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HomeMy WebLinkAboutEDA AGN 03-28-06 CITY OF COLUMBIA HEIGHTS 590 40'h Avenue N.E.. Columbia Heigh's, MN 55421-3878 (763) 706-3600 TDD (763) 706-3692 Visit Ollr Wchsite lit: Ii'wlV.ci.columbia-heighls.11If1.lls AGENDA COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY March 28, 2006 7:00 p.m. City Hall, Conference Room 1 1. Call to Order 2. Pledge of Allegiance 3. Roll Call Don Murzyn Jr., President Patricia Jindra, Vice President Bruce Kelzenberg, Secretary/Treasurer Tammera Diehm Gary L. Peterson Bruce Nawrocki Bobby Williams BUSINESS ITEMS 4. Minutes will be approved at the April 25, 2006 meeting 5. Approve financial report and payment of bills. Motion: Move to approve Resolution 2006 - 02, a resolution of the Columbia Heights Economic Development Authority, approving the financial statement and payment of bills for January and February 2006. 6. Preliminary development agreement between Columbia Heights Economic Development Authority and Prall Ordway Properties. Motion: Move to approve preliminary development agreement between the Columbia Heights Economic Development Authority and Prall Ordway Properties. 7. Discussion of next steps in the redevelopment of 39th and Central Avenue. 8. Administrative Report 9. Other Business The next regular EDA meeting will be Tuesday, April 25, 2006 at Parkview Villa. THE CITY OF COLUMBIA HEIGHTS DOES NOT DISCRIMINATE ON THE BASIS OF DISABILITY IN EMPLOYMENT OR THE PROVISION OF SERVICES EQUAL OPPORTUNITY EMPLOYER ECONOMIC DEVELOPMENT AUTHORITY (EDA) REGULAR MEETING MINUTES JANUARY 24, 2006 CALL TO ORDER/ROLL CALL Vice President, Jindra called the meeting to order at 8:43 p.m. Present: Patricia Jindra, Bobby Williams, Bruce Nawrocki, Tammera Ericson Diehm, Gary L. Peterson and Bruce Kelzenberg. Don Murzyn, JI'. arrived at 8:45pm and took over the meeting. PLEDGE OF ALLEGIANCE OATH OF OFFICE Walt Fehst swore in Patricia Jindra, who was recommendedfor re-appointment at the City Council meeting of Janumy 23, 2006. ELECTION OF OFFICERS Motion by Ericson Diehm, second by Kelzenberg, to elect the same officers as last year, Murzyn, Jr. for President, Jindra for Vice President and Kelzenberg for Secretaly/Treasurel'. All ayes. Motion Carried. CONSENT AGENDA Approval of Minutes of November 22, 2005. Financial Report and Payment of Bills Resolution 2006-01, for the November/December financials and payment of bills. Motion by Ericson Diehm, second by Kelzenberg, to adopt the consent agenda items as listed. All ayes. Motion Carried. ITEMS FOR CONSIDERATION 391h & Central, Columbia Heif!hts Rental Streetar stated the City has determined the corner of39'h & Centralfor redevelopment. SofaI' staff has acquired the property were the former Burger King was located., performed Phase 1 environmental site assessments on all three properties, was awarded $47,059 to complete a Phase 2 environmental assessment on all three properties sometime in February, Tax Increment Financing eligibility assessments on all three properties, which determined they were all blighted, the Mady's owners requested staj/to make an offer for their building and is undertaking appraisals and relocation estimates in order to prepare an acquisition offer, the City applied to Anoka County jor $225,000 of CDBG funds to pay for demolition of the Mady's building should the EDA acquire the property, and City Council along with DSU have developed 4 preliminmy redevelopment concepts as well as toured five successful redevelopment projects in other cities. At this time stal/is askingfor direction to work with the owners of Columbia Heights Rental to determine ifajhendly, negotiated sale, could be accomplished as well as obtaining the appraisalsjor the property. Nawrocki asked why we are trying to take their property, maybe they don't want to sell. Streetar stated the owners of the property contacted staff stating they want to get started with the process. Williams stated before the o,vners of Central Rental didn't want to move, but now that we have purchased the Burger King property, they want to get involved with redeveloping their site. Economic Development Authority Meeting Minutes Janumy 24, 2006 Page 2 of 4 Peterson stated he talked to the owners, who said they know the redevelopment will happen, asked what the City is going to do, realize the City is moving forward with the development and that they want to work with the City to redevelop the site. Peterson also stated he was willing to go with Streetar to talk to the owners on a fdendly basis, the city is in this for the long hall, we need to keep going, we have the staff and energy, we should do it. Nawrocki stated we don't own the property, we don't have the money, Mr. Pratt is still working on redeveloping the movie theater on 37'h and that would take away from the idea of putting h. 39'h more ousmg on . Motion by Peterson, second by Williams, to authorize staff to meet with the owners of Columbia Heights Rental to determine if a friendly, negotiated sale could be accomplished, as well as obtain the necessary appraisals to prepare a future acquisition offer. Nawrocki stated this is premature and we don't have a plan for the property. Upon vote: Nawrocki-nay, Jindra-aye, Ericson Diehm -aye, Kelzenberg -aye, Williams -aye, Peterson -aye, Murzyn Jr. -aye. Motion Carried. ADMINISTRATIVE REI'ORTS 371h & Stinson Partenheimer stated Len Pratt of Pratt Homes has been negotiating the option of purchasing the Apache Theaterfor redevelopmentfi'om Jerry Herringer. Mr. Pratt is in the process of drawing up new concept plans for the development site. Staff will be meeting with Mr. Pratt on the 7''' and will learn more about the development. Ericson Diehm stated she met a 'woman on a trip she had taken recently, who said she would highly recommend Mr. Pratt, and that this is exciting to here as we are looking forward to his development in the City. Herital!e Hcil!hts Partenheimer stated they had a velY informative meeting with 16 residents, some interested business owners and stqff The residents were very excited, gave some goodfeedback to staff. The meeting included presentationsfi'om Streetar on the histDlY of the neighborhood and the City's renewal efforts to date, Police Chief, Tom Johnson updated the positive outcome of the increase patrolling in the neighborhood and Jon Slackfi'om DSU on demographic trends, market analysis, site and area valuations. The next meeting will be held on Wednesday, March 8 at 7pm at the Grand Central Lofts Community Center and ajoint City Council, EDA and Planning Commission meeting will be scheduled for sometime in the weeks to follow. Nawrocki asked how many people were signed up for the committee. Streetar stated he believes there were 12. Ericson Die/un asked if they know of someone that is interested, could they be added to the committee. Partenheimer stated they could. Economic Development Authority Meeting Minutes Januaty 24, 2006 Page 3 of4 49'h & Central Schumacher statedstaffhas been working with Dave Andersonfor redevelopment of the site. The agreement expires next month. The board may have heard the unstable issue of Udupi '.I', which was in the paper. Anderson is hoping this doesn't put a damper on the redevelopment of the block, he has been talking to the owners of the properties on that block, some are willing to sell and some haven't responded to his letters yet, but he is hoping to present something to the board next month. Sarna's Restaurant Schumacher stated the last couple of months the Sarna '.I' have been putting together a plan for the site. When they got the soil tests back, it stated there is 17 fl of contamination on the building site, that would have to be removed. and would cost $126,350 for soil corrections, meaning the basement would be eliminated. StaiI-went over this amount with Wade CarlsonJi'om ProSource and determined this was a good estimate. What the Sarna '.I' would like to see is to bring it to the City for approval to help pay for some of the soil correction costs, just like the City didfor the Industrial Park and hopefitlly, in a couple of weeks be able to prepare a development agreement for approval. Nawrocki asked what is the cost we have invested in the land, what has been spent. Schumacher stated we have obtained the properties with block grant fimds. if we sell the land to a developer, they dig, andfind contamination, it would be at their own additional costs. Peterson stated our appraiser did not include the soil contamination. Streetar stated the City lost money on the property that Gondek bought. Staff suggested a purchase price of approx. $145, 000, with no responses from the local paper, staff recommended advertising in the Minneapolis Star at a price of $155,000, then Gondek came in with a bid of $136,000, the City Council decided to sell to him at a loss to the City. Fehst stated the reason we looked at the properties on that corner, wasn't only for redevelopment, but that the homes and buildings were blighted. Michael Hurley, legal representative for the Sarna '.I', stated they have $50,000 already invested in the planning. Peterson stated the homes and gas station were blighted. We have a developer that is willing to build a restaurant, and that is great. Ericson Diehm agreed. Peterson asked Schumacher if there is any direction the board could give staff tonight. Schumacher stated there isn't, and that staffwill askfor direction at the time the development agreement is brought before the board, however, a consensus of the board would be nice to see if the board is in favor of the City helping with contamination costs. Peterson stated he would vote for it. Ericson Diehm stated she would also be infavor of helping pay for some of the costs, as it is a very valid request. Murzyn Jr. asked if the $126,350 is what they would be askingfor. Schumacher stated that was con'ect. Kelzenberg asked about the $60,000 ji'om Anoka County, is that a done deal. Schumacher stated we are the only one that has made the request to use the funds, as they are unusedfimds that have been returned to the County. Streetar stated Mr. Kordiak has already talked to the county in support of this. Economic Development Authority Meeting Minntes Jannary 24, 2006 Page 4 of 4 Williams stated Nawrocki keeps calling it a sports bar, are they building a sports bar. Hurley stated they are building a restaurant. Nawrocki stated the Star Bar started out as a restaurant and is now a sports bar. Hurley asked if Nawrocki considered Applebees or Redstone as a sports bar, which is the same type of restaurant they will build, they won't have white tablecloths, will have TV's, but won't be fine dining. Nawrocki stated he did not. Williams stated he has heard many times/i'om residents that we need a nice restaurant in Columbia Heights. YMCA/Community Centcl' Streetar stated the YMCA indicated they are undergoing a strategic planning process and market study to determine where they will build fi/ture gyms. The study will be done the end of FebruGlY. Staffwill be meeting with the representatives of the YMCA after their study is complete. Williams stated he would like to encourage sta//to meet with the YMCA, and let them know we are serious about a Community Center/Gym in Columbia Heights. Other Busincss Nawrocki asked ifsomeone is working with the Liquor store folk~ to find them a spot to build a new building. Schumacher stated he knew that the Anderson's have been talking to staff about the possibility, but didn't knuw ifany decisiuns have been made. Murzyn Jr. asked how is the liquor store business doing and stated that our stores are minimum stocked and was concerned how they are making it along with other liquor stores. Fehst stated they aren't doing that bad, and that they would like to build. Nawrocki stated we have really good management at our liquor stores, and the main point he wanted to put across to the board is that we should be working as much with our people for development as we are with other developers. ADJOURNMENT Motion by Williams, second by Ericson Diehm to adjourn the meeting at 9:54pm. All ayes. Motion Carricd. Respectfully submitted, Cheryl Bakken Community Development Secretary H:\EDAminutes2006\EDAI ~24"2006 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: March 28, 2006 AGENDA SECTION: Consent Agenda ORIGINATING EXECUTIVE NO: DEP ARTMENT: EDA DIRECTOR APPROVAL ITEM: Financial Report and Payment of Bills BY: Cher Bakken BY: DATE: March 18,2006 BACKGROUND: The bound Financial Rcport for the months of January and February 2006 draft Resolution 2006-02 is attached for review. The enclosed Financial Report lists the Summary (white), the Check History (Green), the Expenditure Guideline with Detail (blue) and Revenue Guideline with detail (yellow) for each fund. Thc reports cover the activity in the calendar (fiscal) year from January I through February 28, 2006. 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 2006-02, Resolution ofthe Columbia Heights Economic Development Authority (EDA) approving the Financial Statement and Payment of Bills for the months of January and February 2006. EDA ACTION: H:\EDAConsent2006\Jan,feb. F10 Rep 2006 EDA RESOLUTION 2006-02 RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) APPROVING THE FINANCIAL STATEMENT FOR JANUARY AND FEBRUARY 2006 AND PAYMENT OF BILLS FOR THE MONTHS OF JANUARY AND OF IIEBRUARY 2006. 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, thc financial statcment for the months of January and Februmy of2006 and the list of bills for the months of January and February of2006 are attached hereto and made a part of this resolution; and WHEREAS, thc 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 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 ,2006. MOTION BY: SECONDED BY: AYES: NAYS: President- Don Murzyn Jr. Attest by: Cheryl Bakken, Assistant Secretary H:\ResoluliollS2006\ED1\20Q6-02 fin jan.fcb.2006 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Meeting of March 28, 2006 AGENDA SECTION: - ORIGINATING EXECUTIVE NO: 6 DEPARTMENT: DIRECTOR Community Development APPROVAL ITEM: Preliminary Development Agreement BY: Robert Streetar BY: between the EDA and Pratt Ordway DATE: March 20, 2006 Properties. BACKGROUND: The Apache Theatre, located at 2101 37'h Avenue, closed permanently in September of 2003. Subsequently, Mr. Herringer entered into an option agreement with Mr. Len Pratt of Pratt Ordway Properties in August of 2004. This option granted Mr. Pratt time to prepare a redevelopment concept plan. Mr. Pratt is the developer of Silver Lake Village in St. Anthony, which is directly east of Stinson Boulevard. Attachment A includes a summary of the Silver Lake Village redevelopment, and background on Pratt Ordway Properties. Pratt Ordway Properties, the developer, and Comforts of Homes, the builder, have prepared a redevelopment concept plan for the Apache Theatre property. The plan contemplates two - two to three story senior buildings. The first building includes between 45 and 65 assisted living units, with 15 units serving memory care residents. The second building includes between 45 and 65 independent senior units, where residents may purchase assisted living services on an al a carte basis. Attachment B illustrates the redevelopment concept. Attachment C provides a rendering of the building that would be constructed. Attachments D, E, F and G provide a description of personal care and suite rental rates. According to Comforts of Home, they build, own, and operate assisted living and senior properties in several locations in Wisconsin and Minnesota. They own nine properties in Wisconsin and two in Minnesota in the communities of Hugo and Blaine. They have properties in development in White Bear Lake, Cottage Grove, Forest Lake, North Branch, Lino Lakes and Maplewood. Attachments H and I provide information on Comforts of Home. In order to complete the redevelopment of this property, Pratt Ordway Properties will be requesting financial assistance. The amount and purpose of any assistance is yet to be determined. To that end, staff recommends the EDA enter into a preliminary development agreement with Pratt Ordway Properties. This term of this agreement would begin on March 28 and end on November 1, 2006. During the term of the agreement the developer agrees to submit to the EDA a redevelopment plan and the associated costs for construction as well the specific items for which financial assistance is being requested. The EDA agrees to seek the necessary information regarding potential public costs associated with the redevelopment as well as estimate the Authority's level and method of financial participation. The developer is obligated to reimburse the Authority for any costs incurred in reviewing the developers proposed redevelopment plan. The developer must provide an initial deposit of $5,000 to cover these costs. Attachment J is a copy of the preliminary development agreement. This is the same agreement that was used in the redevelopment of the Kmart property, as well as the Industrial Park. Steve Bubul of Kennedy and Graven, the City's legal council on redevelopment matters, prepared this agreement. Daryl Gemer, representing Pratt Ordway Properties, and Brian Winges, representing Comforts of Home, will provide a brief presentation at the meeting. RECOMMENDATION: Staff recommends approving the preliminary development agreement between the Columbia Heights Economic Development Authority and Pratt Ordway Properties. RECOMMENDED MOTION: Move to approve the preliminary development agreement between the Columbia Heights Economic Development Authority and Pratt Ordway Properties. 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"Wa'll\ri~~i,ci, in~ai ,illed!v~;~e,'i;eedsot'o~ri~n~nl~ , ,,', ' ,I, 'PYprllvldll1gtolal qilallly it!anagemetiqhtl,l40lJa , "persoI:1I1liied, Pfofes'lIibnal approabh.Opr,st~ff IS," ,prepared.H> address'l!,nd r~aolloa .wideJJ'liig~,: .', ,,' of,!situatlons,,'" ",," ",' ,,',' ,",,"'" ,'.". "I);' ,. " >." ',.,' ',,",. I ',". . ":,,.., ':'1 ., bThelafenf~dteain.of "',,',',',' "-~'" PfofellS,i,bl];lls, E!t ,; :,' .. ... i;l:',Prfill Ordway P,r<;>pe~lias, ~;\ is.lep l(yJil.hl1.l)rdway, ... ,. r'Leil,PrattaJid l:.o~i.aIlPraH.. ,;:::1;:.. i .......i. .... ... John Ordway John Ordway's career spans over 30 years in real estate development and construction. A 1970 Duke University graduate, John's resume includes Assistant Superintendent during construction of Minneapolis' IDS BUilding and owner of a custom home construction business, Since 1983, he has been involved with the development, construction, leasing and management of over 400,000 sq. ft. of suburban office, retail and industrial properties, John has been a member of the Builders Association of the Twin Cities for over 25 years, serving on Its Board of Directors for many years. He serves on several boards and volunteers his time and construction expertise to clubs, schools and non-profit organizations. Leonard Pratt Len Pratt has been an active member of the Twin Cities real estate, building and development industry for over 30 years. A University of Minnesota graduate, Len has helped guide and buiid Pratt Homes into one of the Twin Cities' most sought-after custom home building companies. Since 1980, he has been on the Builders Association of Minnesota's Board of Directors, serving as Secretary, Vice-President and President, as well as serving on numerous committees. The Minnesota Buiiding Industry Foundation inducted Len into their Hall of Fame in 2001. On the national level, Len is a Life-Director with the National Association of Home Buiiders, serving on a variety of committees. Lowell Pratt Lowell Pratt has dedicated over 30 years of his life to the building and development Industry. A University of Minnesota graduate, Lowell has been President of Construction at Pratt Homes since 1973. He pioneered Minnesota builder licensing, which instituted specific gUidelines to increase the ethical standards of the professional building industry in the state of Minnesota. Lowell has served as past-President of Builders Association of St. Paul and the Builders Association of the Twin Cities. Lowell served on the Minnesota Building Industry Foundation Board and the Builder Association of Minnesota. In 1996, Lowell was inducted into the Minnesota Builders Industry Foundation Hall of Fame. Property City W~rl!M"~~ Innsbruck New 1 Professional Brighton Center 2 Stony Lake Office New Park Brighton Mai n Street New 3 Village Brighton RETAIL Main Street 4 Village New CONDOMINIUMS Brighton for sale 5 New Brighton New Village Center Brighton 7 Harbor Place Shoreview Office Village 8 North Oaks North Oaks Village Center 9 3500 Willow Lake Vadnais Blvd. Heights 10 Willow Lake Vadnais x Office Condos Heights 11 Willow Lake Vadnais Office Building Heights 12 Heartland Office Stillwater Village Silver Lake 13 Village St. Anthony old Apache Plaza 14 The Nicollet Minneapolis ON THE MALL , I ~ . ,., . 'ftA '_"~V;~,,, lil<l~l:liil1~toh :, ":~'" .",,'~i:;..: ,.,-, PRATT ORDWAY, LLC Willow Lake Business Center Suite 200 3555 Willow Lake Boulevard Vadnais Heights, MN 55110 651-631-8059 651-631-2408 Fax General Info: info@prattordway.com Leasing Info: leasing@prattordway.com Pratt Homes ~ IX- ~ ~ ~ ~ ~,~ ~ ~ IWi WJ Wi ",,; '", ... " " " " ' ..... -I I m ClJ C SQ Z m Vl Vl 0 C (Jl ;>:J z )> r -, Vi - < N " 0 Cil (1) 0 u .j>. '" I ClJ Cil m Q, Vl OJ r Z-l '< OJ Oz ::s DJ ~;>:J G) 7' z~ a c ~r u (1) - m )> OVl i1 < z);! :Y , c+' '-1 CD fl "] -, s- - 0' ('> - ., DJ 3: ~ 5< m 0 , c Vl m 0 ':2 m r 0 "1J 3: m Z -j iL.J.. {iT :J 0. ~ n '" u S' qq '" :J 0. U '" , ^ S' qq ~ g~Ji 5' ~ ~ "" u o (D :J :J 0. 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[1:=.'":11 s" '".1''' 5' n'g'.'J:" 'j""''ii"' "5' '1.j" 'v' 'iI'I'a:'S'I'~' I I!l ! z , - ~ <( It: C> C> ., o ::> C> ., It: C> ., > 0 z :::!i ., <( It: ...J n. 0 ., > I- ...J .,en 10 I- :::!i<ll It: 01- <( J:J: J: I!l IL- J: ., I- 0J:? - <Il<(~ ~ ~-: z 10- 0 ~:::!i. - ::E3-J l- n. oo~ 0 00. ~~ ~ D ~'U!J -:~ i ~ . ., ';", i ~'t- ~ ,:uj! (f):~ ~. , .~ ;; _:= i "' ~i: ~ + " u I u < ~ ~ ATTACHMENTD Residents at Comforts of Home can enjoy their private suites and retain their independence while also enjoying the peace of mind that comes with 24-hour assistance. Comforts of Home is a proponent of aging in place. As a resident's frailty level increases, we work with family members to provide or coordinate the necessary health care resources. Our philosophy, stafftraining, and the use of community resources are geared to allow residents to remain in our home-like setting for as long as safely possible. Our Monthly Rental Rate Includes \ 'f)o Private, furnished suite "'f)o 5 meal a day program ''f)o Laundry and linen service ''f)o Daily housekeeping 'f)o 24 hour on-site homecare staff 'f)o Registered Nurse on site hours/week and Registered Nurse on call 'f)o Nurse review every other month 'f)o Nurse coordination with Doctors and other health care professionals 'f)o Nurse coordination with laboratory ''f)o Personal urgent call system/pendant 'f)o Social activity program calWrs; 'f)o Meal assistance 'f)o Controlled access community "'f)o Central air conditioning, heat and electric (telephone service is not included) ''f)o Cable television Monthlv Suite Rental Rate Suite Memory Care Suite Deluxe One Bedroom $3,100 $3,500 $3,700 Building Amenities: ' 'f)o Fireside family room 'f)o Main living room for socializing with fireplace and aquarium 'f)o Country kitchen 'f)o Dining room and private dining room 'f)o Outdoor patios and gazebo ''f)o Beauty and barber shop 'f)o Cinema room ? CR49r.$ Eff. 12/1/2005 10669 Ulysses Street NE, Blaine, MN 55449 www.comfortsofbomemn.com €lb- ATTACHMENT E Comforts of Home Memory Care Personal Care Rates and Suite Rental Rates Comforts Care Package $300 + Suite Rental Rate $3,500 = $3,800 24 hour supervision Caregiver respond system Weekly bathing Medication management and administration (I-3meds) On call access to licensed Nurses On call Physicians with monthly visits Weekly health and wellness checks Nursing liaison to Physicians Life emiching & therapeutic activity program Enhanced Living Package $600 + Suite Rental Rate $3,500 = $4,100 Medication management and administration 2 baths per week Standard bathroom daytime assistance (no assistance in o"ansferring needed) Minimal dressing/grooming assistance (no assistance in transferring needed) Cueing (Also includes all services in the Comfolts Care Package) Special Package $900 + Suite Rental Rate $3,500 = $4,400 Standard escort to dining ffild activities Reassurance checks and regular staff intervention Dressing/grooming mn/pm Extensive overnight bathroom assistance Medication management (complex) Blood glucose monitoring (IS times weekly) (Also includes all services in the above packages) Exceptional Package $1,200 + Suite Rental Rate $3,500 = $4,700 Incontinence management Resident requires frequent or complex staff intervention 2 person transfers/mechanical lifts Bathroom assistance am/pm Injections/Coumadin mffilagement Assistance with feeding (Also includes all services in the above packages) Ii>'> A pre-screening interview is done prior to move-in by our Housing Director to determine the appropriate cm-e needs for each individual resident. Effective 5/15/2005 l0669 Ulysses Street NE, Blaine, Minnesota 55449 ATTACHMENT F. Comforts of Home Personal Care Rates and Suite Rental Rates Comforts Care Package $300 + Suite Rental Rate $3100 = $3,400 $300 + Deluxe One Bedroom Rental Rate $3,700 = $4,000 24 hour supervision Caregiver respond system Weekly bat11ing Medication management and administration (1-3meds) On call access to Ii censed Nurses On call Physicians with monthly visits Weekly health and wellness checks Nursing liaison to Physicians Enhanced Living Package $600 + Suite Rental Rate $3,100 = $3,700 $600 + Deluxe One Bedroom Rental Rate $3,700 = $4,300 Medication management and administration 2 baths per week Standard bathroom daytime assistance (no assistance in transferring needed) Minimal dressing/grooming assistance (no assistance in trmlSfening needed) Cueing (Also includes all services in the Comforts care package) Special Package $900 + Suite Rental Rate $3,100 = $4,000 $900 + Deluxe One Bedroom Rental Rate $3,700 = $4,600 Standard escort to dining and activities Reassurance checks ami regular staff intervention Dressing/grooming am/pm Extensive overnight bathroom assistance Medication management (complex) Blood glucose monitoring (15 times weekly) (Also includes all services in the above packages) Exceptional Package $1,200 + Suite Rental Rate $3,100 = $4,300 $1200 + Deluxe One Bedroom Rental Rate $3,700 = $4,900 Incontinence management Resident requires frequent or complex staff intervention 2 person transfers/mechanicallifls Bathroom assistance am/pm Assistance Wit11 feeding Injections/Coumadin management (Also includes all services in the above packages) it>" A pre-screening interview is done prior to move-in by our Housing Director to determine the appropriate care needs for each individual resident. Effective 5/15/2005 10669 Ulysses Street NE, Blaine, Milmesota 55449 t=\-l-LGlc~Vwc,ei\ t (::, Comforts of Home Supplemental Service Fees (Rates effective December 1,20005 to November 30,2006) Skilled Nursing Visit by RN or LPN -15 minute incremcnt. . . . . . . . . . . . . . . . . . . . . . . . . . $18.00 Personal Pendant Call System. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $65.00 Beauty/Barber Shop Services Haircut. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$13.00 Neck Trim. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $3.00 Beard Trim. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . $5.00 Shampoo Sct. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $13.00 Shampoo & Conditioner. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6.00 Penn, Cut, Style & Shampoo Set. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . $45.00 Hot Oil. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $12.00 Color. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $27.00 Waxing Eyebrows. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $8.00 Lip and Chin. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $12.00 Second Occupant Fee Monthly second occupant fee includes meals and usage of urgent call system. . . . . . . . . . . . . .. $400.00 Personal Care Rates will be assessed by RN/LPN depending on level of care needed Engineering Services *Carpet cleaning (based on 30 minutes) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $17.00 *Engineering Special Request (based on 15 minutes) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $8.50 Internal Room Transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $250.00 Suite Key Replacement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $5.00 * Priority placement at other Comfort's of Home commnnities is based on availability. * Comforts of Home accepts the Elderly Waiver and CADI program upon availability. Comforts of Home Mission Statement The mission of Comforts of Home Milmesota is to provide a continuum of care for older adults choosing to live in a residential setting that can meet their health related needs. The services provided will be of the highest quality, at moderate rates, wit ha personal and caring touch. We will never forget that our business is a calling to care for others' loved ones, and we do so with compassion and empathetic hearts. We will strive to provide the Comforts of Home ... our name is our promise. Eff. 12/1/2005 10669 Ulysses Street NE, Blaine, MN 55449 www.comfolisofhomemn.com Gle. f\i::t6ehIY\CKt \-\ 1)///, //1////" (,', i '// I' / i;.' (' '1// I ','{' ,I I <<~, March 15, 2006 To the City of Columbia Heights: Enclosed please find an information packet for a proposed development in the City of Columbia Heights, We would just like to take a moment to express our appreciation to the Columbia Heights City stafffor assisting us in our information gathering efforts and to the City Council for your willingness to consider our proposaL We at CLP Development and Comforts of Home feel that our concept plan can add not only value to the city, but amenities to the surrounding community as welL As you will see, our development is built around a senior community in which various types of senior housing are available, and all levels of care service are provided to a growing and truly underserved group of people not only in our community, but those that surround us, CLP Development and Comforts of Home cun-ently operate assisted living communities in Hugo and Blaine with communities in White Bear Lake, Cottage Grove, Forest Lake, North Branch, Lino Lakes, and Maplewood in development We also own and operate nine communities in Wisconsin with more under development as we speak. We feel that our track record in development, ownership and operation of senior communities support our ability to provide such a community to the city of Columbia Heights, Our development partners are of the highest caliber and we feel very strongly that our development can be very successful and truly an asset to the city and surrounding community, Ownership and operations will be locally owned and managed, which will benefit the local economy, The following proposal includes a concept plan and conceptual elevations of our potential senior community buildings based on our current development in White Bear Lake, We at CLP Development look forward to working with the city to provide the finest senior community and residential retail in the Twin Cities, II "ill/ I/!(/// I' I,; ('I(/")// '/// /"1' / i Comforts of Rome is an Assisted Living and Memory Care/Alzheimer Community designed to assist those with mild to high levels of personal cares in a warm home-like environment. Our suites offer private bathrooms, a separate bedroom area and living room with a tea kitchen that includes a sink, refrigerator and microwave. Our community provides a cozy and secure setting that ensures independence, dignity and safety. Comforts of Rome is focusing on needs not being met by other assisted living and memory care communities. We offer a higher level of care and service to our residents. We can reach out to those in nursing homes that are not in need of 24 hour skilled care. Weare filling a gap in the continuum of care by fulfilling the needs of those caught between traditional assisted living and those individuals requiring more extensive care. Many traditional assisted living communities will not admit residents that need extensive levels of care. Comforts of Rome would like to fulfill this niche that is needed. Residents at Comfolis of Rome can enjoy their private suites and retain their independence while also enjoying the peace of mind that comes with 24-hour assistance. Comforts ofl-Iome is a proponent of aging in place. As a resident's frailty level increases, we work with family members to provide or coordinate the necessary health care resources. Our philosophy, staff training, and use of community resources are geared to allow residents to remain in our home-like setting. At Comforts of Rome, we think you should only pay for the services and care you need. Our rates are competitive and much lower than a nursing home rate. It is important to us at Comforts of Rome to meet the needs of seniors or people under the age of 65 who are on the Elderly Waiver of CADI program. Therefore we work closely with the county on these programs. Our rates are mostly inclusive and they include - personal cares, 24 hour on site home care staff, Registered Nurse and LPN support, caregiver respond system, activities, all meals, housekeeping, linen/laundry, monthly suite rent, all utilities and cable. We also have our own staff of doctors working with us at all ofthe communities. Our buildings are designed with residents' comfort and needs foremost in mind. We offer cozy sitting areas for socializing with friends and family. Each day in our community there are planned activities to meet individual needs: (music, exercise, outings, entertainment, reminiscing and sensory stimulation). Social activities and events are offered throughout the day by our activity coordinator, so it is easy to make new friends. Family is very important at Comforts of Rome, we invite and encourage them to participate in activities and support groups. Our philosophy is to provide quality care to each resident at a competitive price with a personal touch. Our buildings are small and intimate which creates a cozy, comforting feeling. We value the relationships we build with our employees and the communities by creating stable, rewarding and good paying jobs, which in White Bear Lake, we expect to be at least 50 professional employment opportunities. ()llllllilllf' 1,\ I'III'!;/I'IJI/\(' / Come Discover What Makes Us Different Comforts ofI-Iome provides assisted living, memory care and respite care in a professionally managed ruld carefully designed community, Our philosophy is to provide quality cru'e to seniors at a competitive price with a personal touch, Our buildings are small and intimate, with private suites or one bedrooms, caregivers and common areas all on one level, providing a cozy, comforting feeL The assistcd living suites and deluxe one bedroom include private baths and a tea kitchen. Residents and family are encouraged to decorate their new homes with personal belongings or they can choose the option of a furnished suite, Within our assisted living community there is a thoughtfully planned program for those with memory impairments. We offer 13 private suites in our memory care community, Our buildings are designed with residents' comforts and needs foremost in mind. Along with home-like suites one will find many cozy sitting areas for socializing with friends or family. We offer home cooked meals and a resident kitchen that can be used for family parties, Comforts of Home offers planned daily activities and scheduled events so it's easy to make new friends. Of course your new Home is no different thllil before. .. families are always welcome! Call Gigi today to learn more about Comforts of Home 763-754-7300. Eff. 12/1/2005 10669 Ulysses Street NE, Blaine, MN 55449 www.comfortsofhomemn.com @b. .' '. 0) It:: ..... 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(/) u...cucu a....t:"t: cu..... 0 >coo ii2m~ , 0) c .- "'0 - .- ::J (Q ...jo.J c (\) E ...jo.J s.- ea 0- <( PRELIMINARY DEVELOPMENT AGREEMENT (3ill and Stinson Project) THIS AGREEMENT, dated this 28 day of March, 2006, by and between the Columbia Heights Economic Development Authority, a body politic and corporate under the laws of Minnesota (the "Authority") and Pratt Ordway Properties (the "Developer"): WITNESSETH: WHEREAS, the Authority desires to promote redevelopment of certain property within the City of Columbia Heights, which property is legally described in Exhibit A attached hereto (the "Propeliy"); and WHEREAS, the Developer has requested the Authority to explore the use of celiain public assistance, financial and otherwise, to assist with such activities, hereafter referred to as the "Redevelopment"; and WHEREAS, the Authority has determined that it is in the Authority's best interest that the Developer be designated sole developer of the Property during the term of this Agreement; and WHEREAS, the Authority and the Developer are willing and desirous to undertake the Redevelopment if (i) a satisfactory agreement can be reached regarding the Authority's commitment for public assistance necessary for the Redevelopment; (ii) satisfactory mOligage and equity financing, or adequate cash resources for the Redevelopment can be secured by the Developer; and (iii) the economic feasibility and soundness of the Redevelopment; and (iv) satisfactory resolution of zoning, land use, site design, and engineering issues, and other necessary preconditions have been determined to the satisfaction of the parties; and WHEREAS, the Authority is willing to evaluate the Redevelopment and work toward all necessary agreements with the Developer if the Developer agrees to reimburse the Authority for its costs relating to the Redevelopment even if the Redevelopment is abandoned or necessary agreements are not reached under the terms of this Agreement. NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and obligations set forth herein, the parties agree as follows: I. Negotiations between the parties shall proceed in an attempt to formulate a definitive development contract ("Contract") based on the following: (a) the Developer's proposal (when submitted) together with any changes or modifications required by the Authority; 281305vl S18 CL205-34 (b) such documentation regarding economic feasibility of the Project as the Authority may wish to undertake during the term of this Agreement; and (c) other terms and conditions of this Agreement. 2. It is the intention of the parties that this Agreement: (a) documents the present understanding and commitments of the parties; and (b) will lead to negotiation and execution of a mutually satisfactory Contract for the Redevelopment prior to the termination date of this Agreement. The Contract (together with any other agreements entered into between the parties hereto contemporaneously therewith) when executed, will supersede all obligations of the patties hereunder. 3. During the term of this Agreement, the Developer shall: (a) By November 1,2006, submit a proposal to the Authority, which proposal must show the location, size, and nature of the proposed Redevelopment, including sample floor layouts, renderings, elevations, and other graphic or written explanations of the Redevelopment. The proposal shall be accompanied by a preliminary schedule for the starting and completion of all phases of the Redevelopment. (b) Submit an over-all cost estimate for the design and construction of the Redevelopment. (c) Submit a final time schedule for all phases of the Redevelopment. (d) Undertake and obtain such other preliminary economic feasibility studies, income and expense projections, and such other economic information as the Developer may desire to further confirm the economic feasibility and soundness of the Redevelopment. (e) Submit to the Authority the Developer's financing plan showing that the proposed Redevelopment is financially feasible. (f) Furnish satisfactory, financial data to the Authority evidencing the Developer's ability to undertake the Redevelopment. 4. During the term ofthis Agreement, the Authority agrees to: (a) Commence the process necessary to undertake such public assistance as is necessary pursuant to the terms of the proposal. (b) Proceed to seek all necessary information with regat'd to the anticipated public costs associated with the Redevelopment. (c) Estimate the Authority's level and method of financial patticipation, if any, in the Redevelopment and develop a financial plan for the Authority's participation. 281305vl sm CL205-34 5. It is expressly understood that execution and implementation of the Contract shall be subject to: (a) A determination by the Authority in its sole discretion that its undertakings are feasible based on (i) the projected tax increment revenues and any other revenues designated by the Authority; (ii) the purposes and objectives of any tax increment, development, or other plan created or proposed for the purpose of providing financial assistance for the Redevelopment; and (iii) the best interests of the Authority. (b) A determination by the Developer that the redevelopment is feasible and in the best interests of the Developer. 6. This Agreement is effective from the date hereof through November I, 2006. After such date, neither party shall have any obligation hereunder except as expressly set forth to the contrary herein. 7. The Developer shall be solely responsible for all costs incurred by the Developer. In addition, the Developer shall reimburse the Authority for the following costs: (a) Upon execution of this Agreement, the Developer has deposited with the Authority funds in the amount of $5,000, receipt of which the Authority hereby acknowledges. The Authority may apply such deposit to pay any "Authority Costs," which means: reasonable and necessary out-of pocket-costs incurred by the Authority from and after March 28, 2006, in each case based on actual time spent in connection with rendering assistance and advice to the Authority as evidenced by itemized bills and invoices for (i) the Authority's financial advisor in connection with the Authority's financial pmticipation in redevelopment of the Property , (ii) the Authority's legal counsel in connection with negotiation and drafting of this Agreement and any related agreements or documents, and any legal services related to the Authority's or City's pmticipation in redevelopment of the Property; (Iii) any appraiser retained by the Authority in connection with conveyance of any portion of the Property by the Authority to the Developer or in cOlmection with determination of the level of public assistance; and (iv) consultants retained by the Authority for planning, environmental review, and traffic engineering for development of the Propelty. At Developer's request, but no more often than monthly, the Authority will provide Developer with a written report on current and anticipated expenditures for Authority Costs, including invoices or other comparable evidence. (b) If at any time during the term of this Agreement the Authority determines that the amounts deposited by Developer are insufficient to pay Authority Costs, the Authority may notify the Developer in writing as to any additional amount required to be deposited. The Developer must deposit such additional funds within 20 days after receipt of the Authority's notice. (c) Upon termination of this Agreement in accordance with its terms, the Authority will return to the Developer the balance of any funds deposited under this 281305vl SJB CL205-34 section that are on hand as of the date of receipt of the notice of termination, and less any Authority Costs incurred through the date of receipt of the notice of termination. For the purposes of this paragraph, Authority Costs are considered to be incuned if they have been paid, relate to services performed, or are payable under a contract entered into, on or before the date of receipt of the notice of termination. This Section 7 shall survive termination of this Agreement and shall be binding on the Developer regardless of the enforceability of any other provision of this Agreement. 8. This Agreement may be terminated upon 5 days written notice by the Authority to the Developer if: (a) an essential precondition to the execution of a contract cannot be met; or (b) if, in the sole discretion of the Authority, an impasse has been reached in the negotiation or implementation of any material term or condition of this Agreement or the Contract; or (c) The Authority determines that its Administrative Costs will exceed the amount initially deposited for such purpose under Section 7(b), and the Developer does not deliver additional security to the Authority pursuant to Section 7(b) of this Agreement. If the Authority terminates the Agreement under this Section 8, the Developer shall remain liable to the Authority under Section 7(b) of this Agreement for Administrative Costs incurred by the Authority through the effective date of termination. 9. The Developer is designated as sole developer of the Property during the term of this Agreement. The Authority makes no representations or warranties as to control, access or ownership of any portion of the Property, but agrees that during the term of this Agreement the Authority will not enter into agreements with any other party to facilitate redevelopment of the Property. 10. In the event that the Developer, its heirs, successors or assigns, fail to comply with any of the provisions of this Agreement, the Authority may proceed to enforce this Agreement by appropriate legal or equitable proceedings, or other similar proceedings, and the Developer, its heirs, successors or assigns, agree to pay all costs of such enforcement, including reasonable attorneys' fees. 11. jurisdiction, Agreement. If any portion of this Agreement is held invalid by a court of competent such decision shall not affect the validity of any remaining pOltion of the 12. In the event any covenant contained in this Agreement should be breached by one party and subsequently waived by another party, such waiver shall be limited to the patticular breach so waived and shall not be deemed to waive any other concurrent, previous or subsequent 281305vl SiB CL205-34 breach. This Agreement may not be amended nor any of its terms modified except by a writing authorized and executed by all parties hereto. 13. sufficiently personally: Notice or demand or other communication between or among the parties shall be given if sent by mail, postage prepaid, return receipt requested or delivered (a) As to the Authority: Columbia Heights Economic Development Authority 590 40th Avenue NE Columbia Heights, MN 55421 Attn: (b) As to the Developer: 14. This Agreement may be executed simultaneously in any number of counterparts, all of which shall constitute one and the same instrument. 15. This Agreement shall be governed by and construed in accordance with the laws of the state of Milmesota. Any disputes, controversies, or claims arising out of this Agreement shall be heard in the state or federal courts of Minnesota, and all parties to this Agreement waive any objection to the jurisdiction of these courts, whether based on convenience or otherwise. 16. The Developer hereby agrees to protect, defend and hold the Authority and its officers, elected and appointed officials, employees, administrators, commissioners, agents, and representatives harmless from and indemnified against any and all loss, cost, fines, charges, damage and expenses, including, without limitation, reasonable attorneys fees, consultant and expert witness fees, and travel associated therewith, due to claims or demands of any kind whatsoever arising out of (i) the development, marketing, sale or leasing of all or any part of the Property, including, without limitation, any claims for any lien imposed by law for services, labor or materials furnished to or for the benefit of the Property, or (ii) any claim by the state of Minnesota or the Minnesota Pollution Control Agency or any other person pertaining to the violation of any permits, orders, decrees or demands made by said persons or with regard to the presence of any pollutant, contaminant or hazardous waste on the Property; and (iii) or by reason of the execution of this Agreement or the performance of this Agreement. The Developer, and the Developer's successors or assigns, agree to protect, defend and save the Authority, and its officers, agents, and employees, harmless from all such claims, demands, damages, and causes of action and the costs, disbursements, and expenses of defending the same, including but not limited to, attorneys fees, consulting engineering services, and other technical, administrative or professional assistance. This indemnity shall be continuing and shall survive the performance, termination or cancellation of this Agreement. Nothing in this Agreement shall be construed as a limitation of or waiver by the Authority of any immunities, defenses, or other limitations on 281305vl SJB CL205-34 liability to which the Authority is entitled by law, including but not limited to the maximum monetary limits on liability established by Mimlesota Statutes, Chapter 466. 17. The Developer, for itself, its attorneys, agents, employees, former employees, insurers, heirs, administrators, representatives, successors, and assigns, hereby releases and forever discharges the Authority, and its attorneys, agents, representatives, employees, former employees, insurers, heirs, executors and assigns of and from any and all past, present or future claims, demands, obligations, actions or causes of action, at law or in equity, whether arising by statute, common law or otherwise, and for all claims for damages, of whatever kind or nature, and for all claims for attorneys' fees, and costs and expenses, including but not limited to all claims of any kind arising out of the negotiation, execution, or performance of this Agreement between the parties. [REMAINDER OF P AGE INTENTIONALLY LEFT BLANK] 281305vl SJB CL20S-34 IN WITNESS WHEREOF, the Authority has caused this Agreement to be duly executed in its name and behalf and its seal to be duly affixed hereto and the Developer has caused this Agreement to be duly executed as of the day and year first above written. [DEVELOPER] By Its By Its 28130Svl SJB CL20S-34 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY By Its President- Don Murzyn Jr. By Its Executive Director- Walter R. Fehst 281305vl SJ8 CL20S-34 EXHIBIT A Waltons Sunny Acres, 2nd Add, city of Columbia Heights Lots 13 thru 17 Block 2 Waltons Sunny Acres 2nd Addition (subj to ease for watermain to Cit of Columbia Heights on Lot 13 Per Q.C.D, (Subj to ease for parking on part oflots 13 thru 17 Address: 2101 3ih Avenue Northeast Columbia Heights, MN 55421 281305vl SJB CL205-J4 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Meeting of March 28, 2006 AGENDA SECTION: - ORIGINATING EXECUTIVE NO: 7 DEPARTMENT: DIRECTOR Community Development APPROVAL ITEM: Discussion of next steps in the BY: Robert Streetar BY: redevelopment of 39th and Central Avenue DATE: March 20, 2006 BACKGROUND: Staff requests direction from EDA Commissioners regarding the next step in the redevelopment of the 39th and Central Avenue area. The redevelopment of this area has been a redevelopment priority since January 2002. Since that time, the EDA has completed a number of tasks to that end. 1. Completed inspections of all three properties. The inspections show all three properties are blighted, and the area qualifies as a tax increment-financing district. 2. Completed a phase one environmental site assessment, which indicates a high probability of contaminated soils. 3. Started the phase two environmental site assessment. This assessment is expected to be complete in August. 4. Completed real estate and fixture appraisals, as well as relocation estimates. 5. Acquired and demolished the Burger King. 6. Toured six other infill redevelopment sites in other metro area cities 7. Prepared four redevelopment concepts with assistance of DSU and voluntary input from Mr. Loren Bruggemann of Sherman and Associates. Sherman and Associates have successfully completed a variety of residential, commercial, and mixed-used in-fill redevelopment projects in the metro area as well as in other cities in the midwest. Please see the attached concepts. Redevelopment Concepts Concept "A" Concept "B" Concept "C" Concept "0" Housinq Urban Rowhomes 30 30 30 30 Townhomes 11 8 10 14 Urban Townhome Flats 0 0 70 70 Senior Rental (market rate) 70 70 Q 34 Total units 111 108 110 148 Office/Retail (sq. ft) 40,000 54,000 40,000 40,000 1 These redevelopment concepts respond the City's Comprehensive Plan goals of: . Strengthening the image of the community as a desirable place to live and work. . Preserving and enhance the existing viable commercial areas within the City. . Advocating high quality development and redevelopment within the community. . Providing a variety of life-cycle housing opportunities with the community. . Providing a variety of employment opportunities within the community. They concepts also respond to business and resident feedback from meetings, held at the public library in May 2005, of: . Creating a vibrant business area with a good mix of businesses. . Creating a viable retail and small business through increased tax base and employment opportunities. . Maintaining the "old look" in the area by reinforcing the character and continuity along the street front. . Bringing residents to the business district. . Attracting people from outside the community. Next Step At this point, the EDA has done all it can do to move the redevelopment of this area along. Consequently, the next step is to enter into a preliminary development agreement with a developer to prepare a plan that is market and financially feasible as well as acceptable to the EDA. Therefore staff recommends the EDA consider entering into a preliminary development agreement with Sherman and Associates. If Commissioners will recall, Mr. Loren Bruggemann, of Sherman and Associates, voluntarily assisted DSU in preparing the redevelopment concepts for the area. They also have significant and successful experience in both residential and commercial urban infill redevelopment. They have indicated a sincere desire in forming a partnership with the EDA to redevelop this area. Please find attached information regarding Sherman and Associates. If this recommendation meets with EDA Commissioners approval Mr. Bruggemann would be available the next EDA meeting to provide a presentation of the company and as well as answer questions. Attachments EDA ACTION: h:\consent Form2005\ 2 ~ , '" o c .c " ~ !i' '" . w l:~.!!1 g ,g~go :57~l? . o E o .c c ~ ;: 1::1:11:: .2 8 ~ 0"50. ~~~ g~~ UCo CE- .gg 1;;~ .0 "0> Ow ~D " ~ z c o o ~'" g'5:z .cE.Q ~E" o 0 c .cuo Th..cE Qj_a z"j:c.!l C~ ~~ C,!)!? c:g a& ii:m !.1~ .c c , 0 ~~ ~ o.c U "0 '" E o~~ !ii,f;r? El>" ~E8. Uu co= OJ!D Emil. dluE -g.2g a..n~ 0.0. =c .cc ,0 ~" II 3 '" o c i ~ o ~ ~j,2~a B'!j (5 Q .eoW& ::'~';l. L ,,",_j j ~... ; ,iLL lJ ,"-."-. "~,, -~ "'''"",,, ~ O"'~ () <:)'0 ::) Zh(j (j " " <) ~ J11JJ-, ~N anuaN~ lIlOv IOOd' ~ a 8 g og "li:g ~R 81> " 2 ~& ~ 55 .l! - Q ...jgKl82' .2 c '8iI: ~ ai~U5~:s (I).....':. . 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(j) -", ~ro 1VlL i"'- (/) mID Q) EE E :::-0 o co .<:: ...,Coo......c 3:Q)c~ .9E&~ ~o~ C....coc: co C:._ co ca ...c3:':ai-Eo :S~U):::>t- g:g~ ~~! ."" .o<'!8 ~~j :; ~ . > o , E . . , ijj :' 1 i ~ B ! . . \.J u.: en C> D q D ..". Om a; rr: ] 0= o 'l ~Qs~~n\~\1 Resume Sherman Associates, Inc. is an award-winning firm specializing in design, construction and financing of quality housing and commercial properties in Minnesota and the adjoining four state areas. Sherman Associates has developed over 6,000 multi-family and single-family homes and over 600,000 square feet of commercial property valued in excess of $1.2 Billion. These developments include a diversified range of luxurious single-family homes, million-dollar plus townhouses, and a variety of low and moderate-income dwellings including quality tax credit housing units. Sherman Associates experience also includes construction of new retail, office, medical and office warehouse buildings. With over 25 years of development and construction experience, we are able to offer a diverse range of services in the single-family, multi-family and commercial markets. They encompass: . Development Services . Design Build Services . Financial Analysis/Feasibility . Construction . Site Analysis . Equity and Debt Funding . Marketing Programs/Feasibility . Federal, State and Local Housing Programs . Architectural Design . Property Management Services 233 Park Avenue South. Suite 20 I , Minneapolis. MN 55415 Tel: 612-332-3000 Fax: 612 332-8119 . www.sherman-associates,com G:r Jl ~l:\~~n\~~ Development Staff George Sherman President and Principal Developer Susan Fauver General Counsel Paula Beck Associate Counsel Loren Brueggemann Vice President of Development Richard Kiemen Construction Project Manager Rob Kost Commercial Project/Commercial Leasing Manager David Buck Project Manager - Mixed Use Development Brian Gorecki Project Manager Jackie Nickolaus Project Manager Ryan Sailer Project Manager Chris Winter Project Manager Bernadette Hornig Associate Project Manager Marilyn Soltis Paralegal Karen Hassan Construction Assistant Project Manager Teddy Bekele Construction Accounts Payable Wanda Jensen Office Administrator Suzan Myslicki Reception/ Administrative Assistant Larry Kelly Controller Larry Mitchell Di rector - Property Management Debra Godtland Assistant Director - Property Management Staci Ford Realtor and Commercial Property Manager 233 Park Avenue South, Suite 20 I, Minneapolis, MN S5415 Tel: 612-332-3000 Fax: 612-332-8119 . www.sherman-associates.com (!l fi1 ~~s~~n\ql( Bios George Sherman/President and Principal Developer George Sherman has been involved in multi-family and single-family housing for 25 years. He has been the principal involved in the development of over 5,000 multi-family rental units and he has developed over 1,000 for sale housing units for a total development value in excess of $1 billion dollars. Presently, Mr. Sherman is the President and Principal Developer of Sherman Associates, Inc. Mr. Sherman is a graduate of the University of Minnesota where he earned a BS In Biochemistry in 1976 and attained MBA studies in 1977. Susan Fauver/General Counsel As General Counsel for Sherman Associates, Inc., Susan Fauver focuses on real estate development with an emphasis on affordable housing finance, including low -income housing tax credit transactions. Ms. Fauver Is currently a Minnesota State Chair of the American Bar Association's Forum on Affordable Housing and Community Development Law. Ms. Fauver's experience Includes practicing In the United States Senate Office of the Legislative Counsel, where she worked closely with the Senate Finance Comrnittee. Most recently she was a partner at Faegre & Benson LLP in Minneapolis. She received her law degree from Northwestern University School of Law in 1988. Paula Beck! Associate General Counsel Paula Beck joined the legal team at Sherman Associates In August 2004, where she focuses on residential real estate development and affordable housing issues. Her previous experience includes five years as an Assistant Attorney General representing the Minnesota Housing Finance Agency in all aspects of affordable housing finance. Ms. Beck has also studied and written about housing law and policy, including an article in the Harvard Civil Rights-Civil Liberties Law Review entitled "Fighting Section 8 Discrimination: The Fair Housing Act's New Frontier". She received a BA from Swarthmore College in 1990 and her law degree from Harvard Law School in 1995. Loren BrueggemannNice President of Development Loren Brueggemann has 30 years of development and construction management experience. He has worked in multiple states developing multi-family and single family housing. In addition, his background Includes the development of commercial (office, retail and industrial), hospitals and military housing and government work. The total development value of such work is in excess of $400 million dollars. Mr. Brueggemann holds a Bachelor of Science Degree in Architectural Engineering and Building Construction Technology from the Milwaukee School of Engineering and a Masters Degree in Business Administration from the University Of Minnesota Carlson School Of Management. Richard Kiemen/Constructlon Project Manager Rich Kiemen joined Sherman Associates in March 2005. He has over 25 years of experience In general contracting/project management. Mr. Klemen has been Involved with multi-family projects, residential, public and private construction projects throughout the Midwest area. He received a Bachelors degree in Architectural Engineering from Milwaukee School of Engineering. He holds a residential contractor's license in the state of Minnesota. 233 Park Avenue South, Suite 20 I, Minneapolis, MN 55415 Tel: 612-332-3000 Fax: 612-332-8119 . www.sherman-associates.com @I ------ ,;,. ~~s~~nV~1( Rob Kost/Commercial Leasing Manager/Commercial Project Manager Throughout his 20 year career in commercial real estate, Rob Kost has leased and/or sold more than 2.5 million square feet of office, medical & retail space and has been involved in a variety of consulting, property management & corporate real estate services assignments. Rob was most recently with United Properties. He has served on numerous committees and boards-both business and civic related. Rob is currently a board member of the Grand Avenue Business Association & the St. Joseph's Schooi of Music. Rob earned a BA in Business Administration from St. John's University and attended the University of Salzhurg, Austria. In 1993, he and three business partners started the Austrian master franchise corporation in Vienna for Subway Sandwiches. Rob is a licensed broker in MinnesotalWisconsin and is a Certified Commercial Investment Member (CCIM). David Buck/Project Manager - Mixed Use Development and Broker David Buck's background includes all aspects of development. A licensed broker, Mr. Buck was most recently a Vice President/Project Manager for @ Home Apartments before joining Sherman Associates, Inc. He also leased many regional shopping malls for Homart Development for several years. Mr. Buck earned a Bachelor of Arts Degree from St. Olaf College and a MBA from the University Of Chicago Graduate School Of Business. Brian Gorecki/Project Manager Brian Gorecki joined Sherman Associates in August of 2004. He brings 12 years of residential development experience in the area of affordable housing. He previously worked as a community organizer and housing specialist for a Minneapolis community development corporation. Prior to joining Sherman Associates, he was the Director of Real Estate Development for Artspace Projects, national non-profit developer of live/work space for artists. Mr. Gorecki studied at the University of Minnesota with a concentration in history and political science. Jackie Nickolaus/Project Manager Jackie Nickolaus joined Sherman Associates in July of 2005, She brings 10 years of experience in the area of downtown redevelopment, including long-term planning and project implementation. Prior to joining Sherman Associates, she was an economic development coordinator for the City of Des Moines. Ms. Nickolaus earned a Bachelor of Arts Degree from the University of Iowa and a Master of Arts from Humphrey Institute of Public Affairs, University of Minnesota. Ryan Sailer/Project Manager Ryan Sailer joined Shennan Associates in January of 2006. Prior to joining Sherman Associates, he served as the Real Estate Manager for a large national General Contractor/Developer based in the Twin Cities. He brings with him experience in project finance, site acquisition, site development, and project management. Ryan has a Bachelors of Science degree from the University of Minnesota's Carlson School of Management. Chris Winter/Project Manager/Broker Chris Winter has over 12 years experience in real estate development and management. Originally from the Chicago area, his experience has been with mixed-use development and redevelopment opportunities; managing from initial vision through final completion. Chris was the Vice President of Development for an area real estate company prior to joining Sherman Associates. Chris has a Bachelor of Science degree with concentrations in Urban Development from Illinois State University. 233 Park Avenue South, Suite 20 I, Minneapolis, MN 55415 . Tel: 612-332-3000 Fax: 612-332-8119. www,sherman-associates,com @ ----- Jt1 ~I:\~~n\~1( Bernadette Hornig/Associate Project Manager Bernadette Hornig joined Sherman Associates in January 2006. She has 5 years experience in housing finance, development and planning. Prior to joining Sherman Associates, Bernadette worked as a Senior Project Coordinator specializing in multifamily housing projects for the City of Minneapolis' Department of Cornmunity Planning and Economic Development (CPED). Bernadette received a Bachelor of Arts from Weilesley Coilege and a Masters In City Planning from the Massachusetts Institute of Technology (MIT), with a focus on housing development and finance. She was accepted as a member of the American I nstitute of Certified Planners (AICP) in 2005. Marilyn Soltis/Paralegal/Notary Marilyn Soltis joined Shennan Associates in April of 2005. She graduated from the Minnesota Paralegal Institute in November 2001. Since then, Marilyn has been working in the areas of residential real estate. She brings with her three years of experience and knowledge in real estate. Karen Hassan/Construction Assistant Project Manager Karen Hassan has been selling new for-sale homes for Sherman Associates, Inc, since February of 2004. She has over 20 years of experience in commercial, industrial and residential development. Prior to joining Sherman Associates, Inc. she has worked as a consultant concentrating in development, real estate and business systems analysis. Prior to consulting, Ms. Hassan worked as a Real Estate Coordinator for the Minneapolis Community Deveiopment for 18 years. Ms. Hassan has a Bachelors of Arts Degree in Philosophy from Metropolitan State University. Teddy Bekele/Construction Accounts Payable Teddy Bekele has been with Sherman Associates, Inc. since November, 2003. Mr. Bekeie has over 10 years of accounting and financial analysis experience. Mr. Bekele manages all of the accounting functions for Craftsman Construction. Mr. Bekele earned his Associates Degree in Accounting in 1986 from the College of Commerce in Addis Ababa, Ethiopia. Wanda Jensen/Executive Assistant / Office Administrator / HR Coordinator Wanda Jensen has been with Sherman Associates, Inc., since 1989, She Is Mr. Sherman's Executive Assistant and is also the Coordinator of Human Resources and Office Management. Ms. Jensen earned an Associate Degree from Wisconsin Indian head Technical Institute - Rice Lake, Wisconsin, in 1984, and is a notary public. Suzan Myslicki/ReceplionistlAdministrative Assistant/Notary Suzan Myslicki joined Sherman Associates in May 2004. She brings with her over 20 years of Reception experience. Suzan works closeiy with our Legal staff and Project Managers to organize documents and keep things in order. Suzan also works closely with our office Administrator. Larry Kelly/Controller Larry Kelly has over 20 years experience in real estate deveiopment and property management. Prior to joining Sherman Associates, Inc., he was the Controlier for John. B. Goodman Limited Partnership a developer of senior housing projects, Mr. Kelly earned a doubie major in Accounting and Economics from the University of Toronto, and is a member of the Canadian Institute of Certified General Accountants. 233 Park Avenue South. Suite 20 I, Minneapolis, MN 55415 Tel: 612-332-3000 Fax: 612-3328119' www.sherman-associates.com 1:E:r ~ Jl ~1~\El~~1\~~ Larry Mitchell/Director, Property Management Larry Mitchell has 26 years in all aspects of property management experience both commercial and residential. He has received numerous awards, including recognition from the U,S, Department of Housing and Urban Development, and has been recognized as a leader of quality affordable housing in the Twin Cities metro area, Mr. Mitchell holds a Minnesota Real Estate Agent Sales License and a Minnesota State Teaching License. He is a former Sl. Louis Park city council member and a graduate of the University of Florida, Debra Godlland/Assistant Director, Property Management Debra Godtland has over 21 years of property management experience. Some of her former positions include Senior Property Manager for ten Section 8 apartment communities and Regional Operations Manager for fifteen Section 32 apartment communities. Additionally, Ms, Godtland has held the designation of Registered Apartment Manager Dean through the National Association of Home Builders. Slact Ford/Realtor, Commercial Property Manager Staci Ford, a property management professional, worked as the Senior Lease Administrator for Video Update prior to joining Sherman Associates, Inc. Ms. Ford was also a Residential Real Estate Agent for three years and worked in commercial insurance, specializing in marketing non-profit directors and officer's liability, fiduciary liability, workers compensation, retrospective workers compensation plans and excess liability. Jl~1;s~~IT\~~ For Sale Projects 311 SUPERIOR 311 East Superior Street Duluth, Minnesota 33 For Sale Condos Project Value: $ 16 Million Role: Developer Commencing: December 2005 HOMES OF EMERSON HILL 993 Robert Street West St. Paul, Minnesota 35 For Sale Condominiums Project Value: $7.5 Million Role: Developer Commencing January 2006 THE BRIDGES OF BLAINE 109th Avenue ft Radisson Road Blaine, Minnesota 68 For Sale Townhomes Project Value: $18 Million Financing: US Bank Role: Developer Commencement Date: October 2004 GROVELAND TERRACE CONDOMINUMS 48, 50, 52 Groveland Avenue Minneapolis, Minnesota 132 For Sale Condominiums Project Value: $38 Million Financing: TCF Bank Role: Developer Commencement Date: October 2004 THE CHICAGO 29th Street and Chicago Avenue Minneapolis, Minnesota 89 For Sale Condominiums Project Value: $30 Million Financing: US Bank Role: Developer Completed: 2006 PRINTER'S ROW 9th Street and Temperance St. Paul, Minnesota 84 For Sale Condominiums Project Value: $30 Million Financing: US Bank Role: Developer Commencement Date: June 2004 MIDTOWN LOFTS 29th Street and Bryant Avenue Minneapolis, Minnesota 72 For Sale Condominiums Project Value: $24 Million Financing: TCF Bank Role: Developer Completed: 2005 THE VILLAS OF LITTLE CANADA Rice Street and County Road C Little Canada, Minnesota 45 For Sale Townhomes Project Value: $14 Million Financing: TCF Bank Role: Developer and General Contractor Commencement date: September 2003 KEENE CREEK TOWN HOMES Hermantown, Minnesota New Construction - multi-phased 44 For Sale Townhomes Project Value: $9 Million Financing: US Bank, Fannie Mae Role: Developer and General Contractor Completed: 2005 WATER STREET BROWNSTONES Water Street Des Moines, Iowa 37 For Sale Condominiums Sale Prices: $150,000 to $325,000 Project Value: $9.6 Million Financing: US Bank, City of Des Moines, Fannie Mae Role: Developer Completed: September 2004 233 Park Avenue South, Suite 201, Minneapolis, MN 55415 Tel: 612-332-3000 Fax: 612-332-8119 . wvvw.sherman-associates.com @ ---- fl~t\~~nV1J? F SIP · t ( t' ) or a e rOJec s con. BOTTINEAU COMMONS TOWNHOMES 18th ft University Avenue NE Minneapolis, Minnesota 13 For Sale Townhomes Project Value: $3,6 Million Financing: Internal Role: Developer and General Contractor Completed: December 2003 CAPITAL HEIGHTS CITY HOMES Capital Heights Lot V St. Paul, Minnesota 25 For Sale Townhomes 3 Habitat for Humanity Townhomes 22 Market Rate units at $180,000 each Project Value: $5.5 Million Financing: City of St. Paul HRA, US Bank Role: Developer and General Contractor Completed: November 2003 9th STR.EET LOFTS 800 Sibley Street St, Paul, Minnesota Rehab of old warehouse 49 For Sale Condominiums Project Value: $15 Million Financing: US Bank Role: Developer Completed: January 2005 THE ESSEX 800 Sibley Street St. Paul, Minnesota 38 For Sale Condominiums New Construction. Urban Village. Mixed Use Sale Prices: $120,000 to $340,000 Project Value: $9.7 Million Financing: US Bank, City of St, Paul Tax Increment, MHFA, Met Council Role: Developer Completed: March, 2002 THE DAKOTA CONDOMINIUMS 209 Eighth Street St. Paul, Minnesota 32 For Sale Condominiums Sale Prices: $150,000 to $325,000 Project Value: $9,5 Million Financing: US Bank, City of St. Paul, Tax Increment Role: Developer Completed: December 2003 LANDINGS AT SAWMILL RUN 400 West River Road, Minneapolis, Minnesota 58 Executive Townhomes New Construction Sale Prices $400,000 to 3,000,000 On riverfront utilizing abandoned railroad yard Project Value: $36 Million Financing: National City Bank/Richfield Bank ft Trust Company Role: Developer and General Contractor Commencement Date: 1995 Completion Date: September 2003 THE SHORES Lexington ft County Road D Shoreview, Minnesota 15 For Sale Townhomes Sales Prices: $180,000' $200,000 Project Value: $3.2 Million Financing: Internal Role: Developer and General Contractor Completed: June 2003 CITY HOMES ON PARK AVENUE 2400 Park Avenue South Minneapolis, Minnesota 29 For Sale Townhomes and Condominiums New Construction Et Rehabilitation of large mansions Sale Prices $112,500 to $180,000 Project Value: $6 Million Financing: MCDA, MHFA, Richfield Bank ft Trust Role: Developer and General Contractor Completed: 1999 . 2000 233 Park Avenue South, Suite 20 I, Minneapolis, MN SS415 Tel: 612.332-]000 Fax: 612-332-8119 . www.sherman.associates.com l5l -- ~ ~\\~~n\CH1 For Sale Projects (cont.) 3100 FOURTH AVENUE 3100 Fourth Avenue South Minneapolis, Minnesota 9 Single Family Homes New Construction Built in cooperation with the Central Neighborhood Improvement Association Project Value: $1.5 Million Financing: MHFA Role: Developer and General Contractor Completed: 1992 PARKWAY TERRACE Maplewood and North St. Paul, Minnesota Single Family Home Development 90 Single Family Homes Sales Prices: $100,000 to $200,000 Project Value: $14 Million Financing: Norwest Bank - Retired Role: Developer and General Contractor Completed: 1990 KENWOOD ISLES CONDOMINIUM AND CITIHOMES 28TH 8: Hennepin Avenue South Minneapolis, Minnesota New Construction Built on the old West High School Site 140 Unit Senior Condominium Hi-rise 40 Executive Townhomes Project Value: $20 Million Financing: First National Bank Completed: 1988 BOARDWALK 8: PARK PLACE TOWNHOMES Plymouth 8: Lyndale Avenue Minneapolis, Minnesota 63 For Sale Townhome Units New Construction Project Value: $4.2 Million Financing: First National Bank - retired Role: Developer and General Contractor Completed: 1982 3100 CLINTON 3100 Clinton Avenue South Minneapolis, Minnesota 8 Single Family Homes - New Construction Built in cooperation with the Central Neighborhood Improvement Association Project Value: $1.5 Million Financing: MHFA 8: Tax Credit Role: Developer, General Contractor Completed: 1990 HIGHLAND TERRACE 2500 - 2600 Emerson 8: Fremont Avenue North Minneapolis, Minnesota 22 Single Family Homes New Construction Built in cooperation with the Fairview Neighborhood Development Corporation Project Value: $2.5 Million Financing: Internal Role: Developer and General Contractor Completed: 1990 LAKES CITIHOMES 3600 West Lake Street Minneapolis, Minnesota 83 For Sale Townhome Unit New Construction Utilizing Abandoned Railroad Yard Project Value: $8 Million Financing: First National Bank - Retired Role: Developer and General Contractor Completed: 1985 233 Park Avenue South, Suite 20 I , Minneapolis, MN S541 S Tel: 612-332-3000 Fax: 612-332-8119 . www.sherman-associates.com Gl --- f;l ~~s~~~1\~\1 Rental Projects THE GREYSOLON 231 East Superior Street Duluth, Minnesota 150 Rental Units Financing: Low Income Housing and Historic Tax Credits, MHFA Role: Developer Commencing: February 20D6 MIDTOWN EXCHANGE 29'H Street and Chicago Avenue Minneapolis, Minnesota 219 Rental Units Project Value: $48 Million Financing: 4% Tax Credits, Historic Credits US Bank bond mortgage, MHFA, City of Minneapolis, Hennepin County Grants, Tax Increment Role: Developer Completed: December 2005 BLAINE TOWN SQUARE SENIOR APARTMENTS 109'h and Radisson Road Blaine, Minnesota 87 Senior Rentals Project Value: $10 Million Financing: HUD insured first mortgage, Tax increment financing, H.O.M.E. Funds Role: Developer Completed: October 2005 FALCON HEIGHTS SENIOR APARTMENTS Snelling Ave. and Larpenteur Ave. Falcon Heights, Minnesota 55 Senior Rental Units Project Value: $6 Million Financing: HUD, Ramsey County, Tax Increment Role: Developer, Manager Completed September 2004 PHALEN SENIOR LOFTS 635 Phalen Boulevard St. Paul, Minnesota 73 Senior Rentals Project Value: $10 Million Financing Bonds, 4% Tax Credit, TIF Role: Developer Completed: February 2006 L VONS COURT 850 Sibley Street St. Paul, Minnesota 60 Senior Rental Units Project Value: $7.8 Million Financing: 4% Tax Credits, HUD insured, tax exempt Bonds, tax increment, H.O.M.E. Funds Role: Developer Completed: March 2005 VINE STREET LOFTS Vine Street Des Moines, Iowa 110 Rental Units Project Value: $14.7 Million Financing: HUD, Fannie Mae, City of Des Moines, Polk County Housing Trust Fund, Neighborhood Finance Corp., Tax Credit, Tax Abatement Role: Developer Completed: September 2004 EAST PHILLIPS COMMONS Bloomington Ave. Minneapolis, Minnesota 30 Rental Units 4 live-in Units Project Value: $6 Million Financing: HUD, MHFA, Washington County Bank, Tax Credits, Tax Increment, City of Minneapolis, Hennepin County, Role: Developer, Manager Completed: May 2004 ~ ~~s~~~1\21l( Rental Projects (cont.) MERRITT SCHOOL Duluth, Minnesota Conversion of school 20 Rental Units Project Value: $1.2 Million Financing: Bonds, M8:1 Bank Role: Developer Completed: May 2004 BOTTINEAU COMMONS APARTMENTS 18th 8: University Avenue NE Minneapolis, Minnesota 119 Unit Apartment Building Project Value: $18 Million Financing: HUD, MHFA, Tax Increment, Tax Credits Role: Developer, Manager Completed: March 2003 THE STRAUS APARTMENTS 300 Sibley Street St. Paul, Minnesota 48 Historic Rehab Project Value: $11 Million Financing: Historic credits, tax credits, tax exempt bonds, MHFA, HUD, tax increment Role: Developer, Manager Completion: December 2003 THE SHORES Lexington Avenue 8: County Road D Shoreview, Minnesota 68 Senior Rental Units Project Value: $10 Million Financing: HUD, Ramsey County, Tax Increment, Tax Credit, City of Shoreview Role: Developer, Manager Completed: October 2002 THE LODGE AT LITTLE CANADA Rice Street and Little Canada Road Little Canada, Minnesota Phase 1 78 Senior Rental Units 14,000 sq ft Retail Project Value: $1.5 Million Financing: HUD, City of Little Canada, Ramsey County, Tax Increment Role: Developer, Manager Completed: November 2003 GRANDE MARKET PLACE Burnsville Parkway 8: Nicollet Avenue Burnsville, Minnesota 113 Rental Units 15,000 Retail Space Project Value: $20 Million Financing: HUD, MHFA, City of Burnsville, Family Housing Fund, Dakota County, Tax Increment, Tax Credits Role: Developer, Manager Completed: December 2003 BOTTINEAU LOFTS University Avenue NE Minneapolis, Minnesota 30 Historical Rehab 4 New Rental Townhomes Project Value: $6 Million Financing - Historic Credits, Tax Credits, MHFA, HUD, tax increment Role: Developer, General Partner Completed: March 2003 GUARDIAN ANGELS OF HASTINGS Hastings, MN 20 Rental Apartments 10 Rental Townhomes 5,000 sq. ft. of day care Dakota County Women's Shelter Community Center Project Value: $4.5 Million Financing: MHFA, Metropolitan Council, City of Hastings HRA, Tax Increment, Tax Credits Role: Developer, Manager Completed: July 2002 233 Park Avenue South, Suite 20 I. Minneapolis. MN S541 S Tel: 612-332-3000 Fax: 612-332-8119 . www,sherman-associates.com t:El ----- fl~~s~~~1\~P Rental Projects (cont.) SIBLEY COURT APARTMENTS - PHASE II Sibley Park - St. Paul, Minnesota 122 Rental Units Project Value: $15 Million Financing: HUD, MHFA, City of St. Paul HRA, Tax lncrement, Tax Credit Role: Developer, Manager Completed: March 2003 WEST GATE TOWNHOMES 6619 Westgate Boulevard, Duluth, Minnesota 28 Tax credit Rental Townhomes New Construction Project Value: $3 Million Financing: Tax Credit, Richfield Bank Role: Developer, General Partner Completed: 2001 SIBLEY PARK APARTMENTS Seventh Street and Wacouta Street St. Paul, Minnesota 114 Units ft 10,000 sq ft - Retail New construction, Urban Village Mixed-Use Project Value: $17 Million Financing: HUD, MHFA, Tax Credit, Tax Increment Role: Developer, General Partner Completed: 2001 COMMUNITY PLAZA 700 Central Avenue St. Paul, Minnesota 40 Units Acquisition - Rehabilitation Project Value: $3 Million Financing: HUD, MHFA, Tax Credits Role: Developer, General Partner, Contractor Acqui red: 1999 STRADFORD FLATS 16-22 East Fifteenth Street Minneapolis, Minnesota 62 Units - Efficiency and One Bedrooms Acquisition - Rehabilitation Project Value: $1.6 Million Moderate Rehab Financing: MHFA, Tax Credits Role: Developer, General Partner, General Contractor, Management Completed: 1994 Le SUEUR MEADOWS APARTMENTS Turrel Street, Le Sueur, Minnesota 40 Rental Apartments Five - 8 unit buildings Project Value: $2.7 Million Financing: MHFA, Tax Credit, Tax Increment Role: Developer, General Partner Completed: September, 2002 FARMINGTON TOWNHOMES 900 Larch Street, Farmington, Minnesota New Construction 16 Units Tax Credit Townhomes Project Value: $2 Million Financing: Tax Credits, US Bank Role: Developer, General Partner Completed: 2001 HIGHLAND CHATEAU Duluth, Minnesota 60 Units Acquisition - Rehabilitation Project Value: $2.5 Million Financing: Glaser Financial Role: Owner, Contractor Completed: 1999 SUNRISE TOWN HOMES 2815 to 2871 - 59'" Avenue NW Rochester, Minnesota 24 Tax Credit Rental Townhomes New Construction Project Value: $2.5 Million Financing: MHFA, Tax Credits Role: Developer, General Partner Completed: 1998 CROMWELL COMMONS 10 East Fifteenth Street Minneapolis, Minnesota 18 Units - Efficiency and One Bedrooms Acquisition - Rehabilitation Project Value: $1 Million Substantial Rehab Financing: MHFA, Tax Credits Role: Developer, General Partner, General Contractor, Manager Completed: 1996 233 Park Avenue South, Suite 20 I, Minneapolis. MN 55415 Tel: 612-332-3000 Fax: 612-332-8119 . www.sherman-associates,com @ ~ fi!. ~~s~~n\21~ Rental Projects (cont.) 2200 BLAISDELL AVENUE APARTMENTS 2200 - 2300 Blaisdell Avenue South Minneapolis, Minnesota 150 Unit Apartment Buildings Acquisition Project Value: $2.8 Million Financing: National City Bank Role: Manager Acquired: 1995 RIVER RUN APARTMENTS 1434 Marshall Street NE Minneapolis, MN 74 Rental Units Project Value $12 Million Financing: 4% Tax Credits, Bonds, TIF Role: Developer Commencement: December 2004 Completed: December 2005 3100 FOURTH AVENUE 3100 Fourth Avenue South Minneapolis, Minnesota 10 Rehab Rental Units - Section 8 Built in cooperation with the Central Neighborhood Improvement Association Project Value: $1.5 Million Financing: MHFA Role: Developer, General Partner, Contractor, Manager Completed: 1992 RIVERSIDE PLAZA 1525 South Fourth Street Minneapolis, Minnesota Rehab of Minnesota's largest apartment complex Acquisition' Rehabilitation 1,303 Rental Units Project Value: $50 Million Financing: FHA First Mortgage, Housing Revenue Bonds, Housing Tax Credits. Section 8 Role: Developer, General Partner, Management Completed: 1989 BUFFALO RIDGE TOWNHOMES Anderson Avenue Buffalo, Minnesota 20 Tax Credit Rental Townhome Units New Construction Project Value: $1.5 Million Financing: MHFA, Tax Credits Role: Developer, General Partner, Contractor Completed: 1995 3100 CLINTON AVENUE Minneapolis, Minnesota 12 Rehab Rental Units Built in cooperation with the Central Neighborhood Improvement Association Project Value: $1.5 Million Financing: MHFA, Housing Tax Credits Role: Developer, General Contractor, Completed: 1990 BROWNS MEADOW 121 Hanson Boulevard Coon Rapids, Minnesota 148 Unit Apartment Building New Construction Project Value: $8 Million Financing: FHA Mortgage, Tax Exempt Bonds Role: Developer, General Partner, Manager Completed: 1992 GATEWAY TERRACE MOBILE HOME PARK Grand Forks, North Dakota 229 Unit Mobile Home Park New Construction Project Value: $5 Million Financing: Construction-First National Bank Financing: Permanent-Pacific Mutual Role: Developer, Contractor, Manager Completed: 1992 - 1994 233 Park Avenue South, Suite 20 I, Minneapolis, MN 55415 Tel: 612-332-3000 Fax: 612-332-8119. \^IWVv',sherman-associates.com @ -- fl ~)N~~~\\~~ Rental Projects (cont.) COOPERATIVE HOUSING Low and Moderate Income Level Franklin Commons Cooperative 2109 Blaisdell Avenue Minneapolis, Minnesota Acquisition - Rehabilitation 16 Rental Units Section 8 Certificates Project Value: $1 Million Financing: Security Life Role: Developer, Manager Completed: 1983 CASTLE ROWHOUSES 2600 Third Street North Minneapolis, Minnesota Building is on National Historic Register Substantial rehabilitation of 11 Rental Units Project Value: $1 Million Financing: MHFA, Tax Credits, Section 8 Role: Developer, General Partner, Contractor, Manager Completed: 1989 Lowry Hill East Cooperative 24th and Lyndale Avenue Minneapolis, Minnesota New Construction 10 Rental Units Project Value: $1 Million Financing: Security Life Role: Developer, Manager Completed: 1984 Bell Building Cooperative Acquisition. Rehabilitation Rehabbed old Bell Telephone Building 35 Rental Units Project Value: $3 Million Financing: Security Life Role: Developer, Owner, Management Completed: 1984 - 1986 233 Park Avenue South, Suite 20 I, Minneapolis, MN 55415 Tel: 612-332-3000 Fax: 612-332-8119 . www.sherman-associates.com @ ------ ~ ~t\~~~1\~l( Commercial Projects BLAIHE TOWN SQUARE 109th Avenue and Radisson Road Blaine, Minnesota 50,000 sq It Retail Project Value: $7 Million Financing: TCF Bank Role: Developer, Owner Completed: September 2DD5 SHERATON DULUTH HOTEL 301 East Superior Street Duluth, Minnesota Sheraton Hotel 147 Rooms Project Value: $23 Million Financing: New Market Tax Credits, TIF US Bank Role: Developer Commencing: December 2005 ROBERT STREET RETAIL Robert Street and Wentworth St. Paul, Minnesota 4,400 sq It of Retail Project Value: $1 Million Financing: Washington County Bank Completed: September 2005 GARFIELD BUSINESS PARK Garfield Avenue and Interstate 35 Duluth, Minnesota 50,000 sq ft of Office Warehouse Project Value: $3 Million Financing: US Bank Role: Developer, Owner Completed: June 2005 GRANDE MARKET SQUARE Nicollet Ave. and Burnsville Parkway Burnsvitle, Minnesota 30,000 sq feet - Office Space Project Value: $4.5 Million Role: Developer, Owner Competed: July 2004 VILLAGE OF LITTLE CANADA Rice Street and County Road C Little Canada, Minnesota 20,000 sq ft - Retail/Office Project Value: $3 Million Financing: US Bank Role: Developer, Owner Commencement Date: October 2004 OLD SPAGHETTI FACTORY 233 Park Avenue Minneapolis, Minnesota 60,000 sq It - Restaurant/Office Space Acquisition - Rehabilitation Project Value: $4 Million Financing: National City Bank Role: Developer, Owner J Manager Completed: 2001 DEEPHAVEN COURT 18279-18285 Minnetonka Boulevard Deephaven, Minnesota 18,200 sq feet - Retail/ Office Space Acquisition . Project Value: $2 Million Financing: Mal Bank Role: Owner Acquired: 2003 CANAL PARK SQUARE 400 Lake Avenue Duluth, Minnesota 60,000 sq feet - Retail Facility Acquisition - Rehabilitation Project Value: $4 Million Financing: National City Bank Role: Developer, Owner, Manager Completed: 1998 DEEPHA VEN SQUARE 18318-18334 Minnetonka Blvd. Deephaven, Minnesota 24,900 sq It commercial space Acquisition Project Value: $1.25 Million Financing: Mal Bank Role: Owner Acquired: 1999 HAWTHORN CROSSINGS 1000 West Broadway, Minneapolis, Minnesota 50,000 square feet - Retail Shopping Center New Construction Built in cooperation with Fairview Neighborhood Development Corporation Project Value: $4 Million Financing: National City Bank Role: Developer, General Partner, Manager Completed: 1992 - 1997 CAMDEN CENTER 4200 Lyndale Avenue North Minneapolis, Minnesota 15,000 square feet - Retail Facility New Construction Project Value: $1.6 Million Financing: National City Bank Role: Developer, Owner, Manager Completed: 1997 233 Park Avenue South, 5uite 20 I , Minneapolis, MN 55415 Tel: 612-332-3000 Fax: 612-332-8119' www.sherman-associates.com t5:l ---.-. fiI ~~s~~n\cp( References CYNTHIA LEE City of Minneapolis Community Planning and Economic Development 105 Fifth Avenue South #200 Minneapolis, Minnesota 55401 (612) 673-5095 ALLEN CARLSON City of St. Paul Planning and Economic Development 25 West Fourth Street St. Paul, Minnesota 55102 (651) 266-6565 RICHARD CLARK Deputy City Manager City of Des Moines 400 East 1" Street Des Moines, IA 50309-1891 ROBERT ODMAN Minnesota Housing Financing Agency 400 Sibley Street #300 St. Paul, Minnesota 55101 (651) 296-9821 HOWARD GOLDMAN U.S. Department of Housing 8: Urban Development 920 Second Avenue, Suite 1300 Minneapolis, MN 55402 (612) 370-3051 x4262 HEATHER WORTHINGTON City of Falcon Heights City Administrator 2077 W. Larpenteur Falcon Heights, MN 55113 (651) 644-5050 KEN DAYTON MMA Financial 2177 Youngman Avenue St. Paul, MN 55116 (651) 603.5056 KYLE HENSON US Bank 601 Second Avenue South Minneapolis, Minnesota 55402 (612) 303.3685 MARK JOHNSON M 8: I Bank 651 Nicollet Mall Minneapolis, Minnesota 55402 (612) 798-3883 JIM WEICHERT Deloitte 8: Touche, LLP 4300 Norwest Tower Minneapolis, Minnesota 55402 (612) 397-4010 ANGELA CHRISTY Faegre 8: Benson, LLP 2200 Wells Fargo Center 90 South Seventh Street Minneapolis, Minnesota 55402 (612) 336-3261 KATY LINDBLAD Fannie Mae 386 North Wabasha Street St. Paul, MN 55102 (651) 298-1025 The Essex The Landing \~,~~~:~t<.>: ">~:~Y<" .:":,oFf,.,,...-. ~,,---, '.' , : ~vf.;.:t~.,-;, -'^': '-. Sherman Associates specializes In the design, construction and financing of quality housing and commercial properties in Minnesota, and the adjoining four state area. Sherman Associates has developed and/or rehabilitated over 4,000 multifamily and single-family homes and over 2 Inillion square feet of commercial property. These developments include a diversified range of housing types, including luxurious single-family homes, mnlti-family townhouses, and a variety oflow and moderate inCOlne tax credit apartment properties. The company's experience also includes construction of new retail commercial buildings and office warehouse facilities. With over twenty-three years of development and construction experience, Sherman Associates is able to offer a diverse range of services in the single falnily, multi-family and commercial markets, They encompass: Development Equity and Debt Funding Design Build Services Marketing Programs/Feasibility Financial Analysis/Feasibility Federal, State Housil1g Programs Construction Architectur~~ Design Site Analysis Property M:~lllagement Services i I~I ~I I E' , '1\"1 \1' /", 'If:, _ _ _ \..-Jr, . ,"-\ _'. , , LitNe, Canada is a mixed,use redevelopment lo2~~e:d ..~tRice Street and Little Canada R6~d. ..\"....."........ , ThW'j,eW miXed.use community is part of the cjtlyT~iiii1 tocreqte a new gateway to the city of ,"', .-.....,.... Ut*':Cilnada. The Phase I master plan calls for 790 .wIlts of-independent living apartments, over l~,Qb.o sf ,of commercial and 50 owner.occupied tow'cham'os. Phase II calls for additional street froiit cpmmercial and residential uses. Key design priiiSlpjes includeniix of uses, strong streetsq~pe anel public' realm design,below grade parking and transit orientation. Construction is underWay Witn completion scheduled for late 2003. -< g ~ Sherman Asso<;;iates EIS IG ----------. elness swenson graham architects ~ - ---- ,,,,,,w>,,,,-y"_. I~ " !". , EISIG Sherman As.sosi3ltes elness swenson graham architects _J 1_. = L_ "''''''''~~ ~FIC~-- ,I ,- . Shen:nan JE I s I G Assoclates . ~""-_ elnes$ swenson graham archdects BURI\jSVILLE HEART OF THE CITY Grande Market Place is the first phase for Burnsville's 32.acre "Heart of the City." The overall "Heart of the City" project will boast wide sidewalks, brick crosswalks, a iree.lined garden median, historic streetlights and hanging baskets as backdrop for a compact, diverse, and vibrant town center with condominiums, townhouses, and more than 400,000 sf of retail and commercial space. Phase I, Grande Market Place, consists of 113 rental apartments over 12,000 sf of retail and commercial space. The residential includes 40% of dwellings with levels of affordability at street level. An additional 24,000 sf of office and commercial space is provided within an icon building at Burnsville Parkway and Nicolle\. These two buildings have differing facades facing the street with shared parking in the rear. Streets gently slope north offering a great view of downtown. 9TH STfIEET LOFTS The 9th Street Lofts conversion will create 48 state- of-the-art open plan condominium flats and two story dweilings within the sheil- of a pre-existing industrial warehouse_ Like the Lowry Buiiding Renovation, this warehouse structure- features heavy concrete construction and large industrial window openings. ESG is working with Lander Sherman to create an innovative new interpretation of "loft living" which wiil provide open yet livable interior environments within the stout industrial sheil. ESG is developing a flexible "kit of parts" for the loft dwelling interiors including fixed core areas and a series of moveable interior components to ailow for a variety of living styles. The 9th Street Lofts is part of the Northeast Quadrant renaissance from a worn industrial sector into a vibrant St. Paul urban neighborhood. The project sales are under way and construction start-up is scheduled for early Spring 2003. -LANDER ii SHERMA.N1 Uf<,BAN DEvELoPMeNT\ JE IS IG elness swenson graham architects .' ;"!',-; -);' - ,~'. ~?~RD ~ ,S~~~~ EIS IG elness SlVenson graham architects ~~;;'.:;;~.._ .~~J'~c;.'~, ;.,:.:..~~, ' , ) ..~~I' -t'''", I II. ii. I' I ,'w'" (i ,-~! 1:-0J:.; QO . \f;~~; _' .c, ' r 1 'l' ~ ,'p.-,,~-q; :I ~ ~~~~,;;"<li?itf~ L-}," I f '~~_,~~~. LANDER iii SH1IERMAlNI! U R B A 1'1 DE VEL 0 f> M E 1>.1 Tl I~orthwr.slern Build;ng Proposcd Markel Loltl Raycite [Jllldn.~ (3'iOSt,lIIGMilge) EXI',tll1g F,1I<1Il:1\ M.llhl JEIS IG elness swenson graham architects ] @ I p~.t..o:r UWU/lVIM '/16rJ ;r W'lt. ('2-.,.): 11t1r,.,/,I"'~ f'le.f' rWi1(1!l,80e. 6JFJ:, ) #t4'l'lU' (II,I,!I;) (N1f':::::;S ;V!,u...Rr<. ET "-UFTS The Market Lofts is a unique integration of urban loft condominiums situated over an indoor Farmers Market, The indoor Farmers Market is an extension of the exterior Framers Market located in the historic Lower Town District of Saint Paul, Minnesota, This new infill project will create a fascinating new interpretation of vertical mixed,use which will build on the pedestrian and market activity at Street Level, The project will feature 42 loft style dwellings with open plans and large window openings, Unit sizes range from approximately 1,000 SF to 1,450 SF to maintain a level of affordability, TO: EDA FROM: Kirsten Parten heimer, Community Development Specialist DATE: March 22, 2006 SUBJECT: March Update of Community Development Activity The following is an update of Community Development activity through late March of 2006. If you have any comments or questions you may contact me at 763-706-3674. 49TH AND CENTRAL After three years of negotiations, Borders Foods, owner of Taco Bell, bought the neighboring property, the site of Dave's Car Wash. According to the company, it plans to build a new, more upscale Taco Bell on this site and has signed a letter of intent with Starbucks to build a coffee shop on the site of the old Taco Bell. The company still hopes to start construction on the Taco Bell this spring, with construction of the Starbucks to follow shortly thereafter. In addition, Anderson Builders was unable to put together a redevelopment agreement project for this block, due in large part to the closing of the Udupi Cafe for six weeks because of immigration violations. As of February 1, 2006, their preliminary development agreement with the EDA has expired. The Udupi has since reopened for business. HERITAGE HEIGHTS The Citizens Advisory Committee (CAC) convened its second meeting on March 8, 2006. This meeting was even better attended than the first with 19 Heritage Heights residents, including two new residents of the Grand Central Lofts. Meeting attendees heard a detailed market analysis presentation, which included a summary of current City and neighborhood conditions. They also reviewed a summary of their input compiled at the first meeting on what they thought were the issues, opportunities, concerns and vision for the neighborhood. DSU staff had used this input to develop 13 preliminary goals and strategies for the redevelopment and renewal of the neighborhood, to which CAC members had the opportunity to reword or add goals. The formal presentations concluded with the display of five land use maps of the neighborhood. Using the preliminary goals as a guide, DSU staff members developed five proposals that balanced low, medium and high density residential uses, mixed-use, commercial uses, public uses and/or quasi-public uses and open space. CAC members had the opportunity during and after the presentation to share their comments on what they liked and disliked about each plan and offered suggestions on how the uses on the maps could be adjusted. Using the maps as references, the attendees spent nearly half the meeting time in an informal dialogue with DSU and City staff. Engaging the residents in small groups, allowed not only for every resident to voice his or her ideas in greater detail, but allowed staff the opportunity to learn about the experiences that have shaped the opinions of these residents. Information on Heritage Heights, including handouts and minutes from past CAC meetings, is now available under on the City's recently updated website at www.ci.columbia-heights.mn.us under "Departments," "Community Development" and then "Redevelopment Updates." The next step is to meet wit the City Council during a council work session to present the findings so far and to seek feedback. This meeting will be scheduled in the near future. PARK VIEW The Ryland Homes sales office has moved from its location on Central Avenue to the basements of the three model homes located at 540, 544 and 546 Huset Parkway. Sales office hours are from 12-6, Monday through Friday. Thirty-five homes in Phase I have been sold. Demolition in Phase II and the final plat will be presented to the Council on March 27, 2006. SARNA'S Staff has been working with representatives of Sarna Inc. to keep moving this challenging project forward. The piece of property has proven to be complex because of the need to resolve contaminated soil and geotechnical issues, work with the State to vacate the frontage road and relocate gas and power lines. The EDA and Sarna Inc. have entered into a preliminary development agreement. A final agreement should be finalized in the next two weeks by the attorneys of both parties. Upon EDA approval, Sarna Inc. anticipates a construction startup in June. Anoka County has given Columbia Heights preliminary approval of $64,000 in CDBG funding for this project. GRANT SUMMARY January 2002 to April 2006 # Amount Source Purpose 1 $240,000 Metro Council & MHFA 8 New Single Family Homes 2 $160,000 Anoka County CDBG MGS Acquisition 3 $359,860 Anoka County CDGB NEI Demolition 4 $37,000 Anoka County CDBG Burger King Demolition 5 $50,000 Anoka County CDBG Industrial Park - Planning 6 $50,000 DEED Industrial Park - Phase 2 ESA 7 $50,000 Metro Council Parkway - Engineering Feasibility Study 8 $1,001,640 DEED Industrial Park - Phase 1 Clean Up 9 $231,731 Metro Council Industrial Park - Phase 1 Clean Up 10 $582,897 DEED Industrial Park - Phase 2 Clean Up 11 $288,892 Metro Council Industrial Park - Phase 2 Clean Up 12 $247,908 Anoka County CDBG Industrial Park - Property Acquisition 13 $798,326 DEED Industrial Park - Phase 3 Clean Up 14 $292,955 Metro Council Industrial Park - Phase 3 Clean Up 15 $580,147 Metro Council Industrial Park - Parkway Improvements 16 $47,065 DEED 39th & Central - Phase 2 ESA 17 $200,000 Anoka County CDBG Demolition - 39th and Central Avenues 18 $64,000 Anoka County CDGB Soil Corrections - 40th and University. $5,282,421 TOTAL 1