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Home My WebLink About2023-10-17 EDA Packet CITY OF CENTERVILLE ECONOMIC DEVELOPMENT AUTHORITY ЋΑǣ MEETING AGENDA Tuesday, October 17, 2023 6:30 p.m. MEETING WILL BE IN PERSON LIVE-STREAMED AT: https://northmetrotv.com/centerville-stream/ MEETING I. CALL TO ORDER II. ROLL CALL III. APPROVAL OF AGENDA 1. Call for Changes to the Agenda IV. APPROVAL OF MINUTES 1. September 20, 2023 EDA Meeting Minutes V. BILLS AND COMMUNICATIONS 1. Bills Check List 2. Communications a. None VI. PRESENTATION 1. Resolution Honoring the Service of Steven King VII. REPORTS 1. Partner Agency Reports a. Anoka County Regional Economic Development (ACRED) b. Quad Area Chamber of Commerce c. Hugo Area Business Association 2. Year to Date Financials 3. Ongoing Programs: a. Blue Logo Sign b. Center Stage c. Business Revolving Loan and Grant Program 4. AdministratorÓs Report VIII. OLD BUSINESS 1. Business Appreciation 2. Priorities from Downtown Redevelopment Market Study IX. NEW BUSINESS 1. Reports to the EDA 2. Goals & Priorities for 2024 3. Annual Report to City Council 4. December 20 EDA Meeting X. ADJOURNMENT INFORMATIONAL MATERIALS Presentation to Council on Tax Increment Financing (TIF) MEETING REMINDERS All Meetings at 6:30 PM unless otherwise noted City Council Work Session Î Wednesday, October 25, 2023 at 5:00PM City Council Meeting Î Wednesday, October 25, 2023 Parks and Recreation Committee Î Wednesday, November 1, 2023 Planning and Zoning Commission Î Tuesday, November 7, 2023 Economic Development Authority Î Wednesday, November 15, 2023 Business Appreciation Event Î November 6, 2023 Anoka County Regional Economic Development Authority Meetings Anoka County Regional Economic Development o MNCAR Expo Î Wednesday October 25, 2023 from 3:00PM-7:00PM -The Depot in Minneapolis Quad Area Chamber of Commerce Meetings Board of Directors Meeting Î Thursday, November 9, 2023 (12:00 PM via Zoom) Lunch and Learn Î October 18, 2023 from 11:30AM-1:00PM ÎCentennial Library CITY OF CENTERVILLE ECONOMIC DEVELOPMENT AUTHORITY WORK SESSION & MEETING MINUTES September 20, 2023 6:30 p.m. Pursuant to due call and notice thereof, the City of Centerville held a regularly scheduled Economic Development Authority meeting on September 20, 2023. MEETING NOT APPROVED I. CALL TO ORDER The meeting was called to order at approximately 6:30 p.m. by President Remillard. II. ROLL CALL President Remillard called the roll. PRESENT: President Mark Remillard Vice-President Chris Swenson Commissioner Darrin Mosher Commissioner Tony Smith STAFF: Assistant City Administrator/EDA Executive Director, Athanasia Lewis ABSENT: None VACANCY: One III. APPROVAL OF AGENDA 1. Call for Changes to the Agenda There were a couple of changes to the agenda. The presentation honoring Steve King was rescheduled for next month, and discussion on the October EDA meeting date was added under New Business item 2. Motion by Commissioner Mosher, seconded by President Remillard to approve the revised agenda. All in favor. Motion carried. IV. APPROVAL OF MINUTES The minutes were approved as presented. City of Centerville EDA Meeting Minutes September 20, 2023 Motion by Commissioner Mosher and seconded by Commissioner Swenson to approve the August 16, 2023, meeting minutes. All in favor. Motion carried. V. BILLS AND COMMUNICATIONS 1. Bills a. Check List Executive Director Lewis reviewed the bills as presented in the packet. Motion by Commissioner Swenson and seconded by Commissioner Smith to approve the bills. All in favor. Motion carried. 2. Communications a. None VI. PRESENTATION a. None VII. REPORTS 1. Partner Agency Reports a. Anoka County Regional Economic Development (ACRED) Executive Director Lewis reviewed the report as presented in the packet. 2. Year to Date Financials Executive Director Lewis introduced the financial report as presented in the packet. Motion by Commissioner Smith and seconded by Commissioner Swenson to approve the financial statement as presented. All in favor. Motion carried. 3. Ongoing Programs: Executive Director Lewis reviewed the Ongoing Programs report as presented in the packet. 4. AdministratorÓs Report Executive Director Lewis reviewed the AdministratorÓs Report as presented in the packet. VIII. OLD BUSINESS 1. Revolving Loan and Grant Program Guidelines Executive Director Lewis introduced this item as presented in the packet. Discussion ensued about the revisions to the guidelines, and the EDA approved the proposed revisions, expanding the program to include local businesses and non-residential real estate owners. Since the EDA approved these revisions at their last meeting, and there were not any further revisions, no motion was needed. 2 City of Centerville EDA Meeting Minutes September 20, 2023 2. Business Appreciation Event Executive Director Lewis introduced this item as presented in the packet. Discussion ensued about event logistics. The EDA approved a budget of up to $1,500 for the event to cover the cost of food, prizes, and promotional item(s) to handout at the event. Motion by President Remillard and seconded by Commissioner Mosher to approve a budget of up to $1,500 for the business appreciation event. All in favor. Motion carried. IX. NEW BUSINESS 1. Trunk or Treat Executive Director Lewis introduced this item as presented in the packet. Discussion ensued about ways to support this event. There was no consensus among board members, and two motions failed due to no second. The EDA concluded that donating funds toward items for the event falls outside of the scope and mission of the EDA. Motion by Commissioner Swenson to participate in the Trunk or Treat event by having a trunk at the event. Motion failed due to lack of a second. Motion by Commissioner Mosher to donate $200 toward face painting and/or a balloon artist and $400 to participate in the event by decorating a trunk. Motion failed due to lack of a second. 2. October EDA Meeting Executive Director Lewis introduced this item as presented in the packet. Discussion ensued and th the EDA moved their meeting to October 17 since President Remillard will be out of town on th October 18. Motion by Commissioner Swenson, seconded by President Remillard to move the October 18th EDA meeting to October 17th. All in favor. Motion carried. X. ADJOURNMENT Motion by Commissioner Swenson, seconded by Commissioner Smith to adjourn the September 20, 2023, Economic Development Authority meeting at 8:14 p.m. All in favor. Motion carried. 3 10/12/23 10:57 AM CITY OF CENTERVILLE Page 1 *Check Detail Register© Batch: 101723PAYEDA Check #Check DateVendor NameAmountCommentInvoice 10350 EDA-MIDWESTONE BANK 10/13/23 21 eIRS/EFTPS G 201-21703FICA Tax Withholding$68.88FICA/MED W/H - PAY PERIOD 3RD QTR Total $68.88 10/17/23 10614IMPRINT E 201-46500-210Operating Supplies25972879$403.62CUSTOM ACCENT STAINLESS TRAVEL MUG Total $403.62 10/17/23 1062MAIN STREET MARKETERS E 201-46500-340Advertising & Printing1665$350.00GRAPHIC DESIGNS - CENTER STAGE ADS Total $350.00 $822.50 10350 Fund Summary 10350 EDA-MIDWESTONE BANK 201 ECONOMIC DEVELOPMENT FUND$822.50 $822.50 THEECONOMICDEVELOPMENTAUTHORITY OFTHECITYOFCENTERVILLE,MINNESOTA RESOLUTION#2023007 RESOLUTIONHONORINGTHESERVICEOFEDAMEMBERSTEVKING. WHEREAS,onAugust20,2023,StevenDouglasKing,asingCityCouncilMemberoftheCityof Centerville,Minnesota,passedawayathishomeindowntownCenterville,withhiswifebyhisside WHEREAS,SteveservedtyearsontheCityCouncil;and WHEREAS,throughhistenure,Steveservedasaliaisontoseveralcityboardsandcommissions;and WHEREAS,was ŋ rstappointedtotheEDACommissiononAugust27,2018;and WHEREAS,hasprovidedexcellentleadership,demonstratediniaveandperseverancethrougha periodofdicultdecisionmakingmesofgreatchange;and, WHEREAS,wasagreatleaderthatwasrespectedbyhisfellowmembers,citystaandelected ocials;and WHEREAS,theEDArecognizesthatwhenanindividualserves,soservestheirfamily,andthe EDArecognizesandacknowledgestheirsacri ŋ ces;and NOW,THEREFORE,BEITRESOLVEDBYTHEECONOMICDEVELOPMENTAUTORITYOFCENTERVILLE, MINNESOTA, th ADOPTEDbytheEconomicDevelopmentAuthorityoftheCityofCentervillethisdayofber 2023. Aest: _________________________________________________ AthanasiaLewis,ExecuveDirectorMarkRemillard,President CITY OF CENTERVILLE REQUEST FOR ACTION Agenda Item # Department: RequestedMeetingDate: October 17, 2023 Administration/EDA VII.1 TITLE OF ISSUE: Partner Agency Report BACKGROUND AND SUPPLEMENTAL INFORMATION: - UpRiver Real Estate Event is coming up in just a few short weeks. - There is a Lunch & Learn on 10/18 from 11:30am-1:00p.m. at the Centennial Library. The speaker will talk about mental health. There is also a Nosh & Networking event on 10/26 from 4:00p.m.-7:00p.m at Waldoch Farm in Lino Lakes. - No Report COST AND SOURCE(S) OF FUNDING: None REQUESTED ACTION: Update only. For ClerkÓs Use: SUPPORTED DOCUMENTS ATTACHED Motion By: ____________________________________ Resolution Ordinance Contract Minutes Plan Map Second By: ____________________________________ Vote Record: AyeNay ____ Other (specify) _____ _______________________________________________________________ _____ _____ _______________________________________________________________ _____ Refer to: _________________________________ Tabled Until: ______________________________ Consent Other: ___________________________________ Regular Economic Development Authority Monthly Financial Report Month Ended September 30, 2023 % of year 75.00% MTDYTDBudgetVariance% Budget 9/30/202320232023+(-)Used Revenues: 201-46500-39201 Transfers In -$ 36,600$ $ 36,600$ -$ 1 201-46500-39500 Use of Fund Balance -$ 20,500$ $ 20,500$ -$ 1 201-46500-36210 Interest Earnings143$ 353$ $ - 201-46500-36270 Miscellaneous-$ -$ $ -$ - 201-46500-36270 Refunds/Reimburseme-$ 150$ $ -$ 150 Total Revenues143$ 57,603 $ 57,100$ -100.88% Expenditures: 201-46500-100 Wages and Salaries-$ 900 $ 2,400$ 1,50037.50% 201-46500-122 FICA-$ 69 $ 200$ 13134.44% 201-46500-210 Operating Supplies-$ - $ 3,000$ 3,0000.00% 201-46500-300 Professional Srvs **-$ 20,500 $ 23,500$ 3,00087.23% 201-46500-303 Engineering Fees-$ - $ 6,000$ 6,0000.00% 201-46500-304 Legal Fees409 $ -$ (409) 201-46500-331 Travel Expense-$ - $ 100$ 1000.00% 201-46500-340 Advertising & Printing-$ 600 $ 15,400$ 14,8003.90% 201-46500-343 Marketing-$ - $ 2,500$ 2,5000.00% 201-46500-378 EDA Reserve Funds-$ - $ -$ - 201-46500-377 Appreciation/Events-$ - $ 1,300$ 1,3000.00% 201-46500-430 Miscellaneous-$ 405 $ 100$ (305)404.60% 201-46500-433 Dues and Subscriptions-$ 693 $ 1,100$ 40763.00% 201-46500-441 Conf. & Schooling30$ 270 $ 1,500$ 1,23018.00% 201-46500-810 Refunds & Reimb.-$ 742 $ -$ (742) Total Expenditures30$ 24,587 $ 57,100$ 32,51343.06% NET REVENUE/EXPENDITURES113$ 33,016 $ -$ (32,513) Fund Balance, January 1 less Usage 24,439 Fund Balance, Current57,455 10/04/23 11:05 AM CITY OF CENTERVILLE Page 1 *Check Reconciliation© EDA-MIDWESTONE BANK 10350 EDA SEPTEMBER 2023 Account Summary Beginning Balance on9/1/2023$57,342.49 Cleared $57,485.05 + Receipts/Deposits$142.56 Statement$57,485.05 - Payments (Checks and Withdrawals) $0.00 Difference$0.00 $57,485.05 Ending Balance as of 9/28/2023 Cash Balance Beginng Balance Active101-10350 General Fund$0.00$57,342.49 + Total Deposits Active201-10350 ECONOMIC DEVELOPMENT FUND$57,455.05$142.56 - Checks Written $30.00 Cash Balance $57,455.05 Check Book Balance $57,455.05 Difference$0.00 10/04/23 11:05 AM CITY OF CENTERVILLE Page 2 *Check Reconciliation© EDA-MIDWESTONE BANK 10350 EDA ClearedAmountPartially Cleared Check NbrVendor NameCheck DateAmount This MonthNot ClearedLast Month Deposit 092923eda interest10/4/2023-($142.56)-($142.56) 001060 HUGO BUSINESS ASSOCIATION9/20/2023$30.00$30.00-- Receipts/Deposits($142.56)($142.56)$0.00$0.00 Payments/Withdrawal $30.00$0.00$30.00$0.00 ($142.56) Total Deposits $30.00 Total Checks Written *Next month items not included in Total Deposits & Checks Written (Outstanding + Cleared CITY OF CENTERVILLE REQUEST FOR ACTION Agenda Item # Department: RequestedMeetingDate: October 17, 2023 Administration/EDA VII.3 TITLE OF ISSUE: Ongoing Programs BACKGROUND AND SUPPLEMENTAL INFORMATION: Blue Logo Sign - Kelly's is completing their renewal paperwork and will submit a receipt for partial reimbursement soon. Center Stage - No activity. However an activity tracker is included in the packet under New Business item IX. 1 Activity Tracker. Business Revolving Loan and Grant Program - No activity. COST AND SOURCE(S) OF FUNDING: None REQUESTED ACTION: Update only. For ClerkÓs Use: SUPPORTED DOCUMENTS ATTACHED Motion By: ____________________________________ Resolution Ordinance Contract Minutes Plan Map Second By: ____________________________________ Vote Record: AyeNay ____ Other (specify) ____________ _____ _______________________________________________________________ _____ _____ _______________________________________________________________ _____ Refer to: _________________________________ Tabled Until: ______________________________ Consent Other: ___________________________________ Regular AdministratorÓs Report October 11, 2023 COMMUNITY ENGAGEMENT Fall 2023 MayorÓs Minutes: Centerville Podcast Centerville Podcast is up and running! You can find links to the various podcasting platforms carrying the show here: https://northmetrotv.com/centervillepodcast/. ADMINISTRATION Meeting and City Hall Schedule October 25, 2023, 5:00 p.m. Î City Council Work Session October 25, 2023, 6:30 p.m. Î City Council Regular Meeting November 1, 2023, 6:30 p.m. Î Parks & Recreation Committee November 7, 2023, 6:30 p.m. Î Planning & Zoning Commission November 15, 2023,6:30 p.m. Î Economic Development Authority VOLUNTEER OPPORTUNITIES City Council Î Open Seat With the passing of Mr. King, there is an open seat on the City Council. The City Council declared a th vacancy at their September 27 meeting and the city is accepting applications through October 20 at noon. The appointment will fill the remainder of Mr. KingÓs term, which runs through January of 2025. Typically, the City Council will interview interested candidates and then make an appointment to fill the seat. There will not be a special election. Open Board Positions Please call city hall at 651-429-3232 with any questions you may have regarding the following openings. If you are interested in applying, scan the QR Code to the right or visit the CityÓs website for an application. City Council Î 1 Open Seat (Filling the remaining term through January 2025) ndth o 2 & 4 Wednesdays of the month at 6:30 p.m. Parks & Recreation Committee Î 1 Open Seat st o 1 Wednesday of the month at 6:30 p.m. Planning & Zoning Commission Î 2 Open Seats o 1st Tuesday of the month at 6:30 p.m. CENTERVILLE CARES Fire Prevention October 8-14 is Fire Prevention Week, and this yearÓs theme is preventing cooking fires. A few tips to prevent cooking fires: 1. Never leave your stove unattended while cooking. 2. Keep your cooking area free of combustible materials. 3. Create a kid-free zone. 4. Turn pot handles toward the back of the stove. 5. Keep a fire extinguisher nearby. 6. Keep cooking equipment clean. 7. Wear short, close-fitting, or tightly rolled sleeves. To learn more about fire prevention, click here. th As part of Fire Prevention Week, Centennial Fire District is holding an open house on October 14 from 5:00p.m.-8:00p.m. at Fire Station 1 in Circle Pines and Fire Station 3 in Centerville (attached to City Hall). Please drop by for a tour at one our fire stations. ENGINEERING th 20 Avenue (CSAH 54) Corridor Study After hosting several public input meetings and gathering comments online, the engineering and planning team will spend the next few months laying out various geometric options for the corridor. The team will meet with local and county government staff to help guide the design with a goal of presenting layout options to the public in early 2024. To directly contact the study team: Anoka County Project Manager: Jack Forslund, Transportation Planner jack.forslund@co.anoka.mn.us or (763) 324-3179 TC2 Contact: Matt Pacyna, PE, Principal mpacyna@transportationcollaborative.com or (612) 464-3800 PARKS & RECREATION New Bike Repair Station Please email: info@centervillemn.com if you have utilized the newly installed bike repair station at Laurie LaMotte Memorial Park. We would love to report its usage to Anoka County as the City received funding for its installation from the MN Department of HealthÓs Statewide Health Improvement Partnership. nd 2 Annual Trunk or Treat & Halloween Hustle 5K The Committee is again planning this event, in collaboration with the Centennial Community Education Department and Centennial Alumni Assoc. The event will be takeing place on Saturday, October 28, 2023, from 9:30 a.m. Î 11:30 a.m. Public Safety (PD/FD), a City Snowplow and M-Health Fairview Ambulance will be on hand with their vehicles, adding Touch-a-Truck to the event. Facepainting by Linda will also be onsite and is free. To register for the 5K, click here. Check-in is @ 8:45 a.m., run @ 9:00 a.m. To register for a booth at the Trunk or Treat event, click here, Please attend so that you can enter a contest for naming one of the CityÓs snowplow. Entries will be drawn from on February 9, 2024 at their Skate/Sled Event held at Laurie LaMotte Memorial Park. ECONOMIC DEVELOPMENT Quad Area Chamber Calendar October 12, 2023 Î Monthly Board Meeting Î12:00PM - 1:00PM Online October 18, 2023 Î Lunch & Learn Î11:30AM -1:00PM Î Centennial Library October 26, 2023 Nosh & Networking Î 4:00PM-7:00 PM Î Waldoch Farm in Lino Lakes November 9, 2023 Î Monthly Board Meeting Î12:00PM - 1:00PM Online Anoka County Regional Economic Development ACRED is planning itÓs annual UpRiver Event, featuring speakers and panelists from the real estate industry to talk about emerging trends in the region. The event is tentatively scheduled for December 5 from 8 AM to noon. Stay tuned for updates. PUBLIC WORKS No Parking Areas With the recent action by the City Council to designate some no parking areas on some of the cityÓs streets in downtown and its industrial areas, they also reaffirmed previously established no parking areas along Main Street and other county roads. The county will be making an effort to add signage to these areas to allow for proper enforcement. Sidewalk Repairs The cityÓs contractor has now completed fixing all of the broken sidewalk panels. Restoration work continues. Water Tower Repairs The cityÓs contractor has finished spot repairs to the water towerÓs coating system (paint). Consulting engineers, KLM, will be performing some tests on the paint in the coming weeks to help understand the scope and timing of a repaint will look like. Public Works Truck Replacements Public Works Director, Paul Palzer spoke with the Chevy Dealer who represents the state bid for their trucks and was able to place our order for the three trucks identified in our Capital Replacement Plan. There is, however, talk of a labor union strike which could affect the order and/or delivery timeframe. Anoka County Park Reserve Road Reconstruction County Parks staff has inquired about the possibility of using Mound Trail as a detour route for park-goers while the road into the park is reconstructed. The CountyÓs Engineering consultant is estimating a savings of over $50,000 to use this route. City staff have been working with county staff and consultants on restrictions for the length of time the detour could be in place and to ensure there is no damage to Mound Trail. The council will consider whether City Hall Parking Lot Lighting Staff met with the contractor, engineer and public works director to go over installation details and scheduling. Materials are now being ordered and could take up to 6 weeks for delivery. In the meantime, the contractor will be on site to install the concrete bases, conduits and other preliminary items. Centerville Lake Water Quality Project The Rice Creek Watershed District, in cooperation with Anoka Conservation district, the cities of Centerville and Lino Lakes, Anoka County Parks and the Centerville Lake HomeownerÓs Association has submitted a grant application for nearly $1,000,000 to help fund a water quality project for Centerville Lake. The recommended approach to the project is to treat the lake with Alum; a chemical which binds to the phosphorus in the lake, enabling it to settle to the bottom. CENTENNIAL LAKES POLICE DEPARTMENT Police Governing Board The Centennial Lakes Police Governing Board has scheduled a special meeting for October 9 at 7 PM to be held at the CLPD headquarters. The purpose of the meeting will be to review the proposed funding formula change. The three cities believe there is a tentative agreement on the formula that will be adopted by the Governing Board and subsequently each of the three cities. Once that is in place, we also believe that all member cities will adopt the approved budget, leading to a smooth transition into 2022. CENTENNIAL FIRE DISTRICT WeÓre Hiring WeÓre hiring! Click here for more info, or to apply: https://www.centennialfire.org/services-2. Station 3 Remodel The remodel of the stationÓs office, kitchen and meeting space is now complete! The crews have enjoyed their new training room. COMMUNITY DEVELOPMENT Block 7 Property (Downtown) Kennedy Property Development The City Council reviewed a request from Kennedy Property Development (KPD) for the development of Block 7, with row-style townhomes, similar to those proposed by Centra Homes. Their proposal included some additional requests for city fee reductions, beyond what previous proposals have sought. The Council has asked staff to continue negotiations with the developer and work towards a formal proposal. 1737 Main Street (Block 3) City staff has been working with our realtor to find other potential buyers for the property. There are no current proposals. 7087 Centerville Road Î Connor James Salon (Block 8) The property owner updated city staff on the plan to complete the required fencing and minor landscaping behind the building. Both are on track to be completed this season. 1687 Westview Street (LaLonde Property) The owner of the site has chosen a developer to work with on a proposed redevelopment project for the site. Ebert Companies is a builder and developer, based in the western suburbs of the Twin Cities and has experience building multi-family complexes in suburban and rural settings. They are gearing up for a presentation to the City Council on October 25. Staff has engaged with our TIF consultant to look at the preliminary feasibility of using TIF on this proposed project and to get an idea of how much increment could be provided, if necessary. stnd Old Mill Estates 1 and 2 Additions Close-out of the developmentÓs Rice Creek Watershed District Permit is the main remaining item which needs to be addressed before we can look at closing out the development escrow. Centerville Storage The facility is now open for business. The developer has completed drainage corrections along the north side of the facility and will continue to work on watershed permit close-out. Bay View Villas (Waterworks Site) The developerÓs landscaping crew has begun work near the dock access area. Watershed permit closure is also required, prior to release of the development securities. Rehbein Commercial Developer securities have been received by the city for 35% of the initial project costs and will be held through the 2-year warranty period, which will end in 2024. The contractor has made recent efforts to establish turf in the boulevards of the development and is working towards a close-out of their Rice Creek Watershed District permit. Kwik Trip Work is complete. We are working with the developer to close out the project. Rehbein Industrial Developer securities have been received by the city for 35% of the initial project costs and will be held through the 2-year warranty period, which will end in 2024. Max Storage (Fairview Street) The city and developer were able to work through some HVAC issues and construction on the building contuse with exterior block work and internal plumbing and electrical. Amazon Fulfillment Center The facility is now up and running and is building towards full capacity operations. FEMA has been working directly with the consultant on final issues related to the floodplain modeling. We anticipate approval of the floodplain impacts shortly. Once FEMA approves of the proposed impacts, there will be some administrative steps necessary to complete the process. Development Inquiries Townhome developer interested in Block 7 property. COMMUNITY ENGAGEMENT (September 2023) Citizen Feedback Already making use of new bike repair station installed at LaMotte Park Web Site (Featured News) (XXX Unique Visitors, XXX Total Visits) Centerville Cares Corridor Study Council Vacancy LMC City of Excellence Award Reader Board (11,000+ cars/day) Committee/Commission Vacancy Announcement Meeting Schedules Movie in the Park Social Media (547 Twitter; 745 FB Followers) (2056/3107 Total Impressions) City Accounts (545 Twitter; 755 FB Followers) o 9/1 Connor James Salon Ribbon Cutting (XXX/1980) o 9/6 Event: Movie in the Park (XXX/4 went; 42 Interested) o 9/6 Event: Trunk or Treat (XXX/16 going; 159 Interested) o 9/7 Repost: Anoka Couty SheriffÓs Department Open House (1274/XXX) o 9/14 Scouts Î History Niche (XXX/441) o 9/21 Repost: NMTV City Meeting Podcast Announcement (240/280) o 9/25 P&Z and EDA meeting date changes (123/185) o 9/28 City Council Vacancy (419/Not Avail.) Website (August) 3.1k users o 1.5k new o 1.6k returning 4.7k page views Community Email List (252 email addresses) 9/13 & 9/27 Upcoming CC Agenda, Admin. Report & Newsletter Business Email List (60 email addresses) 9/12 MN DEED Webinar for manufacturers in Federal Trade Zone 9/27 Business Appreciation NMTV Centerville Streaming Page (5 meetings) (155 total views) 99 Live Stream views of our City Meetings 28 Video On-Demand views of our City Meetings 28 Video On-Demand views of older meetings CITY OF CENTERVILLE REQUEST FOR ACTION Agenda Item # Department: RequestedMeetingDate: October 17, 2023 Administration/EDA VIII.1 TITLE OF ISSUE: Business Appreciation BACKGROUND AND SUPPLEMENTAL INFORMATION: The annual business appreciation event has been scheduled for November 6th at 5:30pm at Kelly's. See the attached brochure for additional information. COST AND SOURCE(S) OF FUNDING: REQUESTED ACTION: Discussion only. For ClerkÓs Use: SUPPORTED DOCUMENTS ATTACHED Motion By: ____________________________________ Resolution Ordinance Contract Minutes Plan Map Second By: ____________________________________ Vote Record: AyeNay ____ Other (specify) _____ __________ _____ _____ _______________________________________________________________ _____ _______________________________________________________________ Refer to: _________________________________ Tabled Until: ______________________________ Consent Other: ___________________________________ Regular Annual Business Appreciaton Event ANNUAL BUSINESS , 202 APPRECIATON :0 p.m. Ï 7:0 p.m. EVENT Event Highlights: Keynote Speaker Opportunity for Networking Chance to win You will also have an opportunity to network with your peers, talk prize with members of the cityÔs Economic Development Authority, Catered meal by and staff. There will also be a drawing for an opportunity to win prize Dinner will be catered by , so staff will need to know how many people plan on attending. RSVP to alewis@centervillemn.com on or before r rd 23. Thank you for choosing Centerville! Event Sponsored by the City of CentervilleÔs Economic Development Authority CITY OF CENTERVILLE REQUEST FOR ACTION Agenda Item # Department: RequestedMeetingDate: October 17, 2023 Administration/EDA VIII.2 TITLE OF ISSUE: Priorities from Downtown Redevelopment Market Study BACKGROUND AND SUPPLEMENTAL INFORMATION: The EDA has been focusing on three priorities from the Downtown Redevelopment Market study: 1.Incubator spaces to support small business downtown. 2. Leveraging local economic development tools, state and federal grants and loans, and other resources for development projects. 3. Pursuing retail concepts that would be most likely to have success in downtown Centerville, and prioritizing retail development on Main Street versus Centerville Road. Staff will provide an update on development activity in the downtown on the Block 7 and LaLonde sites. Staff will also discuss 1737 Main Street opportunities. Staff would like the EDA to consider recommending that the Planning Commission and or City Council review priorities that align withtheir scope(s) of work. Staff would also like the EDA to consider paying for the creation of marketing materials the city and EDA programsat signature marketing events and on the website. COST AND SOURCE(S) OF FUNDING: TBD REQUESTED ACTION: Motion: to recommend X Priority be reviewed by X board or commission. Motion: to authorize staff to work with a consultant on the creation of marketing materials in an amount not to exceed X dollars. For ClerkÓs Use: SUPPORTED DOCUMENTS ATTACHED Motion By: ____________________________________ Resolution Ordinance Contract Minutes Plan Map Second By: ____________________________________ Vote Record: AyeNay ____ Excerpt from Market Study Other (specify) ____________ _____ Marketing handout on EDA programs _______________________________________________________________ _____ _____ _______________________________________________________________ _____ Refer to: _________________________________ Tabled Until: ______________________________ Consent Other: ___________________________________ Regular Market Analysis for Downtown Redevelopment City of Centerville Economic Development Authority April 3, 2023 Executive Summary &®±ȃ3 «¤ #®£®¬¨¨´¬² £ 4®¶§®¬¤² Purpose ®³ 2¤³ « (®´²¨¦ Residential Demand Estimates Page | 3 Market Analysis for Downtown Redevelopment City of Centerville Economic Development Authority April 3, 2023 Condominium and Townhome Demand for Downtown Centerville, 2022-2027 Estimated Base PriceEstimated Demand (Units) Market-Rate For-Sale Units Households with incomes of $100,000 or higher$350,000-$450,00045-90 Source: LOCi Consulting LLC Rental Housing Demand for Downtown Centerville, 2022-2027 Estimated RentsEstimated Demand (Units) Affordable Rental Housing Units Up to 50% AMI$0-$1,32040-50 50% to 60% AMI$1,320-$1,58475-90 Market-Rate Rental UnitsGreater than $1,58475-100 * AMI is Area Median Income. Incomes shown in demand figures. Source: LOCi Consulting LLC Senior Housing Demand for Downtown Centerville, 2022-2027 Estimated Demand (Units) Market-Rate Active Adult For-Sale Senior Housing40-50 Rental Senior Housing10-20 Market-Rate Independent Living/Congregate25-35 Market-Rate Assisted Living Assisted Living0-0 Memory Care10-20 Source: LOCi Consulting LLC Page | 4 Market Analysis for Downtown Redevelopment City of Centerville Economic Development Authority April 3, 2023 Retail Space Demand Estimates 3¤¨®± (®´²¨¦ Other Findings Strengths of Downtown Centerville Demand for Retail Space Downtown Centerville, 2022-2027 Estimated Rent per Estimated Demand Square Foot per Year(Square Footage) Retail Commercial Space Supporting Sales of $300 to $400 per Square Foot$20-$302,300-5,700 Source: LOCi Consulting LLC Page | 5 Market Analysis for Downtown Redevelopment City of Centerville Economic Development Authority April 3, 2023 Weaknesses of Downtown Centerville Multifamily Housing Market Demographics and Economic Analysis o o o o o o o Retail Real Estate Market o Page | 6 Market Analysis for Downtown Redevelopment City of Centerville Economic Development Authority April 3, 2023 4± ²¨³¨® ±¤²¨£¤³¨ « £¤²¨³¨¤² ³® ¯´³ §¨¦§¤± Informal Community Survey £¤²¨³¸ £¤µ¤«®¯¬¤³² ¢«®²¤± ³® ³§¤ ¨³¤±²¤¢³¨® ®¥ - ¨ 3³±¤¤³ £ #¤³¤±µ¨««¤ 2® £ȁ 0 ±³¤± ¶¨³§ ¯« ¨¦ ¥¨±¬ ³® ´¯£ ³¤ ³± ¥¥¨¢ ¬ ¦¤¬¤³Ǿ ²³±¤¤³²¢ ¯¤ ¦´¨£¤«¨¤²Ǿ £ ¯¤£¤²³±¨ ¯« ² ¥®± £¤µ¤«®¯¬¤³ ¨ £®¶³®¶ȁ Recommendations - ·¨¬¨¹¤ ¢¢¤²² £ µ¨¤¶² ³® #¤³¤±µ¨««¤ , ª¤ȁ $¤µ¤«®¯ ¬ ±ª¤³¨¦ ¯« ¥®± $®¶³®¶ #¤³¤±µ¨««¤ȁ 0±®¬®³¤ §®±¨¹®³ « ¬¨·¤£ȃ´²¤ £¤µ¤«®¯¬¤³² ®µ¤± µ¤±³¨¢ « ¬¨·¤£ ´²¤ȁ o o o o 0±¨®±¨³¨¹¤ £¤µ¤«®¯¬¤³² ® ³§¤ ¥®´± ¡«®¢ª² o ±®´£ ³§¤ - ¨ 3³±¤¤³ £ #¤³¤±µ¨««¤ 2® £ o )³¤±²¤¢³¨®ȁ %§ ¢¤ ¤·¨²³¨¦ «®¢ « £ ±¤¦¨® « ¤³±¤¯±¤¤´± ¤³¶®±ª²ȁ #®²¨£¤± ¶®±ª¨¦ ¶¨³§ ³§¤ ²¢§®®« £¨²³±¨¢³ ³® £¤µ¤«®¯ ³§¤ #¤³¤±µ¨««¤ %«¤¬¤³ ±¸ 3¢§®®« ¯ ±ª¨¦ «®³ȁ #®²¨£¤± ¢±¤ ³¨¦ ¨¢´¡ ³®± ²¯ ¢¤² ³® ²´¯¯®±³ ²¬ «« ¡´²¨¤²²¤² £®¶³®¶ȁ 0±¨®±¨³¨¹¤ ±¤³ ¨« £¤µ¤«®¯¬¤³ ® - ¨ 3³±¤¤³ µ¤±²´² #¤³¤±µ¨««¤ 2® £ȁ Page | 7 Market Analysis for Downtown Redevelopment City of Centerville Economic Development Authority April 3, 2023 0±¨®±¨³¨¹¤ «®¢ « ¤³±¤¯±¤¤´±² £ ¯´±²´¤ ±¤³ ¨« ¢®¢¤¯³² ³§ ³ ¶®´«£ ¡¤ ¬®²³ «¨ª¤«¸ ³® § µ¤ ²´¢¢¤²² ¨ $®¶³®¶ #¤³¤±µ¨««¤ȁ o o o o o o o o o o o o ,¤µ¤± ¦¤ «®¢ « ¤¢®®¬¨¢ £¤µ¤«®¯¬¤³ ³®®«²Ǿ o ²³ ³¤ £ ¥¤£¤± « ¦± ³² £ «® ²Ǿ £ ®³§¤± o ±¤²®´±¢¤² µ ¨« ¡«¤ ¥®± £¤µ¤«®¯¬¤³ ¯±®©¤¢³²ȁ o o o o o o o o o o o Page | 8 CITY OF CENTERVILLE REQUEST FOR ACTION Agenda Item # Department: RequestedMeetingDate: October 17, 2023 Administration/EDA XI.1 TITLE OF ISSUE: Reports to the EDA BACKGROUND AND SUPPLEMENTAL INFORMATION: From time to time, staff is asked about the number of businesses that are participating in EDA programs. Staff maintains an internal tracking system to program activity. Recently, however, the EDA asked about providing a "score card get an overview at a glance. A few of the reports that have been provided to the EDA in the past are included in the packet for your consideration. Staff is requesting direction on a reporting format that the EDA would like to see on a regular basis. COST AND SOURCE(S) OF FUNDING: None REQUESTED ACTION: Discussion only. For ClerkÓs Use: SUPPORTED DOCUMENTS ATTACHED Motion By: ____________________________________ Resolution Ordinance Contract Minutes Plan Map Second By: ____________________________________ Vote Record: AyeNay ____ Past Reports, Activity Tracker Other (specify) ____________ _____ _______________________________________________________________ _____ _____ _______________________________________________________________ _____ Refer to: _________________________________ Tabled Until: ______________________________ Consent Other: ___________________________________ Regular Videos: Crista'sPawSpaΑ157Views CornerExpressΑ413Views WiseguysΑ85Views CentervilleCenterStageCampaign StatusReport Date:1/14/2021 TotalPrepaid CompletedRemainingVideo BusinessNameQuadPressFacebookTwitterComments 1CornerExpressxxxxPaidindividualinvoice 2Laurie'sSchoolofDancexxxPaidindividualinvoice 3Christina'sPawSpaxxxxPaidindividualinvoice 4CentervilleTobaccoxxxPaidindividualinvoice 5WiseGuysxxxxPaidindividualinvoice 6Carbone'sxxxPaidindividualinvoice 7AHomeEnhancedxxxPaidindividualinvoice 8AsianToGoxxPaidindividualinvoice 9RuffridgeJohnsonxxxxPaidindividualinvoice 10NobleWeldingxxxPaidindividualinvoice 11PaarDesignxxxPaidindividualinvoice 12RumbleHousexxxPaidindividualinvoice 13CentervilleFloralxxxxPaidindividualinvoice 1460MidwestOneBankx 1559J.EvererettElectricxxx 1658CenterFrame&Wheelxxx 1757VermeerschAutomotivexxx 1856AppleAcademyxxx 1955SchlavinChiropracticxxx 2054Kelly'sxx 2153CreativeKidsAcademyxx 2252Carpenter'sAutoBodyxxx 2351Jet'sHockeyxxxx 2450CenterlifeCounselingxxx 2549Farmer'sInsurancex 2648VailBuildersxx 2747JP'sLiquorx 2846LiquorBarrelx 2945ADLx 3044CenterMartx 3143180KettleBellx 3242ChefHotHandsx 3341 3440 3539 3638 3737 3836 3935 4034 4133 4232 4331 4430 4529 4628 4727 4826 4925 5024 5123 5222 5321 5420 5519 5618 5717 5816 5915 6014 6113 6212 6311 6410 659 668 677 686 695 704 713 722 731 740 r offe Ad of 6/2/2022Declined1/9/2023N/A g AdDate r Promotion8/25/2022Promotion10/18/2022Promotion11/17/2022Promotion11/17/2022Promotion11/17/2022PromotionPromotionPromotionPromotionPromotionPromotionPromotionPromotion &&&&&&&&&&&&& offe Cuttin Stage DeclinedMarketingMarketingMarketingMarketingMarketing r 2023Marketing offe 21, HeldCenter 14, 6/7/2022RibbonN/AMarketing10/13/2022Marketing11/17/2022MarketingDeclined1/4/2023None8/31/2023Marketing gggggggg r g s g offe CuttinCuttinCuttinCutting7/26/2023MarketingCuttinCuttinCuttinCuttinCuttin Cuttin HouseHouse1/7, Rentin Program EventDate RibbonNowNoneN/AMarketingRibbonOpenDeclinedRibbonRibonRibbon Stage & GonionOpen r r ShireRibbon tt Center Rick Luge Offe KochNoneN/AMarketing KvamRibbon HunHunBisson Downing & BaerRibbon AndersonRibbon Knabe BensonBenson GurungRibbon 2023 DeclinedTiffanyEvonneChadMisty 2022 r Offe 6725Jamie0302Christine 1111Joe1111Joe96003Nick2145Maggie2145Maggie5200Michelle4953Amber66873460Lal1226Abdirahman1718Anthony NumberContact 653653369751758410219404977432426601377 Declined Rd651Rd651 S651S651S651 Wy651Wy651 r Street651Street651Street651 AveAveAve Offe 20th20th20thMichaudMichaudMainMainMainCentervilleCenterville 2050TBD612TBD763 y Care1825 Storage6965Storage6965 g Suppl 11822045 Boutique7095 Salon7087 Builds7029 Trainer SecureSecureMemory Roofing StoreScreenin A NameAddressPhone Roots James MarketTBD651 TransportDeclined BoutiqueTBD VillasMe Trip ChoiceStorageTBD 2022Business CentervilleCentervilleFirstNorBella2025NorBella2025AmericanSutton 2023 AtlasKwikHumbleConnorMaxCenterOnyxHarmonySend CITY OF CENTERVILLE REQUEST FOR ACTION Agenda Item # Department: RequestedMeetingDate: October 17, 2023 Administration/EDA IX. TITLE OF ISSUE: 2024 Goals & Objectives BACKGROUND AND SUPPLEMENTAL INFORMATION: Last year the EDA prepared a 2022-2023 Strategic Plan, and it is now time to start thinking about goals and objectives for 2024. Staff is requesting direction on goals and objectives for a strategic plan for the next one to two years. COST AND SOURCE(S) OF FUNDING: None REQUESTED ACTION: Discussion Only. For ClerkÓs Use: SUPPORTED DOCUMENTS ATTACHED Motion By: ____________________________________ Resolution Ordinance Contract Minutes Plan Map Second By: ____________________________________ Vote Record: AyeNay ____ 2022-2023 EDA Strategic Plan Other (specify) ____________ _____ _______________________________________________________________ _____ _____ _______________________________________________________________ _____ Refer to: _________________________________ Tabled Until: ______________________________ Consent Other: ___________________________________ Regular CITY OF CENTERVILLE 2022 Ï2023 EDA STRATEGIC PLAN APRIL 20, 2022 ECONOMIC DEVELOPMENT AUTHORITY Guiding Principles We are facilitators of economic growth and stability We embrace our rich and diverse points of view We are all on the same team, working for the benefit of the city Scope Authority to promote and sustain economic development, redevelopment. EDA mission Provide assistance to our local businesses or businesses locating to the city of Centerville that will encourage investment in the community to enhance the lives of our citizens. 2022 Ï2023 STRATEGIC PLAN GOALS Guide Redevelopment Spur New Development Increase Business Engagement Market & Promote our City Placemaking GUIDE REDEVELOPMENT Leverage Revitalization Grants Promote Revolving Loan and Façade Grant Program Shift Downtown Plan to Waterfront Focus Develop Business Incentives Toolkit (TIF, Tax Abatement, etc.) Infrastructure Investment: Streetscaping, Parking, etc. Prioritize Sites for Investment Gauge Property Owner Interest in Redevelopment Source: 2006 Map from Centerville Comprehensive Plan The map shown above is for illustration purposes only, and does not in any way suggest that downtown Centerville will developasimagined in the illustration above. SPUR NEW DEVELOPMENT Intentional Outreach to Desired Businesses Engage with Vacant Property Owners & Real Estate Agents Assist with Market Studies Promote Shovel-readiness INCREASE BUSINESS ENGAGEMENT Business AppreciationShop Local CampaignOutreach ¤Annual Awards ¤Holiday Markets¤BRE Visits Ceremony ¤Encourage Incentives for ¤Continue Business- ¤Sponsorship RecognitionShopping Local & Using Centered Email Blasts Mobile App ¤Continue to Strengthen ¤Promote City Mobile Partnerships¤Encourage Discounts for App Veterans ¤Ground Breakings, ¤Highlight Fete des Lacs Ribbon CuttingsOpportunities MARKET & PROMOTE OUR CITY Establish Prominent Website & Social Media Presence: expand business directory, property listings, etc. Create/Revise Marketing Materials: brochures highlighting community assets and city-owned properties; EDA packet for potential businesses, Increase Participation in CenterStage and Blue Logo Sign Programs Continue to Strengthen Relationships with Agency Partners: DEED, HBA, Quad Area Chamber, and ACRED Continue Investments in Main Street Beautification and Promotional Items PLACEMAKINGEXAMPLES Creative Destinations Community Driven Inclusive Transformative END CITY OF CENTERVILLE REQUEST FOR ACTION Agenda Item # Department: RequestedMeetingDate: October 17, 2023 Administration/EDA IX. TITLE OF ISSUE: 2023 Annual Report BACKGROUND AND SUPPLEMENTAL INFORMATION: Last year, the EDA provided an annual update to the council on their 2022-2023 strategic plan. It is that time of year again, and staff is seeking direction on highlights the board would like included in the annual report. COST AND SOURCE(S) OF FUNDING: None REQUESTED ACTION: Discussion only. For ClerkÓs Use: SUPPORTED DOCUMENTS ATTACHED Motion By: ____________________________________ Resolution Ordinance Contract Minutes Plan Map Second By: ____________________________________ Vote Record: AyeNay ____ Other (specify) _____ _______________________________________________________________ _____ _____ _______________________________________________________________ _____ Refer to: _________________________________ Tabled Until: ______________________________ Consent Other: ___________________________________ Regular Goal 1: Guide Redevelopment Leverage Revitalization Grants The Centerville Economic Development Authority (EDA) has identified potential funding sources to leverage revitalization grants. A couple of options are: Housing and Redevelopment Authority (HRA) funds available through Anoka County General Fund dollars to provide a match for the Livable Communities Grant Program, offered through the Metropolitan Council Predevelopment grant dollars (no match required), offered through Anoka County P ROVIDE B USINESSES INCENTIVES The EDA offers a variety of programs that promote local businesses. A few of these programs are: "«´¤ ,®¦® )³¤±²³ ³¤ 0±®¦± ¬ ȟ ³§¤ %$! ¯ ±³¨¢¨¯ ³¤² ¨ ¢®²³ȝ²§ ±¤ ³® §¤«¯ ®¶¤±² recover some of the costs of advertising on interstate signs 2¤µ®«µ¨¦ ,® £ '± ³ & Ê £¤ 0±®¦± ¬ ȟ ³§¤ %$! ®¥¥¤±² ΐȀΐ ¬ ³¢§¨¦ ¦± ³ ¨ amount up to $10,000 for eligible expenses that enhance the exterior of the building. The EDA also provides a 1:1 match on a low interest low in an amount of $20,000 at 2% annually. #¤³¤± 3³ ¦¤ ȟ ³§¤ %$! ¢®µ¤±² ³§¤ ¢®²³ ®¥ ¯±®¬®³¨® « £ ¥®± ¨¢«´²¨® ¨ ³§¤ 1´ £ 0±¤²² newspaper; the program includes digital marketing as well via social media and Youtube. D EVELOP B USINESS I NCENTIVES T OOLKIT (TIF, T AX A BATEMENT, ETC.) The EDA is exploring business and development incentives for inclusion in an expanded toolkit. Streetscaping, Parking, etc. Infrastructure Investment In this last year, the EDA increased their investment in streetscaping/beautification projects that add curb appeal. The led lights that were hung on the roof at city hall and the tree in front of city hall, as well as the wreaths hung from the light poles along Main Street reflect the boardÔs commitment to at promote Centerville to residents and visitors alike. Prioritize Sites for Investment The EDA has prioritized the following three sites, based on the level of inquiries from developers: 2 1737 Main Street Block 7 Site north of Norbella Senior Living The board is in the process of expanding their business toolkit to include development incentives, or at least recommend them to city council for further consideration. Gauge Property Owner Interest in Redevelopment In 2022, the EDA sent a letter to residents in the M1 and M2 residential districts to gauge their interest in talking with prospective developers. The intent of the letter is to connect residents interested in working with developers on potential projects in downtown Centerville. Goal 2. Spur New Development I NTENTIONAL O UTREACH Over the last year, the EDA has engaged with attended regional networking events to meet potential prospects and talk about available land. E NGAGE P ROPERTY OWNERS Last year the EDA sent a letter to residents in downtown Centerville, inquiring about their interest in talking with potential developers interested development projects in the area. A SSIST WITH MARKET STUDIES Over the last year, the EDA developed a scope of work for the downtown redevelopment market study that is currently underway in Centerville. The purpose of the study is to understand if mixed-use development is a viable option for downtown. If so, the EDA would like to know how implementation would happen. If no, the EDA seeks to understand what viable development looks like in the area. PROMOTE SHOVEL READINESS The EDA has is working closely with the city engineer and realtor to analysis site needs. Goal 3. Increase Business Engagement Business Appreciation The EDA held their annual Business Appreciation dinner late last year and they were able to connect with local business owners, provide resources, and assess upcoming business needs at this meeting. Presentations were given by representatives from partner agencies. Several Ground Breakings, and Ribbon Cuttings were held over this past year and members of the EDA, City, and Chamber of Commerce were in attendance. 3 Outreach Over the last year, the EDA has increased their outreach efforts by sending more emails via the email blast, conducting informal business retention and expansion (BRE) visits, and promoting businesses at annual festivals and events like Fete des Lacs. Goal 4. Market and Promote our City Establish Prominent Website & Social Media Presence 4§¤ ¢¨³¸Ȍ² ¤¶ ¶¤¡²¨³¤ £ ¬®¡¨«¤ ¯¯ «²® launched in the last year and the EDA is working with staff to increase outreach on these platforms as well. The EDA is working with staff to expand the business directory, property listings, and provide input to help build a better public presence. The EDA Continues to Strengthen Relationships with Agency Partners: DEED, HBA, Quad Area Chamber, and ACRED, etc. The EDA Continues Investments in Main Street Beautification and Promotional Items as well. Goal 5. Placemaking The EDA is currently exploring placemaking opportunities in Centerville. An outreach campaign will assist the EDA with recommendation(s) to city council. 4 CHALLENGES Over the last year there have been several challenges, including the following: $¤µ¤«®¯¬¤³ ®¥ ³§¤ ΐΖΒΖ - ¨ 3³±¤¤³ 3¨³¤ ȟ &¨£¨¦ ²®¬¤®¤ ³® £¤µ¤«®¯ ® ³§¨² ²¨³¤ $¤µ¤«®¯¬¤³ ®¥ "«®¢ª Ζ ȟ 3´²³ ¨¨¦ ¯±®¦±¤²² ® ³§¨² ²¨³¤ #¨³¨¹¤ ǉ "´²¨¤²² %¦ ¦¤¬¤³ ȟ «®¶ ³´±®´³ ³ ´ « ¡´²¨¤²² ¯¯±¤¢¨ ³¨® ¤µ¤³ 0 ±³¨¢¨¯ ³¨® ¨ %$! ¯±®¦± ¬² ȟ ²¤µ¤± « ¡´²¨¤²²¤² § µ¤ «±¤ £¸ ¯ ±³¨¢¨¯ ³¤£ ¨ ³§¤ Center Stage program OPPORTUNITIES: The EDA recognizes that with every challenge, there is an opportunity. A few opportunities are: 4§¤ ΐΖΒΖ - ¨ 3³±¤¤³ 3¨³¤ ȟ )¢¤³¨µ¤² ±¤ ¤¦®³¨ ¡«¤ $¤µ¤«®¯¬¤³ ®¥ "«®¢ª Ζ ȟ ¢®³¨´¤£ ¬ ±ª¤³¨¦ ®¥ ³§¨² ²¨³¤ ²® ³§ ³ ³§¤ ±¨¦§³ £¤µ¤«®¯¤± ¬ ¸ come along #¨³¨¹¤ ǉ "´²¨¤²² %¦ ¦¤¬¤³ ȟ %·¯«®±¤ ¢¨µ¨¢ ¤¦ ¦¤¬¤³ ²®¥³¶ ±¤ ³® «¤ ± ¬®±¤ ¡®´³ how to engage with residents and businesses alike 0 ±³¨¢¨¯ ³¨® ¨ %$! ¯±®¦± ¬² ȟ %µ «´ ³¤ ¯±®¦± ¬² £ ±¤µ¨²¤ ¦´¨£¤«¨¤² ¥±®¬ ³¨¬¤ ³® time to attract more participants. A LOOK AHEAD The EDA-commissioned downtown redevelopment market study is currently underway, and they are eagerly awaiting the results of the study so they can determine next steps. The EDA will continue to review their programs, develop business incentives, create marketing materials, and promote vacant sites for development. CITY OF CENTERVILLE REQUEST FOR ACTION Agenda Item # Department: RequestedMeetingDate: October 17, 2023 Administration/EDA IX. TITLE OF ISSUE: December EDA Meeting BACKGROUND AND SUPPLEMENTAL INFORMATION: The EDA holds their regularly scheduled meeting on the third Wednesday of the month, and the December meeting falls on the 20th. In years past, the EDA has canceled their December meeting. However last year, the EDA met in December. three EDA members are needed for a quorum. Staff is requesting direction on whether tothe December 20th EDA meeting. COST AND SOURCE(S) OF FUNDING: None REQUESTED ACTION: Motion to cancel the December EDA meeting. For ClerkÓs Use: SUPPORTED DOCUMENTS ATTACHED Motion By: ____________________________________ Resolution Ordinance Contract Minutes Plan Map Second By: ____________________________________ Vote Record: AyeNay ____ Other (specify) ____________ _____ _______________________________________________________________ _____ _____ _______________________________________________________________ _____ Refer to: _________________________________ Tabled Until: ______________________________ Consent Other: ___________________________________ Regular RC 18- ) F I T ( G N I E C L 3 L I N 2 V 0 W A R 2 E E I N, T I 1 N 1 V F E R R C E E T B F V O N O T E Y C O T I O M C E R C N I Tammy Omdal, Northland Public Finance X A T 2 RC 18- w e i v r e v O n o i t a t Source and Use of TIF revenueDevelopment (TIF) agreementsManaging TIF Districts n Provide general information on the use of TIF and city role in establishing and managing TIF districtsPresentation will focus on: e s e r P 3 RC 18- e r u t c i P TIF revenue does not come from existing tax-payersTIF allows the city to capture increase in county, school, and other taxing jurisdictions taxes from development to help accomplish city objectivesTIF is common and used by lots of cities as a tool to spur private development that a city finds otherwise will not happen (Ñbut forÒ)Using TIF to assist one project doesnÔt set a precedent or establish a need to give it to any other project g i B 4 RC 18- ? ) F I T ( g n i c n a n i F t n e m e r c n I x a T s i t Simple in concept, complex process to establish and administerFinancing method to capture increase in value from new developmentTax increments are generated by an increase in property taxes resulting from the increase in taxable market value from development a h W 5 RC 18- ? ) F I T ( g n i c n a n i F t n e m e r c n I x a T s i t Property taxes attributed to the increase in valuation are used to finance or reimburse eligible project costsAfter the capture of property taxes ends then tax capacity from new development becomes available as tax capacity to the respective taxing jurisdictions a h W 6 RC 18- s t c i r t s i D F I T e l l i v r e City has previously established TIF districts All prior districts are decertified and are no longer activeDistricts are decertified after obligations or certain statutory conditions are metDecertification of a district means tax increment is no longer captured; it doesnÔt always mean the fund established for the district is closed t n e C 7 RC 18- e u n e v e R F I T f o e s U d n a e c r u o S 8 RC 18- e u n e v e R F I T f o e c Tax increment is generated by the increased property value that is created when a property is developedCaptured property taxes attributed to the increased value from new development are used to support the developmentFixed term or duration to collect TIF revenue generatedTIF Revenue comes from property taxes paid by development within TIF district r u o S 9 RC 18- e u n e v e R F I T f o n o i t Important because taxes generated by the original value within the district continue to flow to the respective taxing jurisdictions a l Net Tax Capacity from land and existing building value is called the ÑOriginal Net Tax CapacityÒNet Tax Capacity growth is captured by the district and generates tax increment revenue u c l a C 10 RC 18- ) ) e u l a Captured ValueBase Value New construction by developer(Existing buildings and land value in TIF District ( V d e r u t p a C . s v e u l a V e s a B f o e l p Million Completion m Total Taxable Estimated $10.5 Market Value at a x E 11 RC 18- * F I T d n a t c e l e j b o r a p y y a n a P o t s c e i f i x c a e T p s y t t o r N e d p n a o r e l p P f m a o x E e e l v i p t a r m t s a u l x l I E* 12 RC 18- s e u n e v e R F I T s t c a p m Collection of first incrementType of TIF District impacts duration I t Timing of development Property reclassificationFuture market value inflationChanges in local tax capacity ratesProperty tax reform a h W 13 RC 18- s t c i r t s i D Hazardous Substance Sub-district F I T f o RedevelopmentRenewal and RenovationEconomic Development HousingSoils ConditionOther - s Type of TIF District determines duration for district (to collect TIF revenue), uses of TIF, and on-going statutory requirements e p y T 14 RC 18- e u n e v 9 16212626 e R Maximum) 26 or R.A.P. of TIF Revenue e t Collection (Statutory a Total Number of Years r e n e G o t t c i r t s i D F I T r o f Type of Districts Economic DevelopmentRenewal & RenovationSoilsConditionsHousing RedevelopmentHazardous SubstanceSub. Type of DistrictDuration authorized in TIF Plan n o i t Expiration determined by a r u D 15 RC 18- t c i r t s i D F I T t n e m p o l e v City must find that parcels consisting of 70% of the area of the district are occupied by buildings, streets, utilities, or paved or gravel parking lotsA parcel is not occupied unless 15% of the area of the parcel contains building, streets, utilities, or paved or gravel parking lotsMore than 50% of the buildings, not including outbuildings, must be found to be structurally substandard to a degree requiring substantial renovation or clearance e Certain conditions must be metCoverage testCondition of buildings test d e R 16 RC 18- e u n e v e R F I T f o e s U r o f e s o Stimulate development where it would otherwise not happen in the reasonably foreseeable futureCreate jobs Retain existing tax baseEncourage development of uses that would otherwise not occurEnhance tax baseFacilitate infrastructure improvementsCoordinate new developments with existing plans p r u P 17 RC 18- e c n a t s i s s A F I T r o f t s e u q e R f o s i Is the TIF assistance necessary?If so, how much assistance is needed?Provide minimum assistance for project feasibilityMitigate city riskReturn property to general tax rolls s Determining how much TIF is needed for projectQuestions asked and answeredObjectives y l a n A 18 RC 18- s e u n e v e R G.O. Tax Increment BondsInterfund LoanOther source F I T Project costs financed by developerDeveloper is reimbursed semi-annually for project costs as TIF revenue is generated over timeTIF revenue note issued to developer payable solely from pledged TIF revenueProject costs financed by city and repaid with future TIF revenue f Pay-as-you-go (Pay-Go) AssistanceUp-front Assistance o e s U 19 RC 18- w e i v r e v O F I T r o f y r a TIF is the primary development tool available to the citySimple in concept, but complex in applicationProperty taxes created by development are captured and used to finance activities need to encourage developmentBefore creating a TIF district, city must find that in its opinion the subsidized development would not have happened Ñbut forÒ the use of TIF m m u S 20 RC 18- s n o i t s e u Q 21 RC 18- 800-851-2920 Northland Securities, Inc. Northland Public Finance The public finance group of Minneapolis, Minnesota 55402 150 South Fifth Street, Suite 3300 www.northlandsecurities.com/public_finance Member of FINRA and SIPC | Registered with SEC and MSRB s n o i t s e u Q - u o Y Tammy Omdal 612-851-4964 k Managing Director n a h T tomdal@northlandsecurities.com