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HomeMy WebLinkAbout4.3c CDA Predevelopment Finance Fund Application General Information Date: __December 13, 2022_____________________________________________________________ Project Name: 100th Street Extension Regional Utility Study Applicant City/Township: Cottage Grove Applicant Address: 12800 Ravine Parkway S, Cottage Grove, MN 55016 Application/Project Contact: Ryan Burfeind Contact Email Address: rburfeind@cottagegrovemn.gov Contact Phone Number: 651-458-2899 Authorized Official(s) for Execution of Contracts (name and title): Myron Bailey/Mayor How much grant funding are you requesting? $40,000 Is the applicant an eligible public entity as defined in the program policy and guidelines? Yes X No __ I. PREDEVELOPMENT FINANCE FUND PROPOSED PROJECT DESCRIPTION 1. Describe the city’s/township’s goals, objectives and need for the Predevelopment Finance Fund grant and anticipated future commercial and industrial opportunities and other proposed components. Please explain the public benefit of the proposed plan, report, or study. Attach copy of proposed contract for services or scope of work for any activities to be funded by CDA grant funds. The area included in this utility study is currently under 3M ownership, however the City is working with them on development opportunities, either by 3M or through future sale of the land. Currently 3M operates their own water and sewer system for their Cottage Grove plant, however that would not be expanded to serve the study area. While the City has the overall system capacity to serve the area, the specific details of servicing the area have not been completed previously, due to the 3M ownership status. With development potential in the area, completing a water & sewer study for servicing is critical. Also, developing an area-wide stormwater management plan with specific site requirements will be completed. Considering the future realignment of County 19A & 100th Street, in partnership between the City and County, local roadway networks and connections will be reviewed as well. Finally, while the majority of the land is guided industrial, a commercial area is anticipated at the interchange of Innovation Road and Highway 61. This study will look more closely at options for this commercial node. A copy of the Bolton & Menk proposal is attached. 2. Has a developer or end user been identified or committed to the proposed site? Not directly, however, the city is planning on submitting a proposal to 3M for consideration to locate their new medical company spin-off at this property (see attached map). We estimate that if we were to be the chosen site, the capital improvements to the property would be more than $350M with creation of 1,500 jobs. Regardless of whether we’re chosen we will continue to submit the property for other projects. Interest by companies seeking to locate in our city business park continues to grow as space for large developments become scare in the city so we are pro-actively working with 3M as we want to be ready for the opportunities that will come. Applying for the CDA predevelopment grants funds is a part of the process. 3. Provide a brief history of the site including any previous uses, activities, prior or existing contamination, and other previous attempts at selling, developing, or redeveloping the site. (please identify any obstacles that may be preventing the city/township from accomplishing its goals for the site or area)? The land included in the study is currently vacant, and under 3M ownership. With the pending decommissioning of the incinerator, this has created the potential for development of this land. The land has historically been leased for agricultural uses by 3M however, the city team has had many discussions related to assisting them with a plan that would increase opportunities to develop the land or make it more attract to investors for commercial uses. 4. Describe any studies or development activities at the proposed site or project area that have already been completed or are currently underway (if applicable). The Cottage Grove 2040 Comprehensive Plan guides this area of the City as industrial land use. From a transportation perspective, the County’s Southwest Arterial Study has laid the groundwork for providing connectivity to Highway 61, through a realignment of County 19A and extension of 100th Street. With the new opportunity for growth in this area, this utility study is a key step providing the necessary information for potential developers. 5. Proposed Budget. Itemize all funding sources that have been or will be used to complete the proposed project goals and activities. Source of Funds Amount Committed Pending Washington County CDA Funds $40,000 X City or Township Local Matching Funds $45,000 Total: $85,000 Itemize expenses for the completion of the proposed project goals or proposed activities. Itemized Use of Funds/Expenses Costs Funding Source Regional Utility Study – Bolton & Menk Proposal $85,000 CDA & City Total: $85,000 II. DETAILED PROJECT AND ACTIVITY DESCRIPTION 1. Please provide location maps, photos, current and projected site plans (if available). (maps should include site or project area location, property boundaries, north arrow, and bar scale, etc.) See Attachment. 2. Describe all of the proposed activities (i.e., studies) that are part of this grant funding request. The primary activity related to this grant request is the completion of a water & sewer serviceability study for the potential development area. As an area largely guided industrial, specific water and sewer service capacities are necessary. Most industrial users have specific needs related to water and sewer usage and being able to provide this information up front is a necessary first step in the development process. 3. Is demolition of blighted buildings or other structures part of the proposed project? There would be no demolition of buildings or structures needed for development of the proposed properties. 4. What is the proposed future end use of the project site or area? The Cottage Grove 2040 Comprehensive Plan guides the proposed properties as industrial. With realignment 100th Street, the City believes there is potential for an approximately 17-acre node of commercial development to take place near the Innovation Road & Highway 61 interchange. 5. Describe the site or project area (including): (please attach current property tax statement(s): Acreage of overall site: 320 acres Number of parcels: 3 Owner Support Letter Attached Parcel Identification/Description Number or Address Yes No 22.027.21.33.0001 X 27.027.21.21.0001 X 27.027.21.13.0002 X Please identify all property owners and include a letter of support from each owner: 3M ownership - letters of support attached. Is the property currently listed or available for sale? No After development or redevelopment is complete, what portion of the project site be publicly and privately owned? Public: 16 acres (public right-of-way) Private: 304 acres 6. Identify any other partners and their roles such as landowners, realtors, developers, consultants, and regulating/permitting agencies, etc. (if applicable): 3M Company, Metropolitan Council, MN Pollution Control Agency, and the MN Department of Health. 7. How will the proposed project and/or activities promote or increase future commercial/industrial market values in the city/township/county (please identify your goals for increased commercial and industrial property tax base as a result of the proposed activities and describe how you will measure success)? The land is currently vacant however, since 3M no longer needs the buffer that was required by their incinerator, having an overall plan to address the property shows developers that the city is forward thinking and is taking an active interest in developing it in partnership/concurrence of the property owner. Ultimately, whatever ends up being built on the property will bring in jobs and good wages since it is intended primarily for industrial use, though higher end retail and services will also be a part of the development closest to Highway 61. The land is currently taxed agricultural and to change the tax status to commercial will increase the tax base significantly for the city and county. The city will work with representatives from 3M to market the property and assist with many of the due diligence tasks needed for development to occur. If the grant is approved we will be able to show interested developers how the land can be used and where elements of their proposed development would be placed on the property. 8. How will the proposed project and/or activities promote or increase future employment opportunities in the city/township/county (please identify your job and wage goals as a result of the proposed activities and describe how you will measure success)? The proposed plan will increase employment opportunities in the city by providing more chances to work in the community and not have residents commute outside the city for employment. The wages goals that are proposed for the development will pay a living wage and increase our tax base, which is how the project’s success would be measured. 9. Please provide detailed project timeline with all actions, phases, and anticipated dates for completion (when will the activities/studies be complete)? If grant funding is received, work on the utility study will commence immediately. It is anticipated that the study will take 16 weeks to complete. 10. Describe why the development or redevelopment study, report or plan is needed and why the property is not likely to develop through the normal private sector process? With this land under 3M ownership, potential for development and the need for utilities to serve the area was not previously contemplated, as they have historically provided their own water and sewer services. Decommissioning of the incinerator has opened up opportunities to develop this land. Given the industrial land use, accurate and detailed serviceability information is necessary to inform potential developers. Having this information readily available will position the land well and accelerate the overall process. It is assumed the development process will follow a typical private sector process. 11. Describe the level of commitment by the city/township to the development of the property or area (please identify how the proposed activities meet the city/township priorities, land use planning, economic development goals, etc.…)? Why is this important to the city/township? Please attach a resolution requesting grant funding from the Predevelopment Finance Fund adopted by the city/township. The City is fully committed to supporting the ongoing growth in this area of the community. The ongoing collaboration with the County on the Southwest Arterial Study and the County 19A/100th Street Realignment Project demonstrates this. While this arterial roadway will serve all of southern Cottage Grove, it will be a key for development of the properties tied to this grant request. The potential uses are in line with the City’s Comprehensive Plan as well. The City is committed to providing the necessary utilities to service future development in this area, which this grant funding will support. 12. Please submit this application and all necessary attachments electronically (.pdf file preferred) to Economic Development Director, Washington County CDA at: ChrisE@washingtoncountycda.org