Loading...
HomeMy WebLinkAboutEDA AGN 03-18-03CITY OF COLUMBIA HEIGHTS 590 40th Avenue N.E.. Columbia Heights. MN 55421-3878 (763) 706-3600 TDD (763) 706-3692 Visit Our Website at: www. ci,columbia-heights.mn.us EDA COMMISSIONMERS Patricia Jindra Julienne Wyckoff Bruce Nawrocki Bobby Williams Tammera Ericson Bruce Kelzenberg ECONOMIC DEVELOPMENT AUTHORITY March 18, 2003 The following is the Agenda for the regular meeting of the Columbia Heights Economic Development Authority (EDA) to be held at 6:30 p.m. on Tuesday, March 18, 2003, in the City Hall, Conference Room 1,590 40th Avenue N.E., Columbia Heights, IVIN 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 arram, ements (TDD 706-2806~ for deaf or hearin[ im~)aired 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 February 19, 2003. 2) Financial Report and Payment of Bills. a. Financial Statement for February, 2003. b. Payment of Bills for February, 2003. MOTION: Move to approve Resolution 2003-03, Resolution of the Columbia Heights Economic Development Authority (EDA) approving the financial statement for February, 2003 and approving payment of bills for the month of February, 2003. ITEMS FOR CONSIDERATION. 1. Adopt Resolution 2003-04, Ratifying and Specifying terms of Inter-Fund Loans for the Scattered Site TIF District MOTION: Move to Adopt Resolution 2003-04, a Resolution Ratifying and Specifying terms of the Inter-Fund Loans for the Scattered Site TIF District; and furthermore, to authorize the President and Executive Director to enter into an agreement for the same. 2. Adopt Resolution 2003-05, Ratifying and Specifying terms of Inter-Fund Loans for the Sheffield TIF District MOTION: Move to Adopt Resolution 2003-05, a Resolution Ratifying and Specifying terms of the Inter-Fund Loans for the Sheffield TIF District; and furthermore, to direct the President and Executive Director to enter into an agreement for the same. ThE CITY OF COLUMBIA HEIGHTS DOES NOT DISCRIMINATE ON THE BASIS or DISABILITY IN EMPLOYMENT O~ THE PROVISION Of SERVICES EQUAL OPPORTUNITY EMPLOYER Adopt Resolution 2003-06, Approving and Specifying terms of Inter-Fund Loans for the Downtown CBD and University Avenue TIF Districts MOTION: Move to Adopt Resolution 2003-06, a Resolution Approving and Specifying Terms of Inter-Fund Loans for Downtown CBD and University Avenue TIF Districts; and furthermore, to authorize the President and Executive Director to enter into an agreement for the same. 4. Anoka County Community Development Authority MOTION: Move to recommend to the City Council the following: Adopt a resolution supporting Anoka County's bill (S.F. 547) establishing the Anoka County Community Development Authority for the purpose of implementing the activities of the "Working Together to Shape the Future of Anoka County" report, and; Request Representative Barb Goodwin amend the language in the SF. 547: >Limiting Anoka County's Community Development Authority's ability to levy to 30% of the maximum levy. > Authorizing the City of Columbia Heights to request that the ACCDA levy, on the City's behalf, up to 70% of the maximum levy allowed, and return to the City of Columbia Heights that amount to fund redevelopment, economic development and housing related projects as authorized under Minnesota State Statutes, sections 469.001 - 469.1080. ADMINISTRATIVE REPORTS ADJOURNMENT Walter R. Fehst, Executive Director Themissi~n~ftheC~lum~ia~leightsBc~n~mic~)evel~pmentAuth~rityist~pr~vide~nancialandtechnicalassistance and resources to residentia~ commercia~ and industrial interests to promote ~altb, safety, welfare, economic development and redevelopment. H:\edaAgenda2003X3-18-2003 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) REGULAR MEETING MINUTES OF FEBRUARY 19, 2003 CALL TO ORDER - The Regular Meeting of the Columbia Heights Economic Development Authority (EDA) was called to order by Executive Director, Walt Fehst at 6:34 p.m., Wednesday, February 19, 2003, in the City Hall, Conference Room 1,590 40th Avenue NE, Columbia Heights, Minnesota. ROLL CALL Commission Members Present: Commission Members Absent: Staff Present: Patricia Jindra, Julienne Wyckoff, Bruce Nawrocki, Tammera Ericson, Bruce Kelzenberg and Don Murzyn Jr. Bobby Williams Walt Fehst, Executive Director Bob Streetar, Deputy Executive Director Randy Schumacher, Community Development Assistant Cheryl Bakken, Community Development Secretary Oath of Office Fehst administered the Oath of Office to Ericson, Kelzenberg and WyckoJf Election of Officers Fehst opened the election of office for President. After the President, Don Murzyn Jr. was elected, Murzyn then took over with the rest of the elections and meeting. MOTION by Nawrocki to nominate Jindra for President. Jindra declined. Motion Not Considered. MOTION by Kelzenberg to nominate Ericson for President. Ericson excepted the nomination. Wyckoff stated she would like to see a resident elected for both the President and Vice President positions as it has been for the last few years. Motion failed for lack of second. MOTION by Wyckoff, second by Ericson, to nominate Don Murzyn Jr. for President. All ayes. Motion Carried. MOTION by Nawrocki, second by Wyckoff, to nominate Patricia Jindra for Vice President; Bruce Kelzenberg for Secretary; Tammera Ericson for Treasurer; designate Cheryl Bakken, Community Development Secretary, as Assistant Secretary; and Bill Elrite, Finance Director, as Assistant Treasurer. All ayes. Motion Carried. CONSENT AGENDA Approval of Minutes of January 28~ 2003 and Financial Report and Payment of Bills~ Resolution 2003-02 Nawrocki asked what two of the January invoices were for: 1) Encompass Invoice l O1950 for $878.64 and Parkview Villa Resident Invoice 1 O1702for $807.50. Streetar stated, staff will check into this and get back to him. Economic Development Authority Meeting Minutes February 19, 2003 Page 2 of 3 MOTION by Nawrocki, second by Wyckoff, to adopt the consent agenda items as listed. All ayes. Motion Carried. ITEMS FOR CONSIDERATION Resignation of Ruettimann Streetar stated the formal resignation for Bob Ruettimann is enclosed in the packet for informational purposes only. ADMINISTRATIVE REPORTS 4607 Tyler Street Sale Streetar stated staff has received three purchase proposals for the property. Curt Bennett, an employee of GMHC offered, $100, 000, Agape New Life Ministries offered $102, 000 and Minnesota Housing Resources in St. Paul offered $160, 000. All three would raise the rents to maintain affordability. As of January 1, 2003 the current rent is at $380 per month. Staff will be recommending at the next HIM meeting approval of the proposal from Minnesota Housing Resources. Dave Engstrom, Vice President of the Minnesota Housing Resource company was a Washington County Commissioner and involved with the HIM for years. Nawrocki asked what the market value is for Tyler. Streetar stated he did not have the actual figures with him, but couM provide them at a later date and that the value of the property is based on the net operating income, not current market value because of the rent structure. Murzyn stated Agape, will probably use the building for their congregation, but felt the $160, 000 offer was very impressive from Minnesota Housing Resource. Fehst stated there is no action necessary tonight as this is an HRA function and that he asked Streetar to provide the Board with an update. CDBG Funding for 2003 Schumacher stated he attended a meeting in Anoka County today on this years CDBG funding. Columbia Heights requested $186,500 to purchase the fifih and final property for redevelopment on the corner of 40th & University, MGS. Anoka County HIM has approved $160,000 in CDBG funds for the project. Nawrocla' questioned how the property would qualify for low to moderate income to meet CDBG funding requirements. Schumacher stated the property purchase would eliminate blight and that it will support low-income jobs, such as a fast food restaurant. The funds cannot be used until June, which will give staff enough time to provide information on the low to moderate, income requirements. Anoka County to Establish an Economic Development Authority Schumacher stated Anoka County wants to establish an EDA. The county will be submitting a bill in regards to the establishment. If they establish an EDA, they would not have a taxing authority in Columbia Heights unless the City Council approves it. Streetar stated there is a resolution by the City of Anoka stating "Such taxing and development authorities not subject to approval with municipalities within the County" is incorrect. Under 469.107 which gives Columbia Heights its power to tax, it refers to special districts under 469.003 Subd. 6, states Economic Development Authority Meeting Minutes February 19, 2003 Page 3 of 3 "Subject to consent by the resolution of the governing body in and for which, it was created, an authority may levy a tax upon all taxable property within the taxing district, therefore, it is subject to council approval. Nawrocki stated he talked to the City of Anoka and felt what they are proposing was a good idea. They are proposing to create a combination EDA and HRA. His understanding was they could not levy tax in the community that had an HRA. Fehst directed staff to obtain more information and provide to the EDA and City Council members at a later date. Industrial Area Schumacher stated staff will be meeting with the land use planner next Thursday to see what they are going to recommend for the Industrial Area at the special meeting with City Council on March 17th. Schaeffer Richardson Meeting Streetar stated staff met with Schaeffer Richardson this week, where they informed staff they are going to be putting their Industrial Area property up for sale. Schaeffer will keep staff informed of any developments. OTIIER BUSINESS Wyckoff asked if staff is working on the bids for the Parkview Villa Management Contract as requested last year by the Board. Streetar stated with his past experience of being a senior building administrator, the first year the bid was low and the next year there was always a large increase in the contract. Streetar recommended taking a look at what other cities with housing units are payingfor management, meet with Crest View and try to lower their rates for the coming year. Fehst stated he regards Crest View very highly, but requested staff go out for bids anyway. Nawrocki asked the status of the alley problems by the Surtek building. Fehst indicated he had not met with staff on this issue yet and wouM keep him informed. Schumacher stated he had met with the owners, which stated they would take care of the problem. ADJOURNMENT President, Murzyn, adjourned the meeting at 7:42 p.m. Respectfully submitted, Cheryl Bakken Recording Secretary H:\EDAminutes2003\2-19-2003 LU COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: March 18, 2003 AGENDA SECTION: Consent Agenda ORIGINATING EXECUTIVE NO: DEPARTMENT: EDA DIRECTOR APPROVAL ITEM: Financial Report and Payment of Bills BY: Bob Streetar BY: DATE: March 10, 2003 BACKGROUND: The bound Financial Report for February 1, 2003 Check Listing (green sheets), and draft Resolution 2003-03 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 February 28, 2003. The Check History shows each fund with an expenditure history during the month of February, 2003. The total disbursements by fund are shown at the top of the listing. RECOMMENDATION: Staffwill 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 2003-03, Resolution of the Columbia Heights Economic Development Authority (EDA) approving the Financial Statement for February, 2003 and Payment of Bills for the month of February, 2003. EDA ACTION: H:\Co~sent2003\FebruaryFinRep2003 EDA RESOLUTION 2003-03 RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) APPROVING THE FINANCIAL STATEMENT FOR FEBRUARY, 2003 AND PAYMENT OF BILLS FOR THE MONTH OF FEBRUARY, 2003. 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 February, 2003 and the list of bills for the month of February, 2003 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 fom~d to be correct, 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 ,2003. MOTION BY: SECONDED BY: AYES: NAYS: Don Murzyn Jr., President Attest by: Cheryl Bakken, Community Development Secretary H:\Resolutions2003\EDA20034)3 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: March 18, 2003 AGENDA SECTION: Items for Consideration ORIGINATING DEPARTMENT: EXECUTWE NO: 1 Community Development DIRECTOR APPROVAL ITEM: Adopt Resolution 2003-04, a Resolution BY: Robert Streetar BY: Ratifying and Specifying terms of Inter- DATE: March 12, 2003 Fund Loans for Scattered Site TIF District BACKGROUND: Scattered Site Tax Increment Financing District Inter-Fund Loan Between 1998 and 2000, monies from the EDA fund, the HRA fund and the Capital Projects fund, totaling $76,105.20 was made available for the acquisition and demolition of substandard single-family detached housing. At that time, while the City Council approved the use of these monies, no formal inter-fund loan agreement was executed. Subsequently, the EDA is now requested to execute an inter-fund loan agreement, which ratifies and specifies the terms of the inter-fund loan. The principal amount of this loan is $76,105.20, the interest rate is 5% simple interest per annum, and the loan amount will be repaid from tax increment payments received by the City from the County in February and August each year. RECOMMENDATION: Staffrecommends the EDA Board ratify all actions of its staffand consultants in making and TIF Loan, and authorizes and directs staff to take all actions necessary to repay the outstanding balance of the TI1e Loan in accordance with the attached resolution. RECOMMENDED MOTION: Move to Adopt Resolution 2003-04, a Resolution Ratifying and Specifying terms of the Inter-Fund Loans for the Scattered Site TIF District; and furthermore, to authorize the President and Executive Director to enter into an agreement for the same. Attachment EDA ACTION: h:\consent Form2003\Res.2003-04 Ratifyin9 Scattered Site District RESOLUTION 2003-04 RESOLUTION RATIFYING AND SPECIFYING TERMS OF THE iNTER-FUND LOANS FOR THE SCATTERED SITE TIF DISTRICT RECITALS A. The City of Columbia Heights. ("City") and its Economic Development Authority ("Authority") have undertaken a program to promote the development and redevelopment of land which is underutilized within the City, and in this connection the Authority administers the Redevelopment Project No. 1 pursuant to Minnesota Statutes, Sections 469.001 to 469.047 and Sections 469.090 to 469.1081 (the "Act"). B. Pursuant to the Act, the Authority is authorized to undertake certain activities to prepare such real property for development and redevelopment by private enterprise. C. Within the Project the Authority and City have established the Scattered Site Redevelopment Tax Increment Financing District (P3, P4) (the "T1F District"). D. In order to provide funds for land acquisition and demolition in the TIF Disthct, the Authority made an interfund loan from certain EDA funds the amount of $76,105.20 (the "TIF Loan"), disbursed during 1998 and 2000. E. The Authority has determined a need to ratify the establishment of the TIF Loan as permitted under Minnesota Laws, 2001 First Special Session, Ch.5, Article 15, section 3 (the "Act") and to document the repayment schedule, interest rate, and payment terms for the remaining balance of that loan. NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic Development Authority as follows: 1. The TIF Loan in the principal amount of $76,105.20 bears interest at the rate of 5.0 percent per annum, subject to adjustment as provided below. Interest accrues from the date ofth/s resolution until the principal and interest are paid in full. The interest rate payable in any year will not exceed the greater of(a) the rate specified under Minnesota Statutes, Section 270.75, or (b) the rate specified under Mim~esota Statutes, Section 549.09. The interest rate for each calendar year during the term of the TIF Loan will be determined as of each January 1, using either the stated rate of 5.0 percent, or, if that rate exceeds the statutory maximum, the maximum rate under clauses (a) or (b) in effect as of that date. 2. Principal and interest ("Payments") shall be paid semi-annually on August 1, 2003 and each August 1 and February 1 thereafter to and including the earlier of (a) the date the principal and accrued interest of the TIF Loan is paid in full, or (b) the date of last receipt of tax increment from the TIF District ("Payment Dates") which Payments will be made in the amount and only to the extent of Available Tax Increment as hereinafter defined. Payments shall be applied first to accrued interest, and then to unpaid principal. S.1B-226976vl CL205-18 3. Payments on this TIF Loan are payable solely from "Available Tax Increment," which shall mean, on each Payment Date, all of the tax increment generated in the preceding six (6) months with respect to the property within the TIF District and remitted to the Authority by Anoka County, all in accordance with Minnesota Statutes, Sections 469.174 to 469.179. Payments on this TIF Loan are subordinate to any outstanding or future bonds, notes or contracts secured in whole or in part with Available Tax Increment, and are on parity with any other outstanding or future interfund loans secured in whole or in part with Available Tax Increment 4. The principal sum and all accrued interest payable under this TIF Loan are pre- payable in whole or in part at any time by the Authority without premium or penalty. No partial prepayment shall affect the amount or timing of any other regular payment otherwise required to be made under this TIF Loan. 5. This TIF Loan is evidence of an internal borrowing by the Authority in accordance with the Act and is a limited obligation payable solely from Available Tax Increment pledged to the payment hereof under this resolution. This TIF Loan and the interest hereon shall not be deemed to constitute a general obligation of the State of Minnesota or any political subdivision thereof, including, without limitation, the Authority. Neither the State of Minnesota, nor any political subdivision thereof shall be obligated to pay the principal of or interest on this TW Loan or other costs incident hereto except out of Available Tax Increment, and neither the full faith and credit nor the taxing power of the State of Minnesota or any political subdivision thereof is pledged to the payment of the principal of or interest on this TIF Loan or other costs incident hereto. The Authority shall have no obligation to pay any principal amount of the TIF Loan or accrued interest thereon, which may remain unpaid after the final Payment Date. 6. The Authority may amend the terms of this TIF Loan at any time by resolution of the Authority's Board of Commissioners, including a determination to forgive the outstanding principal amount and accrued interest to the extent permissible under law. 7. The Board ratifies all actions of its staff and consultants in making the TIF Loan, and authorizes and directs staff to take all actions necessary to repay the outstanding balance of the TI~ Loan in accordance with this resolution. Approved by the Board of Commissioners of the Columbia Heights Economic Development Authority this day of March, 2003. Don Murzyn Jr., President Walter R. Fehst, Executive Director ATTEST: Cheryl Bakken, Community Development Secretary SJB-226968vl 2 CL205-18 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: March 18, 2003 AGENDA SECTION: Items for Consideration ORIGINATING DEPARTMENT: EXECUTIVE NO: 2 Community Development DIRECTOR APPROVAL ITEM: Adopt Resolution 2003-05, a Resolution BY: Robert Streetar BY: Ratifying and Specifying terms of the DATE: March 12, 2003 Inter-Fund Loans for the Sheffield TIF District BACKGROUND: Sheffield Tax Increment Financing District Inter-Fund Loan During years 1995, 1996 and 1997 monies from the Sewer Utility and Liquor Funds, totaling $640,174 were made available for land acquisition and site preparation costs related to the Sheffield Redevelopment Project. At that time, while the City Council approved the use of these monies, no formal inter-fund loan agreement was executed. Subsequently, the EDA is now requested to execute an inter-fund loan agreement which ratifies and specifies the terms of the inter-fund loan. The principal amount of this loan is $640,174, the interest rate is 5% simple interest per annum, and the loan will be repaid fi.om tax increment payments received by the City from the County in February and August of each year. RECOMMENDATION: Staff recommends the EDA Board ratify all actions of its staff and consultants in making the TIF Loan, and authorize and direct staff to take all actions necessary to repay the outstanding balance of the TIF Loan in accordance with the attached resolution. RECOMMENDED MOTION:. Move to Adopt Resolution 2003-05, a Resolution Ratifying and Specifying terms of the Inter-Fund Loans for the Sheffield TIF District; and furthermore, to direct the President and Executive Director to enter into an agreement for the same. Attachments: Resolution Ratifying and Specifying Terms of Inter-Fund Loans for Sheffield District. EDA ACTION: h:\TIF2003\Res.2003-05 Sheffield Loan RESOLUTION 2003-05 RESOLUTION RATIFYiNG AND SPECIFYING TERMS OF THE iNTER-FUND LOANS FOR THE SHEFFIELD TIF DISTRICT RECITALS A. The City of Columbia Heights. ("City") and its Economic Development Authority ("Authority") have undertaken a program to promote the development and redevelopment of land which is underutilized within the City, and in this connection the Authority administers the Redevelopment Project No. 1 pursuant to Minnesota Statutes, Sections 469.001 to 469.047 and Sections 469.090 to 469.1081 (the "Act"). B. Pursuant to the Act, the Authority is authorized to undertake certain activities to prepare such real property for development and redevelopment by private enterprise. C. Within the Project the Authority and City have established the Sheffield Tax Increment Financing District (M8) (the "TIF District"). D. In order to provide funds for land acquisition, site preparation and other costs authorized in the TIF Plan for the TIF District, the Authority made an interfund loan from the Sewer Utility and Liquor Funds in the amount of $640,174 (the "TIF Loan''), disbursed during 1995, 1996 and 1997. E. The Authority has determined a need to ratify the establishment of the TIF Loan as permitted under Minnesota Laws, 2001 First Special Session, Ch.5, Article 15, section 3 (the "Act") and to document the repayment schedule, interest rate, and payment terms for the remaining balance of that loan. NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic Development Authority as follows: 1. The TIF Loan in the principal amount of $640,174 bears interest at the rate of 5.0 percent per annum, subject to adjustment as provided below. Interest accrues from the date of this resolution until the principal and interest are paid in full. The interest rate payable in any year will not exceed the greater of(a) the rate specified under Minnesota Statutes, Section 270.75, or (b) the rate specified under Minnesota Statutes, Section 549.09. The interest rate for each calendar year during the term of the TIF Loan will be determined as of each January 1, using either the stated rate of 5.0 percent, or, if that rate exceeds the statutory maximum, the maximum rate under clauses (a) or (b) in effect as of that date. 2. Principal and interest ("Payments") shall be paid semi-annually on August 1, 2003 and each August 1 and February 1 thereafter to and including the earlier of (a) the date the principal and accrued interest of the TIF Loan is paid in full, or (b) the date of last receipt of tax increment from the TIF Disthct ("Payment Dates") which Payments will be made in the amount and only to the extent of Available Tax Increment as hereinafter defined. Payments shall be applied first to accrued interest, and then to unpaid principal. SJB-226968vl CL205-18 3. Payments on this T1F Loan are payable solely from "Available Tax Increment," which shall mean, on each Payment Date, all of the tax increment generated in the preceding six (6) months with respect to the property within the TIF District and remitted to the Authority by Anoka County, all in accordance with Minnesota Statutes, Sections 469.174 to 469.179. Payments on this TIF Loan are subordinate to any outstanding or future bonds, notes or contracts secured in whole or in part with Available Tax Increment, and are on parity with any other outstanding or future interfund loans secured in whole or in part with Available Tax Increment 4. The principal sttm and all accrued interest payable under this TIF Loan are pre- payable in whole or in part at any time by the Authority without premium or penalty. No partial prepayment shall affect the amount or timing of any other regular payment otherwise required to be made under this TIF Loan. 5. This TI]7 Loan is evidence of an internal borrowing by the Authority in accordance with the Act and is a limited obligation payable solely from Available Tax Increment pledged to the payment hereof under this resolution. This TIF Loan and the interest hereon shall not be deemed to constitute a general obligation of the State of Minnesota or any political subdivision thereof, including, without limitation, the Authority. Neither the State of Minnesota, nor any political subdivision thereof shall be obligated to pay the principal of or interest on this TIF Loan or other costs incident hereto except out of Available Tax Increment, and neither the full faith and credit nor the taxing power of the State of Minnesota or any political subdivision thereof is pledged to the payment of the principal of or interest on this TIF Loan or other costs incident hereto. The Authority shall have no obligation to pay any principal amount of the TIF Loan or accrued interest thereon, which may remain unpaid after the final Payment Date. 6. The Authority may amend the terms of this TIF Loan at any time by resolution of the Anthority's Board of Commissioners, including a determination to forgive the outstanding principal amount and accrued interest to the extent permissible under law. 7. The Board ratifies all actions of its staff and consultants in making the T~ Loan, and authorizes and directs staffto take all actions necessary to repay the outstanding balance of the TIF Loan in accordance with this resolution. Approved by the Board of Commissioners of the Columbia Heights Economic Development Authority this day of March, 2003. Don Murzyn Jr., President Walter R. Fehst, Executive Director ATTEST BY: Cheryl Bakken, Community Development Secretary SJB~226968vl 2 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: March 18,2003 AGENDA SECTION: Items for Consideration ORIGINATING EXECUTIVE DIRECTOR NO: 3 DEPARTMENT: APPROVAL Community Development ITEM: Adopt Resolution 2003-06, a Resolution BY: Robert Streetar BY: Approving and Specifying terms of Inter- DATE: March 13, 2003 Fund Loans for the Downtown CBD and University Avenue TIF Districts BACKGROUND: Between 1977 and 1984, the EDA established the Central Business District (A3/C7) and the University Avenue (C8) tax increment financing districts. To promote development and redevelopment within these districts, the City sold bonds, and pledged future tax-increment collections from these districts to pay the bond debt service. Because of property tax reform implemented by the State Legislature, them will not be enough tax increment collected to pay bond debt service, therefore, the City may have to borrow internally from available funds to pay the bond debt service. According to the City's financial consultant, Ehlers, Inc., the greatest loan required to cover any and all deficits is $850,000. In anticipation of these deficits, the EDA is required to approve and specify terms of the future inter-fund loan required, before the deficits occur. The maximum deficit is $850,000, the interest rate is 5% simple interest per annum, and loan funds to pay bond debt service would come from the Parking Ramp Fund 290, and the Housing Mortgage Fund 390. Please note that in anticipation of these deficits, and as discussed last fall, the City would seek state legislation so as not to have to borrow internally. RECOMMENDATION: Staff recommends the EDA authorize and direct staff to take all actions necessary to repay the outstanding balance of the TIF Loan in accordance with the attached resolution. RECOMMENDED MOTION: Move to Adopt Resolution 2003-06, a Resolution Approving and Specifying Terms of Inter-Fund Loans for Downtown CBD and University Avenue TIF Districts; and furthermore, to authorize the President and Executive Director to enter into an agreement for the same. Attachments EDA ACTION: h:\Consent2003\Res.2003 06 Ratifying Downtown CBD & TIF RESOLUTION 2003-06 RESOLUTION APPROVING AND SPECIFYING TERMS OF INTER-FUND LOANS FOR THE DOWNTOWN CBD AND UNIVERSITY AVENUE TEF DISTRICTS RECITALS A. The City of Columbia Heights. ("City") and its Economic Development Authority ("Authority") have undertaken a program to promote the development and redevelopment of land which is underutilized within the City, and in this connection the Authority administers the Redevelopment Project No. 1 pursuant to Minnesota Statutes, Sections 469.001 to 469.047 and Sections 469.090 to 469.1081 (the "Act"). B. Pursuant to the Act, the Authority is authorized to undertake certain activities to prepare such real property for development and redevelopment by private enterprise. C. Within the Project the Authority and City have established the Downtown CBD Tax Increment Financing District (A3, C7) and the University Avenue Redevelopment District (C8) (collectively, the "Tile Districts"). D. In order to finance certain public redevelopment costs in the project, the City of Columbia Heights has issued certa'm general obligation tax increment revenue bonds (the "TIF Bonds"), which are secured in part with tax increments from the TIF District. E. The Authority anticipates shortfalls in tax increment needed to pay debt service on the TIF Bonds, and therefore needs to make such payments from other available EDA funds. F. Under Section 469.178, Subdivision 7 of the TIF Act, the Authority is authorized to advance or loan money from any fired from which such advances may be legally made in order to finance expenditures that are eligible to be paid with tax increments under the TI~ Act. G. The Authority intends to reimburse itself for such debt service payments as an interfund loan in accordance with the terms of this resolution. NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic Development Authority as follows: 1. The Authority authorizes an interfund loan in the maximum amount of $850,000 the ("TIF Loan"), to be drawn from the Parking Ramp Fund (Fund 290), the Housing Mortgage Fund (Fund 390), or any combination of those funds. Funds may be drawn at the times necessary to pay principal and interest on the TIF Bonds when due. The outstanding principal balance of the TIF Loan bears interest at the rate of 5.0 percent per annum, subject to adjustment as provided below. Interest accrues from the respective dates of each disbursement from the identified funds in order to make debt service payments on the TIF Bonds, until the principal and interest are paid in full. The interest rate payable in any year will not exceed the greater of(a) the rate specified under Minnesota Statutes, Section 270.75, or (b) the rate specified under Minnesota Statutes, Section 549.09. The interest rate for each calendar year during the term of the TIF Loan will be determined as of each SJB-226977vl CL205-18 January 1, using either the stated rate of 5.0 percent, or, if that rate exceeds the statutory maximum, the maximum rate under clauses (a) or (b) in effect as of that date. 2. Principal and interest ("Payments") shall be paid semi-annually on each August 1 and February 1 ("Payment Dates") after dispersal of funds for the TIF Loan, and thereafter to and including the earlier of(a) the date the principal and accrued interest of the TIF Loan is paid in full, or (b) the date of last receipt of tax increment fi:om the TI1~ Districts (as such term may be extended by legislation). Payments will be made to the respective fund fi:om which the TIF Loan was drawn, and will be in the amount and only to the extent of Available Tax Increment as hereinafter defined. Payments shall be applied first to accrued interest, and then to unpaid principal. 3. Payments on this TIF Loan are payable solely fi:om "Available Tax Increment," which shall mean, on each Payment Date, all of the tax increment generated in the preceding six (6) months with respect to the property within the TIF Districts and remitted to the Authority by Anoka County, all in accordance with Minnesota Statutes, Sections 469.174 to 469.179. Payments on this TIF Loan are subordinate to any outstanding or future bonds, notes or contracts secured in whole or in part with Available Tax Increment, and are on parity with any other outstanding or future interfund loans secured in whole or in part with Available Tax Increment. The Finance Director is authorized to determine which specific TIF District or combination thereof will be used to make Payments on the TIF Loan. 4. The principal sum and all accrued interest payable under this TIF Loan are pre- payable in whole or in part at any time by the Authority without premium or penalty. No partial prepayment shall affect the amount or timing of any other regular payment otherwise required to be made under this TIF Loan. 5. This TIF Loan is evidence of an intemal borrowing by the Authority in accordance with Minnesota Statutes, Section 469.178, subd. 7 and is a limited obligation payable solely fi:om Available Tax Increment pledged to the payment hereof under this resolution. This TIF Loan and the interest hereon shall not be deemed to constitute a general obligation of the State of Minnesota or any political subdivision thereof, including, without limitation, the Authority. Neither the State of Minnesota, nor any political subdivision thereof shall be obligated to pay the principal of or interest on this TIF Loan or other costs incident hereto except out of Available Tax Increment, and neither the full faith and credit nor the taxing power of the State of Minnesota or any political subdivision thereof is pledged to the payment of the principal of or interest on this TIF Loan or other costs incident hereto. The Authority shall have no obligation to pay any principal amount of the TIF Loan or accrued interest thereon, which may remain unpaid after the final Payment Date. 6. The Authority may amend the terms of this TIF Loan at any time by resolution of the Authority's Board of Commissioners, including a determination to forgive the outstanding principal amount and accrued interest to the extent permissible under law. 7. The Board authorizes and directs staff to take all actions necessary to repay the outstanding balance of the T1F Loan in accordance with this resolution. SJB-226976vl 2 CL205-18 Approved by the Board of Commissioners of the Columbia Heights Economic Development Authority this _ day of March, 2003. Don Murzyn Jr., President Walter R. Fehst, Executive Director ATTEST: Cheryl Bakken, Community Development Secretary H 5Resolutions2003 ~E DA20034)6 Ratifying Downtown CBD & Univ. TIF SJB-226976vl 3 C[205-18 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: March 18, 2003 AGENDA SECTION: Items for Consideration ORIGINATING DEPARTMENT: EXECUTIVE NO: 4 Con~nunity Development DIRECTOR APPROVAL ITEM: Anoka County Con~nanity Development BY: Robert Streetar BY: Authority DATE: March 13, 2003 BACKGROUND: As Conu~sioners will recall, Anoka County is requesting legislative authority, under Senate File 547, to establish the Anoka County Co..,anity Development Authority (ACCDA). The ACCDA will have all of the powers of a Housing and Redevelopment Authority (HRA) under Minnesota State Statutes, sections 469.001 to 469.047, and all of the powers of an Economic Development Authority (EDA) under Minnesota State Statutes, sections 469.090 to 469.1082. The ACCDA will have the authority to levy a countywide property tax in an amount not to exceed .0144 percent of taxable value. If the ACCCDA had the authority to levy for the current year, the maximum that could be levied in Columbia Heights would be $111,648. The ACCDA intends to spend these monies to implemem the findings of the "Working Together to Shape the Future of Anoka County" report. Please find attached a copy of the report. Specifically, the monies will be spent to support activities related to: · Expanding the diversity and mix of hosing in developing areas; supporting new single and multifamily housing in developed areas. · Developing tramportation alternatives, including conanuter rail, ~ght rail andbuses as atalatopriate. · Reducing congestion on highways and roads. · Facilitating development near existing or planned transit service. · Increasing the number and quality of jobs. · Increasing the tax base. · Enhancing coi~,munication so that opportunities are recognized. · Aligning economic development activities with the skills of the Anoka County workforce. · Supporting policies that encourage and invest in training the Anoka County workforce. In light of Anoka County's plan to establish the ACCDA, staffrecoliul~ilds: · The EDA recon~end to the City Council, that the City Council adopt a resolution supporting Anoka County's bill (S.F. 547) establishing the ACCDA for the purpose of implementing the activities of the "Working Together to Shape the Furore of Anoka County" report. · Amending the language in the SF. 547: >Limiting the ACCDA's ability_ to levy, to 30% of the maximum levy. If the ACCDA had the authority to levy for the current year, the maximum levy would be $111,648, and 30% of that amount is $33,494. >Authorizing the City of Columbia Heights to request that the ACCDA levy, on the City's behalf, uo to 70% of the maximum lew allowed, and return to the City of Columbia Heights that amount to fund redevelopment, economic development and housing related projects as authorized under Minnesota State Statutes, sections 469.001 - 469.1080. For the current year, this would be approximately $78,154, which is the maximum the City could receive. The benefits of this proposal: · Allows the ACCDA to pursue projects that could have a countywide benefit that could benefit Columbia Heights. · Limits the ACCDA's ability to take tax dollars generated in Columbia Heights and spend them in other cities. · Provides the City of Columbia Heights with a potential fund source to use to h~ulement redevelopment, economic development and housing related projects. Staff spoke with Representative Barb Goodwin (DFL) 50A, and she stated she thought is was a "great idea" and indicated she would, if the Council approved, amend S.F. 547 as suggested above. RECOMMENI)ED MOTION: Move to recmmitend to the City Council the following: Adopt a resolution supporting Anoka County's bill (S.F. 547) establishing the Anoka County Community Developmem Authority for the purpose of implementing the activities ofthe"Working Together to Shape the Furore of Anoka County" report, and; · Request Representative Barb Goodwin amend the hmguage in the SF. 547: >Limiting Anoka County's Community Development Authority's ability to levy to 30% of the maximum levy. > Authorizing the City of Columbia Heights to request that the ACCDA levy, on the City's behalf; up to 70% of the maximum levy allowed, and return to the City of Columbia Heights that amount to fund redevelopment, economic development and housing related projects as authorized under Minnesota State Statutes, sections 469.001 -469.1080. Attaclnn~ts EDA ACTION: h:\consem Form2003~EDA Anoka County Cos~asLDev. Working Together to Shape the Future of Anoka County Economic Development Housin~ Transportation Anoka County Development Investment Strategy Work Group DRAFT September 24, 2002 "In January 2002, a Development Investment Strategy Work Group was formed, drawing together key staff resources of the county, the ACRRA, the ACHRA and a variety of supplemental ' · consulting expertise." Phase Ih The Collaboration In December 2001, the ACHRA, the Anoka County Regional Rail Authority (ACRRA), and Anoka County each adopted resolutions endorsing a collaborative effort among the three entities to leverage resources and to devise and Implement the Anoka County Development Investment Strategy. The purpose of the initiative is to work together to shape the future of Anoka County. The initiative includes public and private investment, business growth and improvements to housing and transportation to encourage development and redevelopment in Anoka County. In Januar~ 2002, a Development Investment Strategy Work Group was formed, drawing together key staff resoumes of the county, the ACRRA, the ACHRA and a variety of supplemental consulting expertise. The process for preparing the strategy has been as follows: 1. Identification of Anoka County strengths; weaknesses, opportunities and threats (January - March). Qualitative and quantitative research to verify and further evaluate Anoka County's assets and challenges (April - June). Review of preliminary findings with key stakeholders, including cities, chambers, and policy makers (July - August). 4, Development of short term and long term action plans and begin implementation (July- September). Phase II1: Workinq Toqether to Shape the Future Following consideration by the Boards of Anoka County, ACHRA and ACRRA, as well as key stakeholders, the next steps in the process will be to implement the strategy set forth on pages 22-27 of this report. 2 Der I - - are not viewed as favorable locations for economic development. · Need for Balanced Housing Stock There is a need to focus on enhancing the housing mix and product types in the developing areas of Anoka County, such as multifamily owned housing, new rental housing, and cluster development in more rural or hard to develop areas. The fully developed areas of Anoka County already have a good mix of multi and single family housing, however there is a need to rehab existing housing and develop new housing in these areas. Additionally, there is a pemeption that Anoka County has very limited housing available for middle and upper income residents. Need for Additional Housing Units It is estimated that close to 20,000 new units of housing will need to be built to accommodate the projected growth in Anoka County during this decade. To satisfy the projected growth of 19,800 households during the current decade, it is projected that 84% of the housing will need to be for-sale (16,600 units) and 16% will need to be rental (3,200). Without increased development of moderately priced homes and rental housing in Anoka county, there is the possibility that many persons who are potential new residents will seek more affordable for- sale housing located in counties further north and west. There is a strong possibility that County assistance may .be needed to develop enough rental housing to satisfy the needs during this decade. · Geography There is a perception that much of Anoka County cannot be developed due to wetlands. Moreover, the perceived distance from the downtown areas and lack of natural beauty cause some reluctance for developers. · Wastewater Treatment Capacity Wastewater from cities within the Metropolitan Urban Service Area (MUSA) is treated at the Metropolitan Wastewater Treatment Plant in St. Paul. The Metropolitan Council has planned to manage growth in 4 Development investment Strate,qy Report DRAFT 9-24-02 PART I1: CHALLENGES AND ASSETS Assets Through the same process used to identify challenges, the Development Investment Strategy Work Group identified the key assets of Anoka County. Assets include: · Medtronic, National Sports Center, TPC golf course bring employment, visitors and a new, prosperous image to Anoka County. Medtronic is the world's leading medical technology company. Medtronic Headquarters in Fridley employs hundreds of people. The National Sports Center in Blaine is a premier international, national and regional sports destination averaging over 2.5 million visitors a year. The Center's estimated economic impact in 2001 was 47 million out-of-state dollars. The Tournament Players Club (TPC) golf course of the Twin Cities is located in Blaine. The par-72 layout is the centerpiece of a residential community comprised of 700 homes ranging in price from $200,000 to $1 million. In one year the value of the homes has increased 35%. Development Investment Strategy Report DRAFT 9-24-02 well as the Minneapolis/St. Paul Airport. Other major improvements in the Corridor as provided for in the Northstar Corridor Major Investment Study and in the Trunk Highway 10 Interregional Corridor Study, will also relieve congestion and improve the movement of goods along the Corridor. History of Public/Private Cooperation Anoka County has a history of working with private industry to develop key facilities in Anoka County, such as the TPC Golf Course, the National Sports Center and Medtronic. · Blaine Airport The Anoka Regional Airport offers the north metro a convenient and safe airport with runways long enough to serve most business aimraff (5,000 feet). Businesses with operations in Anoka County have access to the largest reliever airport in the Twin Cities. Northtown Transit Hub The Northtown Transit Hub is used by employees of the Northtown Mall, shoppers and commuters to Minneapolis. In 1992, the Transit Hub was established by three-way agreement between the Anoka County Regional Rail Authority, the Metropolitan Council and the Northtown Mall. Today, over 300 vehicles use the park- and-dde facility (built to serve 340) and nine bus routes offering a total of 302 trips service the hub daily. Medical Facilities Mercy and Unity Hospitals, located in Coon Rapids and Fridley, are non-profit hospitals that serve Anoka County. With more than 3,900 employees and 730 affiliated physicians, the hospitals respond to a wide range of health care needs with specialty services, including behavioral health, cardiac care, emergency, obesity intervention, oncology, orthopedics, neuroscience and women's and children's services. The hospitals are highly involved in improving the health of the communities. A dedicated staff works regularly with a wide range of community organizations on a variety of activities that reach outside the hospitals and into the Development Investment Strategy Report DRAFT 9-24-02 the first two years of a Bachelor's degree, or certificate programs that lead immediately to rewarding careers. The college also focuses on providing professional development and continuing education programs for working adults. Over 7,000 students enroll in these courses each year. Anoka-Hennepin Technical College provides Anoka County employers with access to state-of-the-art technical education and training in a wide array of programs. Courses are offered on-site at the main campus in Anoka or at other sites throughout the County, meeting the needs of current employers and workers as well as businesses locating in Anoka County. Through credit classes, customized training offerings, and specialized support services, AHTC is well-positioned to meet the educational needs of current and future employees. The College and Anoka-Hennepin District #11 also partner to offer S.T.E.P. (Secondary Technical Ed.ucation Program), an emerging state and national model which aligns high school and college curriculum for students exploring technical careers with the emerging workforce needs of the northwest metropolitan region. AHTC's many public and private partnerships make it a hub for workforce and economic development activities in Anoka County. tO Develogment Investment Stmt~.c~v Employment Facts Average weekly wage in Anoka County in 2000 was approximately $650, as was the average weekly wage for Carver, Scott and Dakota Counties. The Washington County weekly wage was slightly less, and Hennepin and Ramsey County weekly wages were significantly more. Anoka County household income is concentrated in the ranges of $35,000 to $75,999 (approximately 48,000 households) and $75,000 to $149,999 (approximately 30,000 households). · Anoka County employment grew faster than Carver, Scott and Washington Counties in the 1990's. Minneapolis and St. Paul occur in the top five destinations for Anoka County workers. In fact, 22% of Anoka County workers commute to Minneapolis. Also included in the top five commuter destinations are the cities of Anoka, Blaine, Coon Rapids, Fridley and Roseville, depending on whether the workers live in the southern, western or eastern portion of the county. The median commute is 12 miles or 20 minutes. Anoka County residents commute greater distances to employment relative to the rest of the metro area. A recent labor force survey indicates that a significant number of residents would require less wages to work within the county opposed to areas that require a longer commute. The same survey indicated that 50% of Anoka County adults have post-secondary credentials, including 27% with a bachelor or advanced degree. · The survey also showed that a large percentage of workers are interested and willing to continue training. Development Investment Strategy Report DRAFT 9-24-02 Housing prices are increasing rapidly in Anoka County (from an average of $105,000 in 1995 to $179,000 in 2001). Overall, new housing is priced much higher than existing housing in Anoka County (new single-family homes average about $275,000). Rental Housing Market Facts · The overall vacancy rate (4.2% in second quarter 2002) is below the Metro Area average. Average rent in Anoka County ($771) is increasing, but still below the Metro Area average; this reflects an older market with few amenities targeted to a price sensitive market. Apartment developers have shied away from Anoka County because they believe they can achieve higher rents in other parts of the Metro Area where overall incomes are higher. New rental housing would have to achieve monthly rents of roughly $900 for a 1BR and $1,100 for a 2BR to be competitive. Low rental vacancy rates reduce the availability of product for all market segments and increasingly for those who have income/larger size household constraints. 14 Development Investment Strategy Report DRAFT 9-24-02 funds. Over $320 million in additional projects has been identified in Anoka County's Five-Year Plan. Transit There are a variety of transit services operating in Anoka County, including: · Metro Transit, providing connections to Minneapolis and St. Paul, · Anoka Traveler, providing intra-county connections and meeting special transportation needs, Northstar Commuter Coach, which mirrors a portion of the future Northstar Commuter Rail service, stops in Elk River and Coon Rapids, connecting people to Downtown Minneapolis. Years of reseamh and input from area residents demonstrate that Northstar Commuter Rail offers the best option for relieving congestion in western Anoka County. In fact, Northstar commuter rail is seen as the key to future development in the corridor between Anoka County and St. Cloud. It is anticipated that the Bethel- Minneapolis commuter rail line will offer the same opportunity for eastern Anoka County. 16 Development Investment Strategy Report DRAFT 9-24-02 PART IV: CONNECTIONS AND PARTNERS Connections Economic Development ( ) Housing · There !s a strong connection between employment and housing, inCluding the number of jobs, types of positions, average wage rates and increases in housing price/mix. Employers are increasingly concerned about the availability of housing for employees. Attracting major employers to Anoka County will depend, in part, on the availability and mix of housing at a range of price points in addition to other criteria. There is a need to focus on enhancing the mix and product types in the developing areas of Anoka County, such as multifamily owned product, new rental housing, and cluster development in more rural or hard to develop areas. Housing ( )Transportation · Households are already making housing location decisions that include transportation factors such as commute time and better access to public transportation. Residents don't want to waste valuable time sitting in traffic. Transportation connections to employment centers will become increasingly important in household decisions about where to locate, as congestion in the Metro Area worsens. ,. Transportation (,,,>Economic Development · Safe, reliable and convenient transportation alternatives for employees will become an increasingly important factor in business location decisions. For example, Medtronic has already committed to serving each commuter rail train with a feeder bus that will bring Medtronic employees to and from the Coon Rapids - Foley station. Steve Kelmar, Vice President, Medtronic, stated in a letter to Governor Ventura and Congressman 18 PART IV: CONNECTIONS AND PARTNERS Partners Anoka County Anoka County has grown from a largely rural area in 1857 to the present day. urban center. This urban center has diversified industrial, commercial, residential, and professional development. It is one of the largest and fastest growing counties in the State of Minnesota. Anoka County, with its county seat in Anoka, encompasses a 424 square mile area and has a population of approximately 300,000.The mission of Anoka County is to preserve the public trust by serving Anoka County citizens in a compassionate, innovative and fiscally responsible manner. Anoka County Regional Rail Authority The Anoka County Regional Railroad Authority (ACRRA) was established in 1987, by resolution of the Anoka County Board of Commissioners, in accordance with Minnesota statutes. The ACRRA is an independent political subdivision of Minnesota. The Anoka County Board of Commissioners serves as the Board of Commissioners of the ACRRA. Its purpose is to improve passenger rail, specifically focusing on commuter rail and light rail transit. Anoka County Housing Redevelopment Authority The Anoka County Housing and Redevelopment Authority (ACHRA) was formed in December 1994, by adoption of a resolution by the Anoka County Board of Commissioners. It was formed pursuant to a special law adopted by the Legislature in 1978, and pursuant to the Minn. Stat. Chapter 469. The ACHRA levies a property tax in its area of operation. The revenue collected is used to fund the operations of the ACHRA and projects identified by the municipalities within the County. All projects developed by the ACHRA in the municipalities are undertaken in close collaboration and pursuant to an agreement with the municipalities. 2O OevelonmRnt Inv~trn~nf .C;tr~tp. nv Rc. nnrt r3RAFT PART V: STRATEGY DEVELOPMENT: WORKING TOGETHER TO SHAPE THE FUTURE OF ANOKA COUNTY Goal The goal of the initiative is to attract desired development, redevelopment and investment (public and private) to Anoka County that will create more quality jobs, expand tax base, Improve the diversity and quality of housing, and improve transportation. To achieve this goal, it is recognized that Anoka County, ACHRA, ACRRA, municipalities, ACEDP, chambers, businesses and other stakeholders must work together to shape the future of Anoka County. This umbrella theme encompasses a variety of opportunities that could be pursued to make Anoka County a better place to live, work and play. Objectives Based on the findings as summarized, the Work Group proposes the following objectives related to housing, transportation and economic develqpment. These objectives are proposed to supp.ort and build on each other to shape the future of Anoka County. Achievement of the objectives in whole is far greater than the sum of the parts. Pursuit of these objectives requires the partners to work together. Expand the diversity and mix of housing in developing areas; support new single and multifamily housing in developed areas. · Develop transportation alternatives, including commuter rail, light rail, and buses as appropriate. · Reduce congestion on highways and roads. · Facilitate development near existing or planned transit service. Development Investment Strate,qy Report DRAFT 9-24-02 County could become a suballocator of tax-exempt bonds and tax credits similar to Dakota County to support privately owned housing developments. This could be used to increase the availability of work force and senior rental housing. (Note: this would require legislative action.) Examine and revise policies of the ACHRA, the ACRRA and Anoka County to ensure they reflect the common vision. The County, the ACHRA and ACRRA should evaluate the potential for policy and program development that would leverage limited resources and achieve common goals. For example, the Highway Home project was established to facilitate the reuse of homes acquired by the Anoka County Highway department dudng highway construction projects and expedite the use of Community Development Block Grant.(CDBG) funds, and provide much needed affordable housing for first-time home buyers. Over $700,000 in CDBG funding was used to purchase seven homes (six in Fddley and one in Circle Pines). Three of the homes were occupied by Iow or moderate-income families through a transitional housing program at Anoka County Community Action Program (ACCAP) and five homes were vacant. The three occupied homes were sold to ACCAP. The remaining homes will be rehabilitated and sold to qualified families through a lottery. The Highway Homes Project would expand the diversity and mix of housing in Anoka County, consider transit orientation in its housing projects, and facilitate development near existing or planned transit. Identify other transportation corridors, and develop and promote plans for transit and transportation alternatives. Other transportation corridors include the HWY 65 corridor to Cambridge, and east - west movement through the county. 2. Legislative Initiatives Pursue state funding for the capital and operating costs Northstar Commuter Rail. Development Investment Strateqy Re~3ort DRAFT g-24-02 --~ Establish partnerships'with businesses and undertake joint promotions, Continue Northstar commuteY rail public information and involvement Initiatives. Continue participation in the Norths{ar commuter rail public information and involvement activities to inform Anoka County residents and businesses about the project and build support for the project. Activities include disseminating brochures, fact sheets and newsletter; making presentations to chambers and businesses; displaying information at business and community events; maintaining the project web . site; releasing press releases; and organizing special events. 4. Communications Anoka County should take the lead in working with partners to develop a common vision for the future of Anoka County. The County, ACRRA and ACHRA should continue to work with communities, municipalities, and chambers to coordinate existing initiatives and identify opportunities to shape the future of Anoka County. The County should hold quarterly meetings of the Development Investment Strategy Work Group to discuss the current status and next steps for strategy implementation. The County should hold quarterly meetings of County administration and City managers to identify opportunities and address concerns about the future of Anoka County. 5. Project Implementation Facilitate transit oriented development (TOD). Transit odented development (TOD) offers Anoka County the opportunity to link housing, jobs and transit, and helps the county achieve its goal to boost overall economic development. TOD potential exists at major Anoka County transit stops, including Anoka, Coon Rapids, Fridley, and Development Investment Strategy Report DRAFT ~-24-O2 Provide economic development assistance to municipalities. Due to limited staff resources, many Anoka County municipalities would benefit from economic development assistance provided by Anoka County. Such assistance could include conducting research to support development initiatives and assisting municipalities with completing grant applications for development related projects. In addition, Anoka County could assist municipalities with project' coordination where it is more efficient for municipalities to collaborate on projects. For example, Anoka County was awarded a $70,000 Metropolitan Council Livable Communities grant on behalf of the Cities of Anoka, Coon Rapids and Fridley, to examine development potential at the four commuter rail stations in Anoka County and how development at one station will affect the potential for development at the other three stations. Development Investment Strategy Report DRAFT 9-24-02 E =: = "' = : o =: .~ '" g~ Parkview Villa Housing Complex 965 N.E. 40th Avenue, Columbia Heights, MN 55421 (763) 706-3800 Fax (763)788-3978 DATE: March 7, 2003 TO: Bob Streetar; Community Development Director Shirley Barnes; Chief Executive Officer; Crest View Corporation Commissioners; Columbia Heights HRA Board of Directors; Crest View FROM: William Jones, Housing Administrator February Management Report for Parkview Villa & 4607 Tyler We are working on the Customer Service and Satisfaction Survey for HUD. Parkview Villa North storage tanks are on order and will be replaced as soon as they arrive. OCCUPANCY: 4607 Tyler All Units Rented NORTH BUILDING All Units Rented SOUTH BUILDING All Units Rented residents needed increased services Waiting list totals are as follows: Parkview Villa North 22 CH Residents 33 Non-residents 4607 Tyler 4 CH Residents 7 Non-residents Parkview Villa South 26 CH Resident 15 Non residents MISC: RESIDENT COUNCIL MEETING MINUTES OF MARCH 10, 2003 The meeting was called to order at 7:00 p.m. by Vice President, as President Dennis Ecklund Jr wasn't back from conducting the HRA meeting at City Hall. The Pledge of Allegiance was said. The Secretary's Report was given. Treasurer's Report- $900 donated for cleaning of chairs, leaving $7,631.60 balance in checking account. Management Report by William Jones. · Urged residents not to leave anything in hallways. · When posting signs, be sure to have their signature on them. · Don't put tape on doors. · HUD reports that are done once a year are done. · Boilers should be going in full soon Hospitality Report- Parkview Villa had 18 new residents in 2002. This month there are three new residents. Entertainment Report- St. Patrick's Day Bingo at 7 p.m., Coffee and doughnuts at 6 p.m. 65 residents were in attendance at the meeting Jindra announced the Residents Council can make up a Resident Directory. Jones stated the office copier can be used for printing them out. Meeting Adjoumed at 8:15 p.m. Respectfully Submitted, Pat Jindra EDA Representative