HRA Minutes 07-06-1994
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MINUTES
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
Wednesday, July 6, 1994 - 7:00 p.m.
Monticello~~Big Lake Hospital Board Room, Lower Level
MEMBERS PRESENT:
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Chairperson Al Larson, Vice Chairperson Ben
Smith, and Brad Barger.
MEMBERS ABSENT:
Everette Ellison and Tom St. Hilaire.
STAFF PHESENT:
Ollie Koropchak.
STAFF ABSENT:
Rick Wolfsteller and Jeff O'Neill.
GUESTS:
BRW Elness Architects, Inc. Team.
Hospital Board and City Council members.
Ron Musich, Fay-Mar Metal Fabricators, Inc.
1. CALL TO ORDER.
Chairperson Larson called the HRA meeting to order at 7:05
p.m. Introductions were made and guests were welcomed.
PRESENTATION - Team members from BRW Elness Architects, Inc.
presented a preliminary design for a 40-uni t congregate senior
housing facility. Utilizing a shared driveway with the
Monticello Clinic, the three--.story apartment structure \.\7i th
underground parking would consist of 27 one-bedroom and 13
two-bedroom units of approximately 644 sq ft and 952 sq ft,
respectively. Cost per unit estimated at $46,000 to $50,000
with rents beginning at approximately $480 per month for 600
sq ft wi thout garage. Rent range dependent upon selected
financing method.
Mayor Fyle and Councilmember Herbst endorsed the need for a
cQmmunity congregate senior-housing project; however, did not
endorse City ownership nor the proposed site (east of clinic)
without further research.
After further discussion, direction was for each entity
(Hospital Board, City Council and HRA) to appoint 2 members to
serve on this committee. The committee will contir~le research
for the potential establis~nent of a 501(c)3 non-profit
organization, visit projects completed by the three
developers, and select a developer.
2. CONSIDERATION TO APPROVE THE JUNE 1, 1994 HRA MINUTES.
Ben Smi th made a motion to approve the June
milultes. Brad Barger seconded the motion
corrections or additions, the minutes were
Nritten.
1 , 1 994 HRA
and with no
approved as
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HRA MINUTES
JULY 6 f 1994
3. CONSIDERATION TO ADOPT A RESOLUTION MODIFYING THE
REDEVELOPMENT PLAN,FOR REDEVELOPMENT PROJECT NO.1, MODIFYING
THR TIP PLAN FOR TIF DISTRICT_NOS. 1-1 THROUGH 1-16, AND THE
ADOPTION OF THE TIF PLAN FOR TIF DISTRICT NO. 1-17.
Ron Musich, owner of Fay-Mar, displayed the preliminary plans
for the proposed 13,640 sq ft manufacturing/office facility
and 2,000 sq ft mezzanine as prepared by Architect Network,
Inc. of Stillwater. The company will employ 17 full.-.time
individuals with average wages of $9.50 ph. Projections
include another 6~8 employees in the first year. Chairperson
Larson requested Mr. Musich encourage his employees to live in
Monticello and support the community.
Brad Barger made a motion to adopt the resolution relating to
the modification, by the Housing and Redevelopment Authority
in and for the City of Monticello, of the Redevelopment Plan
relating to Redevelopment Project No. I, the modification of
the Tax Increment Financing Districts Nos. 1-1 through 1-16
and the approval and adoption of the Tax Increment Financing
Plan for Tax Increment Financing District No. 1-17, all
located wi thin Redevelopment Project No.1. Ben Smi th
seconded the motion and with no further discussion, the motion
passed unanimously.
HRA members authorized the $50,000 upfront TIF assistance be
transferred from the TIF Surplus Fund. Also, the commission
requested Rick Wolfsteller give an update of the HRA loans
including remaining balances and projected expenses and an
update of the TIF Surplus balance.
4. CONSIDERATION OF PROSPECT UPDATES:
a)
H-Window Company -- Anticipates an open house in late
August. $250,000 State Grant application completion and
award expected soon.
Pol ycast Mfg, Inc. - Bank/SBA financing closed, land
title conveyed, TIF assistance awarded, and construction
underway. The company elects to combine the
groundbreaking and open house reception because of a busy
schedule.
Royal Engineering and Mfg, Inc. - The company officials
have not made a site location decision.
b)
c)
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HRA MINUTES
JULY 6, 1994
5. OTHER BUSINESS:
a) PRG billings - Koropchak noted the two~month statement
which included billings for Fay'-Mar proposal and H-,
Window/State application. Members denied payment until
billing is reviewed with PRG.
b) Holmes & Graven billings - BRA authorized payment.
c) HRA members briefly discussed the senior housing project
and supported a community involvement concept.
Chairperson Larson volunteered his interest as one of the
two HRA representatives for the senior housing committee.
HRA representation will be formally appointed at the
August 3 HRA meeting.
6. ADJOURNMENT.
The BRA meeting adjourned at 9:25 p.m.
CJ~ ~d) .~~
Ollie Koropchak, ~xecutive Director
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