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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 December 21st, 2021 12:00 PM 75 Callaway St E (St. Joseph City Hall) ** The meeting will also be offered remotely via Zoom** *A QUORUM OF THE CITY COUNCIL IS POSSIBLE AT THIS EDA MEETING*
1.Call to order
2. Public Comments
3. Approve Agenda
4. Consent Agendaa. Minutes – Requested Action: Approve the minutes of November 16th, 2021b. Financial Report –NOV REPORT
5. Connecting Entrepreneurial Communities Conference - 2022
6.Village/Fire hall sale proceeds
7. Business/Development and EDA priorities update
8.Board Member Announcements
9. Adjourn
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November 16th, 2021 Page 1 of 1
Pursuant to due call and notice thereof, the St. Joseph Economic Development Authority met on Tuesday, November 16th, 2021 at 12:00 PM.
Members Present: Board Members Kevin Kluesner, Larry Hosch, Doug Danielson, Dale Wick
Members Absent: Rick Schultz
City Representatives Present: Community Development Director Nate Keller, City Administrator Therese Haffner
Danielson called the St. Joseph Economic Development Authority meeting to order at 12:01 PM
Agenda Approval: Wick made a motion to approve the agenda as presented; seconded by Kluesner and passed unanimously by those present.
Consent Agenda: Wick 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 October 12th and November 4th, 2021
b.Financial Report – Oct. reportKeller noted the funds from the sale of the Village/Fire Hall will be deposited into the EDA program
account (to be used for downtown redevelopment.)
Business Façade grant – College and MN LLC – 109 Ash St W Keller presented the request. Shannon Wiger is proposing to renovate the property at 109 Ash St W and
add a patio and new front façade. The property was previously used as residential and the conversion will be to commercial.
Wick made a motion in support of the Façade grant for 109 Ash St W; seconded by Hosch and passed unanimously by those present.
2022 meeting dates Keller presented the dates for EDA meetings. Brief discussion was had on changing the time of the meetings however no changes were made to the proposed schedule.
2022 Chair and Vice Chair nomination Nominations will be made in January.
Business/Development Updates
Keller updated the Commission on various topics like: River’s Bend 4, sale of property on 8th Ave NE, continued redevelopment in the downtown. GSDC is holding a “pitch” night on December 13th. Keller will send off the invitation to Board members.
Adjourn: Kluesner made a motion to adjourn the meeting at 12:29 PM, seconded by Danielson and passed unanimously by those present.
Nate Keller Community Development Director
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EDA Agenda Item 4b
________________________
MEETING DATE: December 21, 2021
AGENDA ITEM: November 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 November 30, 2021. The ending
undesignated balance shows a surplus of $38,239. The designated project balance is $180,752 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 were 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 $224,905 on
November 30th, including $200,054 reserved balance from the EDA fund to be used for future economic
development projects; $24,851 is available from the State’s RLF fund for future loan requests.
The Lodging Tax fund has a balance of $20,833 on November 30th. 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 4/30/2021 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 been spent. The
final grant proceeds were deposited in Dec. 2021.
BUDGET/FISCAL IMPACT: For Information Only
ATTACHMENTS: 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 November financial reports.
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12/10/21 3:18 PM
EDA Balance Sheet
City of St. Joseph Page 1
Current Period: November 2021
FUND Descr Account Descr Begin Yr YTDDebit YTDCredit CurrentBalance
FUND 150 Economic Development
Economic Development G 150-10100 Cash $111,121.79 $245,752.61 $150,383.17 $206,491.23
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 $157,456.42 $262,450.70 -$218,991.23
$0.00 $422,018.62 $422,018.62 $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 $32,085.08 $13,451.33
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 $32,104.27 $34,438.64 -$13,451.33
$0.00 $66,542.91 $66,542.91 $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 $23,815.30 $34,357.36
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 $25,759.76 $27,043.26 -$34,357.36
$0.00 $52,803.02 $52,803.02 $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 $18,964.02 $2,300.89
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 $18,966.02 $17,905.59 $10,199.11
$0.00 $36,871.61 $36,871.61 $0.00FUND 159 TIF 2-3 Bayou Blues/Alley Flat
FUND 220 Lodging Tax
Lodging Tax G 220-10100 Cash $22,164.03 $13,716.83 $15,047.94 $20,832.92
Lodging Tax G 220-10450 Interest Receivable $55.10 $0.00 $55.10 $0.00
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FUND Descr Account Descr Begin Yr YTDDebit YTDCredit CurrentBalance
Page 2
12/10/21 3:18 PM
EDA Balance Sheet
City of St. Joseph
Current Period: November 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 $15,123.95 $13,716.83 -$20,832.92
$0.00 $28,840.78 $28,840.78 $0.00FUND 220 Lodging Tax
FUND 225 DEED CDAP Grant
DEED CDAP Grant G 225-10100 Cash $47,311.21 $5,379.84 $9,551.21 $43,139.84
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 $9,641.93 $5,379.84 -$43,139.84
$0.00 $15,021.77 $15,021.77 $0.00FUND 225 DEED CDAP Grant
FUND 250 Revolving Loan Fund
Revolving Loan Fund G 250-10100 Cash $211,383.92 $14,350.92 $829.45 $224,905.39
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 $1,498.68 $26,350.16 -$224,905.39
$0.00 $107,486.81 $107,486.81 $0.00FUND 250 Revolving Loan Fund
$0.00 $739,104.07 $739,104.07 $0.00
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12/10/21 3:19 PM
EDA Expenditure Report
City of St. Joseph Page 1
Current Period: November 2021
Account Descr 2021YTD Budget November2021 Amt 2021YTD Amt
FUND 150 Economic Development
E 150-46500-101 Salaries $27,295.00 $2,350.60 $26,521.37
E 150-46500-103 Legislative Bodies $1,050.00 $0.00 $350.00
E 150-46500-121 PERA Contributions $2,045.00 $176.28 $1,988.94
E 150-46500-122 FICA Contributions $1,630.00 $144.22 $1,628.65
E 150-46500-123 Deferred Comp-Employer $455.00 $17.50 $192.50
E 150-46500-125 Medicare Contributions $380.00 $33.72 $380.82
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 $4,868.81
E 150-46500-132 Dental Insurance $415.00 $27.78 $338.79
E 150-46500-133 Life Insurance $25.00 $4.66 $25.63
E 150-46500-134 Disabilty Insurance $285.00 $44.60 $156.10
E 150-46500-151 Workers Comp. Insur. Prem. $220.00 $0.00 $207.90
E 150-46500-171 Clothing Allowance $70.00 $0.00 $0.00
E 150-46500-200 Office Supplies $500.00 $0.00 $107.31
E 150-46500-215 Software Support $1,445.00 $0.00 $687.89
E 150-46500-300 Professional Services $1,200.00 $15.00 $4,815.00
E 150-46500-303 Engineering Fee $2,000.00 $97.50 $97.50
E 150-46500-304 Legal Fees $1,000.00 $57.00 $57.00
E 150-46500-308 Community Programs $0.00 $12,465.50 $65,134.25
E 150-46500-321 Telephone $1,400.00 $116.06 $1,327.35
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 $73.27 $130.77
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 $16,066.31 $133,322.92FUND 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
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Account Descr 2021YTD Budget November2021 Amt 2021YTD Amt
Page 2
12/10/21 3:19 PM
EDA Expenditure Report
City of St. Joseph
Current Period: November 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 $0.00 $8,250.00
E 220-46500-309 Visitors Bureau $10,500.00 $779.40 $3,840.92
E 220-46500-328 Marketing $2,000.00 $0.00 $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 $779.40 $14,976.10FUND 220 Lodging Tax
FUND 225 DEED CDAP Grant
E 225-46500-300 Professional Services $0.00 $3,125.00 $9,375.00
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Account Descr 2021YTD Budget November2021 Amt 2021YTD Amt
Page 3
12/10/21 3:19 PM
EDA Expenditure Report
City of St. Joseph
Current Period: November 2021
E 225-46500-340 Advertising $0.00 $0.00 $0.00
E 225-46500-431 Annexation/Recording Fee $0.00 $0.00 $0.00
$0.00 $3,125.00 $9,375.00FUND 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 $19,970.71 $235,486.80
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12/10/21 3:20 PM
EDA Revenue Report
City of St. Joseph Page 1
Current Period: November 2021
Account Descr SOURC 2021YTD Budget November2021 Amt 2021YTD Amt
FUND 150 Economic Development
R 150-46500-31010 Current Ad Valorem Taxes 31010 $119,905.00 $0.00 $63,788.41
R 150-46500-33160 Federal Grants - Other 33160 $0.00 $0.00 $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 $0.00 $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 -$54.98 $5.54
R 150-49302-36260 Surplus Property 36260 $0.00 $114,038.50 $114,038.50
R 150-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$130,310.00 $113,983.52 $238,317.20FUND 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 -$7.04 $0.61
R 153-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$100.00 -$7.04 $34,314.55FUND 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 -$18.00 -$16.60
$500.00 -$18.00 $23,271.95FUND 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 -$1.20 $4.19
R 159-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$25.00 -$1.20 $17,873.49FUND 159 TIF 2-3 Bayou Blues/Alley Flat
FUND 220 Lodging Tax
R 220-46500-31600 Lodging Tax 31600 $10,500.00 $1,224.78 $8,102.60
R 220-46500-33400 State Grants and Aids 33400 $0.00 $0.00 $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 $168.75 $3,473.75
R 220-46500-36210 Interest Earnings 36210 $600.00 -$10.00 -$32.37
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 $1,383.53 $13,568.98FUND 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 -$23.88 -$29.94
R 225-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$850.00 -$23.88 $5,112.91FUND 225 DEED CDAP Grant
FUND 250 Revolving Loan Fund
R 250-46500-36210 Interest Earnings 36210 $3,000.00 -$116.55 -$113.71
R 250-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
9
Account Descr SOURC 2021YTD Budget November2021 Amt 2021YTD Amt
Page 2
12/10/21 3:20 PM
EDA Revenue Report
City of St. Joseph
Current Period: November 2021
R 250-46500-39320 Loan Principal 39320 $11,140.00 $1,032.87 $10,975.25
R 250-46500-39321 Loan Interest 39321 $2,145.00 $170.85 $2,010.70
R 250-46500-39322 Loan Origination Fee 39322 $0.00 $0.00 $0.00
$16,285.00 $1,087.17 $12,872.24FUND 250 Revolving Loan Fund
$160,695.00 $116,404.10 $349,914.14
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St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
November 2021
Fund 150, EDA Balance as of December 31, 2020 (Audited)113,996.95
Year to Date Revenue:Budget YTD Actual
Interest Earnings 1,020 5.54
TIF/MIF Deposit - 3,125.00
DEED Housing Federal Grant Proceeds - 52,668.75
Abatement Reimbursement (School District)9,385 4,691.00
Building Sale - 114,038.50
Ad Valorem Taxes 119,905 63,788.41
Total Revenue 130,310 238,317.20
Year to Date Expenditures by Object:
Board Stipends 1,050 (350.00)
Staff Salaries/Training 40,995 (37,209.83)
Workers Comp Premium 220 (207.90)
Software Support/Office Supplies 1,945 (795.20)
Professional Services 1,200 (4,815.00)
Legal/Engineering Fees 3,000 (154.50)
Telephone 1,400 (1,327.35)
Greater St. Cloud Development Investment 5,000 (5,000.00)
Business Round Table Outreach - -
Advertising - (130.77)
Abatement Payments (Country Manor)30,000 (18,198.12)
CM Housing Grant Reimbursement - (65,134.25)
Computers 500 -
EDA Programs 45,000 -
Transfer to Other Funds - -
Total Expenses 130,310 (133,322.92)
Fund Summaries as of November 30, 2021:
EDA Fund Balance - Fund 150 - unaudited, cash balance 218,991.23
Designated for Capital Programs 180,752.41
Undesignated 38,238.82
TIF 4-1 Fortitude Senior Apts Fund Balance - Fund 153 13,451.33
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157 34,357.36
TIF 2-3 Bayou Blues & Alley Flats Fund Balance - Fund 159 (10,199.11)
Lodging Tax Fund Balance - Fund 220 20,832.92
DEED CDAP Grant Fund Balance - Fund 225 43,139.84
Revolving Loan Fund Balance - Fund 250 224,905.39
Designated for Revolving Loan Program 24,851.48
Designated for Economic Development 200,053.91
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CVB2021FinancialSummaryAsofNovember30,2021BeginningFundBalance112122,240.04$BudgetYTDRevBudget YTDRevCustomer202220222021 2021InterestEarnings300.00$Interest 600.00$(32.37)$Tshirt/Hats/MerchandiseSales1,500.00$Marketing 1,500.00$3,473.75$Sponsorshipdues4,000.00$ExploreMNGrantphaseI$775.00$EDATransferSponsorshipMatch4,000.00$ExploreMNGrantphaseII$1,250.00$RodewayInnLodgingTax10,000.00$LodgeTax9,000.00$6,638.79$CSBLodgingTax3,300.00$LodgeTax1,000.00$595.76$EstatesB&BLodgingTax700.00$LodgeTax500.00$868.05$23,800.00$12,600.00$13,568.98$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$479.40$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$300.00$23,800.00$16,050.00$14,976.10$EndingCashBalance11302120,832.92$EDAFund150Budget:Budget YTDSpent2021StrategicPlan2,000.00$2,000.00$20213monthsPictures1,800.00$1,800.00$**Proposetrailheadsigntobepaidforwithfund390balancefromCitywelcomesignsproject3,800.00$3,800.00$12
EDA Agenda Item
MEETING DATE: December 21st
AGENDA ITEM:
SUBMITTED BY: Nate Keller, Community Development Director
PREVIOUS BOARD ACTION: None
BACKGROUND INFORMATION: The University of MN extension organizes an annual conference titled “Connecting Entrepreneurial Communities” conference. The 2022 conference is on September 8th/9th. Annual conferences typically see 200+ people for attendance. The conference is meant to:
Foster entrepreneur dialogue
Create networking opportunities
Share best practices/ideas
Support new, existing, and potential entrepreneur’s
And many more!In order to host the conference communities must apply. Host communities must:
Be less than 20,000 in population
Secure venue sites for breakout sessions
Lead local promotions
Secure volunteersProvide maps, welcome packets
Recommend local speakers
Raise $4,500 in local sponsorships. This sponsorship can come from EDA funds, city funds, otherpartners or local business contributions. If EDA supports staff to apply staff proposes to use a
maximum of $4,500 of funds from the sale of the Village/Fire hall to go towards the sponsorshipcost for the conference while also asking other potential partners if they are willing to contribute.
The conference has a unique format. Breakout sessions at the conference will occur at local businesses with larger sessions held at a venue that supports a couple hundred people (like CSB). Deadline for applications is 5pm Friday, February 25th, 2022. Staff would start reaching out to potential speakers, and
partners pending EDA support of applying. The CVB did discuss the conference at their December 13th meeting and are in support of city applying.
More information on the conference can be found here: https://sites.google.com/umn.edu/entrepreneurial-communities-mn/home And here: https://sites.google.com/umn.edu/entrepreneurial-communities-mn/communities
BUDGET/FISCAL IMPACT: $4,500 – could decrease if other partners are involved or contributions made from businesses.
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ATTACHMENTS: 1. Conference background
REQUESTED BOARD ACTION: Motion 1 – Motion to direct staff to apply for hosting of the 2022 Connecting Entrepreneurial Communities conference
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About the Conference Entrepreneurs will help create the future of Minnesota. That's why the Connecting Entrepreneurial Communities (CEC) conference will, for the fourth year, bring together entrepreneurs, business leaders, economic development professionals, decision makers, and community champions. Together, we can create the kind of supportive networks that help entrepreneurs succeed in our communities. The conference is being led by University of Minnesota Extension Center for Community Vitality, and joined by the Minnesota Small Business Development Centers, Rethos, Launch Minnesota, The Southwest Initiative Foundation, Minnesota Department of Employment and Economic Development, the University of Minnesota Carlson School of Management, and many other organizations. By increasing the frequency and density of regional cooperative network development and use, the conference aims to: 1. Showcase tools and resources available to support entrepreneurs in Minnesota. 2. Provide neighboring communities with the opportunity to learn from each other and share ideas that work in supporting local entrepreneurs. 3. Bring other state and national resources to Minnesota's regional networks, growing the number of resources we tap. 4. Feature panel discussions with innovative members of the Launch Minnesota Network. The 2022 conference in Minnesota is scheduled for September 8-9th, 2022 in-person. To learn more about the conference and its potential value to your community, please visit our 2022 Conference page and For Participants pages. To be considered as a potential host community for the 2022 conference, please visit our For Communities page. The deadline for applying is 5 pm February, 25, 2022 to be considered.
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2022 Connecting Entrepreneurial Communities
Conference Host Request Proposals The Connecting Entrepreneurial Communities (CEC) Conference collaborative is seeking engaged communities (with populations of 20,000 or fewer) to serve as a host for the September 2022 conference. The tentative conference dates are September 8-9th. The CEC Conference is designed for small rural communities interested in building entrepreneurial communities throughout Minnesota and beyond. Join other like-minded individuals to:
Learn about programs and resources
Share best practices and ideas
Empower ourselves and others to assist entrepreneurs
Grow our local communities
Host community expectations A committed local team is required for a host community. Do you have a team of partners willing to actively assist with local logistics, sourcing of venues, supplies, equipment, printing, etc., as needed? Roles, responsibilities, and commitments of partners include: 1. Serving as the local point of contact to secure venue sites 2. Convening team meetings as needed to ensure local logistics are handled 3. Lead local promotions and encourage local/regional attendance 4. Securing volunteer assistance as needed 5. Providing local information for attendees such as maps and brochures 6. Preparing welcome packets 7. Recommending enthusiastic local speakers for keynote and select breakout sessions 8. Providing local information to attendees throughout the conference 9. Regularly communicate with your local UMN Extension CEC point of contact
“The Waseca team was really stoked working on the CEC conference. UMN Extension and other Steering Committee members were great to work with. Being a first-time event for all of us, some things had to be done on the fly – and everyone pitched in to make things work. Our retail shops had very good increases in business, and we had an opportunity to show off our town. Comments from the
conference are helping us make a better Downtown business community.” says Gary Sandholm,
Waseca’s economic development coordinator, host of the 2019 CEC Conference.
Key aspects of the conference:
The conference is a “noon to noon” conference, so many registrants will spend the night at a local hotel or B&B.
All general sessions are held in a large venue able to accommodate all participants - most likely 120+ people.
All breakout sessions are held in local venues (i.e., restaurants, retail stores, art galleries) with the opportunity to meet the business owner.
Networking and learning from each other is a key objective. The conference is designed for participants to have enough time between sessions to network and shop.
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Sessions are designed for participants to learn from each other, gain resources/information to take back to their communities and, as a community team, think differently about how to spur entrepreneurial growth. Conference content provides a holistic look at the entrepreneurial community. Sessions help a community create a sense of place where entrepreneurs want to live, as well as build a supportive entrepreneurial culture. More information, including basic community requirements for host communities, is available in the electronic application.
Deadline for consideration to host the 2022 CEC Conference is 5pm on Friday, February 25, 2022. Only proposals submitted by this deadline will be considered.
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EDA Agenda Item 6
MEETING DATE: December 21st, 2021
AGENDA ITEM: 6 – Village/Fire Hall sale proceeds
SUBMITTED BY: Nate Keller, Community Development Director
PREVIOUS BOARD ACTION: None BACKGROUND INFORMATION: When the Village/Fire hall was sold the money ($114,000) was deposited into EDA funds and specifically meant to be used for downtown priorities. Staff would like to entertain some discussion on possible uses for the funds. Some options could include:
$4,500 in sponsorship to sponsor the 2022 Connecting Entrepreneurs Conference. This could be a
combination of EDA funds and sale funds from Village/Fire hall (along with any potential
business contributions)
Grant money for Phase 1 and Phase 2 JR Mobile site ($2,500)
Costs to cover condemnation proceedings if needed
Parking study for downtown. Could get college involved to decrease cost and use Summerintern
in 2022 to conduct a lot of the research.
Money towards marketing of downtown (also capture the exciting transition of residential to
commercial that’s occurring)
Beautify efforts (paint utility boxes or poles, enhance crosswalks, permanent flower areas, add
benches, bike parking, garbage cans, swings)
Placemaking and art within the downtown (establish an art walk?)
Beautif alleyway
Put some funds towards existing Façade, demo, and revolving loan funds
Money towards potential TIF projects?
Small grant program. Ask businesses to submit ideas for beautifying their property. The winning
idea gets a X amount of money to put towards the project.
Cost tied to any legal fees for gathering rights of first refusal on key downtown redevelopment
properties
Money for pop-up activities that are geared towards events (putting green, chairs,) in
downtown
BUDGET/FISCAL IMPACT: Costs depend on what items are prioritized. Staff would bring back formal costs.
ATTACHMENTS: None
REQUESTED BOARD ACTION:
No motion needed just discussion at this time.
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DEVELOPMENT UPDATE – Dec. 2021
A sample of recent activities
Continued weekly check-ins with Trobec’s
Follow up with parties who submitted an RFP for Village/Fire Hall regarding space and
locations
Continued discussions with other parties looking for space in downtown
Multiple discussions/meetings with land owners who have recently listed properties for
sale
Discussion with multiple prospective partners on boutique hotel within downtown
Collaboration with developer on Ash St redevelopment activity
Monthly check-in with GSDC
Bad habit expansion! Dec. 20th Council agenda item (building material request)
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