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HomeMy WebLinkAbout2005 [08] Aug 03 . CITY OF ST. JOSEPH www.cityofstjoseph.com Administrator Judy Weyrens St. Joseph Economic Development Authority Meeting Notice VVednesday,August3,2005 3:00 p.m. City Hall MoyorMEETING NOTE: THIS MEETING WILL REPLACE THE MEETING I\,chord GIfI~RMALLY SCHEDULED FOR THE. THIRD VVEDNESDAYOF THE MONTH . Councilors AI !\"ssier 1. Call to Order. Ross Rieke Renee Symðnietz 2. Approval of Agenda. Dðle Wíck 3. Approval of Minutes. a. July 21, 2005. 4. Approval of Accounts Payable. 5. Approval of Financial Reports. 6. Business. a. 2006 Budget. b. Financing for Land Purchase: Water Treatment Center. c. Stadium Village - Vision. 7. Board Member Announcements. 8. Adjournment. . to; College Avenue North' PO Bo~ 668 . Soint. Joseph, Minnesoto 6, 4 Phone ,to.,6,.7'0', FðX ,to.,6,.0,4' . . . · · · Present: EDA Board Members Richard Carlbom, Bruce Gohman, Ken Jacobson, Ross Rieke (arrived at 5:09 p.m.) and Tom Skahen. Also present Joe Leach, Owner Bliss Direct Media; Jerry Hettwer with Hettwer Real Estate Services, Mark Lenz, MLA Architects, the construction contractor for the Bliss Direct Media project, Terri Barreiro from the Donald McNeely Center for Entrepreneurship and Cynthia Smith-Strack of Municipal Development Group. ' Vice Chair Carlbom called the regular meeting of the St. Joseph EDA to order at 3:05 p.m. Agenda. Vice Chairperson Carlbom introduced the agenda. ' Moved by Gohman seconded by Skahen to app ove the agenda as presented. Discussion followed, Carlbom requested the introduction of the Director of the Donald McNeely Center for Entrepreneurship be added as the first Item under business. Motion carried 4-0. Approval of Minutes. , EDA Vice Chair Carlbom noted the minutes from the June meeting were included in the packet. . . i Motion Gohman, seconded by Jacobson to approve the June 15, 2005 Reguiar EDA minutes as presented. Motion approved 4-0. EDA Accounts Payable. . Carlbom introduced the topic. Strack provided an overview of the accounts payable for July 2005 in the amount of $2,102.76. ' Motion by Skahen, second by Gohman to approve EDA accounts payable. Motion carried 4-0. Rieke arrived at the meeting at 5:09 p.m. Carlbom turned the meeting over to Rieke. Financial Report. Rieke introduced the agenda item. Strack provided an overview of the financial reports for June. S rack noted the City had not received the first half property tax payment and subsequent statement at this ,time on July 7th and therefore the June Revenue Report did not reflect the tax settlement. 'I , I Motion by Gohman, second by Skahen to approve May financial reports. Motion carried 5-0. I I , Introduction of Guests: Ms. Terri Barreiro, Director Donald McNeely Entrepreneurial Center. I Chairperson Rieke introduced Ms. Barreiro. Ms. Barreiro stated her interest in appearing before th~ St. Joseph EDA was to determine how to become more involved. in Economic Development activities in St. Joseph. Barreiro noted the Donald McNeely Entrepreneurial Center had been in existence for one' year and the purpose of the Center was to build an entrepreneurial spirit in students and to promote student/St. Joseph public interaction. The Center was promoting/assisting business students in working toward establishing their own businesses while being students. Barreiro indicated one student' had opened a night-time coffee shop on campus and another student was in the business of selling carpet to other students for their dorm rooms. Barreiro noted that students and faculty partnered on projects to work through business plans and marketing strateg'ies. Carlbom asked if studentsifaculty could partner to produce marketing plans for private sector businesses within St. Joseph. Barreiro stated that that was a project that could be considered. Barreiro also noted typical timeframes for projects included the months EDA MInUtes B005 Page 1 of September through November; February thru April and the summer months. Barreiro stated the . services provided by the Center would be at no cost. Gphman inquired as to whether or not the Center could conduct economic impact analysis. Barreiro noted that was a project she thought the Center could investigate. The EDA thanked Ms. Barreiro for attending the meeting. Bliss Direct Media: Site Plan Review - Buettner Business Park Covenants Rieke introduced the topic and invited the members of the audience to introduce themselves. Rieke asked Strack to provide an overview of the project. Strack noted the report on the site plan/covenant review was in the packet. Strack noted she had reviewed the memo regarding the proposed 17,000 sf industrial facility with MLA Architect's Mark Lenz. Mr. Lenz distributed copies of updated site, utility, landscaping and elevation plans. The EDA and the Developer reviewed the foliowing changes: · The original site plans depicted a potential lot split however a request for lot split approval had not been received. The property owner indicated the lot split was not a consideration at this time but may occur at an unspecified point in the future. · The site plan has been revised to reference the instaliation of acceptable groundcover for the remainder of the lot; tree, shrub and ground cover variety; and the extension of landscaping requirements through the lot of record in its entirety. · Berming between 15th Avenue and the parking lot has been illustrated on the revised site plan and the treelshrub planting area was expanded to six feet in width. · The instaliation tree plantings throughout the perimeter of the lot iying adjacent to CR 133 was depicted on . the site plan. The property owner noted a desire for the EDA to consider reducing the requirement in the event lot subdivision would occur in the future. · The site plan was revised reflect the instaliation of a complete perimeter foundation for the facility. · Samples of materials proposed were demonstrated. The split face brick will be neutral ecru in color, the contrasting brick a somewhat darker shade of neutral tan and the metal is proposed to be of similar color. The metal will be of architectural grade. · The revised site plan illustrates the employment of decorative concrete block on 25% of the building façade facing CR 133. · The revised site plan includes a written description of screening materials to be utilized in the shielding of the refuse container (chain link fence with lathes). · The revised site plan depicts shrubbery proposed to be placed in such a manner as to screen the loading docks or overhead doors from the view of adjacent property owners. Gohman requested Leach inform the EDA of the nature of his business. Leach expiained Bliss Direct Media is a direct maillmail list manager. Most clients are from the east coast. The company produces and mails direct mail media to approved client lists on a contractual basis. Bliss Direct has been in opertation in Waite Park for five years and has been experiencing steady growth. The facility in St. Joseph will result in the addition of seven to ten employment positions in the City. Rieke stated for the record that his employer is a direct competitor to Bliss Direct Media. Motion Gohman to approve the site plan provided frees were placed on the northern boundary as . represented by the 'potential lot split' boundary /ine on the site plan. . Second by Car/born for discussion. EDA Minutes- July 21, 2005 Page 2 . . . Additional discussion transpired. Skahen suggested an amendment to the motion noting the property owner had to subdivide the parcel within a specified period of time (e.g. following designation of the northern east-west collector roadway). Rieke questioned whether or not the EDA wanted to monitor the status of a potential subdivision. Carlbom noted he favored installation of trees throughout the perimeter of the entire parcel as the EDA had required other property owners within the business park to do the same. Rieke called a vote on the Motion by Gohman. Motion failed 2-3. Motion by Skahen, Second by Carlbom to approve the site plan provided the developer install trJes Jiang the entire lot perimeter unless the developer commits to subdividing property after northern east-west collector street corridor is ascertained. Motion failed 2-3. I Motion by Car/bom, second by Skahen to approve the site plan without the requirement for the installation of trees along the northern perimeter of the lot adjacent to CR 133 and 1 s'h A venue, Screening will only be required along the east and west portions of the lot and not adjacent to the potential outlot. Motion carried 3-2. I I 2006 Budget . I Gohman noted he needed to leave the meeting as it was nearing 4:45 p.m. but that he thought additional discussion regarding the budget was warranted. The EDA discussed the timing of the budget revieW and noted a meeting sooner than mid-August would be required to accommodate the City's review of the entire budget. The EDA requested MDG, Inc. provide additional information regarding the conversion of the consulting contract to a staff position and other potential projects for 2006. Motion Jacobson, Second Gohman to move the August 1th regular EDA meeting to August :f" at' 3:00 p.m. Motion carried 5-0. Gohman exited the meeting. Update: Southern Collector Corridor Study Rieke introduced the agenda item. Strack noted the technical advisory committee (T AC) met and evaiuated all alternatives presented by the project engineer, WSB. Strack noted that although a 'clear best alternative was not identified, the evaluations favored the extension of Field Street from 20th Avenue to CSAH 2. The corridor study would now move into a second stage which included corridor alignment and environmental study. I I Director's Report. , ' I Strack referred to the prospect list/activity report outlining communication with various contacts thaI was included in the EDA packet. Rieke inquired as to the status of the Riverbats project. Strack noted a meeting on July 22"d wherein the concept plan would be presented to the Planning Commission and City Council. It was noted August 1, 2005 will be St. Joseph night at the Riverbats game. I Board Member Announcements. Carlbom stated he had attended the St. Cloud Area Economic Development Partnership meeting éarlier in the day. The Partnership had acted to approve the concept of "Associate Memberships" which will allow private businesses to join the partnership for a membership fee of $2,500. "Associate Members" will not be voting members of the Partnership. Carlbom noted the City of St. Joseph was not eligible to join at the $2,500 level. Carlbom noted the membership for the City was slated to increase for the first time in several years to an estimated $8,000 in 2006. . Adjournment Motion by Jacobson, seconded by Car/bom to adjourn. Motion carried 4:0. Meeting adjourned at 5:01 p.m. EDA Minutes - July 21, 2005 Page 3 . . . · · · Administrator Judy Weyrens Moyor Richord Corlbom RE: Councilors AI R"ssier Ross Rieke Renee Symonietz Dole Wick CITY Of ST. JOSEPH www.cityofstjoseph.com DATE: July 27, 2005 MEMO TO: St. Joseph Economic Development Authority Joanne Foust & Cynthia Smith-Strack, Municipal Deveiopment Group Phone ':;20.-:;·6, 72..0! ! G ¡: , -;; ¡ 0" -:: C ':j 0-:; <!.2 FROM: Accounts Payable - July 2005 July Financial Report A. Accounts Payable: . EDA AP information was not available at the time of the drafting of this packet. information may be provided at the meeting. B. Financial Report:, , July EDA financial reports were not available at the time of the drafting of this packet month has not ended. Additional information may be provided at the meeting. 2., College Avenue North' PO Box 668 . Sðint. Joseph. Minnesolð n '" ·"-1" > AddItional I ! the · · · . Administrðtor udy Weyrens Moyer Richðrd Codbom Councilors AI Rossier Ross Rieke Renee Symðnietz Dole W'ick . . CITY OF ST. JOSEPH www.cityofstjoseph.com DATE: July 27, 2005 MEMO TO: St. Joseph Economic Development Authority FROM: Joanne Foust & Cynthia Smith-Strack, Municipal Development Group RE: EDA Budget - 2006 Background The City is in the process of reviewing the budget for 2006. The City Council will be conducting budget workshop(s) in August. The EDApreliminary budget is requested prior to the CounCil budget workshop(s). A preliminary budget will be adopted and certified to the County in September and a finai budget to be adopted in December, 2005. i I At the July 21, 2005 meeting the EDA delayed action on the 2006 budget to allow further discussion at an additional meeting. Since the City Council will be reviewing the preliminary budgét draft in August the August regular EDA meeting was advanced to August 3, 2005. Board Members requested MDG, Inc. provide additional information on the financial impacts of potential project for the year 2006 to ensure adequate budget requests were reviewed. . The following items have been identified: 1. Conversion of EDA Director Position from consulting services (i.e. MDG, Inc,) to fnunicipal staff (i.e. Community Development Director). The MN. League of Cities Salary Survey for Greater MN. cities illustrates: , 1 · Becker minimum/maximum wage range: $42,399 and $63,578 I · Cambridge minimum/maximum wage range: $60,387 and $77,967 · Sartell minimumlmaximum wage range: $49,350 - $71,200 · Average of all cities between 5,000 and 15,000 population = $56,889 · See attached salary survey for additional information , Based on the saiary survey it is likely an entry level CDD wage would be: app)oximatelY $43,000. A more seasoned/experienced CDD approximately $56,889 and a high ¡end CDD approximately $65,000. If benefits/taxesfinsurance are typically estimated at ;30%1 of salary, therefore, anticipated expenses are as follows:' i LEVEL OF EXPERIENCE BENEFITS, TAXES & INSURANCE TOTAL SPLIT 50/50 WITH PLANNING WAGE ENTRY MODERATE HIGH $ $ $ 55,119 73,956 84,500 $ $ $ $ $ $ $ $ $ 42,399 56,889 i 65,000 12,720 17,067 19,500 27,559 :36,978 '42,250 . I The 'Professional Services' line item in the 2005 EDA budget was $26,000. MDG contract expense for 2005 is $21,000. Anticipate a probable 5% increase in fee for 2006 or a total of $22,050. 2, College Avenue North, PO Box Phone 12..01b1".72-0r bbs . Soint. Joseph. Minnesoto "b, Fax ,2.0.,6,.0142 2. Purchase option for industrial oark oropertv. The pursuit of the purchase of an option for . potential industrial property would allow the EDA to control property for future industrial development without incurring property holding costs. Option would include an agreed upon purchase price and/or calculation. The property could be held until a qualified development initiates the ultimate purchase of the property. There are a few approaches toward budgeting for the purchase of a real property option. The first is to include the item in an annual budget. The second is to request inclusion of the item in the City's Capital Improvement Program. Land acquisitions are typically included in the CIP. Capitalization of the project may occur via fund balance saving, borrowing from utility enterprise funds and/or adding a line for property acquisition to Fund 150. 3. Market Studv for Downtown. As the EDA is aware, a Downtown Committee has been formed. To date the Downtown Committee has compiled reference tools/documents including but not limited to: · Mission statement and goals; · Pictorial directory of downtown properties; · Written inventory of downtown property dimensions, values, ownership, taxes, etc. · Individual surveys with property/business owners to determine actual sf of retail, office and residential space along with hours of operation, plans for saie/expansion/demolition, age of structure, interest in rehab, etc.; · Definitions of important terms; · Pictorial documentation and review of existing streetscape, buiiding design, architectural elements, signage, roof lines, etc. within the downtown; · Examination of downtown 'footprint' and appropriateness thereof; At the July 27'h meeting the Downtown Committee will receive a work plan prioritization questionnaire for completion and discussion at the August 24th meeting. One of the items included in the work plan is the potential to conduct a professional market survey to determine the estimated absorption rates for commercial retail, office and residentiai facilities in the downtown. MDG, Inc. estimates the study by a professional agency would cost approximately $5,000 to $7,500, . Attached is a worksheet illustrating preliminary budgets for the following funds: 1. The EDA is a separate,entity with a separate Fund (Fund 150). 2. Tax Increment revenues and expenditures for TIF 1-3 (Borgert Products) - Fund 155 3. Tax Increment revenues and expenditures for TIF 1-4 (Vicwest Steel/St. Joe Dev. LLC) Fund 156 4. Revolving Loan Fund - Fund 250 Please note the following changes: Fund 150: Operating Fund for the EDA: The 2006 budget is proposed to be increased from $44,000 in 2005 to $44,510 in 2005. The increases are proposed due to the inclusion of $8,000 for membership to the Partnership (dues increase by $500 in 2006). Fund 155: TIF Fund for 1·3: The anticipated revenues and expenses were increased to refiect market value increases and therefore TIF revenue increases in 2005. The City, via deveiopment agreement, is required to reimburse the developer 95% of the increment received. Fund 156: TIF Fund 1-4: The anticipated revenues and expenditures are based on estimates. Actual numbers will be received in July, 2005, . . Fund 250: Revolving Loan Fund. The projected revenue for the revolving loan fund in 2005 is based on the amortization schedule for the Vicwest equipment loan. No expenses or loans have been budgeted as the fund currently (end of Juiy) has a balance of $18,563.76. The fund balance by the end of calendar year 2006 should be over $45,600. , . ! The budget adopted in December may be less than the preliminary budget. It may not be higher. , I I Action: The EDA is asked to recommend a preliminary budget for 2006 for City Council con motion is in order. . . ideration. A Job ð\L-nm",,-¡e& .pag~ Í. or 1 Job Summaries Community I Economic Development Director Responsible for planning, recruiting and preparation of economic packages for conununity development program. Work includes preparation of projects, financial planning or economic development; using all economic tools, community development/grant, tax increment financing, and other fede.-alfstate economic assistance. Ability to work with private developers to negotiate publiciprivate partnerships. Ability to integrate municipal planning with economic deveiopmem. . Close I © 2004 The Watem Consulting Group, Inc. http://wv.TW.slli-veynavigator.com/lmc/survey í sal",,-ies/joDSUIlli'TIarÌes.asp? Job Tit!:;= JF 7/27/2005 . . . . . gala...-ries lJ. .6 -; p---, J¡.ag",. l. 0....] Sho~di~d~ lLidé Hªº-~I Salaries We have compared the salary entered for each Job Title selected utilizing the location matching the criteria indicated, For multi-job search resu~s, click on a Job Title to jump directly to the search results for that Job Title. Job Title(s) selected Community I Economic Development Click on Title to View Director Effective Date Jul-2005 Output Sorted by City Name Region(s) selected All regions City Size(s) selected All city sizes City(s) selected - Show resutts Annual Format Your search has returned 39 records. . http:/íW'oNw.su..rveynavigator .com1lmcísmvey ísalariesísalaryresultsjJf.asp ?showfiltel -li lie... 7/2 7/2005 ..." c. " Salaries Page 2 of3 . Community I Economic Development Director . Responsibie for planning, recruiting and preparation of economic packages for community àevelopment program. Work includ¡ economic deveiopment; using all economic tools. communily development/grant. 1m< increment m.a!1Cd1Q. andotherfederal/s f developers to negofia1e publiclpriva1e partnerships. Ability to integrate municipal planning with economic development Search Results for Community I Economic Development Director. No comparison salary provided. Municipality Population Region City's Job Title # Range Range Actual Actua! Actual Hro! Emps Minimum Maximum Low High Average Vlieek Community Adñan 1.234 Southeast Development 1 31.408.00 45,864.00 36.046.00 36.046.00 36.046.00 Director Community Becker 3,395 Southwest Development 1 42,399.00 63.578.00 55.819.00 55,819.00 55,819.00 Director Community & Blue Earth 3,542 Central Economic 1 36,283.00 47,741.00 47,741.00 47.741.00 47,741.00 40 Development Director Community Cambridge 6,306 Southwest Development 1 60.387.00 77,967.00 77,967.00 77.967.00 77.967,00 40 Director Planning and Chatfield 2,444 Central Development 1 84,982,560.00 109,757,400.00 42.286.40 42286.40 42.286.40 41J Director Community Detroit Lakes 7,719 Northwest Development 1 43,472.00 55,036.80 55.036.80 55,036.80 55,036.80 40 Director Director, Duluth 86,082 Northeast Planning & 1 66,288.00 100,380.00 85,788.00 85.788.00 85.788.00 Development Economic East Grand Developmet Forks 7,616 Northwest and Housing 1 0.00 62,171.00 62.171.00 62.171.00 62.171.00 Authority Director Elbow lake 1,272 Southwest city planner 1 18,000.00 18.000.00 18.000.00 Director of Elk River 18,758 Southwest Economic 1 54,29422 71,447.50 71.447.50 71.447.50 71,447.50 Development Fairmont 10,778 Southeast AsstCity 1 56.65920 70.824.00 70,824.00 70.824.00 70.824.00 41J Administrator Community Fergus Falls 13,782 Southwest Development 1 51,771.20 72,508.80 72,508.80 72,508.80 72.508.80 41J Director Hutchinson 13,545 Southwest EDA Executive 1 56,507.00 77,696,00 64,983.00 64.983.00 64,983.00 Director Jackson 3,481 Southeast 1 38.188.80 56,513.60 45.760.00 45,760.00 45.760.00 40 Janesville 2,123 Central City Planner! 1 36.48320 47,361.60 36.48320 38,48320 36.48320 40 EOA Director Le Center 2.352 Southeast E.OA Director 1 35.13120 35,13120 35,13120 40 Madelia 2,320 Southwest 1 50,000.00 50.000.00 50.000.00 41J Community Mankato 33,844 Central Development 1 75,462.40 89,83520 83.200.00 83.200.00 83.200.00 40 Director Community Melrose 3,177 Southwest Development 1 37,809.00 51,094.00 51,094.00 51.094.00 51.094.00 Director http://v,rv>!v<'".Sllrýeyrréf';,r]gator .Comf'illlC/SU.IVey !sal&;~shx:Ù&07eS'1~ lts Df.fbT?sh0Virfilæ~ -..,¡: d:::~.~ 7/27i-'20f}S . . ~ Sala..;es , I ;1::J>Qae'~' 1. 0+' ':'; -!l- .....0. _, .10._' MunicipaBty Population Region City's Job TitJe # Range Range Actual Actual Actual I Emps Minimum Maximum Low High Av:erage V · , Montevideo 5,448 Southeast 46,262.00 46,262.00 46,262.00 Director ~ Community I Moorhead 32,720 Northwest 61,870.00 81,292.00 81,292.00 81,292.00 81,292.00 Development & EDA I Community ! Mountain Economic , Lake 2,103 Southeast Development Director 36,000.00 36.000.00 36,000.00 Community Northfleld 18,256 Southwest Development Director 65,355.00 92,345.00 90,033.00 90,033.00 00.033.00 Community Owatonna 23,379 Central Development Director 66,107.00 80,798.00 73,453.00 73,453.00 73,453.00 I Econonmic Perham 2.688 Southwest Devleopment Dtreètor 36.649.60 48,734.40 39,291.20 39,291,20 39,291.20 Red Wing 16,191 Central Planning Director 49,129.60 69,222.40 67.225.60 67,225.60 67,225.60 Community Roseau 2,775 Northwest Development 44,196.00 62,460.00 57,132.00 57,132.00 57;132.00 Coordinator , , , Community/Economic I Sartell 11,563 Southwest Dev Director 49,350.00 71,200.00 58,000.00 58,000.00 58,000.00 I Community! Economic Sleepy Eye 3,608 Southeast Development Director 45.000.00 55,000.00 52,000.00 52,000.00 52,000.00 CommunityÆconomic · St. James 4.651 Southeast Development Director 41,272.00 50,317.00 48.056.00 48,056.00 48.056.00 I St. Michael 12,343 Southwest Comm; Development 62,982.00 77.730.00 78,088.00 78,088.00 78,088.00 Director I community St.Peter 10.210 Central development director 53,227.20 53,227.20 53.22720 Thief River Community Falls 8,488 Northwest Development Director 1 58,979.00 58,980.00 58,980.00 58,980.00 58,980.00 Community , Tracy 2,213 Southeast Development Director 30,971.20 40,747.20 37,481.60 37,481.60 37,481.60 Community I Wells 2,543 Southwest Development Director 33,280.00 33,280.00 33,280.00 Planning & I , wtllmar 18,597 Southwest Development Director 1 62,878.40 81,681.60 77,542.40 77,542.40 77,542.40 Economic \Modom 4,513 Southeast Development Director 51,272.00 86,684.80 66,684.80 66.684.80 66,884.80 Director of Economic , Winona 27,018 Central Development 88,739.00 68,739.00 6p39.00 , Economic I \Ninthrop 1.359 Southwest Development Director 33,608.00 33,608.00 3:\.808.00 . Un-aged $2,879,866.13 $3,722,820.38 $56,888.79 $56,888.79 $56,888.79 Average · Aged Average $57,282.81 , I I http://WVlrv>.·.s1L.'"Veynavigator.comlimc!S1L.'"Vey Isa!arìes/sa!<h"}-results yf.asp ?shm.'.'filte, -ÍJ. a:õ... 7127/2005 . . . . CiTY OF ST JOSEPH 07111/054:12 PM Page 1 2006 Proposed EOA Budget Draft 1 . 2005 2005 OBJ OBJ Descr 2003 Am! 2004 Am! YTD Am! Adopted Underline FUND 150 Economic Development DEPART 46500 Economic Development Authority "Ion_no 103 Legislative Bodies $700.00 $300.00 $0.00 . $700.00 151 Workers Compo Insur. Premo $70.00 i $102.00 $0.00 $100.00 1/'>(")· C>D-* 200 Office Supplies $139.32 $330.11 $30.67 $500.00 ~t'lO~OO 300 Professional Services $46,430.44 $23,878.35 $10,496.53 $27,000.00 ;¡ ') f><"þ(') . DO 303 Engineering Fee $0.00 $5,309.67 $19.50 $4,000.00 £.(ôoO . DO 304 Legal Fees $0.00 $0.00 $0.00 $1,000.00 I·OðD. o¡) > 321 Telephone $766.18 . $410.78 $166.12 $1,200.00 f. LOO· CL"1 '322 Postage $112,00 $102.00 $104.49 $200.00 1,on. 00 331 Travel & Conference Expense $0.00 $0.00 $ODO $500.00 ":,OL?· "'D 340 Advertising $0.00 $0,00 $0.00 $1,000.00 f ,..,(')().é)?1 *- 433 Dues.& Subscriptions $0.00 $0,00 $7,500.00 $7,500.00 .51 000 .00 Computer Software $0.00 $0.00 $0.00 $300.00 , ::)00- aD 582 DEPART 46500 Economic Development A $50,237.94 $30,433.11 $16,321.51 $44,000.00 '-I ,?~O.Oð FUND 150 Economic Development $50,237.94 $30,433.11 $16,321.51 $44,000.00 FUND 155 TIF 1·3 Borgert (SKN) DEPART 46500 Econom ic Development Authority q :;:':;,0(:' 300 Professional Services $510,00 $130.00 $0.00 $935.00 340 Advertising $19.43 $73.43 $0.00 $50.00 -....., "',..""', ,'->1'" .. .~ Debt Service - Principal $4.971.94 $3,734.36 $0.00 $6,097.62 " :; Cr ,'_1'2... 'r" Bond Interest $11,920.00 $5.625.92 $0.00 $10,622.94 1t.:, 'ojf:;", I '-j DEPART 4ô500Economic Development A $17,421.37 $9.563.71 $0.00 $19.705.5ô , 9 I -)f'~ ,.::;{-; FUND 155 TIF 1·3 Borgert(SKN) $17,421.37 $9,563.71 $0.00 $19,705.56 FUND 156 TlF 1-4 St. Joe Development DEPART 46500 Economic Development Authorìty 300 Professional Services $640.00 $130.00 $0.00 $4,900.00 '""' v.ch,OlY I 304 Legal Fees $0.00 $0.00 $0.00 $0,00 - 340 Advertising $19.42 $0.00 $0.00 $50.00 iSQ.on 600 Debt. Service - Principal $0.00 $42,582.74 $0.00 $28,199.00 I~, :; I~, 92- 611 Bond Interest $0.00 $0.00 SO.OO $21,3B1.00 ~-H~ . ="z..;",.'Z.K' , DEPART 46500 Economic Development A $659.42 $42,712.74 SO.OO $54,530.00 1 1,E,9. It) FUND 156TiF 1-4 51. Joe Development $659.42 $42,712.74 SO.OO $54,530.00 I I FUND 250 Revolving Loan Fund DEPART 46500 Economic Development Authority ,.-G-- 304 Legal Fees $285.50 $0.00 $0.00 $0.00 $6B,604.23 $62,709.56 $16,321.51 $116,235.56 . t\.!I',L.ß'¡ 1\1,-, " ,. ;, r" .. (¡' t::7c:.~ \ , ~cJ (;" ti-{'__ k '\ t 200 Ie . F: .1 ~-~ICl. , . .7 ~C~ -- . / -?j C, (:.... L... \ .. / e:.: ~ 8, S5'5.'16 ).. == .p'71~. 1'1 ---' ~ f ?:,i' '~$""'F!{C;7 l, 1- - . ~ I'=:; I ¡ø-, .--- . . . . . . Administrdtor Judy Weyrens Mayor Richdrd C,rlbom Councilors AI Rdssier Ross Rieke Renee Symonietz Dole Wick . . CITY Of ST. JOSEPH www.cityofstjoseph.com DATE: July 27, 2005 MEMO TO: ·st. Joseph Economic Development Authority FROM: Joanne Foust &'Cynthia Smith-Strack, Municipal Development Group RE: EDA Participation in Financing - Land Acquisition for Water Treatment Faci'l ty , Background . I As you may be aware, to continue to provide opportunities for commercial/industrial deyelopment and the development of residential units to support commercial expansion the City needs to increase its capacity to treat drinking water prior to supplying it to the community. ' The City has planned and budgeted for the capital expense associated with the water Itreatment facility. The City has also chosen a site for the water treatment plant. The site is south of .1-94. The property owner is willing to sell the parcel to the City but has indicated a need for the City to purchase the property over a ten-year term. The maximum term the City can enter into a contract for land purchase is five years. The City wishes to provide work with the property owner toward a ten year term. To those ends, the City is requesting EDA input on the possibility of a lease: purchase revenue bond issuance to allow the City to purchase the site but make payments to the property owner over a ten year term. City Administrator Weyrens will be present to share additional information with the EDA. Action Discussion and direction is requested. '-, College Nor t h . P 0 ß ox b b 8 . S din t. J 0 5 e ph. M inn e sot à \' b I7 4 Ave n u e L1 h n" fó ;" , ,,' C"', I: 1 7 t:"7 "-., - ,- - . . . . . . Administrðtor Judy Weyrens Moyer Richord Corlbom c,unci\ors AI Rossier Ross Rieke Renee Symonietz Dðle Wick . . CITY OF ST. JOSEPH www.cìtyofstjoseph.com DATE: July 27, 2005 MEMO TO: St. Joseph Economic Development Authority FROM: Joanne Foust & Cynthia Smith-Strack, Municipal Deveiopment Group RE: Vision for Stadium Viliage Development Background As you are aware the City has received conceptual pians for a 3,700 seat ball park proposed for a parcel adjacent to 20th Avenue. The total site is comprised of approximately 33 acres. The site is proposed to be split with approximately nine acres directly south of CSAH 75 developed as a commercial center to be called "Stadium Viliage." I The property owners are interested in EDA input regarding potential uses for the nine acres within 'Stadium Village." A copy of the concept plan wili be available to reference at the August 3" meeting. 2, College Avenue North' PO Bo 668' Sðint. Joseph, Minnesotd ,6, 4 Dr. ::-~ r ~> " - -:,[ -. C" L: . . . .