Loading...
HomeMy WebLinkAbout02-20-1997 (2) ECONOMIC DEVELOPMENT COMMISSION AGENDA FEBRUARY 20 1997 "I 7:30 A.M. - C. tA MOUNDS VIEW CITY HALL )oGt)IX tN ` r ' COUNCIL CHAMBERS CC, d s. I. CALL TO ORDER P.M. °� / A ri--' \ ) e 2. ROLL CALLPresent = P,Absent = c vy-il ( A) \ �U / Carlson Schmidt 3- f, KU ��ti- l Goff Sjoberg 1�J Zr Nelson Welsch Tarhark McCarty(EDA Liaison) C Bennett(Staff) Quick(EDA Alternate Liaison) 3. APPROVE EDC MINUTES November 21, 1996 ().....' Action: Motion \�U, Second ),o7J Vote `" January 23, 1991 Action: Motion Second Vote 4. SPECIAL BUSINESS Highway 10.Section 9 Corridor Study Update-SRF Consulting Group,Inc. Overview of Progress to Date,Outcome of Design Workshop,Further Development of Goals&Objectives and Land Use Alternatives. 5. EDC BUSINESS A. Consideration of Tax Increment Assistance Request \I")\ C,L) l Action: Motion Q 66 Second UVote ill, B. Consideration of Tax Increment Policy and Deposit Agreement Action: Motiont)r� Second Vote Comments: i C Discussion of Work Plan for 1997 , ,1/4,,,,J r Action: Motion I f4/ .,su cAr � Second 1 eL ' " Vote Comments: • 6. Report of Commissioners,Staff and EDA Liaison q '' tv7. ADJOURNP.M. 111 Next Regular Meeting March 27, 1997 Minutes of the Economic Development Commission City of Mounds View Ramsey County, Minnesota Regular Meeting November 21, 1996 City of Mounds View, Council Chambers 2401 Highway 10, Mounds View, MN 55112 1. Call to Order: The meeting was called to order at 7:40 a.m. by Vice Chairperson, Cindy Carlson. 2. Roll Call: Members present were as follows: Cindy Carlson, Rosemary Goff, Brian Sjoberg and Ron Schmidt. Members Dan Nelson, Delane Welsch and Bev Terhark and EDA Liaison Sue Hankner and Alternate Liaison Gary Quick were absent. Economic Development Coordinator Cathy Bennett was present. 3. Approval Of Minutes: Motion/Second: Goff/Sjoberg moved approval of Minutes of September 26, 1996 and October 24, 1996 Regular Meetings and October 29, 1996 Special Meeting. • Motion Carried 4 ayes 0 nays 4. Special Business No Special Business 5. EDC BUSINESS A. Update on Contract for Professional Services for the Study of Highway 10, Section with SRF Consulting Group, Inc. Director Bennett noted that she met with representatives of SRF Consulting Group, Inc. To establish a scope of services within the approved $25,000 budget. The contract, revised scope of services and time line as handed out to EDC members for review. Bennett mentioned the importance of EDC participation throughout this process and wanted to make a note of the proposed dates for meetings to discuss the progress of the study process. Motion/Second: Carlson/Schmidt moved to approve the contract for services with SRF Consulting Group, Inc. and the revised time line for the Highway 10, Section 9 Study. . Motion Carried 4 ayes 0 nays B. Discussion of Sample Tax Increment Financing Application/Guidelines for Analysis of Tax Increment Assistance. • Vice Chair Carlson suggested that the EDC take more time to review the Application/Guideline form but that it would be worthwhile to bring the draft policy and deposit agreement back for approval without incorporating the Application/Guideline form at the December or January meeting. Director Bennett mentioned that if there was not going to be a December meeting if we could try and bring the information back at the January or February meeting. C. Discussion of Planning Commission and EDA's Comments Re..g_arding EDC's Recommendations for Improved Communication Between the EDC and EDA. Director Bennett explained that this item was once again discussed at the Council since the Planning Commission also made comments regarding Communication between Commissions and the Council. It was decided that this would be a topic of discussion with the new Council at the goal setting retreat sometime in early 1997. 6. Reports From Chair, Commissioners and Staff: No Reports 7. Adjournment There being no further business before the Commission, this meeting of the Economic Development Commission adjourned at 9:25 a.m. • Respectfully Submitted, 0 Director of E •mic Development I 1 Minutes of the Economic Development Commission City of Mounds View • Ramsey County, Minnesota Regular Meeting January 21, 1996 City of Mounds View, Council Chambers 2401 Highway 10, Mounds View, MN 55112 1. Call to Order: The meeting was called to order at 6:45 p.m. by Chairperson, Dan Nelson. 2. Roll Call: Members present were as follows: Cindy Carlson, Rosemary Goff, Dan Nelson, Delane Welsch and Ron Schmidt. Members Brian Sjoberg and Bev Terhark were absent. EDA Liaison Duane McCarty,alternate Liaison Gary Quick and Dir.of Economic Development Cathy Bennett were present. 3. Approval Of Minutes: No Minutes were distributed for Approval. 1111 4. Special Business No Special Business 5. EDC BUSINESS A. Election of 1997 Chairperson and Vice Chairperson The Mounds View Municipal Code Chapter 408.07, Subdivision 1 entitled Economic Development Commission. Organization states that"at the first regular meeting of the year, the Commission shall appoint a chairperson from among its voting members and that this appointment shall be subject to Authority approval and shall consist of a one year term". Motion/Second: Goff/Schmidt moved to approve the reappointment of Dan Nelson as Chairperson and Cindy Carlson as Vice Chairperson for 1997. Motion Carried 5 ayes 0 nays B. Consideration of Resolution No. 97-EDC 16 Accepting 1997 Bylaws Director Bennett noted that according to the Mounds View Municipal Code Chapter 408 the EDC must review the bylaws on an annual basis. She suggested an amendment to Section VII, Subdivision B to change the EDA Clerk-Administrator to EDA Executive Director as there is no • EDA Clerk-Administrator. In addition, there would need to be an amendment in regards to the adjournment of meetings according to Section VI if the EDC wishes to change the meeting time to the morning instead of the evenings. EDC members discussed the benefits of holding the meetings in the morning rather than the evenings. • Motion/Second: Carlson/Welsch moved to approve Resolution No. 97-EDC16 Accepting the 1997 Bylaws as amended to reflect adjournment in the morning and change the EDA Clerk-Administrator to EDA Executive Director. Motion Carried 5 ayes 0 nays C. Consideration of Resolution No. 97-EDC17 Accepting the 1997 Calendar of EDC Meetings Director Bennett presented Res. No. 97-EDC 17 which states EDC regular meeting dates and time. Member Schmidt suggested that the February meeting be changed to the 20th as he will be out of town. Several other members noted that they also would not be able to make the 27th meeting as stated on the resolution. In addition, Bennett mentioned that an amendment would need to be made to reflect the morning meeting time. Motion/Second: Welsch/Goff moved to approve Resolution No. 97-EDC 17 Establishing Calendar of Meetings for 1997 as amended. Motion Carried 5 ayes 0 nays 6. Reports From Chair, Commissioners and Staff: Chairperson Nelson welcomed new EDA Liaison and Mayor Duane McCarty to the Commission and welcomed his participation. Vice Chair Carlson suggested that the TIF Policy be brought forward again for consideration at the February regular meeting. 7. Adjournment There being no further business before the Commission, this meeting of the Economic Development Commission adjourned at 7:01 p.m. Respectfully Submitted, Director of Economic Development • 1 • Staff f Memo To: Economic Development Commission Members From: Cathy Bennett, Director of Economic Development Date: February 12 , 1997 Subject: Highway 10, Section 9 Corridor Study Update (Spec. Bus.) Barry Warner and Patrick Peters from SRF Consulting Group, Inc. will be providing the EDC with an overview of the study process to date, the outcome of the design workshop, further development of goals & objectives and land use alternatives. Since this is a very important process, most of the meeting will be spent on this subject. • • lgctch tv `1'1'11`5 r"s t#• I Section 9 Redevelopment Plan, Highway 10 Corridor SRF CONSULTING GROUP, INC. February 12, 1997 • Feedback from DESIGN WORKSHOP (Held February 8, 1997) Land Use o Two residents of homes along Silver Lake Road do not want to see any commercial established at the intersection of Silver Lake Road and CR "I" o Significant support was voiced for the establishment of senior housing within the corridor, specifically within the area north and west of the existing senior complex and on the vacant parcels along the north side of Highway 10. Several discussions involved providing for varying levels of independent and assisted living arrangements within the immediate area to allow residents to age in place. o Some of the residents acknowledged that some level of residential use could serve as a transition use between the highway corridor and the Silver Lake Park neighborhoods. o Mention was made of a convenience establishment or restaurant such as Boston Market or Old Country Buffet (restaurants catering to seniors) on the Win Insurance site. o Mention was also made that Mounds View does not need another convenience store. • ° Offices would fit in well along Highway 10 frontage between Win and TJB. o Townhomes would be nice on the EDA property; commercial or office is not reasonable. o Good uses are needed within Section 9 to increase value of properties of adjoining properties. o Some people felt that an office complex would offer great successes for the corridor. o One person who was familiar with some of the public safety issues within the corridor spoke of his desire to get rid of the multifamily housing complex. o With regard to the multifamily units, one person spoke of how "bad" the population diversity was. o A couple of comments were received supporting ,the development of a senior housing complex on the EDA/PTW sites if combined. Section 9 Redevelopment Plan, Highway 10 Corridor SRF CONSULTING GROUP, INC. February 12, 1997 111 Transportation o There need to be transit services that would serve seniors within the area. o There is terrible congestion during rush hour on Silver Lake Road at its intersection with Highway 10. o Several people noted that new access points along Highway 10 are not realistic in light of the traffic volumes and that this is accepted as a given. o Need to look at cul-de-sac design for terminus of Mounds View Drive near the wetland. *° The speed limit is not enforced along Highway 10. — \)cktoc-1, ��ctOUL -►n t'eo 9.A.1_ w.QR 9,frw.tk o Highway 10 is perceived by some as a barrier (but a barrier that perhaps can be bridged or overcome by pedestrian elements that promote safety and logical circulation). Pedestrian/Bicycle Circulation o The pedestrian bridge may or may not happen at Long Lake Road near the library. People with children see that the bridge is necessary for safe crossing of Highway 10, and people without children are not willing to support the bridge crossing. o Sidewalks along Highway 10 are not needed for access to businesses and services along that roadway, but are needed to make connections between the adjacent neighborhoods, area parks and the regional trail system. o Sidewalks are needed along Silver Lake Road to help access bus service. o The St. Paul utility easement is appropriate for pedestrian element that services the immediate neighborhood but cannot and should not play a role in the regional trail system. o Pedestrian connections to the neighborhoods are badly needed, and redevelopment of the corridor needs to address this. o Concept of a boardwalk overlook in the wetland received mixed reactions. o There need to be enhanced pedestrian crossings at the signalized intersections within Section 9. I Section 9 Redevelopment Plan, Highway 10 Corridor SRF CONSULTING GROUP, INC. February 12, 1997 • Design/Character/Image/Landscaping o The wetland area provides good wildlife habitat and should be left as is. o The wetland area should be filled because it is an eyesore. o Several people questioned the possibility of doing some planting within the right-of-way or within the median specifically. o One person said that the long-time residents of Mounds View live with the mythology of this being a rural community - perhaps some images are needed to enhance this mythology within the corridor. o Mounds View is a small, suburban community, and many people within the metro don't even know where it is. o City Forester (shared half-time with New Brighton) currently does landscaping reviews and recommendations. Does the City need to give thought to establishing minimum landscaping requirements in zoning ordinance? o There are better things to be done with the tax dollars than creating design elements, • landscaping, pedestrian bridges, buying ballrooms, etc. o Screening and buffering between residential and non-residential areas needs to be done better. o There needs to be landscaping incorporated into both existing and new parking lots. o Overhead utilities along Highway 10 may pose a barrier to establishment of overstory or conifer trees. • o Large trees in front of multifamily complex provides for screening of unattractive apartment structures. • Section 9 Redevelopment Plan, Highway 10 Corridor SRF CONSULTING GROUP, INC. February 10, 1997 • GOALS AND OBJECTIVES The ultimate success of the Section 9 Redevelopment Plan rests in the effective implementation of a defined set of goals and objectives. These will serve as policy statements to guide the decision-making process in matters that affect the development or redevelopment of corridor properties. The Section 9 goals and objectives have evolved from the refinement of various sources of baseline information and stakeholder input as well as the creation and analysis of a series of issues, opportunities and constraints. There are some broad considerations that have been drawn from the initial phases of this project that can serve as a prelude to the goals themselves: 1. The development of Section 9 of the Highway 10 corridor must reflect the vision of the community yet must recognize the existing physical, economic and social environment. 2. The character of the Highway 10 corridor is that of a broad, high-volume, • trunk highway that is often portrayed as a barrier to community unity. The fundamental qualities that characterize this roadway as such cannot be changed to any great extent by the successful achievement of this plan's goals and objectives. 3. Any efforts to enhance the image and health of Section 9 must give consideration to land use, amenities and design elements that lend distinction to the area. Steps taken to affect meaningful change within Section 9 are necessary and reasonable at this time. 4. The plan for the redevelopment and enhancement of Section 9 is a tool to initiate action, to provide momentum, to guide the development community and to give policy direction to community decision makers. 5. The continued vitality of Section 9 and the balance of the Highway 10 corridor relies upon establishing and maintaining a mutually beneficial, • cooperative relationship between City government representatives, business people, property owners and community residents. Section 9 Redevelopment Plan, Highway 10 Corridor SRF CONSULTING GROUP, INC. February 10, 1997 LAND USE • Goa/#1: Section 9 represents an area of diversity and mixed land uses, and the City will encourage and support the continued establishment of a wide variety of land uses in order to generate interest and to promote opportunity. o Objective : To support development plans and programs that encourage the mixing of uses in order to generate and maintain interest and diversity within the area. o Objective: To ensure that the City's Comprehensive Plan acknowledges the benefits gained from land use diversity within the corridor. o Objective: To ensure that land use controls (subdivision regulations and zoning ordinance provisions) facilitate the creation of mixed use areas. • Goal#2: Highway 10 is a highly visible corridor; and, as such, the City will strive to achieve the highest and best land uses for properties within Section 9. • o Objective: To target those commercial uses that provide needed services and products for Mounds View residents and that attend to the needs of the motoring public. o Objective: To identify those residential uses that would enhance life- cycle housing opportunities within Mounds View and that would furnish residents with safe, affordable and livable shelter. o Objective: To target uses that are compatible with surrounding land uses. Section 9 Redevelopment Plan, Highway 10 Corridor SRF CONSULTING GROUP, INC. February 10, 1997 • DESIGN • Goa/#1: Section 9 will serve as an area for the implementation of creative techniques for achieving functional as well as aesthetic excellence in design. o Objective: To create or integrate facilities that enable or enhance pedestrian and bicycle circulation and provide connections to existing and proposed trail facilities beyond Section 9. o Objective: To utilize those standards and elements of design that generate interest, express vitality, lend character and help to define a "sense of place" for the neighborhood and the corridor. o Objective: To incorporate design elements within Section 9 that will be of a scale and character practical for adoption throughout the Highway 10 corridor in order to create a single design character. • Goa/#2: Planning for the redevelopment of Section 9 will afford the 411 City an opportunity to address city policy and regulatory standards that can promote thoughtful and responsible site design methods and property maintenance issues. o Objective: To promote the use of contemporary standards in the design and construction of parking facilities that are environmentally sensitive and aesthetically pleasing. o Objective: To ensure that the City has landscaping standards that require and/or encourage the planting of trees and shrubs along major roadways, within parking lots and public open spaces, and as buffers between land uses. o Objective: To support positive sign regulations that facilitate advertising while avoiding deterioration of the visual environment. o Objective: To maintain and enhance both the natural elements and structural improvements of properties within Section 9. • Section 9 Redevelopment Plan, Highway 10 Corridor SRF CONSULTING GROUP, INC. February 10, 1997 I TRANSPORTATION AND TRAFFIC • Goal#1: The transportation system within and adjacent Section 9 will be of sufficient capacity to move traffic safely and effectively. o Objective: To address the issue of street access for all properties within Section 9 as part of the ongoing evaluation of plans for site development. o Objective: To maintain a continuing understanding of elements of the transportation system (traffic signals and signs, street surfaces, medians, streetlighting) to accommodate existing and anticipated levels of traffic. o Objective: To consider how decisions that affect the transportation system within Section 9 may impact the balance of the Highway 10 corridor. o Objective: To work with Mn/DOT and Ramsey County officials to ensure a coordinated approach to land development as it may affect area roadways. 411 o Objective: To promote the establishment or expansion of transit elements to serve those who work, live and do business within Section 9. • Goa/#2: The pedestrian and bicycle systems within and adjacent Section 9 will be developed and maintained to encourage their safe and enjoyable use. o Objective: To help promote alternative modes of travel. o Objective: To contribute to a network of community trails and pedestrian ways and to make connections with regional trail facilities. o Objective: To facilitate pedestrian movement between residential neighborhoods, commercial service and retail centers and public open space. o Objective: To contribute to the diversity of recreational opportunities within the community. o Objective: To lend an atmosphere of activity to the corridor. ! Section 9 Redevelopment Plan, Highway 10 Corridor SRF CONSULTING GROUP, INC. February 10, 1997 • PARKS, OPEN SPACE AND NATURAL RESOURCES • Goa/#1: Section 9 will exemplify the City's commitment to achieving and maintaining open space for use by the community. o Objective: To promote the incorporation of public or private open space on development and redevelopment sites within the corridor. o Objective: To establish an image within the corridor that can serve to demonstrate to the broader community the importance of open space. o Objective: To encourage the reduction in the amount of hard-surfacing through shared parking arrangements in order to derive more useable open space. o Objective: To determine whether reasonable sites exist within Section 9 for the establishment of public parklands. • Goa/#2: The City recognizes the importance of its natural resource • base and will strive to maintain these valuable amenities. ° Objective: To incorporate sensitive natural resources into development plans in a manner that promotes the creation of on-site amenity features for enjoyment by the broader community. o Objective: To support the retention of mature tree stands on properties within the corridor where such woodlands can reasonably be incorporated into site design and will not significantly compromise the site's development potential. o Objective: To enhance existing wetlands in order to derive maximum aesthetic benefit for surrounding properties. Section 9 Redevelopment Plan, Highway 10 Corridor SRF CONSULTING GROUP, INC. February 10, 1997 • ECONOMIC DEVELOPMENT AND REDEVELOPMENT • Goa/#1: Economic development and redevelopment efforts within Section 9 will focus on the creation of a strong and diverse neighborhood while enhancing the city's tax base. o Objective: To retain existing businesses where possible. o Objective: To recruit those businesses that would enhance and diversify the business climate within Section 9 and along the entire Highway 10 corridor. o Objective: To target uses that can contribute to an increased tax base for the city without compromising sound land use planning practices or corridor goals and objectives. o Objective: To provide financial assistance, in conformity with EDA policy and State Statutes, in the establishment of needed and desired uses. • Goa/#2: The City will promote Section 9 and other areas of the • Highway 10 corridor within Mounds View as an area of new opportunities and new ideas. o Objective: To highlight Section 9 as a redevelopment demonstration area within the Highway 10 corridor. o Objective: To make area businesses, local and state agencies, service organizations, property owners and the development community aware of the corridor enhancement and redevelopment efforts. o Objective: To provide a setting for local events which highlight the residential and commercial opportunities of Section 9 and the balance of the corridor. • f; .................. .................. .................. C - • ::::-:::::::::::..--F::i:ii---:::i::::::- } -_ 44 o d a .15 pC_ •_ M y u 3 a_ a L �` U <: s {- 4- s V1 E 7 C - y 7 Z. 0 N4- N N :� L. _a y E rn.0 as E C U .. u L v) V1 a V i is i`> N > a a a 4-- a '� _• a d 4- i 1 > 'i::::::: :: O E s a 3 L O d ch `F- c o I s - L y .� O o L $ @ ' 4- :: ::::::E:E_ r LL s O :#V:::.:E a E C 4- — : :: ::s E O O E .- Ol C - h N C > : a N C E v) v -C to E T } y) 7 d L d VC L coj :s01 CZC Oy ' • 4- LO U D- LH Qs'� > • U4- 1:-. ssO -Q E - <71 k.) O .. . H • 13 ^ s Oof It 47 oa ...4. V1 ., O C ) cry 4- a oV y X - a + U s -p 0CC2 o - UO c : ` .. d ` I c ap o ya aua Czz a ± ' o LN Na l -C .� •y Ol O s MI a 4i O L 210 V1 = C - LC‘i C 0 .G N 4-• ) U L N U ya > si0Os Z7 y- d G a C 4- L a s • VN a }d 0 L S d s Ca1 •O a LC1Olk>0- N Ma cn . V > s ' CCo SCgn . :Zs -: S -5y xy U -� Sa0 - O u > y a NN 3 L } y ; L t a 3 . SLo y O C C a Qd3 . +- ': C U O a N > } COW :::::::::::::::....•..:::::::::::::::::: NC •- I C s .V ' L a S U CrC (1) N t;1 L: ::::::: T Oy E S d N S 10QCac • NQhVO LO aLN aL -a: sO y OCEV1N3V1LO01 72 } OELaOOOOCC _. U S L U) a 7 W a4- -Od U 04-. ,....00 0) .) +- U U a s .9 Z w DLLL o -C d 210 n) ,7) :4- ) -0 -0 .u En .- a • L OL = O0¢ LL } C4-'J ::<:L3ii3ii:� L T •- H -I- 7 L O x _ chs Q } s ± WL C d y - c } vA gt Eu !� . �- •N N ._ 4- o L s u iu -flR Q -0 a S it --:—.2 i:?, C (9 O 7 L L S M C L -a a S } 0 L C t _C - O a C 7 $ a 'a O a C C O d a C C Q iiiii(�}i3: L j L 'C 3Cr 0 Ol = a > L x L V1 C5 -O :;['; +:»::E:: d •L N N S p) S N • U O4...o N "Cl 4- O N L C'j Z ii i. : ::::: ,� o E y S-y L z 3 y L a I3 „g ej >' L y o u •d -p d . Q :::�:::-.,i: 0) U 0 > N C - N y N L IG N U L N CO c ` N u c ...J Q .a } 3 y^ 3 L > •o u 3 d 'v1 d o C L o L N o .d 4- N C- O ; • o L U a N L U y ± L 0. i- L o N - L 01 1 4- W 0 3 +- O 0.-o Q_ a 0 ._ o y a y y 4- U CL a 0 I. CD 0 s L 3 " - - t a ` N 7 3 L H u' O c 0 L }> •~ y � S y 4 iV4-- N C W..: U O O E } N C >- a O U y :i:iii 1.4 :;i O co Tr)V)j 3 a a Ll a- C C t } O ii: : is :::.�ri::iiii:: -0 O U 0 O_ Ol N O 4- a s } 7 y > 2....:>::� d C a O O L U y > N C O O) d flC ...0 "3 > 4 O t DC y ' u } 7 > y E C } }i1 U 3 -I-.. U LVI 4) 5 7 pe.Nl > N y V1 C L ,C Q Oy i C a tnO 4. .d O a Ci- N2 W E Lt W LL Z . E — a a V L. 4- ::iNi.:::,:::::::::::::::::::n. < c• W o u d WY E - _'i_iO4-:.-i. is i m .-r N M sr to .L N • 1111111.1.11 0 N _ O L } ;iii4i#F;:� >:>: • N 4., a O 4- : > 1 4- L 0 iiii;W;,, :: :: +- Q .S 0 • • 4- :i:F :i ii< 1 qj } oy 0) C iii;::.{ -:iN ii..ci:iiii: 0) o) C d L o) ::;71i-:;;iz:izi:: C > d L a 3 " 7 TO 0 t• }/) }0) w Cr ri L ii 3 I-1 a a as O o o -1- 4- XN Y En-0 C Ca ay a -O N N oL , -0cs _ c d } a N(1(1.) +- L c +- 4 c > bdi 4 € o c46 .-,I vosoj — a } +- s •� a sO'i 0 oiu }aiii s L - rn-o 5 VOa p LO4- NN } HLi; ! ::iiiN. N zuyC a o H _o N O) -,-7o) Ogill ' H = -9- u a } c d C C c EL o c acal a �i oi : : cg .5 .. a }- s00) E u o) t4- — a -].: :: IC) L O 1- t_ > a N } E o CF c a Z : :: ay d a 4_ oo) xN _ c u . 4) 3 -a } .c > s ts2 u O c ' E L o5F -5.,-oN H ccll � .ai X os - oSENdii:^ :: :>: E O • L } OLo3. ? N } a , � } S i .M: 2 "Ec Lisc } t c c ' - > > tu E a ooE o L co _ n44-) •S•47 } So bt a vEud c a a . a v C o . ZI) So 0) rn OC }C CC 0) a .} o) N a0) O Is_ 4- 0auNO JO }O uO O a a 4- � a .J o 4- .- u i :ii L. -17 D� O N Ci) C O _C } c O : fO N I"7lb i' e. 0 _c -0 +- 3 i5 i -0 c c L c C .N o) o) - C 0) c L 0) a o) +- C .NO ;liC " a .r.7, C 0) da N S a> LOii2 O O O N y Ol C oC a vi LaN > } NO o) a > VI 0) 4- v a }Wo_ a 4- -a7 'v N c- L Q +- U o) a E ofC.M ? o C o E > L -p C o o) > o) z: l# st4- occc::::i Ei . N c o� g' � d Q - .a � °) °) FC :it:ii iii C E 1- i:iZ:iiiii: a N o N .0 0) o N C } iii:: :iiii:> o) Q N C 1 C a +- C 0) a 0 i U 7 } O 0) 7 } : : i: 0 ‘47- i:::;:,:,.. .:,::.,,,„,,,:.,,,:*.::,i > o c H E 4- o = VI c oon— = 3 L O 0 N .0> a u is._ < F- v) L _a -a a ii i i:iiiii -a -a .1_ n i 3 L.' a a oCj C • a L w »i: c 3 C F- Lii toa :::>nEi>iii: 3 411/ Staff Memo To: Economic Development Commission Members From: Cathy Bennett, Director of Economic Development Date: February 12, 1997 Subject: Consideration of Tax Increment Assistance Request (5.A.) We have received a request for$150,000 of tax increment funds to assist in the development of a 25,000 sq. ft. office/warehouse building on the vacant lot located at the corner of Coral Sea Street and County Road J. The applicant is Benson-Orth Associates who will build and lease the building to a company currently located in Roseville called Zep Manufacturing. Zep Manufacturing provides cleaning and sanitary products such as soaps, dispensers, and screens to the wholesale cleaning market and area businesses. They are a 60 year old company with • headquarters in Atlanta. The proposed building will be the regional sales and distribution facility. According to Benson-Orth the company generates a minimum amount of truck traffic similar to Midwest IV located on Lot 3. I spoke to Roseville who has been working with the company to accommodate their expansion for at least 2 years. Roseville can not accommodate their needs but feel they are an excellent company with great growth potential. As you recall, Midwest IV had future plans to expand on lot 2 and held an option on the land. They let their option expire in 1996 and since the land has been picked up by a broker for Zep Manufacturing. In discussion with Midwest IV, they are still interested in expanding on lot 2 and requested that Zep consider lot 1 for their building. The owner of the land is willing to sell lot 1 for the same price but Zep or Benson-Orth will incur additional costs for ponding and utilities at this site. Therefore, they are requesting the tax increment funds to cover these additional costs to move to lot 1 and keep lot 2 for the future expansion of Midwest IV. Zep has submitted plans for development review to the planning commission. I will bring a copy of the plan to the meeting for your information. After discussion with Benson-Orth and City TIF Consultant, we would reco end proposing a pay-as-you-go agreement up to the maximum of$150,000 of assistance. (856666/0 of the increment for 3 years) In addition, the City would like a permanent easement for a City/Bridges Sign. This proposal would be an estimated$0.90 per sq. ft. of assistance. EDC's Review: The EDC is requested to review the project to see if this use meets the goals and objectives of the City for lot 1 and also if the request can meet the but for test in evaluating tax increment financing. I have attached a copy of the letter of request from Benson-Orth Associates for your review in addition to the completed real estate pro-forma. The company would like the request for development review and tax increment assistance to be presented to the Council/EDA at the March 3rd work session with hopes of final approval in March to enable spring construction. • • ,, GENERAL BENSON •ORTH CONTRACTORS ASSOCIATES ti . - ED Ms.Kathy Bennett January 28, 1997 Ms.Pamela Sheldon City of Mounds View 2401 Highway# 10 Mounds View,MN 55112-1499 RE:Tax Increment Assistance 7FP project,Lot 1,Block 1 Northstar 2nd Dear Kathy, In response to your request for information on the above captioned property,I have enclosed your "worksheet",filled out to our best estimates at this time,along with the following project description which should answer the nine questions on the bottom of the form. We are proposing to build a 22,500 square foot building(expandable to 40,000) with additional mezzanine area of 2500 sq.ft. This building will be 27 foot clear in height and constructed using a well insulated tip-up precast panel. The front of the building will appear to have two story office area with lots of glass and a dry- vit or"stucco-look finish"projected out toward Coral Sea Street. We plan to make extensive use of the existing trees to give the building the feeling of being set back in the woods. The building will be used as the regional headquarters for LE?Products. It will house their sales force, administrative offices,packaging and assembly operation,and warehouse needs. /►-.P provides cleaning and • sanitary products such as soaps,dispensers,and screens to the wholesale cleaning market,and area businesses. Attached is a copy of the letter dated January 23rd to Ms. Sheldon outlining the business. Though the structure will be tucked into the trees,we feel that the prominent location warrants the upgraded exterior design and will become a real asset to the park. With the construction of this project on this lot comes additional costs for utility purchase from Blaine,installation of another drainage pond,costs associated with saving the trees, tree removal,additional glass and dry-vit. This project may not be financially feasible for myself or 7FP,but for the potential tax increment financing assistance program available to off-set some of these eligible expenses. We would like to request a 50%split with the City of the increment generated by this project on a pay-as-you-go basis. This project will generate real estate taxes of nearly$50,000 annually through the year 2015. The net present value of this future cash flow is approximately$300,000 of which 50%would cover our utilities,soil,ponding and grading costs. I hope this is the information that you were looking for in analyzing our requests. We are also very receptive to granting the City of Mounds View an easement for signage on the corner of the lot for golf course identification. PIease call with any questions or comments you may have. Both ZEP and I look forward to becoming a part of your community and assisting in the growth of your City. Respec y, BENS - TH ASSOCIATES,INC. ,/ iiLl....41-t-i -• Mark . Ste' President i=CCI icgec : -e • ...:c= ::: • ''''--.a:::-.:. . --- • rr<UM :"Gcp E.NG/MPINT 404 SOS S72S 1997.01-24 11:48 #038 P.02/03 zP ZEP MANUFACTURING COMPANY 1310 Seaboard Industrial Boulevard. N.W. • Post Office Box 2015 Atlanta. Georgia 30301 (40A)352-1680 Ms . Pamela Sheldon January 23 , 1997 Community Development Director City of Mounds View 2401 Highway 10 Mounds View, MN 55112 Dear Ms. Sheldon, Mike Monson of Benson-Orth and I thank you for the opportunity to meet with you yesterday to discuss our plans to develop a branch sales office and warehouse in the North Star Industrial Par{. You were very helpful in explaining the Development Review and Approval process . I would like to introduce Zep to you and explain the activities that will take place in our new facility. Zep Manufacturing is a sixty year old company headquartered in Atlanta, Georgia. We are a division of National Service industries, a two billion dollar company listed on the New York Stock Exchange. Zep has over fifty branch and five manufacturing 410 - locations throughout the U.S. and Canada, employing over 2, 000 sales and support personnel. Our business is the manufacture and sale of specialty janitorial, sanitation, and maintenance chemicals for our hospitality, institutional, and manufacturing customers . We also sell a complete line of cleaning and maintenance. equipment. Our chemical products are available as powders, liquids, and aerosols . They are packaged in cases of aerosols, quart and gallon bottles, seven gallon pails, 55 gallon drums, and 220 callon reusable tote tanks . Most of the liquid' products are water based soaps and sanitizers, but we also provide many solvent based degreasers and cleaners . Our products are desicned to be strong and effective. Some are flammable and some are corrosive . We recognize the importance of operating our business and responsibly. Our main plant in Atlanta makes approximately 80% of our production in 700 , 000 square feet of manufacturing and warehousing facilities . This facility is ISO 9001 certified and has won the State of Georgia Environmental Award for the last four years. The other manufacturing facilities will become ISO certified this Spring. 410 We work in a partnering relationship with our insurance and loss prevention consultant, Alexander a Alexander, and our insurance carrier, IRI, to continually evaluate and implement the latest and most effective fire and loss protection methods and e:uioment at all of our facilities . We ensure that ail new First in Maintenance Products .•• -_• .u. „ ,� 404 SOS 9729 1997.01-24 11:48 ;,038 P.03/03 411 facilities, such as this one, will be in full compliance with all LAPPA Rnd NEC code requirements. We also make certain that we fully protect the environment. We have had a branch in the Twin Cities since 1970 and have been at 2031 Oakcrest Ave. in Roseville since 1980 . The current facility has 11, 600 square feet of warehouse and 1, 800 of offices . There are seven administrative and six warehouse employees supporting approximately thirty sales reps in the Twin Cities area and an additional twenty reps in the surrounding areas . This new facility will have approximately 18 ,300 square feet of warehouse and 6, 000 of offices and sales training areas . The new facility we are proposing will be solely a sales support and distribution warehouse for our customers in Minnesota and the Dakotas . There will be no manufacturing or packaging done at this facility. All environmental and fire protection codes will be fully met. We have designed separate cutoff rooms for the safe storage of the aerosols and combustible/flammable liquids . hope this gives you a helpful understanding of our plans . If you have any questions, please give me a call at 404-605-8842 . + We look forward to working closely with you, the Fire Marshall, and others to • ensure that this project meets everyone ' s 110 expectations . Sincerely yours, Steve Avary Director of Engineering • COMM OF I11© Phone: (612) 784-3055 W Fax: (612) 784-3462 d'ress • Partners' February 18, 1997 Mr. Mark Steingas President Benson-Orth Associates Incorporated 14001 Ridgedale Drive, Suite 320 Minnetonka, MN 55305 Dear Mark: The City of Mounds View is very excited to learn of Zep Manufacturing's decision to pursue Lot 1 of the North Star Light Industrial site for their regional sales and distribution headquarters. Per our meeting on February 10th and discussions regarding the project, staff is willing to recommend to the Mounds View Economic Development Authority(EDA)to consider offering assistance for the project through the use of tax increment financing. As you know, the project must meet certain State criteria to be eligible for assistance, namely the "but for" test. The law states that "but for" the use of tax increment financing the proposed development would not occur. With the information provided by you regarding the additional expenses that you will incur due to moving the building from lot 2 to lot 1 and hooking up to Blaine sewer and water, I believe there is adequate reason to meet the"but for"test. After reviewing your financial proforma and estimates of available increment generated by the project, I would like to propose offering Benson-Orth Associates 50% of the increment generated from the project for six years up to a maximum of$150,000. The payout would be semi-annually on a pay-as-you-go basis. I believe this offer would be sufficient to cover your additional costs for ponding and utilities as presented. The City of Mounds View's proposal is based upon the acknowledgment that Zep is unable to successfully find adequate expansion space in Roseville where they are currently located. In addition to the TIF Assistance, the City would like an easement on the northeast corner of the lot for a City sign. We would make sure the sign is constructed and maintained in a professional manner with natural non obtrusive materials. The project and offer of assistance will be discussed by the Economic Development Commission (EDC), an advisory group to the EDA, on February 20, 1997 at 7:30 a.m. The EDC will review the project to ensure that it meets the economic goals of the City and will give their recommendation to the EDA for review. The EDA will discuss the project at the work session on PRINTED WITH 2401 Highway 10• Mounds View, MN 55112-1499 SOY INK TM 100°0 recycled paper Equal Opportunity Employer ' r w Page Two of Two Benson-Orth Associates Inc. February 18, 1997 March 3, 1997 at 6:00 p.m. If staff is directed to move forward with the offer of assistance, a development agreement can be prepared for approval either at the March 10th or 24th meeting. We are excited about the prospect of Zep Manufacturing moving to Mounds View. Please contact me at your earliest convenience to discuss this proposal and information needed prior to the EDC and EDA meetings. Sincerely, • Cathy Be • Director of Economic Development cc: Jim O'Meara, Briggs & Morgan Wendell Smith A W N 7' -0 -1 �- > p 0 "0 'D Kn -1 n C ?1 O 0 0 O C p 1C cn C m a, ym ai (11 D Nk it 77 0 O m M -IZ 0 o .T < C ZI Z c= y < < Cnn Z Z < m CO cc 3 3 r CD -n o Z m -Ni n a m _ _ _I Z r O m iw n 0 m m m m m 0 CO 0 0 O C C * * O ° o m f m +m m Z "CO 'CD QZe c -0 171 C n aaaaD Cm a � o � OZnN g m m < mcnpm � n rn IN m c a Z n � � I DCS Zo y _pc rn b � na, nzmm � m C Z Fa ° X cn p c� rn rn p -< �I z z Z v , L =' N v * Cl) m ! r- Z G7 c Z D O m Z W C W °' v m a) r z Z ,< K p co p m C Co I x y y o m m ! Z m Z z z o cmn 0 ;� —I c cn m m n n -0 cn mi Om o ID co m z 0 O cn cnm o Q 1l -1 _.1 z N 0 a. 0 O v o a r' Z cn I— c 0 z a Z v) C fj fA -I 0 - o EA c� ^ �. "` N W fA fag fA fA 69 (0 O O JO CD V O A -' -4 (0 N V (71 CJI N co V > p/ Cb (D 00 (D . O 01 Cn W (D -1 r C la W r7 In (r no cn O (D (71 CT in ni fA W W fA fA fA EA KO co N O O (1 fA CA 0 N O Cr) I O V CO O O O O 0 is N O O O O O O N O I ff 01 N =IOo 1:C1 N �. N O O I C.)1OO _ CO N CD 0 y , 0 I (A 0 I fA ba9 to fA m (n <A CA fA fA fA j W .Eft ;A -. (T -+ N N 0 N CD V m N I CVn 0] W co ca - O A N AW CO '� (0 W V 0) 0) CD CD 0 0 0 z to g, Et m y O X 0 e. D Z m f-- f"- m m O 5 m CD Z 0 -o v m D n m m 0 0 cn c>i> cn cn < ".'1 CD m cn 0 0 0 0 a r 0 mz z 0) mmmm m > `° m °, .. o, c05. 0 --0 m ?-1 0 M A w IV m ^) m m m z p O r m m Z • N v a o 41) z m O pn ,m, -1 < P z m 0 o o � (o z m n rrn -n m o cn N 07 m m > Cl) 0 Z 2 ' m m -0 m O co a. c a m 0 u) (D N W (1) CD ' a cg o K rn EA o co in EO AL no o WW V Oo cocn N N N N "co in (71 (3) UI O 0) 0) O O 0 KD N RRTI (D N co ill iii m n1 c CD CD CD V N V w Co o. j N N O co C.1) N N V V F N c O CT Cn O ca al O CDD VD (CD CD X1 M m p A W �'' V m m co 0o r<n N N W - N N N N Z ('1 C71 O 0) CV ((3 J1 W 1 0 o 0) rn 0 IP K) 0 c) D n 23 O v c • c) -I Z Z 0 m < O G) -< C cb b CA ch y p = Z CA m CA Co CO = -I -I < • ? p m m m c P X £ O (7 Z to cn H m K7 O m O > m m _i n z X s � b � K° * zv g < < B 0 < .< XI 'm' oau > -n � Dmm �T _n --1 m � mm 0 X X E. cX 151; m 0 C m N -L p n3i GZ) G) Ocn (n c c E G) n O m • m Z Z Cr CA CO o to -' y m Z N `° m 0 m m m m DI) CO 0 -I Z ) c m m m m m m n c m c co y CO q Z m o H 0O s m co a co N_ v 0 0 alcn cn alCn v co w a a= ° A A _ V _ V W W V V CO CA CD V W 0 V CD C.) o A WA O OOD O O CD coOop -. OO) N CO -.4 0 CDO o CO OD CA CO CD 0 CD co 0 A N V 0 CO CO 0 0 0 -+ co N --` 0 V V A W V V CO a)Vi op -co v W O V COA 'CT O ' A A N N A A In O W O) -+ V N CO 0 o COA0) CO ? ? O ? 0 A A CD co al 0 CCA 01 co 0 0 N COD ... N -. " 1 V CO CODCD CO W W a) -N) CO .CV) _CWD V .0) O V COAN CO ts) -' N N O N N N CO V D) V A N O AOA00COANON0 00 o D CO 0 0 0 O CD CO CA O 0 W NI r N)N CNO 'COD COD O) W COO _COO CD V O V W O V COAN ' W W a N W W CO CO W O) V A_ N O 0 o O coOO COOCOO O CO 0 COD co co NOo 0 COO (Nn co 0 O A 6 • N � b T » > v > m > m m 0 -yI Z Z 0 m < 73 73 CD o I O b v - ^ p 2 C 2 m 2 -I -I > X Z O m m Uoi vOi ma a -n N CA 7) m to fn > Z O n Z 0) N w (C) P 0 o r C m r m m 70 m m =i 0 < . I� ah to � Zm * < < m m _< 73 m D vn n � T m p T m m m Z z z m 7J � Z Z IE 9 xi � x ' m0 ^ c mr.) * -0 -i0 G) v 0 u' Cc a, p 0 p m 73 73 m 70 z m vi o co cmn aoi D m z to p m O m m r r -, w — 0 I Z D m Z < rn -I � Cl) Z CO "' Z cn cn m o) PI C) -1 m C m m y CD m Z m C./) v' m m 0 -I c 71 to co A A ^W W A A co W- I CN)C V co 0 V COAo `� A -•' A j N A A In O I A• V j IV CO O o W OD W CO 0 CO CO CO V O N CO O CO 0 o co N cc N co O N 0 N 0 A CO - 0 CT CT 0 0 0 - co SCJ CT A A CT A A _-, m ' N co A - A A A CO W A A Co W I CT V W 0 V CO al CO `� CA + in N O O1 In N In on - V N co • Co W CO W O W O Cn O) cc 0 I cc Cn N CO o CO • e co CO CD Cn A O cc O CA 0 A 0 CT 0 a CT O O co N Co •N CAT CAT OD W CAT CAT co- co ! cc - W O V co co d `�co cn -+ O N CT V b Cn v j N O O o co -4V OD V W O V O V 0 .P -0-, cc COT CNT 0 0 0 W 0 N COND 01 A. w CO w aD CO CAD 0 44 ti 0) CO CO .C4• O d CO `' CO N N CO CO in -CO CO 0 - V A_ N CO CO cc CO 0 v 0 cc m O A O CO cn COT CONO 0 0 A CCD 0 PO a%) A A (r A 4:- a - O) N 0.3 w ! A A O Cn W O co CO V W O V CO CO W `' '"' is V N A A in b V N O O o CCOO co CO N v o N N 0 A m -.k C01 CNT co O co CT O _ - J V Ad W ccWAcc CW O V CO N V -co cc O) CO N N cc CD COccCT CT In O V A N O o ® A V A. V N O V V CO Cn O Cn N CO o \ 0 01 0 CT v T 01 0 CT CT 0 A CO 44 C0 0 0 a) -4 i Staff Memo To: Economic Development Commission Members From: Cathy Bennett, Director of Economic Development Date: February 12, 1997 Subject: Consideration of Tax Increment Policy and Deposit Agreement (5.B.) Attached is the last draft of the Tax Increment Policy and Deposit Agreement we had been working on in the fall of 1996. The policy does not reference the guidelines for analysis of a tax increment application since we are still working on testing this model. The policy does reference an application which will help staff, consultants, EDC and EDA members review the project. • Once again, please review the policy, deposit agreement and application.0 will have a resolution Ct-avi prepared recommending the approval of the documents by the EDA for your consideration? Pi re- Vora . The EDA set up a workshop to discuss Mounds View's tax increment districts on April 21, 1997. Therefore, they may not be prepared to take action on this item until after the workshop. ef), astdr t roPta rd-t Oir) \Vj u.,c-ire uta I • Tax Increment Policy Mounds View Economic Development Authority Mounds View, Minnesota GENERAL POLICY: 107)o LI , �a The Mounds View Economicevelopment Authority has the powers under the Minnesota Statute Sections 469.124 through 469.137 annd Sections 469.001 through 469.047 to govern and monitor the use of tax increment financing for three tax increment districts and the Mounds View development district which encompasses the entire boundaries of the City of Mounds View. It is the responsibility of the Mounds View Economic Development Authority to use tax increment financing as a tool to accomplish the City's economic development and redevelopment goals and objectives. The Mounds View Economic Development Authority understands and abides by the fundamental principal which makes tax increment financing viable to encourage development and redevelopment which would not otherwise occur. The Mounds View Economic Development Authority shall consider tax increment financing in cases that serve to accomplish the City's development goals and activities as hereby defined in projects eligible for tax increment financing. PROJECT ELIGIBLE FOR TAX INCREMENT FINANCING: •rojects eligible for consideration of Tax Increment Financing assistance per the Mounds View Economic Development Project Plan dated May 9, 1994 include, but are not limited to (1) the attraction, retention, rehabilitation and preservation of commercial, industrial, retail, residential, recreational and public service facilities; (2)new and rehabilitated public infrastructure; (3) community and other public service centers; (4) senior/mature adult and/or other housing development partnerships or other multi-use housing projects and facilities; (5) other public utilities (including telecommunications); (6)business incubator loan and other business programs; and(7)transportation systems. More emphasis will be placed on those items which increase the tax base, eliminate blight and meet the City's economic and redevelopment goals. COSTS ELIGIBLE FOR TAX INCREMENT FINANCING: Project costs qualifying for Tax Increment Financing assistance, as defined under the TIF Act, include utilities design, landscape design, architectural and engineering fees directly attributable to site work, site related permits, earthwork/excavation, soils correction, landscaping, utilities (sanitary sewer, storm sewer, and water), streets and roads, street/parking lot paving, street/parking lot lights, curb and gutter, sidewalks, land acquisition, special assessment, legal (relating to acquisition, financing, and closing fees), soils tests and environmental studies, surveys,park dedication fee, SAC, WAC charges,titles insurance and TIF application deposit. 1 I DETERMINATION OF AMOUNT OF ASSISTANCE TO APPLICANT: Within TIF Districts woo z 2,fand'3 The amount of Tax Increment Financing provided to an applicant will be based, in part, on the analysis of information provided on the application for Tax Increment Financing assistance (Attachment"A"), amount of increment generated by the project as evaluated by the City's Financial and Bond Counsel and the City's economic and redevelopment goals. The level of assistance provided will be evaluated on a case by case basis and may reflect an increase or decrease in assistance dependant upon the level of increase in the tax base, amount of elimination of blight and/or a number of variables that may substantiate the need for assistance. An adjustment in the amount of assistance that can be provided is at the sole discretion of the Board of the Economic Development Authority as long as the requested uses are legal under the Minnesota State Statues for use of tax increment financing. Within the Development District(herein referred to as the "City" limits)but outside of TIF Districts The evaluation of Tax Increment Financing assistance that could be provided to an applicant will be based in part on(A)the analysis of information provided on the application for Tax Increment Financing assistance (Attachment"A"), (B) square footage cost of the project, (C)balance available in the Economic Ievelopment Authority excess tax increment fund and(D)proof of need for assistance under the "but for" test for use of tax increment financing. TYPES OF ASSISTANCE Within TIF Districts N o�:; and,3`' Tax Increment Financing can be provided in either"pay as you go" or"up front"payments. "Pay as you go" is wherein the Mounds View Economic Development Authority compensates the applicant for a predetermined amount for a predetermined number of years. The applicant pays for(re)development up front and then annual payments are issued to the applicant based on the need for assistance and increment generated from the project. "Up front' payments is wherein the Mounds View Economic Development Authority must issue revenue or general obligation bonds to pay for the (re)development prior to completion of the project. The increment generated from the project is then used for repayment of the bonds. The Mounds View Economic Development Authority gives preference to the use of"pay as you go" assistance to finance private development projects due to the reduced risk to the community. The EDA will consider"up front"payment projects that would benefit the entire community and are not possible to be funded under a "pay-as-you-go"basis. Within the City but outside of TIF Districts 2 gliFinancing from the dedicated tax increment fund can be provided in annual installments to the applicant based on the positive cash flow balance in the Economic Development Authority's dedicated tax increment fund and need for assistance based on analysis of the"but for"test for the project. The dedicated tax increment fund includes a value based on the use and is adjusted along with the budget process and goals and objectives for economic and redevelopment on an annual basis. APPLICATION FOR TAX INCREMENT FINANCING ASSISTANCE: The Mounds View Economic Development Authority shall require a deposit in the amount of$1,000 from the applicant for the EDA's consultants to investigate the feasibility and need for providing Tax Increment Financing assistance to the applicant and per the terms of the deposit agreement(Attachment"B"). SUBMITTAL OF APPLICATION FORMS: Applicants requesting Tax Increment Financing assistance within an existing district or in the creation of a new district, shall be required to complete and submit the following: 1. Application for Tax Increment Financing Assistance 2. Deposit for Review of Tax Increment Financing Assistance • • 3 CITY OF MOUNDS VIEW DRAFT APPLICATION FOR TAX INCREMENT FINANCING PROJECT: 1. Business Name: Address: Telephone#: Contact: 2. Brief Description of the Business. (Please provide# of years in business under current ownership and # of years in Mounds View) 3. Present Ownership of the Site: a4. Present q Project: Buildingsquare footage, location of project, size of property, description of buildings -materials, etc. Attach site plan, if available 5. If Property is to be Subdivided, Show Division Planned. i DRAFT - September 4, 1996 (Attachment"A" Cont.) •6. Estimated Project Costs: (please enclose construction performa, if available.) a. Land Acquisition b. Site Development $ c. Building Cost $ d. Equipment $ e. Architectural &Engineering Fees $ f. Legal Fees $ g. Financing Costs $ h. Broker Costs $ I. Contingencies $ j. Other(please specify) $ Total $ 7. Total Estimate Market Value at Completion $ (Explain Calculation) 8. Submit an Itemized List of Eligible Costs Qualifying for Assistance (see page 1 of Tax Increment Policy). 41111). Sources of Financing a. Equity $ b. Bank Loan $ c. Tax Increment Assistance $ d. Industrial Revenue Bonds $ e. Other (please specify source) $ 10. Form of Tax Increment Financing Assistance Requested. Pay As You Go Bond Issuance Excess Increment 11. Name & Address of Architect, Engineer, and General Contractor. • DRAFT- September 4, 1996 (Attachment"A" Cont.) •12. Estimated Real Estate Taxes on Project Site upon Completion of Project. (please show calculations.) 13. Project Construction Schedule: a. Construction start date b. Construction completion date c. If phased project: Year % Complete Year % Complete 14. Estimated Number of Jobs: Created (within 2 yrs) Retained 15. Average Annual Wage Level of Jobs Created (within 2 yrs) Retained 4111 16. Is Job Training Assistance Needed? TAX INCREMENT FINANCING REQUEST: 1. Describe amount,term and purpose for which tax increment financing is required and how the project fits into the City's economic development and redevelopment goals and objectives, 2. Statement of necessity for use of tax increment financing for project. DRAFT- September 4, 1996 3. Describe the Potential for Growth. • 4. What is the Return on Equity Invested that you or investors need to make the project feasible_ 5. If Rental Space, What is the Range of Targeted Rental Rates 6. If Rental Space, Who are the tenants and what is the length of their leases. III • DRAFT - September 4, 1996 Staff Memo To: Economic Development Commission Members From: Cathy Bennett, Director of Economic Development Date: February 12, 1997 Subject: Consideration of Work Plan for 1997 (5.C.) If time permits, I would like to discuss the draft EDC work plan for 1997. I have included a copy of the 1996 and proposed 1997 work plan for your review. The Council and staff are holding a strategic planning session on March 22, 1997 and it will be helpful for • them to review the EDC's plans for 1997. If we are unable to complete the review of the draft work plan for 1997 I would suggest either moving the March meeting up one week to March 20th or have each member review the work plan at their leisure and get comments back to me prior to the March 22nd Council/Staff Strategic Planning Meeting. S ECONOMIC DEVELOPMENT COMMISSION 1997 WORK PLAN Mission Statement: The Economic Development Commission shall serve as an advisory body to the Economic Development Authority to promote a positive economic climate and revitalize the community by developing programs to retain and expand existing businesses,attract desirable new businesses,and redevelop target areas in the City. Action Steps: • Review and make recommendations to the EDA on programs and opportunities to enhance business development. • Advocate for an approved Redevelopment Plan for Highway 10,Section 9 and encourage further study and planning for the entire Highway 10 Corridor as an important element in the positive economic vitality of Mounds View. Continue to act as the catalyst for and provide input on the development of a Corridor redevelopment plan. • Monitor and provide input on the Mounds View Housing Replacement Program. Ensure that the program continues to provide the community with affordable and life cycle housing and positive economic growth and meets the requirements of Mounds View's Tax Increment Plan. • Research innovative programs of other metro area cities as it relates to development,redevelopment and housing rehabilitation. • Work cooperatively with the Planning Commission in evaluating design standards for new development and redevelopment in the City. • • Develop and make recommendations to the Economic Development Authority for a Tax Increment Financing Policy. • Actively participate in retention calls to local businesses. • Explore opportunities for improvement of the public transit system along Highway 10. • Communicate on a regular basis with the public on the Economic Development Commission activities,encouraging written or verbal comment, through the City Newsletter,cable and other interactive avenues. • ECONOMIC DEVELOPMENT COMMISSION 1996 WORK PLAN Mission Statement: The Economic Development Commission shall serve as an advisory body to the Economic Development Authority to promote a positive economic climate and revitalize the community by developing programs to retain and expand existing businesses,attract desirable new businesses,and redevelop target areas in the City. Action Steps: • Complete the process of making Mounds View a Star City • Review and make recommendations to the EDA on programs and opportunities to enhance business development. • Advocate for an approved Highway 10 Redevelopment Plan as an important element in the positive economic vitality of Mounds View and provide input on the development of the redevelopment plan. • Monitor the development of a Housing Program for Mounds View recognizing the link between affordable and life cycle housing and positive economic growth. In addition,review the use of tax increment financing funds for a Housing Program ensuring that the program meets the requirements of Mounds View's Tax Increment Plan. • Research innovative programs of other metro area cities as it relates to development,redevelopment and housing rehabilitation. • Work cooperatively with the Planning Commission in evaluating design standards for new development and redevelopment in the City. • Develop and make recommendations to the Economic Development Authority for a Tax Increment Financing Policy to include fundability guidelines. • Actively participate in retention calls to local businesses. • Explore opportunities for improvement of the public transit system along Highway 10. • Communicate on a regular basis with the public on the Economic Development Commission activities,encouraging written or verbal comment, through the City Newsletter,cable and other interactive avenues. IP • Staff Memo To: Economic Development Commission Members From: Cathy Bennett, Director of Economic Development Date: January 14, 1997 Subject: Recap of January 9, 1997 Special Meeting Agenda for January 23rd Regular and Steal Meetin_ 1. Attached is the minutes from the January 9, 1997 Special Informational Meeting regarding the Highway 10, Section 9 Corridor Study with SRF Consulting. Please note upcoming meetings relating to the study. January 23rd - 6:30 p.m.: Regular EDC Monthly Meeting January 23rd - 7:00 p.m.: Purpose is to discuss goals and objectives for the Corridor Redevelopment and a presentation will be given by Towle Real Estate regarding the market overview. (Property Owners, Planning Commission, Parks& Recreation Commission and EDA Members Invited) (Invitation Attached) SFebruary 8th- 9:00 -Noon: Design Workshop (further details provided at the January 23rd meeting) 2. Attached is the agenda for the January 23rd meeting to be held at 6:30 p.m. at City Hall Council Chambers. Item S.A. - A Chairperson and Vice Chairperson will need to be elected per motion. Item S.B. - Consideration of Resolution No. 97-EDC16 regarding the Acceptance of the EDA Bylaws for 1997. I have made an amendment regarding Section VII, Subdivision B from EDA Clerk-Administrator to EDA Executive Director. There is no EDA Clerk- Administrator. We will need to discuss the desired regular meeting time. If the majority of the members would like to hold the meetings in the morning rather than the evening an amendment will need to be made to Section VI regarding adjournment of the meetings. The resolution can be amended by motion to make this change if desired. Item S.C. - Consideration of Resolution No. 97-EDC17 regarding the acceptance of the 1997 Calendar of Meetings. Once again, if the majority of the EDC members would like to hold the meetings in the morning, an amendment can be made to the resolution by motion to reflex the desired regular time of the meetings. • I am now working out of my home on a part-time basis. You can call me at 257-6203 if needed.