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HomeMy WebLinkAbout1999.07.13 PACKET Secretary • CITY OF COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY AGENDA TUESDAY, JULY 13, 1999 7:30 A.M. S 1. Call to Order 2. Roll Call 3. Approval of June 8, 1999 Minutes 4. Business Items A. Project Updates B. Recommendation for New EDA Member C. Proposed 2000 EDA & Economic Development Fund Budgets D. EDA Annual Report and Introduction Letter E. Genesis Business Center Site Visit F. Other Site Visits: North Star Plastics and Cogentrix G. Annual Golf Outing H. Marketing/Advertising Update 5. Miscellaneous Business Items 6. Adjourn \\CG_FS1\SYS\GROUPS\PER_ECON\Dan\EDA Agenda July.doc • City of Cottage Grove Memo To: Economic Development Authority Members From: Michelle A. Wolfe, Assistant City Administrator J,APt--c) Date: 07/09/99 Re: Project Updates Item 4A METRO EAST We have been very active with Metro East this past month. On June 29, there was a • site visit with a company at the Industrial Park. Staff responded to a proposal on July 2, and is preparing another response due July 16. Staff will update the EDA about these three projects at the July 13 meeting. HOTEL/RESTAURANT/OFFICE As per your direction at the previous meeting, City Administrator Schroeder forwarded a letter to the School District. (See attached copy.) FACTORY OUTLET CENTER I sent a letter to the consultant with information about the city, inviting him to visit anytime he is in the Twin Cities area. POST OFFICE They continue to work on the site plan. City staff has not seen revisions since making comments on a previous draft. The USPS is currently negotiating for additional land. GROVE PLAZA Staff met with KKE Architects and attorney Peter Coyle on July 7. We can provide an IPupdate at the meeting. \\CG_FS1\SYS\GROUPS\PER_ECON\MA\MEDA Memos\July 99 Proj Update.doc RENEWAL BY ANDERSEN I am working with representatives from Renewal on the next DTED progress report. An additional 53jobs have been created since the last report in January. This represents a • P rY P total of 92 jobs created to date. OFFICE/WAREHOUSE PROJECT Staff is aware of some various needs for office space, along with some inquiries in this area. For example, along with general inquiries about office space availability, we are aware that Renewal is going to need additional office space. Further, if we proceed with a Genesis Business Center-type project, it would require office space. Therefore, we have been researching various options. Last week, City Administrator Schroeder met with a builder who is potentially interested in building an office facility near the industrial park. We can provide more information at the meeting. MISCELLANEOUS • Responded to an inquiry from a bank regarding small business loan program • Responded to an inquiry about the Enterprise Fund. • Responded to an inquiry from a broker regarding information regarding existing buildings and lots for sale. • Assisting local office owner with space coming available by entering the information • on our database, so we can provide a referral if any inquiries come in. • Responded to a request for information regarding city water/sewer requirements, for a company "considering" a move to Cottage Grove. • Attended a meeting with the Planning Department regarding possible development near Menard's. • Planning continues to receive inquiries on the property between Champion Auto and Amoco. We are evidently one of four communities being looked at for a business expansion project that I do not have much information about at this time. Key decision-makers were out of the office until mid-June. I have been trying to obtain an update on this possible project. • \\CG_FS1\SYS\GROUPS\PER_ECON\MAW\EDA MemosUuly 99 Proj Update.doc June 17, 1999 Superintendent Dan Hoke South Washington County Schools District Service Center 7362 East Point Douglas Road South Cottage Grove, MN 55016-3025 Dear Dan, As you know, the Cottage Grove Economic Development Authority has been working with a hotel/restaurant developer in an effort to bring an improved level of service to the community. After a review of available sites, and after becoming aware that the School District appeared interested in entertaining offers on the remnant parcel on East Point Douglas Road, we requested the developer to approach the District on your site. I understand that the developer has made an offer on the site. I further understand that this offer may be short of the appraised value on the site. At their meeting of June 8, 1999 the Economic Development Authority directed that I forward a letter informing you and the Board of the EDA interest in this project. While the EDA has not delved significantly into project details at this point, the project concept is one that they support and one that they believe could be an asset to this community. Therefore, the EDA respectfully requests that the Board take the opportunity to review the project further to determine if the School District could accomplish its goals and at the same time facilitate development of this project or some variation thereof. This project is still young in its stage of development. However, if it continues to be pursued on the District site, I would make every effort to work towards a positive development for your adjacent uses. Thank you for your assistance with this matter. Sincerely, • Ryan R. Schroeder City Administrator • City of Cottage Grove 0 Memo To: Economic Development Authority Members From: Michelle A. Wolfe, Assistant City Administrator044) Date: 07/08/99 Re: Recommendation for a New EDA Member Item 4B At the June EDA meeting, we discussed the need to replace Donna Boehm, who resigned in May. I contacted both of the individuals suggested at the meeting. Both are interested in the EDA and would like to participate, but for different reasons, do not feel they can at this time. • I did receive one other suggestion from a City Council member. The suggestion was to contact Shannon Green of Renewal to see if she is interested. I spoke with Shannon, and she is interested. I did not receive any additional suggestions. ACTION REQUIRED Prepare a recommendation to City Council for a new EDA member. This item can be placed on the July 21 regular meeting agenda. Ill \\CG FS1\SYS\GROUPS\PER_ECON\MA\MEDA Memos\July 99 New Member.doc City of Cottage Grove • Memo To: Economic Development Authority Members From: Michelle A. Wolfe, Assistant City Administrator ptAtt ) Date: 07/08/99 Re: Proposed 2000 EDA and EDF Budgets Item 4C Attached is a copy of the proposed budgets, which were recently submitted to the Finance Department. The budget team will review department budgets during the week of July 12, with the EDA/EDF budgets scheduled for July 16. In general you will see • changes because of the staffing changes that were made this year. Otherwise, there are not many significant changes from previous years. EDA The Mission remains the same as in previous years. It is taken from the EDA's Strategic Plan. The Description of Activity also remains the same. The Major Objectives for 2000 has been updated. Some are similar to previous years, then we added a few new ones and re-worded a few. We used the Strategic Plan and Work Plan as a guide for developing year 2000 objectives. At this time we are still working on putting together the data regarding the impact measures. In terms of the financial aspect of the EDA budget, the following are highlights: • The Engineering Services line item was increased by $1000 to reflect what has actually been spent the past two years. • The advertising line item was increased to reflect a possible 5% increase in rates for Minnesota Real Estate Journal ads (as quoted to me), or to allow for possible changes in our advertising plan. • The overall budget is proposed to increase 2.9%. • \\CG_FS1\SYS\GROUPS\PER_ECON\MAw\EDA Memos\July 99 Budget.doc ECONOMIC DEVELOPMENT FUND (EDF) • The Mission and Description of Activity are the same as in previous years. As with the EDA budget, the Major Objectives was revised. And, as previously mentioned, we are still gathering the data related to the impact measures. The biggest change is in the Personnel Schedule. Previously, 1 Full-time Director and .5 Secretary were shown in this budget, for a total of 1.5 full-time equivalents. However, based on actual time spent in previous years, the Secretary spent approximately 25% or less of his time on Economic Development activities. Further what we are showing for 2000 is a guess. We still anticipate time spent by the Secretary, and we may have slightly underestimated the time spent by the City Administrator and myself. This does not dictate what time will be spent; rather, it is an estimate used for splitting personnel costs. The bottom line is that the necessary time will be spent to meet the objectives and get the job done. Because of the changes in staffing, we are projecting some savings in personnel-related costs. Other highlights of the EDF budget include: • A decrease in Office Supplies and Operating Supplies. This is based on what has actually been spent the past few years. • Postage is increased, to reflect the cost of mailing the Annual Report to a much larger audience. • Printing is increased to reflect the Annual Report and the possible need to print more • copies of the "Growth Partners" brochure, or to print a new marketing brochure. • Advertising is increased to reflect a potential 5% increase in rates. • Travel and Training is reduced, based on an assessment of the training needs. • Special Events has been increased to reflect the actual past history expense of the golf tournament. • Overall, this budget is projected to decrease 29.95%, primarily because of the change in staffing. ACTION REQUIRED Provide direction, thoughts and changes, so that they can be reflected as we review the proposed budgets in the coming weeks. • \\CG_FS1\SYS\GROUPS\PER_ECON\MAW\EDA Memos\July 99 Budget.doc • FUNCTION DEPARTMENT DIV NO ACTIVITY General Gov't Economic 12 EDF Development Economic Development MISSION Facilitate economic growth in Cottage Grove by implementing business retention, expansion and attraction programs. DESCRIPTION OF ACTIVITY The Economic Development Department is responsible for the administration, coordination and implementation of all activities included in the Economic Development Annual Work Plan. Time is focused around business retention, expansion, attraction and resource management. MAJOR OBJECTIVES FOR 2000 1. Continue Public Relations and Marketing Campaign to heighten awareness of Cottage Grove in the development community. 2. Provide ongoing support to the Economic Development Authority by coordinating meetings and events in 2000. 3. Continue to work with Industrial Park owners in developing and promoting the Cottage Grove Industrial Park. 4. Develop a new strategic plan through 2005. 5. Implement business retention and expansion program. _ 6. Monitor changes in legislation regarding Economic Development tools and other areas that impact the City's ability to attract and retain jobs and tax base. • IMPACT MEASURES • Actual Actual Estimated Projected Item 1997 1998 1999 200 Proposals Prepared Sales Visits Developers & 13 15 15 Brokers EDA Meetings 13 13 12 12 OUTCOME MEASURES 1. Number of new businesses expanding or locating in Cottage Grove. Personnel Schedule Actual Actual Recommend Adopted Position Title 1998 1999 2000 2000 City Administrator 0 .10 .10 Assistant City 0 .25 .25 Administrator Management Analysts 0 .54 .54 Economic Development 1.00 0 0 • Director Secretary .50 0 0 IP • Summary Budget Program No 9280 Six Month 1997 1998 1999 1999 2000 2000 Actual Actual Budget Actual Recommend Adopted Revenue Property tax 27,094 27,120 45,000 Other 7,975 8,276 Interest 6,831 7,794 7,000 Loan 21.371 18,047 65,500 - Total revenue 63,271 61,237 117,500 - Expenditures Personnel 80,671 68,022 84,600 22,538 Commodities 745 371 1,100 29 Contractual 27,186 37,014 24,500 5,495 Transfer out 2,000 Capital outlay - - - - - - Total 108,602 105,407 112,200 28,062 Fund balance Beginning balance 444,151 398,820 354,650 Revenue 63,271 61,237 117,500 Expenditure 108,602 105,407 112.200 • Ending balance 398.820 354,650 359,950 Restricted for interfund loan 305,300 257,800 210,300 1.!20008 UD War9280.DOC • • City of Cottage Grove Department Budget Request Fund 280 Pent rate 0.0518 1:12000bud1(DET9280.rds)Sheetl • Department Economic Development FICA rate 0.0765 • Program 1130 Group ins 385 6/2499 W/C rate 0.0038556 Percent Over(Under) 1998 1999 2000 Prior year Object Code Description Actual Budget Detail Request Budget Actual Comments Personnel: 4100 Salaries Wolfe,Asst Admin 1§25% 16,800.00 Schroeder,City Admin 10% 8,000.00 Barrett,Analyst at 27% 8,800.00 King,Analyst at 27% 8,800.00 Total 4100 54,925.21 67,000.00 42,400.00" 4110 Overtime 0.00 0.00 0.00 0.00 4120 Salaries part time 1,800.00 1,800.00 BA-OJT worker 0.00 1,800.00 4141 PERA 2,535.84 3,500.00 2,200.00 2,200.00 4142 FICA 4,161.08 5,300.00 3,400.00 3,400.00 4144 Group Insurance 6,100.00 6,700.00 0.00 4148 Worker's Comp 300.00 300.00 200.00 200.00 Total Personnel 68,022.13 84,600.00 60,000.00 -40.90% -26.49% Commodities 4200 Office Supplies • 500.00 Total 4200 81.45 600.00 500.00 4210 Operating Supplies 400.00 Total 4210 289.42 500.00 400.00 Total Commodities 370.87 1,100.00 900.00 -18.18% 142.67% Contractual Services 4300 Professional Svcs Marketing,Brochure Design,Aerial Photos, 5,000.00 1998 without Jean Thome Caterer/Canopy for Golf Event,Courser Service $3,800 Total 4300 17,290.72 5,000.00 5,000.00 4305 Fees For Service 1,000.00 Total 4305 0.00 1,000.00 1,000.00 4310 Communications 300.00 Total 4310 0.00 300.00 300.00 4311 Postage Page 1 y City of Cottage Grove Department Budget Request • Fund 280 Pera rate 0.0518 I:\2000budl(DET9280.xls)Sheet1 Department Economic Development FICA rate0 0.0765 Program 1130 Group ins 385 6/24/99 W/C rate 0.0038556 Percent Over(Under) 1998 1999 2000 Prior year Object Code Descnption Actual Budget Detail _ Request Budget Actual Comments 1,200.00 Mailing Annual Report: 1600 @ 5.55=$880 Total 4311 0.00 1,000.00 1,200.00 Also,postcards fo golf outing,info letters,etc. 4340 Printing Annual Report 4,000.00 Increase for Annual Report; Marketing Brochure 1,400.00 This year$3402 Brochure-in 1998,$1350 Total 4340 2,009.31 2,200.00 5,400.00 4341 Advertising 4 ads in MNREJ Leasing Guide (4'793) 3,200.00 MNREJ-5%Increase Misc Ads as needed 1,900.00 over 1999. Total 4341 5,250.00 4,800.00 5,100.00 . • 4371 Maintenance/Repair Other • 0.00 Total 4371 40.00 0.00 0.00 4401 Dues/Subscriptions Metro East 2,500.00 • City Business Subscription 100.00 MAEDC 300.00 AEDC 300.00 Chamber? 1,500.00 Misc 400 Total 4401 4,617.00 5,000.00 5,100.00 4403 TravelTrain/Conferences Ass't,National Conference (1500'25%) 400.00 Asst,State Conference (500.25%) 100.00 TIF Seminar 200.00 Mileage Reimbursement 300.00 Local Meetings:Seminars 400.00 Analyst Seminar 200.00 Total 4403 3,560.17 3,000.00 1,600.00 4434 Special events Plaques,Golf Tournament,Bus Tour,other 2,500.00 Golf Toum-1998-$2485.41 Total 4434 3,999.68 1,700.00 2,500.00 4445 Sales Tax 247.56 500.00 500.00 500.00 Total Contractual Svcs 37,014.44 24,500.00 27,700.00 13.06% 8.65% Capital Outlay: 4520 Fum&Office Equip 0.00 0.00 0.00 0.00 111, Page 2 City of Cottage Grove Department Budget Request Fund 280 Pere rate 0.0518 I:'2000bud\[DET9280.xls]Sheet1 • ' Department Economic Development FICA rate 0.0765 Program 1130 Group ins 385 6r2499 W/C rate 0.0038556 Percent Over(Under) 1998 1999 2000 Prior year Object Code Description Actual Budget Detail Request Budget Actual Comments Total Capital Outlay 0.00 0.00 0.00 0.00% 0.00% Other Financing Uses: 4700 Transfers Total 4700 0.00 2,000.00 0.00 Total Other Financing 0.00 2,000.00 0.00 0.00% 0.00% Total Department 105,407.44 112,200.00 78,600.00 -29.95% -25.43% • • Page 3 7 FUNCTION DEPARTMENT DIV NO ACTIVITY • General Gov't Economic 285-12 EDA Development MISSION The Economic Development Authority works with its partners to encourage business and industry, and the creation of quality jobs in the City of Cottage Grove using all tools and methods that are appropriate. As we implement this mission, we will be mindful of the following guiding principles: Encourage quality commercial and industrial development that enhances the quality of life for Cottage Grove's citizens and is compatible with the City's Comprehensive Plan. Utilize sound financial practices in using incentives to attract and expand businesses in the community. Consider the use of incentives in instances where they will promote quality jobs and development for the City. Recognize the interdependence of the private and public sector in a healthy community and foster a spirit of cooperation between the two sectors. DESCRIPTION OF ACTIVITY The Economic Development Authority is a paid group of citizens or business persons that provide public development in various activities to promote economic growth in the City. Activities include strategic planning, program implementation, financial program management, n and industrial park development. MAJOR OBJECTIVES FOR 2000 1. Develop methodology and process for land conveyance with the Glendennings. 2. Host or make 20 business site visits. 3. Locate or expand 10% of the businesses making site visits. E_ 4. Expand marketing campaign targeting companies with leases expiring, increase follow-up. • 5. Explore new Economic Development tools such as partnering with a spec office i•_ • warehouse and small enterprise ventures. 6. Implement aggressive marketing utilizing direct mail, site visits, advertising, web site, , , cable TV and special events. 7. Enhance retail opportunities in Cottage Grove by developing relationships, tracking available space and land, and remaining cognizant of development plans. IMPACT MEASURES Actual Actual Estimated Projected Item 1997 1998 1999 200 EDA Meetings Land (acres) Sold — Industrial 0 Land (acres) Sold — Commercial OUTCOME MEASURES 1. Ratio of public funds to private funds leveraged in development projects the City has participated in financially. Personnel Schedule 411 Actual Actual Recommend Adopted Position Title 1998 1999 2000 2000 None i • Summary Budget Program No 1135 Six Month 1997 1998 1999 1999 2000 2000 Actual Actual Budget Actual Recommend Adopted Revenue Interest 10,222 11,656 7,000 Miscellaneous 20,503 30,000 Total revenue 10,222 32,159 37,000 Expenditures Personnel Commodities 79 Contractual 14,822 28,515 44,900 3,320 Other charges Capital outlay - - - - - Total 14,901 28,515 44,900 3,320 Fund balance Beginning balance 241,177 236,498 240,139 Revenue 10,222 32,156 37,000 Expenditure 14,901 28,515 44,900 Transfer - - 138,900 Ending balance 236,498 240,139 371,139 • 1.12000BUDWar1135.DOC City of Cottage Grove Department Budget Request Fund 285 Pera rate 0.0518 1:12000bud4DET1135.xls)Sheetl • Department Econ Dev Authority FICA rate 0.0765 Program 1135 Group ins W/C rate 0.0044 5/2499 Percent Over(Under) 1998 1999 2000 Prior year Object Code Description Actual Budget Detail Request Budget Actual Comments Commodities 4200 Office Supplies 0.00 Total 4200 0.00 0.00 0.00 Total Contractual Svcs 0.00 0.00 0.00 0% #DIV/0! Contractual Services 4300 Professional Svcs 11,000.00 Total 4300 2,836.51 11,000.00 11,000.00 4301 Engineering Svcs 8,700.00 Total 4301 0.00 8,700.00 8,700.00 4302 Legal service 11,000.00 Spent a little over$11,000 Total 4302 11,213.93 10,000.00 11,000.00 past two years. • 4305 Fees For Service EDA Per Diem: 7 la$30/mtg•12 mtgs. 2,500.00 Misc.as needed 1,800.00 Total 4305 2,481.63 4,300.00 4,300.00 4311 Postage 400.00 Total 4311 0.00 400.00 400.00 4341 Advertising 12 issues.MN Real Estate Journal (12'793) 9,500.00 Others as needed 1,100.00 5%Increase for MNREJ. Total 4341 11,783.40 10,300.00 10,600.00 4350 Insurance 200.00 Total 4350 200.00 200.00 200.00 4445 Sales Tax 0.00 0.00 0.00 0.00 Total Contractual Svcs 28,515.47 44,900.00 46,200.00 2.90% 4.56% Total Department 28,515.47 44,900.00 46,200.00 2.90% 62.02% • Page 1 City of Cottage Grove • Memo To: Economic Development Authority Members From: Michelle A. Wolfe, Assistant City Administrator Date: 07/08/99 Re: EDA Annual Report and Direct Mail Item 4D We finally have our Annual Report completed and back from the printer. This has been a longer project than originally anticipated, with all of the changes we made this year. However, staff believes that this is an impressive marketing tool and will be of great value to our Economic Development efforts. In addition, now that we have made the • changes, next year's Annual Report should be much easier to complete and should be ready in January, as previous years. This week, we plan to mail out the Annual Report and the attached letter to the following: ❖ Our newly-created mailing list of 415 brokers, bankers, architects, engineers, general contractors, utilities, and government representatives. ❖ The Chamber mailing list. The attached letter was drafted to introduce our staff to those who are new to the mailing list, and to those who are not yet aware of some of the changes we have made this year. It is also an effort to illustrate our commitment to continuously improve our service level. Your packet will include a copy of the Annual Report. I \\CG_FS1\SYS\GROUPS\PER_ECON\MAW\EDA Memos\July 99 Annual Report.doc a . Dear Business Representative, The City of Cottage Grove understands the needs of growing businesses, and wants to work to build lasting partnerships. Toward this end, the City has reformatted its approach to business needs. We believe the result will be an enhanced service delivery model in the manufacturing sector, while focusing efforts in commercial development as opportunities arise. Our top administrative positions have been assigned to business retention and attraction duties. Our team leader will be.Michelle Wolfe, who as our Assistant City Administrator brings with her a unique ability to work collaboratively to achieve desired results. Ryan Schroeder, our City Administrator, who has a broad array of development experience in both the public and private sectors, will join her. Other members of the development team include Kim Lindquist, Community Development Director, Elizabeth Johnson, Finance Director, and • Chief Building Official Bob LaBrosse. Steve Barrett, Dan King, and Neil Belscamper will support our lead personnel. With our new team we can commit to the business community that our level of service will be unsurpassed. Enclosed is the 1998 Cottage Grove Economic Development Authority Annual Report, which illustrates highlights of 1998. Further, the Annual report outlines how we build on success, through our mission and five-year goals. The City is proud of these recent accomplishments, and wants to work with you to create opportunities for the future. Cottage Grove is in the business of helping businesses grow and prosper. If there is any assistance we can provide to you, please contact Michelle Wolfe at 458-2882. We look forward to working with you in the future. ipncerel , • Mayor Jack Denzer F:\GROUPS\PER_ECOMEconomic Development\Mayors Letter2.doc • City of Cottage Grove i Memo To: Economic Development Authority Members From: Michelle A. Wolfe, Assistant City Administrator Date: 07/08/99 Re: Genesis Business Center Site Visit Item 4E On June 24, City Administrator Schroeder, Community Development Director Lindquist and I visited the Genesis Business Center location in Columbia Heights. Harlan Jacobs gave us background information and then we visited three of the companies currently located at this site. It was very interesting. • After completing the site visit, we felt that it would be beneficial for EDA members to make a similar site visit. (You should have received a packet of information about Genesis Business Center, and perhaps the video.) Mr. Jacobs has offered to provide a similar tour to any EDA members who are interested. At the EDA meeting, I would like to know if any of you are interested in arranging a site visit. We can select a couple of dates, and then coordinate with Mr. Jacobs. Meanwhile, staff will continue to explore the possibilities of setting up a similar program here in Cottage Grove. We will plan to discuss this further at the next EDA meeting. If you have any questions, or if you would like a copy of the materials, please feel free to call me at 458-2882. • \\CG_FS1\SYS\GROUPS\PER_ECON\MAW\EDA Memos\July 99 Genesis.doc City of Cottage Grove Memo To: Economic Development Authority Members From: Michelle A. Wolfe, Assistant City Administrator Date: 07/08/99 Re: Cottage Grove Site Visits Item 4F Excerpt from 1999 Economic Development Work Plan: 1999 Goal # 1-1 Support existing industry and assist them with expansion opportunities. • Objective A Implement Business Retention and Expansion Program Task 1: Meet with each manufacturing concern at lest once during 1999 to work on opportunities and challenges. On June 22, City staff visited with Hal Simonds, Plant Manager at Cogentrix (LS Power). He provided an overview of the plant and its operation, then gave us a tour of the facility. We were able to talk about how the City could be of assistance to them. Mr. Simonds was agreeable to serve as a resource when we are working with potential new businesses. We are in the process of ordering hats for the employees of Cogentrix, similar to the hats purchased for Renewal. On June 29, staff met with representatives of Up North Plastics. Again, we were able to talk about challenges and opportunities, which was followed by a tour of the facility. We feel these site visits were beneficial. In the future, we plan to showcase these two businesses as well as others on the cable television show "Cottage Grove —Your Development Partner." 1111 F:\GROUPS\PER_ECON\MA\MEDA Memos\July 99 Site Visit.doc City of Cottage Grove • Memo To: Economic Development Authority Members From: Michelle A. Wolfe, Assistant City Administrator Date: 07/08/99 Re: EDA Golf Tournament Item 4G Attached is a memorandum prepared by Dan King. The official invitation for the golf tournament was sent to 415 on the new mailing list. This mailing list was developed using sources such as last year's list, a well as a number of new resources. We have IP already had several phone calls from those interested in reserving foursomes (which are offered at a reduced fee.) In addition, we have some interest in sponsoring holes, and will be making some follow-up calls in this area. We are pleased with the response to our "Hold the Date" postcard, and hope to start seeing the reservations coming in next week. Attachment 0 F:\GROUPS\PER_ECON\MA\MEDA Memos\July 99 Golf.doc City of Cottage Grove Memo To: Michelle Wolfe From: Dan King lf b� Date: 07/08/99 Re: EDA Golf Tournament Update Invitations to the Tournament were sent on Thursday, July 8th, with RSVP's due August 10th. A fee of$30.00 is being charged this year to help offset some of the costs, but this will by no means be a fund raising venture. Hole sponsorships will be offered for $150.00 this year, and we will solicit from some of the same sources that contributed last year. • Two caterers are being considered, Tinucci's and Catering By Joyce. Joyce would be able to do a barbecue if desired, and is sending a proposal over very soon. The cost either way will be between $10.00 and $12.00 per person. Caps for the event have been quoted at $6.90, the City Logo is on the front, with "City of Cottage Grove" on top and "Economic Development Authority" underneath. "River Oaks Golf Course" will be on the back. Prizes being considered include rounds of golf and gift certificates to River Oaks, as well as umbrellas, golf towels, and Polo Shirts. We also have about 25 sleeves of golf balls with CG EDA printed for door prizes. • F:\GROUPS\PER_ECON\Dan\Memo Template.doc City of Cottage Grove • Memo To: Economic Development Authority Members From: Michelle A. Wolfe, Assistant City Administrator ill Date: 07/09/99 Re: Marketing/Advertising Update Item 4H This item is intended as a summary of some of our marketing and advertising activities. CABLE TELEVISION SHOW • The first show was taped in early June and has been airing since. We taped the second show on July 8, and it will begin airing next week. The sow is called "Cottage Grove — Your Development Partner." Kim Lindquist and I talk about current Economic Development and Community Development issues. We are still pretty new at it, and hope that we can find ways to continually improve it. In relation to the show, we have established a Questions and Answer line. Residents and business owners can call the City's Information Line at 458-6057, and leave their question on the system. We will then answer the questions on the show. I am planning a Cottage Grove Reports article about the show and question & answer line for the next issue. DIRECT MAIL We have several direct mail pieces going out at this time. The first is the Annual Report and Introduction Letter, which is going to 415. The second is a letter encouraging Chamber membership, which will be mailed to City vendor's. The third direct mail piece you have seen in an earlier draft form. It was sent on July 5 to leasing agents and owners of office and retail space in Cottage Grove. We modified the letter to include the EDA's suggestion regarding the Web Page. A copy of the letter is attached. ADVERTISING • We are currently planning to place an ad on the Chamber area map and in the Chamber Business Directory. \1CG_FS1\SYS\GROUPS\PER_ECON\MA\MEDA Memos\July 99 Marketing.doc We have been evaluating the advertising plan. Currently, 13 ads are placed with the Minnesota Real Estate Journal (works out to basically one per month). In addition, we • run an ad in the 4 Leasing Guides published by the MNREJ each year. We had been paying for membership in an online directory. We discontinued that earlier this year since we did not get the results we felt we should. Dan King prepared a report on a variety of publications. This report includes circulation and target audience information, as well as preliminary cost information. The cost information is usually somewhat negotiable. I have attached a coy of the report for your review. In looking at the preliminary costs information, we determined the following "cost per circulation" figures, based on the 12-issue cost: PUBLICATION NAME RATE RANK MNREJ .1716 12 Twin Cities Business Monthly .0627 5 Minnesota Business Opportunities .0691 8 Ventures .057 4 Minnesota Technology .09 10 Midwest Business .035 1 City Business .0672 7 • Expansion Management .0628 6 Site Selection .0740 9 U.S. Sites Did not receive media kit yet Office and Industrial Properties .109 11 Business Facilities .0472 3 World Trade .0439 2 For circulation reached, the "best cost" alternatives are those ranked numbers 1, 2 3, and 4. However, we do need to consider the audience reached, and other factors. As we move towards 2000, staff felt it would be wise to review our advertising strategy to determine if we are continuing to spend our dollars wisely. Alternatives include: ❖ Continue our current strategy with the MNREJ, with some additional funds for a few additional ads in other sources. ❖ Choose a new publication or perhaps two to concentrate on for next year. ❖ Look at more partnering with Metro East or others for advertising. ❖ Some combination of the above. • \\CG_FS1\SYS\GROUPS\PER_ECON\MAW\EDA Memos\July 99 Marketing.doc Based on the rates listed above, we contacted those with rankings of 1 through 4, and • asked what they could provide to us with a budget of$5000 - $7,000. We received those proposals, but have not had time to finish analyzing them. (This was based on the concept of splitting our advertising budget between two publications.) However, some preliminary discussion with those in the field indicates that perhaps the current MNREJ strategy is best, but perhaps we should look at expanding our ads (larger ads, for example.) ACTION REQUIRED Staff will review the proposals received; as well as seek input regarding the value of various publications. At this time, I would like input from the EDA as to a year 2000 advertising plan. I a not looking for final decisions at this time, rather, setting direction and focusing on the alternatives that seem most viable. Attachment MAW • • \\CG_FS1\SYS\GROUPS\PER_ECON\MAwEDA Memos\July 99 Marketing.doc • July 9, 1999 «FIRST_NAME» «LAST_NAME_» «ORGANIZATION» «MAILING ADDRESS» Dear «FIRST NAME», The City of Cottage Grove Economic Development Authority would like to work with you and your office to facilitate the growth of business within our city. To this end, we would like your assistance in maintaining up-to-date data of available commercial property within the city, which will be used to refer potential clients to you. The Economic Development Department receives numerous inquiries every week regarding available retail and office space for sale or lease in the city. To • respond to these, our goal is to have an accurate, current, availability list with square footage and general lease/sale terms. This list could then be shared with the inquiring parties, who can contact you directly for more information. By referring possible clients to your agency, we can work toward the overall goal of attracting and expanding business in the community. Therefore, your cooperation in this effort will be beneficial to all involved. To accomplish this, a member of our staff may be contacting your office requesting this information, and we will periodically call to assure its continued accuracy. Additionally, it would be helpful for you to inform our office when any changes occur, such as filling vacancies, new openings, or pending lease changes. As an added convenience for potential clients, the City is considering putting this information on it's Economic Development Web Page. If you are interested in this idea, or would rather we not include this, please call and let us know. You can contact Dan King, Steve Barrett, or Michelle Wolfe with your thoughts on this matter. \\CG_FS1\SYS\GROUPS\PER_ECON\Economic Development\Letter to Brokers.doc 0 The organization of the Economic Development Department has changed recently, and we would like to take this opportunity to briefly introduce the members to you. Leading the Development Team is Michelle Wolfe, Assistant City Administrator; who along with Ryan Schroeder, City Administrator, will coordinate development efforts. Other key members include Kim Lindquist, Community Development Director; John McCool and John Burbank, City Planners; and Elizabeth Johnson, Finance Director. Support staff includes Steve Barrett and Dan King, Management Analysts; and Neil Belscamper, Secretary. The above individuals work in collaboration to support the efforts of the Economic Development Authority Board. Thank you in advance for your cooperation in this matter, we look forward to working with you in the future to facilitate the growth of business in the Cottage Grove area. If you have any questions or concerns, feel free to contact any of the above at 651-458-2800. Sincerely, • Michelle Wolfe Assistant City Administrator • COTTAGE GROVE ECONOMIC • DEVELOPMENT AUTHORITY PUBLISHER RATES FOR MARKETING AND ADVERTISING 1. Publication: MN Real Estate Journal Territory: State Circulation: 4,400, Every other week Target Audience: Developers, Brokers, Financial Advisors, Business Owners Cost for 1/4 page ad: 1X = $755 per ad Also publishes: MN Real Estate Journal Leasing Guide (Quarterly) = $755 per ad Contact: Jeff Johnson, 612-885-0815 (ext. 204) Notes: • This is the City's main publication for advertising, with monthly advertisements, along with ads in the Leasing Guide, for 1999. 2. Publication: Twin Cities Business Monthly Territory: Metro Area Circulation: 33,500, Monthly Target Audience: MN Business Owners, CEO's, Developers Cost for 1/4 page ad: 1X = $2,100, 12X = $1,605 each Contact: Connie Van Housen, 612-336-9214 Notes: Metro East Partnership had an insert in the February Issue, should seriously consider if offered in 2000. September Issue will focus on Economic Development, deadline for submission is July 26. • F:\GROUPS\PER_ECON\Dan\marketing and promotion publications.doc • 3. Publication: MN Business and Opportunity Territory: Metro Area Circulation: 17,000, Monthly Target Audience: Business Owners, CEO's, Developers Cost for % page ad: lx = $1,174, 12X = $898 each Contact: Megan Mitch, 612-844-0400 Notes: Metro East Partnership is sponsoring a supplement to the August Issue. 4. Publication: Ventures Territory: Metro Circulation: 25,000, Monthly Target Audience: Small-Medium Business Owners, CEO's Cost for 1/4 page ad: 1X = $1,425, 12X = $787 Contact: Terry Johnson, 612-338-4288 Notes: • Features an annual "Growth Guide" issue that highlights business support providers in the state. Cost is around $2,400. 5. Publication: MN Technoloay Territory: State Circulation: 20,000, Every Other Month Target Audience: MN Technology and Manufacturing Companies Cost for % page ad: 1X = $1,800, 12X = $1,100 Contact: Michael Armel, 612-337-9888 Notes: September/October Issue will focus on development in the NE part of the state. They have offered to increase the size of any ad free of charge for this issue to encourage participation in 2000. • F:\GROUPS\PER_ECON\Dan\marketing and promotion publications.doc 6. Publication: Midwest Business and Industrial Property 11111 Territory: Midwest Region, 12-state area Circulation: 20,000, Every other Month Target Audience: Business Owners, Developers, Brokers Cost for 1/8 page ad: 1X = $700 3X = $650 Contact: Ridge Tenney, 888-670-3370 Notes: July/August Issue will focus on Minnesota, Deadline is July 2 7. Publication: City Business Territory: Metro Circulation: 19,000, Weekly Target Audience: Business Owners, CEO's, Management Cost for '/ page ad: 1X = $1,276 13X = $1,085 Contact: Tammy Mencel, 612-288-2136 Notes: Publishes annual "Book Of Lists" in December, and "Space" Leasing Guide in the spring and fall. 8. Publication: Expansion Management • Territory: National Circulation: 45,000, Monthly Target Audience: Business Owners, CEO's Cost for 1/4 page ad: 1X = $2,830, 3X = $1,870 Contact: Chris Cheney, 877-530-8801 Notes: www.BPAl.com/circulation_library 9. Publication: Site Selection Territory: National, International Circulation: 45,000 Target Audience: CEO's, Owners Cost For 1/3 page ad: 'IX = $3,332, 12X = 2,482 Contact: 888-299-7836 Notes: Official publication of the International Development Resource Council • F:\CROUPS\PER_ECON\Dan\marketing and promotion publications.doc • 10. Publication: US Sites and Development Territory: National Circulation: monthly Target Audience: Cost For 1/4 page ad: Contact: Tom Reed, 800-366-0676 Notes: Also publishes a quarterly Relocation Journal that is distributed at Trade Shows nation wide to Business Owners and Managers. Cost for 1/4 page ad: 1X = $1,250, 4X = $950 11. Publication: Office and Industrial Properties Territory: National Circulation: 20,000 Target Audience: CEO's, Owners, brokers Cost For 1/4 page ad: 1X = $2,180, 8X = $1,853 Contact: Mike DeAnzeris 617-236-1800 Notes: • 12. Publication: Business Facilities Territory: National, International Circulation: 43,500 Target Audience: Business Owners, Brokers Cost for 1/4 page ad: 1X = $2,054, 12X = $1,788 Contact: Henry Korff, 800-524-0337 Notes: 13. Publication: World Trade Territory: National, International Circulation: 84,000 Target Audience: Mid-Large size companies looking to expand Cost for '/ page ad:1X = $3690, 12X = $3190 Contact: Bob Braiser, 949-789-3515 S F:\GROUPS\PER_ECON\Dan\marketing and promotion publications.doc OTHER FORMATS: Organization of Commercial Realtors Web Site: (OCR) would provide a link to our Web Site from their Web Site (www.00R.org) for a fee of $1,000 per year. Banner ads are also available for an additional $250 per month. Contact: Judy Puhl, 612-988-3136 Notes: This service was discontinued in April 1999 US Real Estate Register: This is an annual reference directory aimed at Property Managers of major businesses and Real Estate Brokers a� worldwide. The City of Cottage Grove is currently listed for no charge under the Economic Development section with CG EDA and a telephone number. The Register also publishes Property Digest. More information is being sent. Contact: Mike Deanzers, 617-236-1800 • • F:\GROUPS\PER_ECON\Dan\marketing and promotion publications.doc