Loading...
HomeMy WebLinkAbout09.18.23 EDA Packet Meeting Location: Farmington City Hall 430 Third Street Farmington, MN 55024 ECONOMIC DEVELOPMENT AUTHORITY REGULAR MEETING AGENDA Monday, September 18, 2023 5:30 PM Page 1. CALL TO ORDER 2. PLEDGE OF ALLEGIANCE 3. ROLL CALL 4. APPROVE AGENDA 5. CITIZEN COMMENTS 6. CONSENT AGENDA 6.1. Minutes of Economic Development Authority Meeting Dated August 21, 2023 Approve the minutes of the August 21, 2023 Economic Development Authority meeting. Agenda Item: Minutes of Economic Development Authority Meeting Dated August 21, 2023 - Pdf 3 - 6 6.2. Monthly Financial Statement Accept the monthly Financial Statement. Agenda Item: Monthly Financial Statement - Pdf Agenda Item: Monthly Financial Statement - Html EDA Financial Report - August 2023 7 - 10 7. PUBLIC HEARINGS 8. DISCUSSION ITEMS 8.1. Approval of Micro Grant for Grant Heating and Air, LLC - R09-23 Approve R09-23 allocating $2,500.00 of the EDA Micro Grant Program funds to Grant Heating and Air, LLC. 11 - 21 Page 1 of 38 Agenda Item: Approval of Micro Grant for Grant Heating and Air, LLC - R09-23 - Pdf 8.2. Bold Marketing Opportunity - 'My Town' No action required. Staff are available to answer any questions regarding the opportunity. Agenda Item: Bold Marketing Opportunity - 'My Town' - Pdf 22 - 30 9. DIRECTOR'S REPORT 9.1. Director's Report No action request. This report is for informational purposes only. Staff is available to provide additional details and answer any questions. Agenda Item: Director's Report - Pdf Agenda Item: Director's Report - Html 09-2023 meeting 31 - 38 10. ADJOURN Page 2 of 38 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Shirley Buecksler, City Clerk Department: Administration Subject: Minutes of Economic Development Authority Meeting Dated August 21, 2023 Meeting: Economic Development Authority - Sep 18 2023 INTRODUCTION: For the Commission's review and approval are the minutes of the August 21, 2023 Economic Development Authority meeting. DISCUSSION: Not applicable BUDGET IMPACT: Not applicable ACTION REQUESTED: Approve the minutes of the August 21, 2023 Economic Development Authority meeting. ATTACHMENTS: 08.21.23 EDA Minutes Page 3 of 38 City of Farmington Economic Development Authority Regular Meeting Minutes Monday, August 21, 2023 The Farmington Economic Development Authority met in regular session on Monday, August 21, 2023, at Farmington City Hall, 430 3rd Street, Farmington, Minnesota. 1. CALL TO ORDER Chair Wilson called the meeting to order at 5:30 p.m. 2. PLEDGE OF ALLEGIANCE Chair Wilson lead everyone in the Pledge of Allegiance. 3. ROLL CALL Members Present: Chair Steve Wilson Commissioners Holly Bernatz, Joshua Hoyt, and Nick Lien Members Absent: Commissioner Porter (excused absence) Also Present: Lynn Gorski, City Administrator Julie Flaten, Asst City Administrator/HR Director Deanna Kuennen, Community Development Director/EDA Executive Director Stephanie Aman, Economic Development Coordinator John Powell, Public Works Director Shirley Buecksler, City Clerk 4. APPROVE AGENDA Motion was made by Commissioner Hoyt and seconded by Commissioner Bernatz to approve the agenda, as presented. Motion carried: 4 ayes / 0 nays. 5. CITIZEN COMMENTS No one addressed the Commission to speak. 6. CONSENT AGENDA 6.1 Minutes of the Economic Development Authority Meeting dated July 17, 2023 6.2 Monthly Financial Statement 6.3 Open to Business – Q2 Report, 2023 Motion was made by Commissioner Hoyt and seconded by Commissioner Bernatz to approve the Consent Agenda, as amended. Motion carried: 4 ayes / 0 nays. Page 4 of 38 Economic Development Authority Minutes August 21, 2023 Page 2 of 3 7. PUBLIC HEARINGS There were no public hearings. 8. DISCUSSION ITEMS 8.1 Approval of Micro Grant for The Pam McCarthy Agency Inc. – R08-23 The Pam McCarthy Agency Inc., located at 402 3rd Street, applied for $2,500.00 in matching grant funding from the EDA Micro Grant Program to execute a robust direct mail marketing campaign. Data points provided by The Pam McCarthy Agency show the potential impact that the marketing campaign could have to spur business, increase awareness of the agency’s offerings, and improve closing rates. Staff have reviewed the marketing plan and the data point explanation and see the benefit that the marketing campaign could have for this business. This request meets the eligibility parameters for receiving the EDA Micro Grant funding. Motion was made by Commissioner Bernatz and seconded by Commissioner Lien to adopt EDA Resolution No. R08-23 Approving Micro Grant Funding to The Pam McCarthy Agency Inc. for Certain Business Improvements. Motion carried: 3 ayes / 0 nays / 1 abstain – Commissioner Hoyt abstained. 8.2 Understanding Tools and Available Land for Economic Development Understanding available land and properties is crucial to economic development. Equally as important to economic development is Staff’s understanding of the tools available to present land to potential developers. Director Kuennen and Coordinator Aman demonstrated some of the methods used to determine available property and land inventory, along with various tools that are available to help Staff understand and present those properties to clients. The GIS map created by GIS Specialist Dani Olson provides Staff with many layers of information on any specific property. When printed, these maps will be branded with the Farmington logo. Having GIS capabilities in-house is important and beneficial. Staff listen and respond to each request, and the additional tools on this site give us the ability to apply specific details to individual property maps. The software, data, and the talent of City Staff will allow us to create tools that give us accurate and thorough information. We are building an available land database that elevates our capacity to site selectors. This tool is a starting point and a good statewide tool. The Economic Development team works closely with other departments to ensure Farmington is providing each project with a sophisticated and customized response. Page 5 of 38 Economic Development Authority Minutes August 21, 2023 Page 3 of 3 Due to lack of time, Chair Wilson asked Staff to incorporate any other items and share this again at a future meeting. 9. DIRECTOR’S REPORT 9.1 Director’s Report The July 2023 summary, focusing on projects, prospects, business visits, meetings, and other activities and initiatives was provided in the Director’s Report in the packet for this evening. Staff answered questions from Commissioners. 10. ADJOURNMENT Motion was made by Commissioner Lien and seconded by Commissioner Hoyt to adjourn the meeting at 6:05 p.m. Motion carried: 4 ayes / 0 nays. Respectfully submitted, Shirley R Buecksler City Clerk Page 6 of 38 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Deanna Kuennen, Community Dev Director Department: EDA Subject: Monthly Financial Statement Meeting: Economic Development Authority - Sep 18 2023 INTRODUCTION: Attached is the monthly Financial Statement for August 2023, and a year -to-date summary of expenditures. DISCUSSION: Attached is the monthly Financial Statement for August 2023, including year -to-date expenditures. The expenditures reflect the budget decisions made at the beginning of the year to reallocate funding to marketing efforts. Other known marketing expenses for this year include the Unexpectedly Bold branded items and the Dallas marketing trip with the Minnesota Marketing Partnership to meet with site selectors, brokers, and businesses. BUDGET IMPACT: Not applicable ACTION REQUESTED: Accept the monthly Financial Statement. ATTACHMENTS: EDA Financial Report - August 2023 Page 7 of 38 Business Unit Object Account Account Description YTD Actual 2023 BUDGET Budget 2023 MONTH Actual 2023 2000 - HRA/ECONOMIC DEVELOP1010 CASH 230,217.09 -11,601.85 2000 - HRA/ECONOMIC DEVELOP1010 CASH-LGA ASSMNT RELIEF 35,000.00 0.00 2000 - HRA/ECONOMIC DEVELOP1305 ACCOUNTS RECEIVABLE 0.00 0.00 2000 - HRA/ECONOMIC DEVELOP2010 ACCOUNTS PAYABLE MANUAL 0.00 2,500.00 2000 - HRA/ECONOMIC DEVELOP3510 UNRESERVED FUND BALANCE -248,988.23 0.00 2000 - HRA/ECONOMIC DEVELOP4955 INTEREST ON INVESTMENTS -3,498.51 -1,600.00 0.00 2000 - HRA/ECONOMIC DEVELOP5010 SALES OF ASSETS 0.00 0.00 0.00 2000 - HRA/ECONOMIC DEVELOP5205 OPERATING TRANSFERS -70,302.36 -50,000.00 -4,166.67 2000 - HRA/ECONOMIC DEVELOP5350 MISCELLANEOUS REVENUE -1.00 0.00 0.00 EXPENSE DETAILS 2000 - HRA/ECONOMIC DEVELOP6401 PROFESSIONAL SERVICES 15,300.00 1,000.00 0.00 -14,300.00 MREJ Marketing Plan, Substandard building report, WSB Mappping, Marketing Pack (branding) 2000 - HRA/ECONOMIC DEVELOP6403 LEGAL 3,255.00 1,000.00 0.00 -2,255.00 2000 - HRA/ECONOMIC DEVELOP6404 IT SERVICES 0.00 0.00 0.00 0.00 2000 - HRA/ECONOMIC DEVELOP6426 INSURANCE 386.48 560.00 48.31 173.52 2000 - HRA/ECONOMIC DEVELOP6450 OUTSIDE PRINTING 717.94 250.00 0.00 -467.94 Name plate, program mailing, branded cups, branded stickers 2000 - HRA/ECONOMIC DEVELOP6455 LEGAL NOTICES 0.00 100.00 0.00 100.00 2000 - HRA/ECONOMIC DEVELOP6460 MEMBER DUES & LICENSURE 2,988.75 2,500.00 0.00 -488.75 Dakpta Chamber, 2 EDAM Memberships 2000 - HRA/ECONOMIC DEVELOP6460 MEMBER DUES & LICENSURE 0.00 0.00 0.00 2000 - HRA/ECONOMIC DEVELOP6470 TRAINING & SUBSISTANCE 1,482.03 3,500.00 0.00 2,017.97 EDAM Winter (1), MMP Mtgs, EDAM Summer (2), hotel 2000 - HRA/ECONOMIC DEVELOP6480 MEETING EXPENSE 234.66 139.12 -234.66 Mileage, Parking, Food for Chamber Coffee 2000 - HRA/ECONOMIC DEVELOP6485 MILEAGE REIMBURSEMENT 1,667.41 1,000.00 81.09 -667.41 2000 - HRA/ECONOMIC DEVELOP6492 ADVERTISING 8,715.05 0.00 8,000.00 -8,715.05 MMP Membership, Vikings Ad 2000 - HRA/ECONOMIC DEVELOP6505 EQUIPMENT REPAIR/MAINTENANCE 0.00 1,600.00 0.00 1,600.00 2000 - HRA/ECONOMIC DEVELOP6505 EQUIPMENT REPAIR/MAINT - DBB 0.00 0.00 0.00 0.00 2000 - HRA/ECONOMIC DEVELOP6550 DEVELOPER PAYMENTS 17,675.69 60,000.00 5,000.00 42,324.31 2022 Grant Payments (2), 2023 Micro Grant (3) 2000 - HRA/ECONOMIC DEVELOP6570 PROGRAMMING EXPENSE 5,150.00 10,000.00 0.00 4,850.00 2000 - HRA/ECONOMIC DEVELOP6950 MACHINERY, EQUIPMENT & TOOLS 0.00 0.00 0.00 2000 - HRA/ECONOMIC DEVELOP7140 LEGAL & FISCAL FEES 0.00 0.00 0.00 2000 - HRA/ECONOMIC DEVELOP7310 OPERATING TRANSFERS 0.00 0.00 0.00 0.00 TOTAL BUDGET 81,510.00 TOTAL EXPENSES 57,573.01 AVAILABLE BUDGET 23,936.99 Total 2000 - HRA/ECONOMIC DEVELOPMENT 0.00 29,910.00 0.00 23,936.99 0.00 29,910.00 0.00 0.00 29,910.00 0.00 Page 8 of 38 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From:Deanna Kuennen, Community Dev Director Department:EDA Subject:Monthly Financial Statement Meeting:Economic Development Authority - Sep 18 2023 INTRODUCTION: Attached is the monthly Financial Statement for August 2023, and a year-to-date summary of expenditures. DISCUSSION: Attached is the monthly Financial Statement for August 2023, including year-to-date expenditures. The expenditures reflect the budget decisions made at the beginning of the year to reallocate funding to marketing efforts. Other known marketing expenses for this year include the Unexpectedly Bold branded items and the Dallas marketing trip with the Minnesota Marketing Partnership to meet with site selectors, brokers, and businesses. BUDGET IMPACT: Not applicable ACTION REQUESTED: Accept the monthly Financial Statement. ATTACHMENTS: EDA Financial Report - August 2023 Page 9 of 38 Business Unit Object Account Account Description YTD Actual 2023 BUDGET Budget 2023 MONTH Actual 2023 2000 - HRA/ECONOMIC DEVELOP1010 CASH 230,217.09 -11,601.85 2000 - HRA/ECONOMIC DEVELOP1010 CASH-LGA ASSMNT RELIEF 35,000.00 0.00 2000 - HRA/ECONOMIC DEVELOP1305 ACCOUNTS RECEIVABLE 0.00 0.00 2000 - HRA/ECONOMIC DEVELOP2010 ACCOUNTS PAYABLE MANUAL 0.00 2,500.00 2000 - HRA/ECONOMIC DEVELOP3510 UNRESERVED FUND BALANCE -248,988.23 0.00 2000 - HRA/ECONOMIC DEVELOP4955 INTEREST ON INVESTMENTS -3,498.51 -1,600.00 0.00 2000 - HRA/ECONOMIC DEVELOP5010 SALES OF ASSETS 0.00 0.00 0.00 2000 - HRA/ECONOMIC DEVELOP5205 OPERATING TRANSFERS -70,302.36 -50,000.00 -4,166.67 2000 - HRA/ECONOMIC DEVELOP5350 MISCELLANEOUS REVENUE -1.00 0.00 0.00 EXPENSE DETAILS 2000 - HRA/ECONOMIC DEVELOP6401 PROFESSIONAL SERVICES 15,300.00 1,000.00 0.00 -14,300.00 MREJ Marketing Plan, Substandard building report, WSB Mappping, Marketing Pack (branding) 2000 - HRA/ECONOMIC DEVELOP6403 LEGAL 3,255.00 1,000.00 0.00 -2,255.00 2000 - HRA/ECONOMIC DEVELOP6404 IT SERVICES 0.00 0.00 0.00 0.00 2000 - HRA/ECONOMIC DEVELOP6426 INSURANCE 386.48 560.00 48.31 173.52 2000 - HRA/ECONOMIC DEVELOP6450 OUTSIDE PRINTING 717.94 250.00 0.00 -467.94 Name plate, program mailing, branded cups, branded stickers 2000 - HRA/ECONOMIC DEVELOP6455 LEGAL NOTICES 0.00 100.00 0.00 100.00 2000 - HRA/ECONOMIC DEVELOP6460 MEMBER DUES & LICENSURE 2,988.75 2,500.00 0.00 -488.75 Dakpta Chamber, 2 EDAM Memberships 2000 - HRA/ECONOMIC DEVELOP6460 MEMBER DUES & LICENSURE 0.00 0.00 0.00 2000 - HRA/ECONOMIC DEVELOP6470 TRAINING & SUBSISTANCE 1,482.03 3,500.00 0.00 2,017.97 EDAM Winter (1), MMP Mtgs, EDAM Summer (2), hotel 2000 - HRA/ECONOMIC DEVELOP6480 MEETING EXPENSE 234.66 139.12 -234.66 Mileage, Parking, Food for Chamber Coffee 2000 - HRA/ECONOMIC DEVELOP6485 MILEAGE REIMBURSEMENT 1,667.41 1,000.00 81.09 -667.41 2000 - HRA/ECONOMIC DEVELOP6492 ADVERTISING 8,715.05 0.00 8,000.00 -8,715.05 MMP Membership, Vikings Ad 2000 - HRA/ECONOMIC DEVELOP6505 EQUIPMENT REPAIR/MAINTENANCE 0.00 1,600.00 0.00 1,600.00 2000 - HRA/ECONOMIC DEVELOP6505 EQUIPMENT REPAIR/MAINT - DBB 0.00 0.00 0.00 0.00 2000 - HRA/ECONOMIC DEVELOP6550 DEVELOPER PAYMENTS 17,675.69 60,000.00 5,000.00 42,324.31 2022 Grant Payments (2), 2023 Micro Grant (3) 2000 - HRA/ECONOMIC DEVELOP6570 PROGRAMMING EXPENSE 5,150.00 10,000.00 0.00 4,850.00 2000 - HRA/ECONOMIC DEVELOP6950 MACHINERY, EQUIPMENT & TOOLS 0.00 0.00 0.00 2000 - HRA/ECONOMIC DEVELOP7140 LEGAL & FISCAL FEES 0.00 0.00 0.00 2000 - HRA/ECONOMIC DEVELOP7310 OPERATING TRANSFERS 0.00 0.00 0.00 0.00 TOTAL BUDGET 81,510.00 TOTAL EXPENSES 57,573.01 AVAILABLE BUDGET 23,936.99 Total 2000 - HRA/ECONOMIC DEVELOPMENT 0.00 29,910.00 0.00 23,936.99 0.00 29,910.00 0.00 0.00 29,910.00 0.00 Page 10 of 38 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Stephanie Aman, Economic Development Coordinator Department: EDA Subject: Approval of Micro Grant for Grant Heating and Air, LLC - R09-23 Meeting: Economic Development Authority - Sep 18 2023 INTRODUCTION: At the March 20, 2023, meeting, the Farmington EDA approved and directed staff to create a new Micro Grant Program for Farmington businesses. Staff worked with legal, created the appropriate documents including guidelines, application, and agreements and opened applications on June 1, 2023, as planned. DISCUSSION: Grant Heating and Air, LLC, located at 509 First Street, has applied for $2,500.00 in matching grant funding from the EDA Micro Grant Program. to assist in creating awareness of their business. Grant funds would be used to update curb appeal items includin g painting of the building and construction and installation of signage, including door wraps. Grant Heating and Air, LLC recently purchased their building and are working to beautify the site and ensure that residents and others know where they are located and what they do. This cleanup with signage will help attract customers by creating a welcoming environment for clients. The business has provided estimates for signage and painting that total $5,044.94 and this request meets the eligibility parameters for receiving the EDA Micro Grant funding. BUDGET IMPACT: $2,500.00 ACTION REQUESTED: Approve R09-23 allocating $2,500.00 of the EDA Micro Grant Program funds to Grant Heating and Air, LLC. ATTACHMENTS: R09-23 - Approving Micro Grant Grant Heating and Air LLC- 2500 EDA Resolution Grant Heating and Air LLC Grant Heating Air - DOCS-#226645-v2-MicroGrant_Agreement - FINAL Page 11 of 38 ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF FARMINGTON DAKOTA COUNTY STATE OF MINNESOTA RESOLUTION NO. R09-23 A RESOLUTION APPROVING MICRO GRANT FUNDING TO GRANT HEATING AND AIR LLC FOR CERTAIN BUSINESS IMPROVEMENTS. WHEREAS, the City of Farmington Economic Development Authority and City Council has identified business growth as a priority pillar; and WHEREAS, the City of Farmington Economic Development Authority has created a new Micro Grant program, allocating twenty-five thousand dollars ($25,000.00) of their budget, to support projects that enhance and expand small businesses; and WHEREAS, the Farmington EDA has agreed to award grant funds up to half of the estimated costs for eligible projects to businesses, not to exceed two thousand five hundred and no dollars ($2,500.00). WHEREAS, on September 1, 2023, Megan Grant of Grant Heating and Air, LLC, applied for a $2,500.00 Micro Grant through the Farmington Economic Development Authority Micro Grant program; and WHEREAS, the Grantee has presented eligible estimates or bids for curb appeal updates including painting and signage that total $5,044.94. WHEREAS, the Grantee agrees to obtain all required and necessary permits to perform the work for which the Micro Grant funds were requested; and NOW, THEREFORE, BE IT RESOLVED: 1. The Farmington EDA hereby approves the attached Micro Grant Agreement attached hereto as Exhibit A. 2. Upon execution of the Micro Grant Agreement, the Farmington EDA staff may distribute to Megan Grant of Grant Heating and Air, LLC a Micro Grant in the amount of $2,500.00. 3. The President and Executive Director are authorized and directed to execute all documents and take all appropriate measures to distribute the Micro Grant pursuant to the Agreement. Adopted by the Farmington Economic Development Authority of the City of Farmington, Minnesota, this 18th day of September, 2023. Page 12 of 38 ATTEST: ____________________________ ______________________________ Steve Wilson, President Deanna Kuennen, Executive Director Page 13 of 38 Farmington M ic ro Grant 1 / 3 Q1 Busines s name Grant Heating and Air, LLC Q2 Name and title of indiv idual apply ing Megan Grant Q3 Busines s Inform ation Addres s 509 First St Addres s 2 509 First St City/Town Farmington State/Provinc e MN ZIP/Pos t al Code 55024 Country Uni ted States Email Addres s megan@grantheating.com Phone Number 6512260515 Q4 Are you currently or have y ou in the las t 12 months, worked with Open to Business or a s imilar c oac hing organiz ation? No Q5 Are you loc ated within the m unic ipal boundaries of Farmington, MN? Yes #5#5 COMPLETECOMPLETE Col lector:Col lector: Web Link 1 Web Link 1 (Web Link )(Web Link ) Started:Started: Friday, September 01, 2023 1:33:35 PMFriday, September 01, 2023 1:33:35 PM Last Modified:Last Modified: Friday, September 01, 2023 1:42:27 PMFriday, September 01, 2023 1:42:27 PM Time Spent:Time Spent: 00:08:5100:08:51 IP Address:IP Address: 68.113.243.13468.113.243.134 Page 1: Farmington EDA Micro Grant Application Page 14 of 38 Farmington M ic ro Grant 2 / 3 Q6 Please Ack nowledge the following: I have reviewed and understand the Micro Grant guidelines. Q7 Is your bus iness regis tered with the s ecretary of state? Yes Q8 Is property up to date on all property taxes and in good s tanding with the City? Yes Q9 Year busines s was founded 2009 Q10 Describe your bus ines s We prov ide HVAC s ervic es to resident s and bus iness es in the sout h met ro. Q11 Reques ted grant amount 2500.00 Q12 Projec t des c ription – narrativ e of how funds will be us ed and how it will help your bus ines s We purc hased our building at the beginning of 2023 and are inves ting in some "curb appeal" projects t hat will improve t he ov erall look of t he building and also add some branding to build brand awarenes s for our c ompany. Projec ts to be completed include removal and s tump remov al of ov ergrown trees in f ront of building (being c ompleted 9/4/23), new gras s in front, paint of t he ex terior building (es t imate attac hed), addition of signage to f ront and back of building (es t imate of $300 that I c annot attac h) but propos ed work may ev olve to addit ional signage attached to s iding above front door. Q13 Attachm ent: Bus iness Plan GRANT%20HEATING%20AND%20AI R%20Business%20Pl an.docx (250.9KB) Page 15 of 38 Farmington M ic ro Grant 3 / 3 Q14 Attachm ent: Bid/Projec t Cos t Es timates Estimate_1003_from_Rai nbow_Painting_LLC.pdf (54.7KB) Q15 Relevant photos depic ting y our projec t shop%20image3.jpeg (2.1MB) Q16 Financ ial Plan: attach 12 m onths of financial projections AND profit/los s balanc e sheet for the previous 12 months ProfitandLoss%209.1.22-9.1.23.pdf (39.7KB) Q17 Please ack nowledge the following By subm i tting this application, I attest that I have revi ewed the program gui delines and that my application is truthful and com plete. Page 16 of 38 1 226645v2 City of Farmington EDA Micro Grant Program Grant Agreement This Micro Grant Agreement ( “Agreement”) is made and entered into this 18th day of September, 2023 by and between Megan Grant, Grant Heating and Air, LLC, at 509 First St, Farmington, Minnesota ( “Grantee”) and the City of Farmington Economic Development Authority (EDA), a public body corporate and politic, having its principal offices at 430 Third Street, Farmington, Minnesota ( “Grantor”). WHEREAS, the Grantee acknowledges that the source of funding for this Agreement are City of Farmington funds provided and approved for disbursement by the EDA as grants in accordance with the EDA’s powers under Minn. Stat. ch. 469 and the Authority’s authorization of this Micro Grant Program. WHEREAS, the Grantor has established a Micro Grant Program ( “Program”) to support small businesses, enhance the footprint of Farmington businesses and meet businesses where they are at, within the municipal boundaries of the City of Farmington; and WHEREAS, the Grantee has applied for Micro Grant Program funds signage, painting, brand building and awareness, and curb appeal to attract more business for the newly purchased property for Grant Heating and Air, LLC (“Project”) for their business located at 509 First St, with the tax pin 14.77000.06.041 ( “Property”); and WHEREAS, the Grantor has reviewed the Grantee’s application and determined that the proposed project meets the requirements of the Program; and WHEREAS, the Grantee desires to participate in the Program, on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the agreements hereinafter contained, the parties agree as follows: A – Project: 1. The Grantee agrees and acknowledges that the approved Project which was outlined in the Grantee’s original application is described as follows: a. Purchase and install signage and wrap as described in estimate to promote brand awareness to increase business. b. Paint building and perform cleanup of the area to increase curb appeal. c. Estimated Project Costs: $5,044.94 2. If the Grantee wishes to revise the Project receiving grant funding through the Program, the Grantee must submit the revised Project description to the EDA Executive Director to be reviewed by the EDA. a. The EDA will approve or deny the revised Project description at the next earliest regular EDA Meeting. Page 17 of 38 2 226645v2 3. The Grantee agrees to apply for and receive all necessary permits and approvals from the City of Farmington and from any other governing authority with jurisdiction over the Property related to the construction of the Project prior to work beginning if applicable. 4. The Grantee agrees to complete the Project in accordance with all applicable laws, rules and regulation, including but not limited to, Farmington City Code, State Building Code, Fire Code, etc. 5. The Grantee shall select the means, method and manner of performing the Agreement requirements and Project. B – Project Timeline: 1. The Project shall be completed within one (1) year of the disbursement of Grant Funds to the Grantee. a. The Agreement and the Project deadline may be extended once, with the length of the extension to be determined on a case-by-case basis. If an extension is necessary, a written extension request shall be made to the Executive Director of the EDA and will be approved or denied by the EDA at the next earliest regular EDA Meeting. b. Grantee must notify the EDA when the Project is complete. A final report on the Project must be submitted within a year of the disbursement of Grant Funds and must include the following: i. document how the Grant Funds were used; ii. describe the impact of the Grant Funds; and iii. photos of the Project. c. Final reports may be utilized for EDA meetings, publicity regarding the EDA’s economic development efforts, and any other use per the EDA’s discretion. C – Payment of Grant Funds 1. Upon execution of the grant agreement, the EDA shall remit one-half (1/2) of the Project Costs estimated by the Grantee, but in no event shall the Grant Funds exceed Two Thousand Five Hundred Dollars ($2,500.00). a. Grant Funds: $2,500.00 2. The Grantee agrees to use the proceeds of the grant solely for the approved Project, as outlined in the Grantee’s Micro Grant application and this Agreement (“Permitted Uses”). D – Liability and Indemnification 1. Neither the City of Farmington nor the EDA shall in any event be liable to the Grantee, nor to any of its agents, employees, guests or invitees, for damages arising from bodily injury, death, property damage, sickness, disease, or loss and expense resulting from or alleged to result from Grantee’s operations under this Agreement. 2. The Grantee shall indemnify, save, defend and hold harmless the City of Farmington and the EDA from any claims, liability, causes of action, damages, losses, and costs including attorney fees resulting directly or indirectly from any act or use of Grant Funds including Page 18 of 38 3 226645v2 the defect or claimed defect of any of the Project or any such manner arising from this Agreement. 3. This section shall survive the termination, expiration or cancellation of this Agreement. E – Written Notice 1. When written notice is required or permitted due to the Project, Agreement and/or Program, it shall be addressed hereunder to the follow addresses. Written Notice to the Grantor: Written Notice to the Grantee: Farmington EDA Grant Heating and Air, LLC Attn: Executive Director Attn: Megan Grant 430 Third Street 509 First St Farmington, MN 55024 Farmington, MN 55024 F – Entire Agreement, Assignment 1. This Agreement constitutes the complete agreement between the parties and supersedes any prior oral or written agreement(s) between the parties regarding the subject matter contained herein. There are no verbal agreements that change this Agreement. 2. The Grantee shall neither assign nor transfer any rights or obligations under this Agreement without the prior written consent of the EDA. 3. Any alterations, variations, modifications, amendments or waivers of the provisions of the Agreement shall only be valid when they have been reduced to writing and signed by the authorized representatives of the parties. G – Cancellation 1. Prior to the disbursement of funds, this Agreement may be cancelled by the EDA or Grantee at any time, with or without cause, upon thirty (30) days written notice to the other party. 2. If the Grantee fails to perform any of the provisions of this Agreement including providing false, misleading or incomplete information in documents submitted to the City, fails to use Grant Funds exclusively for the Project Costs, or otherwise breaches or fails to comply with any of the terms of this Agreement, it shall be in default. 3. It is expressly understood and agreed that the Grant Funds provided will be used exclusively for Permitted Uses. Failure to adhere to these uses as required or failure to submit a final report will result in the clawback of Grant Funds and a five-year ban from future EDA grants and programs. 4. The EDA may immediately terminate this Agreement if funding cannot be continued at a level sufficient to allow for the payment of the Grant Funds. Termination must be by written notice to the Grantee. 5. This section shall survive the termination, expiration or cancellation of this Agreement. H – Records – Availability, Access and Audit Clause Page 19 of 38 4 226645v2 1. Pursuant to Minn. Stat. §16C.05, subd. 5, the Grantee agrees that the EDA, City, the State Auditor or any of their duly authorized representatives at any time during normal business hours and as often as they may reasonably deem necessary, shall have access to and the right to examine, audit, excerpt and transcribe any books, documents, papers, records, etc. which are pertinent to the accounting practices and procedures of the Grantee which specifically involve the transactions relating to this Agreement. The Grantee agrees to maintain these records for a minimum of six years from the date of Agreement fulfillment or termination of this Agreement as outlined by Minn. Stat. §16C.05, subd. 5. 2. All data in the application and this Agreement is subject to the Data Practices Act, Minn. Stat. Ch. 13. I – Conflict of Interest 1. No elected official, officer, or employee of the City or EDA shall during his or her tenure or employment and for one year thereafter, have any interest, direct or indirect, in this Agreement or the proceeds thereof. J – Miscellaneous. 1. The laws of the state of Minnesota shall govern all questions and interpretations concerning the validity and construction of this Agreement and the legal relations between the parties and their performance. Venue for all legal proceedings out of this Agreement, or its breach, must be in the appropriate state court within Dakota County, Minnesota. 2. Grantee affirms that all information that has been submitted or will be submitted by the Grantee as part of the Micro Grant Application and verification process is true and correct. 3. Grantee acknowledges that the Grant Funds may be subject to federal and state taxes. 4. The Grantee certifies that it is in compliance with Minn. Stat. §176.181, Subd. 2, pertaining to workers’ compensation insurance coverage. 5. The EDA is allowed to promote the Project through informational pamphlets, press releases, research, reports, websites, signs and similar public notices prepared by or for the EDA which may include photos and design elements. The Parties agree that the Grant is not a business subsidy as defined in Minnesota Statutes, Sections 116.993 to 116.995, as amended (the “Business Subsidy Act”), because the assistance is in an amount less than $150,000.00. IN WITNESS WHEREOF, the parties hereto have hereby executed this agreement as of the year and date above on page 1. GRANTOR: GRANTEE: CITY OF FARMINGTON EDA GRANT HEATING AND AIR, LLC 430 THIRD STREET 509 FIRST STREET FARMINGTON, MN 55024 FARMINGTON, MN 55024 BY: __________________________________________ BY: __________________________________________ Steve Wilson, Chair Megan Grant, Business Owner DATE: _______________________________________ DATE: _______________________________________ Page 20 of 38 5 226645v2 BY: __________________________________________ Deanna Kuennen, Executive Director DATE: _______________________________________ Page 21 of 38 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Stephanie Aman, Economic Development Coordinator Department: EDA Subject: Bold Marketing Opportunity - 'My Town' Meeting: Economic Development Authority - Sep 18 2023 INTRODUCTION: As a continuation of the marketing plan and efforts to boldly promote Farmington and highlight our unique story and value proposition, Staff will share a new opportunity to be involved in a docuseries that will be filmed and produced in 2024. DISCUSSION: Staff met with Cory Hepola, who some may remember as a news anchor for Kare 11. In Cory's new role with The Brookshire Company, he brings attention to rural America through a docuseries called "My Town". Cory's work on "Rural by Choice" is a well known and loved docuseries that is currently nominated for 2 Emmy awards and was selected into the Twin Cities Film Fest as well as spotlighted in Times Square in New York City. The new series, "My Town", will feature eight (8) rural communities each year, and w ith this professional production comes full rights after produced as the City would be co -owners of the content. This means staff would be able to 'snip' shorter sections of the 13 –23-minute video to use in different scenarios depending on the targeted audiences. We also will have full rights to share on social media and in public settings. The videos would be an asset to the Economic Development team as staff work to bring business to Farmington. The docuseries feature would allow a true representation of the city of Farmington from residents to businesses large and small, allowing future businesses to truly see themselves here. Staff are finalizing budgets for fiscal year 2024 and have prioritized the activities needed to bring awareness to Farmington for businesses. Staff recognize Farmington's location to the metro as an asset and by considering participation in "My Town", there is opportunity to also highlight and celebrate the value of the rural commitment in this community. With Cory's expertise, co nnections, and influence, staff see that the goals of creating a marketing video with Cory and The Brookshire Company as a next step in elevating Farmington to be top of mind for business and industry projects. BUDGET IMPACT: $25,000.00 in FY2024 ACTION REQUESTED: No action required. Staff are available to answer any questions regarding the opportunity. Page 22 of 38 ATTACHMENTS: My Town Documentary Series Page 23 of 38 MY TOWN DOCUSERIES Pa g e 2 4 o f 3 8 WHY In the Midwest, we’re experiencing a “rural rebound” with young adults (30-48 years old) choosing and/or considering a move from their urban setting. Yet, many remain uncertain about the rural lifestyle. We Believe in Rural America and it’s our mission to champion rural communities and companies through a clear, positive, and authentic story MY TOWN DOCUSERIES Pa g e 2 5 o f 3 8 WHAT Through the creation of a documentary series, Cory Hepola will travel to different rural commu- nities to fully explore what makes each of them unique. MY TOWN DOCUSERIES Pa g e 2 6 o f 3 8 HOW Reflecting on his own rural upbringing and examining larger work/life/service themes, Cory will meet with community and business leaders from each region to explore the distinctive attributes, initiatives, and relationships that make it a special place. Serving as a rural advocate, Cory will develop pride as he breaks down the popular misconceptions and negative stereotypes that may exist with a rural lifestyle. MY TOWN DOCUSERIES Pa g e 2 7 o f 3 8 BIG IDEA • “My Town” (working title): Season 1 will launch in 2024 on YouTube and Facebook. • Series: each community will have its own episode, connected by larger rural lifestyle themes. • Length: each episode will run between 10-18 minutes (length depends on a variety of circum- stantial factors). • Schedule: new episodes will air in consecutive weeks. • Content: each episode will be supported w/ a video teaser, video recap, and Cory “Influencer” videos & pictures. • Marketing: episodes will be boosted, shared, and Cory will earn free media appearances. MY TOWN DOCUSERIES Pa g e 2 8 o f 3 8 ABOUT CORY HEPOLA • Cory Hepola is an Emmy-Award Winning TV Anchor and Documentarian serving as the Vice President of Communications, Growth & Strategy at The Brookshire Company where he helps communities & businesses around the world reach their fullest potential through high-impact storytelling, strategic connections, and inspiring purposeful partnerships. Pa g e 2 9 o f 3 8 ABOUT “RURAL BY CHOICE” • In 2021, Cory developed, wrote, and hosted the popular docuseries “Rural By Choice,” exploring the beauty of his hometown in rural Otter Tail County, Minnesota. • “Rural By Choice” was selected into the Twin Cities Film Fest and spotlighted in NYC Times Square. • Facebook: 530-thousand views (and counting) • YouTube: 200-thousand views (and counting) Pa g e 3 0 o f 3 8 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Deanna Kuennen, Community Dev Director Department: EDA Subject: Director's Report Meeting: Economic Development Authority - Sep 18 2023 INTRODUCTION: The following highlights recent and ongoing economic development activities. DISCUSSION: August 2023 Summary - focusing on projects, prospects, business visits, meetings, and other initiatives. BUDGET IMPACT: Not applicable ACTION REQUESTED: No action request. This report is for informational purposes only. Staff is available to provide additional details and answer any questions. ATTACHMENTS: 09-2023 meeting Page 31 of 38 Reporting Period: August 2023 DIRECTOR’S REPORT – providing p roject highlights and a summary of economic development activity. Projects • Ebert Apartments o Demolition has start ed. o The RIG Grant in the amount of $250,000 was awarded for the project. This funding will help offset the environmental investigation and remediation associated with the site. Staff is working with legal to prepare additional agreements between the city/ developer related to the grant. o The building plans are being reviewed, the building permit will be issued soon, and construction will commence in September. • Community Vision/ Co mprehensive Plan Update - HKGi o Community Engagement underway  Farmington Vision | Social Pinpoint (mysocialpinpoint.com) o Vision Statement presented to City Council: In the City of Farmington people and neighborhoods are valued, natural resources matter, and businesses and traditions are celebrated. We are bold in pursing opportunities and investments that support quality and sustainable growth, a vibrant and resilient economy, and a complete and connected community. o Draft Guiding Principles and Policies are being reviewed. o City Council will be updated on the next steps associated with land use and infrastructure planning. • Transit/ Transportation Option o Having individual conversations with industrie s during site visits. o Will be scheduling open house/ workshop with industrial businesses for fall/ winter. • Micro Grant o P rogram launched on June 1, 2023 o Additional marketing of program underway o 2 applications awarded, 1 award pending, 2 additional applications “in the works.” Prospects ONGOING • Project LOOP – 25 acres, FDI – no update • Project Wendy – 15 -30 acres, biotechnology manufacturing – no update • Project Tulip – 60-100 acres, biopharma – no update • Project Margarita – 40+ acres, greenfield sites, heavy utility user – site(s) submitted, site visit occurred , a dditiona l conversa tions with site consultants, staff confirmed site is still in consideration. Page 32 of 38 • Project Walleye (Oppidan prospect) – 200+ acres – site visits took pla ce in August (4 MN sites ) a nd follow up phone interview with City Engineer to discuss infrastructure has occurred. • Project Nacho – light industrial project, 200 acres – no update. • Project Synergy – food manufacturing, 20 -40+ acres – no update. • Project Poppy - < 20 acres within specified area for manufacturing project – site(s) submitted. Notified s ite has been short-listed a nd a dditiona l informa tion was provided to site selection team . • Pro je c t “A” – initia lly elimina ted site due to costs to develop land (unpla tted), requested informa tion on a dditiona l sites . Re -evaluating original site and has requested a dditiona l informa tion / conversation. • Pro je c t “T” – has been conducting due diligence on a site and has now requested information on additional sites. PROJECTS THAT HAD NO SUBMISSION/ RESPONSE TO RFIs • None in August Business Visits • Currently developing business visit plan for the remainder of 2023. The strategy includes visiting all businesses in the industrial park as priority #1, then branching out to second stage growth businesses previously identified. • Ruff Manufacturing – August 2nd visit • Installed Building Solutions – September 21st planned visit. • Atlantic Distribution – August 5th meeting Me etings MF HOUSING DEVELOPERS • Hamilton Real Estate • Vis hal Dutt – will be requesting conversa tion with City Council to review proposed development and financial requests. • Alatus BROKERS • ARISE Development • Appro/ Cerron • Noor Companies DEVELOPMENT PARTNERS • Krueger Real Estate Advisors • Cuningham • The Brookshire Company • Bruce Maus • Minnwest Bank • ISG Staff has been connecting developers/ businesses/ partners to assist with potentially moving projects forward. Page 33 of 38 Other • Booth, MN Real Estate Journal – Summer Bags Tournament • Farmington Coffee with Dakota Chamber • CVN Session – September 15th • MMP Planning Team – Minnesota FAM Tour – date TBD (early 2024) • MMP Visit Team – Dallas Market – fall 2023 – • EDA Levy – Public Hearing set for September 5, including a $150,000 EDA Levy request. • 2024 Work Plan refinement • Finalist – “Unexpectedly Bold” Economic Development Marketing campaign o New banners and table skirt in production to be unveiled on September 13th Leaders in Local Government award luncheon. Page 34 of 38 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From:Deanna Kuennen, Community Dev Director Department:EDA Subject:Director's Report Meeting:Economic Development Authority - Sep 18 2023 INTRODUCTION: The following highlights recent and ongoing economic development activities. DISCUSSION: August 2023 Summary - focusing on projects, prospects, business visits, meetings, and other initiatives. BUDGET IMPACT: Not applicable ACTION REQUESTED: No action request. This report is for informational purposes only. Staff is available to provide additional details and answer any questions. ATTACHMENTS: 09-2023 meeting Page 35 of 38 Reporting Period: August 2023 DIRECTOR’S REPORT – providing p roject highlights and a summary of economic development activity. Projects • Ebert Apartments o Demolition has start ed. o The RIG Grant in the amount of $250,000 was awarded for the project. This funding will help offset the environmental investigation and remediation associated with the site. Staff is working with legal to prepare additional agreements between the city/ developer related to the grant. o The building plans are being reviewed, the building permit will be issued soon, and construction will commence in September. • Community Vision/ Co mprehensive Plan Update - HKGi o Community Engagement underway  Farmington Vision | Social Pinpoint (mysocialpinpoint.com) o Vision Statement presented to City Council: In the City of Farmington people and neighborhoods are valued, natural resources matter, and businesses and traditions are celebrated. We are bold in pursing opportunities and investments that support quality and sustainable growth, a vibrant and resilient economy, and a complete and connected community. o Draft Guiding Principles and Policies are being reviewed. o City Council will be updated on the next steps associated with land use and infrastructure planning. • Transit/ Transportation Option o Having individual conversations with industrie s during site visits. o Will be scheduling open house/ workshop with industrial businesses for fall/ winter. • Micro Grant o P rogram launched on June 1, 2023 o Additional marketing of program underway o 2 applications awarded, 1 award pending, 2 additional applications “in the works.” Prospects ONGOING • Project LOOP – 25 acres, FDI – no update • Project Wendy – 15 -30 acres, biotechnology manufacturing – no update • Project Tulip – 60-100 acres, biopharma – no update • Project Margarita – 40+ acres, greenfield sites, heavy utility user – site(s) submitted, site visit occurred , a dditiona l conversa tions with site consultants, staff confirmed site is still in consideration. Page 36 of 38 • Project Walleye (Oppidan prospect) – 200+ acres – site visits took pla ce in August (4 MN sites ) a nd follow up phone interview with City Engineer to discuss infrastructure has occurred. • Project Nacho – light industrial project, 200 acres – no update. • Project Synergy – food manufacturing, 20 -40+ acres – no update. • Project Poppy - < 20 acres within specified area for manufacturing project – site(s) submitted. Notified s ite has been short-listed a nd a dditiona l informa tion was provided to site selection team . • Pro je c t “A” – initia lly elimina ted site due to costs to develop land (unpla tted), requested informa tion on a dditiona l sites . Re -evaluating original site and has requested a dditiona l informa tion / conversation. • Pro je c t “T” – has been conducting due diligence on a site and has now requested information on additional sites. PROJECTS THAT HAD NO SUBMISSION/ RESPONSE TO RFIs • None in August Business Visits • Currently developing business visit plan for the remainder of 2023. The strategy includes visiting all businesses in the industrial park as priority #1, then branching out to second stage growth businesses previously identified. • Ruff Manufacturing – August 2nd visit • Installed Building Solutions – September 21st planned visit. • Atlantic Distribution – August 5th meeting Me etings MF HOUSING DEVELOPERS • Hamilton Real Estate • Vis hal Dutt – will be requesting conversa tion with City Council to review proposed development and financial requests. • Alatus BROKERS • ARISE Development • Appro/ Cerron • Noor Companies DEVELOPMENT PARTNERS • Krueger Real Estate Advisors • Cuningham • The Brookshire Company • Bruce Maus • Minnwest Bank • ISG Staff has been connecting developers/ businesses/ partners to assist with potentially moving projects forward. Page 37 of 38 Other • Booth, MN Real Estate Journal – Summer Bags Tournament • Farmington Coffee with Dakota Chamber • CVN Session – September 15th • MMP Planning Team – Minnesota FAM Tour – date TBD (early 2024) • MMP Visit Team – Dallas Market – fall 2023 – • EDA Levy – Public Hearing set for September 5, including a $150,000 EDA Levy request. • 2024 Work Plan refinement • Finalist – “Unexpectedly Bold” Economic Development Marketing campaign o New banners and table skirt in production to be unveiled on September 13th Leaders in Local Government award luncheon. Page 38 of 38