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75 Callaway Street East | Saint Joseph, Minnesota 56374
Email: cityoffices@cityofstjoseph.com | Phone: 320.363.7201 | Fax 320.363.0342
St. Joseph Economic Development Authority
November 16th, 2021
12:00 PM
75 Callaway St E (St. Joseph City Hall)
** The meeting will also be offered remotely via Zoom**
1.Call to order
2. Public Comments
3. Approve Agenda
4. Consent Agenda
a. Minutes – Requested Action: Approve the minutes of October 12th and November
4th, 2021
b. Financial Report –OCT REPORT
5.Business Façade grant – College & Minnesota LLC - 109 Ash St W
6. 2022 meeting dates
7. 2022 Chair and Vice Chair nomination
8.Work Session recap
9. Business/Development Updates
10.Board Member Announcements
11. Adjourn
Zoom Meeting Information
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October 12th, 2021
Page 1 of 1
Pursuant to due call and notice thereof, the St. Joseph Economic Development Authority met on
Tuesday, October 12th, 2021 at 12:00 PM.
Members Present: Board Members Kevin Kluesner, Larry Hosch, Doug Danielson, Dale Wick (via Zoom)
Members Absent: Rick Schultz
City Representatives Present: Community Development Director Nate Keller, City Administrator Therese
Haffner
Others Present: Cory Ehlert
Danielson called the St. Joseph Economic Development Authority meeting to order at 12:02 PM
Agenda Approval: Hosch made a motion to approve the agenda as presented; seconded by Hosch
and passed unanimously by those present.
Consent Agenda: Hosch made a motion to approve the consent agenda as follows; seconded by
Kluesner and passed unanimously by those present.
a. Minutes - Approved the minutes of September 21st, 2021
b.Financial Report – Approve the Aug and Sept report
JR Mobile site update
Mr. Ehlert provided a synopsis of where the JR Mobile site is at and recent activity. Of concern from staff
perspective is the ownership status. Staff would like additional documentation prior to submitting the
grant which includes: commitment letter from developer, signed purchase agreement, written confirmation
from owner on status and intent, updated quote on phase 1 and 2, and project schedule.
Hosch made a motion in support of the DEED Investigation grant resolution EDA001-2021;
seconded by Klusner and passed unanimously by those present.
Wick made a comment to ensure legal reviews the terms, conditions, and ownership status of the site
before an application is submitted. Keller confirmed they will ensure legal oks everything.
Work Session scheduling and topics
Keller reminded the Commission of the upcoming work session and topics on October 20th.
Business/Development Updates
Keller updated the Commission on: GSDC meeting, conversion of residential houses into commercial
uses within the B-1 district, Gateway bonding request, 2.5 acre lot off Co Rd 75, River’s Bend 4, Trobec’s,
Fire/Village Hall, St. Cloud APO Beltline.
Adjourn: Kluesner made a motion to adjourn the meeting at 12:58 PM, seconded by Hosch and
passed unanimously by those present.
Nate Keller
Community Development Director
DRAFT
2222
November 4th, 2021
Page 1 of 1
Pursuant to due call and notice thereof, the St. Joseph Economic Development Authority met on
Thursday, November 4th, 2021 at 5:00 PM.
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: None
Schultz called the St. Joseph Economic Development Authority meeting to order at 5:01 PM
Agenda Approval: Hosch made a motion to approve the agenda as presented; seconded by
Danielson and passed unanimously by those present.
Work Session
Discussion occurred on a variety of potential priorities including: JR site, west end of downtown, gateway
area, industrial park, active projects, and more. Consensus of the EDA Board was to focus on:
1.Hotel development within downtown area
2.Redevelopment of downtown specifically West of 2nd Ave NW
Adjourn: Kluesner made a motion to adjourn the meeting at 5:42 PM, seconded by Hosch and
passed unanimously by those present.
Nate Keller
Community Development Director
3333
EDA Agenda Item 4b
________________________
MEETING DATE: November 16, 2021
AGENDA ITEM: October 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 October 31, 2021. The ending
undesignated balance shows a surplus of $54,530. 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 proceeds from
the old fire hall/police station will be deposited into the EDA fund for future downtown economic
development.
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 $223,818 on
October 31th, including $200,054 reserved balance from the EDA fund to be used for future economic
development projects; $23,764 is available from the State’s RLF fund for future loan requests.
The Lodging Tax fund has a balance of $20,229 on October 31th. A summary of their activity is enclosed
in this report. Lodging tax collections were down significantly in 2020/2021; council approved to
discontinue lodging tax from 12/1/20 through 4/31/2021 resulting in the lower collections. The lodging
tax revenue began again in June with May collections. Revenue collections this summer are closer to
normal from pre-COVID. In addition, the 2019 and 2020 t-shirt and beanie hat proceeds were received.
New hats and t-shirts are being sold at the MN Street Market. The Co-op remits sales proceeds
monthly.
The 2018 Housing Rehab grant administered by Central MN Housing Partnership has a balance of
$12,466. CMHP stated they have applications pending to use up the remaining grant dollars before the
end of the year. CMHP requested an extension for spending down the grant funds past 9/30/2021. A
couple of the projects are waiting on construction supplies to complete.
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
REQUESTED BOARD ACTION: Consider acceptance of the October financial reports.
444
11/08/21 10:25 AM
EDA Balance Sheet
City of St. Joseph
Page 1
Current Period: October 2021
FUND Descr Account Descr Begin Yr
YTD
Debit
YTD
Credit
Current
Balance
FUND 150 Economic Development
Economic Development G 150-10100 Cash $111,121.79 $131,714.11 $134,261.88 $108,574.02
Economic Development G 150-10450 Interest Receivable $110.15 $0.00 $110.15 $0.00
Economic Development G 150-10500 Accounts Receivable $0.00 $0.00 $0.00 $0.00
Economic Development G 150-10700 Taxes Receivable - Delinquen $2,111.50 $0.00 $2,111.50 $0.00
Economic Development G 150-13113 Due From other Gov t Units $6,963.10 $0.00 $6,963.10 $0.00
Economic Development G 150-15500 Due From Other Fund $12,500.00 $0.00 $0.00 $12,500.00
Economic Development G 150-20200 Accounts Payable -$16,122.49 $16,122.49 $0.00 $0.00
Economic Development G 150-20201 Salaries Payable -$575.60 $575.60 $0.00 $0.00
Economic Development G 150-22204 Deferred Inflow of Resources -$2,111.50 $2,111.50 $0.00 $0.00
Economic Development G 150-24415 Design. Fd Bal - Operations $0.00 $0.00 $0.00 $0.00
Economic Development G 150-25310 Unassigned Fund Balance -$113,996.95 $141,335.13 $148,412.20 -$121,074.02
$0.00 $291,858.83 $291,858.83 $0.00FUND 150 Economic Development
FUND 153 TIF 4-1 Fortitude Senior Apts
TIF 4-1 Fortitude Senior G 153-10100 Cash $11,148.87 $34,387.54 $32,078.04 $13,458.37
TIF 4-1 Fortitude Senior G 153-10450 Interest Receivable $19.19 $0.00 $19.19 $0.00
TIF 4-1 Fortitude Senior G 153-10500 Accounts Receivable $0.00 $0.00 $0.00 $0.00
TIF 4-1 Fortitude Senior G 153-20200 Accounts Payable -$51.10 $51.10 $0.00 $0.00
TIF 4-1 Fortitude Senior G 153-20500 Due To Other Fund $0.00 $0.00 $0.00 $0.00
TIF 4-1 Fortitude Senior G 153-25310 Unassigned Fund Balance -$11,116.96 $32,097.23 $34,438.64 -$13,458.37
$0.00 $66,535.87 $66,535.87 $0.00FUND 153 TIF 4-1 Fortitude Senior Apts
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream G 157-10100 Cash $32,821.83 $25,350.83 $23,797.30 $34,375.36
TIF 2-1 Millstream G 157-10450 Interest Receivable $63.98 $0.00 $63.98 $0.00
TIF 2-1 Millstream G 157-10500 Accounts Receivable $0.00 $0.00 $0.00 $0.00
TIF 2-1 Millstream G 157-13113 Due From other Gov t Units $1,880.48 $0.00 $1,880.48 $0.00
TIF 2-1 Millstream G 157-20200 Accounts Payable -$1,692.43 $1,692.43 $0.00 $0.00
TIF 2-1 Millstream G 157-25310 Unassigned Fund Balance -$33,073.86 $25,741.76 $27,043.26 -$34,375.36
$0.00 $52,785.02 $52,785.02 $0.00FUND 157 TIF 2-1 Millstream
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat Market G 158-10100 Cash $333.57 $4,587.28 $4,920.85 $0.00
TIF 2-2 Meat Market G 158-10450 Interest Receivable $2.13 $0.00 $2.13 $0.00
TIF 2-2 Meat Market G 158-20200 Accounts Payable -$8.29 $8.29 $0.00 $0.00
TIF 2-2 Meat Market G 158-20201 Salaries Payable $0.00 $0.00 $0.00 $0.00
TIF 2-2 Meat Market G 158-20500 Due To Other Fund $0.00 $0.00 $0.00 $0.00
TIF 2-2 Meat Market G 158-25310 Unassigned Fund Balance -$327.41 $4,922.98 $4,595.57 $0.00
$0.00 $9,518.55 $9,518.55 $0.00FUND 158 TIF 2-2 Meat Market
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
TIF 2-3 Bayou Blues/All G 159-10100 Cash $3,372.23 $17,892.68 $18,962.82 $2,302.09
TIF 2-3 Bayou Blues/All G 159-10450 Interest Receivable $2.00 $0.00 $2.00 $0.00
TIF 2-3 Bayou Blues/All G 159-13113 Due From other Gov t Units $0.00 $0.00 $0.00 $0.00
TIF 2-3 Bayou Blues/All G 159-20200 Accounts Payable -$12.91 $12.91 $0.00 $0.00
TIF 2-3 Bayou Blues/All G 159-20500 Due To Other Fund -$12,500.00 $0.00 $0.00 -$12,500.00
TIF 2-3 Bayou Blues/All G 159-25310 Unassigned Fund Balance $9,138.68 $18,964.82 $17,905.59 $10,197.91
$0.00 $36,870.41 $36,870.41 $0.00FUND 159 TIF 2-3 Bayou Blues/Alley Flat
FUND 220 Lodging Tax
Lodging Tax G 220-10100 Cash $22,164.03 $12,323.30 $14,258.54 $20,228.79
Lodging Tax G 220-10450 Interest Receivable $55.10 $0.00 $55.10 $0.00
555
FUND Descr Account Descr Begin Yr
YTD
Debit
YTD
Credit
Current
Balance
Page 2
11/08/21 10:25 AM
EDA Balance Sheet
City of St. Joseph
Current Period: October 2021
Lodging Tax G 220-10500 Accounts Receivable $20.91 $0.00 $20.91 $0.00
Lodging Tax G 220-25310 Unassigned Fund Balance -$22,240.04 $14,334.55 $12,323.30 -$20,228.79
$0.00 $26,657.85 $26,657.85 $0.00FUND 220 Lodging Tax
FUND 225 DEED CDAP Grant
DEED CDAP Grant G 225-10100 Cash $47,311.21 $5,379.84 $6,402.33 $46,288.72
DEED CDAP Grant G 225-10450 Interest Receivable $90.72 $0.00 $90.72 $0.00
DEED CDAP Grant G 225-25310 Unassigned Fund Balance -$47,401.93 $6,493.05 $5,379.84 -$46,288.72
$0.00 $11,872.89 $11,872.89 $0.00FUND 225 DEED CDAP Grant
FUND 250 Revolving Loan Fund
Revolving Loan Fund G 250-10100 Cash $211,383.92 $13,147.20 $712.90 $223,818.22
Revolving Loan Fund G 250-10450 Interest Receivable $456.53 $0.00 $456.53 $0.00
Revolving Loan Fund G 250-11900 Notes Receivable $79,637.97 $0.00 $79,637.97 $0.00
Revolving Loan Fund G 250-20200 Accounts Payable -$20.00 $20.00 $0.00 $0.00
Revolving Loan Fund G 250-22204 Deferred Inflow of Resources -$79,425.27 $79,637.97 $212.70 $0.00
Revolving Loan Fund G 250-24415 Design. Fd Bal - Operations -$11,979.24 $11,979.24 $0.00 $0.00
Revolving Loan Fund G 250-25310 Unassigned Fund Balance -$200,053.91 $1,382.13 $25,146.44 -$223,818.22
$0.00 $106,166.54 $106,166.54 $0.00FUND 250 Revolving Loan Fund
$0.00 $602,265.96 $602,265.96 $0.00
666
11/08/21 10:25 AM
EDA Expenditure Report
City of St. Joseph
Page 1
Current Period: October 2021
Account Descr
2021
YTD Budget
October
2021 Amt
2021
YTD Amt
FUND 150 Economic Development
E 150-46500-101 Salaries $27,295.00 $2,350.60 $24,170.77
E 150-46500-103 Legislative Bodies $1,050.00 $0.00 $350.00
E 150-46500-121 PERA Contributions $2,045.00 $176.28 $1,812.66
E 150-46500-122 FICA Contributions $1,630.00 $144.22 $1,484.43
E 150-46500-123 Deferred Comp-Employer $455.00 $17.50 $175.00
E 150-46500-125 Medicare Contributions $380.00 $33.72 $347.10
E 150-46500-130 H S A- Employer Contribution $790.00 $0.00 $787.50
E 150-46500-131 Health Insurance $5,460.00 $442.62 $4,426.19
E 150-46500-132 Dental Insurance $415.00 $27.78 $311.01
E 150-46500-133 Life Insurance $25.00 $2.33 $20.97
E 150-46500-134 Disabilty Insurance $285.00 $22.30 $111.50
E 150-46500-151 Workers Comp. Insur. Prem. $220.00 $53.38 $207.90
E 150-46500-171 Clothing Allowance $70.00 $0.00 $0.00
E 150-46500-200 Office Supplies $500.00 $55.99 $107.31
E 150-46500-215 Software Support $1,445.00 $0.00 $687.89
E 150-46500-300 Professional Services $1,200.00 $0.00 $4,800.00
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 $13,157.50 $52,668.75
E 150-46500-321 Telephone $1,400.00 $113.60 $1,211.29
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 $57.50
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 $18,198.12
E 150-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00
$130,310.00 $16,597.82 $117,256.61FUND 150 Economic Development
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 $1,000.00
E 153-46500-306 County TIF Admin Fee $0.00 $0.00 $68.88
E 153-46500-340 Advertising $55.00 $0.00 $28.75
E 153-46500-588 EDA Programs $0.00 $0.00 $0.00
E 153-46500-622 TIF/Abatement Payments $0.00 $0.00 $30,882.55
E 153-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00
$1,045.00 $0.00 $31,980.18FUND 153 TIF 4-1 Fortitude Senior Apts
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
777
Account Descr
2021
YTD Budget
October
2021 Amt
2021
YTD Amt
Page 2
11/08/21 10:25 AM
EDA Expenditure Report
City of St. Joseph
Current Period: October 2021
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 $1,000.00
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 $28.75
E 157-46500-622 TIF/Abatement Payments $0.00 $0.00 $20,959.70
E 157-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00
$1,045.00 $0.00 $21,988.45FUND 157 TIF 2-1 Millstream
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 $9.20
E 158-46500-340 Advertising $55.00 $0.00 $28.75
E 158-46500-622 TIF/Abatement Payments $0.00 $0.00 $4,872.28
$555.00 $0.00 $4,910.23FUND 158 TIF 2-2 Meat Market
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 $1,000.00
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 $35.87
E 159-46500-340 Advertising $55.00 $0.00 $28.75
E 159-46500-622 TIF/Abatement Payments $0.00 $0.00 $17,869.30
E 159-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00
$1,045.00 $0.00 $18,933.92FUND 159 TIF 2-3 Bayou Blues/Alley Flat
FUND 220 Lodging Tax
E 220-46500-300 Professional Services $3,000.00 $750.00 $8,250.00
E 220-46500-309 Visitors Bureau $10,500.00 $19.17 $3,061.52
E 220-46500-328 Marketing $2,000.00 $366.78 $2,885.18
E 220-46500-331 Travel & Conference Expense $0.00 $0.00 $0.00
E 220-46500-340 Advertising $550.00 $0.00 $0.00
$16,050.00 $1,135.95 $14,196.70FUND 220 Lodging Tax
FUND 225 DEED CDAP Grant
E 225-46500-300 Professional Services $0.00 $0.00 $6,250.00
888
Account Descr
2021
YTD Budget
October
2021 Amt
2021
YTD Amt
Page 3
11/08/21 10:25 AM
EDA Expenditure Report
City of St. Joseph
Current Period: October 2021
E 225-46500-340 Advertising $0.00 $0.00 $0.00
$0.00 $0.00 $6,250.00FUND 225 DEED CDAP Grant
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
$0.00 $0.00 $0.00FUND 250 Revolving Loan Fund
$150,050.00 $17,733.77 $215,516.09
999
11/08/21 10:25 AM
EDA Revenue Report
City of St. Joseph
Page 1
Current Period: October 2021
Account Descr SOURC
2021
YTD Budget
October
2021 Amt
2021
YTD Amt
FUND 150 Economic Development
R 150-46500-31010 Current Ad Valorem Taxes 31010 $119,905.00 $228.61 $63,788.41
R 150-46500-33160 Federal Grants - Other 33160 $0.00 $27,972.50 $52,668.75
R 150-46500-33430 Other Grants/Aids 33430 $0.00 $0.00 $0.00
R 150-46500-34150 TIF/MIF Deposit 34150 $0.00 $3,125.00 $3,125.00
R 150-46500-34160 Tax Abatement Reimbursement 34160 $9,385.00 $0.00 $4,691.00
R 150-46500-36210 Interest Earnings 36210 $1,020.00 -$20.13 $60.52
R 150-49302-36260 Surplus Property 36260 $0.00 $0.00 $0.00
R 150-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$130,310.00 $31,305.98 $124,333.68FUND 150 Economic Development
FUND 153 TIF 4-1 Fortitude Senior Apts
R 153-46500-31050 Tax Increment 31050 $0.00 $0.00 $34,313.94
R 153-46500-34150 TIF/MIF Deposit 34150 $0.00 $0.00 $0.00
R 153-46500-36210 Interest Earnings 36210 $100.00 -$2.57 $7.65
R 153-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$100.00 -$2.57 $34,321.59FUND 153 TIF 4-1 Fortitude Senior Apts
FUND 157 TIF 2-1 Millstream
R 157-46500-31050 Tax Increment 31050 $0.00 $0.00 $23,288.55
R 157-46500-36210 Interest Earnings 36210 $500.00 -$6.47 $1.40
$500.00 -$6.47 $23,289.95FUND 157 TIF 2-1 Millstream
FUND 158 TIF 2-2 Meat Market
R 158-46500-31050 Tax Increment 31050 $0.00 $0.00 $4,585.24
R 158-46500-36210 Interest Earnings 36210 $25.00 $0.00 -$2.42
R 158-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$25.00 $0.00 $4,582.82FUND 158 TIF 2-2 Meat Market
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
R 159-46500-31050 Tax Increment 31050 $0.00 $0.00 $17,869.30
R 159-46500-36210 Interest Earnings 36210 $25.00 -$0.49 $5.39
R 159-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$25.00 -$0.49 $17,874.69FUND 159 TIF 2-3 Bayou Blues/Alley Flat
FUND 220 Lodging Tax
R 220-46500-31600 Lodging Tax 31600 $10,500.00 $1,264.63 $6,877.82
R 220-46500-33400 State Grants and Aids 33400 $0.00 $1,250.00 $2,025.00
R 220-46500-34406 Sponsorship Fee 34406 $0.00 $0.00 $0.00
R 220-46500-34409 Marketing 34409 $1,500.00 $112.50 $3,305.00
R 220-46500-36210 Interest Earnings 36210 $600.00 -$3.43 -$22.37
R 220-46500-36230 Contributions - General 36230 $0.00 $0.00 $0.00
R 220-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$12,600.00 $2,623.70 $12,185.45FUND 220 Lodging Tax
FUND 225 DEED CDAP Grant
R 225-46500-34200 DEED Housing Reimbursement 34200 $0.00 $0.00 $5,142.85
R 225-46500-36210 Interest Earnings 36210 $850.00 -$8.38 -$6.06
R 225-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$850.00 -$8.38 $5,136.79FUND 225 DEED CDAP Grant
FUND 250 Revolving Loan Fund
R 250-46500-36210 Interest Earnings 36210 $3,000.00 -$41.30 $2.84
R 250-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
101010
Account Descr SOURC
2021
YTD Budget
October
2021 Amt
2021
YTD Amt
Page 2
11/08/21 10:25 AM
EDA Revenue Report
City of St. Joseph
Current Period: October 2021
R 250-46500-39320 Loan Principal 39320 $11,140.00 $999.48 $9,942.38
R 250-46500-39321 Loan Interest 39321 $2,145.00 $204.24 $1,839.85
R 250-46500-39322 Loan Origination Fee 39322 $0.00 $0.00 $0.00
$16,285.00 $1,162.42 $11,785.07FUND 250 Revolving Loan Fund
$160,695.00 $35,074.19 $233,510.04
111111
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
October 2021
Fund 150, EDA Balance as of December 31, 2020 (Audited)113,996.95
Year to Date Revenue:Budget YTD Actual
Interest Earnings 1,020 60.52
TIF/MIF Deposit - 3,125.00
DEED Housing Federal Grant Proceeds - 52,668.75
Abatement Reimbursement (School District)9,385 4,691.00
Ad Valorem Taxes 119,905 63,788.41
Total Revenue 130,310 124,333.68
Year to Date Expenditures by Object:
Board Stipends 1,050 (350.00)
Staff Salaries/Training 40,995 (33,967.85)
Workers Comp Premium 220 (207.90)
Software Support/Office Supplies 1,945 (795.20)
Professional Services 1,200 (4,800.00)
Legal/Engineering Fees 3,000 -
Telephone 1,400 (1,211.29)
Greater St. Cloud Development Investment 5,000 (5,000.00)
Business Round Table Outreach - -
Advertising - (57.50)
Abatement Payments (Country Manor)30,000 (18,198.12)
CM Housing Grant Reimbursement - (52,668.75)
Computers 500 -
EDA Programs 45,000 -
Transfer to Other Funds - -
Total Expenses 130,310 (117,256.61)
Fund Summaries as of October 31, 2021:
EDA Fund Balance - Fund 150 - unaudited, cash balance 121,074.02
Designated for Capital Programs 66,544.41
Designated for CVB Strategic Plan/Photos-remaining balance -
Undesignated 54,529.61
TIF 4-1 Fortitude Senior Apts Fund Balance - Fund 153 13,458.37
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157 34,375.36
TIF 2-3 Bayou Blues & Alley Flats Fund Balance - Fund 159 (10,197.91)
Lodging Tax Fund Balance - Fund 220 20,228.79
DEED CDAP Grant Fund Balance - Fund 225 46,288.72
Revolving Loan Fund Balance - Fund 250 223,818.22
Designated for Revolving Loan Program 23,764.31
Designated for Economic Development 200,053.91
121212
2021CityofSt.JosephGeneralFundCapitalEquipmentPlanAdministrationAdoptedDecember7,202112/31/20Availablethrough10/31 through10/31ProjectBudgetProjectPurchased ReplaceReserve Budget Grants/Aids Spent2021DepartmentAccountCodeNumberEquipmentYear YearBalance 2021 20212021 BalanceElection10141410xxxAD-1401Election Equipmentvarious annually6,372.312,500.004,000.004,872.31Administration49041430570AD-1502Scanners2008/2010/ 2016201849041430570AD-1403Telephone System2017 on going1,771.721,771.7249041430570AD-1411Mailing System2014 20205,875.00500.006,375.0049041430570AD-1802Presentation Equipment2017 on going1,500.00250.001,750.0049041430570AD-1803Community Signs2017 on going7,800.007,800.0049041430570AD-1405Equipment Replacementon going on going6,721.62500.007,221.6223,668.341,250.0024,918.3449041430581AD-1406Computer Replacementvarious 201832,423.102,500.001,650.0033,273.1049041430582AD-1407Computer Softwarevarious on going3,304.68750.004,054.68Building Inspection 490-42401-550AD-2001Vehiclenew 2025TOTAL ADMINISTRATION GENERAL CEP65,768.437,000.005,650.0067,118.43Planning & Zoning10141910300AD-1410Plan Update-Comp Plan2017 202212,242.546,000.0018,242.54Parks10145202300newMaster Park Planning2008 on going1,500.001,000.002,500.00Finance10141530300AD-1801Plan Update-GASB2017 2018250.00250.0013,742.547,250.0020,992.54PEG Equipment10841950580CAB-1601equip replacement2017 on going(1,408.78)6,800.004,379.912,971.13(1,408.78)6,800.004,379.912,971.13TOTAL ADMINISTRATION/PLAN/FINANCE/PEG GENERAL CEP78,102.1921,050.004,379.915,650.0091,082.102020EquipmentCertificateAdministration40941430581AD-1406Computer Replacementvarious 202015,776.643,521.5212,255.12TOTAL ADMINISTRATION CEP93,878.8321,050.004,379.919,171.52103,337.22131313
CVB2021FinancialSummaryAsofOctober31,2021BeginningFundBalance112122,240.04$BudgetYTDRevBudget YTDRevCustomer202220222021 2021InterestEarnings300.00$Interest 600.00$(22.37)$Tshirt/Hats/MerchandiseSales1,500.00$Marketing 1,500.00$3,305.00$Sponsorshipdues4,000.00$ExploreMNGrantphaseI$775.00$EDATransferSponsorshipMatch4,000.00$ExploreMNGrantphaseII$1,250.00$RodewayInnLodgingTax10,000.00$LodgeTax9,000.00$5,517.57$CSBLodgingTax3,300.00$LodgeTax1,000.00$492.20$EstatesB&BLodgingTax700.00$LodgeTax500.00$868.05$23,800.00$12,600.00$12,185.45$BudgetYTDExpBudget YTDExpVendor202220222021 2021ProfessionalServicesManageSocialMedia(BrunoPress)9,000.00$BrunoPress 9,000.00$8,250.00$Visitor'sBureauRubinskiWorksVideos2,400.00$Videos/photos 2,000.00$1,800.00$Visitor'sBureauWebsite/Joetownmn.comHosting1,745.00$website 500.00$706.52$Visitor'sBureauShopSmall/WinterwalkPostcards500.00$Marketing 500.00$$Visitor'sBureauPhotos1,200.00$ShopSmall 1,100.00$$Visitor'sBureauBikeRacks1,000.00$Visitor'sBureauWobegonTrailheadMaps/Signage**2,900.00$MarketingAdditionalwithSponsorshipFees2,000.00$SHRPAHotelStay$MarketingSHRPA$SHRPA 900.00$900.00$MarketingMerchandiseSales(Krillan)1,500.00$Tshirt/caps 1,500.00$1,185.18$AdvertiseGreaterSt.CloudVisitor'sGuide775.00$ExploreMNGrant 350.00$775.00$AdvertiseMNTrailsMagazine580.00$MNTrailsMagazineAd$580.00$AdvertiseNewcomerServiceMagazine200.00$advertising 200.00$$23,800.00$16,050.00$14,196.70$EndingCashBalance10312120,228.79$EDAFund150Budget:Budget YTDSpent2021StrategicPlan2,000.00$2,000.00$20213monthsPictures1,800.00$1,800.00$**Proposetrailheadsigntobepaidforwithfund390balancefromCitywelcomesignsproject3,800.00$3,800.00$141414
EDA Agenda Item 5
MEETING DATE: November 16th, 2021
AGENDA ITEM: 5. Business Façade grant - College and MN LLC 109 Ash St W
SUBMITTED BY: Nate Keller, Community Development Director
PREVIOUS BOARD ACTION: None
BACKGROUND INFORMATION:
Shannon Wiger owner of 109 Ash St W is partaking on a renovation of the property.
The property is zoned Commercial but has been used as residential. Ms. Wiger is converting the use to
commercial in adherence to the zoning. The grant funds would go towards a new front porch. More
details are provided in the attached application. Ms. Wiger will also attend the meeting to explain the
scope of the project and answer any questions. Ms. Wiger is asking for the full grant match of $1,000.
Ms. Wiger was also informed of the Business Façade grant increasing in 2022 to max of $2,000 (per the
EDA 2022 budget approval) however she would like to start this project in 2021.
BUDGET/FISCAL IMPACT: None
ATTACHMENTS: BFA application
REQUESTED BOARD ACTION:
Motion 1 – Approval of grant request in the amount of $1,000 (to not exceed).
4151515
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 and historic 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 until all 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/or result 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 funding unless
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 in a publicly visible improvement and for actual
construction costs related to an approved improvement. Other uses may also 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 projects on lots previously undeveloped (redevelopment and/or rehabilitation
projects remain eligible) unless it results in a project beyond typical construction and is consistent
5161616
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 property and 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. Project is 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). As indicated, 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 applicant upon 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 in a 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.
6171717
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: College & Minnesota, LLC (Shannon Wiger)
Phone: 320-333—6563 Email: Shannon.wiger@lawmoss.com
Mailing Address: 1598 Blackberry Circle, Sartell, MN 56377
Property Owner: College & Minnesota, LLC – Shannon Wiger
Phone: 320-333-6563 Email: shannon.wiger@lawmoss.com
Mailing Address: 1598 Blackberry Circle, Sartell, MN 56377
PROJECT INFORMATION:
Business Name: College & Minnesota LLC
Business Address: 109 Ash St. W
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: $5,500
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? X 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? No.
7181818
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.
We will be installing a new concrete front porch that will wrap around the front of the existing structure.
This ramp will not only provide a substantial visual improvement, but will also make this property ADA
accessible. Additionally, the porch will create an opportunity for future commercial tenants to have an
indoor/outdoor retail space.
Photo #1 is the existing structure, and photo #2 is an example of visual design elements of the new porch
(posts, covered awning, etc.). The drawings depict the ramping that will cover the front of the addition,
leading to the porch and meeting ADA compliance.
Photo #1: Existing Structure
8191919
Photo # 2: Example of awning and post design.
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.
x Will positively contribute to the City’s revitalization/renewal efforts.
x Will eliminate a blighting influence.
x Will result in a visible improvement that would not be made otherwise.
x 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.
9202020
Grant Disbursement
Awarded loan funds will be dispersed to the applicant upon 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 Applicant Date
Signature of Owner(s) (if different than Applicant) Date
Contact:
Therese Haffner, Community Development Director
(320) 229-9424
thaffner@cityofstjoseph.com
Submit completed application by email to thaffner@cityofstjoseph.com or to:
St. Joseph Government Center
75 Callaway St. E
St. Joseph, MN 56374
10212121
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11222222
EDA Agenda Item 6 - 8
MEETING DATE: November 16th, 2021
AGENDA ITEM: 6. 2022 meeting dates
7. Chair and Vice Chair nomination
8. Work Session recap
SUBMITTED BY: Nate Keller, Community Development Director
PREVIOUS BOARD ACTION:
Item 6 and 7 – none
Item 8 – Work session was conducted on November 4th, 2021
BACKGROUND INFORMATION:
Item 6 – Attached is the 2022 meeting dates. Staff asks for approval on the proposed schedule.
Item 7 – Staff asks the Board to nominate a Chair and Vice Chair for 2022
Item 8 – At the November 4th work session the EDA agreed to the following two priorities:
1.Hotel development
2.Redevelopment of downtown area specifically west of 2nd Ave NW
Staff would like discussion to help determine a focus area specifically as it pertains to priority number
one (hotel). Staff will pull up maps at the meeting to aid in discussion. Based on targeted areas staff will
begin reaching out with prospective partners.
Also attached is background information as it pertains to establishment of Economic Development
Districts. The EDA also discussed Rights of First Refusal. Both serve as tools.
BUDGET/FISCAL IMPACT: None
ATTACHMENTS: 1.Economic Development District statute
REQUESTED BOARD ACTION:
Motion 1 – Approval of 2022 meeting dates
Motion 2 – Approval of Chair and Vice Chair
Motion 3 – Direction on areas of redevelopment priority
12232323
ECONOMIC DEVELOPMENT DISTRICTS
469.101 POWERS.
Subdivision 1. Establishment.
An economic development authority may create and define the boundaries of economic development
districts at any place or places within the city, except that the district boundaries must be contiguous,
and may use the powers granted in sections 469.090 to 469.108 to carry out its purposes. First the
authority must hold a public hearing on the matter. At least ten days before the hearing, the authority
shall publish notice of the hearing in a newspaper of general circulation in the city. Also, the authority
shall find that an economic development district is proper and desirable to establish and develop within
the city.
Subd. 2.Acquire property.
The economic development authority may acquire by lease, purchase, gift, devise, or condemnation
proceedings the needed right, title, and interest in property to create economic development districts. It
shall pay for the property out of money it receives under sections 469.090 to 469.108. It may hold and
dispose of the property subject to the limits and conditions in sections 469.090 to 469.108. The title to
property acquired by condemnation or purchase must be in fee simple, absolute. The authority may
accept an interest in property acquired in another way subject to any condition of the grantor or donor.
The condition must be consistent with the proper use of the property under
sections 469.090 to 469.108. Property acquired, owned, leased, controlled, used, or occupied by the
authority for any of the purposes of this section is for public governmental and municipal purposes and
is exempt from taxation by the state or by its political subdivisions, except to the extent that the
property is subject to the sales and use tax under chapter 297A. The exemption applies only while the
authority holds property for its own purpose. The exemption is subject to the provisions of
section 272.02, subdivision 39. When the property is sold it becomes subject to taxation.
Subd. 3.Options.
The economic development authority may sign options to purchase, sell, or lease property.
Subd. 4.Eminent domain.
The economic development authority may exercise the power of eminent domain under chapter 117, or
under its city's charter to acquire property it is authorized to acquire by condemnation. The authority
may acquire in this way property acquired by its owner by eminent domain or property already devoted
to a public use only if its city's council approves. The authority may take possession of property to be
condemned after it files a petition in condemnation proceedings describing the property. The authority
may abandon the condemnation before taking possession.
Subd. 5.Contracts.
The economic development authority may make contracts for the purpose of economic development
within the powers given it in sections 469.090 to 469.108. The authority may contract or arrange with
the federal government, or any of its departments, with persons, public corporations, the state, or any
of its political subdivisions, commissions, or agencies, for separate or joint action, on any matter related
13242424
to using the authority's powers or performing its duties. The authority may contract to purchase and sell
real and personal property. An obligation or expense must not be incurred unless existing
appropriations together with the reasonably expected revenue of the authority from other sources are
sufficient to discharge the obligation or pay the expense when due. The state and its municipal
subdivisions are not liable on the obligations.
Subd. 5a.Construction contracts.
For all contracts for construction, alteration, repair, or maintenance work, the authority may award
contracts to the vendor offering the best value, and "best value" shall be defined and applied as set
forth in section 16C.28, subdivisions 1, paragraph (a), clause (2), and paragraph (c), and 1b. Alternatively,
the authority may award all contracts for construction, alteration, repair, or maintenance work to the
lowest responsible bidder, reserving the right to reject any or all bids.
Subd. 6.Limited partner.
The economic development authority may be a limited partner in a partnership whose purpose is
consistent with the authority's purpose.
Subd. 7.Rights; easements.
The economic development authority may acquire rights or an easement for a term of years or
perpetually for development of an economic development district.
Subd. 8.Supplies; materials.
The economic development authority may buy the supplies and materials it needs to carry out this
section.
Subd. 9.Receive public property.
The economic development authority may accept land, money, or other assistance, whether by gift, loan
or otherwise, in any form from the federal or state government, or an agency of either, or a local
subdivision of state government to carry out sections 469.090 to 469.108 and to acquire and develop an
economic development district and its facilities under this section.
Subd. 10.Development district authority.
The economic development authority may sell or lease land held by it for economic development in
economic development districts. The authority may acquire, sell, or lease single or multiple tracts of
land regardless of size, to be developed as a part of the economic development of the district under
sections 469.090 to 469.108.
Subd. 11.Foreign trade zone.
The economic development authority may apply to the board defined in United States Code, title 19,
section 81a, for the right to use the powers provided in United States Code, title 19, sections 81a to 81u.
If the right is granted, the authority may use the powers. One authority may apply with another
authority.
Subd. 12.Relation to other redevelopment powers.
14252525
The economic development authority may exercise powers and duties of a redevelopment agency under
sections 469.152 to 469.165, for a purpose in sections 469.001 to 469.047 or 469.090 to 469.108. The
authority may also use the powers and duties in sections 469.001 to 469.047 and 469.090 to 469.108 for
a purpose in sections 469.152 to 469.165.
Subd. 13.Public facilities.
The authority may operate and maintain a public parking facility or other public facility to promote
development in an economic development district.
Subd. 14.Government agent.
An economic development authority may cooperate with or act as agent for the federal or the state
government, or a state public body, or an agency or instrumentality of a government or a public body to
carry out sections 469.090 to 469.108 or any other related federal, state, or local law in the area of
economic development district improvement.
Subd. 15.Studies, analysis, research.
An authority may study and analyze economic development needs in the city, and ways to meet the
needs. An authority may study the desirable patterns for land use for economic development and
community growth and other factors affecting local economic development in the city and make the
result of the studies available to the public and to industry in general. An authority may engage in
research and disseminate information on economic development within the city.
Subd. 16.Public relations.
To further an authorized purpose, an authority may (1) join an official, industrial, commercial, or trade
association, or another organization concerned with the purpose, (2) have a reception of officials who
may contribute to advancing the city and its economic development, and (3) carry out other public
relations activities to promote the city and its economic development. Activities under this subdivision
have a public purpose.
Subd. 17.Accept public land.
An authority may accept conveyances of land from all other public agencies, commissions, or other units
of government, if the land can be properly used by the authority in an economic development district, to
carry out the purposes of sections 469.090 to 469.108.
Subd. 18.Economic development.
An authority may carry out the law on economic development districts to develop and improve the
lands in an economic development district to make it suitable and available for economic development
uses and purposes. An authority may fill, grade, and protect the property and do anything necessary and
expedient, after acquiring the property, to make it suitable and attractive as a tract for economic
development. An authority may lease some or all of its lands or property and may set up local
improvement districts in all or part of an economic development district.
Subd. 19.Loans in anticipation of bonds.
15262626
After authorizing bonds under sections 469.102 and 469.103, an authority may borrow to provide
money immediately required for the bond purpose. The loans must not exceed the amount of the
bonds. The authority shall by resolution decide the terms of the loans. The loans must be evidenced by
negotiable notes due in not more than 12 months from the date of the loan payable to the order of the
lender or to bearer, to be repaid with interest from the proceeds of the bonds when the bonds are
issued and delivered to the bond purchasers. The loan must not be obtained from any commissioner of
the authority or from any corporation, association, or other institution of which an authority
commissioner is a stockholder or officer.
Subd. 20.Use of proceeds.
The proceeds of obligations issued by an authority under section 469.103 and temporary loans obtained
under subdivision 19 may be used to make or purchase loans for economic development facilities that
the authority believes will require financing. To make or purchase the loans, the authority may enter
into loan and related agreements, both before and after issuing the obligations, with persons, firms,
public or private corporations, federal or state agencies, and governmental units under terms and
conditions the authority considers appropriate. A governmental unit in the state may apply, contract for,
and receive the loans. Chapter 475 does not apply to the loans.
Subd. 22.Secondary market.
An authority may sell, at private or public sale, at the price or prices determined by the authority, any
note, mortgage, lease, sublease, lease purchase, or other instrument or obligation evidencing or
securing a loan made for the purpose of economic development, job creation, redevelopment, or
community revitalization by a public agency to a business, for-profit or nonprofit organization, or an
individual.
Subd. 23.Supplying small business capital.
Notwithstanding any contrary law, the authority may participate with public or private corporations or
other entities, whose purpose is to provide seed or venture capital to small businesses that have
facilities located or to be located in the district. For that purpose the authority may use not more than
ten percent of available annual net income or $1,000,000 annually, whichever is less, to invest in
equities or acquire equity-type investments. These investments can be made directly in eligible
corporations or entities or acquired through participation in a public or private seed or venture capital
fund. The participation by the authority may not exceed in any year 25 percent of the total amount of
funds provided for venture or seed capital purposes by all of the participants. The corporation, entity, or
fund shall report in writing each six months to the commissioners of the authority all investments and
other action taken by it since the last report. Funds contributed to the corporation or entity must be
invested pro rata with each contributor of capital taking proportional risks on each investment. As used
in this subdivision, the term "small business" has the meaning given it in section 645.445, subdivision 2.
History:
1987 c 291 s 102; 1988 c 580 s 5; 1991 c 295 s 2; 1992 c 363 art 1 s 13; 2000 c 418 art 2 s 7; 2006 c 214 s
20; 2007 c 148 art 3 s 30; 2010 c 389 art 7 s 5; 2014 c 196 art 3 s 3; 1Sp2017 c 1 art 7 s 6
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2022 EDA Submittal and Meeting Dates
Phone 320-229-9425
Submittal Deadline Board meeting date
By 12:00 pm
December 28 1/18/22
January 31 2/15/22
February 28 3/15/22
March 29 4/19/22
April 26 5/17/22
May 31 6/21/22
June 28 7/19/22
July 26 8/16/22
August 30 9/20/22
September 27 10/18/22
October 31 11/15/22
November 29 12/20/22 ______
December 27 1/17/23
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DEVELOPMENT UPDATE – NOV. 2021
A sample of recent activities
Weekly check-ins with Trobec’s
Follow up with parties who submitted an RFP for Village/Fire Hall regarding space and
locations (two different parties)
Walk through of 106 2nd Ave NW with owner
Meeting with owner of Opus
Various discussions on upcoming business expansion projects
Parcel 84.53430.0084 (414 8th Ave NE) – staff will provide verbal update at meeting
Consistent communication with Ms. Wiger re: Ash St properties and transition from
residential to Commercial
Re-plat approval for Village/Fire Hall
Monthly check-in with GSDC
o St. Cloud Shines monthly newsletter -
https://www.stcloudshines.com/subscribe-to-our-monthly-email/
Newsletter focus on stories, events, and happenings in Central MN
29
River’s Bend 4 plat (Nov. 15th Council agenda item)
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