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HomeMy WebLinkAboutEDA AGN 08-20-02CITY OF COLUMBIA HEIGHTS 590 40th Avenue N.E.. Columbia Heights, MN 55421-3878 (763) 706-3600 TDD (763) 706-3692 Visit Oft' Website at: www. ci. cohonbia-heights, mn.us EDA COMMISSIONMERS Robert W. Ruettimann Patricia Jindra Marlaine Szurek Julienne Wyckoff Gary L. Peterson Bruce Nawrocki Bobby Williams ECONOMIC DEVELOPMENT AUTHORITY August 20, 2002 The following is the Agenda for the regular meeting of the Columbia Heights Economic Development Authority (EDA) to be held IMMEDIATELY FOLLOWING THE HRA MEETING on Tuesday, August 20, 2002, at City Hall, Conference Room 1,590 40th Avenue N.E., Columbia Heights, MN 55421 The EDA does not discriminate on the basis of disability in the admission or access to, or treatment or employment in, its accommodation will be provided to allow individuals with disabilities to participate in all EDA services, programs, and activities. Auxiliary aids for handicapped persons are available upon request when the request is made at least 96 hours in advance. Please call the EDA Secretary at 706-3669 to make arrangements (TDD 706-2806) for deaf or hearing impaired only. CALL TO ORDER/ROLL CALL. PLEDGE OF ALLEGIANCE. CONSENT AGENDA.(These items are considered to be routine by the EDA Board of Commissioners and will be enacted as part of the Consent Agenda by one motion.) A. Move to adopt the consent agenda items as listed below: 1) Approval of Minutes. a. The Regular Meeting of July, 2002. 2) Financial Report and Payment of Bills. a. Financial Statement for July, 2002. b. Payment of Bills for July, 2002. MOTION: Move to approve Resolution 2002-11, Resolution of the Columbia Heights Economic Development Authority (EDA) approving the f'mancial statement for July, 2002 and approving payment of bills for the month of July, 2002. ITEMS FOR CONSIDERATION. 1. Adopt Resolution 2002-12, a Resolution Recommending Setting the EDA Levy MOTION: Move to Adopt Resolution 2002-12, being a Resolution of the Columbia Heights EDA recommending setting the EDA Levy. 2. TIF Status Report 3. Municipal State Aid for Redevelopment ADMINISTRATIVE REPORTS Report of the Deputy Executive Director -Robert Streetar. Report of the Executive Director - Walt Fehst. ADJOURNMENT Walter R. Fehst, Executive Director H:\edaAgenda2002\8-20-2002 The mission of the Columbia 7-1eiohts Bconomic Development Authority is to provide financial and technical assistance and resources EQUAL OPP~)RTUNITY EMPLOYER redevelopment. COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) REGULAR MEETING MINUTES OF JULY 16, 2002 CALL TO ORDER - The Regular Meeting of the Columbia Heights Economic Development Authority (EDA) was called to order by President Ruettimann at 7:16 p.m., Tuesday, July 16, 2002, at Parkview Villa, 965 40th Avenue NE, Columbia Heights, Minnesota. ROLL CALL Commission Members Present: Commission Members Absent: Staff Present: Robert Ruettimann, Patricia Jindra, Marlaine Szurek, Julienne Wyckoff, and Bruce Nawrocki Bobby Williams and Gary Peterson Walt Fehst, Executive Director Bob Streetar, Deputy Executive Director Randy Schumacher, Community Development Assistant Cheryl Bakken, Secretary CONSENT AGENDA Approval of Minutes Move to adopt the minutes of the June 2002, regular meeting as presented in writing. Financial Report and Payment of Bills Move to approve Resolution 2002-10, Resolution of the Columbia Heights Economic Development Authority (EDA) approving the financial statements for June, 2002 and approving payment of bills for June, 2002. MOTION by Nawrocki, second by Wyckoff, to adopt the consent agenda items as listed amending the minutes as follows: Page 3, Industrial Center Request for Qualifications, paragraph three, should read: Nawrocki questioned if Awsumb has Industrial Development experience. He also questioned if Welsh Companies should not be considered because of the way he treated the business owners of the 49~ and Central (Hilltop) strip mall unfairly. All ayes. Motion Carried. Nawrocki asked Bill Elrite, Finance Director how the EDA is doing on an overall basis. Elrite stated that overall the EDA is doing fine and does not see any problems that may arise this year. Ruettimann asked if there was a way to simplify the financial report and make it user friendly. Elrite indicated they could possibly provide a tally sheet to go in the front of the financial report. Ruettimann requested staff work with Elrite to develop a one-page summary of the financial report to be placed before the green section of the report by the next meeting. ITEMS FOR CONSIDERATION FINANCIAL REVIEW Bill Elrite, Finance Director passed out a revised memo and spreadsheet to the Board. Elrite indicated the memo lists were we are at with our Sheffield Loan Balance. As of 12/31/2001 the total Sheffield Loans payable was $689,720. The money has been placed in a reserve rather Economic Development Authority Meeting Minutes July 16, 2OO2 Page 2 of 3 than paying the loan off because it is a TIF project and when the City took it out we were unclear of the TIF tax revenue we would be receiving. At the present time, it is anticipated the TIF revenue may payoff the full loan. By having the revenue it provides a backup incase we would experience a shortfall. The HRA levy next year will be the last levy we will have to transfer to the project. The entire reserve will be available in the future for use at the discretion of the Board. Nawrocki asked if the money couldn't be returned to the residents and how much TIF money has been collected from this area. Elrite indicated funding could be returned to residents or reallocated for other purposes and that it was approximately as much as $200,000. APPOINTMENT OF BUSINESS REVOLVING LOAN FUND COMMITTEE Streetar stated at the April EDA meeting, the Board directed staff to advertise for two more Business Revolving Loan Fund Committee members to satisfy Bylaw requirements. The current committee members consist of Ruettimann, Wyckoff, and Erv Bednard. Applications were received from Joseph Schmidt and Terry Watts, which staff has attached for board review and approval Ruettimann suggested a breakfast meeting with the Southern Anoka County Chamber and business owners to advertise the program. Bakken indicated staff updated the Columbia Heights business list in May of this year, which could be used for the mailings. Streetar suggested a meeting the Commercial loan lenders. Wyckoff asked what kind of advertising was done. Bakken stated that the Deputy City Clerk, Patty Muscovitz advertised in the Focus paper along with the other City Commission openings, staff sent personal letters to recommended individuals and past downtown development members, which came out to approximately twenty-two letters. MOTION by Nawrocki, second by Wyckoff, to Appoint Mr. Joseph Schmidt and Ms. Terry Watts as members of the BRLF Loan Review Committee subject to confirmation by Ruettimann of their attendance and meeting schedules. All ayes. Motion Carried. REPORT OF DEPUTY EXECUTIVE DIRECTOR Streetar reported on the following: 1. Caribou Coffee - There was an article in the Minneapolis paper on July 7th indicating Caribou Coffee was interested in locating in Columbia Heights. Staff has been working with them and suggested two areas 1) the proposed new strip mall in the Rainbow lot; and 2) the 37a and Central block area. They were originally interested in the Hardees location, but couldn't come to an agreement on the purchase price. Mady's Site- Dunbar has already proposed some uses for the site. Staff has also contacted Schaefer Richardson and will be meeting with them on Friday to discuss their ideas. The Liveable Communities Grant Application for $25,000 was accepted for this project area. Economic Development Authority Meeting Minutes July 16, 2002 Page 3 of 3 3. United Properties - Staff is working diligently with United Properties to finalize the plan, which will be presented to City Council on August 12th. 40th & University (Conoco)- Staff has received the completed Environmental Study for the property at 3955 University Avenue. The Environmental Study was just received so the closing will be postponed until October. This property will be purchased with CDBG funds. Parkside Village (St. Tim's ProjecO- The Planning & Zoning Commission approved the plat and site plan for the townhome project on July 9th and will be presented to City Council at their meeting of July 22nS for approval. Rainbow Site- The developers of the gas station are still planning on building sometime this summer. For the strip mall, the developer has asked for a one-year extension, as they cannot find businesses to rent out the units. Staff recommended Caribou Coffee contact them also. 7. TIF Report- Staff is working with Shelly Eldridge of Ehlers & Associates to update the status report of all of our TIF Districts, which will be provided at the August meeting. Other Business Ruettimann indicated he asked staff to obtain three things that will be available by the next meeting: O a listing of residential and commercial properties; 2) County and State Aid streets; and 3) a map of the possible redevelopment areas of Columbia Heights. Wyckoff asked about the Affordable Housing Purchase Agreement that was noted in the Housing Update for the 4607 Tyler Street property. Streetar indicated that staff will be bringing this item to the Board at the next HRA meeting. Szurek asked what happens to the 15 homes that were deleted from the scattered site TIF district under number 10 in the Housing Update. Fehst explained because no improvements were made to the homes in the allotted timeframe, they wouM stay in the district and get a new assessment. ADJOURNMENT President, Ruettimann, adjoumed the meeting at 8:25 p.m. Respectfully submitted, Cheryl Bakken Recording Secretary H:\EDAminutes2002\7-16-2002 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: August 20, 2002 AGENDA SECTION: Consent Agenda ORIGINATING EXECUTIVE NO: DEPARTMENT: EDA DIRECTOR APPROVAL ITEM: Financial Report and Payment of Bills BY: Bob Streetar BY: DATE: August 12, 2002 BACKGROUND: The bound Financial Report for July 1, 2002 Check Listing (green sheets), and draft Resolution 2002-11 are attached for review. The enclosed Financial Report lists the Revenue Guideline (pink sheets), the Expenditure Guideline (yellow sheets), Expenditure Guideline with Detail (white sheets), and Balance Sheet (blue sheets), for each fund and department. The report covers the activity in the calendar (fiscal) year from January 1 through July 31, 2002. The Check History shows each fund with an expenditure history during the month of July, 2002. The total disbursements by fund are shown at the top of the listing. RECOMMENDATION: Staff will be available to answer specific questions. If the report is satisfactorily complete, we recommend the Board take affirmative action to receive the Financial Report and approve the payment of bills. RECOMMENDED MOTION: Move to approve Resolution 2002-11, Resolution of the Columbia Heights Economic Development Authority (EDA) approving the Financial Statement for July, 2002 and Payment of Bills for the month of July, 2002. EDA ACTION: H: \Consent 2 0 0 2 \JulyFinRep2 0 0 2 EDA RESOLUTION 2002-11 RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) APPROVING THE FINANCIAL STATEMENT FOR JULY, 2002 AND PAYMENT OF BILLS FOR THE MONTH OF JULY, 2002. WHEREAS, the Columbia Heights Economic Development Authority (EDA) is required by Minnesota Statutes Section 469.096, Subd. 9, to prepare a detailed financial statement which shows all receipts and disbursements, their nature, the money on hand, the purposes to which the money on hand is to be applied, the EDA's credits and assets and its outstanding liabilities; and WHEREAS, said Statute also requires the EDA to examine the statement and treasurer's vouchers or bills and if correct, to approve them by resolution and enter the resolution in its records; and WHEREAS, the financial statement for the month of July, 2002 and the list of bills for the month of July, 2002 are attached hereto and made a part of this resolution; and WHEREAS, the EDA has examined the financial statement and the list of bills and finds them to be acceptable as to both form and accuracy. NOW,THEREFORE BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic Development Authority that it has examined the attached financial statements and list of bills, which are attached hereto and made a part hereof, and they are found to be con'ect, as to form and content; and BE IT FURTHER RESOLVED the financial statements are acknowledged and received and the list of bills as presented in writing are approved for payment out of proper funds; and BE IT FURTHER RESOLVED this resolution and attachments are to be made a part of the permanent records of the Columbia Heights Economic Development Authority. Passed this __ day of ,2002. MOTION BY: SECONDED BY: AYES: NAYS: Robert Ruettimann, President Attest by: Cheryl Bakken, Secretary H:\Resolufions2002k2002-11 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: August 20, 2002 AGENDA SECTION: Items for Consideration ORIGINATING EXECUTIVE NO: 1 DEPARTMENT: DIRECTOR Community Development APPROVAL ITEM: Adopt Resolution 2002-12, BY: Robert Streetar BY: Recommending Setting the EDA 2003 DATE: August 14, 2002 Local Levy BACKGROUND: The EDA must recommend to the City Council a preliminary levy for year 2003. This must be completed in time for the City Council to certify a preliminary levy to Anoka County by September 15. Staffrecommends the EDA recommend to the City Council a preliminary levy of $140,569 for year 2003. This is $3,554 or 2.6% higher than the 2002 levy of$137,015. This is the maximum the EDA may levy under State Statute. At the September 17 EDA meeting, staffwill present Commissioners with the 2003 budget and levy for review and final recommendation to the City Council. At this meeting, the EDA has the option of reducing the levy but may not increase the levy. On December 2, the City Council will grant final approval of the EDA budget and levy. Please find attached a draft resolution for review and approval. RECOMMENDATION: Staff recommends Adoption of EDA Resolution 2002-12, being a Resolution of the Columbia Heights EDA recommending the preliminary EDA levy. RECOMMENDED MOTION: Move to adopt EDA Resolution 2002-12, being a Resolution of the Columbia Heights EDA recommending the preliminary EDA levy. EDA ACTION: h:\consent Form2002\EDA Levy COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY EDA RESOLUTION 2002-12 RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) RECOMMENDING SETTING THE EDA LOCAL LEVY. NOW, THEREFORE BE IT RESOLVED BY THE COLUMBIA HEIGHTS EDA FOR THE CITY OF COLUMBIA HEIGHTS, MINNESOTA: That the following is hereby adopted by the Columbia Heights Economic Development Authority. Section A. The following sum of money is recommended to be levied for the current year, collectable in 2003 upon the taxable property in said City of Columbia Heights, for the following purposes: Recommended EDA Levy $140,569 The Executive Director is hereby instructed to transmit a copy of this resolution to the City Manager and Finance Director/City Clerk of the City of Columbia Heights, Minnesota. APPROVED THIS MOTION BY: SECONDED BY: ROLL CALL: AYES: NAYS: __DAY OF ,2002. Robert W. Ruettimann, President Attested By: Walter R. Fehst, Executive Director H: \Resolutions \EDA2002-12EDA Levy COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: August 20, 2002 AGENDA SECTION: Items for Consideration ORIGINATING EXECUTIVE NO: DEPARTMENT: DIRECTOR Community Development APPROVAL ITEM: Tax Increment Financing Status Report BY: Robert Streetar BY: DATE: August 14, 2002 BACKGROUND: This memorandum provides a summary review of the City's tax increment £mancing (TIF) districts. The purpose of this summary is to review the adequacy of current revenues to pay the debt service on debt issued and pay-as-you-go obligations. The City has eight TIF districts. They are the: District Name Begin End District Type A3 Central Business District (CBD) Revitalization 1977 2009 Pre - 1979 C7 Modified CBD Revitalization 1977 2009 Redevelopment C8 University Avenue 1984 2010 Redevelopment K2 Multi Plan Cargill 1989 2019 Redevelopment N7 Medtronic 1990 2006 Economic Development M8 Sheffield 1995 2021 Redevelopment P3/P4 Scattered-Site Housing 1997 2022 Redevelopment R8 Crest View 2000 2027 Redevelopment Districts A3, C7, C8, K2- The tax increment revenues collected from districts A3, C7, C8 and K2 are pooled into one fund and are pledged to pay off obligations that include bonds issued in 1990 and 1991, and a City interfund loan. Because of legislative reductions in property tax class rates, the amount of tax increment collected in these districts has decreased. These property tax class rate reductions were implemented by the State Legislature to provide property tax relief to commercial and industrial properties. The decrease in tax increment collected has resulted in a deficit, meaning the tax increment collected is not enough to pay the obligations annually. The City is responsible for covering this deficit. For year 2002, there is deficit of approximately $400,000. Deficits are anticipated for years 2003 through 2008, assuming no change in current property tax law. Deficits are expected to range from $123,000 to $199,000 annually. Beginning in 2009 the pool is expected to generate a surplus. In 2000, the City received a $300,000 grant from the State to cover a tax increment deficit that occurred in 1999. While the State Legislature has not appropriated new funds for this grant program, there remains 1.6 million of grant money from past appropriations that the City may qualify for to reduce the current deficit. The Community Development and Finance Directors are working with Ehlers and Associates, Inc. to research this and other options for reducing the current and future deficits. Districts N7, M8, P3/P4, R8- The tax increment revenues collected fi.om each of these districts are meeting current obligations. In addition, future revenues are also expected to continue to meet future obligations. Shelley Eldridge, from Ehlers and Associates, Inc., will be present to answer Commissioner's questions. RECOMMENDATION: Staff recommends Commissioners discuss the report. Attachments: TIF district Maps. No Map exist for District R8, has not yet been created. TIF concepts and mechanics. EDA ACTION: DAconsent 2002\EDA TIF Status Report ) City of 1977 Downtown Columbia Heights Tax Increment Financing District A3 ~ f' . ~ ~ ~¥ ~ ' ~ .,. , . :,'~',- I LEGE N D A~a L~ator Map Description ~ ~ I~.~ ~ Sources: Di~tfi~ Bounda~ [~~ ~~ Columbia Heights Plannin~ ~is m~ illu~tmt~ th~ ~eogmph~ w ~ ColumBia Heights Buildings ~undad~ ~the 1977 ~t~n ~[ ~ ~- ~" ~is ~ a pr~1979 dis~ wh~h was ~ ~ ~_.~ s Right-of-Way incr~en~ generat~ from ~is d~tda ~ ~ ~ ~ ~ ~ ~ 0 ~ ~ ~ ~ shall b~ us~ w~hi~ ~a d~trict bounda~. ~ Li ~:, ~ ~ '~ ~ /I H:~ ~ ~ (i City of 1984 Expansion Columbia Heights Downtown Tax Increment Financing District C7 . . , , ~,~ , LEGE N D Ama L~ator ~~ Columbia Heights Planning ~ 19~ Di~dct Bounda~ ~'~ ~ ~ " Columbia Heights GIS ~ Buildings ~is map illusat~ ~ g~ph~ ~ [ J ~ ~undad~ ¢ ~e 1~4 ~t~ i ~ ~ ~ ~ter Features Tax ~ent Rnance D~ ~ ~ T ~-~ ~ns~n which was ceded on ~ ~i ~ ~ ~ ~ ~ I ~ Right-of-~y mdeve~p~nt dbmS. _IT i,lii[i ~J ~/J/~. ;Parcels i city of 1984 University Avenue Columbia Heights Tax Increment Financing District C8 LEGEND - .~ ~ ~ Columbia Heights ~lannin~ Project Area ~i~ map illus~ the g~mph~ .~[~ ~ ~ w ~u.d..~ ~ ~ ~s~ Un~e~ ~ ~ ~, ~ Columbia Heights GIS Buildings Avenue~FDMr~hwas i~i~I ~ ~ ~ Anoka County GIS ~ter Features ce~ on ~pt~r 12, 1~3. - ~ "' s Parcels ( city of 1989 Multi-Use Redevelopment Columbia Heights Plan (M.U.R.P) Tax Increment Financing District K2 .... -- ~ ~ ~~ ~r- ~~ L_ ~-- -' ~'-~-t ' -~,~ LEGEND k~a Localor x 8ources: ~~ ~ ~ Columbia Heights Planning TIF District Bounda~ Map Dcsc~paon ~ ~ Columbia Heights GIS Buildings ~is map illust~t~ ~e g~ph~ Anoka County GIS ~ter Features ,u~aH. ~ ~e 1989 M.U.R.P. ~J.~.~, Pa~s ~ptem~r 28, 1~. ~b is a ~ J__.~ City of Columbia Heights 53rd Avenue Tax Increment Financing District N7 LEGEND ~-] TIF District Boundary ~ Buildings ~-~ Water Features ~ Parks ;__ Right-of-Way Parcels Area Locator Map Description This map illustrates the geographic boundaries of the 53rd Avenue T[F District which was certified on February 28, 1996. This is an economic development district. Sources: Columbia Heights Planning Columbia Heights GIS Anoka County GIS CDCity of Columbia Heights Sheffield Tax Increment Financing District M8 and Project Area Modification LEGEND -~1 TIF District Boundary ~ Project Area Boundary I Buildings ~ Water Features ~ Parks __! Right-of-Way ! Parcels Area Locator Map Description This map illustrates the geographic boundaries of the Sheffield Tax Increment Financing District in relaUon to its project area. This is a redevelopment distdct which was certified on .June l, 1995. N Sources: Columbia Heights Planning ~ Columbia Heights GIS Anoka County GIS s 11 IIIIIIIII][111~ I II111 I flTITITI ITITITIT~ ~ III111111111111111 II111t111 ITITFFITI-111111111 t I IIt ~ ill I t III I 11 tl II FFITFFIq~ I-rllllllllllll I11 IIIII LLILLLLLLU CITY OF ST. AN'I'tlONY CITY OF NEW BRIGHTON Tax Increment Financing (TIF) in Minnesota Concepts and Mechanics January 1999 Presented to: the City of Columbia Heights, Minnesota and the Columbia Heights Economic Development Authority Wisconsin Offices: 16655 West Bluemound Road Suite 290 Brookfield, WI 53005-5935 (414) 782-8222 501 Nicolet Road Appleton, WI 54915 Minneapolis Office: 88 South Sixth Street, Suite 900 Minneapolis, MN 55402-1800 (612) 333-9177 Washington Office: 1850 K Street NW SuRe 215 Washington, D.C. 20006-2200 (202) 466-3344 Home Office: 85 East Seventh Place SuRe 100 St. Paul, MN 55101-2887 (651) 223-3000 Iowa Office: 100 Court Avenue, Suite 204 Des Moines, IA 50309-2200 (515) 244-1358 Kansas Office: 7211 West 98t" Terrace SuRe 100 Overland Park, KS 66212-2257 (913) 345-8062 Introduction Tax Increment Financing (TIF) uses the increased property taxes generated by new real estate development within a tax increment financing distdct to pay for certain eligible costs associated with the development. The value that is "captured" (i.e., the increase in value over the year the TIF district was established) generates property taxes. These "incremental" taxes go to the development authority or the city authority rather than to the city, county, school district, or other taxing jurisdictions that normally share in the total property tax bill. The captured taxes are used to subsidize eligible project costs such as land acquisition, demolition, public and site improvements, and related consulting and administrative costs. The value of the property pdor to development (i.e., the "non- captured" portion) continues to generate property taxes which are distributed to all appropriate taxing jurisdictions. The justification for use of TIF rests solely with the~But For" test. A simple way to express this test is that the development or redevelopment would not occur without a tax increment subsidy. Critics of TIF often point to the "But For" test as the weakness in the actual use of TIF. Such critics often claim that the development would have occurred anyway, and local officials are not rigorously applying this test. The net result in such cases is an over use of tax increment financing at the expense of the tax base of the county, school district, and other taxing jurisdictions. While there have been limited abuses, this financing tool has helped to reshape and revitalize many communities. In addition to assisting core development and redevelopment, residual growth outside of the established TIF districts provides a direct benefit to all taxing jurisdictions. In response to the potential misuse of tax increment financing, each year the State Legislature further refines the use of this financing tool. Each amendment to the statutes has, in recent years, resulted in a more complicated and restrictive financing vehicle. The purpose of this document is to outline the basic concepts and mechanics of using tax increment financing within the statutory guidelines and parameters. This report outlines the participants involved in TIF, mechanics, documents, process, a discussion of benefits and costs, and policy questions associated with the use of TIF. [] SPRINGSTED Page 1 Tax Increment Financing in Minnesota The material included in this report is intended to be used as an informational guideline for the use of TIF. The complete Tax Increment Financing Act can be found in Minnesota Statutes, Section 469.174 - 469.179. Spdngsted Incorporated has a proven track record in working with communities in the use of tax increment financing as an economic development and redevelopment tool. Please feel free to contact us if you need further information or would like to discuss in more detail the concepts contained in the following materials. Page 2 [] SPRINGSTED : ' Participants Section A , / Participants Elected Officials Advisory Commissions City Staff Fiscal Consultant: Springsted Incorporated Bond Counsel Landowner or Developer Attorney Other Governmental Jurisdictions County School District Other Taxing Jurisdictions Federal Government State Government Metropolitan Council, etc. County Other Municipalities Bordering Project Area [] SPRINGSTED Page A-1 The Mechanics Section B Project Area (i.e., Development District) and Tax Increment Financing (TIF) District A. Financial difference between the two Project Area: TIF District: Area in which TIF funds can be spent (with certain restrictions). Area from which TIF funds are generated. B. Geographical difference between the two Can be the same TIF District Project Area is larger than the TIF Distdct TIF Dis~ct #1 [] SPRINGSTED Page B-1 Tax/ncrernent Financing in Minnesota Types of Tax Increment Financing Districts A. RedevelOpment Distdct Generally a blighted area containing substandard buildings, sometimes having inadequate streets and incompatible land uses. Requires documentation to evaluate occupied land area and estimated costs of rehabilitation versus new construction. Maximum duration of TIF distdct is 25 years from receipt of the first tax increment. Bo Renewal and Renovation Distdct Blight and obsolescence tests must be met, which are slightly less restrictive than for redevelopment TIF districts. Maximum duration of TIF distdct is 15 years from receipt of the first tax increment. Co Housing Distdct Provides housing opportunities for persons and families of Iow to moderate income. Maximum duration of TIF distdct is 25 years from receipt of the first tax incr~:p~eWtc' Soils Condition District Where there exists the presence of hazardous substances, pollution or contaminants requiring removal or remedial action. Such costs must exceed the fair market value of the land. Maximum duration of the TIF distdct is 20 years from receipt of the first tax increment. Page B-2 [] SPRINGSTED Tax Increment Financing in Minnesota Eo Economic Development Distdct Does not meet the cdteria for any of the other types of TIF districts. May be used only for manufacturing, production, processing, warehousing, storage, distribution (excluding retail sales), research and development, telemarketing, tourism facilities (in certain cases), qualified border retail facilities, and small city commercial facilities. Prohibits establishment if more than 15% of the ~quare footage of such facilities are used for other purposes. The allowable percentage of nonqualifying square footage can be increased when such uses are directly related to or in support of the qualifying activity. Must demonstrate retention of local business, increased employment and enhancement of the state tax base. Maximum duration of TIF district is 11 years from approval of the TIF plan or 9 years from receipt of the first tax increment, whichever is less. Other TIF Districts Includes qualified housing, mined underground space development and hazardous substance subdistdct. [] SPRINGS'rED Page B-3 Tax Increment Financing in Minnesota Examples of TIF Eligible Project Costs Public improvements for street, sewer, water, etc. Land acquisition Soil correction Site preparation/demolition Relocation Financing fees and capitalized interest Administrative costs up to 10% of the tax increment Taxable Versus Tax-Exempt Taxable Status If Satisfy Two Federally Imposed Tests A. "Private Business Use Test"- Are more than 10% of the expenditures made for a private purpose? :> Types of expenditures for improvements available to every resident: · Streets, sewer, water, etc., Types of expenditures benefiting private parties, such as landowners/developers: · Land acquisition, soil corrections, site preparation, etc. Bo "Private Security Interest Test"- Are more than 10% of the payments of taxes and/or debt service guaranteed by the landowner/developer? A contract or guarantee requiring the landowner/developer to make tax payments and/or fund debt service shortfalls. Assessment agreements tdgger the private security interest test. Page B-4 [] SPRINGSTED Tax Increment Financing in Minnesota The Increment A. Prior to forming the TIF distdct "Estimated Market Value" of properties in the proposed TIF distdct Estimated Market Value Translated into "Net Tax Capacity" through statutory classifications Estimated Market Value Net Tax Capacity "Net Tax Capacity" times "Tax Capacity Rate" equals property taxes Net Tax Capacity Tax X Capacity = Rate Property Taxes - County - School District - Other When a TIF distdct is established The "Net Tax Capacity" is given the term' "Original Net Tax Capacity (ONTC)." Property taxes generated by the ONTC of the TIF distdct continue to go to each individual taxing jud{diction.. L [] SPRINGSTED Page B-5 Tax Increment Financing in Minnesota New development occurs within the TIF distdct New market value is added to the existing estimated market value. Total Total Net Total Estimated Tax Property Market Value Capacity Taxes Increase in Estimated Market Value Original Estimated Market Value (OMV) Increase in (Captured) Net Tax Capacity Original Net Tax Capacity (ONTC) Tax X Capacity = Rate Tax Increment Revenue Taxes to Other Taxing Jurisdiction Do Tax increment revenue generated by the increase in Net Tax Capacity. Increment received over the duration of the TIF district. Property Taxes I I Time (Years) Tax Increment Revenue Taxes to Other Taxing Jurisdictions Page B-6 [] SPRINGSTED Tax/ncrement Financing in Minnesota Financing of Project Costs In many cases, the City is required to fund project costs pdor to development occurring. City issues general obligation tax increment bonds to finance the project costs. The possibility exists for non- general obligation revenue bonds to be issued. City receives tax increment revenues over a period of years and uses them to pay debt service on the bonds. Tax increment bonds may be repaid with: · Tax increment revenues. Otherpledgedrevenues. General obligations: potential City-wide property tax levy. This situation can be dealt with through security guarantees by the landowner, Financial limits on the City's ability to fund project costs dictated by the amount and duration of the tax increment revenues available. In some cases the developer will pay all costs upfront and be reimbursed for eligible project costs over a period of time. This is gengrally referred to as "pay-as-you-go." · Reimburseme'n;[s a~e ~ade from<tax increment revenues. This process significantly reduces City liability .and risk. If development does not occur or does not reach the levels forecasted, increment is reduced and less funds are available for reimbursement. [] SPRINGSTED Page B-7 · ' Tax Increment Financing in Minnesota Pooling Tax .increment revenues may be spent outside of the TIF District but within the boundaries of the Project Area, subject to certain restrictions. For new redevelopment TIF districts (certified after June 30, 1995) the minimum in-district percentage is 75%. The maximum pooling percentage is 25%. For all other new TIF districts (certified after June 30, 1995) the minimum in-district percentage is 80%. The maximum pooling percentage is 20%. All administrative costs are considered expended outside of the TIF district. Pooled increment revenue must still be spent on TIF · eligible project costs. Considerations of LGA/HACA Effective for TIF districts approved after April 30, 1990, the City may experience a reduction in its Local Governmental Aid (LGA) and/or Homestead Agricultural Credit Aid (HACA). The hypothetical aid to the school distdct is computed as if the new TIF value was included in the school district tax base. The difference between the actual aid and the hypothetical aid will result in a reduction in aid to the City. This reduction is applied first to LGA and then, if necessary, to the City's HACA. Depending on the type of TIF district, the reduction may be phased. This is an annual reduction and the State Departments of Revenue and Children, Families and Learning will make these calculations. Page B-8 [] SPRINGSTED Tax Increment Financing in Minnesota PERCENT OF CAPTURED NET TAX CAPACITY THAT IS "QUALIFYING" Years from Economic Renewal and Assessment Development Renovation All Other Year of ONTC Distdct Distdct Districts 1 100.00% 0.00 0.00 2 100.00 0.00 0.00 3 100.00 0.00 0.00 4 100.00 0.00 0.00 5 100.00 o fl0 ~(~ ~ 100.00 i~ .6.25 ? 100.00 25.00 12.50 8 100.00 37.50 18.75 9 100.00 50.00 25.00 10 100.00 62.50 31.25 11 100.00 75.00 37.50 12 100.00 87.50 43.75 13 - 100.00 50.00 14 - 100.00 56.25 15 - 100.00 62.50 16 - 100.00 68.75 17 - 100.00 75.00 18 - 100.00 81.25 19 - 100.00 87.50 20 - 100.00 93.75 - 21 and Over - 100.00 100.00 Qualified housing TIF districts and certain ethanol production facilities are exempt from the loss of aid. A TIF district may also be exempt from the loss of aid if the City elects, at the time of approving the TIF plan, to make qualifying local contributions. Such contributions must be made from unrestricted funds and may not be made with tax increments or developer payments. Qualifying local contributions (% of gross increment): · 10% for economic development, housing and renewal and renovation TIF districts. · 5% for redevelopment, soils condition and mined underground TIF districts and hazardous substance subdistdcts. [] SPRINGSTED Page B-9 The Documents Section C Development District Program This document (or equivalent document, i.e. Redevelapmeat PI.an) ~-.~tablishes overall guidelines for the ~0ject a.__rea boundane~ ,and the type and levei~of improvements-'t-O-b-e-constru~cted or acquired. This document does not establish the TIF district. Fax Increment Financing Plan This document establishes the boundaries of the TIF district, the expenditures and financing limitations, and starts the process for collection of tax increment revenue by the City. The Development District Program and the Tax Increment Financing Plan can be drafted either concurrently or the Development Distdct Program can be drafted first and the TIF Plan later on. Development Agreement Ao This document is a contract between the City and the landowner, stipulating the obligations of each party. The Development Agreement usually requires the landowner to: Construct a development within a certain time frame with a specified minimum size and market value. Provide guarantees ensudng the timely completion of the development, and may require prompt payment of property taxes and debt service shortfalls. The Development Agreement may require the City to construct public improvements and/or purchase land associated with the new development according to an agreed upon schedule using the expected tax increment revenue. Bo Terms of this agreement may well dictate if bonds are tax- exempt or taxable. Many cities currently require a Development Agreement on all new developments. [] SPRINGS l'l:D Page C-1 " Secti°n D Process for Establi. hment In order to establish a TIF district, a specific process must be followed including the following. Ao At the outset, a Development Distdct Program (or equivalent document) must be prepared. This sets forth the general goals for development or redevelopment in the project area. "a. A Tax Increment Financing Plan must be prepared. This sets forth the specific project(s) to be undertaken, costs involved, revenues projected and is the guiding document for the proposed project. Co A public headng on the TIF Plan and distdct must be conducted. Notification of the public headng must be published 10-30 days prior to the hearing. Do A TIF district "fiscal and economic impact" letter must be received by the county and school distdct at least 30 days pdor to the public headng. For housing and redevelopment TIF districts a notification letter to the county commissioner must also be received at least 30 days pdor to publication of the public headng. The City planning commission must review the TIF Plan and Development Program pdor to City approval. At the public headng, all interested parties are invited to express their opinion(s). Subsequent to the public headng, the City must approve or reject the TIF Plan and district. Upon approval, the City must request county certification of the TIF distdct which will begin the tax increment collection process. Selected information must also be filed with the State Department of Revenue. Actual project expenditures may not be made until the TIF Plan is approved and adopted. [] SPRINGSTED Page D-1 ·. Benefits and Costs SectiOn E City's Perspective A. Benefits TIF allows City to realize new development which would not otherwise occur without the use of TIF (the "But For" test). City can realize broader economic gains of new development in terms of employment, tax base enhancement and secondary spin-off effects. City can facilitate the construction of related public improvements it wishes to achieve by coordinating a TIF project with more general public improvement projects. City may have better control over the nature of the development. City may be able to fund a, dministr_~e and/or community development costs with revenue from the TIF distdct. In some cases the quality of new development is enhanced by TIF financing. , ~ Bo Costs The City may ,assume th__e 'sdA~that property taxes might not be paid and/or changes in property tax laws or funding of local governments might cause tax increments to fall short of scheduled debt service payments. City may pledge to use other funds or general property tax levies to pay debt service. (Development Agreement guarantees.) City and other overlapping taxing jurisdictions (county, school district, etc.) must wait until TIF district is terminated until the new development becomes part of the general tax base. Depending on the magnitude and strategy for addressing fiscal disparities contribution on commercial properties, there can be an internal shift in property tax [] SPRINGSTED Page E-1 Tax/ncrement Financing in Minnesota burdens (for communities in the Twin Cities Metropolitan Area only). City may lose some of its LGA/HACA for all or a portion of the duration of the TIF district. This has a direct impact on the general fund of the City. Landowner(s) Perspective A. Benefits Development can proceed because TIF provides a funding source for public improvements where no other viable funding source exists. Without TIF the landowner absorbs the development costs of either: Special assessments for public improvements, and/or Hard costs of land acquisition and site preparation. With TIF these costs are funded in whole or in part by increment revenues and the landowner pays only his property taxes, which are the same whether TIF exists or not. Costs Usually a slightly extended development period required for the TIF process. Usually landowner provides financial guarantees to City securing taxes and debt service on TIF bonds (if applicable). Greater City monitoring of scope, quality and timing of new development. Page E-2 [] SPRINGSTED .. Policy Questions Section F "But For" Test In order for the City to create a TIF distdct it must make a finding that the new development would not occur "But For" the use of tax increment financing. The cdtics of TIF state that the development would occur anyway and the City is simply giving funds to a private party. Counties and school districts ar~e particularly interested in this finding becaUs~tney~,~iil not realize any enhancement to their general tax base until after the TIF district is terminated (up to 25 years). LGA/HACA - Local Contribution The. C~i~ must determi_ne if it is willing to invest a portion of its own funds in the project based on estimated loss of LGA/HACA and/or local contributions required. Project Area The project area, the parcels upon which TIF funds can be spent, can be the same as or greater than the TIF district. Does the City intend to use TIF funds beyond the parcels from which TIF revenue will 'be generated? Does the City envision numerous TIF districts created over time within a single project area? Does the City have other improvement projects in other adjoining areas for which funding can be augmented with TIF? Does the scope of the improvement project benefit two or more TIF districts? [] SPRINGSTED Page F-1 -' ,~, Tax Increment Financing in Minnesota Level of Assistance A. HOW much funding does the City wish to commit to the project? Demonstration by pdvate parties of need for level of TIF assistance requested. Bo Mandatory imposed limitations > Statutory duration of the TIF district )' Tax capacity rate ceilings Discretionary imposed limitations ;> Term of TIF distdct shorter than maximum permitted Nature of expenditures Do they lead to taxability and therefore higher interest rates yielding lower net bond proceeds? Pace of development · How soon will development occur?. Fiscal disparities option on commercial-industrial developments in the Twin Cities Metropolitan Area and Taconite Relief Area. Page F-2 [] SPRINGSTED Tax Increment Financing in Minnesota Fiscal Disparities State law requires new commercial-industrial properties in the Twin Cities Metropolitan Area and Taconite Relief Area to contribute up to 40% of their valuation to an area wide pool for distribution back to all local taxing judsdictions. For TIF districts with new commercial-industrial development, the City must decide whether the fiscal disparities contribution will be made from valuation within the TIF distdct or from commercial-industrial properties located within the City but outside of the TIF district. New economic development TIF Districts must have fiscal disparity contribution made from within the TIF District (no option). How does this affect the TIF distdct and related increment revenue? TIF District Net Tax Capacity Without/With Fiscal Disparities ~Contribution Without With (Option A) (Option B) Captured Net Tax Capacity (ONTC) Captured Net Tax Capacity (~ 60%) Fiscal Disparities Contribution (El 40%) (ONTC) [] SPRINGSTED Page F-3 Tax Increment Financing in Minnesota Over the life of the TIF district. Net Tax Capacity Without Fiscal Disparities Contribution (Option A) Captured Net Tax Capacity Original Net Tax Capacity I I I I I I I I Time (Years) > Net Tax Capacity With Fiscal Disparities Contribution (Option B) Captured Net Tax Capacity Fiscal Disparities Contribution Origin. a] Net Tax Capacity I I I I I I I I I I Time (Years) ~ Page F-4 [] SPRINGSTED Tax/ncrement Financing in Minnesota Pdmary Impacts If the fiscal disparities contribution comes from the TIF district, less increment revenue results, which restricts the level of funding for the project. If the fiscal disparities contribution comes from outside the TIF district, the converse is true, that being an increase in the level of funding. Secondary Impacts With the fiscal disparities contribution being made from outside the TIF district, the amount of the contribution must come from other commercial-industrial properties within the City. .- The potential exists for City tax rate increases dependent on the relative magnitude of the new development to the City's total tax capacity. With the fiscal disparities contribution coming from outside of the TIF district, the City's total gross tax capacity is reduced by both the TIF captured tax capacity and the fiscal disparities contribution. This can lead to a potentially higher City tax rate. [] SPRINGSTED Page F-5 ., " Tax Increment Financing in Minnesota City Security Guarantees A. USually when TIF bonds are sold they are general obligation bonds. General obligation TIF bonds require that if increment revenue is not sufficient to pay debt service at any time over the life of the bonds, then the City is ultimately required to levy City-wide property taxes to repay the bonds. Bo How can this occur?. NeW development is constructed over a longer time frame and/or to a lesser market value than was represented to the City at the time of approval; Property owners don't pay their taxes on time; Property owners pay taxes on time, but with decreases in tax capacity rates caused by changes in the funding of local governments or tax structure changes, actual property tax payments are less than scheduled debt service. How does the City protect itself? Assessment agreement stipulating the market value of new development and schedule of completion. Withholding bond proceeds or delaying construction of public improvement until all or a portion of new development is completed. Liquidity guarantees (letters of credit) provided by property owners ensuring timely payment of property taxes. Liquidity guarantees (letters of credit) provided by property owners covering debt service shortfalls regardless if taxes are paid on time. Pay-as-you-go: No debt is issued. The landowner finances his own improvements and is reimbursed over time by the City from the actual collection of increment revenue. The type of guarantees depends on the level of dsk the City perceives itself to be exposed to. Page F-6 [] SPRINGSTED Tax Increment Financing in Minnesota City Administrative Costs The establishment of a TIF distdct and the negotiation of a thorough Development Agreement requires substantial time commitments by City staff and its consultants. A large portion of that time is expended pdor to the signing of the Developer Agreement and before actual construction of the new development. Furthermore, additional City staff time is needed to monitor and report on the performance of the TIF distdct over its life. The legislature has anticipated these City costs b~.a -reimbursementfor administrative costs~l=r'h'i~ reimbursemeni is limited to the lesser of 10% of project costs or 10% of increment revenue, and is intended to cover all staff and consultant costs other than engineering. The City should consider two relevant policy questions, Does the City wish to receive a guarantee of its costs from the landowner for the period from inception of the TIF process until signing of the Development Agreement? This guarantee covers the situation whereby the project terminates dudng the negotiation phase. What is the appropriate level of administrative cost reimbursement? [] SPRINGSTED Page F-7 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: August 20, 2002 AGENDA SECTION: Items for Consideration ORIGINATING EXECUTIVE NO: 3 DEPARTMENT: DIRECTOR Community Development APPROVAL ITEM: Municipal State Aid For Redevelopment BY: Robert Streetar BY: DATE: August 14, 2002 BACKGROUND: At the July 16, 2002 EDA meeting Commissioners requested a map showing the relationship between potential City redevelopment opportunities and the roads for which the City receives Municipal State Aid (MSA). The thought was MSA funds could pay for some of the costs related to redevelopment. Please find attached a map showing three redevelopment opportunities and their relationship to MSA roads. The redevelopment opportunities, colored in orange, include: The Industrial Site 39th and Central (Mady's) 37th and Central According to Kevin Hansen, Public Works Director, the City's 2002 allotment was $563,167. This amount included $140,904 for maintenance and $422,713 for construction. The $140,904 the City received funds the Public Works State Aid Maintenance budget for routine road maintenance. Construction funds for years 2003 and 2004 have been encumbered for the Central Avenue project; so the earliest MSA funds would be available to assist redevelopment would be 2005. MSA funds are available for approved MSA projects and fund only eligible items, such as roadway work, right-of-way necessary for roadway work and to a limited extent landscaping within the right- of-way. State Aid does not fund items identified as local responsibilities such as sewer, water, streetscaping or other non-roadway related items. RECOMMENDATION: Staff recommends Commissioner discuss the information. EDA ACTION: h:\consent Form2002\EDA Municipal State Aid Consent Ltr PARKVIEW VILLA RESIDENT COUNCIL MEETING MINUTES AUGUST 12, 2002 The meeting was called to order at 7:00 p.m. Anita gave her Management Report: · Due to a lack of interest the floor checking program will end on August 15, 2002. Anita thanked Sharon Shander for making all of the checking plates and stated that Bill Gault will remove the plates for the residents. · Staff will no longer sign for packages delivered for residents due to a recent instance where staff signed for a package and the resident never received the package. · Anita passed out copies of furniture that was recommended to purchase for the lobby. · Work will begin to correct the sidewalk in the middle entrance next month. · Bids will be going out soon for the replacement of the roof areas. Anita will keep residents informed as to when the actual repairs will be done. · Anita continues to train William on administrative duties and did not have a definite date of when she will be moving to the new Crest View building. · She reminded residents to fill out their HUD survey and return it as soon as possible. · The picnic is August 22nd. Leo Mullenmaster gave the Secretaries Report. Jackie Osvak gave the Treasurers Report. John Super gave the welcome report and indicated no new residents have moved in. Muriel McClellan gave the sunshine report in Betty Sheldon's absence. Dorothy Keller gave the recycling card report. This will be the last report from the card recycling group as it has been discontinued. The last money of $200.00 was given to Northstar School and Putnam School which each received $100.00 for the purchase of supplies. Also Dorothy mentioned that there are still cookbooks available for purchase. Bill Cross mentioned that those who would like to donate supplies to the schools should bring the items to the next resident council meeting. Renie Sufka the chair for the Bazaar request the resident council okay the purchase of new cash boxes for the bazaar. Approval was granted for the purchase of 8 new cash boxes not to exceed $125.00. Anita will have a craft meeting Friday, August 16th at 2pm a noticed has been posted. The $5.00 drawings went to Ruth Hilsted, Anne Berzak and Helen Luberacki. MOTION by Joe Kraus, second by Helen Myre, to adjourn at 7:45 p.m. All ayes. Motion Carried. Respectfully Submitted, Leo Mollenmaster Resident Council Secretary 2002 Parkview Villa Housing Complex 965 N.E. 40* Avenue, Columbia Heights, MN 55421 DATE: August 12, 2002 (763) 706-3800 Fax (763)788-3978 iAUG 13 200 TO: Bob Streetar; Community Development Director Shirley Barnes; Chief Executive Officer; Crest View Corporation Commissioners; Columbia Heights HRA Board of Directors; Crest View FROM: Anita Kottsick, Housing Adminstrator July/August Management Report for Parkview Villa & 4607 Tyler PHYSICAL PLANT: The outer front entry door was adjusted to allow those in wheelchairs enough time to pass through safely. The sidewalk leading to the middle entrance door is scheduled for repair in September. Two modules within the buildings fire monitoring equipment have to be replaced due to equipment failure. Periodically, these modules need to be replaced. This is not due to a power surge I am happy to report. The air conditioning units within Community Room B required service this summer. All air conditioning units serving the building common areas have been serviced with one unit replaced with a new unit in the last year. They should not require servicing for quite a while. I would recommend looking at replacement of the units in Community Room B if any further problems arise next year. The garage door required servicing as one of the rollers was catching occasionally causing the door to open back up after closing. The condenser in the air conditioning unit in apartment # 3 at 4607 Tyler failed. Staff is looking at prices to replace this unit with a comparable unit, as it would not be cost effect to replace just the condenser. A tree limb went down on the back garage roof. No damage was done to the roof. Clean up is complete. OCCUPANCY: NORTH BUILDING APT # VACANCY DATE 411 July 31st SOUTH BUILDING APT # VACANCY DATE 324 July 31st NAME Esther Linden NAME Yvonne Velez *I resident needed increased services, lresident deceased MOVE IN DATE August 24th MOVE IN DATE Sept. 1st Waiting list totals are as follows: Parkview Villa North 24 CH Residents 31 Non-residents 4607 Tyler 3 CH Residents 6 Non-residents Parkview Villa South 27 CH Resident 13 Non residents MISC: For informational purposes the Parkview Villa calendar and the Administrator's monthly update to residents is attached. William Jones has begun training with Anita on the software program, the billing process, and resident re-certifications. Equal Housing Opportunity Agency EQUAL NOUEING OPPORTUNITY Owned by the City of Columbia Heights HRA Managed by Crest View Management Services PARKVIEW VILLA UPDATE August 2002 Tin..te sure'Jli~: I can't hell'eve .' attother mohth has passed by. I hope this ntonth finds everyone itt good spirits. RESIDENT COUNCIL NEWS The next Resident Council meeting will be held'on Monday, August 12, at 7:00pm in Community Room B. ALL 'RESIDENTS ARE WELCOME!. HOUSING AND REDEVELOPMENT AUTHORITY The next HRA meeting will be held Tuesday, October 22, 6:30pm in Community Room B immediately followed by the EDA meeting. The HRA will now have planned meetings on a quarterly basis. All those interested· are welcome to come. ANNU,~L' PICNIC. '" ~' The 3hhua115ienii: will be thO'ev.e."nir/~ of August 22."Each apartment should have received a flyer with an RSVP. Pleaae be sure to turn in your RSVP so you will be eligible for a drawing and I will know how much food to order. If the weather is bad that day we will move the pirty inside. It is great fun with go0d food so I hope to see everyone there! This party is a special event for residents only so no guests please! BOAT TRIP Don't forget August 7ta is the boat trip on the St. Croix. The van will start loading at 9:45. I have heard that this . trip is a favorite! ANNUAL BAZAAR There will be a Bazaar meeting August 13* at lpm in Community Room B. All those interested please attend. Also please watch the bulletin board for craft meetings. NEW FURNISHINGS At the August Resident Council meeting I should have a recommendation for the new furniture that will be purchased. If you are interested I urge you to attend the meeting so we can get any comments'' and con'cems before the furniture il; actually purchased. PARKVIEW VILLA NORTH HUD SURVEY On an annual basis HUD send. s'.out a': Resident Satisfaction Survey to random households. All'North residents should have received a flyer entitled FACTS' ABOUT HUD's RESIDENT SURVEY. If you have misplaced thi~ flyer I have posted a copy of the flye~:~.' on the bulletin board for your information. It is important that:you compie.'te:this survey and send if' b'acl~ fOe'HUD so they'l/,now how we are dOing~in managing.thb buildiii~.:' The results of this survey are. confidential. If you have any questio.ns please contact Anita. " VISITOR' PARIrdNG I w0uld'ask those who are having an event in one of the community rooms with several guests to pleage inform your guest that there is a public parking ramp across the street. Also there is parking allowed on 40ta Ave. This will help to ensure that there are a few spots open for visitors that may only be here for a short period. An example of this would be if they are making a delivery to an apartment and may only need to park 5 minutes. If there is a visitor spot open they are less likely to park in a resident reserved spot, which I think would make everyone's life easier. Also please be aware of how you approach people that may be parked in the wrong spot. Remember most people do not intentionally do the wrong thing they just aren't aware of our guidelines. So remember the golden role and treat everyone, as you would like to be treated yourself.