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HomeMy WebLinkAbout2006 [04] Apr 19 Administrdtor Judy Weyrens MdYor Richdrd CArlbom Councilors, AI Rdssier Ross Rieke Renee Symdnietz Ddle Wick CITY Of ST. JOSEPH www.cityofstjoseph.com St. Joseph Economic Development Authority Meeting Notice VVednesday,ApriI19,2006 3:00 p.m. City Hall 1. Call to Order. 2. Approval of Agenda. 3. Approval of Minutes. a. March 15, 2006. 4. Financial Report. a. Approval of Accounts Payable. b. Financial Report 5. Business. a. Release from Lease: EDAlCity for City Hall b. Technical Inventory: CSAH 75 First Tier Development c. Zoning Ordinance Input: CBD Signs; 20th Avenue Corridor 6. Director Report. a. Prospect List/Activity Report. 7. Board Member Announcements. 8. Adjournment. 2.)" College Avenue North, PO Box 66s . Sdint. Joseph, Minnesotd )"6,74 Phone ,2.0 ,6,.72.01 FdX ,2.0.,6,.0,42. THIS PAGE INTENTIONAllY LEFT BLANK CITY OF ST. JOSEPH ECONOMIC DEVELOPMENT AUTHORITY Meeting Minutes - Wednesday, March 15, 2006 Present: EDA Board Members Ross Rieke, Richard Carlbom, Carolyn Yaggie-Heinen, Ken Jacobson and Tom Skahen. Absent: None. Also present: Cynthia Smith-Strack of Municipal Development Group. Chairperson Rieke called the March 15, 2006 meeting of the St. Joseph EDA to order at 3:03 p.m. Oath of Office. Rieke introduced Carolyn Yaggie-Heinen to the EDA Board and thanked her for her interest in serving on the EDA. Strack administrated the oath of office. EDABoard Members congratulated the newest member of the EDA. Agenda. Chairperson Rieke introduced the agenda. Moved by Carlbom seconded by Skahen to approve the agenda aspresented. Motion carried 5-0. Approval of Minutes. EDA Chairperson Rieke noted the minutes from the February 15, 2006 meeting were included in the packet. Motion by Skahen, seconded by Jacobson to approve the February 15, 2006 reguJar EDA minutes as presented. Motion camed 5-0. EDA Accounts Payable. Rieke introduced the topic. Strack noted accounts payable for the month included invoice for contract services in the amount of $2,014.02. Motion byCarlbom, second by Jacobson to approve EDA accounts payable for the month of Febru~ry 2006 in the amount of $2, 014. 02. Motion carried 5-0. Financial Report. Rieke introduced the agenda item. Strack noted the February financial reports were contained in the packet. Reports presented included: revenue, expense, check register and fund balance. Motion by Carlbom,second by Skahen to approve the February financial reports. Motion camed 5-0. CSAH 75 Corridor in Vicinity of College Avenue Rieke introduced the agenda item. i I At the JaniJary EDA meeting the Board directed MDG, Inc. to bring information to the February meeting regarding lurrent zoning and existing land use in the CSAH 75 corridor in the vicinity of C. ollege Avenue. The agen.r item was tabled at the February meeting and carried over to the March meeting. Strack noted that permitted and special uses within the B-2 District allow for a diverse mix of retail and service establishments but do not allow residential uses as the corridor is in transition from primarily residentiallto primarily business. It is the goal of the City to develop a continues pattern of complimentary land uses adjacent to the corridor that are dependent on high volumes of vehicular traffic and ()f an EDA Minutes - March 15, 2006 Page 1 ,~ -S J intensity that's compatible with close proximity to an arterial roadway. The EDA was discussing the corridor so as to entertain discussion related to the unique challenges/opportunities presented to development/redevelopment projects in the corridor. Strack noted some items to consider included: (1) level of financial assistance offered to establishments conducting redevelopment efforts of a sizable scale; (2) participation by the EDA in master planning the corridor and/or (3) participation by EDA in securing first right of refusals for individual properties as a means of assisting with the combining of smaller lots into one larger lot more conducive to commercial development. The EDA discussed CSAH 75 development constraints and noted access, the number of property owners, lack of second tier development, haphazard uses and zoning contributed to difficulty in redeveloping the CSAH 75 corridor in the vicinity of College Avenue. EDA Board Members then focused discussion on what may/may not be appropriate levels of participation in spurring redevelopment in the CSAH 75 corridor between First Avenue NW and First Avenue NE. The EDA discussed first right of refusals, purchase options, alteration of design/aesthetic standards set forth within the zoning ordinance, the development of a group similar to the Downtown Committee and producing a master redevelopment plan for the area. Additional discussion occurred regarding the appropriate areas to study initially and how that area was inter-related to the Central Business District. The EDA reached consensus in requesting additional technical information on the properties in the corridor be assembled for review at the next EDA meeting. Director's Report. Rieke introduced the topic. Strack noted the Director's Report was included in the packet. Board Member Announcements. EDA Board Member Rieke reported on the S1. Cloud Area Economic Development Partnership meeting held earlier in the day. Strack reported on a lunch meeting held with the industrial property owners within the Buettner Business Park. A variety of issues were discussed and the results of the meeting indicated another meeting was in order as was the amendment of the covenants. The covenants are to be amended to require lessee's to comply with covenants. Jerry Hettwer of Hettwer Real Estate Services offered to distribute the document for signatures/notarization. Rieke stated he had an opportunity to meet with the owner of the Meeting Grounds (tenant in the business park) pursuant to discussion at the lunch meeting. Adjournment Motion by Skahen, seconded by Jacobson to adjourn. Motion carried 5:0. Meeting adjourned at 4:28 p.m. EDA Minutes - March 15, 2006 Lf Page 2 Administrator Judy Weyrens , Mayor Richard Carlbom Councilors AI Rassier Ross Rieke Renee Symanietz Dale Wick www.cityofstjoseph.com CITY Of ST. JOSEPH DATE: MEMO TO: April 12,2006 S1. Joseph Economic Development Authority FROM: Joanne Foust & Cynthia Smith-Strack, Municipal Development Group RE: Accounts Payable - March 2006 March Financial Reports A. Accounts Payable: Following are Accounts Payable for the EDA's Consideration. Payable To MDG, Inc. Total For Fund March Econ. Dev. Service 150-46500~300 Amount $ 2,236.08 $ 2,236.08 Action: A MOTION is in order to approve the Accounts Payable. B. Financial Report: March 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 I MOTION is in order to approve the financial reports. 2. S' Coil e g e A v e n u e Nor t h . P 0 Box 6 6 8 . Sa i n t . Jose ph, M inn e sot d S' 6 , 7 4 Phone ,2.0.,6,.]2.01 Fax )2.0.,6,.0,42. .. MUNICIPAL DEVELOPMENT GROUP, INC. 25562 WILLOW LANE NEW PRAGUE, MN 56071 952-758-7399 FAX: 952-758-3711 mdg@bevcomm.net INVOICE City of St. Joseph Attn: Judy Weyrens City Administrator PO 668 S1. Joseph, MN 56374 Invoice Date 04-01-06 ~ Payment Terms: 30 days I Customer 10 #: ST J06ED Project March Economic Development Services See attached detail $1,820.00 Monthly contract fee-35 hrs $ . 416.08 935 miles x .445 $2,236.08 Amount: Code to: 150-46500-300 for general EDA Municipal Development Group, Inc. 25562 Willow Lane New Prague, MN 56071 Remit To: Dates-EDA March 01, 2006 EDA Office Hours March 8, 2006 EDA Office Hours March 15, 2006 EDA Office Hours & EDA Mtg March 22, 2006 EDA Office Hours & DT Mtg. March 29,2006 EDA Office Hours Total March, 2006 7.25 hrs. C. Strack 8.00 hrs C. Strack 8.00 hrs. C. Strack 8.50 hrs. C. Strack 7.00 hrs. C. Strack 38.75 hours Total MDG, Inc. 2006 Hours through March, 2006 = 100.75 Thank you! We appreciated the opportunity to work with you! I Check No. Date: Principal I l::' City of St. Joseph EDA Report March 31, 2006 2006 YTD March 2006 Account Descr Budget 2006 Amt YTD Amt Balance FUND 150 Economic Development E 150-46500-103 Legislative Bodies $700.00 $0.00 $0.00 $700.00 E 150-46500-151 Workers Compo $100.00 $0.00 $0.00 $100.00 E 150-46500-200 Office Supplies $500.00 $0.00 $0.00 $500.00 'E 150-46500-300 Professional $28,000.00 $2,014.02 $7,180.18 $20,819.82 E 150-46500-303 Engineering Fee $4,000.00 $0.00 $0.00 $4,000.00 E 150-46500-304 Legal Fees $1,000.00 $0.00 $0.00 $1,000.00 E 150-46500-321 Telephone $1,200.00 $41.00 $122.23 $1,077.77 E 150-46500-322 Postage $200.00 $0.00 $20.50 . $179.50 E 150-46500-327 Tax Increment $0.00 $0.00 $0.00 $0.00 E150-46500-331 Travel & $500.00 $73.77 $73.77 $426.23 E 150-46500-340 Advertising $1,000.00 $0.00 $0.00 $1,000.00 E 150-46500-433 Dues & $0.00 $0.00 $8,000.00 -$8,000.00 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 FL!ND 150 Economic Development $37,500.00 $2,128.79 $15,396.68 $22,103.32 FUND 155 T1F 1-3 Borgert (SKN) E 155-46500-300 Professional $233.75 $0.00 $500.00 -$266.25 E 155-46500-327 Tax Increment $0.00 $0.00 $0.00 $0.00 E 155-46500-340 Advertising $12.50 $0.00 $0.00 $12.50 E 155-46500-600 Debt Service - $2,076.86 $0.00 $0.00 $2,076.86 E 155-46500-611 Bond Interest $2,603.29 $0.00 $0.00 $2,603.29 E 155-46500-620 Agent Fees $0.00 $0.00 $0.00 $0.00 FUND 155 TIF 1-3 Borgert (SKN) $4,926.39 $0.00 $500.00 . $4,426.39 FUND 156 TIF 1-4 SI. Joe Development E 156-46500-300 Professional $1,816.50 $0.00 $500.00 $1,316.50 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 - $4,829.96 $0.00 $0.00 $4,829.96 E 156-46500-611 Bond Interest $11,630.82 $0.00 $0.00 $11 ;630.82 E 156-46500-620 Agent Fees $0.00 $0.00 $0.00 $0.00 FUND 156 TIF 1-4 SI. Joe Development $18,327.28 $0.00 $500.00 $17,827.28 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 $60,753.66 $2,128.79 $16,396.68 $44,356.98 7 City of St. Joseph EDA Revenues March 31, 2006 YTD % SOURCE SOURCE Descr Budget Rev Revenue Balance of Budget FUND 150 Economic Development 36210 Interest Earnings $0.00 $0.00 $0.00 0.00% 39201 Transfers from Other $37,500.00 $0.00 $37,500.00 0.00% FUND 150 Economic Development $37,500.00 $0.00 $37,500.00 0.00% FUND 155 TIF 1-3 Borgert (SKN) 31050 Tax Increment $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 250 Revolving Loan Fund 36210 Interest Earnings $0.00 $97.74 -$97.74 0.00% 36212 CDAP Loan Interest $0.00 $213.46 -$213.46 0.00% 39312 CDAP Loan Proceeds $0.00 $2,107.02 -$2,107.02 0.00% FUND 250 Revolving Loan Fund $0.00 $2,418.22 -$2,418.22 0.00% $37,500.00 $2,418.22 $35,081.78 6.45% rJ '"'i, \...1 City of St. Joseph EDA Expenditures March 31, 2006 YTD % OBJ OBJ Descr 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 Workers.Comp. Insur. Premo $100.00 $0.00 $100.00 0.00% 200 Office Supplies $500.00 $0.00 $500.00 0.00% 300 Professional Services $28,000.00 $7,180.18 $20,819.82 25.64% 303 Engineering Fee $4,000.00 $0.00 $4,000.00 0.00% 304 Legal Fees $1,000.00 $0.00 $1,000.00 0.00% 321 Telephone $1,200.00 $122.23 $1,077.77 10.19% 322 Postage $200.00 $20.50 $179.50 10.25% 327 Tax increment Certification $0.00 $0.00 $0.00 0.00% 331 Travel & Conference Expense $500.00 $73.77 $426.23 14.75% 340 Advertising $1,000.00 $0.00 $1,000.00 0.00% 433 Dues & Subscriptions $0.00 $8,000.00 -$8,000.00 0.00% 510 Land $0.00 $0.00 $0.00 0.00% 582 Computer Software $300.00 $0.00 $300.00 0.00% 587 Special Projects $0.00 $0.00 $0.00 0.00% 700 Mise $0.00 $0.00 $0.00 0.00% DEPART 46500 Economic Development $37,500.00 $15,396.68 $22,103.32 41.06% FUND 150 Economic Development $37,500.00 $15,396.68 $22,103.32 41.06% FUND 155 TIF 1-3 Borgert (SKN) DEPART 46500 Economic Development Authority 300 Professional Services $935.00 $500.00 -$266.25 128.48% 327 Tax Increment Certification $0.00 $0.00 $0.00 0.00% 340 Advertising $50.00 $0.00 $12.50 75.00% 600 Debt Service - Principal $8,307.42 $0.00 $2,076.86 75.00% 611 Bond Interest $10,413.14 $0.00 $2,603.29 75.00% 620 Agent Fees $0.00 $0.00 $0.00 0.00% DEPART 46500 Economic Development $19,705.56 $500.00 $4,426.39 77.54% DEPART 49301 Transfer to other Funds 700 Misc $0.00 $0.00 $0.00 0.00% FUND 155 TIF 1-3 Borgert (SKN) $19,705.56 $500.00 $4,426.39 77.54% FUND 156 TIF 1-4 St. Joe Development DEPART 46500 Economic Development Authority . 300 Professional Services $7,266.00 $500.00 $1,316.50 81.88% 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 $50.00 $0.00 $50.00 0.00% 600 Debt Service - Principal $19,319.82 $0.00 $4,829.96 75.00% 611 Bond Interest $46,523.28 $0.00 $11,630.82 75.00% 620 AgentF1es $0.00 $0.00 $0.00 0.00% DEPART 46500 Economic Development $73,159.10 $500.00 $17,827.28 75.63% FUND 156 TIF 1-4 St. Joe Delelopment $73,159.10 $500.00 $17,827.28 75.63% FUND 250 Revolving Loan FJnd DEPART 46500 Economic Development Authority 304 LegalF~eS $0.00 $0.00 $0.00 0.00% 490 Revolving Loan $0.00 $0.00 $0.00 0.00% DEPART 46500 Economic Development $0.00 $0.00 $0.00 0.00% I FUND 250 Revolving Loan Fund $0.00 $0.00 $0.00 0.00% $130,364.66 $16,396.68 $44,356.98 65.97% 11\ 1 \ -------- City of St. Joseph EDA Check Register March 31, 2006 CHECK # Search Name Comments FUND DEPART Amount 036980 A-1 TOILET RENTAL portable rental - 205 45203 $74.55 036980 A-1 TOILET RENTAL portable rental - 205 45203 $74.55 037012 MUNICIPAL DEVELOPMENT CORP eda contract 150 46500 $2,014.02 037026 TOS METROCOM telephone 150 46500 $41.00 037046 A-1 TOILET RENTAL Memorial 205 45203 $74.55 037046 A-1 TOILET RENTAL Northland 205 45203 $74.55 037052 BO DIDDLEY'S meeting at city hall 150 46500 $73.77 037093 SEH Centennial Park 205 45203 $945.00 037093 SEH Parks & Trails 205 45203 $50.40 $3,422.39 ~. MUNICIPAL DEVELOPMENT GROUP, INC. DATE: April 12,2006 MEMO TO: Economic Development Authority FROM: RE: Cynthia Smith-Strack Municipal DevelopmentGroup Termination of Lease: EDA (Lessor) City (Lessee) Background: The S1. Joseph Economic Development Authority issued a series of lease revenue bonds to purchase the City Hall (former bank) at 25 College Avenue North. Annual payments for the revenue bond was covered through a lease payment to the EDA from the City. The revenue bond was paid off as part of refunding bond issuance in 2004. During the 2005 audit (conducted in March) a finding was made noting the lease agreement between the EDA and the City relative to the initial revenue bond issuance was not formally terminated. Since the EDA was a party to the lease, official authorization/direction to execute the release agreement. Action: Following review/discussion a MOTION to authorize and direct the EDA President and Secretary to execute the release from lease and option agreement is in order. . r ~ ~ i I RELEASE FROM LEASE AND OPTION AGREEMENT Date: , 2006 FOR V ALUABLE CONSIDERATION, the Lease and Option Agreement, relating to the real property in Steams County, Minnesota that is generally described as an approximately 13,000 square foot City Hall and legally described as follows: Lots numbered four (4), five (5) and the southerly two-thirds oflots numbered six (6) in block numbered nine (9) in the Townsite (now Village) of St. Joseph, according to the plat and survey thereof on file and of record in the office of the register of deeds in and for Steams County, Minnesota, which Agreement is dated June 1, 2000 and is between the S1. Joseph Economic Development Authority, as Lessor, and the City of S1. Joseph, as Lessee, and filed for record August 14, 2000, as Document Number 945061, in the Office of the County Recorder of Stearns County, Minnesota, is hereby TERMINATED. ''/ j (.,/-' IN WITNESS WHEREOF, this Release has been executed by Landlord and Tenant as of the date and year first above-mentioned. ST. JOSEPH ECONOMIC DEVELOPMENT AUTHORITY, MINNESOTA By Ross Rieke, President By Tom Skahen, Secretary STATE OF MlNNESOTA ) ) ss. COUNTY OF STEARNS ) The foregoing instrument was acknowledged before me this _day of 2006, by Ross Rieke, the President and by Tom Skahen, the Secretary of the St. Joseph Economic Development Authority, a Minnesota municipal corporation and political subdivision, on behalf of the S1. Joseph Economic Development Authority. . . SIGNATURE OF PERSON TAKING ACKNOWLEDGMENT NOTARIAL STAMP OR SEAL (OR OTHER TITLE OR RANK) 2 '? <--, CITY OF ST. JOSEPH, MINNESOTA By Richard F. Carlbom, Mayor By Judy Weyrens, Administrator-Clerk STATE OF MINNESOTA ) ) ss. COUNTY OF STEARNS ) The foregoing instrument was acknowledged before me this _day of 2006, by Richard F. Carlbom, the Mayor and by Judy Weyrens, the Administrator-Clerk of the City of St. Joseph, Minnesota, a municipal corporation, on behalf of the City of St. Joseph. NOTARIAL STAMP OR SEAL (OR OTHER TITLE OR RANK) SIGNATURE OF PERSON TAKING ACKNOWLEDGMENT THIS INSTRUMENT WAS DRAFTED BY: Susan M. Dege - 0290385 Rajkowski Hansmeier Ltd. 11 Seventh Avenue North P.O. Box 1433 St. Cloud, MN 56302 Telephone: (320) 251-1055 3 tJ- [-I DATE: MEMO TO: FROM: RE: Background: ~. MUNI,CIPAL DEVELOPMENT GROUP, INC. April 12, 2006 Economic Development Authority Cynthia Smith-Strack Municipal Development Group Technical Inventory: CSAH 75 Staff has created the attached technical inventory for the first tier of lots within the CSAH 75 corridor between 1st Street NW to 3rd Street NE. The information is for your review and reference prior to the meeting. ST. JOSEPH TECHNICAL INVENTORY CSAH 75 CORRDOR: 1ST STREET NW TO 3RD STREET NE FIRST TIER OF LOTS CSAH 75 in St. Joseoh. . CSAH 75 is classified as a "Principal Arterial" roadway as it passes through the City of St. Jos~ph. The Principai Arterial classification means the primary function of the roadway is one of mobility as opposed to access. Controlled access points may be minimized in an attempt to promote the movement of through traffic. Therefore, frontage/backage roads are essential mechanisms providing convenient access to local business establishments. 2003 traffic estimates indicate CSAH 75 carries approximately 15,100 vehicle trips per day west of College Avenue and 22,500 vehicle trips per day east of College Avenue. In comparison, 1-94 carries approximately 21,800 trips per day west of CSAH2 and 25,000 trips per day east of CSAH2. High volumes of traffic carried by CSAH 75 through the City are not compatible with lower intensity land uses (e.g. Single Family Residential) due to the noise, activity and light generated by vehicles. Therefore, the City has guided first tier development adjacent to CSAH 75 for Highway Commercial development. The 2002 Comprehensive Plan narrative included the following goals/recommendations applicable to the CSAH 75 corridor: 1. The City should protect the integrity of CSAH 75 as a mobility corridor. The City should examine the possibility of establishing a frontage road system both north and south of CSAH 75, where possible. 2. To promote the integrity of developments and retain existing property values in the CSAH 75 and CSAH 2 corridors the City should establish design requirements for commercial and industrial development. 3. Economic development activity primarily highway business in nature is expected to continue in both the CSAH 2 and CSAH 75 corridors. Such growth will place additional emphasis on the need to provide adequate and effective access to/from both roadways. In the future, access management issues may be minimized by limiting the number of new intersections in developing areas. The objective of access spacing is management and maintenance of mobility during peak traffic periods. A balanced approach to access management is the key to providing mobility while not instituting barriers that force internal traffic to travel greater distances than necessary in order to move from one part of the city to another. CSAH 75 Corridor in St. JosePh. Increasingly . large volumes of traffic in the CSAH 75 corridor through St. Joseph have lead to the . development of commercial uses adjacent to the corridor. For the most part the commercial uses are of a nature that is highly dependent upon patronization by motorists as opposed to destination-oriented clientele. Commercial development within the CSAH 75 corridor has been occurring for quite a few years essentially radiating outward from the intersection of College Avenue (CSAH 2) and CSAH 75. Commercial development particularly between 1st Avenue NW and 3rd Avenue NE has occurred in a haphazard fashion with large variations in building styles, exterior material types, setbacks, access pattems and building placement on lots. The haphazard nature of development is further exacerbated by parcels that have not yet converted from residential uses to commercial uses and varying lot sizes. Throughout the study corridor infill/redevelopment needs are evident. I (j TechnicallnventolV. When examining a redevelopment corridor it is helpful to create an inventory of data applicable to individual parcels and the area in its entirety. To those ends following are: 1 . A map depicting the subject area. 2. A spreadsheet containing pertinent information regarding parcels in the subject area. 3. A pictorial directory of properties within the subject area. As indicated in the following attachments, there are 43 properties which abut CSAH 75 (or are within the first tier of development) between 1 st Avenue NW and 3(d Avenue NE. Of the 43 properties, a number are under unified ownership but not contiguous. Furthermore, several of the lots especially south of CSAH 75 have existing discrepancies between what they are zoned for, what they are actually used for and what they are guided toward for future use. For example, several lots within the southwester quadrant of the CSAH 75 and College Avenue intersection are guided and zoned for Central Business District (CBD) use. The CBD zoning corresponds with traditional downtown development which typically features humanscale design attributes such as the positioning of buildings forward on the lot (little to no front yard), zero side yard setbacks, historic architecture and lot coverage standards which permit most of the lot to be used for the building footprint. In addition, several former single-family homes have been purchased and are being used for student rental. Such uses commonly display lapses in property maintenance and such uses may be difficult to convert due to the economic benefit of renting versus costs associated with demolition/redevelopment. Commerci.al land prices may also impact development costs thus detracting from redevelopment potential. As indicated in the spreadsheet, the 43 properties contain a land mass of approximately 15 acres. The total estimated market value for the property as determined by the County Assessor is slightly more than $6 million dollars. Estimated land value for the subject property (taxes payable 2005) is approximately $2.20/square foot. The first tier development adjacent to CSAH 75 in the subject area generates approximately $149,000 in property taxes. The City share is only a portion of that amount. The pictorial inventory which follows is useful in comparing developments within the corridor and analyzing corridor attributes and opportunities. The initial three pages of the pictorial inventory are first tier properties south of CSAH 75 proceeding west to east from 1st Street NW to 3rd Street NE. The final three pages of the pictorial inventory are properties north of CSAH 75 proceeding west from 1 st Street NW to 3rd Street NE. Please review the inventory and note your perception of attributes and challenges within the corridor. Examples follow: Attributes . Condition of roadway. . Traffic mobility (at this point) appears to be sufficient. · Good visibility from principal arterial - desirable for highway commercial use. Challenges · The pictorial inventory reinforces the perception of development within the corridor as haphazard. · COl11mercial uses interspersed with residential uses. . Infill opportunities are not unified. . Partels vary greatly in size. I · Lac~ of continuous frontage/backage roads offering access to commercial development. . Aesthetics: inconsistent architectural styles, wide variety of building construction types/materials employed, non-uniform setbacks and limited landscaping. 7 Name" 45 " Parcels Selected CSAH 75 Study Area Address: 4/12/2006 Pin: tit Description: CSAH 75 C " omdor" 1 st A F"" ve NW to 3rd Irst Tier of Lots Ave NE '" \~, -' Name: No Parcels Selected CSAH 75 Study Area' Address: 4/12/2006 " Pin: tIt Description" CSAH . . 75 Corridor" 1" A . . ve NW to 3rd Index Map Ave NE IV , I "0 0 ..... 0 (0 (0 0 N N N ..... 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"r I I ~ I I r. i!~ <; '~-J ,~ L' :.tG . II,. .~t t. ..' \J\ N ~' ",' { (' '.. II t!.. I I I -- ~;. .If "~f'< .~ .' .~.. :k~ ..... ..:...::.::! l .~ ~ \. I! ~, -.t ,,~ <,l1li I;! ::i~ f,;.l .. ." .J) ',' t l ./ if t.....J;, t / ~/ ~. f~ .~ , I flJ:'~ ~ 4 'l1 , ...,1 ~'t. i ~ " . }., ~"f-'i{ ~, ,\ ~I 4 J~.i JI } . '- "j II --, I II I II I ~I I II il II \'- ~ 1 . I \ II h' I ~, ,1\' ~ I \ .. II --.J ,. I b \~ ~,I " 1-' I I> .1 ~. II '~ "; r t: I P! I lI' \1 l4 ; , '1 3\.\ . . ~ " ~ 1'6 1, '.. I ~ ., I 00 ~ (......-...} ~~., .....L. ~ . I 1 . I . I , I j EDA Considerations The EDA after viewing the attached data is asked to comment on the following: 1. Does the EDA wish to promote redevelopment within this corridor? 2. If so, how does this project rank in terms of priority for the EDA? 3. How involved does the EDA wish to be in the project in terms of staff time and budget allocation? 4. Next step. {~J THIS PAGE INTENTIONAllY lEFT BLANK '"2/-",_ ~jL.../ ~. MUNICIPAL DEVELOPMENT GROUP, INC. DATE: April 12, 2006 FROM: Economic Development Authority Cynthia Smith-Strack Municipal Development Group MEMO TO: RE: Zoning Ordinance Updates Background: The City and the Planning Commission are currently reviewing updates to certain sections of the City Code. As part of that process, the City is requesting EDA input on a few items: 1. Use standards within the B-3 Commercial District standards proposed to be applicable to the 20th Avenue corridor. 2. Signs: sandwich board signs within the B-1 Central Business District. 3. Signs: should corner lots be allowed to have more aggregate sign area? Sample language will be provided to the EDA at the April meeting. Action: Input and comment is requested. 3/ DATE: MEMO TO: FROM: RE: Background: a MUNICIPAL DEVELOPMENT GROUP. INC. April 12,2006 Economic Development Authority Cynthia Smith-Strack Municipal Development Group Director's Report. The Director's Report will be distributed prior to the EDA meeting. 2 --, ) / -,/~