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HomeMy WebLinkAbout2002.09.10 PACKET 4 CITY OF COTTAGE GROVE ECONOMIC Secretary DEVELOPMENT AUTHORITY AGENDA TUESDAY, SEPTEMBER 10, 2002 7:30 A.M. 1. Call to Order 2. Roll Call 3. Approval of August 13, 2002 Minutes 4. Business Items A. Project Updates B. Gateway Development District Update C. Golf Tournament Update D. Special Events E. Budget Update F. Grove Plaza Pond Update G. EDA Board Vacancies H. Park and Ride Update I. Calendar 5. Miscellaneous Business Items 6. Adjourn Next Meeting Date: October 8, 2002 • E:\Economic Development\E D AWgendas\2002\Septarn a,1 City of Cottage Grove • Memo To: Economic Development Authority Members From: Michelle Wolfe, Assistant City Administrator Date: 9/6/2002 Re: Project Updates Attached is the list of active projects. The City received two new leads since the last EDA meeting. Both leads were for restaurant projects. One is a family sit-down restaurant; the other is a national chain. Both seem to be seriously considering a Cottage Grove location. • We continued to respond to follow-up requests for information on other active files. Staff will provide a verbal update regarding all current active leads at the meeting. Attachment • G:\Economic Development\E D A\Documents\2002\Sept 02 Proj Update.doc m m m m m m m m m m m m m m m m m m m m m m m rn m m m m m m m m m 00000a0000a00000000000000a0000000T O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 • Ni N Ni Ni Ni Ni Ni Ni Ni Ni Ni Ni Ni 00000. 0 O O O O O O6 O O o 0 0 0 0 06 0 0 0 0 0 0 0 0 0 0 0 0 C) Cr) CEJ N — Cl) 00000 W W W W W W N N N — O O O 4 N -, N - N co �I O U) W N -• O CO CO �I A -. CO -,I CA 41. 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The project is expected to start September 9. • On August 28, the City Council also took the following actions: o Approved an amendment to the comprehensive plan to change the land use designation for 14.4 acres of land form low density residential to commercial and expand the MUSA boundary by adding 14.4 acres of land into the MUSA. o Approved a zoning amendment to change the zoning from R-2, Residential Estate, and UR, Urban Reserve, to B-2 Retail Business. o Approved the site plan review of an 88,000 s.f. Kohl's Department store with variances for off-street parking and loading, reduction of the 20-foot minimum setback abutting a public roadway to five feet, and reduced the 30-foot minimum side yard building setback abutting a street to 20 feet. o Approved construction plans and specifications for the Hardwood Avenue Corridor improvement Project and set a bid date of September 26, 2002. • At the September 4 meeting, the Council approved an amendment to the West Draw Study Area Alternative Urban Area wide Review (AUAR). • On September 18, the Gateway Preliminary Plat approval is scheduled for consideration by the City Council. G:\Economic Development\E D A\Documents\2002\Sept 02 Gateway.doc • On October 2, the bid award will be presented for approval for the Hardwood Avenue project. (We are hoping to include a copy of the roadway sections in your packet or to have them available at the September 10 meeting.) • • On October 16, there will be a proposed comprehensive plan amendment/MUSA expansion for 7750 Harkness (Bruhn property). • Also on October 16, the Council will receive the site plan for the Cedarstrom Pet Clinic Project (see attached site plan.) • For October 16, it is expected that there will be an item proposing re-zoning of (Jensen) 7420-80th Street (see attached proposed site plan) and for the proposed Oakwood commercial sites. Property Acquisition Update Activity continues in the process of acquiring the property necessary for the Kohl's project. A verbal update on recent developments will be provided at the meeting. General Discussion Staff would like to continue discussion about the Frattalone property Included in your packet is an exhibit illustrating the Kohl's project area. You will note • that adjacent to the project is an approximate 25-acre conservation easement. This area, which is immediately adjacent to the Gateway North Development, ensures a unique amenity to the district. It provides for permanent forestation and open space which will essentially be located in immediate vicinity to an area that is becoming a "downtown" commercial area for the City. Attachment • G:\Economic Development\E D A\Documents\2002\Sept 02 Gateway.doc IA/</' Ø Jr A s ikif'.____.47' ,• , __,, ___f• 13_ —.,_,__ __._ _____._ ___— i'S • ', ... , , tett 0 s. Ito._ c.."170.;.:,.:1.,,, n0(0 .1• ........ .,- N. • 15 ' 46 =a . lC. ,0 co - ' ° I4<r / ti ,. ,boa >,,....1.- Z. 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IIIERNEN15111" I , 11111 1 1 -1 I ' NM ili Mil H 1 lio ill I ,iti , . 1 1 1 1 1 li 1 .11 1 , ip 1 II 4... - i I 001.1.t.i.1.1.001•00,'Os.c.......04.00.4./' I, millilillliiiiillietiii ll . , • Cr: MEMO TO: EDA Members FROM: Scott Johnson DATE: September 3, 2002 RE: EDA GOLF TOURNAMENT EXPENSES Here is a breakdown of revenues and expenses for the 2002 EDA Golf 111 Tournament: REVENUES EXPENSES Entrance fees $11,830 River Oaks Golf Course $6,262.75 Hole Sponsorship Signs $287.55 Divot Repair Tool/Golf Balls $1,375.50 Postage $270.20 Dining Room $3,899.13 TOTAL REVENUES $11,830 (Still waiting for two more single registration checks ) Total w/ TOTAL EXPENSES $11,955.13 Checks $11,920 ENDING BALANCE 2002: ($125.13) ENDING BALANCE 2001: ($5,290.78) • ENDING BALANCE 2000: ($3,469.61) CITY OF COTTAGE GROVE • PRESS RELEASE Fax To: South Washington County Bulletin 651-459-9491 St. Paul Pioneer Press 651-228-5113 Attn: Becky Byers Minneapolis Star and Tribune 612-673-4359 MN Real Estate Journal 952-885-0818 Economic Development Assoc. MN 651-290-2266 Metro East Development Partnership 651-223-5484 City Business 612-288-2121 MN Dept. Trade & Economic Development 651-296-1290 • MAEDC 651-290-2266 From: Scott Johnson, Management Analyst Date: August 29, 2002 Re: 2002 Cottage Grove EDA Golf Outing FOR IMMEDIATE RELEASE Contacts: Michelle Wolfe 651.458-2882 Ryan Schroeder 651.458-2822 • • Cottage Grove EDA Golf Outing Held at River Oaks Golf Course Cottage Grove, MN. The Cottage Grove Economic Development Authority sponsored a golf tournament at River Oaks Golf Course in Cottage Grove on August 20, 2002. The tournament brought together architects, builders, planners and development experts. This year's tournament was a sell out with 131 golfers. Our 23 tournament sponsors included; Benson-Orth, Bonestroo, Rosene, Anderlik, and Associates, Xcel Energy, Opus, TKDA, Cogentrix, Cottage Grove Area Chamber of Commerce, KKE, Metro East Development Partnership, Springsted, MMIC Benefits, South Washington County Bulletin, First Industrial, WSB & 411 Associates, Cottage View Drive-In Theatre, Ehlers & Associates, 3M, Welsh Companies, Kraus Anderson Construction, Knutson Construction Services, Marathon Ashland, Anchor Bank, and Olson General Contractors. Thank you to all of our sponsors for making this year's tournament a success! The Economic Development Authority is an organization designed to bring new development opportunities to the City of Cottage Grove. The August 20th EDA Golf tournament brought development professionals from all around Minnesota and exposed them to the development possibilities in Cottage Grove. Participants in the golf tournament were able to hear first hand about the new development opportunities and saw the debut of the 4111 city's new marketing video. "11Ank . GROWTH PARTNERS 2003 Golf Outing Sponsorship Levels and Descriptions The Golf Tournament Will be Held August 19th, 2003 at the River Oaks Golf Course, Cottage Grove, MN Single Registration - $55.00 Total Value - $65.75 Foursome Registration - $200.00 Total Value - $263.00 Bronze Hole Sponsorship - $200.00 — includes hole sponsorship and tag board, no foursome Total Value - $220.00 • 1 Silver Tournament Sponsor - $350.00 — includes foursome, hole sponsorship, designation at the banquet, and notation with logo in the annual report (distribution list of 1,200) Total Value - $1,763.24 Gold Growth Partner- $1,500 — includes sponsorship of a postcard with your company's logo (distribution list of 1,200), foursome, hole sponsorship, designation at the banquet, and notation with logo in the annual report (distribution list of 1,200). Total Value - $2,785.64 Platinum Growth Partner- $2,000 — includes notation in the annual report (distribution list of 1,200), sponsorship of a spring or fall postcard with your company's logo (distribution list of 1,200), hole sponsorship, and a foursome. Total Value - $4,963.64 City of Cottage Grove • 7516 80th Street South • Cottage Grove, Minnesota 55016 410 (651)458-2882•econdevncottage-grove.org City of Cottage Grove • Memo To: Economic Development Authority Members , From: Michelle Wolfe, Assistant City Administrator \VA(' Date: 9/6/2002 Re: Special Events We have had or are in the process of scheduling several special events recently, allowing us to celebrate new businesses in Cottage Grove. . 1. The Applebee's Groundbreaking took place on Tuesday, September 3. The event was highly attended and was taped for airing on the Community and Economic Development TV Show. 2. A ribbon-cutting ceremony is scheduled for Monday, September 9 at 2:00 for American AGCO. On this date they are having their annual vendor show and will incorporate the ceremony into that event. 3. Country Inn and Suites is planning a grand opening event for October 1. No details about that event are available as of this writing. • G:\Economic Development\E D A\Documents\2002\Sept 02 Special Events.doc City of Cottage Grove • Memo To: Economic Development Authority Members From: Michelle Wolfe, Assistant City Administrator Date: 09/06/02 Re: Budget Update At the September 4 City Council meeting the Council took the following actions regarding the proposed 2003 budget: 1. Set the truth in taxation hearing date for Monday, December 16 at 6:30 p.m. • 2. Adopted a resolution approving the 2003 preliminary budget The preliminary budget adopted by City Council was for total expenditures of $21,061,760, of which $10,741,190 is for the General Fund and $178,100 is for the EDA budget. 3. Adopted a resolution approving the 2002 property tax levy for taxes collectable in 2003. The Council approved a preliminary tax levy in the amount of $7,893,000 for the general levy (which includes $125,000 for the EDA) and $1,193,300 for the debt levies. This preliminary levy amount represents the maximum allowed per levy limits. The Council will adopt a final levy at the second meeting of December, at which time the tax levy amount could go down but will not go up. • C:\WINDOWS\TEMP\Sept 02 Budget Update.doc City of Cottage Grove • Memo To: Economic Development Authority Members From: Michelle Wolfe, Assistant City Administrator ,il/i� Date: 9/6/2002 1 Re: Grove Plaza Pond Update Per the contractor for the fence portion of the project, delivery of the fence material is expected by September 16. Fence construction should be completed by September 23. The landscaping contractor will be kept informed as the fence project progresses so the landscaping portion of the project can commence immediately following the completion of fence installation. • G:\Economic Development\E D A\Documents\2002\Sept 02 Pond.doc City of Cottage Grove • Memo To: EDA Members � // (ir From: Michelle Wolfe, Assistant City Administrator Date: 9/6/2002 Re: EDA Member Terms At the end of 2002, terms for three current members of the EDA will expire (see attached list.) It has been many years since the EDA has experienced this many term expirations, and we are aware that at least one member will not be • continuing to serve on the board. Therefore, it seems prudent to begin discussions at this time, to ensure a smooth transition into 2003. During the past year or so there have been some suggestions on possible authority members. In light of those discussions we have made some inquires with some possible authority members: Jeff Freeburg, Renewal by Andersen Barb Gerlach or Greg Moore, Advance Corporation Local Business Bankers • G:\Economic Development\E D A\Documents\2002\Sept 02 EDA Terms.doc City of Cottage Grove • Memo To: EDA Members From: Michelle Wolfe, Assistant City Administrator � kg/t4 Date: 9/6/2002 Re: Park and Ride Update At the September 4 meeting, the City Council directed staff to forward comments regarding the 30 percent park and ride plans to MNDOT. On October 2, the 90% plan is scheduled to be completed, with the final plans completed by October 30. • On November 20th, it is planned that City Council will be asked to approve advertisement for bids, with a bid award scheduled for the December 18 meeting. Spring construction is planned. Staff is working with MNDOT on a Cooperative Construction Agreement and with Met Council/Met Transit on a maintenance agreement. Both of those items will be brought to the City Council for approval. The City Council already approved a joint powers agreement with Washington County for joint ownership of the property. A recent count at the Rodeo park and ride location found 180 cars at the lot using the lot. Met Transit anticipates that this number will increase with the end of summer vacations. • • G:\Economic Development\E D A\Documents\2002\Sept 02 Park and Ride.doc . City of Cottage Grove 0 Memo To: Economic Development Authority Members From: Michelle Wolfe, Assistant City Administrator 60 Date: 9/6/2002 Re: Calendar American AGCO Ribbon Cutting September 9, 2:00 EDA Meeting September 10 0 Country Inn and Suites October 1 Grand Opening EDA Meeting October 8 Elections November 5 EDA Meeting November 12 • G:\Economic Development\E D A\Documents\2002\Aug 02 Calendar.doc Ther e o East Broadcast The Metro East Development Partnership is seeking They reported that office absorption for the first six moi new office space. Our current occupancy agreement with of 2002 totaled just 13,840 square feet. In the past ten years the Saint Paul Area Chamber of Commerce expires on the region has averaged 1.5 million square feet annually. The October 31 and will not be renewed. We are seeking vacancy rate in the Saint Paul CBD is 20.4% with sublease approximately 1,000 to 1,500 square feet of space. A Saint space bringing the rate to 22.8%. Industrial vacancies for the Paul location is preferred but not required. If you know of region are 22.4% in Dakota County, 14.1% in Washington some suitable space,please feel free to contact David County and 16.4% in St. Paul and Ramsey County. The Piggott at(651)265-2760 or email him at average net rents for office/showroom space in the metro are piggott(a,,medp.org. $9.40 for office and$4.69 for warehouse. The MEDP Strategic Planning Committee is The City of Hastings has announced a new 225,000 square continuing discussions with other organizations foot commercial development that will include a Target interested in forming a strategic alliance in order to and Cub Foods stores. The City of Vadnais Heights has best utilize resources. The economic downturn and announced that Sidney's Restaurant will be opening this changes in Minnesota's property tax law and state aids November. The 7,581 square foot facility will be located on to cities have resulted in an investment crunch for all County Road E near I-35E. Marcus Corporation is membership organizations. The committee is seeking considering a 120-room Baymont Inn and Suites next to the Prom Center in Oakdale. Home Depot has plans to convert to leverage MEDP's resources and expertise along the former Big K(K-Mart) in Forest Lake. The store is with those of complementary organizations in order to 96,000 square feet. ensure the continuation of quality economic develop- ment services. Jeff Redmon of Redmon Law is The 5th Annual MEDP Golf Outing that had been chairing the committee. Other members are Mark scheduled for August 12 was canceled due to low pre- Beattie of 3M, Mayor Kathleen Gaylord of the City of registration. Although a large number of people tried to South Saint Paul, and Ryan Schroeder of the City of register after the deadline, we had to cancel the event or we• Cottage Grove. Please feel free to contact David would have been liable for a large minimum payment. Thank Piggott if you would like more information about this you to all who registered and to the sponsors. process or if you know of any potential investors or members. United Properties Midyear Outlook states that the office market may slide for another 12 months before it hits The 2002 EDAM Awards were announced this summer bottom. They noted that the retail market has been the and several Metro East entities were winners. The City bright spot for development with vacancy rates in retail of Cottage Grove won the award in the Business Attraction dropping from 6.8%to 6.1%. Average retail rates are category by landing three new businesses in their industrial currently around $14.89. The strong retail market is being attributed to strong growth in the discount store category and park in 2001. The Dakota County Economic Development Partnership won in the Marketing Brochure category for its continued success in the expansion and repositioning at publication aimed at the Chinese market. The publication regional shopping center. was printed in Mandarin Chinese and English. The Burnsville Commercial Real Estate Council won in the Thank you to the City of Red Wing for hosting an Marketing Event category for their Road Rally that excellent July Connections event! showcased 10 properties in the city. Curt Milburn of the Phalen Corridor Initiative was recognized as Economic Development Practitioner of the Year for his work on Saint MEDP Paul's East Side. MEDP was recognized with an honorable 401 North Robert Street, Suite 150 mention in the Marketing Event category for its Metro East -' Saint Paul,MN 55101 Opportunities Conference held in conjunction with the (651)224-3278 fax(651)223-5484 Minnesota Real Estate Journal. Congratulations to all. www.medp.org The Mid-Year Towle Report indicates that office and industrial vacancies continue to rise throughout the Metro. Volume III, Issue VIII, August 2002