HomeMy WebLinkAbout07.20.21
www.cityofstjoseph.com
St. Joseph Economic Development Authority
th
July 20
, 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
a.Minutes – Requested Action: Approve the minutes of May 18th, 2021
b.Financial Report – Requested Action: Accept the May and June 2021 Financial
Reports as presented.
c.TIF report – Requested Action: Accept the TIF report and summary publication
5.Fire/Village Hall proposal
6.2022 Budget
7.Urban Land Institute – workshop
8.Business/Development Updates – BR&E
9.Board Member Announcements
10.Adjourn
Zoom Meeting Information
Join Zoom Meeting
https://us06web.zoom.us/j/84501114490?pwd=WGh3WExCSkt4d0dtZHM0aWg1bk9XQT09
Meeting ID: 845 0111 4490
Passcode: 527656
One tap mobile
+19292056099,,84501114490#,,,,*527656# US (New York)
+13017158592,,84501114490#,,,,*527656# 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: 845 0111 4490
Passcode: 527656
Find your local number: https://us06web.zoom.us/u/kEJCUTrwJ
75 Callaway Street East | Saint Joseph, Minnesota 56374
1
Email: cityoffices@cityofstjoseph.com | Phone: 320.363.7201 | Fax 320.363.0342
May 18th, 2021
Page 1 of 1
Pursuant to due call and notice thereof, the St. Joseph Economic Development Authority met on
th
Tuesday, May 18, 2021 at 12:00 PM via Zoom Meeting.
Members Present: Board Members Kevin Kluesner, Larry Hosch, Doug Danielson, Rick Schultz
Members Absent: Dale Wick
City Representatives Present: Community Development Director Nate Keller
Others Present: Carolyn Dyrdahl, CVB Strategic Plan consultant
Cory Ehlert
Schultz called the St. Joseph Economic Development Authority meeting to order at 12:01 PM
Agenda Approval: Danielson made a motion to approve the agenda as presented; seconded by
Hosch and passed unanimously by those present.
Consent Agenda: Kluesner made a motion to approve the consent agenda as follows; seconded
by Danielson and passed unanimously by those present.
a.Minutes - Approved the minutes of April 20th, 2021
b.Financial Report - Accepted the April Financial Report as presented.
CVB – Strategic Plan Final Draft
Ms. Dyrdahl presented the Final draft to EDA Commissioners. Questions were asked related to timelines,
priorities, and implementation. Keller will work with Mary Bruno and review the Strategic Plan annually to
update/revise as needed.
Kluesner made a motion to approve the CVB Strategic Plan final draft; seconded by Danielson and
passed unanimously by those present.
DEED Grant Discussion
Keller highlighted background as it relates to investigation of a DEED grant for the JR Mobile site.
Questions asked included: how projects are chosen, priority of projects, past project applicability for
grants, and estimated costs of Phase 1, 2, and Response Action Plan. Keller provided more background
on how this project fits under the grant criteria, how other projects differ, details on why the project is
being presented and timelines. Keller stated he will also follow-up with EDA via email on how projects fit
under the grant.
Cory Ehlert explained the vision of the site to EDA members.
Keller stated if the EDA supports continued pursuit of the grant staff will work with developer and MPCA
on next steps and then bring a formal grant request with dollar amounts to a future meeting.
Danielson made a motion to proceed ahead with investigation of the DEED grant for the JR Mobile
site; seconded by Schultz and passed unanimously by those present.
Business/Development Updates – BR&E
Keller will follow-up via email with dates/times for upcoming BR&E visits in June.
Board Member Announcements:
None
Adjourn: Schultz made a motion to adjourn the meeting at 1:02 PM, seconded by Danielson and
passed unanimously by those present.
Nate Keller
Community Development Director
2
EDAAgenda Item 4a and b
________________________
MEETING DATE: July 20, 2021
AGENDA ITEM: May/June 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 June 30, 2021 (includes the May activity).
The ending undesignated balance shows a surplus of $60,422. The designated project balance is
$66,544 for economic development programs. 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 $218,926 on June
th
30, including $200,054 reserved balance from the EDA fund to be used for future economic
development projects; $18,872 is available from the State’s RLF fund for future loan requests.
th
The Lodging Tax fund has a balance of $17,739 on June 30. 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 lodging tax
revenue starting coming in June for the May taxes. In addition, the 2019 and 2020 t-shirt and beanie hat
proceeds were 95% received. This provides the CVB funds to purchase their budgeted $1,500 in
merchandise for sale. Of question, the Minnesota Street Market would like to sell the merchandise for
$25 with 25% of the sale proceeds retained by the Minnesota Street Market for stocking and overhead
fees. The Co-Op is now the only businesses selling merchandise for the CVB. Staff is reviewing statutes
to ensure this is legal.
The 2018 Housing Rehab grant administered by Central MN Housing Partnership has a balance of
$40,440. CMHP stated they have applications pending to use up the remaining grant dollars before the
end of the year. 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 Revenue Report
EDA Expenditure Report
EDA Summary CIP
CVB Financial Summary
3
REQUESTED BOARD ACTION: Consider acceptance of the May and June financial reports.
4
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
June 2021
Fund 150, EDA Balance as of December 31, 2020 (Audited)
113,996.95
BudgetYTD Actual
Year to Date Revenue:
Interest Earnings 1,020 (2.98)
TIF/MIF Deposit - -
MN Tourism Grant - -
DEED Housing Federal Grant Proceeds - 24,696.25
Abatement Reimbursement (School District) 9,385 -
Ad Valorem Taxes 119,905 44,491.57
Total Revenue 130,310 69,184.84
Year to Date Expenditures by Object:
Board Stipends 1,050(175.00)
Staff Salaries/Training 40,995 (21,098.45)
Workers Comp Premium2 20 -
Software Support/Office Supplies 1,945 (721.26)
Professional Services 1,200 (3,800.00)
Legal/Engineering Fees 3,000 -
Telephone 1,400 (724.90)
Greater St. Cloud Development Investment 5,000 (5,000.00)
Business Round Table Outreach - -
Advertising - -
Abatement Payments (Country Manor) 30,000 -
CM Housing Grant Reimbursement - (24,696.25)
Computers5 00 -
EDA Programs 45,000 -
Transfer to Other Funds - -
Total Expenses 130,310 (56,215.86)
Fund Summaries as of June 30, 2021:
EDA Fund Balance - Fund 150 - unaudited, cash balance
126,965.93
Designated for Capital Programs 66,544.41
Designated for CVB Strategic Plan/Photos-remaining balance -
Undesignated 60,421.52
TIF 4-1 Fortitude Senior Apts Fund Balance - Fund 153 35,133.98
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157
49,361.60
TIF 2-2 St. Joseph Meat Market Fund Balance - Fund 158
3,535.56
TIF 2-3 Bayou Blues & Alley Flats Fund Balance - Fund 159
3,372.22
Lodging Tax Fund Balance - Fund 22017,738.95
DEED CDAP Grant Fund Balance - Fund 225
44,257.21
Revolving Loan Fund Balance - Fund 250
218,925.92
Designated for Revolving Loan Program 18,872.01
Designated for Economic Development 200,053.91
5
07/14/21 4:15 PM
City of St. Joseph
Page 1
EDA Revenue Report
Current Period: June 2021
2021June2021
Account DescrSOURCYTD Budget2021 AmtYTD Amt
FUND 150 Economic Development
R 150-46500-31010 Current Ad Valorem Taxes31010$119,905.00$44,491.57$44,491.57
R 150-46500-33160 Federal Grants - Other33160$0.00$0.00$24,696.25
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$159.09-$2.98
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$44,650.66$69,184.84
FUND 153 TIF 4-1 Fortitude Senior Apts
R 153-46500-31050 Tax Increment31050$0.00$24,019.76$24,019.76
R 153-46500-34150 TIF/MIF Deposit34150$0.00$0.00$0.00
R 153-46500-36210 Interest Earnings36210$100.00$21.76-$2.74
R 153-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
FUND 153 TIF 4-1 Fortitude Senior Apts$100.00$24,041.52$24,017.02
FUND 157 TIF 2-1 Millstream
R 157-46500-31050 Tax Increment31050$0.00$16,302.01$16,302.01
R 157-46500-36210 Interest Earnings36210$500.00$64.71-$14.27
FUND 157 TIF 2-1 Millstream$500.00$16,366.72$16,287.74
FUND 158 TIF 2-2 Meat Market
R 158-46500-31050 Tax Increment31050$0.00$3,209.66$3,209.66
R 158-46500-36210 Interest Earnings36210$25.00$0.64-$1.51
R 158-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
FUND 158 TIF 2-2 Meat Market$25.00$3,210.30$3,208.15
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
R 159-46500-31050 Tax Increment31050$0.00$12,508.53$12,508.53
R 159-46500-36210 Interest Earnings36210$25.00$6.58$2.37
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$12,515.11$12,510.90
FUND 220 Lodging Tax
R 220-46500-31600 Lodging Tax31600$10,500.00$810.12$810.12
R 220-46500-33400 State Grants and Aids33400$0.00$775.00$775.00
R 220-46500-34409 Marketing34409$1,500.00$2,060.00$2,735.00
R 220-46500-36210 Interest Earnings36210$600.00$34.33-$28.86
R 220-46500-36230 Contributions - General36230$0.00$0.00$0.00
FUND 220 Lodging Tax$12,600.00$3,679.45$4,291.26
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$90.71-$19.72
R 225-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
FUND 225 DEED CDAP Grant$850.00$90.71-$19.72
FUND 250 Revolving Loan Fund
R 250-46500-36210 Interest Earnings36210$3,000.00$423.02-$74.58
R 250-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
R 250-46500-39320 Loan Principal39320$11,140.00$1,020.14$5,867.16
R 250-46500-39321 Loan Interest39321$2,145.00$183.59$1,100.19
6
07/14/21 4:15 PM
City of St. Joseph
Page 2
EDA Revenue Report
Current Period: June 2021
2021June2021
Account DescrSOURCYTD Budget2021 AmtYTD Amt
R 250-46500-39322 Loan Origination Fee39322$0.00$0.00$0.00
FUND 250 Revolving Loan Fund$16,285.00$1,626.75$6,892.77
$160,695.00$106,181.22$136,372.96
7
07/14/21 4:15 PM
City of St. Joseph
Page 1
EDA Expenditure Report
Current Period: June 2021
2021June2021
Account DescrYTD Budget2021 AmtYTD Amt
FUND 150 Economic Development
E 150-46500-101 Salaries$27,295.00$3,525.90$14,768.37
E 150-46500-103 Legislative Bodies$1,050.00$0.00$175.00
E 150-46500-121 PERA Contributions$2,045.00$264.42$1,107.54
E 150-46500-122 FICA Contributions$1,630.00$217.09$907.55
E 150-46500-123 Deferred Comp-Employer$455.00$26.25$105.00
E 150-46500-125 Medicare Contributions$380.00$50.76$212.22
E 150-46500-130 H S A- Employer Contribution$790.00$393.75$787.50
E 150-46500-131 Health Insurance$5,460.00$442.62$2,655.71
E 150-46500-132 Dental Insurance$415.00$27.78$199.89
E 150-46500-133 Life Insurance$25.00$2.33$11.65
E 150-46500-134 Disabilty Insurance$285.00$22.30$22.30
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$33.37
E 150-46500-215 Software Support$1,445.00$0.00$687.89
E 150-46500-300 Professional Services$1,200.00$1,000.00$3,800.00
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$24,696.25
E 150-46500-321 Telephone$1,400.00$144.50$724.90
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$320.72
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$6,117.70$56,215.86
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
8
07/14/21 4:15 PM
City of St. Joseph
Page 2
EDA Expenditure Report
Current Period: June 2021
2021June2021
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$5,250.00
E 220-46500-309 Visitors Bureau$10,500.00$0.00$1,842.35
E 220-46500-328 Marketing$2,000.00$580.00$1,700.00
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$1,330.00$8,792.35
FUND 225 DEED CDAP Grant
E 225-46500-300 Professional Services$0.00$0.00$3,125.00
9
07/14/21 4:15 PM
City of St. Joseph
Page 3
EDA Expenditure Report
Current Period: June 2021
2021June2021
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$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$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$7,447.70$68,133.21
10
07/14/21 4:14 PM
City of St. Joseph
Page 1
EDA Balance Sheet
Current Period: June 2021
YTDYTDCurrent
FUND DescrAccount DescrBegin YrDebitCreditBalance
FUND 150 Economic Development
Economic DevelopmentG 150-10100 Cash$111,121.79$76,433.33$73,089.19$114,465.93
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$80,162.44$93,131.42-$126,965.93
FUND 150 Economic Development$0.00$175,405.36$175,405.36$0.00
FUND 153 TIF 4-1 Fortitude Senior Apts
TIF 4-1 Fortitude SeniorG 153-10100 Cash$11,148.87$24,057.02$71.91$35,133.98
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$24,108.12-$35,133.98
FUND 153 TIF 4-1 Fortitude Senior Apts$0.00$24,199.22$24,199.22$0.00
FUND 157 TIF 2-1 Millstream
TIF 2-1 MillstreamG 157-10100 Cash$32,821.83$18,295.09$1,755.32$49,361.60
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$19,987.52-$49,361.60
FUND 157 TIF 2-1 Millstream$0.00$23,687.30$23,687.30$0.00
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat MarketG 158-10100 Cash$333.57$3,210.90$8.91$3,535.56
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$3,219.19-$3,535.56
FUND 158 TIF 2-2 Meat Market$0.00$3,230.23$3,230.23$0.00
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
TIF 2-3 Bayou Blues/AllG 159-10100 Cash$3,372.23$12,519.18$19.19$15,872.22
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$12,532.09-$3,372.22
FUND 159 TIF 2-3 Bayou Blues/Alley Flat$0.00$12,553.28$12,553.28$0.00
FUND 220 Lodging Tax
Lodging TaxG 220-10100 Cash$22,164.03$4,404.60$8,829.68$17,738.95
Lodging TaxG 220-10450 Interest Receivable$55.10$0.00$55.10$0.00
11
07/14/21 4:14 PM
City of St. Joseph
Page 2
EDA Balance Sheet
Current Period: June 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$8,905.69$4,404.60-$17,738.95
FUND 220 Lodging Tax$0.00$13,310.29$13,310.29$0.00
FUND 225 DEED CDAP Grant
DEED CDAP GrantG 225-10100 Cash$47,311.21$159.59$3,213.59$44,257.21
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$3,304.31$159.59-$44,257.21
FUND 225 DEED CDAP Grant$0.00$3,463.90$3,463.90$0.00
FUND 250 Revolving Loan Fund
Revolving Loan FundG 250-10100 Cash$211,383.92$7,947.99$405.99$218,925.92
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$19,947.23-$218,925.92
FUND 250 Revolving Loan Fund$0.00$100,660.42$100,660.42$0.00
$0.00$356,510.00$356,510.00$0.00
12
CVB2021FinancialSummary
AsofJune30,2021
BeginningFundBalance1121$22,240.04
BudgetYTDRev
Customer20212021
InterestEarnings$600.00$(28.86)
TshirtSales$1,000.00$2,715.00
BeanieHatSales$500.00$20.00
ExploreMNGrant$$775.00
RodewayInnLodgingTax υВͲЉЉЉ͵ЉЉ$810.12
CSBLodgingTax υЊͲЉЉЉ͵ЉЉ$
EstatesB&BLodgingTax υЎЉЉ͵ЉЉ$
$12,600.00$4,291.26
BudgetYTDExp
Vendor20212021
BrunoPresssocialmediacampaign$9,000.00$5,250.00
GreaterSt.CloudVisitor'sGuide$350.00$775.00
RubinskiWorksVideos$2,000.00$
Website/Joetownmn.comHosting$500.00$687.35
ShopSmall/WinterwalkPostcards$500.00$
MarketingPhotos$1,100.00$600.00
MarketingSHRPA$900.00$900.00
Krillan,Inc.Tshirts/Caps$1,500.00$
MNTrailsMagazineAd$$580.00
NewcomerServiceMagazineAd$200.00$
$16,050.00$8,792.35
EndingCashBalance63021$17,738.95
EDAFund150Budget:BudgetYTDSpent
2021StrategicPlan$2,000.00$2,000.00
20213monthsPictures$1,800.00$1,800.00
$3,800.00$3,800.00
13
3,228.41
2021
63,316.00 40,439.50
266,598.32
200,053.91263,369.91
6/30
138,185.50
6/30through
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
14
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 40,439.50
266,598.32
200,053.91263,369.91
6/30
138,185.50
6/30through
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
15
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
07/14/21 4:16 PM
City of St. Joseph
Page 1
Expenditure Guideline CDD
Current Period: June 2021
2021 YTDJune2021
Account DescrBudget2021 AmtYTD AmtBalance
FUND 101 General
DEPART 41910 Planning and Zoning
E 101-41910-101 Salaries$55,015.00$6,548.13$27,427.08$25,405.21
E 101-41910-121 PERA Contributions$3,800.00$491.13$2,057.11$1,579.18
E 101-41910-122 FICA Contributions$3,290.00$403.17$1,685.41$1,470.67
E 101-41910-123 Deferred Comp-Em$845.00$48.75$195.00$633.75
E 101-41910-125 Medicare Contributi$770.00$94.29$394.19$344.49
E 101-41910-130 H S A- Employer Co$1,465.00$731.25$1,462.50$2.50
E 101-41910-131 Health Insurance$10,140.00$821.98$4,931.89$4,797.12
E 101-41910-132 Dental Insurance$775.00$51.60$371.29$377.91
E 101-41910-133 Life Insurance$50.00$4.32$21.60$24.08
E 101-41910-134 Disabilty Insurance$530.00$41.40$41.40$447.20
E 101-41910-151 Workers Comp. Ins$345.00$0.00$0.00$345.00
E 101-41910-171 Clothing Allowance$130.00$0.00$0.00$130.00
E 101-41910-200 Office Supplies$500.00$0.00$35.00$465.00
E 101-41910-215 Software Support$215.00$0.00$0.00$215.00
E 101-41910-300 Professional Service$6,000.00$18.29$91.45$5,908.55
E 101-41910-303 Engineering Fee$3,500.00$0.00$537.60$2,962.40
E 101-41910-304 Legal Fees$1,000.00$589.00$855.00$145.00
E 101-41910-321 Telephone$0.00$44.92$215.34-$260.26
E 101-41910-322 Postage$150.00$0.00$0.00$150.00
E 101-41910-331 Travel & Conferenc$1,250.00$0.00$325.00$925.00
E 101-41910-340 Advertising$1,000.00$46.00$591.35$408.65
E 101-41910-350 Printing$500.00$0.00$0.00$500.00
E 101-41910-431 Annexation/Recordi$300.00$0.00$298.00$2.00
E 101-41910-433 Dues & Membershi$505.00$0.00$551.00-$46.00
E 101-41910-449 Property Tax Sharin$134,015.00$0.00$0.00$67,006.83
E 101-41910-451 Joint Planning$500.00$0.00$0.00$500.00
DEPART 41910 Planning and Zoni$226,590.00$9,934.23$42,087.21$114,439.28
FUND 101 General$226,590.00$9,934.23$42,087.21$114,439.28
FUND 150 Economic Development
DEPART 46500 Economic Development Authority
E 150-46500-101 Salaries$27,295.00$3,525.90$14,768.37$11,351.33
E 150-46500-103 Legislative Bodies$1,050.00$0.00$175.00$875.00
E 150-46500-121 PERA Contributions$2,045.00$264.42$1,107.54$849.32
E 150-46500-122 FICA Contributions$1,630.00$217.09$907.55$650.34
E 150-46500-123 Deferred Comp-Em$455.00$26.25$105.00$341.25
E 150-46500-125 Medicare Contributi$380.00$50.76$212.22$150.92
E 150-46500-130 H S A- Employer Co$790.00$393.75$787.50$2.50
E 150-46500-131 Health Insurance$5,460.00$442.62$2,655.71$2,582.98
E 150-46500-132 Dental Insurance$415.00$27.78$199.89$201.22
E 150-46500-133 Life Insurance$25.00$2.33$11.65$11.02
E 150-46500-134 Disabilty Insurance$285.00$22.30$22.30$240.40
E 150-46500-151 Workers Comp. Ins$220.00$0.00$0.00$220.00
E 150-46500-171 Clothing Allowance$70.00$0.00$0.00$70.00
E 150-46500-200 Office Supplies$500.00$0.00$33.37$466.63
E 150-46500-215 Software Support$1,445.00$0.00$687.89$757.11
E 150-46500-300 Professional Service$1,200.00$1,000.00$3,800.00-$2,600.00
E 150-46500-303 Engineering Fee$2,000.00$0.00$0.00$2,000.00
E 150-46500-304 Legal Fees$1,000.00$0.00$0.00$1,000.00
E 150-46500-308 Community Progra$0.00$0.00$24,696.25-$24,696.25
E 150-46500-321 Telephone$1,400.00$144.50$724.90$675.10
17
07/14/21 4:16 PM
Page 2
2021 YTDJune2021
Account DescrBudget2021 AmtYTD AmtBalance
E 150-46500-322 Postage$100.00$0.00$0.00$100.00
E 150-46500-328 Marketing$0.00$0.00$0.00$0.00
E 150-46500-331 Travel & Conferenc$1,750.00$0.00$320.72$1,429.28
E 150-46500-340 Advertising$0.00$0.00$0.00$0.00
E 150-46500-420 Depreciation$0.00$0.00$0.00$0.00
E 150-46500-433 Dues & Membershi$5,295.00$0.00$5,000.00$295.00
E 150-46500-582 Computer Software$500.00$0.00$0.00$500.00
E 150-46500-588 EDA Programs$45,000.00$0.00$0.00$45,000.00
E 150-46500-622 TIF/Abatement Pay$30,000.00$0.00$0.00$30,000.00
DEPART 46500 Economic Develop$130,310.00$6,117.70$56,215.86$72,473.15
DEPART 49300 Other Financing Uses
E 150-49300-720 Transfers to Other $0.00$0.00$0.00$0.00
DEPART 49300 Other Financing U$0.00$0.00$0.00$0.00
FUND 150 Economic Development$130,310.00$6,117.70$56,215.86$72,473.15
FUND 153 TIF 4-1 Fortitude Senior Apts
DEPART 46500 Economic Development Authority
E 153-46500-101 Salaries$0.00$0.00$0.00$0.00
E 153-46500-121 PERA Contributions$0.00$0.00$0.00$0.00
E 153-46500-122 FICA Contributions$0.00$0.00$0.00$0.00
E 153-46500-125 Medicare Contributi$0.00$0.00$0.00$0.00
E 153-46500-300 Professional Service$990.00$0.00$0.00$990.00
E 153-46500-306 County TIF Admin F$0.00$0.00$0.00-$68.88
E 153-46500-340 Advertising$55.00$0.00$0.00$55.00
E 153-46500-588 EDA Programs$0.00$0.00$0.00$0.00
E 153-46500-622 TIF/Abatement Pay$0.00$0.00$0.00$0.00
DEPART 46500 Economic Develop$1,045.00$0.00$0.00$976.12
DEPART 49300 Other Financing Uses
E 153-49300-720 Transfers to Other $0.00$0.00$0.00$0.00
DEPART 49300 Other Financing U$0.00$0.00$0.00$0.00
FUND 153 TIF 4-1 Fortitude Senior A$1,045.00$0.00$0.00$976.12
FUND 157 TIF 2-1 Millstream
DEPART 46500 Economic Development Authority
E 157-46500-101 Salaries$0.00$0.00$0.00$0.00
E 157-46500-121 PERA Contributions$0.00$0.00$0.00$0.00
E 157-46500-122 FICA Contributions$0.00$0.00$0.00$0.00
E 157-46500-123 Deferred Comp-Em$0.00$0.00$0.00$0.00
E 157-46500-125 Medicare Contributi$0.00$0.00$0.00$0.00
E 157-46500-132 Dental Insurance$0.00$0.00$0.00$0.00
E 157-46500-133 Life Insurance$0.00$0.00$0.00$0.00
E 157-46500-134 Disabilty Insurance$0.00$0.00$0.00$0.00
E 157-46500-300 Professional Service$990.00$0.00$0.00$990.00
E 157-46500-301 Audit & Accounting $0.00$0.00$0.00$0.00
E 157-46500-306 County TIF Admin F$0.00$0.00$0.00$0.00
E 157-46500-340 Advertising$55.00$0.00$0.00$55.00
E 157-46500-622 TIF/Abatement Pay$0.00$0.00$0.00$0.00
DEPART 46500 Economic Develop$1,045.00$0.00$0.00$1,045.00
DEPART 49300 Other Financing Uses
E 157-49300-720 Transfers to Other $0.00$0.00$0.00$0.00
DEPART 49300 Other Financing U$0.00$0.00$0.00$0.00
FUND 157 TIF 2-1 Millstream$1,045.00$0.00$0.00$1,045.00
18
07/14/21 4:16 PM
Page 3
2021 YTDJune2021
Account DescrBudget2021 AmtYTD AmtBalance
FUND 158 TIF 2-2 Meat Market
DEPART 46500 Economic Development Authority
E 158-46500-101 Salaries$0.00$0.00$0.00$0.00
E 158-46500-121 PERA Contributions$0.00$0.00$0.00$0.00
E 158-46500-122 FICA Contributions$0.00$0.00$0.00$0.00
E 158-46500-123 Deferred Comp-Em$0.00$0.00$0.00$0.00
E 158-46500-125 Medicare Contributi$0.00$0.00$0.00$0.00
E 158-46500-131 Health Insurance$0.00$0.00$0.00$0.00
E 158-46500-132 Dental Insurance$0.00$0.00$0.00$0.00
E 158-46500-133 Life Insurance$0.00$0.00$0.00$0.00
E 158-46500-134 Disabilty Insurance$0.00$0.00$0.00$0.00
E 158-46500-300 Professional Service$0.00$0.00$0.00$0.00
E 158-46500-301 Audit & Accounting $500.00$0.00$0.00$500.00
E 158-46500-306 County TIF Admin F$0.00$0.00$0.00-$9.20
E 158-46500-340 Advertising$55.00$0.00$0.00$55.00
E 158-46500-622 TIF/Abatement Pay$0.00$0.00$0.00$0.00
DEPART 46500 Economic Develop$555.00$0.00$0.00$545.80
FUND 158 TIF 2-2 Meat Market$555.00$0.00$0.00$545.80
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
DEPART 46500 Economic Development Authority
E 159-46500-101 Salaries$0.00$0.00$0.00$0.00
E 159-46500-121 PERA Contributions$0.00$0.00$0.00$0.00
E 159-46500-122 FICA Contributions$0.00$0.00$0.00$0.00
E 159-46500-123 Deferred Comp-Em$0.00$0.00$0.00$0.00
E 159-46500-125 Medicare Contributi$0.00$0.00$0.00$0.00
E 159-46500-132 Dental Insurance$0.00$0.00$0.00$0.00
E 159-46500-133 Life Insurance$0.00$0.00$0.00$0.00
E 159-46500-134 Disabilty Insurance$0.00$0.00$0.00$0.00
E 159-46500-300 Professional Service$990.00$0.00$0.00$990.00
E 159-46500-301 Audit & Accounting $0.00$0.00$0.00$0.00
E 159-46500-306 County TIF Admin F$0.00$0.00$0.00-$35.87
E 159-46500-340 Advertising$55.00$0.00$0.00$55.00
E 159-46500-622 TIF/Abatement Pay$0.00$0.00$0.00$0.00
DEPART 46500 Economic Develop$1,045.00$0.00$0.00$1,009.13
DEPART 49300 Other Financing Uses
E 159-49300-720 Transfers to Other $0.00$0.00$0.00$0.00
DEPART 49300 Other Financing U$0.00$0.00$0.00$0.00
FUND 159 TIF 2-3 Bayou Blues/Alley $1,045.00$0.00$0.00$1,009.13
FUND 220 Lodging Tax
DEPART 46500 Economic Development Authority
E 220-46500-300 Professional Service$3,000.00$750.00$5,250.00-$2,250.00
E 220-46500-309 Visitors Bureau$10,500.00$0.00$1,842.35$8,057.65
E 220-46500-328 Marketing$2,000.00$580.00$1,700.00$300.00
E 220-46500-331 Travel & Conferenc$0.00$0.00$0.00$0.00
E 220-46500-340 Advertising$550.00$0.00$0.00$550.00
DEPART 46500 Economic Develop$16,050.00$1,330.00$8,792.35$6,657.65
FUND 220 Lodging Tax$16,050.00$1,330.00$8,792.35$6,657.65
FUND 225 DEED CDAP Grant
DEPART 46500 Economic Development Authority
E 225-46500-300 Professional Service$0.00$0.00$3,125.00-$3,125.00
19
07/14/21 4:16 PM
Page 4
2021 YTDJune2021
Account DescrBudget2021 AmtYTD AmtBalance
E 225-46500-340 Advertising$0.00$0.00$0.00$0.00
DEPART 46500 Economic Develop$0.00$0.00$3,125.00-$3,125.00
FUND 225 DEED CDAP Grant$0.00$0.00$3,125.00-$3,125.00
FUND 250 Revolving Loan Fund
DEPART 46500 Economic Development Authority
E 250-46500-300 Professional Service$0.00$0.00$0.00$0.00
E 250-46500-304 Legal Fees$0.00$0.00$0.00$0.00
E 250-46500-317 Other fees$0.00$0.00$0.00$0.00
E 250-46500-434 Certification Fee$0.00$0.00$0.00$0.00
E 250-46500-455 Revolving Loan Pro$0.00$0.00$0.00$0.00
DEPART 46500 Economic Develop$0.00$0.00$0.00$0.00
FUND 250 Revolving Loan Fund$0.00$0.00$0.00$0.00
$376,640.00$17,381.93$110,220.42$194,021.13
20
07/14/21 4:25 PM
City of St. Joseph
Page 1
Revenue Guideline CDD
Current Period: June 2021
2021 YTDJune2021
Account DescrBudget2021 AmtYTD AmtBalance
FUND 150 Economic Development
DEPART 46500 Economic Development Authority
R 150-46500-31010 Current Ad Valorem Taxes$119,905.00$44,491.57$44,491.57$56,345.20
R 150-46500-33160 Federal Grants - Other$0.00$0.00$24,696.25-$24,696.25
R 150-46500-33430 Other Grants/Aids$0.00$0.00$0.00$0.00
R 150-46500-34150 TIF/MIF Deposit$0.00$0.00$0.00$0.00
R 150-46500-34160 Tax Abatement Reimburse$9,385.00$0.00$0.00$4,694.00
R 150-46500-36210 Interest Earnings$1,020.00$159.09-$2.98$1,022.98
DEPART 46500 Economic Development Auth$130,310.00$44,650.66$69,184.84$37,365.93
DEPART 49302 Other Financing Sources
R 150-49302-36260 Surplus Property$0.00$0.00$0.00$0.00
R 150-49302-39201 Transfers from Other Fund$0.00$0.00$0.00$0.00
DEPART 49302 Other Financing Sources$0.00$0.00$0.00$0.00
FUND 150 Economic Development$130,310.00$44,650.66$69,184.84$37,365.93
FUND 153 TIF 4-1 Fortitude Senior Apts
DEPART 46500 Economic Development Authority
R 153-46500-31050 Tax Increment$0.00$24,019.76$24,019.76-$34,313.94
R 153-46500-34150 TIF/MIF Deposit$0.00$0.00$0.00$0.00
R 153-46500-36210 Interest Earnings$100.00$21.76-$2.74$102.74
DEPART 46500 Economic Development Auth$100.00$24,041.52$24,017.02-$34,211.20
DEPART 49302 Other Financing Sources
R 153-49302-39201 Transfers from Other Fund$0.00$0.00$0.00$0.00
DEPART 49302 Other Financing Sources$0.00$0.00$0.00$0.00
FUND 153 TIF 4-1 Fortitude Senior Apts$100.00$24,041.52$24,017.02-$34,211.20
FUND 157 TIF 2-1 Millstream
DEPART 46500 Economic Development Authority
R 157-46500-31050 Tax Increment$0.00$16,302.01$16,302.01-$23,288.55
R 157-46500-36210 Interest Earnings$500.00$64.71-$14.27$514.27
DEPART 46500 Economic Development Auth$500.00$16,366.72$16,287.74-$22,774.28
FUND 157 TIF 2-1 Millstream$500.00$16,366.72$16,287.74-$22,774.28
FUND 158 TIF 2-2 Meat Market
DEPART 46500 Economic Development Authority
R 158-46500-31050 Tax Increment$0.00$3,209.66$3,209.66-$4,585.24
R 158-46500-36210 Interest Earnings$25.00$0.64-$1.51$26.51
DEPART 46500 Economic Development Auth$25.00$3,210.30$3,208.15-$4,558.73
DEPART 49302 Other Financing Sources
R 158-49302-39201 Transfers from Other Fund$0.00$0.00$0.00$0.00
DEPART 49302 Other Financing Sources$0.00$0.00$0.00$0.00
FUND 158 TIF 2-2 Meat Market$25.00$3,210.30$3,208.15-$4,558.73
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
DEPART 46500 Economic Development Authority
R 159-46500-31050 Tax Increment$0.00$12,508.53$12,508.53-$17,869.30
R 159-46500-36210 Interest Earnings$25.00$6.58$2.37$22.63
DEPART 46500 Economic Development Auth$25.00$12,515.11$12,510.90-$17,846.67
DEPART 49302 Other Financing Sources
R 159-49302-39201 Transfers from Other Fund$0.00$0.00$0.00$0.00
21
07/14/21 4:25 PM
Page 2
2021 YTDJune2021
Account DescrBudget2021 AmtYTD AmtBalance
DEPART 49302 Other Financing Sources$0.00$0.00$0.00$0.00
FUND 159 TIF 2-3 Bayou Blues/Alley Flat$25.00$12,515.11$12,510.90-$17,846.67
FUND 220 Lodging Tax
DEPART 46500 Economic Development Authority
R 220-46500-31600 Lodging Tax$10,500.00$810.12$810.12$9,603.64
R 220-46500-33400 State Grants and Aids$0.00$775.00$775.00-$775.00
R 220-46500-34409 Marketing$1,500.00$2,060.00$2,735.00-$1,235.00
R 220-46500-36210 Interest Earnings$600.00$34.33-$28.86$628.86
R 220-46500-36230 Contributions - General$0.00$0.00$0.00$0.00
DEPART 46500 Economic Development Auth$12,600.00$3,679.45$4,291.26$8,222.50
FUND 220 Lodging Tax$12,600.00$3,679.45$4,291.26$8,222.50
FUND 225 DEED CDAP Grant
DEPART 46500 Economic Development Authority
R 225-46500-34200 DEED Housing Reimburse$0.00$0.00$0.00$0.00
R 225-46500-36210 Interest Earnings$850.00$90.71-$19.72$869.72
DEPART 46500 Economic Development Auth$850.00$90.71-$19.72$869.72
DEPART 49302 Other Financing Sources
R 225-49302-39201 Transfers from Other Fund$0.00$0.00$0.00$0.00
DEPART 49302 Other Financing Sources$0.00$0.00$0.00$0.00
FUND 225 DEED CDAP Grant$850.00$90.71-$19.72$869.72
FUND 250 Revolving Loan Fund
DEPART 46500 Economic Development Authority
R 250-46500-36210 Interest Earnings$3,000.00$423.02-$74.58$3,074.58
R 250-46500-39320 Loan Principal$11,140.00$1,020.14$5,867.16$4,409.15
R 250-46500-39321 Loan Interest$2,145.00$183.59$1,100.19$884.47
R 250-46500-39322 Loan Origination Fee$0.00$0.00$0.00$0.00
DEPART 46500 Economic Development Auth$16,285.00$1,626.75$6,892.77$8,368.20
DEPART 49302 Other Financing Sources
R 250-49302-39201 Transfers from Other Fund$0.00$0.00$0.00$0.00
DEPART 49302 Other Financing Sources$0.00$0.00$0.00$0.00
FUND 250 Revolving Loan Fund$16,285.00$1,626.75$6,892.77$8,368.20
$160,695.00$106,181.22$136,372.96-$24,564.53
22
EDAAgenda Item 4c
MEETING DATE: July 20, 2021
AGENDA ITEM: 2020 Annual TIF Reports
SUBMITTED BY: Finance
STAFF RECOMMENATION: Review TIF report summary.
PREVIOUS BOARD ACTION: EDA hired Tammy Omdahl from Northland Securities to complete the
reporting forms for TIF 2-1, 2-3, 3-1, 4-1. Staff completed the remaining reporting forms.
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. The
st
reporting forms are due to the State Auditor by August 1of the following year and a summary must be
th
of the following year. In addition, the summary reports will be mailed to the
published by August 15
School District and Stearns County for their records. 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 (final report, decertified in 2020)
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.
The first half TIF proceeds were received in June and paid to the investors in July. TIF 2-2 St. Joseph Meat
Market is scheduled to decertify on 12/31/2021.
The attached TIF report summary will be submitted to the County and School District. The summary will
also be published in the St. Cloud Times. Complete forms are available at city hall.
BUDGET/FISCAL IMPACT: For Information Only
ATTACHMENTS: Request for EDA Action – Annual TIF Reports
Summary TIF Publication
REQUESTED BOARD ACTION: Consider acceptance of the 2020 TIF reports.
23
PUBLIC NOTICE
CITY OF SAINT JOSEPH, MINNESOTA
ANNUAL DISCLOSURE OF TAX INCREMENT DISTRICTS FOR THE
YEAR ENDED DECEMBER 31, 2020
(Minnesota Statutes, Section 469.175(5)
TIF 1-4TIF 2-1TIF 2-2TIF 2-3TIF 3-1TIF 4-1
St. Joe
Development Millstream St. Joseph Meat Central MN Fortitude Senior
LLCProjectMarketBayou BluesCredit UnionHousing
Current Net Tax Capacity$0$43,049$11,078$12,143$42,090$41,251
Original Net Tax Capacity$0$4,790$7,626$1,167$7,460$958
Captured Net Tax Capacity$0$38,259$3,452$10,976$34,630$40,293
Principal and Interest Payments$0$36,653$4,356$12,891$0$50,908
Due in 2021
Tax Increment Received in 2020$0$41,605$4,377$14,123$45,195$56,829
Tax increment Expended in 2020$0$38,673$4,255$13,961$48,369$52,055
Month / Year First Tax Incr. Receipt
May 2004July 2009July 2013July 2017June 2017June 2018
Date of Required Decertification
12/31/1212/31/3412/31/2112/31/4212/31/2512/31/43
Additional information regarding each district may be obtained from:
Lori Bartlett, Finance Director
City of Saint Joseph
75 Callway Street E.
Saint Joseph, MN 56374
320-363-7201
Publish: St. Joseph Newsleader, July 23, 2021
St Joseph TIF Publication FYE2020
24
EDA Agenda Item 5
MEETING DATE:
th
July 20, 2021
AGENDA ITEM:
5
SUBMITTED BY:
Nate Keller, Community Development Director
STAFF RECOMMENDATION:
Committee recommended awarding the RFP to Spring Hill Companies
PREVIOUS BOARD ACTION:
None
BACKGROUND INFORMATION:
Council approved awarding the RFP for the Village/Fire Hall building to Spring Hill Companies at their
st
June 21 meeting contingent on EDA recommendation on the proposal. Shannon Wiger from Spring Hill
will be presenting her proposal and overall vision for the site to the EDA.
BUDGET/FISCAL IMPACT:
Purchase agreement will be presented at Council meeting.
ATTACHMENTS:
None – Shannon will provide visuals at the meeting.
REQUESTED BOARD ACTION:
Staff is looking for a motion on the RFP proposal.
25
EDA Agenda Item
MEETING DATE:
th
July 20, 2021
AGENDA ITEM:
SUBMITTED BY:
Nate Keller, Community Development Director
STAFF RECOMMENDATION:
Staff is recommending to proceed ahead with 2022 budget recommendations
PREVIOUS BOARD ACTION:
Informal discussion took place previously on expansion of grant programs with EDA in general support
of idea. No formal action occurred.
th
CVB Committee discussed CVB budget at July 12
meeting.
BACKGROUND INFORMATION:
Staff is putting together budget proposals for 2022. Specific to the EDA are the following staff
recommendations:
Increase the Façade grant from $1,000 to $2,000
Increase the Demolition grant from $2,500 to $3,500
Allocate up to $5,000 towards the development of an Economic Development Strategic Plan
The main themes behind increasing the grant amounts are to:
Encourage more use of the program and increase beautification in the community
Provide more competitive offerings and grant matches
Façade and demolition grants come out of the “Business Development” grant funds (fund 150-46500-
588). The fund currently has $63,316. $45,000 was added to this fund in 2021. For 2022 the proposal for
this fund is to be $50,000. All grant funds would come from this budget item. Business development
funds have not been spent the past few years. Any unused funds get transferred to fund 250 (revolving
loan fund). Current balance of this fund is $200,054.
The overall goals of an Economic Development Strategic Plan would be to:
Build on the goals developed in the Comprehensive Plan with specific priorities
Develop specific implementation techniques
Evaluate the current business subsidy policy and recommend any changes to said policy
Provide specific information and processes for financial incentives (TIF, Tax abatement, etc.)
Chart the path and vision for the EDA for the next three years
Develop clear priorities on what areas or projects to focus on (including redevelopment sites)
26
Funds for the Strategic Plan can either come from professional services budget ($3,000 a year) or from
any of the business development funds. Staff would recommend not exceeding $5,000 for the Strategic
Plan.
Mary Bruno from the CVB will be in attendance to provide an overview of the 2022 CVB budget. Some
items plugged in right now based on discussions:
Wobegon trailhead map signage (TBD for price)
Bike racks (TBD for price)
Boosted social media posts (TBD)
MN Trails magazine (TBD)
St. Cloud visitor guide ad (TBD)
Mary and CVB are also exploring potential idea to go to a sponsorship or membership type offering. This
will provide active businesses with even more advertising and promo features. Mary will provide some
background (within the CVB Strategic Plan this was identified as a strategy worth exploring more in
order to diversify and increase funds).
BUDGET/FISCAL IMPACT:
Exact budget impact will depend on how many awards are given.
Current budget funds are more than sufficient to cover increasing the grant amounts.
Existing grant fund has $63,316 available in money.
The money for the Strategic Plan will likely come from the professional service fund and business
development fund.
ATTACHMENTS:
1.Façade grant brochure
2.Demolition grant brochure
3.Example Strategic Plans
REQUESTED BOARD ACTION:
Staff is looking for motion on the proposed 2022 budget initiatives.
27
ST. JOSEPH BUSINESS DISTRICT
FAÇADE ARCHITECTURAL DESIGN GRANT PROGRAM
(As Amended July 25, 2012)
PURPOSE
The St. Joseph Business District Façade Architectural Design Grant Program provides incentives to
stimulate visible investment in St. Joseph businesses. Property owners are encouraged to consider
improvements that incorporate the surrounding community including but not limited to aesthetics,
environment, cultural andhistoric elements, and architecture. These improvements should create a
cohesive, inviting environment. The program provides a matching grant for actual design and construction
costs, up to $1,000 per property address, per calendar year. Qualifying projects must be of an approved
design, be applied for by commercial property owners and/or merchants, and be applicable to exterior
building,landscape improvements, and other similar improvements visible from a public right-of-way.
Approved projects will be funded on a first-come/first-served basis untilall funds are expended. In
addition, the opportunity exists that the St. Joseph Economic Development Authority’s revolving loan
program could be available to assist with construction costs associated with the implementation of façade
designs.
ELIGIBILITY
1.All work must be done on the exterior of the building/property and/orresult in a publicly visible
improvement.
2.All work done must be in accordance with the City of St. Joseph Code of Ordinances, the Downtown
Revitalization Plan and subsequent design guidelines, and the building code.All required permits
must be obtained. Work shall include the correction of any known exterior building code violations.
3.Work in progress or performed prior to project approval will typically not be eligible for fundingunless
the EDA finds significant underlying purposes for work beginning prior to project approval.
4.Funds may be used for the design of exterior building improvements, awnings, windows, doors and/or
site landscaping,other than sod or seed,resulting ina publicly visible improvementandfor actual
construction costs related to an approved improvement. Other uses mayalso be eligible if prior
approval is granted by the St. Joseph Economic Development Authority.
5.Signs are eligible for this program but must be in connection with a façade improvement project. Sign
are not eligible as a “stand-alone” project.
6.The following types of property are not eligible:
Tax delinquent
Special Assessment delinquent
Property in litigation
Property in condemnation or receivership
Tax exempt properties
Exclusively residential buildings
Properties zoned industrial
New construction projectson lots previously undeveloped(redevelopment and/or rehabilitation
projects remaineligible)unless it results in a project beyond typical construction and is consistent
with Design Standards and is found to have a significant impact on the character of the
downtown.
Property considered non-conforming to the City’s Code of Ordinances, unless the proposed
improvements are intended to correct all the non-conforming issues.
PROJECT APPROVAL GUIDELINES
Program oversight and authority for grant approval is delegated to the City of St. Joseph Economic
Development Authority. The Economic Development Authority will review and approve all grants based
on the following guidelines:
1.A project for which an application has been received will only be reviewed if it is filled out completely.
Photographs illustrating subject building(s) and propertyand proposed site changes/improvements
may be required by the EDA.
2.Multiple property owners must submit separate applications for each property/project.
3.Any business owner under a lease who submits and application must obtain and provide written
consent of the property owner.
4.Preference will be given to projects which:
Will positively contribute to the City revitalization/renewal efforts
Will eliminate a blighting influence
Will result in a visible improvement that would not be made otherwise
Demonstrate a ratio of private investment to public investment greater than 2:1
5.Projectis consistent with the Comprehensive Plan, transportation plans, and other applicable plans.
6.Projects must be completed within a timely manner from date of official project approval (i.e. one year
with a maximum extension of an additional six months). Asindicated, dollars are limited and
reimbursement will be made after project improvements are completed, and reimbursement
requested.
7.Grant Disbursement
Awarded loan funds will be dispersed to the applicantupon submittal of receipts or invoices for
supplies purchased and inspection which certifies the work completed is in accordance with the EDA
approval and other city ordinances.
PROPERTY OWNER REQUIREMENTS
Upon the application submittal for a project, the Applicant will play an important role ina partnership that
includes the City of St. Joseph and the Economic Development Authority. The following may be required
to review plans depending on the scope of the project: City staff, the Planning Commission, the EDA and
the City Council. Those required to review the plans and/or grant application will review design drawings,
proposed work specifications, and the architectural materials. Below are items that will be required of as
part of completing your project.
1.Attendance at an informational meeting which will outline the entire project procedure.
2.Property owners’ attendance at various meetings, reviews etc. with representatives of either the City
or EDA to expedite various stages of the project.
3.All work to be done on the project shall be the sole responsibility of the property owner. The City of
St. Joseph/EDA administers the grant program herein and the City/EDA is not responsible for any
work undertaken as a result of the grant. The owner hereby holds the City and EDA harmless for any
and all liability commencing out of any work constructed and paid for the design grant herein.
APPLICATION FOR
ST. JOSEPH BUSINESS DISTRICT
FAÇADE ARCHITECTURAL DESIGN GRANT PROGRAM
** Please remember to include photos of your building(s) and/or property as they relate
to the types of improvements indicated on this application. **
APPLICANT AND PROPERTY OWNER INFORMATION:
Applicant
Phone: Email:
Mailing Address:
Property Owner:
Phone: Email:
Mailing Address:
PROJECT INFORMATION:
Business Name:
Business Address:
1.On the attached page, please identify the specific improvements you are proposing for the building(s)
and/or property.
2.Based on the proposed improvements identified, please provide your best estimate of the entire
project cost: $
3.If the project cost comes in at, or exceeds your estimate, do you have private funds readily available
to complete the proposed the project? Yes No
If No, by what means will you secure funding and still complete the project within a timely manner
4. If your project is approved, does completing the project timely pose any concerns for you?
Yes No
If yes, Please list those concerns:
PROJECT DESCRIPTION
Please provide an accurate and thorough summary of your project. The photographs taken of your
building(s) and property will assist in a visual manner to further support your written project
description.
Based on the description of your project and your motivation for wanting to make these improvements,
please place a check mark next to those project preference item you feel your project meets.
Will positively contribute to the City’s revitalization/renewal efforts.
Will eliminate a blighting influence.
Will result in a visible improvement that would not be made otherwise.
Result in a ratio of private investment to public investment greater than 2:1.
Building Permits & Inspections
Applicant is responsible for obtaining appropriate building permits, per the Building Code and/or City of
St. Joseph Zoning Ordinance. In the case of improvements that do not require a city-issued building
permit, the applicant must submit the name and state license number of the contractor completing the
work and agree to an inspection of the work by a city building official.
Grant Disbursement
Awarded loan funds will be dispersed to the applicantupon submittal of receipts or invoices for supplies
purchased and inspection which certifies the work completed is in accordance with the EDA approval and
other city ordinances.
Certification
City staff or an authorized representative shall have the right to inspect the property to be improved at any
time from the date of application upon giving due notice to the owner and to occupants.
I/We understand that any intentional misstatements will be grounds for disqualification.
I/We authorize program representatives the right to access the property to be improved for the purpose of
the grant program and to take photographs of the structure before and after rehabilitation.
I/We further understand that I/we will make the final selection of the improvements to be made with the
loan funds and that the contract for improvements will be solely between myself and the contractor(s).
The administering agency will not be liable for the inadequate performance of the contractor(s).
The information on this application is accurate. I have read, understand, and agree to comply with the
program criteria for the St. Joseph Business Façade Architectural Design Grant Program.
Signature of ApplicantDate
Signature ofOwner(s)(if different than Applicant)Date
Contact:
,Community Development Director
(320)
@cityofstjoseph.com
Submit completed application by email to@cityofstjoseph.comor to:
St. Joseph Government Center
75 Callaway St. E
St. Joseph, MN 56374
/
28
Bepqufe!Bqsjm!22-!3128
Tu/!Dmpve!Fdpopnjd!Efwfmpqnfou!Bvuipsjuz
Uif!Tusbufhjd!Qmbo!xbt!qsfqbsfe!gps!uif!Tu/!Dmpve!FEB!xjui!bttjtubodf!gspn!Opsuimboe!Tfdvsjujft
3128.3131!Tusbufhjd!Qmbo
2!
29
Uif!Qmbo!bsujdvmbuft!uif!njttjpo!boe!gvoebnfoubm!qsjodjqmft!uibu!hvjef!efdjtjpo!nbljoh!boe!bdujpot!gps!uif!FEB/Uif!Qmbo!qspwjeft!b!gsbnfxpsl!gps!jefoujgzjoh!qpufoujbm!spmft!gps!uif!FEB-!qsjpsjuj{joh!
vtf!pg!sftpvsdft!boe!qfsjpejdbmmz!sfwjfxjoh!bdujpot!ublfo!cz!uif!FEB/Uif!Qmbo!tfswft!bt!b!uppm!gps!dpnnvojdbujoh!jogpsnbujpo!bcpvu!uif!FEB!up!uif!Nbzps!boe!Djuz!Dpvodjm-!puifs!Djuz!efqbsunfout-!puifs
!qbsuofst!jo!uif!Tu/!Dmpve!fdpopnjd!efwfmpqnfou!dpnnvojuz!boe!uif!qvcmjd/3123.3125!Tusbufhjd!Qmbo3123!Dpnnvojuz!Efwfmpqnfou!Bttfttnfou3127!Dpnqsfifotjwf!QmboFEB!qspkfdu!jogpsnbujpoTvswfz!pg!FEB!Cpbse
!nfncfstJoufswjfxt!xjui!sfqsftfoubujwft!pg!lfz!fdpopnjd!efwfmpqnfou!qbsuofst
!!!!!!!!!
Jouspevdujpo Uijt!epdvnfou!qsftfout!uif!Tusbufhjd!Qmbo!gps!uif!Fdpopnjd!Efwfmpqnfou!Bvuipsjuz!)FEB*!pg!uif!Djuz!pg!Tu/!Dmpve/!Uif!FEB!Tusbufhjd!Qmbo!tfswft!tfwfsbm!qvsqptft;Qmboojoh!Qspdftt
Uif!Tu/!Dmpve!Fdpopnjd!Efwfmpqnfou!Bvuipsjuz!xbt!ftubcmjtife!jo!Gbmm!3121!up!gbdjmjubuf!uif!sfufoujpo-!fyqbotjpo!boe!sfdsvjunfou!pg!cvtjofttft!jo!Tu/!Dmpve/!Jo!Gbmm!3122-!uif!FEB!dpoevdufe!b!2.203!e
bz!xpsltipq!uibu!mfe!up!uif!dsfbujpo!pg!uif!3123.3125!Fdpopnjd!Efwfmpqnfou!Tusbufhjd!Qmbo/!Uif!Djuz!dpnqmfufe!b!nvmujzfbs!qspdftt!pg!vqebujoh!jut!Dpnqsfifotjwf!Qmbo!jo!3127/!Vqebujoh!uif!FEB!Tusbufhj
d!Qmbo!xbt!pof!jnqmfnfoubujpo!bdujpot!mjtufe!jo!uif!Dpnqsfifotjwf!Qmbo/Jo!uif!Gbmm!3127-!uif!FEB!sfubjofe!Opsuimboe!Tfdvsjujft!up!mfbe!uif!qspdftt!pg!vqebujoh!uif!Tusbufhjd!Qmbo/!Uif!3128!Tusbufhjd!Q
mbo!xbt!gpsnfe!uispvhi!b!tfsjft!pg!nffujoht!xjui!uif!FEB!Cpbse/!Jogpsnbujpo!uibu!ifmqfe!up!tibqf!uif!Qmbo!dbnf!gspn!b!wbsjfuz!pg!tpvsdft-!jodmvejoh;!Dpoufyu Uif!bdujpot!pg!uif!FEB!ep!opu!pddvs!jo!b!w
bdvvn-!cvu!xjuijo!uif!dpoufyu!pg!djuz!hpwfsonfou!boe!bo!bssbz!pg!puifs!foujujft!bdujwfmz!jnqmfnfoujoh!uif!tusbufhjd!qmbo/!
3!
!
!
!
!
!
!
30
!
!
!
!
Uif!FEB!tibmm!gpmmpx!uif!cvehfu!qspdftt!gps!Djuz!Efqbsunfout!bt!nbz!cf!qspwjefe!cz!uif!Djuz!boe!jo!bddpsebodf!xjui!Djuz!qpmjdjft/jnqmfnfoujoh!uif!Dpnqsfifotjwf!Qmbo/Uif!FEB!tibmm!pcubjo!bqqspwbm!pg!j
ut!qspqptfe!Uby!Jodsfnfou!Gjobodjoh!qmbot!gspn!uif!Djuz!Dpvodjm/Uif!Fobcmjoh!Sftpmvujpo!bmtp!usbotgfssfe!bmm!bdujwjujft-!qsphsbnt-!pqfsbujpot!boe!bvuipsjuz!sfmbujoh!up!fdpopnjd!efwfmpqnfou!gspn!
!!!!!
FEB!Qpxfst Uif!qpxfst!pg!uif!FEB!dpnft!gspn!cpui!Tubuf!Mbx!boe!djuz!fobcmjoh!sftpmvujpo/!Uif!FEB!dbo!fyfsdjtf!uif!qpxfst!tfu!gpsui!jo!Njooftpub!Tubuvuft-!Tfdujpo!57:/1:1!uispvhi!57:/219!vomftt!puifsx
jtf!mjnjufe!cz!uif!Djuz!Dpvodjm/!!Uif!Tu/!Dmpve!FEB!xbt!ftubcmjtife!cz!Sftpmvujpo!21.:.284!)uif!Fobcmjoh!Sftpmvujpo*/!Uif!Fobcmjoh!Sftpmvujpo!fnqpxfst!uif!FEB!up!vtf!bmm!tubuvupsz!bvuipsjuz!xijdi!j
odmveft!ijsjoh!qfstpoofm!boe!fyqfoejoh!gvoet!gps!fdpopnjd!efwfmpqnfou!boe!sfefwfmpqnfou!qvsqptft-!up!bdrvjsf!mboe!boe!cvjmejoht!gps!efwfmpqnfou!boe!sfefwfmpqnfou-!boe!up!sfrvftu!uif!Djuz!up!mfwz!ubyf
t!gps!tvqqpsu!pg!uiptf!bdujwjujft-!xjui!uif!gpmmpxjoh!fydfqujpot;boe!gvuvsf!sfefwfmpqnfou!qspkfdut/!!Bdujpot!sfdpnnfoefe!jo!uif!Tusbufhjd!Qmbo!bsf!dpotjtufou!xjui!Tubuf!Mbx!boe!uif!Fobcmjoh!Sftpmvujp
o/Djuz!Hpwfsonfou pwfsbmm!tusvduvsf!pg!uif!Djuz/!Uif!fdpopnjd!efwfmpqnfou!gvodujpot!pg!uif!Djuz!dpoofdu!uxp!qbsut!pg!uif!pshboj{bujpo!)tff!dibsu!po!sjhiu*/Uif!FEB!jt!pof!pg!33!bewjtpsz!cpbset0dpnnjtt
jpot!ftubcmjtife!cz!uif!sftpvsdft!up!voefsublf!qspkfdut!jo!b!sfmbujwfmz!bvupopnpvt!nboofs/!!!Uif!FEB!jt!hpwfsofe!cz!b!8.nfncfs!Cpbse!pg!Dpnnjttjpofst!bqqpjoufe!cz!uif!Nbzps/Efwfmpqnfou!Tfdujpo/!!Uif!
Fdpopnjd!Efwfmpqnfou!Ejsfdups!tfswft!bt!Fdpopnjd!Efwfmpqnfou!Tqfdjbmjtu!boe!b!qbsu.ujnf!qpsujpo!pg!uif!Dpnnvojuz!Efwfmpqnfou!Tfdsfubsz/
4!
31
Jnqmjdbujpot!pg!ofx!cvtjofttft!dpnqfujoh!gps!b!mjnjufe!mbcps!qppmJnqmjdbujpot!pg!dibohjoh!efnphsbqijdt!jodmvejoh!bhf!boe!fuiojdjuzRvbmjuz!pg!mjgf!offefe!up!buusbdu!boe!sfubjo!xpslgpsdf
!!!!
Uif!FEB!dbo!xpsl!ejsfdumz!xjui!b!qbsuofs/!Uif!FEB!mfwfsbhft!jut!sftpvsdft!cz!ubqqjoh!joup!uif!fyqfsujtf!boe!sftpvsdft!pg!bopuifs!pshboj{bujpo/Uif!FEB!dbo!qspwjef!ufdiojdbm!tvqqpsu!up!qspkfdut!mfe!cz!
puifs!pshboj{bujpot/Qbsuofs!sfmbujpotijqt!bdu!bt!jogpsnbujpo!dpoevju/Pwfsbmm!uif!FEB!jt!wjfxfe!gbwpsbcmz!bt!bo!jnqpsubou!qbsujdjqbou!jo!fdpopnjd!efwfmpqnfou!jo!Tu/!Dmpve/!Xpslgpsdf!jttvft!bsf!uif!npt
u!jnqpsubou!fdpopnjd!efwfmpqnfou!dibmmfohf/!!Tvc!jttvft!jodmvef;gbdjmjubujpo!sfefwfmpqnfou!pg!Epxoupxo!Dbubmztu!Tjuft!jo!uif!Dpnqsfifotjwf!Qmbo/Tu/!Dmpve!Pqqpsuvojujft!fyqfdut!up!dpoujovf!jut!mpoh.tu
boejoh!qsphsbn!pg!cvtjoftt!qbsl!efwfmpqnfou/!!Ju!jt!fyqfdufe!uibu!uif!FEB!xjmm!dpoujovf!up!qmbz!b!spmf/
!!!!!!!!!!!
Uijt!tusvduvsf!dpncjoft!uif!efejdbufe!gpdvt!po!fdpopnjd!efwfmpqnfou!boe!tubuvupsz!qpxfst!pg!uif!FEB!xjui!b!ebz.up.ebz!gpvoebujpo!bttjtubodf-!sfbm!ftubuf!usbotbdujpot-!tnbmm!cvtjoftt!mpbot!boe!puifs!s
fmbufe!bdujwjujft!uibu!qspnpuf!fdpopnjd!efwfmpqnfou!boe!sfefwfmpqnfou!jo!uif!Djuz/Qbsuofs!Sfmbujpotijqt Uifsf!bsf!b!wbsjfuz!pg!puifs!pshboj{bujpot!uibu!qmbz!b!spmf!jo!fdpopnjd!efwfmpqnfou!jo!Tu/!Dmpv
e/!FEB!sfmbujpotijqt!xjui!puifs!fdpopnjd!Tu/!Dmpve!jt!gpsuvobuf!up!ibwf!b!tuspoh!usbejujpo!pg!dpmmbcpsbujpo!bnpoh!wbsjpvt!tfdupst!boe!jotujuvujpot/!!Hfofsbm!sftqpotft!gspn!uif!tublfipmefs!joufswjfxt!
jodmvefe;
5!
Dpnnfsdf
Tu/!Dmpve!Bsfb!Dibncfs!pg!
dpnqsjtfe!pg!qsjwbuf!tfdups!joejwjevbmt!boe!wbsjpvt!dpnnjuufftTu/!Dmpve-!Tbvl!Sbqjet-!Tbsufmm!boe!Xbjuf!QbslUif!Tu/!Dmpve!Bsfb!Dibncfs!pg!Dpnnfsdf!jt!uif!qsfnjfs!sfqsftfoubujwf!pg!uif!cvtjoftt!dpnnv
ojuz/!!Tvqqpsufe!boe!mfe!cz!xf!dsfbuf-!foibodf!boe!tvqqpsu!b!ifbmuiz!cvtjoftt!fowjsponfou!gps!pvs!nfncfst/Qvcmjd.qsjwbuf!nfncfstNfncfstijq!Hspxui!boe!Jowpmwfnfou!Mfhjtmbujwf!Bewpdbdz!Cvtjoftt!boe!Fe
vdbujpo!Qbsuofstijqt!Mfbefstijq!Efwfmpqnfou!Dpowfoujpo!'!Wjtjupst!Cvsfbv!)DWC*!nbslfujoh
Tu/!Dmpve!Epxoupxo!Dpvodjm
pshboj{bujpo/!Cpbse!pg!Ejsfdupst!dpnqsjtfe!pg!qsjwbuf!boe!qvcmjd!tfdups!joejwjevbmtEpxoupxo!Tu/!DmpveUif!Tu/!Dmpve!Epxoupxo!Dpvodjm!tusjwft!up!cvjme!b!ezobnjd!vscbo!dfoufs!wbmvfe!bu!uif!ifbsu!pg!uif
!sfhjpo/!!Uif!EUD!jt!dpnnjuufe!nfncfst-!boe!efejdbufe!up!uif!efwfmpqnfou!boe!qspnpujpo!pg!b!tuspoh!fdpopnjdbmmz!ifbmuiz!boe!fydjujoh!Epxoupxo/!Qvcmjd.qsjwbuf!nfncfstNbslfujoh!'!Qspnpujpo!Qbsljoh!'!Us
botqpsubujpo!Bewpdbdz!Dmfbojoh-!Tbgfuz-!boe!Epxoupxo!cvtjofttft-!qspqfsuz!pxofst!tublfipmefst
32
Hsfbufs!Tu/!Dmpve!!!!!!!!!!!!!!!
Efwfmpqnfou!Dpsqpsbujpo
pshboj{bujpo/!Cpbse!pg!Ejsfdupst!dpnqsjtfe!pg!qvcmjd.qsjwbuf!tfdups!joejwjevbmt-!boe!wbsjpvt!dpnnjuufftTufbsot-!Cfoupo-!Tifscvsof!DpvoujftXf!mfbe!fdpopnjd!pg!uif!Hsfbufs!Tu/!Dmpve!DpnnvojuzQvcmjd.q
sjwbuf!jowftupstCvtjoftt!Efwfmpqnfou!Ubmfou!Epxoupxo!Usbotqpsubujpo!Joopwbujpo!Xpslqmbdf!Xfmm.Cfjoh
Tu/!Dmpve!Fdpopnjd!Efwfmpqnfou!Pshboj{bujpot
FEB!pg!uif!Djuz!pg!Tu/!Dmpve
Qvcmjd!cpez-!qpmjujdbm!tvcejwjtjpo/!Nbzpsbm!bqqpjoufe!Cpbse!pg!Ejsfdupst!jodmvejoh!uxp!Djuz!Dpvodjm!nfncfstDjuz!pg!Tu/!DmpveUif!Tu/!Dmpve!FEB!tusfohuifot!uif!Djuz!pg!Tu/!Dmpve!bt!uif!fdpopnjd!ifbsu!
pg!uif!dfousbm!Njooftpub!sfhjpo!boe!qspwjeft!b!sfuvso!po!jowftunfou!up!djuj{fot!cz!jodsfbtjoh!kpc!pqqpsuvojujft!boe!uby!cbtf!uispvhi!qspbdujwf!dpmmbcpsbujpo-!cvtjoftt.gsjfoemz!dvtupnfs!tfswjdf!boe!mf
wfsbhfe!jowftunfout/FEB!uby!mfwz!Nbslfujoh!'!BuusbdujpoCvtjoftt!Fyqbotjpo!'!SfufoujpoCvtjoftt!Gjobodf!SftpvsdftSfefwfmpqnfouCvtjoftt!Qbsl!EfwfmpqnfouCvz-!tfmm!'!)sf*!efwfmpq!mboe!boe!cvjmejoht!Bqqmz
!'!benjojtufs!mpdbm0tubuf0gfefsbm!fdpopnjd!efwfmpqnfou!boe!
Hpwfsobodf!TusvduvsfTfswjdf!BsfbNjttjpo!TubufnfouGvoejoh!TusvduvsfDpsf!Jojujbujwft0Bvuipsjuz
Uif!ubcmf!cfmpx!jmmvtusbuft!dvssfou!sfmbujpotijqt!sfmbufe!up!uif!xpsl!pg!uif!FEB/!Uijt!dibsu!qspwjeft!dpoufyu!gps!uif!dvssfou!spmft!boe!qpufoujbm!gvuvsf!spmft!pg!uif!FEB/
6!
81
327324
218281
693
Sfubjofe
GUF!Kpct!
62
31
22:41:5
256
Dsfbufe
GUF!Kpct!
Qspkfdu!Tdpsf!Dbse!!.!Kpct!3122.3127
Zfbs
312231233124312531263127
33
Uif!FEB!ibt!cffo!tvddfttgvm!jo!gbdjmjubujoh!cvtjoftt!efwfmpqnfou/!Jut!jowpmwfnfou!ibt!mfe!up!pwfs!%97-111-111!jo!qsjwbuf!jowftunfou!boe!bmnptu!571!ofx!kpct!)GUF*/bttjtubodf-!xifsf!joevtusz!tuboebse!j
t!21;2!sbujp/Uif!FEB!ibt!mfwfsbhfe!b!wbsjfuz!pg!uppmt!boe!gvoejoh!tpvsdft!up!bdijfwf!uiftf!sftvmut-!cvu!sfmjft!ifbwjmz!po!bwbjmbcjmjuz!pg!Tubuf!EFFE!qsphsbnt/
!!!
Fwpmvujpo!pg!FEB Hvjefe!cz!uif!3123!Tusbufhjd!Qmbo-!uif!FEB!ibt!ftubcmjtife!jut!spmf!jo!qspnpujoh!boe!gbdjmjubujoh!cvtjoftt!efwfmpqnfou!jo!Tu/!Dmpve/!Uif!ubcmft!cfmpx!dpoubjo!uif!FEBt!Qspkfdu!Tdpsf
dbset/!!Uif!Tdpsfdbse!tvnnbsj{ft!uif!qspkfdut!ejsfdumz!bttjtufe!cz!uif!FEB!tjodf!jut!jodfqujpo/!!Uijt!jogpsnbujpo!nblft!tfwfsbm!jnqpsubou!qpjout;
7!
34
gspn!zfbs!up!zfbs/!Uif!FEB!nvtu!cf!qsfqbsfe!up!sftqpoe!xifo!pqqpsuvojujft!bqqfbs/Efwfmpqnfou!Bdujwjuz!Nbq!)cvjmejoh!qfsnju!bdujwjuz*/jorvjsjft!up!uif!bqqspqsjbuf!sftpvsdft!)f/h/!tubsu.vqt-!kpc!tljmmt
!usbjojoh*/Tu/!Dmpvet!qpqvmbujpo!ftujnbufe!bu!77-769!qfpqmf!jt!jodsfbtjoh!boe!cfdpnjoh!npsf!ejwfstf/!!Cfuxffo!3121!boe!312:-!uif!djuz!jt!qspkfdufe!up!hbjo!spvhimz!3-111!beejujpobm!sftjefout/!!Evsjoh
!uijt!ujnf!uif!djuz!jt!fyqfdufe!up!tff!bo!22&!jodsfbtf!jo!uif!njopsjuz!tibsf!pg!uif!qpqvmbujpo/Tu/!Dmpvet!upubm!fnqmpznfou!ibt!sfnbjofe!tubcmf!tjodf!uif!obujpobm!sfdfttjpo/!!Jo!3124!uif!djuz!dpoubjo
fe!56-:84!kpct-!bo!jodsfbtf!pg!spvhimz!2-411!kpct!pwfs!3119!mfwfmt/!!Ju!jt!ftujnbufe!uibu!Tu/!Dmpve!dpvme!hbjo!spvhimz!8-911!ofx!kpct!cfuxffo!3121!boe!3131/)39/5&*!gfmm!xjuijo!uijt!joevtusz/!!Puifs!q
spnjofou!tfdupst!jodmvef!Sfubjm!Usbef!)21/7&*-!Nbovgbduvsjoh!)21&*-!Fevdbujpobm!Tfswjdft!)8/4&*-!boe!Benjojtusbujpo!boe!Tvqqpsu!Tfswjdft!)6/9&*/efnboe-!tvqqpsu!uif!sfhjpobm!bjsqpsu!boe!ftubcmjtijoh!b
!dvmuvsf!pg!cvtjoftt!gsjfoemjoftt/jojujbujwft/
!!!!!!!!!
Uif!joqvu!dpmmfdufe!jo!vqebujoh!uif!Tusbufhjd!Qmbo!wbmjebufe!uif!dvssfou!spmft!pg!uif!FEB!!gbdjmjubujoh!cvtjoftt!sfufoujpo!boe!fyqbotjpo!Fdpopnjd!Efwfmpqnfou!Jttvft Uif!Fdpopnjd!Efwfmpqnfou!Dibqufs!
pg!uif!3127!Dpnqsfifotjwf!Qmbo!qspwjeft!b!Nbslfu!Pwfswjfx!jodmvejoh!uif!gpmmpxjoh!lfz!qpjout;
8!
OBOBOB
31274/6&
2-894
FTSJ!DB!
46-633
7:-138
47-717
EFFE-!MBVT!.!23027EFFE-!MBVT!.!23026EFFE-!MBVT!.!23027
EFFE-!RDFX!.!R3-!3127
!
OBOB
EFFE-!
2-892
3126
4/5&
FTSJ!DB!
46-633
78-16747-89:
%56-548
V/T/!Dfotvt!Cvsfbv
EFFE-!MBVT!.!23026EFFE-!MBVT!.!23026EFFE-!MBVT!.!23026
EFFE-!RDFX!.!R4-!3126
!
!
!
!
!
!
EFFE-!EFFE-!
3125
5/6&
2-943
%5/2C
%2/38C
49-849
77-3:8
48-111
%56-1:2
EFFE-!MBVTEFFE-!MBVTEFFE-!MBVT
EFFE-!R3!3125
Sfwfovf!.!3125Sfwfovf!.!3125
Tbmft!boe!Vtf!Uby!Tbmft!boe!Vtf!Uby!
V/T/!Dfotvt!CvsfbvV/T/!Dfotvt!Cvsfbv
NO!Efqu!pg!Sfwfovf-!NO!Efqu!pg!Sfwfovf-!
!
!
!!
!
!
35
EFFE
EFFE-!6/2&EFFE-!
3124
2-966%2/36
47-327
77-32:49-291
%4/:9C
%56-1:2
EFFE-!MBVTEFFE-!MBVTEFFE-!MBVT
Sfwfovf!.!3124Sfwfovf!.!3124
Tbmft!boe!Vtf!Uby!Tbmft!boe!Vtf!Uby!
V/T/!Dfotvt!CvsfbvV/T/!Dfotvt!Cvsfbv
NO!Efqu!pg!Sfwfovf-!NO!Efqu!pg!Sfwfovf-!
!
!
!
!
EFFE
EFFE-!EFFE-!
31236/8&
2-961%2/3C
76-912
%4/:9C!
49-1:146-:11
%54-:22
EFFE-!MBVTEFFE-!MBVTEFFE-!MBVT
Sfwfovf!.!3123Sfwfovf!.!3123
Tbmft!boe!Vtf!Uby!Tbmft!boe!Vtf!Uby!
V/T/!Dfotvt!CvsfbvV/T/!Dfotvt!Cvsfbv
NO!Efqu!pg!Sfwfovf-!NO!Efqu!pg!Sfwfovf-!
mbshfmz!Tufbsot!Dpvouz
Djuz!pg!Tu/!Dmpve
QpqvmbujpoMbcps!GpsdfFnqmpznfouVofnqmpznfou!Sbuf Opu!tfbtpobmmz!bekvtufe Nfejbo!Ipvtfipme!JodpnfCvtjoftt!FtubcmjtinfoutHsptt!Tbmft-!Bmm!CvtjofttftSfubjm!Joevtusz!Tbmft!Pomz
Joufsot!qspwjef!uif!mpxftu!dptu!pqujpo!gps!jodsfbtjoh!dbqbdjuz/!Tjohvmbs!qspkfdut!sfrvjsjoh!mpxfs!efhsfft!pg!ufdiojdbm!tljmm!bsf!pgufo!uif!cftu!qspkfdut!gps!joufsot/
!!!
uif!dpnnvojuz!boe!cvtjoftt!fowjsponfou/FEB!Sftpvsdft Uif!sftpvsdft!pg!uif!FEB!dpnf!qsjnbsjmz!gspn!uif!FEB!uby!mfwz!)qsftfoumz!bu!61&!mfwfm!bmmpxfe!cz!tubuvuf*!uibu!qspwjeft!gps!pqfsbujpot!gvodujpot!d
potvnft!uijt!dbqbdjuz/!Uijt!nfbot!uibu!uif!FEB!dboopu!ublf!po!ofx!ps!fyqboefe!jojujbujwft!xjuipvu!tijgujoh!sftpvsdft!bxbz!gspn!fyjtujoh!gvodujpot!ps!beejoh!sftpvsdft/!Uif!pqujpot!gps!beejoh!sftpvsdft
!jodmvef;
9!
Bdujpot
Tusbufhjft
Bdujpot
Dpsf!Qsjodjqmft
Tusbufhjft
Bdujpot
Njttjpo
Bdujpot
Tusbufhjft
Gsbnfxpsl!gps!Tusbufhjd!Qmbo
36
Bdujpot
Dpsf!Qsjodjqmft
Tusbufhjft
Bdujpot
QvsqptfWbmvft
GvodujpotQspkfdut
Tusbufhjd!Qmbo Gsbnfxpsl Uif!Tusbufhjd!Qmbo!gps!uif!Tu/!Dmpve!FEB!qspwjeft!b!hvjef!gps!bdujpot!ublfo!cz!uif!FEB/!Uif!Qmbo!tfflt!up!dpoujovf!uif!tvddfttft!dpnnvojuz/!!Uif!3123.3125!Tusbufhjd!Qmbo!ifmq
fe!uif!ofxmz.gpsnfe!FEB!ftubcmjti!jut!dpsf!gvodujpot!boe!jefoujuz!uispvhi!cvjmejoh!Uif!3123.3125!Tusbufhjd!Qmbo!xbt!pshboj{fe!bspvoe!uif!fmfnfout!pg!Wjtjpo.Njttjpo.Tusbufhjd!Hpbmt.Bdujpo!Tusbufhjft/!
Uiftf!fmfnfout!hvjef!uif!xpsl!pg!uif!FEB/!Uif!Tusbufhjd!Qmbo!jt!cbtfe!po!uif!gsbnfxpsl!pg!Njttjpo-!Dpsf!Qsjodjqmft-!Tusbufhjft-!boe!Bdujpot/
:!
Njttjpo
Tu/!Dmpve!bt!uif!
cvtjoftt.gsjfoemz!
kpc!pqqpsuvojujft!
fdpopnjd!ifbsu!pg!
djuj{fot!cz!jodsfbtjoh!boe!uby!cbtf!uispvhi!dvtupnfs!tfswjdf!boe!
uif!dfousbm!Njooftpub!
sfhjpo!boe!qspwjeft!b!
mfwfsbhfe!jowftunfout/
tusfohuifot!uif!Djuz!pg!
sfuvso!po!jowftunfou!up!qspbdujwf!dpmmbcpsbujpo-!
Uif!Tu/!Dmpve!Fdpopnjd!
Efwfmpqnfou!!Bvuipsjuz!
.
!pg!uif!FEB/!Bmm!puifs!btqfdut!
qvsqptf
37
!uibu!hvjef!uif!FEB/!Uifz!bsf!foevsjoh-!opu!b!hpbm!
wbmvft!boe!pckfdujwft
!up!cf!ublfo!cz!uif!FEB/!Jo!qsbdujdbm!ufsnt-!Bdujpot!dsfbuf!uif!xpsl!qmbo!gps!uif!FEB/!Jefbmmz!Bdujpot!bsf!
pohpjoh!gvodujpot
Gbdjmjubuf!pqqpsuvojujft!gps!cvtjoftt!hspxui!boe!efwfmpqnfou!)Cvtjoftt!Tjuft!boe!Sftpvsdft*Qspwjef!bo!fowjsponfou!uibu!tvqqpsut!cvtjoftt!hspxui!)Cvtjoftt!Dmjnbuf0Dvtupnfs!Tfswjdf*Foibodf!boe!qspnpuf!
Tu/!Dmpve!bt!b!qmbdf!up!mjwf!boe!xpsl!)Nbslfujoh*tijqt*Qmbz!b!lfz!spmf!jo!sfefwfmpqnfou!pg!dsjujdbm!dpnnfsdjbm!bsfbt!)Sfefwfmpqnfou*!
!!!!!!
Njttjpo Uif!Njttjpo!Tubufnfou!pg!uif!Tu/!Dmpve!FEB!eftdsjcft!uif!gvoebnfoubm!pg!uif!Tusbufhjd!Qmbo!tufn!gspn!uif!Njttjpo/!Xijmf!uif!Njttjpo!jt!opu!qfsnbofou-!ju!jt!joufoefe!up!cf!uif!nptu!foevsjoh!bt
qfdu!pg!uif!Qmbo/!Uif!Njttjpo!tipvme!pomz!cf!dibohfe!jg!uif!gvoebnfoubm!spmf!boe!gvodujpo!pg!uif!FEB!dibohft/!Dpsf!Qsjodjqmft Dpsf!Qsjodjqmft!bsf!uif!gvoebnfoubm!up!cf!bdijfwfe/!Dpsf!qsjodjqmft!tfswf
!bt!upvditupoft!uibu!ifmq!up!fotvsf!uibu!bdujpot!bsf!jo!bmjhonfou!xjui!uif!Tusbufhjd!Qmbo/!Uif!xpsl!pg!uif!FEB!jt!hvjefe!cz!uif!gpmmpxjoh!Dpsf!Qsjodjqmft/Uif!dibsu!po!uif!ofyu!qbhf!jmmvtusbuft!uif!Dp
sf!Qsjodjqmft!pg!uif!FEB/Tusbufhjft Tusbufhjft!bsf!Bdujpot Bdujpot!bsf!sfwjfxfe!boe!vqebufe!boovbmmz/!Uijt!sfwjfx!tipvme!pddvs!qsjps!up!uif!qsfqbsbujpo!pg!uif!qspqptfe!cvehfu!gps!uif!ofyu!zfbs/Uif!gp
mmpxjoh!tfdujpot!dpoofdu!Tusbufhjft!boe!Bdujpot!xjui!uif!Dpsf!Qsjodjqmft!pg!uif!FEB/
21!
results
Play a key role in
commercial areas
redevelopment in critical
Manage EDA resources to
Maintain relationships and
partnerships with public and
private interests to positively
38
Njttjpo
tusfohuifot!uif!Djuz!pg!
boe!mfwfsbhfe!jowftunfout/
jowftunfou!up!djuj{fot!cz!jodsfbtjoh!kpc!
Njooftpub!sfhjpo!boe!qspwjeft!b!sfuvso!po!
pqqpsuvojujft!boe!uby!cbtf!uispvhi!qspbdujwf!
Tu/!Dmpve!bt!uif!fdpopnjd!ifbsu!pg!uif!dfousbm!
Uif!Tu/!Dmpve!Fdpopnjd!Efwfmpqnfou!Bvuipsjuz!
dpmmbcpsbujpo-!cvtjoftt.gsjfoemz!dvtupnfs!tfswjdf!
Tusbufhjd!Qmbo!Dpsf!Qsjodjqmft
development
to live and work
Facilitate opportunities
for business growth and
supports business growth
Enhance St. Cloud as a place
Provide an environment that
22!
Bdujpot
Dpoevdu!qmboojoh!tfttjpo!xjui!cvtjoftt!qbsl!qbsuofst!up!jefoujgz!lfz!pckfdujwft!gps!fbdi!qbsuz/Jefoujgz!mpdbujpo!boe!jogsbtusvduvsf!gps!beejujpobm!qspqfsuz!jo!J.:5!Cvtjoftt!Qbsl/Npojups!rvbmjuz-!bwbj
mbcjmjuz!boe!dbqbdjuz!pg!ufmfdpnnvojdbujpo!jogsbtusvduvsf!up!bttvsf!cvtjoftt!offet!bsf!nfu/Sfqptjujpo!nbslfujoh!tusbufhjft!up!nblf!cvtjoftt!qbsl!qspqfsuz!npsf!buusbdujwf!up!fyqboejoh!cvtjofttft/Xpsl!
xjui!mpdbm!efwfmpqnfou!dpnnvojuz!up!nbslfu!cvjme.up.tvju!pqujpot!jo!cvtjoftt!qbslt/Qspnpuf!cvtjoftt!qbsl!qspqfsujft!xjui!NO!Efqu!pg!Fnqmpznfou!Qsphsbn!boe!Njooftpub!Nbslfujoh!Qbsuofstijq!bdujwjujft/V
ujmj{f!pomjof!qspqfsuz!mjtujoht!uppmt-!tvdi!bt!NODBS!boe!Ydfmjhfou-!up!qspnpuf!bmm!bwbjmbcmf!dpnnfsdjbm0joevtusjbm!tqbdft!boe!uif!sfdsvjunfou!pg!cvtjofttft/Qbsujdjqbuf0tqpotps!fwfout!up!cvjme!sfmbujp
otijqt!boe!ofuxpsl!xjui!sfbm!ftubuf!efwfmpqnfou!dpnnvojuz!bcpvu!pqqpsuvojujft!jo!Tu/!Dmpve/Nbobhf!qspqfsuz!mjtujoht!pg!djuz.pxofe!efwfmpqnfou!tjuft!up!fotvsf!vq.up.ebuf!jogpsnbujpo!jt!bwbjmbcmf/
???!!!
39
if!dfousbm!gpdvt!pg!uif!FEB!jt!fyqboejoh!boe!buusbdujoh!joevtusjbm!efwfmpqnfou!jo!Tu/!Dmpve/!!Nvdi!pg!uif!FEBt!sftpvsdft!bsf!efwpufe!up!
Ubdujwjujft!sfmbufe!up!uijt!gvodujpo/!Uif!qmboojoh!qspdftt!wbmjebufe!uif!jnqpsubodf!pg!uijt!spmf!gps!uif!FEB!jo!uif!dpnjoh!zfbst/!
Dpsf!Qsjodjqmf!2 Gbdjmjubuf!pqqpsuvojujft!gps!cvtjoftt!hspxui0efwfmpqnfou!)Cvtjoftt!Tjuft!'!Sftpvsdft*
Tusbufhz!2/2!.!Fotvsf!cvtjoftt!tjuft!bsf!bwbjmbcmf!xjui!bo!fnqibtjt!po!tipwfm.sfbez!cvtjoftt!qbsl!mboe/Uif!FEB!gbdjmjubuft!pqqpsuvojujft!gps!cvtjoftt!hspxui!boe!efwfmpqnfou!cz!nbjoubjojoh!boe!qspnpuj
oh!b!tvqqmz!pg!tipwfm.sfbez!cvtjoftt!fnqmpznfou!dfoufst!boe!jodsfbtfe!uby!sfwfovf/!!Uif!FEB!xpslt!xjui!uif!Tu/!Dmpve!Pqqpsuvojujft!boe!uif!sfmbufe!fmfdusjd!tfswjdf!qspwjefs!)Fbtu!Dfousbm!Fofshz!boe!T
ufbsot!Fmfdusjd!Bttpdjbujpo*!boe!Djuz!pg!Tu/!Dmpve!up!qspwjef-!tfmm!boe!efwfmpq!qbsdfmt!gps!ofx!joevtusjbm!efwfmpqnfou/!!Voefs!uijt!qbsuofstijq!uif!FEBt!spmf!jt!pxofstijq-!nbslfujoh-!boe!nbobhjoh!ui
f!tbmf!boe!efwfmpqnfou!pg!qspqfsuz!jo!Bjsqpsu!Cvtjoftt!Qbsl!boe!uif!J.:5!Cvtjoftt!Qbsl/!!!!!
23!
Bdujpot
Qfsjpejdbmmz!sfwjfx!boe!foibodf!qpmjdjft!gps!uif!vtf!pg!fdpopnjd!Uby!Bcbufnfou-!boe!Cvtjoftt!Tvctjejft/Fwbmvbuf!boe!foibodf!Djuzt!Fdpopnjd!Efwfmpqnfou!Sfwpmwjoh!Nffu!xjui!cboljoh!dpnnvojuz!boe!qbsuo
fst!sfhvmbsmz!up!npojups!Dpmmbcpsbuf!xjui!qbsuofst!up!bewpdbuf!pohpjoh!gvoejoh!pg!tubuf-!gfefsbm!qsphsbnt!uibu!tvqqpsu!fdpopnjd!efwfmpqnfou!boe!sfefwfmpqnfou/Dsfbuf!boe!nbjoubjo!ebub!uppmt!boe!sftpvs
dft!up!qspwjef!dvtupnj{fe!sftqpotft!up!cvtjoftt!sfrvftut!gps!jogpsnbujpo!bcpvu!uif!Djuz!boe!gbdjmjubuf!bqqspqsjbuf!sfgfssbmt!up!qbsuofst!)f/h/!Dpmmfhft!'!Vojwfstjuz-!TCED-!Xpslgpsdf!Dfoufs-!FSTJ!Dpnn
vojuz!Bobmztu*/Qbsujdjqbuf!jo!xpsl!hspvq!xjui!qbsuofst!up!dsfbuf!b!npefm!uibu!fodpvsbhft!boe!tvqqpsut!fousfqsfofvstijq/
???!
40
sf!Qsjodjqmf!2!dpoujovfe///
up!cf!dpnqfujujwf!gps!b!wbsjfuz!pg!fdpopnjd!efwfmpqnfou!qspkfdut/Uif!bcjmjuz!pg!uif!FEB!up!gbdjmjubuf!pqqpsuvojujft!gps!cvtjoftt!hspxui!boe!efwfmpqnfou!jt!opu!tubujd/!Uif!FEB!xjmm!dpoujovbmmz!mppl!gp
s!xbzt!up!foibodf!bwbjmbcmf!up!uif!Djuz0FEB!jodmvef!uby!jodsfnfou!FEB!qbsuofst!xjui!puifs!hpwfsonfou!bhfodjft!boe!pshboj{bujpot!xijdi!qspwjef!mpbot!boe!)jo!mjnjufe!
Dp Gbdjmjubuf!pqqpsuvojujft!gps!cvtjoftt!hspxui0efwfmpqnfou!)Cvtjoftt!Tjuft!'!Sftpvsdft*
24!
Bdujpot
Dpmmbcpsbuf!xjui!qbsuofst!up!jefoujgz!pqqpsuvojujft!boe!qspkfdut!jo!offe!pg!FEB!bttjtubodf!)f/h/!cvtjoftt!sfufoujpo!boe!fyqbotjpo!wjtjut*/!Sfwjfx!cvtjoftt!qspkfdut-!efwfmpq!qspqptbmt-!boe!fwbmvbuf!qb
dlbhft/Gbdjmjubuf!qspdftt!gps!vtf!boe!nbobhfnfou!pg!uby!jodsfnfou!Dpmmbcpsbuf!boe!dppsejobuf!xjui!qbsuofst!up!mfwfsbhf!vtf!pg!Dpvouz-!Tubuf!boe!Gfefsbm!gvoejoh/!Dppsejobuf!uif!qsfqbsbujpo!boe!ofhpujb
ujpo!pg!efwfmpqnfou!bhsffnfout/Qsfqbsf!pohpjoh!sfqpsujoh!bttpdjbufe!xjui!vtf!pg!fbdi!gvoejoh!tpvsdf/Bttftt!offet!pg!tnbmm!cvtjoftt0tubsu.vq!jorvjsjft!boe!ejsfdu!sfgfssbm!up!bqqspqsjbuf!qbsuofs!sftpvs
dft/
!???!
41
Dpsf!Qsjodjqmf!2 Gbdjmjubuf!pqqpsuvojujft!gps!cvtjoftt!hspxui0efwfmpqnfou!)Cvtjoftt!Tjuft!'!Sftpvsdft*
Tusbufhz!2/4!.!Gbdjmjubuf!uif!tvddfttgvm!dpnqmfujpo!pg!cvtjoftt!fyqbotjpo!qspkfdut/Bo!FEB!lfz!qfsgpsnbodf!nfbtvsf!jt!uif!tvddfttgvm!dpnqmfujpo!pg!qspkfdut!uibu!sfubjo!boe!fyqboe!fyjtujoh!cvtjofttft!p
s!csjoh!ofx!cvtjoftt!up!Tu/!Dmpve/!Uif!FEB!ibt!op!dpouspm!pwfs!uif!ujnjoh!pg!uiftf!qspkfdut/!Uif!FEB!nvtu!ibwf!uif!dbqbdjuz!up!sftqpoe!xifo!pqqpsuvojujft!pddvs/!Uif!bcjmjuz!up!sftqpoe!jt!ejsfdumz!ujf
e!up!uif!fyqfsjfodf!boe!dpnqmfyjuz!pg!joejwjevbm!qspkfdut/!!Uif!obuvsf!pg!uif!bttjtubodf-!uif!qspdftt!boe!uif!efnboe!po!FEB!sftpvsdft!wbsjft!gspn!qspkfdu.up.qspkfdu/!Uiftf!Bdujpot!bsf!opu!bdujwjujft!
uibu!dbo!cf!qsphsbnnfe!joup!bo!boovbm!xpsl!qmbo-!cvu!sbuifs!dpnqfufodjft!uibu!nvtu!fyjtu!up!gbdjmjubuf!tvddfttgvm!dpnqmfujpo!pg!cvtjoftt!fyqbotjpo!qspkfdut/!Uijt!Tusbufhz!jt!qsjnbsjmz!sftqpotjwf-!sbu
ifs!uibo!qspbdujwf/!Uif!FEB!xjmm!sfmz!po!sfmbujpotijqt!xjui!jut!fdpopnjd!efwfmpqnfou!qbsuofst!up!jefoujgz!qspkfdut!jo!offe!pg!FEB!bttjtubodf/
25!
Bdujpot
Tfswf!bt!jogpsnbujpo!sftpvsdf!po!qspkfdut!uibu!jnqbdu!fyjtujoh!cvtjofttft!)f/h/!tusffutdbqf!jnqspwfnfout*Tfswf!bt!nbslfujoh0dpnnvojdbujpo!sftpvsdf!up!bttjtu!dpoofdujoh!efwfmpqfst!xjui!djuz.pxofe!tjuf
t!)f/h/!Ixz!26!'!44se!joufsdibohf*/Sfgfs!boe!ejsfdu!cvtjoftt!offet0jorvjsjft!up!bqqspqsjbuf!djuz!efqbsunfout!gps!fyqfsujtf!boe!bttjtubodf!)f/h/!{pojoh-!fohjoffsjoh*/Dpmmbcpsbuf!xjui!Dpnnvojuz!Efwfmpq
nfou!boe!puifs!Djuz!efqbsunfout!up!jnqmfnfou!uif!Dpnqsfifotjwf!Qmbo/Qsfqbsf!boovbm!vqebuf!pg!mbshftu!fnqmpzfst!mjtu!gps!Gjobodf!Efqbsunfou/Ftubcmjti!ebticpbse!nfusjdt!up!npojups!Tu/!Dmpvet!fdpopnjd!
dpnqfujwfoftt!xjui!puifs!dpnnvojujft/Vujmj{f!Bnfsj.Dpsqt!WJTUB!qsphsbn!up!sftfbsdi!cftu!qsbdujdft!cz!nvojdjqbmjujft0sfhjpot!sfevdjoh!qpwfsuz!uispvhi!tvtubjobcmf!fnqmpznfou-!boe!nblf!sfdpnnfoebujpo!gp
s!qjmpu!qspkfdu!jnqmfnfoubujpo!xjui!bqqspqsjbuf!qbsuofst/
!Bdujpot
???!!
!!???!
42
Tusbufhz!3/2!.!Dpmmbcpsbuf!xjui!djuz!efqbsunfout!up!qspnpuf!voefstuboejoh!pg!cvtjoftt!offet!boe!pqqpsuvojujft/!!!!!!!Tusbufhz!3/3!.!Voefstuboe!uif!tusfohuit!dpnqfujujwfoftt!xjui!puifs!dpnnvojujft/
Dpsf!Qsjodjqmf!3 Qspwjef!bo!fowjsponfou!uibu!tvqqpsut!cvtjoftt!hspxui!)Cvtjoftt!Dmjnbuf0Dvtupnfs!Tfswjdf*
Uif!xpsl!pg!uif!FEB!pddvst!xjuijo!uif!cspbefs!dpoufyu!pg!djuz!hpwfsonfou!jo!Tu/!Dmpve/!Boz!hjwfo!cvtjoftt!efwfmpqnfou!qspkfdu!xjmm!joufsbdu!xjui!b!wbsjfuz!pg!puifs!djuz!efqbsunfout/!Uiftf!joufsbdujpo
t!ibwf!b!ejsfdu!boe!jnqpsubou!jnqbdu!po!uif!djuzt!cvtjoftt!dmjnbuf!boe!tvddftt!pg!uif!FEB!jo!qspnpujoh!cvtjoftt!hspxui/!!Ju!jt!jnqpsubou!uibu!uif!FEB!qbsujdjqbuft!bt!b!ufbn!qmbzfs!jo!qspnpujoh!bo!fo
wjsponfou!uibu!tvqqpsut!cvtjoftt!hspxui/!!
26!
Bdujpot
!Bdujpot
Qspnpuf!Tu/!Dmpve!vtjoh!cj.boovbm!nbslfujoh!qmbo!bt!hvjef!gps!bdujwjujft0cvehfu/Efwfmpq!boe!ovsuvsf!sfmbujpotijqt!xjui!ubshfufe!cvtjoftt!boe!joevtusz!tfdupst/Nbobhf!fdpopnjd!efwfmpqnfou!fmfnfout!pg!D
juz!xfctjuf/Sftfbsdi!dptu!pg!qbsujdjqbujpo!jo!ubshfufe!usbef!tipxt!jo!qbsuofstijq!xjui!EFFE!Njooftpub!Nbslfujoh!Qbsuofst/Qsfqbsf!boe!ejtusjcvuf!nbslfujoh!nbufsjbmt/!Ofbs!ufsn!Bdujpot!jodmvef!eftjhojo
h!boe!qspevdjoh!FEB!Cj.Boovbm!Sfqpsu!3126.3127!boe!Dppsejobuf!tqpotpsfe!nbslfujoh!fwfout-!bewfsujtjoh-!wjefpt-!nfttbhjoh-!nbufsjbmt-!qbsujdjqbuf!jo!qbsuofstijq!bdujwjujft/Vujmj{f!pomjof!mjtujoht!uppm
t!up!qspnpuf!cvtjoftt!qbsl!qspqfsujft/Qsfqbsf!boe!tibsf!Efwfmpqnfou!Bdujwjuz!Nbq!)cvjmejoh!qfsnju!bdujwjuz*!up!hfofsbuf!bxbsfoftt!pg!dpotusvdujpo!bdujwjuz0jowftunfou/Qspnpuf!Tu/!Dmpve!vtjoh!cj.boovbm
!nbslfujoh!qmbo!bt!hvjef!gps!bdujwjujft0cvehfu/Dpotvmu!boe!bewjtf!xjui!puifs!efqbsunfout!po!dpnnvojuz0ofx!sftjefou!fmfnfout!pg!Djuz!xfctjuf/Nbobhf!Tu/!Dmpve!HSFBUFS!tpdjbm!nfejb!qmbugpsnt/Vujmj{f!Csb
oe!Bncbttbepst!tublfipmefs!hspvq!gps!sfhvmbs!gffecbdl!boe!tibsjoh!pg!sftjefou!nbslfujoh!tusbufhjft/
43
!???!!!!???!
Dpsf!Qsjodjqmf!4 Foibodf!boe!qspnpuf!uif!Djuz!pg!Tu/!Dmpve!bt!b!qmbdf!up!mjwf!boe!xpsl!)Nbslfujoh*pwfsbsdijoh!qsjodjqmf!.!Foibodf!Tu/!Dmpve!bt!b!qmbdf!up!mjwf!boe!xpsl/!Mjwbcjmjuz!jt!bo!fttfoujbm!gbd
ups!jo!buusbdujoh!cvtjofttft!boe!xpslgpsdf!sfrvjsfe!up!nffu!uif!dpnnvojuzt!fdpopnjd!efwfmpqnfou!pckfdujwft/!!Tusbufhz!4/2!.!Dpoevdu!b!qspbdujwf!nbslfujoh!dbnqbjho!up!buusbdu!ofx!cvtjoftt!jowftunfou/
Uif!FEB!foibodft!Tu/!Dmpve!bt!b!qmbdf!up!mjwf!boe!xpsl!cz!buusbdujoh!ofx!cvtjoftt!jowftunfou/!B!qspbdujwf!nbslfujoh!dbnqbjho!jt!bo!jnqpsubou!uppm!jo!buusbdujoh!ofx!cvtjofttft/!Uif!Bdujpot!sfmbufe!up!
dpoevdujoh!b!qspbdujwf!nbslfujoh!dbnqbjho!bsf!pohpjoh!gvodujpot!pg!uif!FEB!ipxfwfs!uif!bhhsfttjwfoftt!pg!uif!nbslfujoh!dbnqbjho!jt!ejdubufe!cz!uif!efejdbufe!sftpvsdft/Tusbufhz!4/3!.!Dpoevdu!b!qspbduj
wf!nbslfujoh!dbnqbjho!up!sfubjo!boe!buusbdu!sftjefout!boe!xpslgpsdf/Uif!FEB!tvqqpsut!uif!Tu/!Dmpve!Bsfb!Dibncfs!pg!Dpnnfsdf!boe!Dpowfoujpo!'!Wjtjupst!Cvsfbv-!Tu/!Dmpve!Epxoupxo!Dpvodjm-!Hsfbufs!Tu/!D
mpve!xjui!uif!cspbefs!mpdbm!cvtjoftt!dpnnvojuz!up!jodsfbtf!cvtjoftt!bdujwjuz!boe!hspx!uif!bsfbt!cz!qspnpujoh!hsfbufs!bxbsfoftt!pg!uif!Djuz!pg!Tu/!Dmpve!uispvhi!uif!Tu/!Dmpve!HSFBUFS!csboe!dbnqbjho!u
p!cvjme!qptjujwf!dpoofdujpot!xjui!sftjefout-!wjtjupst!boe!cvtjofttft!jo!uif!Tu/!Dmpve!dpnnvojuz/
27!
Bdujpot
Dpowfof!xjui!qbsuofs!foujujft!up!ftubcmjti!spmft!jo!uif!cvtjoftt!sfdsvjunfou!qspdftt-!jodmvejoh!EFFE-!Dpmmfhf-!Vojwfstjuz!boe!Xpslgpsdf!Dfoufs/Dpmmbcpsbuf!xjui!Hsfbufs!Tu/!Dmpve!Efwfmpqnfou!Dpsqpsbuj
po!up!jnqmfnfou!b!sfhjpobm!tusbufhz!gps!cvtjoftt!sfufoujpo!boe!fyqbotjpo/Fohbhf!boe!ofuxpsl!sfhvmbsmz!xjui!Dibncfs!pg!Dpnnfsdf-!Epxoupxo!Dpvodjm!boe!puifs!foujujft!uibu!tfswf!tnbmm!cvtjofttft!up!cf!b
!sftpvsdf!gps!cvtjoftt!offet!boe!gbdjmjubuf!efwfmpqnfou!pqqpsuvojujft/Dpoujovf!up!tvqqpsu!uif!Tu/!Dmpve!Sfhjpobm!Bjsqpsu!bt!b!nbkps!Xpsl!xjui!qbsuofs!foujujft!up!jefoujgz!boe!beesftt!xpslgpsdf!offet/
Vqebuf!Rvbe!Dpvoujft!Dpnqsfifotjwf!Fdpopnjd!Efwfmpqnfou!Tusbufhz!)DFET*!up!bddftt!Gfefsbm!FEB!gvoejoh!gps!cvtjoftt!efwfmpqnfou/Nbjoubjo!tuspoh!xpsljoh!sfmbujpotijq!xjui!Njooftpub!Efqbsunfou!pg!Fnqmpz
nfou!'!Fdpopnjd!Efwfmpqnfou!)EFFE*/Qbsujdjqbuf!jo!xpsl!hspvq!xjui!qbsuofst!up!dsfbuf!b!npefm!uibu!fodpvsbhft!boe!tvqqpsut!fousfqsfofvstijq/
!???!!
44
!
Uifsf!bsf!b!wbsjfuz!pg!puifs!pshboj{bujpot!uibu!qmbz!b!spmf!jo!fdpopnjd!efwfmpqnfou!jo!Tu/!Dmpve/!FEB!sfmbujpotijqt!xjui!puifs!fdpopnjd!efwfmpqnfou!qbsuofst!jt!bo!jnqpsubou!sftpvsdf/!Uif!FEB!mfwfsb
hft!jut!sftpvsdft!cz!ubqqjoh!joup!uif!fyqfsujtf!boe!dbqbdjujft!pg!pshboj{bujpot/!Uif!FEB!dbo!qspwjef!ufdiojdbm!tvqqpsu!up!qspkfdut!mfe!cz!puifs!pshboj{bujpot/!Qbsuofs!sfmbujpotijqt!bsf!bo!jogpsnbujpo
!dpoevju!gps!cvtjoftt!fyqbotjpot!uibu!offe!uif!FEBt!bttjtubodf-!bt!xfmm!bt!dpnnvojdbujpo!tpvsdf!bcpvu!djuz!qspkfdut!boe!tfswjdft!uibu!jnqbdu!cvtjofttft/!Nbjoubjojoh!sfmbujpotijqt!xjui!qbsuofs!foujuj
ft!upvdift!nboz!Tusbufhjft!boe!Bdujpot!jo!uif!Tusbufhjd!Qmbo/!Uiftf!Bdujpot!bsf!pohpjoh!boe!wbsz!bddpsejoh!up!pshboj{bujpo!boe!offe/
Dpsf!Qsjodjqmf!5 Tusbufhz!5/2!!Dpmmbcpsbuf!xjui!fdpopnjd!efwfmpqnfou!qbsuofst!up!bdijfwf!dppsejobufe!
28!
!
Bdujpot
!Bdujpot
Fodpvsbhf!sfefwfmpqnfou!boe!sfwjubmj{bujpo!qspkfdut!Epxoupxo!dpotjtufou!xjui!Djuzt!Dpnqsfifotjwf!Qmbo/Dpmmbcpsbuf!xjui!Djuz!efqbsunfout!po!sfefwfmpqnfou!qspkfdut/Voefsublf!nbslfu!tuvez!up!efufsnjof!
gfbtjcjmjuz!pg!qspqptfe!vtft!po!djuz.pxofe!tjuft-!bt!offefe/Dpoevdu!efwfmpqnfou!SGQ!tpmjdjubujpo-!tfmfdujpo!boe!ofhpujbujpo/wbdbou0cmjhiufe0voefsvujmj{fe!qbsdfmt/Fodpvsbhf!qspkfdut!bmpoh!Ejwjtjpo!Bwf
ovf!dpotjtufou!xjui!Djuzt!Dpnqsfifotjwf!Qmbo/Dpmmbcpsbuf!xjui!Djuz!efqbsunfout!po!sfefwfmpqnfou!qspkfdut/wbdbou0cmjhiufe0voefsvujmj{fe!qbsdfmt/tuboebset!xjuijo!dpnnfsdjbm!ejtusjdut!up!dsfbuf!npsf!bu
usbdujwf!boe!eftjsbcmf!mpdbujpot!gps!cvtjoftt!sfdsvjunfou!boe!sfufoujpo/
!???!???!!
45
Dpsf!Qsjodjqmf!6 Qmbz!b!lfz!spmf!jo!sfefwfmpqnfou!pg!dsjujdbm!dpnnfsdjbm!bsfbt!)Sfefwfmpqnfou*Uif!dbqbcjmjujft!pg!uif!FEB!jo!gbdjmjubujoh!ofx!cvtjoftt!efwfmpqnfou!bmtp!bqqmz!up!sfefwfmpqnfou!qspkfdut
/!Dpotjtufou!xjui!uif!Njttjpo!pg!uif!FEB-!jut!spmf!tipvme!cf!ubshfufe!up!uif!Epxoupxo!boe!puifs!lfz!cvtjoftt!ejtusjdut/!FEB!jowpmwfnfou!jo!sfefwfmpqnfou!sfqsftfout!Tusbufhz!6/2!.!Gbdjmjubuf!Epxoupxo!
sfefwfmpqnfou!qspkfdut!uibu!foibodf!Epxoupxo!bt!uif!djwjd-!fnqmpznfou!boe!dvmuvsbm!ivc!pg!Tu/!Dmpve/Ofbs.ufsn!Bdujpot!xjmm!gpdvt!po!uif!Dbubmztu!Tjuft!jo!uif!Dpnqsfifotjwf!Qmbo!!uif!djuz.pxofe!Mbezt
mjqqfs!Mpu!boe!Txbo!Mpu!sfefwfmpqnfou/Tusbufhz!6/3!!Gptufs!sfefwfmpqnfou!boe!sfwjubmj{bujpo!pg!lfz!dpnnfsdjbm!dpssjepst/Ofbs.ufsn!Bdujpot!xjmm!gpdvt!po!uif!Dbubmztu!Tjuft!jo!uif!Dpnqsfifotjwf!Qmbo!
!uif!qsjwbufmz.pxofe!Dppqfs!Bwfovf!sfefwfmpqnfou/
29!
Bdujpot
Qsfqbsf!boe!dpoevdu!npouimz!Cpbse!nffujoht/Qsfqbsf!boe!benjojtufs!boovbm!cvehfu/Vqebuf!uif!Tusbufhjd!Qmbo!bt!offefe/Dpoevdu!fevdbujpo!xpsl!tfttjpot!xjui!FEB!Cpbse-!bt!offefe/Qsfqbsf!pohpjoh!sfqpsut!u
p!Tubuf!bhfodjft!)EFFE*/
!???!!!
46
Dpsf!Qsjodjqmf!7 Opu!bmm!FEB!bdujwjujft!sfmbuf!ejsfdumz!up!cvtjoftt!efwfmpqnfou/!Uif!pohpjoh!nbobhfnfou!pg!uif!FEB!qmbdft!efnboe!po!sftpvsdft/!Uijt!btqfdu!pg!FEB!gvodujpo!jodsfbtft!bt!FEB!bdujwjujft!
fyqboe/!Uif!benjojtusbujwf!jnqmjdbujpot!nvtu!cf!dpotjefsfe!jo!uif!fwbmvbujpo!pg!ofx!FEB!jojujbujwft/Tusbufhz!7/2!.!Dppsejobuf!xpsl!pg!FEB!xjui!Nbzps-!Djuz!Dpvodjm!boe!Djuz!efqbsunfout/Bt!eftdsjcfe!qs
fwjpvtmz-!uif!FEB!fyjtut!bt!qbsu!pg!uif!cspbefs!tfswjdf!tztufn!pg!djuz!hpwfsonfou!jo!Tu/!Dmpve/!Uif!tvddftt!pg!uif!FEB!sfrvjsft!dmfbs!ejsfdujpo!boe!dppsejobujpo!xjui!puifs!btqfdut!pg!djuz!hpwfsonfou/
Tusbufhz!7/3!.!Vtf!Fdpopnjd!Efwfmpqnfou!Tusbufhjd!Qmbo!bt!b!hvjef!gps!FEB!bdujpot!boe!cvehfu/Uif!Tusbufhjd!Qmbo!jt!b!ezobnjd!epdvnfou/!Dpsf!Qsjodjqmft!bsf!joufoefe!up!tfswf!bt!wbmvft!gps!fwbmvbujoh!e
fdjtjpot/!Tusbufhjft!boe!bdujpot!eftdsjcf!uif!xpsl!pg!uif!FEB/!Uifz!tipvme!cf!sfwjfxfe!boe!vqebufe!boovbmmz/!!Uif!nbobhfnfou!pg!uif!FEB!dpotjtut!pg!b!tfu!pg!pohpjoh!Bdujpot/
Strategic Plan 2019-2021
Farmington Economic Development Authority
January 2019
47
EDA Strategic Plan2019-2021
CONTENTS
Contents ................................................................................................................................................ 1
Introduction ......................................................................................................................................... 2
Context ................................................................................................................................................. 3
EDA Powers ........................................................................................................................................................... 3
Comprehensive Plan .......................................................................................................................................... 3
City Government ................................................................................................................................................. 4
EDA Resources ..................................................................................................................................................... 5
Strategic Plan ...................................................................................................................................... 6
Objective: Expand and Diversify the Tax Base ......................................................................................... 6
Objective: Encourage development that brings additional goods and services to Farmington 11
Objective: Promote the economic and physical health of older sections of Farmington. ... 12
Objective: Effectively communicate information about the EDA within City government, to the
community and to people and businesses outside of Farmington. ............................................. 13
Objective: Conduct the business of the EDA to maximize its effectiveness. ............................. 14
January 2019
48
EDA Strategic Plan2019-2021
INTRODUCTION
This document presents the Strategic Plan for the Economic Development Authority (EDA) of
the City of Farmington. The EDA Strategic Plan serves several purposes:
The plan articulates the vision, mission and fundamental principles that guide decision
making and actions for the EDA.
The plan provides a framework for identifying potential roles for the EDA, prioritizing
use of resources and periodically reviewing actions taken by the EDA.
The plan serves as a tool for communicating information about the EDA to the city
council, city departments and advisory boards, partner organizations in the economic
development community and Farmington residents and businesses.
The Strategic Plan focuses on the years 2019 through 2021.
Vision Statement
the economic vitality of the City of Farmington and to enhance
the overall quality of life by attracting and retaining
businesses, creating partnerships, fostering employment
opportunities, promoting workforce housing, business growth,
and expanding the tax base through development and
redevelopment.
Mission Statement
Farmington is commerce friendly, responsive, and innovative
in the realm of economic development. The Economic
position Farmington as
open, grow, and
maintain a business.
January 2019
49
EDA Strategic Plan2019-2021
CONTEXT
The actions of the EDA do not occur in a vacuum, but within the context of city government
and development forces that affect Farmington and the region. Understanding this context is an
important element of creating and implementing the strategic plan.
EDA Powers
The powers of the EDA come from both State Law and city enabling resolution. The EDA can
exercise the powers set forth in Minnesota Statutes, Section 469.090 through 469.108 unless
otherwise limited by the city council. The Farmington EDA was established by Resolution R104-
authority with the following exceptions:
The sale of all bonds or other obligations issued by the EDA shall first be approved by
the city council.
The EDA shall follow the budget process for city departments as may be provided by
the city and as implemented by the city council and Administrator.
All official actions of the EDA shall be consistent with the city comprehensive plan and
official controls implementing the comprehensive plan.
The Enabling Resolution also transferred all activities, programs, operations and authority
relating to economic development from the Farmington Housing and Redevelopment Authority
(HRA). The EDA is authorized to exercise all of the powers granted to the HRA pursuant to
Minnesota Statutes, Sections 469.001 through 469.047.
No actions contemplated by the Strategic Plan are impaired by the limitations of State Law or
the Enabling Resolution.
Comprehensive Plan
The Economic Development chapter of the 2040 Comprehensive Plan provides a framework of
the activities of the EDA.
-
term roadmap for the City of Farmington and its partners (public, private, and nonprofit sectors) to work
together to enhance employment, investment and quality of life opportunities that benefit the entire
community. The city recognizes that local government has a responsibility for creating an environment in
The Comprehensive Plan contains eight (8) economic development goals. As part of the process
of creating this Strategic Plan, the EDA validated the importance of these goals for guiding the
actions of the EDA. The following list contains the economic development goals in order of the
ranking of the EDA Board:
January 2019
50
EDA Strategic Plan2019-2021
1. A three-year Strategic Plan for Economic Development that provides a dynamic and
2. Cultivation of strong relationships between existing businesses and the city to increase
business retention.
3. A desirable commercial environment for residents is created through growth from
existing and new businesses.
4. Healthy and diversified growth of existing and new businesses to achieve the
5. Redevelopment of vacant and underutilized properties in older areas to revitalize these
vital community areas.
6.
commercial, cultural, and recreational center.
7. Diverse housing options and quality of life amenities that support the needs and
preferences
8. A well-trained and adaptable workforce is maintained within the community to support
the projected business and job growth.
These goals provide a useful tool for evaluating EDA activities. How does the activity help to
achieve the goals of the Comprehensive Plan? A consistent connection between these goals and
EDA activities ensures that the EDA meets its mandate of consistency with the Comprehensive
Plan.
City Government
An essential factor shaping the Strat
city. The EDA is one of five advisory boards and commissions established by the city council.
The EDA is different from any other board in that it has the power and resources to undertake
projects in a relatively autonomous manner. State Law designates EDAs as political
subdivisions.
The EDA is governed by a 7-member board of commissioners appointed by the city council.
Members of the EDA board consist of two city council members, one Independent School
District 192 school board member, and four residents. Economic development staff is part of the
January 2019
51
EDA Strategic Plan2019-2021
cCommunity Development Director serves as
the Executive Director of the EDA.
This structure combines the dedicated focus on economic development and statutory powers of
the EDA with a day-to-day foundation in the core structure of the city.
EDA Resources
Creating and implementing the Strategic Plan must be done with an eye towards the resources
of the EDA. With limited resources, the effective use of resources should be a factor in
evaluating current and future activities. Do the potential benefits of the action merit the
allocations of EDA resources?
The most important resource of the EDA is city staff. The experience and technical skills of
economic and community development staff provide the capacity to successfully achieve EDA
objectives. The staff resource available to the EDA is a finite commodity. It is also a commodity
that serves other functions within city government.
January 2019
52
EDA Strategic Plan2019-2021
STRATEGIC PLAN
The EDA Strategic Plan is based on the following Core Strategies:
Attract new businesses that provide jobs, needed goods and services, and tax base
Encourage the retention and expansion of existing business
Encourage revitalization and redevelopment
Manage EDA programs and projects
Be the voice of economic development in city government
The Core Strategies guide EDA actions. All actions shall be consistent with one or more of the
Strategies.
Objective: Expand and Diversify the Tax Base
Economic development is not an end itself, but rather a means to achieve certain outcomes. An
important outcome in Farmington is to grow the property tax base. Preliminary tax rates for
taxes payable 2019 show Farmington with the fifth highest city tax rate for Dakota County cities
(over 1,000 population). When all other taxing jurisdictions are included, the total tax rate in
Farmington is the highest in Dakota County.
Preliminary 2019 Tax Rates
160.00
140.00
120.00
100.00
80.00
Tax Rate
60.00
40.00
20.00
-
City RateAll Others Rate
Figure 1
Tax base is a key factor in a higher tax rate. A lower tax base means that the city must tax at a
higher rate to generate revenue needed to operate the city. A comparison with other Dakota
County cities provides igure 2 shows total Pay
January 2019
53
EDA Strategic Plan2019-2021
2019 Taxable Market Value by property classification. Figure 3 compares the distribution of
Taxable Market Value among the property classifications.
Taxable Market Value
Taxes Payable 2019
8,000,000,000
7,000,000,000
6,000,000,000
All Other
5,000,000,000
Agriculture
4,000,000,000
Industrial
3,000,000,000
Commercial
Apartments
2,000,000,000
Residential
1,000,000,000
-
FarmingtonLakevilleRosemountHastingsApple
Valley
Figure 2
Taxable Market Value
Taxes Payable 2019
100%
90%
80%
All Other
70%
Agriculture
60%
Industrial
50%
Commercial
40%
Apartments
30%
Residential
20%
10%
0%
FarmingtonLakevilleRosemountHastingsApple Valley
Figure 3
These charts illustrate the need to grow and to diversify the tax base.
January 2019
54
EDA Strategic Plan2019-2021
Hastings has less Taxable Value than Farmington ($1.52 billion to $1.74 billion).
However, the portion of the total tax base in commercial and industrial property is more
than double in Hastings (11%) in comparison to Farmington (5%).
The commercial/industrial share of the tax base in the comparison cities ranges from
9.66% in Apple Valley to 11.24% in Rosemount.
Rosemount provides a good contrast to Farmington. The cities have similar populations
(Farmington 22,421 Rosemount 23,956), but Farmington has 29% less tax base. Total
Taxable Market Value per capita in Farmington is $87,866 and $116,100 in Rosemount.
Growing and diversifying the tax base has a variety of benefits. A growing tax base gives the
city more flexibility in funding services and capital improvements. This flexibility would likely
extend to the EDA budget. The demands for operating revenues may limit the ability to lower
the tax rate, but a growing tax base lessens the need to raise rates. Growing the tax base is one
of the only means available to the city to promote reductions in other parts of the total tax rate.
A diversified tax base changes the impacts of economic downturns as value changes vary
among property types. Commercial and industrial development make different use of city
services than residential with the potential for comparably less pressure to increase services and
spending.
EDA efforts to grow the tax base must be done thoughtfully and strategically. The Minnesota
property tax system affects the ability of the city to realize growth in the tax base from new
development. 40% of all new commercial-industrial value goes into the Fiscal Disparities Pool
and is not available for local taxation. The use of tax increment financing (TIF) or tax abatement
defers the benefits of new tax base until the financial assistance ends. Property class rates set by
the Legislature convert the Estimated Market Value to Tax Capacity (taxable) value
at different rates.
Figure 4 illustrates these points. This chart compares the Tax Capacity value available to the city
(and other taxing jurisdictions) from alternative development of 100 acres.
January 2019
55
EDA Strategic Plan2019-2021
Figure 4
Expansion of the tax base also comes from within. The Economic Development chapter of the
Comprehensive Plan no
businesses create 60%-A focus on local
businesses is a more efficient means of expanding the tax base. Resources applied to business
expansion are more likely to yield returns than using the same resources to compete with other
cities. Resources are applied to businesses already in Farmington rather than competing with
January 2019
56
EDA Strategic Plan2019-2021
other cities. The use of financial incentives (if needed) is typically lower and more closely
aligned with project need.
Tactics
1. Create and maintain strong relationships and lines of communication with local business to
identify opportunities for the EDA to enhance success and encourage expansion.
2. Be prepared to receive and effectively respond to inquiries about locating businesses in
Farmington.
3. Make use of tax increment financing and tax abatement, pursuant to city policies, to achieve
the objectives of the Strategic Plan.
4. Use tax increment financing and tax abatement only when the benefits received from the
development outweigh the deferred tax base.
2019 Action Plan
1. Create and conduct a comprehensive business needs/assessment survey.
2. Review and update (as needed) economic development promotional materials.
January 2019
57
EDA Strategic Plan2019-2021
Objective: Encourage development that brings additional goods and services
to Farmington
Building and maintaining a strong core of commercial development is important to Farmington.
When necessary goods and services are not available locally, residents travel to other cities to
shop. These trips often result in additional shopping that could have occurred in Farmington.
The EDA seeks to encourage commercial development that reduces this out-migration and
complements existing businesses.
The EDA has limited control over the type and pace of commercial development. Market forces
tend to be the primary force in commercial growth. In that regard, commercial development
and job growth are directly related. New, well-paying jobs located in Farmington may produce
t
development.
The EDA can facilitate commercial development by providing desirable business districts.
Farmington has a history of creating community plans for such business districts. Plans for
Vermillion River Crossing and Downtown Farmington provide the framework for public and
private investment. In 2019, the city will be completing a plan for development in the Highway
3 Corridor. The ongoing implementation of these plans is an important EDA objective.
Tactics
1. Attract new businesses that produce jobs that are likely to create or retain households and
expand the local market for new commercial development.
2. Prepare and implement plans that provide desirable locations for new commercial
development.
2019 Action Plan
1. Continue to work with brokers and land owners to attract developments to Vermillion River
Crossings area.
2. Create ongoing means of communicating actions related to the implementation of the
Downtown Redevelopment Plan to the EDA.
3. Play an active role in the completion of the Highway 3 Corridor Study and seek effective
implementation strategies.
January 2019
58
EDA Strategic Plan2019-2021
Objective: Promote the economic and physical health of older sections of
Farmington.
One of the Economic Development
reality, there are two aspects to redevelopment. The most effective strategy is to promote the
economic and physical health of the community to avoid the need for redevelopment. If the
need for redevelopment exists, however, it is important to prevent blighting conditions to
spread to other properties.
The EDA has taken a proactive approach to redevelopment by creating plans for the Downtown
and the Highway 3 Corridor. These plans provide a framework for public and private
investment. Implementation of these plans is not the sole responsibility of the EDA. The EDA
must coordinate its efforts with the city council, planning commission and other stakeholders.
Tactics
1. Engage on a consistent basis with the planning commission to share goals and develop
strategies.
2. Support the outcomes and implementation of the Highway 3 Corridor Plan.
3. Review and promote existing programs that target key areas.
2019 Action Plan
1. Schedule quarterly joint work sessions with the planning commission and semi-annual
work sessions with the city council to align priorities.
2. Complete and identify initial implementation steps of the Highway 3 Corridor Plan.
3. Meet with Dakota County CDA staff (or invite to EDA meeting) to discuss programs.
January 2019
59
EDA Strategic Plan2019-2021
Objective: Effectively communicate information about the EDA within city
government, to the community and to people and businesses outside of
Farmington.
Communication is an essential function of the EDA. Communication with the city council
promotes collaboration on shared objectives and builds the foundation for the financial
resources required by the EDA. Communication with the community explains the work of the
EDA, highlights the positive impact on the community and offsets potential misinformation.
Communication informs the business community, both within and outside of the community,
about the opportunities to do business in Farmington and the assistance available from the
EDA.
most important communication tool for the EDA. The website is the
development should be guided by several factors:
Information about the EDA and economic development in Farmington must be easy to find
on the website.
The information on the website must be useful.
The form and content of the pages devoted to economic development should convey a
positive message that creates interest in Farmington.
Tactics
1. Utilize the
development in Farmington.
2. Ensure that the website contains useful information for businesses evaluating potential
development in Farmington.
3. Make use of the newsletter and other ongoing city communications to provide information
about the EDA.
2019 Action Plan
1.
website.
2. Review and enhance .
3. Develop one or more new communications tools to relay the messages and work of the
EDA.
4. -facing newsletter.
5. Develop a social media strategy to promote the work of the EDA.
January 2019
60
EDA Strategic Plan2019-2021
Objective: Conduct the business of the EDA to maximize its effectiveness.
While this objective seems obvious, it is important to make it a stated objective of the Strategic
Plan. The EDA operates with limited resources in terms of funding, staff time and board
responsibilities. All decision-making must consider the effective use of these limited resources.
Tactics
1. Provide consistent information to the EDA about its financial condition and existing
obligations.
2. Provide the EDA with consistent updates on the status of the action plans for the Strategic
Plan and other ongoing initiatives of the EDA.
3. Annually update the action plans in the Strategic Plan.
2019 Action Plan
1. Provide in March.
2. Develop a standardized template for providing specific project updates.
3. Explore ways to enhance the effectiveness of monthly board meetings.
4. Create a process to annually review and update action plans in the Strategic Plan.
January 2019
61
Big Lake Economic Development Authority (BLEDA) Strategic Plan
3-Year Perspective 2021 through 2023
This Strategic Plan provides a realistic and practical approach to economic development goals and activities
for the BLEDA. The purpose is to guide BLEDA Commissioners and its staff to focus on economic development
priorities. This Strategic Plan will improve accountability for the BLEDA Commissioners along with its staff, and
will improve the capacity to measure outcomes.
The BLEDA Priority: To efficiently facilitate development while equally supporting the Big Lake business
community and driving economic growth.
Strategy: Market the City of Big Lake
ƚƩƉ tƌğƓ hĬƆĻĭƷźǝĻƭ
1. Facilitate a branding project
2. Reinstate the Business Retention & Expansion Program (BR&E)
3. Develop a Business Recognition & Encouragement Program (new BR&E)
4. Brand the BLEDA to be the face of Big Lake Economic Development
Strategy: Market and Sell Industrial Park Phase II Land by December 31, 2023.
ƚƩƉ tƌğƓ hĬƆĻĭƷźǝĻƭ
1. Appropriately stage the property (schedule lawn maintenance, install signage, etc.)
2. Direct market to Real Estate Brokers and Developers
3. Participate in relevant expos, site selector events, forums, conferences, etc.
Strategy: Recognize BLEDA & City-owned commercial and residential property. Cultivate a
development/redevelopment plan for each parcel.
ƚƩƉ tƌğƓ hĬƆĻĭƷźǝĻƭ
1. Martin Avenue / Fern Street (BLEDA-owned) PID 65-554-0105
Identify and eliminate road blocks for development / redevelopment
Contact owner of both PID 65-420-0135 and PID 65-420-0145 (same owner) to
discuss future of property position BLEDA to acquire properties in order to
redevelop site
2. 420 Putnam Avenue (BLEDA-owned) PID 65-403-0430
Monitor contiguous parcels and position BLEDA to acquire properties
Hold parcel for commercial development
Identify and eliminate road blocks for development / redevelopment
Determine when and how to market parcel
3. City Hall (City-owned) PID 65-477-0110, PID 65-477-0105, PID 65-477-0010
Streamline property for redevelopment opportunity
1 | Page
62
Execute a First Right of Refusal on the Jacobson property
4. Develop a list of all City-owned and BLEDA-owned parcels ask key staff as to why the
parcels are being held Market the parcels that the City can part with
Strategy: Recognize privately-owned commercial/industrial property and cultivate a
development/redevelopment plan for each parcel.
ƚƩƉ tƌğƓ hĬƆĻĭƷźǝĻƭ
1. Innovation Industrial Park I-4 Zoning District
Old
RiverWood Bank Big Lake Marketplace East
Transit Oriented Development District
Smith Property North of Old National Bank and Big Lake Dental
Land on East Side of the City out to 15 (Innovation Industrial Phase II and III?)
ated within the Downtown District
Old A&W Redevelopment Site
Farm Land South of Hwy 10 on West Side of City
Strategy: Generate revenue to create a Revolving Loan Fund and Marketing Fund.
ƚƩƉ tƌğƓ hĬƆĻĭƷźǝĻƭ
1. Maintain extensive knowledge of all business financing tools (federal, state, local, etc.)
2. Work in partnership with the Big Lake Finance Director to discover budgeting options for
the BLEDA to consider
that clearly explains all BLEDA finances
3. Author a successful Minnesota Investment Fund (MIF) Application to MnDEED to become
a financial pass-through for an eligible expanding business and to generate up to $100,000
for the BLEDA
4. Invest time into building and expanding relationships with Big Lake businesses, Big Lake
Schools, Big Lake Township, Sherburne County, Big Lake Chamber, regional partners,
developers, Realtors, investors, etc.
Conditions to be met for the possibility of a public partnership in redevelopment opportunities:
Commercial component must be included in the concept
Concept must increase the tax base
Concept must promote an economic value
2 | Page
63
EDA Agenda Item 7
MEETING DATE:
th
July 20, 2021
AGENDA ITEM:
7
SUBMITTED BY:
Nate Keller, Community Development Director
STAFF RECOMMENDATION:
Proceed forward with scheduling of navigating your competitive future workshop.
PREVIOUS BOARD ACTION:
None
BACKGROUND INFORMATION:
Staff would like to try and schedule a joint workshop between EDA, Council, and Planning Commission.
The workshop entitled “Navigating your competitive future” is offered through the Urban Land Institute.
The workshop is meant to foster dialogue and enhance cross communication. Intent is to position the
community to be as competitive as possible in attracting quality development. Specific topics are outlined
in the attached handout. Staff would anticipate this to be a fall workshop.
BUDGET/FISCAL IMPACT:
None the workshop is offered for free.
ATTACHMENTS:
1. Navigating your competitive future handout
REQUESTED BOARD ACTION:
Staff is looking for a motion in support of scheduling this workshop and specific topic.
64
Build Local Capacity
Navigating Your Competitive Future (“NCF”) is an interactive
workshop with policy leaders and volunteer real estate
professionals to focus on the current challenges of development
and redevelopment.
Never before has it been more critical for decision makers
economic future, from the COVID-19 precautions, long-term
need for economic recovery, and the growing call to address
entrenched inequalities.
NCF is designed to foster a meaningful dialogue across the
public and private sectors to strengthen a mutual understanding
1 HOUR
of effective partnerships and learn strategies to position your
community to be competitive and resilient, and to attract the best
quality development particularly in these uncertain and evolving
economic times.
We are now offering one hour virtual sessions and provide
1. Housing: An Economic Imperative
NCF Sessions are offered free of charge as
2. The Sharing Economy: Impact on the Built Environment
a result of the generous funding support:
3. Resiliency: Future of Public Infrastructure
4. Post Pandemic Impact on the Future of Development
MFU!BO!ODG!IFMQ!CVJME!ZPVS!DBQBDJUZ
DPOUBDU!VT!BU!!!J!!!!J!!NJOOFTPUB/VMJ/PSH
65
Pbl!Hspwf
Fml!Sjwfs
Xzpnjoh
TIFSCVSOFDIJTBHP
Npoujdfmmp
BOPLB
Dpmvncvt
Sbntfz
Boepwfs
Ibn!Mblf
Gpsftu!Mblf
Bmcfsuwjmmf
XSJHIU
Boplb
Tu/!Njdibfm
Sphfst
Mjop!Mblft
Ebzupo
Cvggbmp
Dppo!Sbqjet
Cmbjof
Ivhp
Dibnqmjo
Dfoufswjmmf
Ibopwfs
Djsdmf!Qjoft
Mfyjohupo
Pttfp
Tqsjoh!Mblf!Qbsl
Tipsfwjfx
`
_
Dpsdpsbo
Nbqmf!Hspwf
Efmmxppe
Npvoet!Wjfx
Hsffogjfme
Cspplmzo!Qbsl Opsui!Pblt
Spdlgpse
Gsjemfz
Bsefo!Ijmmt
IFOOFQJO
Hsbou
Cspplmzo
C/!W/
Xijuf
H/!M/
Dfoufs
Ofx
Xjmmfsojf
Cfbs
DsztubmWbeobjt Tujmmxbufs
Csjhiupo
`
_
Mpsfuup
Mblf
Ifjhiut
Ijmmupq
Dpmvncjb!Ifjhiut
Nbiupnfej
Ofx
Efmbop
`
_
Joefqfoefodf
Ipqf
Qjof!Tqsjoht
Pbl!Qbsl!Ifjhiut
Mjuumf
`
_
Nfejob
Qmznpvui
Spccjotebmf
Dbobeb
Tu/!Bouipoz
Nbqmf!Qmbjo
Opsui!Tu/!Qbvm
Sptfwjmmf
Nfejdjof!Mblf
Mbvefsebmf
Nbqmfxppe
Mblf!Fmnp
Gbmdpo!Ifjhiut
Mpoh!Mblf
`
_
Pblebmf
SBNTFZ
Hpmefo!Wbmmfz
Xbz{bub
XBTIJOHUPO
`
_
Pspop
Xbufsupxo
Njoofupolb
`
_
Njoofbqpmjt
Xppemboe
`
_
Mboegbmm
Tu/!Qbvm
N/!C/Tu/!Mpvjt!Qbsl
Effqibwfo
T/!Q/
Njoofusjtub
`
_
Npvoe
U/!C/
`
_
Ipqljot
Mjmzebmf
Hsffoxppe
Tu/!Cpojgbdjvt
Xppecvsz
TipsfxppeFydfmtjps
`
_
Bgupo
`
_X!Tu/!Qbvm
Nfoepub
Fejob
T!Tu/!Qbvm
Nfoepub!Ifjhiut
Sjdigjfme
Wjdupsjb
Ofxqpsu
Tvogjti!Mblf
Diboibttfo
`
_
Fefo!Qsbjsjf
Xbdpojb
Tu/!Qbvm!Qbsl
Cmppnjohupo
Jowfs
Hspwf
Fbhbo
Dibtlb
Dpuubhf!Hspwf
Ifjhiut
DBSWFS
Dpmphof
Tiblpqff
Cvsotwjmmf
Tbwbhf
Dbswfs
Sptfnpvou
Bqqmf!Wbmmfz
Ibtujoht
Qsjps!Mblf
Dpbuft
Mblfwjmmf
Wfsnjmmjpo
Kpsebo
Gbsnjohupo
EBLPUB
TDPUU
Cfmmf!Qmbjof
Ofx!Usjfs
Ibnqupo
Njftwjmmf
Ofx!Qsbhvf
Fmlp!Ofx!Nbslfu
Sboepmqi
Dboopo!Gbmmt
MF!TVFVS
SJDF
Ifjefmcfsh
HPPEIVF
Mpotebmf
µ
Mf!Tvfvs
VMJ!NO!Bewjtpsz!Tfswjdft!jo!uif!8.Dpvouz!NTQ!Nfusp!Sfhjpo
Djujft!xifsf!UBQt!xfsf!dpnqmfufe
`
_
Djujft!Dpnqmfufe!Pof!ODG
66
Kbovbsz!3131
Djujft!Dpnqmfufe!Uxp!ODGt
Nbq!Dpvsuftz!pg!Tuboufd
Jubtdb!Dp
Mblf!Dp
Ivccbse!Dp
Tu/!Mpvjt!Dp
Cfdlfs!Dp
Dbtt!Dp
`
_
Evmvui
Bjuljo!Dp
Xbefob!Dp
Dbsmupo!Dp
Dspx!Xjoh!Dp
Puufs!Ubjm!Dp
`
_
Csbjofse
"%a#
Qjof!Dp
Upee!Dp
Npssjtpo!Dp
Njmmf!Mbdt!Dp
Epvhmbt!Dp
Lbobcfd!Dp
`
_
Qjof!Djuz
Cfoupo!Dp
"%c#
Qpqf!Dp
`
_
Tbsufmm
Tufbsot!Dp
Jtbouj!Dp
Dijtbhp!Dp
Tifscvsof!Dp
Mjoetuspn
`
_
`
_
Dijtbhp!Djuz
`
_
Txjgu!Dp
Npoujdfmmp
`Xzpnjoh
_
Boplb!Dp
Xsjhiu!Dp
Lboejzpij!Dp
Nfflfs!Dp
Xbtijohupo!Dp
Dijqqfxb!Dp
Ifoofqjo!Dp
Sbntfz!Dp
"%c#
NdMfpe!Dp
Dbswfs!Dp
Sfowjmmf!Dp
Zfmmpx!Nfejdjof!Dp
Eblpub!Dp
Tdpuu!Dp
Tjcmfz!Dp
Sfexppe!Dp
`Hppeivf!Dp
_
`
_
Mf!Tvfvs
Opsuigjfme
Mf!Tvfvs!Dp
Ojdpmmfu!Dp
Sjdf!Dp
Xbcbtib!Dp
Cspxo!Dp
Dpuupoxppe!Dp
Pmntufe!Dp
Tuffmf!Dp
Cmvf!Fbsui!Dp
Xbtfdb!Dp
Epehf!Dp
`
_
Xjopob!Dp
Xbupoxbo!Dp
"%a#
Spdiftufs
Kbdltpo!Dp
"%b#
Ipvtupo!Dp
Npxfs!Dp
Nbsujo!Dp
Gbsjcbvmu!Dp
Gjmmnpsf!Dp
Gsffcpso!Dp
"%b#
`
_
Bvtujo
µ
VMJ!NO!Bewjtpsz!Tfswjdft!jo!Hsfbufs!Njooftpub
Djujft!Iptufe!ODGt8.Dpvouz!Nfusp!Bsfb!)tff!puifs!tjef*
`
_
Djujft!Iptufe!UBQt
`
_
67
Kbovbsz!3131
Djujft!Iptufe!cpui!ODGt!boe!UBQt
Nbq!Dpvsuftz!pg!Tuboufd
`
_