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HRA Agenda 09-06-1995AGENDA MONTICELL.O HOUSING AND REDEVELOPMENT AUTHORITY Wednesday, Septemher 6, 1995 - 7:00 p.m. City Hall MEMBERS: Chairperson Al Larson. Vice -Chairperson Brarl Barger, Everette Ellison, Tom St. Hilaire, and Roger Carlson. EXECUTIVE DIRECTOR: 011ie Kornpchek CITY STAFF: Rick Wolfsteller Jeff O'Neill GUEST: ,Lim Harwood, Voctor Tool k Manufacturer 1. CALL TO ORDER. 2. CONSIDERATION TO APPROVE THE AIIOUST 2, 1995, HRA MINUTER, 3. PUBLIC HF.ARINO FOR THE ArQUISITTON AND DTSPOSTTTON OF RAW LANDS DESCRTBF.D AS LOT 5, BLOrK 3, OIP AND CONSTDF.RATTON TO ADOPT THE RESOL.UTTON RELATING THERETO. 4, rONSIDERATION TO REVIEW FOR FURTHER DIRF.rTION THE DEVELOPMENT AGREEMENT BETWEEN THE HRA AND LARSONJMETrAT,F RET.ATTNr. TO A 20 FOOT EASEMENT. e 5. rONRIDERATTON TO REVIEW FOR FURTHER DTRECTION THE rOMPARISON RF.TWFEN THE TAX INCREMENT CUARANTP.E AND THE TAX INr.RF.MENT RECEIVED RELATING TO CERTAIN TTF DISTRICTS. 6. CONSIDERATION TO REVIEW FOR FURTHER DIRECTION THE TTP RETMRIIRSP,MENT'R OF CERTAIN TIF DTSTRIrTR. 7. CONSIDERATION TO DISCUSS FOR FURTHER DTRECTION RURSTANnARD RESIDENTIAL PROPERTIES POR POSSIRLP.RFnEVP.LOPMENT. R. rnNSTDERATION TO REVIEW COMMENTS FROM ATTORNEY RURUT, RF.T.ATINr TO THE REQUEST FOR INFORMATION TO Ann AN ADDITIONAL rRTTERTA TO THE I.nrAT. TTP POLICIES. 9. OTHER BUSINESS. 10. ADJOURNMENT. MINUTES MONTICEL.I.O HOUSING AND REDEVELOPMENT AUTHORITY `1 Wednesday, August 2, 1995 - 7:00 p.m. City Hall MEMBERS PRESENT: Chairperson Al Larson, Everette Ellison (tardy), Tom St. Hilaire, and Rogor Carluon. MEMBERS ABSENT: Vice -Chairperson Brad Barger. EXECUTIVE DIRECTOR: 011ie Koropchak. CITY STAFF: Jeff O'Neill. GUEST: Jamos Harwood, Partner, Vector Tool & Mfg. I nr. . Steve Grittman, City Plattner, Northwest Associates. 1. CALL TO nRDFR. Chairperson Larsun called the HRA mepting to order at 7:00 p.m. 2. CONSIDERATION-.TO_APPROVE THE JUNE 6, 1998, HRA MINUTES, Tom St. Hilaire made a motion to approve the June 6, 1995, RRA minutes. Roger Carlson "cc -tided the motlun and wiLh no corrections or additions, the minutes were apProvec9 as writton. 3. CONSIDERATION_ TOACCEPT THE DECLARATION OF POTENTIAL CnNFLICT RR OF INTEST SUBM_ITTED BY COMMTSSTnNER BRAD BARCF.R. HRA rummiseioners oonsld.rred the declaration dated July 1, 1995 from Cnmmissionor Rargnr. The HRA did not nrmuldo r the declaratiun In July as requcoted because no HRA moetlnLj was hold during the month of .tuly, 1996. Mr. Rargor submitca the der.laration of pntcritiol conflir.t of lnterest as he is one of the three partnors of Vuctor Ton] & Manufacturing, a huaioess under cnnsideration to devclno in the City of Minticell.-r. Tum St. Hilaire made a mutirm to accept the Doclaratinri of Potontinl ConfI lut of Interest from HRA Commieutuner Brad Barger. Al Larson socandud the motion and with no fu rthor diecussion, the motion panacd. Yoas: Hilaire. Largon, F..11ison. and Carlson. Nays: None. Ahsont: Brad Rarger. Page 1 HRA MINUTES AUGUST 2, 1998 4. CONSIDERATION TO NPGOTTATE THE TERMS AND CONDI TI ONS OF THE PURCHASE_AGREEMENT FO_R LOT 5.RLOCK 3; OIP;-AND CALL -FOR A. UB PLIC_HEARIBG ON_THE ACQUTSTTION_AND DISPOSITION OF RAW_LAND. Chairperson Larenn welcomed .Tim Harwood of Vector Tool & Mfg. Inc. Koropchak reviewed the three options for land write -down hayed on the assumptions as outlined in the agenda; informed the HFA that the IDC Prospect Team had toured Vector'-:; existing facility in Mal,le Grove, anti that Mr. Harwood and she met with Attorney Bubul on July 26 to determine the terms and conditions of the purchase agreemnnt. At the July 26 meeting; Mr. Harwood requested the consideration of $30,000 as the land purchase price in order for the project and proposed hrtyout to occur. Mr. Harwood indicatr:d the developers are proposing to construct a 19,000 aq ft metal/stceel offJcelma nufacturJng facility, 611 X 120 ft manufacturing and 28 X 64 ft office space, on the most easterly portion of T-ot F. consideration of the developers to subdivide the lot for a second business was discussed. With the three partners buyout in 19AA; the ` company had border -line profits, the next, two -years were prnfit.able, most recently the company has incurred 10110 -term debt with the purchase of computers and equipment, and the rompany's not worth hnnk-value is approximately S1.4 million repnrted Mr. Harwood. Additionally, two of the thrce partners of Vortnr aro nonatdering the buyout of tha third Itartner. rrnnndhraaking anticipated 0ctoher 1, 1995. Previously, the HRA estimated the purchase prico 0f thv land at $96,n00 ($ vi,non X A.4 acrua) and considered a pnrnhasc price of $40400 for the land haled on th" ronstruntinn of a 16.000 Rq ft roncrete f.telllty with high skill. high wage employment ($12.00 ph). Chairpercaon Lars-nt ropnrtad V.r.tnr's exlst.ing rental far_tllty la dated cramped. ;ind cmploya at least fivt- Mt:mtine7)o people. In order to attrar.t a grind company with A high t3kill, high wage. employment Lase and to generate tax reveuuea from a tax- exompt property, the HRA mumhere disnusocd and Agreed to the following terms and nonditirnts: Pnrnhase Price for Lot A, Rlnck 3, £33,000 (6.4 arres); retroar.tivo weigh ted-avcrayc wage!henefits of 612.00 pur hrntr7 total empinyment of 30, arrnuntahle 1n 2 yeare; for a period of five -yearn cell -off of Lot 8 to other than oither partner nr hoth r. quiros HRA approval; $33,000 purchase price Onod for 30 days, request Page 2 NRA MTMITES AUGUST 2, 1995 $5:000 earnest muncy; all lcual and aonument preparation!closingrrrrordIng fees r•asponsiI,iIJty of th„ buyer. aper.Jal assessments responsibility of the buyer. submittal of evidenne of construction financing; however: not- limltr;d-t.o the ahove. Tom St. Hilaire made a motion to acc,:pt the above terms and conditions as the terms and nonditinns of the Purchase and Dovclopment Contract between the HRA and Ventor Tnol & Mfg: Inr.., authorized the HRA GhaJrl,ersr,n and Executive Director to execute said contract, and called for a public hearing date of September S. 1995, for the anquisition and disposition of raw lands. Al Larson sc•ronded the motion and requested the HRA review the building and site plans. Without further discussion, the motion pasecd unanimously. CONSIDERATTnN OF A CO_MPREHENRTVE_PLAN UP DATE,�REDP_VR.LOPMFNT CONCEPT t)TSCUSSION RY STRVP. GRITTMAN. City Planner Rtevr Grittman gave an overview of the completed prones to date (Attachment 1) and outlined activities remaining (Attachment 3) prior to Comprr..h,rnsive Plan UpdatP approval. Sine the City Commissioners meeting, two neJghhorhood meetings wore held at the high school. Attachment 2 list the iseru.,s discussed and the priorities which resulted from the neJghhorhood discussJnnA. The planner and Mr. O'Neill were romfortahl.,. with the attendance of the neighhnrhood meetings. Chairparsnn Larson said, "He was iaurprise,d that in addition to city staff, and cnmmiAr4ioners, only, two other persons atter„9od the s,easJnn tip attend. --d." "What efforts are h,>SnU done to nnnsult with area r.hurchcA and other organizations?" was a quostinn posed. DisrusaJuns wrr•.• held with Pastor Russet, of the.- Minist,::rial Assaniat,lr,n: other nommiAAJcors r.nnthmo to meet: and a put,lic hearing will hi• held prior to approval of the Cnmprehcnsivc Plan. GrJttman said, "He was most surprised by this Jssur ra7serl relating to th,r shortage of the labor supply within the area." A fJAnal impart rel",rt Jt. ander preparatJon! cost of eervJnt, In relationship to value of property. Crittman then reviewed the land use mai', which propns,•d industrial land to the wont and south of T-06 and rnmmorclal land to the south alrinu Highway 25. GrJttman renponsod that an approved ComprehensJve- Plan is a general plan used by management as a gulde fnr enforrement of polJoy. The land use linPA may not he exant but are transit.innal. Crlttman agreed with HRA members that the dlenusAed outlet mall does not meet or endorne the objectives as determined by t.hu resulte of the rnmmissionerm voting At the city commissJnners maetJrtg. Pour. 3 HRA MINUTES AUSTIST 2, 1995 HRA members felt the city was being short-sighted as to its projected growth, 101 housing starts Fier year for the next 20 years, as it relates to the expansion of the waste wat.cr treatment plant and development of public utilities. Grlttman outlined the proposed traffic patterns including County Road 118 as 4-6 lanes, School Boulevard completion, and Oakwood Drive/Highway 25 intersection realignment at a point farther south and extended westerly running parallel to I-94 to Ornhard Road. Traffic, needs to he disbursed away from the Interchange of I-94 and Hwy 25 therefore was the rational for Industrial land to the west only. HRA members felt the City needs to visJon the city as a major square box and then to propose more than one traffic, pattern which dJehurses traffit,. across and nnto I-94 and to proposo. utility infrastructure under and beyond T -Q4 to serve the square box. Other comments. It takes a Council with gats and futuristic vision. A city does not exist without the supply of land and Infrastructure to attract people (Jnrlustry, commerce, and residr--nts), the people form a community and request cniamunity services. Planner Grlttman presented four preliminary red ,:velopmc:nt sketch options for consJdPratlon of a downtown redevNlnpmcnt pro?r.•r.t. The sketch options resulted from ideas of JndJvJduals In attendance at the neighhr,rhaod meerltigs. HRA memhc:rs rnantlnnw were varlud. Some mcmhers wc•rv:• ennonragcd by a possJhle downtown redevelopment r,rnj(•ct wl',ptlter It be• a rennvatIon or demollshlon project. nthers wii.-t•e non - Ek uJill .)rtive. Members dirt ..gree that the hest utJllzatJor, of thr river front property was for pe,leetrran/park development and tint for parking lots nr an Jre arena. Some., m,•mhara saw the community center as a puhlrc building which would generate addJtJonal motor traffic. to an .+]wady hJgh-dNnsJty traffic. area. Ts the focus of the redevelopment projrrct for the devNlnpment of a community center e.r tr, attract c_nmmer•:�!tnurism thro,jgh the utilization of the river front? Is a redevelor,mont r•,rojent foasable? One nautJoned not to promotr� displanement of hustnessee. One memba•r hc,-llovcd thc_• cart had boon placurl before the• horse and sugg,?st,rd rnncr-ntrat ion he on Infrastructure/traffic and Industrial development, and then rodoliclopmont. The city iweds th,- revcnucs not more expcnAes. With soms HRA membrars having left, no fnrmalizc•d cnnnluslon nr recommendatinns wcrr; mad,:. Pags 4 HRA MINUTES AUGUST 2, 1998 B. CONSIDERATION TO REVIEW COMMENTS FROM ATTORNEY BDBUL RELATING TO THE REQUEST FOR INFORMATION TO ADD AN ADDITIONAL CRITERIA TO THE LOCAL TIF POLICIES. Tabled to the next HRA meeting. 7. CONSIDERATION OF PROJECT UPDATES: Tabled to the next HRA meeting. B. OTHER BUSINESS: Tabled to the next HRA meeting. 9. ADJOURNMENT. The HRA meeting adjourned at 11:20 p.m. 011ie Koroprhak, Executive Director ` Page 5 I COMPREHENSIVE PLAN UPDATE 4CT/V/77ES: • STAFF DISCUSSIONS TO REFINE APPROACH AND IDENTIFY ISSUES • "TACTICS" INTERVIEWS TO IDENTIFY ISSUES FROM BROAD SPECTRUM OF COMMUNITY INCLUDING: - BUSINESS OWNERS, INDUSTRY REPRESENTATIVES, STAFF, CITY COUNCIL, COMMISSION MEMBERS, HRA, RESIDENTS, AND OTHERS • ISSUES CATEGORIZATION TO COMBINE COMPREHENSIVE PLAN TOPICS INTO COMMON AREAS • COMPLETE INVENTORY REPORT/ANALYSIS INCLUDING SECTIONS SPECIFIC TO THE TACTICS CATEGORIES, AND APPENDIX OF INVENTORY DATA IN TABULAR FORM • FISCAL IMPACT REPORT FOR PC PRESENTATION ON 7/25 IN DRAFT FORM • CITY WORKSHOP CONDUCTED TO IDENTIFY PRIORITY GOALS IN HOUSING AND ECONOMIC DEVELOPMENT • CONCEPT LAND USE SKETCH PREPARED TO ILLUSTRATE EFFECTS OF CITY IDENTIFIED PRIORITIES • "NEIGHBORHOOD" WORKSHOPS CONDUCTED TO IDENTIFY POPULAR CONCEPTS OF COMMUNITY NEEDS • SYNTHESIS OF WORKSHOPS PREPARED FOR PC WORKSHOP • DOWNTOWN REDEVELOPMENT CONCEPTS PREPARED FOR PC WORKSHOP ®- COMPREHENSIVE PLAN UPDATE OUTCOMES: • ISSUES: A) LAND USE MANAOEMENT/RA7E OF GRowTFI B) OuALITT OF New DEVELOPMENT W CosT/BENEFTT OF NEw DEVELOPMENT W CoMMuNfTY FACILITIES - WHICH FACILITIES ARE PRIORITIES? W ECONOMIC DEvELOPmFNT - WHERE TO Focus? F) DOWNTOWN REDEVELOPMENT - WHAT Is Cm's RoLEi o) INDUSTRIAL DEVELOPMENT - WHERE SHouLD IT E)IPANDi PRIORITIES (IN NO PARTICULAR ORDER): A) HIGHER VALUE HousING DEVELOPMENT B) CONTINUATION OF CURRENT ECONOMIC DEVELOPMENT PROGRAMS W EXPANSION AREA FOR ADDITIONAL INDUsmLAL DEVELOPMENT O) REDEVELOPMENT PLANNING FOR THE DOWNTOWN AREA W INTENSIFICATION OF CITY RECREATION FAOLITIEB AND AMENITIES F) FOCUS ON ENTERTAINMENT/RECREATIONXIM ACTIVITIES IN THE DOWNTOWN AREA G) GREATER UTILIZATION OF THE RIVER FRONT H) ATTENTION TO TRAFFIC C1NCERNS (ESP. NWV 25 / BROADWAY) 1) BETTER ACCESS ACROSS 1.94 (Born PEmrry wi Am AUTOMOBILE) J) MORE ATTENTION TO AEsTHEflCB IN NEW AND EXISTING DEVELOPMENT 30v Slav 4poo 1~ 100 COMPREHENSIVE PLAN UPDATE os oP Ac v71 /TIES: DISCUSS ISSUES RELATED TO CONCEPT PLANS SELECT PREFERRED CONCEPT OPTIONS DISCUSS/EDIT INVENTORY REPORT CONTINUING ACTIVITIES: • SET POLICY APID GOALS FOR REMAINING ISSUES CATEGORIES • DEVELOP CONSENSUS ON PROGRAM ELEMENTS • PREPARE FINAL- DRAFT OF PROGRAM ELEMENTS, INCLUDING: - LAND USE, TRANZPORTATION, PARKS & PATHWAYS, MOUSING, ECONOMIC DEVELOPMENT, ETC. • HOLD JOINT COMMISSION/COUNCIL WORKSHOP ON DRAFT PLAN DOCUMENT • REVIEW AND REVISIONS PER WORKSHOP CONCENSUS • PUBLIC REVIEW AND HEARING r HRA AOENnA SEPTEMBER 5, 1995 Public Hearing fnr__ the acquisitinn_ and disixs4ition of raw lands described as Lot 5, Block_ 3, OM._ grad ,_�nsidarat_In_n to adspt the re13olution relating thcret.o.. As a reminder to HRA members: Commissioner Barger will not take part iu any action or discussion relating to thin prejoc:t as stated in the arrepted neclaration of Potential Conflict of Interest. Reference and Barkijround_,_ PUBLIC RBARIRt1i The HRA Chairperson shall open the puhlir hearing relating to the aaqulsJtJon and dispooition of Lest 5, Block 3, OIP. On August 2, 1995, HRA members and Mr. JamoR C. Harwood of Vector Tool & ManufacturJng made adjustments and agreed to the first draft of the Purchase and Development. Cnntrar.t hetweett the HRA and Vector Tool & Manufacturing. The purchase price of tho 6.4 arren of heavy industrial lands {I-2) as determin._d by the HAA was $3:1,000, Vector Tool renponalble for a]1 legal and closing oontn. The ontimated market value agreed at $96,000 with a land wrJto down of $6:1,000. The proposed land write-down Is based on Vector Tool employing 30 full-tlmu personnel wlthin two yearn at an averago weJghted wagc!b, n, fit cif $12.00 per hour and cone true tIng :, 15,000 e,1 ft. offJro/manufacturing facJlity. The, HRA approved a motion anrr_pting the agreed upon terms and rondltinnu of the Purr.har44: :incl Development Contract and called for a p,u1,IJc hrarJng d+te of September F, 1995, for the anqulstt.lon and dh4pnolt:ion of raw land". The puhlic he:,rin;i notine appeared In thn Monticello Tim,iu ori August 24 .and 31, 1995, meetJng the hoar•Jng notice rogrtirems,ntn .an rant by the Minneant.a Statutory. Site plans are hoing reviewed by this City Engineer. htrlldlug i'sl:+ns will he eubmJth•d 00011 to tho City Ruildinu offt,:i,,], prolimtnary termt4 and con,tittons of the lending N"t.lt.ntlosn ws•re oubmJttod to the psartnero, the psartnr-re art, prui,arintl .., ln.,n applicatlon for submittal to lit-) Central M1nnount.a Ind f lat'No Fund, aril the Mont lr..s.11o EDA to .ntJcJpat ing request for fundis from the Greater Muntieullo Enturpritie Fund. Yut to hu ruuolved is the propof4i�d huyrsut rsf rsne rsf threw partnrsru of Vector Tur,l. Page t HRA AGENDA SEPTEMBER 6, 1995 Upon hearing comments from the general public, the HRA chairperson shall close the public hearing and call for a motion to adopt the resolution authorizing the acquisition and disposition of the raw lands. ADOPTIOX OF THE RM16 TIOW Prior to the adopting the resolution, I recommend the HRA review the Monticello TIF Policies for compliance. This t.n be conslatent with other HRA projocts; although, this is not a TIF project, the HRA Is still writing down the land cost. B. Alternative Actions: 1. A motion to adopt Resolution No. 95-7 authorizing the acquisition and disposition of raw lands described as Lot 5, Block 3, oIP t3 Vector Tool & Manufacturing. 2. A motion to deny adoptiun of Rcaolution No. 95-7. 3. A motion to table any action. C. Recommendation: Staff supports the HRA efforts in attracting a quality manufacturing business; however, cautions the HRA to be clear of Its rationale for the established purchase price. 11. Supporting_Data Resolution for adoption, public hearing notice, Monticello TiF Policios, and comparlson of offers. Y Paye 2 HRA RESOLUTION NO, a5-7 A RESOLUTION BY THE HOUSING, AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO, MINNESOTA. AUTHORIZING THE ACQUISITION AND DISPOSITION OF RAW LANDS DESCRIBED AS LOT 5, BLOCK 3, OIP WHEREAS; both the Housing and Rodevulolamcnt Authority in and for the City of Montleello (the "Authority") and Jamey C. Harwood and Bradley D. Barger, partners, agree to the terms of the Purchase and Development. Contract between the Housing and Redevelopment Authority in and for the City of Monticello and Vector Tool A Manufacturing, a Minnesota general partnership, (the "Roduvoloper"), and all the eonvenants therein; and WHEREAS, the Housing and Redevelopment Authority in and for the City of Monticello declares the said raw lands for acquisition and disposition lies within the Modified Central Monticello Redevelopment Plan of Redovolopmc�nt Project No. 1; and WHEREAS, the Housing and RedRvelopment Artthority in and for the City of Monticello owns the said raw lands and the parties agree to an estimated market value of $96,000 for the said raw lands; and WHEREAS, the Housing and Redevelopment Authority in and for tho e City of Muntieullo deelareeii proper notice appeared In the Monticello Tines relating to the public hearing held September A, 1995, for the acquisition and disposition of the said raw lands: and WHEREAS. the Housing and Rudevelupm-w Authority to and fur the City of Monticello and Jamcra C. Harwood and Bradley D. Barger agrae that the Redeveluper will ounst.ruct upon the said raw lands a 15,000 eq ft office and manufacturing facility for Vector Tool and Manufacturing craating 30 full-time johe within two years at, an average weighted wage!bunofit of $12.n0 pur hour; and WHEREAS, the Honsiny and Redcvclnpmont Authority in and fur the City of Monticello and the Redevoloper agree to a purchase pricy of Thirty-three Thousand Dollar~ and No Cents (533.000) for the acquisition and dithoc.ltlon of the r.w Iande duscrihad as: Lot 5, Block 3. Oakwood Industrial Park, City of Monticello, County of Wright, State of MJnnesota NOW, THEREFORE, BE IT RESOLVED by the gnvr:rnlny holy of the Housing and Redevelopment Authority In and for the City of Mnntir:ello finita the redevelopment tri be In the public interest, hcrausu: 1. It tri canolstunt with rhe City of Mnnt1cellu y Comprehensiv,i Plan- and 2. It will dlsrr.,urago commorce: Industry: or manufacturing from moving their operations to another state; and �. It will result In increased employment in tho municipality; and 4. It will result In prewervation and enhanrcment of the tax base of the municipality. The Housing and Redevelopment Authority in and for the City of Mnnticello, MlnneRnta, does hereby authnrize the dlepoaitlon of described raw lands to Vector Tool a Manufacturing subject to compliance of the Purchaeo and Development Contract dated 95. Adopted by the Monticello Housing and Redevelopment Authority t.hls day of September, 1995. ATTEST: HRA Exocutivo Diroctor t HRA Chairperson .L FOR BIDS ill be received by the Monticello -Big Lake Barbara Schwientek. Monticeno-Big Lake 55362, until 12:15 p re. Central Daylight Time, wed atter this date and hme will be returned after the date and hour listed above for the e refereed to the Board of Directors for anay eboard with. 30 d8 iy! d Mmt.cell0- Lake Community ;tek, , elle Big Lake Commonly Hospital, on rf ,ter Hospital,; a .. August 10. 1995 ospilal District reserves the right to reject any egulmibes in the ridding oard of Dreecims ,MENDMENT NO. 275 LO, MINNESOTA, DOES HEREBY ORDAIN 'N B (C), OF THE MONTICELLO CfTY ORDp IS OF IO OPERATN FOR LIQUOR LICENSE -ED TO READ AS FOLLOWS: Ther provided that no intoxicating aqua nary directly, W indirectly, except between the W aneo'clock (1:00) a re Monday, err then 'ood to pern,ns who are seated of and If, day of Auoalsl, 1995 -Brad Fyle. Mayo, 'atom iMENDMENT NO. 274 LO, MINNESOTA, DOES HEREBY ORDAIN 'ION 1, PERTAINING TO PENALTIES FOR IOLATIONS, BE AMENDED TO READ AS ter who is round to have vidatod an oder of amply with any provision or INS ordinance and mils issued hereunder shall be Med not less no more than Five Thousand Dofws (115,000) e vloatron shell occur Or continue shall be e In addition to the feenal ies providad herein, eyo fees, court Costs, Court reporters tees. 1 opiate action agalml the porion found to oder. • repulauons, and pmmlts hwe0 ndd,tiot.. the chill penalties fxmdod for m uovalons of this rndlnonce or who has a dm ruction, damage, N othw impairment 10 the dl became sable to the Cittyy Ia any expanse, � w discharge The puecior may add 10 the eased for pry cloanh0, repdr, monilving at . caused by the NOIei on or diaChmge Arty I conslitute a violation of this ordinance .Ib day of August, 1995 - Bine Wyle, maw mhe PUBLIC NEARING inmlrgs will be hold by aro City of Moeticell0 S, at 7 P in , In the Mentalis City "all to cm nr a cnnddlenot use pormll no - wing a lopre-I In a R PUD lone Location i Inc oolmninery plat approval of the pia :A on Outlol A, Klein Farms Inc u e slnll aisle and driveway conditional nate curb reguh emenl m the non of Loc often Lot 5. Block J. Oakwood nccepfed on ahow sutyeds, and an pwsam toci$ will ho Mad at this meaning ommm� -m will ho subject to W oval p ..d, day, Said 11, 1995. al 7o, ra , N to, housing resolution The general funcft description of the type end use of each faldaty, the developer which currently owns a" facility. and Its tocetiw we as togowl Devalopsirl Description-KIIINO. TO""ll, 311f.mlyw tonhur o. Oubstaranrp Mortgspe Balssse.-SI,t10,00a Owrr.r/Owwsf Perbnr(eJ211sitd. Properties, CyA1 Palmist. gen.nl partner D�srelopsmsat Locos! 20Y Larding Lase, Mon leeno The maximus egDegate face amount of bonds to be issued with regard to each oI the above dovelopmenb win be the Proportionate Mare each oulaandtq ngrt. gage balance represents of the total outstanding age balanoe (total of mors gapes epproximatety $35.152,2 75) es a pwcentaps of new bonds to be issued Pelves w hino to Comment on rhe proposed fnerloirlg may appear In person at the hearing or may submit written comments to the uddertgrlaA prior to the hearing -Kedudno G Fadtey, conmieNoner (Aug 24, 1995) Notice of Public Hearing HOUSING AND REDEVELOPMENT AUTHORITY CRY OF MONTICELLO-COUNTY OF WRIGHT STATE OF MINNESOTA NOTICE IS HEREBY GIVEN that the H and Redevelopment Aungryty (are 'Authority') of the City of Monticello, County of Wflghl, State of Mlrmesote. will hold =e puDtlt hearinp Wednesday, Sept 6, 1995 at approximately 7:00 p en , at the Cly ALmdceno, Minnesota. '118"to the proposed action and disposition of raw lards located within he Modified Central Monticello Redevoldprtlern Plan for R sidern•elopirmeni Project No 1. The proposed for acquisition we described as form LCUWIMIQLrAm Lot 5. Block 3. Oakwood trdisaial Park, City of Monticello. County of YNIga1. State of Minnesota -Ohs Koepchak, HRA Execuum Director (Au, 2, A 3. 1995) TENTATIVE AGENDA FOR THE REGULAR MEETING OF THE MONTICELLO CITY COUNCIL It is Ordered end Notice Is o a m., a hearing win be held In Thi. Buffalo, Mknesota, Ip the formal win of the Decedent, doled Fedi Rebecca E Oslund, whose Oddi 55320 es Personal Represerdat. VISED edminishetton Any objet WWior to Wal the hearing If prc Representative win be appointed the power to correct ire assets. to sell real and personal property, m Notice n also p,en that (subl claims against the Eslate are i Representative a to me Court Ao Notice o, the claims will be banes Dated. Aug 17, 1995 Attorney, to, Personal Represents Paul W SIM HALL A BYERS, P A 1010 W SI German, Suite 600 St Cbud, MN 56001 (61 21252 4414 ax 16121 252 4462 F,norney License No 104814 lAug 24 d 5;. ( 6651 You're always clo A LETTER f It you're leaving Minnesal we'll help you keep in lout back home. A terfer From dealing lust with what you well-informed GLeat gdjjL A Latter From Minnesota, I I I STATE FAIR To F The wall Inh Annrv6rsary 1 Free Recip MernbershlF • Free recipe Over 100,000 rocq end For Furth Independent in 4R; Telophone (6 HOUSING AND REDEVELOPMENT AUTHORITY i City of Monticello TAR INCREMENT FINANCING POLICY Program Purpose: 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 cone iaeratIons. 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. ♦. The project shall increase moderate priced housing options for IL area residents. 5. 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 improvements including utilities and/or park development which would not otherwise be available. a. The project shall be deemed to promote additional doeired "spin-off" development. Lot 5, Block 3, OIP HRA Mot.ion HRA _Motion, April fi, 1995 August 2, 1995 EMV $96,000 EMV $96,000 Purchase Price $60,000 Purchase Price $:13,000 Write-down $36,000 Write-down $63,000 (+$27,000) 15,000 sq ft metal office/ 15,00n sq ft metal manufacturing facility office/manufacturing facility Totiant Ownership Existing Munticello One partner existing business Manticollo business Annual payroll, $632,31.0 Annual payroll, $748,800 38 X 2080 - 79,040 hours 30 X 2080 a 62.400 hours X $8.00 over 2 years X $12.00 over 2 years (+$116,480 annually) Growing, hard working company Orowing, hard working company C HRA AGENDA SEPTEMBER fi, 1995 Consideration to re_view_for further direction the Development_ 4gLegment between the_HRA_and Larsnn_iMetcalf relating_ tu_a 20 foot easement. Reference and_ Rar_kground_: Within the last week Larson/Metcalf blocked off the access from the Post Office to I.ncust Street. On January 11, 199f: the HRA recommended Brad Larson address a letter to the Cinco Corporation (owner of the post uffioe building) giving a 30 - day notice to close the driveway. The HRA's objective wa-3 to encourag,, the two property owners to rr_Knlve the problem ur fnr Cinco Corporation to inquire to the city for purchase of the old Hass Property. (Son encloried letter of April 26, 1995.) As Jeff O'Neill indicated at the. January 11 meeting, rhe public has the right-tu-cross. within the 1983 D,•velopment Agreement between the NRA and Larsnn/Metcalf (the "developers"), the developers agreed to file of rc-cord a twenty (20) fuot wide easement fur purposes of ingress and ogresu in favor of the City of Monticello to he approved by the City Attorney. No record of the 2n foot eaaemout exi:yts. The City does own a small strip of property to the north of the Larson/Metcalf office building; however, thr strip does not run westerly to a point joining the property owned by Cinco Cnrporation. Brad Laraun has repeatedly regtleerod the HRA or City to provide a temporary driveway for postal use with an anrea+--a to Linn Street thrnrtgh the old Haus Property. PnetmaOter Hutchinson has called Adminintratnr wolfnteller stating the City promised US Post Office an Ingress and egress. AI though City Adminlutratlon does support the HRA's rocommond.ation and objectivr, they do fool t,ho puhlic hara the right-tn cross and that the developers have nut complied with the Dovrlopmumt Ayreument of October Al, 11A3. After dleeuuuion, the HRA may wltAi to considi-r the follr,wlny al toVila tIvos. Altarn:itivu Actinnn: A motion to stand firmly hohlnd hRA r11cnmm0nd.-4tlnn of January 11, oncourabing t,ho two prop,rrty ownerw to rvoolvo the lunue. P.agu 1 HRA AGENDA SEPTEMBER 5. 1995 2. A mntlon to obtain legal advise relating to poasihle enforcement of the DrevPlnpment AgreemHnt. 3. A motion fur the HRA or City to providn a tompnrary driveway through thc-: Hass prnporty with an accoan ro Ginn RtrAnt. 4. A motion to take a "wait and ace" approach. C. Staff recommendation: Tt appears the HRA and City has harm thn aul,iont fnr mat resolving thr. icssur_. Staff suppnrta altNrnativc, No. 2 ur 4. D. DA -N _ Development Agreement, Map, and Letter of Apri] 75. `+ Paye 2 DEVELOPMENT AGREEMENT �f THIS AGREEMENT, executed this I�eay of October, 1983, by and between the Monticello Housing and Redevelopment Authority (hereinafter referred to as "the HRA") and Bradley V. Larson and James G. Metcalf (hereinafter referred to as "the developers") set out provisions for the disposition of lands and the orderly development thereof in accordance with the Central Monticello Redevelopment Plan. The HRA and the Developers do hereby agree as follows: THE DEVELOPERS AGREE: I. That development of land and all buildings shall be in accordance with this agreement, the Central Monticello Redevelopment Plan, and all other applicable, municipal ordinances. That for the purposes of establishing valuations for taxes payable, the building and appurtenant facilities to be first constructed on the following described real property, to -wit: The Northeasterly Fifty Feet of L:ts Eight, Nine and Ten in Block Fifty, of the Village of Monticello, according to the plat thereof on file and of record in the Office of the Wright County Recorder, which parcel may also be described as follows: Commencing at the Northeasterly corner of Lot Ten, Block Fifty, Townsite of Monticello; thence Southwesterly along the Easterly line of said lot Ten a distance of Fifty Feet; thence Westerly at a richt angle to the last described line across Lots Ten, Nine and Eight in said Block Fifty to the Westerly line of Lot 8; thence Northeasterly along the Westerly line of Lot Eight to the Northwesterly comer thereof; thence Easterly along the Northerly line of Lots Eight, Nine and Ten to the point of beginning, all in Block Fifty, Townsite of Monticello. 2,—If That part of Lots 9 and 10, Block 50, Tbwnsite of Monticello, described as follows: Beginning at the SE-ly corner of said Lot 10; thence NE-ly along the SE-ly line of said Lot 10, a distance of 102.84 feet to a line parallel with and distant 82.00 feet SW-ly of, as measured at a right angle to the NE-ly line of said Lot 9 and 10; thence NW-ly along said parallel line, a distance of 40.21 feet to a line parallel with and distant 7.00 feet NW-ly of, as measured at a right angle to the SE-ly line of said Lot 9; thence SW-ly along said parallel line, a distance of 102.88 feet to the SW-ly line of said Lot 9; thence SE-ly along said SW-ly line and the SW-ly line of said Lot 10, a distance of 40.20 feet to the point of beginning. shall be deemed to be totally complete and assessed as such as of December 31, 1983. 3. That in the event the County Auditor or County Assessor will not record evaluations for a complete building prior to its actually being complete, Bradley V. Larson and James G. Metcalf will pay to 11RA the difference between the tnx increment based upon the partial building and the tax increment based upon the completed structure. 4. That in any year in which the tax increment generated by the development does not meet or exceed the amount required by the HRA to meet its debt retirement demands, the developers shall pay directly to the HRA the difference between the actual tax increment collected, m d the required debt retirement payment, said payment to be made no later than the 15th day of December in the year in which the taxes are due and payable. 5. That they shall purchase from the HRA the following described real property, to -wit: The Northeasterly Fifty feet of Lots Eight, Nine, and Tien, in Block Fifty of the Village of Montioello, according to the plat thereof on file and of record in the Office of the Register of Deeds in and for said County. on or before the 16th day of November, 1983, and they shall remit payment in the sum of $10,000.00 to the HRA on the date of purchase. 6. That no "project land" acquired by the developers from the HRA may be resold prior to improvements being made without the prior written consent of the HRA. 7. That there shall be no discrimination on the basis of race, color, sex, creed or national origin in the sale, lease, transfer or occupancy of the property covered by this agreement. 8. That the property shall be devoted only to the uses that fall within the scope of the Central Monticello Redevelopment Plan for a period of twenty (20) years from the date of this agreement. 9. That, except where physically impossible, all public and private utilities serving the parcels within this agreement shall be under- ground. CD. Developers agree to file of record a twenty (20) foot wide easement. for purposes of ingress and egress in favor of the City of Monticell to be approved by the City Attorney. THE HRA AGREES: 1. That the HRA will convey to the Developer title to the following described real property, to -wit: The Northeasterly Fifty feet of Lots Eight, Nine, and Tien, in Block Fifty of the Village of Monticello, according to the plat thereof on file and of record in the Office of the Register of Deeds in and for said County. on or before the 16th day of November, 1983, for the sum of $10,000.( 2. That, prior to the conveyance of title to the developers, the HRA will demolish existing structures and generally prepare the site for new construction. + -2- b IIT 3. That they will provide a deed to the following described real property, to -wit: The Northeasterly Fifty feet of Lots Eight, Nine, and Ten, in Block Fifty of the Village of Monticello, according to the plat thereof on file and of record in the office of the Register of Deeds in and for said County. 4. That for all sales of land referred to herein, the cost is the total cost. No existing special assessments shall be transferred to the developers, unless the developers request such transfer. The HRA further agrees that when the price agreed upon herein is paid by the developers to the HRA, the title to the parcel will be transferred free of all encumbrances. FOR THE HRA X11 �7 A Thomas A. Eiden This day of November, 1987. Notary Public ' INCTW &WOOMaLM.AmIl."S A XFOR T EVELOP RS B� dlev W. Lao on -3- ./Metcalf PIDI 155-010- 162 I I I JONES05014P ENV 1a 1.800 0 T 1874.70• � I _ I I I I �s I \M i •I Y Ci TT'1or M*I D 050010 ENV `I I . so01 Eaaagl I I 1 I � I I v CULP) 050011 a DW 161,6W T /t.770.11 . I 11 TIr REDEVELOPMENT DISTRICT 12 BOUNDARIES DISTRICT DURATION 2010 T9 or BROADWAY SQUARE LIMITED PARTNEF 1 051020 Fero Y I I I 3 0101 ary $eR9, 7oD Pou ,g V 1S I I I c 1100. T 117.694.1$ �o�' h PbsT GKiyc �++til • DIPT - osloeq 0! 70 I I 1 1'O p mfr a r ENV 1127.600 $197900 1 1 1 `I g T /2.1270.88 T 16,888.98 I I Fjj V 3 6 1 7 O 99 /o lyl 4au. 14r, %0 Broadway S\ S 2 a u I ` TANNER QUIST 050610- m ON $51,09D O Q,- - lq uSr11 �5ow1051111 d -Os0170 EKO $46.901 T $647.68 a EMV 161.100 C T 1411.70 I J� RIVES PARR VIEW' 051170 T 1761.b6 ' CIV 1760:600 I I T $16,475.97 f r uo%le.-,6uk 050111 DIV G i. $14.6o00d IIEASURE T $905.90 /j It 1p 0 IOSIEMv s1,SOO T 11.455.4U I I I eRW�gl 6 mifE,Y71 I o o T9 or BROADWAY SQUARE LIMITED PARTNEF 1 051020 Fero Y I I I 3 0101 ary $eR9, 7oD Pou ,g V 1S I I I c 1100. T 117.694.1$ �o�' h PbsT GKiyc �++til • DIPT - osloeq 0! 70 I I 1 1'O p mfr a r ENV 1127.600 $197900 1 1 1 `I g T /2.1270.88 T 16,888.98 I I Fjj V 3 6 1 7 O 99 /o lyl 4au. 14r, %0 Broadway S\ //�i�ca� � eLareon ATTORNEYSATLAW po. So' u! W tint A-11.8, MonticWa ww4w&SM0u6 JAMES 0. METCALF TELEPHONE BRADLEY vLAasoN 295-3232 April 25, 1995 (61M� ETRO M1a 421•3M FAX Cinco Corporation P. O. Box 185 St. Cloud, Minnesota 56302-1185 Gentlemen: Please be advised that we are the adjoining land owners to the east of the post office. I believe you own the building and rent to the United State Post Office department. Over the years we have had some discussion with your predecessors in title with regard to the driveway that your patron's use through our parking lot. In the past there has been no desire on the part of you or your tenants to participate in the cost of maintaining the driveway which exists primarily for your benefit. Therefore, we are putting you on notice that on August 1, 1995, the drive will be terminated at our common boundary lines unless, prior to that time, you contact us and we reach an accord with regard to future sharing of expenses with regard to the driveway and its maintenance. Respectfully yours, METCALF 6 LARSON By: (/.� Bradley V. L son, Esq. HVL/gls cc: United State Post Office ATTENTION: Postmpstar City of Monticello J ATTENTION: Jeff O'Neill Broadway Partners Atc4 & Lauon AT/DANEYSAT CAW 313 NrY BMW.My P 0 Bm 446 MwocWa VAI -40 Y 55362-0448 BRADLEY LARSON TELEPHONE JAMES G, METCALF. OF COUNML (612) 295,3232 ,475-19 A FAX August 31, 1995 (612) 295-3132 Carol A. Gabriel Real Estate Specialist United States Postal Service 6800 W. 64th Street, Suite 100 Overland Park, Kansas 66202-4171 Re: Monticello Post Office access Dear Ms. Gabriel: I am in receipt of your letter dated August 28, 1995, and a copy of the deed whereby Monticello Ford reserved an easement for ingress and egress over the 12' strip. I was out of the office on August 29th. I do not know if the City or Monticello Ford ever granted an easement to your landlord. when we constructed an office building next door, the City caused us to relocate the driveway. I do know the City and your landlord will not take r- responsibility for the driveway that is primarily used by your patrons. In any event, the easement reservation would appear to be void as there was a historical gap between our office building and your landlord's property. Neither Monticello Ford, Inc. or the City of Monticello can grant or reserve an easement over property that they never had title to. We have since acquired that strip. I have no desire to create a hardship for you or your patrons but the failure of your landlord to communicate and the City's position that it has no responsibility forces the issue. I am willing to negotiate a driveway license agreement for your use of the driveway. The various owners of our parking lot have spent thousands of dollars over the years for snow removal and maintenance. The traffic current flow also presents a safety hazard. Your landlord can provide you with an alternative access via adjacent City owned property and increased parking that would facilitate a safer traffic flow onto another public street. I am open to any suggestions but the barricade posts will remain until a resolution is reached. I suggest your landlord approach the City regarding an alternate access. This action should come as no surprise to you since your landlord, the Post Office and the City were put on notice of what I intended to do back on April 25, 1995. I enclose a copy of that letter in the event that you were not provided with one. Carol A. Gabriel Page Two August 31, 1995 Please do not hesitate to contact me. Respectfully yours, METCALF, LARSON && M/UTH'j/J,',`/'—// Y i Bradley V. Larson, Esq. BVL/91S Enclosure cc: Monticello Post Office ATTN: Jack City of Monticello ATTN: 011ie 11 HRA AGENDA r SR.PTEMBER e, 1995 5. Consideration to review for further direction the cnm_arison between the Tax Increment Guarantee and the Tax increment received relating_to certain TIF Diekrirts. A. Reference and Background- With ackground:With the increased number of rrnated TIF Districts, changes in Statutory lawn, and lncroaand ways of diabursing or reimbursing TIB Funds; a summary of the TIF Plana and Redevelopment Contracts was completed in order to imprnve- tho monitoring of TIF projects. With the completed summary, staff was able to identify which contracts had prnvisinns of Tax Indrement (TI) Guarantees and compared the TI Guarantees to actual TT received. You wlII note on the enclosed TI Guarantee (Exhibit A) that District Noe. 194 IXI (- $13,003.50), 8 NSP (- $3,255.x7), 9 Tappers (- $2,724.03), 10 Remmela (- $8,817.56), and 12 Aroplax (- $1,976.26) show a total shortage of $29,777.72 bptwosn the guarantee and tax increment received. Generally, the TT Guarantoe is a provision within the Private Rwdevelnpment Contract for projects which received upfrnnt aanistanco. For nlatrtcts t A 4 TXI, the TI Guarantee was $28,000 annually commencing in 1989. With the purchase of the TXI property, Mr. Morrell requested the E14V of the property tin Inwerod to an amount consistent with the purchase price. The Aeacaamunt. Agreement was oliminatod and the TI Guarantee of $28,000 was reinstated. On May 8, 1996, Mr. Morrell received a lotter from the City Adm.iniatratnr addrpsaing the than $12,817.93 shortfall. Mr. Morrell has not responded to the lotter. In n ronversatinn with the County Auditor's Office, Diotrlct 8 NSP's TI decreased in year 1994 banause the classification was changed from a preferred to a non-preferrod causing a reduction in the tax rapacity. This will he o:orrer.tml for taxes received 1n 1996. However, there still appearo to he a shortage. District 10 Remmele, some of the ahortagu m:ay he thea result, of the cnmpany's deniainn to down -size the original project sizo after approval of the TI Plan. The Increase in the TI received in 1994 was due to the plant exivanaion. In addition and fnr all the districts, the shortfallu may rosult from the reduction In the preferred nlasNlflcatintn rates for commercial and Industrial which was a Stato law Pnoctod to roduvo the commercial/industrial prnporty taxes. Page 1 HAA AGENDA_ f SEPTEMBER 61 1995 There are no discrepanencies between the ENV within the Aasessmont Agreements and the tax_ books. Although this does not cause the TI shortfall anti as an example, the. 1993 Remmole property tax bill was $38,782.67; however, the tax Increment received was $27,322.82. The major difference being the 1990 tax rate of 81.84.14% is frozen for purpose of TIP. Compare this to the 1993 tax rate of 107.327% Secondly, TI is calculated from the captured tax capacity only. Remember, a business only sees the property tax statement and are unaware of the TI amount received by the HRA. The current shortfalls for each individual district may correct itself by the time the district terminates. The total TI received from all TI Districts show a surplus; therefore, itIa apparont the HRA dope not need the dollars. According to Attorney Rubul, the issue becomes an HRA policy question whether to enforce the Redevelopment Contract - TI Guarantoa. for Districts_ 1 6 4 which have terminated, annthor conaideratinn is "Whether the district terminated with a deficit?" Other considerations relate to the cost associated with enforcement of the prnvipinn vpraue the value of a Private Redevelopment Contract. Maybe a notification letter annually or upon termination of diAtrlct identifies the shortfall without being forceful. After dfsrueninn, RRA members should consider the following altarnntive for further direction. S. Alternative Actions: 1. A motion to continua for further consideration. 2. A motion to enfor ae the Redevelolmwnt Contrant - TI Guarantee ProviAlon as determined. 3. A Motion to not enforce the Rodpvolopmont Contract - TI Guarantee Provision. C. Staff Rocommendationr For endorsement of the Redovelopment Contract, tho HRA might consider the issuance of an annual shortfall notice (not due And payAhle) with a Axplanation that the MRA will review the ` total amount of Ti rocetved At the termination of tho district `((� Page 2 HRA AGENDA SEPTEMBER 5, 1995 "L. along with the district deficit. Sind Mr. Morrell r.,tluested to have the EMV lowered and the HRA agreed, a second effort by the HRA to collect the shortage of $13,003.50 may he in order. Staff does not recommend any hard-line enforcement since some of the public Is aware of the TIF Surplus Fund. D. Supuortinq Data: Tax Tncrement Cuarantces, Letter to Mr. Morrell, anti Agroomont. IL IPaye 3 START C04mA11r/ AgQJAL TUI n RECV9 DATE TAI DUCREIfiEIOT GUARAKTEE 1981 t86 FSI -113 128.0X70.00 in RECYD n RECYD 1985 1988 1989 Ib -tl _ S3_D30.16 55.991.10 IXl - 04 SOLO - 0-T Total 1989 C -,v 5 - 05 1988 Raindanm -96 1989 NA WCO - 07 1991 NSP - 88 1992 Tapper -89 1997 Tapper -49 1992 Ra ete - 110 1994 Arppiat-812 1994 Suburban -814 TIGUARAN.WK4 0825195 528,000.00 53430.16 55.991.10 5537110.00 S-0-00 _ 50.00 511500.00 SO.m $0.00 530,900.00 $0.00 50.(0 56.913.00 S0.(0 50.00 526,100.00 --- 50.00 SOAK) 5341100.[0 1989 T. 5321100.00 50.00 - S0.(0 S21 -SWM SOLO 50.00 512500.001- -- - 50.[70 $0.00 53430.16 55.991.10 i 535,05956 50.00 SOHO 50.00 50.00 50.00: SOHO 50.00 50.(0 SO.00 50.00 50.00 535/5956 TAX INCREMENT GUARANTEES TI RECYD n RECYD n REC7 n RECYD n YD REC I n Y RECD n RECTO n RECV'D RECD n Y TOTAL 1987 I= 1989 T. 1991 1992 199 ;994 1995(11!) 14ORAG I THRU 1994 542,416.76; 550,739.321 547,528.23 545,739.591 547.737.41 552,816.481 555.716.661 SOAX) $11.10 511.1X11, 50.00 527,150.45 S8,375.741 57,982.97 I 58,301.35 I SO.(10 578.72452514.7233:0 S18.471.971S19.2294.92 SO.00I 5105,K753 71 S23,09981 5 526,45444 527$96.271 S22A70.04 527,775.67! 5().(X1I S0.(MI S13,(X)3.511 S15,111.68 516,165.101 S71,334.35I 562,49.271 566,173.401 569,919.601 572.485.441 S75364.181 537320.20 5(1.00 ) $0.00', 552,234.271 $53,051..'01 $50,976.731 553,458.021 562.631.481 $66532.03 _ $69.145.981 5342.54.95 50.(X) 50.00 50.00 $33,462.761 532,120.101 $33528.451 536,907.921 S3M.942..53 $19_86_335 534.945.25 51[1X) S0.(X) 50.00 so -Vol 50.(01 $7,173.411 $6,673.061 $6,277.951 $4532.12 _ _$2,157.16 53,255.87 50.00 50.(0 1 50.CU 1 5(L(X) 1 $0.001 S25,628.141 525,322521 524.196.01 512.144.09 52,724.031 $0.001 50.001 50.001 501.(X) I SO.001 $27)1,59.921 $2732L521 533.965281 517142.621 58,817.56 50.00 Saw i Son I SOIX) I $0.00 l $0.00 l 514.70 I $19523.24 � 510,454.11 � 51,976.761 5(1.00 50.00 Saw! $(1.(X1) 50.001 50.001 $0.001 512,954721 $&149.061 SO.(X) 557,52444 5225,014.01. 5228,476.22 5217,340.631 5235,666.96; -,704$06.641 $320,390.021 5279549.351 5156.367.44 529,777.721 i I v Office of the City A dmin,scratut May 5, 1995 250 Eric Broadway Monticello, MN 55362.9245 Phone: (612) 295-2711 Metro: (612) 333-5739 Mr. Jay Morrell M & P Transport 1401 Fallon Avenue PO Bo: 477 Monticello, MN 55362 Re: HRA assessment agreements for Lot 7, Block 3, Oakwood Industrial Park Dear Jay: As you may recall, the Monticello HRA had recorded an assessment agreement covering Lot 7, Block 3, Oakwood Industrial Park (former DCI property), which guaranteed the HRA a minimum tar increment revenue from the property to support and retire debt obligations. Upon your purchase of the property in 1988, you had requested and received approval for a lower market value on this property from $879,400 to a value of $700,000, provided that you agreed to enter into a separate agreement with the HRA that would guarantee the HRA tar increment revenue annually of at least $28,000. If the $700,000 valuation did not generate at least $28,000 in tar increments for the HRA, you would be required to pay directly to the HRA the difference between the amount collected and the $28,000 amount. Enclosed you will find a summary of the annual tar increments collected by the HRA for the years 1989 through the district'e duration, 1993. Total increments collected from your property amounted to $127,482.07, which is $12,517.93 short of the agreed-upon amount of $140,000 based on $28,000 per year. The recorded agreement dated May 30, 1989, which allowed your property valuation to be lowered, indicated that any shortfall would be reimbursed to the HRA snnuaDy on the 16th of each December. Since the HRA knew there might be some fluctuation in the amount of increments generated each year, it was decided that since the district would be completed by the year 1994, we would wait until the final increment was received to calculate the amount of shortfall, if any. Mr. Jay Morrell May 5, 1995 Page 2 Enclosed you will find a copy of the original agreements and correspondence firom May 1989 and a listing of the tax increments received from the Wright County Auditor's office on your property. Please make your remittance out to the Monticello BRA in the amount of $12,517.93 per the agreement. N you have any questions, please give me a call. Sincerely, FMYPF MONTICELLO � W W City RW/kd Enclosures a: DCI TIF District 44 File Fj THIS AGREEHEN^, executed this 30 day of May, 1989, by and between the Monticello Housing and Redevelopment Autnority (hereinafter referred to as ^the BRA"), and John W. Plaisted (hereinafter referred to as ''the Developer") set out provisions to establish a minimum guaranteed annual increment for the described property located in the City of Monticello, County of Wright, State of Minnesota, to -wit: E 180 ft of Lot 7, Block 3, Exc N 175 ft, Oakwood Industrial Park, City of Monticello. Lot 7, Block 3, Exc 1BO ft, Ly S of N 175 ft, Oakwood Industrial Park, City of Monticello. The HRA and the Developer do hereby agree as follows: THE DEVELOPER AGREES: 1. That he shall purchase the above described property from First Bank - - - - — -National-Association, Minneapolis, for the sum of Five Hundred Thousand Dollars and No Cents ($500,000). 2. That this agreement becomes void and of no further force and effect if the above described property is not purchased. 3. That the minimum guaranteed annual increment for the above described property be Twenty-eight Thousand Dollars and No Cents (S28,000), commencing with the taxes payable in 1989 and existing through the duration of the Tax Increment District, Year 1994. 4. That in any year in which the tax increment generated by the above described property does not meet or exceed the amount required by the EIA to meet its debt retirement demands ($28,000), the developer shall pay directly to the ERA the difference between the actual tax increment collected, and the required debt retirement payment ($28,000), said payment to be made no later than the 15th day of December in the year in which the taxes are due and payable. 5. That the acquisition of the above described property will comply with the Monticello Zoning Ordinance and the Monticello Comprehensive Guide Plan. 6. That a reasonable minimum market value for the above described property be established between the Developer and the County Assessor. THE HRi� ArREES: 1. To terminate or eliminate the original Assessor's Agreement between the Monticello HRA, Ronald and Dee Johnson, and the County Anaessor for the above described property. The Aosesaor'o Agreement for Tax Increment District 11 (easterly 1/2 of Lot 7) hes a minimum market value of 8209,400. And the Anaesser's Agreement for Tax Increment District 14 (westerly 1/2 of Lot 7) has a minimum market value of 8670,000. - L� 7. That the minimum guaranteed annual increment for the above described pcoperty be Twenty-eight Thousand Dollars and No Cents ($28,000), commencing with the taxes payable in 1989 and existing through the duration of the Tax Increment District, Year 1994. 7. That this agreement become void and of no further force and effect if the Developer does not purchase the above described property. 4.. To file this said document with the County Recorder, Wright County Courthouse, Buffalo, Minnesota. FOR THE HRA • kIIiA Ch rson 41n 011ie Roropchax, HRA Director This 3 O1 day of May, 1989. /::, otaiy Publico WRKWODUNrf ...)`F NOTARY AI MY�COMM. FXV. AWE 11, "N FOR ftD,>e,� W) wner This ::;,/'-*-day of May, 1989. 'Notary public 04. NOTARY A VOUGHTOOLIUrf YY 00141. BXV. AM 11, tw ll dh r Entry Date__J__J_ -77 y �.�..0 f,. �. Ey�r•+.t �. /��� Oi i/j�u, dor - J/�/"� �../> J�,, -ro ofX,, Iv.,r✓S i/j/v/�� Il,v'lr.�o Vin,/ Ylr /a/,3 J D /li'��sr �O��i/G vF COAn/ /ire /�//i% YAt la1 f f' J r J Edit Dated / Run Croup Date / _I Authorizo Dato / JOURNAL ENTRIES (Page _ of _) Source Code_ JE-Date/;� / 's JE -ID tl Data Comment Reference Code:_ _ _ _ _ _ Authorization Code Name: --------- ---------- DEBITS - ---•------- - --------------------- ---- ---- ----------------------------------------- --- --- --- CREDITS - - - - ------------- - NR AMOUNT DESCRIPTION ACCOUNT NR - AMOUNT DESCRIPTION rACCv^I.TNT JA >��i•J l�'_. ��,: j_� %f d0 liiy/.t-i fjf�w� I �f3 �0/nJ Sl // y7, , / (s // 2.2 7l. e0 7,4 a.-.. E,,,4,p... _ 13jV /o J /n C-r'Z•v0 95-s'3b y/O r Entry Date__J__J_ -77 y �.�..0 f,. �. Ey�r•+.t �. /��� Oi i/j�u, dor - J/�/"� �../> J�,, -ro ofX,, Iv.,r✓S i/j/v/�� Il,v'lr.�o Vin,/ Ylr /a/,3 J D /li'��sr �O��i/G vF COAn/ /ire /�//i% YAt la1 f f' J r J Edit Dated / Run Croup Date / _I Authorizo Dato / HRA ACP,NnA SFPTP.MRF.R 6, 19g5 V A. Cunsiderat inn t<r ravlrew fnr further direction rice TIP_ Ra1mbur3rmr�nts of curratn TIP DLetricts, A. ReEerenr6 and Background_ Again with the r:umpleted summary of the TTF Plana and Redevelopment Cnntractr+, staff was ails to went i fy and improve mnnitnring of the the TIF reimbursamantR. TTP DISTRTCT N0. 1-11 - MARTTF. FARM SP.RVTr,F. The pay-as-you-go assistance iR an annual payment cnmmrncJnp December 15, 1992, for sevan years. Annual payment from the available TT in $2,5Oo. Tntal TT rncolvod through Dncrmher 1994 in $R,431.93 making an available TI of $7,5RR.74. Pant due payment Is $7.600• TiP DTSTRTCT NO. 1-1.1 - STANDARD TRON & WIRE WORKS, INC. The pay-aa-you-go assistance in a semi annual payment cnmmanc.ing Augue,t 1, 1995 through February 1, 2004 I,or Contract payment schedule or of availahlo TT. TotaI acar, intance not-tn excnnd $317,000 NT'V. TT rnnniv.rl e $11.600.3,, payment of $10,544.77. "Available. TT" wars 13::11C'd nn July 31 , 1 8!15. TIF DTSTRTCT Nn. 1-15 - MISTOM CANOPY Tb" pay-as-you-go naRistanco Ir+ an annual payment cnmmHewtnp Decomho r 15, 1995 for olght yearn. Animal payment from thr, available TT lens 6i,nA6.96, n1'rnn rrrreipt of 59.476.!19 (City HACA Lnss) , and not to exouiod $7,496..'49 or $R, 496. 59 .u.rnr,rl ly. First paymont der, nncr:mher 1995. TTP DTSTRTCT NO. 1-iA RTVP,R MILLS Tho pay-an •yrru-gn annlstancn in a nr ml-annua l l,,rym.•nt commencing Augunt 1, 1998 through February 1, 20n4 per thr Contraclt and rrf availahlo TT. Total ,aoulatanrn nnt• to excned $102.000. First, payment Ane Aulluat 1998. TIP DTRTRICT NO. I-In MISRTRSTi'PT RHnRP.S The pay•aw you gn analntanrr to a somi annuril paymrmt romm4inn int] August 1, 1997 through Fohruary 1. 2012 per tho Cntltrar.t and of availahln TT, Tnt.il annintancu wit-to-rxcoerl $.175,830 NPV. First lrayment. Otto Auguat 1997. 4 Papa 1 HRA AGENDA SEPTEMRF.R 6, 1995 TTF DISTRICT Nn. 1-7 NAWrn The pay-as-ynil-gn aaaiatanre is a semi-anmial payment commencing August 1, 1995 through Fr_hruary 1, 2003 per Contract or paymr.nt srhedulo. Tntal assistanno. not-to-exoeed $112,000 NPV for site improvement relating to the Hxpansiun. First payment of $10.000 wan scheduled for paymont August 1, 1995; however, the rompany has not rnmpleted ttu: A1re. iml,rnvr♦monts or provided a nortifieate nhi,wing evidence of site Improvement payment. or completion. Mr. Stpvc T.nmme has resigned from the company. I'm working with Knut Flakk and John Babcock fair clostui3 of the Stato anti SMEF i.oans and informed them of the TTF assistance. With thr• completnd minimum improvemHnts, the 1995 TT is $69,A90.50. TTF DISTRICT NO. 1-4 IXI nn the May 15, 1995, the HAA recommended rollrinU thn principal balance of approximate $90.000 lnao for the purrha"e of Lot 8 & 6, Block 3, OTP. DiHhuraemont from the TTF Surlilun Fund and to the City of MonticPllu. go evidence of such tranr,fer twi, Lewis e&culwcd. After dlsr.usalon, the HRA may wish to ronsidar tho following aIternatIvus. R. Alternative Actium: 1. A motion authorizing the paymunt of $7,500 to Russrll and Sharun Marti.' and rcquusting evidonco of trannfrr from the TTF Surplus Fund to the City of Mont ko llo for rptiremont of the ioan balance fur purchase of T.nts 5 & 6, Black 3, OIP. 2. A motion to runtinaw fair furthor nonsidoration. 3. No motion would (odi:atN nn .ar.tton neurw3�lry. C. Staff rncommondation- Rnr.ommondatIon .1" for Alternative No. 1 n. Supporting Data: None. Page 2 HRA AGENDA SEPTEMBER 6, 1995 Consideration to discuss fur further direction substandard residential_ proMtties_iur poeaihle redevwlopment_.� Reference and Background-._ Chairperson Larson requested some infurmation on the Olson property along East Broadway for possible redevelopment. Enclosed is an update of estimated market values for Olson, Katzmarek and other residential property the HRA previously has looked at. A few years ago the City started condemnation procese on the Olson property along Highway 25. The property was used as rental property and the City determined it unsafe fur occupancy, therefore, Mr. Olson demolished the structure. I believe the house along Broadway is unoccupied, therefore, it becomes difficult to condemn. The HRA can cnnsldcr purchasn, demolition, and resale. Pnge 1 PROPERTY LOTS F.MV '02 EMV '95 200 West River Str�.Nt of 2 & 3 $54.000 $84.400 Hawkins .Sn 1:2 of 1 & 2 $36.300 $44.500 Warner No 1/2 of 1 & 7 $71:300 577.100 APARTMENT 34,&S $1 RR . A00 200 Went Frnnt Street some of R & 7 S14,0nO Schleif R & 7 $39.100 S56.6n0 n'Cunnor 7 & R $52,-500 $61,00 Kruse (Fire) No 9 & 10 $52.300 $17.200 Rust lc So O & 10 39.1nn $4R,A00 BLOCK RO (TIF 07STRIrT and good tie in to Rlurk .11-51 300 WeKt Rivrr Stra.nt Solberg 3 Quist Lor, 11 & 12 $51.000 4 $211300 Part of Flurcll .1 Hnllenhpnk S 1/2 of 11 A $:14,000 R & 7 $27,500 12 Tanner Lot 13 $48.9n0 .7unpw Lot 14 & 15 $R3,800 (Moat marketahle) 300 W River Street Anderson 1 & 1/2 of 2 $43,800 $49,A00 14ollenheck (new sid)1/2 of 2 & 3 $54.000 $84.400 Puwwrs 4 $48,700 $5A.100 Pratt 5 $58,100 $73.600 300 W Front Street Pratt some of R & 7 S14,0nO $14.000 Helm othor 6 & 7 $47.10n $83,400 Thlmmest 8 $46,000 $65.300 Schwletering So 9 & 10 $71.70n $81.100 Hass No A A 10 S4n.400 $39,-5nn (Moet subwtandard) 600 Wrest 6 Rtraat Solberg 3 $2.1.4n0 524.200 nates 4 $211300 $24.200 Flurcll .1 1,4n,8007 $43.100 n nicer R & 7 $27,500 $33.70n 9 ` Page 1 f - 5()n Wn t 6 StrPc t (Most :aubatandard `�- Reed t , 7., 1 r 7 of 3 $ s . 6nn $71 .300 Munson $33,00n $41.50() 4M&QG mM (Moat substandard) 400 west 6 Str.xet Rlalkc.. 1 $44;000 $51.30n Schultz 7 $48,100 $45.800 Glues 3 $77,4n0 $45,800 Allen 4 & some 5 $41,200 $43,300 RT.nCK 33 (rand ]ncatlon to commorclal, zonod R4 tRoglnnal Buainvnril Co_dar Street between 3rd and 4th Orandall 4, w 56 ft $40,30n $48.200 Tahr 8 $49,300 $58,900 T.lndberg 6 & 72ft of 7 $50,700 $63,500 BLOCK 3 (500 East Broadway Block) Oleos 8, 7, 8 & 9 $47,900 $40.800 oxcopt W 28 ft UNPLATTED LAND State of MN (1.52 ac) State of Mn (.25 ac) Banya! (1.03 ac) i� (2. 08 ac) 158-500-033400 159-800-033402 155-500-033401 155-800-033401 f/ LAND -HRA 9-1-95 ` Page 2 11111 1495 $54.000 $61,900 $3.500 $.1,A00 $63,400 $54.7n0 $41,300 $43,300 A- r � i 7f� i r r• t w' jtCC�:: / i i RIVE i 44 41 0 HRA AGENnA SF.PTEMRF.R 6, 1995 Consideration to revl_ew comments _-from Attorney Rubin relating. to the_raquest for infurmatln_n to ad3_an additional r.r_irerla to the _local TIP pp ii Glee_._ Reference and Background:. This agenda item is a continuation from the August HRA meeting. T'm anticipating the roceipt of written commentR from Attorney Bubul as it relates to adding an additional criteria to the local TIF policies. In May, Chairpurnnn Laraon askod if there were. any legal ramifications fn adding a nineth criteria: Tho prninct shall be doomed to demnnstrato community Involvement and/nr oncourayN local residency. Also to cunRicler iR the HRA b1111ngr4 ror .Tune and July relatinn to thta inqulry. Tntal amount htlled iR n1..IAR.R0 for 21.6 hnurs and nu written responno hao be43n rrcaivnd. T hrnught thiR to the att,�ntion of Mr. Ruhul anti an adjustmNnt to the bll l my iR f'urthct.tming. At, this time, Pncloscd is a ropy of the Juno and July b.i111n9s. Page I SEP 01 '95 14:02 KENNET & GRAVEN KFjgNwY & GxAvFN 011ie Koropchak Econornic Development Director City of Monticello P.O. Box 1147 Monticello, MN 55362-9245 RE: Tax Increment Policies Dear 011ie: P.2 I"= x TECau-M i Jab V. T� D. D L G"� GQ Mn W awe 200t L D+vm� 1AIYIOIOM 6 LAW T.LV Ward You asked me to advise whether the Monticello HRA could add to its tax increment policies a criteria or goal that businesses receiving tax increment assistance demonstrate community involvement by encouraging City residency for the company's employees. I also understand that such a goal would be one of many factors used to evaluate a talc increment request, and would not by itself determine the HRA's decision on assistance. In my view, such a requirement would be acceptable, with the following caveat. Any absolute requirement that all or some stated percentage of employees of a business t,ceiving tax increment assistance live within the City, or a similar requirement for contractors hired in TIN -assisted projects, could raise constitutional concerns. The United States Supreme Court has held that the opportunity to seek employment is a privilege protected by Article W. Section 2 (the privilege and immunities clause of the U.S. Constitution). which can be abridged only if (1) non-residents of the suite constitute a "peculiar source of evil" at which the regulation is aimed; and (2) the degree of discrimination bears a close relation to the reasons for discrimination. United Building and Consmp-tion Trades Council of Camded County and Vicinity Y. Mavor and Council of the City. -of Camden. 465 U.S. 208. 104 S. CL 1020. 1029 (1984). That case involved an ordinance requiring that contractors in any publicly - funded construction project fill at least 40% of the jobs with city residents. The court round that the ordinance might violate the privileges and immunities clause with respect to out-of-state workers. The Minnesota Supreme Court similarly struck down a "local hire" ordinance on the a.1\D)11. —1go. J1 470 FM*M Cab, 110MCIP01b, tit. sm (CM 3".2m 2001 A. Yq Ron" LL M7'ry i800ft (612) 737.1010 Ram L Mala Ja CD. DAKM J. n6lm1JWOG co"M & OJW D VMJ. LDO•� CRUM L LAWWV s WRHUI6 DMECT DILL 30601 IL LAftV" J< aDmt x �•••••• • (611) 317.ftta M/aa C LAMG September 1, 1995 011ie Koropchak Econornic Development Director City of Monticello P.O. Box 1147 Monticello, MN 55362-9245 RE: Tax Increment Policies Dear 011ie: P.2 I"= x TECau-M i Jab V. T� D. D L G"� GQ Mn W awe 200t L D+vm� 1AIYIOIOM 6 LAW T.LV Ward You asked me to advise whether the Monticello HRA could add to its tax increment policies a criteria or goal that businesses receiving tax increment assistance demonstrate community involvement by encouraging City residency for the company's employees. I also understand that such a goal would be one of many factors used to evaluate a talc increment request, and would not by itself determine the HRA's decision on assistance. In my view, such a requirement would be acceptable, with the following caveat. Any absolute requirement that all or some stated percentage of employees of a business t,ceiving tax increment assistance live within the City, or a similar requirement for contractors hired in TIN -assisted projects, could raise constitutional concerns. The United States Supreme Court has held that the opportunity to seek employment is a privilege protected by Article W. Section 2 (the privilege and immunities clause of the U.S. Constitution). which can be abridged only if (1) non-residents of the suite constitute a "peculiar source of evil" at which the regulation is aimed; and (2) the degree of discrimination bears a close relation to the reasons for discrimination. United Building and Consmp-tion Trades Council of Camded County and Vicinity Y. Mavor and Council of the City. -of Camden. 465 U.S. 208. 104 S. CL 1020. 1029 (1984). That case involved an ordinance requiring that contractors in any publicly - funded construction project fill at least 40% of the jobs with city residents. The court round that the ordinance might violate the privileges and immunities clause with respect to out-of-state workers. The Minnesota Supreme Court similarly struck down a "local hire" ordinance on the a.1\D)11. —1go. J1 SEP 01 '95 14 e2 KENNET 8 GRAVEN P. 3 011ie Koropchak Page 2 September 1. 1995 grounds of both privileges and immunities and equal protection. Construction and Gequg Laborer Union V. City of St. Paul, 134 N.W.2d 26 (Minn. 1963). A local residency preference may or may not withstand scrutiny, depending on the nature of the requirernent and the factual context. The Camden court recognized that cities have considerable leeway when seting conditions on the expenditure of their own funds. In this case. the HRA has a strong interest in seeing that its economic development funds yield the greatest possible benefit to the City. Encouraging City residency for employees of TIF -assisted businesses directly contributes to economic development goals, as residents increase the tax base and the overall level of economic activity in the City. The HRA would have a strong argument that its local residence policy is closely tied to the goals of the tax incrcrr=t assistance, and any abridgement of non-residents rights is therefore reasonable. Nevertheless, a strict residency requirement at least raises the possibility of a challenge. This would most Wwly be avoided as long as local residency is simply one of many factors in evaluating tax increment assistance, as the NRAis ow contemplating. I would recommend rhtsl the HRA cast the new tax increment maria as eneral concept of "conununity involvement. That is, one factor in assessing whether to prov' assistance is the degree to which the business adds to the local economy and community bcxjdes the mcm fact that it is located in the City. This could be demonstrated in various ways, including the residency of the company's owners and employees, residency of the contractors involved in the project, membership in local business organizations, and similar factors. These measums would not be an absolute requirement, and could be outweighed by other factors. 1 hope this letter provides some general guidance. If you or any commissioners have further questions, or would Wee me to review some policy language that you develop, please let me know. VCZY.kdy yours, 9 - Stephen 1. Bubul SJB:Sak 0":03772 "1-4 1 KENNEDY at GRAVEN `\ Ourtwed 200 Souffi R xth Saen, Suis 470 MkmeapaW, MN 55402 (612)537.9500 July 20, 1995 City of Monticello PO Box 1147 Monticello, MN 55362-9245 MN190-00041: Redevelopment - General Invoice # 3570 0-9 Through June 30, 1995 For All Legal Services As Follows: 06/02!95 JPF Research constitutional issues re City TIF 4.30 266.60 ordinance 06/04/95 JPF Research constitutional law issues re ordinance 3.50 217.00 concerning nF 06/05/95 JPF Research constitutional law issues re TIF ordinance 4.00 248.00 06/11/95 SIB Research TIF criteria question 0.50 62.00 Total Services: S 793.60 Attorney Summary Stephen Bubul For All Dishumments As Follows: 05/31/95 Photocopies Total Disbursements: � 1 drw. uMw DSM o11aN p. �=W M dtm or daeaM bp+ppip �0t1`�}andd mm W 11.900 62.00hr 731.60 0.50 § 124.00rar 62.0 1.00 S 1.00 Total Services And Disbursements: %.0 S 794.60 m HOLMES at GRAVEN Chwtend 200 Sada Skil sora, SWu 170 Mhurapoilb, KN 55102 (612)537.9300 lune 15, 1995 City of Monticello PO Box 1147 Monticello, MN 55362-9245 MN 190-00041: Redevelopment -General Invoice # 2672 Through May 31,1495 For All Legal Services As Follows: 05/08/95 SIB Phone cell with O. Koropchak re TIF 0.50 62.00 05/12/95 SIB Phone call with O. Koropchak re TIF legislation 0.30 37.20 status 05/17/95 SIB Phone call with O. Koropchak and L. Kirscht re 0.30 37.20 TIF modifications 05/24/95 SIB Review TIF bill and draft summary 0.40 49.60 05/25/95 SJB Draft Summary of TIF Bill 1.00 124.00 I 05/26/95 SJB Finish TIF Summary 1.00 124.00 05/30/95 SIB Meet with law clerk re TIF policy question 0.30 37.20 1-05/30/95 JPF Research re constitutional limitations of ordinances 1.50 93.00 with local hiring preferences 05/31/95 PF Research constitutional issues re ordinance TIF 7.50 465.00 provision x.30 Total Services: S 1,029.1.0 Attorney Summary Judite P. Fluger 9.000 62.00/hr 559.00 Stephen Bubul 3.90 124.00/hr 471.20 Total Services And Disbursements: ' Idogs y.WWW oruarmlaw tl , occoum. maim at among a ne coi aM mm no or! ashmbwp.e 6i�....� $ 1,029.20 i PUBLIC RESOURCE GROUP, INC. August 23, 1995 Marketing, Development & Finance Specialists Ms. 011ie Koropchalt City of Monticello 250 East Broadway P.O. Box 1147 Montioello, MN 55362 STATEMENT Consulting Services—July 16, 1995 through August 15, 1995 7-18-95 LK—ReviseTFF schedule for Standard Iron, follow-up with 011ie lA0 7-20.95 LPK—Review H -Window financials, prepare report and memo for EDA 1.25 tiCP' 7-21-95 LPX—Repos revisions, follow -tap with 011ie ft �c NET CHARGEABLE HOURS: 2.75 Net Chargeable Hours ® f90/Hour $247.50 TOTAL AMOUNT DUE Ed= CURRErQ OVER 30 OVER 60 OVER 20 $247.50 TERMS: NET DUE UPON RECEIPT, 1.33% PER MONTH SERVICE CHARGE ON PAST DUE ACCOUNTS 4205 Lancaster Lone Nonh ♦ Sune 1100 • Minneapolis, Minnckxa 55441 • (61:15547070 •1012155092:1 Fox r 1 City of Monticello PO Box 1147 Monticello, MN 55362-9245 KENNEDY a GRAVEN dtatvw 200 South Shah Sn K Sia 470 Mnnexmas, MN sm (612) 337-9300 MN190-00042: Standard Iron TIF August 15, 1995 Invoice # 5118 Through July 31. 1995 For All Legal Services As Follows: 07/14/95 SJB Phone call wtih O. Koropchek re Standard Iron 0.25 07/18/95 SJB Review TIF numbers and contract 0.50 Total Services: Attorney Summary Stephen Bubul 0.75@ 124.00/hr Total Services And Disbursements: I dnd ^ undo? P^ L"' 0 1--W Utas ;tburt, cl7.m a 1e.�Raxl is (u01 end coRand W avt of map a Cement S S 31.00 62.00 93.00 93.00 93.00 \ ��1 PUBLIC RESOURCE GROUP, INC. June 30, 1995 Marketing, Detxlopment & Fftwwe Specialists Ms. 011ie Koropchak City of Monticello 250 East Broadway P.O. Box 1147 Monticello, MN 55362 STATEMENT Consulting Services --May 16, 1995 through June 15, 1995 4-30.95 LPK--Information regarding costs of TIF modifications, memo to 011ie M NET CHARGEABLE HOURS: Net Chargeable Hours ® $75/Hour .75 $56.25 TOTAL AMOUNT DUE eta CURRENT OVER 3Q OVER OVER $56.25 TERMS: NET DUE UPON RECEIPT, 1.33% PER MONTH SERVICE CHARGE ON PAST DUE ACCOUNTS 4205 Lancuter lane North Suite 1100 4 Minneapolis, Minnesota 55441 4 (612) 5%7979 4 (612) SSO.9221 Fax f PUBLIC RESOURCE GROUP, INC. June 5, 1995 Marketing, Dewlopment & Finance Spe=hm MS. 011ie Koropc6ak City of Monticello 250 Fast Broadway Y.O. Boa 1147 Monticello. MN 55362 STATEMENT Consulting Services -April 16, 1995 through May 15, 1995 4.2095, LPK-Follow-up with 011ie and Dean Hogland regarding Decorative Services •.75 4-21-95 LPK-Follow-up with 011ie regarding Decorative Servioa follow-up with Moen Leuer (developer prospect) .50 445-95 LPK-Cash flow statement for Decorative Services. facility 1.00 4.27-95 LPK-Loran Brueggeman regarding Decorative Services, fax information and financial information 1.00..' 5-2-93 LPK-Decorative Services follow-up developer contacts .75 5.4-95•: •.f LPK-Follow-up with 011ie. Jennifer Host regarding y Decorative Services, status of Project - NET CHARGEABLE HOURS: .4.73 Net Chargeable Hours ® S75/Hour 5356.25 TOTAL AMOUNT PAST DUE: $356.25 TOTAL•AMOUNT DUEQ CURRENT OVER 9-YELA OVER SQ 5356.25 $356.25 TERMS: NET DUE UPON RECEIPT, 1.33% PER MONTH SERVICE CHARGE ON PAST DUE ACCOUNTS 4205 Lanwater Lane North * Suite 1100 0 Minneapolis, Minnesota 55441 • (612) 5547979 0 (612) 550.9221 Fax KENNEDY 8I GRAVEN Ourtvvd 200 SWM Strm SnK iWn 470 ^1 a Kmwpofb. MN SS402 f J \" (612) 337.9300 r✓ 1995 July 20, City of Monticello PO Box 1147 Monticello. MN 55362-9245 MN190-00048: Senior Housing TIF Invoice0 4954 Through Jvne 30,1095 For All Legal Services As Follows: 06/01/95 SJB Draft Resolution; review PRG TIF proceedings 0.50 62.00 06/02/95 SJB Revise Connect 1.50 186.00 06/04/95 SJB Finish revisions to Contract. Subordination 3.50 434.00 Agreement, and Housing A p,=nt; letter to client 06/06/95 SJB Phone call with 0. Koropchak re contracts 0.50 62.00 06/07/95 SJB Review City TIF resolution; phone call with 0. 0.30 37.20 Koropchak and D. Gustafson 06/07/95 SJB Review City TIF resolution; phone call with 0. 0.30 37.20 Koropchak and D. Gusmfson 06/08/95 SIB City resolution re Development Contract 0.20 24.80 06/14/95 SJB Review contract changes 0.30 37.20 Total Services: f 880.40 Attorney Summary i Stephen Bubul 7.10 124.00/lr 880 40 i For All Disbursements As Follows: 06/04/95 Photocopies 63.00 06/05/95 Messenger Service 37.61 Total Disbursements: S 100.61 I t r v., upfM+M d Total Services And Disbursements: $ 981.01 p� =mum. ftm 0,1f9MWd d Wet �0 totnel MO tlW OYr ae crannnu HOLMES at GRAVEN avu+ed 200 Sw1h Sbmh SUU% & tt 470 Mkw*wokKN SM2 (M) 317.930D June 15, 1995 City of Monticello PO Box 1147 Monticello, IYN 35362-9 1 q MNI : Senior Housing TIF QST N 0 `' Invoice # 2907 Throug,h Stay 3:..995 For All Legal Services As Follows: 05/31/95 SJB Phone call with O. Koropchak and D. Gustafson m 0.60 74.40 TIF modiflcadon Total Services: Attorney Summary $ 74.40 e Stephen Bubul 0.60 Q 124.00/hr 74.40 Total Services And Disbursements: $ 74.40 ' 1odw. uttlw Dinartr of I�w d aft womm. CW" or der"W14 ..,Mot tn0 eortoa tno tMt no GM p hp Oo�n Oetd a►6Y�neq