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8.0. EDSR 08-09-2004 ITEM # 8. City of Elk River MEMORANDUM TO: Economic Development Authority FROM: Catherine Mehelich, Director of Economic Development DATE: August 9, 2004 SUBJECT: Consider Year 2005 EDA Budget Attachments • Budget worksheet—EDA Projected Revenue &Expenses • Budget worksheet—Business Incubator Projected Revenue &Expenses • Initiative Foundation Information • Economic Development Authority Budget Summary The Economic Development Department consists of two separate budgets including: • Economic Development Authority • Housing&Redevelopment Authority In the past the City General Fund supported 20% of the personal service expenses. Starting in 2003 the EDA and HRA levies have been feasible to balance the Economic Development Department without the General Fund. Revenues are estimated at 10%growth in market value for year 2005. In 2004 the Personal Service costs (salaries and benefits) were adjusted from 70/30 percent EDA and HRA respectively, to 60/40 percent. The same is proposed for 2005. • Other common administrative expenses are proposed to be shared by the EDA and the HRA. As in previous years, the HRA would make a one time transfer in the amount of $3,500 to the EDA in year 2005 to cover approximately 37% of the shared expenses. Following is a line item analysis of the proposed year 2005 expenditures for the EDA: • Personal Services (including commissioners compensation) $ 97,950 • Office Supplies (shared with HRA) $ 2,000 • Fuels &Lubricants (shared with HRA) $ 150 • • Legal Fees $ 5,000 Consider EDA Year 2005 Budget August 9,2004 EDA Meeting Page 2 of 3 • • Other Professional Services $ 10,000 o Ehlers &Assoc., HRGreen, etc. services • Telephone (shared with HRA) $ 200 • Postage (some shared with HRA) $ 2,000 • Travel, Conference &Schools (shared with HRA) $ 5,600 • Advertising/Marketing $ 56,600 o Advertising/Public Relations/Website $ 49,500 o Community Profile (Design&Print) $ 1,500 o MN Technology Assistance Program $ 5,000 o Elk River Rotary Membership $ 600 • Publishing $ 1,000 • Insurance $ 500 • Dues & Subscriptions (shared with HRA) $ 1,400 • Miscellaneous o Chamber of Commerce July 4th contribution $ 6,000 o Initiative Foundation contribution $ 2,500 • Transfer out to General Fund for support staff, etc. $ 17,000 Total EDA Year 2004 Proposed Expenditures $207,900 Total EDA Year 2004 Projected Revenues $266,900 The proposed budget includes a contribution to the Initiative Foundation in 2005. Last year the EDA authorized an annual contribution of$2,500 to the Initiative Foundation, up to the total amount requested from the City of Elk River ($7,429 net balance). Information about the Initiative Foundation's $5,000 request for year 2005 is attached. The projected balance of$59,000 will be put into the EDA reserves for any future project expenses. Business Incubator Budget Summary The EDA Business Incubator budget is based upon the assumption that the program continues as it has over the past seven years in Larry Hickman's building space. In 2003 the EDA reduced the lease space to 3 suites (6,669-square feet) for a 2-year extension on the Business Incubator lease with Mr. Hickman. The building owner handles the building maintenance. The current lease expires April 15, 2005. Mr. Hickman is open to extending the EDA's lease for another 12—24 months at the current rate of$2.10-per square foot. Staff continues to explore options for more "technology-friendly" space. The EDA Business Incubator budget includes projected revenue from rent expected in the amount of$15,000 in 2005, assuming 31%vacancy rate. The projected rent revenue assumes cash rent per square foot at$4.00. A base rent value of$10.00 per square foot has been used to determine the cash rent/stock value conversion. A cash rent of$5.25 would be • required from all 3 tenants in order to breakeven on the annual operating expenses. Consider EDA Year 2005 Budget August 9,2004 EDA Meeting Page 3 of 3 Currently two of the suites are occupied by K-Netica and Lap2 Technology. Proposed business incubator expenses include the following: Other Professional Services (Genesis Business Centers) $12,000 Legal $ 1,500 Advertising/Marketing $ 3,000 Building Rent (3 suites plus common areas) $15,000 Total Business Incubator Expenditures $31,500 Total Business Incubator Revenues $15,000 The approximate$16,500 shortfall in this budget is proposed, as it has been in the past, to be funded through the use of funds generated by Tescom Corporation's loan repayment. The cash balance in this account could fund the annual estimated financial gap of the Incubator Program through year 2009. If a new Incubator concept is considered at any time in the future, the Business Incubator Program budget would be reviewed by the EDA for adjustment. Recommendations Staff recommends the EDA consider approval of the Year 2005 EDA Budget as presented. • Staff recommends the EDA consider approval of the Year 2005 Business Incubator Budget presented. EDA PROJECTED REVENIN S EXPENSES BUDGET WORKSHEET Proposed 2005 Budget Date: 08/04/04 Time: 2:19pm CITY OF ELK RIVER Page: 1 Prior Current Year Year Original Amended Actual Thru Estimated 411111 12/31/04 Actual Budget Budget December Total Requested Recommended Adopted Fund: 920 EDA Revenues 3100 General property taxes 3111 Current Ad Valorem Taxes 195,444 230,350 230,350 111,769 249,500 261,400 General property taxes 195,444 230,350 230,350 111,769 249,500 261,400 3300 Intergovernmental revenue 3322 MV Credit 10,388 0 0 0 3342 Other Local Grants 5,000 0 0 0 Intergovernmental revenue 15,388 0 0 0 3620 Other revenue 3621 Interest Income 2,026 2,000 2,000 1,331 3,000 2,000 3629 Miscellaneous Revenue 0 0 0 0 Other revenue 2,026 2,000 2,000 1,331 3,000 2,000 3920 Transfers in 3949 Transfer-HRA 3,500 3,500 3,500 0 4,000 3,500 Transfers in 3,500 3,500 3,500 0 4,000 3,500 Total Revenues 216,358 235,850 235,850 113,100 256,500 266,900 iditures Dept: 620.621 ECONOMIC DEVELOPMENT 4100 Personal services 4101 Regular Pay 74,686 62,050 62,050 26,849 67,700 67,700 4102 Overtime Pay 0 0 0 0 4103 Part-time Pay 12,600 12,600 12,600 5,926 12,600 12,600 4104 PERA 4,074 3,800 3,800 1,685 4,100 4,100 4105 FICA 4,812 4,600 4,600 2,073 5,000 5,000 4107 Medicare 1,125 1,100 1,100 485 1,150 1,150 4108 Insurance 9,507 6,900 6,900 3,492 7,200 7,200 4109 Workers Comp 263 200 200 137 200 200 Personal services 107,067 91,250 91,250 40,647 97,950 97,950 4200 Supplies 4201 Office Supplies 1,968 3,450 3,450 3,184 2,000 2,000 4212 Fuels & Lubs 68 150 150 48 150 150 Supplies 2,036 3,600 3,600 3,232 2,150 2,150 4300 Other services & charges 4304 Legal Fees 999 1,750 1,750 1,181 2,000 5,000 4er Professional Services 9,797 10,000 10,000 4,913 4,500 10,000 4321 Telephone 76 200 200 71 200 200 4322 Postage 533 1,500 1,500 997 2,000 2,000 BUDGET WORKSHEET PROJECTED $impetus Proposed 2005 Budget Date: 08/04/04 Time: 2:19pm CITY OF ELK RIVER Page: 2 Prior Current Year Year Original Amended Actual Thru Estimated ill 12/31/04 Actual Budget Budget December Total Requested Recommended Adopted Fund: 920 EDA Expenditures Dept: 620.621 ECONOMIC DEVELOPMENT 4300 Other services & charges 4331 Travel, Conferences & Schools 7,507 6,000 6,000 3,039 5,600 5,600 4349 Advertising/Marketing 58,861 53,500 53,500 11,477 56,500 56,600 4359 Publishing 139 1,000 1,000 839 1,000 1,000 4361 Insurance 278 500 500 0 500 500 4433 Dues & Subscriptions 2,515 1,400 1,400 1,232 1,400 1,400 4440 Miscellaneous 11,020 8,500 8,500 130 8,500 8,500 Other services & charges 91,725 84,350 84,350 23,879 82,200 90,800 4500 Capital outlay 4560 Equipment 0 0 0 0 Capital outlay 0 0 0 0 4700 Transfers out 4721 Transfer-General Fund 5,000 15,750 15,750 0 15,750 17,000 Transfers out 5,000 15,750 15,750 0 15,750 17,000 •ECONOMIC DEVELOPMENT 205,828 194,950 194,950 67,758 198,050 207,900 Total Expenditures 205,828 194,950 194,950 67,758 198,050 207,900 EDA 10,530 40,900 40,900 45,342 58,450 59,000 • BUDGET WORKSHEET Proposed 2005 Budget MCNIKIND IIMMININI it 11111PINIKII Date: 08/04/04 Time: 11:53am CITY OF ELK RIVER Page: 1 Prior Current Year Year Original Amended Actual Thru Estimated 12/31/04 Actual Budget Budget December Total Requested Recommended Adopted Fund: 920 EDA Revenues Function: 600 Economic development 4afi23 BUSINESS INCUBATOR 3620 Other revenue 3629 Miscellaneous Revenue 10,532 15,000 15,000 13,386 15,000 15,000 Other revenue 10,532 15,000 15,000 13,386 15,000 15,000 3920 Transfers in 3921 Transfers 17,528 16,300 16,300 0 16,500 16,500 Transfers in 17,528 16,300 16,300 0 16,500 16,500 BUSINESS INCUBATOR 28,060 31,300 31,300 13,386 31,500 31,500 Economic development 28,060 31,300 31,300 13,386 31,500 31,500 Total Revenues 28,060 31,300 31,300 13,386 31,500 31,500 Expenditures Function: 600 Economic development Dept: 620.623 BUSINESS INCUBATOR 4200 Supplies 4219 Operating Supplies 31 0 0 0 • Supplies 31 0 0 0 4300 Other services & charges 4304 Legal Fees 419 1,500 1,500 473 4319 Other Professional Services 12,000 12,000 12,000 7,000 13,500 13,500 4349 Advertising/Marketing 0 3,000 3,000 0 3,000 3,000 4405 Cleaning Services 0 0 0 0 4412 Building Rent 15,611 14,800 14,800 8,620 15,000 15,000 Other services & charges 28,030 31,300 31,300 16,093 31,500 31,500 4500 Capital outlay 4520 Buildings & Structures 0 0 0 0 Capital outlay 0 0 0 0 BUSINESS INCUBATOR 28,061 31,300 31,300 16,093 31,500 31,500 Economic development 28,061 31,300 31,300 16,093 31,500 31,500 Total Expenditures 28,061 31,300 31,300 16,093 31,500 31,500 EDA -1 0 0 -2,707 • • June 23, 2004 INITIATIVE FOUNDATION Stephanie Klinzing, Mayor City of Elk River 13065 Orono Pkwy Elk River, MN 55330-5600 RE: 2005 Budget Request for Initiative Foundation Support of$5000. Dear Mayor Klinzing and Members of the Elk River City Council, Since 1986 the Initiative Foundation has been focused on nothing more . . . and nothing less . . . than the health, vitality and sustainability of communities within the 14-county area we serve. Initially begun as a means for the McKnight Foundation to extend its influence outside the metro area, the Minnesota Initiative Foundations (MIF) model is today nationally recognized for its citizen-centered approach to community development. We recognize the significant strengths and assets that already exist here in Central Minnesota and build upon them with three broad areas of support: • Partnering Programs that increase the capacity of local citizens to create a shared vision 40 and then make it a reality • Economic Development in the form of gap financing and loan guarantees for the purpose of creating and/or retaining living wage jobs • Grant Making for projects that will enhance community life by positively impacting any of our key focus areas: Children, Youth and Families; Environmental Stewardship; Technology Utilization; Embracing Diversity; Economic Stability; Capacity of Non- Profit Organizations While core values, ethical principles and lofty visions make great copy, they also serve to keep us grounded and focused. I hope you will agree, however, that above all else is the Initiative Foundation's demonstrated history of practicing what we preach. We live out our values in real time, in real communities and in the experiences of real people . . . all to the benefit of this beautiful region we are fortunate to call "home." I invite you to refer to the information enclosed with this mailing for a fuller picture of"who we are and what we do." Central Minnesota communities are in the midst of some very challenging times and by virtue of our strategic viewpoint, the Foundation Board and Staff are keenly aware of the issues you must face. Tightened budgets, balancing infrastructure with the pace of growth, the social impact of meth-labs, alternatives to "smokestack chasing" for rural community economic development, affordable housing issues . . . the list goes on. We continue to believe in the collective willpower and intellect of committed local citizenry as the answer to these and any issues that arise. "Local people know best. " The potential is here, and together we can unlock it! • Stephanie Klinzing Page 2 June 23, 2004 Please consider our request for $5000 of support from your City in 2005 based upon the enclosed Minnesota State Statute 469.191. As in the past, the McKnight Foundation will provide a dollar-for-dollar match for gifts received between now and June 30, 2007, significantly leveraging your generosity. Thank you for your consideration. Sincerely, QdCiatt-6 Curt Hanson Vice President for Donor Services Enclosures cc: Kathy Gaalswyk, President • Mark Lease, Donor Services Office CI:N'I'It:\I. NIINNI:ti()'1:1;NIti INI'I'I:�1'IVI•: MI ) • 1.0.5 In<sr Srw;irr SI•: Lrr'rl.r: FALLS. 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A home rule or statutory city or town described in section 368.01, subdivision 1 or la, may appropriate not more than $50,000 annually out of the general revenue fund of the jurisdiction to be paid to any incorporated development society or organization of this state for promoting, advertising, improving, or developing the economic and agricultural resources of the city or town. HIST: 1989 c 165 s 1 Copyright 1999 by the Office of Revisor of Statutes, State of Minnesota Projects Funded in Sherburne County . . 411 (through 5/31/04 INITIATIVE FOUNDATION GRANTS AWARDED ... ORGANIZATION NAME PROJECT TITLE AMOUNT FY 2004 Elk River Area Arts Alliance* New Art Classes $1,500 Elk River School District* Student Organized Business Advisory Committee 2,000 Elk River School District* LINK Crew 1,500 Guardian Angels of Elk River, Inc. "To Tell Their Story"Campaign 2,000 Sherburne County Soil&Water Cons. District Briggs Lake Chain Assn.-2003 Reunion Door Prize 500 Youth Investment Foundation, Elk River* Scholarship and Activity Fees 2,000 FY 2003 ARC Central Minnesota, St.Cloud Healthy Organizations Partnership(Multi-Year) 5,000 Boys&Girls Club of Elk River Healthy Organizations Partnership(Multi-Year) 5,000 Economic Dev.Authority/City of Elk River Industrial Park Technical Support 5,000 Sherburne County, Elk River 21st Century Fairgrounds Planning 5,000 Sherburne County Historical Society, Becker Healthy Organizations Partnership-Strategic Planning 2,000 University of MN Extension Service-Sherburne County, Elk River Never Married Parenting/CURA Research 1,500 FY 2002 Big Brothers Big Sisters of Central MN,St. Cloud* Youth Mentoring Program-Elk River Office 2,400 Boys&Girls Club of Elk River* Education Room 4,000 Boys&Girls Club of Elk River Youth Asset Sustainability Project 10,000 Command Performances Girls Choir, Elk River* Dramatic Arts and"A Visit To Europe" 4,150 Cura Center, Inc. DBA-New Beginnings,Elk River Strategic Planning 2,000 Elk River School District/Special Education Dept.* Parent Link Project 2,450 411, River School District/Rogers Elementary* Mentorship and Professional Advocacy Program 1,000 River School District/Rogers Junior High* Peer Mediation Program 1,380 Elk River School District/Education-to-Employment Partnership* Elk River High School Metal Shop Support 1,600 Elk River School District/Education-to-Employment Partnership* Elk River High School Metal Shop Support 1,275 Elk River School District/Meadowvale Elementary* "Let's Make a Difference"Videos 820 Elk River Watershed Association Joint Powers Board Healthy Lakes Partnership Training 20,000 Hoofbeats and Heartbeats, Inc., Elk River* Educational Outreach 1,760 Opportunity Partners, Inc., Elk River* Household Furnishings/Improvements 2,500 Rivers of Hope, Elk River* Office Consolidation 3,500 Rivers of Hope, Elk River Office Consolidation 2,000 Sherburne County Historical Society, Becker* "Building the Legacy"Video 3,000 The Elk River Area Arts Council* Public Relations Project 1,050 Youth Investment Foundation, Elk River Timber Bay Activities 2,000 FY 2001 2001 Arts Alliance, Elk River* Artsoup 2001 5,000 Big Lake Visioning Committee Lakes Area Multi-Purpose(LAMP) 5,000 Boys&Girls Club of Elk River Crisis Training 2,500 Boys&Girls Club of Elk River* Education Program 5,000 Central MN Sexual Assault Center,St.Cloud* Central MN SANE Project 10,000 Elk River Area Arts Council * Newsletter Development 1,935 Elk River Community Theatre* Fall/Spring Concert Series 3,670 Elk River School District* Computer Replacement 6,050 Elk River School District* Elk-Hi Stadium 10,000 Elk River School District* Enriched Tutorial 5,000 Elk River School District* Parent Handbook/Background Checks 13,600 Elk River School District Youth Apprenticeship/Job Shadowing 10,000 Elk River School Dist./Parents Involved Net., Salk Jr. High* PC Lab 35,200 nd of Lakes Choirboys, Elk River Town Choir Tour 5,000 onia Township,Zimmerman* Planning for"Green"Township Hall 5,000 1 ORGANIZATION NAME PROJECT TITLE AMOUNT Lord of Glory Lutheran Church, Elk River* National Youth Gathering 4,732 Opportunity Partners, Inc., Elk River* Household Furnishings/Improvements 3,500 Rogers Lions Club* School District Finance News 1,8 St.John Lutheran School, Elk River* Outdoor Education Event 4,0 110 Special Olympics of Elk River* Team Expenses 5,000 Three Rivers Community Theatre* Mural Painting 3,000 FY 2000 Big Brothers Big Sisters of Central MN,St. Cloud* Eastern Sherburne Co. Branch Office 4,000 Big Lake School District Co-location 5,000 City of Zimmerman Zimmerman Youth Center 30,000 Elk River Area Schools* Landscaping for Pleasure&Achievement 1,000 Elk River Area Schools Special Education* Parent Networking Project 2,302 Elk River Area Women of Today* Lice Bucket Program 4,950 Elk River Community Theatre* Performance Schedule 1,500 Elk River School District* Scholarships 500 Elk River School District EBD* Mental Health Forum 1,250 Greater Zimmerman Area Chamber of Commerce* "A Frontier Holiday" 1,000 Opportunity Partners, Inc., Elk River* Furnishings and Appliances 1,000 Rivers of Hope, Elk River Youth Advocacy Program 15,000 Rivers of Hope, Elk River* Safe Start 10,000 Rum River Health Services, Inc., Elk River* Northland Women's Health Event 1,000 Zimmerman Elementary* Read To Succeed 500 FY 1999 2001 Arts Alliance, Elk River* ArtSoup-Elk River Area Community Art Festival 1,000 City of Zimmerman Livonia/Zimmerman Voices for Community Choices 10,000 Education to Employment, Elk River EEP Coordinator 10,000 Elk River Area Arts Council * General Operating 3,000 Elk River School District* Community Band and Choir 300 Livonia-Zimmerman Voices for Com. Choices* Building a Community of Promise 3,000 Rivers of Hope, Elk River* Violence Prevention/Intervention Services 4,0111 Sherburne County Scenic Area Land Preservation 5,0 Sherburne County Extension Service* Sherburne County Master Gardeners 600 Sherburne County Public Health Circle of Prevention-An Assessment of Parents 2,500 St.John Lutheran School, Elk River* Art Immersion Day 550 St.John Lutheran School, Elk River* St.John Theatrical Exposure Event 750 The 2001 Committee, Inc., Elk River Elk River Area Planning&Visioning Preparation 2,500 The 2001 Committee, Inc., Elk River Healthy Community Partnership Training 10,000 FY 1998 2001 Arts Alliance, Elk River* Elk River Area Community Art Festival 1,500 City of Becker Senior Housing Study 1,000 Elk River Area Chamber of Commerce Leadership Elk River 1,500. Elk River Area Citizens League* County Committee Structure Study 1,000 Elk River School District* VandenBerge Community Center 3,000 Elk River Youth Initiatives* Youth Initiatives Mentoring 3,400 Guardian Angels of Elk River, Inc. Child Care Center 10,000 Rivers of Hope, Elk River* Youth Advocacy Program 4,000 R.W. Handke Magnet Elem. School, Elk River* Odyssey of the Mind Training Sessions 250 Salk Jr. High Improv Troupe, Elk River* Improv Troupe 2,550 St.Andrew's Catholic School,Elk River* COMPAS Artist Residency Program 900 FY 1997 Big Brothers/Big Sisters, Elk River Sherburne County Expansion Project 5,000 Big Brothers/Big Sisters, Elk River* Eastern Sherburne County Branch Office 2,000 Big Lake School District Focus Group 10,000 City of Big Lake Implementing Community Vision 10,000 City of Elk River* Education Officer Project 4,000 City of Elk River* Elk River Heritage Festival 1,000 City of Rogers* Senior Housing Study 2,00Alk City of Zimmerman Creating A Healthy Sustainable Community 10,00W Elk River School District Sherburne County Violence Prevention Activity 8,000 2 ORGANIZATION NAME PROJECT TITLE AMOUNT Guardian Angels of Elk River, Inc.* Elk River Senior Center/Dining Site 3,000 Rum River Health Services, Elk River Rum River Inter-Faith Caregivers 5,000 The 2001 Conf.Planning Committee, Elk River* Enriching Our Communities 750 1996 ig Brothers/Big Sisters, Elk River Sherburne County Expansion Project 10,000 City of Big Lake Area Community Planning/Leadership Dev. 2,500 Elk River Community Theatre* My Fair Lady 2,500 Elk River Leadership Council* Area Youth Salute 1,000 Land of Lakes Choirboys, Inc., Big Lake* Salem Boys Choir Festival 1,900 Parker Elementary School, Elk River* Software Language Enhancement 699 Rivers of Hope, Elk River* Community&Youth Advocacy 1,500 Rivers of Hope, Elk River* Youth Advocacy Program 5,300 FY 1995 Big Lake School District HELPS 2,500 City of Elk River/Chamber of Commerce* Leadership of Elk River 1,000 Elk River Area Citizens League* Arts in Building a Healthy Community 1,500 Rivers of Hope, Elk River* Youth Violence Prevention 1,500 Village Family Service Center, Elk River* Expanded Education 2,100 FY 1994 Elk River Area Arts Council * Strings for Youth Programs 1,000 Sherburne Natural History,Zimmerman From Plow Furrows to Prairies 10,000 The 2001 Committee, Inc., Elk River Elk River Area Youth Task Force 25,000 The 2001 Committee, Inc., Elk River Education Awareness 2,050 FY 1992 Elk River Community Education Community Volunteer Network 15,000 FY 1991 Child Care Mini Grants Sixteen Individual Awards 2,563 City of Becker Community Planning 1,000 FY 1990 Greater Elk River Task Force Domestic Violence/Advocacy 12,000 ikerburne County Historical Society, Becker Courthouse Preservation 4,000 erburne Economic Development Com. Community Planning 1,000 The 2001 Committee, Inc.,Elk River Youth Survey Conference&Action Plan 1,000 TLC and Company, Inc., Elk River Facility Improvements/Staff Training 3,887 FY 1989 City of Elk River Wilderness Trail 5,000 Sherburne County Health Services Central MN Water Quality 44,200 Sherburne County Social Services Young Parents Program 1,350 FY 1988 Central MN Mental Health Center, Elk River Community Response to Youth Stress 3,000 City of Zimmerman Community Planning 1,000 Sherburne County Health Services Community AIDS Education 10,000 FY 1987 Sherburne County Health Services Water Quality 34,352 TOTAL GRANTS (150): $678,375 SCHOLARSHIPS AWARDED ... FUND NAME RECIPIENT/COMMUNITY AMOUNT FY 2004 Charity Evenson Memorial* Anoka-Ramsey Community College $500 Charity Evenson Memorial* Calvin College 500 Charity Evenson Memorial* St. Cloud State University 500 Charity Evenson Memorial* University of MN-Duluth 500 Charity Evenson Memorial* University of MN 500 FY 2003 Iarity Evenson Memorial* Bemidji State University 500 arity Evenson Memorial* Bethel College 500 Charity Evenson Memorial* Bethel College 500 Charity Evenson Memorial* North Hennepin Community College 500 3 FUND NAME RECIPIENT/COMMUNITY AMOUNT Charity Evenson Memorial* Oak Hills Christian College 500 Charity Evenson Memorial* University of St Thomas 500 Charity Evenson Memorial* University of Wisconsin-Madison 500 Charity Evenson Memorial* Vermillion Community College 50 Powell Scholarship Fund* Elk River Area Schools 250 Powell Scholarship Fund* Elk River Area Schools 250 FY 2002 Charity Evenson Memorial* Anoka Ramsey Community College 500 Charity Evenson Memorial* Art Institute Intl Minnesota 500 Charity Evenson Memorial* Bethel College 500 Charity Evenson Memorial* Minneapolis Business College(2 awards, $500 each) 1,000 Charity Evenson Memorial* St. Cloud State University 500 Charity Evenson Memorial* University of North Dakota 500 Zimmerman Lions PTO* Zimmerman Elementary School(2 awards) 1,000 FY 2001 Charity Evenson Memorial* Northwestern College 500 Charity Evenson Memorial* Anoka Ramsey Corn. College(2 awards,$500 each) 1,000 Powell Scholarship Fund* Elk River Area Schools 250 Zimmerman Lions PTO* Zimmerman Elementary School (4 awards) 1,750 FY 2000 Charity Evenson Memorial* Elk River High School(3 awards of$500 each) 1,500 Charity Evenson Memorial* University of MN 500 Powell Scholarship Fund* Elk River High School 250 Zimmerman Lions PTO* Zimmerman Elementary School(5 awards) 2,500 FY 1999 Charity Evenson Memorial* Elk River High School(4 awards of$500 each) 2,000 Zimmerman Lions PTO* Zimmerman Elementary School(2 awards) 600 FY 1998 Powell Scholarship Fund* Elk River High School 251 Zimmerman Lions PTO* Zimmerman Elementary School(2 awards) 60 FY 1997 Zimmerman Lions PTO* Zimmerman Elementary School 500 FY 1996 Powell Scholarship Fund* Elk River High School 250 Zimmerman Lions PTO* Zimmerman Elementary School(2 awards) 670 FY 1995 Powell Scholarship Fund* Elk River High School 250 Zimmerman Lions PTO* Zimmerman Elementary School 555 FY 1994 Powell Scholarship Fund* Elk River High School 250 Zimmerman Lions PTO* Zimmerman Elementary School 500 FY 1993 Powell Scholarship Fund* Elk River High School 250 TOTAL SCHOLARSHIPS (60): $26,425 * Denotes awards made by the Three Rivers Community Foundation, a component fund of the Initiative Foundation. MULTI-COUNTY PROJECTS ... GRANT- ORGANIZATION/PROJECT TITLE COUNTIES SERVED AMOUNT FY 2004 American Red Cross of Central MN Chapter, St. Cloud; Benton, Kanabec, Mille Lacs, Morrison, Pine, Sherburne, $1,000 2004 Strategic Planning Session Stearns,Todd Big Brothers Big Sisters of Central MN, Inc., St. Cloud; Benton, Morrison, Sherburne, Stearns 500 Strategic Plan Review 4 GRANT ORGANIZATION/PROJECT TITLE COUNTIES SERVED AMOUNT Central MN Housing Partnership; Benton,Cass,Chisago, Crow Wing, Isanti,Kanabec, 50,000 Central MN Affordable Housing Development Mille Lacs, Morrison,Pine,Sherburne,Stearns,Todd, lillWadena,Wright entral MN Taskforce on Battered Women,St.Cloud: Benton,Chisago, Isanti, Kanabec, Mille Lacs, Pine, 5,000 First Steps Early Childhood Parent Program Sherurne,Stearns,Wright Central MN Taskforce on Battered Women,St.Cloud: Benton, Mille Lacs,Sherburne,Stearns,Wright 2,000 Multi-county Collaboration Planning Communities Investing In Families,Taylors Falls; Benton,Cass,Chisago, Crow Wing, lsanti, Kanabec, 750 Congregations in Community Conference Mille Lacs, Morrison,Pine,Sherburne,Stearns,Todd, Wadena,Wright Friendship Foundation,Annandale; Benton,Cass,Chisago, Crow Wing, lsanti,Kanabec, 500 Strategic Plan Follow-up Mille Lacs, Morrison,Pine, Sherburne,Stearns,Todd, Wadena,Wright Friendship Ventures,Annandale; Benton, Cass,Chisago, Crow Wing, Isanti,Kanabec, 500 Strategic Plan Follow-up Mille Lacs, Morrison, Pine, Sherburne,Stearns,Todd, Wadena,Wright Great River Educational Arts Theatre,St.Cloud; Benton Sherburne,Stearns,Wright 5,000 Healthy Organizations Partnership Training(Multi-Year) Harold Anderson Entrepreneurial Center,St.Cloud; Benton,Sherburne, Stearns 2,000 Nonprofit Entrepreneurship Series Pregnancy Resource Center of Cambridge; Chisago, lsanti, Mille Lacs, Sherburne,Wright 5,000 Healthy Organizations Partnership Training(Multi-year) Rivers Council of MN, Sauk Rapids; Benton,Cass,Chisago,Crow Wing, Isanti,Kanabec, 3,000 Conference Sponsorship Mille Lacs, Morrison,Pine,Sherburne,Stearns,Todd, Wadena,Wright Rivers of Hope, Monticello;Healthy Organizations Partnership Sherburne,Wright 5,000 Program(Multi-Year) .Cloud Area Family YMCA; Benton,Sherburne,Stearns tg5,000 ook Buddies Early Childhood Literacy Project t.Cloud Area Volunteer Coordinators;Volunteer Training Benton,Sherburne,Stearns 1,500 St.Cloud School District 742; Benton,Cass,Chisago, Crow Wing, Isanti, Kanabec, 5,000 "Hidden Rules of Class"Training Mille Lacs, Morrison, Pine,Sherburne,Stearns,Todd, Wadena,Wright St. Cloud Area Somali Salvation Organization; Benton,Sherburne,Stearns 5,000 Healthy Organizations Partnership Training(Multi-Year) FY 2003 Big Brothers Big Sisters of Central MN, Inc.,St.Cloud;School- Benton, Mille Lacs, Morrison, Sherburne,Stearns,Todd 8,000 Based Mentoring Program Birthline,St.Cloud; Benton, Morrison,Sherburne,Stearns 5,000 Healthy Organizations Partnership Training(Multi-Year) Boys&Girls Club of Central Minnesota,St.Cloud; Benton,Sherburne,Stearns,Wright 5,000 KIDSTOP Afterschool Childcare Program Boys&Girls Club of Central Minnesota,St. Cloud; Benton,Sherburne, Stearns,Wright 4,000 Touch Troupe Performances Central Lakes College SBDC,Brainerd; Benton, Cass,Chisago, Crow Wing, Isanti, Kanabec, 3,000 Microenterprise Technical Assistance Mille Lacs,Morrison, Pine, Sherburne,Stearns,Todd, Wadena,Wright Central MN Community Foundation, St.Cloud; Benton,Cass,Chisago, Crow Wing, Isanti, Kanabec, 2,000 BoardSmart Event Mille Lacs, Morrison, Pine, Sherburne, Stearns,Todd, Wadena,Wright Central MN Habitat for Humanity; Benton,Sherburne,Stearns,Wright 1,800 Strategic Planning �entral MN Housing Partnership; Benton,Cass,Chisago,Crow Wing, Isanti, Kanabec, 50,000 Central MN Affordable Housing Development Mille Lacs, Morrison, Pine,Sherburne,Stearns,Todd, Wadena,Wright 5 GRANT ORGANIZATION/PROJECT TITLE COUNTIES SERVED AMOUNT Central MN Housing Partnership,St.Cloud; Benton, Cass,Chisago, Crow Wing, lsanti,Kanabec, 1,000 Strategic Planning &Staff Development Mille Lacs, Morrison, Pine,Sherburne,Stearns,Todd, • Wadena,Wright Child Care Choices, Inc.,St.Cloud; Benton,Sherburne, Stearns,Wright 2,500 Professional Beginnings Training&Support City of St. Cloud/St.Cloud-Brainerd Joint Effort; Benton, Cass,Chisago, Crow Wing, Isanti,Kanabec, 20,000 AIR21 Project Mille Lacs, Morrison, Pine, Sherburne,Stearns,Todd, Wadena,Wright Great River Regional Library,St.Cloud; Fundraising Plan Benton, Morrison, Sherburne, Stearns,Todd,Wright 2,000 Independent Lifestyles,St.Cloud;Fundraising Plan Benton Sherburne,Stearns 2,000 MN Childcare Resource&Referral Network,St. Paul; Benton,Cass, Chisago, Crow Wing, Isanti, Kanabec, 10,000 TEACH (Teacher Education&Compensation Helps) Mille Lacs, Morrison, Pine, Sherburne,Stearns,Todd, _ Wadena,Wright MN Lakes Association, Brainerd; Benton,Cass,Chisago,Crow Wing, lsanti,Kanabec, 1,000 Selected by 2002 Outstanding Envir. Initiative Award Winner Mille Lacs, Morrison, Pine,Sherburne,Stearns,Todd, Wadena,Wright Multicultural Children's Art Connection,St.Cloud Benton,Sherburne,Stearns 2,000 Healthy Organizations Partnership Training(Multi-Year) Rivers Council of Minnesota,Sauk Rapids; Benton, Cass,Chisago, Crow Wing, Isanti, Kanabec, 5,000 Healthy Organizations Partnership Training(Multi-Year) Mille Lacs, Morrison, Pine,Sherburne,Stearns,Todd, Wadena,Wright Salem Lutheran Church,St.Cloud; Benton, Morrison,Sherburne, Stearns,Wright 25,000 Faith-Based Mentoring Bootstraps Project St.Cloud Housing&Redevelopment Authority; Benton Sherburne,Stearns,Wright 7,500 St.Cloud Area Eco.Dev. Partnership Operating Support St. Cloud State University SBDC,St.Cloud; Benton, Cass,Chisago,Crow Wing, Isanti, Kanabec, 3,00 Microenterprise Technical Assistance Mille Lacs, Morrison, Pine,Sherburne,Stearns,Todd, Wadena,Wright United Cerebal Palsy of Central Minnesota;St.Cloud Benton,Sherburne,Stearns 5,000 Healthy Organizations Partnership Training(Multi-Year) University of MN Foundation/University of MN Extension; Benton,Cass,Chisago,Crow Wing, Isanti,Kanabec, 10,000 Diversity& Inclusion Programing Mille Lacs, Morrison, Pine,Sherburne,Stearns,Todd, Wadena,Wright Works In Progress,Sauk Rapids; Benton, Cass, Chisago,Crow Wing, Isanti, Kanabec, 1,000 Women and Business Conference 2003 Mille Lacs, Morrison, Pine,Sherburne,Stearns,Todd, FY 2002 _ Boys&Girls Club of Central Minnesota,St.Cloud; Benton, Sherburne,Stearns 10,000 Project Learn CentraCare Health Foundation, St. Cloud; Benton, Sherburne,Stearns 1,000 Process To Peace Conferece Central Lakes College SBDC,Brainerd; Benton, Cass,Chisago,Crow Wing, Isanti, Kanabec, 7,500 Microenterprise Technical Assistance Mille Lacs, Morrison, Pine, Sherburne,Stearns,Todd, Wadena,Wright Central Minnesota Community Theatre,St.Cloud; Benton,Sherburne,Stearns 2,000 Community Theatre Project Central Minnesota Council on Aging,St.Cloud; Sherburne,Stearns,Wright 20,000 Interfaith Caregivers Project ..___...------- Central Minnesota Housing Partnership, St. Cloud; Benton, Cass,Chisago, Crow Wing, Isanti, Kanabec, 50,000 Affordable Housing Development Mille Lacs, Morrison, Pine, Sherburne,Stearns,Todd, Wadena,Wright Central Minnesota Housing Partnership, St. Cloud/Partners 56472, Benton, Cass, Chisago, Crow Wing, Isanti, Kanabec, 5,0111 Pequot Lakes; Mille Lacs, Morrison, Pine, Sherburne,Stearns,Todd, Operation"Bootstrap"Planning Wadena,Wright 6 GRANT ORGANIZATION/PROJECT TITLE COUNTIES SERVED AMOUNT City of St. Cloud, Human Rights Division; Benton,Sherburne,Stearns 1,000 'Learn What You Don't Know" ,st Central Regional Development Commission, Mora; Benton, Cass,Chisago,Crow Wing, Isanti, Kanabec, 25,000 Regional GIS Program Operating Support Mille Lacs,Morrison, Pine,Sherburne, Stearns,Todd, Wadena,Wright Onanegozie Resource Conservation&Dev.Council; Chisago, Isanti, Kanabec, Mille Lacs, Pine,Sherburne, 1,500 Forestry Coop. Research&Development Wright Pine Technical College,Pine City; Benton,Cass,Chisago,Crow Wing, Isanti,Kanabec, 1,500 Women in Technology Conference Mille Lacs, Morrison, Pine,Sherburne,Stearns,Todd, Wadena,Wright Rivers Council of Minnesota,Sauk Rapids; Benton,Cass,Chisago,Crow Wing, Isanti, Kanabec, 4,000 MN Lakes Association Conference Sponsorship Mille Lacs, Morrison, Pine,Sherburne,Stearns,Todd, Wadena,Wright Rum River Interfaith Caregivers, Princeton; Mille Lacs,Sherburne 5,000 Healthy Organizations Partnership Salem Lutheran Church,St.Cloud; Immigrant/ Benton,Sherburne,Stearns 1,000 Refugee Seminar Sauk Rapids-Rice School District; Benton,Sherburne, Stearns 1,500 W.E.B./LINK Mentoring Orientation Program St.Cloud State University Center for Community Studies; Benton,Cass,Chisago,Crow Wing, Isanti,Kanabec, 5,000 Rural Clinic Outreach Mille Lacs, Morrison, Pine,Sherburne,Stearns,Todd, Wadena,Wright St. Michael's Hospital Foundation, Sauk Centre/Stearns-Benton Benton, Cass,Chisago,Crow Wing, Isanti,Kanabec, 5,000 Medical Society; Mille Lacs, Morrison, Pine,Sherburne, Stearns,Todd, Central MN Health Information Network Wadena,Wright United Way of Central MN,St. Cloud; Benton,Sherburne,Stearns 2,000 Board Development •rks In Progress, Sauk Rapids; Strategic Plan Benton,Sherburne,Stearns 1,500 Works In Progress,Sauk Rapids; Benton, Cass,Chisago, Crow Wing, Isanti,Kanabec, 1,000 Women and Business Conference 2002 Mille Lacs, Morrison, Pine,Sherburne, Stearns,Todd, Wadena,Wright FY 2001 Catholic Charities, St. Cloud; Benton, Isanti, Kanabec, Mille Lacs, Morrison,Stearns, 2,500 Foster Grandparent 35th Recognition Todd,Wadena Central Lakes College SBDC, Brainerd; Benton, Cass,Chisago,Crow Wing, Isanti,Kanabec, 5,000 Business Technical Assistance for Mille Lacs, Morrison, Pine,Sherburne,Stearns,Todd, Women and Minorities Wadena,Wright Central MN Community Foundation,St. Cloud; Benton, Cass,Chisago, Crow Wing, Isanti,Kanabec, 10,000 Stephen Covey Event Mille Lacs, Morrison, Pine,Sherburne,Stearns,Todd, Wadena,Wright Central MN Housing Partnership; Benton, Cass,Chisago, Crow Wing, Isanti,Kanabec, 50,000 Affordable Housing Project Development Mille Lacs, Morrison, Pine,Sherburne,Stearns,Todd, Wadena,Wright East Central Regional Development Commission, Mora; Benton, Cass, Chisago,Crow Wing, Isanti, Kanabec, 10,000 NTI Technology Business Recruitment Mille Lacs, Morrison, Pine,Sherburne, Stearns,Todd, Wadena,Wright Minnesota Lakes Association; Benton, Cass, Chisago, Crow Wing, Isanti,Kanabec, 1,000 Conference Support Mille Lacs, Morrison, Pine,Sherburne, Stearns,Todd, Wadena,Wright St. Cloud Area Housing&Redevelopment Authority; Benton, Cass, Chisago, Crow Wing, Isanti,Kanabec, 25,000 Regional Labor Force Assessment Mille Lacs, Morrison, Pine,Sherburne,Stearns,Todd, Wadena,Wright Illkstainable Farming Association of MN; Benton, Cass,Chisago, Crow Wing, Isanti,Kanabec, 2,000 Database and Membership Survey Mille Lacs, Morrison, Pine,Sherburne, Stearns,Todd, Wadena,Wright TOTAL MULTI-COUNTY PROJECTS (69): $528,550 7 EXAMPLES OF LOANS AWARDED ... BUSINESS NAME BUSINESS TYPE LOAN TYPE FY 2004 Advanced Extrusion, Inc., Becker Manufacturing Expansion K-Netica, Elk River Software Development Expansion FY 2003 KnowledgeGenetica, Elk River Software Development Start-up Meadow View Townhomes of Zimmerman Land Development Project Start-up FY 2002 A.J. Machinery Company, Inc., Big Lake Machine Tool Cover Distributor Expansion (The Bank of Elk River) Advanced Extrusion, Inc., Becker Manufacturing Start-up (Associated Bank, Plymouth) Sherbume EnviRock, Becker Converts Fly Ash to a Concrete Additive Start-up (First National Bank- Elk River) FY 2001 Cymbet Corporation, Elk River Mfg. Lithium-ion Rechargable Batteries Start-up FY 2000 Eighth Street House, Big Lake Group Foster Home Expansion (Buffalo National Bank) Raymond P. Chock Trucking, Elk River Independent Truck Driver Start-up (The Bank of Elk River) FY 1998 Windmark, Inc.,Zimmerman (Breda Savings Bank-Breda, IA) Design/Mfg. Rescue Air Boats Start-up FY 1996 Marketech, Inc., Elk River (First National Bank-Elk River) Electronic Testing Service Expansion FY 1995 Mastoni's Pizza, Becker (Sherburne State Bank-Becker) Pizza/Deli Expansion FY 1994 Brumar, Elk River (Breda Savings Bank-Iowa) Welding Expansion Freeport Finishing,Zimmerman (Princeton Bank-Princeton) Finishing Start-up Sherbume County Insurance, Elk River (The Bank of Elk River) Insurance Agency Expansion FY 1992 Darter Plastics, Inc., Becker Plastics Manufacturing Expansion Diaper Express, Zimmerman (First National Bank-Elk River) Diaper Service Start-up FY 1991 Rohn Ironworks, Elk River (First National Bank-Elk River) Structural Steel Fabricating Expansion FY 1990 Marketech, Inc., Elk River (First National Bank-Elk River Electronic Testing Service Start-up FY 1989 Horn Machine, Elk River (First National Bank-Elk River) Millwork Manufacturing Start-up Key Pattern, Elk River Pattern Design Expansion Pomeroy Tool, Elk River (First National Bank-Elk River) Tooling Expansion TOTAL LOANS (30): $1,525,300 Total Business Investment Leveraged: $10,430,433 . Total Jobs Created or Retained: 329 GRAND TOTAL OF GRANTS, LOANS & SCHOLARSHIPS IN SHERBURNE COUNTY $2,230,100 8 • INITIATIVE BOARD OF TRUSTEES FOUNDATION i••_ ,y ,..„ Barbara Anderson, Crosby ',4%,,,, John Schiagel, Cambridge a 4 , ,` Director, Home Care&Hospice Schlegel, Inc. -- -; Barrett Colombo, St. Cloud = Mary Schwartz, Mora 4 1 Attorney, Rinke Noonan Law FirmDirector, Child Care Resource 41 Gloria Edin, Staples Steve Shelley, Little Falls `F . Hispanic Advocate Shelley Funeral Chapels 4 - , • Dave Gruenes, St. Cloud , " Pat Spence, Rice Stearns County Electric; Community/Economic Development At Board Chair : _ ;;' Board Vice-Chair John Hoefs, St. Cloud F Gene Waldorf, Grey Eagle Healthcare/Legal ` Environment/Community Planning r. ',. George Wallin, Big Lake Catherine Jackson, Waverly General Manager, Connections, Etc. President, Citizens State Bank Board Secretary/Treasurer 4 Vis* Janet Moran, Brainerd 4 Warren Williams, Brainerd q - Board of Education Chair President, Bremer Bank 405 First Street SE; Little Falls, MN 56345 • Phone: 320/632-9255 - v.: Bill Scarince, St. Cloud Fax: 320/632-9258 " President, WFScarince, Inc. www.ifound.org 45 O � O E O L cc t3O a0' 0 o N ao Y 0 E z a� Q. 0) Z m C a p ¢ o E :a CO E c z y > a > too 0 � E Q � E a• o N fl H !: a yO Za v �, 'a �, �, � a caEE of a � aof 2 ¢ cu � w �G 5 Oyu 3 41 • '4 ,__?tip," ,.m, , , -4' CV: *: 4 1 ,.,--;-*-. -;,--z-r-, i°:rim - O N co y C Li- ,o • `O 0 U O = 0 C O � -0 a0� E o • as a oc up .0o 0 �c o c a00 •)-a � o 0.4 `n c Qac ocu 0 3 ° O a c � ° a � a a a= N o 3 c a � a s EU N 4 N co -c3 � ® � y � cN Nva � 0E cUa 0 ¢ 3 co Y C U M o Q) -c'..) a O -- a c a Is V c0 = oo a oQ-a oa m � a = OE 3 4E - N E � � S �C a U� a c� Y � E O c� CO c o ..,.,-...q • a o X a o • Y c - Oo � j, � E ..c a) p E CoE 092E - of c ta Lu Ili c) w -L.) a) Ow �w 2 "e3 Lt., hG ¢w 0 t .411 skr -41 -- Lip , , ,,..:, ,,,, ,..-- .,„,,,- , , lot ..4.;%,,,_.- r.,,,-^"' .,... 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