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HRA Agenda 12-07-1994MINUTES MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY Wednesday, November 9, 1994 - 7:00 p.m. City Hall MEMBERS PRESENT: Chairperson Al Larson, Vice Chairperson Ser, Smith, Everette Ellison, acrd Brad Barger. MEMBERS ABSENT: Tom St. Hilaire. STAFF PRESENT: 011ie Koropchak. STAFF ABSENT: Rick Wolfsteller and Jeff O'Neill. GUEST: Bob Murray, Residential Development, Inc. CALL TO ORDER. Chairperson Larson called the HRA meeting to order at 7:00 p. M. 2. CONSIDERATION TO APPROVE THE OCTOBER S. 1994 HRA MINUTES. Ben Smith made a motion to approve the October 5, 1994 HRA minutes. Brad Barger second the motion and with no corractioris or additions, the minutes were approved as written. 3. CONSIDERATION TO ADOPT A RESOLUTION MODIFYING THE REDEVELOPMENT PROJECT PLAN AND BOUNDARIES FOR REDEVELOPMENT PROJECT NO, 1, MODIFYING THE TIP PLANS FOR TIF DISTRICT NOS. 1-1 THROUGH 1-17, AND APPROVAL OF TIF PLAN FOR TIF DISTRICT NO. 1-18. Bob Murray, Residential Development, Inc., explalned to HRA members that City Council tabled the approval of the annexation because Joe Abbott withdrew his application for annexation into the City. The Council and Reduvuloper roBuusted additional time to review the application. Joe Abbott withdrew his annexation applicatlon because of the potential for no direct access off County Road 75 with the creation of a media (no left -in & out). This control being very remote with tare potential of a full I-94 Interchange at County Road 118. In further eonvereationo with Mr. Abbott, he offered to sell the Hawk's Bar property for $500,000 (no negotiating) to Residential Development, Inc. The Murray's are not interested as they can proceed without the Abbott property. Koropchak reviewed the plan fur TIF District No. 1-18. highlighting the budget of $102,000 for Solls Correction and Page 1 HRA MINUTES NOVEMBER 9, 1994 $11,333 for Administrative Costa. It is anticipated that the District will be de -certified in 1999. Additionally, the resolution for adoption modifies and enlarges of the Redevelopment Project No. 1 Boundaries to include the proposed District No. 1-18 parcels subject to annexation approval by the Municipal Board. Lastly, the resolution modifies the plan for TIF District No. 1-9 and all other plans of existing districts. The budget of TIF District No. 1-9 is proposed to increase by $30,000 for Site Improvements and $2,000 for Administrative Costs. The proposed 18,000 sq ft manufacturing expansion will generate sufficient tax increment to cover the HRA debt and add 15 new jobs to the community. Ben Smith made a motion to adopt the enclosed resolution; however, Chairperson Larson requested separate motions be made for approval of the plan for TIF District No. 1-18 and for the modification of the plan for TIF District No. 1-9. Ben Smith made a motion to amend his first motion and to adopt a resolution modifying the plan for the Redevelopment Project No. 1, modifying the plans for TIF District Nos. 1-1 through 1-17, and approving establishment of TIF District No. 1-18 and Its plan. The motion was seconded by Everette Ellison and with no further discussion, the motion passed 3-1. Yeas: Ben Smith, Everette Ellison, and Brad Barger. Hay: Al Larson. Ben Smith made a motion to adopt a resolution modifying the plan for the Redevelopment Project No. 1, modifying the plans for TIF District Nos. 1-1 through 1-18, specifically the plar, for TIF District No. 1-9. Brad Barger seconded the motion and with r,o further discussion, the motion passed unanimously. Mr. Murray Informed commissioners that entry-level advertisement for twin -homes in Hastings was $79,900 with the average twin -home selling at $93,000. Single -homes ranged between $115,000 and $120,000. Mr. Murray said tuning of the project may be changed because of the delay in the annexation process, Chairperson Larson thanked Mr. Murray for attending the HRA meeting. CONSLDEPATION TQ REyI.9W TRE FIRST DRAFT Of THE @RiVATE. REDEY13kOP14ENT j;ONTRACT BETWEEN THE HRA AND RESIDENTIAL DEVELOPMENT, INC. Koropehek highlighted tho first draft of the Private Redevelopment Contract and noted the prepared note to be sold by the HRA to the Redeveloper at a proposed 8.5% interest Pago 2 NRA MINUTES NOVEMBER 9, 1994 rate. It was the HRA's understanding or Intent that the use of TIF to assist with the reclamation of the mined gravel pit was an amount not -to -exceed $102,000 flat, no interest nor Net Present Value. The HRA members recommended the Tax Increment Revenue Note with interest be deleted from the Contract and to insert that the Redeveloper assume the responsibility of the HRA Administrative expenses. CONSIDERATION TO REVIEW AND TO APPROVE THE PRELIMINARY CONCEPT FOR USE OF TIF (HOUSING DISTRICT) FOR THE CONGREGATE SENIOR HOUSING PROJECT. The HRA members reviewed the proposed senior housing project with the TIF Policies and determined four of the four criteria were satisfied. Additionally, they determined the proposed market -rate congregate facility was consistent with the results of the HRA Senior Housing Study as prepared by Health Planning & Management Resources, Inc. (HP&MR); therebye, the project supports one of the HRA objectives. They determined the proposed project satisfied the "but for" tent, and felt the proposed project would qualify to meet the requirements of a Housing District. Al Larson made a motion to approve the preliminary concept for use of TIF to assist with the financing of the senior housing project. The motion was seconded by Brad Barger and with no further discuselon, the motion passed unanimuuoly. Members requested Koropchak prepare a written informational update informing City Council of the HRA's preliminary concept approval for use of TIF to assist with financing of the senior housing project. Koropchak Informed members that Dan Lindl, Presbyterian Homes; Lenny Kirscht, Public Resource Group, Inc. (PRO); Steve Bubul, Holmes & Graven; and Koropchak scheduled a meeting for Friday, November 18, 1994, 10:00 a.m. at the office of PRG to discuss the TIF project and process. Al Larson expressed lutereot in attending and requested Koropchak invite Barb Schwlentek to the scheduled meeting. CONSIDERATION TO REVIEW AND TO AUTHORIZE REIMBURSEMENT OF HRA COSTS ASSOCIATED WITH THE SENIOR HOUSING MARKET STUDY. A total of $8,600 was disbursed from the HRA General Fund to pay for Phase I of the Senior Housing Market Study prepared by HP&MR for the HRA. Brad Burger made a motion authorizing the $8,600 HRA expenditure be recovered es an Administrative Cost within the proposed TIF Plan for proposed TIF Dlstrlct No. 1- 19, a Houoing Dlutrlct. Al Larson second the motion and without further discusaion, the motion passed unanimously. Page 3 HRA MINUTES NOVEMBER 9, 1994 7. CONSIDERATION OF BILLS FROM PRG AND HOLMES & GRAVEN. HRA members OK'd payment of the October PRG and Holmes & Graven bills. 8. CONSIDERATION OF OTHER BUSINESS. Koropchak updated members of new industrial prospects, noted the letter from the H -Window regarding their plans to complete the site improvements by June 15, 1995, and noted the Invitation to Mr. Birkeland, O'Neill, and Anderson for attendance at the November HRA meeting. Mr. O'Neill had to cancel. HRA members requested Koropchak compile a list of business names with expertise slmiliar to PRG for review and potential interview. 9. ADJOURNMENT. The HRA meeting adjourned at 9:00 p.m. 1 d 01 011ie Koropchak, HRA Executive Director %. Page 4 HRA AGENDA DECEMBER 7, 1994 3. Consideration to discuss the Letter received from Stephen Birkeland, Jr. and reconsideration of the Pav-As-You-Gu TIF Assistance. A. Reference and Background: DISCUSSION OF LETTER AND RESPONSE. Enclosed you will find the letter received from Mr. Birkeland, Jr. and Jeff O'Neill's response. At the October HRA meeting, the general agreement among HRA members was to invite all three individuals: Mr. Birkeland, Jr., Jeff O'Neill, and Gary Anderson to discuss the contents of the letters. Mr. O'Neill was unable to attend the November meeting; therefore, the item did not appear on the November agenda. Once again all three individuals were contacted and it appears convenience for all to attend. RECONSIDERATION OF THE TIF ASSISTANCE. The Private Redevelopment Contract of April 12, 1993, utdlcb construction of the minimum improvements will be completed by Decumber 31, 1993 and upon the issuance of the Occupdnuy Permit by the City Official will the Certificate of Completion be issued. Minimum improvements must comply with the City Ordinances. November 9, 1993 - Letter reminding Mr. Birkeland of the terms and conditions of the Private Redevelopment Contract. December 20, 1993 - Letter to tour Custom Canopy. January 19, 1994 - Tour cancelled, Mr. Birkeland out-of-tuwn. February 14, 1994 - Toured Cuutom Canopy. March 2, 1994 - HRA approved and extunded cumpletiun dale fur the non-•acreaned fanee and gate area Lu July 1, 1994 b cause of inconsistent ordinance information received by the developer from staff and because the City lids issue a temporary Occupancy Permit. March 8, 1994 - Letter to Mr. Birkeland advising of HRA's decision. August 15, 1994 - Lotter to Mr. Birkeland advlolrng default of the Private Redevulopmunt Contract; therufore, no ruclpt of TIF assistance. IN. Page 1 HRA AGENDA DECEMBER 7, 1994 September 13, 1994 - Mr. Birkeland's letter to HRA Chairperson Larson. September 16, 1994 - Mr. O'Neill's response to Mr. Birkeland's letter. October 5, 1994 - HRA agreed to invite Mr. Birkeland, O'Neill, and Anderson to the November HRA meeting. November 9, 1994 - Mr. O'Neill unable to attend. December 7, 1994 - Discussion of letters and reconsideration of TIF Assistance. As of December 5, 1994, the non -screened fencing area has nut been completed and the City has not iuuued a permanent Occupancy Permit. B. Alternative Action: 1. A motion to reaffirm the default of the Private Redevelopment Contract and to deny the TIF assistance based on non-compliance of the City's Screening Ordinance and therefore default of the completion date for the minimum Smpruvemuntu, December 31, 1993, and extended date, July 1, 1994, as per the Private Redevelopment Contract. 2. A motion to reconsider Issuance of the Certificate of Completion upon the City's isauancu of the permanent Occupancy Permit only if the permanent Occupancy Permit is Issued prior to the first scheduled date of the TIF payment, December 31, 1995. 3. A motion to roconsidur and appruvo TIF payment baoud on tale HRA findings that Custom Canopy's minimum Improvementu are complete and meet the upirit of the Pr.ivatu Development Cuntract. C. Recummr.ndatiun: It Ju clearly the HRA's call; howover, if Action 91 Is taken Attorney Bubul advlsuu a second notltu of default be iasuud by certifled mall as the HRA could become subjoct to a IawuUlt. Under Actiun 02, I'd uuggeut tho City Ilut condltlunu necesuavy for isuuance of the permanent Occupancy Permit. ` Page 2 �% HRA AGENDA DECEMBER 7, 1994 Supporting Data: Copy of Mr. Birkeland and O'Neill's letter and copy of the temporary Occupancy Permit. Page 3 f, CUSTOM CANOPY z,aDundnFtd Mardloeft, TOW000141(1166813D Fa 14MD6"13D September 13, 1994 City of Monticello Housmg and Redevelopment Authority 250 East Broadway PO Boa 1147 Monticello, MN 55362 1 was extremely disappointed with the HRA decision to deny Custom Canopy the TIF payments to which we aro entitled. The purpose of this letter is to review what has transpired with our project to date and to try to prevail upon you to reconsider your decision. It seems the main problem is the 60 ft of fencing that is not completed and never was to be completed due to the fact that we will be putting up another building. We were not issued a building permit until June 15, 1994, so in reality there was no possibility to be completed by July 1, 1994. Butler Buildings has a 10-15 weer lead time and the building is scheduled to be completed by mid-October. I ask you to reconsider your decision to deny our TIF payments. I am loathe to write to write lengthy letters but when such a large amount of money and fiituro good will is involved, I feel I must. Please bear with me as 1 review my point of view, a position neither you nor many of the other members maybe aware of. 1 have waited almost a month to write to you, after talking to my bankers and attomeys, in order to "cool down'. 1 do feel, however, that I have been treated unfairly, and prevail upon you to be just. Our project was designed to have a U-shaped driveway. This would have enabled us to utilize our entire building by being able to drive [nucha through both sides, to unload with a forklift. As we started the project we were infomted that city code required that driveways had to have 125 ft of separation, therefore we would only be allowed (1) 20 ft. driveway. The architect firm redesigned the parking area with a radius that would supposedly still allow us to drive through both sides of the building. This was the first of many added expenses 1 incurred. Immediately after occupancy of the building it became clear we would not be able to get a truck through the east We of the building. This resulted in our being forced to afore vehicles and steel outside. 1 remember Gary Anderson came over and we talked about the driveways. He has a CDL license and has driven trucks, he knew right away that it was impossible for trucks to get into the east side of the building. He suggested I go before the city council for a variance to put in the driveway that was on the original plans. The variance was denied upon review. He then put us on the agenda for November of 1993. Before the meeting Jeff O'Neill came out and said that with the steel being stored outside we would need a fence down Fallon Ave. I wasn't crazy about the idea but agreed in order to ger the second driveway. As our conversation went on Jeff asked if maybe we would go part way down the northside of the property, so that people turning onto Fallon would not be able to see into our yard. I agreed and thought we were set for the planning Oleg• By this time I was resigned to putting up some fencing and excavating and filling with crushed concrete the area behind our building, this was another cost increase. When the planning meeting started, one of the members asked the question why the city would want 125 ft of spacing between driveways and why there was a 24 R. maxis um. One of the other members said that they were changing that because of the H -Windows and Standard Iron projects and that many of the other driveways were wider than 24 ft. and closer than 125 ft. Gary Anderson then said that actually he had researched the ordinance and that an owner was allowed (1) driveway for every 125 ft of road ftromage. In other words my original plans where in compliance, I could put another driveway anywhere 1 wanted. Actually I was within 10 ft of being able to put in (3) driveways. Needless to say I was stunned. Here i was trying to get a variance to pun in the original site plan, which had been denied rendering half of my building useless, when I didn't need a variance nor should my original plan been denied. As 1 stated 1 was stunted, as a direct result of that decision I had already spent over $30,000 extra. Now 1 was looking at another 55,000 to cut in another driveway, or 55,000 for fencing. Next Jeff O Neill comes up with his fencing plan. It was not at all what we had discussed previously. He now had a 6 ft high fence going around the entire property, over twice as much fencing and over a foot higher. This was approved by the committee. We're now into November of 1993, fall being my busiest pan of the year and I have to shop for fencing while most fencers had closed down for the season. None of them could imagine a 6 ft fence with screening, the wind loads would be too great, Done would even guarantee such a fence. I then called Gary Anderson to explain my problem he told me that he had done more research and that actually by ordinance I was not allowed to build a 6 ft high fence. Anything over 6 ft requited a variance and engineered drawing. 1 would have to go to another meeting for a variance or get the city council to change the planning comtnissions recommendation to conform to the ordinance and allow for a 5 ft high fence. 1 went to the council meeting and they approved exactly what I had put up, a 5 R fence around my property, to the pour the additional building would be, with no gates installed. However, with the additional fencing 1 would be required to add additional trees and shrubs, another expense. Around ThanksgMig, ie 0 degree temperature and partially frozen ground, our force is put in and the trees are planted. This was done at considerable expense due to the cold conditions. In the spring the HRA comes out and tells me I now need to put a gate in the fencing. The city council had Willy told me that a gate was not a requirement. By now I am quite weary of all the constant changes in requirements. My busing has almost tripled since I first planned to move to Monticello. I just wanted to do my work, make everyone happy and be left alone. When the grand thawed out, the femms company came back and removed the poles and concrete they had installed that past fall. They repoured the concrete and installed larger poles to support the installation of a gate, that was now required. Everything was completed accept the last 60 ft of fencing, which would neva be dome because we were putting a building them. I waited for my building permit, about luxe 10, 1994, I wan to see Gary Anderson wondering where my permit was. He said he had been crazy busy and would get to it. On June I Sth 1 got the permit and immediately poured the slab for the now building. I then called the contractor and was informed that with all the problems with the veriance/non- O vwiav= issues, he had not ordered the building and that it would be 10-1 S weeks. This would put us in late September or early October, which is where I am at today. I fed that in Neu of all that has gone on, you should reconsider your decision. I fed that since the building permit was not issued until mid -lune, it is mot reasonable to expect a July 1 at completion. I also fed that dace the slab for the building is poured and the building ordered, it was not reasonable to expect 60 R of fencing to be erected. 1 believe that the time for completion should be extended uuW November or December. Even if we are not entitled to this years TIF payment, I believe that once in compliance we should receive all our TIF payments starting in 1995. Thank you for tatting the time to listen. I would like to meet ecce to discuss this matter with you but though a would be more productive to let you know my thoughts and giro you time to cmWder the matter first, before we mat. Sincerely. Stephen P Birkdand, Jr SPBrNb a: 011ie Koropehak HRA Executive Director Gary Anderson. Building Official 250 East Broadway P. O. Box 1147 Monticello, MN 55362.9245 MEMO Phone: (612) 295.2711 Metro: (612) 333.5739 Fax: (612) 295-4404 TO: 011ie Koropchak, Economic Development Director, HRA members FROM: Jeff ONeill, Assistant Adminiatrator�) .'u) DATE: September 16, 1994 �W- RE: Letter from Steve Birkeland I have reviewed the letter from Steve Birkeland to Al Larson regarding development issues associated with Custom Canopy. In his letter, Birkeland points to the City as the cause of delays in completion of required site improvements. This is to let you know that at your request, I would be very happy to make a complete response to each item Birkeland has noted. I can't help but make a partial response to his letter, so here it is. 1. During the initial site planning process, Custom Canopy officials were asked if there would be any outside storage on site. Custom Canopy said no, all materials would be stored inside. Surprise, once the facility was occupied, the required parking area in the rear along with the yard area became a storage and work yard area which, without a conditional use permit, is in violation of the ordinance. It was after this practice of storing material outside began that the City required that Custom Canopy obtain a conditional use permit. The Planning Commission and City Council required screening of stored materials in compliance with the ordinance. If Custom Canopy had informed City staff about the outside storage during the site planning process, they would have found out about the CUP/screening fence requirement and avoided the "surprise." 2. The initial landscaping plan and associated tree planting requirement was based on the initial site plan presented to City staff, which did not include an area for outside storage. Once the true developed area was defined, including the outside Memo 011ie Koropchak and HRA September 16, 1994 Page 2 storage area, the tree requirement was adjusted accordingly. Again, custom canopy would have avoided the tree planting surprise if staff had been provided accurate site plan data in the first place. With regard to the gate, it is the view of staff that it is correct to require installation of a screened gate. The ordinance requires that outside storage be screened Brom the public right-of-way. Without installation of a screened gate, the material inside the storage area can easily be seen &am Fallon Avenue. If you would like me to provide a more detailed response and associated paper trail, please let me know. cc: Gary Anderson, Building OTIcial Rick Wolfsteller, City Administrator TEMPORARY Qkiniifiratr of 0rrit4aturij CRitJ lif MONTICELLO P1,1111rUnrttt cif Uldlibilig 311104lerfililt Ibis Ca•ti f iratt imited pursttaut to the requireme lli of Seetiou 306 of 1/m Uniform Building Code euti f ying that at the time of utaance this structure was in compliance with the eariot! 1 ordinam-ei of the Cit regulating buildiu comtructiou or use. fortbe ollomin 7 b 8 g f 8' UseCI&Wfadly ManufacturinR BuildinR Group R-2 I-WConYrudbn V -Non Ratedpua7mw owntr of ilulwhrg Stephen and .loan Rirknlnnd Ad&m Dullding Addre 219 Dundas Road ocawr By: �ii3ldk% 04cw Date 11dj. Psrmh W 93-2033 i hr7aae T-2 4013 Highway 125 Buffalo. MN. 553)1 Monticello, MN. 55362 Cert/ Anderson AuRuet 31. 1993 POST rrr A ConMrtaoua Puce r —J / v HRA AGENDA DECEMBER 7, 1994 Consideration to adopt a resolution authorizinu Public Resource Group. Inc. to Prepare a TIF Plan relating to the establishment of TIF District No. 1-19, a Housinq District. A. Reference and Background: AUTHORIZATION TO ESTABLISE3MT OF THE TIF PLAIT. The Monticello -Big Lake Housing, Inc., a non-profit organization, is proposing to construct a 48 -unit Independent senior housing facility. In order to finance the estimated $3.2 million dollar project (includes furnishings), the HRA is being asked to participate In the community project by creating a twenty-five year Housing TIF District. The TIF will be based from an estimated market value of $1,850,000. Legal TIP uxpendltures are land write-down and site Improvements. If the HRA proposed to use TIP to assist with the land -write down of the two -lots to the east of thu Zum Brunnen Medical Clinic, City Staff may not be supportive of the use of TIP (land -write down) at that site because of its close proximity to the Waste Water Treatment Plant and the potential release of odors. Secondly, no matter what dollar amount used by the City in an attempt to correct odors from a e Waste Water Treatment Plant, the attempt will never uuarantse absolute control of the odors. In addition to TIP, Housing Inc. is requesting the HRA or City consider issuing Revenue Bonds for the 501 (c) (3) organization. It lu anticipated the newly created district will qualify au a "Qualified Housing District" for exemption of the HACA LOGu to the City. Enclosed la a schedule, prepared for the TIP approval process which complements the augressivu ochudulu of Housing, Inc., plcaue note it Is anticipated that the HRA will adopt the ruuolution eutabliohing TIP Dlctrict No. 1-19 at thu January I1, 1995 HRA meeting. PRELIMINARY AORSEMHNT AND CASHIER CHECK Iu :addltlon to authorizliig PRO to pruparu the plan for the new district, the rosolutlon states the HRA dgruuu to walvu the rucoipt of the TIP Prullminary Agruemunt and the $5,000 ca Uhler chuck rolatlny to the Huuulug District project: and page I 113 HRA AGENDA DECEMBER 7, 1994 BRA/DISTRICT NO. 1-19 ADMINISTRATIVE COST'S Agrees to allocate the estimated $7,500 PRG and Holmes & Graven fees and previous $5,600 Health Planning & Management Resources, Inc. fee as Administrative Costs within the Plan (Budget) relating to TIF District No. 1-19; and PRIVATE REDEVELOPMENT CONTRACT Authorizes Holmes & Graven to prepare the Private Redevelopment Contract between the HRA and Monticello -Big Lake Housing, Inc. After discussion of the above items, the HRA members should consider the following alternative actions. B. Alternative Actions: 1. A motion to adopt the resolution authorizing Public Resource Group, Inc. to prepare a TIF Plan relating to the establishment of TIF District No. 1-19, a Housing District. 2. A motion to deny adoption of the resolution. 3. A motion to table any action. C. Recommendation: Staff does not recommend the use TIF to auslat with the hand- write down of the proposed two -lots; however, Staff supports the use of TIF for situ impruvomeutu or for land -write down at a different uitu. The project Ju a community pruject, it sustains the TIF Policies, and appuars to be consistent with Laud and Situ Plan Study completud for the Hospital District Area. D. Suoportinq Data. Ruuolutiun for adoption Lind TIF approval schudule. Paye 2 A RESOLUTION BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO, WRIGHT COUNTY RESOLUTION NO. RESOLUTION AUTHORIZING PREPARATION FOR THE MODIFICATION OF THE REDEVELOPMENT PROJECT PLAN, TIF DISTRICTS, AND ESTABLISHMENT OF TIF DISTRICT NO. 1-19 AND ITS PLAN. WHEREAS, the Housing and Redevelopment Authority (the "HRA"), in and for the City of Monticello, Minnesota, has been requested by Monticello -Big Lake Housing, Inc., a Minnesota non-profit organization, (the "Redeveloper") to establish a Tax Increment Finance (TIF) District; and WHEREAS, the HRA agreeri to waive the receipt of the Preliminary Agreement from the Redeveloper; and WHEREAS, the HRA agrees to waive the receipt of a $5,000 cashier's check from the Redeveloper; and WHEREAS, the HRA agrees to allocate the estimated $7,500 PRG and Holmes & Graven fees and the previous $5,600 Health Planning & Management Resources, Inc. fee as Administrative Costs within the Plan relating to the proposed TIF District; and WHEREAS, the Monticello -Big Lake Community Hospital District (the "Seller") is considering to proposer the sale of the following two parcels to the Redeveloper (the "Buyer") for redevelopment, the parcels identified as: PID# PIDA WHEREAS, the Redeveloper requests the HRA or City consider Issuing Revenue Bonds for the 501 (e) (3) non-profit organization; and WHEREAS, the Redeveloper proposes to construct a 48 -unit independent senior housing facility; and WHEREAS, on November 9, 1994. the HRA approved the preliminary concept for use of TIF to aesiot with financing the proposed senior housing project: and WHEREAS, on November 14, 1994, the City Council received an Informational update relating to the HRA'o preliminary concept approval for use of TIF on the senior housing project; and NOW, THEREFORE, BE IT RESOLVED by the Monticello Housing and Redevelopment Authority, in and for the City of Monticello, Minnesota: Page 1 Authorizes Public Resource Group, Inc. to prepare a modification of the Plan for Redevelopment Project No. 1 and the Plans for TIF District Nos. 1-1 through 1-18 and for establishment of TIS District No. 1-19, a Housing District, and Plan relating to District No. 1-19. Authorizes Holmes & Graven to prepare the Private Redevelopment Contract between the HRA and Monticello -Big Lake Housing, Inc. Adopted this th day of December, 1994. ATTEST: HRA Executive Director HRA Chairperson Page 2 v TAX INCREMENT FINANCE (TIF) HOUSING DISTRICT SCHEDULE NORMALLY, THE HRA DOES REQUEST A $5,000 CASHIER CHECK, EXECUTED PRELIMINARY TIF AGREEMENT, AND COPY OF LAND PURCHASE AGREEMENT. WED DEC 7, 1994 HRA AUTHORIZES PUBLIC RESOURCE GROUP TO BEGIN PREPARATION OF THE TIF PLAN FOR TIE DISTRICT NO. 1-19. HRA AUTHORIZES HOLMES 9 GRAVEN TO PREPARE THE PRIVATE REDEVELOPMENT CONTRACT BETWEEN THE HRA AND MONTICELLO SENIOR HOUSING ALLIANCE, INC. TUES JAN 3, 1995 PLANNING COMMISSION. MON JAN 9 PUBLIC RESOURCE GROUP DISTRIBUTES TIB PLAN TO THE TAXING JURISDICTIONS: SCHOOL, COUNTY, AND HOSPITAL. NO LATER THAN JANUARY 13. WED JAN 11 HRA ADOPTS RESOLUTION APPROVING TIF PLAN AND REQUESTS CITY COUNCIL CALL A PUBLIC HEARING. HRA REVIEWS FIRST DRAFT OF THE PRIVATE REDEVELOPMENT CONTRACT. MON JAN 23 CITY COUNCIL CALLS FOR PUBLIC HEARING OF TIF. WED FEB 1 HRA APPROVES FINAL DRAFT OF THE PRIVATE REDEVELOPMENT CONTRACT. THUR FEB 2 AND 9 PUBLIC HEARING NOTICE APPEARS IN LOCAL NEWSPAPER. TUES FEB 7 PLANNING COMMISSION. FRI FEB 10 PRIVATE REDEVELOPMENT CONTRACT EXECUTED BY NRA AND THBZAf16i�NCB, INC. MON FEB 13 CITY COUNCIL HOLDS PUBLIC HEARING AND ADOPTS RESOLUTION APPROVING TIF PLAN. NORMALLY, SITE AND BUILDING PLANS HAVE BEEN APPROVED BY CITY AND CITY ENGINEER, AND PRIVATE REDEVELOPMENT CONTRACT EXECUTED. PROFESSIONAL SERVICES GROUP, INC. Cams 1214/94 Ms. 011ie Krahl, Administrator Monticello -Big lake Community Nursing Home 1104 River Street Fast Monticello, MN 55362 RE Odor Complaint 1 Monticello Wastewater Treatment Facility Dear Ma Krahl: Thanks for your call on 11/10194 to report %asuwater treatment plant odors over the week.:nd of November 5th and 6th. Public input is needed to effectively work to control odors. In the future I would ask that you call when the odor is being Lencrated. There aro often things that uT can do to help minimize odor but we need to know at the :imc of the odor. You can call me day or night, my home phone number is 295-5609. 1 would particularly appreciate a call When odors are substantial enough to cause residents, as you said, to be "sick and some of them throwing up". To control odors is a never ending battle. We do the best we can with the equipment and conditions that exist. Public input is also an important pan of the odor control formula. The City could spend millions of taxpayer dollars on the problem and still not "eliminate" odors. By the very nature of this facility, a wastewater treatment plant, some odor will exist. Your continued assistance is appreciated and helps us to minimize the !frequency and severity of odor. Thank you. Sincerely, �L Kelsic McGuire Project Manager, Monticella W WIF 1401 NArt Blvd., ` twficello, MN 55361 ,421295-22211 TAX 61212MAT73 budget should stay healthy facility and the hospitallnursinghome axnpkx. It mentioned ancems int. of o recent city council meeting ohm rxnsible Ubjeetinrhs from senior residents to odor and noise from the aeatmem facility next door. However, long-term care Director 011y Krahl sad she did nut consider the facility a problem and hard memher Don Biske w' there are m altcmauve silo for the development. i Biske and board chair Helen Weiden- bach were ruminated as hospital district mprrsematiyes in the new non-profit cor- pirafirm ""Hcwd from Schwientek that adminiura- live law Judge Sara Jay moorrunended the state commissioner of health approve an upgrade firm basic to Advar tee fe Sup pm (ALS) amhuh m service. Commishioner Mar} to O'Brien is expected to nuke a finil decision m the Upgrade soon. We have No rtaon to behove that (her JJti� t be positive, Schwientek Cold layy held a heanng on obe AIS upgrade June 0 and wrote in her rtpon to the ixxn- mmsioner that the hospital district "her fully demonstrated that the licensure re ted is needed and will benefit the public health in the ala to he served." • Heard from Director of SafetyMary Onh that worker's compensation claims are down 44 percent h mh this time last year. Orth said that following a high of 13 claims in March, the distrroy recorded only five claims in lune. She need that Waal of these claims were for minor injuries and none resulted in lost time. After the mating, Onh said she consid- ers the drop in clarms to be the result of efforts by district employees to identify trends and seek solutions to common pmb- kms ..Over the past five years we have been looking at Ii tf ing injuries for nurses,' a maptr sewrce of worker injuries in the di%. trice sM sad. • Approved new appointments recom- mended by medical staff luuon Dr. Matlhcw Snorstolt. The appointments include two new en+ergcncy physicians, Mark Thayer and Jere Wardlow, who both move to the dis- trict from Waterloo, Iowa, and nuclear medicine technologist Benjamin Joerg from Rice lake, sena settinc prima] shows by Thor Carlson Races to replace rte Brno Adkins are hrew ratic and Rc�uhlican c two state office amte> 13 primary election ha Each party's enk)r facing a challenger pvI week. Wright C. Ken Jude steppppieed tar endorsed oarhtlidate fab. Earlier last week endorsement conven nod to Judy Beaudry Barbara Chaffee. Br would also be vying through the pnmary c Adkuts is rorgmnc due to health reavms .. midway thnwgh he - special cicetum will r remaining tion year Filings for slate :r. on Tuesday. (here w tots for county race tested pxsitkms.m the Thine ram incluc len6e to one•tenn me m smoncr Pat Sawat- teat. The other owe where incumbent Ws challenged by lame, MuPhad. riding to missioner seats on Eugene Lorentz in c: misshoncr Dick Ma mann u run agonist ! Judie Wise. The %tate secreta reported that no unc- have stepped touwars: ELEC710 -Con In other business at the meeting, the 1 boarI�dget° • Appoved salary aril benefit adjustment for rhonmttraa workers. Board member Trish Taylor told the seal year hwrJ that the rocuto nded adjustmcnu include a throe -percent raise stanmg July 11, two a freeze on knkcvity raise for one t right now," said hospitaf district 080 hoar step perud starting October 1. T w 2,080•hour period is roughly one e Director Barbaro Sidhwientek. year of work for a full-time employee. 1945 operating budget does not increases for the nursing "Everyroily will skip one 2,080 in• rate f+m docs have a 9.7• rccnt rate ozease," Schwientek said after the meeung. : for the hospital and counseling But Schwientek added that non -cm. Schwientek described the rate nation that tract em to ees-a designation P Y 8 as "within the usual range" and inchrdes everyone by tic nurse in the dis• necessary to kap the hospital dt- tria-nay get a flu payment in Mardi and npetitive. S"mher of scat year if the duaia's net ther favorable financial news, marVncquahfattrPerm motive Dimctor Nancy Dahkn told 11'rsda hedge on oar financial situatierk" ad tout final rcpwr fa the 'nond �J� showed a gun of $68,000 in to �T to the capes. 1 •Approved the concept of a non-profit �pwntion composed of repmentativa as mm f a loss Neu rtumA of $23.000. Ea i eight rmnths of this fiscal year, of the Mspital district city ctwnctL Hous• ing and RedevekVmmi Authority and the .cd activity in the hospital has the district post a total gain of community at large to oversee the building and management of a senior housing a). development in Montncello. are $464,000 ahead of last year, l The board briefly discussed the pro- is wonderful," Dahlen told the posed site for the development on property between the city's waste -water treatment facility and the hospitallnursinghome axnpkx. It mentioned ancems int. of o recent city council meeting ohm rxnsible Ubjeetinrhs from senior residents to odor and noise from the aeatmem facility next door. However, long-term care Director 011y Krahl sad she did nut consider the facility a problem and hard memher Don Biske w' there are m altcmauve silo for the development. i Biske and board chair Helen Weiden- bach were ruminated as hospital district mprrsematiyes in the new non-profit cor- pirafirm ""Hcwd from Schwientek that adminiura- live law Judge Sara Jay moorrunended the state commissioner of health approve an upgrade firm basic to Advar tee fe Sup pm (ALS) amhuh m service. Commishioner Mar} to O'Brien is expected to nuke a finil decision m the Upgrade soon. We have No rtaon to behove that (her JJti� t be positive, Schwientek Cold layy held a heanng on obe AIS upgrade June 0 and wrote in her rtpon to the ixxn- mmsioner that the hospital district "her fully demonstrated that the licensure re ted is needed and will benefit the public health in the ala to he served." • Heard from Director of SafetyMary Onh that worker's compensation claims are down 44 percent h mh this time last year. Orth said that following a high of 13 claims in March, the distrroy recorded only five claims in lune. She need that Waal of these claims were for minor injuries and none resulted in lost time. After the mating, Onh said she consid- ers the drop in clarms to be the result of efforts by district employees to identify trends and seek solutions to common pmb- kms ..Over the past five years we have been looking at Ii tf ing injuries for nurses,' a maptr sewrce of worker injuries in the di%. trice sM sad. • Approved new appointments recom- mended by medical staff luuon Dr. Matlhcw Snorstolt. The appointments include two new en+ergcncy physicians, Mark Thayer and Jere Wardlow, who both move to the dis- trict from Waterloo, Iowa, and nuclear medicine technologist Benjamin Joerg from Rice lake, sena settinc prima] shows by Thor Carlson Races to replace rte Brno Adkins are hrew ratic and Rc�uhlican c two state office amte> 13 primary election ha Each party's enk)r facing a challenger pvI week. Wright C. Ken Jude steppppieed tar endorsed oarhtlidate fab. Earlier last week endorsement conven nod to Judy Beaudry Barbara Chaffee. Br would also be vying through the pnmary c Adkuts is rorgmnc due to health reavms .. midway thnwgh he - special cicetum will r remaining tion year Filings for slate :r. on Tuesday. (here w tots for county race tested pxsitkms.m the Thine ram incluc len6e to one•tenn me m smoncr Pat Sawat- teat. The other owe where incumbent Ws challenged by lame, MuPhad. riding to missioner seats on Eugene Lorentz in c: misshoncr Dick Ma mann u run agonist ! Judie Wise. The %tate secreta reported that no unc- have stepped touwars: ELEC710 -Con HRA AGENDA DECEMBER 7, 1994 , 5. Consideration to review and auprove the second draft of the Private Redevelopment Contract between the HRA acrd Residentlal Development, Inc. and adopt the resolution rulatina thereto. A. Reference and Backaround: The HRA is being asked to adopt a resolution: Approving the Private Redevelopment Contract 1n substantially the form presented, subject to: 1. Final annexation; and 2. Some modifications to the Contract that do not materially alter the nature of the transaction which are approved the by Chair and Lire Executive Director. And authorizing and directing HRA officials to execute lite Contract. As per the direction of the HRA, Lite note with the proposed Interest rate was deleted from the Prlv,,te Redevelupment Contract as it was the HRA's understanding the $102,000 was a nut -to -exceed amount (no Interest and not based on Nut Present Value). However, the Redeveloper's responsibility for tine HRA 'a Administrative Costs were not inserted as Attorney Bubul felt the HRA may be eomewhal unreasonable in relationship to Lire amount of asslotance (not -to -exceed $102,000). The contract does include lire soil corrections must be commencud and completed concurring with the Phaue I development and as approved by the City Englneur. The cuutract outlines the four Phases, cummencement and completion d,ntes of each Phase, and minimum estimated market value of single and twin-homeo and commerical develupmurrtu In each Phase. TIF Payment bogln August 1, 1998 and end February 1, 2000. TIF payment is aloo subject to the development t�vmplying with the Subdiviulnn AUreument. Certificate- of Completion lsouud aftur completion of each Phaue. The sueund draft was submitted to Jim Causerly, Attorney for Ruoldentlol Development, Inc. Basad oil my ruvivw of the cuutract, a few housukuepiug ltumu will be ouUgvuted. Page 1 HRA AGENDA DECEMBER 7, 1996 B. Alternative Actions: 1. A motion to adopt the resolution approving the Private Redevelopment Contract between the HRA and Residential Development, Inc. in substantically the form presented. 2. A motion to deny adoption of the resolution. 3. A motion to table any action. C. Recommendation: The context of the Contract has been reviewed with Rick Wolfsteller, recommendation is Alternative Action 02. D. Sunaortina Data: Excerpts from the Private Redevelopment Contract and copy of the resolution for adoption. 9 Page 2 ARTICLE III Soil Corrections Section 3.1. Status of Redevelonment Propertv. As of the date of this Agreement, the Redeveloper has entered a purchase agreement (the "Purchase Agreement") to acquire the Redevelopment Property from a third party. Before the Authority has any obligations hereunder, the Redeveloper shall close on acquisition of the Redevelopment Property in accordance with the terms of the Purchase Agreement. The Authority has no obligation to purchase the Redevelopment Property or any portion thereof. Section 3.2. Soil Corrections. The parties agree and understand that development of the Redevelopment Property is hindered by the presence of a former gravel pit with steep slopes and other soil deficiencies, all as further described in A Geotechnical Evaluation Report for Residential Development, Inc., dated August 3, 1994 prepared by Braun Interteo Corporation and on file in City Rall. In order to make development of the Minimum Improvements economically feasible, the Authority will reimburse the Redeveloper for the cost of the Soil Corrections described in Schedule B hereto, in the maximum amount of $102,000 and subject to the terms of Section 3.3 hereof. In the event that the Soil Correction costs exceed $102,000 such excess costs shall be the responsibility of the Redeveloper. The Authority shall have no obligation to the Redeveloper or to any third party with respect to any defects in the constru tion of improvements financed or reimbursed by the Authority as Soil Corrections.L,The Soil Corrections shall be commenced and completed by the dates required for Phase 1 of the Minimum Improvements as specified in Section 4.3 hereof, and shall be carrie out in accordance with the Construction Plans approved under Section 4.2 hereof Soil Corrections shall be deemed commenced upon commencement of grading and Sm within the gravel pit area of the Redevelopment Property, and sha be deemed complete upon the reasonable determination of the City A Einglnec Section 3.3. Financia of Soli Corrections. The Authority will reimburse the Redeveloper for the cost of Soil Corrections paid by the Redeveloper pursuant to Section 3.2 hereof in the total amount of $102,000, in accordance with the following terms and conditions: (a) The Soil Correction costs will be paid by the Authority to the Redoveloper without Interest thereon In semi-annual installments payable on each February 1 and August 1 ("Payment Dates") commenMng August 1, 1998 and concluding no later than February 1, 2000, which payments will be made from Available Tax Increment as defined in thls Section and from no other source.. (b) Tho term "Available Tax Increment" means 90 percent of the Tax Increments paid to the Authority with respect to the TIF District during the six months preceding any Payment Date. (o) The Authority shall have no obligation to pay any portion of the Site Improvement costs that remain unpaid after termination of the TIP District. The Authority may prepay the Site Improvement costs at any time. (d) The Authority shall not be obligated to make any payment under this Section If: (1) the Authority has not issued the Certificate of Completion for the ra"nno 10110.4: minimum Improvements Is an Event of Default on the Redeveloper's pail under this Agreemea or the at��w__� nn��, bat has not been cured as of the " payment Date; or (iii Redeveloper wiled to comply withthe payment procedures described in paragraph (e) herein. If an Event of Default Is cured in accordance with this Agreement, the Available Tax Increment withheld shall be deferred and paid, without interest thereon, on the next Payment Date after the Event of Default is cured. (e). At least 30 days before the first Paymant Date (August f,. 19") -''the Redeveloper must submit to the Authority a payment request oerdfl=te signed'by, its duly authorized representative stating that the Redeveloper has paid the Soil Correction costa in at least the amount of ;1101,000 and. that"no Event of Default has occurred and is continuing under this Agreement. The first payment request oertiflcate must be accompanied by a certificate of a project engtueer or other project supervisor showing in adequate detail that the, Site Improvement costa, spedSed In Section 3.2 have been incurred and paid by the Redeveloper: m _. (f) The parties agree and understand that ilia Authority and' City may. at their sole discretion, terminate the TIF District on the Maturity Date or any prior date on which the Authority, has received or Is entitled to receive Available Tax Increment in amount sufficient pay the Soil Correction costa in full In accordance with the terms of this Section. Section 3.4. Pavment of Authoritv Expenses. Pursuant to that certain Preliminary Agreement between the Authority and the Redeveloper dated as of October S, 1994 (the "Preliminary Agreement"), the Redeveloper has deposited the sum of $5,000 with the Authority. As specified inihe Preliminary Agreement, the Authority will return the Redeveloper's deposiq_upon commencement of the Soil 4 Corrections. the Soil Corrections are not conmenced by the date for commencement Phase 1 nified in Section 4.3 hereof, all right, title and interest in the deposit shall be deemed transferred to the Authority. In all other respects, this Agreement supersedes and replaces the Preliminary Agreement. sumo 01.0-4. ARTICLE IV Construction of Minimum Improvements Section 4. 1. Construction of Minimum Improvements. (a) The Redeveloper agrees that it will construct the Minimum Improvements on the Redevelopment Property in accordance with the approved Construction Plans and at all times prior to the Maturity Date (while Redeveloper owns the Minimum Improvements) will operate and maintain, preserve and keep the Minimum Improvements or cause the Minimum Improvements to be maintained, preserved and kept with the appurtenances and every part and parcel thereof, in good repair and condition. (b) The Minimum Improvements shall consist of the following improvements: Phase 1: 4 single family detached homes 4 twinhome buildings (8 units) Phase 2: 24 single family detached homes 19 twinhome buildings (38 units) 2 Commercial improvements Phase 3: 24 single family detached homes 19 twinhome buildings (38 units) Phase 4: 12 Single family detached homes 6 twinhome buildings (12 units) (c) Upon the date for completion of each Phase specified in Section 4.3 hereof, the Minimum Improvements for each Phase shall have an assessor's estimated market value (including land and improvements) as follows: 'ltJ i a Phase 1: At least 3 single family homes shall have as estimated market value of at least $95, 000; 1 single family home shall have an estimated market value of at least $110,000, and all 4 twinhomo buildings shall have an estimated market value of at least $80,000. Phase 2: At least 19 single family homes shall have an estimated market value of at least $110,000; at least 8 single family homes shall have an estimated market value of at least $120,000; at least 15 twinhome buildings ehatl have an estimated market value of at least $85,000; at least 4 twinhome buildings shall have an esdamtod market value of at least $115,000; and two commercial facilities oombtnad shall have an estimated market value _of at least $1,012,000. Phase 3: At least 15 single family homes shall have an oadmated market value of at least $120,000; at least 8 sioglo family homes shall have an estimated market value of at least $ annaao 10190-46 130,000; at least 1 twinhome building shall have an estimated market value of at least $95,000; and at least 18 twinhome buildings shall have an estimated market value of at least $90,000. Phase 4: All 12 single family homes shall have an estimated market value of at least $130,000; and all 6 twin home buildings shall have an estimated market value of $95,000. The parties agree and understand that the covenant under this Section 4.1(c) shall not constitute an "assessment agreement" within the meaning of Section 469.177, Subd. 8 of the Tax Increment Act, and that such covenant is not intended to bind owners of individual housing units upon acquisition from the Redeveloper. Any failure by Redeveloper to perform its obligation under this paragraph constitutes and Event of Default hereunder for which the Authority retains all remedies specified in Article IX hereof. (d) The parties agree and understand that as of the date of this Agreement the Redeveloper is undertakings. subdivision plat of the Redevelopment Property, and that in connection with such plat the Redeveloper will enter into a subdivision development agreement with the City (the "Subdivision Agreement"). The parties hereto anticipate that the Subdivision Agreement will include customary obligations by the Redeveloper regarding landscaping, restrictive covenants and related matters. Any obligations of Redeveloper under this Agreement are In addition to Its obligations under the Subdivision Agreement. Further, any default by the Redeveloper under the Subdivision Agreement shell constitute an Event of Default under this Agreement. Section 4.2. Construction Plans. (a) Before commencement of the Soil Corrections, the Redeveloper must submit Constructions Plans for such corrections to the City Engineer, who shall review such plans on behalf of the Authority. Before commencement of construction of any Phase of the Minimum Improvements, the Redevoloper shall submit Construction Plans for such Phase to the City Building Official, who shall review such plane under this Section on behalf of the Authority. The Construction Plans shall provide for the construction of such Phase of the Minimum Improvements and shall be In conformity with the Redevelopment Plan, this Agreement, and all applicable State and local laws and regulations. The City Building Official will approve the Construction Plans in writing if: (I) the Construction Plans conform to the terms and conditions of this Agreement, including without limitation all the terms of Section 4.1 hereof; (ii) the Construction Plans conform to the goals and objectives of the Redevelopment Plan; (iii) the Construction Plans conform to all applicable federal, state and local lows, ordinances, rules and regulations; (iv) the Construction Plans are adoquate to provide for construction of the Minimum Improvements; (v) the Construction Plans do not provide for expenditures In excess of the funds available to the Redevoloper for construction of the Minimum Improvements; and (vi) no Event of Default has occurred. No approval by the City Building Official shall relieve tho Rodoveloper of tho obligation to comply with the terms of this Agreement or of the Redevelopment Plan, applicable federal, state and local laws, ordinances, rules and regulations, or to construct the Minimum Improvements in accordance therewith. No approval by the City Building Official &"Too,J ".1W-.6 or CityEngineer shall constitute a waiver of an Event of Default. If approval of the Construction Plans is requested by the Redeveloper in writing at the time of submission, such Construction Plans shall be deemed approved unless rejected in writing by the City Building Official or the City Engineer with respect, to the.Soil Corrections, in whole or In part. Such rejections shall set forth in detail the reasons therefore, and shall be made within 30 days after the date of their receipt by the City Building Official. If the City Building Official or City Engineer, rejects any Construction Plans in whole or in part, the Redeveloper shall submit new or corrected Construction Plana within 30 days after written notification to the Redeveloper of the rejection. The provisions of this Section relating to approval, rejection and resubmission of corrected Construction Plans shall continue to apply until the Construction Plans have been approved by the City Building Official and City Engineer with respect to the Soil Corrections. The City Building Official's and City Engineer's approval shall not'be Viiieasonably withheld. Said approval shall constitute-a-coaclusive determination that the Construction Plans (and tbi-Sid Corrections end the Phase of the Minimum Improvements constructed in accordance with said plans) comply to the Authority's satisfaction with the provisions of this Agreement relating thereto. (b) If the Redeveloper desires to make any material change in the Construction Plans after their approval by the City Building Official and City, Engineer, the Redeveloper shall submit the proposed change to the City Building Official (or City Engineer in the case of Soil Corrections) for approval. If the Construction Plans, as modified by the proposed change, conform to the requirements of this Section 4. Z of this Agreement with respect to such previously approved Construction Plans, the City Building Official or City Enghteer, as the case may be, shall approve the proposed change and notify the Rodevelopea in writing of its approval. Such change in the Construction Plans shall, in any event, be deemed approved by the Authority unless rejected, in whole or in part, by written notice by the City Building Official or City Engineer. as the case may be, to the Redeveloper, setting forth in detail the reasons therefor. Such rejection shall be made within ten (10) days after receipt of the notice of such change. The City Building Official's or City Engineer's approval of any such change in the Construction Plans will not be unreasonably withheld. Section 4.3. Commencement and Comoletion of Construction. Subject to Unavoidable Delays, the Redeveloper shall commence and complete construction of the Minimum Improvements in accordance with the following schedule: Phase 1: Commence by June 1,_1995 and complete by Jenuar�R, 1987 Phase Z: Commence by January 1, 1997 and complete by January 4, 19991 Phase 3: Commence by lannary 1, 1899 and complete by Jaaitary 4, 1989'. Phase 4: Commence by January 1, 1999 and oomplete by January 4,_9A00 Ali work with respect to the Minimum Improvements and related Soil Corrections to be constructed or provided by the Redeveloper on the Redevelopment Property shall be In conformity with the Construction Plane as su�nmitted bathe Redeveloper and I approved by the City Building Official. Q,,d `-1 R The Rodovoloper agrees for itself, its successors and assigns, and every successor in interest to the Redevelopment Property, or any part thereof, that the u.nwoW4: "VI10 Redeveloper, and such successors and assigns, shall promptly begin and diligently Prosecute to completion the redevelopment of the Redevelopment Property through the construction of the Minimum Improvements thereon, and that such construction shall in any event be commenced and completed within the period specified in this Section 4.3 of this Agreement. Until construction of Phase 4 the Minimum Improvements has been completed, the Redeveloper shall make reports, in such detail and at such times as may reasonably be requested by the Authority, as to the actual progress of the Redeveloper with respect to such construction. Section 4.4. Certificate of Comnletion. (a) Promptly after substantial completion of any Phase of the Minimum Improvements in accordance with those provisions of the Agreement relating solely to the obligations of the Redeveloper to construct such Phase (including the dates for beginning and completion thereof) , the Authority will furnish the Redeveloper with the Certificate shown as Schedule C hereto. Such certification by the Authority shall be a conclusive determination of satisfaction and termination of the agreements and covenants in the Agreement and in the Deed with respect to the obligations of the Redeveloper, and its successors and assigns, to construct the relevant Phase and the dates for the beginning and completion thereof. Such certification and such determination shall not constitute evidence of compliance with or satisfaction of any obligation of the Redeveloper to any Holder of a Mortgage, or any insurer of a Mortgage, securing money loaned to finance the Minimum Improvements, or any part thereof. (b) If the Authority shall refuse or fail to provide any certification in accordance with the provisions of this Section 4.4 of this Agreement, the Authority shall, within thirty (30) days after written request by the Redeveloper, provide the Redeveloper with a written statement, indicating in adequate detail in what respects the Redeveloper has failed to complete the relevant Phase of the Minimum Improvements in accordance with the provisions of the Agreement, or is otherwise in default, and what measures or acts it will be necessary, in the vp.Lion of the Authority, for the Redeveloper to take or perform in order to obtain such certification. (c) The construction of any Phase shall be deemed to be substantially completed when the responsible inspecting authority has issued a certificate of occupancy for n all the housing units and commercial facilities constituting such Phase. - &Wl"0 =190.46 HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO IL RESOLUnON NO . RESOLUTION APPROVING CONTRACT FOR PRIVATE REDEVELOPMB r WITH RESIDENTIAL DEVELOPMENT, INC. WHEREAS. the Horsing and Redevelopment Authority in and for the City of Monticello (-Mdw lty') is administering its Redevelopment Project No. 1 ('Project; and WHEREAS. within the Project the Authority has approved creation of Ta: Inerrmem Financing District No. 1-18 in order to facilitate ceratin will Corrections and related residential and cammndal developmem and WHEREAS, dse Authority has reviewed a Contract for Private Redevehoplant between the Authority and Residential Development, Inc. (the "Contract' specifybtg the respective obflgalm of Resid-ial Development, Inc. and the Authority fegudlog developmem within the TIP District: and WHEREAS. the Autbaity has determined that it is in the beat Interests of the Authalty rod the City as e whole to enter hdo the Contract NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of me Housing sand Redevelopment Authority in and for the City of Monticello n follows: 1. The Contract Is hereby approved in substantially the form pmsrmted to the Authority on this date, subject to: (a) MW annexation by the City of Monticello of do property Included within the TTP DiMicl: arrd (b) nwMk ti ms to the Contract that do oat materially alter the mNre of the traatsctim which are approved by the Chair and Executive Director, provided that execution of the Contract by such officials ahW be conelasive evidence of such approval. 2 Upon satisfaction of the conditions specified In Section 1, the proper Aubft officials am authorized and directed to execute the Contract on betmlf of the Authority. and to Cony out an behalf of the Authority the Authority's obtiguiam thereunder. Approved by the Board of Commissimers d the Homing and IL/., J, , ..... AnIhO y In std far Bre City of Monticello this _ day of 1994. C ATTEST: uuoars o�uo•a HRA AGENDA DECEMBER 7, 1994 6. Consideratlun to review and acorove the first draft of the amendment to the Private Redeveloument Contract between the HRA and William and Barbara Taaoer and adopt the resolution thereto. A. Reference and Backaround: The HRA is being asked to adopt a resolution: Approving the Private Redevelopment Contract is substantially the furm presented, subject to: Modifications to the Contract that do not materially alter the nature of the transaction which are approved by the Chair and Executive Director. And authorizing and directing HRA officials to execute the Contract. The amendment to the Private Redevelopment Contract states the Redeveloper will construct a 18,000 oq ft manufacturing facility (the "Additional Improvements"). Constructlun commencing May 1, 1995 and completion by December 31, 1995. The 11RA will reimburse the Redeveloper $30,000 for site lnprovements: excavatlou, landscaping, and curb constructiun necessary for the develupment of the additional improvements. Reimburoement upon 90% completion of the additional improvements and certification by do Independent architect. The annaul Tax Increment Guarantee increaseo Crum the original $26,000 to $34,500. The Aseeuument Agreement's minimum estimated market value will increaoe from $750,000 to This amount will co ViLdill the lneruaued tax Incremunt guarantee but not ovu Hoot mated market value. B. Alternative Actlun: A motion to adopt the resolutlon approving the Private Redevelopment Contract butwevn thu HRA and W1111am R. and Barbara R. Tappur, in substantially thu form presented. 2. A mu tluu to deny adoption of the reuulutiun. 3. A motion to table any action. I Pdyu 1 HRA AGENDA DECEMBER 1, 1994 C. Recommendation: Staff recommends Alternative Action No. 1 as the modification of the TIF District No. 1-9 Plan was approved by the HRA and the City Council. Supportinq Data: Excerpts from the contract and copy of the resolution for adoption. tPagn 2 AMENDMENT TO CONTRACT FOR PRIVATE REDEVELOPMENT THIS AGREEMENT, made on or as of the day of , 1994, by and between HOUSING AND REDEVELOPMENT AUTHORITY IN ZTD-7-0-1 THE CITY OF MONTICELLO, MINNESOTA, a public body corporate and politic (the "Authority") , established pursuant to Minnesota Statutes, Sections 489.001 to 489.047 ( hereinafter referred to as the "Act"), and WILLIAM R. AND BARBARA R. TAPPER, husband and wife (collectively, the "Redeveloper") . RECITALS WHEREAS, the Authority and the Redeveloper have entered into that certain Contract for Private Redevelopment dated July 13, 1990 (the "Original Contract"); and WHEREAS, pursuant to the Original Contract the Authority conveyed the Redevelopment Property as described in Schedule A hereto to the Redeveloper and the Redeveloper constructed the Minimum Improvements as defined therein; and WHEREAS, the Redeveloper has proposed to construct certain additional improvements on the Redevelopment Property and has requested certain additional assistance from the Authority in order to make such improvements financially feasible; and WHEREAS, the Authority believes that the redevelopment of the Project Area pursuant to this Agreement, and fulfillment generally of this Agreement, are in the vital and best interests of the City and the health, safety, morals, and welfare of its residents, and in accord with the public purposes and provisions of the applicable State and local laws and requirements under which the Project has been undertaken and to being assisted. NOW, THEREFORE, in consideration of the premises and the mutual obligations of the parties hereto, each of them does hereby covenant and agree with the other as follows: 1. Construction of Additional Improvements. (a) In addition to the Minimum Improvements previously constructed by the Redeveloper, the Redeveloper shall construct an approximately 18,000 square foot manufacturing facility (the "Additional Improvements") on the Redevelopment Property. Prior to commencement of construction of the Additional Improvements, the Redeveloper shall submit Construction Plans for the Additional Improvements to the City Building Official, who shall review such plans on behalf of the Authority. The Construction Plana shall provide for the construction of the Additional Improvements and shall be in conformity with the Redevelopment Plan, this Agreement, and all applicable State and local laws and regulations. The City Building Official will approve the Construction PWw in writing if: (i) the Construction Plans conform to the terms and conditions of this Agreement; (fl) the Construction Plans conform to the goals and objectives of the Redevelopment Plan; (iii) the Construction Plans conform to all applicable federal, state and local laws, ordinances, rules and regulations; (iv) the Construction Plans are adequate to provide for construction of the Additional Improvements; (v) the Construction Plana do not provide for expenditures in excess of the funds available to the Redeveloper for construction of the Additional Improvements; and (vi) no Event of Default has occurred. No approval by the City Building Official shall relieve the Redeveloper of the obligation to comply with the anwm smio-ii 1 terms of this Agreement or of the Redevelopment Plan, applicable federal, state and local laws, ordinances, rules and regulations, or to construct the Additional Improvements in accordance therewith. No approval by the City Building Official shall constitute a waiver of an Event of Default. If approval of the Construction Plans is requested by the Redeveloper in writing at the time of submission, such Construction Plans shall be deemed approved unless rejected in writing by the City Building Official, in whole or in part. Such rejections shall set forth in detail the reasons therefore, and shall be made within 30 days after the date of their receipt by the City Building Official. If the City Building Official rejects any Construction Plans in whole or in part, the Redeveloper shall submit new or corrected Construction Plans within 30 days after written notification to the Redeveloper of the rejection. The provisions of this Section relating to approval, rejection and resubmission of corrected Construction Plans shall continue to apply until the Construction Plans have been approved by the City Building Official. The City Building Official's approval shall not be unreasonably withheld. Said approval shall constitute a conclusive determination that the Construction Plans (and the Additional Improvements constructed in accordance with said plans) comply to the Authority's satisfaction with the provisions of this Agreement relating thereto. Construction Plans shall be modified only in accordance with Section 4.2(b) of the Original Contract. (b) Subject to Unavoidable Delays, the Redeveloper shall commence construction of the Additional Improvements by May 1, 1995 and shall complete construction by December 31, 1995. All other provisions of Sections 4.3 and 4.4 of the Original Contract apply by substituting the term "Additional Improvements" for the term "Minimum Improvements." 2. Authoritv Reimbursement for Certain Site Improvement Costs. In addition to the assistance provided under Section 3.7 of the Original Contract, the Authority agrees that it will reimburse the Redeveloper for a portion of the cost of preparing the Redevelopment Property for construction of the Additional Improvements. Specifically, the Authority will reimburse the Redeveloper for up to $30,000 of the cost of undertaking excavation, landscaping, and curb construction necessary in connection with development of the Additional Improvements. Prior to the Redeveloper's commencement of such site improvement activities, the Redeveloper shall furnish to the Authority for its review and approval plans and specifications relative to the construction of said site improvements. The Authority shall reimburse the Redeveloper for up to $30,000 of the cost of such site improvements at such time as the Redeveloper has completed 90% of the Additional Improvements, as certified by an independent architect' retained by the Redeveloper. Reimbursement by the Authority shall be conditioned on the Redeveloper not being In material default under this Agreement at the time such reimbursement Is requested; provided, however, that the Authority shall first give written notice to the Redeveloper of the existence of the Redeveloper's default, which notice shall include a description of the nature of the default and the actions required to be taken by the Redeveloper to cure such default. 3. Tax Increment Guarantee. Section 8.1 of the Original Contract is oo modified to provide that, beginning to calendar year 1997, in the event that the Tax 40eIncrement generated by the Tax Increment District in any year until the Maturity Date is less than $34,500, the Authority shall provide written notice to the Redeveloper of such fact and amount of the deficiency in Tex Increment. The remainder of Section 8.1 and 8.2 of the Original Contract shall continue to apply without modification. •nw2oo MIM -]1 4. Assessment Agreement. Upon execution of this Agreement, the Redeveloper and the Authority shall enter into an Amended and Restated Assessment Agreement substantially in the form attached hereto as Schedule B. The Amended and Restated Assessment Agreement shall provide that the Minimum Market Value of the Minimum Improvements together with the Additional Improvements shall be f as of January 2, 1996. S. Financing. (a) Before commencement of construction of the Additional Improvementseveloperihall submit to the Authority evidence of one or more commitments for mortgage financing which, together with committed equity for such construction, is sufficient for the construction of the Additional Improvements. Such commitments may be submitted as short term financing, long term mortgage financing, a bridge loan with a long term take-out financing commitment, or any combination of the foregoing. Such commitment or commitments for short term or long term mortgage financing shall be subject only to such conditions as are normal and customary in the mortgage banking industry. (b) If the Authority finds that the mortgage financing is sufficiently committed and adequate in amount to provide for the construction of the Additional Improvements then the Authority shall notify the Redeveloper in writing of its approval. Such approval shall not be unreasonably withheld and either approval or rejection shall be given within thirty (90) days from the date when the Authority is provided the evidence of mortgage financing. A failure by the Authority to respond to such evidence of mortgage financing shall be deemed to constitute an approval hereunder. If the Authority rejects the evidence of mortgage financing as inadequate, it shall do so in writing specifying the basis for the rejection. In any event the Redeveloper shall submit adequate evidence of mortgage financing within thirty (30) days after such rejection. (c) In the event that there occurs a default under any Mortgage authorized pursuant to this Section, the Redeveloper shall cause the Authority to receive copies of any notice of default received by the Redeveloper from the holder of such Mortgage. Thereafter, the Authority shall have the right, but not the obligation, to cure any such default on behalf of the Redeveloper within such cure periods as are available to the Redeveloper under the Mortgage documents. 6. Insurance. The Redeveloper shall comply with all requirements set forth in Sec on . a) of the Original Contract as applied to the Additional Improvements. The remainder of Article V of the Original Contract shall apply to the Additional Improvements as well as the Minimum Improvements. 7. hibitions Aaninst Assig nt and Transfer; indemnification. All provisions of Article VIII of the Otiglnafcontract shall apply to the Additional improvements as well as the Minimum Improvements. 8. Effect of Amendment. All other terms of the Original Contract remain in effect and are deemed to apply to the Additional Improvements as well as the Minimum Improvements. Unless otherwise provided herein or the context clearly requires otherwise, the term "Minimum Improvements" in the Original Contract shall be deemed to include the Additional Improvements. All capitalised terms used herein have the meaning provided in the Original Contract unless the context clearly requires otherwise. M 3M 10110-31 HOUSING AND REDEVELOPKENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO RESOLUTION NO._ RESOLUTION APPROVING CONTRACT FOR PRIVATE REDEVELOPMENT WITH WILLIAM R. AND BARBARA R. TAPPER WHEREAS, the Housing and Redevelopment Authority in and for the City of Monticello ("Authority") is administering its Redevelopment Project No. 1 ("Project"); and WHEREAS, within the Project the Authority has approved creation of Tax Increment Financing District No. 1.9 in order to facilitate certain manufacturing development; and WHEREAS, the Authority has reviewed an Amendment to Contract for Private Redevelopment between the Authority and William R. and Barbara R. Tapper (the "Contract") specifying the respective obligations of William R. and Barbara R. Tapper and the Authority regarding certain manufacturing development within the TIF District; and WHEREAS, the Authority has determined that it is in the best interests of the Authority and the City as a whole to enter into the Contract; NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Housing and Redevelopment Authority in and for the City of Monticello as follows: 1. The Contract is hereby approved in substantially the form presented to the Authority on this date, subject to modifications to the Contract that do not materially alter the nature of the transaction, which are approved by the Chair and Executive Director; provided that execution of the Contract by such officials shall be conclusive evidence of such approval. Z. The proper Authority officials are authorized and directed to execute the Contract on behalf of the Authority, and to carry out on behalf of the Authority the Authority's obligations thereunder. Approved by the Board of Commissioners of the Housing and Redevelopment Authority in and for the City of Monticello this _ day of , 1994. Chair ATTEST: Secretary am=I Anlorl, HRA AGENDA DECEMBER 7, 1994 7. Curialderatlon of Brad Baraer to accept reappointment to thu, Five -Year HRA Commlasioner Position. A. Reference and Backaround. HRA commissioners are appointed each year by the Mayor and City Council at the first Council meeting field in January. Au records indicate, Brad Barger was appointed to the HRA position vacated by the resignation of Lowell Sehrupp. That five-year term expires December, 1994. Assuming Mr. Barger will agree to remain on the commluulun, the HRA may want to endorse Mr. Barger's re -appointment. On January 9, the Mayor and Council will appoint Mr. Bargur and rulnstate the four remaining HRA members as folluws: Ben Smith December 1995 Tom St. Hilaire December 1996 Everette Ellison Decembur 1997 Al Larson December 1998 Brad Barger December 1999 Reca=endation is a motion endorsing the re -appointment of b Brad Barger for a five-year HRA term, explratici, dote %f tecember 1999. HRA AGENDA DECEMBER 7, 1994 Other Business: a) TIF District No. 1-17 (Fay -Mar) Update - Upon receiving the final building plans or as-builfs, the landing Institution has a project appraised. The land and building appraisal for Musich project was approximately $100,000 less than the costs associated with construction financing through the Lank and SBA. The appraiser is re- appraising the project and Ron Muslclt is re-negotlating costs. The bank is confident the project will proceed; however, the Private Redevelopment Contract reads construction to begin no later than November 20, 1904 and Land Purchase Agreement reads option expires October 20, 1994. Although the project seems to be coming together, the HRA may find this project on their agenda In January. b) Retailer Services Corpuration - The IDC Proopect Team toured this NE Minneapulle facility on November 29. The team characterized the two plant/operational managers as hard-wurking individuals. One lives in Maple Lake and the other in Anoka. Mr. Sullivan, the headman, has the pocketbook. The team viewed the company which produces retail/commercial sales/dlsplace cabnetary as well -ran. The team's suggestion is to assist the company but not give away the farm. Mr. Sullivan's first priority was to contact Charlie Pheffer regarding the available facility otherwise will consider building. 25,000/30,000 sy ft rectangle facility, 8-10 full-time employment, seasonally up to 16-18 people. Average wages, $7.00-$9.00 per hour. Players are Becker, Rogers, Elk River. 4-) IDC brainstorm Workshop - Although final plans are still in the making, the IDC would llka HRA memburs to earmark Thursday, January 19, 1995, as the date of a bralnotorm workshop to assist in evaluating the economic development strengths and weaknesses of the community acid to establish one and live -year goals. The workshop will begin at 7:00 p.m. at the NSP Training Center. The IDC would like to see, at a minlmum, one rupresontative from the HRA at the wurkahup. d) Larson Letter - Submitted for your Information. Rick Wolfeteller is resuarching this fur recorded easements, Although some years ago the HRA establiuhed a Redevelopment District in this area, the Hauo property and the property directly to the north of Metcalf/Laroon Rental Office Bulldlug were purchased and buildingo demolished by the City. L Pagu 1 HRA AGENDA DECEMBER 7, 1994 e) Other - Ron Johnson, Quality Welding, and Gene Guad, Rogeu Corporation, are Inquiring of TIF assistance for a proposed project. The IDC Prospect Team toured Quality Welding in Rogers this fall. Page 2 /I *14&Xarfoa ATTORNEYS AT LAW P,O. 8" uA V 30 Welt B.oee�y MontkNb, Mirwed� 0530244M JAMES G. METCALF TELEPHONE BRADLEY V. LARSON (012) 78$3232 METRO November 28, 1994 M12) 421-3393 FAX (012) 2853132 City of Monticello 250 East Broadway P. O. Box 1147 Monticello, Minnesota 55362 ATTENTION: Jeff O'Neill Dear Jeff: Pursuant to our recent telephone conversation, please consider this a letter of request that the HRA deal with the issue of opening up another driveway out of the post office over the former city owned Hass property lying north and west of the post office. After dealing with this weekends snowstorm, plowing and irate postal customers driving through our parking lot during the plowing process, we are prepared to block off the post office access through our parking lot. The post office and their landlord have never contributed monetarily for snow removal, seal �- coating or bituminous maintenance and to the best of our knowledge they do not have an easement. Our benevolence is about to cease. Respectfully yours, METCALF 6 LARSON By. B ley HVL/gls cc: United States Post Office ATTENTION: Jack Se it resolved by the City'Council of Monticefto," ?Minnesota, as follows: I. Monticello Ford, Inc. is the owner of the following: Parcel #19j65 _ Lot 10 and E 6ft. of Lot 4 except N 50 ft. of Lots 10 and 4 and has granted to the City of Montic,•llo an alley easement on north side of said property for $1.00. 2 rite City of Monticello hereby agrees to pay $1.00 and accepts value over and above $1.00 as lift from Monticello Ford, Inc. Perpetual easement for use of alleyway is granted to Monticello Ford, Inc. and sub- sequent owners of above described property. 4. Granting of easement by Monticello Ford, Inc. will not limit land use of 'above described property or limit building ;ermit requirements in any more stringent manner than would such property be limited,were itl,not for the alleyway easement. + 'rL•� ,/J 7 Mayr d / 4Q -- Cit --Citnistrator, i • - i nye,. �%•%j7,s '�:r. "F-/1 1 S 03 Agenda Item 3. Review and recommendations from engineer on maintenance building bids. At the last council meeting the councils decision was to refer plans and specifications back to the engineer for review and cost revision. Thursday, August 8, 1975, (subsequent- to this supplement), John Badalich will be meeting with maintenance building commission and review his findings. Agenda Item 4. Consideration of adoption of resolution for allev easement granted by Larry Flake for Post Office. Larry Flake has agreed to granting the post office an easement for an alleyway on the back of his property. He would like the following stipulations put in the easement and on re- cord at City Halls 1. Easement will not restrict future building permit requests. Basically Mr. Flake was concerned about setback requirements in that easement would not make it more difficult to situate future structures. 2. City would accept easement as a gift above the amount of $1.00. 3. A perpetual easement would always be granted Larry Flake on alleyway and he could transfer this to future owners. Agenda Item S. Set public hearing for final Community Develop- ment Block Grant application. Due to additional funds being appropriated for the Community Development Block Grant program, HUD is now accepting final applications. Ap- plications must be complete by August 30, 1975• The City of Monticello is in the Twin Cities region and currently ranks 9th out of 43 cities with a possible appropriation up to $100,000. .. . : :illi %• 4i :iC..�:�:n: `rim:� ^i• .�. ^1 � Agenda Item 3. Review and recommendations from engineer on maintenance building bids. At the last council meeting the councils decision was to refer plans and specifications back to the engineer for review and cost revision. Thursday, August 8, 1975, (subsequent- to this supplement), John Badalich will be meeting with maintenance building commission and review his findings. Agenda Item 4. Consideration of adoption of resolution for allev easement granted by Larry Flake for Post Office. Larry Flake has agreed to granting the post office an easement for an alleyway on the back of his property. He would like the following stipulations put in the easement and on re- cord at City Halls 1. Easement will not restrict future building permit requests. Basically Mr. Flake was concerned about setback requirements in that easement would not make it more difficult to situate future structures. 2. City would accept easement as a gift above the amount of $1.00. 3. A perpetual easement would always be granted Larry Flake on alleyway and he could transfer this to future owners. Agenda Item S. Set public hearing for final Community Develop- ment Block Grant application. Due to additional funds being appropriated for the Community Development Block Grant program, HUD is now accepting final applications. Ap- plications must be complete by August 30, 1975• The City of Monticello is in the Twin Cities region and currently ranks 9th out of 43 cities with a possible appropriation up to $100,000. .. . : :illi %• 4i :iC..�:�:n: `rim:� ^i• .�. 9�jig bibeuturt, .tend. this. _ bcltoecn--Monticello-Fiord. Tor _ r._..�_.__ �._......_.._._.._ a corporation tender the late* o/ the Salto o%—.. Minn"— party of W Jori part, and __The_City_.of...Monticello.—a_.munirlpal-_....____..__�_ ..... -., __ . a corporation ender Me tats* of W Stab of Mlnnpenta party of the second pert. Elftntssetb, that W Bald party of W JU*t pert. In tantideredim of the tans of -ere. Dollar..and...other�oad_�nA_v_a�uakle_sonaid�ra.t�uo. to it in hand paid by the said party of W second part, W roeotpt whereof is hereby ark otafedlkd. don hereby Grant. Bargaln. Qultalaltn, and P.oeaey ants the said party of the second part. W suarrson and assigns, lorsasr. aU the trad._._or psrct ---of land lyin[ and bs4s# In ahs County o/ W Sht -%d Stats of J/tnneseta. deeeribsd as foUoas. to -wit: The Northeduterly Twelve (12) feet of the parcel described as: Ain .npi h •. • • . • 'r -r' -"'' i — s C !' � I .• I '' Lot Ten (10) and the East Six (6) feet of Lot Nine (9) 908*b4n .Block 50, Town of Monticello, according to the 401hb►W record. vv r Ufew CUMN Ot AumAnce is subject to and contingent upon the building of a United States Poet Office adjacent to the grantor's property and should that not occur within three (3) years from date hereof, then the property herein conveyed will revert to grantor. If said Post Office is built, this conveyance is subject to a perpetual easement for ingress and egress over the above described property reserved unto the Grantor, its successors and assigns. Qa INU atO (01{ 0 lbt lYanu. Together uM ail W hawdItantents and appur4sances (hers unto bebn/ter/ or In anywise appertaining, to the said party of W second part. W n ounsn and assigns ltereusr. \ 1a 9duamnf wbrf"L The said prat party hw asanl A." \\ panne* b be o=roubd Ls W co►pbraU near by U .._ _ I prrtdsnt and Ib corporate nal so be brsuteto aJJLed Wday and yr,► ped abnw UW" JNffJ0kL4D PORDt. INC !b_.. _ .. _PrestekM +tate of Itinnegota, t County of ..... .W..( LGIf.T........................ The foregoing Instrument was acknowledged before me this.. 147 day of ................ '.`^L......l9.7L........ Lawr+«ac F/�Ke ��iNar.Iam ;«Ap«.TIu•«aanA««Y and by ..................5'13-06)1-:— INa«..1 OCA—«.«wa, mu. et 010—« ..—k of................................................ h%.Q.N..T..f.G..Q.4.R•.4..../r's.!t.4.............................................................. I N.wM ./ a«r«.ww A•WoNk.Nei a...........................corporation, on behalf of the corporation. �Nw.. i ISIOAu... •I r•r.• T.YI« Ac••e.MAp•.w.Y t • c c• /T/W er IIuAY I �.. RYGlIAeD �Y•T OLFG LXM � = «IICOYNTT 2 L� NOTANT ry A�IC.NINMefaTA M GO«ey«Ow lan.c� N.t 11. 1M � , tNiE INSTRUMENT MAII ETATe ales TAM DUI J On Ae TEo bv: b 11 t �a Lw LAJ ■ �{ yi s a ► Z a a � g .e ,�l • W V 4 • • .� y I }l c y �' .D V . b PUBLIC RESOURCE t GROUP, INC. Marked% Development & Finance Specialists November 22, 1994 5 C e R. G — C Ms. 011ie Kompchalt City of Monticello 250 East Broadway P.O. Box 1147 Monticello, MN 55362 STATEMMAT Consulting Services --October 16, 1994 through November 15, 1994 10-19-94 LPK—H-Window closing documents, follow-up with 011ie and Steve Lemme .50 10.21-94 LAK—Memo regarding H -window loan guidelim ri1 TOTAL CHARGEABLE HOURS 1.23 Net Chargeable Hours 0 S90/Hour S112.50 TOTAL AMOUNT DUE IU= C1ME= QffaA OVIER OVER $112.50 TERMS: NET DUE UPON RECEIPT, 1.33% PER MONTH SERVICE CHARGE ON PAST DUB ACCOUNTS 4205 Lancaster Lone North* Suite 1100 • Minrumpolls, Minnesota 55441 • (611) 550.77979 • (611) 5549111 Fax r November 29, 1994 Ms. 011ie Koropdrak City of Monticello 250 East Broadway P.O. Box 1147 Mondedlo, MN 55362 It PUBLIC RESOURCE t GROUP, INC. t Marketing, Development & Finance Specialists STATE UM Modificatron or TIF District M. 1.9 for te Initial project strucnrring with business; preparation of TIF data; determination of project flraue values and Preliminary TEF financial analysis; review and confumadon of TIF Plan; distribution of documents to County and School Districts; and certification of district TOTAL AMOUNT DUE CURR a OVER OVER 60 OVER.4� $2,000.00 TERMS: NET DUE UPON RECEIPT, 1.33% PER MONTH SERVICE CHARGE ON PAST DUE ACCOUNTS 4205 Lancaster lane North Suite 1100 0 Minnrapolis. Minnesota 55441 6 (612) 55047979 ♦ (612) 550.9221 Fax HOLMES & GBAYP November fNVOIdE 6 47621-1 MlNiQO 4�1 Ci re u -F -MGNTI'CE,-W,' F Cl sox I.I47, MCWICIELt6 kN 5153E2=3445 C3 9 F;,jv LegaI Servucis From Octabor 4. i9M, tpro Oi icber 31, 1994 As 'Pol'farzai- 10/aV94 S48 Genvr4l TIF questions pr 20 Name C Stephen J Subul now sir d Oman Tjapm 3 Ze.2- Hour* get e A m 0 j r. i .,o 12000 24 C.0 Total Ssr-icos Ana Disburfamp-is 00 HOLKW &GSAVEN CRAwfum NoV.vmber 1'6, lc?.+A !NvOi6e 0 '47634 K4j-40:4b - - ' crry OF M4*TICELLd. TIF P 0 BOX 1147 MGNTICELLd PIN For All tragal Aarmic,es Froas October -L, •1994 Thru Cc-cuber 21,, 1994 As Followv= 10. Z A.a-search ,jnn4&4tiom .4 002m rvtiow V, v 00, 4,0 p,rol-lininar-I agra'aintnt io,/04194 ejB Phoni call with 0, Korop,ch'sk re TIF 0 10 t4-30 iiiJis 1-0/471/174''Sis phatie Call with 0. Korop,chak JO CIO �-I 4 / 9 4 SA -0121 Q&*t-4w 00"Icoelr 04ter-isl,9-1 oAq,rn Term 0:10 36 Cc, Sheet 10/26/9-4 SJB phani Call wvth, 0. Koropchdk re 0 ;0 24 CO TIPIAnnet,ALiCn quostlio-n total s*rvLcm 41"b8 ilo Nems "a we I Rate Aaduit, Stephen J Qybul 1.35 1 00 162.'00 Total Ssprvic9-3 And DiAburommsn,ts; sx.az do -" ,d`!W%Wftw - Now C*Qpdw&w stapnqv 4 aubul