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EDA Agenda 04-08-2015 (Workshop Meeting)EDA MEETING - WORKSHOP Wednesday, April 8th, 2015 4:30 p.m. Academy Room- 505 Walnut Street, Monticello, MN Commissioners:President Bill Demeules, Vice President Bill Tapper, Treasurer Tracy Hinz, James Davidson, Steve Johnson and Council members Tom Perrault and Lloyd Hilgart Staff: Executive Director Jeff O’Neill, Angela Schumann, Wayne Oberg 1.Call to Order 2.Consideration of 2015 Work Plan Goals and Objectives 3.Adjourn. 1 EDA 2015 WORK PLAN Purpose: The EDA is charged with coordinating and administering the City of Monticello’s economic development and redevelopment plans and programs. The EDA is also responsible for housing and housing redevelopment. Work Plan Mission Statement: The EDA’s 2015 work plan is adopted in support of achieving the goals of the Monticello Comprehensive Plan. The EDA will be proactive by developing and undertaking actions for achievement of the Comprehensive Plan’s Economic Development goals and will be reactive in responding to economic development opportunities as they arise in the most timely and effective manner possible. The EDA shall utilize the economic development strategies of the Comprehensive Plan as a guide for action. APPROVED DRAFT 2015 ACTION STATEMENTS: 1. Research for implementation the adoption of a 2016 EDA (and HRA) levy. APPROVED. 2. Research for implementation the use of tax abatement, including specific use criteria. APPROVED. 3. Clearly understand allowable uses of pooled housing increment as a financial resource, including amount, excess and possible identification of priority locations of use. TABLED 4. Continue to support redevelopment efforts for Block 34. APPROVED 5. Engage as a partner in other redevelopment opportunities as they arise, with a specific emphasis on the four corners of TH 25/CSAH 75; revise redevelopment policy accordingly. 6. Actively market industrial development at the Monticello Business Center (Otter Creek Business Park), actively targeting and marketing to businesses which will be a supplier, customer or collaborative partner to existing businesses within the community. 7. Encourage more proactive lead development and response in all market segments to support a diversified tax base. 8. Develop and re-establish a dedicated economic development staff position to facilitate and support the accomplishment of Comprehensive Plan goals. 9. Market EDA incentive programs in a more proactive and far-reaching manner. 10. Actively market for sale for development the EDA-owned properties at Cedar Street, 349 West Broadway and 413 W. 4th Street. 11. Examine housing stock for aging or blighted properties and research development of programs for redevelopment and/or revitalization. 12. Develop and tell the story of FNM as a means to support economic development as envisioned by the comprehensive plan. 2 ECONOMIC DEVELOPMENT STRATEGIES OF THE COMPREHENSIVE PLAN: 1.The City must use the Comprehensive Plan to provide adequate locations for future job- producing development (Places to Work). 2. The City should adhere to the Comprehensive Plan to encourage stable business setting and promote investment and expansion of facilities. 3. The City should coordinate utility planning and manage other development to ensure that expansion areas are capable of supporting new development in a timely manner. 4. The City will continue to work with existing businesses to maintain an excellent business environment, retain jobs, and facilitate expansions. 5. In addition to assisting business seeking to locate in Monticello, the City should actively target and market to businesses which will be a supplier, customer or collaborative partner to existing businesses within the community. 6. The City should target and market to businesses which would benefit from Monticello’s utility and communications infrastructure. 7. The City will work with the CentraCare Health System to ensure the retention and to promote the expansion of health care services in Monticello. 8. The City will use the Comprehensive Plan to maintain and enhance the quality of life in Monticello as a tool for attracting businesses and jobs. A. COMP PLAN GOAL: ATTRACTING & RETAINING JOBS Comp Plan Goal Statement:  Ensuring that there are sites suitable and attractive to potential businesses available and ready for development.  The community should continue to explore and establish partnerships with a variety of stakeholders that can work together to support business attraction and retention.  Identification of funding sources which may be an incentive for businesses locating in Monticello.  When available the City should participate in special tax zones that have been made available at the state and federal level to support business development and retention. Current Tools/Resources:  Staff  Market Matching 3  EDA Revolving Loan Program  MN Investment Fund  Tax increment financing  State sources  Initiative Foundation 2015 Actions: 1. Research for implementation the adoption of a 2016 EDA (and HRA) levy. 2. Research for implementation the use of tax abatement, including specific use criteria. 3. Continue to support redevelopment efforts for Block 34. TBD/Revised: 4. Engage as a partner in other redevelopment opportunities as they arise, with a specific emphasis on the four corners of TH 25/CSAH 75. 5. Encourage more proactive lead development and response in all market segments to support a diversified tax base. 6. Develop and re-establish a dedicated economic development staff position to facilitate and support the accomplishment of Comprehensive Plan goals. 7. Market EDA incentive programs in a more proactive and far-reaching manner. 8. Actively market for sale for development the EDA-owned properties at Cedar Street, 349 West Broadway and 413 W. 4th Street. B. COMP PLAN GOAL: EXPANDING TAX BASE Comp Plan Goal Statement:  All forms of development contribute tax base to the community. It is risky placing too much weight on one type of development for tax base growth. Diversify tax base. Current Tools/Resources: Market Matching EDA Revolving Loan Program MN Investment Fund Tax increment financing State sources Initiative Foundation 2015 Actions: 4 1. Research for implementation the adoption of a 2016 EDA (and HRA) levy. 2. Continue to support redevelopment efforts for Block 34. TBD/Revised: 3. Engage as a partner in other redevelopment opportunities as they arise, with a specific emphasis on the four corners of TH 25/CSAH 75. 4. Actively market industrial development at the Monticello Business Center (Otter Creek Business Park). 5. Encourage more proactive lead development and response in all market segments to support a diversified tax base. 6. Develop and re-establish a dedicated economic development staff position to facilitate and support the accomplishment of Comprehensive Plan goals. 7. Market EDA incentive programs in a more proactive and far-reaching manner. 8. Actively market for sale for development the EDA-owned properties at Cedar Street, 349 West Broadway and 413 W. 4th Street. 9. Examine housing stock for aging or blighted properties for opportunities to redevelop and/or revitalize; research program opportunities. C. COMP PLAN GOAL: ENHANCING DOWNTOWN Comp Plan Goal Statement:  Downtown is a special and unique part of Monticello. It merits particular attention in the Comprehensive Plan and in future efforts to achieve community plans and objectives.  Downtown is intended to be an inter-connected and supportive collection of land uses. The primary function of Downtown is as a commercial district. Other land uses should support and enhance the overall objectives for Downtown.  The City will build on core assets of greater Downtown Monticello as identified in the Embracing Downtown Plan.  A shared vision among property owners, business owners and the City is the foundation for effective team work and long term success.  A shared understanding of realistic market potential is the foundation for design and generation of a healthy business mix.  A safe, attractive human scale environment and entrepreneurial businesses that actively emphasize personal customer service will differentiate Downtown from other shopping districts.  Property values can be enhanced if property owners and the City share a vision for Downtown and actively seek to cultivate a safe, appealing environment and attractive business mix.  Housing in the Downtown can facilitate necessary redevelopment and bring potential customers directly into the area. Housing may be freestanding or in shared buildings with street level commercial uses. 5  Downtown is the civic center of Monticello. To the degree possible, unique public facilities (such as the Community Center, the Library and the Post Office) should be located in the Downtown area as a means to bring people into the Downtown.  Downtown should emphasize connections with the Mississippi River that are accessible by the public.  Downtown should be a pedestrian-oriented place in a manner that cannot be matched by other commercial districts.  Downtown should have an adequate supply of free parking for customers distributed throughout the area.  The City and business community must work actively with MnDOT to ensure safe local access to business districts.  Public improvements to provide services or to enhance the Downtown environment. Provision of adequate parking supply.  Acquisition of land.  Preparation of sites for development.  Removal of other physical and economic barriers to achieve community objectives. Current Tools/Resources:  Staff  ReSTOREing Downtown  TIF  Land  Tax abatement 2015 Actions: 1. Research for implementation the adoption of a 2016 EDA (and HRA) levy. 2. Research for implementation the use of tax abatement, including specific use criteria. 3. Continue to support redevelopment efforts for Block 34. TBD/Revised: 4. Clearly understand allowable uses of pooled housing increment, including amount, excess and possible identification of priority locations of use. 5. Engage as a partner in other redevelopment opportunities as they arise, with a specific emphasis on the four corners of TH 25/CSAH 75. 6. Encourage more proactive lead development and response in all market segments to support a diversified tax base. 7. Develop and re-establish a dedicated economic development staff position to facilitate and support the accomplishment of Comprehensive Plan goals. 8. Market EDA incentive programs in a more proactive and far-reaching manner. 9. Actively market for sale for development the EDA-owned properties at Cedar Street, 349 West Broadway and 413 W. 4th Street. 6 10. Examine housing stock for aging or blighted properties for opportunities to redevelop and/or revitalize; research program opportunities. D. COMP PLAN GOAL: FACILITATING REDEVELOPMENT Comp Plan Goal Statement:  The Comprehensive Plan seeks to create a place where land use plans, policies, and controls work together with private investment to properly maintain all properties in Monticello. It is recognized that this approach may not succeed in all locations. Despite the best plans and intentions, properties may become physically deteriorated and/or economically inviable. In such places, city intervention may be need to facilitate redevelopment and prevent the spread of blight. o Acquisition of land. o Preparation of sites for development. o Construction or reconstruction of public improvements. o Provision of adequate parking supply. o Remediation of polluted land as needed. o Removal of other physical and economic barriers to achieve community objectives. o These actions may require the use of tax increment financing, tax abatement, Current Tools/Resources:  Staff  ReSTOREing Downtown  TIF – Redevelopment; Renovation & Renewal  Land  Tax abatement 2015 Actions: 1. Research for implementation the adoption of a 2016 EDA (and HRA) levy. 2. Research for implementation the use of tax abatement, including specific use criteria. TBD/Revised: 3. Clearly understand allowable uses of pooled housing increment, including amount, excess and possible identification of priority locations of use. 4. Continue to support redevelopment efforts for Block 34. 5. Engage as a partner in other redevelopment opportunities as they arise, with a specific emphasis on the four corners of TH 25/CSAH 75. 7 6. Develop and re-establish a dedicated economic development staff position to facilitate and support the accomplishment of Comprehensive Plan goals. 7. Actively market for sale for development the EDA-owned properties at Cedar Street, 349 West Broadway and 413 W. 4th Street. 8. Examine housing stock for aging or blighted properties for opportunities to redevelop and/or revitalize; research program opportunities. Housing & Redevelopment Authority E. COMP PLAN GOAL: HOUSING Comp Plan Statement: Provide a range of housing choices that fit all stages of a person’s life- cycle The Comprehensive Plan recognizes these differences and seeks to create a balanced housing supply that encourages people to move to and stay in Monticello. This balance may not be achieved solely by market forces guided by this Land Use Plan. Actions by the City may be needed to promote the creation of housing in underserved segments of the market. Current Tools/Resources:  Staff  TIF – Housing  TIF – pooled increment  Land Actions: 1. Research for implementation the adoption of a 2016 EDA (and HRA) levy. 2. Clearly understand allowable uses of pooled housing increment, including amount, excess and possible identification of priority locations of use. 3. Continue to support redevelopment efforts for Block 34. 4. Develop and re-establish a dedicated economic development staff position to facilitate and support the accomplishment of Comprehensive Plan goals. 5. Market EDA incentive programs in a more proactive and far-reaching manner. 6. Actively market for sale for development the EDA-owned properties at Cedar Street, and 413 W. 4th Street. 7. Examine housing stock for aging or blighted properties for opportunities to redevelop and/or revitalize; research program opportunities.