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HomeMy WebLinkAbout2019-02-13 Handouts @ Closed Exec. Sessionerviffe stabfished 1857 February 8, 2019 Honorable Mayor and City Council 1880 Main Street Centerville, MN 55038 Dear Mayor and Council Members: 1880 Wain Street, Centen iffe, 9WN55038 or City staff is looking for some guidance from the City Council on what types of opportunities the EDA should be pursuing. In particular, staff has become aware of several properties in the downtown area that are up for sale. Before we dedicate a lot of staff and EDA meeting time to analyzing various redevelopment opportunities associated with these properties, we would like to gauge the Council's overall interest in purchasing property for the purposes of spurring redevelopment. This topic is being handled during a closed session to allow for discussion of specific properties and their pricing. Sincerely, %f /0� /, Mark R. Statz, PE City Administrator/City Engineer Attachments: Real Estate Info Cc: Kurt Glaser ■ City-ov ■ For Sal Church A Parks Real Estate For additional information, contact Keller Williams �p Premier Realty North Suburban Phone: (651) 379-1500 WBIJAW, Email: klrw378 kw.com r e r. n %1 i. i � e s Web URL: httn://kwnmorthc__uburban.yourkwoffice.com/ H r 7085/7087 Centerville Road, Centerville, MN 55038 Price: $425,000 Sq. Feet: 4641 Type: Commercial School District: Centennial County: Anoka MAPS: Map Satellite Rice Creek } Chain of Lakes Park Reserve - Vain Sr listing# 4999500 FE- http://www.mlsfinder.com/mn rmls/kwpmorthsuburban/index.cfm?action=printerfriendly&property_id-4999500[2/13/210:57:00 AM] Real Estate ti nt Centervi �Jk Go �e Lino Lakes g Map data ©2019 Google 500 m r Terms of Use Report a map error REMARKS Investment property. 4-unit pair with leases in place. Easy access to 35E, Strong rental history. 3- residential units and main floor commercial. 7085= SF home (3 Bedroom, 1 Bath). 7087 = commercial +2 apartments (both are 2 Bedroom 1 Bath). Off street parking behind buildings, and on -street parking. Coin -op laundry in both apartments at 7087. Catering/restaurant lease opportunity at 7087, 1,951 fsf avail for $1,850 mo + utilities. OVERVIEW: Price Change History: Property Type: Commercial Listing Status: Active Style: Apartments and Retail, Apartments/Multi Family Year Built: 1878 Sgft. Total: 4641 Acres: 0.26 Exterior: Stucco, Engineered Wood Air Conditioning: Window Heat Type: Forced Air, Baseboard Fuel: Natural Gas Lot Size Dimensions: 50xl50 & 40xl00 Water: Well Sewer: City Sewer/Connected Current Use: Food Service, Residential, Commercial FEATURES: Sale Includes: Building, Land, Leases SCHOOLS: School District: Centennial FINANCIAL: Listing Price: $425,000 Original List Price: Unlock Price Change History: Unlock Annual Taxes: $4,848 Tax Year: 2018 Annual Insurance: $2,604 Annual Maintenance: $2,000 Total Expenses: Mortgage Calculator $14,931 Broker' Reciprocity Courtesy of Edina Realty, Inc. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Premier Realty North Suburban shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 02019 Regional Multiple Listing Service of Minnesota, Inc.. All rights reserved. RMLS - Minneapolis / St. Paul, MN IDX/VOW service by WolfNet Technologies. LLCM 2019 Terms of Use http://www.mlsfinder.com/mn_rmis/kwpmorthsuburban/index.cfm?action=printerfriendly&property_id=4999500[2/13/2019 10:57:00 AM] Real Estate For additional information, contact Keller Williams Premier Realty North Suburban Phone: (651) 379-1500 WUMAMS, Email: klrw378 w.com r k E ►r i t x Web LIRL: httn://kwprnorthsuburban.yourkwoffice.com/ 7087 Centerville Road, Centerville, MN 55038 Price: $1,850 Sq. Feet: 1951 Type: Commercial School District: Centennial County: Anoka MAPS: Go gle Listing# 5025933 Rice Creek j Chain of Lakes Park Reserve - Vx l Map data ©2019 Google 500 m L - - - - - - - - J Terms of Use Report a map error http://www.misfinder.com/mn_rmis/kwpmorthsuburban/index.cfm?action=printerfriendly&property_id=5025933[2/13/2019 11:12:49 ANI] Real Estate +' ` Mah Centerville c, e' n 0 n Lino Lakes 2 REMARKS 1,951 main floor feet available for lease. Currently used at catering/food service. Easy access to 35E @ main street & Centerville Road, great visibility and access. Owner owns hoods and walk-in freezer. Open space, recently remodeled. $1,850 month + utilities. Available 1/22/19. Also available for sale with 7085 Centerville Road, MLS #4999500. OVERVIEW: Property Type: Commercial Listing Status: Active Style: Apartments and Retail, Apartments/Multi Family Year Built: 1878 Sqft. Total: 1951 Acres: 0.26 Exterior: Stucco, Engineered Wood Air Conditioning: Window Heat Type: Forced Air, Baseboard Fuel: Natural Gas Lot Size Dimensions: 50x150 & 40x100 Water: Well Sewer: City Sewer/Connected Current Use: Food Service, Residential, Commercial FEATURES: Sale Includes: Building, Land, Leases SCHOOLS: School District: Centennial FINANCIAL: Listing Price: $1,850 Original List Price: Unlock Tax Year: 2018 Tenant Pays: Water/Sewer, Electric, Trash, Fuel Mortgage Calculator Broker - Reciprocity Courtesy of Edina Realty, Inc. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Premier Realty North Suburban shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. ©2019 Regional Multiple Listing Service of Minnesota, Inc.. All rights reserved. RMLS - Minneapolis / St. Paul, MN OX/VOW service by WolfNet Technolooies. LLC© 2019 Terms of Use http://www.misfinder.com/mn_rmis/kwpmorthsuburban/index.cfm?action—printerfriendly&property_id=5025933[2/13/2019 11:12:49 AM] Real Estate �.._KMM MUM P R E ►f I E R R L A I 'I P 7124 Progress Road, Centerville, MN 55038 Price: $850,000 Sq. Feet: 7622 m RMLSMN t For additional information, contact Keller Williams Premier Realty North Suburban Phone: (651) 379-1500 Email: klrw378 kw.com Web URL: htto://kwprnorthsuburban.yourkwoffice.com/ Type: Commercial School District: Centennial County: Anoka Listing# 5140356 http://www.mlsfinder.comlmn_rmisikwpmorthsuburbanlindex.cfm?action=printerfriendly&property_id=5140356[2/13/2019 11:00:01 AM] Real Estate MAPS: Map Satellite Rice. I V'f rt Creek Chain of Lakes Park Reserve Centerville MaiD a a n G© �� Lino Lakes 9 Map data ©2019 Google 500 m Terms of Use Report a map error REMARKS 14 unit apartment, twelve 1 br's & two 2 br's, New roof 2017, seller just spent 60k on new sewer lines, tenants pay electric, see supplement for financials OVERVIEW: Property Type: Commercial Listing Status: Active Style: Apartments/Multi Family Subdivision: Centerville Village Of Year Built: 1980 Sqft. Total: 7622 Acres: 0.56 Exterior: Stucco, Brick/Stone Roof: Pitched, Asphalt Shingles, Age 8 Years or Less Air Conditioning: Wall Heat Type: Hot Water Fuel: Natural Gas Lot Size Dimensions: 150x170 Lot Description: Tree Coverage - Light Water: Well Sewer: City Sewer- In Street Current Use: Residential FEATURES: Appliances: Range, Refrigerator Sale Includes: Building, Land, Leases SCHOOLS: School District: Centennial FINANCIAL: Listing Price: $850,000 Original List Price: Unlock Annual Taxes: $9,461 Tax Year: 2018 Tenant Pays: Mortgage Calculator Electric .h Broker' Reciprocity Courtesy of Inside Track Realty http://www.mlsfinder.com/mn_rmis/kwpmorthsuburban/index.cfm?action—printer£riendly&property_id=5140356[2/13/2019 11:00:01 AM] HRA City Balances As of December 31, 2018 Bethel $ 5,812.37 Nowthen (Burns Twp) $ 710,377.78 Centerville $ 397,923.28 Columbia Heights $ 668,450.12 Columbus $ 135,302.61 Ham Lake $ 2,809,358.26 Hilltop $ 67,085.58 Lexington $ 204,533.61 Linwood Twp $ 910,318.08 Oak Grove $ 138,829.54 Ramsey $ 1,175,004.50 Spring Lk Pk (18,130.94) St. Francis $ 45,784.51 Anoka County Admin $ 1,451,289.56 MFHA $ 119,490.67 TOTAL HRA $ 8,821,429.53 negative balance C:\Users\mstatz\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\GM7B7LG7\City Balances - historicalSummary 2/13/2019 Preliminary for Discussion Purposes Only City of Centerville Tax Increment Financing District No. 1-8 (Redevelopment) Tax Increment Financing (TIF) Scenarios Notes/Assumptions for Scenarios: 1. TIF estimates are after deducting State Auditor fee of 0.36% of tax increment collected. 2. TIF estimates assume taxable market value (TMV) annual growth of 0.50% over life of TIF District. 3. Original tax capacity rate for calculating TIF is based on rates as of Payable Year 2018. 4. Assumes election for captured tax capacity is 100.00% 5. Base Tax Capacity is calculated based on a TMV = $6,641,730. 6. Present value is calculated based on semi-annual payments, 4.0% rate, and date of 6/1/2019. 7. TMV for calculating TIF includes value of existing property based on assumed growth assumption plus new housing project based on the different Scenarios. 8. Election for fiscal disparities (FD) contribution of commercial tax capacity to be paid from TIF District. 9. Maximum duration of 26 years is assumed for each of the Scenarios. 10. Annual TIF Revenue is representative of the first year of tax increment collection only. Centerville TIF 1-8 Preliminary .- Ik. NORTHLAND ��..u, PUBLIC FINANCE 2/11/2019 2019 HOME and CDBG Applications RECEIVED As of: 2/6/19 Total HOME Grant*: $638,283 ESTIMATED grant amount based on 2018 funds received *15% of HOME funds ($95,742.52) must be allocated to a CHDO (Community Housing Development Organization) No Applicant - Activity Project Type Requested Recommendations Staff HRA Board -- Admin AC: $47,871 + DC: $15,957 Program Admin $63,828 $63,828 1 Central Avenue Housing, LLC: Affordable Housing Project in CH Rehab $300,000 0 2 TC Habitat for Humanity: 2019 Scattered Site Acquire & Rehab Acquire/Rehab $100,000 $100,000 -- Unallocated: CHDO Set Aside - $95,742 CHDO -- Unallocated: HOME Funds - $378,713 TBD 2 Applications plus Admin & Unallocated Funds HOME Totals: $559,570 $163,828 $ Total CDBG Grant: $1,641,723 ESTIMATED grant amount based on 2018 funds received Type No Applicant - Activity Requested Recommendations Staff HRA Board Admin + _ Anoka County: Admin $319,345 $319,345 Planning _ Anoka County: Fair Housing Activities $9,000 $9,000 Admin-Planning Totals $328,345 $328,345 $ 1 ACCAP: Manufactured Home Remove and Replace $200,000 ? 2 Accessible Space, Inc.: Rehab 3 group homes 1-Blaine & 2-Coon Rapids) $105,500 $105,500 3 City of Andover: Water Connection Assistance $105,000 ? Projects (6) 4 City of Centerville: Downtown Municipal Water Improvements $385,250 ? 5 City of Columbia Heights: Environmental cleanup at Rootproperty $108,475 ? 6 The Dwelling Place: Sand 's Place - roofing and siding $19,500 $19,500 -- Unallocated CDBG Project Funds ? Project Totals $923,725 $1,067,120 est. available 7 ACCAP: Chores and More Program $20,000 $20,000 8 ACCAP: Senior Companion/Kinship Program $100,780.50 Withdrew 9 Alexandra House, Inc.: 1 Emergency Shelter Advocate (salary/benefits) $35,700 0 10 Anoka -Ramsey Community College: Random Acts of Kindness Grants $30,000 $15,000 11 Apple Tree Dental: Capital Equipment for Dental Access $40,000 $26,000 12 Cars for Neighbors: Car Repair and Car Donation to low-income clients $40,000 $30,000 13 City of Ham Lake: Purchase Senior Center Mini -Bus $38,500 $33,258 14 Hearts & Hammers: Home rehab countywide $10,000 $10,000 15 HOPE 4 Youth: Expand Opening Doors Program $35,000 0 Public Services 16 Impact Services: Meals on Wheels (3 agencies) $40,000 $30,000 (19) 17 Lee Carlson Center: Purchase of Van $47,788 0 18 North Metro Pediatrics: Salary- Care Coordinator & Pediatric Nurse $49,840 0 19 North Suburban Counseling Center: Certified Medical Assistant $10,000 $10,000 20 Nucleus Clinic: Staff salary and supplies $65,780 $27,000 21 SACA: Purchase food, utilities for facility & portion of salary $30,000 $15,000 22 Stepping Stone EH: Salary for new Long -Term Homeless staff person $20,000 0 23 The Dwelling Place: Alumni Program $21,560 0 24 The Salvation Army: Food Shelf $15,000 $15,000 25 Youthway Ministries: Expand Mobile Manna Market $18,300 $15,000 Public Service Totals: $668,248.50 $246,258 $ 25 Applications + Admin & Fair Housing & Rehab CDBG Grand Totals: $1,920,318.50 $1,641,723 $ TOTAL CDBG Available (estimated): 2019 Project $1,067,120 12019 Public Service $246,258 CDBG & HOME Investment Partnerships Program I Anoka County, MN - Official Website Anoka County J I MIINNESOTA Search... Respectful, Innovative, Fiscally Responsible Departments) County Administration) Community & Governmental Relations) Community Development) Grant Programs> CDBG & HOME Programs CDBG & HOME Investment Partnerships Program The Community Development Block Grant (CDBG) program is the federal government's primary program for promoting community revitalization. CDBG provides annual grants on a formula basis to Anoka County. The CDBG program has three national objectives: o Benefit low and moderate income persons o Aid in the prevention or elimination of slums or blight o Meet community needs that present a serious or immediate threat to the health or welfare of the community The HOME Investment Partnerships Program (HOME) provides formula grants to localities to fund a wide range of activities including building, https://www.anokacounty.us/132/CDBG-HOME-Programs[2/13/2019 5:09:40 PM] CDBG & HOME Investment Partnerships Program I Anoka County, MN - Official Website buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people. HOME is the largest Federal block grant to state and local governments designed exclusively to create affordable housing for low-income households. HOME program funds are awarded annually as formula grants to participating jurisdictions.The program's flexibility allows local governments to use HOME funds for grants, direct loans or loan guarantees. The program was designed to reinforce several important values and principles of community development: o HOME's flexibility empowers people and communities to design and implement strategies tailored to their own needs and priorities. o HOME's emphasis on consolidated planning expands and strengthens partnerships among all levels of government and the private sector in the development of affordable housing. o HOME's technical assistance activities and set -aside for qualified community -based nonprofit housing groups builds the capacity of these partners. o HOME's requirement that participating jurisdictions match 25 cents of every dollar in program funds mobilizes community resources in support of affordable housing. Related Documents CDBG/HOME Program Forms o Contractor Subcontractor Certification (PDF1 o Payroll Form (PDF) o Typical Calendar Year for Community Development Department (PDF) o CDBG Public Services Disbursement Request 2018 • CDBG Project Disbursement Request 2018 • HOME Resale -Recapture Policy https://www.anokaeounty.us/132/CDBG-HOME-Programs[2/13/2019 5:09:40 PM]