HomeMy WebLinkAbout2007 [02] Feb 21
www.cityofstjoseph.com
CITY Of ST. JOSEPH
Administrdtor
Judy Weyrens
St. Joseph Economic Development Authority
Meeting Notice
VVednesday,February 21,2007
3:00 p.m. City Hall
MdYor
Richdrd Cdrlbom
1. Call to Order.
Councilors
Steve Frdnk
AI Rdssier
Renee Symdnietz
Ddle Wick
2. Oath of Office - Dale Wick.
3. Approval of Agenda.
4. Approval of Minutes.
a. January 17, 2007
5. Accounts Payable and Financial Report.
a. Approval of Accounts Payable
b. Approval of Financial Report
6. Business.
a. Fa<;ade Architectural Grant Program Guidelines.
b. Industrial Park Update
c. CSAH 75 Renewal Project
7. Board Member Announcements.
8. Adjournment.
2.) College Avenue North' PO Box bbs . Sdint. Joseph, Minnesotd )b)74
Phone j2.0\6j.72.01 fdX j2.oj6j.oj42.
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OATH OF OFFICE
I, Dale Wick, do solemnly swear to support the Constitution of the United
States, the Constitution of the State of Minnesota, the laws of the City of St.
Joseph and to discharge faithfully the duties of the office of Board Member of
the S1. Joseph Economic Development Authority, to the best of my judgement
and ability, so help me God.
(OJ
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CITY OF ST. JOSEPH
ECONOMIC DEVELOPMENT AURTHORITY
, Meeting Minutes - Wednesday, January 17, 2007
Present EDA Board Members Richard Carl born , Carolyn Yaggie - Heinen, Ken Jacobson, and
Tom Skahen.
Absent: None.
Also present: Council Member Dale Wick (potential EDA appointee), City Administrator Judy
Weyrens, CollegevilleCommunities Representatives Jon Petters, Jim Digeovanni and Nathan
Woodworth, and Cynthia Smith - Strack of Municipal Development Group.
Vice Chairperson Carlbom Called the January 17, 2007 meeting of the St. Joseph EDA to order at
3:05PM.
Election of Officers - 2007.
Vice Chairperson Carlbom introduced the topic noting the EDA Bylaws specified the election' of
officers annually at the first meeting of the year. Carlbom stated the officers for 2006 were as
follows: Chair - Ross Carlbom, Vice Chair - Carlbom, Treasurer - Skahen and Secretary -
Jacobson.
Carlbom asked for nominations for the four offices. Nominations/seconds were Chair - Carlbom,
Vice Chair - Jacobson, Treasurer - Heinen and Secretary - Skahen. Carlbom asked twice for
other nominations. No additional nominations were made. Motion Jacobson, Second Heinen to
approve nominations as listed. Motion carried 4-0.
Agenda.
Chairperson Carlbom introduced the agenda. Moved by Skahen seconded by Jacobson to
amend agenda moving Business Item 6(a) up on the agenda to directly follow approval of the
agenda. Motion carried 4-0.
Final TIF Application - Collegeville Communities.
Chairperson Carlbom introduced the topic, representatives from Collegeville Communities and
requested Strack provide an overview of the request. Strack noted Collegeville Communities has
submitted a final application and fee requesting Tax Increment Financing assistance for the
construction of a 21,518 square foot mixed-use condominium facility. The proposed project site
includes the former Krebsbach Chevrolet property and the current laundromat/tanning site. TIF
assistance is requested in order to help the project move forward. A copy of the TIF Application
was distributed to members of the EDA.
Strack noted the project meets the objectives of: (a) removing blight and/or encouraging
redevelopment in the commercial areas of the City in order to encourage high quality
development or redevelopment and private reinvestment in those areas, and, (b) providing for a
balanced and sustainable housing stock to meet diverse needs both today and in the future.
Strack stated the final application includes a sources/uses statement and pro-forma analysis
demonstrating the project is not financial1y feasible without TIF assistance. The project is
consistent with the Comprehensive Plan and zoned appropriately for the intended use. The
applicant has provided documentation certifying ownership/control of the subject property.
The EDAlCity's TIF policy includes several 'desired qualifications'. Strack reported analysis
conducted pursuant to the information contained in the application and the 'desired qualifications'
revealed:
EDA Minutes - January 17, 2007
1. Current taxes generated by the proposed site total $3,403, taxes generated post-
development are estimated by the Steams County Assessor's Office (Senior Appraiser)
to total approximately $75,459. The change in taxes equates to a 10:1 increase. .
2. Collegeville Communities is an existing company with similar projects established in
Northfield and Winona. The pro-forma analysis indicates two commercial units and five of
the residential lofts are pre-sold.
3. The request is for pay-as-you go assistance, if taxes are not generated the increment will
not be achieved.
4. The proposed mixed commercial office/retail and residential loft units will not place
extraordinary demands on City services.
Collegeville Communities proposes to use the TIF agreement to secure a note from a private
lender. The lender will likely not issue debt based on the total amount of TIF identified in the
agreement but rather a percentage thereof. A minimum assessed market value agreement
between the applicant and Stearns County will likely be needed.
The EDA discussed the request. Carlbom asked representatives from Collegeville Communities
to describe the proposed phasing for the project. Representatives noted development would start
at the intersection of College/Minnesota and proceed to the east.
Jacobson inquired as to was the target market for the commercial spaces and the lofts.
Collegeville Communities representatives noted the commercial area units would be marketed to
specialty retailers, professional offices and restaurant establishments. The lofts were being
marketed to professors, commuters, adults and retirees. Strack clarified the units must remain
taxable property following sale or TIF would not be available to assist with the project.
Representatives from Collegeville Communities noted they would require condominium units
remain taxable property as a condition of sale of the property.
Skahen asked what amount of TIF was potentially available to the project. Strack noted that
information from the County Assessor estimated $1.35 million could be available over a 25 year
term but that the amount considered should be representative of the gap in financing as
demonstrated by the pro forma but-for analysis. Woodworth noted the net present value of pay-
as-you-go TIF was thought to be approximately $467,000.
Heinen inquired as to what project costs the increment could offset. Strack noted eligible uses for
increment included site acquisition, site preparation and installation of improvements.
Motion Skahen, second Jacobson to recommend the City Council approve the final TIF
application and authorize drafting of TlF plan and TlF agreement for the Mill Stream Shops
development providing:
1. Total benefit not to exceed a net present value of $467,000.
2. Term to expire at time of maximum net present value attained or 25 years whichever is
less.
3. TIF benefit on a pay-as-you-go basis (TlF bonds will not be issued).
4. All properties subject to the scope of the TIF Plan will retain status as taxable property.
Motion approved 4:0.
EDA Minutes - January 17, 2007
Approval of Minutes.
EDA Chairperson Carlbom noted the minutes from the December 20, 2006 meeting. were
inCluded in the packet.
Motion by Skahen, seconded by Jacobson to approve the December 20, 2006 regular EDA
minutes as presented. Motion carried 4-0.
EDA Accounts Payable.
Carlbom introduced the topic. Strack noted accounts payable for the month included TIF
disbursements to Borgert Products/SKN and MinnWest Bank, Commissioner per diem for 2006,
payment to SEH for creation of maps, purchase of greeting cards for business owners, postage,
telephone and MDG invoice. Accounts payable for the month totaled $39,398.67.
Motion by Jacobson, second by Heinen to approve the EDA accounts payable for the month of
December 2006 in the amount of $39,398.67. Motion carried 4-0.
Financial Report.
Carlbom introduced the agenda item. Strack noted the December financial reports were
contained in the packet. Reports presented included: revenue, expense, check register and fund
balance.
Motion by Skahen second by Jacobson to approve the December financial report as presented.
Motion carried 4...0.
CSAH 75 Renewal Project.
Chairperson Carlbom introduced the topic. Strack noted the EDA had directed her to contact the
owners of homesteaded property in the area adjacent to College Avenue and Ash Street. Strack
noted she had talked with a few property owners but many had been unavailable for contact. Of
those contacted most indicated they had no interest in sale of property and most calls were met
with skepticism and distrust.
Jaqobson noted that opinions of property owners will likely change greatly over anyone period of
time as individual circumstances change.
Carlbom noted he was to develop an article for the News/eader and could submit an article
requesting input from landowners adjacent to CSAH 75 regarding interest in partnering for
redevelopment.
Board members also directed Strack to contact the owners of rental property in the renewal
corridor regarding their thoughts on redevelopment potential.
Business Retention and Expansion Update.
Carlbom noted the topic on the agenda. The Board reviewed a mailing prepared by Strack which
included BRE survey results.
Heinen suggested the words "Economic Development Authority" be used in the flyer rather than
the EDA acronym. In addition, Jacobson requested extra copies of the survey be made available
at the next Chamber of Commerce meeting.
Board members authorized/directed Strack to mail the flyer to members of the business
community.
Board Member Announcements.
Carlbom noted he was going to appoint Council Member Wick to the EDA replacing former
Council Member Rieke. The appointment was to be approved by the City Council at the next
meeting.
EDA Minutes - January 17, 2007
Skahen noted he had contacted St. Joseph Public Works Superintendent Dick Taufen regarding
a tour of the new water treatment facility. Superintendent Taufen will provide the EDA a guided
tour of the facility in April following final completion. Skahen also inquired as to the status of the
former feed mill. Strack noted the Building Official's office was following up on the status of
activity at the facility. Strack further noted the Building Official had recently discussed site plan
development with the property owner's architect.
Adjourment.
Meeting adjourned by consensus at 4:57PM
EDA Minutes - January 17, 2007
CITY OF ST. JOSEPH
www.cityofstjoseph.com
DATE:
February 14, 2007
Administrdtor
Judy Weyrens
MEMO TO:
St. Joseph Economic Development Authority
Cynthia Smith-Strack, Municipal Development Group
Accounts Payable - February 2006
February Financial Reports
Councilors
Steve 'Frdnk
AI Rdssier
Renee Symdnietz
Ddle Wick
A. Accounts Payable:
Following are Accounts Payable for the EDA's Consideration.
Payable To
MDG, Inc.
Total
For Fund
January Econ. Dev. Service 150-46500-300
Amount
$ 2,264.99
$ 2,264.99
Action:
A MOTION is in order to approve the Accounts Payable.
B. Financial Report:
February financial reports for the EDA are following. The reports consist of:
1. EDA revenue to date.
2. EDA expenditures to date.
3. Check Register.
4. Fund Balances (Econ Dev. 150, TIF 1-3 155, TIF 1-4 156 and RLF 250).
Action:
A MOTION is in order to approve the financial reports.
2.') College Avenue North' PO Box 668
Phone ")2,0 ")6")72,01
Sdint. Joseph, Minnesotd ')6)74
FdX 12,0 ")6")0")42,
..
INVOICE
MUNICIPAL DEVELOPMENT GROUP, INC.
25562 WILLOW LANE
NEW PRAGUE, MN 56071
952-758-7399
FAX: 952-758-3711
mdg@bevcomm.net
City of 51. Joseph
Attn: JudyWeyrens
City Administrator
PO 668
St. Joseph, MN 56374
Invoice Date 01-10-07
i Payment Terms: 30 days I Customer ID #: ST J06ED
Project
January Economic Development Services
See attached detail
Amount:
$1,925.00 Monthly contract fee-35 hrs
$ 339.99 701 miles x .485
$2,264.99
Code to: 150-46500-300 for general EDA
Remit To:
Municipal Development Group, Inc.
25562 Willow Lane
New Prague, MN 56071
Dates-EDA
January 3, 2007 EDA Office Hours
January 5, 2007 Hours at MDG Office
January 8, 2007 Hours at MDG Office
January 10, 2007 EDA Office Hours
January 11, 2007 Hours at MDG Offices
January 17, 2007 EDA Office Hours
January 24, 2007 EDA Office Hours
January 30, 2007 EDA Office Hours
Total January, 2006
8.00 hrs. C. Strack
4.25 hrs. C. Strack
1.00 hrs. C. Strack
10.50 hrs. C. Strack
4.50 hrs. C. Strack
7.50 hrs. C. Strack
8.50 hrs. C. Strack
7.50 hrs. C. Strack
51.75 hours
Total MDG,/nc_ 2007 Hours through January, 2007 = 51.75
Thank your We appreciated the opportunity to work with you!
Check No.
Date:
~~~
Principal
City. of St. Joseph
EDA Report
January 31,2007
Page 1
2007 YTD January 2007
Account Descr Budget 2007 Amt YTD Amt Balance
FUND 150 Economic Development
E 150-46500~1 03 Legislative Bodies $750.00 $0.00 $0.00 $750.00
E 150-46500-151 Workers Compo $150.00 $0.00 $0.00 $150.00
E 150-46500-200 Office Supplies $500.00 $0.00 $0.00 $500.00
E 150'46500"300 Professional $24,100.00 $2,069.65 $2,069.65 $22,030,35
E 150-46500"303 Engineering Fee $2,000.00 $0.00 $0.00 $2,000.00
E 150-46500"304 Legal Fees $1,000.00 $0.00 $0.00 $1,000.00
E 150-46500-321 Telephone $600.00 $42.84 $42.84 $557.16
E 150-46500-322 Postage $250.00 $0.00 $0.00 $250.00
E 150-46500-327 Tax Increment $0.00 $0.00 $0.00 $0.00
E 150-46500-331 Travel & $500.00 $0.00 $0.00 $500.00
E 150-46500-340 Advertising $500.00 $0.00 $0.00 $500.00
E 150-46500-433 Dues & $0.00 $0.00 $0.00 $0.00
E 150-46500-510 Land $0.00 $0.00 $0.00 $0.00
E 150-46500-582 Computer Software $300.00 $0.00 $0.00 $300.00
E 150-46500-587 Special Projects $0:00 $0.00 $0.00 $0.00
E 150-46500-700 Misc $0.00 $0.00 $0.00 $0.00
FUND 150 Economic Development $30,650.00 $2,112.49 $2,112.49 $28,537.51
FUND 155 TIF 1-3 Borgert (SKN)
E 155-46500"300 Professional. $935.00 $0.00 $0.00 $935.00
E155-46500-327 Tax Increment $0.00 $0.00 $0.00 $0.00
E 155-46500-340 Advertising $50.00 $0.00 $0.00 $50.00
E 155-46500-600 Debt Service - $8,307.00 $0.00 $0.00 $8,307.00
E 155-46500-611 Bond Interest $10,413.00 $0.00 $0.00 $10,413.00
E 155-46500-620 Agent Fees $0.00 $0.00 $0.00 $0.00
FUND 155 TIF 1-3 Borgert (SKN) $19,705.00 $0.00 $0.00 $19,705.00
FUND 156 TIF 1-4 St. Joe Development
E 156-46500-300 Professional $4,700.00 $0.00 $0.00 $4,700.00
E 156-46500-304 Legal Fees $0.00 $0.00 $0.00 $0.00
E 156-46500-327 Tax Increment $0.00 $0.00 $0.00 $0.00
E 156-46500-340 Advertising $50.00 $0.00 $0.00 $50.00
E 156-46500-600 Debt Service - $14,996.00 $0.00 $0.00 $14,996.00
E 156-46500-611 Bond Interest $32,196.00 $0.00 $0.00 $32,196.00
E 156-46500-620 Agent Fees $0.00 $0.00 $0.00 $0.00
FUND 156 TIF 1-4 St. Joe Development $51,942.00 $0.00 $0.00 $51,942.00
FUND 250 Revolving Loan Fund
E 250-46500-304 Legal Fees $0.00 $0.00 $0.00 $0.00
E 250-46500-490 Revolving Loan $0.00 $0.00 $0.00 $0.00
FUND 250 Revolving Loan Fund $0.00 $0.00 $0.00 $0.00
$102,297.00 $2,112.49 $2,112.49 $100,184.51
J
/
City of St. Joseph
Page 1
EDA Revenues
January 31, 2007
YTO %
SOURCE SOURCE Oescr Budget Rev Revenue Balance of Budget
FUND 150 Economic Development
34150 TIF/MIF Deposit $0.00 $17,000.00 -$17,000.00 0.00%
36210 Interest Earnings $0.00 $0.00 $0.00 0.00%
36300 Reimbursement $0.00 $0.00 $0.00 0.00%
39201 . Transfers from Other $0.00 $0.00 $0.00 0.00%
FUND 150 Economic Development $0.00 $17,000.00 -$17,000.00 0.00%
FUND 155 TIF 1-3 Borgert (SKN)
31050 Tax Increment $0.00 $0.00 $0.00 0.00%
FUND 155 TIF 1-3 Borgert (SKN) $0.00 $0.00 $0.00 0.00%
FUND 156 TIF 1-4 St. Joe Development
31050 Tax Increment $0.00 $0.00 $0.00 0.00%
FUND 156 TIF 1-4 St. Joe Development $0.00 $0.00 $0.00 0.00%
FUND 250 Revolving Loan Fund
36210 Interest Earnings $0.00 $0.00 $0.00 0.00%
36212 CDAP Loan Interest $0.00 $0.00 $0.00 0.00%
39312 CDAP Loan Proceeds $0.00 $0.00 $0.00 0.00%
FUND 250 Revolving Loan Fund $0.00 $0.00 $0.00 0.00%
$0.00 $17,000.00 -$17,000.00 0.00%
1/
City of St. Joseph
Page 1
EDA Expenditures
January 31, 2007
YTO %
OBJ OBJ Oescr Budget Exp Expense Balance of Budget
FUND 15.0 Economic Development
DEPART 465.0.0 Economic Development Authority
1.03 Legislative Bodies $75.0.0.0 $.0..0.0 $75.0..0.0 .0..0.0%
151 Workers Compo Insur. Premo $15.0..0.0 $.0.0.0 $15.0..0.0 .0..0.0%
2.0.0 Office Supplies $5.0.0..0.0 $.0..0.0 $5.0.0..0.0 .0..0.0%
3.0.0 Professional Services $24,1.0.0..0.0 $2,.069.65 $22,.03.0:35 8.59%
3.03 Engineering Fee $2,.0.0.0..0.0 $.0..0.0 $2,.0.0.0..0.0 .0..0.0%
3.04 Legal Fees $1,.0.0.0..0.0 $.0..0.0 $1,.0.0.0..0.0 .0..0.0%
321 Telephone $6.0.0..0.0 $42.84 $557.16 7.14%
322 Postage $25.0..0.0 $.0..0.0 $25.0..0.0 .0..0.0%
327 Tax Increment Certification $.0..0.0 $.0..0.0 $.0..0.0 .0..0.0%
331 Travel & Conference $5.00..0.0 $.0..0.0 $5.0.0..0.0 .0..0.0%
34.0 Advertising $5.0.0..0.0 $.0..0.0 $5.0.0..0.0 .0..0.0%
433 Dues & Subscriptions $.0..0.0 $.0..0.0 $.0..0.0 .0..0.0%
51.0 Land $.0..0.0 $.0..0.0 $.0..0.0 .0..0.0%
582 Computer Software $3.0.0.0.0 $.0..0.0 $300.00 0.0.0%
587 Special Projects $0.0.0 $0..0.0 $.0..0.0 .0.0.0%
7.0.0 Mise $.0.0.0 $.0..00 $.0..0.0 .0..0.0%
DEPART 465.0.0 Economic Development $3.0,65.0..0.0 $2,112.49 $28,537.51 6.89%
FUND 15.0 Economic Development $3.0,65.0..0.0 $2,112.49 $28,537.51 6.89%
FUND 155 TIF 1-3 Borgert (SKN)
DEPART 465.0.0 Economic Development Authority
3.0.0 Professional Services $935..0.0 $.0..0.0 $935..0.0 .0..0.0%
327 Tax Increment Certification $0..0.0 $.0..0.0 $.0..0.0 .0..0.0%
34.0 Advertising $5.0..0.0 $.0..0.0 $5.0..0.0 .0..0.0%
6.0.0 Debt Service - Principal $8,3.07..0.0 $.0..0.0 $8,3.07..0.0 0..0.0%
611 Bond Interest $1.0,413..0.0 $.0..0.0 $1.0,413..0.0 .0..0.0%
62.0 Agent Fees $.0..0.0 $.0..0.0 $.0..0.0 .0..0.0%
DEPART 465.0.0 Economic Development $19,7.05..0.0 $.0..0.0 $19,7.05..0.0 .0..0.0%
DEPART 493.01 Transfer to other Funds
7.0.0 Mise $.0..0.0 $.0..0.0 $.0..0.0 .0..0.0%
DEPART 493.01 Transfer to other Funds $.0..0.0 $.0..0.0 $.0..0.0 .0..0.0%
FUND 155 TIF 1-3 Borgert (SKN) $19,7.05..0.0 $.0..0.0 $19,7.05..0.0 .0..0.0%
FUND 156 TIF 1-4 St. Joe Development
DEPART 465.0.0 Economic Development Authority
3.0.0 Professional Services $4,7.0.0..0.0 $.0..0.0 $4,7.0.0..0.0 .0..0.0%
3.04 Legal Fees $.0..0.0 $.0..0.0 $.0..0.0 .0..0.0%
327 Tax Increment Certification $.0..0.0 $.0..0.0 $.0..0.0 .0..0.0%
34.0 Advertising $5.0..0.0 $.0..0.0 $5.0..0.0 .0..0.0%
6.0.0 Debt Service - Principal $14,996..0.0 $.0..0.0 $14,996..0.0 .0..0.0%
611 Bond Interest $32,196..0.0 $.0..0.0 $32,196..0.0 .0..0.0%
62.0 Agent Fees $.0..0.0 $.0..0.0 $.0..0.0 .0..0.0%
DEPART 465.0.0 Economic Development $51,942..0.0 $.0..0.0 $51,942..0.0 .0..0.0%
FUND 156 TIF 1-4 St. Joe Development $51,942..0.0 $.0..0.0 $51,942..0.0 .0..0.0%
FUND 25.0 Revolving Loan Fund
DEPART 465.0.0 Economic Development Authority
3.04 Legal Fees $.0.0.0 $.0..0.0 $.0..0.0 .0..0.0%
49.0 Revolving Loan $0.0.0 $.0.0.0 $0.00 0.0.0%
DEPART 465.0.0 Economic Development $0.0.0 $.0..0.0 $0..00 .0.0.0%
FUND 25.0 Revolving Loan Fund $.0..0.0 $.0..0.0 $.0..0.0 .0..0.0%
$1.02,297..0.0 $2,112.49 $1.0.0,184.51 2..07%
!
l
Search Name
CHECK #
MUNICIPAL DEVELOPMENT CORP
TDS METROCOM
038395
038407
City of St. Joseph
EDA Check Register
January 31, 2007
Comments
FUND
eda contract
telephone
150
150
Page 1
DEPART
Amount
46500
46500
$2,069.65
$42.84
$2,112.49
CITY Of. ST. JOSEPH
\'7\'7\'7. cityofstjoseph .com
DATE:
February 14,2007
MEMO TO:
Economic Development Authority
FROM:
Cynthia Smith-Strack, Municipal Development Group
Administrdtor
Judy Weyrens
RE:
Fa<;ade Architectural Grant Program and RLF standards
Background:
MdYor Last year the EDA began discussing various alternative incentive programs which could further
R: h d C Ib multiple goals of the EDA including, but not limited to: revitalization/renewal of existing business
1C dr dr om establishments, proactive outreach to the business community, specific incentive programs which
benefit business owners contemplating less intensive projects and the desire for architectural
Councilors designs sensitive to community aesthetics and compliant with existing ordinances.
Steve Frdnk
AI Rdssier One poten~ial incentive discussed at len~th included the establish~ent of a m~tching gra~t fund
R S . to assist with securing architectural services for redevelopment proJects, espeCially those Impact
enee ymdnletZfacades. Such a grant program could be used in conjunction with the Revolving Loan Fund to
Ddle Wick encourage the rehabilitation/renewal of existing structures within the business community.
The concept of the fa<;ade architectural grant program requires additional scrutiny in that the
program guidelines/application need to be developed and a funding source will need to be
identified.
The initial grant program will likely begin on a very small scale Le. total pool available for grant
$5,000 - maximum per project grant envisioned to be $1,000 - therefore, up to five projects
within the first year.
Sample program guidelines and an application are attached to this memo and predicated on the
following basic program concepts:
. Requires a match from the applicant.
. Is limited to a maximum of $1,000 for project.
. Is to be used to reimburse property owners for the cost of architectural services relating
to fa<;ade revitalization/enhancement.
. Requires project be completed within a short period of time (i.e. less than two years) or
grant to be refunded.
. EDA to review/approve requests on a first come, first served basis.
MDG has reviewed potential sources of funding for the fa<;ade architectural grant program. And
recommends the EDA reassign $5,000 of the balance within Fund 250 (revolving loan fund)
estimated at $48,000 to the architectural grant program.
In addition, the EDA has reviewed revolving loan fund process guidelines and application
materials. Please note said materials are attached for your review/discussion.
Action:
Following review and comment, if the EDA is supportive of the Fa<;ade Architectural Grant and/or
the RLF standards/application a MOTION is in order to recommend the City Council approve the
grant program and RLF guidelines.
2.) College Avenue North' PO Box bb8 . Sdint. Joseph, Minnesotd )b)74
Phone ,2.0.,b,.]2.01 FdX )20.,b,O'42.
8T. JOSEPH BUSINESS DISTRICT
FACADE ARCHITECTURAL DESIGN GRANT PROGRAM
PURPOSE
The St. Joseph Business District Facade Architectural Design Grant Program provides incentives
to stimulate visible reinvestment in St. Joseph businesses. Property owners are encouraged to
consider improvements that incorporate the surrounding community including but not limited to
aesthetics, environment, cultural & historic elements and architecture. These improvements
should create a cohesive, inviting environment. The program provides a matching grant for actual
design costs, up to $1,000 per prop~rty. address, to commercial property owners and/or
merchants for exterior building and~ite.irnpr())vfJmfants. Approved projects will be funded on a
first-come/first-served basis until all funds are expended. In addition, the opportunity exists that
the St. Joseph Economic Development Authority's revolving loan program could be available to .
assist with construction costs associated with the implementation of fayade designs.
ELIGIBILITY
1. All work must be done on the exterior of the building/property and result in a publicly visible
improvement.
2. All work done must be in accordance with the City of St. Joseph Code of Ordinances, the
Downtown Revitalization Plan and subsequent design guidelines, and the building code. All
required permits must be obtained. Work shall include the correction of any known exterior
building code violations.
3. Work in progress or performed prior to project approval will not be eligible for funding.
4. Funds may be used for the design of exterior building improvements, awnings, windows &
doors. Other uses may also be eligible if prior approval is granted by the ,City of St. Joseph &
its Economic Development Authority.
5. Signs are eligible for this program but must be in connection with a fayade improvement
project.
6. The following types of property are not eligible:
. Tax delinquent
. Special Assessment delinquent
. Property in litigation
. Property in condemnation or receivership
· Tax exempt properties
. Exclusively residential buildings
. Properties zoned industrial
. New construction projects
· Property considered non-conforrning to the City's Code of Ordinances, unless the
proposed improvements are intended to correct all the non-conforming issues.
PROJECT APPROVAL GUIDELINES
Program oversight and authority for grant approval is delegated to the City of St. Joseph
Economic Development Authority. The Economic Development Authority will review and approve
all grants based on the following guidelines: .
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1. A project for which an application has been received will only be reviewed if it is filled out
completely and accompanied by photographs illustrating subject building(s) and property.
2. Multiple property owners must submit separate applications for each property/project.
3. Any business owner under a lease who submits and application must obtain and provide
written consent of the property owner.
4. Preference will be given to projects which:
. Will positively contribute to the City revitalization/renewal efforts
. Will eliminate a blighting influence
. Will result in a visible improvement that would not be made otherwise
. Demonstrate a ratio of private investment to public investment greater than 2: 1
5. Project is consistent with the Comprehensive Plan, transportation plans and other applicable
plans.
6. Projects must be completed within a timely manner from date of official project approval (I.e.
one year with a maximum extension of an additional six months). As indicated, dollars are
limited and reimbursement will be made after project improvements are completed, and
reimbursement requested.
PROPERTY OWNER REQUIREMENTS
Upon the application submittal for your project, you will play an important role in a partnership that
includes the City of St. Joseph and the Economic Development Authority. The following may be
required to review plans depending on the scope of the project: City staff, the Planning
Commission, the EDA and the City Council. Those required to review the plans and/or grant
application will review design drawings, proposed work specifications, and the architectural
materials. Below are items that will be required of as part of completing your project.
1. Attendance at an informational meeting which will outline the entire project procedure.
2. Property owners' attendance at various meetings, reviews etc. with representatives of either
the City or EDA to expedite various stages of the project.
3. The property owner must sign an architect/owner agreement prior to commencing
construction to ensure their improvements are in accordance with the design approved by the
City/EDA.
4. All work to be done on the project shall be the sole responsibility of the property owner. The
City of St. Joseph/EDA administers the grant program herein and the City is not responsible
for any work undertaken as a result of the design grant. The owner hereby holds the City
harmless for any and all liability commencing out of any work constructed and paid for the
design grant herein.
II
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APPLICATION FOR
ST. JOSEPH BUSINESS DISTRICT
FACADE ARCHITECTURAL DESIGN GRANT PROGRAM
** Please read attached program.criteriacarefully before completing the application **
** Please remember to Include photos of your buildlng(s) andlorpropertyas they relate
to the types of improvements indicated on this application.-
Business Name:
Property Address:
Business Owner(s):
Property Owner($):
Mailing Address:
Phone Number:
Fax Number:
E-Mail Address:
1. On the attached page, please identify the specific improvements you are proposing for the
building(s) and/or property.
2. Based on the proposed improvements identified, please provide your best estimate of the
entire project cost: $
3. If the project cost comes in at, or exceeds your estimate, do you have private funds readily
available to complete the proposed the project? Yes No
If No, by what means will you secure funding and still complete the project within a timely manner
4. If your project is approved, does completing the project timely pose any concerns for you?
Yes
No
If yes, Please list those concerns:
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PROJECT DESCRIPTION
Please provide an accurate and thorough summary of your project. The photographs
taken of your building(s) and property will assist in a visual manner to further support
your written project description.
Based on the description of your project and your motivation for wanting to make these
improvements, please place a check mark next to those project preference item you feel your
project meets.
Will positively contribute to the City's revitalization/renewal efforts.
Will eliminate a blighting influence.
Will result in a visible improvement that would not be made otherwise.
Result in a ratio of private investment to public investment greater than 2: 1.
The information on this application is accurate. I have read, understand, and agree to comply with
the program criteria for the St. Joseph Business Fa98de Architectural Design Grant Program.
Authorized Agent:
Date:
Title:
Mail or Deliver to:
St. Joseph Fa~ade Architectural Design Grant Program,
City of St. Joseph Economic Development Authority
25 College Avenue North, P.O. Box 668 St. Joseph MN 56374
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ST. JOSEPH ECONOMIC . DEVELOPMENT AUTHORITY
REVOLVING LOAN PROGRAM
PURPOSE
The overall goal for the St. Joseph Economic Development Authority's (EDA's) Revolving Loan
Program is to stimulate St. Joseph's economy by providing low interest loans to small and
medium sized businesses.
ADMINISTRATION
The St. Joseph EDA and City Council are the policymaking and loan approval bodies for the
Revolving Loan Program. The EDA is responsible for revising guidelines and recommending
loan approval to the City Council. The City Council is responsible for authorizing loan. EDA staff
and their assigns will be responsible for day to day administration, working with applicants on
proposed projects, COllecting data, performing pre.loan analysis, overseeing loan processing,
preparing agreements and monitoring projects progress.
ELIGIBLE LOAN ACTIVITIES
1. Loan funds may be used for acquisition of land and/or buildings(s), rehabilitation of
building(s), new construction, working capital and purchase of industrial equipment in
connection with starting a new business or expanding an. existing business.
2. Land and building must be privately owned, taxable property and proposed for
commercial and/or industrial activities.
3. If building(s) are being purchased or rehabilitated with funds from the Revolving Loan
Fund any/all building code violations must be remedied. The project must comply with the
St. Joseph City Code including standards relating to land use.
SECONDARY LOAN ACTIVITIES
Loans may not be used for refinancing existing indebtedness or projects begun prior to loan
application.
LOAN TERMS/CONDITIONS
Financial assistance from the Revolving Loan Program is designed to make projects
economically feasible. Loan terms and conditions are detE!rmined by the information submitted in
the loan application. The following are the loan conditions:
1. Interest Rate - The interest rate shall be set at the time of issuance and dependent upon
qualifications.
2. Term - Fixed assets may be financed up to 5 - 10 years. Terms for other purposes will
be flexible.
3. ~ - Each applicant must supply a minimum of 5% of the total project cost as cash
and/or fixed assets.
5. Security - The business owner will be required to provide personal guarantees for the
loan amount. .
6. Proiect Initiation - All loan funds must be expended within six (6) months from the date of
the loan approval. An applicant may request a six (6) month extension.
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7. Loan Fees - No loan fees are charged in connection with loan application or processing.
Loans may be prepaid without penalty or additional charge. A processing fee of 1 % of
the total loan amount is payable at closing.
The Revolving Loan Program is intended to be flexible and assistance is customized to meet the
particular needs of individual projects.
APPLICATION PROCESS
The City of St. Joseph shall process and administer each loan in a manner which is usual and
customary with regard to other loans under similar circumstances. The basic steps for securing a
loan are as follows:
1 . Applicant meets with St. Joseph EDA staff to discuss proposed project and loan program
guidelines. If project meets program objectives and other eligibility items, then applicant
completes the attached application which includes:
A. Statement describing nature of business and proposed plans;
B. Project description - purpose of loan and expected benefits. Itemize and provide cost
estimate for building improvements and/or equipment;
C. Sources/Uses proforma for the project;
D. Complied profit and loss statement for the past two (2) years (if applicable);
E. Personal financial statement(s) (for use in connection with applicant's equity
requirement);
F. Any other pertinent data
2. The St. Joseph EDA will review the application and make a recommendation to the City
Council. Upon approval, a Development Agreement and all other necessary documents
in connection with the loan will be prepared by the St. Joseph EDA staff and shall be
executed by the Director of the EDA. The EDA may work with conventional lender to
review the creditworthiness of the applicant.
TIMETABLE
Applications may be submitted at any time.
2
APPLICATION FOR REVOLVING LOAN FUND
CITY OF ST. JOSEPH, MINNESOTA
Applicant:
Address:
City:
State:
Zip Code:
Contact Person(s):
Business Phone:
Home:
Cell:
Name of Business:
Princlpal(s) of Business:
State ID #:
Fed ID # or S.S. #:
Business is a:
Proprietorship
Partnership
Corporation
Date of Incorporation
Type of Business:
Present location:
Owned
Rented
Sq. ft. of present building:
Proposed Location (if different from above):
Owned
Rented
Sq. ft. of present building:
Previous three (3) years' of saies, prof'1ts or losses:
Type of project:
Construction/New Business
Equipment/Machinery/Fixture
Other:
_ Expanding/Existing Business
RemodeIlCommercial/Retailllnd.
Describe Project:
Estimated Proiect Costs:
Land: $
Site Improvement: $
Construction/Rehab: .$
Machinery/Equip.: $
Bldg.: $
Other (Specify): $
TOTAL: $
Proposed Financina:
Source Terms/Interest
Bank
Equity
Other-describe
City
Amount
TOTAL: $
Describe of collateral available to secure loan, including market value and prior liens:
,........, .''-'.'
Purpose of loan:
Amount requested: $
Terms requested: $
Present number of full-time employees:
Anticipated jobs created or retained within twelve (12) months of project completion:
Position Name
Total # of
Jobs
Annual
Hrs.1Job
Anticipated Hiring
Date
(Use additional sheets if necessary)
If redevelopment: estimate market value of the subject parcel(s) prior to project and
estimated market value following project completion.
EMV Present:
EMV Post Project Completion:
Attach and. include the following if requested:
A Written Business Plan
. Description of Business
. Ownership
. Date established
. Products/Services
. Management
. Future plans
B. Financial statements for the past two (2) years
C. Financial projects for three (3) years
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D. Resume of all principals
E. Personal financial statements of proprietor, partners, guarantors
F. Letter of commitment for applicant pledging to complete during the proposed project
duration
G. Letter of commitment from other sources of financing, stating terms and conditions of
their participation in project
H. Written quotes from contractors and vendors for all cost estimates listed above
I. Site plan for new construction
J. Authorization for release of information
K. Other:
L. Other:
_ M. Fee: (1 % of amount of loan request)
Attach an explanation if any answer to the following is yes:
1. Have you or any officer or owner of your company ever been involved in bankruptcy or
insolvency proceedings?
Yes
No
2. Are you or any officer or owner of your business involved in any pending lawsuits or
judgments?
Yes
No
3. Does your business have any subsidiaries or affiliates? (INCLUDE: financial statements with
explanations as requested)
Yes
N
4. Do you buy from, sell to, or use the services of any concern in which someone in your
company itself has a significant financial interest?
Yes
No
r,.i l
To the best of my knowledge, the information provided in this application is true and
correct.
Date:
Date:
Date:
Date:
Date:
NOTE: If this application is for leasehold improvement, the owners(s) of the building must also
sign this application.
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Administrdtor
Judy Weyrens
MdYor
Richdrd Cdrlborn
Councilors
Steve Frdnk
AI Rdssier
Renee Symdnietz
Ddle Wick
CITY Of ST. JOSEPH
www.cityofstjoseph.com
DATE:
February 14,2007
MEMO TO:
Economic Development Authority
FROM:
Cynthia Smith-Strack Municipal Development Group
RE:
Industrial Lot Development Update
Background:
As the EDA may be aware, the City of St. Joseph has a shortage of 'shovel ready' industrial
lots with full urban services. As you may also be aware, the City/EDAlMDG have been
working with the trustees of the "Feld Farm" to encourage the development of additional
shovel ready industrial lots in the southernmost portion of the 320-acre farm.
Redwood Real Estate a land acquisition and development firm from Maple Grove has closed
on a portion of the 320 acres and has control of the remaining acreage. The approximately 32
acres that has sold abuts the S1. Joseph Industrial Park and is proposed for future industrial
use.
Redwood Real Estate has completed a draft Environmental Assessment Worksheet (EAW) for
the potential industrial park. The EAW includes a conceptual map of the potential business
park. A copy of the concept plan is attached for Board Member information. The concept plan
has been disclosed to the City Council and the Planning Commission.
Request:
The City Administrator has requested the EDA review and comment on the concept plan for
the industrial park. One item to consider is a potential for mixed-use commerciallindustrial (Le.
business park) at the subject location. A second item to consider is level of involvement by the
EDA in the development of industrial lots within the proposed park.
Action:
Comment on the attached concept plan is in order.
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2.. )" College Avenue North . P 05 0 x 6 6 8 S din t. I 0 s e ph, M inn e sot d )" 6 5 7 4
Phone 52..0 .,,61.72..0: Fe] X 12.016.".0142.
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CITY OF ST. JOSEPH
www.cityofstjoseph.com
DATE:
February 14, 2007
MEMO TO:
Economic Development Authority
Administrdtor
Judy Weyrens
FROM:
Cynthia Smith-Strack Municipal Development Group
RE:
CSAH 75 Renewal Project
MdYor
R. h d C 16 Background:
IC dr dr om A h' . f k f rty .
t t e January meetmg, EDA Board Members discussed eedbac. rom prope owners IS a
selected area relating to a CSAH 75 Renewal Project.
Councilors
Steve Frdnk Following discussion, the EDA directed MDG to contact the owners of rental property in the
i\1 Rdssier renewal corridor regarding their thoughts on redevelopment potential. In addition, plans were
R S . made to request input from residents/property owners regarding potential interest in joining a
enee ymdnJetz renewal effort in the Hwy. 75 corridor.
Ddle Wick
Comments received noted some owners of homesteaded property are operating home
occupations in the potential project area, some owners. of homesteaded property in the area
have been opposed to sale of property for a long time and that new commercial
development/redevelopment proposed may saturate the market in the short time.
Action:
This item is for EDA information only.
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2.')' College Avenue North, PO Box bb8 . Sdint. Joseph, Minnesotd ')'bn4
Phone ,2.0.,b,]2.01 FdX )2.0,b,.0)42
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ST. CLOUD STi\. TE
U N
V E R 5
1 Y
CeNTER FOR ECONOlvllC EDUCATION
720 Fourth Avenue South
St. Cloud, MN 56301-4498
Phone (320) 308-2157
Fax (320) 308-5198
A tradition of excellence and opportunity
January 22, 2007
Dear Prospective Attendee:
It is my pleasure to invite you to the 45th Annual SCSU Economic Education Winter 'Institute. Enclosed
you will find a registration form, as well as information for this year's program. As always, all public
events ofthe Winter Institute are free and open to all who wish to attend.
We kick off on February 22, 2007 with the 13th Annual Economic Outlook. This year's Economic
Outlook runs fromS - 6:30 pm' in the Grand Ballroom at the Kelly Inn in Downtown St. Cloud.
Featured presenters include:
>> Dan Laufenberg, Chief Economist, Ameriprise Financial
>> Arthur Rolnick, Senior Vice President and Director of Research, Federal Reserve Bank of
Minneapolis
>> Tom Stinson, Minnesota State Economist
>> King Banaian, Chair, SCSU Department of Economics
This panel will take a closer look at the global, national, state, and local economic outlook for 2007 and
beyond, so lam. sure you will not want to miss this event. You can park for free at the Kelly Inn.
The Economic Outlook will be followed by the Winter Institute Food and Cocktail Reception from 6:30
_ 9 pm at the Kelly Inn's Pool side. Should you wish to join us, for this reception, please return the
enclosed registration form at your earliest convenience. There is a$20 fee for this cash-bar reception.
The acclaimed speakers' program will be held the next morning (February 23) from 8:45 -11:15 at the
Ritsche Auditorium in Stewart Hall on the SCSU campus. The theme of this year's program is
Immigration and Globalization and features two internationally recognized authorities on the economics
of immigration. This year's speakers are:
>> Barry R. Chiswick, mc Distinguished Professor and Head of the Department of Economics at
University of Illinois, Chicago. Dr. Chiswick will speak on immigrant skills and his talk is
scheduled for 9-10 am
>> Richard B. F-reeman, Professor of Economics at Harvard University and Director of Labor Studies
atthe National Bureau of Economic Research. Dr. Freeman will speak on immigration's effects
on the receiving economy. His talk is scheduled for 10:15 -11:15 am.
Foiiowing the speakers program, the traditional Winter Institute luncheon will be held in the Cascade
Room in SCSlJ's Atwood Center from 11 :30 to 12:30. Should you wish to join us for the luncheon,
please indicate so on your registration form and note there is a $10 fee.
More information about the two speakers on immigration, as well as SCSU parking information and a
campus map can be obtained by going to htto://www.stcloudstate.edu/EconomicEducationl. If you have
any questions or need any assistance, please do not hesitate to call the SCSU Center for Economic
Education at 320-308-2157, or e-mail me directly at obbodvarsson@stcloudstate.edu.
I look forward to seeing you at this year's Winter Institute!
.Best Wish;; //
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Om B. Bodvarsson
Interim Director
RECEIVED
A college sponsor of the National Merit Scholarship Program. .
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CITY OF ST. JOSEPH
Memhn- of Mmnf'sOf.n SW!,' Collere.,> c-' Un1'.'cr;.;uu".
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Winter Institut~Registration
No program registration fee. Please complete this form and return to:
Center for Economic Education
Stewart Hall 329
St. Cloud State University
720 4th Ave. S
St. Cloud, MN 56301-4498
Make checks payable to SCSU Center for Economic Education
Registration forms may also be faxed to: 320-308-5198
Name(s)/Affiliation(s)
Address
City
State
Zip
E-mail
Please check all that apply and include the number of people planning
. to attend:
_ I (we) will be attending the Economic Outlook in the Grand Ballroom at the Kelly
Inn from 5 -6:30 pm on February 22, 2007
Please reserve tickets for the Winter Institute Food and Cocktail Reception at
the Kelly Inn's Pool Side from 6:30 -9 pm on February 22,2007, at $20 per ticket
_ I (we) will be attending the Winter Institute Speakers Program in Ritsche
Auditorium at SCSU Stewart Hall from 8:45 - 11: 15 am on February 23, 2007
Please reserve tickets for the Winter Institute Luncheon in the Cascade Room
at SCSU Atwood Center from 11 :30 - 12:30 on February 23, 2007 at $10 per ticket
For SCSUparking information and a campus map, please go to
http://www.stcloudstate.edu/EconomicEducation/. Please do not hesitate
to call the SCSU Center for Economic Education, 320-308-2157, .
or e-mail Orn Bodvarsson, Interim Director, SCSU Center for
Economic Education, at obbodvarsson@stcloudstate.edu, if you have
any questions.
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