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HomeMy WebLinkAbout11-17-1994 1146 ECONOMIC DEVELOPMENT COMMISSION AGENDA NOVEMBER 17, 1994 6:00 P.M. MOUNDS VIEW CITY HALL COUNCIL CHAMBERS 1. CALL TO ORDER (6 P.M. 2. ROLL CALL (Present = P, Absent = A) Goff Schmidt Malone Seipp Mountin Welsch Nelson Quick (EDA Liaison) J , t' Bennett (Staff) `}J 41) 3. APPROVE EDC MINUTES October 27, 1994 Action: Motion Second Vote 4. SPECIAL BUSINESS \ A. Presentation Regarding Process for Hotel Development in Vandais Heights Hank-Tessier-,-Executive-Vice-President Vandais Heights Economic Development Corporation (VHEDC) Gerry Urban, City Administrator, Vandais Heights • 5. EDC BUSINESS A. Consider Removing Highway 10 Redevelopment Plan Vision and Action Steps from the Table. Action: Motion : Second � Vote Comments: B. Consideration of Highway 10 Redevelopment Plan Vision and Action Steps Action: Motion Second Vote Comments: C. Discussion Regarding Financial Need of Mounds View Businesses and Structure of Business Assistance Program(s). Action: Motion Second Vote Comments: D. Discussion of Relationship with Business Association - Financial Support Action: Motion Second Vote Comments: E. Discussion of Tax Increment Financing Funds for Capital Projects • • Action: Motion Second Vote Comments: 6. ADJOURN P.M. Next Meeting December 15, 1994 4v 4,1>/ Minutes of the Economic Development Commission City of Mounds View • Ramsey County, Minnesota Regular Meeting November 17, 1994 City Hall 2401 Highway 10, Mounds View, MN 55112 1. Call to Order: The meeting was called to order at 6:02 p.m. by Chairperson, Delane Welsch. Commissioner Nelson volunteered to take the minutes for the meeting. 2. Roll Call: Members present were as follows: Rosemary Goff, Dan Nelson, Delane Welsch, Mark Malone, Ron Schmidt and Phil Seipp. In addition, Economic Development Coordinator Cathy Bennett was present. Member Peg Mountin and EDA Liaison Gary Quick were not present. 3. Approval Of Minutes: The following amendments were made to the October 27, 1994 minutes: 4. Special Business: Change motion from Pegg to Mountin. • 5.C. EDC Business: line 3, "signage as a development issue should addressed" Motion/Second: Goff/Nelson moved approval of Minutes of EDC Meeting, October 27, 1994 as amended. 6 ayes0 nays Motion Carried 4. Special Business A. Presentation Regarding Process for Hotel Development in Vadnais Heights Gerry Urban, City Administrator of Vadnais Heights, gave an overview on the 5 year process the City of Vadnais Heights and the Economic Development Corporation have been through to attract a hotel project. Mr. Urban stressed community and business involvement in the process and suggested evaluating the need for a hotel by surveying the surrounding area businesses. A two phase feasibility study was done for the project at a cost of approximately $5,000 per phase. The City's EDA has committed TIE for the project and has purchased the property. Motion/Second: Seipp/Nelson moved to direct staff to draft questions and research the cost to survey area businesses on the need for a hotel/conference center in Mounds View. 6 ayes 0 nays III Motion Carried. 1 • 5. EDC Business: A. Remove Highway 10 Redevelopment Plan Vision and Action Steps from the Table. Motion/Second: Schmidt/Malone to remove agenda item 5.a. from the table. 6 ayes° nays Motion Carried B. Consideration of Highway 10 Redevelopment Plan Vision and Action Steps. Motion/Second: Goff/Schmidt move to establish a subcommittee to review Highway 10 Redevelopment Plan Vision and Action Steps and appoint Mountin, Welsch and Schmidt to the subcommittee. 6 ayes° nays Motion Carried C. Discussion Regarding Financial Need of Mounds View Businesses and Structure of a Business Assistance Program. Coordinator Bennett gave a brief overview of the results of 69 surveys from the North Metro Business Retention Program with regards to need for financing. It was reported that 41% of the 69 businesses placed a high to medium priority on additional capital to assist their business. • Commissioner Malone mentioned that initially the program should be structured to assist those businesses who are already in Mounds View. It was also suggested to provide a program where the dollars invested are distributed among several businesses for a better return both financially and from a public relations standpoint. Commission members discussed several other guidelines taking into consideration the area business needs. Motion/Second: Nelson/Welsch move staff to draft a business assistance plan for review at the next meeting. 6 ayes° nays Motion Carried D. Discussion of Relationship with Business Association The commission directed staff to draft a resolution for review at the next meeting in support of the Businesses Association. E. Discussion of Tax Increment Financing Funds for Capital Projects. Coordinator Bennett explained that the attached information was the estimated and budgeted tax increment funds for 94 and 95. In addition, Bennett mentioned the most recent developments which were funded through the use of tax increment financing. There was no action on this item. 6. Reports From Chair and Commissioners: Commissioner Schmidt brought forward the potential need for a secretary from City staff to take the minutes of the meeting because the designated secretary is unable to participate in the • discussion of the items before the commission. 2 Coordinator Bennett mentioned that the designated secretary from the Commission was mostly needed to record the motions and that notes regarding the discussions of the meetings and the • actual preparation of the minutes were currently being done by City staff. Motion/Second: Schmidt/Malone to request a recording secretary for the EDC. 1 ayes5 nays Motion Denied 7. Adjournment There being no further business before the Commission, this meeting of the Economic Development Commission adjourned at 8:24 p.m. Respectfully Submitted, jeol Economic De pment Coordinator 111 i 3 ECONOMIC DEVELOPMENT COMMISSION AGENDA • NOVEMBER 17, 1994 6:00 P.M. MOUNDS VIEW CITY HALL COUNCIL CHAMBERS / �%% % 4"%� ! �/0 1 . CALL TO ORDER P.M. 2. ROLL CALL (Present = P, Absent = A) Goff Schmidt Malone Seipp Mountin Welsch Nelson Quick (EDA Liaison) Bennett (Staff) 3. APPROVE EDC MINUTES 1111 October 27, 1994 Action: Motion Second Vote 4. SPECIAL BUSINESS A. Presentation Regarding Process for Hotel Development in Vandais Heights Hank Tessier, Executive Vice President Vandais Heights Economic Development Corporation (VHEDC) Gerry Urban, City Administrator, Vandais Heights 5. EDC BUSINESS A. Consider Removing Highway 10 Redevelopment Plan Vision and Action Steps from the Table. Action: Motion Second Vote Comments: • B. Consideration of Highway 10 Redevelopment Plan Vision and Action Steps . Action: Motion Second Vote Comments: C. Discussion Regarding Financial Need of Mounds View Businesses and Structure of Business Assistance Program(s). Action: Motion Second Vote Comments: D. Discussion of Relationship with Business Association - Financial Support Action: Motion Second Vote Comments: • E. Discussion of Tax Increment Financing Funds for Capital Projects Action: Motion Second Vote Comments: 6. ADJOURN P.M. Next Meeting December 15, 1994 Minutes of the Economic Development Commission City of Mounds View Ramsey County, Minnesota Regular Meeting October 27, 1994 UNAppRoVED City Hall 2401 Highway 10, Mounds View, MN 55112 1. Call to Order: The meeting was called to order at 6:10 p.m. by Chairperson, Delane Welsch. Commissioner Goff volunteered to take the minutes for the meeting. 2. Roll Call: Members present were as follows: Rosemary Goff, Peg Mountin, Dan Nelson, Delane Welsch, Mark Malone, Ron Schmidt and Phil Seipp. In addition, Economic Development Coordinator Cathy Bennett and EDA Liaison Gary Quick were present. 3. Approval Of Minutes: Motion/Second: Unanimous Approval of Minutes of EDC Meeting, Sept. 22, 1994. • 7 ayes 0 nays Motion Carried 4. Special Business A. Presentation Regarding Redevelopment of Highway 64 Corridor in Columbia Heights Don Schneider, Columbia Heights Housing Authority and Roger Jensen, Anoka County Economic Development Partnership gave a history of the development of the Columbia Heights tax increment district projects. Information was provided on problems encountered, positive spin-off, relocation costs, loan programs and housing projects. B. Education Linkages with Local Schools Jan Quick, a city resident and career placement specialist at Irondale High School proposed that the Commission look at establishing linkages between Irondale students and local businesses. She indicated that student graduates are seeking employment in the general work force rather than going into higher education and that many need help in obtaining entry level employment. Coordinator Bennett suggested that she work with the Mounds View Business Association to see if they want to take on this project. Also, Coordinator Bennett could provide job posting received at City Hall to the school. Motion/Second: Pegg/Malone, to direct Coordinator Bennett to pursue a partnership between the business community and Irondale High School. 7 ayes 0 nays Motion Carried • 1 5. EDC Business: A. Remove Highway 10 Redevelopment Plan Vision and Action Steps from the Table. • Motion/Second: Mountin/Nelson to remove agenda item 5.a. from the table. 7 ayes 0 nays Motion Carried B. Consideration of Highway 10 Redevelopment Plan Vision and Action Steps. Motion/Second: Mountin/Nelson to table agenda item 5.b. and direct staff to distribute figures A-D of the Old Highway 10 Corridor Plan drafted in 1991 to Commission members for review. 7 ayes 0 nays Motion Carried C. Consideration of Resolution No. EDC94-3, Supporting Kinder Care's request for a sign variance. Coordinator Bennett reported that Kinder Care is seeking a variance from the sign ordinance and suggested that the Commission consider a resolution supporting this request. Commissioner Seipp questioned whether it is the Commission's role to make this kind of recommendation since the charge of the Commission is long range planning. The consensus of Commission members was that signage is a business development issue should be address as a whole for all businesses. The sign ordinance needs to be updated with input from the business community on what works with signage. No recommendation was made on this item. D. Consideration of Small Business Person of the Year. Motion/Second: Seipp/Malone that: whereas, the City of Mounds View has been requested to nominate a candidate for U.S. Small Business Administration's 1995 Small Business Person of the Year, the Mounds View Business Association shall be encouraged to establish some means of honoring individual business people so that a qualified candidate can be nominated for 1996. 7 ayes 0 nays Motion Carried 6. Other Business Hotel Proposals: Coordinator Bennett reported that two preliminary proposals for the construction of hotels/conference centers have surfaced. Commission members agreed that there is a need for a hotel/conference center in the area from both the business and resident perspective. Coordinator Bennett was directed to pursue and research both proposals. Report on North Metro Business Retention and Development Program: Coordinator Bennett reported that there are a total of 166 businesses in Mounds View. A total of 79 companies have completed the retention survey. Coordinator Bennett gave a brief overview of some of the findings from the surveys completed and the breakdown of the business community. 7. Reports From Chair and Commissioners: Discussion was held on the next step for the Commission. For the next meeting Coordinator Bennett will evaluate the financial side of the business retention survey, get facts on funds available for business retention projects and more background data on financial needs of Mounds View businesses. 2 Discussion was held on how to fuse the bond between the City and the Business Association. • Coordinator Bennett will communication to the Business Association that the Commission is willing to try and assist them in their efforts to establish viability. The Commission directed Coordinator Bennett to include the following for the November meeting --- Hotel Development, Mounds View Business Association Assistance, Available funding for business development and Vision for Highway 10. 7. Adjournment There being no further business before the Commission, this meeting of the Economic Development Commission adjourned at 8:55 p.m. Respectfully Submitted, Economic Development Coordinator • • 3 Staff Memo To: Economic Development Commission Members From: Cathy Bennett, Economic Development Coordinator Date: November 10, 1994 Agenda Item: Special Business - Vandais Heights Hotel Development. The City of Vandais Heights and the Vandais Heights Economic Development Corporation have been working on securing a hotel on the corner of County Road E and 35E for the past 5 years. The project is on schedule to begin construction in 1995 with the support of the entire community. To gain some insight on the process for attracting such a facility, I have invited the City Administrator of Vandais Heights, Gerry Urban and the Executive Director of the S Vandais Heights Economic Development Corporation, Hank Tessier to the EDC meeting this Thursday. I have included a description of the project and the location of the Inn at City Center. This information came from a larger report which outlines market, cost, financing and design data. i j 111 THE INN AT CITY CENTER VADNAIS HEIGHTS, MINNESOTA PROJECT DESCRIPTION The proposed Inn at City Center, Vadnais Heights, Minnesota is a 112- room, five-story limited service hotel with parking for 135 cars on a site of approximately 2.7 acres. Project Location The hotel will be located within the City of Vadnais Heights' planned City Center redevelopment area on County Road E, near the intersection of County Road E and Interstate 35E. The City Center project, more fully detailed in another section, will include commercial, retail, and office development and the new Vadnais Heights City Hall. Wal-Mart will begin construction of a new facility at the southwest corner of 35E and County road E in the spring of 1993. III The hotel site is located less than one-half mile north of the 35E/Highway g ay 694 interchange, which contains one of the highest traffic volumes in the Twin Cities Metropolitan area. It is only 10-15 minutes from both downtown Minneapolis and downtown St. PaLl, and is conveniently located near two major regional shopping centers, Rosedale and Maplewood Mall, the University of Minnesota, Como zoo, and to a growing number of large corporate headquarters and businesses (please reference letters of interest from local business included in another section). Located directlyacross the street from the hotel is Perkins Restaurant,estau ant, open 24 hours a day. Adjacent to the hotel to the east is Ruberto's Restaurant, a 210 seat full-service restaurant and lounge specializing in American and Italian signature cuisine. Ruberto's also includes an attractive banquet facility of 6,500 square feet and an additional 3,000 square feet of pre- function and smaller meeting space. Ruberto's banquet facility is ideally designed for a variety of functions, including theater-style, conference, classroom, dinner, reception, and exhibition/display. The hotel and banquet facility will be excellent, business-generating compliments to one another. 3 1 • Guest Amenities For the convenience of the hotel guests, there will be a large front entry protected by a porte-cochere. Two additional guest entry and exit points will be provided, allowing for convenient access to and from the parking area. Convenient, weather-protected access will also be provided to Ruberto's Restaurant and banquet facility located directly to the east. An outdoor terrace and children's play area will be located adjacent to the indoor pool area in a beautifully landscaped area facing the south and west. The Inn at City Center will include an indoor swimming pool and whirlpool located conveniently off the lobby/entry area and an exercise equipment room. A versatile meeting/conference room for meetings of 10-30 people and an executive board room for smaller groups will be provided. The hotel will offer the following additional features: - Free continental breakfast - a free continental breakfast will be served daily in the hotel lobby area. - Free local telephone calls - local calls made from the guest room are free of charge. I . - Guests 18 years of age and younger stay free when they share a room with one or both of their parents. - Free in-room movies. - Designated non-smoking and handicapped-accessible rooms. Guest Rooms The 112 guest rooms will be attractively decorated and comfortably furnished. These rooms will include a chest dresser, table, chairs, a built-in closet or armoire, remote control television, clock radio, full length mirror. fitted bedspreads, headboard, framed artwork, and ceramic tile floors and surrounds in the bath area. Approximately 10 percent of the rooms will be deluxe suites or modified suites with separation of the sleeping and living areas. These deluxe units will include a double person hot tub and refrigerator/bar area. Disabled-accessible and non-smoking guest rooms will be available upon request. Dry cleaning and room service via nearby restaurants will be offered. Additional features will include fax mail, pay per view in-room movies, in-room check-out, and in-room video text. I i The. Inn at City Center will use a sophisticated, totally integrated computerized-Hotel Management/Reservation System for administrative functions, including guest registration and check-out, billing, telephone charges, and as a link to a nationwide reservation center. It is anticipated that the hotel will enter into a license agreement with one of several national hotel chains, prospectively including Hampton Inn Hotels, Inc.. a division of the Promus Companies and Holiday Express, a division of Holiday Inns, Inc. 1:1325\vadnsdesc.wib I I I I • I I I I I • } _ter >�t-0 t 4 1iillit...;. • ! • o PEN L0[ i. dnai tVgpir sf 687 East County Road "F" Phone 429-5343 VADNAIS HEIGHTS. MINNESOTA 55110 * METRO LOCATION C 96 65 35E V41 © To Stillwater 0 94 494 --/-741 Minneapolis St. Paul I „ 94 A paw oonCD 1 internauonai airport m I. I CD Scale: 0 3'/2 7 { { 'miles 1" = approximately 7 miles ill Al i Staff Memo To: Economic Development Commission Members From: Cathy Bennett, Economic Development Coordinator Date: November 10, 1994 Agenda Item: Consideration of Highway 10 Redevelopment Vision and 5a. & 5b. Action Steps. / //ze///////////////////%//%///O/%//////DO//////O%///////////i��,i%,ii ////,://4,;, x %�///%D//iii/../////////%//////O//%//////%%/ This item was again tabled in October due to the absence of figures A-D of the Highway 10 Corridor plan which was drafted in 1991. I have combined figures B-D since the information comes from the same map. I will also bring a large map to the meeting designating these areas. Currently, no action has been taken on the attached plan and it is still in draft format. The information is useful to evaluate the concept of designated sections of the corridor. IIIIIAgain, keep in mind the goal in the Focus 2000 report which addresses Highway 10: Create a plan to redevelop Highway 10 into a community oriented boulevard. I have included the section of the Focus 2000 report for your review. Please review the attached material and come prepared with ideas for a vision statement which the commission will use as a guideline throughout the highway 10 planning process. • GOAL NO. 7 Create a redevelopment plan for Highway 10 as a community ori- ented boulevard. • One of the many ideas that came out of the Focus 2000 project was the creation of a Highway 10 Task Force to study the feasibility of turning this highway into a more user friendly,community-oriented boulevard. One major barrier to any alteration from the existing situation is lack of local control. Currently the State has jurisdiction over this Highway,but it is expected to be turned back to the local units of govern- ment in the next decade. Local control would afford the City the opportunity to take the necessary action to create the type of boulevard desired by the commu- nity. It is in the City's best interests to plan for the time when Highway 10 will be within the City's jurisdiction and take a pro-active role in deciding the future of Highway 10. S 1994 ACTION STEPS: • Create a Highway 10 Redevelopment Task Force or related task force under the Economic Development Authority to develop a long range strategic plan for the redevelopment of Highway 10. • Complete an inventory of properties on Highway 10, noting zoning,use,activity and prop- erty condition. • Evaluate long and short term uses and recommend changes. • Evaluate use of professional redevelopment consultant for Highway 10 Corridor Study and Plan Development. 1995- 1999 ACTION STEPS: • • Develop Highway 10 Redevelopment Plan as per Highway 10 Task Force proposal and Economic Development Authority directive. • Examine infrastructure compatibility with proposed plan and determine costs associated with design concepts. • Seek grant money for implementation of plans. • Determine implementation timeframe and funding source for Highway 10 Redevelopment Plan. • Communicate to stakeholders via printed and cable media,public meetings,and special mailings, the process by which the Redevelopment Plan is developed and implemented. • Complete inventory of all non-conforming land uses along the Highway 10 Corridor for potential amortization. • Examine streetscape trends and"downtown" rehabilitation plans implemented in other cities. • Complete input of all relevant land use data on Geographic Information System. • Develop timeframe for the total amortization of all non-conforming land uses along High- way 10 Corridor. • • OLD HIGHWAY 10 CORRIDOR PLAN Old Highway 10 Corridor bisects Mounds View from southeast to northwest and includes 1000 feet on either side of the center line of the highway. (Districts along the Corridor include: 1, 2 , 5, 6, 8, and 12 ; refer to Figure A. ) The highway serves the community as a major east-west arterial; because of the highway's diagonal arrangement, it also serves as the north-south arterial. The Corridor itself is characterized by a mixture of land uses and has typically lacked organization and identity. Significant vegetation exists along the Corridor, intermixed with areas of vacant land and residential uses. However, close examination discloses the difficulty of visually determining where Mounds View begins and ends. Virtually all non-residential development and major vacant parcels of land are located within the Old Highway 10 Corridor. Thus, the opportunities for significant change are focused on this area. The high level of accessibility has attracted a number of highway and commercial uses. Figure B depicts the zoning along the Corridor. As has been noted elsewhere in this document, much of the zoning conflicts with the Comprehensive Plan for this area, particularly in reference to residential housing. The residentially planned areas have commercial zoning overlays or existing commercial use incursions. Highway and commercial zoning Districts depicted by the shaded areas in Figure C dominate the Corridor. A significant natural resource base of tree massing, wetland and open water exists within the Corridor. These provide a rein- forcement to the image Mounds View wishes to continue develop- ing. . .a City of Trees. There are several properties within the borders of the Corridor wherein use or setbacks do not conform to present standards. These particular parcels present unique problems for planning, not all of which will reach resolution in the near future. They can only be noted, addressed and planned for future conformity with zoning standards. The diagonal nature of the highway makes it an attractive arteri- al but creates significant parceling difficulties and traffic conflicts with multi-legged or non-right angle intersections and odd-shaped parcels of land. Along with this zoning and develop- ment configuration is an extensive pattern of individual lot access. These individual lot access points characterize the independent nature of the development within the Corridor as contrasted with coordinated development plans. 410 Rev. 8/91 1 A number of vacant parcels presently exist along the Corridor, presenting opportunities for multi-unit residential and/or commercial development. Any development along Highway 10 should not preclude the extension of Knollwood south of Ardan Avenue. Regardless of the ultimate land use, parcels along the Corridor will have to be established with enough depth to provide for adequate building setbacks and to effectively manage site access. At past public meetings, the neighborhoods abutting the Corridor have expressed their desire to continue residential development. Care must be exercised in accomplishing this to assure that the existing residential property owners along the Corridor are not being used as a buffer to protect the majority of residential uses beyond the immediate Corridor impact area. The areas of low density residential abutting commercial uses are particularly susceptible to Corridor development and is referenced in Figure D. Old Highway 10 should be viewed and planned as Mounds View's "Main Street. " As such, development within the Corridor needs to be organized and managed to reflect a positive identity for the community and, to the extent possible, one which reinforces the desired image. A plan which seeks to establish the Corridor as a regional or sub-regional trade center or collection of regionally oriented 4111 land uses is not readily supportable. The pattern of competing regional centers (Northtown, Brookdale and Rosedale shopping centers) serves the city well. The availability of sites within the city, of significant size to provide for consolidated busi- ness within a possible regional center, is also limited. Com- petition, accessibility and site capability serve to reduce the potential and desirability of structuring a major regional center here. The treatment of the Corridor as a continuous commercial highway strip development is plausible and potentially achievable. However, such an evenly treated, single-purpose District oriented to highway retail and commercial uses contradicts the overriding objective of Old Highway 10 development. That objective seeks to establish an identity and organization to the Corridor which produces a "Main Street" . . . a community-oriented environment. The creation of an Old Highway 10 Corridor and management frame- work recognizes the mutually reinforcing uses available in the area. The Corridor framework and concept of "Main Street" further suggests the categorization of the area into several distinct sectors: East Gate, City Center and West Gate. East Gate, centered on the junction of Old Highway 10 and I-35W, would serve the regional traveler and emphasize highway commercial and hospitality uses. 4111 Rev. 8/91 2 City Center would be the core of Old Highway 10 and reinforce the existing development, creating a strong sense of center and community orientation. Uses would continue to be a mixture of public uses at the govern- ment center, along with organized community retail uses in the two retail Districts straddling the highway. The major government center, library, and community park features reinforce the community nature of the District. West Gate, located at the north-western end of Old Highway 10, presents the greatest challenge in planning as well as the greatest potential. The lack of a cohesive, functional plan for the redevelopment of this portion of the city must be overcome prior to any significant advancement. The complexity of land assembly and other changes necessitates significant local government involvement, especially concerning the question of financial incentives. Public treatment, regulation and individual parcel development must blend together with a strategy to achieve a series of guidelines for the development framework: 1. Old Highway 10 should function as the City's "Main Street" and project a positive, identifiable image for 4111 Mounds View. 2 . The existing City government offices, community parks and recreational areas should serve as the area to be identified as City Center, the focal point of the community. This component of the City would also be a suitable location for additional office park facili- ties, should the market support such expansion. 3 . Major gateways (as noted earlier) , physically marking the entrances to the community should be established as the East and West entrances to the City on Old Highway 10. 4 . The Corridor should be classified into East Gate, West Gate and City Center with appropriate regulations and investments to reinforce the differing but coordi- nated sectors. 5 . Landscape and lighting harmony should be achieved over a period of time with a coordinated program of public investments in the right-of-way and private investment on adjacent lands as development or redevelopment occurs. 4111 Rev. 8/91 3 6. Landscape, signing and lighting guidelines should be established for the areas within and adjacent to the Corridor. 7 . Access for individual lots to Old Highway 10 should be eliminated or consolidated over time to prevent a negative impact on the traffic capacity of the Corridor and to improve the arrangement of abutting uses. 8. Land parcels, whether residential, commercial or industrial, need to be of sufficient size to relate appropriately to Old Highway 10, traffic and circula- tion considerations, the building site and their relationship to abutting neighborhoods. 9 . A network of pathways linking all Districts to City Center's retail, parks and other services needs to be facilitated through the creation of easements as opportunities present themselves. 10. A landscape and set-back buffer for the Corridor should be created by regulation to protect differing adjacent uses. It may be possible to use this buffer as part of an overall pathway system. 1111 Specific land use designations and site layouts are the logical next steps, keeping the following points in mind: 1. The Corridor area is in need of improvement; current commercial uses are infringing on residential areas without adequate buffering. 2 . Lot depth along Old Highway 10 needs to be in- creased to permit effective site layout and on-site traffic management. 3 . Individual lot access along the highway needs to be either consolidated or phased out and new access prohibited. 4 . New development should be on a scale consistent with the neighborhoods, recognizing this may require financial assistance from government sources. • Rev. 8/91 4 • Staff Memo To: Economic Development Commission Members From: Cathy Bennett, Economic Development Coordinator Date: November 10, 1994 Agenda Item: Discussion Regarding Financial Need of Mounds View Businesses (5c) and the Structure of a Business Assistance Program. At the last meeting it was suggested to review what Mounds View businesses need in terms of financial assistance to improve and sustain the business climate and the type of programs the City of Mounds View should to fulfill the needs of the community. The following is a brief analysis of the 69 completed surveys from the North Metro Retention Program: • approximately 41% place a high to medium priority on additional capital to assist their business ♦ Of those that placed a high to medium priority on financing, • 14% needed to finance facilities • 11% capital equipment . • • 21% working capital 10% inventory • 10% answered that financing was very important in making expansion or relocation decisions. ♦ Only 9% of the companies requested more information regarding financing assistance. In evaluating the kind of assistance the City should provide to local businesses and for the attraction of new businesses, it may be useful to review what is currently available. • Tax Increment Financing - can be used for purchase of land and public improvements. The use of TIF must fit specific requirements -- namely that the development would not happen without this assistance. • State Economic Recovery Grant - Funds provided to a City to start a revolving loan fund. To be eligible the City must apply for a particular qualifying company. This program is very restrictive and competitive with all other cities in Minnesota. The City may receive up to $500,000 in any one year under this program. • Ramsey County Business Loan Program - Businesses can apply for a low interest loan for equipment or the development of land and building. This loan typically provides the gap financing and is packaged with private funds. Again, this program is very competitive hiring which mandates the to enter into an and there is a hiring requirement ��iw id company agreement to hire a percentage of new employees through the County's JTPA Program. I have included information on some of these programs and a sample of other programs offered by Cities in Minnesota. At the EDC meeting we will discuss the direction of the assistance program with regards to types of loans, targeted industries and eligibility requirements. Minnesota Department of Trade and Economic Development(DYED) Community Development Division 500 Metro Square 12I 7th Place East Saint Paul,MN 55101-2146 612;296-5005 (Metro area) Program Profile. 1-800-657-3858(Greater Minnesota) Fax: 617/296-5287 Economic Development Program Program purpose: To create new or retain existing jobs and stimulate new private investment when other private or public sources are unavailable. How it works: Grants are awarded to general-purpose local units of government who then make gap-financing loans to assist new or expanding businesses. Eligible applicants: Cities, counties, townships and recognized Indian Tribal governments. Minimum. All projects must meet a minimum score based on private investment and the . requirements: number of jobs created or retained. Eligible projects: Loans for land, buildings or equipment. May also be used for infrastructure improvements necessary to support businesses located or intending to locate in Minnesota. Ineligible projects: Requests for working capital loans, retail development or the development of • new industrial parks will not receive priority consideration. • Maximum available: $500,000. Only one grant per state fiscal year can be awarded to a government unit. Other funds required: At least 50 percent of total project costs must be privately financed through • owner equity and other lending sources. Most applications selected fon funding have at least 70 percent private financing. Interest rate: Negotiated. Terms: Real estate at maximum of 20 years,machinery and equipment at 10 years. Collateral Negotiated. Personal guarantees may be required. requirements: Applications accepted: On a year-round basis through the Community Development Division's single application process. Approving authority: Department of Trade and Economic Development. Disbursement of funds: As costs are incurred but prorated with other sources of funding. Contact: DTED/Community Development Division at(612) 296-5005. 4111 .i--' o w I-,t0 � , o 03 0 PJ 'b .d d b :h r . c 0 o ?' G a 72 . co m CD CD • . ofl)< 2, , w o✓ n. ,.,..1-' CD U p w• obcGW'.* .CI )• o < _ ill ' cD _B"' rn ' ' C . .col G .z wad p ., K 5 m CDaocD w 5 col 0 o a' ;a, ci) m cp w m uA •ta • po co iii m oC w w -+ G0 o U. co �a. a0 w aoa. Ba� oo . ' w ocoO c � w (i),, C o • cD G. l• c d ' Do o. ,-scD G. m ,-,- << o. 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Ui o r ' p e0•.'.0 n0 e0•r W �• ""' COfwerD P y .8 ,nw,_, CO o CM o 111 , ta, .4: D, c< ..,_ . .., . C.) jC�y o::,,a O 1F- 01.‘;•-i � _1 , -, _ � ct 1 _ EIV LI Q) 1-1—i .ter— P11:14: [ . GC1 C • , 4013112: cu C) 5b.o LSE E < w 1 ii, ..,L,' ;4.1 • co E j a VMS M , Iir, , • Ramsey County Community and Economic Development 250 Court House t 15 West Kellogg Boulevard St. Paul, MN 55102 , . • PIt a I � na 72, :7 CD GW �O .� �" "cL, CC Gil 1-c---'--------j-----'-/ co Z 0 o sem. aD r' O O J 3 0) cu= " q o „ o c ` 00011 L7 y et E ._ o V �, to,„_,'"4 CO GV 0 SI-2 ( m t cL) h I•• "J V cc L" Z p _„ �_ C\l w c) If I �r .$,,) r O .Q x O U d g CO o 85 ®` �+? O ��" c m � � U] tea` .� 1 m m0 •Vi 0 cc '"J cct C' —I-II c ® t `¢ s,8 • Brooklyn Park Development Fund Limited Partnership Small Business Loan Program Policy Guidelines 1 . The Partnership's economic assistance will be limited to (i) making loans to target projects to the extent qualifying project costs are not covered by a loan from a qualifying lending institution (i.e. , the Partnership will loan an amount equal to the shortfall or "gap" between the amount of the loan received from the lending institution and applicant's projected project cost) or (ii) guarantying the "gap" if such is funded by a loan from a lending institution. 2. Qualifying project costs include costs associated with (i) operating a target project or (ii) rehabilitating a target project. 3. Target projects are limited to (i) industrial, commercial or business concerns located in the City of Brooklyn Park, Minnesota (the "City") or (ii) projects located in the-City which will create or retain jobs for residents of the City. 4. Qualifying lending institutions are limited to federal or state chartered lending institutions which have a physical facility located in the City. 5. Partnership loans/guarantees must be secured. 6. The underlying loan from the lending institution will be processed by the lending institution and must be approved by the lending institution before the Partnership's participation will be considered. 7. Partnership will receive a processing fee from the applicant (if funded) . 8. The Guaranty/Loan Limits are indicated below: Loan Amount Guaranty Amount $0 - $49,999 Up to 50% of the loan, not to exceed $12,500 total, whichever is less $50,000 and Above Up to 25% of the loan, not to exceed $25,000 9. At all times loans will comply with the laws of the State. Comprehensive Plan and Zoning 10. The projects must be in accord with the Com p Ordinances of the City. If not, the Partnership loans/guarantees may be approved if there is evidence that changes to applicable plans and ordinances GPW64424 are under active consideration by the City at the time of approval, with lean. • approval subject to the City's final approval of such plans or ordinances- 11 . rdina .ces.11 . The applicant must agree to retain ownership of the project =:t least long enough to complete it, to stabilize its occupancy, and to establish the project management. 12. All Partnership loans/guarantees will need to meet the "but for' test: loans/guarantees will be approved only if it is demonstrated that, but for the Partnership's economic assistance, the project could not proceed in the manner proposed. 13. Partnership loans/guarantees will not be approved when, in the sole judgment of the Partnership, the applicant's credentials are inadequate because of prior failure to complete projects, general reputation, bankruptcy, or other problems or issues considered relevant by the Partnership. 14. Partnership loans/guarantees will not be approved for projects that would generate environmental problems in the opinion of the Partnership or local, state or federal governments. 15. Partnership loans/guarantees will not be approved for projects in which any Partnership affiliate, including officers, directors or employees of a general partner or limited partner, holds a substantial interest. -- CONFORMANCE WITH THESE POLICY GUIDELINES DOES NOT CREATE AN ENTITLEMENT TO THE CREDIT ENHANCEMENT APPLIED FOR. THE POLICY GUIDELINES STATE THE MINIMUM REQUIREMENTS WHICH MUST BE MET TO APPROVE AN APPLICATION. THE LIMITED PARTNERSHIP RETAINS FULL DISCRETION TO ACCEPT OR DENY APPLICATIONS ON THE BASIS OF ADDITIONAL CRITERIA. ALL APPLICATIONS ARE SUBJECT TO APPROVAL, IN WRITING, BY THE GENERAL PARTNER. 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(� 7 7 7 7 CD O ¢) V) (LZ C 5" <. 7 �' a Si) (D a < (O 7 O O �. c°D `m' c Q c �' CD v �' CDD CO m 3 m !D c 3' O m 0— Cn Q m - 3 0 cn - o �!' CD cD s o ca o • (�D •� � 5.-. CD (D (n � o (D c (D 3 CD �' (° V.• CD x CQ' • Kai!. Please send me more information and an application for the Commercial Signs Rehabilitation Grant Program. hank you! NAME ADDRESS Cl) o '- ami z z n c. 0E kms} Li. cn (D O <rf. COInC o 7 ZrnW0 Cn 0. ._- Q � O vac %tI }._. a... CC CO 1- Q. 0CL, N 00. O ccO V �,.,t— 1 � !--{ H--� I"— r==' _. GRANT —�.v �� SIGN R -_ ="=` - � ion i111ap BOUNDARIES __._; /� �_ _ - LOCat - �� I w `" t —� � 1--- -1 , '-c-,',-,.,-,',--.. ,�.�� \ III a +.� / �-- _ ~�. _ r,..� -^� �-.' ��-y �'� �) .,. �'—. � 1 IAV te^ ii I „I » i r ^ i!; � i Ii i , _ (---- /� _._,, ,______ rte— � ^ I --1 - — ', cuI , , ,_ ..,,x �i �' /� — r-- s I i -4 i y/ �I ----, ,_____._. 1 # r 7.-1 Lc"' - --As\ ---------- �— ! 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NAME •DDRESS CITY STATE ZIP PHONE .°2c Aigftir-: E '6' % 2 as Tes al Z '4 O N E O m o _ E Z x - v a b ». a3 � a� . } LLI—I W ❑ V (ICC • !] Pd mr çfI1J; ,yt:_m .- 3 ai i aromfai O QQ��¢ 0 RS Z a -my 2 co upl '4 CI o l 44r to � a•� s. 2 c � � •� �" c a, oE . cto6c co0 . 7 �fr.xi , ,�` 0 • ooz F---- _J '., ` c ,. CC PROGRAM BOUNDARIES I I II $T. II II 11 �� N. �� II �� a lb L.! G .c121 O~ Q1 x ...w.»- t f. M/11NSTREET • vi , 'tat • 1 to f a ," yd .. N Lai w w a a; c c a w O/. $ .. Is ST. S. G Ist • ,t,` "S cD Q u Central 1 L Q - - Park M�� N L m r":-: f LCI :; ,., I ol d• 3rd ST. —1 Place Stamp Here HOPKINS CITY HALL Community Development Department 1010 - 1st Street S. Hopkins, MN 55343 • 1 �'. o, CD 0 0 5 0 CD x .' '1 I.,.• =•►� i"'• ?. CD => 0 = cv *1 Gra ( p 0 0., � �' � � C A� 0 ��' �D A� CD S O ,--• o C o r# • g. `� 0 cr — !--i :ID,� J'•'r O `� «r. o.". �..• „ CD r• . CA CCD F; (..A.)'CI c4. �' . 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(I) P4 =i. � 0 a) N bA .. o C CCS •. a) •C c a) W `n z� A «s c� 'n .b C q N p � cn o ;; zc > ` ) o a) = � ) c4 N q m r--- v� ° - p o w OQ' c °O N. c = "v RI tr,N c0 5 Z °? aU NaU o. a CZ. U a W cr cz U a czi ,CD C)1. C = 3 .- - �Ill , - __I V.7‘. C fl cts < LY U mo- .'w,,,.. M.., \\A*, , \ o -4.4 U .- a) .0 - >,O a) i+. c.) F '?Q' - I: O oma .- oa. +., a �� � �' '� ��' � �-�( 7,---4 : • ,•••4 0.0— � a� o a o Ct-0 a o 1. a o E — ..a •= -- --y 0 `" -� 7 .= Q„ I I a � a < °50cq . ° 3a � a0C Business Development Fund. (BDF) "...to provide public financial support for growth and redevelopment in manufacturing, industrial and distribution sectors of the Minneapolis economy." Who's Eligible: Any owner,business or Current Budget $400,000 developer within the City or planning to locate in Minneapolis. Application Procedure: Contact the Estimated Annual Production: Loan MCDA Business Finance Department to amounts limited to $75,000: estimated . 11111 riiscuss and review your project. that 6-8 projects assisted each year. Contact Person: Bob Lind, 673-5068, Business Finance Department Program Summary: The Business Development Fund (BDF) is a leveraged loan program to further economic development by encouraging growth in the manufacturing and industrial sectors of the economy. BDF loans will be in cooperation with other public/private lending, generally subordinated to the other lender financing. The maximum loan amount is $75,000; terms are generally 5-10 years with negotiated interest rates. Loans may be forgiven based on job creation. • - 36 - Working Capital Program • "...to assist small businesses in obtaining bank financing for business operations." Who's Eligible: Small businesses that Current Budget: Not applicable have been in operation for at least one year are eligible. Bars and restaurants are not eligible. Application Procedure: Call the Estimated Annual Production: Business Finance Department for an Based on demand • application. Contact Person: InciNathanson, 673-5183, Business Finance Department • Frog-ram Summary: Small business generally borrow up to about $60,000, but there is no ceiling on the loan amount. The MCDA guarantees =% of the bank's loan or the first $30,000 of the loan, whichever is less. • - - Two-percent Revolving Loan Fund Program (2% RLF) • "...to provide an incentive to small business owners to upgrade their place of business or to purchase production equipment." Who's Eligible: Individual business Current Budget $900,000 owners, partnerships, and corporations that have the ability to repay the loan and are an acceptable credit risk • Application Procedure: Contact the Estimated Annual Production: MCDA Business Finance Department to 40 loans per year request an application and program guidelines. Contact Person: Susan Thompson, 673-5177, Business Finance Department Program Summary: The 2% RLF is a partnership between the MCDA and local banks to provide financial assistance to Minneapolis small businesses for exterior and interior improvements and-the purchase of production equipment. The program provides a dollar-for-dollar matching loan up to a maximum of$30,000 at an interest rate of 2%. Local banks provide matching funds of at least an equal amount at the current ent Interest rate (which cannot exceed 2% over the prime rate of interest). The maximum term of the loan is 10 years. • - 41 - 7,9 i • O O ? ^� ..o g o- o o a...^3 2=>i 7 �� 7;7 0 0 0 ^3 0�>. . =� O I• Q St .•:_dYn,92i O0 p• �c• g:Q9aag^noi Op• ,`,. ���f�i.� ��<c�TQcg�'C:?O O�� ?tr.,- Zee >�o$i?-z a' ..--,- ••••-• � `/ �_p .- o`„-,°• a_3°-_-eoo -c t'C� •,,o.... 3a n.•oaoc 1 illil:lila (0 Q.. 7�'Cn°c:•°-o0..�j-3 j O - PQ a- a or.-5g� a•-0 •-• PQ ,,. - * 3 <3P.a__-o=o^-c? > �O O m o_ 05t-opo^ ca 0 I a C 'C ell fpr_-o oi" -o a3 m .. - p .. ..-73.*,..-. > 3m 1 O t o?3•330-=GI =tea 6N� 3 = . a0ji_u. .a2 5.3 a'2•9 3 ?O I �.� 29'o3yo��°4 �_ °£ _00 ^Iw 9-9.-o$ ao4 43=�o£ C Qw m� <.._0000ioS _>joc? Vim - = P '�no�ooSa _0g°oo co Q P 4 . �C '+7 0 20 0- .0= <oQ. pap Q0 0' S4D'-ao5 <z�: O 0 �m PO <.0 °,03 oaa X. _3oa 3•-• 2.2'.2.^= o 0 3 s > Oa.y C o' -294 oo�c <`oo claim4 $� m,�C . a c2. -. Seo .5C.o0 °- 3 W `�G 3 Q 3 000 Sag o--�- SOvm. _0 33 �c� 2--$- w a w a �°0 T o a _o' 7� _co a o 0 p ^10 N aca°- Qa ,. n�? 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At the October meeting there was significant discussion with regards to the EDC's support and/or participation with the Mounds View Business Association. It was recommended that staff research the availability of funds to support the Business Association. The following are my findings: College Internship Program - The business association could pursue an intern from numerous metro business colleges or universities for the administration and marketing of the business association. The Suburban Chamber frequently hires interns to assist in the development of i new programs and coordination of current programs. The intern could be responsible for preparing programs which would run throughout an entire year and coordinate these programs for the semester in which they receive class credit. Minnesota Chamber of Commerce - They do not provide funds to start business associations or chambers of commerce but they will provide professional assistance in developing programs and strategies for the business association. The Suburban Chamber of Commerce will also provide professional assistance and may also jointly participate in events and activities to give the local business association more exposure. UofM - Business Retention and Development Program - I have put a call into George Morse at UofM extension services to see if they provide any assistance to local business associations. The main issue is that the business association needs more active support from the businesses in Mounds View to be successful. The EDC may want to pass a resolution which supports and recognizes the value of a local business association to the community. Also, we can continue to make recommendations for activities which they should actively pursue such as the evaluation of the U.S. Small Business Administration - Small Business Person of the Year and providing technical assistance to small emerging businesses in Mounds View. • 110 Staff Memo To: Economic Development Commission Members From: Cathy Bennett, Economic Development Coordinator Date: November 10, 1994 Agenda Item: Discussion of Tax Increment Financing Funds for 5.e. Capital Projects. % % /;,,i /%%/%//O/j%/O%!�///%//////�///////i%%///////moi/��//O"A%/ //'%i%///////i° At the request of the commission, the attached is a brief summary of the funds generated from the existing tax increment financing districts. These funds are used to pay off existing bonds, the economic development and marketing programs and other potential capital projects. Attached is the actual and projected numbers for 1994 and 1995 respectively. I am working with our financial consultant to update the financial analysis through the • year 2015. In 1994, three new projects were approved using tax increment financing. They are Multi-Tech's 60,000 s.f. expansion, C.G.HiIl's 30,000 new construction and the Silver Lake Pointe Senior Apartments. These projects need to be included in the analysis for an accurate projection of available funds. When the analysis is complete, I will have the finance director and financial consultants present the information to the EDC. We hope to have this information for the December meeting. If you have questions with regard to the attached information please contact me prior to the meeting so that I may be able to get the answers from the City's financial director prior to the EDC meeting. i 0 % S 2 ^ S / \ Q N f N co I CO C) N co N £ > a ' / 4 a a N } CO r- CO G co N e N .. } \ c N s & Q k 2 0 N • r _ e w _ ¥ vi # 5 G \ \ • % % 2 G ° % 2 S $ 7 / 0 ,_CO : / = m d- , ,— C6 & 7 \ _ \ \ \ \ R \ ai \ c / Cr' ▪} m 03 w 0) _ CO — 2: ® : ® ® e _ Cl 4-, \ k _ e ® g \ cb ƒ @ .7 ............. / b / 2 2 \ / } & 0 ria: _ � k = Z Z \ 2 2 44.o § q j \ � ± \ CO U - @ co§ U 2 w _ 4--, / c C 7 f \ / / a) _ , o 3 \ 0)• is 2 $ / C _ g LU $ » $ a k \ b • a \ t § : > \ ) 2 ta \ 0 .°) \ \ o a) ( a) ® j \ } j k \ ` ° / \ a) \ » j � \ k \ } LLI CC 03 -0 \ 'k \ % » § a c = 0 O CD ® / w I- I- � U. * § _