EDA Agenda 02-14-2018AGENDA
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, February 14th, 2018 — 6:00 p.m.
Mississippi Room, Monticello Community Center
Commissioners: Vice President Bill Tapper, Treasurer Steve Johnson, Tracy Hinz, Jon
Morphew, 011ie Koropchak-White and Council members Lloyd Hilgart and
Jim Davidson
Staff: Jeff O'Neill, Angela Schumann, EDA Executive Director Jim Thares, Jacob
Thunander, Wayne Oberg
1. Call to Order
2. Roll Call 6:00 p.m.
3. Annual Business Meeting
a. Consideration to elect EDA Officers
b. Consideration to review EDA Bylaws and Enabling Resolution
c. Consideration of EDA fund balance information
4. Consideration of additional agenda items
5. Consent Agenda
a. Consideration of approving Regular Meeting Minutes — January 10th, 2018
b. Consideration of approving Special Workshop Meeting Minutes — January 10th,
2018
c. Consideration of approving payment of bills
d. Consideration of 2018 Farm Lease with Tom and/or Matt Spike at $1,100 for 13.6
acres
Regular Agenda
6. Consideration of Purchase Agreement for 103 Pine Street
7. Consideration of CMHP Redevelopment and Rehab Feasibility Analysis Proposal
7.5 Consideration of Authorizing Letter of Intent (LOI) to acquire 112 West River Street
7.6 Consideration of Authorizing Quotes for Phase I Environmental Studies at 103 Pine
Street and 112 West River Street
8. Director's Report
9. Adjourn
3.
A.
B.
C.
1a
E.
EDA Agenda: 02/14/18
Consideration of holding Annual Business Meeting (JT)
REFERENCE AND BACKGROUND:
The EDA is required to hold an Annual Meeting each year to elect officers, make
appointments as needed and consider Bylaw changes. The EDA enabling resolution and
the Bylaws are attached for review. Staff would entertain any questions or requested
clarifications of the documents; some items may require consultation with EDA legal
counsel.
The Offices that need to be filled consist of President, Vice President and Treasurer.
Staff can serve as the Secretary for recording minutes of meetings. Also attached for
review and discussion is the 2017 Year End reports of the EDA Fund(s).
Al. Staff Impact: There is minimal staff time involved in preparing for consideration
of the Annual Business Meeting.
A2. Budget Impact: No expected budget
ALTERNATIVE ACTIONS:
1. Motion to elect 2018 Officers; as President,
as Vice President, and as Treasurer.
2. Motion to table election of 2018 EDA Officers
ALTERNATIVE ACTIONS:
1. Motion to direct staff to prepare draft amendments to the EDA Enabling
Resolution or Bylaws as follows: (amendments to the Enabling Resolution require
a public hearing).
2. Motion of other.
STAFF RECOMMENDATION:
Staff recommends approval of Alternative B-1.
If needed, staff recommends approval of C-1 as appropriate.
SUPPORTING DATA:
A. EDA Bylaws
B. EDA Enabling Resolution
C. EDA 2017 Year -End Financial Reports
1
BYLAWS OF THE
ECONOMIC DEVELOPMENT AUTHORITY
ARTICLE I - THE AUTHORITY
Section 1. Name of Authority. The name of the Authority shall be the "City of
Monticello Economic Development Authority."
Section 2. Office of Authority. The office of the Authority shall be at the City Hall
in the City of Monticello, State of Minnesota, but the Authority may hold its meetings at such
other place or places as it may designate by resolution.
Section 3. Seal of Authority. The seal of the Authority shall be in the form of a
circle and shall bear the name of the Authority and the year of its organization.
Section 4. Establishment. The City of Monticello Economic Development Authority
is established pursuant to Minnesota Statutes, Section 469.090 to 469.108 1, as amended.
ARTICLE II - THE COMMISSIONERS
Section 1. Appointment, Terms, Vacancies, Pay, and Removal. Shall be in
accordance with the Amended and Restated Resolution Enabling the Creation of the City of
Monticello Economic Development Authority dated October 22, 2007 and as it may be amended
(the "Enabling Resolution") and Section 2-3-1 of Ordinance Amendment No. 172, Chapter 3,
City of Monticello, Wright County, Minnesota.
ARTICLE III - THE OFFICERS
Section 1. Officers. The Authority shall elect a president, a vice president, a
treasurer, a secretary, and an assistant treasurer at the annual meeting. A commissioner must not
serve as president and vice president at the same time. The other offices may be held by the
same commissioner. The offices of secretary and assistant treasurer need not be held by a
16167111111M-1[$IIN A
Section 2. President. The President shall preside at all meetings of the Authority.
Except as otherwise authorized by resolution of the Board of Commissioners, the President and
the Executive Director (the Assistant Treasurer, in the Executive Director's absence or
incapacity) shall sign all contracts, deeds, and other instruments made or executed by the
Authority, except that all checks of the Authority shall be signed by the Treasurer and Assistant
Treasurer. At each meeting the President shall submit such recommendations and information as
he or she may consider proper concerning the business, affairs, and policies of the Authority.
Section 3. Vice President. The Vice President shall perform the duties of the
President in the absence or incapacity of the President, including signing all contracts, deeds, and
other instruments executed by the Authority; and in the case of the resignation or death of the
325599v6 MNI MN190-130
President, the Vice President shall perform such duties as are imposed on the President until such
time as the Board shall select a new President.
Section 4. Secretary. The Secretary shall keep minutes of all meetings of the Board
and shall maintain all records of the Authority. The office of Secretary may be held by the
Executive Director upon approval thereof by the Authority.
Section 5. Treasurer's Duties. The treasurer:
(1) shall receive and is responsible for Authority money;
(2) is responsible for the acts of the assistant treasurer;
(3) shall disburse Authority money by any Authority -approved method,
including without limitation check, wire transfer, or credit card;
(4) shall keep an account of the source of all receipts and the nature, purpose,
and authority of all disbursements;
(5) shall file the Authority's detailed financial statement with its secretary at
least once a year at times set by the Authority; and
(6) shall prepare and submit an annual report describing the Authority's
activities and providing an accurate statement of its financial condition to the City
of Monticello by no later than one month following the annual meeting of the
Authority.
Section 6. Assistant Treasurer. The assistant treasurer has the powers and duties of
the treasurer if the treasurer is absent or incapacitated.
Section 7. Public Money. Authority money is public money.
ARTICLE IV - EXECUTIVE DIRECTOR
The City Administrator- shall be designated as Exeetitive Dir-eeter- of the Attther-ity-.- The City
Administrator, or any other person designated in writing by the City Administrator and
approved by a majority of the EDA commissioners, shall be designated as Executive Director
of the EDA.
Section 1. Duties. The Executive Director shall have general supervision over the
administration of the Authority's business and affairs subject to the direction of the Authority.
The Executive Director in his or her own name and title shall keep the records of the Authority,
shall act as recorder of the meetings of the Authority and record all votes, and shall keep record
of the proceedings of the Authority in a journal of proceedings to be kept for such purpose, and
shall perform all duties incident to the office. The Executive Director shall, with the President,
sign all contracts, deeds, and other instruments executed by the Authority, and shall keep in sole
2
325599v6 MNI MN190-130
custody the seal of the Authority and shall have power to affix such seal to all contracts and
instruments authorized to be executed by the Authority.
Any person appointed to fill the office of Executive Director, or any vacancy herein, shall have
such terms as the Authority fixes, but no commissioner of the Authority shall be eligible to serve
as the Executive Director.
ARTICLE V - MEETINGS
Section 1. Regular Meetings. Regular meetings shall be held on the 2nd Wednesday
of each month.
Section 2. Annual Meeting. The annual meeting of the Authority shall be held in
conjunction with the regular February meeting at the regular meeting place of the Authority. The
August regular meeting shall include final fund balances reviewed at the Annual Meeting.
Section 3. Special Meetings. Special meetings of the Authority may be called by the
President, two members of the Authority, or the Executive Director for the purpose of transacting
any business designated in the call. All commissioners of the Authority shall be notified.
Section 4. Quorum. At any meeting of the Authority, the presence of four
commissioners shall constitute a quorum. If a quorum is not present at any meeting, those
present shall have power to adjourn the meeting from time to time without notice other than
announcement at such meeting until the requisite number of votes shall be present to constitute a
quorum. At any such adjourned meeting at which a quorum is present, any business may be
transacted which might have been transacted at the meeting as originally called. Any resolution,
election, or other formal action of the Authority shall be adopted upon the affirmative vote of a
majority of the Authority membership.
Section 5. Rules of Procedure. Unless otherwise specified in the Enabling
Resolution or in these bylaws, all meetings of the Authority shall be conducted in accordance
with Roberts' Rules of Order revised.
Section 6. Manner of Voting. The voting on all questions coming before the
Authority shall be voice unless the President calls for a roll call vote. The yeas and nays shall be
entered upon the minutes of such meetings.
ARTICLE VI - EMPLOYEES; SERVICES; SUPPLIES
Section 1. Employ. Subject to limits set by the appropriations or other funds
made available, the Authority may employ such staff, technicians, and experts as may be deemed
proper and may incur such other expenses as may be necessary and proper for the conduct of its
affairs.
Section 2. Contract for Services. The Authority may contract for services of
consultants, agents, public accountants, and other persons needed to perform its duties and
exercise its powers.
3
325599v6 MNI MN190-130
Section 3. Legal Services. The Authority may use the services of the city attorney or
hire a general counsel for its legal needs. The city attorney or general counsel, as determined by
the Authority, is its chief legal advisor.
Section 4. Supplies. The Authority may purchase the supplies and materials it needs
to carry out its function pursuant to Minnesota Statutes, Sections 469.090 to 469.1081.
Section 5. City Purchasing. The Authority may use the facilities of its city's
purchasing department in connection with construction work and to purchase equipment,
supplies, or materials.
Section 6. City Facilities, Services. The City may furnish offices, structures and
space, and stenographic, clerical, engineering, or other assistance to the Authority.
Section 7. Delegation Power. The Authority may delegate to one or more of its
agents or employees powers or duties as it may deem proper.
ARTICLE VII - POWERS
Section 1. Functions, Powers, and Duties. Shall be in accordance with the
Enabling Resolution.
Section 2. Limitations of Power. Shall be in accordance with the Enabling
Resolution.
ARTICLE VIII - AMENDMENTS
Section 1. Amendment to Bylaws. The bylaws of the Authority shall be amended by
a majority vote of the Authority membership at a regular or special meeting. The amendments
must be in written form.
Section 2. Conflicts. In any instance where these bylaws are in conflict with the
Enabling Resolution, the Enabling Resolution shall control.
Section 3
Authority.
Effective Date
Dated: , 2014.
These bylaws are effective upon their adoption by the
Signed:
President
(Seal)
4
325599v6 MNI MN190-130
Executive Director
325599v6 MNI MN190-130
CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2013-010
AMENDED AND RESTATED RESOLUTION ENABLING THE CREATION OF THE
CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
BE IT RESOLVED by the City Council of the City of Monticello, Minnesota ("City") as
follows:
Section 1. Background and Findings
1.01. The City is authorized by Minnesota Statutes, Sections 469.090 to 469.1081 (the
"EDA Act") to establish an economic development authority to coordinate and administer economic
development and redevelopment plans and programs for the City.
1.02. By Ordinance No. 172, approved April 10, 1989 and codified in the City Code as
Title II, Chapter 3 (the "Enabling Ordinance"), the City established the City of Monticello
Economic Development Authority ("EDA"), for the purpose of coordinating and administering
economic development activities in and for the City.
1.03. By resolutions approved on October 22, 2007 and January 14, 2008, the City
transferred to the EDA the control, authority and operation of all projects administered by the
Housing and Redevelopment Authority in and for the City of Monticello and adopted an Amended
and Restated Enabling Resolution (the "Enabling Resolution"), which superceded the Enabling
Ordinance in all respects.
1.04. The City Council further amended the Enabling Resolution after a duly noticed
public hearing on February 27, 2012.
1.05. The City Council has now determined to revise and clarify certain provisions of
the Enabling Resolution by the adoption of this resolution.
1.06. The City Council has, in accordance with Minnesota Statutes Section 469.093,
provided public notice and conducted a public hearing on the date hereof, at which all persons
wishing to be heard were given an opportunity to express their views, concerning the proposed
modifications to the Enabling Resolution.
1.07. This resolution constitutes an amendment and restatement of the Enabling
Resolution of February 27, 2012, and supercedes such Enabling Resolution in all respects.
Section 2. Enabling Authority.
2.01. The EDA was established pursuant to the EDA Act under the Enabling Ordinance as
adopted April 10, 1989 and codified as Title II, Chapter 3 of the City Code, as amended and restated
by this resolution.
2.02. The EDA shall be composed of 7 commissioners to be appointed by the Mayor and
confirmed by the City Council.
2.03. Two of the commissioners shall be members of the City Council. The terms of office
of the two members of the City Council shall coincide with their terms of office as members of the
City Council. The remaining five (5) commissioners shall be initially appointed for terms of one,
two, three, four, and five years respectively. Thereafter, all non -Council commissioners shall be
appointed for six-year terms.
2.04. A vacancy is created in the membership of the EDA when a City Council member of
the board of commissioners ends Council membership, when any commissioner ends EDA
membership prior to expiration of his or her term of office, on the day following the expiration of a
commissioner's term of office, or when a commissioner is removed by the City Council subject to
the terms of Section 2.07 hereof . A vacancy for this or any other reason must be filled for a new
term or the balance of the unexpired term, as applicable, in the manner in which the original
appointment was made.
2.05. All of the commissioners who are not members of the City Council must be either
residents of the City, business -owners in the City, or property -owners in the City.
2.06. All commissioners shall serve at the pleasure of the City Council, subject to the
terms of Section 2.07 hereof. Vacancies shall be filled by appointment by the Mayor with the
confirmation of the City Council.
2.07. A commissioner may be removed by the City Council for inefficiency, neglect of
duty, or misconduct in office. A commissioner shall be removed only after a hearing. A copy of the
charges must be given to the commissioner at least 10 days before the hearing. The commissioner
must be given an opportunity to be heard in person or by the counsel at the hearing. When written
charges have been submitted against the commissioner, the City Council may temporarily suspend
the commissioner. If the City Council finds that those charges have not been substantiated, the
commissioner shall be immediately reinstated. If a commissioner is removed, a record of the
proceedings together with the charges and findings shall be filed in the office of the City
Administrator.
2.08. The City Council shall make available to the EDA such appropriations as it deems
fit for salaries, fees, and expenses necessary in the conduct of its work. The EDA shall have
authority to expend all budgeted sums so appropriated and recommend the expenditures of other
sums made available for its use from grants, gifts, and other sources for the purposes and activities
authorized by this resolution.
Section 3. Officers and Meetings.
3.01. The EDA shall elect a president, vice president, treasurer, assistant treasurer, and
secretary annually. A commissioner must not serve as president and vice president at the same
time. The other offices may be held by the same commissioner. The other offices of the secretary
and assistant treasurer need not be held by a commissioner.
3.02. The EDA shall adopt rules and procedures not inconsistent with the provisions of
this Enabling Resolution or as provided in Minnesota Statutes, Section 469.096, and as may be
necessary for the proper execution and conduct of its business. The EDA shall adopt bylaws and
rules to govern its procedures and for the transaction of its business and shall keep a record of
attendance at its meetings and/or resolutions, transactions, findings, and determinations showing the
vote of each commissioner on each question requiring a vote, or if absent or abstaining from voting,
indicating such fact. The records of the EDA shall be a public record, except for those items
classified by law as nonpublic data.
3.03. The EDA shall meet at least quarterly. Special meetings may be called by the
president as needed.
3.04. All administrative procedures, including contract for services, purchases of
supplies, and financial transactions and duties shall be outlined in the bylaws of the EDA.
Section 4. Staff.
4.01. The City Administrator, or any other person designated in writing by the City
Administrator and approved by a majority of the EDA commissioners, shall be designated as
Executive Director of the EDA.
4.02. Subject to limits set by the appropriations or other funds made available, the EDA
may employ such staff, technicians, and experts as may be deemed proper, and may incur such
other expenses as may be necessary and proper for the conduct of its affairs.
Section 5. Functions, Powers, and Duties.
5.01. Except as specifically limited by the provisions of Section 6 of this Enabling
Resolution, the EDA shall have the authority granted it pursuant to the EDA Act.
5.02. The EDA shall manage the Greater Monticello Enterprise Fund (the 'Fund") the
purpose of which is to encourage economic development by making loans to private businesses.
The EDA shall make loans to eligible businesses, and such loan(s) shall serve a public purpose
as defined in the Greater Monticello Enterprise Fund Guidelines (Fund Guidelines). The Fund
Guidelines are hereby adopted by reference and included in the bylaws of the EDA. No changes
to the fund Guidelines shall be made without approval of the City Council.
5.03. The EDA may be a limited partner in a partnership whose purpose is consistent
with the EDA's purpose.
5.04. The EDA may issue general obligation bonds and revenue bonds when authorized
by the City Council and pledge as security for the bonds the full faith, credit, and resources of the
City or such revenues as may be generated by projects undertaken by the EDA.
5.05. The EDA may cooperate with or act as agent for the federal or state government
or a state public body, or an agency or instrumentality of a government or other public body to
carry out the powers granted it by the EDA Act or any other related federal, state, or local law in
the area of economic development district improvement.
5.06. The EDA may annually develop and present an economic development strategy
and present it to the City Council for consideration and approval.
5.07. The EDA may join an official, industrial, commercial, or trade association or
other organization concerned with such purposes, hold reception of officials who may contribute
to advancing the City and its economic development, and carry out other appropriate public
relations activities to promote the city and its economic development.
5.08. The EDA may perform such other duties which may be lawfully assigned to it by
the City.
All city employees shall, upon request and within a reasonable time, furnish the EDA or its
employees or agents such available records or information as may be required in its work. The EDA
or its employees or agents may, in the performance of official duties, enter upon lands and make
examinations or surveys in the same manner as other authorized City agents or employees and shall
have such other powers as are required for the performance of official functions in carrying out the
purposes of this resolution.
Section 6. Limitations of Power.
6.01. The following limits apply to the EDA and its operation:
(a) The sale of bonds or other obligations of the EDA must be approved by the
City Council.
(b) The EDA must follow the budget process for City departments in accordance
with City policies, ordinances, and resolutions and the City charter.
(c) Development and redevelopment actions of the EDA must be in conformity
to the City comprehensive plan and official controls implementing the comprehensive plan.
(d) The EDA must submit its plans for development and redevelopment to the
City Council for approval in accordance with City planning procedures and laws.
(e) Except when previously pledged by the EDA, the City Council may, by
resolution, require the EDA to transfer any portion of the reserves generated by activities of
the EDA that the City Council determines are not necessary for the successful operation of
the EDA to the debt service funds of the city to be used solely to reduce tax levies for
bonded indebtedness of the City.
(f) The administrative structure and management practices and policies of the
EDA must be approved by the City Council.
(g) The EDA shall submit all planned activities for influencing the action of any
other governmental agency, subdivision, or body to the City Council for approval.
6.02. The EDA may exercise all the powers under the EDA Act, including, but not
limited to, the following:
(a) all powers under the HRA Act.
(b) all powers of a city under Minnesota Statutes, Section 469.124 to 469.134.
(c) all powers and duties of a redevelopment agency under Minnesota Statutes,
Sections 469.152 to 469.165 for a purpose in the HRA Act or the EDA Act, and all powers
and duties in the HRA Act and the EDA Act for a purpose in Minnesota Statutes, Sections
469.152 to 469.165.
(d) the authority to acquire property, exercise the right of eminent domain; make
contracts for the purpose of redevelopment and economic development; serve as a limited
partner in a partnership whose purpose is consistent with the EDA's purpose; buy supplies
and materials needed to carry out development within the EDA Act; and operate and
maintain public parking facilities.
(e) the authority to issue bonds in accordance with the EDA Act and the HRA
Act.
(f) the authority to levy special benefit taxes in accordance with Section
469.033, subdivision 6 of the HRA Act in order to pay or finance public redevelopment
costs (as defined in the HRA Act), subject to approval by the City Council in accordance
with Section 469.033, subdivision 6.
(g) all powers under Minnesota Statutes, Sections 469.474 to 469.179.
6.03. As provided in the EDA Act, it is the intention of the City Council that nothing in this
resolution nor any activities of the EDA are to be construed to impair the obligations of the City or
HRA under any of their contracts or to affect in any detrimental manner the rights and privileges of
a holder of a bond or other obligation heretofore issued by the City, the EDA or the HRA.
Section 7. Implementation.
7.01. The City Council will from time to time and at the appropriate time adopt such
ordinances and resolutions as are required and permitted by the EDA Act to give full effect to this
resolution.
7.02. The Mayor, the City Administrator, and other appropriate City officials are
authorized and directed to take the actions and execute and deliver the documents necessary to give
full effect to this resolution.
7.03. Nothing in this resolution is intended to prevent the City from modifying this
Enabling Resolution to impose new or different limitations on the EDA as authorized by the EDA
Act.
ADOPTED BYthe City Council of the City of Monticello on this 25th day of March, 2013
CITY OF MONTICELLO
Clint Herbst, Mayor
ATTEST:
Jeft,0XV11, City Administrator
Schedule of Assets, Liabilities, and Fund Balances
Economic Development Authority
December 31, 2017
ASSETS
Cash and investments
Receivables
Unremitted taxes
Delinquent taxes
Accounts
Intrafund receivable
Prepaid items
Notes receivable
Land held for resale
TOTAL ASSETS
LIABILITIES
Accounts and contracts payable
Intrafund payable
Unearned revenue
Total liabilities
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - property taxes
FUND BALANCES
Nonspendable
Restricted
Assigned
Total fund balance
TOTAL LIABILITIES,
AND FUND BALANCES
(d) = decertified
CITY OF MONTICELLO
EDA TIF TIF TIF TIF TIF TIF
General GMEF Future 6 (d) 19 20 22 24
$ 2,016,687 $ 1,164,742 $ $ 712,941 $ 217,51' $ 101,438 $ 652,603 $ 120,279
1,302 - - - � - - - -
740
799,452
879 -
34,632 'A
2,066,190 163,200 -
$ 4,919,882 $ 1,164,742 $ $ ,941 $ 217,513 $ 101,438 $ 815,803 $ 120,279
$ 3,137 $ - - $ - $ - $ - $ -
- 4 - 386,574
- - 163,200
3 "' 4 97 - 549,774
740 - - - -
2,C ',069 - - - -
- 1,164,742 712,941 217,513 101,438 266,029 120,279
2,84 '- _ - (44,497)
4,91t,,05 1,164,742 (44,497) 712,941 217,513 101,438 266,029 120,279
$ 4,919,882 $ 1,164,742 $ - $ 712,941 $ 217,513 $ 101,438 $ 815,803 $ 120,279
(Continued)
Schedule of Assets, Liabilities, and Fund Balances
Economic Development Authority
December 31, 2017 (Continued)
ASSETS
Cash and investments
Receivables
Unremitted taxes
Delinquent taxes
Accounts
Intrafund receivable
Prepaid items
Notes receivable
Land held for resale
TOTAL ASSETS
LIABILITIES
Accounts and contracts payable
Intrafund payable
Unearned revenue
Total liabilities
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - property taxes
FUND BALANCES
Nonspendable
Restricted
Assigned
Total fund balance
TOTAL LIABILITIES,
AND FUND BALANCES
(d) = decertified
TIF
TIF
29
30
$ 107,592
$ 102,080 $
$ 102,080 $
$ 107,592
29,334
CITY OF MONTICELLO
TIF TIF TIF TIF GAAP Total
34 35 38 39 Reconciliation EDA
4,131 $ 1,989 $ $ 57 $ $ 5,202,052
- - - 1,302
740
- (799,452) -
- 879
34,632
- 2,229,390
$ ,989 $ $ 57 $ (799,452) $ 7,468,995
- $ $ - $ - $ 3,137
239,047 (799,452) -
- (163,200) -
239,047 (962,652) 3,137
- ' - - - - - 740
2,067,069
1k 592 (27,254) 4,131 1,989 (238,990) 163,200 2,593,610
_ - - - 2,804,439
im "92 (27,254) 4,131 1,989 (238,990) 163,200 7,465,118
$ 107,592 $ 102,080 $ 4,131 $ 1,989 $ $ 57 $ (799,452) $ 7,468,995
CITY OF MONTICELLO
Schedule of Revenues, Expenditures and Other Financing Sources (Uses)
Economic Development Authority
For the Period Ended December 31, 2017
EDA
TIF TIF
TIF
TIF
TIF
TIF
General GMEF
Future 6 (d)
19
20
22
24
Revenues
Property taxes $ 280,592 $
$ $
$ -
$ -
$ -
$ -
Tax increments -
,j93
18,074
264,228
42,782
Investment earnings 27,395 15,844
9,698
2,747
1,659
8,313
1,349
Interest on intrafund loans 18,814 -
-
-
-
-
-
Other revenues 10,846
-
Total revenues 337,647 15,844
-698
440
19,733
272,541
44,131
Expenditures:
Current
Salary and wages 75,683
-
Benefits 28,689
-
Supplies 79
Professional services - legal 15,247
P
-
-
57
-
Professional services - other 85,781
459
459
1,449
459
LPV Insurance 1,824
-
-
-
-
Legal and general publications '"34
34
34
34
Property taxes db
-
Marketing 250
-
-
Dues and membership 5,763
-
-
Utilities 807 I
-
236
IT services 3,212
-
-
Travel and conferences 033
-
Land adjustment to market
-
Other expenses 1
-
52,138
-
Excess increments -
-
-
134,114
Interest on intrafund loans -
-
-
-
PAYG payments to third parties -
-
6,507
45,503
-
Total expenditures 333,802
493
59,138
181,393
493
Excess (deficiency) of revenues over
expenditures 3,845 15,844
9,698
33,947
(39,405)
91,148
43,638
Other financing uses
Transfers out - -
-
-
-
-
Net change in fund balances 3,845 15,844
9,698
33,947
(39,405)
91,148
43,638
Fund balance at beginning of year 4,912,160 1,148,898
(44,497) 703,243
183,566
140,843
174,881
76,641
Fund balance at end of year $ 4,916,005 $ 1,164,742
$ (44,497) $ 712,941
$ 217,513
$ 101,438
$ 266,029
$ 120,279
(Continued)
Schedule of Revenues, Expenditures and Other Financing Sources (Uses)
Economic Development Authority
For the Period Ended December 31, 2017 (Continued)
Revenues
Property taxes
Tax increments
Investment earnings
Interest on intrafund loans
Other revenues
Total revenues
Expenditures:
Current
Salary and wages
Benefits
Supplies
Professional services - legal
Professional services - other
LPV Insurance
Legal and general publications
Property taxes
Marketing
Dues and membership
Utilities
IT services
Travel and conferences
Land adjustment to market
Other expenses
Excess increments
Interest on intrafund loans
PAYG payments to third parties
Total expenditures
Excess (deficiency) of revenues over
expenditures
Other financing uses
Transfers out
Net change in fund balances
Fund balance at beginning of year
Fund balance at end of year
CITY OF MONTICELLO
TIF
TIF
TIF
TIF
TIF
TIF
GAAP
Total
29
30
34
35
38
39
Reconciliation
EDA
$ -
$ -
$ - $
$ -
$ -
$
$ 280,592
24,242
10,032
203,857
X68
42,455
648,031
1,425
1,385
164
28
3
0
1
70,011
-
-
-
-
-
(18,814)
-
-
-
1 ,280
-
(109,280)
10,846
25,667
11,417
204,02128
1'. 951
42,456
(128,094)
1,009,480
•-
-
-
75,683
-
28,689
-
-
-
-
79
-
-
-
171
-
15,475
459
459
-
-
89,525
-
-
-
-
1,824
34
34
34
378
-
-
-
-
2,786
-
-
250
-
-
5,763
-
-
1,043
-
-
3,212
-
-
2,033
(109,280)
54,434
134,114
-
3,375
4,612
10,827
(18,814)
-
19,394
71,404
19,887
3,868
34
205
4,646
10,827
(128,094)
486,692
5,780
7,549
203,987
(177)
115,305
31,629
522,788
-
-
(200,000)
-
-
-
(200,000)
5,780
7,549
3,987
(177)
115,305
31,629
-
322,788
101,812
(34,803)
144
2,166
(115,305)
(270,619)
163,200
7,142,330
$ 107,592
$ (27,254)
$ 4,131 $
1,989
$
$ (238,990)
$ 163,200
$ 7,465,118
MINUTES
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, January 10th, 2018 — 6:00 p.m.
Mississippi Room, Monticello Community Center
Commissioners Present: Bill Tapper, Steve Johnson, Tracy Hinz, Jon Morphew, Jim
Davidson, and Lloyd Hilgart
Staff Present: Jim Thares and Angela Schumann
1. Call to Order
Bill Tapper called the regular meeting of the EDA to order at 6:00 p.m.
2. Roll Call
3. Consideration of presiding officer
Bill Tapper recommended postponing elections for officers until the annual meeting in
February. The EDA members were in consensus.
4. Consideration of additional agenda items
Bill Tapper requested adding Item 8, 9, and 12 to the Consent Agenda.
5. Consent Agenda
LLOYD HILGART MOVED TO APPROVE THE CONSENT AGENDA WITH
NOTED ADDITIONS AND REMOVAL OF ITEM D. TRACY HINZ SECONDED
THE MOTION. MOTION CARRIED, 6-0.
a. Consideration of approving Regular Meeting Minutes — December 13th, 2017
Recommendation: Approve Regular Meeting Minutes — December 13th, 2017.
b. Consideration of approving Special Workshop Meeting Minutes — December
13th, 2017
Recommendation: Approve Special Workshop Meeting Minutes — December 13th,
2017.
c. Consideration of approving payment of bills
Recommendation: Approve payment of bills through December, 2017.
d. Consideration of Acquisition and Relocation Services Retainer Agreement
with Wilson Development
Recommendation: ITEM REMOVED FROM THE CONSENT AGENDA.
e. Consideration of revised MIF (Minnesota Investment Fund) Loan Guidelines
Recommendation: Modify the MIF Loan Guidelines regarding repayment term
and equity and interest rate language.
L Consideration of revised SCDP (Small Cities Development Program) Loan
Guidelines
Recommendation: Modify the SCDP Loan Guidelines regarding repayment term
and equity and interest rate language.
g. Consideration of Purchase Agreement for 255 East Broadway Street,
1
Monticello, MN
Recommendation: Approve Resolution 2018-2 authorizing the purchase of the
vacant parcel of land located at 255 East Broadway.
5A. Consideration of Acquisition and Relocation Services Retainer Agreement
with Wilson Development
Lloyd Hilgart questioned being limited with only one option for service. Jim
Thares explained that it is a professional service and not required to have more
than one bid. Thares noted the amount of experience that Wilson Development
has especially with the City of Monticello.
Steve Johnson asked if there was a threshold to use these types of services.
Morphew commented that Wilson Development and WSB's services would likely
charge about the same, but recommended Wilson Development due to past
relationships.
Angela Schumann stated that these services would only be utilized on an as -
needed basis.
JON MORPHEW MOVED TO AUTHORIZE ENTERING INTO A
RELOCATION SERVICES RETAINER AGREEMENT WITH WILSON
DEVELOPMENT. STEVE JOHNSON SECONDED. MOTION CARRIED, 5-1
WITH LLOYD HILGART VOTING IN OPPOSITION.
Regular Agenda
6. Consideration of 2018 EDA Work Plan
Jim Thares stated at the last meeting, he received feedback from one commissioner and
accounted for it in the proposed 2018 EDA Work Plan. Staff also made other additions to
the plan. Thares reviewed the new items, but stated a primary focus would be on
implementation of the Small Area Study strategies.
TRACY HINZ MOVED TO ADOPT THE 2018 EDA WORK PLAN AS PRESENTED.
JIM DAVIDSON SECONDED THE MOTION. MOTION CARRIED, 7-0.
7. Consideration of revised Policv Statement for Available TIF Funds
Jim Thares stated the Master's Fifth Avenue project was identified in the adopted policy
as a "housing" project, but should be identified as a "redevelopment" project.
Adjustments were also made to the policy to make the document more professional.
STEVE JOHNSON MOVED TO APPROVE THE PROPOSED REVISED POLICY
STATEMENTS FOR AVAILABLE TIF FUNDS. JIM DAVIDSON SECONDED THE
MOTION. MOTION CARRIED, 7-0.
8. Consideration of revised MIF (Minnesota Investment Fund) Loan Guidelines
2
-Added to the Consent Agenda -
9. Consideration of revised SCDP (Small Cities Development Program) Loan
Guidelines
Added to the Consent Agenda -
10. Consideration of Downtown Business Improvement Program Loan Guidelines
Angela Schumann explained that staff were looking for feedback to better direct staff and
CMHP. She stated that staff put together a proposed program that would accommodate
fagade improvements for business vitality in the downtown. Schumann stated the
importance of making an attractive and useful program for property owners in the
downtown.
Schumann explained the basics of the program and noted that the EDA could make
changes. Under the proposal, the loan term would be five years. The loan would be
forgivable based on the term set and pro -rated by years that they remained in the
building. Property owners would need to have other financing as a primary source.
Schumann stated it was written to require sixty percent private sector commitment and
does not include equity in the building. The minimum borrower commitment is five
percent with a loan cap of forty percent. There was not a minimum loan amount
established and a loan interest rate is two percent. Loan participants would not be able to
pair with other EDA loan programs.
Loan fund uses include lease hold improvement items, renovations, and modernization of
buildings. A criteria is also proposed to help the EDA in selecting loan participants.
The geographic boundary for the program would include all properties within the CCD
District.
Bill Tapper commented that he'd like to see the EDA hire an architect to evaluate the
downtown and provide a vision for what would be appropriate to modify the facades.
Tapper also suggested putting together a very simple program to carry out the design. He
also suggested renovations to buildings be placed in a different category where it could
be determined if a building was worth being invested in. Tapper didn't want the EDA to
rush into a program without fulling understanding the big picture.
Steve Johnson explained his concern for small business owners being able to utilize the
fund. Schumann stated that if a property owner was interested in making changes to their
building they would likely hire an architect to help develop plans. Schumann also stated
that a workshop may be an option to further walk through design guidelines and to
provide a clearer scope for the program.
Tracy Hinz echoed that she would like to see a workshop meeting set up and to also
include downtown property and business owners in on this meeting. Steve Johnson
explained the importance of talking with business and/or property owners prior to the
workshop to showcase what the City would like to do in the downtown, but also asking
these people what they wanted to do and the assistance they would need to make
improvements.
11. Consideration of Purchase Agreement for 224 East 411 Street, Monticello, MN
Jim Thares stated an email from the property owner was received on January 8th asking
the EDA to be open to assuming the special assessments of $3,604.59
Thares explained that a purchase agreement has not been signed.
LLOYD HILGART MOVED TO LEAVE THE OFFER AS STANDS (AT $71,950).
JIM DAVIDSON SECONDED THE MOTION. MOTION CARRIED, 7-0.
12. Consideration of Purchase Agreement for 255 East Broadway Street, Monticello,
MN
Added to the Consent Agenda -
13. Director's Report
Jim Thares provided the Director's Report and noted the attached prospect list and
Northland Securities services and charge rate update.. Thares also added that the large
marketing sign in Otter Creek is currently being designed as a mock up by WSB.
Thares also explained that he would be attending the annual Wright County Economic
Development Partnership Meeting on Friday, January 19th and the Economic
Development Association of Minnesota conference from January 18th to the 19th
14. Closed Session — Consideration of recessing to closed session to develop or consider
offers or counter-offers for the purchase or sale of real or personal property
pursuant to Minnesota Statute 13D.05, Subdivision 3(c)(3). PID # 155010052131,
155010052110,155010052120,155010052102,155010066010
15. Adiourn
TRACY HINZ MOVED TO ADJOURN THE MEETING AT 7:54 P.M. JIM
DAVIDSON SECONDED THE MOTION. MOTION CARRIED, 7-0.
Recorder: Jacob Thunander
Approved: February 14t", 2018
Attest:
Jim Thares, Economic Development Director
2
MINUTES
SPECIAL WORKSHOP—MEETING
ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, January 10, 2018 — 4:30 p.m.
Academy Room, Monticello Community Center
Commissioners Present: Bill Tapper, Steve Johnson, Tracy Hinz, Jon Morphew, Lloyd
Hilgart, and Jim Davidson
Staff Present: Angela Schumann, Jeff O'Neill, and Jim Thares
1. Call to Order
Bill Tapper called the Special Workshop Meeting to order at 4:30 P.M.
2. Roll Call
3. Interview of EDA Commissioner Applicant
The EDA interviewed Olive (011ie) Koropchak for the open EDA position.
STEVE JOHNSON MOVED TO RECOMMEND TO CITY COUNCIL OLIVE
(OLLIE) KOROPCHAK TO THE EDA. LLOYD HILGART SECONDED THE
MOTION. MOTION CARRIED, 7-0.
4. Presentation by Central Minnesota Housing Partnership (CMHP), Jason
Krebsbach, Overview of CMHP work in administering Housing Rehabilitation
Programs
Jim Thares introduced Jason Krebsbach from CMHP. Krebsbach provided a brief
introduction and overview of CMHP. CMPH is a private housing, non-profit and
incorporated in 1993 and serving 16 counties. It was originally created to develop and
own affordable rental properties, but has since expanded to include pre -purchase
counseling and homebuyer education for first time homebuyers, rehabilitation programs
such as the Small Cities Development Program and the Home Rental Rehab program and
working more closely with individual communities to meet housing and community
development needs.
Discussion pursued about past projects CMHP has helped communities achieve and how
to potentially incorporate them into different housing projects and redevelopment
interests in Monticello.
5. Adiourn
STEVE JOHNSON MOVED TO ADJOURN THE MEETING AT 5:53 P.M. JON
MORPHEW SECONDED THE MOTION. MOTION CARRIED, 7-0.
Recorder: Jacob Thunander
Approved: February 14th, 2018
Attest:
Jim Thares, Economic Development Director
EDA Agenda: 02/14/18
5c. Consideration of approving payment of bills (JT)
A. REFERENCE AND BACKGROUND:
Accounts Payable summary statements listing bills submitted during the previous month
are included for review.
B. ALTERNATIVE ACTIONS:
1. Motion to approve payment of bills through January 2018.
2. Motion to approve payment of bills through January 2018 with changes as
directed by the EDA.
C. STAFF RECOMMENDATION:
Staff recommends approval of Alternative #1.
D. SUPPORTING DATA:
A. Accounts Payable Summary Statements
Accounts Payable
Transactions by Account
User: Debbie.Davidson
Printed: 01/03/2018 - 3:37PM
Batch: 00204.01.2018
Account Number
Vendor
Description
Monticello
GL Date Check No
Amount PO No
213-46301-443300 INITIATIVE FOUNDATION 2018 Endowment Contribution 01/09/2018 118555 2,390.00
Vendor Subtotal for Dept: 46301 2,390.00
213-46601-181100 RUSTECH BREWING COMPANY GMEF Loan Disbursement #2 - Final 01/09/2018 118566 40,367.79
Vendor Subtotal for Dept:46601 40,367.79
The preceding list of bills payable was reviewed and approved for payment.
Date: 2/14/18 Approved by
Steve Johnson - Treasurer
Subtotal for Fund: 213 42,757.79
Report Total: 42.757.79
AP -Transactions by Account (01/03/2018 - 3:37 PM) Pabe 1
Initiative
F0UN0ATION
Jim Thares, EDA
City of TNon iccll0
505 Walnut St, $tel
Mcmtieello MTS 55362-9922
Pledge ;Endowed}
Pledge Reminder
Invoice #
Invoice Date Balance
1 hank You tcs Monikello-s UDA for imluding the lnitim veFouadation In tix--jr r.z90 01)
?019 budgeL WL were askrd To send all itivoiir in Deccmher 20 T 7. Your
caetribl+ti()R v�:-' 14 ptavi difa rTT5FD-5rrimun—lry an eGoriomW dEVeIopnIetit in
Central minnMia.
Invoice Total 2,39U.00
F Arnount Due $2,390.00
iMPORTANT- Please milke payable to IniflaUve Foundation only and mail to;
InitiatIve Foundation
405 First Street Southeast
Little Falls, Mrd 56345
Phone, 32M32-9255
Julie Cheney
From: Jim Thares
Sent: Tuesday, November 28, 2017 5:40 PM
To: Julie Cheney
Subject: RE: Initiative Foundation Pledge Reminder $2,390.00
Attachments: 080917.EDAMinutes.pdf
Categories: Red Category
Hi Julie, please see the minutes of the August EDA meeting (4d). Payment in January of 2018 is fine. Thank you.
From: Julie Cheney
Sent: Tuesday, November 28, 2017 3:19 PM
To: Jim Thares
Subject: Initiative Foundation Pledge Reminder $2,390.00
Jim
Attached is a pledge reminder received from the Initiative Foundation for 2018. In the past this has been approved by
the EDA prior to payment. Payment is also usually made the first check run in January. Will that be the same?
Keep me posted.
Thanks,
JuCte Cheney
Finance Assistant
City of Monticello
763-271-3205
Julie.Chenev@ci.monticel lo.mn.us
AP@ci.monticello.mn.us
CTY Ot
R-Moi6&HO
Email correspondence to and from the City of Monticello government offices is subject to the
Minnesota Government Data Practices Act and may be disclosed to third parties.
I
MI UTI S
RWULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (FDA)
WedntSd,sy, Aug"[ 9th, 2017 - 6.00 p.m.
14-lir5is5ippi ROOM, ,1lcntiPe110 Con3nlu11it3' Center
Commissioners Presernt= BiIl Dem eulcs, Bill Tapper. S(e 'e Johnson, Tracy Hinz, Jon
lvinrTnccwJim D} ivids€}n, and Lloyd Hilgart
Staf=f PresZnt- Jim Th ares. Angela Schurmmmand Jacob Thunander
1. Call to Order
Bill Deme ulcs caIIed the tegu tar inceiing rrf the EDA IO order at 6:00 p. iii,
` - Roll Call
I. Con &idcrstion of additional aP-tnda items,
I ww.
4. C'nnscnt agenda
BILI- TAPPER MOVED TO APPROVE. THE CONSENT AGENDA. TRACY HINT
[:CONDED THEMOTION- MOTJON CARRIED. 7-0-
a -
-0_
a. Cam idieratiun of aV 100 Ving Regular N1cetinp, Miinutes- ,lulx. 12"1', V117
Reco aii n cndalion: Apps-v%:c i the Renoir Mecting [vli,iulcs - July 12 20 17.
h. Considerstivu 01'gop roN ift JoistllS eciai N-1col in MhiuIeF,-Ju1-,- 12c11.2017
Rew mmel dation- A pivovLd llie loin 1: Special %J eel ijig M +'Idles — J U I v 12 01 7.
c. C was i de rat i o n of aplrri)ving, payment of bills
Recommundatik1n: Approved the pvin ent ofbillk through JUIV, 217.
d. Cvnsidcrartion of a pUrEtying 2018 cant ril><ution to 1nitiati,4-- F43mndvktion
R;ccopnpnendaficm- Approved 52.390 albacarioil tch t[le I�litia�i~ c F�Fualda�ic�«_
c. C'nnsideryboij 01' a rovirt ay ntient to C'unin bsr t 6rotill
lkt eco men&tiow Approved paymcilt fbF $2_500.
Regular Agends
5_ Con gidcra.fiell of APam vaJ ni'Sma]1 Area Stud %- Plan
Angela 5 ch ommin stated th-21 a joint work-,41op was recomly field wifll IML' City Counc11.
Ire fVS130nsc fiOnl die III eetin& chan6.es %%real- made to Tile dmfs SmalI Ar" StudypUin.
Sdiumann staffed ifT-ccummcadL-d for aplxroval by ilie EDA. the plan would move to the
PIall 11ijig Cllmmis fork wiTh si Pwl)[ic Hcaring do bt field and Then final decision c ouId h
inade h the City Council.
DIFtAW REQUEST
TO: City of Itanticc'}lir Economic Development Authority
05 Walnut Street. Suite
klontic:ello. MN 55362
Atm_ Executive Direr -tor
DISBURSFtOFNT DIREC TION
The undersigned Authorized Reprusentativ'e of Rustech Brewing Company LLC'_ a
Minnesota lintited liability coni}pan` I;
Ofic-'orrinver'1. hereby atithorizes ani} requests }ou to
dishurse from provecds of the Loan. ill accordance with the terms of tilt Loan Agreement
hetweet} the City of \Iollticello Economic Development AtahoritN ('-l-ender") and the Borrm er.
dated as OfJUIN' 12. 2017 Ithe "Agreernent-;t, tile following amount to the tollov\ing person and
for the tUllomving, proper cost of the EWuiptricm:
I. Amount: 540.367.791
I Pavcc: Rustech I13'e\ ing COMIN111Y. I-1.('
3. I'urpo,e_ Equipment Purchase per ,Lkbinitted lmoiee from Mika Breoving and
Equipment Co. f wi�otce 001591-M-1. shoxirqu balance owed in the anzoUnt ot'w40,6-12.20)
all as defined and provided in the :agreement. The undersigmed further cfrtific to the Lender
that (a) none of the items li►r -Mitch the payment is proposed ter lie made has f6mied the basis #'()r
any pav77yent previously made Under Section ; of' the Agreement (Or Ix tirre the date tit' the.
Agreement); and (h) that eaLfi item for which the Imyttmil is proposed is F=tluil1mt:nt. c;ligibic For
funding front the proccc& of the Loan.
Dated; _ 1-3-2018 ►
13orrcrrtier's Author'iml Rcprc,,entcitive
�3 C4U(ro61. ISII
%I WNRJs' 1.116 IMN,323-7t i-- I
IUviel [14 4
MTKA BREWING AND EQUIPMENT CO
6022 CULLIGAN WAY PAGE 1
MINNETONKA MN 55345
PHONE: (855)773-2337 INVOICE DATE 10/12/2017
FAX: (677)560-2337 INVOICE NO 00350692
S RUS000 S
0 ATTN: BILL BURT H RUSTECH BREWING COMPANY
L RUSTECH BREWING COMPANY 1 105 W 3RD STREET
D 105 W 3RD STREET P MONTICELLO MN 55362
MONTICELLO MN 55362
T T
O 0 TOTAL DUE 40632.20
SLS 1
SLS 2
DUE DATE
DISC DUE DATE
ORDER NO
ORDER DATE
SHIP DATE
SHIP NO
MS
AB
10/12/2017
00001978
10/06/2017
10/06/17
000001
TERMS DESCRIPTION
CUSTOMER P.O.NUMBER SHIP VIA
CUSTOM TERMS
5BBL 2-V BREWHOUSE BESTWAY
ITEM ID
c
MEASURE UNIT OF
ORDERED
SHIPPED
UNIT PRICE
EXTENSION
00
1.00
1.00
37030.00
37030.00
5BBL 2 -VESSEL ELECTRIC BREWHO
SE
MASH/LAUTER TUN, KETTLE/WHIRLP
DOL
10BBL HLT, 20L GRANT, 20L HOP BACK
WORT/HLT/SPARE PUMPS, HEAT -EX
00
7 00
7 00
600.00
4200.00
ADD U S. ELEMENTS FOR KETTLE/HL
00
1.00
1.00
.00
.00
BREWDECK/PROCESS PIPING
W/FITTINGSNALVES/ACCESSORIES
INCLUDED IN BREWHOUSE COST
00
1.00
1 00
540000
5400.00
CIP SYSTEM W/PUMP CART
INCLUDES PIPINGNALVESIACCESSO
IF
00
3.00
3,00
4485-00
13455.00
5BBL JACKETED FERMENTER VESSEL
WNALVES AND ACCESSORIES
(continued on next page)
TAXABLE
NONTAXABLE
FREIGHT
SALES TAX
MISC CHARGE
TOTAL
WWW.M[Ka-oec.corn Customer
INVOICE
MTKA BREWING AND EQUIPMENT CO
6022 CULLIGAN WAY PAGE 2
MINNETONKA MN 55345
PHONE: (855)773-2337 INVOICE DATE 10/12/2017
FAX (877)580-2337
INVOICE NO 00350692
S RUS000 S
O ATTN: BILL BURT H RUSTECH BREWING COMPANY
L RUSTECH BREWING COMPANY 1 105 W 3RD STREET
D 105 W 3RD STREET P MONTICELLO MN 55362
MONTICELLO MN 55362
T T
O O TOTAL DUE 40632.20
SLS 1
SLS 2
DUE DATE
DISC DUE DATE
ORDER NO
ORDER DATE
SHIP DATE
SHIP NO
MS
AS
10/12/2017
00001978
10/06/2017
10/06/17
000001
TERMS DESCRIPTION
CUSTOMER P.O.NUMBER
SHIP VIA
CUSTOM TERMS
5BBL 2-V BREWHOUSE
BESTWAY
ITEM ID
Tx
CL
UNIT OF
MEASURE
ORDERED
SHIPPED
UNIT PRICE
EXTENSION
00
1.00
1.00
337000
3370.00
5BBL JACKETED BRIGHT BEER TANK
WNALVES AND ACCESSORIES
00
1 00
1.00
00
.00
BREW HOSE- SIZE/LENGTH TBD
00
1.00
100
6500.00
6500.00
FREIGHT(ESTIMATED)
SHIPPING TO CUSTOMER LOCATION
FULLY INSURED, INCLUDES ETIMATES
FOR IMPORT DUTIESIFEES
EST. 35 DAYS TRANSIT
Payment in the amount of S34,132,21 rec
ived
n 10/121201
Aia4---
Controller. Minnetonka Brewing an
I Eq
pment Com
any
Subtotal
69955.00
TAXABLE
NONTAXABLE
FREIGHT
SALES TAX
MISC CHARGE
TOTAL
69955.00 .00 .00 4809.41 .00 74764.41
Amount Paid: 34132.21 Net Due: 40632.20
Thank you for being our loyal customer!!
WWW.m a- ec.com Customer
Julie Cheney
From: Jim Thares
Sent: Wednesday, January 3, 2018 11:03 AM
To: Sarah Rathlisberger; Julie Cheney
Subject: Rustech Brewing Company, LLC - Funding Draw #2
Attachments: Equipment Invoice - Funding Draw #2.pdf; Fully Executed Funding Draw Request #2 -
Rustech - 1-03-2018 SIGNED.pdf
Sarah and Julie, this is the documentation for Rustech Brewing's Funding Draw #2 (final draw). The total amount
previously disbursed was $34,632.21. This draw is in the amount of $40,367.79. Please code the same way as in Draw
Request #1. 1 know Sarah reviewed this with me but I cannot find any information on it right now (looked high and
low)!! This will be the final draw for this loan, so the next step that I will work on is the repayment schedule (with
Sarah's help maybe..). Rustech has a principal and interest payment deferral until April 1, 2018.
Accounts Payable
Transactions by Account
User: Julie.Cheney
Printed: 01/18/2018 - 8:23AM
Batch: 00206.01.2018
Account Number
Vendor Description
Monticello
GL Date Check No Amount PO No
213-46301-431990 WSB & ASSOCIATES INC 2016 - 2017 Market Matching - Nov 2 12/31/2017 0 700.00
Vendor Subtotal for Dept: 46301 700.00
The preceding list of bills payable was reviewed and approved for payment.
Date: 2/14/18 Approved by
Steve Johnson - Treasurer
Subtotal for Fund: 213 700.00
Report Total: 700.00
AP -Transactions by Account (01/18/2018 - 8:23 AM) Page 1
WSB
City of Monticello
Attn: Wayne Qberg, Finance director
905 Walnut Street, S wte 1
Monticello, VIN 55392-8881
2015-2017 Market Marching
CL Acct 9213.46301,431980
City Staff Reviewer: Jim Thares
phase 0'.
Fee
Total Fee
Percent Complete
Billings to Date
Fee
Totals
Outstanding Invoices
Invoice Number
13
Total
Billings to Dake
Fee
Labor
Totals
Comments;
-r-' Xenia Avenj,e -';,j m. Sum 3A0 I Al iquap5w- MN a 16 17$:x'. �A 1 -'PA
December 27, 2017
Traject No; 0-OOOti-4Q
Invoice No -
IV r t
Li
17 to November 30. 21117
2016-2017 Market Matrhing Retainer Fee
9,600.04
100.00
Total Famed
9.800.40
Previous Fee Billing 9,1 DG. DO
Current Fee Billing
700.30
Total Fee
700.00
Tetal this Prase
$704,04
Current
Prior
Tata)
700.00
9,100,00
9,800.00
704.40
9,100.00
9,844,00
Total this Invoice
$700.40
Date
Balance
11 127!2017
738.00
7311AI)
Total Now Due
$1,43.00
Current
Prior
Total
700.00
9,100.00
9.80000
0,00
10,516.75
10.516.75
700.00
19,616.75
20,316.755
Approved by.
B.iicing a legacy - youry
Eauai 0pW.1j,iry Em..PLyer wSF3enq rc.'
Project 0-002596-340 MONT - 016-2017 Market Matchipg Invoice 14
Reviewed by; Bret Weiss
Project Manager_ James Gromberg
P$ge 2
Accounts Payable
i
ITYO F
Transactions by Account �� f
User: Debbie.Davidson MontiC
Printed: 01/17/2018 - 11:45AM oUP
Batch: 00201.01.2018
Account Number Vendor Description GL Date Check No Amount PO No
213-46301-433100 US BANK CORPORATE PMT SYS MN Econ. Dev. Assoc - 2018 Winter ( 01/15/2018 0 275.00
Vendor Subtotal for Dept: 46301 275.00
213-46301-438200 CITY OF MONTICELLO 7256-003 - 349 Broadway W - EDA 12/31/2017 0 13.66
Vendor Subtotal for Dept: 46301 13.66
213-46301-443300 US BANK CORPORATE PMT SYS Monti Chamber of Commerce - Nov L 12/31/2017 0 15.00
213-46301-443300 US BANK CORPORATE PMT SYS MN Econ. Dev. Assoc - 2018 Member 01/15/2018 0 295.00
213-46301-443300 US BANK CORPORATE PMT SYS Monti Chamber of Commerce - Dec L 12/31/2017 0 15.00
Vendor Subtotal for Dept: 46301 325.00
213-46301-443990 US BANK CORPORATE PMT SYS Domino's Pizza - Food for 12/13 EDA 12/31/2017 0 31.81
Vendor Subtotal for Dept: 46301 31.81
The preceding list of bills payable was reviewed and approved for payment.
Subtotal for Fund: 213 645.47
Date: 2/14/18 Approved by
Report Total: 645.47
Steve Johnson - Treasurer
AP-Transactions by Account (01/17/2018 - 11:45 A" Page 1
Vendor
Date of Tmnsaction t 1511?
CITY OF MONTICELLO
City Hall Card Transaction
Please attach the i nvaicef receipt and any other available documentation to this form,
To be completed by purchaser;
Amount
Orde purchaser name:
Tracy Ergen
Vicki Leerhoff
Rachel Leonard
Jeff O'Neill
Wayne Oberg
Sarah Rathlisberger
Jennifer Schreiber
ATigeia urnann
Jim T res
Jacob Thunander
I -it -f
Date apprDved
5peciat Project
Circle department cede:
101-41110
101.41310
141-41410
141-41520
141-41800
141-41910
101-41920
141-41944
213-46301
Circle expense code:
City Council
AdminiStration
Elections
Finance
Human Resources
Planning and Zoning
Data Processing
City Half _
Economic Development
421990
General Operating Supplies
431950
N8w5letter Services
431990
miscellaneous Prof Services
432200
'1433Q0
Postage
ra��443300u
u sCr p
443700
Licerfses and Permit$
4-43990
Mise. Other Expense
Other
Jim Thares
From: EDAM <infv@edarn_org>
Sent: Friday, January 05, 2018 4,42 PM
To: Jim Thare�,
Subject: Economic Development Association of Minnesota - Thank you for your order
Dear Jim Thares,
Confirmation for the er<ior placed on 115 2016
Click here for a printable view of the order.
The following is a description of the order:
Order Number is. 273972462
Ordered 1 products (see below):
Product Number, L6J,0P9
Product: 2418 Winter Full Conference
Quantity_ 1
PriCe Each: $275,00
Total Price: $275.00
Sales Discount (Early Bird Discount): (540,00)
Total; $276.00
Thanks
Economic Development Association of Minnesota
This is an automated email seal from EDAM. Please do not reply to this email. It has been sent from an ernail
account that is not monilored If you feel you have received this message in error, please feel free to oontacl us at
.nioeda
F, kkmojnlr- Developmem Associalion oi' Minnesota
All r�gistrabons mast be accompanied by full paymentlpurchase order to reserve your place at the event
Agenda p 7r1 rStii Fc.es Lodgi;7g Crodits
Join us in January to connect with the EDAM cornmurfity and kickstart the year with dynamic educations Learn
from te"ers ir the field with sessions focusing on Economic Development skiGfs and bijsiness incubatiorr I
entreprenearship. and celebrate the red pients of the Excallence in Econ ornic Development Awards.
Agenda
View the s pea ker bias
Thursday — January 18, 2018
7'30 - 8:15 am
8:30 - 8:45 am
8;45.9:45 am
9A 5 -10;00am
10:00-11:00
am
Registration and Continental Breakfast
Welcome by EDAM President
Plenary Session: Planning for Change. The Minnesota Viking
IEtffect
_ - I I,._, ommunity Development Director, tiny of Eagan
President. Vint Mankato. .� i t�n1 k-- -� r. President & CEO, Eagan Conver,tson &
Visitors Bureau
Break with Exhibitors
Breakout Sessions: Choose One
Selling & Marketing City
Owned .and: Lessons
Learned by the City of
Ramsey
Patrick Bfarna, Assistant City
Administratorl Economic Development
Manager. City of Ramsey
The City of Ramsey closed 10 land
transactions in me pas`, four years
totaling 30 acrek and $5 14M n sales
The Cizv has four other rand
transactions under COr)tfaCt tOtlaY
Business Incubation -
Hutchinson Case Study
{1.0 AICP Creditj
fvtue�, Sepper., Ecarsemic Development
Director. City of Hutchinson
The ses5;iorn will examine two
suc<:e5sful busrne5s development
'r9ifiatives Hutthinson's '-Juice Staft
Downtown" raus'r)ess plan contest, a
virtual business incubation caorrcept
inat resulted In two new businesses
on Main Street Hutchinson and the
hup:flwww,edam.org/events/E-entDetaiIs,aspx?id=1001999 1/11/2018
Economic Developnient AsS ciation of Minne,, eta
11.00 - 11:15 am
11:15-12:15
PM
totaling 14 ages, and $1.411+1 in sales.
The Crly has over 140 -acres of
additional land available fbf purchase
today with a 13M asking price. Based
on this experiernce, the City has
learned plenty Df lessons over IN past
four years. This presentation will dive
into t11e lessons learned by Ramsey.
including developing template
purchase agreement documents,
adopting closed -Session
pricinglnegotiation strategies,
obtaining development shovel -ready
documentation, adopting marketing
strategies, and establishing an
effective process for reviewing land
transactions by various public
commissions.
Break with Exhibitors
Breakout Sessions: Choose One
What it Means to Be "Shovel
Ready"
0 A AiC P C red it)
Kylle Joroan. Regional Business
Development Manager, Minnesota
Department of Employment and
Economic Development DEED)
:.=1, , ,r-.lw, Economic Development
Coo rd1natnr, WSB & Associates
Everyone t1as beard the term "shovel
ready" in relation to a greenfield site,
but what does that mean? How does
being shovel read help a busineSS
speed L* heir abAty to budd4 ' There
are 5everat surveys arra reports
required in a shovel ready program,
bul most economic developers don't
have engineering backgrounds that
can help them understand why. This
session will offer an overview of
technical documents like:
Page 4 of 1 I.
newly built Hutchinson Enterprise
Cinter, a 20,400 square foot "next
generation" small business incubator
in the city's industrial park_ The
prasentatkon wait Include Int4rmation
about business incubation as an
economic development stbraleg y, key
stepS in developing similar programs
in your community, and pitfalls to
avoid.
Saint Pall Innovation Cabinet
(1.0 MCP Credit)
Uarc �+ Sure: , Senior Project Manager,
City of Saint Paul
This session will explore the Saint
Paul Innovation Cabinet's work tttiat
resulted In th8 creation of Fuli Stack
Saint Paul. an action plan to
implement targeted strategies to
expand the technology and innovation
sectors in the city. Full Stacy Saint
Raul is a prnystetpsibficpartne4rshi.p co -
led by the City of Sault Patel and the
Saff,t Paul Area Chamber of
omrnefoe U# at provides a full range
of services to #yelp teeth and innovation
businesses stark and scale up in Saint
Paul prom helping a business find the
perfect office space, to facilitating
connections between btrsine?s
leaders, to alignfng star: -ups Wit�
http://v�ww.edain.org/events/EventDetaiIs.aspx?id=I001999 1/11/2018
Ei nnoinic Developmem Association of Minnesota
12:15 - 1:45
R
1:45 - 2:00 pm
2:00 - 3:00
P
-Geotechnical reports
-ALTA surreys
-EAW vs. EIS yrs. AUAR
-111me I & II Environmentals
-Archealogical studies
-Endangered species studies
Each of these survey slreports is
critical to companies looping to build in
your industrial park. The speakers will
discuss what each is, why a's
necessary, and where you can save
time, money and effort in
commissioning them.
Page 5 of 11
resources to grow their businesses, to
supporting the next generation of tKh
Went, Full Stacie Saint Paul helps
establish Saint Paul as a place where
businesses can locate and thrive.
Goals of the action plan include 2,000
tech -related jobs added by 2020 and
200,000 square feet of additional
modern office space in Saint Paul.
EDAM U Lunch & Keynote: DocuMNtary Producer Nick Roseth
Nva Rrr +,Chief Operations Officer, SWAT Soiutjon
Posetti will explore tree local eritrepreneunal ecosystem, publicfprnvate
partner0ips, Dus++gess an it :alenT attracti arVTetentio n. and more Beed on ht9 work
cn '- - .. ' ' - , . a docurnentafy about The tech industry in Minnesota. Nick wild also
di�cuss why Merl nesota is a great p;ace to set down foots. grow a taTeeT. and start
a business. As we look at 2016 growth and new Challenges. Nick wrtr address tl�&
value �if diversity, social equality, developing the greater Minnesota economy, and
bridging the gap between small businesses acrd the enterprise.
Break with Exhibitors
Breakout Sessions: Choose One
Economic Development and
Strategic Planning in Low
Income Com rrrunities
0.0 AICP Credit)
N9vr[c 'vers, President. Northside
Econornic Opportunity Network
(NEON)
Strategic Economic Development can
improve the quality of life and ell -
being within the community as well as
Dade in Minnesota: The
Growth of Three Local
Entrepreneurs
(1A Al P Credit)
WeS" UMUS, Owner & Cc -Founder,
Primp; 3or n Gvermeor, Co -Founder,
WOODCHUCK USA. : _ son Dayton,
Co -Founder, Minneapolks Cider
Company
http://A-ww.edam. orgJevenWEverrtDetaiIs.aspx?id=1001999 1/11/2018
Ecortotnic Development Association ofMinrie )ta
3,00- 3:15 pm
build an infrastructure to sustain job
creation. There are key elements
othin the strategic ecunornic
development ptocess that contribute
toward suoss, one being how the
data drives economic change This
session covers the basics of
understanding flow to navigate the
creation of partner5hip5 and T-esvurces
needed to create opportunities to
ensure economic development Is
feasible, data -driven and sustainable.
Break with Exhibitors
Page 6 of'[ L
A moderated panel of three local
entrepreneurs including the founders
of PRIMP Boutpque, Woedehiick USA,
and Minrteapolis Cider Company wiill
speak to their experiences in business
plan development. ske(s) selection.
and working with cornmunities through
permitting processes arrd brand
piromQtion-
http://www.edam.org/eveiits/EventDetai Is, aspx?id = I x{11999 1/11/2018
Economic Development Association of Minnesota
3:15 - 4:95
PM
Breakout Sessions: Choose One
How Much is Enough?
Protecting Local Resources
in Publicly Financed
Development Projects
(1,0 AICP credit)
)&son Aarsvold, Municipal Advisor.
Ehlers; jarrres Lvlr-r -,,Drf, Mar}icipal
Advisor, Ehlers
Public financial participation In private
development prolects can be a
challenging endeavor. Determining the
appropriate tevet of public assistance,
oegobating with developers, and
articulating the need for assistance to
thL- City CotimeH eind othef commr,nity
members are just a few of the issues
local economic development
practitioner-} mus# navigate. This
session will explore sofne of She best
practra---s involved with fielding
fegoests For public assistance that an
txelp set your mrnfnunity on a path
toward successful and fiscally
responsible development ootcames.
http:l/w�,w, edam -orale-env,'1:ve t(Delails.asp ?id=1001999
Page 7 cel` I 1
Business Incubation
Programs Utilizing Existing
Rental Properties
11.0 AICP Credit)
Joxa S ;-2ison, Director of Marketing,
Comrnun4 and Economic
Development Associates (CERA),
{3as3r S emor Vice President.
Community and Econvrnic
Development Associates (CERA)
This session will provide relevant
information about Stewartville.
Minnesota's new Business incubaborp
Program including research
conducted, grant dollars received.
prograrrm guidelines finalixea, and
regional collabGrations establisttea.
Tbe program was created to
encourage the creation aria support of
new fo(-pral businesses that --Antall
and enhance a sustainable ane
diverse ousiness chrratie Yvithin the
City's business/commercial district.
This goal is accomplished by providing
business owners with education and
rental asslstam:e to increase
opportunities for long-term success
while Filling currently vacant
commercial properties In the
community. As the first year of
business can be the most difficult- the
program is stnictured to last 18
months. The City partnered with
Community and Economic
Development Associates to provide
education in busiriess core
competencies in addition to receiving
a $9,000 grant from the Southern
Minnesota Initiative Foundation to
implement the program.
1111/2(}18
Economic Developmtiu Association of Minnesota Page 8 of 9 1
4:15 - 6:00 Excellence in Economic Development Awards & Reception
Pm
Friday —
Januaryl ,
01
7:30 - 8.00 am
8'00- 8.30 am
13:30-9:30 am
9;30 - 9;40 am
9:45 - 10: 45
am
Help us honor this years accomplished award winners! Drinks and hors if'cuevres
will be served
Continental Breakfast
Conference Prue Entry
Plenary Session: Legislative Update
Kevin WaIli, Shareholder, Fryberger Law Firm; Sen Parra Anda -son IR1 Drstrier 44;
Rep. Tim Mahoney (Lrl-L) LUistrict b,"A; H,�� P ?Y Scott {N) otstnr~t356; Sen
David 7oma 5soni (DU LI C)iWICf 0
Break with Exhibitors
Breakout Sessions: Choose One
Land Use Planning
Economic Development -A
Practical Outline
(1.0 AICP Credit)
Atr8rr;�iir AIgad, Execufiv! Directar,
Worthington Regional Econorrna
Development Corp . Rr;�d C-hq;'01S,
City Aaministratot. City of Baxter
Public investments in transportation,
water, sewar, industrial and
commercial parks. energy and other
Witities all must be- strategically
ptanned to addresses Iorig-term
impacts on land value, location in
ttlationship to existing and fvtLff land
uses, and the puWntial to coni riblite
etfeclNeIV to the tax base and QuaJity
of life. Irl fight of limited rasources.
proper p4inrxing is needed naw more
than ever to adapt blue prints that
guide ! resource aIlocatinn to create the
fiighest possible return on investment.
From Start Up to Second
Stage, Helping Entrepreneurs
Grow
Efrse Ducbi i , Eco Development
Project Coordin-abr, Hennepin County
Atter trying other economic
development programs fof small
businesses in the mid -2000s without
mach success, Hennepin County
began to invest in initiatives that
placed strategic emphasis ori
businesses with the hlgh8stjob growth
potential white pravidirig for the
continued cultivation of envepfenaum.
In 2011 the County partnered with
two etgarrr ations to provide programs
to entrepreneurs with businesses from
Mart up to second Mage. These
programs have now 9ro fl to multiple
counties in the metropolitan area.
helping hundrads of local businesses
with services technical assistance,
http:/A&- .edai-n. orglevents/LventDetaiIs,aspx ?id =100IX399 1111/018
Fcopiv»62 Cie%-elr)pp- icni Association oi' Mir+ne ioia
10:45 - 11:00
am
11:00 - 12:00
PM
12:00 - 12:30 pm
Fees
EDAM Member
Non -Member
Platting of road right of ways and
provision of infrastructure not only
adds value to the tax base, but it puts
the community ahead in terms of
responding to business needs.
Thinking and acting strategically about
Land Use enables communities to be
ready for growth while niinimizing
adverse land use impacts.
Break with Exhibitors
page 9 01-11
access W capital. customized data
and research, and peer ~earning.
Plenary Session: Awards Recipient Project Presentations
Conference Prize Giveaway
Sponsorship & Exhibitor Opportunities
There are a variety of choices available to fit any budget. Learn mors and reserve sporrsotship and exhotor
opportunities.
Lodging
DoubleTree Minneapolis Park Place
1500 Park Place Boulevard
Minneapolis, MN 55416
Cutoff Date: ,!angary 9, 2018
Doom Block; January 17-19.2016
Rate- 6119 - S139 per Tright depending ori room type
EDAM has secured a special group rate of 5119 - 5139 per night at the DoubheTree Parc Place Minneapolls,
for a limned number of rooms.
http:lluW W'edZtr n'0rglevewgE-ventI3!tai Is.aspx?id= 1001999 1/11/2018
Econoinic Development Dissociation of Minnesota
To reserve your room:
• Book oniirle
• 'Via phone- Call 1-500-245-9190 and mention the "EDAM 2018 Conference" roots block.
Credits
Page t 0 of 11
AICD: EDAM has received approval for credits through The AmerICan Institute of Certified Planrter5 (AICP)
For selected sessions for
Certification Maintenance (CSI) credits See session descriptions.
NDC= Each day of participation in the EDAM 2018 Winter Confererlae has been approved by the hiational
Development Council (NDC) far 1 recertification unit.
IEDC: The 2018 EDAM Winter Conference is a recognized recertification event by the Internation8l Economic
Development Councit (ILUC),
Caacellatlon Policy: With written cancellatren riolice. received no lalerthan January 8. 2ff18. you will receawe. a full relund, less a 535
odlI5iT1121ratFwu charge CRm❑ellatron!t altet that date are rioniefun4able. Srrbslilulion{ wi1I lye allovied by €arrK--company attendees d
EDAM is notified before their IrlivaI No -snows wall trot roCklve a refund
PCI Carnp1mnce= F- [JAM has taken the approprialr~ steps to rnaintain PCI mrnpjianfe, In order 10 prou=d y❑ut p&acy. (lease do nos
email your crecil raTd mrormation iv quT 0111ER
Audrrx+Wtleo Policy= Registra4bn ansa atlo"danca at. or Darlicipalion Ar assooaIisn c -vents constlluaos an agrecmenl by the registrant Io
asaooakvrCr, use and distribut+on of the reg i5lydnl or 21f@f1d2 5 image or voice in pho"raphs, vid4polap2s, Ncr clrbmc reprotluctrons and
audiotapes Df such events and activities.
LATEST MEWS MORE EDAM EVENTS MORE
115i2ols 1117Q1018
112&1 B St Pate I -1x Emerging Prgles5iunatS
Chionges and EcDnarnlc MRterConreFence Kickoff
lmpatts Happy Hour
1aw18 1111 i#018 * 1PIN2016
Custom Bagfitlers makes 2018 EDAM Winler
plan to expand In mjgj>le Conrersnc&
Lake
http:lh;ivy+ .edam.orgleventslEventDetaiIs.aspx?id=1001999 1111/2018
Debbie Davidson
From: noreply@merchanttransact.com
Sent: Friday, December 8, 2017 8:58 AM
To: AP
Subject: Your bill from City of Monticello, MN is ready.
Attachments: 121171NSERTS.pdf
City of Monticello, MN
505 Walnut St, Ste 1
Monticello, MN 55362
763.271.3228
8AMto4:30PM
Account Information
Account:
Name:
Service Address:
Service Period:
Billing Date:
Due Date:
Meter Reading
Serial
53321062
Current Charges
007256-003
MONTICELLO EDA (213-46301)
349 BROADWAY W
11/1/2017 to 11/30/2017 (30 days)
12/7/2017
1/1/2018
Previous Reading Current Reading
Date Reading Date Reading
11/1/2017 188496 12/1/2017 188496
Water:
Water: CITY WATER - NON-TXBL
Water: ACH Credit - Auto Pay
Water: E -Bill Credit
Sewer: SEWER - COM/MONTHLY
Sewer: SW DISCHRG FEE - COM
MONTHLY 2%
Total Current Charges:
Bill Summary
Previous Balance:
Payments Received:
Adjustments:
Current Charges:
* Total Amount Due by: 1/1/2018
* This was the amount due at the time of billing.
To view your amount due at the current time and make a payment click here.
Auto payment is setup for this customer account, do not pay.
1
Cons
0
$0.00
$6.45
($0.50)
($0.50)
$8.05
$0.16
$13.66
$13.66
$13.66
$0.00
$13.66
$13.66
Vendor__ftha' h��
Date of
Transaction
20i1
CITY OF MONTICELLO
Ghost Card Transaction
Ice/ receipt and any other available documentation to this form.
irchaser:
Amount 4
Circle purchaser name;
Debbie Davidson
Juli�Che
Expense Code
2-[S, W.3, ., f L4
re
At 64
2-[S, W.3, ., f L4
Monticello Chamber of Commerce
PO Bax 192
205 Pine Street
[Monticello M1 55302
Bill To
Accounts Payable
Monticello City of
545 Walnut Street Suitt #I
Monticello, MN 55362
Description
2017 Chamber Lunch- Dercmber I'l&-I CC (Jim Z'hares)
V FEE I rn,
ThAVA yew &e _WW {-0 ItlM t to- We MantiCfrfa ChAr•bdr aFCa Meree 6 4nduitV5, TI+r Honxralffa C9saMW
• reftenu Nw s tteYth OI bmineu " WrrtF to "rLgowh Galin U29S and gtin LdU rR:OW.,CJ p/alpdrity_
Montce.RS [han+Htr it PFVwd to sore m the 'Front dyer to ~ r -t tawnnunity. Yke k -e 4ee it A M44rYi Far
kgineilaF, mf -dg. s il—f Ni%ptJWE dikt. prariding ArLd irL"plt whew[ [Fe area, encadrmi.L'q tC0�41odc
rtid caMrraruty - rawok in AaAVOi to 9nt7vsias6ea4 wereawiAo NFiwy to tki area
Imvmcslel
Date Invoice #
1212012417 11427a
Due Date
11412018
Amount
IS,OU
Total $1 '00
763-295-2700 rnarcy@rnonticellocei.com http://www.monticellocci.com
Julie Cheney
From:
hm Thares
Sent:
Friday, December 29, 2017 8-26 A
Ta:
Julie Cheney
Subject:
FSE: Monticello Chamber Inv# 11427a $15.00
Julie, yes this is okay to pay. Please code to, 213,46301-443990
From: Julie Cheney
Sent: Thursday, December 28, 2017 3;55 PM
To: Jim Thares
Subject: Monticello Chamber Inv# 11427a $15.00
Jim
Attaches! is Inv# 11427a from the Monticello Chamber for the December lunch you attended. Okay to pay $15.00?
Please provide coding,
Thanks,
Julie C'heviev
Fiwnce Assistant
City of Monticello
763-271-3205
J+iIiP-,Cheney @ ct.monticeIlo_mn,us
AP @ ci-Mori ticello, mn_us
i
11F
{
Montl
Email correspondence to and from the City of Monticello government offices is subject to the
Minnesota Government Data Practices Act and nwy be disclosed to thirdpat-ties.
Monticello Chamber of Commerce
PO Box 192
205 Pine Street
Monticello MN 55362
Bill To
Accounts Payable
Monticello Cominunit emer
505 Walnut Street Suite 4
Monticello, MN 55362
t�escr�tipn - -
I
2017 Chamber Lunch - Llcccmbcr 146 --MCC (Ann Mdrsack) -
' rig
M#Ak y"P FW yPNF rV MMfba t m the Ma tk Jrp 4 6WNF Of COFA tFtg & industF!j. The MuntitffIP GAAMW�
rMV494-0! 04 an"gh Pf bWgM ss w d We I to rtraKftAg . 6K . gSW Mai Atim detr r"fi f rF pgrity-
Ma tjegff4 GhAu bfr ityrowd to iirve ed the -(r lase' to a r 17nR fey.... itb. The tkPFn6eF is A MWNF1 far
h4inerV4, rgFd4�t€ "yiPWS alils, P"Vie ing infer Abm a d :noir t 40,t 04 dimm. C+ owraying eaannrwic
&Ad caMr.54niCJ3 .q Ok an Additi0. t4 weJcomiwg Mr:m+i to 0%.4reA
I
Total
Date Invoice #
12i20i2017 11426a
Due Date
U4J2018
Afnount
is.001
$15,00
763-295-2700 marcy monticellocci,corn http-://www.monticeilocci.com
Julie Cheney
From, Ann Mosack
Sent. Monday, December 11r 2017 10;30 A
To: Julie Cheney
Subject; FW; Confirmation; 2017 Chamber Lunch - December 19th --MCC
Categories- Red Category
t7en they bill us please code to 226-45122.433100_ Thanks!
From: info @montice Ilocti.com fmaiIto, info@monticellatci_com]
Sent: Monday, December 11, 2017 10-28 AM
To: Ann Mosack <Ann-M0s.ack ci.rnonticello_mn.us>
Subject: Confirmation; 2017 Chamber Lunch - December 13th --MCC
Registration Confirmation
Your registration for 2017 Chamber Lunch - december 19th --MCC has been received_
Confirmation IN umber: e.1243-5660.49939
Primary Contact, Ann Mosack (AMonticeiio Comrrrtrrrrly Cerner)
Add to Calendar
Edit Registration
Summary
Item Description auanti ty Total Amt
Chamber Lunch, Member Arm Mosack 515.00
Total- $16 06
2017 Chamber Lunch - December 19th --MCC
TOPIC; Coreg LaVallee on the dangers of distractive driving
Tuosday, December 19th join us for Chamber Lunch at Monticello Community Center from 11.30 am - 1 pm.
CATERED BY: Von Hansen's Meats
MENU- BUTCHERS CARVED HAM, SLICED $EEF AU JUS SANDWICHE 9, CREAM COR
CASSEROLE, TOSSED SALAD
GARLIC HERB MASHED POTATOES, FRESH BADGED DINNER ROLLS, POP, COFFEE, AND
BOTTLED WATER. P MPKIN PIE, BROW HIES
BUSINESS LUNCH SPONSOR: If you want to to be recognized as the Chamber Lunch Sponsor contact the
Chamber Office - Fee $100.
Treasure Chest Drawing
hal sets our chamber apart from others? Our members become FRIENDS! Meet new rrrerrrbers of the business
communify and dd friends face to Pace while you enjoy a delicious iurrch, We have a d ffereru speaker arra topic that
pertains to busyness each month. Bring your staff or fnends, chamber L tinrch is open to all anyone.
Bate:
deCerober 19. 2017
Time:
11 -30 AM - 01:00 PM CST
Website.
Monticello Qhamber
LoCdtion;
Montio9110 Community Center
505 Walnut St.
Mondoelfo, MN
Contact-
Monikello Chamber (763) 2WZ700
Email,
infa{F monligtkprci com
Dateffime datatls,
Tuesday, december 19th
11:30 am Registration & Buffet dinner
12.00 Program Begin&
FeeslAdmission, $15 00 per person
Thank you for supporting our Chamber Pvew Marcy and Marie
Quik lore for More 1nfoirn@tiQq
Add to Calendar
Thank you
Mantwallo Chamber of Cornmerca and industry
Merchant. Monticello Chamber of Cominerce & Industry
205 Pine Street PO Bax 192
Monticeflo, VIN 55362 76329527DO
us
Ord o, Inform e',un
nescrlpifon' Monticello Chamber Dec lunches, Ann MasacK & JIrw Tha res
Order Number: P_D_ Number
Customer 11); Irwolce Nurnber-, 1'426a. 11i427a
1311 ling Information Shipping Information
Julie Cheney
Olty of ModMlerelb
Paymeni Inform-_-.:;
Datamme;
Transaction ID;
TraIsaction Type:
Transonl'on Status:
Authorization Code;
Payment Method:
04-Jnn-2418 08:48'46 PST
60867629982
Authorization wf Auto Capture
CaptuiedlPending Setltarnenr
071197
Vi &a XXXX8769
Shipping: 0.00
Tax; 0_04
Total: USD 30.04
Vendor
Date of Transaction
CITY OF MONTICELLO
City Hall Card transaction
Please attach the linvoice/receipt and any other available documentation to this form.
To be completed by purchaser:
Amount
Circle purchaser name;
Tracy Ergen
Vicki Leerhoff
Rachel Leonard
Jeff O'Neill
Wayne Oberg
Sarah Rathlisberger
Jennifer Schreiber
Angela Schum xu —
Jacob Thunander
-
E loyeeSigna ture
Superui r ignak re
. . V
Oate approved
Special Proj40 # or Nscripti¢n
Circle department code -
101 -41110
101.41310
101-41410
101-41520
101-41800
101-41910
101-41920
101-41
213-46301
City Council
Administration
Elections
Finance
Human Resources
Planning and Zoning
Data Procpsring
City Hall
Economic Development
HRA
Circle expense code:
421990
General Operating 5uppties
431550
Newsletter Services
431990
Miscellaneous Prof -Services
432200
Postage
433100
TraveJ/Trainin Expense
-
���—
�
Dues Me-mitegrRrrnits��
— License an
443990
Misr. Other Expense
Other
Economic Development Association
of Minnesota
Bill To
Jim Thares
City of Monticello
505 Walaut Streel
Suite #1
Monticello MN 55362
United States
Individual Mernbership
Invoice
Date lnvaice #
1212712017 300000921
Member Information
Jim Thares
City of Monticello
505 Walnut Street
Suite #1
Monticello, MN 55362
U411tad slates
PO Terms Due Date
Due on receipt 12127i2017
Description I Amount
Payments/Adjustments
$295.00
Total 1 $295.00
Descfiption
Amount
Payment via Credit Card (using card xxxxxxxxxxxx0490)
Appiiedl a ++i voice on I1Y271WI T 5-46:79 PY
($295.00
Total Payments+Adjustments
($295,00
Balance Due
4246 Park Glen Road
Minneapolis, MN 554ifi
P: (952) $284 640 F: (952) 929-1318
VISA MasterCard
uard Nurrher
-ode (required}
Naine on card_ Signature of card holder, Card holder Phorle
Expiration No
dlijlt SBCUFIty
Date of
Transaction
CITY OF MONTICELLO
Ghost Card Transaction
Invoice/ receipt and any other available documentation to this form.
>y purchaser:
......re:
Debbie Davidson
Fxpense Code
/o/ qUI(f) qcl,-�300 - 4,�kz.60
Ami icel to Chamber of CDmmercc & lnduslry
U1'** fq monticellct PO Box 192
;e V. 20 Pine St
C'M*01iUhMnpIlp4Ltln ML)LnLiCC[1U pita 35x62
Bill To
Accounts Payable
Mantic e1 to Citi° of
505, Walnut Stmt suite # L
Monijcell0, MN 55362
OPTIONAL RFAYEW S-
IYE,SRPRF.-PAIDLUNtrc14MtL66.wioaoialpk��4a u,1,
SLINLChwWx LL-.NCFIhPUr4S0MFnP
aesc6plipfl
Mon tiu110 C-halnber Membershiir Docs 05wier an&or { I I -2U) EIlaployucs
VIj
l '
Fax Credit card information far immediate Ila ymeot to 763.295-2705
Business Name on Card:
Name on CArd:
t:ac--- ---
Y—i—
p.l}atemnunt•
Thank y43u for 1,DUr oammot ICDE 14) the MouLICe lu ChemiM Of CornnKfea & rndugrV Thr Mantwel lu Cham2s r
10 present$ the In Lercsts of the business r&MMUnAY arid SW'MS Lo SIMI$dlm bLiprICSS and sumu12L12 regional
praspenly
MUnllceiJO Chamber Is Proud T.@ Serve as Lhe 'fron L doer' M i1Ur fine mMMUnity The CklAmber s a reSUlfce far
bLlSmosscs, resi&nts and visitors o3jkc. pmIrldchg on forInallon and 305 JOE about the area and soelr huSlness
IHvoIca
Date
Invoice #
12/4/2017
t 129a
Due Date
12119/20t7
Amount
0U.00
Total $400.00
For quer on -t or oddifional inforr+orrtlun regarding chis inivictie, pfease call Manzi- An&ysys at 763-272-33 j6 .Mn).
Julie Chene
From: Jeff O'Neili
Sent; Tuesday, December Sr 2017 7:45 PSA
To: Julie Cheney
Subject: RE: Monti Chamber of Camrrmerce lr)v# 11298a $400.00
Good to 80
From: Julie Cheney
Sent: Monday, December 04, 2017 1-47 PM
To; Jeff O'Neill �Jeff.Oneill a ci.montir-eilo_rnn,us>
Subject: MuntJ Chamber of Commerce Inv# 11298a $400.00
Jeff
Attached is Inv# 11298a from the Monticello Chamber of Commerce for the City'S membership renewal, okay to pay
$400,007
FYi... same cost as last year.
Thanks,
Finance Assistant
City of Monticello
763-271-3205
Julie.ChP-Ile ?ci-Monti cello.rnn.us
A P e c i. moat i ce I I o_mn. us
CIT {1F
Montiuuflo
Email cnrrespandence to and from the CitY of MOnticella government offices rs subject to the
A'nResota 60vernment Dote Practices Act and may be disclosed to third p'ar'ties_
4klnlice 110 Chalnber Of CoFnMMC & 1313 UStry
U1 r manrcella ]'UFlvh 192
a�N s��
�M:Uu: 205 Pinc St
ihd"b d6nF rAInAnq A9cultiecl10 4AN 53362
Bill To
Accounts Pavable
Monticello Department of Motor Vehicles
i 19 3rd Street Cast
Monticello, MN 55362
OPYU?NAL BENEFITS
z 1 YEAR PRE -PAID LUNCH [�U S I#i.W is mni"j Pkaco- noit pwnhi% on 11-4 ine
$ I Ixi Cheenrr LUNCH SP0NSQRSH1p
Description
5Le[rnd 111I5i31eSs Chamber rrkcnkbL!rshjp-A'lotLritello Chamhcr
Date Invoice 4
1214!2017 I1 ]
Due Date
I2/191`2017
Amouni
Fax credit card infOrmadon for immelliate PaYtnent to 763-29--9-2705
Business Name on
Name on Card.
Exp, Date: '--- Amount -
Thank too for vGur [omnntrnent ip ifw MonLrce11(p C7lambel of Cnnlmeree & Indusl.ry Ile 161L)A olu Chambsr
reprek%jS the'n"reSGS C& Lhe-1US41ness CO1I1rl1L1P111V and Mrves to stfMaLhen hu9ine+Ss and stl nmulitc rcgjoftl Total
Pnlsperl$
MunLeella Chamber Is 1)rrlud io serve as Rhc -000 door" Ip aut rnce €gmmLLnity The r:hnmher �s a resource far
businesses, residcnU Arld vlslaKS :Ak-er providing in ForrAmq l and InsLS111 about til¢ Wei and your basing!
Fvr grlesr orrs ara&itrorral 100—afron regarding fish, r+r►v+C , please raUAfarcyAndeirfan Rt 763-.2 72-3310 .coot,,,
Julie Cheney
From: Carolyn Granger
Sent: Monday, December 4, 2017 1.51 PIVII
Tot Julie Cheney
Subject: RE; Monti Charnber of Ccrnmer[e Inv# 11302a $100.00
Okay to pay. 217-41' 90-443300
Thank you.
From: Julie Cheney
Sent: M enday, December 04, 2017 1,43 PM
To: Carolyn Granger <Carolyn_Granger@ci_monticello_mn.us>
Subject: Monti Chamber of Commerce Inv# 11302a $100,00
Carolyn
Attached is Monticello Chamber of Commerce Inv# 11302a for annual membership, Okay to pay $10(),00?
Please provide coding.
Thanks,
Julie Cheney
Finance Assistant
City of Mont ice I10
763-271-3205
Juhe.Cheney ci.rnonticello.rnrw5
A P@ ci_rnontitelIo_mn,Lis
C"17V [ll
Monticeflo
Entlwif correspondence to and from the Cit} of mantrcello governrnent offices is Subject to the
Minnesota Government Data Practices Act and may be disclosed to third parties.
Monticello Chamber of Commerce
PO Box 192
245 Fine Street
Monticello MN 55362
Bill To Date Invoice 9
12111/2017 1139a
Accounts Payable
Monticello City of
545 Walnut Street Suite #1
Monticello, MN 55362
Due Date
121.12017
Description AmourYl —
2U17 Chamber 1-unch-Nowniber21si--MCC (lien"E}Sarc51
1� OU
0v
p_�
TF+Rr.k ru Fw your co. _ilment to " Mantis ro erj nfi r Of CaKt".Vd & Jndd€try 'Me MOntirrffa C1.b�bar
e�FpNientF dw + Nt is of bwii.,. and Serves tO Ft-Nffd a $ai*n 99 41-4 1b'nwtetsf
"w4 Cvth'fr++ty.
h'18+� lrt��f6 �' Fn6or u prey fp srryi qF G+e 'front do". to'r Find [oxu.,anitys ThO Chw�ber i€ n ftsawr[e fOr
b nines, rei�d#�ts end v Fitpr! at l e, prwo0lrny
'Ab—t-M qx! irsSight 4ftt the -ICA, #�caurv� .y Acana�nit
and CC mmumiter lrewtk in Add.tron to a rkWiai[icdly wrtGonwy sMifars in dy area
I—
Total
763-295-2704 marcy0a Monti cellocci-corn http,/,'www.monticellocei.com
Julie Chene
From:
Jim Thares
Sent,
Thursday, December 14, 2017 152 PM
To:
Julie Cheney
*Subject:
RE' Monticello Chamber Inv# 11369a $15.00
Julie, this is okay to pay. Please Code to. 213-463[}1-443990.
From: Julie Cheney
Sent: Thursday, December 14, 2017 1:29 PM
Tio: Jim Thares
Subject: Monticello Chamber Inv# 11369a $15.00
Ron
Attached i5 inv# 11369a from the Monticello Chamber for your November lunch, Qk3Y to Pay 515.D0?
Please provide cQdirig.
Thanks,
.10'ro Cheney
Finance Assistant
City of Monticello
763-271-3205
Julie.�hene C�c�_rnar�t�celJo,r�n.us
APG Ci,monticeIJa.mn.us -�
t IT111F
Monticello
Email ccr•resPorrdence to and from the City Of Monticello government offices is subject to the
M'nnesota 60vernment Data practices Act and may be disclosed to third parties_
erchant: Mo nticelto Chammer of Commerce &r IYidu tr
105 Pine Street PO Boz 192
lblorH mato, MN 55362 7632952700
us
GruE.- lnfcrfnallOr'
D"Optlon' City member dues 2018, DMV member dues n19, Nov luncheon
Order Number; P.0_ NLim aer
Cusl4mer 11]. InvOlce Number 1129$, 113112, -1369
Billing lnf()rrnatj0n
Jude Cheney
City of Monticello
Payrre r,l 1h14*Fnflli n r
Transaol:an ID-,
Tren!gadlon Typ¢:
Transpctlon Status-
Aulharization Code;
Payment Method-,
Shipping Information
22 -pec -2017 OBA9_01 PST
60848116912
Aukharization W+ AWO CaptUre
CapturgdlPef�ding Settlernont
007083
Visa XX 8769
n
Shipping: Q,00
Taz; coo
Total: US $15,Q0
Vend«r
Dite of -Transact] on 1:5 11
CITY OF MONTICELLO
City Hall Carel Transaction
Please attach the invoice/receipt and any other available documentation to this form.
To be completed by purchaser:
Amount }
Circle purchaser name:
Tr4[y Ergen
'fVicki L.
- �
-�nrti
Jeff O'Neill
Wayne Oberg
Saran Rathlisberger
Jennifer Schreiber
Angela Schumann
JIM Thares
Jacob Thu nander
Date approved
Special Prateit $10 r Description
Circie department code:
1-4111
1
10-1 410
101-41520
101-41800
101-41910
101-41920
101-41940
13-46500
2 - 301
Circle expense code:
421990
431950
431990
432200
433100
44x300
443700
443950
Other
City Council
Administration
Elections
Finance
Human Resources
Planning and Zoning
Data Pi oce55ing
City Hall
Economic Development
HRA
General Operating Supplies
Newsletter Services
MisrellarrevUs Prof Services
Postage
TraveVTraining Expe4ise
Dues Membershij) & Subscrip
Licenses and Permits
Misr. Other Expense
CREDIT CARD
ORDER
Payment :states: AF PI -11- ed
1341
Domino's pim
(0163) 295-2424
11113r17017 4:47 PH
Order 508908 Server 4267
Delivery
VIGKI MRIEF!=
505 WALNU1 ST
Gla" i;lt � i.rVT �NIP.AWF SMF WC
{'1631 295-2711
Visa
Ck�LOIi rAHD # XXXXXXXXXYXX7045
REFERENCE 6509281b815
AWROVAL COUL 0ti338G
Await
1 iu -- .-,
t o t a l ---- ------ -- -------- 40
Sll,i#AYI�RE
i ACRE(. In PAY 'M A61M TWAL
AMOUNli A(aHUM TO CARO ISSUEH
A(I # ,11 W
Thank You for btlii10 a
piece of t hi; Pie Rewitr(6 Membe r
W EXPO If+.. - - ... . - ._........ .
ANY DEI.I'v M (;HAKf iS M01 A TV
PAID TO YOUR DRIVER
Accounts Payable
Transactions by Account
User: Debbie.Davidson
Printed: 02/01/2018 - 11:23AM
Batch: 00215.01.2018
Account Number
Vendor Description
Monticello
GL Date Check No Amount PO No
213-46522-438100 XCEL ENERGY ZCULPS-EXPENS- 51-0623082-8- 3� 01/31/2018 0 1731
Vendor Subtotal for Dept:46522 17.31
The preceding list of bills payable was reviewed and approved for payment.
Date: 2/14/18 Approved by
Steve Johnson - Treasurer
Subtotal for Fund: 213 17.31
Report Total: 17.31
AP -Transactions by Account (02/01/2018 - 11:23 AM) Page 1
Xcel Energyo
RESPONSIBLE BY NATURE®
YOUR MONTHLY ELECTRICITY USAGE
' -------
D J F M A M J J A S 0 N D
DAILY AVERAGES
Last Year
Temperature
39° F
Electricity kWh
0.2
Electricity Cost
$0.58
QUESTIONS ABOUT YOUR BILL?
See our website:
xcelenergy.com
Email us at:
Customerservice@xcelenergy.com
Please Call:
1-800-481-4700
Hearing Impaired:
1-800-895-4949
Fax:
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Or write us at:
XCEL ENERGY
PO BOX 8
571624311
EAU CLAIRE WI 54702-0008
Xcel Energy
NORTHERN STATES POWER COMPANY
Page 1 of 6
SERVICE ADDRESS
ACCOUNT NUMBER
114
MONTICELLO EDA
51-0623082-8
=/OZ/2018
349 W BROADWAY ST
MONTICELLO, MN 55362-9356
STATEMENT NUMBER
STATEMENT DATE
571624311
12/04/2017
$17.31
SUMMARY OF CURRENT CHARGES (detailed charges begin on page 2)
Electricity Service 10/31/17 -12/03/17 7 kWh $17.31
Current Charges $17.31
ACCOUNT BALANCE
Previous Balance As of 10/31
Payment Received Auto Pay 11/30
Balance Forward
Current Charges
Amount Due
INFORMATION ABOUT YOUR BILL
Thank you for your payment.
RETURN BOTTOM PORTION WITH YOUR PAYMENT • PLEASE DO NOT USE STAPLES, TAPE OR PAPER CLIPS
ACCOUNT NUMBER I DUE DATE
51-0623082-8 01/02/2018 1 $17.31
Your bill is paid through anautomated bankpayment plan
------ manifest line---------
I"I�III"�'I'�'�I'Illllll�ll�l'Il�'Ill�l��ll�lll'I�I'I�IIII'I��'
MONTICELLO EDA
505 WALNUT ST STE 1
MONTICELLO MN 55362-8822
$16.60
-$16.60 CR
$0.00
$17.31
$17.31
Automated Bank Payment
1 03 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31
I..I�III"�'I'�'�I'IIIIIII�II�I'II�'lll�l��ll�lll�l�l'I�IIII'I��'
XCEL ENERGY
P.O. BOX 9477
MPLS MN 55484-9477
31 51010218 06230828 0000000173100000001731
Xcel Energy
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Page 2 of 6
SERVICE ADDRESS
ACCOUNT NUMBER
1 A
MONTICELLO EDA
349 W BROADWAY ST
MONTICELLO, MN 55362-9356
51-0623082-8
;1/:02/2018
STATEMENT NUMBER
STATEMENT DATE
$10.00
571624311
12/04/2017$17.31
$0.56
SERVICE ADDRESS: 349 W BROADWAY ST MONTICELLO, MN 55362-9356
NEXT READ DATE: 01/08/18
ELECTRICITY SERVICE DETAILS
PREMISES NUMBER: 303657358
INVOICE NUMBER: 0700626724
ELECTRICITY CHARGES
RATE: Sm Gen Svc (Metered)
DESCRIPTION
USAGE UNITS RATE
CHARGE
Basic Service Chg
$10.00
Energy Charge Winter
7 kWh $0.079650
$0.56
Fuel Cost Charge
7 kWh $0.027143
$0.19
Decoupling Adj
7 kWh -$0.000291
$0.00
Affordability Chrg
$0.97
Resource Adjustment
$0.09
Subtotal $11.81
City Fees $5.50
Total $17.31
INFORMATION ABOUT YOUR BILL
For an average non -demand customer, 69% of your bill refers to power plant costs,
14% to high voltage line costs, and 17% to the cost of local wires connected to your
business. For an average demand customer, 79% of your total bill refers to power
plant costs, 13% to high voltage lines, and 8% to the cost of local wires connected to
your business.
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IA
EDA Agenda - 02/14/18
5d. Consideration of approving a 2018 Farm Lease Agreement for Outlot F, Otter
Creek Crossing. (JT)
A. REFERENCE AND BACKGROUND:
The EDA is asked to approve a farm lease agreement with Tom & Matt Spike for the
13.6 acres of land at Otter Creek Crossing. The proposed contract is consistent with the
farm lease agreement entered into with the same tenant for 2016 and 2017. The proposed
rental rate of $1,100 is the same as it has been for the past two years.
The lease allows the tenant access to farm the property between May 1 st and November
30, 2018 to prepare the ground, plant seeds, treat for weeds and harvest the crop. The
lease land area is not irrigated. It is directly adjacent to land owned by the proposed lease
tenant.
The proposed agreement is included in your packet for review. Although the amount for
the lease is less than the 2018 tax payment ($1,696), it is required that the EDA establish
ground cover to manage erosion and control weeds at the site. As such, farming the
property is preferred for this year over an alternative planting at this time.
B. ALTERNATIVE ACTIONS:
1. Motion to authorize the EDA Executive Director and President to execute the Farm
Lease agreement for Outlot F, Otter Creek Crossing as drafted.
2. Motion of other.
C. STAFF RECOMMENDATION:
Staff recommends alternative 1.
D. SUPPORTING DATA:
A. Farm Lease, Outlot F, Otter Creek Crossing - Draft
B Aerial Image
FARM LEASE
THIS LEASE (the "Lease"), made this 15th day of February, 2018, by and between the City of
Monticello Economic Development Authority, a public body corporate and politic and a political
subdivision of the State of Minnesota (the "Authority"), and Matt and Tom Spike (the "Tenant").
1. Property Description. The Authority hereby rents to the Tenant in consideration of the
rents and promises hereinafter described the property (the "Property") generally
described as PID 155171000060 containing approximately 13.6 acres and located along
90th Lane next to Otter Creek industrial park. The Property is legally described and
depicted on Exhibit A attached hereto.
2. Term. The term of this Lease is for 7 months commencing on May 1st, 2018 and
terminating on November 30th, 2018.
3. Rent. The annual rent due under this Lease is $1,100. The annual rent for the lease year
shall be payable by August 1, 2018.
4. Authority Obligations. The Authority shall peaceably allow the Tenant to occupy the
Property for normal and customary farming practices. The Tenant shall have reasonable
access to the Property 24 hours per day, seven days per week for such purposes.
5. Tenant Obligations. Tenant shall be responsible for paying or doing the following:
a. The Tenant shall occupy the Property for agricultural purposes only. The Tenant
agrees to use normal and customary farming practices in the care and maintenance of
the Property and, without limiting normal practices, keep the Property free of noxious
weeds to the extent possible;
b. The Tenant agrees to comply with all statutes, ordinances, rules, orders, regulations,
and requirements of the federal, state, county, municipal and other units of
government regulating the use of the Property;
402309v1 MNI MN190-101 1
c. The Tenant shall allow access to the Property by the Authority and its agents during
all reasonable hours for the purpose of examining the Property to ascertain
compliance with the terms of this Lease and for any other lawful purpose;
d. The Tenant shall not remove or move any existing structures or improvements made
to the Property by the Authority. The Tenant may not store equipment on the
Property for periods exceeding one week without coordinating such storage with the
Authority;
e. The Tenant shall not commit waste on the Property;
f. Tenant shall refrain from using or applying any chemicals or products on Property
which contains phosphorous;
g. The Tenant shall plow back the Property prior to the termination of this Lease; and
h. This Lease does not entitle Tenant to allow or authorize use of Property by any party
for recreational purposes, including but not limited to hunting or the riding of all
terrain or similar recreational vehicles.
6. Independent Entities. The Authority does not retain the Tenant as an agent of the
Authority. The Tenant does not retain the Authority as an agent of the Tenant. The
Authority shall not provide to the Tenant, its agents or employees, any benefits or
expenses, including, but not limited to, insurance for liability or property, or ordinary
business expenses.
7. Costs associated with Lease. The Authority is not responsible for paying any of the
Tenant's costs associated with this Lease, including preparation of the Property for
farming. The Tenant shall pay all costs related to farming the Property, including the
cost of plowing the Property back prior to the termination of this Lease.
8. Insurance. The Tenant shall acquire and maintain property and liability insurance
adequate for the Tenant's use of the Property. The Tenant shall provide proof of
insurance upon request by the Authority. The Tenant, while performing any service or
function related to this Lease, agrees to indemnify, hold harmless and defend the
Authority and all its agents and employees from any and all claims, demands, actions or
causes of action of whatever nature or character arising out of or by reason of the
execution or performance of this Lease or use of the Property.
9. Assignment and Sublease Prohibited. The Tenant intends to farm the Property himself.
The Tenant agrees that no assignment or sublease of the Property shall be effective
without the prior written consent of the Authority.
10. Surrender of Possession. The Tenant shall surrender the Property to the Authority in
good condition and repair upon termination of the Lease, whether by lapse of time or
otherwise.
402309v1 MNI MN190-101 2
11. Termination Prior to Expiration. The Authority may, at any time after providing 90 days'
written notice, terminate this Lease and take possession of the Property for any purpose
deemed in the best interest of the Authority. The Authority shall allow the Tenant to
remove crops with normal and customary farming practices or, if time does not so allow,
return all rents paid for the year and compensate the Tenant at rates not exceeding the
current market rate per acre for any crop planted but not harvested.
12. Remedy. If the Tenant fails to pay the rent when due or fails to perform any of the
promises contained in this Lease, the Authority may, after furnishing the Tenant with a
30 -day written notice specifying the default, re-enter and take possession of the Property
and hold the Property without such re-entering working a forfeiture of the rents to be paid
by the Tenant for the full term of the Lease. If default occurs during cropping season, the
Authority will harvest any and all remaining crops and apply proceeds from the sale
thereof to any rent payment due or other outstanding obligations of the Tenant to the
Authority.
13. Tenant's Default. In the event of one of the following acts, the Tenant shall be in default:
a. The Tenant fails, neglects, or refuses to pay rent or any other monies agreed to be
paid, as provided in this Lease when those amounts become due and payable, and if
such failure continues for five days after written notification by the Authority;
b. Any voluntary or involuntary petition or similar pleading, under any section of any
bankruptcy act shall be filed by or against the Tenant or should any proceeding in a
court or tribunal declare the Tenant insolvent or unable to pay debts;
c. The Tenant fails, neglects, or refuses to keep and perform any other conditions of this
Lease and if such failure continues for a period of 30 days after written notification
by the Authority; or
d. Should the Tenant make or attempt to make any assignment or sublease of any
interest in the Lease or the Property without the prior written consent of the
Authority.
In the event of any default or violation of this Lease continuing more than 30 days after
written notification of default by the Authority to the Tenant, the Authority may
terminate the Lease and enter into and take possession of the Property. Possession of the
Property in these conditions does not relieve the Tenant of the obligation to pay rent and
abide by all other conditions of the Lease.
In the event of any default or violation of the Lease continuing more than 30 days after
written notification of default by the Authority to the Tenant, termination of the Lease
and possession of the Property by the Authority, the Authority may lease the Property to
another party without further obligations to the Tenant.
402309v1 MNI MN190-101
14. Loss and Damage. Tenant assumes and bears the risk of all loss and damage to the
Property from any and every cause whatsoever, whether or not insured, except in the case
of gross negligence or intentional misconduct on the part of the Authority, its employees,
agents or contractors. No loss or damage to the Property or any part thereof shall impair
any obligation of Tenant under this Lease and the Lease shall continue in full force and
effect unless Tenant is unable to use the Property for the purposes intended under this
Lease.
15. Limitation of Warranties and Liability. In no event shall the Authority be liable for
special, incidental or consequential damages, including but not limited to lost profits, lost
business opportunity, or damages related to Tenant's use or intended use of the Property.
16. Lease is Binding. This Lease shall be binding upon the parties hereto and their heirs,
successors and assigns.
17. Notification. Notices related to this Lease shall be sent to the following addresses:
a) As to the Authority: City of Monticello Economic Development Authority
505 Walnut Avenue, Suite 1
Monticello, MN 55362
Attn: Executive Director
b) As to the Tenant: Matt and Tom Spike
or to such other address as either party may notify the other of pursuant to this section.
18. Entire Lease. It is understood that this Lease contains all agreements, promises, and
understandings between the Authority and Tenant regarding the subject matter hereof.
This Lease supersedes any prior agreements between the parties regarding the subject
matter hereof and any prior lease related to the Property. No modification to this Lease is
binding unless made in writing and signed by the Authority and the Tenant.
IN WITNESS WHEREOF, the parties have hereunto set their hands the day and year
first above written.
402309v1 MNI MN190-101 4
CITY OF MONTICELLO ECONOMIC
DEVELOPMENT AUTHORITY
By:
President
By:
Executive Director
STATE OF MINNESOTA )
ss.
COUNTY OF WRIGHT )
The foregoing instrument was acknowledged before me this day of February 2018 by
and , the President and Executive Director, respectively, of the
City of Monticello Economic Development Authority, a public body corporate and politic and
political subdivision of the State of Minnesota, on behalf of the political subdivision.
Notary Public
402309v1 MNI MN190-101
Tom Spike
Matt Spike
STATE OF MINNESOTA )
ss.
COUNTY OF WRIGHT )
The foregoing instrument was acknowledged before me this day of February, 2018
by , Tenant(s).
Notary Public
402309v1 MNI MN190-101
EXHIBIT A
Legal Description and Depiction of Property
Outlot F, OTTOR CREEK CROSSING, Wright County, Minnesota
402309v1 MNIMN190-101 A_1
Subject Parcel
City Boundary
AMonticello
CITY OF
yY �I t
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:-.tfi
. r. --
May 4, 2016
i inch = 752 feet
Source: Esri, DigitalGlobe, GeoEye, Earthstar
Geographics, CNES/Airbus DS, USDA,
USGS,AEX, Getmapping,Aerogrid, IGN, IGP,
sWsstopo, and the GIS User Community
Map Powered by DataLink
from WSB & Associates
EDA: 02/14/18
6. Consideration to adopt Resolution 2018-03 approving a Purchase Agreement for
Acquisition of a commercial property located at 103 Pine Street, PID #s:
155010052110, 155010052120, and 155010052102 (JT)
A. REFERENCE AND BACKGROUND:
This item is to ask the EDA to consider purchasing a commercial property in the
downtown core area. The property, which consists of three parcels, is located along Pine
Street (MN TH#25) and also abuts River Street to the north. West Bridge Park is located
just north of the property (across River Street). The City of Monticello owns a parcel
containing a public parking lot just to the west of the property.
The site is fully improved featuring buildings and/or asphalt parking lot and totals
approximately 22,687.92 sq. ft. +/-. Wright County has a 2018 valuation of $430,845 for
the three parcels. The seller has the property listed with K -W Commercial Midwest for
$685,000. The seller has accepted the EDA offer of $517,200. The offer is a global
settlement for a voluntary sale of the real property and a payment negotiated by the seller
for relocation of their residential and commercial possessions calculated under the
Uniform Relocation Act (URA).
Zoning in this area is CCD (Central Community District) which currently allows a
variety of retail and service businesses. Purchase of the property means that the EDA
would hold this lot for future redevelopment. The exact timeline of such redevelopment
is not yet determined. The recently completed downtown Small Area Study envisions
significant portions of Block 52 as being prime redevelopment sites. The Plan
recommends future uses such as dining -entertainment, service, retail and multi -family
housing (rental or owner occupied) in potential vertical mixed-use development and/or
horizontal mixed-use projects.
Attached is a Purchase Agreement and EDA Resolution 2018-03 for the EDA's
consideration. In March, the Planning Commission will be asked to consider the
acquisition in conformance with the Comprehensive Plan as required by state statutes.
This contingency is reflected in the purchase agreement.
There are several tenants (estimated at 13 or 14) located in the building and they will
need to be provided relocation benefits under the URA. The EDA previously authorized
entering into an agreement with WSB & Associates to assist in following the URA steps
in regards to notices and payment calculations as related to property acquisition for this
particular address.
B. ALTERNATIVE ACTIONS:
1. Motion to approve Resolution 2018-03 authorizing the purchase of the
commercial property located at 103 Pine Street.
2. Motion to deny approval of Resolution 2018-03 authorizing the purchase of the
commercial property located at 103 Pine Street.
3. Motion to table consideration of the purchase and direct staff accordingly.
EDA: 02/14/18
C. STAFF RECOMMENDATION:
Staff recommends Alternative #1. The property is a key parcel in the efforts to
implement the Small Area Study vision for the Downtown area. Block 52 is a prime
redevelopment area due to its proximity to the public park and also because the City and
EDA combined currently own approximately 30 percent of the block. By consolidating
additional land area under the EDA umbrella, it will make marketing the site easier
because it will have fewer complicated issues to work through in negotiating future
development of the site. The Downtown Small Area Study Implementation Steps
Summary also identifies acquisition of this property as an important/critical goal (see
attachment).
The seller approached the EDA and entered into a Letter of Intent (LOI) outlining key
terms of the proposed sale of the property. The offer price by the EDA is considerably
lower than the list price of $685,000 (24.5 percent less), yet is a fair offer based on the
County tax valuation of the property ($430,845).
The EDA should establish a public purpose when purchasing property which is identified
in the draft resolution. City staff will support the desired direction of the EDA in this
matter.
D. SUPPORTING DATA:
a. Resolution 2018-03
b. Purchase Agreement
c. Key Terms
d. Property Information and Aerial Photo
e. Zoning Map
f. Small Area Study Perspective Illustration
g. Downtown Small Area Study Implementation Summary
PA
EDA RESOLUTION NO. 2018-03
RESOLUTION APPROVING PURCHASE AGREEMENT
FOR THE ACQUISITION OF 103 PINE STREET BY THE
CITY OF MONTICELLO ECONOMIC DEVELOPMENT
AUTHORITY
BE IT RESOLVED BY the Board of Commissioners ("Board") of the City of Monticello
Economic Development Authority (the "Authority") as follows:
Section 1. Recitals.
1.01. The Authority and Kathleen A. Froslie and Michael W. Froslie (together, the
"Seller") desire to enter into a purchase agreement (the "Purchase Agreement") pursuant to which
the Authority will acquire certain property located at 103 Pine Street (the "Property") in the City of
Monticello (the "City") from the Seller for economic redevelopment purposes related to the
revitalization of the downtown area. The Property is described in Exhibit A attached hereto.
1.02. Pursuant to the Purchase Agreement, the Authority will purchase the Property from
the Seller for a total purchase price of $517,200.00 plus related closing costs.
1.03. The Authority finds that acquisition of the Property conforms to the City of
Monticello's Block 52 Small Area Study, as approved by the City and Authority, and will facilitate
the economic redevelopment and revitalization of this portion of the downtown area of the City.
1.04. Pursuant to Minnesota Statutes, Section 462.356, subd. 2, the Planning Commission
of the City will meet on March 6, 2018, to review the proposed acquisition and its conformity to the
City's Comprehensive Plan.
Section 2. Purchase Agreement Approved.
2.01. The Authority hereby approves the Purchase Agreement in substantially the form
presented to the Authority, subject to the Planning Commission's finding that the acquisition of
the Property conforms to the Comprehensive Plan and to modifications that do not alter the
substance of the transaction and that are approved by the President and Executive Director,
provided that execution of the Purchase Agreement by those officials shall be conclusive
evidence of their approval.
2.02. Authority staff and officials are authorized to take all actions necessary to perform
the Authority's obligations under the Purchase Agreement as a whole, including without
limitation execution of any documents to which the Authority is a party referenced in or attached
to the Purchase Agreement, and any deed or other documents necessary to acquire the Property
from the Seller, all as described in the Purchase Agreement.
Error! Unknown document property name.
Approved this 14th day of February, 2018, by the Board of Commissioners of the City of
Monticello Economic Development Authority.
President
ATTEST:
Executive Director
EXHIBIT A
PROPERTY
Lots 11 and 12, Block 52, City or Townsite of Monticello, Wright County, Minnesota; and that
part of Lot 10, Block 52, City or Townsite of Monticello, Wright County, Minnesota described
as follows: beginning at the northeasterly corner of said Lot 10; thence southerly along the
southeasterly line of said Lot 10, a distance of 26.00 feet; thence westerly to a point on the
northwesterly line of said Lot 10 distant 26.00 feet southerly of the northwesterly corner of said
Lot 10; thence northerly along said northwesterly line to said northwesterly corner; thence
easterly along the northeasterly line of said Lot 10 to the point of beginning. Subject to and
together with an ingress and egress easement across the southwesterly 10.00 feet of the
northeasterly 36.00 feet of said Lot 10, as measured at a right angle to and parallel with the
northeasterly line thereof.
PID: 155010052110, 155010052120, and 155010052102
Error! Unknown document property name.
PURCHASE AGREEMENT
103 Pine Street, Monticello, Minnesota
THIS PURCHASE AGREEMENT ("Agreement") is made and entered into this —day
of February, 2018 (the "Effective Date") by and between Michael W. Froslie and Kathleen A.
Froslie, married to each other ("Seller"), and the City of Monticello Economic Development
Authority, a public body corporate and politic under the laws of Minnesota ("Purchaser").
RECITALS
A. Seller is the fee owner of certain property situated at 103 Pine Street in Monticello,
Wright County, Minnesota, and being legally described in Exhibit A attached hereto (the
"Property")
B. Seller desires to sell and Purchaser desires to purchase the Property, subject to the terms
and conditions of this Agreement.
AGREEMENT
In consideration of the mutual covenants made below and other good and valuable
consideration, the parties agree as follows:
1. Offer and Acceptance. Seller agrees to sell and Purchaser offers and agrees to purchase
the Property, subject to the terms and conditions of this Agreement in a voluntary
transaction with no threat of any eminent domain action, together with all buildings,
improvements and fixtures owned by Seller, free of all leasehold interests beyond month
to month tenancy as provided in Section 11, all easements, rights and appurtenances
thereto, and all of Seller's rights, title and interest in all public ways adjoining the same.
The parties agree that Seller, as owner of the Property, has waived Seller's rights to and
has no claim for relocation assistance, services and benefits ("Relocation Benefits") under
Minn. Stat. § 117.52 et. seq. and the Uniform Relocation Assistance and Real Property
Acquisition Policies Act of 1970, as amended by the Surface Transportation and Uniform
Relocation Assistance Act of 1987 (the "Relocation Act"), but that the parties have
negotiated a Purchase Price such that a portion is allocable to negotiated Relocation
Benefits as described in Section 2. Upon execution of this Agreement, Seller shall
provide to the Purchaser all existing Lease Agreements and contact information of all
tenants holding leases on the Property or any portion thereof.
2. Purchase Price. The purchase price for the Property ("Purchase Price") is
Five Hundred Seventeen Thousand Two Hundred and no/100s Dollars ($517,200.00) and
is payable as follows:
(a) Earnest Money: $ -0-, payable upon execution of this Agreement
5165440 MMI MN325-35 1
(b) The balance of the Purchase Price of $517,200.00, payable on the Closing Date (as
defined hereafter).
The parties agree that the Purchase Price is comprised of $157,500.00 allocated to the
homestead/residential portion of the Property, $294,665.52 allocated to the commercial
portion of the Property, $62,909.48 allocated to negotiated Relocation Benefits in
connection with Seller's business and payable to the Seller, and $2,125.00 allocated to
negotiated Relocation Benefits in connection with Seller's residence.
3. Salvage Rights. None
4. As -Is -Basis. It is specifically agreed that the Property is being conveyed to Purchaser by
Seller in "As -Is -Condition" (with all faults).
5. Evidence of Title. Promptly after execution of this Agreement by the Purchaser's
governing body, the Seller shall provide the abstract of title and/or any prior title policy
covering the Property. Purchaser shall obtain, within ten (10) days after execution of this
Agreement, for examination by Purchaser's attorney, a title insurance commitment issued
by Preferred Title ("Title"). Within fifteen (15) days after the later of receipt of such title
insurance commitment or the Effective Date of this Agreement, the Purchaser shall give
notice in writing to the Seller of any defects in or objections to the title as so evidenced
and Seller shall thereafter use its good -faith efforts to clear the title of the defects and
objections so specified at Seller's expense. If Seller fails to clear title to the extent herein
required or to submit evidence of ability to do so within thirty (30) days of the delivery of
the notice of defects, the Purchaser will have the option to do either of the following: (i)
terminate this Agreement; or (ii) cure the defects in title at the Purchaser's expense and
proceed to Closing; or (iii) waive the defects and proceed to Closing. Title to be
conveyed as herein provided shall be marketable title, free and clear of all liens,
encumbrances, restrictions, options to purchase, and easements which do not interfere
with Purchaser's proposed use for the Property, except as may be expressly waived by
Purchaser.
6. Conditions to Closing. Closing of the transaction contemplated by this Agreement and
the obligation of Seller to sell the Property and of Purchaser to purchase the Property is
subject to the following conditions:
6.1 Purchaser shall have determined on or before the Closing Date that it is satisfied,
based upon the results of and matters disclosed by any environmental or soil
investigations or testing of the Property as provided in Section 7, that there are no
environmental or soil conditions that would interfere with the Purchaser's proposed
use of the Property;
6.2 Purchaser shall have reviewed and approved title to the Property pursuant to Section
5 of this Agreement;
6.3 Purchaser's governing body shall have approved and executed this Agreement on or
5165440 MMI MN325-35 2
before February 14, 2018; and
6.4 Written findings by the Planning Commission of the City of Monticello that the
acquisition of the Property conforms to the City Comprehensive Plan.
The above contingencies are for the sole benefit of Purchaser, and Purchaser shall have
the right to waive those contingencies by giving written notice to Seller. If the
contingencies set forth in this Section 6 have not been satisfied or waived by the Closing
Date, Purchaser or Seller may terminate this Agreement by giving written notice to the
other on or before the Closing Date.
7. Environmental and Soil Investigation. Purchaser and its agents shall have the right, at
its sole option and risk, to enter the Property at reasonable times after three (3) days prior
written notice for the purpose of testing soils, boring, surveying, or doing other such
work as may be necessary to determine the suitability of the Property for use by
Purchaser. If Purchaser investigates and tests the Property pursuant to this Section 7,
Purchaser shall pay all costs and expenses of such investigations and testing and shall
hold Seller and the real estate harmless from all costs, damages and liabilities arising out
of Purchaser's activities. Upon request by Purchaser, Seller shall also permit Purchaser
to review all environmental reports and files, if any, relating to the Property and in
Seller's possession or control. Purchaser shall indemnify and hold Seller and Property
harmless from all loss, cost, damage and expense, including reasonable attorneys' fees,
which Seller or the Property may suffer or incur as a result of such entry by Purchaser,
including without limitation the cost of defending against any claim for a statutory lien
against the Property resulting from labor, materials, equipment, skill or services furnished
with respect to the Property at the request of Purchaser. This indemnification provision
shall survive any termination of this Agreement.
8. Costs and Prorations. Seller and Purchaser agree to the following prorations and
allocation of costs in connection with this Agreement and the transaction contemplated hereby:
8.1 Purchaser shall be responsible for closing costs including:
a. State deed tax applicable to the transfer of the Property to Purchaser.
b. Well certificate filing fee, if applicable.
C. Conservation fee.
d. Recording fees related to filing the Deed.
e. Title company closing fee and drafting of documents, if any.
f. Title commitment and title insurance premiums.
8.2 Seller shall be responsible for:
a. all recording fees and charges related to the filing of any instrument required
to make title marketable.
b. all outstanding and unpaid utility bills to the Closing Date.
5165440 MMI MN325-35 3
9.
8.3 Seller shall be responsible for payment of the Real Estate taxes due and payable in
the year of sale prorated to the Closing Date. Seller shall pay all real estate taxes
due and payable for the years prior to Closing Date, together with all special
assessments levied or pending against the Property.
8.4 Each of the parties shall pay all of its own respective attorneys' and/or brokers'
fees in connection with the negotiation, preparation and closing of this Agreement
and the transaction contemplated hereby.
Closin .
9.1. Closing shall occur on or before March 15, 2018 or at such other date as may be
agreed to by the parties in writing ("Closing Date"). Closing shall take place at
Monticello City Hall, 505 Walnut Street, Monticello, MN or such other location as
mutually agreed upon by the parties.
9.2. On the Closing Date, Purchaser shall deliver to Seller the Purchase Price and
Seller shall execute and/or deliver to Purchaser:
(a) A duly recordable warranty deed conveying fee simple title to the Property
to the Purchaser, free and clear of any mortgages, liens or encumbrances
other than matters created by or acceptable to the Purchaser.
(b) A duly executed affidavit regarding Seller;
(c) A Minnesota Well Disclosure Certificate delivered with this Purchase
Agreement, or, if there is no well on the Property, this Purchase Agreement
and the warranty deed must include the following statement "the Seller
certifies that the Seller does not know of any wells on the described real
Property;
(d) A non -foreign affidavit, properly executed, containing such information as
is required by the Internal Revenue Code Section 1445 and its regulations;
(e) Any notices, certificates, and affidavits regarding any private sewage
systems, underground storage tanks, and environmental conditions as may be
required by Minnesota statutes, rules or ordinances;
(f) Abstract, if in Seller's possession;
(g) Property Management Agreement as provided in Section 11 hereof;
(h) Escrow Agreement as provided in Section 11 hereof; and
(i) Any other documents reasonable required by Title or the Purchaser's
attorney to evidence that title to the Property is marketable and that Seller
has complied with the terms of this Purchase Agreement.
10. Possession/Condition of Property. Seller shall deliver possession of the Property to
Purchaser on the earlier of 105 days after the Closing Date or June 30, 2018 (the
"Vacation Date"), in the same condition as the Property existed on the Effective Date of
this Purchase Agreement, subject to normal wear and tear.
5165440 MMI MN325-35 4
11. Holdover by Buyer.
11.1. Seller shall be authorized to occupy the Property until the Vacation Date (the
"Holdover Period"). Buyer waives any right to receive rental payments from the
Seller during this Holdover Period.
11.2. During the Holdover Period, the Seller shall have the right to continue all existing
month-to-month tenant leases, provided that all such leases must terminate on or
prior to the Vacation Date, and further provided that any business activities
carried out by the Seller on the Property must cease on or prior to the Tenant
Vacation Date. The Seller shall perform all agreed property management
responsibilities pursuant to a mutually acceptable Property Management
Agreement to be executed by Seller and Purchaser on the Date of Closing. The
parties expressly agree and understand that the Seller shall not enter into any
leases with new tenants on or after the date of this Agreement.
11.3. At Closing, Seller shall deposit the sum of $4,000 into an escrow account to be
held by Title, pursuant to an Escrow Agreement between the Seller, Title, and the
Purchaser. Such Escrowed Funds shall be held by Title and applied to payment of
(i) any legal costs incurred by the Purchaser in connection with prosecuting any
unlawful detainer actions after the Vacation Date, (ii) any costs related to the
nonperformance by Seller of any property management responsibilities under the
Property Management Agreement, and/or (iii) any utility bills unpaid and
outstanding as of the Vacation Date.
12. Damages to Property. If the Property is substantially damaged prior to the Closing
Date, Purchaser may at its sole option rescind this Agreement by notice to Seller within
ten (10) days after Seller notifies Purchaser of the damage, during which 10 -day period
Purchaser may inspect the Property.
13. Personal Property Not Included. Seller shall remove all personal property not included
in this sale, prior to the Vacation Date.
14. Covenants, Representations and Warranties of Seller.
14.01. Seller represents that it is the fee owner of the Property. The signatories to this
Agreement represent that they are authorized to execute this Agreement on behalf
of Seller.
14.02. The Seller is not a "foreign entity" as such term is defined in the Internal Revenue
Code.
14.03. The Seller is unaware of any latent or patent defects in the Property, such as
sinkholes, weak soils, unrecorded easements and restrictions.
5165440 MMI MN325-35 5
l 4.04. Seller agrees to take no actions, without the prior written consent of Purchaser, to
encumber title to the Property between the date of this Agreement and the time
the Deed is delivered to Purchaser.
14.05. The Seller has not performed and has no actual knowledge of any excavation,
dumping or burial of any refuse materials or debris of any nature whatsoever on
the Property, other than those disclosed by the Seller to the Purchaser as of the
date of this Purchase Agreement. The Seller has not received any notice or advice
from any governmental agency or any prior owner of the Property or any tenant,
subtenant, occupant, prior tenant, prior subtenant, prior occupant or person with
regard to Hazardous Materials on, from or affecting the Property.
The term "Hazardous Materials" as used herein includes, without limitation,
gasoline, petroleum products, explosives, radioactive materials, hazardous
materials, hazardous wastes, hazardous or toxic substances, polychlorinated
biphenyls or related or similar materials, asbestos or any material containing
asbestos, or any other substance or material as may be defined as a hazardous or
toxic substance by any federal, state or local environmental law, ordinance, rule,
or regulation including, without limitation, the Comprehensive Environmental
Response, Compensation, and Liability Act of 1980, as amended (42 U.S.C.
Section 9601, et seq.), the Hazardous Materials Transportation Act, as amended
(42 U.S.C. Section 1801, et seq.), the Resource Conservation and Recovery Act,
as amended (42 U.S. C. Section 1251, et seq.), the Clean Air Act, as amended (42
U.S.C. Section 7401, et seq.) and in the regulations adopted and publications
promulgated pursuant thereto.
14.06. Seller warrants that there has been no labor or material furnished to the Property
for which payment has not been made.
14.07. Seller warrants that the Property is serviced by city water and city sewer.
14.08. To the best of Seller's knowledge, the buildings are entirely within the boundary
lines of the Property.
14.09. Seller warrants that Seller has received no notice of any action, litigation,
investigation or proceedings of any kind against Seller or against the Property, nor
to the best of Seller's knowledge any action, litigation, investigation, or
proceeding pending or threatened against the Property, or any part thereof.
14.10. To the best of the Sellers' knowledge, methamphetamine production has not
occurred on the Property.
The Seller's representations and warranties set forth in this Section shall be continuing
and are deemed to be material to the Purchaser's execution of this Purchase Agreement
and the Purchaser's performance of its obligations hereunder. All such representations
and warranties shall be true and correct on and as of the Closing Date with the same force
and effect as if made at that time; and all of such representations and warranties shall
survive the closing and any cancellation or termination of this Purchase Agreement, and
5165440 MMI MN325-35 6
shall not be affected by any investigation, verification or approval by any party hereto or
by anyone on behalf of any party hereto. The Seller agrees to defend, indemnify and hold
the Purchaser harmless for, from, and against any loss, costs, damages, expenses,
obligations and attorneys' fees incurred should an assertion, claim, demand, action or
cause of action be instituted, made or taken, which is contrary to or inconsistent with the
representations or warranties contained herein.
15. Covenants, Representations and Warranties of Purchaser. Purchaser is a public body
corporate and politic under the laws of the state of Minnesota and has the power to enter
into this Agreement and carry out its obligations hereunder. The signatories to this
Agreement represent that they are authorized to execute this Agreement on behalf of
Purchaser.
16. Well Disclosure.
❑ Seller certifies that the Seller does not know of any wells on the described real
property.
OR
❑ A completed Well Disclosure Certificate accompanies this Purchase Agreement as
Exhibit B.
OR
❑ A completed Well Disclosure Certificate has been electronically filed as WDC
number:
17. Underground Storage Tanks. Seller is not aware of any underground storage tanks on
the Property.
18. Broker Commissions. Seller warrants and represents to Purchaser that it has retained K-
W Commercial Midwest as its agent or broker in connection with this transaction; and
that it will indemnify, defend and hold harmless Purchaser against any claim made by an
agent or broker for a commission or fee based on Purchaser's acts or agreements.
Seller understands and acknowledges that WSB & Associates, Inc. has represented only
Purchaser in negotiating this Agreement, and has not represented Seller in any way.
Seller has not relied upon Purchaser or WSB & Associates, Inc. for legal, tax or financial
advice.
19. Legal Representation. Seller acknowledges that Kennedy & Graven is the attorney for
the Purchaser and does not represent the Seller or Seller's interest in this transaction. If
Seller requires legal representation, Seller must contact an attorney of Seller's choosing
and at Seller's own cost. Seller further acknowledges that although Kennedy & Graven
may prepare documents in connection with the closing, these documents are being
drafted only to facilitate the completion of the closing of this transaction and do not
constitute a representation of Seller's interest in this transaction.
5165440 MMI MN325-35 7
20. Miscellaneous. This Agreement represents the complete and final agreement of the
parties regarding sale of the Property and supersedes any prior oral or written
understanding. This Agreement may be amended only in writing executed by both
parties. This Agreement shall be binding on the parties hereto, their successors and
assigns.
21. Notices. All notices required hereunder shall be given by depositing in the U.S. mail,
postage prepaid, certified mail, return receipt requested, to the following addresses (or
such other addresses as either party may notify the other):
To the Seller: Kathleen and Mike Froslie
103 Pine Street
Monticello, MN 55362
To the Purchaser: Executive Director
City of Monticello Economic Development Authority
505 Walnut Ave. Suite # 1
Monticello, MN 55362
With Copies To: Martha Ingram
Kennedy & Graven
470 US Bank Plaza
200 South 6th Street
Minneapolis, MN 55402
Notices shall be deemed effective on the date of deposit as aforesaid; provided, however,
that the time for response to any notice by the other party shall commence to run one
business day after any such deposit.
22. Assignment. Purchaser shall have the right to assign its interest under this Agreement,
without first obtaining the consent of Seller, provided that Purchaser shall remain liable
to Seller under this Agreement.
23. Survival. All of the terms, covenants, conditions, representations, warranties and
agreements contained in this Agreement shall survive and continue in force and effect
and shall be enforceable after the Closing Date for a period of one (1) year.
24. Specific Performance. This Purchase Agreement may be specifically enforced by the
parties, provided that any action for specific enforcement is brought within six months
after the date of the alleged breach. This paragraph is not intended to create an exclusive
remedy for breach of this agreement; the parties reserve all other remedies available at
law or in equity provided neither Seller nor Purchaser will not be liable for damages.
5165440 MMI MN325-35 8
IN WITNESS WHEREOF, the parties have executed this Purchase Agreement as of the
date written above.
SELLER
Michael W. Froslie
Kathleen A. Froslie
BUYER
CITY OF MONTICELLO
ECONOMIC DEVELOPMENT AUTHORITY
By:
Its: President
By:
Its: Executive Director
5165440 MMI MN325-35
EXHIBIT A
Legal Description of the Property
Lots 11 and 12, Block 52, City or Townsite of Monticello, Wright County, Minnesota; and that
part of Lot 10, Block 52, City or Townsite of Monticello, Wright County, Minnesota described
as follows: beginning at the northeasterly corner of said Lot 10; thence southerly along the
southeasterly line of said Lot 10, a distance of 26.00 feet; thence westerly to a point on the
northwesterly line of said Lot 10 distant 26.00 feet southerly of the northwesterly corner of said
Lot 10; thence northerly along said northwesterly line to said northwesterly corner; thence
easterly along the northeasterly line of said Lot 10 to the point of beginning. Subject to and
together with an ingress and egress easement across the southwesterly 10.00 feet of the
northeasterly 36.00 feet of said Lot 10, as measured at a right angle to and parallel with the
northeasterly line thereof.
PID: 155010052110, 155010052120, and 155010052102
10
516544v3 MMI MN325-35
February 9, 2018
Key Terms — Purchase Agreement, 103 Pine Street, Monticello, MN
1. Voluntary Sale
2. Purchase Price: $517,200; Global Settlement includes relocation benefits calculated under URA
3. Earnest Money: $ - 0 -
4. Closing Date: March 15, 2018
5. Holdover Period: Seller and Tenants may occupy property to conduct business for 105 days or
no later than June 30, 2018
6. Property Management Agreement: To be executed between Buyer and Seller governing
Holdover period property management responsibilities and rights
7. Escrow Agreement: Amount = $4,000; ensures final expenses payment and vacate date
compliance
8. Seller grants Buyer access to property to conduct environmental inspections prior to closing
date
9. Personal property to be removed from Real Property by Seller and Tenants prior to vacate date
.' f Wright Count
Overview
Legend
Roads
— CSAHCL
- CTYCL
—° MUNICL
-- PRIVATECL
-- TWPCL
Highways
Interstate
-= State Hwy
US Hwy
City/TownshlP LImits
0C
0 t
a Parcels
Parcel ID 155010052110 Alternate ID n/a Owner Address FROSLIE,MIC HAEL & KATHLEEN A
Sec/Twp/Rng 11-121-025 Glass 201 -RESIDENTIAL 103PINEST
PropertyAddress 103 PINE ST Acreage n/a MONTICELLO, MN 55362
MONTICELLO
District 1101 CITY OF MONTICELLO 882 H
Brief Tax Description Sect -11 Twp -121 Range -025 ORIGINAL PLAT MONTICELLO Block -052 LTS11& 128LK52EX E32FTOF NLY100FT OF
LT 12
(Note: Not to be used on legal documents)
Date created 7t2Q=7
Last Data Uploaded: 7/2W2017 3"M- AM
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- I Beacon - Wright County, MN
c o- " n
Wright County, M N
Summary
Parcel ID
155010052110
Property Address
103 PINEST
MONTICELLO
Sec/Twp/Rng
11-121-025
Brief
Sett -11 Twp -121 Range -025 ORIGINAL PLAT MONTICELLO Block -
Tax Description
052 LTS11&12BLK52EX E32FTOF NLY100FT OF LT 12
(Note: Not to be used on legal documents)
Deeded Acres
0.00
Class
201- (HSTD) RESIDENTIAL; 233 - (NON-HSTD) COMM LAND &
Units
BLDGS
District
(1101)1101 CITY OF MONTICELLO 882 H
School District
0882
Creation Date
01/01/0001
Owner
Primary Taxpayer
Michael & Kathleen A Froslle
103 Pine St
Monticello, MN 55362
GIS Acreage
Parcel: 155010052110
Acres: 0.43
Acres USAB: 0.43
Acres WATE: 0.00
Acres ROW: 0.00
Sq Ft: 18,621.42
Land
Page 1 of 4
i
Unit
•N
yam{
T
i
Buildings
Building 1
Year Built
Architecture
Grass Living urea
Finished Basement Sq Ft
Construction Quallty
Foundation Type
Frame Type
Size/Shape
Exterlor Walls
Windows
Roof Structure
Roof Cover
Interior Wails
Floor Cover
Heat
Air Conditioning
Bedrooms
Bathrooms
Kitchen
1962
N/A
5140
AVERAGE
WOOD
WOOD D
N/A
FACE BRICK
N/A
GABLE/HIP
N/A
N/A
CARPET; SHT VINYL
HW RADIANT
CEN.EVAP
0
0
WA
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Unit
Eff
Seq
Description
Dim 1
Dim 2
Dim 3
Units
UT
Price
Adj 1
Adj 2
Adj 3
Adj 4
Rate
Div%
Value
1
HWY25 N 1
0
0
0
18,621.000
LT
5.600
1.00
1.00
1.00
1.34
7.504
0.040
51589
2
HWY25 N 1
0
0
0
18,622.000
LT
5.600
1.0D
1.00
1.00
1.34
7.504
0.960
134,142
3
COMM BT.50SF
0
0
0
10,200.000
SF
0.500
1.00
1.00
1.00
1.00
0.500
0.040
204
4
COMM BT.50 SF
0
0
0
10,200.000
SF
0.500
1.00
1.00
1.00
1.00
0.500
0.960
4,896
Total
57,642.000
144,831
Buildings
Building 1
Year Built
Architecture
Grass Living urea
Finished Basement Sq Ft
Construction Quallty
Foundation Type
Frame Type
Size/Shape
Exterlor Walls
Windows
Roof Structure
Roof Cover
Interior Wails
Floor Cover
Heat
Air Conditioning
Bedrooms
Bathrooms
Kitchen
1962
N/A
5140
AVERAGE
WOOD
WOOD D
N/A
FACE BRICK
N/A
GABLE/HIP
N/A
N/A
CARPET; SHT VINYL
HW RADIANT
CEN.EVAP
0
0
WA
https://beacon.schneidercorp.com/Appli,cation.aspx?ApplD=l 87&LayerID=2505&PageTy... 7/20/2017
Beacon - Wright County, MN
Building 2
2017 Assessment
Year Bulk
1962
Architecture
N/A
Gross Living Area
5440
Finished Basement Sq Ft
$144,800
Construction Quality
AVERAGE
FoundatlonType
CONCBLOCK
Frame Type
WOOD D
sbe/Shape
N/A
Exterlor Walls
CONC BLOCK
Windows
WA
RootStructure
N/A
Roof Cover
N/A
Interior Walls
N/A
Flw Cover
WA
Heat
WA
Alr Conditio ft
WA
Bedrooms
0
Bathrooms
0
Kitchen
WA
Extra Features
Page 2 of 4
Seq Code Description Dim i Dim 2 Units UT Unit Price AdJ 1 AdJ 2 AdJ 3 AdJ 4 % Good Div % Value
1 000001 COMMERCIAL 0 0 254,600.000 UT 1.000 1.00 1.00 1.00 1.00 100.00 0.040 407.36
2 000001 COMMERCIAL 0 0 254,600.000 UT 1.000 1.00 1.00 1.00 1.00 100.00 0.960 234639.36
Sales
Multi Parcel IN Q Sale Date Buyer Seller ^ Sale Price AdJ Price
Y WD U 03/15/2001 FROSLIE,MICHAEL RIVERSTREETSTATION,LLP$303,486 $303,486
^FICD Q 02/14/1997 �~ FROSLiERIVER STREET STATION, LLP $303,486 $303,486
+ There are other parcels involved in one or more of the above sales:
Valuation
Valuation (Working 2018 Assessment)
2018 2017
+ Land Value $_144,830 $144,830
�+ BuildingV_alue,w�- . ._ ..._...___..M._.�.._._.___ ._ �_..~�. M.` —.... �...�.._.... _.._._-......_.-.__�.
+ .Extra Features Value - - ..._ __. _..w ._.._. _._ __... $254.600 $254,600
■ Total Value $399,430 s349,d30
% Change 0.00% 0.00%
Taxation
2017 Payable 2016 Payable 2015 Payable 20i4 Payable 2013 Payable
Total Estimated Market Value $399,400 $399,400 $399,400 $416,100 $416,100
Excluded Value $0 $0 $0 $0 .__ _._.. _._ __.. ._- _
0
Homestead Exclusion ($24.700) ($24,700) ($24,700) ($24,700) $0
Taxable Market Value $374,700 $374,700 $374,700 $391,400 $416,300
Net Taxes Payable $10,331.33 $10,828.24 $11,139.97 $13,131.06 $13,436.28
+ Special Assessments $4646_7 $1,757.76 $1,384.03 $948.94 $861.72
e Total Taxes Payable $10,796.00 $12,586.00 $12,524.00 $14,080.00 $14,298.00
Taxes Paid
Receipt M
2017 Assessment
2016 Assessment
2015 Assessment
2014 Assessment
2013 Assessment
+ Estimated Land Value
$144,800
$144,800
$144,800
$144,800
$161,500
+ Estimated 8Ui�,; Value
$254.600 '
$254.600
$254,600
254,600
_ _ _254,600
__..._ ._ ._
+ EstinuitedMachineryValue
$0
_ .. _ _,.
$0
$0
0
$0
Total Estimated Market Value
$399,400 i
$399,400
$399A00
$399,400
$416,100
Valuation (Working 2018 Assessment)
2018 2017
+ Land Value $_144,830 $144,830
�+ BuildingV_alue,w�- . ._ ..._...___..M._.�.._._.___ ._ �_..~�. M.` —.... �...�.._.... _.._._-......_.-.__�.
+ .Extra Features Value - - ..._ __. _..w ._.._. _._ __... $254.600 $254,600
■ Total Value $399,430 s349,d30
% Change 0.00% 0.00%
Taxation
2017 Payable 2016 Payable 2015 Payable 20i4 Payable 2013 Payable
Total Estimated Market Value $399,400 $399,400 $399,400 $416,100 $416,100
Excluded Value $0 $0 $0 $0 .__ _._.. _._ __.. ._- _
0
Homestead Exclusion ($24.700) ($24,700) ($24,700) ($24,700) $0
Taxable Market Value $374,700 $374,700 $374,700 $391,400 $416,300
Net Taxes Payable $10,331.33 $10,828.24 $11,139.97 $13,131.06 $13,436.28
+ Special Assessments $4646_7 $1,757.76 $1,384.03 $948.94 $861.72
e Total Taxes Payable $10,796.00 $12,586.00 $12,524.00 $14,080.00 $14,298.00
Taxes Paid
Receipt M
Print Date
BIII Pay Year
_... _... _ . _ ....._.
Amt AdJ
_ _ ._ ... _ _ .. ._ ...
Amt Wrke Off
- _... _ _ •- _...... _ ..
Amt rg
_...... _ . Chae
_... _
_ _ Amt Payment
1380788
_Receipt _
5/12/2017
_._....
2017
$0.00
$0.00
$0.00
($5,398.00)
1322286
10/11/2016
2016
$0.00
$0.00
$0.00
($6,293.00)
1277653
5/10/2016
2016
$0.00
$0.00
$0.00
($6,293.00)
1230187
10/9/2015
2015
$0.00
$0.00
$0.00
($6,262.00)
httos://beacon.schneidercom.com/Application.aspx?AppID=187&LayerID=2505&PageTy... 7/20/2017
Beacon - Wright County, Jv N
Page 3 of 4
Receipt #
Receipt Print Date
BIII Pay Year
Amt Adj
AmtWrite Off
Amt Charge
Amt Payment
1192911
5/13/2015
2015
$0.00
$0.00
$0.00
($6,262.00)
1142154
10/10/2014
2014
$0.00
$0.00
$0.00
($7,040.00)
1089341
4/23/2014
2014
$0.00
$0.00
$0.00
($7,040.00)
1080572
2/19/2014
2013
$0.00
$0.00
$0.00
$422.00
1068159
10/24/2013
2013
$0.00
$0.00
$0.00
($231.23)
1068152
10/24/2013
2013
$0.00
$0.00
$55.88
($1,221.64)
1061734
10/16/2013
2013
$0.00
$0.00
$0.00
($5,752.01)
997514
4/22/2013
2013
$0.00
$0.00
$0.00
($7,149.00)
1080573
2/19/2014
2012
$0.00
$0.00
$0.00
$438.00
963888
10/15/2012
2012
$0.00
$0.00
$0.00
($7,447.00)
904185
4/25/2012
2012
$0.00
$0.00
$0.00
($7,447.00)
Photos
r
s+
Sketches
44'
z
� o
ua
1
i
En
https://beacon.schneidercorp. comlApplication.aspx?AppID=187&LayerlD=2505&PageTy... 7/20/2017
Beacon - Wright ,County, MN
9
Map
Page 4 of 4
AW
No data available for the following modules: Land GA/RP. Transfer History.
Maps and documents made available to the public by Wright County are not legally recorded maps nor surveys and are not Qf
intended to be used as such. 5drsfder
Last Data Upload: 7/20/2017 3:06:33 AM Developed by
The Schneider
Corporation
https://beacon.schneidercor.p.com/Application.aspx?AppID=187&LayerID=2505&PageTy... 7/20/2017
. Beacon - Wright County, MN Page 1 of 2
jopoul famc TV
,
on Wright County, MN
Summary
Parcel ID
155010052120
PropertyAddress
Units
3,200.000
650.000
Sec/TWp/Rng
11-121-025
Brief Tax Description
Sect -11 Twp -121 Range -025 ORIGINAL PLAT MONTICELLO Block -052 E32FT OF NLY100FT OF LOT 12 BLK52
.
(Note: Not to be used on legal documents)
Deeded Acres
0.00
Class
233 - (NON-HSTD) COMM LAND & BLDGS
District
(1101)1101 CITY OF MONTICELLO 882 H
School District
0882
Creation Date
01/01/0001
Owner
PrlmaryTaxpayer
Michael & Kathleen A Froslie
103 Pine St
Monticello, MN 55362
GIS Acreage
Parcel: 155010052120
Acres: a07
Acres USAB: 0.07
Acres WATE: 0.00
Acres ROW: 0.00
Sq Ft: 3,199.99
Land
Seq Description
1 HWY25 N 1
2 COMM BT.50SF
Dim 1 Dim 2
0 0
0 0
-
Dim 3
0
0
Units
3,200.000
650.000
Unit
UT Price Ad) i Adj 2
SF 5.600 1.00 1.00
SF 0,500 1.00 1.00
Eff
AQ 3 Ad] 4 Rate Div %
1.00 1.34 7.504 LOW
1.00 1.00 0.500 1.000
Value
24,012
$25
Total
.
3.850.000
24,337
Sales
Multi Parcel IN Q
Sale Date
Buyer
Seller
Sale Price
Adj Price
Y WD U
03/15/2001
FROSLIE,MICHAEL
RIVERSTREETSTATION,LLP
$303,486
$303,486
Y CD Q
02/14/1997
FROSLIE
RIVER STREET STATION, LLP
$303,486
$303.486
+There are other parcels involved In one or more of the above sales.
Valuation
2017 Assessment
2016 Assessment 2015 Assessment
2014 Assessment 2013 Assessment
+ Estimated Land Value
$24,300
$24,300 $24,300
$24,300
$27,200
+ Estimated Building Value
$0
$0 $0
$0
$0
+ Estimated Machinery Value
$0
$0 $0
$0
$0
= Total Estimated Market Value
$24.300
$24,300 $24,300
$24,300
$27,200
Valuation (Working 2018 Assessment)
2018
2017
+ Land Value
$24,337
$24,337
+ BulldingValue
$0
$0
+ Extra Features Value
$0
$0
= Total Value
$24,337
$24,337
% Change
0.00%
0.00%
https.//beacon.schneidercorp.comlApplication.aspx?AppID=187&LayerID=2505&PageTy... 7/20/2017
Beacon - Wright County, MN
Taxation
Page 2 of 2
Map
No data available for the following modules: Land GA/RP, Buildings, Extra Features, Transfer History. Photos, Sketches.
Maps and documents made available to the public by Wright County are not legally recorded maps nor surveys and are not
intended to be used as such. LI ,
Last Data Upload: 7/20/2017 3:06:33 AM Developed by
The Schneider
Corporation
https://beacon.schneidercorp.com/Application.aspx?ApplD=l 87&Layer1D=2505&PageTy... 7/20/2017
2017 Payable
2016 Payable
2015 Payable
2014 Payable
2013 Payable
Total Estimated Market Value
$24,300
$24,300
$24,300
$27,200
$27,200
Excluded Value
$0
$0
$0
$0
$0
- Homestead Exclusion
$0
$0
$0
$o
$0
= Taxable Market Value
$24,300
$24,300
$24,300
$27,200
$27,200
Net Taxes Payable
$710.85
$747.71
$770.56
$969.42
$960.28
+ Special Assessments
$149.15
$154.29
$159.44
$16458
$169.72
= Total Taxes Payable
$860.00
$902.00
$930.00
$1,134.00
$1,130"
Taxes Paid
Receipt # Receipt Print Date
Bill Pay Year
Amt Adj
Amt Write Off
Amt Charge
Amt Payment
1380790 5/12/2017
2017
$0.00
$0.00
$0.00
($430.0)
1322264 10/11/2016
2016
$0.00
$0.00
$0.00
($451.00)
1277851 5/10/2016
2016
$0.00
$0.00
$0.00
($451.00)
1230188 10/9/2015
2015
$0.00
$0.00
$0.00
($465'00)
1192913 5/13/2015
2015
$0.00
$0.00
$0.00
($465.00)
1142156 10/10/2014
2014
$0.00
$0.00
$0.00
($567.00)
1089339 4/23/2014
2014
$0.00
$0.00
$0.00
($567.00)
1061732 10/16/2013
2013
$0.00
$0.00
$0.00
($565.00)
997513 4/22/2013
2013
$0,00
$0.00
$0.00
($565.0
904186 4/25/2012
2012
$0.00
$0.00
$0.00
($11180.00)
Map
No data available for the following modules: Land GA/RP, Buildings, Extra Features, Transfer History. Photos, Sketches.
Maps and documents made available to the public by Wright County are not legally recorded maps nor surveys and are not
intended to be used as such. LI ,
Last Data Upload: 7/20/2017 3:06:33 AM Developed by
The Schneider
Corporation
https://beacon.schneidercorp.com/Application.aspx?ApplD=l 87&Layer1D=2505&PageTy... 7/20/2017
Beacon - 'Wright County, VIN Page I of 2
(10*' tl Wright County, MN
Summary
Parcel ID 155010052102
Property Address
Sec/Twp/Rng 11-121-025
Brief Sed -11 Twp -121 Range -025 ORIGINAL PLAT MONTI CELLO Block -052 TH PRT OF LTIODES COM NE COR TH SLY26FTTH WLY TO W LN
Tax Description TO PT26FTS OF NW COR TH NLY ALG NWLY LN TO SD NWLY COR TH ELY ALG NELY LN OF LT10TO POB BLK 52
(Note: Not to be used on legal documents)
Deeded Acres 0.00
Class 233 - (NON-HSTD) COMM LAND & BLDGS
District (1101)1101 CITY OF MONTICELLO 882 H
School District 0882
Creation Date 0101/0001
Owner
PrimaryTaxpayer
Michael & Kathleen A Froslie
103 Pine St
Monticello, MN 55362
GIS Acreage
Parcel: 155010052102
Acres: 0.02
Acres USAB: 0.02
Acres WATE: 0.00
Acres ROW: 0.00
Sq Ft: 85751
Land
Unit Eff
Seq Description Dim 1 Dlm 2 Dim 3 Units UT Price Adj i Adj 2 Adj 3 Adj 4 Rate Div % Value
1 DOWNTOWN 0 0 0 858.000 SF 8.250 1.00 1.00 1.00 1.00 8.250 1.000 7,078
Total, 858.000 7,078
Sales
Mufti Parcel IN Q Sale Date Buyer Seller
Y WD U 03/15/2001 FROSLiE,MICHAEL RIVERSTREETSTATION,LLP
Y CD Q 02/14/1997 FROSLIE RIVER STREET STATION, LLP
+ There are other parcels involved in one or more of the above sales:
Valuation
Sale Price Adj Price
$303,486 $303,486
$303,486 $303,486
Valuation (Working 2018 Assessment)
2018 2017
+ Land Value
2017 Assessment ''.
2016 Assessment
2015 Assessment
2014 Assessment
2013 Assessment
+ Estimated Land Value
$7,100
$7,100
$7,200
$7,200
$7,200
+ Estimated Building Value
$0
$0
$0
$0
$0
+ Estimated MachlneryValue
$0
$0
$0
$0
$0
Total Estimated Market Value
$7.100 '
$7,100
$7,200
$7,200
$7,200
Valuation (Working 2018 Assessment)
2018 2017
+ Land Value
$7,078.
$7,078
+ Building Value
$0
$0
+ Extra Features Value
$0
$0
R Total Value
$7,078
$7,078
% Change
0.00%
0.00%
https://beacon. schneidercorp.com/Application.aspx?AppID=18 7&LayerID=2505&PageTy... 7/20/2017
Beacon ;-:Wright County, MN
'Page -2-of ,2 --
Taxation
2017 Payable
2016 Payable
2015 Paya,bW.
2014 Paya -e
2613 Payable
TotalI Estimated Market Value
$ 70100
$7.200
$7,200
$7,200
$7,200
Excluded Value
$0
$0
$0
0
$-
$0
Homestead Exclusion
$0
$0
$0
$0
lsp
Taxable Market Value
$7,100
$7,200
$5,200
'$7,200
7;200
Net Taxes Payable
$290 .00
$222,00'
J-1; 228.00 ',
$154.00
SpeclalAssessments -1000
$0.00
TotalTaxes$208A0
Payable
$=.00
5-�00
2.
Taxes Paid
Receipt # Recelpt Print Date
BUIPay Year
Amt M
Amt Write Off
AMfChwp
A*PaYment
1380789 5/12/2017
2017
$0.00
$0.00
$0.00
($104.00)
2-2-8-5 I0II1/20'1'6
2016
$0.00
$0.00
1277852 5/10/2016
2016
$0.09
$0.00
$000
is111.6)
1230189 10/9/2015
2015
$000
$0.OD
1
$0.00
1192912 5/13/2015
2015
$0.00
$0 .00
0,1100)
1142155. 10/10/2014 . 1 . .
2 01 4
$0.00
$0.00
50.00
($12800)
1089340 4/23/2014
2014
$0.OD
$0.00
$0.00
1061731 10/16/2013
2013
$000
$0.00
$0.00
997511 4/22/2013
2013
$000
$0.00
$0.00
µ ($127-.00)
904189 012
2012
$0.00
$0007.
40490)
Map
14slats avallable for'thefolloWft modules: Land 6ANP, Buildings, Extrafeitures, Transfer*-Hlstory,Phplbs, Sketches,
Maps and documents made available to the public by Wright County are not legally recorded maps nor surveys and are not
Intended to be used as such.
Last Data Upload: 7/20/100 3.06:33 AM Developed by
The schnede'r
Corporation
https-.11beacon.schneidercorp.comlApplication.aspx?ApplD=187&LayerlD=2505&PageTy... 7/20/2017
103 Pine Street February 8, 20
1 inch = 376 feet
Performance
Agriculture -
Single Family
High Density
Highway
Light Industrial
Based Overlay
Open Space
and 2 Family
Residential
Business
Heavy Industrial
DistrictResidential
Residential
Regional
Special Use
Amentities
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Single Family
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Neighborhood
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Medium Density
Business
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Traditional
Residential
Limited
Industrial and
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Campus Distriq
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Downtown Small Area Study
Implementation Workshop
November 16, 2017
P
---------------------------------------------------------------------------------------------------
articipants
City Council: Brian Stumpf, Bill Fair, Jim Davidson, Charlotte Gabler, Lloyd Hilgart
EDA: Tracy Hinz, Steve Johnson, Jon Morphew, Bill Tapper
Parks & Recreation: Nancy McCaffrey, Larry Nolan
Planning Commission: Katie Peterson
Guests: Clay Sawatzke, Michele Hertwig
Staff: Jeff O'Neill, Angela Schumann, Jim Thares, Jacob Thunander, Tom Pawelk, Rachel Leonard,
Jennifer Schreiber
Workshop Purpose
Set a foundation for realizing the downtown plan by encouraging the various commissions to
cooperatively review the elements of the plan, prioritize the components, and strategize implementation.
Prioritization Exercise
Organized by Highest Ranked Projects:
Redevelopment: Pursue signature redevelopment on Block 52 with market rate housing and a destination
restaurant that overlooks the park.
Public Realm Improvements: Redesign riverfront parks to include more active events and programming in
West Bridge Park (amphitheater, water feature, concessions) and passive uses in East Bridge Park.
Broadway Street Commercial Vitality:
Broadway Street Environment: Develop small pocket parks on vacant properties along Broadway,
offering outdoor seating, and pedestrian connections to parking. Curb extensions at Walnut and
Broadway to provide space for landscaping, seating, and gathering.
Identity Building: Build Downtown's brand and identity by identifying the downtown core as the
Broadway Walnut area, and naming it. Pursue marketing initiatives to build the new brand.
Business Support & Development Establish fagade improvement programs that offer financial support
for improving building appearance and district identity.
Organized by Survey Category
High -Impact:
1. Pursue signature redevelopment on Block 52
2. Redesign riverfront parks...
3. Establish fagade improvement programs...
Low -Hanging Fruit:
1. Improve bridge underpass...
2. Develop small pocket parks...
3. Curb extensions at Walnut & Broadway
Personal Interest!
1. Redesign riverfront parks...
2 Pursue Signature redevelopment on Block 52...
3. Reconnected Walnut Street to River Street...
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..........................................................
Project Implementation Exercise
East & West Bridge Park Improvements
Foundation: Location on the river, high visibility, varied
topography, existing assets, capable parks staff, dedi-
cated volunteers, popular community events.
Challenges: Limited automobile & pedestrian access,
perception of noise and actual noise, potential river
island flooding, limitations of adjacent land uses, ma-
ture trees can block views, hard to change what's al-
ready popular.
Mitigation: Acquire surrounding land to allow redevelop-
ment and growth, connect Walnut Street to River
Street, use signage and rebranding to encourage ex-
ploring downtown and connecting with the parks, en-
hance underutilized assets like the southeast stairs and
bridge underpass.
Leadership: Parks staff, Park & Recreation Commission,
City Council, and EDA with redevelopment.
Key Decisions: Park design, connection of Walnut St. to
River St, reconstruction of River St, redevelopment of
Block 52.
Priority Tasks: Park design, remove understory plants for
visibility to the river, programming & events, connect
Walnut St. to River St.
Block 52 Redevelopment
Foundation: City owns a portion, another property for
sale, high visibility, beautiful view, parks complement,
EDA is engaged in acquisition.
Challenges: Cost of acquiring property, getting the right
developer, potential contamination, community confu-
sion of public purpose, competition with completing
Block 34, relocation costs.
Mitigation: Continue acquiring land and empower eco-
nomic development manager to meet with developers.
Leadership: EDA for site control and incentives, staff for
recruitment and negotiating, additional city staff from
planning, public works, Wright County, etc.
Key Decisions. Preliminary development agreement,
zoning ordinance changes, incentives.
Priority Tasks: Design for Walnut Street connection to
River St., redesign West Bridge Park parking, acquire
properties, reach out to developers to find the right
partner, continue building relationships and communi-
cating with property owners.
Downtown Housing Development
Foundation: Strong market, regional and local amenities,
demographics, walkability, accessibility, site control,
lender and council support, developers interested, jobs
nearby.
Challenges: Relocation development costs, water table,
cost of quality construction, noise, traffic access, size of
block divisions, developers have many options, zoning
not currently aligned with plan, existing property &
business owners.
Mitigation: Gather better information on water table,
shared equity solutions, create one TIF district, buying
options.
Leadership: EDA to lead land acquisition, TIF program,
coordination with lenders & developers. Planning Com-
mission to lead zoning review. City Council responsible
for final approvals.
Key Decisions: Determining one site or many, zoning
approved that balances flexibility with predictability.
Priority Tasks: Create package or feasibility for several
sites so the city knows its limits and capacity, include
aesthetic design expectations, get a more detailed un-
derstanding of the downtown market, engage in out-
reach to developers with marketing materials.
Activating Broadway Street's Commercial Vitality
Foundation: Proximity to parks and river, some business-
es already making positive changes, changes will en-
courage people to visit, opportunity to build relation-
ships, high traffic area.
Challenges: Not all buildings up to code, cost of rehabili-
tation, lack of space for outdoor seating, lack of con-
centration, need to agree on fagade style, traffic, busi-
ness mix.
Mitigation: Assess the state of properties, survey and
encourage stakeholder participation, offer financial in-
centives, help 1-2 businesses start to encourage others.
Survey property owners to guide the focus.
Leadership: Existing business group, Chamber, City
Council, EDA, and city staff.
Priority Tasks: Determine ownership of every parcel with
contact information, reach out to property and busi-
ness owners for their ideas, identify and build alliances,
determine design standards.
Other: Encourage EDA to build relationships.
EDA: 02/14/18
7. Consideration to authorize entering into an Agreement with Central Minnesota
Housing Partnership to conduct a Feasibility Analysis for a Redevelopment -
Rehabilitation Program in targeted areas of the City for a fee of $1,000 (JT/AS)
A. REFERENCE AND BACKGROUND:
This item is to ask the EDA to consider authorizing entering into an Agreement with the
Central Minnesota Housing Partnership (CMHP) to conduct a feasibility analysis for a
redevelopment -rehabilitation program in targeted areas of the City. The EDA recently
had a workshop in which CMHP staff explained how they assist communities in
administering redevelopment and rehabilitation programs for residential and commercial
properties. CMHP has a proven track record of assisting in meeting key community
needs in the development of affordable housing as well.
The focus of the CMHP proposal for Monticello is to assess if there is merit to
establishing a program to address declining conditions of - scattered through a loan -grant
program. Staff would ask that within the scope of evaluation, CMHP also provide
guidance as related to whether properties may be suited to redevelopment or
rehabilitation.
CMHP's scope also includes an initial evaluation of opportunities for commercial
property rehabilitation or redevelopment in the downtown area. This component pairs
well with the work staff is completing to determine interest and program framework for a
downtown business loan -grant program.
The attached proposal outlines the scope of work and the fees involved in the inspection.
The benefit of conducting a feasibility report is that it will give an idea of weather there is
a solid basis for establishing a redevelopment -rehabilitation program.
Al. STAFF IMPACT: There is a limited staff impact in considering entering into a
feasibility analysis with CMHP. Staff will assist in conducting a windshield survey in the
community to determine volume of work.
A2. BUDGET IMPACT: Per the email from CMHP, their charge rate for conducting a
feasibility analysis where no SCDP application submittal is required (instead using local
dollars to fund the program) is $1,000. This is a reasonable fee. The EDA has funds
available in the 2018 budget under the "Miscellaneous Professional Services" line item to
cover this expense.
B. ALTERNATIVE ACTIONS:
1. Motion to authorize entering into a Feasibility Analysis Services Contract with
CMHP to conduct an analysis of the merits of establishing a housing and
commercial redevelopment -rehabilitation program in targeted areas of the City.
2. Motion to deny authorization to enter into a Feasibility Analysis Services
Contract with CMHP to conduct an analysis of the merits of establishing a
housing and commercial redevelopment -rehabilitation program in targeted areas
of the City.
EDA: 02/14/18
3. Motion to table consideration of entering into a Feasibility Analysis Services
Contract with CMHP to conduct an analysis of the merits of establishing a
housing and commercial redevelopment -rehabilitation program in targeted areas
of the City.
C. STAFF RECOMMENDATION:
Staff recommends alternative 1. By completing the feasibility analysis, it will ensure that
the EDA is headed in the right direction with it concept of establishing a redevelopment -
rehabilitation funding program. The actual work of identifying potential properties and
target areas is included in the feasibility scope. This will be very helpful in correlating
with property valuations and further understanding the merits of the entire residential
program concept. Based on the scope provided, CMHP's assistance will also provide
insights for the downtown loan program concept.
D. SUPPORTING DATA:
a. CMHP email regarding the proposal for a feasibility analysis
2
Jinn Thares
To: Jason Krebsbach
Subject: RE: FW: Follow up on the potential of CMHP administering Loan Rehab Progrmas in
Monticello
From: Jason Krebsbach [mailto:jason@cmhp.net]
Sent: Tuesday, February 06, 2018 7:52 PM
To: Jim Thares
Subject: Re: FW: Follow up on the potential of CMHP administering Loan Rehab Progrmas in Monticello
Hello Jim:
Below are details of our typical SCDP preliminary proposal services we provide to applying cities.
Preliminary Proposal Prep & Submission
b Work with city to define the proposed activities of the program
• Conduct windshield surveys to determine condition of housing stock/commercial properties and
estimate per unit rehabilitation cost
• Conduct windshield surveys and review valuation data to determine condition of housing stock/commercial
properties to evaluate redevelopment opportunities
A Work with city and/or other local groups to program financing structure, eligibility and program
requirements
• Research and compile demographic data pertaining to residents and properties
• Determine initial program budget based on average costs, matching resources and number of
units proposed
• Conduct community meetings and provide additional outreach to generate interest lists
Write narrative section of preliminary proposal and organize demographic information
r u r
-a 1. r - r r •• r r r r r r ■ r ► r •• r • rMCM r
We have a three-tier fee structure based on the distance of the city from our CMHP office. For a SCDP
preliminary proposal we would charge the city of Monticello a fee of $1,750. However, with the potential rehab
program being proposed we would not have to compile demographic data, or be writing/submitting a grant
application. Therefore, a fee of $1,000 would be acceptable for CMHP staff to assist in the program feasibility
process. This fee would be used to cover staff time, travel, materials, etc. associated with the program feasibility
process.
Please let me know if you have any additional questions.
Thank you,
Jason Krebsbach
Central Minnesota Housing Partnership, Inc.
Community Development Director
37 28th Ave. North Suite #102 - St. Cloud, MN 56303
CMHP main office: (320) 259-0393
Direct phone: (320) 258-0672
Email: Jason cmhp.net
Web: www.cmhp.net
amazon.
You shop. Amazon gives.
When you #StartWithaSmile, Amazon donates 0.5% of the purchase price to Central Minnesota Housing
Partnership Inc. Bookmark this link AmazonSmile and support us every time you shop.
On Fri, Feb 2, 2018 at 5:47 PM, Jim Thares <Jim.Thares@ci.monticello mn.us> wrote:
Hi Jason, can you provide an answer to the question below regarding your charge rate? If so, let me know. Hope you
had a great weekend!
From: Angela Schumann
Sent: Thursday, February 01, 2018 4:43 PM
N
To: Jim Thares
Subject: RE: Follow up on the potential of CMHP administering Loan Rehab Progrmas in Monticello
Thank you!
Did he by chance provide information on what the flat rate might be to determine program feasibility?
Angela Schumann, AICP
Community Development Director
City of Monticello
www.ci.monticello.mn.us
763-271-3224
Email correspondence to and from the City of Monticello government office is subject to the Minnesota Government
Data Practices Act and may be disclosed to third parties.
From: Jim Thares
Sent: Thursday, February 1, 2018 8:18 AM
To: Angela Schumann <Angela.Schumann ci.monticello.mn.us>; Jacob Thunander
<Jacob.Thunander@ci.monticello.mn.us>
Subject: FW: Follow up on the potential of CMHP administering Loan Rehab Progrmas in Monticello
FYI
From: Jason Krebsbach [mailto:jason@cmhp.net]
Sent: Wednesday, January 31, 2018 2:19 PM
To: Jim Thares
Subject: Re: Follow up on the potential of CMHP administering Loan Rehab Progrmas in Monticello
M
Attached is a template administrative agreement that we've used with other cities. Of course it could
be tweaked if needed, but this will give you an idea of what we usually have.
EDA: 02/14/18
7.5. Consideration to adopt Resolution 2018-04 authorizing entering into Letter of Intent
(LOI) and a Purchase Agreement Acquisition of a commercial property located at
112 West River Street PID #s: 155010052131 (JT)
A. REFERENCE AND BACKGROUND:
This item is to ask the EDA to consider authorizing entering into a Letter of Intent (LOI)
to purchase a commercial property in the downtown core area. The property consists of a
small, fully -improved parcel in the middle of Block 52. It is a flag shaped lot with access
via River Street. The address is 112 West River Street. The City of Monticello owns a
parcel containing a public parking lot just to the west of the property.
Site improvements consist of a building, constructed in 1948, and utility services and an
asphalt driveway connecting to River Street. The parcel is approximately 5,014 sq. ft. +/-.
The 3,432 sq. ft. +/- building covers 69 percent of the parcel. Wright County has a 2018
valuation of $93,000 for the property. The seller purchased the property for $250,000 via
a Contract for Deed in 2006 which was towards the top of the market prior to the Great
Recession.
The current EDA offer for the property is $390,000. This is a global settlement and
includes all relocation benefits allowing the owner -occupant, Union Speed & Style, to
move to another location with its equipment and supplies. Union Speed & Style
manufactures custom high-end automobiles. All work is performed inside of their
building. No outside storage is allowed at the site.
Zoning in this area is CCD (Central Community District) which currently allows a
variety of retail and service businesses. Purchase of the property means that the EDA
would hold this lot for future redevelopment. The exact timeline of such redevelopment
is not yet determined. The recently completed downtown Small Area Study envisions
significant portions of Block 52 as being a prime redevelopment area. The Plan
recommends future uses such as dining -entertainment, service, retail and multi -family
housing (rental or owner occupied) in potential vertical mixed-use development and/or
horizontal mixed-use projects.
Attached is a LOI and EDA Resolution 2018-04 for the EDA's consideration. The LOI is
a non-binding document that serves as a commitment to finalize a purchase agreement
largely consistent to the terms included in that document. In March, the Planning
Commission will be asked to consider the acquisition in conformance with the
Comprehensive Plan as required by state statutes. The formal Purchase Agreement will
be presented to the EDA at the regular meeting on March 14, 2018 for ratification. t.
B. ALTERNATIVE ACTIONS:
1. Motion to approve Resolution 2018-04 authorizing entering into the LOI for the
purchase of commercial property located at 112 West River Street.
2. Motion to deny approval of Resolution 2018-04 authorizing entering into the LOI
for the purchase of the commercial property located at 112 West River Street.
EDA: 02/14/18
3. Motion to table consideration of the LOI and direct staff accordingly.
C. STAFF RECOMMENDATION:
Staff recommends Alternative #1. The property is a key parcel in the efforts to
implement the Small Area Study vision for the Downtown area. Block 52 is a prime
redevelopment area due to its proximity to the public park and also because the City and
EDA combined currently own approximately 30 percent of the block. By consolidating
additional land area under the EDA umbrella, it will make marketing the site easier
because it will have fewer complicated issues to work through in negotiating future
development of the site. The Downtown Small Area Study Implementation Steps
Summary also identifies acquisition of this property as an important/critical goal (see
attachment).
The EDA's offer price of $370,000 reflects the appraised value of $290,000 that Nagell
Appraisal placed on the property in its appraisal report dated December 15, 2017. It also
includes an amount for relocation of Union Speed & Styles' equipment and its business
reestablishment expenses in another location.
The EDA should establish a public purpose when purchasing property which is identified
in the draft resolution. City staff will support the desired direction of the EDA in this
matter.
D. SUPPORTING DATA:
a. Resolution 2018-04
b. LOI
c. Appraisal Report
d. Zoning Map
e. Small Area Study Perspective Illustration
f. Downtown Small Area Study Implementation Summary
PA
RESOLUTION NO. 2018-4
A RESOLUTION AUTHORIZING NEGOTIATION OF A PURCHASE
AGREEMENT FOR THE PURCHASE OF PROPERTY LOCATED AT 112
WEST RIVER STREET
WHEREAS, Jordan Dickinson and Jesse Dickinson (together, the "Seller") owns real estate
located at 112 West River Street (the "Property") in the City of Monticello; and
WHEREAS, the City of Monticello Economic Development Authority (the "EDA")
desires to purchase the Property from the Seller in a voluntary, arms -length transaction; and
WHEREAS, EDA staff has caused to be prepared a letter of intent to acquire the Property
for its assessed market value of $370,000 (the "LOI"), and if the offer is accepted by the
Seller, EDA staff and consultants shall cause to be prepared a purchase agreement (the
"Agreement") substantially consistent with the terms of the LOI.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the City of
Monticello Economic Development Authority as follows:
I . The recitals set forth in this Resolution are incorporated into and made a part
of this Resolution.
2. The LOI is hereby approved, subject to acceptance of the LOI by the Seller
and subject to formal approval of the Agreement by the EDA.
3. The President and Executive Director are hereby authorized and directed to
execute all appropriate documents necessary to submit the LOI to the Seller and effectuate
the transaction contemplated by this Resolution.
4. The President and Executive Director, staff and consultants are hereby
authorized and directed to take any and all additional steps and actions necessary or
convenient in order to accomplish the intent of this Resolution, including, without
limitation, negotiating the Agreement for approval by the Board.
Approved this 14th day of February, 2018, by the Board of Commissioners of the City of
Monticello Economic Development Authority.
President
ATTEST:
Executive Director
February 14, 2018
Jordan Dickinson
Jesse Dickinson
Biff's Garage LLC d/b/a Union Speed & Style DRAFT
112 West River Street
Monticello, MN 55362
RE: Letter of Intent
Dear Jordan and Jesse:
The City of Monticello Economic Development Authority ("EDA") hereby makes an offer to
purchase your commercial property located at 112 West River Street, Monticello, MN
("Property"). The purpose of this Letter of Intent ("Letter") is to establish basic terms and
conditions of the proposed purchase of the Property, by the EDA. The terms in this Letter reflect
a mutual understanding to effect a property purchase/sale, although it is further understood that
the terms and conditions will not become binding until a Purchase Agreement substantially
consistent with this offer is executed by the EDA as Buyer and as you as Seller, as contemplated
below.
Description of Property: The Property is located at 112 West River Street, Monticello,
MN with the following PID #: 155010052131. Included in the sale of the Property are the
building (Real Estate) located on the Property and all permanent fixtures and property
that integrally belongs to or is part of the Real Estate, whether attached or detached, such
as light fixtures, shades, rods, blinds, awnings, windows, storm doors, screens, plumbing
fixtures, boilers, water heater, water softener, air-conditioning equipment, built-in items,
outside television antenna, fencing gates and landscaping.
Purchase Price; Closing Date: The EDA offers a Purchase Price of $370,000, which
sum includes compensation for any and all relocation assistance and benefits for which
the Seller may be eligible. to be paid as follows: $10,000 to be paid as earnest money
deposit at the time of Purchase Agreement execution and the balance of $360,000 due at
closing. Closing on the conveyance of the Property will occur on or prior to April 15,
2018 (the "Closing Date").
Closing Costs: At Closing, Seller will pay prorated real property taxes due through the
Closing Date, any special assessments levied against the Property due and payable in the
year of Closing, all recording fees and charges relating to the filing of any instrument
required to make title marketable. Buyer will pay recording fees and charges related to
the filing of the deed from the Seller, the cost of any survey of the Property, the fees of
any title commitment and premiums required for issuance of a title insurance policy, fees
for any environmental assessments or other tests ordered by the Buyer, closing fees
charged by the title company engaged by the parties in connection with the Purchase
Agreement, and Buyer's legal and accounting fees. Buyer shall pay Seller's legal fees
relating to this transaction, whether Closing occurs or not, but in no event shall Buyer's
51709M MNI MN325-6
obligation to pay legal fees exceed the amount of $2,250. Seller shall be responsible for
Seller's legal fees over and above the amount of $2,250. _
�- -- Formatted: Left
Division of Real Estate Payment Amount and Relocation Payment Amount: The
Seller, at Seller's sole discretion, will determine any portions of the Purchase Price
allocable to Relocation, provided that the Seller agrees that the total Purchase Price fully
compensates the Seller for any Relocation payable to the Seller.
Possession Date/Seller Vacate Premises: Seller will vacate the Property within 365
days from date of Closing, but no later than March 31, 2019 (Vacation Date), unless the
parties mutually agree to negotiate a month-to-month lease extending beyond the
Vacation Date and allowing occupancy of the Property by the Seller beyond the Vacation
Date. The lease rate for such month-to-month lease shall be sufficient to pay all costs of
utilities, prorated property taxes, and other costs related to Seller's occupancy of the
Property. Buyer will take full possession of the Property on April 1, 2019 or such later
date agreed to in the month-to-month lease.
Insurance and Risk of Loss: Following the Closing Date, the Buyer shall procure and
maintain Property insurance, with a minimum coverage limit of at least $500,000. Buyer
shall assume all risk of loss of damage for destruction of the Property following the
Closing Date. Seller will continue to maintain adequate amounts of commercial general
liability insurance coverage and renter's insurance for the time period between the
Closing Date and the Vacation Date or such later date agreed to in any month-to-month
lease.
Waiver of Rent Payments: Seller shall be authorized to occupy the Property and
conduct regular business activities until the Vacation Date. Buyer waives any right to
receive rental payments during this period, except that Seller shall pay standard operating
costs such as utilities, and prorated property taxes during the period of occupancy.
Carry -Over Tenancy and Property Management Responsibilities: The Seller shall
perform all agreed property management responsibilities pursuant to a mutually
acceptable Property Management Agreement to be executed by Seller and Buyer on the
Closing Date. Under this agreement, Seller shall be responsible for all property operating
expenses and repair costs, provided that if a repair deemed necessary for continued
occupancy of the Property is estimated to exceed $1,000, the Seller may refuse the repair
after notifying the Buyer in writing, and shall vacate the Property as soon as practicable
thereafter. Seller shall not enter into any subleases for any portion of the Property
effective upon the execution of the Purchase Agreement. At Closing, Seller shall place
$10,000 of the Purchase Price proceeds (the "Escrow Funds") in escrow with the title
company handling the Closing to ensure performance of Seller's required property
management responsibilities, prorated payment of property taxes assessed in 2018 and
payable in 2019, and vacation of the Property on or before the Vacation Date. The
parties shall enter into an escrow agreement outlining specific conditions for release of
the Escrow Funds and the escrow fee, if any, shall be shared equally by the parties.
517090v2 MNI MN325-6
Property Inspections: After final acceptance of a binding Purchase Agreement, Buyer
may have the Property and Real Estate inspected by a person/firm of Buyer's choice to
determine if there are environmental issues or hazards or building contaminants. Seller
understands the need to allow the inspections to occur on the property and will cooperate
in this endeavor. The Buyer may terminate the Purchase Agreement at its sole discretion
if environmental issues or contaminants are discovered. Buyer understands that Seller
will make no representations or warranties regarding the environmental and physical
conditions of the property and Buyer's purchase of the property will be on an as -is basis.
Buyer shall defend, indemnify, and hold Seller harmless against any environmental
claims or actions asserted by any governing bodies or third parties following the Closing.
Personal Property: Personal property is not included in the purchase/sale and is to be
removed by the Seller prior to the Vacation Date.
Title Review: Seller will provide Buyer with existing Title information upon execution
of a Purchase Agreement. Buyer will have 14 days to inspect the state of Title to the
Property, and will provide written objections to Title if necessary. Seller shall have 30
days to cure any Title defects. If such objections are not cured following the 30 -day
period or a longer duration if mutually agreed-upon, Buyer may terminate the Purchase
Agreement at its sole discretion, or waive title objections and proceed to closing.
Standard Provisions: the Purchase Agreement will include standard provisions that are
customary under State and local law.
• Buyer and Seller Commitment and Understanding of Responsibilities: This Letter
does not and is not intended to, contractually bind the parties, and is only an expression
of the basic terms and conditions to be incorporated into a binding Purchase Agreement.
Furthermore, this Letter is an outline of key terms and conditions but is not all inclusive
of the essential terms and conditions of any potential Purchase Agreement. The parties
shall not be contractually bound unless and until they enter into a formal, written
Purchase Agreement, which must be in a form and content satisfactory to each party. The
Buyer and Seller hereby agree in good faith, to diligently work toward the completion of
a written, formal Purchase Agreement that expresses the terms and conditions herein
mutually agreed upon.
Formal Approval Required by Buyer: The purchase offer is subject to formal approval
by the governing body of the Buyer, findings by the City planning commission of
compliance with the City comprehensive plan, and execution of a Purchase Agreement.
Mutual Understandings: The above Letter of Intent reflects the mutual understandings
and sets forth the basis for proceeding to negotiate a written, formal Purchase Agreement
as outlined above.
51709M MNI MN325-6
Buyer:
Seller _Biff's Garage, LLC
By:
Its:
51709M MNI MN325-6
DATE:
DATE:
File #G1710011
Report Type
Restricted Appraisal Report
Prepared BY:
Erin VVaytos.Appraiser
William R. Waytas, Appraiser
Nagell Appraisal Incorporated
12805 Highway 55, Suite 300
55441
:ax: 952.544.8969
NAGELL APPRAISAL INCORPORATED
12805 Highway 55, #300 Minneapolis: 952-544-8966
Plymouth, MN 55441 St. Paul: 651-209-6159
Established in 1968 Central Fax: 952-544-8969
City of Monticello December 15, 2017
Attn: Jim Thares, Economic Development Director
505 Walnut Street
Monticello, MN 55362
To Jim Thares:
In accordance with your request, a Restricted Appraisal Report for internal specified use only (less
extensive collection, verification, analysis, viewing, etc., used in the valuation approaches) has been
made on the following described property. See scope of work within report.
Subject Property: Auto Shop Property
112 River Street West
Monticello, MN 55362
Described below is a summary of the appraisal report contained herein.
Progerty Overview
The subject is an auto shop property located in Monticello. Monticello is a community situated along the
banks of the Mississippi River and the Interstate 94 corridor approximately half -way in-between the metro
and St. Cloud.
The subject is 3,432 SF and has a small office area and the rest of the space is used for shop space for
working on vehicles and motorcycles. The subject site is 5,014 SF with majority of the yard being
encumbered by the building and the remaining areas is flagpole access to River Street West, see aerial.
Typically, auto shop properties require adequate to good onsite parking for storage for vehicles that are
being worked on, employee parking, and customer parking. However, this is somewhat offset due to the
subject being located adjacent to the City public parking lot.
Current owner purchased the subject for $250,000 in 2006, which was towards the top of the market prior
to the Great Recession. Majority of markets and larger communities are back to pre -recessions values
with slight increase.
Overall the subject is rated to have average appeal and to be in average condition.
Report Use
Decision making purposes regarding a potential property swap
lnfPnrlPrl 11QPr
City of Monticello
Attn: Jim Thares, Economic Development Director
111
Letter of Transmittal — Continued
Extraordinary Assumptions
None
Hypothetical Conditions
None
Property Rights Appraised
— Fee Simple Interest: The subject is 100% owner occupied
Property Components Appraised
— Real Estate: The appraised value includes the real estate value opinion.
— Furniture, Fixtures, & Equipment (FF&E): The appraised value does not include personal property
or FF&E. Appraised value does not include any tanks, pumps, equipment, etc. Appraised value
reflects real estate only.
— Business Value: The appraised value does not include any business value.
Highest and Best Use Conclusions
— As Vacant: Assemble with adjacent properties for development
— As Improved: Current office/shop related use
Valuation Methodology
Given the highest and best use, the following approaches are used:
— Cost Approach: Not applied due to subjective depreciation estimates and scope of
assignment
— Sales Comparison Approach: Competing industrial properties will be considered.
— Income Approach: Not applied due to owner occupancy and scope of the assignment.
iv
Letter of Transmittal — Continued
The following value is concluded:
FINAL VALUE OPINION (as -is, effective December 5, 2017, fee simple): $290,000
Exposure Time / Marketing Time
Our company has 11 employees, has been in business since 1968 and has sufficient knowledge,
education, experience, resources and/or contacts to competently complete this assignment. The
accompanying report contains data secured from my personal investigation and from sources considered
to be reliable; however, correctness is not guaranteed. To the best of my knowledge and belief, the
statements contained in this report are true and correct. Neither my employment to make this appraisal,
nor the compensation, is contingent upon the value reported. This report has been prepared in
conformity with the code of professional ethics and standards of professional appraisal practice of the
Appraisal Institute and appraisal standards set forth by Uniform Standards of Professional Appraisal
Practice.
Please contact us if you have further questions.
Sincerely,
Erin Waytas
Trainee Appraiser MN 40368620
www.nagelimn.com
William R. Waytas
Certified General MN 4000813
V
Final values reflect "market exposure" time of under 1 year before the effective
Exposure Time:
date of the appraisal. Changes in the market, use, lease and/or building
subsequent to the effective appraisal date could impact value.
Marketing Time:
Marketing times for appropriately priced properties is generally 12 months or less
after the effective date of the appraisal.
Our company has 11 employees, has been in business since 1968 and has sufficient knowledge,
education, experience, resources and/or contacts to competently complete this assignment. The
accompanying report contains data secured from my personal investigation and from sources considered
to be reliable; however, correctness is not guaranteed. To the best of my knowledge and belief, the
statements contained in this report are true and correct. Neither my employment to make this appraisal,
nor the compensation, is contingent upon the value reported. This report has been prepared in
conformity with the code of professional ethics and standards of professional appraisal practice of the
Appraisal Institute and appraisal standards set forth by Uniform Standards of Professional Appraisal
Practice.
Please contact us if you have further questions.
Sincerely,
Erin Waytas
Trainee Appraiser MN 40368620
www.nagelimn.com
William R. Waytas
Certified General MN 4000813
V
TABLE OF CONTENTS
SUMMARY OF IMPORTANT FACTS & CONCLUSIONS ............................................... 7
VALUE TYPE, CONDITION & STABILITY OF PROPERTY ........................................... 8
INTENDED USE OF THE APPRAISAL...........................................................................
DATEOF APPRAISAL....................................................................................................8
PROPERTYRIGHTS APPRAISED.................................................................................
9
PROPERTY COMPONENTS APPRAISED....................................................................
9
SCOPE OF THE APPRAISAL REPORT.......................................................................10
IDENTIFICATION..........................................................................................................11
REALESTATE TAXES.................................................................................................11
SUBJECT SALES & BUILDING HISTORY...................................................................12
SUBJECTMARKET OVERVIEW..................................................................................13
LOCATIONMAP...........................................................................................................14
SITEDESCRIPTION.....................................................................................................15
PLATMAP....................................................................................................................16
AERIALVIEW...............................................................................................................17
DESCRIPTION OF IMPROVEMENTS..........................................................................18
BUILDINGSKETCH......................................................................................................20
SUBJECTPHOTOGRAPHS.........................................................................................21
HIGHESTAND BEST USE...........................................................................................24
COSTAPPROACH.......................................................................................................24
INCOMEAPPROACH...................................................................................................24
SALES COMPARISON APPROACH............................................................................25
RECONCILIATION........................................................................................................32
EXPOSURE TIME / MARKETING TIME.......................................................................32
DEFINITIONS...............................................................................................................33
ENVIRONMENTAL & STRUCTURAL ISSUES.............................................................34
EXTRAORDINARY ASSUMPTIONS & HYPOTHETICAL CONDITIONS .....................
34
ASSUMPTIONS AND LIMITING CONDITIONS............................................................
35
CERTIFICATION...........................................................................................................37
QUALIFICATIONS........................................................................................................38
ADDENDA TO APPRAISAL REPORT..........................................................................
41
vi
SUMMARY OF IMPORTANT FACTS & CONCLUSIONS
,tt
r
yt. J
r
_ • ,�. ••� '�u.w4� ?we'_ � ,moi. - r!�,,,- , ,�':,.
General Description:
Auto Property
Appraisal Report:
Restricted Appraisal Report
Current Use:
Auto Shop
Special Assumptions:
None; see rear of report for standard assumptions.
Site Size:
5,014 SF, 0.12 acres
Building Size (GBA):
3,432 SF
Age:
1948
Quality/Appeal I Condition:
Average ( Average
Zoning:
CCD — Central Community District
Current office/shop related use
Highest and Best Use:
Property Rights Appraised:
Fee Simple Interest
Property Components Appraised:
Real Estate Only
f Cost Approach
Not applied
Sales Comparison Approach
$290,000
Income Approach
Not applied
FINAL VALUE OPINION (As -Is)
$290,000
VALUE TYPE, CONDITION & STABILITY OF PROPERTY
Type of Value:
This report provides an opinion of Market Value.
Condition of Value:
This report provides an opinion of the as -is value.
Occupancy of
The subject is 100% owner occupied.
Property:
use or rely upon any part of this report without the prior written
INTENDED USE OF THE APPRAISAL
DATE OF APPRAISAL
Effective Date:
The client intends to use the appraisal for decision making re_gardin_g
Inspection Date:
potential property swap. This appraisal assignment was requested by
Date of Report:
the named client for its sole use. No party, other than the client, may
Intended Use:
use or rely upon any part of this report without the prior written
authorization of both the named client and the appraiser. This report is
not valid unless it contains the original signatures in blue ink. Any
unauthorized third party relying upon any portion of this report does so
at its own risk.
City of Monticello
Intended Users:
Attn: Jim Thares, Economic Development Director
DATE OF APPRAISAL
Effective Date:
December 5, 2017
Inspection Date:
December 5, 2017
Date of Report:
December 15, 2017
PROPERTY RIGHTS APPRAISED
Real property ownership consists of a group of distinct rights. There are two primary property rights, Fee
Simple and Leased Fee (as defined by The Appraisal of Real Estate, 13 Edition, Appraisal Institute).
Fee Simple Interest: Absolute ownership unencumbered by any other interest or estate, subject only to
the limitations imposed by the governmental powers of taxation, eminent domain, police power, and
escheat.
Note: This would typically reflect an owner -occupied property. When the property rights appraised are
the unencumbered fee simple interest of the real estate, the appraised value is subject to normal
easements for drainage, public streets and utilities, if any. The effect of any existing mortgage or
delinquent taxes on the subject property has not been considered in this appraisal.
Leased Fee Interest: The ownership interest held by a lessor (landlord), which includes the right to the
contract rent specified in the lease plus reversionary right when the lease expires. The lessor's interest
in a property is considered a leased fee interest regardless of the duration of the lease, specified rent,
the parties to the lease, or any of the terms in the lease contract.
A leased property, even one with rent that is consistent with market rent, is appraised as a leased fee
interest, not as fee simple interest. Even if the rent of lease terms are not consistent with market terms,
the lease fee interest must be given special consideration and is appraised as a leased fee interest (rhe
Appraisal of Real Estate, 13"' Edition, Page 114).
The subject is 100% owner occupied, therefore fee simple interest is appraised.
PROPERTY COMPONENTS APPRAISED
Real Estate: The appraised value includes the real estate value opinion. The methods utilized for the
real estate valuation include:
i Sale Comparison Approach
FF&E: No FF&E or personal property is included in the appraised value. Appraised value reflects real
estate only.
Business Value: There is no business value included in the appraised value.
Z
SCOPE OF THE APPRAISAL REPORT
USPAP defines Scope of Work as: The type and extent of research and analyses in an
assignment.
For each appraisal, appraisal review and appraisal consulting assignment, an appraiser must:
1) Identify the problem to be solved,
2) Determine and perform the scope of work necessary to develop credible
assignment results; and
3) Disclose the scope of work in the report.
1)
Provide a reasonably supported opinion of value as it relates to the intended use.
Per assignment request (see addenda for engagement letter), the following degree of research
2)
and analysis has been made. The narrative format used is a Restricted Appraisal Report,
which is intended to comply with the reporting requirements set forth under Standards Rule 2-213
of USPAP. See individual approaches for further detail.
The scope of work for this appraisal includes:
• a) Property Identification: Public record, plat maps, zoning maps and aerial photographs
were used to identify the subject property.
• b) Property Viewing: A viewing of the subject property (exterior and interior), and
neighborhood by the appraiser. Physical factors: Based on property viewing and
conversations with the client, city and county officials. Lot size is based on county records.
Economic Factors: Consisted of gathering of information from market experts, city and/or
county offices, and internet about the region, community, neighborhood, zoning, utilities,
and any pending projects in the area that may affect the subject property.
• c) Extent of Data Researched: Sales data of competing properties within the subject market
area were given primary consideration. The most relevant data is used in this report.
3)
Sources include, appraiser data files, assessor, internet, developers, agents, MLS, etc. In
addition, during the course of appraisal practice and of this appraisal process, the appraiser
has had ongoing discussions with market participants (buyers, sellers, property managers,
real estate agents/brokers, appraisers, etc.) and/or viewed market data in relation to how
the current real estate market may impact the subject value. The appraiser has not
researched the title or ownership records.
• d) Type and Extent of Analysis Applied at Opinions or Conclusions: The most recent,
similar and proximate data has been used. The data used will be analyzed qualitatively.
Less extensive collection, verification, analysis and viewing has been used in the valuation
approaches, given the purpose and intended use of the report. Although a restricted report
typically has brief statements and conclusions, with most data and analysis retained in the
appraiser's work file, however, for purposes of this assignment, most of the appraiser's work
file is within the report as the data, analysis (qualitative grid) and conclusions are included in
the report and are briefly summarized to assist the client in understanding the opinions and
conclusions set forth. A final value opinion will be discussed and correlated.
The data used was obtained from sources considered credible, yet its accuracy is not guaranteed. If
found to be otherwise, appraised value given in this report could change.
10
IDENTIFI CA TION
Street Address (per County):
112 West River Street
Payable 2017
Monticello, MN 55362
PID # (per County):
155010052131
N/A
Sect -11 Twp -121 Range -025 ORIGINAL PLAT MONTICELLO Block -052 TH PRTS
2.3%1$0.61
OF LTS13,5&6 DES BEG AT MOST ELY COR OF LT13 TH S 25D16'44"W ALG
Special Assessments / Solid
Waste Fee/Other
SELY LN OF LT13 165.36FT TO MOST SLY COR OF LT13 TH N64D58'26"W ALG
N/A
N/A
SWLY LN OF LT13 3.06FT TO OUTSIDE BLDG LN TH S24D18'51"W ALG SD
COUNTY ASSESSOR'S VALUE
OUTSIDE BLDG LN .27FT TO BLDG COR TH N65D40'10"W ALG SD OUT SIDE
Legal Descriptions:
BLDG LN 44FT TO BLDG COR TH N24D18'51"E ALG SD OUTSIDE BLDG LN
Land
78FT TO BLDG COR TH S 65D41'09"E ALG SD BLDG LN 3.33 FT TO NWLY LN
$39,300
OF SELY 45FT OF SD LT13 TH N25D59'31 "E ALG SD NWLY LN 3.11 FT TO
If 3 700
SWLY LN OF NELY 85FT OF LT13 TH S65D E ALG SWLY LN 30FT TO NWLY LN
TOTAL
OF SELY 15FT OF SD LT13 TH N25D 16'44"E ALG SD NWLY LN 85FT TO NELY
$93,000
LN OF LT13 TH S65D E15FT TO POB
The Fee Owner
Biffs Garage, LLC (taxpayer)
(per County):
Bruce & Marilyn Springborg (fee owner)
Census Tract #:
1002.03
REAL ESTATE TAXES
Taxes, per County Records a
Payable 2017
Payable 2018
Tax
$2,092.97
N/A
Tax ratio /per SF
2.3%1$0.61
NIA
Special Assessments / Solid
Waste Fee/Other
615.03
$2,708.00
N/A
N/A
Total Tax & Assessments:
COUNTY ASSESSOR'S VALUE
Payable 2017
Payable 2018 !
Land
$39,300
$39,300
Building
If 3 700
IL3.700
TOTAL
$931000
$93,000
$/SF of GBA
$27.10 per SF
$27.10 per SF
Typical Tax Ratios by Property Type
Commercial (retail, office, industrial, hotel, other, etc.) 3.0%-4.0%
Residential (multi -family, apartment, etc.) 0.9%-1.5%
Single-family dwellings 0.8%-1.5%
The appraised value given in this report assumes any/all special assessments, and/or liens are paid in full and that there are no
delinquent taxes, fees, payments, association dues, etc. Should it be found that any of these exist the amount should be deducted
from the appraised value. Appraiser did not research these items; typically, a title search would reveal any of these. Appraised value
assumes the street improvements are complete.
Comments:
Taxes appear to be on the lower end of range given appraised value.
11
SUBJECT SALES & BUILDING HISTORY
Listing History:
The subject does not appear to be actively listed for sale.
Sales History:
Pending Sale:
Sale Price:
n/a
Sale Date:
n/a
Buyer:
n/a
Seller:
n/a
Terms:
Typical
Source:
Realist
Current owner purchased the subject in 2006 for $250,000 which was near
the top of the market prior to the Great Recession.
No known or reported sales were found within the past 3 years.
None reported
Building History:
Per county sketch the subject was constructed in 1948; however prior
listings for the subject (2005 and 2006) report the age of the subject being
1980 and 1999.
Lease History:
The subject is 100% owner occupied, no reported lease.
Leasehold Interest:
Association Dues:
None apparent, subject is currently owner occupied.
The subject does not appear to be a part of a CIC.
12
SUBJECT MARKET OVERVIEW
City & Neighborhood:
Monticello is located about 45 minutes northwest of Downtown Minneapolis and 40 minutes southeast
of St. Cloud. Access to Interstate 94 is conveniently located near the subject parcel. Interstate 94
provides direct access to the Twin Cities Metro Area, St. Cloud, and surrounding communities.
Monticello has a reputation as a stable community, with nearby shopping and access to many major
roadways. Access to Downtown and surrounding communities is considered average. Major shopping
and commerce are located within the City of Monticello.
No other apparent adverse influences.
Market Conditions: Local (Wright county)
Industrial Property Listings: 0 active listings listing
Industrial Property Sales in the subject area: 4 sales (past year)
The current subject market is considered to be relatively balanced. Not uncommon for sales to be
between related parties or word-of-mouth transactions, as such limited active listings.
Market Conditions: State / National: The macro economy (international, national, state, etc.) was
deemed to be poor since its peak in 2006, but is showing signs of bottoming out in 2010. Many
economists have termed the economic decline as the "The Great Recession." Many property types did j
experienced significant decline during the recession.
While total recovery is expected to span several years, recent trends indicated some recovery is taking
place. Since mid -2010, the economy has shown slow/stable recovery, the unemployment rate has
improved, most property types have shown stabilized pricing, with some value growth in good/close-in
markets. However, since, many properties have largely recovered.
Current Market
List Current $/SF
Location GBA
Cate List Price
16783 Toronto {
Prior Lake 5,700 SF October 2017 $510,000 $89.47
Auto shop property with onsite parking.
Market participant comments/observations: Prime auto shop properties require good frontage on
a busy road. Including good frontage, buildings with an appealing fagade stand out. Generally, up
kept and visually pleasing neighborhood facilities have stronger appeal for market participants.
Demand is approximately four times more than the supply. Most sales are never listed on the market
due to related parties purchasing, employing purchasing, tenant purchase, being approached, etc. It
can be difficult to get a foot hold into the auto shop market. Commercial/shop properties with good
yard space have strong appealing in the market per Wayne Elam. Auto shops in particular require
adequate onsite parking for parking cars that are being worked on.
13
LOCATION MAP
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X36
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14
SITE DESCRIPTION
Dimensions:
Irregular, flagpole access
Gross Site Area:
5,014 SF, 0.12 acres, per Realist and aerial GIS measure
Useable Site Area:
Appears 100%
Topography / Shape / Low:
Mostly level / Rectangular with flagpole access / None apparent
Soil conditions:
Assumed to be stable
Utilities:
City Water / City Sewer
Off -Site Improvements:
Typical street & utility improvements;
Frontage:
River Street West
Access to site (#):
River Street West (1)
Visibility:
Average for use
Flood hazard zone:
Appears no, Zone X, Map #2705410005B, Date November 1, 1979
Apparent Easements:
Typical utility and drainage assumed; appears there may be some driveway/access
easements to subject property; if found to be otherwise appraised value could differ
Encroachments:
None apparent
Unusual Conditions:
None apparent
Zoning:
CCD, Central Community District — it appears the current use may be grandfathered under
zoning. Appraised value assumes the current use can continue going forward, if found to
be otherwise appraised value could differ.
Current Use:
Office / Shop — Auto
Bus Line:
None apparent.
Excess / Surplus Land
None apparent; smaller land to building ratio
Functional Adequacy:
Average
Surrounding Uses:
N City public parking
E Church
S Commercial
W City public parking
Distance to Major Road:
Less than a block to Highway 25 which connects to interstate 94
Subject is located on the fringe of the downtown commercial area. The subject is rated to have average overall visibility for
use. Limited to nil onsite parking available for the subject however, adjacent to the subject is city public parking. Reportedly
no vehicles can be parked in the parking lot overnight. No apparent adverse influences.
15
PLAT MAP
Per county.
16
r
{ r Ad �.
)f Davlee ,
3 Salon
` 0o ng Its Sit Ie �...-
Lucille Murray s%% 4 /ti
Studio-Dane'°�r f
•,� i i
% Walk in GI n t II
Monticellon
OF
t
-
s Tax ServiceA t$�
= f
DESCRIPTION OF IMPROVEMENTS
Subject Data
Type of Building:
Gross Building Area:
Office / Shop — Auto
3,432 SF, per county
Year Built:
1948, per county
Quality / Condition:
Average / Average
Type of Construction
Structure:
Concrete block, concrete slab
Roof:
Flat rubber roof, approximately 15 years old per owner
Exterior:
Concrete block
Doors / Windows:
Metal & glass / Casement, glass block, ages unknown
Basement / Mezzanine:
None / Small storage mezzanine not included in GBA due to no finish,
and very low clear height
Stairs / Elevator:
None / None
Mechanical / Plumbing / Insulation
HVAC / Insulation:
GFA/AC, office, approximately 10 years old per owner; overhead heaters
shop
Electrical / Plumbing:
Adequate, 3 phase 220 amp / Adequate
Hot-water heater / Sprinkler:
Adequate / None
in
Description of Improvements — Continued
Interior Finish
Office 15%
Shop 85%
Size:
515 SF approximate
2,917 SF approximate
Ceiling:
Composite board
Composite board
Lighting
Fluorescent
Fluorescent
Walls / Floors:
Drywall / Concrete
Concrete
Restrooms:
1, concrete floor;
Layout:
Typical single user office/shop (auto) related property
Site Improvements
Parking / Other:
Limited to nil onsite parking; public parking located adjacent to subject,
however, cannot park over night / Flagpole access to street
Depreciation
Effective age:
25 years
Est. Remaining Econ Life:
25 years
Deferred Maintenance:
None apparent or reported
Functional:
Functional design for current use and/or office/shop related user; limited to
nil parking onsite
External:
Yes; cost & value not presently equal
Physical:
Slight, cost and value not presently equal
Subject property supports a single user layout and has limited to nil available parking onsite. Limited parking somewhat offset
due to public parking lot located adjacent to the subject property, however, cars that are being worked on may not be parked
in parking lot overnight.
Recent Updates:
Typical maintenance and updating throughout assumed;
Strengths:
Appealing neighborhood situated along the Interstate corridor; broad
appeal for office/shop users
Weaknesses:
Limited to nil onsite parking;
WE
BUILDING SKETCH
44
II
li
CO BAS1948 ao
3432
44
Per county.
20
SUBJECT PHOTOGRAPHS
r
I
�
Looking west on River Street West
Driveway access
4 ;•
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As Vacant:
The highest and best use is considered for assembly with adjacent properties for development.
As Improved:
There appear to be two options for the subject:
1. Raze the Improvements: This option is not logical, as the existing improvements are
substantial and have remaining economic life.
2. Current use: The current use as a single user auto shop property is logical and appears to
have functioned as such for some time. Continued ongoing use is logical.
Based on the above discussion, option two appears to be the most logical. Therefore, the highest and
best use of the subject property is the auto shop related use with updating as necessary as zoning
allows and market demand warrants.
COST APPROACH
The Cost Approach will not be utilized due to subjective depreciation adjustments. As such, the Cost
Approach is considered to be the least reliable approach and is therefore not applied.
INCOME APPROACH
The Income was considered however was not applied due to the owner occupancy, and scope of the
assignment.
24
112West River Street
February 14, 21
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Downtown Small Area Study
Implementation Workshop
November 16, 2017
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---------------------------------------------------------------------------------------------------
articipants
City Council: Brian Stumpf, Bill Fair, Jim Davidson, Charlotte Gabler, Lloyd Hilgart
EDA: Tracy Hinz, Steve Johnson, Jon Morphew, Bill Tapper
Parks & Recreation: Nancy McCaffrey, Larry Nolan
Planning Commission: Katie Peterson
Guests: Clay Sawatzke, Michele Hertwig
Staff: Jeff O'Neill, Angela Schumann, Jim Thares, Jacob Thunander, Tom Pawelk, Rachel Leonard,
Jennifer Schreiber
Workshop Purpose
Set a foundation for realizing the downtown plan by encouraging the various commissions to
cooperatively review the elements of the plan, prioritize the components, and strategize implementation.
Prioritization Exercise
Organized by Highest Ranked Projects:
Redevelopment: Pursue signature redevelopment on Block 52 with market rate housing and a destination
restaurant that overlooks the park.
Public Realm Improvements: Redesign riverfront parks to include more active events and programming in
West Bridge Park (amphitheater, water feature, concessions) and passive uses in East Bridge Park.
Broadway Street Commercial Vitality:
Broadway Street Environment: Develop small pocket parks on vacant properties along Broadway,
offering outdoor seating, and pedestrian connections to parking. Curb extensions at Walnut and
Broadway to provide space for landscaping, seating, and gathering.
Identity Building: Build Downtown's brand and identity by identifying the downtown core as the
Broadway Walnut area, and naming it. Pursue marketing initiatives to build the new brand.
Business Support & Development Establish fagade improvement programs that offer financial support
for improving building appearance and district identity.
Organized by Survey Category
High -Impact:
1. Pursue signature redevelopment on Block 52
2. Redesign riverfront parks...
3. Establish fagade improvement programs...
Low -Hanging Fruit:
1. Improve bridge underpass...
2. Develop small pocket parks...
3. Curb extensions at Walnut & Broadway
Personal Interest!
1. Redesign riverfront parks...
2 Pursue Signature redevelopment on Block 52...
3. Reconnected Walnut Street to River Street...
"k1, `°��' i• �.,✓/�._ fir �' » ;
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..........................................................
Project Implementation Exercise
East & West Bridge Park Improvements
Foundation: Location on the river, high visibility, varied
topography, existing assets, capable parks staff, dedi-
cated volunteers, popular community events.
Challenges: Limited automobile & pedestrian access,
perception of noise and actual noise, potential river
island flooding, limitations of adjacent land uses, ma-
ture trees can block views, hard to change what's al-
ready popular.
Mitigation: Acquire surrounding land to allow redevelop-
ment and growth, connect Walnut Street to River
Street, use signage and rebranding to encourage ex-
ploring downtown and connecting with the parks, en-
hance underutilized assets like the southeast stairs and
bridge underpass.
Leadership: Parks staff, Park & Recreation Commission,
City Council, and EDA with redevelopment.
Key Decisions: Park design, connection of Walnut St. to
River St, reconstruction of River St, redevelopment of
Block 52.
Priority Tasks: Park design, remove understory plants for
visibility to the river, programming & events, connect
Walnut St. to River St.
Block 52 Redevelopment
Foundation: City owns a portion, another property for
sale, high visibility, beautiful view, parks complement,
EDA is engaged in acquisition.
Challenges: Cost of acquiring property, getting the right
developer, potential contamination, community confu-
sion of public purpose, competition with completing
Block 34, relocation costs.
Mitigation: Continue acquiring land and empower eco-
nomic development manager to meet with developers.
Leadership: EDA for site control and incentives, staff for
recruitment and negotiating, additional city staff from
planning, public works, Wright County, etc.
Key Decisions. Preliminary development agreement,
zoning ordinance changes, incentives.
Priority Tasks: Design for Walnut Street connection to
River St., redesign West Bridge Park parking, acquire
properties, reach out to developers to find the right
partner, continue building relationships and communi-
cating with property owners.
Downtown Housing Development
Foundation: Strong market, regional and local amenities,
demographics, walkability, accessibility, site control,
lender and council support, developers interested, jobs
nearby.
Challenges: Relocation development costs, water table,
cost of quality construction, noise, traffic access, size of
block divisions, developers have many options, zoning
not currently aligned with plan, existing property &
business owners.
Mitigation: Gather better information on water table,
shared equity solutions, create one TIF district, buying
options.
Leadership: EDA to lead land acquisition, TIF program,
coordination with lenders & developers. Planning Com-
mission to lead zoning review. City Council responsible
for final approvals.
Key Decisions: Determining one site or many, zoning
approved that balances flexibility with predictability.
Priority Tasks: Create package or feasibility for several
sites so the city knows its limits and capacity, include
aesthetic design expectations, get a more detailed un-
derstanding of the downtown market, engage in out-
reach to developers with marketing materials.
Activating Broadway Street's Commercial Vitality
Foundation: Proximity to parks and river, some business-
es already making positive changes, changes will en-
courage people to visit, opportunity to build relation-
ships, high traffic area.
Challenges: Not all buildings up to code, cost of rehabili-
tation, lack of space for outdoor seating, lack of con-
centration, need to agree on fagade style, traffic, busi-
ness mix.
Mitigation: Assess the state of properties, survey and
encourage stakeholder participation, offer financial in-
centives, help 1-2 businesses start to encourage others.
Survey property owners to guide the focus.
Leadership: Existing business group, Chamber, City
Council, EDA, and city staff.
Priority Tasks: Determine ownership of every parcel with
contact information, reach out to property and busi-
ness owners for their ideas, identify and build alliances,
determine design standards.
Other: Encourage EDA to build relationships.
EDA Agenda: 02/14/18
7.6. Consideration to authorize solicitation of quotes for a Phase I Environmental Site
Assessment (ESA) and further approving staff to select of the lowest most
economical quote for investigation of two properties: 103 Pine Street and 112 West
River Street (AS/JT)
A. REFERENCE AND BACKGROUND:
The EDA is asked to consider authorizing quotes and approving a contract for the lowest
most economical quote for a Phase I ESA for property located at 103 Pine Street and 112
West River Street.
As the EDA is aware, the Phase I Environment Site Assessment is wisely completed
study when entering into property purchase transactions. The two referenced parcels are
located in Block 52 adjacent to each other and it may be prudent to complete the Phase I
study as soon as possible, contingent on EDA approval of Purchase Agreements for both
properties.
The scope of work would be consistent with the Minnesota Pollution Control Agency
(MPCA) standard scope of work for Phase I investigations.
Al. Budget Impact: The cost for a Phase I for a property in size area similar to the
two referenced parcels is typically in a range of $2,600 to $4,200. The expense
would be coded against the 2018 EDA General Fund budget line item for
"Redevelopment Activities".
A2. Staff Workload Impact: Minimal; limited to consultation with environmental
consultants in preparation of this report.
B. ALTERNATIVE ACTIONS:
1. Motion to authorize solicitation of quotes and further authorize staff to enter into a
contract for service with the entity that provides the lowest, most economical quote
for service in completing a Phase I for property located at 103 Pine Street and 112
West River Street.
2. Motion of other.
C. STAFF RECOMMENDATION:
City staff recommends Alternative #1. The analysis proposed will provided additional
clarity on the conditions of the two sites in terms of preparation for future redevelopment.
D. SUPPORTING DATA:
None
EDA Agenda: 02/14/18
8. Economic Development Report (JT)
A. Otter Creek Business Park Sign Update:
Staff will provide additional information to the EDA regarding progress on the marketing
sign revamp at the regular meeting. An illustration of the proposed sign will be provided
at the meeting.
B. I-94 West Corridor Coalition: The Legislative Preview Breakfast is coming up on
Friday, February 16, 2018 — 8:00 a.m. to 9:30 a.m. at the Rogers Community Center
C. Downtown Business Group Meetings — Downtown Plan Implementation Process:
An update will be provided regarding the status of the first downtown business property -
business meeting
D. Prospects — See attached
A spread sheet with the active prospects is attached.
PROSPECT LIST
2/14/2018
Date of Contact
Company Name
Business Category
Project Description
Building -Facility
Retained Jobs New Jobs Total Investment
Project Status
11/12/2016
MN DEED Prospect
Metal Mfg.
Exist Facility+ Equip
65,000 sq. ft.
0
S5-100
$2,500,000
Active Search
11/17/2016
Project Novus
Precision Machining
New Facility Constr. + Equip
105,000 sq. ft.
0
99-105
$10,000,000
Active Search
3/14/2017
Rustech Brewing, LLC
Micro Brew -Tap Rm
Exist Facility + Equip
2,000 sq. ft. +/-
0
3
$423,000
Site Secured
6/22/2017
Project #6580
Metal Mfg.
New Facility Constr.
80,000 to 100,000 sq. ft.
0
80
$6,500,000
Active Search
6/26/2017
Project Basil
Bio -Ag.
New Facility Constr. + Equip
165,000 sq. ft.
0
77
$11,000,000
Active Search
8/29/2017
Bondhus
Tool Mfg.
Facility Expansion + Equip.
16,000 sq. ft.
69
10
$2,000,000
Active Prop.
10/4/2017
Project Shepherd
Tool Mfg.
Facility Expansion
18,000 sq. ft.
60
?
$1,350,000
Concept Stage
10/17/2017
Project Ted
Equipment Mfg.
New Equipment
N/A
45
?
$650,000
Concept Stage
11/7/2017
Data Center #1
Data Center w LM
New Construction + Equip.
Bldg.? - Needs 15 ac.
0
?
?
Active Search
12/8/2017
Project Cookie
Food Dist. Facility
New Construction
30 ac. 250,000 sq. ft.
0
300
$30,000,000
Active Search
Jim Thares
From: Charlotte Gabler
Sent: Friday, February 09, 2018 10:00 AM
To: Jeff O'Neill; Rachel Leonard; Angela Schumann; Jim Thares; Brian Stumpf; Shibani Bisson;
Outside Lloyd Hilgart; Jim Davidson; Bill Fair
Subject: Fw: Attend I94 West Corridor Coalition Legislative Preview Breakfast
HI All!
If you are planning to attend please make sure you RSVP by clicking the REGISTER NOW below.
Let's see if we can have lots of Magic City faces present!
THANK YOU!!
Charlotte
Thank you and have a productive day!
Charlotte Gabler
Monticello City Council Member
Term Expires Dec 31st, 2018
NOTICE: Email correspondence to and from the City of Monticello government offices is subject to the
Minnesota Data Practices Act and may be disclosed to third parties.
From: 1-94 West Corridor Coalition <kim@velocitypublicaffairs.com>
Sent: Wednesday, January 17, 2018 7:31 AM
To: Charlotte Gabler
Subject: Attend 194 West Corridor Coalition Legislative Preview Breakfast
rrtaa�n
Y�
St
C O R R I D O R
194 West Corridor Coalition Legislative Preview
Breakfast
When The 1-94 West Corridor Coalition would like to extend an
Friday, February 16, 2018 from invitation to attend our Legislative Preview event.
8:00 AM to 9:30 AM CST
1
Add to Calendar
This annual event allows for coalition supporters to directly
engage with transportation leaders, hear legislators'
perspectives, and learn about the 1-94 West Corridor Coalition's
priorities.
Where
Rogers Community Center
We experienced major success over the past years with the
21201 Memorial Drive
opening of additional lanes between Highway 101 in Rogers
Rogers, MN 5574
and Highway 241 in St. Michael, which included a 55%
J
reduction in total travel time and the completion of nearly 3
million square feet of industrial development in the region. We
hope to continue making lane capacity expansion
L.
improvements onto St. Cloud and complete the Brockton/610
m
Interchange with your help and the help of our supporters.
29th Ave N
2018 will be an exciting year for the Coalition! During the 2017
legislative session, the legislature added an additional $300
million in trunk highway bonds spread over four years and $25
Fletcher et..
million per year in cash to the Corridors of Commerce program.
In response, MnDOT decided to select $400 million of projects
2018 Microsoft Garporatiar
� 2018 HERE
in the next round of Corridors of Commerce funding. The 1-94
g
Driving Directions
West Corridor Coalition intends to submit our eligible priority
projects, the 1-94 capacity expansion from St. Michael to
Albertville, 610 Interchange and Brockton Interchange, for the
Corridors of Commerce funding selection which would greatly
increase capacity and reduce congestion along the 1-94
Corridor.
We are hoping that you are able to join us for our Legislative
Preview event.
Register Now!
I can't make it
Sincerely,
Steve Bot
Chairman
194 West Corridor Coalition
I94 West Corridor Coalition, PO Box 95, Rogers, MN 55374
SafeUnsubscribeTM charlotte.gabler@ci.monticello.mn.us
Forward email I Update Profile I About our service provider
Sent by kim@velocitypublicaffairs.com in collaboration with
CmsWnt Cbt#Wt', 01
Try it free today
EDA Terminology
Governmental fund financial statements are reported using the current financial resources measurement
focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both
measurable and available. Revenues are considered available when they are collectible with the current
period or soon enough thereafter to pay liabilities of the current period. For this purpose, the city considers
revenue to be available if they are collected within 60 days of the end of the current fiscal period.
Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However,
debt service expenditures, as well as expenditures related to claims and judgments, net pension liabilities,
and compensated absences, which are recognized as expenditures to the extent they have matured.
Capital asset acquisitions are reported as capital outlay expenditures in the governmental funds. Proceeds
from long-term debt are reported as other financing sources.
Proprietary fund financial statements are reported using the economic resources measurement focus and
the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a
liability is incurred, regardless of the timing of related cash flows. Proprietary funds focus on the
determination of operating income, changes in net position, financial position, and cash flows.
S. Fund Balance Classifications
In the fund financial statements, governmental funds report fund balance in classifications that disclose
constraints for which amounts in those funds can be spent. These classifications are as follows:
• Nonspendable — Consists of amounts that are not in spendable form, such as prepaid items,
inventory, and other long-term assets.
• Restricted — Consists of amounts related to externally imposed constraints established by
creditors, grantors, or contributors; or constraints imposed by state statutory provisions.
• Committed — Consists of internally imposed constraints that are established by resolution by the
city council, which is the city's highest level of decision-making authority. Those committed amounts
cannot be used for any other purpose unless the city council modifies or rescinds the commitment
by resolution.
• Assigned — Consists of internally imposed constraints. These constraints consist of amounts
intended to be used by the city for specific purposes but do not meet the criteria to be classified as
restricted or committed. In governmental funds, assigned amounts represent intended uses
established by the governing body itself or by an official to which the governing body delegates the
authority. Pursuant to city council resolution, the council, city administrator, or finance director are
authorized to establish assignments of fund balance.
• Unassigned — The residual classification for the General Fund which also reflects negative residual
amounts in other funds.
The lower -of -cost -or -market (LCM) method is an inventory costing method that values inventory at the
lower of its historical cost or its current market (replacement) cost.
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