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HomeMy WebLinkAbout1998.04.14 EDA PACKET • Secretary CITY OF COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY AGENDA TUESDAY, APRIL 14, 1998 7:30 A.M. 1. Call to Order • 2. Roll Call 3. Approval of March 10, 1998 Minutes 4. Business Items A. Legislative Initiatives B. Comprehensive Plan C. 1997 Annual Report D. TIF District No. 1-9 E. Project Updates F. Welfare to Work Initiative 5. Miscellaneous Business Items A. Article in Minnesota Industrial Properties B. Volunteer Recognition Event C. Chamber of Commerce Joint Meeting 6. Adjourn • FAGROUPSIPER_ECON\ICEB\EDA Packets\98agenda\April.doc City of Cottage Grove S Memo To: Economic Development Authority Members From: Kirstin Barsness Date: 04/09/98 Re: Legislative Matters INTRODUCTION As the legislative session draws to a dose, staff is pleased to say that a Bill passed to assist in our Tax Increment/Green Acres dilemma. It does not resemble our initial draft legislation, but does allow for a broader set of circumstances in which we can create TIF districts. • The new legislation provides for the creation of TIF districts for qualified manufacturing and distribution projects. To be considered a "qualifying" project, the owner must agree to pay 90% of the employees a wage rate equal or greater than 160% of Federal minimum wage for individuals over the age of 20. It is not the best result, but it is workable. We no longer have to be concerned about square footage requirements—we can help warehousing and distribution companies and there does not appear to be an additional financial penalty for bringing property out of green acres. We will, as has been the case in the past, be cognizant of wage levels of the companies we are assisting. • \\CG FS1\SYS\GROUPS\PER ECON\XEB\EDA Packets\98pcket\Legislative Matters Memo-April 98.doc MEMORANDUM TO: ECONOMIC DEVELOPMENT AUTHORITY MEMBERS FROM: KIRSTIN BARSNESS,ECONOMIC DEVELOPMENT DIRECTOR SUBJECT: MARCH COMPREHENSIVE PLAN EXERCISE SUMMARY DATE: 03/27/98 CO KIM LINDQUIST,COMMMUNITY DEVELOPMENT DIRECTOR Staff has summarized the input given by the EDA through the comprehensive plan exercise completed at the last meeting. Please review the issues and if the information reflects a consensus of the members,I will forward the data to the Planning Commission for their consideration. NEW COMMERCIAL AREAS GREATEST POTENTIAL > Highway 61 and County Road 19 > Drive-in Theater Site ➢ East side of Highway 61 from Jamaica to County Road 19 • GOOD POTENTIAL > 70th Street and County Road 19 ➢ 80th Street and County Road 19 > 100th Street and Hadley > Hinton/Tower Connection ➢ West Draw GATEWAYS > County Road 19 and 70th ➢ County Road 19 and Highway 61 > Highway 61 at the Hastings Border > Highway 61 and 70th Street OTHER CONCEPTS > Regional River Crossing/Bridge: Concept has commercial land use impacts • ➢ County Road 19 developed as a four lane divided parkway • City of Cottage Grove Memo To: Economic Development Authority Members ' From: Kirstin Barsness, Economic Development D14681 Date: 04/09/98 Re: 1997 Annual Report INTRODUCTION The 1997 Annual Report is printed and staff is very pleased with the end result. I think the EDA will agree that Neil Belscamper did a nice job in coordinating the project. • Staff is ready to distribute the Annual Report, but first the EDA needs to accept the document. The Annual Report will be distributed to internal as well as external customers, such as other commissions, brokers, real estate consultants, businesses and other appropriate parties. ACTION REQUIRED The EDA should make a motion to accept the 1997 Annual Report. • \\CG FS1\SYS1GROUPS\PER_ECON\KEB\EDA Packets\98pcketAnnual Report Memo-April 98.doc City of Cottage Grove • Memo To: Economic Development Authority Members 3 From: Kirstin Barsness, Economic Developme or Date: 04/09/98 Re: TIF District No. 1-9 INTRODUCTION On April 8, 1998, the City Council will call for a Public Hearing to establish TIF District No. 1-9. As part of the public process and review, the EDA will need to review the Development Program and Plan. This activity is scheduled to take place on May 12, 1998 with the Public Hearing following on June 3, 1998. • DISCUSSION The establishment of the TIF District is a proactive move by the City to facilitate pending development. We are currently working with prospects, and the use of tax increment is in a few cases necessary to consummate the deal. It is important, however, that should the projects not locate here the TIF District establishment process can either be halted, or the process can be completed but the actual certification of the district can be delayed until a project occurs. Staff is bringing this matter to the EDA's attention at this time to ensure understanding of tax increment and the process. Hopefully, a number of questions about the procedure can be addressed now to facilitate the actual review in May. A time line has been attached for your reference. Any questions you have can be discussed Tuesday morning when staff provides additional background. \\CG FS1\SYS\GROUPS\PER_ECON\KEB\EDA Packets\98pcket\TIF District No.1-9 Memo-April 98.doc APR 08 '98 08:47AM EHLERS & ASSOCIATES P.2/3 4111 Ehlers & Associates, Inc. LEADERS IN PUBLIC FINANCE • SCHEDULE OF EVENTS COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY AND THE COTTAGE GROVE CITY COUNCIL FOR THE MODIFICATION OF DEVELOPMENT DISTRICT NO. 1 AND THE ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 1-9 (an economic development district) As of April 8, 1998 April 8, 1998 City Council calls for public hearing on the modification of Development District No. 1 and the establishment of Tax Increment Financing District No. 1-9. May 4, 1998 Fiscal/economic implications received by School District and County Board • (at least 30 days prior to public hearing). [Sent by May 1, 1998] May 12 , 1998 EDA approves the Plans. May 20, 1998 Date of publication of hearing notice and map.(at least 10 days but not more than 30 days prior to hearing). ISouth Washington County Bulletin publication deadline Friday May 15, 1998 by 5 pm) May 25 , 1998 Planning Commission finds Plans to be in compliance with City's comprehensive plan. June 3, 1998 City Council holds public hearing at 7:30 pm on the modification of Development District No. 1 and the establishment of Tax Increment Financing District No. 1-9 and passes resolution approving the Plans. /Council packet information sent by May 27, 1998) June, 1998 Ehlers certifies Plans with county and state. • 3060 Centre Pointe Drive ' Roseville, Minnesota 55114I4Mann +Rov\rIFI;91scHEDULE PD (612) 697-8500 • FAX (612) 697-8555 • www.ehlers-inc,com Affirmative Aetlon/Eaual O000rtunity Emolover I City of Cottage Grove • Memo To: Economic Development Authority Members From: Kirstin Barsness, Economic Development i' 4,or Date: 04/09/98 Re: Project Updates On Tuesday morning staff will provide an update on the various development projects taking place or under consideration in the community. • S UCG FS1\SYS\GROUPS\PER_ECON\XEB\EDA Packets\98pcket\Project Updates Memo-April 98.doc City of Cottage Grove • Memo To: Economic Development Authority Members From: Kirstin Barsness, Economic Development Dcor Date: 04/09/98 Re: Washington County Welfare to Work Initiative INTRODUCTION Washington County was the fortunate recipient of a grant from the McKnight Foundation to facilitate welfare to work transition between users of current county services and area employers. Funds from the grant have been distributed throughout • the county and have been targeted toward population centers. Cottage Grove, Woodbury, Newport and St. Paul Park are considered one target area and those communities have been working together. DISCUSSION One focal point of the grant is the linking of employers to resources to help them retain employees(both welfare-transitional employees and others). Funds have been allocated for outreach and the South Washington County Group has decided to sponsor a Labor Resources Expo. The idea is to bring together the employers with agencies, both for profit and non- profit, that can provide resources to assist them in managing current labor force issues such as shortages, training, transportation, etc. It is anticipated that the event will take place the week after Labor Day and will be structured as a trade show with scheduled seminar topics throughout the day. Staff wanted the EDA to be aware of this effort. I will be dedicating some time to planning the event which should benefit our local employers. ACG FS1\SYSGROUPS\PER ECONWEBIEDA Packets\98pcketWelfare to Work Memo-April 98.doc