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HomeMy WebLinkAbout2011-08-09 PACKET 05.City of gottage Grove Minnesota To: Council /Planning /EDA From: Ryan R. Schroeder, City Administrator Date: July 26, 2011 Subject: Work Plan Priority Setting Enclosed within packet materials is a draft work plan for EDA discussion at their next meeting(s). That work plan is structured to be responsive to the Council Vision and goal related to commercial and industrial (C /1) development. While the EDA role is not intended to stray too far afield from C/I responsibilities it is understood that Community Development and community building needs to be an integrated system and process. Hence, it is relevant for the EDA to at least monitor activity /progress in housing, transportation, public facilities and other Council goal areas. At times, for instance with mixed use projects, it is appropriate for the EDA to take a lead role. It would be helpful to the EDA to have some discussion regarding effort targeting. Certainly, the top priority for the EDA would be in business attraction and retention for those businesses with the greatest taxable market values and job and wage metrics (i.e. Business Park). Beyond that we would anticipate the next most important role of the EDA would be to redevelop or reposition notable opportunity areas (Home Depot, CottageView, perhaps followed by Norris (Marketplace). It would be important to know if Council and others agree that these two areas (business park and redevelopment opportunities) would appropriately be considered the highest priority areas on which the EDA should focus. If there is agreement on the above it seems a given that retail attraction would be the next strategic focus of the EDA. However, given that we are in an atypical economy, and given that rooftop development is required to build our retail footprint and given the above redevelopment needs it would seem that the development leaders of the community (Council, Planning, EDA) might wish to consider an increased focus on market housing development for a period of time. Maintenance and construction of public facilities (buildings) would not typically be noted as a high priority of the EDA (subject to Council direction to the contrary). Establishment of Work Force Housing (moderate - income) would also not typically be considered among the highest priorities of the EDA except in economies within which access to labor has become a difficulty. That does not currently seem to be the case. Staff is looking for feedback from the group regarding the above to assist us in completion of the work plan. Upon receipt of direction regarding the above there are a couple specific discussion topics that seem appropriate. These are: 1. Community Center/YMCA vs. Home Depot Development The City Council formed a Community Center Task Force in 2009. The task force was charged with conducting a needs analysis and ultimately a citizens survey was conducted which supported City participation in a joint venture with the YMCA. Over the past few months we have been in discussions with the Y toward development of an approximate 52,767 square foot facility on approximately 6 acres adjacent to the PSCH project. This compares to the task force recommendation of a building size range of 59,236 - 71,154 square feet. The task force had projected Gym space at twice the Y proposal and allocated up to 6,000 SF for track space which does not appear within the Y space planning document. Otherwise the spaces are similar. The City is estimating development costs for the Y project at $13.7 million with a projected City investment suggested in the $6 million range. The City would own the building and the Y would be a 30 year tenant with the opportunity for lease extensions beyond the initial term. Any investments from the City would become a general obligation of the City in some fashion through issuance of a debt instrument. Concurrent with recent discussions with the Y the City staff has been embedded in negotiations with a private developer toward redevelopment of the Home Depot. Current space planning for that redevelopment includes an approximate 45,000 square foot privately owned and managed fitness facility. Such a facility would be anticipated as geared primarily but not exclusively toward the adult community. The City is being asked to invest in the redevelopment of the Home Depot property (not the fitness facility specifically). An investment to reposition the 10 acre Home Depot parcel would range between $1 million and $2 million through paygo investments between now and 2025. Any investment from the City would be from residual tax increments, future project related tax increments and /or ED Trust Fund investments. The Community Center Task force met on July 26, 2011. The task force opined the following: 1. The City should not feel compelled to rush decisions regarding Community Center /Fitness projects only to meet a November 8 referendum date 2. The Y facility as currently configured may not meet citizen beliefs as to what comprises a community center absent potential space planning changes to place community rooms /playgrounds and the like in a location within the building so that these spaces could be accessed without a Y membership 3. The City could consider a multi -phase effort to meet our community and recreational needs 4. The City might consider constructing a portion of those needs in an early phase with the Y portion of those needs in a later phase 5. The City should complete its' negotiations on the Home Depot redevelopment before proceeding with a Y or Community Center development The City Council is currently scheduled to determine a path at their August 10, 2011 meeting. 2. Work Force Rental Housing It has been suggested that the City should consider encouraging moderate income rental housing within the community. I've enclosed a brochure from a recent affordable product completed within the City of Elk River. This project is a tax credit deal for households generally between $ and $50,000 (or thereabouts). Rents range from $640 for a 796 SF one bedroom up to $850 for a 1,332 SF three bedroom unit. In order to qualify for tax credits through a competitive process the developer would be requesting fee waivers and perhaps various other development assistance. The project cost estimate for this 53 unit building is $160,000 /unit. It is only due to the flax credit mechanism that development of this project would even be bankable. The tax credit competition occurs each June for a project start in the subsequent year with a 9 month build out. It is worth noting that in order to qualify for a $100,000 mortgage @ 5 %/30 years an income requirement would be estimated at $25,000 to $31,000 (depending upon other consumer debt). The PITT obligation would be estimated at $777 /month which would be comparable to a two bedroom within the tax credit rental project. We would be looking for direction on if encouraging a project similar to the Elk River example is something we should be pursuing. Consensus Opportunities: 1. Provide comments on general EDA work plan priorities 2. Provide comments on future Community Center / Fitness direction 3. Provide comments on work force housing Aug 3 Work Plan Priorities 072611 Economic Development Authority Work Plan and Goals August, 2011 DRAFT City Council Vision for Cottage Grove: • An accessible community with an appreciation for our environment, trees, hills, ravines, landscapes and river, including quality park, green and open space areas • A good place to raise a family and grow a business with well maintained neighborhoods and private properties • A fiscally responsible, engaged government with well maintained infrastructure, access to quality inter- and intra- community transportation and transit, and safe residential and commercial neighborhoods and public spaces City Council Development Goal (C /1): *Place emphasis on quality retail, restaurant, and industrial recruitment and retention. Development enhancements within all commercial districts include the use of development controls, architectural standards and high quality site features Objectives: The City Council has adopted five C/I objectives in achieving the primary goal Each of these objectives is noted below (1 -5) followed by Targets and Tasks provided or performed by staff in accomplishment of the objective. Some tasks would be considered complete with compliance or monitoring the only requirement. Others are ongoing or in process. The remaining is either in an interim step or requires input from Council in order to complete the task. 1. Continue to increase quality of commercial structures and neighborhoods Targets and Tasks: a. Increase Commercial Quality 1, Gateway Development Standards (adopted) 2. East Ravine Master Plan (adopted) 3. 1_angdon Master Plan (adopted) 4. West Point Douglas Plan 5. Auto Performance Standards b. Increase Neighborhood Quality 1. East Ravine Master Plan (adopted) 2. Code Enforcement (on- going) 3. Revision of Subdivision Development Standards 2. Prospect for specific end users by category, including restaurants big /junior box and specialty retailers and service and entertainment venues as identified in the 2009 commercial market study. Provide a list of specific measures taken and specific contacts made to both commercial and Industrial prospects. Concentrate industrial prospecting on high job industries Include results within annual performance measures Targets and Tasks: a. Prospect for Business Park 1. Update Growth Partners Marketing / Branding 2. Relational Marketing 3. Cost Segregation program 4. Incubator Program consideration 5. DEED /Third Party grants & loans 6. Web data b. Prospect for Commercial 1. Home Depot Redevelopment (in process) 2. Cottage View Redevelopment (in process) c. General Marketing 1. Prospecting Events a ICSC b. MD &M c. Life Science Alley d. Other 2. Print Media 3. Website 4. Press Releases /events 5. Anaiytics 6. Identification of Targets 7. QR Codes 8. Business Recognition programming a. Ribbon Cutting/ Ground Breaking b. Years in Business Awards c. Growth Partners Awards d. Coordinate with Chamber Programming /Events 9. Developer Tech Review opportunities 3. Provide for continued development of the industrial park redevelopment of the Gateway District and planning for the Cottage View and infill sites including the Rodeo and Majestic redevelopment opportunities. Include a business community feedback mechanism to include prospects not attracted to a local development site Improve reporting to EDA and Council Targets and Tasks: a. Reporting to EDA/Council 1. Development Update (monthly) 2. Tech Review Committee 1 Community Development Newsletter (monthly) 4. Various Matters 5. All Commission meetings 6. Goals / Strategic Planning workshops 7. Annual Report /EDA Annual Report b. Business Feedback Mechanism 1. Survey c. infill 1. Website marketing (on- going) 2. RFP City sites 3. Package Future sites (i.e. Langdon) 4. Update business attraction /retention marketing plan and strategy Targets and Tasks: a. Business Retention 1. Site Visits 2. C/I Neighborhood Meetings 3. Recognition of Milestones b: Business Attraction and Recruitment i. Marketing a. Post Card campaign b. www.gro artnerscg.com c. EDA Golf Outing d. Relationship Building 2. Social Media 3, Targeted Industries and Sectors a. Business Park Land Transactions b. Commercial Redevelopment c. Focused retail end user targets 4. Cost Segregation value added service S. Land Banking 6. TIF /Trust Fund Investments 7. DEED Grant Funding c. Business Start-Up 1. Incubator 2. Micro - lending a. Bank Community Investment Leveraging 5. Provide for enhanced Chamber. EDA and Council business outreach coordination Targets and Tasks: a. Increase Coordination 1. Government Affairs and Development Committee 2. EDA Chamber Board Liaison 3. Chamber Board membership 4. Event Coordination a. Ribbon cuttings /ground breakings b. Annual 3M Chamber Business Breakfast c. Annual Business Showcase d. Strawberry Festival e. Holiday Train f. Misc. (involvement with various events thru the year) Housing The EDA does not have specific responsibilities in the area of housing. However, from time to time the EDA may be requested to perform a role in the housing area in situations such as mixed use projects (i.e. Norris Square /Marketplace). The EDA needs to also monitor housing activity as it relates to its responsibilitieswfth business attraction and should be aware of community standards in housing as well as C/i projects as established by the City Council. The 2011/12 Housing Goal and major objectives as established by Council is as follows: City Council Housing Goal: Ensure that implementation of the master plan for the East Ravine District includes only high quality, high design and amenity development stressing the natural environment complemented by the built environment. Emphasis is placed on diversity of housing styles targeting the second and third tier move - up buyer along with empty - nester housing. All future housing developments should strive to reflect the community vision established through the East Ravine planning process. Encourage the maintenance of current housing stock through increased code enforcement efforts Objectives 1. Ensure that all rental- housing units are identified and monitored for code compliance 2. Aggressively monitor foreclosed properties 3. Provide for additional Empty Nester housing such as the Auburn Woods development. Consider density bonuses to provide for this housing type. 4. Provide for targeted high -end development in the East Ravine and West Draw portions of the Community — with densityfiexibility. 5. Provide opportunities for high - density townhomes, apartments, affordable rentals and condo projects along with a non - senior assisted living project. � f x � \ \ 3� IL ! Q UTIN( ƒ§[ /[ 2 » 0 1, § I AFAR TMEHT r LATURL S O j BATH • Spacious 1, 2 and 3 Bedroom apartments • Two Bathrooms in 2 and 3 Bedroom Homes • Neat Included • Washer and Dryer in Each Home • Fully Equipped Kitchen KITCHEN Window Treatments Provided G Generous Closets 9 On -Site Play area o Underground Parking g Most Homes are Smoke Free 5 LAU\DRY KITCHEN jOp 9ATH §2 BA1 14 •.f D N'M ROOM 9A X 14'-0" DINING ROOM 9' -0" X 14' -0" L,Y1NG ROOM I! BED ROOM 41 I2' -0l� X 14 , -0 1, 11 BBD ROOtd aF1 11 -0" X 13' -0 it i I'-6" X 12' -0•` LIVING ROOM IT-O" X i 4' -0" BED ROOM T 9 BEDK99t DECK 1,097 square feet ?Nt BEDK9 796 square feet KITCHEN I DEC BUILDING AMENITIES 0 Elevator ° Exercise Facility a Guest Suite ° Community Room BAT; = 0 Business Center DATH DINDWI, Roca, v' -G x 15' 10" LIVudG ROOM 14 -U" X 1i'' -0" BED ROOM CI 101_21, X Io , A ` HD RGDIbI f�• 11•_2 "X �1�9 BED ROOM r, 10'4" X I I'-(P' TAIL CYMM I? 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