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HomeMy WebLinkAbout01.25.10 EDA Packet AGENDA ECONOMIC DEVELOPMENT AUTHORITY January 25,2010 - 7:00 p.m. City Council Chambers, City Hall 1. Call Meeting to Order Authoriiy Members 2. Pledge of Allegiance Chair, Christy Jo Fogarty 3. Approve Agenda New Business Vice-Chair, Steve Wilson a. Organizational Matters Terry Donnelly I. Election of Officers II. Adoption of By-Laws Mayor Todd Larson III. Official Newspaper IV. Meeting Schedule Julie May 4. Citizens Comments/Presentations Executive Di rector, Peter Herlofsky City Administrator 5. Consent Agenda (see attached) a. Meeting Minutes: 11/23/09 b. Bills i. November 23 - December 31, 2009 ii. January 1- 22, 2009 c. Budget Details: November 2009 d. School & Conference - EDAM Winter Conference e. School & Conference - Ehlers Public Finance Seminar City Staff Representatives lina Hansmeier Economic Development Specialist Cindy Muller Executive Assistant 6. Public Hearings (None) 7. Continued Business 430 Third Street Farmington, MN 55024 8. New Business a. Strategic Planning & Goal Setting Workshop Outline b. Economic Update Distribution c. EDA Property Update: 305 3rd Street d. Grubb & Ellis Industrial Vacancy Report e. Review Economic Development Division Website (verbal) Phone: 651.280.6800 htto:/ /www.ciJarmington.mn.us 9. City Staff Reports/Open Forum/Discussion a. Economic Update/ Volume 29 b. Downtown Promotion Reporter 10. Adjourn The Farmington EDA'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 worliforce housing and by expanding the tax base through development and redevelopment. J:\HRA-FDA\BOARD AGENDAS\201 (] Board Agcmlas\0125 1 0\012510 cda agcnda, doc 3a.. City of Farmington 430 Third Street Farmington, Minnesota 651.280.6800 . Fax 651.280.6899 www.ci.farmington.mn.us TO: EDA Members FROM: Tina Hansmeier, Economic Development Specialist SUBJECT: Annual Organizational Matters DATE: January 25, 201 0 INTRODUCTION Attached are the proposed 2010 Economic Development Authority (EDA) By-Laws in the same format as the approved 2009 By-laws. DISCUSSION At the regular January EDA meeting, the Authority shall review and provide direction regarding the following: a. Adoption of By-laws A copy of the proposed by-laws are enclosed. If they appear to be acceptable, a motion to approve and adopt the by-laws would be in order. b. Eledion of Oeicers Section 1, subd. 3 of the EDA By-Laws provides that each year, the EDA shall choose a Chairperson and Vice-Chairperson. In the past, the EDA's procedure in this regard typically involved a nomination for Chairperson, a second, and a vote, followed by a similar process for the Vice-Chairperson. c. OHicial Newspaper Section 1, subd. 3 of the EDA By-Laws provides that each year, the EDA shall designate the official newspaper. A motion to designate the Farmington Independent as the official newspaper would be in order because it is the only newspaper within the City's corporate limits. d Meeting Schedule Section 1, subd. 3 of the EDA By-Laws provides that each year, the EDA shall establish a meeting schedule for the year. The City's 201 0 Boards and Commissions calendar is attached. ACTION REQUESTED Please provide action for the above listed items. Respectfully submitted, " 'i ' /~~~ ina Hansmeier, Economic Development Specialist 2010 ECONOMIC DEVELOPMENT AUTHORITY BY-LAWS These By-Laws, when adopted, are intended to deal with matters not otherwise covered by State Law, City Ordinance or elsewhere. Section I - Meetine:s SUBD. 1- Regular meetings of the Economic Development Authority shall be held on the fourth (4th) Monday of each month at 7:00 PM. Any regular meeting falling upon a holiday shall be held on the next following business day at the same time and place. All meetings, including special and adjourned meetings, shall be held in the City Hall unless otherwise designated. SUBD. 2 - Special meetings of the Authority may be called by the Chairperson or in written form by any other two (2) members of the Authority, filed with the Executive Director. The Executive Director may also call a special meeting. At least three (3) days before the meeting, the Executive Director shall notify each member of the time, place and purpose of the meeting by causing written notice thereof to be delivered to himlher personally ifhelshe can be found, or, if he/she cannot be found, byJeaving a copy at the home of the member with some person of suitable age and discretion residing therein. At least three (3) days prior to the meeting, the Executive Director shall also post notice of the meeting and if applicable, notify each person who has filed an applicable written request for notice, or may, if necessary, provide such other more restricted notice, including but not limited to (as allowed by Statute, such as) M.S. 471.705, subd. lC, paragraph g, "if a person receives actual notice ofa meeting of a public body at least 24 hours before the meeting, all notice requirements of this subdivision are satisfied with respect to that person, regardless of the method of receipt of notice." Emergency meetings may be held because of circumstances that, in the judgement of the Authority require immediate attention. The notice of special meeting shall state the item( s) to be discussed and acted upon. Items not stated in the notice may be discussed, but no action may be taken if any member objects. Any special meeting attended by a majority of the Authority members shall be a valid meeting for the transaction of business that may come before the meeting. SUBD. 3 - At the regular Authority meeting in January of each year, the Authority shall (1) designate the official newspaper; (2) establish meeting schedule for the year; and (3) choose a Chairperson and a Vice-Chairperson, who shall perform the duties of the Chairperson during the Chairpersons disability or absence and in case of a vacancy in the office of Chairperson and until a successor has been appointed and qualifies to fulfill the duties of Chairperson. SUBD. 4 - All Authority meetings, as defmed by State Law, including special and adjourned meetings shall be open to the public. The Authority Attorney shall advise the Authority in writing as to his interpretation of the state "Open Meeting Law" and all new members shall be provided such written interpretation. K:\HRA-EDA\BOARD AGENDAS\2010 Board Agendas\0125 10\2010 proposed EDA By-Laws. doc 1 Section II Presidinl! Officer: Rules of Order SUBD. 1- The Chairperson shall preside at all meetings of the Authority. In the absence of the Chairperson, the Vice-Chairperson shall preside. In the absence of both, the Executive Director shall call the meeting to order and shall preside until the Authority members present at the meeting choose one of their numbers to act temporarily as presiding officer. SUBD. 2 - The presiding officer shall preserve order, enforce the rule of procedure herein prescribed, and determine all questions of procedure and order. Except as otherwise provided by statute or by these rules, the proceedings of the Authority shall be conducted in accordance with the following rules of order: A. A Motion must be seconded before being considered by the Authority and the The presiding officer must recognize mover, as well as the seconder. B. Any motion may be withdrawn by its mover with the consent of his /her second. But a motion, once debated, cannot be withdrawn except by a majority vote of the Authority. C. A motion will not be subject to debate until it has been stated by the presiding officer and he/she has opened it to debate. D. Each member, while speaking, shall confine himself/herselfto the question at hand and avoid all personal, indecorous or sarcastic language. E. Whenever any member of the Authority desires to speak on any question, which affects him/her personally, helshe shall fIrst vacate his/her chair and shall not resume his/her seat until the matter under consideration has been acted upon. He/she shall be allowed to make comments on the question as a private citizen only and while a member of the audience. F. Whenever public hearings are held, the presiding officer, shall allow any member of the public, the privilege of speaking. A reasonable time shall be allowed to anyone as long as they are not repeating points already made. The presiding officer shall maintain order and may rule anyone out of order. G. At any meeting, the presiding officer will allow the public to participate as long as there is reason to believe the input is benefIcial. SUBD. 3 - Any member may appeal to the Authority from a ruling of the presiding officer. If the appeal is seconded, the appealing member may speak fIrst on the reason for his/her appeal. General discussion can then take place on the appeal before a vote. The appeal shall be sustained if it is approved by a majority of the members present. K:\HRA-EDA\BOARD AGENDAS\2010 Board Agendas\O 125 10\20 10 proposed EDA By-Laws. doc 2 Section III - Ae:endas SUBD. I - The agenda shall be prepared by the EDA Executive Director and shall be closed at noon on the Wednesday preceding the meeting for publication purposes. SUBD. 2 - Any member may place an item on the agenda by so instructing the Executive Director. SUBD. 3 - No item shall be placed on the agenda unless the item is expressed in such a way as to clearly show the subject matter involved SUBD. 4 - The agenda add-ons are subject to approval by a majority vote of the members present and further such add-on items may be discussed, but no action may be taken if any member objects. Section IV - Order of Business SUBD. I - Each meeting of the Authority shall convene at the time and place appointed therefore. Authority business shall be conducted in the following order: I) Call to Order 2) Pledge of Allegiance 3) Approve Agenda 4) Approve Consent Agenda a. Bills b. Minutes c. Additional Consent Agenda items 5) Public Hearings 6) Continued Business 7) New Business 8) Executive Director's Report 9) Adjourn SUBD. 2 - The order of business may be varied by the presiding officer, except that all public hearings shall be held at the time specified in the notice of hearing. Section V - Minutes SUBD. I - Minutes of each Authority meeting shall be kept by the Executive Director or, in his/her absence, his/her designee. In the absence of both, the presiding officer shall appoint a secretary pro tem. Resolutions need not be recorded in full in the minutes if they appear in other permanent records of the Executive Director and can be accurately identified from the description given in the minutes. SUBD. 2 - Minutes of each meeting shall be reduced to typewritten form, shall be signed by the taker, and copies thereof shall be delivered to each Authority member as soon as practicable after the meeting. At the next regular Authority meeting following such delivery, approval of the minutes shall be considered by the Authority. The minutes need not be read aloud, but the presiding officer shall call for any additions or corrections. If there is an objection, the Authority shall vote upon the addition or correction. If there are no additions or corrections, the minutes shall stand approved by motion. If K:\HRA-EDA\BOARD AGENDAS\2010 Board Agendas\O 125 10\20 10 proposed EDA By-Laws. doc 3 there is an objection, the Authority shall vote upon the addition or correction and approve the minutes by motion as amended. Section VI - Quorum and V otine: SUBD. 1 - At all meetings a majority of all members shall constitute a quorum for the transaction of business. SUBD. 2 - The votes of members on any question pending before the EDA shall be by voice votes. Roll call vote can be requested by any member, except for the following agenda items; approval of the agenda; approval of the consent agenda; and the adjournment. The names of those voting for and against the question shall be recorded in the minutes. If any member present does not vote, the minutes shall state: "Abstain: Name". SUBD. 3 - Except as otherwise provided by statute, a majority vote of the quorum shall prevail. Section VII - Executive Director The Authority may appoint and provide for annual performance reviews of an Executive Director. Section VIll- SusDension or Amendment of the Bv-Laws SUBD. 1- These by-laws may be temporarily suspended by a unanimous vote of the members present. SUBD. 2 - These by-laws shall not be repealed or amended except by a majority vote of the whole Authority after notice has been given at some preceding meeting. Section IX - Effective Date SUBD. 1- These by-laws have been adopted by the on the day of immediately. .20 and becomes effective Attest: EDA Executive Director EDA Chairperson Date: Date: K:\HRA-EDA\BOARD AGENDAS\2010 Board Agendas\01251O\2010 proposed EDA By-Laws. doc 4 , . JANUARY 2010 S M T W T ~.. S \92 3.56789 10 @.11 .~ 14 i@16 17.*20 21 2223 24 ~ 26 27 28 2'9. 30 31 FEBRUARY 2010 S t T W T F S 2 3 456 7 8~11 h~l13 14 **17 18 1920 21 ~@24 25 Z627 28 JULY 2010 S U T W T F S 1003 41'*78910 11 +~ 15 il~ 17 18 20 21 22 23 24 25 ~ 27 28 29 3.li. 31 AUGUST 2010 S ! T W T F S 1 3 4 5 6 7 8 9 +~12 ~~] 14 15 . 17 18 19 20 21 22 ~ e 25 26 ~Z 28 29 30 31 MARCH 2010 S !T W T F S 23456 7 8 +~ 11 32 13 14 . 16 17 18 19 20 21 ~23 24252-':627 28 29 30 31 SEPTEMBER 2010 S U T W T F S 1 234 5 I).~ 9 121 11 12 ~14~16 17 18 19 . 21 22 23 21 25 26 gzj 28 29 30 APRIL 2010 S M T W T F S 123 4 ! 6 7 8 [9] 10 11 ~ ~ 15 16 17 18 20 21 22 23 24 25~@28 2930 OCTOBER 2010 S U T W T F S 1 2 31567[819 10 11 +~14 15 16 17 19 20 21 2'2 23 24~e27 282930 31 NOVEMBER 2010 S Jl T W T F S .2,34[5]6 1: i~~' L~~ ~~ 21 ~ 2324..27 28 29 30 MAY 2010 S M T W T F S , 1 : 1.~1~ ~~'1~ 16 . 18 19 20 [gl 22 23 ~ 25 26 27 28 29 30. JUNE 2010 S M T W T F S 123(415 6 *+~10 11 12 13 ~15 16 170E[ 19 20 *@23 242526 27 [gj 29 30 DECEMBER 2010 S U T W T F S 12m14 517 ~ 9 10 11 12 13 + 15 16. nZi 18 19 21 22 tl.... .25 2612Z128 29 3Q @) www.ci.farmington.mn.U8 2010 PHONE NUMBERS . CITY HOLIDAYS + PLANNING COMMISSION . COUNCIL MEETINGS . PAYDAYS D WATER BOARD &. EDA <> PARK &. REC. COMMISSION o RRC ADVISORY BOARD . HPC MEETINGS -#' Bonestroo 651- 836-4600 FAX 651-636-1311 www.boneetroo.com K:\141\141GEN\Cad\141caL.2010.dwg 11/3/2009 7:06:46 A., CST 5CL MINUTES ECONOMIC DEVELOPMENT AUTHORITY Regular Meeting November 23, 2009 1. CALL TO ORDER The meeting was called to order by Chair Fogarty at 7:00 p.m. Members Present: Fogarty, Larson, May, Wilson Members Absent: Donnelly Also Present: Peter Herlofsky, City Administrator; Tina Hansmeier, Economic Development Specialist; Lee Smick, City Planner 2. PLEDGE OF ALLEGIANCE 3. APPROVEAGENDA MOTION by Larson, second by Wilson to approve the Agenda. APIF, MOTION CARRIED. 4. CITIZEN COMMENTSIPRESENTATIONS 5. CONSENT AGENDA MOTION by Larson, second by Wilson to approve the Consent Agenda as follows: a) Meeting Minutes October 26,2009 b) Bills October 19 - November 19,2009 c) Budget Details October 2009 d) Industrial Park Project Budget e) McVicker Lot Reservation Form, FDBA f) Farmers' Market 2009/2010 APIF, MOTION CARRIED. 6. PUBLIC HEARINGS 7. CONTINUED BUSINESS a) Industrial Park Project Strategy The EDA had directed staff to move forward with the wetland delineation. Economic Development Specialist Hansmeier explained that the delineation could be done now, however we would have to revisit the delineation in the spring to confirm the boundaries. The report does expire three years after it is done. After meeting with the consultants, it was determined staff could fill in the pieces such as wetland delineation, appraisals, agreements, etc, and identify the timing it would take to accomplish each of these items. Once the market begins to change, then staff would know where to start. The plan would involve all the items needed to open up that area for development. Not knowing when the market will EDA Minutes (Regular) (November 23, 2009) Page 2 turn, staff recommended not spending any additional money at this time. The EDA could focus on filling vacant spaces. There are a couple buildings vacant and a couple lots for industrial development. Staff would also focus on business retention, targeting the industrial businesses. Member Wilson asked why new development and business retention have to be exclusive. Staff explained they would focus on filling vacancies and meeting with industrial businesses now. The long term vision would be wrapping up additional tasks so when the market turns, we are ready. City Administrator Herlofsky suggested postponing the delineation until next spring when it would be more financially appropriate. The other issue is the amount of time it takes for retention meetings. Staff had 75 business retention meetings last year. City Planner Smick explained we are slowing down on the industrial park because there are a lot of vacancies in Eagan which has good access to the airport and the interstate. People are leaving the Eagan area and there is a lot of open space, enough for two to three years. Mr. Bruce Maus, consultant, is in the process of putting together a report to show what the general industrial vacancy is from Farmington and going north covering Rosemount, Apple Valley, Eagan. There have been a lot of vacancies. The report is being done to show how this would affect the timing for the industrial park expansion. Mr. Maus felt it would be better to focus on retention and the space already available in Farmington. Member Wilson noted there have been a series of conflicts over the last couple months. A couple months ago they thought the timing was good to proceed. At the last meeting we were on the verge of approving a wetland delineation and now, which is the proper discussion, we are talking about analyzing where the market is relative to other industrial park areas. He felt he was getting different messages in the wrong order. He said 6-12 months ago they needed to be cautious with the market. Getting conflicting information is making it difficult to make a decision. Mr. Maus stated the economy fell the first quarter and they were getting a handle on the information this summer. The capital markets have not freed up so small companies can obtain financing for facilities. If they are looking to grow, they are looking to lease space rather than build. Larger companies that have money available also want to lease for 2-3 years because the economy is uncertain and then build. There are very few people that want to build and most want to lease. The underwriting criteria has gone from 75% to 60% loan to value. That is compounded by the appraisal community and the changes that have occurred in the last six months. Appraisers are tending to be more conservative. Member May agreed that banks have a lot of pressure to not do commercial real estate lending. She was not sure this all happened in the last six months and wondered if we spent $25,000 needlessly. There was a lot more discussion about needing to be ready. Mr. Maus stated he spoke about being ready because companies will only locate in communities where they have sites ready to go. That is still true, but as budget resources might be limited, how fast do you move EDA Minutes (Regular) (November 23,2009) Page 3 on that in these circumstances. We still need to be ready some day, but do we slow it down because of the slow down in the community. None of the work was wasted. There isn't a shelf life to the planning that has happened. Member May stated there could be landowners that are willing to move forward and pay for the development. At the last meeting the EDA discussed how willing the land owners are to move forward. At least one is not willing, but perhaps others are. Mr. Maus stated the City will grow according to the comprehensive plan. He was asked how the schedule would be affected in terms of the economy over the last 12 months. They looked at vacancies, how fast that is moving, and how it will affect Farmington. Member Larson agreed with Members May and Wilson and was glad we caught this now before putting in streets. He asked staff when they go to existing industrial owners what kind of information are they looking for. Economic Development Specialist Hansmeier replied she has approached it as an outreach that City staff is available for anything they need. They talk about how business is doing and if they have plans to expand, what brought them to town, businesses that might compliment their business if they were to relocate close to them. Member Larson asked if expanding the industrial park has been discussed with them. Staff replied it has been, but the majority of the visits happened last year. As far as the visits in the industrial park, there were two that would need more space. They were unsure if they were able to build a building on their own. Member Larson asked if there were lots available now that would fit their needs. Staff replied not that would fit their needs. They were looking for more building space, but not to build their own building so they do not need a lot. Member Larson stated we were going to go ahead with the report and building streets, then we stopped, then started again, and now are we comfortable with slowing down. Chair Fogarty stated the reason Mr. Maus and Mr. Mann are here is because staff expressed concerns to her about the EDA' s desire to move ahead. Staff is following our direction. One problem is we are in an environment where the community is pushing Council and the EDA very hard for economic development. The reality of economic development may not be the same as what the community thinks it is. We are in a market where there is not a lot we can do. lt is possible we need to do exactly what staff is talking about. We need to make sure we are ready, zoned properly, plans in place and that we are reaching out to our current businesses. They are our best source of more business to come to town. She felt the EDA was very quick to dismiss that work as not being economic development and she felt it is. Member Wilson disagreed. He indicated a couple months ago that he wanted to make sure we did not shelf this. He did not give direction that not putting it on the shelf meant to do wetland delineation. There is a major difference between not shelving it and having a tickler plan. If residents do not understand why a certain business is not here, he can defend that by saying right now we are in a tough environment. In order for industrial business to be here, it will take more EDA Minutes (Regular) (November 23, 2009) Page 4 investment from the taxpayers to make that come now. He felt the EDA has gotten very inconsistent direction on this item. Member May stated a big part of this job is sales. She asked if we were going to focus on current business or still try to sell the new industrial park. Chair Fogarty felt that is where we need to do a strategic plan. The EDA has been very focused and driven on what economic development means. The board has never defined what they want. Member May felt staff saw the EDA's role as team work, whereas she was looking more for direction from staff and consultants than the EDA giving direction. The EDA is here to look at options. She wanted staff to give the EDA options to review. The way Chair Fogarty described it, it is flip flopped. Member May did not know how she was supposed to give the layout of how staff is supposed to do their job. Chair Fogarty replied she was thinking in a strategic planning session staff giving the EDA different options that they should or could be pursuing. It has been very patch worked so far in finding a way to bring it into a comprehensive plan. She did not feel the EDA has a solid direction. City Administrator Herlofsky stated staff has been trying to determine if they were doing the best thing with wetland delineation. Staff was suggesting to revisit it in three or four months. Mr. Lee Mann, consultant, stated it can be done now or later. Ifwe do it now, it will have to be revisited. City Administrator Herlofsky stated we do not have willing sellers. He suggested taking time at a meeting to determine where the EDA is going. We have the fourth group of people within the last three years dealing with development. Staff is trying to determine what they can do to make the EDA happy and also have some performance measurements. Chair Fogarty stated some of the frustration is Member Donnelly brought up there may not be willing sellers. She was completely unaware that there was anyone who was an unwilling seller. She was under the impression there were people who were more interested and less interested, but everyone was on board. That is an example of the frustration the EDA is having because then it is difficult to make decisions with information that is incomplete. City Administrator Herlofsky stated the environment has changed. Staff tries to do what is reasonable, and then it changes. If staff did not share that, we would not be doing our jobs. Member Wilson responded if the EDA has not done one thing, it is to reinforce what has been explicit, clear direction. We have City Planner Smick and her team that has put together a solid Economic Development Chapter in the Comprehensive Plan. He was all for planning, but had very little confidence anything will be different because we have already given direction and we need staffto respond back and challenge the EDA that here is where we are at. He felt the EDA has been explicit with giving direction over the last three years. We need some staff reaction and continuity. City Administrator Herlofsky stated staff is trying to get clarification. If the economy slows down, and we are doing something, we want to make sure what we are doing is still the EDA's objective. EDA Minutes (Regular) (November 23,2009) Page 5 If 60 visits to businesses will be our objective, we want the EDA to see that as a continuation of the overall plan, but a change in performance measurements the EDA would consider appropriate. Over the last couple years we have had CVS, Fairview Clinic and offices come into the community. Staff did nothing special to bring them in other than having the area zoned, worked with them when they came in and set it up. Member Wilson stated the dialogue at this meeting versus the last meeting where we were on the verge of approving a wetland delineation and then now we learn there is a shelf life, and the economy in the south metro has a lot of vacancies. As a decision maker that information could not have been that different two months ago, which would have influenced decisions made in October. That is not a strategic planning item, that is understanding where you are in the process and offering the correct guidance at the right time. We were about ready to make a decision that has a shelf life. City Administrator Herlofsky stated the issue of having the area shovel ready had some real significance with this board. The EDA's intention was to move as quickly as possible. When staff had reservations that is when we called the consultant and asked if we were doing the right thing. The information shared tonight is what staff learned. Even Lakeville still has a lot of room for expansion. With limited funds available, staff wanted to determine if this was the right time. He noted the market study is from 2007 and wondered if we need to revisit some of these items to see if we are still working off the right information to come up with the right answers. Member Wilson stated following the discussion at the last meeting is what prompted the call to the consultants, but we could have had wetland delineation started having called the consultants one month too late. Chair Fogarty stated the reason it was brought to the EDA in October was because the board directed staff to do the next steps to help industrial development. She did not disagree there was a step that was missed, but felt it was unfair for the board to not take responsibility for putting us in that direction. Member May stated as far as CVS and Fairview, what came to her mind was low hanging fruit. It is tough to be a banker now and we are all after that low hanging fruit. The ones that will survive will figure out a way to make those connections and relationships so we are ready to pull the plug on a study and be two steps ahead of the competition. As an EDA member she is looking for some ideas and brainstorming of how we can keep ourselves out there, whether it is having the land ready, or right now it is more about relationships. How can we make sure we are in front of this information so we are ready to pull the plug? That is what is lacking from the EDA, but we need to keep throwing things out there. The site visits are a great idea, but that is low hanging fruit. That should be part of your job no matter what. We do not want to lose something we have, but how do we set ourselves apart without having the land ready. It is hard to figure out how to generate business so when we do get asked, then we have these things we are developing, or getting involved with this organization, or that trade group, etc. That is what we need to be working on. City Administrator Herlofsky agreed, but the issue is how do we differentiate that. That is going back to taking time to make those visits. Our best spokesman for the community is not staff saying we EDA Minutes (Regular) (November 23,2009) Page 6 are the best place, it is making good relationships with the businesses, so the business owners say the best place they have been is Farmington. They visit us once every other year, ask how things are going. I had a problem and they took care of it. Those are long term objectives. Member May agreed, but we do not want to be in a bubble so we need to make sure we are feeling the pulse of what is going on around us. She has not gotten the feeling we have been doing that. City Administrator Herlofsky stated the next thing they wanted to bring up was how do we update our staff based on the current economic conditions and still make sure we are getting information. Staff has discussed having someone come in a couple hours a month and ask about the current situation. We can use periodicals, we can contract with a firm, something to provide that extra comfort level. Member May felt staff could obtain that information and summarize it for the EDA rather than sending the whole report. She would like to get information from staff on specific industrial growth. City Administrator Herlofsky stated staff will put wetland delineation on a tickler for next spring for further discussion. City Planner Smick wanted to discuss the planning of the industrial park. She asked Mr. Mann to discuss what he sees as the package for the industrial park, such as wetlands, soil borings, what needs to be done in the future. Mr. Mann stated what would be helpful to the EDA in making decisions is to identify the critical path and the tasks to get the area ready for development. He would like to identify the timeframe for the wetland delineation, the soil borings, the appraisals, the land acquisition, the plans and specs, etc. From that point, take a stab at a date when the industrial park will have interested people. Then we have a critical path and a time frame that is known. If it is in three years, then we can determine when to start. The EDA could look at it periodically and if the economic indicators change, then move up the start date to hit the goal date. Then you have a timeframe for when the market need will be there for the industrial park. That is what staff was talking about with the critical tasks. Chair Fogarty felt that is precisely what the EDA is looking for and what they wanted staff to bring to them. Something they can approve or disapprove. Member Larson agreed that cleared it up. Member May wanted to be careful we are not sitting back and waiting for the phone to ring. We have more difficult work to do. Mr. Maus stated he is a strong advocate for being shovel ready. He did not get a sense there was a change in direction when staff called. Things have changed in the economy and staff wanted to make sure it was the right time to spend. Member Wilson asked for an estimate of the cost to have Mr. Maus and Mr. Mann do consulting for the City. City Administrator Herlofsky would have to work that out with them. Member Wilson felt it would eliminate the need for the EDA to have a "solve the world session" for a third year. He would rather have expertise from the street and work with it, be updated, and offer advice. He felt the Economic Development staff needs to be all over the local relationship management circles and be communicating with the consultants and then information can be periodically provided in a dialogue to the EDA that would impact positively or negatively the direction that has been laid out. EDA Minutes (Regular) (November 23,2009) Page 7 Member Wilson would like to have City Administrator Herlofsky negotiate with Mr. Maus and Mr. Mann on options for consulting. Chair Fogarty agreed their information has been helpful. Member May preferred to have this discussion as an Executive Session with just EDA members if we are talking about direction and consultants. She felt it encompasses more than that. City Administrator Herlofsky will check with the City Attorney, but he was not sure there is sufficient reason for a closed session. Chair Fogarty felt there had to at least be an attorney present. Short of labor negotiations and litigation issues, there is not much we can close a meeting for. Member May felt you cannot talk about staffing issues either way. Either you bring it up and you get chastised or we say let's sit down and talk with the City Administrator about it, and now we cannot do that either. She brought it up because they talked about an Economic Development Director and if we are going to talk about hiring consultants, she would like to have a discussion about hiring a director. Member Wilson stated we did direct that type of discussion back to the EDA. Chair Fogarty felt that item should be in a workshop. Chair Fogarty stated the direction to staffis to come up with a work plan without a date, that can be implemented and work on a date that is optimistic. b) AK Performance Graphics Update Staff received a letter from the developer's banker indicating where they are in the process. The owner is waiting for bids to compile the final construction costs and then forward them to the banker. Once the bids are received, the bank board will review them and make a final determination. All bids should be received this week and the board meets every Wednesday. Chair Fogarty asked if the bank feels this will be approved. Staff replied it looks promising. Member May asked if there was any more feedback from Pellicci' s or anything on the procedure. Staff has not heard any more information. 8. NEW BUSINESS a) 2010 CnBG Application and Reprogramming of Unspent Funds Each year the City has the opportunity to apply for CDBG funding. This year the City received 10% more than last year which is $47,213. Staff recommends allocating 50% of the funding to residential rehabilitation, 50% to park improvement for the Fairhills Park and reprogram $15,000 of unspent funds for a Historic Preservation Rebate program, and modify the existing CDBG funded Business Reinvestment Loan Program from a 2: 1 match to a 1: 1 match. Chair Fogarty asked about the low to moderate income areas on the map they were given. Staff explained those are low to moderate income census blocks determined with the 2000 census. The families within those areas are low to moderate income from the information in the census. Chair Fogarty did not agree that the areas shown are low to moderate income. City Administrator Herlofsky explained that is why they will be promoting everyone participate in the 2010 EDA Minutes (Regular) (November 23,2009) Page 8 census to make sure the information is accurate. Economic Development Specialist Hansmeier explained that park improvements can be done in areas that draw from low to moderate income users. The data they look at is drawn from the census block. Chair Fogarty asked why FairhiIls Park was chosen over Rambling River Park, because something that was taken out of the budget was to redo the tennis courts at Rambling River Park. Staff explained Rambling River Park draws residents from outside the general area. FairhiIls Park draws from the neighborhood. A discussion followed about CDBG funding. Over the last few years there has been greater emphasis on CDA money and using it in the community. Member May asked if the Historic Preservation Rebate program was specific to downtown. Staff replied it would pertain to downtown because of the older buildings. Member May asked ifthere were other programs to choose from as she did not want to forget about businesses on the north side. Chair Fogatty felt the downtown could more readily use CDBG funds. City Administrator Herlofsky explained the purpose of the CDA is to help areas that need help. Economic Development Specialist Hansmeier explained there are other categories of uses. One could be to help offset assessments for major road projects for low to moderate income people. Staff did not include this because the City had tried this a long time ago and you run the risk of running out of funding to help all assessment projects. Member May asked if the LakeviIle Farmer's Market is run by the Downtown Business Association. Staff stated it is a branch of the St. Paul Farmer's Market. Farmington's is City run such as Eagan's. Member May stated it is a good spot, but if this is a cost to the taxpayer, should there be one once a month on the north side? City Administrator Herlofsky stated the best thing was it brought the community together. Next year if all goes well, we might break even. Member May stated part of it was to attract people downtown and there are businesses on the other side of town as well. If we are using taxpayer dollars should we also try to bring people together in other areas of the City? City Administrator Herlofsky stated this is what he would like them to discuss in strategic planning. Based on the comprehensive plan, the Farmer's Market is the number one priority. That is why we need to clearly state our objectives and then specific tasks the EDA will honor. Member May was asking if the Farmer's Market is something the City should run, or if it is downtown should it be run by the Downtown Business Association. Chair Fogarty agreed the goal is to get it to not cost anything. The role of the EDA is to spur economic development and if people come to the Farmer's Market and two years from now they put a business in Farmington, was that a good investment in the community. Member Wilson would like to know if the businesses were able to quantify their net sales when the market was open versus last year. Knowing that number could help them advertise in different ways to help remove our cost of advertising. EDA Minutes (Regular) (November 23,2009) Page 9 Staff did do a survey and it was difficult to get the businesses to respond to a survey. Staff felt the Farmer's Market was successful for the first year. Member May suggesting asking about their net sales at a Downtown Business Association meeting. MOTION by Wilson, second by Larson to approve the CDBG funding. APIF, MOTION CARRIED. b) Strategic Planning Economic Development Specialist Hansmeier distributed a list of activities performed by Economic Development and Planning staff over the last few years that fall within the top priorities of the EDA. City Administrator Herlofsky asked if they want staff to obtain a consultant to assist the EDA in formulating a strategic plan. He asked if there was anything in the Economic Development portion of the Comprehensive Plan that the EDA would like changed. If so, they need to talk about it. Chair Fogarty stated she was here when this was created and this is what staff was working from. There is new leadership and this EDA needs to have their own vision. This was from a past Council. She wanted to incorporate new ideas and have a solid voice. She did not feel they needed to bring someone in to run the meeting. They sometimes want to follow their agenda, and she wanted the EDA to follow their own agenda. She felt that she could meet with City Administrator Herlofsky to come up with an agenda and handle the meeting themselves. City Administrator Herlofsky stated the objective of the Comprehensive Plan was to review it every couple years and see if we are still consistent. Chair Fogarty suggested pulling the Economic Development portion from the Comprehensive Plan and noting to see strategic plan. Members agreed to hold a strategic planning session in January. It should be placed on the agenda for next month to set a date in January. 9. CITY STAFF REPORTS a) Economic Update, Volume 28 Dazzle Days will be held December 5, 2009 with a variety of events and specials at stores. The tree lighting will be at 5:30 p.m. b) Downtown Promotion Report, Nov 2009 The subscription is up for renewal this year. Information can also be obtained from their website. c) 2009 New Businesses There are 15 new businesses this year. Chair Fogarty asked how many more businesses are in Farmington in the last five years. Staff stated there are a handful that are no longer here. City Administrator Herlofsky asked if the EDA wanted to EDA Minutes (Regular) (November 23,2009) Page 10 know if it is a new business that is new to the community, a new business that moved into a new spot, or a new business that moved into an old spot. Chair Fogarty wanted a net number of increases in businesses; how many more businesses do we have this year than last year. If we lost one and we gained one, then we do not have more businesses. Expansions would also be nice to know. d) Request to Dakota Electric for Partners in Progress Grant Each year Dakota Electric contacts staff to determine a project for the grant. It has funded the Business Outreach brochure, Economic Update, and the Farmer's Market. This is the last year for the program. The City receives $5,000 from the grant. Member Wilson felt the entire amount should go to the Farmer's Market and partner with Dakota Electric for the event. Their logo was on the advertising this year as half the money did go to the Farmer's Market. Next year, staff was hoping to host a Business Appreciation Event to let the existing businesses know how much we appreciate them and how important they are to Farmington. Chair Fogarty felt staff should determine where the money would be most appealing. e) Preview ofwww.metromsp.ore:, www.e:ofishcommercial.com, and www.mnnro.com Staff reviewed the information placed on these websites. 1) December Meeting Date Historically the EDA has cancelled the December meeting due to the holidays. If something needs approval, the meeting will be held. Staff provided a list of commercial/industrial inquiries. Member May asked about the status of contacting some realtors for all City owned property. Staffhas done so and they have recommended not doing an RFP and just ask for a listing proposal. A letter needs to be developed to send to all realtors in the area and ask them for a listing proposal. Member May asked how staff will chose which realtors to ask. She suggested picking one from each realty firm. City Administrator Herlofsky stated ideally it would be a realtor who has an office in Farmington. He explained that since early in the year, employees have not been allowed to work over 40 hours a week. So when staff is here or goes to Downtown Business meetings, she then has to cut 2-4 hours out of the week. Some things are not getting done because the person does not have 40 hours per week with meetings. 10. ADJOURN MOTION by Wilson, second by Larson to adjourn. APIF, MOTION CARRIED. Respectfully submitted, ~ -rvJ~ ynthia Muller Executive Assistant 56/ N It) cii It) ~ o ~ o ~ ~ . 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I ~ Ill! ~ III' :-g {$ !L&.----l I I i ~ II Ii ''is sd City of Farmington 430 Third Street Farmington,. Minnesota 651.280.6800 . Fax 651.280.6899 www.ci.farmington.mn.us TO: EDA Members FROM: Tina Hansmeier, Economic Development Specialist SUBJECT: Economic Development Association of Minnesota's Winter Conference DATE: January 25, 2010 INTRODUCTION Tina Hansmeier will be attending the Economic Development Association of Minnesota's 2010 Winter Conference on January 21 and 22, 2010 in Minnetonka, Minnesota. DISCUSSION This annual conference provides an opportunity for staff to keep up-to-date on a variety of issues in the economic development arena. In addition to general sessions, the conference offers multiple topic tracks with six break-out sessions to choose from in following categories: Innovation, Economic Development Tools and Case Studies. The educational sessions include topics such as nanotechnology's economic impacts, redevelopment, and the role of bioscience in Minnesota's economy, wind energy and the practical and effective use of social media tools. The conference will be held at the Minneapolis Marriott Southwest and attracts economic development professionals from all over Minnesota. BUDGET IMPACT The cost for this conference is $220. This amount is provided for in the 2010 EDA budget. ACTION REQUESTED For information only. - Respectfully submitted, ~~ut5'm~ Tina Hansmeier Economic Development Specialist 5~ City of Farmington 430 Third Street Farmington, Minnesota 651.280.6800 . Fax 651.280.6899 www.ci.farmington.mn.us TO: EDA Members FROM: Tina Hansmeier, Economic Development Specialist SUBJECT: Ehlers & Associates 2010 Public Finance Seminar DATE: January 25,2010 INTRODUCTION Ehlers & Associates 2010 Public Finance Seminar will take place on February 4 - 5 at the Northland Inn in Brooklyn Park. DISCUSSION This annual seminar provides training on a variety of financing and economic development topics from a variety of professionals. The seminar includes sessions on property tax, TIF & tax abatement, marketing your community, retail/office/industrial market updates and more. The seminar also includes updates from the State Economist and League of MN Cities. This conference is intended for state and local public officials and staff, developers, public and private attorneys and others who want to develop a greater understanding of public finance. Ehlers acts as a financial consultant to the City of Farmington for bond issuance and housing, economic development and redevelopment projects. BUDGET IMPACT The cost of the two-day seminar is $245. This amount is provided for in the 2010 EDA budget. ACTION REQUESTED Approve Tina Hansmeier's attendance at the 2010 Ehlers Pubic Finance Seminar. ;t(;~?l~~ Tina Hansmeier Economic Development Specialist ?G.- City of Farmington 430 Third Street Farmington, Minnesota 651.280.6800 . Fax 651.280.6899 www.cLfarmington.mn.us TO: EDA Members FROM: Tina Hansmeier, Economic Development Specialist SUBJECT: Strategic Planning and Goal Setting Workshop Outline DATE: January 25, 2010 INTRODUCTION The EDA has set a Strategic Planning Workshop for March 22,2010. DISCUSSION For EDA's review prior to the workshop, attached are the following items: - Economic Development Portion of2030 Comprehensive Plan - 2009 Strategic Planning Packet (note page 12, #3) At this EDA meeting and the February EDA meeting, staff would like input from the EDA members as to what you would like to see on the agenda for the workshop. ACTION REQUESTED Provide agenda items for EDA Strategic Planning Workshop. Tina Hansmeier Economic Development Specialist Farmington 2030 Comprehensive Plan- 2008 Update CHAPTER 9 ECONONUCDEVELOPMENTELEMENT For the past decade, the City of Farmington has been experiencing a period of substantial residential growth. Growth in the residential sector has created a need for increased activity in the commercial and industrial aspects of development in order to achieve a more balanced community. Recognizing the value of developing strategies to create this balance, the City's Economic Development Authority (EDA) has undergone a strategic planning and visioning process. Over the course of several months, the EDA, City staff and community members met to discuss future economic growth and to identify the areas of emphasis that would most benefit the City as a whole. The economic development priorities identified will become the basis for creation of strategies and action plans to proactively work toward the overall goal of more balanced commercial and industrial growth. Three primary areas of focus were identified and prioritized; they are as follows: I. Downtown Development and Redevelopment 2. Industrial Development 3. Commercial Development Outside of the Downtown Area Several other areas were identified that will be pursued but not emphasized as priorities: I. Redevelopment of blighted properties and a continued focus on improving the aesthetics of aging properties. 2. Focus on the Vermillion River. The Vermillion River is recognized as an underutilized asset of the community. New restrictions on building near the river have created challenges that require the City to scale back expectations and resources for economic development efforts. There are however, areas of continued interest in economic development applications: . Expand Third Street plan to Vermillion River . Tie river theme into downtown streetscape plan . Pedestrian and bike trails linked to picnic areas . Encourage events that tie downtown to the river 3. Provide Linkage between the Second Street entrance into Dakota Village and Downtown's Third Street Business District. 4. Tourism development. 149 Economic Development Element Farmington 2030 Comprehensive Plan- 2008 Update GOALS AND POLICIES Policies The following goals and strategies will be the top priorities with regard to concentration of time, energy and resources. With priorities established, activities can be structured to support the overall economic development vision of more balanced commercial and industrial growth. Policv 1: Downtown Development and Redevelopment The boundary of the downtown area has been discussed many times and remains a point of confusion. A clear delineation of downtown is an essential first step in defining and planning the next steps of development including promotion of infill development and the expansion of the commercial core. It is the desire of the City to have standards in place to coincide with the development and redevelopment of downtown. Strategies to achieve the policy: a) Establish a Clear Downtown Boundary Action Steps: I. Perform a SWOT analysis of existing and potential communication links within the community. Implementation a. Staff will identify potential stakeholders and resources that may be helpful in disseminating information and recruiting involvement in the process of delineating a clear boundary for the downtown. 2. Design and Implement a Public Information Campaign Implementation a. Staff will develop promotional materials to be distributed to members of the City Council and Commissions, the School District, the Chambers of Commerce and residents. b. A survey will be distributed to residents to obtain feedback. c. Joint meetings will be held with the City Council and the Planning Commission, Economic Development Authority and Historic Preservation Commission. d. Public meetings for residents will be organized to facilitate discussion regarding the delineation of downtown. e. The data obtained from the aforementioned meetings will be reviewed and a boundary for downtown will be created. f. A map showing the resulting boundary will be created and upon EDA approval, will be disseminated to the community. 150 Economic Development Element Farmington 2030 Comprehensive Plan- 2008 Update b) Design Standards Action steps: 1. Identification of the primary group to lead the creation of design standards will need to take place. Implementation a. Staff will meet with the members of the Planning Commission and Historic Preservation Commission to determine which group will lead the process of creating design standards for the downtown. b. Develop preliminary design standards. The following elements will be addressed: . Types of materials . Bulk requirements . Height . Signs . Streetscape . Landscaping . Green Space . Lighting . Image . Complimentary architectural elements . Walk-able and pedestrian oriented c. Review preliminary design standards with the public and receive input. d. Develop final draft and adopt supporting ordinance. e. Make design standards public and promote. c) Promote Infill Development Action Steps 1. Downtown Outreach Program Implementation The program would include business visits by City staff members or small committee which might include: City Staff, a City Council Member, an EDA Member and/or Administration. An important aspect of the program will be follow-up on concerns or questions raised at business visits and creation of a database to compile visit information and results. 2. Promotion of infill in the downtown area that includes business activities that are complimentary to the unique atmosphere of the historic downtown. Implementation 151 Economic Development Element Farmington 2030 Comprehensive Plan- 2008 Update Through information compiled from the Market Study and the Downtown Outreach Program, the types of businesses to be targeted will be identified and may include the following: . Professional offices . Entertainment and arts . Craft and antique . Boutiques . Specialty shops 3. Parks and Public Spaces Implementation Staff will work in conjunction with the Park and Recreation Advisory Commission to identify opportunities for park and green space in the downtown area. 4. Identify Incentives Implementation Possible incentive programs and options will be investigated and developed based on input from the City Council and EDA. Staffwill research available grant and loan funding. 5. Land Assembly Strategy There will be ongoing attention to the possibility of land assembly. Potential reasons to assemble land include but are not limited to: . Prices that are unusually favorable . The ability to capture opportunities that arise · To accommodate the desired development patterns as outlined by the Comprehensive Plan. 6. Develop and implement a communications plan. Policy 2: Industrial DeveloDment The goal of promoting industrial development is to encourage the expansion of the tax base and job creation to enhance the well being ofthe community. The following steps will be undertaken to promote development. Strategies to achieve the policy: a) Build, execute, and maintain a business retention program. Action steps 152 Economic Development Element Farmington 2030 Comprehensive Plan- 2008 Update 1. Visit each business on an ongoing basis dependent on their individual needs. Partnerships with the City Council, EDA, Administration, DEED, the Chambers of Commerce and Legislators may be utilized to benefit the program. The following steps will be included in the program. a. Identification of the questions and discussion topics for the visits b. Identify list of businesses c. Data review d. Follow-up e. Ongoing visits b) Promote the availability, use, and sale of industrial property Action steps 1. Develop inventory and contact list 2. Identify desired businesses 3. Determine ifland assembly is appropriate 4. . Rezone property to comply with Comprehensive Plan 5. Develop promotional materials for desired business types 6. Create marketing packet for inquiries c) Advocating with stakeholders d) Enforcing building standards e) Establishment of incubator buildings and/or inventory of vacant buildings for start-ups f) Extend Light-Industrial Areas of the City Policy 3: Commercial Development Outside of Downtown Area Support and promotion of commercial development throughout the City of Farmington will continue to be a priority. The commercial development outside of the downtown area includes neighborhood commercial nodes, and those along major thoroughfares. Those areas will be supported by the following strategies. Strategies to achieve the policy: a) Promote the availability, use, and sale of commercial property and buildings. Action steps 1. Zone commercial property to influence development patterns 2. Determine if incentives will be used to promote this type of development 3. Market to desired business types and brokers 4. Develop design standards (PUD) 5. Land assembly/Identify priority locations 6. Infrastructure 153 Economic Development Element Farmington 2030 Comprehensive Plan- 2008 Update b) Build, execute, and maintain a business retention program. Action steps 1. Visit each business on an ongoing basis dependent upon their individual needs. Partnerships with the City Council, EDA, Administration, DEED, the Chambers of Commerce and Legislators may be utilized to benefit the program. The following steps will be included in the program. a. Identification of the questions and discussion topics for the visits b. Identify list of businesses c. Data review d. Follow-up e. Ongoing visits 154 Economic Development Element I Farmington 2030 Comprehensive Plan- 2008 Update MARKET STUDY To better determine the future demand for commercial and industrial space, the Economic Development Authority and the Farmington City Council hired two consulting firms to conduct a commercial and industrial market study in mid 2007. The two firms, Maus Group and McComb Group, Ltd. worked together to conduct research and analysis of past trends and future growth projections for development in the Farmington trade area. The results ofthe study were used in the City of Farmington's Comprehensive Plan Update as well as to provide additional guidance in the creation of work plans for the City's Economic Development Staff as identified in the Economic Development Chapter ofthe 2030 Comprehensive Plan. The Summary of Findings and Development Strategy that follow provide insights into development potential, space absorption and strategies that serve as a guide for future development activities. 155 Economic Development Element Farmington 2030 Comprehensive Plan- 2008 Update SUMMARY OF FINDINGS AND DEVELOPMENT STRATEGY (prepared by Maus Group / McComb Group Ltd.) Farmington is updating its comprehensive plan to accommodate additional residential, retail and business development. New development will capitalize on previous Farmington investments including development and successful marketing of the Farmington Industrial Park and creation of the Spruce Street Commercial Area. The decision to relocate City Hall in Downtown retains an important destination in downtown. Development Potential Future development potential for retail, services and business park establishments through 2030 are summarized in Table L Acres of land needed for this development is also shown for each type of development. Category Deman d Retail Retail Sto res Serv ices Medical Other Subtotal 341,000 299,000 lQO~OOO ... 100,000 . 849,909' Business Park Office Warehouse/lndustrial' . Commercial Office Office Showroom Bulk Warehouse Subtotal Total 1,675,000 . .40Q,OOQ ; . 180,000 . 590,000 2,845,000 3,685,000 Source: McComb Group, LId, Square Feet Contingenc~ Total Land (A cres) 500,000 50,000 50,000.. 841,000 ; 84 349,000 35 150,000 15 100,000 . 10 . t,4"W,OQQ. ... ,J 144 .600,000. ... 420:000'1 . I.oo,goo 45,000 . 150,000 . 715,000 1,315,000 ;i , , t 175 50 19 62 306 2,095,000 .. ~O.Q,OQ.() .j. 225,000 740,000 3,560,000 5,000,000 450 Farmington currently has about 640,000 square feet of retail stores, services and medical offices. Retail stores total about 223,000 square feet and services total about 240,000 square feet. Medical offices currently occupy about 64,000 square feet. There's an additional 133,500 square feet of space that could not be identified as clearly retail stores or services and is identified as other. Additional retail space demand by 2030 is estimated at 840,000 square feet. A contingency of 600,000 square feet is provided to accommodate unforeseen retail development. This contingency has been allocated to each retail category. The contingency is provided to ensure that Farmington will have retail space in the period beyond 2030. Most of this contingency, 500,000 square feet, has been allocated to retail since this is the category which accounts for the big box stores (Le. SuperTarget, Wal-Mart Superstore, Home Depot, Menards, etc.). Land area estimated to accommodate this retail development is estimated at 144 acres excluding water retention and streets. Existing business park type buildings total over 1.1 million square feet. 156 Economic Development Element Farmington 2030 Comprehensive Plan- 2008 Update Office warehouse/industrial is the largest category with 809,500 square feet and bulk warehouse totals 195,600 square feet. The Farmington Industrial Park is responsible for much of the industrial development in Farmington. Business park space demand is estimated at over 2.8 million square feet with office warehouse/industrial accounting for about 60 percent of the estimated demand. Commercial office is estimated at 400,000 square feet and bulk warehouse accounts for 590,000 square feet. Office showroom is a relatively small category estimated at 180,000 square feet. A contingency of25 percent (715,000 square feet) has been provided for two reasons: 1) Farmington's growth will not end in 2030; and 2) the contingency space will provide for the possibility that demand for business park space exceeds the baseline estimates. Land necessary to support business park demand is estimated at 306 acres excluding water retention and streets. Space Absorption Estimated demand for retail and business park space increases steadily over the 23-year analysis period with the largest increase in the 2025 to 2030 period, as shown in Table ii. This is due to the growing metropolitan economy, Farmington's growth, and reduced supply of competitive sites in other communities. Table ii ESTIMA TED INCREASED RETIAL, SERVICE AND BUSINESS PARK SPACE i\~1) l,Al'ID;2010T()203() (In Thousands of Square Feet) y...___mm__._..._.._."....._.....}_"___................... .n............._...................__T.__. Category 2010 Retail Retail Stores Serv ices Medical Other Subtotal Contingency Total 15 14 6 6 41 31 72 Business Park Office Warehouse/Industrial 138 Office 20 Office Showroom 4 Bulk Warehouse 30 Subtotal 192 Contingency 48 Total 240 Land (ac res) Retail Bus iness Park Total 8 21 29 Source: McComb Group, Ltd, ..I- Cumulative Increase 2015 2020 2025 82 202 61 113 19 38 19 38 181 391 115 229 296 620 367 76 27 96 566 142 708 30 63 93 262 192 65 65 584 386 970 2030 341 299 100 100 840 600 1,440 144 306 450 198 295 157 Economic Development Element Farmington 2030 Comprehensive Plan- 2008 Update Estimated demand for retail, service and medical offices accelerates to an additional 840,000 square feet by 2030. The largest increase in space occurs in the later years of the analysis period. The estimated increase between 2010 and 2015 is 140,000 square feet, which increases to 210,000 square feet in 2020. The estimated increase in demand is 193,000 square feet in 2025 with a further increase of 256,000 square feet by 2030. For purposes of preparing absorption estimates, the contingency was allocated to each five-year period beginning with 31,000 square feet in 2010. Land needed to support the above retail demand is contained at the bottom of Table ii. One acre of land will support about 10,000 square feet of gross leasable area, excluding land for water retention. This indicates demand for about 84 acres. Adding 60 acres for the 600,000 square foot contingency brings total additional land area to 144 acres by 2030. Estimated business park demand by five-year period is contained in the lower portion of Table ii by building type. These are baseline forecasts and do not take into consideration the current economic environment that may restrain development of business park properties. The total additional business park space by 2010 is estimated at 240,000 square feet. For 2015, the estimated demand increases to 708,000 square feet, an increase of 468,000 square feet for the five-year period from 2010 to 2015. Baseline demand in 2020 is estimated at 1,370,000 square feet, an increase of 662,000 square feet from 2015. This table demonstrates that space demand increases with the largest space demand is estimated for the period 2020 to 2025 (931,000 square feet) and 2025 to 2030 (1,255,000 square feet). Retail Development Strateev Growing population and households in Farmington's trade area will provide support for a growing number of retailers over the next 23 years. Retail potential is focused primarily in convenience goods, food service, services and medical, or those business establishments that are generally patronized by customers that live near the business establishment. Demand for shopping goods, which include apparel and accessories, electronics, home furnishings, and other specialty stores, have more limited potential because the Farmington trade area does not have enough households to support most of these types of businesses. Significant retail development occurs around anchor stores that attract customer traffic. Examples of anchor stores include supermarkets, drug stores, discount stores, superstores, department stores, and home centers. Retailers and services attracted by anchor stores differ by type of store. Supermarkets and drug stores attract convenience retailers, liquor, florists, fast food and personal services. Discount stores and superstores attract many of the same convenience stores and services and a limited number of shopping goods stores. Department stores attract shopping goods retailers, fast food, and restaurants. Home centers and other destination stores, such as furniture, appeal to a smaller group of retail stores as a draw. New anchor stores, because of their size (55,000 to 200,000 square feet), will be most likely to locate in the Spruce Street Commercial Area. How and when this occurs will affect downtown business establishments. 158 Economic Development Element Farmington 2030 Comprehensive Plan- 2008 Update Supportable square footage analysis indicates that Farmington will be able to support an additional supermarket. The timing of this new supermarket is important to Downtown Farmington. Farmington's trade area should be able to support two supermarkets sometime around 2015. This supermarket is likely to locate in the Spruce Street Commercial Area. If a new supermarket is constructed before the trade area can support two stores, it's possible that Econofoods could be forced out of business in a scenario similar to that which occurred in Rosemount when Knowlan's opened causing the downtown supermarket to close. Subsequently, Cub opened a store and Knowlan's closed. Customer traffic to other stores in Downtown Farmington would suffer if Econofoods were to close. Analysis in this report demonstrates support for a discount superstore in about 2015 to 2020. A superstore would reduce market share and sales for any supermarkets operating in Farmington. Due to its smaller size, Econofoods could be most vulnerable. Notwithstanding the timing for supermarket or superstore development contained in this report, major anchor stores are concerned about market share and the development activities of their competitors. This can cause a retailer to build a store before a market can fully support the store to prevent a competitor from locating in the market. As a result, an anchor store could choose to locate in Farmington to prevent a competitor from opening a store in the area. The timing of these types of development decisions is unpredictable, but do have ramifications for Farmington. Farmington's comprehensive plan emphasizes maintaining Downtown as a major retail area and also provides for retail expansion into the Spruce Street Commercial Area. Current drafts of the 2030 comprehensive plan identify new retail areas north ofTH-3 at 195th Street, and on Flagstaff south of 195th Street. These should be convenience shopping areas. A convenience shopping area could also be planned at CSAH 50 and Flagstaff. These convenience shopping areas should be five to ten acres in size and designed to accommodate the types of uses found at Marketplace and Charleswood. Downtown Farmington is the area's dominate retail location due to its historic base of retail stores and services. It is important to improve Downtown's attractiveness to retailer stores and services. Retail potential in Downtown Farmington can be strengthened by locating new businesses that serve as major customer draws in the downtown area. This is similar to the city's decision to build its new City Hall in Downtown. To encourage retail development in Downtown Farmington, the city could consider establishing a retail incubator to attract new retail stores to Farmington at affordable occupancy costs. The key to maintaining the vitality of Downtown Farmington is to have a growing number and diverse mix of attractive retail stores, restaurants and services that can meet the needs of trade area residents and visitors. Building owners and retailers in Farmington's older retail areas (Downtown and Highway 3) should be encouraged to update and modernize their space to present a more contemporary appearance. This includes updating storefronts and interior finishes and fixtures. Downtown 159 Economic Development Element Farmington 2030 Comprehensive Plan- 2008 Update retailers should seek to be comparable to their competitors on Pilot Knob and in Apple Valley, Lakeville and Rosemount. Most national and regional retail chains have refurbishment schedules of seven to ten years. Over the next 25 years, some of Farmington's existing retail buildings are likely to be redeveloped to accommodate expansion of existing retailers or new retailers choosing to locate in these areas. The City of Farmington should encourage these redevelopment activities and should establish programs to enable redevelopment to be economically feasible. Business Park Develooment Strate2V Since 1990, about 450,000 square feet of business park space has been developed in Farmington. Industrial Park tenants indicated they located in Farmington due to the availability of affordable land and friendly business climate. Farmington should capitalize on this "good will" in its business development activities. This will help to mitigate development industry misconceptions of Farmington identified in broker interviews. A strategy that will help Farmington achieve a balanced growth would include the following: . Land use policy that promotes a balanced growth that includes a mix of office and industrial users to help support Farmington's tax base and minimize the real estate tax on homeowners. . Target industries that are not heavily dependent on transportation. Because Farmington is not on a primary transportation corridor like 1-35, industries that depend on a road network to receive and ship large quantities of raw materials and finished goods will find Farmington less accessible than other locations. . Building values tend to reflect the wages and talent of the people working inside. It is important to create jobs that enable employees to live within the community. These employees are likely to have higher disposable income to support local businesses. This will reduce traffic congestion created by commuters that leave the community to find employment. . Development covenants for the industrial park will be important to ensuring that higher value real estate is developed. However, some communities create covenants that are overly restrictive and complex, which will often discourage industry from locating in their area. Covenants that are extensive and detailed are not necessary and can suggest an unfriendly local business climate. . Focus on the creation of wealth rather than the number of jobs created. High value investment will create jobs for highly paid skilled workers to operate the facility. High value investment tends to create a sense of permanence. Light assembly and warehouse tenants and owners are fairly mobile. The spaces they occupy are flexible and commodity real estate that is easily adaptable for new users. High value investment often includes expensive equipment that is very difficult and costly to move and often requires customized buildings. 160 Economic Development Element Farmington 2030 Comprehensive Plan- 2008 Update . The area to the west of the Industrial Park should be guided business park and sized to accommodate projected demand in this report. . It is very important to control the cost of land to promote business park development. In order to minimize up front acquisition and infrastructure cost, the EDA should investigate several scenarios to control land and cost. These include: . This could be as simple as acquiring a renewable option on the proposed business park property. Option money is not subjected to ordinary income tax until the option is exercised. Therefore, a land owner could continue to farm the land and collect option money not immediately subject to income tax. . The EDA could enter into a purchase agreement with a land owner that includes a "take down" provision that would allow the EDA to exercise a purchase at a predetermined price when a buyer is found or to take down land on a scheduled basis over an extended number of years. . The EDA could enter into an option agreement for a nearby farm at a lower price and facilitate a 1031 tax free exchange with another land owner near to the business park allowing the owner to avoid paying a capital gain tax. . It is important to develop a business park layout that is flexible. Utilities should not be extended beyond the entrance. To do so would commit the city to a final design and preclude flexible lot configuration and size for potential users. A preliminary plat can be developed and finalized as each lot is sold. . The EDA should consider developing a business incubator building. This could be a multi-tenant building with added improvements that would allow emerging companies with new technologies to become established and hopefully later grow into the business park. It may be necessary to provide TIF, deferred assessments or other incentives to encourage a private developer to create a building with these added amenities. . The EDA should create a targeted marketing program focusing on specific industries and businesses south of the river. This would include direct mail and personal contact by EDA staff. Farmington's development strategy should focus on local and regional businesses that are likely to have more flexible location criteria than national firms. Farmington's favorable business climate is a significant advantage. Farmington has the ability to build on the success of the existing Industrial Park. 161 Economic Development Element STRATEGIC PLANNING & GOAL SETTING SUMMARY REPORT August 7, 2009 Presented By: Lynn & Associates www.lynn-and-associates.com I I INTRODUCTION Background: The Council and City Manager met in July and August, 2009 to develop a draft Strategic Profile - a tool that will assist the Council and Staff in setting and implementing the strategic direction for the City of Farmington. The meeting notes from both sessions are included in this Report. This Strategic Profile contains a Vision Statement, Values, a Mission Statement and 6 Strategic Goals or Priorities for the City of Farmington to focus on for the next several years. This Plan will assist the Council and City staff in working together as a high performing team, focusing on key areas and aligning resources to work more effectively and efficiently. @2009, Lynn & Associates 1 I I A VISION 51 A TEMENT - WHERE ARE WE GOING In order for leaders to work together effectively and efficiently, there needs to be a clear direction determined. A vision statement is a picture of the City of Farmington. It is often an inspiration, the framework for all strategic planning efforts. The vision statement answers the questions, "Where do we want to go? or "What do we want people to picture when they think of the City of Farmington?" The Council wanted the Vision Statement to pull people together from the entire community. The Vision needs to encompass both attitude and environment. The previous Vision Statement: A proud past, a promising future. The Council drafted several concepts and Vision Statements which are listed below. Home and family. No asphalt valley. Out of the rat race. Your destination. A growing City with a small town feel. Your home with a small town feel. Our trails lead you home. The last best small town in the metro area. Welcome home. @2009, Lynn & Associates 2 I I VALUES - HOW WE TREAT EACH OTHER The Council discussed core values from the perspective of City, City Staff and the Council. Then, the Council voted as to which were key from all areas and the following list of eight values emerged. . Family . Excellence . Effectiveness . Accountability . Friendliness . Organization . Education . Safety These values should link with both the Vision Statement and the Mission Statement. These values should represent how City employees and Council treat each other and also how the staff and Council treat citizens, business owners, visitors, and key stakeholders of the City. @2009, Lynn & Associates 3 I I MISSION STATEMENT - WHAT OUR PURPOSE IS A mission statement is a brief description of a City's fundamental purpose. A mission statement answers the question, 'Why do we exist?" The mission statement articulates the City's purpose both city staff and for the public. Many experts agree that successful organizations, both pubic and private, have a mission statement as a way of ensuring that everyone in the organization is "on the same page" and to serve as a baseline for effective strategic planning. As the Council has stated they want to move towards the future, the City of Farmington Mission Statement adopted July 15, 2002 may need to be revised. The 2002 Mission Statement is listed below. Through teamwork and cooperation, the City of Farmington provides quality services o that preserve our proud past and foster a promising future. The Council discussed ideas and drafted the following Mission Statement. . The City of Farmington is dedicated to provide quality services for those we serve. . The City of Farmington is dedicated to provide quality services through (teamwork) for those (community) we serve. @2009, Lynn & Associates 4 SWOT ANALYSIS: INTERNAL STRENGTHS AND WEAKNESSES The following notes were captured on the flipchart as the Council discussed prompts within the SWOT Analysis (see Appendix A). Perceived Strenaths ~ The culture and feel of the City is a definite strength. ~ Our location - we are on the edge. One can experience many environments within minutes (peace and quiet, farming, shopping, biking trails, etc.) ~ Our vision is clear - we know where we are going - it just getting there that is the tough part. The City of Farmington has many current strengths that other cities are trying to build or create. ~ Our infrastructure is definitely a strength. We are zoned well, a bridge is going in that will benefit many, and we have lots available for when the financial difficulties turn around. ~ Our website is a strength although it could use some revisions to make it even better such as a better search engine. Our City is safe. ~ Our citizens are satisfied - by the comments we receive and from the survey data. ~ Our environment - we don't have to lock our doors. Kids can run around and play. ~ Our City has the chance to grow and expand its' boundaries. We could get up to twice our current size. We have the opportunity to grow in the future. ~ We have a downtown which many cities would love to have and are trying to develop. Our market study stated that our downtown was a great asset. ~ The downtown area is part of our character and should be saved. Our downtown is an asset. ~ We hold our farmers market in the downtown area to get people to come here. ~ Fairhill has development potential. ~ We have 45% expenditures. We are doing well financially. We have development potential. ~ Our staff manages the budgets well. ~ We have a stronger residential tax base and don't rely on as much commercial or industrial. @2009, Lynn & Associates 5 Continued Strengths }> We are almost done with TIFF. }> We have excellent roads. }> We have good utilities. }> We have excellent new facilities. }> We have great garbage service in the City of Farmington. }> We have good communication networks set in place. People can get the answers they need quickly. }> The Council and staff are open to answering questions. }> The Council and staff are approachable. }> We have excellent technology staff in the City. }> We are close to having a paperless office. }> We have been effective at replacing technological equipment when needed. }> Our new buildings have allowed us to be more effective and efficient in how we work. }> Our employees can get the training they need to stay current in their skills. }> Our staff is cross-trained. }> We have a good Council orientation. }> We have internal training and offer external in-state training. }> People enjoy working together at Farmington. }> We have a new High School, a new City Hall, a new Senior Center and a new bridge that goes somewhere! }> We have low water fees as compared to other cities @2009, Lynn & Associates We have a good infrastructure in place! We communicate! We are close to having a paperless office. Our City uses technology effectively. Our staff and Council are well trained. We have a lot of good things going for us! 6 Perceived Weaknesses ~ Taxes are high. ~ We don't have a lot of commercial or industrial development to offset residential taxes. ~ Is our vision clear? There is some disagreement as to our future. Should we grow and bring in "the big box" or should we stay as we are? ~ Our downtown is loosing strength. Businesses are leaving. But it's not the City's fault, but rather it's the economy. ~ Our location could be perceived as a weakness. Can we attract businesses? We are not next to a highway. ~ What areas should we focus on for business development? ~ Do we have affordable housing for all? We are lacking affordable apartments. People have to leave the community to find an affordable home if they want to live in an apartment type structure. ~ As far as downtown, business owners need to take responsibility for their own success and not depend too much on City Hall to bail them out. We, as a City, need to pay attention to all our businesses and treat each equally. ~ We rely too heavily on a residential tax base. ~ It would take 15 - 20 years to benefit from a commercial property. ~ Why should we put resources into infrastructure when commercial properties may not result? ~ Our bonding and debt is growing. ~ The manner in which we finance roads, etc. It is effective? We are not consistent. It takes a lot of time and resources to assess each project. ~ Business development is not transparent or efficient. ~ Economic development I weak. We need to get a star player to build this for Farmington. Currently, we have an entry level staff person - we need to pay for and bring in an experienced star! @2009, Lynn & Associates The economy is effecting the City of Farmington. We need to focus our resources on all businesses equally throughout the City. Do we have a diversified enough tax base? 7 Continued Weaknesses )> Statutory requirements in some processes are definitely weaknesses. )> Engineering can be a weakness at times. We seem to redo many projects. Why can't segmented construction be more effective? There has to be a better way to do it. )> The Council uses too much paper each week. We are not being "green". )> The City does not have a lot of staff with free time on their hands @2009, Lynn & Associates We need to take the initiative enhance key processes to work more efficiently. 8 SWOT ANALYSIS: EXTERNAL OPPORTUNITIES AND THREATS Perceived Opportunities )> We could bring in more industrial and commercial companies. )> We can work with industrial builders more - network with them to form relationships and enhance our chances of bring in more industry to our City. )> We can assist developers more - partner with them. )> 195th and Pilot Knob will help. We need to partner with others to enhance our strength. )> How we talk about construction projects - can the Council use a "better tone" when describing these projects? We set the example for others to follow. )> Perhaps we can challenge mandates from Dakota County when needed. We may have more power than we think. )> Can we be more green and lessen the amount of paper and resources the council uses each week? Can the Council utilize laptops to replace the amount of paper we use. We have open land we can develop! )> We can work with other cities - partner with them to get a better price on resources we all need _ seal coating, ambulance service, supplies, regional police, etc. )> What could we do with the schools? How can we repair any relationships that need help so we can work together for our kids? Can we be more green? )> Can we visit more with current businesses - to see if we can partner with them - to bring their suppliers to Farmington? )> We have a lot of land we can develop - more than other communities. )> As far as technology - our opportunities lie in the fiber network. What about looking at developing a technology park? )> Can we develop a technology park? )> We have no LGA. )> Should we look at a liquor store at Highway 3 and 195th? )> Park and Recreation - we have partially prepared fields at Highway 3 and Empire. )> Community Ed @2009, Lynn & Associates 9 Perceived Threats ~ State Financial Deficit. ~ National Economy. ~ Legislature. ~ Some residents are stuck here - their homes are not worth what they owe. A lot of our growth was at the height of the market - so homes were going for $500K and now they are not worth that. ~ What is the impact of foreclosures in our City? ~ The interstate is far away. ~ We used to be more affordable. ~ Transportation. ~ The location of Lakeville, Apple Valley and Rosemount Liquor stores. ~ Park and Recreation parks. ~ Passing a referendum in today's economic environment. @2009, Lynn & Associates The State's Financial Deficit will impact us negatively for years. '"'- 10 The City of Farmington's Strategic Profile OUf Vision: Welcome Home! Our Mission: The City of Farmington is committed to providing quality services to residents, business owners and visitors to our City. We will facilitate this by ensuring we have a safe and prosperous community, one that we are proud to call home. Our City Values: ~ Fostering A Family Friendly Community ~ Providing Excellence In Programs And Services ~ Demonstrating Integrity In Our Words And Actions ~ Working Collaboratively And With Respect Our Strategic Priorities 1. Promoting open and honest communication. 2. Providing exceptional services and programs. 3. Encouraging economic development. 4. Expanding our community. 5. Making fiscal decisions with collaboration and a shared responsibility. 6. Maintaining a safe community. @2009, Lynn & Associates 11 Strategic Priorities: Detailed Draft Obiectives and Success Indicators 1. Promoting open and honest communication. Potential Objectives: - Use of television. - Use of emaillinternetltwitter/etc. - Use of in-person discussions. Use of presentations to Council. Potential Success Indicators: Maintain and/or enhance communication between: . Council . Staff and Council . Staff/Council and residents/business owners . Council and the Fire Department 2. Providing exceptional services and programs. Potential Objectives: - Maintaining what we have. Recreation Programs/Services Promotion/Education Opportunities Potential Success Indicators: . Inviting more groups to come and present success stories to Council - promotion. 3. Encouraging economic development. Potential Objectives: - Maintain and/or expand recreational opportunities. Focus on growing business development _ Provide a collaborative, respectful environment so developers, etc., want to work with us. - Invite successes to Council and celebrate successes. Explore fiber as a competitive advantage Potential Success Indicators: . # of new businesses . Marketing piece in place . Messaging successes . Increased jobs . Increased revenue @2009, Lynn & Associates 12 4. Expanding our community. Potential Objectives: Eureka Township - Empire Township - Lakeville _ Property around the High School Potential Success Indicators: . Are we going to work with Lakeville? . This area could be a big draw for development in the future. 5. Maintaining a safe community. Education with Residents and business owners - Communication Potential Success Indicators: . Level/decreased crime rate . Manage ambulance service 6. Making fiscal decisions with collaboration and a shared responsibility. Potential Success Indicators: . Fund Balance Increased . Maintain Levels of Service @2009, Lynn & Associates 13 7!6 City of Farmington 430 Third Street Farmington, Minnesota 651.280.6800 . Fax 651.280.6899 www.ci.farmington.mn.us TO: EDA Members FROM: Tina Hansmeier, Economic Development Specialist SUBJECT: Economic Update Distribution DATE: January 25, 201 0 INTRODUCTION Staff understands from earlier discussions with the EDA that there is interest in expanding the current distribution of the Economic Update to reach a larger audience. The main avenues for distribution at this time include mailing to Farmington businesses (that have a storefront) and emailing to about 30 individuals interested in receiving the information. DISCUSSION Staff is looking for clarification and direction regarding how the Board would like staff to proceed with this activity. It appears from the last discussion that took place that several of the Board members were interested in placing a half page ad in the Thisweek newspaper because it would reach over 24,000 households within the Farmington and Lakeville area. The table below illustrates the difference in price from the current distribution method to placing an ad in the Farmington Independent or Thisweek news. Publication Circulation # Monthly Cost Yearly Cost Approx Cost per Household Economic Update 215 + emaillist $124.70 $1,496.40 $0.58 Fgtn Independent 1,900 $395.00 $4,740.00 $0.21 Thisweek News 24,641 $963.50 $11,562.00 $0.04 BUDGET IMPACT Funding to cover this activity was budgeted for in the 2010 EDA budget up to $13,500. ACTION REQUESTED Recommend that the EDA agree to one of the options provided. Respectfully submitted, ~~.~ Tina Hansmeier Economic Development Specialist <6c., City of Farmington 430 Third Street Farmington, Minnesota 651.280.6800 . Fax 651.280.6899 www.ci.farmington.mn.us TO:. EDA Members FROM: Tina Hansmeier, Economic Development Specialist SUBJECT: EDA Property Update: 305 3rd Street DATE: January 25, 2010 INTRODUCTION/ DISCUSSION The EDA owned property located at 305 3rd Street (former liquor store building) has had some issues recently with a roof/ceiling leak. Staff contacted a contractor to assess what may be causing this problem to occur. The contractor has indicated that the main issue is the flat roof and the snow and ice build up that had thawed during the warmer days in December. The City's Building Official and contractor will be meeting in the next few weeks to determine what would be required to fix this issue long term. There has been no damage to the tenant's equipment and minor damage to some of the ceiling tiles that will need to be replaced. ACTION REQUESTED For you information. Tina Hansmeier Economic Development Specialist ~d V~~ GRUBB & ELLIS. w [_~.. Northm Real Estate Servlce5 Date: December 31, 2009 To: Peter Herlofsky Tina Hansmeier From: Bruce A. Maus, Senior Vice President Corporate Service Group Chris Kubesh, Senior Associate & Director of Research Subject: Farmington Industrial Real Estate Market Analysis Peter & Tina: As requested at the November EDA meeting, we have provided a brief overview of the industrial market south of the river and within a 15 mile radius of Farmington. The purpose of this information is to give you a snap shot of the industrial real estate market and how it may impact the future growth of Farmington. The attached documents are described as follows: . Farmington Industrial Market Summary: Table 1 - All industrial properties within the 15 mile radius of Farmington. This table includes total space broken down by available and vacant space as well as the vacancy rate. "Available" space includes vacant and some occupied space. Occupied space could be a tenant month to month or a lease about to expire. Table 2 - Detail for all multi-tenant industrial buildings only. Table 3 - Detail for all single tenant or user industrial buildings only. Table 4 - All industrial properties within a 10 mile radius of Farmington. Table 5 - Detail for all multi-tenant industrial buildings only. Table 6 - Detail for all single tenant or user industrial buildings only. Table 7 - All available properties sorted by city within 15 mile radius. · Farmington Available Properties: A one page description of each building listed as available for sale or lease on MNCAR (commercial MLS). Note that some buildings may appear more than once because it can be listed separately for sale and for lease. . 2009 Grubb & Ellis I Northco Third Quarter Industrial Market Update · 2010 Grubb & Ellis I Northco Industrial Market Forecast Grubb & Ellis I Northco Real Estate Services 5353 Wayzata Blvd, Suite 650 St. Louis Park, Minnesota 55416 952.820.1600 - 952.820.1620 fax Independently Owned and Operated In summary, the above information and reports indicate there is a significant amount of industrial space available in the market. It is important to note that 80 percent of the available space is located within the outermost five mile ring of the fifteen mile radius market. Companies considering space more than ten miles from Farmington are not likely to consider Farmington in their search. However, given current market conditions, it is important to be aware of the significant amount of available space in the market. During 2009 there was negative absorption, meaning vacancy increased. As described in the 2009 Third Quarter Update, negative absorption has slowed and we believe as noted in the 2010 forecast that this trend will reverse itself and there will be positive absorption of industrial space in the market. However, after two years of negative absorption resulting in increased vacancy and net effective rental rates remaining the same or decreasing due to fmancial incentives offered by landlords, it will take time to absorb available space before we will see an increase in lease rates to justify the cost of new construction. 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'g~ ',I,~ I 'I,',~" 'I ~...,:-JII'I":i:~U~"!:t':nu a, f ' y,,- : , ,~. ,: IUU:i!l '~.'.lil. 'lIlll ... I # Vacancy Rate Quarterly 8% 6% 4% 3Q 07 1 Q 08 3Q 08 1 Q 09 3Q 09 II Vacancy Absorption Quarterly (in Thousands of SF) 1,500 500 -500 -1,500 3Q 07 1 Q 08 3Q 08 1 Q 09 3Q 09 II Absorption Asking Rental Rates Quarterly ($/SFlYr.rrrlple Net) $8 $6 $4 3Q07 1Q08 3Q08 1Q09 . Generallndustrlal Eill R&D/Flex 0 Warehouse/Dist. [v/i}1 GRUBB & ELLIS. ~ c=J~ Northco Real Estate Services Positive Spin on Negative Trends The Twin Cities Industrial market extended its reign in negative territory during 3rd quar- ter 2009. However, there are some notable improvements... so to speak. Net absorption or more correctly "negative net absorption" (NNA) actually declined significantlyfrom 2nd quarter 2009. The cumulative yea r to date N NA stands at a staggering negative 3,240,121 square feet, 3rd quarter's performance was significantly less negative than previous quarters with negative 591,859 square feet of the year to date. The two largest submarkets in the twin cities, the northwest and southwest totaling 170,293,112 square feet, not surprisingly had the highest NNA numbers at negative 548,876 during 3rd quarter. The overall vacancy rate across all product types increased by 20 basis points to 6.4 percent. Sublease offerings increased by 100,000 square feet to 1,551,777 square feet. Forecasting sublease space in the current climate is easyl There will be morel Exactly how much more is difficult to quantify. New potential sublease inventory, also called "Shadow Space", is space that is currently unused by the tenant just not marketed as a sublease. The market will be subject to the whims of the local economy and hiring practices to determine the amount of sublease space that will hit the markets in future quarters. Net rental rates overall are slipping slightly in some categories and in some submarkets. The weighted net average rental rates however actually increased marginally to $5.81 per square foot. While a plethora of available space exists for tenants in this market, transaction volume remains low. Lease transactions that are occurring generally speaking are smaller and less tenant improvement intensive. Landlords who were asking themselves the "to renew or not to renew" question are genera lIy favoring the former. Finding replacement tenants is a difficult play at best. Financing the transaction costs, tenant improvements, concessions, etc. in this capital scarce environment is another game unto its self land- lords shy of ca pital and reI ucta ntto discou nt quoted net rates for fea r of lenders reprisals have resorted to free rent to meet aggressive demands of to day's tenants. FORECAST . Rates to remain steady to marginally lower in some categories. 3Q 09 · NNA to continue to haunt the remaing quarter with inprovements in some submarkets. . Even as unemployment numbers appear to improve sublease space will continue to hit the market with uncertain negative effects on inventory. ~ '" 0- E o u ~ iIj o<l .0 .0 => 13 m o o N @ Grubb & Ellis I Nortcho 5353 Wayzata Blvd, Suite 650 Minneapolis. MN 55416 . www.northco.com Independently owned and operated Prepared by: Chris Kubesh Director of Research I Associate 952.820.1668' ckubesh@northco.com Matt Semke Director of Marketing 952.820.1681 . msemke@northco.com .. Industrial Snapshot-Third Quarter 2009 Minneapolis, MN By Submarket I ~~"n~ponS,i!t~~, ,,"t, Northeast Total SF 'llj~; 44,056,791 31,198,775 '",96,791,284 47,319,333 73,501,828 41,930,540 334,798,551 Southeast SouthWest Sl Paul Midway Totals By Property Type GenerallnQUl.trial @;J Incubator IR&D/Flex, ;r WarehouselDlstrlbutlon Total Vacant SF Vacancy % 2,021,363:: 4.6% 1,675,618 5.4% 6,238,052 v 3,150,802 6.7% 21,663,019 6.4% ~ Totals 334,798,551 21,663,019 6.4% NET ABSORPnON ASKING RENT Under Current Year To Date Conetructlon SF WHlDlst R&DlFlex (6,614) (~17,035) 12,000 $4.09 ~ 3,887 (174,695) 136,776 $5.95 373,760 $6.86 (821) (344,322) 218,833 $5.08 (67,766) (682,246) 49,105 $5.28 (39,375) (384,861) $5.50 (691,869) (3,240,121) 790,474 $6.64 (356,332) (1,210,651) 344 14,740 (204,733):[ (838,523) (31,138) (1,205.687) (691,869) (3,240,121) INDUSTRIAL TERMS AND DEFINITIONS Office Submarkets NW Northwest NE Northeast MPLS Minneapolis STP St. Paul SW Southwest SE Southeast ~/~ GRUBB & ELLIS. ~ c:::=J ~ Northco Real Estate Services ASKING RENT 506,001 $5.68 $6.45 $6.77 $5.54 $6.81 , " 231,923 l~ 52,550 790,474 Grubb & Ellis-Minneapolis Real Estate Advisors Barry Blmberg Vice President 952-820-1673 bbirnberg@northco.com Bruce Maus Senior Vice President 952-820-1619 bmaus@northco.com Scott Kummel Vice President 952-820-1642 skummel@northco.com Inventmy: Industrial inven1DJylncludesaD multi-tenantsingle tenantand OMle/'oa:upied buildIngs at 1east20.ooosquare feet Indusl:rIaIBuildlngsClassllltdtiOIlS:lndustrial buikfmgsare categorized aswarehouse/d"i5I:ribution,general industria~ R&D/fIexand incubator based ontheIr~lcharaderlstlcs indudingpercentoffke build-ool;dearheight 1wka1 bay depth. typicalsuItesize. typeafloadlngandtypical uses. VaamtyandAvallablllly: Thevacarq rate Isthe amountaf ~lo/vacantspaced"1Vided l;ythe inven1DJyand includes directand subleasevacant The availabirIlyrate Isthe amountaf space availabfeforleased"1Vided l;ythe inven1DJy. NetAbsorpllon: Thenetchange in ~Io/oa:upiedspace overa periodaftime. AskIng Rent: The doIIaramountasked ~landlordsforavailabfe spaceexpressecl in dollars persquarefoot peryear in most parl5 afthecountry. and dollars persquarefootpermonth in areas afCafifomia and selected othermarkets.lndustrial rentsare expressed astriple netwhere aDcosls including but notDmIted to, real estltetnces. insurance and common area maintenance arebome l;ythetenantona pro rata basis. The asking rent foreach buildIng in the marketiswelghed l;ytheamounta available space in the buikfms ~ '" c.. E .3 '" Ui . Grubb & Ellis statistics are audited annually and may ~ result in revisions to previously reported quarterly and final .g year-end figures. l5 a- D D '" ~ Minneapolis Industrial Asking Rental Rates Warehouse/Distrlbutlon Space, Year End ($/SFlYr. Triple Net) $5.00 $4.80 $4.60 $4.40 $4.20 $4.00 $3.80 Source: Grubb & Ellis I Northco Real Estate Services '01 '03 '05 '07 '09P Vacancy and Absorption Year-End (in Thousand SF) 4,000 3,000 2,000 1,000 o -1,000 8.0% 6.0% 4.0% 2.0% 0.0% '01 '03 '05 '07 '09P _Absorbed =Vacent Source: Grubb & Ellis I Northco Real Estate Services SF Under Construction Year End (In Thousand SF) 2,000 1,500 1,000 500 o '01 '03 '05 '07 '09P Source: Grubb & Ellis I Northco Real Estate Services ~ ~//li1 GRUBB &. ELLIS. r E:"J. fram lns/ahttDlIIsdbi Another year of slow growth is expected for the Twin Cities industrial market in 2010. However, a return to positive absorption and stabilizing rates are first positive signs. It has been predicted for the last 18 months that the Twin Cities industrial market would stabilize and enter the recovery phase in 2010. Many economic indicators are beginning to lend credence to this prediction, but it might be premature to forecast a full-blown recovery. Some market optimism from macro economic indicators such as jobs and consumer spending show signs of improvement. The number of newly laid-off workers filing for unemployment aid fell by 35,000 in November of 2009 to 466,000, the fewest filings since September of 2008. Gross domestic product grew by an annualized rate of 2.8 percent in the third quarter of 2009 after shrinking by 0.7 percent in the second quarter. While these two indices fall far short of predicting a full scale rebound, they point towards a stabilizing economy. This should positively affect the Twin City industrial market and increase overall activity. The lack of any significant new construction is a positive factor in 2010. New construction has averaged less than 500,000 square feet per year during the past two years, compared to the previous five-year running average of nearly 1.3 million square feet. This should leverage a slight improvement in absorption, and serve to increase stability in the market. The healthcare and the medical device industries playa strong role in the "health" of the Twin Cities industrial market. Newly proposed health care and venture capital legislation will have a significant impact on the local medical device and bio-science industries. Major employers such as Medtronic, St Jude and others have all laid off workers, and many start-up firms and divisions are opting to locate out of state. Without legislative intervention to help promote continued growth in Minnesota, the industrial real estate market will experience further losses. In 2010, landlords will continue a very aggressive campaign to retain existing tenants and attract new prospects to fill current vacancies. The easing of the financial markets should afford the industrial ownership entities the ability to finance necessary tenant improvements and incentives. With capital comes progress, and transaction velocity. Tenants with real estate requirements in 2010 will have the upper hand in negotiations. With a few exceptions, overall net rates will flatten out. Landlords will have to use concessions by necessity to compete for deals. 9b Image Enhancement Cam~aign uses parking meters, sidewalks, storefronts and smartphones to educate Downtown VISion Inc., the improvement district of downtown Jack- sonville, FL (est. pop. 807,800), recently launched a public education cam- paign featuring whimsical information ''bubbles;' which are installed in storefronts, on sidewalks, and even on parking meters throughout downtown. The goals of the campaign, titled "explore the more," are to educate people about their downtown neighborhood and improvement district, engage their sense of community, and encourage them to explore downtown. Challenge: Promote all businesses and engage all stakeholders. "One of the challenges we have is, we had to figure out a way to develop a cam- paign that applied to the shoe store, the restaurant, and the printing compa- ny. We have a real mix of retailers that are down here. How do you promote all of them at the same time?" says Pamela Elms, director of marketing for Downtown VISion Inc. (DVI). (continued on page 2) Arts/Entertainment Good practices for any and every event When it comes to creating events, it's perfectly okay to be a copycat. ''I've worked in this particular industry for about six years now, and there really isn't too much out there now that hasn't already been done. So whenever we're looking to add a 'new' event, we just look to other cities to see what they're doing. I tend to look for a larger city, and see what can be adapted for ours," says Sue Butler, executive director of Great American Downtown in Nashua, NH (est. pop. 86,580). So if originality is not a factor in producing successful events, let's look at other factors that make them work well. Cross-promote restaurants and 'retailers. An example of successful idea importing is Great American Downtowri's ''Taste of Downtown Nashua.~' Billed as "the second longest-running food and beverage event in NH," it's a cross-promotional event, pairing restaurants and retailers, that's been running for 15 years. (continued on page 8) @ 2009 Alexander Communications Group, Inc. All rights reserved. er Vol. 34, No. 12 December 2009 In this issue Promoting mobile website on parking meters. Brilliant move increased traffic to the website by about 200 percent since the campaign's launch. . . . Page 2 Bubbly campaign has a busi- ness side. Marketing brochure touts the virtues of downtown Jacksonville on one side, and those of the downtown BID on the other. .......... Page 4 New organization tacldes weak local awareness. Efforts designed to get people who normally drive right through downtown to slow down, have fun, and explore. . . . . . Page 5 Looking Ahead to June. Get ready for Summer Solstice, Father's Day, spring cleaning, little League baseball, and six months 'til Christmas I .. Page 6 Make friends with the mall. Downtown finds an advertising bargain at the mall, of all places. . . . . . . . . . . . . Page 8 Multi-generational travel opens. .. opportunities for downtownS~ : Four tips to attract this growing market. . . . . . . . . . . . Pagel 0 Education campaign reaches people on many levels (Continuedfrom page 1) "The other challenge for the campaign was to fig- ute out a way to engage all the stakeholders at all lev- els. How dd we engage the prop~rty owners and the street-level retailers -as well as the Visitors ill the general public who are coming downtoWn?"she says. The overarching theme of "Explore the more," . fits the bill. "We want people to explore more of what downtown has to offer, and particularly what the improvement district has to offer. There are more things to do, more services provided; there's more history; it's more special, all of those things," she says. "This initiative is about creating a sense of com-, munity for downtown as a neighborhood," adds Jay' Southerland, Downtown Vision's board chair. ''At the same time, we are able to collectively promote busi- nesses during this challenging economy and ultimate- ly generate some new energy for downtown," First-floor window bubbles deliver a wide variety of clever messages in a fun format ''The bubble concept of the campaign is an ideal way to deliver a variety of messages to all of our con- stituencies and at the same time have some fun," adds Terry Lorince, executive director of DVI. ''Through the bubbles, which are our primary communication vehicle, we were able to convey a variety of messages, from historic facts to things to do. With the retail- ers, we developed customized bubbles for their windows that relate directly to the products or services that they provide," Elms says. The bubbles provide a clever solution to the challenges stated earlier, as they can be tailored to fit every business, and they also enhance the visibility of the downtown organization, which had been limited. The organiza- tion's name is in the comer of each bubble. The 10" x 10" window bubbles, which cost DVI $7 apiece; are static'clings that adhere to the inside of retailer storefronts. The customized bubbles add win:" dow-shopping interest for passersby, and identify merchants as team players in promoting downtown. For the campaign roll out, 50 first-floor business- es signed on to participate. Another 1? have called: DVI since, requesting window bubbles. of theiC own~ Developing copy for each business's bubble,"was a collaborativeeffoIi" Elms says. "The .first ihirig we did was' we took ideas from the retailers, or whom- ever the copy was for. If they had a particular idea 'or something they really wanted people to know, that would be our jumping-off point. The entire Downtown Vision team then spent many hours brainstorming ideas for copy, and worked with a local writer who devised a formula to focus and vet creative ideas. She also wrote some copy, but the majority was written in-house by staff. "Is it conversational? Is it humorous? Does it get the message across - is it clear? Is it a play on 'promoting mobile. ." . ..'0.: . parl9.,g mete .... is a brilliant move .' ,'; :1 - ...~ '<'~:i mobi' ,,,,) : <:'1 2 Downtown Promotion Reporter . www.DowntownDevelopment.com December 2009 words? Does it rhyme? Does it relate to pop cul- ture? There had to be some kind of spin to it so that it didn't come across, (a) as boring, or (b) as sales signage. You know, it wasn't going to be, '50 per- cent offShoe~,' O( anything lik~ that,inth~ sign~ It . '. ., - - . n~dedtoieallybe c()nyersa~qnal," 'Elm!! s.ays.... . . _.,',.' . _ .: .," _, .", " l.,.! ," . , Sam:p(~:copyfor l$dow bubbies: . '. · MagnmcatCafe- ''Rem men eat quiche. It;s the best in town." .. . .. · Hemming Plaza Jewelers - "Come rock out!" · Wyndham Hotel- "Sunrises on the river are so beautiful, you'll beg for a wake-up call." · Gus's Shoe Shop - "Saving your soles Mon.,. day thru Saturday." '11 ) Taking it to the streets - literally Speaking of shoes pounding the pavement, "we also have bubbles on the sidewalks. They're large, 3' x ~', We can.put them onvehical concrete surfaCes as well," Elms . says. . The big street bubbles are made of outdoor, non- slip, adhesive material designed for this purpose. They should hold up for at least six months. The sidewalk bubbles contain fun facts, history, directional signage, gener- al promotion of downtown dining and services, and references to downtown's social media and mobile websites. Again, the bubbles are written in a way that is meant to ~ .(X):Q.versational and fun -'-if you w~re wa1kit1g.doWntown.with .... "'.- someone who knows down- town,what would they share with you? ) r December 2009 There are 150 bubbles on and along sidewalks, which cost about $75 apiece. They were tested and installed in partnership with the City; Sample copy for sidewalk bubl>.les: ..' . · History.~ew City Hal1A,nnex}"pesigned ~y Henry Klutho In 1909, tl1ecity:s.' firstYJylq~ f~~ a p~ol, in the basem~n~.A centuiy later, it made a: , splash again. as the City ,!Jall Annex,';' (Friendship. Fountain) "She said yes! Friendship Fountain- inspiring proposals since 1965." .' '~;=':':I ~~'~'-" ' ~~'.'. . " :' j!:' " ..--. - Downtown Jacksonville's uexplore the moreU campaIgn uses bubblescisitSc~lIingcard. COIn'pOlg"ii ': ,. elements include: top, a new logo and a mobile website tailored for"smartphones; middle, dings and' . stickers for store windows and sidewalks; bottom, parking meter stickers, a brochure, and door tags. Downtown Promotion Reporter . www.DowntownDevelopment.com 3 · Retailers. ''Run your errands in one block and still have time for lunch. Upgrade cell phone (check). Purchase birthday gift (check). Pick up contact lenses (check)~" , · 'lnfo~atil;)n~,,''Where to go, when you're on thego.DTJAXorg" (Mobilewebsite). " . · WJl~diJ;J.g.(Off Main Street:bridge, a list of , sites with arrows) Friendship Fountain (arrow), Mar:-' itime Museum (arrow) Jacksonville Historical Center' (arrow) MOSH (arrow) Water Taxi (arrow). · Fun. (Main Library) "We've got more stories than the Sears Tower." (Any location) "1 love this town!" · Parking meter stickers. These small stickers, placed on about 700 meters, identify the ' downtown improvement district and promote awareness of the campaign as well as downtown's mobile web- site (see box, page 3). One thousand brochures, which cost $1 apiece to print, were mailed to all property owners. Prop- erty owners can request more from DVI for their leasing and marketing ,efforts, and a half-dozen haveaJready request~d the1Il' Door hanger post-it notes are an,other tool , ,',: ,', ' used to increase awarenes~among bll~inesses,and , " property pwners abouttbe services ,provided by DVI. Often, DVlcrewsare hard at, work when prop- erty and business owners are away or their business- es are closed. These post-it notes are an unobtrusive but noticeable way to inform business and proper- ty owners as good deeds are done for them. This clever idea was imported from the Downtown Vancouver Business Improvement Area. People are responding well Judging from the variety of requests from property owners and others that have come in to This window cling promotes a shoe store. ,the,DYI offices, thecampa,ign has ,made a positive impact. , "" ' , ' - . "Retailers call to~k49.w.w:e c~hylp,the1Il to ;'pamt a mural on tl;1e side of their bqiJcfu1g, if we have ,any more maps and, guides, or how, they can, become involved in our events," Elms says. What's more, the new brochure reminds proper- ty owners that DVI is invaluable to, them. "Where- as, up until now, we haven't really told our story or painted that picture in a concise and packaged way." The bubble has become such an instant icon in Jacksonville that DVI now has ahubbl~ logo. DVI's email updates have also received a facelift to corre- spond with the look and feel of the campaign. The press and general public love the campaign, too. "The telling part was when we were out in- stalling these," Elms says. ''Because, of course, the staff had to be out working with our sign company to figure out placement and direction." And local workers passing by greeted the DVI staff with enthu-" siasm and curiosity. The key quality of thecampaignthato1:h~r downtowns can learn from, she says, is that ',~it's Inultifaceted. It'saccomplishingIiu:rnero~s goals." , , - Contact: Pamela Elms, DoWntoWn VlSion inc., (904) 634- 0303 ext. 222, pamela@downtownjacksorwille.org. mm Campaign also has a business side , OI1,t4e~usiness ,'side of tbis campaign, Downtown Vision J.:nc. has developed a four-:page marketirig b:r:QChure, which touts ,the Nirtues. of downtoWn on one' side and the wide variety of services provided by the · improvement district on the other: The bubble theme is used throughout. "One of the things that we needed to do with the campaign was to communicate more with our proper- ty owners about when to use us, and the services we provide," Elms says. "Also, in researching for this campaign, we learned that neither our economic development com- mission nor chamber of commerce had a piece to market downtown with. There was nothing on just downtown Jacksonville." - So DVI developed the fold-out brochure to meet those needs, and provide property owners with something they could use in their leasing efforts. ''Property owners in particular needed something to go along with that one-sheet flyer on ,the space that they're try~g to lease, to showcas~e photos, of down- town,~d thetl.ringsthat are hapPening. And :al80, to sell ,the J~t tJIattheir property is within an improve- ment ~~st;r;ict, and clearly we, experience a higher: level of service in terms of clean, safe, and marketing downtown," she says. 4 -j Downtown Promotion Reporter . www.DowntownDevelopment.com December 2009 Branding/Supporting Merchants New downtown organization tackltts weak local awareness The Castle Rock (CO, est. pop. 44,370)Dowil- everything that downtown had to offer. They would' town Development AuthoritY formed in November come to dowIitown to go the'library or to the post 2008 after,doWIltoWIl voters selected in favoNlfits office, the two rnainreas6ns:.But1:heie's~iofniore' creation. While public sentiment-was favorable to happening here. So we reaIiZecf\iveneedec1 tb@ucate forming the DDA,the organization quickly recog~ people; and inform them about aI1the differeritb1isi~' nized a lack of knowledge about downtown events nesses," says Angela Copeland, marketing director, ' . and businesses, even among the town residents who for the Downtown Development Authority. frequent the nearby library and post office in droves. "Castle Rock had a lot going for it So creating a strong brand identity when we arrived. They had considerable for downtown has been an early public support, strong partnerships, and focus area for the DDA. several popular destinations already in Since the DDA was formed just place downtown. A big antiques mall is over a year ago, it's created: a regional destination. There are sever- e A first-ever logo for doWntown al high-end restaurants, and a number and the tagline, "Meet Me At The of popular downtown events. The Rock." The logo and tagline appear library and the post office were really on drink coasters at all downtown big draws - something like 25,000 restaurants and bars, as well as book- people per month go to the library," marks at the library, the town's top says marketing consultant Hilarie attraction. It reflects downtown Castle Portell, principal, Portell Works. Rock's "small-town charm with urban "Survey research indicated that flair" brand identitY. communitY members like haviftga eAwell-produced website and ,.... . downtoWn. They moved to the area' newsletters that inform area residents . Cas~e Roc~ PDA's holiday n~wsle~er: beCause it felt like a>small town{but... about what downtown has to offer. The singh~' sheet, they wanted'suburbari amenities and better proximitY quarterly newsletter is inserted in homeowner associ- to their workplace. They came downtoWn a few times ation newsletters as well as the local newspaper. The a month, but didn't tend to shop around once they got newsletter covers downtown businesses, as well as there," she says. events downtown. Beyond awareness, there are two other challenges e Lamppost banners that inform people about that these marketing efforts are addressing: what downtown has to offer, and demarcate the e Giving people reasons to come downtown pedestrian-oriented core. The banners read either: despite convenient, ample access to retail elsewhere. Fashion, Dining, Wellness, Home Decor, or Events. The DDA's periodic newsletters, roster of events, and So as motorists pass down the :rruiin street, they get a website all serve this purpose. sense of the variety of businesses and things to do in e Two long arterial streets through downtown downtown Castle Rock. encourage a "drive-through" effect for motorists. The goal of all these efforts is promote better use The lamppost banners, improved highway signage of downtown by local residents - to familiarize approaching downtown, and upcoming crosswalks more of them with downtown businesses and events. that are currently being designed will all mitigate this. "One of the things that we realized when the The "Meet Me At The Rock" tagline, Portell DDA was first formed is that residents didn't realize says, is tailored to entice the target market of subur- banites and former city dwellers who now live qUiet lives within five',mIes of downtown to'reconneCt-with their lost sense of urban cool, "that taste of urBaJ:iltY:'., . . ' . Cont~ct: Angela Copeland, . Castle RockDoWnioWnD~el~ opment Authority, angela@downtowncastlerock.com, , Hilarie Portell, Portell Works, hilarie@portellworks.com. nmJ 'I . Web Extras To view the current DDA 'newsletter, visit www.DowntownDevelopment.com and click on Web Extras. ..-;::::.. :::;::::::: ==-:::::. ~.::::: - -== ~j December 2009 Downtown Promotion Reporter . www.DowntownDevelopment.com 5 looking Ahead ... to June Get ready to celebrate the approach of summer, and other traditionc~dJuneevents lik~ LEON and springcle~ning 150 booths, food, three entertain- ment stages'with over 30 per- fo'rniing. arti~ts~ the' Midnight Sun Baseball Game, which begins at 10:30 p.m. when the suri. sets and ends as the sun rises. And, of course, there is shopping under the midnight sun as downtown stores stay open late. · Green Event. Other summer solstice celebrations have a decid- edly environmental bent. Blacks- burg, VA, celebrated its second annual Summer Solstice Fest in 2009. The event was recognized by the VIrginia Department of Environmental Quality as a green >;.event. ro qualify, ,. all, event. ~as tq pUl>lic.ly ,offe~recy- cling to attendees, eliminate the use of styrofoam, reduce the use of printed materials, reduce the amount of waste produced by the event, and advertise that it is a green event. It's ,;.-'t an opportunity to protect the envi- ," ronment and gar- ner some added publicity at the same time. · Recycling. The Downtown Delmar Village Association in CalifoJ,JIia, . launched its downtown recyclingprQgramin conjunctiQn ' with its Summer Solstice event. The first phase of the program In aninterestingjuxtaposi- tion this nionth, downtowns will. be welcoming summer with summer solstice events and also celebrating the half-way point to Christmas with lots of win- tertime activities. Summer Solstice In the Northern Hemi- sphere, the Summer Solstice, or as it is more commonly known, , the first day of summer is on June 21, 2010. And there are lots of opportunities to kick-off the summer season downtown. Some of the more popular summer solstice events focus on ~,Ja,rnily, '.. community, and environmental awareness. : .;:': '-:-:; .... : "::::-':-':: .:i::;_:.....:-:.. :-i'J'>:'_>:--,'_";,: :> A~cither'$DCJYevent to !serV~ the cornm~nity . . iNQWinits ~oth y~cit,Recil . i,Men Coobs an annuol .,..' . . 'I Father's Day celebration feator- i ing menvolunteerine to cook " t for and serve. thecomml1riily. ' jTicket$ales are ,used to raise, . . i . 'money, which 'helpssuPPQrt" . ! . ,pdrtnering :!1()t-fQr~proHtorg(l.oj~ , ; 'zations. Over adozeriofficidl. . !:~::_;.',:_,-::,:' :<'-::'__~_:': :"0:',; :_, :,__,._,_:, ,::-:',:'~": '~-"",>>::-':,:-:>":,<:<_: i~venl} Qre held in mc;tjor: m~trQ- · .. I ~PQJjtqnoreqs in cQIlj1,lnction [withthe sponSorl ReqlMen .' iChariti13~' while smaller} ina~ I'. pendent events are olso held .. [.,aroundthe country. ....... . r iLeqrn m~r~ at http://W\IfW;r~~ i.li!encoOk.comlindex:hfml i- . . L~""L:..;.,c.;:::;":.:.,~.:;,;';.;.'(:;;;:;;1",,,,,,,,,;,,~.L,.;:;'~:'::,~2;;.;,,;;;<,,::'~~~..<.:;lL-;::.:,.:~;d · Midnight Sun. In Fair- banks, AK, the spring days are long - reaching just over 21 hours during late June. To take advantage of the midnight sun and welcome the summer, the downtown asso- ciation hosts an annual Mid- : night Sun Festival. It is i Alaska's largest single-day event, which lasts 12 hours , and attracts thous~ds of visi- . tors; Highlights include over 6 '\ '. involves using temporaiyrecy- cling containeis, the second phase will see a move to pemiarient con- tainers for trash and recycling~ And the third phase involves a recycling education program for downtown businesses. Six months until Christmas A flurry of articles in the national press this summer focused on several of the major retail chains' efforts to promote Christmas in July events. In the hopes of improving lack-luster sales during the summer months the likes of Kmart, Sears, Toys "R" Us and others tried this approach. The debate raged about whether this was an inspired or '. . a desperate move. For many' doWntowns, however, it is a time- honored tradition. And there's. even a special' day to celebrate called LEON (Noel spelled back- wards) that falls on June 25, six months between one Christmas and the next. · Non-Profit Row. The 23rd Christmas in July Festival was held in West Jefferson; NC; in the downtown arts district. The annual street festival features handcrafted arts and crafts, local and regional music, children's activities, local food specialities and a non-profit row. · Outdoor ice-skating. Downtown Livermore, CA, cele- brated.LeononJuly 24;.25 and 26, 2009. Highlights:of ,the event include outdoor ice~skating, on a synthetic rink, outdoor screenings Downtown Promotion Reporter . www.DowntownDevelopment.com December 2009 CI' ,r' F t' l ln$tma::; ;:1 f',jt\L~ tJjj rVC{ /C 'j of holiday movie favorites, and an appearance by Santa in shorts and a Hawaiian shirt. Merchants are also in., volved, offering special Christ- mas in July deals. But you won't find them marking their doors with traditional holiday wreaths. For this event, participat- ing merchants hang Summer Tube Wreaths. · Maps and coupon books. They were spreading Christmas spirit during the summer months in Glendale, AZ, too. Guests can start their day at the Glendale Visitors Center, which distributes maps to participating stores and coupon books, along with gift bags for.the first 500 visitors: Guests can then travel throughout the downtown in air-conditioned comfort all day, courtesy of the Glendale Express Shuttle. Many shops and restau- rants in the area are decorated for Christmas, playing holiday music and offering discounts on decora- tions and gift items. ''Last year, Christmas in July was one of our most successful promotions and ' we've been looking forward to it all year," Lorraine Pino, Glendale's tourism manager told The Arizona Republic. Spring cleaning June is the traditional time for community clean-up cam- paigns. It"salso timely to remind downtown business oWners to spruce up theii storefronts. The Downtown Paso Robles (CA) / December 2009 Main Street Design Committee, sets aside time on an early Satur- day morning to rally all business owners to . . cleanup. The event starts at,8a..m. an4 busi- . ness owners are'remind- '. ed to look their best by taking care of the fol- lowing in preparation for several upcoming summer events: · Clean barrel planters, add plants .. Wash windows · Paint front doors · Put up new spring flags (available from the main street organization) · Sweep storefront area · Clean awnings · Mulch or plant around trees · Clean gutters and sidewalks · Pull weeds and remove litter, back and front. Uttle League season gets underway The start of the little league baseball season is noted in many communities with the traditional little league parade down main street. In Boonton, NJ, hundreds of children who play in the tri- town' league airive downtown accompanied by parents and coaches. The parade winds its way down main street, ending in a park where the hungry athletes enjoy, what else, hot dogs, soda and pop- corn. Other towns like Carlisle, PA, welcome their victorious players with. a parade through downtown: Carlisle recently cele~ brated advancement into regional playoffs forthe Little League World Series. m:mJ o . o . . o o . o o o .', .. o o . o . . . . - . -" ,,~, :::-; o ., o o :.>" .:.;., . ,<, ' . . o . ' .-'- , o . " o : " . o o o . . . o o o o . o . .~ ~~l C! June is Ii .. ,,'<: ',.: :'. -"-"'- ,', . ..First week . Fishing Week .....: ~~: t'r~4: ~':l, ,: , ,:'." c'- ',. ,', .... . Second Week '. i UttIe leagu~ 8QsebaU Week . National Rjver CI~riup Week ~::'::_)._<" ',: - : c. " ',' _,- , _ ,':' ';;,'-<>---,.::_;-:':::"--,;..,'-.:<::;'>,',: ._---::>;::.,;',,'..: .- .c........',,,c.,_-..'.o~-.'-.o.:.._._.,__."-.'"_.,.._......._"'_.o_.~__~_____n..____ June 6 National Cancer Survivors Day D-Day Anniversary (Allied invasion of Europe, 1944) June 7 . First day ice cream was so"ld in . , the U.S; . o o o o o . o o o o o o . . o o ... June 14 Flag Day (Anniversary of adopting the U.S. flag in 1777) June 14. June 18 ~ Take Your Pef to Work Week June 20 Father's Day June 21 Summer Solstice (First day of summer) , . June 25 '. . LEON Day .' (Six months u'ntil Christmds) Downtown Promotion Reporter . www.DowntownDevelopment.com 7 Good practices for any and every kind of event "You know how in a lot of 'Taste Of' events, you go to one location, and there are 30 or 50 restaurants there? Well the way we do it is, :w~ actually pair one restaur@Lwith one retaijeJ;, for 9Q~IIigl1t, the first Wednesdayofeyery JUll~," :Butler says. For example, The Saffron Bistro, which serves "Am~rican Ecleeticcuisine with an emph~is on local organic ingredients," may be paired with Bippity Boppity Baby, an infant boutique a few doors down. "For three hours, they'll serve food samples from there, and people buy tickets from us prior to ,the event, which almost always sell out," she says. Tickets are either $35 or $40, depending on how far in advance they're purchased, and allow access to about 25 locations. Each store hosts a dllferent restaurant and stamps tickets at the door. Entertain- ment is set up in about six of the locations, and some businesses add wine or beer sampling to the mix. "It's a lot of fun. It's a huge hit around here," she says. "That is one event that you do have to keep within a walkable range. You lure people into the stores with their love of food," and a good many of them find or rediscover pla~s t() shop. ' ,Great American Downtown pairs up the restau..; rants and retailers, and attempts to match clientele while rotating the teams each yeat. Between $3,000 and $4,000 is spent annually in marketing the event, which is a major fund-raiser for the organization. This year was the first time that tickets did not sell out. About 100 fewer tickets were sold than normal. Even so, the event still made about $22,000. Thste of Downtown Nashua has worked out so well that downtown Nashua introduced a second annu- al restaurant event last October, Fall Feast Week, which offers three-course prix fixe dining at a good discount Monday through Friday nights. The idea has also been exported to nearby Manchester (est. pop. 108,600), where the Intown Manchester BID has been running "A Taste of Downtown Manchester" for several years. "Restaurant weeks themselves have just been tremendously successful with cities that bave really strong dining scenes. And downtown Nashua is espe- ci@y kIiown for its dining sC,ene. So it rrulde sep,se, when we W8.1lte4 to add some new events this year, to ' add a restaurant w~lc," :Butl~rsays. ',' ",' ',' Come up with catchy names. "We wanted to come up with a catchy mime so that we weren't just, saying, 'Downtown Nashua's Restaurant Week.' I've 8 (Continued from page 1) found in the past that coming up with a more catchy name gets you a little more publicity," Butler says. "In one of my, old jobs, we had a concert series at noon thatweused,tp run. The 'first year, we called it 'Noontime Performances;' ,and we got some publicity out of it. The next year, we ,renamed it'Buskers on, the Bricks;' and I got a ton of publicity out of it, because no one knew what a busker was." Still, while the name should pique people's curiosity, it shouldn't be cryptic or hard to under- stand. "When people hear 'Fall Feast Week,' the word 'feast' makes them think of food or dining," she says. Ease the workload through partnerships. Downtown Nashua has about 60 eateries, and 17 resta~ts took part in Fall Feast Week. "This is a really simple and easy promotion for the restaurants to do. We schedule it, we reach out to our restaurants to find out who's interested, and find out what they want to offer. 'We partnered with a beer distribution company, which scheduled beer tastings with many of our restaurants on their own. Some of our restaurants also organized their own wine tastings. Then we also part- nered with an entertainment coordinator who worked, ' out a deal with sollie of the restaurants to get enter:- tainers at a really low cost," Butler says. "Sometimes we take care of those things our- selves. But right now, we're in a crunch, with our biggest event of the year 'coming up. So there are times when it's easier to farm out that responsibility to someone else. And it didn't cost us anything to have this guy coordinate entertainment for the event." Restaurants love restaurant weeks, she says, "because they don't have to leave ,their location, they choose what they can afford to do, and it helps bring them business on the nights when they're typically slower." The first Fall Feast Week went from Tuesday through Monday, and Great American Downtown accommodated the restaurants' requests after that to shorten the event and not extend it to Saturday and Sunday nights, when they're typically busy or closed. Make friends with the mall. In promoting Fall Feast Week" Gt-eat American Downtown purchased online advertising and utilized its website, Facebook, . . - . - . - . - . and themailiJJ.glists of all participating downtown restaurants. "Some of them have massive mailing lists. One of \', 'I, , ,j' Downtown Promotion ,Reporter . www.DowntownDeve/opment.com December 2009 our downtown restaurants has 10,000 subscribers to his e-blast. So with everybody working together to help promote the event, it doesn't have to be a big, expensive advertising campaign," Butler says. All told, downtown spent only $500 in marketing Fall Feast Week; "The funny thing that we did is ' some advertising with the mall, on the other side of town," Butler says. That wilikely partnership worked out "pretty well, and was very inexpen- sive! That mall gets so many people," she says. "We utilized their leader boards, or signs that are lit up at the entrance to the mall. 1 can't even fathom how many cars drive by those signs. For us to be able to use those signs was tremendous. And for them, the way this year has been with money, they reduced their costs. It's normally $400 per week, and it dropped down to $100 to be up on that. And we only had to share the space with three other "Taste of Downtown Nashua" cross- advertisers. promotes stores and restaurants. "So it was tremendpus. We were hitting another market of people. It wasn't just seen by people entering the mall, because it's right on the main drag where our mall is. So we were hitting a whole slew of potential diners that maybe only drive by that area. For an event like this, where we didn't have the marketing budget that we tend to have for some of our larger events, we had to get more creative." Negotiate fees to lower production costs. Downtown Nashua's other major fund-raiser, since 1993, is its Wmter Holiday Stroll, a free event which attracts close to 30,000 people from across New Eng- land, including many from neighboring Massachu- setts, four miles away. Shuttle parking is used to accommodate all the attendees. The evening kicks off at 5 p.m., with a quarter- mile, candlelit walk of thousands from City Hall down to a square where the City's official Christmas tree is lit. Much of the downtown is closed to traffic for the evening, allowing strollers to wander to art performances, sample offerings from. street vendors, dineinfinere~taurants;and do ;holiday shopping. In front of the bank, there;s also a charity drive, where people can drop off items such as canned goods, disposable diapers, and new, unwrapped toys for local charitable organizations. The event features 40 performers at about 20 venues - churches, banks, and other places that can hold large numbers of people. ''We program those with entertainment until about 10 o'clock at night," Butler says. The Wmter Holiday Stroll raises moiieythrough sponsorships; a new beet garden that, was added lastyear~ and a raffle.' ''Last year, we raised $17,000. Our goal this year is to raise $20,000," Butler says. Usually around $6,000 to $7,000 is invested in marketing the Wmter Holiday Stroll. This year, Great Amer- ican Downtown did not meet its spon- sorship goals. Sponsorship fees totaled $20,000 versus $37,000 the previous year, which forced the group to cut about $10,000 in expenses. Pricey entertainment was the low- hanging fruit. Two years ago, the event's entertainment budget was about $18,000. Last year, it was cut down to $9,000, and this year, it-was trimmed to $5,000. ~'Basically, we've done that by. .. negotiating with people, sayingj~We really:need 'You to donate your perfo1'i:l1$ce, because this isa 'fund"":' ,~ raiserfor a non~profit.' There were people being pmd huge amounts of money to play in the past, when they were one of 50 acts," Butler says. "I used to book concerts all the time for the City of Manchester. I can't believe, when you're doing a fund-raiser and you have that many acts, that anybody should be making $1,500 to play for an hour. We cut way back in that area. ''We're very fortUnate that there are a lot of gener- ous entertainers and performers in the community and outside the area. And they know, it's a tremendous mar- keting opportunity for them, to be exposed to that many people. So most of our performances have been donated this year. And that helped us cut back on that budget. We've also negotiated for trades in other areas." The event's size and longevity makes it ~specially attractive to performing artists. Applications fromp~r7 formers for the WlIlter HolicIay Stro1i~ hel~ ~e.Sa~-', day a.fter Thanksgivirig~'statt arriving 'in April. This :. year, it attracted 70 app~cation~'for40 slots:,'" ,;,', Contact: Sue Butler, ExecutiVe Director, GreatAmerictin Downtown, (603) 883-5700, sueb@greatamericandown- town.org. mD Ka=_~fA_tMTGtlfIlf~ M:nllIAlslhe\!CGlld~lolldCI;Q~'~ Iilmal1lriT_~a~~fl)~.J;lle. ~~ot~Mtmt!tnllUflmta. kl:II4licfQr'I!dG4~~l~ Toa&.ftntbcr ~.~.IlA'p1Il:llGJ1lmBtitewotf=bI'Ip.,. Il:Ill:llrtllinIllJ'GllwaillftolllJtOreladoro..ADI1I411.4p-cqt 1l:f!1;l:ll~i:la:tbtt\:mll ')haU~.anour~~~tJi:ua_ ~~tri~ntdatltci:libat-~~Il HllaIe'IlI:caf.fDIn'IIIG.l;GEFbrlW'.~~~~ a.bJ.~autts.~miCir.~~ JaitUJlltt.a~ICertIJU.rlm.AAlt'I:StIRI:...~ Bleu.I#edlI:lIIClfI'.1lIldTbriNalla~. : ~ .-1 .. - -- December 2009 Downtown Promotion Reporter . www.DowntownDevelopment.com 9 Tourism Multi-generational travel opens opportunities for downtowns Downtowns should ,always capitalize on whatever opportunities may, exist to attract tourism. To learn . what .opportunities are emerging for smaller dowp.- toWns, Downtown Promotion Reporter recently'spoke with Peter Yesawich; chairmahand CEO ofYpartner~ ship, an Orlando, FL-based marketing firm specializ- ing in hospitality and tourism. Multi-generational travel is on the rise The standout trend is that extended families are increasingly traveling together, and bringing the little ones along. "Travel with children is the only form of travel in the U.S. that has really demonstrated any significant growth in its incidence in the past five or six years," Yesawich says. "Among adults in the U.S., back in 2000, rougWy one out of four reported to us that they had taken at least one vacation with children in the last year. That number is now up to over four out of 10 - so there's been a pretty dramatic increase in the percentage of adults ~at are travelling with kids," he says: ; ''Wl1.at's fasc~l;lt~gab6ut that is that chil~en reside in oilly rougWy one third of households ill the U.S:Sowhenyou'reconCile the foUr out ofJ.O adults travelling with kids, but only 'one out of three house- holds with kids, you immediately discover that there's a wonderful new market emerging - and I would think that this would be great for small towns - it's multi-generational travel. "It might be mom, dad, the kids, and grandma, all traveling as one unit. Or increasingly, what we see is the grandparents who are taking the lead. So it might be grandma, grandpa, mom, mayhe dad's staying at work, and granddaughter. "That's important because about one third of all of the people who travel for leisure in America today have reached the life stage where they are grandpar- ents. And rougWy three out of 10 of those took at least one trip with their grandchildren last year. Related travel trends are higher incidences of people who are driving as opposed to flying to their ~estinations, and who are traveling despite a more ~odesthpN~ehold lncQq:le. ' The multi-generational family market should also',' he of interest to small downtowns, Yesawich says, because the kinds of attractions typical in small-town destinations are different from those that people find in larger urban centers, which appeal more to older and more' affluent travelers. Another advantage of' sniall downtowns is the perception ofsafet}rand secWity, which is a top concern for families traveling with children. "So to me, it would have -all the right signs. And the good news is that it's a rapidly growing market because of the aging of the U.S. population," he says. Tips to better attract travelers to downtown Once we know who we're marketing to, the other piece of the tourism puzzle is finding the right mes- sage a.n,d medium. Yesawich offers the following tips to attract more travelers downtown. 1. Keep website content fresh. "The primary marketing medium for small towns is going to be their web site. So I would encourage any destination to not only have one, but importantly, keep the con- tent fresh," he says. 2. Link to all downtown businesses from the destination website. What's more, "smal1etbusiness- es in those small towns should all be linkedto'the, destination w.ebsite. Because the traffic that is gener- , ated by those sites can be very instrumental in driving traffic to their businesses." 3. Partner with the local chamber or visitors bureau, or start one. There is strength in the consol- idation and coordination of collaborative efforts. A strong central promotional organization will avoid the biggest oversight destinations make in marketing, which is a lack of coordination. "Try to inventory all the interesting things there are to see and do in a des- tination, and make sure that those are presented in an attractive, compelling way:' he says, because on a lit- tle marketing budget, "every dollar is precious." 4. Market to a tighter radius. "As vacations get shorter, the effective radius for marketing the des- tination tends to contract. A four- to six-hour drive radius is generally the outside edge of that. So con- centratemarketing efforts within that drive radius. The .reason for that is the most popular form of vaca- tionin;theU.S. today is still the' weekend trlp,(four' nights or less. Try to cultivate that business a little . closer to home, as opposed tovehturing off to more distant markets." Contact: Peter Yesawich, Ypartnership,www. ypartnership.com. mim 10 Downtown Promotion Reporter . www.DowntownDevelopment.com December 2009 ? fj lQ X:( e L~.,". ~ ................................................................................ '\ Enioy a great walk In 27 Mississippi towns and.. : cities lots of people wentwalkin' down their main streets on Satur- day, October 31. These strollers were participating in the second annual ''Let's Go Walkin' Down Main Street Mississippi," a state- wide, downtown-focused event. The annual hike is sponsored by the Mississippi Main Street Association and Blue Cross Blue Shield of Mississippi. The two organizations share the goals of promoting healthy lifestyles and local economic development. While Let's Go Walking is a statewide event, the job of plan- ning and running individual walks is handled locally in each participating community. The sponsor sayS the walking route should be no more than one inile in length. And they supply a lim- ited number of T-shirts on a first- come first-served basis. After that it's up to each community to organize and run their event. For additional information visit www. letsgowalkinrns.comlwelcome.html. Downtown dining event The city's web site is a high- impact spot to advertise an event such as Downtown Dining Week in Joliet, IL. In this popular event, diners are invited downtown for a prix fixe meal. The price is typi- cally based oil the current date $20.09. The date of the city's fouriding $18.76. Or some other memorable date. In Joliet's case an even 10 bucks is all it takes to enjoy dinner downtown. Accord- ing to the Joliet Visitors Bureau, December 2009 participating restaurants noted a . 40% increase in business during . the promot~.oIi. (See more on "din:.. ing yveeks onpage one.) Ride the Easter Bunny express Once a busy rail center, Dan- bury, CT, is now home to a small number of train trips but it still has an extensive rail yard, a his- torically refurbished station, and a collection of 70 pieces of rail- road equipment. And, it's all right on the edge of downtown. The area is now the Danbury Railway Museum. It attracts visitors to see the station and trains and to ride through the six-acre rail yard. The museum also hosts holiday and seasonal events. For example, last Easter they rolled out the special Easter Bunny Express. Kids under two rode free, anyone over two paid $8 for the trip. Children met the Bunny and enjoyed small gifts to take home. Over a four- day period the trains ran every half-hour from 12:30 to 4:00 p.m. Children and parents can also enjoy other activities in the sta- tion and aroUIid the venue. Awards focus spotlight on downtown Awards given by the down- town organization to businesses and individuals make a great vehicle for spotlighting down- town. Here are award categories from Several downtowns: Green business of the year, Professional of the year, New business of the year, Non-profit of the year, Cultural group of the Please startlrenew my one- year subscription to Downtown Promotion Reporter for $197.* NAME TITLE ARM/ORGANIZATION ADDRESS CIlY STATE ZIP PHONE FAX EMAlL N16 . ~ MAIL: 712MalnStreet....SuIW 1878 . .. BOonton, NJ 07005-1450 . .. . jJg FAX: . (973) 402-<<156 II PHONE: (973) 265-2300 @ EMAIL: Info@DowntownDevelopment.com . North America, $197. Elsewhere, $227 (Includes alrmaII delivery). Downtown Promotion Reporter . www.DowntownDevelopment.com 11 ............................................................................................................................... -... \ LB year, Business expansion of the Year, Member of the year, Innov~- tor of ilieYear~ Entrepr~neur of the year ... and the list, goes oJ,1! 4>ts of publicity can be generated by the announcement of the awards, the naming of judges, and more, all of which leads to the climactic naming of the winners. Awards breakfasts, luncheons or dinners provide outstanding vehicles for dispensing honors and garnering top-media coverage for downtown. New logo? Avoid grief. Check the trademarks Before selecting a logo or tag line, pass it by a trademark lawyer. The attorney can easily ,and relatively inexpensively run a search. This\vill n~vealboth~iact and approxiIDai~ marksm us~_ py 'others. The search should coyer both registered and non-registered marks. If the logo or tagline is already in use, the attorney can recommend next steps. !> National Film Board Virtual Global Task force Parkers get a gift In preparation for a bustling holiday season, the City of Fred- ericksburg, VA, has extended the two-hour parking time limit on downtown streets to four hours. The change was made a~ the request of Downtown Retail Mar- keting Inc. in a bid to encourage shoppers to spend more time downtown. " ) Pop-up stores becoming more aHractive to ' landlords Hope Consolo, chairman of Prudential Douglas Elliman's retail leasing, marketing and sales division in: ithe 'article. ''It makes malls and blocks look, well, less pathetic." "You go' up and down the street and think, 'What is this? It looks like a demolition project,'" says Consolo. "So part of it is the psychology." Cpnsolo, who calls the trend "pop and shop," says short-term leases that last tbr~ months or even justtwo years have become "more fashionable." It allQ'Ws brands and stores to test concepts and neighborhoods to see if they are good fits. Imm \'- While many landlords are content to keep their retail space vacant while they wait for the perfect long-term lease, others are becoming more open to the idea of short-term leases, particularly for the few months before holi- days such as Halloween and Christmas. According to a recent article in USA Today, the difficult economy may be pushing more landlords to explore this option, which can benefit the downtown area overall. ''There is a perceptual benefit ' to temporary leasing," says Faith 12 Downtown Promotion Reporter . www.DowntownDevelopment.com December 2009