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HomeMy WebLinkAbout11-04-2024 EDA Packet ECONOMIC DEVELOPMENT AUTHORITY City Hall—Shared Vision Room, 3989 Central Ave NE Monday, November 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 257 619 060 143 and passcode Q9LWRM. For questions, please call the Community Development Department at 763-706-3670. 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. CALL TO ORDER/ROLL CALL PLEDGE OF ALLEGIANCE CONSENT AGENDA 1. Approve October 7th, 2024, Regular EDA Meeting Minutes (pg. 3) 2. Approve the Financial Reports and Payment of the Bills for September 2024 (pg. 10) MOTION: Move to approve the Consent Agenda as presented. BUSINESS ITEMS 3. Façade Improvement Grant Report for Quincy Raven Commercial located at 4030 Central Ave (pg. 24) MOTION: Move to waive the reading of Resolution 2024-27, there being ample copies available to the public. MOTION: Move to adopt Resolution 2024-27, 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 the owner of Quincy Raven Commercial Properties LLC. 4. Reuter Walton Development Discussion (pg. 44) BUSINESS UPDATES ADJOURNMENT 1 City of Columbia Heights AGENDA November 04, 2024 Economic Development Authority Page 2 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. 2 ECONOMIC DEVELOPMENT AUTHORITY City Hall—Council Chambers, 3989 Central Ave NE Monday, October 07 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; Amada Márquez-Simula; Justice Spriggs; Marlaine Szurek; Lamin Dibba Staff Present: Mitchell Forney, Community Development Director; Aaron Chirpich, City Manager; Sarah LaVoie, Administrative Assistant; Emilie Voight, Community Development Coordinator PLEDGE OF ALLEGIANCE Forney introduced Emilie Voight who is the new Community Development Coordinator. Voight explained that she grew up in the south suburbs of the Twin Cities. She has experience in non-profit academic sectors, and local government. Szurek asked Voight what she would be doing in her position. Voight replied that she would be taking over some projects from Forney. Forney added that Voight would be taking over his old position and handling most everything with the EDA. CONSENT AGENDA 1. Approve the minutes of the regular EDA Meeting of September 3, 2024. 2. Approve financial reports and payment of bills for August 2024 – Resolution No. 2024-24 Motion by Jacobs, seconded by Márquez-Simula, to approve the Consent Agenda as presented. All ayes of present. MOTION PASSED. RESOLUTION NO. 2024-24 A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA, APPROVING THE FINANCIAL STATEMENTS FOR THE MONTH OF AUGUST 2024 AND THE PAYMENT OF THE BILLS FOR THE MONTH OF AUGUST 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 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 month of August 2024 have been reviewed by the EDA 3 Item 1. City of Columbia Heights MINUTES October 07, 2024 EDA Meeting Page 2 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 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 7th day of October, 2024 Offered by: Connie Buesgens Seconded by: Amada Marquez-Simula Roll Call: All ayes of present. MOTION PASSED. President Attest: Secretary BUSINESS ITEMS 3. Façade Improvement Grant Report for Klash Drums located at 3988 Central Ave Forney reported the property/business owner is applying for the façade improvement grant to refurbish its wall sign and replace two vinyl awnings, one on 40th Ave and one on Central. A rendering of the proposed panel sign replacement has been included in the packet. The owner was able to receive one bid. In an attempt to reuse the current signage structures, the property owner sought a bid from the original installer. The bid came in at $7,141, which sets them up for a grant amount of $3,571. Community Development Staff recommend funding the project in full as it is a great re-use of existing signage and improves on the current conditions to reflect the new business 4 Item 1. City of Columbia Heights MINUTES October 07, 2024 EDA Meeting Page 3 at this location. Klash has been in operation since approximately June but has yet to update its signage to reflect the new business. The EDA has approved 7 façade improvement grant applications, approving $34,244 this year with $3,571 being asked for during the meeting. This leaves $12,185 in Façade Improvement Grant funds for the remainder of the year. Questions/Comments from Members: Szurek asked what the awnings looked like. Forney replied that the awnings would look similar to what is there now. The business is still working on figuring out what the logo will look like. Szurek asked if the long awning on the west would be replaced as well. Forney replied that he did not believe it was going to be replaced. Motion by Buesgens, seconded by Márquez-Simula, to waive the reading of Resolution No. 2024-25, there being ample copies available to the public. All ayes of present. MOTION PASSED. Motion by Buesgens, seconded by Márquez-Simula, to approve Resolution No. 2024-25, a Resolution of the Columbia Heights Economic Development Authority, 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 the owner of Klash Drums. All ayes of present. MOTION PASSED. RESOLUTION NO. 2024-25 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 A FAÇADE IMPROVEMENT GRANT AGREEMENT WITH KTJ PROPERTY LLC 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 Business districts, 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. 5 Item 1. City of Columbia Heights MINUTES October 07, 2024 EDA Meeting Page 4 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 KTJ Property LLC 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 Passed this 7th day of October, 2024 Offered by: Rachel James Seconded by: Justice Spriggs Roll Call: All ayes of present. MOTION PASSED. President Attest: Secretary 4. Approval of Demolition Contract for 4416 Central Ave Forney reported earlier this year, the EDA purchased the property located at 4416 Central Ave to hold the site for redevelopment. In July the EDA partnered with the nonprofit Better Futures to deconstruct the garage and various finishes within the home. At first, the Fire Department had expressed its interest in utilizing the property for a training burn. After further review , the fire department decided that the home was too close to the neighboring property to conduct a burn without possible damaging the other home. The fire department will still utilize the home for training as the EDA prepares it for demolition. Forney mentioned that Staff prepared bid sheets and submitted bid requests to several contractors and received six bids. To make the project easier to bid on, the EDA had taken on the environmental testing and removal of all personal items and hazardous materials from the build ing. As part of the demolition bid, the contractor is responsible for the removal of all outbuildings and site improvements on the property. This also includes the removal and capping of the water and sewer lines at the property line to prepare the site for redevelopment. Staff recommend awarding the project to the low bidder Nitti Rolloff Services for $21,296.50. Questions/Comments from Members: Márquez-Simula expressed her appreciation that there was not a burn at the building since it is not 6 Item 1. City of Columbia Heights MINUTES October 07, 2024 EDA Meeting Page 5 as good for the environment. She explained she sees the use for the Fire Department and would still like to do a burn once a year for their training. Szurek asked if the house was in bad condition. Forney replied that the property owner passed away and the family was looking to get rid of the house. The house had not been updated so it was old on the inside. Buesgens asked how old the house was. Forney replied he believed it was in the 1960s. Chirpich added that it is consistent with the commercial revitalization goals of removing a home from the Central Avenue corridor. Forney mentioned that the Communications Department did an amazing job on a video with Better Futures and recommended that the EDA check it out. Szurek asked if they were able to recycle any items from the home. Forney replied that all the items in the garage were recycled, including the doors, and wood. James asked which trees were identified as being saved. Forney replied that any tree that is heavily grown on the fence will have to be removed. The City works with the City Forester on any trees that could potentially be saved. The City Forester ultimately decides which ones can be saved. Dibba asked if only the Central Avenue homes were part of the commercial revitalization goal or if the goal was to go deeper past Central Avenue. Forney replied that the program is only for commercially zoned property that single-family homes are on. At this point, it is only properties that border Central Avenue. Márquez-Simula explained there were a couple of properties on 44th Avenue that were in the development so the City decided to purchase them. Forney mentioned that the EDA provided the guidelines for the program, so if they wanted to look outside of properties that are outside of the program, it could be changed. Motion by James, seconded by Spriggs, to accept the proposal from Nitti Rolloff Services, in the amount of $21,296.5 for the demolition of all buildings and site improvements, the cutting and capping of all utilities at the property line, and the regrading of the lot located at 4416 Central Ave NE; and furthermore, to authorize the President and Executive Director to enter into an agreement for the same. All ayes of present. MOTION PASSED. BUSINESS UPDATES Forney explained that he has an update on the two properties that the City owns on 4833 and 4827. Both properties were acquired through the commercial revitalization program about four to five years ago. The owner of Alpine Diversified Services owns the corner lot and the home next to it. He runs a fire safety business out of the property. The business is doing well and they are looking for more space. They have space for three people to office out of the property but they have five people who are employed. They are interested in purchasing the two properties from the EDA to make it into a commercial building that would house their business. They would be interested in selling their current property to the EDA to purchase the properties owned by the EDA. Staff are looking for general ideas from the commission. The two lots would need to be combined as one and they would need to start 7 Item 1. City of Columbia Heights MINUTES October 07, 2024 EDA Meeting Page 6 looking at developing a building plan. After that, negotiations with the EDA would begin. Forney noted that it would create a lot of work but it would be a retention effort to keep a small business in the City. It would give the EDA an opportunity to continue the commercial revitalization program and improve the corner. Buesgens noted that it would save the current property owners some money by purchasing the properties from the City. She added that she is fine with it but it would cost the City some money to demolish the property. She mentioned that she would like to discuss the parking lot with cars on it. Szurek asked what the cars were for. Buesgens replied that it looked like it was for the business next door, but there seemed to be more cars than were needed there. Forney added that many auto shops will hold onto a lot of cars. Buesgens asked if a fire truck could get into the parking lot. Forney replied that he did not think so. Márquez-Simula mentioned that she is in favor of selling the property. James agreed. She asked if the deal would be contingent on the City purchasing their property, or if the current property owner could purchase the property owned by the City and sell their own properties. Forney replied that it was not contingent, but was an idea that Staff had. Szurek asked if there was an idea of the value of the two vacant lots. Forney replied that there is an estimated market value from the County, but Staff would do research to see what the lots were going for. It was noted that 4833 is listed at under $70,000 and 4827 at $71,000. Forney explained that Staff would engage with the property owner, lay out some next steps, and bring the ideas to the EDA Buesgens asked if the City would consider putting pollinator turf on properties that have been purchased by the City so that the property did not have to be mowed as often. Forney replied that he did not see why the City could not do that since it would save the City resources. Szurek noted that they would need to be careful about what they decide to grow on the properties so it does not look like weeds are growing. Márquez-Simula mentioned that there could be signage that indicates that it is a pollinator garden and mow a few feet from the sidewalk so it looks clean. Forney stated he would add that as a thing the EDA does in the future. Szurek asked if there was an update on the Rainbow site. Chirpich replied that there is no new news. The outlook for securing financing for phase one is still intact. The City is still working with two grocery store potential partners. The expectation is to break ground in the spring of 2025. Jacobs asked if the project would continue to get delayed. Chirpich replied that everyone involved understands the financial need and that the City bonded for the demolition and to acquire the site. Chirpich added that there are discussions that are happening weekly. Interest rates are expected in the future. Dibba asked if there was an update on the Medtronic site. Chirpich replied that there was no 8 Item 1. City of Columbia Heights MINUTES October 07, 2024 EDA Meeting Page 7 significant news other than there being interest from other developers than the original interest. However, there is nothing serious. The project currently sits within a qualified census tract designated by the federal government for low income. It would be a better rate for housing tax credits for affordable housing. In 2025 it will no longer be a qualified census tract. Therefore, the City is not in a huge rush. ADJOURNMENT Motion by Buesgens, seconded by Dibba, to adjourn the meeting at 5:36 pm. All ayes. MOTION PASSED. Respectfully submitted, _______________________________ Sarah LaVoie, Recording Secretary 9 Item 1. Resolution 2024-26 RESOLUTION NO. 2024-26 A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA, APPROVING THE FINANCIAL STATEMENTS FOR THE MONTH OF SEPTEMBER 2024 AND THE PAYMENT OF THE BILLS FOR THE MONTH OF SEPTEMBER 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 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 month of September 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 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 4th day of November 2024 Offered by: Seconded by: Roll Call: President Attest: Secretary 10 Item 2. AmountInvoiceInvoice DateVendorInvoice Line DescGL Number INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 1/2Page:10/15/2024 03:23 PM User: suems DB: Columbia Heights EXP CHECK RUN DATES 09/01/2024 - 09/30/2024 BOTH JOURNALIZED AND UNJOURNALIZED PAID Check 1503 3,497.50 INV161508/19/24BETTER FUTURES MNDECONSTRUCTION WORK 3851 CENTRAL AVE 408.6414.43050 3,497.50 Total For Check 1503 Check 200261 2,500.00 1011608/29/24DENNIS ENVIRONMENTAL OPERATIONSHAZARDOUS MATERIAL REMOVAL 4416 CENTRAL 408.6414.43050 2,500.00 Total For Check 200261 Check 200290 65,925.00 6253408/23/24NITTI ROLLOFF SERVICES INCDEMOLITION 941 44TH AVE, 3951-3953 CNTRL408.6414.43050 65,925.00 Total For Check 200290 Check 200294 13.78 99284698008/31/24POPP.COM INC083124 -10010429 COM DEV ADMINISTRATION204.6314.43210 13.78 Total For Check 200294 Check 200303 1,396.00 8-VB08/29/24RTD POWER WASHING, INCSWEEPING - VAN BUREN RAMP228.6317.44000 1,396.00 Total For Check 200303 Check 200371 265.00 2024031009/10/24NORTH ANOKA PLUMBINGSTORM DRAIN CLEANING & JETTING228.6317.44000 265.00 Total For Check 200371 Check 200423 24.30 21819718009/15/24COMCAST091524 934571297 COMM DEV ADMIN (2.3%)204.6314.43250 24.30 Total For Check 200423 11 Item 2. AmountInvoiceInvoice DateVendorInvoice Line DescGL Number INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 2/2Page:10/15/2024 03:23 PM User: suems DB: Columbia Heights EXP CHECK RUN DATES 09/01/2024 - 09/30/2024 BOTH JOURNALIZED AND UNJOURNALIZED PAID 38.08 Fund 204 EDA ADMINISTRATION 1,661.00 Fund 228 DOWNTOWN PARKING 71,922.50 Fund 408 EDA REDEVELOPMENT PROJECT FD Fund Totals: 71,922.50 DECONSTRUCTION WORK 3851 CENTRAL AVE 408.6414.43050 1,661.00 STORM DRAIN CLEANING & JETTING228.6317.44000 24.30 091524 934571297 COMM DEV ADMIN (2.3%)204.6314.43250 13.78 083124 -10010429 COM DEV ADMINISTRATION204.6314.43210 --- TOTALS BY GL DISTRIBUTION --- 73,621.58 Total For All Funds: 12 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 1/11Page:10/15/2024 03:22 PM User: suems DB: Columbia Heights PERIOD ENDING 09/30/2024 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 09/30/2024 ACTIVITY FOR MONTH 09/30/24 ENCUMBERED YEAR-TO-DATE 2024 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 202 - ANOKA CO COMM DEV PROGRAMS Expenditures Dept 6355 - ANOKA CO HRA LEVY PROJECTS OTHER SERVICES & CHARGES 100.00 (1,231.00)1,231.00 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.202.6355.43050 100.00 (1,231.00)1,231.00 0.00 0.00 0.00 OTHER SERVICES & CHARGES 100.00 (1,231.00)1,231.00 0.00 0.00 0.00 Total Dept 6355 - ANOKA CO HRA LEVY PROJECTS 100.00 (1,231.00)1,231.00 0.00 0.00 0.00 TOTAL EXPENDITURES 100.00 1,231.00 (1,231.00)0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES 100.00 (1,231.00)1,231.00 0.00 0.00 0.00 TOTAL EXPENDITURES 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES Fund 202 - ANOKA CO COMM DEV PROGRAMS: 13 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 2/11Page:10/15/2024 03:22 PM User: suems DB: Columbia Heights PERIOD ENDING 09/30/2024 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 09/30/2024 ACTIVITY FOR MONTH 09/30/24 ENCUMBERED YEAR-TO-DATE 2024 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 204 - EDA ADMINISTRATION Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 58.19 91,975.43 128,024.57 0.00 0.00 220,000.00 EDA CURRENT AD VALOREM204.0000.31011 32.31 60,916.59 29,083.41 0.00 0.00 90,000.00 AREA WIDE TAX204.0000.31014 100.00 1,579.24 (1,579.24)0.00 0.00 0.00 DELNQ. AD VALOREM204.0000.31020 100.00 (23.16)23.16 0.00 0.00 0.00 PAYMENT IN LIEU OF TAXES204.0000.31800 100.00 112.86 (112.86)0.00 0.00 0.00 PENALTIES & INTEREST204.0000.31910 50.14 154,560.96 155,439.04 0.00 0.00 310,000.00 TAXES CHARGES FOR SERVICES 100.00 (30.00)30.00 0.00 0.00 0.00 ADMINISTRATIVE FEES204.0000.34112 100.00 (30.00)30.00 0.00 0.00 0.00 CHARGES FOR SERVICES MISCELLANEOUS 0.00 3,700.00 0.00 0.00 0.00 3,700.00 INTEREST ON INVESTMENTS204.0000.36210 0.00 3,700.00 0.00 0.00 0.00 3,700.00 MISCELLANEOUS 49.56 158,230.96 155,469.04 0.00 0.00 313,700.00 Total Dept 0000 - NON-DEPARTMENTAL 49.56 158,230.96 155,469.04 0.00 0.00 313,700.00 TOTAL REVENUES Expenditures Dept 6314 - ECONOMIC DEVELOPMENT AUTH OTHER SERVICES & CHARGES 100.00 (2,835.00)2,835.00 0.00 0.00 0.00 ATTORNEY FEES-OTHER204.6314.43045 217.08 (2,927.00)5,052.00 171.25 375.00 2,500.00 EXPERT & PROFESSIONAL SERV.204.6314.43050 23.33 2,300.00 700.00 0.00 0.00 3,000.00 TRAINING & EDUCATION ACTIVITIES204.6314.43105 120.84 (145.86)700.66 62.57 145.20 700.00 TELEPHONE204.6314.43210 226.45 (632.27)1,132.27 0.00 0.00 500.00 POSTAGE204.6314.43220 73.59 105.64 294.36 24.30 0.00 400.00 OTHER TELECOMMUNICATIONS204.6314.43250 0.00 200.00 0.00 0.00 0.00 200.00 LOCAL TRAVEL EXPENSE204.6314.43310 0.00 1,500.00 0.00 0.00 0.00 1,500.00 OUT OF TOWN TRAVEL EXPENSE204.6314.43320 0.00 200.00 0.00 0.00 0.00 200.00 LEGAL NOTICE PUBLISHING204.6314.43500 75.00 799.97 2,400.03 266.67 0.00 3,200.00 PROP & LIAB INSURANCE204.6314.43600 0.00 500.00 0.00 0.00 0.00 500.00 REPAIR & MAINT. SERVICES204.6314.44000 97.20 30.80 1,069.20 0.00 0.00 1,100.00 SOFTWARE & SOFTWARE SUBSCRIPTIONS204.6314.44030 75.00 2,275.03 6,824.97 758.33 0.00 9,100.00 INFORMATION SYS:INTERNAL SVC204.6314.44040 75.00 125.00 375.00 0.00 0.00 500.00 SUBSCRIPTION, MEMBERSHIP204.6314.44330 0.00 700.00 0.00 0.00 0.00 700.00 COMMISSION & BOARDS204.6314.44380 100.00 (485.00)485.00 0.00 0.00 0.00 LOANS & GRANTS204.6314.44600 92.90 1,711.31 21,868.49 1,283.12 520.20 24,100.00 OTHER SERVICES & CHARGES PERSONNEL SERVICES 63.50 74,382.36 129,417.64 8,342.55 0.00 203,800.00 REGULAR EMPLOYEES204.6314.41010 64.23 5,472.33 9,827.67 571.50 0.00 15,300.00 P.E.R.A. CONTRIBUTION204.6314.41210 67.64 5,112.43 10,687.57 627.25 0.00 15,800.00 F.I.C.A. CONTRIBUTION204.6314.41220 58.75 9,653.43 13,746.57 215.71 0.00 23,400.00 INSURANCE204.6314.41300 45.82 866.92 733.08 29.20 0.00 1,600.00 WORKERS COMP INSURANCE PREM204.6314.41510 63.26 95,487.47 164,412.53 9,786.21 0.00 259,900.00 PERSONNEL SERVICES 14 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 3/11Page:10/15/2024 03:22 PM User: suems DB: Columbia Heights PERIOD ENDING 09/30/2024 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 09/30/2024 ACTIVITY FOR MONTH 09/30/24 ENCUMBERED YEAR-TO-DATE 2024 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 204 - EDA ADMINISTRATION Expenditures SUPPLIES 61.25 77.50 122.50 0.00 0.00 200.00 OFFICE SUPPLIES204.6314.42000 0.00 200.00 0.00 0.00 0.00 200.00 MINOR EQUIPMENT204.6314.42010 18.85 162.31 37.69 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 20.02 639.81 160.19 0.00 0.00 800.00 SUPPLIES CONTINGENCIES & TRANSFERS 75.00 7,225.03 21,674.97 2,408.33 0.00 28,900.00 OPER. TRANSFER OUT - LABOR204.6314.47100 75.00 7,225.03 21,674.97 2,408.33 0.00 28,900.00 CONTINGENCIES & TRANSFERS 66.51 105,063.62 208,116.18 13,477.66 520.20 313,700.00 Total Dept 6314 - ECONOMIC DEVELOPMENT AUTH 66.51 105,063.62 208,116.18 13,477.66 520.20 313,700.00 TOTAL EXPENDITURES 100.00 53,167.34 (52,647.14)(13,477.66)(520.20)0.00 NET OF REVENUES & EXPENDITURES 66.51 105,063.62 208,116.18 13,477.66 520.20 313,700.00 TOTAL EXPENDITURES 49.56 158,230.96 155,469.04 0.00 0.00 313,700.00 TOTAL REVENUES Fund 204 - EDA ADMINISTRATION: 15 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 4/11Page:10/15/2024 03:22 PM User: suems DB: Columbia Heights PERIOD ENDING 09/30/2024 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 09/30/2024 ACTIVITY FOR MONTH 09/30/24 ENCUMBERED YEAR-TO-DATE 2024 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 228 - DOWNTOWN PARKING Revenues Dept 0000 - NON-DEPARTMENTAL TRANSFERS & NON-REV RECEIPTS 0.00 56,600.00 0.00 0.00 0.00 56,600.00 TRANSFER IN-SPECIAL PROJ REV228.0000.39247 0.00 56,600.00 0.00 0.00 0.00 56,600.00 TRANSFERS & NON-REV RECEIPTS 0.00 56,600.00 0.00 0.00 0.00 56,600.00 Total Dept 0000 - NON-DEPARTMENTAL 0.00 56,600.00 0.00 0.00 0.00 56,600.00 TOTAL REVENUES Expenditures Dept 6317 - DOWNTOWN PARKING OTHER SERVICES & CHARGES 75.00 775.03 2,324.97 258.33 0.00 3,100.00 PROP & LIAB INSURANCE228.6317.43600 73.92 521.69 1,478.31 260.07 0.00 2,000.00 UTILITY SERVICES228.6317.43800 51.32 6,328.89 6,671.11 662.71 0.00 13,000.00 ELECTRIC228.6317.43810 27.56 25,354.77 9,030.93 265.00 614.30 35,000.00 REPAIR & MAINT. SERVICES228.6317.44000 0.00 2,000.00 0.00 0.00 0.00 2,000.00 BLDG MAINT CONTRACTUAL SERVICES228.6317.44020 36.51 34,980.38 19,505.32 1,446.11 614.30 55,100.00 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 (15.93)15.93 0.00 0.00 0.00 GENERAL SUPPLIES228.6317.42171 100.00 (15.93)15.93 0.00 0.00 0.00 SUPPLIES 35.58 36,464.45 19,521.25 1,446.11 614.30 56,600.00 Total Dept 6317 - DOWNTOWN PARKING 35.58 36,464.45 19,521.25 1,446.11 614.30 56,600.00 TOTAL EXPENDITURES 100.00 20,135.55 (19,521.25)(1,446.11)(614.30)0.00 NET OF REVENUES & EXPENDITURES 35.58 36,464.45 19,521.25 1,446.11 614.30 56,600.00 TOTAL EXPENDITURES 0.00 56,600.00 0.00 0.00 0.00 56,600.00 TOTAL REVENUES Fund 228 - DOWNTOWN PARKING: 16 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 5/11Page:10/15/2024 03:22 PM User: suems DB: Columbia Heights PERIOD ENDING 09/30/2024 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 09/30/2024 ACTIVITY FOR MONTH 09/30/24 ENCUMBERED YEAR-TO-DATE 2024 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 372 - HUSET PARK AREA TIF (T6) Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 56.91 366,278.03 483,721.97 0.00 0.00 850,000.00 CURRENT AD VALOREM372.0000.31010 100.00 (284,673.50)284,673.50 0.00 0.00 0.00 DELNQ. AD VALOREM372.0000.31020 90.40 81,604.53 768,395.47 0.00 0.00 850,000.00 TAXES MISCELLANEOUS 0.00 5,000.00 0.00 0.00 0.00 5,000.00 INTEREST ON INVESTMENTS372.0000.36210 0.00 5,000.00 0.00 0.00 0.00 5,000.00 MISCELLANEOUS 89.87 86,604.53 768,395.47 0.00 0.00 855,000.00 Total Dept 0000 - NON-DEPARTMENTAL 89.87 86,604.53 768,395.47 0.00 0.00 855,000.00 TOTAL REVENUES Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 68.85 171,310.01 378,689.99 0.00 0.00 550,000.00 LOANS & GRANTS372.7000.44600 68.85 171,310.01 378,689.99 0.00 0.00 550,000.00 OTHER SERVICES & CHARGES CAPITAL OUTLAY 100.00 0.00 140,000.00 0.00 0.00 140,000.00 PRINCIPAL372.7000.46010 100.00 0.00 50,200.00 0.00 0.00 50,200.00 INTEREST372.7000.46110 118.33 (275.00)575.00 0.00 1,200.00 1,500.00 FISCAL AGENT CHARGES372.7000.46200 0.00 1,000.00 0.00 0.00 0.00 1,000.00 MISCELLANEOUS FISCAL CHARGES372.7000.46210 99.62 725.00 190,775.00 0.00 1,200.00 192,700.00 CAPITAL OUTLAY 76.84 172,035.01 569,464.99 0.00 1,200.00 742,700.00 Total Dept 7000 - BONDS 76.84 172,035.01 569,464.99 0.00 1,200.00 742,700.00 TOTAL EXPENDITURES 176.07 (85,430.48)198,930.48 0.00 (1,200.00)112,300.00 NET OF REVENUES & EXPENDITURES 76.84 172,035.01 569,464.99 0.00 1,200.00 742,700.00 TOTAL EXPENDITURES 89.87 86,604.53 768,395.47 0.00 0.00 855,000.00 TOTAL REVENUES Fund 372 - HUSET PARK AREA TIF (T6): 17 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 6/11Page:10/15/2024 03:22 PM User: suems DB: Columbia Heights PERIOD ENDING 09/30/2024 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 09/30/2024 ACTIVITY FOR MONTH 09/30/24 ENCUMBERED YEAR-TO-DATE 2024 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 375 - TIF Z6: 47TH & GRAND Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 100.00 (103,891.13)103,891.13 0.00 0.00 0.00 CURRENT AD VALOREM375.0000.31010 100.00 (103,891.13)103,891.13 0.00 0.00 0.00 TAXES 100.00 (103,891.13)103,891.13 0.00 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL 100.00 (103,891.13)103,891.13 0.00 0.00 0.00 TOTAL REVENUES Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 100.00 (93,502.02)93,502.02 0.00 0.00 0.00 LOANS & GRANTS375.7000.44600 100.00 (93,502.02)93,502.02 0.00 0.00 0.00 OTHER SERVICES & CHARGES 100.00 (93,502.02)93,502.02 0.00 0.00 0.00 Total Dept 7000 - BONDS 100.00 (93,502.02)93,502.02 0.00 0.00 0.00 TOTAL EXPENDITURES 100.00 (10,389.11)10,389.11 0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES 100.00 (93,502.02)93,502.02 0.00 0.00 0.00 TOTAL EXPENDITURES 100.00 (103,891.13)103,891.13 0.00 0.00 0.00 TOTAL REVENUES Fund 375 - TIF Z6: 47TH & GRAND: 18 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 7/11Page:10/15/2024 03:22 PM User: suems DB: Columbia Heights PERIOD ENDING 09/30/2024 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 09/30/2024 ACTIVITY FOR MONTH 09/30/24 ENCUMBERED YEAR-TO-DATE 2024 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 391 - SCATTERED SITE TIF W3/W4 Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 100.00 (28,007.47)28,007.47 0.00 0.00 0.00 CURRENT AD VALOREM391.0000.31010 100.00 (28,007.47)28,007.47 0.00 0.00 0.00 TAXES 100.00 (28,007.47)28,007.47 0.00 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL 100.00 (28,007.47)28,007.47 0.00 0.00 0.00 TOTAL REVENUES 100.00 (28,007.47)28,007.47 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 (28,007.47)28,007.47 0.00 0.00 0.00 TOTAL REVENUES Fund 391 - SCATTERED SITE TIF W3/W4: 19 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 8/11Page:10/15/2024 03:22 PM User: suems DB: Columbia Heights PERIOD ENDING 09/30/2024 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 09/30/2024 ACTIVITY FOR MONTH 09/30/24 ENCUMBERED YEAR-TO-DATE 2024 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 392 - TIF BB2 ALATUS 40TH AV Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 100.00 (404,497.31)404,497.31 0.00 0.00 0.00 CURRENT AD VALOREM392.0000.31010 100.00 (404,497.31)404,497.31 0.00 0.00 0.00 TAXES 100.00 (404,497.31)404,497.31 0.00 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL 100.00 (404,497.31)404,497.31 0.00 0.00 0.00 TOTAL REVENUES Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 100.00 (500.00)500.00 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.392.7000.43050 100.00 (384,272.44)384,272.44 0.00 0.00 0.00 LOANS & GRANTS392.7000.44600 100.00 (384,772.44)384,772.44 0.00 0.00 0.00 OTHER SERVICES & CHARGES 100.00 (384,772.44)384,772.44 0.00 0.00 0.00 Total Dept 7000 - BONDS 100.00 (384,772.44)384,772.44 0.00 0.00 0.00 TOTAL EXPENDITURES 100.00 (19,724.87)19,724.87 0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES 100.00 (384,772.44)384,772.44 0.00 0.00 0.00 TOTAL EXPENDITURES 100.00 (404,497.31)404,497.31 0.00 0.00 0.00 TOTAL REVENUES Fund 392 - TIF BB2 ALATUS 40TH AV: 20 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 9/11Page:10/15/2024 03:22 PM User: suems DB: Columbia Heights PERIOD ENDING 09/30/2024 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 09/30/2024 ACTIVITY FOR MONTH 09/30/24 ENCUMBERED YEAR-TO-DATE 2024 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 393 - TIF BB6 ALATUS 4300 CENTRAL Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 100.00 (15,641.34)15,641.34 0.00 0.00 0.00 CURRENT AD VALOREM393.0000.31010 100.00 (15,641.34)15,641.34 0.00 0.00 0.00 TAXES MISCELLANEOUS 0.00 63,700.00 0.00 0.00 0.00 63,700.00 LOAN INTEREST393.0000.36216 0.00 63,700.00 0.00 0.00 0.00 63,700.00 MISCELLANEOUS TRANSFERS & NON-REV RECEIPTS 0.00 5,885,000.00 0.00 0.00 0.00 5,885,000.00 BOND PROCEEDS393.0000.39310 0.00 5,885,000.00 0.00 0.00 0.00 5,885,000.00 TRANSFERS & NON-REV RECEIPTS 0.26 5,933,058.66 15,641.34 0.00 0.00 5,948,700.00 Total Dept 0000 - NON-DEPARTMENTAL 0.26 5,933,058.66 15,641.34 0.00 0.00 5,948,700.00 TOTAL REVENUES Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 100.00 (465.00)465.00 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.393.7000.43050 100.00 (465.00)465.00 0.00 0.00 0.00 OTHER SERVICES & CHARGES CAPITAL OUTLAY 0.00 5,935,000.00 0.00 0.00 0.00 5,935,000.00 PRINCIPAL393.7000.46010 0.00 13,400.00 0.00 0.00 0.00 13,400.00 INTEREST393.7000.46110 100.00 (1,000.00)1,000.00 0.00 0.00 0.00 MISCELLANEOUS FISCAL CHARGES393.7000.46210 0.02 5,947,400.00 1,000.00 0.00 0.00 5,948,400.00 CAPITAL OUTLAY 0.02 5,946,935.00 1,465.00 0.00 0.00 5,948,400.00 Total Dept 7000 - BONDS 0.02 5,946,935.00 1,465.00 0.00 0.00 5,948,400.00 TOTAL EXPENDITURES 4,725.45 (13,876.34)14,176.34 0.00 0.00 300.00 NET OF REVENUES & EXPENDITURES 0.02 5,946,935.00 1,465.00 0.00 0.00 5,948,400.00 TOTAL EXPENDITURES 0.26 5,933,058.66 15,641.34 0.00 0.00 5,948,700.00 TOTAL REVENUES Fund 393 - TIF BB6 ALATUS 4300 CENTRAL: 21 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 10/11Page:10/15/2024 03:22 PM User: suems DB: Columbia Heights PERIOD ENDING 09/30/2024 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 09/30/2024 ACTIVITY FOR MONTH 09/30/24 ENCUMBERED YEAR-TO-DATE 2024 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 408 - EDA REDEVELOPMENT PROJECT FD Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 55.54 104,490.68 130,509.32 0.00 0.00 235,000.00 HRA CURRENT AD VALOREM408.0000.31012 40.08 44,941.98 30,058.02 0.00 0.00 75,000.00 AREA WIDE TAX408.0000.31014 100.00 2,339.37 (2,339.37)0.00 0.00 0.00 DELNQ. AD VALOREM408.0000.31020 51.04 151,772.03 158,227.97 0.00 0.00 310,000.00 TAXES 51.04 151,772.03 158,227.97 0.00 0.00 310,000.00 Total Dept 0000 - NON-DEPARTMENTAL 51.04 151,772.03 158,227.97 0.00 0.00 310,000.00 TOTAL REVENUES Expenditures Dept 6314 - ECONOMIC DEVELOPMENT AUTH OTHER SERVICES & CHARGES 100.00 (269.00)269.00 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.408.6314.43050 100.00 (298.89)298.89 0.00 0.00 0.00 MISC. CHARGES408.6314.44300 100.00 (4,600.00)4,600.00 0.00 0.00 0.00 LOANS & GRANTS408.6314.44600 100.00 (5,167.89)5,167.89 0.00 0.00 0.00 OTHER SERVICES & CHARGES CAPITAL OUTLAY 100.00 (15,000.00)15,000.00 0.00 0.00 0.00 LAND408.6314.45110 100.00 (15,000.00)15,000.00 0.00 0.00 0.00 CAPITAL OUTLAY 100.00 (20,167.89)20,167.89 0.00 0.00 0.00 Total Dept 6314 - ECONOMIC DEVELOPMENT AUTH Dept 6411 - FACADE IMPROVEMENT GRANT OTHER SERVICES & CHARGES 100.00 (19,374.34)19,374.34 0.00 0.00 0.00 LOANS & GRANTS408.6411.44600 100.00 (19,374.34)19,374.34 0.00 0.00 0.00 OTHER SERVICES & CHARGES 100.00 (19,374.34)19,374.34 0.00 0.00 0.00 Total Dept 6411 - FACADE IMPROVEMENT GRANT Dept 6414 - COMMERCIAL REVITALIZATION OTHER SERVICES & CHARGES 100.00 (173,795.72)173,795.72 9,504.22 0.00 0.00 EXPERT & PROFESSIONAL SERV.408.6414.43050 100.00 (495.21)495.21 0.00 0.00 0.00 REPAIR & MAINT. SERVICES408.6414.44000 100.00 (11,839.12)11,839.12 0.00 0.00 0.00 TAXES & LICENSES408.6414.44390 0.00 100,000.00 0.00 0.00 0.00 100,000.00 LOANS & GRANTS408.6414.44600 186.13 (86,130.05)186,130.05 9,504.22 0.00 100,000.00 OTHER SERVICES & CHARGES CAPITAL OUTLAY 107.87 (16,519.55)226,519.55 0.00 0.00 210,000.00 LAND408.6414.45110 107.87 (16,519.55)226,519.55 0.00 0.00 210,000.00 CAPITAL OUTLAY 22 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 11/11Page:10/15/2024 03:22 PM User: suems DB: Columbia Heights PERIOD ENDING 09/30/2024 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 09/30/2024 ACTIVITY FOR MONTH 09/30/24 ENCUMBERED YEAR-TO-DATE 2024 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 408 - EDA REDEVELOPMENT PROJECT FD Expenditures 133.11 (102,649.60)412,649.60 9,504.22 0.00 310,000.00 Total Dept 6414 - COMMERCIAL REVITALIZATION Dept 6418 - FIRE SUPPRESSION GRANT OTHER SERVICES & CHARGES 100.00 (74,436.00)74,436.00 0.00 0.00 0.00 LOANS & GRANTS408.6418.44600 100.00 (74,436.00)74,436.00 0.00 0.00 0.00 OTHER SERVICES & CHARGES 100.00 (74,436.00)74,436.00 0.00 0.00 0.00 Total Dept 6418 - FIRE SUPPRESSION GRANT 169.88 (216,627.83)526,627.83 9,504.22 0.00 310,000.00 TOTAL EXPENDITURES 100.00 368,399.86 (368,399.86)(9,504.22)0.00 0.00 NET OF REVENUES & EXPENDITURES 169.88 (216,627.83)526,627.83 9,504.22 0.00 310,000.00 TOTAL EXPENDITURES 51.04 151,772.03 158,227.97 0.00 0.00 310,000.00 TOTAL REVENUES Fund 408 - EDA REDEVELOPMENT PROJECT FD: 153.56 285,505.48 (170,570.98)(24,427.99)(2,334.50)112,600.00 NET OF REVENUES & EXPENDITURES 24.51 5,564,364.79 1,804,700.71 24,427.99 2,334.50 7,371,400.00 TOTAL EXPENDITURES - ALL FUNDS 21.83 5,849,870.27 1,634,129.73 0.00 0.00 7,484,000.00 TOTAL REVENUES - ALL FUNDS 23 Item 2. ECONOMIC DEVELOPMENT AUTHORITY AGENDA SECTION BUSINESS ITEMS MEETING DATE 11/04/2024 ITEM: Façade Improvement Grant Report for Quincy Raven Commercial located at 4030 Central Ave DEPARTMENT: Community Development BY/DATE: Emilie Voight 10/29/2024 BACKGROUND: This report pertains to the 2024 Façade Improvement Grant application for 4030 Central Ave. The property owner, Quincy Raven Commercial Properties LLC, operates two businesses at this address: Fixx Coffee and the Central Mix event space and kitchen. They are applying for grant funds to replace the second-story windows on the Central Ave façade. Although the owner is also planning additional façade work including new signage and repairs to the existing canopy, and has included information about this work in the application, the grant funding request is limited to the window portion of these renovations. Photos of the existing windows have been included in the packet. The owner was able to receive one bid for the windows, amounting to $12,360, setting them up for a grant amount of $5,000. Due to the need to complete window replacement prior to the arrival of winter and cold temperatures, the owner has already applied for a permit. Community Development Staff recommend funding the window replacement project in full as it will benefit both the appearance and functionality of this building in the Central Business District. In 2024, the EDA has approved 8 façade improvement grant applications for a total of $37,127 approved, with an additional $5,000 being requested at this meeting. This leaves $7,873 in Façade Improvement Grant funds for the remainder of the year. RECOMMENDED MOTION(S): MOTION: Move to waive the reading of Resolution 2024-27, there being ample copies available to the public. MOTION: Move to adopt Resolution 2024-27, 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 the owner of Quincy Raven Commercial Properties LLC. ATTACHMENT(S): 1. Resolution 2024-27 2. Sample Façade Improvement Grant Agreement 3. 4030 Central Ave Application 24 Item 3. Resolution 2024-27 RESOLUTION NO. 2024-27 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 A FAÇADE IMPROVEMENT GRANT AGREEMENT WITH QUINCY RAVEN COMMERCIAL PROPERTIES LLC 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 Business districts, 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 Progra m 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 Quincy Raven Commercial Properties LLC. 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 November, 2024 Offered by: Seconded by: Roll Call: __________________________________ President Attest: _______________________________________ Secretary 25 Item 3. FAÇADE IMPROVEMENT GRANT AGREEMENT THIS FAÇADE IMPROVEMENT GRANT AGREEMENT (“Agreement”), dated this ___ day of _________, 2024 (the “Effective Date”), is entered into by and between Quincy Raven Commercial Properties LLC, the owner (the “Grantee”), and the Columbia Heights Economic Development Authority (the “EDA”). RECITALS WHEREAS, Grantee is the owner of certain Property located at 4030 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 26 Item 3. 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, 27 Item 3. 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: Quincy Raven Commercial Properties LLC Attn: Shelley Santrach 4030 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] 28 Item 3. 4 IN WITNESS WHEREOF, Grantee and the EDA have signed this Agreement as of the day and year first above written. GRANTEE: QUINCY RAVEN COMMERCIAL PROPERTIES LLC THE OWNER By:____________________________ Name: _________________________ Its:____________________________ Date:__________________________ EDA: COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY By: Name: _________________________ Its:____________________________ Date:__________________________ 29 Item 3. 5 EXHIBIT A LEGAL DESCRIPTION OF PROPERTY COLUMBIA HEIGHTS ANNEX TO MINNEAPOLIS, ANOKA COUNTY, MINNESOTA LOT 6 BLK 61 COL HTS ANNEX 30 Item 3. 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 November 4th, 2024, and may reflect minor changes to the total cost and minor changes in the proposed project that occurred subsequent to application submittal. 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 Exhibit B, the terms and descriptions contained in this grant agreement and the project summary shall prevail. Project summary: furnish, install, and replace two second-story windows (each window containing one picture and two casements either side) totaling an amount equal to $12,360. 31 Item 3. 32 Item 3. 33 Item 3. 34 Item 3. 35 Item 3. 36 Item 3. 37 Item 3. 38 Item 3. 39 Item 3. 40 Item 3. 41 Item 3. 42 Item 3. 43 Item 3. ECONOMIC DEVELOPMENT AUTHORITY AGENDA SECTION BUSINESS ITEMS MEETING DATE 11/04/2024 ITEM: Reuter Walton Development Discussion DEPARTMENT: Community Development BY/DATE: Mitchell Forney, 11/1/24 BACKGROUND: In early October Reuter Walton approached City staff regarding possible redevelopment opportunities. After an initial conversation, Reuter Walton found a property that was interested in selling and, met the City’s Comprehensive Plan for redevelopment. The property in question is 3901 University Ave NE. Currently, the property houses offices for a global supplier of mining technology and strategy. The company, ME Elecmetal, has offices and plants in over 40 countries. The business is looking to move its offices from its current location and is looking to sell the building. In general, Reuter Walton wants to get the EDA’s thoughts on the project. The project will require a rezoning, Minnesota Management and Budget bond resolution, and possibly TIF. If the EDA favors the project Reuter Walton’s next step is to apply for bond funding from MMB. The City acts as a conduit for those bonds so Reuter Walton would come back with any edits of the plan and work with the City to establish a bond resolution. Bonds of this type are not an obligation of the City or its taxpayers, but rather an obligation of the developer. Only project revenues of the developer, in this case, rent collected after completion of the project would be pledged for repayment of the bonds. The City has previously issued tax - exempt bonds for other various developments, such as the Sullivan Shores townhomes, Crestview senior care facilities, the Legends of Columbia Heights, the COL, and Grand Central Flats. With the issuance of tax-exempt bonds, the City will receive an issuance fee in the amount of 1% of the principal amount issued for the tax- exempt bonds. Reuter Walton is proposing a full redevelopment of the 2.51-acre site to be rebuilt as 108 units of affordable housing. The parcel in question is one of the last remaining properties from the Huset Park redevelopment project and used to serve as the foundry’s power source. Within the land use chapter of the City’s comprehensive plan, this parcel is designated to be future high-density residential. As developers look to proformas to determine project feasibility so too does the City, the below numbers are meant to educate the EDA’s discussion moving forward. A big piece of this monetary discussion is Tax Increment Financing (TIF) assistance. Reuter Walton has not established a request for TIF but, wants to get the EDA’s feedback regarding the project with the assumption of some TIF assistance provided. With that being said, the amount of TIF needed does depend on other aspects of the project including what interest rates are at closing and if there are other grant opportunities available to cut down project costs. There is the possibility that if interest rates decrease enough, the project may not need TIF assistance. If TIF assistance is needed the EDA should consider the below calculations in its discussion. Included in the packet after the developer presentation are the TIF and property tax calculations that were created by Ehlers. In summary, the TIF district, if approved, would be able to get $54,693 in tax increment per year, after the project is complete. As a general practice, the EDA has allowed for a maximum of 15 years on similar districts. The amount of TIF needed depends on the cost of the project and the project’s amenities. These numbers are built into the developer’s proforma and then reviewed by staff and Ehlers to ensure any TIF meets the But For Test. For example, the project could not occur but for the TIF assistance. Below is a chart 44 Item 4. Page 2 breaking down the estimated amount of taxes the City receives currently, would receive during the life of the TIF District, and after the TIF district expires. The State of Minnesota requires that the base tax rate for TIF calculations be established with the new property classification. Since the property will be converting to 4 d the City will receive less money than the current taxes on the parcel, during the life of the TIF district. $11,142 less per year to be exact. After the TIF district is decertified, the calculations show that the City can expect to receive $33,320 in taxes per year. Increasing the current revenue on the site by $19,730 per year. Attachment 1 and 3 contain charts that show how these changes also affect other taxing jurisdictions. City Taxes Received Current City Taxes Received During TIF City Taxes Received After TIF Revenue Lost During TIF /year Revenue Gained After TIF/year $ 13,590 $ 2,448 $ 33,320 $ 11,142 $ 19,730 Also contained in Attachment 1 is a chart showing the time in years after the project it would take the City to recoup lost taxes after the district is complete. For example, for a TIF District lasting 5 years the City would recoup its taxes lost 2.8 years after the district. At 10 years it would take 5.6 years, and at 15 years it would take 8.5 years. With this in mind, any TIF assistance would be a longer-term investment that would eventually pay off. This project has a lot of aspects for the commission to consider . Staff are looking to have an in-depth conversation with the EDA so that we can direct Reuter Walton on any next steps. Staff are supportive of the concept overall and have found Reuter Walton to be a quality development partner on previous projects. ATTACHMENT(S): 1. Relevant Data Charts 2. Comprehensive Plan 2040 Future Land Use Map 3. Reuter Walton Presentation 4. TIF and Property Tax Calculations 45 Item 4. Title City Portion County Portion School District Misc Total Local Taxes Current Tax Calculations 13,590$ 4,916$ 4,362$ 1,208$ 24,076$ Tax Calculations Under TIF 2,448$ 886$ 218$ 218$ 6,954$ Tax Calculations After TIF 33,320$ 12,054$ 10,695$ 2,962$ 67,934$ City portion After TIF City Portion During TIF Change 33,320$ 13,590$ 19,730$ City Portion During TIF City portion Pre TIF Change in Money Received During TIF 2,448$ 13,590$ (11,142)$ Years Revanue lost Years to recoup lost revanue 1 11,142$ 0.6 2 22,284$ 1.1 3 33,426$ 1.7 4 44,568$ 2.3 5 55,710$ 2.8 6 66,852$ 3.4 7 77,994$ 4.0 8 89,136$ 4.5 9 100,278$ 5.1 10 111,420$ 5.6 11 122,562$ 6.2 12 133,704$ 6.8 13 144,846$ 7.3 14 155,988$ 7.9 15 167,130$ 8.5 46 Item 4. 40 Columbia Heights 2040 Comprehensive Plan FIGUre 3-5. 2040 FUTUre laND USe MaP Source: HKGi, City of Columbia Heights, Metropolitan Council Highland Sullivan Clover Pond LaBelle Pond Hart Lake Silver (West) Lake 5T H S T N E 7TH ST NE 49TH AVE NE 40TH AVE NE 44TH AVE NE 53RD AVE NE 37TH AVE NE RESERVOIR BLVD NE MADISON PL NE FAIRWAY DR NE STINSON BLVD 4 5TH AVE NE 51ST AVE NE ARTHURSTNE CENTRAL AVE NE MAIN ST N E JEFFERSON ST NE UNIVERSITY AVE NE H A R T B L V D NE §¨¦694 CITY OF HILLTOP FRIDLEY NEW BRIGHTON FRIDLEY NEW BRIGHTON ST. ANTHONY NEW BRIGHTON ST. ANTHONY MINNEAPOLIS ST. ANTHONY MINNEAPOLIS °0 0.5 10.25 Miles Low Density Residential Medium Density Residential High Density Residential Transitional Development Commercial Institutional Transit Oriented Development Industrial Railway Park Open Water ROW MPLSWW City 47 Item 4. November 4th, 2024 NEW HOUSING DE VELOPMENT DISCUSSION 48 Item 4. [Type here] 1. 1800 Lake 2. The Elysian 8. 16Twenty 3. The Rail 7. Dinkytown Flats 6. The Radius 5. 700 Washington 4. Wahu 9. Doubletree Hotel 10. Seventeen10 11. Laguna 12. Revel 13. Chroma 14. Local15 15. Spectrum 16. Red44 27. The Donegan 28. Cordelle 29. Shale 30. Isaac 31. Forte on the Park 32. Morrow 34. The Reeve Lakeside 35. The Miller 36. Maison Green 37. Kenton House 33. Cadence 38. The Col 17. Hotel Crosby 39. Litmore 40. Midwell 26. The Asher 25. Marquee 24. Luna 23. The Grove 22. Sora 21. N&E 20. Mezzo 19. Harlo 18. Modi 41. Bridgewell 42. Lica m 49 Item 4. 4 Story Apartment 32,900 SF 108 Units PARKING SETBACK 10'-0" 3 0 '-0 " 10'-0"10'-0" 10'-0" 10 ' - 0 " BUILDING SETBACK 15'-0" 10 ' - 0 " 1 5 '-0 " BUILDING AND PARKING SETBACK BUILDING SETBACK PARKING SETBACK BUILDING ND PARKING SETBACK apx. ~ 45' tall building 1 BUILDING ENTRANCE 2 GARAGE ENTRANCE 3 STAIR EGRESS SITE PLAN KEY 4 AMENITY PATIO 5 STORMWATER RETENTION 6 DOG RUN 7 PLAYGROUND kaas wilson architects Reuter Walton -3XXX University Ave NE -Columbia HeightsSITE PLAN 2.0 31 October 2024 1" = 60'-0"1 SD Site Plan 1 2 3 3 PARKING Level Type Count Level -1 Garage 92 Level 1 Surface 92 184 UNIT MIX - GROSS AREA Name Count Unit Gross Area Total Area %Main Floor 1BR Unit 1-0 37 683 ft² 25,262 ft² 34% 37 25,262 ft² 34% 2BR Unit 2-0 19 986 ft² 18,725 ft² 18% Unit 2-1 16 1,039 ft² 16,620 ft² 15% 35 35,345 ft² 32% 3BR Unit 4-0 36 1,253 ft² 45,120 ft² 33% 36 45,120 ft² 33% Grand total 108 105,727 ft² 100% 47 6 5 5 50 Item 4. EL E V A T O R TRASH/CORE STAIR STAIR kaas wilson architects Reuter Walton -3XXX University Ave NE -Columbia HeightsFLOOR PLAN - LEVEL - 1 3.0 31 October 2024 1/32" = 1'-0"1 Level -1 51 Item 4. LOBBY/AMENITY FITNESS/AMENITY TRASH/CORE STAIR EL E V A T O R STAIR 2BR2BR 2BR 2BR 2BR 2BR 3BR 3BR 3BR 3BR 3BR 3BR1BR1BR 1BR 1BR 1BR 3BR 3BR 3BR1BR 1BR 2BR2BR CORE kaas wilson architects Reuter Walton -3XXX University Ave NE -Columbia HeightsFLOOR PLANS - LEVEL 1 3.1 31 October 2024 1/32" = 1'-0"1 Level 1 52 Item 4. TRASH/CORE STAIR EL E V A T O R STAIR 2BR2BR 2BR 2BR 2BR 2BR 3BR 3BR 3BR 3BR 3BR 3BR1BR1BR 1BR 1BR 2BR 1BR 1BR1BR 1BR 3BR 3BR 3BR1BR 1BR 2BR2BR CORE kaas wilson architects Reuter Walton -3XXX University Ave NE -Columbia HeightsFLOOR PLANS - LEVELS 2-4 3.2 31 October 2024 1/32" = 1'-0"1 Levels 2-4 53 Item 4. kaas wilson architects Reuter Walton - 3XXX University Ave NE - Columbia HeightsEXAMPLE PROJECTS 4.0 03/12/20 Cadence -Bloomington, MN Litmore -Little Canada, MN Cadence -Bloomington, MN Litmore -Little Canada, MN 54 Item 4. kaas wilson architects Reuter Walton - Columbia HeightsProject Precedents 5.1 07/22/22 55 Item 4. kaas wilson architects Project Precedents 5.1 07/22/22 Reuter Walton - Columbia Heights 56 Item 4. kaas wilson architects Project Precedents 5.1 07/22/22 Reuter Walton - Columbia Heights 57 Item 4. kaas wilson architects Project Precedents 5.1 07/22/22 Reuter Walton - Columbia Heights 58 Item 4. kaas wilson architects Project Precedents 5.1 07/22/22 Reuter Walton - Columbia Heights 59 Item 4. kaas wilson architects Project Precedents 5.1 07/22/22 Reuter Walton - Columbia Heights 60 Item 4. Litmore Apartments – Little Canada – 60 units 61 Item 4. The Col – Columbia Heights – 62 Units 62 Item 4. Morrow | St. Paul, Minnesota Morrow Apartments - St. Paul - 243 Units 63 Item 4. Morrow | St. Paul, Minnesota 64 Item 4. Proposed Unit Mix 65 Item 4. Project City 0 1 2 3 4 Subject Property Columbia Heights ‐$            1,363$        1,632$        1,882$        ‐$          Ratio Columbia Heights 1,023$        1,486$        1,845$        2,591$        ‐$          Altair Fridley 1,231$        1,614$        1,941$        ‐$             ‐$          The Exchange Apartments New Brighton ‐$            1,735$        2,070$        ‐$             ‐$          Northview Commons Columbia Heights ‐$            1,175$        1,285$        1,580$        ‐$          Gauvette Park Apartments Columbia Heights ‐$            ‐$            1,375$        ‐$             ‐$          The Ruby St. Anthony 1,450$        1,650$        2,535$        3,135$        ‐$          Columbia Heights Apartment ‐ Rent Comps Unit Type ‐ Bedrooms 66 Item 4. Anoka County - 2024 Rent and Income Limits 67 Item 4. Columbia Heights – Single Family Home Market  1.Currently 38 total single‐family homes for-sale in Columbia Heights Area a.30 single family homes around $350,000 b.Estimated mortgage payment: c.$70,000 Down Payment Needed d.$2,303/month – assuming a 7.00% 30‐year interest rate 68 Item 4. Columbia Heights – 108 Units 4450 Excelsior Blvd, Ste 400, St. Louis Park, MN 55416 ● (612) 823‐3489  I.Detailed Project Schedule Schedule Milestone Completion Date  LOI ‐ Executed 11/11/24  City of Columbia Heights EDA Meeting 11/4/24  City of Columbia Heights – CC – Bond Resolution 12/9/24  Minnesota Management & Budget – Bond Application Submittal 12/20/24  Minnesota Management & Budget – Bond Award Announcements 1/13/25  Kick‐off Project team on SD, civil 1/15/25  Submit Preliminary Site Plan/Rezoning Application 2/26/25  Planning Commission 3/3/25  City Council 3/10/25  Submit for Building Permit 5/15/25  Permit Ready Letter 6/15/25  Closing – Construction Financing 7/1/25  Construction Commencement 7/1/25  Construction Completion – TCO 9/1/26  69 Item 4. City of Columbia Heights, MN Current Property Tax Estimate - M E Global Exempt Class Rate (Exempt)0.00% 28.7891%Pay 2024 Commercial Industrial Preferred Class Rate (C/I Pref.) 123.0260%Pay 2024 First $150,000 1.50% 118.060%Pay 2024 Over $150,000 2.00% 66.639%Pay 2024 Commercial Industrial Class Rate (C/I)2.00% 24.108%Pay 2024 Rental Housing Class Rate (Rental)1.25% 21.390%Pay 2024 Affordable Rental Housing Class Rate (Aff. Rental) 5.923%Pay 2024 First $100,000 0.25% 29.2940%Pay 2024 Over $100,000 0.25% 0.17808%Pay 2024 Non-Homestead Residential (Non-H Res. 1 Unit) First $500,000 1.00% Note: Located in Tax District 14013I Over $500,000 1.25% Homestead Residential Class Rate (Hmstd. Res.) First $500,000 1.00% Over $500,000 1.25% Land Building Total Taxable Property Tax Local Fiscal Disparities State PID Address Market Value Market Value Market Value Market Value Class Tax Capacity Tax Capacity Tax Capacity 35-30-24-31-0167 3901 University Ave NE 470,900 937,300 1,408,200 1,408,200 C/I Pref.27,414 7,892 25,164 35-30-24-34-0237 3891 University Ave NE 50,900 10,300 61,200 61,200 C/I 1,224 352 0 TOTAL 1,469,400 1,469,400 28,638 8,245 25,164 Note: Market values arefor Pay 2025 based upon review of the County website on 10-28-24. City County School Total Local Fiscal Disparities Mk Value State-wide Portion Portion District Taxes Taxes Taxes Taxes 3901 University Ave NE $13,009 $4,706 $4,176 $1,156 $23,047 $9,710 $2,508 $7,372 $42,636 3891 University Ave NE $581 $210 $186 $52 $1,029 $434 $109 $0 $1,572 TOTAL $13,590 $4,916 $4,362 $1,208 $24,076 $10,143 $2,617 $7,372 $44,208 Note: Total taxes excludes solid waste management charges, special assessments, and any contamination tax. State-wide Tax Rate (C/I only. Used for total taxes) Market Value Tax Rate (Used for total taxes) CURRENT PROPERTY INFORMATION (Property Tax Capacity) Address Misc TOTAL CURRENT TAX CALCULATIONS Local Tax Rate: Miscellaneous Tax Rate: School District Tax Rate: City Tax Rate: County Tax Rate: Fiscal Disparities Contribution Ratio Fiscal Disparities Metro-Wide Tax Rate TAX CLASSIFICATION & RATES 70 Item 4. City of Columbia Heights, MN TIF District Base Value Tax Estimate - M E Global Exempt Class Rate (Exempt)0.00% 28.7891%Pay 2024 Commercial Industrial Preferred Class Rate (C/I Pref.) 123.0260%Pay 2024 First $150,000 1.50% 118.060%Pay 2024 Over $150,000 2.00% 66.639%Pay 2024 Commercial Industrial Class Rate (C/I)2.00% 24.108%Pay 2024 Rental Housing Class Rate (Rental)1.25% 21.390%Pay 2024 Affordable Rental Housing Class Rate (Aff. Rental) 5.923%Pay 2024 First $100,000 0.25% 29.2940%Pay 2024 Over $100,000 0.25% 0.17808%Pay 2024 Non-Homestead Residential (Non-H Res. 1 Unit) First $500,000 1.00% Note: Located in Tax District 14013I Over $500,000 1.25% Homestead Residential Class Rate (Hmstd. Res.) First $500,000 1.00% Over $500,000 1.25% Land Building Total Taxable Property Tax Local Fiscal Disparities State PID Address Market Value Market Value Market Value Market Value Class Tax Capacity Tax Capacity Tax Capacity 35-30-24-31-0167 3901 University Ave NE 470,900 937,300 1,408,200 1,408,200 Aff. Rental 3,521 0 0 35-30-24-34-0237 3891 University Ave NE 50,900 10,300 61,200 61,200 Aff. Rental 153 0 0 TOTAL 1,469,400 1,469,400 3,674 0 0 Note: Market values arefor Pay 2025 based upon review of the County website on 10-28-24. City County School Total Local Fiscal Disparities Mk Value State-wide Portion Portion District Taxes Taxes Taxes Taxes 3901 University Ave NE $2,346 $849 $753 $209 $4,156 $0 $2,508 $0 $6,664 3891 University Ave NE $102 $37 $33 $9 $181 $0 $109 $0 $290 TOTAL $2,448 $886 $786 $218 $4,337 $0 $2,617 $0 $6,954 Note: Total taxes excludes solid waste management charges, special assessments, and any contamination tax. State-wide Tax Rate (C/I only. Used for total taxes) Market Value Tax Rate (Used for total taxes) CURRENT PROPERTY INFORMATION (Property Tax Capacity) Address Misc TOTAL CURRENT TAX CALCULATIONS Local Tax Rate: Miscellaneous Tax Rate: School District Tax Rate: City Tax Rate: County Tax Rate: Fiscal Disparities Contribution Ratio Fiscal Disparities Metro-Wide Tax Rate TAX CLASSIFICATION & RATES 71 Item 4. City of Columbia Heights, MN Future Property Tax Estimate - Reuter Walton Development Exempt Class Rate (Exempt)0.00% 28.7891%Pay 2024 Commercial Industrial Preferred Class Rate (C/I Pref.) 123.0260%Pay 2024 First $150,000 1.50% 118.060%Pay 2024 Over $150,000 2.00% 66.639%Pay 2024 Commercial Industrial Class Rate (C/I)2.00% 24.108%Pay 2024 Rental Housing Class Rate (Rental)1.25% 21.390%Pay 2024 Affordable Rental Housing Class Rate (Aff. Rental) 5.923%Pay 2024 First $100,000 0.25% 29.2940%Pay 2024 Over $100,000 0.25% 0.17808%Pay 2024 Non-Homestead Residential (Non-H Res. 1 Unit) First $500,000 1.00% Note: Located in Tax District 14013I Over $500,000 1.25% Homestead Residential Class Rate (Hmstd. Res.) First $500,000 1.00% Over $500,000 1.25% Estimated Taxable Market Value Market Value Total Taxable Property Tax Local Fiscal Disparities State Area/Phase New Use Per Sq Ft/Unit Per Sq Ft/Unit Sq Ft/Units Market Value Class Tax Capacity Tax Capacity Tax Capacity 1 Aff. Apartments 200,000 200,000 100 20,000,000 Aff. Rental 50,000 0 0 TOTAL 20,000,000 50,000 0 0 Note: Market values are based upon estimates. City County School Total Local Fiscal Disparities Mk Value State-wide Portion Portion District Taxes Taxes Taxes Taxes Aff. Apartments $33,320 $12,054 $10,695 $2,962 $59,030 $0 $8,904 $0 $67,934 TOTAL $33,320 $12,054 $10,695 $2,962 $59,030 $0 $8,904 $0 $67,934 Note: Total taxes excludes solid waste management charges, special assessments, and any contamination tax. Fiscal Disparities Contribution Ratio Fiscal Disparities Metro-Wide Tax Rate Local Tax Rate: City Tax Rate: Market Value Tax Rate (Used for total taxes) TAX CLASSIFICATION & RATES County Tax Rate: School District Tax Rate: Miscellaneous Tax Rate: State-wide Tax Rate (C/I only. Used for total taxes) FUTURE PROPERTY INFORMATION (Property Tax Capacity) FUTURE TAX CALCULATIONS New Use Misc TOTAL 72 Item 4. University Avenue Development (Reuter Walton) - No Inflation City of Columbia Heights, MN 100-Unit Aff. Apartment ASSUMPTIONS AND RATES DistrictType:Housing District Name/Number: County District #:Exempt Class Rate (Exempt)0.00% First Year Construction or Inflation on Value 2025 Commercial Industrial Preferred Class Rate (C/I Pref.) Existing District - Specify No. Years Remaining First $150,000 1.50% Inflation Rate - Every Year:0.00%Over $150,000 2.00% Interest Rate:5.50%Commercial Industrial Class Rate (C/I)2.00% Present Value Date:1-Aug-26 Rental Housing Class Rate (Rental)1.25% First Period Ending 1-Feb-27 Affordable Rental Housing Class Rate (Aff. Rental) Tax Year District was Certified:Pay 2024 First $100,000 0.25% Cashflow Assumes First Tax Increment For Development:2027 Over $100,000 0.25% Years of Tax Increment 26 Non-Homestead Residential (Non-H Res. 1 Unit) Assumes Last Year of Tax Increment 2052 First $500,000 1.00% Fiscal Disparities Election [Outside (A), Inside (B), or NA]Inside(B)Over $500,000 1.25% Incremental or Total Fiscal Disparities Incremental Homestead Residential Class Rate (Hmstd. Res.) Fiscal Disparities Contribution Ratio 28.7891%Pay 2024 First $500,000 1.00% Fiscal Disparities Metro-Wide Tax Rate 123.0260%Pay 2024 Over $500,000 1.25% Maximum/Frozen Local Tax Rate: 118.060%Pay 2024 Agricultural Non-Homestead 1.00% Current Local Tax Rate: (Use lesser of Current or Max.)118.060%Pay 2024 State-wide Tax Rate (Comm./Ind. only used for total taxes)29.2940%Pay 2024 Market Value Tax Rate (Used for total taxes)0.17808%Pay 2024 Building Total Percentage Tax Year Property Current Class After Land Market Market Of Value Used Original Original Tax Original After Conversion Map ID PID Owner Address Market Value Value Value for District Market Value Market Value Class Tax Capacity Conversion Orig. Tax Cap. 1 35-30-24-31-0167 M E Global 3901 University Ave NE 470,900 937,300 1,408,200 100%1,408,200 Pay 2024 C/I Pref.27,414 Aff. Rental 3,521 1 2 35-30-24-34-0237 M E Global 3891 University Ave NE 50,900 10,300 61,200 100%61,200 Pay 2024 C/I 1,224 Aff. Rental 153 1 521,800 947,600 1,469,400 1,469,400 28,638 3,674 Note: 1. Base values are for pay 2025 based on review of County website on 10-28-24. 2. Located in Tax District 14013I Area/ Phase Tax Rates BASE VALUE INFORMATION (Original Tax Capacity) 73 Item 4. University Avenue Development (Reuter Walton) - No Inflation City of Columbia Heights, MN 100-Unit Aff. Apartment Estimated Taxable Total Taxable Property Percentage Percentage Percentage Percentage First Year Market Value Market Value Total Market Tax Project Project Tax Completed Completed Completed Completed Full Taxes Area/Phase New Use Per Sq. Ft./Unit Per Sq. Ft./Unit Sq. Ft./Units Value Class Tax Capacity Capacity/Unit 2025 2026 2027 2028 Payable 1 Apartments 200,000 200,000 100 20,000,000 Aff. Rental 50,000 500 40%80%100%100%2029 TOTAL 20,000,000 50,000 Subtotal Residential 100 20,000,000 50,000 Subtotal Commercial/Ind.0 0 0 Note: 1. Market values are based upon estimates. Total Fiscal Local Local Fiscal State-wide Market Tax Disparities Tax Property Disparities Property Value Total Taxes Per New Use Capacity Tax Capacity Capacity Taxes Taxes Taxes Taxes Taxes Sq. Ft./Unit Apartments 50,000 0 50,000 59,030 0 0 8,904 67,934 679.34 TOTAL 50,000 0 50,000 59,030 0 0 8,904 67,934 Note: 1. Taxes and tax increment will vary significantly from year to year depending upon values, rates, state law, fiscal disparities and other factors which cannot be predicted. Total Property Taxes 67,934 less State-wide Taxes 0 less Fiscal Disp. Adj.0 less Market Value Taxes (8,904) less Base Value Taxes (4,337) Annual Gross TIF 54,693 WHAT IS EXCLUDED FROM TIF? TAX CALCULATIONS PROJECT INFORMATION (Project Tax Capacity) 74 Item 4. University Avenue Development (Reuter Walton) - No Inflation City of Columbia Heights, MN 100-Unit Aff. Apartment TAX INCREMENT CASH FLOW Project Original Fiscal Captured Local Annual Semi-Annual State Admin.Semi-Annual Semi-Annual PERIOD % of Tax Tax Disparities Tax Tax Gross Tax Gross Tax Auditor at Net Tax Present ENDING Tax Payment OTC Capacity Capacity Incremental Capacity Rate Increment Increment 0.36%10%Increment Value Yrs.Year Date - - - - 02/01/27 100%20,000 (3,674) - 16,327 118.060%19,275 9,638 (35) (960) 8,643 8,186 0.5 2027 08/01/27 100%20,000 (3,674) - 16,327 118.060%19,275 9,638 (35) (960) 8,643 16,153 1 2027 02/01/28 100%40,000 (3,674) - 36,327 118.060%42,887 21,444 (77) (2,137) 19,230 33,405 1.5 2028 08/01/28 100%40,000 (3,674) - 36,327 118.060%42,887 21,444 (77) (2,137) 19,230 50,196 2 2028 02/01/29 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 71,035 2.5 2029 08/01/29 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 91,317 3 2029 02/01/30 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 111,056 3.5 2030 08/01/30 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 130,267 4 2030 02/01/31 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 148,963 4.5 2031 08/01/31 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 167,159 5 2031 02/01/32 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 184,868 5.5 2032 08/01/32 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 202,104 6 2032 02/01/33 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 218,877 6.5 2033 08/01/33 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 235,202 7 2033 02/01/34 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 251,090 7.5 2034 08/01/34 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 266,553 8 2034 02/01/35 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 281,602 8.5 2035 08/01/35 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 296,248 9 2035 02/01/36 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 310,502 9.5 2036 08/01/36 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 324,375 10 2036 02/01/37 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 337,876 10.5 2037 08/01/37 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 351,016 11 2037 02/01/38 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 363,805 11.5 2038 08/01/38 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 376,251 12 2038 02/01/39 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 388,364 12.5 2039 08/01/39 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 400,153 13 2039 02/01/40 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 411,626 13.5 2040 08/01/40 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 422,792 14 2040 02/01/41 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 433,659 14.5 2041 08/01/41 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 444,236 15 2041 02/01/42 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 454,529 15.5 2042 08/01/42 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 464,547 16 2042 02/01/43 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 474,297 16.5 2043 08/01/43 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 483,786 17 2043 02/01/44 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 493,021 17.5 2044 08/01/44 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 502,009 18 2044 02/01/45 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 510,756 18.5 2045 08/01/45 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 519,269 19 2045 02/01/46 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 527,554 19.5 2046 08/01/46 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 535,618 20 2046 02/01/47 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 543,465 20.5 2047 08/01/47 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 551,103 21 2047 02/01/48 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 558,536 21.5 2048 08/01/48 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 565,771 22 2048 02/01/49 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 572,811 22.5 2049 08/01/49 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 579,663 23 2049 02/01/50 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 586,332 23.5 2050 08/01/50 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 592,823 24 2050 02/01/51 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 599,139 24.5 2051 08/01/51 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 605,287 25 2051 02/01/52 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 611,270 25.5 2052 08/01/52 100%50,000 (3,674) - 46,327 118.060%54,693 27,347 (98) (2,725) 24,523 617,093 26 2052 02/01/53 Total 1,374,796 (4,949) (136,985) 1,232,862 Present Value From 08/01/2026 Present Value Rate 5.50%688,136 (2,477) (68,566) 617,093 75 Item 4.