Reference and Background.
The HRA is to consider the adoption a resolution authorizing
preparation of a TIF Plan for establishment of Economic
District No. 1-15 and requesting the City Council call for a
public hearing.
On December 2, 1992, the HRA authorized BDS to prepare a TIF
plan for Custom Canopy with a pay-as-you-go annual assistance
of $5,000 subject to development approval. The original tax
increment projections were based on the assumption of a three -
acre parcel to the east of Martie Farm Service. However, the
site location has changed to a five -acre parcel across from
M & P Transport, Inc. With the projected increase of tax
increment, Mr. Jeff O'Neill suggested the HRA consider
additional TIP assistance as an incentive for the developer to
complete a more extensive landscaping treatment along Fallon
Avenue and to complete a 50% contrasting outside -wall material
treatment to the Fallon Avenue and Dundas Road sides of the
proposed metal facility. Although this is not required in the
I-1 zoning, Mr. O'Neill's suggestion is to encourage an
aesthetically -pleasing transition from the Light Industrial
Zone to the Business Campus Zone across the street.
If the HRA increased the annual TIF pay-as-you-go assistance
from $5,000 to $6,000, the project would still generate an
annual tax surplus of $3,600 after Administration Expenses and
TIF Penalty are deducted. Once the HRA has determined the
level of TIF assistance, they should consider adopting a
resolution authorizing preparation the TIB Plan and requesting
the City Council to set a public hearing date of April 12.
The intent is for the TIF Plan to be distributed to the School
District, Hospital District, and Wright County on March 10 to
begin the thirty -day right to comment period.
B. Alternative Actions.
1. Authorize level of TIF aselstanc a and adopt the
resolution authorizing preparation of TIF Plan for
Economic District No. 1-15 (Custom Canopy) and requesting
City Council call for a public hearing on April 12.
2. Deny the use of TIP for Custom Canopy.
C. Recommendation.
Recommendation is to authorize an annual $6,000 pay-as-you-go
TIF assistance and adopt the resolution.
Suvnortina Data.
Copy of the modified project summary, site map, $5,000 check
for holding, and funding application schedule. The Letter of
Intent has been returned for HRA execution, the IDC visited
the existing Albertville facility, and the project funding has
received preliminary approval by the bank. The resolution
will be presented at the HRA meeting.
Vhod: Sr;ed '10-%-"
CUSTOM CANOPY
12903 MAIN STREET, SUITE 203
P 0 BOX 275
ROGERS, MN 55374
(6 12) 428-8678
OWNER: STEPHEN P. AND JOAN M. BIRXELAND, JR., HUSBAND AND WIFE.
CONTACT PERSON: JIM BEYL
EXISTING BUSINESS: EIGHT YEARS OLD
BUILDING: OFFICE 1,320 SQ FT (60 X 22)
NFG 8,000 SQ FT (80 X 100)
METAL EXTERIOR
25 FT SIDE WALLS
t (12 X 14 FT) OVERREAD DOORS
LAND: 5.3 ACRES: Lot 6, Block 2, Oakwood Industrial Park, PID*
155-018-002060.
BUSINESS : PRODUCTION AND ASSEMBLY OF CANOPIES FOR SERVICE STATIONS
JOBS: EMPLOY 11 FT PEOPLE (PROJECTED GROWTH 2-3 JOBS)
WAGES: STARTING $8.00 PH (RANGE $9.76 - $18.00) OFF JAN -MAR
CURRENTLY: LEASE OFFICE IN ROGERS AND LEASE MFG SPACE IN
ALBERTVI LLE.
TIME FRAME: Begin construction May 1, 1993 and complete October
31, 1993 .
COMMERCIAL LENDER: Bank of Elk River, Pat Dwyer, 041-1000.
Proposed Uses Proposed Sources
$ 67,000 Land $266,000 Bank (70% appraised
value)
$313,000 Construction $ 42,500 GMEF
$ 71.599 Eoulty
$380,000 $380,000
TIF - PAY-AS-YOU-GO OF $5,000 ANNUALLY, NOT USED AS EQUITY BUT FOR
CASHFLOW IN PROJECTIONS.
ESTIMATED TAXES:
BUILDING: OFFICE 1,320 SQ FT ® $30.00 - $ 39,600
MFG 8,000 SQ FT 0 $17.00 - 0136.000
LAND: 2 ACRES OR 87,120 SQ FT 0 $.40 0 9 34,648
3 ACRE OR 130,880 SQ FT 0 $.25 ■ S 32,670
$273.118
ESTIMATED MARKET VALUE $270,000
$100,000 $170,000
.0300 ,0479
$ 31000 8 7,990
NEW CAPACITY VALUE $10,990
'93 TAX RATE (ESTIMATED) 1,0737.
ESTIMATED ANNUAL TAXES $11,795
PAF -02 '9= TUE 15:1711 ID: E1-5 11 P_ _. TEL I:::�cc P02 --
TAX IN063EW FIWWINO
EOTDNTE OF LOCAL QUVEFOW AIDS PEWITY
CITY:
11711 m I.
SALES RATIO:
1.001
80 XL DIST:
662
EDT TAX RATE:
14. W%
TYPE OF DIST: EMN DEV/021T CANOPY
TAX CSP RATE:
1.000
C%FRMD
GAALIPYINO 904ML
A04ATED
TAX
TAM
TIP TAX
F►K%--IN
TAX GALES
CIALIFYI70
FOIILTY
DL v>ejT
PAYAML
CAPACITY
PERMNTAM
CAPACITY RATIO
TAR CAPACITY
TAX RATE
FENALTY
_0.00
1990
100.00% 0.00
1.001
0.00
24.006
1901
100.00%
0.00
1.001
0.00
21.8011
0.00
1992
100.00%
0.00
1.001
0.00
01.601
0.00
IBS3
0.00
100.001
0.00
1.001
0.00
M.60%
0.00
1994
0.00
100,0049
0.00
1.001
0.00
21.6011
0.00
1096
9,810.00
100.00%
0,070.00
1.001
9,860.11
24.601
2,426.69
1090
9,870.00
100.00%
9,870.00
1.001
9,600.14
14.00%
2,425.09
1907
9,870.00
100.00%
9,870.00
1.001
0,000.14
24.60%
2,425.60
1990
9,670.00
100.009
9.870.00
1.001
0,660.14
14.001
2.426.69
7999
0.870.00
100.002
9.070.00
1.001
0.60o. 14
21.6061
2.426.69
2000
9,870.00
100.001
9,070.00
1.001
9,800.14
24.60%
2,425.59
2001
0,070.00
100.009
9,070.00
1.001
0.800.14
24.60%
2.425.60
2002
9,870.00
100.00%
9,670.00
1.001
9.060.14
24, Opt
2,420.09
2003
100.0051
0.00
1.001
0.00
24.60%
0.00
2004
100.0011
0.00
1.001
0.00
14.609
0.00
2006
100.00%
0.00
1.001
0.00
24.601
0.00
2000
100.00%
0.00
1.001
0.00
14.60%
0.00
2007
100.0019
0,00
1.001
0.00
21.60%
0.00
IM IX -1w
0 M
OIX
X4.9N%
0.00
2009
100.0091
0.00
1.001
0.00
21.00%
0.00
2010
100,00%
0.00
1.001
0.00
21,00%
0.00
2011
100.0OY
0.00
1.001
0.00
24.60%
0.00
2012
100.00%
0.00
1.001
O.OD
24.60%
0.00
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TMX
CAPACITY
IVTIL
INCi9ENT
'PET'
PATCD
A014INI6TAATIW
EXCESS
IIA7'E
IN0439OR
PENALTY
INDIEMENT
PAMEHT
INXPe
IHCRM M
.agaaaYp�
1.000
0.00
--.taacas--•-.n.-
0.00
aatII--.�_--iit=a-�
0.00
0.00
- arc=_
r 0.00
_---aamII3aaa
0.00
11000
0.00
0.00
0.00
0.00
0.00
0.00
1.000
0.00
0.00
0.00
0.00
0.00
0.00
1.000
0.00
0.00
0.00
0.00
0.00
0.00
1.000
0.00
0.00
0.00
0.00
0.00
0.00
1,000
to .600.00
2.425.69
6.234.01
0,000.00
1.066.56
9.699.64
1.000
10.661.00
2.425.60
6,734.01
6,000.00
1,005.90
9,607.64
1.000
10.601.00
2,426.60
0,234.01
6.000.00
1,005.90
9,619.04
1.080
10.010.60
2.425.69
0.234.01
6,000.00
11086.96
9.519.64
1.000
10 .60.60
21425.09
6.234.01
5,000.00
1,089.06
9,699.64
1.000
10 .561.60
2.425.59
6,294.01
5,000.00
11065.06
9,599.64
1.000
10.101.00
2,425.59
5.294.01
0,000.06
1,005.90
9,613.64
1.D00
10.651.00
2.425.59
6,294.01
6,000.00
1,Oe9.9e
9.509.64
1.000
0.00
0.00
0.00
0.00
0.00
0.00
1.000
0.00
0.00
0.00
0.00
0.00
0.00
1.080
0,00
O.OD
0.00
0.00
0.00
0.00
1.000
0.00
0.00
0.00
0.00
0.00
0.00
1.000
6.00
0.00
0.00
0.00
0.00
0.00
1.000
0.00
0.00
0.00
0.00
0.00
0.00
1.000
0.00
0.00
0.00
0.00
0.00
0.00
1.060
0.00
0.00
0.00
0.00
0.00
O.M
1.000
0.00
0.00
0.00
0.00
0.00
0.00
1.090
0.00
0.00
0.00
0.00
O.OD
0.00
019.404.70 009,072.04 "8.000.00 U.527.00 020.740.12
..��-
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12045
CUSTOM CANOPY
PO.801275 PH. 6124"78
reawen
ROOMS. UN 55374
PAY
It TOTHE
ORDER I ss
OLLARS
%had
FOR
1poliolosal 1:090038316: 00 898 Sr
0
Custom Canopy
PROPERTY: Lot 6, Block 2, Oakwood Industrial
Park
155-018-002060
ENV = $27,700 Payable 1993
Letter of Intent and $5,000 check
= February 16
Preliminary OMEF application
Visit existing plant
m February 25
Visit Bank
= March 1
HRA adopt resolution authorizing
= March 3
preparation of TIF Plan for Economic
District No. 1-15 and requesting City
Council call for a public hearing.
Begin Development Contract preparation
TIF Plan to school, county, and hospital
= March 10
Conditional Use Application
= March 15
City Council Calle for Public Hearing
= March 22
OMEF Formal Application (EDA)
= March 30
Public Hearing Notice
o March 31
Planning Commission Meeting
= April 6
Public Hearing Notice
= April 7
HRA adopts resolution approving TIF
Plan for District No. 1-15.
City Council Public Hearing and adoption
= April 12
of TIF District No. 1-15 Plan.
City Council OMEF Review.
Development Contract must be executed.
OMEF Closing and disbursement = April 27
Begin Construction = May 1
I
A RESOLUTION BY THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MONT ICELLO, WRIGHT COUNTY
RESOLUTION NO.
RESOLUTION AUTHORIZING PREPARATION OF A
TAR INCREMENT FINANCE PLAN FOR
TAR INCREMENT FINANCE DISTRICT NO. 1-15 AND
REQUESTING CITY COUNCIL CALL FOR A PUBLIC HEARING
WHEREAS, the Rousing and Redevelopment Authority (the
"HRA") , in and for the City of Monticello, Minnesota, has
received an executed Preliminary Agreement dated February
16, 1993, from Stephen P. Birkeland, Jr., Sole
Proprietor, of Custom Canopy (the "Developer"), and
WHEREAS, the Developer has delivered a check dated
February 16, 1993, in the amount of $5,000 to the HRA;
and
WHEREAS, tha Developer has delivered a preliminary
proposal for development (the "Building Plane") to the
City of Mont 1cello (the "City") for review; and
WHEREAS, the Developer and the Landowners have negotiated
and agreed upon a selling price for Lot 6, Block 2,
Oakwood Industrial Park; and
WHEREAS, the Developer has secured preliminary approval
for project financing from the Bank of Elk River. Elk
River, Minnesota, and has secured preliminary application
approval for Greater Monticello Enterprise Funds; and
WHEREAS, the Monticello Prospect Team visited the
existing Custom Canopy manufacturing facility on February
25, 1993.
NOW, THEREPORE, BE IT RESOLVED by the Monticello Housing
and Redevelopment Authority, in and for the City of
Monticello, Minnesota:
That the HRA authorizes Business Development
Services, Inc. (BDS) to establish Tax Increment
Finance District No. 1-13, an Economic District,
and to prepare the Tax Increment Finance Plan
relating to District No. 1-15 for Stephen P. and
Joan M. Birkeland, Jr. (Custom Canopy).
Page 1
2. That the HRA requests the Monticello City Council
on Monday, March 22, 1993, call for a public
hearing date of Monday, April 12, 1993, to
establish Tax Increment Finance District No. 1-18
and adopt the Tax Increment Finance Plan relating
thereof.
Adopted this _fid day of March, 1993.
ATTEST:
HRA Executive Director
HRA Chairperson
Page 2
Consideration to review the vear-end summary of the HRA Fund
and TIF -Debt Service Funds.
Reference and Sackaround.
Enclosed Is a copy of the year-end summary for the HRA Fund
and TIB -Debt Service Funde as prepared by Rick Wolfeteller.
Mr. Wolfeteller plans to join the HRA meeting after the Police
Commission meeting for review of the enclosed summary.
f�
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1:1.195 11]1..]1 tl
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601,611
Cad, wdr a..tu'rn�ro
MA"
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1']=
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tl
11100
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1LOAMA1.
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p$
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Ix54
Im
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193.1
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191
1927D
TaTALS
IOIART
ES
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OOWJT S
MAwCO
ELDERLY I13D
iAPM
MVPLAE
SL7 SAM
ALL 1
mm
C40 %",h. Vow) 1I V1
REVONE:
0.80.54
807.17.33
163.3721
$27..11.0
19.420.56
100.548.77
$0.00
$000
1205.277.22
127.32423
T1vuI.l In aim Mill
0.6600
L34.225 00
152.75.00
18.30000
1a.15.m
03.075,00
$0.00
so DO
12..15000
$107,W.7a
054 Y.crmulta)
xn.m Inc"
man
81,48741
$1.354.1
575447
W911!
11..40.35
sm
HA
$6.19578
$1954
TOTAL REVEISIE
93267.29
135.022.41
03.4062
19.284.7
17,518M
65315.35
sow
$000
1]0.3,78
1107.701.1
( �N"
EWENSE3
Pnm"PIpam
am=
110.000.9
830.9.00
113.00000
$5.000m
$0.00
i00.Om00
1000
Mum Em9ue
6.137-00
12537600
10.019
$10.07260
12..9.00
0.777.83
$110.31503
11MS.00D
Pg1n0 Ago F.ms
NSA
543$.M
$829.40
WgUl
Ham
9.06.32
52,M60
$37796
TOTAL ED04NWS
0,117.75
10.01141
60.671.81
15.761.97
17.87101
17,110 05
1103.01163
M.917 m
UP &.041001M) 1701197
W,1 i u
27'.21125
"Max
830.907.1
12x.0511.
60,000,77
$000
1000
142.5.N.77
MAN 15
AWKWAL M017%
010" mw 0aO1
$16.9000
W0.000,m
16.1.00.=
$133.00000
100.009
439.000.00
1125,00000
175.00000
69.0009
Wm.r4m16ond OM
W.m000
631011009
176.00000
6110.0000
155.01M00
637.000.00
1125.00000
175.0990
69.00000
a 01 17771192
Pl,m "In 1000
P1uc10r
0.00.00
$10.00.00
637.009
6..'0.0000
95.=00
6000000
$000
$000
03.00000
Muco
1750,00
03.x6,00
118.0100
"Ango
SMOMM
0,671.00
95.04300
13.01447
Mad: 00
Paying AAAI F.p
66000
6039
601.0
$.6.00
54/09
62x00
Moo
1000
am 00
BDS
February 26, 1993
Ms. 011ie Koropchak
City of Monticello
250 East Broadway
P.O. Box 1147
Monticello, MN 55362
STATEMENT
Business Development Services, Inc.
Consulting Services --January 15, 1993 through February 14, 1993
Marketing --Not Billed
01/27/93
LPK--Wilson Tool Proposal, followup w/Patrick &
011ie. 1.25
01/28/93
MAM--Proposal. Wilson Tool. 2.50
LPK--Wilson Tool Proposal, Revisions, Sales Tax
refund info., fax to 011ie. 2.50
01/29/93
MAM--Wilson Tool. .25
LPK--Wilson Tool Proposal.
Totai Mb:rteting•-riot Billed Hums:
NIT CHARGEABLE HOURS: -0-
Net Chargeable Hours ® 575/Hour $ _0 -
TOTAL AMOUNT DUE
CURRENT OVER 30 OVFR 60 QVFR
$_0_
8990 -0-
8990 Sprinpbrook DrivaeSuite 230WInneopolls, MN 55433ePhone: 6121786.6151•Fax: 786.9034
February 2, 1993
Ms. 011ie Vjwopchak
City of Monticello
250 East Broadway
P.O. Box 1147
Monticello, MN 55362
STATEAI T
f Auslness Dat+ebprams! SeMeos lac.
Consulting Services—December 15, 1992 through January 14, 1993
Marketine—Not Billed
12-30.92
PWP—Follow-up on prospects w/011ie. 1.75
Total Markedng—Not Billed Hours: Im
NET CHARGEABLE HOURS: -0-
Net Chargeable Hours ® s75/Hour �¢
TOTAL AMOUNT DUE
CLMENT OVER OVER b0 QY Lm
s-&
TERMS: NET DUE UPON RECEIPT, 1.33% PER MONTH SERVICE CHARGE ON
PAST DUE ACCOUNTS
6090 vW00110ON mm 0 UM m 0 MNNEA90A M sun 0 P010w 61UM4151