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HomeMy WebLinkAbout03_19_24_EDA packet (2) CITY OF ST. JOSEPH St. Joseph Economic Development Authority Tuesday, March 19th, 2024 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 – Feb 20th b.Financial Report – February 5.Façade Grant Request – Hudson Properties 13 MN ST W 6.Façade Grant Request – College and Minnesota 33 1st Ave NW 7.Façade Grant Request – College and Minnesota 106 2nd Ave NW 8.General Business updates 9.Board Member Announcements 10.Adjourn Zoom Meeting Information Join Zoom Meeting https://us06web.zoom.us/j/82698897944?pwd=b1RaeE5IenZ0L0Z0ejF4UWhvWUVidz09 Meeting ID: 826 9889 7944 Passcode: 725385 1 Feb. 20th 2024 Page 1 of 1 Pursuant to due call and notice thereof, the St. Joseph Economic Development Authority met on Tuesday, Feb. 20th, 2024 at 12:00 PM. Members Present: Board Members Rick Schultz, Joe Bye, Larry Hosch, Kevin Kluesner, Dale Wick Members Absent: None City Representatives Present: Nate Keller, Community Development Director Wick called the St. Joseph Economic Development Authority meeting to order at 12:02 PM Public Comments None Agenda Approval: Bye 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 - None b. Financial Report – As of January 2024 Chair and Vice Chair and Oath of Office Chari and Vice Chair nominations occurred at the Jan. meeting (Schultz Chair and Wick Vice Chair). Schultz read the Oath of Office which was recited by Bye and Hosch. 2024 Priorities The Board agreed the priorities are the same as 2023 with the added addition of Commercial Development on the Northside of Highway 75. Those being: • Downtown redevelopment • Industrial Park • Boutique hotel • Northside Commercial development (Obbink, Ehlert, Feedmill, etc.) 2024 BR&E Plan Keller highlighted list of intended BR&E visits for 2024. Keller also completes many pop-up or emergency visits throughout the year that are not reflected on the chart. GSDC also is intending to complete BR&E visits in St. Joe. Highway Business Façade Grant Keller presented the Façade grant and provided brief answers to questions. Kluesner made a motion to approve the Highway 75 Commercial Façade Grant; seconded by Bye and passed unanimously by those present. MIF and DEED Programs Information was provided on some DEED programs to the Board by Keller. Questions were asked regarding incentives specifically the consideration of waiver to SAC/WAC, permitting fees. General Business/Development update Updates were provided on the Synergy Site, Feedmill, Industrial Park, Housing Developments, business retention, and more. Tracker was also provided in packets with updates in green. Adjourn: Kluesner made a motion to adjourn the meeting at 12:18 PM, seconded by Kluesner and passed unanimously by those present. Minutes by: Nate Keller Community Development Director 2 EDA Agenda Item 4b ________________________ MEETING DATE: March 19, 2024 AGENDA ITEM: February 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 February 29, 2024. Some data might be for 2023 activity. The 2023 activity will be reversed upon completion of the audit later this spring. The other funds reported include the TIF funds, Lodging Tax, DEED CDAP Housing 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 BUDGET/FISCAL IMPACT: For Information Only ATTACHMENTS: Financial Summaries – EDA Funds REQUESTED BOARD ACTION: Consider acceptance of the February 2024 financial reports. 3 CVB 2024 Financial Summary As of January 31, 2024 Beginning Fund Balance 1‐1‐24 (Unaudited)24,259.92$               Budget YTD Rev Customer 2024 2024 Interest Earnings 150.00$                         83.01$                       T‐shirt/Hats/Merchandise Sales 1,000.00                        225.00                       Grants ‐                                  ‐                             Rodeway Inn Lodging Tax 10,500.00                      ‐                             CSB Lodging Tax 4,100.00                        ‐                             Estates B&B Lodging Tax 1,100.00                        127.11                       16,850.00$                    435.12$                     Budget YTD Exp Vendor 2024 2024 Professional Services ‐ Manage Social Media (Bruno Press)9,000.00$                      1,500.00$                 Travel & Conference Expenses ‐$                                ‐                             IT Services ‐ Website/Social Media/QR Code Reader 740.00                            ‐                             Visitor's Bureau ‐ Rubinski Works ‐ Videos ‐                                  ‐                             Visitor's Bureau ‐ Photos ‐                                  ‐                             Community Programs ‐ Shop Small/Winterwalk/Feb/June 1,200.00                        ‐                             Visitors Bureau Prizes ‐ Swag Give‐Aways/Prizes 200.00                            ‐                             Marketing ‐ SHRPA 2,845.00                        ‐                             Marketing ‐ Campaigns 1,000.00                        ‐                             Visitor's Bureau ‐ Merchandise (Krillan/Rambow)1,000.00                        ‐                             Advertise ‐ Think Tourism USA 775.00                            825.00                       Advertise ‐ MN Trails Magazine 780.00                            598.50                       Advertise ‐ Newcomer Service Magazine 200.00                            ‐                             17,740.00$                    2,923.50                    Ending Cash Balance 2‐29‐24 (Unaudited)21,771.54$               4 St. Joseph Economic Development Authority Summary Treasurer's Report - Fund 250 February 29, 2024 Fund 250, EDA Balance as of December 31, 2023 (unaudited)70,840.31 Year to Date Revenue:Budget YTD Actual Interest Earnings 500 788.63 TIF/MIF Deposit - - State of Minnesota Grant - - Abatement Reimbursement (School District)9,385 4,691.00 Ad Valorem Taxes 120,800 802.71 Total Revenue 130,685 6,282.34 Year to Date Expenditures by Object: Board Stipends 1,050 - Staff Salaries/Training 57,745 (10,548) Software Support/Office Supplies/Postage 1,610 (604) Professional Services 1,000 - Telephone 1,435 (221.18) Greater St. Cloud Development Investment 5,000 - Dues and Memberships (Other)295 (667.00) Advertising 150 - Abatement Payments (Country Manor)36,400 - Marketing 500 - Computers 500 - EDA Programs 30,000 - Transfer to Other Funds - - Total Expenses 135,685 (12,041.03) Fund Summaries as of February 29, 2024: EDA Fund Balance - Fund 250 - unaudited, cash balance 65,081.62 Designated for Capital Programs 69,446.96 Undesignated (4,365.34) TIF 4-1 Fortitude Senior Apts Fund Balance - Fund 253 29,784.79 TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 257 43,392.63 TIF 2-3 Bayou Blues & Alley Flats Fund Balance - Fund 259 3,138.15 Lodging Tax Fund Balance - Fund 220 21,850.42 DEED CDAP Housing Grant Fund Balance - Fund 225 56,313.13 Revolving Loan Fund Balance - Fund 251 492,403.08 Designated for Revolving Loan Program 65,349.17 Designated for Economic Development 427,053.91 5 2024 Capital Expenditures General Fund Capital Improvement Plan ‐ EDA Final adopted December 4, 2023 12/31/2023 Available through 2/29 through 2/29 Project Project Reserve Budget Grants/Aids Spent 2024 Department Account Code Number Equipment Balance 2024 2024 2024 Balance EDA 250-46500-582 EDA-1401 Computer Software 4,306.74                     ‐                               4,306.74           EDA 250-46500-588 EDA-1402 Business Development 40,140.22                   25,000.00                   65,140.22         RLF 251-46500-588 EDA-1402 Business Development 427,053.91                 ‐                               427,053.91      467,194.13                 25,000.00                   ‐                      ‐                    492,194.13      TOTAL EDA CIP 471,500.87                    25,000.00                      ‐                        ‐                      496,500.87         6 CITY OF ST JOSEPH Budget Worksheet - budget to actual Page: 1 Period: 02/24 Mar 12, 2024 01:11PM Report Criteria: Print amounts with actual sign Include FUNDs: 220-259 Print FUND Titles Total by FUND Print DEPARTMENT Titles Total by DEPARTMENT Print DEPARTMENT Titles Total by DEPARTMENT All Segments Tested for Total Breaks Account Number Account Title Allows Budget Normal Balance 2024-24 2024-24 Current year Current year Actual Budget CVB ECONOMIC DEVELOPMENT AUTHORITY 22046500208 Visitors Bureau Prizes Yes Debit .00 200.00 22046500209 Visitors Bureau Merchandise Yes Debit .00 1,000.00 22046500300 Professional Services Yes Debit 2,250.00 9,000.00 22046500308 Community Programs Yes Debit .00 1,200.00 22046500309 Visitors Bureau Photos/Videos Yes Debit .00 .00 22046500310 IT Services Yes Debit .00 740.00 2204650031600 Lodging Tax Yes Debit 235.41- 15,700.00- 22046500328 Marketing Yes Debit .00 3,845.00 22046500331 Travel & Conference Expense Yes Debit .00 .00 2204650033400 State Grants and Aids Yes Debit .00 .00 22046500340 Advertising Yes Debit 1,423.50 1,755.00 2204650034406 Sponsorship Fee Yes Debit .00 .00 2204650034409 Marketing Yes Debit 225.00- 1,000.00- 2204650036210 Interest Earnings Yes Credit 113.49- 150.00- 2204650036230 Contributions - CVB Yes Debit .00 .00 Total ECONOMIC DEVELOPMENT AUTHORITY: 3,099.60 890.00 OTHER FINANCING SOURCES 2204930239201 Transfers from Other Funds Yes Debit .00 .00 Total OTHER FINANCING SOURCES: .00 .00 Total CVB: 3,099.60 890.00 DEED CDAP HOUSING GRANTS ECONOMIC DEVELOPMENT AUTHORITY 22546500300 Professional Services Yes Debit .00 .00 22546500340 Advertising Yes Debit .00 .00 2254650034200 DEED Housing Reimbursement Yes Debit .00 .00 2254650036210 Interest Earnings Yes Credit 237.99- 500.00- 22546500431 Annexation/Recording Fee Yes Debit .00 .00 Total ECONOMIC DEVELOPMENT AUTHORITY: 237.99- 500.00- 7 CITY OF ST JOSEPH Budget Worksheet - budget to actual Page: 2 Period: 02/24 Mar 12, 2024 01:11PM Account Number Account Title Allows Budget Normal Balance 2024-24 2024-24 Current year Current year Actual Budget OTHER FINANCING SOURCES 2254930239201 Transfers from Other Funds Yes Debit .00 .00 Total OTHER FINANCING SOURCES: .00 .00 Total DEED CDAP HOUSING GRANTS: 237.99- 500.00- EDA ECONOMIC DEVELOPMENT AUTHORITY 25046500101 EDA Salaries Yes Debit 7,601.54 40,510.00 25046500103 EDA Legislative Bodies Yes Debit .00 1,200.00 25046500121 PERA Contributions Yes Debit 570.09 3,040.00 25046500122 FICA Contributions Yes Debit 565.51 2,350.00 25046500123 Deferred Comp-Employer Yes Debit 43.75 455.00 25046500125 Medicare Contributions Yes Debit .00 550.00 25046500130 H S A- Employer Contribution Yes Debit 411.25 825.00 25046500131 Health Insurance Yes Debit 1,161.25 6,720.00 25046500132 Dental Insurance Yes Debit 78.80 505.00 25046500133 Life Insurance Yes Debit 6.99 30.00 25046500134 Disabilty Insurance Yes Debit 81.36 405.00 25046500151 Workers Comp. Insur. Prem. Yes Debit .00 225.00 25046500171 Clothing Allowance Yes Debit .00 20.00 25046500200 Office Supplies Yes Debit .00 200.00 25046500201 Postage Yes Debit .00 .00 25046500300 Professional Services Yes Debit .00 1,500.00 25046500303 Engineering Fee Yes Debit .00 1,000.00 25046500304 Legal Fees Yes Debit .00 500.00 25046500308 Community Programs Yes Debit .00 .00 25046500310 Software Support Yes Debit 604.36 3,415.00 2504650031010 Current Ad Valorem Taxes Yes Debit 802.71- 221,070.00- 25046500321 Telephone Yes Debit 221.18 1,325.00 25046500328 Marketing Yes Debit .00 520.00 25046500331 Travel & Conference Expense Yes Debit 27.95 650.00 2504650033160 Federal Grants - Other Yes Debit .00 .00 2504650033400 State Grants & Aids Yes Credit .00 .00 2504650033430 Other Grants/Aids Yes Debit .00 .00 25046500340 Advertising Yes Debit .00 100.00 2504650034150 TIF/Abatement Deposit Yes Debit .00 .00 2504650034155 TIF/Abatement Fee Yes Debit .00 .00 2504650036210 Interest Earnings Yes Credit 788.63- 500.00- 2504650036300 REIMBURSEMENT - EDA Yes Credit .00 .00 2504650036301 Tax Abatement Reimbursement Yes Debit 4,691.00- 9,385.00- 25046500433 Dues & Memberships Yes Debit 667.00 5,295.00 25046500582 Computer Software Yes Debit .00 500.00 25046500588 EDA Programs Yes Debit .00 25,000.00 25046500622 TIF/Abatement Payments Yes Debit .00 134,115.00 Total ECONOMIC DEVELOPMENT AUTHORITY: 5,758.69 .00 OTHER FINANCING USES 25049300720 Transfers to Other Funds Yes Debit .00 .00 8 CITY OF ST JOSEPH Budget Worksheet - budget to actual Page: 3 Period: 02/24 Mar 12, 2024 01:11PM Account Number Account Title Allows Budget Normal Balance 2024-24 2024-24 Current year Current year Actual Budget Total OTHER FINANCING USES: .00 .00 OTHER FINANCING SOURCES 2504930239201 Transfers from Other Funds Yes Debit .00 .00 2504930239260 Surplus Property Yes Debit .00 .00 Total OTHER FINANCING SOURCES: .00 .00 Total EDA: 5,758.69 .00 REVOLVING LOAN FUND EDA 25146500304 Legal Fees Yes Debit .00 .00 2514650036210 Interest Earnings Yes Credit 1,483.03- 2,500.00- 2514650036320 Loan Principal Yes Debit 2,540.66- 13,410.00- 2514650036321 Loan Interest Yes Debit 230.15- 1,035.00- 2514650036322 Loan Origination Fee Yes Debit .00 .00 25146500455 Revolving Loan Proceeds Yes Debit .00 .00 Total EDA: 4,253.84- 16,945.00- OTHER FINANCING SOURCES 2514930239201 Transfers from Other Funds Yes Debit .00 .00 Total OTHER FINANCING SOURCES: .00 .00 Total REVOLVING LOAN FUND: 4,253.84- 16,945.00- TIF 4-1 FORTITUDE SENIOR APTS EDA 25346500300 Professional Services Yes Debit .00 1,000.00 25346500306 County TIF Admin Fee Yes Debit .00 100.00 2534650031050 Tax Increment Yes Debit .00 68,000.00- 25346500340 Advertising Yes Debit .00 95.00 2534650036210 Interest Earnings Yes Credit 1,073.90- 150.00- 25346500622 TIF/Abatement Payments Yes Debit .00 62,000.00 Total EDA: 1,073.90- 4,955.00- OTHER FINANCING USES 25349300720 Transfers to Other Funds Yes Debit .00 .00 Total OTHER FINANCING USES: .00 .00 9 CITY OF ST JOSEPH Budget Worksheet - budget to actual Page: 4 Period: 02/24 Mar 12, 2024 01:11PM Account Number Account Title Allows Budget Normal Balance 2024-24 2024-24 Current year Current year Actual Budget OTHER FINANCING SOURCES 2534930239201 Transfers from Other Funds Yes Debit .00 .00 Total OTHER FINANCING SOURCES: .00 .00 Total TIF 4-1 FORTITUDE SENIOR APTS: 1,073.90- 4,955.00- TIF 2-1 MILLSTREAM SHOPS LOFTS EDA 25746500300 Professional Services Yes Debit .00 1,000.00 25746500306 County TIF Admin Fee Yes Debit .00 50.00 2574650031050 Tax Increment Yes Debit .00 51,000.00- 25746500340 Advertising Yes Debit .00 95.00 2574650036210 Interest Earnings Yes Credit 127.28- 350.00- 25746500622 TIF/Abatement Payments Yes Debit .00 45,900.00 Total EDA: 127.28- 4,305.00- OTHER FINANCING USES 25749300720 Transfers to Other Funds Yes Debit .00 .00 Total OTHER FINANCING USES: .00 .00 Total TIF 2-1 MILLSTREAM SHOPS LOFTS: 127.28- 4,305.00- TIF 2-3 BAYOU BLUES ALLEY FLAT EDA 25946500300 Professional Services Yes Debit .00 1,000.00 25946500306 County TIF Admin Fee Yes Debit .00 80.00 2594650031050 Tax Increment Yes Debit .00 40,000.00- 25946500340 Advertising Yes Debit .00 95.00 2594650036210 Interest Earnings Yes Credit 40.26- 25.00- 25946500622 TIF/Abatement Payments Yes Debit .00 35,600.00 Total EDA: 40.26- 3,250.00- OTHER FINANCING USES 25949300720 Transfers to Other Funds Yes Debit .00 .00 Total OTHER FINANCING USES: .00 .00 Total TIF 2-3 BAYOU BLUES ALLEY FLAT: 40.26- 3,250.00- Grand Totals: 3,125.02 29,065.00- 10 CITY OF ST JOSEPH Budget Worksheet - budget to actual Page: 5 Period: 02/24 Mar 12, 2024 01:11PM Account Number Account Title Allows Budget Normal Balance 2024-24 2024-24 Current year Current year Actual Budget Report Criteria: Print amounts with actual sign Include FUNDs: 220-259 Print FUND Titles Total by FUND Print DEPARTMENT Titles Total by DEPARTMENT Print DEPARTMENT Titles Total by DEPARTMENT All Segments Tested for Total Breaks 11 CITYOFSTJOSEPH BALANCESHEET FEBRUARY 29, 2024 FUND 220 - CVB ASSETS 220-10199CASH21,850.42 220-10450INTEREST RECEIVABLE132.90 TOTAL ASSETS21,983.32 LIABILITIES AND EQUITY FUND EQUITY 220-25310UNASSIGNED FUND BALANCE24,332.92 REVENUE OVER EXPENDITURES - YTD( 2,349.60) TOTAL FUND EQUITY21,983.32 TOTAL LIABILITIES AND EQUITY21,983.32 12 CITYOFSTJOSEPH BALANCESHEET FEBRUARY 29, 2024 FUND 225 - DEED CDAP HOUSING GRANTS ASSETS 225-10199CASH56,313.13 225-10450INTEREST RECEIVABLE364.93 TOTAL ASSETS56,678.06 LIABILITIES AND EQUITY FUND EQUITY 225-25310UNASSIGNED FUND BALANCE56,440.07 REVENUE OVER EXPENDITURES - YTD237.99 TOTAL FUND EQUITY56,678.06 TOTAL LIABILITIES AND EQUITY56,678.06 13 CITYOFSTJOSEPH BALANCESHEET FEBRUARY 29, 2024 FUND 250 - EDA ASSETS 250-10199CASH65,081.62 250-10450INTEREST RECEIVABLE313.19 250-10550DUE FROM OTHER GOV T UNITS802.71 250-10700TAXES RECEIVABLE - DELINQUENT718.09 250-15500DUE FROM OTHER FUND6,800.00 TOTAL ASSETS73,715.61 LIABILITIES AND EQUITY LIABILITIES 250-22204DEFERRED INFLOW OF RESOURCES718.09 TOTAL LIABILITIES718.09 FUND EQUITY 250-25310UNASSIGNED FUND BALANCE76,684.29 REVENUE OVER EXPENDITURES - YTD( 3,686.77) TOTAL FUND EQUITY72,997.52 TOTAL LIABILITIES AND EQUITY73,715.61 14 CITYOFSTJOSEPH BALANCESHEET FEBRUARY 29, 2024 FUND 251 - REVOLVING LOAN FUND ASSETS 251-10199CASH492,403.08 251-10450INTEREST RECEIVABLE3,081.20 TOTAL ASSETS495,484.28 LIABILITIES AND EQUITY FUND EQUITY 251-24415DESIGN. FD BAL - OPERATIONS427,053.91 251-25310UNASSIGNED FUND BALANCE64,870.23 REVENUE OVER EXPENDITURES - YTD3,560.14 TOTAL FUND EQUITY495,484.28 TOTAL LIABILITIES AND EQUITY495,484.28 15 CITYOFSTJOSEPH BALANCESHEET FEBRUARY 29, 2024 FUND 253 - TIF 4-1FORTITUDE SENIOR APTS ASSETS 253-10199CASH29,784.79 253-10450INTEREST RECEIVABLE192.82 TOTAL ASSETS29,977.61 LIABILITIES AND EQUITY FUND EQUITY 253-25310UNASSIGNED FUND BALANCE28,903.71 REVENUE OVER EXPENDITURES - YTD1,073.90 TOTAL FUND EQUITY29,977.61 TOTAL LIABILITIES AND EQUITY29,977.61 16 CITYOFSTJOSEPH BALANCESHEET FEBRUARY 29, 2024 FUND 257 - TIF 2-1 MILLSTREAM SHOPS LOFTS ASSETS 257-10199CASH43,392.63 257-10450INTEREST RECEIVABLE286.94 TOTAL ASSETS43,679.57 LIABILITIES AND EQUITY FUND EQUITY 257-25310UNASSIGNED FUND BALANCE43,552.29 REVENUE OVER EXPENDITURES - YTD127.28 TOTAL FUND EQUITY43,679.57 TOTAL LIABILITIES AND EQUITY43,679.57 17 CITYOFSTJOSEPH BALANCESHEET FEBRUARY 29, 2024 FUND 259 - TIF 2-3BAYOU BLUES ALLEY FLAT ASSETS 259-10199CASH3,138.15 259-10450INTEREST RECEIVABLE36.18 TOTAL ASSETS3,174.33 LIABILITIES AND EQUITY LIABILITIES 259-20500DUE TO OTHER FUND6,800.00 TOTAL LIABILITIES6,800.00 FUND EQUITY 259-25310UNASSIGNED FUND BALANCE( 3,665.93) REVENUE OVER EXPENDITURES - YTD40.26 TOTAL FUND EQUITY( 3,625.67) TOTAL LIABILITIES AND EQUITY3,174.33 18 CITY OF ST JOSEPH FUND SUMMARY FOR THE 2 MONTHS ENDING FEBRUARY 29, 2024 CVB PERIOD ACTUALYTD ACTUALBUDGETVARIANCEPCNT REVENUE ECONOMIC DEVELOPMENT AUTHORI 1,258.06)( 849.60)9,310.0010,159.60( 9.1) 1,258.06)( 849.60)9,310.0010,159.60( 9.1) EXPENDITURES ECONOMIC DEVELOPMENT AUTHORI 2,008.062,349.60890.00( 1,459.60)264.0 2,008.062,349.60890.00( 1,459.60)264.0 3,266.12)( 3,199.20)8,420.0011,619.20( 38.0) FOR ADMINISTRATION USE ONLY16 % OF THE FISCAL YEAR HAS ELAPSED03/12/2024 10:35AM PAGE: 13 19 CITY OF ST JOSEPH FUND SUMMARY FOR THE 2 MONTHS ENDING FEBRUARY 29, 2024 DEED CDAP HOUSING GRANTS PERIOD ACTUALYTD ACTUALBUDGETVARIANCEPCNT REVENUE ECONOMIC DEVELOPMENT AUTHORI 37.30)237.99500.00262.0147.6 37.30)237.99500.00262.0147.6 EXPENDITURES ECONOMIC DEVELOPMENT AUTHORI 37.30( 237.99)( 500.00)( 262.01)( 47.6) 37.30( 237.99)( 500.00)( 262.01)( 47.6) 74.60)475.981,000.00524.0247.6 FOR ADMINISTRATION USE ONLY16 % OF THE FISCAL YEAR HAS ELAPSED03/12/2024 10:35AM PAGE: 14 20 CITY OF ST JOSEPH FUND SUMMARY FOR THE 2 MONTHS ENDING FEBRUARY 29, 2024 EDA PERIOD ACTUALYTD ACTUALBUDGETVARIANCEPCNT REVENUE ECONOMIC DEVELOPMENT AUTHORI 4,420.275,428.85223,445.00218,016.152.4 4,420.275,428.85223,445.00218,016.152.4 EXPENDITURES ECONOMIC DEVELOPMENT AUTHORI 361.113,686.77.00( 3,686.77).0 361.113,686.77.00( 3,686.77).0 4,059.161,742.08223,445.00221,702.92.8 FOR ADMINISTRATION USE ONLY16 % OF THE FISCAL YEAR HAS ELAPSED03/12/2024 10:35AM PAGE: 15 21 CITY OF ST JOSEPH FUND SUMMARY FOR THE 2 MONTHS ENDING FEBRUARY 29, 2024 REVOLVING LOAN FUND PERIOD ACTUALYTD ACTUALBUDGETVARIANCEPCNT REVENUE EDA638.403,560.1416,945.0013,384.8621.0 638.403,560.1416,945.0013,384.8621.0 EXPENDITURES EDA( 638.40)( 3,560.14)( 16,945.00)( 13,384.86)( 21.0) 638.40)( 3,560.14)( 16,945.00)( 13,384.86)( 21.0) 1,276.807,120.2833,890.0026,769.7221.0 FOR ADMINISTRATION USE ONLY16 % OF THE FISCAL YEAR HAS ELAPSED03/12/2024 10:35AM PAGE: 16 22 CITY OF ST JOSEPH FUND SUMMARY FOR THE 2 MONTHS ENDING FEBRUARY 29, 2024 TIF 4-1 FORTITUDE SENIOR APTS PERIOD ACTUALYTD ACTUALBUDGETVARIANCEPCNT REVENUE EDA( 167.36)1,073.9067,955.0066,881.101.6 167.36)1,073.9067,955.0066,881.101.6 EXPENDITURES EDA167.36( 1,073.90)( 4,955.00)( 3,881.10)( 21.7) 167.36( 1,073.90)( 4,955.00)( 3,881.10)( 21.7) 334.72)2,147.8072,910.0070,762.203.0 FOR ADMINISTRATION USE ONLY16 % OF THE FISCAL YEAR HAS ELAPSED03/12/2024 10:36AM PAGE: 17 23 CITY OF ST JOSEPH FUND SUMMARY FOR THE 2 MONTHS ENDING FEBRUARY 29, 2024 TIF 2-1 MILLSTREAM SHOPS LOFTS PERIOD ACTUALYTD ACTUALBUDGETVARIANCEPCNT REVENUE EDA( 20.61)127.2851,205.0051,077.72.3 20.61)127.2851,205.0051,077.72.3 EXPENDITURES EDA20.61( 127.28)( 4,305.00)( 4,177.72)( 3.0) 20.61( 127.28)( 4,305.00)( 4,177.72)( 3.0) 41.22)254.5655,510.0055,255.44.5 FOR ADMINISTRATION USE ONLY16 % OF THE FISCAL YEAR HAS ELAPSED03/12/2024 10:36AM PAGE: 18 24 CITY OF ST JOSEPH FUND SUMMARY FOR THE 2 MONTHS ENDING FEBRUARY 29, 2024 TIF 2-3 BAYOU BLUES ALLEY FLAT PERIOD ACTUALYTD ACTUALBUDGETVARIANCEPCNT REVENUE EDA( 6.83)40.2639,850.0039,809.74.1 6.83)40.2639,850.0039,809.74.1 EXPENDITURES EDA6.83( 40.26)( 3,250.00)( 3,209.74)( 1.2) 6.83( 40.26)( 3,250.00)( 3,209.74)( 1.2) 13.66)80.5243,100.0043,019.48.2 FOR ADMINISTRATION USE ONLY16 % OF THE FISCAL YEAR HAS ELAPSED03/12/2024 10:36AM PAGE: 19 25 EDA Agenda Items 5-8 MEETING DATE: March 19th, 2024 AGENDA ITEMS: 5-9 PREVIOUS BOARD ACTION: 5 – none 6 – none 7 – none 8 – updates provided every month BACKGROUND INFORMATION: 5 – Façade Grant Request – Hudson Properties 13 MN ST W Ann Hudson recently purchased the old St. Joseph Mutual Insurance property at 13 MN ST. She has plans to offer a new gift boutique store by April 15th to complement her existing business Hudson and Co. The grant request would go towards awnings, lighting, signage, painting, and new door to match. Proposed request is for the max allowed $2,000. 6 – Façade Grant Request – College and Minnesota 33 1st Ave NW 33 1st Ave NW is undergoing some improvements tied to expansion plans by WR Home Company. The property is owned by Shannon Wiger (College and MN, LLC) who is proposing to add a ramp/deck, new siding, exterior windows and trim, entry doors, and front step entrance. The current condition is causing the patio to peel, front door is severely dented and the front steps are heaving causing accessibility concerns. The request is for the maximum of $2,000. 7 – Façade Grant Request – College and Minnesota 106 2nd Ave NW The old Quonset building at 106 2nd Ave NW was purchased by Shannon Wiger recently. Over the years the building exterior fell into disrepair. Shannon is proposing to do a completely new exterior. Grant request would go towards helping facilitate these improvements (new windows, paint, entry doors, roof, and landscaping.) Request is for the maximum $2,000. 8 - General Business updates Updates will be provided for the Synergy Site, Housing Developments, business retention/recruitment. BUDGET/FISCAL IMPACT: $6,000 if all four grant requests are approved. There is currently $25,000 in the EDA programs budget. $5,000 is slated for the Joetown Blocks event per approval from Board in October. After these funds are expelled, we will have $19,000 left for 2024. ATTACHMENTS: Façade grant applications for: 13 MN ST W 33 1st Ave NW 106 2nd Ave NW REQUESTED BOARD ACTION: 5 – motion for approval on matching grant request of $2,000 6 – motion for approval on matching grant request of $2,000 7 – motion for approval on matching grant request of $2,000 26 27 28 29 30 31 .l, .tu st4 CITY OF ST. JOEPI I APPLICATION FOR ST. JOSEPII BUSINESS DISTRICT FACADE 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 Shannon Viger Phone: 320-333-6563 Email: shannon.wiger@lawmoss.com_ Mailing Address: 1598 Blackberry Circle, Sartell, MN 56377 Property Owner: College & Minnesota, LLC_. Phone: 320-333-6563 [mail: shannon.wiger@lawmoss.com_.- Mailing Address: 1598 Blackberry Circle, Sartell, MN 56377__.. PROJECT INFORMATION: Business Name: College & Minnesota, LLC. Business Address; 33 1st Ave. NW, St. Joseph, MN 56374_.--- -- 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: $15000 3. Ifthc 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, docs completing the project timely pose any concerns for you? 36 Y es X _No If yes, Please list those concerns: PROJECT DESCRIPTION Please provide an accurate and thorough summary of your project. The photographs taken of your building(s) and property will assist in a visual manner to further support your written project description. This historic home is over 100 years old, and will be the future location of a retail store expansion operated by WR Home Company. Currently, the paint is peeling off the siding and window trim, the front door is dented and distressed and the front steps are heaving and nearly falling off the house. The proposed work incl udes adding a ram p/deck to im pro ves aesthetics and accessibility, new siding, new window trim, new exterior windows on the porch to match the existing historic windows, new entry doors and a beautiful new front step entrance mnto the property. step entrance into the property. Pictured is the current state of the home, along with an inspiration photo of the look and style of tho proposod now stop s, siding color, landscaping, stops and docking. This is a corner, highly visible property that wll be well sorved by thoso improvoments 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 X X X Will positively contribute to the City's revitalization/renewal efforts. Will eliminate a blighting influence. Will result in a visible improvement that would not be made otherwise. Result in a ratio of private investment to public investment greater than 2:1. Building Permits & Inspections Applicant is responsible for obtaining appropriate building permits, per the Building Code and/or City of St. Joseph Zoning Ordinance. In the case of improvements that do not require a city-issued building permit, the applicant must submit the name and state license number of the contractor completing the work and agree to an inspection of the work by a city building official. 37 Grant Disbursement /\warded 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 wi th 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 01 this application is accurate. I have read, understand, and agree to comply with the P~~tin ~:itrna for the St. Joseph Business Fa,ade Architectural Design Grant Program. (~~JiAf k ------V---~- _ _ _ _ __ _ ~/ri l z~~-- Si nature of Applicant Date Signature of Owner(s) (if different than Applicant) Date Contact: Nate Keller, Community Development Director (320) 557-3524 nkeller@cityofstjoseph.com Submit completed application by email to nkeller@cityofstjoseph.com or to: St. Joseph Government Center 75 Callaway St. I St. Joseph, MN 56374 38 Current property – note the heaving front steps, dented door, chipping/stained siding and window trim. Proposed color of decking, siding, steps, entry doors, sconce lighting at entry and landscaping. 39 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 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 40 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. 41 APPLICATION FOR ST. JOSEPH BUSINESS DISTRICT FAÇADE ARCHITECTURAL DESIGN GRANT PROGRAM ** Please remember to include photos of your building(s) and/or property as they relate to the types of improvements indicated on this application. ** APPLICANT AND PROPERTY OWNER INFORMATION: Applicant Phone: Email: Mailing Address: Property Owner: Phone: Email: Mailing Address: PROJECT INFORMATION: Business Name: Business Address: 1.On the attached page, please identify the specific improvements you are proposing for the building(s) and/or property. 2. Based on the proposed improvements identified, please provide your best estimate of the entire project cost: $ 3.If the project cost comes in at, or exceeds your estimate, do you have private funds readily available to complete the proposed the project? Yes No If No, by what means will you secure funding and still complete the project within a timely manner 4.If your project is approved, does completing the project timely pose any concerns for you? 42 Yes No If yes, Please list those concerns: PROJECT DESCRIPTION Please provide an accurate and thorough summary of your project. The photographs taken of your building(s) and property will assist in a visual manner to further support your written project description. Based on the description of your project and your motivation for wanting to make these improvements, please place a check mark next to those project preference item you feel your project meets. Will positively contribute to the City’s revitalization/renewal efforts. Will eliminate a blighting influence. Will result in a visible improvement that would not be made otherwise. Result in a ratio of private investment to public investment greater than 2:1. Building Permits & Inspections Applicant is responsible for obtaining appropriate building permits, per the Building Code and/or City of St. Joseph Zoning Ordinance. In the case of improvements that do not require a city-issued building permit, the applicant must submit the name and state license number of the contractor completing the work and agree to an inspection of the work by a city building official. 43 G r a n t D isb u r s em e n t 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 progrmm criteria for the St. Joseph Bus' r ess Fa~ade Architectural Design Grant Program. hi? #et# Signature of Applicant Date Signature of Owner(s) (if different than Applicant) Date Contact: Nate Keller, Community Development Director (320) 557-3524 nkeller@citvofstjoseph.com Submit completed application by email to nkeller@cityofstjoseph.com or to: St. Joseph Government Center 75 Callaway St. E St. Joseph, MN 56374 44 Current property – the building is in rough shape, with boarded up windows, mismatched stone and is in desperate need of tuckpointing. 45 ASH AND SECOND - ST. JOSEPH, MINNESOTA SEPTEMBER 27, 2023 | JLG 23146 | © 2023 JLG ARCHITECTS EXTERIOR CONCEPT 46 DEVELOPMENT TRACKER Project number Name/location area Type Status 01 – B Obbink Expansion of production area Property closed on July 14th 01-C Knife River Rail Expansion Phase 1 complete. Phase 2 unknown for timing. 01-D New commercial cultural café space Looking for space/buildings/land. Meeting had and connections made to property owners. List of potential properties provided to group by staff. 01 - E Wedding/Event venue Wedding/Event Venue amendment in RR areas Council approved C.U.P. on 09/05. Two conditions of C.U.P. asked to be reconsidered. Council directed staff to bring forth modifications to original C.U.P. resolution. Council adopted modifications to C.U.P. conditions on 11/20. Awaiting execution of D.A. 01 – H Low Density Residential Subdivision expansions near Kennedy Staff monitoring potential funding programs from the State to spur growth. If funds are offered city should consider applying. Discussions developers occurring 01 – I East Park River’s Bend Expansion of Park Funding acquired through DNR grant and LCCMR. Construction pushed to 2024 due to timing on LCCMR. S.E.H. has begun design work and surveying 01 – J Joetown Apts 2 Phase market rate apt complex (just south of 100 units) Phase 2 likely after one year 01 – K Downtown Redevelopment Redevelopment in Downtown Quonset building purchased by Shannon Wiger. Demo work has started on inside and portions of exterior 47 01 – L Synergy Site (old JR Mobile) Redevelopment of Gas Station parcel Variance and parking proposal set for Council on March 18th 01 – M Gateway area Green field Commercial development – Gateway Bonding request submitted and lobbyist hired. Bonding Committee came to hear overview from Mayor/staff on 11/09 01 – N Northside Commercial Redevelopment of Northside Commercial area Visioning discussion with purchaser of Sunset building. 01 – O Elm St Roadway expansion – Elm St Engineering in design phase. Meyer and Knight Builders lots listed for sale. Interested purchaser for Meyer (15-18 employees) 01 – P Expansion of Commercial Facility Numerous discussions with property owner. Zoning information and building information provided on process needed and steps to approval (PUD required) 01 – Q Relocation of business and new commercial construction Discussion with owner. Information on TIF/Abatement provided to business owner. 01 – R MN Home Improvements New Commercial build – MN Home Improvements Project on hold. Variance approvals extended till 2024. 01 – S Plat to do Storage buildings and transition to residential. High – medium – low density Purchase of property has been made. Pre- development meeting in July. 01 – T 80,000-90,000 S.F. Manufacturing facility. Existing business expansion looking to consolidate into one lot/building. Lots in Industrial Park sent to owner. Owner had pre- development meeting with staff in May. Follow- up has occurred regarding TIF/Abatement, city fee’s, and approvals needed. Meeting occurred in July. Continued meetings and potential DEED application 01 – U Industrial Park expansion Expansion of Industrial Park Expansion needed should a large user be interested 48 in locating in St. Joe. Discussion with land owners/developers. Meeting with developers occurred in late Feb. Lift station is needed which severely increases costs 01-V Industrial Building Expansion. Possible 6 + new jobs Awaiting sketches for review 01-W New retail building Discussion on potential lots. 01 – X Relocation and expansion of existing St. Joe Business – 100,000 S.F. + potential outside storage/parking Not ready to move forward. Connections made between land owner and business owner. 01 – Y Boutique hotel Discussions occurring between private parties and key property acquisitions 02-A 25,000 S.F. expansion. Retention of 28 FTE and adding 6-10 FTE Held meeting with owner, DEED, HRA, GSDC, and project partners 02 – B Feedmill property Potential rehab or knock down Rezone has been approved to revert building back to Commercial. 02 – C New Industrial Park building Met with owners and intended purchaser. Likely 2025 project. Proposal to vacate interior easements and consolidate three lots into one approved. 02 – D New Industrial Park building Met with owners on 12/07 02 – E Site plan app required. New EE use near the Monestray Met with contact on 12/04 49 02 – F Promotional Resources 12,000 S.F. Expansion of existing Industrial building Confirmation received from Great River Energy that the power line will be vacated and removed this spring. This will allow the expansion to occur. Vacation of city easements approved in January. Completing site plan review 02 – G New restaurant Meeting with owner in Feb. Connections will be made to existing property owners 02 – H Wine bar Need an operator and space Tracker is a sampling of projects and is not exhaustive. 50