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HomeMy WebLinkAbout09-05-2023 JDA Agenda Packet Joint Development Authority TCAAP Redevelopment Project Joint Development Authority TCAAP Redevelopment Project SPECIAL JDA WORK SESSION AGENDA Tuesday, September 5, 2023, 5:30 p.m. at Arden Hills City Hall 1. Roll Call 2. Public Input 3. Review Road Map 4. Schedule Community Engagement Meeting 5. Real Estate Market Presentations 6. Approve Energy Advisory Committee Goal and Guiding Principles 7. Administrative Director’s Report 8. Development Director’s Report 9. Commissioner Updates 10. Adjournment Joint Development Authority TCAAP Redevelopment Project Joint Development Authority TCAAP Redevelopment Project AGENDA ITEM 2 MEMORANDUM DATE: September 5, 2023 TO: Joint Development Authority Board of Commissioners FROM: Directors Collins and Perrault SUBJECT: Public Input The public is invited to provide input. Comments will be limited to three minutes per person. Attachment: None Action Requested: None Joint Development Authority TCAAP Redevelopment Project Joint Development Authority TCAAP Redevelopment Project AGENDA ITEM 3 MEMORANDUM DATE: September 5, 2023 TO: Joint Development Authority Board of Commissioners FROM: Directors Collins and Perrault SUBJECT: Review Road Map The Rice Creek Commons 2023 Planning Roadmap lays out meeting dates and goals through the remainder of 2023. Attachment: RCC 2023 Planning Roadmap Action Requested: None Month Date Meeting/Action or Deadline Topics or Notes  6 JDA Meeting Adoption of Project Goals, Formation of JDA Advisory  Committee 24 JDA Advisory Committee Contracts, Budget, Calendar, Primer Tracer, Thumb Parcel  9 JDA Advisory Committee City and County Updates, Thumb Roadmap 17 JDA Advisory Committee Planning Calendar, Residential Density 3 JDA Meeting Equitable Development Framework, Parks and Recreation  Update  13 JDA Advisory Committee 24 Outlot A RDI Request for Development Interest Issued 27 JDA Advisory Committee 1 JDA Work Session Communications, Energy Advisory Committee, Roadmap 11 JDA Advisory Committee Work Session: Environmental and Legal Review 16 Outlot A RDI Deadline: last day for developers to submit written questions 18 JDA Advisory Committee Prep for June JDA Meeting 5 JDA Meeting Land Use, Communications Plan, Energy Advisory Committee,  Budget 9 Outlot A RDI Deadline: answers to developers' questions posted 9 JDA Advisory Committee Financial Update 15 Staff Meeting Prep for July Work Session 26 Arden Hills City Council Meeting TRC Amendment Approval 29 JDA Advisory Committee Prep for July Work Session Rice Creek Commons 2023 Roadmap  Feb March April May June 6 Energy Advisory Committee Initial Meeting 11 JDA Work Session Roadmap, Community Engagement 27 JDA Advisory Committee Outlot A Evaluation Process, Community Engagement, Prep  for August JDA Meeting 28 Outlot A RDI Deadline: proposals due by 11:00pm 1 Ramsey County Board Meeting TRC Amendment Approval 3 Energy Advisory Committee Goal Setting, Case Studies 3 Outlot A RDI Review Panel (staff and consultants) begins individual  evaluations 7 JDA Meeting Housing Resources, Road Infrastructure Overview 10 JDA Advisory Committee Discuss MOU and Financials 22 Ramsey County Board (Closed Session) Outlot A: discuss proposals (no action) 24 Staff Meeting Prep for September work session 25 Outlot A RDI Deadline: Review Panel (staff and consultants) individual  evaluations 31 Energy Advisory Committee Vision Statement 31 Outlot A RDI Outlot A: Review Panel discusses proposals and makes  recommendation(s) to JDA Advisory Committee 5 JDA Work Session Real Estate Market 7 JDA Advisory Committee (Closed )Outlot A: discuss Review Panel recommendation(s) and add  item to JDA agenda 21 JDA Advisory Committee 26 Ramsey County Board (Closed Session)[Tentative] Outlot A: discuss Review Panel  recommendation(s) (no action) 27 JDA Special Session [Tentative] Development Scenarios, Visualizing Housing  Density 28 Energy Advisory Committee Xcel Capabilities, Energy Consultant Scope of Work Aug July Sept 2 JDA Meeting Outlot: A Proposal Review and Recommendation;  Environmental Remediation Review 5 JDA Advisory Committee 10 Ramsey County Board (Closed Session)Outlot A: review JDA recommendation and begin negotiation  with developer Community Event/Town Hall (date not set) 19 JDA Advisory Committee 2 JDA Advisory Committee 6 JDA Work Session  16 JDA Advisory Committee 30 JDA Advisory Committee 4 JDA Meeting 14 JDA Advisory Committee 28 JDA Advisory Committee Key JDA Meeting JDA Work Session  Advisory Committee Meeting  Deadline Nov Oct Dec Other Meeting Negotiation of terms of purchase Establish financial assumptions by Q4 2023 Late 2023/ Early 2024 Joint Development Authority TCAAP Redevelopment Project Joint Development Authority TCAAP Redevelopment Project AGENDA ITEM 4 MEMORANDUM DATE: September 5, 2023 TO: Joint Development Authority Board of Commissioners FROM: Directors Collins and Perrault SUBJECT: Schedule Community Open House Staff are working to execute a contract with a community engagement consultant who will help plan and facilitate a community open house. An evening or weekend day in mid- to late October has been discussed as a potential time. Attachment: None Action Requested: Determine possible dates for community open house. Joint Development Authority TCAAP Redevelopment Project Joint Development Authority TCAAP Redevelopment Project AGENDA ITEM 5 MEMORANDUM DATE: September 5, 2023 TO: Joint Development Authority Board of Commissioners FROM: Directors Collins and Perrault SUBJECT: Real Estate Market Presentations Experts on the local real estate market have been invited to present to the JDA. There will be four presentations, followed by time for questions and discussion. The bios of the presenters are below and presentations follow. Amanda Taylor, GREATER MSP Partnership Amanda Taylor is Vice President of Business Investment at the GREATER MSP Partnership. Amanda leads the team driving business attraction, expansion, and retention in the Minneapolis Saint Paul region, positioning the region for economic growth in the next economy. Amanda previously led the Research and Intelligence platform at GREATER MSP, providing intelligence and analytical expertise to inform strategy across the enterprise. Amanda brings 17 years of experience in economic development and corporate site selection to the organization. Prior to joining GREATER MSP, Amanda was a Senior Consultant with McCallum Sweeney Consulting in Greenville, South Carolina, providing site selection, incentives negotiation, and workforce services to corporate clients including Michelin, Northrop Grumman, and Lucid Motors. In this role, Amanda supported the creation of over 4,000 jobs and $1.3 billion in capital investment across North America. She also managed economic development strategy, site readiness, and location competitiveness consulting for clients including the Iowa Economic Development Authority, Arkansas Economic Developers Association, Charleston (SC) Regional Development Alliance, and Enterprise Florida. Amanda spent four years in project management and research roles with the Savannah (GA) Economic Development Authority, supporting significant capital investment and job creation decisions by companies like Gulfstream Aerospace and Mitsubishi Power Systems. Amanda earned her Master of City and Regional Planning at Clemson University and Bachelor of Arts from the University of Connecticut, double majoring in Geography and Economics. Amanda is an accredited Leadership in Energy and Environmental Design Green Associate (LEED® Green Associate). In 2020, she was recognized as one of North America’s Top 50 Economic Developers by Consultant Connect. In 2023 she is a recipient of the Economic Development 40 Under 40 award by Development Counsellors International (DCI) and Jorgenson Consulting, recognized as a rising star under 40 years old in the economic development industry. Joint Development Authority TCAAP Redevelopment Project Joint Development Authority TCAAP Redevelopment Project Bruce Nustad, Minnesota Retailers Association Bruce Nustad is the staff president of the Minnesota Retailers Association, a trade group of retailers and key business partners serving Minnesota’s consumers. Since 2012 Nustad has led the association in its work to advocate for the retail industry and the 788,000 jobs it supports. Prior to the retailers association, Nustad served as TwinWest Chamber of Commerce president and CEO, and held leadership positions with the Minnesota High Tech Association, the Twin Cities North Chamber of Commerce, and the Saint Paul Area Chamber of Commerce. Nustad holds a Master of Arts degree in public administration from Minnesota State University, Mankato. Anne Mavity, Minnesota Housing Partnership Anne Mavity is Executive Direction of Minnesota Housing Partnership (MHP). Anne has over 30 years of experience in affordable housing, capacity building, and community development. Among her varied experience she has worked on a Congressional subcommittee on housing, provided technical assistance and underwriting at CSH creating Permanent Supportive Housing policies and projects, and led development and organizing for Beacon Interfaith Housing Collaborative. She served for 11 years as a City Council member in St. Louis Park, leaving that post in October 2020. She has since moved back to Minneapolis, where her career in housing began many years ago as Executive Director for Central Neighborhood. Anne has a double BA degree in Government and Slavic Languages from Lawrence University, and a master’s in public policy from Georgetown University. Thomas Fisher, University of Minnesota Thomas Fisher is a Professor in the School of Architecture, Director of the Minnesota Design Center, and former Dean of the College of Design at the University of Minnesota. A graduate of Cornell University in architecture and Case Western Reserve University in intellectual history, he was the Editorial Director of Progressive Architecture magazine and was recognized in 2005 as one of nation’s most published architecture writers, having written 12 books, over 60 book chapters, and over 450 journal articles. His most recent book is: Space, Structures and Design in a Post-Pandemic World (Routledge, 2022). Attachments: Presentation: Amanda Taylor, Greater MSP Partnership Presentation: Bruce Nustad, Minnesota’s Retail Sector Presentation: Anne Mavity, Ramsey County Housing Profile Presentation: Thomas Fisher, Post-Pandemic Development Trends Action Requested: None Rice Creek CommonsJDA Work Session September 5, 2023 It takes leadership to build and grow an economy and, together,we are those leaders. Together, we are solving global challenges, growing industries, and creating inclusive economic opportunity that reaches residents in the City and across our region. Together we are doing what none of us can do alone.We share ownership of this partnership and the successes it is producing. We are GREATER MSP. 2 Economic opportunity for all One Region. One Team. STRATEGY How ACTION What VISION Why The Greater MSP Region leads the world in inclusive economic growth by welcoming all, empowering talent, and igniting innovation. 4 Bold Ambitions for Regional Progress 5 Ramsey County is part of a regional economy •The inflow/outflow of workers to and from Ramsey County illustrates the regional nature of our economy. •As of 2020: •>212,000 non-Ramsey County residents work for an employer located in Ramsey County. •>148,000 Ramsey County residents work for employers located outside of Ramsey County. •>100,000 Ramsey County residents work for employers in Ramsey County. 6 Arden Hills is already a major employment center in the metro •Home to major employers, including Land O’Lakes, Boston Scientific •As of 2020: •>10,000 non-Arden Hills residents work for an employer located in Arden Hills. •>3,500 Arden Hills residents work for employers located outside of Arden Hills. •<250 Arden Hills residents work for employers in Arden Hills. 2023 Snapshot: Business Investment GREATER MSP and state, county, city work together to support companies creating more good jobs & making high-impact capital investment in Ramsey County. Business Investment platform work includes: •Deal support (e.g., site identification, incentives applications) •Customized data (e.g., workforce, employer lists) •Sector-based deal development (e.g., CHIPS deal portfolio) •Global business development (e.g., trade shows, meeting with site selectors) 7 Minnesota CHIPS Coalition (Semiconductor Industry) 2023 Regional Deal Pipeline •59 active projects (36 new project starts in 2023) •Industries with active projects in the region, such as: Aerospace / defense Semiconductor / microelectronics Bio (manufacturing, R&D) Datacenters Global Footprint •2 int’l deals visit MSP (Netherlands & Japan) •Host delegation from Finland (food/decarbonization) •Japan: Midwest trip to Tokyo •Australia: Governor's Trade Mission •8+ manufacturing facility expansions •1,000+ new jobs & $1.6B+ capital investment •Hosted visit with Federal Commerce Secretary and Senator Klobuchar •Competing for federal CHIPS Act funding Regional emerging technologies/industries 8 Biomanufacturing/ Sustainable Aviation Fuel Semiconductor/ Microelectronics Medical Technology Protein Innovation Digital Infrastructure Location Factors •Commitment to sustainable business practices, including use of renewable energy, LEED certification, WELL building standards, sustainable site design, proximity to talent (affordable housing) •Facility needs for flex use for office/HQ, R&D, lab, manufacturing •Smaller projects (10k-100k sq. ft.) are seeking existing buildings. Don’t have time or scale for BTS, purpose-built •Attractive to be in proximity to other employers in similar industry/technology area 9 Industrial development observations to consider for Rice Creek Commons •Sustainability. Design to environmental and sustainability standards •Flex Uses. Flexible/multi-tenant spaces that can accommodate office, R&D, lab, light manufacturing •Target industries. Customized marketing and branding to attract targeted, strategic industries. Proximity to other employers in similar industry/technology could be a plus •Housing connectivity. Employers want housing nearby that their talent can afford Minnesota’s Retail Sector Retail plays a vital balancing role in our economy and across our communities Retail in Minnesota By employee size: <10 -> 30,933 <50 -> 46,638 50-100 -> 1,602 >100 -> 1,378 Female-owned or executive -> 16,275 Non-white-owned or executive -> 8,063 Number of retailers in MN: 52,636 *based on data available today Jobs and opportunities in retail: 788,000 Retail in Minnesota 20 percent of our economy is attributable to the retail sector 1 in 10 state general fund dollars come from sales taxes collected and administered by retailers $24 billion in yearly GDP was produced by Minnesota retailers Retail in Minnesota 71 percent of hiring managers say that retail provides foundational skills & experience that are transferable to other industries, and recommend including such experiences on a resume 85 percent of Minnesotans report having had their first work experience in retail Retail in Minnesota Minnesota has long been a hub of innovation in retail, from the creation of the first modern mall, Southdale, to the largest retail shopping mall in the U.S., the Mall of America 19 million tourists included visiting Minnesota retailers in their plans last year Source: Lyle Anderson, Minnesota Management & Budget, August 30 presentation to Minnesota Retailers Association Consumer spending continues to grow Source: Lyle Anderson, Minnesota Management & Budget, August 30 presentation to Minnesota Retailers Association Sales taxes receipts estimate Retail in surrounding communities: BLAINE By employee size: <10 -> 197 <50 -> 368 50-100 -> 18 >100 -> 11 Blaine is home to 426 retailers Female-owned or executive -> 138 Non-white-owned or executive -> 71 *based on data available today Diversity in Blaine retail Retail in surrounding communities: ROSEVILLE By employee size: <10 -> 182 <50 -> 370 50-100 -> 25 >100 -> 20 Roseville is home to 440 retailers Female-owned or executive -> 166 Non-white-owned or executive -> 97 *based on data available today Diversity in Roseville retail Successful retail in Minnesota Minnesota not only has a great retail base with residents, but we also import shoppers based on our competitiveness, location in the country, and the retail experiences we offer. Retail is a destination in Minnesota. Successful retail in Minnesota Differing retail models, sizes and ownership create a retail eco- system that works for today’s shopper. And innovation in retail is spurred by competition. A healthy eco-system and mix of retailers is key. Successful retail in Minnesota Retail is an important part of a community’s tax base, including property taxes, payroll taxes, but also philanthropy, community connection, and vibrancy Balanced communities have a strong retail backbone. Successful retail in Minnesota Minnesota consumers appreciate a mix of retail offers and value availability of products and services, including ease of access and convenience. Infrastructure is important as Minnesotans continue to support in-store shopping & delivery/pick-up. Minnesota’s Retail Sector Bruce Nustad, Minnesota Retailers Association, bruce@mnretail.org Minnesota Housing Partnership: Ramsey County Housing Profile Anne Mavity, Executive Director Anne.Mavity@mhponline.org MHP Areas of Focus Research / Policy / Community Development There are not enough homes, especially for families with low incomes Our housing system is broken Our housing system is broken Housing insecurity is inequitably feltOwnership disparities persist in the state Need housing within reach of Ramsey County families A full-time job still can’t pay for an average home Where we started Like the air we breath and the water we drink, housing is a fundamental need. •2023: $2 billion for housing •2024: Housing on the ballot 2024 •Note -prior to FY23 appropriations to Minnesota Housing have increased only $36 million per biennium on average or $18 million annually. (Not including general obligation or housing infrastructure bonds). 2023 Legislative appropriations:$2 Billion for Homes and Housing Stability •2023: $2 billion for housing •2024: Housing on the ballot 2024: Housing on the •$1.3B in direct appropriations for housing •About $175m annually from metro sales tax •$400m+ in Tax Bill •$200m in Health and Human Services bill •Additional resources and policy throughout •Tenant protections Direct appropriations to Minnesota Housing •2023: $2 billion for housing •2024: Housing on the ballot 2024: Housing on the •$600M+ for production & preservation •$200M Housing Infrastructure •$100M Challenge Fund •$90M NOAH •$65M Workforce & Affordable Homeownership •$400M+ Access & Opportunity •Rental Assistance (Bring it Home) •Down payment assistance •Emergency Rental Assistance (Family Homeless Prevention Assistance Program) Taxes •2023: $2 billion for housing •2024: Housing on the ballot 2024: Housing on the •7-county Metro Sales Tax •25% to rental assistance; 25% to cities; 50% to counties •Production & preservation, emergency rental assistance •4d property tax relief •Local Housing Aid •Renter’s Credit and homestead credits and refunds •One time boost to renter and homeowner credits mhponline.org Connect with MHP mhponline.org @followMHP info@mhponline.org Post-Pandemic Development Trends Thomas Fisher, Professor and Director Minnesota Design Center, College of Design University of Minnesota – Twin Cities Pandemics bring permanent changes to communities that take decades to unfold. Recognize the density is economically essential and that it comes in a variety of forms. Encourage housing options for the two biggest demographics: boomers and millennials. Work with building code officials and lenders to encourage more “missing middle” housing Allow for flexibility in how people live and work, with mixed-use buildings and neighborhoods Encourage flexibility in space use: i.e. garages as workspaces/ADUs/home offices/start-up spaces Encourage funders and code officials to support buildings with a variety of uses over time. Encourage new land uses and building types to meet new needs: i.e. neighborhood clubhouses Encourage “POPs”: privately owned open space available for common and public use Recognize that streets are places primarily for people, with vehicles as the intruders Recognize that the demand for parking will change dramatically over the coming decade. Require that structured parking be designed for alternative uses over the life of the building Recognize that the digital environment should interact with and complement the physical one. Joint Development Authority TCAAP Redevelopment Project Joint Development Authority TCAAP Redevelopment Project AGENDA ITEM 6 MEMORANDUM DATE: September 5, 2023 TO: Joint Development Authority Board of Commissioners FROM: Commissioner Monson SUBJECT: Approve Energy Advisory Committee Goal and Guiding Principles The Energy Advisory Committee drafted a goal statement and guiding principles for the JDA’s review and approval. Attachments: Energy Advisory Committee Goals and Guiding Principles Action Requested: Approve Energy Advisory Committee Goals and Guiding Principles Rice Creek Commons Energy Vision Goal Rice Creek Commons will be a vibrant development that aligns with the goals outlined in the State of Minnesota’s Climate Action Framework: carbon neutrality, clean energy, climate resiliency, equity and innovation. Rice Creek Commons will attract investment and partnership, that will create sustainable benefits for the community. Guiding Principles Develop a resilient community for energy and other utilities: — Endeavor to make investment in clean energy technologies economically attractive — Pursue opportunities that reduce consumption, capture residual energy, and reuse local resources — Be self-sufficient to the extent possible and practical using local and renewable sources of energy Implement infrastructure solutions that are flexible and scalable over 50 years: — Cultivate a platform that enables integration of future technological advances and more efficient forms of energy — Develop a smart grid on the Rice Creek Commons site Deliver a model of efficient energy and water usage that minimizes Rice Creek Commons’ impact on the environment: — Introduce a comprehensive policy approach that promotes efficient utilization of all resources — Foster the advancement of behaviors and technologies that decrease the consumption of energy and natural resources Create an economically competitive and attractive environment for developers and Businesses: — Build a framework that is financeable, high quality, and sellable in private markets — Prepare Rice Creek Commons to become a vibrant community that attracts people, developers, businesses, and connects to surrounding communities. Joint Development Authority TCAAP Redevelopment Project Joint Development Authority TCAAP Redevelopment Project AGENDA ITEM 7 MEMORANDUM DATE: September 5, 2023 TO: Joint Development Authority Board of Commissioners FROM: Director Collins SUBJECT: Administrative Director’s Report A verbal update will be provided by Director Collins. Attachments: None Action Requested: None Joint Development Authority TCAAP Redevelopment Project Joint Development Authority TCAAP Redevelopment Project AGENDA ITEM 8 MEMORANDUM DATE: September 5, 2023 TO: Joint Development Authority Board of Commissioners FROM: Director Perrault SUBJECT: Development Director’s Report A verbal update will be provided by Director Perrault. Attachments: None Action Requested: None