HomeMy WebLinkAbout03-04-2024 EDA Packet
ECONOMIC DEVELOPMENT AUTHORITY
City Hall—Shared Vision Room, 3989 Central Ave NE
Monday, March 04, 2024
5:00 PM
AGENDA
ATTENDANCE INFORMATION FOR THE PUBLIC
Members of the public who wish to attend may do so in-person, or by using Microsoft Teams and
entering meeting ID 225 755 822 172 and passcode fkwxPE . For questions please call the Community
Development Department at 763-706-3670.
CALL TO ORDER/ROLL CALL
PLEDGE OF ALLEGIANCE
CONSENT AGENDA
1. Approve January 2, 2024, Regular EDA Meeting Minutes
2. Approve Financial Reports and Payment of Bills for December 2023 and January 2024.
MOTION: Move to approve the Consent Agenda as presented
BUSINESS ITEMS
3. Interfund Loan to the City for the Purchase of the Property Located at 675 37th Ave NE
MOTION: Move to waive the reading of Resolution 2024-05, there being ample copies
available to the public.
MOTION: Move to adopt resolution 2024-05, being a resolution approving an interfund
loan from Economic Development Authority Redevelopment Fund 408 to City Capital
Improvements Fund 411.
4. Façade Improvement Grant Report Royal Restoration
MOTION: Move to waive the reading of Resolution 2024-06, there being ample copies
available to the public.
MOTION: Move to adopt Resolution 2024-06, a resolution approving the form and
substance of the façade improvement grant agreement, and approving authority staff and
officials to take all actions necessary to enter the authority into a façade improvement
grant agreement with Royal Restoration Inc.
5. EDA Priorities and Goals Discussion 2024
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City of Columbia Heights AGENDA March 04, 2024
Economic Development Authority Page 2
BUSINESS UPDATES
ADJOURNMENT
Auxiliary aids or other accommodations for individuals with disabilities are available upon request when the request is
made at least 72 hours in advance. Please contact Administration at 763-706-3610 to make arrangements.
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ECONOMIC DEVELOPMENT AUTHORITY
City Hall—Shared Vision Room, 3989 Central Ave NE
Tuesday, January 02, 2024
5:00 PM
MINUTES
The meeting was called to order at 5:00 pm by President Szurek.
CALL TO ORDER/ROLL CALL
Members present: Connie Buesgens; Kt Jacobs; Rachel James (virtual); Amada Márquez-Simula; Justice
Spriggs; Marlaine Szurek; Lamin Dibba
Staff Present: Andrew Boucher, City Planner; Aaron Chirpich, Community Development Director;
Mitchell Forney, Community Development Coordinator; Kevin Hansen, Interim City Manager; and Sara
Ion, City Clerk
PLEDGE OF ALLEGIANCE
CONSENT AGENDA
1. Approve the minutes of the regular EDA Meeting of October 23, 2023.
2. Approve financial reports and payment of bills for October and November 2023 – Resolution No.
2024-01.
Márquez-Simula noted on page 9 of the minutes that the City is updating the gender pronouns and
that there is a “he/she” instead of using “they”.
Motion by Jacobs, seconded by Buesgens, to approve the Consent Agenda as presented. A roll call vote
was taken. All ayes of present. MOTION PASSED.
RESOLUTION NO. 2024-01
A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA,
APPROVING THE FINANCIAL STATEMENTS FOR THE MONTHS OF OCTOBER AND NOVEMBER 2023
AND THE PAYMENT OF THE BILLS FOR THE MONTHS OF OCTOBER AND NOVEMBER 2023.
WHEREAS, the Columbia Heights Economic Development Authority (the “EDA”) is required by
Minnesota Statutes Section 469.096, Subd. 9, to prepare a detailed financial statement which shows all
receipts and disbursements, their nature, the money on hand, the purposes to which the money on
hand is to be applied, the EDA's credits and assets and its outstanding liabilities; and
WHEREAS, said Statute also requires the EDA to examine the statement and treasurer's vouchers or
bills and if correct, to approve them by resolution and enter the resolution in its records; and
WHEREAS, the financial statements for the months of October and Novemb er 2023 have been
reviewed by the EDA Commission; and
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EDA Meeting Page 2
WHEREAS, the EDA has examined the financial statements and finds them to be acceptable as to both
form and accuracy; and
WHEREAS, the EDA Commission has other means to verify the intent of Section 4 69.096, Subd. 9,
including but not limited to Comprehensive Annual Financial Reports, Annual City approved Budgets,
Audits and similar documentation; and WHEREAS, financial statements are held by the City’s Finance
Department in a method outlined by the State of Minnesota’s Records Retention Schedule, NOW,
THEREFORE BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic
Development Authority that it has examined the referenced financial statements including the check
history, 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 check
history as presented in writing is approved for payment out of proper funds; and
BE IT FURTHER RESOLVED this resolution is made as part of the permanent records of the Columbia
Heights Economic Development Authority.
ORDER OF ECONOMIC DEVELOPMENT AUTHORITY
Passed this 2nd day of January 2024
Offered by: Kt Jacobs
Seconded by: Connie Buesgens
Roll Call: All ayes of present. MOTION PASSED.
Vice President
Attest:
Secretary
BUSINESS ITEMS
3. Election of Economic Development Authority Officers
Chirpich welcomed Szurek back to the EDA and welcomed Dibba to the EDA.
Márquez-Simula asked if President Szurek and Dibba could introduce themselves. President
Szurek stated that she has served on the EDA for 30 years and previously was on the City
Council and Planning Commission. Dibba mentioned that he has lived in Columbia Heights for
15 years and is originally from The Gambia West Africa. He added that he would like to
contribute to the community because he loves the City. He owns a beauty shop business and
a grocery store.
Chirpich noted that in 2023 the president was Szurek, vice president was James, and the
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treasurer was Jacobs. He explained that they will take nominations for each position.
Jacobs nominated Szurek for EDA President.
Chirpich called for nominations for Vice President of the EDA. James nominated herself.
Márquez-Simula nominated James.
Chirpich called for nominations for treasurer of the EDA. Spriggs nominated himself.
Chirpich noted that a motion is not required for the nominations and that there would simply
be a vote.
Forney called for a vote to nominate Szurek as President of the Economic Development
Authority. A roll call vote was taken. A roll call vote was taken. All ayes of present.
Forney called for a vote to nominate James as Vice President of the Economic Development
Authority. A roll call vote was taken. A roll call vote was taken. All ayes of present.
Forney called for a vote to nominate Spriggs as Treasurer of the Economic Development
Authority for 2024. A roll call vote was taken. A roll call vote was taken. All ayes of present.
Chirpich stated that the next step is to make a motions to elect each individual position with
President Szurek leading the EDA through the process since she is the newly elected
President. It should be noted that the EDA bylaws require the City Manager (Kevin Hansen) to
serve as the “Executive Director”, the Community Development Director (Aaron Chirpich) to
serve as “Deputy Director” and the Finance Director (Joseph Kloiber) to serve as the
“Assistant Treasurer”. The bylaws also specify that the position of “Secretary” be appointed
by the EDA. Thus, it is recommended that the Community Development Coordinator, Mitchell
Forney, serve as the Secretary until the department’s secretary position i s filled.
Motion by Márquez-Simula, seconded by Spriggs to elect Marlaine Szurek as President of the
Economic Development Authority. A roll call vote was taken. All ayes of present. MOTION
PASSED.
Motion by Márquez-Simula, seconded by Spriggs to elect Rachel James as Vice President of
the Economic Development Authority. A roll call vote was taken. All ayes of present. MOTION
PASSED.
Motion by Márquez-Simula, seconded by Jacobs to elect Justice Spriggs as Treasurer of the
Economic Development Authority. A roll call vote was taken. All ayes of present. MOTION
PASSED.
Motion by Jacobs, seconded by Buesgens to appoint Mitchell Forney as the Secretary of the
Economic Development Authority. A roll call vote was taken. All ayes of present. MOTION
PASSED.
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Following ratification of the above motions, the newly elected President of the EDA will now preside
over the remainder of the meeting.
4. Designating the Official Depositories of the Economic Development Authority
Chirpich reported that the EDA is required to designate by resolution the depositories used for its
funds and investments. The Resolution 2024-02 follows the general format of resolutions passed in
previous years by the EDA and City. Most general banking transactions of the EDA and City are
conducted through Northeast Bank. Accounts are also maintained at U.S. Bank for certain
specialized services such as payroll and debt service payments.
Chirpich stated the only material difference between this proposed resolution and the resolution
adopted annually by the City Council is that the EDA resolution allows for the EDA’s funds to be
held in accounts under the name of the City. This has always been the EDA’s practice. Since the
creation of the EDA in 1996, it has never had a separate checking account under its own name. All
EDA expenditures since its inception have been made using checks drawn in the City’s name on
behalf of the EDA. Staff recommends maintaining these two banking relationships, as they meet
the EDA’s current needs, and provide capacity for addressing the EDA’s evolving needs for
electronic banking services. There is one difference between this year’s depositories and those of
2023. Wells Fargo is no longer used by the EDA for its payroll processing or any other transactions
and has been removed from the depository’s resolution.
Motion by Jacobs, seconded by Buesgens, to waive the reading of Resolution No. 2024-02, there being
ample copies available to the public. A roll call vote was taken. All ayes of present. MOTION PASSED.
Motion by Jacobs, seconded by Buesgens, to adopt Resolution No. 2024-02, a Resolution of the
Columbia Heights Economic Development Authority, designating official depositories . A roll call vote
was taken. All ayes of present. MOTION PASSED.
RESOLUTION NO. 2024-02
A RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY DESIGNATING
OFFICIAL DEPOSITORIES
Now, therefore, in accordance with the bylaws and regulations of the Columbia Heights Economic
Development Authority (the Authority), the Board of Commissioners of the Authority makes the
following:
ORDER OF BOARD
IT IS HEREBY RESOLVED, that Northeast Bank, and U.S. Bank, are hereby designated as depositories for
the Authority’s funds.
IT IS FURTHER RESOLVED, that the funds of the Authority can be held in accounts at these depositories
under the name and federal identification number of the City of Columbia Heights, Minnesota (the
City), together with the funds of the City, provided that separate fund accounting records are 6
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maintained for the respective Authority and City shares of such accounts in a manner consistent with
generally accepted accounting and auditing standards.
IT IS FURTHER RESOLVED, that the responsibility for countersigning orders and checks drawn against
funds of the Authority, assigned in the Authority’s bylaws to the Authority President, is hereby
delegated to the City Mayor.
IT IS FURTHER RESOLVED, that checks, drafts, or other withdrawal o rders issued against the funds of
the Authority on deposit with these depositories under the City’s name shall be signed by the
following:
City Mayor
City Manager
City Finance Director
and that said banks are hereby fully authorized to pay and charge said accounts for any such checks,
drafts, or other withdrawal orders issued by the City on behalf of the Authority.
IT IS FURTHER RESOLVED, that Northeast Bank, and U.S. Bank, are hereby requested, authorized and
directed to honor checks, drafts or other orders for the payment of money drawn in the City’s name on
behalf of the Authority, including those drawn to the individual order of any person or persons whose
name or names appear thereon as signer or signers thereof, when bearing or purporting to bear the
facsimile signatures of the following:
City Mayor
City Manager
City Finance Director
and that Northeast Bank, and U.S. Bank, shall be entitled to honor and to charge the Authorit y, or the
City on behalf of the Authority, for all such checks, drafts or other orders, regardless of by whom or by
what means the facsimile signature or signatures thereon may have been affixed thereto, if such
facsimile signature or signatures resemble the facsimile specimens duly certified to or filed with the
Banks by the City Finance Director or other officer of the Authority or City.
IT IS FURTHER RESOLVED, that the City Finance Director or their designee shall be authorized to make
electronic funds transfers in lieu of issuing paper checks, subject to the controls required by Minnesota
Statutes and by the City of Columbia Heights’ financial policies.
IT IS FURTHER RESOLVED, that all transactions, if any, relating to deposits, withdrawals, re-discounts
and borrowings by or on behalf of the Authority with said depositories, made directly by the Authority
or by the City on the behalf of the Authority, prior to the adoption of this resolution be, and the same
hereby are, in all things ratified, approved and confirmed.
IT IS FURTHER RESOLVED, that any bank designated above as a depository, may be used as a custodian
(a.k.a. depository) for investment purposes, so long as the investments comply with authorized 7
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investments as set forth in Minnesota Statutes.
IT IS FURTHER RESOLVED, that Bank of New York Mellon DBA Pershing Advisor Solutions LLC may be
used as a custodian (a.k.a. depository) for investment purposes so long as the investments comply with
the authorized investments as set forth in Minnesot a Statutes.
IT IS FURTHER RESOLVED, that the funds of the Authority can be held in accounts at such investment
custodians under the name and federal identification number of the City, together with the funds of
the City, provided that separate fund accou nting records are maintained for the respective Authority
and City shares of such accounts in a manner consistent with generally accepted accounting and
auditing standards.
BE IT FURTHER RESOLVED, that any and all resolutions heretofore adopted by the Board of
Commissioners of the Authority with regard to depositories or brokerage firms are superseded by this
resolution.
ORDER OF ECONOMIC DEVELOPMENT AUTHORITY
Passed this 2nd day of January 2024
Offered by: Kt Jacobs
Seconded by: Connie Buesgens
Roll Call: All ayes of present. MOTION PASSED.
Vice President
Attest:
Secretary
5. Asbestos and Personal Item Abatement for EDA Owned Properties Located at 941 44th Ave, 3853
Central Ave NE, and 3851 Central Ave NE.
Forney reported stated that the item is regarding approving bids for the removal of hazardous
material and household items from 941 44th Ave, 3853 Central Ave NE, and 3851 Central Ave NE.
Earlier this year, the EDA purchased the properties intending to demolish them and prepare the
sites for redevelopment. It is the intent of the fire department to utilize 3853 Central in a training
burn scenario. Due to this the abatement of household items and hazardous materials are being
bid separate from the demolition. The scope of work submitted in the bid request included the
removal of asbestos-containing materials, appliances, and accessories containing hazardous
materials, alongside the removal of the limited remaining household items. In response to the
request for bids, the EDA received one quote. The quote was submitted by Dennis Environmental
Operations who also recently completed the abatement of 243 5th St and 841 49th St. The Dennis
Environmental bid came in at $16,150, which pencils out to $5,383 per property. Looking at
previous projects, this is well within the expected range per property. Dennis Environmental
Operations shall furnish the services and necessary equipment to complete all work specified in the
scope of work. All work will be performed in accordance with OSHA regulations, Minnesota
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EDA Meeting Page 7
Department of Health Asbestos Abatement Rules, and other applicable Federal and State
regulations. Dennis Environmental Operations shall insure proper clean up, transport, and disposal
of hazardous and asbestos-containing materials and household items.
Questions/Comments from Members:
Buesgens asked when the fire department would like to utilize the property. Forney replied in the
spring.
Márquez-Simula asked if any of the items such as windows, or cabinets in the property were
brought to ReStore instead of a landfill. Forney replied that appliances were taken by the fire
department and that they work with ReStore if there are eligible items. He added that a lot of the
items would not have qualified for ReStore since they were outdated. Chirpich added that a
company reached out and requested to have access to properties like this to take any items that
may be of value instead of it going to a landfill. Staff will follow up with the company.
Motion by Buesgens, seconded by Jacobs, to accept the bid of $16,150 by Dennis Environmental
Operations, for the removal of all hazardous materials and household items located at 941 44th
Ave, 3853 Central Ave NE, and 3851 Central Ave NE; and furthermore, to authorize the President
and Executive Director to enter into an agreement for the same. A roll call vote was taken. All ayes
of present. MOTION PASSED.
6. Sale of 4243 5th Street to Habitat for Humanity
Forney reported in early 2023, representatives of the owner of 4243 5th Street approached the
community development Staff, expressing the desire to sell the blighted 1916 single-family home
on the site. To facilitate the acquisition and demolition, the EDA utilized income restricted pooled
TIF funds from its scattered site district. The overarching project aimed at selling the vacant lot to
Habitat for Humanity, allowing them to construct a single-family home for eventual sale to an
income-qualified owner-occupant. With the property now cleared through demolition, the next
step is its development, scheduled for the upcoming spring.
Forney added that the proposed purchase agreement, which staff presents for approval, formalizes
the key components previously discussed by the EDA. Notable points include the sale of the
property to Habitat for $1.00, the construction of a new 3-bedroom, 2-story single-family home by
Habitat for Humanity (with a floor plan endorsed by the EDA), and the requirement that the home
be sold to an income-qualifying family meeting the criteria of Habitat's affordable homeownership
program. The agreement accommodates Habitat's construction timeline (planned for this spring),
but sets the completion deadline for no later than December 31, 2025. Staff strongly recommends
approving the purchase agreement, marking a crucial step in what the City anticipates will be a
lasting partnership for fostering affordable homeownership within the City.
Questions/Comments from Members:
Buesgens asked how many Habitat for Humanity Homes are in the City. Forney rep lied that Staff do
not know how many are in the City. Habitat for Humanity has two types of programs; one is a 9
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EDA Meeting Page 8
complete rebuild of lots while the other is rehabilitation. President Szurek noted that when she was
on the City Council, they did five Habitat for Humanity Homes.
Márquez-Simula asked if Staff would be able to find out how many Habitat for Humanity Homes are
in the City.
Buesgens asked if residents of a Habitat for Humanity home need to stay in the home for a certain
amount of time until they could sell it. Jacobs stated she thought it was seven to ten years.
Buesgens asked when the Habitat for Humanity house is sold if it would be at market rate or if it
remains an affordable house. Forney replied that it depends on the house and that a land trust is
put on it so that it would be sold back to Habitat for Humanity. He added that he believed it was 15
years and that it is recorded on the deed of the house. Buesgens suggested that there would be a
land trust on the properties.
Motion by Jacobs, seconded by Spriggs, to waive the reading of Resolution No. 2024-03, there being
ample copies available to the public. A roll call vote was taken. All ayes of present. MOTION PASSED.
Motion by Jacobs, seconded by Spriggs, to adopt Resolution No. 2024-03, a Resolution of the Economic
Development Authority of Columbia Heights, Minnesota, approving the purchase agreement between
Twin Cities Habitat for Humanity, and the Economic Development Authority of Columbia Heights,
Minnesota. A roll call vote was taken. All ayes of present. MOTION PASSED.
RESOLUTION NO. 2024-03
A RESOLUTION APPROVING THE PURCHASE AGREEMENT BETWEEN TWIN CITIES HABITAT FOR
HUMANITY, AND THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA
BE IT RESOLVED BY the Board of Commissioners ("Board") of the Columbia Heights Economic
Development Authority (the "Authority") as follows:
SECTION 1. RECITALS.
1.01. The Authority (“Seller”) and Twin Cities Habitat for Humanity (“Buyer”) desire to enter
into a purchase agreement (the “Purchase Agreement”) pursuant to which the Buyer will acquire
certain property in the City located at 4243 5th Street (the “Property”) from the Seller for
redevelopment purposes. The Property is described in Exhibit A attached hereto.
1.02. Pursuant to the Purchase Agreement, the Buyer will purchase the Property from the Seller
for a purchase price of $1.00 plus related closing costs.
1.03. The Authority finds that the sale of the Property is consistent with the City’s
Comprehensive Plan and will result in redevelopment of the empty lot located at 4243 5th Street. Such
sale of this Property best meets the community’s needs and will facilitate affordable homeownership
opportunities within the City. 10
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SECTION 2. PURCHASE AGREEMENT APPROVED.
2.01. The Authority hereby ratifies and approves the actions of Authority staff and of Kennedy
Graven (“Legal Counsel”) in researching the Property and preparing and presenting the Purchase
Agreement. The Authority approves the Purchase Agreement in the form pr esented to the Authority
and on file at City Hall, subject to modifications that do not alter the substance of the transaction and
that are approved by the President and Executive Director, provided that execution of the Purchase
Agreement by those officials shall be conclusive evidence of their approval.
2.03. Authority staff and officials are authorized to take all actions necessary to perform the
Authority’s obligations under the Purchase Agreement as a whole, including without limitation
execution of any documents to which the Authority is a party referenced in or attached to the
Purchase Agreement, and any deed or other documents necessary to sell the Property to the Buyer, all
as described in the Purchase Agreement
ORDER OF ECONOMIC DEVELOPMENT AUTHORITY
Passed this 2nd day of January 2024
Offered by: Kt Jacobs
Seconded by: Justice Spriggs
Roll Call: All ayes of present. MOTION PASSED.
Vice President
Attest:
Secretary
President Szurek asked if there was an update on the development of 4300 Central Ave NE. Chirpich
replied that Staff have been meeting with Alatus and expect them to enter into land use approval soon.
It is still a goal to have break ground in 2024. There are continued discussions regarding the grocery
store with the biggest challenge being finances right now. There are no significant issues and the
project is still on track.
James noted that the sign next to the property, abutting Central Avenue has a banner that lists stores
that are no longer there. She asked if it was part of the remediation process to get rid of the sign.
Chirpich replied that it was not a part of the demolition scope but will come down as part of the
redevelopment process.
Márquez-Simula asked if there was a timeline. Chirpich replied there was no timeline established.
Chirpich explained that there would be an open house at City Hall at 6 pm on Tuesday, January 9, 2024
regarding the Medtronic site Comprehensive Plan amendment. He encouraged the EDA commissioners
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to attend. Hansen added that all of the commissions have been invited to the meeting.
Márquez-Simula asked if updates from past meetings could be included in the Other Business portion
of the Agenda. She provided an example of last meeting discussion where the fire suppression system
was an item on the Agenda. She mentioned that it would be nice to know if there are any updates on
any items that are moving forward. Forney replied that he would include that in the next m eeting
Agenda.
ADJOURNMENT
Motion by Dibba, seconded by Márquez-Simula, to adjourn the meeting at 5:46 pm. A roll call vote was
taken. All ayes of present. MOTION PASSED.
Respectfully submitted,
_______________________________
Mitchell Forney, Recording Secretary
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Item 1.
AmountInvoiceInvoice DateVendorInvoice Line DescGL Number
INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 1/2Page:01/16/2024 02:36 PM
User: suems
DB: Columbia Heights
EXP CHECK RUN DATES 12/01/2023 - 12/31/2023
BOTH JOURNALIZED AND UNJOURNALIZED
PAID
Check 197246
749.02 189911/22/23BAUER SERVICES II INCBOARDING UP - 941 44TH AVE408.6414.43050
749.02 Total For Check 197246
Check 197284
4,265.00 11162311/16/23NEUS/C JANE556 40TH FACADE IMPROVEMENT GRANT408.6411.44600
4,265.00 Total For Check 197284
Check 197356
5,600.00 17677309/25/23KENNEDY & GRAVENHYVEE REDEVELOPMENT TIF CL205-00078393.7000.43050
225.00 17677309/25/23KENNEDY & GRAVEN2021 REUTER-WALTON TIF CL205-00079408.6314.43050
5,825.00 Total For Check 197356
Check 197377
12.85 99281153011/30/23POPP.COM INC113023 -10010429 COM DEV ADMINISTRATION204.6314.43210
41.50 99281042111/26/23POPP.COM INC112623 10013121 PHONE COMMDEV ADMIN204.6314.43210
54.35 Total For Check 197377
Check 197429
1,215.00 17818511/21/23KENNEDY & GRAVENSALE OF 4243 5TH ST CL205-00088408.6414.43050
1,215.00 Total For Check 197429
Check 197468
35.00 11042312/04/23SZUREK/MARLAINEEDA MEETING 102323204.6314.44380
35.00 Total For Check 197468
Check 197476
950.45 107842324812/08/23XCEL ENERGY (N S P)ELECTRIC228.6317.43810
950.45 Total For Check 197476
Check 197486
5.86 12012312/01/23ARVIG ENTERPRISES, INCCOMM DEV ADMIN (1.8%) INTERNET 1123204.6314.43250
5.86 Total For Check 197486
Check 197492
2,996.96 193012/07/23BAUER SERVICES II INCTRASH REMOVAL 941 44TH AVE NE408.6414.43050
2,996.96 Total For Check 197492
Check 197500
19.44 19000560812/15/23COMCAST121523 934571297 COMM DEV ADMIN204.6314.43250
19.44 Total For Check 197500
Check 197507
150.00 9594312/12/23EHLERS & ASSOCIATES INCALATUS HYVEE SITE REDEVELOPMENT393.7000.43050
150.00 Total For Check 197507
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Item 2.
AmountInvoiceInvoice DateVendorInvoice Line DescGL Number
INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 2/2Page:01/16/2024 02:36 PM
User: suems
DB: Columbia Heights
EXP CHECK RUN DATES 12/01/2023 - 12/31/2023
BOTH JOURNALIZED AND UNJOURNALIZED
PAID
114.65 Fund 204 EDA ADMINISTRATION
950.45 Fund 228 DOWNTOWN PARKING
5,750.00 Fund 393 BB6 IF ALATUS 4300 CENTRAL
9,450.98 Fund 408 EDA REDEVELOPMENT PROJECT FD
Fund Totals:
4,960.98 BOARDING UP - 941 44TH AVE408.6414.43050
4,265.00 556 40TH FACADE IMPROVEMENT GRANT408.6411.44600
225.00 2021 REUTER-WALTON TIF CL205-00079408.6314.43050
5,750.00 ALATUS HYVEE SITE REDEVELOPMENT393.7000.43050
950.45 ELECTRIC228.6317.43810
35.00 EDA MEETING 102323204.6314.44380
25.30 COMM DEV ADMIN (1.8%) INTERNET 1123204.6314.43250
54.35 113023 -10010429 COM DEV ADMINISTRATION204.6314.43210
--- TOTALS BY GL DISTRIBUTION ---
16,266.08 Total For All Funds:
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Item 2.
AmountInvoiceInvoice DateVendorInvoice Line DescGL Number
INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 1/2Page:02/15/2024 04:17 PM
User: suems
DB: Columbia Heights
EXP CHECK RUN DATES 01/01/2024 - 01/31/2024
BOTH JOURNALIZED AND UNJOURNALIZED
PAID
Check 197692
12.85 99281556212/31/23POPP.COM INC123123 -10010429 COM DEV ADMINISTRATION204.6314.43210
39.83 99281445712/26/23POPP.COM INC122623 10013121 PHONE COMMDEV ADMIN204.6314.43210
52.68 Total For Check 197692
Check 197713
7.67 01012401/01/24ARVIG ENTERPRISES, INCCOMM DEV ADMIN (2.3%) INTERNET 0124204.6314.43250
7.67 Total For Check 197713
Check 197741
1,005.00 108398632601/10/24XCEL ENERGY (N S P)ELECTRIC228.6317.43810
1,005.00 Total For Check 197741
Check 197756
575.00 8488712/12/23BOND TRUST SERVICES CORPPAYING AGENT FEE EDA BOND 2016372.7000.46200
575.00 Total For Check 197756
15
Item 2.
AmountInvoiceInvoice DateVendorInvoice Line DescGL Number
INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 2/2Page:02/15/2024 04:17 PM
User: suems
DB: Columbia Heights
EXP CHECK RUN DATES 01/01/2024 - 01/31/2024
BOTH JOURNALIZED AND UNJOURNALIZED
PAID
60.35 Fund 204 EDA ADMINISTRATION
1,005.00 Fund 228 DOWNTOWN PARKING
575.00 Fund 372 HUSET PARK AREA TIF (T6)
Fund Totals:
575.00 PAYING AGENT FEE EDA BOND 2016372.7000.46200
1,005.00 ELECTRIC228.6317.43810
7.67 COMM DEV ADMIN (2.3%) INTERNET 0124204.6314.43250
52.68 123123 -10010429 COM DEV ADMINISTRATION204.6314.43210
--- TOTALS BY GL DISTRIBUTION ---
1,640.35 Total For All Funds:
16
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 1/14Page:01/16/2024 02:35 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2023
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2023
ACTIVITY FOR
MONTH
12/31/23
ENCUMBERED
YEAR-TO-DATE
2023
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 202 - ANOKA CO COMM DEV PROGRAMS
Revenues
Dept 0000 - NON-DEPARTMENTAL
INTERGOVERNMENTAL
100.00 (1,246.00)1,246.00 0.00 0.00 0.00 COUNTY GRANT202.0000.33600
100.00 (1,246.00)1,246.00 0.00 0.00 0.00 INTERGOVERNMENTAL
100.00 (1,246.00)1,246.00 0.00 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 (1,246.00)1,246.00 0.00 0.00 0.00 TOTAL REVENUES
Expenditures
Dept 6355 - ANOKA CO HRA LEVY PROJECTS
OTHER SERVICES & CHARGES
100.00 (1,246.00)1,246.00 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.202.6355.43050
100.00 (1,246.00)1,246.00 0.00 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (1,246.00)1,246.00 0.00 0.00 0.00 Total Dept 6355 - ANOKA CO HRA LEVY PROJECTS
100.00 (1,246.00)1,246.00 0.00 0.00 0.00 TOTAL EXPENDITURES
0.00 0.00 0.00 0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 (1,246.00)1,246.00 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 (1,246.00)1,246.00 0.00 0.00 0.00 TOTAL REVENUES
Fund 202 - ANOKA CO COMM DEV PROGRAMS:
17
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 2/14Page:01/16/2024 02:35 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2023
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2023
ACTIVITY FOR
MONTH
12/31/23
ENCUMBERED
YEAR-TO-DATE
2023
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 204 - EDA ADMINISTRATION
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
107.27 (15,137.53)223,237.53 106,462.91 0.00 208,100.00 EDA CURRENT AD VALOREM204.0000.31011
76.18 21,200.82 67,799.18 33,314.08 0.00 89,000.00 AREA WIDE TAX204.0000.31014
100.00 (5,728.58)5,728.58 3,333.63 0.00 0.00 DELNQ. AD VALOREM204.0000.31020
99.89 334.71 296,765.29 143,110.62 0.00 297,100.00 TAXES
99.89 334.71 296,765.29 143,110.62 0.00 297,100.00 Total Dept 0000 - NON-DEPARTMENTAL
99.89 334.71 296,765.29 143,110.62 0.00 297,100.00 TOTAL REVENUES
Expenditures
Dept 6314 - ECONOMIC DEVELOPMENT AUTH
OTHER SERVICES & CHARGES
364.02 (5,808.40)8,008.40 0.00 0.00 2,200.00 EXPERT & PROFESSIONAL SERV.204.6314.43050
246.40 (2,195.95)3,695.95 0.00 0.00 1,500.00 TRAINING & EDUCATION ACTIVITIES204.6314.43105
132.60 (228.21)630.80 0.00 297.41 700.00 TELEPHONE204.6314.43210
134.41 (206.45)806.45 305.52 0.00 600.00 POSTAGE204.6314.43220
88.53 34.41 265.59 0.00 0.00 300.00 OTHER TELECOMMUNICATIONS204.6314.43250
26.97 1,095.44 404.56 0.00 0.00 1,500.00 OUT OF TOWN TRAVEL EXPENSE204.6314.43320
338.80 (477.60)677.60 0.00 0.00 200.00 LEGAL NOTICE PUBLISHING204.6314.43500
100.00 0.00 2,700.00 225.00 0.00 2,700.00 PROP & LIAB INSURANCE204.6314.43600
20.04 399.82 100.18 0.00 0.00 500.00 REPAIR & MAINT. SERVICES204.6314.44000
100.00 0.00 800.00 0.00 0.00 800.00 SOFTWARE & SOFTWARE SUBSCRIPTIONS204.6314.44030
100.00 0.00 8,700.00 725.00 0.00 8,700.00 INFORMATION SYS:INTERNAL SVC204.6314.44040
99.50 1.00 199.00 0.00 0.00 200.00 SUBSCRIPTION, MEMBERSHIP204.6314.44330
50.56 445.00 455.00 0.00 0.00 900.00 COMMISSION & BOARDS204.6314.44380
133.37 (6,940.94)27,443.53 1,255.52 297.41 20,800.00 OTHER SERVICES & CHARGES
PERSONNEL SERVICES
101.05 (2,067.33)198,767.33 24,174.12 0.00 196,700.00 REGULAR EMPLOYEES204.6314.41010
102.96 (434.41)15,134.41 1,813.06 0.00 14,700.00 P.E.R.A. CONTRIBUTION204.6314.41210
110.92 (1,648.34)16,748.34 1,980.25 0.00 15,100.00 F.I.C.A. CONTRIBUTION204.6314.41220
101.55 (359.54)23,559.54 2,043.47 0.00 23,200.00 INSURANCE204.6314.41300
113.09 (196.35)1,696.35 196.90 0.00 1,500.00 WORKERS COMP INSURANCE PREM204.6314.41510
101.87 (4,705.97)255,905.97 30,207.80 0.00 251,200.00 PERSONNEL SERVICES
SUPPLIES
37.09 125.83 74.17 0.00 0.00 200.00 OFFICE SUPPLIES204.6314.42000
0.00 500.00 0.00 0.00 0.00 500.00 MINOR EQUIPMENT204.6314.42010
0.00 1,900.00 0.00 0.00 0.00 1,900.00 END USER DEVICES204.6314.42011
7.22 185.56 14.44 0.00 0.00 200.00 GENERAL SUPPLIES204.6314.42171
0.00 200.00 0.00 0.00 0.00 200.00 FOOD SUPPLIES204.6314.42175
2.95 2,911.39 88.61 0.00 0.00 3,000.00 SUPPLIES
CONTINGENCIES & TRANSFERS
100.00 (0.04)22,100.04 1,841.67 0.00 22,100.00 OPER. TRANSFER OUT - LABOR204.6314.47100
100.00 (0.04)22,100.04 1,841.67 0.00 22,100.00 CONTINGENCIES & TRANSFERS 18
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 3/14Page:01/16/2024 02:35 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2023
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2023
ACTIVITY FOR
MONTH
12/31/23
ENCUMBERED
YEAR-TO-DATE
2023
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 204 - EDA ADMINISTRATION
Expenditures
102.94 (8,735.56)305,538.15 33,304.99 297.41 297,100.00 Total Dept 6314 - ECONOMIC DEVELOPMENT AUTH
102.94 (8,735.56)305,538.15 33,304.99 297.41 297,100.00 TOTAL EXPENDITURES
100.00 9,070.27 (8,772.86)109,805.63 (297.41)0.00 NET OF REVENUES & EXPENDITURES
102.94 (8,735.56)305,538.15 33,304.99 297.41 297,100.00 TOTAL EXPENDITURES
99.89 334.71 296,765.29 143,110.62 0.00 297,100.00 TOTAL REVENUES
Fund 204 - EDA ADMINISTRATION:
19
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 4/14Page:01/16/2024 02:35 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2023
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2023
ACTIVITY FOR
MONTH
12/31/23
ENCUMBERED
YEAR-TO-DATE
2023
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 228 - DOWNTOWN PARKING
Revenues
Dept 0000 - NON-DEPARTMENTAL
TRANSFERS & NON-REV RECEIPTS
100.00 0.00 56,700.00 4,725.00 0.00 56,700.00 TRANSFER IN-SPECIAL PROJ REV228.0000.39247
100.00 0.00 56,700.00 4,725.00 0.00 56,700.00 TRANSFERS & NON-REV RECEIPTS
100.00 0.00 56,700.00 4,725.00 0.00 56,700.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 0.00 56,700.00 4,725.00 0.00 56,700.00 TOTAL REVENUES
Expenditures
Dept 6317 - DOWNTOWN PARKING
OTHER SERVICES & CHARGES
100.00 (3,522.25)3,522.25 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.228.6317.43050
100.00 (0.04)3,200.04 266.67 0.00 3,200.00 PROP & LIAB INSURANCE228.6317.43600
95.05 98.96 1,901.04 248.69 0.00 2,000.00 UTILITY SERVICES228.6317.43800
64.06 4,671.57 8,328.43 0.00 0.00 13,000.00 ELECTRIC228.6317.43810
14.78 29,828.70 4,557.00 0.00 614.30 35,000.00 REPAIR & MAINT. SERVICES228.6317.44000
79.99 400.28 1,599.72 0.00 0.00 2,000.00 BLDG MAINT CONTRACTUAL SERVICES228.6317.44020
42.98 31,477.22 23,108.48 515.36 614.30 55,200.00 OTHER SERVICES & CHARGES
PERSONNEL SERVICES
0.00 1,500.00 0.00 0.00 0.00 1,500.00 INTERDEPARTMENTAL LABOR SERV228.6317.41070
0.00 1,500.00 0.00 0.00 0.00 1,500.00 PERSONNEL SERVICES
SUPPLIES
100.00 (405.00)405.00 0.00 0.00 0.00 OTHER TECHNOLOGY EQUIPMENT228.6317.42012
100.00 (405.00)405.00 0.00 0.00 0.00 SUPPLIES
42.55 32,572.22 23,513.48 515.36 614.30 56,700.00 Total Dept 6317 - DOWNTOWN PARKING
42.55 32,572.22 23,513.48 515.36 614.30 56,700.00 TOTAL EXPENDITURES
100.00 (32,572.22)33,186.52 4,209.64 (614.30)0.00 NET OF REVENUES & EXPENDITURES
42.55 32,572.22 23,513.48 515.36 614.30 56,700.00 TOTAL EXPENDITURES
100.00 0.00 56,700.00 4,725.00 0.00 56,700.00 TOTAL REVENUES
Fund 228 - DOWNTOWN PARKING:
20
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 5/14Page:01/16/2024 02:35 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2023
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2023
ACTIVITY FOR
MONTH
12/31/23
ENCUMBERED
YEAR-TO-DATE
2023
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 372 - HUSET PARK AREA TIF (T6)
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
446.18 (671,597.85)865,597.85 421,408.05 0.00 194,000.00 CURRENT AD VALOREM372.0000.31010
100.00 286,912.71 (286,912.71)(291,496.65)0.00 0.00 DELNQ. AD VALOREM372.0000.31020
298.29 (384,685.14)578,685.14 129,911.40 0.00 194,000.00 TAXES
MISCELLANEOUS
0.00 3,000.00 0.00 0.00 0.00 3,000.00 INTEREST ON INVESTMENTS372.0000.36210
0.00 3,000.00 0.00 0.00 0.00 3,000.00 MISCELLANEOUS
293.75 (381,685.14)578,685.14 129,911.40 0.00 197,000.00 Total Dept 0000 - NON-DEPARTMENTAL
293.75 (381,685.14)578,685.14 129,911.40 0.00 197,000.00 TOTAL REVENUES
Expenditures
Dept 7000 - BONDS
OTHER SERVICES & CHARGES
100.00 (8,102.06)8,102.06 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.372.7000.43050
100.00 (397,458.12)397,458.12 0.00 0.00 0.00 LOANS & GRANTS372.7000.44600
100.00 (405,560.18)405,560.18 0.00 0.00 0.00 OTHER SERVICES & CHARGES
CAPITAL OUTLAY
100.00 0.00 135,000.00 0.00 0.00 135,000.00 PRINCIPAL372.7000.46010
99.92 43.75 54,156.25 0.00 0.00 54,200.00 INTEREST372.7000.46110
147.50 (475.00)1,031.00 0.00 444.00 1,000.00 FISCAL AGENT CHARGES372.7000.46200
100.23 (431.25)190,187.25 0.00 444.00 190,200.00 CAPITAL OUTLAY
313.46 (405,991.43)595,747.43 0.00 444.00 190,200.00 Total Dept 7000 - BONDS
313.46 (405,991.43)595,747.43 0.00 444.00 190,200.00 TOTAL EXPENDITURES
257.45 24,306.29 (17,062.29)129,911.40 (444.00)6,800.00 NET OF REVENUES & EXPENDITURES
313.46 (405,991.43)595,747.43 0.00 444.00 190,200.00 TOTAL EXPENDITURES
293.75 (381,685.14)578,685.14 129,911.40 0.00 197,000.00 TOTAL REVENUES
Fund 372 - HUSET PARK AREA TIF (T6):
21
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 6/14Page:01/16/2024 02:35 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2023
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2023
ACTIVITY FOR
MONTH
12/31/23
ENCUMBERED
YEAR-TO-DATE
2023
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 375 - TIF Z6: 47TH & GRAND
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
100.00 (169,026.94)169,026.94 84,513.47 0.00 0.00 CURRENT AD VALOREM375.0000.31010
100.00 (169,026.94)169,026.94 84,513.47 0.00 0.00 TAXES
100.00 (169,026.94)169,026.94 84,513.47 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 (169,026.94)169,026.94 84,513.47 0.00 0.00 TOTAL REVENUES
Expenditures
Dept 7000 - BONDS
OTHER SERVICES & CHARGES
100.00 (1,917.67)1,917.67 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.375.7000.43050
100.00 (76,062.12)76,062.12 0.00 0.00 0.00 LOANS & GRANTS375.7000.44600
100.00 (77,979.79)77,979.79 0.00 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (77,979.79)77,979.79 0.00 0.00 0.00 Total Dept 7000 - BONDS
100.00 (77,979.79)77,979.79 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 (91,047.15)91,047.15 84,513.47 0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 (77,979.79)77,979.79 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 (169,026.94)169,026.94 84,513.47 0.00 0.00 TOTAL REVENUES
Fund 375 - TIF Z6: 47TH & GRAND:
22
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 7/14Page:01/16/2024 02:35 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2023
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2023
ACTIVITY FOR
MONTH
12/31/23
ENCUMBERED
YEAR-TO-DATE
2023
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 376 - TIF DISTRICTS A3/C7/C8
Revenues
Dept 0000 - NON-DEPARTMENTAL
MISCELLANEOUS
100.00 (479.26)479.26 0.00 0.00 0.00 LOAN INTEREST376.0000.36216
100.00 (479.26)479.26 0.00 0.00 0.00 MISCELLANEOUS
100.00 (479.26)479.26 0.00 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 (479.26)479.26 0.00 0.00 0.00 TOTAL REVENUES
100.00 (479.26)479.26 0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES
0.00 0.00 0.00 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 (479.26)479.26 0.00 0.00 0.00 TOTAL REVENUES
Fund 376 - TIF DISTRICTS A3/C7/C8:
23
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 8/14Page:01/16/2024 02:35 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2023
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2023
ACTIVITY FOR
MONTH
12/31/23
ENCUMBERED
YEAR-TO-DATE
2023
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 389 - TIF R8 CRESTV/TRANSITION BLK
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
100.00 137,503.84 (137,503.84)0.00 0.00 0.00 CURRENT AD VALOREM389.0000.31010
100.00 137,503.84 (137,503.84)0.00 0.00 0.00 TAXES
100.00 137,503.84 (137,503.84)0.00 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 137,503.84 (137,503.84)0.00 0.00 0.00 TOTAL REVENUES
Expenditures
Dept 7000 - BONDS
OTHER SERVICES & CHARGES
100.00 (2,517.10)2,517.10 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.389.7000.43050
100.00 (2,517.10)2,517.10 0.00 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (2,517.10)2,517.10 0.00 0.00 0.00 Total Dept 7000 - BONDS
100.00 (2,517.10)2,517.10 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 140,020.94 (140,020.94)0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 (2,517.10)2,517.10 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 137,503.84 (137,503.84)0.00 0.00 0.00 TOTAL REVENUES
Fund 389 - TIF R8 CRESTV/TRANSITION BLK:
24
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 9/14Page:01/16/2024 02:35 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2023
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2023
ACTIVITY FOR
MONTH
12/31/23
ENCUMBERED
YEAR-TO-DATE
2023
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 391 - SCATTERED SITE TIF W3/W4
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
100.00 (51,003.66)51,003.66 25,501.83 0.00 0.00 CURRENT AD VALOREM391.0000.31010
100.00 (51,003.66)51,003.66 25,501.83 0.00 0.00 TAXES
100.00 (51,003.66)51,003.66 25,501.83 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 (51,003.66)51,003.66 25,501.83 0.00 0.00 TOTAL REVENUES
Expenditures
Dept 7000 - BONDS
OTHER SERVICES & CHARGES
11.00 44,501.21 5,498.79 0.00 0.00 50,000.00 EXPERT & PROFESSIONAL SERV.391.7000.43050
11.00 44,501.21 5,498.79 0.00 0.00 50,000.00 OTHER SERVICES & CHARGES
CAPITAL OUTLAY
101.91 (2,289.95)122,289.95 0.00 0.00 120,000.00 LAND391.7000.45110
100.00 (479.26)479.26 0.00 0.00 0.00 INTEREST391.7000.46110
102.31 (2,769.21)122,769.21 0.00 0.00 120,000.00 CAPITAL OUTLAY
75.45 41,732.00 128,268.00 0.00 0.00 170,000.00 Total Dept 7000 - BONDS
75.45 41,732.00 128,268.00 0.00 0.00 170,000.00 TOTAL EXPENDITURES
45.45 (92,735.66)(77,264.34)25,501.83 0.00 (170,000.00)NET OF REVENUES & EXPENDITURES
75.45 41,732.00 128,268.00 0.00 0.00 170,000.00 TOTAL EXPENDITURES
100.00 (51,003.66)51,003.66 25,501.83 0.00 0.00 TOTAL REVENUES
Fund 391 - SCATTERED SITE TIF W3/W4:
25
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 10/14Page:01/16/2024 02:35 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2023
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2023
ACTIVITY FOR
MONTH
12/31/23
ENCUMBERED
YEAR-TO-DATE
2023
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 392 - TIF BB2 ALATUS 40TH AV
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
100.00 (234,789.34)234,789.34 117,959.33 0.00 0.00 CURRENT AD VALOREM392.0000.31010
100.00 (234,789.34)234,789.34 117,959.33 0.00 0.00 TAXES
TRANSFERS & NON-REV RECEIPTS
100.00 (6,058,006.00)6,058,006.00 6,058,006.00 0.00 0.00 BOND PROCEEDS392.0000.39310
100.00 (6,058,006.00)6,058,006.00 6,058,006.00 0.00 0.00 TRANSFERS & NON-REV RECEIPTS
100.00 (6,292,795.34)6,292,795.34 6,175,965.33 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 (6,292,795.34)6,292,795.34 6,175,965.33 0.00 0.00 TOTAL REVENUES
Expenditures
Dept 7000 - BONDS
OTHER SERVICES & CHARGES
100.00 (2,865.98)2,865.98 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.392.7000.43050
100.00 (110,988.51)110,988.51 0.00 0.00 0.00 LOANS & GRANTS392.7000.44600
100.00 (113,854.49)113,854.49 0.00 0.00 0.00 OTHER SERVICES & CHARGES
CAPITAL OUTLAY
100.00 (113,376.25)113,200.25 112,026.25 176.00 0.00 FISCAL AGENT CHARGES392.7000.46200
100.00 (113,376.25)113,200.25 112,026.25 176.00 0.00 CAPITAL OUTLAY
100.00 (227,230.74)227,054.74 112,026.25 176.00 0.00 Total Dept 7000 - BONDS
100.00 (227,230.74)227,054.74 112,026.25 176.00 0.00 TOTAL EXPENDITURES
100.00 (6,065,564.60)6,065,740.60 6,063,939.08 (176.00)0.00 NET OF REVENUES & EXPENDITURES
100.00 (227,230.74)227,054.74 112,026.25 176.00 0.00 TOTAL EXPENDITURES
100.00 (6,292,795.34)6,292,795.34 6,175,965.33 0.00 0.00 TOTAL REVENUES
Fund 392 - TIF BB2 ALATUS 40TH AV:
26
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 11/14Page:01/16/2024 02:35 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2023
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2023
ACTIVITY FOR
MONTH
12/31/23
ENCUMBERED
YEAR-TO-DATE
2023
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 393 - BB6 IF ALATUS 4300 CENTRAL
Expenditures
Dept 7000 - BONDS
OTHER SERVICES & CHARGES
100.00 (19,752.19)14,152.19 0.00 5,600.00 0.00 EXPERT & PROFESSIONAL SERV.393.7000.43050
100.00 (19,752.19)14,152.19 0.00 5,600.00 0.00 OTHER SERVICES & CHARGES
CAPITAL OUTLAY
100.03 (7.50)26,707.50 0.00 0.00 26,700.00 INTEREST393.7000.46110
0.00 1,000.00 0.00 0.00 0.00 1,000.00 FISCAL AGENT CHARGES393.7000.46200
96.42 992.50 26,707.50 0.00 0.00 27,700.00 CAPITAL OUTLAY
167.72 (18,759.69)40,859.69 0.00 5,600.00 27,700.00 Total Dept 7000 - BONDS
167.72 (18,759.69)40,859.69 0.00 5,600.00 27,700.00 TOTAL EXPENDITURES
167.72 18,759.69 (40,859.69)0.00 (5,600.00)(27,700.00)NET OF REVENUES & EXPENDITURES
167.72 (18,759.69)40,859.69 0.00 5,600.00 27,700.00 TOTAL EXPENDITURES
0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES
Fund 393 - BB6 IF ALATUS 4300 CENTRAL:
27
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 12/14Page:01/16/2024 02:35 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2023
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2023
ACTIVITY FOR
MONTH
12/31/23
ENCUMBERED
YEAR-TO-DATE
2023
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 408 - EDA REDEVELOPMENT PROJECT FD
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
94.35 13,278.06 221,721.94 104,610.46 0.00 235,000.00 HRA CURRENT AD VALOREM408.0000.31012
106.78 (5,082.15)80,082.15 39,482.01 0.00 75,000.00 AREA WIDE TAX408.0000.31014
100.00 (7,290.06)7,290.06 4,492.82 0.00 0.00 DELNQ. AD VALOREM408.0000.31020
99.71 905.85 309,094.15 148,585.29 0.00 310,000.00 TAXES
99.71 905.85 309,094.15 148,585.29 0.00 310,000.00 Total Dept 0000 - NON-DEPARTMENTAL
99.71 905.85 309,094.15 148,585.29 0.00 310,000.00 TOTAL REVENUES
Expenditures
Dept 6314 - ECONOMIC DEVELOPMENT AUTH
OTHER SERVICES & CHARGES
3.05 48,475.00 1,300.00 0.00 225.00 50,000.00 EXPERT & PROFESSIONAL SERV.408.6314.43050
3.05 48,475.00 1,300.00 0.00 225.00 50,000.00 OTHER SERVICES & CHARGES
CAPITAL OUTLAY
855.34 (694,732.86)786,708.86 0.00 0.00 91,976.00 LAND408.6314.45110
855.34 (694,732.86)786,708.86 0.00 0.00 91,976.00 CAPITAL OUTLAY
555.19 (646,257.86)788,008.86 0.00 225.00 141,976.00 Total Dept 6314 - ECONOMIC DEVELOPMENT AUTH
Dept 6411 - FACADE IMPROVEMENT GRANT
OTHER SERVICES & CHARGES
25.03 37,487.00 12,513.00 0.00 0.00 50,000.00 LOANS & GRANTS408.6411.44600
25.03 37,487.00 12,513.00 0.00 0.00 50,000.00 OTHER SERVICES & CHARGES
SUPPLIES
100.00 (30,513.62)30,513.62 0.00 0.00 0.00 MINOR EQUIPMENT408.6411.42010
100.00 (30,513.62)30,513.62 0.00 0.00 0.00 SUPPLIES
86.05 6,973.38 43,026.62 0.00 0.00 50,000.00 Total Dept 6411 - FACADE IMPROVEMENT GRANT
Dept 6414 - COMMERCIAL REVITALIZATION
OTHER SERVICES & CHARGES
100.00 (29,924.25)29,924.25 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.408.6414.43050
100.00 (4,723.20)4,723.20 0.00 0.00 0.00 TAXES & LICENSES408.6414.44390
100.00 (35,000.00)35,000.00 0.00 0.00 0.00 LOANS & GRANTS408.6414.44600
100.00 (69,647.45)69,647.45 0.00 0.00 0.00 OTHER SERVICES & CHARGES
SUPPLIES
100.00 (25.67)25.67 0.00 0.00 0.00 MINOR EQUIPMENT408.6414.42010
100.00 (25.67)25.67 0.00 0.00 0.00 SUPPLIES 28
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 13/14Page:01/16/2024 02:35 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2023
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2023
ACTIVITY FOR
MONTH
12/31/23
ENCUMBERED
YEAR-TO-DATE
2023
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 408 - EDA REDEVELOPMENT PROJECT FD
Expenditures
CAPITAL OUTLAY
109.54 (19,071.91)219,071.91 0.00 0.00 200,000.00 LAND408.6414.45110
109.54 (19,071.91)219,071.91 0.00 0.00 200,000.00 CAPITAL OUTLAY
144.37 (88,745.03)288,745.03 0.00 0.00 200,000.00 Total Dept 6414 - COMMERCIAL REVITALIZATION
Dept 6418 - FIRE SUPPRESSION GRANT
OTHER SERVICES & CHARGES
0.00 60,000.00 0.00 0.00 0.00 60,000.00 LOANS & GRANTS408.6418.44600
0.00 60,000.00 0.00 0.00 0.00 60,000.00 OTHER SERVICES & CHARGES
0.00 60,000.00 0.00 0.00 0.00 60,000.00 Total Dept 6418 - FIRE SUPPRESSION GRANT
Dept 9999 - CONSTRUCTION
OTHER SERVICES & CHARGES
100.00 (15,865.00)15,865.00 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.408.9999.43050.2014
100.00 (15,865.00)15,865.00 0.00 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (15,865.00)15,865.00 0.00 0.00 0.00 Total Dept 9999 - CONSTRUCTION
251.31 (683,894.51)1,135,645.51 0.00 225.00 451,976.00 TOTAL EXPENDITURES
582.34 684,800.36 (826,551.36)148,585.29 (225.00)(141,976.00)NET OF REVENUES & EXPENDITURES
251.31 (683,894.51)1,135,645.51 0.00 225.00 451,976.00 TOTAL EXPENDITURES
99.71 905.85 309,094.15 148,585.29 0.00 310,000.00 TOTAL REVENUES
Fund 408 - EDA REDEVELOPMENT PROJECT FD:
29
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 14/14Page:01/16/2024 02:35 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2023
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2023
ACTIVITY FOR
MONTH
12/31/23
ENCUMBERED
YEAR-TO-DATE
2023
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 420 - CAP IMPROVEMENT-DEVELOPMENT
Revenues
Dept 0000 - NON-DEPARTMENTAL
INTERGOVERNMENTAL
100.00 (820,000.00)820,000.00 0.00 0.00 0.00 OTHER LOCAL GOVT GRANT420.0000.33641
100.00 (820,000.00)820,000.00 0.00 0.00 0.00 INTERGOVERNMENTAL
100.00 (820,000.00)820,000.00 0.00 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 (820,000.00)820,000.00 0.00 0.00 0.00 TOTAL REVENUES
Expenditures
Dept 6317 - DOWNTOWN PARKING
OTHER SERVICES & CHARGES
100.00 (78,624.50)78,624.50 0.00 0.00 0.00 REPAIR & MAINT. SERVICES420.6317.44000.1915
100.00 (78,624.50)78,624.50 0.00 0.00 0.00 OTHER SERVICES & CHARGES
SUPPLIES
100.00 (4,129.57)4,129.57 0.00 0.00 0.00 OTHER TECHNOLOGY EQUIPMENT420.6317.42012.1915
100.00 (4,129.57)4,129.57 0.00 0.00 0.00 SUPPLIES
100.00 (82,754.07)82,754.07 0.00 0.00 0.00 Total Dept 6317 - DOWNTOWN PARKING
Dept 6405 - 42ND & CENTRAL REDEVELOPMENT
OTHER SERVICES & CHARGES
100.00 (820,000.00)820,000.00 0.00 0.00 0.00 LOANS & GRANTS420.6405.44600
100.00 (820,000.00)820,000.00 0.00 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (820,000.00)820,000.00 0.00 0.00 0.00 Total Dept 6405 - 42ND & CENTRAL REDEVELOPMENT
100.00 (902,754.07)902,754.07 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 82,754.07 (82,754.07)0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 (902,754.07)902,754.07 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 (820,000.00)820,000.00 0.00 0.00 0.00 TOTAL REVENUES
Fund 420 - CAP IMPROVEMENT-DEVELOPMENT:
1,499.00 (5,322,687.27)4,997,167.98 6,566,466.34 (7,356.71)(332,876.00)NET OF REVENUES & EXPENDITURES
288.90 (2,254,804.67)3,441,123.96 145,846.60 7,356.71 1,193,676.00 TOTAL EXPENDITURES - ALL FUNDS
980.28 (7,577,491.94)8,438,291.94 6,712,312.94 0.00 860,800.00 TOTAL REVENUES - ALL FUNDS
30
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 1/5Page:02/15/2024 04:17 PM
User: suems
DB: Columbia Heights PERIOD ENDING 01/31/2024
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
01/31/2024
ACTIVITY FOR
MONTH
01/31/24
ENCUMBERED
YEAR-TO-DATE
2024
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 204 - EDA ADMINISTRATION
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
100.00 (1,443.10)1,443.10 1,443.10 0.00 0.00 EDA CURRENT AD VALOREM204.0000.31011
100.00 110.75 (110.75)(110.75)0.00 0.00 AREA WIDE TAX204.0000.31014
100.00 3,870.85 (3,870.85)(3,870.85)0.00 0.00 DELNQ. AD VALOREM204.0000.31020
100.00 112.86 (112.86)(112.86)0.00 0.00 PENALTIES & INTEREST204.0000.31910
100.00 2,651.36 (2,651.36)(2,651.36)0.00 0.00 TAXES
100.00 2,651.36 (2,651.36)(2,651.36)0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 2,651.36 (2,651.36)(2,651.36)0.00 0.00 TOTAL REVENUES
Expenditures
Dept 6314 - ECONOMIC DEVELOPMENT AUTH
PERSONNEL SERVICES
100.00 (17,006.81)17,006.81 17,006.81 0.00 0.00 REGULAR EMPLOYEES204.6314.41010
100.00 (1,238.96)1,238.96 1,238.96 0.00 0.00 P.E.R.A. CONTRIBUTION204.6314.41210
100.00 (1,430.43)1,430.43 1,430.43 0.00 0.00 F.I.C.A. CONTRIBUTION204.6314.41220
100.00 (2,118.92)2,118.92 2,118.92 0.00 0.00 INSURANCE204.6314.41300
100.00 (142.38)142.38 142.38 0.00 0.00 WORKERS COMP INSURANCE PREM204.6314.41510
100.00 (21,937.50)21,937.50 21,937.50 0.00 0.00 PERSONNEL SERVICES
OTHER SERVICES & CHARGES
100.00 (700.00)700.00 700.00 0.00 0.00 TRAINING & EDUCATION ACTIVITIES204.6314.43105
100.00 (374.55)374.55 374.55 0.00 0.00 TELEPHONE204.6314.43210
100.00 (31.97)31.97 31.97 0.00 0.00 OTHER TELECOMMUNICATIONS204.6314.43250
100.00 (1,106.52)1,106.52 1,106.52 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (23,044.02)23,044.02 23,044.02 0.00 0.00 Total Dept 6314 - ECONOMIC DEVELOPMENT AUTH
100.00 (23,044.02)23,044.02 23,044.02 0.00 0.00 TOTAL EXPENDITURES
100.00 25,695.38 (25,695.38)(25,695.38)0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 (23,044.02)23,044.02 23,044.02 0.00 0.00 TOTAL EXPENDITURES
100.00 2,651.36 (2,651.36)(2,651.36)0.00 0.00 TOTAL REVENUES
Fund 204 - EDA ADMINISTRATION:
31
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 2/5Page:02/15/2024 04:17 PM
User: suems
DB: Columbia Heights PERIOD ENDING 01/31/2024
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
01/31/2024
ACTIVITY FOR
MONTH
01/31/24
ENCUMBERED
YEAR-TO-DATE
2024
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 228 - DOWNTOWN PARKING
Expenditures
Dept 6317 - DOWNTOWN PARKING
OTHER SERVICES & CHARGES
100.00 (226.57)226.57 226.57 0.00 0.00 UTILITY SERVICES228.6317.43800
100.00 (1,005.00)1,005.00 1,005.00 0.00 0.00 ELECTRIC228.6317.43810
100.00 (753.30)139.00 139.00 614.30 0.00 REPAIR & MAINT. SERVICES228.6317.44000
100.00 (1,984.87)1,370.57 1,370.57 614.30 0.00 OTHER SERVICES & CHARGES
100.00 (1,984.87)1,370.57 1,370.57 614.30 0.00 Total Dept 6317 - DOWNTOWN PARKING
100.00 (1,984.87)1,370.57 1,370.57 614.30 0.00 TOTAL EXPENDITURES
100.00 1,984.87 (1,370.57)(1,370.57)(614.30)0.00 NET OF REVENUES & EXPENDITURES
100.00 (1,984.87)1,370.57 1,370.57 614.30 0.00 TOTAL EXPENDITURES
0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES
Fund 228 - DOWNTOWN PARKING:
32
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 3/5Page:02/15/2024 04:17 PM
User: suems
DB: Columbia Heights PERIOD ENDING 01/31/2024
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
01/31/2024
ACTIVITY FOR
MONTH
01/31/24
ENCUMBERED
YEAR-TO-DATE
2024
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 372 - HUSET PARK AREA TIF (T6)
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
100.00 (14,428.78)14,428.78 14,428.78 0.00 0.00 CURRENT AD VALOREM372.0000.31010
100.00 (281,513.10)281,513.10 281,513.10 0.00 0.00 DELNQ. AD VALOREM372.0000.31020
100.00 (295,941.88)295,941.88 295,941.88 0.00 0.00 TAXES
100.00 (295,941.88)295,941.88 295,941.88 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 (295,941.88)295,941.88 295,941.88 0.00 0.00 TOTAL REVENUES
Expenditures
Dept 7000 - BONDS
CAPITAL OUTLAY
100.00 (140,000.00)140,000.00 140,000.00 0.00 0.00 PRINCIPAL372.7000.46010
100.00 (26,150.00)26,150.00 26,150.00 0.00 0.00 INTEREST372.7000.46110
100.00 (1,019.00)575.00 575.00 444.00 0.00 FISCAL AGENT CHARGES372.7000.46200
100.00 (167,169.00)166,725.00 166,725.00 444.00 0.00 CAPITAL OUTLAY
100.00 (167,169.00)166,725.00 166,725.00 444.00 0.00 Total Dept 7000 - BONDS
100.00 (167,169.00)166,725.00 166,725.00 444.00 0.00 TOTAL EXPENDITURES
100.00 (128,772.88)129,216.88 129,216.88 (444.00)0.00 NET OF REVENUES & EXPENDITURES
100.00 (167,169.00)166,725.00 166,725.00 444.00 0.00 TOTAL EXPENDITURES
100.00 (295,941.88)295,941.88 295,941.88 0.00 0.00 TOTAL REVENUES
Fund 372 - HUSET PARK AREA TIF (T6):
33
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 4/5Page:02/15/2024 04:17 PM
User: suems
DB: Columbia Heights PERIOD ENDING 01/31/2024
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
01/31/2024
ACTIVITY FOR
MONTH
01/31/24
ENCUMBERED
YEAR-TO-DATE
2024
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 392 - TIF BB2 ALATUS 40TH AV
Expenditures
Dept 7000 - BONDS
CAPITAL OUTLAY
0.00 (176.00)0.00 0.00 176.00 0.00 FISCAL AGENT CHARGES392.7000.46200
0.00 (176.00)0.00 0.00 176.00 0.00 CAPITAL OUTLAY
0.00 (176.00)0.00 0.00 176.00 0.00 Total Dept 7000 - BONDS
0.00 (176.00)0.00 0.00 176.00 0.00 TOTAL EXPENDITURES
100.00 176.00 0.00 0.00 (176.00)0.00 NET OF REVENUES & EXPENDITURES
100.00 (176.00)0.00 0.00 176.00 0.00 TOTAL EXPENDITURES
0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES
Fund 392 - TIF BB2 ALATUS 40TH AV:
34
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 5/5Page:02/15/2024 04:17 PM
User: suems
DB: Columbia Heights PERIOD ENDING 01/31/2024
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
01/31/2024
ACTIVITY FOR
MONTH
01/31/24
ENCUMBERED
YEAR-TO-DATE
2024
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 408 - EDA REDEVELOPMENT PROJECT FD
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
100.00 (5,079.18)5,079.18 5,079.18 0.00 0.00 HRA CURRENT AD VALOREM408.0000.31012
100.00 353.25 (353.25)(353.25)0.00 0.00 AREA WIDE TAX408.0000.31014
100.00 4,613.07 (4,613.07)(4,613.07)0.00 0.00 DELNQ. AD VALOREM408.0000.31020
100.00 (112.86)112.86 112.86 0.00 0.00 TAXES
100.00 (112.86)112.86 112.86 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 (112.86)112.86 112.86 0.00 0.00 TOTAL REVENUES
Expenditures
Dept 6314 - ECONOMIC DEVELOPMENT AUTH
CAPITAL OUTLAY
100.00 (15,000.00)15,000.00 15,000.00 0.00 0.00 LAND408.6314.45110
100.00 (15,000.00)15,000.00 15,000.00 0.00 0.00 CAPITAL OUTLAY
100.00 (15,000.00)15,000.00 15,000.00 0.00 0.00 Total Dept 6314 - ECONOMIC DEVELOPMENT AUTH
100.00 (15,000.00)15,000.00 15,000.00 0.00 0.00 TOTAL EXPENDITURES
100.00 14,887.14 (14,887.14)(14,887.14)0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 (15,000.00)15,000.00 15,000.00 0.00 0.00 TOTAL EXPENDITURES
100.00 (112.86)112.86 112.86 0.00 0.00 TOTAL REVENUES
Fund 408 - EDA REDEVELOPMENT PROJECT FD:
100.00 (86,029.49)87,263.79 87,263.79 (1,234.30)0.00 NET OF REVENUES & EXPENDITURES
100.00 (207,373.89)206,139.59 206,139.59 1,234.30 0.00 TOTAL EXPENDITURES - ALL FUNDS
100.00 (293,403.38)293,403.38 293,403.38 0.00 0.00 TOTAL REVENUES - ALL FUNDS
35
Item 2.
Resolution 2024-04
RESOLUTION NO. 2024-04
A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA,
APPROVING THE FINANCIAL STATEMENTS FOR THE MONTHS OF DECEMBER 2023 AND JANUARY 2024 AND
THE PAYMENT OF THE BILLS FOR THE MONTHS OF DECEMBER 2023 AND JANUARY 2024.
WHEREAS, the Columbia Heights Economic Development Authority (the “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 outstand ing liabilities; and
WHEREAS, said Statute also requires the EDA to examine the statement and treasurer's vouchers or bills and if
correct, to approve them by resolution and enter the resolution in its records; and
WHEREAS, the financial statements for the months of December 2023 and January 2024 have been reviewed
by the EDA Commission; and
WHEREAS, the EDA has examined the financial statements and finds them to be acceptable as to both form
and accuracy; and
WHEREAS, the EDA Commission has other means to verify the intent of Section 469.096, Subd. 9, including
but not limited to Comprehensive Annual Financial Reports, Annual City approved Budgets, Audits an d similar
documentation; and
WHEREAS, financial statements are held by the City’s Finance Department in a method outlined by the State
of Minnesota’s Records Retention Schedule,
NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic
Development Authority that it has examined the referenced financial statement s including the check history,
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 check history as
presented in writing is approved for payment out of proper funds; and
BE IT FURTHER RESOLVED this resolution is made as part of the permanent records of the Columbia Heights
Economic Development Authority.
ORDER OF ECONOMIC DEVELOPMENT AUTHORITY
Passed this 4th day of March 2024
Offered by:
Seconded by:
Roll Call:
President
Attest:
Secretary
36
Item 2.
ECONOMIC DEVELOPMENT AUTHORITY
AGENDA SECTION BUSINESS ITEMS
MEETING DATE 03/04/2024
ITEM:
Interfund Loan to the City for the Purchase of the Property Located at 675 37th Ave NE
DEPARTMENT: Community Development BY/DATE: Mitchell Forney, 2/28/24
BACKGROUND:
In October of 2023 Jeff Bobby and Steve’s put up for sale their lot located at 675 37 th Ave NE. Due to its
strategic positioning, the City Entered into a purchase agreement to acquire the property. The property is
strategic because it is at the heart of the redesign of the City’s Municipal Service Center (MSC). Right now, the
City is in the process of planning for the eventual redevelopment of the MSC campus. The current site plans
for this effort attempt to re-design the MSC campus without utilizing the subject property. These re-design
efforts have proven difficult, as the City desires to replace its current two-story main MSC building with a one-
story building meeting current design standards resulting in more square footage. This design change means
that the main building will have a significantly larger footprint. The need for more building space makes it
difficult to place the main building while working within the current roadway configuration that serves the
site. Several of the initial site configurations have identified the need to close the primary access street
(Madison) serving the site, thereby driving the need to acquire additional right-of-way to relocate Madison
Avenue. With the acquisition of 675 37th Avenue the City’s re-design efforts for the MSC campus will have
significantly more flexibility, and the City will not have to adjust the area roadways.
Though this project falls under the purview of the City, the City is requesting a temporary loan from the EDA to
finance the acquisition of the site. It is a regular practice for the City or the EDA to lend each other money for
projects that meet the goals of each entity. The most recent example is the loan that the EDA received from
the City to purchase the NE Bank building that eventually led to the redevelopment of the Ratio/City Hall
project.
The EDA’s Redevelopment Fund 408 holds the majority of the EDA’s remaining fund balance. The outstanding
balance on fund 408 is $1,468,000. This excludes the $310,000 earmarked for 2024’s budget. After the loan of
$950,000 fund 408 will have $518,000 remaining in the fund. The terms of the loan allow for three years of 0%
interest. The Council can pay the loan back at any point in time and can do so early if the EDA finds an urgent
need of funds. Staff estimates the proposed loan will be repaid within 3 years of the issuance date. In the
unlikely event the loan is not repaid within 3 years, interest accrues at the rate of 1% to clarify that this is a
loan and not a permanent transfer of funds to the City.
37
Item 3.
Page 2
RECOMMENDED MOTION(S):
MOTION: Move to waive the reading of Resolution 2024-05, there being ample copies available to the
public.
MOTION: Move to adopt resolution 2024-05, being a resolution approving an interfund loan from
Economic Development Authority Redevelopment Fund 408 to City Capital Improvements Fund 411.
ATTACHMENT(S):
1. Resolution 2024-05
2. Site Location Map
38
Item 3.
RESOLUTION NO. 2024-05
A RESOLUTION APPROVING AN INTERFUND LOAN FROM ECONOMIC DEVELOPMENT AUTHORITY
REDEVELOPMENT FUND 408 TO CITY CAPITAL IMPROVEMENTS FUND 4 11
Whereas, by separate action, the City of Columbia Heights seeks to acquire certain real property at 675 37th
Avenue Northeast for subsequent redevelopment within the City of Columbia Heights; and
Whereas, the City of Columbia Heights requires temporary financing for acquisition of said property; and
Whereas, the Economic Development Authority has determined that the proposed acquisition and
redevelopment are consistent with its goals and purposes, and it has sufficient resources to provide such
temporary financing; and
Whereas, the Economic Development Authority and the City agree to the following internal loan terms for this
temporary financing:
1. Principal of $950,000 will be advanced by the Economic Development Authority after the passage of
this resolution.
2. Interest accrues at zero percent per annum during the three years following the issuance date.
3. Interest accrues at one percent per annum after the three years following the issuance date.
4. All principal and accrued interest will be repaid by the City of Columbia Heights on or before the
redevelopment of the site.
NOW, THEREFORE BE IT RESOLVED, the Economic Development Authority of the City of Columbia Heights
approves an interfund loan from Economic Development Authority Redevelopment Fund 408 to City Capital
Improvements Fund 411 in the amount of $950,000.
ORDER OF ECONOMIC DEVELOPMENT AUTHORITY
Adopted this 4th day of March, 2024
Offered by:
Seconded by:
Roll Call:
President
Attest:
Secretary
39
Item 3.
Public Works
JBS Lot
³
Disclaimer: Map and parcel data a re believed to be accurate, but accuracy is not guaranteed. This is not a legal d ocument and should not be substituted for a title search, appraisal, survey, or for zo ning verification.
JBS Lot
Date: 2/2 9/20241:1,200
COLUMBIA HEIGHTS CITY OF590 4 0TH AVE NECOL HEIGHTSMN55421
Own er Information:Parce l Information:
35-3 0-24-43-0008
637 38TH AVE NE
MN
COLUMBIA HEIGHTS
55421
Anoka County GIS
MANDY MEISNER
4.97Approx. Acres:
COLUMBIA HEIGHTS ANNEX TO MINNEAPOLIS
Commissioner:
Plat:
40
Item 3.
ECONOMIC DEVELOPMENT AUTHORITY
AGENDA SECTION BUSINESS ITEMS
MEETING DATE 03/04/2024
ITEM: Façade Improvement Grant Report Royal Restoration
DEPARTMENT: Community Development BY/DATE: Mitchell Forney 03-01-2024
BACKGROUND:
This report pertains to Royal Restorations' 2024 Façade Improvement Grant application for their new location
at 3984 Central Ave NE. Royal Restoration used to be located on the corner of 40th and Central but was
required to move when the owner of 3988 Cent ral Ave NE sold the building. They were able to take over the
space of the chiropractor one building to the south. Paul Dingeman still owns the building but will be closing
his chiropractic building. Royal Restoration is looking to replace the awning on the front of the building to
reflect the change in business. Due to the color of the building, the awning will be replaced with a slightly
different shade of blue or purple. They have obtained two bids for the replacement of the awning, with the
lower of the two coming in at $9,950. At this cost, Royal Restoration is eligible for reimbursement of $4,750.
Community Development Staff recommends funding the project in full. The movement of businesses from
3988 Central has been difficult for the community, but retaining at least one of the businesses from the move
can be seen as a win. Renderings of the proposed sign and bids are included in the attached application.
This is the first Façade Improvement grant to be brought forth in 2024. If approved the EDA will have $45,250
remaining in the programs budget.
RECOMMENDED MOTION(S):
MOTION: Move to waive the reading of Resolution 2024-06, there being ample copies available to the
public.
MOTION: Move to adopt Resolution 2024-06, a resolution approving the form and substance of the façade
improvement grant agreement, and approving authority staff and officials to take all actions necessary to
enter the authority into a façade improvement grant agreement with Royal Restoration Inc.
ATTACHMENT(S):
1. Resolution 2024-06
2. Sample Façade Improvement Grant Agreement
3. Royal Restoration Application
41
Item 4.
Resolution 2024-06
RESOLUTION NO. 2024-06
A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA,
APPROVING THE FORM AND SUBSTANCE OF THE FAÇADE IMPROVEMENT GRANT AGREEMENT, AND
APPROVING AUTHORITY STAFF AND OFFICIALS TO TAKE ALL ACTIONS NECESSARY TO ENTER THE AUTHORITY
INTO FAÇADE IMPROVEMENT GRANT AGREEMENT WITH ROYAL RESTORATION INC
WHEREAS, the City of Columbia Heights (the “City”) and the Columbia Heights Economic Development
Authority (the “Authority”) have collaborated to create a certain Façade Improvement Grant Program (the
“Program”); and
WHEREAS, pursuant to guidelines established for the Program, the Authority is to award and administer a
series of grants to eligible commercial property owners and/or tenants for the purposes of revitalizing existing
store fronts, increasing business vitality and economic performance, and decreasing criminal activity along
Central Avenue Northeast, in the City’s Central Business district, pursuant to a Façade Improvement Grant
Agreement with various property owners and/or tenants; and
WHEREAS, pursuant to the Program, the City is to coordinate a surveillance camera monitoring program by
placing surveillance cameras on some of the storefronts that are part of the Program for the purposes of
improving public safety in and around the Central Business District; and
WHEREAS, the Authority has thoroughly reviewed copies of the proposed form of the Grant Agreement.
NOW, THEREFORE BE IT RESOLVED that, after appropriate examination and due consideration, the
Authority
1. approves the form and substance of the grant agreement, and approves the Authority entering into
the agreement with Royal Restoration Inc
2. that the City Manager, as the Executive Director of the Authority, is hereby authorized, empowered,
and directed for and on behalf of the Authority to enter into the grant agreement.
3. that the City Manager, as the Executive Director of the Authority, is hereby authorized and directed to
execute and take such action as they deem necessary and appropriate to carry out the purpose of the
foregoing resolution.
ORDER OF ECONOMIC DEVELOPMENT AUTHORITY
Adopted this 4th day of March, 2024
Offered by:
Seconded by:
Roll Call:
Vice President
Attest:
Secretary
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Item 4.
FAÇADE IMPROVEMENT GRANT AGREEMENT
THIS FAÇADE IMPROVEMENT GRANT AGREEMENT (“Agreement”), dated this
_____ day of ______________, 2024 (the “Effective Date”), is entered into by and between
Royal Restoration (the “Grantee”), and the Columbia Heights Economic Development
Authority (the “EDA”).
RECITALS
WHEREAS, Grantee is the tenant at certain Property located at 3984 Central Ave NE in
the City of Columbia Heights (the “City”), Anoka County, Minnesota, and legally described in
Exhibit A hereto (the “Property”);
WHEREAS, the EDA, in cooperation with the City and its police department, has
instituted a Façade Improvement Grant Program (the “Program”) for the purpose of revitalizing
existing store fronts, increasing business vitality and economic performance, and decreasing
criminal activity;
WHEREAS, as part of the Program, the EDA has proposed to make grants of money in
the maximum amount of $5,000.00 per parcel of real property, to property owners, tenants, or
nonprofit organizations, in order to revitalize, rehabilitate, and restore exterior store fronts within
the Central Business District in the City (the “CBD”), increase business vitality and economic
performance in the CBD, and in certain instances, to provide monitored surveillance within the
CBD; and
WHEREAS, Grantee desires to participate in the Program, on the terms and conditions
set forth below.
NOW, THEREFORE, in consideration of the premises and of the agreements hereinafter
contained, the parties agree as follows:
1. Property Improvements: Grantee agrees to complete the improvements at the
Property that are identified on Exhibit B attached hereto (the “Improvements”),
subject to the following terms and conditions:
a. If requested by the EDA, Grantee shall provide plans and specifications to the
EDA, detailing the Improvements to be constructed (the “Plans”). If Grantee
wishes to revise the Plans, Grantee must submit the revised Plans to the EDA
at the address provided herein. The EDA shall give written notice of its
approval or disapproval of the revisions to the Plans, and if the EDA does not
give such written approval or disapproval within ten (10) business days after
receipt of Grantee’s revised Plans, the EDA shall be deemed to have approved
the revisions to the Plans.
b. The Improvement shall be constructed consistently with the Plans, as the same
may be revised pursuant to Section 1(a) herein. The cost to complete
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2
construction of the Improvements shall be defined as the “Improvement
Costs.” The Improvements shall be completed in a first-class manner,
consistent with the Plans, if any, and in compliance with all applicable laws,
rules, and regulations. Grantee shall obtain all required permits and approvals
from the City and any other governing authority with jurisdiction over the
Property related to the construction of the Improvements. The out-of-pocket
costs for such permitting and approvals shall be the responsibility of Grantee,
provided the same shall be included in the definition of “Improvement Costs,”
and subject to the provisions of Section 2 of this Agreement.
c. Grantee agrees to commence the Improvements within sixty (60) days
following the Effective Date, and to complete the Improvements within six (6)
months following the issuance of all necessary building permits, but in no
event later than eight (8) months following the Effective Date.
2. Payment of Grant Funds: Grantee shall be responsible for making initial payment to
all contractors involved in the construction of the Improvements. Upon final
completion of the Improvements, Grantee shall make a written request to the EDA for
reimbursement of one-half (1/2) of the actual Improvement Costs incurred by
Grantee, but in no event shall the reimbursement exceed Five Thousand Dollars
($5,000.00). The written request shall include:
a. Proof of final inspection of the Improvements by the City building inspector;
b. Before and after photographs of the Property, reflecting the Improvements
made (as well as follow-up transmission of electronic files of such
photographs), and reflecting that the Improvements were completed
consistently with any approved Plans;
c. A copy of the final invoice(s) received from the contractor(s) who completed
the Improvements; and
d. Proof of payment of invoice(s) that comprised the Improvement Costs.
Following Grantee’s written request for reimbursement, Grantee shall cooperate with
the EDA in delivering to the EDA such follow-up information as is reasonably
requested by the EDA in order to review the Improvements and Improvement Costs
reimbursement request. Within twenty-one (21) days following receipt of Grantee’s
written request for reimbursement of Improvement Costs, the EDA shall: (i) make
payment of the reimbursement, (ii) send Grantee written explanation of such other
items of information as are needed by the EDA to evaluate the reimbursement
request, or (iii) send Grantee written explanation of the EDA’s reasons for denial of
repayment of any of Grantee’s requested reimbursement.
3. Liability for Improvements: Neither the City nor the EDA shall in any event be liable
to the Grantee, nor to any of its agents, employees, guests or invitees at the Property
for, and the Grantee shall indemnify, save, defend, and hold harmless the City and the
EDA from, any claims or causes of action, including attorney’s fees incurred by the
City or the EDA, arising from defect or claimed defect of any of the Improvements,
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Item 4.
3
or arising from any action of the City or the EDA under this Agreement. This section
shall survive the termination or expiration of this Agreement.
4. Written Notice: Wherever any notice is required or permitted hereunder, such notice
shall be in writing. Any notice or document required or permitted to be delivered
hereunder shall be deemed to be delivered when actually received by the designated
addressee or regardless of whether actually received or not, when deposited in the
United States Mail, postage prepaid, certified mail, return receipt requested,
addressed to the parties hereto at their respective addresses, as set forth below, or at
such other address as they may subsequently specify by written notice.
If to the EDA:
Columbia Heights EDA
Community Development Department
590 40th Avenue N.E.
Columbia Heights, MN 55421
If to Grantee:
Royal Restoration Inc
Attn: Steve Gahm
3984 Central Ave NE
Columbia Heights, MN 55421
5. Captions; Choice of Law; Etc. The paragraph headings or captions appearing in this
Agreement are for convenience only, are not a part of this Agreement, and are not to
be considered in interpreting this Agreement. This Agreement constitutes the
complete agreement between the parties and supersedes any prior oral or written
agreements between the parties regarding the subject matter contained herein. There
are no verbal agreements that change this Agreement. This Agreement binds and
benefits the parties hereto and their successors and assigns. This Agreement has been
made under the laws of the State of Minnesota, and such laws will control its
interpretation.
[Signatures to Appear on Following Page]
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Item 4.
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IN WITNESS WHEREOF, Grantee and the EDA have signed this Agreement as of the day
and year first above written.
GRANTEE: Royal Restoration Inc
By:____________________________
Name: _________________________
Its:____________________________
Date:__________________________
EDA: COLUMBIA HEIGHTS ECONOMIC
DEVELOPMENT AUTHORITY
By:
Name: _________________________
Its:____________________________
Date:__________________________
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Item 4.
5
EXHIBIT A
LEGAL DESCRIPTION OF PROPERTY
COLUMBIA HEIGHTS ANNEX TO MINNEAPOLIS,ANOKA COUNTY, MINNESOTA
LOT 3 BLK 62 COL HTS ANNEX
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6
EXHIBIT B
PROPERTY IMPROVEMENTS SUBJECT TO 50% REIMBURSEMENT
This attachment contains a summary of the project identified in the application for the Façade
Improvement Grant Program. The Summary reflects the Grantee’s proposed project as approved
by the EDA on March 4th, 2024 and may reflect minor changes to the total cost and minor
changes in the proposed project that occurred subsequent to application submission. The
application is incorporated into this grant agreement by reference and is made a part of this grant
agreement as follows. If the application or any provision in this application conflicts with or is
inconsistent with other provisions of this agreement or the project summary contained in this
Attachment B, the terms and descriptions contained in this grant agreement and the project
summary shall prevail.
Project summary: Build and Replace the existing awning with a new one that contains internal
lighting, $9,950.
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INSERT BOARD OR COMMISSION NAME
AGENDA SECTION BUSINESS ITEMS
MEETING DATE 03/04/2024
ITEM: EDA Priorities and Goals Discussion 2024
DEPARTMENT: Community Development BY/DATE: Mitchell Forney, 03-01-2024
BACKGROUND:
With the EDA’s new commissioner seated and new programs being considered for housing initiatives, staff
wanted to sit down with the commission and talk about goals and priorities moving forward. The below items
are meant to inform the discussion, staff will bring their thoughts and present them at the EDA meeting.
What is the EDA Currently Doing:
Currently the EDA Budgets $310,000 per year for the following three programs:
Façade improvement grant program:
The Façade Improvement Grant program offers grants of 50% of a projects cost up to $5,000 for Façade
improvements to commercial buildings. Currently the EDA Budgets $50,000 for the program which includes
the installation of cameras on participating businesses. Over the life of the program the EDA has averaged
approximately 4 grants per year. The largest expenditure of the program is the installation of cameras at
various businesses. In 2023 the EDA paid just over $32,000 dollars to place cameras on 5 separate businesses.
Fire Suppression Grant Program:
The Fire Suppression Grant program offers grants of 50% of the project cost up to $30,000 for fire suppression
upgrades. The EDA currently budgets $60,000 per year and utilizes both available grants. Staff have also had a
lot of interest from businesses at the start of 2024. On average it costs a business approximately $80,000 to
run a water line to the building and build out the fire suppression system. Of the course of the program, the
City has released three Fire Suppression grants totaling $104,436.
Commercial Revitalization Program:
The commercial Revitalization Program is a wide-ranging program that has been tailored to acquire legally
non-conforming single-family properties that are zoned commercially. While there is no specific program
language, the EDA has budgetary requirements on the fund. These requirements allow for the EDA to utilize
the funds for the purchase and redevelopment of commercially non-compliant properties. In the past couple
of years this funding has been utilized to purchase a multitude of properties along Central Ave for future
redevelopment. The EDA funds this initiative at $200,000 per year.
The EDA also utilizes the Anoka County HRA Levy to fund various projects and initiatives as opportunities
present themselves. The fund currently has $147,585.
What new programs will be starting this year:
With the formation and receipt of the Metropolitan Affordable Housing Sales Tax, the City will be receiving
approximately $260,000 per year in funds to be spent on affordable housing initiatives. To begin the utilization
of the funds the City will be establishing an Affordable Home Improvement Loan and NOAH Preservation
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Item 5.
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Program. The remaining funds will be utilized for a variety of partnerships and initiatives as opportunities
present themselves.
Goals from the council:
In 2023 The City Council went through an in-depth goal setting session Below are the items and highlights that
pertain to the EDA’s purview.
- Thriving and Vibrant Destination Community
a. Flourishing business districts, restaurants, and entertainment .
b. Redevelopment to meet community needs.
c. Stable/rising property values.
d. Revitalize existing housing.
e. Recognize and support small businesses and incubators.
f. Attainable housing for all stages of life.
g. Promoting public art and supporting artists.
h. Welcomed, engaged, and connected rental community.
What others are doing:
Staff looked through all the similar size or slightly larger cities within the metropolitan area and found the
following city run grant programs. During this research staff found a large amount of state and nonprofit
programs that will be added to the Cty’s website moving forward.
West St. Paul has a Façade Grant similar to Columbia Heights’s with grants up to $10,000 .
Bloomington offers a Sewer Availability Charge Grant to assist business moving to the community.
Anoka offers a fire suppression grant program with grants of $1-$3.50 per sq ft.
Blaine offers a fire suppression grant program along with a small business improvement loan program. Which
aims to increase tax base, improve blighted properties, increase employment, and bring properties into
conformance with existing city and state codes.
Brooklyn Center offers three major programs. First, they offer a revolving loan program for facades, build outs,
capital purchases, or construction. Loans have a fixed 2% interest rate and have a minimum of $5,000 and
Maximum of $100,000. Second, they offer a small business micro-loan to be used for working capital,
inventory, equipment, and general operations, with loan amounts up to $50,000. Last, they offer both Sewer
Availability Charge deferral and reduction programs.
Brooklyn Park Offers: A Microbusiness Loan Program which funds loans ranging from $1,000 to $10,000 for
small businesses. This program is meant to help businesses fund critical projects and build business credit and
payment history. A Real Estate Equipment Loan Fund which provides loans from $50,000 to $300,000 for
businesses seeking financing for equipment, working capital, and more. Last, a Sewer Availability and Water
Access Charge Deferral Program which allows eligible businesses and property owners to pay the costs of up
to 10 SAC and 10 WAC over 5 years at 3% interest.
Coon Rapids offers two city run programs. The Coon Rapids Commercial/Industrial Loan Fund lends money for
land, building, machinery, or equipment. The loans offered must be 50% of project cost up to $200,000. The 62
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second program they offer is the Coon Rapids Commercial Fix up Fund which targets exterior building
improvements and site improvements. This is funded in the form of a loan of up to $150,000.
The goal of this session is to sit down with the EDA and get a feel for the priorities of the commission. While
not specifically a goal setting session staff want to get an understanding of the EDA’s priorities and discuss
potential new initiatives for staff to pursue.
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