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Home My WebLink About04.20.21 www.cityofstjoseph.com St. Joseph Economic Development Authority th April 20 , 2021 12:00 PM ** The meeting will be conducted remotely via Zoom** Call to order Public Comments Approve Agenda Consent Agenda Minutes – Requested Action: Approve the minutes of March 16th, 2021 Financial Report – Requested Action: Accept the March 2021 Financial Reports as presented. TIF agreement – Requested Action: Approve Swearing in of Kevin Kluesner Rubinski partnership & photo content initiative CVB – Strategic Plan Draft Business/Development Updates Board Member Announcements Adjourn Zoom Meeting Information Join Zoom Meeting https://zoom.us/j/95125835491?pwd=dnE1RGtaOW5IcG5ZQjR5QUgrUjBYZz09 Meeting ID: 951 2583 5491 Passcode: 433310 One tap mobile +19292056099,,95125835491#,,,,*433310# US (New York) +13017158592,,95125835491#,,,,*433310# US (Washington DC) Dial by your location +1 929 205 6099 US (New York) +1 301 715 8592 US (Washington DC) +1 312 626 6799 US (Chicago) +1 669 900 6833 US (San Jose) +1 253 215 8782 US (Tacoma) +1 346 248 7799 US (Houston) Meeting ID: 951 2583 5491 Passcode: 433310 Find your local number: https://zoom.us/u/adA8TBFYZB 75 Callaway Street East | Saint Joseph, Minnesota 56374 111 Email: cityoffices@cityofstjoseph.com | Phone: 320.363.7201 | Fax 320.363.0342 March 16th, 2021 Page 1 of 1 Pursuant to due call and notice thereof, the St. Joseph Economic Development Authority met on Tuesday, March 16th, 2021 at 12:00 PM via Zoom Meeting. Members Present: Board Members Kevin Kluesner, Larry Hosch, Dale Wick Members Absent: Doug Danielson, Rick Schultz City Representatives Present: Community Development Director Nate Keller Others Present: none Wick called the St. Joseph Economic Development Authority meeting to order at 12:01 PM Agenda Approval: Kluesner made a motion to approve the agenda as presented; seconded by Wick and passed unanimously by those present. Consent Agenda: Wick made a motion to approve the consent agenda as follows; seconded by Hosch and passed unanimously by those present. a.Minutes - Approved the minutes of January 19th, 2021 b.Feb. Financial Report - Accepted the Feb. 2021 Financial Report as presented. CVB Strategic Plan update Keller provided an overview of the status of the Strategic Plan. A stakeholder meeting took place along with a larger meeting of the CVB group – discussion was made at both about goals/strategies/future ideas for the CVB. The consultant is working on drafting of the plan, and creation of the goals, and strategies. Some themes are starting to surface including demographics of folks who travel to Saint Joseph. The draft of the plan will be brought to EDA at the April meeting with final adoption of the plan occurring shortly after. BR&E update Keller provided a brief highlight of past BR&E visits and notice of upcoming visits. Overall, many of the businesses talked to so far had a good 2020 despite the Covid-19 pandemic. One common concern citied was finding new employees. Comprehensive Plan – EDA goal discussion Keller discussed some overall goals as indicated in the Comprehensive Plan. Staff hopes to evaluate in the coming months the current Business Subsidy policy, and EDA grant programs offered with intent to hopefully expand some of the offerings. Staff has also been busy researching, and tracking grant sources offered by the State to help make some projects a reality. Business/Development Updates rd @ 5:30pm, Keller updated the Board on: all boards/commission meeting scheduled for March 23 success of St. Joseph businesses in applying for Covid relief grant money, outdoor patio/sidewalk café ordinance amendments, potential sale of village/fire hall building, potential new legislation and upcoming stimulus package. Board Member Announcements Adjourn: Hosch made a motion to adjourn the meeting at 12:51 PM, seconded by Kluesner and passed unanimously by those present. Nate Keller Community Development Director 222 EDAAgenda Item ________________________ MEETING DATE: April 20, 2021 AGENDA ITEM: March Finance Reports SUBMITTED BY: Finance BOARD/COMMISSION/COMMITTEE/COUNCIL RECOMMENDATION: N/A PREVIOUS EDA ACTION: None BACKGROUND INFORMATION: Enclosed you will find the reconciled financial reports through March 31, 2021. The ending undesignated balance shows a surplus of $27,983. The designated project balance is $66,544 plus $1,600 for the CVB strategic plan implementation plus three months of pictures. Audit entries have been reversed in 2021. The designation for capital programs includes the 2021 budget. The budget is paid for with tax proceeds. Taxes are received in June, July and 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 $214,715 on th March 31, including $200,054 reserved balance from the EDA fund to be used for future economic development projects; $14,661 is available from the State’s RLF fund for future loan requests. The City Council allowed Krewe to delay their RLF loan payments for three months due to the COVID-19 emergency declaration in 2020. These payments were added to the end of the loan. th The Lodging Tax fund has a balance of $18,545 on March 31. A summary of their activity is enclosed in this report. Lodging tax collections were down significantly in 2020; council approved to discontinue lodging tax from 12/1/20 through 4/31/2021 resulting in lower 2021 lodging taxes 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 two applications pending with a third potential if funds are still available. The grant funding needs to be spent by 12/31/21 or is lost. BUDGET/FISCAL IMPACT: For Information Only ATTACHMENTS: Request for EDA Action – Finance Reports EDA Financial Summary EDA Balance Sheet EDA Check Register EDA Revenue Report EDA Expenditure Report EDA Summary CIP CVB Financial Summary REQUESTED BOARD ACTION: Consider acceptance of the March financial reports. 333 3,228.41 2021 63,316.00 65,135.75 256,098.32 189,553.91252,869.91 3/31 113,489.25 3/31through through 500.00 45,500.00 EDA 45,000.0045,000.00 Plan 2020 0 16, 2020 7, Award178,625.00 June 2,728.41 18,316.00 210,598.32 189,553.91207,869.91 ReserveBudgetGrants/AidsSpentBalance202120212021Balance 4 Expenditures 10 Available Improvement 12/31/202 December Capital Capital Recommended: Adopted 2021 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 3,228.41 2021 63,316.00 65,135.75 266,598.32 200,053.91263,369.91 3/31 113,489.25 3/31through through 500.00 45,500.00 EDA 45,000.0045,000.00 Plan 2020 0 16, 2020 7, Award178,625.00 June 2,728.41 18,316.00 221,098.32 200,053.91218,369.91 ReserveBudgetGrants/AidsSpentBalance202120212021Balance 5 Expenditures 11 Available Improvement 12/31/202 December Capital Capital Recommended: Adopted 2021 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 250.00 8,872.311,771.726,375.001,750.007,800.007,221.624,054.682,500.00 2021 (1,173.53)(1,173.53) 24,918.3434,923.10 72,768.43 18,242.5420,992.54 92,587.44 12,255.12 104,842.56 3/31 3,521.52 3,521.52 2021Balance 3/31through 235.25235.25 235.25235.25 through 500.00250.00500.00750.00250.00 2,500.001,250.002,500.00 7,000.00 6,000.001,000.007,250.00 ЏͲБЉЉ͵ЉЉ 6,800.00 21,050.00 21,050.00 6,372.311,771.725,875.001,500.007,800.006,721.623,304.681,500.00 (1,408.78)(1,408.78) 23,668.3432,423.10 65,768.43 12,242.5413,742.54 78,102.19 15,776.64 93,878.83 ReserveBudgetGrants/AidsSpentBalance20212021 12/31/20 Available 1 Administration 202 6 7, 12 2018 Plan Joseph St. of December YearYear new2025 2017on going201720222008on going201720182017on going 2016201420202017on going2017on going Equipment variousannuallyvarious2018variouson goingvarious2020 City on goingon going PurchasedReplace 2008/2010/ 2021 Capital Adopted Fund Certificate General Equipment Equipment Election EquipmentScannersTelephone SystemMailing SystemPresentation EquipmentCommunity SignsEquipment ReplacementComputer ReplacementComputer SoftwareVehiclePlan Update-Comp PlanMaster Park PlanningPlan Update-GASBequip replacement 2020 Computer Replacement TOTAL ADMINISTRATION CEP new Project Number AD-1401AD-1502AD-1403AD-1411AD-1802AD-1803AD-1405AD-1406AD-1407AD-2001AD-1410AD-1801AD-1406 CAB-1601 xxx570570570570570570581582300300300580581 Code Budget 4141041430414304143041430414304143041430414304191045202415304195041430 Account 101490490490490490490490490101101101108409 n Project Department ElectionAdministrationBuilding Inspection490-42401-550 TOTAL ADMINISTRATION GENERAL CEP Planning & ZoningParksFinancePEG Equipment TOTAL ADMINISTRATION/PLAN/FINANCE/PEG GENERAL CEP Administratio St. Joseph Economic Development Authority Summary Treasurer's Report - Fund 150 March 2021 Fund 150, EDA Balance as of December 31, 2020 (Audited) 113,996.95 Year to Date Revenue:BudgetYTD Actual Interest Earnings 1,020 (230.74) TIF/MIF Deposit - - MN Tourism Grant - - DEED Housing Federal Grant Proceeds - - Abatement Reimbursement (School District) 9,385 - Ad Valorem Taxes 119,905 - Total Revenue 130,310 (230.74) Year to Date Expenditures by Object: Board Stipends -1,050 Staff Salaries/Training40,995 (9,401.39) Workers Comp Premium220 - Software Support/Office Supplies1,945 (687.89) Professional Services1,200 (2,200.00) Legal/Engineering Fees3,000 - Telephone1,400 (349.30) Greater St. Cloud Development Investment5,000 (5,000.00) Business Round Table Outreach- - Advertising- - Abatement Payments (Country Manor)30,000 - CM Housing Grant Reimbursement- - Computers500 - EDA Programs45,000 - Transfer to Other Funds- - Total Expenses 130,310 (17,638.58) Fund Summaries as of March 31, 2021: EDA Fund Balance - Fund 150 - unaudited, cash balance 96,127.63 Designated for Capital Programs 66,544.41 Designated for CVB Strategic Plan/Photos-remaining balance 1,600.00 Undesignated 27,983.22 TIF 4-1 Fortitude Senior Apts Fund Balance - Fund 153 11,083.34 TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 15732,967.74 TIF 2-2 St. Joseph Meat Market Fund Balance - Fund 158325.00 TIF 2-3 Bayou Blues & Alley Flats Fund Balance - Fund 159(9,145.65) Lodging Tax Fund Balance - Fund 22018,544.60 DEED CDAP Grant Fund Balance - Fund 22547,253.32 Revolving Loan Fund Balance - Fund 250 214,715.30 Designated for Revolving Loan Program 14,661.39 Designated for Economic Development 200,053.91 1347 04/13/21 10:49 AM City of St. Joseph Page 1 EDA Balance Sheet Current Period: March 2021 YTDYTDCurrent FUND DescrAccount DescrBegin YrDebitCreditBalance FUND 150 Economic Development Economic DevelopmentG 150-10100 Cash$111,121.79$7,017.75$34,511.91$83,627.63 Economic DevelopmentG 150-10450 Interest Receivable$110.15$0.00$110.15$0.00 Economic DevelopmentG 150-10500 Accounts Receivable$0.00$0.00$0.00$0.00 Economic DevelopmentG 150-10700 Taxes Receivable - Delinquen$2,111.50$0.00$2,111.50$0.00 Economic DevelopmentG 150-13113 Due From other Gov t Units$6,963.10$0.00$6,963.10$0.00 Economic DevelopmentG 150-15500 Due From Other Fund$12,500.00$0.00$0.00$12,500.00 Economic DevelopmentG 150-20200 Accounts Payable-$16,122.49$16,122.49$0.00$0.00 Economic DevelopmentG 150-20201 Salaries Payable-$575.60$575.60$0.00$0.00 Economic DevelopmentG 150-22204 Deferred Inflow of Resources-$2,111.50$2,111.50$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-$113,996.95$41,585.16$23,715.84-$96,127.63 FUND 150 Economic Development$0.00$67,412.50$67,412.50$0.00 FUND 153 TIF 4-1 Fortitude Senior Apts TIF 4-1 Fortitude SeniorG 153-10100 Cash$11,148.87$6.38$71.91$11,083.34 TIF 4-1 Fortitude SeniorG 153-10450 Interest Receivable$19.19$0.00$19.19$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-$51.10$51.10$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-$11,116.96$91.10$57.48-$11,083.34 FUND 153 TIF 4-1 Fortitude Senior Apts$0.00$148.58$148.58$0.00 FUND 157 TIF 2-1 Millstream TIF 2-1 MillstreamG 157-10100 Cash$32,821.83$1,901.23$1,755.32$32,967.74 TIF 2-1 MillstreamG 157-10450 Interest Receivable$63.98$0.00$63.98$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$1,880.48$0.00$1,880.48$0.00 TIF 2-1 MillstreamG 157-20200 Accounts Payable-$1,692.43$1,692.43$0.00$0.00 TIF 2-1 MillstreamG 157-25310 Unassigned Fund Balance-$33,073.86$3,699.78$3,593.66-$32,967.74 FUND 157 TIF 2-1 Millstream$0.00$7,293.44$7,293.44$0.00 FUND 158 TIF 2-2 Meat Market TIF 2-2 Meat MarketG 158-10100 Cash$333.57$0.34$8.91$325.00 TIF 2-2 Meat MarketG 158-10450 Interest Receivable$2.13$0.00$2.13$0.00 TIF 2-2 Meat MarketG 158-20200 Accounts Payable-$8.29$8.29$0.00$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$0.00$0.00$0.00$0.00 TIF 2-2 Meat MarketG 158-25310 Unassigned Fund Balance-$327.41$11.04$8.63-$325.00 FUND 158 TIF 2-2 Meat Market$0.00$19.67$19.67$0.00 FUND 159 TIF 2-3 Bayou Blues/Alley Flat TIF 2-3 Bayou Blues/AllG 159-10100 Cash$3,372.23$1.31$19.19$3,354.35 TIF 2-3 Bayou Blues/AllG 159-10450 Interest Receivable$2.00$0.00$2.00$0.00 TIF 2-3 Bayou Blues/AllG 159-13113 Due From other Gov t Units$0.00$0.00$0.00$0.00 TIF 2-3 Bayou Blues/AllG 159-20200 Accounts Payable-$12.91$12.91$0.00$0.00 TIF 2-3 Bayou Blues/AllG 159-20500 Due To Other Fund-$12,500.00$0.00$0.00-$12,500.00 TIF 2-3 Bayou Blues/AllG 159-25310 Unassigned Fund Balance$9,138.68$21.19$14.22$9,145.65 FUND 159 TIF 2-3 Bayou Blues/Alley Flat$0.00$35.41$35.41$0.00 FUND 220 Lodging Tax Lodging TaxG 220-10100 Cash$22,164.03$35.25$3,654.68$18,544.60 Lodging TaxG 220-10450 Interest Receivable$55.10$0.00$55.10$0.00 1458 04/13/21 10:49 AM City of St. Joseph Page 2 EDA Balance Sheet Current Period: March 2021 YTDYTDCurrent FUND DescrAccount DescrBegin YrDebitCreditBalance Lodging TaxG 220-10500 Accounts Receivable$20.91$0.00$20.91$0.00 Lodging TaxG 220-25310 Unassigned Fund Balance-$22,240.04$3,730.69$35.25-$18,544.60 FUND 220 Lodging Tax$0.00$3,765.94$3,765.94$0.00 FUND 225 DEED CDAP Grant DEED CDAP GrantG 225-10100 Cash$47,311.21$30.70$88.59$47,253.32 DEED CDAP GrantG 225-10450 Interest Receivable$90.72$0.00$90.72$0.00 DEED CDAP GrantG 225-25310 Unassigned Fund Balance-$47,401.93$179.31$30.70-$47,253.32 FUND 225 DEED CDAP Grant$0.00$210.01$210.01$0.00 FUND 250 Revolving Loan Fund Revolving Loan FundG 250-10100 Cash$211,383.92$3,737.37$405.99$214,715.30 Revolving Loan FundG 250-10450 Interest Receivable$456.53$0.00$456.53$0.00 Revolving Loan FundG 250-11900 Notes Receivable$79,637.97$0.00$79,637.97$0.00 Revolving Loan FundG 250-20200 Accounts Payable-$20.00$20.00$0.00$0.00 Revolving Loan FundG 250-22204 Deferred Inflow of Resources-$79,425.27$79,637.97$212.70$0.00 Revolving Loan FundG 250-24415 Design. Fd Bal - Operations-$11,979.24$11,979.24$0.00$0.00 Revolving Loan FundG 250-25310 Unassigned Fund Balance-$200,053.91$1,075.22$15,736.61-$214,715.30 FUND 250 Revolving Loan Fund$0.00$96,449.80$96,449.80$0.00 $0.00$175,335.35$175,335.35$0.00 1569 04/13/21 10:49 AM City of St. Joseph Page 1 EDA Check Register CHECK #Search NameCommentsFUNDDEPARTAmount 057474BRUNO PRESS2021 - March 2021 CVB Social 22046500$750.00 057512MIDCONTINENT COMMUNICATIONS2021 - March 2021 Telephone/15046500$116.85 057513NATURALLY WIRED DESIGNS2021 - Annual CVB Renewal22046500$328.35 057560RUBINSKI WORKSPayment 2/3 - Commercial Vid15046500$600.00 $1,795.20 16107 04/13/21 10:50 AM City of St. Joseph Page 1 EDA Expenditure Report Current Period: March 2021 2021March2021 Account DescrYTD Budget2021 AmtYTD Amt FUND 150 Economic Development E 150-46500-101 Salaries$27,295.00$2,350.60$6,541.27 E 150-46500-103 Legislative Bodies$1,050.00$0.00$0.00 E 150-46500-121 PERA Contributions$2,045.00$176.28$490.56 E 150-46500-122 FICA Contributions$1,630.00$144.12$402.22 E 150-46500-123 Deferred Comp-Employer$455.00$17.50$43.75 E 150-46500-125 Medicare Contributions$380.00$33.70$94.06 E 150-46500-130 H S A- Employer Contribution$790.00$0.00$393.75 E 150-46500-131 Health Insurance$5,460.00$442.62$1,327.85 E 150-46500-132 Dental Insurance$415.00$34.42$103.27 E 150-46500-133 Life Insurance$25.00$2.33$4.66 E 150-46500-134 Disabilty Insurance$285.00$0.00$0.00 E 150-46500-151 Workers Comp. Insur. Prem.$220.00$0.00$0.00 E 150-46500-171 Clothing Allowance$70.00$0.00$0.00 E 150-46500-200 Office Supplies$500.00$0.00$0.00 E 150-46500-215 Software Support$1,445.00$0.00$687.89 E 150-46500-300 Professional Services$1,200.00$600.00$2,200.00 E 150-46500-303 Engineering Fee$2,000.00$0.00$0.00 E 150-46500-304 Legal Fees$1,000.00$0.00$0.00 E 150-46500-308 Community Programs$0.00$0.00$0.00 E 150-46500-321 Telephone$1,400.00$116.85$349.30 E 150-46500-322 Postage$100.00$0.00$0.00 E 150-46500-328 Marketing$0.00$0.00$0.00 E 150-46500-331 Travel & Conference Expense$1,750.00$0.00$0.00 E 150-46500-340 Advertising$0.00$0.00$0.00 E 150-46500-420 Depreciation$0.00$0.00$0.00 E 150-46500-433 Dues & Memberships$5,295.00$0.00$5,000.00 E 150-46500-582 Computer Software$500.00$0.00$0.00 E 150-46500-588 EDA Programs$45,000.00$0.00$0.00 E 150-46500-622 TIF/Abatement Payments$30,000.00$0.00$0.00 E 150-49300-720 Transfers to Other Funds$0.00$0.00$0.00 FUND 150 Economic Development$130,310.00$3,918.42$17,638.58 FUND 153 TIF 4-1 Fortitude Senior Apts 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$990.00$0.00$0.00 E 153-46500-306 County TIF Admin Fee$0.00$0.00$0.00 E 153-46500-340 Advertising$55.00$0.00$0.00 E 153-46500-588 EDA Programs$0.00$0.00$0.00 E 153-46500-622 TIF/Abatement Payments$0.00$0.00$0.00 E 153-49300-720 Transfers to Other Funds$0.00$0.00$0.00 FUND 153 TIF 4-1 Fortitude Senior Apts$1,045.00$0.00$0.00 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 17118 04/13/21 10:50 AM City of St. Joseph Page 2 EDA Expenditure Report Current Period: March 2021 2021March2021 Account DescrYTD Budget2021 AmtYTD Amt 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$990.00$0.00$0.00 E 157-46500-301 Audit & Accounting Services$0.00$0.00$0.00 E 157-46500-306 County TIF Admin Fee$0.00$0.00$0.00 E 157-46500-340 Advertising$55.00$0.00$0.00 E 157-46500-622 TIF/Abatement Payments$0.00$0.00$0.00 E 157-49300-720 Transfers to Other Funds$0.00$0.00$0.00 FUND 157 TIF 2-1 Millstream$1,045.00$0.00$0.00 FUND 158 TIF 2-2 Meat Market E 158-46500-101 Salaries$0.00$0.00$0.00 E 158-46500-121 PERA Contributions$0.00$0.00$0.00 E 158-46500-122 FICA Contributions$0.00$0.00$0.00 E 158-46500-123 Deferred Comp-Employer$0.00$0.00$0.00 E 158-46500-125 Medicare Contributions$0.00$0.00$0.00 E 158-46500-131 Health Insurance$0.00$0.00$0.00 E 158-46500-132 Dental Insurance$0.00$0.00$0.00 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 158-46500-306 County TIF Admin Fee$0.00$0.00$0.00 E 158-46500-340 Advertising$55.00$0.00$0.00 E 158-46500-622 TIF/Abatement Payments$0.00$0.00$0.00 FUND 158 TIF 2-2 Meat Market$555.00$0.00$0.00 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$990.00$0.00$0.00 E 159-46500-301 Audit & Accounting Services$0.00$0.00$0.00 E 159-46500-306 County TIF Admin Fee$0.00$0.00$0.00 E 159-46500-340 Advertising$55.00$0.00$0.00 E 159-46500-622 TIF/Abatement Payments$0.00$0.00$0.00 E 159-49300-720 Transfers to Other Funds$0.00$0.00$0.00 FUND 159 TIF 2-3 Bayou Blues/Alley Flat$1,045.00$0.00$0.00 FUND 220 Lodging Tax E 220-46500-300 Professional Services$3,000.00$750.00$2,250.00 E 220-46500-309 Visitors Bureau$10,500.00$328.35$467.35 E 220-46500-328 Marketing$2,000.00$0.00$900.00 E 220-46500-331 Travel & Conference Expense$0.00$0.00$0.00 E 220-46500-340 Advertising$550.00$0.00$0.00 FUND 220 Lodging Tax$16,050.00$1,078.35$3,617.35 FUND 225 DEED CDAP Grant E 225-46500-300 Professional Services$0.00$0.00$0.00 18129 04/13/21 10:50 AM City of St. Joseph Page 3 EDA Expenditure Report Current Period: March 2021 2021March2021 Account DescrYTD Budget2021 AmtYTD Amt E 225-46500-340 Advertising$0.00$0.00$0.00 FUND 225 DEED CDAP Grant$0.00$0.00$0.00 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$0.00 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$0.00 FUND 250 Revolving Loan Fund$0.00$0.00$0.00 $150,050.00$4,996.77$21,255.93 101319 04/13/21 10:50 AM City of St. Joseph Page 1 EDA Revenue Report Current Period: March 2021 2021March2021 Account DescrSOURCYTD Budget2021 AmtYTD Amt FUND 150 Economic Development R 150-46500-31010 Current Ad Valorem Taxes31010$119,905.00$0.00$0.00 R 150-46500-33160 Federal Grants - Other33160$0.00$0.00$0.00 R 150-46500-33430 Other Grants/Aids33430$0.00$0.00$0.00 R 150-46500-34150 TIF/MIF Deposit34150$0.00$0.00$0.00 R 150-46500-34160 Tax Abatement Reimbursement34160$9,385.00$0.00$0.00 R 150-46500-36210 Interest Earnings36210$1,020.00-$173.91-$230.74 R 150-49302-36260 Surplus Property36260$0.00$0.00$0.00 R 150-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00 FUND 150 Economic Development$130,310.00-$173.91-$230.74 FUND 153 TIF 4-1 Fortitude Senior Apts R 153-46500-31050 Tax Increment31050$0.00$0.00$0.00 R 153-46500-34150 TIF/MIF Deposit34150$0.00$0.00$0.00 R 153-46500-36210 Interest Earnings36210$100.00-$20.66-$33.62 R 153-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00 FUND 153 TIF 4-1 Fortitude Senior Apts$100.00-$20.66-$33.62 FUND 157 TIF 2-1 Millstream R 157-46500-31050 Tax Increment31050$0.00$0.00$0.00 R 157-46500-36210 Interest Earnings36210$500.00-$62.39-$106.12 FUND 157 TIF 2-1 Millstream$500.00-$62.39-$106.12 FUND 158 TIF 2-2 Meat Market R 158-46500-31050 Tax Increment31050$0.00$0.00$0.00 R 158-46500-36210 Interest Earnings36210$25.00-$0.61-$2.41 R 158-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00 FUND 158 TIF 2-2 Meat Market$25.00-$0.61-$2.41 FUND 159 TIF 2-3 Bayou Blues/Alley Flat R 159-46500-31050 Tax Increment31050$0.00$0.00$0.00 R 159-46500-36210 Interest Earnings36210$25.00-$6.25-$6.97 R 159-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00 FUND 159 TIF 2-3 Bayou Blues/Alley Flat$25.00-$6.25-$6.97 FUND 220 Lodging Tax R 220-46500-31600 Lodging Tax31600$10,500.00$0.00$0.00 R 220-46500-34409 Marketing34409$1,500.00$0.00$0.00 R 220-46500-36210 Interest Earnings36210$600.00-$36.99-$78.09 R 220-46500-36230 Contributions - General36230$0.00$0.00$0.00 FUND 220 Lodging Tax$12,600.00-$36.99-$78.09 FUND 225 DEED CDAP Grant R 225-46500-34200 DEED Housing Reimbursement34200$0.00$0.00$0.00 R 225-46500-36210 Interest Earnings36210$850.00-$87.86-$148.61 R 225-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00 FUND 225 DEED CDAP Grant$850.00-$87.86-$148.61 FUND 250 Revolving Loan Fund R 250-46500-36210 Interest Earnings36210$3,000.00-$382.97-$674.02 R 250-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00 R 250-46500-39320 Loan Principal39320$11,140.00$1,012.52$2,817.30 R 250-46500-39321 Loan Interest39321$2,145.00$191.21$538.87 R 250-46500-39322 Loan Origination Fee39322$0.00$0.00$0.00 111420 04/13/21 10:50 AM City of St. Joseph Page 2 EDA Revenue Report Current Period: March 2021 2021March2021 Account DescrSOURCYTD Budget2021 AmtYTD Amt FUND 250 Revolving Loan Fund$16,285.00$820.76$2,682.15 $160,695.00$432.09$2,075.59 121521 3,228.41 2021 63,316.00 65,135.75 266,598.32 200,053.91263,369.91 3/31 113,489.25 3/31through through 500.00 45,500.00 EDA 45,000.0045,000.00 Plan 2020 0 16, 2020 7, Award178,625.00 June 2,728.41 18,316.00 221,098.32 200,053.91218,369.91 ReserveBudgetGrants/AidsSpentBalance202120212021Balance Expenditures 131622 Available Improvement 12/31/202 December Capital Capital Recommended: Adopted 2021 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 CVB2021FinancialSummary AsofMarch31,2021 BeginningFundBalance1121$22,240.04 BudgetYTDRev Customer20212021 InterestEarnings$600.00$(78.09) TshirtSales$1,000.00$ BeanieHatSales$500.00$ RodewayInnLodgingTax υВͲЉЉЉ͵ЉЉ$ υЉ$ CSBLodgingTax ЊͲЉЉЉ͵Љ EstatesB&BLodgingTax υЎЉЉ͵ЉЉ$ $12,600.00$(78.09) BudgetYTDExp Vendor20212021 BrunoPresssocialmediacampaign$9,000.00$2,250.00 GreaterSt.CloudVisitor'sGuide$350.00$ RubinskiWorksVideos$2,000.00$ Website/Joetownmn.comHosting$500.00$467.35 ShopSmall/WinterwalkPostcards$500.00$ Marketing$1,100.00$ MarketingSHRPA$900.00$900.00 Krillan,Inc.Tshirts/Caps$1,500.00$ NewcomerServiceMagazineAd$200.00$ $16,050.00$3,617.35 EndingCashBalance33121$18,544.60 EDAFund150Budget:BudgetYTDSpent 2021StrategicPlan$2,000.00$1,000.00 20213monthsPictures$1,800.00$1,200.00 $3,800.00$2,200.00 141723 EDAAgenda Item 4c MEETING DATE: April 20, 2021 AGENDA ITEM: 2020 Annual TIF Reports Preparation SUBMITTED BY: Finance BOARD/COMMISSION/COMMITTEE/COUNCIL RECOMMENDATION: N/A PREVIOUS EDA ACTION: Approved Northland Securities to complete annual TIF reporting beginning with the 2016 reports. BACKGROUND INFORMATION: Annually the EDA and City must report a summary of the activity in each tax increment fund to the State Auditor whether or not the projects are completed. For 2020, the reports include six reports for the following TIF projects: TIF 1-4 St. Joseph Development, LLC TIF 2-1 Millstream Shops and Lofts TIF 2-2 St. Joseph Meat Market TIF 2-3 Bayou Blues and Alley Flats TIF 3-1 Central MN Credit Union Call Center TIF 4-1 Fortitude Senior Housing TIF 1-4 has been decertified; however, the City must report annually until the forgivable loans for the Meat Market and Bello Cucina are paid off in 2021. City staff completes the TIF reporting for TIF 1-4 St. Joseph Development and TIF 2-2 St. Joseph Meat Market. Due to the complexities of the TIF law and reporting updates, staff recommends Northland Securities. The reports will be $1,000 per TIF report they prepare since they completed the reporting the previous three years. Northland Securities will also review TIF 2-2 prepared by the City for $215. The reporting is paid for with the administrative fees withheld from the increment collected. BUDGET/FISCAL IMPACT: $4,215.00 ATTACHMENTS: Request for EDA Action –TIF Reports Preparation Northland Securities Proposal REQUESTED COUNCIL ACTION: Consider accepting consulting services for TIF reports preparation for TIF 2-1, TIF 2-3, TIF 3-1 and TIF 4-1. Also consider consulting fees to review the staff prepared TIF 2-2. 18 April5,2021Sentviaemail:lbartlett@cityofstjoseph.com LoriBartlett,FinanceDirector CityofSt.Joseph 75CallawayStreetE. St.Joseph,MN56374 RE:AnnualTIFReportingtoOfficeofStateAuditor DearLori: ThepurposeofthisletteristoofferyoutheservicesofNorthlandPublicFinanceto assistyouwiththeprocessofmakingplansforthecompletionandsubmissionofthe mandatedreportsfortaxincrementfinancing(TIF)districtsforyearendingDecember 31,2020. WeconsidertheannualreportingprocesstobeagreattimetoreviewexistingTIF districtsforpotentialopportunities,includingpoolingoffundsandreviewof outstandingobligations.Weviewandundertaketheprocessasmuchmorethanan accountingaccessandfillingoutaformonyourbehalf. Ifyouareinterestedinourservices,pleasecontactme.Reportswillbemadeavailable fromtheOfficeoftheStateAuditor(OSA)andwillbeduetotheOSAbyAugust1, 2021. ThereareseveralwaysthatNorthlandcanassistyouinthereportingprocess. 1.Northlandwillprepareandsubmitthereportsonyourbehalf. 2.NorthlandwillprovidetechnicalassistancetohelpCitystafforyour accounting/auditfirmtopreparethereports. 3.NorthlandwillreviewandcommentonreportspreparedbytheCity. Theremainderofthisletterdescribestheseserviceoptionsingreaterdetail.These servicesqualifyasadministrativeexpenseandthecostcanbepaidfromtaxincrements, subjecttotheauthorizationsinyourTIFplans. FullService Inthisoption,Northlandwillprepareandsubmitreportsinaccordancewithstatutory requirements.Northlandwillalsopreparethesummarystatementforpublication.The Cityisresponsibleforproviding2020financialstatementsforeachdistrict, documentationonallplanmodificationsmadein2020,supportingdocumentationonall 150SouthFifthStreet,Suite3300,Minneapolis,MN55402 Main:(612)851-5900/Direct:(612)851-4964/Email:tomdal@northlandsecurities.com MemberFINRAandSIPC|RegisteredwithSECandMSRB 19 AnnualTIFReporting April5,2021 Page2 revenuesandexpendituresandcopiesofTIFPlansanddevelopmentagreements.The costofthisserviceprovidedbyNorthlandhasnotchanged,andisasfollows: Aflatfeeof$1,000perdistrictappliestodistrictswherethe2019reportwas preparedbyNorthland. Aflatfeeof$1,400perdistrictappliestodistrictswherethe2019reportwasnot preparedbyNorthland. Aflatfeeof$2,000perdistrictwherefiscalyear2020isthefirstyearofreporting. ThesefeesassumethatallworkisperformedinNorthland’soffice.Ifon-siteworkis needed,theadditionalfeewillbecalculatedandagreedtobytheCitybeforemakingthe sitevisit. TechnicalAssistance Northland’sserviceinatechnicalassistancecapacitywillbedeterminedonacase-by- casebasis.Thescopeofworkandfeewillbedeterminedbythenumberofdistricts,the statusofpastreportingandtheexpertiseofstaffpreparingthereports.Basedon experience,thecostofthisserviceistypically$1,500(orless)coveringalldistricts. ReviewandComment NorthlandwillreviewandcommentonTIFreportspreparedbytheCityforaflatfeeof $215perdistrict. AuthorizationwithOfficeoftheStateAuditor IfyoudeterminetohaveNorthlandassistyouwiththefilingofyourreports,theCity willneedtoauthorizeNorthlandtofileitsformswiththeOSA,ifpriorauthorizationis notalreadyinplace.YoumaydosobycompletingtheSAFESAuthorizationForm whichisattachedtothisletter. NextSteps Welookforwardtoworkingwithyoutocreatethereportingservicethatbestmeets yourneeds.Pleasecontactmeifyouareinterestedinoneoftheserviceoptions.Wecan alsodiscussadifferentserviceapproachthatbetterfitsyourneeds.Icanbereachedat (612)851-4964ortomdal@northlandsecurities.com. Sincerely, NORTHLANDSECURITIES,INC. TammyOmdal ManagingDirector Attachments(1) 20 EDA Agenda Item 6 MEETING DATE: th April 20, 2021 AGENDA ITEM: 6 SUBMITTED BY: Nate Keller, Community Development Director Mary Bruno, CVB Director STAFF RECOMMENDATION: PREVIOUS BOARD ACTION: th The EDA approved to authorize $1,800 towards content creation in the form of photos at the January 19 EDA meeting. BACKGROUND INFORMATION: Rubinski visuals and Mary Bruno have completed three straight months of photo and social media development. The initiative was a huge success. The rate of engagement on the CVB social media pages leaped tremendously. Over 530 photo images were captured, and 10 short videos created. This is much more than originally anticipated and expected (36-48 photo/video posts in original agreement) so the rate of content for cost greatly exceeded expectations. Mary will be providing a brief overview of the success. She will depict some of the data of how this project helped grow followers, likes, and led to increased interest and engagement in our community through amazing visuals and stories. BUDGET/FISCAL IMPACT: None at this time. A explore MN grant can be utilized to continue an additional three months of content development. Depending on how much additional content is developed and what is still needed after these next three months the need to gather more pics/content may be needed requested at future EDA meeting. ATTACHMENTS: Photo examples Social media graphics – taken from drafted CVB Strategic Pla REQUESTED BOARD ACTION: Staff is looking for feedback, and comments. Staff would also like the Commission to offer input on what other areas of the community should be photo’d or stories told so Mary can capture those and have a list ahead of time. 152124 ^ Taken from page 7 of the drafted Strategic Plan 162225 172326 182427 192528 202629 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 212730 Total Control Panel Login To: nkeller@cityofstjoseph.comRemove this sender from my allow list From: mary@mcbrunopress.com You received this message because the sender is on your allow list. 222831 EDA Agenda Item 7 MEETING DATE: th April 20, 2021 AGENDA ITEM: 7 SUBMITTED BY: Nate Keller, Community Development Director STAFF RECOMMENDATION: Staff is recommending to proceed ahead with final draft. PREVIOUS BOARD ACTION: th The EDA approved to authorize $2,000 towards a Strategic Plan for the CVB at the January 19 EDA meeting. BACKGROUND INFORMATION: Carolyn Dyrdahl from Marketing Connection (consultant) has provided a first draft of the Strategic Plan. th Mary Bruno and I met with the her on April 13and have already provided some preliminary feedback (not reflected in the drafted copy in packets). The feedback was fairly minimal and we do not anticipate huge changes to the plan at this time. Staff wanted to provide this first draft to obtain any further feedback, concerns, comments. th Staff will then bring back a final draft to the May 18EDA meeting. The final draft will also go to the thth CVB at their May 10 meeting and City Council at their May 17 meeting. BUDGET/FISCAL IMPACT: None – drafting of the plan has stayed within the $2,000 allocation. Any additional edits/revisions needed based on feedback will be incorporated as part of the original agreement and be covered with the $2,000 allocation. The consultant has agreed to this plan of action. ATTACHMENTS: 1. Original contract agreement 2. Strategic Plan draft REQUESTED BOARD ACTION: Staff is looking for feedback, comments, concerns before a final draft is presented in May. 232932 243033 253134 263235 273336 283437 293538 303639 313740 323841 333942 344043 354144 364245 374346 384447 394548 404649 414750 424851 434952