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HRA Meeting Minutes – Tuesday, October 21, 2014 Page 2 1 8.Presentations 2 3 Economics and Statistic Overview by Paul Bilotta a. 4 Community Development Director Paul Bilotta provided an overview of statistical and 5 demographic information related to local economics and housing. Mr. Bilotta noted that the 6 purpose of the presentation was to provide a sample of background information to spark 7 ongoing conversations; to identify areas of concern before they become visually apparent; to 8 identify issues for future study. Mr. Bilotta stated that he had presented similar information in 9 other communities in which he’d worked, and thought that information may be useful to the 10 Roseville HRA as well as they focused on limited resources, tracked changes in trends, and 11 evaluated some of their past actions as to their effectiveness. Mr. Bilotta clarified that this 12 presentation was intended to start questions, not answer them, by providing discussion future 13 points. 14 15 Economic 16 Mr. Bilotta provided comparisons from 2010 through the first quarter of 2014 for total 17 Roseville wages and average wages per sector, population and economy-based 18 exports/.imports compared to Minnesota overall employment. Additional information 19 included the number of employers, with indications that the number of employers was 20 increasing, with wages going up but jobs going down state-wide at approximately 2%, but 21 Roseville consistently declining since 2011, actually down 6.5% from 2010 to 2014. Mr. 22 Bilotta questioned if this indicated that small businesses were vacating the community. 23 24 Housing 25 Mr. Bilotta noted that based on 1990 population figures, Roseville’s population was becoming 26 more diverse, and also compared with 2010 Minnesota population by race and increasing 27 minorities, Roseville was even more diverse that the overall state figures. Mr. Bilotta also 28 reviewed Minnesota and Roseville population by age, comparisons of male and female 29 residents. Mr. Bilotta noted that information indicated that the 20-50 year old range was 30 missing in Roseville. 31 32 Mr. Bilotta presented an interactive web map showing Ramsey County property values from 33 2004 – 2014, one of his personal concepts to help identify things ahead of time. The 34 information included housing statistics (e.g. price points, general inflation, and if pricing was 35 trending downward). Mr. Bilotta reviewed relative prices increases overall in Ramsey County 36 and specific to Roseville; and areas showing some need for further examination or a more 37 specific look to determine cause and effect. 38 39 Of note, Mr. Bilotta noted that the oldest housing in Roseville was located in the neighborhood 40 east of Har Mar Mall, and that area, along with homes in the James Addition were areas to 41 review more carefully, and an area in the Northwest Quadrant, which he attributed to a 42 differential between the Cities of Roseville and New Brighton. 43 44 Mr. Bilotta noted that, around the University of Northwestern, home values seemed to be 45 holding; however, he noted some potential challenges closer to the north side of the Twin 46 Lakes and James Additions, along with properties east of Affinity Plus. Mr. Bilotta suggested 47 the HRA may want to hone in on some of those pockets that may need attention; as well as the 48 southeast area of Roseville. Mr. Bilotta clarified that he wasn’t predicting something bad was 49 going to occur, just areas for special focus or lots or homes in the community that may be 50 targets for reinvestment or rehabilitation. 51 52 Member Etten noted that, in the southeast area of Roseville in particular, there may be some 53 areas showing up “red” that were open land, or had an older home on considerable acreage 54 (e.g. McCarrons), but were not economic issues, only essentially vacant land, and that they 55 didn’t indicate blight in all of those areas.