HomeMy WebLinkAbout[05a] Millstream TIF Grant Use AdjustmentCITY OF ST. JOSEPH
www.cityofstjoseph.com
DATE: August 17, 2011
MEMO TO: Economic Development Authority
Administrator
Judy Weyrens FROM: Cynthia Smith - Strack Municipal Development Group
Mayor RE: Request for Assistance: Millstream Shops /Lofts Restaurant Equipment
Rick Schultz
Background:
Councilors Following is a brief history of the approved use of excess TIF revenue to assist in the readying
Steve Frank of end -cap space at Millstream Shops /Lofts for lease by a restaurant.
Bob Loso
Renee Symanietz • At the August 25, 2010 Regular EDA meeting the Board discussed temporary
Dale Wick incentives available locally through the Minnesota Jobs Bill approved in April. One such
incentive is temporary authority to use excess revenue for economic development
EDA purposes external to the district. The Board discussed several potential projects /uses
Carolyn Yaggie- for excess TIF revenue. The EDA directed Strack to follow up with Concrete Plus and
Heinen Millstream Shops /Lofts regarding potentially taking advantage of available incentives.
Chad Davey
Al Rassier Jon and Colleen Petters, owners of Millstream Shops /Lofts expressed an interest in
Tom Skahen using excess TIF revenue as a means of helping attract a suitable restaurateur to the
Dale Wick building end -cap. Petters attended the October 27th EDA meeting and discussed
equipment needs including permanent flooring, a hood, grill, food prep area(s), a
freezer /cooler, and a refrigerator.
At the November 24, 2010 EDA Board Members and Jon and Colleen Petters again
discussed potential enhancements to the restaurant end -cap space which could assist
in attracting a food service tenant. Pursuant to EDA direction at the October meeting,
the property owners obtained price quotes for the installation of an exhaust hood at the
premises. At the meeting, EDA Board Members noted a great deal of support for a
unique dining opportunity being added to the end -cap and the desire to promote activity
within the downtown 24 -hours a day as opposed to just during typical work hours. In
addition, the EDA Board noted a restaurant occupant presented an opportunity to
further capitalize on the volume of special event traffic at the College and that the
addition of a unique restaurant could assist in promoting 'lingering' within the downtown.
• February 23, 2011 the Petters indicated that equipment purchase was imminent at this
point. They are requested assistance in purchasing /installing equipment in the amount
of $20,000.
• On April 21, 2011 during a special joint meeting the EDA and City Council approved the
requested assistance in the amount of $20,000.
The proposed uses of the excess TIF forgivable loan (grant) are requested to alternate
equipment. The equipment could also be used for security for the TIF loan. A list of proposed
reimbursable is being compiled by Jon Petters and will be forwarded when available. Either Jon
or Colleen Petters will attend the EDA meeting.
Action:
Discussion of the request at the meeting is requested.
604 Lincoln Ave. NE
St, Cloud, MN 56304
Attention:
Jon Petters
tuft free 60(1-827-1642
Regarding:
Budgetary quotation on installing a class I exhaust
office 370..2.51-6861
hood.
fax 320-251-9390
PRICE INCLUDES:
NORTHERN DIVISION
I
One 12' class I exhaust hood with front supply make up air
7674 College Road, Ste 115
plenum,
Baxter, MN 56425
2.
One Greenheck roof mounted grease exhaust fan with roof
othce 218-828-4337
curb.
fax 218-825 4966
3.
16 ga. welded black iron grease duct with 3M Firemaster
grease duct wrap to connect the hood and fans.
4.
One 4,800 CFM CaptiveAire direct fired make up air unit
SOUTHERN DIVISION
with variable frequency drive, static pressure controller and
2625 Highway 14 West
roof curb.
Rochester, MN 55901
5.
Insulated make up air ductwork.
office 507-535-7954
6.
Stainless steel backsplash from the bottom of the hood to
lla'x 507-424-1825
the floor.
7.
Gas piping of the make up air unit.
153 Chestnut St., Ste 300
8.
Crane costs.
Mankato, MN 56001
9.
Roofing allowance of $2,000.00.
ufhs e 507-3145-8425
10.
Certified engineered mechanical plans.
tax 507-387-3208
11.
City mechanical permit.
12.
Labor.
13.
Freight.
scr-mn.com
14.
Tax...
Services I TOTAL BUDGETARY PRICE IS: $29,740.00
Price does not include electrical/control wiring, structural engineering
REFRIGERATION or ansul system.
HVAC
SERVICE Option 1: To use a 16' hood. in lieu of the 12' hood quoted above
BUILDING AUTOMATION ADD: $2,500.00
FOOD SERVICE
Option 2: If an indirect fired make up air unit is required by the city
inspector due to people sleeping within the building ADD: $7,800.00
Thank you for the opportunity to quote you on this project. If you
Dave any questions, please feel free to contact me.
Sincerely,
SCR
RicMoba « _.�