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6.4. EDSR 03-17-2014 City of Elk - Request for Action River O. To Item Number Economic Development Authori 6.4 Agenda Section Meeting Date Prepared by General Business March 17, 2014 Jeremy Barnhart,Deputy Director, CODD Item Description Reviewed by Introduce Comprehensive Plan Reviewed by Action Requested Receive Comprehensive Plan overview. Background/Discussion In May 2013, the city began the process of updating its plan with the formation and monthly meetings of a Citizens Advisory Committee (CAC). The CAC,representing the various boards, commissions, and City Council, as well as Sherburne County and the Chamber of Commerce,met and discussed appropriate updates to the plan. The CAC also hosted two open houses, one in July and one in December. Through this process,a draft plan was developed for review. A copy has been posted to the city's website and the land use maps were published in the Star News on March 8, 2014. The public comment period opened at the Planning Commission on March 11 and is expected to close at the City Council meeting on April 21. The Comprehensive Plan includes chapters on vision,land use, transportation,housing,utilities, environmental resources,parks, community facilities, community development, and community image. A brief description of the chapters can be found on page three of the document. The Comprehensive Plan incorporates recently approved plans,including the Mississippi Connections Downtown Plan (2012), the FAST study (2010), and the Highway 10 and Highway 169 geometric studies (2008). In addition,the major changes of the plan from 2004 include: • Commercial Reserve (Development) Reserve is expanded to include the mining area west of Highway 169. • Commercial Reserve along Highway 10 on the east side was removed,in favor of highway business, mixed use, and open space. • Wetlands and the floodplain are shown on the land use map,in part to establish expectations early in land use decision making. • The Elk River Gun Club is shown as open space, similar to the designation for the Elk River Golf Course. • The urban service area is expanded to include residential properties along Yale Street and 175"' Avenue. This allows for planning for eventual expansion of the water and sanitary sewer system. • City-owned land north of the Youth Athletic Complex is guided for industrial uses, from rural residential uses. pawIRI1 0 NaA f RE] Chapter 12 is attached; a full color version may be found on the city's website by searching Comprehensive Plan and clicking on "Comprehensive Plan Update." The document is formatted to provide background,general information,goals, and vision. Each chapter closes with implementing a strategy to complete the vision. The EDA is asked to review the document,in particular Chapter 12 as it deals with Community Development. In particular, are adequate industrial/ commercial growth opportunities identified? Opportunity to discuss this and other questions will be provided on April 21. Financial Impact None Attachments ■ Chapter 12, Community Development N:\Departments\Community Development\Economic Development\Council HRA EDA Items\2014\3-17-14\6.4 sr Introduce comprehensive plan.docx E 1W Elk River comprehena a Plan River 1 r c c� �JGvY 0 �. Introduction CD `t Communities with strong economies have the financial resources ' necessary to support the services that their residents need and rh L desire. However, sustainable communities recognize that community development is not simply about increasing the financial resources of the community; it is not simply about promoting businesses and industries that will create more products and deliver more services without regard to the natural and social environments; nor is it simply about increasing the financial wealth of individuals. Rather, community development in a sustainable community is about bringing together social, natural, and economic resources to sustain the "whole" community. Chapter 12: Community Development 1 123 Elk River Cornprehens,a P!�n The community development section is, to some degree, the sum of all the other parts in the Comprehensive Plan. The process of discovery that is required to complete the Comprehensive Plan provides a basis for current and future City leaders to decide things like what, if anything, should the City of Elk River do to help facilitate business and/or residential growth. In addition, this section aims to outline planning activities that should be undertaken in achieving the current economic development goals of the City of Elk River. One of the current goals of the City is to "foster a pro- business atmosphere that provides incentives and other opportunities for new and existing business growth". Three aspects of Elk River's future that require particular attention and action by the City include: Expanding the tax base Attracting jobs Encouraging redevelopment These actions remain the three key aspects for the 2013 Comprehensive Plan Advisory Committees. Expanding the Tax Base Property taxes remain the largest source of revenue for the City of Elk River. In fact, roughly three-fourths of the City's budget is derived from property taxes. While all forms of development contribute tax base to the community, it can be risky to place too much weight on tax base growth as a strategy. A lack of local control over the critical elements of the tax system is cited as the main reason for the risk. Chart12-1: Tax Base $30,000,000 $25,000,000 $20,000,000 $15,000,000 J 2010 2011 ■2012 $10,000,000 — ■2013* $5,000,000 — Gross Net Tax Less Captured Tax Net Tax Capacity Tax Levy Capacity Increment for Levy ($5,000,000) Source: City of Elk River, WS8 &Associates, Inc. 124 9 Chapter 12: Community Development El _ Elk River Comp eher�e�Plan River Chart 12-1: Tax Base, on the pevious page, shows a decline in gross net tax capacity for the City of Elk River since 2010. It also shows that even though the City was able to reduce the tax levy amount in recent years, the local tax rate increased from 44.56% in 2010 to 49.56% in 2013. According to the 2013 Budget, the decline in gross net tax capacity is mainly due to a decline in residential taxable market values, which dropped 13% in 2012. The taxable market values for commercial properties dropped .21% and industrial properties increased .38%. Seeking commercial and industrial development as a means of building tax base is commonly thought of as ideal since, historically, a dollar of estimated market value of commercial-industrial property carried a higher tax capacity value than residential property. Legislative changes to the tax system resulted in declining tax capacity values for commercial-industrial properties from 1997 to 2002. However, given the relative stability of the taxable market values for commercial-industrial properties compared to residential properties in recent years, it is clear that focusing attention on tax base growth as a strategy for commercial-industrial properties is a legitimate community development strategy. The disparity in declines in taxable market values between residential and commercial-industrial properties results in businesses taking on a larger share of the local tax levy. Local tax competitiveness is an issue that falls within the context of business retention and expansion, commonly known as BR&E. City officials should continue efforts to perform functions within the BR&E framework to ensure local businesses have an opportunity to have an open dialogue with the City on an ongoing basis. This would aid in achieving the City's Community Development goal, which aims to, "Enhance and expand community involvement and public participation through a variety of innovative outlets". Jobs Planning for commercial-industrial development continues to be an important issue for the City. A motivation for commercial-industrial development is the creation of jobs. Retaining and attracting livable wage jobs has been an ongoing objective for the City of Elk River. In 2013, commercial and industrial properties made up 23% of the tax base in Elk River (21% and 2% respectively). According to the 2010 Census, 68% of Elk River workers had jobs outside of the City. Since 1990, roughly 40% of Elk River workers travel 35 or more minutes to work and nearly 80% of workers drive alone. By comparison, only 17.1% of Minnesota workers have an average commute time of 35 minutes or more. Refer to chart 12-2: Community-2010 for more information. Long commute times and employment outside of the City creates barriers to building local connections, can contribute to retail leakage, and reduces the amount of time available for recreation. In addition, there is a growing body of evidence that the next generation of workers will want to spend as little time commuting as possible. Retaining and attracting livable wage jobs will provide current and future Elk River residents the option of working where they live. Chapter 12: Community Development 1125 Elk R1V2r C--aprehe sve Nan The major employers in Elk River have traditionally been various institutions in the service-providing sector including Elk River Independent School District 728, Sherburne County, City Hall, and various religious institutions. Over time, the employment base began to diversify and add new major employers including Wal- Mart and other retail establishments, Metal Craft Machine & Engineering, Cretex and other retail, service, and light industrial institutions. The top 20 employers within the City include: Chart 12-2:1Commuting-2010 90.0% 80.0% 70.0 60.0% -- Percent of Workers 50.0% -- Traveling 35 or More Minutes to Work 40.0% -i - ■Drove Alone-Car,Truck 30.0% — or Van 20.0% - --- -- 10.0% 0.0% — -- - - -- 1990 2000 2010 Source: US Census Top 20 Employers within Elk River Largest Employers Product/Service Full-Time Part-Time Total Employees Employees Independent School District 728 Education 892 706 1598 Sherburne County Government 560 38 598 Wal-Mart Retail Store nla nla 380 Guardian Angels of Elk River,Inc. Nursing/Housing 79 238 317 Great River Energy Electric Utility 236 0 236 Tescom Corporation Pressure Control Devices 187 0 187 City of Elk River Government 114 45 159 Menards Retail Store nla nla 150 Cornerstone Auto Resource Automobile Sales 105 42 147 Coborn's Grocery Store 27 95 122 Sportech,Inc. Plastics Thermoforming 103 8 111 Cub Foods Grovery Store 44 65 109 Metal Craft Machine&Engineering Precision Maching 100 5 105 Cretex Companies,Inc. Precast Concrete Products 100 0 100 Crystal Distribution, Inc. Custon Curb Adaptors 100 nla 100 The Home Depot Retail Store nla nla 100 The Bank of Elk River Financial Institution 86 13 99 E&D Tool and Plastics, Inc. Injection Molding 98 0 98 Faribault Foods,Inc. I Pouch Packaging 79 nla 79 Source: City of Elk Riven 126 / Chapter 12: Community Development El Elk River comp -r e,,,e Pi,, River` Planning Efforts time, the lack of investment leads to a deterioration of property. These conditions of blight often spread to Economic Development Strategic Plan adjacent properties. Redevelopment will become an increasingly important The Elk River 2013-16 Economic Development Strategic community development issue for Elk River. Several Plan seeks to "Modify [the] Industrial Development goal to factors define the need for city action: Business Development and include two sets of strategies: 1) Industrial Development Strategies, and 2) Commercial Redevelopment becomes a public issue because Strategies." Under the Business Development goal is market forces are not likely to solve the problem. the following objective: "Attract new businesses and While Elk River has the ability to expand, development demand can bypass redevelopment support existing businesses to increase the city's industrial parcels and seek out vacant land. There is little or tax base, commercial base and employment base." no incentive to correct the problems on blighted The Economic Development Strategic Plan provides a parcels. Vacant land avoids many of the barriers strategic approach for attracting industrial and commercial of redevelopment sites. businesses. Redevelopment property is often more expensive. Acquisition includes both land and buildings. Strategic Industrial Marketing Plan Redevelopment often requires the assembly of smaller parcels into a larger site. Multiple property There is a realization among City officials that reaching the owners with differing interests compound the industrial development goals will require more effort than complexity of land acquisition. simply designating property in a land use plan; especially Redevelopment sites have more site preparation as it relates to attracting new business to Elk River. costs. Buildings must be demolished and the site To this end, the City has created a Strategic Industrial cleared before new construction can occur. Marketing Plan. The vision of this plan is for Elk River "to • Redevelopment may face the need and cost of be the light industrial hub for small to medium-size firms environmental remediation. Old buildings may have in the northwest metro region." The Strategic Industrial asbestos or other hazardous materials that require Marketing Plan provides the framework for identifying special treatment. Certain commercial and industrial opportunities and attracting new businesses to Elk River. may have allowed pollutants to enter the soil. Energy City 2024 Action Plan All of these factors combine to create significant economic barriers to redevelopment. Removal of The Energy City Commission is developing an action these barriers is a primary focus of city actions plan to focus its efforts on creating tangible targets and related to redevelopment. benefits to the City, its residents, and business partners. Mississippi Connections Redevelopment 171st Avenue Focused Area Study (FAST) Framework The 171 st Avenue FAST has an employment focus. It The Mississippi Connections Redevelopment seeks to leverage key assets that are embedded in the Framework establishes a long-range vision for the community to reinforce Elk River as a regional hub. The 400-acre core of Elk River. The objective of the plan is to, "provide guidance to property owners, Plan also seeks to create nearly 6.5 million square feet of stakeholders, and community leadership to retail, office and industrial space at the maturity of the position the area in such a way that strengthens plan, which is a 25 to 30 year planning horizon. the area to survive the impacts of time and change; methods to reestablish the downtown Redevelopment area as a destination; a desirable address to do business, live, and enjoy the diversity of uses in The roots of redevelopment are intrinsically tied to local a character rich downtown amid the hustle and economic factors. Limitations on income means a lack of bustle of a growing community." disposable income needed to reinvest in property. Over Chapter 12: Community Developments 127 Elk River C�nprehen�e P?7n Mississippi Connections Area The area identified as the Mississippi Connections Area is an essential part of Elk River's heritage and identity. The Mississippi Connections land use seeks to preserve and enhance the commercial districts and residential neighborhoods in this area. Continued f designation of a land use is only one step in the effort to preserve and enhance the downtown area. _ Continued actions must be taken to achieve the 3 objectives of the Mississippi Connections plan. ! V Continue to Build Connections A key to the revitalization and sustainability of the _ -- ~� Mississippi Connection area is creating connections ' within the area to other parts of the community. Some potential connections include: Continued streetscape improvements along Main, Proctor and Jackson to maintain the sense of identify andappearance of the downtown area. Build off of and strengthen a well-defined system of sidewalks and trails to encourage pedestrian and other non-vehicular movement within the area. North–south connections and safe access across Highway 10 are critical in this area. Further connections should link downtown to school campuses, Lion's Park, the River, Handke School and the Library, which are outside the area. Continued connections through parks, other public open spaces, trails, and orientation of private development to create visual and physical connections between the Mississippi Connections area and the Mississippi River. Continued Maintenance of Public Facilities Public facilities are key elements of the Mississippi Connections Area. Schools, Lion's Park Center, --- —_- other parks and the Library shape the identity of the Mississippi Connections Area. They also attract people into the area. Continued improvements and maintenance of these public facilities should be considered and objectives of the Mississippi Connections area and public actions should focus on { retaining these public uses within the area. 128 ; Chapter 12: Community Development El Elk River comprer-en_•e pan River Tools for City Actions Tax Abatement The Community Development section of the Tax abatement acts like a simpler and less powerful Comprehensive Plan presents items that serve version of tax increment financing. With TIF, the city as a focus for city actions. These actions seek controls the entire property tax revenue from new to achieve the vision for the future of Elk River development. Under the abatement statute (Minnesota in areas where market forces alone will not be sufficient. State Law provides a broad array of Statutes, Sections 469.1812 through 469.1815), the powers and tools that may assist the city in these City, County and School District have independent initiatives. The following section provides a brief authority to grant tax abatement. discussion of the tools currently available to the city. This information is designed as a point of Special Assessments reference in continued community development planning. Public improvements are often financed using the power to levy special assessments (Minnesota Finance Tools Statutes Chapter 429). A special assessment is a means for benefiting properties to pay for all or Community development actions require a framework part of the costs associated with improvements, for financial decision-making. The investment of and to spread the impact over a period of years. public dollars to achieve community development This tool can be applied to both the construction of objectives should be guided by several key principles: new improvements and the rehabilitation of existing Financial resources are limited. The City improvements. has limited funding to apply to community development initiatives, so the use of resources Utility Revenues must be targeted to achieve the greatest effect on community needs. The City operates three municipal utilities: water, Financial decisions require a long-term perspective. sanitary sewer and storm water. The revenues from The current use of financial resources may reduce the operation of these utilities are available to pay monies available in the future. In evaluating for capital improvements in support of community short-term opportunities, it is important to question development initiatives. State Law (Minnesota the long-term impact on community development. Statutes, Section 444.075) gives the authority to Public funds should lead to private investment. pledge these revenues to general obligation bonds for While this section focuses on public finance utility system improvements. actions, the Comprehensive Plan cannot become reality without private investment. The use of Capital Improvement Bonds public funds should be targeted to actions that encourage private investment in Elk River. Cities may issue capital improvement bonds (Minnesota Statute, Section 475.521) for specific Tax Increment Financing purposes. Tax increment financing (TIF) is the primary development finance tool available to Minnesota Mieroloans cities (Minnesota Statutes, Sections 469.174 through 469.179). TIF is simple in concept, but The Microloan program provides low interest, long- complex in its application. Through tax increment term (i.e. greater than one year) loans as incentives to financing, the property taxes created by new encourage the following: development (or redevelopment) are captured and used to finance activities needed to encourage Industrial development that supports the tax base the development. The challenge in using TIF lies and brings quality jobs to the city with the complex and ever changing statutory Rehabilitation of existing buildings in the Central limitations. The City has utilized TIF sparingly in Business District the past, and it is expected that it will continue to Energy Efficiency improvements to businesses and do so in the future. manufacturers Chapter 12: Community Development 1 129 Elk River Comprehensive Plan WEEtV BA .. /�:�•,,,,• eY t..._ff COtT1111E CWlfE3T.0.19pm 1+e Implementation The following are broad implementation strategies Encourage the development of new, value-added reflecting the City's vision, specifically as it relates to industries and businesses that can benefit from the community development. area's amenities and existing industries. Set retention of existing businesses and industries As appropriate, coordinate with the Elk River as a priority of the City's economic development Area Chamber of Commerce, neighboring and plan. overlapping jurisdictions, and others to promote Elk Continue implementation of periodic BR&E River and/or the area as a special destination area meetings on an individual basis with businesses with unique shops and restaurants and diverse and industries to listen to concerns and discuss recreation activities and community events. opportunities for success. Also identify any Strive to identify under-utilized or under-served perceived or real barriers or obstacles (such as local and regional markets and give priority to local overly restrictive ordinances) that the City could business development to service these markets. potentially remove or minimize to help businesses Coordinate with businesses and industries to and industries prosper, while still protecting the explore opportunities for the City to stand out as health, safety, and welfare of the public. a leader in sustainable business and community Coordinate with Sherburne County, the Elk River development. Area Chamber of Commerce, Minnesota School of Analyze the long-term viability of existing and Business - Elk River Campus, the School District, proposed neighborhood convenience nodes in GreaterMSP, and others in their efforts to promote the City. Where appropriate, work with property training opportunities that can help businesses owners and neighbors to ensure continued success and industries prosper. If appropriate, co-sponsor of neighborhood convenience uses in a manner and/or offer City facilities for employee training that compliments the surrounding neighborhoods. programs. Identify and implement strategies to enhance • Coordinate with energy providers and others to the infrastructure in a way that can help support help businesses and industries conserve energy residents telecommute or conduct business out of resources and reduce operating costs. their home. Continue to promote Elk River's high quality of life Continue to promote and encourage the expansion as a means to help attract new businesses and of jobs and buisness growth within the city. industries. 130 I Chapter 12: Community Development