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AGENDA
REGULAR ECONOMIC DEVELOPMENT AUTHORITY MEETING
AUGUST 27, 2012
6:30 P.M.
CITY COUNCIL CHAMBERS
Todd Larson, Chair; Julie May, Vice-Chair
Jason Bartholomay, Terry Donnelly, Christy Fogarty
Doug Bonar, Geraldine Jolley
Action Taken
1. Call Meeting to Order
2. Pledge of Allegiance
3. Roll Call
4. Approve Agenda
5. Citizen Comments/Presentations
6. Consent Agenda
a) Meeting Minutes (6/25/12 Regular)
b) Bills: 6/16/12—8/26/12
c) June and July 2012 Budget
7. Public Hearings
8. Continued Business
a) Review Strategic Plan
i. Business Visits
ii. Shop Local Campaign- Tracking Sheet
9. New Business
a) Metropolitan Consortium of Community Developers (MCCD) Presentation
b) Andrea Brennan, Community Development Agency
c) EDA Budget
10. City Staff Reports/Open Forum/Discussion
11. Adjourn
MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
Regular Meeting
June 25, 2012
1. CALL TO ORDER
The meeting was called to order by Chair Larson at 6:30 p.m.
Members Present: Larson, Bartholomay, Donnelly, Fogarty, Bonar, Jolley
Members Absent: May
Also Present: David McKnight, City Administrator; Lee Smick, City Planner;
Cynthia Muller, Executive Assistant
2. PLEDGE OF ALLEGIANCE
3. ROLL CALL
4. APPROVE AGENDA
City Administrator McKnight pulled item 6c)AK Performance Certificate of Completion
from the agenda to obtain more information. He also moved item 9a) Vermillion River
Crossing Update to the beginning of the agenda.
MOTION by Fogarty, second by Donnelly to approve the Agenda. APIF, MOTION
CARRIED.
5. CITIZEN COMMENTS/PRESENTATIONS
6. CONSENT AGENDA
MOTION by Fogarty, second by Bartholomay to approve the Consent Agenda as
follows:
a) Approved Meeting Minutes (5/29/12 Regular)
b) Received May 2012 Budget
APIF, MOTION CARRIED.
7. PUBLIC HEARINGS
9. NEW BUSINESS
a) Vermillion River Crossing Update
Mr. Dale Severson, of Coldwell Banker representing Dougherty Financing,gave
an update on Vermillion River Crossings. He will be focusing on finding retail
shops and developers. The CDA senior housing will be full by July. The goal is
to work with developers and retailers from the past who have showed interest in
developing in the area. Mr. Severson will be structuring marketing to appeal to
them. There was interest from a grocery store and a dental office and he will
contact them. Parcels can be divided to make the area appealing to interested
parties. Signage should go up this week and flyers will be sent to targeted
EDA Minutes(Regular)
June 25,2012
Page 2
audiences. City Administrator McKnight will provide Mr. Severson with contact
information for Culver's, which has shown some interest. City Planner Smick
will provide information from business visits.
Member Bonar asked Mr. Severson about his marketing approach. Mr. Severson
stated the clinic is stable, McDonald's is doing well, and the senior housing is an
appealing location. He will meet with those parties to find out why it was
appealing to them. Hwy 50 is an important thoroughfare. The brand for VRC is
that it is a stable community. U.S. Federal Credit Union has purchased the corner
lot by McDonalds. As growth occurs,they will build. The existing lots are all
clear, except for assessments. Parties who were interested in the beginning are
still out there.
8. CONTINUED BUSINESS
a) Review Strategic Plan
i. Business Visits
City Planner Smick has scheduled business visits for July 11, 2012, with Pressline
Industries, Feely Elevator, and Installed Building Solutions. Members Donnelly
and May will attend. Business visits for the downtown area are scheduled for
July 19, 2012, and Member Jolley will attend.
ii. Tracking Sheet
The next items staff will be working on are shop local and business attraction.
Staff sees these items as the backbone to carry on future steps. These items
should be accomplished by year end. Any funding to complete steps on the
tracking sheet would come through the budget.
iii. Dr. Dungy Survey Response
Staff met with Dr. Dungy to further review his responses to a survey on his
building completion. He mentioned having a"face of the City"throughout the
project. This will be the Development Assistant, which will be either the City
Planner or Assistant City Planner.
9. NEW BUSINESS
b) MCCD Open to Business Program
MCCD is a consortium that works with small businesses to help them expand.
They provide assistance with a business plan, loans, and marketing. They do not
show locations. They come in after a business has narrowed down a location.
The cost to participate is $10,000. The CDA would provide half so Farmington's
cost would be $5,000. Staff can invite them to an EDA meeting if there is
interest.
Member Fogarty would like to see other options. The State has loan programs for
cities under 50,000 in population. She will provide information to staff which she
obtained from the LMC conference. Member Jolley would like to hear about
other programs, but would like MCCD to give a presentation on what we get for
3
EDA Minutes(Regular)
June 25,2012
Page 3
our money, is there continuity once they get involved with a business, and is there
a guarantee they continue to work with them. Mayor Larson and Member
Donnelly would also like to hear more about them.
c) Grant Information
There is an online program which allows you to research grants by topic or by
grant funders, review them and apply. The cost is $175/year. Members agreed
they would like to know more about it. Member Fogarty noted knowing what is
out there goes hand in hand with being able to write the application to apply for a
grant. If we invest in one, we need to invest in both. Member Bartholomay felt
the more tools staff has the better. If we get just one grant, it will more than pay
for itself. Member Bonar suggested a targeted approach and that staff should
speak with a good writer to learn what is suited for us. He would like to see a list
of current users and how it works.
10. CITY STAFF REPORTS
a) Family Fresh Market Ribbon Cutting June 27, 2012
b) Ameriprise Financial Ribbon Cutting June 27, 2012
c) Park Dental Ribbon Cutting July 17, 2012
d) Razberry Beret Thrift Store Ribbon Cutting July 20, 2012
The CDA will be coming to an EDA meeting soon to discuss any upcoming projects.
The VRC sidewalk issue will be on the July 2, 2012, Council agenda.
Member Fogarty attended the LMC conference and a seminar on economic development.
We are doing a lot of things right with our fast track permit program. The seminar
pointed out that business visits are critical and there should be elected official outreach
when a deal is close to being finalized. She also learned that the EDA and the City
Council should not be the same people and would like to recruit business people for the
EDA.
11. ADJOURN
MOTION by Fogarty, second by Bartholomay to adjourn at 7:22 p.m. APIF,MOTION
CARRIED.
Respectfully submitted,��
✓Cynthia Muller
Executive Assistant
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LL
4
4, City of Farmington
430 Third Street
Farmington,Minnesota
651.280.6800•Fax 651.280.6899
'1,.", www.cilarmington.mn.us
TO: EDA Members
FROM: Lee Smick,AICP, CNU-A
City Planner
SUBJECT: Business Visits
DATE: August 27, 2012
INTRODUCTION/DISCUSSION
The EDA and staff performed eight business visits in August and nine visits in July. The EDA
visits have been appreciated by Farmington businesses. However, since there have been two
EDA members that have consistently been on the visits, staff proposes that visits be limited to
one per month. From now on, staff will ask for volunteers for the next month's visit in order to
determine if the visit occurs on Wednesday in the morning or Thursday in the afternoon(Christy
can only make Wednesday visits). Knowing who will attend the visits in the upcoming month
will make certain that the visits are covered by two EDA members.
ACTION REQUIRED
Discuss recent visits and volunteer for upcoming month's visit.
Respec emitted,
‘e#Wit&.
ee mick, ity Pl.
AICP, CNU-A
7
4i ii, City of Farmington
y 430 Third Street
ii Farmington,Minnesota
0„ 651.280.6800•Fax 651.280.6899
"r.4 vl010fr www.cifarmington.mn.us
W.CLfarnlington.mn.US
TO: David McKnight, City Administrator
FROM: Lee Smick, City Planner
SUBJECT: Summary of Business Visits—August 15, 2012
DATE: August 16, 2012
The BR&E team included Council Member Jason Bartholomay, Jeri Jolley and City staff(Lee&Tony). The
team visited businesses that included Crop Characteristics, Minnesota Pipe, JIT Powder Coating, and Thelen
Cabinet Company. A summary of each business visit is described below.
Crop Characteristics
Scott Sargent, owner,met with the BR&E team. Mr. Sargent stated that business is going well and they are
busy. They have been at this location for 14 years after moving the business from Northfield. The business
consists of testing crops such as alfalfa and red clover for distribution to companies selling seed to farmers.
They also rear insects to be sent to researchers involved in breeding corn, cotton, and other crops. Field testing
is conducted near Northfield. They sell their product all over the world. They don't do any advertising; it's all
by word of mouth through the breeding community.
Minnesota Pipe
Wade Baumberger, Vice president, met with the BR&E team. He stated that their business activity is getting
better. They distribute pipe from this facility to sites all over Minnesota and North Dakota. The pipe is brought
in by trucks or Progressive Rail in Lakeville. They have been in the location for over 15 years. In the future,
they would like to install another loading dock facing one of the interior roads for easy access of trucks carrying
the product. The Code states that this may occur because they are an interior lot in the park.
JIT Powder Coating
Russ Young, sales manager,met with the BR&E team. They coat powder onto items of all sorts and bake them
in a large oven. They have 53 employees currently,with 80-85%being Hispanic. Russ would like to see more
affordable housing to house his people. He thinks more businesses in the Industrial Park should diversify their
staff. They stated that they are very busy.
Thelen Cabinet Company
Jeff Thelen met with the BR&E team. He stated that he currently has 5 employees due to the economy;the
building was sized for 15 employees. His work is mostly with remodels and commercial buildings. He was
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curious why he didn't get a chance to bid when the license center was going to build cabinets in City Hall.
Thelen says that he pays $30,000 in property taxes and is concerned that businesses will leave town because of
the overbearing cost to do business. He wants to know what kind of feedback we get for the Community Guide
Quarterly newsletter. He also wants to know where GROW Farmington is going;the FBA has not gotten a
notice for a meeting in a long time.
Respec submitt-d,
iffill*
Lee Smick, City Planner
7
V 6,) City of Farmington
s
430 Third Street
Farmington,Minnesota
1 651.280.6800•Fax 651.280.6899
*s'."''`OM�� wwwci.farmington.mn.us
TO: David McKnight, City Administrator
FROM: Tony Wippler,Assistant City Planner
SUBJECT: Summary of Business Visits—July 19, 2012
DATE: July 20,2012
The BR&E team included Mayor Todd Larson,Jeri Jolley and City staff(Tony). The team visited businesses
that included Vintage Marketplace, Premier Bank, Anchor Bank, Farmington Independent, and Fan Club
Athletics. A summary of each business visit is described below.
Vintage Marketplace
Nancy Cauley met with the BR&E team. Ms. Cauley mentioned business is going good and she is very pleased
with her location in the downtown. She is seeing more and more people coming to the store, she even has
regulars coming from Wisconsin. She mentioned that she has what is called"occasional sales"where
everything in the store is on sale and basically cleans out the store and restocks it with new items. These types
of sales are very popular around the state and there is a website(www.occasionalsales.com)that indicates where
these sales are happening and when.
Premier Bank
Carole Severson and Brandon Wilcox met with the BR&E team. Premier Bank has been in this location since
the early 1990's. Ms. Severson mentioned that business has been good. Foot traffic comes and goes; however,
they have noticed a pickup in traffic on Thursdays due to the Farmers' Market. They attribute the downturn in
lobby and foot traffic to the accessibility of the internet, most banking options and questions can be answered
through the web so the need to physically go to the bank is not as relevant anymore. The bank is very
competitive with lending money,they are looking for more and more ways to get the money out.
Anchor Bank
Lisa Franxman met with the BR&E team. Ms. Franxman mentioned that business has been good as of late.
They are making a more and more concerted effort in being involved in the community. She identified a few
things that she believes could help Farmington,they were:
• Additional growth in the commercial sector;
• A need for a recreation center or YMCA type facility for the youth of the community;
• Chain restaurant;
/cD
She feels Farmington is on the brink of moving forward and that the opportunity is here for business.
Farmington Independent
Nathan Hanson met with the BR&E team. Mr. Hanson mentioned that print subscriptions are lower than they
would like and have been going down for the last three years. However, overall readership is up due in large
part to online reading. He mentioned that Twitter and Facebook have been huge for the newspaper. Their lease
is up next year but they will likely reup as they like being in the downtown. On suggestion that was brought up
was the idea of establishing a Welcome Wagon for the community.
Fan Club Athletics
Stacey Schultz met with the BR&E team. Mrs. Schultz stated business has been steady and that a bulk of her
business is outside of Farmington with the communities of Apple Valley, Rosemount and Hastings. She
mentioned that she has reduced or stopped carrying such things as shoes, shin guards and the like because she
cannot complete with stores such as Dick's Sporting Goods when it comes to those"smaller"items. She
mentioned that they just signed the account for Christian Life. The one suggestion that she had for the city was
to look at instituting a recycling program in the downtown.
Respectfully submitted,
r C
Tony Wipp er,Assis t ty Planner
6.,1i,, City of Farmington
' 430 Third Street
m 1 Farmington,Minnesota
._1 651280.6800 Fax 651.280.6899
' ,."„� `�'� www ci.farmington.mn us
TO: David McKnight, City Administrator
FROM: Lee Smick,AICP CNU-A
City Planner
SUBJECT: Summary of Business Visit—July 11, 2012
DATE: July 12, 2012
The BR&E team included Julie May, Terry Donnelly and City staff(Lee). The team visited businesses that
included Dakota Wood Design, Installed Building Solutions, Family Chiropractic Center, and Feely Elevator.
A summary of each business visit is described below.
Dakota Wood Design
Keith Gilmore met with the BR&E team. He bought the building in 1993 and the building was constructed in
the 40's. The building is 37,000 square feet in area and Dakota Wood takes up 13,000 sf of it. Keith has 11
tenants in the building and uses it as an incubator building for small business such as pin ball repair, antique car
restoration, and metal works. He has a 4-man shop and hopes to improve the façade of the building in the
future. His business in mostly advertised by word of mouth. He believes that Lakeville Transmission will be
moving from the location on August 1St
Installed Building Solutions
Jeremy LaBeau met with the BR&E team. Jeremy said that they are very busy and his company takes up 25%
of the share in the insulation business in the metro. He also has trucks running north of Minneapolis to install
insulation. He has a storage building in Hampton to store trucks. He has the building up for sale because he
needs more space. He would like a campus-style site with a 30,000 sf building. He is currently in his space at
15,000 sf. Staff is looking for a site with an existing building on it to purchase.
Family Chiropractic Center
Dr. Annie Mikelson and Dr. Truax met with the BR&E team. Annie bought the practice from Molly Aaron and
signed the rental agreement in April. Dr. Truax works part time at the location. Annie installed an x-ray
machine in the building when she moved in. She said her business is growing. She will have a ribbon cutting
in the near future.
/v�
Feely Elevator
Mark Malecha met with the BR&E team. He told us that the building was built in 1894 and is the oldest
privately owned elevator in the State. There have been only two owners of the building. He said at business is
growing and his very busy. They are now selling dog food,weed killer, etc to consumers to widen their scope
for business. Prices are e -asonable.
Respe1 sub si the
41011 #
ee mick CPC 15-
City Planner
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§44\1111111t iy� City of Farmington
430 Third Street
ma Farmington,Minnesota
�gc o
651.280.6800•Fax 651.280.6899
++'." � wwwci.farmington.mn.us
TO: EDA Members
FROM: Lee Smick,AICP, CNU-A
City Planner
SUBJECT: Shop Local Campaign
DATE: August 27, 2012
INTRODUCTION/DISCUSSION
In the Economic Development Strategic Plan spreadsheet(attached),the next action step is the
preparation of a"Shop Local" Campaign.
In order to understand the program, staff has researched if"shop local"campaigns work. They
do. For the fourth consecutive year, a national study on independent businesses in areas with
"shop local" campaigns have much greater revenue growth than independent businesses in areas
without such campaigns. The former gained an average revenue growth of 5.6%in 2010 and the
latter only saw an average revenue growth of 2.1%. Data for this study, conducted by the
Institute for Local Self-Reliance, was collected from 2,768 independent businesses over the
course of eight days in January 2010.
Average Change In Revenue In 2010
aO
5.0% S.s'
4.0%
3.0%
2.0%
all1.0%
0%
Independant b In aamanatitlem
• sail a'y d araim campaign
• wftiaaut a Buy Lanai"aampaPan
Sol Irstlafte far Lace Sell-Fall roa,2ID18 frisko 2lAnt ELVIels Surrey
How do "Shop Local" campaigns help independent businesses?The study says that almost 50%
of business owners in cities with active"shop local"campaigns reported that the campaign had
brought new customers to their business and 55% said it had made existing customers more
/9
loyal. More than two-thirds said local media coverage of independent businesses had increased
51%and said that local government officials were now more aware and supportive of the needs
of independent businesses."
Would you say that public awareness of the benefits of supporting
locally owned businesses has increased or decreased In the last year?
Don't know/Net.-
Decreased 8,`.
Stayed the same
64
Increased
Scone'Int3k As far Lcnl SoM-616amm 2014 &mos+Sun'i3
Overall, almost two-thirds of the survey respondents believed that "public awareness of the
benefits of supporting locally owned businesses had increased in the last year. "In other words,
the perceptions are in line with the revenue growth patterns:the campaigns are working. The
survey offers further proof that,with sustained efforts, communities can indeed raise local
consciousness and build a culture of support for local entrepreneurs" The study states that"most
of the campaigns operated by municipalities/chambers/business associations are funded by
businesses paying $20 or less per month in dues to belong to"shop local"campaigns. The return
on their investment is phenomenal."
The strongest campaigns engage businesses of every sector,demographic group, and location in
the community. The term"shopping"becomes too limiting, so many places use phrases like"go
local"or"choose local first"to demonstrate inclusiveness. The previous campaign,Farmington
First!, was a campaign that should be resurrected or improved upon. Consciously referencing
service industries as well as retail will ensure that all businesses are included in the campaign.
Why Local First?
As stated by the author of Going Local, "Going local does not mean walling off the outside
world. It means nurturing locally owned businesses that use local resources sustainably; employ
local workers at decent wages; and serve primarily local consumers. It means becoming more
self-sufficient and less dependent on imports. Control moves from the boardrooms of distant
corporations and back into the community where it belongs."
A study done in Western Michigan,reports that significantly more money re-circulates in that
area when consumers choose to support locally owned businesses. Unlike their national
competition, locally owned businesses regularly purchase from other local retailers,
manufacturers, service providers and farms (something that Farmington business owners should
strive for in the community). Supporting locally owned businesses is critical in growing a strong
community economy and tax base.
LOCALLY OWNED BUSINESS NON4OCALLY OWNED BUSINESS
SPMD S[N AI A LOCAL 4665 NtSS / 5ILND¢I00 AI A NONlOCAL BUO U S
+t 1M'MlM $32 LEAYE '64,4 to om*n4
+rr,1, taco rca.G.f $s 7 tiAYE
ia. sow mss► NOR.
WWI gle•
,a.
STAY ► •r
IS WU WSW
itirViErr WW1
$#3 STAY 0 71/111V
ORM
»
MIIKL inn*
moat 0010.1
oammot
`474Pyw�w eG+A"
'err WA
awe=etowry Sterns ta v.sa re
SOURCE: Civic Economics-"Local Works!"Study,2008.Commissioned by Local First.
According to the research firm Civic Economics,when Western Michigan consumers choose a
locally owned business over a non-local alternative, $68 of every$100 spent stays in the
community. By contrast, only$43 of every$100 spent at a non-locally owned business remains
in the community. The Local First concept is infused in all segments of the community-
including business, education, and public service. The region operates as a local living economy
comprised of thriving locally owned businesses and characterized by economic prosperity, social
equity, and environmental responsibility.
In conclusion,research has shown that independent businesses in communities with active "shop
local (go local)" initiatives report stronger sales growth than those in cities without such
campaigns, and large majorities identifying independent, local ownership as something
increasingly on the minds of consumers.
Proposal
The proposal that staff has prepared to ignite the "Go Local Campaign is as follows:
1. Reconvene the GROW Farmington meetings to generate input from business owners
concerning the Go Local campaign. City staff will provide guidance,but the Farmington
Business Association needs to step up to the challenge of creating the brand of the
campaign, supplying manpower to get the word out to residents, schools, and businesses,
and funding these efforts. Chad Hjellming from the Farmington Independent has offered
his marketing services towards the campaign. Discussion with the FBA needs to take
place to determine funding for the campaign.
2. Advertising is a key to getting the word out concerning the campaign. Flyers,newspaper
articles, signs,handouts,radio advertising, Channel 16 advertising, and City Council
advertising needs to be funded by the FBA members through a monthly membership. It
is important that all printed material be submitted to Farmington Printing for local
printing of the items. Staff will provide coordination of the advertising, design ideas,and
possibly markups of the advertising for printing. If"Farmington First!"is chosen for the
campaign, staff will coordinate with previous campaign organizers for the template of the
logo. Staff will also coordinate the media for broadcast campaigns(i.e.,radio, Channel
16, and newspapers).
3. Staff will request funding from the City for startup costs for advertising the campaign.
This is a great opportunity to utilize a small portion($5,000) of the $50,000 special
operations funding in the EDA budget. EDA and City Council approval will be
requested. The advertising funds requested will be prepared in greater detail as the
GROW Farmington group prepares the branding of the campaign. The maximum
amount the City would fund is $5,000. Staff feels it is important to extend funds to this
effort for promoting City businesses.
BUDGET
$5,000 for special operations—EDA budget
ACTION REQUIRED
Review campaign information and proposal. Discuss the proposal of extending City funds to the
campaign effort.
Respect = 1 1 1 1 ed,
ee mick, City Planner
AICP, CNU-A
o*Fkii City of Farmington
M 430 Third Street
`< 1 Z Farmington,Minnesota
KW" 651.280.6800•Fax 651.280.6899
www.cifarmington.mn.us
TO: EDA Members
FROM: Tony Wippler,Assistant City Planner
SUBJECT: MCCD"Open to Business"Program Presentation
DATE: August 27,2012
INTRODUCTION
At the June 25, 2012 EDA meeting staff introduced the Authority to the Open to Business Program that is run by the
Metropolitan Consortium of Community Developers (MCCD). At that meeting the EDA requested that representatives
from MCCD attend a future meeting to give a presentation and to answer any questions that the Authority may have
regarding possibly participating in the Open to Business Program. Mr.Lee Hall from MCCD will be in attendance to give
a brief presentation and to answer any questions.
Below, for the EDA's review, is information that was previously provided from staff regarding MCCD and the Open to
Business Program:
REVIEW AND DISCUSSION
Planning staff has recently begun participating in a bi-monthly Economic Development Group consisting of ED
professionals from around Dakota County. This group has been informally discussing the potential partnering with the
MCCD to establish an"Open to Business"presence in Dakota County. The Economic Development Group has asked the
City of Farmington along with 10 other Dakota County Communities to determine their level of interest in monetarily
participating in establishing such a program.
Background on MCCD and the Open to Business Program
MCCD is a 49 member association committed to increasing opportunities for development of quality, community-based
projects through collaborative action on public policy issues, loan fund development, public education efforts, and long-
term strategic planning.
The "Open to Business" program is designed to provide intensive one-on-one technical assistance to small City business
owners and entrepreneurs who are intending to establish, purchase, or improve a business in a participating City. Some
of the technical assistance that would be provided includes:
• Business Plan development
• Feasibility analysis
• Marketing
• Cash flow and other financial projection development
• Operational analysis
• City and State licensing and regulatory assistance
• Loan packaging,and other assistance in obtaining financing
• Help obtaining competent legal advice
Attached to this memorandum please find a proposal from MCCD that has been submitted to the Economic Development
Group outlining a proposal for establishing an "Open to Business" program in Dakota County. Under the attached
proposal, it would require $150,000 annually to fund the program Countywide with Farmington's share being $10,000
(the CDA is currently proposing to cover half of the cost; therefore the actual city cost would be $5,000). Each
Communities share of the $150,000 would be based on population with the larger communities paying more. If MCCD
secures a contract with Dakota County they would hire a full-time staff person to essentially run the program for the
participants. The staff person would likely be based out of the CDA office but would have set hours at each of the
participating communities offices.
MCCD can be made available to give a presentation at a future EDA meeting.
BUDGET IMPACT
$5,000 would have to be budgeted for in 2013 if the EDA is receptive to participating in the program as outlined in the
attached proposal.
ACTION REQUESTED
Review the attached proposal from MCCD and provide staff with the level of interest in participating in establishing an
"Open to Business"program in Dakota County.
Respectfully submitted,
c
Tony Wippler,Assistant City Planner
dy
i
tc; Ez1
MCCD is TO ausstuSS in your community
Who is MCCD?
The Metropolitan Consortium of Community Developers(MCCD)is a 49 member association committed
to increasing opportunities for development of quality,community-based projects through collaborative
action on public policy issues, loan fund development,public education efforts,and long-term strategic
planning. Through these efforts,we have been able to demonstrate the effectiveness and efficiencies
gained by a shared vision and cooperation.
Our mission is to: "work collectively to build strong, stable communities by leveraging resources for the
development of people and places." Our goals are to: 1)increase popular,political,business,and
fmancial support for community-based housing and small business development organizations;2)create
access to loan capital and technical assistance for emerging entrepreneurs;and 3)increase the
effectiveness of community-based development through coordination,collaboration,and capacity
building activities.
MCCD's work is centered on three distinct program areas:Emerging Small Business Program,Member
Convening,and Public Policy.
Emerging Small BusinessProgram: Provides capital access and technical assistance for existing
businesses and aspiring entrepreneurs who are unable to fully access the commercial banking system.
The organization funds or participates in an average of 50 loans per year,with loan amounts of up to
$100,000. Along with capital,MCCD staff provides more than 2,000 hours of direct technical assistance
to entreprenuers. Technical assistance services include business plan development,loan packaging,
feasibility studies,cash flow and financing projections,marketing plans,assistance with licensing and
filing requirements, and development of sound financial management and tracking systems. Historically,
more than 80%of MCCD's loans have been to minority borrowers. For many of our borrowers the loans
provide self-employment,and unique opportunities for advancement and personal enrichment as business
owners that may not be available to them as employees. Open to Business is a part of the Emerging
Small Business Program.
Convening:MCCD acts as a convener for our members. This is accomplished through monthly meetings
of our Housing Committee,Economic Development Committee,and St.Paul Task Force. Agendas for
each reflect the focus of the participating members. Meetings typically involve guest presenters on topics
of relevance, strategy sessions related to common concerns,or general updating and sharing among the
attendees.On at least an annual basis, staff from the City of Minneapolis' Community Planning and
Economic Development(CPED),City of St.Paul's Planning and Economic Development(PED),the
Minnesota Housing Finance Agency(MF FA),the Family Housing Fund,and Hennepin County among
others,would be invited.
Public Policy: With the combined expertise of the leading community development organizations,
MCCD has become a recognized and respected voice on housing, small business development,and inner-
city commercial development. Through the work of our standing committees,MCCD shapes an annual
policy platform and legislative agenda that is formally adopted by the board of directors. These
documents provide direction to staff as to items MCCD takes the lead on,those that we support others,
and those that we monitor. Aside from the adopted positions,MCCD responds frequently to new
program proposals,changes in policy or procedures,and funding changes at the local,state and federal
levels.
o?,c
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MCCD is TO BUSINESS in your community
What is Open to Business?
MCCD's Open to Business program brings on-site business services specialists who can expand
your community development staffs expertise in such areas as start-up financing and business
plan development. We can respond to requests for business assistance when those requests are
beyond the range of the services normally provided by your municipal agencies.
Open to Business Technical Assistance Services in Dakota County:
MCCD will provide intensive one-on-one technical assistance to small City/County business
owners and aspiring entrepreneurs intending to establish,purchase, or improve a business in the
City/County. Technical assistance includes,but is not limited to the following:
> Business plan development
➢ Feasibility analysis
• Marketing
> Cash flow and other fmancial projection development
• Operational analysis
• City and State licensing and regulatory assistance
• Loan packaging, and other assistance in obtaining financing
• Help in obtaining competent legal advice
MCCD intends to hire a full time staff person once the minimum amount of contract is secured
in Dakota County. This staff member will be based in Dakota and Carver County full time. The
business advisor will be available to meet clients at the various city halls of municipalities that
are OTB cities or at their place of business. This staff person will be based out of donated office
space either at the Dakota CDA or another facility in the area. Currently in OTB cities in
Hennepin County we hold two-hour"Test Drive Your Business Idea" sessions once a month.
We plan to offer this service to Dakota County municipalities.
MCCD has offered technical assistance services since 2003,primarily through our staff
facilitator,Rob Smolund. Rob came to MCCD from the City of Richfield Enterprise Facilitation
project—a Hennepin County supported initiative. In the years since, our program has added
specialists in the areas of business accounting, finance,real-estate development, and regulatory
compliance. We now offer a team of professionals and former business owners who can provide
real world advice to clients, and tailor that support to meet each client's specific needs.
Depending on the needs of the client,that assistance can include business plan development,
feasibility studies, cash flow and financing projections,marketing plans, licensing and filing
requirements, and development and implementation of sound financial management and tracking
systems. Even if the client can obtain all their financing from a bank, staff will assist them in
preparing their loan request and will advocate for the client with the bank. In essence,MCCD
staff members become an advisor, an advocate, and a partner for that entrepreneur to lean on. In
addition, each entrepreneur can draw on the diversity of backgrounds and expertise of our team
K�t
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MCCD is ,, TO BUSINESS in your community
of experts, gaining the kind of support more established businesses benefit from with hired
professionals and/or Boards of Directors.
Open to Business Access to Capital
Access to capital will be provided to qualifying businesses through MCCD's Emerging Small
Business Loan Program(see Exhibit B Small Business Loan Program Guidelines below).
MCCD also provides its financing in partnership with other community lenders,banks or
municipalities interested in making capital available to residents and/or businesses in their
community.
EXHIBIT B
Small Business Loan Program Guidelines
Loan Amounts:
• Up to$25,000 for start-up businesses
• Larger financing packages for established businesses
• Designed to leverage other financing programs as well as private financing provided by
the commercial banking community.
Eligible Projects:
• Borrowers must be a"for-profit"business.
• Business must be complimentary to existing business community.
• Borrowers must have equity injection as determined by fund management.
Allowable Use of Proceeds:
• Loan proceeds can be used for working capital, inventory,building and equipment and
general business operations.
Interest Rates:
• Loan interest rate is dependent on use,term and other factors,not to exceed 10%.
Loan Term Length:
• Loan repayment terms will generally range from three to five years,but may be
substantially longer for major asset financing such as commercial property.
Fees and Charges:
• Borrowers are responsible for paying all customary legal and other loan closing costs.
a2
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MCCD is TO BUSINESS in your community
Open to Business Loan Products
MCCD manages a multi-million dollar loan pool consisting of a mix of State,Federal,Bank and
private capital sources. We are able to structure financing packages for a variety of business
purposes that are flexible and designed to either enhance a business's opportunities to leverage
private financing,or act as a bridge to future financing be traditional capital markets. Below are
some examples of the fmancing packages available to Open to Business clients:
® Loan Packaging/Facilitation
MCCD staff can assist potential borrowers with the preparation of business plans, cash
flow and other financial projections and loan application materials. Our staff can assist
entrepreneurs in identifying borrowing needs and accessing community lending programs
that provide favorable terms and conditions for small business borrowers. We work with
our clients to help them find the fmancing that best meets their unique needs.
• Micro Loans
Direct loans from MCCD for a variety of business purposes, including inventory,
working capital, asset and equipment purchases, and start-up costs. Typical loan terms of
3-5 years, loan sizes up to $25,000 for retail/service businesses, or$50,000 for
manufacturing businesses. This program is targeted to start-up and early stage businesses
that cannot secure financing from traditional commercial lenders.
® Four Percent Loan Program
MCCD loans in partnership with private lenders for physical improvements and hard
asset/equipment purchases. MCCD can provide financing of up to $40,000 at an interest
rate of 4%provided that its funds are matched by an equal or greater amount of bank
funds. The 4%rate is available for bank partnership loans provided that the term on the
MCCD loan does not exceed five years.
• Real Estate Participation Loans
MCCD loans in partnership with private lenders to provide gap financing for real estate
acquisition projects—including projects financed through the SBA 504 program. MCCD
matches the bank's rate. MCCD also matches the bank's term provided that the term
does not exceed 10 years.
• Real Estate Acquisition Financing
MCCD, in partnership with private lenders,provides permanent term financing for
commercial real estate acquisition—up to 90% of the property's appraised value. MCCD
dF
illy
o p E
MCCD is 'j TO BUSINESS in your community
will provide up to 40% of the appraised value,with the bank providing 50%and holding
first secured position. MCCD will match the bank's rate with terms up to 10 years
(though amortizations may be longer).
O Transactional Financing
MCCD provides short term loans for businesses whose cash flow cycle inhibits them
from making regular monthly loan payments. Transactional loans are often used by
construction contractors who have received or about to receive a construction contract
with a community agency. MCCD can provide up front fmancing to cover the cost of
labor and material associated with the contract. When the work on the contract is
completed,the contracting agency issues a two-party check to cover the completed work,
payable to MCCD and to the contractor. Larger loans are also available for businesses
with performance bonds and escrow payment arrangements.
Loan Origination and Servicing
MCCD seeks to integrate its financing products with other available resources in its service
areas. To facilitate that integration,MCCD may be able to originate,package,underwrite and
potentially service loan funds or programs offered by the County, individual Cities, or other
Development authorities.
Partnerships in other Open to Business communities include management of community
facade/fix-up grants,packaging of City-controlled loan products,and full underwriting and
servicing of Commercial loans with City funds "purchasing"a portion of the total fmancing.
Where appropriate,MCCD and the municipal lending authority shall enact a separate agreement
to govern the rights and duties of each party to such a partnership.
a7
PY ��
� II
MCCD is TO BUSINESS in your community
Dakota County Fees:
Based on MCCD's current work load and resources,we would have to have a minimum of$100,000 in
annual fees to begin work in Dakota County.The individual city pricing is listed below. To avoid
confusion on what city is an Open to Business city,we would recommend covering all of Dakota County
for$150,000 annually.
Whole
population employment county OTB
(2010) (2011) Annual Fee
Dakota County 400,000 170,582 $150,000.00
Sort by population;largest to smallest
Open To
population employment Business
(2010) (2011) Annual Fee
Eagan 64,206 49,032 $ 15,000.00
Burnsville 60,306 31,656 $ 15,000.00
Lakeville 55,954 14,522 $ 15,000.00
Apple Valley 49,084 14,350 $ 15,000.00
IGH 33,880 9,647 $ 12,500.00
Hastings 22,172 8,303 $ 10,000.00
Rosemount 21,874 6,980 $ 10,000.00
Farmington 21,086 4,461 $ 10,000.00
SSP 20,160 8,112 $ 10,000.00
WSP 19,540 7,683 $ 10,000.00
MH 11,071 11,528 $ 7,500.00
City Total 379,333 166,274 $130,000.00
Marketing Open to Business:
• Inform all city staff of OTB program, especially staff that has contact with prospective
entrepreneurs and existing businesses. Have OTB staff make short presentation at city
staff meetings
• Feature OTB on website, especially advertise monthly walk in counseling sessions
• Include article in city newsletter
• Notices in utility bills
• Promote program through local chamber of commerce
• Coordinate meetings with key community bankers and OTB staff
• Press releases to community newspapers on businesses helped by OTB
30
2011 Open to Business Lending Report
4 ,/`'
0
2011 Highlights
1 • MCCD helped 86
r entrepreneurs secure capital
,. to start,expand or improve
their businesses.
v � • These 86 entrepreneurs were
' }q . f ' - located in 20 communities
�', 1, �t}j .r • .
�' W throughout the metro area
,
• MCCD support enabled our
a. '
,,_w entrepreneurs to access nearly
$5 million in capital for their
business projects.
' " • MCCD staff provided valuable
technical assistance to 400
About MCCD's Open to Business Loan Program entrepreneurs.
Small businesses provide the economic governments. Through our Open to
lifeblood for their communities by Business partnerships, we help local • Twenty-seven metro-area
generating jobs,filling empty governments create their own business residents received credit
loans.
storefronts, providing needed goods support programs targeted at residents building
and services, and creating wealth. and entrepreneurs in their communities.
• credit building borrowers who
MCCD has always been "Open to At the end of 2011,six suburban had completed the program
Business" - a term that describes our municipalities were Open to Business saw their credit scores
on-going efforts to provide business partners with another 10 scheduled to increase an average of 33
advice and financing for emerging enroll in 2012. points.
entrepreneurs in partnership with
metro-area municipal
2011 Lending Program Report
MCCD helped 86 entrepreneurs MCCD helped 30 businesses affected
secure capital to start, expand or by the May 2011 tornado in north
improve their businesses.Thirty-two of Minneapolis access business recovery rimiECD's Mission
these entrepreneurs also received loans from the city to help with
loans from MCCD. Altogether these 86 building repairs. MCCD also helped To work collectively to
entrepreneurs created or retained 488 another 14 businesses obtain
jobs for their communities. forgivable loans to help offset some of build strong stab)
their decline in sales as a result of the
light rail construction. communities by
Entrepreneurs by Ethnicity In 2011, MCCD provided nearly
African 13% $730,000 in direct loans to leveraging resourc- =
businesses and leveraged another
African American 33°' $4.1 million in capital from other for the developmen
Asian 8% sources including banks, our
community lending partners, and of people and plat-
Caucasian 46% owner equity.
Latino 1%
_3/
Location of Businesses that Received
Sources of Financing for Assisted
Financing Businesses
#of Total Project Other
Businesses MCCD Cost* $115,000 MCCD
City Assisted Financing other $729,902
Andover 1 7,400 Nonprofits
$604,500 ,ti
Blaine 1 40,000 1,070,000
Bloomington 2 65,000 235,000 Govern't
Brooklyn Park 5 87,500 682,626 $488,951 Equity
Burnsville 2 27,500 $962'826
20,000 mm„ ` ,,
Crstal 2 25,000 25,000
Elbow Lake 1 5,800
Golden Valley 1 25,000 25,000
Minneapolis 58 179,902 1,107,325 Bank
North St.Paul 2 110,000 110,000 $1,939,471
Oak Grove 1 25,000 25,000
Plymouth 2 40,000 625,000
Robbinsdale 1 25,000 110,000
Roseville 1 15,000 17,000 Pumphouse Creamery Corporation
Saint Paul 2 47,500 615,500 Minneapolis
St.Anthony 1 25,000 80,000 k,
St. Louis Park 1 50,000 ,-k ,v `' "
}' a '�
.. "ot'
ttof 11641(
41
Wadena 1 7,500 r r►t
White Bear Lake 1 7,500
Woodbury 1 7,500 LL
Total 86 $729,902 $4,840,651 *
Source:MCCD Loan Program .,
*Includes MCCD Financing,Partner Financing and Owner Equity
Technical Assistance
Starting and growing a small business is not
easy. Often the technical assistance that MCCD
offers can be of more value to an entrepreneur _. >. .
than financing. In 2011 our staff provided over
1,650 hours of technical assistance to 400 With the help of a loan from MCCD, Barb Zapzalka
entrepreneurs in the metropolitan area, helping was able to purchase new production equipment for
them improve their planning, marketing,and her business, Pumphouse Creamery Corporation.
financial management skills. Barb makes all-natural,handmade ice cream and
home-brewed root beer at her shop at 48th and
Chicago in south Minneapolis.
R.F.Beardsley Services LLC
(pictured on page 1)
Established in 1964 under the name CLG Enterprises to manufacture and market equipment and gear used by
rodeo performers,the business was bought in 2003 by Richard Beardsley. The company has used its sewing
expertise to shift its market focus from rodeo gear to medical gear. For example,the padded vests initially
manufactured by the company to protect bull riders have been redesigned and adapted for use by individuals
suffering from cystic fibrosis. The company employs a workforce of 20 at its south Minneapolis manufacturing
plant. MCCD provided a loan for working capital.
MCCD Open to Business Lending Report•2011.(612)789-7337
,3Q?
Transactional Financing Program
Cash flow can be
challenging for small
contractors who have to
buy supplies and pay their
F employees long before
they can bill their
customers for a
completed job. MCCD's
transactional financing
�- program provides a
,' all tme to
contractors reendous working with
•
:_ Salem, LLC community programs and
.� . Brooklyn Park partners.
' ,„:, '..:;Sit t 0
MCCD partnered with the Greater Metropolitan Housing Corporation's(GMHC) Housing Resource Center to provide a cash
flow loan for Salem, LLC, a residential remodeling contractor. The loan enabled the company to cover its early expenses
for a GMHC-funded home rehabilitation project in the Phillips neighborhood of south Minneapolis. Salem's Willie McAfee
is shown here in front of his company's completed project on 22nd Avenue.
Credit Building Program
In 2011 MCCD worked in partnership with Project for Those borrowers who have been in the program for at
Pride in Living's Center for Working Families, Lutheran least a year and at the same time continue to work
Social Service's Eastside Financial Center, Build Wealth diligently to improve their credit are making great
Minnesota and the Neighborhood Development Alliance strides. Twenty-one participants saw their credit
to provide 27 credit building loans to area residents. scores increase by 33 points from an average credit
This brings the total to 68 credit building loans since the score of 592 to 625 since starting the program.
program started in 2009. Another 10 participants who started the program with
no credit score were able to achieve an average
Our partners provide financial counseling in conjunction score of 628, with two achieving scores of 700 or
with small personal loans from MCCD. This combination better.
of counseling with loans is helping program participants
improve their credit scores. Better credit scores can
mean lower interest rates on car and other loans, and
better access to affordable insurance and housing.
`e,.r P.F i& f r R5e, e, , 7 I a g V{ '2 e 3 w d-, ,.�v �, ,,, ge "' irlIl ya s'a 10 u x Rtr i -Yi -6g
§ E as �. ig d{y��i ,. ,4 ,", � *ax l, .. ' g,4 F { a,. tr` a ,4: �` ` ",:.
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,
33
2011 MCCD Open to Business Program
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Partnerships
MCCD has worked with the following partners
to help small businesses obtain capital:
• African Development Center
• Metropolitan Economic Development Metropolitan Consortium of
Association(MEDA)
• Bank Cherokee • Minneapolis Department of Community Community Developers
• Brooklyn Park Development Corporation Planning and Economic Development
• BuildWealth Minnesota • Neighborhood Development Alliance
• CCI Surety • Neighborhood Development Center 3137 Chicago Avenue
• Minnesota Department of Employment and • Northside Economic Opportunity
Economic Development Network(NEON) Minneapolis, MN 55407
• Housing and Redevelopment Authority of • Northeast Bank
the City of Saint Paul • Project for Pride in Living Center for
• Latino Economic Development Center Working Families Phone:
• Lutheran Social Services Eastside Financial • Unity Bank
Center • Venture Bank (612) 789-7337
Capital Sources
MCCD's loan program is funded from a variety of sources,including: For more information:
Open to Business Program
• Community Development Financial Institution(CDFI)Fund Rob Smolund,(612)789-7337
• Brooklyn Park Development Corporation ext.11
• Minneapolis Community Planning and Economic Development
• Minneapolis Empowerment Zone Credit Building Program
• Minnesota Department of Employment and Economic Development Mara O'Neill,(612)789-7337
• Wells Fargo Community Development Corporation OPEN)C('� ext. 10
• U.S.Bancorp Community Development Corporation \,,,/r G �t
• William C. Norris Institute TO BUSINESS
Page 4 :4 . ' . 00f5 Open to Business Lending Report•2011•(612)789-7337
mom.
96
�o ��► City of Farmington
's 430 Third Street
1 N Farmington, Minnesota
1 0 v/ 651.280.6800•Fax 651.280.6899
www.ci.farmington.mn.us
TO: EDA Members
FROM: Lee Smick,AICP, CNU-A
City Planner
SUBJECT: CDA Visit
DATE: August 27, 2012
INTRODUCTION/DISCUSSION
Andrea Brennan, Director of Community& Economic Development, will be in attendance to
meet with the EDA concerning any questions the EDA may have about the CDA's role in
economic development.
ACTION REQUIRED
Meet with the CDA and ask questions.
Respectfully submitted,
Lee Smick, City Planner
AICP, CNU-A
35
7e,
moo iy�► City of Farmington
430 Third Street
z
Farmington,Minnesota
gt
0 651.280.6800•Fax 651.280.6899
www.ci.farmington.mn.us
TO: EDA Members
FROM: David J. McKnight, City Administrator
SUBJECT: 2013 EDA Budget
DATE: August 27, 2012
INTRODUCTION
Included with this memo for your review is the draft 2013 EDA budget. While the EDA budget
is not extensive, staff wanted the EDA to get a look at the budget and recommend approval of
the budget to the City Council. The City Council is scheduled to approve the preliminary 2013
budget at their September 4, 2012 meeting.
DISCUSSION
The two budget sheets attached will show you that the 2012 budget of$9,392 has all already
been spent. This is because of the sidewalk that the EDA agreed to put in on the south side of
the Emanuel Dental building. Revenues for 2012 are at 28.44% of the year. The two categories
of revenue listed are interest and miscellaneous.
The final portion of the budget summary page is the transfers section. The 2013 budget includes
a transfer of$50,000 from the General Fund. This was started in 2012 to provide the EDA with
some funds to operate with. These funds are placed in the EDA fund and carried over from year
to year if they are not used. These funds are raised through the tax levy. In 2012 they are
assisting getting the EDA fund out of a negative status. The$50,000 transfer is included in the
2013 budget and the EDA and City Council should discuss if they would like this transfer to
continue in 2013.
Also in the transfers section is a loan repayment in the amount of$33,500 to the Storm Sewer
Trunk Fund. Staff is verifying the purpose of this loan and will share the results at the EDA
meeting.
The proposed 2013 EDA budget includes dollars for potential professional services($3,220),
legal services($2,000), electricity for the downtown sign(the FBA is still reviewing the
proposed lease of the sign that would lease it to them to operate along with the responsibility for
the electrical costs) and expenses for insurance ($1,000).
I have attached a portion of the monthly financial report that the City Council reviews. You will
see that the EDA started 2012 with a fund balance of-$178,551 and has a fund balance at the end
of July of-$56,334. Please keep in mind that the loan repayment to Storm Sewer Trunk Fund
has not been made yet this year.
BUDGET IMPACT
Summarized with this memo.
ACTION REQUESTED
If the EDA is comfortable with this draft budget, a motion should be made to recommend
approval of the 2013 draft budget to the City Council. Special attention should be paid to the
$50,000 transfer that was started in 2012 to see if there is a desire to continue this transfer in
2013.
Respectfully submitted,
David J. McKnight
City Administrator
37
CITY OF FARMINGTON
2013 BUDGET
EDA-2000
REVENUES APPROVED THROUGH APPROVED THROUGH REQUESTED ESTIMATED
2011 12/2011 % 2012 7/2012 % 2013 2014
4955 INTEREST $2,700 $3,195 118.33% $2,284 $1,359 59.50% $2,200 $2,200
4975 RENTAL INCOME $13,761 $2,675 19.44% $0 $0 #DIV/Ol $0 $0
5010 SALE OF ASSETTS $0 $123,901 #DIV/Ol $0 $0 #DIV/OI $0 $0
5350 MISCELLANEOUS $2,625 $3,657 139.31% $2,495 $0 0.00% $0 $0
TOTAL REVENUE $19,086 $133,428 699.09% $4,779 $1,359 28.44% $2,200 $2,200
EXPENSES
6100 PERSONAL SERVICES $0 $0 #DIV/0I $0 $0 #DIV/0I $0 $0
6200 SUPPLIES $0 $0 #DIV/0I $0 $0 #DIV/0I $0 $0
6400 OTHER SERVICES/CHARGES $19,086 $36,858 193.12% $5,695 $9,392 164.92% $6,620 $6,620
6900 CAPITAL OUTLAY $0 $0 #DIV/0I $0 $0 #DIV/0I $0 $0
TOTAL EXPENSES $19,086 $36,858 193.12% $5,695 $9,392 164.92% $6,620 $6,620
INCOME(LOSS)BEFORE $0 $96,570 #DIV/0I -$916 -$8,033 876.97% -$4,420 -$4,420
TRANSFERS
TRANSFERS
7310 STORM SEWER TRUNK FUND -$33,500 -$33,500 100.00% -$33,500 $0 0.00% -$33,500 $0
7310 GENERAL FUND $0 $2,930 #DIV/OI $225,000 $131,250 58.33% $50,000 $50,000
TOTAL TRANSFERS -$33,500 -$30,570 91.25% $191,500 $131,250 68.54% $16,500 $50,000
TOTAL AFTER TRANSFERS -$33,500 $66,000 -197.01% $190,584 $123,217 64.65% $12,080 $45,580
3F
8/22/2012 EDA Budget
CITY OF FARMINGTON
2013 BUDGET
EDA
ADOPTED THROUGH APPROVED THROUGH REQUESTED ESTIMATED
PERSONNEL 2011 12/2011 % 2012 7/2012 % 2013 2014
6110 SALARIES-FT $0 $0 #DIV/0I $0 $0 #DIV/01 $0 $0
6112 SALARIES-OT $0 $0 #DIV/0I _ $0 $0 #DIV/0I $0 $0
6120 SALARIES-PT $0 $0 #DIV/0! $0 $0 #DIV/01 $0 $0
6130 COMP TIME $0 $0 #DIV/0I $0 $0 #DIV/OI $0 $0
6135 OTHER PAY $0 $0 #DIV/01 $0 $0 #DIV/0I $0 $0
6152 FICA/MEDICARE $0 $0 #DIV/01 $0 $0 #DIV/01 $0 $0
6154 PERA $0 $0 #DIV/01 _ $0 $0 #DIV/0I $0 $0
6156 HCSP $0 $0 #DIV/01 $0 $0 #DIV/0I $0 $0
6158 EMPLOYEE BENEFITS $0 $0 #DIV/0! $0 $0 #DIV/01 $0 $0
6159 WORKERS COMP $0 $0 #DIV/01 $0 $0 #DIV/0I $0 $0
TOTAL PERSONNEL $0 $0 #DIV/0I $0 $0 #DIV/01 $0 $0
SUPPLIES
5502 COST OF GOODS SOLD $0 $0 #DIV/01 $0 $0 #DIV/01 $0 $0
6220 EQUIPMENT/SUPPLIES $0 $0 #DIV/0! $0 $0 #DIV/01 $0 $0
TOTAL SUPPLIES $0 $0 #DIV/OI $0 $0 #DIV/0! $0 $0
OTHER SERVICES
6401 PROFESSIONAL SERVICES $8,646 $7,251 83.87% $3,220 $8,069 250.59% $3,220 $3,220
6403 LEGAL SERVICES $5,171 $23,124 447.19% $2,000 $615 30.75% $2,000 $2,000
6411 TELEPHONE $0 $0 #DIV/0! $0 $0 #DIV/0I $0 $0
6412 CELLULAR TELEPHONES $0 $0 #DIV/0! $0 $0 #DIV/01 $0 $0
6421 MUNICIPAL SERVICES $0 $66 #DIV/01 $0 $0 #DIV/01 $0 $0
6422 ELECTRICAL $628 $432 68.79% $475 $142 29.89% $400 $400
6423 NATURAL GAS $0 $0 #DIV/01 $0 $0 #DIV/01 $0 $0
6426 INSURANCE $996 $996 100.00% $0 $581 #DIV/01 $1,000 $1,000
6445 POSTAGE $0 $0 #DIV/0! $0 $0 #DIV/01 $0 $0
6450 OUTSIDE PRINTING $0 $183 #DIV/0I $0 $0 #DIV/01 $0 $0
6460 DUES/SUBSCRIPTIONS $0 $1,220 #DIV/0I $0 $0 #DIV/01 $0 $0
6470 TRAINING/SUBSTINANCE $445 $40 8.99% $0 $0 #DIV/0I $0 $0
6485 MILEAGE $200 $36 18.00% $0 $0 #DIV/0! $0 $0
6570 PROGRAM EXPENSE $3,000 $3,510 117.00% $0 -$15 #DIV/0! $0 $0
7420 MISCELLANEOUS $0 $0 #DIV/0I $0 $0 #DIV/01 $0 $0
TOTAL OTHER SERVICES $19,086 $36,858 193.12% $5,695 $9,392 164.92% $6,620 $6,620
TOTAL BUDGET $19,086 $36,858 193.12% $5,695 $9,392 164.92% $6,620 $6,620
3,
8/22/2012 EDA Budget
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