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Home My WebLink About2003 [03] Mar 19 . . www.cityofstjoseph.com ityofSt. Joseph 25 College Avenue North PO Box 668 St. Joseph Economic Development Authority Sf. Joseph. MN 56374 (320) 363-720 I Meeting Notice Fax: (320) 363-0342 VVednesday, March 19, 2003 4:00 p.m. City Hall ADMINISTRATOR Judy Weyrens MAYOR Y Call to Order. Larry J. Hosch ,/ Approval of Agenda. COUNCILORS Alan Rassier ~. Approval of Minutes. Ross Rieke Gary Utsch a. February 19, 2003. Dale Wick ~ Financial Report. a. Approval of Accounts Payable. b. Financial Report . 5. B7s. ,,'-\.~ . Lease Purchase Agreement: City of St. Joseph and SJEDA - - EDA Resolution 03-01 and EDA Resolution 03-02 y Approval of Building and Site Plan,-700 Fifteenth Avenue North /' Business Questionnaire y Commercial/Industrial Property Site Inventory 6. Di~eport. . High Speed Data Line to Industrial Areas. b. Prospect List!Activity Report. 7. Board Member Announcements. 8. Adjournment. - - , . CITY OF ST. JOSEPH ECONOMIC DEVELOPMENT AUTHORITY Meeting Minutes - VVednesday, February 19, 2003 Present: EDA Board Members Mike Deutz, Larry Hosch, Ross Rieke and Tom Skahen. Absent: Bruce Gohman. Also present: Cynthia Smith-Strack of Municipal Development Group. Chair Deutz called the meeting of the St. Joseph EDA to order at 4:42 p.m. Agenda. Moved by Hosch, seconded by Rieke. The agenda was approved 3-0. Oath of Office. Chairperson Deutz introduced the newest appointment to the EDA Board, Mr. Tom Skahen. Strack administered the oath of office to Boardmember Skahen. Minutes. Moved by Hosch seconded by Rieke to approve the minutes of the January 22, 2003 EDA meeting as presented. Minutes were approved 4-0 as presented. Accounts Payable. . The EDA discussed accounts payable for the month of January, 2003 in the amount of $1991.89 and year to date expenditures as they related to the annual budget. Moved by Rieke, seconded by Skahen to approve January Accounts Payable and accept financial report as presented. Accounts payable and the financial reporl were approved 4-0. Business Lead Questionnaire. Stack provided background information on the EDA's interest in developing a survey to distribute to business prospects to obtain input on current and future EDA and City services. The EDA reviewed the proposed survey instrument and discussed formal approval and survey distribution options. Board Member Hosch indicated that he would request the Planning Commission Chair review the survey instrument with the Planning Commission and that he would review the instrument with the City Council. The EDA will review the survey concept again at their March 19th meeting. High Speed Data Line - Industrial Areas. Strack gave a brief update on EDA staff's discussions with Astound Broadband regarding the installation of a high-speed data line to service the industrial areas of the City. The technology upgrade is on the EDA's work plan for the year. Strack reviewed information from a telephone survey with industrial property owners regarding interest in high speed data lines and her subsequent meetings with Tony Fernkes of Astound. The EDA recommended MDG consult with U.S. Cable regarding càble utility placement within industrial areas as well. Commercialllndustrial Site Inventory. Strack provided an update on the assembly of a site inventory for available commercial and industrial properties for sale or lease within the community. The site inventory will be for office use and posting on the City web site. Letters have been sent to several property owners requesting information on available - sites and approval of the web site posting. Follow-up calls will now be made. - 1 CD Prospect List! Activity Report. . A report outlining communication with various contacts was included in the EDA's packet. A brief overview of several projects was provided. Buettner Business Park Speed Limit - Elm Street and 15th Avenue Strack indicated the City Administrator had noted the speed limit within Buettner Business Park is not currently posted and, therefore, defaulting to 55 miles per hour. The City Administrator had noted public officials concern about speeds within the park. The EDA discussed the right-of-way width and speeds and indicated a reduced speed should be considered. Motion Hosch, Second Skahen to recommend the City Council request a speed study be prepared for Elm Street and 15th Avenue within Buettner Business Park, the purpose being to establish a more suitable speed limit such as 40 to 45 m.p.h. The motion was approved 4-0. Board member Hosch exited the meeting at 5:42 p.m. Board Member Announcements: None. Next Meeting The next official meeting of the EDA is scheduled for March 19, 2003. Adjournment Moved by Skahen, seconded by Rieke to adjourn. AI/ present voted in favor of adjournment, the EDA meeting adjourned at 5:45 p.m. . - - 2 (j) . . www.cityofstjoseph.com ity of St. Joseph DATE: March 12,2003 25 College Avenue North PO Box 668 MEMO TO: St. Joseph Economic Devel0'Ct1t Authority . St. Joseph. MN 56374 (320) 363-7201 FROM: JO~ust & Cynthia Smith-Strack, Municipal Development Group Fax: (320) 363-0342 RE: Accounts Payable- February, 2003 and Financial Report ADMINISTRATOR Judy Weyrens Accounts Payable: MAYOR Attached are copies of an invoice for the EDA's consideration of approval for February Larry J. Hosch expenses in the amountof $1 ,782.48. ::;OUNCILORS Action: Alan Rassier A MOTION is in order to approve the Accounts Payable Ross Rieke Gary Utsch Financial Report: Dale Wick Attached is the financial report for the EDA. Action: . A MOTION to approve the financial report is in order. - - CD ~. INVOICE MUNICIPAL DEVELOPMENT GROUP, INC. . 25562 WILLOW LANE NEW PRAGUE, MN 56071 952-758-7399 FAX: 952-758-3711 mdg@bevcomm.net City of St. Joseph Attn: Judy Weyrens City Administrator PO 668 St. Joseph, MN 56374 Invoice Date 3-3-03 I Payment Terms: 30 days I Customer ID #: ST J03ED Project February Economic Development Services See attached detail Amount: $1,500.00 Monthly contract fee-35 hrs $ 7.80 phone $ 274.68 Mileage: 763 miles x .36 $1,782.48 Total Remit To: Municipal Development Group, Inc. 25562 Willow Lane . New Prague, MN 56071 - Dates-EDA February 05, 2003 EDA minutes, questionnaire, etc. 2.00 hrs. J. Foust February 06, 2003 Office Hours & annual report to 8.50 hours C. Strack City Council at meeting February 12, 2003 Office Hours 7.00 hours C. Strack February 19, 2003 Office Hours 7.00 hours C. Strack February 25, 2003 Office Hours 7.00 hrs. J. Foust February 26, 2003 Mtg to review site plan & follow-u calls 1.00 hrs. C. Strack February 27,2003 Follow-up with leads & land owner 1.00 hrs C. Strack Total February, 2003 33.50 hrs - Invoice for 35 hours Banked Hours: 10.00- 1.50 = 8.50 hours carried over in banked hours. Thank you! We appreciated the opportunity to work with you! , '--1., : C /¡"Ìlx'-'..--i( 1,j ¡ .t- . Principal - I Check No. I - Date: ® . CITY OF ST. JOSEPH 03/12/03 9:01 AM Page 1 EDA Revenues . Current Period: March 2003 YTD % SOURCE S'OURCE Descr Budget Rev Revenue Balance of Budget =UND 150 Economic Development 31010 Current Ad Valorem Taxes $29,280.00 $0.00 $29,280.00 0.00% 31050 Tax Increment $0.00 $0.00 $0.00 0.00% 34150 TIF/MIF DEPOSIT $0.00 $0.00 $0.00 0.00% 34151 IDB DEPOSIT $0.00 $0.00 $0.00 0.00% 36210 Interest Earnings $0.00 $105.95 -$105.95 0.00% 39201 Transfers from Other Fund $0.00 $0.00 $0.00 0.00% =UND 150 Economic Development $29,280.00 $105.95 $29,174.05 0.36% =UND 155 TIF 1-3 Borgert (SKN) 31050 Tax Increment $0.00 $0.00 $0.00 0.00% 39201 Transfers from Other Fund $0.00 $0.00 $0.00 0.00% =UND 155 TIF 1-3 Borgert (SKN)' $0.00 $0.00 $0.00 0.00% =UND 156 TIF 1-4 St. Joe Development 31050 Tax Increment $0.00 $0.00 $0.00 0.00% 34150 TIF/MIF DEPOSIT $0.00 $0.00 $0.00 0.00% 34151 IDB DEPOSIT $0.00 $0.00 $0.00 0.00% =UND 156 TIF 1-4 St. Joe Development $0.00 $0.00 $0,00 0.00% $29,280.00 $105.95 $29,174.05 0.36% . - - ® CITY OF ST. JOSEPH 03/12/03 9:01 A~. Page EDA Expenditures Current Period: March 2003 . YTD % OBJ OBJ Oeser BudgetExp Expense Balance of Budget FUND 150 Economic Development DEPART 46500 Economic Development Authority 103 Legislative Bodies $700.00 $0.00 $700.00 0.00% 151 Worker's Camp. Insur. Prem $100.00 $0.00 $100.00 0.00% 200 Office Supplies $500.00 $0.00 $500.00 0.00% 300 Professional Services $21,600.00 $3,774.37 $17,825.63 17.47% 303 Engineering Fee $2,000.00 $0.00 $2,000.00 0.00% 304 Legal Fees $1,000.00 $0.00 $1,000.00 0.00% 321 Telephone $1,200.00 $70.27 $1,129.73 5.86% 322 Postage $200.00 $0.00 $200.00 0.00% 327 Tax Increment Certification $0.00 $0.00 $0.00 0.00% 331 Travel & Conference Expense $500.00 $0.00 $500.00 0.00% 340 Advertising $500.00 $0.00 $500.00 0.00% 433 Dues & Subscriptions $8,500.00 $0.00 $8,500.00 0.00% 582 Computer Software $1,200.00 $0.00 $1,200.00 0.00% 587 Special Projects $0.00 $0.00 $0.00 0.00% DEPART 46500 Economic Development Autho $38,000.00 $3,844.64 $34,155.36 10.12% FUND 150 Economic Development $38,000.00 $3,844.64 $34,155.36 10.12% FUND 155 TIF 1-3 Borgert (SKN) DEPART 46500 Economic Development Authority 327 Tax Increment Certification $0.00 $0.00 $0.00 0.00% 600 Debt Service - Principal $0.00 $0.00 $0.00 0.00% 611 Bond Interest $0.00 $0.00 $0.00 0.00% . 620 Agent Fees $0.00 $0.00 $0.00 0.00% DEPART 46500 Economic Development Autho $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 SI. Joe Development DEPART 49500 Economic Development Authority 300 Professional Services $0.00 $0.00 $0.00 0.00% 304 Legal Fees $0.00 $0.00 $0.00 0.00% 327 Tax Increment Certification $0.00 $0.00 $0.00 0.00% 340 Advertising $0.00 $0.00 $0.00 0.00% 600 Debt Service - Principal $0.00 $0.00 $0.00 0.00% 611 Bond Interest $0.00 $0.00 $0.00 0.00% 620 Agent Fees $0.00 $0.00 $0.00 0.00% DEPART 46500 Economic Development Autho $0.00 $0.00 $0.00 0.00% FUND 156 TIF 1-4 SI. Joe Development $0.00 $0.00 $0.00 0.00% $38,000.00 $3,844.64 $34,155.36 10.12% - - ® www.cityofstjoseph.com ity of St. Joseph . March 12, 2003 25 College Avenue North PO Box 668 ~ue Borgert St. Joseph. MN 56374 Borgert Products/SKN Properties (320) 363-7201 Box 39 Fax: (320) 363-0342 St. Joseph, MN 56374 ADMINISTRATOR Dear Sue: Judy Weyrens In accordance with theTax Increment Finance Agreement with the City of St. Joseph, enclosed is MAYOR a payment of $7,606.18 for the second % tax settlement for 2002. This includes $6,066 in Larry J. Hosch interest and $1540.18 in principal. COUNCILORS If you have any questions please feel free to contact the city offices at 320-363-7201 or we can also be reached at our office at 952-758-7399 or mdg@bevcomm.net. Alan Rassier Ross Rieke On behalf of the City of St. Joseph, Gary Utsch ~~ Dale Wick Jo nne Fo:~st, Principal Municipal Development Group, Inc. . Enc: ck # 0032515 - - \ . www.cityofstjoseph.com if!} of St. Joseph 25 College Avenue North PO Box 668 St. Joseph. MI'öA1fE: March 12,2003 (320) 363-7201 Fax: (320) 363MBMO TO: St. Joseph Economic Development Authority ADMINISTRATdRROM: JO~ust & Cynthi~ith-Strack, MDG, Inc. Judy Weyrens RE: Maintenance Facility Lease-Revenue Bond MAYOR Larry J. Hosch COUNCILORS Background: Alan Rassier As discussed at the special March 14, 2003 Joint EDA and Council meeting, the City of St. Joseph Ross Rieke currently owns a public works maintenance facility located at 500 2nd Avenue NW. The current structure is Gary Utsch in fair condition and the City is in need of additional space for the storage of equipment and public works Dale Wick offices. As noted in the Comprehensive Plan, the City Council and Public Works Staff identified a need to expand the facility. As a part of the 2002 planning process, the current structure was proposed to be demolished with a new 12,000 square foot (60' wide by 200'long) building constructed in 2003. In 2002, the City Council advertised for bids and awarded the project, which is proposed to commence this spring. . The City had intended to finance the maintenance facility through a lease back arrangement with the bank. Since that time however the state legislature has been discussing possible local government aid (LGA) reducti9ns (estimated to be $120,000 for the City in 2003 and $220,000 in 2004) as well as the imposition of levy limits. In order to reserve cash and levy abilities for other projects and operations, the City Council has discussed alternative financing options. The City Council at their March 6, 2003 meeting discussed the use of Lease-Revenue Bonds, which would be issued by the EDA. The Council is requesting EDA review and approval of this financing mechanism. If approved, the EDA would issue bonds for and own the maintenance facility. The City would make lease payments to the EDA to make the bond payments. The construction contract would remain between the contractor and the City of St. Joseph. Enclosed is a proposed Bond Schedule forthe project and the Lease-Revenue Bond Payment Schedule. Action: In order to proceed with the Lease Revenue Bond schedule the EDA is asked to take formal action on the following at the March 19, 2003 EDA meeting: 1. Adoption of Resolution 03-01 "A Resolution requesting the Council conduct a public hearing for a public development district; and 2. Adoption of Resolution 03-02, "A Reimbursement Resolution Authorizing the City to be reimbursed expenses paid until the bond proceeds are received. Attached are the two resolutions, prepared by Briggs and Morgan, the City's bond counsel. A MOTION is in order for each. - - (j) Public Project Revenue Bond Schedule . March 19,2003 St. Joseph EDA meets and adopts the following resolutions 1. Adopt resolution requesting the Council conduct a public hearing for a public development district. 2. Adopt a reimbursement resolution authorizing the City to be reimbursed eÀ']Jenses paid until the bond proceeds are received. March 20, 2003 St. Joseph City Councils calls for a public hearing to establish a public development district. March 28, 2003 City publishes public hearing notice April 7, 2003 St. Joseph Planning Commission must review the public development district and made a recommendation to the City Council. April 17, 2003 St. Joseph City Council conducts public hearing and adopts a resolution . - - ® 545-15 . ECONOMIC DEVELOPMENT AUTHORITY OFTHE CITY OF ST. JOSEPH, MINNESOTA- PUBLIC PROJECT'REVENUE BONDS OF 2003 PUBLIC WORKS FACILITY . . :¡¡H¡ ::~H¡~:¡:¡H~:::¡¡H ¡:H¡::~n J~~Þ~Wt¡~~:: ;if:J~~*$~¡:H:~~: ¡:¡Hn~¡¡¡::: ¡¡:¡¡¡¡i:¡:n¡H!:H::¡::!':H¡i~ ¡:::¡~~: :¡¡m:~D¡¡¡:¡~~V!~W~;:$~~rÞ~$¡¡¡¡H:!'¡H~~¡¡m::¡: ¡i:if: H¡n¡¡i¡Þ~!;¡h¡f.ð,wf¡H:¡¡¡::¡¡~:¡ . Estimated Total Statutory Annual (12~1) Interest Debt 0.00% Capitalized Other Municipal Surplusl Cumulative 'ear Principal . Rates Interest Payment Coverage Interest Payments Funds Deficit Balance 003. 0 0.00% 10,630 10,630 .' 10,630 . 20,635 ° 0 10,005u 10,005 004 25,000 2.50% 21,260 46,260 46,260 ° 47,000 740 10,745 005 30,000 2.75% 20,635 50,635 50,635 , ° 47,000 -3,635 7,110 006 30,000 3.09% 19,810 49,810 49,810 0 47,500 -2,310 4,8'00 007 30,000 3.10% 18,910 48,910 48,910 0· 48,000 -910 3,890 008 30,000 3.25% 17 ,980 47,980 47,980 0 48,500 520 4,410 009 35,000 3.40% 17,005 52,005 52,005 0 49,000 -3,005 1 ,405 010 35,000 3.60% 15,815 50,815 50,815 0 49,500 -1,315 90 011 35,000 3.80% 14,555 49,555 49,555 0 50,000 445 535 012 35,000 4.00% 13,225 48,225 48,225 0 50,000 1,775 2,310 013 40,000 4.20% 11,825 51,825 51,825 ° 50,000 -1,825 485 014 40,000 4.40% 10,145 50,145 50,145 ° 50,000 -145 340 015 40,000 4.50% 8,385 48,385 48,385 0 50,500 2,115 2,455 016 45,000 4.60% 6,585 51,585 51,585 0 50,500 -1,085 1,370 45,000 4.70% 4,515 49,515 49,515 ° 50,500 985 2,355 50,000 4.80% 2,400 52,400 52,400 0 50,500 -1,900 455 ·545,000. 213,680 758,680 758,680 20,635 0 738,500 A55 ¡PP'i¡~~tÎdfi¡Þf¡ F.û~~~~:::n¡:i¡:i:H:H::¡:¡¡::i::ni¡:¡ m¡~¡HH¡:¡¡¡:~~::¡¡¡ ¡Šø~~Hi ¡iJf~ffii~~QW¡~ ¡ ¡¡ ¡ m: ¡: ¡ m: m: ¡¡: ~:~: ¡ H: ¡ ~: ¡ ¡ ¡:H: ~ ¡ ¡ H: H ~:~: ~ ¡::: H::~:::: ~ H: ~ ¡: i; ~i: H::: ¡~:: ¡!' ¡ ¡ ¡::¡ ¡ ¡ ¡::: st. Public Works Building Project 500,000 Bonds Df,lted: 6/1/2003 st. Furniture, Fixtures, Equipment 0 Bonds Mature: 1211/04 Through 12/1/18 st. Architect/Engineer Fees 0 Interest Payments: 12/1/03' & Each 6/1 & 12/1 Therèafter. st. Contingencý 0 Call Option: 12/1/2009 @ Par Plus Accrued 'Interest Less: City Cash Contribution ° Registrar/Pay Agent: U.S. Bank Trust, N.A., S1. Paul Less: InvestmÇJnt Proceeds (A) -295 Purchase Price: $.531,375 Jtal Hard Costs 499,705 Est. Average Coupon: 4.229% Est. Net Effective Rate: 4.499% Add: Issuance Expenses Bond Sale Date: Late May, Early June, 2003 :¡t. Underwriter Discount @2.50% 13,625 Bond Closing Date: Approx. 21 Business Days After Sale. lpitalized Interest (12 Months) 20,635 Bond Counsel: Briggs & Morgan, P.A. :¡t. Financial Advisory Fee 0 :;t. Bond Counsel 7,500 lting Fee 0 (A) $100,000 Invested@ 1.20% For 90 Days, :;t. a/SPrinting 650 :;t. Registration (One-Time Fee) 3,225 Total 545,340 - fed For Issuance II 545,00011 Monte Eastvold, V.P., Partner, Northland Securities,înc. Dated: 3/6/2003 CÐ RESOLUTION ESTABLISHING PROCEDURES - RELATING TO COMPLIANCE WITH REIMBURSEMENT BOND REGULATIONS UNDER THE INTERNAL REVENUE CODE BE IT RESOLVED by the Board of Commissioners (the "Board") of the Economic Development Authority ofthe City of St. Joseph, Minnesota (the "Authority"), as follows: 1. Recitals. (a) The Internal Revenue Service has issued Treasury Regulations, Section 1.150-2 (as the same may be amended or supplemented, the "Regulations"), dealing with "reimbursement bond" proceeds, being proceeds of bonds used to reimburse the Authority or the City of St. Joseph, Minnesota (the "City") as the primary obligor under the bonds, for any project expenditure paid by the Authority or the City prior to the time of the issuance of those bonds. (b) The Regulations generally require that the Authority make a declaration of intent to reimburse itself for such prior expenditures out of the proceeds of subsequently issued bonds, that such declaration be made not later than 60 days after the expenditure is actually paid, and that the bonding occur and the written reimbursement allocation be made fÌom the proceeds of such bonds within 18 months after the later of (1) the date of - payment of the expenditure or (2) the date the project is placed in service (but in no event more than 3 years after actual payment). - (c) The Authority heretofore implemented procedures for compliance with the predecessor versions of the Regulations and desires to amend and supplement those procedures to ensure compliance with the Regulations. (d) The Authority's bond counsel has advised the Authority that the Regulations do not apply, and hence the provisions ofthis Resolution are intended to have no application, to payments of the Authority or the City ofproject costs first made by the Authority or the City out of the proceeds of bonds issued prior to the date of such payments. 2. Official Intent Declaration. The Regulations, in the situations in which they apply, require the Authority to have declared an official intent (the "Declaration") to reimburse itself or the City for previously paid project expenditures out of the proceeds of subsequently issued bonds. The Board hereby authorizes the Executive Director to make the Authority's Declarations or to delegate fÌom time to time that responsibility to other appropriate Authority employees. Each Declaration shall comply with the requirements of the Regulations, including without limitation the following: (a) Each Declaration shall be made not later than 60 days after payment of the applicable project cost and shall state that the Authority reasonably expects to reimburse itself or the City for the expenditure out of the proceeds of a bond issue or similar - borrowing. Each Declaration may be made substantially in the fonn of the Exhibit A 1509534vl W) which is attached to and made a part of this Resolution, or in any other fonnat which may at the time comply with the Regulations. - (b) Each Declaration shall (1) contain a reasonably accurate description of the "project,'1 as defined in the Regulations (which may include the property or program to be financed, as applicable), to which the expenditure relates and (2) state the maximum principal amount of bonding expected to be issued for that project. (c) Care shall be taken so that the Authority, or its authorized representatives under this Resolution, not make Declarations in cases where the Authority doesn1t reasonably expect that reimbursement bonds will be issued to finance the subject project costs, and the Authority officials are hereby authorized to consult with bond counsel to the Authority concerning the requirements of the Regulations and their application in particular circumstances. (d) The Board shall be advised from time to time on the desirability and timing of the issuance of reimbursement bonds relating to project expenditures for which the Authority has made Declarations. 3. Reimbursement Allocations. The designated Authority officials shall also be responsible for making the "reimbursement allocations" described in the Regulations, being generally written allocations that evidence the Authority's use of the applicable bond proceeds to reimburse the original expenditures. -- 4. Effect. This Resolution shall amend and supplement all prior resolutions and/or procedures adopted by the Authority for compliance with the Regulations (or their predecessor - versions), and, henceforth, in the event of any inconsistency, the provisions of this Resolution shall apply and govern. Adopted by the Authority on March 19,2003. - - 1509534vl 2 @ . CERTIFICATION . The undersigned, being the duly qualified and acting Executive Director of the Economic Development Authority of the City of St. Joseph, Minnesota, hereby certifies the following: The foregoing is true and correct copy of a Resolution on file and of official, publicly available record in the offices of the Authority, which relates to proced?fes of the Authority for compliance with certain IRS Regulations on reimbursement bonds. The Resolution was duly adopted by the governing body of the Authority (the "Board") at a special meeting of the Board held on March 19,2003, which was duly called, held, open to the public and held at the place at which meetings of the Board are regularly held. Boardmember moved the adoption of the Resolution, which motion was seconded by Boardmember . A vote being taken on the motion, the following members of the Board voted in favor of the motion to adopt the Resolution: and the following voted against the same: whereupon the Resolution was declared duly passed and adopted. The Resolution is in full force and effect and no action has been taken by the Board which would in any way alter or amend the Resolution. . WITNESS MY HAND officially as the Executive Director of the Economic Development Authority of the City of S1. Joseph, Minnesota, on March 19, 2003. Executive Director Economic Development Authority of the City ofS1. Joseph, Minnesota . 1509534vl 3 ® , EXHIBIT A . Declaration of Official Intent The undersigned, being the duly appointed and acting Executive Director of the Economic Development Authority of the City of St. Joseph, Minnesota (the "Authority"), pursuant to and for purposes of compliance with Treasury Regulations, Section 1.150-2 (the "Regulations"), under the Internal Revenue Code of 1986, as amended, hereby states and certifies on behalf ofthe Authority as follows: 1. The undersigned has been and is on the date hereof duly authorized by the Board of Commissioners to make and execute this Declaration of Official Intent (the "Declaration") for and on behalf of the Authority. 2. This Declaration relates to the following project, property or program (the "Proj ect") and the costs thereof to be financed: Acquisition and bettennent of a 12,000 square foot public works facility. 3. The Authority reasonably expects to reimburse itself or the City for the payment of certain costs of the Project out of the proceeds of a bond issue or similar borrowing (the "Bonds") to be issued after the date of payment of such costs. As of the date hereof, the Authority reasonably expects that $ is the maximum principal amount . of the Bonds which will be issued to finance the Project. 4. Each expenditure to be reimbursed from the Bonds is or will be a capital expenditure or a cost of issuance, or any of the other types of expenditures described in Section 1.150-2(d)(3) of the Regulations. 5. As of the date hereof, the statements and expectations contained in this Declaration are believed to be reasonable and accurate. Date: March 19, 2003 Executive Director Economic Development Authority of the City of St. Joseph, Minnesota . 1509534vl A-1 ® ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF ST. JOSEPH, MINNESOTA - Member introduced the following resolution and moved its adoption: RESOLUTION INITIATING PROCESS FOR ADOPTION OF REDEVELOPMENT PLAN BE IT RESOLVED by the Board of Commissioners of the Economic Development Authority of the City of St. Joseph, Minnesota (the "Authority"), as follows: 1. Recitals. (a) The Authority is authorized to exercise redevelopment powers under Minnesota Statutes, Sections 469.090 through 469.1081, among other statutory powers; and (b) It has been proposed that the Authority establish a Redevelopment Project Area as described herein (the "Redevelopment Project Area"), in connection with the acquisition and bettennent of a new public works facility and adopt the Redevelopment Plan for the Redevelopment Project Area (the "Plan"); all pursuant to and in confonnity with applicable law. 2. City Council Public Hearing; Planning Commission Written Comment. Under applicable law, it is necessary for the City Council of the City ofSt. Joseph, Minnesota to hold a . public hearing on the Plan, and the Authority hereby requests the Council to hold the public hearing, following notice thereof having been published ~ot less than 10 and not more than 30 days prior thereto, and to consider thereafter the Plan for approval at a meeting of the Council on April 17, 2003. The Authority also requests the St. Joseph Planning Commission to provide written comment on the Plan. Adopted by the Board on March 19, 2003. President Secretary The motion for the adoption of the foregoing resolution was duly seconded by Member , and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: Whereupon the resolution was declared passed and adopted. . 1509547v1 ø STATE OF MINNESOTA - COUNTY OF STEARNS ECONOMIC DEVELOPMENT AUTHORITY - OF THE CITY OF ST. JOSEPH, MINNESOTA I, the undersigned, being the duly qualified and acting Secretary of the Economic Development Authority of the City ofS1. Joseph, Minnesota, DO HEREBY CERTIFY that I have compared the attached and foregoing extract of minutes with the original thereof on file in my office, and that the same is a full, true and complete transcript of the minutes of a meeting of the Board of Commissioners, duly called and held on the date therein indicated, insofar as such minutes relate to the Initiating Process for Adoption of Redevelopment Plan. WITNESS my hand officially on March 19,2003. Secretary . Economic Development Authority of the City of S1. Joseph, Minnesota . 1509547v1 2 ~ e www.Cityofstjoseph.com itg of St. Joseph DATE: March ·12, 2003 MEMO TO: Economic Development Authority .5 College Avenuept¿ðM: Joanne Foust & Cynthia Smith-Strack, Municipal Development Group '0 Box 668 :t. Joseph. MN 56~~: Site Plan, Building Exterior Plan, and Landscaping Plan - 700 Fifteenth Ave. N 320) 363-7201 <ax: (320) 363-0342 Background .DMINISTRATOR BL T Properties proposes the construction of a 16,000 square foot facility on a portion of Lot 2, Block 1, udy Weyrens Buettner Business Park II, or 700 15th Avenue NE The facility will be an incubator type warehouse/facility or multi-tenant industrial building. ilAYOR _arry J. Hosch Review Section 3.01 of the Declaration of Covenants, Conditions and Restrictions for the St. Joseph Industrial :OUNCILORS Park (a.k.a. Buettner Business Park) requires EDA prior review and approval of all plans and :"lan Rassier specifications. Following are excerpts of items relating to the plan review: {oss Rieke Jary Utsch REQUIREMENT PROPOSED MET/NOT MET )ale Wick Covenants: Section 3.01: The site plan, floor plan and building elevations Prior approval of structures. for a 16,000 square foot building with a possible Information is Subd. 1. requires future 16,000 addition have been submitted to provided as submission of a horizontal the EDA for review. . Elevation drawings are required by the floor plan and the exterior depicted on Plan 3-A.2 In addition the architect Protective . elevations in relation to is discussing drainage with the city Engineer for Covenants. finished proposed grade. comment for the Planning Commission meeting - Covenants: Section 3:01: A description of proposed exterior building The proposed Prior approval of structures. materials has been submitted to the EDA for building exterior Subd. 2. Requires review. Proposed exterior building materials meets the submission of a full include: 26 gage galvanized steel with a 20 year requirements of this description of exterior colorfast warranty. The color will either be a light section. building materials. gray or cream. The north and west sides include a cultured stone or rock face veneer. The north side, which borders another lot contains 15% cultured stone and the west side contains 25% cultured stone or rock face veneer. Covenants: Section 3.02, The plans submitted illustrate plantings and 3 The proposed paragraph one requires: foot berms on the west side adjacent to 15th landscape plan open areas, excluding Avenue and south side adjacent to the Vicwest appears to meet the parking, driveway and building. requirements of the storage areas be landscaped covenants. There with trees, shrubs or planted Proposed plantings include a variety of trees and is not a notation ground cover. shrubs including 25 Junipers, 4 Red Twig relating to the Dogwood, 12 American Cranberry and 8 Red groundcover for the Oak/American Linden. remainder of the lot on the plan. ~MDG recommends approval conditioned upon . the installation of acceptable groundcover for the remainder of the lot. 1 @ Covenants: Section 3.02, 12 parking spaces are illustrated along 15th Conditions outlined . paragraph two requires: Avenue and 37 spaces are along the north side in the Covenants parking lots adjacent to of the building/lot. have been met. public R-O-W's include a six foot strip of landscaping with The parking areas adjacent to the 15th Avenue a minimum three-foot drop in street right-of-ways are screened with the grade (from the R-O-W to required landscape berm and trees every 35 the parking lot) with a lineal feet. minimum of one shade tree and five shrubs for every 35 The parking lots are proposed to include light linear feet for screening. duty pavement (1 12 to 2" pavement with 6" base). The south truck area is proposed to include class II gravel. Covenants: Section 3.03. N/A This section is not Requires a landscaped applicable since the greenway adjacent to C/R proposed site is not 133. adjacent to C/R 133. Section 3.05 requires all Plan 3-A.2 notes a poured concrete EDA to review and new facilities to consist of foundation and walls. The required frost discuss pre-cast or cast tip up footings which extend a minimum 8" above compliance with concrete walls, concrete the final grade are not illustrated. The this Section. block, post framelsteel architect has indicated that this is not a pole frame with concrete block barn structure, rather it is a Butler pre- or poured concrete engineered structural steel building. He will complete perimeter be present at the meeting to further discuss foundation with frost this requirement. footings extending a minimum of 8" above the final grade, and stick built construction. Pre-finished . architectural metal panels need a 20-year manufacturer colorfast warranty. - Section 3.06 and 3.07 define The west side of the building faces 15th Avenue Conditions outlined acceptable exterior building NE. The total square footage of the west side of in Sections 3.06 materials. A minimum of the building is 1,900 square feet (19 feet high x and 3.07 are met. 25% of the exterior building 100 feet long). A cultured stone or rock face finish directly facing streets veneer is proposed for the lower 4'10" by 100' or shall consist of: face brick, 483 square feet which results in 25.4% of the natural stone, glass, vinyl, exterior on this side. stucco, aluminum lapsiding.. In addition 15% of the north side of the building, cut block, or concrete block which is adjacent to a northerly lot, is proposed and other approved to contain the cultured stone or rockface veneer. decorative sidinQ. Covenants: Section 5:01 Plan detail 1-A2.1 illustrates a dumpster on the Conditions outlined requires refuse containers to SW side of the building. A 5' high slatted chain in Section 5.01 are be kept in three sided link fence with a 16' gate is noted. met. enclosures a minimum of five feet in height constructed of brick, stone, decorative concrete material or durable material (i.e. screen chain link with a latched gate for the forth side. Covenants: Section 5.03: Other than the dumpster area, no outdoor The conditions of states, "No outdoor storage storage is proposed. Section 5.03 are of products, non-movable met. equipment, inventory or . storage in any container or semi-trailer shall be allowed. 2 @ . Any storage of allowable material shall be screened from public view." Covenants: Section 5.02 Plan 1-A2..1 illustrates 4 exterior loading docks requires "Loading docks and on the south side of the building. This area is garage entrances and exits screened from 15th Avenue NE with the required Screening of shall be screened ~ 3' high landscape area and trees along 15tli loading docks and minimize visibility many Avenue NE. The 3' high landscape area is also doors is in public street and/or any illustrated on the south property line. compliance with adjacent building structures Section 5.02. front or side yard viewing point. The Planning Commission and Council have and will review the proposed project as it relates to the Zoning Ordinance for the L-I, Light Industrial District. The following comments are for EDA consideration and information: · Incubatorlindustrial facilities are permitted uses within the LI - Light Industrial District. (Section 52.28 Subd. 2, d) · Minimum Area: 1 acre - Proposed plat 3 acres. · Proposed building setbacks exceed the required 30 foot front, 25 foot side and 20 foot rearyard. Proposed setbacks are 60' front, 78' and 105"side and over 20' rear. · The proposed building height of 19 feet conform with zoning requirements which limits the height to 55 feet. · Site coverage of 50% maximum is met. · Parking lots - the parking lots on the north and west sides are paved with light duty .- paving. The south side loading dock and door area is class II gravel. · Loading docks are required to be 10' x 50'. Proposed loading dock is 8'8" x 60. The architect has noted this is standard loading dock door size. · A statement of development is needed. · A landscape plan has been provided. · The HVAC unit is screened through the 8' front landscape buffer, .with the type of vegetation identified. · Additional information on the lighting is needed. The architect has noted he will provide this for the Planning Commission. · B612 curbing is required around the parking area. · A landscape plan for the parking lot is included. · The building location, elevations and location of ingress/egress are illustrated. · Signs may be 50 square feet. The proposed sign is 10 X 5 of 50 square feet. · The plan illustrates 49 parking spaces. 32 spaces are required by the zoning ordinance. · The architect is discussing required drainage plans with the City Engineer. It is noted the EDA review of the covenants, conditions and restrictions for the St. Joseph Business Park (a.k.a. Buettner Industrial Park) does not constitute a review of the requirements of the Zoning Ordinance of the City of St. Joseph. EDA Action: The EDA will take action on the approval, conditional approval or denial of the proposed plans based on its compliance or lack of compliance with the Restrictive Covenants for the Business Park. 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'I IL... g I ..~t'· I ~ ~ tL rI\ ~ ff~~ I 0 ~i·'i' i "!- ~ r L' ~ If ,I '." : "'~ 'It I" f - ~ =.~ ~'. t1 fi - - ~ ihl I "1':;; ~. : ¡ - R a "",'1 ---.. ! ~ :r '7k + " I ¡ - &' ¡::: -iJ ." + - . -' ! , .r' .n " I - c r C- . \ r:ï.¡' ;,:: I -::::: = 1 I 1 - t h b Ii - - I,. , ., _ - '0 L&. Ui ~: ¡ ~:. r ~ " ! (f) ~1! i! II IT 1;111111' 0l1! J' I I "E~ ~ "C ( ~ " · tQþ II I I, II.. 4 t --"'- II! ~ ~ ~ : S ! S L~µ .....,.- ~ M ......-" ,,~ "L \ -l.J ~ ... S'N aI'1G^'V' KUil ~ Ð E ~ . .:. " ~ ~ - II' - . a.. 0 z ~ J I ~ "") I _ :t: I CJ t.. W Q U CD -< I . . . www.cityofstjoseph.com ity of St. Joseph - .5 College Avenue North DATE: March 12, 2003 '0 Box 668 it. Joseph. MN 56374 MEMO TO: St. Joseph Economic Development Authority 320) 363-720 I 'ax: (320) 363-0342 FROM: Joanne Foust & Cynthia Smith-Strack, Municipal Development Group .DMINISTRATOR RE: Business Questionnaire udy Weyrens I1AYOR Background: .arry J. Hosch At the January and February EDA meetings, EDA members discussed the possible distribution of a questionnaire to business prospects to obtain input on current and future EDA and City :;OUNCILORS services. Attached, is a draft questionnaire. At the February meeting, the EDA requested input <'\.Ian Rassier from the Planning Commission and Council on the survey. An update on their comments will be {oss Rieke provided at the EDA meeting. Jary Utsch )ale Wick EDA members will also discuss: 1. Who will be sent the questionnaire a. Business leads that decided to locate or expand elsewhere; b. Current business prospects; - c. Business contacts that have decided to expand/locate in St. Joseph; or - d. All of the above. 2. Method of distribution/return a. Mail from EDA b. E-mail c. Return to EDA 3. Questions: Review and revision of draft questionnaire questions Action: The EDA will provide input on how to proceed with the questionnaire. . c;y . City,ofSt~Josepn .. St. Joseph'Ecèn'omlc De¥elopmentAl!ItborityQues,tionnaire In the interest of serving our business community and potential commercial/industrial businesses to the best of our ability, we are requesting input from you on the services and activities of the S1. Joseph Economic Development Authority and its consultants, the Planning Commission and the City Council. As a business representative who has worked on a project in our community, we value your input and ideas! Your completion of the following questionnaire is greatly appreciated! It may be returned in the enclosed self-addressed stamped envelope to: City of S1. Joseph EDA, PO Box 668, S1. Joseph, MN 56374. 1. Who was your first contact at the City of 81. Joseph? 2. On a scale of 1 to 5, with 1 = poor and 5= excellent, how would you rank your initial meeting and impression of the City of S1. Joseph? 1 234 5 Comments: 3. If you met with EDA consultants (Joanne or Cynthia of Municipal Development Group, Inc.) how would you rank the following: a. Knowledge 1 2 345 b. Ability to provide you with information needed 1 2 345 c. Follow-up/ Responsiveness 1 2 345 Comments: - - 4. If you met with the Economic Development Authority (EDA) how would you rank: a. Willingness of the EDA Board to foster development 1 2 3 4 5 b. The overall experience? 1 234 5 Comments: 5. If you met with City staff members how would you rank: a. Their knowledge 1 234 5 b. Willingness to assist and explain information 1 2 3 4 5 c. The overall experience? 1 234 5 Comments: 6. If you met with the Planning Commission how would you rank: a. The Commission's explanation of why they voted as they did: 1 2 3 4 5 b. The Commission's approach to you as a business/developer: 1 2 345 c. The overall experience? 1 2 3 4 5 . @. £.~ · Comments: 7. If you met with the City Council how would you rank: a. The Council's explanation of why they voted as they did: 1 2 3 4 5 b. The Council's approach to you as a business/developer: 1 2 3 4 5 c. The overall experience? 1 2 3 4 5 Comments: 8. If you decided to locate/expand in S1. Joseph, what was your primary reason for selecting S1. Joseph as a location for your business? 9. If you decided not to locate or expand your business in 81. Joseph, what was your primary reason for this decision? 10. Other comments or suggestions: · Thank you for your time and input! We hope to work with you in the near future! · @ . ity of St. Joseph . www.cityofstjoseph.com 25 College Avenue North '0 Box 668 Date: March 12, 2003 ,I. Joseph. MN 56374 320) 363-7201 Memo To: ED A Board Members "ax: (320) 363-0342 ~~ ~ Memo From: Joanne Foust and Cynthia Smith-Strack, MDG <\DMINISTRATOR udy Weyrens RE: Site Inventory MAYOR _arry J. Hosch Background :OJJNCILORS Over the past few months MDG has been assembling materials for an inventory of \lan Rassier available commercial and industrial sites. On January 29, 2003 staff mailed '{oss Rieke information regarding the listing of available commercial and industrial Jary Utsch development!redevelopment sites to owners of several properties within the )ale Wick community. Follow-up calls have been placed to all parties, with information submitted by several property owners. Others have indicated the information will be available within the next month or two. MDG is compiling a pamphlet and web site . information and will bring information to the EDA meeting. Action - This item is for information only. No action is required. . GiiJ ~ www.ci~f.""."ph~m ity of St. Joseph Date: March 12, 2003 25 College Avenue North Memo To: E~_~Board Members /. ¿J:. PO Box 668 ' \11,1\ ~ '-£1: <;1. Joseph. MN 56374 Memo From: JÜânr1!:;- Foust and Cynthia Smith-Strack, Municipal Development Group :320) 363-7201 Fax: (320) 363-0342 RE: High Speed Data Line - Industrial Areas ADMINISTRATOR B k d ac groun Judy Weyrens The EDA has been working toward a goal to have high-speed data line plant installed in the industrial areas of the City. Previously staff had spoke to and met with Astound Broadband. MAYOR Astound indicated a need to perform cost/benefit analysis prior to making a decision _arry J. Hosch regarding plant extension. EDA staff contacted fourteen existing industries and polled them as to a desire for high-speed data transmission lines. The overwhelming majority indicated a ::;OUNCILORS desire for said service. Staff reported their findings to Astound for use in cost/benefit A.lan Rassier analysis. Staff also indicated land use plans for the future were guiding acreage east of the Ross Rieke current industrial area toward industrial growth, and that consumption of industrial acreage Jary Utsch was projected at a rate of 15 acres per year. The information is expected to be included in Dale Wick the utilities capital planning. Astound is currently researching costs associated with plant extension. The EDA contact at Astound is out of the office until later this month. EDA staff also spoke with the Minnesota Manager of U.S. Cable regarding high-speed data - transmission lines for the industrial areas. U.S. Cable indicated their focus is primarily on - serving residential portions of the City as extending plant to business/industries is typically not cost effective. The Manager indicated current breakpoint for profitability is roughly 70 connections for each mile of plant installed. The U.S:" Cable representative did indicate that they wished to be good stewards in the community, but that competition further limited plant extension due options. The Manager did suggest that if Astound would not move forward with serving the industrial areas, U.S. Cable could consider doing so on a, non-compete basis. Action No action is required at this time. This item is for your information only. Gj) . ity of St. Joseph . www.cityofstjoseph.com DATE: March 12, 2003 MEMO TO: Economic Development Authority 25 College Avenue North FROM: . J~ust & Cynthi~h-StraCk,.MuniciPal Development Group PO Box 668 St. Joseph. MN 56374 RE: Economic Development Activity Report - February/March, 2003 (320) 363-7201 Fax: (320)363-0342 ADMINISTRATOR Municipal Development Group has been interacting with a number of prospects throughout the past month. Following is a summary of activities that have transpired. If you have any Judy Weyrens questions on any of these or other projects, please do not hesitate to contact us at 952-758- 7399. MAYOR Larry J. Hosch Business Prospects have been identified by a project number to protect the confidentiality of the businesses. :::OUNCILORS <\Ian Rassier Project 01-A: ~oss Rieke The construction of a 67,000 square foot building is near completion in the St. Joseph Business Jary Utsch Park. The company will be moving into the facility in March. The actual payment request for )ale Wick the $42,000 grant to the City of St. Joseph from the Minnesota Investment Fund for the establishment of a revolving loan fund will be submitted to DTED the end of March. Project 01-E . This project involves the expansion of a current service business. The actual construction is not anticipated for another couple of years. MDG continues to be in touch with the prospect's contact. An emailwas sent 2-25-03 and phone call message left 03-12-03. Project 01-F: This project involves the locating of a fast food restaurant in the City of St. Joseph. MDG emailed contact on 2-12-03 with an update request and offer to assist. On 2-25-03, MDG spoke to the company contact who indicated they have narrowed their site options and would be touring sites the last week of February. MDG met with the company representative on March 12,2003. Project 01-1: This company is considering the purchase of approximately 5 acres in St. Joseph Business Park for a 12,000 square foot facility. The company's option on the lot has expired. They are still interested in expanding in St. Joseph but are waiting to proceed with the closing on the property until they sell real estate they own in another community. MDG had follow-up cOl:Jtact With the business on 2-6-03 and 2-25-03. Project 01-J: This developer owns a commercial subdivision in St. Joseph. MDG followed up with the developer on 2-6-03 and met with him on 2-25-03 regarding listing of available sites and two potential commercial projects for the subdivision and followed up on 3-12-03. Project 01-N: This commercial business is considering the construction of a 3,000 square foot office facility in St. Joseph (not in the St. Joseph Business Park).· Emailed on February 12, 2003 to advise of - proposed professional office lease space construction. The company contacted MDG on February 18th and noted the project is back on the table. MDG researched commercial sites, at - the request of the company, on February 19th and 25th and March 3rd, 4th, 10th and 12th and conducted follow up conversations with the company on March 3rd ,5th, th and 1 ih. Project Report - March, 2003 Page 1 @ . Project 02-E: . This company contacted the City in February, 2002 regarding commercial sites ~ to 1 acre in size for a 5,000 square foot commercial enterprise. MDG follow-up via email on February 6, 2003. The developer requested additional demographic, economic and traffic count information which was forwarded to the developer on February 10, 2003 and followed up on February 19, 25, 2003. This contact is assisting the city in finding grant funds for the Wobegon Trail Welcome Center. He has indicated his project is on hold until fall, 2003. MDG sent a follow-up e-mail on March 12, 2003. Project 02-L This company contacted the city on April 29, 2002, regarding potential space for the construction of a office/warehouse and office facility. They plan to construct a 12,800 square foot multi-tenant building in St. Joseph business park, with plans for an additional 9,600 square feet. The company closed on a 3.0 acre parcel which is a part of Lot 1, Block 2, Buettner Business Park on February 4th. MDG mailed the contact additional information regarding the EDA and Planning Commission/City Council on February 6th and spoke to the company representative regarding the EDA and Planning review process on February 19th and met with the company representative on February 26th. Site and building plan review information was forwarded to the company on March 5th and ih. MDG followed up with the company and their architect on March 1 ih. The EDA is scheduled to review the building and site plan at their March 19th meeting with Planning Commission review, if the application is complete, at their April meeting. Project 02-0 This company contacted the city in May of 2002. They are interested in approximately 1 acre of industrial land. MDG followed up on February 19, 2003 regarding a potential site. The . company contact indicated they have been very busy and their expansion plans will be revisited in approximately six months. Project 02-P Project 02·R This company is interested in a site for a 7,000 square foot building. MDG has corresponded with the company on numerous occasions. The company contact requested information on developers who may build-to-suit for either purchase or lease. MDG followed up on February 6th, 2003. The contact requested additional information on the 6th which was forwarded on February 10, 2003. MDG followed-up via e-mail on March 12, 2003. Project 02-U The Department of Trade and Economic Development requested proposals from cities in August, 2002 for this company. A proposal was submitted on behalf of St. Joseph, by MDG. On January 6th, DTED e-mailed that they have forwarded additional information on financial incentives available in MN to the company and have requested a meeting. It appears all 88 communities/locations are still under consideration. MDG emailed a request for an update on February 12, 2003. Project 02-V This company contacted the City on September 18, 2002. MDG met with the owner and discussed sites, zoning, covenants and incentives. The company needs 3,800 to 5,000 sq. feet and is interested in leasing. MDG followed up on February 6, 2002 to check if developer contacted landowner. Developer indicated he had not had a chance to touch base with the landowner, but was planning to do so. MDG sent a follow-up letter on February 26, 2003. - - Project Report - March, 2003 Page 2 @ - Project 02-Y This prospect contacted MDG on October 7, 2002 indicating he had met with City - representatives a few years ago regarding new construction in the Buettner Business Park. MDG followed up with the contact on February 6, 2003 and February 25, 2003. On March 10th, the company representative noted he had researched a site outside of the Buettner Business Park as only 1 :V2 to 2 acres are needed, but the cost per square foot was too high. MDG will continue to research potential industrial sites. Project 02-Z This company contacted the MDG regarding relocation of their current commercial facility on October 31,2002. MDG followed up on February 1ih, 14th, 18th, 20th, 26th and 2th. MDG met with the company representative and a building owner to discuss a possible purchase on March 5th. The building owner will review and get back to the owner and MDG the beginning of April. Project 02-AA This prospect contacted the MDG on November 4, 2002 regarding industrial lots within the Buettner Business Park. The company closed on the purchase of a parcel on February 4,2003. Developer contacted MDG for additional information on assessments on February 11, 2003. MDG followed up with the abstract company and developer on February 18th and 25th and March 7th. Project 02-BB This prospect contacted the city in November seeking information on 300 - 400 sJ. of available commercial lease space. MDG attempted to follow up with additional information on February 1 ih d 2 th . an 5 2003, however the phone was dIsconnected. Project 02-CC - This prospect contacted MDG on November 22, 2002 regarding available acreage within the BuettnerBusiness Park for a 9,200 square foot facility. MDG followed-up with the prospect on - February 25, 2003. They had contacted one of the landowners and are waiting for a price on the industrial site. MDG followed-up on March 10th. The contact indicated the price of the 2+ acre site was too high. They may consider a lot in Buettner Business Park. MDG sent the contact additional information on the lots in the park including covenants, a map and pricing information. Project 02-DD This contact inquired about residential and commercial land in St. Joseph on December 9, 2002. MDG followed up several times including the latest contact on February 25, 2003. Project 02-FF This developer contacted the City on December 26, 2002 regarding a specific parcel in the Buettner Business Park. EDA staff has followed up with this contact on several occasions. MDG left a message on February 6, 2003 regarding sites and sent a follow-up letter on February 25, 2003. Project 03-A These developers are interested in a highway commercial development in an area not yet annexed into the City. MDG has been working with them over the past several months. MDG followed up on February 1ih, 13th, 14th, 1th and 20th. A meeting was held March 5th to review items including the shoreland ordinance, possible sites for a city well on the property, annexation process, PUD standards, development applications and schedule, etc. The developers anticipate presenting a concept plan and request for annexation in April, 2003. Follow-up correspondence occurred on March 10th. Project Report - March, 2003 Page 3 @ Project 03-B - This business contacted the city on January 7, 2003. They are interested in a 1 to 1 'V2 acre industrial site. MDG followed up with the contact on February 12, 2003. The contact indicated - he secured a parcel in the City of Richmond. Project 03-C This prospect contacted the City on January 6, 2003. The are interested in a commercial development, but are in the initial planning stages. MDG met with the prospects at the City on January 15, 2003. They are looking for a short-term lease for about 2,000 sJ. of commercial space. MDG contacted the prospect on February 25th. They indicated they are close to securing an existing building in Waite Park. Project 03-D St. Cloud Area economic development contacts were invited to a presentation at the St. Cloud Area Economic Development Partnership on Friday, January 10, 2003. At the meeting two entrepreneur's shared their interest pursuing project involving processing plant which would flavor pre-dressed poultry for distribution to the home replacement meal market. Follow up phone calls and discussions occurred on February 21st, 25th and 2th and March 6th. The company plans to visit MN in March or April to tour two buildings, one of which is in St. Joseph. Project 03-E This prospect met with MDG on February 19, 2003. They inquired about land in Buettner Business Park. MDG provided the prospect with site information, assessment and covenants. The prospect will be meeting with business associates to discuss the information. MDG followed up on March 1ih. Other: MDG has been working on the development of economic development related materials for the - City of St. Joseph web site, including an inventory of available commercial/industrial properties. MDG has also been working with the Planning Commission on the review of the Zoning - Ordinance and update of the Subdivision Ordinance. MDG is in the process of updating the City's Community Profile, which is on file with the Department of Trade and Economic Development and coordinating research on a lease-revenue bond for the city's maintenance facility. Proj ect Report - March, 2003 Page 4 @