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Home My WebLink About05-13-10 EDRA PacketHASTINGS ECONOMIC DEVELOPMENT & REDEVELOPMENT AUTHORITY Agenda for May 13, 2010, 6:00 pm. City Hall CITY COUNCIL CHAMBER L Quorum. II. Minutes of March 11, 2010 III. Bills IV. Business A. Adopt Resolution: Request City Council Call a Public Hearing: Modification to Vermillion Street Redevelopment Area Plan and Proposed Establishment of Tax Increment Financing District No. 5. V. Reports and Information A. Mann Property Purchase Agreement B. Consider Tax Abatement Use \Policy C. Marketing Focus Group Update D. Red Rock Station Area Study E. Hudson Manufacturing F. Hastings Bridge Update G. Certificate of Satisfaction — Eischen Cabinets H. Family Video Purchase Offer L Downtown Hardwire Alarm Update J. Business (Industrial) Park Update VI. Adjourn Next Meeting: June 10, 2010 HEDRA AGENDA NOTES FOR MAY 13, 2010 BILLS March Bills Ehlers & Associates $285.00 Financial Services —Hudson Bradley & Deike $80.00 Review Documents — Melson April Bills Ehlers & Associates $332.00 Financial Services — Hudson $475.00 Napa \Jiffy Site Dakota County $46.00 Melson Document Recording Bradley & Deike $32.00 Hollenbeck Documents Please see attached general ledger detail. MINUTES Please see attached HEDRA Meeting minutes from March 11, 2010 for your review and approval. BUSINESS A. Adopt Resolution: Request City Council Call a Public Hearing: Modification to Vermillion Street Redevelopment Area Plan and Proposed Establishment of Tax Increment Financing District No. 5. Linn Companies has submitted a concept plans to construct an 8,500 s.f. Napa Auto Parts Building at 15 and Vermillion Streets. Two concepts were presented showing different locations for the building on the site. The Development Review Committee has commented on the plans and its preference for having the building nearest the intersection of 15 and Vermillion. Please see attached plans. Ehlers and Associates estimates that $128,000 of TIF could be generated to assist in site preparation and reimbursement for demolition. EDRA will likely be asked to formally establish a TIF district on the site. Please see attached TIF analysis. Please see attached resolution, schedule, estimate of tax increment generation, and concept plans for Napa Auto Parts. REPORTS A. Mann Property Purchase Offer A preliminary agreement to acquire the Dennis Mann property at 23 and Vermillion has been submitted on behalf of HEDRA (please see attached). The proposal offer is $226,000 (about $6.25 per s.£). Mann's representative, CB Richard Ellis, indicated that they have received one other offer besides HEDRA and will be evaluating. Please see attached purchase agreement B. Consider Tax Abatement Policy \Use The City has been approached by a business in the Hastings Industrial Park seeking tax abatement assistance. David Osberg will be present to facilitate discussion on the desire to provide tax abatement assistance to businesses. Please see attached adopted Business Subsidy Criteria. C. Marketing Focus Group The Marketing Focus Group has met a total of three times. These meetings have provided great direction for staff to write an RFQ, seeking qualifications for interested consultant teams. A draft of this RFQ is included in your packet. Clarification is being sought regarding what exactly the Commission's goals are and what end product HEDRA would like to receive. Also clarifications is sought as to how much HEDRA is willing to spend on this initial study /branding effort, as well as whether or not there will be money available in future EDRA budgets to continue marketing efforts, or if this is a one year effort? Please see attached draft Request for Proposals D. Red Rock Station Area Study. The City of Hastings has submitted a grant application to MN Dot in the amount of $615,000 to fund construction cost of a 100 space park and ride lot on Block 16 near the depot. MN DOT is expected to announce grant recipients in July. If funded, the project could begin construction this year. Please see the attached concept plan. E. Hudson Manufacturing On March 23 the City met with representatives from Hudson Manufacturing and Intek to discuss the potential city acquisition of Hudson, as well as Hudson's potential purchase of the Intek facility. Further information will be presented at the meeting. F. Hastings Bridge Update • Demolition work is near complete of the former auto parts store on Vermillion Street. • Replacement of the western lattice tower with a monopole is nearly complete. The utility lines on top of the pole are scheduled to be lowered somewhat upon completion of the new bridge. The eastern lattice tower replacement may not take place until construction of the new bridge. • Rerouting of the electrical lines on the river flats is nearly complete. • The technical portion of the design \build proposals are due from contractors in the next couple of weeks; the cost estimate is due in mid June. MN Dot will review and assign points to the proposals and then divide the scores by the cost estimates. Final announcement of contractor and bridge type should take place in late June or early July. • Demolition of the Hudson Warehouse has been delayed, and will now be part of the design \build contract for the bridge — demolition won't take place until at least July. G. Certificate of Satisfaction — Eischen Cabinets Eischen Cabinets has satisfied its Industrial Park Land Credit obligations for construction of their second building at 625 Commerce Drive. The $49,984 deferred credit for land acquisition was granted in 2005 pending satisfaction of employment and construction obligations within five years. H. Family Video Purchase Offer The City Council will hold a public hearing on May 17 to consider sale of a portion of land located between Walgreens and 1101 Vermillion Street. Family Video has Family Video is interested in purchasing the existing home at 1101 Vermilion Street (located directly south of Walgreens) and construct a 4,000 to 6,000 s.f. video rental store on the site. Please see attached site location map. L Downtown Hard Wire Alarm Systems City Staff is arranging a meeting with downtown business owners to consider drafting a request for proposal seeking a single contractor to install hard wire alarm systems downtown. The 2010 CDBG budget allocates additional funding that may pay most (if not all) of the cost of alarm system installation. We are seeking a better estimate on the total cost and anticipate cost savings with a single contract. J. Business (Industrial) Park Improvements Update • The new Hastings Business Park Signs should be installed in the next couple of weeks. Please see attached final sign design. • Business Park roads will be seal coated and covered with trap rock beginning in June. Please see attached map. • All landscaping has been installed. The City will monitor planting and turf to ensure they become established. Please see attached sign design, and seal coat location map. ATTACHMENTS • March General Ledger Statement • April General Ledger Statement • HEDRA Minutes — March 11, 2010 • Resolution Ordering Public Hearing on TIF • Schedule for Events — TIF Establishment • Tax Increment Estimates • Napa Concept Plan • Purchase Agreement — Mann Property • HEDRA Business Subsidy Criteria • Draft RFQ for Marketing • Red Rock Parking Lot Concept Plan • Location Map — Family Video Purchase • Business Park Sign Design • Business Park Seal Location Map 4 -01 -2010 7:57 AM D E T A I L L I S T I N G PAGE: 1 FUND 407 - ECONOMIC DEV -IND. PK ACTIVE ACCOUNTS ONLY PERIOD TO USE: Mar -2010 THRU Mar -2010 DEPT SUPPRESS ZEROS ACCOUNTS: 180- 1502 -6201 THRU 180- 1502 -6570 POST DATE IRAN # REFERENCE PACKET = = = = == DESCRIPTION = = = = =_- VEND INV /PO /JE # NOTE = = = == AMOUNT = = == = = == BALANCE = = == FUND: 407 - ECONOMIC DEV -IND. PK 180- 1502 -6321 TELEPHONE B E G I N N I N G B A L A N C E 3/23/10 3/29 A79017 CHK: 940706 01696 PHONE SERVICE 000700 6.97 ONENET USA INV# MAR 10 /PO# _� � � _____= MARCH ACTIVITY DB: 6.97 CR: 0.00 6.97 *- *- *- *- *- *- *- *- *- *- * - * - *- 000 ERRORS IN THIS REPORT! ** REPORT TOTALS ** - -- DEBITS - -- - -- CREDITS - -- BEGINNING BALANCES: 319.99 0.00 REPORTED ACTIVITY: 6.97 0.00 ENDING BALANCES: 326.96 0.00 19.59 26.56 4 -01 -2010 7:57 AM FISCAL YEAR: Jan -2010 / Dec -2010 FUND: All PERIOD TO USE: Mar -2010 THRU Mar -2010 TRANSACTIONS: BOTH ACCOUNT SELECTION D E T A I L L I S T I N G SELECTION CRITERIA ACCOUNT RANGE: 180- 1502 -6201 THRU 180 -1502 -6570 DEPARTMENT RANGE: - THRU - ACTIVE FUNDS ONLY: NO ACTIVE ACCOUNT ONLY: YES INCLUDE RESTRICTED ACCOUNTS: NO DIGIT SELECTION: PRINT OPTIONS DETAIL OMIT ACCOUNTS WITH NO ACTIVITY: YES PRINT ENCUMBRANCES: NO PRINT VENDOR NAME: YES PRINT PROJECTS: YES PRINT MONTHLY TOTALS: YES PRINT GRAND TOTALS: NO PRINT: INVOICE /PO 4 PAGE BREAK BY: NONE PAGE: 2 — END OF REPORT "I 4 -01 -2010 8:29 AM D E T A I L L I S T I N G PAGE: 1 FUND 404 -HRA REDEVELOPMENT ACTIVE ACCOUNTS ONLY PERIOD TO USE: Mar -2010 THRU Mar -2010 DEPT SUPPRESS ZEROS ACCOUNTS: 500 -6003 -6201 THRU 500 -6206 -6402 POST DATE IRAN # REFERENCE PACKET - - - - -- DESCRIPTION - - - - -- VEND INV /PO /JE # NOTE - - - -- AMOUNT - - -- - - -- BALANCE - - -- FUND: 404 -HRA REDEVELOPMENT 500- 6003 -6321 TELEPHONE B E G I N N I N G B A L A N C E 19.23 3/23/10 3/29 A79017 CHK: 940706 01696 PHONE SERVICE 000700 6.39 25.62 ONENET USA INV# MAR 10 /PO# — � _� MARCH ACTIVITY DB: 6.39 CR: 0.00 6.39 500 -6003 -6337 INSURANCE - GENERAL LIABILITY B E G I N N I N G B A L A N C E 329.00 3/02/10 3/09 A78249 CHK: 940503 01668 GENL LIAB 44648 329.00 658.00 LEAGUE MN CITIES INSURANC INV4 33471 /PO# - - - - -- MARCH ACTIVITY DB: 329.00 CR: 0.00 329.00 500 -6003 -6340 INSURANCE- WORKERS CONPENSATION B E G I N N I N G B A L A N C E 528.99 3/09/10 3/11 A78631 CHK: 940578 01679 WORKERS COMP 44648 528.99 1,057.98 LEAGUE MN CITIES INSURANC INV4 17573 /PO4 _____________ MARCH ACTIVITY DB: 528.99 CR: 0.00 528.99 500- 6004 -6322 POSTAGE B E G I N N I N G B A L A N C E 9.42 3/01/10 3/16 B07411 Misc 000000 02135 February Postage JE4 003679 11.36 20.78 _� ______� � MARCH ACTIVITY DB: 11.36 CR: 0.00 11.36 500- 6005 -6304 LEGAL FEES B E G I N N I N G B A L A N C E 32.00 3/09/10 3111 A78595 CHK: 001037 01680 MELSON LOAN DOCUMENTS 06713 80.00 112.00 BRADLEY & DEIKE PA INV# 30054 /PO4 _____________ MARCH ACTIVITY DB: 80.00 CR: 0.00 80.00 4 -01 -2010 8:29 AM D E T A I L L I S T I N G PAGE: 2 FUND 404 -HRA REDEVELOPMENT ACTIVE ACCOUNTS ONLY PERIOD TO USE: Mar -2010 THRU Mar -2010 DEPT 500 HOUSING & REDEVELOPMENT SUPPRESS ZEROS ACCOUNTS: 500 -6003 -6201 THRU 500 -6206 -6402 POST DATE IRAN # REFERENCE PACKET = = = = == DESCRIPTION = = = = =_- VEND INV /PO /JE # NOTE = = = == AMOUNT = = == = = == BALANCE = = == 500- 6008 -6311 EXPERT & CONSULTANT B E G I N N I N G B A L A N C E 5,738.55 3/16/10 3/23 A78806 CHK: 001038 01686 FINANCIAL ADVISORY SVC - 17192 285.00 6,023.55 EHLERS & ASSOC INV# 341122 /PO# _____________ MARCH ACTIVITY DB: 285.00 CR: 0.00 285.00 *- *- *- *- *- *- *- *- *- *- * - * - *- 000 ERRORS IN THIS REPORT! ** REPORT TOTALS ** - -- DEBITS - -- - -- CREDITS - -- BEGINNING BALANCES: 6,814.69 0.00 REPORTED ACTIVITY: 1,240.74 0.00 ENDING BALANCES: 8,055.43 0.00 FUND: 405- GUARDIAN ANGELS - TIF 500- 6014 -6610 BOND INTEREST B E G I N N I N G B A L A N C E 0.00 3/09/10 3/11 A78651 CHK: 940571 01684 FINAL SETTLEMENT ESTIMAT 26810 580.91 580.91 GUARDIAN ANGELS /HASTINGS INV# MAR 10 /PO# _� _________= MARCH ACTIVITY DB: 580.91 CR: 0.00 580.91 - *- *- *- *- *- *- *- *- *- * - * - *- 000 ERRORS IN THIS REPORT! ** REPORT TOTALS ** - -- DEBITS - -- - -- CREDITS - -- BEGINNING BALANCES: 0.00 0.00 REPORTED ACTIVITY: 580.91 0.00 ENDING BALANCES: 580.91 0.00 FUND: 406 - HASTINGS - RIVERFRONT TIF FUND: 900 - INVESTMNT IN FIXED ASSETS 4 -01 -2010 8:29 AM FISCAL YEAR: Jan -2010 / Dec -2010 FUND: All PERIOD TO USE: Mar -2010 THRU Mar -2010 TRANSACTIONS: BOTH ACCOUNT SELECTION D E T A I L L I S T I N G SELECTION CRITERIA ACCOUNT RANGE: 500- 6003 -6201 THRU 500- 6206 -6402 DEPARTMENT RANGE: - THRU - ACTIVE FUNDS ONLY: NO ACTIVE ACCOUNT ONLY: YES INCLUDE RESTRICTED ACCOUNTS: NO DIGIT SELECTION: PRINT OPTIONS DETAIL OMIT ACCOUNTS WITH NO ACTIVITY: YES PRINT ENCUMBRANCES: NO PRINT VENDOR NAME: YES PRINT PROJECTS: YES PRINT MONTHLY TOTALS: YES PRINT GRAND TOTALS: NO PRINT: INVOICE /PO 4 PAGE BREAK BY: NONE PAGE: 3 — END OF REPORT "I 5 -05 -2010 10:57 AM D E T A I L L I S T I N G PAGE: 1 FUND 404 -HRA REDEVELOPMENT ACTIVE ACCOUNTS ONLY PERIOD TO USE: Apr -2010 THRU Apr -2010 DEPT 500 HOUSING & REDEVELOPMENT SUPPRESS ZEROS ACCOUNTS: 500 -6003 -6201 THRU 500 -6206 -6402 POST DATE IRAN # REFERENCE PACKET = = = = == DESCRIPTION = = = = =_- VEND INV /PO /JE # NOTE = = = == AMOUNT = = == = = == BALANCE = = == 500- 6003 -6206 DUPLICATING & COPYING SUPPLIES B E G I N N I N G B A L A N C E 0.00 4/22/10 4/26 B07585 March 02204 Copier charges JE# 003784 26.68 26.68 4/22/10 4/26 B07585 february 02204 Copier charges JE# 003784 37.60 64.28 4/22/10 4/26 B07585 january 02204 Copier charges JE# 003784 9.13 73.41 _---- - - - - -- APRIL ACTIVITY DB: 73.41 CR: 0.00 73.41 500 -6003 -6319 OTHER PROFESSIONAL FEES B E G I N N I N G B A L A N C E 147.83 4/13/10 4/13 B07512 Sry Chg 000000 02191 March JE4 003762 8.00 155.83 _� _________= APRIL ACTIVITY DB: 8.00 CR: 0.00 8.00 ----------------------------------------------------------------------------------------------------------------------------------- 500 -6003 -6321 TELEPHONE B E G I N N I N G B A L A N C E 25.62 4/20/10 4/27 A80220 CHK: 940969 01717 PHONE SERVICE 000700 6.31 31.93 ONENET USA INV# APRIL 2010 /PO# ----- - - - - -- APRIL ACTIVITY DB: 6.31 CR: 0.00 6.31 500- 6005 -6304 LEGAL FEES B E G I N N I N G B A L A N C E 112.00 4/06/10 4/09 A79656 CHK: 001039 01706 HOLLENBECK LOAN DOCUMENT 06713 32.00 144.00 BRADLEY & DEIKE PA INV# 30108 /PO# 4/20/10 4/27 A80242 CHK: 001040 01717 DOCUMENT RECORDING - MEL 12044 46.00 190.00 DAKOTA COUNTY PROPERTY RE INV# 87600 /PO# _� _______� = APRIL ACTIVITY DB: 78.00 CR: 0.00 78.00 500- 6008 -6311 EXPERT & CONSULTANT B E G I N N I N G B A L A N C E 6,023.55 4/20/10 4/27 A80245 CHK: 001041 01717 FINACIAL ADVISORY SVC - 17192 332.50 6,356.05 EHLERS &.ASSOC INV# 341232 /PO# 4/20/10 4/27 A80246 CHK: 001041 01717 FINANCIAL ADVISORY SVC 17192 475.00 6,831.05 EHLERS &.ASSOC INV# 341233 /PO# _____________ APRIL ACTIVITY DB: 807.50 CR: 0.00 807.50 5 -05 -2010 10:57 AM D E T A I L L I S T I N G PAGE: 2 FUND 404 -HRA REDEVELOPMENT ACTIVE ACCOUNTS ONLY PERIOD TO USE: Apr -2010 THRU Apr -2010 DEPT 500 HOUSING & REDEVELOPMENT SUPPRESS ZEROS ACCOUNTS: 500 -6003 -6201 THRU 500 -6206 -6402 POST DATE IRAN # REFERENCE PACKET = = = = == DESCRIPTION = = = = =_- VEND INV /PO /JE # NOTE = = = == AMOUNT = = == = = == BALANCE = = == *- *- *- *- *- *- *- *- *- *- * - * - *- 000 ERRORS IN THIS REPORT! ** REPORT TOTALS ** - -- DEBITS - -- - -- CREDITS - -- BEGINNING BALANCES: 8,203.26 0.00 REPORTED ACTIVITY: 973.22 0.00 ENDING BALANCES: 9,176.48 0.00 5 -05 -2010 10:57 AM FISCAL YEAR: Jan -2010 / Dec -2010 FUND: Include: 404 PERIOD TO USE: Apr -2010 THRU Apr -2010 TRANSACTIONS: BOTH ACCOUNT SELECTION D E T A I L L I S T I N G SELECTION CRITERIA ACCOUNT RANGE: 500- 6003 -6201 THRU 500- 6206 -6402 DEPARTMENT RANGE: - THRU - ACTIVE FUNDS ONLY: NO ACTIVE ACCOUNT ONLY: YES INCLUDE RESTRICTED ACCOUNTS: NO DIGIT SELECTION: PRINT OPTIONS DETAIL OMIT ACCOUNTS WITH NO ACTIVITY: YES PRINT ENCUMBRANCES: NO PRINT VENDOR NAME: YES PRINT PROJECTS: YES PRINT MONTHLY TOTALS: YES PRINT GRAND TOTALS: NO PRINT: INVOICE /PO 4 PAGE BREAK BY: NONE PAGE: 3 — END OF REPORT "I 5 -05 -2010 10:58 AM D E T A I L L I S T I N G PAGE: 1 FUND 407 - ECONOMIC DEV -IND. PK ACTIVE ACCOUNTS ONLY PERIOD TO USE: Apr -2010 THRU Apr -2010 DEPT 180 ECONOMIC DEVELOPMENT SUPPRESS ZEROS ACCOUNTS: 180- 1502 -6201 THRU 180- 1502 -6570 POST DATE IRAN # REFERENCE PACKET = = = = == DESCRIPTION = = = = =_- VEND INV /PO /JE # NOTE = = = == AMOUNT = = == = = == BALANCE = = == 180- 1502 -6321 TELEPHONE B E G I N N I N G B A L A N C E 26.56 4/20/10 4/27 A80220 CHK: 940969 01717 PHONE SERVICE 000700 6.58 33.14 ONENET USA INV# APRIL 2010 /PO# _____________ APRIL ACTIVITY DB: 6.58 CR: 0.00 6.58 *- *- *- *- *- *- *- *- *- *- * - * - *- 000 ERRORS IN THIS REPORT! ** REPORT TOTALS ** - -- DEBITS - -- - -- CREDITS - -- BEGINNING BALANCES: 326.96 0.00 REPORTED ACTIVITY: 6.58 0.00 ENDING BALANCES: 333.54 0.00 5 -05 -2010 10:58 AM FISCAL YEAR: Jan -2010 / Dec -2010 FUND: Include: 407 PERIOD TO USE: Apr -2010 THRU Apr -2010 TRANSACTIONS: BOTH ACCOUNT SELECTION D E T A I L L I S T I N G SELECTION CRITERIA ACCOUNT RANGE: 180- 1502 -6201 THRU 180 -1502 -6570 DEPARTMENT RANGE: - THRU - ACTIVE FUNDS ONLY: NO ACTIVE ACCOUNT ONLY: YES INCLUDE RESTRICTED ACCOUNTS: NO DIGIT SELECTION: PRINT OPTIONS DETAIL OMIT ACCOUNTS WITH NO ACTIVITY: YES PRINT ENCUMBRANCES: NO PRINT VENDOR NAME: YES PRINT PROJECTS: YES PRINT MONTHLY TOTALS: YES PRINT GRAND TOTALS: NO PRINT: INVOICE /PO 4 PAGE BREAK BY: NONE PAGE: 2 — END OF REPORT "I Hastings EDRA Hastings Economic Development and Redevelopment Authority 6:00 p.m. Hastings City Hall Minutes of March 11, 2010 HEDRA Commissioners Pam Holzem, Kurt Keena, Dennis Peine, Bob Hollenbeck, and Danna Elling Schultz present. Commissioner Ron Toppin and Anthony Alongi absent Staff present: Community Development Director John Hinzman, and Community Relations Specialist Shannon Rausch, MEETING CALLED TO ORDER AT 6:00PM I. APPROVAL OF MINUTES Minutes from the February 11, 2010 were presented; Commissioner Holzem moved to approve the minutes. Commissioner Peine seconded the motion; Motion passed 5 -0 III. BILLS Commissioner Hollenbeck moved to pay the bills. Elling Schultz seconded the motion. Motion passed 5 -0 IV. BUSINESS A. Change of Meeting Time Due to a conflict with the monthly meeting scheduled for April 8 ", Community Development Director asked if the Commissioners would be able to reschedule. Commissioners agreed and Commissioner Hollenbeck motioned to reschedule the April meeting for Tuesday the 6 beginning at 6pm. Commissioner Peine seconded the motion. Motion passed 5 -0 B. 3/50 Project The 3/50 Project is a nationwide effort challenging individuals to spend $50 per month at locally owned businesses as a mechanism to boost local economies. Local businesses and organizations can register to be a participant in the project at no cost. Hastings EDRA could sign up as a "supporter" and encourage locally owned businesses to do sign up as well. Commissioner Elling Schultz motioned that the City sign up as a supporter, Commissioner Hollenbeck seconded the motion. Motion passed 5 -0 Hastings EDRA: 2/11/10 V. REPORTS: A. EDRA 4 th Quarter 2009 Financial Statement: Community Development Director Hinzman presented the Financial Statement and Balance Sheet to the Commissioners for their review. B. Hudson Manufacturing The City is still awaiting response from Hudson representatives on our framework for potential purchase presented on February 3rd. City Administrator Osberg continues to make inquiries to determine the status. It appears the Hudson is looking for more from the City, though the City doesn't have much more to offer. For now the City continues to wait for Hudson to make decisions. The City notified that it was awarded a $250,000 grant from Dakota County CDA for potential purchase of Hudson. Our application received the highest score among those submitted. C. Bridge Updates The City received word that we have been awarded a $10,000 grant from DEED to assist with mitigating the impacts of the Highway #61 Bridge Replacement Project. These funds are meant to assist in clearly communicating the message that the Highway #61 Bridge will be open during construction, but for perhaps a few short periods of time. The decision on selecting the bridge contractor and type will likely take place in June or July. It appears that all three bridge design build contractors will be bidding on both the cable and arch bridge, and this may delay the decision. MnDOT still intends to begin construction by this Fall. New electrical lines have been installed around the staging site along Lock and Dam Road. Unneeded poles are scheduled to be removed at the end of March. D. Marketing Focus Group. Our first meeting was held with the focus group on March 10th at 7:30am. Kevin Hoeschen, Mark Vetvick, Leslie Neilson, Christian Schaffer, Norine Bishop, Barb Hollenbeck, and Karen Jung, all attended. At this first meeting the group identified: • What are current businesses doing for marketing? Websites, advertising in industry specific magazines (antique publications), Trying to get "bus tours" coordinated, in the process of creating a brochure that will be distributed to southern metro hotels, looking to do an art show and trying to raise money to put a mural on the Second Street side of Graphic Design's building, Partner with the Board of Tourism to place ads in various publications, booths at trade shows (including State Fair); and • What would local businesses like to do, but have not been able to do alone? Create and "all inclusive" business listing, regardless of buy -in /membership, some sort of "advertising" around the public dock, promote "shopping local" both to Hastings residents as well as visitors, "Word of Mouth" card campaign. Promote Hastings as "Dakota County's Downtown ", Businesses advertising other local businesses to customers — can they each set out sandwich boards advertising "lunch at .. " "find Hastings EDRA: 2/11/10 2 great gifts at ... " " stay at ... " etc. or a flyer /brochure that would include all locally owned businesses and restaurants, etc. that can be picked up or handed out by all businesses. Next meeting is scheduled for March 23, 2010 at 7:30 am. We also learned that within the RFP for the new Bridge MnDOT is requesting that the firm who is awarded the contract has their own designated staff person working as a business liaison with Hastings businesses to help in any way possible, including marketing /promoting the businesses. This may be a good resource to partner with as we move forward with our Marketing efforts. E. Mann Property /23rd Street Update Community Development Director Hinzman has contacted Dennis Mann about his interest in selling his vacant parcel on the 2300 block of Vermillion Street. (next to Gahnz Furniture) Mr. Mann appears to be interested but will be out of town until March 15th. The City will meet with him when he returns. John Hinzman has also been in contact with property owners along the east side of Vermillion Street between Gahnz Furniture and the Regency Inn to get their feedback on potential traffic changes and how they would affect future plans. Commissioner Elling Schultz recommended that the Commission consider partnering with Treasure Island to purchase land, fund traffic related improvements, etc. F. Red Rock Corridor Updates: Nothing new really to Report. Washington County has made an offer to purchase the old Knox location in Newport for the site of the parking lot there. G. Commercial /Industrial Vacancy Update For the past five years staff have been tracking the Commercial and Industrial availability throughout town. This report is done quarterly and can be found on the City's Website. A few items of note from the most resent study include: The Dust Jacket (bookstore on 2nd Street) is moving into the former consignment shop at 401 Vermillion Street. A few more vacancies have occurred downtown with the closing of Hastings Sewing Center (208 Sibley St), Fast Eddie's RD warehouse, (200 East 2 nd Street) and Fresh Fruit (219 Sibley St). ADJOURNMENT: Commissioner Holzem moved to adjourn at 6:50 p.m., Commissioner Keena seconded. Motion Passed 5 -0 Next meeting is scheduled for TUESDAY, APRIL 6, 2010 at 6:00pm in the Council Chambers. Shannon M. Rausch, EDRA Secretary Hastings EDRA: 2/11/10 3 HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT AUTHORITY CITY OF HASTINGS DAKOTA AND WASHINGTON COUNTIES STATE OF MINNESOTA RESOLUTION NO. RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF HASTINGS CALL FOR A PUBLIC HEARING ON THE PROPOSED MODIFICATION TO THE REDEVELOPMENT PLAN FOR THE VERMILLION STREET REDEVELOPMENT AREA, THE PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 5, AND THE PROPOSED ADOPTION OF A TAX INCREMENT FINANCING PLAN THEREFOR. BE IT RESOLVED, by the Board of Commissioners (the "Board ") of the Hastings Economic Development and Redevelopment Authority (the "HEDRA ") as follows: WHEREAS, the City Council (the "Council ") of the City of Hastings, Minnesota (the "City") established the Vermillion Street Redevelopment Area, pursuant to Minnesota Statutes, Sections 469.174 to 469.1799, inclusive, as amended, in an effort to encourage the development and redevelopment of certain designated areas within the City; and WHEREAS, the HEDRA is proposing a Modification to the Redevelopment Plan for the Vermillion Street Redevelopment Area and the establishment of Tax Increment Finance District No. 5 (the "District ") therein and the adoption of a Tax Increment Financing Plan therefore, pursuant to, and in accordance with, Minnesota Statutes, Sections 469.001 to 469.047, Sections 469.090 to 469.1082, and Sections 469.174 to 469.1799, inclusive, as amended; NOW, THEREFORE BE IT RESOLVED by the Board as follows: The HEDRA hereby requests that the Council call for a public hearing on July 19, 2010, to consider the proposed adoption of a Modification to the Redevelopment Plan for the Vermillion Street Redevelopment Area (the "Redevelopment Plan Modification ") and the proposed adoption of a Tax Increment Financing Plan (the "TIF Plan") for the establishment of the District (the Redevelopment Plan Modification, and TIF Plan are referred to collectively herein as the "Plans "), and cause notice of said public hearing to be given as required by law. 2. The HEDRA directs the Executive Director to transmit copies of the Plans to the Planning Commission of the City and requests the Planning Commission's written opinion indicating whether the proposed Plans are in accordance with the Comprehensive Plan of the City, prior to the date of the public hearing. The Executive Director of the HEDRA is hereby directed to submit a copy of the Plans to the Council for its approval subsequent to the public hearing. 4. The HEDRA directs the Executive Director to transmit the Plans to the county and the school district in which the District is located no later than June 18, 2010. 5. Staff and consultants are authorized and directed to take all steps necessary to prepare the Plans and related documents and to undertake other actions necessary to bring the Plans before the HEDRA Board and the Council. Approved by the Board on May 13, 2010. ATTEST: Kurt Keena, President John Hinman, Executive Director SCHEDULE OF EVENTS HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT AUTHORITY AND THE CITY OF HASTINGS DAKOTA AND WASHINGTON COUNTIES, MINNESOTA FOR THE PROPOSED MODIFICATION TO THE REDEVELOPMENT PLAN FOR THE VERMILLION STREET REDEVELOPMENT AREA AND THE PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 5 (a redevelopment district) Draft as of May 5, 2010 August 14, 2008 HRA adopts resolution making certain findings with respect to parcels being occupied by substandard buildings and other improvements. August 21, 2008 HRA approves Demolition Agreement with Linn Investment Properties, LLC. May 11, 2010 Project information (SEH report, detailed project description, maps, but /for statement, list of sources and uses of funds, and estimated fiscal impacts of the project public improvements and on fire and police protection) for drafting necessary documentation sent to Ehlers. May 13, 2010 HEDRA requests that the City Council call for a public hearing on the proposed Modification to the Redevelopment Plan for the Vermillion Street Redevelopment Area and the proposed establishment of Tax Increment Financing District No. 5. HEDRA Board provides guidance to staff on whether Linn Investment Properties, LLC., should be requested to pay for all or a portion of the cost of establishing Tax Increment Financing District No. 5; and other HEDRA out -of- pocket costs associated with the project, such as legal fees. May 17, 2010 City Council calls for public hearing on the proposed Modification to the Redevelopment Plan for the Vermillion Street Redevelopment Area and the proposed establishment of Tax Increment Financing District No. 5. May 21, 2010 Ehlers confirms with the City whether building permits have been issued on the property to be included in Tax Increment Financing District No. 5. June 4 2010* Project information submitted to the County Board for review of county road impacts if necessary* (at least 45 days prior to public hearing). *The County Board, by law, has 45 days to review the TIF Plan to determine if any county roads will be impacted by the development. Because the proposed tax increment financing district may require unplanned county road improvements, the TIF Plan will be forwarded to the County Board 45 days prior to the public hearing. Please be aware that the County Board could claim that tax increment should be used for county roads, even after the public hearing. [Ehlers will fax & mail on or by June 4, 2010.] EHLERS LEADERS IN PUBLIC FINANCE SCHEDULE OF EVENTS - PAGE 2 HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT AUTHORITY AND THE CITY OF HASTINGS DAKOTA AND WASHINGTON COUNTIES, MINNESOTA FOR THE PROPOSED MODIFICATION TO THE REDEVELOPMENT PLAN FOR THE VERMILLION STREET REDEVELOPMENT AREA AND THE PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 5 (a redevelopment district) June 8, 2010 Letter received by Dakota County Commissioner giving notice of potential redevelopment tax increment financing district (at least 30 days prior to publication of public hearing notice.) [Ehlers will fax & mail on or by June 8, 2010.] June 18, 2010 Fiscal/economic implications received by School Board Clerk and County Auditor (at least 30 days prior to public hearing). [Ehlers will fax & mail on or by June 18, 2010.] July 1, 2010 Ehlers conducts internal review of Plans. July 8, 2010 Date of publication of hearing notice and map (at least 10 days but not more than 30 days prior to hearing). [Hastings Star Gazette publication deadline, July 2, 2010, at 12:00 P.M. Ehlers will submit notice, map, and instructions to newspaper on or before July 2, 2010, via email at legals @hastingsstargazette.com.] July 8, 2010 HEDRA considers the Plans and passes a resolution adopting the Plans. [Ehlers will send packet information, via email, to the HEDRA on or by July 1, 2010.] HEDRA passes resolution authorizing an interfund loan in connection with Tax Increment Financing District No. 5. July 12, 2010 Planning Commission reviews the Plans to determine if they are in compliance with the City's comprehensive plan. [Ehlers will send packet information, via email, to the City on or by July 1, 2010.] July 19, 2010 City Council holds public hearing at 7:00 P.M. on a Modification to the Redevelopment Plan for the Vermillion Street Redevelopment Area and the establishment of Tax Increment Financing District No. 5 and passes a resolution approving the Plans. [Ehlers will send Council packet information, via email, to the City on or by July 12, 2010.] TBD Ehlers files TIF Plan with the MN Department of Revenue and the Office of the State Auditor, and requests certification of Tax Increment Financing District No. 5 with Dakota County. An action under subdivision 1, paraSraph (a), contesting the validity of a determination by an authority under section 469.175, subdivision 3, must be commenced within the later of: (1) 180 days after the municipality's approval under section 469.175, subdivision 3; or (2) 90 days after the request for certification of the district is filed with the county auditor under section 469.177, subdivision 1. EHLERS LEADERS IN PUBLIC FINANCE w O a C O E Q w m 07 O O M M oo Z U) 2 Z O w o Q w m w R L a R Q 0) W 0000 o�j �� v v 0000 � W R (6 (6 (6 (6 C O 0 0 0; 0 0 0 0 0 0 0 0 L 0 OOOV LO00in[ o"o 0 1O 0 0 " O Cl) Cl) 0 0 O N N O C COO V 0 O 0 V V O (D O � N N � O � � � � T LO LO CO N o y � ' W w R r j - U O O V U Q c O U o) a) R R V V � � Q � R a� U O x x F 5 N O o W a C O () w w m w w x W - w w Vl '� r. a ) U ? C U Q ?` J wa O E a C U N O 4 (6 0 U w a w w O a -0 Q o w �Z a o0 R ON No a' W Qw00 � U (6 w R R >. s> (6 c O E� m E �Lp� m a�� m00 x ._ a (6 U w N w a eq eq U d' -w eq eq w F O R U �. 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O s �`° U Ow F J Om,� Q z O W . p m H - ?: r � J J K O o w W a a a Z O Q J L> J 'N W U V D =O z N Vz a� zd Q O U E U N a ` PURCHASE AGREEMENT 1. PARTIES. This Purchase Agreement is made on this day of May, 2010, by and between Dennis A. Mann and Diana L. Mann, husband and wife, 620 11 t" Street W, Hastings, Minnesota 55033, Seller and the Hastings Economic Development and Redevelopment Authority, a public body corporate and politic under the laws of the State of Minnesota, with its principal place of business located at 101 East 4 Street, Hastings, MN 55033, Buyer. 2. OFFER /ACCEPTANCE. Buyer offers to purchase, subject to written approval by the Board of the Hastings Economic Development and Redevelopment Authority as provided herein, and Seller agrees to sell real property (hereinafter "the Subject Property" or "the Property ") legally described as follows, to -wit: Lot 7, and the North 44 feet of Lot 8, Block 1, Town of Vermillion (now City of Hastings), Dakota County, Minnesota; Dakota County Parcel Identification Number: 19- 81700 - 081 -01; In the event Buyer does not obtain written approval of the terms of this Purchase Agreement from the Board of the Hastings Economic Development and Redevelopment Authority by May 14, 2010, Buyer shall so notify Seller, this Agreement shall automatically terminate, all earnest money shall be returned to Buyer, Buyer and Seller shall execute a standard form Cancellation of Purchase Agreement, and neither party shall have any further obligation to the other. 3. ACCEPTANCE DEADLINE. The acceptance date of this Agreement is the date it is delivered by the last party signing to the other party. This offer to purchase, unless accepted sooner shall be void at 11:59 P.M. on May _, 2010, and in such event, all earnest money shall be refunded to Buyer. 4. PRICE AND TERMS. The price for the real and personal property included in the sale is Two Hundred Twenty -six Thousand and no /100 ($226,000), which Buyer shall pay as follows: earnest money of Two Thousand Five Hundred and no /100 Dollars ($2,500.00) by cash to be delivered and deposited in the trust account of listing broker no later than May 14, 2010 following approval of the Purchase Agreement by the Hastings Economic Development and Redevelopment Authority, and Two Hundred Twenty Three Thousand Five Hundred and no /100 ($223,500) cash, on , the DATE OF CLOSING. Closing shall occur at the office of the Buyer's title insurance company. 5. DEED /MARKETABLE TITLE. Upon performance by Buyer, Seller shall execute and deliver a general Warranty Deed, conveying marketable title, subject to: 1 A. Building and zoning laws, ordinances, state and federal regulations; B. Restrictions relating to use or improvement of the property without effective forfeiture provisions; C. Reservation of any mineral rights by the State of Minnesota; D. Utility and drainage easements which do not interfere with existing improvements; E. Exceptions to title which constitute encumbrances, restrictions, or easements which have been disclosed to Buyer and accepted by Buyer in the Purchase Agreement (Must be specified in writing): none. 6. REAL ESTATE TAXES AND SPECIAL ASSESSMENTS. Real estate taxes due and payable in and for the year of closing shall be prorated between Seller and Buyer on a calendar year basis to the actual date of closing, unless otherwise provided in this Agreement. If tax statements for such taxes are not available on the date of closing, the amount to be prorated shall be 100% of the prior year's taxes, and such estimated proration shall be FULL AND FINAL AS BETWEEN SELLER AND BUYER. Seller represents that the taxes due and payable in the year(s) 2010 are NON - homestead classification. SELLER SHALL PAY ON THE DATE OF CLOSING all installments of special assessments certified for payment with the real estate taxes due and payable in the year of closing. SELLER SHALL PAY ON THE DATE OF CLOSING all other special assessments levied as of the date of this agreement. SELLER SHALL PROVIDE FOR PAYMENT OF special assessments pending as of the date of this Agreement for improvements that have been ordered by the City Council or other governmental assessing authorities. (Seller's provisions for payment shall be by payment into escrow of 1 1/2 times the estimated amount of the assessments.) As of the date of this Agreement, Seller represents that Seller has not received a Notice of Hearing of a new public improvement project from any governmental assessing authority, the costs of which project may be assessed against the property. If a special assessment becomes pending after the date of this agreement and before the date of closing, Buyer may, at Buyer's option: A. Assume payment of the pending special assessment without adjustment to the purchase agreement price of the property; or B. Require Seller to pay the pending special assessment (or escrow for payment of the same as provided above) and Buyer shall pay a commensurate increase in the purchase price of the property, which increase shall be the same as the estimated amount of the assessment; or, C. Declare this Agreement void by notice to Seller, and earnest money shall be refunded to Buyer. SELLER SHALL PAY ON DATE OF CLOSING any deferred real estate taxes or special assessments payment of which is required as a result of the closing of this sale. Buyer shall pay real estate taxes due and payable in the year following closing and thereafter any unpaid special assessments payable therewith and thereafter, the payment of which is not otherwise provided for herein. Seller makes no representation concerning K the amount of future real estate taxes or of future special assessments. 7. DAMAGES TO REAL PROPERTY. If the real property is substantially or materially damaged prior to closing, Buyer may rescind this Agreement by notice to Seller within 21 days after Seller notifies Buyer of such damage, during which 21 -day period Buyer may inspect the real property, and in the event of such rescission, the earnest money shall be refunded to Buyer. 8. CONTINGENCIES. This Agreement, and Buyer's obligations to perform hereunder, are subject to the following contingencies which must be performed, satisfied, or waived before the Contingency Date: (a) Survey Buyer's obligation to perform under this Agreement is contingent upon Buyer obtaining a true and accurate survey from a Minnesota registered land surveyor, in form and substance acceptable to Buyer. Buyer agrees, at Buyer's expense, to obtain a survey as described herein within thirty (30) days from the date of this Agreement. In the event matters disclosed in the survey are, in Buyer's sole discretion, unsatisfactory, Buyer may, in a written notice to Seller, terminate this Agreement, and in that case all earnest money shall be returned to Buyer, Buyer and Seller shall execute a standard form Cancellation of Purchase Agreement, and neither party shall thereafter have any obligation to the other. If the survey reveals boundary or title problems, and is received by Buyer after the date for Buyer to make title objections as provided in paragraph 4, Buyer shall have an additional ten (10) days from the date of receiving the survey, in which to notify Seller of additional title objections. Buyer will provide a copy of the survey to Seller immediately upon receipt of same by Buyer. (b) Governmental Approvals by Buyer Buyer's obligation to perform under this Agreement is contingent upon Buyer obtaining all necessary approvals from the City of Hastings, Dakota County, and any other governmental approvals necessary for the planning, zoning and rezoning, platting, utilities extensions, street access, licenses, conditional use permits, variances, building permits, environmental permits, and any permits (collectively referred to as "Governmental Approvals ") for the proposed development of the Property. The cost of obtaining such Government Approvals shall be at Buyer's expense. Seller agrees to cooperate and join in with Buyer as necessary in any such applications, but without any expense to Seller, and in no event shall any instrument, including a plat, which would affect the title to the Property or cause assessments against the property be filed or recorded until Closing and transfer of title from Seller to Buyer. Buyer shall diligently proceed to acquire all such Governmental Approvals for the proposed development of the Property. (c) Environmental Assessment Buyer's obligation to perform under this Agreement is contingent upon Buyer obtaining, at Buyer's expense, a Phase I and if desired by Buyer, a Phase II environmental assessment of the Property by the Q Contingency Date, which is sufficient to meet the requirements of all applicable federal, state, and local laws, certified to Buyer as of a current date, evidencing conditions satisfactory to Buyer in Buyer's absolute and sole discretion. Buyer shall retain a qualified environmental scientist to conduct the environmental assessment. (d) Preliminary Investigation by Buyer or its Engineers Buyer's obligation to perform under this Agreement is contingent upon Buyer determining, in its sole discretion, by the Contingency Date, that the Property is suitable for Buyer's intended use of the property. Buyer and its authorized agents shall have the right to enter on the Property and to investigate, prior to the Contingency Date, the physical condition of the Property. To this end, Buyer and its agents may enter upon the Property for the purpose of making a survey, taking soil tests, borings and other tests deemed necessary by Buyer. Buyer shall, at Buyer's expense, restore those areas disturbed by such testing to their original conditions. Such tests shall be conducted without any cost to Seller, and Buyer agrees to indemnify and hold Seller harmless from all losses, liabilities, costs and expenses relating to the activities of Buyer and its agents in performing such tests. (e) Contingency Date The Contingency Date is If any of the contingencies have not, in the sole opinion of Buyer, been satisfied by said date, Buyer may so notify Seller, in writing, on or before the Contingency Date, that Buyer does not wish to proceed to purchase the Property due to a failure to obtain or meet a contingency in which event all rights and obligations hereunder shall terminate, any earnest money paid shall be refunded, the parties shall execute a written Cancellation of Purchase Agreement, and thereafter neither party shall have any obligations to the other. Further, however, Buyer may waive any and all contingencies that have not been satisfied by the Contingency Date. Unless Buyer has, by the Contingency Date, notified Seller or Seller's Broker, in writing, that there are one or more unsatisfied contingencies, and advised of which contingency or contingencies have not been met, and that because of said unsatisfied contingency or contingencies the Buyer is not going to proceed with the purchase, it shall be conclusively presumed that Buyer has waived any such contingencies and said contingencies shall no longer apply and the obligation of Buyer shall no longer be subject to said contingencies. 9. SELLER'S REPRESENTATIONS AND WARRANTIES, CONDITION OF PROPERTY. A. To the best of Seller's information, Seller knows of no hazardous substances or petroleum products having been placed, stored, or released from or on the property by any person in violation of any law, nor of any underground storage tanks having been located on the property at any time. B. Seller's warranties and representations contained in this paragraph 9 shall survive the delivery of the Deed, provided that any notice of a defect or claim or breach of M warranty must be in writing and any such notice with respect to matters referred to in Paragraph A. above must be given by Buyer to Seller within one year of the date of closing or be deemed waived. D. Other than the representations made in this paragraph 9, the property is being sold "AS IS" with no express or implied representation or warranties by seller as to physical conditions, quality of construction, workmanship, or fitness for any particular purpose. 10. DISCLOSURE OF NOTICES. Seller has not received any notice from any governmental authority as to violation of any law, ordinance or regulation affecting the property. If the property is subject to restrictive covenants, Seller has not received any notice from any person as to a breach of the covenants. 11. POSSESSION. Seller shall deliver possession of the property not later than the time and date of closing. All interest, fuel oil, liquid petroleum gas, and all charges for city water, city sewer, electricity, and natural gas shall be prorated between the parties as of 11:59 a.m. on the date of closing. 12. EXAMINATION OF TITLE. The Subject Property is part abstract property and part Torrens property. Within a reasonable time after acceptance of this Agreement, Seller shall, at Seller's expense, furnish Buyer with an Abstract of Title (or if no Abstract of Title is available, a Commitment for Title Insurance from the title insurer of Buyer's choice) as to the abstract portion of the Subject Property and a Registered Property Abstract as to the Torrens portion of the Subject Property certified to date including proper searches covering bankruptcies and State and Federal judgments, liens, and levied and pending special assessments. Buyer shall have ten (10) business days after receipt of the Abstract of Title and Registered Property Abstract either to have Buyer's attorney examine the title and provide Seller with written objections or, at Buyer's own expense, to make an application for a Title Insurance Policy and notify Seller of the application. Buyer shall have ten (10) business days after receipt of the Commitment for Title Insurance to provide Seller with a copy of the Commitment and written objections. Buyer shall be deemed to have waived any title objection not made within the ten (10) day period, except that this shall not operate as a waiver of Seller's covenant to deliver a statutory Warranty Deed, unless a Warranty Deed is not specified above. 13. TITLE CORRECTIONS AND REMEDIES. Seller shall have 120 days from receipt of Buyer's written title objections to make title marketable. Upon receipt of Buyer's title objections, Seller shall, within ten (10) business days, notify Buyer of Seller's intention to make title marketable within the 120 day period. Liens or encumbrances for liquidated amounts which can be released by payment or escrow from proceeds of closing shall not delay the closing. Cure of the defects by Seller shall be reasonable, diligent, and prompt. Pending correction of title, all payments required herein and the closing shall be postponed. A. If notice is given and Seller makes title marketable, then upon presentation to Buyer and proposed lender of documentation establishing that title has been made marketable, and if not objected in the same time and manner as the original title objections, the closing shall take place within ten (10) business days or on the scheduled closing date, whichever is later. B. If notice is given and Seller proceeds in good faith to make title marketable but the 120 day period expires without title being made marketable, Buyer may declare this Agreement void by notice to Seller, neither party shall be liable for damages hereunder to the other, earnest money shall be refunded to Buyer, and Seller and Buyer shall execute a Cancellation of Purchase Agreement. C. If Seller does not give notice of intention to make title marketable, or if notice is given but the 120 day period expires without title being made marketable due to Seller's failure to proceed in good faith, Buyer may seek, as permitted by law, one or more of the following: 1. Proceed to closing without waiver or merger in the deed of the objections to title and without waiver of any remedies, and may: (a) seek damages, costs, and reasonable attorney's fees from Seller as permitted by law (damages under this subparagraph (a) shall be limited to the costs of curing objections to title, and consequential damages are excluded); or (b) undertake proceedings to correct the objections to title; 2. Rescission of this Purchase Agreement by notice as provided herein, in which case the Purchase Agreement shall be void and all earnest money paid hereunder shall be refunded to Buyer. 3. Damages from Seller together with costs and reasonable attorney's fees, as permitted by law; 4. Specific performance within six months after such right of action arises. D. If title is marketable, or is made marketable as provided herein, and Buyer defaults in any of the agreements herein, Seller may elect either of the following options, as permitted by law: Cancel this contract as provided by statute and retain all payments made hereunder as liquidated damages. 2. Seek specific performance of this Agreement within six months after such right of action arises, including costs and reasonable attorneys' fees, as permitted by law. E. If title is marketable, or is made marketable as provided herein, and Seller defaults in any of the agreements herein, Buyer may, as permitted by law: Seek damages from Seller including costs and reasonable attorneys' fees; 11 2. Seek specific performance within six months after such right of action arises. TIME IS OF THE ESSENCE FOR ALL PROVISIONS OF THIS AGREEMENT. 14. NOTICES. All notices required herein shall be in writing and delivered personally or mailed to the address as shown at paragraph 1, above and, if mailed, are effective as of the date of mailing. 15. MINNESOTA LAW. This contract shall be governed by the laws of the State of Minnesota. 16. WELL DISCLOSURE. Check one of the following: Seller certifies that Seller does not know of any wells on the described real property. Wells on the subject real property are disclosed by Seller on the attached Well Disclosure form. 17. INDIVIDUAL SEWAGE TREATMENT SYSTEM DISCLOSURE. Check one of the following: Seller certifies that there is no individual sewage treatment system on or serving the property. Individual sewage treatment systems on or serving the property are disclosed by Seller on the attached disclosure statement. 18. SELLER'S AFFIDAVIT. At closing, Seller shall supplement the warranties and representations in this Purchase Agreement by executing and delivering a Minnesota Uniform Conveyance Blank [form No. 116 -M, 117 -M, or 118 -M] Affidavit of Seller. 19. CONDITION OF PROPERTY. Seller shall at Seller's expense remove all personal property from the Subject Property, including all vehicles, trailers, signage and debris, at least five (5) days prior to the Date of Closing. 20. CLOSING COSTS. The costs of closing, if not determined by other provisions of this Agreement shall be paid as follows: A. SELLER'S CLOSING COSTS. Seller shall pay the following costs at closing: 1) Document preparation costs, recording fees, and deed taxes for documents necessary to establish good and marketable title in Seller. 2) Document preparation costs, certified copy fees, and recording fees to rA establish the authority of the person acting on behalf of Seller. 3) Document preparation costs for Seller's deed, Certificate of Real Estate Value, Seller's affidavit, Wells Disclosure Certificate (if required), and any other documents necessary to transfer good and marketable title by Seller's deed. 4) Deed tax on Seller's deed and the Agricultural Conservation deed tax charged under Minn. State. §40A.152. 5) Fees payable to Seller's lawyer or to a closer ( "title closer ") for conducting the title- transfer portion of the closing. If Seller is not providing a lawyer or title closer for the title- transfer portion of the closing, then Seller shall pay one half of the closer's fee. B. BUYER'S CLOSING COSTS. Buyer shall pay the following costs at closing: 1) Document preparation costs, recording fees, and mortgage registry taxes for documents necessary for Buyer's mortgage financing. 2) Document filing fee for a Well Disclosure Certificate, if applicable. 3) The Agricultural Conservation deed tax on Buyer's mortgage deed charged under Minn. Stat. §40A.152. 4) Loan closer's fee. 5) Recording fee for deed, contract for deed, or other instrument of conveyance where Buyer is the grantee. 21. BROKERS. Seller shall pay all costs associated with work performed by the Seller's Broker. 22. ADDENDA. Attached is /are (number) 0 addendum /addenda which is /are made a part of this Agreement. I agree to sell the property for the price and terms and conditions set forth above I agree to purchase the property for the price and terms and conditions set forth above. SELLER: Dennis A. Mann (Date) SELLER: Dianna L. Mann (Date) BUYER HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF HASTINGS, A PUBLIC BODY CORPORATE AND POLITIC UNDER THE LAWS OF THE STATE OF MINNESOTA BY: Kurt Keena IT'S: President FQ This Instrument Drafted By: FLUEGEL LAW FIRM P.A. 1303 South Frontage Road, Suite 5 Hastings, MN 55033 (651) 438 -9777 HEDRA's Marketing Request For Qualifications INTRODUCTION The Hastings Economic Development and Redevelopment Authority (HEDRA) is seeking request for qualifications (RFQ) from professionals, teams or consultants to prepare, a Hastings Awareness /Shop Local Branding Campaign to coincide with the construction of the replacement for the Highway 61 Bridge. Proposals are due by 4:00 p.m. on Friday, MONTH XX, 2010. The purpose of this plan is to guide HEDRA's decision - making relative to the promoting of business growth, tourism, utilization and prioritization on the expenditure of funds for marketing efforts in Hastings and the creation of a Shop Local Branding Campaign. The final document will, in addition to providing a unique economic development marketing strategy for Hastings, provide concise recommendations and implementation measures to support existing businesses, attract new costumers, and contribute to the immediate, intermediate and long term economic sustainability of the community. Development of this plan will be overseen by a Focus Group consisting of members from HEDRA, Local Business Owners, and City Staff. This plan should serve to guide HEDRA in future marketing efforts, outlining priorities and strategies for the next three to five years. HEDRA and the City of Hastings place great value in the unique identity of Hastings and expects the successful proposer to build upon this uniqueness by incorporating distinguishing features of the community through a high level of creativity and innovation. Hastings is an "authentic ", "independent" "changing" "stand along community" and these terms should be considered as responding firms put together their team and response to this RFQ. BACKGROUND HEDRA desires to implement a successful marketing campaign that will attract, retain and promote local businesses and encourage residents to "shop local." One of the major advantages to the City in terms of meeting these desires is its location near the Twin Cities, yetjust outside the ring of suburbs. Hastings is located to the Southeast of the Metro area, approximately 20 miles from of downtown St Paul. The City consists of 11.6 square miles and has approximately 22,000 residents. Hastings is rich with history and proud of it's distinction of being a city with its own identity, notjust another suburb. Founded in 1857 Hastings is full of charm and historic characteristics. With a vibrant, attractive, safe, healthy historic downtown at its heart. We offer quality neighborhoods and a high standard of living, with abundant opportunities for learning, shopping, working, recreation and enjoyment of over 30 parks, 25 miles of bike trails and plenty of open spaces. Hastings' quality of life is among the highest in the country due to its safe neighborhoods, community programs and excellent schools. Residents and visitors enjoy convenient and diverse shopping and activity opportunities with our numerous locally own shops and a great bike trail system providing access to the Mississippi, St Croix and Vermillion rivers. ESTIMATED BUDGET AND TIMELINE The estimated budget for this project is $10,000. This marketing plan will guide HEDRA's decision - making in regards to targeting marketing efforts in Hastings and the creation of a "Shop Local" branding campaign. It is anticipated that work will begin in late 2010. GOAL OF THE STUDY & SCOPE OF SERVICES Overall Goal HEDRA's goal of creating a successful Awareness and Shop Local Campaign can only be accomplished through the development of goals, objectives and measurable implementation policies which are consistent with HEDRA's overall goals. Marketing • Determine the best opportunities for the City of Hastings' marketing efforts. • Identify the characteristics of our target audience and develop a plan to capture them. Who are the most likely to come to the City to shop, spend the day, or stay overnight. (Some businesses believe Red Wing, Rosemount /Apple Valley, Farmington, and Cottage HEDRA's Marketing Request For Qualifications Grove /Woodbury are home to many of their customers). How do we turn visitors into customers. Many people are already in town for various other reasons (local residents, day trippers,, jury members, sports spectators, those attending school events, etc.). • Develop marketing means including key messages and measurements for success. • Identify the destination strengths of the City. • Create implementation strategies that promote and strengthen existing businesses such as • marketing efforts, targeting visitors, and the sponsorship of new events that draw visitors • into the City. • Define Hastings' market niche and develop a marketing plan. Besides the Historic Downtown area, what are other elements of the City that are of interest to visitors. • Determine the top priorities for the expenditure of HEDRA's marketing dollars and establish priorities for a long -term marketing effort. • Prioritize marketing activity and programs identified in the study for implementation. • Develop anticipated cost and fiscal budgetary needs to implement the marketing strategy. MEETINGS Outline how many meetings your team will anticipate having with HEDRA, the Focus Group, and others involved. SUBMISSION REQUIREMENTS & EVALUATION The City intends to select qualified consultants, based on the responses to this RFQ to meet with the City in order to determine who best meets project needs. Selected consultants may be asked to submit a proposal outlining their ideas to determine final selection. Responders must indicate the following: • Qualifications to perform the requested services. • Previous successful experience completing similar projects. • A description of the proposed project team. • A brief summary of each team member's qualification and experience including length of service and resume of key personnel who will be responsible for and assigned to the project. • At least three (3) references for similar projects, including contact name and telephone number. The results of the reference checks may affect the award. • Method of completing required deliverables. - The City will review and evaluate proposals received from eligible consultants in response to this RFQ based on the general criteria defined below: • The consultant's overall approach in providing a plan and understanding of the services requested, including completeness and clarity of submission, and qualitative nature of the services proposed. • The consultant's demonstrated ability, organizational capacity, and financial ability and capacity to carry out, in a timely manner, the services as specified in the RFQ. • The consultant's qualifications, proven record, and experience including referrals in providing the type of professional services requested in the RFQ. • Location of office where work will be performed and availability of personnel to respond to the City's requests in a timely manner. SUBMITTALS Consulting firms must submit all requested information contained herein in the format as requested. Firms shall provide a cover letter and submittals shall be in 8.5X 11 format with 11 X1 7 foldouts, if applicable. The applicant must submit six (6) copies and an electronic copy, in Adobe Acrobat Reader format (.pdf). HEDRA's Marketing Request For Qualifications CONTACT INFORMATION AND QUESTIONS The following shall be the contact person for the project: Shannon M. Rausch, Community Relations City of Hastings All questions regarding the RFQ shall be sent via email to srauschgci.hastings.mn.us. SUBMITTAL DEADLINE The statement of qualifications must be received by the City of Hastings by 4:00 p.m. on Friday, MONTH XX, 2010. Consulting firms are encouraged to submit their request for qualifications as soon as possible. The City is not responsible for late delivery of mail or other carrier. Late submittals will not be considered under any circumstances. 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