HomeMy WebLinkAbout01.19.21St. Joseph Economic Development Authority
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January 19, 2021
12:00 PM
** The meeting will be conducted remotely via Zoom**
1.Call to order
2.Public Comments
3.Approve Agenda
4.Consent Agenda
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a.Minutes Requested Action:Approve the minutes of December 15, 2020, 2020.
b.Financial Report Requested Action: Accept the December 2020 Financial Reports
as presented.
5.CVBStrategic Plan Funding request
6.BR&E update
7.Business/Development Updates
8.Board Member Announcements
9.Adjourn
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Pursuant to due call and notice thereof, the St. Joseph Economic Development Authority met on
Tuesday, December15,2020at 12:00 PMvia Zoom Meeting.
Members Present:Board MembersRick Schultz,Larry Hosch, Dale Wick
Members Absent:Doug Danielson, Troy Goracke
City Representatives Present:City AdministratorTherese Haffner, Community Development Director
Nate Keller, Finance Director Lori Bartlett
Others Present:None
Schultz called the St. Joseph Economic DevelopmentAuthority meeting to order at12:00PM
Agenda Approval:Schultzmade a motion to approve the agendaaspresented;seconded by
Hoschand passed unanimously by those present.
Consent Agenda:Schultzmade a motion to approve the consent agenda as follows; seconded by
Hoschand passedunanimously by those present.
a.Minutes -Approvedthe minutes of November17, 2020.
b.Nov.Financial Report -Acceptedthe Nov.2020Financial Reportas presented.
New Business
a.Façade Architectural Design Grant
Keller provided an overview of a requestfor grant fundingfrom Shannon Wiger, College & Minnesota,
LLC for façade improvements to 11 College Ave. N. Wiger intends to restore original historic elements.
The grant would go toward a new steel craftsman door that would more closely resembleone fromthe
historic time periodof the building. Staff recommends approval of the grant in the amount of $1,000.
Wick made a motion to approve the façade grant for $1,000 to College & Minnesota for 11 College
Ave. N, seconded by Schulz and passed unanimously bythose present.
b.Emergency Loan RequestRomie Hospitality, LLC
Keller presented a loan request in the amount $75,000 by Dhaval Shah, Romie Hospitality LLC for
Rodeway Inn. The hospitality industry has been impacted by COVID 19. The applicant appliedfor the
loan to offset losses due to reductions in lodging stays. Keller shared the financial statements submitted
by the applicant, which showed a reduction in revenue starting in 2019 prior to COVID 19and continuing
to current.Bartlett suggested that may be because the City andStearns County did not have any road
projects in St. Joseph in 2019. Keller said that staff had concerns with issuing the loan, including the
amount, two year pay period, and lack of collateral. There was further discussion and concerns shared by
the Commission. Consensus was to wait until the anticipated stimulus relief package for businesses was
approved and releasedby the State of MN and Federal Government.
Schultzmade a motion to table the loan request, seconded by Wickandpassed unanimously by
those present.
c.2021 Business Retention & Expansion (BR & E)
Keller presented the proposed BR & E schedule for 2021 and asked for input. Consensus was to approve
as presented.
Adjourn:Schultz made a motion to adjournthemeetingat12:43PM, seconded by Wick and
passed unanimously by those present.
Therese Haffner
City Administrator
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EDAAgenda Item 4b
________________________
MEETING DATE:January 19, 2021
AGENDA ITEM:DecemberFinance Reports
SUBMITTED BY:Finance
BOARD/COMMISSION/COMMITTEE/COUNCILRECOMMENDATION:N/A
PREVIOUS EDAACTION:None
BACKGROUND INFORMATION:
Enclosed you will find the reconciled financial reports through December 31, 2020. The ending
undesignated balance shows a surplus of $106,395. The designated project balance is $22,044. Staff
will consider if any balance can be transferred to fund 250 in the Designated Economic Development
account for future EDA project spending. Audit entries will be recorded over the next couple months.
After all entries are in, working capital and designated balances will be determined. Note there was
some operational budget savings in 2020 due to the promotion of Therese and Nate not coming on
board until December.
The other funds reported include the TIF funds, Lodging Tax, DEED CDAP Grant reimbursement and the
Revolving Loan fund. There are three revolving loans to Krewe and Flour to Flower Bakery; St. Joseph
Food Co-Op; and Jupiter Moon Ice Cream. The current revolving loan fund balance is $199,516 at
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December 31, including $189,554 reserved balance from the EDA fund to be used for future economic
development projects; $9,962 The City
Council allowed Krewe to delay their RLF loan payments for three months due to the COVID-19
emergency declaration. These payments were added to the end of the loan.
TIF 3-1 for the Central MN Credit Union received the full TIF funding and was decertified. Excess TIF
proceeds were submitted to Stearns County for redistribution to all taxing jurisdictions. The City of St.
Joseph received $17,496 from the redistribution. The funds were placed in the EDA fund to pay the final
TIF reporting. Any remaining balances can be used by the EDA for any purpose.
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The Lodging Tax fund has a balance of $22,229 on December 31. A summary of their activity is
enclosed in this report. Lodging tax collections have been down significantly in 2020. Council agreed to
discontinue lodging tax from 12/1/20 through 4/31/2021 resulting in lower lodging taxes next year also.
The plan is to buy down the reserved balance to help businesses increase sales.
The 2018 Housing Rehab grant administered by Central MN Housing Partnership has a balance of
$65,136. CMHP stated they have an application pending. They are reaching out to the area for the
remaining grant funding.
BUDGET/FISCAL IMPACT:For Information Only
ATTACHMENTS:Request for EDAAction Finance Reports
EDA Financial Summary
3
EDA Balance Sheet
EDA Check Register
EDA Revenue Report
EDA Expenditure Report
EDA Summary CIP
CVB Financial Summary
REQUESTED BOARDACTION:Consider acceptanceof the Decemberfinancial reports.
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01/13/21 1:50 PM
City of St. Joseph
Page 1
EDA Balance Sheet
Current Period: December 2020
YTDYTDCurrent
FUND DescrAccount DescrBegin YrDebitCreditBalance
FUND 150 Economic Development
Economic DevelopmentG 150-10100 Cash$29,584.19$182,410.23$96,054.59$115,939.83
Economic DevelopmentG 150-10450 Interest Receivable$159.80$0.00$159.80$0.00
Economic DevelopmentG 150-10500 Accounts Receivable$0.00$0.00$0.00$0.00
Economic DevelopmentG 150-10700 Taxes Receivable - Delinquent$2,089.77$0.00$2,089.77$0.00
Economic DevelopmentG 150-13113 Due From other Gov t Units$5,589.13$0.00$5,589.13$0.00
Economic DevelopmentG 150-15500 Due From Other Fund$10,300.00$2,700.00$500.00$12,500.00
Economic DevelopmentG 150-20200 Accounts Payable-$4,727.88$4,727.88$0.00$0.00
Economic DevelopmentG 150-20201 Salaries Payable-$205.12$205.12$0.00$0.00
Economic DevelopmentG 150-22204 Deferred Inflow of Resources-$2,089.77$2,089.77$0.00$0.00
Economic DevelopmentG 150-24415 Design. Fd Bal - Operations$0.00$0.00$0.00$0.00
Economic DevelopmentG 150-25310 Unassigned Fund Balance-$40,700.12$99,103.52$186,843.23-$128,439.83
FUND 150 Economic Development$0.00$291,236.52$291,236.52$0.00
FUND 153 TIF 4-1 Fortitude Senior Apts
TIF 4-1 Fortitude SeniorG 153-10100 Cash$6,229.11$56,828.87$51,901.93$11,156.05
TIF 4-1 Fortitude SeniorG 153-10450 Interest Receivable$19.71$0.00$19.71$0.00
TIF 4-1 Fortitude SeniorG 153-10500 Accounts Receivable$0.00$0.00$0.00$0.00
TIF 4-1 Fortitude SeniorG 153-20200 Accounts Payable$0.00$0.00$0.00$0.00
TIF 4-1 Fortitude SeniorG 153-20500 Due To Other Fund$0.00$0.00$0.00$0.00
TIF 4-1 Fortitude SeniorG 153-25310 Unassigned Fund Balance-$6,248.82$51,921.64$56,828.87-$11,156.05
FUND 153 TIF 4-1 Fortitude Senior Apts$0.00$108,750.51$108,750.51$0.00
FUND 157 TIF 2-1 Millstream
TIF 2-1 MillstreamG 157-10100 Cash$30,039.91$39,744.04$36,954.79$32,829.16
TIF 2-1 MillstreamG 157-10450 Interest Receivable$101.98$0.00$101.98$0.00
TIF 2-1 MillstreamG 157-10500 Accounts Receivable$0.00$0.00$0.00$0.00
TIF 2-1 MillstreamG 157-13113 Due From other Gov t Units$0.00$0.00$0.00$0.00
TIF 2-1 MillstreamG 157-20200 Accounts Payable$0.00$0.00$0.00$0.00
TIF 2-1 MillstreamG 157-25310 Unassigned Fund Balance-$30,141.89$37,056.77$39,744.04-$32,829.16
FUND 157 TIF 2-1 Millstream$0.00$76,800.81$76,800.81$0.00
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat MarketG 158-10100 Cash$701.75$4,367.39$4,737.94$331.20
TIF 2-2 Meat MarketG 158-10450 Interest Receivable$3.10$0.00$3.10$0.00
TIF 2-2 Meat MarketG 158-20201 Salaries Payable$0.00$0.00$0.00$0.00
TIF 2-2 Meat MarketG 158-20500 Due To Other Fund-$500.00$500.00$0.00$0.00
TIF 2-2 Meat MarketG 158-25310 Unassigned Fund Balance-$204.85$4,241.04$4,367.39-$331.20
FUND 158 TIF 2-2 Meat Market$0.00$9,108.43$9,108.43$0.00
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
TIF 2-3 Bayou Blues/AllG 159-10100 Cash$362.69$17,029.37$14,015.86$3,376.20
TIF 2-3 Bayou Blues/AllG 159-10450 Interest Receivable$2.37$0.00$2.37$0.00
TIF 2-3 Bayou Blues/AllG 159-13113 Due From other Gov t Units$41.27$0.00$41.27$0.00
TIF 2-3 Bayou Blues/AllG 159-20200 Accounts Payable$0.00$0.00$0.00$0.00
TIF 2-3 Bayou Blues/AllG 159-20500 Due To Other Fund-$9,800.00$0.00$2,700.00-$12,500.00
TIF 2-3 Bayou Blues/AllG 159-25310 Unassigned Fund Balance$9,393.67$14,059.50$14,329.37$9,123.80
FUND 159 TIF 2-3 Bayou Blues/Alley Flat$0.00$31,088.87$31,088.87$0.00
FUND 220 Lodging Tax
Lodging TaxG 220-10100 Cash$34,282.58$11,161.89$23,215.37$22,229.10
Lodging TaxG 220-10450 Interest Receivable$120.60$0.00$120.60$0.00
Lodging TaxG 220-10500 Accounts Receivable$381.93$0.00$381.93$0.00
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01/13/21 1:50 PM
City of St. Joseph
Page 2
EDA Balance Sheet
Current Period: December 2020
YTDYTDCurrent
FUND DescrAccount DescrBegin YrDebitCreditBalance
Lodging TaxG 220-25310 Unassigned Fund Balance-$34,785.11$23,717.90$11,161.89-$22,229.10
FUND 220 Lodging Tax$0.00$34,879.79$34,879.79$0.00
FUND 225 DEED CDAP Grant
DEED CDAP GrantG 225-10100 Cash$32,937.58$17,421.80$3,125.00$47,234.38
DEED CDAP GrantG 225-10450 Interest Receivable$122.24$0.00$122.24$0.00
DEED CDAP GrantG 225-25310 Unassigned Fund Balance-$33,059.82$3,247.24$17,421.80-$47,234.38
FUND 225 DEED CDAP Grant$0.00$20,669.04$20,669.04$0.00
FUND 250 Revolving Loan Fund
Revolving Loan FundG 250-10100 Cash$219,625.50$18,400.95$38,249.00$199,777.45
Revolving Loan FundG 250-10450 Interest Receivable$1,002.95$0.00$1,264.04-$261.09
Revolving Loan FundG 250-11900 Notes Receivable$52,500.00$0.00$52,500.00$0.00
Revolving Loan FundG 250-22204 Deferred Inflow of Resources-$51,373.70$51,373.70$0.00$0.00
Revolving Loan FundG 250-24415 Design. Fd Bal - Operations-$33,571.12$0.00$0.00-$33,571.12
Revolving Loan FundG 250-25310 Unassigned Fund Balance-$188,183.63$40,639.34$18,400.95-$165,945.24
FUND 250 Revolving Loan Fund$0.00$110,413.99$110,413.99$0.00
$0.00$682,947.96$682,947.96$0.00
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St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
December 2020
Fund 150, EDA Balance as of December 31, 2019 (Audited) 40,700.12
Year to Date Revenue:
Interest Earnings 983.72
TIF/MIF Deposit -
DEED Housing Federal Grant Proceeds 13,242.25
Abatement Reimbursement (School District) 4,691.00
Ad Valorem Taxes 132,702.13
Surplus Property (Sale of Outlot C) 24,500.00
Total Revenue 176,119.10
Year to Date Expenditures by Object:
Board Stipends (1,855.00)
Staff Salaries/Training(25,512.15)
Workers Comp Premium(162.37)
Software Support/Office Supplies(704.33)
Professional Services -
Legal/Engineering Fees(1,120.12)
Telephone(1,354.62)
Greater St. Cloud Development Investment(5,000.00)
Business Round Table Outreach -
Advertising(99.26)
Abatement Payments (Country Manor)(15,040.24)
CM Housing Grant Reimbursement(13,242.25)
Computers(670.17)
EDA Programs(23,618.88)
Transfer to Other Funds -
Total Expenses(88,379.39)
Fund Summaries as of December 31, 2020:
EDA Fund Balance - Fund 150 - unaudited, cash balance
128,439.83
Designated for Capital Programs 22,044.41
Undesignated 106,395.42
TIF 3-1 Central MN Credit Union Fund Balance - Fund 152 -decertified 12-31-2020
TIF 4-1 Fortitude Senior Apts Fund Balance - Fund 153
11,156.05
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157
32,829.16
TIF 2-2 St. Joseph Meat Market Fund Balance - Fund 158
331.20
TIF 2-3 Bayou Blues & Alley Flats Fund Balance - Fund 159(9,123.80)
Lodging Tax Fund Balance - Fund 22022,229.10
DEED CDAP Grant Fund Balance - Fund 225
47,234.38
Revolving Loan Fund Balance - Fund 250
199,516.36
Designated for Revolving Loan Program 9,962.45
Designated for Economic Development 189,553.91
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01/13/21 8:45 AM
City of St. Joseph
Page 1
EDA Check Register
CHECK
#Search NameCommentsFUNDDEPARTAmount
057083BRUNO PRESSDecember 2020 CVB Social Me22046500$750.00
057084CENTRAL MN HOUSING PARTNERSHIP2018 CDAP Housing Grant - Dr15046500$1,727.25
057092MINNESOTA HOME IMPROVEMENTS2018 CDAP Housing Grant - Dr15046500$11,515.00
057092MINNESOTA HOME IMPROVEMENTS2018 CDAP Housing Grant - Dr22546500$3,125.00
057099RENGEL PRINTING, INC#10 Envelopes15046500$49.14
057101RUBINSKI WORKSJoetown Video22046500$1,500.00
057124FORTITUDE SENIOR LIVING2nd Half 2020 Tax Settlement 15346500$25,454.39
057130J. P. COOKE COMPANYMisc. Stamps15046500$17.23
057137MIDCONTINENT COMMUNICATIONSDecember 2020 Telephone/Fib15046500$113.81
057148STEARNS COUNTY AUDITOR-TREASURRedistribution of TIF 3-1 (#1615246500-$38,962.64
057148STEARNS COUNTY AUDITOR-TREASURRedistribution of TIF 3-1 (#1615246500$38,962.64
057150STELLAR ASSOCIATES, INCAdvertising22046500$200.00
057154WEST BANK2nd Half 2020 Tax Settlement 15746500$14,259.30
057158STEARNS COUNTY AUDITOR-TREASURRedistribution of TIF 3-1 (#1615246500$38,962.64
057165KENSINGTON BANK2nd Half 2020 Tax Settlement 15946500$6,426.81
057180DANIELSON, DOUGEDA Meeting Attendance: Sept15046500$70.00
057181DULLINGER, GINAPlanning Commission Meeting 15046500$105.00
057183HAUSMANN, CHAD & DEANNAPlanning Commission Meeting 15046500$105.00
057184HOSCH, LARRYEDA Meeting Attendance: Sept15046500$105.00
057185JARRELL, ANNEPlanning Commission Meeting 15046500$105.00
057186JOHNSON, MATTPlanning Commission Meeting 15046500$35.00
057189OLSON, STEPHENPlanning Commission Meeting 15046500$35.00
057191ROSS, MICHAEL R.Planning Commission Meeting 15046500$105.00
057195WICK, DALE & BARBARAEDA Meeting Attendance: Sept15046500$70.00
$104,835.57
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01/13/21 1:51 PM
City of St. Joseph
Page 1
EDA Revenue Report
Current Period: December 2020
2020December2020
Account DescrSOURCYTD Budget2020 AmtYTD Amt
FUND 150 Economic Development
R 150-46500-31010 Current Ad Valorem Taxes31010$124,530.00$68,371.80$132,702.13
R 150-46500-33160 Federal Grants - Other33160$0.00$13,242.25$13,242.25
R 150-46500-34150 TIF/MIF Deposit34150$0.00$0.00$0.00
R 150-46500-34160 Tax Abatement Reimbursement34160$0.00$0.00$4,691.00
R 150-46500-36210 Interest Earnings36210$1,000.00$57.93$983.72
R 150-49302-36260 Surplus Property36260$0.00$0.00$24,500.00
R 150-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
FUND 150 Economic Development$125,530.00$81,671.98$176,119.10
FUND 153 TIF 4-1 Fortitude Senior Apts
R 153-46500-31050 Tax Increment31050$0.00$28,282.66$56,508.53
R 153-46500-34150 TIF/MIF Deposit34150$0.00$0.00$0.00
R 153-46500-36210 Interest Earnings36210$0.00$6.97$206.93
R 153-49302-39201 Transfers from Other Funds39201$0.00$0.00$93.70
FUND 153 TIF 4-1 Fortitude Senior Apts$0.00$28,289.63$56,809.16
FUND 157 TIF 2-1 Millstream
R 157-46500-31050 Tax Increment31050$0.00$15,843.67$38,845.03
R 157-46500-36210 Interest Earnings36210$0.00$26.16$797.03
FUND 157 TIF 2-1 Millstream$0.00$15,869.83$39,642.06
FUND 158 TIF 2-2 Meat Market
R 158-46500-31050 Tax Increment31050$0.00$0.00$4,339.61
R 158-46500-36210 Interest Earnings36210$0.00$0.70$24.68
R 158-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
FUND 158 TIF 2-2 Meat Market$0.00$0.70$4,364.29
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
R 159-46500-31050 Tax Increment31050$0.00$7,140.90$14,267.46
R 159-46500-36210 Interest Earnings36210$0.00-$0.03$18.22
R 159-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
FUND 159 TIF 2-3 Bayou Blues/Alley Flat$0.00$7,140.87$14,285.68
FUND 220 Lodging Tax
R 220-46500-31600 Lodging Tax31600$14,000.00$1,107.51$4,892.74
R 220-46500-34409 Marketing34409$200.00$0.00$0.00
R 220-46500-36210 Interest Earnings36210$500.00$20.82$766.62
R 220-46500-36230 Contributions - General36230$0.00$0.00$5,000.00
FUND 220 Lodging Tax$14,700.00$1,128.33$10,659.36
FUND 225 DEED CDAP Grant
R 225-46500-34200 DEED Housing Reimbursement34200$0.00$0.00$16,221.28
R 225-46500-36210 Interest Earnings36210$1,000.00$42.16$1,078.28
R 225-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
FUND 225 DEED CDAP Grant$1,000.00$42.16$17,299.56
FUND 250 Revolving Loan Fund
R 250-46500-36210 Interest Earnings36210$2,000.00$163.90$4,777.86
R 250-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
R 250-46500-39320 Loan Principal39320$6,860.00$1,864.24$6,735.73
R 250-46500-39321 Loan Interest39321$1,465.00$380.03$1,397.02
R 250-46500-39322 Loan Origination Fee39322$0.00$0.00$100.00
FUND 250 Revolving Loan Fund$10,325.00$2,408.17$13,010.61
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01/13/21 1:51 PM
City of St. Joseph
Page 2
EDA Revenue Report
Current Period: December 2020
2020December2020
Account DescrSOURCYTD Budget2020 AmtYTD Amt
$151,555.00$136,551.67$332,189.82
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01/13/21 8:37 AM
City of St. Joseph
Page 1
EDA Expenditure Report
Current Period: December 2020
2020December2020
Account DescrYTD Budget2020 AmtYTD Amt
FUND
$0.00$0.00$0.00
FUND $0.00$0.00$0.00
FUND 150 Economic Development
E 150-46500-101 Salaries$33,510.00$1,699.59$17,239.24
E 150-46500-103 Legislative Bodies$4,410.00$735.00$1,855.00
E 150-46500-121 PERA Contributions$2,515.00$127.47$1,292.96
E 150-46500-122 FICA Contributions$1,925.00$105.38$1,033.27
E 150-46500-123 Deferred Comp-Employer$455.00$0.00$1,251.89
E 150-46500-125 Medicare Contributions$450.00$24.65$241.64
E 150-46500-130 H S A- Employer Contribution$875.00$0.00$562.50
E 150-46500-131 Health Insurance$6,090.00$0.00$2,700.19
E 150-46500-132 Dental Insurance$415.00$0.00$203.99
E 150-46500-133 Life Insurance$25.00$0.00$13.83
E 150-46500-134 Disabilty Insurance$285.00$0.00$137.01
E 150-46500-151 Workers Comp. Insur. Prem.$215.00$0.00$162.37
E 150-46500-171 Clothing Allowance$70.00$0.00$0.00
E 150-46500-200 Office Supplies$500.00$66.37$83.11
E 150-46500-215 Software Support$1,445.00$0.00$621.22
E 150-46500-300 Professional Services$0.00$0.00$0.00
E 150-46500-303 Engineering Fee$2,000.00$0.00$383.12
E 150-46500-304 Legal Fees$1,000.00$0.00$737.00
E 150-46500-308 Community Programs$0.00$13,242.25$13,242.25
E 150-46500-321 Telephone$1,400.00$113.81$1,354.62
E 150-46500-322 Postage$100.00$0.00$0.00
E 150-46500-328 Marketing$1,000.00$0.00$0.00
E 150-46500-331 Travel & Conference Expense$1,750.00$0.00$540.63
E 150-46500-340 Advertising$200.00$0.00$99.26
E 150-46500-433 Dues & Memberships$5,295.00$0.00$5,295.00
E 150-46500-582 Computer Software$500.00$0.00$670.17
E 150-46500-588 EDA Programs$44,100.00$0.00$23,618.88
E 150-46500-622 TIF/Abatement Payments$15,000.00$0.00$15,040.24
E 150-49300-720 Transfers to Other Funds$0.00$0.00$0.00
FUND 150 Economic Development$125,530.00$16,114.52$88,379.39
FUND 152 TIF 3-1 CMCU
E 152-46500-101 Salaries$0.00$0.00$0.00
E 152-46500-121 PERA Contributions$0.00$0.00$0.00
E 152-46500-122 FICA Contributions$0.00$0.00$0.00
E 152-46500-123 Deferred Comp-Employer$0.00$0.00$0.00
E 152-46500-125 Medicare Contributions$0.00$0.00$0.00
E 152-46500-132 Dental Insurance$0.00$0.00$0.00
E 152-46500-133 Life Insurance$0.00$0.00$0.00
E 152-46500-134 Disabilty Insurance$0.00$0.00$0.00
E 152-46500-300 Professional Services$0.00$0.00$990.00
E 152-46500-301 Audit & Accounting Services$750.00$0.00$0.00
E 152-46500-340 Advertising$45.00$0.00$54.26
E 152-46500-622 TIF/Abatement Payments$0.00$38,962.64$47,243.20
E 152-49300-720 Transfers to Other Funds$0.00$0.00$0.00
FUND 152 TIF 3-1 CMCU$795.00$38,962.64$48,287.46
FUND 153 TIF 4-1 Fortitude Senior Apts
11
01/13/21 8:37 AM
City of St. Joseph
Page 2
EDA Expenditure Report
Current Period: December 2020
2020December2020
Account DescrYTD Budget2020 AmtYTD Amt
E 153-46500-101 Salaries$0.00$0.00$0.00
E 153-46500-121 PERA Contributions$0.00$0.00$0.00
E 153-46500-122 FICA Contributions$0.00$0.00$0.00
E 153-46500-125 Medicare Contributions$0.00$0.00$0.00
E 153-46500-300 Professional Services$0.00$0.00$990.00
E 153-46500-340 Advertising$0.00$0.00$54.26
E 153-46500-588 EDA Programs$0.00$0.00$0.00
E 153-46500-622 TIF/Abatement Payments$0.00$25,454.39$50,857.67
E 153-49300-720 Transfers to Other Funds$0.00$0.00$0.00
FUND 153 TIF 4-1 Fortitude Senior Apts$0.00$25,454.39$51,901.93
FUND 157 TIF 2-1 Millstream
E 157-46500-101 Salaries$0.00$0.00$0.00
E 157-46500-121 PERA Contributions$0.00$0.00$0.00
E 157-46500-122 FICA Contributions$0.00$0.00$0.00
E 157-46500-123 Deferred Comp-Employer$0.00$0.00$0.00
E 157-46500-125 Medicare Contributions$0.00$0.00$0.00
E 157-46500-132 Dental Insurance$0.00$0.00$0.00
E 157-46500-133 Life Insurance$0.00$0.00$0.00
E 157-46500-134 Disabilty Insurance$0.00$0.00$0.00
E 157-46500-300 Professional Services$0.00$0.00$1,940.00
E 157-46500-301 Audit & Accounting Services$500.00$0.00$0.00
E 157-46500-340 Advertising$45.00$0.00$54.26
E 157-46500-622 TIF/Abatement Payments$34,000.00$14,259.30$34,960.53
E 157-49300-720 Transfers to Other Funds$0.00$0.00$0.00
FUND 157 TIF 2-1 Millstream$34,545.00$14,259.30$36,954.79
FUND 158 TIF 2-2 Meat Market
E 158-46500-101 Salaries$0.00$0.00$46.48
E 158-46500-121 PERA Contributions$0.00$0.00$3.48
E 158-46500-122 FICA Contributions$0.00$0.00$2.78
E 158-46500-123 Deferred Comp-Employer$0.00$0.00$0.63
E 158-46500-125 Medicare Contributions$0.00$0.00$0.65
E 158-46500-131 Health Insurance$0.00$0.00$6.58
E 158-46500-132 Dental Insurance$0.00$0.00$0.45
E 158-46500-133 Life Insurance$0.00$0.00$0.00
E 158-46500-134 Disabilty Insurance$0.00$0.00$0.00
E 158-46500-300 Professional Services$0.00$0.00$0.00
E 158-46500-301 Audit & Accounting Services$500.00$0.00$0.00
E 158-46500-340 Advertising$45.00$0.00$54.26
E 158-46500-622 TIF/Abatement Payments$4,000.00$0.00$4,122.63
FUND 158 TIF 2-2 Meat Market$4,545.00$0.00$4,237.94
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
E 159-46500-101 Salaries$0.00$0.00$0.00
E 159-46500-121 PERA Contributions$0.00$0.00$0.00
E 159-46500-122 FICA Contributions$0.00$0.00$0.00
E 159-46500-123 Deferred Comp-Employer$0.00$0.00$0.00
E 159-46500-125 Medicare Contributions$0.00$0.00$0.00
E 159-46500-132 Dental Insurance$0.00$0.00$0.00
E 159-46500-133 Life Insurance$0.00$0.00$0.00
E 159-46500-134 Disabilty Insurance$0.00$0.00$0.00
E 159-46500-300 Professional Services$0.00$0.00$990.00
12
01/13/21 8:37 AM
City of St. Joseph
Page 3
EDA Expenditure Report
Current Period: December 2020
2020December2020
Account DescrYTD Budget2020 AmtYTD Amt
E 159-46500-301 Audit & Accounting Services$750.00$0.00$0.00
E 159-46500-340 Advertising$45.00$0.00$54.26
E 159-46500-622 TIF/Abatement Payments$0.00$6,426.81$12,877.85
E 159-49300-720 Transfers to Other Funds$0.00$0.00$93.70
FUND 159 TIF 2-3 Bayou Blues/Alley Flat$795.00$6,426.81$14,015.81
FUND 220 Lodging Tax
E 220-46500-300 Professional Services$3,000.00$750.00$9,000.00
E 220-46500-309 Visitors Bureau$9,200.00$1,500.00$9,680.38
E 220-46500-328 Marketing$2,000.00$0.00$3,528.35
E 220-46500-331 Travel & Conference Expense$0.00$0.00$561.66
E 220-46500-340 Advertising$500.00$200.00$444.98
FUND 220 Lodging Tax$14,700.00$2,450.00$23,215.37
FUND 225 DEED CDAP Grant
E 225-46500-300 Professional Services$12,500.00$3,125.00$3,125.00
E 225-46500-340 Advertising$0.00$0.00$0.00
FUND 225 DEED CDAP Grant$12,500.00$3,125.00$3,125.00
FUND 250 Revolving Loan Fund
E 250-46500-300 Professional Services$0.00$0.00$0.00
E 250-46500-304 Legal Fees$0.00$0.00$499.00
E 250-46500-317 Other fees$0.00$0.00$0.00
E 250-46500-434 Certification Fee$0.00$0.00$0.00
E 250-46500-455 Revolving Loan Proceeds$0.00$0.00$34,750.00
FUND 250 Revolving Loan Fund$0.00$0.00$35,249.00
$193,410.00$106,792.66$305,366.69
13
2,728.41
2020
19,316.00 65,135.75
211,598.32
189,553.91208,869.91
12/31
670.17
25,454.17
24,784.0024,784.00
12/31through
Reimbursed113,489.25
through
500.00
44,600.00
EDA
44,100.0044,100.00
Plan
2019
9
2019
18,
16,
Award178,625.00
June
2,898.58
192,452.49
189,553.91189,553.91
ReserveBudgetGrants/AidsSpentBalance202020202020Balance
Expenditures
14
Available
Improvement
12/31/201
December
Capital
Capital
Recommended:
Adopted
2020
Fund
EDA
General
Equipment
Housing Grant Draw Down
Computer SoftwareBusiness DevelopmentBusiness Development
Project
EDA-1401EDA-1402EDA-1402
CodeNumber
P
Project
DepartmentAccount
EDA150-46500-582EDA150-46500-588RLF250-46500-588 TOTAL EDA CI
CVB2020FinancialSummary
AsofDecember31,2020
BeginningFundBalance1120$34,785.11
YTDRev
Customer2020
InterestEarnings$766.62
TshirtSales$
BeanieHatSales$
FireworksDonations$5,000.00
RodewayInnLodgingTax$4,361.67
CSBLodgingTax$
EstatesB&BLodgingTax$531.07
$10,659.36
YTDExp
Vendor2020
BrunoPresssocialmediacampaign$9,000.00
ExploreMinnesotaConference$561.66
RubinskiWorksVideos$3,750.00
WebsiteHosting$3,528.35
ResPyroFireworks$5,267.88
20/21Arts,Entertainment,DiningAd$200.00
ShopSmall/WinterwalkPostcards$204.98
87LumensEventPhotos$
Krillan,Inc.Tshirts/Caps$702.50
NewcomerServiceMagazineAd$
$23,215.37
EndingCashBalance123120$22,229.10
15
EDAAgenda Item 5
MEETING DATE:
th
January 19, 2021
AGENDA ITEM:
5
SUBMITTEDBY:
Nate Keller, CD Director
STAFF RECOMMENDATION:
Staff would like EDA input on the ideas of:
Strategic Plan
Contentcreation
PREVIOUS BOARD ACTION:
None
BACKGROUNDINFORMATION:
Staffhad one on one sit down discussions with CVBDirectorMary Bruno. As part of the discussions
two needs stoodout most:
Developmentofa Strategic Plan and
Developmentofcontent.
The strategic plan will provide a detailed game plan with goals, strategies, andimplementation
techniques. The strategic plan will alsoensure smooth consistent communication and understanding
occurs between CVB goals,EDABoard, and the city of SaintJoseph.
the plan would occur over an approximate two-three-month period. Development will include:
brainstorming sessions, survey, and gatheringofCVBgoals,long-termvisions. The plan will
alsohelp determine what support(both staff andfinancial) is needed now and in the future. This will
helpensure the CVB does notmiss a beat if they encounter staff or board turnoverandprovide a
sustainableplan. We all know plans change soflexibility would be builtintothe plan and plan will be
reviewedannualtoensure it is still relevantto the current climate.
nd
The 2piecerelated to conten. CVB needsquality content to help
.Partofthatcontentcreationistiedto photographs. contentwill
arriveasa result of the goals/strategies fromtheStrategicplan but theissue is virtuallyno
databaseofcontentexists
Staff spoke with three firms in regards to development of Strategic Plan. Two of the three
firms.
BUDGET/FISCALIMPACT:
Depends on Board recommendation. Staffwouldrequestany funds allocatedtoPlanor
content creation to come fromEDAMarketingdollars.
ATTACHMENTS:
16
1.
Quotesfrom
REQUESTED BOARD ACTION:
1.Staff requests recommendation from the Board on allocating fundstowards a Strategic Plan
and
17
18
19
5523!Dmfbsxbufs!Spbe211!T!6ui!Tu!TUF!2:11
Tbjou!Dmpve-!NO!67412!!!!Njoofbqpmjt-!NO!66513
TUD!!431/765/1611!!!!!!NTQ!!723/716/7284!!
GSBNFXPSLNO/DPN
0!QSPKFDU!FTUJNBUF
DMJFOUEBUF
CityofSt.JosephJanuary6,2021
QSPKFDU!OBNF
StrategicMarketingPlan
QSPKFDU!EFTDSJQUJPO
FrameworkwillleadtheCityofSt.JosephinaStrategicMarketingPlanprocessincludingdiscovery,strategy,revisions,and
finalplan.Implementationoftheplanisnotincludedinthisestimatebutisavailableuponrequest.Theplanwillinclude,butis
notlimitedto,Messaging,Communications,Marketing/Advertising,andEvents.CityofSt.Josephwillprovideaballpark
budgetforplanningpurposes.Projectwillbecompletedwithintwomonthsofinitiation.Theprojectwilltakeplaceinthe
followingphases:
Phase1-Discovery
Frameworkwillleadanin-person(orZoom)sessionwithstakeholdersalongwithreviewingallexistingmaterials/pasttactics
aswellascompletingappropriatesecondaryresearch.
Phase2-DraftPlan1
Frameworkwillcompleteandpresentafulldraftplanforreviewbystakeholders.
Phase3-Feedback1
CityofSt.Josephwillprovidefeedbackonthedraftplan.Frameworkwillreviewandmakerecommendations.
Phase4-DraftPlan2
Frameworkwillpresenttherevisedplan.
Phase5-Feedback2
CityofSt.Josephwillprovidefeedbackonthedraftplanversion2.Frameworkwillreviewandmakerecommendations.
Phase6-FinalPlan
Frameworkwilldeliverthefinalplan.
OriginalFee=$4,500.00
DiscountedHours=$1,000.00
TOTALPROJECTFEE=$3,500.00
QSFMJNJOBSZ!FTUJNBUF;
DMFBS!GPSN
TBMFT!UBY;
20
From:Mary Bruno
To:Nate Keller
Subject:Fwd: Visit Joetown | Social Media Ideas....
Date:Monday, January 18, 2021 12:24:09 PM
Nate,
Mike is cool if we just commit to lie 3 months off the bat to get me started!
Then we can make a plan with him too and figure out when we would need
him moving forward!
McB
SOCIAL MEDIA
-4 local features every month
-release every tuesday on Facebook & Instagram
-1 local business, 1 local artist, 1 local activity, 1 local musician
-create 52 video & photo vignettes
-schedule out the entire year
-use the social platform to promote the town, its community and beauty
-create all social media content 1 month in advance
-cross promote with all featured business, artists, community leaders,
athletes & musicians
-make folks want to visit Joetown
-shine the light on things that make St. Joseph beautiful
-get creative and make some great content
-use the feed to post beautiful content, images & features
-use the story feature to promote local events & promotions
I could create all of those monthly assets with you for $600 per month
and would love to pitch this idea to the folks at Visit Joetown CVB. I think
we could organically create some quality content that we can be proud of
at an affordable budget.
looking forward,
Mike Thienes
R U B I N S K I V I S U A L
Phone: 320.493.9595
www.rubinskiworks.com
--
looking forward,
Mike Thienes
21
EDAAgenda Item 6
MEETING DATE:
th
January 19, 2021
AGENDA ITEM:
6
SUBMITTED BY:
Nate Keller, CD Director
STAFF RECOMMENDATION:
Items are just informational.
PREVIOUS BOARD ACTION:
EDA Board approved the BR&E schedule at their Dec. meeting.
BACKGROUND INFORMATION:
Staff has the following BR&E visits scheduledthis month:
th
Jan. 20Central Canvas Manufacturing
st
Jan. 21Bo-
Astech has been pushed back to March/April (owner is in Florida till then).
North Central Canvas has not been scheduled yet.
Feb. BR&E visits:
Tamarack Materials
La Playette Bar
BUDGET/FISCAL IMPACT:
None
ATTACHMENTS:
None
REQUESTED BOARDACTION:
Staff requests volunteers for upcoming BR&E visits in Feb.
22