HomeMy WebLinkAbout06_21_22_EDA packet
CITY OF ST. JOSEPH
www.cityofstjoseph.com
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 June 21st, 2022 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 May 17th, 2022
b. Financial Report –MAY 5. Façade grant request – Bo-Diddley’s
6. TIF Report Summary and TIF/Tax Abatement overview 7. CVB – T-Shirts and hat discussion 8. JR Mobile update 9. DEED Grant 10. 2023 Budgeting
11. Business/Development, EDA priorities 12. Board Member Announcements
13. Adjourn
Zoom Meeting Information
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EDA member Kevin Kluesner will be attending the meeting via zoom from the below location.
It is open to the public and a copy of the agenda will be posted at this location:
15570 Big Buck Drive
Menahga, MN 56464.
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May 17th, 2022 Page 1 of 2
Pursuant to due call and notice thereof, the St. Joseph Economic Development Authority met on Tuesday, May 17th, 2022 at 12:00 PM. Members Present: Board Members Kevin Kluesner, Rick Schultz, Joe Bye, Dale Wick, Larry Hosch Members Absent:
City Representatives Present: Community Development Director Nate Keller, City Administrator Therese Haffner, Finance Director Lori Bartlett Schultz called the St. Joseph Economic Development Authority meeting to order at 12:00 PM Public Comments None Agenda Approval: Wick made a motion to approve the agenda as presented; seconded by Bye and passed unanimously by those present.
Consent Agenda: Wick made a motion to approve the consent agenda as follows; seconded by Bye and passed unanimously by those present. a. Minutes - Approve the minutes of April 19th, 2022 b. Financial Report – MAR and APR Tax Abatement – Trobec’s
Haffner provided an outline of the requested Abatement. Haffner explained some new factors into the request that has increased the amount of Abatement requested including that Trobec’s will be paving the entire parking area. Bartlett also provided input regarding the specific city portion ($676,220). Questions were asked regarding: abatement specifics, purpose of abatement, timeline of project, and if the County has been contacted. Haffner will reach out to County staff. Motion by Wick to recommend approval of the Tax Abatement request; seconded by Kluesner and passed unanimously by those present. Mobile Food Vendor
Background was provided by Keller regarding a request staff have received. The request was to modify language in the code pertaining to maximum length of mobile food vendor vehicles. Current language
allows for vehicles up to twenty-five feet in length. The requestor owns a bus that has been converted to food and interior seating. Discussion was had around special events, and appropriateness of vehicle size and restrictions. Motion by Wick to not modify current code language pertaining to maximum vehicle length; seconded by Kluesner and passed unanimously by those present. JR Mobile update
Keller explained a demo permit has been applied for and issued to the new owner. Intent is to get the interior of the structure down to the studs. The rear lean-to which is collapsing will also be removed. Business/Development, EDA priorities Keller provided updates on: Distillery, Trobec’s, DEED Brownfields conference, LCCMR for East Park, Abatement discussion from April meeting, Storage Link Site plan on 8th Ave NE, Safe-Routes-To-School Plan for Kennedy, and boutique hotel discussions. Board Member Announcements None
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May 17th, 2022 Page 2 of 2
Adjourn: Bye made a motion to adjourn the meeting at 12:39 PM, seconded by Kluesner and passed unanimously by those present.
Nate Keller Community Development Director
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EDA Agenda Item 4b
________________________
MEETING DATE: June 21, 2022
AGENDA ITEM: May 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 May 31, 2022. The ending undesignated
balance shows a surplus of $44,423. The designated project balance is $23,623 for economic
development programs. The designation for capital programs includes the 2022 budget. The budget is
paid for with tax proceeds. Taxes are received in June, July and December. The EDA approved using
program funds with a match grant from the State to update the CVB website. The invoice was paid and
submitted to the State for reimbursement of their match.
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 $398,688 on
May 31st, including $377,054 reserved balance from the EDA fund to be used for future economic
development projects; $21,634 is available from the State’s RLF fund for future loan requests.
The Lodging Tax fund has a balance of $16,088 on May 31st. A summary of their activity is enclosed in
this report. The orange highlights are dependent upon the CVB collecting sponsorship fees. The
sponsorship fees were not moved forward for 2022, so the supported orange highlighted expenditures
are not funded. Hats and t-shirts are being sold at the MN Street Market. The Co-op remits sales
proceeds monthly. City staff is monitoring the sales and inventory monthly.
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 May financial reports.
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06/10/22 9:09 AM
EDA Balance Sheet
City of St. Joseph Page 1
Current Period: May 2022
FUND Descr Account Descr Begin Yr YTDDebit YTDCredit CurrentBalance
FUND 150 Economic Development
Economic Development G 150-10100 Cash $82,443.78 $10,671.42 $33,869.70 $59,245.50
Economic Development G 150-10450 Interest Receivable $347.24 $0.00 $347.24 $0.00
Economic Development G 150-10500 Accounts Receivable $265.00 $0.00 $265.00 $0.00
Economic Development G 150-10700 Taxes Receivable - Delinquen $597.94 $0.00 $597.94 $0.00
Economic Development G 150-13113 Due From other Gov t Units $6,406.42 $0.00 $6,406.42 $0.00
Economic Development G 150-15500 Due From Other Fund $8,800.00 $0.00 $0.00 $8,800.00
Economic Development G 150-20200 Accounts Payable -$6,337.11 $6,337.11 $0.00 $0.00
Economic Development G 150-20201 Salaries Payable -$718.83 $718.83 $0.00 $0.00
Economic Development G 150-22204 Deferred Inflow of Resources -$597.94 $597.94 $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 -$91,206.50 $40,888.36 $17,727.36 -$68,045.50
$0.00 $59,213.66 $59,213.66 $0.00FUND 150 Economic Development
FUND 153 TIF 4-1 Fortitude Senior Apts
TIF 4-1 Fortitude Senior G 153-10100 Cash $16,793.60 $0.00 $448.81 $16,344.79
TIF 4-1 Fortitude Senior G 153-10450 Interest Receivable $41.54 $0.00 $41.54 $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 $0.00 $0.00 $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 -$16,835.14 $490.35 $0.00 -$16,344.79
$0.00 $490.35 $490.35 $0.00FUND 153 TIF 4-1 Fortitude Senior Apts
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream G 157-10100 Cash $36,109.62 $0.00 $981.99 $35,127.63
TIF 2-1 Millstream G 157-10450 Interest Receivable $101.75 $0.00 $101.75 $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 $0.00 $0.00 $0.00 $0.00
TIF 2-1 Millstream G 157-20200 Accounts Payable $0.00 $0.00 $0.00 $0.00
TIF 2-1 Millstream G 157-25310 Unassigned Fund Balance -$36,211.37 $1,083.74 $0.00 -$35,127.63
$0.00 $1,083.74 $1,083.74 $0.00FUND 157 TIF 2-1 Millstream
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
TIF 2-3 Bayou Blues/All G 159-10100 Cash $341.99 $0.28 $1,031.00 -$688.73
TIF 2-3 Bayou Blues/All G 159-10450 Interest Receivable $12.21 $0.00 $12.21 $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 $0.00 $0.00 $0.00 $0.00
TIF 2-3 Bayou Blues/All G 159-20500 Due To Other Fund -$8,800.00 $0.00 $0.00 -$8,800.00
TIF 2-3 Bayou Blues/All G 159-25310 Unassigned Fund Balance $8,445.80 $1,043.21 $0.28 $9,488.73
$0.00 $1,043.49 $1,043.49 $0.00FUND 159 TIF 2-3 Bayou Blues/Alley Flat
FUND 220 Lodging Tax
Lodging Tax G 220-10100 Cash $20,513.02 $3,442.49 $7,867.25 $16,088.26
Lodging Tax G 220-10450 Interest Receivable $55.61 $0.00 $55.61 $0.00
Lodging Tax G 220-10500 Accounts Receivable $808.92 $0.00 $808.92 $0.00
Lodging Tax G 220-20200 Accounts Payable -$76.50 $76.50 $0.00 $0.00
Lodging Tax G 220-25310 Unassigned Fund Balance -$21,301.05 $8,731.78 $3,518.99 -$16,088.26
$0.00 $12,250.77 $12,250.77 $0.00FUND 220 Lodging Tax
FUND 225 DEED CDAP Grant
DEED CDAP Grant G 225-10100 Cash $43,061.59 $2,273.72 $1,189.17 $44,146.14
DEED CDAP Grant G 225-10450 Interest Receivable $131.60 $0.00 $131.60 $0.00
DEED CDAP Grant G 225-25310 Unassigned Fund Balance -$43,193.19 $1,320.77 $2,273.72 -$44,146.14
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FUND Descr Account Descr Begin Yr YTDDebit YTDCredit CurrentBalance
Page 2
06/10/22 9:09 AM
EDA Balance Sheet
City of St. Joseph
Current Period: May 2022
$0.00 $3,594.49 $3,594.49 $0.00FUND 225 DEED CDAP Grant
FUND 250 Revolving Loan Fund
Revolving Loan Fund G 250-10100 Cash $402,926.68 $5,721.97 $9,960.79 $398,687.86
Revolving Loan Fund G 250-10450 Interest Receivable $626.60 $0.00 $626.60 $0.00
Revolving Loan Fund G 250-11900 Notes Receivable $67,430.15 $0.00 $67,430.15 $0.00
Revolving Loan Fund G 250-11910 Note Interest Receivable $35.29 $0.00 $35.29 $0.00
Revolving Loan Fund G 250-20200 Accounts Payable $0.00 $0.00 $0.00 $0.00
Revolving Loan Fund G 250-22204 Deferred Inflow of Resources -$67,210.43 $67,210.43 $0.00 $0.00
Revolving Loan Fund G 250-24415 Design. Fd Bal - Operations -$377,053.91 $0.00 $0.00 -$377,053.91
Revolving Loan Fund G 250-25310 Unassigned Fund Balance -$26,754.38 $10,842.40 $5,721.97 -$21,633.95
$0.00 $83,774.80 $83,774.80 $0.00FUND 250 Revolving Loan Fund
$0.00 $161,451.30 $161,451.30 $0.00
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2022 Capital Expenditures
General Fund Capital Improvement Plan ‐ EDA
EDA Recommended: August 17, 2021
Adopted December 6, 2021
12/31/2021
Available through 5/31 through 5/31
Project Project Reserve Budget Grants/Aids Spent 2022
Department Account Code Number Equipment Balance 2022 2022 2022 Balance
EDA 150-46500-582 EDA-1401 Computer Software 2,806.74 500.00 3,306.74
EDA 150-46500-588 EDA-1402 Business Development 524.00 25,000.00 5,208.20 20,315.80
RLF 250-46500-588 EDA-1402 Business Development 377,053.91 ‐ 377,053.91
377,577.91 25,000.00 ‐ 5,208.20 397,369.71
TOTAL EDA CIP 380,384.65 25,500.00 ‐ 5,208.20 400,676.45
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06/10/22 9:10 AM
EDA Expenditure Report
City of St. Joseph Page 1
Current Period: May 2022
Account Descr 2022YTD Budget May2022 Amt 2022YTD Amt
FUND 150 Economic Development
E 150-46500-101 Salaries $32,985.00 $2,526.06 $11,992.58
E 150-46500-103 Legislative Bodies $1,050.00 $0.00 $245.00
E 150-46500-121 PERA Contributions $2,475.00 $189.46 $899.47
E 150-46500-122 FICA Contributions $2,000.00 $155.10 $736.95
E 150-46500-123 Deferred Comp-Employer $455.00 $17.50 $87.50
E 150-46500-125 Medicare Contributions $465.00 $36.28 $172.37
E 150-46500-130 H S A- Employer Contribution $790.00 $0.00 $393.75
E 150-46500-131 Health Insurance $5,670.00 $416.06 $2,080.30
E 150-46500-132 Dental Insurance $445.00 $27.78 $138.90
E 150-46500-133 Life Insurance $30.00 $2.33 $11.65
E 150-46500-134 Disabilty Insurance $280.00 $22.30 $111.50
E 150-46500-151 Workers Comp. Insur. Prem. $190.00 $0.00 $0.00
E 150-46500-171 Clothing Allowance $0.00 $0.00 -$11.00
E 150-46500-200 Office Supplies $300.00 $0.00 $68.91
E 150-46500-215 Software Support $1,455.00 $0.00 $1,307.49
E 150-46500-300 Professional Services $1,000.00 $0.00 $0.00
E 150-46500-303 Engineering Fee $1,000.00 $0.00 $0.00
E 150-46500-304 Legal Fees $1,000.00 $0.00 $0.00
E 150-46500-308 Community Programs $0.00 $0.00 $0.00
E 150-46500-321 Telephone $1,720.00 $115.25 $573.40
E 150-46500-322 Postage $100.00 $0.00 $0.00
E 150-46500-328 Marketing $1,000.00 $0.00 $500.00
E 150-46500-331 Travel & Conference Expense $1,400.00 $229.70 $444.70
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 $0.00
E 150-46500-582 Computer Software $500.00 $0.00 $0.00
E 150-46500-588 EDA Programs $25,000.00 $2,000.00 $4,151.20
E 150-46500-622 TIF/Abatement Payments $35,000.00 $0.00 $0.00
E 150-49300-720 Transfers to Other Funds $4,000.00 $0.00 $0.00
$125,605.00 $5,737.82 $23,904.67FUND 150 Economic Development
FUND 153 TIF 4-1 Fortitude Senior Apts
E 153-46500-300 Professional Services $1,000.00 $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
$1,055.00 $0.00 $0.00FUND 153 TIF 4-1 Fortitude Senior Apts
FUND 157 TIF 2-1 Millstream
E 157-46500-300 Professional Services $1,000.00 $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
$1,055.00 $0.00 $0.00FUND 157 TIF 2-1 Millstream
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
E 159-46500-300 Professional Services $1,000.00 $0.00 $1,000.00
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Account Descr 2022YTD Budget May2022 Amt 2022YTD Amt
Page 2
06/10/22 9:10 AM
EDA Expenditure Report
City of St. Joseph
Current Period: May 2022
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
$1,055.00 $0.00 $1,000.00FUND 159 TIF 2-3 Bayou Blues/Alley Flat
FUND 220 Lodging Tax
E 220-46500-300 Professional Services $9,000.00 $0.00 $3,750.00
E 220-46500-309 Visitors Bureau $9,745.00 $0.00 $1,054.00
E 220-46500-328 Marketing $3,500.00 $0.00 $2,466.17
E 220-46500-331 Travel & Conference Expense $0.00 $0.00 $0.00
E 220-46500-340 Advertising $1,555.00 $0.00 $0.00
$23,800.00 $0.00 $7,270.17FUND 220 Lodging Tax
FUND 225 DEED CDAP Grant
E 225-46500-300 Professional Services $0.00 $0.00 $0.00
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 $0.00 $0.00FUND 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
$152,570.00 $5,737.82 $32,174.84
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St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
May 2022
Fund 150, EDA Balance as of December 31, 2021 (Audited)91,206.50
Year to Date Revenue:Budget YTD Actual
Interest Earnings 1,020 (3,256.33)
TIF/MIF Deposit/Fee - 4,000.00
DEED Housing Federal Grant Proceeds - -
Abatement Reimbursement (School District)9,385 -
Ad Valorem Taxes 119,905 -
Total Revenue 130,310 743.67
Year to Date Expenditures by Object:
Board Stipends 1,050 (245.00)
Staff Salaries/Training 51,390 (17,058.67)
Workers Comp Premium 190 -
Software Support/Office Supplies 1,755 (1,376.40)
Professional Services 1,000 -
Legal/Engineering Fees 2,000 -
Telephone 1,720 (573.40)
Greater St. Cloud Development Investment 5,000 -
Advertising - -
Marketing 1,000 (500.00)
Abatement Payments (Country Manor)35,000 -
CM Housing Grant Reimbursement - -
Computers 500 -
EDA Programs 25,000 (4,151.20)
Transfer to Other Funds - -
Total Expenses 125,605 (23,904.67)
Fund Summaries as of May 31, 2022:
EDA Fund Balance - Fund 150 - unaudited, cash balance 68,045.50
Designated for Capital Programs 23,622.54
Undesignated 44,422.96
TIF 4-1 Fortitude Senior Apts Fund Balance - Fund 153 16,344.79
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157 35,127.63
TIF 2-3 Bayou Blues & Alley Flats Fund Balance - Fund 159 (9,488.73)
Lodging Tax Fund Balance - Fund 220 16,088.26
DEED CDAP Grant Fund Balance - Fund 225 44,146.14
Revolving Loan Fund Balance - Fund 250 398,687.86
Designated for Revolving Loan Program 21,633.95
Designated for Economic Development 377,053.91
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06/10/22 9:10 AM
EDA Revenue Report
City of St. Joseph Page 1
Current Period: May 2022
Account Descr SOURC 2022YTD Budget May2022 Amt 2022YTD Amt
FUND 150 Economic Development
R 150-46500-31010 Current Ad Valorem Taxes 31010 $115,220.00 $0.00 $0.00
R 150-46500-33160 Federal Grants - Other 33160 $0.00 $0.00 $0.00
R 150-46500-33430 Other Grants/Aids 33430 $0.00 $0.00 $0.00
R 150-46500-34150 TIF/Abatement Deposit 34150 $0.00 $0.00 $2,500.00
R 150-46500-34155 TIF/Abatement Fee 34155 $0.00 $0.00 $1,500.00
R 150-46500-34160 Tax Abatement Reimbursement 34160 $9,385.00 $0.00 $0.00
R 150-46500-36210 Interest Earnings 36210 $1,000.00 -$29.65 -$3,256.33
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
$125,605.00 -$29.65 $743.67FUND 150 Economic Development
FUND 153 TIF 4-1 Fortitude Senior Apts
R 153-46500-31050 Tax Increment 31050 $0.00 $0.00 $0.00
R 153-46500-34150 TIF/Abatement Deposit 34150 $0.00 $0.00 $0.00
R 153-46500-36210 Interest Earnings 36210 $100.00 -$7.05 -$490.35
R 153-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$100.00 -$7.05 -$490.35FUND 153 TIF 4-1 Fortitude Senior Apts
FUND 157 TIF 2-1 Millstream
R 157-46500-31050 Tax Increment 31050 $0.00 $0.00 $0.00
R 157-46500-36210 Interest Earnings 36210 $250.00 -$15.14 -$1,083.74
$250.00 -$15.14 -$1,083.74FUND 157 TIF 2-1 Millstream
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
R 159-46500-31050 Tax Increment 31050 $0.00 $0.00 $0.00
R 159-46500-36210 Interest Earnings 36210 $100.00 $0.15 -$42.93
R 159-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$100.00 $0.15 -$42.93FUND 159 TIF 2-3 Bayou Blues/Alley Flat
FUND 220 Lodging Tax
R 220-46500-31600 Lodging Tax 31600 $14,000.00 $120.51 $2,408.57
R 220-46500-33400 State Grants and Aids 33400 $0.00 $0.00 $0.00
R 220-46500-34406 Sponsorship Fee 34406 $4,000.00 $0.00 $0.00
R 220-46500-34409 Marketing 34409 $1,500.00 $93.75 $225.00
R 220-46500-36210 Interest Earnings 36210 $300.00 -$6.88 -$576.19
R 220-46500-36230 Contributions - General 36230 $0.00 $0.00 $0.00
R 220-49302-39201 Transfers from Other Funds 39201 $4,000.00 $0.00 $0.00
$23,800.00 $207.38 $2,057.38FUND 220 Lodging Tax
FUND 225 DEED CDAP Grant
R 225-46500-34200 DEED Housing Reimbursement 34200 $0.00 $0.00 $2,273.72
R 225-46500-36210 Interest Earnings 36210 $300.00 -$18.70 -$1,320.77
R 225-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$300.00 -$18.70 $952.95FUND 225 DEED CDAP Grant
FUND 250 Revolving Loan Fund
R 250-46500-36210 Interest Earnings 36210 $1,500.00 -$170.95 -$10,587.39
R 250-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
R 250-46500-39320 Loan Principal 39320 $12,665.00 $764.68 $4,740.52
R 250-46500-39321 Loan Interest 39321 $1,720.00 $108.71 $726.44
R 250-46500-39322 Loan Origination Fee 39322 $0.00 $0.00 $0.00
$15,885.00 $702.44 -$5,120.43FUND 250 Revolving Loan Fund
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Account Descr SOURC 2022YTD Budget May2022 Amt 2022YTD Amt
Page 2
06/10/22 9:10 AM
EDA Revenue Report
City of St. Joseph
Current Period: May 2022
$166,040.00 $839.43 -$2,983.45
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CVB 2022 Financial Summary
As of May 31, 2022
Beginning Fund Balance 1‐1‐22 (audited)21,301.05$
Budget YTD Rev
Customer 2022 2022
Interest Earnings 300.00$ (576.19)$
T‐shirt/Hats/Merchandise Sales 1,500.00 225.00
Sponsorship dues 4,000.00
EDA Transfer ‐ Sponsorship Match 4,000.00
Rodeway Inn Lodging Tax 10,000.00 1,891.76
CSB Lodging Tax 3,300.00 ‐
Estates B&B Lodging Tax 700.00 516.81
23,800.00$ 2,057.38$
Budget YTD Exp
Vendor 2022 2022
Professional Services ‐ Manage Social Media (Bruno Press)9,000.00$ 3,750.00$
Visitor's Bureau ‐ Rubinski Works ‐ Videos 2,100.00 ‐
Visitor's Bureau ‐ Rubinski Works ‐ Videos 300.00
Visitor's Bureau ‐ Website/Joetownmn.com Hosting 1,745.00 529.00
Visitor's Bureau ‐ Shop Small/Winterwalk Postcards 500.00
Visitor's Bureau ‐ Photos 10.00
Visitors Bureau ‐ Photo Contest Prizes 190.00 190.00
Visitor's Bureau ‐ Bike Racks 1,000.00
Visitor's Bureau ‐ Wobegon Trailhead Maps/Signage**2,900.00
Marketing ‐ Additional with Sponsorship Fees 2,000.00
Marketing ‐ SHRPA ‐
Marketing ‐ Feel The Love Campaign 1,000.00 1,000.00
Marketing ‐ Merchandise Sales (Krillan/Rambow)1,500.00 346.17
Advertise ‐ Think Tourism USA 775.00 775.00
Advertise ‐ MN Trails Magazine 580.00 680.00
Advertise ‐ Newcomer Service Magazine 200.00
23,800.00$ 7,270.17$
Ending Cash Balance 5‐31‐22 16,088.26$
** Propose trailhead sign to be paid for with fund 390 ‐ balance from City welcome signs project
EDA Fund 150 Budget:
2022 Website Update 3,151.20$
2022 Explore MN Grant ‐$
3,151.20$
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EDA Agenda Item 6
MEETING DATE: June 21, 2022
AGENDA ITEM: 2021 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, 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
reporting forms are due to the State Auditor by August 1st of the following year and a summary must be
published by August 15th of the following year. In addition, the summary reports will be mailed to the
School District and Stearns County for their records. For 2021, the reports include five reports for the
following TIF projects:
TIF 1-4 St. Joseph Development, LLC (final report, forgivable loan expired Sept. 2021)
TIF 2-1 Millstream Shops and Lofts
TIF 2-2 St. Joseph Meat Market (final report, decertified in 2021
TIF 2-3 Bayou Blues and Alley Flats
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 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: Summary TIF Publication
REQUESTED BOARD ACTION: Review 2021 TIF reports.
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TIF 1-4 TIF 2-1 TIF 2-2 TIF 2-3 TIF 4-1
St. Joe
Development
LLC
Millstream
Project
St. Joseph Meat
Market Bayou Blues
Fortitude Senior
Housing
Current Net Tax Capacity $0 $43,416 $11,266 $28,696 $52,406
Original Net Tax Capacity $0 $4,790 $7,626 $1,228 $958
Captured Net Tax Capacity $0 $38,626 $3,640 $27,468 $51,448
Principal and Interest Payments $0 $37,013 $0 $32,165 $61,764
Due in 2022
Tax Increment Received in 2021 $0 $41,180 $4,582 $35,745 $68,650
Tax increment Expended in 2021 $0 $38,042 $4,909 $35,052 $62,931
Month / Year First Tax Incr. Receipt May 2004 July 2009 July 2013 July 2017 June 2018
Date of Required Decertification 12/31/12 12/31/34 12/31/21 12/31/42 12/31/43
Publish: St. Joseph Newsleader, June 24. 2022
PUBLIC NOTICE
CITY OF SAINT JOSEPH, MINNESOTA
ANNUAL DISCLOSURE OF TAX INCREMENT DISTRICTS FOR THE
YEAR ENDED DECEMBER 31, 2021
(Minnesota Statutes, Section 469.175(5)
320-363-7201
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
St Joseph TIF Publication FYE2021
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EDA Agenda Items 5, 7-11
MEETING DATE: June 21st, 2022
AGENDA ITEM:
5.Façade grant request – Bo-Diddley’s7.CVB – T-Shirts and hat discussion8. JR Mobile
9.DEED Grant10. 2023 Budgeting11. Business/Development, EDA Priorities
PREVIOUS BOARD ACTION: 5-none7-8 – verbal updates provided past several months9 - none10 – none
11 – verbal updates provided at every meeting
BACKGROUND INFORMATION:
5 – Façade grant request – Bo-Diddley’s The owner of Bo-Diddley’s (Lee Weisbrich) has submitted a Façade grant request. The request is for proposed patio and landscape work. Our Façade grant does allow patio and exterior landscaping to be eligible. A permit has been issued however for the patio/landscaping work. Typically work that is in progress or performed prior to project approval is not eligible unless EDA finds significant underlying purposes for work beginning prior to approval. Staff has discussed this with the applicant and the work pertaining to the patio, landscaping, and fencing although approved has not started. The request is for the maxium amount of $2,000
The Façade grant guidelines allow for: exterior building, landscape improvements, and other similar improvements visible from a public right-of-way.
7 – CVB – T-Shirts and hat discussion 1st discussion item - CVB ran a photo contest back in January. During the contest a guest judge was
selected by CVB Director Mary Bruno to help choose the winning photos. As part of the time the judge spent going through the photos a t-shirt and hat was provided to the judge. This expense was not budgeted for therefore EDA needs to approve the expense and allocation.
2nd discussion item - When the CVB first started 5-10 hats/t-shirts were given away initially to help promote the brand and bring awareness. There were also opportunities after the first year for continued merchandise promotions as all the JoeTown hats/t-shirts were kept in various locations throughout town
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and emphasis was placed on brand promotion. This practice was discontinued when all merchandise was moved to one central location (MN St Market). The purpose behind keeping the merchandise in one
location was to better track and inventory the apparel.
The ask to the EDA is – can the CVB reinstitute giving away a set number of t-shirts and hats throughout the year to help aid in promotion and brand awareness? Various things come up throughout the year which may provide good opportunities to give the apparel away. Photo contests, conferences, etc. CVB Director Mary Bruno will attend the meeting and also provide more insight.
8 – JR Mobile Owner has applied for and been issued a permit for interior remodel work. No work has started on-site however. Staff has been working with legal on a correction and compliance letter related to the various safety and structural concerns on-site. More updates will be provided at meeting. Including discussion on
item number 9.
9 – DEED grant
Attached is grant information for a DEED redevelopment grant. Staff would like discussion on this. Grants are due in August 1st and Feb. 1st. Grant can go towards public acquisition, demolition, and other environmental abatement. One site that comes to mind for this is the JR Mobile site given the difficulty
and delays that have occured.
10 – 2023 Budgeting Staff is just beginning to formulate and brainstorm ideas for 2023. Present priorities like: Boutique hotel, and redevelopment of downtown area will still be focus areas for 2023. Other opportunities like grants will be explored to help facilitate these goals. In 2022 the EDA increased the amount of match provided in the Business Façade grant from $1,000 to $2,000 and demolition grant from $2,500 to $3,500. Staff would suggest keeping those amounts the same for 2023. We have gotten increased applicants for these programs so it appears the increases have been worthwhile.
The CVB will also have discussion at their July meeting regarding goals for 2023 and will review the goals outlined in the Strategic Plan. CVB budget items will be brought forth in coming months.
11 – Business/Development, EDA Priorities
Staff will provide verbal updates.
BUDGET/FISCAL IMPACT: Item 5 would be $2,000
Item 7 TBD Item 9 and 10 will warrant more discussions ATTACHMENTS: 1. Façade Grant application – Bo-Diddlyes 2. Façade Grant guidelines3.DEED grant guidelines (redevelopment grant)
REQUESTED BOARD ACTION: 5 – Motion needed on grant request 7 – direction and discussion on both items 8 – none 9 – discussion
10 – discussion 11 - none
17
18
Request is only for the outdoor patio,
landscaping, and decorative fencing at this
time
- NK
19
20
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ST. JOSEPH BUSINESS DISTRICT FAÇADE ARCHITECTURAL DESIGN GRANT PROGRAM (As Amended January 1st, 2022)
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 $2,000 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 visibleimprovement.
2.All work done must be in accordance with the City of St. Joseph Code of Ordinances, the DowntownRevitalization 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 unlessthe 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 actualconstruction costs related to an approved improvement. Other uses may also be eligible if priorapproval 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. Signare 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 rehabilitationprojects remain eligible) unless it results in a project beyond typical construction and is consistent
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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 proposedimprovements 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/improvementsmay 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 writtenconsent 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 yearwith a maximum extension of an additional six months). As indicated, dollars are limited andreimbursement will be made after project improvements are completed, and reimbursementrequested.
7.Grant DisbursementAwarded loan funds will be dispersed to the applicant upon submittal of receipts or invoices forsupplies purchased and inspection which certifies the work completed is in accordance with the EDAapproval 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 Cityor 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 ofSt. Joseph/EDA administers the grant program herein and the City/EDA is not responsible for anywork undertaken as a result of the grant. The owner hereby holds the City and EDA harmless for anyand all liability commencing out of any work constructed and paid for the design grant herein.
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FY 23
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MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT
First National Bank Building
332 Minnesota Street, Suite E200
St. Paul, Minnesota 55101
Brownfields and Redevelopment Unit
651-259-7451
1-800-657-3858
REDEVELOPMENT GRANT APPLICATION
INTRODUCTION
PURPOSE/BACKGROUND:
Because there is often no incentive for the private sector to redevelop old industrial,
residential, or commercial property when undeveloped parcels of land are available, public
sector investment is required to induce private development of these difficult sites.
Therefore, the Redevelopment Grant Program was established by the 1998 legislature to
assist with complex and costly redevelopment projects that might not otherwise occur
without public financial assistance.
Pursuant to Minnesota Statutes §§ 116J.571 - 116J.575, the Minnesota Department of
Employment and Economic Development (DEED) has the authority to award grants to assist
development authorities with eligible redevelopment costs as defined below. The
Redevelopment Grant Program applies only to sites where there was a previous development
and significant barriers exist to redevelop the land for a more productive use.
FUNDING AVAILABILITY:
Available funding amounts vary, depending on Legislative appropriation. According to
Legislative requirement, if enough eligible applications are received, at least 50 percent of the
grant money will be awarded to projects outside of the seven-county metropolitan area and
the other half will be awarded to projects within the seven-county metropolitan area.
DEADLINES/REQUIREMENTS:
The Redevelopment Grant Program operates on a semi-annual grant cycle. Deadlines for
submitting applications are February 1 and August 1 by 4:00 p.m. each year when funding is
available. Three complete sets of application documents are required for each project: 2 on
paper and 1 on a flash drive. An applicant may apply for more than one project, but a
separate application must be completed for each site.
NOTE: Emailed applications will not be accepted. Please fill out the entire application. All
applications must be complete upon submission to qualify for a grant. This includes the
fully signed required resolutions. Applications should be in a binder or bound with
attachments clearly marked and tabbed.
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FY 23
iii
ELIGIBLE SITES:
Redevelopment projects where there was previous development and the need to recycle the
land for a more productive use exists. Sites are only eligible where there is a change from
one developed use to another. The redevelopment challenges should be connected to the
site’s past use. Priority is given to projects with unique challenges that would not be found at
an undeveloped site.
ELIGIBLE APPLICANTS:
Eligible applicants for this program are statutory or home rule charter cities, economic
development authorities, housing and redevelopment authorities, counties, or port
authorities.
ELIGIBLE PROGRAM COSTS:
The Redevelopment Grant Program can pay up to 50 percent of the redevelopment costs for
a qualifying site. “Redevelopment costs” or “costs” mean the costs of land acquisition,
stabilizing unstable soils when infill is required, infrastructure improvements and ponding or
other environmental infrastructure, demolition costs and costs necessary for adaptive re-use
of buildings, including remedial activities. For purposes of this program adaptive reuse means
interior environmental abatement and does not include building rehabilitation or
construction. Costs incurred before the grant agreement is fully executed are not eligible for
reimbursement.
Some examples of eligible and ineligible costs are below.
Eligible Costs
• Public acquisition*
• Demolition costs (as defined by Minn. Stat. § 116J.572)
• Interior Environmental Abatement
• Public Infrastructure Improvements** (e.g., water and sewer, standard sidewalks,
standard exterior public lights, roads, etc.)
• Environmental Infrastructure (e.g., ponding, stormwater, etc.)
• Geotechnical Soil Correction
*Although the statute recognizes acquisition as an eligible expense, DEED will only consider public
acquisition, and these costs are only eligible as matching costs.
**Although these costs are eligible, they should not be the sole costs of the grant request.
Ineligible Costs
• Construction
• Building Rehabilitation (including interior demolition)
• Environmental Remediation (soil and groundwater)
• Administration
• Streetscaping/Landscaping
• Soft Costs (e.g., performance bonds, insurance, etc.)
• Contingencies
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FY 23
iv
LOCAL MATCH REQUIREMENT:
It is required that the applicant pay for at least 50% of the eligible redevelopment costs as a
local match to obtain a redevelopment grant. The match can come from any source available
to the applicant.
Eligible redevelopment costs incurred up to 12 months prior to the application due date may
be included as local match but cannot be reimbursed. See “Eligible Program Costs” above.
Prior costs should be identified in the Cost Analysis budget section of the application.
The applicant must complete and approve the attached resolution authorizing this application
and committing the local match from the applicant (see Page 13).
REQUIRED APPRAISALS OR ASSESSMENTS:
Current (as-is) and projected (pre-construction) assessed values as determined by the local
assessor are required. In lieu of the assessed value, appraisals done by an independent
appraiser using accepted appraisal methodology, may be submitted.
A current market value must be provided even for tax exempt properties without an assessed
value. Values cannot be determined in any other manner. The value of the property after the
proposed development is completed is also required. This estimate is generally based on
similar development projects in the city.
AWARDING GRANTS:
DEED will award grants to projects that provide the highest return in public benefits for the
public costs incurred and meet all the statutory requirements. To evaluate the applications
for public benefits with respect to the costs incurred, the law specifies priorities that DEED
must consider.
To fulfill this requirement of reviewing applications in an objective and fair manner, the
following criteria have been assigned maximum point values to systematically award grants.
All assigned scores will be relative to scores awarded to other applications during the same
grant round. Please note, an application must receive a minimum of 50 points to be eligible
for funding.
1. Need for redevelopment in conjunction with contamination remediation needs.
Maximum = 15 points.
2. Redevelopment project meets current tax increment financing requirements for a
redevelopment district and tax increments will contribute to the project. Maximum =
25 points.
3. Redevelopment potential within the municipality. Maximum = 90 points.
4. Proximity to public transit if located in the metropolitan area. Maximum = 5 points.
5. Multi-jurisdictional projects that consider the need for affordable housing,
transportation, and environmental impact. Maximum = 15 points.
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