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HomeMy WebLinkAbout08.25.16 EDA Packet 4011141/4 4r.3 OM l 6 AGENDA REGULAR ECONOMIC DEVELOPMENT AUTHORITY MEETING August 25, 2016 6:30 PM Room 170 Todd Larson, Chair; Geraldine Jolley, Vice-Chair Douglas Bonar, Steve Wilson, Kirk Zeaman Jake Cordes, Steve Corraro 1. CALL TO ORDER 2. PLEDGE OF ALLEGIANCE 3. ROLL CALL 4. APPROVE AGENDA 5. CITIZENS COMMENTS 6. CONSENT AGENDA (a) Meeting Minutes (7/28/16 Regular Meeting) (b) Monthly Statements 7. PUBLIC HEARINGS 8. DISCUSSION ITEMS (a) Commercial Rehab Grant Amendment and Extension-Farmington Bakery (b) Riste Lot Discussion Update (c) Approve Quit Claim Deed—AK Performance Graphics Inc. (d) VRC Hy-Vee Deferred Assessments Business Subsidy Agreement 9. DIRECTOR'S REPORT (a) August Director's Report 10. ADJOURN City of Farmington 430 Third Street Farmington,Minnesota 651.280.6800 -Fax 651.280.6899 kW_.4 - www.cifarmington.mn.us TO: Economic Development Authority FROM: Adam Kienberger, Community Development Director SUBJECT: Meeting Minutes (7/28/16 Regular Meeting) DATE: August 25, 2016 INTRODUCTION/DISCUSSION Please find attached the draft minutes from the July 28, 2016 Regular EDA Meeting. ACTION REQUESTED ATTACHMENTS: Type Description c Backup Material Meeting Minutes (7/28/16 Regular Meeting) MINUTES ECONOMIC DEVELOPMENT AUTHORITY Regular Meeting July 28, 2016 1. CALL TO ORDER The meeting was called to order by Chair Larson at 6:30 p.m. Members Present: Larson, Bonar, Cordes, Corraro,Jolley, Wilson Members Absent: Zeaman (Resigned) Also Present: Adam Kienberger, Community Development Director 2. PLEDGE OF ALLEGIANCE 3. ROLL CALL 4. APPROVE AGENDA MOTION by Jolley, second by Wilson to approve the Agenda. APIF,MOTION CARRIED. 5. CITIZEN COMMENTS/PRESENTATIONS 6. CONSENT AGENDA MOTION by Cordes, second by Corraro to approve the Consent Agenda as follows: a) Approved Meeting Minutes(6/23/16 Regular Meeting) b) Received Monthly Statements APIF,MOTION CARRIED. 7. DISCUSSION ITEMS a) 2016-2018 Strategic Plan for Economic Development Update The"developing tools for economic development" include a TIF policy which has been officially adopted as a tax incentive. Staff will be bringing forward a tax abatement policy as a tool for economic development. Regarding development of Vermillion River Crossing, staff has received a proposal from Hy-Vee. A public hearing for this proposal will be held at the August 16, 2016, Planning Commission meeting. Hy-Vee will be purchasing outlots A, C and the credit union site. Currently staff is working on site plan approval, preliminary plat and a conditional use permit. Council will consider approval on September 19, 2016. Staff is proposing a business subsidy agreement for the outstanding deferred assessment on the property per the original development agreement. Another portion of the strategic plan is to define and utilize existing resources of the EDA. This pertains to how the EDA is funded. Staff will bring funding ideas back to the EDA later in the year. EDA Minutes(Regular) July 28,2016 Page 2 b) Downtown Redevelopment Plan Implementation—Rambling River Center Plaza Four of the eight bike racks have been installed. Another concept in the plan is development of a public plaza. This has centered around the open area and parking lot by the Rambling River Center. The consultant developed four different concepts. EDA members were in favor of this location for a public plaza and agreed on concept number two. c) Xcel Energy Certified Site Program Xcel is looking for large sites to market nationally for attracting big developments that are attractive for them. They are looking for sites larger than 25 acres for industrial development. Staff has contacted a land owner and put them in touch with Xcel. d) Trident TIF Agreement Consent and Estoppel Authorization Trident has requested the EDA authorize this agreement for their financing. MOTION by Bonar, second by Wilson to authorize executing the Consent and Estoppel Certificate. APIF,MOTION CARRIED. 8. DIRECTOR'S REPORT a) July Director's Report Trident's development will be called Legacy of Farmington. Trident has received all required approvals and plan to start construction in the coming weeks. The city is eligible for a Met Council grant to receive assistance with comp plan work and the City Council has authorized staff to apply for the grant. Staff is working on a timeline for the comp plan update process. 9. ADJOURN MOTION by Bonar, second by Cordes to adjourn at 7:35 p.m. APIF,MOTION CARRIED. Respectfully submitted, Cynthia Muller Administrative Assistant 4E10i, i, City of Farmington 430 Third Street 3. Farmington,Minnesota 1+% o1 ` 651.280.6800 -Fax 651.280.6899 44.4.ao0a www.ci.farmington.mn.us TO: Economic Development Authority FROM: Adam Kienberger,Community Development Director SUBJECT: Monthly Statements DATE: August 25, 2016 INTRODUCTION/DISCUSSION Please find attached the monthly statements for the EDA. ACTION REQUESTED ATTACHMENTS: Type Description o Backup Material August Financial Statement Snapshot o Backup Material January-July Revenues and Expenditures Department Actual vs Budget-Generic Time Period Business Object Account Cumulative 12 Cumulative 12 Actual udget 201 Unit Account Description 2016 6 2016 2000-HRA/ECONOMIC DEVELOPMENT 1010 CASH 274,817.53 2000-HRA/ECONOMIC DEVELOPMENT 1010 CASH-LGA ASSMNT RELIEF 50,000.00 2000-HRA/ECONOMIC DEVELOPMENT 2255 DEPOSITS PAYABLE 5,989.38 2000-HRA/ECONOMIC DEVELOPMENT 3510 UNRESERVED FUND BALANCE -324,378.26 2000-HRA/ECONOMIC DEVELOPMENT 4955 INTEREST ON INVESTMENTS -1,666.72 -1,572.00 2000-HRA/ECONOMIC DEVELOPMENT 5205 OPERATING TRANSFERS -23,333.31 -40,000.00 2000-HRA/ECONOMIC DEVELOPMENT 6401 PROFESSIONAL SERVICES 0.00 10,000.00 2000-HRA/ECONOMIC DEVELOPMENT 6403 LEGAL 2,390.90 3,000.00 2000-HRA/ECONOMIC DEVELOPMENT 6404 IT SERVICES 3,896.69 6,680.00 2000-HRA/ECONOMIC DEVELOPMENT 6422 ELECTRIC 136.15 300.00 2000-HRA/ECONOMIC DEVELOPMENT 6426 INSURANCE 70.38 450.00 2000-HRA/ECONOMIC DEVELOPMENT 6450 OUTSIDE PRINTING 0.00 2,000.00 2000-HRA/ECONOMIC DEVELOPMENT 6460 SUBSCRIPTIONS&DUES 1,785.00 2,500.00 2000-HRA/ECONOMIC DEVELOPMENT 6470 TRAINING&SUBSISTANCE 981.14 3,000.00 2000-HRA/ECONOMIC DEVELOPMENT 6485 MILEAGE REIMBURSEMENT 342.12 1,000.00 2000-HRA/ECONOMIC DEVELOPMENT 6570 PROGRAMMING EXPENSE 8,969.00 13,500.00 Total 2000-HRA/ECONOMIC DEVELOPM 0.00 858.00 0.00 858.00 0.00 858.00 8/22/2016 1:03:59 PM Page 1 of 1 O ° an ° 0 1 o a) U a o o La a) co 0) ° I li O) 0 I 0 O co co co co LO cO MI 0 CO CO C CO 0 c o m h v o v O co LO CO O ,CO CO 'C o CO. 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I i Im ■ U os y x ' n Z N 0 W y C m• p Z Z CO ?. p I, w a F rn .00 m I0 w y co 1 m om 0 W a z 7 s Q ' m m > wU z L § c �I I E o; w O< 1 n Z O -I .c. c ® Ow a w U zj a -� ce m cc p I 0 c m >; oC Z > O fc o m E s- 2) - M a. to u.E Z N N O0, r oN Z M ' E I m m > - 0 O 0 N LO (O co C c c g 1- g g m g m 8 8 8 m u I- 1 1- 1 0_ 4 Miti City of Farmington p 430 Third Street Farmington, Minnesota 651.280.6800 -Fax 651.280.6899 -.,,,,o at° wwwci.farmington.mn.us TO: Economic Development Authority FROM: Adam Kienberger, Community Development Director SUBJECT: Commercial Rehab Grant Amendment and Extension-Farmington Bakery DATE: August 25,2016 INTRODUCTION/DISCUSSION Staff has received a request from David and Gina King, Sweet Advantage Inc. dba Farmington Bakery to amend their Commercial Rehabilitation Grant Program contract to extend the timeline and to cover additional improvements needed at the building they own in downtown Farmington(212 Oak Street). Staff has reviewed the request in coordination with the Building Official and the Dakota County CDA and recommends approval of a$10,225 grant amendment for necessary improvements to eliminate conditions detrimental to public health and safety. DISCUSSION Last August the EDA recommended, and the City Council approved a Commercial Rehabilitation Grant for the Farmington Bakery to make improvements to their building in the amount of$13,250.As the improvements were being made, it was noted that there were additional issues with the building creating moisture and ventilation issues. The grant amendment will cover roof venting and repair, additional insulation, interior ventilation improvements, and repair and cleaning of the new stucco. Matching dollars will be provided for additional roof repairs and other related improvements.A cost breakdown is attached for review. Previous renovations made with the initial grant include several health and safety building findings including, replacement of an unsafe roof overhang,replacement of rotted/leaking windows,replacement of rotted and degraded stucco and trim due to water intrusion, an ADA accessible door, and interior ADA accessible counter space. If approved this will bring the total grant amount to $23,475($13,250+$10,225)which is still below the maximum award of$35,000 outlined in the program application. This will also mean a matching investment of at least the same amount into this downtown building. This program has been very successful in Farmington over the past several years, and encourages local building/business owners to reinvest in public health and safety improvements in Farmington. A program summary is below: Grant funds may be available to assist local businesses and/or property owners who are making qualified improvements to eligible commercial properties that eliminate conditions that are detrimental to public health and safety. The following are examples of qualified improvements:correcting code violations, code improvements, and the correction of handicap accessibility issues. The intent of the grant program is to prevent the deterioration of commercial structures and discourage blight, encourage projects that correct code violations and to eliminate accessibility restrictions. Requirements of the program include,but are not limited to the following: • Applicant providing a 1:1 dollar match • Competitive bidding • Davis-Bacon Wage Act(payment of prevailing wages to contractors) ACTION REQUESTED Recommend approval to the City Council of the Commercial Rehabilitation Grant application amendment for the Farmington Bakery building in the amount of$10,225. Final approval will result in the city amending the grant agreement with David and Gina King(Farmington Bakery)funding the improvements outlined above. ATTACHMENTS: Type Description D Backup Material Project Cost Breakdown © Backup Material Extension Request 7/22/2016 Quote 0000002 from NKN Construction U.C. NKN Construction LLC. • TE 1112 Sunnyside Dr. Farmington, MN 55024 Lic.# BC638653 Gina King Quote # 0000002 CDA Farmington Bakery Quote Date 07/20/2016 Item Description Unit Price Quantity Amount Product Roof Venting and Repair 4500.00 1.00 4,500.00 Product Insulation Sprayfoam and Additional Blown in 450.00 1.00 450.00 Product Repair Structural Roof Framing Damage 5000.00 1.00 5,000.00 Product Reroof and Repitch Roof above Damaged Area 4000.00 1.00 4,000.00 Product Addition of Exhaust Hood Above The Dishwasher 5000.00 1.00 5,000.00 Product Repair and Clean New Stucco 1500.00 1.00 1,500.00 Subtotal 20,450.00 Total 20,450.00 Amount Paid 0.00 Quote $20,450.00 httpf/www.aynax.com/printQuote.php 1/1 Adam Kienberger From: Gina King <simplygking @gmail.com> Sent: Tuesday,August 02, 2016 11:24 AM To: Adam Kienberger Subject: Request for extension. Follow Up Flag: Follow up Flag Status: Flagged To whom it may concern, Due to unforeseen issues, I am formally requesting the extension of City of Farmington commercial rehabilitation Grant Program August 3, 2016 (end date)to Aug 3, 2017. Thank you in advance for this consideration. David and Gina King, Sweet Advantage Inc. dba Farmington Bakery 212 oak street Farmington, MN. 55024 i 0119,6 City of Farmington 4.6 ,4 430 Third Street Farmington, Minnesota 651.280.6800 -Fax 651.280.6899 noise wwwcifarmington.mn.us TO: Economic Development Authority FROM: Adam Kienberger, Community Development Director SUBJECT: Riste Lot Discussion Update DATE: August 25, 2016 INTRODUCTION/DISCUSSION The EDA owns a small vacant lot in downtown Farmington commonly referred to as the"Riste Lot"located on Oak Street just west of 3rd street behind the Exchange Bank Building.A location map is attached. This property was originally acquired and demolished by the HRA/EDA in 2007 using a combination of CDBG funds and CDA Redevelopment Incentive Grant dollars. Over the years there has been discussion by the HRA/EDA/City Council about selling this property for private development. The EDA recently discussed selling this this parcel and has received an inquiry about a potential sale price. Staff ordered an appraisal for the lot and will discuss the market value analysis at the meeting. Some additional background: Because the EDA utilized CDBG dollars to fund the acquisition and demolition of this property, any sale for private development will trigger repayment provisions to the CDBG program. More specifically,upon entertaining a sale an independent appraisal is required to determine a current market value. If sold, 76.9%of the market value/sale price will need to be repaid to the CDBG program(administered by Dakota County CDA—it is at their discretion if that amount remains with Farmington). The property has a current Dakota County assessed value of$29,600. ACTION REQUESTED Review the above information and provide direction on the EDA owned Riste Lot. ATTACHMENTS: Type Description D Exhibit Riste Lot Location Map Riste Lot 1. ..0 Si ilejlimmmmuumnpr,291erimmie. Ya i 16./4;' Apr e . ! , i If 1 iti., la" // ... ..-� S � � I a r _ L. • ._.s:••04 - 1A.-- . 1 7a .1 - .''' ' 4 .1): i ...■■-• Illirlilkiligil--- --": ""."---"le. l..4'... .."-Ingemmialui -‘ - fii . '4.!. - . 4 a . '4 k' : • I ,tiFf. gil„,, • I is 4 it j .• •s •1 AP ' s ow'• I 10 ,rte t�. f August 22, 2016 1:600 0 25 50 100 ft I ■ 'l l 0 5 10 20 m Disdaimer Map and parcel data are believed to be accurate,but accuracy is not guaranteed. This is not a legal document and should not be substituted for a title search,appraisal,survey,or for zoning verification. o�EAR 4 City of Farmington 4 430 Third Street Farmington, Minnesota 651.280.6800 -Fax 651.280.6899 ° •„MOO' .- www.cifarmington.mn.us TO: Economic Development Authority FROM: Cynthia Muller,Administrative Assistant SUBJECT: Approve Quit Claim Deed—AK Performance Graphics Inc. DATE: August 25, 2016 INTRODUCTION/DISCUSSION In 2010,the EDA entered into a Contract for Private Development with AK Performance Graphics for them to make improvements to the building located at 308 Elm Street. The required improvements have been completed. Therefore,the City Attorney has prepared the attached Quit Claim Deed in order to remove the EDA from the mortgage. ACTION REQUESTED Approve the attached Quit Claim Deed between the EDA and AK Performance Graphics Inc. ATTACHMENTS: Type Description a Contract Quit Claim Deed -AK Performance Graphics (Reserved for Recording Data) QUIT CLAIM DEED STATE DEED TAX DUE HEREON: $1.65 Dated: ,2016. FOR VALUABLE CONSIDERATION,the ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FARMINGTON,a public body corporate and politic under the laws of the State of Minnesota, f/k/a the HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF FARMINGTON,Grantor, hereby conveys and quitclaims to AK PERFORMANCE GRAPHICS,INC., a Minnesota corporation,Grantee, real property in Dakota County,Minnesota,described as follows: Lot 4,Block 23, except the East 10 feet of said Lot 4,Block 23 of the Town of Farmington, according to the recorded plat thereof,Dakota County, Minnesota. This deed is given to state that all of the terms of the Contract for Private Development dated May 24,2010, and filed for record with the Dakota County Recorder on June 16, 2010,as Document No.2735840 and the First Amendment to Contract for Private Development dated July 18,2011,and filed for record with the Dakota County Recorder on August 8,2011,as Document No.2813516 between the Economic Development Authority in and for the City of Farmington and AK Performance Graphics, Inc.have been met and the right of reversion is void and no longer in effect. together with all hereditaments and appurtenances belonging thereto. THE GRANTOR CERTIFIES THAT THE GRANTOR DOES NOT KNOW OF ANY WELLS ON THE DESCRIBED REAL PROPERTY. 1 186284v1 The consideration for this transfer was less than$500.00. ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FARMINGTON By: Todd Larson, Chair By: Adam Kienberger,Executive Director STATE OF MINNESOTA ) )ss. COUNTY OF DAKOTA ) The foregoing instrument was acknowledged before me this day of , 2016, by Todd Larson and Adam Kienberger, respectively the Chair and Executive Director of the Economic Development Authority in and for the City of Farmington, a public body corporate and politic under the laws of the State of Minnesota, on its behalf Notary Public THIS INSTRUMENT WAS Tax Statements for the real property DRAFTED BY: described in this instrument should CAMPBELL KNUTSON,P.A. sent to: Grand Oak Office Center I AK Performance Graphics, Inc. 860 Blue Gentian Road, Suite 290 308 Elm Street Eagan,Minnesota 55121 Farmington,Minnesota 55024 AMP/cjh 186284v1 2 41ARAM4 City of Farmington 430 Third Street Farmington,Minnesota .11/46. 651.280.6800 -Fax 651.280.6899 .4 www.cifarmington.mn.us TO: Economic Development Authority FROM: Adam Kienberger, Community Development Director SUBJECT: VRC Hy-Vee Deferred Assessments Business Subsidy Agreement DATE: August 25,2016 INTRODUCTION/DISCUSSION The EDA's 2016-2018 Strategic Plan for Economic Development lists one of its priorities as 4. "Complete the development of Vermilion River Crossings."(VRC) Hy-Vee has submitted plans to the city for a grocery store, convenience store with gas, attached coffee shop, and car wash. On August 16th, Planning Commission approved Hy-Vee's site plan,preliminary and final plat applications, and conditional use permits for a grocery store and convenience store with gas (as conditional uses in the Spruce Street Commercial Zoning District). As part of the original development of VRC, assessments were levied against the parcels to fund the development infrastructure currently in place with the understanding that the city would enter into a tax abatement agreement to reimburse the developer for the assessments when improvements were made to the property. Over the past 11 years,the properties in VRC have gone back to the banks and sat largely undeveloped. Payments on the bonds levied to fund the infrastructure have been incorporated into the City Council's financial plan for many years. Entering into a business subsidy agreement satisfies the intent of the original development agreement and will not require additional taxes to be levied. In order to facilitate a market rate sale of the property, it is recommended that the City Council approve a business subsidy agreement with Hy-Vee related to the outstanding assessments assigned to the current Outlots A and C of the Vermillion River Crossings Plat. Outlot A currently has an assessment balance of $353,737.72,while Outlot C has a balance of$1,704,993.51 (principal plus interest). State law requires a business subsidy agreement be executed to remove the assessments from the property. When construction of the store commences, Hy-Vee has agreed to create 20 full-time jobs at a wage of $13.00 per hour or more, excluding benefits within two years. A public hearing for the business subsidy agreement is scheduled for the September 19th City Council meeting along with preliminary and final plat approval ACTION REQUESTED Recommend the City Council approve a business subsidy agreement with Hy-Vee Inc. related to the deferred assessments on Outlots A& C of the Vermillion River Crossings Development provided they create 20 jobs paying a wage of at least$13/hour. 41104 City of Farmington ______ 430 Third Street og Farmington,Minnesota 651.280.6800 -Fax 651.280.6899 +r.,,,, a www.cifarmington.mn.us TO: Economic Development Authority FROM: Adam Kienberger, Community Development Director SUBJECT: August Director's Report DATE: August 25,2016 INTRODUCTION/DISCUSSION EDA Vacancy The City Council will be conducting interviews on August 29 to fill the vacant seat on the EDA. It is anticipated that the City Council will make an appointment at their meeting on September 6,with the new commissioner attending their first FDA meeting on September 22. Trident Senior Living/Legacy of Farmington The 70-unit assisted living facility with memory care development is under construction. Footings have been poured and inspected as part of the initial construction process. Downtown Redevelopment Plan—Rambling River Center Plaza The EDA, RRC Advisory Commission, and Parks &Recreation Commission have all reviewed and commented on the original concepts for a public plaza at the Rambling River Center as recommended in the Downtown Redevelopment Plan. Staff is working with HKGi to develop a preferred concept and solicit public input so that an estimated construction cost can be determined. 2016-2018 Strategic Plan for Economic Development This will be a standing item of note each month in the Director's Report. The EDA's 2016-2018 Strategic Plan for Economic Development is included for your reference. Miscellaneous Articles Please find attached several miscellaneous articles of interest:CDA foreclosure update, and DEED's July Unemployment Report. NEXT MEETING Our next meeting is scheduled for Thursday,September 22 at 6:30 p.m. ACTION REQUESTED None, this report is intended to be a monthly update on various development and industry related topics. ATTACHMENTS: Type Description © Backup Material 2016-2018 Strategic Plan for Economic Development c Backup Material July DEED Employment Numbers D Backup Material CDA July Sheriff Sales D Backup Material CDA July Notice of Pendency Filings Farmington Economic Development Authority R �c o Ati 41.....4\ o .„,„,,.,., a w .,3 ,,,,,,,..„,„, g G p J~ OA4ST `S`�G A PROM 2016-2018 Strategic Plan for Economic Development January 2016 1 Introduction "The key to successful communities is their heart and soul—the unique cultures, landscapes, traditions and values that people cherish—and with people themselves taking action to enhance and sustain the places they love. Many communities are ready to protect their unique character,deeply engage their citizens,and meet the challenges of the 21st Century. Economic Development is one of those challenges,and citizens can assist with it by shopping locally and creating awareness to other citizens about the businesses within the City."(Farmington 2430 Comprehensive Plan—Chapter so:Economic Development Element) Strategic planning is a key component of economic development.A three-year strategic plan is a valuable tool for both elected and appointed officials,as well as staff to provide work direction and prioritization of new initiatives. The following document outlines the EDA's areas of focus for 2016-2018. Participation EDA Members: Todd Larson, Chair Jeri Jolley,Vice Chair Doug Bonar Steve Wilson Kirk Zeaman Adam Kienberger, Executive Director Dr. Craig Waldron, Facilitator 2 Mission The Economic Development Authority's mission is to improve the economic vitality of the city of Farmington and to enhance the overall quality of life by creating partnerships,fostering employment opportunities, promoting workforce housing,and expanding the tax base through development and redevelopment. Role of the EDA The role of the Farmington EDA is to serve as an advisory board to the City Council on matters related to economic development.Through policy development and implementation of new and existing tools,the EDA serves as the voice of economic development. 3 Strategic Priorities The following five priorities were ranked by the EDA at their strategic planning session and are defined below.These priorities will serve as the focus and primary guidance of the EDA from 2016-2018. Because new opportunities and ideas will arise during this timeframe,these priorities are meant to serve as the focus areas of the EDA while allowing flexibility to thoughtfully explore other topics deemed important. s. Develop tools for promoting growth and development in Farmington. 2. Develop strong incentive policies to ensure proper use of tools. 3. Explore plans for acquiring land for new industrial development. 4. Complete the development of Vermillion River Crossings. 5. Define and utilize the existing or future resources of the EDA. • 4 Implementation Strategies 1. Develop tools for promoting growth and development in Farmington. • Identify traditional economic development tools • Identify tools that can be unique to Farmington • Identify existing resources • Identify potential resource partners • Recommend tools to City Council 2. Develop strong incentive policies to ensure proper use of tools. • Discuss criteria and thresholds desired for individual tools(i.e.job creation, wages,etc.) . • Recommend policies to City Council • Allocate necessary resources • Promote available tools o Website etc. 3. Explore plans for acquiring land for new industrial development. • Provide input on the 2040 Comprehensive Plan and land use designations o Encourage additional collaboration between advisory bodies o Joint meeting(s)with Planning Commission • Maintain relationships with local landowners • Explore additional ways to facilitate land development 4. Complete the development of Vermillion River Crossings. • Maintain relationship with broker/landowners • Consider alternate land use options • Discuss existing assessments 5. Define and utilize the existing or future resources of the EDA. • Do current resources align with desired tools/initiatives? • Explore economic development revenue opportunities • Joint meeting(s)of the EDA and City Council 5 2016 Work Plan —TBD Check in on strategic priorities at each EDA meeting to demonstrate progress or discussion needed. 6 Adam Kienberger From: DEED Media <MNDEED @public.govdelivery.com> Sent Thursday,August 18, 2016 9:44 AM To: Adam Kienberger Subject: State Gains 11,300 Jobs in July nri . EMPLOYMENT AND Press Release ECONOMIC DEVELOPMENT 11*- ':1 MINNESOTA * I a° • * a a For Immediate Release Contact: Monte Hanson, 651-259-7149 August 18, 2016 monte.hansonOstate.mn.us Oriane Casale, 651-259-7383 oriane.casaleOstate.mn.us State Gains 11,300 Jobs in July —Seasonally adjusted employment tops 2.9 million for first timer- ST. PAUL — Minnesota employers added 11,300 jobs in July, according to seasonally adjusted figures released today by the Minnesota Department of Employment and Economic Development (DEED). Those figures, combined with revised data that showed the state gained 2,400 more jobs than originally reported in June, brought employment gains in the state to 44,034 over the past year, an increase of 1.5 percent. Jobs nationally climbed 1.7 percent over the past year. The Minnesota unemployment rate rose 0.1 percent in July to a seasonally adjusted 3.9 percent. The U.S. unemployment rate was 4.9 percent in July. "Last month's job gains pushed seasonally adjusted employment in Minnesota above the 2.9 million mark for the first time in state history," said DEED Commissioner Shawntera Hardy. "The state has gained 21,000 jobs in the past two months alone, a strong indication that the economy is continuing to grow." Leisure and hospitality led all sectors in July with 3,400 new jobs. Other industries gaining jobs were trade, transportation and utilities (up 2,100), other services (up 1,800), education and health care (up 1,700), government (up 700), professional and business services (up 700), construction (up 600), information (up 400) and financial activities (up 100). Logging and mining held steady. 1 Manufacturing was the only industry that lost jobs, down 200. Over the past year, the following sectors gained jobs: education and health services (up 20,486), leisure and hospitality (up 10,999), trade, transportation and utilities (up 6,549), construction (up 6,050), financial activities (up 1,836), professional and business services (up 1,014) and manufacturing (up 559). Four industries lost jobs in the past 12 months: logging and mining (down 1,580), information (down 1,525), government (down 185) and other services (down 169). In the Metropolitan Statistical Areas, the following regions gained jobs in the past 12 months: Minneapolis-St. Paul MSA (up 1.9 percent), Rochester MSA (up 2.9 percent), St. Cloud MSA (up 2.9 percent), Mankato MSA (up 1.7 percent) and Duluth-Superior MSA (up 0.1 percent). DEED has added a section to its website that examines the unemployment rate by demographics (race, age and gender) and looks at alternative measures of unemployment. Go here for details. DEED is the state's principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and our services, visit the DEED website or follow DEED on Twitter. Seasonally adjusted Not seasonally adjusted Unemployment July 2016 June 2016 July 2016 July 2015 Rate • Minnesota 3.9 3.8 3.7 3.7 U.S. 4.9 4.9 5.1 5.6 Employment July 2016 July 2015 /o July`15-July`16 July'15-July Level Change 16 Change Minnesota 2,903,100 2,860,900 44,034 1.5 U.S. ( 144,448,000 142,001,000 I 2,411,000 1.7 Over The Year Employment Growth By Industry Sector(NSA) OTY Job OTY Growth U.S. Change Rate(%) OTY Growth Rate(%) Total Non-Farm Employment 44,034 1.5 1.7 Logging and Mining -1,580 -20.7 -16.2 2 Construction 6,050 4.6 3.1 Manufacturing 559 0.2 -0.2 Trade,Trans.and Utilities 6,549 1.2 1.4 Information -1,525 -2.9 1.1 Financial Activities 1,836 1.0 2.0 Prof.and Bus. Services 1,014 0.3 2.6 Ed.and Health Services 20,486 4.1 2.8 Leisure and Hospitality 10,999 4.0 2.7 Other Services -169 -0.1 1.0 Government -185 -0.0 I 1.2 Metropolitan Statistical Area OTY Employment OTY Employment Change(#,NSA) Change(%,NSA) Minneapolis-St.Paul MN-WI MSA 36,024 1.9 • Duluth-Superior MN-WI MSA 141 0.1 Rochester MSA 3,435 2.9 St.Cloud MSA 3,063 2.9 Mankato MSA 924 1.7 -30- Upon request, the information in this news release can be made available in alternative formats for people with disabilities by contacting the DEED Communications Office at 651-259-7161. 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