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Home My WebLink About03-09-2012CITY OF MOUNDS VIEW ECONOMIC DEVELOPMENT COMMISSION MEETING AGENDA MOUNDS VIEW CITY HALL FRIDAY, MARCH 9, 2012 7:30 A.M. 1. CALL TO ORDER 2. ROLL CALL 3. APPROVE MARCH 9, 2012 EDC AGENDA 4. APPROVE FEBRUARY 17, 2012 EDC MINUTES 5. EDC BUSINESS A. Tax Increment Financing (TIF) Presentation by Finance Director Mark Beer B. Discuss County Road 10 Corridor Improvements 6. REPORTS OF COMMISSIONERS (VERBAL) 7. REPORTS OF STAFF (VERBAL) 8. NEXT REGULAR EDC MEETING – Friday, April 20, 2012 9. ADJOURNMENT Commissioners: Chair Torri Johnson, Vice Chair Jennifer Wagner- Harkonen, Commissioners Greg Belting, Jason Helgemoe, Dan Larson, Gary Meehlhause and Jim Paron City Staff: Finance Director Mark Beer and Economic Development Specialist Heidi Steinmetz Minutes of the Economic Development Commission City of Mounds View Ramsey County, Minnesota Regular Meeting February 17, 2012 City of Mounds View, Council Chambers 2401 Highway 10, Mounds View, MN 55112 1. CALL TO ORDER Chair Torri Johnson called the meeting to order at 7:32am. 2. ROLL CALL Members Present: Chair Torri Johnson, Vice Chair Jennifer Wagner-Harkonen and Commissioners Greg Belting, Jason Helgemoe, Dan Larson, Gary Meehlhause and Jim Paron Staff Present: Economic Development Specialist Heidi Steinmetz 3. APPROVAL OF FEBRUARY 17, 2012 AGENDA Motion/Second: Commissioner Larson moved and Vice Chair Wagner-Harkonen seconded the approval of the February 17, 2012 EDC agenda. Motion Carried: 7 Ayes, 0 Nays 4. APPROVAL OF DECEMBER 16, 2011 EDC MINUTES Commissioner Helgemoe noted the date under Item 6 needed to be changed to February 24. Motion/Second: Commissioner Helgemoe moved and Commissioner Belting seconded the approval of the December 16, 2011 minutes as amended. Motion Carried: 6 Ayes, 1 Abstention 5. EDC BUSINESS A. Oaths of Office – Greg Belting and Jim Paron Commissioners Belting and Paron read their Oaths of Office for terms 2012-2014. B. Appoint 2012 EDC Chairperson and Vice Chairperson Motion/Second: Commissioner Larson moved and Commissioner Meehlhause seconded the approval of Torri Johnson as 2012 EDC Chairperson and Jennifer Wagner-Harkonen as 2012 EDC Vice Chairperson. Motion Carried: 7 Ayes, 0 Nays Draft EDC Minutes Feb. 17, 2012 Page 2 of 3 C. Set 2012 Economic Development Priorities The EDC reviewed their list of 2011 priorities and adjusted their 2012 priorities as follows: 1) Create a Plan for Expending EDA’s Unobligated Tax Increment Financing (TIF) 2) Development/redevelopment along the County Rd 10 corridor  Potential name change for County Rd 10  Premium Stop Redevelopment Area  Silver View Plaza  Complete remaining trailway connections to businesses  PAK/Simon’s/City-Owned Lots  Johnson/Christmas Tree Lots  Coventry Senior Living  Improve the aesthetics of properties in the County Rd 10 corridor  Reconstruction of County Rd 10 3) Monitor Mounds View commercial properties in transition 4) Monitor and assist with Citywide housing issues and projects 5) Meet bi-annually with the Mounds View EDA 6) Continue business retention program 7) Skyline Motel redevelopment 8) Support the implementation of the Citywide Street & Utility Improvement Program 9) Monitor development plans for the TCAAP site in Arden Hills 10) Continue budgeting to implement the Mounds View Branding Project Motion/Second: Commissioner Meehlhause moved and Commissioner Belting seconded the approval of the 2012 Economic Development Priorities. Motion Carried: 7 Ayes, 0 Nays D. Revise Targeted Business List The EDC revised their targeted business list to reflect the following five business categories rather than specific types of business in order to focus on a diverse population and to draw people to the area:  Manufacturing  Retail  Professional Office/Services  Restaurants  Entertainment Draft EDC Minutes Feb. 17, 2012 Page 3 of 3 Motion/Second: Commissioner Helgemoe moved and Commissioner Meehlhause seconded the approval of the EDC’s 2012 targeted business categories as manufacturing, retail, professional office/services, restaurants and entertainment. Motion Carried: 7 Ayes, 0 Nays E. Discuss County Road 10 Corridor Improvements Motion/Second: Commissioner Belting moved and Commissioner Wagner-Harkonen seconded a Motion for the EDC to “table” this discussion until after they receive a “TIF 101” presentation and details about the EDA’s unobligated Tax Increment Financing (TIF) balances from Finance Director Mark Beer. Motion Carried: 7 Ayes, 0 Nays 6. REPORTS OF COMMISSIONERS Commissioner Helgemoe reminded the group about the Twin Cities North Chamber Gala on Friday, February 24, 2012. Commissioner Belting thanked the EDA for sending the EDC to the Chamber’s Governor’s breakfast on January 20. 7. REPORTS OF STAFF Ms. Steinmetz provided the EDC with updates on the following: A. Recap of February Mounds View Business Council Meeting B. TCAAP Development Update C. Mounds View Business News D. Available Business Sites in Mounds View E. Save the Date: June 14, 2012 ULI “Navigating the New Normal” Workshop 8. NEXT REGULAR EDC MEETING The next regular EDC meeting was scheduled for Friday, March 16, 2012 at 7:30am. 9. ADJOURNMENT There being no further business, the February 17, 2012 meeting adjourned at 8:56am. Respectfully submitted, Heidi Steinmetz, Economic Development Specialist Item #: 5A Meeting Date: March 9, 2012 Type of Business: EDC Administrator Review: ____ City of Mounds View Staff Report To: Economic Development Commission From: Heidi Steinmetz, Economic Development Specialist Item Title/Subject: Tax Increment Financing (TIF) Presentation by Finance Director Mark Beer Introduction On March 9th, Mounds View Finance Director Mark Beer will provide the EDC with a “TIF 101” presentation. Below are the definitions of TIF, a TIF District and what TIF can be used for. What is TIF? TIF is the ability to capture and use most of the increased local property tax revenues from new development with a defined geographic area for a defined period of time without approval of the other taxing jurisdictions. What is a TIF District? A TIF District is a defined collection of parcels whose increased value will be captured and used. A TIF District is the location where the “increment” is collected. What can TIF be used for? TIF must be used towards costs associated with new development on items such as the following:  Land Acquisition  Demolition and Relocation  Site Improvements  Utilities, Streets and Sidewalks  Environmental Cleanup  Parking  Buildings (but only for housing or new Economic Development TIF Districts) Background As shown on the attached map, the City of Mounds View has four TIF Districts (Districts 1, 2, 3 and 5). Districts 1, 2 and 3 will be expiring (or decertifying) in the next few years. Since there are unobligated TIF balances in each of the expiring districts, the EDA may use the unobligated TIF funds for Economic Development purposes. Attached is a spreadsheet showing Mounds View’s unobligated TIF balances. Mark Beer will explain the spreadsheet during the EDC meeting. Respectfully Submitted, Heidi Steinmetz, Economic Development Specialist Item #: 5B Meeting Date: March 9, 2012 Type of Business: EDC Administrator Review: ____ City of Mounds View Staff Report To: Economic Development Commission From: Heidi Steinmetz, Economic Development Specialist Item Title/Subject: Discuss County Road 10 Corridor Improvements Background On November 18, 2011, the EDC reviewed the 2006 Premium Stop Redevelopment Area Study and made plans to discuss how the EDC would recommend using the EDA’s approximate $700,000 in available TIF funds for redevelopment purposes. On January 3, 2012, the City Council discussed possible County Road 10 improvements and enhancements and directed city staff to contact Ramsey County to inquire about grant funds available for beautification projects. Staff spoke with Joe Lux, Planning Specialist with Ramsey County Public Works, and he confirmed that there is no funding available from the County for beautification projects along County Rd 10. The City Council also asked that the EDC recommend a list of County Road improvements with associated cost estimates that could be implemented as early as this summer. On February 17, 2012, the EDC briefly discussed County Rd 10 beautification items but tabled the discussion due to time limitations. Discussion Listed below are several County Road 10 improvements included within the City’s Five- Year Financial Plan for 2012-2016 (see attached pages 6 & 8 of the Five-Year Plan). The funding sources in the Five-Year Plan are separate from the approximate $700,000 in unobligated TIF funds.  Two intersection improvement projects are planned for 2012 (County Rd H, Silver Lake Rd).  Two intersection improvement projects are planned for 2013 (County Rd I, Woodale Dr).  Two trail segments (6 & 11) are planned for 2013.  Gateway features for at total of $886,600 are planned for 2014.  Median enhancements for $350,000 are planned for 2014. There is also a senior citizen housing project that is supposed to break ground next month along County Road 10 (Coventry Senior Living). This project would significantly improve the image of the County Road 10 corridor. March 9, 2012 EDC Meeting Item 5B – County Road 10 Beautification Page 2 of 2 Attached is a chart showing a list of beautification ideas that city staff brainstormed, along with the funding mechanisms and estimated costs to complete the improvements. The estimated costs are initial investment costs and do not include ongoing maintenance. Sources for the estimated costs are listed in the chart (see attached 2002 County Road 10 Redevelopment and Redevelopment Plan Preliminary Cost Estimates). Recommendation Based on the information provided in this staff report and any additional ideas that the EDC might have for beautifying County Road 10, staff recommends that the EDC create a prioritized list of County Road 10 beautification improvements for the EDA to review at the March 12th EDA meeting. Respectfully submitted, Heidi Steinmetz, Economic Development Specialist Attachments  Pages 6 & 8 of the City’s Five-Year Financial Plan for 2012-2016  County Rd 10 Beautification Ideas Chart  2002 County Rd 10 Redevelopment & Redevelopment Plan Prelim.Cost Estimates County Road 10 Beautification Ideas Beautification Idea Funding Mechanism Estimated Cost Complete remaining trailway segments $350,000 This amount would be the City’s portion of a matching Federal grant for trail segments 6 & 11 included for 2013 in the 5-Year Financial Plan.$750,000 Source: Bonestroo as part of the 2009 Federal grant application for segments 6 & 11 Mow (rough cut) medians & Right-of-Way approx. 6 times per season Mowing would be paid out of the City’s General Fund. $18,000 per year for Mounds View Public Works staff time/equip. Source: Public Works Director Nick DeBar Plant hearty shrubs in medians $350,000 Median enhancements are included for 2014 in the City’s 5-Year Financial Plan.$5,280 (160 shrubs) Source: 2002 County Road 10 Redevelopment and Redevelopment Plan Preliminary Cost Estimates + 10% inflationPlant trees along Right-of-Way $20,000 (mix of 90 shade, ornamental and evergreen trees) Source: 2002 County Road 10 Redevelopment and Redevelopment Plan Preliminary Cost Estimates + 10% inflationPaint the semaphore structures (stop lights) Painting would be paid out of the City’s General Fund. The City would need to hire a private firm for painting (ongoing cost). Trash cleanup Trash cleanup would be paid out of the City’s General Fund. The City would need to hire a private firm for trash cleanup (ongoing cost). Ramsey County does not have its own Adopt-a-Highway Program for trash cleanup. Street signs Street signs would be paid out of the City’s General Fund. $15,000−20,000 Source: 2004 City Administrator Report to Council for replacing local road signs to reflect a County Rd 10 name change. MnDOT would also charge the City to update signage on 35W. Entrance monument signs $886,600 Gateway features are included for 2014 in the City’s 5-Year Financial Plan. $55,000 (two entrance signs) Source: 2002 County Road 10 Redevelopment and Redevelopment Plan Preliminary Cost Estimates + 10% inflation Decorative banners with City logo for existing trailway light posts $1,000 The EDA’s 2012 advertising budget could potentially be used for banners. $3,300 (50 banners & brackets) There are 110 total existing light posts. Source: Carrot-Top Industries Upgrade private business signs $50,000 The EDA’s Business Improvement Loan Program could be used for this. Costs for upgrading private business signs will vary depending on the sign. Install decorative fencing Decorative fencing could potentially be paid for by the EDA’s unobligated TIF. $28,600 (130 units of fence) Source: 2002 County Road 10 Redevelopment and Redevelopment Plan Preliminary Cost Estimates + 10% inflationProperty acquisition & demolition (i.e. removal of blighted vacant buildings) This could be paid for through the EDA’s unobligated TIF. Costs for property acquisition and demolition will vary depending on the property. CAPITAL IMPROVEMENT PROGRAM WORKSHEET CITY OF MOUNDS VIEW, MINNESOTA 245,700,730 280 251 285 New Year Improvement Total Cost Water, Sewer, Storm Water - Utility Funds Special Projects Fund Park Dedication Fund Street Imp. Fund 2011 Street and Utility Improvement Project - Area D 2,437,974 300,000 (614,313) 2011 Street and Utility Improvement Project - Area E (Design) 625,456 2011 Mustang Drive Improvements 50,000 2011 CR10/CR-H Intersection Improvements (Design) 125,000 2011 Trailway Development Program 104,000 104,000 2011 Trailway Maintenance Program 20,000 20,000 2011 Edgewood Drive Boulevard Improvements 30,000 30,000 2011 Partial Reroof - City Hall / Full Reroof - Well House Nos. 5+6 250,000 65,000 175,000 2011 Roofing Repairs - WTP#1, Booster Station, Ground Reservoir, PW Facility 5,000 5,000 2011 Tuckpoint & Repair Shell - Booster Station + Ground Reservoir 50,000 50,000 2011 80-kW Emergency Generator - City Hall 20,000 20,000 2011 Irrigation and Landscaping Improvements - City Hall 13,000 13,000 2011 Demo./Const. New Lambert Park Bldg. (Design) 15,000 15,000 2011 Demo./Const. New Lambert Park Bldg. 245,000 245,000 2011 Baseball Field Improvements - Lambert Park 40,000 40,000 2011 Hockey and Skating Rink Improvements. - Hillview Park 10,000 10,000 2011 Sanitary and Stormwater Collection System Sliplining 125,000 125,000 2011 Water Tower Rehabilitation 700,000 700,000 2011 Electrical Mods. for Well No. 2 Motor Conversion 75,000 75,000 2011 Misc. Building Improvements - Well No. 1,2,3 building repairs int. and ext. 22,700 22,700 Totals 4,963,130 1,342,700 362,000 310,000 (614,313) 2012 Street and Utility Improvement Project - Area E 3,444,253 300,000 778,280 2012 Street and Utility Improvement Project - Area F (Design) 474,027 2012 Mustang Drive Improvements (Construction) 450,000 50,000 300,000 2012 CR10/CR-H Intersection Improvements 875,000 2012 CR 10/Silver Lake Road Intersection Improvements (Design) 50,000 2012 Full Refoofing - Comm. Center / Full Reroofing - WTP#1 300,000 50,000 250,000 2012 HVAC Improvements - Community Center 65,000 65,000 2012 Municipal Well No. 3 & 5 Rehabilitation 75,000 75,000 2012 Replace playground equipment - Silverview Park 100,000 100,000 2012 PIP - Park Improvement Program 25,000 25,000 2012 PIP - Replace Playground Media - City Hall Park 8,000 8,000 2012 PIP - Security Lighting Imp. - Greenfield & Groveland Parks 13,000 13,000 2012 Parking Lot Improvements - MVCC 30,000 30,000 2012 Parking Lot Improvements. - City Hall (Police Dept.) 50,000 2012 Trailway Development Program 104,000 104,000 2012 Trailway Maintenance Program 20,000 20,000 2012 Const. Access Lane to Hidden Hollow San. Sewer 10,000 10,000 2012 Stormwater Mgmt. Imp. - Subdistrict SC-3 20,000 20,000 2012 Stormwater Mgmt. Imp. - Subdistrict SC-1 3,000 3,000 2012 Stormwater Mgmt. Imp. - Subdistrict EW-4 25,000 25,000 Totals 6,141,280 533,000 469,000 146,000 1,078,280 6 2012 CR10/CR-H Intersection Improvements 2012 CR 10/Silver Lake Road Intersection Improvements (Design) CAPITAL IMPROVEMENT PROGRAM WORKSHEET CITY OF MOUNDS VIEW, MINNESOTA 245,700,730 280 251 285 New Year Improvement Total Cost Water, Sewer, Storm Water - Utility Funds Special Projects Fund Park Dedication Fund Street Imp. Fund 2013 Street and Utility Improvement Project - Area F 2,586,150 300,000 495,460 2013 Street and Utility Improvement Project - Area G/H (Design) 661,966 - 2013 CR10/CR-H Intersection Improvements (Closeout) 50,000 2013 CR 10/Silver Lake Road Intersection Improvements 360,000 2013 Parking Lot Rehabilitation at Greenfield Park (w/ Area F) 50,000 50,000 2013 Seal Coat Project (Areas A, B, C) 75,000 75,000 2013 Full Reroofing - Hillview Park Building 10,000 10,000 2013 CR 10 / CR I Intersection Improvements 500,000 2013 CR 10 / Woodale Dr Intersection Improvements 400,000 2013 CR 10 Trail - Segment 11 (Woodale to Cty H2 southside) 150,000 2013 CR 10 Trail - Segment 6 (Red Oak to Pleasant View Drive) 200,000 2013 PIP - Park Improvement Program 25,000 25,000 2013 PIP - Baseball Field Grading & Irrigation Imp. - HV & GV Parks 15,000 15,000 2013 Stormwater Mgmt. Imp. - Subdistrict NW-1 22,500 22,500 2013 Trailway Development Program 104,000 104,000 2013 Trailway Maintenance Program 20,000 20,000 Totals 5,229,616 322,500 124,000 100,000 570,460 2014 Street and Utility Improvement Project - Area G/H 3,151,140 300,000 1,520,140 2014 Street and Utility Improvement Project - Area I (Design) 330,000 330,000 2014 Street Pavement Management - Mill/Overlay 350,000 350,000 2014 Street Pavement Management - Seal Coat 350,000 350,000 2014 CR 10/Silver Lake Road Intersection Improvements (Closeout) 40,000 2014 Full Reroofing - Booster Station + Well No. 2 25,000 25,000 2014 CR 10 / CR H2 Intersection Improvements 500,000 2014 CR 10 / Groveland Rd. Intersection Improvements 250,000 2014 CR 10 / Spring Lake Road Intersection 250,000 2014 CR10 Gateway Features 316,000 2014 CR10 Median Enhancements 350,000 2014 CR 10 Gateway Entry Features (NW End) 165,000 2014 CR 10 Gateway Entry Features (SE End) 300,000 2014 CR 10 Gateway Features 105,600 2014 Exterior Shell Improvements for Random Park Building 20,000 20,000 2014 Irrigation System Construction at Random Park 15,000 15,000 2014 PIP - Park Improvement Program 25,000 25,000 2014 City Hall Monument Sign 12,000 12,000 2014 Stormwater Mgmt. Imp. - Subdistrict GF-5 15,000 15,000 2014 Trailway Development Program 104,000 104,000 2014 Trailway Maintenance Program 20,000 20,000 Totals 6,693,740 340,000 136,000 60,000 2,550,140 8 2013 CR 10 / CR I Intersection Improvements 2013 CR 10 / Woodale Dr Intersection Improvements 2013 CR 10 Trail - Segment 11 (Woodale to Cty H2 southside) 2013 CR 10 Trail - Segment 6 (Red Oak to Pleasant View Drive) 2014 CR10 Median Enhancements 2014 CR10 Gateway Features 2014 CR 10 Gateway Entry Features (NW End) 2014 CR 10 Gateway Entry Features (SE End) 2014 CR 10 Gateway Features