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Home My WebLink About05.28.13 EDA Packet i AGENDA REGULAR ECONOMIC DEVELOPMENT AUTHORITY MEETING May 28, 2013 6:30 P.M. CITY COUNCIL CHAMBERS Todd Larson, Chair; Geraldine Jolley, Vice-Chair Douglas Bonar, Steve Wilson, Kirk Zeman 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 (4/22/13 Regular) Approved b) Bills: 4/22/13 —5/27/13 Approved c) April 2013 Budget Information Received 7. Public Hearings 8. Continued Business a) Business Visits Information Received b) Business Attraction Team Update Information Received c) Review Business Subsidy Policy Table Work on Incentives 9. New Business a) Examination of Vermilion River Crossing Information Received b) Open to Business First Quarter Report Information Received 10. City Staff Reports/Open Forum/Discussion 11. Adjourn MINUTES ECONOMIC DEVELOPMENT AUTHORITY Regular Meeting April 22, 2013 1. CALL TO ORDER The meeting was called to order by Chair Larson at 6:30 p.m. Members Present: Larson,Bonar, Jolley, Wilson,Zeaman Members Absent: None Also Present: Lee Smick, City Planner; Cynthia Muller, Executive Assistant 2. PLEDGE OFALLEGI,ANCE 3. ROLL CALL 4. APPROVE AGENDA An item regarding participation in CDBG funding was added to the agenda. MOTION by Wilson, second by Zeaman to approve the Agenda. APIF,MOTION CARRIED. 5. CITIZEN COMMENTS/PRESENTATIONS 6. CONSENT AGENDA MOTION by Zeaman, second by Wilson to approve the Consent Agenda as follows: a) Approved Meeting Minutes (3/25/13 Regular) b) Approved Bills 3/25/13 —4/21/13 c) Received Information December 2012—March 2013 Budget APIF,MOTION CARRIED. 7. PUBLIC HEARINGS 8. CONTINUED BUSINESS a) Business Subsidy Discussion City Planner Smick reviewed a bucket list for incentive funding options. The City needs to determine a policy for incentives, do we want to offer it to small or large businesses or both,amount of funding, etc. Staff will add low/moderate income for CDBG funding. City Planner Smick reviewed the pros and cons of incentives and examples of incentives offered elsewhere. Staff will be gathering information on incentives provided by cities in the metro. Member Wilson asked that staff also rank the top five or ten tools along with some examples the EDA would be familiar with. Member Bonar asked about the Business Attraction Team timetable and focus for types of businesses to bring to the community. City Planner Smick noted that will be discussed at the next meeting. Members are looking at a SWOT analysis and will bring that back to the next meeting. Mayor Larson asked that everyone on the EDA receive the SWOT analysis comments. Member Bonar has an interest in EDA Minutes(Regular) April 22,2013 Page 2 locating a data center here because we have fgur advantages: we have an educated population, fewer cooling degree days than heating degree days, low cost of electricity, and we have tax incentives within the state. Member Zeaman explained another option called crowd sourcing. The citizens form a pool that they put money into and they can vote on the options they would like to see in the community. This is becoming a popular way to fund businesses. Labor costs,highway accessibility, and available skilled labor are the top things businesses look for in a community. Corporations are finding that incentives do not make up for a lack of these items. We could partner with Dakota County Technical College to market skilled labor. Mayor Larson suggested also contacting Dunwoody. Member Bonar suggested considering an incentive that may not be cash,but rather a reduction in costs for garbage, water, sewer,the basic services we provide that are fee based. Also, will it be a three year or five year program. Member Jolley asked if the EDA should be creating policy that puts in place the things we want to see stressed. City Planner Smick stated next month the EDA will be looking at the incentive policy and finalize criteria and dollar amounts. We also need to determine how to keep the businesses accountable for the funding received. The EDA discussed who they want to give incentives to. Member Zeaman stated you want to get the biggest bang for your buck, so a large business would be a great deal,but there are not enough candidates for that. He suggested developing a matrix with size of company and dollars available. Member Zeaman had a copy of a study the City had done in 2007 listing the types of businesses they would like to have. Mayor Larson noted we have lots of studies that say the same thing and we need to get them off the shelf. We currently do not have a spot for manufacturing, so until the City or EDA steps up and puts in the first section of infrastructure in the first 350 acres, we are not going to get that large manufacturer. We need to identify what area we want to be in. Vermillion River Crossing is a commercial retail area that is shovel ready. That should be our focus and define what we want to see in that area where lots are available. Member Wilson agreed and noted we need to keep the bank summit in mind and what the banks have to offer. Member Bonar agreed with targeting our efforts in VRC. Member Jolley stated a business will choose where they want to be; a City would not choose a business. She would place a business where there is not extreme competition,where costs are doable, and if not concerned with marketplace such as the industrial park, have a place that is affordable and where their needs can be met. We have to make the environment friendly to the kind of business that will be looking for us. We have to concentrate on what we can control and not concentrate so much on what we can't. We should continue to talk about more opportunity for manufacturing and industrial. Before a business can come here,we have to have a place for them to be. Some have complained that smaller, affordable places are not available. EDA Minutes(Regular) April 22,2013 Page 3 Mayor Larson felt we need to determine the needs of the community,what will succeed, and market them. Member Zeaman stated removing barriers is a big deal. We have to attract people to live here so we have rooftops. This is an economical place to live. City Planner Smick felt we need to take care of our entrepreneurs,work on getting more entrepreneurs, focus on small business, pay attention to VRC's retail, go to corporations, and market the number of homes. Member Bonar asked about a timetable to bring VRC back to review the design. The VRC discussion will be brought to the EDA. Member Zeaman noted we need a hotel here. There is a business person interested in opening a hotel. Staff noted the hotel could be located in VRC. Member Zeaman suggested contacting MBA students from Carlton College to come here as consultants. He will contact the professor. b) Business Attraction Team Update This was included in the above discussion. 9. NEW BUSINESS a) CDBG Funding City Planner Smick received a letter from the CDA asking if the City wishes to continue participation in CDBG funding. MOTION by Wilson, second by Zeaman to continue participation in the Dakota County CDBG,HOME and ESG programs. APIF,MOTION CARRIED. 10. CITY STAFF REPORTS Member Jolley asked that when a motion is made,to ask for further discussion before a vote is taken. Member Wilson stated we are here for two hours a month and we have the business attraction team for three hours every month. He wanted to make sure that whatever decisions need to be made to take action can be resolved here. 11. ADJOURN MOTION by Jolley, second by Wilson to adjourn at 7:55 p.m. APIF,MOTION CARRIED. Respectfully submitted, Cynthia Muller Executive Assistant k CI \ k V CO - § eP. g ■ ` > 0 GS C.4 o k 2 R # 3 a o 0 0 0 - E 0 > m P. FS ] a ) B -al � a co / > / g / 6 M ■ m E > al > 03 )g 0. 2 r 2 r co co co f z f § co Jo 0 §§ to _CD co § Z �§ Zk co a-I CO § 0 A § § 0 ( Z O 0 ) § # o n § § 2 \ q no ct o Is.) �r . 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F , &, < P 7 . ) \ e k / . - ■ I f £ .2 a § 7 § G V. 2 , /@ f § § 7 + r - , # r ° N i ! - f § % [ / m m 2 i g 2 m , _ i k } ! j LT . n { !t ) ! cot' \ ) 2 b / ik k$ 2 E # _ / t £ f$ § �f A. > ., | , I $ §§ § k 1 ) ik $ A §n o 2 ® ° K§ ` i i i`2 ¢!i2 �� § a . ® - 2 §f6 klb k£ § Kit § 2 |a B !§ k 2 ii lIe !g 2 § iii 1 I 8§ k n e-t !, IiluidIIllhu!fli ,a��` ` i f§ !n k § § §% § § k2§8B§ 11HINIM ill MI! § oiy��► City of Farmington 's 430 Third Street Farmington, Minnesota %„ ''1c, 651.280.6800•Fax 651.280.6899 ''"pool wwwv ci.farmington.mn.us TO: EDA Members FROM: Lee Smick, AICP CNU-A City Planner/Economic Development SUBJECT: Business Subsidy Policy DATE: May 28, 2013 INTRODUCTION/DISCUSSION Staff is proposing the attached EDA's Business Incentive Grant Program to attract and assist new and existing businesses to and within Farmington. Staff needs the EDA to answer and/or agree to questions concerning the program in order to finalize the program criteria. The attached program guidelines show fifteen comments that need to be addressed. The comments titled LS are from Lee Smick and the comments titled AMP are from Andrea McDowell Poehler. After the question is asked in the LS comment box, Ms. Smick has provided her response to the questions as shown in parenthesis. Staff will review the comments with the EDA at the meeting on May 28, 2013. Staff will also be viewing a webinar on May 22, 2013 titled"Build a Smart Incentives Package: Use a Community Impact Model”and will bring information to the EDA about what a community should expect in return when it offers an incentive package for a business expansion,retention or relocation. Staff will become knowledgeable about the return on its investment that at least equals the cost of the inducements,plus additional revenues or other benefits to the community. ACTION REQUESTED Please answer and/or agree to the comments concerning the EDA's Business Incentive Program in the attached document in order to finalize the program criteria. Respectfully submitted, 410 owo Lee Smick, AICP CNU-A City Planner/Economic Development CITY OF FARMINGTON Economic Development Authority-Business Incentive Program (PROPOSED) Program Purpose:To'provide incentives(to selected businesses in Farmington that make Comment[L51]:Should the EDA provide a or will make a measurable difference in achieving economic vitality,growth and funding program to a business? development,expanding and diversifying the tax base,and creating new quality jobs within the City of Farmington. Priority of funding will be granted to businesses locating in the Vermillion River Crossing or Farmington Business Park developments.{ - Comment[LS2]:Should this be a requirement of the funding?(Yes,since this is our focus). How the Program Works:The IEDA and City Council'program uses a two-tiered -- Comment[LS3]:Should this require only EDA evaluation process to: 1)determine eligibility for incentive financing;and 2)determine approval? (Yes,it would streamline the process if only hearing is at the EDA). the amount of program funds for which a business may be eligible.The EDA has made available limited grant funding,on a first-come,first-served basis.Funding will be provided through the'Economic Development Authority Business Incentive Fund which - Comment[LS4]:How much funding should be is specifically reserved for economic development activities. Any 'elocation outside of set aside for this budget item each year? ($15,000 first year during pilot program). the City of Farmington or sale of equipment purchased within three years kf receipt of Comment[L55]:is this reasonable to protect the grant funding will trigger repayment of grant funding in full. City from losing a business that received funding within 3 years? (Yes,the funds are provided to assist with the growth of businesses within the Objectives:The EDA and City Council will consider providing a business incentive to community and should be held to this standard). facilitate the location of a(new business or the expansion/relocation la an existing _--- comment[LSO]:Should these types of business in commercial and industrial zones within the City limits of Farmington, businesses be included in a program? (Yes,the funding of both new and existing businesses would Minnesota,for the public purpose of improving the economic vitality of the City. To meet the FDA's business attraction and retention reach economic vitality,it requires the need to establish an economy with sufficient jobs, goals). products,and services to support the community. Priority of funding will be granted to businesses locating in the Vermillion River Crossing or Farmington Business Park developments. In establishing this program,the City seeks to: •Increase the number of local jobs in the community. •Provide employment opportunities for Farmington residents. •Expand the municipal tax base. This program is primarily targeted to small businesses less than 10 full time employees (FTE)and is envisioned to be undertaken on a one year pilot basis and will be subject to -- comment['sip Should small businesses be the review by the Economic Development Authority and City Council. target? 10 or less full-time employees?(The y p ty Y funding of small businesses at 10 full-time employees or less coincides with the smaller amount Amount Available:Maximum funding amounts are determined based on evaluation of of funding that the program provides,see below). positive economic impact and the number of full-time or full-time equivalent jobs Ito be _-- Comment[LSS]:What should be the impact? Should the EDA require the following: Because of located or expanded within the City of Farmington. Funding amounts will range from a this grant it adds x25,000 to owner income?Adds 2 minimum of 1($47988500)to a maximum ($-77-5005,000)L per business.The FTE? (The addition of 2 FTE should be an impact in EDA and City Council consider requests on a case by case basis in accordance with the the pilot year). guidelines which follow. Comment[LS9]:How much funding should be g provided? (The smaller funding range is a good start to the pilot program). Eligible Businesses: 1 The following are the minimum requirements that must be satisfied for application for the Business Incentive Grant: • Business must be for-profit. • New businesses currently located outside the city limits and start-up within the City of Farmington. • Existing businesses proposing a physical expansion of a business or the relocation of a business currently located within Farmington that is increased by 2 full-time employees. • Business must be located or relocated into a business or industrial zone by constructing,purchasing,or leasing commercial or industrial space. • Business will be granted priority for funding if locating in the Vermillion River Crossing or Farmington Business Park developments. Eligible Project Costs:The applicant must specify what business related expenses the incentive will be used for in the application materials and must provide!documentation - Comment[LS10]:What type of documentation? that the funding was used for the identified purpose.Eligible projects include start-up (See attached application). costs;furniture,fixture and equipment purchases;rent payment;moving costs;and • interior and exterior building improvements. Comment[LS11]:Is this what the EDA wants to fund? (Yes). Ineligible Projects:Business incentive assistance will not be provided to projects that: •Are not a for-profit business. •Are located in a current tax increment finance district or tax abatement district. •Place extraordinary demands on City services. •Continue and/or expand a nonconforming use. •Conflict with significant City redevelopment priority projects. •Have outstanding and/or unresolved City Code violations. •Do not comply with applicable City zoning and use requirements. •Involve business activities that are likely to increase nuisance issues in the community, increase enforcement demands,or have negative environmental impacts in the I community. Desired Qualifications:Preference will be given to projects that: •Provides new businesses in Vermillion River Crossing. Provide significant new and expanded employment opportunities in the City of Farmington,with an emphasis on quality wages and benefit - Comment[1512]:What the wage and benefits •Are in accordance with the highest and best use of the property. re to the rosiness or should the EDA remoove ve t thihis criteria? (Remove this criteria). •Fill an unmet market need. •Are providing significant investment into the commercial or industrial zones in the city. Application Procedure: 1.Contact appropriate City staff to discuss the scope of the proposed project.The request will be reviewed by City staff on a preliminary basis to make an initial determination whether the application will conform to the program guidelines and policies. 2 2.If the proposed project appears to meet the program's objectives,the applicant may elect to file a formal application for a Business Incentive with the City and provide the required additional documentation. 3.The application will be brought forward to the Economic Development Authority,to review the positive impact of the business and make a recommendation on the amount of incentive for the project($ ($44100500)to a maximum ($775005,000) per 'business). Comment[AMP13]:Do you have any guidelines 4.Following the recommendation of the EDA,the application will be scheduled for the on how you will assess the amount of funding g � Iih appropriate for each business? Is 500 to 5,000 large 'next applicable City Council meeting at which time the City Council will make the final enough amounts to get to the desired goals and make it worth the time of the applicant to fill out all of the determination on whether a Business Incentive is appropriate and approve or deny the paperwork and reporting? application and agreement. Comment[1314]:Again,does the EDA want an additional approval at the City Council? (No, streamline the process). Approval Process: The City Economic Development Authority will review applications and make a recommendation to the City Council for their consideration.The Farmington City Council will have the final authority of whether to approve an lapplicatioi Comment[AMP15]:Do you need both EDA and City to approve such small amounts? If City has funded the fund annually,is it sufficient for just the Disbursement: Payment of the approved incentive will be made by the City upon the EDA to provide the subsidy(why have the EDA as the middleman at all?) following: • Verification by City staff of payment of the business's property taxes(land and improvements) • Execution of Grant Agreement • Applicant providing verification that employment numbers were created during the time frame as agreed to by the business and City Council. • Availability of funds Reauthorization: The Business Incentive Program is envisioned as a pilot project and will commence for one year after Council approval. At the end of the pilot period,the program will be reviewed by the EDA and City Council to determine if the program should continue.No additional funds will be spent without City Council reauthorization of the program beyond the pilot program. 3 Farmington Business Incentive Program Application Applicant Information Name Address City State Zip Phone Number Fax Number Name of Principle in Contact Email Address Type of Business/Date Established Tax ID Number Project Information Business Name New Farmington Street Address Prior Street Address City State Zip *Note:This program is only available to businesses locating to Farmington that are not currently under a tax increment finance district or abatement district. The funding will provide a business incentive to facilitate the location of a new business or the expansion/relocation of an existing business in commercial and industrial zones within the City limits of Farmington,Minnesota, 4 City of Farmington,MN Business Incentive Program Application* Background Information Please describe how this program will help your business? When was your company established? If you are not the original owner,when did you gain control of your business? What products or services do you sell? Please explain why the assistance is necessary to locate or build in Farmington? How will moving into,expanding or relocating in Farmington affect your business? Please describe any other economic/social impacts this project is likely to have on the community? 5 Employment Information How many full-time equivalent positions(FTE's)and part-time positions do you currently employ at your business?If you are a start-up business,how many FTE's or part time positions do you plan to employ? If you are expanding or relocating your business,how many FTE's and part-time positions do you plan to employ? Current FTEs Current Part-time: Start Up: Anticipated FTE: Anticipated Part-time: Do you plan to add any new additional FTE's at your new location in Farmington,if so, how many? FTE: Part-time: What is the wage level for FTE's and any part time employment? FTE: Part-time: PLEASE COMPLETE THE APPLICATION AND PROVIDE THE FOLLOWING FOR PROGRAM VERIFICATION 1.A copy of the existing or proposed purchase agreement or lease agreement in Farmington. 2.Documentation verifying for-profit business. 3.Evidence of previous location outside of Farmington or recent start up documentation. 4.Evidence of employment information for your business including verification of full time jobs. 5.If applicable,employment and lease verification upon the terms of the business assistance agreement. 6.General information on why the subsidy is needed. I certify that the statements contained in this information and information provided is true and complete to the best of my knowledge and behalf. Applicant's Signature Date Please return to Lee Smick,City of Farmington. 430 Third Street,Farmington,MN 55024 For more information,please call(651)280-6820 or lsmick @ci.farmington.mn.us 6 Fa_ C iy��, City of Farmington 430 Third Street z Farmin on Minnesota ■G 651.280.6800•Fax 651.280.6899 www.cilarmingtonann.us TO: EDA Members FROM: Lee Smick,AICP CNU-A City Planner/Economic Development SUBJECT: Examination of Vermillion River Crossing DATE: May 28, 2013 INTRODUCTION/DISCUSSION At the last EDA meeting in April,the EDA requested that the Vermillion River Crossing (VRC)development be re-examined in order to determine if the plan envisioned in 2001-2005 requires any revisions concerning the conceptual design, zoning, and/or architectural design to encourage more interest in the area. On May 14, 2013,the Planning Commission reviewed VRC concerning the plan and land usage in the development. The Planning Commission agreed that they will remain flexible in reviewing submitted plans for proposed development in VRC. Buildings proposed near Dushane Parkway south of Knutsen Drive may be offset from the sidewalk on either side of the street if the developer chooses to do so. If the EDA chooses to amend this allowance to require buildings along Dushane Parkway to be located on the front yard setback line with no setback allowed, a text amendment would be required. The Planning Commission will continue to review a new proposal through the site plan process as required by code. Staff will review the permitted and conditional uses of the Spruce Street Commercial zoning district to determine if conditional uses should be allowed as permitted uses in order to streamline the review process. Additionally, Dale Severson, realtor for VRC,will be in attendance at the Business Attraction Team on May 23, 2013 to discuss the plan in detail and describe the marketing efforts for the property. Staff will bring Mr. Severson's comments to the EDA meeting for discussion. Spruce Street Corridor/VRC Concept Plan When reviewing this material,keep in mind that the time frame for the concept was 2001-2005. At that time, the City had just approved 420 housing permits in 2001, 556 units in 2002 and 533 units in 2003. The recession was nowhere in sight and plats in Vermillion Grove and Autumn Glen were being approved. The concept evolved from the need to provide additional commercial uses to serve our residents in both small and large building formats. The community was intent on maintaining the existing downtown commercial area and locating additional commercial land uses adjacent to it. Because of the housing stock surrounding the downtown,there was a need to look elsewhere for larger tracks of land to provide for commercial buildings (i.e. big box stores). Staff determined that the Spruce Street Corridor area met the needs for additional commercial space desired by the community and also met the requirement of being located near the downtown. The common tie between the downtown and the Spruce Street Corridor was Spruce Street. The design of the Spruce Street Corridor proposed a downtown-like atmosphere in the area which is now Vermillion River Crossing, a larger commercial area to the west of the Dakota County salt shed where big-box type uses would be located and multi-family housing south of the Vermillion River with bridge crossings for the residents to walk or drive to the shops to the north. A center"spine" corridor(Dushane Parkway)would provide a"downtown feel"with shops on either side of the street, angled parking, and well-designed public areas. The VRC development was proposed to be a walkable community with commercial and housing opportunities in close proximity to each other. The zoning text makes it possible for housing to locate on the second floor of a building and commercial down below. Staff has included a number of attachments to this memo and we will review them in depth at the May 28, 2013 meeting. The attachments are as follows: 1. Spruce Street Corridor Master Plan 2. Permitted and Conditional Uses 3. Design Standards for the Spruce Street Commercial District 4. Plat/Layout of Vermillion River Crossing 5. Landscape/Architectural Plans for VRC 6. Coldwell Banker Sales Brochure Staff looks forward to your comments on the original concept and design of VRC. ACTION REQUESTED Review the attached information. Respectfully sub I. >ed, • Qzee Lee Smick, AICP CNU-A City Planner/Economic Development 5 INit a a il -C3 ' rD k. -o r " [7 "jj/p= rD E T - • 0 r su Q.. N o ,.; .T cr 5 �: o rp K 70 n DJ rD rD o _. .,-,- . ....,:,4 ., . > aroma ter fn nili Vil rD # O CM `< rD rip o C. r' rD 0 o ""� n -t —' I 3 o 0 n - I,,,� 0 �. N o 3 _ �� C4 0 •a -. 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O rot ��1, rP-t n P rm,. 0n ET. rt r�CD O C p'' OQ "' O rt 'ry Q• ¢. R rD Q C• ^ 0-• s ,•0 Q'' 07.,1 rr rt rt� C o g 5"r rD C O. Qr 0 O 0 rt 0 M rr .. m w O- rD rrt rs' 0" = P fD P- p' ro P- rD OrG y Q- n Q. m OQ n rt m n 0 n k� n j•-r n m rt 4 Q 0� co Sterling Codifiers, Inc. Page 1 of 3 10-5-17: SSC SPRUCE STREET COMMERCIAL DISTRICT: (A) Purpose: The SSC Spruce Street commercial district is primarily designated for commercial retail sales and services. This district is not intended to compete with the businesses in the central business district; rather, it is intended to provide a location for those businesses that have space needs that cannot be accommodated in the downtown or would be a disruption to existing development patterns. Development in this district will provide design elements and building and site relationships that emulate traditional main street form to create a walkable pedestrian friendly environment with connections to surrounding areas. The relationship of the Spruce Street commercial district to CSAH 50, future residential development, and the central business district will require a greater sensitivity to design with higher quality standards in order to develop a pleasant, attractive and aesthetically pleasing environment. (B) Bulk And Density Standards: Lot area 1 acre Lot width 100 feet Front yard At least 50 percent of the building front shall be within 20 feet of setback the public right of way or private street edge Side yard No requirement setback Rear yard 20 feet setback Height 40 feet (maximum) All standards are minimum requirements unless noted. (C) Uses: 1. Permitted: Child daycare center, commercial. Clinic. Commercial recreation, indoor. http://sterlingcodifiers.com/codebook/printnow.php 5/15/2013 Sterling Codifiers, Inc. Page 2 of 3 Commercial services. Health clubs. Personal and professional services. Personal health and beauty. Restaurants, class I, traditional. Restaurants, class Ill, with liquor service. Retail sales and services. 2. Conditional: Commercial recreation, outdoor. Convenience stores, with gas. Dwellings, multiple-family. Grocery stores. Hotels and motels. Major auto repair (confined to the interior of principal building). Minor auto repair. Mixed use buildings (shall include office, retail, or commercial uses on at least 1 floor and residential apartments or condominiums on upper floors). Public buildings. Public utility buildings. Restaurants, class II, fast food, convenience. Theaters. 3. Accessory: Parking lots. 4. Interim: Mineral extraction. (Ord. 008-597, 12-15-2008) http://sterlingcodifiers.com/codebook/printnow.php 5/15/2013 Sterling Codifiers, Inc. Page 1 of 5 10-6-21: DESIGN STANDARDS FOR SPRUCE STREET COMMERCIAL, MIXED USE, AND BUSINESS/FLEX ZONING DISTRICTS: (A) Site Development Standards (In Addition To Any Performance Standards That May Be Applicable): These standards apply to the business/flex, mixed use, and Spruce Street commercial zoning districts unless otherwise specified. The zoning districts are depicted on the official zoning map. 1. Outdoor Storage: All materials shall be stored and/or warehoused within the principal building. 2. Off Street Parking: Off street parking areas shall be designed and located to minimize their impacts on adjacent development, streets and pedestrian corridors. Parking lot landscaping is required per this chapter. 3. Sidewalks: Sidewalks shall be provided on both sides of all streets. Trails may be required instead of sidewalks as provided in the city's trail master plan. (a) All pedestrian walkways shall have and maintain a minimum unobstructed pathway width of fifteen feet (15') along the north/south corridor (i.e., the first roadway constructed between CSAH 50 and Spruce Street, west of Denmark Avenue) and within the mixed use area. Pedestrian walkways bordering off street parking areas shall be at least eight feet (8') wide. Pedestrian and bicycle pathways connecting to greenways or trail systems are subject to standards in the city trail master plan. (b) Walkways shall be designed to create a safe and uninterrupted pedestrianway, and to avoid frequent crossings by driveways and streets. (c) Pedestrian walkways shall be designed as amenity areas with approved landscaping, benches, lighting, signage, and street furniture. (d) Pavers shall be required within the sidewalk design and within the crosswalk areas. Installation of the pavers shall comply with city standards. (e) Electrical and water services shall be required within the sidewalk areas to prepare for amenities including (but not limited to) water fountains, clocks, kiosks and seasonal lighting, and shall be master planned during the design phase of the project. 4. Screening: Screening of service yards, refuse, and waste removal areas, loading docks, truck parking areas and other areas which tend to be unsightly shall be accomplished by use of walls, fencing, dense planting, or any combination of these elements. Screening shall block views from public rights of way, private street and off street parking areas, and shall be equally effective in winter and summer. Chainlink and slatted fencing are prohibited. 5. Lighting: The lighting in the Spruce Street area shall be designed to create a well balanced, integrated lighting plan for public and private locations that enhances vehicular and pedestrian visibility while minimizing glare and contrast. Exterior lighting http://sterlingcodifiers.com/codebook/printnow.php 5/15/2013 Sterling Codifiers, Inc. Page 2 of 5 shall comply with section 10-6-8 of this chapter. The intent for lighting is to provide needed illumination of the site, while at the same time preventing glare to residential uses either within or adjacent to the site. Light fixtures should be oriented to pedestrian circulation so that pedestrian walkways are emphasized and safety is enhanced. (a) At the time of site plan review for the development, a detailed lighting plan shall be submitted. (b) Any lighting required on the perimeter of parking lots or along streets shall consist of fixtures illustrated in the city's standard detail plate as "streetlight - downtown district". The interior portions of parking lots may be lit with cobra lights. 6. Required Amenities: For each development, one of the following amenities per ten (10) acres of net developable land area shall be required and installed at the time of construction of the project. The amenities shall be highly visible, easily accessible outdoor focal points or gathering places for residents, employees, and visitors to the development site: (a) Patio and/or plaza with permanent seating areas; provided such patio or plaza has a minimum depth of fifteen feet (15') and a minimum total area of three hundred (300) square feet. (1) Pavers as required in the city standards shall be installed within the patio or plaza. (2) Patios and plazas shall include pedestrian amenities intended to support these places as gathering areas such as benches, water features, kiosks, etc. (b) Landscaped minipark, square, or green, provided such amenity has a minimum depth and width of fifteen feet (15') and a minimum total area of six hundred fifty (650) square feet, and includes pedestrian amenities intended to support these places as gathering areas. The landscaped miniparks, squares or greens do not count toward the park dedication requirements. (c) Protected customer walkway, arcade, or easily identifiable building pass through containing window displays and intended for general public access. (d) Water feature, such as a pond or fountain, provided the feature is easily accessed by pedestrians and includes or integrates permanent seating areas for pedestrians. (e) Any other well designed area and/or focal feature that the city finds consistent with the intent of these design standards, and that substantially enhances such development and serves as a gathering place for residents, visitors, customers, and employees. 7. Parking Of Bicycles: Bike parking spaces shall be installed at ten percent (10%) of the total number of automobile spaces within the development. For convenience and security, bicycle parking facilities shall be located near building entrances, shall be placed parallel to the sidewalks, shall be easily visible and shall not be located in remote automobile parking areas. Such facilities shall not, however, be located in places that impede pedestrian or automobile traffic flow or that would cause damage to • http://sterlingcodifiers.com/codebook/printnow.php 5/15/2013 Sterling Codifiers, Inc. Page 3 of 5 plant material. Bike racks shall provide a means for the bicycle frame and one wheel to be attached to a permanent fixture (designed for securing bicycles) by means of a lock. (B) Architectural Standards: 1. Fronts Of Buildings: Any building face and yard that abuts CSAH 50, Spruce Street, or Pilot Knob shall be considered a front and shall reflect a level of aesthetic treatment equal to or greater than that of building faces and yards that abut the north-south corridor and the major roads in the mixed use district. 2. Unifying Design Theme: Buildings and/or streetscapes in the Spruce Street commercial district and the business/flex district shall reflect a unifying design theme that incorporates features found along the north/south corridor and within the mixed use district. City staff and the planning commission shall determine whether development proposals satisfy this requirement. 3. Exterior Surfaces: Major exterior surfaces of all walls shall be face brick, stone, glass, stucco, architecturally treated concrete, cast in place or precast panels, decorative block, or approved equivalent, as determined by the city. The following may not be used in any visible exterior application except when specifically permitted by the city in areas with limited public view: exposed cement ("cinder") blocks; fabricated metal or pole construction structures, including sheds, warehouses, and industrial buildings constructed either on or off site of corrugated metal panels; exterior brick that is painted over; or experimental materials with no proven record of durability or ease of maintenance in the intended application. 4. Facades: Unless otherwise agreed to in writing by the community development department, developers of buildings located along the north/south corridor and within the mixed use district shall use facade variations to differentiate separately leased commercial spaces. Facade variations shall incorporate modulated and articulated building wall planes and rooflines through use of: (a) Projections, recesses, and reveals expressing structural bays or other aspects of the facade, with a minimum change of plane of six inches (6"). (b) Changes in color or graphical patterns, changes in texture, or changes in building material. (c) Varying parapet heights and designs that demonstrate that the buildings are different from each other and that add interest to the streetscape. (d) Recessed entrances. (e) Building entrances that incorporate elements providing shade from the sun and weather protection for pedestrians. (f) Corners which are distinguishable from the remainder of the building through the use of towers, architectural treatments, arches, roof forms, or size and mass. All buildings along the north/south corridor and within the mixed use district shall be http://sterlingcodifiers.com/codebook/printnow.php 5/15/2013 Sterling Codifiers, Inc. Page 4 of 5 constructed with at least one functional or decorative (false facade) upper story. To the extent practical or feasible, variations in rooflines or heights shall be used to differentiate separately leased commercial spaces within buildings. 5. Windows: Windows shall be provided on walls that are adjacent to public or private rights of way, parking lots and sidewalks. False windows are allowed. 6. Projections: Buildings may have one of the following projecting from the building facade: (a) Awnings/canopies over the first floor windows and along the frontage of all building entrances. (1) Projection: Awnings and canopies shall not project more than five feet (5') into the public right of way, except where located above an entrance, in which case the maximum projection shall not exceed eight feet (8'). In no event should an awning or canopy be supported by poles or other structural elements located in the public right of way. (2) Length: Awnings and canopies should emphasize the rhythm of the facade bays, windows and entrances, and shall not continue uninterrupted along the building facade. (3) Height: The bottom of awnings and canopies should be at least eight feet (8') above sidewalk grade. (4) Illumination: Backlit awnings and canopies are not permitted. (5) Inscription: Lettering on awnings and canopies shall comply with subsection 10-6 -3(B)1(k) of this chapter. (6) Materials: Awning and canopy materials should be limited to cotton, acrylic or vinyl coated cotton, copper or bronze coated metal, or clear glass. Other materials may be used if approved by the community development department. Awnings shall be designed with a slope. No horizontal awnings are allowed. Structural supports shall be constructed of steel and/or aluminum and shall (if or where visible) incorporate ornamental features. (b) Projecting signs perpendicular to the building. Projecting signs shall comply with subsection 10-6-3(B)5(e) of this chapter. 7. Public Entrances: For commercial buildings located along the north/south corridor, each separate ground level tenant space shall have at least one public entrance that faces the north/south corridor. For buildings located within the mixed use district, each separate ground level commercial tenant space shall have at least one public entrance that faces the nearest major public or private street. Developers shall be encouraged to also provide public entrances adjacent to off street parking areas. 8. Site Plan Review: All applications shall comply with the requirements of subsection 10- 6-23(E) of this chapter for site plan review. Site characteristics to be evaluated for this purpose include building and plant materials, colors, textures, shapes, massing, rhythms of building components and details, height, roofline and setback. http://sterlingcodifiers.com/codebook/printnow.php 5/15/2013 Sterling Codifiers, Inc. Page 5 of 5 9. Screening Of Roof/Exterior Equipment: Mechanical equipment, satellite dishes, and other utility hardware, whether located on the roof or exterior of the building or on the ground adjacent to it, shall be screened from the public view with materials identical to or strongly similar to building materials, or by landscaping that will be effective in winter, or they shall be located so as not to be visible from any public right of way, private street or off street parking area. In no case shall wooden fencing be used as a rooftop equipment screen. 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' .1 Northfield riiii Lionmam,...+1110.., tv ^i(io, P Iiii P. 1\1' - q 7 to, t M New Commercial and Professional Development Lot Size: 22.41 Acres High Visibility— County Rd 50 Farmington, MN 4 Lots Sold 5 Remain 1 cil 1 :n4 Dale Severson Robert Bayer Phone: (612) 904-7840 Phone: (612) 904-7841 fi A Atil i dseverson @cbcgriffin.com rbayer @cbcgriffin.com COLDWELL cbcgriffin.com 1221 Nicollet Ave S., Suite 300- Minneapolis, MN 55403 C3 BANKER 612-338-2828 COMMERCIAL GRIFFIN COMPANIES r PROPERTY DETAILS v THE PROPERTY /it Vermillion River Crossing/Farmington Land LLC 212th Street West Farmington, MN 55024 General Information: Lot Size: 22.41 acres total ( 5 Parcels ) Zoning: Commercial Preferred Price: $5,199,000 Four already sold to: • US Federal Credit Union. • McDonald's • Northfield Hospital and Clinics • Vermillion River Crossing Senior Housing Parcels Left: Address Acres Price Outlot A or #7 3.11 $ 1,152,500 Lot 1 Block 4 B or #8 1.06 $ 399,000 Lot 2,Block 3 E or #6 1.37 $ 359,000 Lot 1 Block 3 D or #5 2.09 $ 599,000 Outlot C or #9 14.78 $ 2,690,500 Outlot F- Sr. Housing#4 2.44 SOLD Lot 2 McDonalds #2 1.25 SOLD Lot 3 Family Medical Clinic #3 1.04 SOLD Lot I Block I (US Fed Credit)#1 1.04 SOLD COLDWELL cbcgriffin.com 1221 Nicollet Ave S., Suite 300- Minneapolis, MN 55403 BANKER 612-338-2828 COMMERCIAL GRIFFIN COMPANIES „. ,, PLAT MAP PLAT MAP - f z ♦rtf•� + e ** +410 of r *ilk” ', in.,' 1 � i f . ....) t r y i m+t 2 1 ill f A WO W'4., , !"'"'----4.4,, __,4,- . , „,91,..„.. , k y ro f � F Vermillion River Ai; = s - Subject 5 Commercial Lo 1. US Federal Credit Union 2. McDonald's 3. Family Health Clinic—Northfield Hospital & Clinic 4. Vermillion River Crossing Senior Housing 5. Possible Hardware Store and other retail 6. Possible Dental Clinic 7. Possible C-Store and other retail site 8. Possible retail, fast food or medical site 9. Grocery and other retail out-parcels COLDWELL cbcgriffin.com 1221 Nicollet Ave S., Suite 300 - Minneapolis, MN 55403 ® BANKER 612-338-2828 COMMERCIAL GRIFFIN COMPANIES ADDITIONAL PHOTOGRAPHS ADDITIONAL PHOTOS .. M y vy s S' - - .......w.aTxz te; ' v E � ' .Y'f• III 5Y'd: View Facing West at Corner of 212th & Denmark Family Health Medical Clinic & McDonald's - t[1 ---vz,- ,',;,,,,,'''- `,, J., ,,,, ,--,---,---`i---4',',',.,„..o.,-At.,,v,,fq.t-iii4,7-n71'r,•'''. `�, ` t ' ,, 7 b , -,.i• ' t A , $ fi y, Y %�tri .' 'iY ,[ L t" £ If 4 ..- . — Lai 1J !Aim !:y. '. l .1 i , , .. Y a.s '� I . a, H Vermillion River Crossing Senior housing —opening Spring Outlet A—facing West COLDWLLL cbcgriffin.com 1221 Nicollet Ave S., Suite 300 - Minneapolis, MN 55403 1213 BANKER 612-338-2828 COMMERCIAL GRIFFIN COMPANIES SITE PLAN SITE PLAN M1 ys i •4Y��yq, -i^-1..— rte- - _ _ t li} b_ _ • ^ iM '.I.t, 411q t ° •ea.• i...• 4.8N l'". ._`;_ it$ s j 111 II 91 ;• F Ohl NYSJ r\ 4••R t: t II F 11 R t s.o^tplit t. wane ppEs, m ti. R, . ... ' ••_. I o,I aw..Ia r i"R k6 $"yBFd *mom)(�`t `S� Z II. .a.to ..rs.sr.,N s Ir.ra Bono tarn -' f" ,�..! 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S r: 1 ; ti U i I 'r-_IJjU±t _ __ _ w I `l i it r 1�� COLDW ELL cbcgriffin.com 1221 Nicollet Ave S., Suite 300 - Minneapolis, MN 55403 C= BANKER 612-338-2828 COMMERCIAL CIRIH'1N COMPANIES DEMOGRAPHICS Demographic Report ,,.;° y M.ww lr P, L t 1 s v Wes Sew d <-.A. +MC St4 0.0t 1 n rt k l .. t.nrrst Stle.fti r w a �� i7pwia i Ti . . w1 .m - :sxx'iv Pi ID,y 20 2,.T..6C;a r :al.., Population I 2011 Projection 2013 Projection <1 Mile 1 <3 Miles I <5 Micas <1 Miles 1 <3 Mites <5Miles Total Estimated Population 3,019 18,875 31,207 2,886 20,471 33,458 Total Census 2000 Population 3,381 14,774 25,844 3,381 14,774 25,844 Population Change 0/0 4 17 13 3 22 18 Population Density(People/SQ Mile) 1,101 923 778 1,014 942 799 Median Age 42 40 41 45 41 42 Total Males 1,512 9,584 15,792 1,452 10,411 16,944 Total Females 1,507 9,291 15,415 1,434 10,060 16,514 Population By Age Group i 2011 Projection 2013 Projection I <1 Mile I <3 Miles I <5 Miles 4-<1 Miles <3 Miles f <5 Mites 4 Years Old and Younger 163 1,337 2,111 153 1,270 2,017 5-9 Years Old 202 1,681 2,640 172 1,548 2,441 10-14 Years Old 220 1,703 2,697 185 1,654 2,600 15-19 Years Old 234 1,583 2,578 214 1,755 2,770 20-24 Years Old 227 1,359 2,258 212 1,633 2,634 25-29 Years Old 191 1,159 1,915 203 1,390 2,280 30-34 Years Old 170 1,308 2,071 174 1,252 2,030 35-39 Years Old 192 1,621 2,543 174 1,397 2,201 40-44 Years Old 239 1,863 2,975 199 1,731 2,713 45-49 Years Old 238 1,596 2,631 207 1,748 2,782 50-54 Years Old 214 1,202 2,075 205 1,531 2,502 55-59 Years Old 181 820 1,515 188 1,196 2,036 60-64 Years Old 136 515 515 151 793 1,417 65-69 Years Old 114 356 701 119 524 1,000 70-74 Years Old 88 246 497 104 368 718 75-79 Years Old 72 171 363 78 254 500 80-84 Years Old 57 133 264 62 176 356 85 Years Old and Older 81 222 368 86 251 461 COLDWELL cbcgriffin.com 1221 Nicollet Ave S., Suite 300 - Minneapolis, MN 55403 %= BANKER 612-338-2828 COr1r1LRCIAL GRIFFIN COMPANIES 8f _ TYk,, h+ s $tf ,..'V,:;,.-k',-', DEMOGRAPHICS Population By Ethnicity 2011 <5 Miles Population By Ethnicity 2013<5 Miles 010 90.80% 89.16% fm White Pacific Islander White Pacific Islander Black al 2 Or More Races Black i 2 Or More Races sea Native American Hispanic MN Native American Hispanic Mil Asian IM Asian Population By Ethnicity _2011 Projection ' 2013 Projection 1 <1 Mile !—<3 Miles I <5 Miles <1 Miies <3 Miles <5 Miles White 2915 17751 29259 2760 19012 30965 Black 10 291 524 12 405 723 Native American 6 69 145 7 94 199 Asian 43 465 845 55 618 1080 Pacific Islander 0 3 6 0 3 8 2 or More Races 45 296 428 52 339 339 Hispanic ' 40 612 1018 44 772 1271 White Non-Hispanic 2848 17094 28177 2673 18070 29425 Housing 2011 Projection Housing 2013 Projection 87.58°,'c 87.67% I 0,–es Renters NMI Owners Renters Housing 2011 Projection Projection <1 Mile I <3 Miles I <5 Mlles 1 < I <3 Miles I <5 Miles 1 Total Estimated Households 1,147 6,166 10,502 1,084 6,612 11,160 Total Census 2000 Households 1,356 5,031 8,844 1,356 5,031 8,844 Average Household Size 2.70 2.91 2.93 0.03 0.03 0.01 Total Housing Units 1,378 6,838 11,711 1,416 7,726 13,184 Owners 1,000 6,114 10,088 1,035 6,957 11,374 Renters 338 606 1,431 338 638 1,599 Vacant Housing Units 40 117 191 43 130 213 COLD�VELL cbcgrifftn.com 1221 Nicollet Ave S., Suite 300 - Minneapolis, MN 55403 16= BANKER 612338 2828 COMMERCIAL GRIFFIN COMPANIES ' ` .aid,. 3 f DEMOGRAPHICS Occupied vs Unoccupied Housing 2011 Occupied vs Unoccupied Housing 2013 Projection Projection 98.21 % 98.41 % `" } a r4V4 Occupied Unoccupied s Occupied Unoccupied Income By Household 1 2011 Projection I 2013 Projection 1 < 1 Mile I < 3 Miles <5 Miles <1 Miles 1 <3 Miles I <5 Miles j Under$10,000 73 123 287 67 119 296 $10,000-$14,999 42 139 237 40 145 252 $15,000-$19,999 39 67 275 36 64 286 $20,000-$24,999 59 134 320 54 131 328 $25,000-$29,999 71 222 338 67 235 357 $30,000-$34,999 84 244 477 80 249 489 $35,000-$39,999 30 218 406 27 232 428 $40,000-$44,999 71 240 428 66 250 445 $45,000- $49,999 81 364 549 79 387 583 $50,000-$59,999 77 941 1,475 73 1,028 1,591 $60,000-$74,999 218 1,425 2,200 207 1,546 2,352 $75,000-$99,999 174 1,283 1,996 165 1,395 2,137 $100,000-$124,999 61 393 393 59 429 867 $125,000-$149,999 9 182 314 8 200 341 $150,000-$199,999 5 46 154 5 49 163 Over$200,000 30 88 141 32 99 155 Median Household Income $55,521 $57,837 $61,255 $55,248 $57,692 $61,174 Aggregate Household Income $69,808,375 $418,705,894 $707,837,215 $66,749,736 $452,933,372 $755,393,742 Average Household Income $63,745 $64,199 $67,777 $63,314 $64,037 $67,672 Per Capita Household Income $23,221 $21,872 $23,014 $23,084 $21,758 $22,878 COLDW ELL cbcgriffin.com 1221 Nicollet Ave S., Suite 300- Minneapolis, MN 55403 C3 BANKER 612-338-2828 COMMERCIAL GRIFFIN COMPANIES • .w .tat DEMOGRAPHICS Household Expenditures 2011 Projection 2013 Projection < 1 Mile I <3 Miles ( <5 Miles <1 Miles I <3 Miles I <5 Miles Total Annual Household $53,403,869 $333,841,872 $559,067,087 $51,205,500 $362,782,180 $600,391,352 Average Annual Household $47,184 $50,021 $52,372 $47,614 $50,378 $52,760 Food $39 $6,252 $6,499 $5,968 $6,237 $6,493 Cereals&Bakery Products $430 $444 $453 $426 $438 $448 Cereals&Cereal Products $156 $159 $164 $157 $160 $165 Bakery Products $309 $321 $330 $299 $310 $316 Meats,Poultry,Fish&Eggs $934 $978 $1,006 $953 $1,002 $1,031 Dairy Products Misc $373 $388 $401 $384 $399 $414 Housing $15,184 $15,934 $16,604 $15,379 $16,103 $16,801 Owned Dwellings $6,169 $6,617 $7,027 $6,302 $6,742 $7,175 Mortgage Interest&Charges $296 $313 $332 $299 $315 $334 Property Taxes $1,742 $1,857 $1,966 $1,693 $1,801 $1,903 Rented Dwellings $2,221 $2,166 $2,166 $2,144 $2,088 $2,022 Utilities,Fuels&Public Services $3,383 $3,535 $3,631 $3,405 $3,548 $3,636 Natural Gas $500 $520 $534 $481 $498 $511 Electricity $1,219 $1,265 $1,295 $1,225 $1,268 $1,295 Fuel Oil or Other Fuels $127 $132 $135 $127 $133 $136 Telephone Services $1,122 $1,177 $1,210 $1,176 $1,233 $1,270 Water&Other Public Services $366 $385 $393 $377 $399 $408 Household Operations $785 $827 $880 $778 $824 $875 Personal Services $296 $313 $332 $299 $315 $334 Other Household Expenses $533 $571 $604 $551 $589 $627 Housekeeping Supplies $627 $659 $682 $607 $633 $656 Household Furnishings&Equipment $1,655 $1,763 $1,866 $1,582 $1,681 $1,770 Furniture $449 $485 $516 $436 $471 $499 Floor Coverings $45 $48 $51 $44 $48 $50 Major Appliances $238 $249 $260 $239 $251 $262 Sm.Appliances&Misc Housewares $103 $107 $112 $104 $108 $113 Apparel&Services $1,692 $1,781 $1,865 $1,710 $1,797 $1,880 Transportation $8,717 $9,385 $9,806 $8,945 $9,641 $10,068 Maintenance&Repairs $657 $698 $726 $653 $688 $716 Vehicle Insurance $1,202 $1,270 $1,316 $1,213 $1,275 $1,313 Public Transportation $3,091 $471 $504 $438 $469 $501 Health Care $3,091 $3,234 $3,306 $3,036 $3,158 $3,229 Entertainment $2,526 $2,691 $2,841 $2,614 $2,781 $2,947 Tobacco&Smoking Related $281 $287 $290 $293 $298 $301 Cash Contributions $1,585 $1,684 $1,781 $1,583 $1,679 $1,778 Personal Insurance&Pensions $5,234 $5,702 $6,126 $5,142 $5,593 $5,989 Life&Other Personal Insurance $397 $423 $448 $402 $430 $454 Pensions&Social Security 4,840 5,284 5,684 4,764 5,189 $5,565 COLD\V L•LL cbcgriffin.com 1221 Nicollet Ave S., Suite 300- Minneapolis, MN 55403 C3 BANKER 612-338-2828 COMMERCIAL GRIFFIN COMPANIES TRAFFIC COUNTS ;' x°:r Middle Creek Park nate St w o IP it 207tta St W w to 2061tr St VV 2041.-.' D m g.a o w v il G' D D o S ?int 51 W t Cq'21 21291t St Wt akota Coen 50�.?, • Northview Df Park Knutser Dr Knu'.§en L J Sf-v 'y Daknta County 50 F u * ea 1 Rambling River Park ,,fl ..)a,,bt 0` A ,- fatM4n tars a -e St Spruce St t%Ry Ham t ar ", to b n l trip data 82912 God I- I LOCATION 1 2002 1 2003 1 2004 1 2005 1 2006 1 2007 1 2008 1 2009 1 2010 illE OF CSAH31(DENMARK AV) 3,450 2,900 3,200 E OF CSAH31(AKIN RD/DENMARK 13.500 14,800 13,500 • AV) N OF CSAH50(212th ST W) 6.300 1,700 5,800 D E OF MSAS112(AKIN RD) 3 700 3,300 2,900 COLDWELL cbcgriffin.com 1221 Nicollet Ave S., Suite 300 - Minneapolis, MN 55403 % BANKER 612-338-2828 COMMLRCIAL GRIFFIN COMPANIES ABOUT COLDWELL BANKER COMMERCIAL GRIFFIN COMPANIES BACKGROUND COLDWELL BANKER COMMERCIAL GRIFFIN COMPANIES Coldwell Banker Commercial Griffin Companies, a Minnesota based 1221 Nicollet Ave S., Suite 300 company,was founded in 1969 as an investment real estate firm and Minneapolis, MN 55403 matured to become a full service provider in the 1970's and 1980's. Since Phone: (612) 338-2828 1969,we have provided high quality service to clients throughout the Twin Fax: (612) 338-5288 Cities area, and both nationally and internationally through an extensive www.cbcgriffin.com network of professionals who share our high standards. Through careful consultation with our clients,we develop unique strategies that serve to enhance their real estate experiences, and to maximize their return on investment. SERVICES CLIENTS REPRESENTED Aramark e Blue Cross and Blue Shield of MN • Business Brokerage • Property Management Capital Resource Credit Consultants Career Professionals • Investment Services • Construction Advisory Central Bank Chronimed, Inc. • Owner Representation • Maintenance Services Citogen City of Minneapolis • Tenant/Buyer Representation • Facility Management Clean Water Action Control Data Delta Dental • Development Services • Design and Construction Deluxe Corporation Ecolab • Acquisition and Disposition Services • Investment Analysis Exterior Design Studios G&K Services • Brokerage and Transaction Management • Relocation Services General Mills Guidant Corporation • Corporate Services Harmon Autoglass Healtheast • Market Research and Analysis Huntington Learning Centers !nation Corporation Jostens, Inc • Project Management Land 0' Lakes Lill Salons • Property Development Marquette Financial Companies Marshal&Isley Bank(M&I) • Valuation Services Minnesota Institute of Public Health Oppenheimer,Wolff&Donnelly Platinum Group(renewal) • Receiverships Pohlad Companies ReNew Community Church • Asset Services Silicon Graphics, Inc Sonic Media • Tax Appeals Management Solutions The Toro Company • Space Planning US Oncology, Inc Valspar Corporation Westonka Sports COLDWELL C3 BANKER COMMERCIAL GRIFFIN COMPANIES AiaRk�► City of Farmington (g0 430 Third Street X;,z Farmington, Minnesota Y.`op� 4 3 ,�A �� 651.280.6800 Fax 651.280.6899 pRoo www ci.farmington.mn.us TO: EDA Members FROM: Lee Smick,AICP CNU-A City Planner/Economic Development SUBJECT: Open to Business- 1st Quarter Report DATE: May 28, 2013 INTRODUCTION/DISCUSSION On January 28, 2013,the EDA entered into an agreement with the Dakota County CDA to provide $5,000 to the "Open to Business"program. Laurie Crow, Business Consultant, started meeting with existing and potential business owners on February 26, 2013 at City Hall. On that date, Ms. Crow met with six owners,making Farmington the most visited location in Dakota County on that first meeting date with businesses. The agreement required that Ms. Crow report to all communities in Dakota County in quarterly reports throughout the program year of 2013. The detailed report is attached showing all of the communities' statistics for the first quarter(Ex. A). The additional report shows a summation for Dakota County (Ex. B). The following information is also provided below: Time Frame for 1st quarter report—01/31/13 (actually 02/26/13)to 03/31/13 No. of Clients Served with legitimate businesses moving forward—6 (Burnsville led this category at 10 clients, but Farmington came in second. Program related hours—31.5—We were third in this listing behind Burnsville(52 hrs) and Lakeville (34.5 hrs) Business Ideas—Children's fitness studio, service/team building, Real Estate, Retail Stationary Types of services provided—Initial consultation, loan packaging, loan facilitation Approved direct and facilitated capital- $0.00 Capital leveraged- $0.00 Jobs retained—Zero (3 were retained in Apple Valley and 2 in Burnsville) Comments—Assisted clients with various referrals including CPA, Legal, and Web Design. In summary, Farmington responded well to this opportunity for assisting existing and potential business owners. Remarks by Ms. Crow included the need to get information to local libraries and the need to educate banks on the program. As the EDA recalls, staff held a Bankers Summit on March 20, 2013. As soon as the EDA formulates a business incentive plan(if proposed), another Bank Summit will be held to inform the local bankers about any incentive updates. The Dakota County Summation report(Ex. B) shows that municipalities in the county were diligent on spreading the word about the program summarizing that 61 clients were informed through the cities, 34 clients were informed through other resources from banks, schools, and others, 9 clients were informed by the CDA, 5 clients were informed by the Chambers, and 1 client was informed by the internet. A total of 207 clients were served through the program in the 1st quarter. The most inquiries were from the service sector with food service coming in second place. A total of$50,321.00 in loans was provided to clients in Apple Valley, Burnsville, Eagan, and South St. Paul. Ms. Crow provided 790.25 hours of work on the program or 99 days. The types of services and businesses are also provided in the report. ACTION REQUESTED Review the attached information and forward the information to the City Council. Respectfully submitte Ve'e. Lee Smick, AICP CNU-A City Planner/Economic Development a. m _ % . m / a a 3 8 a ✓ r< < < < < r r r r a as a 1 a s S a 5 ✓ <.< c < < r r r < r 0 N b o A W W r N N t N 0 Y ffi ti N N N N .tE 9 a x _ a SP H 9 .fl 5 CEliE ug F o� c p+ l C?c* aa5 P a g -- m ? _ gP 6 " c g c N i = 8 a °v_m m n gg Pg. a - "'s a I A - R v m 3 e lia=g=i; =r= gds III °°f? t0_115 Sa4E gdms 'Is9a zal a Wt a 1aa°� 'm$gT Ell/ Pig aK = gg4g a akF1 ' a WI ffi,g Ili 3P0 g3Ai !la �iiai gill a g I N NN N N N N N N N N V a x s lg.s , S S g 8 E. c a l a 1s Q3 I tl$ 0l N W is la" 3 w e a c i 5 g a c r. .a g G s m p °Q °A a t,= m m �, 3 !fa 9 a m m m v Q m g s c n 8 c 2f11 is as :!14 walk -Aigag: 144§1 3g E, :t 3 s l n[i Rai 10 iaRiggEs $ = D£ ;e a ' Elm?, ""' "1-!atAa � , 1 1„ o ag ;I a � a; -i_i _cri m ° ? p = y ;),,,/, -� 6,1e, 5 - - ,, „ '..4. 9 , ,-, , -,, ''-'f # C - 1; -le k ;* fz it,, r r k « 2 k TO BUSINESS County: Updates Time Frame: Dakota County 1/1/13-3/31/13 Clients Served: New Entrepreneur/Start-up 20 Industry Segment: Existing Business 16 Additional Phone Inquiries 78 Retail 6 In Person Inquiries(Banks,Chamber,Etc.) 93 Service 20 Total 207 Food 9 Manufacturing 1 How did client hear about OTB: Wholesale/Dist 0 • Municipality 61 • Internet 1 • CDA 9 • Chamber 5 • Other Referral (Banks,Schools,Etc.)34 Capital Leveraged: $ Direct& Facilitated Financing approved: #of loans Jobs retained or created from MCCD closed Amount $ 50,321.00 loan clients: 5 Program related hours TA/Admin: 790.25 Types of Businesses: Catering Company Restaurant Types of Services Provided• Interior Design House Sitting • Online Website Children's Fitness • Business Feasibility Retail Medical Office • Business Plan Development Fitness Studio Small Engine Repair • Cash Flow Analysis Dog Grooming Manufacturing • Marketing • Regulatory Compliance • Loan/Microgrant Packaging Summary: The first quarter of the OTB program in Dakota County has been extremely successful.The support of the cities has been felt,seen and heard loud and clear.The entrepreneurs are very happy to see the cities support such an important program!