HRA Agenda 09-14-1995AGENDA
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
SPECIAL MEETING
Thursday, Suptember 14, 1995 - 7:00 p.m.
City Hall
MEMBERS: Chairperson A] Larson, Vice ChaJrpurson Brad Barger,
Everette Ellison, Tum St. Hilaire, and Royer Carlson.
EXECUTIVE DIRECTOR: 011ie Koroprhak
CITY STAFF: Rick Wolfsteller
Jeff O'Neill
GUEST: Jim Harwood, Vector Tool 6 Mfg., Tnc.
1. CALL TO ORDER.
2. CONSIDERATION TO APPROVE THE SEPTEMBER 6, 1945, HRA MINUTES.
3. CONTINUED: PUBLIC HEARTNG FOR THE ACQUISITION ANn
DISPOSITION OF RAW LANDS DF,SCRTBF.n AR LOT 5:
BLOCK .1, OIP AND CONRIDERATTON TO AnOPT THF.
RESOLIITT0N RELATING THERETO.
4. OTHER BUSINESS.
5. AD.TOURNMF.NT.
I
MINUTES
MONTIrEI.I,O HOUSING+ AND REDEVELOPMENT AUTHORITY
Wednesday, Septemher 6, 1995 - 7:00 p.m.
City Hall
MEMBERS PRESENT: Chairperson Al Larson, Vice chairperson Brad
Barger, anti Roger Carson.
MEMBERS ABSENT: Everette Ellison Anil Tum St. Hilaire.
EXECUTIVE DIRECTOR: 011ie XoroprhaL,.
1. CALL_TO ORDER. -
Chairperson Larson called the HRA meeting to order At. 7:05
p.m.
CONSIDERATTON TO APPROVE THE _AUCtiST.2,._1A951 HRA_MINUTES_
RnUer Carlson male a motion to approve the August 2. 1995: NRA
minutes. A] Larson seconded the motion and with nn aclditJnns
or covructlons, the minutes were approved as written.
PUBLIC_HEARTNG FOR THE ArQIIRTTIo_N AND DTSPOSITION OF RAW LANDS
DERCRTRED AS I.OT_5� RI.00X .3, _ OIP AND .CONSIDERATION TO ADOPT
THE RESOLUTION RF.I.ATTNG THERETO.
Chairperson Larson npcned tha pub]Jc hearJnO for tho
aoquisJtinn and disposition of raw lands deserlhrd as Lot 5.
Block 3; OTP. WJth Larson and Carlson to Ant upon this agc•ncla
Item for compliance of the Der:laratJon of Potential ronflir_t
of Tuterost submitted by Barger. nu quorm PRJstc•d.
rhalrperson Larson continued the said public hewring and
adopt Jon of the rc•]atmd rranlutJon to Thursday, Sc•ptt!mhtpr la,
1995, 7:00 p.m. At the city Hall.
Larson and Carlson r•c•vlewPd comments submitted by Attorney
Dana straudmn, the drvelopc!rsl attornay, relating n, t.lre
Prrrrhase and D, vwlofjment contract betwperi thr, HRA and Voctor
Tool 6 Mf.g., Inc. as prepared by HRA Attorney Ruhul. The rwr,
memhers dJd not agrur, to the addJtJon of A provIslon 1.)ar.Jnp
a nap of $1,000.00 for legal fees. r:osts, and exjWt—'!s
Jncurred by the HRA. HRA membors renommvnded Strandmo'H
rummnnts be submitted to Attorney Buhul fot• legal
rg�lu•esentAt l(III with a Iwvl of cortscJuusna..ts for both time• And
simplicity. Larson and Carlson rolt,erated, "The purchAso
prJr.L' of $33;000 for the raw ]and was subioet to a]I legal and
dor.nmunt preparation, closing, ret-11rdIng f..es the
rc•sponsJbJlJty of 11ir, huy„r." Ree mutJon of August 2, 1996.
Pau,• 1
Tho two commiesioners rlid agree to axtend tho dato for
execution of the Purchase and Development Contract to 11:59
p.m.: October 4, 1995.
CONRTDF.RATTON Tn REVIEW FOR FIIRTHRR DIRECTION THE DEVELOPMENT
A_riREEMENT BETWEEN_ THE HRA A_ND LA_R$ON_%METrA-U—RELATING TO -A.-20
FOOT EASEMENT.
Since the post office: access to Locust. Street wag blanked,
Administrator Wolfsteller has heard from tho US Postal Sorvico
In St. Louis. He informed postal servSce of Development
Agreemornt betw;:en the HRA and Larsor,+'Metcalf relating te, the
20 foot easement.
Koropchatr informed mimhers that Brad Larson was faxed a copy
of the Development Agrooment of 1983. with an innor•rect fax
number, the tax was just rerelved today. Brad Larson has not
responded at this point. After a brief discussion, A] Larson
male a motion to take a "wait and see approach." Roger
Carlson secnndod the motion and with r,o further discussion,
the motion passed unanlmorrsly.
5. CONSIDERATION _TO REVIEW FOR FURTHER DIRECTIONTHE COMPARISON
BEN ETWETHE TAX INCREMENT GItARANTEE ANp THE TAX IN(:REMFNT
EC
REIVED RLA
ETING TO CERTAIN TIF DISTRICTS.
HRA momhors reviewed the information provided in tho agenda
supplement and asked why the shortfalls. Although some
irdjvi4n-1 <riatrintt� Ti �nrr•,rt •1•Cir l.y tfnll prix to
decertification through an inr.rease in the eAtlmated market
valuo, tho main reNson for the shortfall is tho rosult of the
redurtlon of the nrefarred classification rates for commercial
and SnduNtria] prnpurty.
With the HRA'-; hclief "a contract is a contract", Al LavNnn
made a motion authorl^,1ng the isauanr.a of an annual tax
tnnroment guarant.oe ahnrtfall notine (t,ot duo and Payable)
with a, rxi,lanatIcin that th,:- HRA will r:nmi,are for rompl IancN
the tr,taI amount of t. x increment runelvcd up..n
decertIfInatJon of the dl Strict acid the tax increment
guarantee. This for TTF Dlstriet Nos. 1-R NSP, 1-9 Tappers,
1-10 Remmelo. and 1-17 Arnplex. Also, Che motion authorl�.od
A s,•rond lutter ha issuud to .Tay Morrell relatlny to thN
$13,003.50 tax incrumunt guarantee shortfwll riue and payable
for dr:nr•rtlfed TTF Dlatrict NnN. 1-1 and 1-4. Rr,g,:r Carlann
[seconded the mntion. A,lrlition"lly, the HRA tabled any TI
guaranteu enforcement duoistans natil Nuch time as accessary.
With no furth„r rlisnnssinn, the mntinn paaaerl unanimnotrly.
Karopchak rapnrt,.d the City Administrator war.; nntlfl4•d lhy the
State Drpartmont of ReVVnUe that the City of Mnntin,•llo'e Tax
Increment Aid Redur.t,lon (HACA Penalty) for 1998 le f31,4RI for
Page 2
HRA MINTiTES
SEPTEMBER 5: 1995
the Arnpinx, SMM: Cu: -,tor. Canopy, and Stinrlard iron TTF
Districts. This amount groater rt,an anticipated. HRA members
requcated Koropchak compare the reported State amount, and the
TIF Penalty projections by PRG.
CONSIDERATION TO REVIEW FOR FURTHER DIRECTIO_N THE TAR_
IIJCRF.MF.NT FINANCF REIMBURSEMENTS OF CERTAIN TIP DISTRTCTS.
In 1995, four TIF Distrints are to rereivc TT reimburuemr,nt in
accordance with the District Redevelopment Contrar.t. They art.,
District Nos. 1-7 NAWCO, 1-11 Martlee, 1-13 Statrdard Iron, and
1-15 Custom Canopy. NAWCO has not completed the doscrihod
site improvements nor submitted evldenre of haymr:nt,
therefore, no reimbursement paymont has heen isi+uod. Martie's
annual payment of approximately $2,500 beginning in 1992 is
past due for a total amount of approximately $7,500. Standard
Iron received the first semi-annual payment in July and Custom
Canopy is scheduled to receive its first annual payment in
Decemher. River Mille and Mlsslssipf:l Shores semi-annual
reimbursement paymonts are due to begin in August of 1998 and
1997, rPsper.tivPly.
Evldr.rrrr: of a July 31, 1995 journal entry transferring
$93,096.:4O from thr TIF Surplus Fund to the City OPneral Fund
u..o !. .', hj [hr r.ity Admin:atrator. The amount
tranafarred was the prinniira] and SnterPat amount Ower] to the
City for Lnts 5 8 6, Block 3, OTP, as of May 1, 1995.
Rrad Barger marle a motion authorizing payment of the
apprnximatr: (7,500 to Russell and Sharnn Martfe as pr•r the
Pxecuted Redevelnlrment Contract. A] Larson sononded the
motion and with no further discussion, the motion passer]
unanimously.
CONSIDF.RATTON TODTSrTIRS _FOR FtiRTHE_R_DTRECTION SUBSTANnAR_D
RE81nFI1TTAL PROPERTTER FOR POSSIBLE REDEVELOPMENT.
HRA mem1w.rs rovlrwnd tha 1445 entlmatcd market valor_ for thu
nlaotr prnporty in the 500 hlnnit of East Broadway and thr
Ratzmarelr props-rty along Wont. County Road 75. Thr: HRA
dianussud these propPrtieLa as primary areat, for (IonPirleration
of I•r341evulopment. As the nlaon proparty is unoccupied 1t,
herr.mBs morc> difficult for the City to enforce as unsafe for
hahitat.
Vornprhak informod memhers of Jahn Kamoretr'o initial inpnlry
with Mr. KAtzmarek relating to his jentential intPruat Of
r.1oc:+tinU to a aitu wIthlrr a towuahlp with similar
Page 3
HRA MINUTES
SEPTEMBER 6, l4g5
surroundings. John ostimated the rn::t to acquire and roloratc
Katzmarek at approxJmately $150,000. Aa a pnrtJora of the
Katzmarek property lies in a Inw area along Otter Creek, the
property Is unsuitable for construrtion and would make an
Ideal park. Tn addition, the HRA memhers felt with the
cleaned -up GJlle property and Mr. Kamerek replotting the West
Prairie Suhdivision for future development of twin domes, a
redevelopment proient wJthJn the area wopld Increase the value
of the prnperties and enhance the neigborhood and community.
HRA members agreed and rer.nmmended Puh]Jcorp Inc. be nontanted
to rnmplete an assessment and feasibility study for potential
redevelopment of the two above saJd areae (Olson and
Katzmarek!Cille!Weat Prairie/others.)
CONSIDERATION TO REVIEW rOMMENTS FROM ATTORNEY SITSUL RELATING
TO THE REQIIFST FOR INFORMATION TO ADD AN_ADDTTTONAT. rRITERIA
TO THE LOCAL TIF POT.ICTF.S .
NRA members revJewed the comments from Attorney Rubel and
rir--gncstr•d Mr. Suhul write the exact words for the nineth
nrJterJa to thr lona] TIF PolJoles. Knropchak r+ummarJzmd
Buhul rommr:nta: The general concept of community involvement
would not nonstJtute an absolute requJrement if the degree of
`— asaaeNamr:nt includes resiclency of the enmpany'a ownrrp and
omliloyers, resJdenry of the rontrar.tnra Jnvr1]verl In the
prnjr-ct, mymhr•rahip to local huatnesa organizations, anal
a1mJ]ar factnra. AddJtJon:..11y, Koropchak report.�rl on Mr.
Buhul'a apologlca for tho Julia- 15 and July 70 hill Ings. An
arljustmrnt will he made and forthoc,mMing.
OTRR.R RU$TNESS_.
al cillo ---HRA members rs.vir•wed other Junc, .luly, and Amluat
W]linga from Kennedy B Ornven and Puth]Jr: Reanul•re Croup,
and authorized iw�ymcnt.
b 1 CPrtJ floats+ of Comp] et lora - Koropnhak Jnfr,rmi.d memhe r6
that Mtnnuanta Business Finance, Tnc, is looking to close
the SRA ln,an with Marquette Rank for the- Fay-MAr projnnt
and requcated a ropy of the nxeruted rortificate of
Cnmpletion. The PrJvatr Redevelopment runtrant hel ween
the NRA and Ron Wait% outlines the completion of tilt:
minJmum imprnvementca whtnh is the nomIllotIOil caf th"
hu11d1ng by D.'nf•mhcr 19g11 or upon taenanr_c of thr
orcupanry permit. The aJtc- Jmprnvemonto (landanaldng ani1
parking) r.nmplr.tod onr_ year from Jsaunnre, of the bullding
permit car April, 1996. Thr city RuJ]ding nffJnJol has
isauvai thr, Onnigwnry Prrmtt with an eatahlislu:d FIO,nno
esnrnw Arrnunt for the non-completorl landror"pD.0 and
Page. 4
1—
HRA MINUTES
SEPTEMBER 6, 1996
parkin,. Based on the issuance of the oncllpancy permit,
A] Larson made a motion authorizing exenution of the
Certificate of Completion for the Ron Muslch projent
known as Fay -Mar Metal Fabricators, Inc. Brad Barger
seconded the motion and with no further discussion, the
motion pasan,d unanimously.
10. ADJOIIRNMPUT.
The RRA meeting adjourned at 8:30 p.m.
011ie_ Koropchak, Executive Director
PagP A
RRA AGENDA
SEPTEMBER 14, 1995
3. Cont ipued - Puh]ic Hear Ing for the a,:quisitIon and AlGpositinn
of raw lands ,iesr.ribvl an Lpt 5, Block 3: OTP, and
nr3naiderat_ton _to adnp� the re:aolution_relat.ing thereto.
As a reminder to HRA members, rommissioner Barger will not
take part in any action or diRcussion rotating to this prnjr-r:t
as stated in the accepted Declaration of Pote-ntial ronflirt of
Intern Eat .
A. Reference and Backgrnund:
..:., - MLIC IrMTI O
HRA Chairperson Larson opened the public. hearing rolating to
the acyriisition and disposition tit Lot 5, Block. 3, OTP, nn
September 6, 2995. With only two HRA commis:-fonirs .in
attendance to ronnider and act upon adoption of the related
reRolution, tho publin hearing and adoption of thn resolution
rolating thereto was continued to Suptemher 14, 1995, 7:00
p.m., a special meeting of the HRA.
On August 2, 1995, HRA memhers and Mr. James C. Harwood of
vector Too] A Manufacturing made adjustments and aUroFd to the
first draft, of the Purrha9n and Development Contract hutweRn
the HRA and Vector Too] k Manufacturing. The Intrchase print
of the 6.4 acres of heavy industrial lands (i-2) as determined
by tho HRA was $33,000, Vector Too] rusponsihle for all legal
and closing roots. The e,atimated market value aurend at
$96,000 with a ]and -write down of $63,000. The proposecl land
writ.o-down is haraod rn Vertnr Tool ,'3mploy1nU 30 full-t.ime
personnel within two years at an avorage weighted wage/lia—m•fit
of $12.n0 per hour and ronat.rnrtIng a 15,000 oq ft
uffico/manufanturing facility. The HRA approved a m„tinn
arrepting tho ayrr_nd upon terms and conditions of the Purchauu
:and Development Contract and rallnd far a public he:aring date
of September R, 1995, for the an,ptiRition and dlapoRltion of
raw lan,ls.
nn Sapt,vmher 6, the HRA extendod the date for ax4�nuttnn of (he
Purrhasn and neve+lnpmeut Crmtrar.t to 11 :59 p.m. , O,:tul,er 4,
1995.
The pub IJc hoar inu noting appeared In tho Monticello Timn,a nn
August 24 and 31, 1995, moetIng the hearing natIry
rngnir,:montR au sot by the MinneRota Statutory.
Site blanc; are h4.1nu revi„wod by thr, City Enutnnvr, huildlnU
pl.urs will hR submittod soon in the City Ruilding Offinial,
Pau* 1
HRA AGENnA
SFTTEMRER 14, 1995
111minary term; .-and conditdons of the lending institu::ion
were submitted to the partners, the partners have 4ubmlttcd
loan application for $50,000 to the Central Minnesota
Initiative Fund. and the Monticello EDA will consider approval
of a $50:000 GMEF real estate, loan on SeptP.mher 13, 1995. Yet
to In? resolved is the propnsed buyout of ono of threes partner:
of Vector Tool.
upon hearing comments from the general public, Lite HRA
Chairperson shall close thr public hearing and call for a
motion to adopt the rcRolution authorizing the acquisition and
disposition of the raw lands.
ADOPTION OF TRE RESOLO'TION
Prior to the adopting the resolution, I recommend tho HRA
review the Monticello TIP Pollciee for r_omp.11anrr. This to he
consistent with other HRA projects; although: this JN nut a
TIF projor.t, the HRA is still writing down the land rust.
R. Alternative Actions:
I. A motion to adopt Resolution No. 95-7 authorimittu the
ac,Inlsitiun and disposition of raw lands d._scrthed as Got
5, Block 3, 0IP to Jamos C. Harwood and Rrtidlry n.
Rarger, dha Vector Tool A Mfg., Inr..
2. A motion to deny adoption of R,•snlution Nn. 95-7.
3. A mot Inn to t.abl o, any action.
C. Ronommrnrlatinn:
Staff suppnrto tbp HRA e,ffortn in attracting :, ,Inr,lfty
m.tnufar.turinu business; however, cautions the HRA to he '.ball
of its rationales for the eat.ahlinhed purchase_ price.
n. Supporting nates:
R,i,toluttnn for adoption, puhl lc hearing nntine, Munrir..,llo TIP
Policlns, and comh..trlraon of nffnrn.
Y Patin 2
I
HRA RESnUITTON Nn. 1.9-7
A RESOLTITTON BY THE HO118TNC AND REDEVELOPMENT AUTHORITY
T11 AND FOR THE rTTY OF MnNTIrET..l•n, MINNESOTA.
ATITHORIZINC THE ACQt1TSTTTON AND DTSPOSTTTnN OF RAW LANDS
nESCRISED AS
LnT 6, BLOrK 3, OTP
WHEREAS, both tho Housing And RPdev:>lopment. Authority L. And for
the city of MontLnello (thy "Authority") and .Tam,,:s C. Harwood and
Bradley D. SArger, a general partnership.- tthn "Rodevclopors"1
Agree to the terms of the Purchase and Dr•velttpment rnntrar.r hetwt•en
the HousLng and Redevelopment Authoriry Jr; arid for the rity rf
Monticello and .Tamer C. Harwood and Bradley D. Bargr;r, And all the
ronvenants therein.- anti
WHEREAS, the Housing and Redevelopment Authority in and fur the
rity of MOntirPllo declares the said raw lands for arquJa.Atinn and
disposition lies within the Modified Central Mont. icello
Redevelopment Plan of Redevelopment Prnjnrt No. 1; arid
WHEREAS, the Housing and Redevelopment Authority in and for the
City of Montirsllo owns the said raw lanriri and the partlrs agrcr to
an estimated market value of $116,000 for the 3Aid raw landss; and
WHEREAS, the- Housing and Redevelopment Authority to anrd for the
City of Monticello declares proper nottct: appeared in the
Monticello Times rolating to the puhlir. hrarinD holy) Srptembrr 6,
1996, for the acqulsitton and disposition of the sAid raw Iandu;
and
WHEREAS, the Huustng and Redevelopment Authority in and for the
rity of Monticello continued the puhlir. hearing of Soptrembt-r F to
Sept.emher 14, 1998, for the anquisitinn anti disposition of the said
raw lanla; arid
WHPREAS. the Housing and Redevelopment Authority In and for rho
City of Monticolln and James C. Harwood .:nd SrAdlr.y D. SArgrr agree
to r;onutrut, t upon tho e.ild raw lapis a IS -nnn A41 ft off1-.- ant]
mAnufacturirrg facility for Var.tor Tool and Mfg_ Tor.. creating 30
full-time jnl»+ within two years at an average wNighrcd wagclhrn•fit
of $12.On por hour; and
WHP,RP,AS, the Housing Anil Reth:velopment Authnrlry to and for the
City of Monticello and tho RatlevelnitHr arjrvP to a purr.hASN hrine of
Thirty-three Thousand nollars and No Conte ($33.000) fur tho:
arrptit+mon and dtupnslrion of the raw lands descrllwd As:
Lot A. Blnrk 3, Oakwood TnrluatriAl Park,
City of Montinello, County of Wrlght, Statr of M1ntu?:.otA
HRA RESOLUTION NO. 95-7
Pogo 2
1N
NOW: THEREFORE, BE IT RESOLVEQ by the yi:vrrninuj hndy of thee Ht,,:sirg
and Redovelopment Authcsrity in and for the City of Mont in"]Io findf+
r.he redevelopment to he in the public: interest hrnauue:
1. It 1s cnnaist2nt with the City of Mon tIroelln
Comprehensive Plan; and
2. It will diecourege commerce, industry: or m:anufacturinU
from moving their operations to another state; and
3. It will result in increased amp] oyment in the
municipality; and
4. It will result in preservation and enhancement of the tax
base of tho munir.ipality.
The Housing and Redevelopment Authority in and for the City of
Monticello, Minnesota, dons hereby authorize the disposition of
described raw lands to James O. Harwood and Bradley D. Barger
subject to compliance, of the Purchasr and Devalopment Conrrar.t
dated 1 98.
D
Adnptwd by the Monticelln Housing and Radevolnpmont Authority rhis
a day of September, 1998.
ATTEST:
HRA ExoctutivP DirHctor
f
l
HRA Chai rlioreon
FOR BIDS
housing resolulfon The ggleral functional descrlpilon Of the type;," use of eAch
O
.ill be IaCerved by the Monticello Big Lake
fmIlry, me developer wfbch Currently owns Rte facility, and ds location we as arrows '
3 ,,,bar. SChwientek, Monhcello.B,q Lake
Daoalopmerd Deaerlptlorl-Hillside Tani tie family townhousaa
•5352. until 12' 15 o m Central DaVi hTime,
Outstanding Martgpa Bel ffec"I, 40,004
ved atter this date nrfd time will be reqtuned
Osenwr/Oaneral Partnehar'^'llede Properllaa, Cyril Relned, gene partner
II is peered and Notice �s
Inef the date and hour listed above for the
ofto the Board Directors for
DenisLecatton-207 Laur rig Lana, Monticello
The maalmum aggregate lace amount of bonds to be Issued with regard to each
a m , a hearing will be held in
of angry
f b0af0 within 70 days
'
of the above davelopmsntf win be me wopaeonata mete leen outstMhdI art.
gage balance repre.ents of me total mortgage
Buffalo, MlnneScla. far, me for -
Will of the Decadent. dated F•
nail Monticello Blgg Lake COmmunllY'/
'ark.
Outstandfrq balance notal pl morn
gaged epprong $35 152.275) as a lege of 1M new OprhOs to Oe rosuee
ge0ecce E Oslurb, wnase a
.nO-B�g Lake Community Hospdal,
on a. .er August 10. 1995
Parties writhing toe the were
comment on me proposed frharhpng may appear in person at the
MI
55320 as Personal Represent.
VISEadministration Any or
rso 1.1 band reserves the right to elect any
nea^^g or may suit
may s carmen comments to the undersigned prior to me hearing
qplor t0 Or at the hearing 11
,qulanbes in the blatlmq
-Kathenna G Hadley, Commissioner
henresentalna unit he nnr.n�..,
ia0 of Ur eclors
� 27 '
the power 10 collect all assets
Notke of Public Hearing
W: real And Personal propem
Notices also given that Ise
HOUSING AND REDEVELOPMENT AUTHORITY
oleins against the Estate a -
t e
NO. 273
CITY OF MONTICELLO--COUNTY OF WRIGHT
Representative the Cour
.O, MINNESOTA, DOES HEREBY ORDAIN
N s (C), OF THE MONTICELLO CIT/ ORDIS
STATE
STATE OF MINNESOTA
NOTICE IS HEREBY GIVEN teal tna Hwfrrq ane ReOevefopmem Aupwnty (line
^�Yo, Canty YNIgnI, Stall Mhmesote.
Notice Or the clams will be bar -
5 OC OPERATION FOR LIQUOR LICENSE
of .ntl add
�w W�'n� ay, Sept 8, 1995, al approsanet 7 00
Dated Aug 17, 1995
ED TO READ AS FOLLOWS:
p,m , at the GM
Han. Morelcetlo, Minnesota. relanrW IO the Proposed acquisition and disposition of
Attorney for personal Repress,
he, provided mal no mic,hcating liquor may
ray lands located within the Moddled Central Mwbce'lo Redeveldpment Plan far
Redevelopme t Project No 1
Paul w Stell
i rectly at indirectly. e.cepl between me
�d OneO'clock (1 00) a m Monday, and than
The raw lards proposed for Acquisition and disposition are described as fos' llow
HALL a BYERS. P A
IO10 w St German. Style 50.
ood to persons who are sealed a1 tables
LCDOLIMaFdlggg0
Lot 5. Block 7, Oakwood InWlsblal Park, City of Monticello.
St Cloud. MN 58701
1612) 2524414
Ili day of Auqust. 1995
County of Il iL Stale of Mlnnesola
ia, IBI2) 252 4482
-Brad Fye. Mayor
-40U Koropchak, HRA E.ecubve rector
Affprney Ucense No 104814
star
(Akp. 24 8 71. 1985)
(Aug 24 A 71. 1995)
' ` '� �•'
MENDMENT NO. 274
.O, MINNESOTA, DOES HEREBY ORDA01
ION 1, PERTAINING TO PENALTIES FOR
'\ "'« --l...w•+++
OLATIONS. BE AMENDED TO READ AS
OF who is found to haven ode M
- _ _ . C- -'—
malt, wdh any wovislon of Rws ordinance rand
•
...._'
ri
site .Sued hereunder shag be fined trot fan
,•
, ��
�•.-
ho more than Five Thousand DOOMS (115.00111)—
be
--:_a __ �c
a wolatlon snarl occur or Continue shag
hewn,
-. _ ., i ,�
'
— ---- ----
• In addition to the penalties provided
,ey'■ foes, Coun Costs, court falconers' to
the found to
1.
—rte - - -
You're always c!
pprOPnalo action against person
oder, regulations. and permits issued•--
- _ I .+•
:� �I-•
. .. _.
A LETTER
aOMhothe Cowl penalties wooded for n
ronuons m of tris. ordinance a who has a ms•
� ��
If you're leaving Minnes
ucuon. damage, w other lmparmenl 10 the
We'll list kale in Ic
City Int n nv e,Peme
.II become 4nbln the e Cl
D You D
in or discharge The Duector -v add to the
back home. A Lefler Fro
0...a to, any tearing, repay. monlonn el
tamed by the violation or decnmgn Arty
-'; ;� '
�, "� .� :{,•"�i, y��'
dealing lust With what y�
Const duln n violation of Inv. mmnanco
lh day OI Au us1, 1991
y g
•� 1 ''>•Q' '�`
+: ^`,"�•' ,y,s ,�- ,
�. - 7 �•
well-informed Great till;
-Brad r
mo. We Mayor
.,.�
= --� • .�'( \'•�'
1.
A L1Mer From Mleumota.
y
PUBLIC NEARING
\�+, •'"
-Pr 1
nouna a will be held by the City of Monticello,Y—
nl 1 p m , In the Monticello City Hall to [on
} i� I- -'• —�L�
�i
STATE FAIR
)r a conditional use permit allowing a
—e•6r i h• '� moi`
NNN
npmnnt in a R.Puo tans LOcnuon
_)
To
Inc
�_-!-L
The Wa" 12SIh Anniver
,f PrehmnAry vial apwovnl at inn via
:.�., _ --' --
Free Rea
nbon Oullot A. Klein Firms
•�.'(
' Inc
Mernberst,
I a octan lush and driveway condlboOal
• FrGe recti
nets tura fAQUnemenl In In. area of
• Over 100,000'e
Location Lot S. Block 7. Oakwood
'
av
For fur
"opted on above subjects and An posarre
-
IndepondOnl
//rnrcu '11Z heard At tri. mooringnmm�
Telephone
will he suhlntl to the approval Or
•• "any, sop, t1 1095 mlpm, el
n• v
TENTATIVE AGENDA FOR THE REGULAR %�
MEETING OF THE MONTICELLO CITY COUNCIL I rA" 'A AA
HOUSING AND REDEVELOPMENT AUTHORITY
City of Monticello
TAX 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 Cons ideratlana: The HRA will analyze and evaluate Tax
Increment Financing proposals based upon the following policy
considerations. Each project shall be measured against these
considerations and the project's value shall be determined, based
upon meeting these considerations.
1. The project shall be consistent with the City's Comprehensive
Plan.
2. The project shall demonstrate long-term economic and/or
housing benefits to the community.
3. The project shall create and/or retain employment for
Monticello residonts.
1. The project shall increase moderate priced housing options for
area residents.
8. 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 desired
"spin-off" development.
4
1
Lot 5, Block
3, OIP
HRA Mptlotj
HRA Motion.
April 5: 1995
August 2, 1995
EMV $96,000
EMV $96,000
Purchase Price $60,000
Purchase Price $33.000
Write-down $36,000
Wr1te-dawn $63,000
(+$27,000)
15,000 sq ft metal office!
15,000 eq ft motal
manufacturing facility
office/manufant.urtnU
facility
Tonant
Ownership
Existing Munticello
One partner existing
businoss
Montincillo businesb
Annual payroll, $632,320
Annual payroll, $74a,a00
38 X 2080 0 79,040 hours
30 X 2080 - 62,400 hours
X $8.00 over 2 years
X $12.00 over 2 years
(+$116,450 annually)
Orowing, hard working company
Orowing, hard working
company
41