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6.1. EDSR 08-18-2014
Ll Request for Action River To Item Number Economic Development Authority 6.1 Agenda Section Meeting Date Prepared by General Business August 18, 2014 Brian Beeman, Director of Economic Development Item Description Reviewed by 2015 EDA Budget and Resolution Establishing Jeremy Barnhart,Deputy Director, CODD EDA Levy Reviewed by Tim Simon, Finance Director Action Requested 1. Review and approve the 2015 EDA Budget as presented. 2. Approve by motion the attached Resolution establishing the EDA Tax Levy for collection in year 2015. Following the EDA's action, the City Council must approve and certify the EDA levy to Sherburne County by September 15,2014. Background/Discussion The Economic Development Division consists of two separate budgets including: • Economic Development Authority • Housing&Redevelopment Authority At the July 21, 2014 special budget workshop the EDA members reviewed in detail the performance measures/goals and budget for 2015. Revenues The budget proposes maintaining the general operating levy at 0.01813% of estimated market value, which is the state cap. Revenues generated from the EDA tax levy for the 2015 budget are based on an estimated market value of$1,907,026,900 as provided by the Sherburne County Assessor.This will generate revenue of$345,743. In addition to the tax levy we also calculate interest income of$4,500 and$3,500 transfer from the HRA for supplies and shared costs. Expenditures The proposed 2015 budget was developed with the goals and action steps outlined in the 2013-2016 EDA Strategic Plan, the Mississippi Connections Downtown Plan, City Vision& Goals, and the branding implementation plan. Major initiatives from these documents include: • Advertise in at least three national publications with at least 5000 subscribers P 1 / ERE 1 1 T Template Updated 4/14 IA1LJREI • Identify locations for Data Centers;then market sites for recruitment • Complete "Powered by Nature"Art Installation • Obtain Shovel Ready Certification status for both North Star and Nature's Edge Business Center • Participate in the Department of Employment and Economic Development's Positively Minnesota program Major Changes Direction from the budget workshop included the following changes: Other Professional Services: At the July 21, 2014 EDA budget workshop,it was decided to decrease the Brand Plan Implementation for 2015 and 2016 from$10,000 to $5,000 for reoccurring brand maintenance and capture any non-spent funds from 2014 transferring those funds to 2015 as needed to the Powered by Nature Art Installation. Any non-spent funds remaining at the end of the year stay in the EDA fund for future economic development purposes/projects. If a non-budget item comes up in 2015 we can use the fund balance and make a budget amendment. Over the past five years the EDA has contributed$497,513.20 which includes park dedication for Nature's Edge Business Center (NEBC) Phase I.As of August 7, 2014, the EDA has a fund balance available for Economic Development purposes of$1,114,378. With NEBC Phase II coming up and possibly contributing a similar amount$450,000 plus park dedication or more this year, this would leave approximately over$600,000 remaining funds for land/property acquisition/redevelopment projects. Once NEBC II monies are transferred out it is anticipated to take several years to get back to the $1 million to $1.5 million range since we are limited in the estimated market value rate. Since we are experiencing additional requests for larger parcels and based on past expenditures for economic development projects, staff recommends a long-term fund balance target of$1 million to $1.5 million. Financial Impact The 2015 expenditure budget is $285,100. Attachments • Resolution Establishing the EDA Levy for Collection in Year 2015 • Proposed 2015 Budget Detail Spreadsheet • July 21, 2014 EDA Budget Workshop Packet N:A1)cpartmcnts\Community Devclopnunt\1?conomic Dcyclopmcnt\1.1).A\.Administrativr\_AgcndaAIII).A.Agenda Packets\V'car2t11-1\8-18-2014 \pproyc 2015 Budgct\ib 6.1 sr 2015 Budgct_docxl)ocumcut2 />"(*., City of Elk River Resolution 14-02 A Resolution of the City of Elk River Economic Development Authority, Establishing the Tax Levy for the Elk River Economic Development Authority for the City of Elk River, Minnesota WHEREAS, Minnesota Statutes, Section 469.107, Subdivision 1,authorizes the Economic Development Authority to levy an amount not to exceed .01813 percent of the estimated market value within the city to be used for economic development purposes;and, WHEREAS, the Elk River Economic Development Authority will adopt and approve its budget and will forward such to the City of Elk River pursuant to Minnesota Statutes, Section 469.100, Subdivision 2. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Elk River,Minnesota, that it hereby requests the City Council of the City of Elk River to levy a tax in the amount of.01813 percent of the taxable market value in the city for the year 2014 for the benefit of the Authority to be used for Economic Development Authority purposes as provided by the statute. Passed and adopted this day of 2014. Dan Tveite, EDA President ATTEST: Brian Beeman, EDA Executive Director r/ IEREI I ! NATURE 2015-2016 BUDGET DETAIL SHEET Dept: Economic Development Authority Acct. - 2012 2013 :2014 BUDGET 2016 BUDGET 2016 BUDGET ExplanMbn/Detall of Supplies or Services No. Actual Actual Detail I Total Deta6 I Total. Detail.I Total Comments: PERSONAL SERVICES 4101 Regular Pay 76,845 60,465 84,650 81,100 86,500 4102 Overtime Pay 78 4103 Part-time Pay 12,652 18,210 24,600 12,800 12,600 Commissioner salaries-eliminated intern 4104 PERA 5,727 4,364 6,650 6,650 7,000 4105 FICA 5,089 4,494 6,050 5,800 8,150 4107 Medicare 1,207 1,051 1,400 1150 1,450 4108 Insurance 10,744 9,070 13,850 10,450 10,950 4109 Workers Comp 450 357 600 450 450 TOTAL PERSONAL SERVICES 112,792 98,011 137,900 118,400 125,100 SUPPLIES 4201 Office Supplies 2,130 2,396 ..Y'ih f - Office supplies 2,700 7,800 2,800 Shelving 6 Filing System Computer _ 1,000 1,500 Brian due new computer in 2015,monitors&brackets Computer Software/Licensing 450 450 450 Full Version Adobe,Laserfiche,etc. 4212 Fuels&Luba 35 "10,,',..' DO ,5,,,i,, ,Antat Unleaded gas _ 50 2,100 2,100 TOTAL SUPPLES 2,185 . 2,398 . 4,200 11,850 5,350 OTHER SERVICES 8 CHARGES 4304 Legal Fees 9,579 10,037 '= i '' Misc. 10,000 10,000 10,000 4319 Other Professional Services 52,414 7,285 r''''" i._. Brand Plan Implementation _ 20,000 5,000 Following Chandler-Thinks Branding Plan Update Powered by Nature brochures 500 Powered by Nature sponsorships 2,500 Powered by Nature promotional items _ _ 2,000 4321 Telephone 1,191 538 e,-,,,,,„ Long distance _ - 700 700 700 iPad data plan 350 350. 350 4322 Postage 1,410 380 ;"„"_690 Marketing mailings 2,000 2,000 2,000 (L 4331 Conferences/Schools 15,472 13,849 EDAM 3,500 3,500 Summer&Winter Conference for one attendee NDC/IEDC Training _ 3,700 2,300 2,300 NDC requires cont.ED Some IEDC Courses in MN,most out-of-state(IF.grants available) NDC/IEDC Travel 4,800 4,500 4,500 Covers plane tickets,hotel,mileage,shuttle,meals,additional fees Hamlin Econ Dev.Certificate 2,200 Second 1/2 payment due January 2015 LMC 850 850 For one attendee,alternate employees every other year Chamber Events 900 900 Annual Meeting,Oktoberfest,Biz Tool Kit,etc. MREJ 600 600 Data Centers,Roundtables of Knowledge,Annual Land Dev.Conf.,Energy Summit MNCAR 150 150 Annual Meeting,Medical Device Cont.,Financing,Developer's Seminar,Econ Dev.Update CMMA 750 750 For six General Meetings held in different location in Central MN MN Banker's Assoc. 750 750 Annual Conference&one SBA loan training&update Leadership Elk River 400 Colleen to attend SLUC 300 300 For one attendee Springsted 150 150 For one attendee Misc,training 6,600 1,000 1,000 Covers any additional fees,travel,and unexpected important training,U of M BR&E training Mileage adjustment -3,550 -3,550 subtracted for vehicle assignment 4349 Advertising/Marketing 23,634 48,697 J.,A0,00 _am Community Profiles 1,200 1,200 1,200 Advertising(Production&Publication) _ 10,950 12,000 12,000 Breakdown Provided as Attachment Direct Mailings 6,000 6,000 6,000 Business Retention&Expansion Visits 800 800 800 Local Fern Tours Promo items 8,600 9,000 9,000 Special events 7,500 8,000 8,000 Breakdown Provided as Attachment Sponsorships _ 9,000 8,000 8,000 Breakdown Provided as Attachment EDA owned property _ 7,200 7,200 7,200 Market Industrial Lots Zoom Prospector Application for Website _ 4,500 4,500 4,500 Website Maintenance 2,500 website maintenance is paid by general funds Trade Shows&Lead Generation 10,000 15,000 15,000 Partner with DEED Targeted Industries DEED Shovel Ready Certification 6,500 $3250 per site,North Star Biz Park is one site,NEBC is second site 4359 Publishing 353 509 . ```4 450 500 Public notices,etc 400 450 500 4381 Insurance , , 200 , , Open meeting law 150 Vehicle 200 200 4433 Dues/Subscriptions 984 1,784 ,,a„x.$;000 ,2.500 :42,760 EDAM 600 450 450 Chamber 450 450 450 Two Rivers Assoc. _ 300 Discontinuing Two River's Networking Group Constant Contact _ 150 300 300 Fee Increase for 2015 CMMA _ 200 250 250 $25 Fee Increase for 2015 Minneapolis/St.Paul Business Joumal _ 100 200 Switched from Finance&Commerce to MSP Business Joumal MNCAR 400 400 We attend several workshops and a couple targeted sponsorships annually IEDC 400 400 Misc. 300 300 300 4440 Miscellaneous 56,066 ... ..8640. 8,500 8.$00 Initiative Foundation 2,500 2,500 2,500 Staff receives training grants each year from the IF 4th of July donation _ 6,000 6,000 6,000 TOTAL OTHER SERVICES&CHARGES 161,103 83,079 127,300 122,850 113,900 TRANSFERS OUT _ 41.000 32,000 `32.00; 4720 Transfers _ 450,000 4721 General Fund 25,000 25,000 31,900 32,000 32,000 Jeremy's Salary TOTAL ECONOMIC DEVELOPMENT AUTHORITY 751,060 208,486 301,200 285,100 276,350 8/14/2014 Workshop Meeting of the Monday, 21,2014 ci�r ot� y,J ul r El Economic Development 5:00 p.m. �' ^� Elk River City all River Authority Upper Town Conference Room AGENDA Meeting Protocol • No sidebar discussions • No interruptions • State your concern • [insure you understand I. CALL MEETING TO ORDER • Don't take things.personally • Adhere to time limits 2. CONSIDER AGENDA • Come prepared • Ensure all are heard 3. DISCUSS 2015 EDA BUDGET GOALS & PRELIMINARY BUDGET 4. ADJOURNMENT This agenda is available in alternate formats upon a 72 hour advanced notice. Auxiliary aids and services are also available upon a 72 hour advanced notice.Please contact the City Clerk at 763,635.1000 to make a request.Examples of alternate formats may include:large prim Braille,audio tape. / IIEBEI 11 INAIUPE E� ...,. Request for Action 'ver To Item Number Economic Development Authority _ 3.0 Agenda Section Meeting Date Prepared by N/A July 21, 2014 Brian Beeman,Director of Economic Development Item Description Reviewed by Discuss 2015 EDA Budget&Budget Goals for Jeremy Barnhart, Deputy Director,CODD adoption at the August 18,2014 Regular EDA meeting. Reviewed by Action Requested Information presented for discussion only.Action is to be taken at the August 18, 2014 EDA meeting. Background/Discussion As part of the budget process, a budget workshop is advisable to allow for informal discussions regarding the goals and objectives, major projects, and other items influencing the EDA budget. To this end,staff has prepared a draft budget that attempts to address several of the goals outlined in the strategic plan,downtown plan,the City's vision worksheet,and recent EDA discussion. In order to meet the requirements of the EDA Bylaws, the I?DA must approve the budget at their August 18,2014 regular meeting and make recommendation to the Cite Council at the September 2, 2014 regular meeting. The City Council is moving toward a biennial budget, so fiscal years 2015 and 2016 are shown on the worksheet.The EDA will review the 2016 budget at this time,next year. As drafted, the proposed expenditures are$290,100. Major initiatives include participation in the Positively Minnesota Program and the Shovel Ready Certification Program through the Department of Employment& Economic Development (DEED. A recent law change now has the ISDA levy rate being applied against Estimate Market Value versus Taxable Market Value. The EDA levy options are as follows: 1) Balanced rate (.01479%) = tax revenue of$282,100 (this would be if the EDA did not want to add or draw against reserves for the 2015 budget) 2) Previous and Maximum rate (.01813°N0) = tax revenue of S345,743 (this would be if the EDA desires to add additional revenues into the EDA reserves for 2015) [ 011 ( 0E1 Template Updated 4/14 NATURE All levy options are applied against the Estimate Market Value obtained from Sherburne County of $1,907,026,900. In addition to the tax levy we also calculate interest income of$4,500 and $3,500 transfer from the HRA for supplies and shared costs. Executive Director, Brian Beeman to review the EDA Budget Goals and preliminary 2015 Budget. Financial Impact None. Attachments • EDA 2015 Budget Goals • 2013-2016 EDA/HRA Strategic Plan • EDA Budget Worksheet N.\Departmcnts\Community Di vel■pmmt\I;con.nnic \1;1)\ dministr,oiN-c\Agcnda\ND,\ \ car2014\7-21-2014 liudgct orkshop 3 11)A Budget Discussion docx Division Performance Measures & Goals for 2015 Division: Economic Development/EDA Completed by: Brian Beeman Date: May 22, 2014 Performance Measure 2013 Actual 2014 Estimated 2015 Projected Conduct 12 BR&E visits 0 12 12 Contact 6 businesses re:microloan 6 6 6 Contact at least 3 Data Centers to 0 3 3 attempt to recruit to Elk River Obtain positive publicity via at least 3 newsletters each year 3 5 5 Advertise in at least 3 National Publications with at least 5000 subscribers 3 3 3 Personally connect with at least 150 new partners 150 150 Related Vision Statement Division Goal GoallOb'ective Comments Identify locations for Data Centers; City Vision Statement:Opportunities& EDA Determine utility capacities,private land owners,available lots,zoning, then market sites for recruitment Strategic Plan:Business Development etc.Work with County and other city departments to update the Data Center packet. Market retail,Tap Rooms,&other Mississippi Connections:Priority Project From Marketing Funds,create available property listing then actively highly desirable businesses to the recruit.Possibly create a specific Tap Room brochure. Downtown Area Promote ED incentive programs and EDA Strategic Plan:Business Development Update brochures,Face Book,Twitter,Press Releases,Business&Trade available land Magazines,etc. Maximize&leverage DEED monies EDA Strategic Plan:Business Development Identify new DEED programs and update Business Financial Toolkit as often as appropriate Brochure,including the proposed new 4th Microloan,new DEED Job Creation Funding,and elimination of the MCCF fund. Contact and network directly with City Vision Statement:Opportunities&EDA Strategic recruiting:Attend targeted industry(Data Centers, real-estate developers,and target Strategic Plan:Business Development Manufacturing,Energy,Medical Device Technology)tradeshows,identify industry decision makers the key decision makers,provide FAM tours of city,coordinate development meetings with City/County/State.Partner with Positively Minnesota. Obtain Shovel Ready Certification City Vision Statement:Opportunities& EDA$3250 for each DEED Certification site.Once certified,DEED will promote status on County owned Data Center Strategic Plan:Business Development our sites as they attend National&International tradeshows&expos,& Site,North Star,and NEBC I&II state website. Business Parks. Assist in reducing the barriers for Establish a wetland bank to facilitate new development where wetlands construction impede growth;shared responsibility with EDA/Planning/Environmental BUSINESS DEVELOPMENT Attract new businesses and support existing businesses to increase the city's industrial tax base, commercial tax base and employment base. INDUSTRIAL STRATEGIES ➢ Promote available sites,encourage business retention and expansion to grow existing light industrial base with business recruitment/attraction techniques • Diversify economic base to include professional services, corporate campuses,energy- related companies,and technology businesses S Review existing programs, resources, and services and recommend improvements to increase competitive advantage and support goals ➢ Explore creative economic development collaborations • Utilize Energy City and its tools to recruit new and assist existing businesses COMMERCIAL STRATEGIES ➢ Promote available sites,encourage business retention and expansion to grow existing commercial base with business recruitment/attraction techniques Diversify economic base to include a wide variety of retail and service industries,as well as additional fine dining opportunities 7 Review existing programs, resources, and services and recommend improvements to increase competitive advantage and support goals ➢ Explore creative economic development collaborations Enhance commercial district through business recruitment and activities ACTION STEPS • Complete minimum of one BRE visit a month (manufacturers and top employers)and distribute Business Finance Toolkit, Available Sites, Community Profile, Energy City Brochure, Business Recycling Toolkit and other pertinent information. • Promote available sites through exhibits at various expos(minimum 2x/yr.) • Utilize 17155 FAST implementation plan to create a marketing piece for Nature's Edge Business Center and an annual redevelopment action plan to monitor progress of implementation • Partner with ERMU to identify applicable rebates for available city-owned property • Promote applicable incentives through direct mailings(minimum 3x/yr.) • Promote Elk River to the restaurant industry through website (www.elkrivermn.Rov/restaurants), direct mailings, Constant Contact email blasts and other marketing venues • Partner with Elk River Area Chamber of Commerce to coordinate Chamber goals with economic development goals through various implementation tasks • Utilizing economic development publications make contact with businesses looking to expand, relocate,etc. • Review Micro Loan Program and recommend improvements to increase competitive advantage and support goals • Partner with ECC and ERMU to explore a joint incentive to attract energy-related technology businesses • Partner with local schools and manufacturers to hold quarterly meetings to encourage students to explore a career in manufacturing through plant tours,youth apprenticeship programs, energy city tours and programs,and job shadowing • Launch a powerful website for the Elk River Economic Development Department • Demonstrate support for existing manufacturers and raise awareness regarding their impact on the community through various promotional activities and tours during Minnesota Manufacturers Week • Identify target industries(e.g. data centers,energy-related companies,fine dining establishments,etc.)and create specific marketing pieces to identify advantages and programs to assist in business recruitment • Host quarterly Manufacturers'Connection events with local manufacturers to promote financial incentives, resources and relevant topics to promote business retention and appreciation • Build a targeted industry and trade media databases and send press releases 6x per year. • Produce an energy conservation best-practices brochure to provide to businesses • Coordinate with Energy City to plan and market energy city events e.g. Energy City Business of the Year • Partner with Energy City and the Streets Department to promote proper disposal of Fats,Oils and Grease through videos,flyers, emails, social media,and other media REHABILITATION AND REDEVELOPMENT Undertake strategies that facilitate rehabilitation and redevelopment of aging commercial, industrial and residential areas to ensure private reinvestment and sustainability. COMMERICAL/INDUSTRIAL STRATEGIES Maintain a listing of available commercial/industrial sites • Promote available sites through various marketing initiatives ➢ Identify and examine potential areas for revitalization • Review existing programs, resources, and services and recommend improvements to increase our competitive advantage and support goals > Enhance downtown commercial district through business recruitment and people- generating activities ACTION STEPS • Update windshield survey quarterly and post on website • Feature available property in quarterly 'Energized by Development' electronic newsletter • Promote www.elkriversites.com on billboard lx/yr. (changed quarterly) • Partner with downtown business association and civic groups to promote existing and explore new downtown activities • Partner with Elk River Area Arts Alliance to explore funding concepts for an arts center within the downtown study area • Create and distribute a survey to businesses to identify recommended improvements to existing programs, resources and services, in addition to identifying preferred methods of communication to improve Elk River business climate • Identify current property owners' and businesses' interest in redevelopment efforts both north and south of HWY 10 and in 171st Focused Area Study area • Create a redevelopment policy regarding capitalizing the HRA development fund and identify parameters for purchasing parcels • Create and distribute comprehensive business directory to promote downtown Elk River • Partner with the Elk River Area Chamber of Commerce to hold annual event to promote economic development resources and incentives(Juice Up Your Morning, Chamber luncheon, Money Breakfast, etc.) • Create a short video promoting available sites and applicable initiatives to distribute through social media outlets, constant contact and website RESIDENTIAL STRATEGIES ✓ Maintain listing of vacant/foreclosed properties • Address housing gaps with Comprehensive Housing Market Study recommendations ' Proactively review neighborhoods annually to ensure all home are properly maintained through the code enforcement process • Seek and promote available programs to improve existing housing stock and incentivize homeownership Provide educational opportunities regarding foreclosure prevention and housing assistance programs ACTION STEPS • Continue to work with applicable departments and entities to maintain internal foreclosure tracking spreadsheet • Distribute MN Home Ownership Center foreclosure prevention, Energy City conservation brochure, and Elk River Housing Toolkit information to local lenders, realtors,churches,non- profits, builders,etc. (minimum 4x/yr.) • Partner with staff to devise a neighborhood inspection plan to ensure all homes are properly maintained through the code enforcement process • Utilize housing intern to research programs available to Elk River residents to improve existing housing stock and incentivize homeownership • Partner with North Metro Realtors Association to explore the creation of in house housing programs(down payment assistance, housing rehab,etc.) • Partner with applicable non-profits (MNHOC,Tri-CAP,etc.)to hold educational events to promote foreclosure prevention and housing programs(minimum 2x/yr.) • Identify a partner housing organization to fund and support a selective housing removal and rebuilding program • Host an annual Realtors' Day to educate realtors about the programs, processes and amenities offered by the city COMMUNITY BRAND Utilize community brand strategies to effect necessary changes to strengthen and enhance community image STRATEGIES • Continue to implement and enhance marketing plan that reflects the Powered by Nature brand, identifies desired target market(s),and complements other local efforts to promote the community internally and externally • Maintain existing and build new community support for the Powered by Nature brand P Establish benchmarks for performance measurement ACTION STEPS • Work with area businesses and civic organizations to incorporate brand into their marketing strategies through presentations(minimum 6x/yr.) • Create PbN logos for area businesses and civic organizations(minimum 6x/yr.) • Meet with each city department to ensure all documents(staff reports,applications, business cards, presentations, letterhead,etc.)adhere to brand guidelines as outlined on SharePoint • Maintain poweredbynature.blog,com site(minimum 3x/wk.) • Distribute window clings and larger windows signs of the logo • Distribute brochures explaining the brand to residents to municipal liquor stores,Guardian Angels, Pullman Place, Sherburne County, local banks,Chamber of Commerce, local hotels,etc. • Utilize community brand throughout the new Economic Development and citywide website • Promote the brand,engage residents, and distribute materials at expos (3x per year) and at events such as Realtors' Day, Leadership Elk River,and Manufacturers Connection • Create profiles on first-tier business owners in Synchronist—a tracking software used to record information on local businesses and visits • Launch an online marketing campaign through pay-per-click and keyword advertising • Benchmark the impact of the Powered by Nature brand with data from Google Analytics and a search engine optimization analysis. TRANSPORTATION Advocate and support proactive planning for improvements to the local and area transportation system in a way that will support existing businesses and complement new economic growth. STRATEGIES • Advocate regional and local transportation improvements ➢ Encourage transportation improvements as part of redevelopment/development opportunities v Support efforts to leverage local funds with state/federal resources ACTION STEPS(submitted by City Engineer) • Increase contact with legislators for state highway transportation improvements • Complete low cost/high benefit enhancements to improve traffic flow through the existing street intersections • Advocate for the continued use and expansion of Northstar commuter rail service. • Continue implementation of transportation improvements as detailed in the 171St Focused Area Study • Assure all proposed development improvements are consistent with our local and regional transportation plans. • Leverage State and Federal investment for mobility improvements to TH 169 and TH 10 with the already spent local dollars for the planning of improvements to these sections. • Evaluate all available grant opportunities to determine if the local matching amounts are a cost effective and feasible solution to support our objectives and strategies. 2015-2016 BUDGET DETAIL SHEET Dee: Economic Development Authority Acct 2012 2013 20148UO0ET 2015.BUDGET 2016 BUDGET No. EsplanatiotuOMagof Supplies a Services Actual Actual i''F" otal ota otal Comments: ELBBO_NALBEMEA 4101 Regular Pay 76,845 90,465 84.650 81.100 86,500 4102 Overtime Pay 78 4103 Partieme Pay 12,652 18,210 24,800 12.600 12,600 Commissioner salaries-elerinated intern 4104 PERA 5,727 4,364 6650 6,650 7.000 4105 FICA 5,089 4,494 6.050 5.800 6,150 4107 Medicare 1,207 1,051 1,400 1.350 1,450 4108 Insurance 10.744 9.070. 13,850 10.450. 10,950 4109 Workers Comp 450 357 600 450 450 TOTAL PERSONA.SERVICES 112,792 98,911 137,E 116,400 125,100 AVPPLES 4201 Office Supplies 2 130 2 396 4150 0,750 .'",,1,1125 Office supptles 2,700 7,800 2,800 Shelving 8 Fong System Computer 1,000 1,500 Brian due new computer in 2015:meters&brackets Computer So5wereticensing 450 450 450 Fug Version Adobe.Laserfiche,etc. 4212 Feels A Labs I ;7"`''`:50 2;100 2100 Unleaded gas 50 2,100 2,100 TOTAL SUPPUES 2,165 2,386. 4,200 11,656 8,360 OTMETIEMAGEBA CHAR0EB 4304 Legal Foes 8 879' 10 037 10.000 10,000 'IMO Mist. 10.000 10.000 10.000 4319 Other Professional Services 62 414 .20.000 ,,.,10,000 10,000 Brand Plan Implementation El 20,000 10,000 10,000 Following Chandler-Thinks Branding Plan 4321 Telephone 1 191 S 07050 '" 1.050 c1,050 Long distance 700 700 700 (Pad data plan. 350 350 350 4322 Postage 1,410 .380 Marketing maims 2,000 2,000. 2.000 4331 CerderenceslSCheoh IS.72 13 849 :15.100 14.000 µ,,.':'12200 EDAM 3,500 3,550 Summer d Winter Conference for one attendee NDCAEDC Training 3700 2,300 2,300 NDC regukes cont.ED Some 1EDC Courses in MN,most ow-of-state(I F.grants available) NOCAEDC Travel 4,800 4500 4,500 Covers plane tickets,hotel,mileage,Mutee,mesh.additional tees Hemline Orion Dec.Certificate 2,200 Second 112 payment due January 2015 LMC 850 850 For one attendee,enemata employees every other year Chamber Events 900 900 Annual Meeting,Oktoberfest,Biz Tool Kit,etc. MREJ 600 600 Data Centers,Roundtebles of Knowledge,Annual Land Dev.Cont..Energy Summit MNCAR 150 150 Annual Meeting,Marital Desire Conf.,Financing,Developer's Seminar.Econ Dev.Update CMMA 750 750 For six General Meetings held In different location in Central MN MN Banker's Assoc. 750 750 Annual Conference&one SBA loan training&update Leadership Ole River 400 Coteen to attend SLUC 300 300 For one attendee Sprinested 150 150 For one attendee Misc.training 6.600 1,000 1,000 Covers any 54800nat leas,travel,and unexpected important training,U of M BR&E Mining Mileage adjustment -3,550 -3,550 subtracted for vehicle assignment 4349 AdvertismgtMarketng 1 . 88250 .76.200 71700 Community Profiles 1.200 1200 1,200 Advertising(Production&Publication) 10,950 12.000 12,000 Breakdown Provided as Attachment Direct Marnas 6,000 6.000 6,000 Business Retention&Expansion Vises 800 000 800 Local Fam Tours Proem hems 0600 9,000 9,000 Special events 7,500 8,000 8,000 Breakdown Presided as Attachment Seonsorshne 9,000 8,000 8,000 Breakdown Provided as Attachment EDA owned property 7,200 7,200 7,200 Market Industrial Lots Zoom Prospector Application for Webete 4,500 4,500 4.500 Websde Maintenance 2,500 webaee maintenance a paid by general tuodk Trade Shows&Lead Generation 10,000 15,000 16,000 Partner with DEED Targeted industries DEED Shovel Ready Certification 6,500 53250 per see,North Star Biz Park is one 540,NEBC is second site 4359 Publishing 400 450 500 Public notices,etc 400 450 500 4361 Insurance -<200 , Open meeting law 150 Vehicle 200 200 4433 Dues/Subscriptions 1111111 2000 ,"`2,050, 2,750 EDAM 600 450 450 Chamber 450 450 450 Two Rivers Assoc. 300 Disconanune Two River's Nerworkng Group Constant Contact 150 300 300 Fee Increase for 2015 CAOAA 200 250 250 525 Fee Increase ter 2015 Mnneapol'is?St.Paul Business Journal 100 200 Switched nom Finance&Commerce to MOP Business Journal MNCAR 400 400 We attend several workshops and a couple targeted sponsorships annually IODC 400 400 Misc. 300 300 300 4440 Miscellaneous 8.500 8,500 8.500 Inner/Ye Foundation 2.500 2.500 2,500 Staff receives training grants each year from he IF 4th of July donation 6,500 8,000 6.000 TOTAL OTHER SERVICES&CHARGES 161,103 127,300 127,860 118,000 TRAM_FEITS_OUT 31,900, 32,000 32,000 4720 Transfers 460,000 4721 General Fund 25,000 25,000 31.900 32.050 32,000 Jeremy's Salary TOTAL ECONOa9C DEVELOPMENT AUTHORITY 751,060 208.486 301,200 290,100 281,350 8,712014 July 8,2014 f,, Brian Beeman,MPA Director of Economic Development City of Elk River 13065 Orono Parkway Elk River,MN 55330 Dear Brian, Thank you so much for meeting with Eric Stommes,Vice President for External Relations at the Initiative Foundation and me last week.It was great to see you again and I am very pleased to let you know that the Initiative Foundation has approved two recent grant requests for professional development training for staff at the City of Elk River EDA totaling$1,750.00. Additionally,since inception over$1.2 million of grant funds have been invested in Sherburne County including Three Rivers Community Foundation grants,a component fund of the Foundation. For every local dollar contributed to the Initiative Foundation,$5.72 has been invested back into Sherburne County through loans,grants and scholarships. As discussed,lam including a brief history of former loan clients in Elk River. We do not disclose specific dollar amounts for individual loans due to the fact they are private businesses but total loans in Sherburne County are$2,935,000 with jobs created or retained of 447. Some of these companies have ceased operations and our loans were considered uncollectible and subsequently charged-off. Others are current/active clients.They include: • Pomeroy Tool,Elk River Machine Tooling • Key Pattern,Elk River Pattern Design • Horn Machine,Elk River Millwork Manufacturing = Marketech,Inc.,Elk River(2 loans) Electronic Testing Service • ELK RIVER PKG, INC.,Elk River(2 loans) Microwavabie Packaging • Rohn Ironworks,Elk River Structural Steel Fabricating • Sherburne County Insurance,Elk River Insurance Agency • Brumar,Elk River Welding • Communication World,Elk River Telecom/phone systems • Watermark Corporation,Elk River "Fishcam"manufacturer • Protector Care,Inc.,Elk River Carestair-Half height steps • Northstar Photonics,Inc.,Elk River High Performance Laser * Raymond P. Chock Trucking,Elk River Independent Trucking • Cymbet Corporation,Elk River Lithium-ion Batteries • K-Netica,Elk River(2 loans) Software Development * CDC Enterprises,Inc.,Elk River(2 loans) Plastic Duct &Insulation Development • PK Partners, LTC,I iE<.River Wastewater Treatment Systems We continue to offer support and assistance In the Elk River area through business loans,grants and technical assistance. Please contact us if you need any additional information. Thanks so much for your thoughtful consideration of the 2015 Initiative Foundation request for contribution of$2,500, Sincerely, ailf.434/47 U w'� Sandy Voigt Development Officer cc: Eric Stommes,Vice President for External Relations,initiative Foundation Kathy Gaatswyk,President,Initiative Foundation John E.Babcock,Initiative Foundation Board of Trustees (320)632-9255 )e5 Firs Street SE ..,,T,;*::::` Initiative 2. ,`� i t:.e Fall:. 'N5�.45 FflUNOATlON MENIORANDL'1I ifound.org DATE: June 20, 2014 TO: Brian Beeman, Elk River EDA FROM: Eric Stommes,Vice President for External Relations RE: 2015 Budget Request for Initiative Foundation Support The Initiative Foundation is pleased to submit a request for support in 2015. We have also included copies for each City Council member and ask that you please distribute them accordingly. We will gladly provide an update in person to your City Council at a scheduled meeting. If that is your desire, feel free to contact Katie Riitters at our toll-free number 1-877-632-9255 or kriitters(n?itound.crj to arrange for a presentation. Thank you Together we are making Central Minnesota a destination of choice to live,work and play! act '&414414 — 1144, yik Fog- yes,r, pos-r cwwor- tF Alt tPcni r tr 1-ootsor c ti yolli- ktrati-vr b,T,tpur4fTph. br .ZO+S. 41 • youii, Liftxxr isttut Il i► -P.-- i. . ( LP- sT> ) i Powering Possible (]20)632/B55 Initiative 4u1t°r�s mnxuu FOUNDATION June 20, 2014 4fountorg Brian Beeman Elk River EDA 13065 Orono Pkwy NW EDA,MN 55330-5600 Dear Mr Beeman and members of the Elk River EDA, Your support is an integral part of what we do to stimulate business growth,create quality jobs and ensure a climate for economic success.The Central Minnesota economy is showing increased signs of health,and we believe that 2015—with the right partnerships and investments—will be a strong year for business expansion and hiring. For nearly three decades the Foundation has responded to requests for assistance in Central Minnesota.When organizations want to advance an important project,we respond with grants and training.When businesses work to expand,we respond with financing and support.When communities need an ally,we engage local citizens and facilitate public-private partnerships that lead to results. Our community,organizational and economic development work is supported by a spectrum of public andp,ivaredonorswhopartoe,wirhtheFoundahontubuiNthrivinAcommunibes.AUo(ou,Q,ant' making, lending and leadership development activities are designed to create a skilled workforce;to make Central Minnesota a destination of choice to live,work and play;and to inspire people to share their time,talent and resources. To support our critical work in economic growth and community enhancement,we respectfully request consideration for an investment of$2,500 in 2015. An Initiative Foundation contribution earns a substantial return on investment. For every local dollar contributed,the Foundation has returned 55.72 back to Sherburne County in grants,loans and scholarships. After your budget is finalized,would you please sign the enclosed commitment form and return it in the postage-paid envelope?Again,thank you for your consideration and support of our work in the City of Elk River. Please contact us with questions or to request a staff presentation. Sincerely, ^ ' \ � '��*�r�� ' �-~ Kathy Gaalswy Eric Stommes President Vice President for External Relations :iaPowering Possible kb, u � ;N t+ ' oit Economy. p • The Initiatiue Foundation: Empowering People to Build, Sustain Healthy Communities Formed in 1986 by a partnership of regional leaders and The McKnight Foundation,the Initiative Foundation is one of six unique, nonprofit Minnesota Initiative Foundations serving the regions of Greater Minnesota.We believe local people - not outside organizations- have the necessary enthu- siasm.knowledge and relationships to achieve a brighter future Good Works Supported By Sound Strategy The Foundation's strategic framework is based on the philosophy that economy,corn- munity and philanthropy are intertwined.This three-pillared approach helps us to collaborate in truly meaningful ways to unlock the power of each community and all of Central Minnesota. Our charitable work is supported by a spectrum of public and individual donors. Earn- ings from investments in the Foundation's operations and permanent endowment are returned to Central Minnesota communities through grants. programs and business financing. We are proud to serve the 14 counties of Central Minnesota that include 160 hometowns and two tribal nations,each with its own unique character and local assets. Woven into our fabric is the firm belief that a quality job is the most essential element of ja stable family and a strong community We offer business loans to secure quality jobs. and we invest grants in workforce training to fill these job opportunities.Our goal is to support local business growth and attract new revenue to the region u r'' i_.ra 1'40V,:...\. , _ lz'. ...'.._ _ , ..fi . - ,, ' . :q I, I I..1,1. .r.I 04..,^,Tt, Community Central Minnesota is defined by its quality of life -the special people,places and or- ganizations of each hometown We gather business,nonprofit and government leaders to identify and enhance these unique assets.Working together,we inspire community service and plan for a brighter future. We help donors give back to Central Minnesota and leave a permanent legacy.Every donated dollar is matched by The McKnight Foundation and returns more than$6 in grants.loans and scholarships to the region.We also work with families,businesses and nonprofits to create named funds that support their favorite charities For more information, contact: Initiative Foundation ~ (877)632-9255 I infoOifound.org ..- ;-_ .„ Y °' r 1 I f 0 i1' f 9 ,y ound or � +R'?s'+.?� t?2=j?,. r l�!� _. Si�i�., r-1 i Ott!{'I aI� MN�6.3.;! L.;.= Initiative • FOUNOATtO fJ t Initiative Foundation at work in SHERBURNE COUNTY 78 99 3 18 in focal corlations to the Initiative Foundation. $4 , 5 MILLION returned to Sherburne County n grants loans,and scholarships. . 4 Our HiSSi011: Return on Investment Unlock the power of central Minnesota people For every local dollar contributed,the Initiative to build and sustain Foundation has invested$5,72 back into Sherburne thriving communities County.All endowment contributions are matched by The McKnight Foundation 405 First Street SE Little Falls.MN 5634 320 632 9255 Econorraic Impact ifound.org )1986 to present) -Awarded 292 grants totaling$1.2 million Awarded 232 scholarships totaling $195,325 -42 loans totaling $2.9 million -Secured 447 quality jobs -Leveraged $1 .7 million In private business financing ror4- ir, Powering Possible SHE R B U R N E COUNTY Investment Highlight For a full listing of Initrotiue Foundation inuestments in Sherburne County. Contact us at(877)632-9255. Grants Thriving Economy Thriving Communities 726 Cadets.Inc Elk River Elk River area marching band scholarships and percussion improvements City of Big Lake River Oaks park and trail plan Community Aid of Elk River(CAER) Car care,technology planning for Elk River-area nonprofit.Kidz Ritz Early childhood school readiness project.Ivan Sand Community High School Elk River School District technology enhancements.Early Childhood Family Education strengthening family ties evening of the arts Faith in Action Greater Sherburne Ca my Becker TOP Financial Resiliency througr Social Enterprise services for individuals and families in crisis Friends of Sherburne National Wildlife Refuge Zimmerman Nature Explore Center enhancements Great River Family Promise.Elk River Aftercare program for Elk River-area families.transportation assistance for homeless families Land of Lakes Choirboys of MN Inc Elk River SingOuti festival Tri-County Action Program Inc Elk River Tax preparation for low-income families YMCA of Greater Twin Cities.Elk River Elk River YMCA Youth Activity Center and Leaders Club Business Financing Local ownership duality Jobs Advanced Extrusion,Inc.,Becker Manufacturer of plastic roll stock for consumer/food:.electronic and medics:markets Becker Screenprint.Inc.Becker Commercial garment screen print Bamatrix Inc..Princeton Manufacturer of products for agriculture markets Gordon Training Center,Prince-ton Horse training showing and breeding PK Partners I LC dba Miller Environmental.Inc..Elk River Distributor of wastewater treatment systems Charitable Funds Activating Generosity Three Rivers Community Foundation I Archie L Isabelle Powell Family Memorial Scholarship Fund I Friends of Sherburne National Wildlife Refuge Fund I Josh Richardson Youth Arts Fund I Manufacturing Fund of Central Minnesota I Mel Er Jeanette Beaudry Fund I Princeton Economic Development Loan Fund 1St. Cloud State University Microlending Fund I ZES Scholarship Fund Technical Assistance Passive Components E Laser Works Becker Certifications Advanced Extrusion.Becker Operational analysis Becker Machine.Princeton Financial analysis Community Action The Power of Partnership Biomatrix a manufacturer of additives Foundation provided financing for equipment areas surrounding Elk River.Otsego Rogers for livestock and companion animals with used to package the product and Zimmerman the help of the Initiative Foundation.has -he Three Rivers Community reundauon The 728 Cadets Marching Band of Elk embarked on an effort to produce an algae based in Elk River has set a goal of$3 River received$2.100 to provide support derived feed product rich in omega 3 fatty million for its endowment The foundation for student scholarships and percussion acids Omega-3 rich algae can replace or wax started In I990 and evrsts to nip.ove upgrades increasing program accessibility supplement uie use of fish oil and fish meal the quality of life fc its service area within for area students and improving the overall and are a renewable resource The Intrative Independent School District 726 aria the musical experience qInitiative FOUNDATION 2015 Endowment Confirmation Please indicate below your decision regarding support for the Initiative Foundation. • YES, we have approved a Foundation contribution in 2015. H NO, we have declined a Foundation contribution in 2015. Name of city or county Date action taken / /___ Approved 2015 contribution $ Please send us an invoice ... El by 6/30/15 or E on (Preferred payment schedule) n not necessary, we'll send payment without an invoice Government official NAME TITLE Signature DATE The Initiative Foundation will be migrating to paperless correspondence. Please provide your email address and add @ifound.org to your organization's safe sender's list. EMAIL ADDRESS ElPlease select the checkbox if you'd prefer to receive traditional correspondence. Thank you for considering this request. We look forward to your partnership and support in 2015. Email: info@ifound.org I Phone: (877) 632-9255 I Fax: (320) 632-9258 Mail: 405 First St. SE, Little Falls, MN 56345 13201632-9255 1,,,.:—.0111C F,st utrtet 5[ Initiative tt Er-(, Mr, b!. FQUNahrt4N, �t a wU. July 11,2014 v / !fount Brian Beeman 1 1� 1 ,\I` AI City of Elk River Economic Development Authority L } 7 - f-t... 13065 Orono Parkway Elk River, MN 55330 RE: 14-4694 1 Dear Mr. Beeman: Greetings! We are pleased to provide the enclosed check in the amount of$500 for the purpose of Upper Midwest Economic Development Course. The Initiative Foundation(the Foundation) has approved this grant on the following terms; 1. Allowable Uses of Funds. The grant recipient shall use the funds only for charitable,scientific, literary,education or religious purposes within the meaning of Section 170(c)(2)(8)of the Internal Revenue Code of 1986,as amended(the"Code"). 2. Restrictions. The grant recipient will not use any of the grant dollars to:a)carry on propaganda,or otherwise attempt to influence legislation; b) participate in,or intervene in any political campaign on behalf of(or in opposition to) any candidate or public office;c) undertake activities that support terrorism;d)provide benefit to the donor or fund advisor in connection with this grant;or e) undertake any activity for any purpose other than one specified in section 170(c)(2)(B)of the Code. 3. Applicable Laws. The terms of the grant will be construed in accordance with the laws of the State of Minnesota. 4. Grant Acknowledgement. The recipient of this grant shall specifically reference the Initiative Foundation,a regional foundation,in all media releases and public relations materials where information regarding or resulting from this grant is presented. 5. Reporting. Although there are no official reporting requirements,we request that you provide feedback at the conclusion of your event/project. Information such as number in attendance and any significant goals accomplished or next steps determined is very helpful. 6. Modification. The terms of this grant can be modified only in writing signed by an authorized officer of the grant recipient and by the Foundation. 7. Violation of Terms. If the grant recipient violates any of the terms of the agreement the Foundation reserves the right, in its absolute discretion, to terminate the agreement. Upon termination of this agreement for any reason,the grant recipient will repay to the Foundation any portion of the grant not previously spent for the grant's purpose,and the Foundation will have no further obligation to the grant recipient. 1 ,, , ,., i ',,'- 045231 jinitiative FOLEY,h911556329 NATIONAL COUD,AN4 56301 45231 t �ir I' 75-727/919 FOUNDATION soar �[,?Ek 406 FIRST STREET SE DATE AMOUNT LITTLE FAILS.MN 56345 (320)632.9255 **500;00 7/8/2014 PAY Five hundred and 00/100 ass********r****s*******************r r*****************.**********r** TWO SIGNATURES REQUIRED FOR CHECKS OVER$10.000 TO THE City of Elk River EDA 13065 Orono Pkwy ORDER Elk River MN 55330 }t Grant#1F 14-4694 He0it 5 23 iii• 1:©919 & 72701: L0225730 INITIATIVE FOUNDATION 045231 9$:1. City of Elk River EDA 7/8/2014 Dare I),,.,r.p o,t <1rtL.;l;t-, ,, . [) , I 1,I.,+Lnx ',rru ,, 6/30/2014 Bill#Grant#1F14-4694 500.00 500.00 500.00 1000 Falcon National Bank-Cash... Grant#1F14-4694 500.00 1`20;632 9255 I S,r c 5E Initiative _t,« F,,.I- MNSf3,', if F.DU N0RTiDN July 11, 2014 , ifoand.vey Brian Beeman ! •' 1 111 City of Elk River Economic Development Authority 1I 1 13065 Orono Parkway 4.,,. u Elk River,MN 55330 RE: 14-4693 E(//"„ / Dear Mr. Beeman: Greetings! We are pleased to provide the enclosed check in the amount of$1,250 for the purpose of Finance Professional Certification. The Initiative Foundation(the Foundation)has approved this grant on the following terms; 1. Allowable Uses of Funds. The grant recipient shall use the funds only for charitable,scientific, literary,education or religious purposes within the meaning of Section 170(c)(2)(B)of the Internal Revenue Code of 1986,as amended (the "Code"). 2, Restrictions. The grant recipient will not use any of the grant dollars to:a)carry on propaganda,or otherwise attempt to influence legislation; b) participate in,or intervene in any political campaign on behalf of(or in opposition to)any candidate or public office;c)undertake activities that support terrorism; d) provide benefit to the donor or fund advisor in connection with this grant;or e) undertake any activity for any purpose other than one specified in section 170(c)(2)(B)of the Code. 3. Applicable Laws. The terms of the grant will be construed in accordance with the laws of the State of Minnesota. 4, Grant Acknowledgement. The recipient of this grant shall specifically reference the Initiative Foundation,a regional foundation, in all media releases and public relations materials where information regarding or resulting from this grant is presented. 5. Reporting. Although there are no official reporting requirements,we request that you provide feedback at the conclusion of your event/project. Information such as number in attendance and any significant goals accomplished or next steps determined is very helpful. 6. Modification. The terms of this grant can be modified only in writing signed by an authorized officer of the grant recipient and by the Foundation. 7. Violation of Terms. If the grant recipient violates any of the terms of the agreement the Foundation reserves the right, in its absolute discretion, to terminate the agreement. Upon termination of this agreement for any reason, the grant recipient will repay to the Foundation any portion of the grant not previously spent for the grant's purpose,and the Foundation will have no further obligation to the grant recipient. [:'—‘' Wl@AHiED 045 230 ifInitiative FALCON NATIONAL SANK FOLEY.NN • CLOUD. 56301 45230 7S-727/919 4r FOUNDAT I ON 405 FIRST STREET SE • ' LITTLE FALLS,MN 56345 DATE AMOUNT { )632.9255 **1,250 00 7/8/2014 PAY One thousand two hundred fifty and 001]0a*********.******************************************************* TWO SIGNATURES REQUIRED FOR CHECKS OVER$10,000 TO THE City of Elk River EDA 13065 Orono Pkwy ORDER Elk River MN 55330 OF .� 64/V1 • •, •OGNA RE t 5 f.+ Grant#ED14-4693 11.045 230n• 1:0919 i ? 2 701: i0 2 25 ?311' INITIATIVE FOUNDATION 045230 City of Elk River EDA , 7/8/2014 npt it 1r ii. I)I, 01,,0I 1ni tn;l 6/30/2014 Bill#Grant#ED14-4693 1,250.00 1,250.00 1,250.00 1000 Falcon National Bank-Cash... Grant#ED14-4693 1,250.00