HomeMy WebLinkAbout09-28-2000ECONOMIC DEVELOPMENT COMMISSION AGENDA
September 281h 2000
7:30 A.M.
MOUNDS VIEW CITY HALL - CITY COUNCIL CHAMBERS
1. CALL TO ORDER
2. ROLL CALL (Present = P, Absent = A)
Belting
Marty
Walther
Carlson
Field
Coughlin (EDA Liaison)
Goff
Jopke (Staff)_
Johnson
Parrish (Stan)
3. APPROVE EDC MINUTES
July 27th, 2000
Action: Motion
Second
Vote
4. SPECIAL BUSINESS
5. REPORT OF COMMISSIONERS, STAFF AND EDA LIAISON
A. Report of Commissioners -No Materials Attached
B. Chamber of Commerce Update -No Materials Attached
C. Walgreens Approval — No Materials Attached
D. Mermaid TIF Assistance and Development Review — No Materials Attached
6. EDC BUSINESS
A. Annual Parcel Decertification
B. Pooled Funds Budgetary Recommendations
7. ADJOURN A.M.
8. BUSINESS RETENTION VISIT: None Scheduled
Next Regularly Scheduled Meeting: October 26th, 2000 at 7:30 A.M
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Not Approved
Minutes of the Economic Development Commission
City of Mounds View
Ramsey County, Minnesota
Regular Meeting
July 27th, 2000
City of Mounds View, Council Chambers
2401 Highway 10, Mounds View, MN 55112
1. CALL TO ORDER:
The meeting was called to order at 7:35 a.m. by Chairperson Tom Field.
2. ROLL CALL:
Members Present. Dr. Greg Belting, Cindy Carlson, Tom Field, Tom Johnson, Rosemary
Goff, Sean Walther, and EDA Liaison Dan Coughlin.
Members Absent: Wendy Marty
Staff Present: Economic Development Coordinator Aaron Parrish and Community
Development Director Rick Jopke
3. APPROVAL OF MINUTES:
Motion/Second: Carlson/Goff moved to approve the minutes for July 27th 2000.
Motion Carried: 6 Ayes 0 Nays
4. SPECIAL BUSINESS
There was no Special Business before the Commission
5. REPORT OF COMMISSIONERS, STAFF AND EDA LIAISON
A. Commissioner and EDA Liaison Reports
Chair Field indicated that the Highway 10 Steering Committee had conducted a public forum
on July 11th. Commissioner Walther said that there was a fair turnout and the primary
concerns expressed focused on pedestrian safety. He indicated that items suggested to
improve safety included increased signal walk times and enhanced lighting. Commissioner
Walther also pointed out that two businesses were in attendance that have noticed a decline
in traffic, but were generally supportive of efforts to redesign the roadway. Also regarding
Highway 10, Commissioner Belting highlighted the opportunity to redesign the roadway once
it was turned back to the County. Chair Field also discussed a follow up meeting to the
public forum where the concerns of attendees and Committee members were synthesized.
He also noted that Committee is implementation focused. Community Development
Director Jopke noted that this was the first phase of a two phase study. The second phase
will articulate an action plan. a.
Economic Development Coordinator Parrish told the Commission that the Pak building is
f currently being marketed by ReMax Commercial. He also indicated that the EDA authorized
staff to retain Ehlers and Associates address some administrative matters related to
Mounds View's TIF districts. It was also noted that Ehlers was designated as financial
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Not approved
advisor to the EDA. Finally, Coordinator Parrish indicated that the Commission will be
conducting its first business retention visit at the conclusion of the meeting.
B. NB -MV Chamber of Commerce Update
Commissioner Belting indicated that the Chamber will be hosting its annual 'Gala" event
later on in the evening. The event will be held at the Minnesota History Center.
C. Highway 10 Steering Committee Update
Chair Field indicted that the work of the Highway 10 Steering Committee was under
Commissioner Reports.
D. 1-35W Corridor Coalition Update
Community Development Director Rick Jopke gave the Commission an update with regard
to the North Metro 1-35W Corridor Coalition. Director Jopke indicated that a large portion of
the Coalition's current efforts are directed toward the completion of a "Build -Out and
Transportation Study." The study will articulate long-range build -out and transportation
alternatives for the subregion.
E. Mermaid Hotel and Banquet Center Site Plan
Coordinator Parrish provided an overview of the site plan submitted for the Mermaid Hotel
and Banquet Center expansion. Based on the initial submission of plans, Coordinator
Parrish indicated that a 96 room Amerclnn Hotel and 15,000 square foot banquet center are
still planned.
6. EDC BUSINESS
A. Tax Abatement Finance Policy Revisions
Coordinator Parrish provided and overview of changes made to the tax abatement finance
policy from the last Commission meeting. After reviewing the changes, the following motion
was made:
Motion/Second: CarlsonANalther moved to recommend approval of the Tax Abatement Finance
Policy by the Economic Development Authority.
Motion Carried: 6 Ayes 0 Nays
Adjournment
There being no further business before the Commission, this meeting of the Economic
Development Commission adjourned at 8:07 a.m.
8. Business Retention Visit
Respectfully Submitted,
Aaron Parrish
Economic Development Coordinator
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Item No. 6A
Meeting Date: August 24`h, 2000
Type of Business: EB
EB: EDC Business
IN: Informational Item
City of Mounds View Staff Report
To: Economic Development Commission
From: Aaron Parrish, Economic Development Coordinator
Item Title/Subject: Annual Review of Potential Parcels to be Decertified from TIF Districts
Date of Report: August 16, 2000
Background:
Mounds View's TIF Policy states that the EDC will review potential parcels for decertification on an annual
basis. To do so, a map highlighting parcels of propertywithin TIF districts 1-3 has been included foryour
review. Based on existing programs such as the housing replacement and business loans, and planned
projects such as Highway 10 redevelopment and associated infrastructure improvements, it may not be
fiscally prudent to decertify parcels at this particular point in time. Additionally, it is not possible to decertify
certain parcels due to existing bond and pay-as-you-go obligations.
However, at one point the EDA had contemplated decertifying both the Real Life Cooperative and Holiday
Gas Station. The following highlights the fiscal implications of such an action:
The above estimated 12 year revenue impact is not adjusted for inflation or other extraneous influences,
so the fiscal implications may be higher or lower based on a variety of variables. As the above projections
indicate, the revenue that could be lost is considerable.
Necessary Actions:
Conduct annual review of parcels within TIF districts.
Aaron Parrish, Economic Development Coordinator
(763) 717-4029
NADATA\GROUPS\ECONDEV\EDC\Staff Repoi1s\Staff00\08-6A.doc
PROJECTED
ESTIMATED 12
EXISTING USE
2001
YEAR REVENUE
INCREMENT
IMPACT
[W063023431DO38
Real Life
$27,433
$329,196
Cooperative
Holiday Gas
$35,748
$428,976
Station
The above estimated 12 year revenue impact is not adjusted for inflation or other extraneous influences,
so the fiscal implications may be higher or lower based on a variety of variables. As the above projections
indicate, the revenue that could be lost is considerable.
Necessary Actions:
Conduct annual review of parcels within TIF districts.
Aaron Parrish, Economic Development Coordinator
(763) 717-4029
NADATA\GROUPS\ECONDEV\EDC\Staff Repoi1s\Staff00\08-6A.doc
Item No. 6B
Meeting Date: August 24th, 2000
Type of Business: EB
EB: EDC Business
IN: Informational Item
City of Mounds View Staff Re
To: Economic Development Commission
From: Aaron Parrish, Economic Development Coordinator
Item Title/Subject: Pooled Funds / EDA Special Revenue Fund Budgetary Recommendations
Date of Report: August 16, 2000
Background:
The recently adopted TIF Policy requires the following:
"To more effectively utilize pooled increment, the Economic Development Commission will recommend
funding priorities to the Economic Development Authority. This will be done in conjunction with the annual
budgetary process."
Accordingly, it is necessary for the EDC to review and/or recommend budgetary priorities to the EDA. A
2001 Budget Summary and Detail for the EDA Special Revenue Fund has been included foryour review.
Aside from bond payments, pay-as-you-go obligations, and staffing expenditures all of which are relatively
fixed, there are some allocations that are discretionary in nature. These expenditures are primarily related
to capital outlays. For discussion purposes, the following discretionary expenditures have been proposed
for 2001:
As existing bond and pay-as-you-go obligations are paid off, it is anticipated that the level of discretionary
expenditures will increase. To make effective use of scarce resources, it is anticipated that a long-term
TIF financial plan and Economic Development Plan will be developed in the near future.
Necessary Actions:
Evaluate and Recommend Budgetary Priorities for Pooled TIF Funds
Aaron Parrish, Economic Development Coordinator
(763) 717-4029
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2001 Budget Summary
8/16/00, 4:05 PM
Operating expenses
1994
1995
1996
1997
1998
1999
2000
2001
Change from 2000
Economic Development (4650):
Actual
Actual
Actual
Actual
Actual
Actual
Budaet
Budge
Dollar
Percent
EDA (Fund
230):
0100 Salaries, regular
59,873
Revenues
65,916
84,773
28,716
62,535
66,601
72,085
5,484
8.23%
0110 Salaries, overtime
0
0
3370
Other local government rev
0
0
0
0
0
0
0
0
0
0.00%
0
Grants
0
0
0
4,000
0
0
0
0
0
0.00%
3410
Marketing revenue
0
0
850
0
0
0
750
750
0
0.00%
3610
Investment income
0
0
(2,403)
0
0
0
(1,500)
(1,500)
0
0.00%
3680
Other revenue
0
0
0
282
2,988
486
0
0
0
0.00%
3911
Sale of assets
0
0
0
0
0
47,450
0
0
0
0.00%
3972
Transfers
88,700
93,695
98,078
113,532
176,000
188,196
468,650
468,650
0
0.00%
Loan repayments
0
0
2,193
0
0
0
0
0
0
0.00%
2100 Book&periodicals
Total revenue
88,700
93,695
98,718
117,814
178,988
236,132
467,900
467,900
0
0.00%
Operating expenses
Economic Development (4650):
Personnel services
0100 Salaries, regular
59,873
67,787
65,916
84,773
28,716
62,535
66,601
72,085
5,484
8.23%
0110 Salaries, overtime
0
0
191
67
2
149
0
0
0
0.00%
0150 Salaries, part-time
0
327
0
0
0
0
0
0
0
0.00%
0300 Pensions
6,093
7,430
7,988
9,759
3,076
6,608
8,545
9,610
1,065
12.46%
0400 Group insurance
6,209
7,174
5,071
5,112
398
0
4,380
4,545
165
3.77%
0500 Workers compensation
251
167
171
420
588
418
544
590
46
8.46%
0990 Severence pay
0
0
0
0
369
0
0
0
0
0.00%
Total personnel services
72,426
82,885
79,337
100,131
33,149
69,710
80,070
86,830
6,760
8.44%
Materials & supplies
1600 Supplies, operating
0
0
0
145
182
326
500
500
0
0.00%
2100 Book&periodicals
81
216
220
211
138
75
430
430
0
0.00%
Total materials & supplies
81
216
220
356
320
401
930
930
0
0.00%
Contractual services
3030 Other professional services
12,780
799
2,028
5,002
62,052
27,365
140,000
135,600
(4,400)
-3.14%
3420 Advertisements
0
2,730
4,028
409
21
769
2,000
2,000
0
0.00%
3430 Printing
1,829
1,620
1,283
6,781
159
59
2,700
2,700
0
0.00%
3610 Memberships
125
1,315
7,264
3,236
3,733
7,269
4,650
4,650
0
0.00%
3630 Training & conferences
1,389
3,389
2,305
2,292
1,231
2,162
2,400
2,950
550
22.92%
3800 Mileage
70
161
110
175
533
886
150
150
0
0.00%
Total contractual services
16,193
10,014
17,018
17,895
67,729
38,510
151,900
148,050
(3,850)
-2.53%
Capital outlays
7030 Equipment
0
580
1,575
0
6,532
20,000
0
0
0
0.00%
7050 Construction
0
0
0
0
71,258
107,511
210,000
210,000
0
0.00%
9300 Business loans
0
0
0
0
0
0
25,000
25,000
0
0.00%
Total capital outlays
0
580
1,575
0
77,790
127,511
235,000
235,000
0
0.00%
Miscellaneous:
9900 Transfer out
0
0
0
0
0
0
0
0
0
0.00%
Total miscellaneous
0
0
0
0
0
0
0
0
0
0.00%
Total expenditures
88,700
93,695
98,150
118,382
178,988
236,132
467,900
470,810
2,910
0.62%
Net income
0
0
568
(568)
0
0
0
(2,910)
(2,910)
0.00%
Equity, beginning year
0
0
0
568
0
0
0
0
0
0.00%
Equity, end of year
0
0
568
0
0
0
0
(2,910)
(2,910)
0.00%
SR 12
2001 Budget
F .... ti. 2'tn nenartment: 4650 Snecial Revenue - EDA Fund
8/17/00, 2:51 PM
Account
Description
Proposed
Budget Detail
Description
3901
Investment income
(1,500) (1,500)
Interest on negative cash balance
(1,500)
3932
Marketing revenue
750 750
Advertising revenue
750
3961
Transfers
468,650 468,650
Transfers from the 3 existing TIF districts
468,650
3991
Loan repayments
0 1 0
lRepayment on business loans.
0
Expenditures
1600
Supplies, operating
500
500
Misc office supplies
500
2100
Books & periodicals
430
70
82
35
88
155
City business journal
Real estate j ournal
LMC directory
Misc. reports & periodicals
Mics. marketing books
430
3030
Other professional services135,600
20,000
20,000
90,000
3,500
600
1,500
Legal fees for development reviews
Financial consultant fees
Special project consultant fees
Appraisal and environmental fees
IRIS fees
Marketing fees
135,600
3420
Adverfising
2,000
2,000
Targeted advertisements.
2,000
3430
Printing
2,700
500
200
1,500
500
Property ad printing
Stationary/business cards/signs/site info
Business directory reprints
Misc printing
2,700
3610
Memberships
4,650
400
550
300
375
3,025
Economic Development Assoc of MN (EDAM)
Metro East Development Partnership
New Brighton/Mounds View Chamber of Commerce dues
American Economic Development C
North Metro Mayors Assoc (50% of dues, balance in
General Fund, City Council budget).
4,650
3630
Training & conferences
2,950
350
800
150
650
1,000
Chamber of Commerce meetings
DTED/NDC training
EDAM monthly meetings
EDAM summer conference
Other mist conferences
2,950
3800
Mileage
150
150
Misc. mileage
7030
Capital, equipment
0
0
0
7050
Capital, real estate
210,000
50,000
160,000
Hwy 10 construction improvements
Housing rehab program
210,000
7060
Business loans
25,000
25,000
Business improvement partnership loans
25,000
SR